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David Burrows Red Back Mining Inc RBI-T TOP PICK Jan 07, 2010

Great intermediate gold producer with 2 mines. Potential of producing 1 million ounces annually for the next couple of years. Investing about $22 million this year in CapX, which could take their reserves from 5 million ounces to 11 million. In the region of a couple of majors so could be a takeover target.

David Burrows

Owned

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$17.680

Stock price when the opinion was issued

precious metals

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PAST TOP PICK

(Top Pick Aug 11/08, Up 173%) Another $2 there. They are into another wave of success.

TOP PICK

Has been on a tear recently because it is working in a large gold discovery in West Africa. Good for gold exposure on a company that is growing dramatically. Should be trading in the $20 level. Speculative.

PAST TOP PICK

(A Top Pick March 3/09. Up 171.1%.) Still likes.

BUY ON WEAKNESS

Focused on gold in West Africa. Have done a good job exploring for new resources and have an existing mine. Recently released some good numbers. Looks a little expensive.

BUY

Have done a phenomenal job of growing through the drill bit with very high grades. Too big for his portfolio but it should do well.

TOP PICK

Kinross (K-T) just put in $600 million to get almost 10%. This is smart money. One of their key assets (in West Africa) is about 5 million ounces. He sees this ability at 10 million.

COMMENT

Caller wants to replace because she is not happy with Kinross’s (K-T) recent connection. To get something similar, you are looking for something with growth over the next few years. He likes Allied Nevada Gold (ANV-T) and Iamgold (IMG-T).

PAST TOP PICK

(A Top Pick Aug 6/09. Up 167.9%.) Merged with Kinross (K-T).

SELL ON STRENGTH

Options with Warrants: He has not looked at them. Thinks Kinross is paying a pretty hefty price.

PAST TOP PICK

(Top Pick Jan 7/10, Up 98.87% Total Return) They were acquired. Thinks there will be lots of M&A this year.

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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

David Burrows Red Back Mining Inc RBI-T TOP PICK Jan 07, 2010

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