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Sprott Moly fund is being “unwound”. They are distributing the assets to shareholders. ELN – high grade copper on Democratic Republic of Congo including 7m of 7% copper and 21m of 2.4% copper. $2.7m cash. LAT – 7g/t gold in Paraguay. $5.2m in cash GEM – lots of uranium drill results in Ontario. All low …
Sprott Moly fund is being “unwound”. They are distributing the assets to shareholders.
ELN – high grade copper on Democratic Republic of Congo including 7m of 7% copper and 21m of 2.4% copper. $2.7m cash.
LAT – 7g/t gold in Paraguay. $5.2m in cash
GEM – lots of uranium drill results in Ontario. All low grade. Still $4.6m in cash
FWR – a small batch of results including 13.7g/t gold over 2m. $10m cash
CBS – Moly results in BC. Latest release is for a sample only, but past results include up to 0.15% moly. $2.4m cash
***CSI – 60m of 14.37g/t gold and 1.8g/t platinum in Brazil. Other good results as well. $11m in cash.
DM – Just released a preliminary assessment that looks pretty good. IRR of 16% at 1.55 copper and $4.9 nickel on a project in Minnesota. Market cap only $35m. $14m cash.
WOO – Some good VMS results including 53m of 1.88% copper, 4.89% zinc, 0.39g/t gold and 70 g/t silver. Very little cash. Very deep though – 600m.
XE – low grade uranium results in Nambia. $19m in cash.
AXU – $11m budget for 2009 on exploration, studies and community relations. $10m in cash.
ALS – decent iron ore results in Labrador. $164m cash, royalties from other projects.
MAG – Good results – 1,052 g/t silver, 0.63 g/t gold, 3.68% lead and 6.86% zinc over 5.11 metres and 855 g/t silver, 9.47 g/t gold, 1.22% lead and 2.92% zinc over 5.98 metres in Mexico. Again, deep at 700m depth. $60m in cash.
BTO – lots of low grade gold results in Columbia. $60m cash, $80m market cap.