Originally I thought that 2011 would be the year for Brigus, but the small cap golds are still not right. Although Brigus has shown a real turnaround, they have not been recognized properly yet. They join the club with several other great up and coming Gold companies.

The good thing is that 2012 will provide a great opportunity for new investments in Brigus.Management has projected they will produce 100,000 plus OZ of Gold in 2012. Personally, I think the price of gold will exceed $2000 per oz in 2012.

If the above is acheived, earnings of $60 million is a good possibility, and the stock should be well over $5 per share. That would be a 350% gain. Downside of Brigus is low but who knows? I believe in management that has done everthing they indicated.

Actually, I think someone will make an offer for Brigus, once they look like they will acheive their goal. Of course the offer will probably be for less than $5, but I'll be happy with $3.75 or so.

Anyone out there that thinks otherwise, let me know why this will not occur. Thank and have a great Thanksgiving.

I learned about this company when they invested in Brigus Gold. (not Briggs). After analyzing the investment it prompted me to look into this Company. I determined that is a win/win situation for them. Only trouble is the sister company looks even better. That is Sandstorm Metals. Both look like winners, so probably split the investment between Gold and Metals for the long term. This is my next big long term winner. I still love Brigus Gold too.

I am new to this board. The last time I posted on Agoracom was in 2009 with Castle Gold. Big winner for me, although they got taken over too soon and too cheaply. Brigus is better then Castle and should be a bigger winner. Over 1-1.5 years this should be a 5-6 dollar stock. Patience is the answer. Nobody knows timing but you should recognize quality. So, hold until you hit your goal; be patient because you cannot rush the inevitable. Brigus has demonstrated superior performance. It is only a matter of time before their earnings explode. They are producing more gold and the price of gold is still rising. This is a compounding effect that should reflect on the price of the shares eventually. They are also a great takeover candidate. Good luck.

If less than 66.66% of the shares are not tendered, then Argo will have to make a decision to pay more or abandon the deal. According to the agreement CSG will pay them $3million. Since CSG is worth so much more since the price of Gold has gone up so much, I believe that Argo will pay up. I think a fair price is approximately $2 US. (Argo will still be getting a great value). I say US, since the POG is measured in US$. I think the investors are so much better off if this deal does not close at the agreed price.

POG keeps rising and makes is stupid to tender now, IMO. If you read my former post, 21 days ago, you will understand that for every $10.50 rise in POG, the stock should gain $0.13US. Since the last 21 days since my post, POG rose about $100. This means the gain only, is equal to $1.30 per share, give or take. I am NOT tendering my shares.

I hope this post does not get censored & removed like my last two posts did. After all, I am entitled to my own opinion.

Lets look at this deal from another perspective. This will give you much more perspective.

Lets say Castle was a private Co that will be producing at the rate of 60,000 oz/yr. With the price of gold today at $1100, the profit margin is about 50%. OK? Its not exact but you can get the picture.

Profit for 2010 will be $33 Million. Now, using a PE of 17.5 which is fairly conservative for a growing gold producer with more than 12 years of reserves, that should make a market cap of approx. $577 Million. We have not even considered the assets of LaFortuna which are substantial on their own. We have not considered El Sastre which will still throw off a few million in profits.

The Market cap of $577 million is more than 5 times greater than the current market cap of approx $107 million for our shares. This is without considering the additional assets listed above. This is also without considering the potential increase in the price of gold over the long term. (bottom line-we are getting 1/5 of the value of the company). These rough numbers speak for themselves

Now, substitute the name of Castle with Argonaut which is private and brand new, and only formed for the purpose of purchasing Castles assets at a huge discount. All in my humble opinion, of course.

Does that help?

With the new all-time closing high of .90 and with the volume at 4X normal, does anyone think this is not a technical breakout? Look for a 15-20% move from here. You heard it first here.

As far as the production is concerned, CSG is meeting their projections and I am impressed. 60,000 is possible next year, '10. Hope they control their internal spending and we will have the winner we all were expecting. This, in spite of the BOD mistakes.