I had a briefing with Red Hill this morning and lots of things are happening. 43-101 resource from its second coal property Chandgana Tal project is due in weeks as qualified geo is on site to go over data to sign off. Chandgana Tal has inferred resource (Russian standards) of 90-120 million tonnes. Chandgana Tal is surrounded by CVRD claims and CVRD is spending tens of millions in the area. Red Hill also tied up huge area surrounding Ulaan Ovoo and believes Ulaan has potential to significantly expand existing resource.

Mega Uranium is drilling on the Uranium targets and results are pending. On Tuesday, 5.5 million shares from the 80 cent placement became free trading. I like Red Hill at these prices and will likely acquire more shares to add to my position.

http://stockcharts.com/h-sc/ui?s=%20rh.v

Symbol:
RH.v
Recent Price:
C$0.90
Shares O/S:
47.5 M
Market Cap.:
C$47 M
52 Week Range:
$0.67 - $1.40

“I think the market has overly discounted Apogee’s political risk.”

Tyler Resources Inc.
Company Contact Info: http://www.tylerresources.com/home.php

I talked to CEO JP Jutras, the CEO of Tyler. He just got back from Mexico. It was a very pleasant 30 minute call and I got all my questions answered. JP went down to the property to check out the new zinc discovery where trench results returned over 14% zinc at 7 m.
http://www.tylerresources.com/pdf/News%20Release%20July%205%202007.pdf

They are mobilizing the rig to drill on the zinc discovery. They are also doing definition drilling to upgrade the main zone resource, which already has 6 billion pounds of Copper and 7 billion pounds of Zinc. We should see additional drill results in September, with scoping studies outlining basic project economics  coming up in that same month. By December we should get metallurgy on the zinc, and a revised resource estimate.

Tyler still has $9 million which JP said should get them through to feasibility study in 2008. I asked about insiders selling at 75 cents last month and he said it was due to the expiration of warrants at 30 cents. I asked why Tyler’s price is so low but he has no concrete answer.

My belief is that there is a stock price discount on the management’s background. JP is about 40 years old and there are no real recognizable names from the Vancouver circle on the management side. However with TENS of $billion in the ground and the recent addition of Jennings as its core shareholder, I believe the retail shares are being fed to bigger boys and when those small lots of shares dry up, I can see lots of potential for Tyler. I have been buying very aggressively in the low 60cent range and own well over 500,000 shares.

 http://stockcharts.com/h-sc/ui?s=tys.v

Symbol:
TYS.v
Recent Price:
C$0.58
Shares O/S:
112 M
Market Cap.:
C$64 M
52 Week Range:
$0.35 - $1.03

“There is discount on the management’s background. However with TENS of $billion in the ground and the recent addition of Jennings as its core shareholder, I can see lots of potential for Tyler.”

Gateway Gold Corp.

Company Contact Info: http://www.goldmau.com/gtq.php

I talked to Jim Robertson and Michael McInnis of Gateway last Thursday. Mr. Robertson is happy as his other venture, Primary Metals, has been taken over at 50% premium by Sojitz (a Japanese company) on Friday.

http://stockcharts.com/h-sc/ui?s=pmi.v

Things are going well at Gateway as they are set to drill lower Mac Ridge in Nevada, which yielded several good samples on surface and has never being drilled:

Trench 1 2.04 g/t over 65 feet
Trench 2 1.78 g/t over 30 feet and 1.33 g/t over 10 feet
Trench 3 1.79 g/t over 25 feet including 2.71 g/t over 15 feet
Trench 4 0.98 g/t over 10 feet

http://www.gatewaygold.com/s/NewsReleases.asp?ReportID=168918

At its current market cap and its Big Spring’s 1.2 million oz Au acting as fundamental support, 80 cent is likely as low as the stock would get, with good potential for much higher prices.

Symbol:
GTQ.TO
Recent Price:
C$0.80
Shares O/S:
32.7 M
Market Cap.:
C$27 M
52 Week Range:
$0.62 - $1.58

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