OZK.V/OZN/BGL.V/
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Have you looked into OSK?
They are drilling off a porphyry deposit in the Abitibi gold belt in Quebec, and will probably outline a deposit of between 3 and 4 million ounces by the summer when they complete a resource estimate.
However the stock is only trading at $3 a share, with about 45 millions shares fully diluted for a market cap of $135 million.
My guess is that once they can increase the drill density to allow for a M&I resource, the company will trade at a multiple of $200 per ounce of gold in the ground, in line with peer juniors at a similar stage of development, and that would imply at least a $15 share price within 12-18 months.
Because they are working to define bulk tonnage deposit that has demonstrated consistent grades, there is not a great risk that they will disappoint in future drilling.
Message 22249875
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I like MNG, OZN on AMEX. Some other possibilities to check out: ATN.to, RSM.to, MVG.to, GGN.to, EET.to, VYE.to, DMM.v, GUY.to
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Message 22248718
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Stock of the day for me has been Bandera Gold (V.BGL).
I have been posting about this company all week, and averging up myself along the way.
In fact I bought another 4,000 shares today at 39 cents.
Those who were at the TSC meeting this week will know what I think of it, but for those who dont, it is a junior play in Mexico that will be going into production within a couple of months, working the same property package that used to be controlled by Tumi Resources.
They will be running an open pit operation with limited tonnage (about 125 tpd to start) and then growing the operation from there.
The share structure is very tight right now, with only 25 million shares out including the PP that closed last week.
I would expect a junior producer controlling such a large property with a proven resource to have at least a market cap of $50-100 million, and that would project to a share price of at least $2.
Thats all the table pounding I am going to do on this one, but I have been a buyer all the way up, and have a great deal of confidence in this little company to make a big move when the market wakes up to it.
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AZK/MNG/CMM.V/IPT.V/MUG.V |
