Osisko Gold Royalties Ltd. (OR.TO)

It has been hit by a few negative events. A write-down on an asset, for example. The impact to them is not that great, however. Also a mine came out with a lower grade than expected. It is okay to own but is relatively expensive. Sandstorm (SSL-T) is his preference in a royalty company.

If this company can accomplish their strategy, this is what he thinks would have the lowest risk gold exposure to what is a sensible plan to double his money in gold. It's not perfect, but this is what he has at the moment. Dividend yield of 1.4%. (Analysts' price target is $19.)

If you have a 2-year timeframe, this should treat you well. An extremely competent, but an extremely aggressive management team. There was a recent distribution of stock which he thinks was overhanging the market. Also thinks management, in terms of their financial public relations, is split among 3 or 4 issuers rather than just focusing on this company, which has hurt the stock.

Osisko Gold (OSK-T) owns a fair amount of acreage in the Noranda trend with some pretty interesting early stage gold prospects. An interesting speculation, but not the sort of thing he invests in.

(A Top Pick May 10/16. Up 4%.) A year ago, this company had a core value of $700-$800 million with $70 million potential cash flow. They have tons of cash.

This is not a bad name. It is a little more concentrated on fewer assets. He prefers Franco Nevada (FNV-T) for its diversification.

As a conservative investor, smaller gold companies would tend not to make it into his portfolio. Gold and interest rates tend to have an inverse relationship. If you believe rates are going to increase, it generally puts downside pressure on gold.

Has a lot of time for their people. They have royalties on the Osisko Malartic mine as well as on the Eleonor mine. The team behind this are top quality in that they can originate projects, finance projects, build and sell projects, with royalties on 2 very high-quality mines. He likes this company.

For the right speculator, this is a very good name. You are coming into the right environment where their merchant banking skills and exploration skills will suit them extraordinarily well. A very strong balance sheet and a great income statement, and they are people who understand Canadian capital markets as they relate to precious metals.

He still likes the royalty model and thinks he is getting this at half its valuation. They have money to spend and things they can do.

(A Top Pick March 6/15. Down 18.53%.) He just got stopped out. Has been one of the worst performers within his sector picks. He still has warrants that will run for another 5 years, but won’t be buying this one back.

You have a peak and then a fat line, but you had increasing volume. Compared to XGD-T it is not as strong as the index.