Cooper Energy Ltd V.COE

Canadian Silica Connection

[Canuck21C]

While doing some other digging on this latest NR ( though I wish I had Parry's SH budget) I did come across a certain TSX Venture-listed company called La Ronge Gold (LAR) which, low and behold, has recently invested in not one but two frac sand properties.  It has a 22% interest in an existing operating property near Lloydminster, Sask.  Its actual revenues and operating profits gives us COE shareholders a realistic glimpse on what to expect for our own prospective acquisition.  It just announced Q3 figures yesterday--26,000 Tonnes, 1.4M Revenue, 367,000 net.  They break it down roughly as US$22 per ton gross profit.  So, extrapolating our own figures of a 10M cubic yard deposit that would mean roughly 6.7M tonnes (1.5 cubic yds per tonne) at $22/tonne gross profit which translates to a very sizeable sum.  Of course, the company's DD during the next 60 days might uncover something completely else but it's nice to dream.   For comparison's sake the CanFrac Sands deposit mentioned above contains about 1.6M tonnes or about 1/4 the size of CanAm's proposed LOI site. 

I also have to mention that La Ronge has a 100% interest in an Arkansas Frac Sand property in that very same NE county I mentioned before.  Coincidence to what CanAm is doing?  I can't make a clear connection yet...or ever maybe....but one can't help to wonder about it.  One last thing.  LaRonge still has several gold properties on the books but, as far as I can tell, is not doing anything with them.  I did see after looking a bit one mention of a proposed name change to Selective Sands Corp.  So Zorro, could all this mean some sort of merger for our future that you were guessing at before?  Something to think about anyway.