Your posts have no merit whatsoever. No substance, no show of understanding, no hint that you percieve anything of what is real. You have however earned the highly acclaimed status of ignore. Good riddance.

Airdale

WE DO NOT HAVE $4 BILLION DOLLARS IN DEBT.

Accounting is set up on a two sided principle, debits and credits. It is a system created to imbue accuracy. Both sides must always balance, always. If you post a debit such as $4,000.000,000 in metal reserves, you must post a credits on the other side that total up to that same $4,000,000,000. This does not mean those are all debts,it is simply a balance to obtain accuracy.

How far are we in debt?

SHORT and LONG TERM DEBT IS $1.5 MILLION DOLLARS. We also have almost $15 million dollars in Accounts Payable, money we owe for services rendered. THOSE ARE OUR DEBTS, PERIOD. This is a very solvent company.


Shareholders Equity is also part of our debt. That simply means shares that is outstanding (103,000,000 or whatever it is) times .34 or wherever our current price lies is part of the liability section. It does not mean we are part of the debt. The assets are owned by us.

Stop believing those who are lying in telling you we have $4 billion in debt.

Airdale

Starboy, not hard to attract a big partner at all. The ramp up in the price of gold has everyone in the industry going crazy. The big boys are scrambling worldwide exploring for new mines, JV's and acquisitions. Here is a quote from Barrick Gold's website:

Barrick’s approach is to identify assets that are technically and economically feasible, and ensure that these deposits receive world-class development . We are doing this on a three pronged approach – exploration, acquisition and with local partners.

http://www.barrick.com/Default.aspx?SectionId=1bbdc6ee-52e6-4841-b527-adbf8db96c45&LanguageID=1&....

We have some significant reserves and can attract many suitors to partner with.

Airdale

Thanks Brikk, notables on liabilities.

Receiveables aren't growing much only 4.8 mil from 4.6 so they manage that end of collection.

Accounts payable went from 7 mil to 14 mil in 05, not good but not huge either.

Short and long term debt are about $1.5 million, miniscule compared to assets.

Fixed assets are way up, about six million so it appears that they are attempting to upgrade mines or equipment.

Not much cash but there really isn't anything that is alarming with the sheet.

Rookie, a balance sheet only gives you the status at an exact moment in time. It takes an Income Statement with a quarters time to capture income gains/losses.

It simply looks like a firm that needs capitalization hence us with a big dog partner.

Airdale

Rookie, where are you seeing liabilities, I have only seen the generalized publication of the financials.

Here is the blurb from Yahoo today. It shows only assets. Please note the use of "US and Russian GAAP".

It is the firm RSM Top Audit that has prepared the audited financial statements under US and Russian Gaap and have been retained as the company's official SEC auditors. The highlight of the statements are its USD $4,099,579,465 in total assets, which represents its precious and non-precious metals inventory and reserves throughout their properties. The company's revenue remain low due to the current ramp-up of its operation and joint-venture discussions on its Klyon "Maple"

I have received verbal and written statements that AURC has virually no liabilities. The release states joint-ventue discussions, a hint of what is coming so we can access all this ore but we are pretty much debt free.

Airdale

I believe you will find most countries worldwide that are striving to access the world market are meeting or matching GAAP. The Top-Audit group is a world wide association of accountants utilizing principles based on GAAP.

Airdale

FSU, why would a seasoned investor rely on the answers of a message board member for impirical data?

Why don't you contact AURC and ask them or better yet, contact that small unknown accounting firm RSM-Top Audit. Perhaps you can provide them with some tips on proper GAAP usage.

Airdale

Website grades?

Visual A- it has a rich feel and a decent layout. For a grand opening it is nice but still needs a lot of work.

Content C+ there are many inaccuracies that will need to be upgraded/repaired. For example, they have 7.1 million ounces of AU listed pre-website, on the latest news release 5 million plus and about 4 million listed on the aggregate of all the sites listed. Klyon only hit about a quarter of the estimated reserves.

Best news Section- processing cost estimates have been dropped from $280 per oz to $185-225 per oz. and listed among the lowest in the world. Year round mining is once again mentioned.

Shareholder Communication C They have a section wherein we can send questions but this area still needs huge upgrades to prepare for a bi-weekly communication.

Patience and a little more patience.

It is one more step in the evolution to becoming a real company that produces refined minerals on a quarterly basis and meets the stated goals at the bottom of the cover page:

Aurus is an active gold mining enterprise holding licenses to develop and extract natural resources in the Siberian and Far Eastern Federal Districts.
Its priority goals in doing business are the shareholders’ affluence and the stability of business that would ensure income and growing value.

Airdale

Relax Admiral, they will come. We aren't exploding IMO because there is a whole lotta shorting going on. Mr. Parkin has the OTC listing up his sleeve. When he pulls that ace in-the-hole card out, the pucker factor for MM's will only be matched by our rise in share price. All in good time.

Airdale

Thank you kind Sir, anyone holding this security for the next year plus is going to be a superb investor. All it requires at this point is to exercise some patience. Everything Mr. Parkin has said will happen is happening. Perhaps his timetable is a bit off but his vision is right on.

Airdale

Creede, very nice ride to have with fine folk like yourself. This is only just beginning, in the next month we should have a plethora of announcements and info given to us, the affluent to be.

Cheers,
Airdale

Holy crap Batman. Look at all these weekend posts. The interest is building exponentially with this stock.

And look at that Website, “Its priority goals in doing business are the shareholders’ affluence” .

I have owned many a stock that had a Website that looked like Gilligan from the Island had collaborated with the Beverly Hillbilly’s in the production. How do I view AURC’s new wrapping? It is very elegant, rich, tasteful and expensive looking. Many have whined profusely while awaiting the unveiling but I predict an inside that matches the wrapping.

Our partners the Russians hold around 80 million shares, our management partners around 20 million and we the shareholding partners around 22 million. Debt? Virtually none and no, preferred shares don’t exist, we are all equals in our aligned interest to see ourselves become affluent. Nice word, I like how it fits.

4 billion in audited assets will also show on the Website, can you say OTC listing and total transparency is on the way. Also a Frankfurt Exchange Listing should be up real soon as we follow NDOL through the process.

Following up will be an almost sure partnership and we are on our affluent merry way. Happy Monday AURC longs.

Airdale

I am gone for the rest of the day. For the record, I really like NDOL as a stock but feel AURC has far more upside, hence that is where my money lies. I would appreciate someone showing the following to Happycoins on his next NDOL update here at AURC.

NDOL (most likely) 48 mil barrels @ $75= $3,600,000,000.00 reserves, shares out 243,000,000 giving $14.81 per share in reserves.

AURC 7.1 million ounces of gold @ $650 per oz $4,615,000,000.00 reserves, shares out 113,400,000 giving $40.70 per share in reserves.

Note, about 2/3 NDOL barrels are only listed as probable. In fairness, the cost to produce oil is far less percentage wise than the cost to produce gold. However, check the oil tax structure from the Russian Federation. It's brutal, therefore I consider this a wash.

AURC reserves are proven and silver isn't even listed. Both oil and gold are on the rise.

If he needs help with math like he did earlier with spelling, I hope someone can help out.

Airdale

Happypennies, Gerald Parkin has a very productive mind. He is part of both NDOL and AURC. They also have a producing "mine". People here are very aware of both securities so you can stop spamming. Oh, by the way, Gerald told me he thinks AURC has more upside. See you as we pass by at some point.

Airdale

It is listed on the top of this webpage Mfbeale.

One other item, Mr. Parkin always refers to "my partner is in Russia". I get the feeling that the vast bulk of the 19 million shares are split between only two individuals. Personally, I hope both of them make a decadent amount of money. I think they have both bitten off far more than they expected in getting this going and yet have remained very personable to all who make contact.

One last note, in a gold newsletter several weeks back when we retraced from around 645 per oz to about 605, one Kitco writer stated that 638 was our next level of resistence. We are currently above that level for the 9th time. New plateaus seem to be around 25-30 points.

Airale

Mfbeale, Mr. Parkin has said the Russians hold 80% of the restricted float to several people. He has "implyed" that management holds the other 19 million shares.

Airdale

Nice job Benz. Now we need to find some company with equipment lying around that would be willing so process the ancillary metals in which AURC currently has no interest. Might pay the light bill.

Airdale

MarcG, 100k more than the last poll.

Airdale

Yup.

SEC Approves Amendments to the Short Interest Reporting
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_016329
NASD Notice to Members 06-14 - April 2006

SEC Approves Amendments to the Short Interest Reporting Requirements; Effective Date: July 3, 2006
Executive Summary

On February 3, 2006, the Securities and Exchange Commission (SEC) approved amendments to Rule 3360 relating to the short interest reporting requirements.1 The amendments expand the short interest reporting requirements to over-the-counter (OTC) equity securities. The short interest reporting requirements, as amended, are set forth in Attachment A of this Notice. The amended short interest reporting requirements become effective on July 3, 2006.



Questions regarding this Notice may be directed to the Legal Section, Market Regulation, at (240) 386-5126; or Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8071.



1 See Securities Exchange Act Release No. 53224 (February 3, 2006), 71 FR 7101 (February 10,2006) (File No. SR-NASD-2005-112).


View Full Notice PDF 50 KB

If you don't want shortie borrowing against your shares, that's great, nice going.

For others who have margin accounts, they have to set their account up like yours to stop the shorting.

With a margin account, you can put your AURC shares up for sale at $1,000,0000.00 per share. Guess what, the shares will sit in your account forever and can be shorted against. Others may have to contact their broker and request the cash account setup for no shorting, if that is their choice.

Airdale

Benz, I always like to see your posts, an experienced knowledgeable voice. Thanks, been sitting here grinning at all this wondering when the crowd would figure out the effort was futile.

Airdale

Sadly I believe this is a fable, placing your shares for sale at a far higher price will not stop them from being borrowed against for shorting. Here is an email describing the process you must use to cease the process from Ameritrade. Airdale

You need to trade in a cash account versus a margin account.

xxxxxx xxxxxx:

A margin account permits investors to borrow funds from their brokerage firm to purchase marginable securities on credit and to borrow against marginable securities already in the account. All securities and other property held in the margin account may be pledged, re-pledged, hypothecated, or re-hypothecated, without notice to the account owner and Ameritrade may or may not retain in its possession or under its control an equal amount of similar property or securities. Ameritrade is authorized to lend any securities held on margin in the account to itself as broker or to others, unless and until Ameritrade receives written notice of revocation from the account owner.

Clients who have a debit balance in their margin accounts may have their stocks loaned to Ameritrade as broker or to others. If you wish to not have your securities loaned out , you will need to either:

1) Reduce your debit balance to zero by liquidating securities or depositing funds to pay the debit amount.

Or

2) Elect to have all securities in your account exempt from short sell loans. Your request will apply to all positions in your account; requests cannot be made for specific securities only. If you prefer this choice, send a written request stating that you do not want your securities loaned for short sell transactions. We can only take this request in writing, not via phone. Mail the written request to:

Ameritrade Clearing
Attn: Security Lending
1005 North Ameritrade Place
Bellevue, NE 68005

Please be sure that your request is received 10 business days prior to the ex-dividend date to ensure your shares are not loaned on the ex-dividend date. Please keep in mind that your request will apply to all positions in your account; requests cannot be made for specific securities only.


Sincerely,

Tovunya C.
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.

Seems you know more about technology than you are letting on.

Agreed on the point about having open minded discussions, that would be healthy for all shareholders. However, when someone blatantly attempts to deceive others it completely erodes the credibility and the strength of their argument.

Like you, I have some issues with PBLS. All stocks like all people have flaws. As you have attempted to show with your vast DD, this stock has some extraordinary assets for a Pinkie that far outnumber the negatives.

I just hope people see our "wealthy holder" as what he really is, very one sided and unable to move the stock if he dumped his firms shorted shares.

Airdale

PNEW, one other observation. Please review the number of posts by the "big hitter" in the past several months and look at the correlation of share rise to bashing posts. The past two days specifically where the share price has gone way up aligns with the amount of bashing posts in an attempt to control said rise. Gee, a bonafide boiler room lackey.

Airdale

PNEW, my thoughts are very much aligned with yours and have been since the "largest holder" of PBLS appeared. Why would a person with such vast resources place those assets at risk by acquiring a Pinksheet security they obviously dislike? Intelligent people with wealth don’t make mistakes of this type. Further, why continue to place “said” assets at risk by continuing a tirade on the firm and main principle.

You can review almost every post by said big hitter and Paul Alonzo is belittled almost to the point of libel. If one were to read exclusively the posts by said holder of massive share position, you would be lead to believe this firm is lead by an inept, dishonest, self serving buffoon. Isn’t it odd that all the individuals that have made personal visits present a view that is juxtaposed to the views of this poster?

IMO, the buffoon isn’t the company President and the referenced poster isn’t presenting the truth about Mr. Alonso, or himself. No matter how endearing said poster attempts to be with his cute, friendly little sign off signature, a rat is still a rat.

Airdale

West, I gotta tell you. Your post yesterday mocking some of the advice spewing newbies had me chuckling on and off for hours. Like I've said before, you do tell it like it is.

Airdale

"God how I wish I had the shares I owned in February". Chuckle, how many times in the past several days have we heard this? Hey I flip stock myself, it makes sense on some securities but you have to know when to hold em, and know when to flip.

The important part of investing is knowing when you have a severely undervalued stock.

When the current valuation and realistic value are in drastically different spheres, IMO you have to be a fool to mess with taking small profits.

Why work your butt off every day doing DD, picking through ticker symbols to find a gem and then flip it for lunch money?

I'm sure whoever bought those shares in February is grateful.

Experience is still a brutal teacher.

Airdale (Holding since January for far more than lunch money)

If the axiom volume preceeds the move, we are ready to go. Here is what Pinksheets shows for the past six months on the volume meter. Compare todays with the highest on this chart. I believe we qualify. Folks, we have ourselves an attention getting PR and some bonafide big time volume.

http://www.pinksheets.com/quote/chart.jsp?symbol=PBLS&duration=2-6-8-0-0-56

Some have said lately that we move when management says we move. PA's release of the PR and following statement tells me they are getting set to release the hounds.

"The Company believes that at current levels, the stock of Phoenix remains strongly undervalued and does not give any meaningful impact to the strategic acquisitions of compatible companies over the past twenty months."

Under promise and over deliver. Ten million more shares purchased than most of us anticipated. Additional shares to be acquired. The market is undervaluing the impact of strategic acquisitions.

All systems are go.

Airdale

Gold, AURC will not be in the copper mining business, they will refine gold and silver only. At some date, they may contract out the processing of the copper.

Airdale

Mr. Parkin has been a practicing attorney for over 20 years. For the past three years he, with some Canadian Capitalists have been in the business of taking firms public. During the course of business they were involved with the New York City location of RSM International. RSM Top-Audit, the Russian representative placed queries for some Russian clients requesting information and availability of western capital to increase and improve their assets. RSM International of New York referred RSM to Monimpex. When Monimpex realized the immeasurable value of the assets the Russians held, they decided to take these projects on themselves. Because of the need to rapidly form and allocate capital to the projects, they used existing corporate shells which later became AURC and NDOL. You will see the same modus operandi with both firms because of the same management. Mr. Parkin has related that AURC probably has more upside, however, it is behind in the sequence of events that are unfolding. IMO both firms are top quality and will provide shareholders one of their greatest lifetime returns.

AIMHO
Airdale

Kurt, perhaps you are a bit confused concerning the proper value you are placing on the stock you're pumping. $30 billion? AURC has nearly five times the assets in gold and ten million ounces more silver and is probably around two billion in processed assets. You can probably throw the copper value out, many gold mining firms don't feel it merits processing.

So what do we have? A cursory review shows AURC has twice the shares outstanding but 1/6th the price. Five times as much gold and far more silver. AURC is worth about 15 times more than your golden discovery. Gee, I think I'll stick with AURC.

Thanks for the quality post.

Airdale

You’ve got to know when to hold em’ and know when to fold em’. If I were to learn how to play poker, I wouldn’t ask some neophyte with no experience to teach me to play. I would ask a known winner with experience and savvy.

Seems we have a bunch of new posters who are more than willing to share advice on how to play AURC. Guys with no history, a single membermark and self proclaimed as stock wizards are a dime a dozen. Shucks, one of these big advice givers sold out last week in the low 20’s and later posted that it was a mistake and offered congratulations to those still holding. Today, that same genius was back to giving advice. Lol, yeah I’ll take some of that.

Now, lets take a look at what known winners in the market are doing. What are the folks who have experienced success in the past and have earned respect that is displayed through membermarks, board management, sage advice and common sense doing? Are Westeffer, Treepeople, 2Create, Rigatoni, Benz, Creede Bighorns and a host of other veterans panicking, trashing management, and whining. No, the voices of experience and reason are sitting back waiting for the brash young fools to dump their shares into their laps in a selloff. It almost seems illegal but its happening. If you don’t know what you hold, you’d best be looking at what the right people are doing before you decide to fold. Experience is a brutal teacher.

AIMHO
Airdale

Creede, one thing an investor has to like in a CEO is a passion for what he is doing. Dexter has it in spades, he exudes confidence, has a vizion and knows how to execute his gameplan from all indications. He mentioned you several times and praised the "IHUB community" for being so organized and well informed. IMO he knows what is happening on all fronts of his business.

We talked a little about the PE range for the industry, it's not real high compared with hi tech or currently some commodities such as precious metals. I think a 20 would be a nice level for LBWR. If Mr. Morris is accurate with his 22% net, he was very confident because of costs he has fixed, we see around 11 mil net when we reach the 50 million in revenue. That leaves .08 cents per share and around a $1.60 PPS. A very nice return in a financial world with an ever increasing difficulty in getting 5% annual returns with the big board securities.

Airdale

Robsct, he said without any new business they currently have 6 mil under contract. Any new contracts through the remainder of the year add to that total. I asked if sales were fairly consistent, yes. He expects to close additional contracts in the next couple of months. We will have a lower net until we reach the 15 million revenue area and then it achieves 22%, a ratio that he feels will be very consistant. In other words $1,000,000 in revenue produces $220,000 in net. Currently I would guess about one million in net if we remain at six million gross for the year.

Several other tidbits I recall, he said on a large account it takes at least a year to close them from the initial contact. Typical with large corps, there are a lot of people with egos to keep smooth on the way up to the decision makers. Greyhound, Laidlaw and Transocean were clients with his last firm and are now with LBWR. He did close most of DISA's clients and works closely with his sales Rep in getting new deals. He did mention there is no vindictive nature in going after a DISA client, they simply want the income.

IMHO
Airdale

Discussion with Mr. Dexter Morris as follows: Kenexa and have LBWR mutual needs and just met without sales presentations. Kenexa has "some need" for outsourcing drug testing/security among their 2100 clients for a service. Not all clients will require this product and it will be provided on an as need basis.

Mr. Morris while on “probation” with his non-compete clause reviewed all his business policies and came up with his refined, existing business model. Prior to this he was interested in revenue and employee totals. He is now interested in bottom line net totals. Virtually all communication with each contracted client is done via the Internet, email, and website. As soon as a client has processed information by the lab, it is instantly passed on to the client electronically. They have only a few calls per day because of being acutely proactive.

Sales Rep has been with Mr. Morris a total of ten years, three years in his latest stint with LBWR and does all phases well, looking for new firms, staying in contact with possible interested firms, presentations, and closing. They have closed every firm with whom they have made a presentation. They consider themselves the best most streamlined firm in the industry and feel they will close 50% plus on all requests for proposal. The entire office staff will go on a large presentation. The person responsible for that portion of LBWR’s service answers any questions. They primarily look for large clients where costs can be controlled.

LBWR out-sources virtually everything. Drug tests, security, accounting, and Compliance Officer are all out-sourced to control costs. A good compliance officer will cost upwards of $150,000 annually. They contract with theirs as a consultant at the drastically reduced rate of $12,000 per year. They have established a system wherein their entire cost structure is virtually fixed costs.

Mr. Morris feels that if no other sales were closed they would be at 6 million in revenue. He said sales are currently going well and to expect increases. Because they are non-reporting and the clients generally request it, they do not divulge new clients by name. They will always leave hints which IHUB members are very good at reading. Once they reach 15 million in revenue they plateau on a percent of fixed costs, leaving 22% net income. The goal is for 50 million in revenue, which would leave $11 million in net earnings. You can derive your own PE ratio and share price goal.

Their goal is to be a full reporting firm and ready for the OTC by year’s end. He is currently interviewing accounting firms that can help them align their financials.

Does not anticipate releasing any additional shares, they were profitable for the past year and expect increased profit margins this year,

AIMHO Airdale

I hope you are correct, that would make it a huge agreement. I will call Dexter to confirm.

Airdale

Kenexa, not a huge contract IMHO. If the testing of employees and potential employees is our main revenue source, Kenexa is much smaller than Transocean, a biggie. Here is how they compare employee to employee.

KEY DATA:
Kenexa
Employees: 693

http://www.corporateinformation.com/snapshot.asp?Cusip=488879107

KEY DATA:
Transocean Inc. Ticker: RIG
Employees: 9600

http://www.corporateinformation.com/snapshot.asp?Cusip=G90078109

Creede,I really like the fact that Dexter made the effort to contact you after the 'miscommunication", it diplays several key facts about him. He cares about the relationship you both have created. This would in all probability translate over to clients as well, ummmm, happy clients. It also shows that he is concerned over feelings we as shareholders have regarding LBWR. Alignment with management is hugely important for our share price as he is well aware of current and future dilution.

LBWR is continuing to ink new contracts on a regular basis. More importantly, we are currently in the black on earnings and management cares enough to continue relating the fact that additional earnings are in the pipeline, (no pun with Transocean is intended). LBWR has some very endearing features.

AIMHO Airdale

Thanks Kilauea. If you want to read an interesting article on the cost of gold production, read post #2799 about Australia's Boddington Mine. The grams per ton are miniscule and I believe they are producing at $220 per ounce. New technologies may change our $280 per ounce cost basis for the better.

Airdale

Articles on Junior Gold Firm value are listed below my dialogue.

In an earlier post, RUCrazy placed information on BEMA Gold buying gold assets in 2003 for $50 dollars an ounce. Gold by the way was just $360 per ounce at the time. Just digging around and here are four articles relating to the value of Juniors. One present article compares us to the Dot Coms of the 90’s. It is a long read, especially if you follow the links and read the background information. By the way at $50 per ounce times 7.1 million oz, we’d be worth about $3.20 per share in a buyout. Majors don’t pay in cash, so our shares for their shares to get into long term cap gains.

The last article about Newmont Mining states that Juniors must pay a lessor portion of the cost of facilities prior to receiving their portion of the income, say 80/20. However, being that AURC owns the rights to all the minerals if we partner, I would assume their cost for sharing our assets would be to provide the production facilities and then a split of revenue of some type. For giggles lets use 50/50. They get a billion in half our assets and we get two $100 million dollar plus plants. They need our assets, we need their funding for production. For a Junior, we own a massive amount of mineral. Our ounces of gold when compared to Barrick are rather impressive. Barrick currently has listed in their last earnings statement 88,591,000 oz. of gold. This means AURC has over 8% of the reserves of the worlds largest gold firm.

Value of AURC based on information Management has provided?
AURC listed 384,000 ounces of gold as goal production of Priargunsky and the Salairskiy,
without Klyon. We also know Klyon will have its own production site because of distance. Feldbush in the Klyon acquisition release used “cash cow for thirty years”, the math shows an additional 60,000 ounces per year. This means if they reach goals they produce around 440,000 annually. Mr. Parkin has said Russia has one of the world’s lowest costs to refine an ounce of gold. He has used $280 per oz as cost of production several times. At gold’s current price of $632 our bulk price is probably around $582 per oz. That leaves $300 per ounce gross income and $132,000,000 annual gross income. Split 50/50 our gross is $64 mil per year. Net? Maybe around $45 mil and a PE the 30’s for gold firms. Yeah, we’re a bit undervalued.

AIMHO Airdale

From an Aug. 15, 2003 article concerning Bema Golds acquisition of property in Kupol, Russia

The stock market at present is valuing the deposit at about $50 an ounce, "and with a $360 gold price, that may be on the high side," he says. But any small move higher in the gold price, coupled with the next round of Kupol test results in the autumn, likely will show Bema's shares are still greatly undervalued at current levels, he says.

http://www.goldismoney.info/forums/showthread.php?t=2858


Why Gold Stocks? Rapid rise in value of Jr. gold firms:

Successful junior gold-mining companies, or those companies that are not yet in production, frequently rise by a factor of 5 to 10 times more than the price of gold. Not only does a rising gold price make the gold in the ground more valuable, but junior gold-mining firms frequently make gold discoveries that raise the intrinsic per share value very dramatically, compared to what a discovery of similar size would do for a senior mining firm. For example, if a major mining firm with 100 million ounces and 200 million shares of stock outstanding discovered a million-ounce gold deposit, it would have increased its reserves by just 1% and added 0.005 oz. gold/share. On the other hand, if a junior gold-mining firm with 20 million shares outstanding and just 200,000 ounces of reserves made that same one-million-ounce gold discovery, it would have increased its reserves by 400% and the gold equity in the ground would have risen from 0.01 oz. gold per share to 0.06 oz. gold/share. Therefore, in a secular gold bull market, I am partial to gold shares, but even more so toward junior gold-mining shares.

http://72.14.203.104/search?q=cache:elBwb-uMK5AJ:miningstocks.com/bullion+jr+gold+firm+value&hl=....

Junior Miners May Rival Dot-Com Era
By: Dorothy Kosich
Posted: '12-APR-06 04:00' GMT © Mineweb 1997-2004
RENO--(Mineweb.com) Research published Tuesday by a New York-based international economic consulting firm declared that a major paradigm shift has occurred in the attitudes of institutional investors toward the junior gold, silver, energy and other natural resource companies.
KWR International believes that the growing willingness of institutional investors to embrace the mining sector has generated a respect and recognition of junior mining and exploration company stocks, that could rival the "giddy days" of the Dot-Com era.

http://72.14.203.104/search?q=cache:2FRktSrbKEIJ:www.mineweb.net/columns/curve_ball/220326.htm+junio....

Institutional Embrace of Resource Market
Risk, Junior’s, Asia, Emerging Markets, Energy, $600 Gold and $12 Silver

By Keith W. Rabin and Scott B. MacDonald
KWR International

April 12th, 2006

Institutional Embrace of Resource Sector Creates Opportunity in Junior Sector
Perhaps the greatest change in our past analysis, however -- and where we have been focusing attention in recent months and believe the biggest opportunities lie moving forward -- are within the junior gold, silver, energy and other resource markets. Here we seem to be seeing a major paradigm shift emerging. We base this on a belief the major financial institutions have finally begun to shift their orientation from one that disparaged the resource market as one inhabited by quirky “gold bugs”, survivalists, old-timers and those not wise enough to recognize the unchallenged appeal of technology and other sectors investors came to know and love in the 1990s.
Today, these institutions appear to be slowly realizing the rise of commodities, metals and energy is not likely to be a short-term phenomenon, but rather one that will endure so long as global growth and demographic trends continue at anywhere close to present levels. We have seen this change reflected in numerous conversations with fund managers, bankers and other financial professionals in recent months. One can also see a distinct change in rhetoric within institutional research. So, while some US newsletter writers and Canadian firms such as Canaccord, Sprott, BMO, or GMP have been promoting resource markets for some time, only in the past few months are we at least starting to see major firms such as Citibank (“Party not over yet”), Merrill Lynch (“A Red Hot Acquisition Market” and “Gold Poised to Move Higher”) or Barclays (“Seismic Shift”) begin to use language until recently rarely seen outside Gold sites, select retail newsletters and Internet message boards.

http://72.14.203.104/search?q=cache:UxIgmhOhaHcJ:321energy.com/editorials/macdonald/macdonald041206.....