I have a number of stocks at the moment:
1. Union Resources (UCL.ASX) - This both has short term and long term potential. I see a financial deal here which will see the phosphate project floated off into a new AIM listing given the world-class standing of this project. This would take the development off balance sheet. I see Union searching for another project whilst it waits for some developments in Iran....even if that requires regime change.
2. Marengo Mining (MGO.ASX) - This company is developing a major copper-Molybdenum project in PNG with some gold. This project is huge in scope; it has an appealing overburden ratio, only improved by the recent discovery of high grade ore. This is a longer term project, but its market entry will be well-timed. This company is currently capitalised at $153mil; with scalar potential to a large earnings stream.
3. Millenium Minerals (MOY.ASX) - This company has just commenced gold production; and recently had a $8mil issue in order to fund working capital and exploration. This company offers short-medium term upside from drilling results, earnings re-rating and a higher gold price.
4. Gippsland Minerals (GIP.ASX) - This company has an advanced tin-tantalum project, bank syndicate, immense upside given the appeal of smartphones and the like. Egypt as a project host is settling down, so I think we can expect some upside here.
All of these companies are well set to move forward. I also have some Globe Minerals (GBE.ASX), which is a longer-term proposition. Not concerned because it sits on a wad of cash ($25mil), has a world-class niobium project, underwritten by the Chinese, who are seeking an alternative to the Argentinian company which controls about 80% of global supply. I think Gippsland and Union Resources are listed in Frankfurt; Marengo is listed in Canada.
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