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Monday 1 November 2010

Stock: Almaden Minerals Ltd

TSE:AMM
www.almadenminerals.com


Projects
Almaden has many projects which can be best viewed at http://www.almadenminerals.com/projects.html


Almaden Minerals works from a  project generator perspective with a large land package.

A strong following by the greats of the feild, Bob Hoye and Mickey Flup to name a few although im not sure of there current holdings
Insiders, family, and friends control 11% of the company.

The company Founder and Chairman Duane Poliquin is geological engineer by trade and has been around Vancouver for many years with a 40 year experience in mine explorations and development.
Morgan Poliquin (Ph.D. geologist and engineer) - CEO 
Mark Brown - CFO
Mark Blythe (Engineer) - Vice President of Mining.
Dr. Barry Smee (Consulting Geochemist) - Director.


Almaden has over 40 properties in Canada, Mexico, and Nevada. It owns 100% of 20 properties, 5 are optioned to other juniors who can earn upto to 60% joint ventures. four projects are joint ventures where a partner has earned in and Almaden must contribute a sum or dilute to a 2% royalty. Almaden has 2% (NSR) royalties on another 11 properties and 8 with sister company Tarsis Metals (28% interest).


I has had a bit of a run latley and I would not like to buy here (mabee even sell some of my core position - no I did not say that). Perhaps too many newsletter writers have found this undervalued gem or as Bob Hoye says a 'blue chip junior' and I need to go away for a while. As we know these stocks are news driven, wheather the news comes from the company or newsletter writers, its gonna affect the price.

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