$$$ At Discovery Board, we focus on speculative plays in natural resources. Mostly gold and silver. Sometimes other precious metals, rare earth, or energy. We are not immune to trading, but we buy and hold core positions is special situations that we really really think have promise.
CURRENT HOLDINGS:
$$$ RARE EARTH ~ Stans Energy - RUU.V / STZYX.PK Rare earth deposit with known metallurgy, existing open pit, plus beryllium deposit nearby, with good chance of growing both, in Kyrgyz Republic. Flirting with South Korea as a backer. STZYF trades pretty good in the u.s., not as much of a liquidity problem as some of the other pink sheeters.
$$$ Franco warrants FNV-WT.TO. Strike c$32, good until March 2012. Stock at thirty bucks. Warrants mid three buck level. I expect an upward revaluation on Franco assuming gold does not crash on us. The most important rationale for an upward revaluation is the Gold Wheaton acquisition now in the works. This will be cash flow positive from day one, I think.
$$$ GOLD PRODUCER ~ Claude Resources, CGR / CRJ.TO. I own the warrants, CRJ-WT.TO. Strike price of c1.60, good until May 2013. I am in this because sometime this year I think they are going to make an important announcement about reopening Madsen mine shaft and mill, which they own along with 10,000 surrounding acres of land that includes past high grade underground gold mines besides madsen.
$$$ EMERGING SILVER PRODUCER Xtierra, XAG.V / XRESF.PK Silver with a gold kicker in Mexico. Sprott Resources is a new investor. Float is much thinner than it looks at first.
$$$ EMERGING SILVER PRODUCER NO. 2, Argentex ATX.V/AGXM This one only has 55 million shares and some powerfully large silver/gold holdings down in Argentina. I am looking for drill results coinciding with silver fever in the spring. It trades pretty good in the U.S. market too.
$$$ GOLD DRILL PLAY SPEC ~ High Desert Gold, HDGCF.PK / HDG.V Thin float, and I think there's a chance that Fronteer will buy them out to get the Silica Hill eastern nevada property back to 100 percent instead of a JV with HDG on top.
$$$ GMV Minerals ~~ GMV.V / GMVMF.PK Gold spec in Guyana. Large properties with proximity to other players SSP.V and GUY.TO. Already being mined for alluvial. |
