Beiträge von Eldorado

Bei DNI.V war gestern das 7 fache volumen und es ging hoch.
Ist da etwas in der pipeline ?
Hier ist deren webseite:

http://www.dumontnickel.com/

CBE.V hat auch einen hupfer gemacht und das volumen war gut.

Gruss
Eldo

http://www.gold-eagle.com/editorials_05/watson033105.html

WHERE THERE IS SMOKE IS FIRE !

The crooks under pressure:

Kebbles seek concourt hearing
31/03/2005 20:57 - (SA)

Johannesburg - Father and son mining magnates Brett and Roger Kebble will appeal to the Constitutional Court after the Supreme Court of Appeal struck from the roll their application on seven share price manipulation charges. The Kebbles' lawyer, Sharon Wapnick, said on Thursday her clients argued that some of the charges they faced were civil, not criminal offences.

"The primary question before the court was whether the SCA had juristiction to hear an appeal... before the commencement of the trial."

She said they would appeal to the Constitutional Court to rule on whether their civil rights would be infringed by having to endure a lengthy trial based on what may prove to be invalid charges.

Meanwhile the registrar of the SCA said in a statement that as a general rule piecemeal appeals were not permitted.

This was because it was usually in the interests of justice for a trial to run its course.

"An appeal before the end of the trial could cause delays, and among other things, turn out to have been unnecessary if the charges were eventually to fail for other reasons."

According to the SCA, six of the seven counts against which the Kebbles as well as JCI director Hendrik Buitendag wanted to appeal alleged fraud, with various alternative charges.

They face 13 charges altogether.
The seventh count was one of insider trading in contravention of the Insider Trading Act of 1998.

"All the counts in some way concern a series of share-dealings between October 1999 and January 2000, the purpose of which was to restructure the group of companies known as the JCI-Randgold Group," read the statement.

"At the time, according to the indictment, Western Areas was one of seven companies in the group and Brett Kebble was the company's chief executive officer.

"Hendrik Buitendag was a director of JCI Gold, another company in the group and Roger Kebble was executive chairman of Durban Roodepoort Deep.

"Essential to the restructuring was acquisition of all the shares in Randfontein Estates, a third company in the group."

According to the prosecution, the four decided to acquire the Randfontein shares through a scheme of arrangement in terms of the Companies Act.

"To succeed, the scheme needed a 75% 'yes' vote at a Randfontein shareholders meeting," read the SCA statement.

"The state case is that the offences charged, and certain related breaches of the Companies Act and rules of the Securities Regulation Panel established under the Companies Act, were committed by the accused, acting in concert, in an attempt to acquire the number of Randfontein shares necessary to achieve that vote.

"The fraud counts allege that the accused failed to disclose facts which they were under a duty by statute and at common law to disclose."

ROHÖLPREIS

Goldman Sachs rechnet mit 100 Dollar je Barrel

Der US-Rohölpreis ist im asiatischen Handel auf 56 Dollar gestiegen. Für Unruhe an den Märkten sorgte eine Studie der Investmentbank Goldman Sachs, laut der ein Barrel demnächst sogar mehr als 100 Dollar kosten könnte.

DPA
Öllager in Rotterdam: Angst vor dem "super spike"
Singapur - Im frühen Handel kostete ein Barrel (159 Liter) leichtes US-Rohöl der Sorte WTI im elektronischen Handel in Asien 55,66 Dollar und damit 36 Cent mehr als bei Handelsschluss am Vortag.

Am Donnerstag war die Notierung zeitweise bis auf 56,10 Dollar geklettert. Die alte Rekordmarke bei 57,60 Dollar, die erst Mitte März erreicht worden war, ist Händlern zufolge damit wieder in Reichweite gerückt.

Als Grund für den kräftigen Anstieg gelten Aussagen von Goldman Sachs . Die Experten sehen den Ölpreis getrieben von einer wachsenden Nachfrage am Beginn eines mehrjährigen Boomzyklus. Dadurch könnte die Notierung bis auf 105 Dollar je Barrel klettern, heißt es in einer Analyse.

Preisvergleich: Billiger als ein Barrel Bier

Rohöl notiert auf einem Rekordhoch. Mehr als 55 Dollar je Barrel, das klingt zwar teuer - gemessen an einem Fass Starbucks-Kaffee oder einer Blechtonne Chanel No. 5 ist die schwarze Schmiere jedoch ein echtes Schnäppchen. SPIEGEL ONLINE macht den Preisvergleich.
WEITER
In dem Papier schreiben die Analysten: "Nach unserer Ansicht befinden wir uns in der frühen Phase einer Periode die wir als 'Super-Spitze' bezeichnen - ein mehrjähriges Ölpreishoch, das zu niedrigerem Energiekonsum führen wird. Dadurch wird ein Angebotspuffer entstehen, der dann in der Folge in niedrigen Energiepreisen resultiert."

Dann muesste theoretisch Gold bei minimal 800 Dollar sein !

Entweder da ist irgend etwas verkehrt oder es ist ein super bargain.

SRLM.PK

Check it out !

XEX

GOGO Gold Fields Limited - Gold Fields Granted Interdict To Stop Strike ActionGold Fields LimitedShare code: GFLIsin: ZAE000014270GOLD FIELDS GRANTED INTERDICT TO STOP STRIKE ACTIONJohannesburg, 31 March 2005: Gold Fields Limited (GFI: JSE and NYSE) ispleased to announce that the Labour Court this afternoon granted an interdict infavour of the Company, declaring the strike embarked on by the National Union ofMineworkers (NUM) on Wednesday, 30 March 2005, to be unlawful and unprotected.This means that all employees participating in the strike at all South Africanoperations are required immediately to discontinue their strike action and toreturn to work.Gold Fields is in the process of advising the NUM and all employees of thisdevelopment and requesting employees to return to work without further delay.Production activities should resume from the night shift this evening.Gold Fields is pleased that this matter has been brought to a rapid close,thereby minimizing the losses for both the company and employees.ends

bognair

Hast recht, geh auf die beach oder auf die bitch !

Have a good one

Oba vabrenn di net, soagt ma in bayern.

Zwicki zwacki es juckt am sacki, brauch ma net.

XEX

Hi bognair,

Wundert mich das du so frueh aufstehst, hast du nun den lottozettel bzw. scheckbuch fuer die beiden blonden mietzen ausgefuellt und dabei gescored ? Wie ist die ziehung ausgefallen ?? Bist du noch in dubai ?
Oder war das alles ein Aprilscherz ? .Wie auch immer, es ist ja dein bier !

Sag mal, hast du es immer noetig hier werbung zu machen ?
Habt ihr zu wenig mitglieder die zahlen ?
Durfte heute wieder grosszuegig in euer forum schauen.
Da unterhalten sich hauptsaechlich nur moderatoren die rohstoffnamen haben und bis auf spancer unsw. der alle aufruft sie sollten doch auch was schreiben zum thema, sehe ich nicht viel action bis jetzt.
Da wird bei uns mehr geschrieben und geposted, egal ob nun wertvoll oder nicht. Hier ist mehr leben, kostenfrei noch dazu !

Na ja, ich wuensche dir jedenfalls einen schoenen tag wo immer du bist und viel glueck in euren forum, das nun jeder kennt.

Zieht dich anscheinend doch immer wieder hier her, weil es ja so witzig ist , wie du sagst.

Cheers Bognair

Gruss

Eldorado

gogh

gogh

Bis auf die unterhaltung hoffe ich das andere ist nicht auf mich bezogen.
Und wenn es so waere, dann laechle ich wie die Thais. :],und rege mich ueberhaupt nicht auf. Es koennte ja ein April scherz sein.
Mit SSRI habe ich gestern noch ein wenig moos gemacht, ich wusste da kommen good news. I lost nothing there !

Gruss

Eldo

Afcan is a China focused company which owns 85% of the TJS (Tanjianshan) Gold Mine in Qinghai Province, China.

The feasibility study was completed in March, 2005 with the following highlights:

Capital cost : US$47.7million
Production - year1 : 140,000 ounces
Production - year2 : 155,000ounces
Total production : 845,066 ounces
Processing average recovery : 90%
Mine life : 8 years
Cash operating cost : US$33/tonne
Cash operating cost : US$236/ounce
Total operating cost : US$263/ounce (including a 4.5% royalty)

Return on project:

Pre-tax NPV (5%) $US 58.9 million (pure equity basis)
IRR 29.0%
Gold price US$420/ounce (un-hedged)

Afcan has bought the SAG mill and has started detailed design of the plant.

The upside potential is in the area immediately surrounding the current orebodies. Also developing the 23 known anomalies and discovering new orebodies within its 342km2 licence area, as well as expanding its exploration efforts throughout the province.

Afcan has joint-ventured two of its West African properties, nickel in Guinea and gold in Sierra Leone.

If you like tango argentina, let me intruduce : Minera Andes

Minera Andes is a gold, silver and copper exploration company working in Argentina. The corporation is funded with working capital of about US$7.6 million and a pending credit facility of up to US$2 million for feasibility study completion and underground construction at its advanced-stage silver/gold project in Santa Cruz province. Minera Andes holds about 500,000 acres of mineral exploration land in Argentina, including the co-owned Huevos Verdes/San Jose silver/gold project now under construction and feasibility consideration for possible mine production. Minera Andes has also discovered an enriched copper zone at its Los Azules property and is acquiring other exploration targets in southern Argentina. The Corporation presently has 90,079,504 issued and outstanding shares.

Good morning everybody ! :))

Wenn ich die JSE-Gold chart anschaue sehe ich eine Erholung von den tief das wir hatten. 1660 sollte heute erreicht werden. Alle Indikatoren zeigen auf einen aufwaertstrend. Aber es ist immer noch ein cliffhanger und er kann wieder fallen.

Aber es ist ja nur eine chart !

Have a nice day, its battle day,friday, and april fool day !

cheers

Eldorado

GOLDCORP COMPLETES ACQUISITION OF BERMEJAL GOLD DEPOSIT IN MEXICO
Vancouver, BC, March 31, 2005 – Goldcorp Inc. (TSX: G; NYSE: GG), and Wheaton River Minerals Ltd. (TSX: WRM; AMEX: WHT) (together “Goldcorp”), are pleased to announce that they have completed the acquisition by their Mexican operating arm, Luismin, of the 2.4 million ounce Bermejal Gold Deposit in Mexico for cash consideration of US$70 million from Minera El Bermejal, S. de R.L. de C.V., a joint venture of Industrias Peñoles S.A. de C.V. and Newmont Mining Corporation.

The Bermejal Gold Deposit is located 2 kilometres south of Goldcorp’s Los Filos Gold Deposit, where feasibility studies are nearing completion. The acquisition increases Goldcorp’s current measured and indicated mineral resources in the Guerrero Gold Belt district to nearly 6 million ounces of gold. The immediate proximity to Goldcorp’s Los Filos Gold Deposit will allow the use of a joint processing facility for ore from both deposits and should result in the Los Filos project becoming the largest gold mining operation in Mexico, with average annual production expected to exceed 300,000 ounces. For further details of the indicated mineral resource estimate for the Bermejal Gold Deposit, please see the press release of Goldcorp dated March 22, 2005.

In February 2005, Goldcorp announced that its offer for Wheaton River was successful and this merger is expected to be finalized in April 2005. The combined company, which continues as Goldcorp under the direction of Wheaton River management, creates the world’s lowest cost million ounce gold producer, with 2005 gold production expected to exceed 1.1 million ounces of gold at a cash cost of less than US$60 per ounce. By 2007, gold production is expected to grow to over 1.5 million ounces. The combined company has a strong balance sheet with approximately US$500 million in cash and gold bullion, and no debt.

You probably already know that 20,000 mineworkers at Harmony Gold's Free State operations (in South Africa) are on strike. The National Union of Mineworkers (NUM) is threatening to expand the strike action to all of Harmony's operations, affecting as many as 50,000 workers.

A similar NUM strike at Gold Fields that caused 30,000 workers to walk out on Wednesday was called off on Thursday after a court labeled the action illegal. There are strict rules that both sides (the mines and the NUM) have to abide by in order for a strike to be legal.

South African mine production currently accounts for about fourteen percent of global gold mine output, with Harmony producing roughly one quarter of all the gold in South Africa. If the strikes at Harmony continue and impact all of Harmony's mines, global mine production of gold could be reduced by three to four percent -- temporarily, of course. Should the NUM be successful at reinitiating strikes at Gold Fields, half of South Africa's gold production could be at stake, or seven percent of the world's mine production.

These strikes are in response to proposed job cuts by Harmony, and are also an attempt to coerce the mining companies to increase wages by raising the living allowances paid to workers. Labor contracts for the gold mining industry in South Africa are negotiated primarily between the mines and the labor unions, of which the NUM is the largest. The current labor contracts expire in July this year and when the mines and the unions begin their labor negotiations, strikes are often called to put pressure on the mining companies. This year we are seeing tension between the companies and the unions before the labor negotiations even start. Or perhaps this is the start.

If labor negotiations get particularly ugly this year we could see strikes initiated at Harmony, Gold Fields and Anglogold. If the strikes continue for an extended period of time, would the resulting loss of gold production cause the gold price to rise across all currencies?

A general strike in South Africa back in 1987, when South Africa produced forty percent of the world's gold, caused the gold price to temporarily rise by almost ten percent. I find it hard to believe that a temporary loss of gold production from South Africa would have a very material impact on the gold price these days when South Africa only produces fourteen percent of the world's gold.

What's more, there is virtually no evidence that minor, short-term changes in mine production have any lasting impact on the gold price. Looking at the data from 1990 onwards I found no correlation between the difference between mine supply and fabrication demand and the gold price. See "Gold, a commodity?" at http://www.paulvaneeden.com/displayArticle.php?articleId=47 for more details.

In the unlikely event that we do see a spike in the gold price due to labor unrest in South Africa, remember, it's a spike. It's not the marker of the beginning of a long-term increase in the gold price. If the gold price rises in anticipation of a general strike in South Africa it will most likely decline rapidly soon afterwards.

Gold mining is very important to the South African economy. Both the mining companies and the labor unions understand this and as much as they'll threaten each other and poster, they will resolve their differences and life will go on.

From a practical standpoint, as investors, rather than looking at the labor situation and wondering what impact it will have on the gold price we should be looking at those companies that appear to be taking it on the chin, but that we know will not get knocked out: Harmony and Gold Fields.

If you've been waiting for a good opportunity to buy South African gold stocks I suspect you're looking at one right now. And between now and July, when labor negotiations start in earnest, you may get an even better one.

That's not to say the South African gold stocks have bottomed. But they're certainly a better investment today than they were six months ago. I'm also not advocating buying South African gold stocks. I'm not convinced that the strength in the South African rand is behind us, and the combination of currency risk with the social and political risk in South Africa makes South African gold mining stocks unattractive in my opinion. But that's just my opinion. The point is that if you're going to buy South African gold stocks then buying them during labor negotiations, when they typically get trashed in the news and whacked in the market, is a much better strategy than buying them when everyone loves them.

Paul van Eeden

Uranium Update

By Doug Casey
March 28, 2005

http://www.KitcoCasey.com Email Article


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As many readers know, I’ve been a uranium bull for some time, recommending uranium companies as far back as a 16-page report in my October 1998 International Speculator, when the metal sold for just $9.50 per pound.

Being early in a rising price trend has worked out well, giving subscribers the opportunity for some pretty spectacular gains in our recommended stocks. To name just a few: Cameco (T.CCO) up 542% since our October '98 recommendation; International Uranium Corp. (T.IUC), up 1,497% since our initial 1998 recommendation; Paladin (ASX.PDN), up 1,412% since our February 19, 2004 recommendation… and Strathmore Minerals (V.STM), up as much as 340% since our August 2004 recommendation.

However, times have changed, with the uranium story now being covered by the mainstream press and the herd of wire-house brokerage firms attempting to lay claim to special expertise by pumping out fat uranium research reports. Being a contrarian by nature, I view these developments as indicators that the easy money has been made.

Even so, there is still a lot of upside for uranium: the metal is not only going higher, it is going to the moon (I’ll touch on the reasons in a moment). In fact, as a fundamental proposition, I like uranium even more than the precious metals, which is saying a lot. In the interim, however, I believe that any slumps in uranium stocks are likely to trigger a rush to the exits for shareholders, largely because the investment masses are prone to skittishness and impatience. They really only understand uranium as a “flavor of the day” commodity. We’ve seen just such a panic over the past few weeks.

Not being a trader, my tendency is to dismiss short-term trading volatility as irrelevant. However, the extraordinary gains in uranium stocks over the last year argue for caution: a year ago, largely because there were so few companies around, you could have built a portfolio of U3O8 stocks by throwing darts at a list and you’d likely be up by triple digits.

That is no longer the case. Going forward, you’ll have to be a lot more selective in where you place your bets. Over the past six months, even the quality uranium plays have gotten ahead of themselves, and that goes ten-fold for some of the modestly radioactive garbage that has come onto the market of late. I’m nearly as likely to find uranium in my back yard as they are on their much-promoted moose pasture.

Chasing the hot stock of the day just because it has “uranium” in the name will, in most cases, only buy you a quick trip to a large loss.

PICKING WINNERS

That being said, let me go on record--again--to say that, for many reasons discussed in the International Speculator in the past, the developing bull market in resource stocks is likely to be even wilder than what we saw in the late ‘90s with the Internets. It’s likely to be one for the record books. The key is to get long the right stocks, and stay long until you see Newsweek doing a cover article on them. And I fully expect uranium issues to be among the leaders of the market.

However, as investors get increasingly more conversant on U3O8, success will depend on selecting the right stocks at the right prices, and not being afraid to lock in gains by rotating out of the big winners and into earlier-stage companies.

With this in mind, we recently put together a comprehensive report, 31 Uranium Companies Reviewed, based on the notion that stock valuations should in some way be reflective of the uranium resources controlled by a company, with credits for exploration budgets, cash in the bank, and size and location of its projects. The ultimate question is: what are a company’s odds of actually developing an economic uranium resource?
This just-published report covers a total of 31 companies for which uranium is the primary mineral target. Companies are grouped and evaluated based on their respective stages of development, from large producers down to grass-roots explorers. That’s really the only way to compare apples to apples.

For those companies that have a resource, we determined a rough “cost per pound in the ground” estimate by dividing the uranium resources by the firm’s market capitalization. The numbers strongly suggest that certain segments of the uranium market are ahead of themselves in terms of price, and that several much-touted companies are grossly overvalued.

Adding extra filters—tonnage, grade and location, for example—it becomes clear that many companies’ resources would not be economic even at $100 per pound of uranium (which, for the record, I expect to see). Others’ deposits are located in politically sensitive areas where the chances of receiving a mining permit are vanishingly small. A case in point is Australia. While it’s true that the country is a major uranium producer and is geologically prospective for more yellowcake discoveries, it would be a big mistake to overlook the fact that green politicians and activists are intertwined with all levels of government: local, state and federal. Back in the 1970s, these groups successfully argued that uranium should be avoided because of potential use in bombs and supposed problems with radioactive waste disposal. As a consequence, Australia adopted a Three Mines policy on the Federal level, stating that the country will only allow three producing uranium mines at any time. The chosen three were Ranger, Olympic Dam and Nabarlek. All other uranium development came to an abrupt halt.

Fast-forward 30 years. While the Three Mines policy has been rescinded at the national level, out of the eight states and territories, only two—South Australia and the Northern Territory—actually permit the mining of uranium, and the regulatory hurdles there are very high. There are still only three uranium mines in production in that country, and one, Honeymoon, permitted to go into production soon. While necessity and the opportunity for considerable job and tax revenue creation will, in time, likely force more liberalization of uranium mining in Australia, the long list of potential political roadblocks leads me to suspect that the current de facto policy of most states—and the outright legislative ban on uranium mining, processing, export, and sale in Queensland (Western Australia and new South Wales are said to be almost as bad)—will stand for several years, and maybe longer. And Australia is not alone in its uraniaphobia: certain U.S. states and Canadian provinces face similar issues. Companies with projects in such politically sensitive areas need to be price-adjusted for this added risk. Yet, as our analysis shows, many companies with primary assets in Australia are selling at valuations that all but ignore the political facts. Yet another sign of a market that is ahead of itself.

WHERE’S THE VALUE?

So, which companies currently provide the best value? As a reference point consider that Cameco (T.CCO), the world’s largest producer, is currently valued in the area of US$8.00 per pound in the ground (measured, indicated and inferred). Dennison Mines (T.DEN), by comparison, is selling for about US$23.00 per pound. The analysis gets far more interesting, however, when you move into the area of junior Canadian uranium companies, where we find Strathmore (V.STM) selling at US$.51 per pound, and Energy Metals (V.EMC) at US$.65.

Although these look to be a screaming “buy”, don’t jump in just yet; there are other critical factors to consider, including the reality that the worst time to jump into a stock is after it has had an extreme upward move—certainly the case with most of the widely followed uranium stocks today. While there are many companies we like that have participated in the move, and that we continue to recommend—albeit primarily on weakness—the biggest upside will come from companies that have, so far, not participated significantly in the price gains. Some of these companies may not even have any proven pounds in the ground, but the best ones have rational market capitalizations, great management teams, cash in the bank, and a portfolio of properties with the potential for large tonnage operations to be started once the uranium price rises enough to make such deposits economic.

And rise the price will. That’s because the value of uranium is inextricably tied to the price of energy in general, and electric power in particular, a market where uranium’s only serious competition comes from coal and oil, both of which are far more expensive and polluting. (So much so that a growing cadre of leading environmentalists are now advocating a switch to nuclear.) I’ve always held that nuclear power is not only the cheapest and safest source of electricity but is also, by far, the cleanest mass power source available. And it’s likely to stay that way until breakthroughs are made in fusion or, more likely, nanotechnology.

A chronic supply/demand imbalance has developed in yellowcake (U3O8)—the clearest indication of which is that the industry has been living on inventory since 1985. My instinct tells me that uranium, after decades of being the unwanted stepchild of energy sources, will now offer better percentage returns to speculators than oil, gas or any other energy alternative.

While uranium has already moved up significantly from its lows, I don’t think we’ll have to wait long to see it going much higher. Commodities associated with energy, like commodities in general, are in a secular bull market and typically, once in motion, commodity trends tend to stay in motion for a decade or more. The looming energy shortage has even become clear—belatedly, of course—to the U.S. Department of Energy, which last year announced incentives encouraging U.S. power companies to apply for licenses to build new nuclear plants (the first such move in 25 years).

Many of the 103 operational U.S. nuclear power plants, which provide 20% of the country’s energy, are so old that they are now applying for 20-year extensions on their 40-year operating licenses. This is a big change from just a few years ago, when talk was that the nuclear industry would be shut down entirely, not only here, but worldwide. I always felt such talk was nonsense, and that the world would be building many more plants, not mothballing those it has. Case in point: the Chinese alone now have plans on the board for over 35 new reactors.

CONCLUSION

With a little forethought and the good sense to see through the hype, you can position yourself in a portfolio of carefully selected, quality uranium plays and settle in for a long and very profitable ride. If you are already invested in uranium stocks, do yourself a favor and complete the research required to be sure that you are hooked up with a solid company at a price that gives you a realistic chance of participating in the long uptrend.

If you’ve got a big profit, consider rotating out of your position—at least enough to get your original investment off the table—and look to redeploy the gains into another company with better prospects. Alternatively, given the market froth we identified in our new report, it may not be a bad idea to sit on the sidelines and let things cool down a bit.

If you are not already invested in uranium, take your time… and whatever you do, don’t blindly pile into a stock that has already appreciated 300% over the past year.

But whatever you do, don’t miss out on the opportunity to (intelligently) build a portfolio of uranium stocks… the big returns are still ahead.

Press Release Source: Silver Standard Resources Inc.

Silver Standard Files and Mails 2004 Annual Report-'Best Year Yet'Thursday March 31, 4:35 pm ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 31, 2005--Silver Standard Resources Inc. (TSX:SSO - News; NASDAQ:SSRI - News) is pleased to report the mailing of its 2004 annual report with audited financial statements to shareholders and its filing with regulatory authorities in Canada and the United States. The annual report is also available to shareholders and interested investors at http://www.silverstandard.com and http://www.sedar.com.
ADVERTISEMENT


Highlights for the year ended December 31, 2004 include: working capital totalling $61.6 million including $45.7 million in cash and silver bullion valued at $13.5 million, compared to working capital of $16.9 million at year-end 2003 including cash of $16.4 million; a reduction in loss per share to $0.03 compared to a loss per share of $0.10 in 2003; no material debt; measured silver resources of 101.9 million ounces, indicated silver resources of 411.0 million ounces and inferred resources of 444.0 million ounces; measured gold resources of 270,000 ounces, indicated gold resources of 585,000 ounces and inferred gold resources of 1.39 million ounces. With 51.6 million shares issued and outstanding, the company is well-leveraged to movements in the price of precious metals.

Major project highlights include: the increase to 100% of Silver Standard's interest in the Pirquitas silver-tin-zinc property in Argentina, expansion of silver resources at the Pitarrilla silver discovery (100%-owned) in Mexico and continuation of feasibility work at the Manantial Espejo (50%-owned) silver-gold property in Argentina. Feasibility work at Manantial Espejo is expected to be completed in the second half of 2005. Updating of the feasibility study at Pirquitas that was completed in 1999 and 2000 will continue through 2005, and a program of diamond and reverse circulation drilling is underway at Pitarrilla. Further drilling and commencement of pre-feasibility work is planned for Pitarrilla in 2005.

Robert A. Quartermain, president of Silver Standard, stated that "the company has just completed its best year yet, from both financial and project development perspectives. We are well-financed and we have excellent projects with company builder potential. I am confident about further positive news, particularly at Pitarrilla, as the company moves its projects toward development in the context of more attractive fundamentals for all commodities but, in particular, silver."

Cautionary note to U.S. investors concerning disclosure of contained ounces and estimates of measured resources, indicated resources and inferred resources: Disclosure of contained silver expressed in ounces in this news release is in compliance with National Instrument 43-101, Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended from time to time by the CIM, but does not meet the requirements of Industry Guide 7 of the U.S. Securities and Exchange Commission (SEC) which will only accept the disclosure of tonnage and grade estimates for non-reserve mineralization.

The terms "measured resource", "indicated resource" and "inferred resource" used in this news release are Canadian mining terms as defined in accordance with National Instrument 43-101. We advise U.S. investors that while such terms are recognized and permitted under Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in the measured and indicated categories will ever be converted into reserves. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists, or is economically or legally mineable.

The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include those described in Silver Standard's SEC Form 20F as amended. To receive Silver Standard's news releases by e-mail, contact Paul LaFontaine, director, investor relations at invest@silverstandard.com or call (888) 338-0046.

Silver Standard Resources Inc. (TSX:SSO - News; NASDAQ:SSRI - News)

frr

I think I picked up at the right price 0.29 CAD.. for XCL.TO

TM.V kommt mir auch ausgeblutet vor.

gruss

Eldo

Zitat

Original von bognair

bin bei droopy überhaupt nicht pessimistisch!
sehe sie bald wirklich als 2x6er im Lotto = $12
egal ob die jetzt noch weiter runter gehen oder nicht.
dran- oder drin-bleiben halt!

PS: Stopp-Loss würd ich an der aktuellen blauen Unterstützungslinie ansetzen,
der "Gap" darunter bis zur Nächsten ist ziemlich gross
...und mit Bridgestone in sone Haarnadelkurve zu düsen könnt a weng gefährlich werda bremen wird meister

Alles anzeigen

I like that ! Bognair

Ich glaube alle hier im thread got the picture now about DRD,oder ?

So jetzt gehe ich schlafen, tomorrow is a new day !

8)XEX

Canadian Zinc Reports 2004 Financial Results

Canadian Zinc Corporation ("TSX-CZN") announced today that it has filed its audited financial statements for the year ended December 31, 2004 and related Management's Discussion and Analysis with Canadian security regulatory authorities. Copies of the documents are available on SEDAR at http://www.sedar.com and on the Company's website at http://www.canadianzinc.com

For the year ended December 31, 2004 Canadian Zinc reported a net loss of $679,127 ($0.01 per share) compared to a loss of $904,860 ($0.02 per share) in 2003. The lower loss in 2004 was principally the result of higher interest income earned in 2004.

The Company is in the exploration and development stage and does not generate any cash flow. Interest income in 2004 was $330,076 compared to $28,318 in 2003, the increase being attributed to higher cash balances invested throughout the full year. Administrative expenses for 2004 were $1,005,409 compared to $928,121 in 2003, the increase being attributable to increased corporate activity.

Canadian Zinc's cash position, including term deposits, at December 31, 2004 was $12,907,997, compared to $13,339,442 at December 31, 2003. The Company generated $2,444,625 during 2004 from the exercise of share purchase warrants and employee stock options. The Company is in a strong debt free financial condition and in position to carry on its planned exploration, development and permitting activities.

During 2004 the Company carried out a major program at the Prairie Creek property investing a total of $2.1 million on exploration and development. A total of 27 holes were drilled comprising 5,936 meters directed at three different targets with very encouraging results, especially downdip to the north outside the immediate mine development area. At the same time the underground workings were rehabilitated in preparation for the planned decline and underground drilling program, whilst important site maintenance and environmental work was also carried out.

Plans for 2005 include continuing the Company's exploration program at the Prairie Creek property, outside the immediate currently known resource area, and initiating the planned underground decline and development and underground drilling program. At the same time ongoing technical and metallurgical studies will be carried out to advance the project towards commercial production. The Company will also continue with its permitting activities and expects during the year to file an application for the Land Use Permits and Water Licence for commercial operation for the Prairie Creek mine.

The Company is also undertaking the review of a number of other new mining investment opportunities and this activity will continue in 2005.

This press release should be read in conjunction with the Audited Financial Statements and the Notes thereto, and Management's Discussion and Analysis, of Canadian Zinc Corporation for the year ended December 31, 2004.

About Canadian Zinc

Canadian Zinc's 100% owned Prairie Creek Mine Project located in the Northwest Territories includes a near complete mine, mill and surrounding infrastructure with a large mineral resource base totaling 11.8 million tonnes, grading an average12.5% zinc, 10.1% lead, 0.4% copper and 161 grammes of silver per tonne. The resource contains an estimated 70 million ounces of silver, approximately 3 billion pounds of zinc and approximately 2.2 billions pounds of lead.