Archive for October, 2007
by Justin Lukasavige
During a recent trip to Europe, we spent a few days in Paris. One of the big similarities of the subway system to ours is in the people begging for money as they walk through the trains.
Now, I have no doubt that life may have knocked certain people down, but the language difference made me realize a very important part of why the man that we encountered will not get ahead without a change in thinking.
In French, the word for I is Je. During his 60-second speech to everyone on our train, it became very apparent that he only cared about himself. Now, I’m all for helping people in need, and I do any chance that I get, but there comes a point when you have to take responsibility for your own actions if you want to make a change in your life.
What this man was saying was all about how life had him down, it wasn’t his fault, and there were all kinds of external factors that had lead to his downfall. While that may be true, I don’t think he will ever change his life for the better until he faces the music, takes the blame for what has happened in his life, and overcomes it.
Is there something in your life that you need to own up to? Once you admit it and take responsibility, you can make the change that needs to be made, and begin to work towards your goals.
Justin Lukasavige is a Personal & Business Coach and owner of Lukas Coaching. Visit www.lukascoaching.com/resources.htm for a ton of free tools to help you improve your health, finances, business, career & life!For more free columns and articles, visit www.lukascoaching.com/articles.htm
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by Leonard Montgomery
There is a simple tool you can use to help obtain the important information needed to make sound investment decisions when you are investing
What you say, how you listen, and the quality of your organizational skills are all worth paying close attention to when you are pursuing a UK land investment. The following tactics will help you easily procure important details about a UK land investment.
Query the seller:
This is a very fundamental concept, yet, some UK land investors are actually shy about asking questions for fear of appearing either callow or boorish. The old adage about the only dumb question being the one that you do not ask really is true. You cannot afford to be fearful of asking even the most basic questions if you are seriously considering a land investment.
If the seller assumes that you already know something, they will not volunteer that information and you will run the risk of missing a critical bit of data. If you should receive an answer that is not clear to you, do not be afraid to ask for clarification until you really understand the answer.
Pose your inquiries as open-ended questions:
An open-ended query is phrased something like this:
“Tell me about the zoning for this land”
As opposed to a close ended question such as:
“Are there any development restrictions for this land”?
Open ended questions can elicit a great deal of information since they are typically are not able to be answered with a short answer such as “yes” or “no”. Open ended questions are more likely to encourage the seller to talk.
Listen for hidden information:
In the course of continued conversation, the seller may reveal information they would not normally reveal, such as motivation for wanting to sell the land at a particular time, or problems with the property. Listen carefully to comments that may seem to be casual, trivial, or not directly related to the land investment. These comments may end up being important later.
Look for hidden information:
Sometimes, what is not said can be as important as what is. Body language such as not maintaining eye-contact or avoiding a direct answer to a reasonable question may indicate that the seller is not forthcoming about some aspect of the property or the deal.
Write it down:
As you begin the process of looking into a UK land deal, prepare a list of questions ahead of time. Have the list with you when you meet the seller, converse via telephone, or correspond by e-mail. Take notes about specific information - do not assume that you will remember it later. This will help avoid worry and feeling insecure about remembering to follow-up on something when you are ready to close the deal.
Your list and notes should be a work in progress with answered questions checked off, new questions added to the bottom of the list, and pressing issues highlighted so they don’t escape your attention. When taking notes during a conversation, write in a manner which is detailed and clear enough that it will make sense to you later, but also brief enough so that you can still concentrate on what is being said right then and there.
Review those notes before the end of the day to increase the likelihood that you will remember the context in which something was said. If you are not sure if something is important, write it down anyway. Something that may seem to be inconsequential at the time may prove to be significant as the deal proceeds and your understanding of investments in UK land and the specific property increases.
These simple steps will help you obtain the information that will need to make sound decisions, not just about a UK land investment, but any time you are investing in land.
Leonard Montgomery is a an expert in UK Land and land investment. For more educational resources for the private UK land investor please visit http://www.land-investment-uk.com
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by Justin Lukasavige
I get a lot of personal and business wisdom from the book of Proverbs. It is a short book in the bible, but was written for the reader to attain “wisdom and discipline.” I find it very interesting that the very first insight has to do with teaching your children about life.
Most of the clients I meet with did not learn much about money from their parents. I know that neither my wife nor I did. I find it interesting that many times we’re left on our own as young adults to learn about the ‘real world’.
Wouldn’t it be better if our kids could learn from our mistakes?
“Train a child in the way he should go, and when he is old he will not turn from it. The rich rule over the poor, and the borrower is slave to the lender.” - Proverbs 22:6-7
Most people have heard those two verses, but not many people know they are right next to each other in the bible. If we want to impart wisdom and knowledge in the next generation, let’s teach our kids about our mistakes.
I’ve already started with our youngest who just turned one, but I’m struggling to fit in all the lessons I’ve learned before she moves out!
Justin Lukasavige is a Personal & Business Coach and owner of Lukas Coaching. Visit www.lukascoaching.com/resources.htm for a ton of free tools to help you improve your health, finances, business, career & life!For more free columns and articles, visit www.lukascoaching.com/articles.htm
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by Charrissa D. Cawley
How many people in the world are successful? How many people in the world are happy? What about being both successful and happy at the same time? The number of people who can honestly say that they are both successful in what they do, and are very happy in their life, is unfortunately quite a small number.
But it doesn’t have to be this way. In fact, it is entirely possible to be very successful at your chosen career and your family life, while at the same time being very happy in everything that you have and everything that you do. So why aren’t’ more people successful and happy? The answer is so simple that often people look right past it, and never learn the secret.
One way of thinking is that in order to BE, you must HAVE. This line of thinking leaves people thinking that they must have a solid career, a great deal of money, or whatever it is that they think they need in their life, in order to be happy. This is not true at all. You must change your way of thinking, so that instead you think that in order to HAVE you must BE. This line of thinking says that in order to be successful, you must be happy first.
Think about this — most people tell themselves that once they are successful they will worry about donating their time and money to charity. But there is a good chance that those people will never become successful. However, another person will decide to be generous and give back before they are successful. By being the generous, thoughtful person before they become successful they are effectively attracting more people to them because they recognize a generous, good spirited person and they want to spend time with that person.
Think about it, when you are smiling, courteous, generous, kind and all of the other wonderful things that you want to be when you are happy — you naturally attract people to you because they want to be around people who are happy and generous. When you attract people to you and into your life, you are creating a situation when you can create opportunities to make money. Simply by “being” before you focus on the “having” you are creating situations to improve your life.
The law of attraction is very strong, and if you focus on being the type of person that attracts other people, you will soon be able to attract into your life everything that you need and desire in order to be successful!
By Charrissa Cawley
Charrissa Cawley switched to real estate when she discovered she could make more money, in less time, than she ever could working 10 hour days for someone else. She offers accurate and proven real estate strategies to investors of all different levels. She is the founder of www.reiconferences.com and Co-Founder of www.realestatewealthexecutives.com
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by Hsiao Lin
Universal Power Corp. (TSX.V: UNX, FSE:3U2A) is beginning to catch fire in the minds of investors as it picks up speed with its latest acquisition in Tanzania’s Karoo super group — and prepares to release its 43-101 and the outline for the property’s drill program.
The company’s website describes its recent acquisition of a 90% interest in two key acquisitions with uranium potential in Tanzania. The Madaba and Mkuju prospects cover over 1000 km2 along the extension of the Malawi Kayelekera Uranium zone that Paladin Resources (ASX, TSX.V:PDN) has been developing over the last few years.
Located on map section QDS (Quarter Degree Sheets) 253, the Madaba area is part of Luwegu River Basin of the East African Karoo super group. The Karoo is the African equivalent of the Canadian Shield — a very large, very old geological formation that has been the scene of numerous, rich mineral discoveries.
The Mkuju occurrence is situated in QDS 278/3, 289/1 & 2 and 290/1. The geology consists of mainly sandstone. The richest uranium deposits are typically found in sandstone formations, and are known as roll-front deposits — so named for the crescent shape the uranium (in solution) makes at the interface between oxidizing and reduction conditions within the permeable sandstone or conglomerate host rock. Famous examples of roll front deposits include the Mi Vida mine near Moab, Utah, and the deposits found on the Colorado Plateau. The Karoo super group is known to host major uranium deposits (of both the roll-front and unconformity variety), yet much of it remains underexplored.
The Karoo system in southern Tanzania continues into Malawi and is separated by Lake Nyasa, with the Karoo on the other side of the lake having similar geology. This has been confirmed with Paladin’s discovery of the Kayelekera Deposit (a roll-front deposit), which has a 43-101 compliant current resource of over 25,000,000 pounds of U3O8 . Paladin has recently had its bankable feasibility study approved, and is due to go into production in late 2008.
Historic airborne and ground radiometric surveys carried out over Universal Power’s entire property have revealed over 10 Uranium and Thorium anomalies at Mkuiu. Drilling done by Geosurvey International (GmbH) has returned intersections grading 0.04% Uranium oxide over 11.7m — the richest of which contained 0.122% Uranium oxide over 1.6m from a depth 79.5 to 81.1m.
The company is in the process of completing its 43-101 report on the prospects and expects to have it in hand by the end of the month. A drill program based on the report’s recommendations will be implemented in November.
Tanzania has attracted a great deal of attention recently due to a combination of factors that create a favourable investment climate: inherent mineral wealth, political reforms geared toward the free-market, low labor costs, and, of course, high metals prices. According to the Tanzanian Geological Survey’s website, “much of the present exploration activity in Tanzania is concentrated in gold, base metals, platinum group metals (PGM), uranium, gemstones, diamonds and industrial minerals. Tanzania has excellent geological databases, good infrastructure, attractive mineral policy and readily available exploration services. These factors make investing
The meteoric rise in uranium prices from $7.00/lb U3O8 in December 2000 to US$138.00/lb U3O8 in June 2007 has turned investors’ attention to new exploration venues, making Tanzania especially interesting as of late. Paladin’s website states that “despite the significant rise in reported uranium prices, world primary uranium production only increased by 2,540 metric tons U3O8 (5%) in calendar year 2005. In fact, in the first six months of 2006, uranium production in the two dominant production centers, Canada and Australia, actually declined by 2,610 metric tons U3O8 (19.5%), demonstrating the fragility of the existing supply chain,”
The Tanzanian acquisitions represent a pivotal point in Universal Power’s development, as it rounds out the company’s portfolio of properties, enabling the company to conduct a year-round drilling program.
For several reasons, this is a particularly auspicious time for investors, who can expect a great deal of news in the coming months. This most recent acquisition, as well as the impending 43-101 and drill program, create a solid platform for the next stage of the company’s growth and diversification. Investors can also look forward to another acquisition — a polymetallic prospect — in the next month or so. The market is reflecting this anticipation, as UNX is trading around its 52-week high, in the $0.70 range.
“We think we have a well-diversified portfolio chasing gold, uranium, and base metals,” said Barry Swanson, the company’s president and CEO. Given that the uranium market outlook is predicted to remain strong during the mid to long term, management plans on continuing its momentum forward. “From a shareholder’s point of view, we’re well positioned in area plays. We have a strong management team….the timing’s right, we’re diversified enough.” said Mr. Swanson.
The company is also exploring for uranium and IOCG (iron ore, copper, and gold) in the Great Bear Lake area of the Northwest Territories, as well as for uranium in the Sibley Basin in northwestern Ontario.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com
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by Eric Pratt
A brand new entry in the global uranium exploration ring, Universal Power Corp. (TSX.V:UNX) began trading under its new name and symbol on October 2nd of this year. Universal’s unique mix of Uranium, Silver and Iron Oxide Copper Gold (“IOCG”) prospects gives investors a unique blend of exposure to upside across various in-demand commodities.
With an eye towards limiting exposure to political risk, the company has assembled a portfolio of properties in Tanzania and Malawi in Africa, Canada’s Northwest Territories and Ontario.
Canada
Of particular interest is the Great Bear Lake IOCG property that covers 45,000 acres roughly 400 kilometers north of Yellowknife, and due south of Alberta Star Development’s (TSX.V:ASX) Contact Lake Property.
The Eldorado & Contact Lake claim block now consists of eleven contiguous claims located 5 km southeast of Port Radium on the east side of Great Bear Lake Northwest Territories and 470 kilometers north of the city of Yellowknife.
The area consists of 87,706 acres and is comprised of two distinct areas, Contact Lake North and Contact Lake South. The Eldorado & Contact Lake IOCG + uranium project areas include five past producing high grade silver and uranium mines. In Contact Lake North, the Echo Bay Mine produced 23,779,178 ounces of silver, and 6,900 lbs of uranium, the Eldorado Mine produced 15 million pounds of uranium, and 8 million ounces of silver and the area also included the Cross Fault Lake Uranium mine (Normin NTGO: SENES Report 2005).
The average head grade for the Echo Bay mine was 66 ounces per ton silver and the average head grade for the Eldorado silver — uranium mine was 0.75 % uranium. In the Contact Lake South area, The Contact Lake Mine, the Bonanza and the El Bonanza mines were all former producers of silver and high grade uranium, and are included in Alberta Star’s land package.
Uranium was first discovered in the Great Bear Lake area in 1929 by Gilbert Labine when the Eldorado Mining Company uncovered high grade silver — pitchblende veins at Port Radium. Newly discovered veins at Port Radium, Eldorado and Contact Lake were mined until 1940.
In 1941 the Eldorado Mining Company gifted Columbia University 5 tons of Uranium oxide for chain reaction experiments and the mine re-opened to supply the ore to the United States Government, to develop the Manhattan Project. When the price of Uranium dropped, the mine was deemed no longer profitable and was closed in 1960, and all exploration for Uranium in the area ceased.
Universal’s Great Bear Lake project is geologically analogous to the Olympic Dam deposit at Roxby Downs in the Gawler craton of southwest Australia.
It is an extremely large deposit of copper, uranium, gold and silver, which supports an underground mine as well as an integrated metallurgical processing plant. It is the largest known single deposit of uranium in the world, though uranium represents only a minority of the mine’s total revenue.
The deposit was discovered by Western Mining Corporation in 1975 and started production in 1987. It now belongs to BHP Billiton,(NYSE:BHP) which acquired WMC Resources in 2005. The mine currently operates by an underground mining method called sublevel open stoping, using modern and highly productive mining equipment. The March 2005 mine production rate is an annualized 9.1 million tonnes making it one of Australia’s larger mines. 2005 metal production is thought to be in excess of 220,000 tonnes of copper, 4,500 tonnes of uranium oxide, plus gold and silver. The copper and uranium oxide are exported through Port Adelaide.
Universal’s Havoc Property, located in the Havoc Lake area in the Sibley Basin near Thunder Bay, Ontario is a mid-Proterozoic-age sedimentary basin that has the potential to host unconformity related uranium deposits such as those found in Saskatchewan’s Athabasca basin, home of the world’s richest uranium mines.
Similarities between the Sibley Basin and the Athabasca Basin have been recognized before but led only to modest exploration of the area in the late 1970’s and early 1980’s.
The presence of commercial grade Uranium was confirmed in 2005 by Rampart Ventures (TSX.V:RPT). Drilling results included 2.99% U308 over 1.5 metres. . Surface prospecting returned samples of 4.32 % and 5.24 %. Rampart is underway on their 2007 drilling program.
The Sibley Basin (also referred to as the Nipigon Embayment) of northwest Ontario is a late Proterozoic (Helikian age) sedimentary basin that shows significant geological parallels with the Athabasca Basin of Saskatchewan. These similarities have long been recognized before, but led only to a very modest amount of exploration for uranium in the late 1970s and early 1980s. Overall, the Sibley Basin is the least explored of all the Helikian-age sedimentary basins in Canada. It is also the most accessible, with an extensive network of logging roads.
Africa
Universal’s most recent acquisition is a 90% interest in two key acquisitions in Tanzania in the Madaba and Mkuju prospects covering over 1000sq kilometres with Uranium potential located along the extension of the Malawi Kayekar Uranium prospect that Paladin Resources (TSX:PDN) has been developing over the last few years.
Paladin recently approved a Bankable Feasibility Study that indicated a mine life of 7 years and a processing life of 11 years were achievable from the existing resources. This gave a reserve of 10.46Mt at an average grade of 0.11% U308 for 11,377t U308. Based on an annual production rate of 1.5 million tonnes per annum and a 90% recovery the BFS shows that an average of 1,493t U308 will be produced for the first 7 years from a feed grade of 0.109% U308 and 530 tonnes per annum U308 over the last 4 years using accumulated marginal material grading 0.039% U308.
In Tanzania, three uranium occurrences will be the focus of a National Instrument 43-101 study, where the sandstone of the Karoo are reminiscent of the sandstone which hosts uranium deposits in South Africa and in the state of Colorado in USA. No systematic prospecting has been done in the Tanzania Karoo sand stones, but, such work is anticipated to be very rewarding.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing
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by Paul-Green
Leaders believes property investment is still sensible over a long period of time, despite a few recent wobbles in the property market.
Over the last few months several different events have affected the market and the way some people think about whether property investment.
First off there have been five interest rate rises since last summer. That’s pushed the cost of mortgages up for many people, and for those coming out of fixed rate deals, has pushed their monthly outgoings up considerably.
Of course the higher mortgage payments go, the harder it is for wannabe landlords to make a good monthly income from their property investment. Monthly rents can’t go up as fast as mortgage payments do. And with property tax shaving profits when they sell the house, a reduction in monthly income makes investing
Next there was the so-called ‘credit crunch’ in America, relating to the country’s sub prime mortgage market. These are mortgages offered to borrowers without great credit history. Rising interest rates meant a large number of foreclosures, putting some US banks out of business. The crisis started to affect the global credit market in July this year and hasn’t yet been resolved.
The most immediate problem seen here in the UK was what happened to Northern Rock in September. It had trouble borrowing from its usual sources because of the lack of credit available, and was forced to ask the Bank of England for an emergency loan.
The resulting panic saw long queues outside the bank’s branches, with £1 billion withdrawn in one day alone.
Other issues have affected the market and made property investment seem a little less attractive.
House price growth is widely being reported as slowing down (although many experts agree that prices are still growing in some areas). And the introduction of the Home Information Packs (HIPs) for three and four bedroomed properties has stopped some people putting their house up for sale, causing a slight reduction in the number of properties available.
Despite all these problems, Leaders is adamant that property investment is still a good way to make money in the long-term.
It says rising interest rates and the other factors are not affecting investors who have settled in for a pay off down the line.
And the reasons for that confidence are clear: High house prices, rising rental demand and increasing rental income.
The company says that a recent report showed that the UK is building 55,000 fewer homes a year than are needed. It believes shortages like that against strong demand make it unlikely that prices will drop back or slow down in anything but the immediate short-term.
It’s also likely that people will continue to struggle to get their foot on the first rung of the property ladder, which is also good for landlords with a property investment.
Leaders also points to further demand for housing coming from overseas. Research from the Office for National Statistics reveals the number of overseas nationals who entered the UK and requested a National Insurance number was 713,000 between 2006 and 2007.
That figures is up more than 50,000 on the year before. And of course most of these people need property to rent.
Leaders added that it has analysed renting trends seen at its 31 branches, and there is clear evidence that tenants reaching the end of their tenancies are extending, and new properties on the letting market are bring rented quickly.
All of which it believes, should help to reassure people that property investment is still very much viable in the long-term.
For further information please visit our website at http://www.propertytoday.co.uk or ring us on 01733 427177.
If you are looking to buy property please visit our website.
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by Jonathan Slater
If you’ve been thinking about beginning foreclosure investing
Most people only purchase one house during their entire lifetime and even this is being generous. There are some people who never purchase real estate. It is likely that this is the kind of thinking that causes you to procrastinate starting property investing. If you want to make progress towards your goal of beginning foreclosure investing, first put aside everything that is hindering you from taking the paramount start.
The initial thing you are required to do is figure out what has been keeping you from beginning real estate investing. Once you know this underlying reason, then you can dig in making steps to become more comfortable with beginning real estate investing. There are some obstacles that are normal among beginning investors.
Poor training and understanding is one thing that might be keeping you from starting real estate investing. If you feel like you don’t catch on to the world of real estate investing well enough to make a start, then you can take steps to familiarize yourself with the parts you do not understand. There are several resources available to provide you with the information you must have for beginning foreclosure investing. You can purchase books, use the internet, or attend a training event to get more information about property investing.
One more reason that a growing number of people are intimidated to take the primary step in real estate investing is because they feel they do not have the cash necessary to get started. One thing that you should deduce before starting property investing is that there are many ways you can get started in property investing without having any funds at all. In fact, a large number of experienced investors will tell you that you should never have to put any of your money into a deal. There are a growing number of creative property investing techniques you can use so you never have to come up with moneys yourself. Research some of these techniques to learn more.
One way of starting real estate investing without much risk is to work as a birddog. Essentially, a birddog is someone who informs other real estate investors about investing deals. The investor then pays the birddog a referral fee once the deal has closed. Being a birddog gives you experience with locating investing deals. Once you are carefree with locating deals, then you can takle closing the deal yourself and keeping all of the profits for yourself.
Starting property investing is not as easy as it may seem. There are a lot of details that make many investors starting out weary of becoming involved. If you will initially figure out the aspects of investing that cause you to be intimidated, then work on settling those issues, it will make beginning property investing easier.
Free Foreclosure Course. Sign up for our newsletter and we will get you going on real estate investing. Learn the tips and tricks of how to find properties fast. Foreclosure investing secrets revealed.
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by Eric Pratt
When I spoke to John Robertson, president of Linux Gold Corp. about the new property announced on October 18th near Fairbanks, Alaska, he looked like a very happy person indeed.
“I can’t say much about it. The owners have extremely high expectations and the preliminary geology looks very interesting, but there’s no (N.I.) 43-101 compliant data available just yet. Our consulting geologist (and Qualified Person under NI 43-101*) took multiple samples from existing channels, and those assays will be out in a couple of weeks. That will be the first information we have that is 43-101 compliant.”
So why Alaska and why now?
For starters, Alaska’s gold resources in all categories (measured, indicated and inferred) have increased from a little more than 1 million ounces in 1985 to over 108 million ounces at the end of 2004. Of this total, over 60 million ounces have been put on the books since the price of gold was under serious pressure back in 1997. Over the last ten years, Alaska has added gold to its “ounce bank” at an average rate of 8.6 million ounces per year at a discovery cost of $3.36 per ounce.
The Pogo gold mine is currently in production, while an additional four gold projects, Donlin Creek, Rock Creek, Gil and Nixon Fork, are in permitting or advanced development stages. They will be adding value to Alaska’s mineral production over the next 5 years.
The reason for the excitement at Linux Gold is apparent. Ester Lode is in the middle of the Fairbanks Gold District, one of the more prolific gold areas in North America. Over 10 million ounces of gold have been recovered from placer mining alone since 1902.
All one needs to do is examine the impressive progress of Freegold Ventures Ltd.’s - Golden Summit property to get a sense of the incredible potential. Golden Summit is within the heart of the district, with over 6.75 million of the placer-mined ounces directly attributable to the streams that drain the Golden Summit project area. Golden Summit contains over 80 known gold occurrences, and is host to the largest and highest-grade historic lode gold producers in the district, with over 500,000 ounces of gold having been produced from underground mines from 1902 to 1942 at average grades in excess of 1 oz/ton.
Historic average grades of the two largest underground mines on Golden Summit were 1.3 oz/ton at the Cleary Hill Mine (281,000 oz total production) and 1.6 oz/ton at the Hi Yu Mine (110,000 oz of total production). Many mines were forced to shut down at the beginning of WW2 and never reopened, while others that attempted to reopen after the war simply could not handle mining once the water table was hit, or once bad ground was encountered (neither of which is a serious impediment to today’s modern mining methods).
Immediately following receipt of the assay results from the sampling program taken mid October, Linux will waste little time in drilling select targets to determine the nature and grade of the Ester Creek deposit. Wise investors will look carefully at this stock, prior to drilling. A high-grade intersection of 1 ounce per ton should garner serious attention from investors and fund managers.
For decades prospectors have been looking for the source of the gold that has been feeding nearby creeks and river systems where placer miners have recovered 10M ounces to date. The owner of the property believes the Ester property is connected to that source.
A significant advantage of the Ester situation (compared to the Kinross Fort Knox mine a few miles away, for example) is the low cost required to build a mill to economically crush high-grade underground ore — $20 million approximately. The Kinross low grade/bulk tonnage open pit cost roughly $750 million — approximately 350 ounces of production per day or $175,000 at today’s gold price. With Linux Gold Corp. (LNXGF) trading under $1.00, there is quite an opportunity.
* National Instrument 43-101 governs a company’s public disclosure of scientific and technical information about its mineral projects
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing
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by Wendy Mitchell
A number of new drugs designed to treat ailments ranging from diabetes to osteoporosis could cost less to bring to market-and both investors and consumers have taken notice.
Currently, all FDA-approved drugs must go through extensive clinical research before hitting pharmacies-a process that lasts about 14 years and can cost as much as $1 billion. Now, a new biotech company contracts with pharmaceutical companies to provide this necessary research and to help them control R&D costs.
Analysts say the plan seems to be a recipe for success, with the firm, called Qualia/Holmes, seeing first-year revenue reach $10 million-a mark other biotechs can take years to reach.
“We have a business plan that is focused on profitability,” explains Sohail Khattak, M.D., FRCP(C), President/CEO at Holmes. “Our approach involves having in-house capability to do most of our own research on new compounds. That saves money and speeds the research process.”
Indeed, the company’s staff, which has quickly grown from three to over 100 employees, is made up of RNs, LPNs, research technicians and physicians with advanced training.
Helping Consumers
In addition to working with pharmaceuticals, the biotech firm also contracts with generic drug makers to determine if new types of generic drugs are truly similar to their branded counterparts. Khattak says that this allows his firm to have a greater impact by helping bring generics to market faster.
A Healthy Future
In the next five years, the company expects exponential growth with sales to $100-250 million. Khattak says one reason for the projected success is his firm’s recent focus on diseases affecting America’s baby boomers.
“As the population is aging, there is a desperate need to find suitable medications and cost-effective solutions,” Khattak says. A number of investors feel his firm has found a way to do just that.
For more information, visit www.holmesbiopharma.com.A biotech firm that conducts research for larger pharmaceuticals has shown promising growth.
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