Live From Toronto - The Biggest Mining Conference in the World (EXK)

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This week Toronto, Ontario is hosting the biggest gold and silver miner's conference in the world. It is the Prospectors and Developers Association of Canada (PDAC) International Convention, and mining companies from around the world have all descended on Toronto to tell their company's story.

I've sent Tyler Laundon, the lead research analyst at Small Cap Investor Pro up to Toronto, along with Kevin McElroy, editor of Wyatt Investment Research's daily e-letter, Resource Prospector .

Together, these guys will be hunting down the very best miners of gold, silver, uranium, copper, lead, zinc, iron, coal, potash, rare earth and every other conceivable metal or mineral that can be pulled out of the ground. It's is a major event, and their insights will be valuable for anybody with an interest investing in small resource companies.

Kevin wrote in to say:

"There are more than 20,000 mining experts, analysts and investors from every reach of the globe here. In past months, Tyler and Ian have unearthed some of the best performing gold and silver stocks in the Small Cap Investor Pro research service, and we'll be looking to find more companies with the same amazing potential.

We've been talking about a company that Tyler and Ian uncovered in June 2010 - a small silver miner in one of the best mining regions in the world, the Sierra Madre mountains of Central Mexico. The company is Endeavor Silver ( EXK ) .

Since Tyler and Ian's write up, the company has more than doubled from $3.45 to $9.34. That's a 170% gain as of this writing...Right now the chart looks like a straight line upwards.

Editor's note: You can get a copy of the report "Sierra Madre Silver", which features Endeavour, as well as two other silver mining companies, by clicking here now .

So we'll be on the lookout for some of the better small cap resource companies in the market today, and I'll be printing some of my findings this week.

Tyler got here before I did to scout out the terrain and to see some of the early headline speakers. Yesterday, he met privately with a small gold company and listened to their pitch about their gold prospects in Nevada.

It should be a very valuable week for Tyler, you and me. I urge you to keep a sharp eye out for my emails this week. It might be the most profitable week ever for Resource Prospector readers."

This morning Tyler wrote in with some broad perspective on what he sees going on at the conference:

"Absolutely this year, the focus is on gold and silver, but there are also a lot of rare earth and uranium mining companies. I'll talk about those guys later. Nobody expects the prices of precious metals to significantly pull-back. They're not all perma bulls either however - after impressive runs higher few CEO's are saying it's a one way trip higher for silver and gold. Most are guiding for steadily increasing prices, with normal pullbacks in the range of 20 percent. I have heard a number state they expect silver to move more than gold, both to the upside and the downside. I'm not surprised by that - it's what we've come to expect from silver.

Importantly, during several presentations I've noticed Presidents and CEOs point out that they are 'un-hedged'. This means they have not locked in their forward gold and silver sales at current prices. This is a bullish sign for higher prices."

I'm looking forward to more insights from these guys in the coming days at the PDAC. I know they're busy jumping from presentations to technical sessions, and trying to squeeze in some time for due diligence on the most interesting companies in between. I'll continue to feed their insights along to you in the coming days.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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