TOP PICK
A gold story that has been overlooked. Very economic Mexican deposit. Expect they will be acquired and candidates would be Silver Standard (SSO-T), Goldcorp (G-T) or Penjoles (?), a Mexican gold company.
TOP PICK
Silver. Have 2 deposits that he thinks are economic. A high-grade deposit in Peru and one in Mexico. Feels this will be a takeover in the next 12 months. If they don't, shareholders will have the cash flow in a 2 to 3 year time frame. Has $12 to $13 million in cash. Very cheap.
TOP PICK
Merging with 2 other companies and will have its name changed to RAM. Thinks geothermal is probably the single most attractive resource opportunity. He is a bull on energy particularly alternative energy.
PAST TOP PICK
(A Top Pick March 3/09. Up 76.39%.) Owns mineral royalties on a global basis. Most important royalty is a 2.7% on the Voisey’s Bay nickel deposit. Trades at about 80% of NAV compared to competition of twice that. Expect that either market will catch up or a competitor will acquire it. Good Buy.
PAST TOP PICK
(A Top Pick March 3/09. Up 46.29%.) Gold. A superior name among junior producers. Strong balance sheet and very well run. Hold.
PAST TOP PICK
(A Top Pick March 3/09. Down 7.66%.) $185 million in cash. Still a Buy.
WAIT
Natural gas. Thinks this will do reasonably well in the long term. Near-term outlook for natural gas is very poor. Expecting a major drop in natural gas stock prices in April/May. That would be the time to buy.
COMMENT
Energy. A lot of Canadian companies have a fair bit of leverage on their balance sheets and these reset in the spring after the companies get their 3rd party engineering results and report them in their annual reports. Resets often cause downward revisions from the Net Present Value of assets. Expects a cataclysmic bottom in natural gas stocks in April/May with a once in a decade buying opportunity.
BUY
Likes the merger with West Timmins Mining (WTM-T) and is mystified by the market's response. West Timmins is one of the premier exploration districts globally. If you own, consider taking some profits. If you don't own, this is a good exploration asset.
BUY
Really likes the deposit and is very happy with the performance of the management. Good balance sheet. The deposit of about 10 million ounces can only grow.
COMMENT
One of the class acts. Working through some operational challenges now. Likes uranium in the longer term but is still working through excesses when it peaked 2 or 3 years ago. Believes energy prices will be rising in the next 4 to 5 years so the outlook is quite promising.
BUY
Has been unusually successful with the drill bit. Geology where they are drilling is very positive.
BUY
European alternative energy in Serbia. Has very nice development stage assets. Speculative.
COMMENT
Lithium market is horribly overblown and will get more so. Long-term demand looks strong because of batteries but long-term supply is equally strong. If you are willing to speculate without worrying about fundamentals, the lithium story probably has a long ways to go.
COMMENT
Lithium market is horribly overblown and will get more so. Long-term demand looks strong because of batteries but long-term supply is equally strong. If you are willing to speculate without worrying about fundamentals, the lithium story probably has a long ways to go.