Stansbury Holdings Corporation DD
Share Data:
OS: 52M
Float: 16M
Company Web Site: stansburyholdings.com
Business Brief:
Stansbury Holdings Corporation is a development stage mining company. In June 1999, the Company acquired a vermiculite mine and mill near Dillon, in southwestern Montana, and has begun production and shipping of vermiculite concentrate from the deposit. Stansbury also owns mining claims covering one of the largest known undeveloped reserves of vermiculite in North America, near Hamilton, in southwestern Montana.
The Company is negotiating to increase its vermiculite holdings through acquisition of other vermiculite properties, including an active vermiculite mining operation in northern Brazil. The Company also is seeking other business opportunities in manufacturing and electrical power facilities in order to develop revenue streams and to provide the necessary capitalization for development of mining and mill operations.
Press Releases:
Apr 25th...
Stansbury Holdings Corporation Announces That It Has Engaged Behre Dolbear & Co. to Review the Asbestos Health Risk for Its Dillon Vermiculite Project
Entire news release link:
biz.yahoo.com
Apr 24th...
Stansbury Holdings Corporation Announces That It Has Awarded a Grant to Students of Montana Tech for Research In Utilizing Vermiculite for Acid Rock Drainage Reclamation
Entire news release link: biz.yahoo.com
Mar 13th...
Stansbury Holdings Corporation Announces That its Affiliate Nevada Vermiculite LLC Plans Drilling Program at Mica Peak for March 27, 2000 Entire press release link: biz.yahoo.com
Feb 3rd...
Stansbury Holdings Corporation Announces That Its Affiliate Nevada Vermiculite LLC Obtained Bond Approval for Drilling Program at Mica Peak, And That Messrs. Becker, Yuengling and Staal Have Been Elected Directors
Entire News release link:
biz.yahoo.com
10QSB Filed on 11 Feb 2000...http://www.sec.gov/Archives/edgar/data/93566/0001096906-00-000012.txt
10QSB Filed on 12 Nov 1999...
sec.gov
More Business:
The Dillon Vermiculite Project comprises 64 unpatented lode mining claims (1,280 acres) and a concentration mill, located in Beaverhead County, Montana, about twenty miles southeast of the town of Dillon. The mill has a design capacity of 30,000 tons of concentrate production per year.
This project is owned by Dillon Vermiculite Limited LLC, a wholly owned subsidiary of Stansbury Holdings Corporation, and is operated under the International Vermiculite joint venture, of which Stansbury is a 50% principal.
Proven and probable ore reserves in the vicinity of the mill exceed 600,000 tons.
An Environmental Assessment was completed on the Project in April, 1999.
Currently, the mine and mill are in operation, with ore being shipped to customers.
The Hamilton Vermiculite Project, located about fifteen miles east of Hamilton, Montana, in the Skalkaho mountains, covers 96 unpatented lode mining claims and 10 unpatented millsite claims (approximately 1700 acres).
Two deposits are located on the property. Each has been drilled for exploration purposes and each contains a defined orebody, which together total a proven reserve in excess of 6,000,000 tons of ore.
An Environmental Impact Statement was completed on the Project in 1993.
The Mica Peak Vermiculite Project: The vermiculite deposit at Mica Peak in southern Nevada has been the subject of recent interest in the area of developing new vermiculite sources in the western United States. The deposit has two characteristics that make it especially interesting: (1) its proximity to the major markets of Southern California and (2) quality vermiculite capable of high yielding concentrates.
Two companies now hold claims covering the Mica Peak deposit. The most recent set of claims were filed by Nevada Vermiculite LLC and cover some 320 acres, including promising areas of mineralization to the North and West of the previously identified ore body.
These claims will be further explored during a drilling program to be conducted by International Vermiculite LLC, a joint venture between Nevada Vermiculite and Stansbury Holdings Corporation.
More...
STBY is in process of becoming the MSFT (monopoly) in the U.S. vermiculite industry over the next few years thereby becoming a major player worldwide. The market for vermiculite is growing rapidly... demand will continue to increase. There will be no such thing as inventory for STBY... every bit of the vermiculite produced will be bought before it is out of the ground.
Margins... margins are 300+%
STBY?s U.S. competition is fading with a rapid decrease in their reserves... their competition is W R Grace and Virginia Vermiculite... both primarily eastern producers (SC and VA)...
Summary... STBY is strongly supported by both current assets and future business. The stock is severely undervalued in my own opinion.
Not a rec to buy... do your own DD.
Tom |
