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6/9/10

NR roundup

One of the morning jobs (usually while sipping a decent coffee) is to check on the pre-open news releases as they come off the wires. Here are a few that caught this humble scribe's eye today:

Fronteer (FRG) (51% owner and operator) and AuEx Ventures (XAU.to) (49% owner) nail another great drill return from Long Canyon. The headline grabbing 16.4g/t gold over 21.2m is also on an outstep, making it even more sexy. Expect love for both stocks on this, esp XAU.to which has underperformed compared to FRG these last few days.

Sabina Gold & Silver (SBB.to) return more great numbers from its new Llama Lake property. A certain US resident bottom-feeding chartist I could mention isn't going to get his stink bid filled :-)

Hathor (HAT.v) came out with its NR after the bell yesterday and the stock was halted in the afternoon due to it. The headline number of 7.5m at 43.64% U308 is an infill, but hells bells it's still a mind-popping intersect. Do the math, folks. With U308 trading at U$40.75 per pound (and plenty higher on long term contracts, but we'll just run with the public number) every metric tonne of that intersect is worth U$39,205......like wowsers. It's the equivalent of 1kg/t gold intersects (using U$1,200/oz Au).

Question: When will US Gold (UXG) do the right thing and change its name to 'Mexico Silver'?

Disclosure: long FRG, no position in others.