Top 10 Advanced Precious Metals Exploration Companies

In spite of the major correction in precious metals equities that has transpired over the past few months, most exploration companies we follow are still far too overvalued. This is especially true for companies that have made and defined significant discoveries since 2008.


The surge in investment capital from speculators has allowed such explorers to move their big discoveries through the development stage at lightning speeds. With production plans in place, these explorers seem increasingly attractive to mining companies looking to expand through the acquisition of advanced precious metals projects. Unfortunately, there are few good deals out there.


For example, Vancouver-based junior gold producer, Aurizon Mines' (AZK) CEO, David Hall blamed high valuations earlier this spring for his company's inability to acquire any undervalued gold projects specifically on track to produce, within the next 3 years, at least 100,000 oz. annually. The chairman of the world's second largest gold producer, Barrick Gold (ABX) agreed that precious metals exploration company valuations have become so high that acquisitions have been hard to justify to boards and shareholders.


Our Top 10 Advanced Precious Metals Exploration Companies not only boast control of large, prolific, near-production projects in mining-friendly regions, they're also well financed and free from long-term debt -- and of course undervalued compared to their peers. Now that these companies appear to be extremely oversold, it may be a good time to look into our top picks.

RBY shares, like most equities, bottomed last summer, providing investors great
returns by the end of 2010

You may recall that last year, late June through early August provided an excellent opportunity to invest. This year appears to be no different, suggesting that a positive reversal could be imminent and, as usual, the most undervalued companies will provide us the best returns.


See Full List of Top 10 Advanced Explorers