"The economic data suggest that the economy is not tanking and inflation is not accelerating and that the Fed is not going to upset the apple cart," said Alan Levenson, chief economist at T. Rowe Price, referring to the Federal Reserve.

Posted by: Zeev Hed
In reply to: headman who wrote msg# 545903
Date:5/4/2007 12:29:45 PM
Post #of 545925

As I said in my last post on the market in general (the naz already run a good 15 points past my target...), we are close here to a local top, but do not expect a major decline, after a refreshing breather, I think we go to higher highs in the second half, maybe ven before the second half starts.

Thanks amfas,I think most will appreciate that.

I think the chinese economy will stay hot at least through the olympic games.

In 1923, Who Was:

1. President of the largest steel company?

2. President of the largest gas company?

3. President of the New York Stock Exchange?

4. Greatest wheat speculator?

5. President of the Bank of International Settlement?

6. Great Bear of Wall Street?

These men
were considered some of the worlds most successful
of their days.

Now,
80 years later,
the history book asks us,
if we know what ultimately became of them.

The Answers:

1. The president of the largest steel company.
Charles Schwab ,
died a pauper.

2. The president of the largest gas company,
Edward Hopson ,
went insane.

3. The president of the NYSE,
Richard Whitney ,
was released from prison
to die at home.

4. The greatest wheat speculator,
Arthur Cooger ,
died abroad, penniless.

5. The president of
the Bank of International Settlement,
shot himself.

6. The Great Bear of Wall Street,
Cosabee Livermore ,
also committed suicide.

However:
in that same year,
1923, the PGA Champion
and the winner of the
most important golf tournament,
the US Open, was
Gene Sarazen .
What became of him?

He played golf until he was 92,
died in 1999 at the age of 95.
He was financially secure
at the time of his death.

The Moral:

Screw work.
Play golf.

NPE = 60,480 acres of land
BQI ( amex ) = 23040 acres
NPE = 2.5 billion OBIP
BQI = 1.50 billion OBIP
NPE = 34M O/S
BQI = 175M O/S
NPE = 1.70
BQI = 3.05

sandtrap ...I am in agreement with BigPapa on your last post you forgot to mention that The extended Axe lake area alone has a OBIP of 1.5 billion barrels, the 3 townships in Alberts have 3.0 Billion barrels OBIP and the South axe lake area has 1.5 barrels OBIP that comes to around 6.0 billion barrels!!!

AND they have only looked in around 3% of their total lease that's why NPE trades where it does and BQI trades where it does.

Buy on Dips!

NPE
North Peace gets $7.04-million from warrant exercise

2007-04-16 16:21 ET - News Release

Mr. Louis Dufresne reports

NORTH PEACE ENERGY CORP. - EXERCISE OF WARRANTS AND COMPLETION OF DRILLING PROGRAM

All 9,396,000 outstanding purchase warrants of North Peace Energy Corp. were exercised effective April 10, 2007, the expiry date, resulting in the issue of 9,396,000 common shares at an exercise price of 75 cents for total cash proceeds to the company of $7,047,000. These funds will be available for the company's future capital expenditure program.

North Peace now has approximately 26.3 million shares outstanding (basic) and 34.3 million shares on a fully diluted basis. Management, directors and insiders own approximately 19 per cent of the basic shares and 26 per cent of the fully diluted shares.

North Peace has now finalized its winter drilling program with the drilling of two final stratigraphic wells on the company's land base in north-central Alberta. The company has now drilled and cored nine stratigraphic wells in the area and continues to evaluate data collected from these wells to complete an internal resource characterization assessment.

The results of the winter drilling program will be used to develop a capital expenditure program for the rest of 2007 and 2008. The company anticipates providing more information about its planned capital expenditure program in late May.

Chinas next media opportunity turns out to be ILVL.ob.
Advertising in taxis.
Probably another pump and dump.
I seem to recall a company that was going to make billions from shopping cart ads.I wonder if they ever made one mil.

ECU
Latest Developments

Since early March 2007 over 15 different analysts have ALREADY visited the site and Mike Fowler of Desjardin Securities has already begun coverage on ECU. That is a GREAT accomplishment by new ECU President, Stephan Altmann and the rest of the ECU team.

For those of you that have already visited the site, you know that once you see the mine and the stockwork zones, you can’t help but be very impressed. Thus far, the feedback from the visitors has been extremely positive and many have requested second visits so their mining engineers/geologists/ etc may take their entire crews on site.

Further good news is that according to my math, already over 3 million shares have been bought in the open market by funds since February. But before the brokerage houses really start telling and “pitching” the story to ALL and their BEST clients, they must perform their own due diligence on the company. That takes time and more than one visit.

We are being given ZERO valuations on our other properties

The market rolled its eyes on the GREAT results from San Mateo mine earlier this year. In a nutshell, ECU already feels San Mateo has the potential to be a robust separate mine in addition to the Santa Juana mine. They are currently drilling to test continuity at depth of known mineralized veins, but the general lack of interest in mining shares as demonstrated by the HUI underperforming gold and silver bullion in the last 6 months means that few investors are taking note. They will!

San Diego drill results have been nothing short of excellent thus far, but again the dearth of buyers generally in the mining sector has meant that the value has yet to be reflected in the share price

The company is also drilling the Chicago property and I understand that real great results are likely in the near future given the excellent surface work to date.

So the fundamental valuation just keeps increasing. When interest returns to the sector in general shortly, ECU should play catch up in an impressive way.

Other items

Why fewer Press Releases?---- The company has issued 8 separate PRs (many with outstanding drill results) since January 10, 2007 . The ensuing rallies never seem to last for long. While the company has reduced the frequency of issuing PRs, I honestly think it would have made little difference because of the shorting games/natural selling and the sector-wide consolidation going on.

Furthermore, people seem to forget that even at 'only' $2.50 CDN, ECU has a market cap of $575 million CDN on a fully diluted basis (FDB) and thus, unlike early 2006 when our mkt cap was less than $100 million, PRs that would have a much greater impact in the past no longer do in the current environment.

43-101---- The discovery of the Mineralized Corridor (MC) in the fall of 2006 had the company allocate all the equipment they had into the Santa Juana mine to start defining the ore body, which meant other areas had to be ignored for the time being. The work/effort/human resources/capital/time required for the completion of a 43-101 are more than most of us realize.

Right now, along with almost every other miner, ECU's greatest need is NOT to find more ore but to hire additional qualified geologists to integrate the EXISTING data on the resources already found. Shareholders must understand that there is a large gap in the timing between reporting the discovery of an ore body via a regular press release and being able to present extremely detailed data on that discovery within National Instrument 43-101 compliance requirements.

Not to get too technical, but just to upgrade the 'category class' of our last 43-101 numbers, a massive amount of new drilling had to be done to harvest the data needed to meet 43-101 compliance. Thus, instead of using these same drills to try to discover new resources, a great deal of resources are being allocated to putting holes in already known parts of the deposit to update the inventory into a higher status.

But this will pay off in spades since the more ounces we can show moving closer to the 'reserves' category, the greater value our 'in-ground' ounces will be given. For example, if ECU did nothing else over the next few months but to drill enough holes so they can have enough data to re-classify the entire 150 or so million ounces of silver per our last report (there was 98 million in the 'inferred' and 33-55 million in 'potential') into the proven and probable category, ECU would/should be given an in-ground value of about $5USD/ounce of silver, which would equate to a net asset value of around $3.75/share CDN on a FDB.

We should keep in mind that up until October '06 ECU had only 1 drill at Santa Juana that was dedicated solely to drilling new holes in an effort to discover new resources as well as gather data to upgrade existing resources.

I have no firm date when the next update will be, but what I do know is that many people have no idea just how enormous our TOTAL resource numbers will eventually be. But for sure it is going to take more than the next update to get to the 'astounding total' category

I feel comfortable that 500 million ounces of total silver equivalent (eq.) will be the minimum before all is said and done. But the company will need another 1-2 years of MASSIVE drilling to prove that out.

TSXb--- There are about 100 reasons for the delay, and about 99 of them HAVE NOTHING to do with ECU! But if I had to guess I would say before the Annual General Shareholders Meeting, we should be listed on TSX

My thoughts on where we are going

a) This past week, all the senior management of the company were in Mexico for the entire week, including Dan Kappes to formulate the development plan for the company, as the 'Santa Juana' mine alone is becoming a much larger deposit that is bigger than ECU ever imagined.

Drills have been turning beneath level 18 for weeks now, and although I am not privy to the latest data, I suspect that we should be hearing some very good results in the near future.

b) It is ONLY a matter of 'when' and not 'if' ECU will start getting full Bay Street coverage;

c) With each brokerage/institutional visit, the ore body will be better understood and respected and thus proper valuation will have to be given;

d) San Mateo is showing all the blueprints of becoming a separate mine with excellent potential;

e) Technically speaking, ECU's share price has closed down 13 out of the past 14 weeks and is way OVERSOLD on the weekly charts on almost every indicator. The weekly chart carries MUCH MORE weight than the daily numbers and thus I see VERY LITTLE downside risk from current levels. The consolidation is now defined by a box formation which has confined the stock price for over 12 months. It appears that the precious metals are about to launch major break-outs as reported by several analysts. This is likely to be the impetus to drive ECU up to challenge the top of the box resistance at $3.35 and blast it through it.

In conclusion, as frustrating as this base building pattern might be for some of us, the next major move for ECU is UP, and given the low sentiment reading I have been feeling from many loyal shareholders lately, some of whom have already begun 'throwing in the towel, I am confident that ECU will be just as rewarding in 2007 for us as it was in 2006 in REAL TERMS for those who choose to stick around a little longer and continue to hold leveraged positions.

SUBJECT: snippet from the cafe Posted By: PLAYER13
Post Time: 4/26/2007 09:06
« Previous Message Next Message »

He is not talking about clive but someone else...the ecb have sold 76 tonnes in the last 5 weeks...they averaged i think about 5 tonnes a month before this time frame...the last time they sold 5p tonnbes was last may when it dropped substantially...we went up 30 bucks this time..

I just read the latest piece on gold/silver from one of the popular technical analysts on the internet. His analysis basically says we're at a critical juncture for gold and he painted a fairly bleak short-term picture in regards to the COT numbers.

I sent the article and charts over to our friend Dan Norcini for his comments. I've deleted the analyst's name so as not to make this personal, but I thought your readers might benefit from Dan's response. Dan, of course, makes his living as a trader in Houston and contributes almost daily to Jim Sinclair's site as well. Here's Dan's take on this particular analyst's interpretation of the gold/silver charts and the latest COT numbers...
Derek

Derek-
I totally disagree with [this analyst's] conclusions. For one thing, his chart goes back only to 2006.

My work is posted every week at Jim's site where I do a thorough analysis of this, both in gross terms and percentage terms. Neither one shows anything near a peak. When it does I will make some minor comments about it since I do not believe in being a Trojan horse for the gold cartel like this clown does. He is symptomatic of everything that is wrong with the gold community – they spend their tim e looking for re asons for gold to collapse rather than to go up and yet all claim to be friends of gold. The gold cartel could not as k for a better set of friends. A pox on the entire worthless lot of them.

The one thing holding gold back right now is ECB gold sales – that is the ONLY reason it cannot breach $700. If the ECB continues dishoarding its gold at this rate, it will exhaust its allotment of sales under the W as hington agreement long before it is tim e for another year of sales. I actually view gold's ability to hold up under this barrage of official sector gold selling as quite remarkable. It shows how strong demand is right now. We might see some price setbacks as some longs get impatient, but any dip down in price is going to find eager buyers with the dollar threatening a collapse through major support.

We will need to see what the monetary authorities attempt to do on the currency front with the dollar and the euro since things are getting dicey for the dollar. The die is cas t, however, and the dollar is not going to survive at these levels for long – I actually am saddened to see this since it is my childrens' legacy that we are talking about here.

Gold is going upward through $700, then through $750 and will breach its all time high and frankly, people like [this analyst] will have only made themselves look like fools when all is said and done with their constant, never-ending, self-aggrandizing top picking.

Who the hell cares if gold sets back in price from time to time? Nothing ever goes straight up. You buy it on weakness and sell it on strength and play the game over and over again. You can tell those who actually trade for a living and understand markets and those who write newsletters and run after diplomas .

When I learn things such as China announcing that they are planning on using some of their $1.2 TRILLION in reserves to purchas e other assets including gold, why the hell do I need top pickers in gold??? Does [this analyst] have the leas t idea of how much money that is and the possible ramifications to the gold market? That kind of financial firepower will utterly and completely overwhelm the bullion banks. China is smart, however, and will use the morons in the West who are trying to knock the gold price down to buy all they want at lower prices.

The floor in gold just got set another notch higher. Use trendlines and oscillators and ignore everything else.
Dan

More on sentiment:

Could sentiment be any lower than it is right now? Assets in the Rydex precious metals fund (investor class which is the big fund) has declined every day since April 12th and is about as low as it's been in 2007, despite gold rising 5% since Jan 1. and the HUI index up 13% ytd. Was wondering if you could provide a Cafe sentiment update.

And is it any wonder sentiment sucks? In the 5+ years that I've been trading gold and silver futures, I've have never seen a capping campaign as aggressive as the one going on right now. I woke up at 5 a.m. Denver time to see June gold at 689.50 and rebounding from lower levels where I reloaded a few hours earlier before getting some sleep, and I also saw 100 contracts sitting on the offer at 690 (ecbot system). $700 has been capped since February and 695 has been capped since very aggressively since 4/16 (as proof look at the open interest expansion AND the ECB system sales).

I have to believe that China and India and the Arab countries accumulating physical gold are sitting back and loving life - laughing at western fiat-based central bankers. I would encourage everyone to sit tight on positions, because my instinct tells me that May could be very profitable for those who can stand the pain of stomach acid from the agitation of watching this horror and knowing the truth...
Dave in Denver

Anyone know what company they are pumping here?


Subject: China''s Next Big Big Media Opportunity!

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StocksJournal

Deploying the Fastest Growing Advertising Medium in one of the World's Fastest Growing Advertising Markets
Recent Share Price: $1.29; 12-Month Analyst Target Price: $5.97 Automatically sign up to receive the StocksJournal analyst report & regular updates on this exciting investment opportunity!
The Deal:
Company projects 25 - fold revenue growth to 2009 through out-of-home digital advertising in China
Company has already launched its proprietary digital media platform and secured an exclusive distribution agreement in Shanghai
2008 Olympic Games in Beijing and 2010 Shanghai Expo will generate significant spending in out-of-home advertising.
Company leveraging technology to generate multiple revenue streams.


The Market:
China's advertising market growing at 20 % per year.
NASDAQ media giant: Focus Media ($80.00 a share) aggressively buying up China based media and advertising companies.
The fastest growing advertising medium in one of the world's fastest growing advertising markets.

The world’s two largest platinum mining companies have expressed their concerns about the launching of platinum ETFs, saying they would put more pressure on prices and damage long-term demand growth.

UC.V
I am surprised that more has not been made of the surprising anouncenment that the mill capacity could be increased to 600 tons per day. I have gone through all of the previous press releases and nowhere did it mention a mill capacity beond 200 tons per day. Indeed, the company introduced this significant improvement in a very matter-of-the-fact way in the press release. So what does this mean. Well, I have always taken the view that the 200ton operation would generate 5 cents free cash flow. If we are now talking 15 cents free cash flow, a multiple range of 10-30 x would be appropriate.If we take the lower conservative value, we are talking about a $1.50 stock. This does not include production from its other projects or factors-in all its significant blue-skys expoloration. Clearly, this information firmly places UC into a low risk/high potential stock moving forward.

Excellent new indeed!!!

UC.V

IMHO, the news was very good!

At 600 tonnes per day the company would be looking at $24 million gross revenue every year. Works out to close to 30 cents a share gross revenue.

La Dura and other projects could push this company to over 1,000 tpd.
Company is significantly undervalued. This discounts the value of Copalquin, which is one of the largest land packages in Mexico and kicked out 50 ounces/tonne silver and 1.4 ounces/tonne gold over 5 metres at La Soledad.

We are on the right course - Patience!

UC.V
1) The throughput is going to increase. This will have the effect of lowering the cost-per-tonne of production. That will improve the overall margins because it is more efficient to run more tonnage through the same equipment on a daily basis. It will also increase the total production numbers, revenues, and cash flow.

2) The efficiency of the operations is projected to improve due to the infrastructure investment in new equipment. We are currently at 70% which is excellent for a tailings processing operation, but with the improvements they have brought in we will probably see those numbers increase. Again, this will have the effect of increasing production, revenues and cash flow.

3) Management has demonstrated that they are able to deliver results and run the operating side of the business, which is critical considering the cash flow from this mill will keep the dilution to a minimum in the future, to raise the funding for exploration work.

A final point that is worth noting, I have heard that the company is doing some met work to establish a higher specific gravity for the tailings, and they expect to be able to prove up a resource of about 400,000 tonnes of tailings. Even running flat out at 600tpd, I would estimate they could process about 200,000 tonnes in a year. That means we potentially have 2 years of production just from this one property. And the grade of these tailings are higher than the 'ore' that some other juniors hope to mine.

cheers!

COACH247

Is BQI headed for $2.75?
CALGARY, April 18 /PRNewswire-FirstCall/ - Oilsands Quest Inc. (Amex: BQI - News) announced today that it has agreed to terms of the previously announced private placement of its common stock to investors in Canada and the United States pursuant to certain exemptions from prospectus requirements (the "Common Shares") through a syndicate of underwriters. Oilsands Quest intends to issue 14 million common shares at a price of US$2.75 per share for aggregate gross proceeds of US$38.5 million. The proceeds will be used to repay debt incurred in conjunction with recently announced property acquisitions, for pre-commercial recovery testing and analysis, working capital and general corporate purposes. Closing of the private placement is expected to occur on or about May 1, 2007 and is subject to regulatory approval and the completion of definitive documentation. Following the closing, the Company will have approximately US$76 million in cash, which is expected to be sufficient to satisfy the Company's estimated exploration budget, planned pre-commercial recovery testing and analysis activity for the 2007/2008 winter program, eliminate outstanding debt, and fulfill working capital requirements until April 2008.

GGC
If I did hear I wasn't paying attention. Current run up is based on the excitement of the potential and the addition of key players to the team and a volleying for position if a new issue shows up. My understanding is they have analyst right now crawling all over the property. ( Did you know it is a paved road 100 miles straight south of Mexico city. You can drive right into the property. Hows that for access. ) Analysts probably won't report until the 43101 mid summer so a proper assesment can be made. When they do report it should be very big. Are you aware their claim is the size of a whole district, maybe 130 miles long?(guessing) mining has been going on since the 1400's and if you walk the property you need to brush the silver off your pants after. There mining this low grade stuff on the surface and generating $500,000 a month. Imagine three 800tpd mines on high grade. The numbers would be staggering. Now take a 50million max share float(33 mil today) held 75% by institutions and money people. There going about this the way investors dream about. Whatever piece you take 2-3 yrs from now, I suggest, you can look back with great satisfaction and a fat bank book. JMO

GGC
SUBJECT: RE: single digit share price will look cheap Posted By: kensin
Post Time: 4/17/2007 11:05
« Previous Message Next Message »

They have 7 drills turning and another on the way. They have core samples by the skid and by July when they release the new 43-101 the siver world will be on it's ear. There will likely be 3 full scale mines in play making them top 5 producer worldwide. They have $500,000 cash flow per month now with 2.5mil in the bank. Don't be surprised to see two financings one at about $6.00 and another around $8.00 with warrants 50% higher to generated 50-70mil over three years to put these mills in place. This is a big unfolding play with big money behind it. There will be a lot of millionaires made from this property

GGC
Drilling in the San Rafael underground mine area has extended the known mineralization down dip an
additional 250 meters and confirmed the presence of ore grade mineralization in a 700 by 325 meter zone
immediately adjacent to present mine workings. Of the holes completed in this zone to date, 77% have
contained grades in excess of 100 g/t eAg. The weighted average of these intercepts is 393 g/t eAg over
1.3 meters. The following long section shows the location of these holes relative to the existing workings.
Ramp and haulage development is currently underway in order to access this ore in the coming year.
The intersection in GDH-7, 1.5 meters grading 5.82 g/t gold and 45 g/t silver at an elevation of
approximately 1650 meters is extremely important. It pushes the prospective mineral horizon throughout
La Guitarra and the San Rafael areas well below elevations tested in the past. The silver:gold ratio in this
intercept is indicative of the upper portions of an epithermal gold silver depositional system further
enhancing the already large exploration potential in the immediate La Guitarra mine complex area.

STP, CLL,UTS,POE, BCF are other junior oil sand plays and I recall one other whose symbol now eludes me ( it trades in the $11 range ).

All of the above except UTS are SAGD oil sand plays.

SAGD oil sand plays....as PFM is.....are preferred over mining oil sand plays ( eg the bitumen is mined by shovel and truck much as an open pit mine ) as they are cheaper to capilatize, provide cheaper operating costs are are less environmentally intrusive and destructive.

Both CLL and UTS have made substantial moves over the past 1.5 years and both now carry a substantial market cap , a large part of which is future growth potential.

Both CLL and UTS are good value plays but they will trade sideways for a while until their development catches up with their market cap.

POE is a good buy but it too has a substantial market cap.

That leaves STP and PFM, which have modest market caps and still have the legs to move forward at a rapid pace.

STP has exceptional recoverabe oil densities, which is one of the reasons why I am aboard.

That leaves PFM as an exclusive ground floor SAGD oil sands play.

As I said earlier, get aboard while it is cheap..
UTS is a mining play

In the fall of 2006, STP was trading in the $0.70 to $0.80 range.
At that time it had just announced its acquistion of 80 % of 7100 acres of oil sand leases and had raised $10 million thru a equity PP.

Subsequently, that net acreage increased to about 11,000 acres and its first resource estimate was announced in early 2007, subsequent to seismics and a 12 hole drilling program.

PFM is now where STP was in the fall of 2006, having announced that it is changing to an oil sands junior and has already acquired 14,700 acres.

In addition to having more oil sand acreage, PFM is also ahead of STP.... as it was in the fall of 2006... for several reasons.

PFM has raised $11 million recently, with only $3 million of that from equity...the remainder came form selling about half of its existing production.
PFM now has only 36 m shares fully diluted, whereas STP had 53 million fully diluted subsequent to its fall/06 equity raise.

More importantly, PFM still has existing production of 170 boe/day of the sweetest crude. At current prices, that is grossing about $ 5 million annualy and from which it should be able to squeeze about $2.5 million in cash flow..enough to pay operating expenses for a full year for several years into the future.

At 5 times cash flow, that existing production would give PFM a valutaion of about $0.35/share..exclusive of its oil sands holdings.

That is, instead of trading at about $0.75.....where STP was last fall...it should be trading above the $1 level.

Consiering also that PFM has 17 million shares less than what STP had last fall, one can can at least another $0.25 to $0.50 per share ( 17 m shares at $0.75 would raise about $13 million or about $0.35/share ).

That is, PFM could trade in the $1.25 to 1.50 range and still be more than comparable to where STP was in Nov/06 ( is has more acreage ).
STP has tripled from that level, implying that PFM could be over $4 by this time next spring..more if they add more acrage.

This is not to say that STP is fully valued.
Far from it.

It is a superb buy , with strong gains coming in the next few months.
Myown 1 year target is $7.50 for STP.

As for PFM, load up at these prices.
They wont last

Anyway, thats how I view PFM and where it is likley to go in the short term..

So thats why it kept heading down today.Whatever the issue price is,thats where the price is going.

The resale, or the availability for resale, of the shares issued in the PIPE Financing could have a
material adverse impact on the market price of our common stock.

In March 2006, we entered into the PIPE Financing, consisting of a private placement of an aggregate of approximately 39.5 million shares and accompanying warrants to purchase an aggregate of approximately 19.7 million shares. In connection with the PIPE Financing, we agreed to register the resale of the shares of common stock sold in the PIPE Financing and the shares underlying the warrants issued in the PIPE Financing. The resale of a substantial number of such shares, or even the availability of these shares for resale, could have a material adverse impact on our stock price.

Certain material weaknesses have been identified in our internal controls.

Peterson Sullivan, PLLC, our independent registered public accounting firm has informed us that the following deficiencies in our internal controls constitute material weaknesses under Auditing Standard No. 2 “An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements” established by the Public Company Accounting Oversight Board:


• lack of independent directors for our audit committee;

• lack of an audit committee financial expert;

• insufficient personnel in our finance/accounting functions;

• insufficient segregation of duties; and

• insufficient corporate governance policies.

If we fail to maintain adequate controls, our business and results of operations could be harmed and we might not be able to provide reasonable assurance as to our financial results or meet our reporting obligations.

why?why?why?

have reviewed the recoverable oil reserves from 5 junior oil sands stocks ( STP, CLL,UTS,POE, BCF ) and computed their recoverable reserves per acre of oil sand leases.

Although not always stated, oil recoveries are estimated by these companies assuming SAGD production method, with typical oil recoveries ranging from 25 to 35 %.

UTS had the highest recoverable oil per acre at about 30 million boe per acre.
STP had 22 million boe per acre and that estimate will likley rise when the new 43-101 is updated in June.
BCF had 10 million boe per acre.

CLL had 5 million boe per acre , while POE had 4 million boe per acre.

The overall average was 14 million boe per acre.

PFM has about 15,000 acres of oil sands leases, implying that its recoverable oil will likley fall in the 60 million boe..at the low end...to 450 million boe at the high end...and a best estimate of about 200 million barrels of recoverable oil.

Net present value, discounted 10 %, tends to fall in the $1/recoverable barrel to $3 / recoverable barrel range.

For early stage reserves, the Resource Investor in its review of STP, uses $1 per recoverable barrel of oil sands reserves.

In other words, the net present value of PFM's oil sands reserves, once committed to 43-101 standards , would likley be in the $60 million to $450 million range, with a best estimate of about $200 million.

As these oil sands reserves move towards production, their net present value will appreciate considerably ,as they would then be based on a long-term cash flow basis.

The RI has done some illustrative calculations for STP, as to how its share price would look, once production begins in 2010.

Those calculations show just how impressive the upside would be, once successful production is achieved....the article can be reviewed on the STP bullboard dated approx 2 weeks ago.

Pat are you in now?Or still waiting for entry?

Yes,I think EGY is a relatively safe investment.I am impatient and looking for action.My switch to PFM.V could turn out to be a bad move.

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Time to–Buy:
Immediately!
"Expect lightning fast 300% growth in SOPO shares over the coming weeks!"
SOPO, already proven oil-rich in Canada, is also opening enormous reserve potential in Indonesia and North Africa.

This company is one of the best entry-level energy buys I’ve seen in a decade.
SOPO is set for explosive growth in 2007! Don’t miss out!

Production forecasts now being announced.

Big money is pouring in for new wells and exploration.

Reserve values could skyrocket this year.

Do your homework on Source Petroleum (OTCBB: SOPO) and get ready to call your broker!

I’m forecasting huge gains from SOPO this year. Get in right now before the market catches up.
To the Growth-Minded Investor:

Following the recent confirmation of a $217.5 million oil find in Central Canada, Source Petroleum is now trading at one-third of what it could be trading at in just a month or two.

You don’t have long to get in on this find.
Right out of the gate, I’m forecasting SOPO will be trading over $3.00 a share in 12 to 16 weeks. The market could drive SOPO shares that fast, yet even with the prospect of a quick triple…

I believe that SOPO shares could ultimately return 20 times your first investment if you get in now!

Let me start with the quick potential…

Are you ready to triple your money by mid-summer?
Source Petroleum (OTCBB: SOPO) has that potential now…and I predict that a soaring SOPO share price will rapidly close this entry level special situation.

You may already know that Canada has become ground-zero for new oil development. Successful entry level companies are creating fortunes for early shareholders.

Recently, Source Petroleum (SOPO) publicly confirmed its stature as an emerging international company with exceptional oil and gas assets in Canada, Indonesia and North Africa.

However, with the pullback in oil prices, the market has completely missed SOPO. It’s now flying off the radar.

Once SOPO is spotted, these shares could make fantastic gains for you if you get in now!
I love finding stocks like SOPO. Just add up their current oil and gas resources and you may quickly surmise that SOPO is a screaming bargain in today’s one dollar trading range.

This buying special situation won’t last long.
I see SOPO quickly rising to a mid-$4.00 trading range with many times that potential through next year. It doesn’t get more exciting than this!

Source Petroleum (SOPO) is a well-funded early-stage Canadian producer, in position for significant mid-year oil production and share price growth.

The company recently announced advanced progress for multi-well production from its Harmon Valley (Peace River) asset, one of Canada’s largest oil producing regions.

It also recently confirmed enormous acquisitions in Indonesia and North Africa as well as current annualized production targets that exceed 180,000 boe, just getting started.

The company also announced significant gas production figures from its Woking, Alberta asset, which is reported to be weeks from distribution tie-in.

Source Petroleum (SOPO) is already well funded with $7.55 million in the bank and has begun its drilling on known reserves.

In recently published documents, the company reports that its Harman Valley asset alone holds $6 per share oil in place reserves!

On top of all these company fundamentals, I believe the energy sector is working in your favor as well.

The timing could not be better!
We’re coming out of an oil slump, which has driven down energy shares.

Global oil politics have hit critical mass, a global oil war is imminent.

Premium stock prices are in store this year for companies producing in a “friendly” country like Canada.

Source Petroleum (SOPO) is at near-term production on some of the best new oil and gas producing regions in Canada and globally!

Remember, I said earlier, to get a shot at the kind of potential SOPO offers, you must get in early!

Early is right now! And the news you could see in the near term could quickly propel SOPO out of the $1 a share range.

Source Petroleum is currently drilling in one of the largest of all Canadian oil regions, hosting a stunning 9-billion barrels of oil!
If you want to make big money in energy shares, this is where you want to be today.

Keep in mind, this is NOT oil sands. Source Petroleum (SOPO) is targeting liquid oil that can begin flowing as soon as the wells are completed.

That’s why I’m so excited about SOPO. The company’s “cold flow” reserves flow out of the well without expensive extraction techniques.

It can pour into a barrel (or pipeline) and money can be made immediately.

That’s why I can forecast rapid growth in SOPO shares this year…starting right now!

SOPO: Surrounded by oil producing giants, yet overlooked on Wall Street!
As I see it, SOPO shares are grossly undervalued. And beyond the production potential, it’s also a market timing event that you should take advantage of today.

Three months ago, oil stocks got hammered. The XOI sector chart took a 20% hit on falling oil prices. Just about everything in oil dropped from December 11th, large caps and small.

Now is the time to get in on SOPO!
Since that time, big oil has rallied back, but smaller companies like Source Petroleum (SOPO) are just beginning their comeback. The Markets could soon be pouring into quality small-caps. With production and revenues forecast for mid-year, Source Petroleum (SOPO) ranks as one of the top prospects in a boom I’m predicting will get started this month.

The company’s recent news about its Harman Valley asset in Peace River verifies my assessment of a proven oil-producing region sitting on historically proven reserves.

The Harman Valley site could be producing cold flow oil and revenues this summer, earning as much as a $600 million working interest in the asset…

This is big news. Peace River is one of North America’s richest oil neighborhoods. Just a few clicks northeast, Shell oil is working a $2.4 billion asset. Also in the neighborhood is Batex, Pennwest and Black Rock. Big neighbors are a huge asset to SOPO shareholders.

There’s more! SOPO recently announced that its Woking Alberta asset is just weeks away from natural gas production.

In addition the potential for an oil-producing Harmon Valley (Peace River) asset, SOPO also holds a 37.5% interest in a known producing natural gas region in Woking Alberta.

The first gas well is already in pay zone and connection to distribution pipeline is projected to complete and begin producing by March 7, 2007.

Initial flow from this first site will be restricted to 500 thousand to one million cubic feet per day. Ultimately, engineers are targeting much higher output levels.

Production news releases sure to come this spring and summer could have a tremendous impact on SOPO share prices.
So, too, will America’s huge demand for energy.

With world oil prices rising…and hostilities rising with them…Canada will soon become America’s most vital energy ally!
Make no mistake, America MUST cut its ties to oil supplies from Venezuela, Iraq, Russia, Iran, even Saudi Arabia.

Recently, the highly respected “Investor’s Business Daily” published these prophetic words regarding Hugo Chavez’s dictatorial hold over Venezuelan oil:

“Chavez’s hostile anti-American dictatorship grows worse as his oil earnings pile up.” The U.S. daily buys “1.1 million barrels of Venezuelan crude each day.”

“The U.S. has been largely helpless, because it has few alternatives to buying Venezuelan crude.”

This is a situation that cannot be ignored.

These oil-rich countries hold enormous leverage over U.S. economy…and they’re using that advantage to wage war on the U.S. economy.

Our only weapons against a supply line is new production from North American reserves.

These developments will soon trigger an enormous shift of fortunes to Canadian oil producers.

The big gainers will be the small companies with significant near-term production potential. Expect skyrocketing valuations as companies like Source Petroleum (SOPO) soar from obscurity to front page news.

SOPO announces more oil and gas acquisitions
Source Petroleum recently announced intent to acquire 240 square mile in the McKenzie district of Northern Canada. This asset could add 1 billion barrels and 1 trillion cf of gas to SOPO assets. This is a stunning combination of balance sheet assets and in-ground resources.

On top of that, Source Petroleum locked in huge Indonesian reserves to its portfolio, a perfectly timed addition which coincides well with Australia’s growing crisis in declining oil production.

Research the facts yourself and you may quickly conclude…

SOPO is a MUST–BUY right Now!
Don’t expect this buying special situation to last long.

I believe Wall Street will be all over this soon…ending today’s bargain–buy almost overnight! Thankfully, I caught this early, so now is the time to get SOPO in your portfolio at an enormous discount to what could be its real value!

I hope you recognize the urgency of this. This is just a starting point that in my view can become a long-term bonanza. After all…

Oil and natural gas are in a secular bull market status that is turning up now after a temporary pullback.
Canadian oil producers are the largest, most promising source of new oil for America
SOPO properties are situated among the best of the best in oil and gas projects
Any shot at gains like these is worth serious consideration, especially when Source Petroleum (SOPO) is already well funded with $7.55 million in the bank and has begun its drilling on known reserves. Revenues should begin flowing as early as second quarter 2007.

I’m no stranger to finding stocks with triple-digit (100% or better) growth. My subscribers have made fortunes following my picks, posting growth like this:

1,955% on ETQ – 19 times your money
733% on Target Resources – almost 8 times your money
668% on MRB – 6.6 times your money
631% on SU – 6 times your money
580% on Ace Development – almost 6 times your money
402% on ANO – 4 times your money
332% on GLO – 3.3 times your money
I recommend you make your decision about Source Petroleum (OTCBB: SOPO) today. Just remember, should this stock take off like I think it will, you heard about it first from me!

Yours for Success,

John Myers,
Editor

P.S. For more information on OTCBB: SOPO - visit www.source-petroleum.com


What Others Are Saying About John Myers

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LAKE SUCCESS, NY, April 11 /PRNewswire-FirstCall/ - Golden Patriot, Corp. ("Golden Patriot") (OTCBB: GPTC - News; Frankfurt Stock Exchange: GPU) (the "Company") is extremely pleased to announce that a $210,000 financing has been completed. The funds will be used for the Company's cash flow needs as well as for exploration costs. Steven Goldberg, formerly of Technology Search Group, Inc., has been appointed as director. Steven brings over 15 years of sales experience and will help with the Company's investor relations as well as assisting with fund raising.

ADVERTISEMENT
Bradley Rudman, president of Golden Patriot states, "This is very positive for the future of Golden Patriot Corp; this financing was needed to keep our operations continuing on a positive path towards our goal of developing our Lucky Boy Uranium prospect into producing Uranium mine. Also bringing on a new director with the fundraising and investor relations experience of Steven Goldberg will add another strong resource to help Golden Patriot Corp attain its goals.

I sold my EGY on this" Cramer spike".
Switching into PFM.V.


Platform proposes name change to Alberta Oil Sands Inc. and announces significant acquisition of oil sands lands
3/26/2007
CALGARY, Mar 26, 2007 (Canada NewsWire via COMTEX News Network) --

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

Platform Resources Inc. (TSXV: PFM) announces that it will propose a name change to "Alberta Oil Sands Inc." at its Annual General Meeting to be held in May 2007. The company will focus on the exploitation and production of an in-situ Athabasca oil sands project.

The company also announces that it has accumulated, over a period of time, a 100% working interest in 23 sections (14,720 acres) of contiguous oil sands rights southwest of Ft. McMurray. Aggregate consideration paid for the lands was approximately $3.0 million.

The prospective oil sand zone on these lands is the McMurray formation, a sandstone layer deposited in an estuarine channel environment. The region has multiple large SAGD (steam assisted gravity drainage) projects in various stages of development, including production and is in close proximity to existing services and infrastructure.

Further details will be disclosed in future announcements.

Form 8-K for GOLDEN PATRIOT CORP

10-Apr-2007

Unregistered Sale of Equity Securities, Change in Directors or Principal Offi


ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES

Issuance of Shares of our Common Stock and Warrants

On March 28, 2007, we received funds from, and on that date consummated a transaction with, Clio General SA in connection with the subscription by Clio General SA for (a) 3,900,000 shares of our common stock at a subscription price of $.0538 per share and (b) warrants which will enable Clio General SA to acquire from us for a period of seven years from the date we issued those warrants 3,000,000 shares of our common stock at a purchase price of $.10 per share. As a result of accepting that subscription, in exchange for those 3,900,000 shares, we received from Clio General SA $209,820.00.

As Clio General SA is not a "US person" those shares were issued in a transaction which qualifies for that certain exemption from the registration and prospectus delivery requirements of the Securities Act of 1933 specified by the provisions of Regulation S. Accordingly, those shares are "restricted securities".

As specified above, those warrants enable Clio General SA to acquire from us, for a period of seven years from the date those warrants were issued, 3,000,000 shares of our common stock at a purchase price of $.10 per share. Additionally, the number of shares to be issued upon the exercise of those warrants is subject to adjustments in the event of the occurrence of certain events, which include stock dividends, stock splits, reverse stock splits, and granting of subscription rights or convertible securities. Additionally, in the event of such an adjustment, the purchase price of the shares of our common stock purchased upon the exercise of those warrants shall be adjusted.

Those warrants do not provide to Clio General SA any voting rights or other rights as our shareholder with respect to those 3,000,000 shares of our common stock.

We have agreed, in the event that we file a registration statement in connection with any public offering of our common stock solely for cash, upon the written request therefor by Clio General SA, that we will include in that registration statement, for registration with the Securities and Exchange Commission, those shares which Clio General SA may purchase upon the exercise of those warrants.

In May of 2005, ERHC Energy was awarded substantial percentages in 5 potentially prolific oil blocks in the Gulf of Guinea waters, located off the coast of Nigeria near the islands of Sao Tome and Principe.

Block 2 ---awarded 65% interest (operator, partnered with Pioneer)
Block 3 ---awarded 25% interest (partnered with Pioneer)
Block 4 ---awarded 60% interest (operator, partnered with Addax)
Block 5 ---awarded 15% interest
Block 6 ---awarded 15% interest

The nine blocks auctioned off in JDZ rounds I and II* are estimated to contain between 8-14 billion barrels of oil, and blocks 1, 2, and 4 are believed to be the richest. Notice that ERHC together with its joint-venture partners hold majority interest in blocks 2 and 4, meaning that ERHC owns potential reserves of 2-4 billion barrels of oil if the seismic and 3-D mapping reports are accurate (Note: this does not take into account the enormous amounts of natural gas believed to be located in this region, nor does it factor in the rights to 2 more blocks that ERHC will take full ownership of when the future EEZ round is conducted)

*There will be several future rounds in the JDZ as JDZ round I and JDZ round II covered only a small percentage of the previously disputed boundary between Sao Tome and Nigeria.

Chevron and Exxon-Mobil both won rights to block 1 in the first bidding round conducted in April of 2003. Chevron is the operator, and it should be noted their $123 million was one of the largest signature bonuses ever paid for the rights to one oil block. Chevron expects to begin a drilling program in January of 2006.

In blocks 2 and 3, ERHC Energy has partnered with Pioneer Natural Resources, a well respected drilling company listed on the NYSE which trades under the symbol PXD. Currently, Pioneer’s market capitalization is an impressive 6.6 billion dollars.

In block 4, ERHC has partnered with Addax Petroleum. Addax petroleum has just recently announced that they will be providing ERHC with a ‘full carry’ till first oil (meaning ERHC doesn’t have to pay any expenses until production begins). In addition to this wonderful news, it has recently been announced that Addax will not only carry ERHC to first oil, but they will also pay ERHC 18 million dollars and grant them a larger percent interest in block 4 than previously anticipated (26.67% vs. 21.25%)!

It has also been announced just a few days ago that Addax will soon be conducting an IPO on the Toronto exchange. It is estimated that this initial public offering will raise over $350 million dollars for the company, making it the largest common stock IPO that has taken place in Canada in over a year. This is significant because it reveals Addax’s desire to raise large amounts of capital in order to finance their African operations*, and undoubtedly, it’s JV (joint-venture) with ERHC has something to do with it.

*Addax Petroleum currently produces between 70,000-80,000 barrels of oil per day in all their African operations combined.

Also, Pioneer Resources has already made it quite clear that they will begin selling their offshore assets in the Gulf of Mexico and southern Argentina in order to focus on their onshore North American and onshore/offshore African operations. Pioneer has made this decision because it believes these opportunities to be “better aligned with the Company's current exploration objectives” (view link).

The Gulf of Guinea is gradually gaining worldwide recognition as it is thought to contain several ‘elephant fields’ (oil fields in excess of 1 billion barrels). In addition to the multi-billion dollar companies of Chevron, Exxon-Mobil, and Pioneer Natural Resources, this area has attracted the attention of several Chinese and Indian oil giants who are all desperate to satiate their energy needs. In fact, there is currently a bid-war going on between Chrome Energy (ERHC’s parent company), Taiwan’s CPC, and India’s Essar over the ownership of Nigeria’s largest oil refinery.

But before drilling can begin in blocks 2-9, the signing of the PSC’s (Production Sharing Contracts) must take place. As it now stands, the PSC’s for the 5 blocks offered in round 2 are likely to be completed before Christmas, with the possible exception of block 4 due to a recent change in operatorship. If this date is met without further delay, I expect the share price of ERHC to increase dramatically in the coming weeks, similar to its precipitous price rise in April of 2004. Only this time the price will reflect the actual results of the bidding round, and not just expectations, which were not met the first time around.

Long term, I rate ERHC as a strong buy, with a potential 10-20 times price appreciation by the time of first oil well production (est. 2010). This price-projection is based upon comparative market valuations of other companies that command similar oil prospects.

Short term, I believe ERHC offers incredible upside volatility, of which it may be wise to capitalize upon

Yep,I think you are right.Hope we dont have to wait too much longer.

ERHE

No error in print lowman. Proven reserves are valued at $5 per barrel as evidenced by the sale price of the nearby AKPO field. If ERHE comes in with its share at 1B barrels, it will be worth $5B, or $7 per share. Once the fields are developed the value goes to $12 per barrel, or $17 per ERHE share.

The cost of producing oil at these depths is extremely high, so oil in the ground is valued no where near street prices. The above numbers are accurate.

You are missing nothing, $251M market cap is strictly forward looking potential, but that potential is mind boggling. Big finds in its STPEEZ blocks could very easily make this a $30 stock or more. It may take 10 years to get there (LOL) but it really has that kind of potential.

As I said earlier, Ledbetter is seeking revenue producing properties to bring immediate value to shareholders. I'm not expecting much there though, the company doesn't have the financial means to buy anything of significance.

Posters on stockhouse board believe gold production will be delayed due to finance problems.They also believe there is good chance of bigger and better ore under their proven reserves.

Attn Zeev
http://www.elitetrader.com/vb/showthread.php?s=&threadid=91286&highlight=cancer

hey have $8.9 billion worth of minerals in the ground.

With a market cap of $83 million, U.S. (With $25 million, U.S. cash in the bank!)

Dividing the resource value by the market cap, that's leverage of 100 to one.

But unlike most other highly leveraged stocks, the ore is very high grade rock, it's not like your typical $50/tonne low-grade, bulk-tonnage projects, like Novagold, Mines Management, Northern Dynasty or Northern Orion (no offence to those companies).

Instead, their rock is worth over $700 per tonne!

They need to raise about $80 million to finish the mine.

And they could pay back that capital in about 6 months of profits from the mine.

So, the stock has a forward-looking P/E ratio of about 0.5, less than one.

This year, the company is planning to spend $8 million U.S. on further exploration.

In 2007, after further exploration, they plan to complete a 43-101 resource, to upgrade the former historic resources I just shared with you.

They also plan to finalize a mine plan. And then, in late 2007, apply for a mining permit, for the first time. The company has already secured 5 permits, and has never been turned down for a permit. Many people have complained about permitting being a huge problem and issue for this company, but mining just takes a lot longer than people think.

After all, it was barely 3.5 years ago that this company had no cash, and was running on fumes, and when base metals prices were at all time lows.

See Lawrence Roulston's wonderful article, "Economic Theory Meets the Real World" from March 29th, discussing the big picture with regard to base metals prices and why this bull market will last a lot longer than many of the popular pundits think.
http://www.kitco.com/ind/resopp/mar292007.html

Here's some further details:

CANADIAN ZINC
Symbols at Yahoo! Finance: CZN.TO CZICF.PK
http://www.canadianzinc.com/
Toll Free: 1.866.688.2001

Share Structure:
107,590,212 shares outstanding
16,775,493 warrants and options
124.4 million shares fully diluted

@ $.78/share Cdn x .86 US/Cdn = $.67 US
$83 million Market Cap, USD, fully diluted

$29 million cash, Cdn, no debt. ($25 million, U.S.)

(About $80 million needed to finish mine construction & start mining)
($100 million worth of mining infrastructure already in place!)

CZN has a historic resource of 70 million ounces of silver. (IN ZONE 3 only!! of 12 zones! Their 18 year mine plan consists of zone 3 only, but there are 12 mineralized zones on the property.)

Silver Leverage:
$83 million Market Cap / 70 mil oz. = $1.18/oz.

70 milllion oz. x $13.50/oz. =
$945 million
/ $83 milion Market Cap = 11.

You get "approximately" 11 ounces in the ground for 1 oz. silver's worth of stock.

This was the mining operation set up by the Hunt brothers, the major silver investors in the silver spike to $50/oz. in 1980 who were bankrupted by their own debts and margin calls as a result of the COMEX rule changes and silver short sale manipulation. The Hunts spent $50 million building infrastructure to build the mine. They were 90% complete when bankruptcy hit. The value of those buildings is now perhaps over $100 million, and the mine only needs about $80 million, roughly, to get the mine up and running. That's much cheaper than other cost estimates of other operations.

CZN has very high grade ores!:
12.5% zinc/tonne x 2200 lbs/T = 275 lbs. zinc/T x $1.59/lb. zinc = $437/tonne for the zinc.

10.1% lead/tonne x 2200 lbs/T = 222 lbs. lead/T x $.89/lb. lead =
$198/tonne for the lead.

6 oz. silver/tonne x $13.50/oz. = $81/tonne for the silver.

0.4% copper/tonne x 2200 lbs/T = 9 lbs. copper/ton x $3.10 /lb. =
$27/tonne for the copper.

What's their rock worth?
Total: $742/tonne! (Assuming full recovery rates, which will be somewhere less than 100%, perhaps about 85%.)

Total resource base valuation:
With 12 million tonnes x $742/tonne, CZN has about $8.9 billion worth of "historic" resources. (Measured, indicated, and inferred, historic.)

Leverage: $8.9 billion / ($83 million Market Cap - $25 million cash on hand + $80 million Capex needed to build the mine) = 8,400 M / 133 M = 64.

That's leverage of 64 to 1. The value of the metals are worth 64 times more than the market cap and capital costs not yet raised less cash on hand.

With a mine life of 18 years, that's not bad.

(At our online spreadsheet, we discount a lot of the resources for CZN, since they are not truly 43-101 compliant, but are historical resources, so we count about 1/2 of them. Further, the spreadsheet gives a further penalty for a mine life longer than 10 years, since it takes time to realize all the profits of the resources.)

Expected annual production: 100 million lbs. of zinc & 4 million ounces of silver.

Expected cash costs: The scoping study is from 2001, which showed they could be profitable at $.50/lb. for zinc.

Expected profits: Assuming that silver production can be more than enough to pay for costs, at $1.50/lb for zinc, they can earn up to $150 million per year or more. (This is my rough, low estimated number.)

Forward projected P/E ratio, if they raise capital through share dilution at present stock price of $.80/share:
($83 million Market Cap - $25 million cash on hand + $80 million Capex needed to build the mine = $138 million) / $150 million = 0.92.

Forward P/E ratio: 0.92! Less than one!

(And the crowd cheered!)

Technical timing: The stock has repeatedly bottomed out at about $.50 to $.60 Cdn/share over the last few years. Peaking from $1.50-2.00/share.

People ask me, "Jason, why don't you tell us about these stocks at $.50/share?" Good question. Answer: Because I was the one furiously buying at $.50/share. In fact, I bought CZN up to $.80 just this week.

There was a recent financing from 4 months ago that has come free trading last week on March 23. Just under 7 million flow through shares were issued at $1.25. Thus, the stock price has likely just bottomed out. There is no further overhang of stock at the present time, all stock issued is free trading.

JERRY OLSON'S
"POINT" OF VIEW NEWSLETTER
DATED APRIL FOOLS DAY 2007
THE TENACIOUS BULL DOG

Hello out there all my cyber trading friends from around this planet. I got the flu shot in Nov 2006, big deal! This past 5 days has been a battle with germs....they won handily. I took so much medication I looked like a prescription in a bottle myself. What a battle it was. As of this writing I cannot eat, feel nauseous and actually I lost a few pounds so there is one good thing that came out of this bacterial monster fight. I hope I can trade next week I certainly will be in the room since I do feel a bit better. I'm hangin in there folks.

Look I've been on this earth for 65 years gonna be 66 on the 23rd of April. I've been in the markets for 30 years but over the last 10 I have seen and heard and done a lot of things. One thing I did learn was to look for "Tells" in the market signaling to me something underlying this market has a different feel to it then before. Ok let's kick the tires for a bit. We have crude oil heading for $70.00 very soon, Iran is at the forefront again creating angst in the whole world, Ben B clarified the Fed is hawkish on inflation and their bias is toward that end he said so in actual speaking terms last week. The housing debacle is getting worse so it seems, at least that's the perception out there, I think it's bottoming as we speak based on my own situation. And yes there are a myriad of "other" market noise out there weighting heavily on the streets thinking right now.

So I ask everyone of you right now, why are we not crashing and burning by 1000-2000 points on the DJIA and 200-400 points on the NAZ etc etc etc? Why is it NOT happening? I mean folks we are all traders, we hear and read all this constant "negative" news stream every single day ad nausea, it just never stops right? So what the heck is going on huh? Well for one thing the recent quick sell off post Greenspans blurb, or maybe a better word for it would be belch, about a recession later this year making the markets correct world wide had nothing to do with the internals we were simply overbought for too long period.. The economy looks okay right now moving along at a moderate 2.5% GDP with very low interest rates so I do not see the R word as practical for the country. Jobs are still being created, personal spending and income we're up double as of last weeks reports, that does not signal recession to me. So what we have here is "The Tenacious Market" that refuses to quit. Being bullish for me is easy. I was born under that sign, and I live that way all my life good or bad times. The Bull Dog in me and this market makes me even more crazy than I usually am because the bearishness is rampant out there right now, what with investors sentiment at levels where good rallies start from, and CBOE P/C levels using the 21 day moving average is almost 1.17 at historically high levels of pessimism, and really why not?

Everything looks like it's going to explode out there, War with Iran, Oil prices to 100 bucks barrel, rising rates again, heck you name it's lurking out there. But damn if the contrarian in me is saying we are going higher right now and probably starting this week. Look they could have sold off this market sending it reeling into the abyss, but for some reason it refuses to go away right here and now. I'll show you all the charts, I'll explain what I'm seeing on all the index charts, but more importantly it's the bullish percent charts on P&F, the supply and demand, that have me thinking we're going higher fast. There are a vast amount of shorts in the market right now that can and will light this candle like we've never seen before. On top of all this action is the real McCoy part of the year and that's beginning of the quarter mark up and buying time, plus we are heading into what I think is an underestimated earnings season that going to have surprise after surprise as we embark on those reports and with upside guidance. I love this market right now, and will not change one hair on my head until and unless they wipe the smile off my face.

The TELLS in this market are as follows. The NYSE Bullish percent had a recent correction down from 74% in Feb to 62% at the bottom of this move and now folks this indicator, this big boy on the block is just a mere .64% away form a reversal back up. You remember me writing about the fact that the BP"s were not going down any more they were showing traction even though we made price lows on all the charts of the indexes? We'll now they're starting to move higher here with, and this will really get you to sit up and notice, the NDX BP leading the way? Once the laggard of all index BP's it's now the leader. IN fact the SPX BP is only 1.58% away from a reversal back up too. So if I'm right we are in for a surprise rally like you have never seen before. So hang on to your hats everyone!

By David J. DesLauriers
03 Apr 2007 at 09:58 PM GMT-04:00


TORONTO (ResourceInvestor.com) -- Your correspondent has twice covered Gold-Ore Resources [TSXv:GOZ] in the past year, and each time the story has improved. GOZ closed today at C$1.02.

Despite a doubling in share price since the first and second commentaries each around the 50 cents mark, we continue to believe that Gold-Ore could deliver multi-bagger returns over the next 12 months as the company enters commercial production at its Bjorkdal mine in Sweden.




Part of the reason is that nobody is on to this compelling story yet - to our knowledge we are the only writer following Gold-Ore, and the institutions have yet to step in meaningfully.

We are of the opinion that this is about to change, and recent aggressive buying and volumes suggest to us that some institutions are now coming into the play. We would expect that brokers and other analysts will also start to catch on, as this is a very attractive story with multiple components.

A Cash Flow Story

In a press release “Bjorkdal Gold Mine-Internal Engineering Study” issued today, Gold-Ore gave guidance on where costs will come in for the underground mine envisioned at Bjorkdal which it is believed could achieve production of 75,000 ounces of gold per annum.

Assuming $675 gold, two main factors contribute to our cash flow analysis: grade and potential for share dilution (albeit minimal).

If grade surprises to the downside, and if one also assumes that GOZ will need to raise another $5 million before production, we would see, on a fully diluted cash flow basis, something in the neighborhood of 25 cents of cash flow per share.

If grade surprises on the upside (drill results indicate that the 5 g/t number GOZ is using is too conservative), and if the company can finance the $5 million CAPEX through the exercise of existing warrants at $1, the bulk of which are in very friendly hands, we see cash flow on an outstanding basis as being closer to 45 cents per share.

The reality probably lies somewhere in the middle, which given a standard junior gold production multiple of 10X cash flow would put GOZ at C$3.50 per share within 12 months.

A Growth Story

Plant capacity at Bjorkdal is in the 3,500 tonne per day range, or more than double that being utilized by the company under the current plan. Vein mining is not an easy business in terms of generating huge tonnage day in and day out, but given the geological patrimony of the area and the geological prowess of management, we believe that Gold-Ore can build enough tonnage to support more working faces.

Therefore there is a probability that say 18 months into production, or some time in 2009, Gold-Ore could decide to embark on an expanded development plan which could see production rise to the 120,000+ ounce per year level, financed totally out of cash flow, and resulting in the added boon of falling unit costs.

So there is a growth story here, which could in fact double the algebraically demonstrable 12-month potential share price of C$3.50, adumbrated above.

A Reserves Story

As reported in our GOZ story linked in the introduction and published in late August 2006, the size of the target that Gold-Ore is working on, and the potential of the system at depth has led the company to conclude that Bjorkdal has a 2 million - 4 million ounce potential.

Of course that takes time to develop, but if it can be successfully demonstrated, this play goes from a 10-year mine life to much more, and takes on new dimensions. Keep in mind that this a theory developed by a team whose collective resumé boasts the successful discovery of several multi-million ounce deposits, from the grassroots stage.

Conclusion

In the final analysis, Gold-Ore possesses all of the ingredients that one looks for in a near-term producer. In no particular order these include:

Infrastructure present and costs already known;
Almost no country risk;
Great management team;
Price will rise because this little known story still has yet to be discovered;
Miniscule CAPEX relative to similar plays means very little or no dilution between now and cash flow;
Existing infrastructure means very short time frame to production;
Levered to the rising gold price environment;
Cheap on a future cash flow multiple basis;
Ability to use cash flows to grow production beyond initial target rate;
Potential for multi-million ounce reserves at property.
For these reasons we see GOZ as a minimal downside, multi-bagger situation with a target price of C$3.50 per share within 12 months, and potentially double that within 18-36 months if either the growth story pans out, the reserves story pans out, or the price of gold goes for a run.

Thanks for posting that link.Not sure if there is enough there to get someone to bet money.Would be nice.