CRACKER PROJECTED GOLD PRODUCTION:
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CMM.V
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2006 - 100,100
2007 - 130,000
2008 - 210,000
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GOZ.V
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2007 - 75,000
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Cash Flow
Gold-Ore currently has 50 million shares outstanding, and no need to dilute further as the current low-grade stockpile production is generating cash, and a good part of the exploration program will be paid for by the bulk sample.
Management believes that it can produce 75,000 ounces per annum, lets say conservatively, starting some time in the first half of 2007, to account for the fact that there are always delays in the mining business.
Taking historical grades, and then discounting them back a little bit, preliminary work indicates that costs would come in at or under $300 per ounce.
This means that at $600 gold, GOZ would generate over $22 million in cash flow on an annualized basis, starting some time in the first half of 2007. This equates to 45 cents per Gold-Ore share! In other words, the company is trading at 1X cash flow.
resourceinvestor.com
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BGL.V
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2007 - Unknown but > 0
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The biggest risk for BGL going forward in my opinion, is simply that the company must make the transition from an explorer, to a producing mine operator. There are many challenges that must be dealt with successfully to do that. Working capital becomes a more important issue because the company will not just have the option to suspend programs until financing is more convenient. So many junior mining companies today like to just tell investors they are 'project generators' and that they will simply sell their deposit off to a major once they have found something worthwhile. That is a very convenient excuse for them to avoid admitting that they have no endgame in place, and that they probably will NEVER find an economic deposit, or need to deal with all the challenges that go with putting one into development. At some point in the future there will no doubt be a round of consolidation, and the best projects will be bought out by the majors (ex. Western Silver). However, it is far more honest and admirable for a company to come forward and take the responsiblity to add value to their deposit by advancing it to development.
stockhouse.ca
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PRZ.V
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2007 - Unknown but > 0
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Before you can sell something, you need something to sell.
What the Company has now is more of a concept than a product.
However, as we move forward into actual mining operations this fall, I'm expecting investor interest to pick up substantially.
And when gold recovery starts to kick in...that will really capture the market's attention.
stockhouse.ca
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MUG.V
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2007 - None
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TWD.V
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2007 - None
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RDV.V
2007 - Projected Financing
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The Company anticipates that positive results will lead to project financing discussions and a decision on mine development in early 2007.
See Below
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3/25/06
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The drill program could be a winner in three ways:
1. Move the 1,000,000+ tons of inferred ore in TC to M+I
2. Step-out success under the TC's F-zone or at depth.
3. Successfully update and/or expand Big Bull zinc/silver. (Anything here is a total bonus!)
4. Step out along the 11 km of show between the TC and BB and hit ore. For every one of these holes 50m apart that has more than 50m of TC/BB-grade ore in three intersections or less, the stock jumps $1/share !!!.
The next 3-4 months will tell it all!!!
stockhouse.ca
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4/13/06
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REDCORP VENTURES LTD. (RDV-TSX) and its wholly-owned subsidiary Redfern Resources Ltd. (together, the “Company”) are pleased to announce the commencement of exploration at the Tulsequah project in 2006. The Tulsequah Chief deposit is a polymetallic massive sulphide deposit located in northwestern British Columbia, south of the community of Atlin.A resource calculation compliant with NI 43-101 was announced on February 28, 2005 as shown below:
A crew has been mobilized to the site to open up the exploration camp and begin preparations for start-up of drilling.Redfern is currently finalizing a contract with Hy-Tech Drilling of Smithers BC to mobilize two drills to the site to complete approximately 20,000 meters of drilling in 2006.The initial drill phase will commence underground at the Tulsequah mine site after April 24 to complete 6 holes in the upper levels of the Tulsequah deposit.This rig and a second rig will commence surface drilling in May at a number of priority exploration targets on the Tulsequah property, including the past producing Big Bull Mine deposit where a total of 13,500 meters of drilling has been allocated.
The Big Bull mine was shut down in 1957 with a small historic reserve. Mining was undertaken to a depth of 110m below surface with total production of360,073 tonnes grading 1.2% copper, 1.9% lead, 7.3% zinc, 5.14 g/tonne gold and 154.29 g/tonne silver.Wide-spaced drilling at Big Bull by Redfern in 1993 and 1994 identified extensions to the mineralization but no new mineral resource estimates were completed at that time.Previously reported significant intersections obtained in the 1993/94 programs are presented in the table below.The 2006 program is designed to confirm and expand the mineralized extensions of the Big Bull Mine deposit and allow for completion of a new mineral resource estimate compliant with NI 43-101.
stockhouse.ca
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5/11/06
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Redcorp Ventures Ltd.: Wardrop Engineering Ltd. Engaged to Complete Feasibility Study for Tulsequah Project
VANCOUVER, BRITISH COLUMBIA, May 11, 2006 (CCNMatthews via COMTEX News Network) --
REDCORP VENTURES LTD. (TSX:RDV) and its wholly-owned subsidiary Redfern Resources Ltd. (together, the "Company") are pleased to announce that Wardrop Engineering Ltd. have been formally engaged to complete an updated feasibility study for the Tulsequah project. The work will commence immediately with a planned site visit during the week of May 15 followed by review and updating of existing engineering and design studies from the previous feasibility study completed by Rescan Engineering Ltd.in 1995 and updated in 1997.
The Company announced previously the start of the exploration program at Tulsequah in early April. Underground drilling commenced on April 29 to complete six holes to infill remaining information gaps in the upper part of the Tulsequah deposit.
Three holes have been completed to date and a further three are planned. It is expected that the underground drilling phase will be completed by the end of May.
These holes will be reported once all assays and geological information are complete.
A second phase of drilling will commence in late May with a major surface program of over 17,000 metres designed to expand existing resources at Tulsequah, the former producing Big Bull mine and explore other massive sulphide targets on the property.
Details of this major exploration program are contained in the Company's April 12 news release.
On completion of the current underground infill drilling program, Wardrop will review and update the previous resource estimate for the Tulsequah Project in compliance with National Instrument 43-101. This will be followed by mine design and mineable reserve identification for incorporation in a revised and updated mining plan for the Tulsequah project. The feasibility study will review and update all aspects of the project design, including waste handling and storage, tailings impoundment, power and electrical distribution, milling, processing and concentrate storage and transportation, in compliance with the permitted plans and design for the Tulsequh mine re-development. The feasibility study work will be completed to a +/-15% level of accuracy and to a design level suitable for submission to financing institutions. It is envisaged that the study should be completed by the end of the current year.
The Company anticipates that positive results will lead to project financing discussions and a decision on mine development in early 2007.
stockhouse.ca
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