Stock Opinions by Rick Rule - Stockchase Experts
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Rick Rule @

On Stockchase since : Mar 2005

Pres. & CEO at Sprott USA

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Stock Opinions by Rick Rule - Stockchase Experts

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COMMENT
General Market Comment 

November 6, 2018

The US Midterms--happening today--are usually bad for the incumbents. Tomorrow, we could have a rally because there's so much liquidity given the U.S. tax cut, artificially low interest rates. If the Democrats control both houses, liquidity would diminish and be bad for markets though. Also, there could be gridlock ahead in Washington but good for markets, because there'd be no interference from either party. Commodities should rise on a valuation basis. The commodities complex id priced near/at the price of production. Also, commodities are also economically sensitive--we are in the 9th year of an economic recovery and he can't see this lasting. Also, Americans and Canadians make the mistake from looking at the world economy through an American lens. We should consider MANY parts of the world instead.
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The US Midterms--happening today--are usually bad for the incumbents. Tomorrow, we could have a rally because there's so much liquidity given the U.S. tax cut, artificially low interest rates. If the Democrats control both houses, liquidity would diminish and be bad for markets though. Also, there could be gridlock ahead in Washington but good for markets, because there'd be no interference from either party. Commodities should rise on a valuation basis. The commodities complex id priced near/at the price of production. Also, commodities are also economically sensitive--we are in the 9th year of an economic recovery and he can't see this lasting. Also, Americans and Canadians make the mistake from looking at the world economy through an American lens. We should consider MANY parts of the world instead.
Unknown
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.020
Owned Owned
Unknown

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DON'T BUY
Eldorado Gold(ELD-T) 

November 6, 2018

It's been really hammered through production shortfalls. It looks cheap, but investors question how they can allocate capital effectively.
precious metals
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It's been really hammered through production shortfalls. It looks cheap, but investors question how they can allocate capital effectively.
precious metals
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.970
Owned Owned
No

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DON'T BUY
Americas Silver Corp(USA-T) 

November 6, 2018

Highly leveraged to an increased higher silver price. This is popular with Americans and silver bugs, but he wouldn't own it.
precious metals
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Highly leveraged to an increased higher silver price. This is popular with Americans and silver bugs, but he wouldn't own it.
precious metals
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$2.730
Owned Owned
No

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COMMENT
The Barkerville district has a lot of prospectivity. Their individual drill results are excellent but under the control of the Osisko company. He doesn't own it, because has a hard time getting the drill holes to tie together. That said, the district has a lot of promise and the exploration team is strong. The stock could go higher.
precious metals
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The Barkerville district has a lot of prospectivity. Their individual drill results are excellent but under the control of the Osisko company. He doesn't own it, because has a hard time getting the drill holes to tie together. That said, the district has a lot of promise and the exploration team is strong. The stock could go higher.
precious metals
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.405
Owned Owned
No

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BUY
Ashton Bay(BAY-X) 

November 6, 2018

He cautions people against sole-risk exploration in the far north, but the target is attractive and the managers very good. Caveat: it's aa very thin market cap stock.
Mining
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He cautions people against sole-risk exploration in the far north, but the target is attractive and the managers very good. Caveat: it's aa very thin market cap stock.
Mining
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.060
Owned Owned
Yes

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DON'T BUY
Doesn't know if the infighting will end. He likes them from a geological point of view--in northwestern BC. But the political scene about mining is rapidly deteriorating in BC, so he's underweight BC.
precious metals
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Doesn't know if the infighting will end. He likes them from a geological point of view--in northwestern BC. But the political scene about mining is rapidly deteriorating in BC, so he's underweight BC.
precious metals
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.080
Owned Owned
No

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COMMENT
The new Fenelon gold discovery is interesting. High-quality group of people and area. You have to be nervous about sole-risk exploration, though.
metal mines
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The new Fenelon gold discovery is interesting. High-quality group of people and area. You have to be nervous about sole-risk exploration, though.
metal mines
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.210
Owned Owned
No

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BUY
Detour Gold(DGC-T) 

November 6, 2018

Recently bought it. They used to disappoint alot and have a hostile proxy fight with shareholders. It's a large, Canadian deposit. He believes they will solve their exploration problem. There's a lot of exploration upside.
precious metals
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Recently bought it. They used to disappoint alot and have a hostile proxy fight with shareholders. It's a large, Canadian deposit. He believes they will solve their exploration problem. There's a lot of exploration upside.
precious metals
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$10.530
Owned Owned
Yes

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COMMENT
General Market Comment 

November 6, 2018

How do you reconcile the difference between the spot price of gold and gold share prices? In the last bull market for gold from 2000-2010, the gold price rose $250 to $1,900/ounce, but earnings declined. Until management teams can effectively turn the gold price into cash flow, you'll see the gold share prices languish vs. gold prices. The companies that have the best leverage to gold are the inefficient producers (high costs). We need gold companies to show the same financial acumen as companies in other industries.
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How do you reconcile the difference between the spot price of gold and gold share prices? In the last bull market for gold from 2000-2010, the gold price rose $250 to $1,900/ounce, but earnings declined. Until management teams can effectively turn the gold price into cash flow, you'll see the gold share prices languish vs. gold prices. The companies that have the best leverage to gold are the inefficient producers (high costs). We need gold companies to show the same financial acumen as companies in other industries.
Unknown
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
Noront Resources Ltd.(NOT-X) 

November 6, 2018

Great management team and good geological potential. Ontario taxpayers will subsidize the company by building a road to the Ring of Fire--finally after 20 years. A deal has been struck between NOT-X and the indigenous people up there. NOT has done a great job up there.
precious metals
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Great management team and good geological potential. Ontario taxpayers will subsidize the company by building a road to the Ring of Fire--finally after 20 years. A deal has been struck between NOT-X and the indigenous people up there. NOT has done a great job up there.
precious metals
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.280
Owned Owned
No

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PAST TOP PICK
Emx Royalty(EMX-X) 

November 6, 2018

(A Top Pick Nov 09/17, Up 85%) They had an asset held for sale that nobody expected to sell, but they sold it for $200 million.
precious metals
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(A Top Pick Nov 09/17, Up 85%) They had an asset held for sale that nobody expected to sell, but they sold it for $200 million.
precious metals
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$1.700
Owned Owned
Yes

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PAST TOP PICK
Equinox Gold(EQX-X) 

November 6, 2018

(A Top Pick Nov 09/17, Down 1%) Chairman Ross Beaty is supposed to retire now, but he's had an amazing track record with four companies. The stock is a little down, because they had grown so fast that they had to do two stock issuances, which diluted the stock.
Mining
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(A Top Pick Nov 09/17, Down 1%) Chairman Ross Beaty is supposed to retire now, but he's had an amazing track record with four companies. The stock is a little down, because they had grown so fast that they had to do two stock issuances, which diluted the stock.
Mining
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$1.010
Owned Owned
Yes

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PAST TOP PICK
Ivanhoe Mines(IVN-T) 

November 6, 2018

(A Top Pick Nov 09/17, Down 45%) It's the best junior stock he's talked about in terms of potential. It has three world-class assets and run by the best mining entrepreneur of this generation. The problems are South Africa and Congo. Investors are afraid of political risks, especially ones they don't understand.
Mining
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(A Top Pick Nov 09/17, Down 45%) It's the best junior stock he's talked about in terms of potential. It has three world-class assets and run by the best mining entrepreneur of this generation. The problems are South Africa and Congo. Investors are afraid of political risks, especially ones they don't understand.
Mining
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$2.640
Owned Owned
Yes

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DON'T BUY
Royal Nickel Corp (RNX-T) 

November 6, 2018

They hit an amazing seam of gold. But he doesn't see enough geological information to assume a lot of material there, though the grade appears to be spectacular.
Mining
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They hit an amazing seam of gold. But he doesn't see enough geological information to assume a lot of material there, though the grade appears to be spectacular.
Mining
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.650
Owned Owned
No

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COMMENT
He's not a lithium bull, but if he was, he'd own this (plus two others). They can get their projects into production.
Mining
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0 comments
He's not a lithium bull, but if he was, he'd own this (plus two others). They can get their projects into production.
Mining
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0 comments
Rick Rule

Pres. & C, Sprott USA...

Price Price
$0.670
Owned Owned
No

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