I took a position yesterday in KNP-Knight Resources- Interesting Nickel-Copper Project and drill results should be out soon.  At .09cents the stock is very cheap.  Do your due diligence.  I have also been increasing my position in RPM-Rye Patch Gold another very cheap stock-see July Updates Page for coverage.  

Here is the Silver Quest-SQI news release- drill results should be out soon.  

Silver Quest Defines New Anomalies at Boulevard and Increases Land Position, Yukon

VANCOUVER, BRITISH COLUMBIA, Jul 13, 2010 (MARKETWIRE via COMTEX News Network) --

Silver Quest Resources Ltd. (TSX VENTURE: SQI) (the "Company") is pleased to provide an update to its shareholders on the 2010 exploration programs on the Boulevard ("Boulevard") and Prospector Mountain ("Prospector Mountain") projects in Yukon Territory. For property location maps and detailed property information please see the Company's website www.silverquest.ca.

Boulevard Project

Three new geochemical soil anomalies have been discovered at Boulevard by using an X-Ray Fluorescence (XRF) analyzer in combination with mechanical trenching. The new anomalies are parallel, geochemically distinct and trend northwesterly. The anomalies have been named Sunset, Vegas and Hollywood.

--  Sunset is 1,600 m long and 40-120 m wide. It is defined by a coincident
    arsenic- and antimony-in-soil anomaly with elevated levels of gold,
    iron, barium and copper.
--  Vegas is 670 m long and 50 m wide. It is defined by a coincident
    arsenic- and antimony-in-soil anomaly with elevated levels of iron,
    barium and molybdenum.
--  Hollywood is 580 m long and 60-80 m wide. It is defined by an arsenic-
    in-soil anomaly with elevated levels of gold, antimony, calcium, barium
    and bismuth.

Work completed to date includes the testing of approximately 300 soil samples with an XRF, a 58 line km ground magnetic survey and nine diamond drill holes (total 1,187 m) aimed at testing the three new geochemical anomalies. Drill core has been logged, split and sent to the assay lab for analysis, results are pending. The Company has approximately 1,200 m of planned drilling still to complete at Boulevard this year. Boulevard is located 135 km south of Dawson City and 10 km southwest of Kaminak's Coffee Discovery.

Prospector Mountain Project

A preliminary exploration program has been carried out within the Bonanza area of the Prospector Mountain project to expand upon 2009 results. Rock samples collected in 2009 returned values up to 82.2 grams per ton (g/t) gold, up to 1,375 g/t silver and up to 11.65% copper throughout a 4 km structural trend. The preliminary 2010 program included geological mapping and prospecting, the collection of 82 rock samples and 220 soil samples for geochemical analysis, and a 28 line km ground magnetic survey. A phase II drill program is planned for later this season to test targets generated by 2009 and 2010 exploration results. Prospector Mountain is located 90 km northwest of Carmacks and 95 km southeast of the Company's Boulevard Project.

Dawson Range - Additional Land Acquisition

Silver Quest is also pleased to announce the staking of approximately 1,900 new claims in the Dawson Range. These claims were staked based on proprietary anomalous geochemical data. The Company now has a total land package of approximately 3,100 claims totaling approximately 64,790 ha in the Dawson Range.

Mr. David Pawliuk, P. Geo. is the qualified person as defined by National Instrument 43-101 and supervised the preparation of the technical information in this release. Exploration work in the Yukon has been conducted by Equity Exploration Consultants Ltd. on behalf of Silver Quest.

SILVER QUEST RESOURCES LTD.

I will have another article on the Peter Grandich Page regarding Crocodile Gold-CRK.  Peter posted an article on his website site regarding a press. release that came out July 8th.  Crocodile Gold is firing on all cylinders. I recommend my readers buying the stock on July 5th when it was trading at $1.00-$1.05. Today, CRK is up 12.5% and did touch $1.33 today.  I am holding CRK longer term and believe this stock could be trading north of $2.00 in 6 mths.

Taseko Mines-TKO saw a huge sell of this week and seems to be recovering well.  I believe they will still get the green light to develop the Prosperity Gold Project.  I have also mention in the past one stock that everyone should be watching is Amarc Resources- AHR -another Hunter Dickinson Company.  They are currently in exploration mode and their Newton Project is next door to the Prosperity Gold Project.  AHR is lightly traded but that will change as the drill results are release by year end.

SBB-Sabina Gold and Silver- is now trading at $2.90. They are cash rich and have come up with some excellent drill results. I recommended the stock at $2.05.  I believe they will taken out eventually.  ANO-Anatolio Mineral- has still more upside. ANO will be in production soon and will be a low cost gold producer.  GBG-Great Basin Gold- cheap, cheap, cheap. Like I said in the past to my reader. If you snooze you will lose out on GBG. SQI-Silver Quest Resources- the stock has been consolidating around the .40cent zone and I believe we could be hearing some news soon.  The company is currently drilling 2 of their projects and drill results should be out soon.  I have been accumulating SQI in the past few days.

I purchased RPM-Rye Patch Gold today. I have coverage on my July Updates Page which will go into further detail about the company.  At .15cent and with over 3.9mil.oz and $6.7mil. in cash this stock is trading at a discount.  Insider have been buying and Kinross Gold has a 15% interest.

I also been increasing my position in Husky Energy-HSE on weakness.  The stock is cheap and pays a very attractive dividend- .30cent share/quarterly.  The last time the stock traded at these currently levels was back in 2006. 

Do your due diligence prior to investing and consult your financial advisor prior to making any investment. 

Happy trading and have a great weekend.

I took a position this morning in SQI-Silver Quest Resources.  They are currently drilling 2 projects and should should be coming out soon.  Insiders have also been buying the stock.  SQI has over 1 million oz. resource and should be growing this resource as they keep drilling.

I have also updated the Peter Grandich Page- Peter mentioned Crocodile Gold today.

Remember folks,...SQI is a speculative play and you may lose most or all your money.

From Peter Grandich Website -Updated Today- 

While it seems the only rush in junior resource stocks is to the exit, there is a bona-fide gold rush underway in the Yukon. After the close yesterday, Kaminak Gold released some very encouraging results that should bode well for them and the whole area play.

As previously disclosed, I’ve acquired an extremely large personal position in Silver Quest Resources (SQI-TSX-V $.40 – SQIFF.PK OTC $.35). I spoke about SQI, the Yukon Gold Rush and two other clients, HTR and NDM, in the latest Prospector.

If SQI doesn’t at least trade at twice it’s current price between now and the Cambridgehouse Int’l Vancouver show in January, yours truly will wear a Vancouver Canucks jersey during the show. Furthermore, I will go as far as to say “The Canucks are great” in my speeches and to anyone who asks.

If you know what this would mean to me if I had to endure such self inflicted torture, you will appreciate the offer.

Here is partial video clip that was on BNN: http://watch.bnn.ca/#clip320967 You can also listen to Victor Gonzalves-BNN Mail Bag.

The revised mining tax in Australia is great news for Crocodile Gold. CRK is a great buy at current levels and I recommend accumulating the stock at current levels.  AHR-Amarc Resources is also trading at a very attractive level.  AHR going to start drilling and we should start seeing some news in the next few months- stay tuned.

  This Post Is Available On http://www.stockhouse.com/ by Marc Davis, BNWnews.ca

"Upside potential measured in a several fold return or better"

It never fails. When I decide to go on vacation with the family, the markets tumble.  Alot of bad news came out of the U.S.A last week which put alot of downward pressure on commodities.   Oil is now trading under $73 and gold took a one day beating last week.  Copper seems to be holding up well but is trading around $2.93/lb.  A dip below $2.70 will be very negative for copper.  Peter Grandich Page is updated.

I am still bullish on oil.  I still believe oil will trade between $90-$100 some time this year.  With the oil spill, summer driving season, and hurricane season just starting. I can believe oil is still trading below $73.00.  They will be putting tough regulation in place for future deep sea drilling which should help push oil prices higher in the near future.  Oil will test $150,..not if,..but when?   I have been accumulating stocks like Suncor-SU, Cenovus-CVE and Husky Energy-HSE.  These are quality stocks that pay dividends with future growth and are trading at very attractive levels.

GBG-Great Basin Gold is at bargain levels again. Anything under $1.80 is cheap. 

Exeter Resource-XRC - anything under $6.50 is cheap,..it's going to be boring at least till September, but by year end or early 2011 I doubt XRC will be around.  A take over is coming not if,...but when?

Crocodile Gold-CRK- this stock has been beaten down for no big reason.  The mining law in Australia is being revised- read this article: http://www.nytimes.com/2010/07/03/business/global/03mine.html

I have also wrote to investor relations regarding the dip in the share price and here is the email response.

Hi,

If anyone needs answer call the company,..don't listen what is being said on the bullboards.

I have been accumulating CRK at current levels and believe it's cheap. 

Sabina Gold and Silver is performing great today.  We have seen the stock run up from $2.05 to $2.45 in 2 trading days.  The company keeps impressing with it's drill results.  I have updated my June Update Page with coverage on Sabina Gold and Silver.

Gold stocks are down today so take advantage of weakness on some of the big names.  Oil is having a great day and it's reflecting on the Oil/Energy Stocks. CNQ, SU, HSE which I own are up nice today. CVE is also have a great day.  With the recent rally in oil I would start thinking about take some profits.  RY-Royal Banks still has more upside and is having a very good day today.

GNH-Golden Hope Mines is also having a great day. The stock reached a high of .62cents.  I recommended it as a speculative buy at .46cents.  I do have a friend who owns a very large position under .10cents and I advised him it might be time to sell 90% of his position and let the rest ride. I sold my position today at .60cents and will be waiting for a pull back.

The next stock I am watching very close is Kiska Metals-KSK. They have almost 6mil.oz of gold at their Whistler Project in Alaska and they are currently drilling.  I would compare this stock to an early stage International Tower Hill Mines- ITH. Keep it on your radar. It's attractive under $1.00.  I am also watching OK-Orko Silver. OK.to has a very large silver deposit. Pan America Silver will most likely do a take over of OK.to and a much higher price.

XRC-Exeter Resources- More than ever do I believe this stock will be taken out by the end of the year.  A resource update will be out by year end and only then will management be talking to the majors that are interested.  $15-$20 take out price.

Gold has made another all time high again this morning.  Remember some of these big run ups will have corrections.  I have been playing Goldcorp-G and sold my position yesterday.  I might of sold 1 day early but a $3.00 profit a share is a nice profit.

Yesterday, I took a position in a company that I believe is on to a big gold discovery. This company is Sabina Gold and Silver-SBB. They have almost 300mil.lbs of silver and almost 2.5mil lbs of gold.  They are also cash rich with $44mil. in cash. Their silver resource is a world class size discovery and seems to be getting bigger.  They are also increasing their gold resource with their current drilling program. The company has also been coming out with exciting drill results at their Back River Project. - see my coverage on my June Update Page.

I have also been playing the energy stocks lately.  I sold CVE-Cenovus and AAV-Advantage Oil and Gas.  I currently own HSE-Husky Energy as I believe they are dirt cheap and a take over target. I bought CNQ-Canadian Nation Resource again yesterday.  CNQ is now a long term hold for me.  They should do well as oil prices head back over $80 again.  I also own SU-Suncor in my rrsp trading account. The stock is still cheap and should move higher over the years-plus it pays a dividend.

I also took a position in Aecon Group-ARE. This is a infastructure stock that I believe has much more upside.  I also bought RY-Royal Bank at $53.80 because it's over sold and it took a $10 hair cut.  It pays a dividend and I believe will head back up to $60.00 soon. ARE and RY are both in my rrsp trading account.

I also took a very small position in GNH-Golden Hope Mines.  The stock is speculative and already had a 100% jump in the past month.  Drill results will tell the story.

Great Basin Gold-GBG -all I have to say is "If You Snooze,..You Will Lose".  I am impressed with ANO-Anatolia Mineral lately who is now trading above $6.00.  This was recommendation around $4.30 and $4.50.  KMK-Continental Minerals- everyone must be getting fustrated-No Take-Over Yet??-,don't sell on emotions. You might regret it.  Nevsun Resources-NSU is on a break-out and rumours are going around about a take over.  GAM-Gammon Gold took a beating yesterday on a mine closer.  The stock is over sold and the 10% drop makes up for the production they will lose from this mine.  This close is temporary.

I have updated my stockhouse.com blog and I have updated the Peter Grandich Page.

The June Update Page is being updated.

Today, I took another position in an oil company.  I am rating AAV-Advantage Oil and Gas Ltd as a Stong Buy.  The stock is currently trading below book value.  TD has a target price of $9.50.  I believe oil prices will be going much higher this summer.  I also updated the Peter Grandich Page. Coverage on SQI-Silver Quest Resources.  SQI is starting to look very attractive at currently levels.  Take advantage of pull backs.

Energy stock took a beating yesterday.  I took advantage and bought CNQ-Canadian Natural Resources.  The stock was down as much as $2 towards the end of the trading day yesterday.  This is a solid company with growth and pays a dividend.  This is a great long term energy play, don't think for once that oil will stay at these levels for long.  I am still predicting oil will be trading between $90-$100 sometime in 2010.   I also own Suncor -SU which I bought under $30.00 and recommended it as a buy on my stockhouse blog. I have also been buying more Mercator Minerals-ML and Amarc Resources-AHR.  I also bought Yamana Gold-YRI yesterday towards the end of the trading day.  I believe Yamana Gold is cheap compared to it's peers.  I would also take advantage of Connacher Oil and Gas-CLL -great future growth-. 

Great Basin Gold-GBG is the cheapest gold producer with big growth coming in 2010.  Today the company released an update on their Burnstone Project which should be in production late June 2010.  GBG production should jump from 80,000oz/yr to aprox. 374,000oz/yr.  I have been buying this stock around $1.75 for myself and for my kid account. 

Equinox Minerals-EQN came out with some great news yesterday.  TD still has a $5.00 12mth target which I believe is on the low side.  Here is part of the news release:

TORONTO, Jun 1, 2010 

Equinox Minerals Limited (TSX and ASX: EQN) ("Equinox" or the "Company") announced today production progress results for April and May, 2010 from its 100% owned Lumwana Copper Mine ("Lumwana") in Zambia, the awarding of the contract to undertake a feasibility study into a 35 Mtpa expansion for Lumwana and the approval of an additional $10m to accelerate drilling at the Lumwana Chimiwungo deposit.

April/May 2010 Production Update

The Company is pleased to report that Lumwana production for the first two months of Q2-2010 totaled 29,733 tonnes (66 M lbs) of copper in concentrate, representing a 46% increase on the average monthly production results of Q1-2010 and a 83% increase on the average monthly production results for the corresponding period Q2-2009. Mine material movement has also consistently exceeded 300,000 tonnes per day since the end of the wet season in mid-April, with better equipment availability, productivity and utilization driving improved performance from the mine.

Take advantage of quality stocks that have been over sold and have great fundementals.

I would first like to thank Peter Grandich for mentioning Lex Corp News Letter on his website.  I look forward to meeting Peter personally one day at one of the resource shows in Toronto, Canada. Thanks Peter! Here is the link: http://www.grandich.com/2010/05/im-sincerely-grateful/

Because of the U.S Holiday.  We are seeing very light trading today.  Today I bought CLL-Connacher Oil and Gas.  They have been a lagger for the past 2yrs. and I believe with their second pod -Algar- coming on-line soon we are going to see a production increase.  Plus, they beat the street with their Q1 results.  Lately, all the news coming out of CLL has been positive and I believe the market is starting to take notice.

Here are the most recent news releases:

Connacher Oil and Gas Limited Completes Commissioning and Commences Steam Circulation at its Algar Oil Sands Project on Tuesday May 25, 2010

Connacher Oil and Gas Limited announces the submission of an Environmental Impact Assessment application for the expansion of bitumen production capacity at Great Divide to 44,000 bb on Monday May 17, 2010

Connacher profit beats Street on high commodity prices on Tuesday May 11, 2010

* Q1 C$0.01 vs est C$0.003

* Q1 rev almost doubles

* Sees Algar plant starting production in August

I believe CLL is starting to look alot like a take over target.  I rate CLL-Strong Buy with a 12mth target of $2.50. 

Below, is my model portfolio. This is available at http://www.stockhouse.com/ I do have holding in some of the stock listed here.

 Lex Corp Model Portfolio

	Company	Last Trade	Change	% Change	Volume	Gain Since Added
	Connacher Oil and Gas Limited (T.CLL)	1.49	0.00	0.00 %	422,534	-0.67 %
	Crocodile Gold Corp New (T.CRK)	1.40	0.07	+5.26 %	463,756	+13.82 %
	Capstone Mining Corp (T.CS)	2.32	0.01	+0.43 %	81,845	+61.11 %
	Colossus Minerals Inc (T.CSI)	7.18	-0.01	-0.14 %	35,918	+431.85 %
	Great Basin Gold Ltd (T.GBG)	1.73	0.00	0.00 %	30,736	+19.31 %
	Greystar Resources Ltd (T.GSL)	5.43	1.67	+44.41 %	1,973,787	+231.10 %
	Horizons BetaPro S&P TSX Global Gold Bull Plus ETF (T.HGU)	13.75	0.04	+0.29 %	182,943	+213.93 %
	Mercator Minerals Ltd (T.ML)	1.78	0.05	+2.89 %	508,843	+4.71 %
	Nevada Copper Corp (T.NCU)	2.42	-0.01	-0.41 %	38,200	+764.29 %
	New Gold Inc (T.NGD)	6.41	0.00	0.00 %	146,358	+80.56 %
	Northgate Minerals Corporation (T.NGX)	3.14	0.06	+1.95 %	65,350	+248.89 %
	Nevsun Resources Ltd (T.NSU)	3.22	0.06	+1.90 %	37,200	+57.07 %
	Aura Minerals Inc (T.ORA)	4.27	0.03	+0.71 %	78,650	+721.15 %
	Platmin Limited (T.PPN)	1.16	-0.04	-3.33 %	116,571	+70.59 %
	Pacific Rubiales Energy Corp (T.PRE)	22.22	0.32	+1.46 %	189,380	+500.54 %
	Revett Minerals Inc (T.RVM)	0.33	0.00	0.00 %	3,500	+135.71 %
	Semafo Inc (T.SMF)	6.94	0.04	+0.58 %	108,556	+716.47 %
	Taseko Mines Limited (T.TKO)	5.53	-0.01	-0.18 %	88,613	+15.21 %
	Ventana Gold Corp (T.VEN)	10.20	-0.15	-1.45 %	509,520	+553.85 %
	Volta Resources Inc (T.VTR)	1.29	0.00	0.00 %	113,220	+210.84 %
	Western Copper Corp (T.WRN)	1.35	0.02	+1.50 %	9,100	+206.82 %
	Exeter Resource Corporation (T.XRC)	7.78	-0.18	-2.26 %	43,880	+19.69 %
	Amarc Resources Ltd (V.AHR)	0.45	0.01	+2.27 %	129,200	+2.27 %
	Avion Gold Corp (V.AVR)	0.60	0.00	0.00 %	376,450	+106.90 %
	Galway Resources Ltd (V.GWY)	1.01	0.02	+2.02 %	54,400	+36.49 %
	Continental Minerals Corp (V.KMK)	2.09	0.00	0.00 %	4,830	+9.42 %
	Romarco Minerals Inc (V.R)	1.85	-0.01	-0.54 %	121,450	+249.06 %
	Southern Pacific Resource Corp (V.STP)	0.99	-0.02	-1.98 %	635,512	-2.94 %
	Timmins Gold Corp (V.TMM)	1.32	-0.02	-1.49 %	36,526	+11.86 %

Ok folks. It's been a few weeks since my last update, but I am sure most of you are following me on my Stockhouse.com blog and on my Facebook:LexCorp. I would first like to thank and welcome Peter Grandich to the Lex Corp News Letter. Peter gave me permission to post some of his content that he has available on his website. So, I hope all my readers enjoy The Peter Grandich Page.

During the market correction-(that is what I'm calling it)-alot of panic selling was going on.  Gold fell from it's all time high to aprox. $1180.  This drop in gold was enough to scare investors,..so they pressed the sell button.  Most of this was due the the "Euro Financial Crisis".  Investors were dumping gold and putting money into the U.S Dollar -another debt nation-"The U.S.A".  I believe investors forget that Gold has always been a safe haven during difficult economic times.  I still don't understand why investors would rather sell off gold and then buy the U.S Dollar?? Gold is money and a store of value.  I personally believe the U.S is in a much worse shape than Europe.  The only thing the U.S has going for it is, that they are able to keep the printing presses running 24hr.  So, if gold corrects further,..take advantage of the pull backs in some of the quality gold producers.

Stock Updates:

Oil Stocks

I have been watching oil stocks. Oil has tumbled during the last week and alot of quality stocks are trading at very attractive levels. I did manage to buy Suncor Energy-SU.  I also purchase yesterday STP-Southern Pacific Resources.  I am watching Connacher Oil and Gas-CLL very close. I believe CLL is a great buy at current levels.  I also like EME-Emerge Oil and Gas and CNQ-Canadian National Resources.  I believe these oil stocks I have mentioned have been punished due to the weakness of oil and are buying opportunity-Long Term Investment.  

Base Metals Stocks

All of the base metal stocks got hit last week. Copper came down below $3.00 and China said they want to slow down their economy. Nickel, zinc, and all the other metals tumbled due to China's announcement. Plus, the Euro Crisis wasn't helping.  Many stocks started trading at very attractive levels. One of them which is a longer term investment is Equinox Minerals-EQN. This stock traded below $3.10 brief during the sell of and is now trading around $3.70.  I would also like to mention that their has been some interesting insider buying. Kevin J.Van Niekerk-Vice President-Investor Relations. This is an email he sent me and I thought I would share it with my readers.

Hey Bento, 

I thought you might be interested in this information FYI:  

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=eqn 

It’s almost impossible to pick bottoms and as all my ongoing acquisitions are for the longer term, I’m simply taking advantage (again) of what I see as exceedingly good value.

Kind regards

KvN

Kevin J. van Niekerk

Vice President - Investor Relations

Equinox Minerals I believe is a take over target, either by a Chinese company hungry for copper or a Major Copper Producer.  They are expected to produce 300mil.lbs of copper at a cash cost $1.35lb.  I give EQN- a Strong Buy Rating. I also like Nickel Producer-Mirabela Nickel-MNB.  The stock is trading below $2.00 which makes it very attractive and cheap. MNB also been rumoured also as a take over target. You can't ignore that they own a World Class Nickel Deposit in Brazil. They will be a low cost producer and this is one of the biggest nickels mines just coming on-line. I rate MNB-Strong Buy. I also took a position recently in Mercator Minerals-ML. ML has been beaten down due to some production issues which they are working on fixing.

Attractive Take Over Plays

Another stock that is a take over target is KMK-Continental Minerals. My average is around $1.18 and bought this on Peter Grandich recommendation.  The stock did pull back to around $1.92 last week which made it a "Screaming Buy".  I believe the stock will be taken out north of $3.00 by one or both of the chinese mining companies that currently own shares-KMK-Strong Buy.  ICI-Inter Citic Minerals- is another company that is a take over target. Not only did Zijin Mining take a position in KMK, they also took a big position in ICI.  I currently rate ICI-BUY.  CRK-Crocodile Gold has also pulled back and is trading at very attractive levels once again. CRK-Buy

Exeter Resources-XRC is a Strong Buy. I believe by the end of 2010 Barrick will make an offer.  Exeter Resources is sitting on a World Class Gold Discovery, which seems only be getting bigger and bigger. Watch this video clip BNN: http://watch.bnn.ca/#clip306076

Gold Producers To Buy On Weakness

I also been buying Goldcorp-G on weakness. I also like NGD-New Gold, Anatolia Minerals-ANO-low cost up and coming producer- which was a "Screaming Buy" below $4.00 last week.  YRI-Yamana Gold is a great buy at current levels,..the market should give them a higher value soon.  I also like Semafo-SMF and Gammon Gold-GAM.

Junior Exploration Stocks

Watch Amarc Resources-AHR, GWY-Galway Resources, Canaco Resource-CAN, Kiska Metals-KSK, SQI-Silver Quest Resources, Richfield Ventures-RVI.  I believe these juniors have big upside.  Remember folks, this is gambling.

See my May Update Page for coverage on Amarc Resources-AHR.

Here is a great book:

How an Economy Grows and Why It Crashes

~ Peter D. Schiff (Author), Andrew J. Schiff (Author)

Watch Preview: http://www.youtube.com/watch?v=78a84qbT5-w

April and May have been crazy months in the market.  We saw that one day market melt down that took the TSX down over 400 point in just 10min's and we saw the DOW drop 1000 points.  Was this a glich or did the market really melt down?? We will never really know. Gold has finally made a new all time high and I have been day trading some of the big cap gold producers, especially Goldcorp.  I day traded Gammon Gold yesterday and will probably buy back in today for a longer term hold. Gammon Gold has been beaten down and it's not that far off it's 52wk low.  Great Basin Gold- GBG is almost ready for production.  By the end of June they should be producing out of their Burnstone Project in Africa.  GBG will be a 370,000oz gold producer.  It currently trades at $1.86- "Cheap".  I also took a position in SAS-St.Andrew Goldfields. SAS will be a 100,000oz. gold producer very soon.  I would also like to say that Exeter Resources-XRC was a gift last week under $7.00. 

What was said on my Stockhouse Blog:  Yesterday I posted this article that I bought Amarc Resources-AHR - "It's under the radar".

Amarc Resources is part of the Hunter Dickinson Group.  These are the folks who are behind the success of many well known mining companies- Northern Dynasty Minerals-NDM, Taseko Mines-TKO, Continental Minerals-KMK, Farallon Mining-FAN, Anooraq Resource-ARQ, Heatherdale Resources-HTR and Amarc Resources-AHR.  They are also behind the success of Great Basin Gold-GBG.

Amarc Resource will be drilling their Newton Gold Project this summer.  This is going to be a very aggressive drilling programming.  Their 2009 drill intercepts were very positive- New Gold Discovery.   The Newton project is located next door to Taseko's Prosperity Gold Project-13mil.oz, and in the same region as Imperial Metals -Polley Mine and Taseko's Gibraltar Mine.  Amarc Resource could be sitting on a multi-million oz. gold deposit and billions of lbs. of copper.  I believe the best is yet to come.  Management will probably start promoting the company as drilling gets ready to start.  This stock is still under the radar and is trading at a very attractive price.

Ronald Thiessen is the President and CEO and Robert Dickinson is Executive Chairman. 

I have added the company corp. presentation: http://www.amarcresources.com/i/ahr/pdf/AHR_DN_Mar2010.pdf

I will have full coverage on Amarc Resources on my May Update Page soon.

Please visit my Blog on Stockhouse.com for more update posts and buys. Aka:LexLuthor2

PLUS: Peter Grandich will have a Update Page on Lex Corp News Letter  

I took a position in Apollo Gold Today.  The stock is close to a 52wk. low and I believe their is very little downside from here.   The stock has taken a hit due to the deal/merger it made to acquire Linear Gold.  Investors sold off due to the dilution,...but longer term I believe it's a good deal for investors. The company will be working hard to pay down debt.  By 2013 APG will be a 170,000oz ++ gold producer.  I have a 6mth target of .60cents.


Deal Highlights
Upon completion of the Merger, the New Company will have the following compelling  characteristics:- A strong production profile with significant development potential;- 2010 estimated gold production at Apollo’s Black Fox Mine in the Timmins Mining District, Ontario, of approximately 100,000 ounces;

- Additional expected production of approximately 70,000 ounces of gold per year beginning in 2013 from the Box deposit at Linear’s Goldfields Project in northern Saskatchewan;

- Total reserves of approximately 2.3 million ounces of gold in Canada;

- Excellent exploration potential within highly prospective land packages in multiple jurisdictions;

- A strengthened balance sheet with a lower debt burden and improved financial flexibility with cash and cash flows available for continued exploration and development, solidifying the company’s capital structure to support future growth; and

- A strong management team with complementary experience in exploration, development, operations, and financing.

This was posted on my stockhouse.com blog. 

Coal is getting "HOT".  I believe alot of junior coal stocks are going to start moving up much higher in the coming months.  On June 24th 2008 -On my Home Page- I posted that I made a 2000% gain on QMIN in 3 days.  In early 2008 coal stocks were hot and 2 years later I believe we are again in the a strong coal bull market.   QMIN is a very high risk stock.  It currently trades at .0006.  So a $600 investment will give you 1,000,000mil. shares.  If the stock was to touch it 's 2008 high again of .07cents your $600 investment will be worth $70,000u.s.  I am holding this for 1yr and I have a sell order in place.  This stock is gambling so I don't care if I lose a few hundred dollars.  The reward could be huge and the loses very small.   I currently own 1,000,000 shares.  


Below is the chart that I posted on my Home Page back in June 2008.  You would have to go to the bottom of my Home Page to see it. 

Best of luck,..and Happy Gambling

Lex Corp News Letter

I have a New Page -Helpful Sites up now.  This page will have helpful websites that provide useful investing tools.  Mining Stocks Investor Guide has a E-Book that most of my readers will find to be very helpful.  I will updating this new page over the next few days.  The E-Book is on sale this week for $17.97. Take advantage of the sale.  $29.95 is the regular price.  Click on link below:

http://12b14eovvk39vg79yknp-27x05.hop.clickbank.net/?tid=TQTM2L54

Brief Update 

Most of you have probably been wondering what is going on with EC-Ecometals and Focus Ventures-FCV.  Both have taken a beating due to drill results.  I still own EC but, I no longer own Focus Ventures.  Galway Resources-GWY is the other company that should be coming out with some drill results soon.  I have stated many times that these junior exploration stocks are gambling.  You should only own a small amount of these companies in your investment portfolio depending on your risk profile.  I currently own about 5 junior exploration stocks,..the rest are producers.   I recommend sticking with the producers and the up and coming producers.

April Updates Page will be up soon.   I will have coverage on Mirabela Nickel-MNB.

Most of my readers already know that I am a long term holder of Equinox Minerals. So, I decided to help them put all the false information that is being posted on EQN-Blogs/Boards on certain websites to rest.

This was sent to me by Kevin J. Van Niekerk -Vice President-Investor Relations.  If most of you want to get the real answers to your questions, don't ask the people on the boards/blogs. Most of the stuff you read on these boards are usually made up stories. Call the company and speak to Kevin to get the facts. He is always accessible and willing to talk to any shareholder. I met Kevin at the PDAC Show and he is a very pleasant person to talk too.
Contact: Kevin J.Van Nierkerk

Work: (416) 865-3393 x6226

Fax: (416) 865-3394

Mob: (416) 904-5340

I have mentioned it many times on my website that due diligence is very important when it comes to investing. Part of that due diligence is contacting the company directly and speaking to their CEO or the head of Investor Relations.

I hope this clears up all the misinformation and made up stories that is being posted on the EQN boards/blogs.

Kevin answers these 3 key issues: 

1.  Hedging: Someone was suggesting today that as of the end of March, we were out from under all our mandatory hedging. That is NOT true. We have one year out of three left and that ends at the end of March 2011 ie: next year. The attached set of Financials for Full Year 2009 show Item 11 on page 16 and detail all the info there is that is public on hedging;

2.  Financing in 2009 to Pay off Hedging: There was one person today suggesting that we did a Financing in 2009 to get rid of our Hedging. That too is fiction. The attached EQN Press Release from our April 06, 2009 financing shows the use of proceeds clearly in the second paragraph namely: “The Offering will be priced in the context of the market with the final terms of the Offering to be determined at the time of pricing. Equinox intends to use the net proceeds of the Offering to strengthen its capital position, to evaluate and fund expansion opportunities at the Lumwana Project, to purchase and extinguish an existing net smelter return royalty in connection with the Lumwana Project, and for general corporate purposes”; and

3.  Principal Repayment of Debt confused with Break Fees: There is another person confusing financing instrument “break fees” with anticipated repayment of principal. The repayment of course of principal is very important for an indebted company and as we are in an environment of higher copper prices, we should be able to bring down our debt outstanding even more rapidly quickly. We detail Long Term Debt as Item 12 on Page 17 of the attached Financial Statements for 2009.

Equity Offering:
http://www.equinoxminerals.com/files/files/704_April_6_09_EQN_Launches_Equity_Offering.pdf

Financial Statements:
http://www.equinoxminerals.com/files/files/768_FS_2009.pdf

http://www.equinoxminerals.com/ 

The U.S Dollar had a nice rally yesterday and gold has been beaten down lately.  Thanks to the "Euro Crisis".  So, what are investors doing??  They are buying toilet paper and dumping gold- (which is money and a safe haven during crisis).  If you took at the gold chart it seems to be consolidating between $1080-$1150.  I believe a major breakout is coming.   There are some nice buying opportunities out there.  I have been increasing my position on XRC-Exeter Resources. -TDNewcrest came out stating that the resource increase should be out early April. They believe the resource will be increased by aprox. 4,000,000oz. bringing the total to aprox. 24,000,000oz. at Caspiche. All I have to say is I am sure Barrick Gold, Kinross Gold and even GoldCorp are watching.  TDNewcrest has a price target of $11.00-Speculative Buy.   Those who held onto XRC during the spin-out should be able to see their XG-Extorre Gold shares in their account.  If you don't call your broker.  I believe management will surprise the market again and increase the resource by 8mil.oz.  On March 22nd, I mention EC-Ecometals was a great buy at .62-.66cents.  The stock has recovered nicely on no news.  I expect to hear something sooon.  It's been too quiet.  The same applies to Focus Venture-FCV and Galway Resource-GWY.  Both are drilling and should have a news release on their drilling results soon. 

Carpathian Gold-CPN came out with some great news with very little reaction.  The market is blind and sooner or later it will take notice of this companys great assets.  Take advantage of weakness. - I have shortened the news release that I posted on March 23rd, but you can see it on the company website.

Carpathian Receives a Positive Preliminary Economic Assessment for its Rovina Valley Gold-Copper Project, Romania

Highlights of the Study include:

-   Average annual gold production of 238,000 ounces per annum for the first
    five years and averaging 196,000 ounces per annum over the mine life of
    19 years, for a total of 3.72 million ounces of recoverable gold over
    the life-of-mine (LOM).
-   Average annual copper production of 53.5 million lbs for the first five
    years and averaging 49.4 million lbs per annum over the19 year mine
    life, totalling 938 million lbs of recoverable copper over LOM.
-   Total Gold Equivalent ounces produced over the 19 year mine life is 6.22
    million.
-   Total operating cash cost of US $379 per gold ounce with copper as a by-
    product credit and US $483 per gold ounce on a co-product basis (Copper
    cash cost is US $1.05 on a co-product basis).
-   Project net present value ("NPV") of US $316 million based on an 8%
    discount rate at prices of US $900 per ounce for gold and US $2.25 per
    pound of copper.
-   At near spot metal prices of US $1,000 per oz gold and US $3.00 per lb.
    copper the NPV is US $731 million based on an 8% discount rate.
-   Project internal rate of return ("IRR") of 15.7%, with a 4.9 year
    payback on an initial Project capital expenditure of US $509.4 million,
    at a gold price of US $900/oz and copper price of US $2.25/lb.
-   Project internal rate of return ("IRR") of 24.2%, with a 3.3 year
    payback on an initial Project capital expenditure of US $509.4 million,
    at a gold price of US $1000/oz and copper price of US$3.00/lb.

"We are pleased with the positive results from the PEA" said Dino Titaro, President and CEO, "especially with the potential to grow the resource base at the gold-rich Ciresata porphyry which is a covered deposit discovered during the 2008 drilling campaign". Mr. Titaro added "we believe that with additional deep-drilling at Ciresata, where many of the drill holes ended in mineralization, and additional step out drilling to test lateral extensions and nearby porphyry targets, the demonstrated economic viability of the RVP Au-Cu project could be further enhanced. The lack of legacy mining issues and sensitive archaeological sites, the use of a flotation process for Au-Cu recovery, which does not require the use of cyanide, and strong community-based stakeholder relations have provided Carpathian with good support from the local communities. For Carpathian, this PEA study which demonstrates economic viability of a large long life deposit with approximately 200,000 gold only ounces per annum production (+325,000 Au-eq ounces), combined with our near term production potential from the Riacho Dos Machodos gold project in Brazil, which is in the feasibility stage with +100,000 ounces gold per annum production as demonstrated in its PEA study, puts Carpathian's future production profile within the mid-tier gold producer ranks".

The RVP is located approximately 17 km northwest of European Goldfields Certej gold-silver Project which is quickly moving forward on its permitting process and construction permits as outlined in their press release dated March 16, 2010.

I would first like to thank Peter Grandich for mentioning my Website on his Blog on Agoracom.com.  He mentions it under his "Things" article-posted on March 19th. "Interesting Blog".  Here is the link: http://grandich.agoracom.com/2010/03/things-29/ 

I just updated my March Updates Page.  I have coverage on CPN -Carpathian Gold.  I  should have Silver Quest Resources-SQI up soon.  As you all know gold is getting hit today.  I would take advantage of the pull back.  XRC-Exeter Resources is trading around $7.03.  They have a massive gold deposit. Expect news from XRC very soon- "We are currently planning a new “interim” resource in late Q1/early Q2 for Caspiche based on drilling to end 2009; our major goal for this “interim” resource is to increase the confidence in the higher grade central core to “indicated” category. We believe that this will better allow us to complete the final drilling to effectively move the major part of the high grade zone into this category for our final resource expected late Q3. We also expect our drilling to increase the size of the project."  I would also like to introduce Extorre Gold Mines XG.to here is the link to their website: http://www.extorre.com/

I also bought Focus Ventures-FCV on friday.  The stock pulled back nicely Friday and I believe it was a great buying opportunity after doing some due diligence.  I will have Focus Ventures also featured on my March Updates Page. Ecometals-EC is also looking like a great buy today-not sure why it's getting beaten down today?  I would also take a second look at CRK-Crocodile Gold.  The stock has pulled back and came out today with their production forecast and their plans for 2010 today.

Highlights include: -Crocodile Gold-CRK

• Production of 120,000 ounces of gold;
• Cash Costs of US$650 per ounce; and
• Major exploration budget of US$23 million focused on a substantial resource expansion.

I removed my Stock Talk Forum and Guest Book Page.  The Question Board will replace both of these pages. 

I can beleive it. The company came out with ok earning,...then the Vancouver Sun comes out with this article -DFO Article: see the link or the article I pasted below.
http://www.vancouversun.com/business/Taseko+Mines+environmental+plan+falls+short+says/2701472/story.html

I highly recommend taking a position in Taseko Mines. I just increased my position today at $4.78 and will be accumulating on further weakness.  Nervous Nellies (http://www.youtube.com/watch?v=inDf6-TUq5s)  are selling,...but these levels are welcomed by me as a buying opportunity.

Lex Corp News Letter Update


I would also take a look at CRK-Crocodile Gold which has also pulled back today and Galway Resource-GWY.  ANO-Anatolio Minerals is also starting to look attractive again.  CPN-Carpathian Gold- 11mil.oz. I expect to hear news about them receiving a mining license in Romania.  Get CPN while you can.

Here is a free issue of GMF-Global Mining Finance- I recommend reading the 2 article they have about Carpathian Gold - Link: http://www.globalminingfinance.com/documents/gmf-2010.pdf  Enjoy!

XRC-Exetere Resources and XG-Extorre Gold Mines-(spin out of Exetere)  Investor have so far benefited from the spin out.  I expect a new resource update by next week on Exetere Caspiche Project.  The stock will be back up above $8.00 soon and I expect a take over arount $15-$17 by Barrick.  Thanks for the free XG shares. SQI-Silver Quest seems to be consolidating around .50cents.  If positive news keeps flowing we should see a much higher share price by the summer-expect to take the Richfield Ventures-RVC ride.  GBG-Great Basin Gold - $1.75 "taking candy from a baby" http://www.youtube.com/watch?v=Mw2kjkRSWSk

Equinox Minerals-EQN  I have said it many times.  EQN is a 300mil.lb/yr copper producer that can't be ignored. I have said it and still believe the Chinese Company probably have this on their radar as a takeover.  See Market Call BNN- video time 9:40 Michael Smedley said China will most likely buy EQN.  http://watch.bnn.ca/#clip278300

I am also looking at buying Focus Ventures-FCV- drill results soon. It's popped up on the radar today.  EC-Ecometals is starting to look cheap again at .75cent, and RSG-SearchGold- (high risk) seems to be holding up well after yesterday 100% gain.

Watch my March Update Page- should have coverage on Carpathian Gold-CPN and Silver Quest-SQI.


Article: DFO Taseko Mines

Fisheries and Oceans Canada has offered a critical assessment of Taseko Mines Ltd.'s proposed environmental mitigation plan for its Prosperity gold mine, which could pose a serious barrier to the $800-million project.

The Prosperity mine, 125 kilometres southwest of Williams Lake, would destroy a 111-hectare lake that is slated to be used as a tailings pond and DFO "has identified a gap" between existing fish habitat that would be lost and what Taseko is proposing to replace it with.

Taseko's environmental mitigation plan passed a provincial environmental review, which deemed it able to "adequately address the relevant policy goals," but the project still faces a federal environmental review in which DFO has considerable say.

However, Taseko said it remains confident it can demonstrate its compensation plan does meet DFO's requirements and it will "welcome the opportunity at the panel hearings to present to them and defend why it is that we came to that conclusion," said Rod Bell-Irving, Taseko's manager of environmental project development.

Chief Bernie Elkins, acting head of the Chilcotin First Nation, said his people share the concerns that DFO has identified and are hopeful the environmental-review panel will take them seriously.

"At this point, about killing the lake, we still [ask], 'Is that the only option?' " Elkins said. "And we don't quite believe it's one or the other."

In its written submission to the environmental review, DFO said it "considers the planned development a high-risk proposal with the potential for significant adverse environmental effects."

DFO's policy is that resource development must cause "no net loss of fish habitat," which requires project proponents to replace any habitat lost with newly created, equally productive habitat.

In its submission, DFO said that because of the large amount of habitat the Prosperity mine would destroy, "DFO expects a compensation plan which includes a compensation ratio that is greater than (one-to-one) with respect to the quantity of new habitat required."

Taseko's environmental plan includes the creation of a new lake to replace the highly productive body of water slated to be turned into a tailings pond, as well as a spawning channel and a fish hatchery to maintain the genetic lines of the lake's native, isolated population of rainbow trout.

However, DFO, in its submission, said Taseko hasn't included all the habitat being lost in its calculations for habitat compensation because the plan doesn't account for tributary streams that would be affected.

The submission also warns that "irreversible changes" could be made before the mitigation plan's success can be demonstrated.

"The alternatives assessment has not adequately characterized the risks to fish and fish habitat, and as a result, the overall conclusions of the assessment may be overstated as viable options," the report said.

However, Bell-Irving said DFO's policy does not necessarily require that a project proponent replace the exact area of fish habitat being lost, and Taseko did not use equal replacement as the criterion for its plan.

The plan, Bell-Irving added, included elements "entirely in keeping and consultation with the direction we received from the province."

"The challenge has been to serve both masters, the federal government and provincial government," Bell-Irving said.

Bell-Irving added that Taseko is in discussions with DFO to address concerns the agency has raised and he believes it has already answered some of them.

"We made it clear we wanted to develop a [habitat] compensation plan that would meet the objectives of DFO, and the province and first nations," he said. "That remains our objective."

depenner@vancouversun.com

I had a great time at the PDAC show.  One company I came across is trading around .12cents and has aprox. 8.5bil. lbs of copper.  I had a very good conversation with the CEO about his company.  The company is called Los Andes Copper-LA.v This is an early stage copper exploration play.  The company will have to do a financing to fund further exploration to grow this deposit.  I am doing some more due diligence and will announce when a position has been taken.  I also had a pleasure meeting the folks from Exeter Resources and Avion Gold.  I was very impressed with everything I heard.  I also spoke with reps. from Fission Energy-FIS.  They are currently drilling next door to Hathor Exploration.  FIS released excellent results from one hole to made the stock run over $1.00.  Now that it has pulled back I am watching this one very close.  .50cent would be a great entry point.   I also met Carpathian Gold-CPN.  CPN is has over 11mil.oz of gold at their Romanian Projects.  This resource they have in Romania was put out in 2008, which effectively doubled the resource of a year previously.  The CEO-Mr.Titaro is looking forward to a preliminary economic assessment that will help the company convert it's exploration license into a mining license.  If they get a mining license you will see a big run up in the stock.  Lately, the stock has been moving up with some nice volume.  The company has an excellent relationship with the Romanian government.  The other project they have is in Brazil-Riacho do Machados Project. This project is a mult-million oz gold deposit that should be producing aprox. 100,000oz a year in 2011.  I highly recommend keeping an eye on CPN.  Taking into consideration what they have in the ground the stock is trading at a discount.  I also had to the pleasure to speak with Kevin-(investor relations) from Equinox Minerals-EQN.  Everything I heard from him was very positive and I am still a long term shareholder.  Of all the companies I met,..Carpathian Gold-CPN was the only one that convinced me to buy their stock.  I have alot of reading material that I picked up at the show that will probably take weeks to read.  I am still reviewing companies that have caught my attention and will be providing feed back in the coming weeks. 

On my March Update Page. I will have coverage on Anatolia Minerals-ANO, Noront Resources, Carpathian Gold-CPN, Silver Quest Resource-SQI.  I own a position in all these companies. 

I would also like to mention that CRK-Crocodile Gold and ADM-Andina Minerals are looking very attractive today. -Bargain Buys-

I am off today to the PDAC.  Plan to spend most of the day their listening to speakers and talking with company reps.  I will have a PDAC update this week on the site.  Here is the link to PDAC if you are interested. http://pdac.ca/pdac/conv/index.html

This week I took a position in Oceana Gold-OGC, ELR-Eastern Platinum, EDV-Endeavour Financial and as a speculative play-EFG-First Gold Exploration.

Oceana Gold is working on being an unhedged gold producer.  They currently produce over 300,000oz at a cash cost of $411oz.  As they work to get rid of their gold hedge we should see a higher valuation for the stock.

ELR-Eastern Platinum- Platinum is "HOT". If you need to own a platinum stock that everyone knows and likes,....it's Eastern Platinum.

EDV-Endeavour Financial- is a merchant bank for junior resource companies.  They are currently trading at a discount.  Their current book value is aprox. $3.40.  If you were to count their investment in Crew Gold-CRU then you should have a book value close to $5.00. Insiders have been buying.

EFG-First Gold Exploration- is a lithium, rare metals play. I am expecting some news soon and if it's positive we can see another run up. Investors need to see more than just one whole wonder. They are currently drilling on it's Lac/Pivert Rose Lithium and Rare Metals Property.  The company also has some gold projects.  The stock has dropped down alot from it's 52wk high of $1.03.  It' appears to be consolidating between .35-.40cents.  This is a speculation play and I wouldn't bet the farm.

Hope you all enjoy your weekend and see you at the PDAC.

 This week we saw Ecometal-EC jump up on Feb. 23rd as much as 80% in one day on some positive news.  Most investors who are in this stock believe this could be the next Aurelian just because they own the property next door-Project Rio Zarza.  On the day of the run up I recommend those who bought the stock below .70cent to take profits because a pull back was to be expected after a nice run up.  The stock did pull back 2 days later to .83cents. I had to opportunity to pick up shares at .85cents and will be buying more if it goes lower.  Yesterday, the stock had a strong finish and closed up 18.18% at $1.04 with some nice volume. The buyers are back in buying the stock on anticipation that the drill results will be a home run.  Closing above $1.00 was very positive for the stock and it appears it might stay above $1.00 until we see the next drill results. I recommend buying on weakness,..this is one stock you want to hold onto if you are speculator. http://www.ecometalslimited.com/

Galway Resources-GWY who is drilling next door to Ventana Gold is another stock that could give investors a home run.  What I like about Galway -GWY is that they have more than one project.  Yesterday, they came out with news "Galway reports high grade results as grades and strike lengths improve at El Volcan".  The stock saw a drop then a jump later in the day. I believe some investors got tired waiting for drill results from California Gold Project next to Ventana.  I believe investors don't realize the true value of Galway's  El Volcan. This could be a multi-million oz gold deposit.  Investor should take a hard look at this stock.  It's pulled back from it's highs and it's currently trading at a great entry level. Buy aggressively under $1.00. I highly recommend reading up on the news releases: http://www.galwayresources.com/s/Home.asp

I also took a position this week in Chariot Resources-CHD. Management sent out a news release Feb.22nd -"At the request of Market Surveillance, on behalf of the Toronto Stock Exchange, Chariot Resources Limited (TSX: CHD) announced today that as part of its announced sales process Chariot is currently in exclusive negotiations with a third party with respect to a potential transaction pursuant to which the third party would acquire all of the outstanding shares of Chariot."

I believe Chariot Resources will stay trading around .57-.62 until we hear what the offer will be. I believe Chariot Resources management will except anything between .90-$1.00. This would be a very nice profit for investors who are buying the stock at current prices. I am crossing my fingers.

I also took a position in Emerge Oil and Gas-EME.  They have excellent management who are from Galleon Energy. Plus, they have an aggressive drilling program in place to grow reserves in 2010. EME was a top pick on BNN: http://watch.bnn.ca/#clip267372

Stocks to watch: Great Basin Gold-GBG is cheap and under-appreciated. They will be a mid-tier gold producer by late 2010. Both mines combined should producer aprox. 370,000oz a year. At $1.70 it's a bargain. 

I am also holding onto my shares of KMK-Continental Minerals. I am hoping Peter Grandich is right on this one being a take over target.  With 2 big Chinese companies already holding a position he is probably right.  This is Peter Grandich's biggest holding.  $3.00+ is what I believe management wants.

Equinox Minerals-EQN. Has a world class copper project. They are finally ramping up to full production and earnings- Q1 should be out May 12,2010. They expect to produce 300mil.lbs of copper at a cash cost of $1.35/lb-cu. This stock should be trading much higher. EQN would be a very attractive asset for a Chinese mining company. EQN has a 30yr mine life.

XRC-Exeter Resources- it's Caspiche Project is only going to get bigger and bigger. After they spin out the company. I believe Barrick will come in and and try take Exeter Resource out. I believe management will try to increase the resource before an offer is made. If Caspiche's resource is increased north or 40mil.oz and 8bil.lbs of copper then I believe a take out price could be north between $18-$20. I have been buying XRC aggressively on corrections.

Recommend to put on your watch list-BUY RECOMMENDATIONS : BTO-B2Gold, TMM-Timmins Gold, MDM-Mineral Deposits, PRU-Perseus Mining, MLL-Medusa Mining, NDM-Northern Dynasty Minerals, GSC-Golden Star, CSI-Colossus Minerals, CRK-Crocodile Gold, NSU-Nevsun Resources. If you are bullish on gold, these stock will all do very well.

March Update Page- Coverage coming on Anatolia Minerals-ANO.to is an up and coming low cost gold producer trading at $3.60. I will also have coverage on Emerge Oil and Gas-EME.

I also took a position in Yellow Pages Income Fund-YLO.un. They pay a monthly dividend of .0667 per unit. This is aprox. a 14% yield. The fund is trading at $5.90.  Plus, they are still going to be paying out a nice dividend in 2011. I own this in my TSFA account this way I don't have to pay the taxes on my gains.  

Please do you due diligence before investing.

I have added a new page: Stock Quotes

I have just updated my February Update Page.  I now have coverage on Perseus Mining-PRU.to and I will have coverage soon on Medusa Mining-MLL.to Both stocks new to the TSX and are lightly traded on the TSX. Both are possible take-over targets.  

February 26th 2010- Medusa Mining Coverage on my February Updates Page.

I usually would put company coverages on my monthly pages-January Update 2010.  But, I descide it would be best to explain the Exeter Resource -XRC story on my Home Page.  Please feel free to and visit LexCorp on www.facebook.com. I usually update my Facebook daily.

Exeter’s Caspiche Project in Chile (option to own 100% from Anglo American Chile Limitada) is a gold-copper porphyry system, a type of deposit common to many of the world's largest open pit gold-copper mines. It is located 15 kilometres (8 miles) south of Kinross Gold's Refugio mine (+6 million ounce gold resource), and 10 kilometres (6 miles) north of the very large Cerro Casale gold-copper deposit (24 million ounce gold resource), jointly owned by Kinross Gold and Barrick Gold.

In October 2009 Exeter announced an updated National Instrument 43-101 (“NI 43-101”) compliant mineral resource estimate for Caspiche, for all drilling conducted to end 2008-2009 drill season. The inferred resource is 19.6 million ounces gold, 4.84 billion pounds of copper, and 40 million ounces of silver, or 32.4 million gold equivalent ounces (refer to October 20, 2009 News Release). The additional 12.8 million ounces of gold equivalent is calculated using a copper conversion price of US$2.00 per pound, a silver price of US$12.00 per ounce and a gold price of US$800 per ounce (assuming 100% recovery). The resource estimate leaves the deposit open for expansion to the southeast and to depth.

Drilling re-commenced at Caspiche in October with a programme that will build to a total of four drill rigs and will continue through to May 2010. The drilling program has been designed to expand the resource, to in-fill the highest grade area to improve the status to “indicated resource”, and for infrastructure, metallurgical, engineering and environmental studies. The Company has budgeted C$13 million to conduct this program from September 2009 through to September 2010. 

Since my last post we have seen a crazy sell off in the markets and especially in gold/silver/copper stocks. I don't know if this downtrend is over yet but I believe tomorrow gold stocks will be in the green.  We are seeing alot of gold stocks over sold.  I did take a position today in a few.  I purchased XRC-Exeter Resources, Galway Resources-GWY, Nevsun Resources-NSU, Golden Star Resources-GSC and Taseko Mines-TKO.  I believe all these stock have big upside, if gold has finished it downward trend.  If you are bullish on gold long term then I believe these stocks that I bought today will do just fine.  All of these stocks are still trading at very attractive levels this may change soon.  Evaluate your risk levels because 2010 is looking like a bumpy ride. 

Why Exeter Resources-XRC is one of my top holdings watch the CEO talking on BNN: http://watch.bnn.ca/#clip259646   I am going to take a guess here.  I believe GoldCorp or Barrick Gold will take out Exeter Resources after they split the company.  JMHO

I am also watching AVR-Avion Gold, TMM-Timmins Gold and B2Gold-BTO. CRK-Crocodile Gold has been holding up well lately. Some of the oil plays are also starting to look attractive-I am watching ALE, CNE and IAE.  Platinum play ELR-Eastern Plat. is also looking very attractive.

George Soros mentioned today that gold is the "ultimate bubble".  Old age must be kicking in fast for poor George that he doesn't know what a bubble is any more.                     If you remember the "tech bubble", everyone knew and heard of  Nortel. Everyone's mother/father/brother and sister were investing during the tech bubble.  If knock on your neighbor's door and ask he/she if they ever heard of Barrick,Kinross or Gold Corp I bet you the answer will be no. Another thing to remember is that the U.S Dollar has been oversold for months.  Sooner or later it would need to have a bounce up.  This is what we are currently see and this is what is bring down the price of gold.  The President also mentioned yesterday that he wants to double exports.  To make U.S products attractive for exporting,...the U.S dollar will have to be very low levels.  This makes the product more affordable and attractive to foreign buyers.

The current drop in gold prices is temporary folks.  China is still growing and will need lots of metal to build their cities.  The U.S Dollar long term will head much lower and investors will look to gold as a safe haven.  Be selective on your investments and do you due diligence.

Here is some technical analysis on gold:

 http://jsmineset.com/wp-content/uploads/2010/01/January2810Gold.pdf

 What Peter Schiff had to say about the "State of The Union Speech".

http://www.youtube.com/watch?v=yUu7_WL4948

You can also visit Lex Corp News Letter on Facebook. Type: LexCorp

http://www.facebook.com/

Over the next few trading days I will be watching the price of gold very close.  I believe gold has entered into a downtrend.  Today we saw gold alittle higher today but all the major gold producer had a sell off?? The TSX barely finished in the green. I have also looked at a few dozen of gold stocks and found the charts all have similar downward trends.  Today, I sold off my position in 4 gold stocks. AVR-Avion Gold, CRK-Crocodile Gold, Timmins Gold-TMM and Galway Resources-GWY.  It was very painful to sell these stock because I believe longer term they will be trading much higher and they have excellent projects.  But, I believe in uncertain markets you should sometimes take the money and run.  I was up between 20%-50% on these stocks and made a nice profit.  I believe the markets are going to have a major sell off and gold -with most commodities will join the ride.  In the short term the U.S Dollar will be on the move up.  I hope I am wrong but for now I have my Bear outfit on.  Holding on to "Cash".

Today we saw most commodities in the red. Gold fell as much at $27.40 U.S causing a sell off in alot of the gold producers and exploration stocks.  Silver, Copper and Oil stocks also took a big hit today.  Platinum has also finally pulled back. For those wondering I did sell my position on Eastern Platinum-ELR and made a nice profit.  I will most likely re-purchase ELR again when I see some more weakness in the stock. I am not concerned about the pull back in gold price yet!  The only time I believe investors should be concerned is if gold breaks below $1000.  This will be very negative and I will most likely be a seller in some of my holdings.  There is a chance gold might touch $1050 as the U.S Dollar strenghthens.  Those investing in the U.S Dollar are eventually going to realize that they might as well buy toilet paper.  I believe they will eventually have paper money backed up by gold in the near future.  When and if this happens you will see a gold price in the thousands. Robert McEwen believe we will see $5000oz one day. When we have days like today, investors should be buying quality stocks and taking advantage of lower prices.  Any day now gold should be setting up for it's next leg up.  This is a temporary U.S Dollar bounce that won't last.

Stocks Purchased Today: Today I took a position in SQI-Silver Quest Resources.  I follow and respect Peter Grandich's opinion.  He posted on Agoracom.com site that he purchased in his account 400'000 shares of SQI on Monday. At todays price that is aprox. $140'000. That is not pocket change even for someone like Peter Grandich. So, he must have high hopes for this stock. Just like he has for Continental Minerals-KMK.

Read his blog here: http://grandich.agoracom.com/page/2/ 

The company did a private placement which brought the share price lower.  I believe this is an opportunity to buy cheap shares while you can.  SQI is coming up with some excellent drill results at their Capoose-(100% interest) and Davidson Project which has been optioned to Richfield Venture-RVI.  Silver Quest Resource is rated as a Strong Buy.

On Oct.3rd 2009 Bob Moriarty -321Gold.com wrote an article called "The Next Big Thing". He mentions Silver Quest Resources in the article and Richfield Ventures. I highly recommend reading it. Here is the link: http://www.321gold.com/editorials/moriarty/moriarty100309.html

Tomorrow, I will mention on my January 2010 Update Page a stock that all my readers should consider buying.  I recommended it in the past in one of my update pages.  I believe the stock is up over 100% from the time I recommend the stock.  I am looking at repurchasing the stock again based on some positive news that came out yesterday.

In the fourth quarter AVR should be producing 32,000 oz. So, if this continues into 2011 we should see 128,000oz in 2011.  I believe they could be producing as much as 40,000oz a quarter in 2011 for a total of 160,000oz.  Remember their goal is to be a 200,000oz gold producer. 

Avion Announces Record Production in Q4-21,300 Ounces

Avion Gold Corporation (TSX VENTURE: AVR) ("Avion" or the "Company") announces record monthly production of approximately 8,100 ounces of gold in December 2009 from its Tabakoto/ S?gala operations in Mali, West Africa, and record quarterly production of approximately 21,300 ounces of gold in the fourth quarter of 2009 at a preliminary cash cost of less than US$495(1) per ounce of gold. The total annual production for 2009 was approximately 51,300 ounces of gold and exceeded the previous forecast (50,000 ounces), at a cash cost expected at less than US$530(1) per ounce of gold.

Since starting mining operations in the first quarter, the company has recorded the following production highlights (see table):

- Quarterly Gold Production has steadily increased

- Ore Grades have increased

- Mill Recoveries have improved

Commenting on the 2009 production numbers, Avion's President and CEO, Mr. John Begeman, stated: "Avion's focus on this mine has resulted in a highly successful new start up, and has set the stage for Avion's continued growth in 2010 and beyond."

100,000 Ounce Production Planned in 2010

Plans for 2010 include open pit mining at the S?gala Main and NW deposits, and mining a small open pit at the Tabakoto deposit. Underground development of the Tabakoto deposit is planned to be well underway during the year. Gold production is estimated at approximately 23,000 ounces per quarter for the first three quarters, increasing to 32,000 ounces in the fourth quarter as the amount of development ore from Tabakoto underground increases.

Here is what was posted today on my www.stockhouse.com blog: LexLuthor2 Also, remember folks that LexCorp is now on Facebook.com

As I write this update. My order just got filled on Explor Resources-EXS. EXS has some very interesting properties that could come up with some big discoveries. They should have some drill results out this month. For those who don't follow Greg McCoach. It's one of his top 10 favourites. If you are interested in subcribing to his news letter visit www.miningspeculator.com I will have coverage on Explor Resources and Abacus Mining and Exploration on my January Update Page in the coming days.

I am recommending my regular readers look at GBG-Great Basin Gold. I am recommending this as a Strong Buy at current levels. Buy on weakness if possible.

I am Bullish on Oil for 2010. I like companies like Antrium Energy-AEM, Sea Dragon-SDX, IE-Ivanhoe Energy, Ithaca Energy-IAE and Speculative Play-big disovery potential-WZR-Westernzagros.

Lex Corp News Letter Stockhouse.com Blog- Todays Posts

LexCorp take position in Explor Resources-EXS "Exploration Upside"

EXS has alot of exploration upside.  We should have some results out this month. They are currently drilling their Timmins Property next to West Timmins. Drilling starting in Nov.2009. They got 2 drilling turning on this property.  If results are similiar to West Timming drill results- "Watch Out".  The other property I like is Kidd Township Property.  If results from the Kidd Property are impressive I am sure that will catch Xstrata's attention. 

http://www.explorresources.com/operations/

"The property is located in Kidd Township approximately 1.5km south from Xstrata's Kidd Creek mine in the Abitibi Greenstone Belt, which is composed mainly of meta-volcanic rocks cut by faults and deformation zones that lie in a northwest to southeast direction. Previous drilling by Xstrata, South of Explor's property yielded anomalous Cu-Zn values".

On The Radar Sea Dragon-SDX Up 12% Today

To my regular readers: If you are day traders you should be happy with the 12% gain within 2 days.  I covered the stock on my website on Jan. 6th 2010. See Jan. 2010 Update Page for coverage on SDX. Turn the speakers on if you want to have a laugh at the music I attached to the coverage page.

I am holding on longer than 2 days.  I have a longer term hold for SDX. 

Great Basin Gold-GBG Breakout Above $2.00

I mentioned on my website that the breakout GBG had this week on Jan 6th above $2.00 was very positive buy signal.  The stock is currently trading at $2.05 and gold start to go into positive territory today.  GBG was one of the biggest underperformers in 2009.  This is one gold producer that didn't participate in the gold rally last year.  Look what happened to IamGold who was a  lagger at one time.  GBG is producing and should be producing from their Burnstone Project in 2010.  GBG has take over written all over it. 
 
"Burnstone is the first new mine to open in the Witwatersrand region for more than 30 years. It is a shallow, low cost, low risk mine with a 19 year mine life and is fully financed. Production and commissioning of the metallurgical plant is targeted for June 2010. Anticipated average annual production is 254,000 oz at a cash cost of US$319 per oz., with a substantial upside potential for later phases of development that will position Great Basin Gold as a leading mid-tier gold producer."

With both mines in production GBG will be producing aprox. 375'000oz of gold.

AME-Abacus Mining and Exploration "Still Early To Buy"

Here is some info. about AME - I believe this stock has alot of upside.  At .20cents it's cheap.  I will have coverage on my website this week. 

Highlights (All figures in US dollars and pre-tax)

• Average annual production estimated at 106 million pounds of copper and 99,400 ounces of gold in concentrate
• Net present value of $192.7 million discounted at 8%
• Mine life of approximately 23 years
• Return on initial capital expenditures of $535 million is 40.4%
• Existing infrastructure including mill buildings, shop facilities, tailings area, haul road, water rights and related permits
• Excellent exploration potential for expansion on strike and at depth

In June 2009 Abacus completed a compliant positive preliminary economic analysis on the Ajax property, after a series of successful drill programs from 2005-2008. The results of the PEA indicate the potential for a robust mining operation capable of processing 60,000 tonnes of ore per day. Metal prices used for the base case are US $2.00 per pound copper and US $700 per ounce gold.

The Ajax property comprises eight 100% owned Crown grants including the historic Ajax East and West pits. Also included is an interest in claims between the pits acquired as a result of a joint-venture agreement signed with New Gold Inc. The Ajax area lies nine kilometres southeast along an existing haul road from the Afton mill, shop facilities, tailings area, and water rights which Abacus agreed to purchase in 2005 from Teck-Cominco.

I have updated my January Updates 2010 Page today.  I have coverage on Sea Dragon Energy-SDX.  I took a position in this stock today and I am hoping to see a higher share price in the coming weeks as oil prices strengthen.  I also took a position in Abacus Mining and Exploration-AME. They have 2.71bil.lbs of copper and 2.48mil.oz of gold. They have put a study out that they could achieve an annual production of 106mil. lbs of copper and 99'400oz of gold. At .20cents the stock is cheap.  I also took a position in Copper Fox Metals-CUU. I believe Tech. and NovaGold will proceed with the Galore Creek Project which should give a boost to CUU's share price.  Copper Fox Metal still has a world class deposit and at .18cents their is still alot of upside. I have also increased my position in GBG-Great Basin Gold.  The technicals look great. Today we saw the stock mover up above $2.00. This is a very positive signal. GBG has been a lagger in 2009 and should shine in 2010.

I have to say that late 2008 and early 2009 looked very scary in the market.  There are still alot of investors out there who is still staying away from the stock market after the financial melt down.  I believe these investor will start entering the market in 2010.  As the economy starts improving in 2010, investor convidence should turn positive. The flow of new investors should push the market up in 2010 to new all time highs.  Here are some of my predictions for 2010. 

Oil Prices will reach $100 and should stay in a trading range between $90-$100 for the rest of 2010.

Gold - this metal will make a new highs in 2010. I predict gold will reach $1800 by the end of 2010.  I also believe it will be a rough ride getting there.  The U.S dollar has been oversold and as the U.S economy improves world economies might start buying U.S Dollars again which could give it a temporary jump.  A break down below $1000oz will be very negative for gold. In 3-5yrs I believe gold will be trading closer to $2500-$3000.

Silver- I believe this metal will finally break above $20.00.  I expect to see a trading range between $20-$23 in late 2010.  

Copper- This metal has recovered nicely in 2009 and will make new highs.  I believe Copper will reach a high of $4.25 by late 2010.  Making stocks like Equinox Minerals-EQN, Capstone Mining -CS and even small little juniors like Revett Minerals-RVM will be very profitable.

Stock That Will Shine In 2010

CRK-Crocodile Gold -is one of my biggest holdings. Management is doing a great job bring their projects into production.  see December Update Page. -News Dec.29th First Gold Pour.- Plus, just today Peter Grandich came out with his report: http://grandich.agoracom.com/

AVR-Avion Gold- is acquiring property, and is a gold producer that is still in the early growth stages. AVR has alots of growth and I believe this stock will be trading 100% higher from todays prices-(.65) in 6mths.  They have excellent management. Stan Bharti who is well known in the mining world sits on the board.  They should be producing over 100'000oz by 2012. Sprott Asset Management also own 19% of this company and is one of their top holdings in their small cap fund.

Ecometals-EC - is drilling in 2wks at their Rio Zarza Project in Ecuador. This project is next door to Aurelians/Kinross Gold Discovery 13mil.oz+. I believe this could be a big year for Ecometals and shareholders.

Galway Resources-GWY is drilling their property next to Ventana Gold and Greystar.  We saw what happened to Ventana Gold this year!  The same could happen to Galway Resource if the drill results are similiar.  Expect some drill results in the first quarter of 2010.  Could be a very exciting year for GWY and shareholders.

IAE-Ithaca Energy- "NEW" -I have taken a position in this North Sea's oil producer. This company has over $30mil. in cash and no debt. They are currently in production and should move higher as oil prices move much higher in 2010. I will have coverage on IAE in my January 2010 Update Page. Cheap Stock!

EQN-Equinox Minerals- should have a big move up in 2010. Should be in full mode production. The market will eventually pay attention to this stock in 2010. It's under appreciated.

PRE-Pacific Rubiales - will finally break $20.00 in 2010.  Keep a watch on this growing oil producer.

KMK-Continental Minerals - will eventually be taken out in 2010 for $3.25. Some investors will grow impatience and sell the stock.  They will lose out!

NSU-Nevsun Resource -at current prices $2.50 the stock is very attractive.  The stock has pulled back from $3.66 only a few weeks ago due to U.N Sanctions. These sanction shouldn't impact the project but could impact the debt facilities. Management already has financing alternatives.  Investors got scared and sold.  NSU will be producing late 2010-mills and crushers have been delivered.

TMM-Timmins Gold - Should be in full production in January 2010. They will be producing between 80'000-100'000oz per year at a cash cost of $412. 

I would like to wish everyone a very profitable 2010. 

 "Happy New Year"

 I now have Lex Corp News Letter on Facebook.  If you are a Facebook member. Type Lex Corp in the search area.   http://www.facebook.com/

For those who are watching CRK and AVR. Both stocks had a great day today.  I highly recommend watching EC and GWY. These could be big movers in 2010.  RVM-Revett Minerals also had a great day today. Stock reached .37cents today and was recommend at .15cents.

Gold had a solid day today.  AVR-Avion Gold, Crocodile Gold-CRK both finished up nicley today.  I believe these 2 stock will be leaders in this gold bull market.   Ecometals-EC also finished up nicely today.  EC could be sitting on a deposit similar to Aurelian/Kinross in Ecuador. Drilling is starting in 2-3wk.  AHR-Amarc Resources who is part of the Hunter Dickinson Group has found a new gold zone.  This management has a great success record.  I recommend taking a position in AHR as drill results should be out very soon.  Galway Resource-GWY is drilling next door to Ventana -VEN.  If results are similiar to VEN or Greystar's deposit you will see a major run up in the stock. 

I would like to wish all my readers a wonderful Christmas and peace to all men, women and children of the world. 

I have updated my December Update Page. I finally have coverage on Crocodile Gold -CRK which trades on the TSX. This is a new up and coming gold producer that just got listed on the TSX and is starting to attract alot of gold bugs and the market. 

I would also like to mention that I have been increasing my position in Avion Gold-AVR. This stock is currently trading at .49cents and is doing well as gold pulls back.  Sprott Asset Management who owns a big position in AVR is well known for home run stocks and I believe AVR is one of those.  At .49cents and production growing this stock is currently undervalued.  I highly recommend accumulating on down days.

I have also increase my position in KMK-Continental Minerals.  This is currently my biggest holding in my trading account and I also own this in my retirement trading account.   Two Chinese companies hold a big position in KMK and I believe the stock will be taken out in the new year.  Peter Grandich is also a big shareholder, making KMK his biggest holding. He has mentioned it more than once on his blog that KMK management won't except anything under $3.00.  I believe they will get taken out between $3.00-$3.50. 

I highly recommend keeping GWY-Galway Resources and EC -Ecometals on your radar.  Both these companies are drilling and should be coming out with news in the next few weeks.  Both of these companies are drilling next to very big finds.

More updates to follow.......

It's been awhile since my last update.  I have just came back from Las Vegas and I am slowly trying to improve my website.  I have been providing updates to most of my readers on my blog on http://www.stockhouse.com/ site.  For those of you who are not familiar with stockhouse.com I highly recommend checking out the website.  On the stockhouse.com home page you will see a section called "Top Rated Members".  I am Lexluthor2.  You can read all my posts and see my public portfolio by clicking on my member name.  I should also have a December Update Page available on my site this week.

Gold has hit an all time high of $1,217 this month and has recently pulled back.  If gold falls below $1050 then I will be concerned.  I believe $1050 could be the bottom for gold. A break down below this price will be very negative for the price of gold and gold stocks in general. I will start thinking about taking some profits if gold prices weaken any further.

I highly recommend checking out the Gold Investor.Com Website.  You will find alot of articles and useful information.  Jay Taylor also provides valuable content on this website.

                                     Returning To The Gold Standard

We all have to remember that India bought 200 metric tons of gold from the IMF-International Monetary Fund.  India did purchase the gold at an average price of about $1,045 an ounce. The reason they purchaed all this gold is because India believes the U.S Dollar is heading much lower levels. If we have a weaker U.S Dollar we should have a higher gold price.  Over the weekend, the Russian Central Bank also announced that they are buying  30 tonnes of gold from the State repository who was planning to sell gold in the open market.  Central Banks worldwide have also been building up their gold reserves at current prices.  I believe they are all doing this because they see a devaluation in the U.S Dollar. Currently, the U.S. Government can print trillions of U.S dollars with nothing to back it up. Maybe, we should all have a printing press at home?  At one time the U.S Dollar was backed up by gold until President Nixon removed the gold standard on August 15th 1971.  Watch Video: http://www.youtube.com/watch?v=iRzr1QU6K1o  People, investors, and the world economies have lost confidents in the U.S Dollar.  Other currencies like the Canadian Dollar and the Euro have been increasing in value and attracting investors.  Investors are looking for a safe haven and I believe long term gold is the answer. The only way I believe the U.S Dollar will survive is when the gold standard is brought back.  In the mean time be cautious with your investments and take profits. You will have pull backs and buying opportunities.  Long term gold should move much higher. 

Stock Updates:

Crocodile Gold-CRK has been doing great.  I recommended it as a buy on my blog-stockhouse.com at around $1.18.  This is an up and coming gold producer that has been recently been listed on the TSX.  It reached a 52wk high last week of $1.70.  This move up was mainly due to Peter Grandich who has now has a relationship with the company. I will have coverage this week on my December Update Page.

Visit Peter Grandich's Blog at Agoracom.com : http://grandich.agoracom.com/

Posted by Peter Grandich at 8:46 AM on Wednesday, December 9th, 2009

I’m very pleased to have been engaged by a very significant emerging producer Crocodile Gold (CRK-TSX). I continue to favor emerging gold producers. The company is backed by one of Canada’s premier private merchant banks, Forbes & Manhattan. What Crocodile Dundee was with a knife, Stan Bharti may be with resource companies. A detailed report will follow in the coming days.

Avion Gold-AVR is another one of my favourites.  This is a gold producer that should be producing over 100'000++ in a few years.  Currently, they expect to producer aprox. 80,000oz. per year. I have coverage on my October Update Page.  I have recommend this stock between .28-.35cents.  Currently, the stock has pulled back from .52cent to .42cents. This is very cheap gold producer with future production growth.  Also, make note that Sprott Asset Management hold a 19% position in this stock.  It's one of their top holdings in one of they funds.  I recommend buying this one on weakness.

KMK-Continental Minerals-This company is a take over target.  They currently have 2 major Chinese gold companies who are shareholders.  One or both will eventually takeout KMK so that they can develop the Xietongmen Copper/Gold Project.  Also, make note that Peter Grandich also owns a very big position in this company.  I believe he probably own over 200,000 shares.  I recommend reading Peter's posts on Agoracom regardind KMK.  I will be increasing my position on weakness.

I have also taken a position last month in B2Gold-BTO and in Timmins Gold-TMM.  BTO is a gold producer with excellent managment and TMM has finally pour their first gold bar.  Since my recommendation on my blog BTO is up 13% and TMM is up 11%. 

Galway Resource-GWY- I believe this company is sitting on a multi-million oz. gold deposit similar to Greystar.  Drilling has started and now they will have to prove it.  This is a very exciting time for GWY shareholders.  I recommended this on my blog around .83cent and the stock currently trades at $1.71. 

EC-Ecometal- See my October Update Page for more information. I have recommended this stock around .42cents and it's currently trading at $1.14.  This is a very speculative stock with big upside potential. 

more updates to follow......

Visit my Twitter: http://twitter.com/LexCorporation

Early last week I recommended buying EC-Ecometals Limited and GWY-Galway Resources.  Both these stock have moved up nicely since my recommendation.  Both these companies have excellent projects that are next to big gold discoveries.  I have provided coverage on my October Updates Page.

Gold is finally pulling back, but I believe it's time to head up again. The dollar doesn't know how to stay down for the count.  This dead cat bounce is temporary and I expect gold to move much higher in the next few weeks.  Remember folks, we are going into November and December which tend to be very good months for gold.  Take advantage on pull backs but don't be scared to take profits.

Short but brief and few predictions:  GBG-Great Basin Gold came out with some great news today. I believe this is still one gold producer that hasn't enjoyed the run up in gold.  I recommend buying the stock.   Equinox Minerals-EQN is still my biggest holding and I believe it's heading much higher. I believe copper prices will reach $3.50 by Spring 2010.  KMK-Continental Minerals will be taken out by Spring 2010.  Amarc Resource-AHR which is part of the Hunter Dickinson Group is currently drilling. The management team should turn this company into a home run.  RVM-Revett Minerals- is undervalued, is a copper and silver producer and has over 220mil.lbs. of silver and over 2bil.lbs of copper.  If copper and silver prices stay strong into the new year I expect to see RVM trading between .50-$1.00 next year.  GPR-Great Panther Resource- has lots of production growth- $1.00 soon. TRX-Terrane Metals- is moving forward with their Mt.Milligan Project and GoldCorp is their partner. I believe TRX still has alot more upside.  By next year you could see TRX trading over $1.50.  AVR-Avion Gold - Production is increasing and costs are improving. AVR is another gold producer will alot more upside.  Best of luck and happy trading.

September was a great month for gold and the market in general. What will happen in October.  If you see my October Update Page. I have a bar graph that shows gold always underperforms in October and jumps back up nicely in November and December.  I believe this time it could be different.  Everyone is talking about a U.S Dollar rally, and that the U.S Dollar is oversold.  This might be true, but the fundementals are terrible.  I believe the U.S Dollar will have a "Dead Cat Bounce" http://www.break.com/usercontent/2008/6/Dead-cat-resurrected-to-life-521681.html

This will cause a temporary pull back in gold, but like I said it's temporary.  We are going into very strong seasonal months for gold -Nov./Dec. which is only a few weeks away. Today, gold is up $14.00 -$1016. This might be the next leg up.

Looking at the chart below, you can see gold testing $1000 between Feb-March 2009. Then it test $1000 again in June 2009.  Then in the month of September it test and passed the $1000 at least 4 times.  Todays, big move up might finally mean gold is on the next leg up.

Updates:

I have updated my October Updates Page and I have added a New Page on my site called "What's The Rock Worth?".  I took a position today in Richfield Ventures-RVC-"Hush Stock". This stock has very little exposure and the market hasn't yet taken noticed.  They could be onto a new discover in British Columbia, possible the biggest gold discovery ever found in B.C.  I have coverage on Richfield Venture on my October Page.

I have also covered Revett Minerals-RVM and Carpathian Gold -CPN on my October Update Page.  I own positions in both these stocks.

I also believe that oil will start making a move up again. PRE-Pacific Rubiales is one of my biggest oil plays.  I believe in 12mths this will be a $20.00 stock.

I also want to mention that Conquest Resources-CQR is another "Hush Stock".  When drill results come out I expect to see a move up in the stock price.

"Hush Stock"- Means the market isn't aware or following this company -very little coverage. These companies may be also be coming out with excellent news and the market hasn't picked up on it yet.

Today I took a position again in NGD-New Gold. I bought it in my trading account and bought it for my retirement portfolio.  Take note: I did sell this stock on Wed. at $4.05.  If I sold it again today it would be a nice day trade in my trading account!  In my retirement portfolio I plan to hold on to NGD longer term.  Unless, I see a big reversal in the U.S Dollar. 

I also bought Continental Minerals-KMK.  I am a big fan of the Hunter Dickinson Group.  Just last week I picked up shares of Amarc Resources-AHR -new addition to the Hunter Dickinson Family.  Which I believe will have great success-Amarc Resources in now drilling 3 projects.

Now back to Continental Minerals-KMK. Yesterday another Chinese mining company -Zijin Mining- took a position in KMK.  This will be the 2nd Chinese mining company to do so. The other mining company that holds about a 14% position is Jinchuan.  Also, make note that Taseko Mines owns 6% of the shares-another successful Hunter Dickinson Managed Company.  I have been watching KMK when the stock was trading around .80cents but after yesterdays news release and reading Peter Grandich comments over the past few months, I believe the stock is a take over target "Big Time". 

news release link:http://www.hdgold.com/kmk/NewsReleases.asp?ReportID=366101&_Type=News-Releases&_Title=Continental-Announces-Private-Placement-To-Raise-25-Million

Corp. Presentation: http://www.hdgold.com/i/kmk/KMK_Update_Sep2009_WEB.pdf


Another company I have been watching for some time now is CPN-Carpathian Gold.  The stock trades at .25cents and should be in production by the end of 2010.  They should be producing just over 100'000oz per year at a cash cost of aprox. $428oz.US.  This is for their RDM Gold Project in Brazil which has aprox. 1.3mil.oz of gold.  This mine has a 7yr mine life.
Their other property/project in Romania they have hoists a global resource over 10mil.oz of gold-plus this deposit is still open.  Also take note that Dino Titaro -CEO sits on the Yamana Gold board.  Carpathian Gold also has a highly experienced board members. 

Video Interview with Dino Titaro -http://www.blinkx.com/video/capathian-gold-on-board-talk/HUDo8OPBGxTFKlFsMlpIyw 

Corp. Presentation:http://www.designdevi.com/CPN/CPN_September09.pdf

I will also have this info. available on my website.  I will be covering Carpathian Gold and Continental Minerals on my October Update Page soon

Another stock I am watching is Minera Andes- MAI - big news came out today.  This is one to watch.

After recommending and taking a position in Revett Mining -RVM a few people have emailed me saying- "they never heard of this small copper/silver producer and how did I come across them?" 
I was looking at insider buying the other day and Revett Mining showed up.  Alot of insiders have been accumulating the stock during the month of Aug. and especially Sept.  So, I looked into this company and found they are a small copper/silver producer-1.4mil.oz silver per year and 12.6mil.lbs of copper per year.  But,..what really stood out was the resource of their Rock Creek Silver/Copper Deposit. They currently have 229mil.oz of silver and 2bil.lbs of copper at Rock Creek.  Here is a fact sheet link: http://www.revettminerals.com/documents/Revett_RC%20_FactSheet_3.26.09.pdf
This is a big silver deposit that can't be ignored and with this stock trading at .15cents I believe it's cheap.

I would also like to mention Great Basin Gold -GBG is dirt cheap.

I just updated my Peter Schiff Commentary Page and my Stock Chart Page.

Yesterday, I mentioned on my stockhouse.com blog that MNV-Mexivada Mining is one to keep watching.  I took a position at .16cent on Monday.  I usually don't like buying stocks on the run up because usually the run up doesn't last.  After reading the news release, I took a position because I knew that this company is in elephant country and might be sitting on a massive gold deposit. Here is the most important part of the news release: "Mexivada has discovered a diatreme volcanic pipe intrusive body located near high-grade (39 g/tonne) gold-quartz float mineralization sampled at the surface on its wholly-owned Goldstorm property in Nevada. The Goldstorm property comprises 3700 acres located 18 kilometres ("Km") northeast of Newmont's giant, +20,000,000 oz. Twin Creeks gold mine and 18 Km northwest of its Midas gold-silver mine.  Dioritic rocks in this young diatreme pipe body look similar to rocks at the Goldstrike mine of Barrick. Gold-bearing diatremes can be excellent, high-grade bulk-tonnage gold targets, such as are present as the giant Fruta del Norte gold deposit in Ecuador of Kinross-Aurelian."

This is still a very early stage discovery that still needs drilling.  I believe management will put this project on full steam ahead.  Stay Tuned for more news. According to the news release we should see some news in 30days.  In the mean time, don't be scared to take some profits. 

  http://www.mexivada.com/

I just started coverage on Jinshan Gold Mines-JIN. I believe they still have alot more upside as they ramp up production.  To all my regular readers. I added a picture of myself with the folks from Jinshan. It's an old picture taken a few years back.  I also increased my position in EET-Etruscan Resources and Conquest Resource-CQR today-see September Update Page.

My Twitter: http://twitter.com/LexCorporation

Here is a great read for new investors who want to learn about investing in mining stocks.  I have read the book and found it to be very helpful in my researching.

  http://miningstocksguide.com/ 

Founded by James Fraser and Kevin Pederson

Today Exeter Resources-XRC came out with their updated 43-101 for their Caspiche Project.

News Release Video:  You Tube Link

http://www.youtube.com/watch?v=neiYP6VTz54

Exeter Reports Resource Estimate of 19.6 Million Ounces Gold and 4.8 Billion Pounds Copper for Caspiche Project in Chile

Exeter Resource Corporation (TSX VENTURE: XRC)(NYSE Amex: XRA)(FRANKFURT: EXB) ("Exeter" or the "Company") is pleased to provide an updated National Instrument 43-101 compliant inferred mineral resource estimate for its Caspiche Project of 1,117 Mt (million metric tons) at a grade of 0.55 g/t gold (grams per metric ton) and 3.81 g/t silver including 1,017 Mt at a grade of 0.22% copper. This equates to in-situ inferred resources of 19.6 million ounces of gold, 137 million ounces of silver and 4.84 billion pounds of copper (a total of 33.7 million gold equivalent ounces)(i). The resource estimate uses all data available to the end of the 2008/2009 drilling campaign in May. Exeter's Chairman, Yale Simpson, stated "This updated resource estimate places Caspiche firmly among the world's largest gold-copper discoveries in recent years and clearly supports our decision to aggressively drill the property, despite the global economic decline. "We expect that the very substantial copper and silver credits will be extremely important, and will markedly impact the potential viability of Caspiche. Specifically, using metal prices of US$2.00/pound copper, US$800/ounce gold and US$12/ounce silver, the 4.84 billion pounds of copper and 137 million ounces of silver are equivalent to 12.1 and 2.0 million ounces of gold respectively. As shown in Table 1 above, these by-product metals increase the resource estimate to 33.7 million gold equivalent ounces(i). "Our recent drilling has defined what appears to be a coherent higher grade central zone associated with a definable early stage diorite intrusion. We expect this zone will be important in developing various mining and economic models for the project. "Assuming favourable weather conditions, drilling is scheduled to recommence early in October and is expected to carry through the southern summer until May, 2010. The program will have two objectives: firstly to expand the resource estimate by drilling to the southeast and to depth, and secondly to upgrade the higher grade central zone to "indicated resource".

I hope everyone is the U.S and Canada are having a great Labour Day Holiday.  I would also like to mention my Baby Luca-aka:Baby Lex turned 1 today.

I am currently working on my September Updates Page.  I hope most of you are following my Blog on http://www.stockhouse.com/.  I have recommended a few gold stocks that I bought last week.  These stocks are mentioned on my September Update Page.

Best of luck and happy trading.

I finally took a position in Crowflight Minerals -CML.  I am noticing the stock has some nice volume today. This is a new nickel producer that is debt free and is now generating cash.  They are working on try to sustain full production rate between 1000-1200 tons per day.  Remember, when you have a new mine nothing runs smooth at first.  CML is my junior nickel play.  Great project and excellent management.  Coverage on my August Updates page is coming soon.

Lex is finally back with an update.  Life is busy when you have a baby.  I have been updating my http://www.stockhouse.com/ blog on a regular basis, so any new buy recommendations would also be posted on my blog.

I recommended buying Taseko Mines -TGB .us and TKO.to when the stock was trading around $1.70.  This week I sold my position.  It's had a great run up and I believe we might be seeing a 20-30% market correction in 4-6wks.  I have also sold my position in Nevsun Resources-NSU.to.  They have a great project and I still believe they are a take over target but the stock isn't reacting the way I expected.  I am waiting with some cash on the side to buy NSU on weakness.  I have also sold my position in Aura Minerals-ORA.to. You have to remember something folks,...there is nothing wrong making money or taking profits.  The only gold stocks that I am currently holding are Great Basin Gold-GBG -undervalued-, Rusoro Mining-RML and Conquest Resources which I just bought this week.  I am sitting on cash now waiting for a buying opportunity.  I currently have about 20 stocks on my radar which I will be ready to buy on weakness.  Rusoro Mining has been a fustrating one to hold but I believe this one will surprise everyone one day.  Conquest Resources is my new buy recommendation.  I highly recommend doing your due diligence on this one.  I will have coverage on Conquest Resources -CQR on my August Updates Page.

For those who bought Western Copper-WRN and NCU-Nevada Copper on my recommendations. I highly recommend either selling your position or take you initial investment.  "Pigs Get Slaughtered".

The only copper stocks that I still hold are EQN-Equinox Minerals and CS-Capstone Mining.  I have taken profits on Capstone Mining.  I am currently riding CS for free.

I still own Pacific Rubiales -PRE. This is currently one of my favourite oil plays. PRE has strong forecast production growth. Aprox. 70% in 2009 and 50% in 2010.  Cash flow growth is impressive. Consesus estimates $2.46 in 2010. 

This was taken from the July 22nd news release- "Line filling will start during the second half of August 2009. The initial capacity of the pipeline will be 170,000 bbl/d (pipeline grade)
blended Rubiales heavy oil and can be upgraded to 260,000 bbl/d of blended oil
by adding booster pump stations".   http://www.pacificrubiales.com/   I highly recommend looking at PRE and take advantage of any weakness. 

I also bought Gran Tierra Energy -GTE.to.  I like the stock technically and fundementally. On the technical side I see a break out over $4.00.  I also believe the stock is cheap.  On August 18th they came out with this very important news release which I believe the market ignored.

News Release

Crude oil transportation operations on the Ecopetrol-operated Trans Andean Pipeline resumed on August 10, 2009. Gran Tierra Energy subsequently restored production in Colombia over several days and is currently averaging approximately 21,770 barrels of oil per day (BOPD) gross, or 18,000 BOPD net after royalty. During the 32 days of reduced production due to pipeline repairs, from July 10, 2009 to August 10, 2009, oil production averaged approximately 6,500 BOPD gross.   Over the same period oil sales averaged 3,440 BOPD net after royalty.

I have been day trading alot lately.  Been in and out of Citigroup many times over the past few weeks.  Alot of money can be made playing some of these U.S financial stocks. I have recently bougth WEN-Wendys/Arby for my retirement portfolio and EM-Emdeon.  I also own alot of GE call option $17.50 strike price expiration Jan 2011.  I also repurchased FEED-AgFeed Industries- see April Updates.

I just want to let my reader know that I will try to update my site twice a month.  If any of you want to contact me to ask me a question, please feel free to send me a message to my inbox on http://www.stockhouse.com/

Best of luck and be cautious.

Lex

Ok folks I have finally had a chance to update my site.

It's been a wild week for some of the gold stock I follow especially VEN-Ventana Gold which is up more than 150%.  With such I be run up, I am recommend my readers to start taking profits.  The next stock to watch is Aura Minerals-ORA- which I will be covering on my June Updates Page.  I am also putting Duluth Metals -DM on my watch/buy list.  They have a huge deposit that keeps getting bigger and bigger.  I also took a position in Donner Metal- DON.v. I believe great news is just around to corner-Scoping Study- Xstrata is their joint venture partner.  Copper Fox-CUU also had a nice run this week,..keep it on your radar. They have a world class deposit that can't be ignored.  I also took a position last week in Vast Exploration- VST. I believe this oil stock can eventually be a 10 bagger- very speculative. I will have coverage on Vast Exploration also on my June Update Page.  I also took a position last wee in Transcontinental -TCL.a which pays a nice div. .08cent a share every quarter.  Their earnings did beat the street and I expect to see $15.00 in 6mths. 

Today my position was increased in R-Romarco Minerals and I purchased NSU-Nevsun Resources.  Both these companies have big upside. I believe in 12mth both these companies will be trading 100% higher from current levels.  Romarco Minerals keeps adds gold oz. to their Haile Gold Mine Project.  They have a very aggressive drill program in 2009 with 4 drills.  Romarco currently has 3.26mil.oz, no debt, and $25mil. cash.  I believe their Haile Gold Project will have a resource north of 5mil. oz.  I am sure Gold Majors are watch closely.   

Nevsun Resources Ltd. is a gold and base metal explorer/developer with a focus on developing mining projects in Africa. Nevsun is currently focused on advancing its high grade gold, copper and zinc Bisha Project in Eritrea.  The Bisha Mine will be a low cost gold producer for its first two years of production (approx. 430,000 ounces gold per year) and a low cost high grade copper concentrate producer (containing approx. 75,500 tonnes of contained copper metal per year) for a further three years. Thereafter the mine will produce separate zinc and copper concentrates. 

Peter Grandich who I highly respect also came out with an Alert that he has added Nevsun Resource to his Model Portfolio.  You can read this article here: http://grandich.agoracom.com/

Peter does mention Sunridge Gold-which I also like, but I believe Nevsun is a less speculative buy because production in near term.

Special Alert 10:30AM DST

May 22nd, 2009

2 – Sunridge Gold (SGC-TSX-V – a client of Grandich Publications) could see a major bump up as the perception could be Eritrea is once again a good place to explore and mine. Believe it or not, I believe SGC has potentially better deposits than Bisha. There’s been zero promotion and the company still has about $7 million in cash. I’m biased due to my working relationship but I believe SGC has some of the best exploration targets in the world today. If you can only choose one of these, my suggestion would be SGC because of more upside potential but it comes with more risk. May I suggest you call Greg Davis or Don Haliday at Sunridge Gold for more information.

Remember folk to do you due diligence. I should have some more info. on both these companies in my June Update Page.

Check out this website: National Debt Clock http://www.usdebtclock.org/

To all my regular readers.  I have been providing short but brief updates on http://www.stockhouse.com/ on my blog.  The past weeks I have been day trading alot of U.S Bank Stocks.  I also trade the URE-Ultra Real Estate Proshares daily.  Day trading has kept me away from updating my website lately.  I have sold DML-Denison Mines at $2.85 to make a .40cent profit in 2 days.  I am looking at the stock again because it's looking attractive again.  I did sell Ventana Gold-VEN and made a .50cent profit.  I might regret selling VEN because I still believe they are a take-out target.  Rusoro Mining came out with some great news today.  RML will eventually be a 500'000oz.++ gold producer in a few years.  I believe investors with patiance will do well holding on to RML shares.  I believe Rusoro Mining will take-over Crystallex, and eventually with both these companies combined they will make a more attractive offer to Gold Reserve -GRZ.  With all three company combined into one-(Rusoro Mining) will have a resource over 30'000'000mil.oz.  Lately,..insiders have been buying up shares again, and the volume last week was very high -one day had over 20mil. vol. Keep RML on your radar.  The other gold producers I am still holding onto are CGA Mining-undervalued 200'000oz per year gold producer, and IAU-Interpid Mines another undervalued gold producer with over $30mil. in cash, no debt and unhedged. 

I have recently bought Sunlife Financial-SLF - in my retirement trading account- they pay a very attractive dividend.  I am still holding onto BMO-Bank of Montreal with an average of $27.50 -they also have a very attractive dividend.  I still recommend buying FEED-AgFeed Industries-(see April Update Page) The stock had a nice run up today.

I have also taken a position in CNO-Conseco and RF -Regions Financial.  I believe these 2 U.S financial stocks have alot of upside,..but these are short term play in my portfolio. I have also taken a position again in Taseko Mines -TKO/TGB-u.s. 

Regarding oil plays. I have PRE, BNK, BQI-us, HEU, HOU on my watch list.  I am also looking at MAA-Mag Industries. 

Remember to take profits folks,..the market has moved up fast in the past month-April.  Expect a pull back and a buying opportunity.  I won't have a May Update Page, but I will have a June Update Page on the website.  Some of my readers will also notice that I have removed some guestbook posters.  I like to keep my guestbook and forum clean from junk posts. 

Best of luck and happy trading. Remember to visit my blog on http://www.stockhouse.com/ (lexluthor2) I usually update my daily buys on my stockhouse blog.  

http://twitter.com/LexCorporation 

Lately, I have been playing the bank stocks.  I have sold some of my position in some of the stocks that I have mentioned on my last update.  AGF.b AGF Management Ltd paid me a nice dividend onf .25cents per share on April 20th.  Since my last update the stock went on a tear ran up more thatn $2.00.  I sold my position on the stock on Monday.  I will revisit this stock again on weakness and hope to enjoy another dividend payment in the near future.  I still own BMO which was recommend on March 1st at $27.50. BMO is trading over $39 today and pays a nice dividend.  I still own Wells Fargo Call options for $27.50 -earnings are out tomorrow and should be good. Platmin Ltd I sold and made a nice profit.  I originally bought this stock at $1.00 and then averaged down when the stock went to .66cents.  I believe there is anothe opportunity to buy the stock below .80cents.  Longer term this stock should do well at plat. price move higher. WRN-Western Copper was also a great pick when I mentioned it as a buy on stockhouse.com at .44cents. The next day the stock ran up to .65cents.  I sold my position on the stock recently and made a nice profit.  I believe you will see another buying opportunity below .50cents.  Longer term the stock should do well.  I am still holding on to VEN-Ventana Gold.  I believe sooner or later Greystar will make an offer to take over this company.  I believe Ventana Gold is sitting on a similar size gold deposit 10mil. oz +.  Rusoro Mining should be on your radar.  The market isn't giving this gold company any credit for their current assets.  Stay tuned,...news should be coming out soon.  CGA Mining has been disappointing me lately. It's been lacking news and the stock isn't performing great.  CGA Mining should be producering just over 200'000oz per year at a cash cost of $306/oz.  At current levels I believe the stock is cheap.  IAU-Interpid Mines will surprise the market when they release their next earnings report.  IAU has cash, no debt, unhedged, and great assets. At .24cents the stock is cheap.  I also came across another company that looks very attractive -Ticker: FEED AgFeed Industries - They are one of the largest hog producer in China.  I believe the stock is cheap at current levels.  It had a nice run up lately so wait for a pullback as a buying opportunity.  The April Update Page should be up very soon.

I am in the process of updating my April Update Page.  I will have coverage on Northern Dynasty Minerals-NDM, Platmin Ltd-PPN, WRN-Western Copper and VEN-Ventana Gold. 

Off Topic Trade: (non-commodity): On friday I took a position in Apple Inc. Call Option Jan.2010 strike price $27.50.  I believe these option are cheap and have alot of upside.  I am also looking at Wells Fargo Call Options for $27.50 strike price and Research In Motion RIMM $100 call options Jan 2010.  I usually don't play options but I believe money can be made playing these options.  I also bought AGF.b AGF Management Ltd last week. They pay a nice dividend of .25cents per share. I believe this is another financial stock that has been beaten up to very cheap levels. 

I also increased my position in Intrepid Mines-IAU which is currently trading at a discount.  I believe the next earnings release will surprise the market. Unhedged, no debt, and has lots of cash.  I am also calling CGA Mining a very strong buy at current levels. Take advantage on weakness.

Rusoro Mining-RML has been quiet on news lately. The financing is complete and I believe something must be brewing.  The stock is cheap at .51cents. RML will be producing 170'000-190'000oz of gold in 2009 at a cash cost of $315/oz. I also own alot of warrants because I believe they are dirt cheap at .06cents. 

"The rumours are spreading but the truth will be told soon." 

Chavez gives Las Cristinas to Rusoro
By James West
Thursday, January 15, 2009
http://www.midasletter.com/news/09011502_Chavez-gives-Las-Cristinas-to-Rusoro.php

Rusoro is having one spectacular year when most other companies are facing funding difficulties or even bankruptcy. Hugo Chavez just announced that he was going to develop the Las Cristinas gold deposit in a joint venture with Rusoro Mining (TSX.V:RML)

This coming on the heels of Rusoro's announcement on Wednesday of a record quarter at its Choco 10 mill, where 38,868 ounces of gold were produced at a cash cost of US$358 per ounce. The Choco 10 mill produced 14,261 ounces of gold in December 2008. This marks the third consecutive month of record gold production and can be attributed to high volumes of ore processed from the Choco 10 mine which produced 9,234 ounces of gold with the other 5,027 ounces of gold coming from ore processed from the near-by Isidora gold mine.

click on the above link to read the rest.

Rusoro Mining April 2009 Corp. Presentation: http://www.rusoro.com/i/pdf/CP2009.pdf

This is still one of my biggest holdings.  The company released their 2008 year end results.  They will be paying down their debt fast and the cash is now rolling in and copper prices are starting to head higher.  I still believe this is a very cheap stock that will be taken out one day at a premium.

Equinox recorded consolidated net income for the year ended December 31, 2008 of $172.7 million, or approximately $0.30 per share. This compares to a consolidated net loss of $29.4 million, or approximately $0.05 loss per share, for the corresponding year ended December, 31, 2007. The primary variances arose as a result of other income/(expense) which was higher than the previous corresponding quarter mainly due to derivative instrument fair value gains of $361.0 million (2007: $nil) as a result of the copper price dropping to $1.38 per pound at December 31, 2008, offset by derivative instrument losses transferred from equity of $89.5 million (2007: $nil) following the discontinuation of hedge accounting. Exploration expenditures were $10.3 million for 2008 (2007: $7.1 million) resulting from work carried out on the Lumwana UFS and exploration activities elsewhere in Zambia. General and administration costs were $8.4 million for 2008 (2007: $11.2 million), the reduction due to the 2007 figures including some large one off payments. Financing costs associated with the Lumwana Project debt facilities, other than capitalized interest and commitment fees, were $3.7 million for 2008 (2007: $2.6 million).

As at December 31, 2008, Equinox had cash resources of $51.3 million, an undrawn Contingent Funding Facility totalling $45 million and an undrawn Nederlandse Financierings-Maatshappij voor Ontwikkelingslanden N.V. financing facility of $25 million (which remains subject to conditions precedent). Project and fleet debt facilities outstanding total $639.7 million. On March 26, 2009 the Company reached agreement with its debt financiers to restructure the debt repayment schedule. The effect is that the 2009 calendar year principal repayments are significantly reduced to $138.4 million, with $104.4 million payable in September 2009. See "Amendments to long term debt repayment schedule" below.

The mark to market value of the hedge book, which could be closed out subject to financier approvals and utilization of those funds to repay debt, is approximately $137 million as of March 26, 2009, based on a copper price of $1.78 per pound. In addition, the Company expects to receive project insurance proceeds following the fire incident that occurred in July 2008.

The Company expects that it will produce 170,000 tonnes (375 million pounds) of copper metal in concentrates in 2009 at a cash (C1) operating cost of $1.15 per pound. As can be expected, unit production costs are anticipated to be higher in the early part of 2009 until steady state production activities are reached, which is expected by mid-2009. Considering the un-drawn facilities available, the Company expects to generate positive cash flow in the next 12 months sufficient to fund ongoing operations, including discharging the Company's current obligations in the normal course of business.

Amendments to Long Term Debt Repayment Schedule

On March 26, 2009, the Company reached an agreement with its debt financiers to restructure its senior debt repayment schedule. The main terms of the agreement are intended to smooth the principal debt repayments more evenly over the life of the loans without changing the tenor of the various facilities. The effect is that the 2009 calendar year principal repayments are reduced to $138.4 million, the majority of which ($104.4 million) remains due in September 2009.

Background to the Debt Facilities

In December 2006, Equinox signed a $582.7 million senior and subordinated limited recourse project finance facility for the completion of development and construction of the Lumwana Project. The facility is comprised of three tranches, $54.0 million subordinated debt facility, $364.0 million senior debt facility and $164.7 million asset backed facility. In response to the delay in commencement of commercial production caused by the fire incident at the Lumwana Project in July 2008, the Company signed an $80.0 million extension to the above senior debt facility in September 2008.

As a requirement of the Lumwana Project financing facility, the Company also established a $45.0 million cost overrun facility ("COF") for the Lumwana Project that, in certain circumstances, can also be utilized for debt repayment. As at December 31, 2008 and as at the date of this announcement, the COF still remains available.

Result of Repayment Restructure

The restructuring of the Company's senior debt obligations has resulted in a smoother repayment profile over the term of the loan facilities. The previous repayment profile reflected an amalgamation of the principal repayments originally due in March 2009 (which were deferred to September 2009 as a result of the fire incident) together with those originally due in September 2009. Equinox has agreed to pay an additional 50 basis points margin from April 1, 2009 on the outstanding senior debt facilities (excluding the $164.7 million asset backed facility) for the duration of the facilities in order to achieve this restructuring.

The schedule of future repayment dates for all facilities is as follows:

                               Repayment
                                 Profile
                             ---------------
                                  $000

    Within 1 year                138,367
    Within 1 to 2 years          136,598
    Within 2 to 3 years          127,855
    Within 3 to 4 years          113,576
    Within 4 to 5 years           75,463
    Thereafter                    47,872
                             ---------------
                               639,731
                             ---------------

I have finally joined Twitter.  Here is the link to my Twitter: http://twitter.com/LexCorporation

I have increased my position in NDM-Northern Dynasty Minerals. This stock has been getting alot of attention lately. Here is a link to the Financial Post article that came out this week after TD Newcrest increase their 12mth target to $18.75.

Link: http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/03/24/northern-dynasty-price-target-soars-on-growing-takeover-potential.aspx

I believe by the end of 2009 Northern Dynasty Minerals will be taken out by 1 or 2 of the companies listed below.   

In addition to Anglo American's 50% interest in the Pebble Project and the Pebble Partnership, Rio Tinto plc and Mitsubishi Corporation have taken significant share positions in Northern Dynasty Minerals Ltd.

Rio Tinto plc has invested US$200 million to acquire 19.8% of Northern Dynasty shares, and Mitsubishi Corp. has reported they have acquired an 11% share position.

Lately, the stock has been moving up nicely.  I believe it's getting ready to test $10.00.

I also took a position in Platmin Limited- PPN. They are getting ready to start production any day now. "Platmin said Monday that following successful commissioning it has commenced treatment of ore in the UG2 section of the milling and flotation plant at Platmin's Pilanesberg Project. Platmin is currently in the ramp-up phase to reach a steady state annualized production rates of 250 000 ounces per annum of 3PGM+Au by the third quarter of 2009."

I also took a position in NCU- Nevada Coppper.  They have an excellent project which keeps increasing in resource. I have also notice insiders have been buying.  An updated resource should be out in the 2Q of 2009.  This deposit is turning out to be a world class discovery.

Pumpkin Hollow is an advanced development stage copper property, which contains Measured and Indicated Resources totaling 4 Billion pounds of Copper plus additional Inferred Resources of 3.9 Billion pounds of Copper (all using a 0.2% copper cutoff grade). This 7.9 Billion pound copper resource and associated 144 million ton iron, 1.3 million ounces of gold and 57 million ounces of silver was estimated effective October, 2007. Contained within the larger resource is a high grade core of 116 million tons grading 1.4 % Copper at a 0.75% cutoff containing 3 Billion pounds of Copper.  Ongoing drilling has yet to define the limits of this world class Copper-Iron-Gold-Silver deposit

I am also looking at taking a position in Andina Minerals and Ventana Gold.  I will update more on these 2 companies soon.  For those who bought GSL-Greystar on my recommendation and are still holding take some profits. You are up more than 100%.  I should also have an update on my March Page on Capstone Mining-CS soon.  In my April Page I will have an update on Northern Dynasty Minerals-NDM with some links. I will also have something on Nevada Copper and Platmin Ltd on my April Page.
 

I am currenly disappointed with MDM-Mineral Deposits.  They have just started gold production. The company should be producing up to 160'000oz of gold in 2009 and the market isn't paying attention.  I have emailed the company and they responded that they are aware the stock has very little trading on the TSX.  I am giving them 1-2mths and I will be a seller.  Hopefully, a major gold producer takes them out.

ATW Gold-ATW just annouced today that they should be starting their first gold pour tomorrow. The stock had a .05cent jump today. 

Enjoy my Twitter and happy trading.

At 7pm today I receive an email stating that MDM-Mineral Deposits is now a Gold Producer and has poured it's first gold bar. Production in 2009 is expected to be 160'000oz.  The stock has very little coverage and have very little trading on the TSX.  This I believe will change in weeks to come as the market and gold bugs take notice.  At .58cent the stock is very cheap.  Here is the news release and the link below. 

Mineral Deposits Becomes a Gold Producer

MDL is pleased to announce that during the week gold production commenced at the Sabodala plant with the pouring of the first gold dore bars. 

The Sabodala plant has commissioned smoothly with no significant issues and is already operating above nameplate capacity.  To date, lower grade material has been used during the commissioning phase but, with the satisfactory completion of commissioning now imminent, the plant will begin operating on the normal “run of mine ore” that is currently stockpiled on the ROM pad adjacent to the crusher.

 To read today’s full announcement, please click here.

http://www.mineraldeposits.com.au/user/files/Announcements/2009/090027MDL.pdf

Brief Update 

I have also taken a position in Citigroup -C. I believe it's very undervalued, plus financial stocks are having some nice rally's lately.  This stock is a day traders dream.  I took a position 3 days ago and been enjoying the nice run up lately.  I believe the stock will test $5.00.

I have also been watching NDM-Northern Dynasty Minerals.  The stock has been moving up nicely lately and I am thinking of taking a position again. 

We should be expecting some news from Rusoro Mining soon regarding the financing deal. "Stay Tuned"  I have increased my position on the warrants.

Great Basin Gold-GBG just annouced financing is complete,..I am expect to see the stock move much higher from current levels.

Intrepid Mines -IAU is undervalued and unhedged.  This is one stock to watch in 2009.

I also purchased Capstone Mining a few weeks back and the stock has also been performing very well. I will have an update on Capstone Mining on my March Page. They are low cost copper producer with excellent assets, management and the company is very profitable.

I will be updating my site in the days ahead,...happy trading.

Here is the press release with some pictures. This news release was released around 6:30pm today.   http://www.mineraldeposits.com.au/user/files/Announcements/2009/090023MDL.pdf


First Sabodala Gold Pour Imminent

The Sabodala gold plant commissioning is proceeding well with the plant currently operating at the nominal rate of two million tonnes per year. 

The first gold pour is imminent and should occur before mid March 2009.  The operating company, Sabodala Gold Operations SA (SGO), is on schedule to produce 160,000 ounces of gold in calendar 2009.

I have said it many time that this stock is cheap and under the radar. 
Volume should eventually start picking up when the market takes notice.

Today Gold dropped below $900.  I believe gold might test $850. Anything under $850 will be very negative for gold stocks.  Be selective on your buys,..we might see some bargain hunting soon. 

On Feb. 22nd I mentioned I took a position in ATW Gold Corp-ATW. Great news was released on March 4th. - "Production is starting".  I believe this stock has alot of upside and can also be on the radar as a possible take over target.  I have the news release posted on my March Update Page. 

I am expecting to see a  Bear Rally very soon.  Be cautious these are still uncertain times.

I also thought I would share this link - 60min video "Inside The MeltDown" see what happened behind closed doors. http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

I have updated my Videos Page.

I had a great time at the PDAC Show. I spoke to the folks from Skygold Ventures -SKV and they assured me that the updated resource should be out very soon aprox. in 3 weeks.  I also spoke with the folks from Mineral Deposits Ltd. -MDM  Mineral Deposits Ltd is starting gold production this month and the person at the booth said they will probably create a another company to develop their Grande Côte Mineral Sands Project.  Shareholders should benefit on the spin-out of this new company- "Free Shares".  This stock is undervalued and lightly traded.  The market will notice it soon as management tries to promote the company.  I will have MDM coverage on my March Update Page.

I also re-purchased Great Basin Gold -GBG today.  At $1.28 the stock is cheap.  After the financing is complete I expect the stock to move much higher as gold appears to be gaining some strenght again.  My average was $1.00 and my position was sold close to $2.00 on the last run up.  I hightly recommend taking a position in this stock,..but remember do you DD's first before investing. 

I also took a very small position in a Coal Exploration stock- SFI -Silver Fields Resources.  This is a .03cents stock but if they have some excellent drill results you can see alot off upside.  They also have alot of other projects on the go for 2009-  http://www.silverfieldsresources.com/  "This is high risk, high return"

Remember to join my Guest Book,..it's a great chat forum -keep it clean.

Ok folks,..today I am off to the PDAC Show and this year my wife will be joining me.

I didn't have alot of time in February to create a February Update Page,..but as most of you can see I update my home page on a regular basis.  I promise to have a March Update Page. If you follow my blog on stockhouse.com you will see that I took a position in a bank stock. BMO-Bank of Montreal I believe it's cheap and has a nice dividend that I believe they won't be cutting.  It's a great long term buy. Nothing wrong having some exposure to quality banks.  I have also increase my position in Rusoro Mining -warrants and increased my position on Intrepid Mines-IAU.  IAU volume has been increasing lately,..I believe the market is realizing this gold producer is debt free, has cash, and is now unhedged.  I have also repurchased NGX-Northgate Minerals.  My average was $1.00 and sold my position during the run up. I repurchased NGX because I believe it's still undervalued plus, I believe the pull back in the stock is just about done.

I also believe it's time to look at beaten down oil/gas stocks.

Stay tuned I will update on my experience at the PDAC Show.

Ok readers. I am going to make this short and brief.  For those who follow me on http://www.stockhouse.com/ you know what I am buying.  I usually update my blog as soon as a buy is made.  I recommend my website readers to visit my blog on stockhouse if you want to see what I have been buying.  Some buys I mention on my stockhouse buys can be day trades, short and long term holds.  My blog is Lex Corp -aka LexLuthor2. 

For those of you who invested in Greystar -GSL, CGA Mining-CGA, and CSI-Colossus Minerals when I recommend them you should be very happy.  All have performed very well.  I don't hold a positon now in GSL, but I still own CGA which I will be accumulating this week and I own CSI -Colossus Minerals.  These stocks especially CGA Mining has alot more upside.  See my January updates for coverage on CGA and CSI. 

This month I did buy and sell MAI-Minera Andes.  Bought at .38cents and sold position between .66-.75cents.  Excellent profits thanks to Mr. Robert McEwen.  This is still a great company that I am watching daily.  

I also bought Pacific Rubiales Energy Corp. -PRE on friday.  I believe it's now time to start looking at beaten down oil/gas stocks.  PRE just secured a $200mil in debt financing with a Local Colombian Banking group for their pipeline construction.  When the pipeline is finally connected in Q3/2009 production will increase significantly.  In 2010 we should see a 49% increase in production.  By then oil prices should be trading much higher than todays levels.  TD Newcredst on Feb.17th 2009 Increased it's price target on PRE to $10.00.  The stock is currently trading at $3.72. 

I also took a small position in Victoria Gold Corp -VIT.  They recently made an all share friendly deal to acquire StrataGold.  This excellent deal increases VIT 43-101 compliant gold resources from 1.2mil. oz to 4.3mil. oz.  At .44cents the stock is cheap.  Kinross Gold currently own 27.4% of VIT. I highly recommend taking a look at VIT- http://www.victoriaresourcecorp.com/

I also took a position in ATW Gold Corp -ATW.  A a few more weeks they will be a gold producer.  Management has done all the right things.  I rate this as a Strong Buy.  Here is their corp. presentation http://www.atwgold.com/_resources/ATW-February-10-2009WebVersion-Final.pdf

I have to say CGA Mining-CGA is dirt cheap.  Production starting in weeks.  They will be producting 206'000 at an operating cash cost of $306.  http://www.cgamining.com/projects/project.php?project=1

Tonight I am looking at 3 companies that I might be buying this week.  Watch for my blog posts on http://www.stockhouse.com/ I will also try to have my February Update page up soon.

Best of luck and happy trading.

We saw a strong gain in gold stock on Friday.  The rally may continue on monday but I believe we may have a small pull back.  I have recently started coverage on OceanaGold-OGC.  I have provided an update on my 2009 January Updates Page. The stock finished up 48.15% on friday.  Some investors might want to take some money off the table. I am currently holding because 2009 looks good for the company and I believe the stock is undervalued.

Greystar Resources -GSL which I also recommend on my 2009 January Updates is currently up 55% - don't be scared to take some profits. 

CSI-Colossus Minerals I believe still has alot more upside and will be moving up much higher as drill results start coming in.  I wonder if CSI is on Kinross's radar.

CGA Mining -CGA is going into production soon.  Investor should of taken a position earlier in the stock this week when the stock was trading at $1.15. Close on friday at $1.33.  This is a cheap up and coming gold producer and will trade much higher when production starts and the word gets out.

Skygold Ventures -SKV - waiting for the 43-101update, Spanish Mountain hosts a multi-million oz gold resource and at .27cents the stock is cheap.

I am also updating my blog on stockhouse again.  I didn't want to disappoint my readers.

Happy trading and remember do you DD's and check with your investment advisor before taking a position in any stock.  Don't be scared to take profits.

Lex

I have updated my 2009 January Update Page. I have started coverage on Skygold Ventures -SKV.  I will also be covering Rusoro Mining-RML very soon.  Gold took a beating today as the U.S Dollar strengthened.  I consider this just another healthy pull back in gold.  In 2009 I expect to Gold and Silver to make new highs.  Copper I believe will strengthen in Q3 2009.  Take advantage of stock that have excellent assets, cash and strong management.  Colossus Minerals- CSI had some excellent drill results that helped push the stock up today on a down day.  I believe CSI as alot of upside in 2009 and will be the stock to watch this year.  CGA Mining-CGA also had a good day. They will be producing 200'000oz per year.  Expect production to start Q1 2009. 

I have also changed my blog name on http://www.stockhouse.com/ to Lex Corp News Letter.

Best of luck to all in 2009 and happy trading.

I have just updated my 2009 January Page.  I have started coverage on Colossus Mineral- CSI, Northern Dynasty Minerals-NDM, Greystar Resources-GSL and Equinox Minerals-EQN.

Ok folks, we are now in 2009 and let's hope we all learned a lesson about 2008.  We have all lost money in 2008 and I am hoping that 2009 will be the year of recovery.  Many junior mining stocks, including some gold/silver/base metal producers have been beaten down to very low levels. They are now trading at bargain prices.  In the last few trading days I have been keeping an eye on some of these juniors and I am noticing some big percentage moves in the stock prices.  The tax loss selling is over and I believe we can see a strong month for some juniors.  I expect Gold and Silver to do well this year and starting tomorrow I will be on a buying frenzy picking up some undervalued stocks with great assets, management and cash.

2009 January Updates Page has been updated.  

I have also updated my Peter Schiff Commentary Page.  I also believe it's time to look at shorting U.S Treasuries.  Take a look at this ETF -Horizons US 30yr Bond Bear Plus -HTD trading just over $13.00. 

Watch this clip: Peter Grandich Top Picks http://watch.bnn.ca/#clip125148 

You can also read Peter Grandich Blog here: http://grandich.agoracom.com/

I will be updating my January Page with my new buys in the coming days.

Best of luck to all in 2009 and remember to do you DD's and speak with your financial advisor before investing.

The past few months and weeks have been very busy.  Baby Lex is now 3mths old and I am enjoying every minute.  Having a baby in your life bring so much joy.  It hard work but it's worth it.  When the market are down and after a hard days work I know at home there waits for me a little baby who means the world to me with a little smile on his face.  If I lost everything in the markets tomorrow I wouldn't care as long as I have my health, my wife and my baby.  Money isn't everything!  We should all be grateful for everything we have during this time of year and think about others who don't have anything.  Think of the kids and families in places like Africa and all over the world who haven't eaten for days.  I am also sure these kids and families don't even know that we are having world recession.  I ask my readers at this time of year to give something small to a child or family in need.  God Bless and Merry Christmas.   World Vision - http://www.worldvision.ca/Pages/Home.aspx

December Page Has An Update.

I have featured Coeur d'Alene Mines -CDM.tsx on my December Update Page.  Over the next few days I will try to provide more updates.  I am currently looking at a few stocks that are trading below .15cents.  They have been beaten down but have great assets, management and cash.  I also believe in a few years from now when the financial crisis is behind us these stock will be trading much higher.  I will mention them when a position has been taken.  I will also have a feature on Colossus Minerals- CSI on my December Page. 

November was a terrible month for the market.  I still believe we are getting very close to a bottom.  The TSX I believe will test 7500 and may go as low at 7000.  Oil  I believe is oversold but might test $35.  I have bought the HOU-ETF -Horizons NYMEX Crude Oil Bull Plus ETF.  I believe in 1yr from now oil will be at much higher prices and so will this ETF.

I have also purchase GBG-Great Basin Gold -you can read up on this company on my September Updates page.  I will also be supplying an update on my December Updates page.

I have also been accumulating shares in Coeur d’Alene Mines Corporation -CDM.tsx and CDE-NYSE.   I believe the stock is very attractive at current prices.  They have cash and great projects.  I will provide coverage on this company on my December Updates Page.

Stock on my radar: Colossus Minerals -CSI -December Updates Page-coverage

I also have Western Goldfields-WGI and Semafo-SMF on my radar.  Both are gold producers with excellent projects and are cash generators.  I started coverage on both these stocks back in August -see August Updates.    

A Brief Update on EQN-Equinox Minerals  Even at current copper prices EQN will make alot of money.  -Very Undervalued-                                 

December 5th 2008 -News Release    

Equinox Minerals Limited (TSX and ASX symbol: “EQN”) ("Equinox" or the “Company”) is pleased to announce that the first copper concentrate has been produced from the Lumwana process plant.

On December 3, 2008, wet commissioning of the final stage of Lumwana’s process plant filter-press commenced resulting in an initial production of approximately 66 tonnes of copper concentrate at a concentration grade of approximately 41% and moisture content of 9%. As of December 4, 2008 some 1300 tonnes had been produced.

Wet commissioning and production ramp-up activities continue to progress smoothly with first commercial concentrate delivery expected to take place later in the month.

That's all for now folks,..expect to see a December Page Update this week.  Plus I am currently review a E-Book on Mining which I will be mentioning more about this month.                

Welcome to November folks. I hope this month is better than October.  I will be updating my site this week, so expect to see a November Page Update.  I am currently revisiting some past plays that have excellent assets, great management and are trading at a discount.  I will mention them in the weeks to come. 

One of those plays is Jinshan Gold Mines -JIN.  This is a gold producer in China which I believe has alot of upside potential.  I will provide more info. on my November Page.

I also took a position today in HEU-Horizons BetaPro S&P/TSX Capped Energy Bull Plus ETF

The fund has some excellent holding.  I bought it in my RSP trading account.  I will also be providing an update on this fund on my November Update Page.

HGU -Horizon BetaPro S&P/TSX Global Gold Bull Plus ETF is my other top pick for November.

I purchased this ETF last month. Excellent Holding in the fund.

TOP TEN INDEX HOLDINGS (September 30, 2008)

Regarding HRG-High River Gold Mines,..I sold my very small position 5000 shares on friday. 

We should see a rally in gold soon.  I believe the U.S Dollar spike will burst very soon.  Why invest in the U.S Dollar?? Just buy toilet paper at the corner store!  The chart looks very similar to the oil chart.  Silver should move higher as the price of gold moves higher.  Copper supply will be tight as some mines will be on hold.  For my regular readers I am still long on EQN-Equinox Minerals.  They have enough cash and will be a low cost producer.  I hold HGU-Horizon BetaPro S&P/TSX Global Gold Bull Plus ETF - as my gold holding.   I still recommend my readers to be selective and cautious in these markets.  Don't let these one day rally's get your hopes up, because the next day could be a blood bath.  Qualities companies with excellent assets and loads of cash will and should survive these rough times.

Best of luck,

Lex Corp

I just updated my Research Reports -Free- page.  The article is written by Jim Willie of the "Hat Trick Letter"

website: Golden Jackass
subscribe: Hat Trick Letter

Here is a link to Peter Grandich articles: http://grandich.agoracom.com

Today a I took a position in gold by buying the HGU.  This fund can move up very fast on the upward movement of bullion.  It can also do the opposite.  This was purchased today at $7.98 in my RSP trading account.  This is consider a short term hold. I am watch the price of gold very close.  

Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF (TSX : HGU) -Up 22% today.

NFI.un - New Flyer Industries had a strong day today. I recommend this as a buy on my October Update Page. 

Oilexco- OIL - I will be pressing the buy button on OIL very soon.  It's oversold and over reaction in the market has pushed this stock down to incredible cheap levels.  The last news release was all bad.

Han Feng Evergreen- HF - popped up on my radar,..the buy button will also be pressed soon.  They are buying back stock,..which I like. It's cheap and it's been beaten down.

High River Gold Mines - HRG - I bought this today in my trading acct. a very small position.   The company is going to have to work hard to gain investor confidence.  The still have excellent assets and gold production is increasing.  This company and it's past management messed up big time.  Hopefully, the new people on board will guide this company into the right direction.  The last news release was positive news. Stay tuned....

I have also updated my Research Report Page- todays feature: Clive Maund "Gold/Silver Market Updates"

I have finally found some time to update my October Update Page.  I have mentioned 2 stocks with high yield/dividend pay outs.  I also mention my top gold picks and my speculative gold/silver picks.  I have also updated Peter Schiff Commentary page. Feel free to ask question on my guest book page. I will try to find time to answer them.

Remember to be cautious and selective on your investments. 

Copper is having a good day today touching $3.19.  Copper is still in global demand even if the U.S.A has a major slow down.  One reason why I am still bullish on EQN-Equinox Minerals.  I would like to share a few quotes from Resource World Magazine Vol.6 Issue 8 which is currently on the book shelves. On page 8 there is a really good read-"Junior Mining Outlook" with quotes by Lawerance Roulston and John Kaiser.

Lawerance Roulston take on Copper:

"Global demand is forecast to rise at 4% per year for at least a decade, which means the industry will need to add production capacity of 1.4 billion pounds per year to meed demand.  To put this production capacity in perspective, the mining industry would have to put four large copper mines into production every year to keep up with rising demand and this isn't happening."

"Emerging countries such as India, China and Brazil are still on the early steep growth part of the curve and the rise in metal demand is predicted to accelerate as growth infrastructure continues." 

"China is building the equivalent of a New York City every six months."

John Kaiser Quotes:

"In this market I am focused on companies that are cash-rich, with ounces in the ground or near to production."

"The economy of China has enough internal momentum to absorb, through domestic spending, any slackening of demand from the U.S."

To read more pick up the magazine at your news stands.  I recommend subscribing to the magazine.  http://www.resourceworld.com/ , http://www.resourceworldradio.com/

If you are interested in reading more articles by Lawerance Roulston or John Kaiser visit their websites 

Lawerance Roulston

 http://www.resourceopportunities.com/s/Home.asp

John Kaiser

 http://www.kaiserbottomfish.com/s/Home.asp

I can't believe the wild ride we are seeing in the market.  Oil is now trading at $91.00 and Gold was up yesterday $20 but the gold stocks were all down.  This concerns me!  It shows when you have a mass amount of panic selling even gold producers will be in the red. If these markets do collapse then the best and safest holding will be physical gold.  Oil I believe is starting to look oversold.  Alot of quality oil producers are getting hit on the chin and this could be a buying opportunity. Ex. Oilexco, Bankers Petroleum. Wait for the smoke to settle and see which way the markets turn.  We have rough waters ahead of us and cash is starting to look like the King.

Update: I believe EQN -Equinox Minerals is now more than ever a potential take over target.  The stock is trading around $2.78 a very attractive level.  They will be the biggest copper producer coming on line and they will also be a Uranium producer in 2010.  This will be a cash machine even if Copper prices head down to $2.50.  

EQN- Equinox Minerals Corp Presentation -Sept 11th http://www.equinoxminerals.com/docs/Equinox_Sep08.pdf

Lumwana Project "Cash Cow Even At Current Copper Prices" 

LOM (37 years) annual production will average 156,000 tonnes (340 million lbs) of copper metal, with over 172,000 tonnes (380 million lbs) being produced per year during the initial 6 year period.

Total life of project Operating Cash Costs under the Development Case are expected to be US$0.82 per pound or US$0.76 per pound of copper produced, inclusive of uranium credits.

At $2.52cents the stock is a steal. 

Minera Andes Inc - MAI -even with all this turmoil in the market I am still finding some interesting Buys. I bought MAI recently because this company has been doing all the right thinks. Robert McEwen is now on the board.  This is a Gold and Silver producer that is profitable. Plus the market was in panic mode when they came out with their 43-101 on their Los Azules Project- (partnered with Xstrata Copper). The Inferred Resource at Los Azules is 922 million tonnes grading 0.55% copper, containing 11.2 billion pounds of Copper.

Great Basin Gold - GBG - Gold Producer with 2 mines and lots of cash                                -see Sept Update Page "Coming Soon"

On my Research Reports Page I would like to introduce Peter Schiff aka: Doctor Doom. He has given me the green like to post his articles.

Plus Why Copper Prices Will Stay High - World Economies Still Growing

 From the Discovery Channel - The Burj Dubai

      

The market is taking a beating. Gold and Oil stocks are getting hit hard.  Quality stocks are now getting punished- Ex. EQN- Equinox Minerals, OIL -Oilexco, YRI- Yamana Gold, IMG- Iamgold, K- Kinross Gold etc, etc.   Is this a buying opportunity? Wait for the smoke to settle and if you don't have the stomach for this downward spiral then I recommend staying out of the market until we see some upward trending.  I still believe gold will move much higher long term and oil prices will move higher as we get into the winter season.  I will be covering some other stock which pay some great dividends- none are commodity related and have very high yields.  I am staying behind the fence right now until I see this market do a turn around. 

In the mean time I will sit back and relax and take care of my new baby son-Luca that came into this world on Sept. 7th 2008

God Bless, and happy trading.

Lex Corp

ps- I would like to wish Mr. Peter Grandich a very fast recovery.  http://www.grandich.com/

Gold has recovered from it's August low.  I still expect to see one more down movement below $800 before gold makes it's next big move up. 

MAA - MagIndustries has moved up nice since my recommendation at $1.55 only 9 days ago. Company has been coming out with alot of good news and at $2.00 the stock is still cheap.  I hold this one long term in my retirement portfolio. In 12mths you can see a $5.00 stock.

OIL - Oilexco - I bought the stock at $13.25 in my trading account and I believe even at current levels $14.41 the stock has alot of upside.  In 12mths you will see a stock trading north of $20.00++ "New" Just updated August Updates.

AUN- Aurcana - I bought and sold Aurcana and made a profit.  I made a 5cent profit -12% gain- on the stock.  This was considered a short term investment.  I believe it's still a good silver play to own in your portfolio, but remember it's a penny stock. When the price of silver starts to move up again AUN should do well.

Western Gold Fields - WGI  "NEW" Today I took a position in this new gold producer. I looked at their 2nd quarter results and they impressed me. The company is now firing on all cylinders.  Gold production has increased to an average of 600 ounces per day, and we expect to meet the year-end target of 135,000 to 145,000 ounces of gold at a cost of sales(1) of $470 - $490 per ounce.  (see August Update for article)

Gold and metal stocks have been hit hard lately. I believe we are very close to a recovery.  I will still like to caution my readers that gold may even break below $800 in the short term which will mean a buying opportunity.   I believe the worst is almost over and gold should start to move up as gold starts to enter into the gold season- (Sept.- Dec.).  I also believe metal stocks especially copper will do very well after the Olympics and into 2009. I recommend reading this article -"The U.S$ and The Gold Sector" - http://www.321gold.com/editorials/saville/saville081208.html

Company's Making News

Semafo - SMF.to: Highlights (Note: Increased Position Today)

The Company delivered record results during the second quarter ended June 30, 2008, with gold sales of $44,826,000 representing an increase of 147% over the corresponding period in 2007. Gold production reached 54,500 ounces for the quarter, an increase of 80% over the same period last year. Highlights for the second quarter include:

• Gold production of 54,500 ounces
• Gold sales of $44,826,000 at an average selling price of $904 per ounce
• Cash operating cost of $394 per ounce
• Total cash cost of $455 per ounce
• Operating income of $13,822,000
• Net income of $11,681,000
• Cash flow from operating activities of $19,304,000
• Commencement of commercial production at the Mana mine in Burkina Faso
Semafo is committed to increase shareholder value and remains confident that it will meet its 2008 production target of between 165,000 and 185,000 ounces of gold.

Equinox Minerals - EQN.to Results For Quarter Ended June 30, 2008

I find the company is doing a great job updating shareholders.  Todays results give investors a clear picture what is going own. Click on the link: http://www.equinoxminerals.com/files/files/627_EQN_Final_Results_Q2_2008_12Aug08.pdf

I am confident that the stock will turn around very soon.  The stock got punished due to a fire at their Lumwana Project. This fire delayed production start up and the stock is now trading at very attractive levels -"OVER REACTION".  This is why they have Insurance folks! - read quote below:

"The Company has in place material damage and delay in start-up insurance which covers daily standing costs and debt service costs. The Company is vigorously pursuing its claims under these policies and to date does not contemplate nor has been informed of any material impediment to receiving a positive and expedient claim determination. Further, the Company has and continues to receive liquidated damages calculated on a daily basis under the terms of its EPC Contract with the engineering contractor ABV."

 The fundementals are still in place and in 12mths from now I believe the stock will be trading much higher or it will be taken out by a major -"most likely First Quantum Minerals -FM.to" who already own aprox. 17% of the outstanding shares of EQN. Equinox Minerals when in full production will be the largest copper producer in Africa.

Equinox Shares Gain as Goldman Says Stock to Rebound (Update1)

By Jesse Riseborough

Aug. 14 (Bloomberg) -- Equinox Minerals Ltd., the developer of Africa's largest copper mine, rose the most in more than two years in Sydney trading after Goldman Sachs JBWere Pty said the stock will rebound following a slump in mining stocks.

Equinox jumped 16 percent to A$3.65 at the 4:10 p.m. Sydney close on the Australian Stock Exchange, the biggest gain since April 2004. Goldman has a A$7 price target on the stock and kept its `Conviction Buy' rating.

The company is building the $760 million Lumwana copper mine in Zambia to start output by year's end. The Lumwana mine will be ``one of the largest additions to global copper supply,'' Credit Suisse Group analysts said last month.

``On a 12-month view, there will be a rebound,'' Goldman analysts led by Melbourne-based Ian Preston said in a report dated yesterday. ``Given the scale, cash costs and life of the Lumwana project, investors will be rewarded in Equinox.''

First Quantum Minerals Ltd., the largest shareholder in Equinox, rose the most in almost two years in Toronto trading yesterday after beating profit estimates. Net income climbed 69 percent to $208 million, or $3.02 a share, in the second quarter from $123.1 million, or $1.79, a year earlier, Vancouver-based First Quantum said in a Aug. 12.

Stocks To Watch

Jinshan Gold Mines - JIN.to popped up as a buy today on my radar. I sold the stock last week and made a nice profit.  It's almost trading at my original purchase price of $1.25. I am still waiting to see alittle more weakness. At $1.33 it looks very attractive. JIN is one of the biggest gold producers in China and 42% of the stock is owned by "China Gold"- China's biggest state owned gold producing enterprise. Here is the website: http://www.jinshanmines.com/s/Home.asp

Coeur d'Alene Mines - CDM.to also came up on my radar.  Like all other gold and silver stock this one has been beaten up.  The stock is currently trading at a very attractive level. Here is their website: http://www.coeur.com/

San Gold Corp. - SGR.v - this is a gold producer that was trading much higher $2.25 just a few weeks ago. They have been coming out with some really high grade drill results. At current levels the stock is very attractive again. Here is their website: http://www.sangoldcorp.com/

Wow,..what a crazy day in the commodity markets today.  Don't panic yet folks and don't be scared to take profits.  This week I will be creating my August Updates page which will have some new stocks that I am following and might be buying during this market weakness.  We are still seeing gold and oil correcting.  Gold I believe should hit $820-$850 before it's next run up. A gold run up should start mid Sept. Oil will probably touch $105.00 and should build some support between $105-$110 before it trend higher again.  Solid oil and gold producers will still be making alot of money with oil over $100 and gold over $800.  Take Advantage.

Lately, alot of stocks have been beaten down to their 52wk lows.  Some appear to be trading at bargain prices.  Gold and Oil stock especially have been getting hit hard lately as oil and gold go into a correction.  Fundementals haven't changed,..the U.S Dollar is still in a downward trend, we are now seeing stagflation, and we are seeing U.S banks go under. The world and growing economies are hungry for oil which means we will see high demands and high oil prices.  I highly recommend watching this movie - http://www.oilcrashmovie.com/  All these issues should help gold and oil prices move higher in the very near future.  Watch for a gold buying opportunity in the coming weeks and I believe oil has come down too fast and should start heading up in the coming days. Buy quality companies with lots of cash, excellent management and assets. 

Long term: we will see a much higher oil and gold price.

I currently have a few gold stocks that I am watching very close and will be posting them on my site soon.  I am looking at gold stocks that are coming into production within                 1-2yrs. These gold stocks on my radar have resources between 5mil.-13mil.oz 43-101 resource. I believe they are all potential take over targets.  I will mention them soon on my next update.

Gold Chart

 
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"The world has never faced a problem like Peak Oil. Without massive mitigation more than a decade before the fact, the problem will be pervasive and will not be temporary. Previous energy transitions (wood to coal and coal to oil) were gradual and evolutionary; oil peaking will be abrupt and revolutionary."

Today I have updated - July Updates Page You will see that I have mentioned a few new buys. These stock were purchased last week July 11, 2008.  They are Uranium One- UUU.tsx, IAMGOLD Corp -IMG.tsx, and Ivanhoe Energy -IE.tsx.  I also bought  Yamana Gold -YRI.tsx  but that was only a day trade. I might of sold it early but a profit is a profit.  Long term Yamana Gold will do very well is this gold bull market and I am recommending that as a great buy.  The other stock I bought today but didn't mention it on my July Update page is QMNM-Quest Minerals and Mining- this is a high risk coal play that I am buying into again.  They had a good news release today and the stock seems to be building some support at current levels.  I rate "QMNM" as a very high risk stock -possible high returns.  Be prepared to lose all or most of your investment on this stock -it's a penny stock.

And finally,..currently my biggest holding -Equinox Minerals -EQN.tsx.  I have accumulated some more last week.  I believe this stock will be trading much higher from current levels in 12mths from now.  See may past article on EQN.tsx.  and you can also read some of my posts on http://www.stockhouse.com/ under LexLuthor2 aka: Lex Corp

Remember folks ,..do your due diligence before taking any position an any type of investment and speak to your financial investor before making any investment descisions. -disclaimer-

Today I am updating my July Updates. You can see my monthly updates by clicking on the link on the left.  Equinox Minerals - EQN-TSX will be todays feature - Plus I will mention 2 coal plays that interest me.

I would also like to thank all my http://www.stockhouse.com/ blog readers for visiting my website.

Here is a list of stocks that I have sold and bought within the last 2 weeks.  

Sold:

NAG- North American Gem is a great buy again.  I bought it at .35cents and sold it at .53cents.  I am currently looking at re-purchasing the shares again. 

CDB- Cloudbreak Resources is also starting to look attractive again.  I bought this originally at .115cents and sold it at .215. 

SF- Silver Field Resources -was purchased at .105cents and sold at .13cent - good % gain.

All 3 stocks have corrected nicely and they are starting to look very attractive again. I will eventually take a position in these 3 companies in the coming days.

Buys:

Ivanhoe Energy  IVN-TSX and IVAN-Nasdaq- I bought more of this stock on  July 4th.  This company has great management and great land assets in the oil sands in Alberta.  Read their news releases website link - http://www.ivanhoe-energy.com/s/Home.asp

Semafo Inc.  SMF-TSX  I bought this stock on July 4th.  I have owned this one in the past and sold it at higher levels.  I believe at current levels this stock is cheap.  I am very bullish on gold and I believe gold will finish above $1000 in 2008.  Many juniors haven't yet moved up with the price of gold.  We have seen the majors move up with the price of gold but, now I believe it's time for the mid-tier producers to start moving. Semafo Inc. should do well and as we get into the gold season. This is one mid-tier gold producer I feel comfortable owning. 

In 2007, gold production at the Kiniero mine in Guinea and Samira Hill mine in Niger totaled 106,400 ounces, an increase of 12% over 2006. In order to take into account the Mana mine start-up, total production targets have been increased by 60%, to between 165,000 and 185,000 ounces for 2008.                                                                                Website link: http://www.semafo.com/home_company_intro.php

High River Gold Mines HRG-TSX  This stock was trading at $3.00 in March and is currently trading at $1.50.  I believe it's oversold.  This stock has been punished for no major reason.  They have recently cancelled the spin out of Prognoz Silver Project "World Class Silver Deposit" and they just recently announced that they nearly doubled the silver resource at Prognoz. They have just over 100mil.oz of silver-43-101 and I believe this deposit will keep getting much bigger.  I took a position in this stock on July 4th. This is another mid-tier producer I feel comfortable owning.

About High River Gold Mines:  http://www.hrg.ca/s/Home.asp

High River is an unhedged gold company with producing mines, mines under development, and advanced exploration projects in Burkina Faso and Russia. High River is bringing two new open-pit gold mines into production. The Taparko-Bouroum Gold Mine in Burkina Faso achieved commercial production in October 2007, and the Berezitovy Gold Mine in Russia is expected to achieve commercial production shortly. At full production, annual gold production is planned at 100,000 ounces at Taparko-Bouroum and is expected to exceed 100,000 ounces at Berezitovy. Combined with gold production from two underground mines in Russia, Zun-Holba and Irokinda, High River's attributable unhedged annual gold production is expected to exceed 300,000 ounces. In addition, the Company has three advanced exploration projects, the Bissa Gold Project in Burkina Faso, the world-class Prognoz Silver Project and the Chaya Nickel Project in Russia. These projects are expected to significantly add to the Company's shareholder value in the future.

Stocks I Am Currently Reviewing: Potential Buys

PTV - Petro Vista Energy is a very interesting - Oil/Gas stock with land assets in Brazil -hear the audio on stockhouse

PZE- Petrobras Energia - one of the top oil producers in the world located in Brazil

TGS- Transportadora Gas - another Brazil play - gas producer trading below book value - CHEAP

DM- Duluth Metals - keeps increase their resource at Nokomis Project - world class deposit,..sooner or later this will be taken out by a major.   - Will be a low cost producer with very long mine life - Average annual production of 100,200,000 lbs. of copper; 23,800,000 lbs. of nickel; 430,000 lbs. of cobalt; 75,000 oz of palladium, 33,000 oz of platinum and 13,000 oz of gold.  -CHEAP

BIM - Baffinland Iron Mines - lots of Iron -world class deposit - The proposed Mary River project expects to produce 18 million tonnes of direct-shipping iron ore per year and operate for at least 25 years. European steel mills will be the primary destination for the ore. The project and its infrastructure will also provide a foundation for potential future production increases after 2014
http://www.baffinland.com/Theme/Baffinland/files/ASM%20June%202008.pdf

FCO- Formation Capital - Up and Coming Cobalt producer,..it's buy -with some risk as they wait for some more permitting news. - Tuck this one away.  So far all the news coming out has been very positive for the company. Great managment on board.

HRG- High River Gold - this stock has been kicked and beaten.  I believe it's cheap at current levels.

My biggest holding now is Equinox Minerals - EQN- trading at $4.61 today is cheap.  I took advantage of weakness when the stock went below $4.30. It's an undervalued Copper play that is going into production very soon.  I am expecting to see a take out. Not if,..but When??

Alway remember do your due diligence before buying any investment.

Lex Corp

Lately, Coal Stocks have been on fire. After the big coal discovery made my GXS-Goldsource Mines, we stock run from .16 cents to todays close $19.09 in just 2 months.  Other junior exploration companies are now starting to stack land very close to this discovery.  I believe it's late to ride the GXS-Goldsource train,..but you can alway hitch on ride on these other companies hoping to find another big coal discovery in the same area. 

Here is a list of the some of the coal plays that I am currently watch and hold.

NAG.V -North American Gem - Strong Buy .58 cents

North American Gem Inc. Receives Additional "Comfort Letters" for Coal Prospecting Permits Bringing the Total to Approximately 900,000 acres of First Priority Applications North of Hudson Bay and East of Prince Albert, Saskatchewan

CDB.V -Cloudbreak Resources - Strong Buy .175cents  Coal/Potash

Cloudbreak Resources Ltd: 400% Increase in Coal Property Submissions
Cloudbreak Resources Ltd.: Application Underway for 774,282 Acres of Potash Claims Alberta

CAJ.V -Canasia Industries Corp. - Strong Buy .42cents

Canasia Industries Corporation: Applies for Additional Coal Permits Near Goldsource Mines Inc in Saskatchewan

SF.V -Silver Field - Strong Buy .135cents

Silver Fields Resources Inc. Applies for Additional Saskatchewan Coal Permits

Remember folks,...these stock listed in this article are high risk speculaton plays.  I highly recommend doing your due diligence and talking to a financial advisor before taking a position in any investment as I noted in my disclaimer.

Today I sold my position in QMNM -Quest Minerals and Mining.  I made a 2000% Profit within 3 trading days.  I highly recommend taking profits or selling your position because there are too many red flags.  If you are a risk taker, then ride some free shares and wait for the outcome.  

ihttp://www.stockhouse.com/Community-News/2008/June/13/Oil-and-gas-junior-tops-list--Portfolio-Spotlight

http://www.stockhouse.com/MyStockhouse/Default.aspx?u=406763

June 23/2008

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    -Disclaimer- Any information contained on The Lex Corp News Letter represents the editors opinions, and should not be construed as personalized investment advice. Lex Corp News Letter -Editor cannot assess, verify or guarantee the suitability of any particular investment to any particular situation. Lex Corp News Letter readers should seek the advice of a qualified investment professional that provides individualized advice prior to making any investment decisions- this is a none profit website that only supplies the editors opinions. The editor may or may not hold a position in any of the companys mentioned on this website unless noted.

"You Invest At Your Own Risk"