cazan schreef op 24 november 2011 18:42:
Pana, uit recent interview en in 1 naam genoemd worden met endeavour,first majestice en silver wheaton is m.i. erg sterk
on this article Jordan Roy-Byrne: Gold Stocks Due for a Breakout Soon
Source: Special to The Gold Report (11/23/11)
Gold stocks may have been underperforming investor expectations for many months, but that could be changing very soon. In this exclusive interview with The Gold Report, Jordan Roy-Byrne, CMT, explains how he uses relative strength analysis to pick winners for the readers of The Daily Gold Newsletter. His technical work points to a turnaround in precious metals stock prices in the coming months, leading to a huge market top near the end of the decade. In the meantime, investors can feast on some of his favorite recommendations, which he describes in detail.
Companies Mentioned: Argonaut Gold Inc. - CMC Metals - Corvus Gold Inc. - Endeavour Silver Corp. - First Majestic Silver Corp. - Fortuna Silver Mines Inc. - Franco-Nevada Corp. - Silver Wheaton Corp.
TGR: Which other ones do you like in your portfolio at this point?
JR-B: On the silver side, I also like Endeavour Silver Corp. (EDR:TSX; NYSE:EXK). It's been a very strong performing stock. Endeavour's relative strength is right there next to Fortuna. It's a profitable company that has grown very consistently, both financially and operationally, over the years. It has two mines in production and over $100M in working capital, mostly cash. I believe the company is going to need to make an acquisition at some point to get a third mine into production.
We do have a couple more speculative ones in the portfolio. One is a company named CMC Metals Ltd. (CMB:TSX.V), with a market cap of only about $15M and about $2M in cash. The company's focus is on two properties. The Silver Hart project in the Yukon is a very high-grade silver property with significant base metals. A year ago, it took a bulk sample from it and received a nice amount of cash flow. This summer it extracted a 1,700-ton bulk sample with a grade that could be 100 ounces per ton (oz/t)—potentially 170,000 oz silver, which could gross the company about $5M with a $3M profit. CMC could do similar bulk samples for the next couple of summers.
Earlier this year, CMC acquired 50% of a past producing gold mine in California called the Radcliff mine in the Death Valley area. Echo Bay Mines owned Radcliff in the early 1990s and had an internal resource estimate (non NI 43-101 compliant) of about 280,000 oz gold. Some 100,000 of that is high grade at about 0.75 oz/ton gold. CMC Metals also owns a mill nearby called the Bishop Mill. It has partnered with the private company that owns the other 50% of this operation. Ore has already been stockpiled there and CMC is looking to start milling in the next couple of months. We should probably hear more news in the coming weeks or after the holidays.
If CMC is able to get this gold production up and running, it's going to be very profitable with substantial cash flow relative to its market cap. This is a speculative stock, which is trading well off its highs. I believe it has limited downside with upside potential that could produce a five or tenbagger. But, this is one that you really need to do your own research on
www.theaureport.com/pub/na/11758