Terrane Metals (TRX.V)

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.

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.

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.