It’s one thing to find promising, organic growth companies selling at less than their book value. But in the case of Coral Gold, it even has more CASH in the bank than its market cap!
And that’s because this “sleeper” has already had some major success as a project generator of sorts in the prolific mining State of Nevada; recently closing on the sale of one of its key projects to Barrick Gold.
But besides the cash windfall, Coral also ended up with a sliding scale, unlimited royalty on its Robertson Project; one which could eventually be worth FAR more than the market seems to understand. Between the cash, royalty and the other exploration projects Coral owns, its shares are as compelling STILL today as they were a year ago, when they were selling for a fraction of their current level.
Cornerstone Capital Resources (TSXV-CGP; OTC-CTNXF) has continued to power higher almost all year. Now the company is positioning itself for an eventual takeover of the Cascabel Project – and key investors are loading up!
I have for some time now viewed Seabridge Gold (NYSE-SA: TSX-SEA) as my favorite company for trading gold’s swings. Its volatility is due chiefly to its owning some of the highest levels of gold reserves in the world in British Columbia, anchored chiefly by the flagship KSM Project. Thus, as I have long written, I view Seabridge as I once did the old Bema Gold (acquired by Kinross just over a decade ago) — as the BEST, leveraged play in the gold space; a “long-term, unexpiring call option on gold” if you will.
But even a great many that follow the metals space have been asleep as Seabridge has become something even more than that. Beyond perhaps the best leveraged play on the gold price, the company now boasts total copper resources as well of some 35 billion pounds.
And most recently, billionaire hedge fund manager, philanthropist and gold bug John Paulson chose Seabridge as the company he wanted to place perhaps THE elite exploration play in the U.S. into!
Read all about this transformed, powered-up company!
The Abitibi Greenstone Belt in eastern Canada is one of the premier mining regions in the world; and one where a new wave of both discovery and consolidation in the industry is underway.
One of my themes these days is to find THE elite stories/plays here and get my Members in before everyone else catches on. We have already done that with one previous recommendation; Falco Resources has more than tripled since I urged buying it, despite the gold price being essentially unchanged.
I.M.O. the next big story to burst out will be Monarques Gold, an explorer and possibly soon a producer which “ticks all the boxes” as you’ll read in this report. Its best attribute is that analysts/institutions are only now finding out about it!
Two big long-term investment themes right now are:
1. Stabilizing energy prices (albeit at lower levels than their extremes of $100+ per barrel for oil and double-digits for natural gas) while global demand stays strong and
2. More aggressive infrastructure spending the world over, as governments seek to make up for weak economic growth otherwise and as the necessity of decaying old infrastructure and burgeoning new populations demand it.
Enterprise Group is a company with a presence in both sectors and –as of this posting and Special Report — has clearly turned a corner following the energy slump of the last few years. But even after some recent strength in its share price it still sells for scarcely more than a third of its book value!
In this summation of my recent two-week trip to Ecuador, I discuss the resurgence of that country’s mining industry and opportunities; a story that most investors and even analysts are as yet unaware of. Among other things, this means that those who learn what I have uncovered and written and act to take advantage of many a ground-floor opportunity (among others, I discuss one of my recommendations, Cornerstone Capital Resources, and it having a piece of what is widely believed to be the next world-class copper/gold porphyry in NW Ecuador) could be happy they did!