Jamie Horvat
Minefinders Corp
MFL-T
TOP PICK
Aug 16, 2010
Mexican gold/silver producer. Targeting 91,000-100,000 ounces of gold and about 2.5 million ounces of silver this year. Sold off when they missed some of their execution/production because of a long leach cycle to bring out silver but should start hitting in the 2nd half of this year.
(A Top Pick July 5/06. Up 10%.) The recent correction is a good buying opportunity, because the stock came back to the major support level. May test the $9.50 area. Stock should be significantly higher 6 months from now.
(A Past Top Pick Feb 14/07. Down 11%.) A beautiful stock. He picked it because it had a major head and shoulders. It overshot the neckline. Should have major support at around $10 and wouldn't want to see it any lower than that.
Lousy couple of quarters but it is cheap. At some point in time they will get the company fixed or they get taken out. Biggest risk is that someone picks them off for a song.