Source: George Mack of The Gold Report 02/02/2011
PI Financial Institutional Sales VP David Goguen sees real potential for share price appreciation in select mining companies with expandable resources. Through their quantitative research report Select Golds, Dave's team, including Associate Brodie Dunlop, are focused on Latin American explorers and producers. But they don't stop there; they continue to search the globe for companies moving through the industry lifecycle of advanced explorers and emerging producers all the way up to junior producers. In this Gold Report exclusive, Dave and Brodie share a few mining plays that range in size from micro cap to liquid small cap that offer real opportunity to leverage the power of value.
Auszug:
TGR: What other companies do you like?
David Goguen: We like B2Gold Corp. (TSX:BTO; OTCQX:BGLPF), a new junior producer with 120 Koz. of production in Nicaragua at a cash cost of $540/oz. The company has a cash position approaching $50 million and aggressive drill programs around both of its existing mines—La Libertad and El Limon. There is also interesting exploration going on at its Cebollati gold project in Uruguay. At Cebollati, B2Gold has just commenced a 5,000m drill program that will follow up on some promising trenches reported in late 2010. Soil sampling, trenching and geophysics are supportive of a large multimillion gold target.
TGR: B2Gold is unhedged, debt free and has improved its cash cost by $131/oz. So, is the company for a more conservative investor?
David Goguen: I think B2Gold represents one of the best examples of a junior producer in the junior gold space. It has a strong management team capable of both discovering and building through its exploration and development teams. It also has strong access to capital markets through the executive team with a demonstrable track record of success. B2Gold has strong production growth coupled with a solid pipeline of exploration potential.
www.theaureport.com/pub/na/8496
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