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Dhanoa Minerals Projects Annual Revenues of $170 Million by Second Year of Production May 29, 2007 8:00:00 AM Copyright Business Wire 2007
TORONTO--(BUSINESS WIRE)--
Dhanoa Minerals Ltd. (OTCBB:DHNA) (FRANKFURT:D7Z) announced that it has completed a resource extraction estimate for its three mines in the Bella Rica region of southern Ecuador. First year production (ending in June, 2008) is expected to be approximately 100,000 ounces of gold, generating revenues upwards of $68 million, with gold at $680 per ounce. By the end of year two, production is projected to reach 250,000 ounces of gold per year.
The three operating mines (Bonanza, Guanache and Mollopongo) sit on the western end of the Ecuadorian metallurgical gold belt, which holds over 10 million ounces of gold.
Even if gold remains at its current price, Dhanoa management is confident that the Company will generate gross revenues of no less than $170 million each year after year two of production. However, since the price of gold is predicted to increase, Dhanoa's revenues could be correspondingly higher.
"Dhanoa has reached a significant milestone in production, and we're very excited about the prospects for the next two years," says Mr. Lee Andrew Balak, president of Dhanoa Minerals Ltd. "With the current price of gold and our vast reserves, our revenues will be considerable."
About Dhanoa Minerals Ltd.
Dhanoa is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are forward-looking statements that involve risks and uncertainties. Actual results may differ materially from any forward-looking statements due to many risk factors which include, but are not limited to, no operating history and no earnings, reliance on the Company's management team, the ability to successfully implement the Company's business plan, the ability to fund the Company's business strategy, competition and general economic conditions. Reference is made to our filings made with the United States Securities and Exchange Commission. This news release is not intended for Canadian Investors.
Source: Dhanoa Minerals Ltd.
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Dhanoa Minerals Ltd. Corporate Headquarters Lee Andrew Balak 416-838-4348 or 416-742-6579 www.dhanoaminerals.comPosts: 2473 | Registered: May 2006
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Anyone interested in receiving alerts regarding Dhanoa Minerals Ltd. research should email members*beaconequityresearch.com with "DHNA" in the subject line.
In the report, the analyst writes, "Dhanoa owns a 100% interest in two adjacent mineral projects in Canada - Close-Allies I and Close Allies II. In addition, Dhanoa holds an 80% interest in an Ecuador mining company, Promenasa. The Company also recently acquired four properties that are part of the Bonanza Project in the Bellarica gold mining camp in Ecuador. These are gold producing mines and Dhanoa plans to significantly increase production by upgrading extrac-tion operations."
"Dhanoa anticipates production at the end of its first year (ending June 2008) to be approximately 100,000 ounces of gold. At recent gold prices, the value of 2008 production would result in approximately $68 million."
Other companies in the beef snack market include Barrick Gold Corp (NYSE:ABX), Gold Corp (NYSE:GG) and Newmont Mining (NYSE:NEM).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Dhanoa Minerals Ltd. (DHNA). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated a total of twenty thousand free trading shares from a non-controlling third party (European American Investments) for enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Dhanoa Minerals to be Featured in EQUITIES Magazine Wednesday May 30, 4:10 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--May 30, 2007 -- Dhanoa Minerals Ltd. (OTC BB:DHNA.OB - News)(Frankfurt:D7Z.F - News) announced today that it will be featured in the next issue of edition of EQUITIES Magazine-the leading publication on the small and mid-cap markets- to be out on June 1. A special edition mining issue, the issue will feature Dhanoa Minerals alongside other emerging mining companies. "We are very pleased to be covered in the next issue of EQUITIES Magazine," said Mr. Lee Andrew Balak, president of Dhanoa Minerals, Ltd. "We are proud of our company and believe that investment savvy readers of EQUITIES Magazine should respond to our exciting story." ADVERTISEMENT
Readers of EQUITIES magazine include stockbrokers, fund managers, analysts, corporate executives, as well as retail and intuitional investors. The magazine is available at Borders, Barnes & Noble, Books-A-Million and other major bookstores as well as hundreds of newsstands nationwide.
Posts: 869 | From: Az | Registered: Sep 2006
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gm Tim we´re gapping again 1.35x.1.36 looks good but there is big resistance ahead around 1.40/1.45 let´s see what´s gonna happen...
Posts: 2473 | Registered: May 2006
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SmallCap Sentinel: Revelations of Revenue May 31, 2007 9:35:00 AM 2007 *********wire, Inc.
IRVINE, Calif., May 31, 2007 (PRIME NEWSWIRE) -- "When evaluating small cap gold companies, indications of revenue are among the most important insight an investor can receive," stated SmallCap Sentinel analyst D.R. Clark. "These extraction estimates are about as close to a crystal ball as it gets in the junior mining arena."
"To this end, recent news from Dhanoa Minerals (OTCBB:DHNA) would seem to be a positive signal to its investors," Clark added. "Dhanoa announced that it has completed a resource extraction estimate for its three mines in the Bella Rica region of southern Ecuador. First year production (ending in June 2008) is expected to be approximately 100,000 ounces of gold, generating revenues upwards of $68 million, with gold at $680 per ounce. By the end of year two, production is projected to reach 250,000 ounces of gold per year.
A comprehensive research report focusing on Dhanoa Minerals and the gold mining industry has been published by Beacon Equity Research and is available free of charge to the general public. The report will feature detailed information regarding Dhanoa Minerals and address related companies including Kinross Gold (NYSE:KGC), Yamana Gold (NYSE:AUY), and Freeport-McMoRan Copper & Gold (NYSE:FCX).
Registration to access the information is free of charge.
Investors interested in receiving research or alerts regarding any of the companies mentioned should email members*beaconequityresearch.com with "Research" in the subject line.
Beacon Equity Research, LLC is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. Please review the relative disclaimers attached to their reports.
The editors of SmallCap Sentinel & StockUpTicks.com will be on site at the World Gold, PGM and Diamond Investment Conference, June 17 -- 18, 2007. More info is available at GoldShow.ca
To have your company featured in SmallCap Sentinel please email us at sts*marketpathways.com
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor an offer to sell securities but is rather a paid advertisement provided for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor and this report isn't investment advice. SmallCap Sentinel and its parent company Market Pathways do not independently verify or guarantee the veracity of the Beacon report and have been paid a fee of $5,000 for the distribution of this information and other advertising services. Please contact Beacon Equity Research directly for more information about the report, its contents, and/or their services. Additionally, MP and/or its affiliates, associates and employees from time to time may have either a long or short position in any securities mentioned. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding subject companies.
CONTACT: Market Pathways/StockUpTicks Kurt Divich, Editor (702) 396-1000
Posts: 2473 | Registered: May 2006
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right now it´s fighting with resistance at 1.40 i took profit there look for a gapclose around 1.25/26
Posts: 2473 | Registered: May 2006
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Dhanoa Minerals Projects Acquisition Strategy to Result in 300,000 Ounces of Annual Gold Production by Third Year Monday June 4, 8:01 am ET Board of Directors to Vote Upon 3% Dividend to All Shareholders of Record as of June 30th, 2007
TORONTO--(BUSINESS WIRE)--Dhanoa Minerals Ltd. (OTCBB:DHNA - News; FRANKFURT:D7Z - News) today announced its plan to acquire more properties using revenues generated from its three mines in the Bella Rica region of southern Ecuador. ADVERTISEMENT
This aggressive growth strategy has increased Dhanoa Minerals' gross revenue goals to 300,000 ounces of gold production by the third year.
In the first year, production is projected to 100,000 ounces of gold, which, assuming gold is $670 per ounce, translates into initial revenues of $67 million. With the cost of production at $280 per ounce, this translates into impressive gross profits of $390 per ounce, or $39 million annually.
Dhanoa Minerals management previously expressed their goal to generate gross revenues of no less than $170 million each year after year two of production, based on a recently completed resource extraction estimate for its three mines in the Bella Rica region of southern Ecuador.
By the third year, Dhanoa Minerals plans for its current and future properties to produce 300,000 ounces of gold per year, resulting in revenues and gross revenues of $201 million and remains confident that the price of gold is predicted to increase, therefore Dhanoa's revenues could be correspondingly higher.
"We have targeted and embarked on an aggressive acquisition plan to acquire promising properties throughout South America," stated Mr. Lee Balak, president of Dhanoa Minerals, Ltd. "The company plans to finance this strategy by using revenues generated from its Bonanza, Guanache, and Mollopongo mines. Revenues from these properties should be more than sufficient for our expansion goals to be met."
In addition, today Mr Balak stated that the issuance of a 3% dividend for all shareholders of record at the end of the current quarter, ending June 30th, 2007, will be considered at the upcoming Board of Directors Meeting scheduled for June 15th
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Dhanoa Minerals to Generate Additional $6.5 Million in Revenue Over Next 12 Months From Silver Production Tuesday June 5, 8:30 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Jun 5, 2007 -- Dhanoa Minerals, Ltd (OTC BB:DHNA.OB - News)(Frankfurt:D7Z.F - News) announced today that the emerging mineral production company expects to generate an additional $6.5 million in revenue over the next 12 months from the production of silver at its three Bella Rica properties located in southern Ecuador. ADVERTISEMENT
With over 850,000 ounces of gold reserves, the company projects that silver reserves at the three Bella Rica properties are over 4 million ounces. At current market prices of approximately $13 per ounce, with the cost of production already priced in, Dhanoa's silver reserves translates into $52 million in revenues over the life of the mine for the company.
"We have concluded that there are approximately five times the amount of silver reserves at our properties than gold reserves," stated Mr. Lee Andrew Balak, President of Dhanoa Minerals.
Mr. Balak continued, "As previous stated the company projects to produce 100,000 ounces of gold over the next 12 months, resulting in revenue of approximately $67 million. However, today we are very pleased to report the addition of 500,000 ounces of silver production over the next 12 months. From this silver production we should be able to realize $6.5 million in additional revenue not previously projected over the next 12 months."
Over the next 24 months Dhanoa's production capacity is expected to more than double to approximately 250,000 ounces of gold and over 1 million ounces of silver
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Dhanoa Minerals Arranging the Acquisition of New Processing and Refining Plant, "Spanish Plant"; Acquisition to Dramatically Increase Company's Gold Recovery Rate and Production by 40% Wednesday June 6, 8:30 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Jun 6, 2007 -- Dhanoa Minerals Ltd. (OTC BB:DHNA.OB - News)(Frankfurt:D7Z.F - News) announced today that the company has reached an agreement to acquire a new central processing and refining plant. The company believes this acquisition will increase the company's recovery rate at its gold producing properties in southern Ecuador by as much as 40% through the new centralized processing facility known as the "Spanish Plant." This improvement will greatly improve efficiency, eliminate waste and by products, and raise overall production levels, resulting in a direct corresponding increase in the company's revenues. ADVERTISEMENT
The "Spanish Plant" allows for the company to increase its' production significantly due to its capacity to refine greater tonnage of ore, resulting in higher production levels. With the ability to increase production through the "Spanish Plant" Dhanoa Minerals is considering the further acquisitions of neighboring producing mines in the expectation of increasing production through the processing of greater tonnage of ore on a monthly basis.
If there are periods where Dhanoa Minerals is not using the "Spanish Plant" to the plant's full running capacity the company has taken the steps to lease out the processing facility to neighboring gold producing properties for a fee. In addition, Dhanoa will additionally charge a percentage of the neighboring mining company's gold production for use of the processing facility as well. These alliances with neighboring gold producing properties provide Dhanoa with addition and consistent revenue streams and allow operation at the "Spanish Plant" at full capacity on a continual basis. At the present time Dhanoa has a gold recovery rate of approximately 50% of its potential value using its current plant and current methods. However, once the new processing plant is acquired, the company should achieve a 90% recovery rate at a reduced cost. This would substantially increase profit margins, which would be a significant milestone for the emerging natural resource producing company. "With the Spanish Plant, we will significantly increase our production of gold and silver, while reducing overhead and over associated production costs", stated Mr. Lee Andrew Balak, President of Dhanoa Minerals. "This is a significant milestone for the company and an ideal acquisition for us."
Posts: 869 | From: Az | Registered: Sep 2006
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Mr. Lee Andrew Balak, President of Dhanoa Minerals, is the Featured Guest in an Audio Interview at SmallCapVoice.com Wednesday June 6, 10:57 am ET
AUSTIN, Texas--(BUSINESS WIRE)--SmallCapVoice.com, Inc. today announced that a new audio interview featuring Mr. Lee Andrew Balak, President of Dhanoa Minerals (OTCBB:DHNA - News), is now available at SmallCapVoice.com. The interview can be heard here at http://www.smallcapvoice.com/dhna/dhna-5-31-07.html. ADVERTISEMENT
SmallCapVoice.com is a recognized corporate consulting firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.htmlPosts: 869 | From: Az | Registered: Sep 2006
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Revision of Ecuador's Mining Laws to Benefit Dhanoa Minerals Wednesday June 6, 1:00 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Jun 6, 2007 -- Dhanoa Minerals Ltd. (OTC BB:DHNA.OB - News)(Frankfurt:D7Z.F - News) announced to shareholders that the Ecuador has recently revised its mining laws in order to draw more foreign mining companies like Dhanoa to the country. ADVERTISEMENT
The amendments to the mining laws are part of the Ecuadorian government's overall design to increase foreign investment, which has increased substantially over the last few years. The increase has resulted in a boost to the nation's economy and has helped to significantly improve infrastructure and development.
"The government in Ecuador has created a business climate that is very supportive of foreign mining companies," stated Mr. Lee Andrew Balak, president of Dhanoa. "It is a great place to do business."
Some of the recent amendments to the mining laws enacted by the government of Ecuador include:
- Abolishment of the 3% mineral royalty to the government
- Increase of the mining term concessions to over 30 years
- Permit foreigners to hold 100% concessions without domestic partners
- Legal guarantees that secure the right to mine the property after a positive feasibility study has been completed.
- Streamlined the process of advancing from exploration to exploitation stages as well as unifying the stages under one concession.
- De-monetizing its own currency and adopting the U.S. dollar and to restore economic stability.
Posts: 869 | From: Az | Registered: Sep 2006
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Dhanoa Announces Plans for Secondary Offering on the Toronto Stock Exchange Thursday June 7, 1:20 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Jun 7, 2007 -- Dhanoa Minerals Ltd. (OTC BB:DHNA.OB - News)(Frankfurt:D7Z.F - News) today announced its plans to engage a financial institution for a secondary offering and a listing on the Toronto Stock Exchange. The company is currently in discussions with both Canadian and American corporate lawyers who specialize in such secondary public offering. ADVERTISEMENT
The Toronto Stock Exchange is the world's premiere exchange for the mining industry. Some 60% of the world's mining companies are listed on the Toronto Stock Exchange. In 2006, over $11 billion was raised for exploration by Toronto Stock Exchange listed companies.
"A secondary offering on the Toronto Stock Exchange will dramatically increase our visibility within the investment community and the mining industry as a whole," said Mr. Lee Andrew Balak, President of Dhanoa Minerals. "There is no better place for our company to address the public markets than on the Toronto Stock Exchange."
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This one is wanting to trend up again, but everytime it does the bid gets whacked and sales go through below the bid. Posts: 869 | From: Az | Registered: Sep 2006
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