Ron Meisels
Metallica Resources
MR-T
PAST TOP PICK
Nov 23, 2007
(A Past Top Pick Feb 14/07. Down 5.4%.) Got hammered with the Aug, Sept and Oct periods. Has a very long-term up trend line. A good buying opportunity.
Very undervalued. Had a set back in their Mexican property with a permitting snafu and they had to stop production. Recent ruling gave hope that it will be resolved. Very nice potential, economic mine with both silver and gold. Also has a copper/gold project in Chile. A very cheap stock.
Metallica Resources recently signed a joint venture agreement with Full Metal Mines. Lots of potential there. Growth looks good for both companies. It is a personal decision which company you want to be with. He owns Full Metal Mines.
Good management. Plagued by litigation in Mexico which is a setback. Shareholders should probably give management the benefit. Besides Mexico, they have exploration assets in Alaska which are very promising.
It has formed a W formation, which is a very important formation. Also, it is well above the 200-day moving average. Has the potential to go significantly higher.
This company has a history of going through downturns and taking advantage of them with their balance sheet by making acquisitions and tucking in additional assets and coming out the other side very strong. We are in a replacement cycle in the auto industry. 2.2% dividend yield.