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News from November 2013

11/28/2013
Analysis  
Updated: Acacia Mining Plc
African Barrick Gold is an undervalued emerging major with growth potential. It would be an excellent stock for a gold mutual fund, and a good income stock. They have an excellent pipeline of projects to grow production and they are a moderate cost...  more
11/27/2013
Analysis  
Updated: Southern Silver Exploration Corp
Southern Silver Exploration is a project generator with a tiny market cap ($3 million fully diluted) and a potential flagship property (Cerro Las Minitas). Freeport-McMoran optioned the property in 2012 and has to spend $5 million over the next three...  more
11/26/2013
Analysis  
Updated: Alamos Gold Inc
Alamos Gold is an emerging major that is performing well. They have low cash costs, $429 million in cash, no debt, and forecasted production growth. This rosy picture has pushed up the stock price to a $1.7 billion FD market cap. Most of the value is...  more
11/26/2013
Analysis  
Updated: Explor Resources Inc.
Explor Resources is a project generator in Canada with 4 active properties and 16 total. They have a large land package of 65,000 acres in the Abitibi greenstone belt. Their TPW (Timmins Porcupine West) project is a high grade flagship in the right...  more
11/26/2013
Analysis  
Updated: Explor Resources Inc.
Explor Resources is a project generator in Canada with 4 active properties and 16 total. They have a large land package of 65,000 acres in the Abitibi greenstone belt. Their TPW (Timmins Porcupine West) project is a high grade flagship in the right...  more
11/25/2013
Analysis  
Updated: Explor Resources Inc.
Explor Resources is a project generator in Canada with 4 active properties and 16 total. They have a large land package of 65,000 acres in the Abitibi greenstone belt. Their TPW (Timmins Porcupine West) project is a high grade flagship in the right...  more
11/24/2013
Analysis  
Updated: DELETE - Hycroft Mining Corp
Allied Nevada is one of my favorite stocks. They are currently a mid-tier producer, with production at 200,000 oz. However, they plan to increase that significantly in 2015. They have incredible resources at their flagship Hycroft property in Nevada (25...  more
11/24/2013
Analysis  
Updated: Meadow Bay Gold Corp
Meadow Bay got lucky. They purchased a mine in Nevada that had a 500,000 oz resource (1.3 gpt) and they planned to double it and begin production. However, when they started drilling they found a porphyry extension off the main pit that could result in a...  more
11/23/2013
Analysis  
Updated: Teranga Gold Corp
Teranga Gold is a highly undervalued growing mid-tier producer with two large properties in Senegal (located next to each other). Their production should steadily increase over of the next five years from 200,000 oz in 2014 to possibly 400,000 oz in 2018.  more
11/22/2013
Analysis  
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
11/20/2013
Analysis  
Updated: Centamin Plc
Centamin Plc is a mid-tier producer in Egypt. In October 2012, a court ruling removed Centamin's rights to mine in Egypt. This is currently under appeal and the mine is still operating. Because this is a 50/50 JV with an Egyptian government agency, it...  more
11/19/2013
Analysis  
Updated: Mandalay Resources Corp.
Mandalay is a mid tier gold producer (they also produce silver) in Chile and Australia. They are not significantly undervalued, because they have low cash costs and no debt. It’s hard to estimate their potential future valuation, because they have low...  more
11/17/2013
Analysis  
Updated: Redstar Gold Corp
Redstar is a project generator without an advanced stage project. However, they have 3 JV’s on their 13 properties and likely will add more JVs. All they need is to find one large mine to make them a 5 bagger, because their fully diluted market cap is...  more
11/17/2013
Analysis  
Updated: Rubicon Minerals Corp.
Rubicon Minerals is a near term producer in Canada (150,000 oz). A lot of the upside has already been built into the stock price. Now with a FD market cap of $372 million, the upside is a bit constrained. I like this stock because they are going to begin...  more
11/16/2013
Analysis  
Updated: Balmoral Resources Ltd
Balmoral Resources has 10 bagger potential, but it is a high risk speculation stock because they currently do not have an advanced project. They own an 82 kilometer trend in a high grade gold bearing zone (Abititbi in Quebec). The Abititbi gold district...  more
11/16/2013
Analysis  
Updated: Bear Creek Mining Corp.
I loved Bear Creek Mining until June 25, 2011. That was the day the President of Peru did the highly unusual act of revoking the mining rights at their Santa Ana project. He did this because of political pressure from local resistance to the project in...  more
11/16/2013
Analysis  
Updated: Gogold Resources Inc.
GoGold Resources has potential, but they will need to find a second mine. This is currently a silver mining company, but that could change with an acquisition. They will begin producing 1.8 million oz of silver in 2014 at projected all-in costs of $9 per...  more
11/12/2013
Analysis  
Updated: Resource Capital Gold Corp
Reliance Resources is a high risk speculation stock and a long term investment. It has a small FD market cap of only $1.8 million. They have 5 projects in Indonesia on 68,000 acres. I like their chances if they can get funding, but currently they are out...  more
11/11/2013
Analysis  
Updated: Bravada Gold Corp.
Bravada Gold has a tiny market cap of only $1 million fully diluted. They have 14 Properties in Nevada with significant exploration potential. The company was a roll out from Bravo Gold and is a relatively new project generator. There best property is...  more
11/11/2013
Analysis  
Updated: Columbus Gold
Columbus Gold is a project generator and an undervalued stock. The question is how much are they undervalued? They own 49% of the Montagne deposit in French Guyana (South America). It is a 5 million oz surface deposit at 1.4 gpt (inferred). Their JV...  more
11/11/2013
Analysis  
Updated: Columbus Gold
Columbus Gold is a project generator and an undervalued stock. The question is how much are they undervalued? They own 49% of the Montagne deposit in French Guyana (South America). It is a 5 million oz surface deposit at 1.4 gpt (inferred). Their JV...  more
11/10/2013
Analysis  
Added: Sibanye-Stillwater
Sibanye Gold is a new major in South Africa that was created by Gold Fields. It encompasses three producing underground gold mines that have 77 million oz in resources. They will produce 1.3 million oz in 2013. Gold Fields created this company to remove...  more
11/08/2013
Analysis  
Updated: Mawson Resources Ltd
Mawson Resources is a new project generator focusing in Sweden and Finland. They do not yet have any JV deals, but they have a big project in Sweden called Rompas. Soil samples have averaged 3 opt, and several samples averaged 30 opt. They began initial...  more
11/07/2013
Analysis  
Updated: Midas Gold Corp
Midas Gold is highly undervalued. They have a very large project in Idaho that is heading to production around 2018. Golden Meadows is a 7 million oz resource (1.6 gpt) that is growing in size, and has significant exploration potential. They have a fully...  more
11/04/2013
Analysis  
Updated: Xtra Gold Resources Corp
Xtra-Gold is a project generator with one property in Ghana (West Africa). The Kibi project has significant potential. It is on 55,000 acres and has 4 deposits that they are drilling. Zone 2 had a 43-101 resource estimate in 2012 of 400,000 oz at 2 gpt (n  more
11/03/2013
Analysis  
Updated: Evolving Gold Corp
Evolving Gold is a relatively new project generator, led by an excellent geologist. They have good properties. Their Rattlesnake Hills project in Wyoming is on 14,000 acres and has had 225 holes drilled (76,000 meters). Based on drill results, I expect...  more
11/02/2013
Analysis  
Updated: Black Dragon Gold Corp
Astur Resources appears to be a potential 25 bagger. Their Salave project in Spain is a 2 million oz resource (2.8 gpt) and they plan to produce 125,000 oz per year for 10 years. Production is scheduled for 2015. It is not a very long life mine, but the...  more
11/02/2013
Analysis  
Updated: Southern Arc Minerals Inc
Southern Arc is a project generator. They have 3 properties in Indonesia that have potential. East Elang is a 25% JV with Valle (a major copper producer).West Lombok has a 12 mile strike with three deposits, and is a possible 3 to 5 million oz gold...  more
11/01/2013
Analysis  
Updated: Nighthawk Gold Corp
Nighthawk Gold has a potential long life mine in Northern Canada. Their large property in the Indin Lake Gold Camp is on 220,000 acres. This camp has produced 16 million oz historically at 1.6 gpt. Production stopped in 1997, when they were producing 100,  more
11/01/2013
Analysis  
Updated: Solitario Zinc Corp
Solitario Exploration & Royalty has a late stage project (Mt Hamilton) in Nevada that looks promising. It is a relatively small project at 720,000 oz at .8 gpt (their 80% share), but it has a small capex ($72 million) and low all-in costs ($900 per oz)....  more


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