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Western Gold Fields (WGI.TO)

WEAK BUY
Highly leveraged to the price of gold. Close to production. Relatively low grade and, therefore, tighter operating margin operations.
TOP PICK
(A Top Pick Sept 7/06. Down 20.2%.) Lowest risk, highest reward in a gold stock. Reserves should be over 3 million oz. by the end of June.
PAST TOP PICK
(A Top Pick Sept 7/06. Down 9.5%.) Going into production in 2008. Has 3.5 million ounce reserve plus resource. Great long-term hold.
BUY
Bullish on where gold is going in the next year or two. Has a great development property in California.
WEAK BUY
Highly leveraged to gold price, so if you think the price of gold is going up, this will perform well. Doesn't find the Mesquite mine is of a quality that he is looking for.
TOP PICK
(A Top Pick Sept 7/06. Down 14.1%.) California, Nevada area. Good management. 2.5 million ounces in reserve already with another million or so in resource that is likely to expand. The cheapest in the “near-mine” universe.
COMMENT
Doesn’t invest in development projects. They are developing the Mesquite mine in California. Competent, experienced management. Low-grade deposit. Will move up with gold as it is in the US. Believes California has a high political risk and is not mining friendly.
WEAK BUY
Planning on putting the old Californian Mesquite mine back in production. Large tonnage, low grade, so you have super leverage to the gold price. If gold prices you make a lot but the reverse is also true.
TOP PICK
Strong management. Good assets with 3.5 million ounce resource of which 2.5 million ounces were reserved.
Showing 31 to 39 of 39 entries