Lawrence Roulston
Peak Gold. Ltd.
PIK-X
TOP PICK
Jul 02, 2008
In the final stages of merging with 2 other emerging mid tier gold producers. The 3 together will have the critical mass that will get noticed by some of the larger investors. Excellent resource base and a pipeline of development projects.
Acquired a project that was spun out of Goldcorp (G-T) because of some operating difficulties, which needed some additional capital. Peak is well on track to fix the problems. Indications are that their bath-bleaching will be very effective and give much better results in recoveries. Pretty close to coming back in on full production. Also have a mine in Australia but seems to be working very effectively.
In the process of merging with 2 other companies, New Gold (NGD-T) and Metallica Resources (MR-T). Will form a company that has multi-gold mines in production and move it very quickly into a mid-tier producer. Backed by one of the top financial groups in the industry. Share price will probably go sideways during the merger but should be followed by a lot of upside potential.
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