Zaruma Resources (ZMR)

[nellocat1]

i am buying Zarumas every day in Canada and Germany since some weeks already, small stakes at a time not to drive the pps.

I will pick up a lot more in the next weeks, because there will be major updates coming which will be very good for us.

The cash I made yesterday will be invested 80% there

dont forget to pick up some NUBV it looks like one of the next ones, if it goes up, take investment out at 3-4 and let rest run

[Scutum]

Sorry, I didn´t know. Hope we can get there some big money to invest in Zaruma. Zaruma is getting better everyday for a good entry, don´t think so? (very close to 200 MA support)

GLTY





"alea iacta est"

[nellocat1]

i am in that already

[Scutum]

Hi nellocat, I read your good session at FFGO, congratulations. Maybe you want to invest something on BLDV. In its IBOX there is plenty of DD about it. It is suppose to go to NASDAQ by Reverse merger!! Also, it looks that there is huge naked short position.

GLTY

[nellocat1]

I bought many more when we have had last dip

[cappttenron]

at least this stock looks like its going in the right direction compared to most cheap stocks.

[nellocat1]

Annual shareholder meeting is on 20th this month.

Expected final financing news in the near future.

Next results from new copper area Sappho Verde may be good and would bring a lot of fantasy for ZMR

I am waiting for a dip and in case I will add "some" more shares here

[nellocat1]

seems I am lost here... no support. But OK its Canadian Stocks and most US guys cant buy there or overseas...

We have had news and i will update the header today.

There was some people playing the PPS this week so we got a nice dip with a good entry point at 0.30 CAD. But already rebounded yesterday.

Seems that the gamplers already left Zaruma.

But there is an open 250k short position in today left.

So read headlines soon.

[nellocat1]

News should come out now anytime about the resource update

[nellocat1]

Zaruma is exploding as i said in my forecast.

NPV with copper at these levels is far over 0.70 CAD

So will be fun to see this growing all the time during production is prepared and in time

[nellocat1]

As I said 4year ATH and will go upto new levels. News expected for resource update next week

[nellocat1]

Zaruma is advertised in Germany´s thrid biggest investment magazin called Focus Money. They say that Zaruma is a very good buy for copper stocks which go into production so soon

[MoneyDee]

"In the middle of 2006, when CCU commenced production., they have had 150.000.000 shares at 2.85 CAD!"

well markets gone crazy that time, now we are in 2008 a much more defensive market for explorers as in 2006.

But i have to agree you that the stock price is a clear buy!!!!

Zaruma is going to be a producer, and thats all we are waiting for.

With copper prices on these levels and increasing lifetime of the mine we see these stock rising in the future!!

[wrkmq]

In the middle of 2006, when CCU commenced production., they have had 150.000.000 shares at 2.85 CAD!

- They have had grades much lower than we have seen in the drilling-results from Zaruma.
- They have singed very bad contracts (that killed CCU) instead of a one-year refund-contract ZMR signed with Glencore.

- They produced 19 Million pounds in the first year; ZMR is going to produce 72 million pounds over five years (this is going to be increased).

CCU has had a market-cap of about 430 Million when they started a mine with very poor paramters.



So, why should ZMR stay at 1 CAD (120.000.000 market-cap) when they start production in 7 months?????



I do see much higher prices



Michael

[nellocat1]

short time before LOL

[wrkmq]

oh, no no no no, we are NOT short

We are close to the resource update!

Don't let them panic, nello

[nellocat1]

we are short before resource update news!

[nellocat1]

You want to be assistant Michael to update IBOX with me? Guess you have enough time LOL

[nellocat1]

I will update the header today but all is on the homepage too

[wrkmq]

Still upmoving

Going to explode

I think we will see .50 easily this month

http://www.eresearch.ca/profile.asp?companyID=469

[nellocat1]

I post on wallstreet online in Europe.

But that is a german board. So if you do not speak German it will be hard to understand that.

Most important is that you read the last 2 filings at SEADR because most informations are in that files.

If you have any question then please ask it here and I will answer it.

We just started to go up. The train even did not leave the station. We are extremly undervalued here.

Expecting drill news from the last 7 holes. Then rest finance of around 7 Million USD by Glencore IMO. And latest mid May we get a resource update which will result in an increase of lifetime of this mine upto minimum 7 years.

NPV should be at over 0.70 CAD at a 3.50 USD average per pound copper future. Production costs at 1,30 per pound 7 years lifetime of mine.

Production will start end of this year IMO they are faster than they thought.

[gaining ground]

"This is not the major board I post at Zaruma"

Hello Nellocat1

I would like as much info as I can. Do you mind telling me where you post more info on this company? If you can't it's alright.

[nellocat1]

--Thanks for the summary. Looking forward to the finalization of financing and the new resource estimate. I think mine life is one of the issues holding Zaruma down.

YES AGREED ONE MAIN REASON

If they are doing leaching, they have to load up the ore, acidize it and then wait for the acid to do it's work before actually producing copper?

EXACTLY

Do you know if late 2008 startup means mining the ore, loading it on the piles and applying the sulfuric acid or actually producing copper by late 08?

NO FIRST COPPER CATHODE OUT EARLY DEC IMO

Do you know if Zaruma has secured their acid supplies?
GUESS SO BUT IS NOT CONFIRMED BY PAPER
Some mines are reporting shortfalls in production because of a lack of acid. This is a worldwide problem.
GLENCORE SUPORTS ZARUMA, SO THEY HAVE HELP, BUT I ASK

Bobwins

PS 90%???? Omigod! I have 20% in one stock but they are a producing energy company with profits and upside. ZMR is about 4% for me. My biggest copper position. Good luck!

I AM UP far over 100% already and I dont need that money for living

Nice WE for you

[Bobwins]

Thanks for the summary. Looking forward to the finalization of financing and the new resource estimate. I think mine life is one of the issues holding Zaruma down.

If they are doing leaching, they have to load up the ore, acidize it and then wait for the acid to do it's work before actually producing copper? Do you know if late 2008 startup means mining the ore, loading it on the piles and applying the sulfuric acid or actually producing copper by late 08?

Do you know if Zaruma has secured their acid supplies? Some mines are reporting shortfalls in production because of a lack of acid. This is a worldwide problem.

Bobwins

PS 90%???? Omigod! I have 20% in one stock but they are a producing energy company with profits and upside. ZMR is about 4% for me. My biggest copper position. Good luck!

[nellocat1]

that may be. There is no intention to be arrogant because I own this stock since a long time and bought and buy more all time.

It is fact that I am the only shareholder who visited Zaruma personally before I placed a PP.

This is not the major board I post at Zaruma. Problem with this stock is that Mr. Utter, the CEO does not support the US market at Zaruma. He does not want to support ZMRAF

T.ZMR is a fully reporting Canadian listed company. You can read all filings on SEDAR. We just got the annual and quarterly filings in which you can read in details about everything.

Next step is that the new calculation for the mine went up to 30 million USD. As Glencore finance only part of it we miss some finance here. So this month we will hear how they do it. By loan, by PP or whatever. My idea is that Glencore will give a loan and the secure it by hedging small part of its future coper production.

Second thing is that we will get drilling news soon from the last 7 outstanding holes which shall be the better grade holes stated Mr. Utter.

Third is that they did tests with crushing to only 4 inch stones instead of 1 inch. These tests were very successful and will reduce the amount of acid they need

Fourth thing is that they got bad news from the electricity company that they dont get enough electricity to produce the copper cathodes. This will be solved by using diesel engines and oil. That will result in an increase from production costs from 0.90 USD to 1.0-1.3 USD. At actual copper prices it is no big issue.

Fifth is that Zaruma stated that they expect to go into production this year in November / December. That is a very big point, because we expected the production in Q1 2009 and now it seems we will be faster

Sixths is that they will calc a new resource estimation after the last drilling news are out. This will result in an increase of lifetime of the LDC mine. This can be expected in first part of may.

Eights is that we will get new pictures on the HP soon from the next steps of mine building.

This is an open pit leaching and electrlysis winning copper mine then. Ramp up is NOT like gold mines. If they produce they produce....

I am invested with my family friends and myself controlling over 16 million shares now. Biggest holding from one person in that group is my girlfriend with over 4 million shares and myself with "some"

We have outstanding warrants at 0.16 CAD which are not excecuted to far but will be. I will not sell anything to buy it because the cash is already on an accont for that.

In case there will be any PP I will tyr to be part of that again.

The riscs in this investment are very low ... biggest point for me is that such a company named GLENCORE invested and supports Zaruma ... and I guess they will finance the rest soon. I expect no more dilution and even if there is any PP I will try to get most of it.

Zaruma is not a play for me, over 90% of all my money is invested in Zaruma. This is my life insurance.

IMO the PPS will be over 30 after drilling news, over 40 after increase of lifetime of mine and rest of missing money is financed.

The more we near production we will run upto 1 CAD depending the copper price.

If there are any questions feel free to ask them here. I guess most of it I can answer. And if not I can talk to the CEO and get the answers.

Have a nice WE

[Bobwins]

I assume some of your "arrogance" is simply the language barrier. You are at least bilingual while I can only speak English so I admire your ability to converse in more than one language.

However the tone of your posts in English appears fairly arrogant. To the extent that your posts discourage other people from posting, I think that is a negative for the board and in the long run for ZMR. You obviously have a vested interest in promoting the value of ZMR and I think open exchange of facts and opinions is the best way to do that.

I appreciate any factual information you bring to the board. I have already made my decision to own ZMR so I am just interested in keeping up to date on the company and it's project. Bobwins

[nellocat1]

sorry, I got one of your comments wrong. So I wondered about your statement.

Please take my excuse

[Bobwins]

There's no need for arrogance. IMO is the key in both our posts. If they can arrange non dilutive financing, great.

And please say all things correct.... what kind of BS is that?

This is a public board. I own shares in ZMR.v and can post my opinion. As time progresses, the facts will emerge and we will see who was more correct in their opinions. Bottomline, we want to make money. To the extent that these boards help exchange information and improve knowledge about ZMR.to, it is a positve.

"You are wrong in many things, but it's fine" Thanks for your kind comments! You are so wise and all knowing.

Bobwins

[nellocat1]

agreed we will be far over 1 cad in case coper stays over 4

[nellocat1]

Not correct. The aditional money will be by debt from Glencore and i guess that they secure it with a small part of hedging some of that copper.

There will not be any dilution IMO and even if it would be any PP here, I would be big part of that PP. But that would be stupid.

And please say all things correct. The tests from the 4 inch stones are positive and reduce acid and save one crusher workship.

You are wrong in many things, but its fine. Read the SEDAR filings both first. Then see the costs and why it will be more expensive. Copper is over 4 USD now. Calculate the cashflow they will have.

Production may start sooner in November already as you can read and that would be big. Additionally resources will be upgraded and lifetime of mine will increase.

I am adding shares every day since months....

[Bobwins]

I keep going back to Glencore. They are gigantic in metals. Why would they bother with this little copper project unless they see something BIG in the future. In addition, the numbers are dirt cheap and it's hard to believe this goes into production at these kind of prices. I think it will be in the .75-1.00 range in 12-18 months. Bobwins

[smoke]

Bob,

Ref:copper prices well above the price used in the study, with an expected increase in cash costs to between only $1.00 and $1.30 per pound copper, depending on the type of ore being processed. The increase in operating costs is quite small in relation to the increase in the copper price.

"Prices Well above original plan" is being overlooked apparently.

Maybe this one will be another Mercator (mlkkf)

[Bobwins]

Capital costs estimated at $30million versus 22million in original feasibility study. In addition operating costs are going to be in the 1 to 1.30 range versus .92. If ZMR has to finance another 8 million at .25, they will be around 155 million fully diluted. It might go higher because typically they have to issue .5 share warrant for every new share issued. I assume they are waiting until they get a firmer handle on costs before raising the money. Bobwins

TORONTO, April 1 /CNW/ - Zaruma Resources Inc. (TSX-ZMR) today reported that it had filed its 2007 Audited Consolidated Financial Statements, Management's Discussion and Analysis, and the Annual Information Form on SEDAR. The reports will also be posted on the Company's website, www.zaruma.com.
ADVERTISEMENT


Activity in 2007 was concentrated on the Company's wholly owned Luz del Cobre copper project on the San Antonio property in Sonora, Mexico. The economic feasibility study of November, 2006 was for a projected average annual copper cathode production of 15 million pounds. At a selling price of $2.235 and an operating cost of $0.92 per pound, the pre-tax net operational cash flow was projected to be an average of $19.4 million per year. At that time, proven and probable reserves within the optimized open pit shell and adjusted to a base case recovery of 70% of the copper in the oxide zone and 80% in the mixed zone, were estimated to total 4.4 million tonnes at an average grade of 1% copper, after dilution.

Additional metallurgical recovery testing in 2007 reported 85% recovery of copper after 30 days of leaching compared to the 80% recovery in the 2006 tests. The 2008 closed circuit column tests are nearly complete, with controlled acid flow replicating as closely as possible actual leach pad operating conditions. These tests are confirming that material crushed to only 4 inches and with a lesser application of acid, leaches as well as the material crushed to less than one inch. The leaching time is longer, but the requirement for secondary crushing can be eliminated, and acid consumption can be reduced.

Work was also done in April, 2007 on refining the block model of the ore reserves. Based on all available data, the result was only a marginal change in the proven and probable reserves, from 4.4 million tonnes to 4.3 million tonnes, with no change in grade.

In October, 2007 the Company signed agreements with a subsidiary of Glencore International AG, ("Glencore"), whereby Glencore undertook to finance $22 million of the capital cost to put Luz del Cobre into production. Subsequently, the Company awarded M3 Engineering & Construction, Inc. of Tucson, Arizona, the Engineering, Procurement and Construction Management contract for the project. Field activity started in November with the improvement of access roads to the site and determination of plant site, leach pad location and waste dump site. The project is being fast-tracked in order to be in production by January, 2009. Progress to date indicates that this target is achievable.

Approximately 30% of the total capital cost has been incurred or contracted for the supply of equipment, construction materials and services. Capital costs are exceeding the amount included in the 2006 feasibility study, and are currently expected to approximate $30 million. The sensitivity studies on the project demonstrate that the economic viability of the project is not particularly sensitive to capital costs, as the projected cash flow is strong, with copper prices well above the price used in the study, with an expected increase in cash costs to between only $1.00 and $1.30 per pound copper, depending on the type of ore being processed. The increase in operating costs is quite small in relation to the increase in the copper price.

In the immediate vicinity of Luz del Cobre, drilling in late 2007 and up to February 28, 2008 identified an extension of the Luz del Cobre copper mineralization to the southwest of the ore body and also found extensive copper mineralization in a new discovery, "Calvario", located 150 to 200 metres to the west of the planned Luz del Cobre pit. Previously reported (news release March 25), ore grade intercepts of oxidized copper from both targets will result in an increase in resources which can be processed through the Luz del Cobre plant currently under construction. Final assays for the drill core are expected in April, after which the resource at Luz del Cobre will be recalculated, with the firm expectation that the result will be an extension of the previously projected mine life.

On the exploration side, in the "Sapo-Carrizo" region, trenching identified a new copper exploration target at Sapo. Roads were cut at two elevations into the flank of the Sapo North Hill, over historic mine workings, exposing oxidized copper mineralization. Channel samples from the road cuts, although not one continuous channel, are believed to accurately estimate the grade along the intervals. Previously reported better intervals on the upper road include: 50 metres with an average grade of 0.73% Cu (20 samples); and 15 metres at an average grade of 1.95% (5 samples). On the lower road, intervals include 90 metres at 0.56% Cu (24 samples); 10 metres at 0.31% (4 samples) and 16 metres at 1.12% (6 samples). Exploration on this 1000 hectare property is being financed by Glencore on an earn-in basis.

Costs written off on the San Antonio projects in 2007 totaled $710,122 compared to $899,100 in 2006. Costs in 2007 were largely on the Luz del Cobre Project, where after July 1, costs attributable to the ore reserve expansion, or directly attributable to the mine development or project construction are being capitalized.

Corporate expenses in 2007 were $659,000 compared with $601,000 in 2006. The net loss for 2007 was $1,280,000 compared to $1,699,000 in 2006. Funds received through private placements of common shares and the exercise of share purchase warrants were $924,000 in 2007, compared to $2,798,000 in 2006. In the first quarter of 2008 an additional $606,000 was received from the exercise of warrants and options. The initial draw down on the long-term financing in 2007 was $1,970,000.

Zaruma Resources Inc. is listed on The Toronto and Frankfurt Stock Exchanges, (symbol: ZMR). Common shares outstanding: 115,937,247.

This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including securing additional funding to continue its development programmes.

For further information

Zaruma Resources Inc., 20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada, Fax: [phone], [e-mail], www.zaruma.com
Dr. Thomas Utter, President and CEO, Tel.: [phone], [e-mail]
Frank van de Water, CFO and Secretary, Tel.: [phone], [e-mail]

[gaining ground]

Thanks. Sounds very good.I'm patient and I know that we will have some up and downs till later. The recession should be over by the end of year if not sooner. Looking forward to the fall.

GG

[nellocat1]

its a senior explorer going in production. Expect the real increase of the pps 2 to 3 months before first copper will come out?

And that should be in oct/nov

Its a 5 bagger from here IMO

[gaining ground]

Why is there so much selling with the markets going up today?

[gaining ground]

Thanks for the info. I will start a position when I get my income taxes done. Hopefully it won't start going up before that.
thanks again for your time.

[nellocat1]

this is not a penny play you get all infos on www.zaruma.com

I own since a long time many many shares and I am stil buying because it will go up over 1.5 CAD IMO if copper stays at these levels or goes up.

At these levels you canh expect new drill results and many more news soon.

But that is NOT a short term game. Zaruma goes into production until january 2009. When they realized that then you will see a pps far over 1 CAD.

So if you ask me if this is a good entyr point i tell you 100% sure yes.

It is my major investment and i am very long in that.

All money i get out of pennies go into this stock.

If you have any question about zaruma feel free to ask me. I am able to answer nearly all questions

[gaining ground]

Hello, just noticed this stock today. Do you think this is still a good entry point? Seems like it went up alot already. Might have a pullback before the next run? Would like your opinion since you are looked on ihub as a smart investor.

thanks for you input in advance.

[nellocat1]

Zaruma is getting hotter and hotter. We see that stock starting last days and we hitted a new high today. But that is just the beginning

[also nwtrader]

Hello nellocat1, I send you an email just now, so you have my email address. I am still on Skype and will go there in a moment.

[nellocat1]

Hello,

thanx for responding here. Can you mail me to [e-mail]

Or can you please install skype?

Its free ... you can create a user there and then search me under username meisolle in skype and we go in touch directly

We can chat there with text directly or phone. This here is not fast enough.

I would like to talk closer with you.

Saw ISBL? funny again eh?

Dont forget to increase Zaruma Resources. I guess in US it is ZMRAF. Buy at Bid there because spread is too big. Zaruma is not interested in US exchange, so they dont report in US. But I would like to discuss some stocks with you

Regards

Joachim

[also nwtrader]

Hi nellocat1, I got your message on the MNTY board that you wanted to talk to me.

[nellocat1]

hmm are there warrants running out in Feb??? scratch, what did i miss, I guess that this is in May isnt it?

[nsomniyak]

Usually there would be if the stock is trading above the exercise price. WHat is the exercise price on the CS warrants, and what is the exact expiry date?

[copleybmt]

Do you think we might see a little selling pressure due to warrants expiring in Feburary?

[nellocat1]

Be prepared for drilling news soon. And they start with visible construction activities in January. We may hear a lot of things in the nea future.

[nellocat1]

My guess about Zaruma PPS

My guess is that this stock (70% of my actual portfolio) will stay between 0.16 and 0.2 CAD during the next months. Reason is that this happens many times if an explorer is going into production status.

There will be much more drilling news about the extention of the Luz del Cobre area to extend the mine lifetime.

Additionally we will get first results of Trion area, where the first holes are drilled.

Starting in January we will have the first visible preparations of the mining area. All is outsourced to a very experienced company M4, which is controlled by an experienced senior management team of Zaruma.

When these steps are going well and investors can see the positive developement of the mine, we can expect first institutional investors coming into our stock. This should be middle of the year 2008.

Assuming that the copper future will increase that may have a positive impact as well at that time.

Zaruma need to focus on the production in this step and to be in timeline with the plan. Very important to get all the additional payments from Glencore.

From my DD of Glencore I could find many successful projects from them. As a result of that DD I could see only successful projects in which Glencore invested money.

Calculating a 5 year minelife and setting a 3 USD copper future, we should goto 0.50 CAD middle of this year and step up to 0.80 CAD or higher until end of 2008 nearing the production of the first cathode.

This is the company I did the longest DD of my life, I discussed it with many many people and I have a lot of friends with me who invested and will invest more during the next upcoming months.

In total all these friends and me hold more than 10 million shares of this stock plus warrants.

Until today the newsletters did not notice Zaruma as an important opportunity for investments. That may change in 2008.

But if that happens it maybe that I will trade parts of my shares because I dont like this pumping and IMO it always comes back. only a question of time.

Hope that I could give some ideas...

Problem in US is that Zaruma is not interested in US market, because they report to TSX already and the CEO does not like to have more complicated reportings in US standards.

So it is hard to buyin for the US investors as the spread in US often is too big in Zaruma here in US. And Zaruma looks like a penny stock with no rules. But that is totally wrong.

Please have a look at Zaruma webpages at www.zaruma.com

Happy new year and a successful 2008 for you all

[copleybmt]

Nello will this come back and test support at .12?

[nellocat1]

I created a private Zaruma chatroom in Skype.

If someone is interested to join that, please send me your skype name. If you cant mail private please send that name to [e-mail]