Year-end tax-loss selling may be less of an issue in 2001 than in previous years, but Boulder Investment Partners analyst Dorothy Atkinson still considers December a great month to buy shares in Canadian mining juniors.
Atkinson recently put together a list of juniors she considers “real bargains,” which are outlined below.
– Trading below 70, Val d’Or-based
Atkinson writes that the junior’s properties “have produced excellent results this year, and we anticipate 2002 will be as strong.”
In mid-December, Canadian Royalties retained Haywood Securities to offer, on a best-efforts basis, up to 1 million flow-through shares priced at 70 each.
Canadian Royalties has found more platinum group mineralization in decades-old core that is now being reanalyzed and relogged to take into account today’s higher values for platinum group metals.
– Second on Atkinson’s list is Vancouver-based
Greywacke is equally owned by
Masuparia has already confirmed and added to a previous resource at Greywacke, outlined by
Masuparia, which currently trades under 10, has more than $500,000 in the treasury and remains well-funded to continue exploration work at Greywacke.
– With its shares being beaten down to 50 in mid-December from $2 in June,
The company has a 30% carried interest in
Indeed, following the release of the analyst’s report, Philex sold an effective 10% equity interest in Silangan Mindinao Mining, which holds the Boyongan project, to Anglo American for US$20 million.
Proceeds are earmarked for three areas of Philex’s balance sheet: its bank debts, which total US$14 million; its current liabilities; and closure costs associated with its soon-to-be-shut Bulawan mine, also in the Philippines.
For 2002 at Boyongan, Philex expects Anglo will carry out 15,000 metres of definition drilling and 3,000 metres of scout drilling in Magpayang, to the south of Boyongan, and other adjacent areas.
– Trading under 30, Vancouver-based
Nevsun has already wrapped up drilling at Tabakoto and contracted Snowden Mining Industry Consultants to update the deposit’s resource base and mining model.
Atkinson predicts Nevsun will be acquiring more assets.
– Turning to the diamond scene, Atkinson writes that exploration companies “have had a good run with the current rush in Nunavut and the Northwest Territories. We believe they will go higher as the play develops.”
For bargain-hunters, Boulder would buy Calgary-based
Neither company’s properties are close to Ashton Mining’s discoveries, but Atkinson says both have new discoveries that could be significant.
Randy Turner’s
The partners are considering a program of ground geophysics and drilling to test several kimberlite targets during the first quarter of 2002.
Tyler has also acquired property in the emerging Coronation Gulf diamond district in Nunavut. The acquisition is being conducted in alliance with
Tyler now owns 100% of the Crystal and Gem properties, under option to
Shear is active at six diamond projects in the North Slave region of Nunavut, the Lac de Gras region of the Northwest Territories, and northern Alberta.
Shear and partner
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