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MiningInsights™
Scorecard!
"What's your track
record?", is a question almost Subscriber asks (Private Clients don't generally
ask).
Let's start with the
mutual fund, before Mining Insights Inc. was established:
December 1996.
An integrated rationale why Bre-X was hideously overvalued at $221/share and
would never be taken over. The Chief Investment Officer rejected my analysis
for that of the underwriting brokerage in which the analyst had an undisclosed
(to me, anyway) enormous share position.
February 1998.
A complete cycle analysis with supply/demand outlook resulted in a BUY ALCAN
rec for the resource and pension funds at $35.00/share. Recommendation refused;
what a surprise... Three weeks later, as Alcan hit a key Fibonacci level, a
trading sell at $45.00/share on the existing holding was recommended, and refused.
A trading buy followed at $41.00 on a key Fibonacci retracement. Recommendation
refused.
I left the mutual
fund in March of 1998.
MiningInsights™
Corner Bay Minerals
Inc. at C$0.27/share in March, 1998. The newsletter writers jumped aboard at
C$4.00-C$5.00. It was C$4.82 when delisted after the merger with Pan American
silver.
Aquarius Platinum
(Australia) as the best platinum investment choice worldwide. Covered initially
at A$1.95 in January 2000, your shareholding has grown!
Inca Pacific Resources
Inc. The price of C$0.11/share in June 1999 was very cheap with the tin and
copper-moly prospects in the portfolio. In March, 2000, we suggested taking
profits at C$0.65/share. We've repeated the 200% to 400% cycle a few times and
now, the story is even better.
Agnico-Eagle Mines
Ltd. A great value story at C$10.85/share in February, 2001; re-analyzed at
C$20.90 in April, 2002.
Minefinders Corporation
at C$0.65/share. You could have made 1,140%. Some Subscribers did.
Western Copper
Corporation inn February, 2002 at C$0.65/share. You could have made up to 1,800%,
and some Subscribers did.
Rock Resources
Ltd at C$0.68/share in March, 2000. SELL!!!
I saw the company at a conference and played the geologist-looking-for-a-job
card. Then, I found the people who evaluated the company's prime property and
didn't option it, and why. Rock dropped 81% in short order, as the second group
of geo-professionals were right. One subscriber took the advice and sold, saving
enough to renew his subscription (as he noted) for 360 years. Another subscriber
called the analysis 'wrong', rode Rock down to 8c, cancelled his subscription,
and hasn't been back.
Chesbar Resources
Inc. at C$0.18/share in February 2000. We were a little early on Chesbar, and
had to wait almost 3 years to make up to 1,100%.
Minera Andes Inc.
at C$0.16 in August, 2000. You've had multiple chances at +100%-+200% gain and
are currently sitting at +450% gain. A great company!
National Gold Corp
in March, 2001 at C$0.22/share. We only made +100% prior to the takeover by
Alamos Minerals Inc. in February, 2003, but expect to beat that by several times
with management's newest venture, MI Research Partner Gryphon Gold Corporation.
Harmony Gold Inc.
in September, 2001 at R52.6 based on position in newly-launched MI Global Gold
Comparative Table. Harmony has consistently been our top ranked South African
stock to own. It has been as high as R187.00 and is currently back at R48.00
ready for another run.
Wolfden Resources
Inc. in March, 2002 at C$0.53/share. It is currently $4.11, for a +675% gain.
Vaaldiam Resources
Ltd in May, 2002 at C$0.15/share. No market appreciation in part due to an incompetent
corporate finance team at an incompetent brokerage. The company was rolled back
4:1 to accomodate a splendid diamondiferous property acquisition. Just so you
know, MI is still fiercely loyal to MI Research Partner Vaaldiam Resources because
of management, property, and all but inevitable production future. Eventually
the market will notice.
Virginia Gold Ltd
at C$1.08/share in May, 2002. The stock has only once been lower than that,
and hit C$3.50 for a long term +200% gain.
In September, 2002,
we ranked the world's gold stocks. For best value on a number of evaluation
parameters, Meridian Gold, Goldcorp, and Harmony came out on top. Do you see
a theme here?
MacMillan Gold
Corporation at C$0.11 in October, 2002. We've done up to +700% on MacMillan
a number of times, and it is only now that the true value of the prime exploration
asset is becoming now. Did you know that the HIGHEST GRADE sample ever taken
on the Cerro de Oro property was in the Mining Insights Inc. check sampling
program? What does that tell you?
A
PROMOTION ALERT was published on Canadian Royalties in November,
2002 with the recommendation that shareholders put a stop loss into place as
soon as possible. As it turned out, we called the top of the market within 15%
so the strategic recommendation, if taken, was a successful one. Thanks to MiningInsights™
Resource Visualisation!
True North Gems
Ltd at C$0.81 in November, 2002. There was one loooonnnnggg +80% spike, then
management changed, the info flow stopped, and that was that.
Southwestern Gold
Ltd at C$6.90 on Boka assay results. We called this one as a highly promotable
story, especially when news of a particular broker and analyst known for high-profile
stock touting got involved. We suggested putting in a stop-loss under the holding
and to play it carefully, if you were inclined to.
In April, 2003,
we flagged emergent investment trends in lead/zinc, nickel, and copper producers.
Look what has happened since!
Bralorne-Pioneer
Gold Mines Ltd at C$0.38/share in September 2003. Our analysis showed a stock
not worth holding on financial grounds. SELL!!!
The stock collapsed; shareholders are now getting rolled back.
June, 2003 saw
aPROMOTION ALERT issued on Gammon Lake Resources
(C$2.45/share) with the rationale espoused in financial analysis and production
modeling. Sure enough, Gammon rose to almost C$10/share and is back at C$6.50
for a nice capital gain in a classic momentum play. The 247% IRR went negative
with just a small increase in capital cost, but nobody (except us) mentioned
that....
Sur American Gold
at C$1.21/share. SELL!!!. The stock came
off 50% shortly thereafter as the market wised up to what MI Subscribers already
knew.
If you find this
useful, consider subscribing? Call me for details.
If not, thanks
for stopping by!
Jim Steel MBA P.Geo.
Managing Director
Mining Insights Inc
1 416 236 9297
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