Brent Cook on BNN last night commenting on quite a few companies...
stockchase.com
Brent Cook Comment A Comment -- General Comments From an Expert A Commentary 0.020 Market - Holding a lot of cash. Expects people will be selling everything, the good with the bad. There are a number of quality projects that will be available at a discount. We still need to find one big copper mine a year just to keep up with production. On gold we have to find 85 million ounces a year just to match production. Industry can’t keep up with demand, so if you can find a company with a real legitimate discovery, you are set to do well, regardless of the macro stuff.
2011-09-15 Brent Cook BUY Evolving Gold Corp. EVG-T 0.520 Gold project in Wyoming and Nevada. Run by a very competent geologist. Wyoming is an interesting project in that it is a big gold system with a number of intrusives into it. The Carlin project is a good one also. Frustration has been the time it has taken to prove these up. At these prices it is all right.
2011-09-15 Brent Cook HOLD Balmoral Resources BAR-X 0.980 Picked up a large land package in Ontario and Québec. Conceptually picked up on trend large deposits of Detour (DGC-T) and looking to replicate the same success.
2011-09-15 Brent Cook HOLD Golden Predator Corp GPD-T 1.250 Has some good projects. Of all the explorers in the Yukon, this one is in the top 5%-10%.
2011-09-15 Brent Cook DON'T BUY East Asia Minerals Corporation EAS-X 0.780 There are a few issues. Land is in Indonesia and they don't have the forest designated sol that they can build a mine. Also they have not addressed metallurgy to designate the rock.
2011-09-15 Brent Cook WATCH Atac Resources Limited ATC-X 6.380 Run by some very competent people. Have a belt of rocks 100 km long with mineralization similar to the Carlin trend. Have some good thicknesses across certain intervals but it's hard to pasted together so far. That is going to be the real key. It is going to require a lot of power and there is no power in the Yukon so it will take big CapX.
2011-09-15 Brent Cook Comment Mineral Mountain Resources MMV-X 0.550 Very early stage. Trying to replicate what they did with Rainy River (RR-X) in finding a large disseminated deposit with narrow high-grade veins.
2011-09-15 Brent Cook Comment A Comment -- General Comments From an Expert A Commentary 0.020 Rare earths. Major companies are users of rare elements and feels there is a play here. There are 3 deposits that are worth keeping an eye on. Rare Element Resources (RES-T), Quest Rare Minerals (QRM-X) and Tasman (TSM-X). These 3 are advanced enough along that they can kind of see what the metallurgical characteristics are.
2011-09-15 Brent Cook PAST TOP PICK Wolverine Minerals WLV-X 0.390 (A Top Pick Nov 2/10. Down 30.39%.) Picked this because the person running it is a quality geologist. The problem with exploration plays in the Yukon is that it takes 6 weeks to get the results back from the labs. They are still waiting for their drill results.
2011-09-15 Brent Cook TOP PICK Almaden Minerals Ltd. AMM-T 3.160 (A Top Pick Nov 2/10. Up 12.41%.) Very good company. On to a major geothermal precious metal system in Mexico, which they are still defining. There is a chance here for a real home run. Gold and silver.
2011-09-15 Brent Cook PAST TOP PICK Lydian International Limited LYD-T 2.750 (A Top Pick Nov 2/10. Up 15.13%.) Still a great buy. They've defined 2.5 million ounce deposit in Armenia. It will be inexpensive to mine and produce the gold.
2011-09-15 Brent Cook HOLD Allana Potash Corp AAA-T 1.110 Potash. Doesn't follow the potash industry that much but he was in Ethiopia and from what he saw, their deposit is as good as the BHP deposit which is next door. Expect they will be taken over it eventually by BHP.
2011-09-15 Brent Cook BUY Phoscan Chemical Corp. FOS-T 0.390 Phosphate deposit but also have some rare earths. Caught up in the assay backlog. It should work. Probably have about $0.38 a share in cash.
2011-09-15 Brent Cook HOLD Premier Gold Mines PG-T 6.490 Saddle Mountain project in Nevada is sitting between Newmont (NMC-T) resources. If Newmont is going to mine their resources, it would be logical for them to acquire this company. Same thing in Red Lake, where Goldcorp (G-T) is putting a high-speed underground tram, which crosses through their joint venture property.
2011-09-15 Brent Cook WATCH Baja Mining Corp BAJ-T 1.010 Interesting project. Soft sediments, copper mineralization. I've spent a lot of money building this and now we'll see if it really works. If it does as they expect, the stock is seriously undervalued.
2011-09-15 Brent Cook Comment Everton Resources EVR-X 0.220 In the Dominican Republic. Have done a good job of divesting a lot of their projects. Inexpensive stock but he doesn't think they will find an extension to Pueblo Nuvero (?).
2011-09-15 Brent Cook BUY on WEAKNESS Continental Gold Limited CNL-T 7.680 Gold. Probably the premier company in Columbia. Good project and good company.
2011-09-15 Brent Cook BUY Fortuna Silver Mines FVI-T 6.100 It's going to be listed on the NYS next week. Will this have an impact? Very competent junior mining company. 2 good mines in production.
2011-09-15 Brent Cook Comment A Comment -- General Comments From an Expert A Commentary 0.020 Barbell strategy with buying a producer and an explorer? Thinks this is a very good idea. For the producer, he would look at Fortuna Silver (FVI-T). For the Explorer, there are 2 he would consider. Global Minerals (CTG-X), which is active in Slovakia and Mirasol (MRZ-X), which is active in Patagonia.
2011-09-15 Brent Cook Comment Orvana Minerals ORV-T 1.960 Operation in Bolivia is making decent money. Have branched out into Spain, which has a tough deposit. Think they are having issues in working out the kinks of that one. Also have a row checked in Michigan, which he doesn't know enough about.
2011-09-15 Brent Cook BUY San Gold Corporation SGR-T 2.920 Sold his holdings when the exploration story became more of a development story. There is always something goes wrong with development stories. It's a good deposit and they are putting a lot of money into drilling it out. Thinks they are over the hump.
2011-09-15 Brent Cook TOP PICK Alderon Resource ADV-X 3.420 Iron ore in Labrador. The key thing about iron ore is infrastructure. They are located in the right place with easy access to the rail line, which goes into Quebec. Have about 1 billion tons of iron ore right now. Did an assessment on about half of it and came up with about $3 billion of net present value at 8% discount. Pick a candidate.
2011-09-15 Brent Cook TOP PICK Lara Exploration LRA-X 1.410 Prospect generator. They have projects going in Brazil, Peru and China and they are all ventured out. Long-term hold. |
