Paul VanEeden
Virginia Gold Mines
VIA-T
TOP PICK
Apr 29, 2005
Have made a discovery in Quebec which has the ear marks of a major discovery, 1.5 to 2 million ounces possibly. As it grows it is attracting the attention of more and more major mining companies.
Not widely covered which is one reason he likes it. It's under acccumulation. A new high in a gold stock is very rare these days. Have a potential gold deposit which is starting to look bigger than what the market originally thought 5/6 months ago.
(A top pick March 2/05. Up 54%.)The Quebec Eleonore findings looks like a potentially major discovery. It's high grade at surface consistant. If everything goes wrong the stock may drop by 50%, but the upside could be a doubling of the share price. Not cheap.
Probably the best discovery in Canada in quite some time. Good management. Stock is probably ahead of itself. Some other companies in that area are Everton Resources (EVR-X) and Beaufield Consolidated (BFD-X). (Penny Dreadful speculations right around the Virginia property.)
Have a big gold deposit in Northern Quebec. Have 3 drill rigs on it at the moment. Thinks it has the potential for larger than 300 million deposit. Also have other assets that have a lot of merit.
Had great discoveries and there was a lot of takeover speculation, but got ahead of itself. Could be a little bit lower. Still a primary takeover target. Looking out to 2006, it should continue to be one of the better market performers.