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.

Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Jon Matz who wrote (1959)	8/29/1998 4:35:00 PM
From: David Sirk	Read Replies (1) \| Respond to of 5908

This is Interesting! Gives a take on the Garnet BIZ Europa Resources, Inc. Europa Resources, Inc. (OTCBB: ERRI) is a US incorporated, Canadian-based junior industrial minerals company whose core asset is 62% direct and indirect interest in a joint venture on a producing garnet ore mine in west-central Ukraine. Europa is the envy among other industrial competitors as they have interest in a currently producing mine. While many junior mineral companies are exploring and drilling, ERRI is partner in a mine that is already producing. Up to the present time there has been no available capital resources to mine garnet. Europa has entered into a joint venture with Ivaqniv Special Quarry for the mining and sales of Garnet and its byproducts. ERRI is in the business of mining garnet. Garnet is a substance used for the manufacturer of coated abrasives (sand paper), blast cleaning (sand blasting), polishing powders, water filters, and oil well packing. Estimates suggest that world garnet demand is 235,000 tonnes per year. Between 1990 and 1995, the demand for garnet doubled. The demand is estimated to double again within the next two years. Garnet sells for $ 175.00 to $ 1,800 per tonne. ERRI also plans on creating revenue through the sales of the by-products of garnet production. Quartz-Feldspar is used in the production of glass and sells for $ 35.00 to $ 40.00 per tonne. The remaining balance will be sold as road fill for $ 10.00 to $ 15.00 per tonne. The Company's target market is to countries in Europe, the Middle East and Asia. This will create a large competitive edge with the mines location. The mine in Ukraine is approximately 220km west-southwest of Kyiv. It has been in production for more than 30 years. An independent geological report has estimated that the mine has gross reserves of 57 million tonnes of higher grade garnet-bearing granites at 27%, or near 15.4 million tonnes of contained garnets. Replacement value of the plant and equipment is estimated at $ 17,790,000. The mine has over 150 qualified and experienced mining personnel. Currently, ERRI is installing a pilot plant which can handle 6-14 tonnes per day crushing plant in that will allow the Company to supply samples to European clients. EERI plans to construct a commercial garnet plant in 1999. The Company will raise approximately $ 8 million (U.S.) to complete the plant. ERRI projects profitability by 2000. The year 2000 is projected to have revenues of US$ 13,445,694 and EBITDA (Earnings Before Income Tax, Depreciation, and Amortization) of 7,367,738. Europa Resources, Inc retains a highly professional investor relations firm in Apus Capital Corp. Additional Information Links Stock Quote and News Company Web Site Under no circumstances shall this advertisement constitute an offer to buy the securities of the company described in this advertisement in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction. SEE FULL DISCLOSURE ON HOME PAGE Wall Street West Communications, LLC 8175A Sheridan Blvd. Suite #175 Arvada, CO 80003 1-303-465-6097 Editor@wallstreetwest.com