AGORACOM Small Cap TV - June 2nd - Highlights
posted on
Jun 02, 2011 08:49AM
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 June 2nd, 2011, and we’ve found 4 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.
Intrepid Mines Limited: Tujuh Bukit Indonesia NI 43-101 / JORC Compliant Technical Report Filed
Intrepid Minerals Corporation IAU
Intrepid Mines Limited (TSX: IAU)(ASX: IAU) (the "Company") announces that the technical report entitled "Preliminary Economic Assessment Tujuh Bukit Oxide Project Technical Report" dated 1 June 2011, has been filed on SEDAR (www.sedar.com) as well as with the ASX (www.asx.com) (see the Company's news release of 20 April 2011 for the detail of the oxide resource update).
The PEA was prepared by Kappes Cassiday, of Reno, Nevada, based upon column leach and other metallurgical tests performed at their laboratory.
The heap leach PEA is based on the Company's December 2010 resource estimate of the near surface oxide resource at Tujuh Bukit (see the Company's announcement of 14 December 2010) - which is separate from the far larger, underlying porphyry resources - and produced a positive conceptual economic analysis for the project. Significantly, the PEA, based on conservative assumptions, demonstrated a life of project annual average production of 143,000 recovered ounces of gold for 9 years at a cash cost of US$376 per ounce, net of silver credits at US$16.50 per ounce. The project delivers a post-tax cumulative cashflow of US$445 million, an NPV (at a 10% discount rate) of US$180 million and an IRR of 31%, at a gold price of US$1,050 per ounce. The production and financial numbers are reported on a project basis (Intrepid Mines Ltd holds an 80% economic interest in the project).
The study also shows the deposit has considerable leverage to metal prices. At a gold price of US$1,450 per ounce and silver price of US$38 per ounce, post-tax cumulative cashflow increases to US$942 million (a NPV (10%) of US$446 million and an IRR of 54%).
About the company
Intrepid Mines is an international precious metals development and exploration company with primary operations in Indonesia.
Last: 1.94Range: 2.45-0.425Market Cap: 1 billion
Spanish Mountain Gold Reports Results From Current Drill Program: 204.3m Grading 0.46g/t Gold Including 52.8m Grading 0.74g/t Gold
Spanish Mountain Gold Ltd. SPA
Spanish Mountain Gold Ltd. (TSX VENTURE:SPA) ("the Company") is pleased to announce preliminary results of the in-fill drilling program within the Main and North Zones of its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada. These results represent approximately 30% of the total planned drill holes that are designed to upgrade mineralization from the Inferred to Measured and Indicated categories, test for extensions to gold mineralization laterally and at depth and to optimize the design of pit walls.
Highlights of Drilling Results include:
--204.3 metres (m) grading 0.46 gram per tonne (g/t) gold including 52.8m
grading 0.74g/t gold and including 20.4m grading 1.26g/t gold in hole
11-DDH-921.
--62.5m grading 0.64g/t gold in hole 11-DDH-925.
--53.5m grading 0.65g/t gold including 1.5m grading 15.25g/t gold in hole
11-DDH-927.
--127.0m grading 0.51g/t gold in hole 11-DDH-931.
--74.8m grading 0.52g/t gold including 9.0m grading 1.72g/t gold in hole
11-DDH-939.
--59.8m grading 0.57g/t gold including 4.8m grading 1.43g/t gold in hole
11-DDH-937.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com
Last: 0.70Range: 0.83-0.385Market Cap: 81.7 million
BSM Technologies awarded $900,000 contract in expansion of services to existing client
BSM Technologies Inc. (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, today announced that it has been awarded a contract to provide its Sentinel FM asset tracking solution to a major Canadian transportation services provider. For the initial implementation, valued at more than $0.9 million over a two-year period, BSM equipment will be installed on approximately 800 vehicles.
The contract is an expansion of BSM's existing relationship with the client, which has over 1,500 vehicle installs in another division. Later this year, another 400 vehicles will be installed in this division, bringing BSM's total mandate with the client to about 2,700 vehicles and a contract size of $1.2 million.
"This contract expansion demonstrates the effectiveness of the BSM solution," said Aly Rahemtulla, President and CEO. "Since we began working with one division of this client, vehicle installations have expanded by over three times, delivering a measurable improvement in fleet utilization. By adding this additional division they can begin to extend these benefits across the organization."
This new implementation will be integrated with the client's dispatch system to enable real-time fleet management and optimize load matching. The expected benefits include improved fleet utilization and fuel management, reduced maintenance costs and decreased operator down-time.
About BSM Technologies BSM Technologies, through its subsidiary BSM Wireless Inc., is a leading provider of remote monitoring, fleet tracking, fleet maintenance, and business intelligent engine providing real time, web--based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs.
.04.025 - .06$10 Million
China Medical Technologies Reports Fourth Fiscal Quarter and Full Fiscal Year Financial Results
China Medical Technologies, Inc. (the "Company") (Nasdaq:CMED - News), a leading China-based advanced in-vitro diagnostic ("IVD") company, announced its unaudited financial results for the fourth fiscal quarter ("4Q FY2010") and the full fiscal year ended March 31, 2011 ("FY2010") today.
41 FY2010
The Company reported net revenues of US$35.2 million for 4Q FY2010, representing a 31.1% increase from the corresponding period of FY2009.
Gross margin was 61.4% for 4Q FY2010 which decreased year-over-year from 64.9% for the corresponding period of FY2009
Net income was US$2.5 million for 4Q FY2010, which improved significantly from 750,000 for the corresponding period of FY2009. Non-GAAP net income was RB75.0 million US$11.5 million for 4Q FY2010, representing a 45.7% increase from the corresponding period of FY2009.
Adjusted EBITDA was US$21.4 million for 4Q FY2010, representing a 40.8% increase from the corresponding period of FY2009.
FY2010
Net revenues were US$128.6 millionfor FY2010, representing a 16.5% year-over-year increase.
Gross margin was 60.3% for FY2010 which decreased year-over-year from 67.1% for FY2009.
Net income was US$12.6 million for FY2010, which improved significantly from net loss of 10.73 million for FY2009. Non-GAAP net income was US$41.7 million for FY2010, representing a 45.8% year-over-year increase from FY2009.
EBITDA waS US$81.1 million) for FY2010, representing a 43.1% year-over-year increase from FY2009.
Adjusted EBITDA was US$75.3 million for FY2010, representing a 27.3% year-over-year increase from FY2009.
About China Medical Technologies, Inc.
China Medical Technologies, Inc. is a leading China-based advanced IVD company using molecular diagnostic technologies including Fluorescent in situ Hybridization (FISH) and Surface Plasmon Resonance (SPR) and an immunodiagnostic technology, Enhanced Chemiluminescence Immunoassay (ECLIA), to develop, manufacture and distribute diagnostic products used for the detection of various cancers, diseases and disorders as well as companion diagnostic tests for targeted cancer drugs.
Last Trade: 9,8052 Week: 14.45 – 9.40Market Cap: 316.23 Million
Command Center Announces Revenue of $6.62 Million for the Month of May
Command Center, Inc. (OTCBB: CCNI) a national provider of on-demand and temporary staffing solutions, today announced revenue of $6.62 million for the four-week reporting period of May 2011, a 14% increase on revenue of $5.80 million recorded in May 2010. There were 53 company-owned stores in May, as compared with 50 stores one year ago.
The company said revenue from core business segments in May had increased 29% year-over-year. In May 2010, almost $700,000 in revenue was derived from the sharp increase in business associated with last year's clean-up activities during the Gulf Oil Spill.
About Command Center, Inc.
The company provides on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, hospitality and event services, as well as other assignments
Last TRADE: 0.4152 Week: 0.56 – 0.18Market Cap: 23.55 Million