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News from October 2013
Updated: Pretium Resources Inc
Pretium Resources (a new company that purchased their properties from Silver Standard) has a lot of upside potential. The have 60 million oz of gold and 250 million oz of silver at their Brucejack and Snowfield properties in Canada, although most of it... more
I assume you also follow PVG (Pretium Resources), what a fiasco that has turned out to be and if you are going to update anything, that might be on the top of your list. I am sure you subscribe to stockwatch. If so, log on and look at the news through their Candian listing....then look at the news through their US listing? What a huge difference.....last I looked no litigation news on the Canadian side and a Shark feedy litigation frenzy on the US side. I own a little and think that both... more
Updated: Goldgroup Mining Inc
Goldgroup is a highly undervalued small producer in Mexico, with two nice projects in their pipeline. Their 1 million oz (.5 gpt) Caballo open pit project will produce 95,000 oz in approximately 2016. They still need final permits, surface rights, and... more
Updated: Metanor Resources Inc.
Metanor Resources has not performed as a stock or company. However, they seem to be hitting their stride. They started producing at Bachelor Lake in 2013 at 40,000 oz (projected $800 per oz cash costs). Their goal is to double production to 80,000 oz in... more
Updated: ATAC Resources Ltd.
ATAC Resources is project generator with a very large project. The Rackla Gold project is a 115 mile narrow trend on 400,000 acres in the Yukon, Canada. They are drilling about 10 deposits and have had excellent drill results. So far it seems like every... more
Updated: Orca Gold Inc
Orca Gold is a new company that arose out of Canaco Resources. They have $58 million in cash and 2 million acres on 3 properties in Sudan. Plus, they have a gold discovery. Their Galut Sufar property appears to be a near surface mine. Initial drill... more
Added: East Africa Metals Inc
East Africa Metals is a new project generator. They arose from a spin-out from Canaco Resources in 2012. They have two large properties in Tanzania. The Magambazi project (25,000 acres) is a 45% JV with a Chinese producer. It is a 1 million oz surface... more
Updated: Coral Gold Resources Ltd.
Coral Gold appears to be an excellent long-term speculation stock, but there is substantial risk. They have a 2.6 million oz inferred resource (.5 gpt). It is a near surface oxide mine, which are cheap to build and operate. And the FD market cap is only $ more
Updated: Alio Gold Inc.
Timmins Gold is a young company that just began producing in 2010. They are aggressive with the drill bit (currently they have a 200,000 meter drill program) and have 500,000 acres to explore in Mexico on 10 properties. They have no debt and cash flow... more
Updated: Atlanta Gold Inc
Atlanta Gold is a highly undervalued stock. They have a $10 million fully diluted market cap and are getting close to production. The Atlanta mine is a 800,000 oz (3 gpt) surface mine. They plan to bulk sample 15,000 oz in 2014 and 2015 to provide cash... more
Updated: Emgold Mining Corp.
Emgold Mining is a high risk / high reward speculation stock. They have a market cap of $4 million fully diluted and their future reserves are valued at $2.50 per oz. If they do make it into production, those reserves are likely to be valued over $50 per... more
Updated: Loncor Resources Inc
Loncor Resources has considerable upside potential. It is a new company with 5 million acres of exploration potential in the DRC (Democratic Republic of Congo). When I looked at them in 2012, they had a FD market cap of $113 million. I thought that was... more
Updated: Levon Resources Ltd
Levon Resources has a huge potential mine in Mexico. The Cordero project has 450 million oz of silver (20 gpt), 6 billion lbs of zinc, and 3 billion lbs of lead, and they are still drilling aggressively. They released a PEA in March 2012, with a mine... more
Updated: Silver Bull Resources Inc
Silver Bull Resources is highly undervalued. They have a 164 million oz (70 gpt) silver deposit in Mexico called Sierra Mojada. The property is on 48,000 acres and has exploration possibilities for future growth. This stock looks like a slam dunk 5... more
Updated: Tinka Resources Ltd.
Tinka Resources has a 30 million oz silver project (Colquipucro) in Peru. It is a high grade surface mine (90 gpt) that is a low cost heap leach with 90% recovery rates. They are currently doing infill drilling and then they will likely update their 43-10 more
Updated: Pan American Silver Corp.
Pan American Silver is one of the best silver producers. They plan to increase silver production from 25 million oz to 30 million oz by 2016. As long as silver prices stay high, they are going to be a cash flow machine. Cash costs in 2013 will be around $ more
Updated: Oceanagold Corp.
OceanaGold is solid mid tier producer. The have 10 million oz in resources (1 gpt) and will produce 300,000 oz in 2014 with all-in costs around $1100 per oz. They are undervalued with a FD market cap of $400 million and future reserves valued at $50 per... more
Updated: Comstock Mining Inc
Comstock Mining looks like a 5 bagger. They have a 2.5 million oz resource (1 gpt) and started production in 2012. They have a large 6,000 acre property with significant exploration potential. I expect production to reach at least 150,000 oz long term.... more
Updated: Minco Silver Corp.
Minco Silver is highly undervalued. Especially for a company that is very close to building their first mine (construction should begin in 2014 or 2015). They have a large high grade deposit (150 million oz and growing) that is an anomaly. It is high... more
Updated: Sabina Gold & Silver Corp
Sabina Gold & Silver has a large high grade gold project in Canada. The Back River project has 6 million oz (6 gpt) and significant exploration potential. The feasibility study calls for 287,000 oz of production annually at 5,000 tpd. The capex is $600... more
Updated: Endeavour Silver Corp
Endeavour Silver is a star performer in the silver production category. They have everything working. They have 3 high grade silver mines in Mexico producing 6 million oz in 2013. They are expanding production and reserves at a fast rate, projecting 10... more
Updated: Fortuna Silver Mines Inc
Fortuna Silver is a mid-tier producer in Mexico and Peru. Fortuna is very similar to First Majestic Silver and Endeavour silver. All of them have performed very well over the last 3-5 years. They all have low cash costs, no debt, and substantial cash.... more
Updated: Silvercorp Metals Inc
Silvercorp is a mid-tier producer in China. They have very large high grade resources with 250 million oz at 200 gpt. Their cash costs for the last quarter were $3.23 per oz, which is the lowest in the industry. All-in costs were around $12 per oz. Thus,... more
Updated: Rio2 Ltd
Atacama Pacific Gold has a large gold project in Chile. It is a 4.5 million oz, low grade (.4 gpt) oxide surface mine. They released a PEA to mine a 3.3 million oz oxide open pit at 250,000 oz per year. The cash costs are projected to be $650 per oz,... more
Updated: Paramount Gold Nevada Corp
Paramount Gold is a project generator. They have two large projects (San Miguel and Sleeper) that are long life mines with exploration potential. They have already identified 9+ million oz of gold equivalent (including silver), and it is likely that... more
Updated: Golden Valley Mines
Golden Valley Mines is a project generator with 50 gold properties and another 50 base metals properties in Canada. They have been in business for 10 years and are starting to get some results. They have four joint ventures in the Abitibi Greenstone Belt... more
Updated: Mineral Mountain Resources Ltd
Mineral Mountain Resources is a new company with a lot of potential. They have a good management and technical team, led by Nelson Baker, the ex CEO of Rainy River. If you like betting on people and getting in early, this could be your type of stock.... more
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 (Hudbay) recently put the project on hold. Back Forty is a 1 million oz (1.5 gpt) gold project, with significant offsets in... more
Updated: Goldmining Inc
Brazil Resources is a new company. They have a good management team with influential people on the board. Their stated focus is to acquire advanced stage projects and bring them into production. In 2012, they acquired the Cachoeira project. After their... more
Updated: Lion One Metals Ltd
Lion One Metals is highly undervalued with a fully diluted market cap of only $23 million. They have an advanced high grade project in Fiji called Tuvatu (90,000 acres). It is a 750,000 oz (6 gpt) deposit that is currently being permitted. A PEA or pre-fe more
Updated: Precipitate Gold Corp
Precipitate Gold is a new company started in 2012. They have a tiny market cap of only $4 million and some interesting properties in Canada, the Dominican Republic, and Mexico. This is a long-shot high risk speculation stock. However, it was founded by... more
Updated: Belo Sun Mining Corp
Belo Sun Mining is undervalued and a potential 10 bagger. They have a very large advanced open pit project in Brazil called Volta Grande (330,000 acres). It is a 7.5 million oz open pit project. The pre-feasibility study released in 2013 calls for a $750... more
Added: Nulegacy Gold Corp
NuLegacy Gold has an early exploration project in Nevada called Red Hill (15,000 acres). It is nearby Barrick Gold’s 14 million oz Goldrush open pit deposit. It could be another large open pit. The early drill results at their Iceberg deposit are... more
Updated: Liberty Gold
Pilot Gold was formed from Fronteer Gold’s management team. They have an advanced project in Turkey called Halilaga. It is really a copper project operated by Teck (60% ownership and operator), with 2 billion lbs of copper and 3.2 million oz of gold.... more
Added: Roxgold Inc
Roxgold Inc. has an advanced gold project in Burkina Faso. Yaramoko is a million oz deposit with an avg grade around 13 gpt. They released a PEA with a capex of $94 million to begin producing 100,000 oz per year (likely in 2016). The after-tax IRR is 47%... more
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 $34 million. That results in future reserves being valued at .42 cents per oz, which is very cheap. They have been losing money as... more
Updated: Excellon Resources Inc.
Excellon Resources appears to be a slam dunk 3 bagger if they can expand their resources in Mexico (two properties with 100,000 acres). However, I have my doubts. I'm a stickler for management, and I did not like their company presentation, nor their... more
Added: Surge Copper Corp
Gold Reach Resources is really a copper company. However, I am including it in the database because the Ootsa project has about 2 million oz of gold and silver equivalent (1.3 million oz of gold and 28 million oz of silver). It is a 2+ billion lb open... more