goldmau
Metals Weekly Update
Analyst: John Lee, CFA
  July 12, 2007

Contents:

 

Stock Updates:

 

 

 

 

 

 

 

 

 

Stock Updates:

Riverstone Resources Inc.

Company Contact Info: http://www.riverstoneresources.com/s/Home.asp
Presentation link: http://www.riverstoneresources.com/s/Presentations.asp

Riverstone is a company we recently bought 200,000 shares into. The name came from our trusted broker and is 10% owned by John Embry at Sprott. The company explores in Burkina Faso in West Africa, with a number of sizable mines and advanced deposits, namely Essakane (Goldfields/Orezone), Bissa Hill (High River Gold), Mana (Semafo), and Goulagou (Golden Star). Riverstone has properties adjacent to all those properties.
 
Alvin Jackson, who used to run EuroZinc (which was taken over by the Lundin Group) is now a member of Riverstone’s Board of Directors. Mr. Jackson introduced RVS to a key ex-Placer contact in Africa who connected the company to properties in Burkina Faso.

The property that interests me the most is Kao, located south of Golden Star’s Goulagou. RVS drilled on it and obtained several lengthy intercepts over 1g Au.

http://www.riverstoneresources.com/s/Rambo.asp

Stock Update

These are not Aurelian type of numbers, but also keep in mind that these 200 meter spacing holes, and the property certainly have to potential to expand. Deposit is near to surface and cost of extraction is low.

I talked to the Riverstone team several times in the last 3 weeks, these are competent people who pay attention to details. Their sister company Gateway Gold comes recommended by John Kaiser a while back. Mr. Kaiser does his homework.

The drills are turning with results pending, and they will be active throughout the rest of the year and at $10million market cap. This is as good of a speculation on exploration as I know of. I am hoping to interview the CEO Michael McInnis in July and will post it up.

http://finance.yahoo.com/q/bc?s=RVS.V&t=2y

 

 

Symbol:
RVS.V
Recent Price: C$0.28
Shares O/S:
30.3 M
Market Cap. : C$9.1M
52 Week Range:
$0.20 - $0.445

 

 

“RVS drilled on Kao and obtained several lengthy intercepts over 1g Au. The company has a market capitalization of $10m.”

 

 

 

Stock Update

Riverstone Resources Inc.

Company Contact Info: http://www.goldmau.com/rvs.php
Presentation link: http://www.goldmau.com/RVS_Presentation.pdf

Below is from our weekly update. Drilling is now in progress at Kao. We own over 350,000 shares of RVS at 25-35 cents.

Riverstone is a company we recently bought 200,000 shares into. The name came from our trusted broker and is 10% owned by John Embry at Sprott. The company explores in Burkina Faso in West Africa, which hosts a number of sizable mines and advanced deposits, namely Essakane (Goldfields/Orezone), Bissa Hill (High River Gold), Mana (Semafo), and Goulagou (Golden Star). Riverstone has properties adjacent to all those properties.
 
Alvin Jackson, who used to run EuroZinc (which was taken over by the Lundin Group) is now a member of Riverstone’s Board of Directors. Mr. Jackson introduced RVS to a key ex-Placer contact in Africa who connected the company to properties in Burkina Faso.

The property that interests me the most is Kao, located south of Golden Star’s Goulagou. RVS drilled on it and obtained several lengthy intercepts over 1g Au.

 

http://www.riverstoneresources.com/s/Rambo.asp

These are not Aurelian type of numbers, but also keep in mind that these 200 meter spacing holes, and the property certainly have to potential to expand. Deposit is near to surface and cost of extraction is low.

I talked to the Riverstone team several times in the last 3 weeks; these are competent people who pay attention to details. Their sister company Gateway Gold comes recommended by John Kaiser a while back. Mr. Kaiser does his homework.

The drills are turning with results pending, and they will be active throughout the rest of the year.  At a $10 million market cap, this is as good of a speculation on exploration as I know of. I am hoping to interview the CEO Michael McInnis in July and will post it up.

Symbol:
RVS.V
Recent Price: C$0.28
Shares O/S:
32 M
Market Cap. : C$9.1M
52 Week Range:
$0.20 - $0.445

 

 

 

 

 

 

 

“RVS drilled on Kao and obtained several lengthy intercepts over 1g Au. The company has a market capitalization of $10m.”

 

 

 

 

 

Stock Update

Acero-Martin Exploration Inc.

Company Contact Info: http://www.aceromartinexp.com/
Presentation link: http://www.aceromartinexp.com/_resources/asd_corporate_presentation.pdf

ASD is finally showing a sign of life, and rightly so. In  June they announced Drill hole PDH-106, located approximately 450 meters southeast of PDH-01 intersected 1.55 grams per tonne gold over 52.50 meters, including a very high grade sample of 43.00 grams per tonne gold over 1.50 meters. 
http://www.aceromartinexp.com/news/index.php?&content_id=125

PDH 106 is 250 meters southeast of currently known Gold Oxide Pit mineralization. They intend to drill further to the Southeast to test this extension. To me ASD represents a company making steady progress towards bulking up, with already 600,000 oz Au and 350 million pounds of Cu that is 43-101 compliant. 2 rigs are turning and more results are due soon.

http://finance.yahoo.com/q/bc?s=ASD.V&t=5y

 

Symbol:
ASD.V, ASDFF.PK

Recent Price: C$0.50
Shares O/S:
56.9 M
Market Cap. :
C$29 M
52 Week Range:

$0.41 - $1.33

 

 

“PDH 106 (1.55 grams per tonne gold over 52.50 meters) is 250 meters southeast of currently known Gold Oxide Pit mineralization.”

 

 

 

 

Stock Update

Tyler Resources Inc.

Company Contact Info: http://www.tylerresources.com/home.php
Presentation link: http://www.tylerresources.com/pdf/Tyler%20Corporate%20Presentation%20June%202007.pdf

Tyler samples 55 meters grading 8.8% Zinc from trenching.
http://www.tylerresources.com/pdf/News%20Release%20July%205%202007.pdf

CEO JP Jutras emailed me back on Thursday, he is heading to Mexico to check out the new zone 5km from the main Bahuerachi where 5 billion+ pounds of Cu and 6 billion+ pounds of Zinc have already been defined. I’d take TYS (which I own) over say Copper Fox anytime. When a company reports tonnage at zero percent cut off and classify tonnage based only on copper equivalent cut off, I’d be very careful with such practice by the management. With recent proposed take over of Aur Resources and Northern Orion (both are copper producers), I’d certainly keep a copper speculation in my staple. Tyler is still mainly a retail play but I expect it to change as the deposit advances to pre-feasibility. I just don’t think the market understood the how much Copper AND Zinc that Tyler has, and how cheap it is relative to its market cap.

http://finance.yahoo.com/q/bc?s=TYS.V&t=1y

 



Symbol:
TYS.V, TYRRF.OB
Recent Price: C$0.75
Shares O/S :
111.4 M
Market Cap.: C$82.5M

52 Week Range:
$0.335 - $1.03

 

 

“I just don’t think the market understood the how much Copper AND Zinc that Tyler has, and how cheap it is relative to its market cap.”

 

 

 

 

 

 

 

Stock Update

Ivory Energy Inc.

Company Contact Info: http://www.ivoryenergy.com/
Presentation link: http://www.ivoryenergy.com/_resources/ivpresjune07.pdf

Ivory Opted Debt for its $25 million dollar financing instead of share placement. Ivory is Greg Hall’s company where he has millions of shares at stake, you can be sure he is getting the best deal done for the shareholders. A glance at http://canadianinsider.com/ , he has been acquiring thousand of shares of Ivory in the past month.

With just 30 million shares out and financing soon to be completed, the action could be explosive once production ramps up in the next 6 months to 3,000 boe/day, with its tight market cap. Note Pearl exploration, at $650 million market cap and 8,000 boe/day, has properties right next to Ivory’s, you have to think someone will take a hard look at Ivory once the cash flow and production figures materializes for the company.

http://finance.yahoo.com/q/bc?s=IV.V&t=2y

 


Symbol:
IV.V, IVVFF.PK
Recent Price: C$0.73
Shares O/S:
33.5 M
Market Cap.: C$25.1M
52 Week Range:
$0.50 - $1.05

 

“Greg Hall has millions of shares at stake, you can be sure he is getting the best deal done for the shareholders.”

 

 

 

 

 

 

 

Stock Update

Knight Resources Ltd.

Company Contact Info: http://www.knightresources.ca/
Presentation link: http://www.ivoryenergy.com/_resources/ivpresjune07.pdf

The Knight’s management team is a delight to work with. They recently engaged us to do an interview with them to show case their West Raglan property. With a market cap of $30 million and following near surface Nickel Intercepts

Drilling Results

15 m

3% Ni

24.5

1.7% Ni

9m

3.3% Ni

5m

4% Ni

18m

1.4% Ni

I agree that more exposure should elevate the stock to reflect its potential. Drills are turning with results due soon. Volumes are healthy. This is a stock that was much talked about by Brian Lundin of Gold Newsletter a couple of years back, then it lost momentum due to a sagging Nickel market and a lawsuit which is now cleared. Knight is currently our stockchart of the week http://goldmau.com/weeklychart.php

For those looking for a speculation on Nickel in Canada, Knights represents value and a good entry point.

http://finance.yahoo.com/q/bc?s=KNP.V&t=2y

Symbol:
KNP.V
Recent Price: C$0.41
Shares O/S:
78.9 M
Market Cap.: C$33.2M
Week Range:
$0.10 - $0.52

Entry Price:
0.31
Target:
75cents

 

Drilling Results

15 m

3% Ni

24.5

1.7% Ni

9m

3.3% Ni

5m

4% Ni

18m

1.4% Ni

 

 

 

 

 

 

 

 

 

 

 

Stock Update

Knight Resources Ltd.
Company Contact Info: http://www.goldmau.com/knp.php
Presentation link: http://www.goldmau.com/knpWestRaglanMay7Final.ppt

Knight is our current stockchart of the week: http://www.goldmau.com/weeklychart.php. Below is from the link. Dave Brook at Knight is first class professional and wouldn’t tell me when drill results will be out. We know from past drilling that Nickel IS there, we just don’t know how much Nickel. If they are able to duplicate past success of 15 m of 3% Nickel near surface, stock could react very positively.

 

Symbol:
KNP.V
Recent Price: C$0.41
Shares O/S:
78.9 M
Market Cap.: C$33.2M
Week Range:
$0.10 - $0.52

Entry Price:
0.31
Target:
75cents

 

 

 
 

Disclaimer
Contact John Lee at admin@goldinsider.com for details.