Lyxr $ Frn Discussion Threads

[laserdisc] 13/9/2011 09:03

re ksm looks like they had a bit of publicity here



lots of unknowns still mainly how do they mine do they have envirom permits do they have enough cash to build a road if feasable.. one to watch for me need a lot more info but the grades look v good

[laserdisc] 12/9/2011 19:20

looks like they encashed the warrants straight away to buy at 10c

12.5c to buy now
not done enough reasearch to buy in but looking at a report grades for gold silver look good also has coppe

[mattybuoy] 12/9/2011 18:54

Kingsman is taking off even under the current "down every day" conditions.



There's been no formal news but according to SH the drill was on site at the beginning of the month.

[roguetreader] 05/9/2011 12:42

Anyone got an interest or view on u3o8 (uwe) A uranium explorer on TSX-V?

[liquid millionaire] 26/8/2011 11:40

RED CRESCENT PROVIDES PROGRESS UPDATE ON DEVELOPMEN​T OF ITS HAKKARI ZINC PROJECT



Good Afternoon,



Please be advised of a positive press release from Red Crescent Resources (RCB – TSX), released yesterday evening. Note the significance of this announcement is a change of strategy: by mining underground it will access the higher grades much quicker than by bulk mining methods, which should all going well, bring cashflow to the table much earlier than originally envisaged:


Sent: 25 August 2011 20:18
Subject: RED CRESCENT PROVIDES PROGRESS UPDATE ON DEVELOPMENT OF ITS HAKKARI ZINC PROJECT



RED CRESCENT PROVIDES PROGRESS UPDATE ON DEVELOPMENT OF ITS HAKKARI ZINC PROJECT

- Confirms presence of multiple-phase zinc mineralization containing oxides and suphides –



FOR IMMEDIATE RELEASE

Toronto, Ontario – August 25th, 2011 – Red Crescent Resources Limited (TSX: RCB), a mineral exploration and development company focused on base metals in Turkey, today provided an update on the progress of its Hakkari Zinc Project, including the implementation of a new strategy designed for improved capital efficiency and exploration activities.



"Following a formal review of our Hakkari operations, we are deploying a revised strategy that will focus on underground exploration and development activities," said Alan Clegg, Chairman and CEO of Red Crescent Resources. "These efforts, which will incorporate full mining development, mineral processing and exploration for resource generation, will allow us to better utilize our cash position and accelerate the development of our Hakkari Zinc Project."



The Company expects that some surface based diamond core drilling will continue, but only in areas where the terrain offers efficient access and sufficient resource generative capacity, including its Licence No.5 where a road building program to access the mapped higher grade (determined by laboratory assays on grab samples) outcropping and steeply dipping mineralised zones to the south is approximately 90% complete. Red Crescent expects that results from trenching and drilling of these areas will be forthcoming in the fourth quarter of 2011.



The Company also reported that recently completed drill holes on its Licence No.8 and Pentagon area have delivered the expected potential mineralisation both in terms of thickness and measured grade, with over 10m oxide mineralisation in core (approximately 8m true thickness) at a depth of 121m and core surface spot grades measured using handheld InnovX Delta (Ultra High Resolution unit with Silicon Drift Detector) XRF spectrometer of between 20% and 34% Zinc. These grades are to be confirmed by the usual laboratory assays. See attached photographs 'A' and 'B' showing example of the core spot surface grades measured. (NB: InnovX units are Fundamental Parameter based calibrated and certified units by the manufacturer for in-situ mineralisation, broken ore, and percent level analysis of process bulk samples.)



Trenching and drilling operations on its Licence No.26 have delivered a zone of oxide with sulphide mineralisation of average 4.5m thickness over a clear and extensive strike and with a handheld InnovX Delta XRF spectrometer measured in-situ surface spot grades between 17% and 49% Zinc. These grades are to be confirmed by the usual laboratory assays. See attached photographs 'C' to 'F' showing examples of the trench spot surface grades measured. Due to the terrain control at Licence No.26 further exploration will continue using outcrop trenching along strike, establishment of underground decline shaft development in the mineralised zone with establishment of underground drill stations for resource drilling.



The Company has also opened and is rehabilitating old underground workings on its License 8 of significant extent believed to encompass over 500 metres of tunnel and additional small hand-got room & pillar stopes, all of which are within the approximately 6m to 8m thick mineralised zone. See attached photograph 'G'. A channel sampling program within the workings, as well as establishment of several underground diamond drill stations, is due to begin as soon as the workings are made fully safe with established ventilation and lighting.



While cleaning out these old workings, Red Crescent extracted in excess of 1,000 tonnes of mineralized material grading an apparent average from handheld InnovX Delta XRF spectrometer measurement of +17% Zinc which, provides ideal feed material for the Hakkari Gravity Concentrator due to be commissioned in October, 2011. Consistent with its established off-take agreement, Red Crescent fully expects to make its first positive cashflow from both DSO (Direct Shipping Ore) and concentrate sales in the fourth quarter of 2011 as planned.



Red Crescent has now completed the outstanding detailed topographic survey required to confirm the resource drilled at Licence No.8 area during last season and reported on in the February 2011 NI43-101 report as non-compliant pending this survey. This is expected to add a compliant inferred resource per the February 2011 report of approximately 200kt at a grade of 10.5% Zn. The Company remains focused on increasing its compliant resource post the current drilling season and after resource modelling of all assay results continues to target an inferred resource of 10Mt at +15% Zinc equivalents.



Clarity on conflict in the region neighboring Hakkari



Red Crescent also provided clarity on the effects on the Company's day-to-day operations of the publicly- reported conflict and operations by Turkish Armed Forces occurring in N. Iraq near the Hakkari region against insurgent attacks on military resources of the Turkish state.



Mr. Clegg commented, "Red Crescent has an intimate understanding of the local environment with strong stakeholder management and relationships in place. These have resulted in fully effective and harmonious relations within a predictable and manageable operating environment for our projects, which enjoy the highest level of support across the entire stakeholder spectrum. As a result, our operations are unaffected by recent developments and our efforts to advance our project in Hakkari are very much in effect. The same holds true for our projects at Sivas and Tufanbeyli, which are situated in the north-east and south-central part of Turkey. We shall keep our investors appraised of developments as appropriate."







PHOTOGRAPH 'A' – XRF GRADE MEASUREMENT 25.8% Zn ON LICENCE No.8 CORE







PHOTOGRAPH 'B' – XRF GRADE MEASUREMENT 34.1% Zn ON LICENCE No.8 CORE







PHOTOGRAPH 'C' – XRF GRADE MEASUREMENT 16.9% Zn ON LICENCE No.26 TRENCHING







PHOTOGRAPH 'D' – XRF GRADE MEASUREMENT 24.8%% Zn ON LICENCE No.26 TRENCHING







PHOTOGRAPH 'E' – XRF GRADE MEASUREMENT 39.1%% Zn ON LICENCE No.26 TRENCHING







PHOTOGRAPH 'F' – XRF GRADE MEASUREMENT 49.3% Zn ON LICENCE No.26 TRENCHING



Mike Robertson, a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this release.



Forward-looking statements

The statements made in this press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.



About Red Crescent Resources

Red Crescent Resources (TSX: RCB) is a Turkey-based junior mining company targeting historically inaccessible areas where no modern application of exploration techniques or technology has been applied, with high potential for discovery of significant base metal deposits. For more information, please visit: www.redcrescentresources.com



For additional information, please contact:

TMX Equicom

Joe Racanelli; [phone] ext 243

[e-mail]



Alan Clegg

Red Crescent Resources

Tel: [phone]

Tel: [phone]; Fax: [phone]

[e-mail]

[jonno1] 24/8/2011 18:16

Came across this today NZ.V, another New Zealand play like TAG, looks like they only listed this month, and have hit Oil already...

[jonno1] 15/8/2011 06:33

+ very low float

[mattybuoy] 14/8/2011 20:14

It seems that IFR is basically a royalty company, with a 15% GORR on its Alberta Bakken lands. Nice :-)

[jonno1] 09/8/2011 06:55

Been buying IFR.V the last few weeks, low float , fantastic potential news, and has held remarkably the last week. Has lots of lease fee land in Montana/Alberta.

[mattybuoy] 08/8/2011 23:16

Bad day today ...

Unless you are FNV.WT.A which went up over 12% :-)

I lied about the liquidity though, it sucks.

[mattybuoy] 01/8/2011 23:34

Franco-Nevada (FNV)

Along with Royal Gold (RGL) this "big daddy" of the royalty companies is far and away the safest way to play gold on the market. Gold royalty companies have the same leverage to gold as the major/intermediate producers but without the risk of cost inflation.

What if you want more leverage though? Well how about some warrants?

FNV.WT.A expires in June 2017 and has an exercise price of $75. It's currently trading at $6 with the shares at around $40.

So if you think FNV will be trading above $90 in 2017 then these might be worth a look. The leverage is over 6x ...

FNV should more or less triple free cash flow by 2015, assuming a constant PoG and all the planned mines coming onstream when they should. Add in another two years growth beyond that and the inevitable rise in PoG and I think the warrants present quite a compelling case. They're very liquid too.

[jimbowen30] 28/7/2011 08:34

Morning all,

I posted this on the GOLD thread and would be interested to hear other people's thoughts on Oro....

Amongst the smaller stocks I particularly like the look of Oro Mining (OGR) which has a number of projects all in Mexico. The management team looks impressive and it's run by John Brownlie who has put five mines into production - Capital Gold was the last one, which he did on time and budget. Capital has since been taken out. Oro has a market cap of $40m, which looks very cheap compared to potential profit of $50m in 2013. They are aiming to produce 40-60k oz pa from the Taunus mine, which will cost about $35-$40m to put into production. Worth having a look at the company presentation:

[jonno1] 27/7/2011 06:28

TPL news looks reasonable...

[mattybuoy] 26/7/2011 20:42

I'm watching this one now, courtesy of the estimable Stateside Report.



44m shares for a $4m market cap.

They should be drilling in August at the International Basin project in B.C. Previous grab samples have been rather good. It's gold/silver/copper/lead/zinc in veins.

[andy] 26/7/2011 13:36

NKL was a fluke really, as the business changed from my original investmet, with the PCY properties being vended in and many more shares being created, which led me to take profits at that stage, so I was only running profits here before the spike.

luckily I sold early on yesterday and missed the selloff, just a tinmy amount remaining now which I will hold for the long term, as this is some way off production yet.

[mattybuoy] 25/7/2011 23:18

Yes Tom McNeil is over-enthusiastic with timeframes, but seems pretty much spot on with the eventual outcomes. FNR is a perma-hold for me so I'm OK with that.

Nice one with NKL. I was wrong, as usual ;-)

[andy] 25/7/2011 22:57

MATTY,

"over enthusiasm"?

I am running the profit on these, sold most at $4.79 this afternoon, a very profitable day for me, and cash available for investment elsewhere.

[mattybuoy] 25/7/2011 22:25

Isn't that one something to do with former Silver Standard management?

-----
Here's another FNR holding that is looking lively. Volumes picking up etc.



122m shares out for $15m market cap.

It recently acquired some Bakken land in Sask. Other than that I've not looked closely but I trust FNR. You really need to listen to Tom McNeil's conference calls to receive some enthusiasm :-)

[mattybuoy] 25/7/2011 21:20

Like this?



I literally just pasted in the URL. It still works even if it splits it over two lines.

[liquid millionaire] 25/7/2011 21:07

Apologies Mb tried to provide a link to the whole RNS via Market Watch but no go as perhaps the RNS was just too long?

[liquid millionaire] 25/7/2011 21:02

TSX listed LYD



"We are very pleased with the results of this study, particularly considering the fact that the Base-Case is premised on a conservative pit shell at the Tigranes and Artavasdes areas only and optimized using a gold price of US$1,000 per ounce" said Tim Coughlin, Lydian's President and CEO. "The Sensitivity Case shows the impact of adding further resources at Erato and obviously increasing the resource there, and at newly identified areas at Amulsar is a major focus of the 2011 drill program. This PEA is in line with expectations at this stage of the projects' development and we are confident we can further improve the economics by increasing the overall resource and resource confidence with additional drilling and by future engineering studies later this year".

[mattybuoy] 25/7/2011 19:33

I suppose that sort of over-enthusiasm is why I like the Canadian market. Such a contrast to the be-grudging show me the money attitude of London.

Now here is a heads up, as we're talking about metals.

Mayen Resources (V.MYM) is a shell company currently halted pending a reverse takeover by private Kimpar Resources, which is a 49 North investee company. Assuming the deal goes through, this one could be well worth keeping an eye on.



If you can spare a few days, there is loads of information about this and all FNR's other activities available within the conference calls on the website.

[andy] 25/7/2011 13:36

Hi Matty,

Thanks, it is quite a deposit though, 12m ozs au at any place in a safe jurisdiction is a good starting point IMO.

I agree the share price looks toppy, but there's a CC at 17.30 today so will be listening in for any further information.