Niogold

Malcolm Bucholtz B.Sc, MBA Analyst

Trading Note

The Golden Highway

The financial markets in Canada are filled with companies hot in pursuit of Gold. So much so in fact, investors can quickly lose sight of just where to focus their efforts. At The Market Traders there is one area in Canada that we feel investors should direct their attention to and that is the Abitibi Greenstone Belt which trends in an east-west direction and is intersected by the Ontario-Quebec provincial border. This geological formation is truly prolific thanks in large measure to a geological fault zone running through the area called the Larder Lake-Cadillac Break. Just for fun sometime, approach a person familiar with Gold in Canada and mention the Larder Lake-Cadillac Break. Watch the smile that crosses that person's face and you will know what I am talking about. In fact it could well be argued that the Abitibi Greenstone Belt is almost like a Golden Highway. The map on the following page (taken from www.niogold.com) shows the orientation of this belt and the documented historical production that has come out of the area.

One of the companies that we have been following for some time now is Niogold. I first met company President Michael Iverson in San Francisco back in November 2007 at a lunch event (hosted by well known financial market commentator Al Korelin) at Tommy Toy's Chinese Restaurant. I was impressed with the energy exuded by Michael Iverson and his Vice President Rock LeFrancois and I have been keeping an eye on Niogold ever since. Read more »