RB Energy (RBI.TO)

BUY
Chirano gold project in Ghana is in production now. Have had 2 new discoveries which have good upside. Takeover candidate.
TOP PICK
US$ looks like it has turned around. If gold is coming off, there are positive real interest rates, currency is going up, then he wants to be very cautious about gold. He would still like exposure in the long-term and if gold really came off, this is the company he would be adding to.
PAST TOP PICK
(A Top Pick Nov 24/05. Up 57%.) A fantastic company. Having great exploration success. A good price.
BUY
An interesting gold play. Has just announced some very good discoveries on the west coast of Africa.
BUY
Has property in Ghana. Very aggressive developers. Could become a consolidator in Ghana.
BUY
Very competent people running the company. Good project. Room for expansion. Recently started production. Probably as good as you’re going to get in Africa for a producing company.
TOP PICK
Conservative way to play gold. Has a hard asset value of $2.50 with a really experienced management team that wants to turn it into a flagship company.
TOP PICK
Likes the management team and the projects. It's a new mine in Ghana. Just went into production last month. One million ounces in reserves and easily 30% upside in reserves. Will probably be a takeover in the future. Slight discount to where the peer group trades. Expects excess profits in oil/gas will start to flow to gold.
TOP PICK
Has a 2 million ounce deposit in Ghana. The mine will produce about 130,000 ounces of gold at a cost of $210 an ounce.
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