STBY profile up here:
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Stansbury Holdings Corporation (OTC BB: STBY)
Aldine J. Coffman, Jr. ,
Chairman, President and Chief Executive Officer
Stansbury Holdings Corporation
P.O. Box 370010, Denver 80237-0010
Offices at:
8801 East Hampden Avenue #200
Denver, Colorado 80231
Telephone: (720) 748-1407
Facsimile: (720) 748-1408
Website: http:// www.stansburyholdings.com
E-mail: ajcoffman@earthlink.net
Several PR's are expected over the next few weeks.
Current Price: Bid .33 Ask .35
52 Week Range .095 - .47
Shares O/S 53,600,000
Float 25,000,000 most of float held tight.
Stansbury Holdings Corporation is a development stage mining company. In June 1999, the Company acquired a vermiculite mine and mill near
Dillon, in southwestern Montana, and has begun production and shipping of vermiculite concentrate from the deposit. Stansbury also owns
mining claims covering one of the largest known undeveloped reserves of vermiculite in North America, near Hamilton, in southwestern
Montana.
The Company is negotiating to increase its vermiculite holdings through acquisition of other vermiculite properties, including an active
vermiculite mining operation in northern Brazil. The Company also is seeking other business opportunities in manufacturing and electrical power
facilities in order to develop revenue streams and to provide the necessary capitalization for development of mining and mill operations.
Of far greater importance to the future of Stansbury is the position in the vermiculite industry now commanded by Stansbury through its
International Vermiculite affiliate:
(1) Stansbury owns two of the four major vermiculite resources in the western United States, and with its affiliate holds a substantial number of
mining claims in the third resource, in Nevada.
(2) These properties are expected to become the largest source of supply to the North American vermiculite industry over the next 24 months.
(3) Stansbury, through International Vermiculite, has taken steps to introduce value added products into its vertical production processes, by the
planned acquisition of an exfoliation plant in California.
With these achievements solidly in place, Stansbury management intends to pursue an aggressive business plan through its affiliate
International Vermiculite, in order to quickly establish a dominant global position in the vermiculite industry.
The past year (fiscal year 1999 and calendar year 1999) has been marked by a number of achievements:
Stansbury returned to a fully reporting status as a 12(g) company under the SEC rules;
Stansbury undertook the acquisition of the Dillon Mine and Mill;
Stansbury eliminated over $4,000,000 in debt;
Stansbury entered into the International Vermiculite joint venture.
For the convenience of the shareholders and the investing public, Stansbury in 1999 activated a large and frequently updated website, under the
URL stansburyholdings.com.
Links from that site tie into SEC filings, such as 10-K's and 10-Q's, financial statements, press releases, as well as into vermiculite industry
sites. Photographs of properties and the progress of development at the properties are shown on the site.
I encourage you to visit the site frequently, to keep yourself well informed on the status of your investment, and upon forthcoming activities.
Stansbury Holdings' Projects
Dillon Vermiculite Project
The Dillon Vermiculite Project comprises 64 unpatented lode mining claims (1,280 acres) and a concentration mill, located in Beaverhead
County, Montana, about twenty miles southeast of the town of Dillon. The mill has a design capacity of 30,000 tons of concentrate production per
year.
This project is owned by Dillon Vermiculite Limited LLC, a wholly owned subsidiary of Stansbury Holdings Corporation, and is operated under
the International Vermiculite joint venture, of which Stansbury is a 50% principal.
Proven and probable ore reserves in the vicinity of the mill exceed 600,000 tons.
An Environmental Assessment was completed on the Project in April, 1999.
Currently, the mine and mill are in operation, with ore being shipped to customers.
Hamilton Vermiculite Project
The Hamilton Vermiculite Project, located about fifteen miles east of Hamilton, Montana, in the Skalkaho mountains, covers 96 unpatented lode
mining claims and 10 unpatented millsite claims (approximately 1700 acres).
Two deposits are located on the property. Each has been drilled for exploration purposes and each contains a defined orebody, which together
total a proven reserve in excess of 6,000,000 tons of ore.
vermiculite.org
Some of it's applications:
Absorbent packing
Acoustic finishes
Air setting binder
Animal feed
Board
Brake pads & brake shoes
Bulking agent
Drilling muds
Fertilizer
Filtration
Fire protection internal/external
Fireproof safes
Fixation of hazardous materials
Floor and roof screeds
Furnaces
Insulation - high & low temperature
Insulation blocks & shapes
Nuclear waste disposal
Paints
Perfume absorbent
Pesticide
Potting mixes
Rooting cuttings
Sealants
Sound deadening compounds
Company contact:
Brian McCarty
Investor Relations, Stansbury Holdings Corporation
Telephone: 215-928-9630
E-mail: bmccarty@netreach.net
Our rating on STBY is buy and hold, we put a short term target price of $2.50 first of June. Long term $5.00 end of the year 2000. |
