Kaiser says buy Lithic, the kind of fish he adores
Lithic Resources Ltd (C:LTH)
Shares Issued 21,860,819
Last Close 11/15/2006 $0.49
Wednesday November 15 2006 - In the News
John Kaiser, writing in an Oct. 27, 2006, Tracker, says buy Lithic Resources Ltd. at 28 cents, officially a "top-priority bottom-fish buy in the $0.20-$0.29 range." Mr. Kaiser said buy in November, 2003, at 18 cents. An investment of $1,000 is worth $1,509. The California letter writer also said buy the last time he commented on its affairs, in April, 2006, but at that time its price was above the 20- to 29-cent range to buy. Mr. Kaiser likes Lithic's Crypto zinc deposit in Utah. At $1.20/pound zinc, the company boasts an in-situ resource valued at $1.2 billion. Several developments since April, 2006, prompt Mr. Kaiser to strongly confirm his top priority buy. Management replenished its treasury with a private placement of 3.72 million units at 25 cents. That brought on board new shareholders. Chris Staargaard continues to claim a $2-million-plus drill program awaits Crypto in 2007. A zinc supply deficit has eroded warehouse stocks. On Oct. 24, 2006, London Metals Exchange warehouse stocks dropped below copper stocks. Zinc then reach a record high of $1.85 (U.S.) per pound, and some experts see zinc challenging $3 (U.S.). Lithic, Mr. Kaiser says, is "the sort of bottom-fish I adore."
© 2006 Canjex Publishing Ltd |
