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News from May 2013
Updated: Avrupa Minerals Ltd
Avrupa Minerals is a small Canadian based Project Generator that is exploring in Europe. They have 12 projects, of which 8 are gold or silver, and are focusing in Portugal and Kosovo. They have 3 JVs, one in Germany and two in Portugal (Tungsten and... more
Updated: DELETE - Banro Corp.
Banro Corp is a solid mid tier producer. Other than political risk (Democratic Republic of Congo), this stock is a slam dunk 3 bagger. They have an incredible amount of gold (possibly 20 million oz) and production just began in 2011. Thus, this company... more
New Gold and Rainy River Agree to Friendly Takeover
I just have to laugh when they issue a new release like this and think everyone is fooled. The bottom line is that it is another robbery and (Rainy River) shareholder drubbing. I have to wonder if Rainy River ever intended to build their mine or if financing was not obtainable. Here is another example of a great project given away to a larger company with deep pockets.
May 31, 2013
New Gold Inc.
(“New Gold”) (TSX and NYSE MKT:NGD) and Rainy River Resources Ltd. (“Rainy River”) ( more
Updated: Calibre Mining Corp
Calibre Mining appears to me to be a project generator, although they call themselves an exploration and development company. They have 6 early exploration properties in Nicaragua and 3 are JVs. My expectation is that the other 3 will become JVs, but I... more
Updated: Aton Resources Inc
Alexander Nubia International has four early exploration projects in Egypt. They are a Canadian company with 600,000 acres of claims, which I find interesting. They have a drill plan to do extensive drilling on two projects (although they are low on cash) more
Updated: Cartier Resources Inc
Cartier Resources is a small exploration company focusing in Quebec and are in search of finding and building their first mine. I think they could succeed, but it is going to take a long time. They have 7 projects and are exploring aggressively, but have... more
Updated: Aton Resources Inc
Alexander Nubia International has four early exploration projects in Egypt. They are a Canadian company with 600,000 acres of claims, which I find interesting. They have a drill plan to do extensive drilling on two projects (although they are low on cash) more
Updated: Athena Silver Corp
Athena Silver has an excellent property with 60 million ounces (45 gpt) at about 80% recovery rates. That equates to 2 or 3 million oz of production for 10-15 years. They have a market cap of only $9 million. At $100 silver, the cash flow could be $100... more
Updated: DELETE - Rambler Metals & Mining Plc
Rambler Metals and Mining is a copper and gold producer in Canada. Their cash flow is currently about $10 million and they have a fully diluted market cap of $58 million. They are producing 600 tpd and want to increase that to 3500 tpd. The capex to... more
Great Video on Why to Invest in Gold
This 10 minute video is an excellent summary of why to invest in gold. I like his line at the end: Why invest in gold? Because gold endures and always has.
http://play.goldmail.com/15z410mdwsrx more
Updated: Condor Resources Inc
Condor Resources is a relatively new project generator. They have 15 properties, but only 2 JVs, which are early stage exploration (one is a copper JV with BHP). Currently they are drilling two projects, which they hope to JV. I like the locations where... more
Updated: Angkor Resources
Angkor Gold Corp. is a project generator in Cambodia that is doing pretty good. Whereas most stocks have dropped about 50% in the past year, their stock has increased. They are cash flow positive with $2.5 million in the bank and no debt. They made a 10%... more
Updated: Western Copper & Gold Corp
Western Copper and Gold has a huge copper/gold project in Canada (Yukon) called Casino. If they can get financing ($2.5 billion capex) and both copper and gold prices hold up, this could be a 50 bagger. If you value this as a 300,000 oz per year long... more
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