DON'T BUY
Diamond producer. Significant run-up late last year because of a kimberlitic pipe called “Musk Ox”. Still trying to determine its size. Jericho mine just went into production. Will announced their quarter Aug 3rd. Stock is fully valued for Jericho.
BUY
Joint venture with Aber Diamonds (ABZ-T). The pipe looks quite exciting. About 25 kms from Aber’s Diavik pipes. Early indications looks like 30 million tons grading at about 1 carat per ton valued at about $100 per carat.
DON'T BUY
Has only a token holding of this stock. Mongolian government put through excessive royalty taxes. They'll have to eventually change, so for the long-term, it could be OK. In the short term, it is a very unattractive country to invest in.
BUY
Takeover candidate. Just put their Kisladad mine in Turkey into production. Building another smaller mine in Turkey (Efemcukuru) as well as a mine in China going into production at the end of this year. Also doing work in Brazil. Terrific management.
BUY
Made an exciting discovery in Ecuador that has 800 metres of strike. Looks like at least 150 metres vertical extent with width still to be determined. Good management.
WEAK BUY
Recently merged with Desert Sun Mining. Major focus are copper/gold deposits in Brazil. Fully priced, but you will get leverage with rising metal prices.
BUY
Feels that the gold/silver ratio will trade within a reasonable band so there will be upside with the silver price. Stock dropped because it was overvalued because of a lack of silver companies. This should now participate with the silver prices.
BUY
A junior exploration company but Contact Lake is a very rich mineralisation area. Home to several historic silver and uranium producing mines. There is a good chance they will have some good results.
WAIT
Run by one of the top diamond explorationists in the world. This company and Contact Diamond (CO-T) have proposed a takeover of Ashton Mining (ACA-T). If you put these 3 companies together, you end up with a combined capitalization of about $250 million. This gives it a bit of firepower. Wait to see if the merger goes through.
HOLD
Recent report indicates approximately 100 million silver equivalent ounces. Not widely covered. Fairly valued, but more upside from finding more ore.
PAST TOP PICK
(A Top Pick Jan 11/06. Up 3.3%.) Their flagship mine is in a bit of transition right now because of expansion. Still likes. Should have very good upside.
PAST TOP PICK
(A Top Pick Jan 11/06. Up 22.5%.) Still likes.
PAST TOP PICK
(A Top Pick Jan 11/06. Up 48%.) Should still go a lot higher.
TOP PICK
One of the best managed mid-cap gold companies with a tremendously good growth production profile. Have some really good upside since they took over Western Silver late last year with its Penasquito mine.
TOP PICK
Putting the Minto mine in the Yukon into production. Stock is tremendously undervalued. Have a lot more exploration potential.