Some ideas for picks- for Ganalane
posted on
Nov 22, 2010 10:38AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Ganalane- Sorry I didn't reply earlier, but I don't look at the off-topic board much...
Here are some ideas- some are repeats. I own the following:
SFMI- Are now in production with their new mill processing 800k tons+ of preciously mined ore sitting on their property. Tweaked the mill with "lower grade" stuff that's probably just inder 1 oz/ton, will now move to a pile that's 2-4 oz/t. Sent the first batch of concentrate to the smelter, we're now awaiting the announcements of grades, revenues for that first batch. They'll use the money to reopen and start mining from the mines on their site, historically grades averaged 2.5 oz/t. A number of announcements expected by the end of the year, including possibly the announcement of a very high powered addition to the BOD. Insanely low-valued at <$40M (0.16/share), should soon be generating maybe $6M/month at porcessing costs of $50/ton. I expect that to change with announcements of revenue, grades, etc. Estimates of 5-8M oz Au eq and up in the mountain in addition to the 1M+ oz in the above ground ore.
SLTA- gold company in Argentina. Should be restarting small scale production on alluvial deposits soon to generate cash to start mining hard rock deposits. Now have backing from Goldfields, an ethical gold supplier to Cartier. Using some of the backing to get their financials up to date, a problem that has resulted in a "caveat emptor" on the otcmarkets.com pinksheet site. That has probably kept the price low.
WOLV- Wolverine Exploration (be sure to get the right Wolverine, there's also Wolverine Minerals). Awaiting drilling results on a huge unexplored parcel in Labrador. The stock price dropped when the first drilling results were ~0.24% Cu, much less than the 4-6% of the surface samples. What the PR didn't mention though was that ground conditions had prevented drilling in the areas from these samples, drilling was conducted away from the best spots. Presently trying to get a huge IP ground survey done before winter weather sets in, that will determine where much of the winter drilling will take place, which will include the best areas this time. Indications of Cu, Au, U, etc. on over 10k hectares of claims in totally unexplored territory.
Talison Lithium (TLH.to, TLH.v, TLTHF.pk) The world's largest lithium producer recently IPOed.
Athabasca Uranium (UAX.v, ATURF.pk) Doing exploratory drilling on property on line with finds by majors.
LBSR- NorthernDynasty (NAK) is working on their "Pebble Project" in Alaska that may end up being the largest Cu-Au mine in NA, maybe the world. Still need permits. Backed by Hunter Dickenson, who should be able to supply the billions needed for construction. The head guy at Liberty Start recognized that NAK's claims were one small part of a huge volcanic caldera, and he put claims on the rest of it, which might contain6-7 or more "Pebbles". NAK and LBSR working on a mutual agreement. LBSR needs NAK's funding, and NAK may need LBSR's properties to avoid usign environmentally fragile areas as a dump.
Sold the following to take profits:
RBY- Rubicon keeps reporting spectacular grades. Should be coming out with a 43-101 shortly.
Don't own this, but am considering:
RXEXF.pk RX Exploration. Re-opening mines that had been flooded decades ago. Competing claims caused one of the "owners" (the Rothschild family) to flood mines that had huge grades when they lost in court. RX Exp is pumping them out, and has already started "mining" and are reportedly cash flow positive already.