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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: ogi who wrote (25643)11/15/2006 11:26:10 PM
From: Mr. Aloha  Read Replies (1) | Respond to of 78410
 
Thanks again for your local perspective, Ogi.

Sounds like the potential issues are with the gold properties. I'm in ADA primarily for the near-term zinc production, and probably won't be around by the time they advance the gold mines very far.

I think there's a mispricing in the market because of the underrecognition of their zinc mine, but I think the market is now starting to recognize that value as the stock breaks into new high territory. The timing of their zinc production seems to coincide pretty well with the depletion of the LME zinc inventories, so it seems like a great play on a zinc price ramp over the coming months.

I also like the gold mines in Quebec and Ontario more and prefer one big deposit.

The zinc mine does seem a 100% go and a cash cow as long as zinc holds up or moves higher. I kind of view it like an undervalued warrant on the price of zinc, with some gold insurance if zinc collapses. If they can't show they can overcome the issues you mention with the gold mines, I'll probably move on once the market fully recognizes the zinc value.



To: ogi who wrote (25643)11/16/2006 9:30:59 AM
From: E. Charters  Read Replies (1) | Respond to of 78410
 
Lots of gold in NS. It was Canada's leading gold producer in the 19th century and then fell behind BC in the latter years. Because the mines were small scale, they fell behind enterprise that came on after the turn of the 20th century in Ontario. NS is worth another shot, as are some "vein" gold camps which have fallen into disfavour in Ontario. (Kenora, Wawa, Beardmore)