We went through our notes and thoughts on many of the company we visited at the NY Hard Assets Show last week and recorded some of the most pertinent sections for posterity. We tried to separate the discussion by company and have posted individual videos (more like audios) for each one. Below we’ve stitched the content back together in order to create a compendium all in one place. We apologize for the audio quality; we are still experimenting to find the best software and equipment. Hopefully there is some useful information in these vignettes not only about the companies but also how we analyze and approach our investment decisions. Questions on any topic that is not clear should be left in the comments section below or in the individual vignette posts.
Aurcana Corp. (TSX-V: AUN; Pink Sheets: AUNFF)
The above video also has some quick thoughts on Great Basin Gold and Gold Resource Corp. towards the end.
For those who are curious about where the Silver Producers stand against one another, here’s our valuation range chart assuming an 8% discount rate and current metal prices.
Obviously there are lots of caveats for the above chart that we don’t have time to go over here, not least of which that a lot of the financial and operating data needs to be updated…and in most cases that is going to lower the target range given cost inflation.
Includes brief discussion of VMS Ventures which owns substantial stake in the company and probably offers a lower-risk opportunity for exposure to potential for major new nickel discovery in Greenland.
Disclaimer: We own several of the above companies (Darwin Resources, East Asia Minerals, Great Basin Gold, Mawson Resources, Silvercorp, Tasman) and we do not receive compensation for our reporting or commentaries from any party. Aurcana, Mawson, Silvercorp and Tasman are Institutional subscribers of Metal Augmentor. This is not investment advice, which you should seek from a licensed investment professional.
David likes to eat. He has looked at more technical reports than just about any sane person. He can train Excel spreadsheets to bring his slippers and play fetch.