BUY ON WEAKNESS
Gold play in Tanzania. Have come up with some great drill results and have been successful with follow-up drilling. Has run a little ahead of itself on the valuation but would like to get in at a lower price.
DON'T BUY
About 7 million ounces of gold in the Central African Republic. Were in the process of being sold to a new management last December but that fell through and is currently dead money.
COMMENT
Of all base metals, zinc is the one he is most positive on because China has increased zinc consumption but is cautious about a double dip in the economy. Great base metal company with lots of cash. Likes the new CEO. Would like to see the company broken up which would give it a lot more upside.
BUY
Have done exploration outside of the mine location in the last 1-2 years and found some veins that seem to line up with the ones in the mine. Sees a significant increase in the resource size and wouldn't be surprised to see another 5-10 million ounces in the next few years. Well cashed up.
BUY
Near a 52-week low in the valuation is very cheap but you may have to be patient. Under performed for the last couple of years. CEO announced he was not going to do any acquisitions so investors expected there would be no growth but he sees growth on a per share basis.
HOLD
Has come off quite dramatically and he has been looking at it. Has a strike at one mine as well as some operational difficulties. Didn't achieve objectives in the last couple of quarters. Open pit has a 5-year life and then they'll have to go underground. A “show me” story.
TOP PICK
This is gold exploration so should be part of a diversified portfolio. Deposit they have looks very interesting, quite large and only 15 km away from the Brazauro properties in Brazil. Also have property in Coringa, which has 300,000 ounces.
TOP PICK
Gold production in Brazil. Small amount of net debt. Contrarian view is that it has been punished. Near its 52-week low. Production is growing from 155,000 last year, up to 200,000 this year and north of 300,000 next year and possibly 600,000 in the next 5 years.. Very cheap.
TOP PICK
Looking for a strong 2nd half. Trades at about a 2/3rds discount to some of the other majors.
PAST TOP PICK
(A Top Pick Sept 9/09. Up 25.86%.)
PAST TOP PICK
(A Top Pick Sept 9/09. Up 75.61%.)
PAST TOP PICK
(A Top Pick Sept 9/09. Up 14.01%.)
STRONG BUY
Highest quality in the land. He has been holding it for the long term. Very well run company. Heavyweight in New York and Manhattan. Can’t say anything against it. 3.6 Dividend.
RISKY
Doesn’t know how much the market will be overloaded with lithium. It has to develop its asset. If you believe in the onset of electric cars, then you could speculate on this. Main competition is American Lithium.
BUY
Zambia based copper producer. Stock has been improving in the last few days. It gets waterlogged in the mid-$4 range. Owned it for the long term. Doesn’t know how much higher it goes until either it expands its copper asset or the price of copper goes up.