Has continued supporting them through financings over the last several years because he feels there is a huge amount of value in their assets. Have assets in Timmins right next to Goldcorp’s (G-T) mills. One day assets will be processed there and it is only a question of time. Not adding to his position right now.
Has continued adding to his holdings. This is one of these stocks where capitulation selling has gone on. Valuation is absolutely ridiculous. Have a very nice asset joint venture deposit in Timmins. Expects that one of these days, Goldcorp (G-T) is going to buy them out with a nice hefty premium.
(A Top Pick Sept 28/12. Down 66.67%.) An exploration company and they continue to come up with good results. Juniors have been decimated here because this is not a cash flowing company. They have proved up a few million ounces and he expects them to continue to do so. They are doing everything that he wants them to.
Market doesn’t care about these small exploration stocks right now. Have a deposit in Timmins right next door to Gold Corp. It is truly spectacular. Gold Corp could make a bid for them some time.
(Top Pick Sep 28/12, Down 53.33%) Gold price destroyed. Was up 25% earlier today because they came out with excellent drill results. They continue to deliver on the drill results.
For the time being it falls into the category of junior gold explorer. Still has some cash but no one cares about these types of companies and projects. They are bottom of the barrel. Not a bad stock, company or project, but right now it is in a part of the market that is out of favour.
Thinks they should get taken out by G-T. The joint venture is very attractive.
Down quite a bit but feels this is just a function of the rest of the market where small juniors have come off quite a bit. Had excellent drill results and they continue to do what they said they would do. He has been adding to his position at these prices. Very cheap. At some point he thinks it will be a consolidation play.
Likes it. Continues to support them. Found another parallel zone. Timmins – quite attractive. Gold Corp (G-T) should just buy the asset.
(Market Call Minute.) Cheap and has a number of great assets.
One of the best stories he has heard in many years in the resource sector. Trades at around $15 per ounce in the ground. A lot of insider buying. Have come out with very good results. Currently has about 2.8 million ounces and they say they can get to 5,000,000 ounces just through the drill bit over the next year or so.
Temex Resources Corp. is a OTC stock, trading under the symbol TME-X on the (). It is usually referred to as or TME-X
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