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Mining Stocks - Latest News
Is June the Month?
This gold correction which began in September 2011 has been brutal for mining stock investors. Anyone who has bought the dip during this correction has constantly watched mining shares go lower, until May. Now we appear to have seen the bottom in the HUI hold. Sure, we could see a new low below 250, but it looks like June will be the month for a breakout.
The mining shares have been obliterated during this 21 month correction, just like what happened in 2008. The fall in the HUI (628 to 249 = more
Is Gold Confiscation Possible?
I say no. The problem with confiscation is that gold is becoming a global currency and replacing fiat. This wasn't the case in the 1930s. If a country like the US wanted to confiscate gold while the rest of the world was moving to gold as a currency, then that wouldn't make sense. We would be perceived as a laughing stock with our heads in the sand.
Gold is becoming a de-facto currency. I don't see how this can be stopped or how governments can stop it. The real issue here is taxation, which... more
Updated: Franco-Nevada Corp
Franco Nevada is a royalty company, and a very good one. They're revenue growth is growing at fast rate. They have 46 producing projects with an expected net income around $150 million in 2013. They have an excellent pipeline of 28 advanced stage... more
Updated: Intl. Tower Hill Mines Ltd
Int. Tower Hill Mines has a monster project in Alaska with 20 million oz (.5 gpt) at a 80% recovery rate. They plan to begin producing in 2019 at 550,000 oz per for 23 years (13 million oz). Estimated cash costs are around $700, but energy prices are... more
Updated: Carlin Gold Corp
Carlin Gold Corp. has 3 early exploration properties in Nevada that look promising. Plus, a 50/50 JV with Constantine Metals for 13 projects on 120,000 acres in Yukon, Canada. They have only drilled 7 holes on their properties (Cortez Summit in Nevada).... more
Updated: DELETE - Braveheart Resources Inc
Rainbow Resources is a new exploration company. They have two projects that are both early exploration. The Big Strike project is several properties on 30,000 acres in Southwest British Columbia. Their other project is called Jewel Ridge in Nevada and is... (stock removed)
Updated: TRX Gold Corp
Tanzanian Royalty Exploration has a late stage project (Buckreef) and numerous exploration properties in Tanzania. In fact, they have a 5 year plan to bring 5 projects into production (or close to production): Buckreef, Tembo, Itetemia, Bingwa, and... more
Updated: Canagold Resources
Canarc Resources is a Project Generator focusing in Canada. They have some good properties, yet investors have stayed away. Their New Polaris project is a 1.1 million oz resource, averaging 11 gpt. They have a PEA for 72,000 oz of production for 10 years... more
Updated: Canstar Resources Inc
Canstar Resources is in the lowest category: Potential Exists. They have a significant property called Mary March that has upside potential. It is near a past producing mine and the geology is very similar. Early drill results have been promising with... more
Updated: Santacruz Silver Mining Ltd
Santacruz Silver Mining is an emerging mid-tier producer. It was a good investment a year ago when their market cap was $60 million. At that time it appeared to be a can't miss investment and I had it rated at 3.5. However, once they began producing in... more
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