Metals & Mining Analysts' Ratings & Estimates - Juniors

Tuesday August 27, 2013 10:03

Junior Producers, Development/Advanced Exploration Stage
Iron Ore, Base Metals, Gold, Silver, Pt-Group Metals, Specialty Metals, Uranium, Coal, Fertilizers

Iron Ore Price Shrs O/S Mkt Cap Earnings Per Share      Price/Earnings  
Symbol Rating 16-Aug-13 (MM) (US$MM) 2012 2013E 2014E 2015E 2016E 2013E 2014E 2015E 2016E Commodity/Country
Afferro Mining Inc (UK) AFF 1.3 US$1.27 105 $133 (0.06) (0.05) (0.05) -- -- -- -- -- -- Fe ore/Cameroon
African Minerals Ltd (UK) AMI 1.9 US$3.13 331 $1,038 (0.58) 0.37 0.93 0.63 0.42 8.4 3.4 4.9 7.5 Fe ore/Sierra Leone
Alderon Resource Corp (CN) ADV 1.9 C$1.38 130 $174 (0.65) (0.18) (0.20) (0.56) -- -- -- -- -- Fe ore/Canada
Aquila Resources Ltd (AU) AQA 2.7 AUD$2.16 412 $811 -- (0.06) (0.07) (0.14) 0.28 -- -- -- 7.8 Fe ore/Australia
Bellzone Mining PLC (UK) BZM 2.8 US$0.07 730 $51 (0.07) (0.03) (0.03) (0.03) -- -- -- -- -- Fe ore/Guinea
Brockman Resources Ltd (AU) BRM -- AUD$2.53 145 $335 -- -- -- -- -- -- -- -- -- Fe ore/Australia
Champion Minerals (CN) CHM 3.0 C$0.22 121 $25 -- (0.05) (0.24) (0.52) (0.07) -- -- -- -- Fe ore/Canada
Equatorial Resources Ltd (CN) EQX 2.5 AUD$0.60 122 $67 -- (0.15) (0.06) -- -- -- -- -- -- Fe ore/Republic of Congo
Gindalbie Metals (AU) GBG 3.5 AUD$0.16 1493 $211 -- (0.00) 0.02 0.02 0.00 -- 6.5 7.3 NM Fe ore/Australia
Grange Resources Ltd (AU) GRR 3.8 AUD$0.22 1156 $237 0.03 0.00 0.01 (0.01) -- 56.2 32.1 -- -- Fe ore/Australia
IRC Ltd (HK) 1029 2.1 US$0.10 4312 $439 (0.01) (0.00) 0.01 0.02 -- -- 11.9 5.8 -- Fe ore/Russia
Labrador Iron Mines (CN) LIM 3.0 C$0.52 126 $63 -- (0.42) (0.09) 0.07 0.11 -- -- 7.6 4.8 Fe ore/Canada
London Mining PLC (UK) LOND 2.3 US$1.73 138 $239 (0.27) 0.20 0.49 0.41 -- 8.5 3.5 4.2 -- Fe ore/Sierra Leone
Mesabi Trust MSB -- US$20.25 -- -- -- -- -- -- -- -- -- -- -- Fe ore royalty/US
Moly Mines Ltd (CN) MOL -- AUD$0.13 385 $47 -- -- -- -- -- -- -- -- -- Fe ore, Mo/Australia
New Millenium Iron Corp (CN) NML 2.3 C$0.81 180 $141 (0.05) (0.03) (0.03) (0.06) -- -- -- -- -- Fe ore/Canada
Northland Resources SA (CN) NAU -- US$0.13 5 $1 (0.05) -- -- -- -- -- -- -- -- Fe ore/Sweden
Sundance Resources Ltd (AU) SDL 2.0 AUD$0.08 3072 $221 -- 0.00 0.00 -- -- -- -- -- -- Fe ore/Cameroon
Average                     24.4 11.5 6.0 6.7  
Note:  Currency shown is that used by the company for financial reporting.  Currency does not always reflect the country/market in which the company/stock symbol trades.  GAAP may differ between stocks due to countries and markets.
The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items.
Thomson Consensus Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)  Source: Thomson One Analytics, company reports.
Small-Cap Base Metals
Price Shrs O/S Mkt Cap Earnings Per Share      Price/Earnings  
  Symbol Rating 16-Aug-13 (MM) (US$MM) 2012 2013E 2014E 2015E 2016E 2013E 2014E 2015E 2016E Commodity/Country
Anglo Pacific Group PLC (UK) APF 2.0 GBP$2.00 110 $340 0.09 0.11 0.14 -- -- 18.9 14.0 -- -- Royalties
Augusta Resource Corp AZC 2.3 US$2.06 144 $297 (0.07) (0.03) (0.02) (0.10) 0.85 -- -- -- 2.4 Cu/US
Copper Mountain Mining (CN) CUM 2.2 C$1.64 99 $156 0.28 0.14 0.44 0.46 0.56 11.5 3.7 3.6 3.0 Cu, Au/Canada
CST Mining Group Ltd (HK) 985 3.0 US$0.01 27098 $287 -- -- 0.01 -- -- -- 1.5 -- -- Cu/Peru, Australia
Discovery Metals Ltd (AU) DML 3.8 US$0.13 487 $62 -- 0.05 0.10 0.14 0.13 2.5 1.3 0.9 1.0 Cu/Botswana
Duluth Metals Ltd (CN) DM 1.8 C$1.39 126 $169 (0.32) (0.28) (0.21) (0.21) (0.28) -- -- -- -- Cu, Ni/US
General Moly  GMO 3.5 US$1.83 92 $168 (0.13) (0.13) (0.17) (0.38) -- -- -- -- -- Mo/US  
Ivanhoe Australia Ltd (AU) IVA 3.0 AUD$0.17 728 $116 (0.19) (0.04) (0.01) (0.02) (0.02) -- -- -- -- Cu, Mo/Australia
Katanga Mining Ltd (CN) KAT 3.0 US$0.57 1907 $1,088 0.02 0.00 0.05 -- -- -- 10.4 -- -- Cu, Co/DR Congo
Kenmare Resources (UK) KMR 1.9 US$0.48 2531 $1,214 0.02 0.01 0.06 0.08 0.09 35.1 8.6 6.1 5.6 Ti sands/Mozambique
Lumina Copper Corp (CN) LCC 1.3 C$4.58 44 $193 (0.09) (0.03) (0.07) (0.03) 0.10 -- -- -- 44.7 Cu/Argentina
Metals X Ltd (AU) MLX 1.0 AUD$0.11 1652 $166 -- 0.01 0.01 -- -- 11.0 11.0 -- -- Sn, Ni/Australia
Mineral Deposits Ltd (AU) MDL 2.0 US$2.25 84 $188 0.32 0.12 0.27 0.83 0.89 18.1 8.3 2.7 2.5 Ti sands/Senegal
Mirabela Nickel Ltd (CN) MNB 2.7 US$0.09 877 $76 (0.09) (0.07) (0.04) 0.00 0.11 -- -- NM 0.8 Ni/Brazil
NGEx Resources Inc (CN) NGQ 1.8 C$1.89 169 $308 -- (0.21) -- -- -- -- -- -- -- Cu, Au/Chile, Canada
Nevsun Resources Ltd NSU 2.3 US$3.39 199 $674 0.72 0.18 0.73 0.62 0.39 19.3 4.6 5.4 8.6 Cu, Au, Zn/Eritrea
Northern Dynasty Minerals NAK 2.0 C$2.18 95 $200 -- (0.07) (0.07) (0.07) (0.07) -- -- -- -- Cu, Au/US
Orbite Aluminae Inc (CN) ORT 2.8 C$0.49 199 $94 (0.09) (0.05) (0.11) (0.03) 0.22 -- -- -- 2.2 bauxite/Canada
Perilya Ltd (AU) PEM 2.0 AUD$0.20 769 $140 0.04 0.01 0.06 0.07 -- 28.6 3.6 2.7 -- Cu, Zn, Pb/Australia, Domincan Rep
Sandfire Resources NL (AU) SFR 2.9 AUD$6.14 156 $871 -- 0.79 0.89 1.00 0.93 7.8 6.9 6.2 6.6 Cu, Au/Australia
Sierra Metals (CN) SMT 3.0 C$2.26 158 $345 (0.17) (0.17) (0.23) (0.12) 0.07 -- -- -- 32.3 Ag, Cu, Pb, Zn/Mexico, Peru
Sirius Resources NL (AU) SIR 1.9 AUD$2.80 227 $580 -- (0.06) (0.04) 0.14 0.45 -- -- 19.8 6.2 Ni, Cu/Australia
Talvivaara Mining Co (UK) TALV 3.3 EUR$0.11 1906 $269 (0.10) (0.05) (0.02) 0.00 -- -- -- 26.6 -- Ni/Finland
Turquoise Hill Resources TRQ 3.3 US$5.01 1006 $5,040 (0.51) (0.17) 0.03 (0.04) -- -- NM -- -- Cu, Au/Mongolia
Average                     17.0 6.7 8.2 9.7  
Note:  Currency shown is that used by the company for financial reporting.  Currency does not always reflect the country/market in which the company/stock symbol trades.  GAAP may differ between stocks due to countries and markets.
The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items.
Thomson Consensus Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)  Source: Thomson One Analytics, company reports.
Micro-Cap Base Metals
Price Shrs O/S Mkt Cap Earnings Per Share      Price/Earnings  
  Symbol Rating 16-Aug-13 (MM) (US$MM) 2012 2013E 2014E 2015E 2016E 2013E 2014E 2015E 2016E Commodity/Country
Aditya Birla Minerals Ltd (AU) ABY -- AUD$0.39 -- -- -- -- -- -- -- -- -- -- -- Cu/Australia
Altona Mining Ltd (AU) AOH 2.0 AUD$0.15 529 $72 -- 0.01 (0.01) 0.02 0.04 30.0 -- 8.6 3.6 Cu, Ni/Finland, Australia
Amerigo Resources Ltd (CN) ARG 1.0 US$0.43 172 $74 (0.05) (0.04) 0.03 0.01 0.01 -- 14.3 43.0 43.0 Cu/Chile
Argex Titanium (CN) RGX 1.7 C$0.96 122 $113 (0.05) (0.01) -- -- -- -- -- -- -- Ti/Canada
Aura Minerals Inc (CN) ORA 3.0 US$0.13 228 $29 (0.25) (0.21) (0.16) (0.10) -- -- -- -- -- Cu, Au/Brazil, Mexico
Avanti Mining (CN) AVT 2.0 C$0.05 434 $23 (0.01) 0.00 0.00 0.00 0.00 -- -- -- -- Mo/Canada
Candente Copper Corp (CN) DNT 3.3 US$0.23 122 $28 (0.03) (0.03) (0.08) 0.00 0.02 -- -- -- 11.4 Cu/Peru
China Mining Resources (HK) 340 -- HK$0.12 9139 $145 -- -- -- -- -- -- -- -- -- Mo/China
Curis Resources Ltd (CN) CUV 1.7 C$0.61 63 $37 -- -- -- -- 0.64 -- -- -- 0.9 Cu/US
Entrée Gold (CN) ETG 3.0 C$0.31 147 $45 (0.12) -- -- -- -- -- -- -- -- Cu, Au/Mongolia
Griffin Mining Ltd (UK) GFM 1.5 GBP$0.29 175 $79 0.05 0.06 0.08 11.33 -- 5.2 3.7 2.6 -- Zn/China
Hillgrove Resources Ltd (AU) HGO 2.0 AUD$0.08 1024 $71 -- 0.00 0.01 0.01 -- 25.3 12.7 10.4 -- Cu, Au/Australia, Indonesia
Ivernia IVW 1.0 US$0.13 756 $95 (0.01) (0.01) 0.04 0.05 0.05 -- 3.1 2.5 2.5 Pb/Australia
Kagara Ltd (AU) KZL -- AUD$0.12 799 $87 -- -- -- -- -- -- -- -- -- Zn/Australia
Largo Resources (CN) LGO 1.0 C$0.23 897 $200 -- 0.00 0.01 0.04 -- -- 23.0 5.8 -- V/Brazil
Marengo Mining Ltd (AU) MMC -- AUD$0.14 -- -- -- -- -- -- -- -- -- -- -- Cu, Mo/PNG
Mawson West Ltd  (CN) MWE 1.0 AUD$0.45 168 $76 (0.17) 0.26 0.38 0.37 0.05 1.8 1.2 1.2 9.1 Cu./DR Congo
Mercator Minerals Ltd (CN) ML 3.1 US$0.13 315 $40 0.00 (0.04) 0.02 0.04 0.06 -- 6.0 3.1 2.2 Cu, Mo/US, Mexico
Mincor Resources NL (AU) MCR 3.0 AUD$0.73 188 $124 -- -- 0.03 0.07 -- -- 26.4 10.4 -- Ni, Au/Australia
Nautilus Minerals (CN) NUS 2.3 US$0.45 437 $199 (0.13) (0.04) (0.05) (0.04) -- -- -- -- -- seafloor Cu, Pb, Zn, Au, Ag/PNG
Nevada Copper Corp (CN) NCU 1.7 C$1.92 81 $149 (0.08) (0.12) (0.15) -- -- -- -- -- -- Cu/US
Noront Resources Ltd (CN) NOT -- C$0.25 -- -- -- -- -- -- -- -- -- -- -- Ni/Canada
OM Holdings Ltd (AU) OMH -- AUD$0.35 -- -- -- -- -- -- -- -- -- -- -- Mn/Australia
Oracle Mining Corp (CN) OMN -- C$0.44 49 $21 (0.55) -- -- -- -- -- -- -- -- Cu/US
Panoramic Resources Ltd (AU) PAN 2.6 AUD$0.26 261 $62 -- (0.07) (0.01) 0.09 0.18 -- -- 3.0 1.5 Ni/Australia
PolyMet Mining Corp PLM 1.0 C$0.83 275 $221 -- -- (0.13) (0.15) (0.03) -- -- -- -- Cu, Ni/US
Prophecy Platinum Corp (CN) NKL 1.5 C$0.71 77 $53 -- -- (0.18) -- -- -- -- -- -- Ni, Cu, Pt, Pd/Canada
Redhawk Resources (CN) RDK -- C$0.28 147 $39 -- -- -- -- -- -- -- -- -- Cu/US
Rex Minerals Ltd (AU) RXM 3.0 AUD$0.58 189 $99 -- (0.01) (0.02) (0.03) 0.00 -- -- -- NM Cu/Australia
Royal Nickel (CN) RNC 2.2 C$0.38 94 $35 (0.10) (0.09) (0.09) (0.10) (0.04) -- -- -- -- Ni/Canada
Selwyn Resources (CN) SWN -- C$0.09 394 $32 -- -- -- -- -- -- -- -- -- Zn, Pb/Canada
Sunridge Gold Corp (CN) SGC 2.0 C$0.23 175 $40 -- (0.01) (0.01) 0.02 0.10 -- -- 10.1 2.5 Cu, Zn, Au/Eritrea
Tirex Resources Ltd TXX 1.0 C$0.32 76 $24 -- 0.07 -- -- -- 4.9 -- -- -- Cu, Zn, Au, Ag/Albania
Trevali Mining Corp (CN) TV 1.6 C$0.73 224 $158 (0.04) (0.05) 0.19 0.38 0.32 -- 3.8 1.9 2.3 Zn, Pb, Cu, Ag/Canada, Peru
Western Copper Corp WRN 2.0 C$0.62 94 $56 (0.04) -- -- -- -- -- -- -- -- Cu/Canada
Xinjiang Xinxin Mining (HK) 3833 3.0 CNY$0.96 759 $119 0.01 0.03 0.06 0.06 -- 35.7 16.3 16.3 -- Ni, Cu, Co/China
Zazu Metals Corp (CN) ZAZ 1.3 US$0.58 46 $26 (0.03) (0.03) (0.03) (0.09) (0.08) -- -- -- -- Zn,Pb, Ag/US
Average                     17.1 11.0 9.1 7.9  
Note:  Currency shown is that used by the company for financial reporting.  Currency does not always reflect the country/market in which the company/stock symbol trades.  GAAP may differ between stocks due to countries and markets.
The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items.
Thomson Consensus Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)  Source: Thomson One Analytics, company reports.
Small-Cap Gold Price Shrs O/S Mkt Cap Earnings Per Share      Price/Earnings  
Symbol Rating 16-Aug-13 (MM) (US$MM) 2012 2013E 2014E 2015E 2016E 2013E 2014E 2015E 2016E Commodity/Country
Archipelago Resources (UK) AR/ 1.0 US$0.71 582 $415 0.08 0.10 0.12 0.13 0.10 7.1 6.1 5.4 6.9 Au/Indonesia
Argonaut Gold Ltd (CN) AR 2.2 US$7.78 149 $1,159 0.68 0.26 0.31 0.52 0.70 29.5 25.3 14.9 11.2 Au/Mexico
Asanko Gold (CN) AKG 2.3 C$3.25 85 $267 -- (0.05) (0.01) 0.25 0.48 -- -- 13.0 6.8 Au/Ghana
Banro Corp BAA 2.8 US$0.94 252 $237 0.00 0.00 0.09 (0.09) -- -- 11.0 -- -- Au/DR Congo
Beadell Resources Ltd (AU) BDR 1.8 AUD$0.81 788 $582 (0.06) 0.14 0.17 0.12 0.10 5.7 4.9 6.9 8.3 Au/Brazil
Belo Sun Mining (CN) BSX 1.9 C$0.71 266 $183 (0.21) (0.11) (0.05) (0.05) 0.13 -- -- -- 5.3 Au/Brazil
Chesapeake Gold Corp (CN) CKG 1.5 C$4.52 44 $193 (0.21) (0.09) (0.20) (0.08) -- -- -- -- -- Au/Mexico
Colossus Minerals Ltd (CN) CSI 2.7 C$0.82 169 $134 (0.28) (0.11) 0.21 0.59 0.37 -- 3.9 1.4 2.2 Au/Brazil
Continental Gold Ltd (CN) CNL 1.7 US$4.44 127 $562 (0.07) (0.11) (0.13) (0.04) 0.41 -- -- -- 10.9 Au/Colombia
Detour Gold Corp (CN) DGC 1.9 US$10.99 138 $1,516 (0.34) (0.19) 0.73 1.30 1.82 -- 15.1 8.4 6.1 Au/Canada
DRDGold Ltd (ADR) DROOY 2.0 ZAR$5.82 385 $225 -- 0.61 0.43 -- -- 9.6 13.6 -- -- Au/South Africa
Dundee Precious Metals (CN) DPM 1.8 US$5.60 139 $777 0.65 0.31 0.58 0.61 0.57 18.1 9.6 9.2 9.8 Au/Bulgaria
Endeavour Mining Corp (CN) EDV 1.8 US$0.77 412 $319 (0.06) 0.01 (0.09) 0.02 0.10 NM -- 36.5 7.7 Au/Mali, Ghana, Burkina Faso
Evolution Mining Ltd (AU) EVN 2.8 AUD$0.90 708 $581 -- 0.08 0.08 0.05 0.07 11.0 11.6 16.8 12.5 Au/Australia
Focus Minerals Ltd (AU) FML 3.0 AUD$0.02 9137 $133 -- (0.01) (0.00) (0.00) -- -- -- -- -- Au/Australia
G-Resources Group Ltd (HK) 1051 1.9 US$0.04 18921 $744 -- 0.00 0.01 -- -- 11.7 7.7 -- -- Au/Indonesia
Gabriel Resources Ltd (CN) GBU 3.0 C$1.57 384 $583 (0.03) (0.03) (0.04) 0.03 0.45 -- -- 45.5 3.5 Au/Romania
Gold One International Ltd (AU) GDO 1.3 AUD$0.17 1422 $227 (0.03) 0.04 0.06 -- -- 4.5 3.1 -- -- Au/South Africa
Golden Star Resources GSS 3.9 US$0.74 259 $192 0.02 (0.19) (0.04) 0.10 0.41 -- -- 7.2 1.8 Au/Ghana
Gryphon  Minerals Ltd (AU) GRY 2.4 AUD$0.19 400 $71 -- (0.02) (0.03) 0.02 0.06 -- -- 11.2 3.3 Au/Burkina Faso
Guyana Goldfields Inc (CN) GUY 2.1 C$2.09 126 $255 (0.11) (0.08) (0.00) -- -- -- -- -- -- Au/Guyana
International Minerals Corp (CN) IMZ 3.0 US$2.21 118 $261 -- 0.18 0.30 -- -- 12.3 7.4 -- -- Au, Ag/Peru, Ecuador
International Tower Hill THM 4.0 C$0.77 98 $73 (0.62) (0.15) (0.06) 0.00 (0.01) -- -- -- -- Au/US
Kingsrose Mining Ltd (AU) KRM 3.0 AUD$0.41 336 $127 -- 0.03 0.05 0.07 0.07 14.3 7.8 6.4 5.6 Au/Indonesia
Luna Gold Corp (CN) LGC 1.8 US$1.55 105 $163 0.12 0.17 0.22 0.13 0.36 9.2 7.0 11.9 4.3 Au/Brazil
Lydian International (CN) LYD 2.3 GBP$0.01 130 $133 (0.00) (0.00) (0.00) (0.00) 0.10 -- -- -- 10.3 Au/Armenia
McEwen Mining Inc. UXG 1.5 US$2.52 261 $658 (0.25) (0.05) 0.02 0.14 -- -- NM 18.7 -- Au, Ag/Mexico, US
Northern Star Resources (AU) NST 2.6 AUD$0.94 424 $364 -- -- 0.07 0.07 -- -- 13.5 13.2 -- Au/Australia
Novagold Resources Inc NG 3.0 C$3.24 317 $992 (0.04) -- -- -- -- -- -- -- -- Au/Alaska, Canada
Oceanagold Corp (AU) OGC 2.3 US$1.87 294 $549 0.10 0.12 0.17 0.18 0.21 15.0 10.8 10.3 8.9 Au/Australia, NZ, Philippines
Premier Gold Mines Ltd (CN) PG 1.5 C$2.63 151 $385 (0.09) (0.08) (0.11) (0.04) -- -- -- -- -- Au/Canada
Pretium Resources (CN) PVG 2.2 C$9.25 102 $915 (0.17) (0.17) (0.19) (0.25) 0.44 -- -- -- 21.0 Au, Ag, Cu/Canada
Pan African Resources (UK) PAF 2.2 GBP$0.13 1823 $374 -- 2.08 0.03 4.60 -- 6.4 4.9 2.9 -- Au/Mozambique, South Africa
Paramount Gold & Silver Corp PZG 2.0 US$1.57 156 $244 -- (0.06) (0.06) -- -- -- -- -- -- Au, Ag, Zn, Pb/Mexico
Primero Mining Corp (CN) P 1.7 US$5.36 115 $619 0.45 0.28 0.32 0.58 1.22 18.9 16.7 9.2 4.4 Au/Mexico
Rainy River Resources Ltd (CN) RR 2.7 C$4.18 100 $406 (0.72) (0.28) (0.27) -- -- -- -- -- -- Au/Canada
Regis Resources Ltd (AU) RRL 2.7 AUD$3.95 477 $1,720 -- 0.30 0.35 0.39 0.44 13.0 11.4 10.0 9.0 Au/Australia
Resolute Mining Ltd (AU) RSG 3.1 AUD$0.91 641 $532 -- 0.14 0.09 0.11 0.10 6.5 9.9 8.2 9.4 Au/Tanzania, Australia
Romarco Minerals Inc (CN) R 2.3 C$0.56 585 $317 (0.02) (0.02) (0.01) (0.00) 0.03 -- -- -- 16.1 Au/US
Rubicon Minerals Corp RBY 2.0 C$1.80 289 $502 (0.04) (0.04) (0.04) 0.19 -- -- -- 9.5 -- Au/Canada
St Barbara Ltd (AU) SBM 2.6 AUD$0.67 488 $296 -- 0.05 0.06 0.04 -- 14.3 11.3 16.4 -- Au/Australia
Sandstorm Resources Ltd (CN) SSL 2.4 US$6.61 93 $618 0.20 0.10 0.23 0.21 0.23 65.8 28.4 32.2 28.7 Au production stream financing
Saracen Mineral Holdings (AU) SAR 2.4 AUD$0.22 595 $122 -- 0.04 0.05 0.07 0.09 5.8 4.6 3.3 2.5 Au/Australia
Seabridge Gold SA 2.0 US$14.32 46 $652 (0.29) (0.24) (0.26) (1.11) -- -- -- -- -- Au/Canada
Silver Lake Resources (AU) SLR 2.9 AUD$0.92 379 $318 -- 0.09 0.12 0.23 0.44 9.9 7.8 4.0 2.1 Au/Australia
Sulliden Gold Corp (CN) SUE 2.0 C$1.05 271 $275 -- (0.02) (0.02) 0.09 0.15 -- -- 11.7 6.9 Au/Peru
Teranga Gold Corp (CN) TGZ 2.5 US$0.62 246 $152 0.38 0.18 0.13 0.12 -- 3.4 4.6 5.2 -- Au/Senegal
Timmins Gold Corp (CN) TMM 2.1 US$2.09 144 $301 0.25 0.24 0.22 0.26 0.30 8.5 9.5 8.1 7.0 Au/Mexico
Torex Gold Resources (CN) TXG 2.1 C$1.61 607 $944 -- (0.10) (0.09) 0.02 0.08 -- -- NM 21.5 Au/Mexico
Virginia Mines Inc (CN) VGQ 2.0 C$10.97 33 $349 -- (0.17) (0.16) (0.15) -- -- -- -- -- Au/Canada
Average                     13.7 10.3 12.3 8.8  
Note:  Currency shown is that used by the company for financial reporting.  Currency does not always reflect the country/market in which the company/stock symbol trades.  GAAP may differ between stocks due to countries and markets.
The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items.
Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)  Source: Thomson One Analytics, company reports.
Micro-Cap Gold Price Shrs O/S Mkt Cap Earnings Per Share      Price/Earnings  
Symbol Rating 16-Aug-13 (MM) (US$MM) 2012 2013E 2014E 2015E 2016E 2013E 2014E 2015E 2016E Commodity/Country
Amara Mining PLC (UK) AMA 1.7 US$0.24 168 $41 0.03 (0.04) 0.00 0.01 -- -- 87.9 30.0 -- Au/Cote d'Ivoire, Burkina Faso
Ampella Mining Ltd (AU) AMX 2.6 AUD$0.15 248 $34 (0.16) (0.06) (0.07) (0.04) (0.01) -- -- -- -- Au/Burkina Faso
ATAC Resources Ltd (CN) ATC 2.0 C$1.36 113 $149 (0.07) (0.03) (0.04) (0.04) -- -- -- -- -- Au/Canada
Atacama Pacific Gold Corp (CN) ATM 1.6 C$1.13 51 $56 -- -- -- -- -- -- -- -- -- Au/Chile
Atna Resources (CN) ATN 3.7 US$0.17 146 $25 0.05 (0.00) 0.03 (0.01) 0.06 -- 5.1 -- 2.8 Au/US
Aureus Mining Inc (UK) AUE 1.8 US$0.62 221 $138 (0.04) (0.04) (0.04) 0.03 0.07 -- -- 23.6 8.9 Au/Liberia, Sierra Leone
Avocet Mining (UK) AVM 2.4 US$0.29 200 $59 0.04 (0.06) (0.12) (0.10) -- -- -- -- -- Au/Burkina Faso
Balmoral Resources Ltd (CN) BAR 2.0 C$0.64 85 $52 -- -- -- -- -- -- -- -- -- Au/Canada
Besra Gold (CN) BEZ 1.5 C$0.05 379 $18 -- (0.01) 0.01 -- -- -- 10.0 -- -- Au/Vietnam, Malaysia
Brazil Resources (CN) BRI -- C$0.83 41 $33 -- -- -- -- -- -- -- -- -- Au/Brazil
Brigus Gold Corp BRD 1.8 US$0.61 232 $141 0.10 0.08 0.08 0.04 0.04 8.0 7.5 15.2 17.4 Au/Canada
Carpathian Gold (CN) CPN 1.5 US$0.20 555 $113 (0.02) (0.00) 0.05 0.08 0.09 -- 4.0 2.7 2.3 Au/Brazil, Romania
Chalice Gold Mines Ltd (AU) CHN 2.0 AUD$0.17 251 $39 -- -- -- -- -- -- -- -- -- Au/Eritrea
Claude Resources CGR 3.3 C$0.29 176 $50 0.03 (0.04) (0.01) 0.10 0.12 -- -- 2.9 2.5 Au/Canada
Colt Resources (CN) GTP 1.5 C$0.31 153 $47 (0.08) (0.04) (0.04) -- -- -- -- -- -- Au, W/Portugal
Corvus Gold (CN) KOR 1.0 C$0.78 65 $49 -- (0.08) (0.03) (0.03) 0.12 -- -- -- 6.3 Au/US
Crocodile Gold Corp (CN) CRK -- C$0.12 406 $45 -- 0.12 0.19 -- -- 1.0 0.6 -- -- Au/Australia
Dalradian Resources (CN) DNA 1.5 C$0.61 90 $53 (0.08) (0.07) (0.04) (0.04) (0.06) -- -- -- -- Au/Northern Ireland
Doray Minerals (AU) DRM 1.3 AUD$0.69 142 $89 -- 0.09 0.19 0.14 0.09 7.8 3.7 4.8 8.1 Au/Australia
Dynasty Metals & Mining (CN) DMM -- C$0.79 -- -- -- -- -- -- -- -- -- -- -- Au/Ecuador  
Eastmain Resouces Inc (CN) ER 1.8 C$0.39 107 $40 0.01 (0.01) (0.01) -- -- -- -- -- -- Au/Canada
Eco Oro Minerals Corp (CN) EOM 3.0 C$0.60 84 $49 (0.42) -- (0.01) 0.24 -- -- -- 2.5 -- Au/Colombia
Esperanza Resources (CN) EPZ 1.8 C$0.92 79 $70 (0.27) (0.08) (0.08) 0.33 0.66 -- -- 2.8 1.4 Au/Mexico
Exeter Resource Corp XRA 3.0 C$1.04 88 $89 (0.29) (0.14) (0.09) (0.03) (0.03) -- -- -- -- Au/Chile
Gold Canyon Resources (CN) GCU 2.3 C$0.32 144 $45 (0.11) (0.06) (0.07) (0.06) -- -- -- -- -- Au/Canada
Gold Standard Ventures (CN) GSV 2.0 C$0.66 90 $57 (0.07) (0.03) (0.02) (0.02) -- -- -- -- -- Au/US
Goldrock Mines Corp (CN) GRM 2.7 C$0.51 65 $32 -- (0.03) -- -- -- -- -- -- -- Au/Argentina
Gran Colombia Gold Corp (CN) GCM 2.0 C$1.68 15 $25 (2.00) (1.62) 0.31 2.13 -- -- 5.4 0.8 -- Au/Colombia
Intrepid Mines Ltd (AU) IAU 3.8 US$0.26 556 $142 (0.08) (0.01) (0.02) (0.01) (0.01) -- -- -- -- Au/Australia
Jaguar Mining Inc (CN) JAG 4.5 US$0.28 86 $24 (0.69) (0.50) (0.38) -- -- -- -- -- -- Au/Brazil
Kaminak Gold Corp (CN) KAM 2.5 C$0.96 83 $77 (0.06) (0.05) -- -- -- -- -- -- -- Au/Canada
Klondex Mines Ltd (CN) KDX 1.8 C$1.65 64 $103 -- 0.01 0.26 0.44 0.46 NM 6.5 3.8 3.6 Au/US
Lingbao Gold Co Ltd (HK) 3330 4.0 CNY$1.52 297 $74 0.21 (0.22) 0.14 0.05 -- -- 11.1 32.4 -- Au/China
Midway Gold Corp MDW 2.0 C$1.20 130 $150 (0.13) (0.11) (0.13) (0.01) 0.10 -- -- -- 11.6 Au/US
Minera IRL Ltd (UK) MIRL 1.2 US$0.22 174 $37 0.02 (0.03) 0.02 0.08 -- -- 11.3 2.7 -- Au/Peru, Argentina
Orca Gold (CN) ORG 1.0 C$0.45 107 $47 -- -- -- -- -- -- -- -- -- Au/Sudan
Orezone Gold Corp (CN) ORE 2.3 C$0.45 86 $39 (0.36) (0.16) (0.08) 0.03 0.55 -- -- 15.2 0.8 Au/Bukina Faso
Oromin Explorations Ltd (CN) OLE 1.0 C$0.35 137 $47 -- -- -- -- -- -- -- -- -- Au/Senegal
Orvana Minerals Corp (CN) ORV 1.0 US$0.46 137 $63 0.18 0.20 0.16 0.24 -- 2.3 2.9 1.9 -- Au, Cu/Spain, Bolivia, US
Petaquilla Minerals Ltd (CN) PTQ 2.0 C$0.35 222 $76 -- -- -- -- -- -- -- -- -- Au, Cu/Panama, Spain
Probe Mines Ltd (CN) PRB 1.6 C$1.95 76 $143 -- (0.05) (0.06) 0.21 0.47 -- -- 9.3 4.1 Au/Canada
Richmont Mines (CN) RIC 2.5 C$1.80 40 $69 (0.04) (0.04) 0.22 0.34 -- -- 8.2 5.3 -- Au/Canada
Rye Patch Gold Corp (CN) RPM 1.0 C$0.21 146 $30 (0.07) (0.03) (0.01) (0.03) (0.01) -- -- -- -- Au, Ag/US
St Andrew Goldfields Ltd (CN) SAS 1.8 C$0.34 368 $121 0.05 0.06 0.07 0.02 -- 5.4 4.6 17.0 -- Au/Canada
San Gold Corp (CN) SGR 4.2 C$0.14 338 $46 (0.04) (0.08) (0.07) (0.08) -- -- -- -- -- Au/Canada
Sandspring Resources Ltd (CN) SSP 1.0 C$0.29 132 $38 -- -- -- -- -- -- -- -- -- Au/Guyana
Sunward Resources Ltd (CN) SWD 2.0 C$0.37 142 $50 -- -- -- -- -- -- -- -- -- Au/Colombia
Treasury Metals (CN) TML 2.0 C$0.47 65 $30 -- (0.02) (0.01) (0.01) 0.38 -- -- -- 1.2 Au/Canada
Troy Resources (AU) TRY 2.5 AUD$0.40 102 $39 (0.43) 0.03 0.08 -- -- 13.2 4.9 -- -- Au/Australia
True Gold Mining (CN) TGM 2.0 C$0.32 264 $82 -- (0.03) (0.03) (0.02) -- -- -- -- -- Au/Burkina Faso
Victoria Gold Corp (CN) VIT 2.4 C$0.14 340 $48 -- 0.01 0.03 0.08 -- 13.6 4.7 1.9 -- Au/Canada, US
Vista Gold Corp VGZ 3.0 US$1.06 82 $87 (0.85) (0.32) (0.03) (0.16) -- -- -- -- -- Au/Australia, Mexico, US
Volta Resources (CN) VTR 2.5 C$0.18 155 $27 (0.05) (0.05) (0.27) 0.04 -- -- -- 4.5 -- Au/Burkina Faso, Ghana
Wesdome Gold Mines Ltd (CN) WDO 2.5 C$0.40 102 $39 (0.43) 0.03 0.08 -- -- 13.2 4.9 -- -- Au/Canada
Witwatersrand Gold (SA) WGR 1.0 ZAR$9.50 34 $33 (0.53) (0.77) (0.48) (0.27) -- -- -- -- -- Au/South Africa
Average                     8.0 10.8 9.4 5.5  
Note:  Currency shown is that used by the company for financial reporting.  Currency does not always reflect the country/market in which the company/stock symbol trades.  GAAP may differ between stocks due to countries and markets.
The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items.
Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)  Source: Thomson One Analytics, company reports.
Silver Price Shrs O/S Mkt Cap Earnings Per Share      Price/Earnings  
Symbol Rating 16-Aug-13 (MM) (US$MM) 2012 2013E 2014E 2015E 2016E 2013E 2014E 2015E 2016E Commodity/Country
Arian Silver Corp (UK) AGQ -- GBP$0.08 328 $39 (0.01) (0.00) 1.93 -- -- -- 3.9 -- -- Ag/Mexico
Aurcana Corp (CN) AUN 3.7 C$2.97 58 $173 0.02 (0.06) 0.11 0.47 0.67 -- 26.9 6.4 4.4 Ag/Mexico, US
Bear Creek Mining Corp (CN) BCM 2.4 US$2.41 92 $222 (0.27) (0.24) (0.29) (0.03) -- -- -- -- -- Ag/Peru
Excellon Resources (CN) EXN -- C$1.91 55 $102 -- -- -- -- -- -- -- -- -- Ag, Pb, Zn/Mexico
Golden Minerals Co AUMN 3.5 US$1.60 43 $69 (0.89) (0.52) (0.41) 0.52 -- -- -- 3.1 -- Ag/Argentina, Mexico
Mag Silver Corp MVG 1.5 C$7.60 60 $442 (0.14) (0.18) (0.19) (0.21) -- -- -- -- -- Ag/Mexico
Minco Silver Corp (CN) MSV 3.5 C$0.93 59 $53 (0.08) (0.09) (0.09) 0.29 1.20 -- -- 3.2 0.8 Ag/China
Revett Minerals (CN) RVM 2.7 US$0.90 35 $31 0.18 (0.15) 0.15 0.11 0.15 -- 5.8 8.2 6.0 Ag, Cu/US
Sabina Gold & Silver Corp (CN) SBB 2.4 C$1.30 188 $237 (0.06) (0.03) (0.03) (0.10) (0.11) -- -- -- -- Ag, Zn/Canada
SantaCruz Silver Mining Ltd (CN) SCZ 1.5 US$1.40 90 $126 (0.33) (0.00) 0.13 0.26 0.38 -- 10.8 5.4 3.7 Ag/Mexico
Scorpio Mining Corp (CN) SPM 1.3 C$0.43 199 $82 0.04 0.01 0.02 -- -- 31.6 17.4 -- -- Ag, Zn/Mexico
Silver Bull Resources SVBL 2.0 US$0.34 159 $54 -- -- -- -- -- -- -- -- -- Ag, Zn/Mexico
South American Silver Corp (CN) SAC -- US$0.35 -- -- (0.09) -- -- -- -- -- -- -- -- Ag/Bolivia
US Silver & Gold (CN) USA 3.0 C$0.79 60 $46 0.08 (0.05) (0.05) -- -- -- -- -- -- Ag/US
Wildcat Silver Corp (CN) WS 2.0 C$0.60 143 $83 -- -- -- -- -- -- -- -- -- Ag/US
Average                     31.6 13.0 5.2 3.7  
Platinum Group Metals                            
Atlatsa Resources Corp ATL 2.7 C$0.36 202 $70 (0.04) (0.03) 0.01 0.04 -- -- 36.0 9.0 -- Pt/South Africa
Eastern Platinum Ltd (CN) ELR 2.9 US$0.08 928 $72 (0.02) (0.01) (0.00) 0.02 -- -- -- 4.5 -- Pt/South Africa
Ivanplats Ltd (CN) IVP 2.3 US$1.51 515 $777 (0.38) (0.25) (0.18) (0.16) (0.10) -- -- -- -- Pt, Cu, Zn/South Africa, DR Congo
Jubilee Platinum PLC (UK) JLP -- GBP$0.06 356 $31 -- (1.08) -- -- -- -- -- -- -- Pt/South Africa
Platinum Group Metals Ltd PLG 1.9 C$1.08 403 $421 (0.04) (0.03) 0.01 0.14 0.13 -- NM 7.9 8.2 Pt/South Africa
Wesizwe Platinum Ltd (SA) WEZ 4.0 ZAR$0.60 1628 $98 0.70 (0.02) (0.05) (0.01) -- -- -- -- -- Pt/South Africa
Average                       36.0 7.1 8.2  
Specialty Metals
                             
Alkane Resources Ltd (AU) ALK 3.5 AUD$0.37 373 $124 0.19 0.01 0.03 (0.01) 0.07 66.4 12.2 -- 4.9 Zr, Nb, REE/Australia
Arafura Resources Ltd (AU) ARU 2.0 AUD$0.09 441 $38 -- 0.00 0.00 -- -- 37.6 26.9 -- -- REE/Australia
Avalon Rare Metals (CN) AVL 2.2 C$0.91 104 $91 (0.10) (0.11) (0.13) -- -- -- -- -- -- REE/Canada
Canada Lithium (CN) CLQ 1.3 C$0.49 364 $171 (0.02) (0.02) 0.07 0.08 0.04 -- 7.1 6.4 11.7 Li/Canada
China Rare Earth Holdings (HK) 769 -- HK$1.33 1673 $287 -- -- -- -- -- -- -- -- -- REE/China
Focus Graphite (CN) FMS 2.0 C$0.50 106 $51 -- -- -- -- -- -- -- -- -- graphite/Canada
Frontier Rare Earths Ltd (CN) FRO 2.0 US$0.36 90 $32 -- -- -- -- -- -- -- -- -- REE/South Africa
Great Western Minerals(CN) GWG 2.0 C$0.13 419 $53 -- -- -- -- -- -- -- -- -- REE/South Africa
Lynas Corp Ltd (AU) LYC 2.4 AUD$0.40 1961 $715 -- (0.04) 0.00 (0.01) 0.06 -- NM -- 6.5 REE/Australia, Malaysia
Molycorp MCP 2.6 US$6.17 189 $1,163 (0.37) (0.86) (0.07) 0.41 1.05 -- -- 15.0 5.9 REE/US
Nemaska Lithium (CN) NMX 1.5 C$0.13 116 $15 -- (0.10) -- -- -- -- -- -- -- Li-Canada
Peak Resources Ltd (AU) PEK 1.0 AUD$0.12 276 $30 -- -- -- -- -- -- -- -- -- REE/Tanzania
Sirocco Mining (CN) SIM 2.0 C$0.50 250 $120 0.03 0.04 0.06 0.04 -- 13.7 8.0 12.0 -- I-Chile
Tasman Metals Ltd TAS 2.0 C$0.84 61 $49 -- -- -- -- -- -- -- -- -- REE/Sweden
Average                     39.2 13.5 11.1 7.3  
Note:  Currency shown is that used by the company for financial reporting.  Currency does not always reflect the country/market in which the company/stock symbol trades.  GAAP may differ between stocks due to countries and markets.
The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items.
Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)  Source: Thomson One Analytics, company reports.
Uranium Price Shrs O/S Mkt Cap Earnings Per Share      Price/Earnings  
Symbol Rating 16-Aug-13 (MM) (US$MM) 2012 2013E 2014E 2015E 2016E 2013E 2014E 2015E 2016E Commodity/Country
Alpha Minerals (CN) AMW 1.8 AUD$7.20 23 $163 -- -- -- -- -- -- -- -- -- U/Canada
Bannerman Resources Ltd (CN) BAN 3.0 AUD$0.06 312 $18 -- (0.01) 0.00 0.00 -- -- NM 63.6 -- U/Namibia
Berkeley Resources Ltd (AU) BKY 1.5 AUD$0.28 179 $46 -- (0.03) 0.02 0.04 0.09 -- 14.0 7.7 3.0 U/Spain
Energy Fuels (CN) EFR 1.8 C$0.19 755 $142 -- (0.01) 0.02 0.07 0.09 -- 10.2 2.8 2.1 U/US
Fission Energy Corp (CN) FCU 1.7 C$1.42 150 $207 -- (0.03) -- -- -- -- -- -- -- U/Canada
Forsys Metals Corp (CN) FSY -- C$0.48 -- -- -- -- -- -- -- -- -- -- -- U/Namibia
Kivalliq Energy Corp (CN) KIV 2.0 C$0.25 189 $47 -- (0.04) (0.02) -- -- -- -- -- -- U/Canada
Laramide Resources Ltd (CN) LAM 1.0 C$0.57 73 $40 (0.04) -- -- -- -- -- -- -- -- U/Australia
Rockgate Capital (CN) RGT 1.0 C$0.16 117 $18 -- -- -- -- -- -- -- -- -- U, Ag/Mali
Strathmore Minerals Corp (CN) STM -- C$0.26 -- -- -- -- -- -- -- -- -- -- -- U/US
Toro Energy Ltd (AU) TOE 2.0 AUD$0.09 1042 $85 -- (0.01) (0.01) (0.00) 0.01 -- -- -- 9.9 U/Australia
U3O8 Corp (CN) UWE 1.0 C$0.12 161 $19 -- -- -- -- -- -- -- -- -- U/Argentina, Colombia, Guyana
UEX Corp (CN) UEX 2.0 C$0.55 228 $121 (0.02) (0.01) (0.01) 0.05 -- -- -- 11.0 -- U/Canada
Ur-Energy Inc  URG 1.5 C$1.11 122 $131 (0.11) (0.09) 0.07 0.17 0.12 -- 15.3 6.4 9.3 U/US
Uranerz Energy Corp URZ 1.5 US$1.32 77 $102 (0.19) (0.15) 0.10 0.22 0.31 -- 13.2 6.0 4.3 U/US
Uranium Energy Corp  UEC 2.0 US$2.44 86 $209 -- (0.14) 0.19 -- -- -- 12.8 -- -- U/US
Average                       13.1 16.2 5.7  
Coal                              
Beacon Hill Resources PLC (UK) BHR 1.0 GBP$0.02 1579 $53 (1.46) (0.01) 0.00 0.01 1.09 -- 9.3 2.2 2.0 coal/Mozambique
CIC Energy Corp (CN) ELC -- C$1.99 -- -- -- -- -- -- -- -- -- -- -- coal/Botswana
Coalspur Mines Ltd (CN) CPT 2.2 C$0.28 641 $174 (0.03) (0.01) 0.00 -- -- -- -- -- -- coal/Canada
Cokal Ltd (AU) CKA 1.0 AUD$0.19 427 $74 -- (0.02) 0.03 0.05 0.11 -- 6.5 3.6 1.8 coal/Indonesia, Tanzania
Corsa Coal Corp (CN) CSO 3.0 C$0.12 667 $77 (0.10) (0.02) 0.01 0.04 -- -- 22.6 2.9 -- coal/US
Fortune Minerals (CN) FT 2.0 C$0.38 136 $50 -- -- -- -- -- -- -- -- -- anthracite, Au, Bi, Co/Canada
Ncondezi Coal Co Ltd (UK) NCCL -- GBP$0.14 121 $26 (4.48) (5.28) (3.88) -- -- -- -- -- -- coal/Mozambique
Pacific Coal Resources Ltd (CN) PAK -- C$0.44 -- -- -- -- -- -- -- -- -- -- -- coal/Colombia
Prophecy Coal Corp (CN) PCY 5.0 C$0.12 243 $28 (0.04) (0.07) (0.04) (0.03) 0.01 -- -- -- 12.0 coal/Mongolia
Tigers Realm Coal (AU) TIG 1.5 AUD$0.19 382 $64 (0.02) (0.03) (0.01) (0.01) 0.03 -- -- -- 6.3 coal/Russia
Average                       12.8 2.9 5.5  
Fertilizers                              
Allana Potash Corp (CN) AAA 1.6 C$0.47 277 $125 -- (0.07) -- -- -- -- -- -- -- potash/Ethiopia
China Green Agriculture  CGA -- US$3.35 -- -- -- -- -- -- -- -- -- -- -- humic acid/China
Encanto Potash Corp (CN) EPO 2.0 C$0.17 286 $46 (0.01) -- -- -- -- -- -- -- -- potash/Canada
EPM Mining Ventures (CN) EPK 2.0 C$0.33 97 $31 (0.02) 0.00 (0.02) (0.04) (0.06) -- -- -- -- potash/US
Hanfeng Evergreen Inc (CN) HF 4.5 C$1.70 60 $99 0.20 0.15 -- -- -- 11.7 -- -- -- fertilizers/China
IC Potash Corp (CN) ICP 2.3 C$0.29 153 $44 (0.07) -- (0.11) (0.15) 0.41 -- -- -- 0.7 potash/US
Magindustries Corp (CN) MAA -- US$0.24 -- -- -- -- -- -- -- -- -- -- -- potash/Republic of Congo
MBAC Fertilizer Corp (CN) MBC 1.6 C$2.10 152 $309 (0.25) (0.17) 0.12 0.24 -- -- 17.3 8.9 -- phosphate, potash/Brazil
Migao Corp (CN) MGO 4.3 C$1.21 52 $61 -- (0.20) 0.03 -- -- -- 35.2 -- -- potash/China
Passport Potash (CN) PPI -- C$0.12 184 $21 -- -- -- -- -- -- -- -- -- potash/US
Sirius Minerals PLC (UK) SXX 2.3 GBP$0.15 1350 $314 -- -- (0.02) -- -- -- -- -- -- potash/UK
Stonegate Agricom Ltd (CN) ST 1.7 C$0.25 194 $46 (0.04) (0.02) (0.02) (0.04) 0.07 -- -- -- 3.5 phosphate/Peru, US
Verde Potash (CN) NPK 3.2 C$0.53 38 $19 (0.19) (0.05) (0.42) 1.23 -- -- -- 0.4 -- phosphate/Brazil
Western Potash Corp (CN) WPX 3.2 C$0.46 226 $101 (0.13) (0.07) (0.04) (0.04) 0.01 -- -- -- 46.0 potash/Canada
Average                     11.7 26.3 4.7 16.7  
Note:  Currency shown is that used by the company for financial reporting.  Currency does not always reflect the country/market in which the company/stock symbol trades.  GAAP may differ between stocks due to countries and markets.
The tables are compiled from the Thomson One Analytics database of consensus Ratings & Estimates of equity analysts. The historicals and estimates of earnings and cash flows exclude non-operating, special items.
Thomson One Analytics Rating System: Buy (1.0), Buy/Hold (2.0), Hold (3.0), Sell/Hold (4.0), Sell (5.0)  Source: Thomson One Analytics, company reports.
Recent and Forecast Commodity Prices
Cash Price (16-Aug-13) 2010 2011 2012 2013E 2014E 2015E 2016E
Aluminum ($0.85 / lb) $0.99 $1.09 $0.92 $0.89 $0.94 $0.99 $1.02
Copper ($3.33 / lb) $3.43 $4.00 $3.61 $3.42 $3.39 $3.30 $3.24
Lead ($1.01 / lb) $0.97 $1.09 $0.94 $0.97 $0.99 $1.02 $1.01
Nickel ($6.66 / lb) $9.91 $10.38 $7.95 $7.37 $7.71 $8.30 $8.47
Zinc ($0.88 / lb) $0.98 $1.00 $0.88 $0.90 $0.96 $1.02 $1.06
Gold ($1377 / oz) $1,226 $1,571 $1,668 $1,470 $1,444 $1,450 $1,467
Palladium ($762 / oz) $528 $733 $643 $731 $785 $817 $765
Platinum ($1523 / oz) $1,611 $1,719 $1,549 $1,604 $1,668 $1,727 $1,681
Silver ($23.26 / oz) $20.24 $35.29 $31.13 $26.05 $25.09 $25.62 $26.96
Uranium ($35.75 / lb) $45.97 $56.32 $48.97 $46.76 $58.20 $65.53 $69.25
Base metal prices are LME cash prices quoted in US$ per lb.  Precious metal prices are London spot prices quoted in US$ per oz.   
Sources: Thomson One Analytics, LME, Kitco.

Bill Matlack is associated with Scarsdale Equities LLC, a registered broker/dealer and member FINRA, SIPC.

William Matlack
Scarsdale Equities LLC
10 Rockefeller Plaza - Suite 720
New York, NY 10020
(646) 775-4829
wmatlack@scarsdale-equities.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.