Vista Gold Corp. TICKER: NYSE.A:VGZ; TSX:VGZ DESCRIPTION: To achieve its goal of becoming a gold producer, Vista is focused on the development of the Paredones Amarillos gold project in Baja California Sur, Mexico and the Mt. Todd gold project in Northern Territory, Australia. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia and the Long Valley gold project in California. For more information about Vista's projects, including technical studies and resource estimates, please visit their website.
Adrian Day, Adrian Day's Global Analyst
(07/19/10)
"Best buys currently are Vista Gold. . .down after selling of stock received by hedge fund holders of a convertible issue and further delays in its Mexican permits."
Chip Brian, SmarTrend (08/05/10)
"Vista Gold has the highest upside potential in the gold industry. . .as measured by potential gains between the current stock price and the projected average analyst target. The company has a potential upside of 1644.1% based on a current price of $1.36 and an average consensus analyst price target of $23.72."
Adrian Day, Adrian Day's Global Analyst
(08/10/10)
"Vista's stock price has been particularly weak recently, declining from nearly $2.50/share just three months ago to just over half that level. There have been fundamental and market reasons: gold's decline from June highs; ongoing delays in permitting for its Paredones Amarillos; a hedge fund selling of shares received in a debt redemption; and discussion of a resource tax in Australia all hurt.
Add to that some investor fatigue. Selling begets more selling. The selling is now overdone. Since hitting its low of $1.30 at the end of last month, Vista has been slowly moving back up. . .With nearly $30M cash and a resource (including inferred) of 17 Moz., Vista, with a current market cap of $63M, is clearly undervalued. It will only take some good news to get the stock moving back up."
Sean Mason, Stockhouse (08/19/10)
"Vista Gold shares climbed 15% to $1.98 on Thursday after the micro-cap miner reported estimated proven and probable mineral reserves of 2 Moz., as well as the results of a Preliminary Feasibility Study for the Batman deposit at the its wholly owned Mt. Todd gold project in Northern Territory, Australia."
Adrian Day, Adrian Day's Global Analyst
(08/19/10)
"Vista Gold released the preliminary feasibility on the Batman deposit at its Mt. Todd project in Australia. The study showed a profitable operation even using the three-year average gold price of $950, with base case reserves of 2 Moz. and costs of $487/oz., for a net present value of over $200M. That is more than twice Vista's total market cap ($89 million), even after the sharp rally in the stock price from under $1.40 for half of July and August to $1.91 on today's close."