Start following uranium stocks!

Reasons why Uranium will move higher in the mid term:

1) Uranium had fallen to about $47 per a pound which reduces the incentive for compaines to keep producting uranium. Compaines such as Cameco, BHP Biliton, and Paladin Energy have cut back on production and expansion of mines.

2) India announced that it wants to increase its nuclear power generation capacity nearly 200% over the next 25 years.

3) China have 26 nuclear reactors under construction this year. China also announced it will increase their nuclear generation capacity 6x by 2020 to 80 gigawatts.

4) Russia have 10 reactors under construction this year and 14 more reactors in the planning stage.

According to the World Nuclear Association, there are more than 60 reactors under construction around the world and a total of 95 new reactors are expected within the next 10 years.

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

BCGold Corp. Announces 100% Ownership of High-Grade Engineer Gold Mine, Mill Purchase and Corporate Restructuring

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2012) - BCGold Corp. (or the "Company") (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) is pleased to announce that it has vested its final 25% interest and has now acquired 100% ownership of the Engineer Mine property from Engineer Mining Corp. ("EMC"). BCGold Corp. has notified EMC that it has fulfilled all obligations under the option agreement dated January 16, 2007, including all subsequent amendments.

Immediately following the acquisition, BCGold Corp. entered into a letter agreement with EMC to purchase the following items, subject to TSX Venture Exchange approval, for total consideration of $300,000 payable to EMC no later than May 15, 2013:

• the fully permitted 30-tonne-per-day gravity separation mill, a 931 Caterpillar crawler loader, a 10-tonne dump truck, and ancillary equipment at Engineer Mine
• the 30% Net Profits Interest Royalty on a high-grade gold shoot on the Double Decker Vein between mine levels five and eight
• the option to purchase the Engineer Mine property surface rights in three equal annual payments over a three-year period commencing April 16, 2016, at a fair market value of no more than $500,000 (this item is an amendment to a previous agreement with EMC)

"This agreement consolidates the Company's ownership of mineral rights, royalties and infrastructure at the Engineer Mine property. The Engineer Mine has excellent exploration upside and near-term production potential, with more than 5,500 m of underground development to provide access to seven high-grade gold veins and two potential bulk tonnage mineralized shear zones," states Brian P. Fowler, P.Geo., President and CEO of BCGold Corp. "Engineer Mine remains our primary focus and we are committed to maximizing shareholder value by continuing to advance the property through sustainable and deliberate exploration and development. We believe we can continue to selectively bulk sample high-grade vein material and produce a marketable gold-rich concentrate while we continue to explore for bulk tonnage, shear zone gold deposits."

 

Common Share Consolidation

In order to obtain adequate financing to further explore and develop the Company's projects, including the Engineer Mine property, BCGold Corp.'s directors deem it necessary to consolidate the Company's share capital. BCGold Corp. was unsuccessful in filling a $500,000 private placement (announced July 10, 2012) priced at the practical minimum share price of $.05 per Unit in a prevailing weak venture capital market. The Company's directors believe that locking up 100% ownership of the Engineer Mine property, mill, and royalties makes for a compelling and financeable investment opportunity, even more so when coupled with the tighter share structure (and anticipated multiple in share price) that results from a consolidation of share capital.

BCGold Corp. is convening an Extraordinary Meeting on October 30^th, 2012, at 11:00 am at its corporate office, where shareholders will be asked by means of an Ordinary Resolution to approve a Consolidation of the Company's issued and outstanding common shares at a ratio of up to ten (10) to one (1).

If the Consolidation is approved, there will be more room for the share price to drop. Share holders will also reduces their chance of making 10x the amount that they were hoping to make. As of now, BCgold seems to on the downturn due to this announcement.

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

WND.V meeting is today! 10pm pacific time!

Yellow form for current management and the Green form for the dissident.

Western Wind’s chairman won’t be chairing big meeting

Friday, September 21, 2012

BOYD ERMAN

That meeting was set to be run by Michael Boyd, the chairman of Western Wind, until the British Columbia Supreme Court ordered an independent chairperson instead run the meeting.

Chairing the meeting will be securities lawyer Gordon Chambers of Cassels Brock Lawyers.

The problem seems to be that Mr. Boyd is not an independent director. In fact, he is not only chairman of the board, but an executive at Western Wind reporting to chief executive Jeffrey Ciachurski, who has been the point man fighting off Savitr. So on one hand, he is the chairman of the board that is supposed to oversee Mr. Ciachurski’s work. On the other hand, Mr. Ciachurski is his boss.

“While the appointment of an independent chair is not granted in the ordinary course, the Court held that the series of events in this case gives rise to a reasonable apprehension that the chairmanship of the Meeting by Mr. Boyd, who reports to Mr. Ciachurski, will not be conducted fairly,” Savitr said in a statement.

Western Wind said in a statement that “we welcome the appointment of an independent chairperson of the meeting as we are committed to an open and fair meeting.”

The result, no matter who wins, is likely to be a sale of Western Wind. Both sides say they want to sell the company; the fight is simply over who is best placed to do it.

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

WND update!

Western Wind Energy Corp., which is trading at year highs, provided an update on the previously announced process to sell the company and all of its assets. The company also reported that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that shareholders of Western Wind vote the YELLOW proxy in support of the current board of directors of Western Wind.

There are no support on Savitr Capital that their nominees will be good directors when the current directors built WND to where it stamds now. However, it is true that there were delays in the project and lack of update information. Also, the board's willingness to pursue a sale transaction. Notably, the existing board declined to engage Algonquin Power & Utilities Corp. after that party offered to acquire the Company in October 2011 for a purchase price that represented a premium of approximately 88.0% to the unaffected closing price of WWEC shares at that time.

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

Western Wind Energy is for sale

Brookfield, a developer and operator of wind and hydroelectric projects in Canada, the U.S. and Brazil, bought 10.7 million shares in Western Wind for C2.25 ($2.28) each, according to a statement today. It also acquired 319,700 warrants, representing 0.5 percent of Western Western Wind’s shares, if exercised, for C$1 each. Brookfield Renewable Energy Partners LP acquired 16.2 percent of its common shares, becoming its second-largest shareholder.

“Brookfield has significant U.S. taxable income,” he said in an interview today. “They’re a good fit.”

Western Wind has risen 93 percent since it said July 30 that it was for sale. Its board said at the time it expected a sale price between the C$2.50 offered in a takeover bid last year and the more than C$5 value consultants gave to the company. Goodman & Co. Investment Counsel Ltd owns 17.5 percent of its shares, according to data compiled by Bloomberg.

http://www.businessweek.com/news/2012-08-29/brookfield-renewable-acquires-16-dot-2-percent-of-western-wind-shares

The Board maintains believes that the closing of several milestones, including financial completion and start of major construction of its 30 MW Yabucoa Project in Puerto Rico, will allow the company to be sold at a level between the October, 2011 Algonquin "bear hug" bid (apparently $150 million or $2.50 per share) and the published DAI valuation ($5.06 per share).

 

https://research.canaccordgenuity.com/_layouts/researchnoteviewer.aspx?pubid=81608

Western Wind Energy* (WND : TSX-V : $2.30), Net Change: 0.21, % Change: 10.05%, Volume: 892,072

Brookfield Renewable* (BEP.UN : TSX : $29.30), Net Change: -0.58, % Change: -1.94%, Volume: 143,465

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

Avion Gold Corp may be acquired by Endeavour Mining Corp

Avion Gold Corporation Announces Acquisition by Endeavour Mining Corporation and a US$20,000,000 Exchangeable Debt Financing

 

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2012) - Avion Gold Corporation ("Avion") (TSX:AVR)(OTCQX:AVGCF) is pleased to announce today that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Endeavour Mining Corporation ("Endeavour"), pursuant to which Endeavour has agreed to acquire all of the issued and outstanding common shares ("Avion Shares") of Avion by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").

 

The management agrees to the proposal for the take over of Avion Gold Corp. With the current share price, the deal seems to be decent and attractive, however, there are analysts that suggest that Avion Gold Corp should be valued at a lot higher price and may be better off on its own. With its current price showing that it has room to move up to reach the bidding value, traders shgould be able to make a quick trade for a small and safe return as long as gold prices move to the upside.

http://www.aviongoldcorp.com/News/News-Details/2012/Avion-Gold-Corporation-Announces-Acquisition-by-Endeavour-Mining-Corporation-and-a-US20000000-Exchangeable-Debt-Financing1130/default.aspx

 

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

BCGold Corp. Successful​ly Dewaters 7 Level of Engineer Mine

BCGold Corp. geologists collected 190 panel samples along the length of the Engineer Vein on 6 and 7 Level. Samples were submitted to Inspectorate Exploration and Mining Services of Richmond, British Columbia where they will be analyzed for gold and other elements using a combination of metallic screen assaying and multi element inductively coupled plasma (ICP) analysis.

The Company dewatered 6 and 7 Level to access the down-plunge extension of the 505-3 and 505-5 gold shoots discovered on 5 Level during the Company's 2011 bulk sampling of the Engineer Vein. The two gold shoots are a compelling exploration and bulk sampling target estimated to contain 6,000 to 8,600 tonnes between 5 and 7 Level, grading 30 to 60 g/t Au, for up to 17,000 ounces of contained gold (see February 29, 2012 news release). The 505-3 gold shoot is completely outside of the Inferred Mineral Resource previously defined by Snowden Mining Industry Consultants Limited.

http://www.bcgoldcorp.com/index.php?id=127&y=2012&news=161#pagetop


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

Mart Resources Inc MMT.V

Mart Announces $0.10 Per Common Share Dividend

Mart Resources has declared a dividend of $0.10 per a common share payable on August 8, 2012 to shareholders of record at the close of business on July 23, 2012.

Mart's Board of Directors has also adopted a dividend policy reflecting its intention to pay quarterly dividends of $0.05 per common share commencing in September 2012. The payments of dividends in the future are dependent on Mart's cash flows, capital expenditure budgets, earnings, financial condition and other factors as the Board of Directors may consider appropriate from time to time.

Wade Cherwayko, CEO of Mart commented: "The declaration by Mart of its first dividend to shareholders is a very important milestone for the Company and reflects our positive view of the sustainability of cash flow from Mart's Nigerian operations."

The future out look for this stock is looking good. The stock is trading at only $1.42 as of now, therefore, a $0.10 dividend payout is about a 7% dividend payout. But normally after the dividend payout, the stock will drop by the same amount and we are seeing $1.20 support line. So trade this stock on a medium term outlook.

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

What's next for silver prices?

"The additional platform for trading silver in China could well have rekindled investor interest, offering the possibility of arbitrage opportunities..."

Silver spiked to over $35 an ounce in late February, but has since slipped back near $28 an ounce, where it started the year. But the long-term silver prices outlook remains bullish.

On May 10, the Shanghai Futures Exchange (SFE) began trading silver futures and got off to a good start.

As the world's leading silver producer and the second-biggest consumer of the precious metal, expectations are high for the contract not only for China but worldwide.

Market watchers are focused on the upcoming FOMC Meeting on June 19-20, followed by a Federal Reserve Chief Ben Bernanke press conference.

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

China and Japan Move Away From Dollar, Will Conduct Bilateral Trade Using Own Currencies

China, Japan, and Russia will soon be stepping away from the US dollar. On June 1st, the two country will move to conducting trade with one another by directly using their own currencies.

In March 2012, the Japanese government declare that they will be purchasing 65 billion yuan ($10 billion of Chinese debt) for its own reserves.

The People's Bank said on Tuesday that an intial trading rate would be set at 7.9480 yuan for every 100 yen at market in Shanghai. Unlike yuan-dollar trading, which only allows for a daily flucatuation of 1 percent in yuan trading value, yuan trading with the yen will be able to move within a 3 percent range.

The two countries are rated the world's second and third largest economies respectively. In over the past decade their economic relationship has strengthened. Trade between the two countries reached approximately 27.5 trillion yen ($347 billion) in 2011. The direct trade will carry benefits for both countries.

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

Hana Mining Ltd HMG.V - Warning Alert

A new resource estimate for Hana Mining Ltd.’s Ghanzi copper-silver project in Botswana was unexpectedly smaller and lower grade than a previous estimate, sparking a plunge in the company’s share price. “We do not believe that Hana Mining has the capacity to further develop the Ghanzi project, and the marginal economics and high cost ... are such that we believe the asset will most likely only have corporate appeal to nearby Discovery Metals,” an Australian company developing its own assets in the country.

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

Selling from Hong Kong to New York

From East to the West, traders are lined up against the North American markets. Oil Fell $1.58 a barrel and gold fell $22 an ounce. With commodities falling, Canadian dollar also slipped 0.31 cents.

Investors are worried about the slowing growth in China, where the government reported last friday that industrial production rose less than expected. Europe is China's largest export market and with Europe sliding back into recession, China is sure to share some of the pain.

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

Western Wind Energy is starting to bounce back with strength

We are seeing price movement up and buying interest on the bid side that is supported by volume for WND.V. On April 27th, 2012, WND.V bounced to a high of $1.59 from a low of $1.42 the day before that was supported with volume of 561,813 shares. Then it followed with volume of 290,990 shares and 206,700 shares staying above $1.50.

Another support to this movement is the increase in oil price. Today, oil closed down to $105 from $106. If oil price continues to move higher, we can expect the energy sector follow along.

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

Market Overview

Stocks rose for a third day Thursday on upbeat housing data and stronger-than-expected earnings, while energy stocks kept the TSX positive.

Gold spot price have moved above $1650 again, however, gold stocks have not returned to its normal range after the drop. We still believe gold stocks will move a lot higher soon and are very bullish within this year. There is still a lot of activities happening with the financial system across the world that still have yet to be uncovered.

We are also very bullish on energy stocks, especially oil  and uranium stocks. Also pay attention to natural gas stocks because they have been hit quite hard that we might see a bounce but stock piles are still too high to be completely bullish.

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

Eyes are on gold

We are watching gold too. Some analyst are saying it is possible to drop gold down to as low as $1475-$1525? is that possible? of coarse, anything is possible haha. These analysts are basing this according to the charts, that it will match the low before gold popped to the ~$1900 level.

Before, we were expecting to see something like a head and shoulder, but it is slightly off because gold had dropped through $1650. As of today, gold did break the 200ma support line but gold is back up over $1650 which was the previous yearly low.

We are still 100% bullish on gold for the end of the year and we do expect it to shoot pass $2000.

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

Look at WND.V market cap...

A lot of investors of Western Wind Energy are questioning why the share price is so low and is still under AQN's $2.50 bid. Honestly, it doesn't make sense, but if you take a look at other "undervalued stocks", like gold mining producers, oil producers, etc, a lot of stocks are not moving as how people are used to when the market was well and not focused on financial crisises. However, I still believe as long as we get good enough news, the stock price will move in a spike with only 62.M shares in he float (and of coarse it will  also depend on where the overall market sits).

Western Wind Energy has already filed in for the $90M grant to the government which we are expecting to see in 4-5weeks from now.

Here is a simple math:

($112M Market Cap  + $90M Grant)/62M Shares Out. = $3.25 per a share

Of coarse, it is not as simple as that and a lot other factors will play into the real equation. But we can see, it is obviously undervalue at about half that price at $1.80 today.

We should be seeing a price improvement in the next 2-3 quarters - till end of the year for a price increase. Unless the unfortuantes happen, but for now, lets hope for the best!

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

Pressing the Nuclear Restart Button

China will continue to safely develop nuclear power after a one-year construction hiatus

News link: http://www.bjreview.com/print/txt/2012-02/27/content_427876.htm

On March 30,2012, Alice Tsang was on BNN afternoon market call naming UUU.TO as her top pick and expects it to double by year end.

Western Wind Energy Reports Financial Results for the Year Ended December 31, 2011

18:35 EDT Friday, March 30, 2012

Toronto Stock Exchange (Venture) Symbol: "WND" OTCQX Symbol: "WNDEF" Issued and Outstanding: 62,657,641

VANCOUVER, March 30, 2012 /PRNewswire/ - Western Wind Energy Corp. (the "Company" or "Western Wind") today announced its financial and operating results for the year ended December 31, 2011. All figures are in US dollars unless otherwise stated.

RECENT DEVELOPMENTS

• The Company's total assets as at December 31, 2011, were $395,924,719 compared with $270,984,170 as at December 31, 2010, an increase of 46% year-over-year.
• On March 22, 2012, Western Wind submitted its Windstar Generating Facility cash grant application to the U.S. Department of the Treasury. The cash grant will be from a U.S. Federal Government program to encourage renewable energy development through a 30% cash grant in lieu of tax credits, paid by the U.S. Department of Energy, and is part of the American Recovery Re-Investment Act ("ARRA"). Western Wind submitted $301,855,689 of eligible costs for an estimated cash grant of $90,556,707, which is subject to review and approval by the Department of Treasury. In accordance with the program guidance, applications are to be reviewed and payments made within 60 days from the later of the date of complete application or the date the property is placed in service.
• On January 27, 2012, the Company declared commercial operations for its 120MW Windstar Generating Facility.
• On January 21, 2012, the Company closed a non-brokered private placement of 1,550,000 Units at a price of C$2.00 per Unit for gross proceeds of C$3,100,000.
• On December 30, 2011, the Kingman project $4,082,535 loan with RMT, Inc. ("RMT") and $4,200,000 Keybank treasury grant loan were repaid with proceeds from the Kingman cash grant, terminating all obligations under those loan agreements. The Kingman construction loan was converted to a $16,000,000 term loan on December 23, 2011.
• On December 21, 2011, the Kingman Generating Facility cash grant application to the U.S. Department of the Treasury was approved, and the Company received proceeds of $9,324,382 on December 24, 2011.
• On December 29, 2011, the Company entered into a Module Supply Agreement ("MSA") with REC Solar U.S., LLC for the purchase of solar modules totaling approximately 42MW DC (30MW AC) for its Yabucoa Project, in Puerto Rico.
• On November 2, 2011, the Company executed a fixed price Power Purchase Agreement ("PPA") with San Diego Gas & Electric Company ("SDG&E") for its 30MW Mesa wind generation facility. On March 27, 2012, Western Wind deposited $483,140 delivery term security with SDG&E for the term of the PPA expiring December 31, 2013. The existing PPA with SCE will terminate on March 31, 2012 and energy sales will commence with SDG&E on April 1, 2012.

RESULTS OF OPERATIONS

The Company recorded a net loss for the year ended December 31, 2011 of $4,915,478 compared to net income of $568,783 for the year ended December 31, 2010. Basic and Diluted loss per share was $(0.08) for the year ended December 31, 2011 compared to earnings of $0.01 per share for the year ended December 31, 2010.

Revenue

For the year ended December 31, 2011, the Mesa, Kingman and Windridge Generating Facility's generated combined energy sales of $3,254,393, compared to energy sales revenue of $2,637,927 for the comparative period. The increase in energy sales for the year ended December 31, 2011, was largely driven by a 9% increase in energy production over the comparative period due to the additional revenues from the newly operational Kingman Generating Facility, coupled with a 16% year-over-year increase in the average sales price.

Cost of sales

Cost of sales increased 20% to $1,738,728 for the year ended December 31, 2011 and was 53% of revenues compared to $1,447,848 for the year ended December 31, 2010, and 55% of revenues. This year-over-year increase in cost of sales resulted primarily from the addition of the newly operational Kingman Generating Facility, and a decision from the Bureau of Land Management to bill for back rental payments for the Company's Mesa Generating Facility.

General and administration

General and administration costs increased $1,899,110 (67%) to $4,724,330 for the year ended December 31, 2011, compared to $2,825,220 for the comparative period. This increase can largely be attributed to the following:

• Professional fees increased $557,347 (147%) to $937,463 for the year ended December 31, 2011, due to the expanded scope of outside legal services resulting from a settlement agreement with a previous consultant, and additional costs for the year end audit and tax advisory services.
• Salaries, consulting and directors' fees increased $466,874 (47%) to $1,463,207 for the year ended December 31, 2011, as additional administrative and accounting staff were hired to support growth resulting from the construction of Windstar and Kingman projects in 2011.
• Stock based compensation increased $457,561 (59%) to $1,230,136 for the year ended December 31, 2011, and is directly attributed to the issuance of options to the Company's contractors, employees, and directors in December 2010.

Project development

Project development costs decreased $4,416,355 (65%) to $2,347,760 for the year ended December 31, 2011, compared to $6,764,115 for the comparative period. This decrease can largely be attributed to the following:

• Consulting fees decreased $5,019,670 (645%) to $778,190 for the year ended December 31, 2011, and is attributed to the $4.9 million in Windstar and Kingman bonuses declared to the Company's consultants, employees and directors in December 2010.
• Stock based compensation increased $226,336 (69%) to $554,930 for the year ended December 31, 2011, and is directly attributed to the issuance of options to the Company's contractors, employees, and directors in December 2010.
• Project costs increased $435,957 (134%) to $760,712 for the year ended December 31, 2011, due primarily to land lease costs associated with our Snowflake development project, costs incurred on our Kingman project and a one-time bonus-payable to a consultant of the Company for achievement of milestones on the Windstar project.

Amortization

Amortization expense increased $427,260 (46%) to $1,355,557 for the year ended December 31, 2011, compared to $928,297 for the comparative period, as the Kingman Generating Facility was placed into commercial operation on September 24, 2011, and the respective plant and equipment amortization commenced.

Asset retirement obligation

Asset retirement obligation accretion increased $20,678 (304%) to $27,484 for the year ended December 31, 2011, compared to $6,806 for the comparative period, as the Company's Kingman Generating Facility has provided for the future remediation costs.

Interest and finance costs on loans payable

Interest and finance costs on long term debt for the year ended December 31, 2011, increased $1,210,438 (1820%) to $1,276,933 compared to $66,495 for the comparative period. The increase in interest and finance expenses for the year ended December 31, 2011, is attributed to the corporate bridge financing, and the recognition of of our Kingman Generating Facility credit agreement interest in the Statement of Operations, previously capitalized during construction. Interest on the Windstar construction loans is capitalized as part of the power project development and construction costs, while the project is under construction.

Foreign exchange (gain) loss

The Company incurred a foreign exchange gain of $6,202 for the year ended December 31, 2011, compared to a gain of $202,175 in the comparative period. This decreased foreign exchange exposure is attributed to realized foreign exchange gains/losses on U.S. dollar denominated payable balances, held by the Canadian parent company, offsetting each other as the USD/CAD exchange rate fluctuated throughout 2011.

Other income

The Company recorded other income of $155,024 for the year ended December 31, 2011. This is primarily attributed to the recognition of $125,496 in deferred income from the Kingman cash grant receipt.

Mark-to-market gains on Canadian dollar warrants

Mark-to-market gains on the Company's Canadian dollar denominated warrants for the year ended December 31, 2011, were $215,522, compared to a loss of $1,418,733 for the year ended December 31, 2010. The mark-to-market gains on the warrants is attributed to the year-over-year depreciation in the Canadian dollar, offset in large part by a year-over-year increase in the Company's stock price from C$1.60 per share to C$2.01 per share, and the corresponding fair value calculation associated with the Black-Scholes valuation model, thereby reducing the Company's warrant liability.

Income tax recovery

The Company's current income tax expense and deferred income tax recovery were $113,205 and $3,028,192, respectively, for the year ended December 31, 2011, compared to $nil and a recovery of $11,147,954 for the comparative period. The decrease in the deferred income tax recovery for the year ended December 31, 2011, can largely be attributed to the December 31, 2010 decrease associated with the change in valuation allowance. The current income tax expense for the year ended December 31, 2011, resulted from the recognition of current income taxes payable to the State of California for 2010. On October 8, 2010 California's state budget act extended the suspension of net operating loss deductions to 2010 and 2011 tax years.

Comprehensive loss

Comprehensive loss was $6,499,341 for the year ended December 31, 2011, and was comprised of the following items:

• A net loss of $4,915,478 for the year ended December 31, 2011;
• Mark-to-market losses on the Kingman interest rate swaps totaling $1,558,793 for year ended December 31, 2011, given that the London Interbank Offered Rate ("LIBOR") has declined to historically low rates;
• Mark-to-market loss on the Canadian dollar warrants of $50,068 for the year ended December 31, 2011, were due to a depreciation in the Canadian dollar vis-à-vis the U.S. dollar; and
• Unrealized foreign exchange gains of $24,998 on translation of the Canadian parent company for the year ended December 31, 2011, stemming from the depreciation of the Canadian dollar vis-à-vis the U.S. dollar.

FINANCIAL POSITION AND LIQUIDITY

The Company's total assets as at December 31, 2011, were $395,924,719 compared with $270,984,170 as at December 31, 2010.

As at December 31, 2011, the Company had a cash balance of $429,583, and $47,015,675 in restricted cash reserved for the Windstar and Kingman generating facilities, compared to a cash balance of $1,119,366 and $127,128,155 of restricted cash as at December 31, 2010. The restricted cash balance is reserved solely for project and operational costs related to the Windstar and Kingman Generating Facilities, respectively, and are held in restricted escrow accounts. On a monthly basis, the Company applies for the funds to be released from the escrow accounts to pay for specified construction and operational costs.

The Company's working capital was a negative $102,481,507 as of December 31, 2011 (negative $23,263,157 at December 31, 2010). This negative working capital balance primarily relates to the project mezzanine financing being the bridge financing of $51,013,346 and deferred financing of $15,488,574 being presented as a current liability. The receipt of the Windstar cash grant proceeds (amount submitted on March 22, 2012 for approval being $90,556,707) will be used to repay the bridge and deferred financing, and the Company will use the excess cash grant to repay the corporate bridge loans of $18,867,922 as they become due. The REC promissory note of $12,006,000 is due on April 30, 2012 and will be repaid upon financial close from our anticipated construction and term financing for our Yabucoa project.

On January 21, 2012, the Company closed a non-brokered private placement of 1,550,000 Units at a price of C$2.00 per Unit for gross proceeds of C$3,100,000 to fund project development and working capital needs. These additional funds will augment the net proceeds and cash generated from our Mesa and Windridge Generating Facilities to fund general and administration costs and project development expenditures, until the Company is in receipt of the Windstar cash grant or first distributions from our Kingman (expected June 30, 2012) and Windstar projects are received (expected September 30, 2012) from our restricted escrow accounts.

About Western Wind Energy Corp.

Western Wind Energy Corp. (OTCQX: WNDEF; TSX.V: WND) trades in the United States on the OTCQX under the symbol "WNDEF" and on the TSX Venture Exchange under the symbol "WND". Western Wind is a vertically integrated renewable energy production company that directly owns over 165 MW of rated solar and wind capacity in production in the States of California and Arizona. Western Wind further owns substantial additional development assets for both solar and wind energy in California, Arizona, Ontario, Canada; and in the Commonwealth of Puerto Rico.

Western Wind is in the business of owning and operating wind and solar energy generating facilities. Management of Western Wind includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.

ON BEHALF OF THE BOARD OF DIRECTORS

"SIGNED" Jeffrey J. Ciachurski President & Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this press release constitute "forward-looking statements" under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Such factors include, but are not limited to, the state of the Company's business activities and various factors discussed in the Company's annual report and annual information contained in the Company's 20F Annual Report filed with the United States Securities and Exchange Commission and securities regulators in Canada. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.

Newssource:http://ca.finance.yahoo.com/news/western-wind-energy-reports-financial-223500937.html

Uranium!

Uranium

3/19/2012 12:11:11 AM | Marin Katusa, Casey Research

The abundance of cheap gas has utilities looking to build more gas-fired power plants. Some observers have suggested that this will be to the detriment of the nuclear sector in the U.S. But that perspective is pretty shortsighted.


It is true that some utilities have delayed plans for new nuclear plants by a few years, primarily in response to the Fukushima nuclear disaster in Japan and the ensuing public backlash against uranium. But that backlash is already fading; and those delays will have only a minimal impact on the nuclear sector in the U.S. Five new generators are on track for completion this decade, including two reactors approved just a few weeks ago (the first new reactor approvals in the U.S. in over 30 years). Those will add to the 104 reactors that are already in operation around the country and already produce 20% of the nation's power.


Those reactors will eat up 19,724 tonnes of U3O8 this year, which represents 29% of global uranium demand. If that seems like a large amount, it is! The U.S. produces more nuclear power than any other country on earth, which means it consumes more uranium that any other nation. However, decades of declining domestic production have left the U.S. producing only 4% of the world's uranium.


With so little homegrown uranium, the United States has to import more than 80% of the uranium it needs to fuel its reactors. Thankfully, for 18 years a deal with Russia has filled that gap. The "Megatons to Megawatts" agreement, whereby Russia downblends highly enriched uranium from nuclear warheads to create reactor fuel, has provided the U.S. with a steady, inexpensive source of uranium since 1993. The problem is that the program is coming to an end next year.


At present the world is producing just enough uranium to meet global demand, but this precarious balance is already tipping. There are dozens of new reactors under construction in China, India, South Korea, and Russia that will need fuel. Production increases from new mines and mine expansions are not expected to keep pace. The race to secure uranium resources is on, and for the first time the U.S. has to compete.


The answer is domestic production. The rocks underneath the United States hold lots of uranium, enough to make a significant contribution to the country's uranium needs. The biggest impediment to mining this resource is public opposition to the nebulous dangers of uranium mining, but as the Megatons program ends Americans will start to see that the alternatives to domestic production are decidedly worse: competing against China, India, and the like for uranium is an expensive and unstable way to acquire a desperately needed energy resource. In fact, at Casey Research we have been vocal in predicting a demand-driven boom in U.S. uranium production. We even expect to see "Made in America" uranium garnering a premium over imported yellowcake, in the same way that in-demand Brent crude oil earns a premium above oversupplied West Texas Intermediate crude.

News Link: http://www.stockhouse.com/Columnists/2012/Mar/19/Upside-to-a-natural-gas-downturn

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

China is looking to buy more Uranium this year!

China to step up uranium imports; plans to buy mines abroad

 

 

2012-03-13 10:27:01.970 GMT

March 13 (PTI) -- China plans to import more uranium this year and is busy scouting to buy uranium mines abroad especially in Canada as it gears up to resume its nuclear power projects in a big way after a year-long halt to review security measures following Fukoshima nuclear disaster.

 

 

The prospect that nuclear projects will be started again this year is not the only reason behind China's prediction that it will import more uranium in 2012, state-run China Daily reported.

Another reason is the likelihood that "a few overseas mines will start production this year," it quoted Xiao Xinjian, industry expert at the Energy Research Institute, affiliated with the National Development and Reform Commission, as saying.

 

 

China at present buys 95 per cent of the uranium from Kazakhstan, Uzbekistan, Namibia and Australia.

Canada has "agreed to cooperate" more uranium trade during Canadian Prime Minster Stephen Harper's recent visit to China, it said.

China's Guangdong Nuclear Power Group Co has offered to buy 261.9 million shares from Kalahari Minerals Plc, global resource company owning uranium and gold reserves in Namibia.

The deal, which concerns 98 per cent of the ownership of Kalahari Minerals, was approved in February.

China can produce 850 tons of uranium a year, an amount expected to increase to 2,500 tons in the future, Ux Consulting, a researcher on uranium said.

China imported 17,136 tons of uranium in 2010 which was three times the quantity of the previous year, according to the nation's customs agency.

According to the World Nuclear Association, (WNA) China's annual consumption of uranium will reach 20,000 tons by 2020, about one third of global output in 2009.

According to last year estimates, China produces around 750 tons of uranium per year.

The demand-supply gap of uranium is expected to exceed

10,000 tons by 2015 and reach nearly 30,000 tons by 2030, according to Yan Qiang, a researcher with Chinese Academy of Geological Sciences.

News link: http://www.chinadaily.com.cn/cndy/2012-03/13/content_14818316.htm

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

A positive reaction for uranium stocks

by SHIRLEY WON

But interest in nuclear power is slowly reviving as governments ponder its still attractive economics. China, which has 15 reactors and had halted approvals for new plants, is hinting that it intends to build more. On Thursday, the state-owned China Daily cited a Chinese official as saying that plans for “about 10” nuclear power plants, which had been suspended as part of the country’s review of nuclear safety, would soon get the nod to begin construction.

U.S. nuclear authorities last month gave the okay for two nuclear reactors to be built – the first in three decades. Britain and France have also just signed an agreement to build a new generation of atomic power plants in Britain.

The revival of interest in nuclear power has yet to budge spot uranium prices, which have been stuck around $52 (U.S.) a pound for months. But it has lit a fire under stock prices. The Global X Uranium exchange traded fund (ETF), which owns producers such as Cameco Corp. and Uranium One Inc. , has risen nearly 24 per cent this year, more than doubling the advance of the broad stock market.
“Any positive news in the marketplace helps the stocks,” says Dundee Securities analyst David Talbot. “I’m quite bullish. I think the spot price will average $65 [a pound] this year, and $75 next year.”

A recent spate of takeovers show that both major miners and end users are confident of uranium’s long-term appeal. Mining giant Rio Tinto PLC last year acquired Canadian uranium junior Hathor Exploration Ltd. And China Guangdong Nuclear Power Corp. a state-owned nuclear company, last month launched a $2.4-billion bid for Australian-based Extract Resources Ltd.

Analysts say that demand will run far ahead of supply when Russia’s 20-year deal to sell uranium recycled from nuclear warheads to the United States expires at the end of next year. That will take about 24-million pounds a year off the market.

About 170-million pounds of uranium was consumed last year, while only 140-million pounds was produced, said Versant Partners analyst Robert Chang. “Fundamentally speaking, we are already in a deficit.”

The shortfall will increase pressure to build new uranium mines, but miners cannot operate profitably at current long-term prices around $60 a pound, Mr. Chang said. “We need $70-a-pound uranium for new mines, particularly in Africa, and some executives say $80 to $85.”

New mines, including Cameco’s Cigar Lake project, will help cover the deficit, but may not be sufficient to meet growing demand, he said. “China is building a lot of nuclear power plants, [so is] India and so is Russia.”

Even Japan may re-open the door to nuclear power. Its reactors are undergoing stress tests to see whether they can withstand disasters like the one at Fukushima.

“Probably by April or May, we might see two [Japanese] reactors back,” Mr. Talbot said. “As Japan starts to come back to the table, and as more uranium projects get deferred … those [events] are going to move spot prices. Spot has to move first before term prices start moving northward.”
Jason Mayer, a portfolio manager who runs a uranium-focused mutual fund at Middlefield Capital Corp., said he is optimistic about the metal’s future, but he suggests investors remain cautious over the short term because commodity prices haven’t moved.

“In the early parts of a bull run, you want to have exposure to some of the larger companies like Uranium One, Cameco and Paladin Energy,” he said. “But some of these stocks have already had a decent move.”


news source: https://streaming.tdwaterhouse.ca/fctdwbclient8/w3frameset.htm

Uranium One Announces Record Revenue of $530 Million and Total Cash Costs of $14 per Pound for 2011

TORONTO, March 5, 2012 /CNW/ - Uranium One Inc. ("Uranium One") today reported record revenue of $530 million for 2011 based on record sales and production of 9.9 and 10.7 million pounds. Uranium One also reported cash costs per pound sold of $14 for 2011.  Net earnings for 2011 were $88 million, or $0.09 per share and adjusted net earnings for 2011 were $114 million or $0.12 per share.

Uranium One narrows quarterly loss (RTGAM)

TORONTO — Uranium One Inc.  posts loss of $1.1-million in the fourth quarter, improved from a loss of $112.9-million a year ago when it booked a series of one-time items.
Adjusted earnings rose to $21.4-million from a loss of $16.6-million. Revenue grew to $157.9-million from $152.3-million.

News source: http://www.uranium1.com/index.php/en/

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

New Discovery of High Grade Zone!

BCGold Corp reported mining grades of 14.5 g/t Au and 44.6 g/t Au for bulk samples 505-3A and 505-3B, respectively, mined from remnant pillars of the Engineer Vein outside of the Inferred Mineral Resource and previously categorized as waste material by conventional chip sampling and drilling. The exploration target is 1,200 to 1,800 Tonnage and 30 to 60 g/t grade range for the 505-3 Shoot (between 5 & 6 Levels).

Update and plans  for 2012 Mine Dewatering and Bulk Sampling

BCGold Corp. plans to conduct a staged $2.5 million exploration and development program at the Engineer Mine property in 2012 that will consist of the following:

• Dewatering 6 Level of the underground mine workings to access the down-plunge extension of the 505-3 Shoot approximately 30 metres vertically below bulk samples 505-3A and 505-3B on 5 Level,
• Mining the 505-3 Shoot between 5 Level and 6 Level, to potentially source 1,200 to 1,800 tonnes of in-site bulk sample material,
• Transporting mined material to the 30 ton per day, on-site gravity separation mill for gold recovery as a gold concentrate,
• Underground diamond drilling to target four previously untested veins and the Shear Zone 'A' and Shear Zone 'B' bulk tonnage exploration targets (view 3D Engineer Mine: 2012 Underground Exploration Drill Targets).

News link: http://finance.yahoo.com/news/bcgold-corp-discovers-high-grade-133500996.html

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

HIGH GRADE @ ENGINEER MINE 58,451.9 g/t Au (1,704.8 oz/ton or 5.8% Au)

BCGold Corp.'s Engineer Mine Bulk Sample Concentrate Averages 2,193.1 g/t (64.0 oz/ton) Gold

14:50 EST Monday, February 27, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2012) - BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company") is pleased to announce final assay results and mining grades from the bulk sampling and on-site test milling component of the 2011 exploration program at the Company's Engineer Mine property. BCGold Corp. has received assay results from the 148.4 kg of Sluice Concentrate and 5.1 kg of High-Grade Gold Stream Concentrate produced while test milling six composite bulk samples mined from remnant portions of the Engineer and Double Decker Veins, some of which was outside of the currently stated mineral resource. This material was previously categorized as waste material by conventional chip sampling and drilling.

Gold was recovered in up to three separate concentrates from the on-site gravity separation mill for each of the six bulk samples. Sluice Concentrate returned an average gold grade of 550.7 g/t Au(16.1 oz/ton), with one subset bulk sample grading 1,091.5 g/t Au (31.8 oz/ton). The High-Grade Gold Stream Concentrate collected from the gravity circuit's finishing table returned a gold grade of 58,451.9 g/t Au (1,704.8 oz/ton or 5.8% Au). Incorporating the previously reported Table Concentrate results (see December 14, 2011 news release), test milling of 246.1 tonnes of bulk sample material in 2011 produced 969.2 dry kg of concentrate returning a weighted average grade of 2,193.1 g/t Au (64.0 oz/ton). An estimated 68.3 oz of gold is contained in the concentrate. Complete results are reported in Table 1.

Additional highlights of the 2011 Engineer Mine bulk sampling and test milling program include:

• The 246.1 tonne composite bulk sample returned an average mining grade of 16.9 g/t Au (0.5 oz/ton),
• Bulk sample 505-3B (68.9 tonnes) returned a mining grade of 44.6 g/t Au (1.3 oz/ton),
• Approximately 60% (147 tonnes) of the composited bulk sample was mined from outside the limits of the currently stated Inferred Mineral Resource,
• Bulk sampling results support the potential expansion of the Inferred Mineral Resource within the current underground workings,
• Bulk sample mining grades are on average 850% higher than channel sample estimates,
• Preliminary test milling averaged 51.3% gold recovery from the on-site gravity separation mill.

"BCGold Corp. is very pleased with the results of our bulk sampling and test milling program at Engineer Mine this past year," states Brian P. Fowler, P.Geo., President and CEO of BCGold Corp. "The Company has demonstrated the ability to identify and effectively mine high-grade vein material at Engineer Mine, and produce a marketable concentrate utilizing the on-site gravity separation mill. Management is confident that additional high-grade vein material will be identified by bulk sampling and that on-going metallurgy studies will provide the necessary information to optimize the mill recovery circuit."

BCGold Corp. is planning a staged $2.5 million exploration and development program at the Engineer Mine property in 2012. In addition to limited mine dewatering, geological mapping, sampling, and mine rehabilitation, the Company also intends to optimize the mill and continue to bulk sample and mill accessible high-grade gold mineralization. The Company is also planning an underground diamond drilling program targeting four previously untested veins as well as the Shear Zone 'A' and Shear Zone 'B' bulk tonnage exploration targets.
2011 Bulk Sampling and Test Milling Program

The bulk sampling and test milling component of BCGold Corp.'s $1.1 million 2011 exploration and development program entailed mining 350 tonnes of composite bulk sample material from underground workings and an additional 50 tonnes from surface trenching. Approximately 246 tonnes of this material was processed on-site, using the gravity separation mill, and yielded 969.2 kg of gold-rich concentrate as three separate products. Assay results for 815.6 kg of Table Concentrate were previously announced (see December 14, 2011 news release) returning a weighted average grade of 2,140.1 g/t Au (62.4 oz/ton), with one subset bulk sample returning 6,485.8 g/t Au (189.2 oz/ton).


Link to News: http://finance.yahoo.com/news/BCGold-Corp-Engineer-Mine-ccn-1185992346.html?x=0

Rio Alto Mining (RIO.V) graduated!

GRADUATION!

Rio Alto Mining Ltd will graduate to trade on the TSX at the open of trading on Friday, Feburary 24, 2012. The ticker symbol will remain as RIO. The company will be removed fromthe S&P/TSX Venture Composite Index after the close of trading on Thursday, February 23, 2011.

GTA Resources and Mining GTA.V

Ticker  GTA.V

Current price $1.58

Market Cap 3.2M

Shares Out. 13.9M

Revenue (FYR) ---

EPS $-0.02

 

Corporate structure

• 64% Management and Insiders
• 36% Institutional Investors and/or Retail Investors
  

Why to buy?

+528% gain -- $0.25 stock jumped to $1.54

Feb.14,2014 GTA Intersects 149.5 Metres Grading 3.21 g/t Gold (Uncapped) or 1.20 g/t Gold (Capped) on Northshore Property12 hours ago

GTA has an option agreement with Balmoral Resources Ltd.("Balmoral") (TSX VENTURE: BAR), whereby GTA can earn up to a 70% interest in the Northshore Project.

• 51% interest by making cash payments ($50k) share issuances (2.5 million shares) and exloration expenditures ($2.5M) over 3 years.
• 70% interest, bymaking additional cash payment ($100k), additional share issuance (1M shares) and additional expenditure ($3M) over 24 months
• NSR - sliding scale : 2% up to 1M ounces, 3% 1M to 3M ounces, 5% over 3M ounces

Results from the broader Afric Gold System are highlighted by holes WB-11-07, WB-11-09 and WB-11-11 that tested both the high-grade Audney and Caly Vein Systems. These holes returned cut grades of 0.99 g/t gold over 150 metres (WB-11-07), 1.05 g/t gold over 159 metres (WB-11-09) and 1.20 g/t gold over 149.5 metres (WB-11-11). All of these holes were collared and terminated within the gold mineralized system. For reporting purposes of the broad intercepts, the high-grade intervals encountered in all holes were capped at 28.79 g/t gold, representing the 99th - percentile of all drill core sample assay results obtained from the current program. Corresponding averages using uncapped high grade values are shown on the accompanying table.

The high-grade Audney and Caly Vein Systems (see previous news release dated Nov. 8, 2011) demonstrated good continuity with the Audney Vein being intersected to a depth of 110 metres vertical below surface. Gold mineralization within and marginal to both vein systems showed significant increases in thickness compared to the previously reported surface chip sampling results. Highlights from the Audney Vein include intercepts of 13.23 g/t gold over 6.50 metres, including a bonanza grade intercept of 131.99 g/t gold over 0.50 metres (WB-11-01), and 10.28 g/t gold over 4.30 metres (WB-11-09) which represents the deepest intercept on this vein to date. The Caly Vein System returned intercepts of

12.49 g/t gold over 33.80 metres including a bonanza grade intercept of 760.15 g/t gold over 0.40 metres (WB-11-11); 17.25 g/t gold over 4.50 metres (WB-12-08); and, 14.94 g/t gold over 4.00 metres (WB-12-09).

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

More Gold! AVR.TO

Avion Gold have drilled an additional 11 holes in the Vindaloo zone area, Hounde Property, Burkina Faso. The drill holes interepts continue to demostrate the open-ended nature of the mineralized system and the high potential for both discovery and, to add to the current mineral resources.  A few holes have returns intercepts of 51.63 g/t Au Over 8.0 Metres and 12.4 g/t Au Over 6.5 Metres.

2012 Significant Assays - Remaining Holes
Hole #	Mineralized interval (m)						Au (g/t)		Au** (capped)		Zone section
	from		to		Width*
H-11-100	98.0		106		8.0		51.63		17.63		Vindaloo 2
H-11-102	22.0		22.7		0.7		1.97		1.97		Vindaloo 2
H-11-103	89.0		98.8		9.8		1.02		1.02		Vindaloo 2
H-11-103	108.1		109.2		1.1		2.53		2.53		Vindaloo 2
H-11-104	117.0		117.7		0.7		3.05		3.05		Madras
H-11-105	28.0		35.5		7.5		1.17		1.17		Nema Zone
H-11-107	20.5		22.0		1.5		1.80		1.80		Koho
H-11-107	113.0		114.0		1.0		1.04		1.04		Koho
H-11-107	121.0		124.2		3.2		2.80		2.80		Koho
H-11-110	104.8		105.7		0.9		1.42		1.42		Koho
H-11-111	13.0		19.5		6.5		12.4		10.49		Vindaloo SW
H-11-111	145.7		148.5		2.8		1.6		1.6		Vindaloo SW

* Estimated true lengths are supplied when enough information has been received. A good rule of thumb is that true lengths are 50% to 60% of the length of the intercept.

** Assays capped at 30 g/t Au. News Source: http://finance.yahoo.com/news/Avion-Hounde-Property-Burkina-ccn-3693716421.html?x=0 You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Tournigan Energy Ltd TVC.V

Ticker  (TVC: TSX-V; TGP: Frankfurt)

Current price is between $0.09 - $0.10

Market Cap 17.4M

Shares Out. 193.7M

Revenue (FYR) ---

EPS $-0.04

Why to buy?

Tournigan's Prefeasibility Study Indicates Kuriskova Could be Among World's Lowest Cost Uranium Producers

---

Vancouver, January 30, 2012-Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) has received a Preliminary Feasibility Study ("PFS") on its flagship Kuriskova high-grade uranium deposit located in Slovakia from its independent consultant, Tetra Tech, Inc. (Tt), in Golden, Colorado.

Highlights of the PFS for Kuriskova:

• Internal Rate of Return 30.8%; 1.9 year payback; $277 million Net Present Value (NPV) at an 8% discount rate (Pre-Tax, base case US$68/lb U₃O₈ , US$15/lb Mo);
• 94% increase of Indicated Resource to 28.5 million pounds of U₃O₈ since Tournigan’s June 2009 Preliminary Economic Assessment (“PEA”);
• 92% uranium recovery in PFS, increased from 90% in the PEA;
• 62% increase in the uranium grade to the process plant to 0.408% U₃O₈ in the PFS from 0.252% U₃O₈ in PEA;
• 26% lower life of mine operating costs in the PFS compared to the PEA. The PFS estimates US$22.98/lb U₃O₈ life of mine operating costs and US$16.68/lb U₃O₈ during the first 4 years of production. These are net of a molybdenum credit of about US$1.27 per pound of U₃O₈ ;
• 1.5 year decrease of preproduction construction period in PFS to 3 years compared to 4.5 years in the PEA;
• The project can be developed as an underground mine/processing facility with a very small surface footprint;
• Kuriskova would utilize Best Available Technologies in the mining and processing operations. The uranium can be extracted using conventional alkaline (non-acid) processing; and
• There are multiple exploration targets within the Kuriskova License area, with the potential to expand the resource base and extend project life.

"We are very pleased with these results. They demonstrate that the Kuriskova project has the potential to be among the lowest cost uranium producers in the world. The PFS not only illustrates the robust economics of the Kuriskova project but also the competitive advantages it has over other uranium projects as a result of its high-grade resource and relatively low operating cost estimates." said Dorian L. (Dusty) Nicol, Tournigan's president and chief executive officer.
"Our next step is, working with our strategic partner Areva, to begin a Feasibility Study and Environmental Assessment Study that will continue to define project parameters to a higher degree of confidence and allow the permitting of the project to begin. The development of the Kuriskova uranium project could provide Slovakia with a secure source of uranium for approximately 30 years at its current consumption rate," said Nicol.

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

New Hana Copper Mining Ltd HML.V

Ticker HML.V

Current price is between $0.25

Market Cap 18.5M

Shares Out. 42.0M

Revenue (FYR) ---

EPS ---


Why to buy?

New Hana Copper Mining Ltd HML.V is a spin-off company of Hana Mining Ltd HMG.V. Therefore, this is speculative buy because of the successful drilling from Hana Mining Ltd.

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

Hana Mining Ltd HMG.V

Ticker HMG.V

Current price is between $1.45 - support $1.40 - previous high $5.50 (12/14/2010)

Market Cap 170.6M

Shares Out. 88.4M

Revenue (FYR) ---

EPS ---

Why to buy?

The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,149 square kilometres, and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres. Hana Mining released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project on December 20, 2010, announcing an Indicated mineral resource of 585 million pounds of copper and 12 million ounces of silver from 19.7 million tonnes at a grade of 1.35% copper and 19.7 g/t silver. All of the Indicated resources are from the Banana Zone. There are also Inferred resources of 2.4 billion pounds of copper and 40.6 million ounces of silver from 91.2 million tonnes. This Inferred mineral resource estimate consists of 69.9 million tonnes grading 1.10% Cu and 14.98 g/t Ag in the Banana Zone, 13.4 million tonnes grading 1.66% Cu and 12.11 g/t Ag in Zone 5, 6.3 million tonnes grading 1.5% Cu and 6.7 g/t Ag in Zone 6, and 1.6 million tonnes grading 0.85% Cu and 6.4 g/t Ag in the Chalcocite Zone; all at a cut-off grade of 0.75% Cu.

The Banana Zone exhibits certain areas of higher grade Cu and Ag mineralization, particularly between sections 49700 to 52000 on the North limb and sections 63000 to 71000 on both the North and South limbs, which represent an opportunity to locate starter pits and mine initial tonnages at higher than average grades. These higher grade pockets tend to be well within open pit depth parameters and represent opportunities to improve early cash flow and overall returns in development.

The project will benefit from proposed rail and power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study is currently underway (funded by the World Bank and the governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead to port is at Gobabis, in Namibia, approximately 550 km from our property. Construction has begun on the 600MW expansion of the government-owned Moropule Power Plant, having secured US$825 million project funding in May 2009. The Ghanzi Copper- Silver Project is currently accessed by the paved Trans-Kalahari highway, which passes within 15 km of the property.

The Ghanzi property is one of Africa's premier future copper-silver resources.

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

Potential Uranium Companies

This article is an interview of Edward Sterck from BMO Capital. Here is a list some potential uranium companies from Edward Sterck: BAN:TSX; BMN:ASX, CCO:TSX; CCJ:NYSE, EXT:TSX; EXT:ASX, KAH:LSE; KAH:NSX, PDN:TSX; PDN:ASX, UUU:TSX

Uranium One is Edward Sterck top pick out of all companies that he mentioned.

Here is the article: http://www.businessinsider.com/nuclear-energy-markets-tighten-edward-sterck-2012-1

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

China begins a stealth uranium buying spree!

Since the nuclear disaster of Fukushima Daiichi power complex, uranium has been one of the world's most hated resources. Uranium has falling about 45% from the peak to rough. The sector was despised.

China is one of the worlds biggest energy consumers. The country has been facing a sever shortage of electrical power. It already consumes a huge amount of coal and natural gas to generate electrical power. However, it needs to get energy from every source possible.

Two national companies from China, China Guangdong Nuclear Power Holding Company and Hanlong Mining Investment have been trying to buy giant uranium deposits in Africa. China Guangdong appears that it will succeed in buying Kalahari Minerals and Extract Resources, which co-own the worlds fourth largest uranium deposit.

Hanlong Mining had already made a cash offering to buyout Bannerman Resources for their Etango project in Namibia in Oct. 2011. The conditional offer was $144M which was turned down by Bannerman with currently a market value of $62M.

"Smart Money" is starting to buy into uranium sector again. We are expecting several uranium winners this year.

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

BCGold Corp secures 75% interest in Engineer Gold mine!

With this news release we can conclude that the management team does strongly believe that the Engineer gold mine can be brought to production and be profitable.

Vancouver, British Columbia, January 18, 2012 (TSX-V: BCG and PINK SHEETS: BCGOF) – BCGold Corp. (or the “Company”) is pleased to announce the vesting of an additional 15% interest in the Engineer Gold Mine property (the “Property”) to the Company, bringing its ownership in the Property to 75%. As per the terms of an amended option agreement (see January 14, 2010 news release) to acquire the Property from Engineer Mining Corp. (“EMC”), the Company has issued 2,105,263 common shares and 100,000 common share purchase warrants to EMC in exchange for the additional interest. The common shares issued are subject to a four month hold period as imposed by the TSX Venture Exchange. Each warrant will be exercisable to purchase one BCGold Corp. common share at a price of $0.12 for up to two years after the date of issuance.

BCGold Corp. holds the option to earn a 100% interest in the Property by electing to either make a cash payment of $400,000, or to issue $400,000 worth of common shares and 100,000 warrants to EMC prior to January 16, 2013.

In 2011, BCGold Corp. continued to advance the Engineer Gold Mine Property and the adjacent Gold Hill property by undertaking $1,060,000 in exploration and development work. The Company successfully mined 350 tonnes of bulk sample material from underground workings and an additional 50 tonnes from surface trenching. Approximately 246 tonnes of this material was processed on site using the gravity separation mill, which yielded approximately one tonne of gold-rich concentrate as three separate products (see December 14, 2011 news release). The 815 kg of Table Concentrate returned a weighted average grade of 2,140.1 g/t Au (62.4 oz/ton), with one subset bulk sample returning 6,485.8 g/t Au (189.2 oz/ton).

Assay results are pending for 190 kg of Sluice and 5 kg of High-Grade Gold Stream concentrates. Upon receipt of the remaining assay results, a diluted mining head grade will be calculated for the 246 tonne composite bulk sample. Management is highly encouraged by the 2011 program results and is currently planning a similar, considerably larger program with a significant diamond drilling component in 2012.

News Link: http://www.bcgoldcorp.com/index.php?id=127&y=2012&news=148#pagetop

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

Uranium sector jolts back to life

Here is another article that is supporting the come back of the uranium sector. Its starting to heat up again!

Tuesday, January 17, 2012

By Darcy Keith

The uranium sector is showing some signs of powering back to life after largely being stuck in the doldrums for months in the aftermath of the nuclear crisis last year in Japan.

The Global X Uranium ETF , which holds more than 20 global uranium stocks including several Canadian names such as Cameco , Uranium One and Denison Mines , is up nearly 10 per cent today. Its competitor, the Market Vector Uranium and Nuclear Energy ETF , is up more than 5 per cent.

Some of the gains can be attributed to a 15 per cent rally in Uranium One Inc. shares Monday as the company reported 2011 production that beat guidance and announced the purchase of a 13.9 per cent stake in Mantra Resources. That bolstered sentiment across the sector Monday, but with the U.S. market having been closed, U.S.-listed ETFs are seeing the lift today.

Some analysts also note comments from China’s prime minister, Wen Jiabao, this week at the World Future Energy Summit in Abu Dhabi that further highlighted the country’s intention to go strong on renewables and nuclear power as it tries to limit the use of coal.

“Uranium names are hot right now and appear back in favour after UUU news and comments by the Chinese Prime Minister backing uranium,” said Rob Chang, analyst with Versant partners.

That outlook is further buoyed by the fact that some uranium projects were postponed or cancelled because of difficulties in getting financing after Fukushima, limiting future supplies.

Still, many analysts note it could be a lengthy wait for uranium stocks to get fully re-energized after the Fukushima incident last March ignited worries about the possible demise of nuclear power.

“The uranium market has near-term uncertainty given the potential for excess inventories to be put onto the market from Germany and Japan as well as the extent to which existing orders may be cancelled or deferred,” cautioned UBS analyst Brian MacArthur in a research note. “Over the long-term, future growth is still expected to come from China, India, South Korea, Russia and Saudi, as all have recently reconfirmed their commitment to nuclear.”

Canaccord Genuity in a note today echoed that sentiment: “We advise caution as a similar rally off the index lows occurred in October 2011 only for November to see the majority of those gains given back. However, we remain confident of the sector’s future given the existing build out plans in China, the lack of alternatives in many states and growing signs of tension in the Middle Eastern oil markets.”

Source: https://streaming.tdwaterhouse.ca/fctdwbclient8/w3frameset.htm

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

Avion Gold Corp AVR.TO

Ticker AVR.TO (OTCQX - "AVGCF")
Current price is between $1.62 support ~$1.50
Market Cap 648.9M
Shares Out. 410.7M
Revenue (FYR) $108.3M
EPS $0.13

Shareholder Ownership

• 15% Sprott Asset Management
• 14% Sentry Investments
• 12% Fidelity Asset Management
• 8% Maple Leaf Partners
• 5% Van Eck Jr Gold ETF
• 3% Craton Capital
• 3% Carmignac Gestion
• 2% Management Directors
• 2% Natcan Investment Management
• 3% Regent Pacific
• 1% RBC Aseet Management
• 1% AGF Asset Management
• 1% BlackRock Asset Management
• 1% IA Clarington Investment
• 1% OppenheimerFunds Inc.
• 1% PI Financial Corp
• 1% US Global Asset Management

Why to buy?

Avion Gold Corp is gold producer in West Africa that holds 80% of the open pit mine and developing underground mine at both Tabakoto and Segala gold projects in Mali. 2010 Gold production was 87,631 ounces of gold. 2011 Gold production was 91,228 ounces of gold. Avion continues to progress towards its medium term goal of 200,000 ounces of gold per year and a longer term goal of organic growth through development of its exploration properties. Long term cost base of ~$560 per oz in 10 year plan. They are also cash flow positive and well financed.

Mineral Resources Estimate
                                                             Tonnes         Grade g/t         Ounces of Au
Proven & Probable (SP/OP)              2,611,000           2.90                  243,600
(1 to 2 g/t Au cut-off)

Proven & Probable (UG)                   4,630,000          4.50                   669,500
(2 g/t Au cut-off)

Measured & Indicated                       5,282,300          2.72                   486,800
(1 to 2 g/t Au cut-off)

Inferred                                            18,547,793          3.24                 1,932,633
(1 to 2 g/t Au cut-off)

Aggressive program to building shareholder value:

In early 2010 Avion acquired the adjacent Kenieba Property from Great Quest Metals Limited which added an inferred resource of 324,000 ounces of gold

In October of 2010 Avion acquired the 1,670km2 Hounde Property in Burkina Faso from Avocet. This property hosts at least eight gold zones and has added an indicated and inferred resource of 610,000 ounces of gold.

In December 2010 Avion acquired the Kofi Project by acquiring AXIM inc. African Goldfields Corp which added a total of 743,100 indicated and inferred ounces of gold.

Website: http://www.aviongoldcorp.com/

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