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In the days out AGI will have 100 to 150 Million shares out if thats a big if yet if they get Financing.
Debt already at 6 million for Dry Dirt that is marginal at 300 dollar gold!
Better hope Gold goes to the moon here.
The US super power will do its best to hold gold down.
How many shares of the 1 Billion will be given out for 120 Million in Financing and at what price?
Capitalization: One billion common shares with no par value of which 33,224,923 common shares are issued and outstanding
The Salamandra property has seen $30-million (U.S.) in development and was the subject of a feasibility study to mine 2.2 million ounces of gold in the Mulatos deposit. At the time the study was completed the project economics were marginal with gold at less than $300 per ounce.
I also got a position in Pele Need more results first.
Chester Millar decided to take on the multimillion ounce Salamandra project in Mexico from Albert Matter's National Gold Corp. The deal was done on the premise that Mr. Millar could profitably mine the million-ounce "sweet spot" at $300 gold. Mr. Millar is probably is fretting that too rapid an ascent in the price of gold will accelerate hefty underlying property payments to Placer Dome and Kennecott
Time traveler offered to divulge "historical facts" such as the whereabouts of Osama Bin Laden and a cure for AIDS.
NEW YORK -- Federal investigators have arrested an enigmatic Wall Street wiz on insider-trading charges -- and incredibly, he claims to be a time-traveler from the year 2256!
Sources at the Security and Exchange Commission confirm that 44-year-old Andrew Carlssin offered the bizarre explanation for his uncanny success in the stock market after being led off in handcuffs on January 28.
"We don't believe this guy's story -- he's either a lunatic or a pathological liar," says an SEC insider.
"But the fact is, with an initial investment of only $800, in two weeks' time he had a portfolio valued at over $350 million. Every trade he made capitalized on unexpected business developments, which simply can't be pure luck.
"The only way he could pull it off is with illegal inside information. He's going to sit in a jail cell on Rikers Island until he agrees to give up his sources."
The past year of nose-diving stock prices has left most investors crying in their beer. So when Carlssin made a flurry of 126 high-risk trades and came out the winner every time, it raised the eyebrows of Wall Street watchdogs.
"If a company's stock rose due to a merger or technological breakthrough that was supposed to be secret, Mr. Carlssin somehow knew about it in advance," says the SEC source close to the hush-hush, ongoing investigation.
When investigators hauled Carlssin in for questioning, they got more than they bargained for: A mind-boggling four-hour confession.
Carlssin declared that he had traveled back in time from over 200 years in the future, when it is common knowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with knowledge of the handful of stocks destined to go through the roof could make a fortune.
"It was just too tempting to resist," Carlssin allegedly said in his videotaped confession. "I had planned to make it look natural, you know, lose a little here and there so it doesn't look too perfect. But I just got caught in the moment."
In a bid for leniency, Carlssin has reportedly offered to divulge "historical facts" such as the whereabouts of Osama Bin Laden and a cure for AIDS.
All he wants is to be allowed to return to the future in his "time craft."
However, he refuses to reveal the location of the machine or discuss how it works, supposedly out of fear the technology could "fall into the wrong hands."
Officials are quite confident the "time-traveler's" claims are bogus. Yet the SEC source admits, "No one can find any record of any Andrew Carlssin existing anywhere before December 2002."
Weekly World News will continue to follow this story as it unfolds. Keep watching for further developments.
Agi mine development is margin at best its real a play on Gold.
Cost is 300 Dollars an oz
Lots better gold stocks to buy or play than AGI.
If The financing don't come its all over here!
Cut-off grade at .08 grams Whoopi
If AGI had a billion tons on there deposit it would be in play but they don't even have a 100mil tons of dirt.
Pretty darn good from 800 bucks to 350 MILLION WOW
Mountain Province Diamonds Inc (MPV-T: $2.06)
Kelvin and Faraday dyke systems extended
During the past couple weeks Mountain Province Diamonds Inc (MPV-T: $2.06)
has made two announcements reporting kimberlite intersections hit by a
recent De Beers drill program on the Kelvin and Faraday bodies. The results
indicate that the Kelvin and Faraday bodies appear to be associated with
kimberlite dyke systems, each of which has a strike of at least 400 metres
and 600 metres respectively. Both dyke systems track a northeast-southwest
trend that intersects the Kennady Lake cluster to the south. The Kelvin and
Faraday bodies are 3 km part; it remains to be seen if kimberlite exists in
the 2 km section between them that has not yet been tested. Drilling has
revealed that the Kelvin body also has an east-west orientation of at least
110 metres, further supporting the theory that it may be a significant
blow. Not enough drilling, particularly at depth, has been done to allow us
to attempt tonnage estimates, but the results do indicate that potentially
meaningful incremental tonnage is present in the Kelvin/Faraday area. This
is important to the Kennady Lake project because initial micro diamond
analysis indicates a high grade comparable to that of the Hearne and 5034
pipes, a statement De Beers makes in the Gahcho Kue information sheet it
handed out at PDAC. (Gahcho Kue is the aboriginal name De Beers has chosen
for the Kennady Lake project in the spirit that Diavik and Ekati were
chosen for Canada's first diamond mines.)
Kelvin and Faraday dykes interpreted as steeply dipping
The way Mountain Province reported the Kelvin/Faraday results has left some
people scratching their heads. De Beers conducted ground gravity surveys on
roughly 600 metre sections covering both the Kelvin and Faraday bodies,
which are located 9 km and 12 km northeast of the Kennady Lake pipes. De
Beers drilled 5 holes in the Kelvin area and 2 holes in the Faraday area.
All holes but one in the Kelvin area intersected kimberlite over intervals
ranging 2.4 metres to 25 metres. The intervals reported by Mountain
Province are described as "horizontal projections" rather than actual
intercepts. These intervals are supposed to represent true widths and
reflect a conservative approach, but it does strike me that De Beers and
Mountain Province are giving their audience less credit than is due.
According to Jan Vandersande, De Beers has interpreted the hypabyssal
kimberlite bodies as near vertical dykes, and because all holes were
drilled at a 45 degree angle at a perpendicular to the strike inferred from
past drilling and geophysical surveys, De Beers has adjusted the intercepts
so as to reflect the true width of the dykes. In other words, the actual
intercepts are 41% longer than the "horizontal projections" reported by De
Beers. To what extent De Beers is justified in its assumption about a near
vertical dip for the Kelvin and Faraday dykes I cannot judge, but if these
dykes are near vertical that is good news for any underground mining
scenario.
De Beers assigns US $111 rock value to Snap Lake kimberlite
A shallow dip of 30 degrees for the Snap Lake dyke De Beers bought for
nearly Cdn $500 million has turned out to be somewhat problematic. In its
Snap Lake information sheet De Beers has dropped the mining grade to 1.46
ct/t, down from the 2 ct/t measured through earlier bulk samples. This
lower figure does not mean the diamond grade of the kimberlite is lower
than reported by Winspear; it reflects the inclusion of waste rock which
has to be taken out along with the kimberlite in an underground mine. This
amounts to a mining dilution of about 27%. The mineable resource is
described as 22.8 million tonnes, which De Beers proposes to mine at a rate
of 3,000 tpd or 1,050,000 tonnes per year. Snap Lake is presently in the
permitting stage and will be the guinea pig for the new Mackenzie Valley
Environmental Impact Review Board. De Beers does not expect its permits to
be granted until the first quarter of 2004, which means it will miss the
2004 winter road window to transport construction materials to the site.
The Snap Lake project will be in "site preparation" mode for most of 2004.
Production is not expected to start until the last quarter of 2006. The
permitting delay, however, may suit De Beers just fine. The Snap Lake carat
value has been slashed from the measured US $105 per carat reported by
Winspear to a modeled US $76 per carat. This drops the rock value down to
US $111 per tonne for projected annual gross revenues of US $117 million.
De Beers has not published projected operating and capital costs, but one
does not have to be a mining engineer to recognize that Snap Lake will
probably do more for the Canadian economy than De Beers' bottom-line.
Did De Beers grossly overpay for Snap Lake?
The wildcard with Snap Lake, as it is with Kennady Lake, is that commercial
production could yield high quality large diamonds whose value is not
incorporated in bulk sample based modeling but which could end up having a
big impact on the bottom-line. After all, it was a couple of large high
value stones in Winspear's mini bulk sample that jump-started the Snap Lake
play in 1998. My guess is that De Beers is quite content to let the Review
Board use the Snap Lake project to figure out its project approval
mechanism so that when in a year or so it comes time to submit Gahcho Kue
for permitting it will take considerably less than four years to start
construction. What strikes me as interesting is that the 5034-Hearne-Tuzo
pipes as they are presently modeled have a rock value and tonnage similar
to what De Beers has modeled for Snap Lake. But while the Snap Lake
resource is pretty much defined and amenable only to underground mining,
the Kennady Lake resource lends itself to open pit mining and has plenty of
room for the development of additional near surface dyke tonnage amenable
to underground mining. Assuming that De Beers is using the same standards
to model Kennady Lake as it has done with Snap Lake, Mountain Province's
Kennady Lake project envisioned as an open pit mining scenario appears to
represent much better value than Snap Lake. When you consider that at
Mountain Province's current price the Kennady Lake project is carrying an
implied value of only $310 million compared to the $500 million De Beers
paid for Snap Lake, it is not hard to conclude that Mountain Province's
price is set to at least double if the upcoming desktop study prompts De
Beers to proceed with a full feasibility study. And if we see improvement
in the modeled revenues and additional evidence of a sub-population of
"super diamonds", a tripling or quadrupling from current levels is entirely
conceivable. The danger with this argument is that De Beers may have made a
huge blunder and grossly overpaid when it bought Snap Lake from Winspear
and Aber for just under $500 million, though I have a hard time seeing
Randy Turner or De Beers supporting that conclusion.
Trying not to read bad news between the lines
Seeing Snap Lake plod towards production and Kennady Lake shift to the back
burner does not make much sense if you believe De Beers is eager to develop
a secure supply of Canadian diamonds. But this fear continues to haunt the
Mountain Province market, which remembers all too well the kick in the
chops it received in 2000 when the Tuzo bulk sample valuations were
revealed. With that in mind, the March 11 news release did include a
comment that took me aback. When Mountain Province stated that "the
additional data obtained from the 2001 and 2002 bulk samples has added some
complexity to the geological model of the 5034 pipe" and "there appears to
be have been several different kimberlite intrusions during the emplacement
of the pipe and different size frequency distributions for the diamonds
might be needed to properly model the different lobes and possibly
different zones in one of the lobes of the pipe", alarm bells started
ringing. Could this be a veiled warning that bad news about lower grade
estimates was on the horizon? Judging from the feedback I have received
from others, all of whom remember the 2000 Tuzo bombshell when an
inconveniently situated lower grade unit came to light and forced all but
the upper high grade 140 metres of the Tuzo pipe out of the mining
equation, and dropped Kennady Lake below De Beers' economic threshold, I
was not alone in this perception. But when queried, Jan Vandersande
insisted that this negative interpretation was not at all his intention,
and suggested that the likelihood for a revision was greater for the upside
than the downside. In particular he pointed out that the Center Lobe of
5034, which had previously been modeled at 2,740,000 tonnes of 1.3 ct/t
compared to higher grades for the other lobes, was the focus for half of
the 6 bulk sample holes drilled into 5034 during 2002. The Center Lobe has
a lower average grade because of a lower grade phase in the western
portion. Carat recoveries were in line with expectations, but the number of
large diamonds recovered was better than expected. As De Beers'
understanding of the Kennady Lake pipes' complexity improves through the
acquisition of additional data, it ends up with more work incorporating the
extra detail into its revenue model for the pipes. Whether the additional
information hurts or benefits the overall value of the 5034 pipe remains
unknown, and one should not read anything between the lines other than that
it is taking De Beers longer to complete its revenue modeling than
expected. Vandersande suggested that the desktop study is essentially ready
and is waiting for the updated valuations which are expected by the end of
March. I continue to maintain a Spec Cycle 100% Hold for Mountain Province.
*Of the above mentioned securities JK owns shares only in GGL and Camphor
[No statement or expression of opinion, or any other matter herein,
directly or indirectly, is an offer to buy or sell the securities
mentioned. While we believe the sources of information to be reliable, we
in no way represent or guarantee the accuracy thereof, nor the statements
contained herein. Kaiser Trackers are available through an annual
subscription to the Kaiser Works by Email at US$199/year. To order contact
Canspec Research at PO Box 6456, Moraga, CA, 94570-6456. Tel: (925)
631-9748. Fax: (925) 631-9753. Email: canspec@value.net. Archived copies
available at www.canspecresearch.com.]
Diamonds well there doing pretty good if you ask me!
MPV Modeled values expected any day from De-beers
DDN
Swv&Nem
SRM
GGL
RDM
Check the charts out as there doing very well in this market.
MPV GET IN BEFORE ITS TOO LATE BIG NEWS COMING
FCP rolling like a river :)
MPV heads up Big buyers coming in
ROTFLMAO
FCP Going To be a hot one today on news
OK enough BS
I guess its West against the East of Canada.Nobody Like the PM out west all he has done is F us.
ROTFLMAO
I didn't say I agree with the War but Canada should have supported the USA even if Canada has F all for war measures.
F-18's is all Canada really has,except for some old ships and other garbage.
I disagree and don't get me wrong Bush is also wrong in this War.
Put it this way if Canada was under attack the US would fight hand our fist for us.
You don't F your partners.
AGI is looking sick these days as it looks like results are not to good.
The whole Market sucks right now!If War drags on everyone will suffer.
Then there is our great Prime Minister who may have just F Canada out of Billions of Dollars from our American trading partners.The Guy is a fool.
Spend a billion on Gun Registry for what.
Mpv modeled values expected any day!1 to watch for trading!
UGMI POPING HERE
March 24, 2003
U.S. believes Russians aiding Iraq
By Arshad Mohammed
WASHINGTON (Reuters) - The United States believes Russian company technicians are in Baghdad helping the Iraqis
operate electronic jamming systems that could impair the U.S.-led war against Iraq, a U.S. official says.
U.S. President George W. Bush telephoned Russian President Vladimir Putin to protest against alleged Russian sales of
night-vision goggles, antitank missiles and global positioning system (GPS) jamming systems to Iraq, the White House said. U.S.
officials said such sales would violate U.N. sanctions.
Foreign Minister Igor Ivanov of Russia, which along with France strongly opposed the U.S.-led war against Iraq, denied Russia
had supplied Iraq with any military equipment in breach of U.N. sanctions.
But U.S. officials said Washington had been worried about the alleged sales by Russian companies for months and had
protested to Moscow at increasingly senior levels, culminating in Bush's telephone call to Putin on Monday.
"The two also discussed United States' concerns, which President Bush discussed, involving prohibited hardware that has
been transferred from Russian companies to Iraq," White House spokesman Ari Fleischer said at his daily briefing.
Asked if Washington had evidence the items were being used by Iraq as it seeks to fend off the U.S. and British bombing
campaign and ground forces marching on Baghdad, he said: "They were not provided for the purpose of sitting on shelves."
The spokesman added: "We do have concerns that some aspects of this may be ongoing. those concerns were raised in the
phone call today."
U.S. officials believe the alleged sales have been carried out by private Russian firms and they want greater oversight by
Russian authorities to stop them.
Speaking to reporters earlier in the day, Fleischer said: "The United States has credible evidence that Russian companies
have provided assistance and prohibited hardware to the Iraqi regime, things such as night vision goggles, GPS jammers and
antitank guided missiles."
A U.S. official who asked not to be named said Washington made its accusations public late last week when it discovered
Russian technicians in Baghdad aiding the Iraqis with the GPS jamming system after the start of the U.S.-led war.
"They are there in Baghdad ... trying to make the system work, the jamming system," said the U.S. official.
"It was the discovery that there are ... Russian technicians helping to make this GPS jamming work in Baghdad that prompted
the internal debate in the U.S. government about what to do and (whether) to go public," the official added.
Allegations of such alleged Russian military sales surfaced on Sunday in the Washington Post, which reported that the United
States had protested against the sales late last week.
Mtself I think Saddam has a few surprises when they get close to bagdad.Americans will have to go in and fight foot by foot.
They cannot just wipe Bagdad off the map with Bombs.
Time will tell but don't count Saddam out just yet.Even if he might be dead.
War will be over in 10 days?I doubt that
SRM I'm hearing good things coming
MPV set to release modeled values next week
UGMI new promotors were hired today out of California and with News coming good time to pick up a few cheap ones
Chief your old flame has diamonds
Rock Resources Inc (2) (C-RCK) - News Release
Rock shows excitement over Sudbury diamond discovery
Rock Resources Inc (2) RCK
Shares issued 11,917,714 Mar 7 2003 close $ 0.12
Monday March 10 2003 News Release
Also Sudbury Contact Mines Ltd (C-SUD) News Release
Also Tres-Or Resources Ltd (C-TRS) News Release
Mr. Graeme Rowland of Rock Resources reports
DIAMOND DISCOVERY INCREASED
Sudbury Contact Mines, in its news in Stockwatch dated March 7, 2003, reported a 68-per-cent increase over its Jan. 24, 2003, report in the number of diamonds found and, more encouragingly, that larger macrodiamonds are being recovered, in the company's sampling program on the Timiskaming project located 20 kilometres west of New Liskeard, Ont.
Rock Resources has an option to earn a two-thirds interest from Tres-Or Resources in the Temagami North 104 claim group and two blocks of these claims straddle the Sudbury Contact Mines Ltd. discovery in Lundy township. The Temagami North 104 claim group has in excess of 30 discrete circular magnetic targets and these claim blocks are proximal to a number of known kimberlitic pipes. These pipes are north of the location where the 101-carat "Nipissing diamond" was found. The Rock/Tres-Or properties are in the southern end of the Timiskaming structural zone which contains the De Beers Victor pipe which is currently in feasibility.
In making the announcement, Graerne Rowland, chairman and president of Rock Resources, said: "This is excellent news for both Rock and Tres-Or alike. Our Rock/Tres-Or claims are right alongside their pipes and infers that our multiple targets there have a high probability of success."
WARNING: The company relies upon litigation protection for "forward-looking" statements.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com
old url (better for printing)
UGMI on CTV tv tonight at 11pm eastern time Military terrorist spy chit
TWEN next week
PAPO up-tickin :) :)
When the mine opening up again
NGT & AAS have fools gold thats all and this is just a pump up on Gold Prices!
If it were that good Mr.Market would be in the Know.
FOOLS GOLD
DDN rumoured Land Aquisition coming :)
PAPO keeps ticking waiting for news
Yes TWEN nice