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News from September 2012

09/30/2012
Analysis  
Updated: Aquila Resources Inc
Aquila Resources is a project generator in Michigan and Wisconsin. They have a good project (Back Forty), but their JV partner recently put the project on hold. Back Forty is a 1 million oz gold project, with significant offsets in silver, zinc, and...  more
09/30/2012
Analysis  
Updated: Banro Corp.
Banro Corp is a solid mid tier producer. Other than political risk, this stock is a slam dunk 3 bagger. They have an incredible amount of gold (possibly 20 million oz) and production just began in 2011. Thus, this company is going to be growing rapidly...  more
09/30/2012
Analysis  
Updated: Goldmining Inc
Brazil Resources is a new company. Their stated focus is to acquire advanced stage projects and bring them into production. In 2012, they acquired the Cachoeira project (750,000 oz at 1 gpt). I would expect them to fast track this mine into production by...  more
09/30/2012
Analysis  
Updated: Mineral Mountain Resources Ltd
Mineral Mountain Resources is a new company with a lot of potential, largely because of the management and technical team, which are excellent. If you like betting on people and getting in early, this could be your type of stock. The fully diluted market...  more
09/29/2012
Analysis  
Updated: Belo Sun Mining Corp
Belo Sun Mining is undervalued and a potential 5 bagger. You could argue it is a likely 5 bagger, with production to begin in 2015 at 250,000 oz. That is a long wait to get the full value for this stock, but once construction begins in 2013 the market...  more
09/29/2012
Analysis  
Updated: Lion One Metals Ltd
Lion One Metals is highly undervalued with a fully diluted market cap of only $35 million. However, unless they find more than 1 million oz, I don't think this stock will be a 10 bagger. They do have significant exploration potential, so they likely will...  more
09/29/2012
Analysis  
Added: Precipitate Gold Corp
Precipitate Gold is a new company started in 2012. They have a tiny market cap of only $10 million and some interesting properties in Canada and the Dominican Republic. This is a long-shot stock and very high risk. However, it was founded by the Coffin...  more
09/28/2012
Analysis  
Updated: Liberty Gold
Pilot Gold is a new company formed by Fronteer’s management team. It's too early to tell what they have. They are cashed up with $10 million and are drilling 30,000 meters in 2012. Thus, they are aggressive at finding resources. However, with a fully...  more
09/28/2012
Analysis  
Updated: Red Eagle Mining Corp
Red Eagle Mining has accomplished a lot since I did my last analysis a year ago. They went from no drill results to 17,000 meters of drilling, with an average grade of 2 gpt. Amazingly, the market cap dropped from $43 million to $28 million (fully...  more
09/10/2012
Analysis  
Updated: Caledonia Mining Corp. Plc
Caledonia Mining is a small producer in Zimbabwe, Africa (20,000 oz is their share). They have cash flow and no debt, and several properties to explore (200,000 acres in Zambia), plus a platinum exploration project in South Africa. They are using their...  more
09/09/2012
Analysis  
Updated: Rockcliff Metals Corp
Solvista Gold is a new gold exploration company (2010) in Colombia. They have a lot of land in a place where gold mines lately seem to be prolific. However, it will be years until they can prove they have something, if ever. This is a company to keep an...  more
09/08/2012
Analysis  
Updated: Batero Gold Corp
Batero Gold is highly undervalued. They have a 6 million oz. resource in Colombia (a 43-101 resource estimate was released in February 2012). That is a large flagship project. Surprisingly Batero Gold has a low valuation of $41 million fully diluted,...  more
09/08/2012
Analysis  
Updated: Gran Colombia Gold Corp
Gran Colombia Gold is a highly undervalued mid tier producer (my definition). In fact, it is one of the most undervalued gold mining stocks on a risk/reward basis. They have large resources (13 million M&I gold and 80 million M&I silver) and are...  more
09/08/2012
Analysis  
Updated: Spanish Mountain Gold Ltd
Spanish Mountain is highly undervalued. They are forecasting 200,000 ounces of production at their Canadian mine and they have a fully diluted market cap of $80 million. San Gold is forecasting 80,000 ounces in 2011 and 160,000 in 2013 and they are worth...  more
09/08/2012
Analysis  
Updated: Victoria Gold Corp
Victoria Gold is highly undervalued. Their future reserves are valued at $20 and they have a fully diluted market cap of $96 million. They have a 7 million ounce resource (.6 gpt) in Canada and are heading towards production of 200,000 ounces in Q1 2015....  more
09/07/2012
Analysis  
Updated: Maple Gold Mines Ltd.
Aurvista Gold is highly undervalued. Worst case, I think this stock is a 5 bagger long term. Best case, it could be a 50 bagger. This is a long term investment because they have probably two more years of drilling before they do a PEA. Thus, this mine...  more
09/07/2012
Analysis  
Updated: SSR Mining Inc
Silver Standard Resources is one of my favorite stocks. They will likely become the leading silver producer long term. Their pipeline is unbelievable and they have 1.5 billion oz of resources. Production is going to steadily rise (18 million oz of...  more
09/07/2012
Analysis  
Added: St Barbara Ltd
St. Barbara is a mid tier gold producer in Australia. I like the company, but the stock is fairly valued. It is much better to buy GDXJ and reduce your risk. They have a fully diluted market cap of $785 million and are producing 330,000 oz at moderate...  more
09/07/2012
Analysis  
Added: Patagonia Gold Plc
Patagonia Gold is a company on the rise. They should begin producing in Q4 2012, with production targeted to reach 200,000 oz by 2015. If they make that target (which won't be easy), then this could be a 5 bagger long term. They currently have a fully...  more
09/03/2012
Analysis  
Updated: Arizona Mining Inc
Wildcat Silver is highly undervalued and a likely 5 bagger long term. They have a fully diluted market cap of $256 million, but will receive 80% of the profits from 8+ million oz of annual production (18+ years of production). That should equate to a...  more
09/02/2012
Analysis  
Updated: Golden Minerals Co
Golden Minerals is small silver producer with huge potential. They will produce 1 million ounces in 2012, 2 million ounces in 2013, and perhaps 4 million by 2016. It is a stock heading much higher, likely a 5 bagger. They have 83 projects on 1.5 million...  more
09/02/2012
Analysis  
Updated: Sandspring Resources Ltd.
Sandspring Resources has a lot of potential and is substantially undervalued. However, they will not begin production on their South American Guyana property until 2015, and that will hold down their share price for another year or two. Their Toroparu...  more
09/02/2012
Analysis  
Updated: Fresnillo Plc
Fresnillo is a major and the largest pure silver producer at 41 million oz per year. They plan to expand production to 65 million oz by 2018. This is a solid company with $700 million in cash and no debt. They have huge resources at nearly 2 billion oz...  more
09/01/2012
Analysis  
Updated: QMX Gold Corp
QMX Gold (formerly Alexis Minerals) is highly undervalued with a fully diluted market cap of only $14 million. The Snow Lake project (Manitoba, Canada) is 1 million oz resource that will begin producing 80,000 oz in the second half of 2012 or early 2013....  more
09/01/2012
Analysis  
Updated: Emx Royalty Corp
Eurasian Minerals is an interesting company, although the upside is somewhat constrained because they are a project generator. They have a very capable CEO (David Cole) who is generating stockholder value and aggressively growing the company. They have...  more


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