Mar 10
29
Tracking List
Northern Dynasty Minerals* (NAK-Alnet $9.04) – Remains one of the cheapest metals stocks in the world today given the fact it holds a 50% interest in the world’s largest undeveloped copper/gold deposit. Look for the stock to challenge the $10 area again and if gold can stay above $1,150, this stock should stay above $10 this time around.
I continue to suggest CEF, SLV and GLD for gold and silver bullion exposure.
Taseko Mines* (TGB-Alnet $5.08) – I believe another chapter is close to being written for TGB as the company has disclosed we should anticipate some sort of deal on part of its gold at the Prosperity deposit. That, and news of approval from the Federal review, should clear the way for the stock to move towards double digits in the next 12 months.
Continental Minerals (KMK-TSX.V $2.14) – All I can add to recent comments is the fact that many of KMK’s management and board of directors are in China.
Evolving Gold* (EVG-TSX-V $.83) – As noted in my last two interviews with George on Agoracom, I’ve let management know that there’s a serious negative perception in the investment community not regarding their projects but their abilities to maximize shareholder value. They clearly understood and said they are working on several fronts to address this issue. I believe them. Meanwhile, we mustn’t lose sight of the two terrific projects they possess and the fact that the gold in the ground doesn’t know anything about these perceptions. Remember, the very management team some like to blame are the ones who found these two potential world-class projects in the first place.
* Was first recommended for model portfolio but subsequently became a client of ours.
Grandich Clients
Anooraq Resources – Will host a teleconference this Wednesday.
Crocodile Gold – An emerging producer with tons of exploration potential.
Crosshair Exploration - A good analogy of the company
Donner Metals – Just continues to find more and more ore. Hard to imagine its partner going forward with development and not wanting to own this outright. Stay tuned.
Farallon Mining – Stock has recently built a nice base and appears ready to challenge new 52-week highs.
Formation Metals – Please read
Garibaldi Resources – Please read
Heatherdale Resources – While some seem to think the last batch of drill results were somehow disappointing, the bottomline is they continue to strongly suggest a very significant deposit. We’re not even in the second inning of a nine inning game.
Rodina Minerals – Despite some terrific corporate news, the stock has been sluggish. There’s no doubt that much of the sizzle from the rare earth play has gone and now companies like Rodinia have to act like they’re from Missouri (the “Show Me” state).
Silver Quest Resources - Love it!
Spanish Mountain Gold – Awaiting some data from company before issuing report.
Strathmore Resources – I’ve high hopes it will be more than just a survivor of this uranium shares washout. Such a washout actually bodes well for its future as the field of choices should be greatly shrunk and corporate developments underway at the company can make it a true standout in the not-too-distant future.
Sunridge Gold – Great drill results continue while we wait on news from the U.N. regarding Eritrea.
Timmins Gold – Simply put, cheaper now relative to its fundamentals than any other time since my involvement.
