$$$ At Discovery Board, we focus on speculative plays in natural resources. Mostly gold and silver. Sometimes other precious metals, rare earth, or energy. We are not immune to trading, but we buy and hold core positions is special situations that we think have promise.
I see the market here being fickle about exploration plays so I have reloaded with plays that are more attuned to the price of precious metals. Targeting gold at 1500 per troy ounce.
$$$ LEVERAGE TO THE PRICE OF GOLD Franco-Nevada Warrants of March 2012, strike c$32.00, no cap. Stock now closing in on $34.00. I expect the stock to be reevaluated to c$40 even with static gold prices based on improved cash flow from just-completed acquisition of gold wheaton.
$$$ GOLD PRODUCER ~ Claude Resources, CGR / CRJ.TO. I own the warrants, CRJ-WT.TO. Strike price of c$1.60, good until May 2013. I am in this because sometime this year I think they are going to make an important announcement about reopening Madsen mine shaft and mill, which they own along with 10,000 surrounding acres of land that includes past high grade underground gold mines besides Madsen.
$$$ SILVER EXPLORATION International Northair. INNHF.PK/ Drilling for silver in Mexico. Big money backers.
$$$ Golden Touch Resources GOT.V / GGNHRF.PK Gold and platinum group metals in Albania. Just finished big acquisition that gives combined company much more prospective acreage there. Not many shares out. Tough to buy. The drill spec incarnate.
$$$ GMV Minerals GMV.V / GMVMF.PK Gold exploration in Guyana. Lots of good property around Sandspring, GUY.TO. Drilling heavily this spring. |
