TORONTO – A coven of gold and silver stocks is outpacing the pack.
In our Ticker Trax™ roster of 12 Planetary Prospects, top guns as precious metals notch gains this week include South Africa-Nevada gold producer Great Basin Gold (AMEX: GBG, Stock Forum) and (TSX: T.GBG, Stock Forum), Mexico and Peruvian gold-silver prospector Candente Gold (TSX: T.CDG, Stock Forum) and Mexico producer and prospector Endeavour Silver (AMEX: EXK, Stock Forum) and (TSX: T.EDR, Stock Forum).
Only one of the three, Joanne Freeze’s Candente Gold, is a fresh name in Canada. Candente Gold’s prospects in Mexico and Peru were the subject of three special Ticker Trax on-site reports in April and May. (Please view one of the subscriber reports here – for free.)
The recent driver for Candente Gold is its intended stock listing in Lima, Peru. Sister company Candente Copper (TSX: T.DNT, Stock Forum) is listed on the so-called BVL exchange in Lima and counts some fifth of its shareholders in the South America nation. Peruvians (and Colombians for that matter) have few choices when seeking locally traded natural-resources companies.
CEO and geologist Joanne Freeze tells me that when Candente Copper listed in Lima several years ago, almost $10 million worth of shares changed hands there the first week. Candente Gold’s EL Oro project near Mexico City sits 3,000 meters high on an arid plain dotted with the history of early 1900s mines such as Las Dos Estrellas. TheVeta Verde put out at least eight million ounces of gold equivalent from just two of 50 established veins. EL Oro exploratory drilling is now in its second month (Please see photo – Thom Calandra).
Our Ticker Trax take on Candente Gold: I was just as impressed with the Peru gold properties as the seemingly monstrous project in Mexico. Still, Mexico’s epithermal vein systems (San Rafael is the name of Candente’s down there) are capable of stunning levels of gold relative to the silver. These, Candente Gold director and doctor of geology Peter Megaw tells me, include deposits at Fresnillo, Pinos Altos and … in the case of Endeavour Silver, Guanajuato.
Endeavour Silver’s shares in Toronto and in New York are outpacing most silver stocks this week after the Canadian company said its Bolanitos Mine in Guanajuato State shows a vein intercept of what appears to be an average grade of 170 grams of silver and 2.14 grams of gold per metric ton across 9.88 meters.
John Adams and his clan: John Adams of Steamboat Springs, Colorado, and his family (three strapping 20-something boys, his wife, lots of ranch hands and doggies), plus a key partner or two, including Rich Munson, are the homegrown folks who started Sandspring Resources (TSX: V.SSP, Stock Forum) and its Toroparu gold and copper project in British Guyana seven years ago. I was at the project in autumn 2009.
In a three-hour meeting and dinner in San Francisco this week, I am as convinced today as I was eight months ago when I visited the project that this Guyana gold and copper deposit could become an extension of Kilometer 88 in nearby Venezuela.
In Ticker Trax this week, we declared Sandspring shares a speculative purchase. The company’s shares have traded in Canada only since November. Four or more gold companies have visited the project in recent months. I have learned via our network that several asset managers, one of great size, are lining up to purchase shares in the fresh gold name.
The investor audience this past spring has been hesitant about the Sandspring resource. The approximately $100 million market cap of the company might be “running ahead” of a project with a compliant estimate of “just” 2.8 million ounces of gold … and accompanying copper.
My take, having seen the chalcopyrite and other ‘open-pittable’ indicators of Toroparu, is that we will see some revelatory assays from John Adams’ Sandspring in coming months. Visible (as in free) gold? Possibly. I also see a faint chance that the handfuls of pebble-sized diamonds retrieved across the vast property might become a bookable asset.
Largely, though, it is a gold streak of mineralized visibility, possibly in the northern part of Toroparu, which could send these $1.40 Canadian shares to levels above $5 almost overnight. I intend to purchase shares as soon as Friday. That is today. (Indeed, Friday morning I purchased 3,000 shares of Sandspring, making me a first-time shareholder of the company. Sandspring has yet to be named a Planetary Prospect™of Ticker Trax.)
For more on all of the Planetary Prospects, please visit our Ticker Trax Library.
Ticker Trax™ is in place – and thriving – because its fiscal loyalty is to subscribers who are looking for radically cheap investments. Our service, started in November 2008, researches a select group of Planetary Prospects with legitimate shots at rising 1,000 percent or more in the span of two years, maybe less and maybe more.
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For more on our 12 Planetary Prospects, please visit the Ticker Trax™ Library.Thom Calandra owns stakes in each of the Planetary Prospects. Opportunities on our research plate (no coverage guarantees until named as Planetary Prospects) include … (available on request).
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Please see Stockhouse for a selection of our Ticker Trax research and our password-protected library for subscribers. Please see our Ticker Traxpassword-protected library for coverage of copper in Peru, gold in Peru, gold and copper in Colombia, gold in Ghana and silver in Mexico.
(All photos by Thom Calandra. Thom and his family own shares of each of the 12 Planetary Prospects. Thom’s personal holdings are available for all to see on Stockhouse, the Canada publishing company. Subscribers are informed well in advance of any shift in research regarding Planetary Prospects and any purchase or sales decisions.)
Ticker Trax™Please see tickertrax.com to learn more about this wealth service and its Planetary Prospects. For an index of free Thom Calandra articles, please click here. For an entire explanation of our strategies, research methods and disclosure procedures regarding all aspects of Ticker Trax and our Stockhouse reports, please visit our readily available Stockhouse articles. Please see this one in particular: Core Box Revealed. Thom Calandra’s on-site tours of properties are paid in part by the hosting companies and in part by Stockhouse and Thom Calandra. For the password-protected Ticker Traxlibrary, please see: www.tickertrax.com/Login.aspx.
HOLDINGS: Thom’s holdings are listed for Stockhouse members at www.Stockhouse.com under the “portfolio setting” for user TCALANDRA. It is public and free to view. He and his family own recently minted gold and silver coins and shares of about 30 public and two private companies.
THOM CALANDRA of Ticker Trax helps his audience find value in a quagmire of investment choices. Thom co-founded CBS MarketWatch and MarketWatch.com. As the voice of Thom Calandra's StockWatch and The Calandra Report, Thom pegged $300-ounce gold as a long-term hold in 1999 and in 2000. He has been covering life-sciences and natural resources since 1988.
Thom Calandra and Stockhouse produce this and other free reports. Please visit www.Stockhouse.com.
Ticker Trax™ is published by Stockhouse Publishing Ltd. Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra is a broker or an investment advisor. None of the information contained therein constitutes a recommendation by Mr. Calandra or Stockhouse that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax does not receive compensation of any kind from any companies that may be mentioned in the report. Any opinions expressed are subject to change without notice. Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax. PLEASE DO NOT EMAIL THOM SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Copyright 2010 all rights reserved.