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News from April 2012
There are at least 50 mining stocks that are solid potential 5 baggers. That's the good news. That bad news is that we likely aren't at the bottom, so any stock you buy is probably a falling knife.
Seafield Resources had an excellent PEA this week and the stock went down! Incredible. It's trading at 15 cents.
Argentex was down to .27 cents and I was ready to pounce, then Bob Moriarty published an article on Monday and it ended the week at .40 cents. Thanks, Bob.
Levon Resources was... more
Added: Majestic Gold Corp
Majestic Gold is an emerging mid-tier producer. They will reach full production of 140,000 oz in about 18 months. Their Song Jiagou flagship project in China is a very low cost mine ($350 per oz) and will produce very high cash flow of more than $100... more
Added: Mundoro Capital Inc.
Mundoro Capital is a new project generator with 15 properties in Mexico on 500,000 acres. All of their properties are early exploration and they have significant plans to drill. They have $20 million in cash, so dilution is not a problem in the near... more
Added: Oroco Resource Corp.
Oroco Resource Corp. appears to have good management team. Usually it is difficult to fast tract a mine. But they already have permits and financing in place to begin construction of their first mine in 2012 with production in 2013. The project is called... more
Added: Atlantic Gold Corp
Atlantic Gold NL is a potential 10 bagger if they can get financing. They have two projects next to each other that have a combined 900,000 oz of production at a cash cost around $600. They have an experienced team and might be able to pull this off.... more
Added: Beadell Resources Ltd
Beadell Resources is brand new mid tier producer and a classic example of how to invest in mining companies. Prior to construction the stock was valued at $100 million. Once construction began the stock started heading higher. Three months prior to... more
Added: Aldridge Minerals Inc.
Aldridge Minerals has a late stage project in Turkey that appears headed for production in 2015 if they can get financing. They need to raise $200 million, so they might need to option the project to larger company. Their flagship Yenipazar project is a... more
Added: Minnova Corp
Auriga Gold is a near term producer and highly undervalued. Auriga is going to begin construction of their Maverick mine in Manitoba in 2013, and has a fully diluted market cap of only $19 million. They plan to begin production of 40,000 oz in the second... more
Added: Evrim Resources Corp
Evrim Resources is a new project generator. They obtained 8 early exploration projects in Mexico from Kiska Metals for a stake in the company. They have 3 JVs with Inmet and Valle, but they are early exploration projects. This a new company that will... more
Added: Independence Gold Corp
Independence Gold is new project generator. They have 27 projects, which are all early exploration and only a few are being explored. It is too soon to invest, but it might be a company to watch. If the Yukon becomes a large mining district they might... more
Added: Robex Resources Inc.
Robex Resources has an excellent property. The problem is the location: Mali. Are investors going to invest in Mali when they have a major political situation in northern Mali, where the city of Timbuktu has been overthrown by ex-Libyan military forces... more
Added: Silver Predator Corp
Silver Predator Corp. is a new company that is seeking a property for near term production. They have 20 properties in Nevada, Alaska, Idaho, and the Yukon, and are actively exploring 4 of them. They are spending significant resources ($5 million in 2012) more
Added: Silver Range Resources Ltd
Silver Range Resources is a new spinout from Strategic Metals. They are going to help Strategic Metals explore some of their properties. The first big project is Silver Range, a district size property with 17 known zones of silver mineralization. It will... more
Added: St. Augustine Gold & Copper Ltd
St. Augustine Gold & Copper has a very large project in the Philippines. Even when reducing resources and future cash flow to represent their 60% ownership, this is a potential 20 bagger. They will receive potential cash flow of approximately $250... more
Added: DELETE - Castle Peak Mining Ltd
Castle Peak Mining is a new company. They have a large property in the Ashanti belt in Ghana. Ghana is the second largest gold producer in Africa. Castle Peak started drilling in 2011 and found several veins. In a few years they will likely have found... more
Added: Nevsun Resources
Nevsun Resources is a mid tier producer. However, their flagship project is more of a copper (800 million lbs) and zinc (1.2 billion lbs) mine, than a gold mine. Gold production is 200,000 ounces in 2012, but then drops to 100,000 oz for the next 10... more
Added: Nicola Mining Inc
Huldra Silver is scheduled to begin production in Q1 2012. They will be a small producer of approximately 2 million ounces of silver equivalent (including zinc and lead). The actual silver production will only be a little more than 1 million ounces (at... more
Added: Bravada Gold Corp.
Added: Corvus Gold Inc
Corvus Gold is a new company, only two years old. It was spun off by International Tower Hill Mines. They have four promising JVs in Alaska where they own 45% to 49% as an equity partner. But those are just a plus. The real value of Corvus is their North... more
Added: Eastmain Resources Inc
Eastmain Resources is a project generator. All of their 17 projects are in mine friendly Quebec, Canada. They have two high grade gold projects that look promising, plus many other projects to drill, and a lot of cash. Their flagship Clearwater Project (E more
Added: Orvana Minerals Corp.
Orvana Minerals is an emerging mid tier producer. Their 2.6 million ounce flagship property in Spain begins production in 2012 and has a 10-12 year mine life. They are forecasted to have 70,000 ounces of production in 2012, which should quickly rise to... more
I've been following gold daily since 2004. There have been several up and down trends during that period. This current down trend which started in September is not over. The HUI has dropped from 630 to 440, a 30% drop. That is brutal. For Juniors, the drop has been more than 50% for many stocks. But it is not over yet. Keep your powder dry. At some point this year we will see a bottom for this current down trend.
Why haven't we found the bottom? Because the stock market has not rolled over,... more
Added: Ascot Resources Ltd.
Ascot Resources has two nice projects. Their Mt Margaret flagship project has 500 million tons of mineralized ore. My guess is that the gold will produce around 1.5 million oz (.24 gpt with perhaps 60% recovery rates). This is a copper (3%), moly (1%),... more
Added: Black Dragon Gold Corp
Astur Resources appears to be a 5 bagger. They have a 1.5 million oz resource and plan to produce 130,000 oz per year for 10 years. That is not a very long life mine, but they have a fully diluted market cap of only $43 million. They should be able to... more
Added: Azimut Exploration Inc.
Azimut Exploration is a project generator and a low risk stock from my perspective. The upside is unknown because all of their projects are early stage, but they only have 33 million shares fully diluted with a market cap of $23 million. They have the... more
Added: Kootenay Silver Inc
Kootenay Gold is a unique company. They have 15 joint ventures (mostly gold), but they have finally found their flagship project and it looks like they are going to develop it on their own and become a mining company. They could change their mind and... more
Added: Mirasol Resources Ltd.
Mirasol Resources is a project generator in Argentina with 20 properties and 2 JVs. Sadly, a lot of the upside is already priced into this stock, although it has dropped recently from $8 per share in 2011 to $2.90. The fully diluted market cap has... more
Added: Renaissance Gold Inc
Renaissance Gold is a project generator. They are highly undervalued with a $32 million fully diluted market cap. They have a lot of JVs (13). That means a lot of drills turning. They own 30 properties on 100,000 acres of mining claims, mostly in Nevada.... more
Added: Strategic Metals Ltd
Strategic Metals is a project generator in the Yukon. Their stock price rose 500% in 2010, and peaked at $4.34 per share in 2011, but has since crashed (along with many gold and silver mining stocks). I liked it at $3 per share and had it rated as a 3.... more
Added: Regis Resources Ltd.
Regis Resources is an anomaly. They are only producing 100,000 oz and are valued at $2 billion. Most mining companies producing such a small amount are undervalued. Their current reserves are valued at $640 per oz for their fully diluted market cap. That... more
Added: Alien Metals Limited
Arian Silver is highly undervalued and an exciting stock. Future reserves are valued at $1 and they are a small producer with cash flow. Production is expected to continuously increase over the next 5-7 years. They will produce less than 1 million oz in... more
Added: PPX Mining Corp
Sienna Gold is in elephant country in Peru, but they have only found a fairly small mine (three deposits). I think this stock is not that cheap at $62 million fully diluted. They will likely find 1 million ounces at 2 gpt, but anything more than that is... more