John Lee's Stock Chart of the Week


Apogee Minerals Ltd.. [TSX-V: APE]
Recent Price: $0.105
Shares Outstanding: 110.4 million
Market Capitalization: $11.6 million
52 Week Range: $0.04 – $0.17
Data Collected on: Thursday February 18, 2010

Going APE One Last Time

Apogee was featured as SCOW (StockChart of the Week) last September at 7 cents. Stock enjoyed an immediate run, reaching 17cents before settling back to current 11 cents.

I have a love and hate relationship with Apogee, as I was one of the original investors at 30cents way back in 2004 when they optioned the high grade Pulacayo silver deposit in Boliva. I have been to the country, which is one of the safest and orderly in South America. There are several majors operating in the country, including Newmont, Pan American, Jindal Steel, Sumimoto.

Apogee itself has undergone management changes, with Chris Collins now full time on board. The company recently acquired 100% interest from of Pulacayo (up from 60%) from the vendor.

The drill is finally turning to test extension; the core is in the lab with results out very soon. Chris is dedicated and is at Pulacayo. I expect new drill results to repeat what had come in the past which had featured 100g/t to 1,000g/t Ag over 10 to 80meters. Pulacayo already has 50 million oz of silver, and over 150m oz silver equivalent if you count zinc and lead by credit. Fundamentally it is extremely undervalued.

Technically, the stock has tested its investors' patience for the last 4 years from $1.5 to 3 cents (yes, 3 cents!). Finally the stock is gathering momentum and ready to break out of its 4 year downtrend. My first target is 20cents, and we will see where it goes from there. I own million+ shares of Apogee and a buyer at 10-11cents.

This is last time I will write about APE if it doesn't break out before April!

Keep in mind that you can access past SCOW at (login: goldmau pass: goldinsider).

John Lee, CFA
[email protected]
[ Archives ]

– Subscribe to's newsletter network where you can get John Lee's stock picks along with 4 other newsletters (Lawrence Roulston, Aden Forecast, Clif Droke, Sy Harding, Jason Hamlin, and many more.) for the price of $89.95.

About John Lee:

John Lee is the general manager at Mau Capital Management LLC, offering research on mining companies. John is a CFA charter holder and has degrees in economics and engineering from Rice University. He previously studied under Mr. James Turk, a renowned authority on the gold market, before founding Mau Capital Management in 2004.

John has been investing in equities for over fifteen years and is a keen student of market history and psychology. Since 2001, Mr. Lee has studied hundreds of mining companies and personally met with over a hundred management teams. Mr. Lee also actively consults and advices resource companies on project acquisitions, strategic marketing and corporate financing. Those activities help him establish an extensive network of industry contacts, particularly in Vancouver Canada.

John Lee also is just appointed as the Chairman of Prophecy Resource Corp. ( is part of Mau Capital Management LLC. The site is not registered as a securities broker-dealer with the U.S. Securities and Exchange Commission. Specifically, we rely upon an exemption from the registration requirements under the Investment Advisers Act of 1940, as amended (the "Advisers Act") provided for in Section 202(a)(11)(D). This exemption is available for the publisher of any "bona fide financial publication of general and regular circulation." is not responsible for trades executed by subscribers to the services based on the information included in the website and any other publications from (collectively, the "Publications"). The Publications and the information contained therein do not represent individual investment advice or a recommendation to buy or sell securities or any financial instrument nor are they intended as an endorsement of any security or other investment. Furthermore, the Publications do not co nstitute an offer or solicitation to buy or sell any securities or individualized investment advice. The Publications are intended to be utilized solely by financial professionals.

Any information contained in the Publications represents' opinions, and should not be construed as personalized investment advice. We cannot assess, verify or guarantee the suitability of any particular investment to any particular situation and the reader of the Publications bears complete responsibility for its own investment research and should seek the advice of a qualified investment professional that provides individualized advice prior to making any investment decisions. All opinions expressed and information and data provided therein are subject to change without notice.'s officers, directors, employees and/or affiliates, may have positions in, and may, from time-to-time make purchases or sales of the securities discussed or mentioned in the Publications. does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to' web site or incorporated herein, and takes no responsibility therefore.

The foregoing discussion contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, future events and the financial performance of the Company which are inherently uncertain and actual events and/or results may differ materially.

Third party statements contained herein and information contained in any source cited herein are not endorsed by or adopted by, nor has their accuracy been verified by