BUY
A large continental deposit, but there are political problems in Colombia. Are also concerns over cost overruns, can be managed. Worth buying overall.
DON'T BUY
Have had very good results but can tie them together. Also, it's a seasonal play in northwest B.C. so there won't be results till 2020.
PARTIAL BUY
The stock has languished vs. the gold price. He knows the managers; well-run. Buy a half-position now, then the other when they announce construction financing for the next project.
RISKY
Well-run. When the gold price moves, this will too. Own it if you believe this will happen and are patient. Long-term.
WEAK BUY
Likes and knows them, but they're behind schedule and overbudget on an Argentine goldmine which is a little politically unstable. They will work through these problems.
HOLD
He's worried about their market cap and deposit. But two big mining companies are fighting over it, which encourages him a little. Put a trailing stop.
COMMENT
They have a large low-grade and a smaller high-grade deposit. Can't justify the market cap here. But wouldn't discourage buying this either.
DON'T BUY
Cobalt is attractive but this is not a cheap producer, because they're in Canada and not Russia or Congo.
BUY
A high quality stock run by a hard-working CEO he admires. When silver moves up, FR will be a bellweather.
DON'T BUY
The location is good, but they've had operational problems, one after another. They also have high debt vs. cash flow.
BUY
It's fully priced yet a top-notch junior producer that's headed higher. They will do transactions well due to the skill of its CEO. They have a great spread of royalties.
DON'T BUY
Northwest BC is a seasonal play and the season is over--snowing now so there won't be news till June 2020. The entire play got ahead of itself. This will go lower before it goes higher--and it needs results to go higher.
WEAK BUY
Likes the managers and company. Quebec is great to explore for hold, receiving a lot of government support. He doesn't own sole-risk exploration companies, but wouldn't discourage investors from ECR.
TOP PICK
They have a developing tier-one deposit that they major would fight over. Downside is they haven't proven the huge upside, though they have proven the high grade. Also this is Bosnia, a post-conflict country without a mining code. This is a risky investment but offers great potential. He owns a lot of it. (Analysts’ price target is $1.74)
TOP PICK
Oil and Africa are both out of favour, so that's why he likes AOI. There's a LOT of political risk here, Kenya, but a billion barrels were discovered her which will reach markets in 2-3 years. They just did a $1.6 billion acquisition offshore Nigeria. A contrarian play. Be patient with this and avoid the headlines. (Analysts’ price target is $1.96)