Wednesday, January 2, 2013

Gold Companies Coverage

Primero and San Gold.

These are two companies that warrant a detailed study. They would qualify for my short to mid term investment criteria. 1-1.5 years. They both have been beaten up and had issues that for the most part seem to have been dealt with. Both have very good IRR's. I'll be looking into their resources and other metrics and will attempt to verify my thinking.

If Perseus were in a safer country I would consider them as well but from what I see coming on the political and enviro scenes this one will have to sit out for the time being.

For the production growth mid tiers Alacer Gold is the one to keep an eye on. By 2016 they should triple in price but I'm starting to feel that they could be taken out. These guys have met the markets expectations despite the market conditions and are undervalued.

Despite the disappointing results Goldquest needs revisiting.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2012) - GoldQuest (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) is pleased to present the initial data from an extensive IP survey and a summary of the 2012 drilling at Las Tres Palmas project, in the Dominican Republic, which includes the Romero and Escandalosa discoveries. The company has ordered a fourth drill rig, capable of reaching 700 metres, which will be mobilized in January 2013 to drill new targets. Assays from the remaining 9 holes drilled at Romero in late 2012 will be released in January 2013.
The Company is currently undertaking an IP survey covering the complete Las Tres Palmas trend and outlying areas in the Company's extensive land position, including Los Comios, Romero West, and Jengibre. This survey, conducted by Insight Geophysics, will investigate to a depth of approximately 500 metres, which is almost twice the depth of the 2011 IP survey that identified the Romero mineralization. Initial results of the current survey at Romero and north of La Escandalosa have identified deeper chargeability anomalies, where higher readings appear to correlate with sulphide mineralization (

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