easy jay

Coeur d'Alene: Mining for Money

CDE and HL both seem ready for their day in the sun. Both have been through recent rough times, CDE really gambled and had to do the 1-10 split but they have survived and look ready to have big returns. The Kensington Supreme Court decision made them a must buy when it came out and the stock was in the 12. area. Still looks like a good buy. HL a big gamble as well but they seem to have drawn four aces. Another must have for the precious metal investor. I have owned HL on and off for 35 years and I still remember 1979 when they were the most up stock on the NYSE. HL's Lucky Friday mine is the motherlode of all time. I just read their report and it said that it is getting richer at depth. I mean really richer......

Northgate Minerals: Another Junior Miner on the Move

NXG has its hopes riding on the Young-Davidson project. This is the big upside for the stock. Kenmess North is only a distant possibility but Young Davidson will have a 14 plus year llife with 175,000 ounces of gold per year at a net cost of 450. per ounce. Production start up in 2012 with 25 million spent last year out of total spending to date of 55 million. This is a big project just like Kenmess was. Pre feasibilty study due by end of June 2009 and could move stock price. Full Feasibility study due by end of 2009.

The Rise of the Silver Surfer

Great Panther is an interesting silver play...Mines in Mexico bought on the cheap, about two years into production, just starting to make money. Bought two thousand shares myself last Friday, paid 48cents canadian or about 43cents US. it was a 1.50 stock before last summer. Just got caught up in the big declines. I like Hecla as well especially after they finally bought out Independence Mining Company. Took about thiry years to finally settle with Independence. Independence shareholders got one share of HL for each Independence. HL was 10.50 so this seemed like a good deal. Six months later HL was 99 cents. INDL had a share of HL's Lucky Friday mine. Lucky Friday is the motherlode of motherlodes. It has been in production 60 or so years and as they go deeper it gets richer. HL is one of the few US mining companies and has always been a boom or bust situation. Looks like it may be ready to be in the boom department.
CDE has watered the stock to stay alive. I think the management of Great Panther is better connected locally and is not exposed in Bolivia like CDE is. Reverse splits never work out too good for the shareholder and CDE is about to go 1 for 10. In my opinion CDE's management are good financially, but not so good operating mines. Just my opinion..... For full disclosure, I have owned both CDE and HL from time to time since 1979. I currently have a few thousand of each, more of HL. GPR I have low five digits of. I think all investors are best with the physical. I like USA Silver half dollars , pre 1964,and USA silver dollars., 1935 and earlier. Average Circulated is the grade to buy. I do not like bars and ETFs are just another paper obligation likely to be defaulted on if the price goes up a lot. It never hurts to have some real silver. It is getting late in the game and there is not much time left to get a position.

Can Claude Resources Catch Up with Its Peers?

Claude haqs a lot of promise and it may be that this is finally its year. The Madsen Project was at one time a major league producer and the potential is still there. Claude is spending a lot of money on exploration and it has all the infasturcture required at Madsen Red Lake. This could be a big winner but only for the patient.