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News from March 2013

03/31/2013
Analysis  
Updated: Orvana Minerals Corp.
Orvana Minerals is an emerging mid tier producer. Their 2.5 million ounce (2 gpt) flagship property in Spain began production in 2012 for a 10-12 year mine life. They are forecasting 75,000 ounces of production in 2013, which should quickly rise to 100,00  more
03/30/2013
Analysis  
Updated: Ascot Resources Ltd.
Ascot Resources has two nice projects. Their Mt Margaret flagship project in Washington has 500 million tons of mineralized ore. It is primarily a copper project, but will also produce around 1.5 million oz of gold (.25 gpt with perhaps 60% recovery...  more
03/29/2013
Analysis  
Updated: Black Dragon Gold Corp
Astur Resources appears to be a 10 to 20 bagger. Their Salve project in Spain is a 2 million oz resource (3 gpt) and they plan to produce 130,000 oz per year for 10 years. Production is scheduled for Q4 2014. It is not a very long life mine (10 years),...  more
03/28/2013
Analysis  
Updated: Azimut Exploration Inc.
Azimut Exploration is a project generator focused in Northern Quebec. The upside is unknown because all of their projects are early stage. They have 4 JVs with solid companies (Goldcorp, Aurizon, Eastmain, and Everton) and 1.5 million acres of...  more
03/27/2013
Analysis  
Updated: Renaissance Gold Inc
Renaissance Gold is a project generator. They are highly undervalued with a $13 million fully diluted market cap. They have a lot of JVs (13). That means a lot of drills turning. They own 30 properties, with 23 in Nevada. The company was formed in 2010...  more
03/26/2013
Analysis  
Updated: 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
03/25/2013
Analysis  
Updated: Kootenay Silver Inc
Kootenay Silver (previously Kootenay Gold) has a dual strategy of being both a project generator and a developer. They have 5 JV deals and a flagship property (Promontorio) that they are developing. Their JV deals are in Canada where they have large land...  more
03/25/2013
Analysis  
Updated: Mirasol Resources Ltd.
Mirasol Resources is a project generator in Argentina with 20 properties and only 1 JV. They sold their flagship property for $60 million and now have $32 million in cash and $32 million in Coeur d’Alene stock. Now they must put that working capital to...  more
03/24/2013
Analysis  
Updated: Regis Resources Ltd.
Regis Resources was a fantastic investment in 2008 when they traded for 10 cents! Today they are trading at $4.56. What a ride, but now future reserves are valued at $250, and it is time to sell if you got in at 10 cents. For new investors, this stock is...  more
03/18/2013
Analysis  
Updated: Arian Silver Corp
Arian Silver is a high risk / high reward stock. They have 117 million oz at 4 opt with a fully diluted market cap of only $65 million. That results in future reserves being valued at .65 cents per oz, which is very cheap. They have been losing money as...  more
03/17/2013
Analysis  
Updated: PPX Mining Corp
Sienna Gold has a pretty good project in Peru. They are drilling three deposits on their Igor project. So far they have found 930,000 oz of gold equivalent (including silver) at decent grades (2 gpt gold and 70 gpt silver). They plan to continue to drill...  more
03/15/2013
Analysis  
Added: Avesoro Resources Inc
Aureus Mining has a very large property in West Africa (Liberia). The New Liberty property is on 75,000 acres with high grade surface gold (1.7 million oz at 3 gpt). They have several targets to increase this total. A recent feasibility study has led...  more
03/14/2013
Analysis  
Updated: Moneta Porcupine Mines Inc.
Moneta Porcupine has an excellent project in Ontario, Canada. The Golden Hwy property is a 4.3 million oz resource (1 gpt with a 90% recovery rate). They recently released a PEA for 25,000 tpd at 288,000 oz annual production. The capex was high at $600...  more
03/13/2013
Analysis  
Updated: Euromax Resources Ltd
Euromax Resources has significant upside potential, although it is a long term investment and has significant risk. They have two large gold projects. The Ilovitza project in Macedonia has 4.3 million ounces (inferred at .3 gpt). Ilovitza has a PEA for...  more
03/11/2013
Analysis  
Updated: Asanko Gold Inc
Asanko Gold (formerly Keegan Resources) is an undervalued stock with a large (5 million oz at 1.2 gpt) late stage project called Esaave in Africa (Ghana). They own 90% and the Ghana government owns 10%. If you don't mind investing in Ghana (currently a...  more
03/10/2013
Analysis  
Updated: Silver Lake Resources Ltd..
Silver Lake Resources is a growing mid tier producer in Australia. They have three solid projects (all over 1 million oz) and over 1 million acres of exploration properties. Production is scheduled to grow from 190,000 oz in 2013 to 400,000 oz around...  more
03/09/2013
General  
NWM Mining to acquire Auriga Gold
NWM Mining to acquire Auriga Gold March 1, 2013 NWM Mining Corporation ("NWM") (TSX-V: NWM) and Auriga Gold Corp ("Auriga") (TSX-V: AIA) are pleased to announce that a non- binding letter of intent has been entered into for the acquisition of all of the outstanding common shares of Auriga. It is anticipated that the Transaction will proceed by way of a three-cornered amalagamation which may be pursuant to a Plan of Arrangement under the Business Corporations Act, (Ontario). It is...  more
03/04/2013
Analysis  
Added: Regulus Resources Inc
Regulus Resources has a large copper (1 billion lbs at 3%) and gold (1.6 million oz at .35 gpt) project in Argentina. The Rio Grande project (45,000 acres) is close to becoming advanced and requiring a PEA. They still have more drilling to do and it is...  more
03/04/2013
General  
Hecla Mining to Acquire Aurizon Mines
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2013) - The Board of Directors of Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK) ("Aurizon" or the "Company") today announced that it has entered into a definitive agreement pursuant to which Hecla Mining Company (NYSE:HL) will acquire all of the outstanding diluted common shares of Aurizon for approximately CAD$796 million. The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (  more
03/03/2013
Analysis  
Added: Serabi Mining Plc
Serabi Mining is a near term producer in Brazil (Q4 2013). They are one of the few stocks today that are not super cheap. They have a market cap of $61 million and a deposit of only 600,000 oz (7 gpt). It is going to take them some time to increase...  more
03/03/2013
Analysis  
Added: Orosur Mining Inc
Orosur Mining is a producer in Uruguay at 65,000 oz per year. However, they have high cash costs and only about $5 million in cash flow. Plus, they have a weak balance sheet with $10 million in debt and only $4 million in cash. But this is still a...  more
03/02/2013
Analysis  
Added: Focus Minerals Ltd.
Focus Minerals is a mid tier producer in Australia. They have two solid properties: Laverton and Coolgardie. Both are large (400,000 acres combined) with about 40 exploration targets. They have a combined 4.3 million oz at 2.2 gpt, and significant...  more
03/01/2013
Analysis  
Updated: Golden Minerals Co
Golden Minerals is a small silver producer with a lot of upside potential. They will produce about 1 million ounces in 2013 (silver equivalent including gold), 1.5 million ounces in 2013, and perhaps 4 million by 2016. It is a stock heading much higher,...  more
03/01/2013
Analysis  
Updated: Vista Gold Corp.
Vista Gold has a large project in Australia call Mt Todd (8 million oz at .9 gpt and growing) with significant upside potential. Their fully diluted market cap is only $188 million, with future reserves valued at $23 per oz. One red flag is they will not...  more
03/01/2013
General  
February 2013 Newsletter Posted
The newsletter for February 2013 has been posted.  more


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