Dave Pescodd FRP commentJim Gillis , President of Cassidy Gold is calling for a double in the share price of FRP.This is an excerpt from Dave Pescodds Late Edition
When we ask Gillis to make his bet on commodity prices, he asks,
“aren’t we due for a correction around here?” When pressed, he figures
that gold could see $700 by Christmas, but he wouldn’t be surprised
to see a big correction before we get to that number. Mind
you, he chuckles when he gives that price prediction because he simply
says, “I’ve been so wrong, so often” and finds so many commodity
prices that we currently have as lofty.
When asked to pick a stock for us and remind him that we would
expect a double from him, he goes with Frontier Pacific Mining, currently
drilling their uranium property and should have results out
sometime soon. He’s a big fan of their geologist leader, Peter Tegart
who he has lots of faith in.