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Acero-Martin Exploration Inc.
Company Contact Info: http://www.goldmau.com/asd.php
Thermometer: WARM, decent range trade candidate to 44 cents, move to HOT on 44 cent breakout.
Since our first GoldMau write up of ASD in July (available here), the company has produced more decent drill results and likely to have increased tonnage from the 43-101 compliant 40 million tones containing 660,000 oz of Gold and 350 million pounds of Copper. Mr. Don Currie has transitioned to be the CEO and there seems to be new blood coming into the company. There are several virgin zones which ASD is exploring, results from such exploration could finally get the stock out of downtrend. Technically, the stock is basing off the 50 DMA of 34 cents and with 44 cent the 200 DMA resistance. Once we overcome 44 cents, the next target is 60 cents.
Apogee Minerals Ltd.
Company Contact Info: http://www.goldmau.com/ape.php
Thermometer: WARM, accumulate for range trade to 48cents, move to HOT on 40 cent breakout.
We had a good write up of Apogee at GoldMau in July (available here).
The stock had a false breakout in late July, since then it has sagged lower. I am in constant contact with CEO Mr. Gower. La Solucion is about break even and Mr. Gower plans to triple production to take advantage of current high metal prices. At Pulacayo, the goal is to drill upper zone of Pulacayo zone to duplicate the tonnage at Paca, where 100 million oz Silver equivalent has been defined.
Apogee has the goods, and Bolivia noise has quieted down. With 3 rigs turning, we are told the first batch of results are due within weeks. Fundamentally, the stock is the cheapest silver play that I know of. Technically, the stock first must hurdle through 40 cents then the 50 DMA of 48 cents. After that the action could get explosive.
Coastport Capital Inc.
Company Contact Info: http://www.goldmau.com/cpp.php
Thermometer: WARM, Accumulate for Range Trade to 36 cents. Move to HOT on 36 cent breakout.
We have a great write up of CPP in November available here.
Yes, CPP is in Ecuador; however with a market cap of $10 million, and its Shyri project next door to IAMGOLD’s 3million Au oz+ Quimsacocha high grade deposit, fundamentally CPP is the ultimate bottom fishing candidate. Technically, the stock is back to squared zero. First level of test is the 50 DMA of 32 cents then the upper channel of 36 cents, and lastly the 200 DMA of 48 cents, all of which we consider to be light resistance.
Donner Metals Ltd.
Company Contact Info: http://www.donner-minerals.com/
Thermometer: HOT, accumulate 45-50 cent with first target of 65 cents.
Donner is exploring Zinc in a joint venture with Xstrata at Matagami camp in Quebec. The company has been getting no respect as it keeps hitting one high grade zinc intercepts after another including the most recent 32 meters of 9.6% Zinc (see here).
Every time I talk about Donner to Mr. Patterson, his eyes lit up and he can talk for hours about the company, which he did in our most recent visit in September and we attentively listened.
Donner is fundamentally and technically sound with 45 cents 200 DMA support as ultimate entry point. 50 DMA offers support at 50 cents, with resistance at 65 cents.
Explorator Resources Inc.
Company Contact Info: http://goldmau.com/exo.php
Thermometer: WARM, move to HOT on $1.2 breakout.
We wrote up EXO in September (see it here).
Explorator is headed by John Carlesso. John has a loyal following and is one of the hardest working CEOs I know (if not the hardest working). EXO is well on its path to deliver a 43-101 resource at El Espino in Q1 2008. The stock is not the cheapest of the bunch; however John and geo David O’Conner have vouched for the property and bought into the recent 75cent placement. Fundamentally, if resource proves above 200 MT, the stock could depart from the speculative junior league to a stable play on path to becoming a producer. Technically, the stock sits steadily at the 200 DMA of 94 cents.
Gateway Gold Corp.
Company Contact Info: http://www.goldmau.com/gtq.php
Thermometer: HOT, accumulate at 65 cents, move to EXTREME on 74 cent breakout.
We have a good write up of GTQ in October available here.
GTQ did not disappoint me with their first batch results from Mac Ridge, and lots more drill results from Mac Ridge are on the way in the weeks to come. The stock frustrates technical traders as it had staged false break outs of the 200 DMA a few times. Fundamentally, the stock is highly undervalued with its 1.2 million Au oz at Nevada Big Springs deposit and a new discovery at Mac Ridge. Technically, the stock has a strong 50 DMA support of 66 cents; the next level is the 200 DMA of 74cents, which then leads to a 90cent target.
Independent Nickel Corp.
Company Contact Info: http://www.goldmau.com/ini.php
Thermometer: EXTREME, accumulate below 50cents, target of 70cents.
Our write up in October tells the INI tale well (available here).
INI at November 13 announced great preliminary studies at Lynn Lake, with 10.7 million tonnes of ore being classified as a probable reserve at a diluted grade of 0.65% nickel and 0.36% copper (see more here).
With its market cap, the market has not even begun to value for its 3% royalty at Minago Nickel deposit, which hosts close to 100 million tones of Nickel at 0.5%. Currently Nickel is at $15 and I don’t believe it’s going back below $10. With that in mind and $9 million cash, INI presents extreme value on the fundamental side. Technically, the stock is pushing past 50cents to challenge the 200 DMA of 70 cents.
On November 23, Fundamental Research Corporation published their Initiating Coverage report (available here).
International Enexco Ltd.
Company Contact Info: http://goldmau.com/iec.php
Thermometer: WARM, accumulate below $3, wait for Mann Lake drill results.
We have a good summary write up of IEC available here.
Mr. Casey has put out a couple of buy recommendations. Fundamentally, the stock is rock solid with the backing of Contact Copper deposit and $17million of cash. The stock has been in a long trading range as investors wait to hear from additional Uranium results from Mann lake. Technically, the bottom is at $2.5 while resistance is at $3.2, a breakout of $3.2 can lead to $4.5 and beyond.
Ivory Energy Inc.
Company Contact Info: http://www.goldmau.com/ivory_energy.php
Thermometer: OT on 74 cent breakout.
We have featured IV several times since July, including this write up from August 16.
Las week, the company announced that it is on track to deliver 2500 BOE/D in 2008. With oil at $90+, Ivory is poised to generate $millions of positive cash flow monthly from its share of the stable Silverdale pool heavy oil production in Saskatchewan. In the past 9 month, Canadian oil juniors and producers have experienced the perfect storm with income trust disband, Alberta royalty hike, and rising loonie and costs. Fundamentally, the company is in better shape than ever. Technically, the stock sits on the bottom of a strong support line of 70 cents, which is a great entry point. After taking out the 200 DMA of 74 cents, it could reach 90 cents quickly.
Knight Resources Ltd.
Company Contact Info: http://www.goldmau.com/knp.php
Thermometer: WARM, move to HOT on 40cent breakout.
KNP is our most widely followed stock, and we have written up Knight extensive since it was 32 cents in July (see KNP’s stock chart of the week and stock updates).
Knight has a huge land package in the sought after Raglan Nickel Belt in Canada. The stock has been a rollercoaster ride, and when your land package is over 700 sq kilometers, you will have some hits and misses. Fundamentally, the company is good value but requires additional financing to get to a resource number. Technically, the stock sits on the strong 200 DMA support of 32 cents. The chart says once 40 cents is taken, the next target could be 90cents.
Maxy Gold Corp.
Company Contact Info: http://www.goldmau.com/mxd.php
Thermometer: WARM, move to HOT on the 50cent breakout.
MXD is a stock I have been following for a long time. Technically, the stock broke down from its support in June and is forming a bottom at 40 cents. The chart says action could get explosive quickly to the 200 DMA of 78 cents once the 50cents line is overcome. Fundamentally in good shape with $5 million in cash. We will stay WARM here until we hear more news from its Midu project in China.
Northern Lion Gold Corp.
Company Contact Info: http://www.goldmau.com/nl.php
Thermometer: HOT at 50cents.
Our write up of NL was well received in October (see it here).
Drills are now turning at Moura. Fundamentally, Northern Lion is strong with around $10 million in cash and a very low market cap. Technically, the stock has a firm support of 200 DMA at 40cents, 50 DMA at 45 cents, and decent flat support line at 50cents. A successful test of support at 50 cents would see the stock breakout of 65 cents to test 80+ cents.
New World Corp.
Company Contact Info: http://www.goldmau.com/nw.php
Thermometer: WARM, move to HOT after the 60cent breakout.
New world is the sister company of Northern Lion, managed by the same corporate office in Vancouver.
NW is trying to secure more surrounding land position to extend the drilling at its Lipena copper project. It also acquired an interesting zinc project in Chile with very promising surface sampling. Fundamentally, the company represents tremendous value at 50cents. Technically ,the stock needs to break out of the 200 DMA of 58 cents on strong volume. The next target would then be $1 without much resistance. Completion of its recent $1 million private placement at 50cents could very well be the trigger.
Pan African Mining Corp.
Company Contact Info: http://www.goldmau.com/paf.php
Thermometer: WARM move to HOT after $2.4 breakout.
PAF is the sister company of Sacre-Coeur Minerals, and is also managed by the same corproate office in Vancouver. PAF is a very interseting and unique play. It essentially locked in all the valuable assets at Madagascar, an African nation and the forth largest island in the world. Typically, I tend to avoid project generators but after carefully reviewing PAF’s gold, uranium, nickel, and coal projects, I called my broker and started to buy in the low $2s. You can find out more at the company website here.
Fundamentally, the stock may seem expensive without a 43-101 resource; however I believe the sum of its Uranium, Gold, and Coal deposits exceed $50million. Technically, the stock broke down in August and is very oversold with strong support at $2. The first target is 50 DMA of $2.4, then the stock can quickly race to 200 DMA of $2.9.
Red Hill Energy Ltd.
Company Contact Info: http://www.goldmau.com/rh.php
Thermometer: EXTREME on $1-$1.4. Sit tight after $1.4 breakout.
Red Hill is our favorite play since July, with a great write up in October (see here).
RH made a stunning, company-making discovery at Chandgana Khavtgai in Mongolia.
This mega discovery boasts the total sum of RH’s coal resource to well over 1 billion tonnes, and the management is confident of additional tonnage. While there is always a country risk, note how the deposit is situated right next to CVRD (map in link above). Using a conservative 25 cent per tonne value for coal in-ground, one could tag a $250 million price tag for RH. Technically, the stock rests on the strong 200 DMA support of $1. This is an EXTREME rating both fundamentally and technically.
Riverstone Resources Inc.
Company Contact Info: http://goldmau.com/rvs.php
Thermometer: HOT up to 40cents
We have a brief write up of RVS in October available here.
The company made the strategic acquisition of Goulagou with the goal of proving up over 1.2 million oz Au (Goulagou-Rambo-Kao) in 2008. With other interesting projects such as Yaramoko in Burkina Faso, the company is fundamentally very sound. Technically, the stock has strong support at the 200 DMA of 33cents. The next level is 40cents, then we can see 50cents in a hurry.
Sacre-Coeur Minerals, Ltd.
Company Contact Info: http://www.goldmau.com/scm.php
Our Sacre Coeur write up in September is available here. SCM is a very promising company for which we have accumulated a fairly large position. Million Mountain is beginning to look like a very sizable deposit and there are several extensions (East, South East, and further Northwest) that have the potential to stand as a million+ oz deposits individually. I would take SCM over Pediments (PEZ.v $120million+ market cap) or Keegan (KGN.v $100million+ market cap) any day at these prices. Technically, the stock broke out $2.25 readying for $2.75; after that what lies ahead is a test of an all time high of $3.75.
Please note comments above are strictly opinions of John Lee and should not be
relied upon to make investment decisions. Standard GoldMau disclaimer applies.
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Symbol: ASD.V, ASDFF.PK
Recent Price: C$0.370
Shares O/S: 56.9 M
Market Cap. : C$20.5 M
52 Week Range:
$0.250 - $0.690
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Symbol: APE.V, AGEEF.PK
Recent Price: C$0.310
Shares O/S: 53 M
Market Cap.: C$17 M
52 Week Range:
$0.300 - $0.780
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Symbol: CPP.V, CSTPF.PK
Recent Price: C$0.245
Shares O/S: 40.2 M
Market Cap. : C$11.3 M
52 Week Range:
$0.250 - $1.160 |
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Symbol: DON.V, DONFF.PK
Recent Price: C$0.510
Shares O/S: 39.5 M
Market Cap.: C$20 M
52 Week Range:
$0.350 - $0.800 |
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Symbol: EXO.V, EXRAF.PK
Recent Price: C$1.050
Shares O/S: 35.7 M
Market Cap.: C$32 M
52 Week Range:
$0.670 - $1.400 |
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Symbol: GTQ.TO, GWYGF.PK
Recent Price: C$0.680
Shares O/S: 32.9 M
Market Cap.: C$21.4 M
52 Week Range:
$0.530 - $1.170 |
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Symbol: INI.TO, INIFF.PK
Recent Price: C$0.480
Shares O/S: 60 M
Market Cap.: C$25.8 M
52 Week Range:
$0.255 - $1.200 |
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Symbol:IEC.V, IEXCF.PK
Recent Price: C$3.040
Shares O/S: 18.7 M
Market Cap. : C$55.7 M
52 Week Range:
$1.655- $4.500 |
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Symbol: IV.V, IVVFF.PK
Recent Price: C$0.720
Shares O/S: 37 M
Market Cap.: C$25.5 M
52 Week Range:
$0.570 - $1.00 |
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Symbol: KNP.V, KNPRF.PK
Recent Price: C$0.350
Shares O/S: 80 M
Market Cap. : C$25.6 M
52 Week Range:
$0.100 - $0.900 |
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Symbol: MXD.V, MXDFF.PK
Recent Price: C$0.430
Shares O/S: 33.4 M
Market Cap. : C$14.2 M
52 Week Range:
$0.350 - $1.280 |
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Symbol: NL.V, NLGCF.PK
Recent Price: C$0.480
Shares O/S:
31.2 M
Market Cap.:
C$15.6 M
52 Week Range:
$0.190 - $0.640 |
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Symbol: NW.V, NWFFF.PK
Recent Price: C$0.450
Shares O/S:
16.8 M
Market Cap.:
C$7.9 M
52 Week Range:
$0.350 - $1.000 |
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Symbol: PAF.V, PAFRF.PK
Recent Price: C$2.300
Shares O/S:
20.2 M
Market Cap.:
C$45.5 M
52 Week Range:
$2.060 - $3.590 |
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Symbol: RH.V, RHFFF.PK
Recent Price: C$1.00
Shares O/S: 47.4 M
Market Cap.: C$48.4 M
52 Week Range:
$0.550 - $1.450 |
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Symbol: RVS.V, RVREF.PK
Recent Price: C$0.390
Shares O/S: 41.2 M
Market Cap. : C$15.4 M
52 Week Range:
$0.200 - $0.445 |
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Symbol: SCM.V, SCRMF.PK
Recent Price: C$2.580
Shares O/S: 21.8 M
Market Cap. : C$52.4 M
52 Week Range:
$1.25 - $3.60 |
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