N/A
Gold isn’t going up so much as paper currency is going down. It is very positive when the US$ goes up at the same time as gold. Gold $1300-$1500 by year-end. He’s not looking for a pullback but it certainly could happen. Loves silver. Over 650 years, Silver has been 1/16 th the price of gold. It is 1/50 th now, so silver has quite a way to run.
BUY
Their largest shareholder is leaving them. He finds it a more attractive company this way.
BUY
Their drill rigs are very portable. People are going off into far off remote places these days. It’s not terribly expensive.
WAIT
Great exploration story over the last couple of years. Recently a couple of groups have show ownership of nuisance claims. Company is dealing with them. Thinks they will get resolution by the next quarter.
HOLD
Has not been a good performer in the large cap space. Some see too much copper, although it brings down their costs. This stock is very cheap. Several majors are trading cheap. Hang on to YRI and the majors. They are tending to increase their dividend. Probably you will see them all do it again in the coming year.
DON'T BUY
Pretty bumpy ride over the last decade. Have been building up mines. Has lots of cash and is well financed. They are continuing to do further feasibility studies. He thinks it is a little expensive.
BUY
Likes it. Idaho. Sunshine mine is back in production and silver is going up and these guys are starting to make some serious money.
RISKY
Have a number of properties that have not had much work on them in the last decade. It looked like there were a number of locations that should be drilled. Is convinced they have something but they have to find it.
BUY
He is excited about Uranium. Chinese are increasing the amount of power generated by nuclear. One of the best exploration and development companies for uranium.
HOLD
It’s been a great run. What’s driving silver stocks is the silver price, which he thinks is going further. Nothing wrong with taking some profits.
BUY
Gov’t decision went against them. Valuation looks quite attractive. Stay tuned.
DON'T BUY
(Market Call Minute) Fairly priced now. It’s getting at a level where it’s close to fair value.
DON'T BUY
(Market Call Minute) Interesting play, have large resources. Big potential. High cost operation (watch them).
TOP PICK
He has been involved with it for a number of years. One of the largest undeveloped mines in Brazil. People are starting to wake up and take a look at it. At some point there will be a re-evaluation on it. There’s a dam being built, completed around 2014 – cheap power for when they go into production with their mine.
TOP PICK
Lousy couple of quarters but it is cheap. At some point in time they will get the company fixed or they get taken out. Biggest risk is that someone picks them off for a song.