David Burrows Randgold Resources GOLD-Q TOP PICK May 15, 2009

New project coming on over the next couple of years. Cash flow is turning positive and they will generate a lot of cash in the next 3 years. Pure play on gold with no by-products. Has lower cash costs and better production.

David Burrows

Owned

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$59.540

Stock price when the opinion was issued

precious metals

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BUY

One of the lowest cost mines in the world. They have big plans.

TOP PICK

One of the up-and-coming leading gold stocks. Their property in Mali does 1,000,000 oz. a year. It's about the 2nd lowest P/E ratio. Excellent management. New project coming on.

WEAK BUY

Potential for market to start new leg. Target for gold should not be difficult for 450.

BUY

Strong continue pattern. Growing much in China and India.

COMMENT

Why are insiders selling gold [stocks]. It is because they only get a small window to sell and they need to sell from time to time. He thinks this is normal and simply means the stock is higher. $1056 is a resistance level for gold, but he can see 1100 into 2010.

PAST TOP PICK

(A Top Pick May 15/09. Up 40.65%.) Now focused on names that are closer to home.

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David Burrows Randgold Resources GOLD-Q TOP PICK May 15, 2009

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