| TOP PICK | | AltiusMinerals Corp | ALS-T | 13.710 | Planning on building a refinery in Placentia's Bay in Newfoundland. There hasn't been a new refinery built in North America in more than 30 years. Existing refineries cannot cope with the amount of heavy, sour crude, which means their output of gasoline and diesel is falling. This refinery will be the most advanced in the world and approximately the 8th largest. Specifically designed to refine heavy, sour crude. | 2008-04-16 | |
| DON'T BUY | | St Andrew Goldfields Ltd. | SAS-T | 0.370 | Trying to put a Timmins’ gold mine into production. Less about $100 million last year and $75 million the year before. Balance sheet is not in very good shape. | 2008-04-16 | |
| Comment | | Nevada Geothermal Power Inc. | NGP-X | 1.170 | Developing A geothermal project in Nevada. Well advanced in the production of the project. Has his eye on it and would be quite interested in buying it back again at some future point. A fantastic project. | 2008-04-16 | |
| Comment | | San Gold Corporation | SGR-X | 1.490 | Have an operating gold mine and last year made a discovery called the Hinge zone, which has some very spectacular gold grades in it. Have the potential to substantially increase their resource base. His only caution is that gold rose 50% from August of last year so your risk relies on the price of gold. | 2008-04-16 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: - Likes gold as an investment. Believes he can calculate the value just by looking at the relative inflation rate of the US$ versus the inflation rate of gold. Based on this, gold at $900 to $1000 is fair value. Inflation rate in the US, measured by M3, is rising by 17% year over year, which bodes very well for the gold price. What concerns him is the 50% rise from last August, which could result in a short-term contraction. | 2008-04-16 | |
| DON'T BUY | | Stikine Gold Corp. | SKY-X | 0.090 | Finds this group to be overly promotional. Had a good run but totally collapsed again in price. Has a lot of stock outstanding. | 2008-04-16 | |
| Comment | | Canplats Resources Corp | CPQ-X | 3.200 | Made a very interesting discovery in Mexico. Initial resource, which is sitting right at surface, is an oxide cap, has the potential to be anywhere from 1 to 3 million ounces. A few deep holes going into the sulphide zone shows there are grades in the sulphide. Has the potential to go a lot higher but will need more drill holes. Top stock on his radar screen. | 2008-04-16 | |
| DON'T BUY | | Yukon-Nevada Gold Corp. | YNG-T | 1.570 | Recently bought the Jerritt Canyon operations in Nevada. Very marginal operation so if gold had a substantial rally, this is something that could turn out a lot of cash flow, but it is so marginal that even in today's price, he doesn't know if they are making money. Too risky. Jerritt Canyon has seen its heyday. | 2008-04-16 | |
| DON'T BUY | | Crosshair Exploration & Mining Corp. | CXX-T | 0.840 | Uranium price is down 50% from its highs and he doesn't think the worst is over. This company has 2 problems. The decline in the uranium prices as well as the moratorium on uranium exploration and mining in Labrador. | 2008-04-16 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The credit market problems are very serious and profound. US Banks only have a small fraction of clients’ money in their accounts. Bank rules say they each have to have a certain percent in their vaults but because of daily transactions they may not have it so borrow from each other at the end of the day. December credit scare happened because banks had to borrow 36% of the money they were supposed to have. The highest borrowings since March 1933 when it was 46%. Last month, they borrowed over 100%, which means they have nothing. He is buying physical gold. Although your money is insured, it is only for a very small amount. Doesn't know Canadian bank requirements. | 2008-02-05 | |
| HOLD | | AltiusMinerals Corp | ALS-T | 19.710 | If there is a decline in crude prices, expect refining margins to come down too. This is the reason for the drop but it is a much-needed commodity. Not sure if they can finance the refinery but holding for the long-term. Superb management team. If it falls another 50%, he will add to his position. | 2008-02-05 | |
| SELL | | Eastern PlatinumLtd. | ELR-T | 3.040 | Developing a platinum project in South Africa. South Africa is undergoing a very serious energy crisis and this has hit the mining sector, which could take a long time to fix. Platinum is currently at sky-high prices and any slowdown will bring commodity prices down. | 2008-02-05 | |
| HOLD | | Miranda Gold | MAD-X | 0.670 | Liquidated a lot of his portfolio 2 weeks ago. 4 junior exploration companies he did not sell because of superb management teams. Miranda (MAD-X), Rimfire Minerals (RFM-X),Alteus (ALS-T), Kaminak (KAM-X) and Mirasol Resources (MRZ-X). If they fall another 50% in price, he will add to his position. | 2008-02-05 | |
| HOLD | | Rimfire Minerals Corp. | RFM-X | 1.200 | Liquidated a lot of his portfolio 2 weeks ago. 4 junior exploration companies he did not sell because of superb management teams. Miranda (MAD-X), Rimfire Minerals (RFM-X),Alteus (ALS-T), Kaminak (KAM-X) and Mirasol Resources (MRZ-X). If they fall another 50% in price, he will add to his position. | 2008-02-05 | |
| HOLD | | Kaminak Gold Corp. | KAM-X | 0.640 | Liquidated a lot of his portfolio 2 weeks ago. 4 junior exploration companies he did not sell because of superb management teams. Miranda (MAD-X), Rimfire Minerals (RFM-X),Alteus (ALS-T), Kaminak (KAM-X) and Mirasol Resources (MRZ-X). If they fall another 50% in price, he will add to his position. | 2008-02-05 | |
| HOLD | | Mirasol Resources | MRZ-X | 0.470 | Liquidated a lot of his portfolio 2 weeks ago. 4 junior exploration companies he did not sell because of superb management teams. Miranda (MAD-X), Rimfire Minerals (RFM-X),Alteus (ALS-T), Kaminak (KAM-X) and Mirasol Resources (MRZ-X). If they fall another 50% in price, he will add to his position. | 2008-02-05 | |
| DON'T BUY | | Lake Shore Gold | LSG-T | 1.790 | Doesn't own and would not buy at this time. | 2008-02-05 | |
| SPECULATIVE BUY | | Sprott Resource Corp. | SCP-T | 2.060 | There are 2 commodities in the commodity sector that are still steaming hot. Coal and potash. This company owns 1 of each. This is a very interesting speculation if you believe coal prices are going to hold up. Looking at this one again. | 2008-02-05 | |
| HOLD | | Wildrose Resources | WRS-X | 0.650 | Has been disappointing over the last 12 months because of the rate they were releasing drill results. Has also suffered because of the credit markets. This is his leveraged speculation on the gold price going up. In a good jurisdiction and has good infrastructure. Low grade, which means it's very leveraged to gold. He is still optimistic that this will turn into a winner. | 2008-02-05 | |
| TOP PICK | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Physical gold. Gold is one of the most liquid markets in the world. You can rapidly convert your gold back into paper money. The only game here is to preserve your capital. If assets get cheaper, you want to have buying power. | 2008-02-05 | |
| TOP PICK | | CASH | CASH | 31.090 | Canadian treasury bills are a good example of this. The only game here is to preserve your capital. If assets get cheaper, you want to have buying power. | 2008-02-05 | |
| Comment | | Lara Exploration | LRA-X | 0.800 | He sold his holdings when he was liquidating most of his portfolio. No reflection on the company. A great company. | 2008-02-05 | |
| HOLD | | Benton Resources | BTC-X | 1.500 | It's done extremely well over the last few years. Would wait and see how the exploration develops before buying. Would also wait for a better price. | 2007-08-31 | |
| Comment | | Northland Resources | NAU-T | 4.160 | Has control over a very large portfolio of land straddling the Sweden/Finland border. Developing iron deposits that are rich in copper and gold. Moving one of their deposits towards a feasibility study with the hope of putting it into production. Well fi | 2007-08-31 | |
| DON'T BUY | | Cadiscor Resources Inc. | CAO-X | 0.600 | Doesn't appear as though their gold deposits are large enough to justify a wide following. | 2007-08-31 | |
| Comment | | Rubicon Minerals Corporation | RMX-T | 1.680 | A very early stage grassroots exploration company. Large market cap, so even if they were to make a major discovery he is not interested. | 2007-08-31 | |
| WATCH | | Linear Gold Corp. | LRR-T | 2.200 | Have done a tremendous job at their Mexican project with some very good discoveries. Stock is dropping because of metallurgical questions that have to be answered. On his radar screen. | 2007-08-31 | |
| TOP PICK | | AltiusMinerals Corp | ALS-T | 19.250 | Developing a refinery in Newfoundland of which they owned 37.5%. Feasibility study has been completed. Waiting for environmental permits, expected in October. It will be the 8th largest and most advanced refinery globally. High risk/high reward. | 2007-08-31 | |
| TOP PICK | | Wildrose Resources | WRS-X | 1.100 | Gold. Own 30% of the Spanish mountain deposit in B.C. He believes gold will start moving up to over $1000 an ounce in the next few years. | 2007-08-31 | |
| TOP PICK | | General Minerals Corporation | GNM-T | 2.550 | This will become a resource investment company managed by Sprott Asset Management. As close as you're going to get to getting in on the ground floor with Eric Sprott and a new business. | 2007-08-31 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Molybdenum: - In the short term, he expects a lot of volatility because that is what we will get in all of these markets. In the very long term, expect demand increases. This is a very good metal to use in alloying steels. It imparts numerous, very benef | 2007-08-31 | |
| BUY | | Miranda Gold | MAD-X | 1.160 | Superbly managed company. If they drill on all the projects they anticipate drilling, they should have about 37,000 feet of drilling, so there should be news this year and into next. | 2007-08-31 | |
| WEAK BUY | | Merc International Minerals | MRK-X | 0.620 | Has had trouble getting traction. This is one you should bargain hunt for in the $0.10-$0.20 range and hope they come up with some new idea post uranium. | 2007-08-31 | |
| Comment | | Northland Resources | NAU-T | 4.450 | Acquired a very large land position between Sweden and Finland on which there are numerous copper/iron deposits and iron oxide gold deposits. Very well financed. As long as iron price holds up, it should do fairly well. He is concerned about metal commodity prices. | 2007-07-06 | |
| TOP PICK | | AltiusMinerals Corp | ALS-T | 20.710 | Permitting a refinery in Newfoundland. It will be the 8th largest refinery in the world. Specifically designed to deal with heavy sour crude. It will have the highest refining margins in the world. | 2007-07-06 | |
| SELL | | Northern Dynasty Minerals Ltd | NDM-T | 13.450 | A superb technical group. They have one of the largest undeveloped mineral deposits in the world. Copper is a major portion of this deposit and he is bearish on copper. | 2007-07-06 | |
| TOP PICK | | Wildrose Resources | WRS-X | 1.360 | Owns 30% of the Spanish Mountain deposit and Skygold Ventures (SKV-X) owns the other 70%. Thinks there is about 1.5 million oz. of gold. Hoping they can move it up to 2 million and there is potential for even more. Has tremendous leverage to the gold price. Very speculative. | 2007-07-06 | |
| HOLD | | Lara Exploration | LRA-X | 1.250 | Managed by a very competent team. Product development has been slow. Early-stage grass-roots exploration. Very risky. | 2007-07-06 | |
| Comment | | Quest Capital Corp. | QC-T | 2.960 | Merchant banking. He’s been liquidating his position over the last few months as they are moving into the real estate sector, which has reduced their earnings. Superbly managed. If you want 10% earnings with a 3% dividend, it's a good stock. | 2007-07-06 | |
| BUY | | Mirasol Resources | MRZ-X | 0.990 | Small exploration company. Operates in Argentina and Chile. Have very large land position. They use joint venture partners to fund explorations. | 2007-07-06 | |
| TOP PICK | | Miranda Gold | MAD-X | 1.270 | Junior exploration gold. Operates exclusively in Nevada. Have one of the most competent geological exploration teams in all of Nevada. They use joint venture partners to fund explorations. | 2007-07-06 | |
| WATCH | | Linear Gold Corp. | LRR-T | 3.410 | Made a very nice discovery in Mexico. Stock ran up but has been pulling back quite severely. If copper falls, gold prices might fall as well, and if so, this is on his list as a Buy. | 2007-07-06 | |
| STRONG BUY | | Mirasol Resources | MRZ-X | 1.060 | Just bought a whole lot. A superb portfolio of products. They do what he likes, that is, they generate ideas, and then get others to come in and fund the exploration. Focused in Argentina in the Santa Cruz province... a very good company.
Risk is large, as it's junior exploration. But feels it will do very well over 5 years. | 2007-05-31 | |
| Comment | | Premier Gold Mines | PG-T | 2.150 | The company has a lot of potential. Good management, solid assets, joint venture with Gold Corp and several others, and an enviable land position for the Red Lake district. Some discoveries on the land already.Has always been tempted to buy, but their development strategy is not where his goals are. He likes to get companies that are partners to do the drilling. | 2007-05-31 | |
| BUY | | Radius Gold | RDU-X | 0.620 | Has lagged considerable. The president of radius is focused. Probably one of the better times in the past year to buy this stock. | 2007-05-31 | |
| Comment | | Lundin Mining Corp. | LUN-T | 13.040 | Bearish on copper and nickel, and feels this stock will go down because of it. Believes that the demand is overstated, and the copper and nickel is in surplus.Superb management team. This is the type of company that can get bought up. They are building it to sell it. | 2007-05-31 | |
| DON'T BUY | | Queenstake Resources (merged to Yukon-Nevada Gold) | QRL-T | 0.165 | Busy with a merger. Believes cost structure is problematic. | 2007-05-31 | |
| WATCH | | Iamgold Corp | IMG-T | 7.800 | Good company, has some very good assets. Some political worries in Equidor are keeping the stock down. Could go up to $11 by the end of the year, but he's staying out. | 2007-05-31 | |
| WATCH | | Formation Capital Corp | FCO-T | 0.870 | Waiting for results of feasibility study of hydro-metallurgical process in regards to a cobalt deposit. Results should be in June. | 2007-05-31 | |
| PAST TOP PICK | | Lara Exploration | LRA-X | 1.210 | It is a new, very young exploration company. It's down, but it's not due to anything wrong, just nothing happening. If you have a lot of patience (years) it will make you money. | 2007-05-31 | |
| PAST TOP PICK | | Miranda Gold | MAD-X | 1.310 | Down because of an absence of news. He's hoping it goes lower, so he can buy more. Will buy at around $1.20 Was almost his top pick.
Great management. If he didn't own it, he would buy at current prices ($1.37). | 2007-05-31 | |
| PAST TOP PICK | | Rimfire Minerals Corp. | RFM-X | 2.060 | Very focused on a particular business model. They have been invited to Nevada, and Australia, and are considered very highly. However there's been no news of late.
He likes the management team, his strategy is to select a management team you like, buy it, and average down. (Buy on lows to reduce the average cost of your total investment).
(Then $1.85)
| 2007-05-31 | |
| BUY | | Mansfield Minerals Inc. | MDR-X | 3.490 | Has an interesting gold project in Argentina. If you are looking for development stage projects this is a good one to get into. He is OK with political problems in Argentina. | 2007-05-31 | |
| Comment | | Northern Dynasty Minerals Ltd | NDM-T | 13.550 | A monster big undeveloped deposit. There are permit issues. Thinks it may be a takeover target, by a consortium of companies.He's bearish on copper, so he's not interested, but if you are bullish on copper then it's a good one to get into. | 2007-05-31 | |
| DON'T BUY | | Franconia Minerals Corp. | FRA-T | 3.950 | Has a project in Minnesota where you typically find large low grade, poly-metallic minerals. Which means a mixture of copper, nickel, platinum, palladium, gold etc. This increases the recovery costs. Buy when metal prices are down, (which gives more potential for up side). | 2007-05-31 | |
| BUY | | Quest Capital Corp. | QC-T | 3.210 | Has recently sold because he thinks the rate of growth will come down. They've started focusing on real-estate, and he thinks that next year they will start having to pay taxes. Rising interest rates is good for Quest.
Is a very good stock for RRSP's and you want something solid. | 2007-05-31 | |
| DON'T BUY | | Goldcorp Inc | G-T | 25.730 | Cost of producing gold for them is dependent on the cost of producing copper which they use as a credit against their gold mining. If copper goes down, then their gold cost will go up.
| 2007-05-31 | |
| DON'T BUY | | Uranium Participation Corp. | U-T | 16.010 | Thinks that the price of uranium can go higher, the chart looks parabolic which is a warning sign that it's time to get out. | 2007-05-31 | |
| TOP PICK | | AltiusMinerals Corp | ALS-T | 12.900 | Amazing management team. Are working on the 8th largest refinery in the world, which is specifically made to handle the crude that is being extracted now. Previous refineries were created to handle "light sweet crude", which is no longer being extracted. He's very excited about this one. | 2007-05-31 | |
| DON'T BUY | | Everton Resources | EVR-X | 0.900 | Bought because he likes the properties. The drill results show that it won't be easy. So he's out now. | 2007-05-31 | |
| WEAK BUY | | Sirva Inc | SIR-N | 2.850 | The big move is behind us. But there is still some upside. | 2007-05-31 | |
| SELL | | Strateco Resources | RSC-N | 3.140 | Made a really good uranium discovery, and there are targets left to be tested. It's not deep and it's high grade.
He sold, only because he thinks it's time to get out of uranium. Otherwise he would still be there. | 2007-05-31 | |
| TOP PICK | | Rimfire Minerals Corp. | RFM-X | 2.060 | They need to make a discovery to make the upside. They have a lot of loyal shareholders and when they do make a discovery it will be very good. He's
"prepared to hold it forever."
Sit patiently over the summer and buy it.
| 2007-05-31 | |
| TOP PICK | | Wildrose Resources | WRS-X | 1.240 | Is his single largest position. Is the core of his gold leverage at the moment.
Management is good, Bob Sing is the "star". | 2007-05-31 | |
| Comment | | Cameco Corporation | CCO-T | 45.250 | Sceptical on the optimists on Cigar Lake. This company had a similar flooding at MacArthur River 3 years ago. Thinks it will take a long time for them to figure out how to deal with this. | 2007-01-16 | |
| TOP PICK | | Mirasol Resources | MRZ-X | 1.000 | Operate in Argentina. Very competent technical team. Use joint venture partnerships to work their findings. | 2007-01-16 | |
| TOP PICK | | Quest Capital Corp. | QC-T | 3.260 | (A Top Pick Aug 16/06. Up 9.8%.) Personal shareholders in their company. Bridge loan lending they developed in the resource sector and are now using in real estate too. Expecting them to be bought out. Trades at about 11 X earnings. | 2007-01-16 | |
| TOP PICK | | Miranda Gold | MAD-X | 1.920 | (A Top Pick Aug 16/06. Up 24.7%.) Have a whole portfolio of projects in Nevada joint venture partners. In partnership with Barrick (ABX-T) where they pulled a very good hole. Offset holes will be drilled by Barrick this year. | 2007-01-16 | |
| PAST TOP PICK | | Transatlantic Petroleum Corp. (U) | TNP-T | 0.830 | (A Top Pick Aug 16/06. Down 31.4%.) A very volatile stock. Trades between $.70 and $1.20. Good buy at this price range. They have a project where oil was pumped out and a gas cap was left. They are trying to drill a new well to test the gas cap theory. If successful, they will do extremely well. High risk. | 2007-01-16 | |
| WATCH | | Palmarejo Silver and Gold Corp. | PJO-X | 8.650 | An interesting company in that they discovered a large and reasonably robust gold/silver play in Mexico. These lower grade deposits debuts substantially more leverage to any increase in the gold price. The type of companies that could be bought out one day. | 2007-01-16 | |
| HOLD | | Linear Gold Corp. | LRR-T | 4.800 | Continue to come out with good results from their Ixhuatan project in Mexico. Has a suspicion that we haven't seen the last of the good results from this. Good management. | 2007-01-16 | |
| BUY | | Wolfden Resources Inc | WLF-T | 2.720 | Commodity play and he is bearish on commodities. The only base metal stock that he owns. Cheap at today's price. If weaker copper prices pushed the price of the stock down, he would buy more. Tough to find deposits like they have. | 2007-01-16 | |
| WATCH | | Eastmain Resources Inc | ER-T | 0.790 | Azimut (AZM-X) and Eastmain (ER-T) just announced good results in the Eleonor, James Bay region. Likes the area a lot. One to keep an eye on. | 2007-01-16 | |
| Comment | | Azimut Exploration Inc. | AZM-X | 4.710 | Azimut (AZM-X) and Eastmain (ER-T) just announced some results if you are interested in the Eleonor, James Bay region. | 2007-01-16 | |
| HOLD | | Everton Resources | EVR-X | 1.320 | In a trading range. To go higher, it either needs, preferably a discovery or an increase in the price of gold. Should be drilling this year, but they need the lakes to freeze up for this. It is an area play around the discovery that Virginia Gold made on the deposit called Eleonor in the James Bay region. | 2007-01-16 | |
| PARTIAL BUY | | Serengeti Resources | SIR-X | 1.250 | Very competent management on the technical side, but not an aggressive promoter. Good findings of copper/gold on a recent drill hole. Would like to see more holes. Suggests that you buy a few stocks and either add or detract later on. High-risk speculation. | 2007-01-16 | |
| Comment | | Aurelian Resources Inc | ARU-T | 31.890 | He made an estimate and breaking the company up into a high-grade section and low-grade section, calculated that it could fit somewhere between $40-$60. The complicating factor is Ecuadorian politics which is a bit of an uncertainty. | 2007-01-16 | |
| DON'T BUY | | Southwestern Resources | SWG-T | 8.100 | Have a project in China called Boka that received a lot of media attention a few years ago. Initially, it looked very large with very good economics. He feels the economics and it are going to be tough. | 2007-01-16 | |
| BUY | | Endeavour Silver Corp. | EDR-T | 4.420 | Likes the company a lot. It is a gold/silver mining company and are in production in Mexico. He owns it because of the exploration potential in the district. They are consolidating the land around their mine. Historical workings have only gone down to the water level which leaves a lot of room for exploration. | 2007-01-16 | |
| BUY | | Radius Gold | RDU-X | 0.470 | Good management team. Lots of cash in the bank. Low price. | 2007-01-16 | |
| SELL | | Northern Star Mining | NSM-X | 1.190 | Likes the deposit and have done a good job on the exploration but have not done a good job on protecting the capital structure. Excessive dilution. Doesn't think they look after shareholders well enough. | 2007-01-16 | |
| SELL | | Century Mining Corp | CMM-X | 0.590 | They are putting a mine in production close to Val Dor and he doesn't think they have enough reserves delineated so it is a very high-risk project. | 2007-01-16 | |
| SELL | | Beaufield Consolidated Resources Inc. | BFD-X | 0.365 | Likes the management. A James Bay area play. Didn't have good initial results. There are better ones out there. | 2007-01-16 | |
| TOP PICK | | Miranda Gold | MAD-X | 1.860 | (A Top Pick Sept 19/06. Up 42.4%.) Favourite exploration company in Nevada. Superb management team. Recently made a joint discovery with Barrick (ABX-T). Very exciting. | 2006-12-13 | |
| TOP PICK | | AltiusMinerals Corp | ALS-T | 9.900 | A joint venture company. Currently proposing to build a new refinery in Newfoundland. Capital cost of $4.6 billion and they own 37% pre-financing. Post-financing, if they end up with 10%, the stock could triple. | 2006-12-13 | |
| TOP PICK | | Lara Exploration | LRA-X | 1.390 | Main focus is Brazil. They get joint venture partners to work on the project. Only put the company together in January, so it’s early stages. Highly competent management. A 3-5 year hold. | 2006-12-13 | |
| PAST TOP PICK | | AuEx Ventures | XAU-T | 1.980 | (A Top Pick Sept 19/06. Up 19.8%.) Made a good discovery in Long Canyon Nevada. One to keep an eye on. | 2006-12-13 | |
| PAST TOP PICK | | Rimfire Minerals Corp. | RFM-X | 1.960 | (A Top Pick Sept 19/06. Up 20.6%.) Superbly managed. Assets in Alaska, British Columbia, Nevada and are expanding into Australia. | 2006-12-13 | |
| HOLD | | Strateco Resources | RSC-N | 2.660 | The last of his uranium stocks and would have got out of this except for the loss of uranium through the flooding of Cigar Lake. Have a very large land position in the Matoush Basin, Quebec. Findings are very shallow and high grade. Has a lot of upside if they can continue to develop it as a production profile. | 2006-12-13 | |
| Comment | | Western Gold Fields | WGI-T | 1.950 | Doesn’t invest in development projects. They are developing the Mesquite mine in California. Competent, experienced management. Low-grade deposit. Will move up with gold as it is in the US. Believes California has a high political risk and is not mining friendly. | 2006-12-13 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: - Gold price will move up because the US$ is going to go down. If correct, the most leverage will come from US gold deposits. | 2006-12-13 | |
| DON'T BUY | | Blue Pearl Mining Ltd., has changed ticker to TCM-T | BLE-T | 9.330 | Developing molybdenum deposits. This commodity is one of the smaller metal markets that are incredibly volatile. Too volatile for him. | 2006-12-13 | |
| BUY | | Etruscan Resources Inc | EET-T | 4.140 | Just made a discovery in west Africa that could be very significant. Initial drill results were very good. As the develop it, it will add a lot more value to the company. Have other assets, which gives downside protection. | 2006-12-13 | |
| DON'T BUY | | Aurelian Resources Inc | ARU-T | 30.100 | It was an exploration story that made a phenomenal discovery and is now a development story. Ecuador’s elections results concerned the market, so the stock dropped. Also, Corriente Resources (CTQ-T) has a deposit about 20 miles away and they’ve recently seen an increase in guerrilla activity | 2006-12-13 | |
| DON'T BUY | | Yukon Zinc | YZC-X | 0.285 | Feasibility study showed it was not nearly as attractive as had been hoped. He sold his holdings. | 2006-12-13 | |
| BUY | | Mirasol Resources | MRZ-X | 0.820 | A grass roots exploration company that has the technical ability to generate projects, and joint venture them out so that other people bear the financial risk. Recently did 2 joint venture projects and next year is going to be a good one for them. Long-term hold. | 2006-12-13 | |
| DON'T BUY | | Northern Dynasty Minerals Ltd | NDM-T | 9.800 | Owns the largest copper/gold deposit in the world. Short-term risk is entirely metal price related. He is not bullish about copper. Will eventually be taken over. | 2006-12-13 | |
| BUY | | Endeavour Silver Corp. | EDR-T | 4.440 | In the process of consolidating the old silver mining area of Guanacevi, Mexico. This is the 1st company to bring in modern mining techniques, which will create a lot of upside. A long-term hold. | 2006-12-13 | |
| DON'T BUY | | Queenstake Resources (merged to Yukon-Nevada Gold) | QRL-T | 0.230 | Has a lot of problems. Working on the Jarret canyon deposit, which is a complex of deposits in Nevada. Trying to reduce cash costs, but it has gone up to $640 and ounce. | 2006-12-13 | |
| BUY | | NovaGold Resources Inc | NG-T | 19.280 | Have 2 very large world-class deposits, a gold one in Alaska and a copper/gold one in British Columbia. Hoping to develop B.C. first and use the cash to develop the Alaskan one. Good management. | 2006-12-13 | |
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