WEAK BUY
If they have a major discovery in their Redlake properties, it would be very positive for the stock price. Exploration there is a little more challenging but positive. You'll have to be patient with this stock.
PAST TOP PICK
(A top pick Jan 23/04. Up 1½%.) Their gold projects in Mali looks like it will be positive. Also has strong prospects in Eritrea for both copper and gold. Undervalued.
BUY
The trend they are drilling on now in Ghana, is very exciting. Drill results have been good and more drill results are on their way. President just died, but feels that management will be able to carry on.
BUY
Very positive on the copper market which should be very good for this company.
BUY
The economics of their Venezuela holdings is not quite as good as a property near by. The gold grade is lower, but the copper grade is higher.
BUY
Price has dropped because of the recalculation of capital/operating costs estimates. Will probably produce free cash flow of over $300 million a year. Have to be patient because it is an undeveloped copper/gold mine.
TRADE
Slowly reducing their hedge.
BUY
While they only have a production base of under 100,000 oz. a year in Brazil, they will be building two mines in Turkey. Once they get into production, the stock should rise.
BUY
Getting terrific exploration results from both their projects in Mongolia. Could be a very exciting exploration play.
DON'T BUY
And US-based silver producer. Developing a mine in Chile as well as one in Argentina. A lot of the silver stocks are reaching a lofty value. Has sold some of his holdings off.
PAST TOP PICK
(A top pick Jan 23/04. Up 4.2%.) Some major companies have been buying into part of their holdings in Turkey. Their exploration upside is excellent.
PAST TOP PICK
(A top pick Jan 23/04. Down 14%.) Have to be patient with a lot of the exploration companies. Still likes.
BUY
Very positive on energy stocks in general, particularly uranium. There is most likely a global shortage of uranium for reactor use ahead. This company owns just over 30% of the global uranium market. Also a gold play.
BUY
Have just upgraded their reserve resource picture from three years to six years. Slightly undervalued. Exploration potential is positive going forward.
BUY
Likes the story. Undervalued, even off its current asset base. The market doesn't appreciate a lot of its exploration properties. Probably working on a dozen of them and some are showing very positive signs.