Peter Imhof
Galane Gold Ltd.
GG-X
TOP PICK
Dec 29, 2011
Gold producer in Botswana. Already producing and at today's gold prices they would be able to cash flow $20 million over the next 12 months. Market cap is only around $38 million. Expecting their costs will come down.
bought gold assets in Botswana from Iamgold (IMG-T). Was fairly high cost at $900 an ounce but negotiated a good price. Will earn its share price in less than 2 years. In production with 50,000 ounces a year. 6-7 year reserve life with a lot of exploration potential. Extremely cheap.
(Top Pick Dec 29/11, Down 9.00%) He likes the story. No one actually knows the story. This is a cash flow generating machine. Still expects them to grow going forward. Could be taken out.
(A Top Pick Dec 29/11. Down 19%.)Still likes. Had an excellent quarter Good production. Small golds have got hit quite a bit. Last quarter was very strong. Looking for them to get into higher grades.
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