Stavely Minerals Ord Shs T.SVY

Primary Symbol: STVMF

Metals & Mining Industrial Metals & Minerals

Stavely Minerals Limited is an Australia-based mineral exploration company. The Company is focused on the exploring for copper, gold and silver at the Stavely and Ararat Projects in western Victoria, and nickel, copper and cobalt at the Hawkstone Project in west Kimberley, in northern Western Australia. The Stavely Project, covering an area of approximately 1,000 square kilometers (km2) over the prospective Stavely Volcanic Belt in western Victoria, includes a 100% owned retention license RL2017, 100% owned exploration licenses EL6870, EL7347, EL7921, EL7922, EL7923 and EL7924 and the Black Range Joint Venture license EL5425. The Ararat Project comprises a retention license, RL2020, covering an area of approximately 26km2. The Ararat Project is located on part of the western margin of the Stawell-Bendigo Zone, which is part of the western Lachlan Fold Belt. Hawkstone Project covers an area of 1,100km2 over prospective stratigraphy in the west Kimberley, in northern Western Australia.

OTCPK:STVMF - Post by User

Stavely Minerals Ord Shs > Nisku Yard

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Comment by PatchHandon Jan 05, 2015 2:55pm

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Post# 23286963

RE:RE:Nisku Yard

From Savanna's website they mention 31 double rigs, no mention of triples. Also this most recent quote on BNN. Exact quote can be found at Stockchase.

Analyst John Stevenson January 2nd, 2015:

SHORT. The biggest problem is the quality and type of rigs it has. Very few long-term contracts to the rigs. Shallow rigs. Oil/gas drilling in Western Canada is largely deeper and more complex. They only have 2 of the triple type rigs, which are the most popular. Their fleet is just not purpose ready and the market is drying up. In a downward market, these are the first guys to get axed.

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