Eric O's Favorite Gold Miners

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January 21, 2012 - 9:29am

#1362

Eric Original

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Temex and Moneta Porcupine

Screaming buys, IMHO.

Very nice open pit deposits, plenty of room to get bigger, favorable jurisdiction, ready infrastructure, and being given away for a song.

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January 21, 2012 - 10:02am

#1363

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Production, Baby!!

Most of my money goes into producers. Nothing wrong with just sitting back and waiting for the shorts to be absolutely buried in an avalanche of cash flow. Say what you want about manipulation, etc. The Truth Will Prevail.

Here's a few that I'm feeling warm and fuzzy about on this particular Saturday Morning. Not too big, not too small. U.S. listings. Easy Peasy, Lemon Squeezy.

If you want to just "Don't Worry, Be Happy", then just buy a little basket of these and sit back and relax.

AuRico, Primero, First Majestic, Endeavour, Claude, Richmont, Aurizon, Minefinders.

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January 21, 2012 - 10:36am

#1364

Eric Original

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News Watch

Just flipping through the card file and looking for notes on any news that I hope to see some time this quarter:

Allied Nevada: PEA on the Hasbrouck Project

Almaden: Resource number on the Ixtaca Zone.

Armistice Resources: Startup of production from McGarry.

AuRico: Startup of production from Young-Davidson. Resource updates from YD-West. PEA from Guadalupe. Continued ramp up at El Cubo. Return to normalcy at Ocampo.

Avino: Quit screwing around and get mining already!

Claude: Bumped up resource calculations from the successful drilling at L62 and Santoy Gap.

Excellon: Looking for rising production.

First Majestic: Updates from Del Toro startup.

Golden Band: More production, better financial position.

Goldgroup: Resources and PEA on Caballo Blanco.

Gowest Gold: Next steps on the Frankfield Project.

Gryphon Gold: Full startup of production.

Impact Silver: Startup at Capire.

Newstrike Capital: Resource calculation at Ana Paula.

Premier Gold Mines: Updated resources.

Queenston: PEA on Upper Beaver.

Richmont: PEA on Wasamac. Full production at Francoeur.

Silvermex: Full startup at La Guitarra.

Torex Gold: Updated resources at Morelos.

Victoria Gold: Updated resources and PEA at Dublin Gulch.

Wesdome: Startup at Mishi.

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January 21, 2012 - 10:50am Response to: zman wrote: Diamond, all I

#1365

jmsvett

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Andy

There are 3 main advantages of pm stocks vs the metal. Income, growth and takeover potential. People will also not feel comfortable with 100% metal in the future.

The major reason IMO why gold and silver stocks are trading at a discount - please take a look at any analyst report. Read this report about GORO - right off the Internet. Target price $45.

http://www.goldresourcecorp.com/content/GORO-1Q11%20Company%20Note.pdf

"We have updated our model for our new average silver

price of $38/ounce for 2011, $40/oz for 2012 and $25/oz for long-term."

IMO - Silver is going to $60 this year. $90 next year. And the sky is the limit to this money printing.

People - do not panic. Somebody else is going to take these cheap stocks off your hands.

Also - one of these days - interest rates are going up - stocks will simultaneously go much lower. And a billion Chinese will diversify into gold stocks. Well, I will take 1% of a billion. It makes a huge difference.

January 21, 2012 - 11:15am

#1366

jmsvett

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currency debasement

If you truly believe in currency debasement in the future. There are only 2 investments. Metal and the stocks underlying the metal. There is no other investment.

If the US does ever default on the $100 Trillion in total liabilities. SLV and GLD will not be backstopped.

January 21, 2012 - 11:22am

#1367

jmsvett

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Eric

Thanks for everything you do on this website!

January 21, 2012 - 11:27am Response to: News Watch

#1368

jmsvett

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New Gold

Eric -

Maybe I did not see it on your list but its there. Doesn't New Gold have an exciting project starting cash flow in June? Should double cash flow in 2012.

January 21, 2012 - 11:31am Response to: currency debasement

#1369

Eric Original

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Thank YOU, jmsvett!

jmsvett wrote:

If you truly believe in currency debasement in the future. There are only 2 investments. Metal and the stocks underlying the metal. There is no other investment.

You nailed it there, buddy. Though I might expand it to include a lot of commodities. Copper and copper miners. Energy and energy producers. Food and food producers.

Folks need food, energy, and basic materials no matter what happens to "currency". What an abstract concept: "Currency". Ha, just makes me laugh. Make gold and silver your currency if you want to survive.

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January 21, 2012 - 11:35am Response to: New Gold

#1370

Eric Original

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jmsvett wrote: Eric - Maybe

jmsvett wrote:

Eric -

Maybe I did not see it on your list but its there. Doesn't New Gold have an exciting project starting cash flow in June? Should double cash flow in 2012.

Yup. I should have put New Gold on my Easy Peasy list up above. And I don't hate Agnico-Eagle nearly as much as everybody else does these days either.

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January 21, 2012 - 11:42am Response to: jmsvett wrote: Eric - Maybe

#1371

jmsvett

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AEM - Sean Boyd

Don't get mad at me if I am wrong - have little time - but I think the CEO of AEM, Sean Boyd just bought a lot of stock in his company. He may feel the same way as you, Eric!

e: insider buying: CEO, 24000 shares

in Toronto, insiders have also been busy buying common stock. I see a huge short covering rally coming for the entire sector, and AEM might lead the pack. Kinross just delayed the rally: http://canadianinsider.com/node/7?menu_tickersearch=aem

I found this on the Internet. Insiders, at least are buying the stock.

January 21, 2012 - 12:54pm

#1372

HCA

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Producers & Explorers

Eric, do appreciate your posting on this and other threads on the forum.

I did buy a chunk of AUQ last week, hopefully on it's low. Unfortunately both CGR & AZK are a loss.

It was frustrating to see AZK fall more than 3% Friday night with gold spot closing .62% up.

I do agree on KAM, which I planned to add last week, though it kept falling.

Another interesting Yukon player is GPD, which I believe is already yours.

I also keep an eye on NOX & TYP, both being a buyout target for AZK, depending on drilling results.

Came across Probe Mines(PRB) recently, looks interesting, promising resources, good infrastructure, royalty income and 35mio. in the bank.

AIA, should go in production end of this year.

TEN, royalty income and promising resources.

Godspeed to everyone!

January 21, 2012 - 2:14pm

#1373

Eric Original

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My message to you all....

When gold takes off, and the miners take off, this is what's going to happen. Naysayers be damned....

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January 21, 2012 - 2:45pm

#1374

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Lol!

LMAO!

You are correct sir.

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January 21, 2012 - 4:33pm Response to: My message to you all....

#1375

zman

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The majority of investors

The majority of investors hate the shares when they trade -50 to -80% lower, instead of buying, they curse the very idea of owning them, giving no consideration to the underlying value.

They will like them more as the penny names go to dollars, and the single digit names go to double digits. They will have reasons to become bullish as the prices go higher.

I think the shares bottomed a few weeks ago, investors will get more comfortable buying after some solid gains have been made, it always the case.

January 22, 2012 - 9:24am

#1376

Eric Original

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Romarco

Anybody got an opinion on Romarco?

Any time someone drills 43.1 grams over 21.3 meters, it gets my attention.

http://finance.yahoo.com/news/Romarco-drills-21-3-meters-43-cnw-36409095...

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January 22, 2012 - 1:36pm Response to: Romarco

#1377

kjm

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Need a lot of gold to keep

Need a lot of gold to keep 601 mil shares happy.

January 23, 2012 - 8:55am

#1378

Eric Original

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Excellon Resources

Stellar 4th quarter production, clipping along at an annualized rate of 1.9M oz Ag. Though they are leaving 2012 guidance at only 1.4M oz, about the same as 2011 actual.

Cash balances rose to $22M, from $15M the prior quarter.

http://finance.yahoo.com/news/Excellon-provides-fourth-cnw-3899284756.ht...

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January 23, 2012 - 9:14am Response to: Production, Baby!!

#1379

jmsvett

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Minefinders

I think it is more than a warm and fuzzy feeling. You picked it, Minefinders.

Ding Ding Ding.

Sorry - after a tough year, one of my major holdings got bought out.

January 23, 2012 - 9:30am Response to: Minefinders

#1380

Eric Original

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Ding Ding Ding on the Minefinders!!

jmsvett wrote:

I think it is more than a warm and fuzzy feeling. You picked it, Minefinders.

Ding Ding Ding.

Sorry - after a tough year, one of my major holdings got bought out.

Ding Ding Ding Indeed! MFN taken out at a 36% premium by Pan American Silver.

http://finance.yahoo.com/news/Pan-American-Acquire-iw-2626144036.html?x=0

This has become my traditional buyout song. Played it for Northgate and Grayd as well. Hooooo Haaaaaa!

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January 23, 2012 - 9:36am Response to: Romarco

#1381

jmsvett

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Romarco

Romarco is a major holding of mine - only mention it because of Minefinder previously - maybe I can go on a little streak ;). Its a little under the radar of most gold bugs. Tocqueville Gold (TGLDX) is a major holder as well.