Beiträge von sumoey

Sterling Mining Company (OTCBB:SRLM) today announced that Michael L. Mooney, who has served the Company since May 2005 as Corporate Secretary/Assistant Treasurer, has been appointed Corporate Treasurer of the Company, effective immediately, while he also remains Corporate Secretary.

Mr. Mooney replaces Gene Higdem who has resigned as Treasurer to take up another position at Sterling Mining on the operations side. Gene Higdem has been a key member of Sterling’s management team since 2003.

Raymond De Motte, Sterling’s President, commented, “Mike’s new role as Corporate Treasurer will call on his wealth of experience to help guide Sterling on its growth path. Smoothing the transition will be the added advantage of having Gene still here as a valuable part of the Company and available for counsel.”

Prior to joining Sterling Mining, Mr. Mooney spent more than 25 years with Hollister-Stier Laboratories LLC of Spokane, Washington (formerly Bayer Corporation), where he also served as chief financial officer for five years until 2004. Mr. Mooney holds a Bachelor of Sciences degree in Accounting from Gonzaga University of Spokane.

About Sterling Mining Company

Sterling Mining controls the Sunshine Mine, currently forecasted to begin production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the OTC Bulletin Board under the symbol “SRLM” and also on the Frankfurt Stock Exchange under the trading symbol “SMX”.

und der Markt hat ja bekanntlich immer Recht

Ich finde es gut das man sich klar auf die Sunshine Mine fokusiert,und eventuell auf kleinere Minen drum herum.
Und um ein großer Silberplayer zu werden braucht man etwas Startkapital,und Sterling halte ich ich für den kommenden Silberplayer.

NEWS:

Silver Fields Resources Inc. has signed an option agreement with Sterling Mining Company, whereby Silver Fields has the right to earn a 75-per-cent interest in Sterling's 100-per-cent-owned Esperanza silver project, located in the state of Zacatecas, Mexico. The 25-hectare Esperanza property is located 25 kilometres south of Minco PLC's Bilbao property, 24 kilometres west of Frisco's Real de Angeles open-pit mine and 26 kilometres southwest of Teck Cominco's San Nicholas project.

The Esperanza agreement calls for Silver Fields to pay to Sterling a total of $85,000, issue 400,000 shares and commit to carrying out $600,000 in exploration and development costs, all over a three-year period. All payments are in U.S. funds.

The Esperanza property is entirely surrounded by concessions held by Minera Frisco, the owner of the Real de Angeles open pit. Minera Frisco has been drilling a large area within its holding at close spacing from 800 metres to two kilometres south of Esperanza in an attempt to develop a low-grade bulk-minable silver gold deposit within silicified limestone breccias. At least three silicified breccia zones have been identified on the Esperanza property. Previous work consisted of limited sampling on the property and a small diamond drill program.

The acquisition is the first of an expansion program in Mexico, which management feels will give added depth to its current property portfolio. Richard Tschauder, Silver Field's consulting geologist in Mexico, is continuing to assess properties of merit with the emphasis on acquiring more advanced projects for development leading to production.

Ich glaube Sterling Mining kann ein wirklich großer Silberproducer werden.Dazu ist natürlich noch Kapital notwendig.Sollten die 40 Mio.Aktien (denke zu 4 USD) bewilligt werden käme man auf eine MKP. von ca. 300 Mio. USD(mit ca. 160 Mio. Cash).Was bekommt man dafür: ca. 280 Mio. Unzen Silber und jede Menge Explorationmaterial.Mir ist es jedenfalls dreimal lieber das Sterling selber produziert,als das man übernommen wird. Gleichzeitig gehe ich davon aus das Sterling Mining in 2008 ca. 2-3 Mio. Unzen produziert.Außerdem rechne ich selbstverständlich auch in 2008 mit steigenden Silberpreisen.

Jetzt die Frage: Ist das gut oder schlecht???