Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Crazy Fools LightHouse -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (2833)	10/7/2007 9:22:35 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 3198

&#8362 David Pescod's Late Edition October 4, 2007 AURELIAN RESOURCES (T-ARU) $8.02 +1.02 GABRIEL RESOURCES (T-GBU) $2.29 +0.09 Please note the chart of Aurelian Resources for the last two years and its significant discovery in Ecuador. As we go down the list of analysts and what it is they’re looking at in the mining sector, Aurelian seems to be the stock on almost everyone's list. What they are looking for are new reserve numbers and whether it’s Graeme Currie or Wendell Zerb of Canaccord or anyone at all in the other major houses, Aurelian seems to be front and centre. What they are all looking for is the significant increase in just how large a deposit they have at the Condor Project in Ecuador. The suggestion by most is they fully expect at least 10 and possibly as much as 14 million ounces of gold and with gold getting ever closer to $800, that’s suddenly worth a lot of money. One thing we find interesting is that many of the major gold deposits around the world that have yet to be developed all seem to have political problems. We’ve had fun shorting Crystallex because it is in Venezuela and sorry folks, we just don't think the public company will ever benefit in ownership of that project. Who will benefit? We don't doubt it - those associated with Hugo Chavez and his buddies who currently run the country. And we would like to thank all those who have sent us emails over the last while telling us in-depth ways how rampant corruption is in Venezuela and how we should never expect a public company to benefit from it. Another huge play that isn’t being developed is Gabriel Resource's Rosia Montana Project in Romania. Once again 10 million ounces or whatever is there it’s still not being developed and it’s been delayed, delayed and delayed. Many of the liberals of the world seem to be wanting to hold it up because of environmental concerns and they’re not too far away from areas that were mines during the communist era when environmental concerns seems to be at the low end of the ladder and the area we hear from people who have been there is a mess. These days, you wouldn’t expect mining people to be operating anywhere like it was in the old days. And then you have Aurelian in Ecuador and the politics still is admittedly a little murky, but much more positive than that in Venezuela or Romania. CUE CAPITAL CORP. (V-CUE) $1.57 +0.02 There’s two sectors in the natural resource sector that are currently hurting big time - one is the natural gas sector where Canadian producers have been hit with high costs, high Canadian dollar and very low natural gas prices and many gassy stocks are selling three for a dollar at this time. Another sector that’s been hurt in the last two months after a monster run has been uranium. The big utilities have had all they needed for much of the last few months and after a huge run from under $10 to over $130, uranium has corrected to somewhere in between $75 and $95 a pound. What happens next of course is open to debate, but it looks like more and more for long term, uranium has a bright future. One analyst today writes “British analyst expect uranium prices may rise by the increasing numbers of planned and proposed nuclear reactors.” Since January 2007 the global plans for new nuclear power plants have risen 37% up by 82 to 304 with China leading the charge. China plans to build a 114 new nuclear reactors up from projections of 63 last year, for an enormous jump of 81%. Even in the United States they are now planning 32 compared to 23 proposed just last January, and that’s not bad... it’s a 39% increase. Needless to say, if higher prices come along, many of the nuclear based stocks, some of which are also on a 2 for 1 sale these days could recover, and we note Toni Wallis, mining analyst for Canaccord specializing in uranium stories has had to make a fundamental change in following of Cue Capital. Gosh-darn-it, she’s had to increase her target on Cue Capital. Today she writes “On October 1st, Cue Capital released the balance of 18 holes from the Phase 1 drill program on the San Antonio zone of the Yuty uranium project in Paraguay” and she is quite happy with the results. For a copy of her look at Cue Capital, please email Jenn at Jennifer_Lagdamen@Canaccord.com. In the meantime, Wallis has raised her target on this Paraguay based mining story from $2.60 to $3.70 mainly because the company now has 100% control of the project. SERENGETI RESOURCES (V-SIR) $1.25 -0.05 The chart of Serengeti Resources shows you that we’ve had quite a correction in the mining sector over the last couple of months, but Serengeti added to problems by coming up with some drilling results that were little less than the market had expected at a time that you had better not disappoint anyone. Now drilling results are starting to come out again and we are witnessing more and more of the same - fairly decent widths 159 metres on one of their latest holes, grading 0.55% copper and 0.44 grams per ton gold. These are low grades but over massive widths and the tonnage implications are on the high side. If you would like to receive the Late Edition, email Debbie at debbie_lewis@canaccord.com