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September 2nd 2010 "Rocket Ship To Ground Control" - Engines Are Ready For Take Off-
Over the past few weeks I have mention some great plays with upside potential. Most of these are trading much higher from when I first recommended buying these stocks. But,..I believe we haven't seen nothing yet because all these stocks have great projects, exploration upside and are considered take over targets. Bayfield Ventures-BYV, Exeter Resources, Canacol Energy, Canaco Resource, Great Basin Gold and Silver Quest Resource Oceana Gold and Torex Gold. I would also like to mention Copper Fox has been doing well lately. The stock has moved up as much at .20cent in the month of August. We are now starting a strong season for gold and Copper Fox just might surprise everyone- expect lots of news this fall from all these companies.I increase my position yesterday in Exeter Resources-XRC - which is now my biggest holding.
This is what I think about the stocks I justed mention above.
http://www.youtube.com/watch?v=AyggY_R3jU8
YNG and AMC had their run up after my recommendation. I have noted these are turn around plays that could do well as we get a strong gold price. For those who sold the next day after my recommend did very well for a day trade. For those who bought on the spike, you can do 2 things. Sell and don't look back or hold on if you think management can deliver. You have to decide how much risk you can handle when playing stocks that have been beaten down.
Over the long weekend I have alot of homework. I have at least 5 gold stocks that I believe are still under the radar and has lots of upside. I will mention them next week and will have some new coverage on my Sept 2010 Update Page.
September 2nd 2010 Don't Miss The Boat On Both These Stocks -Exeter Resources & Bayfield Ventures
Take advantage of any weakness. Plus,..do you due diligence before investing.
Over the next few days or weeks. Both these companies should be releasing news that could propel their share prices to new highs. 1st. Exeter Resources-XRC "Monster Project" Caspiche- below is their current resource which will be increased some time this month. Drilling will continue again in October to further increase the resource that will be out this month. I personally believe Caspiche could host over 80mil.oz by the time drilling is all said an done on the project. I also believe by this time next year Exeter Resource won't be around and one of these 2 majors Barrick/Kinross will take them out. Most likely it will be Barrick because Kinross wouldn't want to dilute their shares further due to the Red Back Mining deal. Today, we saw some weakness in the stock. Take advantage of down days, because these prices won't be around for long.
The new gold equivalent endowment of Caspiche using only gold and copper now stands at:
INDICATED RESOURCES: 23.9 million gold equivalent ounces +
INFERRED RESOURCES*: 17.8 million gold equivalent ounces.
You also want to see who are the neighbors- Barrick and Kinross. Caspiche Project is the biggest in the region.
Exeter’s Caspiche Project in Chile (option to own 100% from Anglo American Chile Limitada) is a gold-copper porphyry system, a type of deposit common to many of the world's largest open pit gold-copper mines. It is located 15 kilometres (8 miles) south of Kinross Gold's Refugio mine (+6 million ounce gold resource), and 10 kilometres (6 miles) north of the very large Cerro Casale gold-copper deposit (24 million ounce gold resource), owned by Kinross Gold (25%)and Barrick Gold (75%).
2nd -Bayfield Ventures-BYV -the stock had a great day. We should see some more drill results any day now. If they continue to look great and consistent then we should see much higher prices. So far, results have been similiar to Rainy River-RR gold project which is attached to BYV's property. I am sure Rain
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