GoldInsider - Insights to Profit

ASD has been quietly adding tonnage in the past 12 months with drill results after results. There has been several good intercepts (50 meters+) of 0.7% Copper equivalent (not taken into account of metallurgy.) With a recalculation of 43-101 (last reported 40 M tonnes, 600k oz of Au and 350 M pounds of Cu) on the horizon, ASD is at the very least a candidate for a nice rebound.

Note Century mining (CMM.v) with a focus on Peru. Last week it spent US $24.5 M to buy a deposit of 37 million tonnes at 0.39 g Au (400,000 oz’s)
http://biz.yahoo.com/ccn/070807/200708070406224001.html?.v=1

Now notice the market cap of ASD ($19.3 million).

Symbol:
ASD.V, ASDFF.PK
Recent Price: C$0.355
Shares O/S:
57 M
Market Cap. : C$19.3 M
Cash: 2 M
52 Week Range:
$0.34 - $1.33

International Enexco Ltd.
Company Contact Info: http://www.goldmau.com/iec.php

Here is what I wrote about IEC on July 18 in the weekly update

“IEC is another Arnold Amstrong’s baby. Mr. Armstrong is 81 and was recently inducted into Doug Casey's Explorer's League. He owns over 20% of the company.
It has $15million in cash, a JV Uranium project with Cameco (drilling in progress) at Mann Lake (eastern Athabasca Basin, Saskatchewan) that intersected 7.12% eU308 over 0.25 m and 5.53% eU308 over 0.4 m.

It also has a high grade Contact copper project in Nevada (drilling in progress). Contact property has 400 million pounds of copper at 1% in just 15 million tonnes. I am set to meet the management and will share further information in the next issue.

The stock looks to have made a massive bottom at $2.25. I don’t own IEC at the moment as I am a bit ambivalent towards Uranium (not that I don’t like Uranium, but I was late to the game and don’t like to play catch up).

I have been watching IEC for over 2 years now, given its cash position, solid copper project, and potentially company-making prospect with its Uranium JV, IEC is a good speculation for Uranium bugs with cash and a Copper project to protect downside.”

On Tuesday, I interviewed Mr. Armstrong and the video interview should be posted next week. Cameco is half way through their 8 hole program at Mann Lake.

They are now drilling at Contact Lake, set to test the deep holes that included 3.7 metres @ 20.8% copper plus 207 g/t silver and 14.0 metres @ 9.2% copper plus 144 g/t silver. News should start to roll in the fall. You can see IEC could get explosive then with news coming either from the Copper or the Uranium camp.

Symbol:
IEC.V, IEXCF.PK
Recent Price: C$2.64
Shares O/S:
17.3 M
Market Cap. : C$45.2 M
Cash: $17 M
52 Week Range:
$1.55 - $4.50

“IEC could get explosive then with news coming either from the Copper or the Uranium camp.”

Ivory Energy Inc.
Company Contact Info: http://www.goldmau.com/ivory_energy.php

Ivory closed the $28 M debt financing to advance its heavy oil properties in Saskatchewan. It was recently featured at Resource Investor.com:

Record Oil Prices Lift Ivory's Prospects in Western Canada
http://goldmau.com/IvoryAug9.php

Also note the recent acquisition by Ivory’s big neighbor Pearl exploration
Pearl to Acquire Watch Resources Ltd. http://biz.yahoo.com/ccn/070802/200708020405838001.html?.v=1

.

Symbol:
IV.V, IVVFF.PK
Recent Price: C$0.81
Shares O/S:
37 M
Market Cap. : C$29.5 M
Cash: $30 M
Debt: $28 M  (convertible debenture)
52 Week Range:
$1.05 - $0.50

New Company Coverage:

Linear Gold Corp.
Company Contact Info: www.lineargoldcorp.com
Presentation link: http://www.lineargoldcorp.com/properties.php

Linear gold is probably no secret to most with its Campamento gold discovery in Mexico. Following Linear’s acquisition of the project in the fall of 2003, a drill program was initiated in January 2004 and by June 2004, the company had announced its first significant gold-silver discovery, known as the Campamento Deposit. The Campamento resource estimate includes 1.0 M ounces of gold and 4.4 M ounces of silver in the measured and indicated categories, and 0.7 M ounces of gold and 2.3 M ounces of silver in the inferred category, all at a cut-off of 0.50 grams per tonne gold. 

Intercept of 100 meters of 12g/t Au in Nov 2004 drive Brien Lundin’s crowd wild and bid up the stock to $12. Linear is well cashed up with $25 M (raised at $5 per share in March). Those shares became free trading and added pressure. Well at $2.1 and a market cap of $58 M ($30 M net of cash) and now over 1.7 M oz of gold near surface, Mr. Lundin readers’ loss and those March investors’ loss is your gain. I recently bought over 30,000 shares of LRR.to  at $2.15

Please note I own all of the stocks featured above.

.

Symbol:
LRR.V, LGCFF.PK
Recent Price: C$2.20
Shares O/S:
27.5 M
Market Cap.: C$63.6 M
52 Week Range:
$2.25 - $7.20
Avg Entry Price $2.15

“The Campamento resource estimate includes 1.0 M ounces of gold and 4.4 M ounces of silver.”

Disclaimer
Contact John Lee at admin@goldinsider.com for details.