|$$$ At Discovery Board, we focus on speculative plays in natural resources. Mostly gold and silver. Sometimes other precious metals, rare earth, or energy. We are not immune to trading, but we buy and hold core positions is special situations that we think have promise.|
I see the market here being fickle about exploration plays so I have reloaded with plays that are more attuned to the price of precious metals. Targeting gold at 1500 per troy ounce.
$$$ GOLD PRODUCER ~ Claude Resources, CGR / CRJ.TO. I own the warrants, CRJ-WT.TO. Strike price of c$1.60, 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.
$$$ SILVER EXPLORATION International Northair. INNHF.PK/ Drilling for silver in Mexico. Big money backers.
$$$ GMV Minerals GMV.V / GMVMF.PK Gold exploration in Guyana. Lots of good property around Sandspring, GUY.TO. Drilling heavily this spring.
$$$ High Desert Gold, small cap low shares out gold drill play with project in mexico and project in nevada drilling this spring 2011. 60 cents. HDG.V / HDGCF.PK
$$$ GOT.V Golden Touch Resources, a rollup of two spec gold plays with decent properties in Albania. Paid c1.81 for a starter.