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News from September 2014

09/29/2014
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 $1000 per oz. They have cash flow, $25 million in cash, and no debt. Plus, they have 18 properties to explore (200,000 acres in...  more
09/28/2014
Analysis  
Updated: Batero Gold Corp
Batero Gold is highly undervalued. They have a 3 million oz. resource (.5 gpt) in Colombia, but only 70% recovery rate. That is a large flagship project. Surprisingly Batero Gold has a low valuation of $8 million fully diluted, with future reserves...  more
09/28/2014
Analysis  
Updated: Americas Silver Corp.
Scorpio Mining is a small silver producer focused in Mexico. This is a very cheap stock right now with a FD market cap of only $50 million, and it has fallen 80%. The reason it has crashed so harshly is because their production dropped from 2 million oz...  more
09/28/2014
Analysis  
Updated: Victoria Gold Corp
Victoria Gold is highly undervalued. Their future reserves are valued at $20 per oz and they have a FD market cap of $41 million. They have a 2.5 million oz resource (.7 gpt) in Canada (73% recovery rate) and are heading towards production of 200,000 oz...  more
09/27/2014
Analysis  
Updated: Maple Gold Mines Ltd.
Aurvista Gold has 3 million oz of gold (mostly inferred) in Quebec, but investors don't care. They are valued at $1 per oz for total resources, which is about as cheap as you will find. In fact, it is one of the cheapest gold mining stocks. They have a 3...  more
09/27/2014
Analysis  
Updated: Red Eagle Mining Corp
Red Eagle Mining is a developing a gold project in Colombia. I have been very impressed watching their progress the past three years. They began drilling in 2011 and have already released a 43-101 resource estimate, a PEA, and a feasibility study. Their...  more
09/27/2014
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 Caramanta property (33,000 acres) they had monster holes of 450 meters at 1 gpt and...  more
09/27/2014
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 2017. If they make that target (which won't be easy), then this should be a 5 bagger long...  more
09/26/2014
Analysis  
Updated: Arizona Mining Inc
Wildcat Silver is undervalued and a potential 25 bagger. They have a FD market cap of only $59 million, but will receive 80% of the profits from 6+ million oz of avg annual production (18+ years of production). The first 5 years will have 15 million oz...  more
09/25/2014
Analysis  
Updated: Fresnillo Plc
Fresnillo is a major and the largest pure silver producer at 43 million oz per year. They plan to expand production to 65 million oz by 2018 (plus 700,000 oz of gold). This is a solid company with $1.2 billion in cash and no debt. They have huge...  more
09/21/2014
Analysis  
Updated: Novo Resources Corp
Novo Resources is an exciting 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 company is being pushed by Bob Moriarty on 321gold.com. He thinks it...  more
09/19/2014
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
09/19/2014
Analysis  
Updated: Emx Royalty Corp
Eurasian Minerals is an interesting company because they have 42 exploration projects in 10 countries (15 JVs) with a FD market cap of only $60 million. The upside is somewhat constrained because they are a project generator without any near-term cash...  more
09/19/2014
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 in size. Their FD market cap has jumped from $14...  more
09/18/2014
Analysis  
Updated: Black Dragon Gold Corp
Astur Resources appears to be a potential 25 bagger. Their Salave project in Spain is a 1 million oz resource (4 gpt). Production is scheduled for 2017 if the can get financing in 2015. It is not a very long life mine, but the deposit is open at depth...  more
09/17/2014
Analysis  
Updated: Xtierra Inc
Xtierra Inc. has a late stage silver project in Mexico. The problem is that the recently released PEA has a post-tax IRR of only 13%. Plus, the capex was $100 million, which is probably too much to finance 1.4 million oz of annual production. It could...  more
09/17/2014
Analysis  
Added: Yorbeau Resources
Yorbeau Resources is a project generator with a high grade project (Rouyn) in Quebec. It looks like a small mine. They have 700,000 oz at 6 gpt. However, they think there could be a 2 to 3 mile trend of high grade mineralization. If that is true, then...  more
09/14/2014
Analysis  
Updated: Barkerville Gold Mines Ltd
Barkerville Gold is highly undervalued. They have potentially 5 to 20 million oz (2 gpt) of gold in British Columbia, Canada with a FD market cap of $36 million (145 million FD shares at .26 cents). It is in a good location, and not in the extreme north...  more
09/14/2014
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
09/14/2014
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
09/14/2014
Analysis  
Updated: Inventus Mining Corp
Ginguro Exploration is a project generator with an early discovery (Pardo property) in Ontario, Canada. Their stock jumped from 3 cents a share to 35 cents in 2 months after the discovery in 2013. A member told me about it, so I decided to add it the...  more
09/13/2014
Analysis  
Updated: NorZinc Ltd.
Canadian Zinc looks like a slam dunk. They are heading towards production once they get financing ($193 capex) 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
09/13/2014
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
09/13/2014
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 Q4 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...  more
09/13/2014
Analysis  
Updated: Premier Gold Mines Ltd.
Premier Gold Mines has a large 7 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. The PEA came out in 2014 with a $400 million capex. That's a big capex, but...  more
09/11/2014
Analysis  
Updated: Medusa Mining Ltd.
Medusa Mining is a mid-tier producer in the Philippines. They plan to produce about 100,000 oz in 2014 and expand that to 150,000 oz in 2015. With low cash costs around $400 per oz, that makes them a cash flow machine at higher gold prices. They have $13...  more
09/10/2014
Analysis  
Updated: Novagold Resources Inc.
NovaGold Resources has a huge advanced gold project in Alaska. Donlin 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
09/07/2014
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
09/07/2014
Analysis  
Updated: Tahoe Resources Inc
Tahoe Resources has a monster silver project (Escobal) in Guatemala. Production began in 2014 at 20 million oz annual production (20 year mine life). Tahoe has FD market cap of $3.6 billion, and future silver reserves are valued at $10 per oz, so it is...  more
09/07/2014
Analysis  
Added: Galane Gold Ltd
Galane Gold appears to have the management team and properties to be successful. They have a small FD market cap of $15 million, yet are producing 50,000 oz at a profit. Plus, they have a pretty good balance sheet of $11 million in cash and only $3...  more
09/06/2014
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
09/04/2014
Analysis  
Updated: Corvus Gold Inc
Corvus Gold is a new company, only four years old. It was spun off by International Tower Hill Mines. They have two promising JVs in Alaska where they own 45% to 49% as an equity partner. But those are just a plus. The real value of Corvus is their North...  more
09/01/2014
Analysis  
Updated: Hummingbird Resources Ltd
Hummingbird Resources has two advanced open pit gold projects in West Africa (Mali and Liberia). It looks like a can't miss stock. They have 6 million oz at 2 gpt and another 150 targets on 1,000,000 acres. The Yanfolila project in Mali is a near-term...  more
09/01/2014
Analysis  
Added: Shanta Gold Ltd.
Shanta Gold is a producer in Tanzania. They have 2 million oz of resources at 5 gpt. Current production is 80,000 oz at $1000 to $1100 all-in costs. Thus, they are profitable with cash flow. They have $60 million in debt and $15 million in cash. Once...  more


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