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 >
Overwhelmingly Undervalued Stock
|
What Is Chen Buying? (06/02/2009)
"I added more Apollo Gold Corp. (AGT/APG.to) today. This morning's news was excellent, everything was on schedule, gold went up, yet the stock didn't respond. I am guessing people are selling on the news. I believe we are entering the second phase of gold bull market where a lot of people call it the stock picker's market. At the initial phase, every stock moves higher according to the gold price. People were trading based on charts and technicals. Now the valuation will play a key factor. People will look around and find better values for the same price they pay. I found two overwhelming undervalued stocks based gold production, cashflow, reserve and resource, they are AGT and OGC.to. I believe the picture hasn't changed. Right now both AGT and OGC.to have about 150 miilion USD in market cap. Both are low cost producers. 300+K oz for OGC and 150-200 k oz for AGT. Similar companies are trading at 500 million - 1 billion market cap, NGD, NXG to name a few. AGT and OGC.to are trading at about 1.5-2 times cashflow compares to 5-10 times cashflow most gold producers are trading at. I believe strongly these are two extremely undervalued gold stocks. Though both of them are up over 100% since my recommendation, I am continuing to hold and buy on the weakness. I will be visiting AGT's Black Fox mine in two weeks and will provide further updates after my visit." |
PRINT THIS PAGE
EMAIL THIS PAGE
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
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >