Have a mine in place but are having some pretty good discoveries on another property. About 50% of the drill results have been reported. Have a low grade open pit mine. Numbers keep coming in pretty steady. There is a resource estimate coming out in the next couple of months.
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.
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.
(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.
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.
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.
Cote (?) Lake is the key. Just came out with a 43101 for 4.3 million ounces. This is only 50% of the drilling that has already been done, so this continues to grow. In a good jurisdiction (Ontario). Will be a good takeover candidate. RBC has a $7 target.
Did a great job in proving up their resource over the last 12 months. Recent 43101 shows 4.2 million ounces and expects this to continue to grow. Could be a take over target.
Have a large system that looks like it might bulk up into a minable open pit situation. The key to look at in these types of systems is how the mineralization is actually distributed. Is there one high-grade metre amongst 25 of very low-grade material or is the mineralization distributed evenly across? This is what you have to look at.