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December 29, 2009 / Jeb

Chinese Buy Corriente Resources (ETQ), Gold Copper Assets Receiving Premium

I have chosen to purchase shares of companies that I find are at a discount compared to its peers, are located in mining friendly jurisdictions and have exposure to more than gold such as copper and silver.

New Gold has assets and exposure that will bring cash costs down and is cheap relative to its peers at the moment.  The news out of Mexico has provided an opportunity to buy shares at lower prices.

This Chinese Company made a smart move buying ETQ.  I chose not to invest in Corriente due to the location and geopolitical climate in Ecuador.

If ETQ is receiving a premium, imagine what NGD should be getting if it is given an offer for El Morro in Chile and New Afton in British Columbia as well as all of the other assets.

China is actively searching for exposure to both base metals and gold.  Companies that have those assets combined will receive a premium.

I am including a chart of copper versus treasuries to demonstrate that the world is giving value to real assets over debt.  There is a rush for natural resources and commodities and it is important to follow the trends.

Be on the right side.

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One Comment

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  1. lou / Dec 31 2009 6:02 pm

    what are the top 5 buying opportunities? ps happy new year and thank you

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