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Stockchase Opinions

Rick RuleGeologix Explorations IncGIX.VBUYOct 18, 2010

High degree of respect for the management team. It is an attractive preliminary assessment. You can trust the management team more than others. He will look at it carefully in the future.
$0.68

Stock price when the opinion was issued

precious metals
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DON'T BUY
They have a small oxide cap that will probably work, but it is not very large. Then there is a sulphate deposit but it is not very high grade. It depends on the metal prices you use. Tough low-grade deposit. Not something a mid-size company is going to buy. He prefers high margin deposits.
BUY
Future lies in raising capital to exercise an option that they need to do in the next couple of months. Took an option on a San Augusta property, did a tremendous job on developing tonnage and ounces and now it has come time to pay for that option. Have been working hard on a number of fronts. Thinks someone will come up with a way to give them money.
COMMENT
Developing an awesome project in Mexico. Due to put out a new resource estimate. He is optimistic. Have an option on the project but have to come up with money by March or else they don't get it. Management is extremely confident that they can handle it.
DON'T BUY
Have to pay Silver Standard (who optioned the property) for every once discovered. May have to pay more than the capitalization of the company. May have to re-negotiate or give up part of project.
PARTIAL BUY
Actively looking in Mexico for a gold/silver deposit. Had some interesting results. Some great potential to be found. A lot of the small companies have been battered down and this is a time you should be picking away at them and using a basket approach.
COMMENT
Haven't followed this one really closely but it certainly looks like a significant discovery. Very solid team behind it. Project is moving forward and it is in a good region.
HOLD
Still in early stage exploration, but results so far are quite positive. Have to see how drilling goes, but he is bullish enough on it to Hold. Future results could result in Buying more.
TOP PICK
Geologist's dream. Have made some fantastic discoveries. Zinc, gold, silver. Low grade, but a lot of tons. Just starting it's promotion. Is his current top holding. Speculative.
BUY
Have property in Mexico and have pulled some outstanding holes. One was 243 m with 7 g per ton. Still at a “wait and see” stock, but have the right sense of discovery.
TOP PICK
Gold. One of the best stories in a long time. Recent results are much more positive. Has tremendous upside. Tremendous management.
TOP PICK
Gold. Assets in Peru and Nevada. Recently acquired a Mexican property in which they greatly extended the mineralisation trend to over 300% and is still open in both directions. Well-financed.
TRADE
Geologix Exploration is a company that he has worked for in the last 12 months. It is a junior resource mining company involved in silver and copper. They have had a recent acquisition of a gold and zinc project. Management has had success in the past.
TOP PICK
Their findings look very good. On a good land position.