WEST TIMMINS MINING (T-WTM) $1.67 -0.05
Rodney Dangerfield...oops...make that Darin Wagner
of West Timmins Mining is asked, where does he think
gold will be and give us a couple of stock picks just in
case stories he is following out of the Timmins area
might be different from those elsewhere and we tell him
that we are looking for doubles of course.
The amazing thing is that there have been lots of
doubles over the last six months—mind you, from re-
cord low levels.
As far as gold, Darin suggests he “wouldn’t be sur-
prised to see a pullback in gold over the next couple of
weeks, but by Christmas, he expects gold to be in the
$1025-$1050 range and beyond that, it’s crystal ball gaz-
ing, but he thinks steady in the $1000-$1100 range
based on a weak U.S. currency and a rebounding re-
source market.”
As far as stocks that he is following, he is emphasiz-
ing Canadian high-grade gold stories with names like
Queenston Mining (QMI) and San Gold (SGR) being
amongst his favorites. He suggests both have potential
to evolve into something larger.
He is also a fan of the Platinum Group Metals (PLG),
with a 7 million ounce PGE resource on the Bushveld in
South Africa and he suggests has a market cap of un-
der 200 million and he says, “it’s a screaming buy.”
Needless to say, South Africa has its risks.
Another name he mentions that we’ve never heard of
is Auex Ventures (XAU) and he suggests it’s a great
play down in Nevada that he feels is “grossly underap-
preciated.”
West Timmins Mining