PAST TOP PICK
(Top Pick Dec 1/09, Up 321%) Great management, 5 Million oz gold in Canada. Has not trimmed his position. It’s getting a little expensive.
BUY
Has been a very sad story. Involved in central African republic. Have a resource there. Due to politics, it should have been a mine. Held onto it reluctantly. Looks like they may finally get their day in the sun. It is certainly looking interesting once again.
BUY
They will be going into development in the next few years. Where there are big mines, there are not an isolated occurrences. Tradewinds (TWD-V) already has a couple million oz on that property. You should own both.
PAST TOP PICK
(Top Pick Dec 1/09, Down 17%) It was a value play. They have huge assets. He hoped they could execute on a strategy and grow production. They had a number of set backs and he exited the position.
PAST TOP PICK
(Top Pick Dec 1/09, Up 95%) Acquired by Eldorado in the summer.
BUY
Just starting to buy it. He likes silver. Had a poor 2009/10 as they ramped up their first mine, as often happens. Have a new CEO. It’s cheap. They will be spinning out a couple of their gold and silver assets. They are a producer.
BUY
Likes it a lot. One of his top 10. Has had a large position for 2 years. They have no cash costs. They are a royalty company. They get paid whether the mind does well or not.
TOP PICK
Production of 90,000 oz. Potential to double output. Over last year they were constrained by debt and hedge book. Through joining two companies, they paid down much of their debt and half their hedge book. They have been in the penalty box because of hedge book and debt, but it is just a matter of time.
BUY
Thinks there is another mine in this company. This is a story that is going to unfold and he likes it.
HOLD
One of those stocks that every time he looks at it he thinks he sees value yet the stock has not been good to shareholders. Nice lands in west Africa, they’ve been doing some drilling. He is optimistic, but not expecting anything in the short term.
BUY
(Market Call Minute) Having some teething problems; have a new CEO, give them some time – it’s part of a core position.
BUY
(Market Call Minute) Spectacular drill results. They will be producing.