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News from May 2013

05/31/2013
Analysis  
Updated: Avrupa Minerals Ltd
Avrupa Minerals is a small Canadian based Project Generator that is exploring in Europe. They have 12 projects, of which 8 are gold or silver, and are focusing in Portugal and Kosovo. They have 3 JVs, one in Germany and two in Portugal (Tungsten and...  more
05/31/2013
Analysis  
Updated: Banro Corp.
Banro Corp is a solid mid tier producer. Other than political risk (Democratic Republic of Congo), 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...  more
05/31/2013
Analysis  
Updated: DELETE - Firebird Resources Inc
Firebird Resources has a nice project in South Carolina (three properties). However, they are out of cash and did not drill in 2012. Also, the stock price is down to 4 cents and that likely means significant dilution to continue drilling. It is an early...  more
05/31/2013
General  
New Gold and Rainy River Agree to Friendly Takeover
I just have to laugh when they issue a new release like this and think everyone is fooled. The bottom line is that it is another robbery and (Rainy River) shareholder drubbing. I have to wonder if Rainy River ever intended to build their mine or if financing was not obtainable. Here is another example of a great project given away to a larger company with deep pockets. May 31, 2013 New Gold Inc. (“New Gold”) (TSX and NYSE MKT:NGD) and Rainy River Resources Ltd. (“Rainy River”) (  more
05/17/2013
Analysis  
Updated: DELETE - Quartz Mountain Resources
Quartz Mountain Resources is a high risk / high return stock. It is in the Junior: Potential Exists category, so I don't recommend investing until they find a mine. However, the Buck project has a lot of potential. The property is large at 150,000 acres...  more
05/14/2013
Analysis  
Updated: Calibre Mining Corp
Calibre Mining appears to me to be a project generator, although they call themselves an exploration and development company. They have 6 early exploration properties in Nicaragua and 3 are JVs. My expectation is that the other 3 will become JVs, but I...  more
05/12/2013
Analysis  
Updated: Aton Resources Inc
Alexander Nubia International has four early exploration projects in Egypt. They are a Canadian company with 600,000 acres of claims, which I find interesting. They have a drill plan to do extensive drilling on two projects (although they are low on cash)  more
05/12/2013
Analysis  
Updated: Cartier Resources Inc.
Cartier Resources is a small exploration company focusing in Quebec and are in search of finding and building their first mine. I think they could succeed, but it is going to take a long time. They have 7 projects and are exploring aggressively, but have...  more
05/12/2013
Analysis  
Updated: DELETE - Dalradian Resources Inc
Dalradian Resources appears to be 5 to 10 bagger. They have an excellent project in Ireland called Curraghinalt. It is a late stage project that they are currently permitting. It has 2.7 million oz (12 gpt) and they are drilling aggressively on 200,000...  more
05/11/2013
Analysis  
Updated: Aton Resources Inc
Alexander Nubia International has four early exploration projects in Egypt. They are a Canadian company with 600,000 acres of claims, which I find interesting. They have a drill plan to do extensive drilling on two projects (although they are low on cash)  more
05/11/2013
Analysis  
Updated: DELETE - New World Resource Corp
New World Resource Corp. is a new project generator focusing on Bolivia and Chile. They recently optioned their Lipena copper/gold project in Bolivia and kept 37%. It is still an early exploration project with 400,000 oz of low grade gold (including...  more
05/10/2013
Analysis  
Updated: Athena Silver Corp
Athena Silver has an excellent property with 60 million ounces (45 gpt) at about 80% recovery rates. That equates to 2 or 3 million oz of production for 10-15 years. They have a market cap of only $9 million. At $100 silver, the cash flow could be $100...  more
05/10/2013
Analysis  
Updated: Rambler Metals & Mining Plc
Rambler Metals and Mining is a copper and gold producer in Canada. Their cash flow is currently about $10 million and they have a fully diluted market cap of $58 million. They are producing 600 tpd and want to increase that to 3500 tpd. The capex to...  more
05/10/2013
General  
Great Video on Why to Invest in Gold
This 10 minute video is an excellent summary of why to invest in gold. I like his line at the end: Why invest in gold? Because gold endures and always has. http://play.goldmail.com/15z410mdwsrx  more
05/09/2013
Analysis  
Updated: Colorado Resources Ltd
Colorado Resources is a relatively new project generator with a lot of targets. They have several large properties in British Columbia and the Yukon, plus they are looking to buy another in Nicaragua. I don't know why they want to spend their cash. They...  more
05/09/2013
Analysis  
Updated: Condor Resources Inc.
Condor Resources is a relatively new project generator. They have 15 properties, but only 2 JVs, which are early stage exploration (one is a copper JV with BHP). Currently they are drilling two projects, which they hope to JV. I like the locations where...  more
05/07/2013
Analysis  
Updated: Angkor Gold Corp
Angkor Gold Corp. is a project generator in Cambodia that is doing pretty good. Whereas most stocks have dropped about 50% in the past year, their stock has increased. They are cash flow positive with $2.5 million in the bank and no debt. They made a 10%...  more
05/06/2013
Analysis  
Updated: DELETE - Rio Silver Inc
Rio Silver Inc. has two early exploration projects with some potential, but the risk level is substantial. They have a fully diluted market cap of only $3 million, which could easily triple with good drill results, but I don't like the risk. Their Kan...  more
05/01/2013
Analysis  
Updated: Western Copper & Gold Corp.
Western Copper and Gold has a huge copper/gold project in Canada (Yukon) called Casino. If they can get financing ($2.5 billion capex) and both copper and gold prices hold up, this could be a 50 bagger. If you value this as a 300,000 oz per year long...  more


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