Beiträge von newtechxl

  • Cabo Mining

    Interessanter Wert. Wurde ganz vergessen.




    * CBE.V CBEFF.PK (CABO MINING) (I own shares)
    http://www.cabo.ca/
    http://beechinorbarton.com/audio/cabo/player.html
    jav@cabo.ca (604) 681-8899 John Versfelt, President


    36.5 mil shares fully diluted (Feb., 2005)
    @ $.82/share Cdn x .81 US/Cdn = $.66
    $24 mil MC


    Additional Comments: Cabo Completes Acquisition of Advanced Drilling Group of Companies, Thursday February 17


    Cabo just acquired Advanced Drilling's 35 drill rigs, management & experienced employees, to become Canada's 3rd largest drilling services company as measured by number of drill rigs. Cabo now owns over 100 rigs, and employs 225 people. The cost to acquire this latest drilling company was $3 million Cdn, and included 1.8 million shares at $.90/share!


    Recently, at the mining shows, I've heard it's getting hard to find drillers. That's very understandable given how much cash all the companies have raised to go out and drill. There are many bottlenecks standing in the way of increased production. Limited competent geologists, engineers, builders, mining equipment, exploration teams, and drill rigs. Cabo is now in a very good position.


    Drilling Services are in extremely high demand, and Cabo can charge up to 25% more this year than last year.


    Cabo's drilling acquisitions are profitable, and providing cash flow.


    I wrote an article on Cabo on February 10th, 2004. Market Perspective & Cabo Mining - Hommel


    In the article, I highlight what I feel is Cabo's most imporant asset: Their property in Cobalt, Ontario. The "silver capital of Canada" produced historically, over 500 million ounces of silver.


    To learn more about the mining camp town of Cobalt, there is a fascinating article detailing the history of the silver camp at http://www.cobalt.ca/cobalt/history.htm

  • RNC - Gold

    RNC aims for 4 Central America gold mines
    By: Dorothy Kosich
    Posted: '23-MAR-05 05:00' GMT © Mineweb 1997-2004



    RENO--(Mineweb.com) A new gold mine in Panama is on the horizon for Toronto-based junior miner RNC Gold, which already has two producing gold mines in Nicaragua, and is in negotiations to acquire a fourth gold mine in Honduras.


    In a presentation Tuesday to the Equicom Investor Relations Forum. RNC CFO Thomas Lough declared that the company's will have a combined 240,000 ounces of annual gold production as current projects evolve.


    For 2005, RNC has budgeted production of 100,000 ounces of gold at a cash operating cost of $285/oz. In 2004, the company produced 80,662 ounces of gold at a cash cost of $313/oz. Lough also announced that the company was eliminating its 14,000-ounce hedgebook by the end of next month including buying back half of the book.


    RNC Gold currently owns 100% of the Hemco/Bonanza underground mine and concessions, which produces 30,000 ounces annually and 100% of the La Libertad gold mine, a 70,000 ounce annual producer. Bonanza offers a land position of 205,000 hectares, the majority of which is unexplored. La Libertad reported an operating cash cost of $280/oz and is expected to have a 10-year mine life. Both mines are in Nicaragua. In its presentations, RNC has asserted that Nicaragua offers a long mining tradition, three successive free and democratic elections, a new Mining Law, a stable workforce, inflation which is under control, and no restrictions on capital.


    The company has already began work on construction of the $14 million Cerro Quema mine in Panama, which is expected to have seven-year mine life and to produce 48,000 to 50,000 ounces of gold annually at a $200/oz cash cost. Lough said commercial production is expected to commence during the third quarter of 2006.


    RNC is currently negotiating with Banco Atlantida, Honduras's largest bank, to acquire the remaining 75% of the San Andreas mine, according to Lough. A former Kennecott operation which was restarted in 2000, the San Andreas mine is a 75,000-ounce annual gold producer at a cash cost of $250/oz, he added. RNC managers are already operating the mine and the company owns a 25% interest. RNC Gold hopes to finalize the negotiations this year, Lough said.


    During this year, Lough said, RNC intends to implement a drilling program to increase reserves and resources at La Libertad and Bonanza. As of December 31, 2004, Lough said the company reported 900,000 ounces of proven and probable reserves, and 2.2 million ounces of measured and indicated resources.


    RNC is also bullish about its Picachos exploration property, located in a silver camp in the Durango State of Mexico.


    For 2004 RNC reported a net loss of $2.1 million or (8-cents) per share, compared to a loss of $13.6 million or ($1.32) per share in 2993. During the fourth quarter of 2004, RNC reported a net loss of $1.9 million or (7-cents per share) compared to a loss of $8.3 million or (68-cents) per share for the same quarter of 2003.


    The net loss of $1.875 million during the fourth quarter of 2004 was attributed to a non-hedge derivative loss of $1.2 million, $680,000 in interest expense related to a debt to CORNAP, a Nicaraguan government agency, and stock-based compensation expense of $382,000/ RNC also capitalized $500,000 related to a 20% acquisition of Hemco.

  • Abcourt Mines Inc./ ABI (CVE)

    Hi folks,
    As noted in the March 14th press re;ease, Abcourt Mines Inc. has
    engaged
    Northern Securities Inc as agent to raise on a best effort basis,
    $1,322,500.


    Prior to the March 14th agreement, Northern Securities conducted an
    analysis of
    Abcourt Mines and concluded that Abcourt was currently extremely
    inexpensive
    compared to its peer group. Northern Securities, in its study, compared
    Abcourt
    Mines with Yukon Zinc, Breakwater Resources, PGM Ventures, Minco Mining
    and
    Metals, Canadian Zinc, Eagle Plains and Tri Origin Exploration. In
    every
    category of comparison, Abcourt Mines was by far the most undervalued
    mining
    stock. Therefore, fundamentally things appear very bullish.


    Here is a technical analysis of Abcourt which also appears to be very
    bullish.
    http://www.stockta.com/cgi-bin…um1=1&cobrand=&mode=stock

  • Tumi Resources Ltd. WKN 251 738 CA8996941032 TM

    Eine Analyse von smartinvestment.ca


    Research Report on Tumi Resources


    Many junior resource exploration companies in Mexico have followed a similar path in the last couple years. They are taking advantage of the result of the long-term severe bear market in precious metals since the early 1980s. Mexico is a country rich in deposits of gold and silver, with a history of mining activity going back over 500 years. Until recently, the mining laws in Mexico prevented foreign mining companies from owning a majority stake in resource projects within that country. When the commodity prices for gold and silver sharply declined, many Mexican companies could no longer operate profitably and were shut down. Many of the producing properties were owned by undercapitalized local entrepreneurs, operating inefficiently. Exploration activity almost came to a halt. Those companies that remained active worked only the highest-grade zones of their deposits.


    With the return of the bull market in precious metals prospective junior companies were once again able to go to the markets for financing, and there are now many junior companies with capital resources looking for projects. So we have come full circle and there are a great many of the high quality properties in Mexico that are available for attractive prices. New junior explorers have been able to snap up properties, in most cases with limited past production, and very little modern exploration work completed. The best places to find new gold and silver deposits are adjacent to known past producing properties. The challenge for these new junior companies is to employ modern exploration techniques such as geochemical, geophysical, and induced polarization surveying to map out the vein extensions that may host additional high grade resources, test the limits and grades of these deposits through reverse circulation and diamond drilling programs, and then to bring these deposits into production as quickly as possible to take advantage of the window of higher precious metals pricing while the new bull market remains in effect.


    As of the completion of this report, I do not own shares of Tumi Resources.


    Overview
    Tumi Resources is a junior exploration company focused on the discovery and development of silver deposits. Originally incorporated as Planex Ventures Ltd. in January 2000, the company changed its name to Tumi Resources with the acquisition of interests in mineral concessions in Peru. Subsequently Tumi was able to secure the rights to Mexican properties, and the in February 2003 the Peruvian interests were farmed out to a sister company, Tinka Resources (Tumi retains a 30% interest in the property), while Tumi focused 100% on the Mexican area of operations.


    Listings: Vancouver TSX-V- (V.TM)


    Frankfurt - (TUY)


    OTC – (TUMIF)


    Website: http://www.tumiresources.com


    Head Office: Vancouver, British Columbia


    Telephone: (604) 685-9316


    Share Price (7/5/04): $1.10 (Canadian)


    Share Structure: Issued: 15,600,000


    Fully Diluted: 23,900,000


    Market Capitalization: $17.1 Million


    With a background of over 30 years of experience in mineral exploration through various stages of development, Mr. David Henstridge (President, CEO, and Director) has led the management team in the acquisition of the property base, and ongoing exploration activity. Director Nick DeMare brings a background of venture financing experience to assist Tumi with securing capital through equity offerings. The management team was recently strengthened with the addition of Mr. Gil Leathley, appointed to the Company’s advisory board on April 5, 2004. Mr. Leathley has directed the start up and development of 6 new mines in North America, and will be of assistance as Tumi works to bring their properties into production.


    As of December 2003 the company had $3.2 million in the treasury, and no long-term debt. As outstanding warrants and options are exercised additional capital will become available to fund ongoing exploration activity.


    Properties


    Tumi Resources has currently focused their efforts on two property districts in Mexico. An option to earn a 100% interest in the Cinco Minas property was announced in July 2002. This property hosted the El Abra mining operation, which produced an estimated 97,000 ounces of gold and 15 million ounces of silver at the early part of the last century, coming to a halt with the Mexican revolution in 1920 and never returning to operational status. Tumi controls an area of 1,428 acres surrounding the past producing mine site, and encompassing an epithermal silver-gold vein system that has been traced over a 4.8 kilometer length on the property. A thorough channel sampling program tested the ore quality within the rehabilitated historic mine workings at El Abra, and confirmed high-grade gold and silver values. This was used as the basis for follow-up drilling programs, which returned assay results ranging to 21.8m of 248 g/t silver and 1.6 g/t gold, and 18.1 m 845 g/t silver and 3.2 g/t gold. These bonanza quality ore grades validate the company’s approach to apply modern exploration methods to find new zones of mineralization on past producing mine projects. Metallurgical testing of sample material has confirmed that high recovery rates can be achieved through conventional milling and refining methods. Subsequent to this exploration work the company staked an additional extension to the property covering 3225 acres bringing the total area controlled by Tumi to 4653 acres. A further large parcel of almost 27,000 acres to the northwest was also acquired, the Jamaica and San Jorge properties, for their proximity to other promising mineral showings. A scooping study is currently underway to investigate the economics of various development strategies for the Cinco Minas property, to be followed by a full feasibility study.


    The Gran Cabrera property is also the site of historical mining activity, with at least 15 separate projects identified across 3 significant silver-gold epithermal systems occurring within the 9760-acre property. Rights to an additional 722 acres were acquired through staking and purchase agreements in March 2004. Sampling work completed in mine workings on the property have identified ore grades up to .55 g/t gold and 398 g/t silver, while mining records for one of the past producing mines revealed approximately 100,000 tons were excavated with average grades of 1.5 g/t gold and 500 g/t silver. The property is scheduled for ongoing mapping and sampling work in search of new zones of mineralization.


    Outlook


    So far 2004 has been a difficult year for precious metals investors. What was originally regarded as a “healthy correction” at the start of the year, the decline in values for precious metals companies, especially the junior explorers, has now gone on for altogether too long for many investors in the sector. There are nervous prognostications that the bull run has come to an end. Much of this sentiment is as a result of weak technicals for both the stocks and the metals, and much can be attributed to the common assumption that precious metals bull markets typically run for a duration of 3 years, and hence the current incarnation is viewed by many to be mature. The opposing scenario to all of this is summarized by the oft-used analogy of the Chinese characters for “risk” and “opportunity” combined to create the expression “crisis”. While there does appear to be a higher level of risk associated with precious metals junior in the spring of 2004 than in the fall of 2003, this is very much offset by the reduced valuations these companies can now be acquired for. The fundamentals that were the driving forces behind the resumption of upward pricing for precious metals in 2002 remain in effect in 2004, and hence it may be premature to write-off the bull market. If one believes the precious metals sector will eventually respond to these exceptionally bullish fundamentals, then the correct approach is to be aggressively buying the high quality juniors that are currently available for substantial discounts on the markets.


    Tumi completed a private placement financing in December of 2003, and those shares became free trading in April 2004. As some of this cheap paper was hitting the market, the price of gold and silver were both sharply correcting, driving many investors to the sidelines and creating a sharp drop in the share price on low volume. It cannot be accurately speculated on how long this corrective atmosphere may prevail, and Tumi will continue to trade in sympathy with the rest of the sector. Thus it is very possible that the current range of trading in the shares may be depressed further before upside momentum is re-established. It is worth noting is that once the overhang of cheaply issued paper is absorbed there are no further significant options or warrants set to expire for the remainder of 2004 with the exception of a small allotment of about 500,000 shares at the end of May. Also the company is very well financed as a result of the successful financing and can proceed with ongoing exploration and development activity without concern for immediate funding considerations.


    On the basis of current data the Cinco Minas property is estimated to contain 177,000 ounces of gold and over 17 million ounces of silver resource, or about 439,000 ounces gold equivalent resource calculated on a 65-1 differential. The market has valued late stage junior explorers on a multiple of $50-60 US per contained resource ounce of gold. This would imply market cap of about $22-26 million US. With a current value in the neighborhood of $13 million US, the market cap for Tumi Resources can be seen as significantly undervalued at current prices and when one takes into account the cash in the treasury, and the probability that additional high grade deposits will be discovered as they continue exploration, the share price could very well double or triple from current levels before the end of 2004.


    While Tumi remains exposed to the typical risks of other junior explorers regarding the uncertainty that any project will be carried to full production status, perhaps the greatest risk at this point is in concern over the commodity pricing strength of precious metals going forward. No matter how successful any exploration or development project may be at this juncture, it appears that investors are reluctant to assume more risk in the sector until the precious metals markets have confirmed that the prices are headed higher. While the fundamentals remain overwhelmingly bullish in favor that gold and silver will indeed be driven much higher in the months and years ahead, it should be very clearly understood that there are no guarantees. If precious metals markets continue headed lower, or at worst remain flat from the current levels, there is a very legitimate risk that all the junior explorers will continue to correct to lower levels, and perhaps will stay depressed for several years. Investors must be prepared to face the downside risk that while the company appears to be value priced and well positioned for success in the future, it is very possible that disappointments in the entire sector will prevent upside appreciation in the share price for an extended period.


    Considering the likelihood that Tumi will be able to bring at least one of their projects into production within a two year time frame, and with the cash resources in the treasury to limit the impact of unfavorable market conditions, very much of the risk exposure from the junior exploration sector is nullified by owning this company, yet investors retain full leverage to the upside potential that would result from successful development. Hence Tumi Resources represents an excellent opportunity for risk tolerant investors that are prepared to hold through an extended downturn if this should occur. If the precious metals sector does emerge quickly from the corrective conditions during the first part of 2004, then the low valuation for the company could be expected to increase 2-300% within a relatively short time frame.

  • Pacific Bay Minerals

    Pacific Bay Closes $631,440 Financing

    Vancouver, British Columbia, March 9, 2005 - Mr. Guilford H. Brett, President, Consolidated Pacific Bay Minerals Ltd. (TSX Venture: CBP, the "Company") reports that the Company has closed a $631,440 financing with Wolverton Securities Ltd. by way of a Short Form Offering document as announced December 23, 2004. The Company has issued 5,262,000 units at $0.12 per unit with each unit consisting of one Common share and one non-transferable share purchase Warrant that will allow the holder to purchase an additional Common share at a price of $0.15 for a period of two years from the date of closing, March 8, 2007. 815,000 of the units are restricted from trading until July 9, 2005. In conjunction with the offering, a total of 789,300 Agents Options were issued, each Option is exercisable for two years (March 8, 2007) and entitles the holder to acquire a unit consisting of one Common share and one non-transferable share purchase Warrant that will allow the holder to purchase an additional Common share at a price of $0.15 for a period of two years (March 8, 2007). The proceeds will be used to pay the costs of the offering, exploration of the Company's Regalo project in Argentina and for general working capital.


    The Company also wishes to announce that it has granted Incentive Stock Options on 300,000 shares of the Company's capital stock, 200,000 at a price of $0.12 per share and 100,000 at a price of $0.15 per share, all exercisable up to two (2) years. Neither exercise price is lower than the last closing price of the Company's shares prior to this announcement less the applicable discount. The options are granted pursuant to the Company's Stock Option Plan and will be subject to applicable regulatory hold periods.

  • Cream Minerals Ltd. / CMA (TSXV)

    Wer ist noch in Cream investiert oder wer kennt sich mit dem Laden aus ? Wie sollte man die aktuelle Lage einschätzen. Ist ja sehr ruhig geworden. Werde wohl mal bei Lang anrufen, um mehr Infos zu bekommen.
    Cream könnte ja auch mal etwas für ihre IR machen, ist ja recht schwach .


    Newtechxl

  • Cream Minerals Ltd. / CMA (TSXV)

    March 3, 2005 OTC Bulletin Board Symbol: CRMXF
    TSX Venture Exchange Symbol: CMA
    U.S. 20-F Registration: 000-29870
    CREAM MINERALS ANNOUNCES 2,000,000 UNIT PRIVATE PLACEMENT
    Private Placement Financing
    Cream Minerals Ltd. (CMA-TSX-V) (“Cream”) is pleased to announce that, subject to regulatory approval, it
    will carry out a non-brokered private placement of up to 2,000,000 units (the “Units”) at a price of $0.35 per
    Unit, for gross proceeds of up to $700,000. Each Unit is comprised of one common share in the capital of
    Cream and one non-transferable share purchase warrant. Each share purchase warrant will entitle the holder
    to purchase one additional common share of Cream for a period of 12 months from closing, at an exercise
    price of $0.45 per share.
    In consideration for introducing Cream to purchasers for the non-brokered financing, Cream may issue
    finder’s fees in Units (“Finder Units”) equal to 5% of the total number of Units purchased by found
    purchasers. The Finder Units will have the same terms and conditions as the Units.
    All shares, warrants and any shares issued upon exercise of the warrants with respect to the above private
    placements are subject to a hold period and may not be traded for four months from the date of issuance.
    Proceeds from the non-brokered private placement will be used to fund Cream’s work programs in Mexico,
    Sierra Leone, and for general working capital.
    Fenix Property, Mexico
    Cream is pleased to report that diamond drilling on its Fenix property, Mexico, commenced March 2, 2005
    (see news release dated February 24, 2005). Mr. Ferdinand Holcapek, P.Eng. is Cream’s “Qualified Person”
    in Mexico for the purpose of National Instrument 43-101
    Diamond Exploration Licences, Sierra Leone
    Further to its news release of March 1, 2005, Cream announces that the agreement it entered into with
    Casierra Diamond Fund Inc. and its affiliate company, Casierra Diamond Corporation (collectively the
    “Optionor”) to earn an interest in production from two exclusive prospecting licence areas for diamonds and
    other minerals and metals in Sierra Leone, West Africa, was approved by Cream’s board of directors with
    Sargent H. Berner, Ronald M. Lang and Arthur G. Troup (who collectively hold less than 0.017% of the seed
    shares of the Optionor) and Frank A. Lang (who holds approximately 33% of the seed shares of the
    Optionor) abstaining due to their non-arms length relationship with the Optionor. Mr. Benjamin Ainsworth
    P.Eng. is Cream’s “Qualified Person” in Sierra Leone for the purpose of National Instrument 43-101.
    For more information about Cream Minerals Ltd. and its mineral property interests, please see our website at
    http://www.creamminerals.com.
    Frank A. Lang, BA, MA, P. Eng.

  • Tumi Resources Ltd. WKN 251 738 CA8996941032 TM

    * TM.V TUMIF.OB (TUMI RESOURCES) (TUY Frankfurt Exchange) (I own shares)
    http://www.tumiresources.com
    nicolaas@attglobal.net Nick Nicolaas IR (604) 657 4058
    24 mil shares fully diluted (Mar. 1, 2004)
    @ $.61/share Cdn x .81 US/Cdn = $.49 US
    $12 mil MC
    43-101 compliant update: Cinco Minas: 14.3 mil oz. silver, 100,000 oz. gold indicated and inferred,
    Tumi owns 60% interest in Cinco Minas .6 x 15 = 9 mil oz.
    But there is further exploration potential at Cinco Minas. The 43-101 report only considers 120 meters of 790 meters, and it's open at depth.
    Debt free, 2 projects in Mexico.
    Raised $2.7 million Nov. 14, 2003
    $12 mil MC / 9 mil oz. = $1.32/oz. ***I'm using this number***
    $12 mil MC / 50 mil oz. = $.24/oz. (exploration potential)
    You get "approx" 5.44 ounces in the ground for 1 oz. silver's worth of stock.
    Exploration Potential: 30 (likely plus more after bonanza silver discovery late November, 2003.)


    Additional comments:


    Tumi Resources Limited - Updated Gold/Silver Resource Estimate at the Historic El Abra Mine Area, Cinco Minas, Mexico, Achieves Major Milestone


    Tumi soared in late November, 2003, after the company announced a bonanza grade silver discovery after drilling.


    Tumi is focused on becoming a "premiere junior silver explorer." It's good to see the focus is in the right metal. Doing active drilling to prove up their projects and increase resources. Nick Nicolaas really understands the silver story, beliving silver has much greater appreciation potential than gold.


    I own shares of TM.V.

  • Abcourt Mines Inc./ ABI (CVE)

    PRESS RELEASE
    Sale option on the Elder and Tagami properties
    Mont-St-Hilaire, Quebec, Canada, March 16, 2005
    Abcourt Mines Inc. announces that the sale option on the Elder and Tagami properties that was given to Tom Exploration Inc. on September 17, 2004, has been extended to May 30, 2005 to give Tom enough time to complete its financing.
    For this extension, Abcourt will receive TWO HUNDRED THOUSAND (200,000) common shares from the capital-stock of Tom, fully paid and free to trade save for a four-month withholding period ending on July 16, 2005