The quantity of information that is needed to make rationale mining investment decisions is immense. It is near impossible to read all the daily emails or go to all the conferences and meetings on mining that have as their ultimate gold-goal the provision of advice to help you make profitable mining investment decisions. Now there is one more source of information; and I venture that it is a good and useful one.
I refer to a new feature on InfoMine called Featured Mining Investment Opportunities. (In accordance with some obscure law, I am required, at this point, to tell of my relationship to InfoMine. First, they have not paid me to write what follows; nor have the offered any inducements to promote me to promote them. They do, on occasion, copy postings from this blog on their front pages—but that is only when I am not, in their opinion, offending anyone. I emphasize that I am an independent, opinionated old blogger; take it or leave it.)
There are two parts to this new feature.
The first is called Financials. Besides the name of the listed mining company, are what are titled Investment Details. Here you will find a link to their official website (I would prefer links to their unofficial website—may be more scurrilous.) You will also find the stock exchange on which the company is listed; the currency they deal in; current share price; volume; percent change of share price; and 52-week highs and lows.
A second page is called Commodity Exposure. Here are listed the region in which they mine and the commodities they mine. Thus if you are a gold bug and read MineWeb and their endless stream of predictions that the price of gold will rise, here you can find the companies in which to invest in the hope they will make you rich mining gold. I was surprised by how few mine uranium–I cannot but believe that is more valuable than gold. For with uranium you can make energy; whereas gold merely sits idle in a vault making you believe you can buy carrots & guns with the bars in the event of an economic melt-down.
The list of companies is not the entire universe of mining companies. That is why you will find only one company mining coal, another useful product, in my simple view of things. There is room to expand the companies list; at least include more coal mining companies.
There is no indication of why some companies are listed and some are not. I am informed that only ”featured” companies are listed; and a featured/listed company apparently pays InfoMine to be featured/listed. I am not sure if that makes them a better investment than an unfeatured/unlisted company. You decide on the basis of your opinion about the merits of company profits going to featuring/listing as compared to dividends.
The companies are not listed alphabetically. So you can have fun stumbling your way down the list to come across surprises you had not previously heard of. Then more fun is to click on the link to enjoy the company description. Some florid writing to be found. At random I clicked on one to read this:
Malbex Resources Inc.(TSX-V:MBG) is a Canadian gold exploration company led by experienced management and directors, including several former executives and directors of Aurelian Resources Inc. Malbex holds an indirect 100% interest in three exploration projects in Argentina’s El Indio Gold Belt, which hosts over 40 million ounces of gold in past production and current reserves. Two of the projects are in close proximity to Barrick’s Veladero and Pascua-Lama gold deposits, while Del Carmen, the Company’s flagship project, is about 75 km to the south, less than 30 km to the southeast from the former El Indio-Tambo mine. Malbex operates in the pro-mining province of San Juan, which boasts three operating gold-silver mines (Veladero – Barrick, Gualcamayo – Yamana Gold Inc., and Casposo – Troy Resources NL), one major development stage mining project (Pascua-Lama – Barrick) and widespread exploration activity.
This company had a 52-week high share price of 98 cents, a 52-week low of 22 cents, and is currently priced at 42 cents. Their region of operations (exploration) is Oceania (where is that?) and their exposure is gold and silver. Must take a look at them in more detail. If you profit from their shares, let me know. I emphasize this was a random click: I do not promote them, nor know anything more about them than I get from this new InfoMine feature.
Considering how difficult it is to keep abreast of mining investment opportunities, this new feature is to be welcomed. I recommend giving it a try. If you have suggestions to improve it, email them to me and I will forward them on to the folk who are compiling it.