La Mancha Resources Inc LACHF

World Of Wallstreet Cover La Mancha

[MontyHigh]

Tocelebrate gold's recent move, the tables I put up today have price tooperating income values based on $950/oz gold (the current price). Thetables are based on 2010 guidance.

Here's some recent notes on the various stocks in the table:

• Gold Resource Corp (GORO.OB) - BULLISH: recently announced a drill hole that significantly increases the size of their deposit. BEARISH: Still not in production with half their cash burned in the previous quarter. A dilutive financing is probably coming. OUTLOOK: My biggest holding by far, nothing has changed as they will print money, are safe against falling metal prices and intend to give stockholders dividends.
• Castle Gold (CSG.V) - BULLISH: recently announced a drill hole that is near the surface, 109m think, same grade as they are mining with $420 cash cost. This should lead to a significant increase in reserves and resources at the mine that is ramping up production. OUTLOOK: Extremely undervalued and moving towards increasing even further annual production.
• Rusoro Resources (RML.V) - BULLISH: recently announced a feasibility study for a major increase gold output. OUTLOOK: A pure speculation due to political risk, but more undervalued than any other mid-level gold producer I know of with excellent, high-grade rocks.
• La Mancha Resources (LMA.TO) - has had a major price move up recently.
• Oceana Gold (OGC.TO) - has had a major price move up recently.

Here's the reference Jr producers. These are all steady producers withno big risks that are well-known. As such they provide a basis forcomparison to other investment opportunities.

Here'smy "blue-chip" (no significant political, financial or execution risk)favorites other holdings (significant chunks of my portfolio are ineach of these):

Here'smy list of speculations. I have relatively smaller positions in each ofthese. Each is severely undervalued but has at least one major riskitem (political, balance sheet, etc.):

Whereelse can you find stocks with price to operating cash flow ratios wellunder 3 (and some under 2) at current commodity prices?

MontyHigh, www.worldofwallstreet.us