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I guess I have personal experience here. I prefer CC who has a track record of creating lasting value, BR doeesn't.
CC selling? I hope he does.
INM volume was 26K, not hugh but then there was almost no bids under .90 . Let's hope that it was weak hands.
let's see what tomorrow brings.
I sold the remain MUM, now that there is a question mark over Nickel.
Interesting Ni comment.
LME nickel ended the day at $5.73/lb.
* Confusion in the press surrounds the deal announced 2 weeks ago about Norilsk Nickel's offer to purchase 20% of a South African gold field. At first, the Russian government had no comment about why they hadn't been asked to approve such a deal, now they are investigating it. Norilsk had announced that Citibank had loaned them $800 million dollars with no collateral required, and then Citibank advised they had taken a 50M/tonne nickel stockpile as collateral. This type of stockpile, unreported before now, is making nickel traders very wary about what the true level of nickel deficit is facing the world. It is believed Norilsk, usually very secretive about their nickel operation, originally denied the Citibank report, in an attempt to keep nickel prices up. As the world's largest producer, Norilsk has the most to loose by faltering nickel prices.
* Norilsk announced today it will not increase production of nickel this year. The statement is sketchy about surplus levels, which Norilsk has been known to keep, and therefore, it is unknown how this statement will affect LME prices. While most analysts still predict a production deficit in 2004, recent moves on China's part to slow their economy down has helped bring nickel pricing down from its earlier high's (although current prices are much higher than this time in 2003).
* LME nickel opened lower than its Friday close, selling at $5.85/lb.
INM news out shortly (tomorrow?) but looking at the bid action (at one point .61) results might disappoint.
Hit a nerve? True CC promotes, but I perfer CC because he holds though to the results. Bob openly admits that he doesn't.
Yes I talk to MP also and can concur that he is looking for more trench sampling that he can show the market on 4/5 weeks time. Depending on results, there after he will have to a PP or a JV (he said that Newmont were interested).
He missed a chance to do the PP at .50 and was kicking himself. He needs a 1 million to do the drilling.
I side with CC for moment, Bob is an ace promoter. Had it reached .25 I would have bought though, now I will wait.
CC's comment on GYD
To:Brumell who wrote (6837)
From: Claude Cormier Thursday, Apr 15, 2004 11:01 AM
View Replies (1) / Respond to of 6843
A very interesting project indeed. I had a chance to talk with Marc prefontane who is a very nice guy and understand the potential of La India.
I would just like to see a better capital structure. Already 38 millions shares fully diluted (30M out) with very little cash to drill. The exercise of the 8M options and warrants would give some $1.5M to the treasury, but this can't happen unless the stock goes much higher.
So I am not sure if they will have enough money to drill a few holes this year. But if they do and they hit only one good hole, that should help the stock price and facilitate financing. Otherwise, expensive dilution will have to take place.
What do you think?
Just fingered quickly through it.
Interesting.
Thanks for both.
ORM Broadcast.
http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.ORM&edition=April2004
Thoughts on GRAYD Resource? Chart is starting to look interesting, well at .25 .
Can someone tell how to post a chart. Thanks.
Just do as I do, don't inhale.
Mine was already beaten to a pulp. More or less the same.
Are you serious. LOL!
Western Silver Corporatio Quick Quote: WTZ 7.47 (-0.81)
Western Silver Completes Pre-Feasibility Study on Chile Colorado Zone at Penasquito
4/13/04
VANCOUVER, British Columbia, Apr 13, 2004 (BUSINESS WIRE) --
Western Silver Corporation (AMEX:WTZ) (TSX:WTC) today announced that an independent pre-feasibility study has concluded that the Chile Colorado zone contained within its wholly-owned Penasquito silver-gold-zinc-lead property in central Mexico can be mined dw
economically at an after tax internal rate of return (IRR) of 15.3% based on 100% equity. Payback of initial capital investment will be realized in 4.9 years.
more...
http://biz.yahoo.com/bw/040413/135888_1.html
nice close on ORM. Phew. EOM
Hey don't label me bad!!!! teee hee.
Sometimes you find bales of the stuff floating in the canals. They get dumped by cannel boats being chased by the politi canal boats. Each going about 10mph.
On a good day you can get loads of INM for each bale you find.
Sold some shite and bought some more INM.
hmmm, unless I misheard him I am sure he said 5000g/t. Maybe it is in the 520g/t sections.
Market reaction muted. Not the best day to release Ag news.
Interesting to note where hole 18 is, not on the middle but on northeast side. Either a lucky hole or the deposite is much bigger then they thought.
http://www.oremex.com/i/maps/cp-zone-2004drillprog.gif
Oremex intersects 4.12 ounces of silver per tonne over 485 feet at the Tejamen Silver property, State of Durango, Mexico
Tuesday April 13, 8:45 am ET
TSX Venture Exchange: ORM www.oremex.com
VANCOUVER, April 13 /CNW/ - Oremex Resources Inc. (TSX VEN:ORM) is pleased to announce excellent drill results (see table below) on its Tejamen Silver property, located in the State of Durango, Mexico. Recent drilling in the Cerro Prieto zone indicates a much larger and higher grade deposit than was originally envisaged by management. Wide intersections (up to 485 feet) in each of holes 13, 18, 27, 28, 29 and 33 exceeded 3 ounces of silver per tonne.
Drill hole 18 intersected silver mineralization from surface, and bottomed in similar mineralization at 656 feet (all of the holes were drilled at an angle of 60 degrees from surface), with the thickest intersection being 485 feet grading 4.12 ounces of silver per tonne. Another intersection in hole 18 assayed 5.53 ounces of silver per tonne over 20 feet.
To date, 8 "fences" of holes (with each "fence" being 50 meters, or 164 feet apart) have been drilled perpendicular to the strike of the mineralization. Along the fences, holes have been drilled every 30 meters (98 feet). The better intersections to date have been encountered in the last couple of holes drilled on the eastern end of each of the fences, resulting in the deposit being wide open to the east. In addition, the deposit is open along strike in both directions.
The Cerro Prieto zone is one of two silver zones identified to date on the Tejamen property. Drilling on the second zone (El Manto) has commenced, and will initially focus on "twinning" previous holes that generated high grade intersections (including one of 22.7 ounces of silver per tonne over 52 feet).
Oremex has an additional five properties located in Mexico, on which exploration programs will be undertaken during 2004.
Following are some of the recent apparent drill intersections on the Cerro Prieto zone - please see a drill location map on the Oremex website at www.oremex.com
-------------------------------------------------------------------------
Drill Hole No. From - To Interval Silver grade Interval Silver Grade
(meters) (in meters) (gr./tonne) (in feet) (oz./tonne)
-------------------------------------------------------------------------
MMT-013 48-100 52 108.5 171 3.49
Incl. 70-76 6 235.0 20 7.56
And 112-126 14 40.0 46 1.29
-------------------------------------------------------------------------
MMT-018 52-200(x) 148 128.3 485 4.12
Incl. 88-100 12 520.2 39 16.73
And 4-14 10 45.2 33 1.45
And 36-42 6 172.0 20 5.53
-------------------------------------------------------------------------
MMT-027 0-30 30 122.1 98 3.92
Incl. 14-24 10 241.0 33 7.75
And 38-42 4 113.5 13 3.65
And 74-78 4 105.5 13 3.39
-------------------------------------------------------------------------
MMT-028 14-82 68 81.6 223 2.62
Incl. 26-38 10 173.2 33 5.57
Incl. 74-82 8 170.5 26 5.48
-------------------------------------------------------------------------
MMT-029 56-80 24 114.2 79 3.67
Incl. 56-58 2 352.0 7 11.32
Incl. 66-68 2 685.0 7 22.03
-------------------------------------------------------------------------
MMT-033 12-22 10 197.6 33 6.35
And 64-66 2 162.0 7 5.21
And 88-90 2 122.0 7 3.92
-------------------------------------------------------------------------
MMT-034 36-66 30 65.0 98 2.09
And 16-20 4 54.5 13 1.75
-------------------------------------------------------------------------
(x)Only drilled to 200 meters
Intersections from Oremex's prior drilling (see February 18, 2004 news
release) included 3.48 ounces of silver per tonne over 216 feet, 3.22 ounces
per tonne over 85 feet, and 2.80 ounces per tonne over 197 feet.
Randall Reneau, P. Geo, Oremex's Chief Geologist, is the Qualified Person
(QP) responsible for the Tejamen exploration and has verified the data in the
table above.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news release.
Thanks Teacher.
I did one for Silvercrest recently when they increased their resource, on paper it was better then a double. Little market reaction, should coulda stuck with ORM.
Before I get an PM from the thread police, SVL do have a Mexician property which they they are going to drill shortly. So this is on topic.
puff puff.
just occured to me that I used Cad $ for the MC and US $ for the silver value.
Let's try again for ORM.
Shares fully diluted * Current price = Current MC.
24,172,928 * 1.35 = 32,633,452
New resource value * Silver price * Nominal value in the ground resource = Approximate Market Value
46,000,000 * 10.60 * 20% = 97,520,000
Sightly better.
McPuff Daddy.
ORM on the break. Yum.
I read recently that the government of The Netherlands want to ban "high grade" locally growth pot. Make it an A listed drug like Cocain etc.
In the 90's agriculture students at universities were given "grants" to improve the THC content. They suceeded in producing stuff that only a moose could smoke. I had a puff of this stuff about two years ago...had to sit down for the rest of the night.
Ok back to work. ORM is doing well, 194K cross at 1.18. Anyone nibble?
look at that, perfect examples of people willing to think the worst.
You know, its not easy running down to the end of a street not breathing because there is a coffee shop on it. The things I do keep myself pure for trading.
BTW "slaphead" in the UK is someone who is bald. Not me yet.
PS looking at INM, kinda cheapish. shhh.
Hey on one hand you want my advice and then on the other give me a slap. When I walk the streets of Amsterdam I do NOT inhale.
Forgot Coach has a web page and of course made a detailed comment on thingie.
http://www.smartinvestment.ca/html/coach247/egd.html
Base metals are down down down Tin and Lead leading the way
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/commodities/11682/twelve_month.stm
Chart says good base at .60.
Web site is in the process of being updated so no help there about the properties.
On Stockhouse Coach247 looks like he is invested, he does his homework and I have asked his opinion.
10 mill MC looks interesting. Might be worth ring the company.
Have you some juicy bits to add?
bolivia or mexico or in ticker
Hmmm EPZ?
I was thinking the same 20 or 25, twenty still gives good results. Hence why I asked.
5000g a ton, did I say that? You won't find that anywhere in the published world TF. I didn't ask for the widths knowing that it probably wouldn't be offered. Getting nervous? Tee Hee.
My tape read: Sellers looking exhausted, could be wrong though.
Surprise surprise eh?!
This Assean Lake has merit, the last couple of holes (oz a ton stuff) is at depth. The strike is open to the west and depth. Interesting.
Canadian Gold Hunter are rasiing 4.1 million to drill it into swiss cheese.
When I asked one of the directors which project he liked most he said South Bay.
did 21% yesterday and boy did I need that.
INM is the only gold/silver I have at the mo.
I have been in silvers and nickel for the last 8 months or so. Last year was great, this year has been crap.
Silver looking to consolidate now. To 7.90 maybe?
Silvercrest increase their silver resources to:
Total Indicated Silver Resources
28,509,014
Total Inferred Silver Resources
14,799,235
http://www.newscaster.ca/silvercrest/custom/news.asp
Ok let's do the math thing.
Fully Diluted * Share price = MC
25,140,965 * 1.58 = 39,471,315
Resource Est * Silver Price * Nominal in the ground silver value = New Corp Value
43308249 * 8 * 25% = 86,616,498
I guess they feel they are undervalued and should be 3 bucks. Honduras is still a big factor here. Still with those intercepts I would like to see them drill El Zapote property further. That and drill the Mexican property, both of which they tell me they are working towards now.
McHommel
Silvercrest increase their silver resources to:
Total Indicated Silver Resources
28,509,014
Total Inferred Silver Resources
14,799,235
http://www.newscaster.ca/silvercrest/custom/news.asp
Ok let's do the math thing again.
Fully Diluted * Share price = MC
25,140,965 * 1.58 = 39,471,315
Resource Est * Silver Price * Nominal in the ground silver value = New Corp Value
43308249 * 8 * 25% = 86,616,498
I guess they feel they are undervalued and should be 3 bucks. Honduras is still a big factor here. Still with those intercepts I would like to see them drill El Zapote property further. That and drill the Mexican property, both of which they tell me they are working towards now.
McHommel
Hi Mailcat,
Through your broker or the broker doing the placement. In my case I signed the company in advance that I would be interested in a participating in any future PP's.
McB
Edit: and if you're rich they find you.
You can go through one of the brokers or through the company directly. I am doing the later.
Sandra at Oremex had 150K when I talked to her late yesterday. Give her a ring if you are interested. There are no lower quantity limits on this one.
Hope that helps.
TF,
One week or so for the last drill holes.
McB
Huesus,
My take on dishing out of cheap shares is what I see as business as usual "insiders get the lions share". If you are the one the creates a situation then you should be the one that benefits most.
Here's what CC said:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19992541
If the shares are indeed held by insiders then selling into this rally is unlikely but WHO KNOWS? They think they have 100 million if you were them would you sell now? Anyway predicting overhangs is better done by others, not me.
I am taking some of the PP though, so I guess I am bias.
Cheers
McB
ORM
The scuttlebutt that I am hearing is that the recent drilling had doubled the silver resource from 23 million to 46 million. They are hitting some fantastic intercepts like 5000g (151 oz) silver with 4g gold.
Let’s do some math:
Shares fully diluted * Current price = Current MC.
24,172,928 * 1.25 = 30,216,160
New resource value * Silver price * Nominal value in the ground resource = Approximate Market Value
46,000,000 * 8.00 * 25% = 92000000
I welcome peoples opinion that I have done my homework right.
McB
Medium volume, results end of next week if we are lucky.
No I simply think 10 bucks is realistic figure for this year.