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Mining Top 25 for 2010 - 15 - Mosquito Consolidated Gold Mines Ltd.

http://www.caesarsreport.com/


This article was released during January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Price  C$ 0.95

Ticker  MSQ.V
O/S  60,385,706
Avg. Volume  60,366
Market Cap  C$ 60M
Sector  Mining (Mo, Cu, Au)
Countries Active  CAN, USA, Australia
Cash  C$ 0.9M


Company Statement

Mosquito Consolidated Gold Mines Limited is a Canadian natural resource exploration and development company with a diverse portfolio of precious and base metals projects in high return, low political risk environments in North America and Australia.
The company has high expectations for near-term low-cost production, and has no debt.



Positive / Negative

Positive:
GI-GAN-TIC deposit, other attractive projects, Chinese shareholders
Negative: Very high Capex (2.5B), will need to raise capital for ongoing expenses.

Main catalyst for 2010

- We hope that in 2010, the market will finally appreciate the value of the CUMO deposit.
- As we see that the Chinese are active in acquiring US and Canadian-companies, as we see they are already a large shareholder (15%), as we see they do have the money Mosquito needs (Short-term and long-term), and are effectively interested in Copper and Moly, as we see the Chairman of the board is a Chinese Citizen,
We wouldn’t rule out the possibility Mosquito will be bought out in 2010, or will sell the CUMO project.


This article was released during January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Disclaimer
Please read our full disclaimer on the website here.

Disclosure:
We hold a Long position in Mosquito Consolidated Gold Mines Ltd., this means we are biased, so please always do your own research.