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  1. #1
    ? steve fleming's Avatar
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    Default Gold Road Resources Ltd ("GOR") - A new gold province?

    Market Cap - approx $6m.

    JORC resources of:
    - 6.2 million pounds of U3O8 using a 100ppm U3O8 cut-off; and
    - 749koz of gold @ 1.78g/t

    EKM's JORC resource is part of the Thatcher Soak project majority owned by UNX (currently doing a scoping study on it).

    According to RCR Research (http://www.eleckramines.com.au/reports/rr090820.pdf) a deal with UNX could value Thatcher Soak at min.~A$1.00/lb or approximately $6mil.

    Therefore EKM's market cap basically equates to its uranium value, with no value at all being recognised for its gold resource.

    Peter Strachan has done some research:
    http://www.eleckramines.com.au/repor...August2009.pdf

    Very interesting analysis from Minesite.com:
    http://www.eleckramines.com.au/repor...kra-May051.pdf
    Last edited by steve fleming; 06-12-2010 at 09:47 PM.
    Share prices follow earnings....buy EPS growth!!



  2. #2
    ? steve fleming's Avatar
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    Default

    from the md:
    -------------------
    Dear Stakeholder

    Please find below the link to the September 2009 Shareholder Update Presentation which I am currently presenting to current and potential investors in Europe & UK.

    http://eleckramines.com.au/reports/pres-Sept09.pdf

    Regards

    Ian Murray
    Chairman: Eleckra Mines Limited
    www.eleckramines.com.au
    Share prices follow earnings....buy EPS growth!!



  3. #3
    Senior Member Lego_Man's Avatar
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    Default

    Thanks - interesting but they have bugger-all cash in hand and a fast burn rate?

  4. #4
    ? steve fleming's Avatar
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    Quote Originally Posted by Lego_Man View Post
    Thanks - interesting but they have bugger-all cash in hand and a fast burn rate?
    I actually think $2.4m cash is quite a bit to have on hand for a junior explorer.

    Certainly enough to fund at least 3 or 4 drilling campaigns (probably 1 – 1.5 years of drilling expenditure).

    Also EKM only has one project area, which is accessible by road from Kal. It’s not as though they are funding expensive exploring operations all over NT/WA, which are more costly to service.
    Share prices follow earnings....buy EPS growth!!



  5. #5
    ? steve fleming's Avatar
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    Too easy....

    EKM is up 50% since Monday.

    EKM was so obviously undervalued by the market it was silly.

    I loaded up big time on EKM and EKMO.....easy money.....
    Share prices follow earnings....buy EPS growth!!



  6. #6
    Senior Member Lego_Man's Avatar
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    Quote Originally Posted by steve fleming View Post
    Too easy....

    EKM is up 50% since Monday.

    EKM was so obviously undervalued by the market it was silly.

    I loaded up big time on EKM and EKMO.....easy money.....
    I think we've started an avalanche . Be nice to have a strong close though.

    Depth is incredibly thin but looking interesting. This will be a volatile beast to ride.

  7. #7
    ? steve fleming's Avatar
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    Quote Originally Posted by Lego_Man View Post
    I think we've started an avalanche . Be nice to have a strong close though.

    Depth is incredibly thin but looking interesting. This will be a volatile beast to ride.
    Hi Lego –man,

    When i was doing my research on EKM i had a few email conversations with Ian Murray , the MD.

    In relation to trading activity over the past couple of months he said:

    None of the major shareholders has been selling. Shareholders who did not participate in the placement appear to be acquiring shares, and the selling appears to be coming from previous management and others who took small stakes in the placement, and are cashing in for 1.5c profit. Once the “weak” sellers are out, the price should rise nicely.

    Looks as though the weak sellers are now out....!
    Share prices follow earnings....buy EPS growth!!



  8. #8
    Senior Member Lego_Man's Avatar
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    Weak sellers?

    How bout all the sellers? Check out that depth...

  9. #9
    ? steve fleming's Avatar
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    EKM finding solid support around 7c now.

    Holding its recent gains from 4c nicely.

    From the md today:


    Dear Stakeholder

    Please follow the link below to see & hear the presentation I gave over the past two weeks on Eleckra’s European Roadshow, which goes live at 11.30am AEST. http://www.brr.com.au/event/60974


    Regards

    Ian Murray
    Chairman: Eleckra Mines Limited
    Share prices follow earnings....buy EPS growth!!



  10. #10
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    Solid drill results in this afternoon...92% SP jump!

    EKM looks to find a bigger that anticipated resource...

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