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EOM Thought you were crazy But you might be right. A timely would really help this along.
Nice Volume today.
Possible catalyst or press releases:
2 Joint Venture's in the works right now! One being the mobile grading machine.
A couple 43-101's official independent resource reports working now! This should increase values to their properties by showing probable or inferred reserves based on all current and historical data.
Cash just received from sale of properties may purchase new properties in Nevada per most recent PR!
Nevada has areas that have become hot again with Increased Resource prices.
Production news leading to revenues possibly anytime! I was told they are trying to make it happen through a joint venture. Their grades look pretty good and management here is hands on. I can see it happening.
I think its hard to get hurt here and I cant think of many reasons that would make this company go down much from the scrawny 3 mil$ market cap, but some of those reasons above could fairly bring this stock to a 6 million market cap or 2 cents a share easily in real value.
Im here because I thought I saw some value after several hours of DD and talking with the company, but please do your own DD and don't listen to anybody else.
Checkmate
PS: Their reported grades are very good and this message is flashing across their website.
WSRM Reports total reserves in excess of 500 million in Gold and Silver from the Gold river mine group.
I think they will have this in low scale production soon.
Not only will that mobile grader be used as a tool to produce revenue for WSRA from other company's, but they can use it to analyse the properties in Nevada they are out chasing right now with the dollars they made on the last sale.
Last PR says they are scouting properties in Nevada. Hopefully it is here: Google NEVADA Oreana gold trend.
NEVADA Oreana gold trend is a new and emerging trend with 20mo HIGH GRADE Au to discover and along I 80 Kortez trend Pipeline trend carlin trend
Nevada has produced like half of all Gold ever in the US. Alot of those properties were mined and left for dead with $300 Gold. At $1300 Gold, there is plenty of new opportunities. The larger producers in the area NEED to purchase properties with proven reserves from these smaller companies like WSRA.
Western will take that mobile grader on the road and find them some valuable real estate and flip it or Joint Venture for production. They have the skills plus low overhead. They work the trenches everyday just held back by cash (lack there of) One solution, find somebody with cash and JV.
They have 2 Joint Venture's in the works right now, a couple 43-101's, cash for new inventory properties and I believe they are going to be producing revenues from a property or 2 soon.
IMO there will be a number of PR's on the way.
They have a little debt, but with the right pieces falling in place we could get a winner here.
Checkmate
Auriga Gold AIA.v Good job coinmaker. I placed an order shortly after you call a coulpe weeks ago. Hopefully I'll find a time to get a few. I like that company
NVT.v Up date per New NI43 101
Been busy crunching on Stockhouse but thought I'd bring this over. The official report values the one property at .46 per share and there are 4 more quality property's in their portfolio. Keep in mind most is inferred.
Kaukua rock is 68.95$/tn delivered x 12.1million tonnes = $830 million dollars for that rock now.
Hauhiaho rock is 66.8$/tn delivered x 20.7million tonnes = $1.4 Billion dollars for that rock now
Thats 2.23 BILLION dollars of rock
The insitu value of PGE + Au properties is between 1 and 5 percent of that value
I'll use 2.5 % X that 2.23 Billion resource for an insitu value of $55.7 million for the property. Divide that by the 120.66 million shares gives us a per share value of 46 cents per share for that property alone. .. Note There is more resources at better grades available per the report for this project.
NVT is Way Undervalued IMO!!
Official Reccomendation from The Technical report.
WGM has concluded that based on the structural interpretation and observations, further exploration at Kaukua and Haukiaho is warranted, with a good potential to host economically significant mineral resources.
As recommended by WGM, Nortec intends to develop the project with additional higher-density diamond drilling. Mineralogical and metallurgical research is ongoing. It is intended that the data from these studies will form the basis for a future Pre-feasibility Study of the LK Project.
Checkmate
Im not sure how I landed here, but I think I followed your profile to see what you were up to after reading a post on FECOF.
I'm working my way into understanding FECOF a little more too. Seems like a to good to be true story to have so much oil off that island. Haven't bought yet though, been hoping for a dip.
I first became interested when I saw the big oil find off Palawan. I was especially interested since I spent about 10 days in Palawan this past summer. I stayed in Purto Prencesa as home base for the tours. Our guide was also a realtor and wanted to show us a piece of property off the main island. We decided it would make another nice day tour. While crossing the river to a smaller Island, we saw those Warships that chased the Chinese boat out of the area.
I do understand the gold miners though and I think 1 nice piece of news could send this company flying or if the companies story on the shorts is true, and they can get the SEC to make them accountable, a little news could squeeze them to be our buyers.
Take care
Coinmaker re egz.v Thanks. I didn't do alot of DD on egz but I did some and I don't understand it as much as some other resources. I took a starter position on a good price I think after a Dundee Dump. Dundee dumped quite a few shares quite a few times. I bought it for the Green Giant project, a grow and mold as Bobwins would say just to have some Vanadium
Ill look into the processing costs skyrocketing from lack of atmospheric leaching when I get a chance.
On another note I did look into Auriga and I thank you for that. I like their whole plan over there and think they create a lot of value esp having the mill. The grades were nice as well. I had a starter order that wouldn't fill and now Im sorry missed the bump for a penny or 2. I had no cash when the cheapies were around at .25 during the crisis.
They compared themselves in their presentation to Gowest Amugulated another Gold minor Im fond of, so I had to look at them a little harder. Somewhere I'll get in.
Coinmaker, For Vanadium EGZ.v Energizer resources is another company you might want to check out. I purchased it recently after Obamas speech.
Heres a few blurbs off a couple recent PR's
About the Green Giant Vanadium Project
The Green Giant vanadium project, located in Madagascar, is 100% owned by Energizer. The Company has a National Instrument 43-101 compliant indicated resource estimate of 49.5 million tonnes at an average grade of 0.693% vanadium pentoxide ("V2O5") containing 756.3 million pounds of V2O5 and an inferred resource of 9.7 million tonnes at an average grade of 0.632% V2O5 containing 134.5 million pounds of V2O5. With this resource estimate, the Green Giant deposit currently ranks as the third largest known vanadium deposit in the world, with 75% of the 21-kilometre (18 mile) stratigraphic trend of vanadium remaining open for drilling.
The Green Giant vanadium is unique in that it is sediment-hosted, in contrast to the majority of known vanadium deposits which are magnetite-hosted. As a result of this geological difference, the metallurgical process for the Green Giant vanadium is different from that used by other vanadium producers.
The unique characteristics of the Green Giant vanadium will allow the Company to produce a high purity vanadium product - called vanadium pentoxide or V2O5 - required for emerging battery technologies using vanadium. V2O5 can also be used in traditional steel applications. Ferrovanadium, which is the usual end-product from magnetite-hosted deposits, can only be used for steel applications.
Julie Lee Harrs, President and Chief Operating Officer of the Company, said, "As we see more and more evidence in the marketplace of commercial applications of vanadium-based battery technologies, such as the vanadium redox batteries, a great opportunity exists for vanadium producers who can provide the necessary high purity vanadium. Energizer's Green Giant project is being positioned to meet this anticipated new demand for high purity vanadium, as well as the anticipated 7% annual growth in demand for vanadium from the steel industry. The sheer size of the Green Giant deposit will allow the Company to scale the project to meet the increase in demand for vanadium and to provide the sureness of supply and price required by vanadium end users. Please visit our website at www.energizerresources.com to learn more about the two-sided growth story of vanadium - steady growth from traditional steel applications and explosive growth from emerging battery technologies."
Welcome EOM They could find the right property any day. And for this company, just a mediocre find could would make these guys happy set this off. Their overhead is low. With the prices of silver and gold, they may be looking at property's that haven't got any attention in the past and get lucky.
For the price here it could get fun
I took a chance on this little flier here and was able to add at .008 and 190k @ .009 today but not before some Due Diligance.
Why I bought:
Market cap about 3 million $
I spoke with Mr. Michael Chaffee and I was happy with his attitude and the conversation we had. He seems honest and straight forward and IMO not looking for any pumps just to turn up shareholder value. Hes confident its there.
He said their is a Short Interest and he has a handle on getting that resolved with the SEC. Hes in regular contact with them. We'll see. I say, Show us some gold and the'll be tomorrows buyers.
NI43 101 resource report for Arizona due any day. Good official numbers could prove a biggie for this company and add measurable credibility.
And thanks HPHAM for this post. Good summary
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60499721
Basically their business model is to produce when it makes sense, buy, sell and trade properties when it makes sence and to use their knowledge to help other companies to move forward their properties towards production. They get paid for their experience. Sounds like the real estate buisness I operate.
Their newest PR shows them looking for properties in Nevada. If Nevada was a country, it would be 3rd largest country in Gold production over the last 10 - 20 years. Many of those properties were hot at $300 gold and thrown out after they were processed. Because of the higher price of gold, some of these properties are ripe for production of the lower grades left over. Secondly there are properties that were over looked before, because grades wern't good enough. Reexamining might just find tomorrows profitable gold. that can be explored now. With the marcet cap of this company and the small float, I believe just one nice new find could re value the company over night. Its up to management to make a score now and find some hidden value. Experience can make that happen. If they turn up a good property I think this company will know to do with it.
Just my 2 cents
checkmate
NVT.v If you like Mustang Minerals Check out Nortec Minerals. Much further along on their Platinum project and more news out today.
They own 100% of their palladium-platinum-gold-copper-nickel project. The just filed NI43 101 prepared by Watts, Griffis and McOuat recommends they continue to expand the already large compliant resource estimate. See Feb 22nd News Release
Recent insider buying of 2 million shares at higher prices and even a buy on the open market by the ceo just 7 days ago has to tell us something.
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=nvt
New company presentation,
http://nortecminerals.com/files/nmcorp-presentation-mar2011.pdf
THIS COMPANY IS NOT GOING TO STOP PUTTING OUT GOOD NEWS INCREASING SHARE HOLDER VALUE. THERE IS TO MUCH GOING ON to hold this 35 Million market cap at this level.
I challenge anyone to do the DD and not find value here. Call the company. They will be glad to talk. If I get time Im going to run some numbers to value the rock based on the grades and tonnes estimated in the official report.
Checkmate
GWA.v GWSAF + 17% TO .40 GOWEST AMALGAMATED RESOURCES LTD
I think news doubling NI43-101 resources might be on the way. Yesteryears garbage, turned todays goldmine. Pun intended.
Heres what I like.
Current NI43 101 shows 500k oz Au at 6+g/tonne for all catagories. The company is fairly valued on that alone. I think the new resource estimate is a shoe in for 1 million oz plus with upgraded categories and due out 1st quarter of 2011.
Grades consistent & avg 6.8 g/t CEO interview (link below) says 30 of 30 holes drilled in 2010 showed good continuity.
Significant potential for successful expansion past the 1 million oz mark. Aggressive 30,000 metre drill program to further expand the deposit ongoing in 2011. Four drills turning on Frankfort now, with one moving to another unexplored property to the west.
Infrastructure, good employees, and open mining capacity is all right there. The Timmons Frankfield property is in the most successful gold mining area in Canada for decades. Half of all Canadian gold production ever has come from this area.
Scoping study for financial feasibility and permitting works already in motion.
Their 2010 drills are down to 800ft and grades are improving with debth. Lakeshore is drilling successfully to 1.2 kilometers in the same area.
For the near future, Whats a million plus oz Au property with good grades, fully permitted, good share structure, ready for production, with possible expansion to 2 - 3 million ounces worth? A lot more then now.
Shareholders rights plan recently in place. At a minimum there should be a steady news flow all spring & summer.
CEO Interview.
http://www.smallcappower.com/microsite/gowest_amalgamated_resources_ltd.html
http://media3.marketwire.com/docs/gwa1020a.pdf
Last but not least. I know someone in Timmons :) Lots of local talk about this company.
PS I had to call on the phone to TDA to purchase. Apparently there is a disconnect for that Pink sheet equivilant. It shows in my account as GWA.CN Ameritrade made a request to add the symbol.
Checkmate
URZ Uranerz Energy(Uranium)+.79 to 3.89 Up 25% today and + 35% recovered from late last week. When this is over I think Uranium is still the cleanest safest energy when you factor deaths due to coal mining and pollution caused by burning fossil fuels.
URZ Uranerz Energy (Uranium) nearly cut in half since early Feb. Might be a good buy if the Jap crisis doesn't have a lasting effect.
Uranerz Treasury Increases to $47 Million from Exercised Warrants
3/2/2011 9:02:23 AM - Market Wire
CASPER, WYOMING, Mar 02, 2011 (MARKETWIRE via COMTEX News Network) --
Uranerz Energy Corporation ("Uranerz" or the "Company") (TSX: URZ)(NYSE Amex: URZ)(FRANKFURT: U9E) is pleased to announce that 3,947,821 share purchase warrants of the Company were exercised prior to the accelerated expiry date of February 25, 2011. Uranerz now has over $47 million in its treasury, with no debt and 75,605,474 shares outstanding. The Company is well-positioned to begin construction of its Nichols Ranch ISR Uranium Project pending receipt of the final Materials License.
The final Materials License from the United States Nuclear Regulatory Commission ("NRC") is the last authorization needed before on-site construction can commence on the Nichols Ranch ISR Uranium Project. Once the Materials License is issued, the Company plans to commence development of its first ISR uranium mine in Wyoming.
The Nichols Ranch ISR Uranium Project
The Company's Nichols Ranch ISR Uranium Project initially comprises two mining properties, the Nichols Ranch Unit and the Hank Unit. The mine plan for the Nichols Ranch ISR Uranium Project includes a central processing facility at the Company's Nichols Ranch property, which is being permitted for a licensed capacity of two million pounds of uranium per year. The central processing facility will be designed to process uranium-bearing well field solutions from Nichols Ranch and uranium-loaded ion exchange resin from additional satellite deposits which are intended to be developed on the Company's other Powder River Basin properties. The Company is currently preparing the permit application for its planned third ISR uranium mining unit in the Powder River Basin of Wyoming, named Jane Dough.
Uranerz has over thirty projects within the Powder River Basin and is continuing to acquire additional projects in the same region. The Company has recently staked an additional 20 federal mineral mining claims on targets believed to be highly prospective for uranium deposition. These targets were identified by analysis of previous drilling and general knowledge of the geology, chemical reduction/oxidation fronts and the depositional sandstone systems in this area.
About Uranerz
Uranerz Energy Corporation is a U.S.-based uranium company focused on achieving near-term commercial in-situ recovery ("ISR") uranium production in Wyoming, the largest producer of uranium of any U.S. state. The Uranerz management team has specialized expertise in the ISR uranium mining method, and has a record of licensing, constructing and operating commercial ISR uranium projects.
Uranerz Energy Corporation is listed on the NYSE Amex and the Toronto Stock Exchange under the symbol "URZ", and listed on the Frankfurt Stock Exchange under the symbol "U9E".
GWA.v GWSAF .36 GOWEST AMALGAMATED RESOURCES LTD
Current NI43 101 shows 500k oz Au at 6+g/tonne. The company is fairly valued on that alone. I think the new resource estimate is a shoe in for 1 million oz plus with upgraded categories and due out 1st quarter of 2011.
Grades consistent & avg 6.8 g/t CEO interview (link below) says 30 of 30 holes drilled in 2010 showed good continuity.
Significant potential for successful expansion past the 1 million oz mark. Aggressive 30,000 metre drill program to further expand the deposit ongoing in 2011. Four drills turning on Frankfort now, with one moving to another unexplored property to the west.
Infrastructure, good employees, and open mining capacity is all right there. The Timmons Frankfield property is in the most successful gold mining area in Canada for decades. Half of all Canadian gold production has come from this area.
Scoping study for financial feasibility and permitting works already in motion.
Their 2010 drills are down to 800ft and grades are improving with debth. Lakeshore is drilling successfully to 1.2 kilometers in the same area.
For the near future, Whats a million plus oz Au property with good grades, fully permitted, good share structure, ready for production, with possible expansion to 2 - 3 million ounces worth? A lot more then now.
They have 1 or 2 booths at the PDAC. I think they will wake some eyes there. At a minimum there should be a steady news flow of good news all spring & summer.
CEO Interview.
http://www.smallcappower.com/microsite/gowest_amalgamated_resources_ltd.html
http://media3.marketwire.com/docs/gwa1020a.pdf
PS I had to call on the phone to TDA to purchase. Apparently there is a disconnect for that Pink sheet equivilant. It shows in my account as GWA.CN Ameritrade made a request to add the symbol.
Checkmate
ECNG KOZOH Wakeup! EnergyConnect Signs Definitive Agreement to Be Acquired by Johnson Controls for $0.2253 Per Share
Thanks I got in after I DD'd your tip.
NVT.v Nortec Minerals Exploring for Pge + Au. Still moving north with 1 million plus in insider purchases by Inwentash, Sheldon of Pinetree Capital at the highest prices and in the last week. I believe he may still be buying.
Just put out an NI43 101. In short, I believe they have at least 2 financially feasible property's, one ready to deliver on that news plus an additional wild card with the relationship with the Ecuadorian government. They have proven management, that has gotten it done for share holders in the past plus they are in mining friendly jurisdictions with set up infrastructures.
Checkmate28
NVT.V Has really performed well for me lately and theirfore Im hesitant to post at the current price. I follow this stock close and keep contact with the company. I'm reading between the lines and thinking there about to prove up their LK property to be financially feasible for Pge +Au They have been tight with the news lately but their is plenty to report and I guess we'll see it soon. Large insider purchases on the 17th and 22nd plus the clues in the PR out yesterday. Finish projects don't get much attention here but it is one of the safest and most minor friendly country out there. Plenty of local infastructure and the company is warm with the locals both there and Equador. I believe their Seinajoki property will be proved up to be a multi million ounce gold mine. They have a preferred status with the Equadorian government and there may be news or a flow of good news on the way there.
Not going to post to much here, but for anyone who wants to get up to speed fast, there is plenty of information and even calculations based off the company presentation I've posted a lot on the stockhouse site. Might have to dig back a bit to get the best info.
Management is key here for me. Same guys took Frontier pacific from under .20 to be taken out by Eldorado at 1.21 One thing for sure, in the 3 years I've been following them they have been moving forward positivly and not done anything stupid that I have seen. At worst I think its fairly priced now based on the one LK project alone.
Checkmate
NVT.V Hi Bobwins. As always Im here.You guys are too smart here so I dont post unless I have something real to add. Nortec has treated me well. Might be a little high here to take a position. Valuation depends on the news their about to drop. I'd at least keep it on the radar and run the numbers when the PR comes out. I do know their holding back the news for good reasons and working hard at getting it finalized and out. I think there is a lot of good grade resources sitting in that LK property.
I'd also add to that last posting, the Ecuador situation as a wild card here. Nortec has a favored position with the Ecuadorian government. Equador ruled to move forward & explore several previous explored properties for further evaluation and feasibility. Probably due to the coming prices of resources. They envited several companies to a meeting and choose Nortec from the bunch to do the evaluations ( big credibility for me). Nortec will most likely have first crack at the best properties in striking a deal with Equador. Call up and speak with management, Ian Laurant pres or Mohan Vulimiri CEO. Check their history with Frontier Pacific, their overall exp in the industry and I think you will find it to be very favorable, honest, straight forward. I think their goal is to create share holder value and not to rip us off, furthermore I think they know how to get it done. Mohan has a lot of person and family riding on this.
Cheers
AUN.v Silver, I wondered why no one here ever mentioned Aurcana. I added some shares before the financing and follow things over there so Ill chime in. They have secured financing that allowed them to buy back the 50% Silver revenue stream from Silver Wheaton. The payback on that is short. With the 100% of the Le Negra cashflow and balance of the financing they will finance Shafter, targeting production 18 months from commencement that recently started. Based on the resource estimates, Shafter and LeNegra will propel Aurcana to be the 2nd largest pure Silver producer in the US and 11th in the world. The cost will be a dilution to the tune of I think 425 million outstanding shares.
AUN.v Put up some good numbers and La Negra expansion completed ahead of schedule should help get the Shafter project going.
Aurcana Corporation Reports 54% Higher Revenues in Q1, 2010 Compared to Q1, 2009 and Provides La Negra and Shafter Updates
VANCOUVER, BRITISH COLUMBIA, Jun 16, 2010 (MARKETWIRE via COMTEX News Network) --
Aurcana Corporation (TSX VENTURE: AUN) (the "Company") announced today its financial and operating results for the three months ended March 31, 2010. The following summary of selected financial information should be read in conjunction with the unaudited consolidated financial statements for the three months ended March 31, 2010 and the related management's discussion and analysis dated May 31, 2010, which have been filed on Sedar (www.sedar.com). All figures are in Canadian dollars unless otherwise stated.
For the three months ended March 31, 2010, the Company posted consolidated net sales of $4,677,771 (2009: $3,037,037), earnings from mining operations of $610,434 (2009: $64,384) and consolidated net earnings of $701,540 (2009: net loss of $879,946) which includes the effects of a foreign exchange gain of $1,291,315 (2009: loss of $292,566).
During the three months ended March 31, 2010, the Company spent $1,053,436 on the purchase of property, plant and equipment and $437,985 on mineral property expenditures, with the majority of the purchases going towards the La Negra Mine plant expansion.
LA NEGRA MINE
For the three months ended March 31, 2010 and 2009, the Company:
-- processed 79,007 (2009: 69,366) tonnes of ore;
-- sold 2,302 (2009: 2,869) tonnes of copper content at an average price of
$3.29 per lb (2009: $1.56 per lb);
-- sold 982 (2009: 1,045) tonnes of zinc content at an average price of
$1.04 per lb (2009: $0.53 per lb); and
-- sold 153,790 (2009: 190,647) ounces of silver at an average price of
$16.94 per ounce (2009: $12.60 per ounce).
As at May 31, 2010, the Company's targeted plant expansion from 1,000 tonnes per day ("TPD") to 1,250 TPD was completed with the addition of a second ball-mill, a new cyclone system and an expansion of the flotation circuit. With the construction of a second water tank and a third fine-ore storage bin, the Company's targeted plant expansion to 1,500 TPD was achieved by mid-June 2010. The Company is extremely pleased with expansion as the majority of the expansion was completed internally, ahead of schedule and within budget. The Company is looking forward to achieving economies of scale as well as the significant impact the increased production will have on its revenues, cash flows and profitability throughout the rest of 2010.
SHAFTER SILVER PROJECT
The Company is pleased to report that during the first and second quarters of 2010, the Shafter Project configuration was finalized, including several very significant design optimizations. SNC-Lavalin, Tetra Tech, The Gault Group, and other independent qualified persons were used to perform this work. Consequently, the July 2009 Prefeasibility capital estimate has been raised to a Feasibility level of accuracy. The Company is currently making amendments to already existing permits to reflect the final project configuration. Such amendments are minor in nature and the Company has received positive indication from Texas regulators that amended permits will be issued upon application.
Work has also continued in maintaining the strong social license that exists for the Shafter Project by regular two-way communications with the residents of Shafter and the surrounding communities of Marfa and Presidio.
Key members of the execution team have been identified, as have preferred engineers for detailed design work and contractors for mine construction.
About Aurcana Corporation:
The Shafter Silver Mine is scheduled to start up production within 18 months of securing permits and financing, producing 3.9 million ounces silver in the first year. It has a NI 43-101 measured and indicated resource of 24.6 million ounces of silver (2,900,000 tons at 8.48Ag opt) and an inferred resource of 22.8 million ounces of silver (2,167,000 tons at 10.52 Ag opt) using a 4.0 ounce per ton cut off. The 92% owned La Negra silver-lead-zinc-copper mine is on target to increase production to over 2 million ounces Silver Equivalent annually when expansion to 1,500 t/d, is completed by mid year. The reader should be cautioned the Company has not completed a feasibility study confirming the projected production capacity for La Negra and there is no certainty the Company's plans will be economically viable. Ron Nichols, P.Eng. a Director and Senior Vice President for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.
ON BEHALF OF THE BOARD OF DIRECTORS OF
AURCANA CORPORATION
Lenic Rodriguez, President
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Aurcana Corporation Jack Barnes Corporate Relations (604) 331-9333 or Toll Free: (866) 532-9333 (604) 633-9179 (FAX) jbarnes@aurcana.com www.aurcana.com
SOURCE: Aurcana Corporation
mailto:jbarnes@aurcana.com http://www.aurcana.com
Copyright 2010 Marketwire, Inc., All rights reserved.
NVT.v still marching forward. Anyone with me on this one?
April 29 (Bloomberg) -- Canada’s Nortec Minerals Corp. may receive the first mining permit granted by Ecuador in five months, signaling the Andean country is ready to allow companies to resume operations under a new law.
Nortec expects government approval to restart gold and silver exploration by May 4 and will begin operations immediately after, said Paquita Crespo, general manager of the company’s operations in Ecuador. The company may seek additional concessions once new land and water laws are approved by Congress, she said.
“We had very good finds but nothing has been proven because operations were halted,” Crespo said today in an interview from her office in Cuenca, a city in the country’s southern mining region. “Everything is in place, we’re just waiting for the government to give us the permits.”
A new permit would signal that Ecuador’s government is ready to allow mining companies to resume operations in the country after revoking almost 3,000 licenses in April 2008 and rewriting laws to increase state control over resources, said Santiago Cordovez, executive director of Ecuador’s mining chamber.
“This is the restarting of mining in Ecuador as it should be,” Cordovez said today in a telephone interview from Quito. “There’s a lot of hope that things will now begin to happen faster.”
Ecuador’s legislature approved a new mining law in January 2009, increasing state control of mines and forcing companies to renew concessions and reapply for government permits. Congress is currently debating new water and land-use laws which would impact mining operations, Crespo said.
Ecuador Reserves
Only three companies have received permission to restart mining operations since the new law was approved by Congress in January 2009.
Ecuador may have more than 30 million ounces of gold reserves, 62.7 million ounces of silver and 16.2 billion pounds of copper, according to a September report published by the mining chamber.
--Editors: Carlos Caminada, Dale Crofts.
To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net
To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net
NVT Gone from .10 to 17.5 in only 9 days of trading and less than 1.5 million shares of volume since the Ecuador PR
Jaytee More help for you.
Baystreet report and .24 target. I thought the report was well done
and represents a good summary of the information available on the company website.
http://www.baystreet.ca/articles/research_reports/eresearch/NortecMinerals030410.pdf
Jaytee NVT I tried warning the board here in Feb but didn't get a flinch. I talked with NVT when I saw the build up coming. They have a lot of catalysts going on now and the rest of the year. Management seems genuine to me and they've accumulated some good properties.
Up 60% since this post and its still the story.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46301819
Checkmate28
NVT.v Analysts at eResearch Target price Nortec Minerals at .24
Exploration company for base and precious metals, lithium and REEs but there properties look promising and they look to be very active this year proving up the resources. 10 million market cap.
Very well done report just out. Detailed company plan & valuations. I like the management. Very friendly and helpful on the phone. I think their worth a look.
Heres the link to the site and the report.
You have to sign up free to view it on the site.
Hopefully this pdf link will work
http://www.baystreet.ca/articles/research_reports/eresearch/NortecMinerals030410.pdf
http://www.baystreet.ca/default.aspx
NVT.v = NMNZF
Bobwins NVT.v Reguards to the LK project At Kalkua, They drilled 4 phases in 07 with good results for PGE and Gold. NI43-101 scheduled by Q-3 Q-4 2010, after they finish another 10K meters phase 5 drilling.
NVT.v samples 69.8g/t GOLD, 1.47% Lithium and .04% REE
Hi Guys, I was looking at brooming a few of my (left for dead) stocks and decided I would systematically do some DD and have a fresh look before I pulled the sell trigger. I decided to add here instead. Thought Id share since I did the work, own some shares and usually am on the lurking side.
NVT.v is just an exploration company, but they've been adding some nice properties to their portfolio and they've put up some pretty good numbers for PGE, Gold, Copper, Nickle, Lithium and now the RARE Earths. Management, mainly accomplished geologists, has a good reputation with Frontier Pacific and was very up beat and helpful on my phone calls. I spoke with both Ian and Mohan.
Todays news: samples 69.8g/t and 21.1g/t GOLD , 1.47% Lithium and .04% REE
Ian F. Laurent, Nortec's Executive VP commented, We have always believed that Seinajoki has the potential to become a multi-million ounce gold district."
January News: LK Project produced Concentrate containing 60 grams/tonne PGE+Au and 16% Cu+Ni producing Over 80% combined recovery for Palladium+Platinum+Gold and Over 93% recovery for Copper using low cost flotation. The Company believes that the LK Project can host several large-tonnage PGE+Au-Cu-Ni deposits easily totaling 100M tons and amenable to low cost open pit methods. The project is similar to Goldfields reported total resources at Suhanko reported to be 183 million tonnes grading 1.54 grams/tonne PGE+Au, 0.20% Cu and 0.08% Ni. NAP was at a disadvantage in that they only had 50% interest in this property. Nortec has 100% here.
Finland is miner friendly and already has infrastructure in place, additionally, the Finnish government said at least 600 million euros must be earmarked for rail and infrastructure improvements for six advanced projects in northern Finland. There is, or are, already railways to help with the sale of ore as close as 50km to at least one of their property's from my conversations with mgt.
http://www.reuters.com/article/idUSLG54715120080916
Recent financing supported by David Elliot founder of Haywood securities, Pinetree Resources and Mohan R. Vulimiri was in my positive column.
Market cap only around 11- 12 million Canadian
My DD and conversations left me feeling all the NEW presentations weren't just dumped on the web site for nothing. To me, it appears the company may be awakening from the dead, poised to prove up resources and market cap for the shareholders. With a new name and new website almost up, I get the impression that 2010 is going to be a busy year with a string of promising news. Management said, they are committed to keeping us informed regularly, getting some help on the IR side and luring JV partners. It seams the market isn't paying any attention or giving any credit yet. Shares did well just to hold today.
The board here is great, I appreciate the talent that is much smarter than myself. I haven't posted in awhile, but I'm always here on your boards reading your DD. I would really appreciate any insight good or bad on the company or my DD.
Thanks Checkmate28
Bobwins RE Uranium
While looking at Dennison Mines DNN cut from $14 down to 1.05 this past 12 months. I turned up this article on Hedge funds de-leveraging.
http://www.stockhouse.com/Columnists/2008/October/10/Uranium-de-leveraging-means-an-uncertain-future-fo
Len,
I assume that, when your talking about people not being able to get out of homes, your speaking of people who have leveraged out mortgages and owe more that the market will demand.
If you are a cash buyer, you can sell a home quick if you lower the price enough, just as with stocks. There are always buyers who will scoop up a profitable flip opp. I buy homes in Detroit suburbs for 15 cents on the dollar to the value of 5 years ago, pay to have them cleaned up/repaired, sell them cheap and still make 100% in 4 months.
On the flip side, homes are renting faster then ever with former home owners, turned renters, paying off your investment in 3 - 5 years.
For the homes I'm holding, I'm trying to figure out, where the values of homes will go, when we have the forces of hyper inflation and reduced wages fighting each other and when housing starts will be reduced enough to allow the supply to drop.
I'm banking, the government (be it US or world )will create enough credit to get us back creating spendable equity soon enough.
New Guinea Gold Announces Mine Development Strategy
VANCOUVER, BRITISH COLUMBIA, Aug 19, 2008 (MARKET WIRE via COMTEX News Network) --
The recently announced high grade resource at the Imwauna Project and drill results from the Sinivit Mine confirming high grade copper/gold/tellurium/silver (sulphide) mineralisation, (see Press Release dated 14th August 2008), beneath the current mining plan has allowed New Guinea Gold Corporation (NGG) (TSX VENTURE: NGG)(FRANKFURT: NG8) to formulate an indicative timetable for the development of the above Imwauna Resource and Sinivit sulphide mineralisation. Tellurium could be a significant bi-product if development of the Sinivit sulphide mineralisation proceeds.
IMWAUNA PROJECT DEVELOPMENT
- The Imwauna Inferred Mineral Resource is, at present, 1,800,000 tonnes at 12.2g/t gold and 20g/t silver for contained metal 706,000 ozs gold and 1,160,000 ozs silver (see Independent NI 43-101 report dated July 2008 at www.newguineagold.ca)
The resource commences at ground surface and has been defined to varying depths between 50 and 150m below surface. High grade bonanza zones have been defined. The resource is open in most directions and two drills are in operation with a view to expanding the initial resource.
A Preliminary Assessment will commence in September 2008, and subject to a positive result from that study, mine construction could commence in late 2010 with a possible gold production of the order of 70,000 to 100,000 ozs/year in 2011. The resource is likely to be largely open pittable. The viability of this possible production including the capital cost of the project, will be indicated in the Preliminary Assessment.
If the studies indicate these developments can be economically developed, funding sources could include bank project financing, cash flow, a sell down of other assets such as Coppermoly or Pacific Kanon, or shareholder equity.
Bob McNeil Chairman and CEO commented: "Imwauna is a very exciting project for NGG and management regards it as the Company's premier project. It has significant advantages of being relatively high grade especially for possible open pit mining, and mineralisation commences at surface. In addition the potential to increase resources is excellent. As noted above, the viability of the project and likely production rate depends on the outcome of the Preliminary Assessment".
SINIVIT MINE DEVELOPMENT
- The Sinivit Mineral Resources are as follows: Indicated, 713,000 tonnes at 5.7g/t gold for 132,000 ozs gold and Inferred, 340,000 tonnes of 3.2g/t gold for 35,000 ozs gold (see NI 43-101 report dated January 2006 at www.newguineagold.ca). The Sinivit oxide gold mineralisation, presently being exploited, at depths of less than 50m below surface is underlain by gold, copper, silver and tellurium (or sulphide) mineralisation.
It is expected that mining of oxide mineralisation will continue until 2011, although if present exploration is successful this time frame could be extended.
Mining the sulphide mineralisation is dependent on the results of ongoing exploration and a positive outcome from a Preliminary Assessment to be completed by early 2010. In that event, in the second half of 2010, or 2011, a mill and concentrating plant would be added to the processing circuit to recover the sulphide mineralisation (gold, copper, silver and tellurium).
The Sinivit resources have been defined near surface within a one kilometer length of a ten kilometer long structural zone. This structural zone is known to contain sporadic, largely untested or unexplored gold mineralisation over its entire length. Excavator trenching is presently in progress to test this zone to the south of the mine, while two drills are operating within the mine area to define additional resources.
Bob McNeil Chairman and CEO commented: "Tellurium is a potentially valuable bi-product at Sinivit in the future. It is presently in short supply world wide, largely due to its use in cadmium - tellurium solar cells. Price over the past few years has increased substantially with the present price about US$220/kg or US$0.22/g. This is equivalent to about 50% of the silver price as at 18th August 2008.
Tellurium assays (using 0.8g/t gold as a cut off) range from 140g/t to 1,600g/t - for example, tellurium relative to gold, silver and copper in historical hole WDD024 are as shown below. At gold values less than 0.8g/t tellurium ranges as low as 10g/t.
-----------------------------------------------------------------------
-----
-----------------------------------------------------------------
-----------
From To Length Gold Silver Copper Tellurium
(m) (m) (m) g/t g/t % g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
138.65 140.15 1.5 11.0 17 0.15 780
----------------------------------------------------------------------------
140.15 141.25 1.1 1.1 5 0.16 250
----------------------------------------------------------------------------
141.25 141.65 0.4 10.0 38 0.80 900
----------------------------------------------------------------------------
141.65 142.45 0.8 12.6 29 1.90 1600
----------------------------------------------------------------------------
142.45 142.90 0.45 2.1 25 1.06 1570
----------------------------------------------------------------------------
142.90 143.35 0.45 12.0 27 3.52 760
----------------------------------------------------------------------------
143.35 143.55 0.20 0.8 18 2.82 640
----------------------------------------------------------------------------
143.55 144.10 0.55 0.8 24 1.81 140
----------------------------------------------------------------------------
----------------------------------------------------------------------------
The true widths of this intersection is not known and we believe the assay
results to be accurate.
Tellurium recovery will need to be demonstrated by metallurgical studies.
OTHER PROJECTS
- As reported earlier, Coppermoly Ltd successfully listed on the Australian Securities Exchange in January 2008 (NGG hold approximately 49% interest). A Press Release dated 1st August listed the results of the initial drilling at Simuku which encountered the best drill and trench results from the project to date. Coppermoly has three diamond core rigs in operation.
- The Pacific Kanon Gold Prospectus (presently 50% NGG and 50% Vangold) should be completed (NGG will hold approximately 30% after IPO) in mid August 2008 with the IPO open in September/October 2008. Bolder Investment Partners is the sponsoring broker.
- In the longer term, depending on circumstances, NGG's equity in Coppermoly and Pacific Kanon could be distributed to shareholders or sold to generate cash reserves.
SINIVIT PRODUCTION UPDATE
The Sinivit Mine is at present operating satisfactorily, however, processing problems reduced production in June and July. These have now been rectified.
- In a Press Release in June it was predicted that 40,000t of mineralisation would be leaching by end of June. This milestone was not reached until mid July.
- In July due to the prolonged breakdown of the cone crusher, gold production was set back by a month. The crusher, owned by NGG, is maintained and operated by the mining contractor, HBS Machinery. A crushing expert visited the operation and has recommended placing an additional cone crusher in the circuit to both increase production and prevent a hiatus in production in the future.
- By the end of August 55,000 tonnes is scheduled to be in vats and leaching.
- An additional 8 carbon columns have been obtained (total 16) to allow NGG to operate up to 5 vats simultaneously. Four vats should be in operation by the end of August. This will greatly enhance production capability.
- The initial vats used for plant commissioning were relatively shallow - of the order of 3 to 4 meters deep. Relatively rapid recovery was achieved with 80% recovery estimated over about 2 months. Subsequently the first major production vat (Vat 2) was large, oval shaped and deep (up to 10m deep). Experience has now shown that these deep, and oval shaped (in the case of Vat 2) vats tend to compact the crushed gold mineralisation to the extent that permeability is reduced.
This in turn substantially decreases the leaching rate to the extent that we now predict it may take 6 months or more to complete leaching of Vat 2. It should not, however, effect the ultimate gold recovery. This is one of the reasons that production of gold decreased in June/July rather than increased. The other reason was the breakdown of the crushing plant for most of July and a problem with the gold stripping plant (both now rectified).
To resolve the leaching problem, future vats will be rectangular for ease of laying liners and restricted to 4/5 meters deep, maximum, to reduce compaction. This change requires more vats than originally planned which may result in a small increase in operating costs. The first of these additional vats, Vat A, (about 10,000 tonnes), is completed and presently being filled with crushed mineralisation. Vat 4 (about 8,000 tonnes), has commenced filling. The earthworks for Vat B (about 10,000 tonnes) are completed.
- A total of 1,730ozs of gold and 242 ozs silver were produced in the quarter to end of June 2008. We now estimate that 1,900ozs will be produced in the September 30th quarter, increasing to 5,500zs in the December 31st 2008 quarter. Production is expected to further increase to 7,500ozs in the March 31st 2009 quarter, after, and subject to the completion of the crusher grade. The lower level of gold production in the September quarter (from forecast production) is a direct result of the fact no mineralisation was mined or crushed in July, and the slower leaching rate. - The site operating costs at Sinivit are running at a monthly rate of approximately US$550,000. As both the PNG Kina and Australian dollar have depreciated by 10% or more, costs in US$ terms should decrease in the future.
- A series of aerial photographs of the site are now available at www.newguineagold.ca. Click on any photograph to enlarge and view in detail. The photographs illustrate the extensive civil works, now largely completed, that were necessary to get to this stage of the operation.
Bob McNeil Chairman and CEO commented: "After production problems in late June/July, mining and processing is now proceeding to forecasts and production should continue to increase over the remainder of 2008".
OTHER
We are finalising a Press Release re a further 242 RC drill holes at Sinivit which we expect to release Wednesday 20th August 2008.
Investors are cautioned that the development of Sinivit is proceeding in the absence of a full feasibility study. These evaluations are preliminary in nature and are based entirely on indicated mineral resources, which have not been categorized as mineral reserves. There is no assurance that the operating and financial projections in the preliminary assessment will be realized. Mineral resources that are not reserves do not have demonstrated economic viability. Measured and indicated mineral resources are that part of a mineral resource of which quantity and grade can be estimated with a level of confidence sufficient to allow the application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit.
Full details of the Sinivit Project are described in an Independent N1 43-101 report dated January 2006 which is available at www.newguineagold.ca.
The information in this release was prepared under the direction of Robert D. McNeil a Fellow of the Australia Institute of Mines and Metallurgy and a "qualified person" as defined by National Instrument 43-101. Mr McNeil has read and approves the information contained herein.
For further information on this release or on other NGG projects such as the Sinivit Gold Mine, contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net or access our website - www.newguineagold.ca.
ON BEHALF OF THE BOARD
R.D.McNeil, CHAIRMAN & CEO
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy of this release.
NVT.v Keeps putting out news (guess they don't celebrate independance day LOL)... I believe there are a number of reasons why you should take a look. I hold a number of mining/energy stocks that the members here play, but post on NVT because no one else does. They have been very busy & put out a lot of news this year and I have noticed that most of what they’ve promised has been delivered in a timely manner. Quite possibly they are working to prove up and sell the Nortec resources just as the same management just did with Frontier Pacific FRP or FRPMF last week Jy3rd to Eldorado. ..Nortec has the same management and they have proven good to the share holders of Eldorado with the sale and most recently NVT at they have been increasing market cap, PPS and support levels.
Eldorado Gold Corporation:
Frontier Pacific:
Board Members Mohan R. Vulimiri - Chairman
Stewart Blusson - Boardmember
Victor Bradley - Boardmember
Jonathan C. Goodman - Boardmember
G. Ross McDonald - Boardmember
Peter F. Tegart - Boardmember
Executive
Officers Peter Tegart - President & CEO
Mohan R. Vulimiri - Chairman & CFO
Giovanna Martino - Corporate Secretary
Nortec Ventures:
Victor H Bradley Boardmember
Board Members Grant F. Crooker - Boardmember
Ernest S. Peters - Boardmember
Richard L. Richards - Boardmember
Peter F. Tegart - Boardmember
Mohan R. Vulimiri - Boardmember
Executive Officers Mohan R. Vulimiri - President & CEO
Peter Tegart - CFO
Ernest S. Peters - Secretary
Eldorado's Bid for Frontier Successful
7/3/2008 8:03:13 AM - Market Wire
http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Foverview%2Easp%3Fsymbol%3DFRPMF%26table%3DLIST
Eldorado's offer, based on the recent closing price of Eldorado's common shares on June 13, 2008, represents a premium of 43.3% to Frontier's share price on April 18, 2008, the last day prior to the announcement of the Offer;
http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DFRPMF%26newsid%3D6939241
Recent addition of Victor Bradley was a good move and brings credibility and finance options
Victor Bradley is a Chartered Accountant with forty years experience in the minerals industry. Mr. Bradley has a very successful career in numerous large financings as well as taking junior public companies to a senior level. He joined the board of Nortec Ventures Corp. in Nov. 2007. His experience includes 15 years with Cominco Ltd., where he held a wide variety of financial positions including Corporate Controller. He also served as the Chief Financial Officer of MacIntyre Mines. He is the founder and Lead Director of Yamana Gold Inc. (TSX:YRI), a Toronto-based company listed on the Toronto , NYSE (AUY) and London AIM (YUA) Stock Exchanges, and as well was the founder of Aura Minerals Inc. (TSX:ORA), a Toronto-based mineral exploration Company. He is also the founder of Nevoro Inc.
Nortec insiders have been buying NVT for awhile and most recently in June.
Nortec is very active at 3 properties currently and the Phase 1 & 2 results for the Kaukua Platinum – Palladium – Gold (PGE + Au) – Nickel – Copper Property, Northeastern Finland thus far have been great and very similar to North American Palladium’s 74.1 million tones grading 1.39 grams PGE platinum deposit located 75 kilometres to the west.
Geological Survey of Finland (“GTK”) carried out detailed field work Kaukua in 1999 and 2004 showed signifigant mineralization. They found the mineralization at Kaukua to have very similar modes of occurrence to the North American Palladium’s Portimo platinum deposit located approximately 75 kilometres to the west. Outokumpu and Goldfields have delineated 74.1 million tones grading 1.39 grams PGE + gold (approx. 3.3 million ounces).
Lastly the latest news and very well done, easy to read, Corporate presentation from June 15th 2008
http://www.nortecventures.com/
Hope someone at least takes a look, throws an opinion or appreciates the info.
Checkmate28
NVT.v Inside purchases in June
un 13/08 Jun 10/08 Walter, Etienne E.V. Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.270
Jun 13/08 Jun 10/08 Walter, Etienne E.V. Direct Ownership Common Shares 10 - Acquisition in the public market 34,000 $0.265
Jun 13/08 Jun 03/08 Walter, Etienne E.V. Direct Ownership Common Shares 10 - Acquisition in the public market 2,000 $0.260
Jun 13/08 Jun 03/08 Walter, Etienne E.V. Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.255
Jun 13/08 Jun 03/08 Walter, Etienne E.V. Direct Ownership Common Shares 10 - Acquisition in the public market 35,000 $0.240
Bobwins Wish I knew you were going to the show. You didn't happen to stop by the Nortec Ventures booth NVT.v did you. Their Kaukua property drilling program is turning in excellent Platinum and Palladium results that are looking more and more like it will support a profitable open pit mine.
Seems no one heard my several posts of DD on the company but its up over 50% since I brought it to the board and still strong today after the show.
Kauaicat, NGG Great news on the NI43 101
NGG & AUN Two favorites with great news.
New Guinea Gold Corporation: New Guinea Gold Pours 1,060 ozs of Gold in May 2008
- New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) - - New Guinea Gold (NGG) poured and sold 1,060 ozs of gold and 117 ozs of silver in May 2008 at the Sinivit Project in Papua New Guinea. - At the end of May approximately 30,000 tonnes of ore at a grade of between 5 and 6g/t gold was leaching in Vats at Sinivit. - NGG expects to have 50,000 tonnes leaching at the end of June 2008. Bob McNeil CEO and Chairman noted: 'May was our first significant month of gold production for Sinivit and all aspects of the project are on schedule to increase production in June to 1,500/2,000 ozs, and in July to 2,000/2,500 ozs. We expect to add approximately 20,000 tonnes of ore per month to the vats in each month in the future to reach our target production rate of 35,000 ounces annually. 'In addition to our progress at Sinivit, the new resource estimate for the Imwauna Project, at the Normanby Property is still on schedule for release in mid June. Drilling is continuing at both the Sinivit and Imwauna Projects. NGG's 45% owned, and associate company Coppermoly Ltd, is also drilling ahead at its Simuku copper, gold, molybdenum system and has commenced exploration at its Mt Nakru copper, gold molybdenum property. Excavator trenching has also commenced at Pacific Kanon Gold's (presently 50% owned by NGG and 50% by Vangold) Fergusson property. An update on the status of the Pacific Kanon Gold IPO will be issued in the near future'. NGG is beginning its annual Investor Relations Roadshow. RD McNeil will be meeting current and prospective investors in London, June 3-6, in Toronto June 9 and 10th, and in Vancouver form June 11 to 18th. The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy of this release.
Nortec Strikes more excellent Platinum grades and ready to resume trading off yesterdays halt. Has anyone read any of my last 5 posts here and have a comment?
Nortec Ventures Corp.: Excellent Results From the Phase II Core Drilling Program, Kaukua Property, Finland
5/27/2008 4:59:47 AM - Market Wire
From Stockhouse.
Great grades. I read 3 more holes proving up an average of 37 meter depth of 1.46g/t of precious PGE + AU plus Cu and Ni credits. They needed this.
Furthermore, these holes are to the far west and far south east of the drilling area and significantly increase the inferred mineral resource reserve and may justify a open pit mine.
Big question is, what is beyond and below this already great advanced exploration area? and will the company move into the development stage?
One thing for sure ---- Nortec is still in the game.
http://nortecventures.com/media/prv_1202838228.pdf
I urge you guys to take a look at NVT.v Nortec Ventures. Although they are an exploration company not fitting with the typical strategy of near term producers the board likes here, they are in a position right now that is deserving of a hard look. Their Platinum Palladium plus Gold drilling results have been very promising and there are several near term catalysts right now. Starting to get some quality posts on the SH board.
Officers of Nortec are the same as those of Frontier Pacific FRP.v that is currently being perused by Eldorado Gold Corporation. This management team is well experienced and has been forging along in a seemingly honest fashion with Nortec share holders.
I believe that if the short term pieces fall together they’ll have a very good recipe for success with a low downside risk. If Eldorado closes on Frontier, than that could provide friendly financing for Nortec to continue proving up its growing list of properties. I've spoken with IR and they seem very excited about the current drilling results and upcoming summer activities.
Happy Holidays
Checkmate28
Eldorado Gold Corporation:
Frontier Pacific:
Board Members Mohan R. Vulimiri - Chairman
Stewart Blusson - Boardmember
Victor Bradley - Boardmember
Jonathan C. Goodman - Boardmember
G. Ross McDonald - Boardmember
Peter F. Tegart - Boardmember
Executive
Officers Peter Tegart - President & CEO
Mohan R. Vulimiri - Chairman & CFO
Giovanna Martino - Corporate Secretary
Nortec Ventures:
Board Members Grant F. Crooker - Boardmember
Ernest S. Peters - Boardmember
Richard L. Richards - Boardmember
Peter F. Tegart - Boardmember
Mohan R. Vulimiri - Boardmember
Executive Officers Mohan R. Vulimiri - President & CEO
Peter Tegart - CFO
Ernest S. Peters - Secretar