Saturday, December 01, 2012 1:15:57 PM
Source: Zig Lambo of The Gold Report (10/15/12)
TGR: Do you want to talk about some of the companies that you like?
GM: I divide my recommendations into exploration, development, production and permitting situations. In the first eight years, we had great success with exploration stories and a few development stories. Now I'm more oriented toward a combination in the portfolio, but looking more at companies that have cash flow. Because of the volatile nature of our markets, I'm looking at companies that can still deliver a big upside, yet have cash flow so they don't have to be constantly going back to the market to do financings, which dilutes current shareholders.
I like a company called SilverCrest Mines Inc. (SVL:TSX.V; SVLC:NYSE.MKT), located in one of the best areas of Mexico. There are certain areas of Mexico I don't like, but this is in a good area. The company is currently working through all the startup bugs, but it's banking money hand-over-fist, with over $35 million (M) cash and growing every month. It's using that cash flow to find more ounces around its mine site.
SilverCrest also made a new discovery in another location in Mexico that's looking very promising. The stock price was around $1.65/share over the summer and it's at $2.39/share now. That shows it's in a quality mining spot and is a company to watch. I think the stock will break out to a new all-time high along with silver prices. That should take SilverCrest to a $6–8/share buyout by a midtier company. I'm very bullish on SilverCrest right now.
http://www.theaureport.com/pub/na/14561
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