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John C. Boland

John C. Boland
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  • Buy Seabridge Gold's Dirt, Dirt-Cheap And Buy It Now [View article]
    Nice collection of invented numbers from Hyper, nothing more.
    Jun 20, 2014. 10:02 AM | 1 Like Like |Link to Comment
  • Gold Standard Ventures: Uncovering The Mysterious Beauty Of The Pinion Gold Oxide Deposit [View article]
    Excellent update.
    Jun 18, 2014. 06:04 PM | 1 Like Like |Link to Comment
  • Buy Seabridge Gold's Dirt, Dirt-Cheap And Buy It Now [View article]
    I doubt that it will silence the bashers on this subject, but this morning Seabridge announced a signed agreement with the Nisga'a nation (the only one affected by KSM) for support of the environmental permit.

    Whether one wants to be long a gold developer's shares depends on other things--a view on gold, a view on risk-vs-prospective reward--but after years of shaking one scary sock puppet after another--"ooh, the resource is faked!" "ooh, it's a fraud!" "ooh, it'll never get permitted!"--the bashers and their short-selling sponsors had better run the numbers on what their positions will look like if Seabridge works.
    Jun 17, 2014. 11:01 AM | Likes Like |Link to Comment
  • Buy Seabridge Gold's Dirt, Dirt-Cheap And Buy It Now [View article]
    Pebble is in Alaska and subject to a politically swayed EPA. KSM is in BC and is not.

    As for the price of gold, of course it's critical. No one would be looking at any of these companies from the long side without having a positive bias on gold. The only material question is whether--given that bias--Seabridge offers enormous potential upside for every dollar of risk. The answer to that is so obvious that I don't know what most of this discussion is about.
    Jun 16, 2014. 12:05 PM | Likes Like |Link to Comment
  • Reexamining Offshore Drillers: Buy, Sell Or Hold? Part 3 [View article]
    Good fact-heavy report. Thanks for this.
    Jun 12, 2014. 10:06 AM | Likes Like |Link to Comment
  • Buy Seabridge Gold's Dirt, Dirt-Cheap And Buy It Now [View article]
    Good analysis. I would add that with friendly shareholders controlling a significant part of the stock, investors have some protection against a too-early buyout on the cheap. Moreover, the company has done an excellent job of converting inferred resources to reserves; it's reasonable to think this trend will continue to increase the reserves at Seabridge.
    Jun 10, 2014. 12:57 PM | 1 Like Like |Link to Comment
  • Revett Mining: With Challenges, This Stock Is Priced Like An Option But Has Multiple Upside Catalysts [View article]
    Good report on a spec with high potential reward vs. risk. I would only add that while "geopolitical" risk isn't a factor, Montana supplies enough political risk on its own, both from litigious greens and--for example--the maneuvers of the ex-governor against neighboring Mines Management.
    Jun 10, 2014. 09:46 AM | Likes Like |Link to Comment
  • Alamos Gold - A Top Mexican Mid-Tier [View article]
    Nice report. I might add that Mexico's decision to raise its tax on mining companies probably didn't help.
    Jun 3, 2014. 09:42 AM | Likes Like |Link to Comment
  • Gold Standard Ventures: The Secret Of The 4th Gold Window On The Carlin Trend Being Disclosed [View article]
    It's a fine analysis. Big question is whether GSV can remain independent long enough for shareholders to get a substantial part of the upside. This is of concern pretty much across the board in deeply undervalued juniors.
    May 27, 2014. 06:58 PM | 2 Likes Like |Link to Comment
  • Exeter Resources: Investors Should Expect A Higher Share Price Or A Buyout [View article]
    Viewing XRA as a bargain with buyout potential doesn't preclude similar judgments about PZG and Rye Patch. The sector is dirt cheap. Buyouts can happen anywhere--for better or worse.

    As for anchoring, that isn't an issue, or shouldn't be. Because the sector is so cheap, the companies not only are good present values but also represent cheap calls on higher metals prices. The question isn't what one paid to get in but whether the present value and option value remain in a current investor's hands or end up in the portfolio of an acquirer.
    May 18, 2014. 11:07 AM | Likes Like |Link to Comment
  • Exeter Resources: Investors Should Expect A Higher Share Price Or A Buyout [View article]
    Excellent analysis . . . but for a long-time holder the prospect of XRA being bought out at a 40% premium is almost as dismal as the prospect of its wasting away. The best hope is that a bidding war might develop as it did for nearby Cerro Casale, which ran Arizona Star from about $3 to $16 or $18 (I've forgotten which: it was back in 2007, when owning gold shares was fun). More recently,Hoschild bought neighboring Andina for a 100% premium, but that worked out to only about $17 an ounce. The disturbing thing about a sector this hammered down (disturbing beyond the fear it might get worse) is that acquirers, not existing shareholders, may end up with the long-term upside in these properties; it's hard even for a management that knows the value to reject a buyout offer that comes at a significant premium to a depressed market price.
    May 17, 2014. 05:17 PM | 2 Likes Like |Link to Comment
  • Canadian Discounts On Gold And Other Precious Metals (May Update) [View article]
    The pennant supports Piard's comments. I would also agree that the price could go lower (alas) rather than higher out of that formation. Since the tradeable supply doesn't depend on current production, the $1200 marker could be irrelevant for a long time. Sensible essay that claims no more than it can support.
    May 16, 2014. 10:08 AM | 1 Like Like |Link to Comment
  • Veris Gold Is 80-90% Undervalued And Benefiting From Improving Production Trends [View article]
    Your analysis is reasonable. The question is whether this gold loan with Deutschebank can be managed, especially the current liability. The way management has launched an offering into tax-selling season (nobody who wants a decent price sells anything during tax season) and has walked the stock down could be interpreted as desperation, and that's ominous. I own a bunch of this. Normally I would be buying more this time of the year. But the DB agreement is a deterrent. And you notice how little management has done to address the situation.
    Nov 28, 2013. 09:13 AM | Likes Like |Link to Comment
  • Veris Gold Drama Is Only Good For Those With Money [View article]
    The shrinking value of the equity versus that DB loan, particularly the amount that is in current liabilities, is worrisome, Mariusz.
    Nov 27, 2013. 10:03 AM | Likes Like |Link to Comment
  • Open Letter To Major Shareholders Of Veris Gold [View article]
    I've read the notes. Given the shares' dismal action, I'm wondering what British Columbia law says about the standing of creditors like DB who are also major shareholders.
    Nov 26, 2013. 10:41 PM | Likes Like |Link to Comment