Stockchase Opinions

Bill Carrigan Northern Orion Resources NNO-T HOLD Mar 27, 2007

The chart shows a trend change so he thinks it's OK. Rallied above the trend line and is now testing.
$4.680

Stock price when the opinion was issued

metal mines
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BUY
A pure copper play. Very positive on copper markets right now. The stock has good leverage.
DON'T BUY
Quite expensive at this time. Produces low grade gold and copper in Argentina, which requires big production to get the amount of all ore needed.
BUY
Have large gold/copper deposits in Argentina. A good way to play Wheaton River. A longer-term opportunity. Likes copper.
BUY
Valued primarily on its 12.5% interest in Alumbrera copper/gold mine in Argentina which is throwing off a tremendous amount of cash flow. In the longer term, the drive will come from its interest in a 2nd deposit 35 km away which could have a big impact.
WATCH
Good company, could be a takeover.
TOP PICK
Stock had a very nice base building between 2004 and 2005. Had a big break out and the stock reached $7 and then it corrected down. A good buying opportunity. Would pull the plug at $4.50.
BUY
Has one producing operation with one big prospect of a copper mine. Has to raise about $1 billion, which may have spooked the market a little. This is a project that someone else may want to buy. A good long-term investment.
COMMENT
After its rise in 2003, it had a very nice accumulation area, followed by a little bit of a run in 2006, but then came back to a point where it is re-accumulating and should be able to find support.
PAST TOP PICK
(A Top Pick July 5/06. Up 13.4%.) In the process of a 3 way merger with Yamana (YRI-T) and Meridian (MNG-T).