Would like to see the resource calculation to see if they are inferred resources or measure indicated. If they add 300, 000, it becomes more interesting but in order for him to make a profit, the economics of scale are not there.
Very good management team. The deposits they are operating are decent. There is some copper associated with it which is a risk. He is bearish on base metals.
A tricky one. Have a very small mine in Ireland that they are trying to put into production as well as a small jewellery division. There is no clear indication of what they are trying to be. Gold deposit is very small.
Not bullish on uranium. They are drilling a basin in Quebec and the drill results where just so so. He is holding his stocks because he would like to see the next assay results.
Very well run company. Very attractive land position in Ecuador. Very close to elections and it is a question if they are going to move more to the right or left. There are very good indications that they could have something. They have joint-ventured it.
(A Top Pick Aug 26/05. Up 82.2%.) Doing a feasibility study for building a refinery in Newfoundland. Excellent track record of creating shareholder value.
(A Top Pick Aug 26/05. Up 44.1%.) One of the most competent exploration teams anywhere, especially in Nevada. Have very good properties which they can joint venture.
Their Spanish Mountain project in B.C. looks like it has the potential to grow much larger. Very levered to the gold price. Relatively low grade as well as unknown metallurgy. Won't be very exciting until there is 2 million plus ounces. Doesn't expect anyone to take it seriously until there is metallurgical testing.
Has an enormous poly-metalic deposit in Minnesota but it has 2 very big problems. It is extremely low grade and it is poly-metalic meaning there is a lot of different minerals which are difficult to extract.
Likes this company but wouldn't buy more at this price if the market is going to drop lower. If you don't own, this is a very cheap price. One of the most smartest, competent management teams that you could ever find in an exploration company.