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News from January 2014
Added: West African Resources Ltd
West African Resources is undervalued with significant upside potential. They have more than 1 million acres in Burkina Faso. Plus, they have three potential open pit mines with Tanlouka (1 million oz at .8 gpt), Sartenga, and Moktedu. All three are low... more
Updated: Dynacor Gold Mines Inc
Dynacor Gold Mines uses a unique business model. They use cash flow from a mill (about $15 million expected in 2014) to finance exploration. They have five early exploration properties in Peru that they are just beginning to drill. It will take a few... more
Updated: Xali Gold Corp
Candente Gold is undervalued with a FD market cap of $5 million. The El Oro property has a lot of potential. Only two veins on the property were mined to 200 meters and produced 6.4 million oz (8-10 gpt) of gold and 75 million oz (4-6 opt) of silver from... more
Updated: Sierra Metals Inc
Sierra Metals is fairly valued at $330 million fully diluted. They have 10 properties on 500,000 acres in Chihauhau, Mexico, and another 4 properties in Peru. They have 3 operating mines and 5 more in late stage development. Their current resources are... more
Updated: Silver Grail Resources Ltd
Silver Grail is a project generator. They have been around for a long time and they don't have many JVs. Looking at their properties, I would say this a very high risk speculation stock. However, with a tiny $1 million market cap, they have two gold... more
Updated: Puma Exploration Inc
Puma Exploration is a project generator focused in Canada. They have two projects in New Brunswick and one in Manitoba. All of them have potential. Nicholas-Deny perhaps has perhaps the best chance of mine. This 15,000 acre property has the 6 mile Rocky... more
Allied Nevada - Proposed Takeover
Allied Nevada Responds to China Gold Stone Announcement
January 14, 2014 | Reno, Nevada - Allied Nevada Gold Corp. (“Allied Nevada” or the “Company”) (TSX: ANV; NYSE-MKT: ANV) would like to respond to an announcement from a company named China Gold Stone Mining Development Limited (“China Gold Stone”) indicating that it has commenced a tender offer to acquire all of the outstanding shares of the Company (the “Announcement”).
Allied Nevada received a letter from China... more
Added: Minaurum Gold Inc
Minaurum Gold is a new project generator with 4 projects in Mexico. The have an experienced team and a very good Board of Directors. Also, they have some interesting projects. The Vuelcos del Destino project is on 45,000 acres in the Guerrero Gold Belt (G more
Updated: Renegade Gold
Confederated Minerals is highly undervalued. They have a high grade surface project (Newman Todd) in the Red Lake District, yet have a FD market cap of only $13 million. They have not released a 43-101 resource estimate, but drill results have found 4... more
Added: DELETE - Galway Gold Inc
Galway Gold is a new project generator in Colombia. They were created from Galway Resources in 2012, when they were purchased by Aux Resources. They have a single project - the Vetas property. It has the past producing El Volcan mine, which has produced... more
Updated: DELETE - Angel Gold Corp
Angel Gold Corp is a new company with three early exploration projects in Colombia. Their lead geologist is very good and made the Ventana discovery. This is a very high risk speculation stock until they make a discovery. Also, their first project (El... more
Updated: AXMIN Inc
Axmin Inc. is highly undervalued at $2 per oz in the ground (future reserves) and a FD market cap of $5 million. They have a large 3 million oz (2 gpt) surface project in CAR (Central African Republic) called Passendro. The problem is that project is on... more
Added: Aben Minerals Ltd
Aben Resources is an early project generator in Canada. The CEO has had success before, selling his last two companies. They have three properties and all are early exploration. Justin (18,000 acres in the Yukon) could possibly be a mine. Phase 1 drill... more
Updated: Gold79 Mines Ltd
Aura Silver is a very high risk stock, but they have two very large properties with significant potential. The 130,000 acre Taviche property is near Fortuna's high grade San Jose mine. They have already found significant high grade silver (initial... more
Updated: DELETE - Antioquia Gold Inc
Antioquia Gold is undervalued and a possible 25 bagger. However, they are out of cash and have financing issues. They have 7 properties in Colombia on 100,000 acres, although 6 of them were optioned from Barrick Gold who has a back-end clause if they... more
Updated: Wesdome Gold Mines Ltd
Wesdome Gold Mines is a small producer in Canadian with a FD market cap of $62 million. They recently stumbled a bit, with production decreasing in 2010 from 96,000 ounces to 45,000 in 2013. However, they have a decent pipeline going forward. Their Moss... more
Added: Kingston Resources Ltd
WCB Resources is a project generator with a large property in Papua New Guinea. The Misima property (45,000 acres) has a past producing open pit, where 4 million oz was mined. There is still 1.5 million oz left at 1 gpt. Plus, they have 3 targets to find... more
Updated: Sabre Gold Mines Corp
Armistice Resources is undervalued with a FD market cap of $16 million. They began production at their McGarry property in 2013 in Ontario, Canada (250 tpd at about 20,000 oz per year). However, the project is not economic at $1200 gold and they halted... more
Updated: B2Gold Corp
B2Gold is an emerging major and a growth story. Production is scheduled to increase from 400,000 oz in 2014 to 700,000 oz in 2016, and perhaps 800,000 oz by 2018. Doubling production should triple their stock price, but they are not cheap today valued at... more
Updated: Nevada Exploration Inc
Nevada Exploration is an early project generator focused in Nevada. They have 9 properties on 50,000 acres and one JV. Nevada Exploration is low on cash and is not drilling aggressively. They are using a unique method of testing water samples to identify... more
Sage Gold
Sage Gold is not a top pick, and there are currently about 125 of those in my database. So why am I releasing a news item about them? There aren't too many stocks that have near-term 10 bagger potential, but they do. They have a FD market cap of $2.7 million, yet they plan to begin producing in Ontario, Canada in Q1 2015. That is only 1 year from now.
This is a high risk / high reward stock. In fact, the reason it is so cheap is the project is not currently economic and might not get built.... more
Updated: Klondike Silver Corp
Klondike Silver has several properties with potential, but have not yet found a mine. They continue to explore each of their properties and they may succeed. They have the 60,000 acre Slocan Camp in British Columbia that has 25 past producing mines on it; more
Updated: DELETE - WildSky Resources
China Minerals purchased Hawthorne Gold in 2011. The current FD market cap is only $2 million. They have a 150,000 acre property (Cassiar) in Canada (British Columbia) that has a 1 million oz (1 gpt) surface mine project called Taurus that looks... more
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