DESCRIPTION: Kent Exploration is a mineral exploration company, with a portfolio of properties highly prospective for gold and silver, base metals and coal mineralization in the western United States, western Canada, western Australia and New Zealand. The company intends to spin off the Australia and NZ properties into a new company.
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.TGR: You mentioned earlier that some of the equities still are undervalued and they need to catch up, even ones that have had some good appreciation in 2009. Can you share with us some of those companies that represent some good investment opportunities?
VG: Certainly. Kent Exploration is one I've recommended. Investors who bought it originally when I first talked about it at 4 cents are very happy. And at 22 cents now, I'm still not recommending to sell it because there's quite a bit of room for appreciation on Kent. They have these assets in New Zealand and Australia that have gold on it already, but they've done some work on the project already and came back with some of the results. Some of them, for example, of 80 grams a ton.
So it's certainly a very prolific area and Kent's right in the heart of it. I think they're going to see a lot of appreciation based on those numbers. Kent's still only worth in the neighborhood of $8 million at the most, so it's still a very undervalued company. Based on these results, I was actually very impressed and think that it wouldn't be unrealistic for the company to double again from here.
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The Gold Report Interview with Victor Gonçalves (01/29/10)