Argonaut Gold (AR.TO)

Smaller cap than his normal pick. But in gold they are going from 35, to 55, 85, & 115 oz for 2010-2013 respectively. The asset value is about $6.50. Thinks they will come out any day with increased asset values on the mines. You could see 50-60% this year. Cheapest producing gold he knows of.

Small gold that’s just getting started. Great little story. Great management and have some good properties.

Gold. Uniting with Pediment Gold (PEZ-T) to combine both their Mexican gold mines. Production will go from 35,000 ounces to 55,000, 75,000, 110,000 a year, a great growth pattern. Trading at almost half net asset value.