Wednesday, October 19, 2011

October 19, 2011 Edition of the Stateside Report


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5 comments:

Worldly Trader said...

Vince you definitely have gotten me interested in Excalibur Resources. I had a quick conversation with the CEO, Tim Gallagher about the company this morning. It was interesting to learn that there are major mining operations nearby the Excalibur Resource's Catanava project in Zacatecas, Mexico. Carlos Slim, the Mexican billionaire has two mines in the area and is expanding his mining operations there.

I also know that Capstone Mining Corp., the mid-tier copper and gold producer (CS) has a producing gold and copper mine in Cozamin, Zacatecas state. I have copied part of the Wealth Daily article on Carlos Slim's mining operations in Zacatecas. The full article is here: http://www.wealthdaily.com/articles/carlos-slim-invests-in-mining/2983 I say if it good enough for Carlos Slim it is good enough for me.

"Slim expands mining operations in Zacatecas

Last week, Minera Frisco reported it will nearly double its stake in a small precious and base mining company called Minera Tayahua S.A.B. de C.V.

Frisco plans to nearly double its stake to up to 91% in Minera Tayahua, which has operations in the small central Mexican state of Zacatecas.

A part of Slim's mining expansion plan in Mexico, Minera Tayahua says it will produce 2.3 million ounces of silver, 29,500 ounces of gold, 45,900 tonnes of copper, and 33,480 tonnes of zinc by 2012"

You can find details on the Capstone Mining Corp., Cozamin mine at their website here:http://capstonemining.com/s/Cozamin.asp

stateside said...

Thanks WT - great research.

stateside

Worldly Trader said...

I also want to add that page 8 of the current Excalibur Resources Ltd. brochure has a great map that shows the location of the Catanava project as well as some neighboring mining companies active in the area.

Worldly Trader said...

Fireworks for Pennant Energy Inc! It is the top market mover by volume on the TSX Venture Exchange today, October 20, 2011. PEN is at .29/share up by 46.16% since the open and trading 3,618,669 shares.

Worldly Trader said...

I forgot to say good job, Vince!

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