| PAST TOP PICK | 1.780 | Peter Hodson | (A Top Pick Sept 20/07. Down 44%.) Sold his holdings. Moving to larger companies in terms of gold. | 2008-08-27 | |
| BUY | 1.780 | Allan Jacobs | Like most small cap gold stocks it has under performed pretty significantly. In the US, which is good. Had a production shortfall, which they are improving in the 3rd quarter. Low grade and one mine company but he likes it. Very experienced management. Traits that very little multiples. | 2008-08-27 | |
| Comment | 2.100 | Alexander Lane | Producing mine in Nevada. 28,500 ounces of production last quarter and are on track to do 135,000-145,000. Short reserve life but have a lot of prospective acreage. Smaller producers have less scale and are hit hard by fuel costs so the stock is down. | 2008-07-23 | |
| STRONG BUY | 2.800 | Alex Ruus | Stock has got hit in the last couple of months. At these levels it is a table pounding stock. One of the few pure North American gold plays with a producing mine. Great management. Very cheap. | 2008-04-22 | |
| PAST TOP PICK | 3.150 | Hugh Cleland, CFA | (Top pick, March 26 2007. Up 42%) This will be a core holding for years. Will be largest gold position for the next 5 years. It’s so cheap it should see good appreciation in the next 12 months. | 2008-03-31 | |
| HOLD | 3.410 | Peter Hodson | Stocks been doing OK, but not as well as some of the other players. Not the go to name right now. Will be recognized. Great management team. The next catalyst will be either a take over or a merger. | 2008-03-17 | |
| VAGUE | 3.080 | Peter Hodson | It's been doing OK but not as good as some of the other players. They've got 60,000 oz hedges, so is hurting them. A great management team.
If they merge with someone else it would be better. | 2008-03-17 | |
| WEAK BUY | 3.670 | Bill Belovay | Have operations in Nevada. Open pit mining. The only thing that puts him against this company is that they are starting the habit of hedging gold. He has 10% hedged at $800. This will probably run with the junior companies if gold goes higher. | 2008-03-13 | |
| TOP PICK | 3.680 | Hugh Cleland, CFA | World-class management. In the continental US. Have a large reserve of almost 4 million ounces. Undervalued. | 2008-03-04 | |
| PAST TOP PICK | 3.520 | Peter Hodson | (A Top Pick Sept 30/07. Up 11.6%.) Poured their first gold about 2 weeks ago. Expect they will merge with another producer to become a bigger entity. Good management. | 2008-01-31 | |
| BUY | 3.250 | Hugh Cleland, CFA | Assets in California and they are going into production now. If gold is at $750, this should be a $5 to $7 stock. | 2008-01-23 | |
| Comment | 3.830 | John Embry | Not a high-grade operation, but it is substantial. He worries about open pit operations that are not particularly high grade. The greatest cost in an open pit operation is energy and it's the gold is not high-grade; you may not make much money. | 2008-01-09 | |
| TOP PICK | 3.700 | Hugh Cleland, CFA | (A Top Past Pick Dec14/06. Up 54.3%.) Gold. Going into production in January. Producers have got a multiple of 1 to 1.5X NAV. Pre-production tends to get a multiple of .5 X NAV. Potential NAV of $6. | 2007-12-27 | |
| BUY | 3.510 | Hugh Cleland, CFA | Very highly levered to gold. Had a nice move up, but there is still a discount to NAV to make up. Going into production in January. | 2007-11-23 | |
| Comment | 3.430 | Robert Cohen B.A.Sc., MBA, CFA | Redeveloping an old mine. Construction is about 80% complete now. It would be a good quality levered name to the gold price. Undervalued. Fairly low grade, which can create volatility. He prefers higher grades. | 2007-11-16 | |
| BUY | 3.690 | Alex Ruus | Gold is one of the better sectors to be invested in the next few years. This is his Top pick in the gold sector. One of the cheapest plays out there. Have a great asset that is just coming into production this quarter. Great management. | 2007-11-05 | |
| BUY | 3.680 | Peter Hodson | If you like a safer play in the gold space, one of the best ways to play is to go to a company that is not yet producing, but going to be producing in the near term. This company has a great asset in California and will be producing in the next 3 to 5 months. Ahead of schedule and ahead of budget. | 2007-10-15 | |
| TOP PICK | 3.420 | Hugh Cleland, CFA | Operations in the US, so costs and revenues are in US$’s. Stronger Cdn$ does not affect them. World-class reserve at almost 4 million ounces. Going into production in January. | 2007-09-28 | |
| TOP PICK | 3.190 | Peter Hodson | My apologies. Wrong info was put in. I am presuming this was his Top Pick though. Bill | 2007-09-20 | |
| TOP PICK | 2.780 | Hugh Cleland, CFA | (A Top Pick Sept 7/06. Up 8%.) Good management. Has brought in world-class mine development team. Good exploration results. Continental US, so no political risks. Fully financed. | 2007-09-07 | |
| Comment | 2.720 | Robert Cohen B.A.Sc., MBA, CFA | The old Mesquite mine in California, which is being put back in production. Fairly low grade, which gives you fairly tight profit margins. Slightly undervalued. | 2007-09-06 | |
| BUY | 2.580 | Alex Ruus | Will be in production early next year and provides good upside in the near term. | 2007-09-04 | |
| HOLD | 2.140 | Robert Cohen B.A.Sc., MBA, CFA | A bit more risk, but a high leverage to the gold price. Is undervalued.
| 2007-06-14 | |
| TOP PICK | 2.090 | Hugh Cleland, CFA | (A Top Pick Sept 7/06. Down 18%.) Still a Buy. | 2007-05-24 | |
| SELL | 2.120 | Jeff Parent | This does not look like a good chart. He would consider selling. | 2007-05-23 | |
| BUY | 2.120 | Alex Ruus | Bullish on gold. Production will be coming on in the first half of 2008. One of the few independent gold producers. Significantly undervalued. Takeout candidate. | 2007-05-07 | |
| WEAK BUY | 2.180 | Robert Cohen B.A.Sc., MBA, CFA | Highly leveraged to the price of gold. Close to production. Relatively low grade and, therefore, tighter operating margin operations. | 2007-04-20 | |
| TOP PICK | 2.280 | Hugh Cleland, CFA | (A Top Pick Sept 7/06. Down 20.2%.) Lowest risk, highest reward in a gold stock. Reserves should be over 3 million oz. by the end of June. | 2007-03-26 | |
| PAST TOP PICK | 2.380 | Hugh Cleland, CFA | (A Top Pick Sept 7/06. Down 9.5%.) Going into production in 2008. Has 3.5 million ounce reserve plus resource. Great long-term hold. | 2007-01-24 | |
| BUY | 2.770 | Alex Ruus | Bullish on where gold is going in the next year or two. Has a great development property in California. | 2007-01-04 | |
| WEAK BUY | 2.770 | Robert Cohen B.A.Sc., MBA, CFA | Highly leveraged to gold price, so if you think the price of gold is going up, this will perform well. Doesn't find the Mesquite mine is of a quality that he is looking for. | 2007-01-02 | |
| TOP PICK | 2.340 | Hugh Cleland, CFA | (A Top Pick Sept 7/06. Down 14.1%.) California, Nevada area. Good management. 2.5 million ounces in reserve already with another million or so in resource that is likely to expand. The cheapest in the “near-mine” universe. | 2006-12-14 | |
| Comment | 1.950 | Paul VanEeden | Doesn’t invest in development projects. They are developing the Mesquite mine in California. Competent, experienced management. Low-grade deposit. Will move up with gold as it is in the US. Believes California has a high political risk and is not mining friendly. | 2006-12-13 | |
| WEAK BUY | 1.610 | Robert Cohen B.A.Sc., MBA, CFA | Planning on putting the old Californian Mesquite mine back in production. Large tonnage, low grade, so you have super leverage to the gold price. If gold prices you make a lot but the reverse is also true. | 2006-10-04 | |
| TOP PICK | 2.630 | Hugh Cleland, CFA | Strong management. Good assets with 3.5 million ounce resource of which 2.5 million ounces were reserved. | 2006-09-07 | |
Experts that have talked about Western Gold Fields
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