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News from October 2014

10/30/2014
Analysis  
Updated: Goldgroup Mining Inc
Goldgroup is a highly undervalued small producer in Mexico, with two nice projects in their pipeline. Their 1 million oz (.5 gpt) Caballo open pit project will produce 95,000 oz in approximately 2016. They still need final permits, surface rights, and...  more
10/27/2014
Analysis  
Updated: East Africa Metals Inc
East Africa Metals is a new project generator. They arose from a spin-out from Canaco Resources in 2012. They have two large properties in Tanzania. The Magambazi project (25,000 acres) is a 45% JV with a Chinese producer. It is a 1 million oz surface...  more
10/25/2014
Analysis  
Updated: Loncor Resources Inc
Loncor Resources has considerable upside potential. It is a new company with 5 million acres of exploration potential in the DRC (Democratic Republic of Congo). When I looked at them in 2012, they had a FD market cap of $113 million. I thought that was...  more
10/24/2014
Analysis  
Updated: Atlanta Gold Inc
Atlanta Gold is a highly undervalued stock. They have a $6 million FD market cap and are getting close to production. The Atlanta mine is a 1 million oz (3 gpt) surface mine. They plan to bulk sample 2500 oz in 2014 and 2015 to provide some cash flow (per  more
10/23/2014
Analysis  
Updated: Emergent Metals Corp
Emgold Mining had an excellent project in California with 1.5 million oz. However, they lost the option and now only have a few early stage exploration projects. The stock crashed and investors were left holding the bag. At this time, it doesn't look...  more
10/21/2014
Analysis  
Updated: Silver Bull Resources Inc
Silver Bull Resources is highly undervalued. They have a 164 million oz (70 gpt and 75% recovery rate) silver deposit in Mexico called Sierra Mojada. The property is on 48,000 acres and has exploration possibilities for future growth. This stock looks...  more
10/19/2014
Analysis  
Updated: Tinka Resources Ltd
Tinka Resources is a project generator with a 30 million oz silver project (Colquipucro) in Peru. It is a moderate grade surface mine (90 gpt) that is a low cost heap leach with 90% recovery rates. They are currently doing infill drilling and then they...  more
10/18/2014
Analysis  
Updated: Pan American Silver Corp
Pan American Silver is one of the best silver producers. They plan to increase silver production from 25 million oz to 30 million oz by 2017. As long as silver prices stay high, they are going to be a cash flow machine. Cash costs in 2014 will be around $  more
10/17/2014
Analysis  
Updated: Oceanagold Corp
OceanaGold is solid mid tier producer. The have 12 million oz in resources (1.2 gpt) and will produce 300,000 oz in 2014 with all-in costs around $1000 per oz. They are not cheap, with a FD market cap of $674 million and future reserves valued at $75 per...  more
10/17/2014
Analysis  
Updated: Minco Silver Corp
Minco Silver is highly undervalued. Especially for a company that is very close to building their first mine (construction should begin in 2016). They have a large high grade deposit (150 million oz and growing) that is an anomaly. It is high grade at 6...  more
10/15/2014
Analysis  
Updated: Silvercorp Metals Inc
Silvercorp is a mid-tier producer in China. They have very large high grade resources with 250 million oz at 200 gpt. Their cash costs for the last quarter were about $10 per oz (silver equivalent per oz including gold). All-in costs were around $15 per...  more
10/14/2014
Analysis  
Updated: Endeavour Silver Corp
Endeavour Silver is a star performer in the silver production category. They have everything working. They have 3 high grade silver mines in Mexico producing 6.5 million oz in 2014. They are expanding production and reserves at a fast rate, projecting 10...  more
10/13/2014
Analysis  
Updated: Fortuna Silver Mines Inc
Fortuna Silver is a mid-tier producer in Mexico and Peru. Fortuna is very similar to First Majestic Silver and Endeavour silver. All of them have performed very well over the last 3-5 years. They all have low cash costs, no debt, and substantial cash....  more
10/12/2014
Analysis  
Updated: Jaguar Mining Inc
Jaguar Mining is a mid-tier producer in Brazil with 3 operating mines at 100,000 oz annual production. Recently they went bankrupt from high costs and high debt. They have now restructured the debt and will re-listed their shares. Original shareholders...  more
10/12/2014
Analysis  
Updated: Rio2 Ltd
Atacama Pacific Gold has a large gold project in Chile. It is a 4.5 million oz, low grade (.4 gpt) oxide surface mine. They released a PFS in 2014 to mine a 3.3 million oz oxide open pit at 250,000 oz per year. The cash costs are projected to be $650 per...  more
10/11/2014
Analysis  
Updated: Paramount Gold Nevada Corp
Paramount Gold is a project generator. They have two large projects (San Miguel and Sleeper) that are long life mines with exploration potential. They have already identified 9+ million oz of gold equivalent (including silver), and it is likely that...  more
10/08/2014
Analysis  
Updated: Badlands Resources Inc
Mineral Mountain Resources is a new company with a lot of potential. They have a good management and technical team, led by Nelson Baker, the ex CEO of Rainy River. If you like betting on people and getting in early, this could be your type of stock....  more
10/06/2014
Analysis  
Updated: Precipitate Gold Corp
Precipitate Gold is a new company started in 2012. They have a small market cap of $7 million and some interesting properties in the Dominican Republic, Mexico, and Canada. This is a long-shot high risk speculation stock. However, it was founded by the...  more
10/05/2014
Analysis  
Updated: Lion One Metals Ltd
Lion One Metals is highly undervalued with a FD market cap of only $17 million. They have an advanced high grade project in Fiji called Tuvatu (90,000 acres). It is a 800,000 oz (6 gpt) deposit that is currently being permitted. A PEA and PFS were...  more
10/05/2014
Analysis  
Updated: Liberty Gold
Pilot Gold was formed from Fronteer Gold’s management team. They have an advanced project in Turkey called Halilaga. It is really a copper project operated by Teck (60% ownership and operator), with 2 billion lbs of copper and 3.2 million oz of gold....  more
10/04/2014
Analysis  
Updated: Nulegacy Gold Corp
NuLegacy Gold has an early exploration project in Nevada called Red Hill (15,000 acres). It is nearby Barrick Gold’s 14 million oz Goldrush open pit deposit. It could be another large open pit. The early drill results at their Iceberg deposit are...  more
10/03/2014
Analysis  
Updated: DELETE - Surge Copper Corp
Gold Reach Resources is an exploration company (project generator). Their flagship Ootsa project in British Columbia is really a copper deposit. I am including it in the database because Ootsa has about 2 million oz of gold and silver equivalent (1.3...  more
10/03/2014
Analysis  
Updated: Alien Metals Limited
Arian Silver is a near-term producer in Mexico. San Jose is a 117 million oz (3.5 opt) deposit. Amazingly, with such a nice project, their FD market cap is only $22 million. That results in future reserves being valued at .38 cents per oz (at $100 silver)  more
10/02/2014
Analysis  
Updated: Excellon Resources Inc
Excellon Resources appears to be a slam dunk 3 bagger if they can expand their resources in Mexico (two properties with 100,000 acres). However, I have my doubts. I'm a stickler for management, and I did not like their company presentation, nor their...  more
10/01/2014
Analysis  
Updated: DELETE - Aurcana Silver Corp
Aurcana Corp is an emerging mid-tier producer. They have a FD market cap of only $35 million. However, their market cap was $545 million two years ago. They have two solid properties (La Negra in Mexico and Shafter in Texas). Both are high grade long...  more


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