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News from December 2011
Added: Great Panther Silver Ltd
The problem with this stock is that it is no longer cheap. It is likely a 3 bagger long term, but I would rather hold SIL than silver stocks rated 2.5 or less. Based on their properties and pipeline, I don't think they will expand much beyond 5 million... more
Added: West Red Lake Gold Mines Inc
I read about HY Lake from an analyst who loved it. They have a large property (8500 acres) in the Red Lake district in Canada. They are drilling 3 projects on their Red Lake property: Mount Jamie, Rowan Lake, and Red Summit. Are all past producing high... more
Added: Lydian Intl. Ltd.
Lydian has a solid property called Amulsar in Armenia. It is already a 2.5 million oz resource, with an additional 40,000 meters of drilling in 2011. Production of 120,000 oz is forecasted for 2014, increasing to 200,000 oz in 2017. It will likely be a 3... more
Added: Minco Gold Corp.
The best thing they have going for them is 22% ownership of Minco silver. The other thing they have is the Changkeng property with 1 million oz (51% ownership). If they can expand their reserves, then this stock should rise. Personally, I like Minco... more
Added: Outcrop Gold Corp.
Miranda is a project generator, meaning that they stake and drill. Their objectives are not to mine gold, but to find it and sell it to a partner (called a Joint Venture). Miranda has 9 JVs and 16 properties, but none of their projects has found a long... more
Added: Granada Gold Mine Inc
Gold Bullion Development is highly undervalued with a fully diluted market cap of only $30 million. They have an estimated 2+ million oz resource (43-101 coming out in Q1 2012). This low valuation is typical in the mining business lately. Large deposits... more
Added: Golden Hope Mines Ltd
Golden Hope Mines is very similar to companies like Gold Bullion Development Corp. They have a potential flagship property, but the market will not give them any value. They are highly undervalued, with a fully diluted market cap of only $16 million. And... more
Added: Aurcana Corp
Aurcana is one of the few silver producers that is not highly undervalued. Also, they have 557 fully diluted shares. If the stock price doubles, that makes the value of the company nearly $1 billion on a fully diluted basis. Thus, the upside is somewhat... more
Added: Avino Silver & Gold Mines Ltd
Avino Silver is undervalued, but they appear to be a small producer with limited upside. The current fully diluted market cap is only $50 million and they probably have 30 million oz on their 3200 acre Avino property. Once they begin production, it will... more
Added: Rizal Resources Corp
Cadan Resources is highly undervalued. They have a fully diluted market cap of $15 million and they plan to begin production in 2012, with the goal of producing 100,000 oz in 2014. Even if they only reach half of their goal, this stock will likely be a 5... more
Added: Canasil Resources Inc.
Canasil Resources is highly undervalued, but there is some risk because they have not yet found a mine that will provide cash flow. The have a lot of properties to explore (10 properties on 300,000 acres) in Mexico and only have a $12 million fully... more
Added: Newrange Gold Corp
Colombian Mines is undervalued and has a lot of potential. They have 7 properties on 400,000 acres, and two projects that look very promising. The Yarumalito project is forecasted to have 3-5 million oz. It is still early exploration (with 41 holes... more
Added: Euromax Resources Ltd
Euromax is a speculation stock with a huge upside if they build their mines. They have two flagship properties that are ready for prefeasibility studies and a fully diluted market cap of only $34 million. Why such a low valuation with such stellar... more
Added: Everton Resources Inc
Everton is a high speculation stock, but the upside is very high (potential 50 bagger). They have an abundance of land surrounding the Pueblo Viejo project of Barrick Gold, which has 23 million oz of gold. They have just began drilling their 100% owned... more
Added: Timberline Resources Corp
Timberline is highly undervalued and a potential 10 bagger long term. They will have cash flow starting in Q4 2012 from their 50/50 Butte Highlands JV project. The annual production will be around 50,000 oz (although there is no guidance from Timberline... more
Updated: Abcourt Mines Inc.
Abcourt is very cheap at $12 per oz for future reserves. However, it is highly diluted and I have my doubts about management's ability to develop their projects. They have two late stage projects and are looking for financing to build them. If both... more
Added: African Gold Group Inc.
I paid .50 cents and thought it was a speculation investment with 20 bagger potential. I got in because of their Kobada and Asankrangwa projects. Kobada is a late stage project forecasted to begin production at 125,000 oz in 3 or 4 years, and will likely... more
Added: Desert Mountain Energy Corp
African Queen is a project generator with several early exploration projects in Africa. They have five projects that all potentially could have something. So far, they have not found a mine. Their King Solomon project in Mozambique is currently their... more
Added: Agnico Eagle Mines Ltd
Growth will be steady, but nothing to get excited about. They will likely outperform in the major category. However, with a $7 billion cap, they are not going to explode in value. One of the better majors, but I am not sure if they can triple in value by... more
Added: Alacer Gold Corp
Alacer was created in early 2011 from a merger of Avoca Resources (Australia) and Anatolia Minerals (Turkey). This merger appears to be in both companies interest and will drive the share price higher. Production is projected to increase steadily from... more
Added: DELETE - Hycroft Mining Corp
All I have to say is that I missed this one. It traded at under $2 in 2008 and today it is at $31 and heading to $100. What an amazing story. They have incredible reserves at their flagship property, low costs, rapid production growth, and $350 million... more
Added: Almaden Minerals Ltd.
Almaden Minerals is a project generator, meaning that they stake and drill. Their objectives are not to mine gold, but to find it and sell it to a partner (called a Joint Venture). This model works well for investors if management looks out for stock... more
Added: Amarc Resources Ltd.
Amarc Resources has two interesting projects in Canada. Their Newton project has had excellent drill results: 220 meters at .6 gpt, 189 meters at 1.5 gpt, and 293 meters at .6 gpt. These drill results have kept the stock price flat while most stocks have... more
Added: Amarillo Gold Corp
Amarillo Gold is highly undervalued. They have two excellent projects in Brazil. The Mara Rosa project is scheduled to begin production of 120,000 oz in Q1 2014. Mara Rosa is on 160,000 acres and has significant exploration potential to expand production... more
Added: Santa Fe Gold Corp.
Santa Fe Gold has potential, but I don't like their current red flags. They are a small producer and are likely to expand production significantly (if they can retain their Ortiz lease). They recently made a very good acquisition of Columbus Silver (not... more
BullMarketThinking.com interview by Tekoa Da Silva
"...the book, which in my estimation is a Bible-equivalent for junior resource investors, aggregates the small details investors need to know in order to survive in the junior resource market." - Tekoa Da Silva more
Added: Acacia Mining Plc
African Barrick Gold is a strong major with growth potential. It would be a good stock for a gold mutual fund, but it will not outperform GDXJ. They have an excellent pipeline of projects to grow production and they are a low cost producer. Plus, they... more
Added: Maple Gold Mines Ltd.
Added: Explor Resources Inc.
Added: Meadow Bay Gold Corp
I find it amazing that people can be anti-gold after watching it rise 20% year after year for a decade. It comes down to understanding economics and most people don't. Gold is a misunderstood unit of value. This is odd, considering the rarity of the metal. They only mine 2500 tons per year. That is hardly anything. Once demand appears (the recent SF Gold show was empty), there won't be any physical to be had.
From a simple analysis, everyone should want to own at least 10% of their net... more
Added: Mandalay Resources Corp.