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RoBTV Analysts on Gold Stocks
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Friday, October 27, 2006
Peter Hodson, Sprott Asset Management on Aurelian
Snapshot: ARU BUF.U CMM G GUY NG ORR PLE SKE YRI
Peter Hodson, senior portfolio manager, Sprott Asset Management
GUYANA GOLDFIELDS (TSE:GUY): like the management team..Rob McEwan owns 12% of company..it's an unknown gold company starting to build ounces quite substantially..legitimate takeover target..one of the best takeout names
YAMANA GOLD (NYSE:AUY TSE:YRI): misunderstood company, done two acquisitions..they will be a million ounce producer by 2009, still don't get respect from mid-cap category..cash costs going down, well-managed..half the value as some of the other mid-tiers
NOVA GOLD (AMEX:NG TSE:NG): think they should walk away or come up with more money..extra $1.50 will not matter
AURELIAN RESOURCES (CVE:ARU): John Embry owns 6% of company..majors signing confidentiality agreements, very good takeover target..11-12 million ounces, only 30 million shares outstanding