Bill Belovay, VP and portfolio manager, Jones Heward Investment Counsel
ELDORADO GOLD (AMEX:EGO TSE:ELD): very leveraged to gold price, has had good runup, operations in Turkey, not a bad place to operate in, coming on in production in line, also operation in China, also online, not a bad stock to hold at this stage, cannot give recommendation on buy or sell, nothing fundamentally wrong with this..target entirely depends on gold price
GREYSTAR (TSE:GSL): we hold Greystar in our portfolios..first of all, it is Columbia, closest ally of US currently in South America..prospect pretty large..Columbia risk, seems to be strange to me..South Africa much more violent country but people more willing to invest in South Africa but not Columbia..Anglogold in Columbia, could be a possible purchaser of Greystar
OSISKO EXPLORATION (CVE:OSK): one of the stocks that I came in too late, slightly under $10..brokers kept stock to themselves..town bolt right on property, but quite amenable to mining taking place..vast reserve but maybe priced in right at the moment..drilling adjacent property, perhaps several million ounces adjacent..quite happy with fundamentals..if you put metrics that AGNICO-EAGLE (NYSE:AEM TSE:AEM) paid for Cumberland, could come up with higher price
PAST PICK GOLDCORP (NYSE:GG TSE:G): one of my liquid stocks in gold, I am quite happy with it..unfortunately with these big stocks, would do better in gold metal than gold shares, big companies poor performers relative to gold price..action seems to be in smaller companies
MERIDIAN GOLD (TSE:MNG): been an enigma in the sense that they have good operations, management but does not seem to go anywhere, lagged..hit in whole bunch of problems in Argentina..exciting exploration projects, seem to have found equivalent Chilean deposit..outlook seems good, question is if it is going to be takeout target..a consolidator could come in so I am holding it for a white knight to come in and take this out
GBS GOLD INTERNATIONAL (TSE:GBS): operations in Australia, low-grade, highly leveraged to gold price..I think you are holding it for leverage..they will surprise in earnings
GOLD EAGLE MINES (TSE:GEA): we hold it in one of our portfolios, up in prolific Red Lake area, Goldcorp had origins there..there is actual gold belt which passes through..quite a large prospecting area..you are paying a lot by faith in company, I think they have potential but it is a bit risk at this stage
AURELIAN RESOURCES (CVE:ARU): beleagured at the moment with Ecuadorian politics..if anything this is good opportunity..10-15 million ounces..I do not think politics all too uncomfortable..new president US-educated economist, not a thug..smoothing out of problems right now..good thickness and continuity of ore body..13% decline since the beginning of the year an opportunity
https://robtvgold.blogspot.com/