DON'T BUY
Great geologists working on this. Have roughly 2.5 million ounces with an average grade of about .8 g per ton. Economic cut off is .5 g, which gives you only a .3 g margin. Also mineralisation is a radically distributed through the ore body. If gold goes to $2000, this will do well.
BUY
Fantastic gold deposit in Eritrea. High-grade gold cap that makes lots of money. Financed now. Should do well.
BUY
Seem to be defining 1 ore shoot and new drilling is quite spectacular so there may be another shoot. Could be a takeover target.
DON'T BUY
Ocean floor exploration. Have a little rift off the coast of New Guinea. An interesting scientific experiment but doesn't think it is really an economic endeavour.
DON'T BUY
Have gone in and old district and mining what the Mexicans missed and finding stuff at an OK grade. That material doesn't last that long.