This article was originally sent to TickerTrax subscribers on Feb 10, 2011.
Natcore Technology (TSX: V.NXT, Stock Forum; 91 cents)
www.natcoresolar.com
Featured to Ticker Trax subscribers: Feb 3, 2011, at 84 cents.
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Last week I introduced Natcore as a promising company in the solar sector. On Tuesday the company issued a press release informing shareholders that they were in discussion with Eastman Kodak thanks to help from an influential USA congresswoman. This story first appeared in a Rochester, N.Y. newspaper on Friday.
https://www.rbj.net/article.asp?aID=186542
"New Jersey-based solar technology company Natcore Technology Inc. is negotiating with Eastman Kodak Co. to open a research laboratory and production facility at Eastman Business Park.”
The involvement of Rep. Louise Slaughter (NY-28) is important because she has asked President Barack Obama and the U.S. Department of Energy to help Natcore establish a manufacturing center in Rochester.
Rep. Slaughter is Chair of the House Rules Committee and has been since 2007. The Rules Committee 
determines under what rules a bill will come to the floor and as such, is one of the most powerful committees in Washington. It is referred to as the "traffic cop of Congress.”
This endorsement by Slaughter is also another independent validation of how strong this solar technology could be. NXT has important joint ventures established in China, but (if) it announces anything with Kodak this year, we could see a substantial rise in price.
The following two-minute video provides an excellent overview. Pay particular attention to the CEO’s comments about creating a "Tandem" solar cell. If this is accomplished, it will revolutionize solar efficiency and cost. Also keep in mind that this technology originates from one of the most advanced Nanotechnology research centers in the world at Rice University.
https://www.b-tv.com/media/CEONatcoreTech.wmv
https://en.wikipedia.org/wiki/Louise_Slaughter
Cardero (TSX: T.CDU, Stock Forum; $1.77 / AMEX: CDY, Stock Forum; $1.83)
www.cardero.com
Featured to Ticker Trax subscribers: Nov 4, 2010, at $1.26
Strong buying on Cardero recently and my first suspicion was that it was associated with the investment in International Towerhill (TSX: T.ITH, Stock Forum; $10.11) – but now I am not so sure. The CEO mentioned a couple weeks ago that Cardero was working on something big (new) but didn't think it would close for 4 to 6 weeks (if at all). If the recent move is associated with ITH, I have explained why below. But first a quick review of CDU’s current financial situation.
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Net Value of Cash & Investments less debt = $1.83/share
Cash $52 million (88 cents/share)
Investments $83.5 million ($1.42/share)
Accounts payable $800k (-$0.01/share)
Income Tax $27 million (- 46 cents/share)
Shares Outstanding: 59 million
Current market value of Cardero investments is as follows:
-- International Tower Hill (TSX: T.ITH, Stock Forum; $10.11) - 4.6 million shares - $46 million
-- Trevali Resources (TSX: T.TV, Stock Forum; $2.35) - 7 million shares - $16.5 million
-- Wealth Minerals (TSX: V.WML, Stock Forum; $1.17) - 5.0 million - $5.5 million
-- Dorato Resources (TSX: V.DRI, Stock Forum; $1.16) - 2.4 million - $2.5 million
-- Coalhunter Mining (Private) - 12 million - $4 million
-- Kria Resources (TSX: V.KIA, Stock Forum; 45 cents) - 15 million - $7 million
-- Misc. Investments - $2 million
Cardero's largest investment is International Tower Hill (ITH). Last week that stock moved closer to its 52-week high on exploration drilling news. The latest resource estimate was 10.9 million ounces of gold indicated and 2.4 million ounces inferred. It’s a lower grade deposit with average grade near 1 g/t but very large tonnage and total exploration area is 145 square kilometres in Alaska.
ITH announced higher grades at depth indicating potential of a very valuable deposit below what's already proven. In addition, they hit a small intersection 4km from the main zone. This combined with the new discovery at depth, has many sharpening their pencils.
The deposit is large enough to be bought out by a major and fair value was likely in the range of $12 to $14. However, if the deposit is larger with higher grades at depth, the valuation will obviously go up and any majors may have to decide if they take a run at the company now or wait and pay higher prices if the resource expands.
All of this obviously bodes well for Cardero with 4.6 million shares. Even at $15, CDU would make another $20 million, or almost 40 cents/share. This all justifies the current valuation, but I am more curious what Cardero is working on in the background and if a much larger acquisition can be closed. I own 20,000 shares each of Cardero and of Natcore. – Danny Deadlock
THOM CALANDRA: Danny, I have to hand it to you. Your timing on Natcore seems prime. This theme of efficient energy is going secular.
You know, in the early 1980s I wrote for one of the two main Rochester newspapers, the Times-Union. I covered Kodak and cut my teeth on being a business reporter. I can remember one series we did at the newspaper, in which we really had to explore what the folks who worked at Kodak (NYSE: EK, Stock Forum) felt about their employer. A lot of hanging around in pubs and outside company gates. The theme then was “No more Kodak jobs for life.” It is much the same today, I take it.
Oh Danny, and the equity performance of Cardero? Impressive. It has almost doubled in price in what, three months? You have a keen eye for investments backed by real, and cheap, assets. Congratulations.
I am off to Africa to tour several gold properties. I shall keep our subscribers posted. In the meantime, here is the preview I delivered this morning: Actionable & Reputable In Africa. Thanks again, Danny. -- Thom
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Ticker Trax™ is published by Stockhouse Publishing Ltd. Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra nor Danny Deadlock is a broker or an investment advisor. None of the information contained therein constitutes a recommendation by Mr. Calandra or Mr. Deadlock or Stockhouse that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax and Thom Calandra and Danny Deadlock do not receive from any companies that may be mentioned in Ticker Trax. Some of those companies are advertisers or clients of Stockhouse, the publisher. Xtra-Gold Resources was at one time a preferred client of Stockhouse for investment relations, marketing and other commercial but not editorial services, which are never guaranteed. Any opinions expressed are subject to change without notice. Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax. PLEASE DO NOT EMAIL SEEKING PERSONALIZED INVESTMENT ADVICE. Copyright 2010 all rights reserved.