Re: What are the 3 best stocks of 2010?
in response to
by
posted on
Dec 18, 2009 04:46PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Ok... I'll bite on this one.
1) KXL - we all know about this one. Target $1.50 + (need some discovery like news to shake this one out of its coma and the endless selling pressure must subside. Hopefully this is mostly an EOY issue).
2) TTQ - an extremely underpromoted moly junior. 700+ million lb deposit with an updated PEA coming out in Jan/Feb which should increase this closer to 1 billion lbs. Environmental application end of 2010. 30 year mine life and currently in discussions with Chinese partnership (off-take, financing etc...) o/s low at about 50 million shares, located in BC, great access and infrastructure already in place, likely moving to the big board 2nd quarter 2010. If you want to know more message me or we can take this off topic. Current price 50cts, Target $1.50 + (needs to do some PR)
3) ML + Phase II online early 2010... takeover of SKY complete Monday which they got for fire sale price IMHO. Current price $2.30, Target $4. (need the infrastructure rebuild to really take hold to deplete metal inventories so that metal prices reflect fundamentals more than speculation).
4) CPN - I used to own this years ago... this is a highly risky play, but its time may have come. They will annouce about 10million ozs in Romania in an updated PEA late January or so. The new government in Romania is pro mining and have publicly said that they want Gabriel to start their mine (which has been on hold for about 3 years). So... this bodes well for CPN to move up as investors will look at the very attractice area plays. However, the fall out over the past 2 years has caused heavy dilution... so definitely a bit of a flyer. I have dipped my toes in this one, but that is about it.
5) TCM - not much to say about this one. World's largest pure Moly producer. If economy turns then this will hit $18+ currently around $11.50.
I could go on and on... there really are many juniors and resource stocks that will do extremely well in 2010 "if" the economy continues to improve. It is almost like shooting fish in a barrel. I'm weighted more heavily in juniors once again because I believe that they will get a better lift as a sector in general and specific juniors are still way undervalued. (KXL and TTQ would be 2 top of list).
My one caveat is if economic Armageddon #2 hits, then all bets are off as I quickly scramble to buy TSX double down ETF!!. Speed bumps are commercial real estate and sovereign bankruptcies creating a seismic ripple through the financial system again. ALl investors need to watch these events closely. If they do happen, everything will get pounded again, but I do believe that gold will rebound first and hit new highs - hence my portfolio remains a little more shewed towards gold stocks.
Go forth boldly or don't go at all!!! :)
M. Z.