Tosca Resources Corp. TSMNF

Rock Solid

[MikeRocap]

As this market correction (Venture Index down 20% in 45 days) continues to drag on, it is nice to see that it has only affected Tosca to a minor degree. I am sure that is due to the fact that Tosca has a strong asset base rather than an exploration project as the stock has held up well on very light volume.   I am told that drilling should start soon that will look to confirm what the previous drilling by majors identified, that there is a defined copper resource  and a much larger underlying moly resource which is open in two directions.  This confirmation would allow the company to begin talking to the investment community in a more aggressive manner, and I hope that is the case.

Why this is important to me is that I am seeing serious mining executives looking to build a cash flowing company rather than promoting an idea (aka pure exploration).  Tosca is well funded and is moving forward with their plan at a surprisingly fast pace. Keep in mind the company only annouced this project in early March and in less than four months has formalized the deal, raised $5 million and mobilized a crew to the site! When Dr. El-Alfy the CEO gets out into the investment community and begins to really explain what Tosca has and the plans associated, no doubt the stock will get some attention, at which point he can further develop the asset base, eventually decreasing risk by initiating cash flow.
It seems that Tosca is setting up to be a tremendous long term win, and  that is being said from the point of view of a long term, develop an asset, patient investor who is happy to take ten baggers over a period of 2 or  3 years.  Experience tells me that you either need a good asset with good management or good luck or both, but my wins typically have not come from luck alone.

Mike!