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ORVANA ANNOUNCES PRODUCTION AT DON MARIO UMZ COPPER–GOLD–SILVER MINE, BOLIVIA
Toronto, Ontario, April 5, 2011 – Orvana Minerals Corp. (TSX:ORV), through its
wholly-owned subsidiary, Empresa Minera Paititi (“EMIPA”), is pleased to announce
production has started at its new leaching–precipitation–flotation (“LPF”) plant at its Don
Mario Mine, Upper Mineralized Zone (“UMZ”), in Bolivia.
“We have already stockpiled over 200,000 tonnes of ore from the UMZ. Since the initial
production will be in higher-grade ore, in the first few years we expect to produce
significantly more copper, gold and silver than the average annualized production over
the life of the mine.” said Carlos Mirabal, President and Chief Operating Officer of
Orvana.
“We congratulate the entire team at EMIPA on the commencement of production. The
team completed this project under the budget of US$20 million. While we did have
some delays in the permitting and construction of the sulphuric acid plant, we will now
be able to benefit from strong copper, gold and silver prices, all of which is unhedged”
emphasized Roland Horst, CEO of Orvana.
copper is on a run today, +4%
i feel most safe holding ORVANA MINERALS (ORV)
OROCO EXTENDS MINERALIZED ZONE AT CERRO PRIETO
http://www.orocoresourcecorp.com/News-Releases/March-7-2011.html
VANCOUVER, British Columbia – (March 7, 2011) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that it has extended the mineralized zone at its Cerro Prieto Project over 500 meters to the south from the current resource area which was the subject of a recent Preliminary Economic Assessment (the “Current Resource Area”). See the Company’s news release of December 15, 2010.
The Company conducted a surface sampling program from 150 N, being the southern edge of the Current Resource Area, along approximately 500 meters of strike extension to line 350 S. It is important to note that the samples were taken only where the mineralized zone was exposed and no attempt was made to extend the exposures. Results of the sampling program are contained in the following table.
SECTION NO.
LENGTH (m)
AU (g/t)
AG (g/t)
PB (%)
ZN (%)
150 N
5.2
4.79
21.5
0.16
0.33
100 N
12.9
0.46
21.4
0.30
0.76
and
9.8
4.08
36.2
0.34
1.01
incl
5.1
7.40
63.5
0.54
1.57
050 N
6.1
2.05
9.0
0.72
1.21
incl
1.5
5.81
9.6
0.66
1.41
000 (2008)
8.1
0.52
11.7
0.31
0.89
incl
1.6
1.43
13.4
0.55
2.09
000 (2011)
1.5
0.35
17.1
0.53
1.22
025 S
8.1
0.52
11.8
0.31
0.89
incl
0.8
2.24
15.7
0.76
1.39
042 S
1.2
0.43
158.0
0.85
1.16
070 S
1.0
0.18
4.4
0.06
0.21
100 S
6.0
1.28
12.8
0.17
0.41
incl
0.9
5.59
8.8
0.12
0.09
125 S
0.8
5.19
25.0
0.11
0.32
150 S
4.7
2.36
28.0
0.09
0.25
inc
1.8
5.71
25.5
0.13
0.53
200 S
4.7
0.25
23.9
0.07
0.21
220 S
1.1
1.78
250.0
0.06
0.07
227 S
2.4
0.71
78.8
0.20
0.27
incl
0.9
1.32
92.9
0.24
0.17
236 S
2.5
0.38
79.7
0.17
0.46
250 S
2.4
0.99
109.2
0.63
0.86
272 S
5.5
4.64
53.3
0.41
0.60
290 S
2.3
2.53
38.1
0.38
1.20
300 S
8.0
2.49
93.4
0.16
0.54
350 S
0.5
0.26
27.1
0.15
0.71
The results of samples from 150 N to 000 were previously stated in a press release of November 28, 2008 which reported surface sampling from 000 to 1250 N.
Line 000 to 250 S are contained within the Elba concession, a 5.82 ha concession to which the Company recently acquired a right to purchase (along with the 20 ha Huerto De Oro and 9.79 ha Reyna De Plata concessions which lie to the east of the Cerro Prieto Project). The Company had intentionally left an untested 150 meter buffer zone between the southern edge of the Current Resource Area and the northern boundary of the Elba concession. Locations of the Elba concession and grid references may be viewed on the Oroco website at
www.orocoresourcecorp.com/projects-Cerro-Prieto-Project-Maps-and-Sections.html.
The recent sampling program was undertaken for reason that the Company is planning a drill program to increase the size of the Cerro Prieto deposit beyond that delineated within the mine plan presented in the recent Preliminary Economic Assessment.
Qualified Person
Kenneth R. Thorsen, B.Sc., P. Geo., is a director of the company and is a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators. He has verified the data (including sampling, analytical and test data) and prepared or supervised the preparation of the information contained in this news release.
About Oroco
Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold-bearing oxide zones of its Cerro Prieto Project in northern Sonora State, Mexico. In late 2010, Oroco received a positive Preliminary Economic Assessment for the Cerro Prieto project. The Cerro Prieto Project consists of the San Felix, San Francisco, Elba and Cerro Prieto concessions, totalling 2,729 ha, and the contiguous 4,224 ha Argonauta 6 concession.
For further information, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200
www.orocoresourcecorp.com
PDAC 2011: China Remains Small Player In Global Mining M&A – PwC
06 March 2011, 10:17 a.m.
By Debbie Carlson
Of Kitco News
http://www.kitco.com/
(Kitco News) -Chinese firms represented only 6% of global mining mergers and acquisitions in 2010, but the country will take a more aggressive approach to M&A this year, an advisory firm said Sunday.
Acquiring firms from Canada continue to the top list in mining M&A at 36% of that type of business done, with the U.S. and Australia tied for second at 16%., according to PwC’s Mining Deals report.
“The reality is China has been a very active investor in global mining projects in recent years, but its current market share pales in comparison to Canada and other developed countries,” says John Nyholt, national leader of transaction services, PwC. “Chinese-led M&A this decade has been impressive, but consider that Rio Tinto and Xstrata alone have completed more acquisitions during the first ten years of this millennium than all Chinese buyers collectively.”
Out of 2,693 deals tracked by PwC, there were 713 deals in 2010 involving a Canadian buyer as monitored by the PwC report compared to 161 involving a Chinese buyer.
In the first month and a half of 2011, a record US$27 billion have been announced, with 81% of those involving firms with interests gold, iron ore, coal, copper and fertilizers.
Looking ahead to the rest of 2011, PwC said firms will target junior rare earth and uranium projects and other industries like shale. Chinese firms will take a more aggressive approach to M&A in 2011 and Indian-led deals will likely focus on iron ore and coal supplies.
A challenge for miners will be outspoken criticism from governments, shareholders and non-governmental organizations, with PwC citing Canada’s government rejecting BHP Billiton’s takeover bid for Potash Corp. as an example.
Finally the PwC report said that a continued rally in mining M&A is not a sure thing. “While most of us view the emerging market growth story as an inevitable truth, others question the sustainability of such meteoric growth,” says Nyholt. “Political unrest and macro instability are both clear and present dangers to mining M&A today.”
PwC provides assurance, tax and advisory services and was formerly known as PricewaterhouseCooper.
By Debbie Carlson of Kitco News dcarlson@kitco.com
i can't find any relation between Nio-Metals and Sarissa/Nio-star
totally unrelated, sorry
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF OROCO RESOURCE CORP.
Pinetree Capital Ltd., through a series of transactions ending on Feb. 23, 2011, has acquired ownership of 250,000 common shares of Oroco Resource Corp. through the facilities of the TSX Venture Exchange, representing approximately 0.5 per cent of the total issued and outstanding common shares of Oroco as of Feb. 23, 2011. As a result of this transaction, Pinetree held, as at Feb. 23, 2011, a total of four million common shares of Oroco, including the common shares, and rights to acquire an additional one million common shares of Oroco upon exercise of certain convertible securities. In the event that the convertible securities are fully exercised, the holdings of Pinetree represent a total of five million common shares of Oroco, or approximately 10.2 per cent of all issued and outstanding common shares as at Feb. 23, 2011, calculated on a partially diluted basis, assuming the exercise of the convertible securities only.
This transaction was made for investment purposes, and Pinetree could increase or decrease its investment in Oroco depending on market conditions or any other relevant factor.
DPM conference call starting in 5 min
DPM will be holding an analyst call on Thursday, February 24, 2010 at 8.30 a.m. (EST).
The call will be webcast live (audio only) at: http://www.gowebcasting.com/2181. Listen only call 416-340-2220 or toll free 866-542-4237.
The audio webcast for this conference call will be archived and available on the Company's website at www.dundeeprecious.com.
Q4 earnings:
http://www.dundeeprecious.com/Theme/Dundee/files/New%20Release%20-%20Q4%202010%20%20-%20SEDAR%20-%20Final.pdf
Dundee Precious Metals Inc. ("DPM" or the "Company") (TSX:DPM)(TSX:DPM.WT)(DPM.WT.A) today announced its unaudited results for the fourth quarter ended December 31, 2010. DPM reported fourth quarter of 2010 net earnings attributable to equity shareholders of the Company of $20.9 million (basic net earnings per share of $0.17 and diluted net earnings per share of $0.15). This compares with fourth quarter of 2009 net earnings attributable to equity shareholders of the Company of $3.5 million (basic and diluted net earnings per share of $0.04).
For the year 2010, the Company had net earnings attributable to equity shareholders of the Company of $23.5 million (basic net earnings per share of $0.20 and diluted net earnings per share of $0.19). This compares with net earnings attributable to equity shareholders of the Company of $5.1 million (basic and diluted net earnings per share of $0.05) for the year 2009.
"2010 was an important year for DPM," said Jonathan Goodman, President and Chief Executive Officer. "In addition to reaching the one million tonne a year production milestone at Chelopech and securing downstream processing for our Chelopech concentrate through the smelter purchase, we achieved a 25% increase in gross profit, year over year. With Deno Gold operating at its expanded annual capacity of 600,000 tonnes and Chelopech completing its mill expansion, we expect that 2011 will prove to be even more profitable for our shareholders."
...
looking good! Going to listen to the conference call at 8:30 today
OCO.V doing nicely again today, into the 4's now
not Yukon, but underrated imo: Dundee Precious Metals (DPM)
2 producing mines in Bulgaria and Armenia (both ramping up), another one coming up in Bulgaria, also owns a smelter
projecting to be a 400k ounce/year producer
http://www.dundeeprecious.com/Theme/Dundee/files/01_10_2011_DPM_goldrush_London.pdf
results for the last quarter will be released tomorrow
I'm expecting a lot from Oroco Resources this year!
golden predator is one the best in the Yukon imo
i don't own it (yet) though!
Kaminak is a good one too...
imo you're thinking in the right direction!
those manganese stocks really performed well today
Oroco did pretty good too ;)
The reason why it's still so low is probably because it is so unknown! little promotion
It's the next Timmins Gold/Silvercrest imo
And I really like their management...
http://www.orocoresourcecorp.com/corporate-management.html
oh and I like SGC too! very good grades
looking for an entry point!
just looked into that company, WS
I must say it looks like they have a nice project with very capable management!
It got me interested :)
yes it's a tactic... however it also doesnt turn out as you want. Here is my core position:
Dundee Precious Metals (DPM) very nice projects with production ramping up, construction of a new mine, has serious investments in Avala and Sabina, has its own smelter
Orvana Minerals (ORV) New mine in Spain will start production in the coming months, has a great copper deposit in Michigan, not 'popular' right now because of the delay in the Bolivia mine (switching to another mineralised zone)
Oroco Resources (OCO) similar to Silvercrest, very nice PEA and financing/construction news should be out soon (the mine construction is very low capex and will be done in under a year)
Crocodile Gold (CRK) very undervalued junior producer because of some startup problems and bad weather (australia), has over 5m ounces gold
what do you think about these?
OCO is the one I think will yield the biggest returns in the short term, this one can easily double/tripple imo
its a bit a 'hype of the day' imo
management is excellent though and i'm looking to buy in after it comes down again (which will happen after this hype run)
it's similar to seabridge's deposit, also low grade - high tonnage
why is the TSX-V down on this great gold day?
hasn't seen any drilling yet, just sampling
0.04 going to be 'attacked' this week imo
Riverside Resources - Millrock Resources
which one is the better buy right now?
Both are following the prospect generator model. Millrock’s properties might look a bit more interesting but I like the charismatic Mr Staude from Riverside!
im still kicking myself for not buying into it some months ago!
Eric Coffin about NI43-101:
I think traders worry far too much about NI 43-101 numbers. Contrary to what a lot of people think, most of the companies that are the ultimate buyers for a company like Kaminak don't really care what your 43-101 number is. Anyone spending US$300M, US$500M or $1B mining a project is going to run his or her own numbers internally. They're going to run their own economics. That will be the basis of their decision. It's nice for the market to have an NI 43-101 number, but I think people worry about it too much. If we can see there's a discovery and it's growing, we focus on that. We don't get too concerned about when, or if, a company will put out a 43-101 estimate.
I could point you to companies like Virginia, which was taken out at US$14; it never put out a 43-101 estimate and it wasn't accidental. The company didn't see any point in it. Virginia said, "We know who's looking at us. We know who's probably going to buy us and those guys are doing the numbers themselves. They don't care about a 43-101."
http://www.theaureport.com/pub/na/8330
This goes for Sarissa as will imo!
who's that?
yes I do own it, the PEA was pretty impressing given the current valuation of the stock
did you note the hong kong number at the bottom of the news release?
FOR FURTHER INFORMATION
contact: www.sarissaresources.com
and http://nemegosenda.sarissaresources.com/
Public Relations: Merle Goertz
North America: 866-307-1331
Hong Kong: 852 8174 5996
we'll probably have 'news' early january
Business Day : December 29, 2010 : Tight Rare Earths Market Gets Tighter [12-29-10 2:15 PM]
Companies that aiming to set up a rare earth mine are watching their stocks climb sharply today after China cut export quotas for rare earths. BNN speaks to Anthony Young, VP at Dahlman Rose, about the impact of China's move and what it means for a company such as Molycorp, which he rates a buy.
http://watch.bnn.ca/#clip394580
Gold-Ore Commences Exploration Diamond Drilling on Satellite Targets
Vancouver, British Columbia CANADA, December 16, 2010 /FSC/ - Gold-Ore Resources Ltd. (TSX: GOZ), announces that an exploration diamond drilling program has commenced near its Bjorkdal Gold Mine in Sweden. This drilling will test several satellite targets located three to five kilometers from the mine complex.
During 2010, Gold-Ore completed an airborne magnetic survey covering the Company's 66 square kilometer exploration concessions and collected till samples that were processed to recover heavy mineral concentrates. Gold grains were recovered from till samples in several areas on the property. Selective areas were also flown with a Time Domain Electro-magnetic survey to further define the targets.
Gold rich base metal volcanic-hosted massive sulphide (VHMS) deposits occur throughout the Skelleftea Mining District at the interface between metavolcanic and metasediment rocks. This contact can be traced for 13 kilometres across Gold-Ore's concessions and is the same contact that hosted the nearby Boliden deposit that contained 5.0 million ounces of gold associated with a VHMS deposit. The drill program will initially test four VHMS targets and continue throughout the winter. It is anticipated that each target will be tested with 4 to 6 holes averaging 125 metres in length. Results will be released in a timely manner. Gold-Ore is well funded to evaluate any mineralization intersected in the program and is planning an aggressive exploration program for 2011.
About Gold-Ore
Gold-Ore Resources is a gold mining and exploration company currently focused in the Skelleftea mining district in northern Sweden. The Company's primary asset is the Bjorkdal Gold Mine, which is cash flow positive and unhedged. In addition to Bjorkdal, the Company also has other assets in the district, including the mineral rights to approximately 66 square kilometres surrounding the mine site, as well as the Norrliden Polymetallic Deposit.
For more information please contact the Company at (604) 687-8884 or Troy Winsor at 1-800-663-8072. Bjorkdal property information is posted on the Company's web site at www.goldore.ca
ON BEHALF OF THE BOARD
Glen Dickson, Chairman
The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
1140 - 625 Howe Street,
Vancouver, B.C. V6C 2T6
Ph. (604) 687-8884
Oroco Resource Corp. Announces Positive Preliminary Economic Assessment
Oroco Resource Corp. Announces Positive Preliminary Economic Assessment
VANCOUVER, BRITISH COLUMBIA, Dec. 15, 2010 (Marketwire) -- Oroco Resource Corp. (TSX VENTURE:OCO) ("Oroco" or "the Company") is pleased to announce positive results from a Canadian National Instrument (NI) 43-101-compliant Preliminary Economic Assessment ("PEA") for its 100% owned, open pit, gold and silver Cerro Prieto Project in Sonora State, Mexico. The PEA focuses on extracting the higher grade portion of the oxide zone of the deposit in the initial years of mining operations and demonstrates robust economics using a $1,000 (US) per ounce gold price and an $18 per ounce silver price. Highlights include a capital cost of just $22.2 million; a 92% internal rate of return (IRR); and a $37.5 million NPV (pre-tax, 5-per cent discount rate). At spot prices of $1,350 (U.S.) per ounce gold and $29 (U.S.) per ounce silver, the IRR increases to a 157% and the NPV (pre-tax, 5-per-cent discount rate) increases to $74.3 million.
Mr. Craig Dalziel, President and CEO of Oroco, states that, "The study provides a strong confirmation of the potential at Cerro Prieto and validates Oroco's decision to accelerate the development of the project's oxide gold zones. With the positive economics presented in the study, Oroco is now positioned to utilize the near term economic potential of the project to pursue the significant exploration opportunities which exist along the 15 kilometers of strike length remaining within its 7,000 hectares of land holdings at Cerro Prieto."
Summary of PEA Estimates: Base Case ($US1,000 oz. Au and $US18 oz. Ag): Net Cash Flow $US 45.75 million Net Present Value (NPV) 5% Discount Rate $US 37.45 million Internal Rate of Return 92% Payback Period 0.84 years Mine Life 8 years Processing Rate (Minimum) 545,000 tonnes/year Capital Costs $US 22.2 million Cash Costs per Au ounce $US 430
A Summary of Returns using different gold and silver prices is as follows:
---------------------------------------------------------------------------- Undiscounted Gold Silver Cash Flow NPV at 5% PaybackCase ($US/oz) ($US/oz) (millions USD) (millions USD) IRR % (years)----------------------------------------------------------------------------Base case $1,000 $18.00 $45.75 $37.45 92 0.84----------------------------------------------------------------------------Base case + 20% $1,200 $21.60 $70.44 $58.25 129 0.66----------------------------------------------------------------------------Spot price $1,350 $29.00 $89.54 $74.32 157 0.57----------------------------------------------------------------------------
The study was based on measured and indicated resources, using the resource estimate prepared by G. Giroux, P.Eng., that is detailed in a report dated June 10, 2010 and titled (in part) "A Resource Estimation on the Cerro Prieto Project". Economic pit optimization was run using a $1,000 per ounce gold price and an $18 per ounce silver price.
The PEA was conducted by a group of experienced independent consultants under the direction of Qualified Person Jim Gray, P.Eng., of Moose Mountain Technical Services. Additional consultants with input into the PEA include Art Winckers, P.Eng., of A. H. Winckers and Associates Inc. (metallurgy); Jenna Hardy, P.Geo., Principal of Nimbus Management Ltd. (environmental); Rafael Sanchez, of Sonoran Resources LLC (capital and operating costs); and Ken Thorsen, P.Eng., an Oroco director and the Qualified Person for Oroco Resource Corp., who was responsible for oversight.
According to the PEA, a total of 4,723,000 million tonnes of Leach Feed are scheduled to be mined over an eight year period and will consist of three types of material that will differ in methods of processing. The High Grade and Medium Grade ore are to be crushed to minus 6.25 mm and subsequently heap- leached using cyanide. Recoveries from preliminary metallurgical tests are estimated at 77% for gold and 5% for silver. The overall strip ratio for this mining scenario is expected to be 3.35 to 1. The ore distribution as noted in the PEA is as follows:
1. High Grade Heap Leach Ore - Totaling 2,119,000 tonnes, this ore will be mined and processed during the initial four years of mine life and grades 2.08 g/t gold and 26.83 g/t silver. 2. Medium Grade Heap Leach Ore - Totaling 1,791,000 tonnes, this will be mined and stockpiled in the first four years, and is currently scheduled to be processed during the final half of the proposed production period, unless pre-empted by the availability of newly identified higher grade ore. 3. Dump Leach Ore - Totaling 813,000 tonnes, this lower grade ore will be leached without crushing. Current estimates indicate that 40% of the gold and 5% of the silver is recoverable utilizing this extraction method.
The PEA identifies gold equivalent production totalling 112,000 Au ounces for the four years of initial operations. Cash costs stated for this initial four year period are $US400 per Au ounce.
OPERATING COSTS calculated by Sonoran Resources LLC are as follows:
Operating cost allocations: $US/Tonne Leach Feed Mining ($1.37/t; 3.35:1 strip ratio) 5.96 Processing 3.55 Crushing 1.20 General and Administration 1.00 Operating Costs per tonne of Leach Feed: 11.71 CAPITAL COSTS calculated by Sonoran Resources LLC are as follows: Capital Cost Allocations: $US (Million) Fixed Investments 14.92 Engineering, Procurement, Construction 1.79 Contingency (20% of Fixed Investments) 2.98 Working Capital 2.51 Total Capital Costs: 22.20
The technical report demonstrating the supporting information for the PEA will be completed and filed on SEDAR within 45 days of this press release. It will also be posted on the Oroco web site. Included in the report will be recommendations that are expected to include the following:
1. Further metallurgical tests to quantify the recovery of metals from the low grade uncrushed ore.2. Further metallurgical tests intended to identify methods by which the recovery rate of the silver from the ore may be increased. 3. Further exploration to the immediate south of the current resource with the intention of adding near term resources. 4. Further exploration directly north of the deposit to more positively define the size and grade of resources that currently show a prohibitive strip ratio if mined on an open pit basis, but may be possible to extract by an adit from the pit highwall proposed in the current PEA.5. Further exploration along the cumulative 15 kilometer strike extensions to the north and south of the structure that hosts the Cerro Prieto deposit, including at Cerro Prieto North (five kilometers north of the proposed open pit) where the company has defined mineralization on surface of similar tenure to the Cerro Prieto mineralization. 6. Further environmental field work to conclude studies required for permitting.
The PEA is preliminary in nature and while this assessment has not included Inferred Mineral Resources the engineering parameters of the project are at scoping level. As such they are considered too speculative to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.
Qualified persons under NI 43-101 Mr. James Gray P.Eng., who is independent of the project, and Mr. Kenneth Thorsen P.Eng. have verified the data disclosed in this news release.
The information in this news release may contain forward-looking statements. When used in this release, words such as "estimate", "expect", "anticipate" and "believe" as well as similar expressions are intended to identify forward-looking statements. Such statements are used to describe management's future plans, objectives, and goals for the Company and therefore involve inherent risks and uncertainties. The reader is cautioned that actual results, performance or achievements may be materially different from those implied or expressed in such statements, which speak only as of the date the statements were made. The Company does not update forward-looking statements continually as conditions change.
On Behalf of the Board of Directors of Oroco Resource Corp.
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Neither 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.
Oroco Resource Corp. President and CEO 604-688-6200 604-688-6260 (FAX) www.orocoresourcescorp.com
Source: Marketwire Canada (December 15, 2010 - 8:01 AM EST)
News by QuoteMedia
LIM (TSX) making new highs, broke out of a trading range today
here are some interesting reports on Labrador Iron Mines (and Anglesey, which holds 41% of LIM's shares):
Haywood (target: CAD 13.7) http://www.angleseymining.co.uk/amplc/CorpResearch/HaywoodNov10.pdf
Cannacord (taget: CAD 15): http://www.angleseymining.co.uk/amplc/CorpResearch/CanaccordNov10.pdf
production of direct shipping iron ore starting in March/April
looking good technically... 50MA crossing 200MA, hope it breaks 1.65, then we are off!
you have to see the large scale, high capex low graders as take over candidates, however the question is - when and if?
I found it on google, but I can't recall the exact search term, but scott keevil was in it! lol
i suspect we either merge with a TSX(V) listed company or get listed on there and JV
reading between the lines, this means that the Nemegosenda property will be sold or joint ventured and we'll focus on something new in Indonesia (where Scott has worked for a number of years in the past)
what was the first 'strange' posting btw?
Toronto-based Scott Keevil is looking for a "good grass roots gold prospect" in Java, Sulawesi or Sumatra "for a newly public TSX-v company". CEO of TSX-v-listed gold and base metals explorer, Sarissa Resources, he was a player in the 1990s exploration rush in Indonesia as then president of Spire Ventures (now Consolidated Spire Ventures) which was active in gold exploration in West Java (Cikatomas) and Central and East Kalimantan.
http://www.mystockbuddy.com/forum/showthread.php?p=89777
look at this find! sounds interesting!
did you check the TSX and TSX-V? it's a red day today in general