| BUY | | Axmin Inc | AXM-X | 0.940 | A real quality junior. Probably has the best exploration team working in Africa. Have a history of successes. Have good backing and will never want for money. | 2008-01-09 | |
| BUY | | Wesdome Gold Mines Ltd. | WDO-T | 1.650 | Has gone through trials and tribulations, but a lot of it is related to the Cdn$ as well as some mining issues in both their mines. Things are now stabilizing. Have had some good exploration success at Eagle River. | 2008-01-09 | |
| BUY | | Melkior Resources Inc. | MKR-X | 0.360 | Very interesting speculative situation. Original drilling was reasonably promising. They have the money to continue. | 2008-01-09 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Junior Golds - Thinks we are relatively early in the big picture of gold. Past year had a disconnect. Price of gold went up 31% and yet the juniors as a whole did very poorly. There were speculative opportunities away from gold that attracted more attention. Believes the gold price will hit $1000 and will have a salutary effect on the juniors. | 2008-01-09 | |
| Comment | | Noront Resources Ltd. | NOT-X | 3.720 | This one is tricky. The grades that they have drilled are really impressive, however it is more like a pencil and may not have enough area. He thinks it's okay, but a speculation. | 2008-01-09 | |
| BUY | | Bear Creek Mining | BCM-X | 7.500 | When the price of silver starts doing what he thinks is inevitable ($30 in the near term), it will be a takeover at a lot higher price than it is now. | 2008-01-09 | |
| BUY | | Eldorado Gold | ELD-T | 6.640 | The problem in Turkey is being solved. Likes the CEO. He has done something interesting by being one of the first people to move into China. This is a first-class gold company. | 2008-01-09 | |
| TOP PICK | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Top Picks: He has decided not to do Top Picks. This would have people rifle shooting Junior Gold stocks. Unless you have a lot of money that you can have good diversification, there is a risk by buying only one or two stocks. A lot of them are slick promotions and don't really have a lot going for them. | 2008-01-09 | |
| Comment | | Western Gold Fields | WGI-T | 3.830 | 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 | |
| HOLD | | Rubicon Minerals Corporation | RMX-T | 1.280 | Got overvalued, but came back a long way. He likes it because it is in Red Lake. Have a nice spread of properties. Good management. | 2008-01-09 | |
| Comment | | Abacus Mining & Exploration Corp. | AME-X | 0.365 | They were abutting New Gold’s (NGD-T) Ashton project. They have an interesting exploration play and have sold some rights to New Gold. A speculative situation. | 2008-01-09 | |
| BUY | | Sprott Resource Corp. | SCP-T | 1.890 | Will be investing to lever situations in good commodity plays. Stock got ahead of itself and pulled way back and is very cheap now. | 2008-01-09 | |
| TOP PICK | | Minco Mining & Metals Corp | MMM-T | 1.860 | Controls Minco Silver (MSV-T) and will be spinning out its base metals. Well cashed up. If you take away the silver and cash, it is trading at next to nothing. | 2007-04-03 | |
| TOP PICK | | African Gold Group Inc. | AGG-X | 1.720 | Very strong management. Initial drilling in Mali is very promising. Stock was crushed, but there has been no deterioration in the company. Extremely cheap. | 2007-04-03 | |
| TOP PICK | | Keegan Resources | KGN-X | 4.780 | 2 gold projects in Ghana. Just came out with good drill results on one. Not many shares outstanding. | 2007-04-03 | |
| PAST TOP PICK | | Franconia Minerals Corp. | FRA-T | 1.900 | (A Top Pick Feb 8/07. Down 2%.) Has been disappointing. Extraordinarily cheap. As a massive deposit in Minnesota. Still a Buy. | 2007-04-03 | |
| PAST TOP PICK | | Marathon PGM Corporation | MAR-T | 5.800 | (A Top Pick Feb 8/07. Up 47.7%.) Finally reflected its value. Even at this price, it barely reflects its asset value. | 2007-04-03 | |
| PAST TOP PICK | | Tri Origin Exploration Limited | TOE-X | 1.280 | (A Top Pick Feb 8/07. Up 8.3%.) Controls and Australian company, which has a massive polymetallic ore body. Also have a large virgin territory in Red Lake. | 2007-04-03 | |
| WEAK BUY | | First Gold Exploration | EFG-X | 0.180 | Will be processing tailings as well as reenergizing an open pit. Not crazy about the grades in either the tailings or the pits. Has some merits. | 2007-04-03 | |
| BUY | | Aurelian Resources Inc | ARU-T | 30.840 | Recent drilling results were spectacular. A massive ore body. Expect there will be a resource estimate before the year is out. Not concerned about the Ecuadorian aspect. | 2007-04-03 | |
| BUY | | Silver Wheaton | SLW-T | 11.230 | Has been a laggard. May be a bit of a fallout from Goldcorp’s (G-T) problems. A bit undervalued compared to its peers. | 2007-04-03 | |
| BUY | | Goldcorp Inc | G-T | 29.260 | This is a good vehicle for the next big uplift in gold. Good price. | 2007-04-03 | |
| STRONG BUY | | Melkior Resources Inc. | MKR-X | 0.540 | Has action in uranium in Quebec, nickel in Ungava and gold in Timmins. All 3 are great addresses. Good entry point. | 2007-04-03 | |
| STRONG BUY | | Tournigan Gold Corporation | TVC-X | 3.170 | Extremely bullish on uranium. Will be splitting the company into gold and uranium and this will surface some value in the gold portion. Uranium assets are in Slovakia and are severely undervalued. | 2007-04-03 | |
| BUY | | Starcore International Ventures | SAM-T | 1.040 | A producing mind and good exploration potential. Disappointed in the price action and feels they may be clearing some stock in the market. Management change is very positive. Very cheap. | 2007-04-03 | |
| BUY | | Southwestern Resources | SWG-T | 8.000 | Has acted extraordinarily poorly and he doesn't know why. Perhaps management doesn't project well. Thinks they have 5 million oz. in China, which could be proven in a feasibility study in the near future. Very cheap. Buy as a value play. | 2007-04-03 | |
| DON'T BUY | | San Gold Corporation | SGR-X | 1.140 | Not a real bull on this stock. | 2007-04-03 | |
| Comment | | Staccato Gold Resources Ltd. | CAT-X | 0.600 | Has some interesting properties in Nevada. | 2007-04-03 | |
| HOLD | | Red Back Mining Inc | RBI-T | 5.000 | In the Lundin (LUN-T) stable and they are red-hot in mining. Thinks this will become the consolidator in West Africa. | 2007-04-03 | |
| BUY | | Lake Shore Gold | LSG-T | 2.150 | Have a great gold project in west Timmins. Bought a nearby mill. This will be going into production. You'll have to be patient, but as gold prices rise, this will be one to own. | 2007-04-03 | |
| STRONG BUY | | Temex Resources Corp. | TME-X | 0.405 | Is intrigued by the silver property they have. Extremely cheap. | 2007-04-03 | |
| BUY | | Beaufield Consolidated Resources Inc. | BFD-X | 0.500 | Property near the Elinore ore body that Goldcorp (G-T) bought from Virginia (VIA-T). A beautiful land spread and will be drilling. Couple of other projects also. Quebec project has some molybdenum. Good speculation. | 2007-04-03 | |
| BUY | | Pelangio Mines Inc | PLG-T | 1.250 | Have some very good connections in Ghana, which is the best destination on the planet for gold. Also has a project at Detour Lake. A very interesting junior. | 2007-04-03 | |
| Comment | | Africo Resources Ltd. | ARL-T | 3.600 | Stock has languished, not because of a project, but because of the Congo. Spectacularly undervalued. | 2007-04-03 | |
| BUY | | Birim Goldfields Inc | BGI-T | 0.680 | A top-quality junior. Have some great projects in Ghana, but they are looking farther a field. | 2007-04-03 | |
| BUY | | Metallica Resources | MR-T | 5.910 | Just announced a high-grade copper find in Mexico. Big copper project in Chile. Terrific company. | 2007-04-03 | |
| BUY | | Pine Tree Capital Ltd. | PNP-T | 11.950 | Good, solid, closed end fund. Just had a 2 for 1 split. | 2007-04-03 | |
| TOP PICK | | Franconia Minerals Corp. | FRA-T | 2.010 | Huge poly metallic potential ore body in Minnesota. Very low grade, but has an asset value of about 5 or 6 times what the stock is trading for. Also drilling a big copper play in Arizona. Very cheap. | 2007-02-08 | |
| TOP PICK | | Tri Origin Exploration Limited | TOE-X | 1.200 | Involved with an Australian operation with a huge poly metallic ore body. Own 54% of Tri Origin Expiration in Australia that is trading at a price equivalent to $1.50 of the Canadian company, so you are buying is trading company at a third. Just raised money to drill their Red Lake property. | 2007-02-08 | |
| TOP PICK | | Marathon PGM Corporation | MAR-T | 3.940 | Have put together a large PGM (Platinum Group Metals) copper ore body in Ontario. Have 68 million tons which contain 2.75 million ounces of PGM plus a half billion pounds of copper. Very cheap. | 2007-02-08 | |
| BUY | | Beaufield Consolidated Resources Inc. | BFD-X | 0.385 | Has a very good land package in the Elianore area. Stock had a huge run and has pulled back sharply. Very cheap for a good speculation. | 2007-02-08 | |
| STRONG BUY | | QGX Ltd. | QGX-T | 1.950 | One of the cheaper stocks on the board. Totally misunderstood. It's in Mongolia, which is viewed as a problem by a lot of people. Have a terrific coal property. Feels there will be some sort of transaction on the coal project which will validate the under valuation of the Company. | 2007-02-08 | |
| HOLD | | Gold Eagle Mines Ltd. | GEA-T | 8.200 | There is supposedly a lot of ounces in their Redlake project. The problem is, it's very deep. Still likes, but it is no longer risk free. | 2007-02-08 | |
| HOLD | | Frontier Pacific Mining Corp. | FRP-X | 0.710 | Partnered with Solex Resources (SOX-X) in southern Peru in an interesting uranium play. Prefers this one as they have half the play as well as a wonderful gold project. | 2007-02-08 | |
| HOLD | | Petaquilla Minerals Ltd. | PTQ-T | 2.170 | This flies under the radar. They are planning to spin their copper off. Have an interesting gold property that still doesn't have enough ounces on it, but it is showing well. | 2007-02-08 | |
| BUY | | Intrepid Minerals Corporation | IAU-T | 0.500 | Bane of his existence. Had the right backing, great exploration play and a resource in Argentina. Then acquired a producing mine in Australia that has been nothing but a headache. Making it worse, they have a hedge, which consumes cash. It has now reached a level where it is clearly in buying range. | 2007-02-08 | |
| PAST TOP PICK | | Genco Resources Ltd. | GGC-T | 2.840 | (A Top Pick Nov 30/06. Up 2%.) Great silver play in Mexico. Still likes. | 2007-02-08 | |
| PAST TOP PICK | | Southwestern Resources | SWG-T | 7.550 | (A Top Pick Nov 30/06. Down 9.7%.) Still buying. One of the great generators of mining projects. Looking for it to be taken out in the next couple of years. | 2007-02-08 | |
| PAST TOP PICK | | Wesdome Gold Mines Ltd. | WDO-T | 1.880 | (A Top Pick Nov 30/06. Down 12.8%.) Has 2 operating mines and will be premium value when the gold price goes up sharply. | 2007-02-08 | |
| BUY | | African Gold Group Inc. | AGG-X | 1.990 | Operating in Kenya and Mali Good management. Most promising project is in Mali. Extraordinarily cheap. | 2007-02-08 | |
| BUY | | Orvana Minerals | ORV-T | 0.670 | Undervalued because of fears that Bolivia will nationalize the mine. Doesn't feel this will happen. Should have enough cash by October to justify the current stock price and the upper mineralisation zone, on net asset value, is also worth the current price plus they have the existing mine. Extraordinarily cheap. | 2007-02-08 | |
| BUY | | Melkior Resources Inc. | MKR-X | 0.350 | Has an excellent package of properties with gold, uranium and nickel. A really good stock. | 2007-02-08 | |
| BUY | | Maxy Gold Corp. | MXD-X | 0.870 | Good representation of what’s been going on in the junior gold space. Well promoted ones have done spectacularly well while others, even with good projects, are wasting away. This falls in the latter group. Good project in China. Very cheap. | 2007-02-08 | |
| BUY | | Buffalo Gold Ltd. | BUF-X | 1.240 | Has a good project in Papua New Guinea. Drilling results have been very promising. | 2007-02-08 | |
| HOLD | | Queenstake Resources (merged to Yukon-Nevada Gold) | QRL-T | 0.200 | Merging with YGC Resources (YGC-T). This has been a very disappointing stock. They couldn't operate their mine successfully. Great land package. Wouldn't buy at this time until you see what happens. | 2007-02-08 | |
| Comment | | Solex Resources | SOX-X | 1.270 | Partnered with Frontier Pacific Mining (FRP-X) in southern Peru in a very interesting uranium play. Prefers Frontier Pacific as they have half the play as well as a wonderful gold project. | 2007-02-08 | |
| HOLD | | Great Panther Resources Ltd | GPR-T | 2.120 | Missed their production targets by over promising and under delivering. Still has great confidence in management and think they can get on top of the problems. Good silver projects. | 2007-02-08 | |
| HOLD | | Gold-Ore Resources Ltd | GOZ-X | 0.720 | Have an interesting project in Sweden. There are great people behind this one. | 2007-02-08 | |
| BUY | | Glencairn Gold | GGG-T | 0.620 | Have 2 producing mines, one in Costa Rica and one in Nicaragua. Going forward, producing mines will be important, as there is a huge shortage of personnel, so it will be difficult and costly to build new mines. Good price. | 2007-02-08 | |
| BUY | | Eldorado Gold | ELD-T | 6.990 | Has highest admiration for management. Have good book of assets. Have no concerns with their Turkish operations. | 2007-02-08 | |
| SELL | | Cumberland resources Inc | CLG-T | 7.040 | Building mines in northern Canada is going to become a very costly process. Has been a great stock, but there are better opportunities on a risk/reward bases. | 2007-02-08 | |
| DON'T BUY | | Northgate Minerals Corp. | NGX-T | 4.300 | Not a great fan of this company. People running it have done a great job. Benefited hugely from copper, which is now coming back to earth. Would rather be in gold plays than copper. | 2007-02-08 | |
| DON'T BUY | | San Gold Corporation | SGR-X | 1.120 | The mine in Manitoba has failed under everybody else's sponsorship, so he is sceptical. | 2007-02-08 | |
| Comment | | StrataGold Corp. | SGV-T | 1.150 | Really likes the geology in Guyana. Have a relationship with Newmont Mining (NEM-N) and wouldn't be surprised if they had a significant ore body which was eventually taken over by Newmont. | 2007-02-08 | |
| BUY | | CMQ Resources Inc. | CMQ-X | 0.445 | An interesting one. So far, it has been a massive failure as a stock. Has an interesting land package in Nevada. At these prices, he likes the stock very much. | 2007-02-08 | |
| WEAK BUY | | Iamgold Corp | IMG-T | 10.110 | Now it has become an operator, which is good. Their big exploration project is in Ecuador with a government that is a little questionable. There is nothing in this stock that turns him on other than that it is not expensive. | 2007-02-08 | |
| BUY | | Iamgold Corp | IMG-T | 10.980 | Was disappointed when they paid such a hefty premium for Cambrior, but now that it has shaken out, it may actually be an accretive acquisition. Not a bad package. | 2006-11-30 | |
| DON'T BUY | | Queenstake Resources (merged to Yukon-Nevada Gold) | QRL-T | 0.260 | Has been an enormous disappointment. A high cost mine and they cannot operate profitably in the current gold price. Dead money unless gold shoots up. | 2006-11-30 | |
| BUY | | Southern Star Resources | SSR-T | 6.050 | Merging with Exall Resources (EXL-T), which is good. Could end up as a takeover target. | 2006-11-30 | |
| BUY | | Intrepid Minerals Corporation | IAU-T | 0.830 | Acquired New Star in Australia. Paulsens mine which came with the acquisition and is not running a smoothly as they would like. Earnings where a little disappointing. Had to do an issue. Still likes the Australian production and South American exploration upside combination. Oversold and is cheap. | 2006-11-30 | |
| BUY | | Comaplex Minerals | CMF-T | 3.300 | Likes management, which gives him a great deal of confidence in the company. Have a project in Nunavut that has great promise along with a Mexican project. | 2006-11-30 | |
| BUY | | Exall Resources Ltd. | EXL-T | 3.350 | Merging with Southern Star Resources (SSR-T), which is good. Could end up as a takeover target. | 2006-11-30 | |
| TOP PICK | | Southwestern Resources | SWG-T | 8.470 | Has done poorly in the last couple of years, possibly because management has thinned out. Just reported very good results. Because their market cap has shrunk, they may be cut out of the TSX index. | 2006-11-30 | |
| TOP PICK | | Wesdome Gold Mines Ltd. | WDO-T | 2.280 | Have finally got their act together. Have 2 operating mines. One near Wawa Ont. which is finally churning out a good solid profit. Just getting their Val Dor mine up to speed. Both mines will be producing for years and years. | 2006-11-30 | |
| PAST TOP PICK | | Marathon PGM Corporation | MAR-T | 3.830 | (A Top Pick Aug 1/06. Down 6.3%.) An extraordinarily cheap stock. Has a palladium property in northern Ontario. There is some thought that palladium may be overpriced. If not, the price on this is ridiculous. | 2006-11-30 | |
| TOP PICK | | Genco Resources Ltd. | GGC-T | 2.800 | One of his favourite silver stocks. Properties in Mexico. Good management. Expecting good results when they drill up. | 2006-11-30 | |
| PAST TOP PICK | | Reunion Gold Corporation | RGD-X | 1.850 | (A Top Pick Aug 1/06. Up 40.6%.) Have a heck of a prospect, but haven't got the drills going yet. Good group of guys behind it. Still a Buy. | 2006-11-30 | |
| PAST TOP PICK | | Minera Andes Inc. | MAI-T | 1.630 | (A Top Pick Aug 1/06. Up 22.5%.) Likes this one very much. A very sound situation. | 2006-11-30 | |
| DON'T BUY | | Kinross Gold | K-T | 14.340 | It has the brand name that when gold goes up, it will attract buyers. Fairly large production profile. Feel they overpaid when acquiring Bema (BGO-T). Most of their mines qualities are terrible. | 2006-11-30 | |
| DON'T BUY | | Goldcorp Inc | G-T | 35.710 | Paid too much for Glamis Gold, but ended up with a good management team. He can get more leverage with other companies. | 2006-11-30 | |
| DON'T BUY | | Crystallex International | KRY-T | 4.280 | Hasn't liked this one. A low-grade ore body in Venezuela. Venezuela is a huge risk. Easier ways to make money. | 2006-11-30 | |
| HOLD | | Semafo Inc | SMF-T | 1.810 | Has been operating 2 mines and western Africa and has had problems. You more money so did more issues, which diluted the stock. Likes the projects but it has been disappointing. Operating costs are high. | 2006-11-30 | |
| BUY | | Lake Shore Gold | LSG-T | 1.640 | Surprised that it is as a weak as it is. Risk/reward at this price, is excellent. | 2006-11-30 | |
| BUY | | Full Metal Minerals Ltd. | FMM-X | 2.500 | Has a land package in Alaska, which is truly impressive. Will be drilling in the spring. | 2006-11-30 | |
| BUY | | Esperanza Silver | EPZ-X | 3.940 | Big discovery in Peru. Silver Standard Resources is in a position to get 80% of it, so it seems reasonable they might buy this company out. | 2006-11-30 | |
| BUY | | Silver Standard Resources Inc. | SSO-T | 35.500 | Has 80% of a big discovery in Peru with Esperanza (EPZ-X). | 2006-11-30 | |
| DON'T BUY | | Yamana Gold Inc. | YRI-T | 14.740 | They have done a fantastic job of captivating their audience. Feels the majority of their minds are 2nd rate. Earnings are not living up to expectations. | 2006-11-30 | |
| DON'T BUY | | Glencairn Gold | GGG-T | 0.550 | Operating 2 mines in Central America. Having the same problems that so many companies operating 2nd class mines are having, not making any money. When the gold price eventually rises to where it should be, it will make money. | 2006-11-30 | |
| BUY | | Rubicon Minerals Corporation | RMX-T | 1.040 | A hell of a buy. It's going to split up 3 ways and there’s going to be a slug of assets. Copper play in the Congo, which is under priced, Red Lake operations and another operation in Newfoundland. The three packages will be worth more than the whole right now. | 2006-11-30 | |
| BUY | | Nautilus Minerals Inc. | NUS-T | 4.200 | Intrigued that they can scoop material off the bottom of the ocean floor and extract gold. An intriguing speculation. | 2006-11-30 | |
| HOLD | | North Atlantic Resources | NAC-T | 1.900 | Has been disappointed. A classic case of over promising and under delivering. They have kept the market cap pretty tight, so not a lot of shares are outstanding. | 2006-11-30 | |
| DON'T BUY | | Century Mining Corp | CMM-X | 0.690 | Not a great admirer of management's track record. | 2006-11-30 | |
| DON'T BUY | | Richmont Mines Inc. | RIC-T | 3.050 | Sold all his holdings. Doesn't like any of their operations. Better opportunities elsewhere. | 2006-11-30 | |
| BUY | | Rainy River Resources Ltd | RR-X | 6.100 | Getting some terrific results. Could be one of the great expiration plays in the Canadian scene. | 2006-11-30 | |
| BUY | | Axmin Inc | AXM-X | 0.990 | Extremely enthusiastic about this company. Run by people with a huge record of success in Africa. Probably the best exploration team in all of Africa. | 2006-11-30 | |
| BUY | | Minco Mining & Metals Corp | MMM-T | 1.890 | A company he had recommended in Investors Digest recently. He likes it very much. A resource of 113 million oz. in China. | 2006-11-30 | |
| BUY | | Pelangio Mines Inc | PLG-T | 1.210 | Besides their Detour Lake in Ontario, they have a really interesting prospect in Ghana. A great package. | 2006-11-30 | |
| HOLD | | Carpathian Gold Inc. | CPN-T | 0.650 | A lot of potential ounces, but quite low grade. A big system. In a higher gold price environment, it will attract more attention. | 2006-11-30 | |
| WEAK BUY | | High River Gold Mines | HRG-T | 2.400 | First class management. Nervous about Russia. Likes their assets in West Africa and Burkina Faso. If they could do something about their Russian operation, such as sell or get more partners, he would be more comfortable. | 2006-11-30 | |
| WEAK BUY | | First Majestic Silver | FR-T | 4.490 | Didn't really like the project, but the stock went crazy. Has now come back to earth, but he still does not like the project. | 2006-11-30 | |
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