February 2012
February 24, 2012 –
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RELATED TICKERS: AUQ
, KBX
5) Aurico Gold - Aurico should get a material re-valuation come year end , perhaps earlier as news from Young-Davidson is released. My personal valuation just for Ocampo & YD [using $1,500 Au, $30 Ag, 10% Discount Rate is in excess of $14/shares based solely on 2p reserves). Aurico also has lucrative assets producing or that are in development, in terms of assets on-top of its flagshi properties. El-Cubo, Kemess, El Chanate conservatily add an additional $5 in NAV, but excludes Guadalupe Y Calvo, Statwell, Fosterville, Orion. [more]
February 23, 2012 –
2) First Majestic - Despite finding the accumulating shares under $2, blossoming into a 7.5m oz company in 2011. The current estimate are as follows 2012 - 10.5m Oz 2013 - 13.67m Oz. 2014 - 18m oz 2015 - Deltoro operates for 1 yr at full capacity = meaning the company as a whole will surpess the 20m /Yr mark , propelling itself as high a 21.5m oz 1) Huldra Silver - This is a story that been kep under the radar for quite some time but is looking good for a least a 2-3 bagger and perhaps a core holding in ones portfolio. [more]
February 20, 2012 –
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RELATED TICKERS: AG
, ISVLF
Silvercrest mines - This has been an excellent story for investors of more than 1 year, yet the story is just now unfoding. Silvercrest is no one trick pony with it;s only currently operating asset in the St. Elena open pit. It has began a multi-phase phase-expansion, outling below.
· 2012 Phase 1 – Increase the current run rate of 1,650 tpd to 2,500 tpd, increasing annual AgEq production from 1.6m Oz. to 2.6m Oz Production for 2012 forecast at 2m AgEq and 2.6m in 2013. [more]
February 19, 2012 –
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RELATED TICKERS: ISVLF
While I posted my top silver and gold miner for 2011 early last year, my top pick [Aurcana] would be number 2 or 3 this year but since TMFSinchura has covered it already, I don't see the need to repeat. As for gold, Atna did superbly given the performance of the overall industry. My pick for #4 is Impact Silver. It slowly but surely becoming a noticable silver producer reaching more or less 900k oz in 2011 AgEq. With significant production growth plans in 2013-2015, investors should pounce on this while the opportunity is still present as 2012 will not be an unevenful year either. With production estimated to be approximately 1.1-1.2m Oz. in 2011, it will increase to nealy 1.5-1.6mm oz this years as 3 mines reach initial planned capacity and Capire pilot plant turns out 200 tpd [300k+ oz] before a substancial mill expansion planned to increase production to 2.2-2.4m oz in 2013 and 3.6-3.75m in 2014. In my personal view this will become a 3-5+ bagger over the next 2-3 yrs [unless it is acquired] solely based on these numbers, excluding likely recovery rates and further mill or mining optimizations. As for 2012, I'm expecting a jump to between $3 - $4/share. [more]
February 19, 2012 –
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RELATED TICKERS: ISVLF
While I posted my top silver and gold miner for 2011 early last year, my top pick [Aurcana] would be number 2 or 3 this year but since TMFSinchura has covered it already, I don't see the need to repeat. As for gold, Atna did superbly given the performance of the overall industry. My pick for #4 is Impact Silver. It slowly but surely becoming a noticable silver producer reaching more or less 900k oz in 2011 AgEq. With significant production growth plans in 2013-2015, investors should pounce on this while the opportunity is still present as 2012 will not be an unevenful year either. With production estimated to be approximately 1.1-1.2m Oz. in 2011, it will increase to nealy 1.5-1.6mm oz this years as 3 mines reach initial planned capacity and Capire pilot plant turns out 200 tpd [300k+ oz] before a substancial mill expansion planned to increase production to 2.2-2.4m oz in 2013 and 3.6-3.75m in 2014. In my personal view this will become a 3-5+ bagger over the next 2-3 yrs [unless it is acquired] solely based on these numbers, excluding likely recovery rates and further mill or mining optimizations. As for 2012, I'm expecting a jump to between $3 - $4/share. [more]
February 18, 2012 –
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RELATED TICKERS: PAAS
, MIEFF
[more]
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