TOP PICK
Very constructive on copper. Based in the Congo, which has the best global copper resources. Recently was the subject of a hostile takeover, the stock spiked and then fell back to $12 after the offer failed. Recently a merger with Nikanor Mining. By 2011 this will become the world's 4th largest copper producer and the world's largest cobalt producer. Combined, it will be worth $23.
TOP PICK
A 2-project company. Recently purchased a gold mine in Mauritania. This is the one of the Lundin (LUN-T) companies. Finding a lot of high-grade deposits in Uganda. Thinks they can do about $.50 on a cash flow basis next year.
COMMENT
An exchange for N.A. loyalty points program. Have recently been signing contracts and has done incredibly well lately. At these levels he would have to do some evaluations. Has a high growth profile.
BUY ON WEAKNESS
Solar space and alternative energies. Recently raised some money and in the process of building a solar cell plant in Germany to be opened in the middle of 08. Also have technology to give solar cells 18% efficiencies versus the current standard of 15%. Solar silicon can be a risk for them. He has tended to stick with bigger companies and hydropower and LED technology. Too expensive for him.
STRONG BUY
Gold producer. A favourite of his company’s precious metal specialist. Under recognized by the market. 80 kilometres away from the Red Lake camp, one of the most prolific gold camps in the world. Have been discovering more gold in the area. Expect they will ramp production over the next couple of years.
HOLD
Have been having some interesting discoveries in Argentina. Struggled this year because of lower success in exploration and Argentina legislative issues towards oil/gas. Prefers others such as Oilexco (OIL-T), Pan Orient (POE-X) and TriStar Oil (TOG-T).
DON'T BUY
2 business, Venture Steel, a steel distribution company and a fabrication business for retail and automotive. Has struggled with low utilization levels of its capacity and has taken on an inordinate amount of debt. End market demand is also weaker. Fairly valued.
WEAK BUY
Plays on the infrastructure/capital-spending theme that will drive a lot of stocks over the next 5 years. Buying small private businesses such as train brakes, undercarriages, doors, etc. for rails. Thin margins but they seem to be doing OK. Prefers Greenbriar (GBX-N). Rails have been under spending on capital and this has to be resolved in the next few years.
TOP PICK
This one is riding on the great agricultural and harvesting boom. Brilliantly run. Also has a great potash deposit in Saskatchewan. Just acquired a rival in the US.
TOP PICK
Owns global stock exchanges. This is possibly the only vehicle for this. Stock exchanges are great things to hold.
TOP PICK
Will be listed on the TSX early 2008. Saskatchewan. Potentially could be a 10 billion barrel oil sands. A way of getting out from under the Alberta tax regime.
PAST TOP PICK
(A Top Pick Nov 22/06. Up 128.8%.) There are only about 5 useful mining companies in Canada. If you own, continue to hold.
PAST TOP PICK
(A Top Pick Nov 22/06. Up 5.8% plus distributions.) Still likes. Also in the Internet business.
PAST TOP PICK
(A Top Pick Nov 22/06. Up 7.7%.) Recently announced a delay in the setting up of its gas plant in Tanzania. It will take time to get cash flows flowing through. Has an extraordinarily rich oil bearing territory in Uganda. Still a Buy.
BUY
There are only a handful of uranium producers around the world. As a diversity of locations.