Mineral Wealth: Wall Street reporter talks to Kingsgate Consolidated Ltd, Copper Fox Metals Inc. and Fortune Metals Ltd
09-APR-2008 Intellasia | prime Newswire
Apr 9, 2008 - 7:00:00 AM
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Wall Street Reporter has posted exclusive video interviews introducing investors to opportunities in gold, coal, copper, bismuth, molybdenum, and other headline commodities emerging from companies like Kingsgate Consolidated Ltd (ASX:KCN), Copper Fox Metals Inc. (TSX-V:CUU), and Fortune Minerals Ltd (TSX:FT).
Investors can watch or download the interviews, along with a rich library of additional content recorded in Toronto at the 2008 Prospectors & Developers Association of Canada convention, at www.WallStreetReporter.com.
With 6-1/2 years of producing gold in Thailand under its belt, Kingsgate Consolidated Ltd (ASX:KCN) has validated its strategy of "setting ourselves up as Asia's showcase mine" and is now actively pursuing additional leases to expand the operation, says Stephen Promnitz, the company's corporate development manager.
Highlights of the interview:
- The likelihood that the additional leases will come through in the
next few months.
- Details on the company's plans to take its average mining grade
up to around 2 grams of gold per tonne while doubling production to
a level of about 300,000 ounces of gold and 2 million ounces of
silver a year.
- Chair Ross Smyth-Kirk's outlook on Thailand's new government as
being especially friendly toward mining interests.
Copper Fox Metals Inc. (TSX-V:CUU) is advancing one of the world's biggest undeveloped copper-gold deposits and the numbers just keep getting better, CEO Guillermo Salazar tells WSR. "Every single time we design a programme that will help define the economic nature of the project, it has been proven that it was a lot better than what we thought."
Highlights of the interview:
- Current estimates that the project can sustain production at
annual levels of 65,000 tonnes of copper, 145,000 ounces of gold,
10,000 tonnes of molybdenum, and 1 million ounces of silver for
over three decades.
- The near-term timetable for wrapping feasibility work by winter.
- Gold & Technology Stocks editor Jay Taylor's appraisal of the
project as being at a "very, very" advanced stage.
Fortune Minerals Ltd (TSX:FT) is moving toward a 2011 production start on both a big and extraordinarily high-quality coal project and an unusual bismuth project with substantial gold and cobalt values. "Both of these projects have been test mined," says CEO Robin Goad. "Fortune has the goods."
Highlights of the interview:
- Why Goad expects Asian demand for the company's 2.8
billion-tonne anthracite coal deposit to be high. "It's the
highest-quality coal there is."
- Background on how soaring cobalt and bismuth prices play into
assets that were judged bankable at a third of their current
commodity values.
- Additional upside from gold.
Wall Street Reporter (Est. 1843) is the premier source of investment information on global public companies in high-growth sectors. Through its magazines, special reports, website, and conferences, WSR presents unique opportunities for discovering stocks before they appear on the radar of Wall Street. Visitors to its website, www.wallstreetreporter.com, can listen to and view exclusive audio and video from an extensive library of CEO interviews, analyst roundtables, and conference webcast presentations, as well as subscribe to WSR's "Smart Money Alert"-a weekly update of stock picks and timely market insights from top analysts and stock gurus.
About Kingsgate Consolidated Ltd
Kingsgate Consolidated Ltd owns and operates the low-cost Chatree gold mine in central Thailand through its wholly owned subsidiary, Akara Mining Ltd, using world's best practice for safe, environmental, and socially responsible operations.
About Copper Fox Metals Inc.
Copper Fox Metals began corporate life with an initial public offering in June of 2004, in order to pursue plans to acquire one of the largest undeveloped copper-gold-molybdenum porphyry deposits in Canada.
About Fortune Minerals Ltd
Fortune Minerals Ltd is a natural resource company with interests in Canada. The company's principal assets are the NICO cobalt-gold-bismuth deposit near Yellowknife, Northwest Territories and the "world-class" Mount Klappan anthracite coal deposits in northwest British Columbia.
CONTACT: Wall Street Reporter Magazine
Jack Marks, CEO & Publisher
(212) 363-2600, ext. 260
www.WallStreetReporter.com
Kingsgate Consolidated Ltd
Stephen Promnitz, Corporate Development manager
+61-2-8256-4800
www.kingsgate.com.au
Copper Fox Metals Inc.
Guillermo Salazar, CEO & President
(403) 264-2820
www.copperfoxmetals.com
Fortune Minerals Ltd
Robin Goad, CEO & President
(519) 858-8188
www.fortuneminerals.com
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