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BUY
It's been caught up ike many of the juniors in the last year and there's been very little buying. This one is a very good situation 1) likes their exploration potential in the Red Lake district and 2) they've gotten involved in a Congolese venture which has a very larfge potential ore body. Very undervalued stock.
precious metals
BUY
In relation to a lot of the gold complex, he feels it is pretty well valued. If gold takes a big push forward, this and Newmont (NEM-N) will be the go-to stock in the large cap area. They're very aggressive and will be consolidating the industry. Will full participate in any upturn in gold.
precious metals
BUY
(Owns over 10% of the company.) With gold price of $450 or less, to produce gold, is consuming capital at an alarming rate. In the last few years, they let development slide, so have to catch up with development to get to the scopes to get the production they need. New management. Believes in management and the mine, but need a better gold price.
precious metals
BUY
These kind of companies will do well if the gold price moves up sharply. They have already absorbed the huge rise in costs, what remains is the huge rise in the gold price. Their projects in Nicarauga and Costa Rica are both mediocre, but will be very profitable if the gold price unfolds the way he thinks it will. Very cheap.
precious metals
WEAK BUY
If you look at their suite of assets, there isn't a company maker in the whole thing. They were hopeful that when they bought the other half of the project in Brazil, that it would be the one, but the Brazilian riel went way up in price. If the gold price goes up, people will go to this stock. Not one of his favourites.
precious metals
