Proactive Investors North America, Breaking Financial News on Mining, Commodities, Stocks, Shares and Stock Markets

17/05/13

Century Iron Mines looking for C$60mln cash flow a year from 2015

Sandy Chim, President & CEO of Century Iron Mines (TSX:FER), tells Proactiveinvestors that the recent Preliminary Economic Assessment shows C$60mln of cashflow a year from the Joyce Lake project from 2015. Sandy also talks about the shares that the management team have been buying.
16/05/13

Donner Metals looks at "next generation of exploration" as production starts

David Patterson, Chairman & Director of Donner Metals (CVE:DON), tells Proactiveinvestors that, as production starts at its first mine, the company sees 'tremendous opportunities'. Dave says that, with its expertise, it's in a good position to grow the company through merger and acquisition.

13/05/13

Simba Enegy farms-out 66% of Kenyan asset

Paul Vonk, VP Capital Market of Simba Energy (CVE:SMB), tells Proactiveinvestors that a deal has been agreed to farm-out 66% of its Kenyan oil project. The deal to retain 34% of the project in Kenya, Paul says, the money going to Simba, carried, equals the SMB market cap.
08/05/13

Terraco Gold CEO sees 'significant' cashflows from Barrick Gold project

Todd Hilditch, president and chief executive of Terraco Gold (CVE:TEN), reveals the significance of the recent royalty deal covering the Spring Valley properties in Nevada. "We are extremely excited," he says of the transaction and the involvement of industry heavyweight Barrick Gold in the project.

30/04/13

Biotech space is “a little more optimistic,” says Big Picture Speculator

Jim Letourneau, the Big Picture Speculator, sits down with ProactiveInvestors at the Calgary Energy and Resource Investor Conference to discuss why Peak Oil is “dead”, his outlook on Natural Gas prices, and his thoughts on today’s resource sector. Letourneau also explains why Biotechnology stocks are currently on his radar: “it’s a sector that hasn’t been over promoted,” says Letourneau, adding that Biotech stocks are “still very risky but the rewards are very large.”
26/04/13

Montana Exploration's acreage hosts a "fairway for oil exploration" within Shaunavon oil trend

Charles Selby, Chairman and Chief Executive Officer of Montana Exploration Corp. (TSX-V:MTZ), tells ProactiveInvestors about the company's "substantial land base" in Montana, which partly overlaps the Shaunavon oil play. Charles discusses the company's recent 54 Sq. Mile 3D Seismic Survey, indicating "multiple drilling targets" in many potential locations. Charles also says that the company's plans going forward will include "looking at many other opportunities" including "oil-prone, scalable, relatively low risk" assets.

24/04/13

Fully-funded WesternZagros has "a lot of exciting news coming," says Simon Hatfield

Simon Hatfield, CEO of WesternZagros Resources (CVE:WZR) tells ProactiveInvestors about the company's upcoming drilling program, which includes three high potential, low-risk wells. Simon urges investors to look at WesternZagros' valuation in terms of its peers, as performance over the past two years has been exceptional, and a 60% increase in share price. Investors are encouraged to watch for upcoming drill results, a listing on the LSE, and political resolutions in Iraq to bring about a valuation change on the significantly discounted stock.
22/04/13

An Alternative Gold Bug Narrative

John Kaiser, of Kaiser Research Online, tells ProactiveInvestors that the underlying demand for gold stems from concern that over the next 15 years, a reviving American economy will enable emerging economies such as China to grow more rapidly than the American economy, resulting in a relative decline in America's current position of economic and military dominance. This shifting balance of economic and military power will undermine the status of the US dollar as the world's sole reserve currency, boosting the recent trend of net central bank buying. The shifting power balance will also bring geopolitical stresses that will boost private sector demand for gold bullion as an insurance policy against future uncertainty. These two demand drivers linked to a strong global economy have the potential to deliver the real price gains gold developers and producers need for the profitability of gold mines. The prevailing apocalyptic gold narrative does not make a case for higher real gold prices, just an arithmetic adjustment to future inflation. The two year downtrend in equities reflects the market's awareness that record high gold prices have not brought record profitability to gold mines. An alternative narrative that promises higher real gold prices is needed for a turnaround in the gold equity sector. John suggests that while we wait for this shift to an alternative gold bug narrative, the junior sector will need to make new exploration discoveries to keep itself alive. He suggests that Nevada is the ideal location for such a discovery boom. This would be of particular interest to American investors eager to see their country develop gold resources of several hundred million extra ounces, which would be of considerable strategic importance to a country that is no longer dominant in economic and military power.

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