Jaime Carrasco
Trelawney Mining
TRR-X
TOP PICK
Jun 14, 2011
Have a discovery in Timmins. Good drill results. Very bullish on gold. Have only drilled on about 30% of the property so there is still a lot of upside. Good takeover target.
Northern Ontario. Low-grade at about 1 gram a ton. They keep stepping out of their resource and finding great mineralization. She estimates anywhere from 7 to 8 million ounces down the road.
(Top Pick Apr 29/10, Down 12.33%) This is a very good takeover candidate for any of the majors. Big deposits like this are just not found. Keep coming out with consistent results – and property is quite big.
Stock is down, but at this price it is a good entry point. Disappointed in their money raising as they didn't need it with their $90 million in the bank. World-class asset. Have a 43101 for 4.3 million shares. Continue to drill out and uncovering more gold. Could be a takeout candidate.
Really likes the stock. It has come off again with the rest of the gold sector. They have continued to build out the resource. They had one step out but it didn't hit as high a grade as they were expecting. Believes they are at 7 million ounces today and could still get to 10 million.