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| Brent Cook of Exploration Insights |
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| Comment | Orvana Minerals | ORV-T | 1.960 | Operation in Bolivia is making decent money. Have branched out into Spain, which has a tough deposit. Think they are having issues in working out the kinks of that one. Also have a row checked in Michigan, which he doesn't know enough about. | 2011-09-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market - Holding a lot of cash. Expects people will be selling everything, the good with the bad. There are a number of quality projects that will be available at a discount. We still need to find one big copper mine a year just to keep up with production. On gold we have to find 85 million ounces a year just to match production. Industry can’t keep up with demand, so if you can find a company with a real legitimate discovery, you are set to do well, regardless of the macro stuff. | 2011-09-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Rare earths. Major companies are users of rare elements and feels there is a play here. There are 3 deposits that are worth keeping an eye on. Rare Element Resources (RES-T), Quest Rare Minerals (QRM-X) and Tasman (TSM-X). These 3 are advanced enough along that they can kind of see what the metallurgical characteristics are. | 2011-09-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Barbell strategy with buying a producer and an explorer? Thinks this is a very good idea. For the producer, he would look at Fortuna Silver (FVI-T). For the Explorer, there are 2 he would consider. Global Minerals (CTG-X), which is active in Slovakia and Mirasol (MRZ-X), which is active in Patagonia. | 2011-09-15 | ||
| TOP PICK | Almaden Minerals Ltd. | AMM-T | 3.160 | (A Top Pick Nov 2/10. Up 12.41%.) Very good company. On to a major geothermal precious metal system in Mexico, which they are still defining. There is a chance here for a real home run. Gold and silver. | 2011-09-15 | ||
| WATCH | Baja Mining Corp | BAJ-T | 1.010 | Interesting project. Soft sediments, copper mineralization. I've spent a lot of money building this and now we'll see if it really works. If it does as they expect, the stock is seriously undervalued. | 2011-09-15 | ||
| TOP PICK | Lara Exploration | LRA-X | 1.410 | Prospect generator. They have projects going in Brazil, Peru and China and they are all ventured out. Long-term hold. | 2011-09-15 | ||
| BUY | San Gold Corporation | SGR-T | 2.920 | Sold his holdings when the exploration story became more of a development story. There is always something goes wrong with development stories. It's a good deposit and they are putting a lot of money into drilling it out. Thinks they are over the hump. | 2011-09-15 | ||
| Comment | Everton Resources | EVR-X | 0.220 | In the Dominican Republic. Have done a good job of divesting a lot of their projects. Inexpensive stock but he doesn't think they will find an extension to Pueblo Nuvero (?). | 2011-09-15 | ||
| HOLD | Premier Gold Mines | PG-T | 6.490 | Saddle Mountain project in Nevada is sitting between Newmont (NMC-T) resources. If Newmont is going to mine their resources, it would be logical for them to acquire this company. Same thing in Red Lake, where Goldcorp (G-T) is putting a high-speed underground tram, which crosses through their joint venture property. | 2011-09-15 | ||
| BUY | Fortuna Silver Mines | FVI-T | 6.100 | It's going to be listed on the NYS next week. Will this have an impact? Very competent junior mining company. 2 good mines in production. | 2011-09-15 | ||
| BUY | Evolving Gold Corp. | EVG-T | 0.520 | Gold project in Wyoming and Nevada. Run by a very competent geologist. Wyoming is an interesting project in that it is a big gold system with a number of intrusives into it. The Carlin project is a good one also. Frustration has been the time it has taken to prove these up. At these prices it is all right. | 2011-09-15 | ||
| BUY | Phoscan Chemical Corp. | FOS-T | 0.390 | Phosphate deposit but also have some rare earths. Caught up in the assay backlog. It should work. Probably have about $0.38 a share in cash. | 2011-09-15 | ||
| DON'T BUY | East Asia Minerals Corporation | EAS-X | 0.780 | There are a few issues. Land is in Indonesia and they don't have the forest designated sol that they can build a mine. Also they have not addressed metallurgy to designate the rock. | 2011-09-15 | ||
| WATCH | Atac Resources Limited | ATC-X | 6.380 | Run by some very competent people. Have a belt of rocks 100 km long with mineralization similar to the Carlin trend. Have some good thicknesses across certain intervals but it's hard to pasted together so far. That is going to be the real key. It is going to require a lot of power and there is no power in the Yukon so it will take big CapX. | 2011-09-15 | ||
| TOP PICK | Alderon Iron Ore | ADV-T | 3.420 | Iron ore in Labrador. The key thing about iron ore is infrastructure. They are located in the right place with easy access to the rail line, which goes into Quebec. Have about 1 billion tons of iron ore right now. Did an assessment on about half of it and came up with about $3 billion of net present value at 8% discount. Pick a candidate. | 2011-09-15 | ||
| PAST TOP PICK | Lydian International Limited | LYD-T | 2.750 | (A Top Pick Nov 2/10. Up 15.13%.) Still a great buy. They've defined 2.5 million ounce deposit in Armenia. It will be inexpensive to mine and produce the gold. | 2011-09-15 | ||
| PAST TOP PICK | Wolverine Minerals | WLV-X | 0.390 | (A Top Pick Nov 2/10. Down 30.39%.) Picked this because the person running it is a quality geologist. The problem with exploration plays in the Yukon is that it takes 6 weeks to get the results back from the labs. They are still waiting for their drill results. | 2011-09-15 | ||
| HOLD | Allana Potash Corp | AAA-T | 1.110 | Potash. Doesn't follow the potash industry that much but he was in Ethiopia and from what he saw, their deposit is as good as the BHP deposit which is next door. Expect they will be taken over it eventually by BHP. | 2011-09-15 | ||
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| BUY on WEAKNESS | Continental Gold Limited | CNL-T | 7.680 | Gold. Probably the premier company in Columbia. Good project and good company. | 2011-09-15 | ||
| HOLD | Balmoral Resources | BAR-X | 0.980 | Picked up a large land package in Ontario and Québec. Conceptually picked up on trend large deposits of Detour (DGC-T) and looking to replicate the same success. | 2011-09-15 | ||
| HOLD | Golden Predator Corp | GPD-T | 1.250 | Has some good projects. Of all the explorers in the Yukon, this one is in the top 5%-10%. | 2011-09-15 | ||
| Comment | Mineral Mountain Resources | MMV-X | 0.550 | Very early stage. Trying to replicate what they did with Rainy River (RR-X) in finding a large disseminated deposit with narrow high-grade veins. | 2011-09-15 | ||
| DON'T BUY | Rubicon Minerals Corporation | RMX-T | 4.900 | Good bunch of guys who’ve done a great lot of work in the Red Lake area. Did a resource estimate and the estimator did not do a top cut on the grades. They’ll have to get a new resource and there could be trouble for the stock. | 2011-03-07 | ||
| DON'T BUY | Eastmain Resources Inc | ER-T | 1.760 | Mineralization occurs in a number of structures that are parallel but not necessarily connected. The difficulty they are going to have is bulking this into one deposit that actually works. This was his problem and why he never bought it. | 2011-03-07 | ||
| PAST TOP PICK | Almaden Minerals Ltd. | AMM-T | 3.860 | (A Top Pick Nov 2/10. Up 37.23%.) Had a number of joint ventures going and have $20 million in the bank. Just found a massive high level alteration system. Have drilled some incredible holes and found a strong robust gold system but haven’t found the sweet spot. | 2011-03-07 | ||
| DON'T BUY | Trade Winds Ventures | TWD-X (Dead) | 0.295 | Adjacent to the Detour Gold (DGC-T) deposit. Everyone hopes they take them over. However, Detour has 14 million ounces, which means they don’t have to take them out but can just wait. Not sure how this will play out. | 2011-03-07 | ||
| TOP PICK | Lara Exploration | LRA-X | 1.780 | Brazil and Peru. Team generates ideas and then goes after others to work it. Have about $7 million in the bank. Have 9 projects that will be drilled by joint venture partners. One of the projects that they sold out of will give them a royalty of about $1 to $2 million a year for the next 3 years. | 2011-03-07 | ||
| DON'T BUY | San Gold Corporation | SGR-T | 2.770 | Sold his holdings last year. Now in the phase where the question is, can they make money producing gold. So far hasn’t had much success. A “show me” story. | 2011-03-07 | ||
| Comment | Rainy River Resources Ltd | RR-T | 11.490 | Sold his holdings because he wasn’t comfortable where management was taking it. New management has turned it around. Large disseminated deposit and the question is, how disseminated is it really. They are at the stage where the question is what is this thing and how are they going to mine it. | 2011-03-07 | ||
| WATCH | Evolving Gold Corp. | EVG-T | 0.890 | Good project, but complicated. The geology is such that there are a number of magmatic bodies where some of them are mineralized and some aren’t. Difficult to tie them together enough to make a body that is economic. Also have a fantastic looking project in Carla, Nevada that he thinks will turn out to be a discovery but there’s a back-in by Newmont (NMC-T) that has to be factored in. | 2011-03-07 | ||
| TOP PICK | Virginia Mines Inc. | VGQ-T | 9.420 | Safest gold stock that he knows of because they’ve got a 2%-3.5% royalty on a discovery they sold to Goldcorp (G-T). There’s no financial or capital risk. At $1,200 gold, this is worth about $9-$10 a share. On top of that they have $1.15 a share in cash. Have a number of base metal deposits being worked by others that he expects to grow. | 2011-03-07 | ||
| BUY | Riverside Resources Inc. | RRI-X | 1.310 | Interesting model. They generate ideas and targets and when it comes time to spend the big money, they bring in somebody else. They are then dilutive at the prospect stage but not at the capital stage. Has a number of joint ventures laid out. Mostly in Mexico but has one in Arizona. | 2011-03-07 | ||
| DON'T BUY | Gold Bullion Development | GBB-X | 0.490 | Looking at their system to see if it is broadly disseminated or concentrated in narrow zones. Also has another issue in that it is very nuggety. Mineralization is so erratically disseminated that the drill holes don’t catch the gold the way they should. Now going in and taking bigger samples to get a feel for what it is like. Hard to evaluate as an investor. | 2011-03-07 | ||
| Comment | Trelawney Mining | TRR-X | 4.800 | Have a large system that looks like it might bulk up into a minable open pit situation. The key to look at in these types of systems is how the mineralization is actually distributed. Is there one high-grade metre amongst 25 of very low-grade material or is the mineralization distributed evenly across? This is what you have to look at. | 2011-03-07 | ||
| Comment | Canaco Resources | CAN-X | 5.640 | Have done very well buy is becoming a pretty steep valuation. Real interesting discovery in Tanzania. Has yet to go through it section by section and tie it together into a body that can be mined economically. Also have a discovery in Ethiopia that could add a lot of value but he hasn’t seen enough data to comment on it. | 2011-03-07 | ||
| PAST TOP PICK | Lydian International Limited | LYD-T | 2.350 | (A Top Pick Nov 2/10. Down 0.42%.) Gold deposit in Armenia with about 1.4 million ounces at just under a gram. They should resource out this month. This will be a very low cost, high margin deposit in the 2 million ounce range. | 2011-03-07 | ||
| PAST TOP PICK | Wolverine Minerals | WLV-X | 0.830 | (A Top Pick Nov 2/10. Up 60.78%.) Active in the Yukon. Acquired about 20 odd prospects. Has a lot of respect for management. Smart drill program. | 2011-03-07 | ||
| Comment | Constantine Metal Resources | CEM-X | 0.275 | Have one really high grade, base metal deposit in Ontario where they are drilling off a mass of sulfide in Alaska. Interesting deposit in that it’s good grade and the guy behind it is a very good geologist. Looks like a decent deposit. | 2011-03-07 | ||
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| DON'T BUY | Magma Metals | MMW-T | 0.320 | High grade platinum, palladium, nickel and copper mineralization in Ontario. If they could find the source of that it would be a 10 bagger for sure but that hasn’t been easy and haven’t had luck finding the feeder. | 2011-03-07 | ||
| Comment | Seafield Resources | SFF-X | 0.325 | Project in Colombia. Drilled some good holes but basically replicated other holes that had been drilled by Anglo, so it wasn’t new information. If you look at all the holes that Anglo drilled it was limited where they could go. Doesn’t understand what all the excitement is about until it gets bigger. | 2011-03-07 | ||
| TOP PICK | High Desert Gold | HDG-X | 0.580 | This is one that you are rolling the dice on. Quite impressed with their Nevada project. Large hydrothermal system with gold mineralization that has never really been drilled. The question is, will it be enough stock work to bulk up into a minable economic deposit. Should also have some results on their Mexico project as well. | 2011-03-07 | ||
| Comment | Potash Corp of Saskatchewan | POT-T | 146.270 | A political football. It will be interesting to see how it plays out. Thinks it makes sense to let BHP buy it. Suspects BHP could up the price. | 2010-11-02 | ||
| DON'T BUY | Geologix Explorations Inc | GIX-T | 0.680 | They have a small oxide cap that will probably work, but it is not very large. Then there is a sulphate deposit but it is not very high grade. It depends on the metal prices you use. Tough low-grade deposit. Not something a mid-size company is going to buy. He prefers high margin deposits. | 2010-11-02 | ||
| Comment | Taseko Mines Ltd. | TKO-T | 6.550 | Early on got off side with first nations and that has snowballed. Province wanted mine to go ahead but the environmental studies were not in favour. It’s going to be ugly. Stock could get hit hard tomorrow. | 2010-11-02 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | He doesn’t get good demand numbers out of China. At least in the near term, metal and gold prices are going to do quite well. Gold production has been declining as the price has been going up. Companies are paying top dollar for good deposits in takeovers. The higher the margin in production, the more likely they are to be taken out. | 2010-11-02 | ||
| TOP PICK | Almaden Minerals Ltd. | AMM-T | 2.820 | Very, very good company. Followed joint venture model for years. Jumped on this because they have a project in Mexico with early drilling shows they are at the top of an epithermal gold system. If they hit a bonanza under it, this company will really go somewhere otherwise it is a company that is doing really good things. | 2010-11-02 | ||
| BUY | Lara Exploration | LRA-X | 1.050 | Likes company and guy running it. Follows a joint venture model. An intelligent business model. Burn is very low. Royalty coming in next year on an iron deposit in Brazil. | 2010-11-02 | ||
| WAIT | San Gold Corporation | SGR-T | 3.240 | There are a number of parallel veins off to the side of the one they are drilling. He sold out 2 or 3 months ago because it got to the stage where they should make money. He backed away and is watching again. | 2010-11-02 | ||
| DON'T BUY | Copper Fox Metals | CUU-X | 0.750 | Project is quite low grade .32% copper and less than 2 grams gold. Location is not that great either. Tough location and Cap X to build this thing is grater than $3 billion. If you are comfortable with this, it is probably a good leverage to gold. | 2010-11-02 | ||
| DON'T BUY | Acadian Mining Corp. | ADA-T | 0.045 | Tough deposits to drill out. They are trying to bulk it up into one low-grade zone. These are tough ones to make money on. There are probably better places to put your money. | 2010-11-02 | ||
| BUY | Centamin Egypt | CEE-T | 2.790 | Nice deposit in Egypt that they are putting into production. There were a few hiccups along the way, which is to be expected. It is fairly expensive but it is a good deposit and the majors would have their eye on it. | 2010-11-02 | ||
| WAIT | Crocodile Gold Corp. | CRK-T | 1.490 | A previous company went bust trying to put the project into production. Wait and see if they con produce gold at a good price. | 2010-11-02 | ||
| BUY | Fortuna Silver Mines | FVI-T | 3.860 | Has done well. The have two projects. Silver pries have helped them along. It is getting close to fair value. Their focus is on the bottom line. This is a company to hold if you believe silver will go higher. | 2010-11-02 | ||
| SPECULATIVE BUY | Allied Nevada Gold | ANV-T | 25.460 | A Massive, 20 Million oz resource, low grade. Key is if they can show the metallurgy works, then we have a deposit in Nevada, where they have roasters and such that are in desperate need of ore. Metallurgy should be out early next year. | 2010-11-02 | ||
| PAST TOP PICK | Phoscan Chemical Corp. | FOS-T | 0.440 | (Top Pick Jan 7/07, Down 4.4%) A cash company, phosphate deposit that is not economic yet. Perhaps a rare earth development coming but he would not buy it for this. | 2010-11-02 | ||
| SELL | Colossus Minerals Inc. | CSI-T | 8.180 | Managed to drill out a high-grade platinum plating gold deposit. If they can extend it down deep it gets quite exciting. It’s gone beyond what he would pay for it. | 2010-11-02 | ||
| PAST TOP PICK | Focus Ventures | FCV-X | 0.420 | (Top Pick Jan 7/07, Down 58%) Had a project in Peru, high risk. The system was big, they drilled it and there wasn’t much gold in it. | 2010-11-02 | ||
| PAST TOP PICK | Blue Sky Uranium Corp | BSK-X | 0.235 | (Top Pick Jan 7/07, Down 63%) Uranium project in Argentina. Still working on it, but grade is not quite what he felt they needed so sold out. | 2010-11-02 | ||
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| TOP PICK | Lydian International Limited | LYD-T | 2.380 | Gold project in Armenia. It sits at the surface and is cheaper and simpler to get out. Have 1.4 million oz and will increase it and once this is done it is a take-over target by a mid-tier company. | 2010-11-02 | ||
| TOP PICK | Wolverine Minerals | WLV-X | 0.510 | Likes the Yukon. It is experiencing a major gold rush. Acquired 21 projects. Will be working them starting next year. Most are gold. Respects the management and their decision to acquire and develop the projects. | 2010-11-02 | ||
| DON'T BUY | Levon Resources | LVN-X | 1.140 | So far he has not seen anything suggesting they have a good deposit. Hasn’t seen anything that makes him want to buy it. He has only seen low grade. | 2010-11-02 | ||
| WAIT | Western Pacific Resources | WRP-X | 0.540 | Exploration stage company with projects in the US. Good company, run by good people. Yet to see results that have got him excited or interested enough to buy, but it is on his radar. $12 million market cap. | 2010-11-02 | ||
| DON'T BUY | Ucore Rare Metals Inc. | UCU-X | 0.425 | It’s a tough deposit. Erratic mineralization with the Uranium. He doesn’t think a lot of the deposit. Prefers others. | 2010-11-02 | ||
| DON'T BUY | Nevada Exploration | NGE-X | 0.090 | Using ground water sampling. It is a tool used in conjunction with geology. Together they find a target. They have only managed to pull in one partner. He thinks they need to bring in more to show the business model works. | 2010-11-02 | ||
| DON'T BUY | AuRico Gold Inc | AUQ-T | 9.630 | Have had a tough time getting their mine working. Veins are not hanging together as they would like and there is a lot more dilution in the open pit portion of it. Having trouble with high-grade getting mixed in with low. | 2010-03-11 | ||
| DON'T BUY | Rubicon Minerals Corporation | RMX-T | 4.430 | Have had outstanding success in the Red Lake camp. Very smart people. Not sure how much there is left in there. | 2010-03-11 | ||
| BUY on WEAKNESS | Mag Silver Corp | MAG-T | 7.580 | Got the best Silver deposit recent discovery in a long time. Tied up with Fresnillo and is waiting to see if they get taken out by them or not. | 2010-03-11 | ||
| TOP PICK | AltiusMinerals Corp | ALS-T | 9.340 | Have been able to generate a compound annual return over 10 years better than 30%. Have done this using a joint venture model. NAV of about $9. There is hurry in buying. Take your time. | 2010-03-11 | ||
| Comment | Keegan Resources | KGN-T | 5.860 | Run by some very good, competent people. Main zone is very good grade but as you move along the trend, it seems to be offset and driving deep so they are losing the grade and continuity to some degree. | 2010-03-11 | ||
| DON'T BUY | Prodigy Gold Inc | PDG-X | 0.400 | Ramped up expectations on some veins they were finding, which is why the stock went up so high. The mineralisation was very erratically distributed. Doesn't think it is a very economic deposit. | 2010-03-11 | ||
| BUY | Mirasol Resources | MRZ-X | 2.260 | Not really a Silver company but have at least one silver discovery in Patagonia. Have some joint ventures with Couer d’Alene that looks like they are drilling up some silver. | 2010-03-11 | ||
| Comment | San Gold Corporation | SGR-T | 3.230 | Have a nice gold deposit. There are a number of parallel structures to the main vein where they have been pulling some very good holes and getting good mineralisation. Overvalued probably but he is there for the exploration | 2010-03-11 | ||
| Comment | Osisko Exploration Ltd. | OSK-T | 8.790 | Large low-grade gold deposit going into production in Quebec. Will be an interesting test for them being one of the first large low-grade deposits to go into production. Interesting to see how much money they make and what their margins are. | 2010-03-11 | ||
| PAST TOP PICK | AuEx Ventures | XAU-T (Dead) | 3.060 | (A Top Pick May 29/09. Up 6.6%.) Very intelligently run company. The game plan is to generate ideas/geologic targets and bring a major company in to do the hard, expensive work. Made a discovery of a very nice deposit in Long Canyon Nevada and hold 49% with Frontier being a joint partner. | 2010-03-11 | ||
| Comment | Premier Gold Mines | PG-T | 4.050 | Have an interesting deposit where they are getting some good intervals with good grade mineralisation. The question is how much is actually mineable and to what depth. | 2010-03-11 | ||
| BUY | Fortuna Silver Mines | FVI-T | 2.500 | Silver. Has had a nice run. Management can mine profitability. Bringing San Jose into production. | 2010-03-11 | ||
| Comment | Evolving Gold Corp. | EVG-T | 0.990 | There is a discovery in Nevada that is potentially really significant. Hit the right rocks and the right alterations in a very strong system. Wedging down and trying to expand it. Will be an expensive project. | 2010-03-11 | ||
| PAST TOP PICK | Phoscan Chemical Corp. | FOS-T | 15.040 | (A Top Pick May 29/09. Down 14.6%.) Have a phosphate deposits and raised a large sum when the phosphate market was hot but everything collapsed last year. Sitting on about $70 million with a market cap less than this. Won't develop the phosphate deposit until conditions are right. | 2010-03-11 | ||
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| Comment | Premium Exploration | PEM-X | 0.360 | Has a project in Idaho. High-grade chute that runs to depth along a structure and by itself is not a large deposit. So they now have to find more along a trend which could make it economic. | 2010-03-11 | ||
| PAST TOP PICK | Eurasian Minerals Inc. | EMX-X | 1.960 | (A Top Pick May 29/09. Up 30.7%.) A lot of projects in Haiti in a joint venture with Newmont (NMC-T) who is footing the bill. Because of the earthquake, the stock got hit and is just now starting to come back. | 2010-03-11 | ||
| TOP PICK | Focus Ventures | FCV-X | 1.050 | Gold exploration in Peru. As they drill deeper he is hoping for stronger mineralisation. Drilling now but if results are not good, the stock could drop. Take your time in buying. | 2010-03-11 | ||
| TOP PICK | Blue Sky Uranium Corp | BSK-X | 0.700 | Partnered with a Argentinean province in uranium, which has 10%. About 5% of exploration budget has to go towards improvements. Have a large area of anomalous uranium. Low-grade deposit that will be very cheap to mine. If things go well, he could see this at $2. | 2010-03-11 | ||
| DON'T BUY | Atac Resources Limited | ATC-X | 1.640 | Have a very interesting system but doesn't understand exactly what it is but has some very strong high-grade mineralisation. Part of a much longer trend that they are going to be hitting pretty hard this summer. As an expiration play, it's great but the valuation is pretty high. Would like it cheaper. | 2010-03-11 | ||
| Comment | Gold Bullion Development | GBB-X | 0.245 | Located in Quebec and put out a recent drill hole didn't see that they have a large disseminated deposit. However, they are very serious about mining and you are interested in small-scale mining in Quebec, it is all right. Would try to switch into something else at some point. | 2010-03-11 | ||
| HOLD | Galway Resources | GWY-X | 1.180 | One of the most mineralized districts in Columbia that he has seen in a long time. Have had trouble drilling. Need a new rig that has to go up a steep hill. There will be mining issues. | 2010-03-11 | ||
| DON'T BUY | Antioquia Gold | AGD-X | 0.340 | Located in Colombia. What he has seen of the drilling so far and the veins, it's a number of narrow erratically distributed high grade mineralisation in chopped up vein structures. Not something he would own. | 2010-03-11 | ||
| Comment | Kootenay Gold | KTN-X | 0.890 | Doesn’t think the Promontorio is a large system. Did a deal to pick up Sunshine mine in Cour De Lene, which has a decent grade deposit but the issue with a lot of the companies in this area is dilution and mining costs. | 2010-03-11 | ||
| HOLD | Fission Energy | FIS-X | 0.820 | Uranium. Had a discovery in the Athabascan basin in Saskatchewan of high-grade mineralisation. Small at 40-100 meters long by 15-30 meters wide by 20 to 50 meters deep. Very profitable if you can mind them effectively. Could be a long time before they are taken out. | 2010-03-11 | ||
| Comment | Orko Silver | OK-X | 1.450 | Pan-American Silver is buying into their Mexican deposit, which is a very encouraging sign. Hasn't gone through the numbers to see if it is reasonably valued or not. Mining costs could be high. | 2010-03-11 | ||
| Comment | Kirkland Lake Gold | KGI-T | 8.840 | Doesn't consider himself an expert on this one. Has gone through their data. Made a significant new discovery of a vein that is oblique to the main structure and is running some very good grade. Have a long history of rock problems and a very expensive mine to run because of this. | 2010-01-07 | ||
| Comment | Mag Silver Corp | MAG-T | 6.580 | One of, if not the best, silver discoveries in the past decade. Worth $10. A 66% partner made a low bid but was rebuffed in the market is waiting for the next move. He expects it will be a takeover eventually. | 2010-01-07 | ||
| BUY | Miranda Gold | MAD-X | 0.760 | Have gone up recently because they have moved into Colombia. Very intelligent business model by bringing in joint venture partners willing to spend on high risk to test targets. 9 out of 10 times they’ll come up blank but they still retain their management team. | 2010-01-07 | ||
| BUY on WEAKNESS | Radius Gold | RDU-X | 0.290 | Very good management that will do their best to make sure this works. Have a deal to build a small mine in Guatemala, which doesn't cost them anything and they get a percentage of what comes back. Have some joint ventures and projects out there. This is one to watch. Accumulate on pullbacks. | 2010-01-07 | ||
| DON'T BUY | Linear Gold Corp. | LRR-T (Dead) | 2.290 | Located in Mexico. Topography and social issues. Deposit is all right but not great. Doesn't know what the metallurgy is. Big system and likes it for its size potential but doesn't think much of it so far. Acquired a small gold project that averages 1.2 g but doesn't excite him. | 2010-01-07 | ||
| DON'T BUY | Baja Mining Corp | BAJ-T | 0.840 | Have an unusual sedimentary copper deposit in Baja California. Issues are going to rise when they get into their mining because of faults, which will bring in excess dilution. Also not positive on copper. | 2010-01-07 | ||
| BUY | Lara Exploration | LRA-X | 1.000 | Great iron project in Brazil. Good management. Also have other projects in Brazil as well as one in Peru. Just acquired Maxi Gold that is active in China, which he expects will be flipped. | 2010-01-07 | ||
| PAST TOP PICK | Mirasol Resources | MRZ-X | 2.300 | (A Top Pick Sept 25/09. Up 422.7%.) Great management. | 2010-01-07 | ||
| BUY | San Gold Corporation | SGR-T | 3.620 | Manitoba, mine is built and no permitting is required. Finding parallel structures north of the main mine and are tunnelling through rather than developing a new mine. Getting some very nice grades. | 2010-01-07 | ||
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| Comment | Chariot Resources Ltd. | CHD-T (Dead) | 0.390 | Have a low-grade copper deposit in a good location in Peru. Good asset but he doesn't know a lot about the company. Probably the next one in China's radar as a takeover. | 2010-01-07 |
