Tuesday, 25 October 2011

Crazy Horse Resources

Crazy Horse Resources is a Vancouver based mineral exploration company, that is focused on developing the Taysan Copper-Gold Porphyry Project, in Batangas Province, Philippines. Batangas is on the main island Luzon, about 100 km south of Manila. The Taysan Project is an advanced copper-gold porphyry deposit. The Crazy Horse Resources Inc. website is at http://crazyhorseresources.com/
You can check the essentials of their new NI-43-101 compliant resource report at http://www.goldminerpulse.com/c/czh.php. The deposit has been explored historically with 225 drillings. CZH continued the exploration work with 77 more drillings done. As a result, over half (53%) of the resources are now upgraded to the 'measured and indicated' category.
Crazy Horse Resources is ranked N° 1 by the Valuation metric and as such, I have received some questions on this explorer before. So off we go.

Monday, 10 October 2011

Junior gold miners and explorers lagging majors

On the gold miner pulse page of this blog, I have been pointing to the dramatic underperformance of juniors in the brutal miners swoon caused by the recent severe gold correction.
Since early April, junior miners ceased to outperform mining majors. Juniors nor majors were able to keep up with the pace of the gold price rising during summer. Whereas miners withstood a first pull back of the gold price rather well, the correction in the second half of September turned out to be dramatic. Junior miners and explorers paid a high price and much of their advantage over major miners is melting away. 
Junior miner performance on that blog page is measured using the MVGDXJ index. That index is going back to end Dec-2003 and offers a relatively long perspective when compared to the GDXJ Etf itself.