Benj Gallander Alacer Gold Corp ASR-T PAST TOP PICK Apr 03, 2017

(Top Pick Jan 20/16, Up 2%) There is geopolitical risk. They have now gone into a credit line. Management has managed to do the project on time and on-budget. It should add 20 years of mine life to the company when it is completed. He thinks it has a lot of upside.

Has 2 major knocks against it. Based in Turkey and has about $120 million in debt. They’re expanding their copper play and making money. The balance sheet is going to get murkier, but they are coming in on a mine expansion, on time and under budget. Feels it could triple from here. (Analysts' price target is $3.15.)

It is in his portfolio with a target price of 6 and change. He expects to meet with management in a week. They keep reporting in terms of the amount of gold they have in the ground--it keeps increasing. Management generally completes developments of their deposits on time and within budget. His concern is that they have taken on significant debt. Once they ramp up, he thinks the price should ramp up. He thinks this is the best gold company on his list.

100k oz producer in Turkey. Their mine is starting to wind down and they are they are entering their next phase of growth. They will be moving to 200k oz of production. These types of projects take years to ramp up. There won’t be a lot of cash flow for a year or two. They used debt.

They are hitting their targets. When he bought them, they had no debts but they have taken on some to expand. They are bringing on their expansion under budget. There is concern about political risk but the mine is far from the danger zone. Once they get the mine running, they expect to pay down their debt. They also hope to give a dividend, though he thinks that will take a while. His sell target is $6.

They have been doing a major expansion in their mine in Turkey. They are on time and under budget. They took on debt but still have cash. Management knows what they are doing. They could have a very fat bottom line. He sees a $6 target. (Analysts’ target: $3.43).

(A Top Pick Nov. 3/17, Up 11%) They came in on time and under budget with the expansion. It has a lot of potential. They have debt that they had to take on to expand.