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This is from February. Thom Calandra? I thought

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Stock   Thursday, 03/24/11 07:09:05 PM
Re: Renee post# 12
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This is from February. Thom Calandra? I thought he was dead.

Reputable junior miners in Africa
2/8/2011 2:30:35 PM | Thom Calandra

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...THIN SKINS: The Caribou mine I just toured in Colorado has gone the rounds so many times, no one on planet North America, with the exception of FOUR-DECADE operator Tom Hendricks, can tick off the successive companies that gained and lost the THIN-VEIN deposit to lenders, banks, other companies and bankruptcy courts.

I am on record as saying that Calais Resources (OTO: CAAUF) will repeat the rapid-fire equity rise we last catalogued in a similar silver-gold mine developer: Comstock Mining (redacted). I know folks, mostly Ticker Trax subscribers, who cleaned up on Comstock stock during a three-month span this past autumn. Comstock stock has since lost the “hot money” trade.

This Calais, too, is speculative and dependent on raising new equity and retiring old debt. At Calais, I expect 61-year-old Mr. Hendricks, an underground miner his entire life, and his executive team, will produce a sturdy and Canada-compliant resource statement for the property and its 100-plus veins. As soon as this week.

Calais shares will accelerate even further now that we have broadcast the particulars of the debt-laden resurrection to the Stockhouse audience. Whether the 16-cent (now 31 cents) shares get beyond fair value of approximately 60 cents USA or so, a level that could be attained in two weeks or less, depends on the resolving of $11 million of notes to Brigus Gold (redacted) … and the price new investors will have to pay to purchase what almost surely will be an equity placement in coming weeks. See the entire coverage.

I can guarantee three things about Calais: the company will change its name. The company will not be allowing any more Hollywood film crews on the property for set shoots, including one B-movie in the early ‘80s featuring Margaux Hemingway. Oh, and CEO and Chairman David Russell, who has a mixed record on making investors money, vowed to raise no equity at the stock price when I toured the property last week; that price was about 16 cents and traveling into a tailwind headed northeast, like most of these underground veins appear to be directed. Calais shares on the USA Pink Sheets are higher now and destined for loftier levels as the company solves the debt load and published its 43-101 summary of historic gold resources. I do not own any...


http://www.stockhouse.com/columnists/2011/feb/8/reputable-junior-miners-in-africa

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