Liberty Gold Corp (LGDTF)

[Mr. Zen]

Fronteer Development Group Inc Research Notes (FRG - TSX/FRG Amex)

http://www.fronteergroup.com

Fronteer is a gold-focused exploration and development company.
Our business model is simple. We discover and advance big deposits with strong production potential.
We are committed to building long-term value through ongoing discovery success and potential future production.
We only invest in projects located in stable geopolitical regions providing
both low technical risk, and the potential for big, robust, economically
significant deposits. We don't waste time or resources on anything else.
Whether discovering minerals at the exploration stage, or building assets
with previously unrecognized value, we focus on the Sweet Spot to
unlock the highest value for our shareholders for one of the lowest
investments of time and capital.
Our Science of Discovery approach allows us to see things that others miss. Project after project, this proven creative and scientific approach has allowed us to identify and quantify world-class deposits where others have tried and failed. It's what differentiates Fronteer. And it's how we've discovered three gold and copper-gold deposits in the past six years.
In the process of discovering gold, we've also made discoveries of other resources, like one of the world's largest primary deposits of uranium, creating extraordinary value for our company. As long as a discovery hits the low risk and high return Sweet Spot, we'll never walk away from any potential opportunity.
Our highly successful business model is also based on our strong management team and strategic partnerships. From Day 1, our strategy has been to build an experienced, well-balanced management team with expertise in finance, business management, exploration, and mining. Our strong fiscal management alone has led us to the solid financial position of being debt-free and fully liquid with approximately $79 million in cash. And our strong strategic partnerships with international senior mining companies like Teck Cominco and Newmont ensure a solid financial footing and low-risk exposure to potential production.


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News

Aurora Board Recommends Acceptance of Fronteer Offer Fri Feb 20, 2:32 PM
Drilling returns 5.32 grams per tonne gold over 25.4 metres at Long Canyon Project, Nevada January 26, 2009
Fronteer launches formal bid for Aurora Energy Resources Inc. January 23, 2009
Discovery of additional gold zone underlines open-ended potential of Agi Dagi gold deposit January 19, 2009
Drilling returns 9.03 grams per tonne gold over 25.8 metres at Long Canyon project, Nevada December 29, 2008
Regional drilling at Halilaga intersects new areas of copper-gold mineralization December 23, 2008

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Aurora Offer to purchase
http://www.fronteergroup.com/sites/fronteer_admin/OfferToPurchase_e.pdf

Final estimates post merger(by others)

After the merger FRG will have approximately $1.50 Canadian dollar, one pound of uranium and 5% of an ounce of gold per share.


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Corporate structure

Updated: February 20, 2009 3:59 PM ET
Last (TSX): 3.090
Change: +0.060
% Change: 1.98%
Volume: 241,018
52-wk high/low: CAN$9.600 - $1.550
Basic shares O/S: 83.551 million
Quoted Market Value: 258.173 million
Fully diluted shares: 89.3 million ~
Options: 5.8 million ~
Daily vol (TSX): 330,100 shares
Cash: $79 million ~ Cdn


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Management Team

Dr. Mark O'Dea, Ph.D., P.Geo.
President and CEO, Director
Dr. O’Dea has been recognized by the Financial Post and Globe & Mail for raising over $320 million in equity financings and building an outstanding exploration team that has developed a sizable portfolio of advanced-stage gold and copper-gold assets, as well as one of the world’s largest primary deposits of uranium. Under Dr. O’Dea’s leadership, Fronteer has become ranked among the Top 50 Strongest publicly traded companies in B.C. for its significant capital, liquidity and asset values. Previous to Fronteer, Dr. O’Dea worked with SRK Consulting and founded Riftore Consulting, providing structural advice on mineral exploration for client companies around the world. Dr. O’Dea is also founder and Deputy Chairman of Aurora Energy Resources and has served as a member of the Board of Frontera Copper Corporation. Dr. O’Dea graduated from Carleton University in 1989 with a B.Sc. (Hons.) degree in Geology. He then completed his Ph.D. in Structural Geology at Monash University in 1995 and subsequently held a one-year Postdoctoral Research Fellowship.
Sean Tetzlaff, CA, B.Comm.
CFO and Corporate Secretary
Mr. Tetzlaff has been the CFO and Corporate Secretary of Fronteer since January of 2005. He holds a B.Comm from the University of British Columbia and is a Chartered Accountant. From 1995 to 1997, he was employed by Diamond Fields Resources Inc. From 1997 to 1999 he was the CFO of Valerie Gold Resources Inc. and Emgold Mining Corporation. From 1999 to 2004 he specialized in Canadian Corporate Tax, primarily advising High Technology clients at KPMG LLP Chartered Accountants.
Ian Cunningham-Dunlop, P.Eng.
VP Exploration
Mr. Cunningham-Dunlop joined the company in October 2004, and brings over 20 years of experience in mineral exploration to the Fronteer team. He has primarily worked for senior mining companies such as Barrick Gold Corporation, Homestake Canada Inc, Santa Fe Canadian Mining Ltd., and Goldfields Canadian Mining Ltd. Recently, Mr. Cunningham-Dunlop spent 6 years with Barrick Gold Corporation and Homestake Canada Inc. managing surface exploration at the Eskay Creek Mine in British Columbia. His efforts assisted in both enhancing the size of the local resource, and the understanding of the Eskay Creek Deposit. He also spent two seasons working at the Veladero Gold Project in northern Argentina, focusing on the generation of regional drill targets along the Argentina-Chile border. This work led to the discovery of the Guanaco Zonzo and Bruha Buena gold zones.
Jim Lincoln, M.Sc.
VP Operations
Mr. Lincoln has 30 years of experience in the mineral resource and mining business, including extensive experience in project development, feasibility studies and exploration. He is familiar with all aspects of feasibility from resource definition through mining, processing, environmental assessment, permitting and financing. He has been a team member or project manager on 12 feasibility and prefeasibility studies in nine countries including both underground and surface mining projects. Mr. Lincoln has worked in technical and managerial positions for Boliden Canada Limited, Cominco, Pegasus Gold Corporation, Dayton Mining Corporation, Mt. Isa Mines, and Jinshan Gold Mines Inc. before joining Fronteer Development Group and Aurora Energy Resources. He has also been involved in major mining and development projects worldwide including Red Dog, Alaska; Magmont West zinc/lead Mine, Missouri; Diamond Hill Gold Mine, Montana; Andacollo Gold Mine, Chile; Sarsfield Gold Mine, Queensland, Pueblo Viejo Gold Mine, Dominican Republic, and the CSH 217 Gold Project in Inner Mongolia, China. Mr. Lincoln holds a B.Sc. degree in geology from Eastern Michigan University and an M.Sc. degree in mineralogy/materials from the Ohio State University.
Chris Lee, M.Sc., P.Geo.
Chief Geoscientist
Mr. Lee specializes in project evaluations, structural analysis, grade control and resource estimation, and has applied these skills across a broad spectrum of deposit types around the world. Previously a Principal Consultant with SRK Consulting (Canada) Inc., Mr. Lee has worked on more than 60 mining projects, from grassroots exploration to full feasibility and producing operations.