|
|
|
|
December 1, 2011 Dear Friend,
Gold companies continued to make
consistent strong progress, as one would expect with gold prices
averaging $1,600 in 2011 and prevailing within 10% of $1,900 early
September highs. All gold speakers displayed notable business
progress, where the smaller companies may enjoy fabulous growth
rates after beginning with small denominators. New producers in the
20+ mm oz resources club included Pretium Resources,
NovaGold, International Tower Hill and we hosted nearly a
dozen companies in the 1 to 10 mm oz resource range.
Nongold companies noted within these reports include Candante Copper with near a $40 billion in situ resource, Pacific Northwest Capital with near 1 mm oz of palladium resources, privately held Appia Energy with uranium and light rare earth elements mixed together, Lucky Strike with 0.6 billion tonnes of lignite in Mongolia and others. Faithfully,
John C. Tumazos, CFA
|
Copyright © 2008 John Tumazos Very Independent Research,
LLC
|
