AGORACOM Small Cap TV - September 13th - Highlights
posted on
Sep 13, 2011 09:54AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s September 13th, 2011, and we’ve found 9 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Forbes Coal Reports Record Export Sales of 192,400 Tonnes for Q2 2012, an Increase of 110%, Reflecting Strong Demand from Export Markets
Forbes & Manhattan (Coal) Corp. (TSX:FMC)
is pleased to provide an operations update for the second quarter of 2012. Export sales rose 110% compared to the first quarter of 2012 and total Aviemore Run of Mine ("ROM") production increased 26% when compared to the first quarter of 2012. References to Q1 2012 or the first quarter of 2012 mean the three months ended May 31, 2011. References to Q2 2012 or the second quarter of 2012 mean the three months ended August 31, 2011.
Second quarter highlights include:
--Total export sales in Q2 2012 were 192,400 tonnes, 110% higher than Q1
2012.
--Total domestic sales in Q2 2012 were 147,400 tonnes, 49% higher than Q1
2012.
--Total sales in Q2 2012 were 339,800 tonnes, 78% higher than Q1 2012.
--Total Aviemore ROM production in Q2 2012 was 64,200 tonnes, 27% higher
than total Aviemore ROM production in Q1 2012.
--Total Aviemore saleable production in Q2 2012 was 40,000 tonnes, 26%
higher than total Aviemore saleable production in Q1 2012.
--Commissioning of the second phase of expansion at Magdalena is on track
for the third quarter of 2012.
About Forbes Coal
Forbes Coal is an emerging mid-tier southern African coal company. It holds a majority interest in two operating mines. The Company holds a 76.75% interest in Slater Coal (Pty) Ltd., a South African company ("Slater Coal") which has a 70% interest in Zinoju Coal (Pty) Ltd. ("Zinoju").
Last: 2.45Range: 5.10-2.22Market Cap: 85.4 million
Hathor Exploration Limited: Roughrider PA Estimates C$1.0 Billion Pre-tax NPV, Using US$70 Uranium Price and 7% Discount Rate
Hathor Exploration Limited (TSX:HAT)
is pleased to announce summary results of a preliminary economic assessment ("PA") conducted for the Roughrider Uranium Deposit, located in the Athabasca Basin of Northern Saskatchewan. The PA includes the West and East Zones; it does not include the Far East Zone.
Economic Analysis Summary
Economic analyses for a stand-alone mine and mill operation were run under three different uranium price scenarios (Table 1). Note, all dollar amounts referenced in this news release are in Canadian dollars unless otherwise specified. Based on the US$ 70/lb uranium scenario, the pre-tax Net Present Value ("NPV") for Roughrider, is approximately $1.0 billion, with an internal rate of return ("IRR") of 38% and payback of 1.2 years, using a discount rate of 7% and an exchange rate of $1.05 : US$1.00. The undiscounted pre-tax NPV is $2.0 billion over an estimated 11 year mine life, based on 5.0 million pounds U3O8 per year mill output, generating a total mine and mill production cost of $14.44/lb U3O8. The low cost of production is mainly a function of the low daily milling rate of about 200 tonnes per day, itself a function of the compact and high grade and minimal separation of the West and East zones, high metallurgical recovery (97.7%), and shallow depth.
About the company
Hathor Exploration Ltd. is a junior uranium company focused on exploration projects in the Athabasca Basin of Northern Saskatchewan, Canada. Hathor's goal is to discover, advance and develop high grade, world class uranium deposits.
Last: 4.10Range: 4.21-1.50Market Cap: 514 million
Magellan Minerals Drills 1m @ 118.27 g/t Gold Down-Dip at Serra Zone, Coringa Project, Brazil
Magellan Minerals Ltd. (TSX VENTURE:MNM)
is pleased to report results from six additional drill holes from the Serra, Valdette and Come Quieto zones at the Coringa project. These holes are all step-out / down dip exploration holes aimed at expanding the existing resources of 269,450oz of gold in the measured and indicated categories (982,291t @ 8.53 g/t), and 98,224oz of gold in the inferred category (327,054t @ 9.34 g/t).
Highlights include:-
1m @ 118.27 g/t gold in hole 121 at Serra down dip of the existing Measured and Indicated resource confirming that the Serra resource is high grade and remains open at depth -- 2m @ 10.81 g/t gold in hole 127 and 1.5m @ 10.23 g/t gold in hole 124 also at Serra. Both holes are again located down dip at Serra. Holes 121, 124 and 127 are drilled over a strike length of approximately 480m -- 14.3m @ 0.90 g/t gold in hole 125 at Valdette
About the company
Magellan Minerals Ltd. (TSX VENTURE:MNM) is a TSX Venture Exchange listed exploration company with a number of gold exploration properties in the Tapajos region of northern Brazil and is focused on the Cuiu Cuiu and Coringa projects where drilling is currently in progress.
Last: 0.66Range: 1.94-0.52Market Cap: 72 million
Bellhaven Receives Maiden NI 43-101 Resource Estimate for La Mina Gold-(Copper) Project, Colombia
Bellhaven Copper and Gold Inc BHV
Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV)
("Bellhaven" or the "Company") is pleased to announce that the first NI 43-101 resource estimate for its 100%-controlled La Mina Project has established inferred resources containing 1.0 Moz of gold and 1.6 Moz of gold-equivalent. All of these announced resources occur at the La Cantera prospect, one of several porphyry gold-(copper) prospects undergoing exploration by Bellhaven at La Mina, and the only one drilled sufficiently to date to allow for the calculation of resources.
About Bellhaven
Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE:BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's objective is to become one of the best gold-copper companies operating in Panama and Colombia by discovering, acquiring, and developing high-quality resources in a safe and responsible manner to the benefit of all of its stakeholders.
Last: 0.50Range: 0.97-0.35Market Cap: 42 million
Barkerville Intercepts up to 3.4 m (11.0 feet) of 459 g/T (13.393 oz/t) Gold Including 0.8 m (2.6 feet) of 1,942 g/T or 56.635 oz/T Gold-Discovers Second and Third Gold Zones on Cow Mountain
Barkerville Gold Mines Ltd. (TSX VENTURE: BGM)(FRANKFURT: IWUB)
reports the discovery of the second visible gold ("VG")-cosalite-pyrite-quartz mineralized zone returning up to 1,942 g/T or 56.635 oz/t (resplit 2,156 g/T or 62.875 oz/t) gold - the highest gold grade recorded to date in the area. The new zone is parallel/sub-parallel to the first VG-cosalite-quartz-pyrite zone on Cow Mt. reported by the company on June 27 and July 26, and is about 305 meters (1,000 feet) to the mine grid east. Both zones, running mine grid south and north, are outside the perimeter of the proposed Cariboo Gold Quartz ("CGQ") open pit on the northwest and west flanks of Cow Mountain on the company's project in central British Columbia.
CM11-86
- 10.2 m (33.6 feet) of 4.37 g/T (0.101 oz/t) gold between 596.4' and 630.0'
CM11-85
- 2.7 m (8.8 feet) of 23.5 g/T (0.684 oz/t) gold between 934.2' and 943.0'
- including 0.5 m (1.5 feet) of 130 g/T (3.791 oz/T) gold between 938.5'
and 940.0'
- 3.4 m (11.0 feet) of 459 g/T (13.393 oz/t) gold between 1,007' and 1,018'
- including 0.8 m (2.6 feet) of 1,942 g/T or 56.635 oz/T
(resplit 2,156 g/T or 62.875 oz/t) gold between 1,010.4' and 1,013.0'.
About Barkerville Gold Mines Ltd.
Since the mid 1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 1,147 square kilometers, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine & Mill.
Last: 1.62Range: 2.33-0.87Market Cap: 125 million
ATAC Resources Ltd. Intersects 188.07 g/t Silver, 8.69% Lead and 6.06% Zinc Over 37.91 m at its Ocelot Silver-Lead-Zinc Target-Yukon
ATAC Resources Ltd. (TSX VENTURE: ATC)
is pleased to announce the final 2011 drill results from its Ocelot silver-lead-zinc discovery. The Ocelot is located within the Rau Trend in the western portion of ATAC's 100% owned Rackla Gold Project in the Keno Hill Mining District, Canada's second largest primary silver producer.
The 2011 diamond drilling program consisted of 19 holes totaling 3784.75 m. The first five holes returned encouraging results near surface (see news release dated June 13, 2011). Additional drilling was conducted along strike and down dip from these initial diamond drill holes. Significant results from the remaining 14 holes are tabulated below.
DipFromToIntervalSilverLeadZinc Pb+Zn
Hole # (degrees)(m)(m)(m)(g/t)(%)(%)(%)
---------------------------------------------------------------------------
OC-11-11-5032.1970.1037.91188.078.696.0614.75
About ATAC
ATAC is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold discovery at its 100% owned, Rackla Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at www.atacresources.com.
Last: 7.40Range: 10.34-4.95Market Cap: 714 million
Bakers Footwear Group, Inc. (OTC Bulletin Board: BKRS.OB)
Bakers Footwear Group Reports Second Quarter 2011 Results
Bakers Footwear Group, Inc. (OTC Bulletin Board: BKRS.OB), a leading specialty retailer of moderately priced fashion footwear for young women, with 233 stores, today announced results for the thirteen and twenty six-weeks ended July 30, 2011.
For the second quarter, the thirteen weeks ended July 30, 2011:
-- Net sales were $44.3 million, an increase of 2.3%, from $43.3 million in the second quarter of fiscal 2010;
-- Comparable store sales increased 4.7% compared to an increase of 0.2% in the second quarter of fiscal 2010;
-- Gross profit was $13.0 million, or 29.3% of net sales, compared to $11.9 million, or 27.5% of net sales, in the second quarter last year. The 180 basis point expansion in gross profit margin as compared to the second quarter last year was driven by increased merchandising margins reflecting strength in higher margin dress shoes and improved leverage of buying and occupancy costs;
-- Net loss was $1.6 million, or $0.17 per diluted share, compared to a net loss of $2.1 million, or $0.28 per diluted share, in the second quarter last year.
For the first half of fiscal 2011, the twenty-six weeks ended July 30, 2011:
-- Net sales were $91.3 million, an increase of 5.2% compared to $86.8 million for the twenty-six weeks ended July 31, 2010;
-- Comparable store sales increased 7.1%, compared to a decrease of 0.7% in the first half of 2010;
-- Gross profit was $25.2 million, or 27.6% of net sales, compared to $22.7 million, or 26.1% of net sales in the first half of 2010;
-- Operating loss was $3.2 million, compared to $4.5 million in the first half of 2010; and
-- Net loss was $4.1 million or $0.44 per share, compared to a net loss of $5.5 million, or $0.75 per share in the first half of 2010.
About Bakers Footwear Group, Inc.
Bakers Footwear Group, Inc. is a national, mall-based, specialty retailer of distinctive footwear and accessories for young women. The Company's merchandise includes private label and national brand dress, casual and sport shoes, boots, sandals and accessories.
Last Trade: 0.8652 Week: 1.49 – 0.61Market Cap: 7.99 Million
Intellicheck Mobilisa, Inc. (NYSE Amex:IDN)
Intellicheck Mobilisa Awarded Approximately $3 Million by U.S. Navy to Expand Wireless Security "Aegeus" Buoy Program
Intellicheck Mobilisa, Inc. (NYSE Amex:IDN), a global leader in access control and wireless security systems, announces that the U.S. Navy has renewed its contract for funding Intellicheck Mobilisa's wireless security "Aegeus" buoy program. The contract provides the company approximately $3 million over a 12- to 18-month period for the buoy system.
With research and development funding for the program from the U.S. Navy since 2005, Intellicheck Mobilisa currently has seven buoys deployed in Puget Sound and one in the Potomac River.
About Intellicheck Mobilisa
Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial sectors. Products include the Defense ID system, an advanced ID card access control product currently protecting over 80 military and federal locations, and ID-Check, patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from U.S. and Canadian jurisdictions for the financial, hospitality and retail sectors.
Last Trade: 1.1652 Week: 1.87 – 0.82Market Cap: 31.85 Million
SORL Enters into Product Development Agreement With China's Largest Commercial Vehicle manufacturer
ZHEJIANG, China, Sept. 13, 2011 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (NASDAQ:SORL - News) ("SORL" or "the Company"), a global tier one supplier of brake and control systems to the commercial vehicle industry, announced today that the Company has entered into a product development agreement with China National Heavy Duty Truck Group Co., Ltd. ("CNHTC"), the largest Chinese commercial vehicle manufacturer. SORL will supply braking valves and components to be fitted on light-duty vehicles.
SORL has been a supplier to CNHTC since 1997 and this new agreement is a result of SORL's past performance, recognized capability for product innovation and its high-quality standards. According to the agreement, SORL will develop braking valves and components fitted for light-duty vehicles, including brake chambers, air dryers, hand brakes, foot brakes and relay valves.
The Company expects that sales to CNHTC will reach $2.34 million USD in 2012.
About SORL Auto Parts, Inc.
As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts, Inc. ranked No. 1 for market share in the segment for commercial vehicles brake system, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China, with a product range that includes 65 categories with over 2000 specifications in brake system and others.
Last Trade: 3.5552 Week: 10.22 – 3.18Market Cap: 68.53 Million
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