Residential investment property is how an overwhelming majority of the world's millionaires made their millions. Think about it - it's a demand that's always going to be there, no matter how the market changes. There's only so much land in the world, and everybody needs somewhere to live!
This is an investment that carries a low risk, not like investing in commercial property where you have to worry about the business doing well or badly. In addition, investment property loans are not as hard to get as other types. There are lots of benefits that come with residential real estate investing.
Before dropping a single penny, or even shopping around, you should talk to others who have invested in residential real estate. Find someone who has done it before, and use them as your source of information. You can also check out real estate investing forums to get advice.
Don't go to a bank for advice. This is a mistake lots of first-time investors make. The bank has a vested interest, and they won't give you impartial advice that is beneficial to you, the investor.
With residential real estate investing, it is all about protecting your venture. You want to buy properties at a low price that you can eventually sell high. Look for properties to buy that are undervalued within their market.
How do you know if a property is undervalued? The best way is by looking around the neighborhood and comparing prices. A little bit of research on the specific area will go a long way toward getting you a good deal on an undervalued site.
Look for houses that have been on the market for a while. This is another great way to find something at a lower price than it is worth. Also, look for sellers that are looking to sell quickly. This will give you some leverage when negotiating.
When getting investment property loans, look for low interest loans. This way, you will be making smaller payments and keeping much more of the cash flow that comes in from your rental properties.
No matter how low the price, always negotiate. You may be able to save a little bit initially, and that can make your investment more valuable. Remember, it is all about the money!
If you are renting out your residential investment property, get familiar with landlords' and tenants' rights in your state and city. Also, make sure that the lease is as specific as possible, and clearly states rent charges, late fees, deposits, and everything else regarding money from your tenants. If there should be a conflict that goes to court, this will save your neck.
If you decide to renovate your property, do it according to current trends and not your specific tastes. Remember that this is an investment. You don't want your quirky decorating ideas to potentially lower the value.
Always keep an eye on your budget. If you go overboard and can't hang on to your residential property, it's all for nothing!
The best thing is to do your homework. The more you know about the market, the better able you will be to find a good investment. Real estate investing is an area where knowledge really is power. Give yourself a college education in residential real estate investing!
Commercial Property Market Value Directs Investments
When looking at an investment, it is important that you consider its commercial property market value. Market value is a very slippery term, and can differ widely depending on how you compute it. Opinions of marketable value can vary greatly. The realtor may think a location has a certain value, but the appraisal might be completely different.
If nobody is willing to pay the amount you have placed on a property, then that is obviously not its true business worth. Additionally complicating things, you can expect the projected business worth to change almost constantly.
Generally, the market value can be defined as the maximum amount that a property will sell for in a "regular" transaction - with both parties fully informed and knowledgeable, and no outside issues affecting the transaction.
Frequently, though, if someone is buying real estate, they have a variety of factors affecting their decision, and a lot of different mental processes that lead them to the final decision. The best real estate agents are able to fully understand these mental processes to facilitate smooth transactions between the buyer and the seller.
But if you are not dealing directly with a buyer, you will have to do your best to estimate the commercial property market value. You can use a number of tools to do this for you. In fact, many companies offer property analysis services that will tell you how likely an investment is to make profitable returns. They will require some basic information about the property, and you may have to find out some information about the local real estate market, but once you have that information, the process will be very easy. You can quickly determine if a commercial property market value will lead to returns on your investment, or if the demand is too poor to merit investing.
While it is impossible to get an exact amount that will guarantee a lucrative sale, it is definitely worth it to attempt to estimate a figure. Once you have a basic figure that you expect to earn from a commercial property, you will be able to plan the future of your investments more accurately. Whether you earn more or less than you expected, you are still likely to make a profit near your estimate. This is very helpful, particularly if you want to decide what you will be doing with the returns on an investment – i.e. if you decide to re-invest the money into different properties.
If you want to get into the real estate business, you should carefully plan how you are going to figure out the commercial property market value of your prospective investments. You can estimate it on your own, or you can pay for expensive appraisals on properties that you haven not even decided you want yet. Or, you can use a property analysis service, and make it easy to estimate the commercial property market value. You can use formulas, software, guides, and any other tools that are offered. It makes the process easier, and it definitely pays for itself.
If nobody is willing to pay the amount you have placed on a property, then that is obviously not its true business worth. Additionally complicating things, you can expect the projected business worth to change almost constantly.
Generally, the market value can be defined as the maximum amount that a property will sell for in a "regular" transaction - with both parties fully informed and knowledgeable, and no outside issues affecting the transaction.
Frequently, though, if someone is buying real estate, they have a variety of factors affecting their decision, and a lot of different mental processes that lead them to the final decision. The best real estate agents are able to fully understand these mental processes to facilitate smooth transactions between the buyer and the seller.
But if you are not dealing directly with a buyer, you will have to do your best to estimate the commercial property market value. You can use a number of tools to do this for you. In fact, many companies offer property analysis services that will tell you how likely an investment is to make profitable returns. They will require some basic information about the property, and you may have to find out some information about the local real estate market, but once you have that information, the process will be very easy. You can quickly determine if a commercial property market value will lead to returns on your investment, or if the demand is too poor to merit investing.
While it is impossible to get an exact amount that will guarantee a lucrative sale, it is definitely worth it to attempt to estimate a figure. Once you have a basic figure that you expect to earn from a commercial property, you will be able to plan the future of your investments more accurately. Whether you earn more or less than you expected, you are still likely to make a profit near your estimate. This is very helpful, particularly if you want to decide what you will be doing with the returns on an investment – i.e. if you decide to re-invest the money into different properties.
If you want to get into the real estate business, you should carefully plan how you are going to figure out the commercial property market value of your prospective investments. You can estimate it on your own, or you can pay for expensive appraisals on properties that you haven not even decided you want yet. Or, you can use a property analysis service, and make it easy to estimate the commercial property market value. You can use formulas, software, guides, and any other tools that are offered. It makes the process easier, and it definitely pays for itself.
Pre-ipo Investing: Expert Advice For The Professional Investor
This article takes a look at the pros and cons of investing into what is called Pre-IPO capital.
What is Pre-IPO capital? Well it’s exactly that, capital that is raised prior to an IPO.
So to make things clear, an IPO, or initial public offering, refers to the time when a company is about to list on the stock exchange, and they have issued a prospectus in order to attract investors funds. The amounts sought vary greatly depending of the size of the company and the need for capital. So if you invest into an IPO, you get the prospectus via a broker or online, fill in the application form and post it in along with a cheque. About 3 to 4 weeks later the company lists and you get your shares which you can immediately sell if you want to.
You are usually limited by the maximum number of shares you can subscribe to. It may be $10,000 for example. There will also be a minimum subscription. This varies from float to float of course.
The other thing that is common with an IPO offering is that there is a defined time period in which you must respond. - usually about 3 weeks. This allows the company and their broker to coordinate the float with the exchange. It also creates urgency for the investor by giving you a deadline in which to make a decision by.
The basics on Pre-IPO…
Pre-IPO is much different to this, although it sounds similar. Pre-IPO is raised anywhere from 3 months to 18 months prior to the company listing onto the ASX. It is usually done without a prospectus and in most cases is done at a time when there is no stock-broker representing the company or underwriting the float.
At the pre-IPO level, there is no guarantee that the company will make it to the actual IPO, what the share price will be, or even which broker will do it. Also, because it may take up to 2 years before the company floats, your money is pretty much tied up until then.
As you can see, there is higher risk involved. To reflect this, pre-IPOs are usually offered at a considerable discount to the anticipated IPO price. For example, if company X believed that they will list for $1, they may offer shares in a pre-IPO capital raising at $0.25. Should they end up listing for $1, they you make 4 times on your money at the IPO.
Most investors have not even heard of pre-IPO investment opportunities. This is because they are only usually marketed to wholesale investors, high net worth individuals, professional investors and investment funds. So to gain exposure to one, you sort of need to know the right people. Even high net worth individuals do not often get exposed to pre-IPO opportunities simply because they are not connected to the company or the broker/advisor managing the offer.
Most opportunities are restricted to “wholesale” investors however limited opportunities are sometimes available to some “retail” investors.
Key strategies for reducing investor risk in Pre-IPO opportunities…
There is no safe way to invest into pre-IPO opportunities. Simply because there are many factors that may prevent the company from reaching the stock market. So the key is to invest into companies that are fairly close to listing. Some of the indicators for this are:-
• Estimated listing timetable stated in Information Memorandum document (ideally within 12 months)
• Board of directors in place
• CEO in place
• Key management and staff in place
• Lead broker in place (or at least short listed)
• Legal team in place (for IPO)
• Accountant in place (for IPO)
• Advisor in place (for IPO)
• Financial projections completed
• Profitable
• Market opportunity clearly defined
• Share capital structure in place
• Value entry level established
It’s not necessary to have all the above criteria ticked, but the more the better as each criteria lessens the risk for you, the investor.
How do you know the company is going to list? The short answer is you don’t. Even some IPO’s have been pulled at the last minute. The bottom line is investing into Pre-IPO is risky, so be sure to only invest what you can afford to lose. And only invest a maximum of say 10% of your investment portfolio.
However when they work, the returns can be quite staggering. I know of a recent float where the pre-IPO investors bought in at $0.10 per share, less than 4 months before the IPO. The company floated at $0.20 and within 6 months, the shares rose to over $0.60. That’s 6 times your money within a year. However bear in mind that this was relatively speculative, and the pre-IPO investors could just have easily been left holding the stock for a couple of years.
In terms of Due Diligence, it’s wise to spend about 20 minutes on the phone to the CEO or better still, meet with them. Get them to answer any questions you have about the company and its ability to deliver on its promises. If you are investing $100,000 or more, it’s time well spent. If you were to spend a similar amount on a car, I’m sure you would take it around the block a couple of times, so make sure you do some homework when looking at a pre-IPO investment.
So how do you gain access to pre-IPO opportunities? Speak to your broker or get to know an advisory firm who specialises in pre-IPO capital raisings. From time to time, you will also see them advertised in the Financial Review. It’s free to enquire and even if you don’t invest, it’s good to get a feel for this type of investment prior to writing a cheque.
What is Pre-IPO capital? Well it’s exactly that, capital that is raised prior to an IPO.
So to make things clear, an IPO, or initial public offering, refers to the time when a company is about to list on the stock exchange, and they have issued a prospectus in order to attract investors funds. The amounts sought vary greatly depending of the size of the company and the need for capital. So if you invest into an IPO, you get the prospectus via a broker or online, fill in the application form and post it in along with a cheque. About 3 to 4 weeks later the company lists and you get your shares which you can immediately sell if you want to.
You are usually limited by the maximum number of shares you can subscribe to. It may be $10,000 for example. There will also be a minimum subscription. This varies from float to float of course.
The other thing that is common with an IPO offering is that there is a defined time period in which you must respond. - usually about 3 weeks. This allows the company and their broker to coordinate the float with the exchange. It also creates urgency for the investor by giving you a deadline in which to make a decision by.
The basics on Pre-IPO…
Pre-IPO is much different to this, although it sounds similar. Pre-IPO is raised anywhere from 3 months to 18 months prior to the company listing onto the ASX. It is usually done without a prospectus and in most cases is done at a time when there is no stock-broker representing the company or underwriting the float.
At the pre-IPO level, there is no guarantee that the company will make it to the actual IPO, what the share price will be, or even which broker will do it. Also, because it may take up to 2 years before the company floats, your money is pretty much tied up until then.
As you can see, there is higher risk involved. To reflect this, pre-IPOs are usually offered at a considerable discount to the anticipated IPO price. For example, if company X believed that they will list for $1, they may offer shares in a pre-IPO capital raising at $0.25. Should they end up listing for $1, they you make 4 times on your money at the IPO.
Most investors have not even heard of pre-IPO investment opportunities. This is because they are only usually marketed to wholesale investors, high net worth individuals, professional investors and investment funds. So to gain exposure to one, you sort of need to know the right people. Even high net worth individuals do not often get exposed to pre-IPO opportunities simply because they are not connected to the company or the broker/advisor managing the offer.
Most opportunities are restricted to “wholesale” investors however limited opportunities are sometimes available to some “retail” investors.
Key strategies for reducing investor risk in Pre-IPO opportunities…
There is no safe way to invest into pre-IPO opportunities. Simply because there are many factors that may prevent the company from reaching the stock market. So the key is to invest into companies that are fairly close to listing. Some of the indicators for this are:-
• Estimated listing timetable stated in Information Memorandum document (ideally within 12 months)
• Board of directors in place
• CEO in place
• Key management and staff in place
• Lead broker in place (or at least short listed)
• Legal team in place (for IPO)
• Accountant in place (for IPO)
• Advisor in place (for IPO)
• Financial projections completed
• Profitable
• Market opportunity clearly defined
• Share capital structure in place
• Value entry level established
It’s not necessary to have all the above criteria ticked, but the more the better as each criteria lessens the risk for you, the investor.
How do you know the company is going to list? The short answer is you don’t. Even some IPO’s have been pulled at the last minute. The bottom line is investing into Pre-IPO is risky, so be sure to only invest what you can afford to lose. And only invest a maximum of say 10% of your investment portfolio.
However when they work, the returns can be quite staggering. I know of a recent float where the pre-IPO investors bought in at $0.10 per share, less than 4 months before the IPO. The company floated at $0.20 and within 6 months, the shares rose to over $0.60. That’s 6 times your money within a year. However bear in mind that this was relatively speculative, and the pre-IPO investors could just have easily been left holding the stock for a couple of years.
In terms of Due Diligence, it’s wise to spend about 20 minutes on the phone to the CEO or better still, meet with them. Get them to answer any questions you have about the company and its ability to deliver on its promises. If you are investing $100,000 or more, it’s time well spent. If you were to spend a similar amount on a car, I’m sure you would take it around the block a couple of times, so make sure you do some homework when looking at a pre-IPO investment.
So how do you gain access to pre-IPO opportunities? Speak to your broker or get to know an advisory firm who specialises in pre-IPO capital raisings. From time to time, you will also see them advertised in the Financial Review. It’s free to enquire and even if you don’t invest, it’s good to get a feel for this type of investment prior to writing a cheque.
Goldcliff Sees Growing Bulk Tonnage Opportunity At Panorama Ridge
The world’s most powerful currency just received a slap in the face by the world’s top earning supermodel. Gisele Bundchen, has insisted on being paid in Euros rather than US dollars. When even supermodels are making news by protecting their wealth from the plummeting US dollar, gold becomes foremost on investors’ minds. Of course, gold is widely considered a hedge against the dollar and so far, following the decline of the greenback, the gold price has responded as expected. Gold has increased relative to not just the American dollar, but to the other major currencies across the world. And many predict an unprecedented further acceleration in the price of gold. Goldcliff Resource Corp’s President, George Sanders, points out the enormous opportunity for investors to leverage their exposure to the rising gold price by investing in a gold resource like Panorama Ridge, Goldcliff’s 100% owned flagship gold property.
Although Goldcliff has thus far focused on reporting drilling results from a few high-grade zones on the property, according to Sanders, Panorama Ridge in fact has substantial bulk tonnage, open pit potential. In addition to the high-grade gold that Goldcliff is drilling, Sanders explains that in today’s gold market the low-grade material at Panorama is becoming economic, and in turn substantially increasing the potential size of the Panorama resource.
“We’ve been focused on the material right around a gram per tonne and in excess of a gram and we’re finding lots of potential tonnage of that material, but that material occurs within an even bigger envelope of low grade material. As these gold prices move higher, that lower grade material starts to become of serious economic interest. It moves into a resource category as you’re able to lower your cut-off grades.”
Focused in British Columbia adjacent to the historic and prolific Mascot Mine, Goldcliff is in the midst of a 10,000m drill program that is slated to wrap up in the spring of 2008 with resource estimates to follow soon after. Results from the Panorama Ridge property, concentrating on the high grade York/Viking and Nordic zones, will arrive over the next weeks and months as Goldcliff’s drilling results make their way through queues at the assay labs.
Highlights published thus far have included 1.56 g/t gold over 40.84m including 3.05 g/t gold over 19.23m and 5.24 g/t gold over 8.56m and 31.2 g/t gold over 0.25m at the Nordic zones. Highlights from the York/Viking zone include 58.27m of 1.01 g/t gold, 38.01m of 1.19 g/t gold, and 27.88m of 1.05 g/t gold.
The Panorama Ridge story began one afternoon in 2000 when geologists Leonard Saleken and Grant Crooker drove up the Nickel Plate Road only four kilometers from the Nickel Plate Mascot Mine near Hedley, BC. There they discovered new logging roads that extended into terrain with favourable outcrop and similar geology to the Mascot Mine area. Saleken and Crooker knew the potential of what they had. Immediately, they checked the records for previous claims. They found none and excitedly began the process of staking ground. Today Goldcliff has over 4,000 hectares in claims at Panorama Ridge and a growing body of significant exploration results.
Geographic proximity to the Mascot Mine is one advantage that Goldcliff has exploited. However, it doesn’t end there. Three members of the Goldcliff team, Leonard Saleken, Chairman and chief geologist, Paul Saxton, director and mining engineer, and Edwin Rockel, geophysicist, worked at the Mascot open pit in the 1980s and 90s when it produced over 1.0 million ounces of gold. Sanders points out that Mascot and Panorama have the same geological setting and same style of mineralization, “so in a sense our guys have already ‘been there and done that’. The whole team has been involved in more than one successful junior where deposits have been developed into ore bodies or companies have been sold to bigger companies. So we do have a lot of experience under our belts.”
Another important strategy the Goldcliff team has executed is the acquisition of two other British Columbia properties. Sanders explains, “the additional assets we’ve acquired in the last year [the Ainsworth and Plug properties] augment the company’s portfolio. While they’re early stage assets, we’re pretty excited about those and they could be a real sleeper value to the valuation of the company.”
The carefully selected 2,735 hectare Plug Project is located at the Merrit-Logan Lake epithermal gold-silver belt, and the 56,997 hectare Ainsworth Silver Project is in the Kootenays. Although both are early stage projects, optimism for the Plug project is punctuated by two showings, the Plug showing of 4.35 g/t gold and 52.2 g/t silver over 11.98m including 20.78 g/t gold and 113.0 g/t silver; and the Meadow showing of 2.24 g/t gold and 400.6 g/t silver over 4.44m including 6.14 g/t gold and 1715.0 g/t silver.
A news release dated Feb. 15, 2007 detailed the value of the Ainsworth project: “The claim holdings contain old silver producers and a number of strongly anomalous silver, copper, molybdenum, lead, zinc and gold values. Goldcliff’s interpretation of the region’s geological, geochemical and geophysical data established an exploration model for mega-silver-deposit discoveries in the region. The region has historical silver production of 85 million ounces silver.”
With these three properties, the experienced Goldcliff team has strategically situated the company both next to a past-producing mine, and on the crest of a possible gold tsunami.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Although Goldcliff has thus far focused on reporting drilling results from a few high-grade zones on the property, according to Sanders, Panorama Ridge in fact has substantial bulk tonnage, open pit potential. In addition to the high-grade gold that Goldcliff is drilling, Sanders explains that in today’s gold market the low-grade material at Panorama is becoming economic, and in turn substantially increasing the potential size of the Panorama resource.
“We’ve been focused on the material right around a gram per tonne and in excess of a gram and we’re finding lots of potential tonnage of that material, but that material occurs within an even bigger envelope of low grade material. As these gold prices move higher, that lower grade material starts to become of serious economic interest. It moves into a resource category as you’re able to lower your cut-off grades.”
Focused in British Columbia adjacent to the historic and prolific Mascot Mine, Goldcliff is in the midst of a 10,000m drill program that is slated to wrap up in the spring of 2008 with resource estimates to follow soon after. Results from the Panorama Ridge property, concentrating on the high grade York/Viking and Nordic zones, will arrive over the next weeks and months as Goldcliff’s drilling results make their way through queues at the assay labs.
Highlights published thus far have included 1.56 g/t gold over 40.84m including 3.05 g/t gold over 19.23m and 5.24 g/t gold over 8.56m and 31.2 g/t gold over 0.25m at the Nordic zones. Highlights from the York/Viking zone include 58.27m of 1.01 g/t gold, 38.01m of 1.19 g/t gold, and 27.88m of 1.05 g/t gold.
The Panorama Ridge story began one afternoon in 2000 when geologists Leonard Saleken and Grant Crooker drove up the Nickel Plate Road only four kilometers from the Nickel Plate Mascot Mine near Hedley, BC. There they discovered new logging roads that extended into terrain with favourable outcrop and similar geology to the Mascot Mine area. Saleken and Crooker knew the potential of what they had. Immediately, they checked the records for previous claims. They found none and excitedly began the process of staking ground. Today Goldcliff has over 4,000 hectares in claims at Panorama Ridge and a growing body of significant exploration results.
Geographic proximity to the Mascot Mine is one advantage that Goldcliff has exploited. However, it doesn’t end there. Three members of the Goldcliff team, Leonard Saleken, Chairman and chief geologist, Paul Saxton, director and mining engineer, and Edwin Rockel, geophysicist, worked at the Mascot open pit in the 1980s and 90s when it produced over 1.0 million ounces of gold. Sanders points out that Mascot and Panorama have the same geological setting and same style of mineralization, “so in a sense our guys have already ‘been there and done that’. The whole team has been involved in more than one successful junior where deposits have been developed into ore bodies or companies have been sold to bigger companies. So we do have a lot of experience under our belts.”
Another important strategy the Goldcliff team has executed is the acquisition of two other British Columbia properties. Sanders explains, “the additional assets we’ve acquired in the last year [the Ainsworth and Plug properties] augment the company’s portfolio. While they’re early stage assets, we’re pretty excited about those and they could be a real sleeper value to the valuation of the company.”
The carefully selected 2,735 hectare Plug Project is located at the Merrit-Logan Lake epithermal gold-silver belt, and the 56,997 hectare Ainsworth Silver Project is in the Kootenays. Although both are early stage projects, optimism for the Plug project is punctuated by two showings, the Plug showing of 4.35 g/t gold and 52.2 g/t silver over 11.98m including 20.78 g/t gold and 113.0 g/t silver; and the Meadow showing of 2.24 g/t gold and 400.6 g/t silver over 4.44m including 6.14 g/t gold and 1715.0 g/t silver.
A news release dated Feb. 15, 2007 detailed the value of the Ainsworth project: “The claim holdings contain old silver producers and a number of strongly anomalous silver, copper, molybdenum, lead, zinc and gold values. Goldcliff’s interpretation of the region’s geological, geochemical and geophysical data established an exploration model for mega-silver-deposit discoveries in the region. The region has historical silver production of 85 million ounces silver.”
With these three properties, the experienced Goldcliff team has strategically situated the company both next to a past-producing mine, and on the crest of a possible gold tsunami.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Ascendant Copper Acquires St. Genevieve In Its Bid For Diversification And Near-term Production
John Whittier Greenleaf, the American Quaker poet and abolitionist, was noted for saying, “I’ll lift you and you lift me, and we’ll both ascend together.” It looks as if Ascendant Copper (TSX:ACX) has taken some of his sage relationship advice as it ushers in a new phase of its ascendancy with its friendly takeover of St. Geneviève Resources (CNQ:SGVL) of Montréal. The Boards of Directors of both ACX and SGVL have unanimously approved a letter of intent in which ACX acquires all of the outstanding shares of SGVL in exchange for up to 30,000,000 ACX common shares, as per its October 31st press release. Completion of the transaction is subject to final due diligence by ACX and SGVL.
This latest news represents a new chapter for Ascendant as it diversifies its asset base and gathers momentum in its push to achieve mid-tier production status. Of particular interest are SGVL’s two past-producing copper properties in Arizona.
Emerald Isle is a formerly producing open-pit copper mine located 24 km northwest of Kingman. Infrastructure in the area is excellent on all counts, with water coming from nearby wells. Mine infrastructure also includes a SX/EW (solvent-leach/electrowinning*) plant, some buildings and equipment.
Emerald Isle contains a 43-101-compliant** recoverable mineral resource of 27.5 million lbs Cu. The property has a history of work dating back to 1917, with open-pit production starting in 1943. A final pre-feasibility study conducted by Behre Dolbear reports an expected mine life of 4 years, which is a conservative estimate. The company plans to put the property into production within 12 months in order to produce about 5 million lbs of copper annually. The company estimates costs of around $4 to 5 million in order to put the property back into production.
It is particularly important to note the economic advantage that a SX/EW processing scenario lends to this project. It requires a low capital investment requirement relative to the smelting process, and can be viable even on a small scale. The process has very little environmental impact, as its liquid streams are easily contained, and acids used in the process are eventually neutralized by the host rock itself. Most importantly, SX/EW also allows for the processing of copper oxides, which are very difficult and expensive to smelt. These include mined copper minerals that are in oxidized form, such as azurite, brochantite, chrysocolla and cuprite, as well as residual copper in old mine waste dumps that has been oxidized through exposure to air.
The Zonia property, located south of Prescott, consists of 3,300 acres that produced 33 million lbs Cu from 1966 to 1975 by heap leaching. In 2006, Scott Wilson Roscoe Postle Associates (RPA) prepared a NI 43-101 technical report on the property. It outlined an inferred resource of 63 million tons copper averaging 0.37% Cu at a cutoff grade of 0.25% containing an estimated 460 million lbs Cu.
Zonia is also considered a near-term producer. Ascendant plans to update the feasibility study and expand resources through additional drilling while preparing the site for production over the next 24 to 30 months.
The acquisition of SGVL enables Ascendant to build upon its comprehensive copper-moly portfolio. The company is also able to build on a great deal of copper exploration experience, gleaned while working in Ecuador, where it owns two properties: the Chaucha copper-molybdenum in the southwest, and the Junin copper-molybdenum porphyry project in the northwest.
Chaucha has an historic geological resource estimate of 216 million tons, with 2.2 billion lbs Cu and 122 million lbs Mo. Phase III of the drilling program – which involved testing for higher grade, +1% Cu – has recently been completed. Assay results are expected shortly. At the same time, according to the company’s website, Junin has a 43-101 compliant inferred resource estimate of 982 million tonnes, with 19.2 billion lbs copper and 864 lbs molybdenum.
This latest move serves as a bridge to create increased value and cash flow for Ascendant’s shareholders in the near and mid-term future. It also serves to support the advancement of Chaucha and Junin. Recently, Ecuador's President has come out in support of responsible mining, and the Ministry of Mines and Petroleum is laboring to determine how to best advance mineral projects within Ecuador. These new political developments should bode well for the people of Ecuador, for the mining community in general, and for Ascendant in particular.
In the meanwhile, the company will continue to build on its ongoing strategic exploration alliance in Ecuador with Rio Tinto, which gives it access to Rio Tinto’s US$14 million database.
In terms of investor awareness, the agreement with SGVL signals a key entry point for Ascendant’s potential investors in the sense that all the building blocks are now in place to ensure a balanced approach in terms of growth – and profit – at all stages of its development.
*Solvent extraction/electrowinning (SX/EW) is a two-stage process that first extracts and upgrades copper ions from low-grade leach solutions into a concentrated electrolyte, and then deposits pure copper onto cathodes using an electrolytic procedure.
**National Instrument 43-101 (NI 43-101) is a rule developed by the Canadian Securities Administrators (CSA) and administered by the provincial securities commissions that govern how issuers disclose scientific and technical information about their mineral projects to the public. It covers oral statements as well as written documents and websites. It requires that all disclosure be based on advice by a "qualified person" and in some circumstances that the person be independent of the issuer and the property.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
This latest news represents a new chapter for Ascendant as it diversifies its asset base and gathers momentum in its push to achieve mid-tier production status. Of particular interest are SGVL’s two past-producing copper properties in Arizona.
Emerald Isle is a formerly producing open-pit copper mine located 24 km northwest of Kingman. Infrastructure in the area is excellent on all counts, with water coming from nearby wells. Mine infrastructure also includes a SX/EW (solvent-leach/electrowinning*) plant, some buildings and equipment.
Emerald Isle contains a 43-101-compliant** recoverable mineral resource of 27.5 million lbs Cu. The property has a history of work dating back to 1917, with open-pit production starting in 1943. A final pre-feasibility study conducted by Behre Dolbear reports an expected mine life of 4 years, which is a conservative estimate. The company plans to put the property into production within 12 months in order to produce about 5 million lbs of copper annually. The company estimates costs of around $4 to 5 million in order to put the property back into production.
It is particularly important to note the economic advantage that a SX/EW processing scenario lends to this project. It requires a low capital investment requirement relative to the smelting process, and can be viable even on a small scale. The process has very little environmental impact, as its liquid streams are easily contained, and acids used in the process are eventually neutralized by the host rock itself. Most importantly, SX/EW also allows for the processing of copper oxides, which are very difficult and expensive to smelt. These include mined copper minerals that are in oxidized form, such as azurite, brochantite, chrysocolla and cuprite, as well as residual copper in old mine waste dumps that has been oxidized through exposure to air.
The Zonia property, located south of Prescott, consists of 3,300 acres that produced 33 million lbs Cu from 1966 to 1975 by heap leaching. In 2006, Scott Wilson Roscoe Postle Associates (RPA) prepared a NI 43-101 technical report on the property. It outlined an inferred resource of 63 million tons copper averaging 0.37% Cu at a cutoff grade of 0.25% containing an estimated 460 million lbs Cu.
Zonia is also considered a near-term producer. Ascendant plans to update the feasibility study and expand resources through additional drilling while preparing the site for production over the next 24 to 30 months.
The acquisition of SGVL enables Ascendant to build upon its comprehensive copper-moly portfolio. The company is also able to build on a great deal of copper exploration experience, gleaned while working in Ecuador, where it owns two properties: the Chaucha copper-molybdenum in the southwest, and the Junin copper-molybdenum porphyry project in the northwest.
Chaucha has an historic geological resource estimate of 216 million tons, with 2.2 billion lbs Cu and 122 million lbs Mo. Phase III of the drilling program – which involved testing for higher grade, +1% Cu – has recently been completed. Assay results are expected shortly. At the same time, according to the company’s website, Junin has a 43-101 compliant inferred resource estimate of 982 million tonnes, with 19.2 billion lbs copper and 864 lbs molybdenum.
This latest move serves as a bridge to create increased value and cash flow for Ascendant’s shareholders in the near and mid-term future. It also serves to support the advancement of Chaucha and Junin. Recently, Ecuador's President has come out in support of responsible mining, and the Ministry of Mines and Petroleum is laboring to determine how to best advance mineral projects within Ecuador. These new political developments should bode well for the people of Ecuador, for the mining community in general, and for Ascendant in particular.
In the meanwhile, the company will continue to build on its ongoing strategic exploration alliance in Ecuador with Rio Tinto, which gives it access to Rio Tinto’s US$14 million database.
In terms of investor awareness, the agreement with SGVL signals a key entry point for Ascendant’s potential investors in the sense that all the building blocks are now in place to ensure a balanced approach in terms of growth – and profit – at all stages of its development.
*Solvent extraction/electrowinning (SX/EW) is a two-stage process that first extracts and upgrades copper ions from low-grade leach solutions into a concentrated electrolyte, and then deposits pure copper onto cathodes using an electrolytic procedure.
**National Instrument 43-101 (NI 43-101) is a rule developed by the Canadian Securities Administrators (CSA) and administered by the provincial securities commissions that govern how issuers disclose scientific and technical information about their mineral projects to the public. It covers oral statements as well as written documents and websites. It requires that all disclosure be based on advice by a "qualified person" and in some circumstances that the person be independent of the issuer and the property.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Tribune Follows The Yellow Brick Road As It Drills For Uranium In The Athabasca
No, we’re not in Kansas anymore, Toto, but we are at the scene of a whirlwind of activity along the southern margin of the Athabasca Basin, where Tribune Uranium Corp (TSX.V:TCB) has just begun drilling for uranium at its Botham Lake property. The company is working right next door to Cameco's recent Centennial Zone discovery, which reports 18.3% U3O8 over 5.3 meters. The property is just south of Tommy Davis Bay (Cree Lake), approximately 254 km north-northwest of La Ronge and 53 km west of the Key Lake Uranium Mine.
The company has five projects altogether– three of which are strategically located within the Athabasca Basin: Botham Lake (19,099 ha), Dufferin Lake East (18,790 ha), and North Shore (117,853 ha). Rounding out a well-diversified portfolio are its recently-acquired Quartz and Green claims, in the Reed Lake Mining District of Manitoba, and its Potonico gold/silver project in El Salvador.
So far, nine anomalies at Botham Lake have been identified from the results of an 826 line-km MEGATEM airborne survey conducted in 2006. The work program for the summer and fall of this year involved additional ground prospecting and analysis to identify potential drill targets. So far, 20 high-priority drill targets have been identified on the anomalies. Plans are for a total of 4000m of drilling over four of the nine anomalies (B1, B2, B4, and B9). The company is following the recommendations laid out in its 43-101 report, which states that “additional work is recommended for the Properties, but the work should be focused on drill testing the areas containing the four strongest conductor anomalies, B1, B2, B4, and B9, detected during the airborne GEOTEM survey and the anomalies detected during the ground magnetics and HLEM surveys on the Botham Lake claim block. Secondary (and tertiary, on B1) conductive trends were identified using ground magnetics and HLEM surveys along grids B1, B45, and B79, which were not apparent from the airborne geophysics surveys. Eight to nine diamond drill holes to depths of 600 meters would be recommended to drill test the identified conductor anomalies.”
Saskatchewan is the world leader in uranium production– home to the biggest uranium mines in the world, with resources sufficient for over 40 years at current rates of production. There are three uranium mines currently in production in the Athabasca– Eagle Point, McArthur River and McClean Lake. In 2005, these mines produced 28% of the world’s uranium. As of December 31st 2006, the province’s uranium reserves stood at 673.6 million lbs. of U3O8, with new deposits being continually discovered– with an energy potential estimated at 5.7 billion tonnes of coal or 20 billion barrels of oil.
According to the most recent Uranium in Saskatchewan, a fact sheet produced annually by Saskatchewan’s uranium mining industry, “uranium production from the high grade deposits of the Athabasca Basin began in 1975 at Rabbit Lake. The richest uranium deposits in the world occur at or near the base of the Athabasca Basin sandstone sequence, near the erosional unconformity with the underlying crystalline rocks”. Today, all of Canada's uranium production is from basement- and unconformity-related deposits such as Key Lake, Cluff Lake, Rabbit Lake (all now depleted), and the McClean Lake and McArthur River deposits. Other large, exceptionally high-grade, unconformity-related deposits currently being developed include Cameco’s Cigar Lake (averaging almost 20% U3O8 with some zones running over 50% U3O8). Interestingly enough, due to flooding, production has been delayed at Cigar Lake until 2010– with some analysts suggesting that this setback is an important factor in keeping uranium prices high.
This decade has seen the price of uranium skyrocket from around $15/lb. at the beginning of 2001 to a high of $135/lb. in July of this year before settling back to its current plateau of around $90/lb. This phenomenal rise is a reflection of mounting concerns about pending supply shortages. Already, eighteen nuclear power plants provide about 15% of Canada’s electricity. By 2030, world electricity demand is expected to double– making nuclear an increasingly attractive option to help meet the growing demand for clean, affordable power.
Tribune stands a particularly good chance of achieving success in the Athabasca for several reasons. Management has built a solid property portfolio in the area– with key claims right next door or close to Cameco’s proven deposits. It has successfully negotiated agreements with joint venture partners who are experienced in the Athabasca; namely, Fission Energy on its North Shore property. Mining-friendly governments, a much wider public acceptance of nuclear power than in previous years, and voracious global uranium demand do much to pave the company’s way to production.
The next few weeks will be exciting ones for the company’s investors, and some positive assay results should have them saying– in a twist on the old classic– lions and tigers and bulls– oh my!
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
The company has five projects altogether– three of which are strategically located within the Athabasca Basin: Botham Lake (19,099 ha), Dufferin Lake East (18,790 ha), and North Shore (117,853 ha). Rounding out a well-diversified portfolio are its recently-acquired Quartz and Green claims, in the Reed Lake Mining District of Manitoba, and its Potonico gold/silver project in El Salvador.
So far, nine anomalies at Botham Lake have been identified from the results of an 826 line-km MEGATEM airborne survey conducted in 2006. The work program for the summer and fall of this year involved additional ground prospecting and analysis to identify potential drill targets. So far, 20 high-priority drill targets have been identified on the anomalies. Plans are for a total of 4000m of drilling over four of the nine anomalies (B1, B2, B4, and B9). The company is following the recommendations laid out in its 43-101 report, which states that “additional work is recommended for the Properties, but the work should be focused on drill testing the areas containing the four strongest conductor anomalies, B1, B2, B4, and B9, detected during the airborne GEOTEM survey and the anomalies detected during the ground magnetics and HLEM surveys on the Botham Lake claim block. Secondary (and tertiary, on B1) conductive trends were identified using ground magnetics and HLEM surveys along grids B1, B45, and B79, which were not apparent from the airborne geophysics surveys. Eight to nine diamond drill holes to depths of 600 meters would be recommended to drill test the identified conductor anomalies.”
Saskatchewan is the world leader in uranium production– home to the biggest uranium mines in the world, with resources sufficient for over 40 years at current rates of production. There are three uranium mines currently in production in the Athabasca– Eagle Point, McArthur River and McClean Lake. In 2005, these mines produced 28% of the world’s uranium. As of December 31st 2006, the province’s uranium reserves stood at 673.6 million lbs. of U3O8, with new deposits being continually discovered– with an energy potential estimated at 5.7 billion tonnes of coal or 20 billion barrels of oil.
According to the most recent Uranium in Saskatchewan, a fact sheet produced annually by Saskatchewan’s uranium mining industry, “uranium production from the high grade deposits of the Athabasca Basin began in 1975 at Rabbit Lake. The richest uranium deposits in the world occur at or near the base of the Athabasca Basin sandstone sequence, near the erosional unconformity with the underlying crystalline rocks”. Today, all of Canada's uranium production is from basement- and unconformity-related deposits such as Key Lake, Cluff Lake, Rabbit Lake (all now depleted), and the McClean Lake and McArthur River deposits. Other large, exceptionally high-grade, unconformity-related deposits currently being developed include Cameco’s Cigar Lake (averaging almost 20% U3O8 with some zones running over 50% U3O8). Interestingly enough, due to flooding, production has been delayed at Cigar Lake until 2010– with some analysts suggesting that this setback is an important factor in keeping uranium prices high.
This decade has seen the price of uranium skyrocket from around $15/lb. at the beginning of 2001 to a high of $135/lb. in July of this year before settling back to its current plateau of around $90/lb. This phenomenal rise is a reflection of mounting concerns about pending supply shortages. Already, eighteen nuclear power plants provide about 15% of Canada’s electricity. By 2030, world electricity demand is expected to double– making nuclear an increasingly attractive option to help meet the growing demand for clean, affordable power.
Tribune stands a particularly good chance of achieving success in the Athabasca for several reasons. Management has built a solid property portfolio in the area– with key claims right next door or close to Cameco’s proven deposits. It has successfully negotiated agreements with joint venture partners who are experienced in the Athabasca; namely, Fission Energy on its North Shore property. Mining-friendly governments, a much wider public acceptance of nuclear power than in previous years, and voracious global uranium demand do much to pave the company’s way to production.
The next few weeks will be exciting ones for the company’s investors, and some positive assay results should have them saying– in a twist on the old classic– lions and tigers and bulls– oh my!
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Worth Its Salt: Kfg Resources Expands Its Oil Horizons In The Mississippi Interior Salt Basin
Worth Its Salt: Kfg Resources Expands Its Oil Horizons In The Mississippi Interior Salt Basin
Voltaire, the great French Rationalist philosopher, described business as “the salt of life”. Perhaps he may have got it backwards – as far as KFG Resources’ (TSX.V:KFG) management is concerned, “salt is the life of business”. It intends to test this theory as the company prepares to launch a 3-D seismic survey in its quest for oil on its Fayette Field property in the Mississippi Interior Salt Basin.
The Fayette Field is located in Jefferson County, just north of Natchez, Mississippi, and is presently producing 20 barrels of oil and 250 MCF (thousand cubic feet) of gas per day. There are currently ten producing horizons in the field, and management believes that there are between five and ten more viable horizons. It’s worth noting that the company’s property, which consists of a 49.2% (42% net) interest in three leases covering 3200 acres on the largest salt feature left to be redeveloped in the region.
Permitting for the survey has already started and the 3D seismic survey will be conducted in February 2008. A 10,000 ft test well will likely follow in the second quarter of 2008. Drilling in this relatively under-explored area has two major possibilities: one, the highly productive Eocene Wilcox Formation, and the much deeper Lower Cretaceous Lower Tuscaloosa – also a famous oil reservoir. Within the Wilcox Formation, recovery rates are as high as 40% in this water drive reservoir. Secondary recovery using CO2 in the deeper Lower Tuscaloosa have yield an additional 80% of primary production.
The advantage of 3D seismic surveying is that it’s a two-pronged strategy: The survey will delineate both shallow and deep reserves. It will also paint a picture of the secondary aspect of the reserves, which are important in determining added value in terms of what can be extracted via CO2 injection methods once the primary reserves have been tapped.
Salt domes are often the site of salt mines and oil wells. They can range from 1 to 10 km across and have been known to reach depths of up to 6.5 km. They are formed when large plugs of salt from deep in the earth are forced up, pushing up layers as they rise. As the density of salt is generally less than that of its surrounding material, it has a tendency to move upward toward the surface, forming large mushroom-shaped domes. As the salt moves up, it can penetrate and/or bend strata of existing rock with it, causing them to bend slightly upwards at the point of contact with the dome. This process often forms pockets where petroleum and natural gas can collect between impermeable strata of rock and salt. These formations are a major source of the petroleum produced along the coast of the Gulf of Mexico.
The economic potential of salt domes has been known about for some time, however, recent drilling (encouraged by both high oil prices and technological advances) of salt dome flanks in the Mississippi salt basin has resulted in important new discoveries.
37 deep wells of 10,000 feet or less have been drilled in the field– 29 of them on the east side of the dome. The east side of the dome has produced 2.2 million barrels of oil so far. This certainly gives cause for some optimism– since salt domes are usually symmetrical in nature, oil and gas deposits on one side tend to be mirrored on the other. The company’s 3D survey will focus on the west side of the dome. “I’m hoping to develop new production on the west side [of the dome], and to enhance the overall value of the project,” said the company’s CEO, Robert Kadane.
Investors would be hard-pressed to find a total package like this one, especially given recent record oil prices. Several factors highlight KFG’s potential for major appreciation: management is well prepared– all titles have been cleared, and the company is completely debt-free. Mississippi is an excellent place to work in– as costs and taxes are very low. Fayette Field, being inland, is sheltered from the notorious hurricanes that affect the Gulf Coat. Required infrastructure, such as salt water waste removal equipment and gas pipelines, is in place to support increased production. On the finance side, the company has recently closed the second tranche of its brokered private placement through Union Securities. The company is building on its existing success within the Fayette Field and within it other properties in Louisiana, Mississippi, and Kansas.
An oil play of this size offers investors maximum flexibility, mitigated risk, and the potential for handsome returns in a very short turnaround period– serious production and cash flow could take as little as ten months.
Mr. Kadane is a third-generation Texas oilman with over 40 years’ experience in the business. When asked why he has spent much of his life exploring in the Mississippi-Louisiana Salt Basin, his words of wisdom to investors were short – and sweet: “I’ve been here because it’s been successful for me in the past.”
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Linux Bats In The Major Leagues In Alaska’s Historic Gold Camps
Linux Gold Corp. (OTCBB:LNXGF) has stepped up to the plate as it further expands its presence in Alaska’s historic gold camps. The company has recently acquired an option to purchase a 100% interest in 26 mining claims close to the historic Ester Dome mining camp near Fairbanks, Alaska for US$10.3 million in cash and shares over a two-year period. As per its October 18th press release, “on September 9, 2007, a major gold/silver discovery was located on the claims, with a potential strike length of 6,500’, width of 100’ and minimum depth of 100’ of high grade gold and silver values based on the sampling and trenching program completed this year. The area has been re-sampled and results are pending.” Placer gold has been mined around Ester Creek and its drainage for decades.
This latest acquisition adds considerable lustre to Linux’s position in Alaska, as it also owns the Granite Mountain gold-polymetallic-platinum Project– located approximately 80 miles east of Nome, on the eastern part of Alaska's Seward Peninsula. The company staked a 37 square mile area at the ‘epicentre’ of some of the world’s greatest deposits– surrounded by Teck Cominco’s Red Dog, (the world's largest zinc deposit) located 180 miles north, Nova Gold’s Rock Creek and Big Hurrah gold mines 75 miles west, their Khotol Silver project 60 miles east, and finally, Northern Dynasty’s massive gold-copper-molybdenum porphyry deposit (the Pebble Project) to the southeast. Red Dog is has over US$20 billion worth of zinc reserves and is producing 500,000 tons of ore annually. Indicated deposits for Rock Creek and Big Hurrah total 670,000 ounces of gold with an estimated Inferred Resource of 100,000 ounces of gold. Northern Dynasty has an inferred mineral resource of approximately 28 million ounces gold and 16.4 billion pounds of copper – certainly one of the world’s finest mineral deposits.
In early 2005, Linux acquired a 100% interest in the property by staking 148 State of Alaska 160-acre mining claims at several locations near Granite Mountain. Work done in the 1960s suggests that the property deserves additional exploration. To date, mapping and geochemical sampling has enabled the company to outline a two-mile mineralized zone with favorable discovery potential. The company’s consulting geologist for the project, Robert B. Murray, is currently completing a NI 43-101 report on the property. In September 2006, a drilling program on the property was completed, testing four separate mineralized zones. Further exploration work to confirm gold and silver values on the property is planned pending additional financing.
The USGS’ fact sheet entitled Regional Geologic, Geochemical, Geophysical, and Mineral Deposit Data for Economic Development in Alaska in the 21st Century confirms the immense base-metal resources of the Seward Peninsula: “Since the gold rush of the late 19th century, it has been recognized that the mineral endowment of the Seward Peninsula, Alaska, is considerable. The well-known placer gold operations have had significant historic production and continue operating to this day. Lode gold production has also occurred. The potential for base-metal deposits (Pb, Zn, Cu) has attracted exploration to the peninsula for decades, but the extent of that resource is unknown. Scattered across the Seward Peninsula, in an area 150 x 200 km, are numerous prospects and occurrences of stratiform massive sulfides.”
Linux also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. The claims are located only six miles from Kinross’ Fort Knox mill. Linux has a 50/50 joint-venture with Teryl Resources Corp. (TSX.V:TRC) in the Fish Creek claims, in which Linux will spend US$500,000 on the project over three years. Linux Gold Corp. retains a 5% net smelter return or may convert into a 25% working interest. The Fish Creek claims are part of Teryl’s Alaskan holdings, which also include the Gil Project, the Stepovich claims, and the West Ridge property – all in the Fairbanks Mining District. Teryl is one of the main landowners in the district, with holdings contiguous to Kinross’ Fort Knox Project. According to Kinross’ Fort Knox Mine technical report, “the Fairbanks mining district is a celebrated placer gold camp with production in excess of 8.0 million ounces of gold since 1902. Although a significant mining district in terms of total production, it had only limited lode production until the discovery and development of the Fort Knox deposit in the late 1990s.” Fort Knox is the largest producing gold mine in Alaska, with a 4,000,000 oz Au ore reserve.
Linux and Teryl share something else – their president, CEO and chairman of the board, John Robertson, who brings an extensive business, mining and marketing background to both companies.
Management has diligently set about acquiring strategic properties near some of the world’s major producers in an area known for its world-class reserves and its mining-friendly political environment. This approach has yielded some great results so far, given the fact that it has been able to forge close ties with Kinross at Fish Creek.
The company is remarkably well-diversified in terms of its property portfolio, with projects near major former and current producers in Alaska, Arizona, China and Canada. Its accessible price point and Bulletin Board status make it especially attractive to American investors who wish to position themselves early on in the drilling stage in order to maximize their chances of seeing major-league near- and mid-term appreciation. With some good drill results we could well see Linux hit a grand slam.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
This latest acquisition adds considerable lustre to Linux’s position in Alaska, as it also owns the Granite Mountain gold-polymetallic-platinum Project– located approximately 80 miles east of Nome, on the eastern part of Alaska's Seward Peninsula. The company staked a 37 square mile area at the ‘epicentre’ of some of the world’s greatest deposits– surrounded by Teck Cominco’s Red Dog, (the world's largest zinc deposit) located 180 miles north, Nova Gold’s Rock Creek and Big Hurrah gold mines 75 miles west, their Khotol Silver project 60 miles east, and finally, Northern Dynasty’s massive gold-copper-molybdenum porphyry deposit (the Pebble Project) to the southeast. Red Dog is has over US$20 billion worth of zinc reserves and is producing 500,000 tons of ore annually. Indicated deposits for Rock Creek and Big Hurrah total 670,000 ounces of gold with an estimated Inferred Resource of 100,000 ounces of gold. Northern Dynasty has an inferred mineral resource of approximately 28 million ounces gold and 16.4 billion pounds of copper – certainly one of the world’s finest mineral deposits.
In early 2005, Linux acquired a 100% interest in the property by staking 148 State of Alaska 160-acre mining claims at several locations near Granite Mountain. Work done in the 1960s suggests that the property deserves additional exploration. To date, mapping and geochemical sampling has enabled the company to outline a two-mile mineralized zone with favorable discovery potential. The company’s consulting geologist for the project, Robert B. Murray, is currently completing a NI 43-101 report on the property. In September 2006, a drilling program on the property was completed, testing four separate mineralized zones. Further exploration work to confirm gold and silver values on the property is planned pending additional financing.
The USGS’ fact sheet entitled Regional Geologic, Geochemical, Geophysical, and Mineral Deposit Data for Economic Development in Alaska in the 21st Century confirms the immense base-metal resources of the Seward Peninsula: “Since the gold rush of the late 19th century, it has been recognized that the mineral endowment of the Seward Peninsula, Alaska, is considerable. The well-known placer gold operations have had significant historic production and continue operating to this day. Lode gold production has also occurred. The potential for base-metal deposits (Pb, Zn, Cu) has attracted exploration to the peninsula for decades, but the extent of that resource is unknown. Scattered across the Seward Peninsula, in an area 150 x 200 km, are numerous prospects and occurrences of stratiform massive sulfides.”
Linux also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. The claims are located only six miles from Kinross’ Fort Knox mill. Linux has a 50/50 joint-venture with Teryl Resources Corp. (TSX.V:TRC) in the Fish Creek claims, in which Linux will spend US$500,000 on the project over three years. Linux Gold Corp. retains a 5% net smelter return or may convert into a 25% working interest. The Fish Creek claims are part of Teryl’s Alaskan holdings, which also include the Gil Project, the Stepovich claims, and the West Ridge property – all in the Fairbanks Mining District. Teryl is one of the main landowners in the district, with holdings contiguous to Kinross’ Fort Knox Project. According to Kinross’ Fort Knox Mine technical report, “the Fairbanks mining district is a celebrated placer gold camp with production in excess of 8.0 million ounces of gold since 1902. Although a significant mining district in terms of total production, it had only limited lode production until the discovery and development of the Fort Knox deposit in the late 1990s.” Fort Knox is the largest producing gold mine in Alaska, with a 4,000,000 oz Au ore reserve.
Linux and Teryl share something else – their president, CEO and chairman of the board, John Robertson, who brings an extensive business, mining and marketing background to both companies.
Management has diligently set about acquiring strategic properties near some of the world’s major producers in an area known for its world-class reserves and its mining-friendly political environment. This approach has yielded some great results so far, given the fact that it has been able to forge close ties with Kinross at Fish Creek.
The company is remarkably well-diversified in terms of its property portfolio, with projects near major former and current producers in Alaska, Arizona, China and Canada. Its accessible price point and Bulletin Board status make it especially attractive to American investors who wish to position themselves early on in the drilling stage in order to maximize their chances of seeing major-league near- and mid-term appreciation. With some good drill results we could well see Linux hit a grand slam.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Darren Winters And Win Investing The True Winners
This is a review of Darren winters win investing. I have somewhat of a hard knocks approach to life and believe that good things do not come easy and very good things will damn near kill you too achieve. Unfortunately, According to Darren winters and his win investing course, you will be able to master s the working of share dealing in a 2 day weekend course where you learn his entire share dealing secrets. I for one find it pretty difficult to believe that doing anything for just 2 days will make you an expert and Darren winters share dealing course is no exception. So with all these thoughts going on in my head I attended his 3 hour seminar with my girl friend who knows nothing about shares.
My first thoughts would be that this would be a general introduction to share dealing and a light glossing over of his tactics. So I sit down with my girlfriend expecting to see Darren Winters himself. No such luck was a different speaker, that's fine I think.
We get handed over this piece of paper detailing the price of this 2 days course, very brave I think showing the price before the speaker actually talked, as I thought some people already left the hall (Darren Winters your losing them I think).
The speaker then starts spending about 10 minutes on what shares are and then literally goes on a 2 and a half hour sales pitch. The core of his sales pitch was how many millions you could potentially make, with the win investing 2 day course.
In addition, at the end he offered a free a free disk containing some share dealing secrets, but suspicious this was offered to a person who signed up for the deal in the lunch time break. I for one was not impressed at all with the proposed win investing course.
I have dabbled in shares and currency trading myself, and believe that Darren winters is not a world renowned trader, I would hazard a guess that he makes most of his money through training and not share dealing.
Also, dealing in shares is not a get rich quick activity and I certainly believe that nobody has made millions using Darren winters course. It takes years to master the technical and fundamental elements of a trade.
Not forgetting the most important part of being a trader, which is psychology, these aspects where not touched upon in the sales pitch which was more focused into tapping into people's greed and desperate desire to have a better life.
In my opinion, if you have a spare couple of grand I would much prefer it if you gave it away to a charity as you would properly get a better return and feel good about yourself. If you want to know more about share dealing the right way stay clear Darren Winters win investing and invest in some quality books.
My first thoughts would be that this would be a general introduction to share dealing and a light glossing over of his tactics. So I sit down with my girlfriend expecting to see Darren Winters himself. No such luck was a different speaker, that's fine I think.
We get handed over this piece of paper detailing the price of this 2 days course, very brave I think showing the price before the speaker actually talked, as I thought some people already left the hall (Darren Winters your losing them I think).
The speaker then starts spending about 10 minutes on what shares are and then literally goes on a 2 and a half hour sales pitch. The core of his sales pitch was how many millions you could potentially make, with the win investing 2 day course.
In addition, at the end he offered a free a free disk containing some share dealing secrets, but suspicious this was offered to a person who signed up for the deal in the lunch time break. I for one was not impressed at all with the proposed win investing course.
I have dabbled in shares and currency trading myself, and believe that Darren winters is not a world renowned trader, I would hazard a guess that he makes most of his money through training and not share dealing.
Also, dealing in shares is not a get rich quick activity and I certainly believe that nobody has made millions using Darren winters course. It takes years to master the technical and fundamental elements of a trade.
Not forgetting the most important part of being a trader, which is psychology, these aspects where not touched upon in the sales pitch which was more focused into tapping into people's greed and desperate desire to have a better life.
In my opinion, if you have a spare couple of grand I would much prefer it if you gave it away to a charity as you would properly get a better return and feel good about yourself. If you want to know more about share dealing the right way stay clear Darren Winters win investing and invest in some quality books.
Residential Investment Properties As Alternative Income
Lately, there has been an increase in the number of people acquiring residential investment properties. If managed properly, they can provide you with a steady source of income for a number of years, or until you decide to sell.
Residential properties are different from commercials ones in that someone is making a home there. You become the legal landlord, and, therefore, responsible for the upkeep of the property. In addition to keeping the location livable, you must be ready to take care of problems as they arrive.
This may seem daunting for some, but there are reasonable solutions to such common problems.
Unless you are a professional do-it-yourself wiz, your best bet is to hire a management company to maintain and repair the property when problems arise.
This may seem like a hassle at first, but you have to consider the results of keeping a rental home in good repair. No one wants to live in a run down dump. If you don't maintain the building, then no one will want to rent. For you, that means no revenues from your investment to pay for the mortgage due every month no matter what. Additionally, you want to
keep the property in good repair because when you decide to sell it, you want it to have appreciated.
When you decide that you are going to assume ownership and care of a residential investment property, be prepared to commit yourself 100%. It takes time and sometimes your personal money to keep the property generating revenue. The money that the rental makes should pay for its maintenance at the very least. Ideally, it will also return a profit.
You can expect two types of revenue from your investment: yield and capital gain. The yield is what you can expect from rent annually. The capital gain is the appreciation value once you've resold the property. Keep in mind that high yields usually generate low capital gain
and high capital gain generates a low yield. For your investment to be the most profitable, you should try to balance these two revenues.
Committing to the responsibilities of a rental is the first step towards getting that
lucrative real estate site. The next major step is getting financed. Most people looking to invest in a rental property don't have the ready cash for a down payment. There are a multitude of means you can pursue to get financing.
Residential financing is different from commercial financing because of the nature of the business. The profit is not expected to be in the hundred thousands or millions and the mortgage terms are usually long term. This creates diversity in the market, allowing you to have greater control over payment options, interest options and term length options.
Additionally, if you own a home, you can secure a home equity loan to cover your down payment.
As a residential investor, you have the potential to turn a nice profit. Your success depends on how much time and effort you are willing to commit to the project as well as how you secure your finances. If you manage these things correctly, the likelihood of your success improves.
Residential properties are different from commercials ones in that someone is making a home there. You become the legal landlord, and, therefore, responsible for the upkeep of the property. In addition to keeping the location livable, you must be ready to take care of problems as they arrive.
This may seem daunting for some, but there are reasonable solutions to such common problems.
Unless you are a professional do-it-yourself wiz, your best bet is to hire a management company to maintain and repair the property when problems arise.
This may seem like a hassle at first, but you have to consider the results of keeping a rental home in good repair. No one wants to live in a run down dump. If you don't maintain the building, then no one will want to rent. For you, that means no revenues from your investment to pay for the mortgage due every month no matter what. Additionally, you want to
keep the property in good repair because when you decide to sell it, you want it to have appreciated.
When you decide that you are going to assume ownership and care of a residential investment property, be prepared to commit yourself 100%. It takes time and sometimes your personal money to keep the property generating revenue. The money that the rental makes should pay for its maintenance at the very least. Ideally, it will also return a profit.
You can expect two types of revenue from your investment: yield and capital gain. The yield is what you can expect from rent annually. The capital gain is the appreciation value once you've resold the property. Keep in mind that high yields usually generate low capital gain
and high capital gain generates a low yield. For your investment to be the most profitable, you should try to balance these two revenues.
Committing to the responsibilities of a rental is the first step towards getting that
lucrative real estate site. The next major step is getting financed. Most people looking to invest in a rental property don't have the ready cash for a down payment. There are a multitude of means you can pursue to get financing.
Residential financing is different from commercial financing because of the nature of the business. The profit is not expected to be in the hundred thousands or millions and the mortgage terms are usually long term. This creates diversity in the market, allowing you to have greater control over payment options, interest options and term length options.
Additionally, if you own a home, you can secure a home equity loan to cover your down payment.
As a residential investor, you have the potential to turn a nice profit. Your success depends on how much time and effort you are willing to commit to the project as well as how you secure your finances. If you manage these things correctly, the likelihood of your success improves.
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