Miners to Hold for the whole of the Bull Market

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#1 Tue, Nov 29, 2011 - 1:33am
ID
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Miners to Hold for the whole of the Bull Market

I'd like to start a list of miners to hold for the entire bull market. Large cap or small. Please add any that you would hold, without frantically buying/selling. I like producers, but I also really like what Eric_O calls "emergers" - companies on the edge of cash flowing or who have JUST started cash flowing.

I follow Mike Maloney's concept of long term trends and his method of excluding short term noise is appealing. I want miners I can buy and put away for the remainder of the bull market.. just like we all stack the phys.

Here are my top 3 miners (no particular order).

First Majestic (AG).

  • HIGHEST correlated silver miner (93-97% of revenue comes from silver)
  • Possible dividend coming in early 2012
  • Production profile expected to double to ~16M oz in the next 3 years

Golden Band (GBRIF).

  • Turned cash flow positive as of Nov 28th 2011 - first net income of 2.3M in Q3 2011.
  • Company guided by Ron Netolitzky - a legend and a proven success.
  • 12 deposits, 4 former producing mines in Canada. A primary gold miner.
  • Eventual production target of 75k ounces of Gold annually.

US Silver Corp (USSIF).

  • has been cash flow positive the whole year, net income of ~21M expected for 2011.
  • 85% of profit is from silver
  • no hedging in 2012
  • Current P/E ~ 7 !
  • Mine location in Wallace, Idaho.

In short I'm looking for miners (gold or silver) to put away and forget because you can trust the company and the management. What companies would you recommend and why ?

Edited by: ID on Nov 8, 2014 - 5:08am
Tue, Nov 29, 2011 - 6:13am
Eric Original
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Nice idea for a thread.  I'll

Nice idea for a thread. I'll be checking in.

Those first two are among my largest holdings. yes

This isn't a metals blog anymore. It's a right wing circle jerk, masquerading as a metals blog.
Tue, Nov 29, 2011 - 4:07pm
T
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good thread

In fact just by seeing your post here about Golden Band....I went and bought some. 28 cents seems an ok price to start with.

Buy and hold favorites for the bull run.

SVM Silvercorp

GG Goldcorp

EGO Eldorado Gold

AG First Majestic

SLW Silver Wheaton

FSM Fortuna Silver

PSLV and PHYS

KGC Kinross

I'm gonna end up listing all my miners...so I'll just add a few juniors I hope can make it

The Yukon juniors (Atac,Kaminak,give the dog a bone)

African juniors (Avion,Guyana goldfields,Sand spring,Xtra gold)

mexican silver miners (Scorpio mining, Cream ??)

long shot china silver mine Minco silver (only because I own way too much )

Tue, Nov 29, 2011 - 4:12pm
Strawboss
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I would suggest Pinetree

I would suggest Pinetree Capital to get wide exposure to the developers/micro producers. Pinetree owns over 300 investments, most of them in the PM space as well as some uranium stocks and a smattering of others. It is currently trading at approx. 50%ish of its book value.

It trades on the pinksheets here in the US - PNPFF. Their website is www.pinetreecapital.com

Instead of trying to individually pick the "lottery tickets" let Pinetree do it for you.

Jesus Christ is the only true hope that any of us really has. Aaaargh .. the monkeys!!! Trading metals is like playing frogger...there's always a big truck coming.
Tue, Nov 29, 2011 - 5:04pm
madcow
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good idea on a thread! I have

good idea on a thread! I have been slowly drifting towards this on my one account anyways, it holds SLW, SVM, and GPL.

I keep MEANING to trade them but, i also feel just holding is better. Tho maybe not for GPL.... bastards are sinking :(

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