Just the facts Man/Mame:I put some of my favorite BM URLs from the Birch Mountain website on my own homepage just yesterday.
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Here is the RB Board to which you refer, but there is one other under another symbols there, we have close to 300 posts here and a bit more than that many there:
ragingbull.com
ragingbull.com
And that other miner of the past that got a bad '99 Strathcona Report: 332 there:
ragingbull.com
So, old Auric got excitment up at the one third OUNCE per ton level in years past at IPM ( Bad '97 Bateman Report NON COC at 0.09 PT and COC'ed Behre Dolbere at 0.03 about 1 gram AU that were just too little and hense without F'Assay it died in Chapeter 11 for IPM) where they tried to seek out that majic modified fire assay and failed, here there and everywhere. We hope that we have such here at BMD.
If the OMEN of thirds/threes and three hundreds are with us again this time. WE MUST REMEMBER that a mere ONE GRAM is a MAJIC NUMBER of oold depending on economies of scale. \Well, with no hype and no forcaste but the good in this loosey wait, what do you thik we need to see in a majic number, chain of custodied, modied compiled as comparred as an assay figure for the various element; all, in consistancy and repeatability prooven by that Independant Third Party Engineer and Mineral Determinator-terminator: Strathcona Mineral Services. Speaking of my dear old partnered D who started all our claim groups on Day one, I had such a talk last night. I will not speak for him. I won't even speak for myself just yet. So, J: will you speak some evil, or wait to hear the evil words of Joy. See the Knievel Numbers and Jump the Grand Canyon or run over the train; when SMS,Ltd says some words what then.
A bud called today or two, wondering who these guys are at RB, I told them...no clue but just in case....would you see a need in what the say to be what it may. Nah? We don't like BUY recs from the Cheer Crowd before all is said and done; yet, on this on is not in befor- a GAP UP of multiples on share price could be forseen. Why he said, share price and Short Position. Few weeks back i checked it was 10,000 on Birch- the CN- BMD. Now, it is Vol Change of 98,350 and Volume related to dollars change of $278,330 as of Friday. So I checked on my Bios in CDNX to compare as they doubled inprice this quarter also. NRT and IZP, respectively.
Here is the comparison: IZP-cdnx Vol- 2,000 and Vol $ CN CHANGE is MINUS $77,865 ( keep in mind Goldman Scah sits on the board and owns a big part of the company and have had GOOD news in past month) and IZP= samo not Goldman ut some Big Pharma I forget whom, 0 vol start and a VOL Change MINUS figure at 725 ! Thus, these BIOS- BIOTECH guys that doubled and had good news and NY type conferance presentations are NOT shorted at all. BMD is so when verrification comes, whammO, BangO, shaazaamO! We will go up faster than ...you finish it out.
Chucka
birchmountain.com
P.S.- And look what this Kaiser Pick says for PT and PD and Golds with NO ENGINEER REPORT ATALL, dam. John K- get with The PROGRAM:
Methinks Thous DustOffprotests The Engineer Report Forgot Too Much ON HOW DAMNED IMPORTANT AN ENGINEERED REPORT IS WHEN & IF FILED FAVORABLY, that is the TOP FISH-KING FISHING I DO HERE these months:
SouthernEra Resources Limited -
Kaiser says PGM property gives SouthernEra a lift
SouthernEra Resources Limited SUF
Shares issued 27,766,645 2000-02-25 close $2.9
Friday Feb 25 2000
John Kaiser, writing in the Feb. 21 Bottom-Fish Action for the period Feb. 7 to Feb. 11, says stock speculators are beginning to pay more attention to juniors exploring for platinum group metals, as palladium prices march ever higher. Mr. Kaiser says the strength of PGM prices has turned around the market's perception of the Messina platinum deposit in South Africa that SouthernEra's Chris Jennings optioned last April. The letter writer has to date not commented in detail on SouthernEra's affairs. The California letter writer says at the time of the option, platinum was seen as a distraction from SouthernEra's diamond focus, and yet one more key project in a politically risky part of the world. Mr. Jennings, being South African, did not see things that way. During 1999, however, Mr. Jennings fell from shareholder grace, and in October he stepped aside to let Steve Banning take the helm. During the last week, says Mr. Kaiser, SouthernEra has doubled from its $1.60 bottom as the market responded, in part, to the implications soaring PGM prices have on the Messina property.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
SouthernEra Resources Limited -
Kalahari, SouthernEra and Island-Arc progress in NWT JV
SouthernEra Resources Limited SUF
Shares issued 27,766,645 2000-01-31 close $1.82
Tuesday Feb 1 2000
See Kalahari Resources Inc (KLA) News Release
Mr. Albert Applegath reports
Kalahari Resources has received the following update from its joint venture partner, SouthernEra Resources (geologist and exploration manager, North and South America, Howard Bird).
Back Lake project, Northwest Territories
1. North Margaret Lake kimberlitic indicator train
During 1999, 40 till samples were collected from the north Margaret Lake kimberlite indicator train to further define the indicator train and establish an up-ice cutoff point. The indicator train is approximately 300 metres wide by 7,000 metres in length, with samples returning up to 159 kimberlitic indicators. The 1999 till sample results suggest that an up-ice cutoff point has possibly been defined and the primary kimberlitic source could occur within a one-kilometre square area. Further exploration should include completing a ground geophysical survey to define targets that are indicative of a kimberlite pipe intrusion followed by drill testing.
2. Margaret Lake kimberlitic mineral indicator train
To date, a two-kilometre wide kimberlite mineral indicator train has been defined on the western shore of Margaret Lake. Approximately 20 per cent of the pyrope garnets are G10s, suggesting that the host kimberlite should be diamondiferous. Sampling results suggest that the kimberlite source to the indicators may be a dyke-like body. During spring, 1999, till samples were collected from the bottom of Margaret Lake to define and locate the up-ice cutoff point to the train. A 100-metre spaced line of till samples were collected between 500 metres to 1,500 metres offshore using a sonic drill.
The sonic drilling till sample results suggest that the primary kimberlite source to the indicator train could occur within 1,500 metres of the shoreline. It is suggested that a drilling program be completed to test the area.
3. Munn Lake kimberlitic indicator train
During 1999, the Munn Lake kimberlite sill was discovered up-ice of the Munn Lake kimberlitic indicator mineral train. More than 40 per cent of the pyrope garnets in the indicator train are G10s. A comparison of the ilmenites recovered from the Munn Lake kimberlite body and the till sample ilmenites suggest that there could be more than one kimberlite source in Munn Lake.
Two topographic depressions (bathymetry lows), and subtle geophysical targets indicative of kimberlite pipe intrusions, occurring within the kimberlite sill area, remain to be tested. A drilling program to test those features is recommended.
MacKay Lake project, Northwest Territories
A total of eight till samples were collected during 1999 within a southwestern shoreline area of Munn Lake to follow up on previous sampling results in an area that returned a high count of kimberlitic indicators.
Six of the eight till samples returned indicators and at this point it is inconclusive whether the source of the indicators are from the Munn Lake kimberlite sill located 11 kilometres up-ice of the sample area.
Upon receipt of the indicator mineral probe chemistry results from the laboratory, a comparison between the kimberlite sill and the till sample indicators will be completed to determine their relationship.
Conclusion
There are both defined and/or potential kimberlitic drill targets in the four project areas.
Subject to new financing and regulatory approval, it is planned to be in camp on the shore of Munn Lake for phase two exploration in early March.
Approximately $7.5-million (Canadian) has been spent on the Back Lake project since 1994.
Kalahari is looking for a diamond discovery in a new diamondiferous belt (the Winspear-Aber-Mountain Province-De Beers discoveries are by the company's neighbours adjoining to the south).
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
SouthernEra Resources Limited -
SouthernEra touts its promising president
SouthernEra Resources Limited SUF
Shares issued 27,766,645 2000-02-09 close $2.08
Thursday Feb 10 2000
A NEW PRESIDENT, A NEW PRODUCT?
by Will Purcell
SouthernEra Resources announced this week that it had named Steven W. Banning as its new president and chief executive officer, effective March 1, 2000. Mr. Banning replaces Christopher Jennings, who took control of SouthernEra in 1992, and transformed it into a moderately successful diamond producer. Dr. Jennings will continue with the company as non-executive chairman, and as a consultant. SouthernEra senior vice-president, Lee Barker, said the company was pleased with its choice, and offered up glowing platitudes to describe the man who will be his new boss. "Steve's an operator. He's worked for a number of companies through his career, basically Noranda, Anaconda, Pegasus, and he has worked in Australia. He's been mine manager and has been developing a lot of low-grade gold deposits in the southwestern U.S., and in Australia." Mr. Barker went on to say: "(Mr. Banning is) quite highly thought of in the mining community. He is a metallurgist by training, and he has been very used to making money with low-grade deposits, which means he is a very cost-conscious and efficiency-oriented sort of person."
Mr. Banning has indeed been involved with a number of low-grade gold deposits, but whether they were money makers is another matter entirely. Mr. Banning was associated with Pegasus Gold Corp. from 1986 to 1995, last serving as vice-president of operations. Pegasus was a profitable gold mining company through much of Mr. Banning's tenure, but failed spectacularly when the price of gold went down. In 1996, Pegasus produced just under 500,000 ounces of gold from a number of low-grade deposits. The largest project was the $250-million Mt. Todd mine, which contained about 430 million tonnes of ore, grading just under one gram of gold per tonne. The low-grade mine was forecast to produce 260,000 ounces of gold, at an average cost of $280 (U.S.) per ounce, but was shut down in 1997, not long after startup, due to the sagging gold market. By then, Mr. Banning was long gone. Mr. Barker said, "He was with Pegasus for about seven years, but he wasn't part of the debacle when Pegasus went down." Upon leaving Pegasus, Mr. Banning moved on to Golden Queen Mining, becoming its president and chief executive officer late in 1995, charged with the responsibility of developing the Soledad Mountain gold deposit. A feasibility study was completed in early 1998, but the required $78-million (U.S.) was a formidable stumbling block, as the project was based on a $325 (U.S.) gold price, and the project remains in limbo. Golden Queen shareholders did not appear to miss Mr. Banning, as the market value of the company nearly doubled immediately following his departure, which coincided with the recent increase in the price of gold.
In SouthernEra, Mr. Banning inherits a company with its fingers in many pies, but some of those pies are beginning to develop a distinctly sour taste with many shareholders. The most pressing concern at the moment is the deal for Messina Platinum Mines Ltd., which was announced last April, and was supposed to close last fall. Mr. Barker said: "We're in the process of getting this Messina Platinum thing set up. It will be closed, I hope, within in a week or 10 days. It's a hell of a good project." He went on to say: "The feasibility study wasn't finished until about two weeks ago. It's been delivered, it's been accepted. The mines minister didn't sign off on the thing until the end of December, and all the lawyers and bankers are messing around now, producing all the documents to get the thing settled. There's the stock exchange involved in Johannesburg, you've got banks involved in loaning the money, you've got the minister of energy and mines involved." Add to that mix the minority shareholders who must now decide whether to sell their shares to SouthernEra, and the issue of financing. "It's been a lot longer than it would normally have taken, but this is Africa. It's going to happen. I think we're getting very close. It's in the lawyer's hands now, and the securities regulators." Indeed, Messina Ltd. issued a cautionary statement in Johannesburg this week, advising caution in dealing in Messina shares, as it was now anticipated that all of the remaining conditions would be met by the end of this month. Mr. Barker said that the results of the feasibility study would be made public, adding, "Once we do the press release to announce the closing of the deal, we will give some specific numbers."
Those numbers could be quite different than the earlier prefeasibility study, which outlined a reserve of 51 million tonnes, containing 11 million ounces of platinum group elements, and gold. The study proposed yearly production of 120,000 ounces of platinum group metals and gold, 1,400 tonnes of nickel, 850 tonnes of copper, and 27 tonnes of cobalt. The prefeasibility study indicated that after-tax net income of $23-million was likely. Based on a platinum price of $400 (U.S.), $280 (U.S.) for palladium, and $4,000 (U.S.) per tonne of nickel. Those prices are far lower than those prevailing today. Platinum and palladium are now worth well in excess of $500 (U.S.) per ounce, and nickel has doubled to $8,000 (U.S.) per tonne. At current prices, the gross value of the ore is approaching $100 (U.S.) per tonne. The prefeasibility study suggested a mining rate of 2,000 tonnes per day, although the company said last fall that it was considering a mining rate of 2,600 tonnes per day. With potential annual gross revenues near $130-million, the estimated $23-million after-tax income contained in the prefeasibility study seems likely to be revised sharply higher. That news may reverse SouthernEra's sagging fortunes. Mr. Barker noted: "When we get the platinum project, then we can stop talking about getting it, and say we have it. That's the time I think when people are going to have to take notice."
While platinum is front and centre in SouthernEra's plans today, diamonds still figure in the company's future. Mr. Barker said that the underground development work was progressing well at the 100-per-cent-owned Klipspringer property, and more production was now coming from the stopes. As a result, the diamond grade was now climbing. He said: "We're doing a feasibility study to try to make a recommendation to extend the thing deeper. It's not scheduled to be finished until the end of the first quarter. I think once that's successful, we'll announce it and then make a decision about advancing the funds to go deeper on the thing." A positive result would come as a great relief to the company, which previously painted the Klipspringer dykes as their long-term source of cash. Mining also continues at the 40-per-cent-owned Marsfontein property, operated by De Beers. The pit will be mined out late this summer, but production from the stockpiles will continue for another year to 18 months, although with sharply lower revenues.
Meanwhile, the company continues to explore the Camafuca pipe in Angola, the land of murder and mayhem, where it holds a 51-per-cent stake. Mr. Barker said: "We're working on the Angolan thing, finishing the feasibility study. We're looking to finance that in the offshore holding company as well." Camafuca, the world's largest undeveloped kimberlite, has also been a very large cash drain, as SouthernEra has now sunk about $30-million into acquisition and exploration. The pipe has been minibulk tested and portions of the body do show interesting results. Late in December, the company announced that a bulk sample from pit T-99-1 gave an average grade of 0.31 of a carat per cubic metre, yielding 1,081.17 carats from the 3,544 cubic metres treated, or about 0.14 carats per tonne. The diamonds were valued from $126 (U.S.) to $140 (U.S) per carat, thanks to an abundance of larger diamonds. Nearly 32 per cent of the diamonds were over one carat in weight, and 21 per cent were over two carats weight. Testing and evaluation continues, and results should be available in the second quarter. Unless high-grade zones can be identified, and Angola becomes a peace-loving country, Camafuca may well prove to be an expensive mistake.
SouthernEra has long been involved in the diamond play in Canada's north, but has not met with much success over the years, and its annual expenditures are falling as a result. The company has two projects currently active, one at Yamba Lake, and another at Munn Lake with junior partners Island Arc Resources Corp. and Kalahari Resources Ltd. now footing the bills. Mr. Barker said that the company planned to keep trying in the Territories. "There's nothing going on because it's winter, we're planning on going back and doing some work in March, up in the Territories," he stated, adding: "I think mainly at Yamba, but we still have the deal with the other partners who can earn a bigger interest at Munn, by spending some of their money. They're interested in doing that, and they're out trying to raise it right now." The chances for success in Canada are low, a fact that the company appears to recognize. Only a token effort will be made at Yamba, which has been picked over by several explorers for eight years, all with poor results, and Munn is now seemingly left to its junior partners.
SouthernEra is active in Brazil as well. The company can earn a 50-per-cent interest in the Canabrava project by spending a total of $20-million (U.S.) over seven years, with a firm commitment of $1.5-million (U.S.) in the first two years. Approximately one-third of that has been spent to date. SouthernEra may reduce its earn-in obligation to $15-million (U.S.) by subscribing for $1-million worth of Canabrava shares by June 10, 2000. The company evaluated a number of alluvial and primary targets on the property, including several breccia bodies, which possess promising kimberlitic indicator mineral chemistry. Just before Christmas, the company announced it had selected five alluvial areas and two breccia bodies for bulk testing, with about 25 tonnes of sample to be collected from each. Mr. Barker said: "We're bulk sampling those targets now, about eight of them. These are deposits in the ultramafic breccia that appear to be draining into some of the creeks that have alluvial diamonds in them. So we're working on that. They took some bulk samples before Christmas, and built a small plant to test them."
As if activity on three continents was not enough, SouthernEra formed a partnership last fall with Caldera Resources Inc. to explore one of that company's Australian properties. Mr. Barker said: "It's going along. Right now in the area they're working in it's 45 to 50 degrees Celsius during the day, so in March we'll probably be doing some drilling there. We have lots of targets, and I think it's an exciting play." He said that the company planned to spend about $250,000 this year, and added, "You can get a lot of work done there for that, because you can drive around with trucks. It will be mid-year before the company has any serious results to report from that program."
While SouthernEra enjoyed another profitable year in 1999, the company's shares did not fare as well last year. The stock, which once traded for more than $20 in the fall of 1997, had declined to below $5 in the summer of 1998. A subsequent rally took SouthernEra to a high of $9.10 as 1999 began, but the share price has been in a freefall since then, hitting a low of $1.55 in mid-January. SouthernEra traded down five cents Tuesday, closing at $1.80. Mr. Barker said, "It's quiet, but when you make news now, it's just like blowing in the wind anyway, because nobody cares about the mining business." Beleaguered SouthernEra shareholders can only hope that their new president will generate interest in the company's most promising plays, and cut costs at the others.
canada-stockwatch.com
P.P.S.- Right now, let's rec to BM to set up an ALL OTHER PROFIT CENTER, on going DIAMOND and alternate metals exploration, Titanium and such. Strathcona is NOT declared as testing that so lets, think on a dual play again. Copper Pits and Cobalt also.
My New Website With Current SEC Disclosures:
home.earthlink.net
also visit CCI: Ask to go on E Mail List cci@vcnet.com
brokerrelations.com
Chuck Marshall...Opps I almost fogot:
auctionbuy.com
auctionbuy.com
LINKS:::
This page is located at:
sites.netscape.net
Interesting URLs: I add some BM.com URLS that you can cut and paste: birchmountain.com birchmountain.com birchmountain.com birchmountain.com
P.P.P.S.- I hope Gord shows up for Post 300 at BMD.
Chucka |
