Star In Desert | Uranium | Biomedical: TCR

POSTED ON March 31, 2014 BY Thom Calandra
CATEGORY Stories,

Editor: Adds Peter Epstein's interview with Powertech/Azarga uranium principal; a fresh look at Stellar Biotech; note on Prophecy Coal at close of report

When a uranium prospector comes in with the final hole of a winter drilling program up north, No. 8 in this case, the icing already is on its Athabasca cake.

If NexGen Energy's evidence were lacking, the program -- which in total for winter 2013-2014 comes to 17 holes at 7,400 meters -- never would have proceeded beyond the first few thousand meters.

The NXE (in Canada) team directed a drill program that is striking what it calls radioactive anomalies on most every rig placement. Leigh Curyer and his geologists and drillers delivered a drill program that is so successful, this final winter hole, published today, was 215 meters from the original Arrow targets.

It pains me to say I did not follow my own "cheap alert" on Jan. 21, 2014, when I penned this report after speaking with NexGen's principals. The alert to our TCR family occurred well before the Arrow and Rook hits started streaming onto newswires in late February. See: TCR article.

Then, NXE shares were 25 cents, and its principals, including veteran Athabasca staker and property owner Timothy A. Young, and another backer, a writer in Vancouver, Canada, were suggesting me to purchase the shares. Now, the stock is 50 cents, and its $80 million or so market cap is about 5 times the cash it holds for continuing the SW Athabasca Basindrilling. "You have to put this on your list," said Mr. Young, who is a member of the TCR family.

For his part, the writer in Canada, Tommy Humphreys, was more direct. "Are you an idiot? You should be taking a victory lap." Both Mr. Young and Mr. Humphrey are youngsters. Relatively, that is. Here is how Tommy Humphreys sees the fresh NXR hole today: CEO.ca article.

I own uranium prospectors, two or three. Not NexGen. I'll keep my eyes open. In the meantime, I wanted to include links to NexGen's schematics; if every prospector were as thoughtful, we as investors would have more material upon which to rest our buying and selling decisions. I especially like the graphics on the steep Arrow shear zones.

A geologist up north, asking to remain unnamed, just called in with this: "This area is turning into a district of uranium/showings/discoveries/deposits. This latest is one of minimum half dozen A+ targets on Rook1 property, and NXE has a number of significant other properties hosting numerous other targets. Radio, Thorburn, Rook2 and so on."

Maybe I will get another chance on behalf of our TCR family.

I am off for a look-see at Desert Star Resources' copper property in Arizona, USA. Mr. Humphreys will be on the chopper, as will Desert Star CEO Vince Sorace. I tend to think that Mr. Sorace will not refer to me as a blooming idiot, as he wants to show his company's properties as objectively as he can. Mr. Humphreys, one expects, has no such restraint.

Desert Star's (DSR in Canada) copper holdings in Arizona come via various earn-in option agreements with Eurasian Minerals (EMXX in USA), whose shares I own.

The projects are in the Superior and Globe-Miami copper districts in Pinal and Gila Counties, Arizona. They are described as targets for porphyry copper mineralization. So this is early stage stuff, and DSR shares reflect that at $5 million. Desert Star also has a Nevada property that it got from Pilot Gold (PLG in Canada), one of our TCR 8.

That is all for now. Except to say, take a look at Equities.com -- a service I am going to visit in LA later in the week. Equities.com profile at bottom of this TCR report.

Still trying to purchase: Kaizen Discovery (KZD in Canada) -- not an easy stock to land. ... Western Lithium shares (WLC in Canada) just hit a fresh high for a $100 million market cap. ... Take a look if you would at our Friday report: I think you will see another uranium opportunity that might be worthwhile, if it can consummate various transactions --Powertech/Azarga/Anatolia -- operating in Colorado and thereabouts. Seems like Nevada, Colorado, Arizona, Wyoming and the Dakotas, Utah, too, are seeing investor interest these days: uranium, potash, gold, copper. EPM Mining Ventures, a Utah potash developer, is still on a tear, and once again, we thank the Calgary writer who gifted us that idea.

Stellar Biotechnologies: This is the limpet farmer, discussed in previous reports. I am absolutely not a fan or regular reader of Seeking Alpha, but I pass along a report about the science tht powers the KLH protein. I bought SBOTF (in USA) shares about two months ago at $1.65 Canadian. I know several investors, investment firms and analysts who own large stakes in the California company. See article.

THE CALANDRA REPORT: Subscribe

$101 yearly

Thom Calandra

@thomcalandra for Twitter

** Prophecy Coal filed its year-end financial on SEDAR in Canada. I am sorting through shipments of coal, sale of Wellgreen Platinum shares; I do not own the stock as of yet. This is the Mongolia thermal coal operator.

Thom Calandra

NEVER MISS AN EDITION OF THE CALANDRA REPORT - SUBSCRIBE BY PAYPAL... Thom Calandra is the editor of The Calandra Report, an investment newsletter. He previously co-founded and was founding editor of CBS Marketwatch, one of the world's largest financial Web sites. He also co-founded Ticker Trax for Stockhouse. Thom has a wife and two children, and is based in Tiburon, California. TCR, the newsletter, is a paid report: The Calandra Report for Paypal information. More →

Twitter: @http://twitter.com/thomcalandra

thom.calandra@gmail.com

Thom Calandra

Twitter: @http://twitter.com/thomcalandra

thom.calandra@gmail.com

Disclaimer:

Readers are advised that the material contained herein is solely for information purposes. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities. The information contained herein is based on sources which the publisher believes to be reliable, but is not guaranteed to be accurate, and does not purport to be a complete statement or summary of the available data. Any opinions expressed are subject to change without notice. The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. They may from time to time have a position in the securities of the companies mentioned herein, and may change their positions without notice. (Any significant positions will be disclosed explicitly. This article is not intended to meet your specific individual investment needs and it is not tailored to your personal financial situation. Nothing contained herein constitutes, is intended, or deemed to be — either implied or otherwise — investment advice. Thomas Humphreys, Pacific Website Company Inc., and other entities in which he has an interest, employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or web site. We reserve the right to buy and sell such securities or commodities without notice to readers. While the information herein is believed to be accurate and reliable it is not guaranteed or implied to be so. The information herein may not be complete or correct; it is provided in good faith but without any legal responsibility or obligation to provide future updates. Neither Thomas Humphreys, nor anyone else, accepts any responsibility, or assumes any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information in these publications or web site.

Forward-Looking Statements: This article may include certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this article. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Always do your own due diligence. We seek safe harbor.