First Quantum Minerals (FM.TO)

Looking at the last 10 years or so of its projects, it has brought in its projects on time and on budget with just on average a 7% increase in budget which is unheard of in mining. Do most of the work in-house which is why they are able to keep costs under control. If they acquire Inmet (IMN-T), which he thinks they have a very good chance of, they’ll be a top 10 producer and, widely speculated, a takeover candidate itself and would go for $30 or more. P/E ratio 6.2%. EPS $3.49. Yield of 0.56%.

Mid November until May is seasonal strength. It moved above 20 day moving average this past Friday. You have all the ingredients for this to show a nice move. The possible takeover of Inmet could have an impact and you might want to buy that one. A good play right now.

(Top Pick Dec 15/11, Up 23.61%) Continues to hold because Copper remains strong. One of the lowest cost producers out there.

Copper is in a trading band of roughly $3.25-$3.75. This company ranks 217 in his model, which is just in the top 3^rd. He prefers gold and silver in the metals area.

Will have resistance around the $24 range. Great risk/reward.

Have quite a few operations in Africa as well as Australia. Zambia operations are doing extremely well and is one of the largest copper producers. Australian operation is a nickel project and sees their production doubling in the next little while. Low operating costs of $1.55 per pound so he can see the company doing well. Excellent management team.

One of the best management teams in the material space. Brought on Ravenscourt, a nickel project in Australia and are getting 35,000 tons from that. Thinks it is ultimately going to be a takeover candidate at some point. If you can get it under $20 it is a scream.

(Top Pick Sep 30/11, Up 39.02%) Had a couple of tough quarters but fine now. Long term it is probably trading at a reasonable multiple. Is a high growth company and should be able to grow at 50% over the next 5 years.