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Author Topic: My Canadian micro cap stock picks
Frank Richards

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My 2 Canadian micro cap stock picks are;
Roca Mines Inc(ROK)TSX-V Market Cap=27 million
Vast Exploration(VST)TSX-V Market Cap=9 million

Roca Mines is a molybdenum mining company. They have a Permit for the development and operation of an underground mine and onsite concentrator. The Company intends to fast-track initial development of a 500 tonne/day mining operation that would produce up to 72,000 tonnes/year on a campaigned basis. Initial production will focus on the "HG" Zone, including an estimated 260,000 tonnes ("measured") grading 1.95% MoS2 hosted within the larger MAX deposit comprising 42.9 million tonnes ("measured" + "indicated") grading 0.20% MoS2.
The Company's strategy to fast-track a high-grade mine, is intended to minimize the lead time to production and reduce initial capital costs. The use of existing production-sized underground access to the deposit will be maximized. Expansion of the proposed 500 tonne per day mine and mill will be guided by molybdenum prices in late 2006 and in 2007.
Management is currently evaluating its various financial alternative towards rapid development of the underground mine and onsite mill, estimated at a total capital cost of US$15 million.
Roca's market cap is as big as the profits they could make on this mine next year.

Vast Exploration is a oil and gas company that has a large land base of drilling prospects. Many of the prospects have been farmed out with no cost to Vast Exploration and the one area that hasn't been farmed out has a history of large oil production.

What's your thoughts on these 2 great companys.

Posts: 24 | From: Winnipeg | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator

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