Here is my top list for the next year.
Where I am investing next:
I have done a lot of work on the following stock picks and I want to share them with you and tell you why I find them attractive to buy into right now.
Jiminex Inc - JIM:TSX-V- 14 cents/share
These guys just starting drilling and are flying under the radar. A very small float and a takeover target in my opinion. This will be a great long term holder and with gold headed much higher this is my top pick for the next 6 months. I am looking at holding a million shares by the end of Novemeber in this one. They are close to the 21 million ounce Hemlo gold deposit currently being mined by Barrick Gold Corp.drilling is scheduled to begin on October 18, 2010 on the drill-ready 100%-owned Parres property, Snow Lake copper-zinc and gold mining area.
Intertainment Media Inc - INT:TSX-V- 11cents/share
Great management team here and a good business plan. The new platforms and growing industry attention will put this on the map very soon. I think once it goes it will move fast. I intend to have a strong position with this company as well as participate in any future placements. These guys like to keep investors informed in whats happening and have been putting a lot of their own cash into its operation. I expect his to break a dollar in the new year and be a strong takeover target by the likes of Google, Yahoo or even Microsoft. The growth rate of this company and the way its end users have grown is staggering.
BOXXER GOLD CORP - BXX:TSX-V- 19 cents/share
Same guys as CUU have been actively involved in this play. Nice float, good support and a $1.00 short term price target is quite conservative. This one is rapidly starting to have a following on the boards so more buyers will be streaming in. Highlights include:$2.7M cash on hand to complete the planned exploration work programs at the Boss and Buena Vista projects;
* The 8,000m diamond drilling program on the Boss Property
Magellan Minerals Ltd - MNM:TSX-V - $1.24/share
Lots of attention coming into this company. I think anything close to $1.00 is a good buying opportunity.
This reminds me a lot of CTN but these guys will move forward much faster.Scotia Capital has recently put millions into this company at current levels. I can see a run into the $2.50-$3.50 range in the next 6 months.
UCM:TSX-V: 5 cents/share
Strong support from guys involved early with EAS & CTN. As well some banking industry people on Bay Street have arranged a lot of promotion with some very influential people in Vancouver. This one is expected to run over $1.00 from its current 6 cent level in the next 6 months. This company has a solid game plan but I do consider this a higher risk than the other ones I will be listing in the next 2 weeks mentioned. Sometimes you have to weight the risk vs reward on these junior gold plays. Actual mine operation about to start shortly.
GREEN LIGHT RESOURCES INC - GR:TSX-V- 20 cents/share
This may be the largest rare earth element holding company in North America. It has a very small float and I have a strong contact relationship with this company. Low entry level price and an aggressive roll out on meeting milestones in the next 12 months. My mid-range target price is $1.20 in the next 6 months.
NWT URANIUM CORP - NWT:TSX-V-20 cents/share- NWT Uranium Corp. (TSX VENTURE: NWT)(FRANKFURT: NMV) ("NWT" or "TheCompany") would like to congratulate Niger Uranium Limited ("NigerUranium") on its Joint Venture Agreement with SAN, the joint owner andcurrent developer of a portfolio of large nickel projects in SouthernAfrica. Niger Uranium believes that the Joint Venture's nickel projectshave potential to host large low-grade, economic, open-pittablesulphide-nickel mineralization, with the flagship target being theBurgersfort nickel project in the Mpumalanga province of South Africa.
PREMIUM EXPLORATION INC - PEM:TSX-V-48 cents/share-Premium Exploration Inc. (TSX VENTURE:PEM) ("Premium" or "the Company")is pleased to announce the release of the EM-56KHz post-processed imagefrom the 3,700-plus line-km airborne geophysical survey conducted over30 kilometres of strike length on the Orogrande Shear Zone in CentralIdaho under Premium's control.
East Asia Minerals- EAS.V -East Asia Minerals Corporation (TSX VENTURE:EAS) announces that drillinghas extended the east-northeast trend of the Miwah Main Zoneapproximately 200 metres to the East Block M area at the Miwah GoldProject in Aceh Province, Northern Sumatra, Indonesia. EXD004encountered 1.47 g/t gold over 40.4 metres within a broader interval of0.6 g/t gold over 165.7 metres containing 0.89 g/t gold over 90 metres.In addition, a deeper capacity drill rig has commenced the extension ofEMD024, which ended in high-grade gold mineralization due to previousdrill rig limitations.
Encanto Potash Corp.- EPO.V- Encanto Potash Corp. ("Encanto" or the "Company") is pleased toannounce that it has signed a formal Joint Venture Agreement ("JVA")with the Muskowekwan First Nations ("MFN"), and their wholly-ownedoperating company, Muskowekwan Resources Ltd. ("MRL") for the purposeof developing and operating a potash mine on the Muskowekwan FirstNations' land.
Centurion Minerals- CTN.V- Lots of issues to get through with labor in Indonesia and the locations of some of their claims. As well they have spent close to a year negotiating for land position and not to land clearing and prep. I suspect that in the middle of Q1 next year we should see drills finally start to spin. Until then this is a wach and not a buy right now. Over priced with so many free trading about to flood the market next week.