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if you look for an upcoming producer, check out Labrador Iron Mines (TSX)
they will start production next spring of iron ore
margins will be great and there is a compelling growth story! they also keep expanding resources
I also think they will get bought out by one of the bigger iron ore players
LIM again on fire
LIM TSX $9.25 +1.18 +14.62%
LIM making all time highs today
Labrador Iron Mines
ask is 0.027, lets hit it...
nice... hopefully will give me some nice buying opportunities for MLL, OGC and ORV :)
yep I guess this will be the 'biggest news' of this year for Sarissa
"He noted the possibility of someone buying up the company, but said a buyer would probably want production capabilities lined up first"
nothing material yet
that's what being worked on this year mainly
links to Creso:
"This Press Release has been reviewed and approved by Mr. Michael
White, M. Sc, P. Geo., the Qualified Person under National Instrument 43-101. "
this is the same Mr White who was a consulting geologist for the Deadmoose property
http://www.sarissaresources.com/pages/posts/sarissa-resources-inc.-announces-favorable-results-of-airborne-survey-on-deadmoose-lake-property11.php?p=50
also we sold one property to Creso in 2008 ago:
http://www.sarissaresources.com/pages/posts/sarissa-resources-inc.-is-pleased-to-announce-the-completion-of-the-property-deal-with-creso-resources-inc.17.php?p=40
OCO 0.36 +0.05 +16.13% something big must be coming...
OCO - Oroco Resources
anyone familiar with them? I bought some shares of that one this week and it ran nicely today
they have a NI43-101 with 383,833 ounces of gold and 6,080,000 ounces of silver (measured and indicated) in Sonora, Mexico
they plan to put in production, a preliminary feasibilty study should be out somewhere next week or so
it is thought that they would produce about 20k oz per year at a cash cost of only $280/oz, and a capital cost of $25M
it only has about 50M shares fully diluted which means it has a very low market cap of $15M or so
http://www.orocoresourcecorp.com/
probabably because there were other developments
the sole reason they got involved is because Merle is a resident of BC
the BCSC randomly looks into financials, filing etc of every company based in BC, or has links to it
from the CTO: "Sarissa is not a reporting issuer in British Columbia. However, it conducts investor relations activity in and from British Columbia."
yep im still looking for a break of 0.04 in the near term
Gerald Parkin at it again:
http://www.lautorite.qc.ca/pdf/com09dec-enquete-carrefour-bouchard-ang.pdf
http://www.bdrvm.com/documents/decisions/2009-041_AMF_c_NORMAND%20BOUCHARD_GLOBAL.pdf
130 Rue des Châtelets
Laval (Montréal), QC H7W 2T5, Canada
they have a pretty significant exploration program underway though
remember they target a resource of 10M oz gold
yes that's how i see it too
who knows, maybe it does, maybe it doesnt!
it was someone with a large sell order at the start of the day which triggered it
it was either a market order, or a limit order which was set very low
wasn't the brightest move to dump so many shares on a micro cap stock which typically dont have much volume
buy low, sell high - this is low!
what the ask now? RT?
lets close at 38, hit the ask! ;)
we'll hit 0.04 for sure :)
when 0.04 is broken, 0.05 will be there soon, little resistance then
traders
good volume already this morning 1 302 774 so far
it will do the slow and steady climb up first and then a dramatic rise... like it has done before so many times
yep it'll get tested soon :)
since most of the shares are held by institutions/insiders, everything was already priced in... that's why it was declining and we were clueless
the final selling the day of the results was retail panicking, dont expect it to get much lower than this, it will probably start a climb up now even!
remember, we are always the last to know!
i think 0.04 will get tested today
as Scott explained earlier, essentially they were not doing exloration drilling, but confirmation drilling!
thanks for this DD and sharing it with us!
let's hit that ask :)
the drop today is leading to an excellent buying opportunity again... the news is not great but it's just a short term hiccup that will get remedied in the long term
they were a bit too agressive in their predictions!
0,04 soon :)
syracuseo: watch this
http://www.usgold.com/news-article/321/
ex Goldcorp CEO explaining the exploration business is something that takes a lot of time to get to the mining stage
diamonds... the area has been explored in the past for diamonds. Sarissa isn't exploring for diamonds in any way! If they stumble upon one, they are lucky bastards!
future dividends... likely, but that is many years away!
at least thanks to him Sarissa is high up on the active ihub boards today :)
post more! give us more exposure!
can someone post the L2? need more shares :)