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| Rick Rule of Sprott Asset Management |
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| BUY | Ivanhoe Mines | IVN-T | 24.240 | IVN and the new CEO have to raise the billion dollars needed for the project in Mongolia in such a way that it doesn’t give away the company to Rio Tinto. This plays into the new CEO’s strengths. | 2010-10-18 | ||
| HOLD | Potash Corp of Saskatchewan | POT-T | 145.340 | The offer is probably a fully priced offer, but is fair to the BHP shareholders also. It is the single most important nutrient company on the planet. He doesn’t see a competing bid coming in for POT. He would not be disappointed if the deal did not go through. | 2010-10-18 | ||
| BUY | Talisman Energy | TLM-T | 18.160 | The knock against them is that they are a me-too company. They are moving into gas shales when the public believes the gas stocks are heavy. Talisman will do well in the 3-5 year time horizon. It will be stuck in the 12-month time horizon. Gas will be stuck in a North American bear market for 1-2 years, but he is bullish about the entire energy sector. | 2010-10-18 | ||
| BUY | Geologix Explorations Inc | GIX-T | 0.680 | High degree of respect for the management team. It is an attractive preliminary assessment. You can trust the management team more than others. He will look at it carefully in the future. | 2010-10-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The big theme in the gold sector is consolidation. Focuses on smaller companies that might be take-over targets. | 2010-10-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | He is bullish on Uranium in the 3-5 year time-frame. The bull market cracked because of investor expectations. | 2010-10-18 | ||
| PAST TOP PICK | Canplats Resources Corp | CPQ-X | 4.760 | (Top Pick Sep 1/09, Up 123.47%) Taken over. | 2010-10-18 | ||
| PAST TOP PICK | Esperanza Silver | EPZ-X | 1.960 | (Top Pick Sep 1/09, Up 134.12%) Still a takeover candidate. | 2010-10-18 | ||
| BUY | Creston Moly Corp. | CMS-X (Dead) | 0.290 | Over 10% shareholder in this one. Likes the exploration project and management team. The mine should be developed in the next cycle. Thinks they will be taken over. It’s a high-risk stock, like the others today. | 2010-10-18 | ||
| TOP PICK | Twin Butte Energy | TBE-T | 1.590 | Thinks the company is perceived as a natural gas stock but cash follow is actually from oil flow and market will warm up to this soon. | 2010-10-18 | ||
| PAST TOP PICK | Polaris Geothermal Inc. | GEO-T (Dead) | 0.850 | (Top Pick Sep 1/09, Down 33.63%) Geothermal is his favourite space and believes they will all be taken over in the future. | 2010-10-18 | ||
| WAIT | Canacol Energy Ltd. | CNE-T | 1.510 | On his watch list. Trading at a premium to what it is worth at present. Exploration results suggest it is something he might own it in the future. | 2010-10-18 | ||
| BUY | Oceanagold Corp | OGC-T | 3.790 | High regard for management. Lots of potential in south islands. They will overcome technical operations over the next couple of years. The company will grow in the years to come. | 2010-10-18 | ||
| TOP PICK | Lydian International Limited | LYD-T | 2.190 | Take-over target. This will be a very profitable gold mine for someone to take over. Principle risk is the gold price. Doesn’t see deposit risk. Believes political risks are not higher than other jurisdictions. | 2010-10-18 | ||
| TOP PICK | Perseus Mining Limited | PRU-T | 2.920 | West African developer. Two projects at present in final stages of exploration. Believes the whole west African sector is attractive. This one has 2 deposits so would be attractive to a consolidator. | 2010-10-18 | ||
| PAST TOP PICK | Red Back Mining Inc | RBI-T (Dead) | 20.070 | (A Top Pick March 3/09. Up 171.1%.) Still likes. | 2010-03-10 | ||
| DON'T BUY | Full Metal Minerals Ltd. | FMM-X | 0.205 | Has one of the better geologists in the Pacific Northwest. Focus on Lucky Shot is a mistake. Could find a joint venture partner who would come in and develop without them having to do it. Doesn't think they have the experience/capacity to develop it themselves. | 2010-03-10 | ||
| TOP PICK | AltiusMinerals Corp | ALS-T | 9.350 | (A Top Pick March 3/09. Up 37%.) Have about $200 million in cash and securities. Extraordinarily well run. Have a small piece of the Voisey Bay royalty and merchant banking operations that have given them spectacular gains. | 2010-03-10 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil and Natural gas. Thinks these will be very, very good businesses. Still the possibility for sharply lower natural gas prices because of burgeoning US production and reduced industrial demand. A lot of it will depend on how oil/gas companies will be allowed to report reserves on a going forward basis and whether or not the current liquidity driven rally declines. | 2010-03-10 | ||
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| Comment | Lundin Mining Corp. | LUN-T | 5.170 | Likes these people a lot but would caution that he is not very optimistic on either copper or zinc prices in the near term. Good balance sheet and good free cash flow. Be prepared to own for 2 or 3 years. | 2010-03-10 | ||
| BUY on WEAKNESS | Centamin Egypt | CEE-T | 1.990 | Royalty and tax regime is very complex but is overcome by the very competent management team. Very large multi-phased deposit. Would prefer it in the $1.70-$1.80 range. Probably a takeover target in 5 to 10 years. | 2010-03-10 | ||
| TOP PICK | Sprott Resource Corp. | SCP-T | 4.590 | Merchant banking operation for the non-public opportunities that come in. Good valuation. Likes their agricultural focus. | 2010-03-10 | ||
| PAST TOP PICK | International Royalty Corp. | IRC-T | 0.010 | (A Top Pick March 3/09. Up 204.6%.) Acquired by Royal Gold (RGI-T). | 2010-03-10 | ||
| BUY | Novus Energy | NVS-X | 0.890 | Principally focused in the Dodsland/Viking light oil play in Saskatchewan. Very competent management, which has a acquiring/exploit focus. Important to budget 5 to 8 years for it to gain enough weight to make you money. | 2010-03-10 | ||
| Comment | Oceanagold Corp | OGC-T | 2.610 | Gold. Fairly valued. Well run company. Primary area is New Zealand. Growth is in the Philippines, which presents both technical and political challenges. Balance sheet had been extremely strained but recently did an equity offering. | 2010-03-10 | ||
| TOP PICK | Ram Power | RPG-T | 3.040 | Likes the US geothermal space. They get very generous subsidies. Focus is not to find geothermal but to finance, build and operate geothermal plants. This company has the best range of experience in this space. $150 million cash. | 2010-03-10 | ||
| Comment | Amerigo Resources | ARG-T | 0.530 | (Market Call Minute.) Nervous about the price of copper but the company is priced at about 20% of replacement costs, which is a bargain so he can't bring himself to sell. | 2009-09-01 | ||
| HOLD | Canadian Oil Sands | COS-T | 27.110 | Treat this as catastrophe insurance. In the event of some catastrophic event in the Persian Gulf you could easily see crude in the $150-$200 range. Also, in the next 2 or 3 years natural gas prices will be very low which will help keep their costs down. | 2009-09-01 | ||
| DON'T BUY | First Quantum Minerals | FM-T | 64.450 | (Market Call Minute.) Very high-quality people but he is nervous about the price of copper. If the base metal prices fall as he expects, this would be a premium play on copper. | 2009-09-01 | ||
| DON'T BUY | FNX Mining Company | FNX-T(Dead) | 8.780 | (Market Call Minute.) Likes the people. Thinks base metal prices are headed lower. | 2009-09-01 | ||
| DON'T BUY | Royal Gold | RGL-T | 43.330 | Extraordinarily good business. Trades at a substantial premium to net asset value. Extremely well run and a very good balance sheet and very high-quality assets. Would prefer International Royalty (IRC-T). | 2009-09-01 | ||
| DON'T BUY | Uranium One Inc. | UUU-T | 2.400 | Delivered to many negative surprises in an operating and political sense and were too aggressive with their balance sheet. Risk/reward is not good enough for him. | 2009-09-01 | ||
| BUY | Lake Shore Gold | LSG-T | 2.850 | Likes the merger with West Timmins Mining (WTM-T) and is mystified by the market's response. West Timmins is one of the premier exploration districts globally. If you own, consider taking some profits. If you don't own, this is a good exploration asset. | 2009-09-01 | ||
| PAST TOP PICK | Red Back Mining Inc | RBI-T (Dead) | 10.910 | (A Top Pick March 3/09. Up 46.29%.) Gold. A superior name among junior producers. Strong balance sheet and very well run. Hold. | 2009-09-01 | ||
| Comment | UEX Corp. | UEX-T | 1.060 | Uranium. This one is on a review shortlist for him. Good management. Good properties. | 2009-09-01 | ||
| PAST TOP PICK | AltiusMinerals Corp | ALS-T | 5.830 | (A Top Pick March 3/09. Down 7.66%.) $185 million in cash. Still a Buy. | 2009-09-01 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Energy. A lot of Canadian companies have a fair bit of leverage on their balance sheets and these reset in the spring after the companies get their 3rd party engineering results and report them in their annual reports. Resets often cause downward revisions from the Net Present Value of assets. Expects a cataclysmic bottom in natural gas stocks in April/May with a once in a decade buying opportunity. | 2009-09-01 | ||
| WEAK BUY | Lara Exploration | LRA-X | 0.650 | (Market Call Minute.) Highly speculative. | 2009-09-01 | ||
| DON'T BUY | Osisko Exploration Ltd. | OSK-T | 7.020 | Very large gold deposit. Overvalued compared to other deposits globally. Also, the grade causes him concerns. | 2009-09-01 | ||
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| TOP PICK | Canplats Resources Corp | CPQ-X | 2.130 | A gold story that has been overlooked. Very economic Mexican deposit. Expect they will be acquired and candidates would be Silver Standard (SSO-T), Goldcorp (G-T) or Penjoles (?), a Mexican gold company. | 2009-09-01 | ||
| TOP PICK | Esperanza Silver | EPZ-X | 0.850 | Silver. Have 2 deposits that he thinks are economic. A high-grade deposit in Peru and one in Mexico. Feels this will be a takeover in the next 12 months. If they don't, shareholders will have the cash flow in a 2 to 3 year time frame. Has $12 to $13 million in cash. Very cheap. | 2009-09-01 | ||
| Comment | Denison Mines Corp | DML-T | 1.460 | One of the class acts. Working through some operational challenges now. Likes uranium in the longer term but is still working through excesses when it peaked 2 or 3 years ago. Believes energy prices will be rising in the next 4 to 5 years so the outlook is quite promising. | 2009-09-01 | ||
| WAIT | Questerre Energy | QEC-T | 1.930 | Natural gas. Thinks this will do reasonably well in the long term. Near-term outlook for natural gas is very poor. Expecting a major drop in natural gas stock prices in April/May. That would be the time to buy. | 2009-09-01 | ||
| BUY | Centamin Egypt | CEE-T | 1.480 | Really likes the deposit and is very happy with the performance of the management. Good balance sheet. The deposit of about 10 million ounces can only grow. | 2009-09-01 | ||
| BUY | Pacific Rubiales Energy Corp. | PRE-T | 12.570 | Has been unusually successful with the drill bit. Geology where they are drilling is very positive. | 2009-09-01 | ||
| BUY | Nevada Geothermal Power Inc. | NGP-X | 0.750 | Geothermal. Thinks that all of the small geothermal companies will be consolidated and is looking for this to be acquired within the next 12 months. | 2009-09-01 | ||
| BUY | Sprott Resource Corp. | SCP-T | 2.980 | The exciting thing right now is a wide-ranging program that they have is involving/assisting aboriginal groups globally in exploiting their own resources using Canadian capital and Western technology. Potential for a tremendous amount of money. | 2009-09-01 | ||
| PARTIAL SELL | Evolving Gold Corp. | EVG-T | 1.400 | Gold. Feels the stock is ahead of itself. If you own, consider taking some off the table. He would consider it in the $0.60-$0.70 range. | 2009-09-01 | ||
| TOP PICK | Polaris Geothermal Inc. | GEO-T (Dead) | 0.880 | Merging with 2 other companies and will have its name changed to RAM. Thinks geothermal is probably the single most attractive resource opportunity. He is a bull on energy particularly alternative energy. | 2009-09-01 | ||
| Comment | Western Lithium Canada Corp. | WLC-X (OTCQX) | 1.000 | Lithium market is horribly overblown and will get more so. Long-term demand looks strong because of batteries but long-term supply is equally strong. If you are willing to speculate without worrying about fundamentals, the lithium story probably has a long ways to go. | 2009-09-01 | ||
| Comment | Canada Lithium Corp. | CLQ-T | 0.590 | Lithium market is horribly overblown and will get more so. Long-term demand looks strong because of batteries but long-term supply is equally strong. If you are willing to speculate without worrying about fundamentals, the lithium story probably has a long ways to go. | 2009-09-01 | ||
| PAST TOP PICK | International Royalty Corp. | IRC-T | 3.900 | (A Top Pick March 3/09. Up 76.39%.) Owns mineral royalties on a global basis. Most important royalty is a 2.7% on the Voisey’s Bay nickel deposit. Trades at about 80% of NAV compared to competition of twice that. Expect that either market will catch up or a competitor will acquire it. Good Buy. | 2009-09-01 | ||
| BUY | International Royalty Corp. | IRC-T | 3.900 | Expects either Royal Gold (RGL-T) or Franco-Nevada (FNV-T) will eventually acquire it. | 2009-09-01 | ||
| BUY | Reservoir Capital Corp. | REO-X | 0.730 | European alternative energy in Serbia. Has very nice development stage assets. Speculative. | 2009-09-01 | ||
| Comment | Sociedad Quimica Y Minera | SQM-N | 33.490 | Lithium producer in Chile. Largest producer globally and have about 250 years supply. Lithium story is overblown and will get more so. | 2009-09-01 | ||
| Comment | FNX Mining Company | FNX-T(Dead) | 3.000 | Suspects that base metals complex will trend lower over the life of the cycle he sees base metals doing extremely well. Worth more than what it is selling for. Very solid and extremely well run. He will continue to Hold his holdings. | 2009-03-03 | ||
| Comment | Formation Capital Corp | FCO-T | 0.185 | Cobalt, copper and gold deposit in Idaho. These types of deposits are extraordinarily price to cost sensitive. The low-cost cobalt producers globally are in the Congo. He prefers to be in the lowest cost area in the world. | 2009-03-03 | ||
| Comment | Lake Shore Gold | LSG-T | 1.330 | Likes management and the balance sheet is in pretty good shape. Wouldn't buy this one for any takeover aspect but as a gold development story it is a high quality gold deposit in the Timmins area. | 2009-03-03 | ||
| TOP PICK | Red Back Mining Inc | RBI-T (Dead) | 7.410 | (Not allowed to have Top Picks so these are his “Top Canadian Holdings” and he is disclosing conflicts of interest.) Can see where production increases will come from and they have cash to build it up. Low cost producer. | 2009-03-03 | ||
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| TOP PICK | AltiusMinerals Corp | ALS-T | 6.270 | (Not allowed to have Top Picks so these are his “Top Canadian Holdings ” and he is disclosing conflicts of interest.) Good management. Have $185 million in cash, which came from income, not the financial market. | 2009-03-03 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Base Metals: Suspects that there will be at least one more ugly bout of bad economic news and that all of the base metal charts will drop lower. Doesn't think all the bad news is out in the world economy. Credit markets are broken and that is of critical importance to mining companies. | 2009-03-03 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Silver: A very interesting but extraordinarily volatile market. Not for the faint of heart. He is a mild bull. | 2009-03-03 | ||
| Comment | Keegan Resources | KGN-T | 2.420 | Have done a good job as an explorer as well as through growth and acquisition. Exploring for gold in Ghana. When value gets built, it gets built the fastest through exploration. Will likely have to do a financing in the next 3 or 4 months. Likes this company very much. | 2009-03-03 | ||
| Comment | Guyana Goldfields Inc. | GUY-T | 2.650 | Very attractive to their deposit. Likes the progress they have made in exploration. Doesn't have a near term or long term outlook other than to say the deposit has acted very well and management has done a very good job of advancing the project without spending too much money. | 2009-03-03 | ||
| Comment | Adanac Moly Corp. | AUA-X | 0.020 | Decent deposit. Believes molybdenum market is moving broadly lower in the next 12 to 18 months. Very easy to increase supplies by putting recovery circuits on the back of copper smelters and copper mines so there is less need for primary moly and building mines requires a lot of credit. Will probably be a moly buyer in 2010 when it will be very cheap. | 2009-03-03 | ||
| Comment | San Gold Corporation | SGR-T | 1.650 | Successful and predictive exploration success and, because of location, can turn it into money in a very short period of time. | 2009-03-03 | ||
| Comment | Capstone Mining Corp. | CS-T | 1.130 | Has high regard for the people in this company. Likes their projects. He is looking to re-enter copper markets 12 to 18 months from now and this is a name he would look at. | 2009-03-03 | ||
| Comment | Rainy River Resources Ltd | RR-T | 1.650 | Doesn't own any of the big Canadian developmental deposits because Canadian ounces are valued in the Canadian markets at higher prices than it is valued in other places. They are very good in exploration and he believes the resource they will report on the 43101 will be bigger than the market expects. | 2009-03-03 | ||
| Comment | Canplats Resources Corp | CPQ-X | 2.020 | Thinks it will be financed in a fairly short-term. Project is a fairly high-grade large deposit with good infrastructure. Upfront capital costs are low enough that even in today's credit climate it can be built. Believes it is a takeover target this year. | 2009-03-03 | ||
| Comment | Mansfield Minerals Inc. | MDR-X | 0.510 | Have spun out all of their properties with the exception of the Lindero property, which he expects will sell this year. Attracted to Lindero but it is fairly remote and front-end capital costs will be fairly high. Thinks management pays themselves too much. | 2009-03-03 | ||
| Comment | Energold Drilling Corp. | EGD-X | 0.890 | (Caller says they designed a portable drill that can be put together under 2 hours and can go into areas where the old drills could not go.) Likes the product but not big enough for him to care about. Mining/oil field services are extremely cyclical and he prefers lowest cost provider with an extraordinary balance sheet and a depth of service capability that this company is not large enough to fulfill. Also believes there will be an aggressive turndown of exploration spending. | 2009-03-03 | ||
| Comment | Centamin Egypt | CEE-T | 0.860 | He is currently adding to his holdings. This is a very, very large gold deposit in Egypt that is wide open to growth and is fully funded to production. Production is near term. | 2009-03-03 | ||
| Comment | Potash One Inc. | KCL-T (Dead) | 1.400 | Doesn't think this will be a takeover play. Very well funded but think they will have to put the potash deposit in mothballs because it costs a lot of money to build a big mine. He likes agricultural minerals but prefers Potash (POT-T) with the largest volume, lowest and global distribution. Also they are price makers, not price takers which is very rare in the mining business. | 2009-03-03 | ||
| TOP PICK | International Royalty Corp. | IRC-T | 2.240 | (Not allowed to have Top Picks so these are his “Top Canadian Holdings” and he is disclosing conflicts of interest.) Collects royalty streams on large mineral deposits. Trades at about 35% of Book, which means you buy the royalties for about 1/3 of what was paid for them. Suspects current revenue stream will triple in the next 2 years. No debt. | 2009-03-03 | ||
| Comment | Northern Freegold Resources Ltd | NFR-X | 0.600 | Likes management and the properties. Impressed by the technical staff. | 2009-03-03 | ||
| Comment | Buffalo Resources | BFR-X | 0.270 | Likes the Canadian western gas industry but near-term outlook is terrible. Western Canadian junior oil/gas sector has been fairly aggressive users of credit. Will be whole varieties that have wake-up calls with regards to their bank credit facility. This one has reasonable debt and they will get through this. 5 years out his outlook for oil is extremely bullish. | 2009-03-03 | ||
| BUY | Amerigo Resources | ARG-T | 1.900 | Good management. Copper producer out of Chile. Has a molybdenum recovery operation which will substantially enhance revenues going forward. | 2005-06-02 | ||
| WAIT | Aur Resources | AUR-T (Dead) | 6.930 | A very well run company. Generating an awful lot of cash at these prices. Outlook for the base metals market next year is a bit softer because the economy is going to be soft. Wouldn't be in a huge rush to own, but over time shareholders will be rewarded. | 2005-06-02 | ||
| DON'T BUY | Dynatec Corp. | DY-T | 1.280 | Nervous about what they are doing in Madagascar. A very large capital project. Doesn't have the guts to own it at this price. (Owns their joint venture partner FNX Mining (FNX-T).) | 2005-06-02 | ||
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| WEAK BUY | Ivanhoe Mines | IVN-T | 9.150 | Owns a little personally and his play is on Robert Freidland, the greatest promoter in the mining business. Fully priced, but probably going higher. Interesting coal exploration play. Have an enormous copper/gold periphery. Have other assets that tend to get ignored. Very volatile sector. | 2005-06-02 | ||
| SELL | Kirkland Lake Gold | KGI-T | 3.780 | If you own, sell and take the tax loss and buy it back in either Aug or December. Should be fairly easy to trade. One of the greatest gold camps in the history of the world. | 2005-06-02 | ||
| DON'T BUY | Southwestern Resources | SWG-T | 9.630 | When they abandoned the business plan of prospect generation (generating projects and using other peoples money) he had to sell. Very attracted to what they are doing in Peru. Expects they will go lower given the concentrated nature of the ownership. | 2005-06-02 | ||
| TOP PICK | Tusk Energy | TSK-T | 4.400 | Potentially the most profound onshore exploration discovery he's seen in 20 years. In the Keg River platform in Northern Alberta. If he's wrong it could easily be a $2 stock, but if he's right, it could be a $20 or higher stock. Hard core frontier exploration. He expects to own until it is proven to be a success or failure, probably by this time next year. | 2005-06-02 | ||
| SELL | TVI Pacific Inc | TVI-T | 0.100 | Trying to bring a small mine into production and his experience with small mines is that they never make you big money. | 2005-06-02 | ||
| VAGUE | Petrofalcon Corp | PFC-T | 2.210 | Will be shipping gas this year. Prospectively 10,000 BOE's per day. Concerns on president Chavaz renegotiating contracts is a risk. | 2005-06-02 | ||
| WAIT | Minco Mining & Metals Corp | MMM-T | 1.150 | Restructuring. Expects the junior exploration sector to be broadly lower this year, so would look to establish a position in August and increase the position in December. | 2005-06-02 | ||
| VAGUE | Fronteer Development Group | FRG-T (Dead) | 2.120 | High regard for management. Beginning to spend too much money on their own projects. particularily in Turkey. Involved in probably the most attractive uranium exploration play on the continent, Labrador in a joint venture with Altius Minerals (ALS-X) and prefers this stock more. | 2005-06-02 | ||
| WAIT | Linear Gold Corp. | LRR-T (Dead) | 5.000 | Very attracted to their exploration project, however the market is in a structural decline in the near term. Expects to nibble at this stock in August and gobble in December. | 2005-06-02 | ||
| VAGUE | Sterling Resources | SLG-X | 1.850 | Drilling a well onshore Romania and participating in the promote round in the north Sea. Expect to see a lot of speculation in the next 2 weeks because of the Romanian well. Reducing his position because his base cost is so cheap. A wonderful wide open exploration play. Good range of prospects. | 2005-06-02 | ||
| TOP PICK | Sprott Resource Lending. | SIL-T | 2.020 | (A Top Pick Mar 8/05. Up 2.5%.) Has done a spectacular job. Trailing earnings for last year were $0.16. Earned $0.04 for the quarter. Offers the best juxtaposition of risk/reward in the Canadian speculative sector. Don't chase the stock. $2.05/2.10 is OK. Expects to own this until the current management team sells it. | 2005-06-02 | ||
| BUY | Almaden Minerals Ltd. | AMM-T | 1.700 | A prospect generator. They use their technical and business acumen to develop exploration targets which are funded by other companies. In the context of mineral exploration speculation, the whole genre of "prospect generators" is the way that almost every retail investor should be playing the market. | 2005-06-02 | ||
| WEAK BUY | Pitchblack Resources | PIT-X | 0.300 | Very leery of the explosion of uranium vehicles. Wouldn't hold out much hope on the uranium, but on the coal side they are doing a better job. The idea of a mine mount power plant in the Yukon is attractive. Will require more capital than the company has. | 2005-06-02 | ||
| DON'T BUY | Platinum Group Metals Ltd | PTM-T | 0.800 | Doesn't particularily believe in junior companies trying to develop out their own exploration targets. 1 in 3,000 anomolies becomes a mine. Also the idea of someone spending a great deal of time looking for platinum in Canada doesn't seem like a great idea. If you want to play platinum, play the South Africans. | 2005-06-02 | ||
| PAST TOP PICK | Pico Holdings Inc. | PICO-Q | 26.310 | (A Top Pick Mar 8/05. Up 5%.) Buy at the $26 level. Probably the best play on developing in water shortages in Nevada/Arizona. | 2005-06-02 | ||
| BUY | Vista Gold Corp. | VGZ-T | 3.950 | Will probably buy more. This company is really a warrant on gold. They felt that the price of gold was going up and they bought gold deposits that weren't economic at current prices. When gold goes up they'll sell the companies. Highly speculative. | 2005-06-02 | ||
| TOP PICK | Spur Ventures | SVU-T | 1.700 | Attracted to the fertilizer market generally. Has the potential over the next 3 years of being the lowest cost producer of phosphate fertilizer in China. Very thinly traded. Don't chase it. Expect to own it for a couple of years. Expects to own this stock for 2 years. | 2005-06-02 | ||
| VAGUE | Bow Valley Energy | BVX-T | 2.060 | Likes because of the European holdings. | 2005-03-08 | ||
| DON'T BUY | Queenstake Resources (merged to Yukon-Nevada Gold) | QRL-T | 0.370 | Small company controls large deposit. Need to keep exploring to keep producing. Likes the management team (knows them), however would not buy the stock. | 2005-03-08 | ||
| DON'T BUY | Rubicon Minerals Corporation | RMX-T | 1.300 | Uses their own capital to explore their own prospects which makes it more risky. Has excelent management, but too risky for him. | 2005-03-08 | ||
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| BUY | Sherritt International Corp. | S-T | 10.800 | Wonderful restructing play, well run. His stock isn't for sale at this price. | 2005-03-08 |
