Friday, December 30, 2011

News update from Western Wind Energy


"Western Wind Takes Delivery of US $12 Million of Solar Panels and Secures US Cash Grant"

WND.V signed a Module Supply Agreement ("MSA") for 42MW DC (30MW AC) for its Yabucoa Project located in Puerto Rico which will be repaid by US $12M project finance proceeds led by Rabobank. The Solor panels will be received prior to the Dec.31,2011. This transaction allows for the 30% US Federal Tax Free Cash Grant ~US $45M and qualifies for an addition US $64M of Puerto Rican investment tax credits.

Jeff Ciachurski, President of Western Wind Energy states, "this is a monumental accomplishment to secure the cash grant before the expiry date and together with the Puerto Rican ITC, add another $109 million of direct cash benefit to the Western Wind shareholders. Together with the previous $100 million received and/or about to be received from Kingman and Windstar respectively, this brings the aggregate amount of cash grants, tax credits, and tax shield benefits totaling over a half a billion dollars. It will only be a matter of time before Bay Street analysts realize the full value of Western Wind Energy. This is another gold medal performance by the Western Wind team, to close off 2011. Western Wind Energy wishes all of its stakeholders a happy, healthy and prosperous 2012."


New release

Source: http://finance.yahoo.com/news/Western-Wind-Takes-Delivery-cnw-1181518378.html?x=0

Source: http://ca.finance.yahoo.com/news/Western-Wind-line-receive-US-capress-3610689671.html?x=0

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Thursday, December 29, 2011

How are coarse gold veins formed? (BCG.V)



Nearly all coarse and fine placer gold originates from the erosion of primary hard rock gold deposits. Some placers are re-concentrated from older placers, but in the past, some time these came from primary deposits. A small amount of coarse gold has probably resulted from secondary enrichment processes, but the majority grew as a primary deposit from circulating hot water solutions under pressure – these are often called hard rock deposits

If water is hot enough, pressure high enough, and the chemistry is right (acids, and other elements like sulfur are present), then gold, quartz and other things can dissolve and go into solutions. The solutions move by natural convection (hot rises). As the solutions rise, the water cools as they move farther from the heat source in the ground and closer to the surface. The sulfides become less soluble and they come out of solution to follow natural fault zones to form veins (long and narrow plane). Veins are also commonly formed at the meeting of two different rock types. Sometimes a zone of broken or fractured rocks can develop a series of small parallel veins.

The small veins were difficult for old time miners to find and mine profitably. Therefore, with the new modern technology, geologists' jobs were made a lot simpler - larger areas can be covered and residual placers can be found quicker.


Some coarse gold veins districts that were found:

Goldfield, Nevada 1903 - the most productive gold vein district in Nevada - 5M oz of gold

Randsburg, South California - over 1M oz of gold

Kofa placers of Yuma county

North Star and King of Arizona

Source: http://www.nuggetshooter.com/articles/CRGeologyofcoarsegoldformation.html

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Wednesday, December 28, 2011

BCGold Corp BCG.V

Ticker BCG.V
Current price is between $0.10
Market Cap $9.1M
Shares Out. 96.4M
Revenue (FYR) ---
EPS $-0.03



Shareholder Ownership
  • 5% Management & Directors
  • 21% Institutional
  • 8% Kinross Gold Corp
  • 66% Retail 
Why to buy?

BCGold corp was created by a proven "ore-finders" management team who have more than 30 years of exploration and mining industry experience. This team includes 3 founding board members and the VP of Exploration explored for Placer Dome Inc. (1982-2006).

Currently, the main focus is the near-term production potential on the Engineer Mine Property. The production drifts in place for Engineer Vein between 5-8 Levels and Double Decker Vein on 5 and 8 Levels. There are high-graded gold comfirmed 21 metres below deepest mine level (8 level) on Double Deck Vein. They have a permit to dewater lower most 3 levels in hand and is fully permitted with a 30tpd gravity separation mill on site.

The two recent news release:

Aug.16,2011 BCGold Corp announces trench assays up to 979 g/t gold (28.6 oz/ton) and prepares to commence milling at Engineer Gold Mine

Link to news release:
http://www.bcgoldcorp.com/index.php?id=127&news=137#pagetop

Dec.14,2011 BCGold Corp reports bulk sample concentrate grades up to 6,485.8 g/t gold (189.2 oz/ton) from engineer gold mine
Bulk SampleTonnes Milled  Concentrate Produced (dry kg)Table Concentrate Grade
Gold g/tGold oz/tSilver g/tSilver oz/t
DD Trench9.415.5379.311.1244.67.1
505-240.7167.5204.86.0231.46.7
505-3A35.5172.31,324.138.6607.717.7
505-3B68.9173.56,485.8189.2934.827.3
505-569.7228.11,382.240.3826.724.1
505-621.958.7621.218.1414.412.1
Total246.1815.6*----

Link to news release:
http://www.bcgoldcorp.com/index.php?id=127&news=145#pagetop

The 5 projects
  1. Engineer Mine Property, B.C.
  2. Minto/Carmacks Copper-Gold properties, Yukon
  3. Sickle-Sofia Property, B.C.
  4. Voigtberg Property, B.C.
  5. South Quesnel Porphyry Copper-Gold Properties, B.C.
Link to properties desciptions
http://www.bcgoldcorp.com/all_files/BCGC-Hand%20Brochure-Dec-14-2011%20low.pdf



Video Footage at the Engineer mine mill in action (Oct.06,2011)

Website: http://www.bcgoldcorp.com/index.php?id=2

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Monday, December 5, 2011

Important notes and date to mark down for this week


S&P to place all 17 Euro nations on rating downgrade watch

US ratings agency to place Euro nations on "credit-watch negative". They are suspecting that there is one-in-two chance of a downgrade within 90 days.

France, Germany, the Netherlands, Austria, Finland, and Luxembourg, all tripe-A members of the euro zone, may be stripped of their AAA credit ratings as a result of deepening economic an polictcal turmoil.
Friday Dec 9th 2011, European Union leaders will meet and announce what they planned to do about the current economic crisis. We currently see optimisim in the market in hope that the European leaders will be able to quickly move to an agreement on a fiscal pact.'
Depending on what the European Union will announce on Dec 9th, we may see the price of gold move to the upside and break resistance. Keep an eye on Gold.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Thursday, December 1, 2011

Is this a Santa Claus rally?

A Santa Claus rally is a surge in price of stocks that occurs in the month of December, closer to Christmas but before New Year's Day. The rally is an anticipation of a rise in stock price in January due to an injection of additional funds into the market which is known as the January effect. The rally can also be due to additional trades that must be completed before year end for accounting and tax purposes.

The rally was sparked by the news that the Fed and 5 other Central banks will rescue the system by making it cheaper for banks to borrow money. The holiday season shopping starts off strong with black friday and cyber monday leading with the sales due the deep discounts in products. The rally spreaded overseas causing the Asian markets to soar (Hang Seng +1012.91 - 19002.26; Nikkei 225 +162.77 - 8597.38)

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.