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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (38585)4/19/2007 8:00:43 PM
From: TrueScouse  Read Replies (1) of 78408
 
marcos:

Some comments on your comments...

<<it's pretty important for them to trade at some point for you to get that ten-bagger, lol - '(CSL.h)>>

I have faith brother! Seriously though, despite operating in a mickey mouse way for years, Cadre's bajo Caroni project would be *massively* profitable if it ever gets off the rails. We would probably be talking 100-bagger instead of 10-bagger. I'm still not sure why it's not trading again because I know they've submitted the financials. Grrrr!!!

<<tgx.v - the term 'no brainer' is a bit scarey, too bad, i had been planning to take a close look at this one -g->>

LOL! Don't let my over-enthusiasm stop you. <g> I honestly admit that I've no idea why True North isn't trading at many times the value of most of the junior diamond companies out there. Seems like girls (and boys) prefer diamonds to rubies, despite the fact that rubies are *far* more valuable!

<<also got dnt.to 1.40s earlier ...>>

Fantastic PR today on the economics of the Cañariaco project. 60% IRR! And they're only talking about the starter pit. They're sitting on an elephant there. This is one where the perceived country risk is way overblown IMHO. Peru is one of the biggest producers of virtually all the PMs and BMs in the world. And DNT did a very smart thing getting a listing on the Lima exchange. There's huge pension money there sitting on the sidelines and looking for a home. And I think that DNT is one of only 3 junior explorers listed there. This one's a keeper. I'll be happy if it takes 3 years instead of 2 to reach 10-bagger status. <vbg>

<<epm.to is sure bumping hard on that 52wk high eh>>

Some time over the next 6 months, in the ramp up to production, I have a feeling that EPM is going to explode to 3 or 4 bucks -- and the warrants would be a 3 or 4-bagger from here. And then it's just a short hop to 10-bagger status. :^)

<<Some of your not-ten-baggers there will be denied the status by being taken out before they slide home ... what you don't want is management that bends over for the first cheapo offer like the einsteins at rng.to, i think Randy R and Merlin have considerably stiffer spines>>

Randy did a great job with Francisco squeezing out the value for shareholders -- and himself of course! I expect him to host a bidding war for CKG when the time comes.

And it's a drag for the RNG shareholders, as it was with EZM -- but the lesson there to me is that I should have taken those LUN shares when they bought Eurozinc (which was a 10-bagger for me BTW). I may still buy some LUN, because I think they've been brilliant over the last year in their growth/acquisitions strategy. Wish they had warrants.

OK... better go. Still trying to complete the 2003 tax returns! <ng>

Best regards,
Howy
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