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Opinions Kenneth P. Norquay, CMT
Rainy River Resources LtdRR.TOCOMMENTApr 17, 2007
A penny stock that is participating in the action. The way you play this is, if it is going to go up from here, there is a spot at about $4 were you could put a stop/loss. If the volume picks up, then you can participate.
$4.70
Stock price when the opinion was issued
precious metals
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COMMENT
Sold his holdings because he wasn’t comfortable where management was taking it. New management has turned it around. Large disseminated deposit and the question is, how disseminated is it really. They are at the stage where the question is what is this thing and how are they going to mine it.
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PAST TOP PICK
TOP PICK
Gold. Exploration, not production but has an identified resource. In Ontario so no political risks. Very large exploration budget and has been very successful. Have allocated money for 2011 program. Extending their drilling deeper where grades are better. Expect to see a new and larger resource by next year.
Veronika HirschOwned
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BUY
Great deposit. Have about 2.5 million ounces in pit. Another 2 to 3 million that falls outside of the pit. His model shows this at about $4 a share. Good takeover target for an outside company. Have about $24 million in the bank, which should get them through this year and into next year.
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COMMENT
Doesn't own any of the big Canadian developmental deposits because Canadian ounces are valued in the Canadian markets at higher prices than it is valued in other places. They are very good in exploration and he believes the resource they will report on the 43101 will be bigger than the market expects.
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