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True Gold, Pilot Gold, Cayden Resources, In A Rocky Mountain HighThom Calandra I am taking a line from the review in The New York Times for Ron Howard's racing film, "RUSH." The reviewer says the movie, just out, "feels like the movie that (the director) has been waiting to make his whole life." I discovered the 15-minute template that presenters might view -- if they want to influence possible investors. This could be the movie that many fledgling prospectors are wanting to make their entire lives. I told you I was viewing some of the 60 or so webcasts going on at Colorado's Precious Metals Summit. The show FOR A SECOND YEAR RUNNING precedes Denver Gold Group’s three-day affair, which is going on this week. See: Just in – Mark Bristow’s Randgold. TRUE GOLD: Mark O'Dea, executive chairman of True Gold Mining (TGM in Canada), comes away with a 93 percent Cruddy Pick-Axes rating (like Rotten Tomatoes, only better) cited above for these 15 minutes of game talk: See here. Mr. O'Dea has a few movies out. One of them, Fronteer Gold in Nevada, did smash box office. Sold to Newmont Mining for $2 point something billion. Another is running now and is one of our TCR 8 -- Pilot Gold (PLG in Canada) in Turkey and Nevada. Mark, who visited with us here in Belvedere-Tiburon this past (northern hemisphere) summer, does what all of these presentations must do to INFLUENCE SHARE PRICE. That is, in 15 minutes or fewer, "Tell them HOW they are going to make back their MONEY." Mr. O'Dea's talk does that, and I intend to purchase TGM shares as soon as I can. Watch for yourself and give it your own pick-axe rating. True Gold in Burkina Faso has what looks like one of the highest-grade development stage heal-leach gold mines in the world. What Mark does is SHOW US the 12 of them. See slide show. These include projects by Paramount Gold, also in Mexico (PZG in USA), Victoria Mining (VIT), Lydian and others. I think Mark tries to bring his gold developer to life in that brief span he gets from his Precious Metals audience. (He might have received a higher pick-axe rating had he filtered in more tonal range and a spot or two of juncture for suspense.) Takeaways: -- "It has the foundations to be the next West Africa mining company." (After Mark Bristow’s Randgold, I imagine.) -- "Our shareholder base is completely built.... We got (rid of) Golden Star (Resources)." Fittingly, that day when Mr. O'Dea was here in northern California telling his story. -- TGM added the insurance unit, Liberty Metals & Mining, and the miner Teck Resources (TCK in USA) as large shareholders and stakeholders. -- The site of the heap-leach property, Karma, is fully permitted. -- "For $125 million to $130 million (capital expenditure) we are going to start mining 100,000 (gold) ounces a year." -- "This is a project that pays back in less than two years." I like that scene in the movie. -- "This is a camp situation ... a mine that will run 15 or 20 years as we make more discoveries." True Gold at Karma is a few months away from a final feasibility. I think the fine print legal is that a company cannot guarantee it shall proceed to build a mine until that FF is in. The three targets at Karma just got their environmental permitting from the appropriate Burkina Faso ministry. There is more here. See that slide deck. Perhaps the nicest surprise? No bad (or good) karma jokes. There are more than a few execs out there who could take a hint or two on presentation skills. Mr. O'Dea is not one of them. And hey, he and his companies do not pay me to say that. Click here. Several more of our TCR 8, including Gold Standard Ventures and Jonathan Awde, were in Colorado this week. See here. Cayden Resources (CYD in Canada) also was in the Rocky Mountain state. It is looking for more of Dan McCoy's exploration expertise in Mexico (Guerrero Gold Belt). CYD's Ivan Bebek likely boosted the share price with this web-cast presentation. (Cruddy Pick-Axes rating: 89 percent) Mr. Bebek, and his former Keegan partners, twisted my arm and I bought the shares 10 months ago in New Orleans at about $1.20 a share. The year-ago focus, and the reason I bought the stock, was El Morelos in the Guerrero Gold Belt and Cayden land that one day could be sold to Goldcorp for that surrounding company's gold-silver-copper mining. "We won't sell Las Calles (Cayden target at El Morelos) for less than $50 million," says Ivan B. The new focus, and why the stock is progressing, is exploration success, trenching with 3-gram-plus gold per metric ton at surface, at El Barqueño in Jalisco state, Mexico. Young Ivan (pronounced EYE-ven)'s pitch at the Colorado show comes in just beneath that of Mark O'Dea's True Gold one (Cruddy Pick-Axes: 93 percent). This is because Mr. Bebek might have been more persuasive had he led with the exploration at El Barqueño instead of saving it for his closing 6 minutes. I intend to hold CYD shares until they reach $2, a possible mark that would give Cayden an all-in market worth of about $95 million. ### Thom Calandra THOM CALANDRA just revived THE CALANDRA REPORT, a subscriber service, after years gathering gold dust in the silo of natural resources come-uppance. Thom is also a principal of Torrey Hills Capital and a lifelong journalist. He co-founded CBS MarketWatch and FT MarketWatch. He started Ticker Trax in Canada. His reviews of natural resource companies and on-site visits to Colombia, Ghana, Cambodia, Mexico and Canada have become standards for independent coverage. THE CALANDRA REPORT some eight years ago was the standard-bearer for aggressive natural resources investing. He lives with his family in California. More on Thom at www.babybulls.com. 321gold Ltd |
