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Tough to get filled~
ATTENTION: The MAIN Eurasian Minerals message board is under the ticker EMXX
This EMX.v board is not very active. If anyone is looking for research on this company, make sure to follow the other board...
http://investorshub.advfn.com/Eurasian-Minerals-Inc-EMXX-22788/
3 top junior miner picks from Exploration Insights' Brent Cook
BNN Market Call Tonight
Published Thursday, Mar. 08, 2012 6:18PM EST
Last updated Friday, Mar. 09, 2012 7:19AM EST
Eurasian Minerals is an exceptionally diverse global exploration company that recognizes the high risk of exploration and offsets the financial risk to major partners. They have one of the best geologic teams in the industry with properties in Turkey, Haiti, the U.S. and Australia that hold the potential to produce world-class discoveries. Their Leeville gold royalty should generate in excess of $6-million annually, which when combined with their $36-million in cash means they are self funding, should never have to finance again and are able to take advantage of opportunities.
http://www.theglobeandmail.com/globe-investor/investment-ideas/3-top-junior-miner-picks-from-exploration-insights-brent-cook/article2363487/
First things first though! You need 6.1% more votes.
It will be expensive!
Ashburton to be Granted Option by Eurasian Minerals for Second Gold Property in Nevada
VANCOUVER, BRITISH COLUMBIA, Mar 07, 2012 (MARKETWIRE via COMTEX) -- ASHBURTON VENTURES INC. CA:ABR 0.00% (frankfurt:ARB) ("Ashburton" or the "Company") is pleased to announce that Eurasian Minerals Inc. CA:EMX +0.79% EMXX +0.95% has agreed to grant, through its wholly-owned subsidiary Bronco Creek Exploration, Inc., an option to Ashburton for the Richmond Mountain gold property, located in the Eureka Mining District of north-central Nevada. The property has Carlin-type gold as well as base metal (+/- gold) replacement targets, and is located only two kilometers east of the Archimedes Mine (operated by Barrick Gold Corp.). The southern claims abut the South Eureka Project (owned by Timberline Resources, Inc.), considered by Timberline as their flagship exploration project for sediment-hosted gold mineralization.
The Richmond Mountain property includes the eastward projection of an early Cretaceous igneous-related hydrothermal system that includes iron-rich skarn and spatially associated polymetallic base metal deposits along its western and southern contacts, as well as gold mineralization at the Archimedes Mine. The property also lies along the northern projection of several structures hosting Carlin-type mineralization. Much of the prospective ground lies under cover, with the southern claims having exposed Paleozoic sedimentary rocks with jasperoids, carbonate-destructive alteration, pathfinder elements, and locally anomalous gold. There has been limited exploration on the property and previous drilling (two drill holes approx. 378m and 457m total) on the northern claims did not reach target depths under cover.
Ashburton President Michael England states, "Richmond Mountain is the second gold property in Nevada that Ashburton has agreed to option from Eurasian Minerals, with Cathedral Well announced just weeks ago. Eurasian's geologically-driven approach that emphasizes mapping, coupled with new conceptual models at the deposit scale, place both Cathedral Well and Richmond Mountain high on the list for significant new discoveries."
Subject to execution of the formal agreement, Ashburton may earn an initial 70% of Richmond Mountain by paying $35,000 on signing, incurring five million dollars in exploration expenditures, issuing 3.4 million Ashburton shares over seven years and delivering a feasibility study together with additional cash and share payments (all dollar amounts in USD). Year-one activity will focus on a review of recent geophysical surveys and trenching of subcrops on the west side of Richmond Mountain where anomalous gold results were obtained from recent soil and rock sampling to delineate additional drill targets.
The technical contents of this release were approved by Dr. Tom McCandless, P.Geo., Vice President, Exploration for Ashburton and a qualified person as defined by National Instrument 43-101.
Ashburton Ventures Inc. is a Canadian-based junior exploration with active mineral programs in the Yukon, Canada and Nevada, USA.
Eurasian Minerals Inc. CA:EMX +0.79% EMXX +0.95% is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and under-explored mineral belts. Eurasian currently has project interests in ten countries on four continents, and generates wealth via grassroots prospect generation, strategic acquisition, royalty growth and merchant banking.
ON BEHALF OF THE BOARD
Michael England, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Ashburton Ventures Inc. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Ashburton Ventures Inc.
Michael England
President
(604) 683-3995
SOURCE: Ashburton Ventures Inc.
Copyright 2012 Marketwire, Inc., All rights reserved.
Auguries—Brave New World
February 9, 2012
By Kevin Michael Grace
Gold was down (at press time) $30.70 (-1.7%) for the week to $1,731.30, and silver was down
.38 (-1.1%) to $33.92. Reuters attributed gold’s decline to (surprise!) “the Euro g[iving] up early gains, with optimism over a pending bailout deal for Greece petering out.” Citigroup analyst David Wilson warned, “Strangely, if Greece doesn’t agree to austerity in the next couple of days, it might be negative for gold in terms of dollar/euro.” Strange, indeed.
Others claimed that gold fell because the US unemployment rate fell from 8.5% to 8.3%. Pat McHugh of Manulife Financial told Bloomberg, “The number was a huge improvement over expectations… The strength in the [US] economy implies that the probability of more Fed easing or another quantitative package is being diminished, and gold’s going to take it on the chin. The flight-to-safety movement doesn’t appear to be as important as a result of the stats we’ve seen today.”
Read the rest of this article. http://resourceclips.com/2012/02/09/auguriesbrave-new-world/
EMX-NEM Designated Projects in Haiti. EMX controls over 281,000 hectares (1,085 square miles) of prospecting permits along northwest Haiti's prospective Massif du Nord mineral belt. The EMX-NEM Joint Venture has been exploring in northern Haiti since 2008 as part of the Regional Strategic Alliance exploration program, and has reported encouraging results from multiple gold, copper, copper-gold and gold-silver occurrences and prospects. The Strategic Venture Agreement has now been concluded, and exploration lands formerly covered by the agreement are included as two new Designated Projects: Northeast Haiti and North Central Haiti. Further, the Grand Bois Surrounding Properties Joint Venture, Haiti Northwest (previously Montagne), and La Miel Designated Project agreements have been amended to include additional lands not covered in the original agreements. In aggregate, EMX's exploration properties are now covered as seven Designated Projects (i.e., La Miel, La Mine, Grand Bois, Grand Bois Surrounding Properties JV, Haiti Northwest, Northeast Haiti and North Central Haiti).
EMX.v (EMXX) news... Ashburton to Be Granted Option by Eurasian Minerals on Cathedral Well Gold Property, Nevada
VANCOUVER, BRITISH COLUMBIA, Feb 09, 2012 (MARKETWIRE via COMTEX) -- ASHBURTON VENTURES INC. CA:ABR 0.00% (frankfurt:ARB) ("Ashburton" or the "Company") is pleased to announce that Eurasian Minerals Inc. CA:EMX +3.92% EMXX +4.60% has agreed to grant, through its wholly-owned subsidiary Bronco Creek Exploration, Inc., an option to Ashburton on Bronco Creek's Cathedral Well property. The property is located about 60 km southwest of Ely, Nevada, and south of the historic White Pine Mining District and consists of 167 unpatented federal lode mining claims (1,237 ha) on lands administered by the National Forest Service and the Bureau of Land Management.
Gold mineralization was discovered in the area in 1986 by USMX, which processed 1.1M tonnes of ore with an average grade of 2.1 g/t Au in a heap leach operation from 1988-1990 (Wilson et al., 1991, in Geology and Ore Deposits of the Great Basin, Geol. Soc. Nevada, Symposium Proceedings v.2, p. 687-700). The production is historical in nature and Ashburton has not verified the figures, and therefore it should not be relied upon. Mapping and sampling by Eurasian geologists indicate that alteration and gold mineralization extend beyond the historic workings, onto the western claims of the Cathedral Well property.
The bulk of identified gold mineralization and historical production in the area has been found in the Chainman Shale, near its contact with the underlying Joana Limestone. New mapping and sampling by Eurasian geologists led to the identification of additional targets in the lower Chainman formation host rocks across the property. A CSAMT survey on the western claims identified anomalies under cover, and several vertical holes drilled late in 2010 encountered favourable host rocks from roughly 40-300m depth before drilling was halted.
On the eastern claims, mapping combined with soil and stream sediment sampling has also identified gold anomalous areas with jasperoid development along the Joana-Chainman contact, several of which have currently permitted drill holes. Additional work in the 2012 field season is focused on identifying other targets for drilling later in the program. The Company will review geophysical and geochemical data, and new mapping around the currently permitted drill sites, to prioritize drill-ready targets for late 2012.
Regionally, the Pilot Shale that underlies the Joana Limestone has also been found to host economic gold mineralization such as at Alligator Ridge (operated by Barrick Gold Corp.) and the Pan project (held by Midway Gold Corp.). Locally on ground adjacent to the property, the Pilot shale hosts mineralization in a deposit discovered, but not mined, by USMX. The Eurasian geologists found similar alteration in the Pilot shale on the property, leading to additional drill targets that have been permitted for initial drill testing.
Ashburton President Michael England states, "Cathedral Well possesses several gold-favourable lithologic domains with the potential to host significant new discoveries. We look forward to working with Eurasian Minerals on the property and anticipate great results."
Subject to execution of a formal agreement, Ashburton may earn an initial 65% of Cathedral Well by paying Eurasian $40,163 on signing, incurring $5 million on exploration of the property, issuing Eurasian 1.45 million Ashburton shares over seven years and delivering a feasibility study, together with additional cash and share payments, in year seven of the agreement (all dollar amounts in USD).
The technical contents of this release were approved by Dr. Tom McCandless, P.Geo., Vice President, Exploration for Ashburton and a qualified person as defined by National Instrument 43-101.
Ashburton Ventures Inc. CA:ABR 0.00% is a Canadian-based junior exploration with active mineral programs in the Yukon, Canada and Nevada, USA.
Eurasian Minerals Inc. CA:EMX +3.92% EMXX +4.60% is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and under-explored mineral belts. Eurasian currently has project interests in ten countries on four continents, and generates wealth via grassroots prospect generation, strategic acquisition, royalty growth and merchant banking.
ON BEHALF OF THE BOARD
Michael England, President
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Ashburton Ventures Inc. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Ashburton Ventures Inc.
Michael England
President
(604) 683-3995
Good Post ... I guess you will see many of the BULM and PCFG crowd around here soon (BULM is a landlord of PCFG and thus a source of revenue for EMX).
Any thoughts on a possible EMX takeover of PCFG ?
Eurasian Minerals: Serious Potential For Mining Stock Mania
3 comments | by: Simit Patel February 5, 2012
Eurasian Minerals (EMXX) is a company that first caught my attention at the San Francisco Hard Assets Conference this past November. First, I observed the company was being recommended by many of the newsletter writers in attendance at the conference. Second, the company's representatives gave those who stopped by their booth a trillion dollar Zimbabwe currency note. In other words, they made me a trillionaire!
Here's the rundown on the company:
Eurasian Minerals is a prospecting company -- meaning they go out and find the big opportunities, and then get others to mine them. It's no secret that ore quality is declining and getting good mines is becoming harder to find. For this reason, I think Eurasian Minerals really has the right idea: a firm dedicated to prospecting may be a better value opportunity than a firm in the mining business itself. The prospecting business is largely about early-stage exploration using other people's money, and so I compare it to the venture capital sector of technology industries in that regards.
Eurasian Minerals recently got listed on the New York Stock Exchange. I'm not a fan of restricting one's self to investing only in US stocks listed on the NYSE -- in fact I think that is a rather poor strategy, commonplace as it may be -- but the fact that it is so widely employed is important to note, because it means those that do not have listings on US exchanges are cutting themselves off from a large supply of potential investor capital. I think Eurasian's recent listing on NYSE will help them secure additional capital in the form of share price appreciation.
To put things in perspective, Eurasian Minerals currently has a market capitalization of around 140 million. Earnings are still negative, as the firm as an EPS of -0.24. So, we can file this in the "high risk, high reward" category.
With companies of this size and negative earnings, balance sheet risks are always an especially big concern of mine -- I want to see that they have enough capital to sustain operations while remaining unprofitable for some time. And in this regard, Eurasian Minerals is doing well: the firm has over $44 million in cash and securities.
The firm has lots of properties in its portfolio, including mines in areas that are not your typical hot spots, like Romania and Haiti. So, there is sufficient jurisdictional diversification.
An especially important consideration for a firm of this size is who else is involved. Most notable is Newmont (NEM), one of the largest and most successful mining firms, who is a joint venture partner on a number of projects in Eurasian Minerals' portfolio. EMXX also has investment from the supranational institutions like World Bank and from notable private investors like Rick Rule. This interview between EMXX CEO David Cole and Steve Crowley is worth watching and covers some of the investors involved in EMXX.
Speaking of the the CEO, David Cole, has over two decades of experience in the industry, and comes from Newmont. So, the relationship with Newmont is strong. I like this very much and think it sets the stage for EMXX to find lots of great opportunities and call upon Newmont to do the heavy work of digging it out.
For the reasons listed here, I'm very bullish on Eurasian Minerals. This is a stock that I think has serious potential if we go into a mania in mining stocks. I plan to position myself accordingly.
Disclosure: I will be purchasing EMXX this week.
Merger news... Eurasian Minerals and Bullion Monarch Mining Enter into Merger Agreement
PR NewswirePress Release: Bullion Monarch Mining, Inc. – 1 hour 45 minutes ago
VANCOUVER, British Columbia, Feb. 7, 2012 /PRNewswire/ -- Eurasian Minerals Inc. (TSX-V: EMX; NYSE Amex: EMXX) ("EMX") and Bullion Monarch Mining, Inc. (OTCQB: BULM; FRA: BMJ) ("BULM") are pleased to announce that they have entered into a definitive agreement (the "Agreement") with respect to a proposed merger of BULM with a wholly-owned subsidiary of EMX (the "Transaction"). EMX has agreed to acquire all of the outstanding common shares of BULM for which BULM shareholders will receive 0.45 of an EMX common share and US$0.11 in cash for each BULM share held. The Transaction is expected to close in the second quarter of 2012 and the BULM shares will cease trading thereafter.
The combined company will hold more than 145 properties on five continents, as well as a currently paying 1% gross smelter return (GSR) royalty on several of Newmont Mining Corporation's operations and projects on the Carlin Trend in Nevada, including the Leeville mine and the Four Corners project. This royalty paid BULM more than US$20 million in the last six years and more than US$6 million in fiscal 2011 alone.
Following the closing of the Transaction, it is expected that BULM President James (Andy) Morris will join the EMX board of directors and BULM chairman and chief executive officer R. Don Morris will be appointed to the EMX advisory board.
Based on the consideration offered in the Agreement and current outstanding shares, the value of the total Transaction consideration approximates US$45.8 million and represents a 64% acquisition premium, based on 30-day volume-weighted average prices and average exchange rates through February 7, 2012. Although not free from uncertainty, the anticipated structure of the Transaction is expected to allow BULM shareholders to defer the majority of the United States tax effects of the Transaction until they ultimately decide to sell the EMX shares received as consideration.
The Transaction is subject to, among other things approval of the BULM common shareholders at a special meeting to be held to approve the Transaction. The Transaction is also subject to receipt of all necessary regulatory and stock exchange approvals and other customary closing conditions.
Officers, directors and certain significant shareholders of BULM have entered into voting agreements with EMX pursuant to which they agreed to vote the BULM shares beneficially owned by them (collectively representing approximately 44% of BULM's outstanding common shares) in favor of the Transaction, subject to the terms and conditions set forth in the voting agreements.
Pursuant to the Agreement, BULM is subject to customary non-solicitation covenants. In the event a superior proposal is made, EMX has the right to match such proposal, and in the event BULM's board of directors changes its recommendation or terminates the Transaction under certain circumstances, BULM has agreed to pay EMX a termination fee of US$4 million. In certain other circumstances where the Transaction is not completed, EMX could be obligated to pay BULM a reverse termination fee of US$1 million.
Important Information for Investors and Stockholders
This announcement is for informational purposes only and does not constitute an offer to purchase, a solicitation of an offer to sell the shares of EMX or a solicitation of any proxy, vote or approval. EMX will file with the United States Securities and Exchange Commission ("SEC") a registration statement on Form F-4 that will include a proxy statement of BULM that also constitutes a prospectus of EMX. EMX and BULM also plan to file with or furnish other documents to securities regulatory authorities in Canada and the United States regarding the proposed Transaction.
INVESTORS AND STOCKHOLDERS OF BULM ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Anyone may obtain free copies of these documents when available free of charge under EMX's profile on SEDAR at www.sedar.com and from the SEC at its website at www.sec.gov, or by accessing EMX's website at www.eurasianminerals.com under the heading "Investors" and from EMX directly by contacting Scott Close, Director of Investor Relations: (303) 973-8585. Documents will also be available at BULM's website at www.bullionmm.com under the heading "investors" and from BULM directly by contacting Joseph Morris, Director of Investor Relations: (801) 426-8111. EMX, BULM, their respective directors and certain of their executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of BULM in connection with the proposed Transaction. Information about the directors and executive officers of BULM is set forth in its proxy statement for its 2011 annual meeting of shareholders, which was filed with the SEC on August 29, 2011. Information about the directors and executive officers of EMX can be found in its 2011 management information circular dated July 19, 2011, which is available at www.sedar.com. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.
About Eurasian Minerals Inc. EMX is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and underexplored mineral belts. EMX currently has projects in ten countries on four continents, and generates wealth via grassroots prospect generation, strategic acquisition, royalty growth and merchant banking. Visit EMX's website at www.eurasianminerals.com for more information.
About Bullion Monarch Mining BULM is a publicly traded gold-focused exploration royalty company with additional interests in oil-shale technology. The majority of BULM's current royalty revenues are derived from a high-quality claim block located in Northeastern Nevada's Carlin Trend. BULM's portfolio provides for direct leverage to commodity prices as well as the exploration potential of world-class ore deposits. Visit BULM's website at www.bullionmm.com for more information.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release include "forward-looking statements" that involve a number of risks and uncertainties, and actual results or events may differ materially from those projected or implied in those statements. Examples include the parties' ability to consummate the proposed Transaction and timing thereof, the benefits and impact of the proposed Transaction, including tax effects to shareholders, the combined company's ability to achieve synergies and value creation that are contemplated by the parties, EMX's ability to promptly and effectively integrate BULM's business and the diversion of management time on Transaction-related issues.
These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "seek," "will," "may," "would," "should," "could," "forecast" or similar expressions. EMX and BULM believe these judgments are reasonable, but you should understand that no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial conditions of EMX, BULM or the combined company, due to a variety of important factors.
EMX and BULM caution you that you should not rely unduly on these forward-looking statements, which reflect their current beliefs and are based on information currently available. Neither EMX nor BULM undertakes any obligation to update or revise any forward-looking statements as of any future date. Additional information concerning these statements and other factors can be found in EMX's and BULM's filings with securities regulatory authorities in Canada or the SEC, as applicable.
The NYSE Amex, TSX Venture Exchange and the Investment Industry Regulatory Organization of Canada do not accept responsibility for the adequacy or accuracy of this release.
Newmont is going to buy Eurasian out sooner or later imo, it's incredibly cheap, not sure why the PPS is this low, market cap is not even $200 million...
http://www.eurasianminerals.com/new/Haiti.asp
Half way through wave 3 buying this on down wave 4 then ride the blow off wave five it will be unreal. I see $30 stock price before this bull market in gold is over.
Newmont Gains After Plan to Change Dividend, Raise Gold Output
By Simon Casey - Apr 7, 2011 8:22 AM ET
Newmont Mining Corp. (NEM) rose in New York trading after saying it plans to raise annual gold production to 7 million ounces by 2017 and link its dividend payment to the average sales price for the metal.
The 2017 output target represents an increase of about 35 percent over the company’s 2011 forecast of 5.1 million to 5.3 million ounces, Newmont said today in a statemnet before the start of its annual investor conference.
Newmont rose 53 cents to $56.98 as of 8:12 a.m. before the start of regular trading on the New York Stock Exchange.
Older but an excellent read...
http://www.resourceinvestor.com/News/2007/11/Pages/Hunting-in-Elephant-Country--Eurasian-Explores.aspx
2 points of interest
half the company is from Newmont and second Newmont is loading shares, see page 17 of the 2010 presentation...
http://www.eurasianminerals.com/i/pdf/EMX_Corporate_Presentation.pdf
Newmont's CEO mentioning Eurasians Haiti properties...
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