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PAST TOP PICK

(A Top Pick Oct 30/12. Down 29.09%.) Still, a big believer in this company. Good management. A lower cost producer. Still a Buy.

Mining
PAST TOP PICK

(A Top Pick Oct 30/12. Down 57.43%.) Not doing too much on their Norway project and will probably joint venture it out. Their main focus is in Ireland where they have a 2.7 million ounce resource. Have scoping study that is showing great numbers. Going through the permitting process and will be drifting underground next year. The owner is still buying shares.

precious metals
PAST TOP PICK

(A Top Pick Oct 30/12. Down 13.07%.) One of the most successful mine builders in the industry. Have just gone into commercial production in Guatemala and are shipping concentrate on a daily basis. Doing a bit of tinkering and getting recoveries up in certain areas. Will be producing about 19-20 million ounces of silver.

Mining
COMMENT

CEO is probably one of the best explorer/dealmaker that he knows. In the last couple of years he has put together a very strong team of operating people. Have a bunch of interesting assets. Has a joint venture with Goldcorp (G-T) in the Red Lake district. Doing a feasibility study on a Hardrock project which, potentially, could be one of their 1st operating mines. Also, have a project in Nevada.

metal mines
COMMENT

Have done some interesting things. New CEO has put a lot of his money into the company. Just announced a deal with Newmont (NMC-T) to buy the Midas Mine and financing it through Franco-Nevada (FNV-T). There is now the potential to see a company that has a decent deposit with high grades going into production. Very interesting story and he has to do more work on this.

precious metals
BUY

Have some higher operating costs and they have to try and bring those down and have been working on this. Nice big dividend yield of about 5%, but there is a risk it could be cut. Reasonably strong balance sheet so they don’t have to do a cut immediately. With a much higher gold price, he could see this potentially going back to $20.

precious metals
HOLD

Incredibly cheap. Its cash is pretty close to its Market Cap. Have about a 500,000,000 ounce resource where there have been studies and feasibilities on it. If you own it, keep it in the closet for brighter, sunnier days, because these things will not stay down here.

metal mines