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I have the same top 3 that you have plus WCU +11.111, SRI +14.516, GSM +14.286, SA.V +11.111
Trading resumed and now AOS is down from 1.74 to 1.50?! I don't understand that one. It is a down market day and also down in this sector, but still.
I believe Ux has finally gone up again, $78 now.
BW, I have positions in 5 of those U's, some more up today...
FSY.TO (Forsys Metals), RSC (Strateco), UEX, PDN (Not a Junior, I know).
Some others that are smaller juniors if you will, that I own and am waiting for a pop are:
FDC (Forum), TEL (Trigon), ESO.V (Eso Uranium), PTU (Purepoint), WUC (Western Uranium, formerly International Arimex), SAN (Santoy), CBP (Consolidated Pacific Bay) and DIT (Ditem Explorations).
Good luck BW, and continued good work on JE and JM .
sp71
ADA is up on this news 13:43 EDT Friday....
ACADIAN MINING SIGNS AGREEMENTS FOR THE SALE OF ZINC AND LEAD CONCENTRATES FROM ITS SCOTIA MINE
13:43 EDT Friday, October 12, 2007
FSC / Press Release
ACADIAN MINING SIGNS AGREEMENTS FOR THE SALE OF ZINC AND LEAD CONCENTRATES FROM ITS SCOTIA MINE
PENDING PROJECT UPDATES
Halifax, Nova Scotia CANADA, October 12, 2007 /FSC/ - Acadian Mining Corporation (ADA - TSX Venture), ("Acadian" or "Corporation") announced today that its wholly owned subsidiary, ScoZinc Limited, has signed Agreements with two buyers, MRI Trading AG ("MRI") and Trafigura AG ("Trafigura"), for the sale of 100% of the zinc and lead concentrate production from Acadian's Scotia Mine in Nova Scotia. Both MRI and Trafigura are headquartered in Zug, Switzerland. The Agreements specify the commercial terms for the sale of Scotia Mine production from start-up to December 31, 2008, as contemplated by the Memoranda of Understanding announced on June 27, 2007 in News Release No. 21- 07. The contracts also include an opportunity to continue the arrangements for a further two years, to December 31, 2010, should the parties agree in late 2008 to principal terms governing production for this period.
No production has been sold forward at this time and, as a result, an investment in Acadian provides full leverage to zinc and lead prices. However, the Corporation will assess the possible merits of selling forward a portion of the production from time to time as market conditions warrant.
Stanley Neamonitis, special marketing consultant to Acadian Mining based out of New York, has stated, "The commercial terms in the Agreements for the sale of production from Scotia Mine are very favourable to Acadian Mining."
Will Felderhof, President and CEO stated, "We are pleased to have reached agreement on the sales terms of the Scotia Mine zinc and lead production with Trafigura and MRI. This is an opportune time to bring a zinc-lead mine into production given the current high prices for these metals. Our anticipated cash flow from Scotia Mine should result in strong growth of the Corporation going forward."
Scotia Mine produces a high grade (60%) zinc concentrate low in iron (less than 1%) and other contaminants and a high grade (75%) lead concentrate. Commissioning of the mine commenced on May 7, 2007 and is currently operating at a mill throughput rate of 2,000 tonnes per day processing mid-grade ore. The mine shipped 800 tonnes of lead concentrates in September, 2007 and the Corporation anticipates shipping a further 1,000 tonnes in early November, 2007. A shipment of 5,000 tonnes of zinc concentrate is also scheduled for early November, 2007. Current zinc concentrates stockpiled at the Scotia Mine and the Corporation's warehouse facility in Sheet Harbour total 4,430 tonnes.
Pending News - Zinc-Lead Projects
Final Assay results from a 25 hole reverse circulation drilling program on the Carrols Corner Prospect located approximately 3 km west of the Scotia Mine mill are expected shortly.
Initial diamond drill results from a drilling program underway on the Getty Deposit located approximately 700 metres west of the Scotia Mine main deposit are expected shortly. A total of 45 drill holes of a 100 hole program have been completed. A second diamond drill was brought on site early in the week which will speed up the drill program.
An inferred resource estimate compliant with National Instrument 43-101 is expected to be completed on the Getty Deposit before the end of October, 2007.
Pending News - Gold Projects
Diamond drill results from a six hole program designed to test the continuity of higher grade gold mineralized trends below 200 metres at the Beaver Dam property are expected shortly. Results of a first phase scoping study on the open pit potential of Beaver Dam is expected in late November, 2007. A metallurgical test program on Beaver Dam gold mineralized material is expected to be completed by the year end.
About the Corporation
The Corporation is a Halifax, Nova Scotia, Canada based resource company which has recently brought the Scotia Mine into operation, a zinc-lead mine located at Gays River, Nova Scotia into operation. In addition to bringing the new mine on stream, the Corporation is focused on exploring and developing gold, zinc and barite properties in Atlantic Canada.
The Scotia Mine will operate initially as an open pit mine and is expected to produce 30,000 tonnes of high grade zinc concentrate and 10,000 tonnes of high grade lead concentrate per year. Please see News Release No. 16-06, July 17, 2006 for further details.
The Corporation is also focused on developing four advanced gold properties, Beaver Dam, Tangier, Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields project. All of the four advanced properties host gold resources described in technical reports prepared in compliance with National Instrument 43-101 and are available on www.sedar.com. A summary of gold resources for Goldenville, Forest Hill and Tangier is provided in News Release No. 01-06, January 5, 2006, under the paragraph titled "About Acadian Gold". A summary of gold resources for Beaver Dam is provided in News Release No 23-07, July 16, 2007. The Corporation is bringing a new approach to the development of Nova Scotia gold deposits by pursuing a multiple mine, central processing, managing and servicing strategy.
The Corporation holds a 44.42% equity interest in Royal Roads Corp. ("Royal Roads") (RRO-TSX-V). Royal Roads' principal asset is a 16,075 hectare (approximately 32 km x 5 km) mineral property known as the Tulks North property which is strategically located in the centre of the world-class Buchans base metal camp in central Newfoundland, Canada. In addition, Royal Roads holds a 34.05% equity interest in Buchans River Ltd. ("Buchans River") (BUV-TSX-V), which also holds a highly prospective property portfolio in the Buchans camp. Acadian's indirect interest in Buchans River is 15.13%.
Royal Roads' Tulks North property is host to the Daniels Pond deposit which was discovered by BP Resources Canada Ltd. in 1989. Royal Roads reported (see News Release issued November 7, 2006) an inferred resource (Zn cutoff = 2%, S.G. 4.0) of 1.69 million tonnes grading 0.57% copper, 4.40% lead, 8.37% zinc, 196.9 g/t silver and 0.68 g/t gold over an average width of 4.2 metres.
Miss Moly is right, what about Tenajon +17%! Up .13 to .86 and has been perculating for several days.
Have you done DD on TJS.V Bob?
This what I have:
- 448.78 MT of 0.063% Molybdenum Inferred Resource, that is 623.4 million pounds Molybdenum
- 38.8 MT of 0.064% Molybdenum Indicated Resource, that is 56.4 million pounds Molybdenum
So total (indicated+inferred) resource is 679.8 million pounds.
TJS's resource is higher than BLE's Endako deposit and OTL's SangDong property though the grade is a little bit lower.
Has a joint venture property with Mountain Boy Minerals (MOA.V) and Pinnacle Mines.
Ajax is one of the largest undeveloped molybdenum deposits in North America and the deposit remains open laterally and at depth. Only 2 pure Molybdenum companies has more pounds in the ground: BLE and GMO.
I got more SST on 08/16/2007 for $1.1917
My DD on Apollo gold, from back in Dec of 2006, was that the management team was suspect to just plain bad. At that time, the stock was at .46 and had potential of a 10-bagger if management got better. You wrote it's trading at a cent higher since then 10 months later. I'd check into management to see what may have changed in that area.
sp71
TBLC hovering around 200 DMA, good time to get in if you are on the sidelines like me?
Thoughts appreciated,
sp71
zino, what is efg.to's relationship with X-Ore Resources, are they in a JV? Do you reco both?
On TRX... Jay Taylor in the Sept. 18, 2007, edition of Gold & Technology Stocks refreshes his buy recommendation for Terrane Metals Corp., recently 39 cents. Mr. Taylor said buy three times between May, 2006, and August, 2007, at prices ranging from 37.5 cents to $1.46. A $1,000 investment each time is now worth $1,827. Terrane has received a National Instrument 43-101-compliant resource estimate for its Mt. Milligan copper-gold project in British Columbia. The report estimates a measured and indicated resource of 5.5 million ounces of gold and 1.93 billion pounds of copper. These metals are contained in 417.1 million tonnes grading 0.21 per cent copper and 0.41 gram per tonne gold. The company expects to complete a preliminary economic assessment and feasibility study for Mt. Milligan by the fourth quarter of this year. Mr. Taylor believes that Terrane's share price will rise fairly dramatically over the next few months as the company outlines the economics of Mt. Milligan. He notes that the company has other good projects, including the Maze Lake gold project in Nunavut and the Berg copper-molybdenum project in British Columbia.
SH shows only 70M OS, what's the real count you have?
Wow, quite a story Monty, thanks for all that info, and continued success to you.
Monty, why is the RNO board on IV the gathering spot for everything gold, etc, and not just RNO? Just curious as to how that evolved. It's a very active board for sure.
sp71
You may be right on Goro, I picked up some at $3.90, and I see it has been as low as 3.80.
Any thoughts on PETROGLOBE (PGB.V), it been beaten down to 52 week lows. The lawsuit from July has been resolved as of Sept 1st, yet it still is being sold down. Any thoughts on an entry point? Jim Willie had a rather bullish article on PGB over a year ago.
Thanks,
sp71
Pick just one, oh vey, putting me on the spot aren't you
Geez, this is a toughy, I guess I'll take the approach of which one would be most difficult to part with if I had to and then it took off without me.
I'd say Impact (IPT.V) with close seconds to Scorpio, Capstone, Metanor.
I've heard of Great Panther, here's a thread that comments on the concerns of some over GPR.TO
http://www.smartinvestment.ca/php/phpBB2/viewtopic.php?t=1696&highlight=gpr
First Majestic, Sabina, Dia Bras, Scorpio Mining, Impact Minerals, Capstone, Silverstone, Excellon, Liberty Mines, ECU, Metanor, Abcourt, Acadian Gold, Starcore, Aurcana, San Anton, Silver Eagles, Houston Lake, Bandera, Metallic Ventures, Tara Gold, VanGold, Carpaithian Gold, Alamos Gold, San Gold, Solomons Gold, West Timmins, Aurizon, Keegan, Northern Star, Rainy River, Southern Arc, Tanzania Royalty, this is a start, somewhat off the top of my head .
You might want to check out SNN.TO and ECU.TO.
San Anton has 50% dibs on a gold deposit that some are expecting to be in the 20 M oz range, which would rival ARU, and ECU Silver may have more Silver in Mexico than all the other Juniors combined, as much as 1 Billion oz.
sp71
Bob, everyone, I'm looking for an undervalued Natural Gas play, any thoughts?
NSE.V?
TRGL?
BME.TO
Penn West (Zapata George favorite)
There has to be more?
Has anyone done DD on the UNG (Nat Gas) ETF?
Thanks,
sp71
AGC is at .60 off a high of 1.59, anyone here see this as grossly undervalued as well? I thought they had a proven? (expected?) resource of 3 M oz Gold. RSI has been under 30 for a bit as well.
Thanks,
sp71
Thanks for the comprehensive reply Bob, using SVM as an example:
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 13, 2007 -- Silvercorp Metals Inc. (the "Company") (Toronto:SVM.TO - News) is pleased to announce that for the first quarter ended June 30, 2007, the Company recorded consolidated net earnings of $15,887,496, equating to $0.33 per share or $0.32 per share fully diluted. The cash flows provided from operations were $20,734,355 with a record profit margin of 65.02% (2007 - 54.41%). All figures are expressed in Canadian dollars, other than share and mining data.
10x this would be $3.20 FD for the quarter. They are on track for much higher eps going forward. The current pps is $15.90, so what am I missing? Since it's for the quarter, do I multiply by 4?
Thanks,
steel
Bobwins, could you briefly explain the difference between cash flow (and the cash flow multiplier) and EPS (Earnings Per Share, which is often quoted in quarterly releases) and how they are both used to evaluate a company?
What are some benchmark numbers to be looking at with both with respect to value. For instance, with the cfm, I've seen that with mining stocks, 12x is sometimes used as 'average'??
Thanks,
sp71
Sounds like Denison is being shrewd businessmen, to put it as nice as possible.
Maybe this explains the recent substantial drops in both BlueRock and Energy Fuels.
It takes 7 years to get the mine up and running from intitial permit contacts. SXR is 3 years away, sounds like STM is about 6, and EFR would be 7 years away in the best case. Makes me rethink my investement in BRD and EFR.
Whats your take?
steelpiston71
I bought more SAM yesterday at .48.
nosleep, you beat me to it, what is going on???
Starcore, down 34%, Bid .11, what happened?
The THAI recovery system that PetroBank is developing/testing is not patented yet, therefore, not for sale for others to readily use.
You are assuming that they will just give this technology away for free?
Also, I'm reading $1 per barrel mostly with the current technology, as opposed to the $2 you've stated.
Obviously THAI will change the entire landscape of the Oil/Tar Sands when it becomes commercially available, and PetroBank will soar exponentially as a result.
The scary aspect of PTCH is that they could easily be a multi-bagger with what they have and without using THAI.
sp71
Ha, what timing, i1t2brich, read my post below.
If .68 seems absurdly low to you, please read the enclosed in regards to resources in the mining world.
First off, if you've never heard of Sprott Investments, Jean Tardiff, Aurelian Resources, POG, Skarn, Bonanza deposit, M&I, recovery, grades, intercepts, etc, then you are already posting about something you know little about.
To those trying to use an example of a $50,000 car that has received an offer of $10,000, in respect to the legitimacy, or illegitimacy as it were, of this offer, is sheer ignorance.
Sprott`s Tardiff said he thought Aurelian would be bought out @60-70 a share, and if the discovery was somewhere other than Ecudor the share price might be there already.
Why would Jean Tardiff make such an outlandish claim as that? Who in Aurelians BOD's right mind would accept such a 'low ball' offer? Looking at the raw numbers for ARU.V will show what I mean:
Shares Outstanding: 33,281,865 fully diluted.
Market Cap: 1,152,550,985
Current PPS: $34.63
Given that ARU.Z's M&I and Inferred resources are estimated at 15 Million Oz Gold, never mind what they could still yet claim additionally AND discounting silver and other metals already found, they have gold pounds in the ground of $690 /oz = 10.35 Billion.
So, again, taking an offer for $68 pps represents they are getting their current mkt cap x 2, which is only 1.152 B x 2 = $2.302 B. I guess they are stupid if they entertain this offer then? Sprott and other securities are not in the business to play games, this would be a legitmate offer price.
Whether Aurus's claims of Multi B in the ground is true or not, does not change the fact that these kinds of offers exist in the mining world. Also, you have many similar resource plays that are significantly undervalued as compared to the mkt cap, as is this one given the numbers we are playing with.
BMC.V may have as much as 2B in the ground, yet their mktcap is 130 M?! That's a 15x difference that was 60x only a few months ago.
ECU.V is set to report this summer over 300 M oz Silver and counting, yet their mktcap is now south of 500 M.
These companies are household names compared to a company from Russia trading on the US Pinks.
Aurus BOD will buy themselves out at .38, add me to the list that has heard this rumor.
GLTA,
sp71
At one time, 208M Barrel PPP was the estimate, when is the last time that number was even mentioned?
leebret, Shares Short 55,914, according to shortsqueeze, although I had to put in ndol instead of nwog.
What's the business plan for the shares owned of fab, I've heard idcn owns as much as 300k? If and when fab spikes, would idcn sell to create more capital, ie, was increased capital the number one reason for investing in fab? If fab goes up, could we see a residual with our pps?
How High can we go today? Ceiling anyone?
Would SEC allow CSHD trading knowing bonds are false? From what I'm reading, people are surmising that the SEC can't prove the bonds are false, but they have a fairly good idea that they must be to some extent. However, the halt to warn traders to get out was the best that they could do to protect investors.
At this point, since the case is still ongoing, is the SEC's message to bagholders to get out now, play the percentages that these bonds are fraudulent, at least some of them? Does the SEC truly not care about the investors, are they are moreso just doing their required duty, ie, the halt for 10 days?
Maybe the SECs Case is too complicated for 10 days to be sufficient, yknow, bc RPH and MA are running such a complicated outfit, with these simple bonds and simple minds and a simple scam that is so easy for people to see, hmmm, something doesn't add up here.
The SEC gave CSHD a timeout on the couch, in essence. Except for 10 minutes, it was 10 days, how can this happen?
I don't understand what the hell they accomplished, how can you halt a company and after 10 days, basically say 'dont do this anymore, now run-along'
SEC proved what? against CSHD in 10 days? That they don't have the time to take them to court? How the hell could they halt the stock, and in 10 days, NOT take this to court?
Tad bit Exorbitant, melodramatic, self-righteous, dont you think? Is this really even a small part of the reason you've spent so much type here?
I'm gonna try your quote out as a sig, see what kind of response that it gets, lol, unreal.