First, I visited a company that is developing a high-grade gold zone inside a halo of low-grade gold. It has to raise money, but it will have plenty of news to drive the stock higher, and the company has a lot of excellent drill cores that aren't incorporated into their mine plan or even released to the public yet. I could see buying this on a pullback. But I still have more research to do on that one.
Then I visited another company that is fast-tracking a million-ounce+ gold project for production (hopefully) to start in August 2014.
|Gold-bearing breccia at the surface.|
|That colored rock in the middle is the gold-bearing ore|
As for the mine that I'm visiting today -- it has a cut-off grade of 7 grams per tonnne, and it has visible gold in its veins. I would like to wait for a pullback to buy this one because it just put out news. Again, I'll crunch the numbers when I get back to the office.
I'll check out two more mines later this week.