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We recently looked at the 3rd quarter Market Vectors Junior Gold Miners ETF (AMEX: GDXJ) additions, deletions and rebalancing to identify speculative trade opportunities ahead of time. A free version of this analysis is available on Seeking Alpha here. After … Read More →
Last Friday, 4asset-management released its quarterly review of the Market Vectors indices. These changes are important because they essentially determine how Van Eck Global will… Login or Subscribe to Read More →
It is typical for me (aka Zurbo) and my business partner Tom (aka Silverax) to discuss the latest news and developments from explorers and mining companies for several hours each day. Rather than having the results of these discussions remain … Read More →
Other Expert Analysis »
One of the real low-hanging fruits has to be Canaco, which went from an $800 million (M) market cap a year ago to about $80M or $100M now. The stock has gone from $8/share down to $0.88/share and the company has only about $0.60/share in cash. But it’s worth $800M. Its intercepts are fabulous. No question whatsoever, it’s going to be a mine. It has no particular issues.
I thought it would be an interesting project to come up with my own [resource] estimate. So that’s what I did. As you will read, I had some difficulties, was left with a big question mark, but learned a lot along the way that will help me evaluate Canaco and Magambazi going forward.