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08/30/2014
Analysis
Updated: Globex Mining Enterprises Inc
Globex Mining is a project generator that has been around for 60 years. With 126 properties (64 are precious metals) in Canada, you would think they would have some income. They do have $3.3 million in cash and some royalty income, but very little. Their... more
08/30/2014
Analysis
Updated: Orex Minerals Inc
Orex Minerals is a project generator with an advanced exploration 1 million oz (1 gpt) project in Sweden (Barsele). The problem with this stock is they are considering a spin out of the Barsele project into a separate company. If they do that then the... more
08/30/2014
Analysis
Updated: Gunpoint Exploration Ltd
Gunpoint Exploration is a project generator with an advanced project in Nevada (Talapoosa). It is a 1.2 million oz (1 gpt) open pit project with 15 million oz of silver (15 gpt). A PEA should be coming soon. If they can option the project and keep 30%,... more
08/29/2014
Analysis
Updated: DELETE - Eco Oro Minerals Corp
Eco Oro Minerals (formerly Greystar Resources) has a late stage project in Colombia they are trying to permit and finance. If they get their mining permit and financing ($500 million capex), this is a possible 50 bagger from their current $21 million FD... more
08/28/2014
Analysis
Added: Rockhaven Resources Ltd
Rockhaven Resources has a high grade gold and silver discovery in the Yukon (Canada). The Klaza property is large (18,000 acres) and has 9 discovered zones to drill. Early drill results point to a mine. It appears to be a narrow vein system, although... more
08/28/2014
Analysis
Added: NV Gold Corp
NV Gold recently obtained the Rattlesnake Hills property in Wyoming. This is an exciting project. Evolving Gold drilled 70,000 meters of excellent drill results and optioned it to Agnico Eagle. Then Agnico drilled 8,000 more meters in 2013. However,... more
08/25/2014
Analysis
Updated: Aris Mining Corp
Gran Colombia Gold is a highly undervalued mid tier producer (my definition). In fact, it is one of the most undervalued gold mining stocks on a risk/reward basis. They have large resources (12 million M&I gold) and are targeting 170,000 oz in 2015 and... more
08/24/2014
Analysis
Updated: Lara Exploration Ltd
Lara Exploration is a very good project generator. The only problem with this stock is that it is not precious metals focused. However, with the high price of gold, I would expect this company to focus more on gold. This company has shown the ability to... more
08/24/2014
Analysis
Updated: Impact Silver Corp
Impact Silver Corp is a small producer (4 underground mines at 140 gpt). They have a good management team and have performed well, taking mines into production 24 months after discovery. That is impressive. They are also growing production and plan to... more
08/23/2014
Analysis
Added: Gold Terra Corp
TerraX Minerals is a project generator with a large property in Canada (Northwest Territories). They are drilling three different discoveries on their large (20,000 acre) Yellowknife property. It has 450 historical drill holes with several high grade... more
08/23/2014
Analysis
Updated: Baru Gold Corp
East Asia Minerals is advancing a small gold project towards production. The stock price went from .10 cents in 2008 to $8.30 in 2010. Then dropped from $6.75 to .27 cents in 2012. Today it is down to 3 cents and a FD market cap of $5 million. The stock... more
08/23/2014
Analysis
Updated: Aris Mining Corp
Gran Colombia Gold is a highly undervalued mid tier producer (my definition). In fact, it is one of the most undervalued gold mining stocks on a risk/reward basis. They have large resources (12 million M&I gold) and are targeting 170,000 oz in 2015 and... more
08/19/2014
Analysis
Added: Sarama Resources Ltd
Sarama Resources is a project generator in West Africa (Burkina Faso, Liberia, and Mali). They have one flagship project: South Hounde. It is optioned to Savary Gold, who has a 65% option. South Hounde is a 1.5 million oz deposit at 1.5 gpt. It will get... more
08/17/2014
Analysis
Updated: DELETE - Taseko Mines Ltd
Taseko Mines has an advanced stage gold project (Prosperity) in British Columbia. They have a $450 million FD market cap and are forecasting to begin production in 2017 at 200,000 oz per year (adjusted for Franco Nevada gold stream) for 20 years, plus a... more
08/16/2014
Analysis
Updated: DELETE - Santa Fe Gold Corp.
Santa Fe Gold was a small producer in New Mexico (Summit mine), and they are currently trying to resume production. They have a FD market cap of $25 million, but that is supposed to jump to $40 million after share dilution to purchase 17% of Canarc... more
08/14/2014
Analysis
Updated: China Gold Intl. Resrcs Corp Ltd
China Gold International is an interesting stock if you like copper. Their CSH open pit gold mine is producing 200,000 oz and has 5 million oz of resources, which makes for a very long life mine. They are expanding production to 250,000 oz in 2015. This... more
08/13/2014
Analysis
Updated: Mako Mining Corp
Golden Reign Resources has an advanced high grade (7 pgt) project in Nicaragua (San Albino). They are aggressively moving it towards production. However, they only began drilling it 3 years ago and have only drilled about 100 holes. It is already a 1... more
08/10/2014
Analysis
Updated: Newmont Corp
Newmont Mining is a solid major, although growth will be flat at around 5 million oz until 2016. They have 130 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($13 billion fully... more
08/10/2014
Analysis
Updated: Chesapeake Gold Corp
Chesapeake Gold is project generator with an awesome project. They have a huge project in Mexico (Metates) with 18 million oz of gold (1 gpt), 525 million oz of silver (15 gpt), and 4 billion lbs of zinc. With gold production of 750,000 oz for 20+ years,... more
08/09/2014
Analysis
Updated: Perseus Mining Ltd
Perseus Mining is a mid-tier producer in West Africa. In 2012 when I analyzed it, the FD market cap was a $1.3 billion market cap. Today the stock price has dropped 80% and it is down to a FD market cap of $218 million. They will produce about 200,000 oz... more
08/09/2014
Analysis
Updated: Torex Gold Resources Inc
Torex Gold Resources has a large late stage project (El Limon) in Mexico. It is a 5 million oz (2.5 gpt) deposit. They have a $1.1 billion FD market cap, so most of the near-term value is already in the stock price. El Limon is permitted and financed,... more
08/08/2014
Analysis
Added: RTG Mining Inc
RTG Mining seems over-valued to me. They have two large properties in the Philippines. The Mabilo deposit looks like a potential gold/copper mine. They have a FD market cap of $117 million, yet only have drill results and no 43-101 resource estimate. I... more
08/08/2014
Analysis
Updated: Salazar Resources Ltd
Salazar Resources has a late stage project (El Domo deposit on their large Curipampa property). El Domo (850,000 oz at 2.8 gpt) looks like it is heading to production. The capex is only $110 million and the after-tax IRR is 30% (with a 50% tax rate). It... more
08/08/2014
Analysis
Added: Northern Star Resources Ltd
Northern Star Resources is a large gold producer in Western Australia. They have 5 producing mines and FD market cap of $1 billion. However, they only have 1 million oz of reserves and 6 million oz of resources. Investors seem to only care about the... more
08/06/2014
Analysis
Added: Cordoba Minerals Corp
Cordoba Minerals is a project generator with a single large property in Colombia. San Matias is on 65,000 acres and already has two discoveries from early drilling. It is not cheap, with a FD market cap of $53 million. Investors are betting on a... more
08/04/2014
Analysis
Updated: C2C Gold Corp
Taku Gold is a project generator with a large land package of 7 properties (160,000 acres) in the Yukon. They also have the Tag Gold project (6,000 acres) in British Columbia, where they drilled 69 holes in 2006 through 2008 and found mineralization in... more
08/02/2014
General
July 2014 Newsletter Posted
The July 2014 Newsletter has just been posted. If you're set to receive a notification via email, it will be arriving shortly. more
08/02/2014
General
Portfolio Enhancements
The portfolios will now show you the overall change from the previous day. more
08/02/2014
Analysis
Added: DELETE - Plata Latina Minerals Corp
Plata Latina Minerals is a new project generator focusing on silver in Mexico. They have 5 early exploration projects on 150,000 acres and one high grade discovery. The best thing they have going for them is the location of their projects, which are in a... more
08/02/2014
Analysis
Updated: Resolute Mining Ltd
Resolute Mining is a strong mid-tier producer with three producing mines in Australia and Africa (Mali and Tanzania). One of their mines is going to close in 2014, but they have two others they can build. They have average cash costs ($900 per oz), with $ more
08/02/2014
Analysis
Updated: Midland Exploration Inc
Midland Exploration is a project generator with 41 properties and 19 projects on 600,000 acres in Quebec and Ontario. They have 6 JVs, including deals with Agnico Eagle, Osisko, and Aurizon. However, none of them are advanced projects. They have a FD... more
08/01/2014
Analysis
Updated: Belo Sun Mining Corp
Belo Sun Mining is undervalued and a potential 25 bagger. They have a very large advanced open pit project in Brazil called Volta Grande (330,000 acres). It is a 7.5 million oz open pit project (1.7 gpt). The pre-feasibility study uses a phased approach,... more
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