Gold Stocks Information and Comparison
- Thread starter Parag0n
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Interesting Kennas once I input the current SPs. How did you come up with this list? I know you're big on PRU and AZM but what about other offshore miners like RED in Philippines and MSR in Kyrgyzstan (thanks for adding KGL earlier) and TGF in China? I've been playing with explorers with a small e (BCN, EKM, RSN and more recently RNG which commenced production this week at 40,000 oz p.a.) and wondering if I should set my sights a little higher.
Sean K
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Was initially just my own gold watchlist from years of watching, and other members added some ideas. Just a work under construction really that will continue to be added to as things change. Might be relevent for some time. I've been out of the market completely for a little bit, even though I still like those relatively cheap explorers with what seems to be good upside. Waiting for the GEC to sort itself out before getting back in. Might be a 5 year holiday... lol
I've added data for some other miners, being RNG, RED, MSR, BCN and EKM and interesting to see the potential with those under 40 EV/oz Au, especially if they are likely to be low cost producers. Particularly fond of EKM which I picked up around the same time as PRU and KGL, and have all served me well over the past few months. Also keen on recent find MSR in Kyrgyzstan and note PRU is their major shareholder at 27.9%.
Still comfortable with the others I've added that show higher EV/oz Au given their drilling schedules and likely upgrades shortly. AAM on your list has been capturing some interest lately and expecting news soon so will probably grab a few of those tomorrow.
Lastly worth keeping an eye on TGF (Tianshan Goldfields) which will acquire COV in Feb with 2 TGF shares for 1 COV. TGF has sold their Chinese operations for $US28m and identified Corvette's prospects not far from Tropicana (AngloGold Ashanti Independence jv) as better value. With plenty of cash they have outlined an intensive drilling schedule for 2010 and may be in the right place at the right time.
I'm struggling to confine my play portfolio with all the glittering gold propects and the compelling GSM as well as some current oil plays. Having fun, though probably not as much as travelling Latin America. All going well in 2010 (ASX holds up and heads towards 5500 by end year) we'll be on the road again ourselves in 2011
Sean K
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Nice work Donga, thanks.
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I think i've mentioned this before, but would anybody be interested in a more collaborative effort on this project via Google spreadsheets - of course, if Kennas is willing to share his 'baby' this way?????
Sean K
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UF, I tried to do this ages ago, but getting it set up was a nightmare. Well, for me it was anyway.
Very happy for you to take the data and create something more workeable.
Having said that, I would hate this data base to leave ASF...
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The idea is that you could use forms for those willing to input data and also have live data which updates in near real time.
Mmm... leave ASF....maybe have it shared only with those with registered ASF accounts...although as it is now anybody can view/use it anyway?
Main point is that some of the data in the current file is wrong, so going to Google it will always be correct?
I shall have a go at something then see if it is suitable??
Goldnerds have a subscription service for the truly dedicated....
Sean K
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Yeah, would be nice to compete with them FOC.
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Gold gurus
Did you notice the gold price slumped in India by a massive amount. How that matters ? India and China are two major consumers of gold oranments and jewellery. This is the month when Indian marriages are held pushing the gold price to great high. If at the peak season, gold price has dropped down massively then in lean season gold will be very bearish.
http://www.kitco.com/charts/popup/au24hr3day.html
Hope by the morning when I get up every thing will be sweet .
Did you notice the gold price slumped in India by a massive amount. How that matters ? India and China are two major consumers of gold oranments and jewellery. This is the month when Indian marriages are held pushing the gold price to great high. If at the peak season, gold price has dropped down massively then in lean season gold will be very bearish.
http://www.kitco.com/charts/popup/au24hr3day.html
Hope by the morning when I get up every thing will be sweet .
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Gold is different in that speculators will give it a variety of reasons to buy/sell other than fundamental consumption.... Think "reserve currency" or "inflation hedge" rah rah rah.....About 40% of global production is consumed by Indian/Chinese jewelery production & this is down 30% from this time last year, so the dynamics are changing. A one night dip in Indian trade is almost irrelevant... Keep an eye on long term trends in the US dollar for a better idea of where we are headed imo.
Sugar/Wheat/Fertilizer etc etc hold true to consumption supply/demand more so than gold..
On the stock side, my pick: SAR....Been riding this baby for a little while now...First pour in March.. Huge tenements with a bunch of drilling yet to be done in world class gold belt... State of the art infrastructure including almost new mill...Cashed up....No debt... etc etc
Sean K
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SAR does look a little cheap for a developer on the updated table here.
How the heck AND is commanding such a valuation at the moment is a bit bamboozling. Almost $500 an ounce while significant producers are averaging around the $130 an ounce mark.
Any other stocks to add to the list, or incorrect info here?
Sean K
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Opinions Divided on Australian Gold Stocks
BY ANDREW NELSON - 19/01/2010
Share Cafe
There's little arguing that gold prices have started off the year on a fairly positive note, with prices pushing to one-month highs at US$1160/oz, which is less than US$70 shy of the all-time high reached in early December. Yet while prices were supported last year by a surge in investor appetite and the swing in official sector flows and closures of hedged gold sales, the question remains: can the physical market continue to rise in 2010?
Where gold goes, so do gold miners. For analysts at Deutsche Bank, gold remains a preferred sector and commodity and while the metal is trading in line with the broker's 2010 forecast of US$1,150/oz, a 2011 forecast for US$1,250/oz certainly leaves room for upside. Yet while the broker sees continued support coming from central bank diversification of reserves and investment holdings, it believes the US dollar could become increasingly less helpful in the year ahead.
(continued....)
BY ANDREW NELSON - 19/01/2010
Share Cafe
There's little arguing that gold prices have started off the year on a fairly positive note, with prices pushing to one-month highs at US$1160/oz, which is less than US$70 shy of the all-time high reached in early December. Yet while prices were supported last year by a surge in investor appetite and the swing in official sector flows and closures of hedged gold sales, the question remains: can the physical market continue to rise in 2010?
Where gold goes, so do gold miners. For analysts at Deutsche Bank, gold remains a preferred sector and commodity and while the metal is trading in line with the broker's 2010 forecast of US$1,150/oz, a 2011 forecast for US$1,250/oz certainly leaves room for upside. Yet while the broker sees continued support coming from central bank diversification of reserves and investment holdings, it believes the US dollar could become increasingly less helpful in the year ahead.
(continued....)
Wysiwyg
Everyone wants money
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Wondering what happens to gold stocks when the glow is off the metal? Do they go into an eternal downtrend (like 27 years) until gold price recovers. Like a kid walking the streets, head down with hands in pockets kicking stones in a nonplussed way.
I'm sussing a fledgling, hedged goldy with plenty of upside in gold production and another mineral venture but hey, I don't want a long term hold if their expansion is snuffed by a POG out of fashion.
I'm sussing a fledgling, hedged goldy with plenty of upside in gold production and another mineral venture but hey, I don't want a long term hold if their expansion is snuffed by a POG out of fashion.
If/when POG retreats your junior will be like that kid shuffling down the street from my recollection
Got somewhat excited about MSR, developing a large resource that may attract a bigger player in Kyrgyzstan but quit them after concerns on their time frames. DMG is in the box seat in China with 2.7M oz and could start production fairly soon pending gov't approvals. Haven't added these to Kennas list yet but will get around to it.
Started thinking about re-rating that usually happens as a junior gets into production (also reduces nagging POG concern to some degree) and put together this list which may trigger comments and research. Be interested in adding others and I hold five of them.
FML: MC$194m 1.9Moz resource last 6 months 0.025-0.077 now 7c
SAR: MC$183m 3.0Moz last 6 months 0.18 - 0.48 now 44c
NAV: MC$57m 1.3Moz last 6 months 0.14 - 0.23 now 14c
AAM: MC$62m 1.7Moz last 6 months 0.13 - 0.42 now 36c
RNG: MC$68m 0.6Moz last 6 months 0.02 - 0.05 now 4c
MCO: MC$45m 0.9Moz last 6 months 0.15 - 0.48 now 40c
GOA: MC$28m N/A last 6 months 0.013-0.058 now 3.5c
NME: MC$20m 0.4Moz last 6 months 0.16 - 0.30 now 24c
Just added GOA to my holdings - from recent merger of Gold Aura with Gold Anomaly and start producing 20k oz p.a. Brazil in March to fund exploration and developments at their larger PNG tenements, one ex BHP before they withdrew. This recent ann summarises them well enough
http://imagesignal.comsec.com.au/asxdata/20091217/pdf/01023535.pdf
Be interested in any comments or information on other juniors going into production shortly.
So_Cynical
The Contrarian Averager
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Ill give you an update on my holdings...TRY has done a capital raising, so shares on issue are now 87,455,889 - there last quarterly had them treating ore grading 4.22g/t gold at there Brazilian mine - Andorinhas.
The new Casposo mine is on target for production in September quarter 2010, just 12 months after project construction commenced and 18 months after project acquisition, Troy have had some drilling/sampling sucess there and an update to the Casposo Mining Reserve is now expected in April 2010...current Indicated grades for Casposo are 7.9 Gold g/t Au_eq
http://www.try.com.au/default.aspx?ContentID=70
http://www.try.com.au/default.aspx?MenuID=25
EVG issued a ****e load of 15 cent oppies (231,453,160) expiring 31 Dec 2011....and they still have a crap web site.
MDL have announced plans to double the capacity of the Sabodala gold plant to approximately 4.0 Mtpa....gold production tipped to be around 200000 ounces annually...they have also started exploring again around Sabodala.
http://www.mineraldeposits.com.au/user/files//Announcements/2010/100004MDL.pdf
Sean K
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A few of us have been saying this or a while now, but very little has actually happened.
We'll be right eventually. Of course.
Barrick brings WA Africa-focused gold companies into play
KATE EMERY, The West Australian February 22, 2010,
WA's African gold players are tipped to face fresh corporate interest in the wake of Barrick Gold's $US3.7 billion ($4.2 billion) plan to spin off its African assets.
Barrick's $80 million bid for Perth junior Tusker Gold earlier this month had already sparked speculation the big miners were on the acquisition trail. Its latest move has analysts suggesting consolidation among Africa's gold players is all but inevitable.
http://au.news.yahoo.com/thewest/bu...s-wa-africa-focused-gold-companies-into-play/
Stocks mentioned : PRU, ADU, CDT, AZM, RSG ...
We'll be right eventually. Of course.
Barrick brings WA Africa-focused gold companies into play
KATE EMERY, The West Australian February 22, 2010,
WA's African gold players are tipped to face fresh corporate interest in the wake of Barrick Gold's $US3.7 billion ($4.2 billion) plan to spin off its African assets.
Barrick's $80 million bid for Perth junior Tusker Gold earlier this month had already sparked speculation the big miners were on the acquisition trail. Its latest move has analysts suggesting consolidation among Africa's gold players is all but inevitable.
http://au.news.yahoo.com/thewest/bu...s-wa-africa-focused-gold-companies-into-play/
Stocks mentioned : PRU, ADU, CDT, AZM, RSG ...
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Hi Jack,
You will probably get more of a response if you ask this question in the LGL thread: https://www.aussiestockforums.com/forums/showthread.php?t=599
