Might as well peek at them all and see what we've got out there. Thefollowing closed at .38 on very little volume Fri.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Kaiser says buy Roca (ROK) and get Mo for your money
2005-01-05 19:02 ET - In the News
John Kaiser, writing in a Jan. 4 Bottom Fishing Express, says molybdenum underwent a little noticed tenfold spot price increase in the past two years but has started to catch the attention of the Canadian exploration industry. Mr. Kaiser has picked five "Earlybird Moly Juniors" including Roca Mines Ltd. at 34 cents. The charts of all five show breakouts from recent bottoms. Be prepared for hair-raising volatility. Roca is the sister company to Stikine Gold, a top-priority bottom-fish buy. Roca raised $2-million in June, 2004, by selling 10 million units at 20 cents in a Canaccord short form offering on the Foremore VMS play. Although Roca management is encouraged by the results of the 36-hole 5,900-metre drill program at Foremore, the market can barely stifle its yawn. What has started to catch the market's attention since mid-November is the Max molybdenum deposit Roca optioned in January, 2004. Terry Maccauley has produced a 43-101 compliant resource calculation which estimates a measured and indicated resource of 42.94 million tonnes of 0.12 per cent Mo at a 0.06-per-cent Mo cut-off, which includes a high-grade core of 1.38 million tonnes of 0.564 per cent Mo at a 0.3-per-cent cut-off.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++
rocamines.com
from their website...................
ROCA Mines Inc. (ROK.TSXv) - is an aggressive junior mining company with demonstrable ability to acquire and advance valuable mineral projects. We are exclusively focused on British Columbia's outstanding mineral potential and are currently advancing two exceptional projects, including;
MAX Molybdenum Project hosts high-grade zones within a large-scale deposit and has existing production-sized underground access creating an opportunity for near-term, fast-tracked production. Roca is rapidly advancing engineering and permitting to meet a production decision for a small-scale mine in mid-2005. Soaring prices for molybdenum products make for compelling near-term cash flow potential from high-grade while a larger scale medium-grade project is also being studied.
FOREMORE Project is a large-area exploration project located near the famous Eskay Creek Mine and the Galore Copper Project. Roca has discovered base and precious metal targets similar in setting, age and geological potential to the Myra Falls deposit in BC and comparable important base metal mines located at sites around the world. Foremore also hosts numerous precious metal targets. Roca will conduct continued detailed exploration programs in 2005 to test the large-scale potential at Foremore. |
