I had a chance to get detailed updates from several of our client companies while at PDAC. Here’s a brief update.
Anooraq Resources – Platinum and palladium have skyrocketed in price but have traded in a “stealth-like” mode. Most investors/speculators still have little or no exposure to them despite these big gains. Anooraq has become a “story” stock in this group and is really gaining traction as an up and coming producer. New management truly took the bull by its horns and has been on a world tour telling the story of this comeback kid. The fun may have just started. Stay tuned.
Crescent Resources – No announcement yet on how company will raise funds to drill this summer but the last batch of drill results from Evolving Gold and their own field work has made CRC management very eager to get the drill bits turning.
Crocodile Gold – No recent news has allowed the stock to take some gas. But in my biased but realistic opinion, has presented an opportunity for those not yet involved in this emerging producer with plenty of exploration potential.
Crosshair Exploration – There’s a growing buzz that the moratorium in Labrador to come off before its time in 2011. This can only help CXX.
Donner Metals – Continuing exploration success and the fact the company is closing in on earning its interest makes the thought of its joint venture partner taking out their interest down the road even more likely. Stay tuned.
Evolving Gold – Two potential world class projects, an ample treasury and drill season upon us should allow the share price to work higher into summer.
Farallon Mining – Management states they’re working on several fronts to drive shareholder value. Given the great job CEO Dick Whittington did in the face of a lot of adversity suggests we give him time to deliver on whatever he has in mind.
Formation Metals – Given the belief that the financing is a question of when, not if, the share price appears to have come to a point where speculators need to consider some ownership at these levels. Stay tuned.
Garibaldi Resources – I should have an update out soon.
Heatherdale Resources – Drill results are expected this week.
Northern Dynasty Minerals – Some deserving profit-taking came into the shares after challenging the $10 level. With the company moving closer to beginning the permitting process, the shares can hopefully start to truly represent the worth of this man mouth project.
Rodinia Minerals – There’s no denying the company has made great advancements on the corporate development side of things in the relatively short period of time I’ve been associated with them. But given this, the share price isn’t fully reflecting these developments. It appears the rare earth plays are now in the “Missouri” state – you’ve to prove you’re more than a survivor now.
Silver Quest Resources – 
I’ve gone crazy over SQI! I own about 4% or 2 million shares of SQI (I could sell tomorrow but need to disclose such a large personal stake). You can look at what I’ve said of late. I think just about all speculators/gamblers should own a piece and do so ASAP. Management tells me they’ve been overrun with interest since the news of Kinross’s takeover bid of Underworld Resources. There’s a gold rush in Yukon and I believe SQI is the next big thing up there. But despite this, they’ve several other projects that make this a compelling speculation.
Spanish Mountain Gold – An update should be out soon.
Starthmore Minerals – Uranium plays remain mainly on the defensive thanks mostly to a rather weak uranium price at the moment. But eventually the shakeout will be over and those players left with real assets will command great attention again. I believe STM fully qualifies for this.
Sunridge Gold – I was taken aback by the amount of success the company is having on the exploration side of things. If not for being located in Eritrea I truly believe the stock would trade at a multiple of its current price. We should get news on the Eritrea front from the U.N. soon so stay tuned.
Taseko Mines – Strap on your seat belt. The fun is just getting started.
Timmins Gold – The stock is going through a transition as it becomes an emerging producer. This is both healthy and sets a stage for a more lasting advance in the not –too-distant future.
