August 28, 2011
– Comments (6) |
RELATED TICKERS: FNNVF.DL
My article on SA
This is just a personal opnion given the current valuations and the speculatcular news coming out of taseko;s prosperity project of which Franco is entitled to purchase a 22% interest for 350m + 2m warrants. This would gove Franco an additional 66k oz/yr starting 2015 for approx 25-26 yrs based on current 2p. BTW Franco uplists sept 8th.
Out of curiosity, would you recommend holding all of these streamers? Also, how do you position your portfolio in terms of streamer composition versus miners? -Lower oil prices may help out miners relative to streamers in the short term.
Long sndxf/snxxf and slw here but no franco or royal (hadn't got around to the DD yet)
I believe you've written comparisons of these earlier in the year, any updates or new thoughts?
I am have been for sometime, a huge fan of the royalty and streaming model. All of the streaming/royalty companies have great short-mid and long long term attributable production growth profile. The main reason I;m favoring Franco now is the approval of Taseko;s prosperity project, giving franco, what I consider to be the edge over Royal Gold. RGLD has also seen a run up about 45% so far this year compared to Francos approx 20%.
Thanks speedy ... good stuff. I will not hold my breath on Prosperity a second time, but I am keeping my fingers crossed. :)
Speedy, you made a great call on the '12 warrants a while back, when they were down around $3. I listened... :-)
Currently, my favorite play on warrants are the Kinross '14 (strike of 21.50). What do you think? Any other warrants out there you like besides that, sandstorms '14, and new gold '17?
I like New Golds, Sandstorms, Claudes, Franco B' warrants. SLW warrants, Agnico warrants, Brigus warrants and waiting for the details on golden minerals to see the leverage. finally the Dundee warrants. Wow you must be cleaning up on the franco warrants, thats awesome. They uplist on the 8th I think thatll grab some investors attention.