Well here is an outside-the-box pick for you guys/gals that like to speculate on real roughies. MUN! Yes the one and only mundo rock. Going really cheap (for very good reasons) with a market cap of $26m.
If it ever gets approval to build its road to its new deposits in Brazil it will probably do a runner north of 25 cents and be producing at around 40k ounces initially.
It still has its project in Peru which has to work up a JORC reserve before getting into production. Grades there have been impressive at over 10grams/tonne.
Currently MUN is mining at around 20k ounces per annum and not covering all its costs due to falling grades at the current Brazilian operations.
When to invest? Perhaps only after the government gives its approvals, which was supposed have happened by now.
Need to be mindful that further shareholder dilution could happen as they will need about $40m to develop a mine in Peru.
MUN has been very disappointing over the years so at best it is just a spec buy and should not form a major part of ones portfolio. They have a new CEO, some new senior managers and investors from the US.
