Greetings,
There has been a database problem with the original White Gold Area Play group I created. Unfortunately I had to create a new group, which has caused me to lose the 60 members who joined.
Here is the link to the new blog:
http://www.stockhouse.com/Groups/GroupInfo.aspx?g=50444My apologies for the inconvenience.
PLEASE JOIN THE NEW GROUP AS I HAVE RE-INPUT THE WHITE GOLD PORTFOLIO, AND WILL CONTINUE DISCUSSIONS THERE.
I will be posting an updated Snapshot Profile soon!
http://www.stockhouse.com/Groups/GroupInfo.aspx?g=50444WHITE GOLD AREA PLAY -- PARTICIPANT PROFILE UPDATE 06/16/09
White Gold Area Play Group:
http://www.stockhouse.com/Groups/GroupInfo.aspx?g=50444Bottom Blog by drox2000:
http://www.stockhouse.com/Blogs/ViewBlog.aspx?b=1783SMD Strategic Metals (57mm o/s, MC $14.8mm @ 0.26/share) SMDseemstohave the best fundamental situation of the lot (excluding UWofcourse)in terms of structure, cash and exposure to the area. SMDhasover $17million in working capital, 15% share ownership,thereforeexposure, inATAC (ATC:TSX Venture - see below, ATC is alsoexploringin the WhiteGold district), and holds its own properties inthe area.SMD has alsocommenced a share buyback program, expiring inNovember2009 - to buyback up to 4.4 million shares of its stock.Trading atless than cashvalue, with no reason to further diluteshareholders, ashare buybackprogram in place, and exposure to theWhite Gold areaplay directly andindirectly, SMD looks to be in goodposition tocapitalize on any furtheraction in the area. Note: Thecompany alsoholds 8.975 mm shares ofRockhaven (RK:TSX Venture) forinvestmentpurposes, currently valued at$1.25 million.
AIX Alix Ventures (57mm o/s, MC $6mm @ 0.07/share) http://www.alixresources.comFromrecentnewsreleaseregarding AIX's 500 hectare acquisition: The Alixclaimsaretaggeddirectly to the east of the UnderworldResources Inc.,Cathy150and Cathy148 quartz mineral claims andapproximatelyfourkilometresfromUnderworld's recently announceddiscovery of 103metresof 3.4 gramspertonne Au. The company recently raised $600,000at0.06/share, andisconsidering raising further funding forthisproject. AIX also hasacoal project close to GXS's discovery(GXSshares went from penniesto$19, now trading at $1.40).
KAM Kaminak Gold (37mm o/s, MC $17.8 @ 0.48/share) http://www.kaminak.comKAMhasthreepropertiesin the district, totaling 7,680 hectares.TheKirkmanproperty is onlyeight kilometres from White Gold, whiletheCoffee andCream propertiesare 27 km from the discovery area.Thecompany hasannounced a courseissuer bid to purchase 5% (or1.8million) of itscommon shares throughthe open market - as of May22nd,they have notpurchased a single share.They have over $4 millioninthe bank, andare conducting a PP for $1million at 0.45/unit.
ATC ATAC Resources (46mm o/s MC $16.1 @ 0.35/share) http://www.segroup.ca/s/home.aspADG Arcus Development (13.5 mm o/s MC $3.4 @ 0.25/share) http://www.segroup.ca/s/home.asp
ATCoptionedit'sfourproperties in the White Gold area to Arcus Developments (ADG)onthefollowing terms: ADG will earn 50% interest in the propertiesbyissuing1 million shares to ATC, payment of$185,000 and mustexpend$3.5 millionon the property within 3 years.Arcus (ADG) must alsoraiseno less than$1 mm in funding to secure the option.
ADG isjustgetting going here,with a market cap of only$3.4mm. I suspectthereis plenty of upsidehere as the company raises $1 million ormoredollars and gets going onthe exploration program.
PEX Pacific Ridge (84 mm os/, MC $5.9mm @ 0.07/share) http://www.pacificridgeexploration.comPEXrecentlyjoinedtherush into the White Gold district with the aquisition of3properties, or212 claims. No further details are given at thistime.The company alsohas an encouraging phosphate project ineast-centralB.C. The companyhad $1mm in cash as at March31, 2009.
ABR Ashburton Resources (14.5mm o/s, MC $1.74mm @ 0.12/share) http://www.ashburtonventures.comABRhasoptioned100% of the Burton Hills project located in the Tintinagoldbelt ofAlaska. While not "next door" to White Gold, thepropertybearssimilarities in geology, and is in a known gold district.
CRB Cariboo Rose Resources (25.5mm o/s MC $4.3mm @ 0.17/share) http://www.cariboorose.comALR Alder Resources (11.4mm o/s MC $3.1mm @ 0.27/share) CRBoptioned60% of it's "Canadian Creek" project to ALR, locatedapproximately 50kmsouth east of Underworld's White Gold discovery, and25km SE of KAM"Coffee" propery (see KAM above). CRB seems to be awell run company,with the CEO holding 13% of the issued andoutstanding shares. CRB alsohas a joint venture with Gold Fields(GFI:NYSE) on its "Woodjam"gold-copper property, which in itself canbe a company maker.
ALR hasrecently divested itself of all otherprojects in order to focus on theCanadian Creek project in the Yukon.In order to earn the 60% option, itmust produce a 43-101 by January2010.
CDB Cloudbreak Resources (92.5mm o/s MC $8.9mm @ 0.095/share
SharesofCDB exploded on todays (06/16/09) announcement regardingtheiracquisition of 500 hectares of land adjacent to Underworld's WhiteGolddiscovery. Although quite dormant lately, the company has ahistory ofhigh volume trading early last year, and seems to have wokenup again.Not much is known of the property, apart from the fact that itissurrounded by property owned by UW.