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G-khan
09-06-2003, 01:29 AM
Here is the deal I will give a Liberty Silver Eagle with the constitution on the back that says "No State Shall Make any Thing but Gold and Silver Coin a Tender in Payment of Debt" On the front side it has a picture of the USS Constitution Sailing Ship (Full Mast) and written around the Ship it says in big print "Honest Value Never Fails"

I have carried this in my pocket for over a year and it has been what I use to explain to others our money system. I let them hold it and show them the back with the Constitution on it...

Whoever picks a stock and does an analysis of the stock with it with links and why you think it will be the best performer. Each member only gets to pick one as their number one stock and once that stock has been picked no others can pick it but they may add to the thread... You must enter the current price of your stock at the time of your post...Only posts with reasoning and analysis of why the stock will rise and what makes it a good pick will be considered.. You can't just say I pick ABC ...

The winner is the one who posts the largest percent gain on their pick by 1-1-2004

If you want to try to win this and you think the market is going up you may want to do so soon so you get the most rise...

Good Luck to all and I bet it will be some little heard of stock that wins this - not a big name.

You will also win a Title that will show up under your avatar on all your posts "Midas Touch" Only top stock pickers will get this title...

:cheers:

silverback
09-06-2003, 04:33 AM
Mag silver, because I own a bunch of it so it must go up! Seriously, Penoles is going to be looking for reserves,and Mag is well positioned. Also lots of exploration being done on very promising targets that may prove up some real value by the deadline. Currently 1.06US

http://www.magsilver.com/i/ppt/MAGSILVER2.pdf

Edit- Well my post is looking a little weak compared to others here so I'll expound a little...

Mag is a specualative play but I think it's a good one. I actually own more of some of the other picks here, like CDE and WHT, so I won't feel bad at all if somebody else wins the contest,but Mag is my pick for a possible grand slam homerun....with risk to match.

At least one newsletter writer has recommended MAG since the contest began, indicating a 3000% potential gain in the shares.

More importantly the stock is valued pretty fairly based on resources found so far,and the drill program is just beginning and going very well,with a good chance of a bonanza grade deposit and almost certain growth in reserves and resources per share given the ongoing drill program,strong balance sheet, operating cash position,and low market cap.

Not investment advice, check it out for yourself. Mag makes up about 5% of my PM stock portfolio. My biggest exploration play by far.

IrishGold
09-06-2003, 12:41 PM
Good luck G-khan, I couldn't get but 7 or 8 people to go out on a limb to guess the final selling price of that Silverado Gold nugget. Of course I wasn't offering a neat prize like you. BTW my wife and I each carry that same coin and talk about it whenever we get the opportunity.

I am going to give you my SWAG, but I won't be in the running because you want technicals & fundamentals.

You want what I can not give. I have never sat down to learn them. I guess, deep down I don't believe they work all that well. I need someone to show me that they are right at least 51% of the time, and the higher the better. Besides, as I have told everyone here, I buy and hold, so all I have to believe is that the ones I buy are going up, sometime after I buy them.

Anyway, my bet is on GPXM and I have already put my money where my mouth is. I bought another 10,000 shares on Thursday 9/4. See my post at: http://www.goldismoney.info/forums/showthread.php?t=3214
I bought at .38 and it went down a penny and then up a penny so I'm still at a loss for the commission in and eventually out.

G-khan, because I am not in the running for the prize, you should let another use GPXM if they want.

SilverStreak
09-06-2003, 04:23 PM
It has been the dog of my portfolio but the fundamentals are really great as it has two things going for it as it has a 30% ownership in a privately held conpany called Am. Biological a biotech company which is doubling its sales every quarter.

http://biz.yahoo.com/prnews/030904/ca250_1.html

It also has a great PM site with good drill results and a mill on its property with a supply of electricity and good road very close

http://biz.yahoo.com/prnews/030729/ca180_1.html

And this bio tech is a great asset in the future as I like the price of CFTN

http://biz.yahoo.com/prnews/030611/ca087_1.html

and at their web-site http://www.cliftonmining.com/ann0.htm

Selling at 31 cents US as we find it is rather unknown but is considered a silver mining company as the property has rich deposits of silver and I have found with all my silver stocks they will tend to rotate in their price advances and this one is due---it is carried by David Morgan in his portfolio and also by Bob Chapman

Go to their web site and browse around and it is impressive in materials just has not been discovered yet or touted much and at 31 cents I believe a great buy.
PS I like Mag Silver and Golden Phoniex also and have them in my personal portfolio

G-khan
09-06-2003, 07:30 PM
G-khan, because I am not in the running for the prize, you should let another use GPXM if they want.

All you need is links to the company site and some info on why you think it will be the best performer.. Tell about how many ounces they have etc. This is Fundamentals - any info on the company is good enough...

One other thing stock pick winners will get the Title "Midas Touch" as an added prize... We will only give winners that title .....

Scorpio
09-06-2003, 09:41 PM
that is not known to operate too brilliantly, yet Hecla has some money in it and is babysitting it to a certain extent. They are going into production on a smallish amount of silver. Yet, Khan, you were asking for the biggest % gainer, so here it goes..........

ECU Silver
ECU.V

Website: http://www.ecu.qc.ca/indexen.html
On the Toronto Venture Exchange

Current Price 0.085 cents Canadian = 0.06 cent US
:yeehaa:

Back in '99 with an alltime high of /48 cent US would make for a pretty handsome gain from todays levels.



Mining Research Company

13 rue Dussoubs 75002 Paris


--------------------------------------------------------------------------------

ECU Gold Mining

Recent Share Price
Listed
Symbol
Issued Shares
Fully diluted shares
Mkt Capitalisation
52 Week range
Internet CAN$0.36, US$0.24
Montreal
ECU
46.9 m
55.3 m
US$11.3m
US$0.32 - US$0.09
http://www.ecu.qc.ca



A NEW SILVER PRODUCER

ECU Gold Mining, Inc. is about to join the small group of profitable primary silver producers in the world. We think it has one of the most attractive risk vs. reward ratios in the precious metals mining industry.

The Company's Velardeña silver mine in central Mexico is scheduled to be in full production by the end of this year with an annual output of 2.3 million silver equivalent ounces. The current development program is fully funded and expected to provide an operating cash flow in excess of $5 million per year, equivalent to approximately 9 cents per fully diluted share. Projected mine-operating costs of $2.04 oz compare favourably with major competitors.

We believe the Company has the capability to achieve these production and financial goals.

ECU should then be in the unusual and advantageous position of a junior mining company with healthy cash flow. In a depressed precious metals mining industry, this should present excellent possibilities for future growth.

Completion of this years operating plan should justify a doubling of the share price. There is scope for significant further appreciation from: (a) more reserves and higher production (b) new ventures made possible by healthy cash flow (c) higher precious metal prices, particularly silver (d) scarcity value of a profitable silver producer (e) broader market exposure beyond the current limited investor base in Montreal and Paris.

David Morgan March 1999

davidmorgan@usa.net CURRENCY US Dollars




Summary

ECU Gold Mining, Inc. is a Canadian mining company based in Quebec. Originally an exploration company, its focus was radically changed through the purchase of the Velardeña silver mine in Mexico from William Resources in 1997. The Company is now poised to become a profitable silver and gold producer. Most of its other assets have been disposed of in order to concentrate on Velardeña. Velardeña is a typical narrow vein underground mine with multiple vein systems. Preliminary mining and milling were resumed in early 1998 and operations are now being rapidly expanded towards commercial production. The near term target of 650 tonnes per day is planned to be reached before the end of this year. At this point the Company expects to be producing at a rate of 2.3 million silver equivalent ounces per year and generating operating cash flow in excess of $5 million.

The purchase and subsequent development of Velardeña was financed largely by a share placement to group of French investors led by Global Equities in Paris, and by a $2 million loan from IIG Capital of New York. Global Equities has also acquired the 30% Net Profit Interest originally retained by William.

It is proposed to rename the Company ECU Silver to better reflect its main activity.



Four reasons to expect a higher share price

ECU has demonstrated its commercial acumen in acquiring the Velardeña property at a distress price and advantageously financing the mine's development in a depressed market. Its technical capability has got the mine back into operation and on course for profitable production this year. The Company's fundamental strengths justify a significantly higher share price as outlined below.

1) Target production to be successfully achieved

Successful implementation of the current production plan year will establish Velardeña as a profitable silver and gold producer with a strong operating cash flow. This alone could justify a doubling of the share price.

2) Increase in ore reserves and production

There is good potential for additional ore reserves, which could extend mine life and support higher production. ECU is already considering raising the milling rate to 1000 tpd.

3) Cash flow will opens up growth opportunities

From the corporate point of view, ECU should soon be in the unusual and favourable position of a junior mining company with a healthy cash flow. This will open up many possibilities for acquisitions or new ventures, particularly if the mining market remains depressed. The Company has already demonstrated its ability to raise loan finance, even ahead of commercial production. With the backing of cash flow from Velardeña, quite sizeable financial commitments should be within its reach.

4) Higher silver and gold prices

The investment case for ECU Gold does not rely on higher metal prices but obviously that would be good for the share price. A rise in silver would be particularly significant as there is a dearth of good silver equities, and ECU should gain additionally through scarcity value. A change of 10% in the prices silver, gold, or both metals together would change estimated cash flow by 10.5%, 8.5% and 19% respectively.



Share Valuation

When the current development plan is fully implemented, the Company estimates that operating cash flow will be running at over $5 million per year. This amounts to approximately 9 cents per share (fully diluted) Depreciation rates have not yet been established and will depend, among other things, on reserves at year end but corresponding earnings could come out at around 5 cents per share. Taking a moderate P/E and price/cash flow ratios of 8x and 4x respectively, these numbers point to a share price of around 40 cents US.

On the same basis of a 650 tpd production rate and assuming a mine life of 9 years (based on 100% of proven and probable reserves, 50% of possible reserves and 25% of resources) the Net Present Value of the project, after royalties and tax could be in the region of 55 cents per share (at 5% discount rate).

These figures suggest that completion of the basic operating plan on its own could justify a doubling, at least, of the share price from current levels. Further mine and corporate developments could lead to substantially higher prices.

All the above estimates are based on gold at $290 per ounce and silver at $5.00 per ounce.



The Current Operating Plan

ECU is entering a key period in its build up to commercial production. The main activities scheduled to be undertaken this year are: -

a) Build up the underground mining rate and phase out the treatment of rezagas (broken ore from old stopes) and ore from surface dumps.

b) Increase mill throughput to 650 tpd.

c) Open up the San Diego mine and commence trucking ore to the Velardeña mill.

d) Complete the deepening of the Santa Juana shaft and the access ramp to the 17 level of the Santa Juana vein system.

e) Install the basic flotation plant at the mill and commence mining and treatment of sulphide ore.

f) Achieve a mine operating cash flow of approximately $500,000 per month.

The operating performance planned to be achieved by the end of 1999 is summarised below.

Tonnes milled 225,000 t.p.a, 650 tpd Assumed metal prices silver $5/oz, gold $290/oz
oxide 75%, sulfide 25% Net revenue $10.5 million
Average grade silver 229 g/t, gold 3.1 g/t derived approx. silver 51%, gold 44%, lead 5%
Overall recovery silver 73%, gold 76% Mine costs $ 4.7 million, $21/tonne milled
Silver recovered 1.2 million oz Smelter costs $ 1.2 million
Gold recovered 17,150 oz Costs per silver equiv. oz mine $2.04/oz, total $2.59/oz
Lead recovered 648,000 Kg Operating cash flow $ 5.8 million



Reasons to expect ECU to succeed

Over the years there have been many failed attempts to re-open old mines. The following questions and answers look at the key factors and indicate why Velardeña should not be another example.

Are the ore reserves really there?

Reserve estimates for Velardeña are based mainly on extensive and recent sampling of underground development, (which is more reliable than drilling for this type of deposit). Previous mining has demonstrated the continuity of the vein structures. An independent consulting company, Micon International, has favourably reviewed the resource estimation procedures and believes that the resources have a high probability of being upgraded to the higher confidence categories.

Is there an adequate mine life?

Proven and probable reserves are sufficient for just over four years of operations at the planned production rate of 650 tpd. This is not untypical for an underground mine and numerous operations have run for many years without ever having had more proven reserves ahead of the mill. Significant tonnage comes from ore outside reserves so effective reserve life is longer. The property has not yet been thoroughly explored by modern methods. Micon believes there is high potential for finding further ore.

Can the reserves be economically mined?

A considerable amount of mining has taken place at Velardeña in the past. ECU itself has been successfully mining and milling ore for over a year. Conventional mining methods are being used which have been proven to be effective and are well understood by the Mexican miners. All the current reserves are accessible from existing underground development. The mill has demonstrated good recoveries from oxide ore and test work has shown no complications likely to prevent successful flotation of sulfide ore.

The previous operator was unsuccessful. What is ECU doing differently?

The biggest problem before was very poor recovery of gold and silver in the mill. Modifications to the circuit and different use of reagents by ECU have already solved this problem and satisfactory recoveries have been achieved for more than six months. Other operating difficulties are being avoided by the hands on involvement of the technically experienced ECU top management together with a successful "Mexicanisation" of mine management. In the past, recruitment and retention of workers was hindered by doubts about the future of the mine, but ECU's commitment and adequate funding have now given the mine a local reputation as a good long term employer.

Has the Company the right management?

President, André St-Michel and vice-president Michel Roy both have degrees in Geology and masters degrees in Project Management with extensive experience in underground mining in Quebec and in corporate management. The President of the operating company, BLM Minera is a Mexican Mining Engineer with broad local experience and contacts.

Are operating cost estimates reasonable?

ECU is estimating total mine operating costs of about $21 per tonne, quite a low figure by international standards. But most of the Company's expenses are Mexican Pesos and the weakness of that currency greatly improves the cost structure relative to US producers. In particular, a major contributor is the moderate cost of skilled labour in Mexico which results in employment making up only 30% of total costs compared with over 50% for a similar operations in North America. A further 50% is accounted for by three items, electricity, mill reagents and explosives where unit costs are already known and a fair indication of consumption rates has been provided by nearly a year of pre-commercial operations. The only major activity not already tested in actual operation is the flotation of sulfide ore.

Overall the project is not highly sensitive to operating costs at current metal prices. A 10% increase in total costs would reduce operating cash flow by about 8%.

Will the production schedule be met?

The operating plan calls for a threefold increase in underground tonnage mined between now and July and includes the start of mining at the San Diego property where there is currently no equipment installed. A further 20% increase in throughput is scheduled for the second half of the year plus the commissioning of the flotation plant and introduction of sulphide ore. This is a demanding program but is backed by more than a year of preparation. Mining methods are conventional, mill operation has been proven and virtually all the extra equipment needed is already available. The most important uncompleted item is hiring and deploying additional underground miners. There are no new technologies involved in the project and one cannot see anything which might make the goals unattainable

Is the Company is adequately financed?

Most of the equipment needed for this year's production plan has already been paid for. Depressed conditions in the Canadian mining industry have enabled ECU to buy at bargain prices. After completing the remaining capital expenditure, ECU expects to have in excess $500,000 of uncommitted cash. Even if the program falls behind schedule, the operation should soon be producing a positive cash flow except in the case of exceptionally severe problems. Overall the Company is well cushioned against risk of financial crisis or emergency funding requirements during the build up to commercial production.

The only significant long-term liability is the $2 million loan (at 13%) from IIG Capital, which is repayable in instalments in the year 2000.



Financial Position

Details of share capital

Issued Shares (March 1999) 46.87m
Significant share holdings
Options: Directors, officers & employees 4.29m
Global Equities 32%.
Warrants: European Private Placements 3.41m
plus 30% Net Profit Interest
The International Investment Group 0.50m
Board :4.3%
Granite Group 0.20m
Full conversion of options and warrants would.
Total fully diluted 55.27m
bring in approximately $3.1 million

Net Profit Interest

A 30 % Net Profit Interest in the Velardeña mine is held by Global Equities. The NPI agreement provides for the payment of 30% of net profit, after expenses and initial costs as defined in the NPI Agreement, up to a total C$12 million, after which it reverts to a 2% NSR royalty. On current projections the NPI is not expected to be payable for several years. It would not be surprising if the NPI were converted to equity before then.

Other financial items

ECU has fixed assets of about $20 million and long term debt of $2 million. For accounting purposes the Velardeña project is currently in the pre-production phase and commercial production is likely to begin at the start of the 2000 fiscal year. Accumulated allowances should shelter the Company from tax for several years.



The Velardeña Project

Background

Mining in the Velardeña district dates back to early Spanish colonial times when high-grade ore was mined by hand and processed on a small scale by direct smelting. In 1888, the Velardeña Mining and Smelting Company consolidated many of the small operations. Velardeña was acquired by the Asarco in 1902 who mined it continuously until 1929 when the smelter was dismantled and removed. Subsequently the property returned to small-scale private ownership until its acquisition by William Resources in 1994. William made substantial investments in the property including extensive development to access the Santa Juana vein and the construction of a modern cyanide mill. But following disappointing operating results and corporate pressures elsewhere William agreed to sell its interest in Velardeña to ECU Gold in April 1997.

The Velardeña Property

The Velardeña Property is held by ECU Gold through its 93.4% owned Mexican subsidiary, BLM Minera Mexicana. It consists of the Velardeña Mine itself and the San Diego property about 9.5 km away.

The Velardeña district is located in the eastern Sierra Madre and lies within the main silver belt of central Mexico which contains some of the worlds largest silver producers.

The Company's property is about 95 km from the major industrial city of Torreon, which has a full range of support services, and is the site of a major smelter owned by Peñoles. Easy access is obtained by a paved highway and a 7km gravel road from the village of Velardeña to the mine site. The property is connected to the main electricity grid and water is supplied by a Company owned pipeline.

The Velardeña Mine

The mineralization at Velardeña is contained in a range of hills that rise from a broad valley. The main mine office, mill and tailings pond are located in a level area near the edge of valley. From there, 3km of steep and winding haulage road leads up to the main access to the underground workings, the Terneras Portal.

There are a considerable number of vein systems in the Velardeña property. Among those of current interest, the east - west trending Terneras vein has been extensively mined in the past and provides a good indication of the vertical and horizontal extent of the mineralised interval. Approximately parallel to the Terneras vein are the San Juanes and San Mateo veins, which together contain about 45% of the current proven and probable reserves of the mine. About 500 metres to the north lies the Santa Juana vein system which is the most important for current operations. It contains the majority of the reserves and will be the only area at Velardeña to be mined in the near term.

Mineralization at Velardeña occurs as relatively narrow, steeply dipping, high-grade silver/gold veins. The veins vary in width from thin stringers to more than two metres but are typically 20 to 80 centimetres wide. Widths of up to 8 metres are encountered in the chimney zones of the Santa Juana vein. The veins are continuous over long distances, 200 metres to more than 600 metres. Workings in the Terneras vein indicate that the mineralised interval is more than 500 metres high.

Access to these areas is via an adit from the Terneras portal. The main haulage passes through the Terneras, San Juanes and San Mateo vein systems and a 1200 metre crosscut extends to the 12 level of the Santa Juana workings. From there, an internal shaft gives access down to the 16 level and is currently being deepened to the 17 level where it will connect with an access ramp which extends down from the 15.5 level.

Mining is mainly by shrinkage stoping, the most commonly used method in narrow vein mines. The ground conditions in the mine are excellent, needing minimal support and backfilling is not required. Mexican miners are well experienced and skilful at this type of mining. (though management is gradually introducing some changes to enhance productivity). In addition to the typical narrow veins, The Santa Juana system also contains areas related to cross veins where substantially higher mining widths are possible, and irregular mineralised bodies known as chimneys associated with minor motions along the walls of the veins. The chimneys though not large are commonly very high grade and represent significant upside potential below the 16 level. (which is not reflected in the ore reserve estimates).

Broken ore from the stopes is removed through draw points and trammed to the shaft from where it is loaded onto three-ton rail cars and hauled out of the mine by electric locomotives. At the Terneras Portal, the ore is loaded into contractor operated trucks for transport downhill to the mill.

There are two principle types of mineralization at Velardeña, sulfide, which is the primary form of emplacement, and oxide which is the product of oxidation of sulfide ore by exposure to water and air. Normally, oxide ore occurs in the upper levels and sulfides at depth. In the Santa Juana area the oxide ore is found within limestones down to level 18 and near the Tres Aguilas fault, while sulfide ore predominates within the intrusive rocks and below level 18. The significance of the different ore types at Velardeña is that gold and silver in oxide ores can be recovered in the mill by straightforward cyanidation whereas sulfides require a flotation process to separate the metal-bearing sulfide minerals into a concentrate from which the precious metals can be extracted by smelting. Up to now, only oxide ore has been treated at Velardeña. Within the next few months, however, a flotation plant will be assembled and commissioned at the mill (the main items of equipment are already on site) and mining of sulphide ore will begin on the Santa Juana vein.

San Diego

The San Diego property is located approximately 9.5 km in a straight line from the Velardeña mill and about one hour drive by truck. From a geological point of view, the San Diego mineralised structures probably do not belong to the same hydrothermal system that resulted in the Velardeña mining district but they are similar in their along-strike and at depth continuity, their typical width and the fact that the veins crosscut both intrusive rocks and limestones. Unlike Velardeña, however, silver is the predominant value in the ore with comparatively little gold. Six main veins have been mapped on the property but workings were mostly restricted to the La Cruz and El Trovatore veins, which have been mined to a depth exceeding 200 metres. Both sulfide and oxide ore are present. Most of the mining in the San Diego area stopped about 15 years ago. The former treatment plant has been removed and at present there are no mining equipment or facilities in place. The site was previously connected to the electricity grid by a power line. The cables themselves have been removed but the pylons are still intact and it is reckoned that the supply could be reinstated at comparatively modest cost.

ECU is planning to move some mobile equipment to San Diego in the near future to open up the unmined extension of the La Cruz vein for production from the main adit level. This oxide ore will be trucked to the Velardeña mill, starting in April at 1000 tonnes per month and building up to 4000 tonnes per month by the end of the year. Projected recovered metal value is a bit less than from the oxide ore from Santa Juana but the product is nearly all silver.

Ore treatment

The processing plant at Velardeña is a conventional, modern, cyanide mill, originally constructed in 1992 for a mine in Canada and designed to treat oxide ore. William bought it in 1996 and re-erected it at Velardeña. The facilities appear in good mechanical condition and comprise a crushing and screening plant, ball mill, leaching tanks, a counter current decantation circuit and a Merrill-Crowe precipitation plant. The mill can currently treat over 600 tpd, and could be readily expanded to 1200 tpd, mainly by adding further grinding capacity. The final product is a silver and gold containing precipitate, which is sold to a smelter in Torreon.

To treat sulfide ore, a flotation plant is about to be installed. It will produce a precious metal bearing lead concentrate, which will be sold directly to a smelter. About 62% of the silver and 37% of the gold is expected to be recovered into the flotation concentrate together with base metals, predominantly lead. A further 25% of the silver and 42% of the gold from the sulfides will be recovered by cyanide leaching, giving a total recovery of 87% of silver and 79% of gold. These are significantly higher than the 65% recovery of silver and 75% recoveries of gold obtained by cyanide treatment of oxide ore, particularly in respect of silver.

However the charges made by the smelter for recovering precious metals from a flotation concentrate are substantially higher than the costs of treating precipitate from cyanide leaching. At current metal prices, smelter charges absorb just over 35% of the metal value in concentrate compared with only 4% for Merrill Crowe precipitate. These higher costs are significantly offset, though, by the higher precious metal recovery and the production of lead, which pays for about half the smelter charge.

Ore Reserves

The San Mateo and San Juanes veins at Velardeña and the San Diego vein systems are fairly straightforward planar features, continuous both along strike and at depth. The geometry of the Santa Juana vein system is more complex and includes irregular ore zones, or chimneys, crosscutting veins and zones where the veins split and rejoin.

The current ore reserve estimates are based on more than 4000 underground samples supplemented by data from 59 diamond drill holes put down by William. All the data has been collected by BLM in the last five years (under the ownership of William and ECU) and no older information has been used.

The independent consulting group, Micon, has examined the resource estimation and found them to be based on appropriately chosen industry standard procedures. Moreover, given the demonstrated continuity of previously mined ore at Velardeña, Micon believes that these resources have a high probability of being upgraded to the higher confidence categories.

The table summarises the current reserve estimates.

Velardeña Tonnes Silver g/t Gold g/t Ounces of silver
Ounces of gold

Proven & probable 824,171
237 3.57 6.280,660
94,607

Possible 1,072,123
342 3.05 11,789,906
105,144

Resource 767,507
200 1.19 4.935,736
29,368

Total 2,663,801
269 2.80 23,006,302
229,119

San Diego
Resources 532,240
265 0.48 4,535,164
8,215

Metal content
Silver equivalent 41,300,000

Gold equivalents 712,000


Approximately 55% of the proven and probable reserves are contained in the Santa Juana vein system where the initial mining is taking place. The remainder is in the Terneras vein systems (Terneras, San Mateo and San Juanes). Sulfide ore represents about 60% of reserves in all categorie

Security Summary










ECU Silver Mining Inc. (ECU)


Type: EQUITY Ex Dividend: N
Sub Type: COMMON Currency: CDN
Market Tier: Tier2
Listed Date: 1/Oct/2001


Pricing History

Last Traded: 5/Sep/2003 Last Bid: 0.080
Last Price: 0.085 Last Ask: 0.085
Change: 0.005 Volume: 105,000


Capitalization
Authorized: Unlimited Issued: 77,167,554
Market Cap: 6,559,242 Escrow: 0


Short Summary
Short Volume As Of
0 31/Aug/2003

Trading History
This Week This Month This Year Last Year
High: 0.090 0.090 0.150 0.120
Low: 0.075 0.075 0.045 0.010
Close: 0.085 0.085 0.085 0.090


All Time Records
High: 0.480 5/Feb/1999 Volume: 4,311,582 29/May/2002
Low: 0.010 22/Oct/2001 Value: 412,341.00 27/May/2002
#Trades: 244 27/May/2002


Security Description
name change from ECU Gold Mining Inc (ECU) 1:1 23Se99


Securities
Symbol Security Name Market Status
ECU ECU Silver Mining Inc.
(ECU inc. (Les Mines d'argent)) CDNX TRADING

So Mr. Khan, when you qualified it for max. percentage gain, I had to take a flyer on this little dog.
:cooler:

So, count me in with ECU.

SilverStreak
09-06-2003, 10:16 PM
Scorpio----- yes I have a very nice large round lot of this also and this one could be a big winner if they can file the correct papers on time for the continual listing of their stock on the Venture Exchange but I have kept it for a couple of years and Bill Murphy of LeMetropole fame has touted it once and a while but it has great fundamentals----- It is a great speculation!!!!!!!!!

IrishGold
09-06-2003, 11:45 PM
Tuesday September 2, 6:11 PM EDT
RENO, Nev., Sep 2, 2003 /PRNewswire-FirstCall via COMTEX/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM), a mineral-property development company, announced today that its Phase 1 operations at its Mineral Ridge gold mine in Esmeralda County, Nevada, are progressing on schedule, including production of its first gold bar.

"We are very excited about the initiation of Phase 1 gold production at the Mineral Ridge Mine. We look forward to the anticipated continuation of production at the mine," said Michael Fitzsimonds, President of Golden Phoenix.

During the past few weeks at the Mineral Ridge Mine, solution chemistry has continued to be stabilized, new drip pipe was added to the pad, new carbon was added to the carbon columns, and final repairs have been made to the gold refinery. Golden Phoenix reports that new cyanide is being added to the process solutions and the solution gold grade is increasing as these solutions drain from the leach pad. These process solutions are distributed on the leach pad through drip pipes. Solutions are also introduced into the auger holes that were drilled for passive injection of solutions into the lower portions of the pad.
Golden Phoenix Minerals Inc. is a mineral-property development company headquartered in Reno, Nevada. It specializes in acquiring and consolidating large, advanced-stage properties with potential for near-term production and good resource development potential. Acquisition and development emphasis is on deposits containing gold, silver, copper and other strategic minerals that are located in Nevada. Visit the Golden Phoenix Web site at: http://www.Golden-Phoenix.com
GPXM Avg Volume- http://money.excite.com/servlet/GifServlet?index=1|60|124960| Mkt Cap (mil)34.1 FundamentalsEPS: -0.05 P/E: -7.40 Bid / Ask 0.375 / 0.38 Open0.38 Prev Close0.37 52-wk Range0.14 - 0.50

helpful_monkey
09-06-2003, 11:49 PM
My pick is Sterlite Gold (SGD on the Toronto Exchange). PE ratio of 3.63 on 9/5/03. I have included some information that appears promising but I must admit that the reason that I have been accumulating shares is the simple fact that the chart shows a symmetrical triangle that looks like it's about to explode. So, in summary, I am choosing this one because of a powerful technical formation that can be seen on the chart. See end of post for charts.

I bought the majority of my shares at .145, and I'm gonna use the starting price of .16 which is where it stands on 9/5/2003.

http://home.earthlink.net/~jason.layman/images/fingerscrossed.gif

[Not investment advice]

----------------------------------------

http://www.sterlitegold.com

Recent release and financial statement:
http://www.stockhouse.com/bullboards/viewmessage.asp?no=6617672&t=0&all=0&TableID=1

-----------------------------

Recent News: "High profile" chairman added


http://www.mips1.net/MGFin.nsf/UNID/DTHE-5QHCZ7
By: Ken Gooding
Posted: 2003/08/17 Sun 11:21 ZE2 | © Mineweb 1997-2003


LONDON – Brian Gilbertson is set to make a come-back with another London listed metals group. He is lined up to be chairman of Sterlite Industries, the aluminium and copper producer that expects to list on the London Stock Exchange before the end of September with a value of well over £1bn.

This is a coup for J P Morgan, the investment bank handling the listing arrangements, because Sterlite will be the first Indian group to join the main board in London and consequently is virtually an unknown quantity in the City.

Gilbertson will bring huge credibility to Sterlite and should enable the group to raise the £250m to £500m of new cash it will look for in conjunction with the listing. His return will come only nine months after he quit as chief executive of BHP Billiton because of irreconcilable differences with the board.

In London Gilbertson is well remembered for first dragging the mining assets out of the moribund Gencor group of South Africa, listing the resulting company, Billiton, here and within a relatively short space of time was architect of the deal to merge with BHP of Australia to form the world’s biggest natural resources group.

J P Morgan had a hand in both those deals. The investment bank also helped to list Xstrata in London – the mining and metals group where Gilbertson’s former colleague and Billiton finance director, Mick Davis, is chief executive.

Davis has already emulated Billiton in a limited way by merging Xstrata with MIM of Australia. Gilbertson’s appointment at Sterlite will naturally cause speculation that the two South Africans might soon find themselves battling over assets they want to acquire for their respective groups. But, as will be explained, this is unlikely.

There is also speculation about whether Gilbertson, who lasted only six months as chief executive of BHPB and reputedly fell out with the other directors because he wanted to do more big deals quickly, can live comfortably with Anil Agarwal.

Agarwal is the metals trader who built up Sterlite and owns about 80 percent of it. According to one banker close to the arrangements, both Agarwal and Gilbertson are “deal junkies” but they also have huge egos. So a clash is not beyond the realm of possibility.

However, Gilbertson has been advising Agarwal and Sterlite for some months and has visited the operations in India – along with four London analysts who can be expected to write reviews of Sterlite about the time of the listing.

Agarwal has certainly lined up a heavyweight listing team because, along with Morgan, are another heavy-hitting bank, HSBC, and Cazenove, the London broker whose contacts are second to none.

At 58, Gilbertson, if he had a different approach to life, might have retired to spend some of the many millions he collected during his Gencor-Billiton-BHBP days. In his last year with BHBP he was paid £9m in salary, bonus, and other incentives. He collected £6m when BHP and Billiton merged and walked off with a lump sum and pension pot of up to £16m after the bust-up with BHPB.

But he quickly re-emerged in the mining industry as consultant to Lonmin (LSE:LMI), the London listed platinum producer, which is particularly relying on his contacts and expertise to help it meet the Black Empowerment requirements in South Africa where all its money earning operations are located.

Bankers reckon Gilbertson will have no trouble at all combining the consultancy at Lonmin with non-executive chairmanship of Sterlite.

Neither do they expect Sterlite to give Xstrata much trouble in the battle for the few worthwhile global mining assets that might become available. “Sterlite is much more of a downstream metals business than a mining group,” is the way one described it. He pointed out that Sterlite had expanded quickly so far by playing a leading role in the Indian government’s metals and mining privatisation programme. “There is much more to come in that programme and I’m afraid foreign companies will not get much of a look-in. Sterlite will be very well placed though.”

Sterlite has an annual turnover of about US$1.5bn. Agarwal says he will double that to $3bn by 2005-06. Agarwal caused considerable controversy last year when he attempted to de-list Sterlite in Bombay with a share-buy back scheme. His offer was worth only half of Sterlite’s book value and was only partly accepted.

The de-listing paved the way for Sterlite to be headquartered in London – at an elegant former Rothschild family mansion. This will have negative tax implications for the group but on the positive side Sterlite will immediately qualify for the FTSE250 Index. That should ensure a big appetite for its shares from the many funds that track the FTSE250.

During the Indian privatisation process Sterlite snapped up 51 per cent of Bharat Aluminium (Balco) and 46 percent of Hindustan Zinc (HZL). Now Balco is being expanded, along with Sterlite’s Madras Aluminium Co, to take the group’s combined annual aluminium capacity to 400,000 tonnes. In the circumstances it is not surprising that there are rumours about Sterlite lining up a bid for Nalco, another state owned aluminium group, which the government hopes to privatise later this year.

Hindustan Zinc can produce about 250,000 tonnes of zinc and 60,000 tonnes of lead a year and Sterlite expects to double this production by 2005, based on expansion at its Agucha mine.

Sterlite also expects to take its annual copper output up to 500,000 tonnes in the medium term. It owns the Mt Lyell and Thalanga copper mines in Australia (combined capacity 75,000 tonnes a year of copper in concentrates) and the Tuticorin copper smelter in India, currently being expanded from 170,000 to 340,000 tonnes a year.

This production estimate does not include any copper from Konkola Copper Mines (KCM) of Zambia where Sterlite has been selected as the preferred bidder to take over the role of lead investor to replace Anglo American (LSE:AAL). Anglo quit a year ago because it said it would not be able to raise project finance on commercial terms for a major expansion of KCM via the so-called Konkola Deeps project.

Sterlite’s proposed offer includes buying a 51 percent shareholding in KCM paying cash for new shares, a move that would inject substantial, but as yet undisclosed, funds to strengthen the Zambian company’s balance sheet. Sterlite has also committed to funding a substantial capital expenditure programme but, once again, nobody is giving any details yet.

Finally, there is even a little gold in the portfolio as Sterlite owns the Zog and Meghradzor mines in Armenia that between them can produce about 100,000 ounces a year.

Agarwal, who has made no secret in the recent past of his wish to move Sterlite’s primary stock exchange listing to London, reckons the group will be more highly valued here than in India and have a much higher international profile.

At least he can be very certain about the last point now that he is bringing Gilberston on board.

IrishGold
09-07-2003, 12:21 AM
I own almost 30,000 shares of GPXM so it is my main investment among the juniors.

My dollar cost average price is under .30 per share (it was WAY under until this last purchase) I have been adding a little every month that I don't buy physical with my PM allotment. I bought my first block about a year ago and then added more this spring.

Some of you may remember when I was torn between GPXM & SLGLF and bought the SLGLF and was I ever sorry! I still own it but my price in was around .58 so I'm a long way from well on that one!

Another reason I buy GPXM is because I give Certificates of Ownership
to my grandchildren for Christmas & birthday presents . I have made up a fancy certificate with a Golden Phonix rising from his ashes, (as in Harry Potter) in the background and it says in fancy lettering and language that they are the "owners" of x number of shares. I am the holder in trust for these shares and they can cash them in at any time. Only once has one of them sold some shares and I bought them. He sold at .28 and the next week it went to .33 and he tried to tell me he "didn't mean to sell them". I told him that a broker wouldn't let him do that, so why should I. I didn't give in and I hope he learned a lesson.
I have shown them how to track it's price on the computer and have put the GPXM website on their favorites list.

Scorpio
09-07-2003, 10:01 AM
I thought we were looking for SILVER STOCKS.

Not gold stocks, or having silver as an afterthought.

Am I mistaken??????

If we are doing primarily any stock, copper, gold, silver, platinum, then that opens the door to many more?????

ooooops, I reread Khans original and saw that he said stock, not silver stock, my fault.

G-khan
09-07-2003, 06:17 PM
I thought we were looking for SILVER STOCKS.

Not gold stocks, or having silver as an afterthought.

Am I mistaken??????

If we are doing primarily any stock, copper, gold, silver, platinum, then that opens the door to many more?????

ooooops, I reread Khans original and saw that he said stock, not silver stock, my fault.

You can pick any stock you want and still can just claim it as your pick..

You can change your mind but you must put in the current price....

G-khan
09-07-2003, 06:26 PM
The reason I pick this stock is because it is the number one producer of Silver and has a lot of it... I expect this to explode as the Silver price takes off from the coming shortage...

Coeur d'Alene Mines Corporation is the world’s largest primary silver producer and a significant, low-cost gold producer. The Company owns and operates two of the largest primary silver mines in the United States, and last year began production at a new generation of mines in South America, which rank among the world’s lowest-cost silver mines. During 2002, Company-wide silver production increased 36 percent to a record 14.8 million ounces while cash operating costs improved by over 22 percent. Gold production grew 22 percent to 117,000 ounces. The Company’s higher metals production, combined with lower costs and a significant reduction in overall debt, has resulted in improved cash flow, which has positioned the Company for its next phase of meaningful growth. In 2003, Coeur anticipates continued exploration success at its high-grade South American silver/gold mines, and a renewed focus on growth through acquisitions. The Company is also in the advanced development stage at its major San Bartolome, Bolivia, silver project. The Company’s shares are traded on the New York Stock Exchange (NYSE) under the symbol CDE.

Coeur's mission is to increase shareholder value by enhancing its pre-eminent position as North America's leading, low-cost primary silver producer while continuing to be a significant gold producer. Coeur was formed in 1928 and is headquartered in Coeur d'Alene, Idaho.

http://www.coeur.com/index.asp?pageItem=frontpage

http://www.coeur.com/index.asp?pageItem=properties

It is currently trading at 3.30...

NEMO
09-08-2003, 12:42 PM
Hellooo.... anybody hooome???....

Nope.. does not look like that... lets see what´s on the table....
A cold cup of coffee - a sheet of paper with some sort of contest written on it - some grafs and charts. Oh... one can win a silver coin - lets try it!

Where do I find a pen..... a pen... a p..yes here is a golden fountain-pen with a engraved G on it.... and a paper.
Lets see....

Dear G-khan

I would wery much like to partissipate (hmmm..does it spell like that..??) in the contest. My pick is Golden Star Res. at US$: 3.86 as I take down this not.
I have 300.000 shares that I bought last summer (2002) for 0.93 (jummy).

The total amount of shares are beginning to be large enough for institutions to enter the chase and.....
......I wonder how much one have to write.....huigghhheacsh....that was really the wrong end of a fountain-pen to shew on!!!

..and the management seems to use the cash that they get when they are diluting the shares - in a good way and in a far-sighted way.
That B Murphy is a sandwich-man for the company does not make it worse.
They will soon be a 300.000 - 500.000 oz company.
Here is were You find this fine company:
www.gsr.com/ (http://www.gsr.com/)

Best to You
NEMO

.....I´ll leav the paper here on the table with the coffee cup o..n ....whooops....
....I´ll clean that paper with my sleeve....like...that!!! ....Neat!.

...Well off we go...

FoundingFathers
09-08-2003, 06:51 PM
I am picking Wheaton River Minerals (WHT-AMEX) as my horse for this most interesting race. Wheaton has lots of gold and lots of silver - I am
copying here a post I made about it a few weeks back regarding my calculation of Wheaton's book value. Since then, the company has issued more shares - but has used the proceeds to buy high quality properties. Charts look great as well.

WHT - closed today @ $1.98 US

OK - some fundamental analysis.

Wheaton is showing a "book value" (assets less liabilities)
of $314,900,000 (roughly $315million). WHT has shares outstanding
of 244,368,000. Let's come up with a book value per share.


314,900,000/244,368,000 = $1.29 per share (US dollars).

The stock is now trading @ $1.44 per share or 1.1X book value.
Compare this to Goldcorp which is trading @ 7X book value.
or Newmont which is trading @ 13X book.

Granted - true "book value" on Gold mining stocks is hard to figure
because it doesn't really account for proven and potential reserves -
but the difference in valuations between a WHT and GG,NEM is eye-popping.

Wheaton's cost per ounce mined is $175. Seems like they have some
high quality properties.


----------------------------------------------------------------------


WHEATON TO ACQUIRE GOLD DEVELOPMENT PROJECTS IN MEXICO INCREASING PRODUCTION TO 700,000 OUNCES

Vancouver, British Columbia: September 3, 2003 - Wheaton River Minerals Ltd. ("Wheaton River") is pleased to announce that it has entered into agreements with Teck Cominco Limited ("Teck Cominco") and Miranda Mining Corporation ("Miranda") to acquire a 100% interest in the Los Filos Gold Deposit, together with a 21.2% interest (of which 14% is a carried interest) in the El Limón Gold Deposits, both located in Guerrero State, Mexico, for US$87 million in cash.

Ian Telfer, Chairman & CEO said, "Wheaton River is very excited about the growth potential of the projects and our ability to utilize the existing Luismin infrastructure we have in Mexico. Los Filos and El Limón will be another step forward in the growth of Wheaton River as a dynamic global gold producer. We are confident we can bring Los Filos into production by 2006, which should increase our projected annual production to over 700,000 ounces at cash costs of less than US$140 per ounce. Wheaton currently produces over 500,000 gold equivalent ounces at a cash cost of approximately US$100 per ounce and has over 4 million ounces of in proven and probable reserves. This acquisition will add significantly to both production and reserves going forward."

Conference Call Details

There will be a conference call to discuss this acquisition on Thursday, September 4th at 11:00 a.m. Toronto time. You may participate in the call by dialing 1-877-323-2093, or for those outside of Canada and the United States, by dialing (416) 695-9707.

Los Filos Gold Deposit

Wheaton River is acquiring a 100% interest in the open pittable heap leach Los Filos Gold Deposit. Teck Cominco has explored Los Filos with over 400 drillholes totaling 90,000 metres of drilling and using a cutoff of 0.5 grams of gold per tonne ("g Au/t"), estimated a measured and indicated resource of 38.4 million tonnes grading 1.44 g Au/t (1.77 million ounces) and inferred resources of 11.0 million tonnes grading 1.35 g Au/t. Column testwork to date on Los Filos samples has indicated heap leach recoveries in excess of 70%, and Wheaton River will be investigating the potential benefits of fine-grinding a higher grade portion of the ore feed.

On several satellite zones within one kilometre of Los Filos, early stage exploration indicates potential to expand the resource base.

Wheaton River plans to complete a feasibility study on the Los Filos deposit during 2004, and commence construction immediately thereafter. Capital costs are expected to be in the order of US$80 million, which Wheaton intends to fund through a combination of project debt and internally generated cash. This mine will start production in late 2005.

El Limón Gold Deposits

Wheaton River is also acquiring a 21.2% interest in the El Limón Gold Deposits, (of which 14% is a carried interest) with Teck Cominco owning the remaining 78.8%. The El Limón Gold Deposits are a series of skarn related deposits located 15 kilometres north of Los Filos. In September 2002, Teck Cominco completed a resource estimate based on 35 reverse circulation drill holes and 25 diamond drill holes totalling approximately 10,000 metres of drilling. Using a cut off grade of 0.8 g Au/t, inferred resources totalled 15.9 million tonnes grading 3.35 g Au/t.

Subsequent drilling by Teck Cominco has focused on expanding the resources of the El Limón Gold Deposits, and several new zones have been identified. Teck Cominco has only recently completed the latest drilling campaign, and is currently updating the resource estimate for El Limón. The updated resource estimate is expected by the end of September 2003. Wheaton River is excited to partner with Teck Cominco in advancing the El Limón deposits towards production.

Nukay Mine

Wheaton River is also acquiring the Nukay Mine situated in Guerrero State, Mexico, which has been in operation for almost 20 years. The Nukay operation has produced approximately 90,000 ounces of gold over the last five years at an average cash cost of US$164 per ounce. Wheaton River intends to conduct a thorough review of mining operations upon completion of the acquisition.

Summary of the Acquisition

The Los Filos Gold Deposit is owned by Minera Nuteck S.A. de C.V. ("Nuteck") which is owned 70% by Teck Cominco and 30% by Miranda. Miranda is also the indirect owner of 21.2% of Minera Media Luna S.A. de C.V. ("MML") which owns 100% of the El Limón Gold Deposit. The remaining 78.8% of MML is indirectly owned by Teck Cominco. Miranda is also the indirect owner of a small producing gold mine known as the Nukay Mine.

Wheaton River has entered into a letter agreement with Teck Cominco pursuant to which Wheaton River will acquire all of the shares of Nuteck indirectly held by Teck Cominco for US$48.4 million payable in cash. The purchase of the Nuteck shares by Wheaton River is subject to a number of conditions, including entering into a definitive agreement of purchase and sale and Wheaton River completing the acquisition of Miranda as detailed below.

Wheaton River has also entered into an agreement with Miranda pursuant to which Wheaton River has agreed to make an all cash take-over bid to acquire all of Miranda's common shares for a total cash consideration of US$38.6 million.

Shareholders of Miranda, including Enrique R. Miranda-Paz, Miranda's, Chairman, President and Chief Executive Officer, owning or controlling 61.5% of the outstanding Miranda shares, have entered into Lock-Up and Support Agreements with Wheaton River pursuant to which they have irrevocably committed to tendering their Miranda shares to Wheaton River's offer and to otherwise support the transaction.

The board of directors of Miranda has unanimously recommended that Miranda shareholders accept Wheaton River's offer. Wheaton River's offer will be made by way of an all cash take-over bid to be governed by applicable securities laws. The take-over bid will be subject to customary terms and conditions, including the condition that at least 90% of the Miranda shares are tendered to the bid. The bid will also be subject to Wheaton River completing the acquisition of Teck Cominco's 70% interest in Nuteck.

Closing of the acquisition of the Nuteck shares from Teck Cominco and completion of the take-over bid for the Miranda shares will likely occur within the next 60 days. Completion of the transactions is also subject to, among other things, receipt of all requisite regulatory approvals and third party consents by Wheaton River.

To read more on Mineral Reserves and Resources, as well as, Drill Results, please go to www.wheatonriver.com for full press release.

Libertarian_Guard
09-17-2003, 02:46 AM
USA Technologies inc. (ustt.ob)
closing price on 9/16/03 $0.41

I will play a hunch here that USA Technologies will be moved off the pink sheets and on to the AMEX. Should that come to pass it could be trading at around $1.00 by years end. Also the company stands to profit from an increase in cashless transactions...and from what I have been reading on this forum cashless transactions are a growth busisness.

http://finance.yahoo.com/q/pr?s=USTT.OB

GoldenTiger
09-17-2003, 11:43 PM
Irishgold picks have a photo finish, since I own all four. :D I have to read with my little girl so I will pick one stock later to beat these 4 by a nose. :shine:

IrishGold
09-17-2003, 11:58 PM
Hah! after two readings of The Cat in The Hat or Green Eggs And Ham, or whatever it is kids want to have read to 'em now days, you're gonna pick sumpin like............ lets see..............Gold-R-Us ......Ha!Ha!

GoldenTiger
09-18-2003, 10:59 PM
Tumi Resources 9/18/200 price is .45 US

I believe that with Silver prices fixing to fly(according to SilverStreak) this company will do great with only 8 million shares outstanding(according to CBS Marketwatch) and potential of more than 50 millions ounces of silver with some gold too makes this is a double play.

This is from old Ormetal Report.
(TUMIF.PK, US ) reached a price of $C0.90 (US$0.63) last week on
favorable drill results from their 2003 drill program. First
drill results have been received from five holes completed
at El Abra, and three from Famosa and San Pedro. A
number of very significant intersections have been drilled
at El Abra including 18 metres grading 2.03 g/t Au and 316
g/t Ag in one hole and 14 metres grading 1.44 g/t Au and
221 g/t Ag in a second hole. The results confirm the
underground samplings taken last year at this former mine.
More drilling will be needed to confirm the potential of more
than 50 millions ounces of silver and 500,000 ounces of
gold estimated by several consultants. As of today, a
ressource of 20 millions ounces of silver and 100,000 ounces
of gold is inferred. We think Tumi is an excellent long term
silver speculation for those who believe silver will sell north
of US $5 in the coming years. The company has a small
capitalization of only US $3 millions or so. Prudent Bear
Funds owns 500,000 shares in Tumi.
Tumi Res Ltd (TSXV) Profile News Chart Analyst Insider Financials Msgs SEC Options More



CA:TM Last: 0.60 Change: +0.03 +5.26% Volume: 12,500 4:50pm

Open: 0.63 Yield: n/a Shares Out: 7.79M

High: 0.63 P/E Ratio: n/a Market Cap: 4.68M

Low: 0.60 EPS: -0.11 52wk High: 1/13/2003 1.35

Bid: 0.60 Ex Date: n/a 52wk Low: 11/6/2002 0.26

G10
10-10-2003, 01:52 AM
2003-10-09 closed @ $1.41 (Canadian Pesos)

Exchange & Symbol: TSX-V: CBR
Shares Issued & Outstanding: 15,365,089
Fully Diluted Shares: 22,151,960

http://www.committeebay.com/

- speculative stock: grassroots exploration stage
- exploration taking place on one of the largest under explored greenstone belts in NA (many significant Au deposits occur in Archean greenstone belts).
- grab samples and drill hole intersections with impressive grades (2 - 62 g/t Au).
- management dominated by "rock sniffers"
- Committee Bay Greenstone belt is in Nunavut Territory, Canada ---> political stability!
- low number of outstanding shares

I feel the stock has good speculative potential. If they keep getting some nice intersections the stock price should keep moving up. If they can eventually "prove up" > 1,000,000 oz then it's off to the moon (they could burn up a lot of money getting to this stage though). We shall see .... it's a crap shoot.

I don't own any stocks yet ...... just found this one.

cheers,
G10

SilverStreak
10-30-2003, 09:35 AM
http://goldismoney.info/forums/images/smilies/woohoo.gif My pick was CFTN.PK a while back at 31 cents and what was the dog of my portfolio has now grown up thanks in part to Jason Hommel and now today at 73 cents it is up by 135% so G-Khan that silver coin is lookin better and better---Ha Haa Haaa

Scorpio
11-13-2003, 07:45 PM
Drum roll please:

The current standings in the stock picking contest are as follows,

:bowdown: to Silver Streak

There have been some great picks here guys and gals, great gains so far.

:applause_ :rock: :burnout: :ThankYou:

GoldenTiger
11-13-2003, 10:19 PM
SilverStreak had open heart surgery yesterday, so please
keep him in your thoughts and prayers. I left email for his
wife to get a status.



Drum roll please:

The current standings in the stock picking contest are as follows,

:bowdown: to Silver Streak

There have been some great picks here guys and gals, great gains so far.

:applause_ :rock: :burnout: :ThankYou:

IrishGold
11-13-2003, 10:21 PM
GoldenTiger, was it expected or emergency surgery?

GoldenTiger
11-13-2003, 10:32 PM
IrishGold,

It was it unexpected. He left church Sunday to go to ER.
They did ballon work Monday to find 98% blockage. I talked
to him after wife left me email at the hospital Tuesday night
for a little while. He was still telling me that I need to sell gold
shares for silver shares.

GoldenTiger
11-13-2003, 10:44 PM
Scorpio,

Did you get ECU press release today ? http://goldismoney.info/forums/images/smilies/banana.gifhttp://goldismoney.info/forums/images/smilies/banana.gifhttp://goldismoney.info/forums/images/smilies/banana.gif

PRESS RELEASE

For immediate release

Source : ECU Silver Mining Inc.

Head office
559 Témiscamingue
Rouyn-Noranda
Québec, Canada
J9X 7C8
Tel : (819) 797-1210
Fax : (819) 797-2536
ecu@ecu.qc.ca
www.ecu.qc.ca (http://www.ecu.qc.ca)
TSX: ECU


ROUYN NORANDA, November 13th 2003 – ECU Silver Mining Inc. (TSX : ECU)

("ECU Silver") announces today that, as a result of legal proceedings which have been ongoing betweenit’s Mexican subsidiary, William Minera S.A. de C.V. ("William"), and Minera Hecla ("Hecla"), William has acquired mill equipment located in Velardeña, Durango, Mexico, which was previously owned by Hecla and used by Hecla to process the ore from their San Sebastian project. Once William completes the procedures necessary to take possession of such equipment, it intends to install a mill in close proximity to its mine and thereby realize substantial savings in terms of transportation and operating costs.

In the meantime, as a result of illegal measures taken by the previous owner of the mine now operated by William, operations at the mine have been temporarily interrupted. William is in the midst of taking the appropriate legal remedies in order to remedy this situation and expects to resume operations at the mine shortly.

In the latest metallurgical test related to improving recoveries, the ore from the Santa Juana mine was processed using standard cyanidation after oxidizing the ore which is the first part of the Nichromet process. Recoveries improved from 75 to 80% for gold and from 30 to 60% for silver. With these, the Company is ready to go to the next stage, industrial testing. Three different options to install a pilot plant are currently being reviewed and a decision on the most appropriate will be taken before year-end.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the veracity or exactness of this press release.

Contact : Michel Roy, President
TEL:819-797-1210
TEL:011-52-871-727-1061
-30-

IrishGold
11-13-2003, 11:14 PM
IrishGold,

It was it unexpected. He left church Sunday to go to ER.
They did ballon work Monday to find 98% blockage. I talked
to him after wife left me email at the hospital Tuesday night
for a little while. He was still telling me that I need to sell gold
shares for silver shares. Thanks GoldenTiger, be sure and give him the best from all of us when you have contact again. Tell him IrishGold said I need his help here with all these new guys!

lhslancers
11-13-2003, 11:28 PM
I can't speak for the other new guys but I know that he who has the GUNS makes the rules right George?

IrishGold
11-13-2003, 11:44 PM
I can't speak for the other new guys but I know that he who has the GUNS makes the rules right George?
That's usually the way it goes Ihslancers.

My comment here was due to the fact that SilverStreak was a PM dealer back in the 80's when gold and silver made their runs. He has a lot of good information that he has shared with us here, and he is a true silver bug!

Scorpio
11-14-2003, 12:44 AM
No Golden Tiger I did not, Thank You very much.

I had exited my original funds today at targets, and now the balances will be in let it ride status.

That rise today put me over double status. An order can sit there for a long time, and when it finally hits, you wonder what caused it. Now I know. With these high risk moves, I tend to pull original funds out as soon as expected double or triple is made, then let the rest run. You can then move those funds into more solid plays like GG, HMY or whatever your flavor is. It actually strengthens your portfolio while you look for more fliers.

Silver Streak, good luck and may the wind be at your back as you travel this road.

Scorpio