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Stocks Y / Yamana Gold


Subject:  Re: Buy Date:  2/10/2010  8:44 PM
Author:  Matt1344 Number:  641 of 649

"Just bought at $10.46"

Hi Jes,

I have reduced my AUY holdings over the past year. I felt there were other places I wanted to put my money into, or maybe place my bets on more accurately describes my actions ;-)

The following is not a recommendation to buy, just something to consider, maybe do a little due diligence on and see if anything looks good to you and you want to add other miners to your portfolio. Some of them are not producers so they can be higher risk, and I consider all to be high risk... I also consider the dollar to be high risk should the Fed fumble the ball. I have no idea what will happen with any of these companies, or the dollar, so seek professional advice as needed.


Exeter(XRA): "[...] In October 2009 Exeter announced an updated National Instrument 43-101 (“NI 43-101”) compliant mineral resource estimate for Caspiche, for all drilling conducted to end 2008-2009 drill season. The inferred resource is 19.6 million ounces gold, 4.84 billion pounds of copper, and 40 million ounces of silver, or 32.4 million gold equivalent ounces (refer to October 20, 2009 News Release). The additional 12.8 million ounces of gold equivalent is calculated using a copper conversion price of US$2.00 per pound, a silver price of US$12.00 per ounce and a gold price of US$800 per ounce (assuming 100% recovery). The resource estimate leaves the deposit open for expansion to the southeast and to depth.[...]"

Note, Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. So if/when there is an updated 43-101 that moves these inferred resources into higher categories we MIGHT see some price increase in the stock.

You can watch or download their presentation here:

The big boys are looking at them in regards to the Caspishe deposit. Exeter plans to spin off the Argentine location into a new company, one share for each Exeter share to develop the Cerra Morro propety. Exeter has enough cash for another year so shouldn't be looking for additional financing. XRA is my second largest holding behind CEF.

Colosuss(COLUF.PK): An interesting video from 60 Minutes is interesting.

CCompany presentation Feb 4 2010:

These folks have a large deposit in Brazil, Serra Pelada: "[...] The Central Mineralized Zone at Serra Pelada was mined along about 350m of strike length to depths of about 110m. Vale drilling in this area encountered some remarkable intersections. For example drill hole FD-0032, 43m. (from 40m) assaying 4709g/t gold, 204g/t platinum and 1174g/t palladium (Cabral et al, 2002) (view long section of open pit). [...]"

Gold Resources(GORO.OB):


They have poured their first gold and have money in the bank. They look to self finance their project and management has a high percentage of ownership, unlike Maronne at Yamana. They have plans for a meaningful dividend, which I hope they carry through with, approximately 1/3 of cash flow.

You might want to visit the Mining and Metal