Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), China YouTV Corp. (OTCBB:CYTV), PSPP Holdings, Inc. (OTC BB:PSPJ) , Tidelands Oil & Gas Corporation (OTC BB:TIDE) , Raining Data Corporation (Nasdaq:RDTA)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.14)
http://www.wallstreetstockreview.com/
Gemini Explorations, Inc. Reports on Re-Development Budget for the Los Chorros Gold Mine
Monday October 8, 2:30 am ET
Mine Modernization Projected to Yield US$7,300,000 of Net Cash Flow to Gemini
CALGARY, AB----Oct 8, 2007 -- Gemini Explorations, Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that it has received an extensive project cost analysis for the modernization and complete re-development of the Los Chorros Gold Mine. The MPGS report was overseen and prepared by Juan Fernando Restrepo, professional geologist and general manager of Minera Primecap Geological Services (MPGS) of
The detailed project cost analysis covers the estimated budget to completely modernize and redevelop the Los Chorros Gold Mine. The report also includes the annualized mining costs of Los Chorros operating at a production rate of 100 tonnes per day. The report includes the following categories:
I. Personnel Costs including professional engineers, technical staff and auxiliary support personnel (includes permanent mine management and operating personnel.)II. Geological Exploration & Mining Costs covering geological & geochemical analysis, mineralogy and metallurgy development, mine and plant design, legal & environmental contingency plan and digitalization costs of topographical and sampling data.III. Direct Operating Costs including personnel installation costs, management costs, civil works, recovery plant building, power plant, underground mining equipment and the mineral recovery plant. Also included are environmental waste disposal and site vehicle costs.
The total cost of the project is estimated to be US$595,900; adding a contingency factor of 30% would bring the maximum projected total to US$774,700.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini's belief that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. MPGS geologist Juan Restrepo reported that 50 tonnes per day production yielding an average grade of 12 grams per tonne Au (gold) would produce US$3,515,000 per year and a 100 tonnes per day production rate would produce over US$7,300,000 of net cash flow after all costs.
MPGS estimate that production in the second year could increase to 200 tonnes per day yielding US$14,600,000 net cash flow to the company. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce. Gemini has purchased an 80 percent controlling interest in the mine and has secured first rights of refusal on the remaining 20 percent interest.
The principal exposed vein in the Los Chorros working tunnels measures up to 2 meters thick and dips down at 45 degrees. Visible sulphides and massive sulphides are exposed and run from 2% up to 70%. Visible gold is present and samples assayed along a 30 meter section of the principal vein exposed between 2 faults returned values between 15 grams/tonne Au and 250 grams/tonne Au. The Los Chorros Mine presents an excellent opportunity for Gemini to take advantage of the near record high gold bullion prices and provides an internal source of cash flow to fund its ongoing development and exploitation of its wholly owned La Planada Gold Project, a potential multi million ounce gold deposit in southern
Historically one of the largest gold producing countries in the world,
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of the gold production of the property, the expected completion date of the redevelopment and modernization of the Los Chorros Gold mine, the low capital costs to upgrade the Los Chorros operating plant, the assumed production and net cash flow and the multi million ounce potential of the La Planada Gold project.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Contact: Michael Hill President Gemini Explorations, Inc. Suite 103240-11th Ave SW Calgary , AB T2R 0C3 http://www.geminiexploration.com email: info@geminiexploration.com IR info: 1 877 700 1644
Source: Gemini Explorations, Inc.
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China YouTV Corp.
(OTCBB:CYTV)
Current Price (0.46)
BEIJING, CHINA---Oct 8, 2007 -- China YouTV Corp. (OTC BB:CYTV.OB - News)(News), a publicly traded company that provides online video viewing services through its Cn.Boo web site in China, reports that its Chinese Joint Venture Partner HuaJu has signed an agreement with Beijing Meike Communication Technique Co., Ltd ("Meike") to cooperatively build a multi-faceted uploading tool known as "Micat" on CnBoo. Unlimited Chance Technology Development Co. Ltd, (referred as "UCTD"), a leading online advertisement company in
PSPP Holdings, Inc.
(OTC BB:PSPJ)
Current Price (0.06)
LOS ANGELES, CA---Oct 5, 2007 -- PSPP Holdings, Inc. (OTC BB:PSPJ.OB - News), a financial services company that is establishing an international banking network to facilitate electronic remittance, mobile banking, e-benefits, and stored value and pre paid card solutions, announced today that the company has formed a new Board of Directors (BOD) and has reinstalled Kyle Gotshalk as President. PSPP Holdings, Inc. (OTC BB:PSPJ.OB - News), headquartered in Los Angeles, California, is a financial services company that is establishing an international banking network to facilitate electronic remittance, Mobile Banking, e-benefits, and stored value and pre-paid card solutions. PSPP Holdings, Inc., headquartered in
Tidelands Oil & Gas Corporation
(OTC BB:TIDE)
Current Price (0.22)
SAN ANTONIO, Oct. 5 -- Tidelands Oil & Gas Corporation (OTC Bulletin Board: TIDE - News) today announced that it has entered into an agreement with Cheniere Energy, Inc. to fund the development of Tidelands' Burgos Hub Export/Import Project, which potentially will connect the North American pipeline grid to natural gas supplies and markets in northern Mexico. Cheniere has purchased an 80% equity interest in the project in exchange for up to $9 million in current and future payments plus royalties to be paid to Tidelands. Tidelands Oil & Gas Corporation, San Antonio, Texas, focuses on development of mid-stream natural gas projects including natural gas pipeline infrastructure, retail NGL sales, and natural gas receiving and storage facilities. Through its subsidiaries, Tidelands offers a full suite of services and has the capability to satisfy a wide variety of customer needs, both domestically and internationally. For more information about the Company, please contact Jim Smith at jsmith@tidelandsoilandgas.com.
Raining Data Corporation
(Nasdaq:RDTA)
Current Price (5.96)
IRVINE, Calif., Oct. 5 -- Raining Data Corporation (Nasdaq: RDTA - News) today announced that the company received, at 6:54 pm PDT on October 4, 2007, an irrevocable debt conversion notice from Astoria Capital Partners, LP related to the outstanding 5% Convertible Subordinated Note Due 2008 issued on January 30, 2003. The outstanding principal and accrued interest due to Astoria Capital Partners, LP at the time of receipt of the irrevocable debt conversion notice is approximately $23 million. In accordance with the terms of the Convertible Subordinated Note the outstanding debt is convertible into Common Stock at a price of $5.00 per share. Raining Data Corporation (Nasdaq: RDTA - News), headquartered in Irvine, California, offers enterprise-grade XML database management and information aggregation software solutions and has been providing reliable data management and rapid application deployment solutions for ISVs and developers of database applications for more than three decades. Raining Data's flagship products include: 1) The High-performance TigerLogic® XML Data Management Server (XDMS), which provides flexible, scalable and extensible XML data storage as well as query and retrieval of critical business data across a variety of structured and unstructured information sources, delivering mid-tier scalability and transactional integrity across heterogeneous enterprise databases as well as dynamic extensibility and ease of use, mostly found in repositories and file systems; 2) Powerful Pick® Universal Data Model (Pick UDM) based database management systems and components, including D3®, mvEnterprise® and mvBase® that are the choice of more than a thousand application developers worldwide and .NET Integration components including the Pick Data Provider for .NET and the Pick Reporting Services Connector; and 3) Omnis Studio®, a powerful, cross-platform, object-oriented RAD tool for developing sophisticated thick-client, Web-client or ultra thin-client database applications.
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