Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), ECOtality, Inc. (OTC BB:ETLY) , Cheetah Oil and Gas Ltd. (OTC BB:COGL.OB) , Sutura, Inc. (OTC BB:SUTU) , ERF Wireless (OTC BB:ERFW)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.11)
http://www.smallcapstockanalyst.com/
GEMINI EXPLORATIONS COMMENCES MODERNIZATION OF THE LOS CHORROS GOLD MINE
~Mine modernization projected to yield US$12,900,000 of net cash flow to Gemini~
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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ECOtality, Inc.
(OTC BB:ETLY)
Current Price (0.22)
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Cheetah Oil and Gas Ltd.
(OTC BB:COGL.OB)
Current Price (0.27)
http://www.smallcapstockanalyst.com/
VANCOUVER, BRITISH COLUMBIA---Dec 5, 2007 -- Cheetah Oil and Gas Ltd. (OTC BB:COGL.OB - News) (the "Company") announced recently that it had completed a farmin transaction with Invicta Oil & Gas ("Invicta") (CDNX:IGG.V - News) whereby Invicta has acquired shares in the Company's British Columbia subsidiary Cheetah B.C. Cheetah B.C. holds petroleum prospecting and retention licenses in approximately 8.4 million acres of land in Paupua New Guinea. Cheetah B.C. holds petroleum prospecting and retention licenses in approximately 8.4 million acres of land in Paupua New Guinea.In consideration for acquiring a 90% interest in Cheetah B.C., Invicta has agreed to settle approximately $15 million in liabilities and will contribute a further $10 million in additional capital to Cheetah B.C. on or before December 31st 2008 which will be applied to further exploration and development work on Cheetah's licenses in Papua New Guinea.
Sutura, Inc.
(OTC BB:SUTU)
Current Price (0.09)
http://www.smallcapstockanalyst.com/
ERF Wireless
(OTC BB:ERFW)
Current Price (1.01)
http://www.smallcapstockanalyst.com/
LEAGUE CITY, Texas--Dec 5--ERF Wireless (OTCBB:ERFW - News), a provider of enterprise-class wireless and broadband products and services, and Latens Systems, the leading provider of software security solutions for Pay-TV & IPTV, today announced a working collaboration that will see the two companies cooperate closely to provide advanced, secure fiber-to-the-home (FTTH) systems for projects in the international marketplace. ERF Wireless Inc. is a fully reporting public corporation located in
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