In This Issue
Weekly Commentary
Monster gold projects keep coming in South America
We are continuing to see volatility in the US markets, courtesy of the tech stocks. We don’t have the same exposure to tech stories in Australia, but we can still suffer from the ripples as seen this week. Sentiment has softened further with the three indices that we cover all in short term downtrends. Time will tell if this is an extended correction or just a speed bump for our resources sector.
Australian companies are starting to achieve success in a number of South American countries with large scale gold projects (as opposed to narrower high grade geology that is usually constrained). There is a very positive vibe coming through, somewhat like that which we saw a bit over 10 years ago when, at BGF/Canaccord, we were heavily involved with the West African gold story. This South American thematic is likely to gather momentum if the good drill results keep coming. We have previously covered Titan Minerals (TTM) and Tesoro Resources (TSO).This week we have Los Cerros back in the limelight with the release of very positive drill results.
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