Silber Companies - Liste und Neues

heron,
bei paramount war der spread von 1,29 zu 1,89.
Das ist schon heftig.

Nugget,
also mir sagt der chart so gut wie nichts.
Vielleicht kannst du ihn etwas erläutern.....
Ich weiß, dass 08, Bonaventura, Anglogold, Yamana, Kinross so alle zwischen 40-50% plus haben.
die sind gut gelaufen.
Beginnende producer wie Alexis, Peak Gold und metanor, da schaut es schon wieder schlechter aus. metanor ist da etwas die Ausnahme.

Silvercompanies: da sind auch die großen viel besser gelaufen.
FR.TO wird noch nicht als großer gesehen, sie werden es aber.
Also ist da potential. Aber dafür heben wir da die neuen Aktien....

Wie heron gesagt hat, die stories werden laufen, wenn überhaupt eas läuft.
Aber vielleicht so anfang April od. Ende nächster Woche gibt es eine Gegenreaktien.
Die ist definitv fällig.

Ein Artikel, der auch eine Seite der medaille anspricht:
http://www.kitco.com/ind/watson/mar192008.html

Grüße
Tschonko

Und morgen dann schön Eier suchen, weil die braucht man zur Zeit.....
Also nicht alles "verpecken"....

Moriarty mit Kaufaufforderung:

Der Artikel hat einige unterlinks, darum nicht kopiert.
Interessanter Chart (siehe unten) in dem Artikel. mit dem kann ich auch was anfangen...

Erwartet hohen Anstieg, aber der kann auch erst in einigen Monaten erfolgen.

http://www.321gold.com/editori…iarty/moriarty032408.html

Vertritt außerdem die Meinung, wie auch hier schon geäußert, dass die minen steigen werden, wenn Pog und Pos fallen.

"Gold could easily correct for another couple of months and the gold shares and especially juniors could rocket."

Vom Zeitfenster war er sehr genau, da er POG und POS Fall bestens vorausgesagt hat.
http://www.321gold.com/archive…s.php?author=Bob+Moriarty

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Das ist auch nicht schlecht.....!!

Bear Stearns fährt mit den Long Gold Positions ab.

http://www.kereport.com/Weeken.....2208-1.mp3

Ja klar, kann nicht funzen.......

Also auf diese Seite gehen:
http://www.kereport.com/

Dann Segment 6 anklicken, dann läuft´s. Intervierw mit Greg McCoach

Sehr interessant auch das Interview mit Ben Whiting, dem Geologen von Orko.
Aber der arbeitet auch für Orex Minerals früher Orex Ventures. REX.V
http://www.orexgold.com/

http://finance.yahoo.com/q?s=REX.V

Interview vom 19.3.

ind jetzt in Mexico zwischen GG und Penoles.
http://www.orexgold.com/news/index.php?mod=cnt&act=cnt&id=52

CEO ist Gary Cope - President and CEO, Director

Mr. Cope became President & CEO of Orex Ventures Inc. in June of 2004, bringing an extensive background in varied business financial experience including as an investment advisor, corporate finance consultant to natural resource companies and experience as a senior officer and director of public companies. Among his credentials, Gary was the President and CEO of Eaglecrest Explorations Ltd., during which time he helped raise approximately $12 million for the San Simon project in Bolivia. Mr. Cope is also President & CEO of Orko Gold Corporation.

Weiters noch Art Freeze, Goldcorp und Orko.

Da sind Spitzenleute unterwegs.

Grüße
tschonko

Hallo silbernugget,
danke für Aktion "Licht ins Dunkel".
Schau mal in den Cabo Thread. Da müsste sich in absehbarer Zeit was tun.
Unabhängig von POS etc....

Wenn wir schon bei den Orko Ablegern sind.

Orko soll neue 43 er auch bald liefern.

Orex Minerals siehe oben.
Die sollte man sich genauer anschauen.
http://biz.yahoo.com/ccn/070621/200706210398646001.html?.v=1

Und die IPO von Blackcomb mit dem selben Team soll es auch bis spätestens Mai geben.
Das sind ehemalige GG Projekte in Chihuahua, Zacatecas und Durango.
Wenn wer den termin kennt, bitte posten.

Grüße
tschonko

Ich liebe ja diese regen Diskussionen über neue companies...
Aber wenn man nichts zu sagen hat.......

Auf Grund der beteiligten Personen sollte man sich Orex und Blackcomb merken.
Sie haben es schon einmal mit Orko gekonnt.
Das ist ja schon was......

Paramount am 27. wieder gehandelt.
http://biz.yahoo.com/ccn/080324/200803240450389001.html?.v=1

Genco:
Genco Announces Drill Results From the San Rafael Underground Mine and Construction of a Portable 800 Sample Per Day Assay Lab
Tuesday March 25, 9:00 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 25, 2008 -- Genco Resources Ltd. (Toronto:GGC.TO - News) is pleased to announce the results from the drilling of underground targets in the San Rafael area of La Guitarra silver/gold mine complex in Mexico State, Mexico. Highlights include GDH-133 with 5.3 metres grading 32.56 grams per tonne ("g/t") gold, 1,220 g/t silver and 2,848 g/t silver equivalent ("eAg") and GDH-149, 1.5 metres grading 23.80 g/t gold, 173 g/t silver, and 1,363 eAg g/t.

...........
http://biz.yahoo.com/iw/080325/0379007.html

Scorpio: viele Tabellen wie bei Genco

Scorpio Defines the "Jewel Box" Trend within the Northwest Sector of the Nuestra Senora Zone with Underground Drilling Reporting 669 g/t Ag, 10.52% Zn, 3.01% Cu, 3.73% Pb over 4.6 metres followed by 9.4 metres grading 271 g/t Ag, 9.80% Zn, 2.90% Cu, 4.08% Pb
Tuesday March 25, 8:00 am ET

VANCOUVER, March 25 /CNW/ - Scorpio Mining Corporation (TSX:SPM - News) is pleased to report additional underground drill results targeting the Northwest zone of the Nuestra Senora deposit between the 10th and 12th levels of its 100% owned Nuestra Senora project, Sinaloa State, Mexico. The most recent intersection in diamond drill hole NS8L-08-81 and others demonstrate that the high-grade "Jewel Box" zone is continuous over a vertical distance of 60 metres and is easily accessible from the main ramp which is now close to the 12th level...........................................

http://biz.yahoo.com/cnw/080325/scorpio_jewel_box.html?.v=1

Sterling mit Update: alles am Laufen......
ziemlich genaue Angaben,neugierig was dann am Ende des jahres rausschaut.
Scheint auch ziemlich teuer zu sein, was sie in der mine machen.
Schafft aber value.

Sterling Mining Company Sunshine Mine Update
Tuesday March 25, 1:24 pm ET

http://biz.yahoo.com/iw/080325/0379272.html

Wieder gute Meldung vom Panther. Muss auch erst in seinen Namen hineinwachsen.......

Great Panther Extends Strike Length of Deep Mineralization at Guanajuato Mine; Drills 10.82 Metres @ 174g/t Silver and 0.75g/t Gold and 1.42 Metres @ 1,482g/t Silver and 5.14g/t Gold
Tuesday March 25, 1:56 pm ET

http://biz.yahoo.com/iw/080325/0379290.html

Silvermex aht eine alte Mine gekauft ohne Mill......

http://biz.yahoo.com/iw/080325/0379045.html

Silvermex Resources Ltd. Acquires the La Frazada Mine, Nayarit, Mexico
Tuesday March 25, 9:18 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 25, 2008 -- Silvermex Resources Ltd. (CDNX:SMR.V - News) announces it has staked a 360 hectare concession along the South West margin of the Sierra Madre Occidental, in the historic mining district of Real del Zopilote, in the state of Nayarit. The past producing La Frazada Silver Mine is located approximately 300 km North West of Guadalajara and less than 100 km south of the Company's San Marcial project.

Preliminary reconnaissance sampling by Silvermex geologists of the La Frazada structure returned an average grade of 222.7 g/t silver. These results include channel samples across 1.5 meter sections of the vein grading up to 482.9 g/t silver and grab samples from dump material grading up to 655.7 g/t silver. Base metal grades of up to 0.77% copper, 8.2% zinc and 1.55% lead from 1.5 meter channel samples of vein material, and 0.70% copper, 5.3% zinc and 1.87% lead from grab samples of dump material have also been returned.

Was ist heut mit EXN los?

heron,
ist mir auch aufgefallen...
Aber hier sind die guten geologen gefragt, die sollen lieber in der Pampas wühlen, als homepages machen. Und Geologen haben sie sehr gute....
Zuindest bei orko haben sie es schon mal gezeigt.....
Früher bei anderen Companies.

Lucky,
es laufen immer Sachen, die man nicht weiß. Bedeutend mehr als die, die man weiß....

Der Vorgänger war sunshine, ist egal, eigene company, noch immer gelisted...
hier auf Seite 1 hab ich sie ganz unten...
Das einzig Negative in letzter Zeit sind die 7% net smelter an die Indianer.....
Und Geld werden sie wohl auch noch brauchen irgendwann..
Hab die auf icht von einem jahr gekauft, sollt erin nobrainer sein...

alte Löcher in Mexico? sollt ma da nicht lieber junge nehmen.....

Serengeti zeigt wie es geht....
Eine gute Meldung und ab geht die Post 120%

Serengeti Intersects 610 Meters Grading 0.74% Copper, 0.78 g/t Gold Including 75 Meters of 2.28% Copper, 1.92 g/t Gold at Kwanika
Wednesday March 26, 8:31 am ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR - News) is pleased to report the results of the first five holes of the winter 2008 drill program currently in progress on its 100% owned Kwanika porphyry copper-gold property, British Columbia.

"K-08-62 which intersected a very long interval of supergene-enriched copper-gold mineralization grading 1.06% Cu and 1.09 g/t Au over 383.9 meters is a truly exceptional hole" stated President and CEO David Moore. "We continue to be impressed with the grades and lateral continuity we are seeing along the open-edged, western side of the system at Kwanika. This has significant implications for the tonnage potential of this high grade zone," said Moore.
http://biz.yahoo.com/ccn/080326/200803260450669001.html?.v=1

YAHOO hat die Optik verändert bei den Musterdepots . Das macht mich fertig...........!!
Nichts mehr markieren! So ein Schaaas!

Grüße
Tschonko

Schöner Chart bei ECU, da hat sich wer gespielt.....
http://www.agoracom.com/ir/ECU/messages/773594#message

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aus smartinvestment eine interessante Stellungnahme zu Exmin:
da wurde mir einiges klar.
Was nützen Penoles und Hochschildt, wenn man nicht selbst der Betreiber ist....
Hätt ich auch schon früher draufkommen können.
Das sit für mich der haken an EXM.........

The problem with large joint venture partners like Penoles and Hochschild is they take a very long term approach to their exploration and development projects. They will never have the same urgency and aggressive exploration plans as a cash starved junior. The Penoles project is a year behind because they would not drill Craig original targets last year. They chose to drill some targets that were more accessible rather than build new roads. Hochschild is clearly not concerned with Moris generating any cash flow from Moris for their struggling partner EXMIN. It looks like most of the cash flow will be reinvested in the mine. I would venture a bet that the Yale JV at Urique produces significant results before the other JVs with the majors. These projects simply fall way down the priority list for Hochschild and Penoles. I have grown leary of any JV's with majors where the junior is not the operator.

I can tell you that we have tried to visit Moris and Hochschild is not anxious to have analysts visit this mine. I suspect that it is because Moris is clearly a "step-child" compared to their other operations. I also noted that in their presentation at the BMO conference they did not even mention Moris. I suspect that there may also be some metallurgical problems that we are not even hearing about. In speaking with Karl at PDAC, he seems pretty frustrated with Hochschild. They simply are not treating EXMIN like the 30% partner that they are. They are, at least, letting Craig direct the exploration program.

EXMIN is supporting a lot of properties. While Karl has done a very good job of finding partners, they are also paying taxes and option costs on many properties that are not being developed. Most investors think of these properties as assets. For a cash strapped junior, I look at them as liabilities until a preliminary resource is defined. While supporting all these properties and contributing to the Moris JV, little or nothing is left to drill their 100% owned properties. It is getting increasinlgy difficult to find JV partners on these district sized properties without some preliminary drilling results.

I am a long term shareholder at higher prices. But this is not one I will be adding new shares any time soon. I look for more dilution throughout 2008.

Trey

Dafür eine gute Meldung von Urique, das halte ich für ein super Projekt.
Leider Anfangsstadium.
Yale und EXM.

Yale Announces That Geophysics Confirms Depth Potential for Drill Targets at Urique North
Thursday March 27, 10:25 am ET

VANCOUVER, BC--(MARKET WIRE)--Mar 27, 2008 -- Yale Resources Ltd. (CDNX:YLL.V - News) (Frankfurt:YAB.F - News) is pleased to announce that a recently completed 13.35 km IP geophysical survey within the Cerro Colorado and San Pedro targets of the Urique Project indicates that the mineralization and alteration identified on surface may extend to depths greater than 100 metres. The Cerro Colorado and San Pedro target areas are now ready for drilling.

ADVERTISEMENT

The geophysics program included 5.4 line km within the Cerro Colorado target and 4.75 line km within the San Pedro target area. In each area, geophysical anomalies coincide with mineralized structures and veins and in many cases even the dip of the anomalies are similar with those measured on surface.

The Urique Project is 290 square kilometres in size. It is located within the prolific Sierra Madre gold belt and adjoins Goldcorp's El Sauzal gold mine to the south and Kimber Resources' Monterde Property to the north. Yale has the right to earn a 75% interest in the Urique Project from EXMIN Resources Inc. (CDNX:EXM.V - News).

Cerro Colorado:

The Cerro Colorado target consists of a 2 to 9 metre wide structurally controlled breccia more then 2.5 km in length with two sets of historic workings (El Vergel and Mina Guadalupe) that occur in river drainages located approximately 1.5 km apart.

Grades of 2.23 g/t gold and 150.0 g/t silver over 3.0 m from the El Vergel zone and 5.46 g/t gold and 36.0 g/t silver over 9.1 m from the Mina Guadalupe zone have been encountered (see news release dated February 15, 2007).

Figures showing the geophysical profiles from the Cerro Colorado target area are available on the Company's website at: http://www.yaleresources.com/s/UriqueGeophysics.asp

San Pedro:

The San Pedro target area surrounds the historic Sangre de Cristo gold-silver mine (owned by a third party) where fieldwork has identified several small mines and prospects developed on quartz veins. Assays from these showings range from 6.6 to 35.0 g/t gold and 61.0 to 401.0 g/t silver over 0.3 to 1.1 metre vein widths (see news release dated May 17, 2006). In addition three principal sets of gold-silver veins have been discovered with several of the narrow vein systems having yielded high-grade precious metals assays with highlights of 137.5 g/t gold and 133.0 g/t silver over 0.25 metres. Sampling of widespread alteration coincident with the intersections of north-south and northeast vein sets suggests that there may be potential for bulk mineable mineralization in the target area as trenching has uncovered mineralization grading 0.33 g/t gold and 7.6 g/t silver over 21.65 metres.

Dr. Craig Gibson, PhD., Certified Professional Geologist, and Executive Vice President of Exploration, for EXMIN Resources Inc. is the direct manager of all technical programs and information on the part of EXMIN and has reviewed the technical information in this news release. Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101 for the Urique Project.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.

heron,
sie diskutieren Exmin eifrig.

http://www.mexicomike.ca/php/p…ic.php?p=79500&sid=#79500

Sind ja Ähnlichkeiten zu GNG, die auch sehr starke Partner haben.
Hochschild soll halt alles in die Mine stecken, da schaffst nur value, aber nicht den dringend benötigten Cash.

Cash hab ich mir geholt und schweren herzens Formation capital verkauft.
hatte ich schon sehr lange im depot.
Hol ich mir wahrscheinlich wieder, wenn permit durch ist, oder knapp davor.

Gekauft: Arian Silver, schön am 52 Wochen low.

Von den baby bulls zu Golden Goliath mit Casey Interview

Golden Goliath Resources Ltd – March 27, 2008

Golden Goliath (GNG:TSX-V) -
Doug Casey Makes the Case for Gold Stocks Crystal Clear – Quote from Today’s Article “Hold on to your hat; you’re in for the ride of your life”.

We have been telling you about Golden Goliath and the upside that exists at their district sized Uruachic Camp in the Sierra Madre Occidental mountains of Mexico for quite some time now and many have taken advantage of this information. Golden Goliath is well positioned right now with several world class JV partners and plenty of cash in the bank to continue their aggressive drilling campaign. We don’t normally do this, but today an article came out by Doug Casey which really paints the picture of where gold - and gold stocks could be heading (and soon) about as good as anything we have read lately - - so we thought it was time to let you listen to someone else that shares our opinion of where this market could be headed (besides Jim Cramer)!

Quote from the article – “I’ll say it again: gold is not just going through the roof, it’s going to the moon” and “gold stocks are definitely going to howl, so you definitely should have a good position in them.”

Golden Goliath looks to be closing in on a potentially world class deposit in a historically prolific gold and silver mining district – so when we see where gold could be heading, that makes us especially bullish for junior’s that are poised to notch new discoveries and reset their value proposition. Golden Goliath has attracted a very well heeled and astute group of institutional investors like Sprott Asset management and key JV partners like mining major Pan American Silver, who are all standing in here and liking GNG’s chances of hitting a big strike.

The link to Doug Casey’s Interview is below. We have seen Doug speak at a number of the resource conferences over the years, and yes, he is outspoken – but he’s also been right more than just about anybody else we know, so when he says that we are looking at a bull market for gold that could lead to possibly $3,000 an ounce, well this is a guy who has been in this market for a long time and knows it inside and out. If he is even half right, gold could push over $2K per ounce, but more importantly, at the same time, dollar denominated investments could lose significant value, which could be very bad for most investors. Doug is a proponent of both physical metal and stocks. We see the leverage afforded by stocks like Golden Goliath as the opportunity to win big in a gold bull cycle, (without the exposure that large investments in physical metal can create).

Here is the link and have a great weekend. With everything that is happening right now in the macro markets from the fed running the presses overtime and bailing out everyone from over levered mortgage houses to brokerage firms combined with escalating commodity prices (a network channel ran a news story last night that suggested that gasoline could soon be over $4 a gallon), it looks like a sea change to our economy could be just around the corner.

It’s time for everyone to reassess their investment strategy and determine where we each want to be when the dust settles.

Doug Casey: The Casey Files: Gold is going to the moon> http://www.stockhouse.com/shfn/editorial.asp?edtID=39336

Grüße
Tschonko

Tom Szabo zu .......
Silvercorp hat er auch nicht vergessen
Mit FR.TO hat er wohl recht.
Die 3 Amigos spielt er schon länger, aber so ganz blick ich nicht durch, was er macht. Viele options.......
Aber immer wieder interessant.

Moving on to PM stocks. It has been a long time since I've talked about the 3 amigos--Serengeti, Exeter and Southern Arc--who are leading the hunt for the next world-class gold discovery. So long, in fact, that other contenders like Canplats (CPQ on the Vancouver exchange) have arguably passed one or more of them. Yesterday, however, Exeter and Serengeti have returned as rivals for the pole position with both companies reporting incredible results from their ongoing drill programs.

First up is Exeter with its 576 meters of 0.74 grams per tonne gold and 0.28% copper along with another hole of 740 meters, part of which graded 0.57 grams per tonne of oxide gold at surface and the remainder is 0.44 grams per tonne sulphide gold with 0.25% copper. Another hole pending assay has a 950 meter intercept, the entire length of which was mineralized. The hole wasn't drilled any deeper because the drilling rig reached its limit. These results indicate that Caspiche may very well have similar grades and vertical continuity to the giant Cerro Casale gold deposit nearby. Barrick just paid $750 million to acquire a 50% interest in Cerro Casale from Arizona Star Resources. Meanwhile, Exeter is earning a 100% interest in Caspiche subject to a 3% NSR royalty and its market cap is current around $250 million. That leaves a bit of upside considering Exeter is barely up on the news. I continue to favor this company as a still undervalued, high quality junior PM explorer considering it has 3 potential company-making projects. I own shares and also continue to buy as long as it remains near $4.

Even apparently more exciting was the news released by Serengeti. Recent drilling at its Kwanika project has returned a hole with 0.78 grams per tonne gold and 0.74% copper over 610 meters. The release of this news on the same day as Exeter might tempt us to accuse the two companies of playing a game of dueling banjos, but if that's the case, Serengeti may be ahead at the moment because the copper grade of its hole is truly marvelous. The market seems to agree as the share price is up 160% in two days. Too bad I didn't realize where the latest hole was going to be drilled because it would have been obvious that Serengeti was going to report a great hole. You see, the mineralization at Kwanika appears to dip from surface to the West and guess what angle and direction this hole was drilled? Considering I am now up on this position and there may be future opportunities to buy as the mania dies down, I am exiting for now. As great as the Serengeti hole may have appeared, I actually believe Exeter hold the better odds of ending up with a world-class gold deposit.

Meanwhile, poor Southern Arc has mostly come up empty in expanding on its initial success at the Motong Botek target. The share price has consequently drifted down even though until yesterday, it arguably had the single best drill hole among the "3 amigos". But don't count Southern Arc out of the fight just yet since one of the drills is now back on the central portion of Motong Botek where initial success was seen. In addition, the company will be releasing drill results in batches going forward as opposed to one hole at a time. The latter approach can take a terrible toll on the share price because stepout drilling is never going to result in one great drill hole after another, even if you're Aurelian. Had I been paying better attention, I should have acted on the risk to the share price that such an approach would create, but instead I held on. I should soon have a chance to re-evaluate my position as soon as the next batch of drill results are released.

Okay, enough "amigos", I'll dwell now on primary and secondary silver plays. Actually, this is going to be rather short and sweet since my research hasn't turned up many new companies that are decidedly better bets than those I've discussed before. Impact, First Majestic, Excellon, Silvercorp, Oromex, Silver Quest, Genco, Great Panther, Endeavour, etc. remain among the more prospective, although maybe not the most exciting, bets. I own most of the above.

Some others like Bear Creek, Silvercrest (despite the name, more of a gold stock based on proposed heap leaching at Santa Elena) and Aquiline appear to be on the cusp of a move to higher price levels based on development-related progress and therefore deserve some attention. A few others that may see strong resource growth this year including Silver Eagle, Orko Silver, Arian Silver, Apogee, Minera Andes and Esperanza Silver (also more of a gold stock now), but it is probably good ol' First Majestic that will grow its resource numbers by the largest amount and greatest proportion. There are a number of considerations with this group of companies that I haven't fully looked into and therefore I don't currently own any of them (other than First Majestic of course), although I may buy some in the future.

Last but not least, Mines Management remains a strong candidate for long-term accumulation at current levels. The company has received zero recognition for permitting progress to date, which includes confirmation that the mining permit for Montanore originally issued in 1993 remains in full force and effect, subject to subsequent modifications of the mine plan (if anything, the proposed project has since been downsized and its environmental impact reduced). I currently own only a smattering of shares but will start to think about purchasing more as progress is made in permitting and feasibility studies.

Hallo Silbernugget,
hab deinen Beitrag zu Blackcomb erst jetzt gesehen, da ungefähr zeitgleich gepostet.
Danke und bitte mitteilen, wenn du was über die IPO erfährst.

Auf Seite 1 Orex und Oroco angefügt.

Oroco (OCO.V): Info unter
http://www.northernventuregroup.com/pdfs/newsletter.pdf

Wenn es nicht direkt anzeigt, unter current newsletter anklicken.

Grüße
Tschonko

Der neue Grandich:

http://www.grandich.com/docs/alert_03-31-08.pdf

Bis Mai versäum ich da nicht viel, dachte ich...........
Nachher ist man immer g´scheiter........

Formation Capital (FCO:TSE $ 0.55) – The Company continues to move forward towards attaining their final mine permit on their 100%-owned Idaho Cobalt Project. The cobalt project is a unique, primary cobalt deposit located in Idaho and will be capable of producing high purity cobalt metal suitable for critical applications in the super alloy sector. Such alloys are used in the moving parts of jet engine turbines, and are in strong demand. Since
my last mention in my January 09, 2008 edition, progress on the project has been made on many fronts. However, despite all-time high cobalt prices reaching over $50/lb, those positive developments have been made in very jittery markets as evidenced in their rather stagnant share price.
Progress on their cobalt project since the beginning of the year included the completion of the Biological Assessment and the receipt of their water rights permit. The completed Biological Assessment kicked-off a 135-day Consultation Period between the permitting agencies to complete the Biological Opinion. This infers the agencies have until no later than the middle
of May to complete this document, which, according to FCO Company officials, is the last major piece of the puzzle needed to complete the final Environmental Impact Statement (EIS). The Forest Service's Schedule of Proposed Action, being admittedly conservative, shows a completion date of July for the final EIS. The final EIS is typically issued with a Record of
Decision, which for all intents and purposes is the go ahead to commence construction. Management has indicated it is their goal to start construction this summer. Whether or not that becomes a reality remains to be seen, but regardless they seem to be nearing the finish line on their permitting.
On another front, the investment communities' reaction to very impressive results from their Virgin River uranium 2007 drill program released in early March give a revealing insight to the market's thinking. On news that the highest grade uranium mineralization to date was discovered on the project (33.8 feet or 10.3 meters grading 12.76%, with a maximum
grade of 52.2% encountered), FCO traded a notable 1.5 million shares, yet ended up closing down a penny on the day. This is a good example of some investors thinking it’s a good time to acquire stock on good news while others are taking money off the table under uncertain market conditions.