Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Interactive Motorsports and Entertainment Corporation (OTC BB:IMTS) , SIRIUS Satellite Radio (Nasdaq: SIRI), Bioelectronics Corporation (PinkSheets:
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.15)
http://www.wallstreetstockreview.com/
Los Chorros Gold Mine Upgrade Projected to Generate US$12,900,000 Net Cash Flow to Gemini Explorations Inc.
-- Financing for Gold Mine Modernization Reaches Final Negotiations
Calgary, AB- December 4, 2007 -- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is pleased to report that it is in final negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The financing is equity based and should be completed within the next 14 days. 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. Minera Primecap Geological Services (MPGS) reported that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
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 and the low capital costs to upgrade the Los Chorros operating plant and the net cash flow estimates.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.
Michael Hill
President
Gemini Explorations, Inc
http://www.geminiexploration.com/ email: info@geminiexploration.com
403-697-4877
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Interactive Motorsports and Entertainment Corporation
(OTC BB:IMTS)
Current Price (0.009)
INDIANAPOLIS, IN----Dec 3, 2007 -- Interactive Motorsports and Entertainment Corporation (OTC BB:IMTS.OB - News), a leading producer of race car simulators, today issued photos of two of their proprietary race car simulators being lifted by crane onto the Carnival Cruise Lines' cruise ship Carnival Triumph in the Port of Miami. Interactive Motorsports and Entertainment Corp., an
SIRIUS Satellite Radio
(Nasdaq: SIRI)
Current Price (3.75)
NEW YORK, Dec. 3 -- SIRIUS Satellite Radio (Nasdaq: SIRI - News) today announced that David Frear, Chief Financial Officer and EVP of SIRIUS, is expected to present at the 35th Annual UBS Global Media & Communications Conference in New York, NY on Tuesday, December 4, 2007 at approximately 2:30 PM ET. SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR, NBA and NHL, and broadcasts live play-by- play games of the NFL, NBA and NHL, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.
Bioelectronics Corporation
(PinkSheets:
Current Price (0.06)
FREDERICK, Md., Dec. 3 -- BioElectronics Corporation, (Pink Sheets: BIEL - News), announced an agreement to expand with TSS Medical, Tecnica Scientifica Service, its medical provider distributor into Italy's retail pharmacies. TSS Medical has acquired 10,000 units to initiate the retail product launch. Bioelectronics Corporation develops drug-free medical devices for the treatment of soft tissue injuries. Its primary product is ActiPatch, a drug-free anti-inflammatory patch with an embedded battery operated microchip that delivers weeks of continuous pulsed therapy. The company's patented technology provides pulsed electromagnetic energy therapy used worldwide to reduce swelling; relieve pain; and enhance the healing of post-surgical incisions, chronic wounds, and orthopedic conditions. Bioelectronics is headquartered in
Nettel Holdings, Inc
(OTCBB: NTTL)
Current Price (0.28)
PORTLAND, OR---Dec 3, 2007 -- Nettel Holdings, Inc. (OTC BB:NTTL.OB - News) division, Talking Technologies, releases music by phone, SingMee.comYou can now enjoy your favorite music collection all day long no matter where you are or send a song with a special greeting to anyone. SingMee.com makes use of phones that are available just about everywhere in the world, are always on, and don't have to be BOOTED UP. Nettel Holdings, Inc., through its subsidiaries, engages in the provision of telecommunications products and services, computer equipment, and software primarily in the
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