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SEC Industry Guide 7 prohibits disclosure of non-reserve resource information, “unless such information is
required to be disclosed by foreign or state law; provided however, that where such estimates previously have been provided to a person (or any of its affiliates) that is offering to acquire, merge, or consolidate with, the registrant or otherwise to acquire the registrant’s securities, such estimates may be included.”
The exception for information “required to be disclosed by foreign or state law” has been construed to allow the reporting of resource information by Canadian issuers after National Instrument 43-101 (“NI 43-101”) became law in Canada.
The SEC has made clear that the “foreign or state law” requirement means actual law and not merely stock-exchange listing
requirements.
The net effect of these provisions is that Canadian companies, even if they are U.S. domestic issuers (i.e., not foreign private issuers), are allowed to report Measured, Indicated and Inferred Resources in their SEC filings, while all U.S.-incorporated issuers (and other non-Canadian foreign issuers) are prohibited from disclosing such information in their SEC filings, even if they are listed on the Toronto Stock Exchange (“TSX”) or the TSX Venture Exchange (“TSX-V”).
The inability to file Mineral Resource information in SEC filings significantly disadvantages non-Canadian companies. Clearly, Canadian companies are reporting their pipeline of Mineral
Resources, upon which their future viability depends, in their SEC filings, while U.S. and other foreign-based companies are unable to do so under Guide 7. Further, a majority of the mining
companies we have surveyed have declared Mineral Resources that are two to five times Mineral Reserves (see Table 1). Under the CRIRSCO family of codes and standards (e.g. JORC, CIM (NI43-101), SAMREC, SME Guide, PERC, NAEN, Chilean etc.), these Mineral Resources must have reasonable prospects for eventual economic extraction and thus represent an important
measure of the long-term prospects and viability of these companies, which is especially material to investors. Investors in U.S. and other non-Canadian companies are deprived of access to this information in SEC filings.
tsl444 - You imply that AGCZ is not in compliance with the SEC. If you think that the SEC has adopted the regs for the exchanges in Canada - it has not.
Standards applicable in Canada (NI 43-101 and the CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Definition Standards)[/b
AGCZ has 16,000,000 grams (500,000 oz) Au estimated resources which is almost $1 Billion in reserve!!!
Its reserves being increased substantially through new concessions and a mining tunnel
It is a low cost cash producer using super low cost local resources.
AGCZ has superior exploration and development prospects.
It is a highly liquid gold vehicle with good leverage to gold price.
AGCZ is comprised of high performing management and operations team, focusing in delivering value to its shareholders.
The company has its own mill to process its ore and is not dependent on other milling operations.
Gold is fundamentally a currency and in periods of increasing demand for gold the upward price movements can be more rapid and larger than in other currency markets. There is a finite amount of gold available unlike paper currencies. Gold is considered a safe haven during times of geopolitical uncertainty.
The Miranda concession (Miranda Alto) is the key to the neighboring four concession areas, as it is located on a
mountaintop and is connected to the most tunnels. The concession area towards the north and also the
concession areas towards the south are accessible via the Miranda tunnels.
$AFPW - With NEWS - could be a 10 bagger
Andes Gold Corporation, through its subsidiary, Compania Minera P.L., engages in exploring and mining gold concessions in Ecuador.
It controls Miranda Alto concession located in the cantons of Zaruma and Portovelo, province of El Oro, southern Ecuador. The company is based in Boca Raton, Florida. As of September 13, 2010, Andes Gold Corporation operates as a subsidiary of New World Gold Corporation. $AGCZ
The current weather balloon lift gas market is pegged at $150-$200 million per year, and encompasses military as well as civil government meteorological users worldwide. Traditionally, helium has been used as the primary lift gas for weather balloons, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen, and API's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. After purchasing a PBIS unit, typical customers continue to purchase replacement cartridges to launch up to 700 balloons per unit each year (up to 4,200 cartridges)., API has been approached by other military and meteorological users from the US, NATO, and around the world interested in the PBIS technology and products. $AFPW
AlumiFuel Power Corp. is a holding company which operates primarily through its subsidiaries AlumiFuel Power, Inc. and AlumiFuel Power International, Inc. Its subsidiary AlumiFuel Power, Inc. is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water, and proprietary additives. AlumiFuel Power International, Inc. operates as a sales and marketing wing of holding company. It produces portable balloon inflation system. The company was founded in January 19, 200
PHILADELPHIA, Pennsylvania, 7 August 2012 - AlumiFuel Power International,
Inc. ('AlumiFuel International') (Deutsche Börse Frankfurt Stock Exchange
'9AP'), announced today that its U.S. operating subsidiary has engaged the
services of Mr. Ed Figelman to market its Portable Balloon Inflation System
(PBIS) products worldwide on an exclusive basis. Mr. Figelman's
outstanding track record in European meteorological markets will be
especially important to AlumiFuel International.
Mr. Figelman has a twenty-eight year track record of successful sales and
marketing in the meteorological equipment industry, including radiosondes,
balloons, and lift gas systems. His customer contacts include domestic and
international military, civil government and meteorological industry
players. From 1984-1999 he held various program management, marketing
management and sales account management positions with VIZ Manufacturing
Company and Sippican, Inc. In 1999 he formed his own company, FigTree
Environmental, which serves as an independent manufacturer's representative
for firms in the meteorological equipment business. Mr. Figelman developed
market segments for each client company, and FigTree's annual sales
bookings have increased every year, exceeding $1 million per year since
2007. His responsibilities include all aspects of the sales process. Mr.
Figelman holds a BS degree from Dickinson College, Carlisle, PA. and an MBA
from Hofstra University, Uniondale, NY.
The current weather balloon lift gas market is pegged at $150-200 million
per year, and encompasses military as well as civil government
meteorological users worldwide. Traditionally, helium has been used as the
primary lift gas for weather balloons, but with the increasing scarcity and
cost of helium, users are rapidly switching to hydrogen. AlumiFuel Power's
PBIS family of products is far more mobile, safe, and cost effective than
other on-site hydrogen generation systems, especially in remote and
inaccessible areas where many balloons are launched.
Figtree Environmental and its clients have relationships with end users and
commercial agents throughout the world. Among others, Graw Radiosondes
GmbH of Nuremberg (a leading worldwide supplier of radiosondes, balloons,
and upper air systems for the civilian and military markets) and Wittich &
Visser of The Netherlands (a leading European supplier of meteorological
instrumentation for boundary layer data acquisition) have already expressed
initial interest and are exploring the possibility of adding the PBIS
product line for promotion to its existing customer base. Other strategic
relationships and sales opportunities for PBIS systems in Europe (as well
as in Africa, South America, Asia, and Australia/New Zealand) are also
being developed.
Through Mr. Figelman, AlumiFuel Power will have a presence at the upcoming
Meteorological Technology World Expo 2012 in Brussels Belgium October
16-18. This event is jointly sponsored by the World Meteorological
Organization (WMO) and its technical instrumentation group, the Commission
for Instruments and Methods of Observation (CIMO), and is expected to be
attended by over 150 companies and 2000-2500 customers and visitors.
AlumiFuel Power Technologies, Inc. President & Chief Executive Officer, Mr.
David Cade, said: 'Ed Figelman has a sterling reputation in the global
meteorological arena and his contacts in this market are second to none.
We are thrilled to have him on our team, and are excited about the prospect
of greatly expanding the sales of our PBIS products on a worldwide basis.'
Mr. Ed Figelman added: AlumiFuel Power's PBIS technology and products are
unique in the industry, and will give customers around the world an
important new capability to fill and launch weather balloons in
out-of-the-way locations. I see great potential for these products in many
countries where there is a distinct need for a safe, affordable, and
portable method of generating hydrogen for weather balloons.'
About AlumiFuel Power International, Inc.
AlumiFuel International markets AlumiFuel technology and products outside
of North America. AlumiFuel International owns the Patent Cooperation
Treaty (PCT) filings of AlumiFuel Power, and is listed on the Deutsche
Börse Frankfurt Stock Exchange under the symbol '9AP'.
Alumifuel Pwr Intl Inc. (Fran (9AP) AT 2.4cents up 140%
AFPW - Due Dilligence - Alumifuel Hydrogen Products
http://www.traddr.com/profiles/blogs/afpw-research-report-ultimate-due-dilligence-sheet-why-does-afpw
$AFPW - .001 X .0002 - breakout watch
$AFPW - .0002 - Proprietary Hydrogen Technology
$AFPW .0002 RESEARCH REPORT-ULTIMATE DD COMPILATION http://www.traddr.com/profiles/blogs/afpw-research-report-ultimate-due-dilligence-sheet-why-does-afpw
$AFPW .0002 RESEARCH REPORT-ULTIMATE DD COMPILATION http://www.traddr.com/profiles/blogs/afpw-research-report-ultimate-due-dilligence-sheet-why-does-afpw
The report was prepared by DUNCAN BAIN CONSULTING LTD. Duncan Bain is an independent exploration and mining geologist from London, Ontario in Canada.
The gold mine concession is located in Portovelo/Zaruma in the province of El Oro in southern Ecuador. It covers an area of 18.3 hectares and is actively mined. In his report about the two currently active levels, Duncan Bain gives a preliminary estimate of the gold resources in the Miranda Alto concession. It can produce an assessed tonnage of 200,000 tonnes for each of four veins. Current and historical assay values give an average grade of approximately 3g/T gold for a total of approximately 2.4 million grams or 75,000 ounces. ......... could be able to mine the Miranda Alto Project up to 1.6 million tonnes, with a grade of 10g/T gold. "This resources can produce 16 million grams of gold or 500,000 ounces in the next years".
Ten samples of typical ore were taken from veins underground and from the mill processing this material. These samples returned values ranging from 0.14g/T to 68g/T gold. Significant lead and copper values were also noted. "Miranda Alto has currently three active levels with an estimated strike length of the veins of 600 m, an average width of 1.0 m and an average depth of 800 m". $AGCZ
AlumiFuel Power Corp., operating by way of their subsidiaries, is an early production stage alternative energy enterprise. They generate hydrogen gas and steam/heat via the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers.
The company's hydrogen feeds fuel cells for portable and back-up power; fills inflatable devices such as weather balloons; and provides fuel for flameless heater applications. They can replace expensive, hard-to-handle, and high pressure K-Cylinders. Their hydrogen/heat output is also undergoing design and development to drive fuel cell-based and turbine-based undersea propulsion systems and auxiliary power systems.
AlumiFuel Power offers PBIS-1000 portable balloon inflation devices, which enables on the spot generation of hydrogen. The company has significant differentiators in performance, adaptability, safety, and cost-effectiveness in their target market applications, with no external power required and no toxic chemicals or by-products.
The company has their PBIS-200 system. The system can be easily transported and rapidly deployed for launching 30g pilot balloons in remote locations globally. The PBIS-200 is a scaled down version of the PBIS-2000, designed and engineered to provide lift gas for 200g weather balloons. The PBIS-200 generates 200 litres of hydrogen in less than 15 minutes using only one 32oz. AlumiFuel cartridge. As with the PBIS-2000, it operates at ambient pressure and low temperatures, and is housed in a ruggedized Hardigg case. However, with the reduced size of the unit, the new system would weigh only approximately 50 pounds.
Recently, AlumiFuel Power announced that their U.S. operating subsidiary engaged the services of Mr. Ed Figelman to market their Portable Balloon Inflation System (PBIS) products globally on an exclusive basis.
Mr. Figelman has a 28 year track record of successful sales and marketing in the meteorological equipment industry. This includes radiosondes, balloons, and lift gas systems. His customer contacts include domestic and international military, civil government, as well as meteorological industry players. $AFPW
The Met World Expo is expected to have some 160 exhibitors and exceed last year's total of 1500 attendees from 68 countries. The event is not open to the general public or students, and is limited to professionals and purchasers of major meteorological technology systems and services only.
The AlumiFuel Power booth will be staffed by Mr. Ed Figelman, a seasoned and successful meteorological systems marketing professional. Mr. Figelman will be meeting with numerous potential customers and partners from the U.S, Europe, and elsewhere, following up on the considerable global interest generated by the PBIS-2000.
The current weather balloon lift gas market is estimated to be $150-200 million per year, and encompasses military as well as civil government meteorological users worldwide. Traditionally, helium has been used as the primary lift gas for weather balloons, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen. AlumiFuel Power's PBIS family of products is far more mobile, safe, and cost effective than other on-site hydrogen generation systems, especially in remote and inaccessible areas where many balloons are launched. $AFPW
AlumiFuel Power Technologies, Inc., will exhibit at the Meteorological Technology World Expo 2012 in Brussels, Belgium, October 16-18, 2012. (www.meteorologicaltechnologyworldexpo.com)
Usually when many are negative, something big is coming and they know it. Why else would they spend so much time here? $AFPW
AlumiFuel Power Corporation Appoints Ed Figelman
Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) announced that its U.S. operating subsidiary has engaged the services of Mr. Ed Figelman to market its Portable Balloon Inflation System (PBIS) products worldwide on an exclusive basis.
Mr. Figelman has a twenty-eight year track record of successful sales and marketing in the meteorological equipment industry, including radiosondes, balloons, and lift gas systems. His customer contacts include domestic and international military, civil government and meteorological industry players. From 1984-1999 he held various program management, marketing management and sales account management positions with VIZ Manufacturing Company and Sippican, Inc. In 1999 he formed his own company, FigTree Environmental, which serves as an independent manufacturer's representative for firms in the meteorological equipment business. Mr. Figelman developed market segments for each client company, and FigTree's annual sales bookings have increased every year, exceeding $1 million per year since 2007. His responsibilities include all aspects of the sales process. Mr. Figelman holds a BS degree from Dickinson College, Carlisle, PA and an MBA from Hofstra University, Uniondale, NY.
The current weather balloon lift gas market is estimated to be $150-200 million per year, and encompasses military as well as civil government meteorological users worldwide. Traditionally, helium has been used as the primary lift gas for weather balloons, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen. AlumiFuel Power's PBIS family of products is far more mobile, safe, and cost effective than other on-site hydrogen generation systems, especially in remote and inaccessible areas where many balloons are launched.
Figtree Environmental and its clients have relationships with end users and commercial agents throughout the world. Among others, Graw Radiosondes GmbH of Nuremberg (a leading worldwide supplier of radiosondes, balloons, and upper air systems for the civilian and military markets) and Wittich & Visser of the Netherlands (a leading European supplier of meteorological instrumentation for boundary layer data acquisition) have already expressed initial interest and are exploring the possibility of adding the PBIS product line for promotion to its existing customer base. Other strategic relationships and sales opportunities for PBIS systems in Europe (as well as in Africa, South America, Asia, and Australia/New Zealand) are also being developed.
Mr. David Cade, President & Chief Executive Officer of AlumiFuel Power Technologies, Inc., said: "Ed Figelman has a sterling reputation in the global meteorological arena and his contacts in this market are second to none. We are thrilled to have him on our team, and are excited about the prospect of greatly expanding the sales of our PBIS products on a worldwide basis." Mr. Ed Figelman added: "AlumiFuel Power's PBIS technology and products are unique in the industry, and will give customers around the world an important new capability to fill and launch weather balloons in out-of-the-way locations. I see great potential for these products in many countries where there is a distinct need for a safe, affordable, and portable method of generating hydrogen for weather balloons."
About AlumiFuel Power Corporation
AlumiFuel Power Corporation, through its U.S. operating subsidiary, AlumiFuel Power Technologies, Inc., is an early production stage alternative energy company that generates hydrogen gas and heat through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. The Company's hydrogen generation feeds fuel cells for backup and portable power, provides lift gas for weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is also being designed and developed to power fuel cell-based and turbine-based undersea propulsion and auxiliary power systems. The Company has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products.
$AFPW - HYDROGEN POWER
Commercializing unique technology for military & commercial portable power applications through operating subsidiaries
Operating lab and offices in Philadelphia area – center of US hydrogen industry
Solid IP portfolio – licensed patents and proprietary know-how for chemistry, cartridge design and applications
World Class path-to-market & production partners
Publicly traded OTC: “AFPW”
$AFPW is a unique alternative energy company that generates hydrogen gas and heat for multiple applications.
Inflate weather balloons – Portable Balloon Inflation System (PBIS)
Feed fuel cells for portable electric and back-up power
Feed fuel cells and turbines for undersea vehicle power
Mini hydrogen generator for school science labs
AFPW’s novel technology is based on the exothermic chemical reaction of aluminum, water and proprietary additives.
First company to successfully commercialize this technology
We provide “DRY HYDROGEN”
Ours is an enabling technology.
Delivers 5-10X the energy density (runtime) of lithium batteries
Facilitates new power applications with fuel cells & turbines
Our only competition are batteries and gasoline-fueled generators
BIO – DAVID J. CADE
Battle-tested and proven CEO in the high technology arena with subject matter expertise across all functional areas, extensive business/financial community relationships, and solid track record in maximizing shareholder value. Known for innovation, ingenuity, initiative and persistence. Senior leadership roles in development/expansion stage companies, with special industry focus on: alternative energy (including hydrogen fuel and lithium batteries), wireless telecommunications, electronics, and national security systems. Strengths include:
Recruiting talent & teams, and providing motivational leadership for high tech start-ups and turn-arounds
Disciplined management of development/expansion stage operations in constrained cash flow environment
Bringing advanced technologies & products to global markets and new customers
Devising, negotiating and implementing strategic alliances & multinational partnerships
Raising capital (private placements & public offerings); Road Show veterans
EXPERIENCE
ALUMIFUEL POWER TECHNOLOGIES, INC. , Philadelphia, PA 2008-Present
President and Chief Executive Officer
Commercializing the unique technology of this early production stage hydrogen generation company. Targeting selected portable and back-up power applications involving fuel cells, turbines, and weather balloon lift gas for government and commercial customers in collaboration with path-to-market partners, including major aerospace & defense firms.
HYDROGEN POWER, INC., Seattle, WA 2007-8
Chief Executive Officer
In turn-around situation, reoriented development of the company’s hydrogen generation technology to focus on addressable market applications. Identified and signed agreements with several path-to-market partners.
LITHTRONICS, LLC, Merion Station, PA 2006-7
Chief Executive Officer
Founder and Managing Principal of a consulting firm focusing on innovative and profitable next-generation portable energy solutions for selected national security and commercial applications, with special emphasis on hybrid Lithium-ion battery/fuel cell power sources.
Brought Ultralife Corporation Inc., a $130M manufacturer of advanced lithium batteries, into teaming arrangement with Mississippi State University on $2 million Army R&D contract for hybrid long endurance military power systems.
Assisted Ultralife in establishing a battery development and assembly facility in West Point, Mississippi.
ABSL POWER SOLUTIONS, INC. (ABSL), Merion Station, PA 2005-6
President
Headed the wholly-owned U.S. subsidiary of UK-based ABSL Power Solutions, Ltd, a world-leading rechargeable lithium battery company and power systems integrator; spearheaded the company’s new business initiatives in the U.S.
Won $2 million U.S. Army R&D contract on portable energy technology and systems for field applications..
LITHIUM TECHNOLOGY CORPORATION (LTC), Plymouth Meeting, PA 1994-2004
Chairman and Chief Executive Officer (1999-2004); Board of Directors (1997-2007)
Made Lithium Technology Corporation a leading participant in the rapidly emerging large-format rechargeable lithium battery market by orchestrating key strategic partnerships, securing financing and commercializing unique technology.
Led Company to commercial production stage for its patented and proprietary manufacturing/assembly processes and battery products for national security, automotive, and backup power applications.
Orchestrated acquisition of GAIA GmbH, a synergistic German lithium-polymer battery company.
President and Chief Operating Officer (1996-1999)
Performed numerous CEO functions on a regular basis since the CEO was not a full-time employee.
Raised over $39 million from private investors and strategic partners to execute the business plan.
Led the transition of technology from concept, through beta test cells, to proven, marketable large format batteries.
Orchestrated and negotiated agreements with several technology development partners including Mitsubishi Materials, Mitsui & Co. and Acer Corporation.
Vice President of Sales and Marketing (1994-1996)
Established key relationships with a broad base of global portable electronics OEMs as potential customers as well as industrial and battery companies in the Pacific Rim, Europe and the U.S. as potential manufacturing partners.
INTERDIGITAL COMMUNICATIONS CORPORATION, King of Prussia, PA 1992-1994
Vice President of Sales and Marketing.
Headed worldwide sales of digital wireless telephone products and technologies for this $40 million manufacturing company.
Developed new international markets for wireless telephone products on four continents.
Revamped entire sales, sales support, and marketing program/organization.
Re-staffed and realigned sales force, consisting of 10 regional vice presidents and 25 account executives/independent sales representatives/distributors.
Opened up new international markets in Brazil, Colombia, Russia, Africa, China, India, and other developing countries to augment existing customer base in Indonesia, Mexico, and the southwestern U.S.
Initiated and spearheaded high level strategic alliance discussions with Siemens which resulted in $20 million partnership agreement.
COMMUNICATIONS SATELLITE CORPORATION (COMSAT), Washington, DC 1988-1992
Senior Vice President of Sales, Marketing and Business Development
Headed all sales and business acquisition activities of new $100 million Systems Division, encompassing international, domestic and government markets.
Built international and domestic sales force which brought in significant new business for COMSAT.
Developed and executed fresh strategic direction emphasizing integration of complex communications and information systems and networks worldwide, and application of COMSAT technology and engineering capabilities.
Achieved eight-fold increase in bookings and 52% increase in revenues while compiling 60% “win rate” on all bids.
Headed effort to obtain an expanded customer base and technical skill set through corporate acquisitions.
COMSAT’s representative on President’s National Security Telecommunications Advisory Committee.
MARTIN MARIETTA CORPORATION, Bethesda, MD 1984-1988
Director of New Business Development, Martin Marietta Information & Communications Systems
Key player in formulating strategic direction and capturing business for this new operating company.
Devised strategy to bring Martin Marietta’s strengths as a prime contractor/systems integrator to the information systems and telecommunications market.
Directed team of marketing managers and systems engineers in pursuing private network integration opportunities for commercial and government customers.
Conceived and assembled team of 12 major firms — including the seven Regional Bell Operating Companies — with Martin Marietta as prime contractor to bid on world’s largest private telecommunications network project – FTS-2000.
AMERICAN TELEPHONE AND TELEGRAPH COMPANY, Washington, DC 1981-1984
Marketing Director, AT&T Information Systems (1983-1984)
Generated new customer base in the federal government for AT&T telecommunications and computer products.
Led company efforts to target and capture large systems applications for AT&T’s computers, switches, cellular radio technology, and local/wide area networks..
Developed new market segments for AT&T Information Systems, including U.S. and NATO activities overseas. Instrumental in positioning AT&T to win two large government contracts ($1.5 billion) for workstations & data networks..
Supervised national account managers and technical consultants; achieved 150% of sales objective..
Command, Control, Communications, and Intelligence Director, AT&T Western Electric (1981-1982)
Established Western Electric as major contractor to the federal government in this functional area, creating a new LOB.
Formulated long-term marketing strategy and near-term action plans to target specific opportunities. Devised and negotiated teaming arrangements with other defense contractors.
Worked closely with the Bell Laboratories to obtain advanced technical support for new business initiatives and facilitate application of AT&T technologies to users’ needs..
DEPARTMENT OF DEFENSE Pre-1981
U.S. Air Force Officer
Varied experiences worldwide, including command assignments, Office of the Secretary of Defense, and a general officer’s position at HQ, USAF. Track record of accelerated promotions.
Brought Ultralife Corporation Inc., a $130M manufacturer of advanced lithium batteries, into teaming arrangement with Mississippi State University on $2 million Army R&D contract for hybrid long endurance military power systems.
Assisted Ultralife in establishing a battery development and assembly facility in West Point, Mississippi.
EDUCATION
MBA, Syracuse University, Syracuse NY (Beta Gamma Sigma — National Business Honorary)
BA, University of Illinois, Champaign-Urbana IL
Graduate, Senior Executive Program, Columbia University, Harriman NY
Graduate, National War College, Washington DC
BIO – JOHN F. BOYLE, P.E.
PROFESSIONAL EXPERIENCE
AlumiFuel Power Technologies, Inc. 2008-Present
Chief Technology Officer
Engineering lead in development of unique hydrogen generation technology and products for selected portable power applications.
John Boyle Consulting, LLC 1999-Present
President
Consulting services to the industrial gas industry including application system design, market assessments, site and system safety reviews, and work process improvement.
Developed system design, process flow diagrams, component specifications, installation and inspection procedures and standards, hazards assessment and engineering rationale for siting production scale hydrogen generating, storage and vehicle fueling station located in downtown Phoenix.
Developed and successfully commissioned world’s first natural gas-hydrogen high pressure dynamic blending vehicle fueling system. Developed system design and completed engineering report for production expansion of Phoenix hydrogen vehicle fueling plant.
Developed total plant energy and mass balance for Phoenix hydrogen production plant.
Designed Hydrogen storage and delivery system for weather balloon filling.
Conducted hazard review and site safety survey of hydrogen gas generator integrated to wind and solar power systems.
Directed and provided methodology for hazard review of electrolytic hydrogen generators and hydrogen vehicle refueling system.
Developed novel portable cryogenic storage and delivery system.
Conducted hazard review for forklift fuel cell power system. Analysis included on site hydrogen generation (reformer), compression and storage, hydrogen dispenser and on-board vehicle storage and fuel cell system.
Member of ASME B31.12 Hydrogen Sub-committee and ASME Hydrogen Infrastructure Subcommittee.
ACME Cryogenics, Inc. 1994-1999
Vice President of Marketing and Sales
Developed and implemented marketing and sales plans for cryogenic and industrial gas equipment product lines. Identified and developed new products and services. Identified and developed new market segments and customers. Directed sales engineers and representatives. Established sales policies and pricing.
AIR PRODUCTS AND CHEMICALS, Inc. 1976-1994
Re-Engineering Team Leader 1992-1994
Selected by Executive team to lead a multi-year re-engineering project for the Gases Group ($600MM/year business). Recruited and directed five cross-functional teams that streamlined and automated work processes and implemented organizational restructuring.
Engineered Systems/Welding Products Division 1990-1992
General Manager
General management, and P/L accountability for multi-site, $40MM equipment design and manufacturing business. Managed product development and product lines including welding equipment, liquid hydrogen pumping systems, high pressure hydrogen control systems and Ultra High Purity gas systems for the semiconductor industry. Directed marketing, market development, engineering, design, production and distribution of equipment sold in North and South America, Europe and Asia.
Engineering Services, Industrial Gas Division (IGD) 1988-1990
Manager
Managed the project engineering function for the Industrial Gas Division including 55 home office and field engineers. Responsible for Advanced System installations including Liquid Hydrogen Tanks, High Pressure Hydrogen storage systems and compressors, Specialty Gas and Ultra High Purity Semiconductor gas storage and delivery systems. Directed, reviewed and approved Hazard Reviews for all Hydrogen, Toxic Gas and Semiconductor Gas Systems
Applied Research and Development 1982-1988
Manager, Equipment Technology
Managed a 40-person equipment development group. Planned and directed the development and design of sophisticated equipment systems for industrial gas applications. Accountable for product and facility safety/crisis management including Hazard Risk Assessment of all new application processes and equipment systems. Conducted Hazard Review for Hydrogen-Nitrogen gas blender design that became the standard for NFPA 86 Industrial Heat Treat Furnaces. Co-edited NFPA 86.
Earlier Air Products experience 1976-1982
Section Manager, Program Manager, Senior Development Engineer, and Development Engineer
Held positions of increasing responsibility in Equipment Technology, Applied R&D as a Section Manager, Program Manager, Senior Development Engineer, and Development Engineer.
EDUCATION
Lehigh University, MBA 1984
Dartmouth College, B.A. (1973), B.E. (1974), M.E. (1976)
PROFESSIONAL ASSOCIATIONS
National Association of Professional Engineers (license no. PE- 029479 – E)
Instrument Society of America
American Society of Mechanical Engineers-Senior Fellow, Member ASME B31.12
Hydrogen Standards
SPECIFIC ACCOMPLISHMENTS
System design, process flow diagrams, component specifications, installation and inspection procedures and standards, Hazards Assessment and engineering rationale for siting production scale hydrogen generating, storage and vehicle fueling station located in downtown Phoenix.
Developed industry-first natural gas-hydrogen high pressure dynamic blending vehicle fueling system.
Designed Hydrogen storage and delivery system for weather balloon filling
Conducted hazard review and site safety survey of Hydrogen Gas Generator integrated to wind and solar power systems.
Directed hazard reviews of multiple Electrolytic and Reformer Hydrogen generators and Hydrogen vehicle refueling systems.
Conducted hazard assessment for utility vehicle fuel cell power system including on site Hydrogen generation (reformer), compression and storage, hydrogen dispenser and on-board vehicle storage and fuel cell system.
Designed and conducted hazard assessment on mobile Hydrogen Generator and Vehicle Fueling Station.
Member of ASME B31.12 Hydrogen Sub-committee
Conducted hazard review for code compliance and installation of Hydrogen Metal Hydride canister filling system.
Multiple patents in industrial gas and hydrogen applications
Conducted Hazard Reviews on numerous Hydrogen Dispensers
Developed design and specifications for low temperature gaseous hydrogen storage tanks.
$AFPW - TARGET MARKETS
Addressable Annual Gross Sales.
Weather balloon lift gas – $200M
Portable power – $8B
K-Cylinder replacement – $50M
Undersea vehicle power – $80M
School science lab hydrogen generation – $3M
International sublicensing – $200M
$AFPW - President & CEO, Mr. David Cade, said, "This Air Force award validates API's unique Portable Balloon Inflation System technology and products. The PBIS-2000 is a significant addition to our PBIS family. Not only does this system fill an existing gap for much larger weather balloons, which constitute a greater portion of the market, but it represents a significant advancement in the state of hydrogen generation technology. The greatest inhibitor to launching weather balloons in remote locations -- where the military operates and considerable meteorological research is done -- is the cost and difficulty of transporting the source of lift gas. The PBIS family will drastically reduce these factors, and enable launches in previously inaccessible areas worldwide; this also creates a logistics supply chain for hydrogen to power fuel cells in the field."
The current weather balloon lift gas market is pegged at $150-$200 million per year, and encompasses military as well as civil government meteorological users worldwide. Traditionally, helium has been used as the primary lift gas for weather balloons, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen and API's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. $AFPW
$APFW - Operations Management
David Cade, President & CEO
•17 years as executive in alternative energy field
•15 years experience as successful CEO, 14 years in public companies
•Brought lithium battery company to commercial production
•Previous management positions with AT&T, Martin Marietta, COMSAT and DoD
John Boyle, CTO
•One of nation's foremost experts in industrial gas applications, systems design, engineering, safety and innovative technologies/products
•Over 30 years experience in industrial gas industry - 18 years with Air Products in various engineering, and executive capacities
•Natural Gas and Hydrogen industry safety codes based on his analyses & designs
•Law practice focused on high tech commercial transactions worldwide
•Significant experience in IP matters, strategic partnerships, capital raising,technology licensing, and day-to-day business operations
Michael McAllister, EVP
•Law practice focused on high tech commercial transactions worldwide
•Significant experience in IP matters, strategic partnerships, capital raising,technology licensing, and day-to-day business operations
$AGCZ - Producing Gold mines.
AlumiFuel Power is a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources. AlumiFuel Power's hydrogen drives fuel cells for back-up, portable and remote power, fills inflatable devices such as weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders; the steam/hydrogen combination also drives turbine-based underwater propulsion systems and auxiliary power systems.$AGCZ
Equus, THANK YOU, I appreciate your work. Everyone should take a look and understand what you are saying.
$AGCZ - Trading volume is picking up. Over 20 millian shares traded in the last 7 days.
Is it possible that "EQUUS IS KING", who posted this morning, is right and MSLP is severely undervalued? Coincidence? - I doubt it.
Who knows? I'm just wondering if anyone has any information.
$NSRSE - IS THERE ANY UPDATED INFORMATION?
http://seekingalpha.com/article/349921-north-springs-resources-may-be-a-perfect-acquisition-opportunity
The critical piece of information came out on February 2 when the company announced that its analysis at the Goldstar property indicates potential for up to a multi-billion dollar gold estimate. North Springs Resources said that it positively re-analyzed the potential reserve estimates for the Goldstar/One Arm Joe Gold Project made by previous operators. Surface observations and new data collected from the ongoing drill program at Goldstar, along with historic references to the property, comparable mines in the surrounding area, previously available sampling and exploration data pertinent to the Goldstar site, and based on industry standards, indicate that the possible reserve estimate for the property could be as high as 2,769,230 tons grading 0.7 oz. gold/ton, or 1,938,461 ounces of gold.
Calculation of the updated potential gold estimate utilized numerous visual observations at Goldstar and historical information of the Goldstar site and surrounding areas which indicate that various sections of gold bearing quartz veins in the region may reach continuous depths down to approximately 2,000 feet. The Goldstar Property consists of 9,000 feet of a gold bearing quartz vein that appears to be 1-2 feet wide on average at the surface stretching over two zones (Goldstar: 6,000 feet and One Arm Joe: 3,000 feet) and nine (9) claim blocks totaling 180 acres. Notably, the gold bearing quartz vein that runs the length of the Goldstar site appears to be approximately six miles long - an area that well surpasses the Goldstar site.
As we move forward with exploration at Goldstar, the overall size and potential of the project continues to grow and impress us, stated Harry Lappa, President of North Springs Resources. Our new found knowledge of the property and area indicate that we could be sitting on up to 2,000,000 ounces of gold at Goldstar, which, if realized, could be worth approximately $3.2 billion at today's gold prices. Exploration and drilling will continue as we strive to prove up this possible massive resource.
The company is also busy exploring its other holdings. On January 31, North Springs Resources announced that it has commenced phase one exploration at the Imperial Gold Silver Property in Esmeralda County, Nevada, located about 150 miles northwest of Las Vegas in the Railroad Springs Mining District.
We are thrilled to be able to announce that we have already completed an initial sampling program at the Imperial Property so early in the year. This, along with the North Springs Property in Nevada and the Goldstar Property in Arizona, make three currently active exploration programs underway for the Company, stated Harry Lappa, President of North Springs. In the western portion of the Imperial Property, high-grade gold and silver vein targets were sampled at the old Imperial Mine workings to confirm historic assay results. Several samples were collected there over 460 feet in the Lower Adit and over 200 feet in the Upper Adit. In the eastern portion of the property, we collected several more surface samples from the high-priority Resource Target. We will send the samples into the laboratory for immediate testing and intend to release the assay results as soon as they become available.
The Imperial Property consists of 24 unpatented mineral claims covering approximately 480 acres and includes the historic workings of the high-grade Imperial Mine. Previous exploration has identified four high-priority target areas at the Imperial Property; Imperial Fault Target, Jasperoid Breccia Target, IP Target, and Resource Target. The phase one exploration plan for the Imperial Property outlines a four month $250,000 exploration program that will include geochemical and environmental studies, followed by a reverse-circulation drilling program intended to test previously identified mineralized zones and potentially increase the 50,000 ounce gold resource estimate made by previous operators.
The last piece of big news is the company's recently announced acquisition of a property. On January 26, North Springs Resources announced that it executed a Definitive Agreement with Discovery Gold Ghana Limited to acquire up to a thirty five percent (35%) interest in the Edum Banso Gold, a high-potential gold exploration property in Ghana, Africa.
Terms of the Definitive Agreement call for North Springs to acquire an immediate 25% interest in Edum Banso by issuing 10,000,000 restricted common shares of Company stock to the current shareholders of Discovery Gold. North Springs can acquire an additional 10% interest in Edum Banso by paying $250,000 to Discovery Gold and funding a multi-phase $1,000,000 work commitment in 2012. The Company has already advanced $150,000 to Discovery Gold towards the total cash consideration with the balance of $100,000 payable within 30 days.
The Edum Banso Gold Project is a prime example of a high-potential and almost drill-ready gold property that we think has huge near-term upside from several significant targets, said Harry Lappa, President of North Springs. We look forward to working closely with our new partners and anticipate appointing a qualified Project Geologist to plan and lead the next stage of exploration.
Lendor's Vote of Confidence
On January 20, North Springs Resources received a vote of confidence from its credit provider as the company secured additional funding. The company announced that it reached an agreement to expand the company's Draw-Down Line of Credit Note facility by an additional $750,000 to a total of $1,750,000. The proceeds from this financing may be used for project acquisitions, project exploration and development, general working capital, or such other purposes as the Company may determine from time to time.
Upcoming Events
The company is awaiting the results from its first drill core samples in its Arizona property. On February 1, North Springs Resources said that the first drill core samples are expected to be recovered from the exploration program currently underway at the Company's 20% owned Goldstar/One Arm Joe Gold Project (the "Goldstar Property" or "Goldstar") located near Wickenburg, Arizona. North Springs and its partners are currently conducting a 21-hole drill program at Goldstar, focusing on seven (7) high-priority target areas.
Drilling at Goldstar continues to progress nicely and all initial indications have been positive, stated Harry Lappa, President of North Springs Resources. Our experienced exploration team on the ground is performing very well and I expect they will continue to perform at a high level for the remainder of the program. We look forward to getting some new drill results soon and possibly adding to the previous gold estimate of 350,000 ounces.
North Springs Resources compares to a company like Yamana Gold (AUY) when it became public in 2004. Since then, the stock has sky rocketed over 850%. A comparable rise in North Springs Resources stock would make it close to a $10 stock.
Something also to keep in mind is that with the potential in the North Springs' properties, it may be a perfect acquisition opportunity by one of the big cap gold stocks such as Newmont Mining (NEM), Barrick Gold (ABX), or Yamana Gold itself. In a recent article published on Seeking Alpha, the author noted that investors should "expect mergers and acquisitions in the gold mining industry moving into 2012." The reason given was that many of the senior miners "face the prospect of maturing mines and diminishing reserves, in addition to production delays and shortfalls among new projects."
Huge swings on very low volume. It could run easy. $AERN
Is this report on North Springs Resources concessions? $NSRSE
http://www.tonogold.com/i/pdf/2005_1118_Geol_DH_targets_NSpgs.pdf
It is encouraging to see renewed activity. It seems that there are rumors of PRs or filings coming. You never know. Some of us got in at 5 to 10 times the present PPS. So, for me, there is no reason to get excited yet. It is possible that one or more of the concessions has made progress or is actually producing. If they file financials, we can see whether there is production or not. I would like to see the "E" removed. $NSRSE
Chris12, have you done any follow-up research on the companies NSRS partnered with? http://www.otcfn.com/nsrs/nsrs-report.pdf
Do you think Algae International Group, Inc is the new direction for the marjority owners of NWMT?
Watching and waiting for news----$DRAG