January 15, 2008 - OTCPicks.com announces its Stocks to Watch for the Mining Sector.
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Today’s Stocks to Watch include: Copper King Mining (Pink Sheets: CPRK), Bolivar Mining Corp. (Pink Sheets: BOLV), Newmont Mining Corp. (NYSE: NEM), Harmony Gold Mining Co. Ltd. (NYSE: HMY), Kinross Gold Corp. (NYSE: KGC), and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Copper King Mining (OTC: CPRK)
Up 10.53% on Tuesday
Detailed Quote: Detailed Quote: http://www.otcpicks.com/quotes/CPRK.php
Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain Gold, Silver and Copper. The company recently added to its holdings by filing 6 more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.
January 15 - Copper King Mining Corporation Signs Letter of Intent to Acquire Western Utah Copper Company.
Copper King Mining Corporation (OTC: CPRK) is pleased to announce that the company has entered into a letter of intent to purchase 100% of Western Utah Copper Company which is located in Milford, Utah. The strength of the transaction is based on a combination of factors which will bring the two companies together and provide for a change of management and board of directors to Copper King Mining Corporation.
The assets of Western Utah Copper Company are very extensive. The company holds approximately 90,000 acres of mining claims and a complete line of Caterpillar Mining equipment including their own processing mill which is near completion. The mill upon its completion is expected to process 2500 tons of ore per day, recovering 50-65,000 pounds of Copper per day plus Gold and Silver. The properties mineralization consists of Gold, Silver, Copper and other metals such as Tungsten and Molly.
Western Utah Copper Company currently employs upwards of 60 people including geologists, engineers, management, construction personnel and miners. The company is currently removing overburden from the ore body on several acres of their property. The company has removed a combined 1,600,000 tons of over burden and ore, and has stock piled 200,000 tons of ore in preparation of the completed mill. Upon the signing of the definitive agreement between the two companies, management will change and Mr. Mark Dotson of Western Utah Copper Company will become the President and CEO of Copper King Mining Corporation. Mr. Dwaine Allred will step aside and become a member of the board of directors.
Bolivar Mining Corp (OTC: BOLV)
Detailed Quote: http://www.otcpicks.com/quotes/BOLV.php
Company Profile: http://www.otcpicks.com/bolivar-mining/bolivar-mining.htm
Bolivar Mining Corp, is a metals mining and exploration company engaged in global mining projects in over seven countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably or have overlooked, thus allowing access to bring rich mineral reserves to the global market. For more information, visit our website at http://www.bolivarmining.com/.
January 10 - Bolivar Mining Corp Operations Update
Bolivar Mining Corp. (BOLV.PK) announces to communicate with our current and future shareholders about our current operational update. "It is key to communicate to our shareholders, especially while in the early development stage of our emerging company", BMC's CEO and President, Arshad Shah commented.
1. About Bolivar Mining Corp.
Though the name and business change happened in November 2007, BMC
wanted to dive a little deeper and share more history on this major
milestone in our business.
In March 2007, Mr. Shah took over as CEO of Denim Apparel Group, a
trading vehicle to become Bolivar Mining Corp to raise operational
capital for purchasing mining rights for known deposits. Bolivar
Mining Corp does not have any current or past connections and was
never a member of the management/ownership team of the predecessor
companies.
Bolivar Mining has decades of mining development experience and has
recruited two major players in the field, Michael M. Ellis and
Dr. Robert B. Cook, Jr. We are planning to add more talent to our
geotechnical team shortly and begin a major assessment initiative for
our known metal deposit inventory, which we discuss later in this
release.
2. An update from our Chief Mining Officer, Michael M. Ellis
Why should anyone invest in Bolivar, through the purchasing of the
company's stock? The answer is straightforward and not very complex.
The world is fast running out of resources, due to the fact that many
former second and upcoming developing countries with huge populations
have now matured economically to the point that they desire a modern
Western lifestyle infused in their culture. Mr. Arshad Shah has long
realized this dilemma and the opportunity to earn an economic return
by efficiently addressing this problem. Through Bolivar Mining
Corporation, Mr. Shah has assembled a highly experienced technical
team well versed in the business of metal exploration and mining on
international scale. To date, only three members of the core five
member technical team have been announced publicly. Up until this
press release, I have not discussed the metal deposit projects in
detail that our technical team is currently evaluating spanning eight
countries.
Newmont Mining (NYSE: NEM)
January 14 - Gold shares surge on record high, again
Shares of gold producers rose in Monday afternoon trading as the price of the precious metal set an all-time high for the third day in a row.
An ounce of gold for February delivery on the New York Mercantile Exchange touched $915.90, its highest ever, before settling at $903.40, up $5.70 for the day.
When adjusted for inflation, however, gold is well below a record. An ounce of gold at $900 in 1980 would be worth about $2,300 today.
In a note to investors, John H Hill of Citi Investment Research became at least the third analyst to forecast gold prices may hit $1,000 per ounce in 2008.
"We believe gold has entered a new investment-driven phase, in a much more hospitable (macroeconomic) setting," analyst John Hill said.
He kept his gold price target of $750 in 2008, $800 in 2009 and $820 in 2010, but said the precious metal could "test" the $1,000 mark this year.
Hill also raised price targets on Newmont Mining Corp. (NEM, Fortune 500) to $67 from $48, and on Barrick Gold Corp. to $62 from $54.
Other movers in the Mining sector include Harmony Gold (NYSE: HMY) which is down nearly 3%, Kinross Gold (NYSE: KGC) which is donw 4% on the day, and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) which
OTCPicks.com’s Stocks to watch are brief analyses on the active stocks each day that are affecting the markets. These include breaking news, recent 52-week highs/lows, and other market driving information. OTCPicks.com is fast becoming the premier Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish a series of newsletters to opt-in investor members.
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OTCPicks.com Disclosure
Disclosure: OTCPicks.com has been compensated seven thousand five hundred dollars by a third party for BOLV advertising and promotional services.
