Nevada Mining Companies

In light of the news today that Newmont is buying out Fronteer Gold, I thought it was a good idea to dig for other companies in the same area. Actually, TradingChief mentioned today that we should look to see who else is in the area. ;)

http://tradingchief.com/

There are a few that I was already following but after doing a search came across this article. It's a must read, and gives a quick rundown on 9 companies. See the article at the bottom of this post.
You can skip the one on Fronteer, because they've already been bought out. (Up today $4.07 - 39% gain to close at $14.32..wow!) Congrats Eva!! ;)

The article also goes on to say that there's far more companies in the area but these 9 look promising.

Also, please don't forget that Fronteer Gold has moved past the exploration stage and is in the process of development.

Ok, the companies mentioned in the article

FRG-T - Fronteer Gold - $14.32
MDW-V - Midway Gold - $1.28 up 11% on the day
RPM-V - Rye Patch Gold - .43 - up 3.6%
EVG-V - Evolving Gold - .99
UXG-T - US Gold - $7.12 up 9.37% on the day
ANV-T - Allied Nevada - $28.34 up 5%
GBG-T - Great Basin Gold - $2.65 down 1%
GPD-T - Golden Predator - .80 up 8%
PG-T - Premier Gold Mines - $6.59 up 1%

My comments in addition to the information offered in the article: (see link at end)

MDW - MIDWAY GOLD - 96.5 mil shares os
Note: JV with Barrick
This one announced today that they've begun drilling on their Pan Gold Project, Nevada.
http://www.midwaygold.com/s/NewsReleases.asp?ReportID=441077

The President and COO is Kenneth Brunk Mr. Brunk, who served as Chief Operating Officer of Romarco Minerals, where he led Romarco through the feasibility study on its Haile Gold Mine project. Mr. Brunk's efforts aided in elevating Haile from a prospective exploration effort to a successful world-class mine development project. Previously, as Senior Vice President and Senior Technical Officer at Newmont, Mr. Brunk was responsible for all of the technical functions of the operating, mine planning, metallurgical development, projects, and engineering groups within Newmont.
Read more on MDW management, because they do have an experienced team.
http://www.midwaygold.com/s/Management.asp

Technically (weekly chart) this one broke out at $1.09, but is overbought.
http://stockcharts.com/h-sc/ui?s=MDW.V&p=W&b=5&g=0&id=p79784014837
Major support sits at $1.00, but 1.10 might be a good place to bid.

No insider sells, but there was a grant of options.
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=mdw

Company website:
http://www.midwaygold.com/s/Home.asp

RPM - RYE PATCH - 96.8 mil shares os

I did a quick write up on RPM in Dec. 2010

The President, Mr. Howald is a co-founder of Rye Patch Gold. Prior to joining Rye Patch, he was General Manager of Exploration, United States and Latin America, for Placer Dome Inc.

This is a chart showing the resources that RPM currently has.

RESOURCE TABLE

Insiders have been purchasing the stock, with the last buy on Jan. 14

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=RPM

I had this one, but unfortunately sold it because it just did nothing!
Technically it broke out over .38 so that's your area of support. The weekly chart shows R right where it closed today at .425, and if it can break out over that and the intraday highs of .485, then I think this one could do .62

http://stockcharts.com/h-sc/ui?s=RPM.V&p=W&b=5&g=0&id=p38494081706

EVG.V - EVOLVING GOLD - 127.8 mil shares os

The President, is Quinton Hennigh.
From their website:
Quinton Hennigh is one of the most imaginative and visionary gold exploration geologists in the field. Prior to joining Evolving Gold,Quinton served as Senior Research Geologist with Newmont Mining. He has worked throughout North America, in Europe, Australia, Asia and South America with Newmont Mining, Newcrest Mining and Homestake Mining. He balances the pragmatics of business with bold innovation. He has spent years developing regional concepts for the exploration for buried gold deposits, particularly in Nevada. Quinton comes from a long tradition of gold seekers - his great-great-great grandfather followed the gold rush to Colorado in 1859.
http://www.evolvinggold.com/ourteam/directors.html

The weekly chart shows support at .90 and R at 1.20. If it can get through the 1.20 range then it could head back up to high made last June at the 1.80 - 1.90 range.

Insiders were buying last year and there are no sells
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=EVG

Company Website: http://www.evolvinggold.com/

GPD - GOLDEN PREDATOR - 79 mil shares os

Golden Predator is an interesting one because they're in both the Yukon and Nevada. (I especially like this one) Something you'll notice with the drill results GPD is getting out of their Nevada properties is the higher grade.
GPR is currently drilling in the Yukon, and by the look of their website headlines, they seem to be concentrating in that area.
Of interest:
The Chairman and CEO is William Sheriff who co-founded and served as Director and Chairman of Energy Metals Corporation, formerly a public company listed on the NYSE Arca and the TSX which was acquired by Uranium One for $1.8 billion in 2007. He has previously served on the Board of Directors of Evolving Gold Corp., Quincy Gold Corp., Midway Gold Corp., Eurasian Minerals Inc. and Uranium One Inc.
http://www.goldenpredator.com/management.html

Insiders have been buying, with 1 sell (front street management)
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=gpd

I like GPD because of the weekly and daily chart.

Daily, the stock broke out today when it moved over .75 (use now as stop loss)

http://stockcharts.com/h-sc/ui?s=GPD.TO&p=D&b=5&g=0&id=p65750560704

Weekly, looks more interesting and if it can get over that intraday high of .90, I see a preliminary target of $1.05..maybe more depending on news.

http://stockcharts.com/h-sc/ui?s=GPD.TO&p=W&b=5&g=0&id=p67515793206

GBG - GREAT BASIN GOLD - 414 mil shares os

Great Basin Gold has two emerging mines with a healthy growth production profile; 100,000 oz in 2010, 240,000 oz in 2011 and over 300,000 oz in 2012. With the Hollister and the Burnstone mines targeted capacity at 364,000Au eq oz. per year, significant cash flow will be generated to strengthen the balance sheet and further grow the company.
I like this one because they're already in production. Right now the company is still losing money, and if they can improve their margins and move to profitability then it's a decent longterm hold.

Management:
http://www.greatbasingold.com/index.html?lf=1;pg=8;

No insider selling, but the exercise of options.
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=gbg

Company homepage
http://www.greatbasingold.com/

Technically this one is sitting right at support on the weekly chart.

This is the initial article.

HUNTING FOR GOLD IN NEVADA'S ELEPHANT COUNTRY