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CTPMF CUSIP suspended. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
CTPMF one for 6 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/09/2014&mkt_ctg=NON-OTCBB
TR I am looking to stay a long while.Let me know when your back in,Southpen
Hiya,
I'm not currently in this, but it's still on my radar. I agree with your post.
I'll likely be back at some point in the future.
Thanks
TR, I have been following Continental for about 6 months,finally bought in.I am aware of the cost of exploiting the V -project but the enormity of the Uranium,Vanadium resource is just too much to pass up.This project could be an enormous boost to Europe.A steady supply of Uranium without having to count on Africa or North America could be the difference in nuclear expansion imo.If your interested in sharing the good and the bad about Continental,I am listening.I generally think pumping stocks on these forums is wasteful and not really what the intent was in the beginning.Obviously if you invest you think its a good investment so finding something negative should not change anything.It just gives you a balanced approach to your investment.Hope your still with this.
Continental Precious Minerals Announces the Filing of Preliminary Economic Assessment of Viken MMS Project
Estimates Net Present Value of US$1 Billion and Internal Rate of Return of 10 Percent
TORONTO, ONTARIO, Oct 19, 2010 (MARKETWIRE via COMTEX) -- Continental Precious Minerals Inc. (CA:CZQ 0.53, -0.04, -7.02%) (the "Company" or "Continental") announces that the Preliminary Economic Assessment ("PEA" or "scoping study") of the Company's Viken MMS Licence in Sweden has been filed on SEDAR. The results of the PEA were initially published in a news release on September 13, 2010.
The highlights of the PEA include:
- Pre-tax net present value of US$1.039 billion (at a 6.5 percent discount
rate)
- Internal rate of return of 10.3 percent using base case metal prices of
US$65.30/lb uranium oxide, US$15/lb vanadium and US$15/lb molybdenum
- 16-year life of conventional open pit mine producing 40,000 tonnes per day
"With the filing of the PEA, investors will see the significant development potential at Viken," said Ed Godin, President and CEO. "Also, this study only includes 223 million tonnes of the indicated and inferred resources that are above a Net Smelter Return cut-off grade of US$60 per tonne in its base case. The total resource is much larger and includes other smaller areas with similar grades."
The PEA was completed by P&E Mining Consultants Inc. with EHA Engineering Ltd. completing the metallurgical component. The study recommends that Continental advance the Viken project with extended and advanced metallurgical, geotechnical and environmental studies to a pre-feasibility stage.
"Not only do we have a project that is economically viable, but we believe that it will bring considerable economic benefit to the region," added Mr. Godin. "The Viken project will bring benefits through local employment and services, as well as tax and royalty revenue."
The PEA is preliminary in nature and includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Reference is made to the complete copy of the PEA for the basis of the PEA, qualifications and assumptions.
Qualified Persons and Report
The PEA study was completed under the supervision of Eugene Puritch, P. Eng. of P&E Mining Consultants. Mr. Puritch was also responsible for mine design, production scheduling and overall financial analysis. Alexander Partsch, P.Eng., also of P&E Mining Consultants, was responsible for capital and operating costs and cash flow modelling. Alfred Hayden, P. Eng. of EHA Engineering was responsible for metallurgical testing review, mineral processing and process capital and operating costs.
Gerald A. Harron, P. Eng of G.A. Harron & Associates Inc. and Fred Brown CPG, PrSciNat of P&E Mining Consultants are responsible for the resource estimate on which the PEA is based.
Each of the individuals named above is a qualified person, as defined in National Instrument 43- 101, is independent of the Company and is responsible for the technical disclosure contained in this news release.
About Continental Precious Minerals Inc.
Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements including statements relating to mineral resource estimates, capital and operating cost estimates, production and economic return estimates. The PEA, and the estimates contained therein, is preliminary in nature and there is no assurance that the Company will be successful in extracting metals from the Company's mineral exploration licences in Sweden on a commercial scale owing to a number of factors. The PEA is based on a number of assumptions, any one of which, if incorrect, could materially change the projected outcome. Factors that could affect the outcome include, without limitation, uncertainty of production and cost estimates, permitting to construct and operate a mine (which permits have not been obtained or applied for, and are not assured), environmental, social and political factors, as well as metal prices and unanticipated technical difficulties, and the other risk factors described in the Company's annual information form for the year ended May 31, 2010 available on SEDAR. The forward-looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.
Contacts:
Continental Precious Minerals Inc.
Ed Godin
President & CEO
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
TMX - Equicom
Craig MacPhail
(416) 815-0700, ext. 290
cmacphail@equicomgroup.com
Continental Precious Minerals Inc.: Preliminary Economic Assessment Estimates Viken Project NPV at $1 Billion
Scoping study projects IRR of 10.3% over 16-year mine life
TORONTO, ONTARIO, Sep 13, 2010 (MARKETWIRE via COMTEX) -- Continental Precious Minerals Inc. (the "Company" or "Continental") (CA:CZQ 0.50, 0.00, 0.00%) is pleased to announce positive results from the preliminary economic assessment ("PEA") (also called a scoping study) on its MMS Viken Licence and surrounding licences in Sweden. The PEA was completed by P&E Mining Consultants Inc.("P&E"), with EHA Engineering Ltd. ("EHA") having completed the metallurgical component of the study. All currency amounts in this news release are in United States dollars unless otherwise indicated.
"This is a significant milestone for our company," said Ed Godin, President and CEO. "The PEA ascribes an estimated pre-tax net present value to the MMS Viken Project of $1.039 billion, we have only 51 million shares outstanding and a solid cash position. We have been very selective in how we have spent our capital in the last five years since we first acquired our exploration licences in Sweden, and with an expenditure of approximately C$15 million, and minimal dilution to our shareholders, we have delineated a significant mineral resource. We will continue to look for ways to advance the MMS Viken Project and to increase value for our shareholders."
Conclusions and Recommendations
P&E concludes that the MMS Viken Project has economic potential as an open pit mine for uranium, vanadium and molybdenum. The base case contemplates an average life-of-mine waste to mineralized shale strip ratio of 0.5:1, a 40,000 tonnes per day mill feed rate and a 16 year mine life. Pre-production capital expenditures, including contingencies, are estimated to be $3.847 billion. The MMS Viken Project has an estimated pre-tax net present value of $1.039 billion (at 6.5% discount rate) and an internal rate of return of 10.3% using base case metal prices of $65.3/pound U3O8, $15/pound vanadium and $15/pound molybdenum. Only nine million Indicated and 214 million Inferred tonnes of the diluted and recovered potentially mineable portion of the MMS Viken licence resource above an NSR cut off grade of $60 per tonne were used in the base case. The recovered and potentially mineable portion of the resource used for the mine plan is located on the MMS Viken Licence. The mine life average resource grades including mine dilution and losses are as follows:
-----------------------------------------------------------------------
----
Average Diluted and Mine Recovered Resource(i) Grades
---------------------------------------------------------------------------
Uranium Vanadium Molybdenum
---------------------------------------------------------------------------
ppm 155 2,003 270
---------------------------------------------------------------------------
% 0.016% 0.200% 0.027%
---------------------------------------------------------------------------
lb/ton 0.32 4.00 0.54
---------------------------------------------------------------------------
(i) The 223 million tonnes of diluted and mine recovered resources utilized
for this PEA are comprised of nine million Indicated tonnes and 214 million
Inferred tonnes, both at similar grades
The utilized resource tonnage represents only a small portion of the total resource reported by P&E and G.A. Harron & Associates Inc. as of December 31, 2008 of 24 million Indicated and 2.831 billion Inferred tonnes at an NSR cut off grade of $7.50 per tonne. While the 223 million tonnes selected for the mine plan encompass drill holes with the highest grades, there are other smaller areas on the MMS Viken Licence and surrounding licences with grades that are similar to the grades found in the 223 million tonnes. Moreover, several other potentially economic minerals are also found in the Alum Shale deposit at MMS Viken and surrounding licences. The PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
P&E recommends that the Company advance the project with extended and advanced technical studies in metallurgical, geotechnical and environmental matters with the intention to advance the project to a pre-feasibility stage.
Economic Analysis
The economic analysis uses a simple pre-tax cash flow model where annual non-discounted revenues during the 16 year mine life are projected to be relatively constant due to the availability of consistent grades in the tonnage to be mined and the assumption of fixed metal prices during this period. The mine would produce three product streams: a U3O8, a V2O5 and a molybdenum product at standard industry grades. Highlights of the economic analysis are shown in the following table:
-----------------------------------------------------------------------
---
Viken Economic Indicators (dollar amounts in millions except $/tonne)
--------------------------------------------------------------------------
Net present value
--------------------------------------------------------------------------
- Undiscounted $4,618
--------------------------------------------------------------------------
- 5.0% discount $1,611
--------------------------------------------------------------------------
- 6.5% discount (base case) $1,039
--------------------------------------------------------------------------
- 10.0% discount $64
--------------------------------------------------------------------------
Internal Rate of Return 10.3%
--------------------------------------------------------------------------
Project Payback Period From Start of Production (years) 7.1
--------------------------------------------------------------------------
Total Pre-Production Capital $3,847
--------------------------------------------------------------------------
Total Sustaining Capital $221
--------------------------------------------------------------------------
Life of Mine Average NSR Value ($/tonne) $89.57
--------------------------------------------------------------------------
Life of Mine Average Operating Cost ($/tonne) $50.64
--------------------------------------------------------------------------
Mining
The PEA is based on mining of the shale resource from two adjacent open pit operations less than one kilometre apart, a larger southern pit and a smaller northern pit. Mining is based on a conventional drill and blast operation with truck and shovel loading for the waste rock and an excavating without blasting approach with a large hydraulic excavator for the shale mining. Bench heights of 10 metres have been assumed. A maximum of eight 177 tonne haul trucks and two large hydraulic excavators as well as a large wheel loader are contemplated for this operation, with annual material movements as high as 26 million tonnes of mineralized shale and waste rock combined.
The mine plan contemplates transporting the shale resource by truck to a processing plant following primary crushing and that a portion of the waste rock will be used to construct the dykes of the tailings management facility ("TMF"). The remainder of the waste rock will be deposited in a rock storage pile. Mill tailings will be deposited in the TMF for the first 10 years of mine extraction operation. The mine plan also contemplates that tailings will be deposited in the south pit after completion of mining in that pit.
Following the completion of the mining operation, estimated closure and TMF rehabilitation costs have been included. During operation, health and safety and environmental protection costs, including effluent treatment, have been estimated. Due to the preliminary nature of this evaluation, the local socio-political factors for the project area and cost for land acquisition have not been included. Further technical, environmental and socio-economic studies may result in minor adjustments to the pit design and land usage.
Metallurgy
Metallurgical test work was carried out by Process Research Ortech ("PRO") under the direction of EHA Engineering Ltd. following exploratory testwork by PRO that indicated that high uranium and molybdenum extractions could be obtained in an alkaline environment. Relatively high extractions of uranium and molybdenum under conventional conditions were confirmed. Vanadium proved resistant to direct leaching and roasting has been incorporated in the selected flowsheet to render this metal soluble in an alkaline solution. The roasting stage also allows the recovery of much of the energy content of the shale and for the purposes of this study a credit is assumed for electricity production.
Based on the testwork, predicted extractions of uranium and molybdenum are considered to be reasonably assured. Because of limitations of scale with respect to roasting tests, the predicted vanadium extraction requires confirmation on a larger scale. Reagent consumptions (principally soda ash) are high and should also be addressed in ongoing process development efforts.
Qualified Persons and Report
The PEA study was completed under the supervision of Eugene Puritch, P. Eng. of P&E. Mr. Puritch was also responsible for mine design, production scheduling and overall financial analysis. Alexander Partsch, P.Eng., also of P&E, was responsible for capital and operating costs and cash flow modelling.
Alfred Hayden, P. Eng. of EHA was responsible for metallurgical testing review, mineral processing and process capital and operating costs.
Gerald A. Harron, P. Eng of G.A. Harron & Associates Inc. and Fred Brown CPG, PrSciNat of P&E are responsible for the resource estimate on which the PEA is based.
Each of the individuals named above is a qualified person, as defined in National Instrument 43-101, is independent of the Company and is responsible for the technical disclosure contained in this news release.
The PEA technical report, which will be prepared in compliance with National Instrument 43-101, will be filed with the regulators and made available on SEDAR at www.sedar.com within 45 days of this news release.
About Continental Precious Minerals
Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements including statements relating to mineral resource estimates, capital and operating cost estimates, production and economic return estimates. The PEA, and the estimates contained therein, are preliminary in nature and there is no assurance that the Company will be successful in extracting metals from the Company's mineral exploration licences in Sweden on a commercial scale owing to a number of factors. The PEA is based on a number of assumptions, any one of which, if incorrect, could materially change the projected outcome. Factors that could affect the outcome include, without limitation, uncertainty of production and cost estimates, permitting to construct and operate a mine (which permits have not been obtained or applied for, and are not assured), environmental, social and political factors, as well as metal prices and unanticipated technical difficulties, and the other risk factors described in the Company's annual information form for the year ended May 31, 2010 available on SEDAR. The forward-looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.
Contacts:
Continental Precious Minerals Inc.
Ed Godin
President and CEO
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
Colin Languedoc
Investor Relations Consultant
(416) 367-5000 x225
(416) 367-5390 (FAX)
clanguedoc@barnesmcinerney.com
SOURCE: Continental Precious Minerals Inc.
mailto:godine@rogers.com
mailto:clanguedoc@barnesmcinerney.com
IIROC: Halt; Continental Precious Minerals
By Marketwire Canada
9/13/2010 9:53:36 AM
Continental Precious Minerals Provides Update on Activities
TORONTO, ONTARIO, Aug 17, 2010 (Marketwire via COMTEX) -- Continental Precious Minerals Inc. (the "Company" or "Continental") (CA:CZQ 0.52, +0.01, +1.96%) today provided an update on activities during June and July on its MMS Viken Licence and other properties in Sweden.
MMS Viken Licence
The focus of the Company continues to be the Company's MMS Viken Licence in central Sweden. Viken is the Company's principal property, hosting uranium, molybdenum, vanadium and nickel. Four very close shallow and vertical diamond-drill holes were completed to test the near-surface black shale and to observe the suitability of the site for a pit-sized sample. Trenching and excavation followed the drilling in order to penetrate a thin veneer of limestone and to reach the black shale. A 100 kilogram sample was shipped for metallurgical testing. Additional excavation will be undertaken this week. The Company expects to be in a position to publish the results of a preliminary economic assessment on the MMS Viken Licence and surrounding MMS Licences before the end of 2010.
Other Licences
Exploration activities also took place at four HRU Licences, all in northern Sweden.
At the Skuppesavon Licence, one shallow vertical hole was drilled to test a radiometric anomaly surrounded by several uranium bearing boulders. Analytical results are pending. Gamma radiation levels were low, but besides uranium, gold will be analyzed.
The Kvarnan nr 2 Licence saw one shallow drill hole completed on an anomalous radiometric target. The core will be sectioned and analyzed for uranium and gold.
At the Abborrviken Licence, a single shallow hole was drilled on what now appears to be a surface anomaly, associated with low levels of gamma radiation. However, a similar target located nearby holds greater promise. The surface area showed elevated values of approximately 450 micro R/hr and some large uranium bearing boulders emitted 600 micro R/hr. This anomaly is to be drill tested in the coming months. An historical uranium boulder map will be geo-referenced to the current national coordinate system, which will help to define anomaly locations more precisely.
On the Guorbavare Licence, which surrounds the Pleutajokk resource, 80 soil samples have been collected. Analytical results will assist in defining uraniferous lineaments and structures for follow-up. This data can also be used to provide background environmental data that will be used in future investigations.
Technical Disclosure
All technical disclosure in this news release has been prepared in accordance with National Instrument 43-101 by or under the supervision of Gerald Harron, P.Eng. who is a Qualified Person under NI 43-101.
About Continental Precious Minerals
Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they arise.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding a preliminary economic assessment of the MMS Viken Licence and surrounding MMS Licences in Sweden. While the Company believes that it will be able to publish the results of a preliminary economic assessment on the MMS Viken Licence and surrounding MMS Licences before the end of 2010, the Company is dependent on third parties. The forward looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views.
SOURCE: Continental Precious Minerals Inc.
Continental Precious Minerals Inc.
Ed Godin
President and CEO
(416) 805-3036
(905) 276-4862(FAX)
godine@rogers.com
Continental Precious Minerals Inc.
Steve Wallace
Investor Relations Consultant
(416) 367-5000 x229
(416) 367-5390(FAX)
swallace@barnesmcinerney.com
TORONTO, ONTARIO, Apr 8, 2010 (Marketwire via COMTEX) -- Continental Precious Minerals Inc. (the "Company" or "Continental") (CA:CZQ 0.77, -0.02, -2.53%) today provided an update on the economic scoping study on its MMS Viken Licence and surrounding licences which is planned to be completed in 2010.
"This study is an important milestone in the development of our Swedish mineral exploration properties and has been much anticipated by our shareholders," said Ed Godin, President and CEO. "Working with our teams in Canada and Sweden, we have drawn up a timeline of focused activity with the view to releasing an economic scoping study before the end of 2010."
To achieve the release of the results of the study before the end of 2010 the following steps are planned:
1. Focusing on the recovery of three metals only (uranium, vanadium and
molybdenum), Al Hayden of EHA Engineering Ltd. and Process Research
Ortech (Ortech) will follow up on the metallurgical research completed
by Ortech, announced in January of this year. The purpose of the
research will be to determine if the results achieved from Ortech's
preliminary tests can be reproduced under typical process plant
conditions. Bench scale flotation, leaching and roasting tests will take
place with results expected by August 2010.
Alum Shale metallurgy is complex and does not respond well to pre-
concentration processes such as flotation. Recovering the targeted
metals will require the application of hydrometallurgical techniques and
the integration of many unit operations to produce marketable products
and environmentally acceptable residues. The research program will
address important aspects of the potential production flowsheet with a
view to supporting a scoping level study. Future detailed testwork will
be required as the project is advanced.
2. With the results of the Ortech metallurgical program, it is anticipated
that P&E Mining Consultants Inc. will be in a position to complete the
economic scoping study. The study is expected to provide information on
mine design, mine production schedule, process recovery, capital and
operating costs and a cash flow model.
"The Alum Shale deposit at MMS Viken presented us with many opportunities which we explored thoroughly. We examined designing a program that would exploit the polymetallic content of the shales to the largest extent, including recovering precious metals indicated," noted Mr. Godin. "The shales also contain a significant quantity of organic carbon which we considered extracting for its potential oil production. While these may still have potential, we have determined that the best way to add shareholder value and advance MMS Viken to production is by focusing on mining three key minerals. This will also serve our goal of partnering with a major mining company on the property."
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding metallurgical studies and a preliminary economic assessment of the MMS Viken Licence and surrounding licences in Sweden. There is no assurance that the Company will be successful in extracting metals from the Company's mineral exploration licences in Sweden on a commercial scale, or at all, thereby enabling the Company to complete a preliminary economic assessment. The forward looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.
About Continental Precious Minerals Inc.: Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.
SOURCE: Continental Precious Minerals Inc.
Continental Precious Minerals Inc.
Ed Godin
President
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
Continental Precious Minerals Inc.
Craig MacPhail
Investor Relations Consultant
(416) 367-5000
(416) 367-5390 (FAX)
cmacphail@barnesmcinerney.com
http://www.marketwatch.com/story/continental-precious-minerals-provides-update-on-economic-scoping-study-2010-04-08?siteid=nbsh
Continental Precious Minerals-Update on Licences in Sweden
Explore related topics
Continental Precious Minerals Inc.
TORONTO, ONTARIO, Mar 25, 2010 (Marketwire via COMTEX) -- Continental Precious Minerals Inc. (CA:CZQ 0.73, +0.01, +1.41%) (the "Company" or "Continental") announced that the renewal of five MMS (VG) licences has recently been granted such that Continental has a total of 82 mineral exploration licences in Sweden, each 100% owned by Continental. An additional 14 new mineral exploration licences have been applied for and are pending in the southern part of the Billingen area of Vastergotland county, about 200 kilometres southwest of Stockholm.
Continental's main focus is its MMS Viken licence. The March 19, 2009 National Instrument 43-101 technical report on MMS Viken, entitled "Third Updated Technical Report on Viken MMS Licence Area, Jamtland, Kingdom of Sweden," is available on SEDAR. The Company is focused on completing its metallurgical work with a view to completing a preliminary economic assessment in 2010.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding pending mineral exploration licences as well as metallurgical studies and a preliminary economic assessment of the MMS Viken Licence and surrounding licences in Sweden. There is no assurance that the Company will be successful in having the additional 14 mineral exploration licences granted and no assurance that the Company will be successful in extracting metals from the Company's mineral exploration licences in Sweden on a commercial scale, or at all, thereby enabling the Company to complete a preliminary economic assessment. The forward looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.
About Continental Precious Minerals Inc.: Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.
SOURCE: Continental Precious Minerals Inc.
Continental Precious Minerals Inc.
Ed Godin
President
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
http://www.marketwatch.com/story/continental-precious-minerals-update-on-licences-in-sweden-2010-03-25-1420310?siteid=nbsh
just another godin money sucker...
CZQ buying own stock.
http://www.marketwire.com/mw/release.do?id=821368
SD
Swedish Energy agency proposes to 3-fold wind-energy capacity by installing thousands of new windmills. My fears are that a country like Sweden will never allow U308 mining.
SD
for resource investors...
http://www.exhibitorresearch.com/s/ResearchTools.asp?ReportID=103746
SD
http://www.lautorite.qc.ca/userfiles/File/bulletin/2007/vol4no44/vol4no44_annexe-2.pdf
It's in french but it's useful.
Search for "Godin". You will find all members of CZQ in there.
Especially the column "Solde courant" is interesting.
SD
Large amount of options assigned.
SD
[table]Continental Precious Minerals Inc. (CZQ) As of November 13th, 2007
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Oct 26/07 Oct 22/07 Akerblom, Gustav Valdemar Direct Ownership Options 50 - Grant of options 100,000 $2.150
Oct 26/07 Oct 22/07 Akerblom, Gustav Valdemar Direct Ownership Options 00 - Opening Balance-Initial SEDI Report
Oct 26/07 Oct 22/07 Bromley-Challenor, Michael Direct Ownership Options 50 - Grant of options 100,000 $2.150
Oct 26/07 Oct 22/07 Bromley-Challenor, Michael Direct Ownership Options 00 - Opening Balance-Initial SEDI Report
Oct 26/07 Oct 22/07 Bromley-Challenor, Michael Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Oct 26/07 Oct 22/07 Andrade, Rui Manuel Direct Ownership Options 50 - Grant of options 30,000 $2.150
Oct 26/07 Oct 22/07 Walters, Scott Robertson Direct Ownership Options 50 - Grant of options 250,000 $2.150
Oct 26/07 Oct 22/07 Osika, Gerard Paul Direct Ownership Options 50 - Grant of options 250,000 $2.150
Oct 26/07 Oct 22/07 Sheahan, Patricia Direct Ownership Options 50 - Grant of options 250,000 $2.150
Oct 26/07 Oct 22/07 Godin, Edward Direct Ownership Options 50 - Grant of options 250,000 $2.150[/table]
Insider buying
Continental Precious Minerals Inc. (CZQ)
As of September 23rd, 2007
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 18/07 Sep 17/07 Walters, Scott Robertson Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $2.500
May 07/07 May 07/07 Andrade, Rui Manuel Direct Ownership Common Shares 51 - Exercise of options 20,000 $0.900
May 07/07 May 07/07 Andrade, Rui Manuel Direct Ownership Options 51 - Exercise of options -20,000
Apr 13/07 Apr 13/07 Walters, Scott Robertson Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $2.970
Mar 08/07 Mar 07/07 Sheahan, Patricia Direct Ownership Common Shares 51 - Exercise of options 45,618 $0.100
Mar 08/07 Mar 07/07 Sheahan, Patricia Direct Ownership Options 51 - Exercise of options -45,618
Mar 01/07 Feb 23/07 Osika, Gerard Paul Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $3.537
Mar 01/07 Feb 22/07 Osika, Gerard Paul Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $3.100
Mar 01/07 Feb 21/07 Osika, Gerard Paul Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $3.050
Feb 23/07 Feb 23/07 Osika, Gerard Paul Direct Ownership Common Shares 51 - Exercise of options 41,000 $0.190
CZQ CTPMF--News Continental Precious hereby declares resource estimate
2007-08-28 19:59 ET - News Release
Mr. Ed Godin reports
CONTINENTAL PRECIOUS MINERALS INC.: UPDATED INFERRED RESOURCE ESTIMATE ON MMS VIKEN LICENCE-232 MILLION POUNDS OF URANIUM OXIDE
Continental Precious Minerals Inc., further to its news in Stockwatch issued on May 10, 2007, and subsequently respecting the company's 100-per-cent-owned multimetal sediment Viken mineral exploration licence in Sweden, has released a new resource estimate for Viken. Gerald A. Harron of G.A. Harron & Associates Inc., Eugene Puritch of P&E Mining Consultants Inc., and Fred Brown of FHB Consulting Services Inc., each a qualified person within the meaning of National Instrument 43-101, have updated the resource estimate as of today for the MMS Viken licence contained in Mr. Harron's report of June 22, 2007.
The updated inferred resource estimate is more than a threefold increase to Mr. Harron's prior resource estimate for the MMS Viken licence, with slightly lower grades for each of the four metals.
Metal/ Grade Grade (%) Tons Quantity (lbs)
oxide (lbs/ton)
U3O8 0.34 lbs/ton 0.017 % 685,242,000 232,982,280
Ni 0.61 lbs/ton 0.030 % 685,242,000 417,997,620
V2O5 5.83 lbs/ton 0.290 % 685,242,000 3,994,960,860
MoO3 0.73 lbs/ton 0.036 % 685,242,000 500,226,660
The drill information used for the inferred resource estimate pertains to approximately 40 per cent of the MMS Viken licence area.
All of the uranium mineralization is sedimentary in nature and is hosted in the Alum shale formation, a middle Cambrian to earliest Ordovician black shale lithostratigraphic unit that extends throughout Scandinavia. Generally the unit is 20 metres thick, and in the MMS Viken licence area tectonic repetition has increased the thickness to approximately 200 metres. The deposits suboutcrop beneath variable thicknesses of glacial deposits of up to nine metres thick.
Uranium mineralization is generally more abundant and uniformly distributed in the upper Cambrian facies of the Alum shale, with slightly lesser amounts in the middle Cambrian. Moreover, higher uranium contents are associated with organic carbon contents greater than about 10 per cent. The high organic content facies of Alum shale has a shiny to lustrous black colour resembling anthracite riddled with millimetre to centimetre thick calcite and pyrite veinlets. The primary uranium minerals are micron-sized uraninite and coffinite that appear to be bonded to clay minerals and organic carbon. The other metals are presumed to occur as organo-metallic complexes or oxides bonded to clay minerals.
The MMS Viken licence is considered to be advanced stage exploration, as grid drilling continues in order to define a deposit suitable for open pit exploitation. Historical work on the property consists of reconnaissance style diamond drilling carried out in the late 1970s by the Sveriges Geologiska Undersokning or the Geological Survey of Sweden. Diamond drill hole Myrviken 78-005 is located on the property. Assays from this vertical hole record a 194.77-metre true thickness intersection grading 0.41 pound U3O8 per ton (173 parts per million U), which provides the impetus for exploration at this site.
Mr. Harron visited the property on March 26 and March 27, 2007, at which time drill cores were examined and sampling protocols reviewed at Geoforum Scandinavia AB's core handling facility.
A major component of the QA/QC program on the MMS Viken licence consisted of drilling hole Myr 06-002, 25 metres south of historical drill hole Myrviken 78-005, and analyzing the core. The results show excellent correlation for both spatial distribution and absolute values for uranium. For QA/QC purposes, every 25th sample was sent to a second laboratory for reanalysis. Analyses were performed by ALS Chemex in Ojebyn and ALS Analytica in Lulea, Sweden. The correlation between six original and second assays of the same pulp is 96.8 per cent for uranium indicating no significant analytical problems.
Interlaboratory accuracy was also explored because two laboratories were used to generate analytical results. A total of 128 samples were analyzed at each laboratory. The resultant data indicate no significant bias exists for U3O8 and V2O5 values. A significant bias exists however for MoO3 (10.5 per cent) and Ni values (45.2 per cent). Accordingly, approximately 20 per cent of the data for MoO3 and Ni sent to one laboratory may need to be reanalysed prior to a preliminary feasibility study.
Core samples were two metres long or shorter where constrained by lithologic contacts. Sample lengths are approximately true widths. All samples sent for analyses were prepared using a jaw crusher, which was cleaned with compressed air between samples. A 250-gram split of the crushed sample with 70 per cent passing through a nine-mesh screen was pulverized with 85 per cent passing through a 200-mesh screen. A four-acid sample digestion allows complete digestion of the elements of interest, followed by a combination of ICP-MS (inductively coupled plasma mass spectroscopy) and ICP-AES (inductively coupled plasma atomic emission spectrophotometry) determination techniques. Total carbon was determined by a Leco furnace and the inorganic carbon was analyzed by a Coulometer.
The methodology used by the consultants to estimate the inferred resource involved generating a 3-D geological model based on 25-metre cross-sections with the mineralization constrained to the Alum shale lithology. Two-metre-long composite samples were created for U, V, Mo and Ni expressed as ppm concentrations. Grade capping was applied to the metal concentrations in order to reduce the impact of high-grade outlier values during block interpretation. Grade continuity was examined via variography suggesting that the optimal drill hole spacing is a 100-metre grid. A bulk density of 2.51 tons per cubic metre was assumed for all lithologic units.
Three-dimensional modelling methods were used in accordance with principles meeting Canadian Institute of Mining and Metallurgy guidelines. Blocks measured 25 metres by 25 metres in plan by 10 metres vertical. An NSR grade element was calculated based on the U, V, Mo and Ni block values.
BLOCK VALUES
Mo Ni U V
Price US$25.00/lb US$12.00/lb US$55.00/lb US$5.00/lb
Recovery 15% 66% 90% 65%
Block grades were estimated with a single pass inverse distance cubed calculation. A reasonable continuity of grade across the Alum shale is demonstrated by the drill holes. However due to the complex geological model, limited number of drill holes, and lack of density and collar survey information, the resource has been classified as an inferred resource (within the meaning of Canadian Institute of Mining and Metallurgy guidelines) in its entirety. Inferred resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as reserves.
For this resource estimate a break-even cut-off of $7.50 (U.S.) was selected based on a general knowledge of mining costs. The global resource estimate is defined by those blocks falling within a Whittle optimized pit derived from applying the cut-off NSR value and a 50-degree slope for the pit. Following this procedure the grades for U, V and Mo were then converted to standardized oxide units for reporting purposes.
We seek Safe Harbor.
News--Continental Precious has GICs, not ABCP
2007-08-23 10:52 ET - News Release
Mr. Ed Godin reports
CONTINENTAL PRECIOUS MINERALS INC.: STATUS OF CASH HOLDINGS
Continental Precious Minerals Inc. has a total cash position of approximately $31-million, of which $30-million is in the form of guaranteed investment certificates and the balance is in the form of cash on deposit in its bank account at one of Canada's major chartered banks.
hehe. NP. I'll leave the pumping & dumping to you now ;) In the end you were right all along. I'll get back to you when it's hits 5.15 again!
SD
Thanks for All Your Work Here Mr. Duck -e-
TORONTO, ONTARIO--(Marketwire - Aug. 20, 2007) - Continental Precious Minerals Inc. (TSX:CZQ) (the "Company" or "Continental") is pleased to announce that assays for nine diamond drill holes (1,092 metres) completed on the Guorbavare licence are now available. The assay results confirm the historical grade and tonnage of the mineralization taken into account in the resource estimate included in the National Instrument 43-101 technical report completed by Andrew Phillips MSc, FIMMM, CEng in 2005. The report estimated an inferred resource of 1,609,000 tons grading 2.38 lbs/ton U3O8 and an indicated resource of 518,000 tons grading 2.76 lbs/ton U3O8.
Drilling at the Pleutajokk uranium deposit on the Guorbavare licence located near Arjeplog in northern Sweden focused on further definition drilling of the deposit. The uranium deposit is associated with fracture fillings in granitic rocks, and was previously explored by the Swedish Geological Survey and other companies. As currently known, the deposit strikes north for approximately 400 metres, and dips steeply east. Analytical results from this drilling are presented in the following table:
-------------------------------------------------------------------------
Hole No. From(m) To(m) Interval U(ppm) U3O8(lbs/ton)
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PLJ 06-001 41 49 8.0 704 1.83
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82 85.5 3.5 702 1.82
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PLJ 06-004 120.1 123.4 3.3 1989 5.16
-------------------------------------------------------------------------
PLJ 06-005 sev
-------------------------------------------------------------------------
PLJ 06-006 103.2 104.2 1 1090 2.82
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107.2 108.2 1 2590 6.72
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PLJ 06-008 61.65 61.9 0.25 2740 7.1
-------------------------------------------------------------------------
PLJ 06-009 sev
-------------------------------------------------------------------------
PLJ 06-010 sev
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PLJ 06-011 62 64 2 2075 5.38
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106 107 1 2170 5.63
-------------------------------------------------------------------------
PLJ 06-012 sev
-------------------------------------------------------------------------
Lower cut-off is 500 ppm U
"sev" means sub economic values
Drilling operations and core sample sawing were contracted to Taiga Drilling of Mala, Sweden. Program management and core logging are contracted to Geoforum Scandinavia AB, with analytical services contracted to ALS Chemex (ISO 9001:2000 accreditation) of North Vancouver, Canada.
Core samples were generally one metre long or shorter where constrained by lithologic contacts. True widths are approximately 90% of drill intercepts. Whole samples were crushed in a jaw crusher and from a split, a 100 gram sample was taken and ground to less than 63 microns. Out of this, a 0.125 gram sample was taken and fused into a borate bead and analyzed with ICP-AES and ICP-MS methods for 48 elements. Continental relies on ALS Chemex' internal standards to maintain analytical precision.
Drill holes PLJ 06-001, -004, -011 and -012 were sited to test for extensions of uranium mineralization in the southern portion of the deposit. Hole PLJ 06-001 intersected typical mineralization (1.83 lbs/ton U3O8 over 8 metres and 1.82 lbs/ton U3O8 over 3.5 metres), while hole PLJ 06-004 returned an intersection of 5.16 lbs/ton U3O8 over 3.3 metres. These results confirm that the deposit can be extended to the south.
Drill hole PLJ 06-011 located about 90 metres south of PLJ 06-001 intercepted two distinct vein systems returning 5.38 lbs/ton U3O8 over 2 metres and 5.63 lbs/ton U3O8 over 1 metre. Hole PLJ 06-012 located an additional 50 metres south returned sub economic values, suggesting a possible termination of the mineralization.
Hole PLJ 06-005 was the most southerly hole and targeted extensions of the mineralization at depth. The core samples returned sub economic values, suggesting a structural dislocation of the mineralization.
Four diamond drill holes PLJ 06-006, -008, -009 and -010 designed to fill in gaps in the northern portion of the historical drill sample pattern were completed. Drill hole PLJ 06-006 returned intervals of 2.82 lbs/ton U3O8 over 1 metre and 6.72 lbs/ton U3O8 over 1 metre separated by a 3 metre interval of sub economic values. Drill hole PLJ 06-008 returned a value of 7.1 lbs/ton U3O8 over 0.25 metres and holes PLJ 06-009 and -010 returned sub economic values.
A qualified person has not verified the data disclosed because the geologists overseeing the drilling program are not qualified persons. The contents of this press release have been reviewed by G.A. Harron, P.Eng., an independent consultant and a qualified person as defined in National Instrument 43-101.
FOR FURTHER INFORMATION PLEASE CONTACT:
Continental Precious Minerals Inc.
Ed Godin
President
(416) 805-3036
Proven or not were going down
I hope he's worth the pump money I've paid
SD
Exactly
CZQ has the right to look for it. Nothing more. And the Swedes won't be giving it up that easily.
Dines report is good, but it glosses over the fact that 99% of the juniors have nothing, and will always have nothing.
Dines likes to pump like the best of them.
fringe
I tried to represent Dines' view as accurately as possible but ofcourse your point is as valid as any other. another point which I've stated before was: even IF they find any, the question will be wether or not they will be allowed to extract it and at which cost they can do it. One of the things Dines expresses is that one needs to diversify since e.g. 10% of the worlds U3O8 deposits is in the republic of Niger.
SD
You Forgot One Word...
'Proven', as in proven deposits.
There is a lot of trash out there. A lot. And, as far as CZQ goes, it isn't all cut and dried yet. Godin has a ton of drilling to do yet. The biggies will let him drill and drill and drill until there isn't any more money....
fringe
Dines looks at the issue of non-producing juniors in a bullish way. It takes 5-10 years to build a mine so the bigger ones are buying the smaller ones to build up their reserve. It is clear that there's a U308 shortage and that it only get worse in the future. Bigger U308 companies are buying the smaller ones for their deposits, since they can now do it at discounted price.
SD
down the drain we go.
SD
history repeating itself.
SD
Serveral articles on up/downtrend in U308 spot price
http://www.stockinterview.com/News/06252007/Uranium-demand-price-weakness.html
http://www.theconservativevoice.com/article/26834.html
http://www.dailyreckoning.com/rpt/uraniumreport.html
http://www.moneyweek.com/file/25277/seven-reasons-the-uranium-price-will-hit-100-this-year.html
SD
I'm just curious whether or not we will see history repeating. If you take a 2 years chart, you would think that we just started out the same pattern after a huge run. time will tell.
SD
Sure, I agree with you, but this phenomenon you are talking about is happening to most of the stocks now. You see this on a stock level (4 phases - mostly short term view), sector level, continent and global economic levels. They all have cycles / stages. Currently I think that most sectors are going through a bad phase since most people chicken out of what is about to come: and yes, high risk stuff like junior explorers will be hit the hardest.
Anyway, I'm awaiting Dines' letter to get some new views / insights of what the future will (hopefully) hold. I will keep you guys posted.
It's not my thing to talk about other boards here, but there are some really good discussions going on at stockhouse concerning u3o8 exploration: MAW & CZQ boards e.g.
SD
Many of the Junior Explorers
will suffer on a cycle.
fringe
Could you elaborate?
U3O8 prices will probably stabelize around these levels.
SD
I Don't Think It Matters Now
Non-producing speculative players are about to be punished.
fringe
CZQ.T/CTPMF--Continental Precious drills 202 m of 162 ppm U at Viken
2007-08-02 18:34 ET - News Release
Mr. Ed Godin reports
DRILLING RESULTS AT CONTINENTAL PRECIOUS MINERALS' VIKEN MMS LICENCE IN SWEDEN
Continental Precious Minerals Inc. has received the results from 10 additional drill holes on the Viken MMS licence. Results from previous drilling by the company were released in Stockwatch on Nov. 20, 2006, and Feb. 14, 2007, and are also presented in a National Instrument 43-101 technical report filed on SEDAR (the Harron report). The drilling program is continuing with three drill rigs on the Viken MMS licence and surrounding licences, and is designed to test the continuity and grade of the mineralization peripheral and outward from the inferred resource announced in Stockwatch on May 10, 2007, May 25, 2007, and June 22, 2007. The table summarizes the additional analytical results received since the Harron report. The company is in the process of updating its resource estimate for the Viken MMS licence to take into account the information provided by the 10 drill holes reported in this news release.
Drill hole Interval Width U V Mo Ni U3O8 V2O5 MoO3 Ni
No. (m) (m) (ppm) (ppm) (ppm) (ppm) (lb/ton) (lb/ton) (lb/ton) (lb/ton)
Myr 07-012 48-56 8 150 821 199 319 0.39 3.2 0.66 0.71
and 109-122 13 144 1,283 295 316 0.37 5.0 0.97 0.69
and 155-179 24 146 1,230 239 322 0.38 4.8 0.79 0.71
Myr 07-013 7-190 183 130 1,452 229 301 0.34 5.7 0.76 0.66
Myr 07-014 3-190 187 139 1,342 253 297 0.36 5.3 0.83 0.65
Myr 07-015 5-162 157 125 1,433 200 307 0.41 5.6 0.66 0.67
and 178-192 74 128 872 183 245 0.33 3.4 0.60 0.54
Myr 07-016 157-203 46 137 1,054 235 297 0.36 4.1 0.77 0.65
Myr 07-018 158-194 36 120 841 226 230 0.31 3.3 0.74 0.51
Myr 07-021 6-173 167 162 1,642 283 375 0.42 6.4 0.93 0.82
Myr 07-022 5-195 190 139 1,303 215 294 0.36 5.1 0.71 0.65
Myr 07-024 10-212 202 162 1,685 286 379 0.42 6.6 0.94 0.83
Myr 07-025 115-154 39 174 1,508 331 418 0.45 5.9 1.1 0.92
and 186-199 13 116 1,084 219 269 0.30 4.3 0.72 0.59
Drilling operations were contracted to TGB Borrteknik AB of Grabo and Ludvika Borrteknik HB of Ludvika, Sweden. Both drill contractors use Atlas Copco track-mounted drills recovering BQ-size core. Program management, core logging and sampling are contracted to Geoforum Scandinavia AB, with analytical services contracted to ALS Chemex of Ojebyn and ALS Analytica AB of Lulea, Sweden. Both laboratories are ISO 0991:2000 accredited and affiliated with ALS Chemex of North Vancouver, Canada.
Core samples were two metres long or shorter where constrained by lithologic contacts. Sample lengths are approximately true widths. All samples sent for analyses were prepared using a jaw crusher, which was cleaned with compressed air between samples. A 250-gram split of the crushed sample with 70 per cent passing through a nine-mesh screen was pulverized with 85 per cent passing through a 200-mesh screen. A four-acid sample digestion allows complete digestion of the elements of interest, followed by a combination of ICP-MS (inductively coupled plasma mass spectroscopy) and ICP-AES (inductively coupled plasma atomic emission spectroscopy) determination techniques.
The drill results tabulated in the table continue to generate uranium, vanadium, molybdenum and nickel contents of potential economic interest comparable with previously announced results. These results are from drill holes that cover an area 400 to 800 metres wide over a strike length of approximately 1.6 kilometres, oriented in a north-northwest direction. This is consistent with the geological model developed from previous drilling, which predicted the overall geometry of the deposit (see news in Stockwatch dated May 10, 2007).
Analytical results from three additional drill holes already completed are pending and will be released as soon as possible. Further drilling on the Viken MMS licence will be required to more closely define the boundaries of the deposit and to provide some infill drilling. In anticipation of future preliminary engineering studies, Continental has initiated a preliminary environmental assessment of the Viken area, in accordance with applicable laws and regulations.
Drilling on licences surrounding the Viken MMS licence will continue throughout the coming months to explore for additional Viken-like deposits. Analytical results are pending from the six drill holes completed to date on these neighbouring licences.
A qualified person has not verified the data disclosed because the geologist overseeing the drilling program is not a qualified person. The contents of this news release have been reviewed by G.A. Harron, PEng, an independent consultant and a qualified person as defined in National Instrument 43-101.
We seek Safe Harbor.
I'm just past the point where I would sell with a smile...
I can't imagine that U3O8 prices will drop another 40% or something. People are used to seeing exponential growth which is hard to sustain. as with everything, the cycle pattern will do it's work and clean out this for a new start. Like you said: better not be in the downtrend.
I just have to sit this one out.
SD
I Am Not In ANY U308 Plays
Major correction in all non-producers coming up. Even Cameco will have difficulty weathering this, and they have huge profits just reported.
fringe
Declining U3O8 prices
http://www.uxc.com/review/uxc_Prices.aspx
SD
Not Necessarily -e-
Don't remind me... you were talking about Godin right? (slippery little devil)
SD
Watching. TRIX Pinching Hard....
Looks good. I don't move on this stock until the direction is confirmed though... slippery little devil.
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