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Gold Stocks Information and Comparison

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OK, to add in the msn auto thingy, follow Wrong'un's comments provided in the IO comparison thread.

Adding RMS, but but can't find their total JORC? The DIO thing is ongoing by the look.

KGL added.

Note:

When I started putting this together lots of gold stocks were below what was considered an 'average' for junior explorers, developers and producers. For example, the average EV to oz au for a West African explorer was supposed to be about 30 bucks. At that time we had the likes of AZM, PRU, ADU, GRY all trading lower than that. AZM was at $5 an ounce at one point...However, now, they are all practically DOUBLE that! Yeah sure, POG has exploded, but what happens when the spec money comes out, USD corrects back up in the short term (probable). I think we'll see the valuation here come down quite a bit. Of course, USD could just go straight down couldn't it?
 

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The attached report is a recent review of the Australian Gold Industry and includes a good review on many of the gold stocks in Aus. A good combination of producers, explorers and both.
 

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rbourne1 said:
The attached report is a recent review of the Australian Gold Industry and includes a good review on many of the gold stocks in Aus. A good combination of producers, explorers and both.
Click to expand...
Thanks for that:
"Lonsec’s short-term view on the gold price remains positive, although it may require an unusual event or set of circumstances for gold to break out of its recent US$880/oz to US$980/oz trading range."

It's a touch out of date, but, still provided some great reading. Learnt something from it, cheers.

PS:->Bought my first ever gold stock today, AAM. Only plan on being in for a short time; they begin mining on Monday
 
you're right ricee007, it is a few months out of date and not too many people would have predicted 4-5 months ago for gold to be where it is today. Still, it gives people a selection of stocks to consider if they want exposure to the gold sector.
 
Just read somewhere (kitco I think) that Ghana is going to double mineral royalties to 6%. If true, there's a nice way to dent the industry. I mean, if you want to increase revenue why not just add a half a percent here and then there over time instead of making news? Idiots.
 
rbourne1 said:
not too many people would have predicted 4-5 months ago for gold to be where it is today.
Click to expand...

You're right of course...not too many people have over 45% of there portfolio in gold stocks either....but i do because i knew this was coming.


Lets just hope some of those extra $s filter down to services and development for the people.
 
rbourne1 said:
you're right ricee007, it is a few months out of date and not too many people would have predicted 4-5 months ago for gold to be where it is today.
Click to expand...

are you serious? There are a whole bunch of ppl who bought into gold 4-5 and even a year ago (more than a few years ago even) due to this, especially when the IMF decided to offload, it's the perfect buy opportunity. I may have misunderstood the context, at which I apologise.

BTW - well done though, sounds like you'd've made a tonne nice
 
I think he was just saying that USD gold has performed extremely well the past few weeks.

Some didn't expect gold to perform so strongly in the short term. Elliot Wavers were calling $600 ish just before the breakout. I guess they are turning into a good market indicator.
 

Yes, I was commenting on Lonsec's opinion of the outlook for gold. They're a research house so naturally they're a tad conservative in their predictions. You are right that the market or most people are bullish on gold but if you asked them where the price will be in 4 - 5 months, I'd be surprised if more than 50% could get within $100.
 

Agree rbourne1 the price could be anywhere between $US1000 - 1400. In any case, what I liked was their explanation about the activity lull in the 90's and the opportunity for so many miners to shine now that Gold is looking to stay above $800 for some time. I like the ones expanding their JORC resources and/or heading into production in the near future. Expect I'll learn more about the pitfalls along the way.

Many thanks for sharing the analysis which I will refer to from time to time. I liked the potential upside of TGF from the report, and will keep a close eye on it, now trading at .105 with market cap of $28m.

Best of luck all gold diggers
 
I am quite surprise by both ends of the scale here.

At the bottom end there are companies that seem way undervalued and at the top there are those that seem overdone.

Then in the middle, who knows....

Odd one's out imo are:

Anything under $40 an ounce is potentially undervalued.
Anything over $150 an ounce is potentially overvalued..

Drill down to make your own assessment.
 

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Re: Gold Stocks Information and Comparison - HEG

Does anyone have the relevant info for Hill End Gold (HEG) ?
 
Re: Gold Stocks Information and Comparison - HEG

solomon said:
Does anyone have the relevant info for Hill End Gold (HEG) ?
Click to expand...

Production costs at $500 oz, so good profits to be made at present

$20M odd cash for operations from cap raising (options) aiming to be producing 40-50K oz within next 9 months...

1200km² holding with 75km² confrimed strikes at producable rates...

Has good ex BHP staff....

Disc - may own from time to time
 
WOW this slump in the POG will hit the miners quite bad.

POG about $1160 as I write. A drop of about $40.
 
Yep, should be some pain on Monday. Is it just the overdue correction, or end of the run? Longer term, if the US continues printing and borrowing, then it's just a correction. Wonder what happens if hey change policy?
 
kennas said:
Yep, should be some pain on Monday. Is it just the overdue correction, or end of the run? Longer term, if the US continues printing and borrowing, then it's just a correction. Wonder what happens if hey change policy?
Click to expand...

I'm no economist, but I don't think there's any realistic prospect of the US reducing its borrowing in the short-medium term, which is bad news for the USD and good news for gold. Almost certainly a correction I would think.

On another note, Kennas, have you ever looked at GDO? I notice its not in your gold stock spreadsheet.
 
I'm new to stocks and even newer to gold. I have been watching Australian Mines Ltd (AUZ). which have traditionally been a nickle mining company but have made the commitment to Gold. Does any one hold this stock? Is it worth a look? It has been bouncing along the floor now for some time( $0.001 - $0.002), is there any chance of recovery from their current SP given the information that they have shared? One comforting thing is that it can't fall very far I would love to hear some feedback from traders that know the Aus Gold industry.
 
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