Bag Of Gold's Penny Stock Arcade & Emporium...

News - Bolivia - I would reduce exposure to this country through any miners I had, I know we recently picked one up, Colombia Crest Gold, but they also have a strong focus in Colombia - which has had a huge turnaround in ten years and probably is one of the best countries in the world right now for explorers, as opposed to Bolivia, where things politically have the potential to go from bad to worse.

https://research.tdwaterhouse.ca/research/public/Markets/NewsArticle/1314-N1E7800VX-1

I would also reco the ones on your list first. Xtierra, Oremex, Cream etc. Just thought you might want another little silver. I think they didn't look to expand at the time because market conditons changed so fast in the downturn. I think they are focused on that now. I am definitely not in it for tungsten. Silver please. Either they hit or they don't.

Gonna throw this out just in case. The only little silver I would reco ahead of the ones on your list is CMC metals(close call with Xtierra though). Thats just my opinion of course. CMC is more of a moving to production play, though the silver heart property in the Yukon has much potential. That didn't seem to be what you wanted?? Trying to respect the purpose of the thread??  I prefer cash flow after 2008 myself. Tumi is a speculation on hitting more ounces.  CMC has it just needs to execute. Here is a blurb just in case. It is a few weeks old. Someone started a thread on it in the silver miner section. Their yearly profits are actually greater than the market cap if they execute. I think he is being conservative. I think this is a 2 dollar stock........

If I get any reports from anyone on your picks I will try to throw them up for you. The Coffin Bro. comments etc. Mr.G or BoG, don't feel the need to respond to CMC. If you want it use it ,if not I understand. I am in this one for sure myself. Just thought I would throw it out there just in case you/others wanted it. Best, and thanks again for the list and work.

Shares: 53.0 / 61.4 M

Stock Price: $0.25

Market Cap: $13.2 Million

Cash: $1.4 Million (est-June)

Though CMC’s share price has struggled in recent

months, it hasn’t broken down. For being an illiquid

junior shares have actually held up very well. The

company will have some positive fundamental

developments in the coming months and coupled with

high metals prices, that means it will be time for the

stock to move.

The company’s goal at its rich Silver Hart project in

the Yukon is to extract a 2500 ton bulk sample at a

grade of 100 oz/ton. Last year the company extracted

and sold a 131 ton bulk sample that graded 133 oz/ton.

Last week CMC reported that it had already excavated

589 tons at an estimated grade of 107 oz/ton. Needless

to say, 2500 tons at a 100 oz/ton grade and nearly $40

Silver would generate substantial cash for the company.

CMC’s other endeavour is to begin production at

its 50% owned Radcliff mine in California, right on the

border with Nevada. The mine was in production from

1898-1993 and previously owned by Echo Bay Mines

who provided a historical resource estimate of 285K oz

of Gold.

There is a high grade zone of 100K oz of Gold

grading 1 oz/ton. This resource will be mined over the

first three years at near 100 tpd, which is the capacity

of CMC’s Bishop Mill. Production of 100 tpd at a 0.75

oz/ton grade with a Gold price of $1500 would

generate $18 Million in revenue for CMC (over the first

three years).

Pruett Ballarat (PBI) the company’s partner at the

Radcliff Mine, has already stockpiled ore (minimum

grade of 0.5 oz/ton) for production later this year.

Payment for the bulk sample will provide the company

with ample cash which will mitigate any unforeseen

issues or delays with the mill startup. CMC hopes to

begin production in October.

At a Silver price of $35, the company would

generate nearly $9 M from the bulk sample (most

would be profit) and at a Gold price of $1500, the

company would generate $18 M from production at

Radcliff. Look at the current market cap and you’ll

understand why there is multi-bagger potential.

After August, there are 2.8 M warrants which will

be exercised from September to November. The good

news is that some of these have already been exercised

and CMC never did any brokered private placements.

Those that own the warrants, if not insiders are well

connected with the company.

The company has $1.4 Million in cash and will have

a bit more when the remaining warrants are exercised.

CFO Michael Sholz started the company and doesn’t

want to do any more financing. If CMC needs money,

Sholz, said he’d provide it.

Sholz has kept things under the radar as he prefers

to tell the story after they earn from the bulk sample

and production begins at Radcliff. If the company can

deliver on both fronts and the precious metals market

remains as is then a 100-200% rise in the stock is not

out of the question.

I'm with ya on cash flow - post it on the junior emerging producers. 

I am not able to invest in the venture exchange (where the volume is at), and am wondering if you think that some of the pinkies will gain some volume when these little pennies grow up?  I know you don't know anything for sure, and that there are all kinds of circumstances, but do you think it is worth tackling some of these companies even though they are relatively illiquid on the exchange I can participate in?

This is my main drawback from investing in some of these great pennies!

ScottJ, I have to use the pinks as well but I have found that as long as you are not expecting to buy and sell real frequently, it works just fine.  I don't always get quite the great buys as BOG and others do on the venture, but it's close enough and I have been able to sell when I get a double, per BOG's suggestions.  Maybe one day when I "grow up" I can play with the big boys, but for now I am just learning what I'm doing and growing my account, a "penny" at a time! :D

I also do as BOG suggests and watch the price action on the TSX/TSX Ventures.  I use Scottrade for my junior miners.

Not a bad day overall for "the list" but volume is still thin so there is still scope for accumulation. Hopefully things will become rerated when the big boys return from vacation next week.

I've tried to pick up a few recs over the past few weeks after seeing this thread and doing a little DD. Stroud, Xterria, and Malbex were on my radar. I threw some bids out there and nothing hit. I'm a smaller time player so its not like I'm asking for multi-thousand share orders. You mentioned volume might pick up, this is what I need to execute orders, but are there any tips you guys can offer in the meantime? I appreciate what you guys have been doing.

Oh one more thing. This isn't a big deal but I was confused a little on the rating system:

All of my (BOG's) stock picks...have 1 star (*) in front...mrgneiss's stock picks...have 2 stars (**) in front...& both of us...are wanting 1000%+ profits from these!...

The wording makes it sound like two stars are "both" of your recommendations. I had to re-read it a few times to make sense :)

Thanks again guys!

Please take a second to look at the last news release, they are tapping gold and more results are coming soon.  Thank You and best. .

I agree BoG.  They have had some okay drill results, but some of Alto's, by way of comparison, older drill results are a better, and Alto has 1/3 the market cap.  If Grand Portage was $5 million market cap I might nibble, but at a market cap in the low twenties it appears to have much downside and some upside given it's drill results - and that's not we're looking for.