Advertisements

A rendezvous with discovery investing pioneer

Font Scale:
26 March 2008 @ 01:36 am EST
  • Print
  • E-Mail

TGR: Let's go back to Midway Gold. Why do you like it?

MB: I've owned Midway Gold for six years. The company has two great properties in Nevada actually, they have three great properties, but they started with two great properties in Spring Valley and Midway near Tonopah. Spring Valley might contain about a million ounces of gold. People don't realize that you've got to drill a lot of holes to determine just what an ore body looks like before you even think about production.

Midway s Spring valley has a lot of nugget type gold, which has slowed things down a bit because that type is always more problematical. But they're making progress. If they keep making progress, you'll have to buy this stock on the dips. Within two years the company will begin mining its second property, Tonopah, in south central Nevada. This property has the characteristics of the Pipeline mine. It could produce a couple of million ounces of gold. Midway is perfectly positioned for growth with those two properties. At $3, it's a very cheap play on higher prices in gold. It's performing very well. It's management has executed well, and has proven reserves.

TGR: What about Aura Silver?

MB: Aura Silver has three great properties. One of them is in Oaxaca, Mexico, and it is in a very prolific mining region near several high grade silver veins. Aura also has properties in Silver Valley, Idaho and they have a silver property in Canada. This is a pure silver play with a good management team, and right now, I'm waiting on results. Aurora is a very cheap stock at this stage.

TGR: And Quaterra? What do you like about this one?

MB: Quaterra Resources, Inc. is a mining company I've been invested in for about eight years. It recently drilled 72 holes on its MacArthur Copper property near Yerington, Nevada. I think this is going to be a major wealth creating resource. The property could be a company maker. The MacArthur mine could produce 200 300 million tons of .4 or .3% copper oxide and chalcocite that will be leachable, and it s already an open pit. So it will be inexpensive to produce.

TGR: What about Quaterra's management team?

MB: Good management is key for a discovery company, and I like this one. It's the same team that made the Western Silver Corporation (WTZ) discoveries. Dr. Tom Patton, the former president COO of Western Silver, is Quaterra s CEO. He's put together a great team of people who have a completely different discovery approach. A former chief exploration geologist for Kennecott RTZ, Patton's strategy is to put together the best properties he can find, whether gold, uranium, or copper. He's assembled a stable of properties, including the MacArthur copper property. So the combination of potential discovery and a solid management team has convinced me that Quaterra represents a great opportunity.

TGR: What can you tell us about War Eagle Mining Co. Inc. and Polymet Mining?

More From Commodity Online

Advertisements

Charts

Advertisements

advertisement
Advertisement
Latest Commodities Research Reports

Find the most up to date research from leading investment firms to make the most informed investing decisions

Current Discussions

 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives