Regulus Res -> Der Antares Spin-Off (Seite 10)

[KaOzz]

Get In Early - Pachamama Resources

Everyone knows that to make money in the markets you need to "buy low and sell high." In the junior resource market, where the gains are sometimes measured in multiples rather than percentages, this is particularly important.

One strategy to achieve this is to get into companies that are new and unknown and wait for them to get discovered. One company that fits into this category is Pachamama Resources (PMA-X). Led by two brothers who have already had considerable exploration success, this company was a spinoff of Mansfield Minerals (MDR-X) in 2008, near the bottom of the downturn.

The Leask brothers have already had exploration success with White Knight Resources, which was sold for about $220 million in 2007.

Now they are focusing on Mansfield and Pachamama. In 2008, they spun out Pachamama from Mansfield, and gave it everything Mansfield had except for the Lindero deposit. Seeing as Lindero was the furthest advanced, one would conclude they were positioning Mansfield for a buyout, and planning to focus on Pachamama in the future.

In the meantime, they joint ventured Pachamama's primary project, Rio Grande, to Antares Minerals who became the project operator. At the time, Antares' focus was also on other things. They had just made a major discovery in Peru.

However, in October 2010 Antares was purchased by First Quantum Minerals (FM-T) for $460 million. As part of the buyout the management of Antares moved into a spinout called Regulus Resources (REG-X), along with the Rio Grande project.

Now, the Rio Grande project is getting an exploration focus it didn't have before, by two 50/50 owners, each with big discoveries under their belt.

Pachamama also gets top marks for financial health, with less than 50 million shares outstanding and $8 million in the bank.

I can't guarantee you'll sell high, but with Pachamama Resources trading under a buck, you will definitely be buying low.

Good Luck to All!

http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=1122…

[KaOzz]

Da ich das Management für ziemlich fähig halte und die ersten Drills auf dem Projekt Interesse erweckende Grades anzeigen, könnte die Erfolgsstory von Antares hier evtl. weitergehen.

Homepage ist schon komplett erstellt.

www.regulusresources.com

Der Handel begann an der TSX/V am 20. Dezember 2010. In Deutschland entsprechend noch nicht verfügbar.

Chart 1-month:

[KaOzz]

Wertpapier ist bei W:0 leider noch nicht verfügbar.

Regulus Res. ist das 50/50-Projekt namens Rio Grande aus dem Portfolio der ehemaligen Anteres Minerals, die durch First Quantum übernommen wurde.

Zur besseren Erklärung:

Overview



Das Bild hatte ich schon bei der Eröffnung des Antares-Threads verlinkt

Regulus Resources Inc. (TSX V.REG) is a newly listed, well-funded, Canadian exploration company formed in December 2010 under the directorship of the former management of Antares Minerals (TSX V.ANM). Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina along with $ 5 million in cash from Antares Minerals in a Plan of Arrangement concluding the sale of Antares to First Quantum Mining (TSX.FM, UK FQM) for approximately C$600 million, primarily for the Haquira Cu-Mo-Au deposit in Peru. In conjunction with the Plan of Arrangement, the Corporation has issued 0.4505 Regulus shares to each holder of an Antares common share.

After acquiring the 1.2 billion lb Cu-ox resource at Haquira in 2005 Antares discovered the Haquira East deposits and expanded the overall resource at Haquira to 8.1 billion lbs Cu in the Measured and Indicated class with an additional 5.2 billion pounds in the Inferred class. A July 2010 PEA (Preliminary Economic Assessment) indicated a fully taxed $1.1 billion NPV for the project at an 8% discount rate and a $2.25 Cu price. As noted, the Haquira project was sold to First Quantum Minerals as the key asset of Antares Minerals.

The primary objective of Regulus is to continue with the evaluation of the giant Rio Grande porphyry Cu-Au-Ag system located in the mining friendly province of Salta in the Puna of NW Argentina. Rio Grande was put on hold during the economic slowdown in 2009 while the company focused their efforts on accelerating the Haquira project in Peru.

The Rio Grande project is a 50/50 joint-venture with partners Pachamama Resources (TSX V.PMA), with Antares as operators.

The Rio Grande porphyry Cu-Au-Ag system is located in the mining friendly province of Salta in the Puna of NW Argentina. Cu-Au-Ag mineralization at Rio Grande occurs within a distinct 2-km diameter ring-shaped fracture zone defined by IP chargeability, as well as Cu- and Au-soil geochemical anomalies. Systematic surface trenching shows the majority of the ring structure is mineralized in several zones/targets; moving clockwise from the north these zones are North, Sofia, Discovery, Southwest, and #7. Early exploration focused on the better exposed Discovery and Sofia zones, however the most recent drilling in 2008 on the North and #7 zones has intersected significant mineralization thereby increasing the area of known mineralization by more than 50%.