Lyxr $ Frn Discussion Threads

[pezza4] 09/3/2012 19:05

Hi Matty and all do any of you have HRN Horn petroleum they are operator of the Puntland drill in Somalia and have 60%. I managed to get an order part filled today and Red Emperor who own 20% have doubled recently as the drill get more derisked

[mattybuoy] 27/2/2012 22:53

DBL was a long-shot which didn't work out. Maybe next time, if there is one ... Upon checking I see that it now trades at 7.5c, ouch.

TAO goes from strength to strength, and all on the basis of "conventional" stuff in the Taranaki Basin.

I still think that PSN is the best play out there right now though, on a risk-reward basis. It's had a good 50% run since the spin-off, but is only just getting started really. The yield is still rather tasty at 6.5% and there is every chance of a dividend hike some time later this year.

Keith Schaefer has it as his top pick for 2012:



Press F5 then Stay on Page (or OK?) to get the text version instead of the slides.

[jonno1] 22/2/2012 16:09

CA$ 9:50 ATH at TAO

[cashandcard] 14/2/2012 11:33

Matty


What about Darnley Bay, did you ever get into that?


Cash

[john ford timmins] 14/2/2012 11:30

Longreach Oil and Gas, very off radar.

[pr0t0n] 26/1/2012 12:42

Picked up few of these

Results expected soon , ticker CJC

[sage of suffolk] 25/1/2012 09:36

Woulfe Mining WOF (NOT Wolf wlfe)

The announcement yesterday, see below looks encouraging.
Woulfe owns, historically, one of the largest tungsten mines in the world which it is going to bring to production. Independently valued in 2011 @ $300M.
But just for good measure it also owns South Korea's largest gold mine.
Recent resource upgrades on both properties. Plus other properties with potential.
All for a market cap of $58M @ $0.20 cent purchase price.

Link to website

August:
-Ross Glanville and Associates Opinion August 2011:

-Non Public PWC current Valuation done in September 2011 stating consistent valuation of Ross Glanville:

See Page 38 here.


From: Woulfe Mining Corp. [mailto:nsmith=[e-mail]] On Behalf Of Woulfe Mining Corp.
Sent: 24 January 2012 15:30

Subject: Woulfe Mining Increases Indicated Resource by 2.75 Times to Support the Initial 10 Years Mining at Sangdong

Woulfe Mining Increases Indicated Resource by 2.75 Times for Initial 10 Years Mining
________________________________________
January 24 2012 TSX-V: WOF
FWB: OZ4
OTCQX: WFEMF
________________________________________

Vancouver, BC, Canada – January 24th 2012 – Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX-V: WOF OTCQX: WFEMF, Frankfurt: OZ4) is pleased to announce the following completion of the phase 2 drilling and further historical data compilation at the Sangdong mine in South Korea, Tetra Tech Wardrop (Tetra Tech) have completed an update of the Mineral Resources. The Resource for the skarn mineralised zones is summarised in Table 1.

It is important to note that this Resource represents mineralisation only within the Upper Section of the mine. The Resource given in Table 1 represents approximately one-quarter of the known dip length, broadly that above the historical -2 level, of known mineralisation from the old mine. An updated estimate for the mineralisation down dip will be forthcoming in the near future. Woulfe are continuing to drill and explore within the accessible working areas to refine the Resource.

Table 1. Resource estimate for Sangdong, skarn mineralised zones, Upper Section.

Class Skarn Zone Tonnes Density WO3 (%) MoS2 (%)
'Indicated' Main 5,952,106 3.25 0.50 0.03
'Indicated' Footwall F2 2,298,570 2.98 0.63 0.04
'Indicated' FW Intermediate 5,576,578 2.91 0.27 0.03
'Indicated' Footwall F3 2,604,460 2.96 0.56 0.05
'Indicated' Total 16,431,714 3.05 0.45 0.04
'Inferred' Hangingwall 7,191,922 2.96 0.58 0.08
'Inferred' Main 259,481 2.92 0.52 0.02
'Inferred' Footwall F2 2,680,957 2.91 0.50 0.03
'Inferred' FW Intermediate 6,523,488 2.88 0.23 0.02
'Inferred' Footwall F3 2,712,775 2.90 0.49 0.03
'Inferred' Total 19,368,623 2.92 0.44 0.05

Details

This Resource update (effective date January 5th, 2012) represents the combination of the new compliant phase 2 drilling results and further compilation of detailed historical geological and mining data.

Work concentrated on developing more detailed models of the three skarn zones from both drill data and additional historical geological mapping. Importantly, additional Intermediate alteration mineralisation was defined between the two thinner skarn zones, the F2 and F3 zones, that go to make up the footwall zone. Additional mining records were digitised and detailed models of historical mining depletion were created.

Each of the skarn zones is described below. In each figure blocks in green are of Indicated category, blue of Inferred category. Blocks shown in red are not classified for reasons described by zone.


Hangingwall Zone

Figure 1: Illustrative perspective view of the model of the Sangdong Hangingwall Zone with historical workings.


Figure 1shows that the Hangingwall Zone above -2 level is unclassified in this update. This is a change from the interim resource update of July 2011. Geotechnical studies showed poor ground conditions in this upper area where this zone is close to the surface. In addition the phase 2 drilling encountered consistent problems in attempting to core this zone with little addition to the sample inventory. This reduction in confidence in this zone at this level in the mine led to non-classification. Tetra Tech note, however, that there is still good potential for this zone down dip, which will be reported in the near future.

Main Zone

The detailed study of historical mining areas largely concentrated on the Main Zone. Areas of mining depletion were modelled and Figure 2shows the effects of historical mining. The Main Zone is largely mined below the -2 level as shown by the blocks in red. A zone of Indicated mineralisation is defined on the Eastern periphery of the Main Zone. The down dip Resource potential is thought to be limited to pillars remaining in the lowest levels of the old mine.

Foot wall Zones

The footwall zones were the main subject of the detailed study of historical geological mapping and distribution of the mineralisation. This resulted in a change of approach from that in the Interim Resource report. This estimate has divided the Footwall Zone into two separate skarn zones, the F2 and F3 zones, plus a zone of lower grade alteration material between these zones termed the Intermediate Zone. It is anticipated that in some areas it will be possible to mine the three units together and this will be determined in the current Feasibility Study work. Figure 3shows the distribution of Indicated and Inferred blocks in the F2 Zone. The current modelling is consistent with historical down dip information for the Footwall Zone and the down dip potential of these zones is good and will be reported in the near future.

Figure 2: Illustrative perspective view of the model of the Sangdong Main Zone with historical workings.


Figure 3: Illustrative perspective view of the model of the Sangdong F2 Zone with historical workings.



Future work

Woulfe are continuing to drill, explore and sample within the Upper Section of the old mine and plan to dewater down to -4 level in the near future to allow these efforts to be expanded. Definition and refinement of the Sangdong models will continue as more underground drilling is completed. This data will increase the sample density increasing the area meeting the criteria for the 'Indicated' category.

This news release has been reviewed and approved in the form and context in which it appears by Mr Paul Gribble FIMMM, C.Eng, of Tetra Tech who are working with Woulfe on the Sangdong studies. Mr. Gribble has appropriate qualifications and sufficient relevant experience to qualify as a Qualified Person for the reporting of mineral resources and exploration results for the Sangdong deposit.

Brian Wesson, President and CEO of Woulfe Mining, commented, "The drilling programs have been successful and produced a significant upgraded in the indicated resource. The proving up of over 10 years of mining resources to accommodate the mining of 1.2 million per annum from above the valley floor (above 2 level) takes the project forward a large step as it provides sufficient ore for the feasibility. The feasibility study is running three months late due to the drilling and the metallurgical test work which was moved to China. Tungsten was mined and APT manufactured for many years by the previous mine owner Korea Tungsten. Woulfe is focused on reconfirming the recoveries and looking to optimise the flow sheet using new age Chinese technology that has been developed over the last 20 years as the world's largest APT supplier. Feasibility is due for release at the end of the quarter."

On Behalf of the Board of Directors
Woulfe Mining Corp.

"Brian Wesson"

BrianWesson (FAusIMM)
President, CEO and Director

About Woulfe Mining Corp.

Woulfe Mining Corp.is a TSX-V listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.

The company's current projects include the Sangdong tungsten-molybdenum mine, historically, one of the largest tungsten mines in the world; the Muguk gold-silver mine, formerly South Korea's largest gold mine, as well as a number of other properties with significant known mineralization and excellent regional exploration potential.

Woulfe has high expectations for near-term, low-cost production. The company has assembled a highly skilled, in-country, bilingual technical team and a board of directors with an outstanding track record of success.

For more information, please contact –

Nicola Street Capital
Nick Smith
Mobile phone [phone]
[e-mail]

or

Renmark Financial Communications
Barbara Komorowski
Office phone [phone]
[e-mail]

or

Woulfe Mining Corp.
Administration Office
[phone]
[phone] (FAX)
[e-mail]
www.woulfemining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[skyship] 20/1/2012 09:42

Spanish Mountain Gold (see my 757 above) has drifted right back to 62c - presumably some residual selling from the last placing @ 60c. Looks really cheap again; but who really knows with these mining stocks!?/~#

IMO a good Canadian core holding is the investment trust Canadian & General Investments (TSE:CGI & LSE:CGI). At a 24% NAV discount it is now at the near maximum discount level - seems to trade between 17% - 24% discount; so a closing of that discount provides additional upside to any portfolio or currency gain.

With a yield of 5.4% it is a secure banker - no fireworks, but the sort of holding that rests easily in a SIPP.

[andy] 19/1/2012 09:12

pto0t0n,

Many thanks, and they use fully diluted, which is refreshing.

I follow a few of those.

[pr0t0n] 18/1/2012 14:34

Interesting report...few familiar outfits :

The Caesars Report Mining Top for 2012 only contains mining stocks
we believe will perform better than their peers this year. Our aim is to
outperform the markets, through picking undervalued shares with an
acceptable risk/reward ratio.
Please note that all market capitalizations mentioned in this report are
fully diluted.

[pr0t0n] 17/1/2012 13:22

That`s better ;)

[jonno1] 17/1/2012 12:47

pr0t0n

sorry I posted the wrong link, this is the latest from two day ago

[pr0t0n] 17/1/2012 11:41

Thanks JONNO.

Only Running Fox in that report ; ~)
Anyone have an opinion on these guys ?
Border Petroleum Corp. TSX: V.BOR

[jonno1] 17/1/2012 11:39

pr0t0n



If you haven't got it

[pr0t0n] 17/1/2012 10:12

Thanks SKYSHIP....have that one on a watch list for a while, not invested yet.

Guys, any undervalued oil explorer in Alberta ? or list of explorers that operate there.

[skyship] 15/1/2012 18:10

Q.: "Anyone got any suggestions for low cost, undervalued producing/near producing gold miners on TSX? I'm looking into a few mentioned here in earlier posts, but any real favourites? Thanks, Bing."

A.: Yes, just the one; and just the best - well cashed up, well managed, great stable, substantial resource, easily accessible, just about any positive you can think of with the exception of grade - TSX:SPA

Additional information about the Company and its project are available on its website:

www.spanishmountaingold.com

As always DYOR, but to put you in the right frame of mind to spend a little time on this, first take a look at this:



....and also read this FT interview with Jim Slater back in early Sept'11:

[fangorn2] 15/1/2012 16:11

Superior Plus to Present at CIBC World Markets 15th Annual Whistler Conference

JAN 13, 2012 - 11:59 ET

CALGARY, ALBERTA--(Marketwire - Jan. 13, 2012) - Superior Plus Corp. ("Superior") (TSX:SPB) is pleased to announce that Superior's new President and Chief Executive Officer, Luc Desjardins, and Executive Vice-President and Chief Financial Officer, Wayne Bingham, will be presenting at the CIBC 15th Annual Institutional Investor Conference in Whistler, BC. An update on Superior's operations and an audience question and answer period will be completed. Superior's corporate presentation and a link to the audio webcast will be available on Superior's website at www.superiorplus.com, prior to the presentation. Superior is scheduled to present on Wednesday, January 18, 2012 at 4:35PM, PST.

About the Corporation
Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.


Should be an interesting presentation once available as a podcast.

[bing22] 11/1/2012 22:09

Liquid Millionaire - thanks, I will.
Bing22

[liquid millionaire] 06/1/2012 21:15

TSX listed Lydian International ~ ticker LYD



bing22 - 16 Dec'11 - 21:35 - 739 of 753


Thanks JONNO1 - anyone got any suggestions for low cost, undervalued producing/near producing gold miners on TSX? I'm looking into a few mentioned here in earlier posts, but any real favourites? Thanks, Bing.



Hey bing22 take a look at TSX listed Lydian International ~ ticker LYD

[mattjos] 06/1/2012 20:59

anyone else here following TSX:PNT - Pan Terra Industries

[snickerdog] 06/1/2012 20:48

Any views on Carlisle Goldfields?

Treasury Metals look good but only if they get financing for their option on the near prod South American property

[laserdisc] 23/12/2011 09:36

SOME MORE IDEAS HERE jennings stock picks 2012 29pages

[mattybuoy] 20/12/2011 01:17

9c a month ...

[archie meads] 20/12/2011 00:39

re PSN - isn't that a 9c yield (bit less than 1%)?

[mattybuoy] 19/12/2011 23:31

It's not in the list is it? :-)