Osisko Gold Royalties Ltd. (OR-T)

US investors would look at FNV-T if they are looking at royalties and streaming. It is OR-T has gone through a transition over the years and is smaller and without the same following. He had his eyes on it in the past.

It has been hit by a few negative events. A write-down on an asset, for example. The impact to them is not that great, however. Also a mine came out with a lower grade than expected. It is okay to own but is relatively expensive. Sandstorm (SSL-T) is his preference in a royalty company.

If this company can accomplish their strategy, this is what he thinks would have the lowest risk gold exposure to what is a sensible plan to double his money in gold. It's not perfect, but this is what he has at the moment. Dividend yield of 1.4%. (Analysts' price target is $19.)

If you have a 2-year timeframe, this should treat you well. An extremely competent, but an extremely aggressive management team. There was a recent distribution of stock which he thinks was overhanging the market. Also thinks management, in terms of their financial public relations, is split among 3 or 4 issuers rather than just focusing on this company, which has hurt the stock.

Osisko Gold (OSK-T) owns a fair amount of acreage in the Noranda trend with some pretty interesting early stage gold prospects. An interesting speculation, but not the sort of thing he invests in.

(A Top Pick May 10/16. Up 4%.) A year ago, this company had a core value of $700-$800 million with $70 million potential cash flow. They have tons of cash.

This is not a bad name. It is a little more concentrated on fewer assets. He prefers Franco Nevada (FNV-T) for its diversification.

As a conservative investor, smaller gold companies would tend not to make it into his portfolio. Gold and interest rates tend to have an inverse relationship. If you believe rates are going to increase, it generally puts downside pressure on gold.