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Author Topic: MAG SILVER and ROCA MINES
paulbest
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2 good piks here. Mag for some reason took a big drop last week, today she started to climb. Tomorrow may be the last good day to jump in. Silver is at 13.50 and I expect it to go over 25 this yr. Forget all those $12 forecasts some predicted. its past that now.
Mag has very rich land. Ck out their site.
It might do a Silvercorp "thing".
Also Roca Mines.
Ck out the yahoo quote and the Roca site. It will be the only NEW producing molybdmin (sp) mine thsi yr. New prodcer that is.
+ now here's the kicker, eventually they will come out with news of their massive sulfide property.
Selling at 60 cents CAN, my projection...hard to say but you should do very well.
News today, 2 engineers joined to manage the Max Moly property.
Breakout soon.

Firestone may have yet more to go, as they have uranium and a gold property. Both reportedly very rich properties.
What the heck is going on with Dia Bras, I have lost all faith.
But I was told they will announce the acquisition of a gold/silver property. Still the stock has not performed at all in comparison.
Also don't forget Nickel stocks.
First Nickel , Nuinsco. Not many Nickel stocks.
Also in uranium, look at CanAlaska. Lots of properties.

Paul

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paulbest
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Also keep a close eye on Westcorp, WSCE.ob.
10K just out today.
Joint venture with Elycrack + Flowstar gas gauges.
I think its at a low.

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Frank Richards
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Wow Roca Mines(ROK) hit $0.70 and looks like it has momentum. Roca Mines will probally be one of best investments in the next 6-8 months.
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Frank Richards
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I like your CanAlaska pick too. I had it on my watch list a long time ago and forgot about it, wish I didn't though.
You should check out Vast Exploration (VST) they have a large land base and actually secured a rig.

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paulbest
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Well Roca has the only moly mine up N runnin for late 06 production in north america.
Moly price will rocket.
+ they have a massive sulfide to drill on.
Near the Eskay camp.
Vast is oil/gas small cap canadian.
i was into every can oil/gas junior for 2 yrs.
They have no gains in 6 months.
that is about to change.
Look at Find, FE.to, also GENTRY and GRAND.
Look at oil and gas prices, both up, up and away.
Look at Gentry and Grands prices.
Even.
Both very strong buys.
Yes Canalaska will rocket very soon.


Paul

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paulbest
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Mag last week at 2.10, now at 3.10.
Not a bad pick eh?

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paulbest
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quote:
Originally posted by Frank Richards:
Wow Roca Mines(ROK) hit $0.70 and looks like it has momentum. Roca Mines will probally be one of best investments in the next 6-8 months.

Frank think about it. If and when the Trancanada pipeline and the pipelines from alaska to the usa are built, how much molybdium will be needed?????????

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Frank Richards
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I didn't even think of the pipelines. When you add the pipelines into the mix molybdenum should climb much higher and with Roca Mines fast tracked approach it should be a big winner.

Here is an article written by a analyst with no connection to Roca Mines.

MOLYBDENUM
Pipe Dreams or Reality


Pipe dreams? A pipe dream is exactly what the majority of the hoard of junior mining companies are chasing if they believe they have the next world class "Primary" Molybdenum mine. Like being late at the bunkhouse dinner table, the first to arrive get seated and fed steak and the latecomers get cold beans and crackers. Worldwide Oil & Gas Pipelines are going to have a very important impact on the one or two Moly juniors that do become world class mines in the next two years. I found a newswire headline capturing my attention and soon had numbers running across my calculator that were so mind numbing that I had to redo the calculations 4 or 5 times to be sure of what I was doing and seeing.

"Alaska Pipeline" 3600 miles of 52 inch dia, thick walled, high pressure pipe. 10,000,000,000 lbs or more of pipeline Steel. (5 to 6 Million T of Steel needed in all, for the entire pipeline) If the billions number doesn't get your attention it sure got mine after I turned tons into pounds. Not yet knowing the exact specifications called for on this project I used the old rule of thumb for high pressure gas pipelines whereby 0.5% Mo content has been utilized.

Alaska, Energy Firms Agree On Pipeline

By MarketWatch
Last Update: 11:47 PM ET Feb 21, 2006

SAN FRANCISCO (MarketWatch) -- .Alaska has reached a tentative agreement with three of the world's largest energy companies to build a new pipeline to transport natural gas from the North Slope to the lower 48 states, Gov, Frank Murkowski's office said Tuesday. The agreement with the North Slope's major oil and natural gas operators - BP Plc.

When the pipeline is completed, no earlier than 2012, it could transport 4.5 billion cubic feet per day from the North Slope primarily to Chicago for distribution throughout the United States, The Wall Street Journal reported in its online edition. See Wall Street Journal story (subscription required) The agreement hinges on a massive engineering project - building a 52-inch-diameter pipeline from several hundred miles above the Arctic Circle to the U.S. heartland - and the Alaska Legislature accepting both the deal and Murkowski's proposed changes in the state's oil production tax structure.

The pipeline was estimated in 2001 to cost at least $20 billion, but steel prices have risen dramatically since then, and no steel company currently makes a 52-inch pipe, The Journal said. BP, Exxon Mobil and ConocoPhillips have storing natural gas extracted from oil wells while they've waited for a pipeline and financial terms acceptable to the oil giants.

An Alaskan state agency filed an antitrust suit against BP and Exxon last year, claiming the companies were conspiring to withhold gas from U.S. markets by not building a pipeline. The federal government has estimated there may be 100 trillion cubic feet of gas, equal to U.S. demand for five years, in North Slope fields, The Journal said.

Murkowski's office reported on the state's Web site that the governor's proposed tax system would be based on a percentage of the net profit, or revenues minus capital and operating expenditures. Under the system, the producers will pay a 20% tax rate and receive a 20% tradable tax credit, Murkowski's office said.

Tax revenues would be lower when initial large capital investments are made and, consequently, higher as the production increases, according to the governor's office.

Subsequent to reading and absorbing this news release I started thinking about the vast amounts of Molybdenum that would have to be used in alloying these billions of pounds of steel, adding the necessary strength and anti corrosive qualities that all Oil and Gas pipelines must have, especially in high pressure lines such as this 52 inch diameter behemoth. The impact on the Moly market of just this one massive pipeline I realized would be huge. Now consider that the average low pressure crude or refined oil line uses from 0.2 to 0.3 percent Mo in the alloying of the steel for the pipe. From what I can ascertain so far from the pipe and metallurgical people I've spoken with, this line will invariably use 0.5 percent Mo due to extreme pressure (2500 psi) from 24 pumping stations and approximately 1.2 to 1.4 Million horsepower needed to push the product from Alaska to the Chicago hub. Then it was back to the calculator because at first, 0.5 % Mo did not sound like one should get overly excited, even if you are involved in the Molybdenum market. "Wrong" This percentage may not mean alot if we were dealing with a couple hundred miles of pipeline, or even a million pounds of steel. When it came to ascertaining what it translated into in terms of 10 Billion pounds of steel it is extremely exciting. At 0.5 % Mo content, the huge quantity of pipeline steel to be smelted and formed would use approximately 50,000,000 pounds of Molybdenum.

50 M lb of Mo represents as much Moly as some primary Molybdenum mines can and will produce over the course of 4 or 5 years. This will undoubtedly be one of the largest private construction projects that North America has ever seen and it will invariably require Steel and or Pipe fabrication from other parts of the world. Possibly even some of the needed Molybdenum may also come from abroad, as much of future North American Moly production is already forward sold and contractually spoken for by various traders and end users in world markets.

Now for the grand finale in the reality of this Pipeline of dreams. It is also noteworthy that there are planned and on the drawing boards or in construction for 2006 over 81,000 miles of Oil and Gas pipelines worldwide. Granted most of them will only use 0.2 or 0.3 % Molybdenum alloy, BUT, that is still one phenomenal amount of Molybdenum and I really have to wonder why I often read how various pundits and analysts tell us that Molybdenum demand is about to tumble. To that end all I can simply advise, is do some more homework, it isn't going to happen anytime soon, especially when you take into account all the other uses like the Catalyst market for Crude refineries, as well as NG, CTL, & GTL plants and all else I have addressed in my previous editorials. Accredited analysts in the metals markets give little to no coverage of Moly in their prognostications and eventually they and their followers will find they have missed the action and financial rewards in a big way.

Here's a little proof of the world pipeline stats for you:

Publication: Pipeline & Gas Journal
Publication Date: 01-JAN-06
Format: Online - approximately 3114 words
Delivery: Immediate Online Access
Author: Tubb, Rita

Article Excerpt
The pipeline industry, a truly international business, is gaining more importance as natural gas markets expand globally. These trends are strongly reflected in P&GJ's 2006 Worldwide Pipeline Construction Survey which shows 81,593 miles of new and planned oil and gas pipelines are either under construction or planned.

This relationship between pipelines and Molybdenum has not gone unnoticed by everyone either, lest I mislead you with my distrust of many analysts reports. From North of 60 Mining News. Apr /05

MINING NEWS: Natural Gas Pipelines Could Hold Promise For Molybdenum Miners

The multi-billion dollar plans for northern gas pipelines could generate some profitable spin-offs in the mining sector. The Arctic lines will create a heavy demand for molybdenum, which enables high-value steel alloys to withstand extreme temperatures and pressures.

Things aren't always as they seem, and as some often like to tell us, Molybdenum is an opaque and secretive market. No one wants to let the goose that laid the golden egg out of its cage for all to see and yet it already is. The worldwide Oil & Gas boom and for lack of a better phrase the "Energy Bull Market" won't be going away anytime soon, and as I have outlined a few times in previous reports "every aspect of this long term energy scenario places large demands on Molybdenum".

Keep the pipelines rolling along, the Moly miners, Iron miners and Steel companies are ready for the years of good fortune ahead as well.

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Frank Richards
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Correction
He is a consultant for another company, not a analyst.

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paulbest
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Frank very good research. Noobies should take note this is what DD is all about. This kind of homework can bring success to your accounts.
I guess noobies may think, well if Roca is so valuable as a moly mine, why then has not price of the stock eisen according to its true value, with future potential earnings??

Kepp in mind quite often the major investors are slow to react, you need to recognize true va;ue BEFORE the major investors make their move.
Roca is slowly climbing as we write. Its about to have a few miror spikes this montha s the mine moves ever closer to news of the opening date.
In fact we need a much better position at the moment. The latest news did cause some increase in the rise, but also the fact that I posted Roca here on allstocks has had some influence on vol.
Frank consider this. We all know that zinc, copper, nickel, silver, gold, uranium are all about to see big jumps in the next few yrs as demand outstrips supply by a wide margin. Zinc inventories are about to run completely dry in the next few months. Uranium will most likely see the biggest gains in the comming yrs and those stocks are also way undervalued.
But if you look at how many mines of each metal there are, molybdenum may be the LEAST common metal mined.
How many molybdenum mines are there in the world??
Other big molybdenum deposits may be yrs away from being mined. Roca is the only one on "fast track".
I won't give any 12 month projection on Roca, but I'd say it will be one of the big stars in the comming 12 months/less.

Frank, keep in mind all the molybdenum that will be needed to build the pipes in all the new upcomming LNG terminals here across north, south, and central america. !!!!!!!!!!!

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BCmouser
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Paul - a good comparison for MAG silver would be SBB, Sabina Silver. Look at Sabina's 43-101 report fom Hackett River ,( never mind the other properties) and then add in the 4 million shares of WLF. Tell me what you come up with in comparison to MAG.

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paulbest
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Yeah Mouse. from just glancing at Sabina, looks to be a better pic than Mag. The chart looks healthier as well. More stable.
Thanks. What do you think about Roca. Keep in mind how much molybdenum the world will need in 2007 for pipeles. So few new moly mines opening up. Moly prices will rocket.

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wiseoldman
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Just put in an order to acquire a small position in this to start.....info from their website looks good for long term....i am optomistic for a 100 percent increase in less than one year.....and if it goes down with a downturn in commodities i would most likely purchase more...good eye paul and goooo MAX moly

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paulbest
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quote:
Originally posted by wiseoldman:
Just put in an order to acquire a small position in this to start.....info from their website looks good for long term....i am optomistic for a 100 percent increase in less than one year.....and if it goes down with a downturn in commodities i would most likely purchase more...good eye paul and goooo MAX moly

Hi Wise
Yes if you study Roca's Max mine, this has tremendous upswing potential.
As Roca wonders, "what lies underneath the surrounding mountain, outside the core Max deposit????"
I realize Jason Hummel has high regards for Idaho General, and now he just added Adanac to his moly picks. But if you comapre Roca, you'll see they as well will produce moly at $2.50-$3.00/lb, atad lower that Adanac and Idaho. This is due to Roca's super rich core depoit that they will bring out first, for quick high cash flow. Sure that is only a 200K ton grading at 1.9%. But that alone will keep then busy for ayear. In the meantime they will take a look further into what lies beneath and beyond the core drilling.
Could be a motherload.
Keep in mind 2 things about Roca. Take a look at the management and the new additions in mine management.
Don't lose sight of their Eskay holdings. Possible rich volcanic deposit, rich in metals.
"double in one yr"....Way too conservative.
I see ++..+.
Look at the 3 molybdnum price charts found only on Roca's site.
Read those 3 charts correctly if you will. Consider where the entire metal market prices have come from, are at present, and are going to.
Now look at moly. ...Add it up...moly is about to do what uranium is doing.

Paul
Baton Rouge

Paul

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BCmouser
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I like Roca mines - that one and GPXM/WEX will be the quickest to produce moly IMHO. GPXM probably will be bagging moly this fall and ROCA perhaps by the end of 06.AND moly prices going forward should remain very strong. Really there hasnt been enough supply to keep up with the voracious ASIA demand and now with talk of these huge pipelines I cant see moly prices going downward in the near future unless some huge mines come on line and roasting capacity is invreased.

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paulbest
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Hey BC
You know your mining stocks I see.
My father has been into mining stocks for decades. But is up in age and missed amny opportunities...namely BAJA that you talked about. He always mentioned Baja for the past 5 yrs...but failed to buy any...I see it went the route of all mining stocks, 50 cents to $2. ....He missed it....I got in on Firestone at 25 cents, went to 70 cents, again my father is not a tarder he holds no matter what. He sold off no shars.....He buys and holds for yrs...he is finally lstening to me and seeling some Breakwater and putting it into Canadian Zinc.....I do not know GPX nor WEX.I'll look both up.
,,,Yes Moly will go up, Roca stands to have several spikes in price this yr. We are in and holding 200K shars.....What the heck is going on with Dia Bras, we are about to dump the whole thing....I wondered why the president called my house...to pump his company...its A dog...zero movement...we are out soon....I need a good copper pick, got any? we missed out on taseko, a stock i first followed 3 yrs ago..but missed keeping an eye on. ...Look at Nickel price/inventories...do you like First Nickel?

Paul

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BCmouser
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Baja is still the best copper pick, IMHO since copper production costs will be zero , given the zinc and cobalt credits. This last pullback was a great buying op and price will rebound quickly IMHO.
FNI is another good pick but nickel not a metal I follow closely.
You really should look at WEX - it is a lowfloat special. Only 11 million shares O/S and nearly half held by insiders. I have about 50,000 shares of it. Moly production from Ashdown set to begin in the next month or so from their 1000 ton bulk sample. They are digging into the Sylvia vein , initially which has grades between 5% and 10% Moly. At 5% the rock value is about 2500.00US$ per tonne.
Hard to find a mine ready to go with that kind of rock value. JMHO
Good website at GPXM on ASHDOWN.

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paulbest
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BC did you say 5% moly. Are you sure? Never in my life have I heard of such figures..Roca is the best I've heard at 2%. Most are like 1% less Moly/ton.
I'll look into it though.
Baja does indeed look good at copper production riding free on zinc/ cobalt production.

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paulbest
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WEX as in Win Elderich?? WEX.V?
I see no web link on yahoo, no 3 month chat, no news.
Links please. Thanks

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paulbest
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BC you are correct, Roca will not move until say....July/August....Keep posting good mining piks.
btw what happens to zine prices this summer when the wherehouese are empty. Does the price hold at a certain level or what?

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BCmouser
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Nope zinc prices wil continue to rock- it is supply /demand - same as moly . When the supplies run out the price goes up. ANd Wex /GPXm - here is the blurb from molyseek.com:
Win-Eldrich Mines (TSX-V: WEX) A Molybdenum & Gold Story – Low Profile; High Potential
Written by Peter Spina
Thursday, 02 March 2006
What is the metal garnering the title of “the newest precious metal” and why is it attracting so much international attention? It is called Molybdenum, and is utilized in many different applications such as corrosion resistance and strengthening of stainless steel [read more about moly at www.MolySeek.com]. With all of the construction occurring on an international scale these days, Molybdenum, or “Moly” as it is often called, may be in high demand for quite some time due to the diversity of special situations for which it is required.

The price has risen off a floor of $3.00 US per pound over the past few years to where it is now, which is approximately $25.00 US per pound. That is an 800% increase! The price moved to nearly $40.00 US per pound in 2005 and there are many professional analysts who believe it will remain in the $20-$30 US per pound range in 2006. Many believe that strong demand will continue to keep prices elevated in a manner similar to what we are witnessing in other commodities.

In this report, I will be reviewing a junior mining company specializing in Molybdenum. This is a company that I personally consider to be an undiscovered gem which is all the more surprising given the fact that Moly in general has received such fanfare.


Win-Eldrich Mines, based out of Toronto, Canada, is truly an exciting story based partly on the fact that over the past several years there has been so much anticipation revolving around its flagship property in Ashdown, Nevada. The Ashdown Property, as it is commonly known, is just beginning to gather steam in the first quarter of 2006 because it is both a gold and a moly play. However, it is arguably the richest (not the largest) Moly deposit in the world and so that is where the emphasis is currently being placed. WEX is now within several weeks of participating in a 1,000 ton bulk sample program, which will then lead to full production upon final permitting. Ashdown has every probability to become a “cash cow” for both Win-Eldrich and its joint venture partner and operator, Golden Phoenix Minerals (GPXM). This is excellent news for investors of both companies.


The Ashdown Project is located in Humbolt County in Northwestern Nevada and consists of 101 unpatented mining claims covering approximately 3.15 square miles. The location was mined over the last century by various operators producing approximately 50,000 ounces of gold at 0.35 ounces per ton (opt). After Win-Eldrich obtained the Ashdown property several decades ago, in excess of $8 million in exploration and development has been spent developing a resource base consisting of high-grade Moly grading:


146,000 ton resource of 2.9% Moly

1 million tons at 1% Moly

The initial target for production is a section of the Ashdown’s Sylvia vein. It is said to be a 200-foot long deposit calculated to contain 21,550 tons of ore averaging 8% moly, before dilution.

How does a 2.9% moly grade sound to you? Compare this to other moly deposit grades and you will quickly see that we are looking at what may be the richest grading moly deposit! Dr. Robbins published an independent analysis on Golden Phoenix recently and put it into this perspective:


“In fact, the ore is so rich in moly content that it will take 59 truckloads of Adanac’s richest ore and 68 truckloads of Idaho General’s richest ore to equal the value of just one truckload of ore from Ashdown. Now that is impressive.”

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BCmouser
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A,little more on WEX:
Highlights:
If we complete a quick summary of WEX, several prominent factors come to light.


Share Structure: Just over 11 million shares outstanding

Total float is estimated to be just a few million shares
Balance Sheet: No Debt – Small cash horde.
Market Capitalization: Just under $10 million US!
40% Participation in Ashdown
Golden Phoenix holds 60%

Management has to be commended for their ability to keep Win-Eldrich afloat during difficult times and keeping share dilution to a minimum. With just over 10 million shares outstanding, a considerable amount of those in firm hands, Win-Eldrich Mines has one of the most attractive and “investor friendly” share structures I have encountered in quite some time.


Balance Sheet. Win-Eldrich has a clean balance sheet. I am estimating that with the recent moly stock pile sales from the Ashdown property, they should hold a small cash position. In other words, Win-Eldrich has very minimal debt.


Market Capitalization. Around $10 million dollars, this appears to be extremely undervalued when you compare this to Golden Phoenix Minerals, now sporting over $60 million market cap with Win-Eldrich around $10 million and the potential earnings from production at Ashdown.

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The Mouse

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paulbest
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BC
good work, very impressive the truck load comparison.
I'm switching my money from Roca to WEX.
"best kept secret in mine stocks" Yes?
I know most of the bull runs are just about over for awhile, things are settling down abit, near term. Please keep in touch on any new finds, my research is about out of good new leads.

If you llok at Roca's web site and see the moly charts, you'll see its ready to make another move.
No wonder Roca is not moving , everyone is pulling out of Roca going to WEX.

Paul

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BCmouser
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Hardly any volume for WEX yet- certainly dont think ROK shareholders are switching. If you look at the monthly volume for the two- ROK has boatloads more trading happening and this is due to more exposure. One knock on WEX is the management which does really nothing for PR. That article of Peter Spina's on molyseek was done independently and WEX's PR department ( if they have one) had nothing to do with it. I chatted with Peter Spina about that.
SO this one really is under the radar. As you probably now know GPXM owns 60% of the production from ASHDOWN and WEX owns 40%. However GPXM has been financially responsible for bringing the property to production and they should be commended for the great job so far. But really they ACCUMULATED a lot of debt and WEX has none.
GPXM's market cap is around 73 million US
WEX still trading at quite a discount as their cap only about 24 million US.

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The Mouse

Posts: 443 | From: Valemount | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
paulbest
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Excellent BC. You do good homework.
If Jason Hummel posts a note on WEX, the stock will triple, as did Idahoe General.
I hope he does not bring attention to WEX. I need to get a position first. Anyway, I'm not sure if he could make mention of WEX, as he already made Idahoe his top moly pick. Wouldn't look good if he changed his tune in the middle of the song.

Paul

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Do not invest on any of my suggestions

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BCmouser
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Paul , you want to look at CloudbreaK Resources
CDB.v - apparently they have a report coming up and my sources say the reserve estimate will surprise to the upside. Expect this one to pop up 50% I have done very liitle dd on this one as I just received the tip, But i do believe it is a copper , moly play in Turkey.

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The Mouse

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paulbest
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BC, U da man, so I'll follow you.
Keep em comming.
What the heck happened to Gammon Lake, she's run out of steam. I told my father to DUMP, now.
btw ck out Firestone. Not only that zinc deposit, but she's got uranium and gold.
which uranium stocks you like.
ESO?
Purepoit?
Canalaska?
Magnum?

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BCmouser
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I like ESO,and Purepoint- dont think FV has all that much , recent runup was the high IMHO. Gammon Lake will likely bounce back but I cant remember the properties offhand but will refresh my memory.

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BCmouser
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Ah yes Gammon Lake -main play is in Mexico - gold and silver production at about 300,000 ozs per year gold eqiuv. , Gotta like that, but valuation is up there. 80 million or so fully diluted at 17.50 per share gives them a cap of 1.4 billion.
I think I would buy CMM ahead of them. They will likely do 200,000 oz per year gold within the next 18 months , are virtually debt free and market cap is around 150 million.
Is Gammon Lake worth 10x CMM ??

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The Mouse

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