Gold producer in Ontario and has been troubled in the last decade. Did about 50,000 ounces last year and will be ramping up to about 100,000 and then 200,000 in the next couple of years. Trading at a low valuation. Very good drill results.
Located in Brazil. Have 2.6 million ounces in reserve. Have a feasibility study of low-grade but only at about 150 m. Could be in production in a couple of years or could continue to grow their resource.
Great Buy. Well diversified number of mines in Brazil. First few years they where buying and building and did a very good job. Stated they will no longer be in the M&A game but will grow current assets. Not much growth for the next 1.5 years so you could see it trade sideways. 35% of revenue currently is copper and there could be a hiccup in copper. Very cheap.
Trimmed some of his position. Was a fabulous performer in the growth stage. Great management team. Will have to grow into its valuation and he personally thinks he can get others cheaper in the same area.
Have a play in Burkina Faso that they acquired from Rand Gold, which took a 20% stake in them. Some great drill results at about 80 m at 2.27 g. Extremely cheap relative to a lot of other companies.
Has frustrated him over the last decade. Very large resource in Central African Republic but, unfortunately there is no mining. Uneconomic currently because of the politics in getting permits.
Property in Indonesia in an area that hasn't been explored for much in the past. Drill results have been spectacular. Estimates of 5 to 10 million ounces of good grade and intercepts. Potential to be a mine. Still early stage and will be a long process.
Diversified mining company with a lot of copper, zinc and coal. Sold most of their gold resources last year to pay down debt. Will try to joint venture with small gold companies but don't want to be a full scale gold miner.