The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Undervalued MAD: A Buy at Current Levels
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Adrian Day's Global Analyst (06/15/2011)
"Another company with cash and multiple opportunities sees stock down—Miranda Gold is also down significantly; it was trading in the mid-$60s in early March. This is reflective of the overall market, and one where selling is often stronger in what are perceived as 'old stories.' But Miranda is a strong company with multiple opportunities for upside, a strong balance sheet, and is now very inexpensive. As we've discussed, Miranda employs the prospect-generator/JV model, focusing on Nevada and Colombia with one prospective property in Alaska. In all, it has 17 projects, with 9 in active JVs (7 of which are being drilled this year). In all, up to $7 million will be spent by partners this year. In recent weeks, Miranda has initiated drill programs (by partners) on two Nevada properties. . .[and] also signed a major agreement with Agnico-Eagle on its Easter Dome project in Alaska, as well as continuing to stake new ground. With a market cap of just under $20M, almost one-half is covered by cash ($9M). So, with a large, active portfolio; strong management and a solid balance sheet, Miranda is a buy at this level." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
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