Canadian Small Caps
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Here's hoping that everyone on this Board is carrying some silver stocks in their portfolio. If you're interested, check out a couple of good & solid Canadian juniors that are also traded in New York, First Majestic and Great Panther. First Majestic up about 13% in the last two days, Great Panther up 27%. The outlook looks good for silver this year for a number of reasons. Demand is growing both as a precious metal and for industrial uses, supply is relatively tight, the historic trading ratio between gold and silver is stretched and most investors are still not into precious metals so demand can increase substantially for these stocks in the coming months. There are bound to be ups and downs but, in my opinion, you can't afford not to be in silver in some way.
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NUS on the TSE:
Nautilus Minerals Inc
Is the first company to commercially explore the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver.
The world's first seafloor copper-gold project, Solwara 1, is under development in Papua New Guinea. The project will mark the launch of this new deep water seafloor resource production industry.
The Company plans to grow its tenement licences and exploration applications in the exclusive economic zones and territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands and New Zealand both regionally and across the world.
Nautilus has among its cornerstone shareholders three of the world's largest resource companies. Teck Cominco Limited, Anglo American PLC and Barrick Gold Corporation as significant shareholders and its alliances and technical partnerships position it as the world leader in deep water exploration and development of minerals systems
These guys seem to have a pocket full of cash but that disappears quite quickly in the exploration business.
High Risk!!!
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Probably a breakout.Originally posted by edward View PostThat's an interesting one! What are you waiting for?
These show up on my scans evey so often.
I'm just looking for chart patterns.
Like I said I don't usually play the juniors. I concentrate on stocks trading over $20. Burned too many times with the pennies. Lost opportunity is better than lost dollars.
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That's an interesting one! What are you waiting for? BTW, of the three that I mentioned, two are producing and profitable mines. That's really what I prefer to get into. Have another look at Great Panther though. It's listed on the TSX and in NY. $3.40 the last I recall and I'm expecting something like $6.00 by the end of the year even if silver doesn't go nuts. Production is expanding, the resource is expanding and it gets more profitable with every move that silver makes. Prophecy is an interesting story too. Mongolian coal mine that has just gone into production for the Chinese market, second mine on the way along with their own coal-fired power plant to produce electricity for a country starving for it. An absolute steal at current price IMO. Thanks for your tip!
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Not my type of stocks. Got burned too many time playing Vancouver years ago.Originally posted by edward View PostCommissions are included in my number. My only other real expense is my subscription to Globeinvestor Gold, everything else that I use for information is free. I guess my style is relatively aggressive. I tend to focus on junior resource companies. Right now I'm heavily into silver, gold, coal and potash. If you're interested, have a look at Great Panther Resources, Allana Potash and Prophecy Coal. Some huge gains possible in my opinion but do your own due diligence as they say. Cheers!
Check out RVC.V (No position)
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Canadian Small Caps
Commissions are included in my number. My only other real expense is my subscription to Globeinvestor Gold, everything else that I use for information is free. I guess my style is relatively aggressive. I tend to focus on junior resource companies. Right now I'm heavily into silver, gold, coal and potash. If you're interested, have a look at Great Panther Resources, Allana Potash and Prophecy Coal. Some huge gains possible in my opinion but do your own due diligence as they say. Cheers!Tags: None
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