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Bobwins, They seem to already have some Germanium.
The CEO has been quoted as saying the follows: “We are embarking on recovery studies – germanium has already been recovered and paid for in this mine and we think we can do the same for gallium,” says Wyprysky. If we are successful in recovering both of those, we will drive our cost structure into the US20¢ per lb. area and I think that will make us bulletproof to any point in the zinc cycle.”
Thanks cl001. Regarding production of Ge and Ga you are right about the 40000 kg but I believe recoveries are only 50% of that i.e. 20,000 kg.
SRZ.TO - Bullish Article from Mineweb (http://www.mineweb.net/mineweb/view/mineweb/en/page66?oid=26675&sn=Detail)
Haywood forecasts great returns on Tennessee zinc mine restart project
It may be love, or it could be deep infatuation. Nevertheless, Haywood Securities is positively giddy over the prospects for the restart of Middle Tennessee Mines by Strategic Resource Acquisition.
Author: Dorothy Kosich
Posted: Thursday , 06 Sep 2007
RENO, NV -
Haywood Securities asserted Wednesday that Strategic Resource Acquisition Corporation's restart of Pasminco's former Middle Tennessee Mines zinc operations is akin to "waking a sleeping giant," that Haywood forecasts will generate a 85% return on shares.
In a more than simply bullish report, Haywood metals analyst Stefan Ioannou initiated coverage on Strategic (TSX: SRZ) with a SECTOR OUTPERFORM rating and a target price of Cdn$9.00 per share. "In a sea of zinc ‘development' stories, Strategic is posed to make the transition to producer ahead of many peers with near-term exposure to currently buoyant zinc prices and associated strong cash flows," Ioannou declared.
The Middle Tennessee Mines project is expected to begin zinc concentrate production late this year, ramping up to 130 million pounds of payable zinc production through 2008. "Once in production, Middle Tennessee Mines will likely be the largest zinc producer and domestic source of gallium and germanium in the continental United States," according to Haywood.
"Demand for zinc, used largely to galvanize steel, has doubled in recent years and the metal is becoming increasingly in short supply," Ioannou said. Gallium is used in specialized electrical applications while germanium is an important semiconductor material used in transistors.
Haywood estimated that the present zinc market is about 11.4 million tonnes of demand, increasing at 12% annually in China and 5% elsewhere. "The concentrate market is very tight, zinc premium remains high, and smelter treatment charges are low. ...We anticipate that the zinc market will remain essentially in balance over the next two to three years, barring any supply disruption. Further demand growth in China and India remains the ‘wild card' that could drive a future supply deficit-especially given the fact that historically lowered zinc prices have led to a chronically underfunded industry, with only a handful of new zinc development projects to potentially replace older mines," Ioannou suggested.
With Middle Tennessee Mines, Haywood asserts that any project risk is mitigated by froth flotation technology, coupled with a strong management team with a track record of successful U.S. project development. While Middle Tennessee Mines has a 10 year projected mine life, based on indicated and inferred resources, Ioannou said that "27 years of historical production in this world-class district demonstrate consistent ‘reserve' replacement, and we anticipate that the scope of work at Middle Tennessee Mines will move towards higher throughput and/or long life as surface and underground exploration ensues."
Strategic purchased the property for the bargain, bankruptcy sale price of $16.3 million in December 2006. The assets include five Tennessee zinc mines that form one mining complex and a mill formerly operated by the now defunct Australian zinc miner Pasminco. Haywood's formal valuation of Strategic includes US$85 million in free cash flow from the project through 2009, "which will position the company for further ‘acquisition' growth."
SRZ.TO - According to their CEO - is expected to produce 20,000 kg of germanium and gallium annually.
KEX.V - Kent Exploration up over 23% to $0.29 today. No news but they have a drilling program ongoing.
Bobwins - Thanks for sharing your conversation with Ron Hirsch. I am a long term investor in NRDS.pk.
Also had been invested for a while in ML.To but sold out in the 7's and 8's for a 4+bagger to deploy cash elsewhere. ML is still undervalued.
Glad to know you like these stocks in addition to SRZ.to in which I have a significant position (for me)too.
If you have the time, take a look at KEX.V. Exploration company with a small market cap (under C$5mm) but has a lot of promise. They have 3 properties in the US. Currently drilling at Rosebud (Arizona) and issued some decent results. Their Flagstaff property contains 1 to 2 million tons of barite, a mineral used in petroleum well driling and which the US currently imports. The value of the barite alone at this one property exceeds the entire market cap of the company. The Flagstaff property also is rumored (read this report http://www.kent-exploration.com/reports/Supplementary.pdf) to contain high grade gold and silver. I have accumulated a medium position in KEX.v. Looking for a multi-bagger.
Thanks for sharing your insight especially your conversations with management. Will consider TAM as well. I like the Ge and Ga exposure in SRZ especially if they become the dominant producer in the world.
SRZ.TO also has two other byproducts that are expected to be offsets to zinc. These are limestone rock and agricultural lime (ag-lime).
In addditon to the 150 million lbs of Zn, they are also expected to produce 40,000 kg of germanium and gallium annually. According to their CEO, with this volume they can become the largest producers of these rare metals allowing them to set prices. He estimated current prices of $710 per kg for germanium and $950 per kg for gallium.
According to the US Geological Survey the US imported 38,000 kgs of germanium in 2006. Total current world production is estimated to be 100,000 kgs which means SRZ's production number of 40,000 kg will be extremely significant.
Gallium is a metal that could see its use skyrocket. From the energyinvestingstrategies dot com website: "Gallium is a component of some “thin film” solar photovoltaic (PV) units. It is part of what’s known as the CIGS process - a combination of elements of which the G stands for Gallium that are painted onto plastic sheets, stuck outside somewhere, and convert sunlight to electricity far more efficiently and much more cheaply than current PV products made from silicon sheets. Many people, believe thin film is likely to be the wave of the future in PV solar."
I could not find worldwide production numbers for gallium but I believe it is less than 200,000 kgs annually.
All the numbers point to the fact that SRZ.TO has a bright future. I am holding my shares firmly as I believe the party is just getting started.
A correction to the previous post on SRZ.TO.
The company actually has 29,052,593 shares outstanding not 20.6 million. That reduces the value of cash per share mentioned in my earlier post but the investment case remains extremely compelling.
Here's an interview with their CEO and CFO:
http://www.sra-corporation.com/reports_tsx_interview.php
If you are bullish on the company the last para of the interview sounds pretty good.
SRZ.TO/ STACF.PK is my undervalued pick in addition to NRDS.PK. Just like Nord Resources, SRA is also restarting a former mine.
From their website, SRZ’s focus is to restart the Company’s 100% owned Mid Tennessee Zinc Mine and Mill Complex (“MTZ”) at Gordonsville, Tennessee. The 5 mine complex has a 29 year operating history between 1975 and 2003 and has produced 37.9 million tons of ore grading 3.3% zinc and produced over 2.3 billion pounds of zinc. The operations and underground mines were shutdown in 2003 due to low metal prices with all infrastructure intact.
SRZ will have the mine back into production by the end of 2007. See last week's PR (http://biz.yahoo.com/iw/070817/0292116.html)
which reconfirms this. Historically the mine has produced one of the highest quality concentrates in the world with 64.5% contained zinc concentrate with by-product limestone aggregate and agricultural lime. The mine complex has a known resource of approximately 30 million tons containing about 2 billion pounds of zinc metal and valuable germanium and gallium by-product.
Also from today’s PR “Once in full production, the Gordonsville Complex at MTM is expected to be the largest zinc producer and domestic source of germanium and gallium in the continental USA.”
Further, SRA.TO has $83 million in the bank to get them to production. With only 20.6 million shares outstanding, the cash alone is worth $4.03 per share. SRA closed today at $4.62. In my opinion, this is significantly undervalued for a near term producer. I believe this is a multi-bagger from these levels.
Needless to say, I own SRA.TO. Do your own DD.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aoK689tiqD8M&refer=latin_america
Commodities Slump Will Be `Short-Lived,' Goldman Sachs Says
By Claudia Carpenter
Aug. 17 (Bloomberg) -- The biggest slump in commodities in more than 50 years will be ``short-lived'' as global economic growth will soften any slowdown in U.S. demand, Goldman Sachs Group Inc. said.
The plunge in energy, metals and agriculture prices yesterday represents ``buying opportunities'' in crude oil, copper and corn, Goldman analysts led by London-based James Gutman said in an e-mailed report yesterday. ``We continue to believe that fund-driven pullbacks will be short-lived.''
The Reuters/Jefferies CRB Commodity Price Index fell 10.61, or 3.4 percent, to 301.27 yesterday, the biggest percentage drop since at least September 1956. All 19 commodities tracked by the index declined. Copper, crude oil and coffee rose today.
OT - A little humor in an ocean of red
DXE.v up 25% today to 0.20. Rogue, great call!!
There are some folks that are cautious on lead.
See below
http://www.evertiq.com/newsx/read_news.aspx?newsid=8066&
Tungsten replaces lead
The ban of lead in the RoHS directive has initated the hunt for alternatives. Researchers have now found that tungsten has radiation shielding skills that are better than lead.
July 04 2007, 5:31 PM (evertiq)
by: Jesper Olsson
"Lead may be the asbestos of the 21st Century," comments Matt Hlavin, vice president of sales and marketing of Thogus Products.
Thogus Products has developed over 50 lead replacing materials in many different applications. In shielding tungsten is used as replacement for lead.
"Lead is toxic, and you have the recycling costs, the handling issues. It is not environmentally friendly", Hlavin added.
The new material has a specific gravity of 11.0, the same as lead, and shields radiation as well, or better than, lead, according to Hlavin. Target applications are manufacturers of products such as x-ray tubes, collimators and housings, dental x-ray equipment and trays, nuclear medicine containers, gaskets and seals.
Bobwins, I have profited a lot from your various posts since the RB days (mainly lurking at that time) so I am glad that I am able to return the favor in a small way.
NRDS.pk is the real deal. I first posted about NRDS in Feb 2005. I had a sizeable stake (for me) but sold just after the merger announcement with Platinum Diversified and bought back in after that deal cratered. They have the money and the ore. Now its a matter of execution. The average cash costs on their Johnson Camp project is expected to be $0.53/lb. Expected to produce 20 million lbs of premium grade copper a year.
In addition to Johnson Camp, they also have one property (Coyote Springs) located adjacent to a Phelps Dodge major copper resource (250 million pounds of Copper per year)and another copper prospect (Mimbres) in New Mexico.
The stock was previously listed on the NYSE in the 70's and 80's when they had mines in Africa. At this time, its still early days for NRDS.pk. IMHO, if Copper prices stay up, NRDS could be a 10-bagger from here. All IMHO.
NRDS.pk up 25% today to $1.25.
ML.TO - Stock has been moving up well along with the rally in other metal stocks. Moved from the 6's last month, now in the 9's. Today trading up .40 to C$9.40.
Full Disclosure: I own ML.TO
Sprott Asset Management takes a 20% stake in Nord resources NRDS.pk This is an extremely positive development for this stock.
The following message by a poster in Stockhouse presents a good summary of the potential of NRDS.
http://www.stockhouse.com/bullboards/viewmessage.asp?no=15210962&t=0&all=0&TableID=0
Fulkl Disclosure: I own NRDS.pk.
Here are some raised target prices by Blackmont. Most of the stocks below are discussed on this board.
Full Dicsclosure: I own ML.TO and CHD.TO
http://communities.canada.com/nationalpost/blogs/tradingdesk/archive/2007/07/10/copper-names-that-ma...
FP Trading Desk
Copper names that may be takeover targets get boost
Merger and acquisition activity in the copper sector has led Blackmont Capital analyst George Topping to raise his price targets on several names.
His expectations for shares of Katanga Mining Ltd. (KAT/TSX), the target of Monday’s all-share takeover bid from London-listed Camec, moved to $25.35 from $20.30 per share, while his recommendation was upgraded to “speculative buy” from “hold.”
However, Mr. Topping noted that the large holding of insider shareholders could lead to a somewhat disappointing takeover price.
His price target for Chariot Resources Ltd. (CHD/TSX) was hiked to $1.75 from $1.45.
As part of its takeover of Rio Narcea Gold Mines Ltd. (RNG/TSX), Lundin Mining Ltd. (LUN/TSX) will get a 20% stake in Chariot. It is currently developing the 70%-owned Marcona copper property in Peru.
Equinox Minerals Ltd. (EQN/TSX) moves to $5.25 from $4.05 per share. It’s 100% owned Lumwana copper project in Zambia is considered a world-class asset and makes it a possible takeover target.
Augusta Resources (AZC/TSX) got a boost to $4.60 from $4.20 per share and Mr. Topping expects it will receive its permit for the Rosemont copper project in Arizona around the middle of 2008.
His target for Teal Exploration & Mining (TL/TSX) remained unchanged at $9.75 due to the 65% stake held by African Rainbow Minerals, but copper and molybdenum play Mercator Minerals Ltd. (ML/TSX) got a boost to $12.50 from $11.35 per share.
Bobwins beat me to it. You can also do the symbol lookup on Yahoo by name of the company and it gives you both the canadian and american symbols. Largo Resources is LGO.V or LGORF.pk as Bobwins indicated.
Bobwins - Take a look at Largo Resources LGO.V They have projects in industrial metals - Vanadium, Tungsten. Molybdenum and Platinum Group Metals. Their two main projects are Northern Dancer (Tungsten and moly) in the Yukon and the Maracas (vanadium and PGE) in Brazil.
Initial results from their Brazilian project seem to show high grade vanadium. The thickness and grade of ore are increasing with depth. In mid June they announced they were at 8225 feet, total drilling planned was for 10000 feet. They will be announcing PGM results in early September.
Also, their CEO is Mark Brennan, a founding member of the management team of Desert Sun Mining Corp. and we all know how well that company did.
They have a great corporate presentation on their website www.largoresources.com. However the pdf file is slow to load.
CHD.TO/CHDSF.pk - Copper miner with a 70% stake in significant Peru project. Stock moving up on takeover speculation. See Stockhouse board. Company is adopting shareholder rights plan.
RNO currently owns approx. 20% of Chariot.
I currently own CHDSF.pk. DO your own DD.
Chariot Resources: Special Meeting of Shareholders - July 19, 2007
Thursday June 28, 8:00 am ET
TORONTO, ONTARIO--(CCNMatthews - June 28, 2007) - The Special Meeting of Chariot Resources Limited (TSX:CHD - News), called to consider and if deemed advisable to pass the Shareholder Rights Plan, amended and restated effective June 14, 2007, will be held:
Thursday July 19, 2007 at 10:00 am
BCE Place, Suite 4400, Bay Wellington Tower
181 Bay Street, Toronto
Chariot's Board of Directors, in the exercise of its fiduciary duties, determined that it was advisable and in the best interests of the Corporation to adopt a shareholder rights plan to ensure, to the extent possible, that all shareholders of the Corporation are treated fairly in connection with any take-over bid for the Corporation. Copies of the Shareholder Rights Plan and Proxy materials have been mailed to shareholders of record June 14.
Chariot Resources Limited (TSX:CHD - News) is developing its 70% owned Marcona Copper Property in Peru.With exceptional infrastructure, a significant resource and strong financial and commercial partners, the Mina Justa project is scheduled to be a mid-tier copper producer by 2009.
Additional details about Chariot can be viewed at the Company's website, www.chariotresources.com.
DXE.v Thanks rogue for the post. Got in today at an average of 0.145. Its looking good. You may have called the turn precisely.
CVCP.pk- Stock halted for past 2 days. Here's the reason. Hopefully it will get resolved soon.
Cavico Corporation Cooperating With SEC to Resolve Trading Halt of the Company's Stock
Friday June 15, 10:17 am ET
Company Says SEC Action Unrelated to Cavico's Operations
HUNTINGTON BEACH, CA and HANOI, VIETNAM--(MARKET WIRE)--Jun 15, 2007 -- Cavico Corporation (Other OTC:CVCP.PK - News), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, said today that they have retained Sichenzia Ross Friedman Ference LLP to work with the Securities and Exchange Commission to resolve the issues surrounding a halt in the trading of the company's common stock.
On June 13th the SEC announced a two-week suspension in the trading of Cavico Corp.'s common stock because the pre-merger company Laminaire Corp. (n/k/a Cavico Corp.) has not filed the required periodic reports with the Commission. In addition, on June 13th, 2007 the SEC issued a public administrative proceeding against Laminaire Corp. (n/k/a Cavico Corp.) to determine whether the registration of each class of securities should be revoked or suspended for up to 12 months.
Tim Pham, Vice President of Cavico Corp., said, "We are actively reaching out to the SEC to resolve this matter as quickly as possible. To this end we have retained Sichenzia Ross Friedman Ference LLP, to work with the SEC on regaining Cavico's trading status." Pham added, "The company also wishes to emphasize that this matter relates to delinquencies committed by Laminaire Corp. almost eight years ago. The Cavico Corp. merger was transacted only within the last twelve months, and during that time the company has been working diligently to complete its audits, create corporate governance committees and comply with fair disclosure regulations." Pham continued, "Furthermore, it is important for investors to realize that this matter in no way reflects negatively on the operations of Cavico in Vietnam. Cavico's business has not been impacted by this trading halt and the company will continue to operate as it did prior to the halt."
Cavico will continue to provide information to its shareholders through press releases as developments occur. Shareholders are encouraged to contact the company's investor relations and communications representatives at the numbers below with questions or concerns.
Sichenzia Ross Friedman Ference LLP
Sichenzia Ross Friedman Ference LLP provides experienced, professional legal representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF has significant experience representing publicly held companies in all aspects of their business, with a special focus on small to medium-sized public companies. For more information about SRFF, visit http://www.srff.com.
About Cavico Corporation
Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels and urban community developments. One of the company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico's project partners include top multi-national corporations and government organizations. The company employs more than 3,000 people. For more information, visit http://www.cavicocorp.com.
NGG.v/NGUGF.pk - Stock has been beaten down the past week. Bought more today.
They announced good exploration results, have their first pour coming up and company is going on a 7-city European road show starting on the 15th after their AGM.
Methinks (IMHO) its a good time to stock up.
I own NGUGF.pk. Do your own DD.
CVCP.PK - Here's a link to a research report.
http://www.thezarreport.com/cvcp.pdf
Lots of useful information but like you pointed out, without the audited financials, there is a lack of bottom line visibility.
Worthylion, I have been holding CVCP.pk and expect the audited financials to boost the stock price further.
As you mentioned, they are a Vietnamese infrastructure firm.
With the Vietnamese economy doing well, CVCP.pk has grown revenues from $2.8 million in 2000 to a projected $130 million this year. They have been announcing a slew of new signings in hydropower projects. The key will be in how well they execute. Their strategic goal is to become an owner/operator of mining and utility operations utilizing their experience in hydropower and coal mining operations.
Do your own DD. I own CVCP.pk
There are 149 stocks currently with a 10 rating
See link below
http://moneycentral.msn.com/investor/StockRating/srstopstocksresults.aspx?score=10
Great trade!! Like a 100-year flood, for most people a 466% gain in a day is a once in a lifetime thing. Here's wishing you many more such trades.
SUL.V - Potential ZCC- Getting some "spectacular" (their words-not mine) results. Stock reacting favorably. Up 52% to 0.365. I own SUL.v. Do your own DD.
Sultan Minerals Intersects Spectacular 548 Foot Zone of 0.10% Molybdenum at the Jersey-Emerald Property, B.C.
Wednesday June 6, 9:30 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2007) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to provide assays for the first six underground diamond drill holes, completed during the current 14,000 foot (4,200 metre) drill program on its 100% owned Jersey-Emerald Molybdenum-Tungsten Property located near Salmo, BC. Drill-Hole JM07-04, was the highlight of the six holes. This remarkable hole assayed 0.10% molybdenum (MoS2) over a core length of 548.0 feet and averaged 0.04% MoS2 over its entire 1,529 foot length. The hole contained several higher grade sections including 0.28% MoS2 over 79.9 feet, 0.23% MoS2 over 43.0 feet and 1.81% MoS2 over 9.9 feet.
ADVERTISEMENT
The six widespread holes were drilled in the East Dodger molybdenum Zone, and were designed to investigate the lateral limits of the molybdenum mineralization. The holes were low angle (horizontal) holes drilled in a fan formation from a single underground drill station located 900 feet south of the Dodger Molybdenum Discovery Zone (see news releases of October 3, 2005, October 13, 2005 and February 22, 2006). The widely spaced holes tested for molybdenum mineralization to the north, west and south of the drill station. Significant molybdenum mineralization was encountered in four of the six holes.
Mr. Arthur G. Troup, President and CEO, said, "Sultan is extremely pleased with the results of the six diamond drill holes received to date. Due to the success of the present program, the Company is in discussion with the drill contractor for an additional 20,000 feet of surface diamond drilling on the Dodger and East Emerald zones."
The East Dodger molybdenum zone has now been tested with 27 drill holes and mineralization has been intersected in 25 of these holes. Molybdenum mineralization occurs over an area measuring 3,400 feet north-south by 900 feet east-west. The zone remains open to the east, west and at depth. The high-grade mineralization encountered in Drill-Hole JM07-04 is located 500 feet west of the high-grade intersections reported previously for the Dodger Molybdenum Discovery Zone. These intersections appear to be associated with a high-grade, east-west trending corridor that remains open to the east and west.
Drilling has now been completed in 19 holes out of a planned program of 50 holes for 2007. Holes JM07-07 through JM07-15 and hole JM07-19 investigated the lateral limits of the Dodger tungsten mineralization. Holes JM07-16 through JM07-18 are follow-up holes to the high-grade molybdenum intersection in hole JM07-04. Visible mineralization has been reported in many of these holes including holes JM07-16 through JM07-18. All drill core is presently being logged and split and assay results are expected in July.
Significant intersections from the six drill holes are given in the following table:
---------------------------------------------------------
DRILL-HOLE FROM TO WIDTH MOS2
# (feet) (feet) (feet) (%)
---------------------------------------------------------
---------------------------------------------------------
JM07-01 348.40 364.00 15.60 0.05
---------------------------------------------------------
Including 350.00 352.00 2.00 0.17
---------------------------------------------------------
and 870.00 939.00 69.00 0.04
---------------------------------------------------------
Including 932.00 939.00 7.00 0.35
---------------------------------------------------------
and 1,430.00 1,432.00 2.00 0.32
---------------------------------------------------------
---------------------------------------------------------
JM07-02 Abandoned
---------------------------------------------------------
---------------------------------------------------------
JM07-03 424.30 429.00 4.70 0.20
---------------------------------------------------------
and 444.00 641.50 197.50 0.04
---------------------------------------------------------
Including 496.60 500.50 3.90 0.43
---------------------------------------------------------
and 561.50 583.00 21.50 0.07
---------------------------------------------------------
and 605.10 609.00 3.90 0.19
---------------------------------------------------------
and 876.40 880.20 3.80 0.20
---------------------------------------------------------
---------------------------------------------------------
JM07-04 0.00 1,529.00 1,529.00 0.04
---------------------------------------------------------
Including 739.00 1,368.00 629.00 0.09
---------------------------------------------------------
Including 789.00 1,338.00 548.00 0.10
---------------------------------------------------------
Including 789.10 869.00 79.90 0.28
---------------------------------------------------------
Including 789.10 799.00 9.90 1.81
---------------------------------------------------------
and 1,155.00 1,198.00 43.00 0.23
---------------------------------------------------------
Including 1,190.00 1,198.00 8.00 0.60
---------------------------------------------------------
---------------------------------------------------------
JM07-05 Un-mineralized
---------------------------------------------------------
---------------------------------------------------------
JM07-06 926.00 956.00 30.00 0.13
---------------------------------------------------------
Including 926.00 936.00 10.00 0.25
---------------------------------------------------------
Note 1: All dimensions and core lengths are recorded in feet in order that
results are compatible with the historic mine grid and the existing
5,600 drill hole database.
Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the ongoing exploration programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, B.C., is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects".
For further information on the Company's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological President and CEO
Should you wish to receive Company news via email, please email catarina@chfir.com and specify "Sultan Minerals News" in the subject line or contact the Company directly.
This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com.
SEC 12g3-2(b): 82-4741
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
Bobwins, You are right. They make products that harness solar energy for high power applications including 1000 hp pumps. They used to be primarily in agribusiness but have diversified and have started winning contracts for power generation in other areas such as a $16 mill contract to provide power to the Fresno Yosemite airport for 20 years. They have strong strategic partners in EMKOR and Entech.
WWAT is projecting to do $35 million in sales for 2007 (100% growth over 2006) but already has a steep market cap of $175 mill. The environment is good for renewable energy stocks. I took some more profits here this morning but still hold about 40% of my original holding.
here is a link to their recent presentation:
http://www.worldwater.com/Finance/FINAL%20QTK%20Jefferies%20Confere.pdf
WWAT.ob - Huge move today (up ~30%)on record volume of 12 million shares. Anybody know why?
LNXGF - Linux gold - President of the company adding more shares as he feels company is undervalued.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Linux Gold Corp. (OTCBB:LNXGF - News) announced today that the Company has completed a private placement of common stock and warrants raising gross proceeds of $565,000. The Company issued 2,825,000 units, consisting of one share of restricted common stock of Linux Gold Corp. and one warrant for every two shares purchased, exercisable at either $0.25 in the first year or $0.30 in the second year.
ADVERTISEMENT
The Company's President, John Robertson, through affiliated companies, invested approximately $500,000 in the offering. In addition, companies affiliated with Mr. Robertson acquired an additional 100,000 shares of the Company's common stock via open market purchases during the past 30 days.
"I believe the current valuation of the Company does not fairly reflect our mining prospects," said Mr. Robertson. "It is for this reason that I have elected to increase my ownership position in the Company."
Mr. Robertson, either directly or through affiliated companies, owns in excess of 10 million shares of Linux Gold's common stock.
ABOUT LINUX GOLD CORP:
In March of 2005, Linux Gold Corp. staked 148 State of Alaska 160-acre MTRSC mining claims at several locations near Granite Mountain on the eastern Seward Peninsula of Alaska and has increased the claim position to 284 claims or 68 square-miles. A drilling program on the Granite Mountain Property has been completed, testing four separate mineralized zones, in September 2006.
Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. Linux Gold Corp. optioned to Teryl Resources Corp. (TRC-V) a 50% interest in the Fish Creek claims by expending US$500,000 over three years. Linux Gold Corp. retains a 5% net smelter return or may convert into a 25% working interest. The Kinross Fort Knox mill is within 6 miles from the Fish Creek claims.
Molly mania?? ML.TO solidly into the 6's (+0.59) to 6.57. IMHO its going a lot higher.
Knight, Sorry did not see your post until now as I just got back from a 3-week overseas trip. Looks like the stock is trading around their initial valuation of around $26 a share. They had increased the IPO price from $26 to $30 because of strong demand. Currently, I am underwater on my IPO allocation, not what I had expected.
Regarding your offer of being an assistant, I would not be a good one as I only view the boards intermittently since I travel overseas quite often.
ML.TO - Anybody in this with me? Stock surged above C$6 today but has fallen back a little. Still up over 8% today.
CEO Mike Surratt was interviewed today. Watch it.
http://www.bnn.ca/servlet/HTMLTemplate/!robVideo/robtv0726.20070418.00050000-00050224-clip4/h/220asf...
This one's going a lot higher. Low cost copper molybdenum and silver producer. Mineral Park Mine in Arizona is going to produce for the next 25 years, if not more. Their Cash costs for Cu are only $0.85c/lb. Q1 2009 they will be at full production 56 million lbs of Cu, 10 million lbs of Molly and 600,000 ounces of silver. They are fully funded and are looking at acquisitions. Mine payback at current metals prices is 1 year.
Do your own DD. ML.to is my largest position.
Submitted my bid today. Bidding closes on May 3.
That day is coming soon. I believe you can start entering bids on Monday for the IPO.
PBX.v - Was wondering if one of the metals experts on the board could take a look at this stock. PBX.v while defining their molybdenum copper resource in Chile, identified rhenium, a rare element. From the press release below, 1 ounce of rhenium is worth about 9 ounces of gold. Mr. Len DeMelt, chairman, commented, "If we are successful in maintaining this level of rhenium in our check samples we may have a rhenium situation with molybdenum credits rather than the other way around!"
Disclosure: I am long PBX.v GLTA.
International PBX Ventures Ltd.: Copaquire Molybdenum-Copper-Rhenium Porhyry, Chile
Thursday April 12, 5:27 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 12, 2007 -- International PBX Ventures Ltd. (CDNX:PBX.V - News) is pleased to report excellent continuing results from the molybdenum-copper first phase resource definition program comprising 5000 metres of diamond drilling. The current hole was also submitted for RHENIUM assay with spectacular results as shown in the table.
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Width
Hole # From (m) To (m) (m) % Mo % Cu Comments
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CQ 42 20.0 410.5 390.5 0.048 0.09 Primary sulphide
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including 20.0 76.0 56.0 0.037 0.32
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128.0 190.0 62.0 0.112 0.15
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Also 130.0 160.0 30.0 0.143 0.21 plus 0.481 g/t Rhenium
------------------------------------------------------------------------
Note: 0.1% Mo equals 2 lb/short ton 1%copper equals 20 lb/short ton.
Hole locations are posted on http://www.internationalpbx.com.
ADVERTISEMENT
Rhenium prices are currently $5,850 (US) per troy ounce or $188 (US) per gram. Rhenium is rare and used in catalysts and electronics. The company is encouraged that the potential exists to add significant value to the mineralization at Copaquire and will proceed to assay all significant molybdenum sections for the metal.
Mr. Len DeMelt, chairman, commented, "If we are successful in maintaining this level of rhenium in our check samples we may have a rhenium situation with molybdenum credits rather than the other way around!"
All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile. Terence Walker MSc, PGeo, is the qualified person under National Instrument 43-101 in charge of the program and the company's exploration manager in Chile. The results should be considered preliminary exploration data.
Copaquire is located in northern Chile on the west fissure which hosts some of the largest copper-molybdenum porphyry mines in the world. It is the last well-exposed major porphyry system in Chile yet to be fully explored. The company has an option to purchase a 100 per cent interest in the property.
WWAT.ob - Stock-peeker, I've been in it since the high 30's. Took some profits as the stock has risen quickly but have maintained a core position. Stock should do well in the long term as we get more visibility on their Entech acquisition. Short term, the stock may pull back a little as the first quarter is seasonally a slow one. Noted stock investor/conservationist David Gelbaum (http://www.latimes.com/features/magazine/west/la-tm-toppower33aug13,0,2757445.htmlstory) has taken a significant stake in the company recently. So has Emcore (EMKR), which made a $18 million equity investment in the company. GLTA.