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News from September 2013

09/27/2013
Analysis  
Updated: Caledonia Mining Corp. Plc
Caledonia Mining is a small producer in Zimbabwe, Africa. Production is 44,000 oz and they get 49%. All-in costs are about $1200 per oz. They have cash flow, $22 million in cash, and no debt. Plus, they have 18 properties to explore (200,000 acres in...  more
09/24/2013
Analysis  
Updated: Batero Gold Corp
Batero Gold is highly undervalued. They have a 4.5 million oz. resource (.5 gpt) in Colombia. That is a large flagship project. Surprisingly Batero Gold has a low valuation of $15 million fully diluted, with future reserves valued at $5 per oz. The stock...  more
09/22/2013
Analysis  
Updated: Rockcliff Metals Corp
Solvista Gold is a new gold exploration company (2010) in Colombia. They got lucky and had gold discoveries on both of their properties during phase 1 drilling. On their Carmanta property (33,000 acres) they had monster holes of 450 meters at 1 gpt and...  more
09/21/2013
Analysis  
Updated: Americas Silver Corp.
Scorpio Mining is an emerging mid-tier producer focused in Mexico. This is a very cheap stock right now with a FD market cap of only $67 million, and it has fallen 80% in the past year. The reason it has crashed so harshly is because their production...  more
09/21/2013
Analysis  
Updated: Victoria Gold Corp
Victoria Gold is highly undervalued. Their future reserves are valued at $11 per oz and they have a fully diluted market cap of $44 million. They have a 7 million oz resource (.6 gpt) in Canada (73% recovery rate) and are heading towards production of...  more
09/20/2013
Analysis  
Updated: Maple Gold Mines Ltd.
Aurvista Gold is highly undervalued. In fact, it is one of the cheapest gold mining stocks. They have a 3 million oz (1 gpt) resource in Quebec and only a $5 million FD market cap. This could be a 100 bagger if they get financing. Money is currently hard...  more
09/20/2013
Analysis  
Updated: St Barbara Ltd
St. Barbara is a mid-tier gold producer based in Australia. They have three producing mines. Leonora in Australia at 190,000 oz. Simberi in Papau New Guinea at 90,000 oz. Gold Ridge in the Solomon Islands at 80,000 oz. That is 360,000 oz. But they expect...  more
09/20/2013
Analysis  
Updated: Patagonia Gold Plc
Patagonia Gold is a company on the rise. They began producing in Q4 2012 at 20,000 oz, and are targeting production to reach 200,000 oz Au Eq (including silver) by 2016. If they make that target (which won't be easy), then this should be a 5 bagger long...  more
09/19/2013
Analysis  
Updated: Red Eagle Mining Corp
Red Eagle Mining is an impressive company. I have been impressed watching their progress the past two years. They began drilling in 2011 and have already released a 43-101 resource estimate and a PEA. Plus, they have given guidance that they plan to...  more
09/18/2013
Analysis  
Updated: Arizona Mining Inc
Wildcat Silver is highly undervalued and a potential 25 bagger. They have a fully diluted market cap of only $61 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
09/18/2013
General  
Gold Blast off Today: Up $60.
The gold mining stocks blasted off today. The HUI was up nearly 10%. Clearly the miners are going to follow the price of gold higher. The HUI is not far from it's lows. It is still a good time to get in. Sure this could be a false breakout, but if the price of gold is heading higher, then gold mining stocks are going to participate. I still think that the mining stocks could be one of the best investments this decade. It doesn't look like that if you look at most of the mining stock charts,...  more
09/17/2013
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 (plus 500,000 oz of gold). This is a solid company with $550 million in cash and no debt. They have huge...  more
09/16/2013
Analysis  
Updated: Goldquest Mining Corp
Goldquest Mining has a large discovery in the Dominican Republic. They released a solid drill hole in May 2013 of 231 meters at 2.4 gpt. That single drill hole pushed the stock from 7 cents to $1. Then they released a monster hole of 258 meters at 4.5...  more
09/16/2013
Analysis  
Updated: Novo Resources Corp
Novo Resources is an exciting early exploration stock with significant upside potential. Everything will depend on drilling results. The first 16,000 meters of drilling found 500,000 oz at 1.5 gpt. This stock is being pushed by Bob Moriarty on 321gold.com  more
09/15/2013
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 they raise the $464 million capex. The market thinks they can’t do it. Thus, they have a...  more
09/14/2013
Analysis  
Updated: QMX Gold Corp
QMX Gold (formerly Alexis Minerals) is a small producer in Canada. They sold their flagship Snow Lake project in August 2013 to Liberty Mines for $20 million. All that they have left is their Lac Herbin mine. It has low resources of about 100,000 oz and...  more
09/14/2013
Analysis  
Updated: Emx Royalty Corp
Eurasian Minerals is an interesting company because they have 150 properties in 12 countries (90 JVs) with a FD market cap of only $88 million. The upside is somewhat constrained because they are a project generator without any near-term cash flow...  more
09/14/2013
Analysis  
Updated: Marathon Gold Corp
Marathon Gold has an exciting discovery in Newfoundland, Canada. Their Valentine Lake project has a 10 mile strike on 60,000 acres and is already a 1 million oz deposit at 2.5 gpt. This could easily double or triple in size. Yet investors are ignoring it.  more
09/14/2013
Analysis  
Updated: Novo Resources Corp
Novo Resources is an exciting early exploration stock with significant upside potential. Everything will depend on drilling results. The first 16,000 meters of drilling found 500,000 oz at 1.5 gpt. This stock is being pushed by Bob Moriarty on 321gold.com  more
09/13/2013
Analysis  
Updated: Barkerville Gold Mines Ltd
Barkerville Gold is highly undervalued. They have potentially 9 to 27 million oz of gold in British Columbia, Canada with a FD market cap of $86 million (135 million FD shares at .64 cents). It is in a good location, and not in the extreme north where...  more
09/13/2013
Analysis  
Updated: Goldquest Mining Corp
Goldquest Mining is a project generator with a large discovery in the Dominican Republic. They released a solid drill hole in May 2013 of 231 meters at 2.4 gpt. That single drill hole pushed the stock from 7 cents to $1. Then they released a monster hole...  more
09/13/2013
Analysis  
Updated: Xtierra Inc
Xtierra Inc. has a late stage silver project in Mexico that should begin production in 2015. The feasibility study is due in 2013 and will give us the production numbers and capex. It is a 20 million oz resource (50 gpt) and should have negative cash...  more
09/12/2013
Analysis  
Updated: NorZinc Ltd.
Canadian Zinc is a near term producer. This looks like a slam dunk. They are heading towards production in 2014 and have a large high grade deposit (70 million oz at 5 opt). Production will start slow (2.2 million oz) and increase, likely reaching 3+...  more
09/10/2013
Analysis  
Updated: Golden Goliath Resources Ltd.
Golden Goliath Resources is a relatively new project generator with a focus in Mexico. They have 10 properties on 20,000 acres and 2 JVs. Their flagship property (Las Bolas) was recently optioned to Agnico Eagle (70% interest and the operator). Golden...  more
09/09/2013
Analysis  
Added: Inventus Mining Corp
Ginguro Exploration is a project generator with an early discovery (Pardo property) in Ontario, Canada. Their stock has jumped from 3 cents a share to 35 cents in the past 2 months. A member told me about it, so I decided to add it the database. Is this...  more
09/06/2013
Analysis  
Updated: Novagold Resources Inc.
NovaGold Resources has a huge advanced project in Alaska (Donlin). It is a 45 million oz resource at 2.2 gpt, which is one of the highest grade large open pit mines in the world. They are projecting cash costs of only $500 per oz. However, mining will...  more
09/06/2013
Analysis  
Updated: Orezone Gold Corp
Orezone Gold has a late stage project in West Africa (Burkina Faso). Their first mine (Bombore) should begin production in 2016. It is a 5 million oz deposit, the largest undeveloped mine in West Africa. It will get built. The economics are good at 1.1...  more
09/06/2013
Analysis  
Updated: Premier Gold Mines Ltd.
Premier Gold Mines is an enigma to me. They have a large 8 million oz project (Trans Canada) in a good location in Canada (Ontario). It has good grades of about 1.5 to 2 gpt surface and 5 gpt underground. However, management is acting like a project...  more
09/05/2013
Analysis  
Updated: Medusa Mining Ltd.
Medusa Mining is a mid-tier producer in the Philippines. They plan to produce 200,000 oz in 2014 and then double production in 2016 or 2017. With low cash costs around $350 per oz, that makes them a cash flow machine at higher gold prices. They are not...  more
09/04/2013
Analysis  
Updated: Tahoe Resources Inc
Tahoe Resources has a monster silver project (Escobal) in Guatemala. Production is scheduled for Q1 2014 at 20 million oz (20 year mine life). Tahoe has fully diluted market cap of $2.7 billion, and future reserves are values at $7.50 per oz, so it is...  more
09/02/2013
Analysis  
Updated: GMV Minerals Inc
GMV Minerals has a very low market cap ($1 million fully diluted) for owning this much land (700,000 acres). Guyana is known for having gold and they own leases on several large properties. They are just now starting phase 1 drilling, soil sampling,...  more
09/02/2013
Analysis  
Updated: Harmony Gold Mining Co.
Harmony Mining is an major with most of its mines in South Africa. It's too bad they are located in politically risky South Africa. If their mines were based in a mining friendly nation, their stock price would be double or triple it's current price....  more
09/02/2013
Analysis  
Updated: MAG Silver Corp
Mag Silver has an excellent late stage project in Mexico. Their Juanicipio project is a JV with Fresnillo and they have a 44% interest. Production should begin in 2017 and it has a 15 year mine life. Mag's share will be 4.5 million oz of annual silver...  more


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