To all
The Cnadian Speculator From January 5th edition
New Claymore (NCS VSE)
Contact: Thomas Trickett (509) 921-7322
Shares Fully Diluted: 4.7 (Approx.)
January 3 Price: $1.85
Long shot. Keep that in mind when considering your investment decisions. Now let's look at why
you may want to have some of it in your speculative portfolio.
New Claymore is controlled by Anthony Rich. A toiling geologist and certainly not the promotional
type. In fact, gathering data on New Claymore is not exactly an easy task.
New Claymore is in the diamond hunt in Alberta and holds a few claims in Dryden, Ontario. Unlike
the search for kimberlite pipes seen in the NWT, New Claymore and partners are after lamproites.
Diamond-bearing lamproites are known to occur on the margins of archean cratonic plates. This is
the scenario we see occurring in Alberta where 23 micro diamonds have been discovered in stream
samples. New Claymore has joined Montello and Troymin in jointly optioning a large expanse of
land near Hinton to Kennecott for $3 M in expenditures over three years. Listed in the table below
is New Claymore's varying property participation after Kennecott earns it's interest. Kennecott will
initiate a drill program before the month is out. New Claymore has also recently acquired 900,000
acres in the Lubicon Lake Area. Ashton mining is expected to initiate drilling nearby before the
month's end.
Property Net Acres New Claymore Interest
---------------------- --------- ---------------------
Masumeka 91,080 22%
Troymin 8,600 4%
Berland 44,160 24%
Little Smoky 54,000 20%
Grizzly Jct/Berland E. 101,200 20%
Kakwa/Simonette 437,000 50%
Masumeka East 115,000 50%
Yellowhead 575,000 100%
Grande Cache 335,000 100%
Pine Creek 185,000 100%
Our interest in New Claymore is tied to the share structure in which we believe the float is less than
one million shares and the potential for rapid advancement in share price on the hint of success. The
near term drilling, presence of micro diamonds and lack of real promotion makes New Claymore a
buy for very speculative accounts. The company currently has approximately $1.5 M cash and
should be trading over $2.10 when the drill program commences. |
