Opinions
Robert Cohen B.A.Sc., MBA, CFA
Terrane Metals
TRX-X
DON'T BUY
Jan 12, 2010
It is a low-grade project. This is why gold corp. did not proceed. This has challenging economics at these metal prices. Fairly valued. There are other things out there that he prefers.
$1.340
Stock price when the opinion was issued
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BUY
Has a lot of trouble getting investor respect. Very attractive copper/gold deposit in northwestern B.C. Took a hit when Galore Creek project was put on hold. Really unfair as Galore Creek was inaccessible but this one has road accessibility. An overhang has been Goldcorp’s (G-T) position in the company but management is working on some arrangement to convert the convertible shares.
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BUY
Grossly undervalued. A couple of recent positive developments. Goldcorp (G-T) possibly signing an option to convert convertible preferred shares (about 2/3rds of this company's equity) into a joint venture in the world-class Mount Milligan project. Also guaranteeing a $40 million loan for this.
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