Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, March 14, 2012
TORONTO (SHfn) – Brookemont Capital (TSX: V.BKT, Stock Forum) shares plunged 54% to 5.5 cents on volume of more than five million shares Wednesday after the micro cap explorer reported further on the first few drill holes of the 2012 drilling program that have been completed on its Tanzanian property. Results included 119 metres of 0.0152 grams per tonne (g/t) gold. Management said it is currently evaluating all the data gathered to date to determine the best strategy going forward.
As well, shares of DIAGNOS Inc. (TSX: V.ADK, Stock Forum) moved up as much as 15% to 26.5 cents as the provider of algorithm development, data analysis, and image processing announced the signing of an agreement with a major global pharmaceutical partner, for the joint deployment and usage of CARA in the United Arab Emirates. CARA is a tele-ophthalmology platform that integrates with existing equipment (hardware and software) and processes at the point of care. CARA's image enhancement algorithms make standard retinal images sharper, clearer, and easier to read, according to the company.
SelectCore (TSX: V.SCG, Stock Forum), meanwhile, said it has executed a government contract related to the company's prepaid financial services business. The agreement has a three-year term with optional one-year term extensions. Final terms and details pertaining to the master agreement with the client will be disseminated at a future date before implementation of the program, which is expected to be in approximately 90 days. SelectCore stock popped as much as 12% to 27.5 cents.
And, Woulfe Mining (TSX: V.WOF, Stock Forum) Wednesday reported that an NI 43-101-compliant Preliminary Economic Assessment (PEA) has been completed for its 100% owned Muguk gold project in South Korea. The PEA identified a mining inventory, consisting of inferred resource and unclassified diluting material, of 728,000 tonnes grading 7.0 g/t gold. A cut-off grade of 4.3 g/t gold was determined. At an assumed gold price of US$1,600 per ounce, the undiscounted net pre-tax cash flow is US$68.6 million. The net discounted pre-tax cash flow, using a real pre-tax discount factor of 8%, is US$31.8 million. Payback of capital (in both discounted and undiscounted terms) is achieved during Year 6 of operation. The internal rate of return is 22%. Woulfe shares slipped 6% to 33 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
To read more articles by Sean Mason please click here