WASHINGTON, D.C. – Overnight almost, we are seeing sharp ticks higher in select speculative resources: gold , silver and copper mostly. Many of the hottest this month are south of the USA border: Mexico. Colombia. Peru.
It must be the lime. For example:
“Always been a great company, and now the Ixtaca Zone numbers (in Mexico) have people really interested. I think it could really run here,” Mr. Day says. (Photo: Adrian and a friend of ours at dinner in D.C.)
Almaden reported the goods: 300 meters of 1 gram gold. The stock went nuts. But more prospectors than I’d care to count have come up with decent numbers this summer … and the stocks have gone nowhere. Antioquia Gold in Colombia (TSX: V.AGD, Stock Forum) is one.
“We have the huevos, the pods, the eggs, lining up, but the company won’t get credit for an extended gold resource until we connect more dots,” says Robert Casaceli, a structural geologist who examined Rick Thibault’s Antioquia Gold and its thin-vein Cisneros pockets of mineral. The stock, which we purchased here at home after I viewed Cisneros twice this past winter and spring, has been pitiful in the face of steady and sturdy drill data.
The same holds true for Sandspring Resources Ltd. (TSX: V.SSP, Stock Forum), whose John Adams and family this very day are conducting a tour at Toroparu in British Guyana. We sent our Stockhouse editor Sean Mason down to poke around with Sandspring’s Abraham Drost, Wes Adams and crew. I bought the shares after having seen Toroparu myself: lots of copper and gold, some of it visible. Yet the stock has done nothing in the past three or four months.
- Flip side of the coin: In Peru, copper prospector Antares Minerals (TSX: V.ANM, Stock Forum) and its Haquira copper project (net present value of $1 billion after-tax at $2.25 copper price and sicounted 8 percent) is getting respect. Next door, Xstrata (OTO: XSRAF, Stock Forum) and (OTO: XSRAY, Stock Forum) is gearing up for vast infrastructure on its Las Bambas copper property. I have viewed both projects. Antares shares, as foretold by CEO John Black to our Ticker Trax audience, has gained 40 per cent in a matter of days. (We do not own it here at home.)
“One of our most immediate challenges is to make the project as well known to the general investing public as it is to the world of companies interested in acquiring an asset of this quality,” Mr. Black tells me. “We are taking steps to answer this challenge with a near-term goal to see our market capital rise to a level more appropriate for a project like Haquira.”
- In Mexico, First Majestic Silver Corp. (TSX: T.FR, Stock Forum) has its mine operating earnings on full thruster. Up more than 600 percent for the quarter vs. a year ago. More lime for the silver coconuts down Mexico way. The stock pops 5 percent in a day (today – Monday). Someone saw this coming. In earlyu August the shares were $3.70 Canadian. Now they’re $4.40.
- Others shaking the stupor of summer down lime way south of the border include Continental Gold Ltd. (TSX: T.CNL, Stock Forum). This is geologist Stuart Moller and Toronto financier Ari Sussman’s vast collection of Colombia gold properties. I have seen the Buritica property in Antioquia, Colombia, so I understand why CNL, with its stock now at a heady $4.40 Canadian, is headed toward premier status among a crowded collection of Colombian gold producers and prospectors.
- Colombian prospectors of interest: Mercer Gold Corp. (OTC: BB: MRGP, Stock Forum) and its Guayabales property. I love the fact that Guayabales, which I have seen, is within throwing distance, figuratively, of rich El Marmato. Also, the interest of a longtime friend, geologist and former Haywood banker Edward Flood, intrigues me. (We here at home do not own it.) Gran Colombia Gold (TSX: V.TPR.H, Stock Forum), a new company fronted by Colombian financier Serafino Iacono, is front and center. As stated in the quarterly today from EL Marmato owner Medoro Resources (TSX: V.MRS, Stock Forum Medoro is in the process of completing an agreement with Gran Colombia under which Medoro and Gran Colombia will establish a joint venture “to operate and develop the Frontino Gold Mines gold assets, expected to be acquired by Gran Colombia later this week.” We have high hopes for the old and troubled Frontino Mine. Medoro’s shares, alas (which we have owned for ages), are not faring well these days. Neither is another El Marmato-area gold prospector and one of our Ticker Trax Planetary Prospects: Colombian Mines Corp. (TSX: V.CMJ, Stock Forum).
NEW ORLEANS: This autumn I will be making two or three appearances outside of prospect tours. One of them is in New Orleans, where I appear each year at Brien Lundin’s New Orleans Investment Conference.
If you’d like to join our Stockhouse and Ticker Trax audience at the late-October show, please register and pay up at this link: REGISTER FOR NEW ORLEANS. You get a large discount on the price at that address. It’s my favorite investment show – along with the longstanding San Francisco conference in November.
- ON TAP:Properties I have visited or are on tap for further investor exploration for Ticker Trax include Timberline Resources (AMEX: TLR, Stock Forum) and (TSX: V.TBR, Stock Forum) in Montana. Butte Highlands is the name of the fast-developing mine. We own no Timberline shares. Also: Gold Ore Resources Ltd. (TSX: T.GOZ, Stock Forum) in Sweden is on our to-see list for early September. I own about 3,000 shares of Gold Ore at a price of 55 cents Canadian or so a share.
- STUFF: Our Ticker Trax landing page has more stuff, videos included. Please see: https://stockhouse.com/TickerTrax/Default.aspx.
Ticker Trax™ is in place 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 significantly in the span of two years, maybe less and maybe more. We hope you out there in the Stockhouse audience consider joining our expanding service, now in its 21th month. It is at www.tickertrax.com. Needy wanna-be subscribers can petition Stockhouse with a plea and a suggested price for the $399 service at members@stockhouse.com.
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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.
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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™ and Thom Calandra’s reports from the field are distributed by Stockhouse Publishing Ltd.Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra is a broker or an investment adviser. 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 and Stockhouse do not purport to tell or suggest the investment securities that subscribers or readers must buy or sell for themselves. Subscribers and readers of Ticker Trax and Thom Calandra’s freely available Stockhouse articles are asked to conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any losses or other damages caused by a reader’s reliance on information obtained in these 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 representations or warranties, expressed or implied, are made as to the accuracy or completeness of those opinions. All information contained in Ticker Traxshould 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 and Thom Calandra do not receive compensation from any companies that are mentioned in these reports. Companies hosting research tours sometimes pay for travel expenses. 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 and in Stockhouse articles and will disclose when such ownership occurs. PLEASE DO NOT E-MAIL OR CALL THOM CALANDRA SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Copyright 2010 all rights reserved.