Archives for July, 2013
I had breakfast last Friday with Mr Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs since 2006. I should mention that there were a few others present. The Australian’s Andrew White referred to the breakfast as “a room full of board and investment banking luminaries”, not sure where I…
I had a very agreeable meeting with Sovereign Gold Company’s MD, Mr Michael Leu, yesterday. My first impression is that Michael’s geological team is probably one of the best in the country. This is something I consider very important – but then I am a geologist. We had a wide…
Blackthorn Resources has a current market capitalisation of around $40 million and had cash of $28 million at the end of March 2013, leaving an “enterprise value” of around $12 million. This seems low, given the company’s assets, and is therefore worth a closer look. The share price has been…
Sovereign Gold Company today released gold results for its first deep drill hole (GHD001) at Hobbs Pipe 1 at its Mount Adrah Project: 284 metres at 1.2g/t gold from 192 to 576 metres. When allied with previous drilling, this result shows that the pipe is mineralised from surface to at…
Coppermoly is an ASX-listed exploration company focussed on copper-gold-molybdenum projects. All its projects are on New Britain Island in PNG. The Nakru, Simuku and Talelumas projects are all joint ventured with Barrick (PNG Exploration) Ltd, wherein Barrick holds 72% and Coppermoly 28%. Barrack earned its interest through exploration expenditure of…
Listening to commentary about China’s woes, there seems to be a sense that China has done its dash and will move to slow or no growth. While this may be so, it flies in the face of the historic record. China has been the world’s largest economy for most of…