AGORACOM Small Cap TV - August 12th - Highlights
posted on
Aug 12, 2011 09:44AM
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 Aug 12th, 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.
Mega Files NI 43-101 Technical Report for The Gold Resources at The Monument Bay Project in Manitoba
Mega Precious Metals Inc. (TSX - VX: MGP),
announces that, further to the news release of June 27, 2011, it has filed the National Instrument 43-101 Technical Report entitled "Technical Report and Resource Estimate on the Monument Bay Project, Northern Manitoba" dated August 10, 2011, on SEDAR at http://www.sedar.com. The report has also been posted on the Company's website at http://www.megapmi.com. There is no material differences between the results of the Technical Report filed today and the disclosure provided in the June 27 news release.
The Monument Bay deposit is now estimated to contain: NI 43-101 compliant Measured Resource of 221,510 tonnes grading 12.48 g/tonne, plus an Indicated Resource of 2,199,100 tonnes grading 7.12 g/tonne plus Inferred Resources of 6,147,000 tonnes grading 6.01 g/tonne using a 3.0 g/tonne cut off grade.
MEGA June 27, 2011
Monument Bay Mineral Resource Estimate
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Classification Tonnes Gold Grade Contained Ounces
(grams/tonne)
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Measured 221,510 12.48 88,905
Indicated 2,199,100 7.12 503,188
Measured+ Indicated
Sub Total 2,420,610 7.61 592,093
Inferred 6,147,000 6.01 1,187,091
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Last: 0.78 Range: 1.04-0.34 Market Cap: 59.7 million
Buchans Minerals files improved positive Preliminary Economic Assessment Report on SEDAR
Buchans Minerals Corporation (TSXV: BMC)
pleased to announce that it has filed the positive Preliminary Economic Assessment Report ("PEA") on its 100% owned Lundberg base metal project on Sedar.com. The PEA is compliant with National Instrument 43-101 ("NI 43-101") and was completed by Wardrop Engineering, a Tetra Tech Company ("Wardrop"). The PEA is based on a 5,000 tonne per day open pit mining and milling operation over a 10 year mine life. The project's base case is forecast to provide a pre-tax internal rate of return ("IRR") of 43.94% and a net present value ("NPV") at a 6% discount rate of CDN$217.8 million at base case metal prices of 1.22 US$/lb Zinc, 3.62 US$/lb Copper, 1.10 US$/lb Lead and 22.74 US$/ozSilver.
At metal prices 10% above base case, the IRR is 53% and the NPV at a 6% discount rate is CDN$291.3 million.
.
Highlights:
-- A pre-tax IRR of 43.94% and an NPV at a 6% discount rate of
$217.8 million on total life of mine (LOM) cash-flow of $471.5
million.
-- Average operating costs for the first five years of the project
are $24.53 per tonne on net revenue of $61.76 per tonne. This
translates to a revenue to cost ratio of 2.5 to 1. For the 10
year LOM the average operating costs are $23.79 per tonne on
net revenue of $52.95 per tonne for a revenue to cost ratio of
2.2 to 1.
-- Payback for the project is estimated at 1.4 years on initial
capital of $119.6 million and sustaining capital over the life
of mine of $32.4 million for total capital expenditures of
$152.0 million. Capital estimates includes $10.2 million
indirect costs, $3.8 million owners costs and $19.1 million
contingency.
About Buchans Minerals Corporation
Buchans Minerals Corporation (BMC-TSX-V) is a Canadian exploration company focused on developing its base metal properties and deposits in and around the famous Buchans mining camp in central Newfoundland. The Buchans mine was one of Canada’s richest base metal mines which produced 16.2 million tonnes between 1928 and 1984 grading 14.51% zinc, 1.33% copper, 7.56% lead, 126 g/t silver and 1.37g/t gold.
Last: 0.05 Range: 0.17-0.03 Market Cap: 7.5 million
Bovie Medical Corporation Announces Second Quarter Financial Results; Revenues Increase 16% over Previous Year, Receives $2.6 Million OEM Electrosurgical Generator Commitment
Bovie Medical Corporation (the "Company") (NYSE Amex: BVX), a manufacturer and marketer of electrosurgical products, today announced its financial results for the second quarter and six months ended June 30, 2011.
Revenues for the quarter ended June 30, 2011 increased 16% to $6.8 million versus $5.9 million for the comparable period last year. Net income was $429,000 or $.02 per diluted share compared to a net income of $56,000 or $.00 per share in the same period last year.
Revenues for the six months ended June 30, 2011 increased 13% to $13.0 million versus $11.5 million for the comparable period last year. Net income was $921,000 or $.05 per diluted share compared to a net loss of $(170,000) or $(.01) per share in the same period last year.
In other news, the Company received a $2.6 million commitment from an OEM customer to manufacture electrosurgical generators with delivery slated to begin later in the year.
Bovie Medical is setting the standard for surgi-center and hospital-based electrosurgical generators and accessories with a range of “state of the art” models: the Aaron 800-EU™, the Aaron 900™, the Aaron 950™, the Aaron 1250™, the Aaron 2250™, and the Aaron 3250™ along with the IDS-200™, IDS-300™, and ICON Gi™. This full line is the most complete offering of any USA manufactured electrosurgical generator product. The feature-packed generators are designed from the ground up to be extremely reliable, and are UL and Canadian Standards compliant. All of these generators are available for private labeling.
Last Trade: 2.31 52 Week: 5.00 – 1.67 Market Cap: 40.99 Million
1-800-537-2790
Nutrastar Announces Second Quarter 2011 Financial Results
Nutrastar International Inc. (OTCBB: NUIN; "Nutrastar" or the "Company"), a leading producer and supplier of premium branded Traditional Chinese Medicine ("TCM") consumer products, today announced record financial results for the three and six months ended June 30, 2011.
Financial Highlights for the Three Months Ended June 30, 2011:
Revenues increased 40.8% to $7.68 million
Gross profit increased 30.1% to $5.95 million, a gross margin of 77.4%
Net income rose 14.2% to $3.90 million, representing a net margin of 50.8%
Basic earnings per share ("EPS") was $0.26; Diluted EPS was $0.24
Financial Highlights for the Six Months Ended June 30, 2011:
Revenues increased 31.8% to $13.48 million
Gross profit increased 25.3% to $10.37 million, a gross margin of 77.0%
Net income rose 12.6% to $6.91 million, representing a net margin of 51.3%
Basic EPS was $0.46; Diluted EPS was $0.42
Financial Position
As of June 30, 2011, the Company had cash and cash equivalents totaling $45.82 million, total assets of approximately $63.66 million, working capital of $45.84 million and stockholders' equity of $60.20 million. The Company generated $6.0 million in net cash from operating activities for the six months ended June 30, 2011.
About Nutrastar International Inc.
Nutrastar is a China based leading producer and supplier of premium branded TCM consumer products including commercially cultivated Chinese Golden Grass ("Cordyceps Militaris") and functional health beverages. Cordyceps Militaris is one of the most highly regarded herbal nutrients in TCM. The Company is headquartered in Harbin, capital of Heilongjiang Province, with 321 employees, 21 in R&D, and 140 in sales and marketing.
Last Trade: 2.41 52 Week: 3.54 – 2.00 Market Cap: 35.25 Million
ir@nutrastarintl.com