TBLC is my new picks, its rather for long term hold, current price 3.05 USD, it should go up today a bit as there are some great news:
Timberline On Track to Shatter Its Quarterly Revenue Record
COEUR D'ALENE, Idaho, Sept. 14, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTCBB:TBLC) today announced an updated fourth quarter revenue forecast for its wholly-owned contract drilling subsidiary, Kettle Drilling, Inc. ("Kettle"). For the quarter ending in September 2007, Timberline expects to realize total consolidated revenues of more than $6.5-million, shattering its previous quarterly record by at least 35-percent. Timberline also expects its drilling operations to return to profitability this quarter, and to remain profitable for the foreseeable future. Kettle and its subsidiary, World Wide Exploration, S.A. de C.V. ("World Wide"), specialize in underground drilling services in support of active mining operations and advanced exploration projects.
Timberline CEO Randy Hardy stated, "Our rig count has increased sharply over the last several months and this aggressive growth will reflect in our financial performance, both in the current quarter and throughout fiscal 2008. We anticipate continued organic growth next year, particularly in Mexico, but at a moderated pace, allowing us to focus on cost controls, profitability, and sustainability. Looking ahead to 2008, without accounting for the impact of additional drill rigs or unforeseen operational disruptions, we expect to exceed $30-million in total revenue while achieving consistent profitability."
AI
