Mining Stocks picks

echebota

Member
Joined
Sep 10, 2008
Messages
302
I own plenty of physical PMs. Was lucky to get in on a large sum in Dec-March period. I'm planing on purchasing a portfolio of Silver / Gold / Palladium / Platinum mining stocks now. I'd make an accent on Silver stocks though. I guess that within the next month or two it's going to be a nice window to do so. Obviously I'll do the due research, but I'd really appretiate if you can share your picks. Please help the newby in the PM stock market.
 
One stock I enjoy is:

Rio Tinto plc


http://finance.yahoo.com/q?s=RTP


Last Trade: 174.30
52wk Range: 59.20 - 403.58
Div & Yield: 5.44 (2.90%)


Rio Tinto plc engages in mining and processing mineral resources. The company produces aluminum products, including bauxite, alumina, and aluminum; copper and diamonds, such as copper in concentrate, refined copper, gold, silver, molybdenum, magnetite, vermiculite, and diamonds; energy and mineral products that consist of coking and thermal coal, uranium, titanium dioxide, feedstock, borates, and talc; and iron ore products, including iron ore, pig iron, salt, and gypsum. It also engages in the production and sale of cathode blocks, anodes, aluminum fluoride, and calcined coke; and provision of engineering services and sale of smelting equipment, as well as the sale of electricity. Rio Tinto plc has operations in North America; Europe; Japan, China, and other Asian countries; Australia; New Zealand; and internationally. The company was founded in 1873 and is headquartered in London, the United Kingdom. Rio Tinto plc is a subsidiary of Rio Tinto Group.
 
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I am not a stock mkt expert but the companies i like and own, also i will avoid South Africa and South America.

Also try and get producing companies with a strong balance sheet , cash to debt.

these mining companies love to issue new stock to fund projects.

company ( sym ) --- gold (m/oz) -- silver(m/oz) -- uranium(m/#) -- cash -------debt
---------------- ---------- ----------- ------------- ----- ----
Fronteer dev(frg) 3.73 -- 5.4m/oz gold -- 36m/0z sil -- 133 mil # ur -- $126m -- $ 3.3m


silver corp (svm) 4.52 -------- 191m/oz sil ------------------- $ 75m -- $25m


nova gold (ng ) 4.13 --- 29m/oz gold -- 105moz sil ------------- $ 37m -- $106m


svm is a chinese co , the goverment buys the silver from svm at 75% of world spot price.

nova has vast gold resourses next to barrick gold (ABX )

Of the three i like fronteer and silver corp. these co's are producers.stay with producers
nova gold is always looking for money to operate.

JMHO
 
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