Bruce Campbell (1)Glamis GoldGLG-T.VTOP PICKJun 08, 2006
Just announced problems at the Marlin mine. This will cost them about $.15 in cash flow just for this year. On June 19 they are going to announce a resource estimate on another mine and he believes it is going to be way higher than the street thinks.
Take over by Goldcorp (G-T). The upside is, this probably has the potential of becoming the premier gold trading vehicle on the planet. Should have great internal cash flow. Sells at an extremely high stock valuation.
Has a very good growth profile. Would like to see it break above more recent highs but, at this point, this is going to participate in golds continue on to higher levels.
(A Top Pick July 4/05. Up 100.3%.) This will depend on gold prices, which he expects will be higher. A possible head and shoulder pattern is forming on the charts, which is positive.
One of the best managed mid-cap gold companies with a tremendously good growth production profile. Have some really good upside since they took over Western Silver late last year with its Penasquito mine.
If you feel the market is at a bottom, this is a stock you would want to look at. A midsize producer with growth. Trading above its 200 day moving average.