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Curated by Michael O'Reilly since 2020
1550+ opinions with 4.81 rating (one of the best performing expert)

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Stock Opinions by Joe Mazumdar

N/A
A Comment -- General Comments From an Expert
Markets. [Brian Cook and Joe Mazumdar guests] They are seeing a lot more money coming into the mining sector but it is very selective. The juniors need a higher gold price. Less people are interested in the juniors right now. They are now seeing solid projects that are oversubscribed. ABX-T is promoting their working with juniors. Larger mining companies recognize that their own production profile is dropping off.
Unknown
BUY
Mag Silver Corp
They have probably found the richest new silver discovery in the last 20 years, in central Mexico. They own 44% of it. Given the pullback from last week, this is a great time. They don't need leverage to silver.
precious metals
BUY
Roxgold Inc
It is a high grade underground gold deposit in West Africa. The company has been generating free cash flow. It is a good management team and they are starting a new project also in West Africa. There is a security risk in these areas, however.
precious metals
BUY
Equinox Gold
They are merging with Lee Gold. You can't get much better in a management team. They are building up a base. It should do well.
Mining
BUY
This was part of the old gold rush. They were drilling a North-South structure and now they are drilling North West and they hit a high grade vein which is now delineated. Now they have to find more. This is a safe jurisdiction with good infrastructure.
Mining
N/A
A Comment -- General Comments From an Expert
Silver. Silver is a gold bug on meth. Some companies with a high exposure to silver sometimes see a premium. 50% of the demand is industrial, rather than speculative.
Unknown
BUY
Yamana Gold Inc.

They basically broke up the company to have the marginal Brazilian assets in Equinox. They sorted out their balance sheet.

precious metals
DON'T BUY
It is supper big but not super rich. Other companies were in and pulled out. He has his doubts about it over the next 10 years or so. The problem is that most of the metal is at depth. There may be some debt issues.
precious metals
DON'T BUY
Belo Sun Mining

They have some issues with locals. They re-submitted an indigenous document and so we have to see what happens. It is a leveraged play in the Amazon.

precious metals
DON'T BUY
Trevali Mining Corp
He used to own zinc plays but the peak is gone. It is not a falling knife that he wants to catch.
Mining
PAST TOP PICK
Premier Gold Mines
(A Top Pick Oct 16/19, Down 28%) It is like everything that could go wrong did go wrong. Their Mexican mine did not meet guidance and did not generate enough free cash flow. Their 50% cash flow in a north Ontario deposit has had the partner cause a delay in the capital spending. They had to raise money for their joint venture in Nevada where it is accelerating in spending. It is highly levered.
metal mines
PAST TOP PICK
Trilogy Metals
(A Top Pick Oct 16/19, Down 2%) The big catalyst would be to have South 32 come on for them. The next big catalyst for them is to have the Ambler Road permitting exercise come through. They expect the decision in the next 6 weeks.
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PAST TOP PICK
Mirasol Resources
(A Top Pick Oct 16/19, Down 24%) It is a prospect generator in Chile and Argentina. Their enterprise value is very low. They have a very high working capital position. Their permitting on drilling is slower than anticipated.
precious metals
BUY
Barrick Gold

ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.

precious metals
BUY
Newmont Goldcorp

ABX-T owns the majority of the joint venture and NGT-T owns about 40%. This is a deal that should have happened a long time ago. You had all these ounces that could be treated at a plant next door but you could not do that and it was not economic to do so at another plant. It shows some sanity to generalist investors. ABX-T did the best out of it.

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