Message: AGORACOM Small Cap TV - January 4th - Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s January 4, 2011, and we’ve found 5 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
China Integrated Energy Announces 25% Increase in Petroleum Contract with Existing Wholesale Distribution Customer
Expanded Contract Expected to Add $36 Million in Revenue for 2011
XI'AN, China, Jan. 4, 2011 /PRNewswire-Asia-FirstCall/ -- China Integrated Energy, Inc. (Nasdaq:CBEH - News), a leading non-state-owned integrated energy company in the People's Republic of China, today announced that it has signed a contract with an existing wholesale distribution customer to deliver an estimated 200,000 tons of petroleum products in 2011, an increase of 40,000 tons, or 25%, from 2010. This newly signed contract is expected to generate an additional $36 million in revenue in 2011.
This new contract for expanded volumes demonstrates the Company's continued success in further penetrating existing territories to meet increased demand from its current customers.
This customer has purchased 160,000 and 98,000 tons of petroleum products from the Company in 2010 and 2009, respectively.
About China Integrated Energy, Inc.
China Integrated Energy, Inc. is a leading non-state-owned integrated energy company in China engaged in three business segments: the production and sale of biodiesel, the wholesale distribution of finished oil and heavy oil products, and the operation of thirteen retail gas stations. The Company operates a 100,000-ton biodiesel production plant located in Tongchuan City, Shaanxi Province and a 50,000-ton plant in Chongqing City, China. The Company expects to increase the total biodiesel production capacity to 200,000 tons upon completion of a new 50,000-ton production facility adjacent to the 100,000-ton plant in Tongchuan City in January 2011. The Company utilizes a distribution network covering 16 provinces and municipalities, established over the past 11 years, to distribute both heavy oil and finished oil including gasoline, petro-diesel and biodiesel.
Last Trade: 7.4752 Week: 12.31 – 6.05Market Cap: 252 Million
Vista Gold Corp. Announces Results of a New Preliminary Feasibility Study at the Batman Deposit at its Mt. Todd Gold Project, Northern Territory, Australia; Doubles Estimated Proven and Probable Reserves to 4.1 Million Contained Gold Ounces
Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) is pleased to announce the positive results of a new Preliminary Feasibility Study ("PFS") for the Batman deposit at the Company's wholly-owned Mt. Todd gold project in Northern Territory, Australia. The new PFS was managed by Tetra Tech Inc. ("Tetra Tech") of Golden, Colorado, and expands upon the PFS previously completed by Tetra Tech and announced on August 18, 2010. The PFS evaluates the viability of a 30,000 tonne per day processing facility and the optimized extraction of the identified mineral resource. Highlights of the PFS include:
--Increased estimated reserves up 103% from previous PFS
--Estimated 4.1 million ounces of gold
--Improved production and life
--Average annual production 240,000 ounces of gold per year
--14 year life
--Improved economics at long-term and current gold prices
--13.9% pre-tax internal rate of return at $1000 gold price
--23.2% pre-tax internal rate of return at $1350 gold price
--$385 million pre-tax NPV (5%discount) at $1000 gold price
--$945 million pre-tax NPV (5%discount) at $1350 gold price
The PFS study is expected to be filed on SEDAR (at www.sedar.com) within 45 days. All dollar amounts in this press release are in US dollars unless otherwise noted.
The PFS was evaluated using a gold (Au) price of $1000 per ounce, which is less than the three-year trailing average of $1023 per ounce.
About Vista Gold Corp
Vista is focused on the development of the Concordia gold project in Baja California Sur, Mexico, and the Mt. Todd gold project in Northern Territory, Australia, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.
Last Trade: 2.5052 Week: 3.45 – 1.30Market Cap: 116.47 Million
Mercer Gold Drill Hole MGDH-02 Encounters 4 Meters of 2.0 Grams Per Tonne Gold and 33.56 Grams Per Tonne Silver at Guayabales Gold Project, Colombia
Mercer Gold Corporation ("Mercer Gold" or the "Company") (OTCQB: MRGP; AN4 -Frankfurt) has received confirmation of positive results of both gold and silver values from Hole MGDH-02 from the Guayabales Gold Project in the Marmato District in Caldas Department, Colombia.
Hole MGDH-02, drilled to a depth of 300.5 meters from the same pad as MGDH-01/01A at an angle of -60 degrees intercepted 4 meters of 2.00 grams per tonne gold and 33.5 grams per tonne silver within a broad area of anomalous values in the Encanto Zone. Similarly, the predicted parallel zone to the Encanto mineralization was also encountered.
Gold and silver values are now available for both zones and are shown in the table below.
Hole MGDH-02
------------------------------------------------------------------------
IntervalLength (m) Est. True Width (m) Grams/tonne Au Grams/tonne Ag
----------- ---------- ------------------- -------------- --------------
70.0-74.042.62.033.5
----------- ---------- ------------------- -------------- --------------
108.0-112.0 42.60.7417.0
----------- ---------- ------------------- -------------- --------------
The Company is also pleased to report that it has amended the exploration expenditure commitments under the Mineral Assets Option Agreement. The amended terms contemplate $750,000 to be spent in 2010, $5,750,000 in 2011, and $5,000,000 in 2012 respectively.
About Mercer Gold Corporation
Mercer Gold Corporation is focused on gold exploration of the Guayabales Gold Project located in the Marmato Gold District, Department of Caldas, Colombia. Mercer began its initial 5,000 meter drill program on October 20th and partial results have been received to date. An additional 25,000 meter program is planned for 2011, subject to positive results of the initial program.
Last Trade: 0.4052 Week: 0.75 – 0.20Market Cap: 27.46 Million
Metanor Resources Inc.: Bachelor Lake Gold Project's Pre-Feasibility Study Confirms Profitability With an 85% IRR
Metanor Resources Inc. (TSX VENTURE:MTO)
announce very positive results from the Pre-Feasibility Study on its 100% owned Bachelor Lake Gold Project, located near Desmaraisville, Québec, Canada. The Pre-Feasibility Study was completed in collaboration between Metanor's technical team, and a number of independent consultants including Stantec (TSX: STN, NYSE: STN) for the mining and economics of the project.
The Pre-Feasibility Study confirms a pre-tax IRR of 85% and generates over $96M of free cash flow from the underground production of 200,000 oz over an initial 3 year mine life with an average annual production targeted at 60,000 ounces of gold per year.
HIGHLIGHTS OF THE PRE-FEASIBILITY STUDY (All Funds are in CDN dollars)
- Using the 2005 Technical Report issued by Innov-Explo, containing Measured and Indicated Resources of 841,591 tonnes grading 7.79 g/t(grams per tonne) representing 210,857 ounces gold using a 3.43 g/t cut-off grade, (Table 3).
- Proven and Probable reserves were determined, using a cut-off grade of 3.43 g/t to be 843,772 tonnes at 7.38 g/t Au for 200,177 oz Au (Table 4).
- The net present value discounted at 5% is $ 76.3 M with an IRR at 85%, and a payback period of only10 months.
- The Pre-Feasibility Study estimates total pre-production capital expenditures of $35.4M.
- Total operating costs are planned at $ 464 per ounce of gold during the production phase.
-
Project schedule to achieve full commercial production by Q3 2012 is as follows:
- Deepen the shaft another 536 ft. in Q1-Q2 2011.
- Develop two complete new operating levels and infrastructure in Q3-Q4 2011,
- Complete a 5,000 tonne bulk sample in Q4 2011,
- Ramp up production in Q1-Q2 2012.
- Achieve full commercial production in Q3 2012 averaging 5,000 oz per month.
About Metanor Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient exploration, and development of it properties. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.
Last Sale:0.4552 Week Range: 0.36 - 0.71Market Cap: 59.61M
Hudson Resources Reports Significant Rare Earth Mineral Resource Estimate at Sarfartoq: 14 Million Tonnes Averaging 1.51% TREO, Including 40.6 Million KG Neodymium Oxide
HUDSON RESOURCES INC. (TSX VENTURE:HUD)
announce the initial National Instrument 43-101 compliant mineral resource estimate of 14.1M tonnes averaging 1.51% total rare earth oxides (TREO) for the ST1 Zone on its' 100% owned Sarfartoq Rare Earth Element (REE) Project in Greenland.
Based on this resource estimate, and due to the fact that the deposit remains open along strike and down dip, Hudson plans to undertake higher-density diamond drilling commencing in May of 2011 with the objective of upgrading the resource to indicated status and increasing tonnage. Furthermore, the resource estimate has confirmed that the ST1 Zone represents one of the industries highest ratios of neodymium and praseodymium to TREO totaling 25%. A Preliminary Economic Assessment is planned for 2011. Since the project is located near tidewater it is ideally situated to provide REEs to both the North American and European markets.
About the company
Hudson is focused on two advanced projects, the Sarfartoq Carbonatite Project, which hosts Rare Earth Elements ("REE"), and specialty metals niobium and tantalum and the Garnet Lake Diamond Project. Both projects are controlled 100% by Hudson.
Last Sale:1.64 52 Week Range: 0.46 - 1.74Market Cap: 99.73M
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