Mandalay Resources Corp. (MND.TO)

Likes the company. Recently formed so he doesn’t hold it right now. They are basically an acquirer and developer of precious metal properties. Currently have 2 properties including one in Australia and one in Chile. Able to generate decent cash flows. 3.75% yield.

A gold and silver producer but mostly silver. Likes this company because of their free cash flow. Thinks dividend is safe. They have a very simple mine so there is not a lot to screw up.

(A Top Pick July 30/12. Up 65.66%.)

Run by an experienced platinum miner. Couple of mines, one in Chili and another in Australia. Beautiful job in getting free cash flow. Announced a dividend last year 3.7%.

Loves this story. Have just instituted a dividend. One of the few silver companies that have under promised and over delivered. Cash costs are lower and grades are higher. Production has been even better than anticipated. Yield of about 4%. Doesn’t see how this company can be around much longer before it is taken over.

Really likes this company. Was a Top Pick of his in July. One of the best silver plays out there. Management has done a very, very good job in terms of under promising and over delivering. Cash costs have been lower than people expected. Grades have been better and production is better. Long-term hold.

One of the only companies in the space that has out-performed. Costs went down and grade went up. Trades at 3 times this year’s cash flow. A little bit smaller. It is in tight hands. There has been lots of consolidation in the industry over the last few months. Thinks they will get a higher multiple.