ROG Roxgold Inc $0.85 +.49 12m YH,
PDG Prodigy Gold $0.66 +.02 4m YH,
RA Rare Earth Metals $0.40 +.045 3m,
GOD Goldrush Resources $0.21 +.055 2m,
USA U.S. Silver Corp $0.77 +.77 4m,
CUU Copper Fox Metals $2.70 +.18 3m NH,
BTO B2Gold Corp $3.50 +.14 15m NH
Friday, April 8, 2011
Thursday, April 7, 2011
Uranium Stocks Gain Momentum as Growth Strategies Remain Intact
The Bedford Report Provides Analyst Research on Denison Mines and Uranerz Energy
NEW YORK, NY -- (Marketwire) -- 04/07/11 -- After investors fled the sector because of the nuclear power plant crisis in Japan, uranium stocks are beginning to mount a comeback. Nuclear power construction is likely to continue its rapid growth, largely because there aren't many strong alternatives. As vice-president of the China Nuclear Energy Association, Zhao Chengkun, explains, nuclear is the only energy source that can be used on a mass scale to achieve the nation's goal of developing cleaner, low carbon energy. The Bedford Report examines the Uranium Industry and provides research reports on Denison Mines Corporation (NYSE Amex: DNN) and Uranerz Energy Corporation (NYSE Amex: URZ). Access to the full company reports can be found at:
China recently declared its six operating plants safe, while suspending approval of new nuclear plants while it reviews safety standards. China is in the process quadrupling its uranium consumption to 50 million-60 million pounds a year, and says it plans to build 10 nuclear power plants a year for the next decade.
US President Barack Obama still believes that nuclear power will play an important role going forward. "We're going to incorporate those conclusions and lessons from Japan in design and the building of the next generation of plants," he explains.
The Bedford Report releases regular market updates on the uranium industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Shares of Denison Mines lost more than 30 percent of their value following Japan's tragic earthquake and subsequent nuclear disaster. Last month Denison said its fourth-quarter loss narrowed to $12.3 million or 4 cents a share, from $36.1 million, or 11 cents a share, a year earlier. Revenue rose 26 percent to $39.2 million. Denison Mines has projects in the US, Canada, Zambia, and Mongolia.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
The Bedford Report
Source: Marketwire (April 7, 2011 - 8:16 AM EDT)
Monday, April 4, 2011
(TSXV: EPO) Encanto Potash - Encanto Potash Offers Profitable Solution
The market loves certainty. When a company says, "We are going to do one of two things" - investors tend to get nervous - even if both options are beneficial to shareholders.
So it is with Encanto Potash (TSXV: EPO) which just released NI 43-101 Technical Report with two resource calculations based on two different mining methods (conventional and solution).
According to the March 21, 2011 press release, "Encanto decided to evaluate and report the two resource calculations in order to determine, at a later date in future engineering studies, the most economically viable method for extraction".
Simply put, the geology of Encanto's land package gives it the flexibility to entertain two different mineral extraction scenarios. This isn't a bad thing, and it doesn't need to be confusing. Whichever extraction method is chosen, Encanto will mine the potash to maximize shareholder value.
The dual mining model can be looked at as an internal competition. To value the company you simply need to know which horse is winning.
At the current time, that would appear to be solution mining because of the lower capex, shorter time-line to production, higher tonnage, quicker to cash flow, higher opex energy costs. This could change, based on further drill results and engineering studies, but currently solution mining would bring maximum benefit to the shareholders.
The March 21 resource estimate is based on 5 holes, on 17,000 acres land position. Encanto anticipates adding an additional 15,500 acres to their land package.
Solution mining intervals -- Patience Lake and Belle Plaine members, excluding interbeds -- are calculated as follows:
- Indicated resource: 79.1 million tonnes of recoverable KCl
- Inferred resource: 60.5 million tonnes of recoverable KCl
- Total Resource: 139 MMt recoverable
With the additional 15,500 acres - given similar geology - the total potential recoverable KCL resource would be 265.74 MMt. At 3 Mt KCL production/year that would give a 50 year mine life.
With potash prices at $400 a tonne, that's about a billion dollars of product - not bad for a company with a market cap of $96 million.
The Encanto NI 43-101 resource numbers compare favourably to the initial NI 43-101 resource calculations of Western Potash (TSX: WPX), Potash One (TSX: KCL) and Athabasca (TSX: API).
According to the International Monetary Fund, global food inflation is running at 12% per annum. 180,000 people a day move from rural to urban areas. Farmland is shrinking, meat consumption is surging.
Encanto is in a sweet spot. The world needs what they have. By one method or another, the potash resource will be mined. More at EncantoPotash.com .
Investors Guru Small Cap Stock Observer publishes interesting contributor articles in addition to its own content. We have not verified any of the above details.