TEN: Discovery Investing Catalyst

Morning Notes (04/18/2011)
"One of our favorites (and a company whose stock we own and who we advise) is Terraco Gold. This company is run by CEO Todd Hilditch. Just an update today, but two drills are turning on the company's newly acquired Almaden property in Idaho. This resource was first discovered in 1934 and has been successively mined for quicksilver, and then explored for gold since about 1980. Due to lower gold prices the property was never put into production. However, $1400 gold makes a big difference in so many ways. Terraco Geologist Charles Sulfrian is onsite and we expect to see results soon. This is, perhaps, the most important catalyst in Discovery Investing.

In case you have forgotten, or are not aware of the Terraco story, the Almaden prospect holds almost 1 Moz. of open-pittable gold; 887 holes and over 60,000 meters of drilling have been completed—quite a value in itself. Please remember that the company's Moonlight prospect in Nevada will also be drilled this year. Both properties are highly prospective for gold and the Moonlight for high-grade silver, as well."

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