Opinions
Charles Oliver, HBSc CFA
Gold Wheaton Gold
GLW-T(Dead)
COMMENT
Sep 17, 2008
Revenue stream is from buying precious metal by-products from mining companies. There are no risks of higher costs in mining. Have a deal with FNX Mining (FNX-T) to purchase some of their platinum group metals. In the early stages.
$0.890
Stock price when the opinion was issued
precious metals
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COMMENT
Finds projects that have gold in the ground. They pay a percentage up front and then get the gold later with additional money. A great exposure in the long term to gold. This is really a call on gold. Every investor should have a little bit of gold. Hoping for gold to be $1200 by the end of the year.
precious metals
DON'T BUY
Company just set up a 1 for 10 consolidation. Signed a deal with First Uranium (FIU-T), which has a gold mine in South Africa that is having pretty serious production problems so they may delay the expansion. Any further delay and First Uranium owes this company $42 million. First Uranium have put themselves up for sale, which is really killed this company because of the uncertainty.
precious metals