COMMENT
Silver – This could be the decade for silver. Gold/silver ratio is currently 50 to 1 and feels it could go to 30 to 1 or even lower.
DON'T BUY
With the recent pull back he is looking at it. Interesting project but has concerns about the situation in Egypt and the rest of Northern Africa. There is no rush to go into this right now.
HOLD
Primarily gold in Argentina. Lindero project has had a feasibility study and is basically ready to go into production. Great management. Looking for new projects.
BUY
Has been quite flat over the last decade and he is frustrated with it. Quite cheap and has recently added to his holdings. Concerned about some of the rising costs.
BUY
All the large caps have been fairly flat over the last number of years. Very cheap on a P/E ratio. Keeps wondering what the catalyst will be for them to break out and move to the upside. Could be the dividend increases. Possibly will spin out assets other than gold. Believes a catalyst is coming.
BUY
Uranium. Spectacular company. Very early stage. Small and high risk. Cameco (CCO-T) is in their region. Also have some joint ventures. Have been drilling up some resources.
BUY
Growing gold ounce resources in Burkina Faso. Doing lots of drilling and infilling so they can get to a feasibility study, which they hope to have this year. Starting to drill deeper and thinks this is going to be a lot bigger than the current 2 million ounce that people are modeling.
BUY
Stock has gone sideways for most of this decade because very poor government relations with the Central African Republic where they have the multi million ounce gold deposit in the Passendro project. New management group seems to have pretty good relationships. Ministers seem to be opening up to mining. Very cheap and not pricing in success.
PARTIAL SELL
Loves agriculture, which is a very good place to be. Has had a good run up. In the long term it’s a good holding in a portfolio. With the recent run up, consider taking some profits.
BUY
Has reduced his position but if he didn’t own he would be a Buyer. Trading at one of the cheapest valuations.
TOP PICK
High risk/high reward. Tassawini gold deposit in Guyana. Have a half million ounces, which is trading very cheap at about $40 an ounce in the ground. Under priced, under owned and under known.
TOP PICK
Gold in Manitoba. New exploration and have found some great zones that seem to line up with their existing zones. Stock price has been a little weak but the reserves and resources they have are huge. Have the infrastructure and now they have to execute and increase the size of the mine. Very Cheap.
TOP PICK
Will do 750,000 gold ounces this year. A lot of it is organic. Not a cheap stock but they have earned the premium. Trades at a bout 15-16 times PE. Very well run company.
BUY
Likes this one. Great silver play. Have the joint venture play with Hochschild Mining. Also have a copper exploration play (Los Azures), which could ba an opportunity to have spun out.
PAST TOP PICK
(A Top Pick March 8/10. Up 226.58%.) Has been a great story and the stock has gone up dramatically. Just raised $45 million in a private placement.