GulfSlope Energy (OTCBB: GSPE) looks to have surprised all the majors active in the Gulf of Mexico when they bid on 23 blocks in the shelf in March of this year (21 blocks finally awarded). Well reputed and independent petroleum consultants DeGolyer & MacNaughton independently evaluated 17 prospects with a mean resource estimation of ~2.1 Billion boe.
Five months ago when we first spoke to Canarc’s CEO Catalin Chiloflischi he outlined a new plan which was to copy the hugely successful business model of Bard Cooke’s Endeavour Silver.
Alder Resources Ltd. has acquired the right to earn 65% interest in the past producing Rosita copper-gold-silver project in northeast Nicaragua, an area that is getting hotter and hotter as both IAMGold and B2Gold are present in the absolute proximity. With a Mcap of ~3 Mcad and only ~$0.6m left to spend before having earned its 65% interest, Alder Resources are soon in the driver’s seat.
We can’t emphasize enough how happy we are to publish today’s interview with Mr. Krassimir Petrov, a believer in Austrian economics and one of the people who recognized this secular bull market in gold very early.
Mr. Petrov has studied not only the ongoing cycle but also the history of earlier bull and bear markets in commodities. In today’s interview, he talks extensively how these different events can be compared and therefore what we can expect in the next 10 years or so.
Canarc’s newly appointed CEO Catalin Chiloflischi just announced a deal that has the potential to turn his company into a Mexican gold and silver producer within a very short time.
Even though the open pit mine at La Cieneguita has been profitable for several years, the Canarc/Endeavour team are certain there are room for major improvements.