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News from December 2014
Interview on WallStForMainSt.com
The Precious Metals Market Is Set To Rebound In 2015
Interview of Don Durrett 12/22/2014. more
Updated: Gowest Gold Ltd
Gowest Gold is undervalued, with a FD market cap of $15 million. They only have one property (North Timmins), but it is large (25,000 acres) and has 17 targets. Plus, the Bradshaw deposit is a 1.5 million oz (4 gpt) resource that looks like a sure thing.... more
Updated: Terraco Gold Corp
Terraco Gold is a speculation stock, but it has some upside potential. If they can find more gold at depth at their 1 million oz (.5 gpt) NutMeg Mountain project in Idaho, the stock will go much higher. It will take 5-7 years to bring Nutmeg into... more
Updated: Lydian Intl. Ltd.
Lydian International has a solid property called Amulsar in Armenia. It is a 5 million oz resource (3 million M&I at .7 gpt). And it is all near surface oxides, which are low cost to mine. Production is forecasted for 2016, with a goal of 200,000 to 250,0 more
Updated: West Red Lake Gold Mines Inc
West Red Lake Gold mines has three properties (7,500 acres) in a good location: the Red Lake district in Ontario, Canada. It is next door to Rubicon Minerals. They are drilling 3 projects on their Red Lake property: Mount Jamie, Rowan Lake, and Red... more
Updated: Riverside Resources Inc.
Riverside Resources has a low market cap ($10 million fully diluted) and seems to be progressing as a company. They have a focused approach using their project generator model. They currently have 5 JVs (with large companies), which is a good sign that... more
Updated: Silver Dragon Resources Inc
Silver Dragon has a FD market cap of $12 million. It has 6 joint venture projects in China. Their joint venture partner is Sino-Top, a Chinese company, who is the developer/operator (although Silver Dragon appears to be highly involved). Silver Dragon... more
Updated: DELETED - Minco Capital
Minco Gold is a small Canadian exploration and development miner focused on China. The best thing they have going for them is 18% ownership of Minco silver. The other thing they have is the Changkeng property with 1 million oz (51% ownership) at 4 gpt.... more
Updated: Outcrop Gold Corp.
Miranda Gold is a relatively new project generator. They have 3 JVs and 10 properties (5 in Nevada, 1 in Alaska, and 4 in Colombia), but none of their projects is in late stage development or a significant discovery. Thus, I consider this a highly... more
Updated: Canasil Resources Inc.
Canasil Resources is highly undervalued, with a $3 million FD market cap. This is a very low valuation for the quality of their properties, although they only have one advanced project, a 30% JV with Mag Silver. They have a lot of properties to explore (1 more
Updated: Newrange Gold Corp
Colombian Mines is a project generator with a lot of potential. They have 7 project areas covering approximately 225,000 acres, 3 of which look very promising. The Yarumalito project (30% JV) is still early exploration (16,000 meters drilling to date),... more
Updated: Great Panther Mining
Great Panther Silver is an emerging mid tier producer. It is a likely 3 bagger in the next few years. However, their upside is constrained by their resources (currently only 20 million oz). They are producing about 2 million oz and could add another... more
Updated: Rizal Resources Corp
Cadan Resources is a near-term small producer in the Philippines. Their T-Boli project was in early production in 2014, but is currently on care and maintenance. They are hoping to resume production in 2015. The T Boli project is a 1 million oz deposit (8 more
Updated: Everton Resources Inc
Everton Resources is a very low valued project generator with several properties with potential (12 projects in the Dominican Republic). They have a FD market cap of only $1.5 million. They have a JV with Hecla Mining that looks promising. Their APV... more
Updated: Granada Gold
Gold Bullion Development is highly undervalued with a FD market cap of only $13 million. The Granada property in Quebec, Canada is on 17,000 acres. It is a shallow surface mine (and a potential underground mine) with an estimated 3.5+ million oz resource. more
Updated: Black Dragon Gold Corp
Astur Resources is a case study on the high risk of gold mining stocks. They had an economic project (Salave in Spain) and then their environmental mining permit was denied. The stock has crashed from 47 cents to 2 cents in the past year. I bought it at... more
Updated: Triumph Gold Corp
Northern Freegold is project generator in the Yukon. They have drilled about 3% of their flagship Freegold Mountain project (Yukon, Canada) and already have a 3 million oz resource (75% recovery) at .5 gpt (along with 10 million oz of silver and 250... more
Updated: Seabridge Gold Inc.
Seabridge Gold is the largest Project Generator by Market Cap. They have four projects that are ready to begin mine development, but they can’t find any partners to build the mines. The stock reached $38 per share because they have 85 million ounces of... more
Updated: African Gold Group Inc.
African Gold Group is a high risk / high return stock, with a late stage project in southern Mali. Koboda already is a 2 million resource at 1 gpt, and could get much bigger. Future reserves are selling at $6 per oz, and they could find more gold. This... more
Updated: Triumph Gold Corp
Northern Freegold is highly undervalued and has the potential to be a 100 bagger. They have drilled about 3% of their flagship Freegold Mountain project (Yukon, Canada) and already have a 3 million oz resource (75% recovery) at .5 gpt (along with 10... more
Updated: Timberline Resources Corp
Timberline Resources is highly undervalued and a potential 50 bagger long term at its current value ($6 million FD market cap). They should have cash flow starting in 2015 or 2016 from their 50/50 Butte Highlands JV project. Annual production will be... more
Updated: DELETE - Sage Gold Inc
Sage Gold is a project generator with a small gold project in Canada. They own 40% of the Clavos project in Ontario. It is a 320,000 oz deposit (4.7 gpt) and has exploration potential to extend the life of the mine. The capex will be very low and could... more
Updated: Alacer Gold Corp
Alacer Gold was created in early 2011 from a merger of Avoca Resources (Australia) and Anatolia Minerals (Turkey). In 2013 Alacer sold their Australian properties. Now it is Turkey focused. Their flagship Copler project is a 12 million oz deposit (their... more
Updated: Amarc Resources Ltd.
Amarc Resources appears to be a project generator (but they claim to be an exploration and development company). They have six properties in British Columbia that look promising. However, none of them are advanced and I would not expect any cash flow for... more
Updated: Agnico Eagle Mines Ltd
Agnico-Eagle Mines is a solid company with 17 million oz (2.5 gpt) of P&P gold reserves and 95 million oz (40 gpt) of P&P silver reserves. Growth will be steady, but nothing to get excited about. They will likely underperform in the major category,... more
Updated: Defiance Silver Corp
Defiance Silver is a high risk / high return stock. It is a new company with an $5.5 million option to purchase the historic San Acacio mine in the Zacatecas Silver district in Mexico. However, they need to raise at least $10 million to drill and... more
Updated: Desert Mountain Energy Corp
African Queen Mines is a project generator with several early exploration projects in Africa. They have five projects, but all are early exploration. They have very large land holdings in Kenya and Mozambique totaling 200,000+ acres. Their Kenya... more
Updated: Amarillo Gold Corp
Amarillo Gold has two excellent projects in Brazil. The Mara Rosa project (1.3 million oz at 1.6 gpt) is economic (30% after-tax IRR at $1300 gold) with cash costs of only $550 per oz. They are working on the feasibility study and permitting, but are low... more
Updated: Canamex Gold
Canamex Resources is a project generator with two early exploration projects. Bruner in Nevada is located near several large mines and has had excellent early drill results (110 meters at 4 gpt and 90 meters at 3 gpt). It looks like a large open pit mine... more
Updated: Abcourt Mines Inc.
Abcourt Mines is a bit of an anomaly. I analyze a lot of stocks, and for some reason this company does spend much on their website or marketing their company to investors. They have not released a company presentation in the past 4 years. If it wasn’t... more
Updated: Almaden Minerals Ltd.
Almaden Minerals has decided to build their flagship project in Mexico (Ixtaca). They are going to spin out their 40 exploration properties (Mexico, Canada, and Nevada), JVs and NSRs to their stockholders for free (60% of current shares). Ixtaca will... more
Updated: Dolly Varden Silver Corp
Dolly Varden Silver is a new company. They started trading and drilling in 2012. Their 22,000 acre Dolly Varden property in northern British Columbia has 4 past producing mines. These mines produced 20 million oz at 10 to 30 opt in the 1920s and 1950s.... more
Added: Citigold Corp. Ltd.
Citigold has 100 bagger potential at higher gold prices. They have 12 million oz of gold at 14 gpt (11 million inferred). Plus, they think they could find 50 million oz on their flagship Tower Charter mine in Australia. This mine has already produced 6... more
Updated: Argonaut Gold Inc
Argonaut Gold is a solid mid-tier producer. There is a lot to like about this company. Their production is forecasted to grow from 120,000 oz in 2014 to 400,000 in 2018. They have two producing mines in Mexico with all-in costs around $1200. They have... more