Re: Jeb Handwerger on PRB
in response to
by
posted on
Dec 12, 2013 02:25AM
Mike,
Good catch! Thanks.
Just read this interview with The Mining Report (TMR). The answer below from Jeb Handwerger (JH) was for the question ( see below). This interview was quite comprehensive, among other things such as uranium it coverred mostly precious metals (gold, silver...) for projects elswhere in the world.
In Canada, PRB was singled out. JH bought some since PRB would fit in his outperform model (comparison between the stock chart with the index). He's just waiting for an upswing of these outprforming companies since the fundamentals show that they can weather this terrible market conditions.The upswing could be huge with large amount of cash on the sidelines and the covering of the short positions. What went down must come up eventually, fingers crossed, especially for PRB which has more than enough cash (~$32M) to expand further the high-grade zone. Winter drilling will begin shortly, perhaps in early January 2014 when the ice on the lake is thick enough.
http://www.theaureport.com/pub/na/jeb-handwerger-follow-the-fundamentals-in-mining-markets
Quotes from above link:
"TMR: Are you finding any gold opportunities in Canada?
JH: I recently took a position in Probe Mines Limited (PRB:TSX.V). Probe is developing the Borden Lake project in Ontario. It has made a high-grade discovery near infrastructure and has potential to expand. This project is a unique find because it's a totally new discovery. It may be a totally new district. The potential for it to be huge and grow is great. It's one of the few stocks that's outperforming in one of the toughest junior resource markets (underlined mine). The outperforming companies are going to be the first to build value for shareholders in the coming upswing. Probe recently announced metallurgy, which was very impressive with good recoveries and key for the preliminary economic assessment.
Jeb Handwerger is a newsletter writer who is syndicated internationally and known throughout the financial industry for his accurate and timely analysis of the equities markets—particularly the precious metals and natural resources sectors. Subscribe to his free newsletter, Gold Stock Trades."