Hi eldo,
glaub überhaupt, dass es heuer viele Übernahmen gebn wird.
Bei genco hab ich mich zu früh gefreut. Kamen wieder zurück.
Da war gestern ein Spread von 2,7 bis 3,19.
Was sagt uns das?
Noch was von den babybulls:
Wall Street Journal Lead Article – Investors Rush to Gold - January 31, 2008
If we have ever witnessed a stronger buying signal for junior mining sector stocks, we can’t remember it!
Like the infamous “Shot Heard ‘Round the World” the leading story in yesterday’s Wall Street Journal is still resonating loudly hours after it hit news-stands early this morning due to the lead story splashed prominently across page one “INVESTORS RUSH TO GOLD”. It’s quite a coincidence (or maybe not) that this article breaks on the same day that GATA (the Gold Anti Trust Action Committee) took out a full page ad (at a cost of over $250,000) in America’s leading financial daily to announce their upcoming Washington DC Gold conference in April of 2008. This comprehensive full page color advertisement is a well written manifesto wherein GATA publicly calls out the US Treasury and other tier one central banking institutions to provide proof of net gold stockpiles (GATA has been waging a public battle with global banking institutions on the conjecture that the system has been running an orchestrated campaign for many years to keep the price of gold in check by flooding the market with the yellow metal whenever it heats up in price). The popular wisdom by this group now is that with many global gold bullion stockpiles sold off (or shorted), the banking consortium’s ability to continue to control gold pricing is becoming limited and we will soon see the demand for precious metals outstrip supply leading to rapid price appreciation for both gold and silver.
Lest we digress, let’s get back to main topic at hand here – which was today’s article on gold and how it is becoming a popular investment with both individual investors and more importantly the professional money managers that invest hundreds of billions of dollars in managed money. What this article represents is a public acknowledgement of what many investors have seen coming for quite some time. As the US (and EU countries) continue to print paper “fiat” money to prop up an underperforming investment market (with the most recent catalyst being the subprime mortgage meltdown), the US dollar is continuing to show major strain and points toward an inflationary economy. When that happens, there is a natural tendency for investors to seek safety in new vehicles that can more safely store buying power, and this is precisely what is now starting to happen. Both gold and silver have shown bright appreciation over the past few months as the broad global markets are getting pushed lower with sentiment continuing to sink as stimulus packages and fed rate cuts are deemed “too little, too late” by the experts.
Gold is now well above $900/oz and silver has appreciated over 60% in the last six months to over $16.50/oz. But many metals analysts see this pricing move as just the beginning of what could be a dramatic and prolonged precious metals bull market with enough steam to push gold into the $1,500+ range and silver to track up considerably from current levels. As evidenced by today’s Wall Street Journal article, these pundits might be on the right track.
We have been on the bullish side of the court for precious metals for quite some time with four of our client companies covered on Babybulls.com right in the middle of this market sector with terrific offerings in either gold, silver or a combination of both. We have provided a brief update for each of these well positioned junior mining companies below and continue to see these underfollowed companies as excellent opportunities to position for what we expect to be a very strong market for precious metals over the next few years as this current trend of investors allocating a larger percentage of their portfolios into hard assets continues.
With the push by professionals into the metals starting to occur as evidenced by today’s WSJ article, we fully expect the masses to follow in shortly and really kick this market into gear. As metals prices continue to appreciate, investors will seek out ways to get leverage into this market, which is where the junior mining sector will pick up considerable interest. In fact, relative to current metals pricing, junior mining stocks are possibly the most efficient way to enter this market as they already represent a huge discount to the current market (when considering market cap per oz of metal in the ground) and will see their operating numbers and net profit lines (cost of discovery/production as a percentage of gross metals price) improve dramatically with each move up in metals pricing.
Of course, where there exists the opportunity to realize high rewards, there exists a commensurate exposure to risk. That being said, we see the following companies as excellent ways to move into this market as each one looks to be at a historically low entry point and each has already exhibited an ability to locate material discoveries which should prove to help protect their downside, while they maintain excellent continued discovery potential providing for explosive upside.
Here is a quick look at our Babybulls.com precious metals clients that have excellent prospects already which would only improve as the metals markets heat up in interest with mainstream investors:
Silver Dragon Resources, Inc. (SDRG:OTCBB) - Silver Dragon Resources, based in Toronto, Canada is a pure play silver exploration group that is developing silver rich properties in both Mexico and China. Silver Dragon has completed a 43-101 report for it’s Cerros las Minitas property in Mexico and one of it’s China properties (Erbahuo mine) and is in the process of converting 122b (China) standards for the eight remaining silver property targets in the prolific Erbahuo silver district in Inner Mongolia to international 43-101 standards. Silver Dragon has already identified a significant silver resource at both it’s Cerros las Minitas property and the the Erbahou mine of combined 35 million + oz silver equivalent, and we expect this number to go up sharply as they continue exploration work in both Mexico and China as well as standards conversion at their 8 remaining China properties. With many seeing an even more dramatic appreciation potential for silver as it has both investor and industrial demand combined with the fact that silver could move up considerably to reach its more traditional ratio to gold pricing, Silver Dragon looks to be particularly well positioned for excellent value improvement going forward.
Additional information on Silver Dragon is available at http://www.babybulls.com/Profile_SDRG.htm and at http://www.silverdragonresources.com
EXMIN Resources, Inc. (EXM:TSX-V) – EXMIN Resources, based in Vancouver Canada is a gold and silver exploration group that has amassed one of the largest land packages of highly prospective lease hold interests of any junior mining group in the industry. EXMIN presently has over 22 separate high impact projects representing approximately 1.5 million acres (that’s is over 2,300 square miles!). In addition, EXMIN owns 30% of the Moris Gold mine, a 3,000 ton-per-day heap-leach operation operated by their joint venture partner, Hochschild Mining (70%) which is in production and is on track to produce in the neighborhood of 25,000 oz of gold and 60,000 oz for 2008. The two groups are looking to expand production as they aggressively drill on the property to extend the already significant discovery at Moris. EXMIN is also working with: world class mining group Industrias Penoles (BMV:MEX) on their Maguarichic property; Yale Resources on their Urique property and MAG Silver on their Batopilas property. We see a very bright future for this major land holder that has struck deals with a host of strong partners to build out their resource base and continue to pioneer new property holdings by staking. Additional information on EXMIN Resources is available at: http://www.babybulls.com/Profile_EXM.htm and at http://www.exmin.com
Golden Goliath Resources Ltd (GNG:TSX-V) – Golden Goliath Resources Ltd, based in Vancouver, is a mining and precious metals company focused on the exploration, development and operation of gold, silver, lead and zinc mining projects in proven mineral districts of Mexico. Golden Goliath’s primary project is the development and exploration of a historically prolific Spanish mining district in Chihuahua, Mexico known as the Uruachic Camp. The Uruachic camp consists of 7 principle mineralized zones covering over 20,000 acres (approx. 32.5 square miles) of which the Company owns a 100% interest. In addition to Uruachic, Golden Goliath has a 5,000 acre prospect in upper Chihuahua known as the Chamizal prospect and just recently struck a deal on its La Cruz property with world class senior miner Pan American Silver Corp. (PAAS:NASDAQ) for an aggressive discovery program. With its large acreage position in historically prolific mining land and deep pocket JV partners, we see great discovery potential in Golden Goliath. (a recent announcement from their drilling program in the Uruachic camp yielded a 21 meter section of 7.1 gram gold per ton, pointing to the discovery of a large near surface gold deposit). Additional information on Golden Goliath is available at: http://www.babybulls.com/Profile_GNG.htm and http://www.goldengoliath.com
Aurelio Resource Corporation (AULO:OTCBB) – Aurelio Resources, based in Denver CO, currently has two major projects in development, it’s Hill Copper-Zinc property near Bisbee, AZ which hosts a drill-indicated inferred (and third party verified) resource of more than 800 million pounds of insitu copper (at $3 copper this is over $2.4 billion worth) with considerable upscale potential, and it’s Gavilanes gold property in Mexico, which from initial drilling results has the potential of a resource in excess of one million ounces of gold. Aurelio is aggressively drilling at both properties to scope and delineate their resource base, and looks to have all the markings of a junior miner that is moving quickly up the ladder to senior status. With discoveries continuing at a rapid pace at its Arizona copper-zinc property, Aurelio is working on plans to build a large copper mine at the site and commence production, which would put them on the map quickly with a strong revenue base and upside discovery potential at their gold targets. Additional information on Aurelio Resources is available at: http://www.Babybulls.com/Profile_AULO.htm and at: http://www.aurelioresources.com
We will continue to keep you informed as these four junior mining groups with excellent prospects for upside appreciation work diligently to grow their respective resource base and prove out their business models.
Here is link to the full Wall Street Journal Article: Investors Rush to Gold: http://www.gata.org/node/5973
And a link to the GATA full page ad that appeared in today’s (Thursday’s) Wall Street Journal: http://www.gata.org/node/wallstreetjournal
Grüße
Tschonko