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February 2012



Gold Manipulation, Currency Intervention, and the Death of Free Market Capitalism

February 29, 2012 – Comments (46) | RELATED TICKERS: CEF

In a fascinating departure from prior rhetoric on the topic, the IMF today explicitly endorsed currency intervention by emerging-market central banks as a legitimate and even credibility-enhancing policy tool.  [more]



Digging Through the Heavy News Flow

February 26, 2012 – Comments (35)

 This is the busiest time of year for us mining investors. In order to remain well informed, we have a slew of annual reports to review, a barrage of updated resource estimates, and even a flood of other major developments as companies hurry to deliver news flow in advance of the big PDAC conference in Toronto.

Since I could never succeed in covering all this news flow simultaneously, I wanted to open up the floor to any questions or comments regarding particular developments that caught you attention recently.


First, let me share a few of the latest stories that I did have a chance to write-up:


Pilot Gold has reminded the market that its original spin-off portfolio warranted careful attention, as Haligaga in Turkey continues to take shape. The company's newly acquired asset in Nevada looks very sweet to me, and I'm excited to hold a major stake in this proven team's current venture.

“Our technical team carries forward Fronteer Gold’s in-depth, working knowledge of Long Canyon and our strategy in Nevada was to identify a project with the same attributes and exploration potential as Long Canyon,” says Dr. Moira Smith, Pilot Gold’s Chief Geologist and previously Fronteer Gold’s Chief Geologist for Nevada. “I believe Kinsley Mountain has the framework for discovery and a clear path to building a significant, high-quality deposit in the near-term.”

While we're busy keeping track of new developments, I believe its key to keep an eye on those that remain heavily anticipated so that we can benefit from potential stock catalysts thus generated. One of the events I've awaited for years is finally upon us, as Copper Fox Metals is due to release a feasibility study for the Shaft Creek project during this quarter. Particularly given the explorations success enjoyed since the last resource estimate came out, I perceive a strong potential for a meaningful pop. And even if the pop does not immediately come, the likely decision by Teck to proceed with an earn-in is sure to drive the stock. 

Meanwhile, my largest equity holding -- Alexandria Minerals -- expects to deliver its initial estimates for the Akasaba property imminently, and I am very hopeful for an overdue re-rate of the stock as its global resource jumps way past the million-ounce mark. I pluralize "estimates" because I think they'll end up releasing it in 2 parts: a near surface deposit conceived as a bulk-mineable zone, and the deeper portion conceived as an underground operation.


As fellow Fool Matt1344 pointed out...

Pretium Resources updated the resource on its Brucejack deposit, and it's clear Mr. Quartermain continues to deliver meaningful value creation here. I recently initiated a small position, and continue to do my homework with a view toward building the allocation. Sure would love a pullback to make that decision easier, but I'm not holding my breath.


Someone brought Gold Standard Ventures to my attention earlier last week; just in time for me to miss a major surge in the stock following a metrial high-grade exploration hit in Nevada's Carlin Trend. I have not completed my DD as yet, but my attention has been grabbed in dramatic fashion.

I'll be having dinner with their team in Toronto next week, and will continue to share my thoughts in the company as I learn more about it.


Golden Predator revealed a sweet intercept -- 68m at 5.96gpt -- at its Grew Creek property.

This remains just a small holding of mine, but I continue to watch the story unfold with interest. I have spread my Yukon allocation among several explorers to play the region's strong exploration potential in a fairly systematic way.


This is just a sampling of some of the recent or looming developments that I'm watching, but I'm curious to know which stories your watching most closely or that have you most excited. Along those lines, if any of you have specific companies you would like me to connect with at PDAC, or even specific questions for company management, now is the time to put in those requests.

Here's to another profitable year of investing in the miners and explorers, and to celebrating the power of collective intelligence.  [more]



Yamana and Hecla

February 24, 2012 – Comments (1) | RELATED TICKERS: AUY , HL

Please find below my recent earnings discussions regarding Yamana Gold and Hecla Mining:  [more]



If Mining Were Easy, They'd Call it "Scooping"

February 23, 2012 – Comments (1) | RELATED TICKERS: AEM

Borrowing a phrase from the fishing industry, I wanted to bring attention to the very tough road that Agnico-Eagle Mines has had to walk in its still elusive efforts to bring annual production past the 1 million ounce mark.   [more]



How $2,250 Hold Comes Into Clearer View

February 19, 2012 – Comments (21) | RELATED TICKERS: ABX , GG , AU

Those of you who have been around the block with me may recall that I've endeavored to periodically update a rough estimate of where the gold mining industry's all-in cost of production is trending. It's not a metric that we encounter frequently amid discussions of gold's long-term price outlook, and I insist that is a frequent oversight by observers of gold from both sides of the philosophical divide.  [more]



Skilled Pilots Find the Gold Again

February 15, 2012 – Comments (10)

These guys have steered their way into major strategic gold desposits before, and they are in the process of doing it all over again.  [more]



Message from Tyhee President Brian Briggs, P.E.

February 14, 2012 – Comments (7)

After a very tough period for the stock, I find this letter quite reassuring. Please understand, this does not mean the project has been significantly de-risked... it is still a risky and highly speculative investment. But for a Fool like me who has a bit riding on it, I did find this message encouraging.  [more]



The Clear View of Thompson Creek Metals

February 09, 2012 – Comments (17) | RELATED TICKERS: TCPTF

This is the first installment from my recent interview with Thomson Creek Metals CEO Kevin Loughrey.  [more]



Silver Compounds to Battle Cancer?

February 07, 2012 – Comments (10)

We all know cancer is a formidable foe, and it is one that has impacted my own family as well. I was not aware that conventional chemotherapy treatments contained platinum, nor that the metal was a major component of the treatment's toxicity to healthy cells. Primarily as a member of our species, and secondarily as a silver investor, I am hopeful that silver will ineed prove as beneficial to cancer treatment as many seem to anticipate. And as a corrollary, since silver is so much cheaper than platinum, perhaps this could ease some of the financial burden associated with the battling of this disease.  [more]



The Greatest Growth Story in Silver Today

February 06, 2012 – Comments (17) | RELATED TICKERS: SLW , EXK , FSM

Please find linked below the 2-part series resulting from my interview with Aurcana CEO Lenic Rodriguez during the recent investment conference in Vancouver. I hope you enjoy the write-up, and I look forward to you sharing your thoughts on the company's outlook here.  [more]



Recruiting Volunteers for a Foolish Field Trip

February 02, 2012 – Comments (34) | RELATED TICKERS: HL , PPP

I need (at least) 15-20 of our finest precious metal enthusiasts from this community to join me in a very special field trip. Don't worry, you won't have to move your back sides from where they presently sit. :)  [more]

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