Symbol Lookup »
($$) Newsletters »
Self Directed Investor Inc
Newsletters ($$) »  Email alerts (free) »  RSS »
SDI: "Empowering investors with ideas and education"
$$  Newsletters  |  FREE   ♦ Articles · Videos · Calls  |  TOPICS  ETFs · Earnings · Economy · Energy ·  ♦ Gold · Income · Personal Finance · Trading

WELCOME!

The Gold Stock Strategist analyzes leading junior gold producers and major gold mining companies.

Comments are welcomed!

Thursday, May 15, 2008

Busy Time at the Hard Asset Conference in NYC

I attended the Hard Asset Conference on Monday and Tuesday of this week. According to veterans of past NYC Hard Asset Conferences, this one was sparsely attended.

It was a busy time as I visited with about two dozen junior gold mining companies, looking for more emerging producers. There were a few producers identified that were not on my radar screen like High River Gold, Alexis Minerals, Great Basin Gold, Timmons Gold, and Petaquilla Minerals.

While there, I sat down with representatives from a few companies on my valuation list including Metanor Resources, San Gold Resources, Jaguar Mining, Western Goldfields, Jinshan Gold Mines, and Apollo Gold. I also visited with representatives from New Gold.

The highlight was meeting with Metanor’s management at the conference. I learned that Metanor was mentioned in one of the regional newspapers. It was listed as the top performer for 2008 among companies in the Montreal Index. The drill program at Metanor’s Barry Project is going very well and everything is moving ahead on schedule at the mill. The mill is running 24/7 for shareholders.

San Gold was also there. I spoke to Arness and he was excited about San Gold's exploration program. I don't own San Gold any longer, but still think it is a nice exploration play with their aggressive drilling program in the gold rich Red Lake area. The stock price is more dependent on proving up the resource than increasing production at this point IMHO.

As time permits, I will update my valuation list by adding the five emerging producers visited this week. It will take a while to synthesize and work through all the information gathered on the companies in NYC.

Junior gold mining companies (emerging producers and explorers) remain undervalued compared to both the price of gold and major gold producers IMHO. Let's hope that changes soon.

Cheers!

Gold Stock Strategist

============================

Full disclosure: I own shares in several of the companies mentioned above. The information provided in this post is believed to be correct, but not guaranteed. Investing in junior gold miners entails risks. Readers are responsible for their investment decisions. Do your own due diligence.

2 comments:

Anonymous said...

Scott, just wanted to say thanks for identifying Gold Resources in your piece on valuation of near term producers. Caught my eye and I started the DD, liked it. I haven't had time and funds to establish a full position yet, but the initial buy was at $5, showing a gain of $1 and more today. The opportunity I see in Gold scares me. Too much concentration, altho I'm still way overweight Moly, holding my Mercator and Thompson Creek and then heavy in met coal as well, for a play on steel. thanks again, and BOL! Dan Ross

goldstockstrategist said...

Dan, thanks! I'm still assessing Gold Resource. The financial metrics are attractive. But they have had problems as they move into production. I need to look over their balance sheet and other financials before doing a full valuation. Thanks again for the kind comments.

Gold Price Chart--Interactive

HUI "Gold Bugs" Index--Interactive

Breaking News!

    follow me on Twitter

    Gold & Mining News

    Seeking Alpha on Gold and Miners

    Lijit Search

    Disclaimer and Copyright

    Gold Stock Strategist receives no payments from companies in exchange for coverage. The Editor does own and authors may own and trade stocks they mention.

    Nothing in goldstockstrategist.com is intended to be investment advice, nor does it represent the recommendations by goldstockstrategist.com or other authors.

    The reader accepts information on the Gold Stock Strategist with the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.


    The information on the Gold Stock Strategist is solely for the entertainment of the reader and authors.

    The Editor reserves the right to delete material deemed inappropriate for goldstockstrategist.com.

    ©2008-2009, Nystrom & Associates LLC, All rights reserved and protected under US copyright law.

    FEEDJIT Live Traffic Feed

    ABOUT US »   ADVERTISE »   CONTACT US »   TERMS OF USE & PRIVACY POLICY »
    SDI Featured Articles | Self Directed Investor | Copyright © 2008 - 2009, All Rights Reserved

    Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of Self Directed Investor, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will Self Directed Investor, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

    SDI is associated with: ValueForum.com -- participation in SDI's conference calls is available exclusively to ValueForum members. | MarketNewsVideo.com -- weekly SDI videos are produced by Market News Video. | TickerTech.com -- stock quote content is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist.com -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.