Gold Stocks Information and Comparison

[Ken]

I cut a page out of the fin review on the 26th of may.

HEADLINE REVIVAL FOR NEGLECTED METAL.

It basically shows all the market caps and returns.

I also had an email sent to me with all the research on about 15 producing gold stocks.

It has the stocks most leveraged for success with higher gold prices.

The stocks that really have massive potential are:

RSG and AVO, at $1000 an ounce Australian, RSG was valued at $7-$8. At the time RSG was $1.30 a share. There were risks involved with RSG as there operation was undergorund. Correct me if I am wrong but they had have issues before.


They had all the usual info like resource grades and IGR was head of list for most undervalued in terms of ounces. I think this was because they were looking for a 5th year to mine to get the mine going. I presume they have that 5th year now the share price has doubled from 13 cents to 28 cents.

SINGO gold is ramping up production from its jinfeng gold mine in china and hopes to bring its 2nd mine white mountain online by end of next year. Stage one of jinfeng will produce 180,000 ounces per year at a cost of $220 per ounce and plans to increase output to 250-300.

White mountain will produce 70-80 thousand ounces.

Gold may have been missed.

PSV now looks interesting considering they are 13 cents or so...

 

[blaze87]

just wondering what would be the avg Cash Operating Cost for asx companies...

also which gold company has the forecasted lowest Cash Operating Cost?

 

[michael_selway]

Re: Information regarding Gold Stocks

Troy Resources TRY is another producer going well...ive only been
holding for 7 weeks...and up over 25%

Troy is totally unhedged.

Hi its not too bad

Earnings and Dividends Forecast (cents per share)
2007 -- -- --
EPS 34.4 -- -- --
DPS 7.5 -- -- --

thx

MS

Business Description
Troy Resources NL (TRY) is an international gold mining and exploration company with main projects located in WA and Brazil. TRY is also engaged in gold and base metal exploration in Mongolia.

Company Strategy
TRY is hoping to become a significant profitable mid tier gold producer with a portfolio of quality long life assets. The company is currently producing gold from the Sandstone project in WA and Sertao in Brazil at a rate of 100kozpa. TRY purchased the Andorinhas Gold project off Agincourt Resources (now part of Oxiana) and is developing it to deliver 50kozpa of gold. TRY has a strong balance sheet with cash in excess of $80m. A significant land position in Australia, Brazil and Mongolia along with other strategic investments provides it with a number of growth options. A $6m exploration budget for FY08 is planned. Troy has repeatedly said it is in the market to acquire a substantial project, with a 1Moz reserve and a target production of over 100,00ozpa for a 10 year mine life. Exploration or acquisitions will need to occur to continue production, given the short mine life of its current projects. Troy Resources reported NPAT up 26% to $20.1m for the year ended 30 June 2007. Revenues from ordinary activities were $91.76m, up 7% from last year. Diluted EPS was 34.4 cents compared to 28.7 cents last year. Net operating cash flow was $34.45m compared to $24.93m last year. The final dividend declared was 7.5 cents, taking the full year dividend to 7.5 cents compared with 7 cents last year.

 

[numbercruncher]

All things considered, thread deserves /bump

 

[So_Cynical]

Still many near and small producers on my watch lists that have hardly moved...surely with POG
now above 910 USD tonight...the value SP's wont last long.


Wish i had some money...mmm maybe do some selling tomorrow.

 

[explod]

Still many near and small producers on my watch lists that have hardly moved...surely with POG
now above 910 USD tonight...the value SP's wont last long.


Wish i had some money...mmm maybe do some selling tomorrow.

What has happened of late is that the rise in the gold price has attracted new players. The gold bugs have been set for some time. The new investors will be first attracted to the blue chips, last week it was Newcreast that jumped most one day early in the week. Lihir Gold did ok as did SBM, RSG NEM AND and AGG. All the bigger ones.

Today they did not fare so well in fact some retreated but we did see a good jump in AVO 6%, which tells me that the newcomers have done a bit of research over the weekend and noticed that here is a good one that may have been a bit oversold last week.

Of the smaller caps, gold bugs have their fill so it will require some broker and news interest to get the newbies on board. I would wait till that starts and as we watch like a hawk we will know when that time copmes and when to strike. For me AVO at the moment. But just my very humble opinion of course.

 

[jman2007]

Yo Kennas,

Don't know if this is still your little side project or not, but here are another couple of sleeping giants that have been overlooked on your hitlist so far:

Perseus Mining (PRU)

Fully Paid Ordinary Shares on Issue: 131,952,468
Market Cap: 152M
Flagship Project: Ayanfuri Project in Ghana, West Africa. Exploration atm. Several other resources including Grumesa and Tengrela (Ivory Coast).

Ayanfuri as of Sept 2007 stood at 2.61Moz (indicated 637,500 oz; inferred 1,972,800 oz).

CGA Mining (CGX)

Fully Paid Ordinary Shares on Issue: 161,249,976
Market Cap: 233M

Flagship Project: Masbate Au project Phillippines.

Mining resource of 5Moz including a Probable Mining Reserve of 1.984Moz @1.65g/t. Should be in production Q1 2009. Hoping to achieve $US 306/oz.

They also have another Au project in Nigeria called Segilola, the countries most advanced gold project. Potential resource >0.8Moz.

Cheers
jman

 

[Sean K]

Yo Kennas,

Don't know if this is still your little side project or not, but here are another couple of sleeping giants that have been overlooked on your hitlist so far:

Cheers, have added and will have a revised list out shortly for review/discussion. kennas

 

[jman2007]

Cheers, have added and will have a revised list out shortly for review/discussion. kennas

Damn Kennas!....that was quick,

I'm very much looking forward to a review and a discussion of your findings once the initial data collection stage is completed.

Cheers mate

jman

 

[Sean K]

Here is the current list I have, with updated sp's. Some of the other information needs to be reviewed or expanded on. Any additions please post with as much info as possible.

Minimum requirement:

Shares on issue
Current sp
Current Au equiv resource base JORC'd
Explorer/Developer/Producer?
Notes on key project

If possible g/t and cash costs.

Cheers,
kennas

Screen shot below and doc attached...

 

[grace]

NAV Navigator Resources (currently hold)

Not just gold, but REO (rare earths + uranium yet to be jorced and a couple of other JV's).

GOLD 100% owned nav
JORC 870 000oz au (12.5mt @ 2.2g/t au)
A lot of recent drilling NOT included in JORC. Upgrade soon should put it over 1m oz. Nice grades from recent drilling. Surrounding Leonora (5 mills within 70 km radius). Has Fred Merton's discoveries ie Mertondale 2 parrellel shears 15 kms long each. Could find several million oz eventually (not my words, I read that). Target mid 2009 production. Low cost, open cut, shallow. Finding cost per oz $8.

Shares on issue 132 281 205 (no listed options)
Current sp $0.90
MC $119 mill
Explorer targeting production mid 2009.

I guess for valuation purposes, not a pure gold play, but interesting to see what it looks like just for gold.

 

[grace]

NAV Navigator Resources (currently hold)

Not just gold, but REO (rare earths + uranium yet to be jorced and a couple of other JV's).

GOLD 100% owned nav
JORC 870 000oz au (12.5mt @ 2.2g/t au)
A lot of recent drilling NOT included in JORC. Upgrade soon should put it over 1m oz. Nice grades from recent drilling. Surrounding Leonora (5 mills within 70 km radius). Has Fred Merton's discoveries ie Mertondale 2 parrellel shears 15 kms long each. Could find several million oz eventually (not my words, I read that). Target mid 2009 production. Low cost, open cut, shallow. Finding cost per oz $8.

Shares on issue 132 281 205 (no listed options)
Current sp $0.90
MC $119 mill
Explorer targeting production mid 2009.

I guess for valuation purposes, not a pure gold play, but interesting to see what it looks like just for gold.

I think their holdings were bought from insolvent Sons of Gwalia initially, so scooped a cheapy.

 

[Sean K]

NAV Navigator Resources (currently hold)

Included. MC to oz au = $136. Highish and possibly because of the other projects. If you could take the value of anything else off the sp then you'd get a better idea of it in comparison just on the gold.

Revised file att.

 

[lazyfish]

SAR (developer/explorer)

shares (m) - 187
SP - 0.37
MC(m) - 70
Au equiv (m) - 2.5
MC/oz - 28

Notes - owns infrastructure including a 2.4mt plant. Not sure about production date.

 

[grace]

MON Monarch Gold
Resource 5 million oz gold @ 3g/tonne
UNHEDGED

Currently mining (has done their first gold pour and winding up production). Production goal is 500 000 oz by end of 2009.

MC = $116 million
SP = $0.685
Shares 159 194 165

Compared to others, seems to be valued on the low side IMO. I hold. Chairman Michael Kiernan. Has bought infrastructure around exploration area. Is still drilling to add to resource on very nice prospective land.

 

[jman2007]

Hi Kennas,

Cheers for the updated analysis. Another couple of up-and-comers for you here, with a distinctly "local flavour":

A1 Minerals (AAM)

Fully Paid Ordinary Shares on Issue: 95,203,506
Market Cap: 27M
Share Price: $0.285
Flagship Project: Brightstar Gold Project, NE Goldfields.

JORC compliant resource for Brightstar of 1Moz @ 2.2g/t, grown at a rate of 300,000oz p/a for cost of $US 5/oz. PFS completed, no production decision for Brightstar as yet??

Crescent Gold (CRE)

Fully Paid Ordinary Shares on Issue: 581,000,000
Market Cap: 220M
Share Price: $0.38
Flagship Project: Laverton Gold Project (LGP), NE Goldfields.

JORC compliant resource (indicated) for LGP of 362,000oz @ 1.7g/t, global resource currently stands at 490,000oz measured and indicated, plus 970,000oz inferred. Cash cost forecast for LGP Aus $550-600/oz.
CRE fully de-hedged as of 11/01/2008 for all forward gold sales.

Disclaimer: Hold CGX and PRU, do not hold AAM or CRE.

Cheers
jman

 

[So_Cynical]

Keenas

IAU - INTREPID MINES LIMITED is a Producer, has been for 2 years at it Paulsen's mine in northern West Aust.

Market Cap: 49,811,179
Issued Shares: 166,037,266
last trade 0.30

All up JORC (approx) 600.000oz au and 10.6 million ounces silver

They also have a med sized project in late development in Argentina
and recently announced a Resource upgrade there.

"The highlight of the Resource Update is an increase of approximately 97,000 ounces (23%) of gold
equivalent in the Kamila deposit's global indicated mineral resources, comprising 55,000 ounces of
gold and 2,396,000 ounces of silver. This represents an increase to 368,000 and 10.6 million ounces
of gold and silver respectively"

I hold IAU...i also hold SBS

SBS - SUB-SAHARA RESOURCES NL Explorer

Market Cap: 37,085,829
Issued Shares: 501,159,859
Last trade 0.074

Approximate total inferred & indicated Gold resources, in excess of 1.7 million ounces
Has ground in Tanzania and Eritrea (Africa) JVs with Barrick and Resolute.

 

[Sean K]

Update attached.

Any ideas why MON looks so 'cheap' on a peer comparison?

 

[Spaghetti]

Update attached.

Any ideas why MON looks so 'cheap' on a peer comparison?

Two reasons.

#1 . Recently acquired Harmony gold and the resource included in your spreadsheet but not the liability, 65 mil.

#2. High cash costs, this will probably reduce over time.

 

[Spaghetti]

Have to include KAL

Market cap (including unquoted shares) 32 million

Shares on issue 174 mil (including unquoted 50mil)

Jorc 1.4 Moz avg grade 1.7g/t .....900,000oz indicated

last s/p .18c

early stage developer, scoping study underway.

notes : updated jorc due before end of Jan. Deposit Banded Iron Formation, shallow open pit, Selene deposit being on a slope that may reduce cash costs (according to intersuisse report on KAL website).