To view this email in a browser please click here.
|
|
|
|
September 22nd, 2011 |
Auguries � Globalists Bearing Gifts
September 22, 2011By Kevin Michael Grace
The Ben Bernanke's "Operation Twist" was DOA yesterday, and the market erupted in chaos today. The Dow fell 455.65 (-4.1%) to 10,669.19; the S&P/TSXV fell 107.30 (-6.3%) to 1,596.48; gold fell $63.10 (-3.5%) to $1,745; and silver fell $4.11 (-10.2%) to $36.36.
In response, a shell-shocked Peter Hillyard, ANZ head of metal sales in Europe, told Reuters, "The textbook ideas, the things we follow, the things we believe to be so are being shot to pieces for the moment." For today, there is apparently only one thing investors believe in. "Everyone says they're concerned about economies everywhere, but I suppose it's dollar strength. That's what I'm putting it down to." He doesn't seem convinced, but in a world whether nothing financial makes sense, Hillyard's reason is as good as any other...
Continue Reading... |
One Out Of Two Ain't Bad
Orezone Sees 2015 Burkina Faso Gold ProductionBy Ted Niles
The 2008 acquisition of Orezone Resources Inc by IAMGOLD Corporation TSX:IMG was, in President/CEO Ron Little's view, less a takeover than it was "a take-under." The junior mining company was within reach of production at its Essakane gold project in Burkina Faso when the market crash dealt it a decisive blow. "We were about a third of the way into Essakane in terms of construction when it hit," Little laments. "We got it fully permitted on our own; we had a debt facility approved; it was the biggest capital investment ever in Burkina Faso."
But all was not lost. While Orezone needed cash, IAMGOLD needed reserves. The urgency of the situation was such that the transaction wasn't entirely to Orezone's disadvantage. Little explains, "We said, 'Look, we'll keep everything else, and you take Essakane. We'll carry on with $10 million in cash and these other assets.' IAMGOLD was happy to short-circuit their due diligence. They never did get a look at the Bombor� gold project because we never showed it to them. They were just happy to get Essakane for a steal."
Continue Reading... |
Small Cap, Big Plans
Otterburn drills palladium-Platinum in FinlandBy Greg Klein
Nano-caps�companies with market caps often well below $75 million�"have the greatest potential for outsize performance," according to Paul Zweng, a Portfolio Manager with Resource Venture Advisors. "You can literally generate 10-times returns with these tiny companies." Needless to say, there is risk. "That is why you really need to understand the geology, the prospectivity and the management team," he emphasizes. "Are these people who can husband their money and their resources carefully?"
Following Zweng's advice, these would be the criteria to evaluate Otterburn Ventures' recently optioned L�ntinen Koillismaa Project (LK) in Finland. A palladium-platinum property with gold, copper and nickel, it's further advanced than the projects Zweng referred to, despite Otterburn's nano $14-million cap. LK already has a resource estimate, an experienced drill team, a highly regarded management team and, Otterburn President Steven Green says, plenty of blue-sky potential...
Continue Reading... |
Rapid Resource Development
Marathon Moves Quickly In Nfld and IdahoBy Ted Niles
In November 2010 Stillwater Mining Company TSX:SWC.U acquired Marathon PGM Corporation for its eponymous copper-palladium project in northwestern Ontario. The transaction earned Marathon PGM shareholders $118 million and saw the company's remaining gold assets spun out into Marathon Gold Corporation TSX:MOZ. "Our background is rapid resource development," says President and CEO Phillip Walford, "developing resources, then into reserves. We did that at Marathon PGM and, if anything, we're doing it faster here."
"Here" being the new company's flagship Valentine Lake gold project, located 55 kilometres south of the town of Buchans, Newfoundland, which Marathon holds in 50/50 joint venture with Mountain Lake Resources Inc TSXV:MOA. Prior to Marathon, the property's other joint venture partner was Richmont Mines Inc TSX:RIC. "Richmont looked at it from an underground mining point of view and basically walked on it," Walford comments. "Then we came along and had a look. While Richmont was looking at Valentine from an underground-mining perspective, what I could see there was really, to start with anyway, an open pit. That was our concept, and it seems to be working..."
Continue Reading... |
| | |
To unsubscribe from the ResourceClips.com Newsletter please reply to this email with "Newsletter Unsubscribe" in the subject line.
To optout of all emails from OnPage Media please click here
|
Global Iron Limited
|
|
|
CODE : GFE.AX |
ISIN : AU000000GFE1 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Global Iron is a gold and iron exploration company based in Australia. Global Iron holds various exploration projects in Australia. Its main exploration properties are MT IDA and MT DIMER in Australia. Global Iron is listed in Australia and in Germany. Its market capitalisation is AU$ 8.5 millions as of today (US$ 8.7 millions, € 7.0 millions). Its stock quote reached its highest recent level on November 02, 2007 at AU$ 0.85, and its lowest recent point on November 21, 2008 at AU$ 0.03. Global Iron has 18 125 002 shares outstanding. |