Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Crazy Fools LightHouse -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (1051)	5/2/2006 10:58:58 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 3198

&#8362 David Pescod's Late Edition May 2, 2006 SELKIRK METALS (V-SLK) $1.00 +0.05 We are working on our “Lottery Ticket” feature that hopefully goes this Friday, as we talk to some of our favorite analysts, market gurus and observers and ask those that have been so successful in the past, are there any junior exploration plays out there that you see that could be five or ten baggers over the next while? It is called a “Lottery Ticket” issue for an obvious reason, as usually these plays, if there is a high reward it entails EXTREMELY HIGH RISK! One source that you would expect to be contributing to an idea like this, would be the super successful Coffin Brothers, of the Hard Rock Analyst, that have come up with such enormous winners such as Virginia Gold Mines (VIA), up by a factor of 10 and Bear Creek (BCM), a ten-bagger. When we corner David Coffin today to see if there is any potential “lottery tickets” in the mining sector, he suggests there has already been huge moves in many of the winners and many of the others have already moved with the market in general. So to find five and 10 baggers, he suggests it is going to be really tough. Now he suggests, given the general market rise, you are trying to find double and triples. Of all the stories out there right now, though, Selkirk Metals is the one story he’s thinking might be able to do the best in the sector and always in the mining exploration sector it is depended upon success……….. CROSSHAIR EXPL. (V-CXX) $1.38 +0.11 For those following the junior uranium explorers, Crosshair Exploration might be one to be watching over the next couple of days as assays are expected on their Moran Lake Project in Labrador. Needless to say, with the small amount of reserves they currently have worked up, if they are able to add to it then suddenly it gets interesting. The company is well funded with about $13 million in the till and they will have two rigs drilling much of the summer as they hope to do 20,000 meters and that could be expanded as they search to add a third rig. Crosshair and Altius are two of the big land holders in the Labrador exploration play and Crosshair’s property looks like its poly-metallic as well, coming up with some interesting samples of copper, vanadium and silver. But the rigs will show whether there is enough of the good stuff there that Shell had drilled decades ago when uranium last created interest. One little concern to us though is the ten million warrants currently overhanging the Crosshair market. Much of that came from financing done some time ago, but still, that’s more than a little bit of an overhang. But this is a story more than a few analysts are watching with some hope. S&P/TSX COMPOSITE INDEX: 12,285.99 +51.43 There are some analysts that you just have to follow, because they are usually right and then you learn that there are others that are always interesting, but it seems like they are never right! One guy that we have followed for sometime now has been CIBC’s Jeffrey Rubin, who is currently called the chief strategist and chief economist at CIBC World Markets. The reason we started following him a while ago, was 15 years ago when Toronto was going through its real estate boom, where things got absolutely stupid, Rubin was the guy who stood up and said, “that the real estate market was out of control and prices would retract 25%!” Needless to say, to stand up and say that, made him an instant ogre to anyone who owned real estate in the area. But, needless to say…..he was also right! So what is he suggesting now? He is suggesting that the TSX Index could see up to 13,600 this year as he raises his target by 400 points and also he is looking for the Index to hit 15,000 in 2007. For those of us who suggest that nothing ever goes straight up and that we are due for a correction, this might give us some comfort that down the road (if there is corrections) that we’ll still see higher highs. In the Financial Post today, Rubin’s argument goes something like this: “A 25% rise in oil imports from last year and booming vehicle sales confirm that China’s energy demand growth is back in overdrive….” He also points out that “the world’s conventional crude oil production has not grown since 2003….” Also in the article he suggests that “it could force the price of crude up to an average of US$77 a barrel in the second half of this year and US$90 a barrel in 2007.” Rubin is also extremely bullish on the mining sector and is suggesting that “even if base metal prices don’t climb even higher, but simply stay where they are, these are still much higher prices then today’s stock valuations are given credit for.” It’s a must read column for those who wonder when this cycle ends. If you would like to receive this must read article email Sandra at sandra_wicks@canaccord.com.