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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (52979)	5/26/2006 3:42:43 AM
From: McDavid	Read Replies (2) \| Respond to of 312988

My translation of the Babelfish translation. The stock exchange value of Oremex Resources (WKN A0B9GN) is approximately 22.5 millions CAD. In the middle of April the enterprise announced a 25% increase of its silver reserves for the Tejamen project in Mexico! The independent consultant Wardrop Engineering confirmed there was 50.8 million ounces of Silver in compliance with International standard NI 43-101! The metallurgical tests back in March already showed outstanding results - the silver can be extracted without any major mining! Consequently, Oremex has engaged a consulting firm in order to estimate the cost of establishing economical open mining. Looking at the latest Takeover in silver mining , it is immediately obvious how extremely undervalued these companies are! On 22 March 2006 Pan American Silver bought the 50% stake of Silver Standard in the Manantial Espejo project in south Argentina. It paid the equivalent of about 2 USD per ounce of silver! The stock exchange value of Oremex, 22,5 millions CAD, compares with a fair value of more than 100 millions USD! A HUGE discrepancy! Additionally the resumption of the drilling is planned shortly, to confirm even more silver in the ground! Since the occurrence is open on several sides still, a good chance exists that with this project 75-100 million ounces silver are present! The aim is the preparation of a feasibility study for the Start of silver production! This project alone should result in Oremex being a multibagger. But Oremex has seven further projects, whereby one was sold recently for more than 800,000 CAD. And to crown it all the management plans further acquisitions! The CEO, Dale E. Scholz, recently increased his Oremex stake by 5,7 per cent to 13,5 per cent of the entire share capital. Additionally share options with a strike price of 0,89 CAD were issued. Yesterday Oremex announced the engagement of two new board members and capable ones at that. On the one hand, Francisco Crespo Hernandez joins the Oremex team. He has more than 35 years experience in the Mexican mining industry He has brought several projects to production as consultant geologist On the other hand Oremex can rely on the services of Jack Jefferson. For more than 40 years, Jefferson, a Lawyer by profession, has organized the financing of exploration companies. Among other companies, he helped bring the Western Australian gold mine of Black Swan into production. These are valuable additions to a management team that is getting ready to start silver production in the Tejamen project! On conclusion of the current financing, Oremex has a plenty of cash for an aggressive drilling program which should lead to an increase in the silver reserves! Our six months target is 2,00 euro. In the medium and long-term we think that 7 euro is not unrealistic. No portfolio should be without the silver shares of Oremex Resources.