BUY

Enough cash to last them 4 years at least. A solid bunch of individuals.

BUY

A large deposit of gold and antimony. A very economic deposit. They have a long way to go. The permitting is doable and it is 4 or 5 years out. Then they will be a takeover target.

BUY

Global outlook for mining 2015/16. If the population increases and we keep using metals, then we need to produce more than we do now. We need to find more deposits than we are currently finding. Metals prices have to go up. 2015/16 looks very good.

HOLD

Platinum only comes from Africa and is used in Catalytic convertors. This stock is expensive and he has probably missed it now.

WATCH

Red Lake district and Thunder Bay. That whole mix there at some point is going to be an attractive acquisition for someone. Jump in when drilling shows they have something of size.

DON'T BUY

Large, low grade deposit in the Yukon. He would go elsewhere for exposure to gold.

DON'T BUY

If you up the cutoff grade, it all starts to fall apart. He sees the size potential

TOP PICK

Simple, high grade, high margin in a politically stable location. Good recovery and low cap-X to build it. Feasibility comes out later this year and then it could be an acquisition target.

TOP PICK

Has developed a proprietary technology to fly over gas and oil pipelines to detect leaks. There is 500,000 km of pipe that has to be surveyed. They currently use dogs to sniff out leaks. Now is a good time to get in, now that we know the technology works. They have pulled in some big contracts.

TOP PICK

A prospect generator. Extremely successful at exploration. They walk the ground as well as using all the high tech infrared radar, etc. These are best in class explorers.

COMMENT

Markets. The world is growing including China. If you have a real project. The world is not a bad place. A speculative frenzy just happens when you least expect it.

SELL

Just sold it. The company is doing very well and conservatively financed, but he feels the valuation is very extended. He took profits. He saw a better opportunity elsewhere with something that was less expensive. There is nothing particularly wrong with it.

DON'T BUY

He looks at it every year. There is a perception that uranium will come back, but it has not. Stocks are starting to discount a higher uranium price. Now stocks are extended. Prefers CCO-T, but is expensive too. Thinks U-T would be the best.

DON'T BUY

The gas price has done well because of the cold winter. He likes gas and wants to be invested in it. They are not super low cost so he has stayed away from it. LNG works if the gas price is low because other countries want to buy it then, but if it goes up they don’t.

DON'T BUY

Sugar is a commodity. He looks for stable businesses. Unbelievably stable business plan. Nat Gas is an input. However, now they are losing a few contracts. They won’t be able to get them back. This isn’t a business that can grow. He can’t figure out why they lost the contract so is standing back.