Beiträge von Tschonko

Hallo Eldo,
von denen in deinem link angezeigten ist aber nur noch Residential frei....
Der rest ist schon verkauft.
Aber das passt doch eh.......

[Blockierte Grafik: http://www.timberline.co.uk/images/category/resized/cat_0634_07.jpg]

heron.
silverstone absolut deiner Meinung.

Sterling: ich glaub, die haben das einfach vergessen in dem Rummel.
So Bankabzug, machen die das in Idaho?
Minco und sterling, da geht es rund mit den kursen......im Verhältnis mein ich.

Die EXN.TO ist echt erstaunlich.
[Blockierte Grafik: http://ichart.finance.yahoo.com/w?s=EXN.TO]

http://ichart.finance.yahoo.com/w?s=EXN.TO
[Blockierte Grafik: http://www.goldseiten-forum.de…Temp/moz-screenshot-1.jpg]

Peter Spina u.a. zu Timberline:
http://news.goldseek.com/PeterSpina/1219206203.php

Timberline Resources Corp.
Mining Services & Exploration
AMEX: TLRTimberline Resources Corp.’s business model is rather unique and is the reason I continue to favor it over many other investment choices. As Timberline eloquently states, it has taken the complementary businesses of mining services and mineral exploration and combined them into a unique, forward-thinking investment vehicle that provides investors exposure to both the “picks and shovels” and “blue sky” aspects of the mining industry.

Timberline currently is comprised of two contract drilling divisions, Kettle Drilling focusing on the Western U.S. and World Wide Exploration providing core drilling services in Mexico. Revenue growth from both drilling subsidiaries has been very strong. The most recent quarter shows revenues nearly topping $10 million which is about double the revenues from the same period in 2007. Strong growth has come from the increase in the number of drill rigs. Gross profit from both divisions for the latest quarter was just above $2 million.

During the past quarter, Timberline has implemented a management transition at Kettle. As part of this transition, Timberline has a new and more focused corporate culture placing greater emphasis from rapid growth to profitability. Also I would like to bring attention to the hiring of Mr. Montgomery as General Manager of all of drilling operations. Mr. Montgomery was most recently manager of drilling services at Newmont Mining.

Timberline is looking to further enhance its business growth with the acquisition of SMD, one of the largest underground mine development and production contractors in the United States. The combination is going to accelerate the development of its business model with post-acquisition Timberline looking to bring in large cash flow while its exploration division continues to build shareholder value.
Demand for skilled mining services continues to significantly increase as the precious metals and commodity bull markets strain limited resources. From drilling needs to assaying to mine development, the mining industry is facing backlogs and shortages. Timberline is positioning itself as a significant player in this field.
Essentially, one of the largest underground mining contractors in the United States – Small Mine Development – is being taken public through Timberline, enhancing their already high-growth business model. The new Timberline is being strategically assembled to provide for a vertically integrated resource company. What this means is that soon you will have a company that has in-house capabilities to explore, permit, drill, develop and mine!
Post-merger, Timberline looks to generate around $130-140 million in 2009 revenues which should provide an EBITDA of around $35M. With these high growth rates using an EBITDA expansion multiple of ten would give my estimated valuation for TLR upwards of $6-7 for 2009 (these assumptions are based upon the successful acquisition of SMD along with reasonable financing terms). The price projection is without giving any value to Timberline’s exploration portfolio!
Please note that revenue, ebitda and price targets are my personal projections.
I also believe that the vertically integrated business model along with their very high growth rates will provide additional market premiums. Therefore I believe that Timberline should be more properly valued around $5-6 post-merger in 2008 and around $7-8 or more for 2009, under current circumstances.
I also expect that the history of the company to build shareholder value from M&A will continue to accelerate current projections, especially with strong cash flow and share capital. The further conglomeration of other mining services, as well as exploration projects/companies provide even further upside potential for investors.
There are even more positive considerations to contemplate with Timberline, and that will be the scope of investors who will find the post-merger company as a possible investment. I believe the appeal of Timberline will not be limited to both retail and current mining funds, but Timberline will be among the first group of investment choices to be selected by external and new funds that will be entering into gold, silver and commodities. From large institutional types to retail investors, I can foresee that Timberline will see very strong investor interest and the resulting consequence of a well managed share structure should be a very strong share price.
To structure a business model in which investors have exposure to “blue sky” potential from mineral exploration, yet greatly reduce the investment risk, uniquely places Timberline Resources Corp. as one of the best risk/reward investments in this marketplace. This is one of my favorite business models and my largest investment holding which I have been recently adding to during this pullback.

 [Blockierte Grafik: http://news.goldseek.com/PeterSpina/1219206203.php]

heron,
kein schlechter deal. Kommt halt drauf an, wie sie das Ganze behandeln.

Aus der Konferenz (VIT) wird auch ersichtlich, dass Drilling billiger wird.
Das könnte ein grund sein.
CBE Zahlen kommen Ende August. Die können fast gar nicht schlecht sein.
Es ist dasselbe wie bei SEG, die kennt keiner.....

• Cost of Drilling Has Decreased by Approximately 1/3rd Over the Past Few Months

Mainly do to a lack of funding availability. Many juniors simply are unable to raise sufficient cash to fund projects.

This results in an excess of drilling rigs and drilling crews. They are now willing to provide their services at much more attractive rates. Makes it easier to find experienced crews.

Since Victoria has over $8 million in cash, funding is not a problem at the present time. The last private placement for VIT was substantially over subscribed,
and I continue to expect that Victoria will not have any problems in raising additional cash as needed.

Because drilling costs are down, Victoria will be able to do more drilling at a cheaper cost - the end result is that additional drilling improves the probability of finding gold resources.

timesystem,
da könntest wirklich einen tiefpunkt erwischt haben bei OK. Aber was soll es, der grund des verkaufs ändert sich ja dadurch nicht.
SL, Verlustbegrenzung oder Geldbeschaffung?

Im Nachhinein hätt ich auch lieber die EXN.V aufgestockt als die FR.TO, weil EXN geht wie die Sau zur Zeit.

Silverstone resources:
Q 2 Ergebnisse:
http://biz.yahoo.com/iw/080819/0426632.html

Aktienrückkauf:
http://biz.yahoo.com/iw/080819/0426646.html
Bei Silverstone sollte man noch beachten, dass es Schwierigkeiten bei Lundin gab. Da sollte es weniger Silber geben.
Die müssen bald einen Vertrag machen einen neuen....

Grüße
Tschonko

Victoria übernimmt wen, hätt ich mir nicht gedacht.
Bei VIT steckt übrigens Kinross massiv drin, die haben sie von bema Gold geerbt.

Das ist nun der größte Explorer in Nevada mit gut 2 mille oz nach 43-101.
9 neue Properties, eines ein JV mit Newmont, das bisherige Portfolio von VIT war ja schon extra....

Man braucht nen fetten Arsch, aber das wird was.
Drillingergebnisse bei VIT müssten auch bald mal kommen.

T.

Victoria (VIT.V) hat trading halt .......
Warum????
Da ist kürzlich ein hedge fund ausgestiegen, wollten cross trades machen. keine Käufer?????

Gestern die letzten paar Minuten waren höchst merkwürdig.
Wie geht das eigentlich mit nur ein paar Aktien die kurse so schön zurückzunehmen...

Fortuna mit Drillergebnissen. Die haben Continuum für ein Butterbrot ohne Butter eingesackt.
http://biz.yahoo.com/ccn/080819/200808190480310001.html?.v=1

CBE.V unter 52 Wochen low. Nur mehr 0,4 mit Miniumsätzen. Kann man auch als seltenes geschenk betrachten.
TLR fällt auch weiter. EGD.V scheintz sich etwas zu erholen.
kann mir wer sagen, warum die Driller so schlecht laufen? Geschäft brummt ja noch.
Oder wird da schon was vorweggenommen?

Grüße
Tschonko

Hallo milly,
1975 bin ich da unbekannterweise ganz nahe vorbeigefahren.
Aber da hab ich noch nicht mal gewusst, dass es Minen gibt.
Bei diesen minen geht´s um die Krampfadern, die dicken veins.....

Da braucht man gute Minenleute. Impact silver betreibt einige dieser Minen.....

Einige Minen aber auch andere Aktien haben schon Value/Buchwert versus MC unter 1.
Wenn man niemand hat, der es kauft, muss man unter Wert hergeben, wenn man muss.

Ausinvestiert: bin ich fast immer. Das ist gar nicht die schlechteste Übung. Man muss halt was verkaufen.
Ist aber irgendwie mühsam......

Yukon Nevada, ein kleiner darling, oft empfohlen, war im Mai noch bei 1,4C$.
Dann kam der 8.8. mit einigen Meldungen: http://finance.yahoo.com/q?s=YNG.TO

Heute der Nachschlag (siehe unten), was wiederum 55% Minus bedeutete. Nun Kurs 0,13C$.

Hammerhart (weil es ja gar nicht sooo schlecht ist, was sie entschieden haben), aber da wird noch mehr in der Art kommen.....

Yukon-Nevada Gold Corp. considers operational and financial alternatives at Jerritt Canyon, Nevada
Friday August 15, 7:55 pm ET
VANCOUVER, Aug. 15 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) today announces the consideration of various plans to maximize the short term and long term value of its investment in the Jerritt Canyon Mine, Nevada in light of current economic difficulties.
The ongoing negative cash flow situation at Jerritt Canyon required immediate action and the decision was made to suspend underground mining on August 8th, 2008 (see press release) and the mining crew has now been laid off. The Company has made efforts to ensure that most of the employees have been placed into jobs at other mining companies around the area. A considerable cost reduction plan and renegotiation of toll milling contracts are in progress. The plan also includes the possible segregation of part of the milling facility as a cash realizing transaction.
Jerritt Canyon's recently refurbished mill was in operation until this past weekend, but the malfunction of a critical part in the drying circuit caused the mill to be shut down for repairs. It will reopen as soon as possible. In the meantime Small Mine Developers, SMD, the ore subcontractors, has demobilized its equipment and personnel.
The Company is working hard to fulfill its statutory obligations to its employees, such as continuing health coverage and the payment of all suppliers. To address the liquidity problem at the Jerritt Canyon operation, the Company is now focused on refinancing to ensure obligations are met and to move forward to regain positive cash flow. There can be no assurance that the financing or cash generating alternative chosen by the Company will be available on acceptable terms, or at all. The failure to obtain this cash generation will likely have a material adverse effect on the Company's operations and financial condition.
The pre-feasibility study at the Company's Ketza River Project in the Yukon Territory is continuing on schedule.
Management has also accepted the resignation of Christopher Oxner, Chief Financial Officer effective immediately.
If you would like to receive press releases via email please contact nicole(at)yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject line.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for
"forward-looking" statements.

Hier werden die Shares für das management nicht zu ausverkaufspreisen rausgehaut.
Sondern ziemlich teuer im Vergleich zum Kurs.

Cabo to Drill 30,000 Meters on Labrador Iron Mines's Schefferville Project and Grant Employee Stock Options
Monday August 18, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2008) - Cabo Drilling Corp.'s (TSX VENTURE:CBE - News; "Cabo" or the "Company") Montreal division, Forage Cabo Inc., has been awarded a contract by Labrador Iron Mines Limited, of Toronto, Ontario, to complete 30,000 meters of reverse circulation drilling at Labrador Iron Mines' Schefferville Project located near Schefferville, Quebec.
The purpose of Labrador Iron Mines' reverse circulation drill program is to provide data for a NI 43-101 compliant resource estimate on the various Schefferville deposits, including a reserve estimate on the Project's Phase One Properties, and to assist with both short term mine planning and with longer term operational planning (see Labrador Iron Mines' news release dated July 2, 2008).
Cabo's work on the project commenced in late July 2008. The Company is utilizing two Acker reverse circulation drills on the project.
About Labrador Iron Mines Ltd.
Labrador Iron Mines Holdings Limited was established with the primary business objective of exploring for and developing direct shipping iron ore deposits in the Labrador Trough area of Newfoundland and Labrador. The Company operates its Schefferville Project through its wholly-owned subsidiary, Labrador Iron Mines Limited. Labrador Iron Mines Limited plans, subject to receipt of permits, to commence shipment of iron ore by mid-2009.
Employee Stock Options
Cabo also announces that it has, subject to regulatory acceptance, granted 587,000 incentive stock options to employees, under terms of its Stock Option Plan, granting the right to purchase up to 137,981 common shares of the Company at $0.65 per share, up to 311,006 commons shares at $0.75 per share, and up to 138,013 common shares at $0.85 per share.

About Cabo Drilling Corp. (TSX VENTURE:CBE - News)
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the Frankfurt Exchange under the symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
John A. Versfelt, Chairman, President and CEO

Gebruder Hunt,
steht doch da: " Aus einer Mail von Darrell Rader: Impact, energold und SOP.V"
Corporate Developement bei Impact (IPT.V) u. Energold (EGD.V), Director bei Source (SOP.V)

Hallo milly,
irgendwie hast ja Recht, aber du verstehst was Grundlegendes bei Minen nicht.
Warst du schon mal in einer Mine?

Die Frage nach dem Wert fand ich gut: Du meinst also, eine Mine ist viel weniger wert, als was in sie investiert wurde.......
Der Ansatz kann bei Exploration durchaus richtig sein, bei einer mine selten...

grüße
Tschonko

Gratuliere zum Silvercorp Deal. So was brauch ich jetzt auch ein paar Mal. Die 2 € waren Spitze.

Silvercorp hat gute Zahlen gebracht.
Endeavour, Genco und first majestics haben Verluste gemeldet, was mich vor allem bei FR.TO anzipft.
Aber man sieht auch die Fortschritte....
http://biz.yahoo.com/iw/080815/0425524.html

Continuum wurde von Fortuna zum Spottpreis übernommen.
Die wirklich Blöden sind die shareholder, die die PP´s mitgemacht haben und die, die noch bei 0,3 etc. gekauft haben.
Da war ich mal nich dabei, ausnahmsweise...

Aus einer Mail von Darrell Rader: Impact, energold und SOP.V.

SOP.V: hatte ich nicht gewusst, dass da Impact investiert ist, weil ihnen das San Acacio Projekt so gut gefällt ( 400 billions oz in den letzten 400 jahren)
SSTI hat da in den 90 ern gebohrt und einiges (14,5 Mille oz) aber nicht nach 43-101 erfasst.
SOP ist nicht an weiteren JV´s mit Sterling interessiert. Wollen abwarten, bis der Minco Deal durch ist.
Minco kann ja wirklich nichts anfangen mit den Mexicoprojekten von Sterling.
Also wird sich die wer krallen...

SOP: www.sourceexploration.com

Zu Energold:
"EGD is also doing very well even though its share price has fallen. We are on target to have over 100 fully booked drills by the middle of next year. All 71 of EGD’s drills are currently booked. We only build drills in response to demand. We have not seen any slowdown’s yet."

Jaa, die Driller...... denen geht´s nicht so schlecht

Darrell zu Impact, das fand ich ziemlich beruhigend. War ja auch mein Anliegen, er solle mich bitte sofort und unmissverständlich über Impact beruhigen...LOL

"As far as our operations, things are progressing quite smoothly. Operations are ramping up and we will be at full capacity (450-500tpd) by the end of 2008. We have been completing many improvements at the mill and the mines over the last couple of months. We have purchased over $2,000,000 worth of mill and underground mining equipment. We are also spending over $3,000,000 on drilling.

We are on target to produce about 1 Million silver equivalent ounces this year, rising to about 1.5-1.7 million silver equivalent ounces next year. We will have a small 43-101 resource on our of our many mines in October. While the resource will not be massive, it will give our shareholders an idea what a typical mine of ours has in silver. We should also remain profitable every quarter this year. While we will be profitable, our focus is not currently on maximizing profits. Our focus is on increasing production to full capacity. We will focus on profits next year.

As far as exploration development go, the Chivo is becoming increasingly rich and large in size. We believe that it will be a mine capable of producing good tonnage for quite a few years. Even though market conditions are bad at this time, IPT has no need to raise money. We still have over $8 Million in the bank along with positive cash flow and a healthy net income."

Ansonsten find ich es ab sofort nicht mehr lustig, ich werd jetzt auf Schimpf- und Raunzmodus umstellen.
Dieser Markt ist jetzt auf längere Zeit beschädigt uuund
...die Parameter haben sich auch endgültig geändert.

Grüße
Tschonko

PS: Ah ja, CCE.V raus (war auch als trade gedacht...), dafür FR.TO am freitag rein als Trading position.
Wahrscheinlich etwas zu früh.

Fett: Was immer das auch ist, "one time expenses". Jedenfalls Verlust, das is nicht guut!

Ausführlicher hier: http://biz.yahoo.com/e/080814/tlr10qsb.html

Wenn sich da kursmäßig nichts tut, fliegt sie raus.


Timberline Announces Third Quarter Results
Friday August 15, 5:21 pm ET
Drilling Revenues Doubled From the Same Period Last Year
COEUR D'ALENE, Idaho, Aug. 15, 2008 (PRIME NEWSWIRE) -- Timberline Resources Corporation (AMEX:TLR - News) today announced consolidated financial results for its third fiscal quarter of 2008 which ended on June 30, 2008.
Timberline's contract drilling subsidiaries, Kettle Drilling, Inc. (``Kettle'') and World Wide Exploration, S.A. de C.V. (``World Wide''), reported combined gross revenues of $9.70-million for the quarter, a 102-percent increase over the $4.80-million in revenue reported in the same period last year, and a pre-tax net loss of $1.06-million after one-time expenses incurred during the quarter.
Timberline's U.S. operations at Kettle generated revenues of $7.32-million, a gross profit of $1.27-million, and a pre-tax net loss of $1.75-million after one-time expenses incurred during the quarter. Timberline's Mexican operations at World Wide generated revenues of $2.39-million, a gross profit of $1.75-million, a pre-tax net profit of $0.68-million, and an after-tax net profit of $0.46-million. Both Kettle and World Wide specialize in underground core drilling services in support of active mining operations and advanced exploration projects.
During the second half of the quarter, Timberline implemented a management transition at Kettle, which included severance payments to prior management, resulting in a one-time charge of $1.88-million. As a part of the transition, the Company undertook a detailed inventory analysis, determining that a charge to net income of $0.54-million was appropriate to reflect the net realizable value of materials and supplies. Without the one-time severance payments and adjustment to inventory, Kettle would have reported net income before taxes of $0.67-million for the quarter, in addition to the net income before taxes of $0.68-million realized by World Wide. In addition, the Company obtained a loan to repurchase and retire the majority of the outstanding Series A Preferred shares held by the previous owners of Kettle Drilling.
Timberline CEO Randal Hardy stated, ``Following the transition, we have a new management team at Kettle which is refocusing the corporate culture with an emphasis on improving U.S. operational performance. Kettle's new President, Martin Lanphere, brings a hands-on management and banking background to the Company. Kettle's new General Manager, Reggie Montgomery, was most recently Newmont Mining's Manager of Drilling Services and is in charge of all of Timberline's drilling operations. We are pleased to welcome Martin, Reggie and several other recent hires to the Timberline team.''
Mr. Hardy continued, ``In addition to our new management team at Kettle, we are particularly satisfied with the results generated by Paul Elloway and his team at our Mexican operations and based on the contract drilling revenues reported for our first three quarters, we are confident that barring any unforeseen events, our 2008 drilling revenue will meet or exceed our target of $30-million.''
Overall, for the quarter ended June 30, 2008, Timberline reported revenue of $9.70-million compared to revenue of $4.80-million in the same period in 2007. Inclusive of the non-cash, severance and inventory charges, the net loss for the period was $2.62-million compared to a net loss of $0.92-million for the same period a year ago.
Timberline's corporate office and exploration division reported a net loss of $1.33-million for the second quarter, compared to a net loss of $0.66-million in the same period last year. The loss includes $0.49-million in non-cash charges, $0.17-million in exploration expenses, and the remainder in general and administrative expenses.
As announced in May, drilling is currently underway at the Butte Highlands property with permitting and planning ongoing for additional drilling and exploration.
Timberline recently announced the filing of its Definitive Proxy and the announcement of its Annual Meeting. The Proxy includes, among other items, the Company's proposal to acquire Small Mine Development, LLC (``SMD''), one of the largest underground mine contractors in the United States. Management believes that receipt of shareholder approval and completion of the SMD acquisition will provide Timberline with the foundation to be a significant player in the North American mining services industry and is likely to provide excellent returns to our shareholders over the long term.
Timberline Resources Corporation has taken the complementary businesses of mining services and mineral exploration and combined them into a unique, forward-thinking investment vehicle that provides investors exposure to both the ``picks and shovels'' and ``blue sky'' aspects of the mining industry.
Timberline has contract drilling subsidiaries in the western United States and Mexico and an exploration division focused on high-potential, district-scale gold projects. With its anticipated acquisition of a premier American underground mine contractor, Small Mine Development, Timberline will strengthen its position as an emerging, vertically-integrated resource company. Timberline is listed on the American Stock Exchange and trades under the symbol ``TLR''.
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words ``anticipate,'' ``believe,'' ``estimate,'' ``plan,'' ``intend'' and ``expect'' and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including the risk that the acquisition will not be completed or the anticipated benefits from the acquisition will not be realized, and the risk factors, discussed in the Company's Annual Report on Form 10-KSB for the year ended September 30, 2007. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Additional Information About The SMD Acquisition
In connection with the proposed acquisition, Timberline has filed a proxy statement with the Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE FINAL PROXY STATEMENT, BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE ACQUISITION AND THE PARTIES THERETO. Investors and security holders may obtain a free copy of the proxy statement and other documents filed by Timberline at the Securities and Exchange Commission's Web site at http://www.sec.gov. The proxy statement and such other documents may also be obtained for free from Timberline by directing such request to Timberline Resources Corporation, 101 E. Lakeside Ave., Coeur d'Alene, ID 83814, Attention: Chief Financial Officer.

Moriarty hat die Arian rechtzeitig zu den Meldungen raufgeschrieben. (200 mille oz, ich mein, so viel hat Orko noch immer nicht... )

Hab am freitag IPT.V und VIT.V nachgekauft.

Heute ist es wieder mörderisch.

Im neuen http://www.rohstoff-spiegel.de
ein Artikel über impact von kneist (gut, aber altbekannt - siehe impact thread!)

und ein sehr lesenswerter
"Explorationsaktien - Was tun?"
von Hannes Huster vom goldreport.de, den man im August gratis bestellen kann)

timesystem,
du hast PN

Ansonsten beutelt es mich vor Grauen
und fahr auf Kurzurlaub. A Premiere muss ich mir auch geben......

Grüße
Tschonko

PS.: bei CDE wird der Rebound interessant. Der wär zum Traden. hab leider ka Geld mehr.

11.08.08

Malachite Resources NL today released a major resource upgrade for the Conrad Silver Project in an announcement to the ASX which can be viewed on our website by following this link:

http://www.malachite.com.au/pd…pgrade%2011August2008.pdf

HIGHLIGHTS

• Drilling at Conrad to the end of June has more than tripled the contained silver resource to 8.8 million ounces
• After adding the recoverable base metal credits, the resource estimate increases to a contained 17.7 million ounces of silver equivalent (“AgEQ”)
• Using a cut off grade of 300g/t AgEQ the global resource includes a higher grade component that contains 2.5 million ounces of silver equivalent
• This material increase in resources exceeds early expectations and augurs well for the future of the project
• Drilling is continuing and a further upgrade to resources is expected later this year

Malachite Resources NL (ASX: MAR & MAROA) advises that resource drilling at its 100% owned Conrad Silver Project, located near Inverell in NSW, has continued very successfully, allowing a new estimate of [1] that exceeds early expectations and strongly enhances the prospect of reopening the mine. Details of the resource estimate, which is based on drilling completed up to late June, 2008, are set out in Tables 1 and 2 below, and the Appendix contains a series of diagrams illustrating the resource relationships.

Regards

liberty,
glaubst ich weiß, was der M. so immer meint....
aber das ist so eine Conclusio aus dem vorher gesagten.
Klar kommen Juniors unter die Räder. Nur wenn dann das mal durch ist, dann geht es los. siehe Homestake im Artikel.

timesystem,
mir ist das wirklich ziemlich egal.
Sollte es verschenkt werden, lass ich mir welches schenken..... heißt, ich kauf physisch....
Gut Gold auf 700. Was passiert dann? Viele minen gehen pleite, Produktionsverzögerungen etc.
Wir haben ja schon den beginn der Konsolidierung. Die wird passieren. So kriegt Kinross die ARU schon wirklich günstig.
Folge: Gold steigt
Folge: minen steigen, aber nun rasant.

Vorerst glaub ich, dass nächste Woche (eher gegen ende) mal eine Zwischenerholung angesagt ist.
War ja schon am Freitag wunderschön zu sehen bei einigen Aktien. Ask hoch, dann zum Schluss mit ein paar shares runter.
Oder bei CCE.V: zuerst Meldung, Aktie steigt. Dann gibt wer einen Deckel mit ca. 200t shares bei 0,55 drauf.
Mit ein paar shares Schluß dann bei 0,5.

Aus dem Yahoo Board ein Angestellter von Sterling Mexico:
Frage mich, ob da auch Source SOP.V betroffen ist. Ich glaub nicht. Kann das wer bestätigen?
Das ist schon ein besonderer Schweineladen!

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_S/threadview?m=te&bn=75915&tid=1014&mid=1014&tof=1&frt=1#1014

Former Sterling De Mexico emloyee http://messages.finance.yahoo.…t=1&dir=b&ri=1014&t=c#sel 8-Aug-08 12:42 pmhttp://messages.finance.yahoo.…t=1&dir=f&ri=1014&t=c#sel
I wanted to take the time to tell investors our side.
A week before Mr. DeMotte was let go, Sterling De Mexico encountered trouble with surface owners; the surface owners blocked the passage of material to the plant under Sterling management. The plant had reserves to work for a time, and Mr. DeMotte was aware of the problem and the actions that where being implemented to fix the problem. After Mr. DeMotte was let go, management tried to contact Mr. Ken Berscht about a plan of action. Mr. Ken Berscht never contacted Mexico. With the aggressive attitude of Sterling US and the lack of plant feed, management decided while it still had capital to let go of its employees according to Mexican laws.

Sterling De Mexico was contacted the first business day after Mr. DeMotte was let go, by Mr. Jim Meek. He told Sterling De Mexico to send money to Sterling US. Mr. Meek was told the money in Sterling De Mexico account was to pay an upcoming payment due on San Acasio. The most important asset that Sterling De Mexico has. Recently Sterling De Mexico and Sterling US had signed an earn-in-agreement with Source for this property. Management told Mr. Meek that as per the agreement if Source paid this payment then that would free up that money set aside by Sterling De Mexico. Mr. Meek informed management that Source had already sent that money to the US and was already used on other items. Mr. Meek also informed that he needed Sterling De Mexico's money also. That money was sent. Never was the money resent and the payment for San Acasio was not made. There was a termination of contract by the original owner for lack of payment. Now Sterling does not control San Acasio.

Mr. Ken Berscht was an original board member of Source. When Source was being formed the original deal had founding shares going to Ing. Martin Sutti. There was a check to purchase those shares. Mr. Rick Tschauder convinced Ing. Sutti to have those stocks issued in Sterling De Mexico name and then reissued to Ing. Sutti. When the stock certificates where finally issued Mr. Ken Berscht denied any knowledge of this deal and took control of all shares.

The plant that was under Sterling De Mexico management, the original contract had the profits being split between Ing. Martin Sutti and Sterling US. The profits for Ing. Sutti where to be issued in shares of Sterling. No shares where ever issued. The surface land is owned by Martin Sutti. With the aggressive actions of Sterling US, Ing. Martin Sutti sued Sterling US for breach of contract. The plant is no longer operated by Sterling. In the law suit Ing Martin Sutti is asking a judge to freeze all assets of Sterling De Mexico. This includes all mining claims in Mexico.

With the lack of communication of the new management of Sterling US. Cedar Mountains has dropped its Letter of Intent. This was going to be a major deal for Sterling that included 600,000 usd this year in payments. Also included where guarantees of exploration.

There were multiple bids to purchase Sterling De Mexico. From every company that placed there bid the same response was given. Sterling US never had the decency to even recognize the bid much less negotiate with them.

Before any of this went downhill I again stress that multiple emails where sent to Mr. Ken Berscht by management of Sterling De Mexico. None where answered. Calls were made and messages were left without an answer.

TEIL 2:

TGR: You also indicated that you wanted to be focusing on production stories.

RM: At these prices ($855 gold), if a guy doesn’t have a production story, he’s got moose pasture.

TGR: Do you have some stocks that you would feel comfortable recommending readers own through this next time period, assuming that there’s going to be a crash?

RM: I do, but I'd rather not pretend I’m guru, which I’m not. There are lots of really wonderful stories out there. If a guy is about to go into production or has just gone into production, the numbers are out there. You can do some research; there’s 50, 100 or 200 really good stories. You could pretty much throw darts.

Rick Rule is absolutely correct; the period up ahead is going to be as easy to pick stocks as it was back in 2002, 2003 and 2004.

TGR: Are there any particular resource sectors that are more intriguing at this time?

RM: I think energy is pretty much a slam-dunk, depression or no depression. We have passed peak oil; it was May of 2005. It’s not a theory; you can go look at a production and say, “Okay, show me the production for the last 20 years,” and it peaked in 2005. It went down in 2006, it went down in 2007, and it’s going down in 2008. We can look forward to higher energy prices the rest of our lives. So, for a good oilfield services company, a good junior, a good country, Petrobras (Bovespa:PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA), the Brazilian national oil company, looks very good to me. It should be a very safe investment.

TGR: What’s your view on the ETFs?

RM: My view is totally contrary to most of the people in the gold sector. I think the ETFs are the most wonderful thing in the universe. They give everybody the opportunity to buy into a position—and it’s not just silver ETFs—it’s any kind of ETF, whatever it is that you believe you can buy, you can buy here.

Here’s what’s important to understand; there are no shares behind the S&P and the Dow ETFs. They are totally fictional investments, but their purpose is to set price in the same way of commodities. You know, actually, you have to trade commodities back and forth; you don’t have to deliver commodities; you don’t have to grow commodities. They have a commodities exchange because the real purpose of the commodities exchange is to set price.

So, the gold ETF is very good. If you want to buy some gold. . .bang, you buy the ETF. Years ago we had coin stores in every town; now it’s actually very hard to buy physical gold or silver. It’s very easy for anyone to buy a gold or silver ETF. In that aspect, the ETF is wonderful.

As far as actually being able to deliver gold, I don’t think it makes any difference any more than it does the ability to deliver Dow stocks. It’s a pricing mechanism, and from that point of view it’s a very good thing.

That said, I think the real crisis financially is in derivatives. There are $596 trillion dollars in over-the-counter derivatives. That’s 10 times the world’s GDP. That’s an enormous amount of paper assets that people believe they own. I think they are going to find out they don’t really own. The paper assets are simply going to evaporate.

TGR: Are you familiar with Central Fund of Canada (CEF-AMEX)?

RM: Yes, what they do is they hold physical silver and physical gold. What I really like about them, depending on the premium, is that you get a feel for how optimistic people are. Now, since the ETFs, the premium or the discount has decreased, but when it’s selling for 10, 12 or 15% premium, it tells you people are pretty optimistic.

TGR: Aren’t ETFs taxed like a commodity so there are no capital gains?

RM: The gold ETF (GLD) is taxed as a short-term gain even if it’s held long-term. I think that’s very foolish. It’s a fictional trade. Governments always hate gold and silver because it competes with their paper money. So, they come up with these absurd tax rules, and, of course, tax structure is important when you’re doing any investment.

TGR: But I think, if I am not mistaken, Central Funds is actually taxed like a stock, so if you do hold it for 12 months, you do get the capital gains.

RM: You could be right; I mean I can neither say that you’re right or wrong. It would be a good issue to look into.

TGR: Can you give us a couple of stocks that you are personally invested in that you like?

RM: I like stocks best when they’re cheap, and a stock changes depending on its price. As of today, ATW Venture Corp. (TSX.V:ATW), which has two really fabulous gold mines in Australia, is selling for 60 cents; the stock was selling for 60 cents before they did their first deal. Arian Silver Corp. (TSX-V: AGQ), which I wrote it up, was 14.5 cents on Friday; it’s 18 cents now; 131 million shares outstanding. They should have around 200 million ounces of silver.

So, you’re buying a stock at pennies. Any of the actual producing silver or near producing silver stocks — Great Panther Resources Limited (TSX: GPR), Endeavour Silver Corp. (EDR:TSX, EJD:DBFrankfurt, EXK:AMEX), Minco Silver Corp. (TSX: MSV) — they are all really good stories.

TGR: What do you think of the royalty companies like Royal Gold, Inc. (Nasdaq: RGLD), Franco-Nevada Corporation (TSX:FNV), or Vista Gold Corp. (TSX & AMEX: VGZ)?

RM: Franco-Nevada was the best gold mining stock in the world 10 years ago, and the new Franco-Nevada is run by the same people. So, it’s probably the best royalty company you will ever see. Any time you’re buying a stock, you’re not buying a stock; the facts about the numbers and the deposits and the production costs—they’re all meaningless. What you’re really doing is you’re buying the people. And Pierre Lassonde, who is chairman at Franco, he’s brilliant.

TGR: Bob, do you have any final comments?

RM: We are going to go into or we’re in the greatest transfer of wealth in world history. Everybody has a choice right now; they can either be rich five years from now or they can be poor five years from now. It’s entirely voluntary, and it depends on the decisions they make today.

http://www.theaureport.com/cs/user/print/na/1533

Bob Moriarty, 321gold.com: Gold is Safe Haven for Looming Crash
Source: The Gold Report 08/08/2008
Bob Moriarty, founder of 321gold.com, gives us his no-holds-barred opinions on where the economy is headed, the demise of the dollar, and which mining companies are worth taking a look at. Bob travels to dozens of mining projects a year. He was one of the first analysts to write about NovaGold, Northern Dynasty, Silver Standard, Running Fox and YGC Resources among others. Bob and his wife, Barb, convinced gold/silver were at a bottom in 2001, started 321gold.com, one of the first websites devoted to teaching readers what they need to know about investing in resource stocks. Bob and Barb now operate two resource sites, 321Gold.com and 321energy.com, where up to 100,000 people a day visit. Prior to his Internet career, Bob was a Marine F-4B pilot at the age of 20 and a veteran of over 820 missions in Viet Nam. Becoming a Captain in the Marines at 22, he was one of the most highly decorated pilots in the war.

TGR: Where do you see the markets going between now and the end of the year?

RM: My opinion is that we’re headed for a major crash. I think the market will top in August and we will have a repeat of 1929. I believe in 1929 the very top was on September 5th. It declined into October and then crashed at the end of October. We are going to have a market crash between now and October. Reality is setting in; the smart money is bailing out of stocks.

TGR: Well, that‘s pretty dramatic. How do you view gold playing out in the same time period?

RM: First of all, gold is the ultimate money. It’s portable; it’s divisible; it’s rare; and it’s transferable. It’s the only asset that has no obligation whatsoever to anyone. If you pick up a $100 bill, you may think of it as an asset, but it’s actually a liability on the government. Gold has no liabilities; it is the safest of safe havens; it’s been that way for 5,000 years, and in my opinion, it’s going to be that way for the next three, five or twenty years.

TGR: Do you want to put a number on where you see gold going in October?

RM: That’s a trap that everybody falls into, and it’s a bad question. When you’re talking about the price of gold, you’re talking about two commodities—gold and the dollar.

Now, everybody thinks that gold has run up from $251, but it actually hasn’t gone up; the dollar’s gone down. So, the real question should be how much of a crash do you think there could be in the dollar. So, the real answer is there is no limit to where the price of gold can go because there’s no limit to how low the dollar can go; the United States is bankrupt.

TGR: What about base metals?

RM: Base metals are going through a correction; copper hasn’t declined that much, but lead and zinc and nickel have all gotten creamed. That’s perfectly normal. China has spent probably billions of dollars on the Olympics. I think there will be a slowdown there that will last 18 months but it’s no big deal.

TGR: So, it’s a slowdown…are you saying it’s not going to be a “crash” as in the U.S. markets?

RM: Here’s what’s interesting. China actually has been producing things they’ve been sending to us. If the United States goes into a depression, it’s still quite possible for the Chinese to consume. But you’ve got to consider that between 1830 and 1900, when the United States created all of its real wealth, there were three major depressions. Depressions are no big deal; they last 18 months and then you start all over.

TGR: So, do you have money in banks right now?

RM: The only money I keep in banks is the money I need to pay this month's bills. I wouldn’t keep a dime in a bank; the FDIC is more highly leveraged than Fannie Mae and Freddie Mac, and they’re both broke. When Washington Mutual goes under, and surely they will, it will bankrupt the FDIC.

TGR: Can you speculate what will be the next reserve currency?

RM: Gold.

TGR: So you think the world’s going to go back to the gold standard?

RM: It’s going to go back to a gold standard but not because anybody wants to, not because of any vested interest on the part of any governments. It’s going to go back to a gold standard because there’s no other choice. I was in Tanzania recently, and I walked into a bank, and I wanted to convert about $3,000 into shillings because I was going out into the field, and I needed to pay some miners. They handed about two-thirds of my money back to me, and they told me they wouldn’t exchange it because the bills were made prior to 2000. Now, that’s the first time in my life that’s ever happened to me, and it was a real shock. But when the entire banking system of the world freezes up and you can no longer get your money that is going to happen. And when people can no longer use credit cards and when people can no longer use bills, because nobody knows what the value is because it’s changing so much every day, they’re going to go to gold. They’re going to go to gold for the same reason they have for 5,000 years. It’s the only reliable alternative.

TGR: Will silver also play a role in terms of currency?

RM: When you have a gold standard, the primary metal in currency is actually silver. That’s the thing that could make silver $50 an ounce. There’s no shortage of silver. All these guys running around saying there’s some kind of shortage of silver, and they never get enough and it’s the most valuable commodity in the world —it’s all nonsense. But when we go back to the gold standard, we will need a lot more silver.

TGR: Will there be any other precious metals that will operate as a currency like gold and silver?

RM: Not operating as a currency, but remaining a store of value—the commercial need for platinum, palladium, and rhodium is still extremely high. They’re very valuable metals in a technological society, so they will go up probably more than silver and gold.

TGR: And why do you see silver as being a primary currency?

RM: Because you can trade it. If you can imagine, next week we go on a pseudo-gold standard because nobody accepts money. You go to fill your car up and you give the guy an ounce of gold. What’s he going to give you your change in?

TGR: OK, interesting. Let's talk about some of the juniors. What do you make of Kinross’ (Kinross Gold Corporation (TSX: K; NYSE: KGC) proposed acquisition of Aurelian Resources Inc. (TSX: ARU)? Do you think that’s going to be the beginning of more of these junior non-producers being picked up at these two-year low prices?

RM: Absolutely. The majors have consumed their young and recognize that they have a 10-year reserve life right now, and they don’t have anything after that. So, they have to go out and buy reserves, and that’s just a start. There are a lot of juniors that are on the ropes now. Now, Aurelian happens to be a really good company in a really good project in a bad country, but there are lots of juniors that are in trouble.

There are too many juniors. Rick Rule has done a really wonderful piece that's on your site, and ours. And he’s absolutely correct; there’s too many juniors out there, too many guys who think they can run mining companies.

TGR: Is that why you think failure is an option in the junior market?

RM: That’s a very important part; I can think of 10 or 15 companies on the verge of bankruptcy. And somebody will recognize they have very real assets, and go and snap them up cheap.

TGR: You indicated in an article that we probably hit the bottom in gold shares in late July (July 25), and the reason for that is that investors favor metal over mining shares more than any point in time the last five years, and this is the mark of the bottom. Can you explain that a bit more?

RM: Here’s the real key—all investing is psychological in nature. When people are the most optimistic, that’s a top. When they’re the most pessimistic, that’s a bottom. So, if you can ever measure pure psychology, you can pick tops and bottoms fairly accurately. When you have something as bizarre as last Friday being the very most pessimistic period in five years, it’s also probably—and I use the term probably—the best time to buy.

TGR: You say you’re projecting that the market is going to crash, so somehow I can’t reconcile this. . .

RM: Homestake declined about 21% from the crash in late October 1929 through the end of that year, but through the entire decade of the 1930s Homestake was the highest gaining stock on the New York Stock Exchange. So, it’s entirely possible the market could crash and gold stocks go up. At some point in time, people are going to recognize the precious metals stocks, not all metal stocks, are the safest place to be.

@edel, teeri,
CNQ zog stark an.
Nach diesen Zahlen http://biz.yahoo.com/iw/080807/0422873.html
ist das mehr als verwunderlich.
Die haben einen loss geschrieben, weil sie beim Hedging so viel verloren haben??

Andererseits haben sie die Absicherung nach unten bei fallendem ölpreis.
Versteh das nicht.

Die PBG sucht noch nach dem Boden

Dividenden: CNQ 0,1 C$ im Quartal
OMV: ca. 1,1 € im Jahr, Tendenz steigend.

Grüße
Tschonko

@eldo: Ölis hab ich immer a bisserl was gehabt. CNQ so ab 10/06....
Die hab eh ich hier vorgestellt.

Lesenswert! - Solchene Gfraster!

ROTHSCHILDS & SILVER
Charles Savoie - Aug 06, 2008
http://silverstrategies.com/story.aspx?local=0&id=1071

auratico,
das ist einfach ein Zock. Das projekt ist super, aber sehr schwierig mit den vielen minern.
Kenn einiges aus Erzählungen, wie es läuft in Tansania.
Da ist schon Voraussetzung, dass einige da an board kommen, damit in Dar etwas weitergeht.
Mich hat da nur die Geschichte und die Machenschaften interessiert.....
Wenn ich Spielgeld hätt´würd ich es machen.
Zur Zeit für mich: never!

Impact IPT.V:
http://biz.yahoo.com/ccn/080806/200808060478243001.html?.v=1

Excellon mit guten Drillergebnissen, die noch nicht im 43 er enthalten sind.

Excellon Continues to Drill High Grade Sulphides at Platosa
Wednesday August 6, 11:27 am ET

6.41 m grading 1,192 g/t (35 oz/T) silver, 13.7% lead; 23.8% zinc
TORONTO, ONTARIO--(Marketwire - Aug. 6, 2008 - Excellon Resources Inc. (TSX:EXN - News) announces assay results for massive, semi-massive sulphide, and sulphide breccia intercepts from 28 recent holes in the Platosa Test-mine area. Twelve of these holes have cut significant new mineralization in the South Central Guadalupe Manto that is easily accessible from existing underground development. The best of these is Hole LP542, which cut 6.41 metres (m) of massive sulphides grading 1,192 g/t (35 oz/T) silver, 13.7% lead and 23.8% zinc. Hole LP565, 15 m away, cut 5.55 m of massive sulphides grading 856 g/t (25.0 oz/T) silver, 9.8% lead, 14.8% zinc.
An additional highlight is the NE Rodilla Manto, where eight holes have now intersected significant massive and semi-massive sulphides. The best of the eight intercepts reported is in LP533, which cut three closely-spaced sulphide zones grading 803 g/t (23.4 oz/T) silver, 7.2% lead, 5.2% zinc over 2.25 m; 161 g/t (4.7 oz/T) silver, 7.1% lead, 5.2% zinc over 1.45 m, and 729 g/t (21.3 oz/T) silver, 13.1% lead, 21.8% zinc over 1.00 m.
All of the above-noted intercepts represent sulphide mineralization not included within Excellon's February 3, 2008 NI 43-101 compliant Mineral Resource. See the table and map below for detailed assay results. Visual results for 15 of these holes were reported on June 5, 2008. All reported intersections are estimated true thicknesses.
Orientation ground gravity surveys were completed in July over the test-mine and a portion of the Saltillera area. These complement induced polarization (IP) surveys completed in June. Final results for both surveys are pending.
"We are pleased that our drilling continues to outline high-grade sulphide mineralization beyond the limits of our NI 43-101 Mineral Resource estimate, especially since some of this mineralization is readily accessible through existing mining infrastructure" said Peter A. Crossgrove, Excellon's chairman. "We are looking forward to fully incorporating the gravity and IP survey results into our ongoing drilling program to expand our high-grade manto resource, while aggressively seeking the large-tonnage, intrusion-related proximal style of mineralization that we believe remains to be discovered on the Company's large property."
An additional four holes drilled within the NI 43-101 Mineral Resource limits of the Northwest Guadalupe Manto are reported here (1000 Series). These holes were drilled in the course of controlling the water inflow that temporarily interrupted mining operations in late-May and early-June, but also serve to confirm continuity of mineralization in this area.
Thirty-three additional holes, most of which are shown but not numbered on the map, drilled in the test-mine area since the June 5, 2008 press release encountered trace sulphides within the favourable host limestone unit, but did not intersect significant mineralization.
Three drills remain active in the test-mine area and a fourth continues with the regional exploration program at Saltillera, approximately five kilometres to the west. Fifteen holes have been completed in the Saltillera area in calendar 2008. Promising geology and alteration continue to be intersected and a dedicated geological team has been created to manage all aspects of exploration in this area. The IP geophysical survey was completed at Saltillera in June and although a final report has not been received, preliminary results are now being incorporated into drill targeting.
Please note: To view the Sulphide Intersections and Assay Results table, visit the following link:
http://media3.marketwire.com/docs/extab806.pdf
The Platosa exploration program is supervised by John R. Sullivan, Excellon's vice-president of exploration. Drill core samples are prepared by SGS Minerals Services (SGS) in Durango, Mexico, with silver and gold and in most cases base metals, assayed in Durango. When required, sample pulps are sent to SGS in Canada and further assaying is carried out at its ISO/IEC 17025 accredited laboratory in Toronto, Ontario.
Qualified Persons
Dr. Peter Megaw, PhD, CPG, and Mr. John Sullivan, BSc., PGeo., have acted as the Qualified Persons, as defined in National Instrument 43-101, for this disclosure and have supervised the preparation of the technical information on which this press release is based.
Dr. Megaw has a PhD in geology and more than 25 years of relevant experience focused on exploring silver and gold systems in Mexico. He is a Certified Professional Geologist (CPG 10227) by the American Institute of Professional Geologists and an Arizona Registered Geologist (ARG 21613). Dr. Megaw is not independent of Excellon as he is a shareholder.
Mr. Sullivan is an economic geologist with over 35 years of experience in the mineral industry. Most recently a senior geologist at a Toronto-based international geological and mining engineering consulting firm, he has evaluated properties and prepared National Instrument 43-101 reports on gold and base metal projects in Canada and internationally. Mr. Sullivan is not independent of Excellon as he is an officer and holds common share purchase options.
Please note: To view Map 1: Location Map, visit the following link:
http://media3.marketwire.com/docs/exmap806.pdf
Please note: To view Map 2: Mantos and Recent Drill Hole Locations, visit the following link:
http://media3.marketwire.com/docs/exmap8062.pdf
About Excellon
Excellon, a mineral resource company operating in Durango State, Mexico, is committed to building value through production, expansion and discovery. The Company is producing silver, lead and zinc from high-grade manto deposits on its Platosa Property, strategically located in the middle of the Mexican silver belt. In fiscal 2008 and 2009, Excellon's focus is on increasing its Mineral Resources through an aggressive $11-million exploration program, and expanding its operating capacity with the building of a mill at site. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system.

Tom Szabo vom 1.8. zu IPT.V:

Another one that falls into the category of "PM stocks for widows and orphans" is the recently unbeloved Impact Silver. Impact is about the only junior (or major for that matter) miner that has operated at a profit since they have gone into production. The stock is a victim of lemming behavior that apparently resulted from a famous newsletter indiscriminately dropping Impact from its recommended portfolio. Their loss is your gain. For pennies on the dollar, you can have a profitable 1+ million ounce (soon) silver producer with management so keen they can probably make money mining silver even if its price dropped to a penny per ounce. The company is cashed up but still smart enough to sell non-core assets in this market (see here). That is the kind of position most other juniors would kill to be in (are you seeing a theme developing? )

IMPACT Drills 1,118 g/t Silver Across 1.4 Meters at the Chivo Mine
Wednesday August 6, 3:03 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2008) - IMPACT Silver Corp. ("IMPACT" or "the Company") (TSX VENTURE:IPT - News) is pleased to announce that drilling on northern extensions of the Chivo Zone has intersected high grade silver at the Royal Mines of Zacualpan Silver Project in Mexico. Highlights from the new holes drilled on the northern extension of the Chivo Zone are as follows:
--------------------------------------------------------------------------
CHIVO DRILL HOLES (MAIN VEIN - NORTH EXTENSION)
--------------------------------------------------------------------------

DRILL TOP OF ESTIMATED SILVER GOLD ZINC LEAD
HOLE No. INTERCEPT (m) TRUE WIDTH (m) (g/t) (g/t) (%) (%)
--------------------------------------------------------------------------
SECTION 1140N
--------------------------------------------------------------------------
Z08-02 117.7 1.6 166 0.06 0.49 0.20
--------------------------------------------------------------------------
Z08-04 170.4 0.9 268 0.20 22.03 7.20
--------------------------------------------------------------------------
SECTION 1190N
--------------------------------------------------------------------------
Z08-07 194.2 1.4 1,118 0.59 5.45 1.50
-----------------------------------------------------------
Including: 0.7 1,745 0.91 1.57 0.36
--------------------------------------------------------------------------

These drill holes were undertaken to define the northern limits of the high grade Chivo mineralization as well as down dip extensions. The holes successfully tested the Chivo Zone a further 50 meters and 100 meters north of previously reported drilling. The mineralization begins at depth in this part of the Chivo Zone and three holes drilled at shallower levels did not intersect economic mineralization. Like the sections reported earlier, the deepest holes on these sections reported the widest and highest grade intersections, leaving the zone open for expansion to depth and to the north. The Chivo Mine achieved commercial production in early 2008 based on successful exploration over the past two years.
George Gorzynski, P. Eng., and Nigel Hulme, P. Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71 cm diameter). Half core samples were collected with a rock saw and tagged for identification. All samples were securely stored at the Company's base camp until shipment. A total of 5% assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2 mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analyzed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a profitable silver focused mining and exploration company operating in Mexico with a producing silver operation at the Royal Mines of Zacualpan, the 200-square-kilometer advanced Mamatla Silver District and a portfolio of projects with an option on a producing mill at Zacatecas.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO