Lithic Resources Ltd (C-LTH) - In the News
Kaiser says hold Lithic for "the Crypto Game!"
2007-07-31 20:44 ET - In the News
Shares issued 31,527,519
LTH Close 2007-07-30 C$ 0.60
FOR YOUR READING MARTIN> JAMES
John Kaiser, writing in a July 13, 2007, Tracker, says hold Lithic Resources Ltd. (67 cents), officially a "Spec Cycle 100% Hold." Mr. Kaiser said buy in November, 2003, at 18 cents and in October, 2006, at 28 cents. An investment of $1,000 each time is worth a most pleasing $5,932. July finds Mr. Kaiser in an upbeat mood, at least when talking about Lithic. "The Crypto Game is finally on!" enthuses the normally reserved letter writer. He refers to the start of a 10,000-metre drilling program on the Crypto zinc project in Utah. Patient bottom-fishers, he says, will soon enjoy significant rewards, and aggressive "spec value hunters" stand to make quick profits as the market starts to appreciate the Crypto's potential. For those not long, Mr. Kaiser says buy, in his words, a "Good Absolute Spec Value Hunter Buy." He argues Cyrpto's $28-million implied value has the potential to be worth $500-million. Exploratory drilling, he says, not only targets satellite high-grade zinc deposits, but targets a deep high-grade Henderson-style molybdenum system. Also, there is near-surface very high-grade silver-lead-zinc mineralization. He calls Lithic one of the best bargains among the speculative resource juniors |
