Trey Wasser

Gold Stock Earnings to Shine in 2007

Sylvain,
In this article I only highlighted stocks on the BMO earnings list. I have never done a report on MNEAF, although I love the stock. It is a great story with a mine coming on line this year. They are partnered with Hochschild who operates 3 mines in Peru. They are a quality operator in South America. Rob McEwen owns about 30%. At todays price they are not really cheap in my matrix at $3500 and $400, but the San Jose mine is a "bootstrap" operation. Meaning they are getting the mine going for cash flow to explore the rest of the property. They have only explored about 5% of the known mineralization and have already found a third vein that will add to reserves. This is a very high grade area and I believe reserves will grow into the millions. They are also partnered with Xstrata on the Los Azules copper project. Early results are very encouraging.
MRB is another great story. Cash flow this year and partnered with Xstrata on El Campo. Not mentioned here as it was not on the BMO list.
I use $3000 and $200 because that is about the average of alot of companies and representaitve of recent buyouts of jr producers.