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Mining Stocks - Latest News
Updated: Majestic Gold Corp
Majestic Gold is an emerging mid-tier producer. They should reach full production of 105,000 oz (they get 75%) in about 18 months. Their Song Jiagou flagship project in China is a very low cost mine ($400 per oz) and will produce high cash flow of more... more
Updated: Majestic Gold Corp
Majestic Gold is an emerging mid-tier producer. They should reach full production of 105,000 oz (they get 75%) in about 18 months. Their Song Jiagou flagship project in China is a very low cost mine ($400 per oz) and will produce high cash flow of more... more
Silver versus Gold Inventory
There is about 150,000 tons of gold above ground, and at least 5x that amount in silver. But those totals are irrelevant. What is relevant is what you can purchase.
About half of the gold total is in jewelry and artwork. The amount that is recycled and re-enters the market as bullion and coins on an annual basis is negligible for the total gold supply for sale.
So the gold inventory is about 75,000 tons (gold and bullion) and it is rising at very small rate of about 2,000 tons per year.... more
Updated: Mundoro Capital
Mundoro Capital is a new project generator with 9 properties in Mexico on 500,000 acres and another 8 properties in Serbia and Bulgaria. All of their properties are early exploration and they have significant plans to drill. They have $17 million in... more
Updated: Minnova Corp
Auriga Gold is a possible near-term producer. Auriga wants to begin production in 2013 of their Puffy Mine on their Maverick property (5,000 acres) in Manitoba. However, in their March 2013 MDA, they are looking for a JV partner or to sell the project.... more
Auriga Gold Update
I originally issued a news release stating that this is a 5 rated stock, along with a youtube analysis (which I subsequently deleted). I have reduced their rating from 3.5 to 3. I was fooled by their company presentation, which implied they had a loan for $23 million and were proceeding with constructing mind and beginning production in 2013. However, this presentation was from October. Subsequently, in November they issued their last news release (that should have been a big red flag) that... more
Updated: Minnova Corp
Auriga Gold is a near term producer and extremely undervalued. In fact, it is the only stock that I currently have rated as a 5. Auriga is scheduled to begin production of their Puffy Mine on their Maverick property (5,000 acres) in Manitoba. It is only... more
Updated: St. Augustine Gold & Copper Ltd
St. Augustine Gold & Copper has a very large project in the Philippines. Even when reducing resources and future cash flow to represent their 60% ownership (and 80% recovery rate), this is a potential 20 bagger. They will receive potential cash flow of... more
Updated: Silver Predator Corp
Silver Predator Corp. is a new company, but they are already close to production. They are going to release a pre-feasibility study in Q4 2013 on their 100% owned Taylor mine. It is a 20 million oz (80 gpt) past producing surface mine. My guess is the... more
Updated: Silver Range Resources Ltd
Silver Range Resources is a new spinout from Strategic Metals. They are going to help Strategic Metals explore some of their properties. The first big project is Silver Range, a district size property (100,000 acres) with 24 known areas of silver... more
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