OK-OK MY HOT LIST.-penny stocks..accumulate-slowly
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Es gibt 3 sehr wichtige regeln wenn man penny stocks kaeuft
1-People
2-People
3-People
So und nun hier sind meine "picks" fuer die naechsten 6 monate mit heutigem preis.April 17.alle toronto , vancouver manche frank berlin
sk.h-31c
lak-68c
lth-45c
mdn-60c
tuo-46 1/2c
svg-55c
cdy-86c
ufm-87c
cch-20c
got-61c
mex-37c
lsg-2.21
fuer information mail me privately.....see you in 6 month!!!
4/18/2006
KAMLOOPS, BRITISH COLUMBIA, Apr 18, 2006 (CCNMatthews via COMTEX News Network) --
Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from ongoing reverse circulation (RC) drilling on its 100%-owned Kouroussa Project, located in Guinea, West Africa. A series of 5 RC holes totalling 614 metres "scissored" previous RC holes on 2 sections 80 metres apart, across the Kinkine Zone. Kinkine is located 4 kilometres north of Cassidy's Sanu Filanan deposit. Highlights include 17.70 g/t Au over 14 metres in KRC861 and 16.70 g/t Au over 28 metres in KRC862.
Kinkine Zone
Kinkine was drilled by RC to follow-up on strong aircore drill results over an area of significant historical artisanal mining activity and coincident anomalous soil geochemistry. That program, described in Cassidy Gold Corp News Release dated March 16, 2006, included 2.68 g/t Au over 60 metres in KRC828 and 6.01 g/t Au over 7.0 metres and 2.40 g/t Au over 75.0 metres in KRC829. Multiple zones were indicated, so to test if drill holes were drilled down dip, 5 holes were collared on 2 sections, "scissoring" mineralized zones indicated in the March drilling.
Results of the "scissor" holes demonstrate that several zones of vein-related gold mineralization striking northerly and dipping at a very shallow to moderate angle to the west. A series of lower grade easterly-directed extensional veins are also indicated. The southern RC line includes the longest and highest grade intervals. KRC861 and KRC862 intersected "bonanza-type" veins grading 17.70 g/t Au over 14.0 metres and 16.70 g/t Au over 28.0 metres, respectively, at an oblique angle to the dip. KRC860 intersected 2.40 g/t Au over 19.0 metres, the lower portion of the long interval in KRC829. Similarly, KRC861 intersected 1.69 g/t Au over 35.0 metres that correlated to a portion of the mineralized zone in KRC828
http://www.edzedblog.com/
Value guesstimates
I carry two value guesstimates. I calculate one that is my personal best estimate of the best but still logical possible "outcome". It applies calculations that extend the mathematically averaged actual reported results downward 50 meters below the ends of holes and to the ground surface from the depth at which minerals are reported. This upward extension is entirely logical since the artisans do get gold at surface. The measured gold content and thickness intercepted are averaged. The apparent length of each trend is used. While not "banker" correct, the fact that I average results from the hundreds of holes now actually drilled says that "statistically" I can defend such approximation. Using those averages and "textbook" average rock density I calculate tonnage and indicated gold content. If the present value of gold in the ground is taken at US$200 per ounce, then the "sunny side" amount at which I would sell out without hesitation is more than $100 per share. Squint squint! It keeps growing!
Not a penny less
A more conventional estimate uses the resource calculation made by RSG's engineers to reflect securities regulators standards. As at last July that figure was 433,000 ounces of gold at a cutoff of 2.7 grams per ton. Considering that ores with gold content of less than 1 gram per ton are being mined at a profit by neighboring companies, this is truly a conservative cutoff number. The drilling now indicates 14 finds already made over the course of the program. I expect that of these, only four had enough drilling to provide density of drilling sufficient to satisfy the resource calculation formula. The date of onset of the rainy season may govern how much "resource drilling" will be added this year. President Gillis speculated at the London conference that drilling since last July will extend the resource amount to 1.2 million ounces. An appropriate present value for such resource, using comparison with recent successful takeover bids is C$300 per ounce. This puts a "value" on Cassidy at $360 millions, or, $6 per share now issued. That's a sextuple, right? Have always wanted to work that word in. So, don't take a penny less. Remember it's sexy and it's still growing!
Mr. Brian Booth reports
LAKE SHORE GOLD INTERSECTS 6.0 METRES GRADING 32.52 GRAMS PER TONNE GOLD AS SECTIONAL RESOURCE DRILLING CONTINUES AT TIMMINS WEST GOLD PROJECT, ONTARIO
Lake Shore Gold Corp. has released the latest sectional drilling results on the company's Timmins West gold property, located in the Timmins gold camp, Ontario. Infill drilling results are reported for portions of sections 4350E, 4400E, 4450E, 4500E, 4550E, 4600E and 4700E. Gold intersections over significant widths are reported for both the ultramafic and footwall ore hosts, and have extended the Main zone mineralization an additional 45 metres vertically above hole TG04-58 on Section 4600E. Hole TG06-104 is currently in progress and is planned to intercept and extend the Main zone 100 metres down plunge from Section 4600E. Core intersection highlights within the Ultramafic zone include 32.52 grams per tonne gold (uncut) over 6.0 metres, with another intercept averaging 31.43 grams gold per tonne (uncut) over 3.70 metres, and another hole returning 9.74 grams gold per tonne over 5.50 metres (cut and uncut). A Footwall zone intercept returned a grade of 18.31 grams gold per tonne (uncut) over 4.20 metres, while a hole targeting the Main zone intercepted 4.89 grams gold per tonne over 15.90 metres (uncut), including 26.56 grams gold per tonne (uncut) over 1.40 metres. All zones remain open down plunge.
Four drills are currently in operation on the property, two are focused on sectional drilling, one on infilling the Main zone and Ultramafic zone, with a fourth testing targets east and north of the main surface showing. Previous resource expansion drilling has focused on the Footwall and Ultramafic zones. The Main zone and the Vein zone remain open down plunge to the west.
After a first investment by fund managers from Europe's TopGold Fund, Malaysia's Phoenix Fund and US's Raffles Funds, the highly capable money managers of Dundee Precious Metals Inc. stepped in for "really serious" amounts last December.. The treasury was augmented in March 2006 by a five million dollar injection. The spectrum of "investment grade" financiers is notable. Dundee increased its share ownership to a potential 21% level. (Its commitment to Cassidy is one of the largest single holdings in its portfolio). Cassidy's President J.T. Gillis, speaking at the International Gold Investors Conference in London, U.K. named other institutions that participated in the latest financing. It includes two of Canada's most successful investment managers, Sprott Gold and Precious Minerals Funds and Mackenzie Financial. Evidence of a buying program (more than 6 million shares in 2006 to date), indicates probable other professional investment fund interest.
Batting a thousand
Exploration drilling of targets that were indicated by soil geochemistry or ancient artisanal diggings shows a 100% success rate so far. No discovery has been delineated to its full areal and/or depth extent. Drilling will continue for years to extend already found mineralized zones and features indicated by geophysical measurements, even after the first mines are activated. My count is that there are more than a dozen separate discoveries. This is in only a 50 or so square kilometer area explored to date. This is extraordinary
Cassidy's current exploration program is in overdrive. Four drills kept consultant RSG Global's highly respected management team busy. Reported results are unassailably credible when reported by RSG. RSG's management does the orderly evaluation of an increasing number of new discoveries. Doing evaluation/exploration programs at "big company pace" is expensive. The current capital burn rate must be at more than six million dollars per year. Cassidy's frugality results in almost all treasury money "going into the ground". It spends almost nothing on "stock promotion". Funds already in treasury will sustain current rates of work for about a year. Share purchase arrangements can add $15 to $16 million more to be available for continuing work.
Northern Mining mine yields 147,093 ounces Au in a year
2006-04-17 06:21 PT - News Release
Mr. Paul Girard reports
TULAWAKA MINE PRODUCES 147,093 OUNCES OF GOLD IN ITS FIRST FULL YEAR
Northern Mining Exploration Ltd.'s Tulawaka mine in Tanzania produced 22,350 ounces of gold in the quarter ended March 31, 2006. Tulawaka gold production now amounts to a total of 147,093 ounces since the start of production in March, 2005.
During the last quarter the plant facilities processed 87,143 tonnes of ore at an average grade of 8.35 grams per tonne (g/t) gold and a gold recovery of 95.5 per cent. The first quarter total cash costs averaged $255 (U.S.) to produce an ounce of gold versus budget of $265 (U.S.). Production during the first quarter was restricted by a lack of water during the month of February, due to an extended period of exceptionally low rainfall. This situation has been addressed by an increase in the mine's water storage capacity by 67 per cent, and by a doubling of water-pumping capacity.
Since start-up, a total of 134,367 ounces of gold has been sold, entirely into the spot market.
The Tulawaka mine has now registered more than four million man-hours worked without a single lost-time accident.
The Tulawaka project is a joint venture between Northern Mining (30 per cent) and Pangea Goldfields (70 per cent), a wholly owned indirect subsidiary of Barrick Gold Corp. and project operator through its Tanzanian subsidiary Pangea Minerals Ltd. The information contained in this press release was provided by the project operator.
Teuton, Silver Grail, Canasia identify Clone targets
2006-04-19 09:20 PT - News Release
Also News Release (C-CAJ) Canasia Industries Corp
Also News Release (C-SVG) Silver Grail Resources Ltd
Mr. D. Cremonese of Teuton and Silver Grail reports
GEOPHYSICAL TARGETS IDENTIFIED ON CLONE PROPERTY
Teuton Resources Corp. and Silver Grail Resources Corp. have identified several promising geophysical targets on the Clone property, currently under option to Canasia Industries Corp. The Clone property is situated 12 miles southeast of Stewart, B.C.
Approximately $3-million was spent on the Clone from 1995 to 1998, mostly on drilling of five subparallel shears (Main zone) carrying gold and cobalt mineralization. Drilling in the same area in 2003, returned a drill intercept of 27.8 feet grading 2.357 ounces per ton gold (see Teuton news in Stockwatch, Dec. 9, 2003).
Highlights from the interpretation of the recently completed Aeroquest EM and magnetometer survey carried out over the Clone property are as follows:
at least four new, northwest-trending magnetic lows have been identified, similar to the northwest-trending magnetic low which hosts the high-grade gold-bearing shears in the Main zone;
one of these, the Derby zone, lying 800 metres northeast of the Main zone in an area partially exposed by ablation (meltback of snow and ice) is interpreted as a thrust slice repeating the geological units within the Main zone;
the Derby zone is particularly prospective because the airborne survey also detected several parallel conductive (EM) sources within the magnetic low, which may be due to mineralization in Clone-type shears; and
Teuton, Silver Grail and Canasia have substantially increased the size of the Clone property by recent staking.
Ground truthing of the anomalous geophysical targets is to proceed as soon as field conditions permit. Targets prioritized by this work are to be followed up by diamond drilling.
D. Cremonese, PEng, is the qualified person for Teuton Resources and Silver Grail Resources, in regard to data presented in this news release.
Skyline Gold, Spirit Bear complete Iskut River deal
2006-04-11 15:05 PT - News Release
Mr. David Yeager reports
SKYLINE CLOSES FARM-OUT OF ISKUT RIVER PROPERTY
Skyline Gold Corp.'s agreement with Spirit Bear Minerals Ltd. has closed (see news in Stockwatch on Oct. 26, 2005). Spirit Bear, an arm's-length private company, may acquire a 70-per-cent interest and subsequently enter into a joint venture with Skyline to develop a 4,400-hectare portion of Skyline's Iskut River property. The property is located adjacent to the historic Snip Gold mine, last operated by Homestake Canada Ltd., 40 kilometres west of Barrick Gold's Eskay Creek deposit in northwestern British Columbia. The Bronson slope porphyry copper-gold-silver-molydenum deposit is not included in the property that is the subject of this agreement.
Skyline and Spirit Bear have agreed that Spirit Bear may earn its 70-per-cent position by completing $6.5-million in exploration work on the property, and by paying $240,000 and two million shares to Skyline ($50,000 and 200,000 shares of which have been paid) in stages over the next five years.
The property is underlain by late Triassic to early Jurassic sedimentary and volcanic rocks intruded by Jurassic to Cretaceous intrusive rocks. It includes the formerly producing Johnny Mountain gold mine that produced 2,815,400 grams of gold from 227,247 tonnes milled during the period 1988 to 1993. The property adjoins the formerly producing Snip gold mine that produced 32,093,700 grams of gold from 1,267,642 tonnes of ore during the period 1991 to 1999.
Numerous gold and base metal exploration targets have been discovered on the property by Skyline, that will be the subject of detailed review and target selection by Spirit Bear for an exploration program in 2006.
We seek Safe Harbor.
Silver Grail, Teuton to drill Clone, Tonga et al.
2006-04-24 10:35 PT - News Release
See News Release (C-SVG) Silver Grail Resources Ltd
Mr. D. Cremonese reports
CLONE, TONGA AND CAMPBELL RIDGE PROPERTIES TO BE DRILLED
Silver Grail Resources Corp. and Teuton Resources Corp. have signed a drill contract with Aggressive Drilling of Kelowna, B.C., to drill the Clone, Tonga and Campbell Ridge properties, all situated southeast of Stewart, B.C.
A summary of targets for each property follows:
Clone: new targets developed by ground truthing of several geophysical anomalies identified by a recently completed Aeroquest airborne survey. The principal target lies 800 metres northeast of the high-grade gold shears in the main zone that were the subject of a $3-million program from 1995 to 1998;
Tonga: an 800-by-1,800-metre area marked by anomalous electromagnetic responses within a magnetic low, coincident with a zone of silver-molybdenum geochemical anomalies; and
Campbell Ridge: a 2.5-kilometre-long trend is marked by pervasive molybdenum geochemical soil anomalies. Twenty-five of 60 rock samples taken from within the anomalous areas returned values from 0.1 per cent to 2.4 per cent Mo.
All of the properties are jointly owned as between Silver Grail and Teuton. The Clone property is currently under option to Canasia Industries Corp. Canasia can earn a 50-per-cent interest in the Clone property by spending $1.8-million over the five-year term of the option. Silver Grail and Teuton will be the operators during the term of the option.
D. Cremonese, PEng, is the qualified person for Teuton and Silver Grail in regard to data presented in this news release.
Lakota winds up $1.2-million private placement
2006-04-26 10:01 PT - News Release
Mr. George Breuler reports
LAKOTA CLOSING $1,200,000 FINANCING
Lakota Resources Inc. has closed its previously announced brokered private placement of units (see Stockwatch news dated March 10, 2006). The offering raised gross proceeds of $1,201,200.16 by way of the issuance of 3,906,342 million units at a price of 30.75 cents per unit, each unit consisting of one common share of the company and one common share purchase warrant. Each warrant is exercisable into one common share of the company at any time on or before the second anniversary of its issuance at a price of 41 cents per share.
Canaccord Adams acted as agent in respect of this placement and received 412,507 units and 390,634 agent's warrants as compensation for its services. The agent's warrants are exercisable into one common share of the company at any time on or before the second anniversary of its issuance at a price of 41 cents per share. A total of 4,318,849 common shares from treasury of the corporation were issued in this placement.
Bell Accepted for Trading on the Frankfurt Stock Exchange
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Vancouver, British Columbia: Bell Resources Corporation (the "Company") is pleased to announce that the Company has commenced trading on the Frankfurt Stock Exchange (WKN 000AOD8C8, Symbol H1V/H1S). The Specialist on the Floor is Concord Effekten AG, Frankfurt (www.concord-ag.de).
LEDUC -property...owned by TUO
This large property, acquired by staking in 2003, surrounds the formerly producing Granduc copper property 40 km northwest of Stewart, British Columbia.
The area has been dormant since cessation of mining at Granduc in 1984 but has recently become active again due to the recent strong upsurge in the price of copper. In late 2004, Bell Resources Corp. ("BL") of Vancouver, BC purchased the Granduc property outright, with plans to re-explore and, if successful, resume production at the minesite.
In August of 2005, after completing airborne geophysical surveys over its core Granduc property as well as large portions of Teuton's surrounding Leduc Silver claims, Bell approached Teuton with an offer to option the Leduc Silver. A binding letter of intent was entered into which grants Bell an option to acquire a 60% interest in the Leduc Silver claims for total exploration expenditures of $1.5 million, total cash payments to Teuton of $85,000, and total share payments of 100,000 shares, over the five year term of the option.
Cassidy cuts 26.48 gpt Au over 3 m on Sanu Folo zone
2006-04-27 11:06 PT - News Release
Mr. James Gillis reports
CASSIDY GOLD CORP.: SANU FOLO DELIVERS RESULTS AT KOUROUSSA GOLD PROJECT, GUINEA
Cassidy Gold Corp. has provided results from continuing reverse circulation (RC) and diamond drilling on its 100-per-cent-owned Kouroussa project, located in Guinea, West Africa. A series of 21 RC holes totalling 1,774 metres and 12 core holes totalling 1,503.5 metres have defined Sanu Folo mineralization at a nominal 40-metre drill spacing. Sanu Folo is located 200 metres north of Cassidy's Sanu Filanan deposit. Highlights include 1.79 grams per tonne (g/t) gold (Au) over 24 metres in KD163, 26.48 g/t Au over 3.0 metres in KD171, 24.34 g/t Au over 4.0 metres in KRC874 and 3.70 g/t Au over 19.0 metres in KRC880.
Sanu Folo
The April program focused on defining up to three zones of mineralization along 500 metres of the west-trending Sanu Folo structure, between the JJ zone to the east and Sanu Filanan to the west. Latest RC drilling consisted of 1,774 metres in 21 holes arranged as a series of north-south fences between those completed in December. Highlights include 2.52 g/t Au over 9.0 metres in KRC872, 24.34 g/t Au over 4.0 metres in KRC874, and 11.92 g/t Au over 3.0 metres in KRC875. KRC880 intersected a broad zone of mineralization assaying 3.70 g/t Au over 19.0 metres, including 9.74 g/t Au over 6.0 metres (table 1). Insufficient material for sampling was encountered in four of the 19 metres, including two in the high-grade section, suggesting that the overall grades may be under-reported. True thicknesses are estimated to be approximately 65 per cent of the reported sample lengths.
03May06 Market News Publishing Inc. 2006/05/03 No:0007
TEUTON RESOURCES CORP. ("TUO-V")
- Geophysical Target Identified on 4J's Property
Teuton Resources Corp. ("Teuton") is pleased to announce that a major
target has been identified on its wholly-owned 4J's property by integrating
results from a recently completed, Aeroquest EM and Magnetometer survey
with all prior exploration. The property is located 40 km northwest of
Stewart, British Columbia.
Highlights from the interpretation are as follows:
* A complex 300+ metre long EM anomaly lying astride a magnetic low on the
flank of an intrusive body (see figure attached) is situated under thin ice
cover near the height of land on the west side of the Bowser River valley.
* Abundant sulphide-mineralized float boulders have been discovered
emanating from a source under the ice at two sites, both of them local
embayments into the icefield that encroach upon the area of the EM
anomaly. Six samples of galena-bournonite boulders averaged 24.54 oz/ton
silver, 0.047 oz/ton Au and 28.05% lead.
* Very fine-grained, Pb-Zn-Sb-Ag-Au mineralization hosted in argillites
near the edge of the ice has been characterized as sedex or VMS in nature
based on petrographic studies. VMS expert Dr. Ross Sherlock stated that
the 4J's has "potential for a deposit of significant size and value making
it a worthwhile exploration target."
BC government geological publications have previously cited the 4J's
as sharing some affinities with the very rich Eskay Creek gold-silver
deposits located 38 km to the northwest. The EM anomaly further
underscores the comparison. Jonathan Rudd, Ph.D., chief geophysicist for
Aeroquest Limited stated:
"The Eskay-style sulphide target can range from a non-conductive,
chargeable (will respond to an IP survey, but not to an EM survey) feature
to a semi-massive sulphide target which would be chargeable and conductive,
responding to both EM and IP surveys. Of note, the Eskay Creek deposit
itself is known to be a conductive massive sulphide body. So it follows
that where conductive sulphide targets exist, the priority for follow-up
must be very high given the bonanza grades that these sulphides can host.
The 4J anomaly has a known occurrence of fine-grained stratiform
sulphides in argillite in close proximity to the EM anomaly. The
mineralogy of the sulphide is encouraging with the strong presence of
bournonite, a mineral common at Eskay Creek. Graphite is also identified
as a constituent mineral in this occurrence Assays of this occurrence
indicate the presence of excellent grades."
Teuton will send a geological team to investigate the area of the
anomaly as soon as field conditions permit, probably in early July.
Because of the very rapid meltback of icefields in the Stewart region in
recent years, it may well be that parts of the EM anomaly area are already
exposed. The last time the 4J's was accessed by Teuton personnel was in
1998.
Dino Cremonese, P.Eng., president and CEO of Teuton, commented: "Our
decision to use Aeroquest Limited's state-of-the-art geophysical surveys on
many of our prime Stewart area properties has been rewarded by the
discovery of yet another exciting target. If possible we will drill test
the 4J's later on in the field season, or, alternatively, find an option
partner to undertake the work. With our Del Norte, Leduc Silver, Clone,
Tonga and Campbell Ridge properties already contracted for drilling, early
indications are that this will be the busiest field season ever for
Teuton."
TNR Gold to drill Iliamna's D claims
2006-04-27 12:53 PT - News Release
Mr. Gary Schellenberg reports
ILIAMNA DRILL PROGRAM COMMENCES
TNR Gold Corp. has mobilized technical teams and drill equipment to the Iliamna project's D claims. The drill contractor is Major Drilling Inc., which has substantial experience in difficult drilling situations involving thick overburden, such as is anticipated at the D claims.
Joint venture partner and project operator Geocom Resources Inc. plans to drill at least two 250-metre diamond drill holes to test a large geophysical anomaly that underlies the D claims. The anomaly consists of a large aeromagnetic anomaly that is further delineated by ground-based electrical measurements, which indicate the possible presence of sulphide minerals. Drilling in 2004 encountered copper-gold mineralization in a similar setting at the nearby H claims. Upon completion of this drill program, TNR and Geocom will vest their respective full interests in the D claims block of the Iliamna project, having previously earned their interests in the H claims.
We seek Safe Harbor..web site....www.tnrgoldcorp.com
Kaiser says Lithic gets profile as awakening zinc play
2006-05-05 09:16 PT - In the News
John Kaiser, writing in an April 4, 2006, Tracker, says 35-cent Lithic Resources Ltd. offers lots of upside if its Crypto zinc project captures investor imagination and Stoke Mountain delivers a new discovery. Mr. Kaiser also said buy in November, 2003, at 18 cents. An investment of $1,000 is worth $1,886. The U.S.-baseed letter writer says Lithic is a prime example of an overlooked exploration junior about to get a profile thanks to rising commodity prices. Speculators, he says, want juniors with competent management and projects that already have a resource in place. A significant speculation cycle is imminent, Mr. Kaiser advises. Lithic offers exposure to zinc in Utah with molybdenum, silver and even copper. It has more than $1.2-billion worth of zinc in the ground. Its implied project value is only $9-million. The upside limit until early May will likely be the 50- to 60-cent level. The market must digest 2.9 million warrants exercisable at 50 cents. The company plans geophysical surveys on both Crypto and the Stoke Mountain VMS project in Quebec. Mr. Kaiser says Crypto is quietly getting very pregnant as the price of zinc accelerates.
Kaiser says buy Skyline as pint-sized Galore Creek
2006-05-05 17:18 PT - In the News
John Kaiser, writing in an April 6, 2006, Tip of the Day, says 18-cent Skyline Gold Corp. is a top-priority buy in the 10- to 19-cent range. This is Mr. Kaiser's first buy of the stock. The California letter writer says Skyline's short-term target is 40 to 60 cents. Skyline, he says, has awoken from a seven-year slumber to give its Bronson Slope copper-gold-silver-molybdenum deposit another shot. In charge is Cliff Grandison. He led the initial effort during the mid-nineties until weak metal prices and a disagreement with a shareholder prompted him to step aside. Bronson Slope is a smaller scale version of NovaGold Resources Inc.'s Galore Creek project. While Bronson Slope lacks Galore Creek's world-class size and better grade, its smaller scale gives it a shot in a hot market. Also, Bronson Slope was the subject of a prefeasibility study in 1999, so much of the groundwork has already been done. Mr. Kaiser says Bronson Slope has potential as a $100-million to $200-million dream target. At 18 cents, Bronson Slope has an implied project value of only $9-million. That would rise by 1,000 to 2,000 per cent if further work confirms the dream target potential. That translates into a $2-$4 price target longer term.
The Drubbing of Gold
Author: Jim Sinclair
Dear CIGAs,
The punch the markets took yesterday has participants in a mood akin to a person sitting on a razor blade, terrified to do anything.
I recommend for those that did not read all of yesterday's postings to revert to the item that concerned a near financial failure of the entire carry trade, not copper alone. A failure of such magnitude on the catangos (the difference in spread between cash and futures) due to the bull move might have threatened the financial structure of the historic London Metals Exchange. This would certainly require a central bank rescue.
The drubbing of gold took overnight in the US was the catalyst to send the entire commodity market into panic mode. This was an orchestrated hatchet job via the British Central Bank making a loan of gold to an entity that sold with abandon to create the result. That was the decision anyone in charge might have made.
The $682 magnet functioned yesterday. The dollar stinks and the commodity world is like a boxer that took an upper cut with a glass chin, wobbling in the corner and attempting to get its focus back.
Gold held twice now on the magnet of $682. The US dollar had one day below Fibonacci Support and yesterday rose a smidge above the Fibonacci retracement line. Today the dollar gave that back falling below again. Some call yesterday’s action a rally in the dollar, but it hardly qualifies as that. As long as it remains under pressure it will be very hard to hold gold down.
Weak hands and those with margin calls continued liquidating today. This will cease assuming, which I do, that $682 holds tomorrow. Slowly the courage of the shaken will return.
Panterra to begin drilling in Saskatchewan in June
2006-05-15 14:08 ET - News Release
Mr. Fred Rumak reports
UPDATE ON COMPANY ACTIVITIES
Panterra Resource Corp. has released its upcoming program for the development of its large land blocks in Saskatchewan. After a very long and wet spring breakup period which has delayed activities, it has dispatched survey crews and is in the process of completing the surveying and licensing of 16 locations in the Foam Lake block and 16 locations in the Moose Jaw block. Drilling is expected to commence shortly after all of the well licences have been issued, likely toward the middle of June.
Engineering programs for the company's two wells cased earlier this year on its Shell Lake block are being put together and the company expects to evaluate these wells in the near future, likely in conjunction with the evaluation of some of the above locations to optimize expenditures.
The company wishes to report that, along with its partner, it has acquired an additional 77 gross sections of land (38.5 net to Panterra) at the last Saskatchewan Crown sale. Plans are being put together to have this land developed as soon as possible by a third party.
The company is also pleased to announce that Robert W. Adams, BSc, has joined the company as exploration manager. Mr. Adams brings numerous years of Saskatchewan geological experience to the company and will be an asset in helping the company achieve its goals by developing its land base in that province and pursuing potential acquisitions that fit within company guidelines.
The "Operations" Continued...
Author: Jim Sinclair
Dear CIGAs,
It is a fact this gold market is NOT about gold, but rather copper, zinc and nickel.
The geniuses that trade differences rather than take outright positions (basically the hedge fund geeks) who made so much money over many years trading enormous positions have gone badly wrong on the LME in copper, zinc and nickel. The geeks have once again put a system into financial malfunction and cried to their central bank and treasury to rescue them.
The hedge funds have been the favored borrowers of international and especially British banks. This is due to their supposedly low-risk spread trades and thereupon OTC derivatives. These have gone so badly the LME itself fears the worst. The Exchange Chairman would inform the central bank and the British Treasury of the impending problem, seeking assistance. It is not only the LME that has the problem but all the banks that have lent huge amounts of money to these hedge fund geeks and their “Carry Trade.”
If I were the Chancellor of the Exchequer or the President of the Bank of England it would be much easier to attempt to break the market than put both the LME and the lending banks back together for hedge fund geeks not in the hottest of hot financial water.
What is at risk here is the hedge fund geeks, the exchange, lending banks and the reputation of Great Britain as a financial center.
Now what do we do?
The main item that opposes this tactic is the level of the US dollar. In order to keep the price of gold cold you need to make the dollar hot, not simply wiggle it on the upside. The Fib line the dollar has been rotating around is now acting as a support line and becomes a critical measure. Should it fail to hold the dollar up gold will move up and the BOE will, as they always have, pull out. The gold market can eat any central bank today. Just look at the gold ETFs that are now bigger in gold holdings than the majority of all central banks.
Another measure of how this strategy is working for the BOE will be how the spread between near cash and far copper, zinc and nickel acts. To benefit, the geek hedge funds need the spread difference between near and far to collapse, which is a bearish indicator for copper. If the spread stalls the strategy is in trouble. If the spread moves out then the strategy of pounding gold to avoid an LME crisis fails.
The key to gold’s future is not necessarily gold itself but the action of the US dollar and the spread between near and far on copper, zinc and nickel in London.
We are in a major bull market in gold, copper, zinc and copper which is far from over. The BOE “Save the Bacon” strategy will fail and they will have to liquefy the system, arranging loans to bail out the perps.
The BOE has tried this before and never succeeded as a market manipulator. That is because the BOE has never learned how a consistently successful manipulator works. You can only manipulate a market in the direction it wishes to go. In gold, copper, zinc and nickel that is up, not down.
Gold is going to $1650.
Margin is a financial death wish.
Courage lies in understanding.
Your emotions are always WRONG in gold.
Get a grip and hold that grip
The "Operations" Continued...
Author: Jim Sinclair
Dear CIGAs,
It is a fact this gold market is NOT about gold, but rather copper, zinc and nickel.
The geniuses that trade differences rather than take outright positions (basically the hedge fund geeks) who made so much money over many years trading enormous positions have gone badly wrong on the LME in copper, zinc and nickel. The geeks have once again put a system into financial malfunction and cried to their central bank and treasury to rescue them.
The hedge funds have been the favored borrowers of international and especially British banks. This is due to their supposedly low-risk spread trades and thereupon OTC derivatives. These have gone so badly the LME itself fears the worst. The Exchange Chairman would inform the central bank and the British Treasury of the impending problem, seeking assistance. It is not only the LME that has the problem but all the banks that have lent huge amounts of money to these hedge fund geeks and their “Carry Trade.”
If I were the Chancellor of the Exchequer or the President of the Bank of England it would be much easier to attempt to break the market than put both the LME and the lending banks back together for hedge fund geeks not in the hottest of hot financial water.
What is at risk here is the hedge fund geeks, the exchange, lending banks and the reputation of Great Britain as a financial center.
Now what do we do?
The main item that opposes this tactic is the level of the US dollar. In order to keep the price of gold cold you need to make the dollar hot, not simply wiggle it on the upside. The Fib line the dollar has been rotating around is now acting as a support line and becomes a critical measure. Should it fail to hold the dollar up gold will move up and the BOE will, as they always have, pull out. The gold market can eat any central bank today. Just look at the gold ETFs that are now bigger in gold holdings than the majority of all central banks.
Another measure of how this strategy is working for the BOE will be how the spread between near cash and far copper, zinc and nickel acts. To benefit, the geek hedge funds need the spread difference between near and far to collapse, which is a bearish indicator for copper. If the spread stalls the strategy is in trouble. If the spread moves out then the strategy of pounding gold to avoid an LME crisis fails.
The key to gold’s future is not necessarily gold itself but the action of the US dollar and the spread between near and far on copper, zinc and nickel in London.
We are in a major bull market in gold, copper, zinc and copper which is far from over. The BOE “Save the Bacon” strategy will fail and they will have to liquefy the system, arranging loans to bail out the perps.
The BOE has tried this before and never succeeded as a market manipulator. That is because the BOE has never learned how a consistently successful manipulator works. You can only manipulate a market in the direction it wishes to go. In gold, copper, zinc and nickel that is up, not down.
Gold is going to $1650.
Margin is a financial death wish.
Courage lies in understanding.
Your emotions are always WRONG in gold.
Get a grip and hold that grip
Cassidy Gold drills 47 g/t Au over four m at Kouroussa
2006-05-25 14:01 ET - News Release
Mr. James Gillis reports
CASSIDY GOLD CORP.: 47 G/T AU OVER 4.0 METRES AT KINKINE, KOUROUSSA GOLD PROJECT, GUINEA
Cassidy Gold Corp. has released results from continuing reverse circulation (RC) drilling on its 100-per-cent-owned Kouroussa gold project, located in Guinea, West Africa. Resource drilling continued at Kinkine, adding 11 reverse circulation (RC) holes totalling 1,263 metres. RC drilling also targeted the 777 zone at Manie. Highlights from Kinkine include 47.08 grams per tonne (g/t) Au over four metres in KRC910, 3.94 g/t Au over 18 metres and 2.96 g/t Au over 21 metres in KRC913, and 2.30 g/t Au over 31 metres in KRC919. True widths have not been calculated because mineralization is controlled in at least two orientations. Kinkine is located four kilometres north of Cassidy's Sanu Filanan deposit.
Kinkine zone
The Kinkine zone consists of near-surface, potentially open-pittable, oxide mineralization. Latest drilling suggests that a hard rock source of the oxide mineralization has been identified and further drilling is planned to test potential new controls to primary mineralization in addition to expanding near-surface mineralization. Mineralization remains open to the north and south and to the east.
Mr. James Gillis reports
JUNCTION ZONE RESULTS AND NEW PERMIT, KOUROUSSA GOLD PROJECT, GUINEA
Cassidy Gold Corp. has provided the results from recently completed diamond drilling on its 100-per-cent-owned Kouroussa gold project, located in Guinea, West Africa. Highlights include 7.12 grams per tonne (g/t) Au over 13.0 metres in KD-174 and 1.57 g/t Au over 29.0 metres in KD-175. Diamond drill holes were oriented perpendicular to the moderately southeast-dipping Junction mineralized zone. Thus, reported lengths approximate true widths. Junction is located 2.5 kilometres northwest of Cassidy's Sanu Filanan deposit.
Cassidy is also pleased to announce that its wholly owned subsidiary, Cassidy Gold Guinee SARL, has been granted an exploration permit for the Kouroussa West property covering 226 square kilometres contiguous to the west of Cassidy's Tambiko permit, part of the Kouroussa property. The Kouroussa West exploration permit, Arrete No. A2006/2479/MMG/SGG, authorizes the company to explore for gold and associated minerals on the permit area for an initial term of two years, subject to a 15-per-cent state participation.
In addition, Cassidy Gold Guinee SARL has been granted renewal permits for its Kouroussa main and Kouroussa North permits as well. The project properties now comprise 1,066 square kilometres and are in good standing until May 10, 2008.
Junction zone
The Junction zone consists of near-surface gold mineralization stretching over a strike length of greater than 600 metres hosted in carbonaceous sediments adjacent to Niandan mafic volcanic rocks. The zone dips moderately to the southeast. Eight diamond drill holes totalling 817 metres were completed with seven of the eight spaced 50 and 85 metres apart. One hole failed to reach the zone of mineralization.
KD-174 to KD-178 were collared in the central portion of the Junction zone. Highlights include 7.12 grams per tonne (g/t) Au over 13.0 metres in KD-174 and 1.57 g/t Au over 29.0 metres in KD-175. To the north, KD-178 returned 0.95 g/t Au over 20.0 metres and KD-179 assayed 2.34 g/t Au over 6.0 metres. KD-184, at the southwest limit of the defined mineralization, was abandoned prior to entering the mineralized zone. KD-185 stepped 375 metres along strike to the southwest and intersected mineralization that assayed 1.06 g/t Au over 9.0 metres.
JUNCTION ZONE -- DIAMOND DRILL RESULTS
Hole From To Length Au
ID m m m g/t
KD-174 35.0 48.0 13.0 7.12
KD-175 5.0 13.0 8.0 0.64
and 18.0 47.0 29.0 1.57
KD-176 46.0 51.0 5.0 0.71
and 59.0 60.0 1.0 16.70
and 65.0 72.0 7.0 1.25
KD-177 10.0 12.0 2.0 1.50
and 29.0 40.0 11.0 0.83
KD-178 3.0 6.0 3.0 5.02
and 44.0 64.0 20.0 0.95
KD-179 46.0 49.0 3.0 1.67
and 55.0 58.0 3.0 0.83
and 69.0 75.0 6.0 2.34
KD-185 93.0 102.0 9.0 1.06
and 114.0 116.0 2.0 1.51
Core drilling confirmed geological interpretation, allowed detailed structural measurements and delivered samples for bulk density testing. Metallurgical testwork of the mineralization hosted in carbonaceous rocks is planned. Core assays follow up on highly favourable results of three phases of drilling completed earlier this year (see news in Stockwatch on Feb. 7, March 2, and March 30, 2006). An updated location map will be posted on the company's website shortly.
Kouroussa West permit
The new Kouroussa West permit is contiguous to the west of the Tambiko permit. Kouroussa West was acquired to cover the projection of favourable structures and geology interpreted from airborne magnetics and radiometrics data collected last December. The Dalaoule and Banjounani areas are the subject of continuing soil geochemistry and aircore drilling of geophysical and geochemical anomalies, in an area of significant artisanal mining activity.
Sampling and assay procedures
All drill core samples were split using a rock saw over sample lengths of 0.5 to 1.5 metres. Holes are drilled with HQ rods through the saprolite and reduced to NQ size once in bedrock, typically between 40 and 100 metres depth. All samples were sent to the SGS analytical laboratory in Siguiri, Guinea, for fire assay using a 50-gram subsample. Samples assaying greater than five g/t gold are reassayed using a metallics screen technique. Repeat assays are made on every 25th sample, and duplicates and blanks are submitted, one each in every 20 samples. Quality control/quality assurance is closely monitored by RSG Global personnel.
WHAT THE BLEEP DO WE (THEY?) KNOW??
May 31, 2006
Summary/Conclusions: Decision about investment in Cassidy obviously has passed almost entirely away from share price depending mostly on "latest drill results" to price governed by who has dominant share ownership and what such majority shareholders have in mind.
Cassidy (CDY) is delineating and evaluating more than a dozen promising discoveries. These are in close proximity to each other. Reports of discoveries and extensions do not move share price much. The third party resource calculations reported a year ago of results from parts of only three of the finds indicated more than enough gold to justify a mine even then. Those discoveries have since been confirmed and extended and new ones added. Whether the next calculation (expected in June or July '06) indicates one million ounces, or more or less, really may not matter much to the share price anticipations. The shares are deeply under priced even on last year's announced resources. More good prospects are recognized to exist. The market simply does not care about these facts.
CDY's shares enjoy good liquidity but continue to trade at a deep discount to underlying value. Highly knowledgeable, new shareholders recently took very, very large share positions. One new, huge shareholder is an investment fund that recently turned itself into an operating mining company. It purchased sufficient treasury shares and holds share purchase warrants in sufficient amount to become a 21% CDY shareholder. Under the rules of the TSX and Securities Commissions, that can cause it to be designated a "special controlling shareholder". Such shareholder's actions are subject to added regulatory scrutiny if the shareholder takes an active part in the management. This adds to assurance of fair treatment for small shareholders. What should an investor do? I have compiled some observations to help in my decisions and share them now with you.
What does an expert say? Dr. Skousen is an economist, financial advisor, university professor, and author of more than 20 books. An ex-CIA economic analyst, he has been a columnist for Forbes magazine, The Wall Street Journal and appeared on ABC News, CNBC Power Lunch, and CNN, among others. He is a self-defined mining investment "expert" but I doubt he has heard of CDY. Here is what he says that is applicable in general. "The absolute best time to buy a mining stock is just prior to the drilling of a "discovery" to achieve spectacular returns for investors. But, statistics show that out of 600 properties where an ore body is discovered, only one is subsequently made into a mine! The experience gained over 30 years is that the truly best time to buy mining stocks is when a qualified management team is preparing to convert/construct an 'ore body' company into a producing mine". Purchase and holding of mining stocks during the delineation, development/construction period has, historically, produced the most significant gains and carries a favorable risk/reward ratio. Ore bodies are discovered. Mines are made!
Key observation: Cassidy's largest (declared, known) shareholder is very much "a qualified management team" and CDY is definitely preparing to turn ore bodies into (a?) producing mine(s?). As well, Cassidy continues to explore, in both, the traditional indicated anomalous areas of the Kourassa permits, and soon, on the Sigiuri permits, which are near a competitor's profitably operating mine! So one might get the discovery bonus Skoussen talks about in the next months, as well.
Observations:
A. We see: Despite year to date trading of more than 16 million shares of Cassidy (about 25% of the entire currently issued and 20% of all if fully diluted) share price has gone up a paltry 40 cents from the levels at the end of 2005 to now hover around the $1.00 p.s. mark.
B. The treasury already contains sufficient funds to ensure unprecedented levels of exploration and delineation to be done for at least a year. Extant warrants priced below current share price exist. When exercised these will provide wherewithal to continue the same activity pace for about another year.
C. Who is selling? Significant puzzlement exists about the identity of the seller/buyer of the shares spoken of in A. above. Selling of large blocks comes from numerous sources. Most of the time the "buy" broker is CDY's underwriter. Therefore some shares are likely sourced from the underwriter's clients as the fund managers lock in portfolio profits after a double in share price. They are secure in case of a runaway because they still hold warrants.
D. But who is the buyer? The underwriter's analyst "lowballed" the stock's potential. He sees it to only double this next year. So who is smarter than the analyst? Who has the knowledge and capacity to take up that number of shares. Is it another investment fund? Is it a potential takeover suitor? At least one major gold miner reacted to Cassidy's success by acquiring adjoining permits. Is it that same major? Or is it the largest declared shareholder? Whoever it is, it definitely appears to have the advantage of experience in interpreting announced results that the "great unwashed herd" of stock punters lack. It also has the money and patience to back a conviction.
E. Oops! Numerous junior exploration companies were able to raise spending money three and four years ago in the first blush of gold fever. Predictably (remember the one-in-600 number?) most "bent their pick". They have not had success sufficient to attract new exploration and delineation money. A few companies have done well, and a larger number have convinced the public that they are doing well, but really have less to show and less potential than does CDY. CDY is a true rara avis of undervalued junior companies even at the present low stage of gold stock fever enthusiaism. Holding one's own in these markets is testimony to value.
F. Gold fever. Partly thanks to President George W. Bush, the following type of opinion is gaining ground among the world's investment community. "WASHINGTON (MarketWatch Update: 1:09 PM ET May 27, 2006) -- Flaws in the dollar are going to move the price of gold higher, said James Turk, the founder of Goldmoney.com, in an interview in Barron's magazine. The price of gold is "going much higher," and the $8,000 per ounce forecast he made a couple of years ago is "probably as good a target as any," Turk said. A near-term spike to $2,000 is possible," he added. Wowee! Remember what happens to CDY's (or any other miner's stock) price doesn't depend on whether such per ounce price actually comes about. What matters is how many people fear/anticipate it. Remember the market is always 50% wrong! One of: the buyer, or the seller, shouldn't have!