Being at its lowest share price in two years due a recent hammering of small-cap junior mining stocks, the company is set for significant upside potential, asserted CEO Irwin Olian to Proactiveinvestors.

The geology of the Mohave Project is believed to be analogous to the Freeport McMoRan (NYSE:FCX) Bagdad Copper Porphyry Mine, which is located within 35 km of the property, and along the same structural trend.

Indicator’s flagship Nanuq North diamond project had the bitter-sweet experience of producing great drill results and a stream of buoyant news flow at the height of the global recession.

The terms of the agreement announced August 16, anticipate the transaction will be structured as a ‘three cornered’ amalgamation between Bluestone and a newly incorporated subsidiary of Indicator Minerals.

African Queen Mines is a Canadian exploration and development company, initially focusing on exploration for diamonds in Botswana and Namibia, and gold in Mozambique, Kenya and Ghana.