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News from February 2013
Updated: SSR Mining Inc
Silver Standard Resources is one of my favorite stocks. They could become the leading silver producer long term. Their pipeline is unbelievable and they have 1.5 billion oz of silver resources and 2.5 million oz of gold. Plus, they have 1 million acres... more
Updated: Lupaka Gold Corp
Lupaka Gold has a lot of potential. They already have enough gold (1.8 million oz at 1 gpt) for a long life open pit mine (Crucero). Plus, they have 10 additional targets on their 12,000 acre property to drill. And they have another large (70,000 acre)... more
Updated: Tembo Gold Corp
Tembo Gold is a new company with a large project (25,000 acre Tembo property) in Tanzania. They have just begun drilling (192 holes) a known area with high grade surface mineralization (5 to 25 gpt). There are 6 operating mines in the area, including a... more
Updated: Euro Sun Mining Inc
Carpathian Gold is a near term producer. There is a lot to like about this company. For starters it is highly undervalued with a fully diluted market cap of $170 million. It will likely be a 10 bagger long term if they are not taken out (Barrick Gold... more
Added: Golden Arrow Res Corp.
Golden Arrow Resources is an early project generator in northern Argentina. They have 30 projects, but only one has been drilled: the Chinchilla silver project. This could be their ticket to growth. It is near the large Silver Standard Pirquitas mine... more
Added: DELETE - Westmountain Gold Inc
Westmountain Gold is an exciting company. They obtained the Terra Project in Alaska in 2011 and are already mining it. They only have $2 million in debt, but it is convertible into stock and not an issue. They only have 33 million shares fully diluted.... more
Added: Erdene Resource Development Corp.
Erdene Resource Development is an early player in Mongolia. A country with a significant amount of natural resources. They have two advanced projects that could make it into production. Their Altan Nar gold project is still early exploration after... more
Updated: Pershing Gold Corp
Pershing Gold is a new company. They have three projects in Nevada. One is a past producing mine (Relief Canyon) that they are planning to resume production in 2014. They drilled 127 holes and are waiting for the assay results. They think they have 600,00 more
Updated: Radius Gold Inc
Radius Gold is a project generator focusing in Guatemala and Nicaragua. They recently sold their advanced projects for $20 million and are now starting over. They do have a JV with Fortuna in Mexico, but their large properties in Guatemala and Nicaragua... more
Updated: Kilo Goldmines Ltd
Kilo Goldmines is an early exploration speculation stock. However, they appear to have a lot of gold on their properties (750,000 acres). They have already defined 2 million ounces (1.5 gpt) at their shallow open pit Adumbi project. Plus they have many... more
Updated: Minera IRL Ltd
Minera IRL is an undervalued emerging Mid-Tier producer. They have been producing gold in low quantities (32,000 oz per year) since 2008. They have two additional mines coming online in 2014 and 2015. In 2014, they should produce about 100,000 oz. Then... more
Apogee Silver - Near Term Double
I just analyzed Apogee silver. Their market cap has recently crashed, and their fully diluted market cap is down to $26 million. Yet they begin silver production in Q4 2013 at 2 million oz, with cash flow estimated to be almost double their current market cap. I don't see any debt on their balance sheet. If they trade at 2x cash flow, that is $80 million / $26 million = 200% return. Thus, there is an excellent chance for a short term 2 bagger.
What’s the catch? Why is it so cheap? The... more
Updated: Anglogold Ashanti Ltd.
AngloGold Ashanti is one of the better majors. In fact, they have a 2 rating (potential 3 bagger), which is rare for a major. The key for this company is reducing their debt ($1.5 billion) and avoiding political issues in S. Africa (where they do nearly... more
Updated: Coeur Mining Inc
Coeur d Alene Mines has underperformed since 2006. They have to reach $70 per share just to get back to where the share price traded in 2006. Today the stock is trading at $21. However, they now have their debt under control and production is increasing.... more
Updated: Hecla Mining Company
Hecla Mining has two long life high grade (10 oz per ton) low cost mines. This makes them a money making machine. Their two world class mines are Greens Creek in Alaska and Lucky Friday in Idaho. Both properties have large reserves and large land... more
Updated: Monument Mining Ltd.
Monument Mining is an emerging mid tier producer. They will produce 50,000 oz in 2013 (2 gpt at $350 cash costs) and they have a fully diluted market cap of $187 million. They appear to be a 3 bagger long term, with production likely expanding to 100,000... more
Updated: Mcewen Mining Inc
McEwen Mining is a mid tier silver producer (my definition). However, they also have significant gold properties. In 2013, they will produce 3 million oz of silver and 70,000 oz of gold (their share). By 2015, that will increase to 8 million oz of silver... more
Updated: Scorpio Gold Corp
Scorpio Gold Corp. is a small producer in Nevada (production began in 2011). The have a fully diluted market cap of $72 million and are a likely 3 bagger long term. Their problem is growth and limited resources (currently around 500,000 oz). They will... more
Added: Alexandria Minerals Corp.
Alexandria Minerals is a project generator in Canada (Quebec) with a solid project (Cadillac Break). It is a 20 mile trend on 30,000 acres with 21 properties. They have three discoveries that are ready for a JV deal: Orenada (750,000 oz at 1.3 gpt),... more
San Gold Raises $50 Million
February 13, 2013
San Gold Announces $50 Million Offering of Convertible Debentures
WINNIPEG, MANITOBA--(Marketwire - Feb. 13, 2013) -
THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) (the "Company") today entered into an agreement with a syndicate of underwriters co-led by Scotiabank and CIBC under which they have agreed to act as underwriters to purchase, on a bought deal basis, more
Coeur d'Alene Mining Makes Bid for Orko Silver
News release link:
In December 2012, First Majestic made a friendly offer to purchase Orko Silver for about $2.25 per share. Then, today on February 13th (an unlucky day for First Majestic), Coeur d’Alene made a $2.70 offer. This was a 25% premium over First Majestic’s offer. I doubt First Majestic will make a counter-offer, because at $2.70, Orko is... more
Updated: Jaguar Mining Inc
Jaguar Mining is a mid-tier producer and significantly undervalued versus its peers. Estimated future reserves are valued at $10 per oz, when the industry average is over $150 for mid tier producers. They have 8.8 million oz at 1.3. gpt and a fully... more
SEDAR Links Added
We have added SEDAR links to 475 of our 512 stocks. SEDAR is the official site that provides access to most public securities documents and information filed by public companies and investment funds with the Canadian Securities Administrators (CSA). These include financial documents, Management Discussion and Analysis Reports and things like NI 43-101 documents, amongst many others. These links can be found on the quick links panel and the link panel on the search and compare view... more
Updated: Golden Queen Mining Co.
Golden Queen Mining received their final permits in 2012 and are ready to build their large Soledad project (3.5 million oz at .5 gpt and 85% recovery). The project also has 47 million oz of silver (52% recovery). If they use the silver for offsets, the... more
Updated: Treasury Metals Inc
Treasury Metals is highly undervalued and a likely 5 bagger. They have a large (1.6 million oz at 2.5 gpt and 95% recovery) advanced stage project (Goliath) in Ontario, Canada. They are permitting it and a feasibility study is coming in 2013. They are... more
Updated: Freegold Ventures Ltd
Freegold Ventures is project generator with two large projects in Alaska. The combined resources of these two projects is 7 million oz. They are both economic grade surface mines, and have easy year round access. The Golden Summit project (5.5 million oz... more
Updated: Gabriel Resources Ltd
Gabriel Resources has a 20 million oz (1 gpt) gold project in Romania called Rosia Montana. It will be the largest gold mine in Europe. However, there are several negatives with this stock. First, they are having trouble getting their final permits (and... more
Updated: ValOro Resources
Geologix Exploration is highly undervalued, with a fully diluted market cap of only $24 million. It is a likely 5 bagger and potential 25 bagger, although I would like this stock a lot better if their flagship Tepal project was not so dependent on copper... more
San Gold Cuts Production Guidance
I receive this email today from a member:
San Gold cut their forecast for 2013 to 85k-95k ounces, and it doesn't seem like they can really expand their reserves like everybody hoped. do you still like them?
Here is the link:
Here is a paragraph from the release on 2/8/2013:
The Company is providing preliminary guidance of between... more
Updated: Benton Resources Inc
Benton Resources is a project generator without any advanced projects. They do have 11 properties (10 in Canada and 1 in California) and some potential. They have two JV deals and three other gold projects they are currently exploring. One of these five... more
Updated: Continental Gold Inc
Continental Gold has excellent properties in Columbia, but a lot of the value has been priced into the stock. Their flagship Buritica project has some incredible grades (averaging about 12 gpt) and the potential to become a monster deposit. Buritica is... more
Updated: Edgewater Exploration Ltd.
Edgewater Exploration looks like a potential 10 bagger long term. They have two advanced projects that both look like 100,000 oz long term producers. The Corcoesto project in Spain has 1.5 million oz at 1.7 gpt. It will get a feasibility study in 2013... more
Updated: Gold Standard Ventures Corp
Gold Standard Ventures is a project generator company. In 2010, they began drilling their 100% owned Railroad project (25,000 acres) in Nevada on the Carlin Trend. Initial drill results in 2010, 2011 and 2012 were very good (they have two discoveries).... more
Added: Inv Metals Inc
INV Metals has an excellent advanced project. The problem is that their Quimsacocha project is in Ecuador and investors are avoiding high risk locations. Ecuador currently has very high royalty rates and a windfall profit tax. Currently the president of... more
Updated: Dynacor Gold Mines Inc.
Dynacor Gold Mines uses a unique business model. They use cash flow from a mill ($15 million expected in 2013) to finance exploration. They have five early exploration properties in Peru that they are just beginning to drill. It will take a few years to... more
Updated: Candente Gold Corp Com NPV
Candente Gold is highly undervalued at this low market cap valuation of $10 million fully diluted. The El Oro property has a lot of potential. Only two veins on the property were mined to 200 meters and produced 6.4 million oz (8-10 gpt) of gold and 75... more
Updated: Constantine Metal Resources Ltd.
Constantine Metal Resources is a project generator focused in Canada and the US. They have five excellent exploration projects, four of which are JVs. This is a high speculation stock with significant potential. They have a tiny fully diluted market cap... more
Updated: Sierra Metals Inc
Sierra Metals is fairly valued at $400 million fully diluted. They have 10 properties on 500,000 acres in Chihauhau, Mexico, and another 4 properties in Peru. They have 3 operating mines and 5 more in late stage development. Their current resources are... more
Updated: Heatherdale Resources Ltd
Heatherdale Resources is undervalued, but a long term investment with substantial risk. They have a fully diluted market cap of $24 million and a late stage development project called Niblack heading toward production in 2017 (construction planned for... more
Updated: Puma Exploration Inc
Puma Exploration is highly undervalued, but has significant risk. They appear to have a high grade silver mine in an excellent location in Canada. The problem from my perspective is management. Can they build it themselves, or will they option it? They... more
Updated: Silver Grail Resources Ltd.
Silver Grail is a project generator. They have been around for a long time and they don't have many JVs. Looking at their properties, I would say to avoid this stock. However, with a tiny $1 million market cap, they have two gold properties that have... more
InfoMine Links Added
We have added InfoMine links to 502 of our 510 stocks. They can be found on the quick links panel and the link panel on the search and compare view, found by clicking the name of a stock. This link is particularly useful because it allows you to see geographic location of their properties by clicking the map. more
January 2013 Newsletter Posted
The newsletter for January 2013 has been posted. more