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Mining Stocks - Latest News
WallStForMainSt interview by Jason Burack with Don Durrett.
In this 40+ minute interview, Jason Burack of WallStforMainSt.com interviews author and private investor Don Durrett. They talk about the macro situation, why stocks have not crashed, peak cheap oil, precious metals and mining stocks. more
Added: NorZinc Ltd
Canadian Zinc is a near term producer. This looks like a slam dunk. They are heading towards production in 2014 and have a large high grade deposit (68 million oz at 5 opt). Production will start slow (2.2 million oz) and increase, likely reaching 3+... (stock removed)
Added: DELETE - Xtierra Inc
Xtierra Inc. has a late stage silver project in Mexico that should begin production in 2015. The feasibility study is due in 2012 and will give us the production numbers. It is a 20 million oz resource (50 gpt) and should have negative cash costs from... (stock removed)
Ramblings
The action on gold/silver this week implied that $22-23 silver and $1435-1470 gold is back in play. However, even if we reach those bottoms, they are not likely to last all the way to November. In fact, I will be very surprised if gold does not rally at some point before November.
I'm hoping we see a big rally in gold before November and everything is pointing that way. Gold has been in a negative trend (although we bounced off the bottom in May) since September and the money printing... more
Added: GMV Minerals Inc
GMV Minerals has a very low market cap ($5 million fully diluted) for owning this much land (700,000 acres). Guyana is known for having gold and they own leases on several large properties. They are just now starting phase 1 drilling, soil sampling,... more
Added: 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
Added: Harmony Gold Mining Co.
Harmony Mining is a 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 it's current price. They are... more
Added: Galiano Gold Inc
Keegan Resources is a highly undervalued stock with a large (5 million oz) late stage project in Africa (Ghana). They own 90% and the Ghana government owns 10%. If you don't mind Ghana (currently a stable democracy with several large mining operations,... more
Added: Ten Sixty Four Ltd
Medusa Mining is a mid tier producer (my definition) in the Philippines. Most of the value is priced into the stock, but they could be a 3 bagger long term. They plan to increase production from 100,000 ounces in 2011 (10 gpt) to 400,000 in 2016. If they... more
Added: Novagold Resources Inc
NovaGold Resources has a huge late stage project in Alaska (Donlin). A lot of the upside is built into the stock price ($1.8 billion fully diluted market cap), although cash flow will be around $700 million per year for 27 years at $2,000 gold prices. At... more
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