GLR Resources - ein Traum für jeden Goldinvestor - - 500 Beiträge pro Seite

[SOM.you.]

GLR Resources
TSX-V : GRS
Empfehlungskurs : CAD 0,29
Shares outstanding : 30,4 Mio
Marktkapitalisierung : CAD 8,7 Mio/ US$ 7,3 Mio / Euro 6 Mio

GLR hat einige Projekte in der Pipeline. Das am weitesten entwickelte ist die Box Gold Mine.
Innerhalb kurzer Zeit hat GLR hier schnell und konsequent gearbeitet.

Im Mai wurden die letzten "confirmation drillings" abgeschlossen. Innnerhalb der nächsten 30 Tage will GLR die Minen Schätzung bekannt geben.

" While current work is on the Box Mine estimate, the next step would be the feasibility study. The Box Mine estimate is expected to be delivered by end of October 2005 to early November 2005.e Feasibility Study would most likely take around 2-3 months to complete."

Eigentlich ist die aktuelle Bewertung nicht nachvollziehbar. Unabhänige Beobachter haben vor einigen Monaten geschrieben :

"they can still produced gold at a
cost of US$215. A gold price of US$350 was needed to
show a decent rate or return. At US$ 350, the project has a
net asset value of $1.38 per share."

Aktuell bewegt sich der Goldpreis bei über U$ 450, was den NAV weiter deutlich erhöht haben müsste.
Um die Produktion in Gang zu bekommen benötigt GLR wohl rd. 16 Mio CAD, wobei schon einige Finanzierer Interesse haben.

Die Mine ist aktuell auf eine jährlich Goldproduktion von 45.000 Unzen konzipiert und hätte eine Lebensdauer von mehr als 10 Jahren.

Die Mine könnte m.E. nach schon 2006 in Produktion gehen.
Die Bruttomarge vor Steuern, Finanzierung und Overhead kosten läge bei aktuell 460-215 = US$ 245.
Wenn mann hiervon noch 50 % für Steuern, Finanzierung und Overhead abzieht würde der Nettogewinn bei rd. US$ 120 pro Unzen liegen ( unter konservativen Annahmen )

Bei einer Jahresproduktion von 45.000 Unzen * 120 US$ würde GLR ein Gewinn von US$ 5,4 Mio über mind. 10 Jahre darstellen können, wobei man die Resourcen noch erweitern will.

Die Aktie fällt mit Produtionsaufnahme auf ein KGV von 1,2 zurück und hat ein erhebliches Kurspotential.

Die Insider kaufen im Übrigen seit Monaten kräftig zu Kursen von CAD 0,34 bis 0,40 Aktien auf.

Ich sehe ein Kurspotential von rd. 500 % auf CAD 1,50.



SOM

[SOM.you.]

http://www.canadianinsider.com/servlet/coReport/AllTransacti…

Oct 06/05 Oct 03/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 6,000 $0.350
Sep 26/05 Sep 20/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 10,000 $0.380
Sep 14/05 Sep 08/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 5,000 $0.350
Sep 13/05 Sep 07/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 30,000 $0.340
Sep 13/05 Sep 07/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 25,000 $0.360
Sep 06/05 Aug 30/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 500 $0.350
Sep 01/05 Aug 25/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 5,000 $0.400
Sep 01/05 Aug 25/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 1,000 $0.350
Sep 01/05 Aug 24/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 40,000 $0.400

[Newbeee]

[posting]18.289.767 von SOM.you. am 15.10.05 13:01:39[/posting]hi SOM.you!

meinst du man bekommt noch shares in amerika?
weil die hier ja 0,3€ haben wollen und drüben nur 0,24$.
war aber auch null umsatz in amerika. deswegen die frage.

[Newbeee]

hast du einen homepagelink oder -adresse. finde da nix.

[Newbeee]

ah, hat sich erledigt - tipfehler.

[XTrack]

Was ist eigtl aus dem Uranium City Spinoff geworden? Ist dadurch überhaupt Cash in die Kassen von GLR geflossen? Für 1000 GLR Shares hatte man ja 400 UCR bekommen...

[Albatossa]

[posting]18.289.767 von SOM.you. am 15.10.05 13:01:39[/posting]Hallo SOM.you,

wenn der J. Kasner schon kauft dann muß doch was dran sein an dieser Firma!

[SOM.you.]

RE:

@newbie

ich habe die Aktien in Canada gekauft. Hier in Deutschland ist meist zu wenig Umsatz.

@xtraxk

ich glaube der Uranium City Spin off war der Grund für die zuletzt schwache Performance. Viele haben GRS gekauft um den Spin off zu bekommen. Die Aktienverkäufer trafen dann auf einen "Null"Käufer Markt.
Im Ergebnis hat der Spin Off aber nichts mit der Goldproduktion zu tun.

SOM

[XTrack]

@som:

Bin bei weiterer Recherche drauf gestoßen, dass 1 Mio CAN$ an Cash an UCR abgeflossen sind, um die Exploration dort gewährleisten zu können. Kurs UCR zuletzt 0,4... IPO war 0,6. Sehr enttäuschend gelaufen! Sehe es wie Du, da gibts einen unmittelbaren Zusammenhang zw. dem Kursrutsch bei GLR und dem UCR-IPO. Schätze, die 0,3 CAN$ sollten einen Boden darstellen.

Einen Produktionsbeginn für 2006 schließe ich jedoch komplett aus. Das Financing ist ja noch nicht abgeschlossen und danach kann es ca. 12 Monate dauern, bis die Produktion aufgenommen werden kann.

[SOM.you.]

RE: Xtrack

das ist denkbar. Ich rechne mit einem Financing im ersten Quartal 2006. Der Rest wird sich zeigen. Bisher hat GLR aber sehr schnell und gut in Black Fox gearbeitet.


SOM

[XTrack]

News from Canada NewsWire

GLR Update: Goldfields Property and Conmee Township
12:37 EDT Wednesday, October 19, 2005

TORONTO, Oct. 19 /CNW/ - GLR Resources Inc ("GLR") is pleased to provide the following update of both the Goldfields Project in Northern Saskatchewan and the Conmee TWP Molybdenum Project in Northwestern Ontario.

GLR technical staff has recently met with AMEC in Denver to work on the Box Gold Mine estimate. It is anticipated that the estimate will be delivered towards the end of October 2005 or early November 2005. Upon delivery of the estimate, the next anticipated step is the completion of the feasibility study. GLR expects that the feasibility study will take approximately 8 weeks to complete. GLR is pleased to also announce that the Environmental Impact Statement (E.I.S.) is expected to be submitted to regulatory authorities within the next month. Meetings with local communities was very favourable in support of the project proceeding. With the announcement of these deliveries, GLR is pleased with the substantial progress that has been made during 2005.

As GLR has previously announced (please see release dated 30-September-2005) it has acquired a molybdenum property in Conmee TWP in northwestern Ontario. GLR is pleased to announce that it is currently mobilising a drill to the property and will commence drilling within the next week to 10 days.

"GLR" is a Canadian Based Exploration Company with several gold, base metal and Platinum group metal properties within its portfolio with the most advanced being the 100% owned Goldfields Project consisting of two open pittable gold deposits. Please visit our website for details on all the Company`s properties and activities or please go to http://www.smartstox.com/interviews/grs.php to listen to an interview with David Leng, B.Geol. (Hons), VP Corporate & Investor Relations and the most recent interview at http://www.smartstox.com/interviews/grs0605.php to listen to an interview with Robert J. Kasner and David Leng.

(x)Disclaimer. certain matters discussed in this document may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995

For further information: please contact: Robert J. Kasner, President & CEO, GLR Resources Inc., Phone: [phone], Fax: [phone], E-Mail: [e-mail], Website: www.glrresources.com; David Leng, B.Geol.(Hons), Investor Relations, GLR Resources Inc., Phone: [phone], E-Mail: [e-mail]

[SOM.you.]

Oct 21/05 Oct 18/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 9,000 $0.295
Oct 21/05 Oct 18/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 11,000 $0.300
Oct 21/05 Oct 18/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 6,000 $0.300
Oct 21/05 Oct 18/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 4,000 $0.295
Oct 20/05 Oct 17/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 10,000 $0.310
Oct 20/05 Oct 17/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 1,500 $0.290


...weitere Insiderkäufe...

SOM

[XTrack]

Bin seit 0,31 CAN$ dabei und werde das Ding mal beobachten. Die Insiderkäufe stimmen mich positiv, dass da bald dickere News kommen. Hoffe im Bereich 0,27 - 0,28 bildet sich erstmal ein Boden. We`ll see

[SOM.you.]

GLR Resources plans $1.1-million private placement


GLR Resources Inc (TSX:GRS)
Shares Issued 30,214,018
Last Close 10/21/2005 $0.28
Monday October 24 2005 - News Release

Mr. Robert Kasner reports

GLR RESOURCES INC. ANNOUNCES $1.1 MILLION OFFERING

GLR Resources Inc. has retained Northern Securities Inc. to offer to sell, by way of a private placement, up to $1.1-million. The private placement will consist of units and flow-through units; up to $500,000 in units and up to $600,000 in flow-through units.

Each unit will be offered at 30 cents and will consist of one common share and one-half of a common share purchase warrant. Each unit warrant will be exercisable into one common share for a period of 24 months from closing at 40 cents.

Each flow-through unit will be offered at 35 cents and will consist of one flow-through common and one-half of a common share purchase warrant. Each warrant will be exercisable into one common share for a period of 24 months from closing at 45 cents.

The agent will be entitled to a cash commission equal to 7 per cents of the total gross proceeds raised under the offering. The company will also grant to the agent non-assignable warrants equal to the 10 cents of the number of units and flow-through units sold under the offering. Each broker warrant will entitle the agent to purchase one unit at a price of 30 cents.

The offering is subject to regulatory approval. The net proceeds of the private placement will be used by the company to finance continuing exploration at its Kirkland Lake, Thunder Bay and Uranium city exploration projects.

Fraglich nur wieso die das Geld auch für Uranium City einsetzen wollen ?

SOM

[XTrack]

Talfahrt gestoppt? Zuletzt wird nur aus dem ASK gekauft. In FSE hätte man heute sogar unter pari (Basis 0,30 CAD) kaufen können

[XTrack]

Na, da gehts aber ganz schön in den Keller in CAN

[SOM.you.]

Erste Bohrungen auf dem Moly Projekt :

Ich möchte dieses erste Ergebnis als exzellent beschreiben !

GLR Resources cuts seven m of 0.458% Mo at Conmee


GLR Resources Inc (TSX:GRS)
Shares Issued 30,546,518
Last Close 11/10/2005 $0.275
Monday November 14 2005 - News Release

Mr. Robert Kasner reports

CONMEE TOWNSHIP PROPERTY -- HIGH GRADE MOLYBDENUM INTERSECTED

GLR Resources Inc. has received the initial assay results from the first completed drill hole from the Conmee township molybdenum property. The property is located one kilometre east of Highway No. 11 in the Kakabeka falls area of Northwestern Ontario.

Drill hole CON 05-01 tested the shaft area and returned 0.764 per cent MoS2 equivalent over a core length of seven metres (23 feet). This intersection compares favourably with and confirms the historical work. Drilling now extends the quartz-rich host to a vertical depth of approximately 35 metres (115 feet). These intersections are approximately true width.



Hole From To Int. MoS2 Mo

No. m m m % Eq %



43.5 50.5 7 0.764 0.458

incl. 47.0 49.0 2 1.95 1.172



The Conmee township molybdenum property is reported to host at least four pegmatitic quartz veins containing molybdenite (M0S2) that were discovered around 1917 over a distance of approximately 1.6 kilometres. The veins are in close proximity to a granitic intrusion (Ontario Department of Mines Memoir 167, T.L. Tanton, 1931). Historical work consisted of limited surface pitting and the sinking of a foour-by-eight-foot shaft on the largest of the veins (approximately 20 feet wide at the surface) to a depth of 47 feet (14.3 metres). A representative sample of 270 pounds was sent for analysis to Ottawa in 1918, which returned an assay value of 1.29 per cent molybdenite.

To the best of its knowledge, GLR is not aware of any previous drilling in the area.

Additional drilling is currently under way on the Conmee property to establish the extent of the mineralization.

The combination of positive initial drilling results and recent market price for molybdenum in the range of $30 (U.S.) to $38 (U.S.) per pound illustrates that the Conmee molybdenum property may possess substantial exploration potential.

Analyses were done at Accurassay Laboratories in Thunder Bay, Ont., using an aqua regia digest, followed by an ICP-OES scan.

Julius Hava, BA, BSc, PGeo, a qualified person under National Instrument 43-101, has read and approved the contents of this news release.

© 2005 Canjex Publishing Ltd.

[XTrack]

Aktie wurde wegen der Meldung sogar kurzzeitig ausgesetzt

Zufrieden mit dem Ergebnis SOM.you.?

[SOM.you.]

RE: Xtrack

0,458 % sind ein sensationelles Ergebnis. Andere Explorer schlagen sich mit 0,02 oder 0,05 % rum.

Ob man hier etwas sinnvoll abbauen kann, steht aber weiter in den Sternen. Dazu benötigen wir deutlich mehr Bohrlöcher um die Größe des Erzkörpers zu beurteilen.
Es sieht aber nach einer fetten 7 Meter dicken Molydenem haltigen Schicht aus.

Im Prinzip ist mir das Moly Projekt ziemlich egal, da man bestimmt noch ziemlich lange bohren und buddeln muss, bis man hier etwas aus dem Boden herausholt.
Trotzdem interessant, weil man jetzt auf mehreren Gebieten aktiv ist.

Ich warte allerdings sehnsüchtig auf die neue resourcenschätzung für das Box Gold Projekt.
GLR ist auch auf der Minen Show in München ..vielleicht gibt es in diesem Zusammenhang News.

SOM

[nilsson]

Bekommt Mann hier keine kleine Stückzahl oder muß ich in Can. kaufen

[XTrack]

@SOM.you:

Warte auch auf das Box Gold Update... sollte ja eigentlich schon längst gekommen sein. "Early November" ist schon rum Naja, gut Ding will Weile haben

[SOM.you.]

Box Gold Mine Estimation ist jetzt da (!)

http://web1.kitco.com/pr/frame/index_prec.html?http://web1.k…

measured und indicated :

613.000 oz (!)

etwas mehr als in der Studie von 1995.
Ich hatte auf eine 7**.*** gehofft.

Bei 45.000 oz Produktion im Jahr hätten wir einen Lebensdauer der Mine von über 13 Jahren.

Aktuell ist GLR mit 6 Mio US$ bewertet, das bedeutet eine Unze für unter 10 US$.

Es ist nur eine Frage der Zeit, wann GLR steigen wird...heute reagiert die Aktie aber nicht.

SOM

[SOM.you.]

RE: GLR

Blocktrade bei GRS.V

09:30:43 T 0.25 -0.005 465,500 67 Northern 67 Northern K

Das ist doch mal nen Wort.

SOM

[XTrack]

GLR Resources Inc (GRS-TSX) Goldfields Project - EIS, Feasibility and Financing Developments
10:05 EST Monday, December 19, 2005

TSX: GRS

KIRKLAND LAKE, ON, Dec. 19 /CNW/ - GLR Resources Inc. ("GLR") is pleased to announce an update on the Goldfields Project in the Beaver Lodge mining district of Northern Saskatchewan, Canada.

GLR has been advised by UMA (Saskatoon) that all necessary reports have been filed with both the Department of Fisheries and Oceans (DFO) and Saskatchewan Environment (SERM) to complete the Environmental Impact Statement (EIS) for the Goldfields project. UMA reported to GLR that UMA expects these final reports should cover any deficiencies outlined previously by DFO and SERM. GLR is pleased with the news of the submissions, as GLR believes these are milestones in the progress of the Goldfields Project.

GLR is expecting to announce the next step towards the feasibility study by the first week of January 2006. GLR also wishes to report that GLR has recently been in discussions with Investec Bank (UK) Ltd regarding the financing of the Goldfields Project.

"Advancing the Goldfields Project has always been the key focus of GLR. Since there are a number of gold showings very close to the Goldfields Project, GLR plans to conduct some drilling on these targets during the first quarter of 2006 in order to investigate their Gold potential. GLR has focused on the Box Gold Mine during this past 18 months, simply because that is where the majority of known Gold exists" said Bob Kasner, CEO of GLR. "The Athona Gold Deposit is about 2 km away from the Box Gold Mine. Outlined in the 1995 feasibility study, the historical figure for Athona is over 200,000 ounces of Gold. It stands to reason why GLR plans to conduct drilling at these nearby Gold showings, to see what other potential can be found in this Gold district."

GLR Resources Inc is a Canadian based exploration and development company that has projects located in Saskatchewan, Ontario and Quebec. The most advanced project within the GLR portfolio is the Goldfields Project, located in Northern Saskatchewan in the Beaver Lodge Mining District.

"GLR" is a Canadian Based Exploration Company with several gold, base metal and Platinum group metal properties within its portfolio with the most advanced being the 100% owned Goldfields Project consisting of two open pittable gold deposits. Please visit our website for details on all the Company`s properties and activities or please go to http://www.smartstox.com/interviews/grs.php to listen to an interview with David Leng, B.Geol. (Hons), VP Corporate & Investor Relations and the most recent interview at http://www.smartstox.com/interviews/grs0605.php to listen to an interview with Robert J. Kasner and David Leng.

(x)Disclaimer. certain matters discussed in this document may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995

For further information: please contact: Robert J. Kasner, President & CEO, GLR Resources Inc., Phone: [phone], Fax: [phone], E-Mail: [e-mail], Website: www.glrresources.com; David Leng, B.Geol. (Hons), Investor Relations, GLR Resources Inc., Phone: [phone], E-Mail: [e-mail]

[SOM.you.]

RE: GLR

tja, man ist zeitlich "on track"...der Kurs sucht aber noch den Boden.

Ich glaube dran, und lege nochmal bei CAD 0,23 nach.

SOM

[LAGuenter]

SOM du scheinst wirklich nicht das richtige Händchen für Aktien zu haben. Vieles was du empfhielst geh nicht hoch sondern runter. Schönes Beispiel PLL hat er vor 3 Monaten empfholen zu ca. 0,50 Kursziel bis 31.12.05 waren 3,50 Euro glaub ich wo der Kurs aktuell steht schaut selber nach.

Wieso empfhielst du immer und immer wieder Aktien ?


Guenter

[SOM.you.]

[posting]19.352.962 von LAGuenter am 20.12.05 17:14:14[/posting]RE: Guenther

lerne erstmal richtig deutsch, bevor Du dich mit Erwachsenen unterhalten willst:

empfhielst, empfholen, empfhielst

Deine Behauptungen sind zudem falsch :

Die meisten meiner Empfehlungen sind schon massiv im Plus :

- Pacific Gold
- Westonia Mines
- United Bolero...sogar mit Zwischenverkauf
- Golden Phoenix ( KK US$ 0,13 )
- RNC Gold (KK: 0,56 aktuell 0,77 + 35 %)

Für Palladon und GLR gilt :

Warte einfach ab, an der Börse braucht man Geduld.

das scheinst du aber nicht zu verstehen

SOM

[SOM.you.]

Ausbruch bei GLR !

CAD 0,35

[SOM.you.]

RE: GLR

auch die Insider legen weiter nach :

Jan 03/06 Dec 29/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 25,000 $0.250

SOM

[SOM.you.]

NEWS :

FEASIBILITY CONRACT AWARDED

GLR Resources Inc. has retained the services of Wardrop Engineering in order to finalize the feasibility of the Goldfields project.

"Awarding the Goldfields feasibility contract is a milestone in advancing the project," said Bob Kasner, chief executive officer of GLR. "Moving the Goldfields project towards production status has always been the main focus of GLR. With the positive resource estimate, the high price of gold and the advanced status of the Goldfields project, we are excited at these recent developments. It is anticipated that the feasibility work will be completed by April of 2006; the next step is to advance discussions on production financing."

Mr. Kasner went further to say: "With the onset of winter, most drilling programs are much easier to complete than during the summer, as access is unhindered by open water. We have picked a number of exploration drill targets within one km of the Box and Athona gold deposits, so it will be a very busy season for GLR, both towards exploration and development."

SOM

[Spritzpups]

Hab mir mal ein paar reingelegt. Lassen wir sie mal arbeiten. Wollte erst über Toronto kaufen, da aber dort höhere Gebühren bei mir anfallen, hab ich mich entschlossen den einen cent mehr hier zu investieren.
Dann kann es ja losgehen.

[SOM.you.]

RE: GLR

bei GLR geht es weiter voran.
Eine Produktionsaufnahme sehe ich jedoch erst in 12 - 18 Monaten, falls die Finanzierung im 2.Quartal klappt.
( wovon ich ausgehe ).

Empfehlungskurs : CAD 0,29
Nachkauf bei 0,23
Aktuell : CAD 0,315

SOM

[SOM.you.]

RE: GLR

GLR veröffentlicht heute die Bohrergebnisse vom Moly Deposit.

Der Molygrad ist gut, aber die Dicke der Mineralisation nicht wirklich überzeugend.
Immerhin liegt das Moly relativ nah an der Oberfläche, warten wir es mal ab. Mein Augenmerk liegt auf der Entwicklung der Gold Mine.

Im Detail :

DRILLING RESULTS CONMEE TOWNSHIP MOLYBDENUM PROPERTY

GLR Resources Inc. has completed the first phase of diamond drilling on the company`s molybdenum property located near the town of Kakabeka Falls in Northwestern Ontario. The property is well-located, being approximately one kilometre east of Highway 11.

A total of 10 drill holes comprising 729.5 metres was conducted to follow up a high-grade intercept in drill hole CN05-01 which was drilled (azimuth 180 degrees) in the surface showing area and averaged 7.0 metres (43.50 to 50.50) of 0.458 per cent molybdenum including 2.0 metres of 1.17 per cent molybdenum.

The drill program tested a total strike length of 100 metres and to shallow depths: All intersections are believed to be approximately true width.


Drill Intercept Length Assay MoS2
hole (m) (m) Mo (%) equiv.

CN05-02 38.50-39.64 1.14 0.537 0.896
CN05-03 18.77-19.27 0.50 0.219 0.365
CN05-04 21.00-22.00 1.00 0.104 0.173
CN05-05 39.40-42.40 3.00 0.227 0.378
CN05-06 43.75-44.70 0.95 0.422 0.704
CN05-07 14.97-15.47 0.50 0.139 0.232
CN05-08 81.50-82.00 0.50 0.006 0.011
CN05-09 37.00-37.90 0.90 0.003 0.004
CN05-10 20.00-21.20 1.20 0.002 0.004


Mineralization appears to occupy a transitional zone between upper tonalite and lower granodiorite intrusive phases. GLR is evaluating the results of this program. Analyses were done at Accurassay Laboratories (Thunder Bay, Ont.) using an aqua regia digest, followed by an ICP-OES scan.

Julius Hava BA, BSc, PGeo, a qualified person under National Instrument 43-101, has read and approved the contents of this news release.

We seek Safe Harbor.


SOM

[SOM.you.]

RE: GLR

Kasner kauft weiter !

Jan 05/06 Dec 28/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 4,500 $0.240

SOM

[SOM.you.]

RE: GLR Res.

die Aktie zieht an auf CAD 0,32

Kasner kauft weiter zu :

Jan 13/06 Jan 06/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 22,000 $0.315
Jan 13/06 Jan 06/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 3,000 $0.300
Jan 10/06 Dec 29/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 20,000 $0.280


Hier geht noch einiges !

SOM

[RAINBOWSIX]

guten morgen som,

wann werden die ergebnisse der goldmine erwartet?

gruss rain

[SOM.you.]

RE: Rainbow

welche Ergenbisse meinst du ?

Die Gold Estimation ist seit dem 21.11.2005 da.

Es sind über 600.000 oz (!)measured und indicated (!)

Die Feasibility Study und das Financing ist erst im 2.Quartal zu erwarten.

Wenn ich die Überlegungen aus dem ersten Posting aufnehme :

Die Mine könnte m.E. nach schon Ende 2006 in Produktion gehen.
Die Bruttomarge vor Steuern, Finanzierung und Overhead kosten läge bei aktuell 550 -215 = US$ 335.
Wenn mann hiervon noch 50 % für Steuern, Finanzierung und Overhead abzieht würde der Nettogewinn bei rd. US$ 160 pro Unzen liegen ( unter konservativen Annahmen )

Bei einer Jahresproduktion von 45.000 Unzen * 160 US$ würde GLR ein Gewinn von US$ 7,4 Mio über mind. 13 Jahre darstellen können, wobei man die Resourcen noch erweitern will.

Das KGV 2007(e) liegt somit bei 1.

SOM

[SOM.you.]

RE: Insiderkäufe

kasner hat wieder on market zugeschlagen :

Jan 17/06 Jan 06/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 10,000 $0.315

SOM

[SOM.you.]

RE: GLR

mit einer riesen Überraschung kommt GLR daher :

ok, ist (noch) inferred aber bald measured/indicated.
808.000

Wenn man jetzt noch das 1500 meter entefrnte Athona property hinzu rechnet, hat GLR rd 1 Mio oz inferred.
möglicherweise 850.000 oz measured/indicated.

Mr. Robert Kasner reports

BOX GOLD MINE RESOURCE ESTIMATE UPDATE

GLR Resources Inc. is providing an update of the mineral resource estimate at the Box gold mine. GLR has retained AMEC (Saskatoon) to update the existing Box gold mine feasibility study (completed in 1995) to comply with National Instrument 43-101 standards. Only an inferred resource (1) can be estimated at this time, while the confirmation drilling required by AMEC is still under way. GLR is pleased with this inferred estimation at this preliminary stage, as it compares favourably with historical resource estimates by Pearson, Hoffman (1998) and the positive Simons feasibility study (1995). The inferred resources and the historical resources have been established with a cut-off of 0.50 gram per tonne gold.

The following table represents the historic resources and the present inferred resources of the Box gold mine.


Source Tonnes Au Au Cut to
(in thou- (g/t) (ounces)
sands)

AMEC 14,166 1.77 808,000 60 g/t

Pearson
Hoffman 12,500 1.99 799,000 30 g/t

Simons (2) 13,340 1.704 707,020 17 g/t


(1) Inferred resources are indicative of gold mineralization as a whole, measured or indicated, at the Box mine will be less than the present inferred resource.

(2) Additional drill holes have been completed at the Box mine since the Simons 1995 feasibility study and were used in the Pearson Hoffman study.

As reported in Stockwatch on April 21, infill drilling is progressing well. The completion of infill drilling is anticipated for middle of May.

Completion of the NI 43-101-compliant resource estimate (consisting of measured, indicated and inferred categories) is anticipated upon AMEC receiving and compiling the 2004 and 2005 assay results from the new drilling at the Box gold mine. GLR has been focusing primarily on the Box gold mine. It has not yet performed any work to upgrade the mineral resource of the Athona property to NI 43-101 standards. If necessary, this mineral resource can be upgraded once the Box mine is in production. The Athona property is situated approximately 1.5 kilometres east of the Box gold mine and its historical resource as estimated in the Simons feasibility study of 1995 was 6.5 million tonnes of 1.83 g/t gold at a cut-off of 0.686 g/t.

This historical resource at the Athona property is not NI 43-101 compliant and should not be relied on. It is presented for information purposes only and is believed by the company to be relevant

Kian Jensen, PGeo, is the qualified person responsible for reviewing the contents of this news release.

We seek Safe Harbor.

SOM

[SOM.you.]

GLR RESOURCES RETAINS LEADING INVESTOR RELATIONS FIRM

GLR Resources Inc. has retained the Equicom Group Inc. to provide it with strategic investor relations and financial communications services.

Equicom provides strategic communications services to more than 70 Canadian public companies across a diverse range of industries. GLR will pay Equicom a monthly retainer fee of $4,500 for select services. The initial contract term is for 12 months. Equicom does not have an ownership interest, directly or indirectly, in GLR Resources or its securities. Equicom is an employee-owned firm. Its principals include Barry Hildred, president, and Jason Hogan, executive vice-president.

About Equicom

Headquartered in Toronto, with offices in Montreal and Calgary, the Equicom Group is Canada`s leading investor relations consulting firm. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and Web design, webcasting, live-event management, and corporate branding.


SOM

[SOM.you.]

aktuell CAD 0,375

hat sich hier ein Boden und ein beginnender Aufwärtstrend ausgebildet ?

Ich glaube ja !

SOM

[SOM.you.]

RT: 0,40

SOM

[SOM.you.]

RE: GLR

ui, Schlußkurs CAD 0,44 !

SOM

[SOM.you.]

RE: GLR

GLR bekommt heute ein BUY CONFIRMED

http://www.americanbulls.com/StockPage.asp?CompanyTicker=GRS…" target="_blank" rel="nofollow ugc noopener">http://www.americanbulls.com/StockPage.asp?CompanyTicker=GRS…


Som

[SOM.you.]

RE: GLR

heute wurde noch ein weiterer Insiderkauf gemeldet :

Feb 06/06 Dec 30/05 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 20,000 $0.280

SOM

[corppor]

americanbulls hat allerdings ein sell-if gemeldet.
Der Insiderkauf (noch vom dezember) koennte das aber verdraengen!



Bearish Dark Cloud Cover Pattern

[SOM.you.]

RE: GLR

GLR hat den Kurssprung gut verkraftet.
Der Aufwärtstrend könnte weitergehen.

aktuell CAD 0,385 (!)

SOM

[SOM.you.]

RE: GLR

bei GLR hat Kasner wieder zugeschlagen für CAD 0,345

Feb 10/06 Feb 03/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 25,000 $0.345

SOM

[SOM.you.]

RE: GLR

die Aktie steigt weiter bei Miniumsätzen.

CAD 0,43

SOM

[SOM.you.]

RE: GLR

es geht weiter hoch, jetzt auch mit höheren Umsätzen:

CAD 0,42



SOM

[SOM.you.]

NEWS !!


GLR Resources starts drilling at Box


2006-02-24 09:19 ET - News Release

Mr. Robert Kasner reports

DRILLING CAMPAIGN COMMENCES ON EXPLORATION TARGETS AT GOLDFIELDS PROJECT

GLR Resources Inc. has commenced a drilling campaign on a number of exploration targets within a five-kilometre radius from the Box gold mine in Northern Saskatchewan.

Multiple targets were selected based on the compilation of historical exploration work done by GLR with results from the VTEM airborne survey and geochemical surveys that were conducted in 2005. Coinciding anomalies from the geophysical and geochemical surveys have been used to prioritize the drilling campaign. GLR has established drill pads and will be accessing the drill sites through the existing road network within the property holdings of GLR. Outside of deeper drilling at the Box gold deposit, one of the priority sites will be the Crackingstone Ridge area. Previously conducted work in 1987-1988 by GLR returned values of up to 2.97 ounces per ton Au, 0.825 gram per tonne (g/t) Pt and 1.9 g/t Pd in grab samples and up to 2.21 ounces per ton Au, 14 g/t Pt and 14.8 g/t Pd over one metre in chip samples.*

Drilling under these showings returned low but anomalous values of precious metals. It is believed that these showings are remnants of previously existing low temperature deposits under the sandstones which are located approximately 200-300 metres north of Quartzite Ridge. Prospecting along the contact of the sandstones returned values of 0.04 ounce per ton Au and anomalous platinum group metals (PGM). While uranium was not assayed for, values from a geiger counter in excess of 10,000 counts per second (cps) were obtained from the Quartzite Ridge area from surface and downhole probing.*

Chief executive officer of GLR, Bob Kasner, recently remarked: "While the feasibility work is being developed on the Box gold mine, we have a number of gold and PGM targets within very close proximity to the Box that warrant exploration drilling. We already know that the Goldfields district has a great deal of potential. A number of interesting new targets have been outlined from results of previous work and last year`s VTEM airborne survey."

The first phase of the drilling campaign is planned to start during the latter part of February to the early part of March. After the completion core logging and submission of samples for analysis, GLR will release drill results in a timely fashion.

* Assessment report on the Crackingstone property 1987 by John D. Hilland. Assay results from 1987-1988 were analyzed by TSL Laboratories (Saskatoon) and Barringer Laboratories (Calgary). Au plus Pt plus Pd assays were completed with standard fire assay procedures with an atomic absorption analytical finish.

John Cook, PEng, is the qualified person responsible for reviewing the contents of this news release.

Es kommt bewegung rein !

SOM

[SOM.you.]

RE: GLR

Yes ! die Aktie steigt auf CAD 0,45 und der Chef kauft weiter Aktien ein :

Feb 24/06 Feb 16/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 30,000 $0.410

Der kauft weiter zu 0,41 !!

SOM

[SOM.you.]

RE: GLR Resources

NEWS !

Es geht weiter mit GLR
aktueller Kurs : CAD 0,43

GLR begins geochemical surveys at Saskatchewan holdings


GLR Resources Inc (TSX:GRS)
Shares Issued 35,263,184
Last Close 2/27/2006 $0.41
Tuesday February 28 2006 - News Release

Mr. Robert Kasner reports

KIMBERLITE POTENTIAL EVALUATION - LAKE SEDIMENT SURVEY COVERAGE STARTED

GLR Resources Inc. has started a series of geochemical surveys in order to evaluate the kimberlite potential of the company`s landholdings in Northern Saskatchewan.

Preliminary results from the VTEM survey (please see GLR news issued in Stockwatch dated Dec. 14, 2005), suggest the potential for kimberlites within GLR`s landholdings, based on the presence of multiple circular geophysical features. The significance and origin of these circular geophysical features is not yet understood

In order to establish the geochemical signature of these circular targets, GLR has initiated lake sediment survey coverage. Kimberlites frequently weather recessively and as a result, are often found as topographic lows (that is, lakes, lowstands etc.). Lake sediment surveys have been extensively used for diamond exploration throughout Canada. With an abundance of lakes within GLR`s landholdings, the company believes this is a suitable type of geochemical survey.

In excess of 50 circular geophysical anomalies have been outlined within the company`s landholdings. Lake sediment surveys are being employed where applicable. Land-based geophysical anomalies are planned to be evaluated using appropriate geochemical surveys (that is, soils or biogeochemical surveys).

Bob Kasner (chief executive officer of GLR) this week noted: "Moving Goldfields forward continues to be our main focus. A lot has been accomplished in the last year, and with recent developments, we will be very busy through 2006. The potential for kimberlites within GLR`s land package was an unexpected surprise that arose from the VTEM survey. With the development work that is under way on Goldfields, there is a great deal of exploration work for both gold and kimberlite potential to be done."

Lake sediments from the initial evaluation phase have been submitted to Activation Laboratories (Ancaster, Ont.), for aqua-regia digest and ICP-MS analytical finish. Activation Laboratories is an ISO-17025-accredited laboratory.

© 2006 Canjex Publishing Ltd.

SOM

[SOM.you.]

RE: GLR

Bei GLR scheint die Stimmung weiterhin gut zu sein.
Die Aktie steigt, in Erwartung der neuen Ergebnisse auf ein neues Jahreshoch.
Der Umsatz war allerdings sehr mau.

CAD 0,47



SOM

[SOM.you.]

RE: GLR

der Chef kauft weiter Aktien on market ein !

Mar 01/06 Feb 22/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 20,000 $0.400

Erneut hat Kasner bei CAD 0,40 gekauft.

SOM

[SOM.you.]

RE: GLR

YES !

GLR steigt weiter im intakten Aufwärtstrend auf CAD 0,47

SOM

[SOM.you.]

RE: GLR Resources

in den nächsten 7 Wochen ist von GLR einiges zu erwarten:

1.) die Lake Sediments werden analysiert... sind Diamanten drin ?
Das ist gut möglich und wäre eine Sensation die man zufällig gefunden hat.

--> News erwartet

2.) Drilling im 5 km Radius der Box Mine

--> News erwartet

3.) Feasibility Study für Ende April erwartet

--> News erwartet, dann kommt die Finanzierung.

SOM

[SOM.you.]

RE: GLR

TRADING HALT !

Was soll ich sagen, das ist schon beeindruckend.
GLR hat die Project Finanzierung schon vor Fertigstellung der Feasibility Study im Sack. Das ist fast einzigartig.
Jeder kann sich selbst Gedanken machen warum die Investec Bank hier schon so früh die Projektfinazierung übernehmen will.

Mein Tip : GLR nicht verkaufen und mindestens weiter halten. Die Finanzierung ist schon vor der FS so gut wie sicher.

GLR Resources to secure $17.5-million loan facility


2006-03-07 16:55 ET - News Release

Mr. Robert Kasner reports

GOLDFIELDS PROJECT FINANCE MANDATE AWARDED

GLR Resources Inc. has entered into a mandate with Investec Bank (U.K.) Ltd. to arrange and underwrite project debt for the development of the company`s 100-per-cent-owned Goldfields project located in the Beaverlodge area of Northern Saskatchewan.

Investec is one of South Africa`s leading banks with considerable experience in the arrangement and provision of development loans for projects in the mining industry. Investec has made an assessment and field visit of the Goldfields project and has agreed to accept the mandate. It is anticipated that the project finance loan facility will be up to $17.5-million (U.S.) consisting of a term loan of up to $12.5-million (U.S.) and a convertible facility of up to $5-million based upon an estimated capital cost to develop the project of approximately $23-million (U.S.). The convertible facility will be convertible into common shares of GLR at a conversion rate of 60 cents per share, subject to the approval of the Toronto Stock Exchange. The loan would be repayable over a six-year term.

As an arranging fee, GLR will pay Investec a fee equal to 2.5 per cent of the amount of the facilities and issue Investec 250,000 common shares of GLR subject to the approval of the TSX.

Investec will shortly commence a detailed evaluation of the project so that the provision of the development loan can be put in place soon after the completion of the feasibility study scheduled for April/May of 2006.

Commenting on the announcement, Robert Kasner, president and chief executive officer of GLR Resources, said: "I am delighted to have Investec working with us and we look forward to the relationship established for our Goldfields project. Investec`s willingness to study the project even before the feasibility study is completed should enable the project development to progress without delay."

SOM

[dave daring]

Das ist in der Tat beeindruckend. Danke für die guten Infos und den Tipp!

[SOM.you.]

RE: GLR

bei GLR sind die Annahmen aus meinem ersten Posting eingetreten:

Aktuell bewegt sich der Goldpreis bei über U$ 450, was den NAV weiter deutlich erhöht haben müsste.
Um die Produktion in Gang zu bekommen benötigt GLR wohl rd. 16 Mio CAD, wobei schon einige Finanzierer Interesse haben.

Man sollte berücksichtigen dass GLR aktuell nur mit 18 Mio CAD bewertet wird.

Das ist für den Entwicklungsstand eigentlich viel zu gering. In Production dürfte GLR eine Bewertung von mind. 50 bis 70 Mio CAD erhalten.

Bis dahin wird es aber wohl noch 12-15 Monate dauern.

SOM

[SOM.you.]

RE: GLR

weiterhin Insiderkäufe zu 0,45

Mar 20/06 Mar 14/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 10,000 $0.450

SOM

[SOM.you.]

RE: GLR

GLR ist sicherlich schon ganz gut gelaufen, m.E. nach geht s aber noch weiter.

Unterstützt von Insiderkäufen auf dem aktuellen Kursniveau und der "quasi" sicherern Finanzierung erwarte ich in den nächsten 5 Wochen weiterhin diese News :

1.) die Lake Sediments werden analysiert... sind Diamanten drin ?
Das ist gut möglich und wäre eine Sensation die man zufällig gefunden hat.

--> News erwartet

2.) Drilling im 5 km Radius der Box Mine

--> News erwartet

3.) Feasibility Study für Ende April erwartet

--> News erwartet, dann kommt die Finanzierung.

Mein Tip : weiter kaufen, wenn von den 3 potentiellen NEws nur eine positiv ist, gehts weiter aufwärts.



SOM

[SOM.you.]

GLR zog gestern bei mittleren Umsätzen an.

Kommen bald News ?

SOM

[SOM.you.]

RE: GLR

die Aktie startet fest bei CAD 0,54



SOM

[SOM.you.]

Antwort auf Beitrag Nr.: 21.145.248 von SOM.you. am 10.04.06 15:37:35

RE: GLR

das ist was im Busch !

+ 20 % auf CAD 0,60

SOM

[dave daring]

Im Bullboard warten alle auf die news - dann geht es steil gen Norden! GLR hat Top-Potenzial!

[SOM.you.]

RE: GLR

ja, ich warte ebenfalls drauf

In den nächsten 14 Tagen sollte einiges kommen.

SOM

[SOM.you.]

NEWS !

GLR will 70.000 oz pro Jahr produzieren !
Das könnte in 2007 schon los gehen.
Aktuelles Drilling verzögert sich etwas wegen des warmen Wetters.

GLR reviewing Goldfields numbers with higher production


GLR Resources Inc (C:GRS)
Shares Issued 35,683,227
Last Close 4/19/2006 $0.60
Thursday April 20 2006 - News Release

Mr. Robert Kasner reports

GOLDFIELDS PROJECT FEASIBILITY UPDATE

GLR Resources Inc. has released a progress update on the Goldfields feasibility study, which is currently under way, by Wardrop Engineering. The feasibility study was initially based on a 2,000-tonne-per-day operation, which would result in an annual production rate of approximately 40,000 ounces of gold, at an estimated grade of 1.8 grams of gold per tonne. As the feasibility work has progressed, it has become evident that a production rate of 4,000 tonnes per day not only shows improved economics, but also would result in an annual production rate in excess of 70,000 ounces of gold.

The Goldfields Technical Committee (GTC) requested Wardrop to review the National Instrument 43-101 resource estimate (please see Stockwatch news dated Nov. 21, 2005), which is filed on SEDAR. GTC feels the resource review is prudent for two reasons:


it will include values from surface trenches that were excluded in the 2005 resource estimate; and
it will address concerns identified by GTC.

Wardrop agreed with GTC that the resource should be audited and has since started its review

Bob Kasner, chief executive officer of GLR, remarked: "These are positive steps in the overall development of the Goldfields project. Wardrop's resource review will extend the delivery of the feasibility to late May or early June, but these are the sort of steps that need to be taken. This is certainly not a setback or delay at all because the potential to improve economics only benefits the long-term viability of the Goldfields project."

Winter exploration drilling at the Goldfields project has been slowed due to poor ice conditions. An unseasonably warm winter has limited accessibility to many regions of the north that rely on the presence of a good ice base. Two holes have been completed by GLR to date. GLR staff in Uranium City has logged drill core and samples have been submitted for assaying.

The drill has been moved to Golden Pond, which is two kilometres on strike from the Box gold mine. Historic drilling campaigns conducted in 1988 returned values of up to 16.53 grams per tonne gold over 13.6 metres and in 1995 returned values of up to 5.1 grams per tonne gold over 15 metres (1).

(1) Assay values from 1988 and 1995 were analysed by TSL Laboratories (Saskatoon) and Barringer Laboratories (Calgary). Gold, platinum and palladium assays were completed with standard fire-assay procedures with an atomic absorption analytical finish.

John Cook, PEng, is the qualified person responsible for reviewing the contents of this news release.

© 2006 Canjex Publishing Ltd.


SOM

[SOM.you.]

Antwort auf Beitrag Nr.: 21.267.139 von SOM.you. am 21.04.06 09:51:35

RE: GLR

Bewertungsupdate :

GLR Resources
TSX-V : GRS
Empfehlungskurs : CAD 0,29
aktueller Kurs : CAD 0,57
Shares outstanding : 35,7 Mio
Marktkapitalisierung : CAD 20,4 Mio/ US$ 18 Mio / Euro 14,5Mio

GLR plant jetzt in der aktuelle FS wohl eine Jahresprooduktion von 70.000 oz (!)

Das wäre beeindruckend, wobei der Finanzierungsbedarf dann von 17,5 Mio US$ wohl auf 20 Mio US$ Steigen könnte.

Ursprünglich waren Cash Costs von 215 US$ pro oz. kalkuliert. Ich rechne einfach mal mit 300 US$ pro oz.

Goldpreis : US$ 620
Cash Costs : US$ 300
Bruttoerlöse : US$ 320
./. Steuern und Financing US$ 160

Nachsteuergewinn pro Unze : US$ 160

Jahresproduktion : 70.000 * 160 US$ = Mio US$ 11,2

aktueller Börsenwert : 18 Mio US$
Potentielles KGV 2007 : 1,7
Faires KGV 2007 : 7 ( entspricht einer Marktbewertung von CAD 90 Mio )

neues Kursziel : CAD 2,20

SOM

[dave daring]

danke für die info! bin auch sehr optimistisch! Das Kursziel ist sehr realistisch!

[SOM.you.]

Antwort auf Beitrag Nr.: 21.273.528 von dave daring am 21.04.06 16:09:48

RE: dave

naja, bis zur Produktion muss noch einiges passieren, aber wir haben ja noch 18 Monate Zeit.

SOM

[SOM.you.]

RE: GLR

NEWS ! Mit Investec steigt ein Institutioneller bei CAD 0,50 bzw 0,60 ein !


GLR Resources to raise $2-million (U.S.) with Investec


2006-04-24 09:50 ET - News Release

Mr. Robert Kasner reports

GLR ANNOUNCES PRIVATE PLACEMENT WITH INVESTEC BANK

GLR Resources Inc. has arranged an equity private placement with Investec Bank of UK Ltd. of $2-million (U.S.).

The private placement will consist of 4,596,000 units of 50 cents per unit; each unit will consist of one-half warrant. One full warrant will entitle IB to purchase one additional share at 60 cents for two years.

The proceeds of the offering will mainly go toward further development of GLR's Goldfields project and will be concentrated on expanding the potential of underground high-grade veins at the Frontier deposit and the Golden Pond as well as the underground potential of the H, I, J and K veins at the Athona deposit.

President and chief executive officer Bob Kasner commented on the announcement, saying: "I am very encouraged to see the commitment Investec has shown towards our Goldfields project through this private placement. The original commitment made in the engagement letter and now this equity investment further shows the confidence that Investec has in the potential of the Goldfields project."

John Cook, PEng, a director of the company, is the qualified person responsible for reviewing the contents of this news release.

SOM

[SOM.you.]

2006-05-26 09:15 ET - News Release

Mr. Robert Kasner reports

INCREASE OF 225,000 OZ AU IN UPDATED GOLDFIELDS RESOURCE ESTIMATE

GLR Resources Inc. has received the updated mineral resource for the Goldfields project from Wardrop Engineering Inc. Wardrop's review and audit of the mineral resource have been done as part of the feasibility work. Extra data relating to trenches were included as part of the review process.

The Box mine granite (BMG) mineralized zone was interpreted from logged lithologic codes and gold assay grades, and a three-dimensional wire frame was constructed representing the BMG unit. Gold grades were only estimated for blocks located inside of this unit. Raw gold assay grades in excess of 60 grams per tonne Au were cut back to that level. A maximum of 10 composites were used with no more than three allowed from a single drill hole.

The updated resource was estimated using the existing block model and inverse distance square interpolation. Wardrop used all the drilling information, as well as surface trenches, to upgrade the resource classification. This resulted in the conversion of certain blocks (in the 2005 resource as per the Stockwatch news release of Nov. 21, 2005) from inferred to indicated mineral resource.

The newly released mineral resource figures from Wardrop show a marked increase in the total amount of gold contained in the resources within the Box gold deposit. The 2005 resource of 462,000 ounces Au, using a cut-off of 0.5 g/t Au, has increased to 687,000 ounces Au at the same cut-off.


MINERAL RESOURCE SUMMARY -- WARDROP

Gold Measured Indicated Measured +
cut-off Tonnes Au Au Tonnes Au Au indicated
(g/t) (000) (g/t) (oun-) (000) (g/t) (oun- Tonnes Au Au
ces) ces) (000) (g/t) (oun-
(000) (000) ces)
(000)

0.50 1,584 2.15 110 10,619 1.69 577 12,203 1.75 687
1.00 991 3.02 96 6,128 2.41 474 7,119 2.49 570
1.50 715 3.71 85 3,953 3.06 389 4,668 3.16 474
2.00 536 4.37 75 2,691 3.69 319 3,228 3.80 394
2.50 418 4.98 67 1,907 4.29 263 2,325 4.41 330
3.00 327 5.60 59 1,397 4.86 218 1,725 5.00 277
3.50 263 6.18 52 1,049 5.40 182 1,312 5.56 234
4.00 215 6.72 46 789 5.95 151 1,004 6.12 198
4.50 174 7.31 41 598 6.50 125 772 6.68 166
5.00 144 7.85 36 459 7.04 104 603 7.23 140



MINERAL RESOURCE SUMMARY --
WARDROP (Inferred)

Tonnes Au Au
(000) (g/t) (ounces)
(000)

2,076 1.38 92
991 2.13 68
633 2.64 54
391 3.20 40
242 3.80 30
155 4.40 22
108 4.92 17
71 5.50 13
49 6.11 10
35 6.64 8


Commenting on this announcement, Robert Kasner, president and chief executive officer of GLR Resources, said: "I am very pleased with this substantial increase in the Goldfields resource. Obviously, this sort of development is always encouraging to see and, with the additional potential outlined in the 1995 Simons Engineering study for the Athona deposit located approximately 1.6 kilometres away and containing 232,900 ounces gold in 3.62 million tonnes at a grade of 1.99 g/t (1), we are clearly looking at a gold district. What really is compelling is that both deposits are open at depth."

(1) This work was completed prior to NI 43-101 being implemented. GLR has not verified the historical resource estimate and is not treating it as a current mineral resource estimate and it should not be unduly relied upon.

John Cook, PEng, is the qualified person responsible for reviewing the contents of this news release.

We seek Safe Harbor.

[SOM.you.]

Mr. Robert Kasner reports

GLR RESOURCES ANNOUNCES MAJOR DRILLING CAMPAIGN ON THE ATHONA GOLD DEPOSIT AND PROVIDES UPDATE ON THE GOLDFIELDS FEASIBILITY STUDY

GLR Resources Inc. has made plans for a major drilling campaign at the Goldfields project in Northern Saskatchewan.

The aim of this drilling campaign is to conduct further exploration at the Golden Pond and Frontier gold occurrences, and the Athona gold deposit, with the intent of bringing them up to National Instrument (NI) 43-101 standards; if possible, the results will be incorporated into the Goldfields feasibility study. As outlined in the 1995 Simons Engineering Services Ltd. study, the Athona gold deposit is located approximately 1.6 kilometres away from the Box gold mine and contains 232,900 ounces gold in 3.62 million tonnes at a grade of 1.99 grams per tonne (*). Field crews have now been mobilized to GLR's office in Uranium City and it is anticipated that the drilling campaign will get under way in the first week of July.

(*) This work was completed prior to NI 43-101 being implemented. GLR has not verified the historical resource estimate, is not treating it as a current mineral resource estimate and the resource should not be unduly relied upon.

The drilling of the gold occurrences and the Athona gold deposit is planned to consist of a total of 5,000 metres. GLR geologists based in Uranium City will oversee the progress of this campaign.

Feasibility study update

Wardrop Engineering has recently informed GLR that, due to the identification of additional information required, Wardrop will have to extend the delivery date of the Goldfields feasibility. GLR recently met with Wardrop and was presented with a project update for the Goldfields feasibility. The update is in line with GLR's expectations. Wardrop will provide GLR with a revised schedule and anticipated completion date for the Goldfields feasibility.

Robert Kasner, president and chief executive officer of GLR Resources, said, "Although we are naturally eager to have the final feasibility study completed as soon as possible, the additional time may enable us to have a more comprehensive feasibility study and that would be positive for the Goldfields project and GLR shareholders."

John Cook, PEng, is the qualified person responsible for reviewing the contents of this news release.

We seek Safe Harbor.

[SOM.you.]

Antwort auf Beitrag Nr.: 22.263.872 von SOM.you. am 25.06.06 13:42:08

RE: GLR

wen es interessiert :

David Leng aus einem Interview vor einigen Wochen :

http://www.smartstox.com/interviews/grs.php

einige sehe das Kursziel bei CAD 1,50...es dauert halt alles länger als erhofft.

SOM

[SOM.you.]

Antwort auf Beitrag Nr.: 23.608.499 von SOM.you. am 25.08.06 12:06:10

GLR completes infill drilling at Athona, awaits assays


2006-09-08 09:34 ET - News Release

Mr. Bob Kasner reports

PROGRESS UPDATE ON GOLDFIELDS - DRILLING AND EXPLORATION

GLR Resources Inc. is reviewing its Goldfields project, located in the Uranium City region of Northern Saskatchewan, Canada.

Wardrop Engineering and feasibility study

As reported in Stockwatch June 20, it was decided to bring the Athona gold deposit into the feasibility study. This has required a program of infill and confirmation drilling to bring the deposit resource to NI 43-101 compliance. This phase of drilling has now been completed, with the holes having been logged, sampled and submitted for analysis to TSL Laboratories (Saskatoon). Assays are pending and will be released to the market in a timely manner as they are received.

Wardrop personnel visited the Goldfields property during the week of Aug. 14 to Aug. 18 as part of their due diligence in writing the NI 43-101 report. Wardrop expressed its satisfaction with the quality control being done by GLR geologists and technical staff. The feasibility work is progressing, with the required information needed by Wardrop being obtained.

Bob Kasner, chief executive officer of GLR, recently commented, "The extension of the feasibility's delivery date is warranted, given the expanded focus of the study and the potential improvements of the project's economics."

Exploration at Athona

Based on this summer's exploration campaign at Athona, GLR plans to conduct additional exploration drilling in the near future. Planned exploration drilling is designed to test higher-grade veins (H, K, L, F and M) which are located east of the proposed Athona pit (see news reported in Stockwatch July 26, 2006).

This additional exploration drill is warranted, given that a historic drill hole F returned 97 feet of approximately 0.131 ounce per ton (converted from dollar per ton Au) in drill core sludge from the lower acidic granite which was previously considered non-gold bearing.

The H, J, K, L and M veins are a series of veins consisting of quartz, galena, sphalerite and minor pyrite which carries considerable amounts of visible gold. The most developed vein to date is the H vein, which has a historic resource of 31,926 tons at 0.248 ounce per ton Au over a width of five feet.

The present goal of GLR is to outline in excess of 200,000 tons of similar grade with the intent of mining these veins from a ramp within the proposed Athona pit.

John Cook, PEng, is the qualified person for the technical aspects of this news release.

We seek Safe Harbor.

Tja, das dauert alles ziemlich lange bei GLR

SOM

[SOM.you.]

Naja, haut mich nicht vom Hocker, aber eine oberflächennahe Mineralisation :

GLR Resources drills 1.61 g/t Au over 10 m at Athona


GLR Resources Inc (C:GRS)
Shares Issued 45,237,518
Last Close 9/18/2006 $0.40
Tuesday September 19 2006 - News Release

Mr. Bob Kasner reports

GLR ANNOUNCES INITIAL DRILLING RESULTS FROM ATHONA GOLD DEPOSIT

GLR Resources Inc. has released the initial drilling results from the confirmation drilling at the Athona gold deposit, in Northern Saskatchewan, Canada.

Bob Kasner, chief executive officer of GLR, said: "The initial results we have received from the Athona drilling are positive. Given that Athona is known to be part of a much larger mineralized system, seeing these gold grades over such wide widths and at such shallow depths supports the long-term vision of open-pit mining at Goldfields. The geologists logging core noted three occurrences of visible gold in the core, so we are obviously encouraged to see results and the overall progress that continues at Goldfields. There remains a large number of assays pending from this drilling campaign which will continue to be released on a two- to three-drill-hole basis as received."

Drilling at the Athona gold deposit is a required part of the overall Goldfields feasibility study (please see news as reported in Stockwatch June 20, 2006). The core samples from drill holes (A06-195 to A06-197) were analyzed by TSL Laboratories of Saskatoon, an ISO17025 accredited laboratory. All core samples from the Athona drilling campaign are being analyzed at TSL Laboratories. Calculated assay values are on core lengths and are estimated to be close to true widths.

Hole A06-195 intersected a combination of Athona mine granite and footwall gabbro. Values returned were 1.61 grams per tonne Au over 10.00 metres (from 7.00 to 17.00 m), including 3.93 g/t Au over 3.00 metres.

Hole A06-196 intersected a combination of Athona mine granite and the footwall Tombstone granite. Values returned were 1.01 g/t Au over 16.00 metres (from 11.00 to 27.00 metres), including 1.3 g/t Au over 6.00 metres.

Hole A06-197 intersected a combination of Athona mine granite and the footwall Tombstone granite. Values returned were 1.01 g/t Au over 29.00 metres (from 10.75 to 39.75 metres), including 1.78 g/t Au over 10.00 metres and 1.80 g/t Au over 3.00 metres.

Core samples were submitted for pulp metallic assays to TSL Laboratories of Saskatoon, an ISO17025 accredited laboratory.

John Cook, PEng, is the qualified person responsible for reviewing the contents of this news release.

SOM

[SOM.you.]

Das ist super (!)

GLR Resources drills 25 m of 4.23 g/t Au at Athena

zudem eine oberflächennahe Mineralsisation von 5,33 g/t über 10 Meter.


GLR Resources Inc (C:GRS)
Shares Issued 40,641,518
Last Close 10/17/2006 $0.34
Wednesday October 18 2006 - News Release

Mr. David Leng reports

GLR ANNOUNCES FURTHER RESULTS IN ATHENA DRILLING CAMPAIGN

GLR Resources Inc. is releasing the second set of drilling results from confirmation drilling at the Athena gold deposit, in Northern Saskatchewan. Confirmation drilling at the Athena gold deposit is a required part of the overall Goldfields feasibility study (see Stockwatch news June 20, 2006). The core samples from drill holes A06-207, A06-209 and A06-211 were analyzed by pulp metallic assays by TSL Laboratories of Saskatoon, an International Standards Organization 17025-accredited laboratory. All core samples from the Athena drilling campaign are being analyzed at TSL Laboratories.

GLR has already released the first batch of results from holes A06-195, A06-196 and A06-197 (see Stockwatch news Sept. 19, 2006). Assay results are currently pending for the remaining Athena holes A06-194, A06-198, A06-199, A06-200, A06-201, A06-202, A06-203, A06-206, A06-208 and A06-210, and will be released in a timely fashion. The core lengths are actual lengths as drilled and have not been adjusted for the true width of the mineralized zones.


Average grade

Hole Total length within intersection

of hole (m) From (m) To (m) Core length(m) (g/t Au)



A06-207 165 47.00 55.00 8.00 1.43

80.00 87.00 7.00 1.59

96.00 121.00 25.00 1.89 (cut to 30 g/t Au)

86.00 121.00 25.00 4.23 uncut

A06-209 110 34.00 51.00 17.00 0.70

63.00 70.00 7.00 0.76

A06-211 70 1.20 47.00 45.80 1.61 (cut to 30 g/t Au)

1.20 47.00 45.80 1.62 uncut

including 1.20 11.00 9.80 5.27 (cut to 30 g/t Au)

1.20 11.00 9.80 5.33 uncut



John Cook, REng, is the qualified person responsible for reviewing the contents of this news release

© 2006 Canjex Publishing Ltd.

[Albatossa]

Antwort auf Beitrag Nr.: 24.705.566 von SOM.you. am 18.10.06 17:32:02

Scheint niemanden mehr zu interessieren!


Hallo SOM.you,

da ich gerade mein Depot einwenig umbauen muss ist mir diese Aktie aufgefallen. Habe zwar noch keine feste aber das dürfte sich bald ändern! Die Aktie ist ja sehr weit zurück gekommen und weil Gott und die Welt glaubt mit Gold ist kein Geld mehr zu verdienen. Für Deine persönliche Meinung hätte ich immer und jederzeit ein Ohr offen!

Gruß Albatossa

[SOM.you.]

Antwort auf Beitrag Nr.: 24.910.128 von Albatossa am 28.10.06 11:20:10

RE: Albatossa

tja...ich bin vom GLR Kursverlauf enttäuscht.
Die Aktie notiert wieder auf Vorjahresniveau und ich habe nur ein paar Stücke bei durchschnittlich 0,50 verkauft.



Vielleicht haben wir jetzt eine Bodenbildung im Bereich CAD 0,27.
Die Vorzeichen sind eigentlich gar nicht schlecht für GLR.... nur im Zeitplan hängen die über 9 Monate hinterher, was sicherlich der Grund für den unbefriedigenden Verlauf der Aktie ist.

Die letzte Finanzierungsrunde mit Investec war bei CAD 0,50...fast 90 % über dem aktuellen Kursniveau....die Finanzierung sollte ersteinaml noch für die aktuellen Bohrungen reichen.

Die letzten Bohrergebnisse waren eigentlich gut..4,23 grammm über 25 meter (!)...aber es sind noch einige Ergebnisse pending und sollten in den nächsten Wochen veröffentlicht werden.

M+I sind 687.000 Unzen.
Wenn jetzt noch 200.000 hinzukommen könnte es zur Produktion reichen.

SOM

[Albatossa]

Antwort auf Beitrag Nr.: 25.036.109 von SOM.you. am 31.10.06 14:58:23

Danke für diese ehrliche Antwort!

[SOM.you.]

RE: GLR


Kasner kauft weiter nach :

Nov 08/06 Nov 02/06 R. J. Kasner Co. Ltd. 10 - Acquisition in the public market Common Shares 10,000 $0.350

SOM

[likwit]

Die Ankündigung ist zwar schon ein paar Tage alt, aber die von GLR sind ja auch nicht die schnellsten.

November 16th, 2006 TSX:GLR
GLR Resources Inc – (GLR:TSX, GKF:Frankfurt) (“GLR” or the “Company”) today provided further details about the ongoing Goldfields Feasibility Study. The Goldfields Project consists of the Box and Athona gold deposits, which are located in the Uranium City Mining District in Northern Saskatchewan, Canada.
Technical Improvements
The Gekko System from Australia was chosen for the recovery of gold from Goldfields ore by gravity concentration and high intensity leaching. New recovery data and cost increases have required further examination of this choice. The Gekko part of the plant was originally estimated as $4M (AUD) with overall gold recoveries of >87%. The cost has now risen to $8M (AUD), which although higher than the initial estimates, is still acceptable. However, estimates of Gold recoveries have dropped to 77-79%. The lower recovery, based on test work by Gekko and others, is a result of a reduction in mass pull to reduce the amount of concentrate in order to make it fit Gekko’s high intensity inline reactor. This resulted in lower overall estimated recoveries.
GLR now plans that the Gekko gravity system will still be used but with a higher mass pull, followed by standard stirred tank leaching to recover the gold from the gravity concentrate. This will bring planned recoveries back to 87% plus. This different leaching method also has the potential to lower capital costs. In order to expedite the investigation into processing options, GLR retained consultant Dan Mackie and Associates to look after the mill and mill costing for the Goldfields feasibility, in cooperation with Wardrop Engineering. This work is now almost completed and will be expeditiously incorporated into the Feasibility Study by Wardrop.
GLR technical personnel and consultants have also undertaken the task of locating and examining the procurement of used equipment for the Goldfields Project in order to keep costs in line with previous in house cost estimates which assumed such used equipment. This should also accelerate finalisation of the feasibility study.
Logistical Improvements
Transportation of personnel, equipment and consumables to the Goldfields site is a significant factor for operating costs and even capital costs. Initial cost estimates by Wardrop, for this activity, were much higher than anticipated. Since then, in house work by GLR has defined a streamlined cargo delivery system using, mainly summer transportation by barge from Fort MacKay. Estimated costs are significantly lower.
Bob Kasner, CEO of GLR said, “We have recently concluded our drilling campaign for the Athona gold deposit. The inclusion of these drilling results into the feasibility study marks a further advance by the Goldfields Project. When combined with the resolution of the technical options, we anticipate a more robust feasibility study than originally envisaged.”
Investec Bank has been kept informed of these developments and remains supportive of GLR and the overall Goldfields Project.
John Cook, P.Eng., is the qualified person responsible for reviewing the contents of this news release.
About GLR Resources:
GLR is a Canadian based junior mining and exploration company with projects in Ontario, Quebec and Saskatchewan.

-------------------------------------------------


Der Preis für die Goldgewinnungsanlage hat sich von 4 auf 8 mill. AUD verdoppelt und die Goldgewinnungsrate sinkt auf Werte zwischen 77-79%. GLR will den Extraktionsprozeß modifizieren um die Kosten zu senken und die Ausbeute auf 87% erhöhen. Ich denke bis zur feasibility study wird es noch ein bischen länger dauern als geplant.

likwit

[SOM.you.]

RE: GLR

die Aktien zieht wieder etwas an.

Der steigenden Goldpreis und die kommenden Bohrergebnisse beflügeln den Kurs.

SOM

[SOM.you.]

RE: GLR

naja:

GLR Resources drills 37 m of 1.09 g/t Au at Athona


2006-12-13 09:54 ET - News Release

Mr. David Leng reports

GLR ANNOUNCES FINAL RESULTS FROM ATHONA DRILLING CAMPAIGN

GLR Resources Inc. is providing the final set of drilling results from confirmation drilling at the Athona gold deposit in Northern Saskatchewan, Canada.

The confirmation drilling that GLR performed at the Athona gold deposit was a required part of the overall Goldfields feasibility study (see Stockwatch, June 20, 2006). The core samples from drill holes (A06-194, A06-198, A06-199, A06-200, A06-201, A06-202, A06-203, A06-206, A06-208 and A06-210) were analyzed by pulp metallic assays by TSL Laboratories of Saskatoon, an ISO17025-accredited laboratory. All core samples from the 2006 Athona drilling campaign were analyzed at TSL Laboratories.

Bob Kasner, chief executive officer of GLR, said, "The consistent gold values and wide widths from the Athona drilling provides additional support for the potential of large-scale open-pit mining of the Goldfields project."

The core lengths are actual lengths as drilled and have not been adjusted for the true width of the mineralized zones.


Hole Total length (m) From (m) To (m) Core length (m) Average grade within intersection (g/t Au)

A06-194 75 9.00 22.00 12.00 1.65
A06-198 118 16.00 53.00 37.00 1.09
101.00 104.00 3.00 1.34
A06-199 100.45 82.00 84.95 2.95 1.10
A06-200 100 70.00 80.00 10.00 1.60
A06-201 100.30 0.00 29.48 29.48 1.13
A06-202 100 83.55 88.50 4.95 0.48
A06-203 100 3.00 8.00 5.00 1.77
A06-206 110 64.00 67.62 3.62 1.32
78.00 81.00 3.00 1.06
A06-208 130 46.00 61.00 15.00 0.51
A06-209 110 20.00 51.00 31.00 0.53
63.00 70.00 7.00 0.76
A06-210 66 3.75 37.00 33.25 0.97


David Leng, PGeo, is the qualified person responsible for reviewing the contents of this news release.

We seek Safe Harbor.


SOM

[Panem]

GLR: Ein Traum für jeden Uraninvestor...

[SOM.you.]

RE: GLR

die Aktie zieht an (!)

aktuell AUD 0,51


SOM

[SOM.you.]

0,51 CAD

[SOM.you.]

RE: GLR

die Aktie zieht in den letzten Wochen und Monaten wieder an.
Aktuell notiert sie in Canada bei CAD 0,47 also exakt Euro 0,307

SOM

[SOM.you.]

Antwort auf Beitrag Nr.: 27.463.755 von SOM.you. am 06.02.07 15:38:54

Mr. Robert Kasner reports

GOLDFIELDS RESOURCE 976,000 OUNCES GOLD

In Stockwatch on May 26, 2006, GLR Resources Inc. released mineral resource figures as received from Wardrop Engineering Inc. for the Box gold deposit portion of its Goldfields project GLR is now pleased to announce that National Instrument (NI) 43-101-compliant mineral resource data for the Athona deposit within the Goldfields project has been received from Wardrop Engineering. Athona is approximately two kilometres from the Box deposit.

The combined measured and indicated resource of the Box and Athona pit areas at a 0.5-gram-per-tonne (g/t) cut-off is 976,000 ounces. The inferred resource is 141,800 ounces. The measured and indicated resource is contained in 19,239,400 tonnes of mineralization and the inferred resource is contained in 3,482,400 tonnes of mineralization.

Eine Resource von 976.000 oz ist sicherlich sehr erfreulich und hat noch upside Potential.

Die Goldgrade liegen measured und indicated bei 1.69 bis 2.15 g/tonne, was ok ist...aber sicherlich kein Superknaller.

Die Börsenbewertung liegt aber bei nur 15 Mio Euro.

SOM

[Stinner]

Chart-technisch sieht's nicht schlecht aus und mit 'ner MK von ~ 25Mio CAD ist noch Luft nach oben.

Bis Ende Mai wird die Machbarkeits-Studie für das Goldfield-Projekt fertig sein. Aus den beiden letzten PRs kann man

interpretieren, dass die Feasibility Study sehr positiv ausfallen wird... Ein PP zu 0.72 CAD wurde von GLR gecancelt, weil die

Veröffentlichung der Studie nun unmittelbar bevor steht und man wohl damit rechnet, durch das positive Resultat bessere Konditionen aushandeln zu können.

Sollte man jetzt ruhig mal auf die Watch-List setzen.

http://www.glrresources.com

[SOM.you.]

GLR Resources ups resource at Box mine


GLR Resources Inc (C:GRS)
Shares Issued 45,793,192
Last Close 5/31/2007 $0.61
Friday June 01 2007 - News Release

Mr. Robert Kasner reports

GLR UPDATES RESOURCE AT BOX MINE PROJECT

GLR Resources Inc. has provided an overview of more than 10 per cent to its previously stated measured and indicated resource for the Box mine portion of its "Goldfields project" in Northern Saskatchewan. This resource revision was calculated by Bikerman Engineering & Technology Associates Inc. (BETA) as part of the work toward the National Instrument 43-101-compliant final feasibility study being undertaken for GLR Resources. The positive feasibility study has been submitted to GLR for internal review, and the results will be released to the public shortly. GLR is pleased with the work that BETA has performed, and anticipates an accelerated engineering, procurement, and construction management (EPCM) schedule to begin this summer under the direction of John D. Orr, PEng, chief operating officer of GLR.

Commenting on this announcement, Robert Kasner, president and chief executive officer of GLR Resources, said, "With this increase of 80,000 ounces of measured and indicated resource at the Box mine, as our combined resource for the Goldfields project is now well over one million ounces (see GLR news in Stockwatch of Feb. 26, 2007), I look forward to seeing our first gold produced at the Box mine in 2008."

BETA has determined that the resources previously stated by Wardrop Engineering were at a cut-off grade higher than that typically used for feasibility, and as such, require restatement to reflect current and expected economic conditions. At a current gold price of $650 (U.S.) per ounce, the internal cut-off of the mine is 0.25 gram per tonne (g/t) (assuming a process cost of $5 (U.S.) per tonne and recovery of 95 per cent). It is a reasonable expectation that gold prices will increase in the future, and as such, Beta has stated resources using a 0.125 g/t cutoff. The resource as stated meets all requirements of National Instrument 43-101.


Naja,
positiv :

measured und indicated : 750.000 oz

negativ : 1,39 g/t


Soso lala.
Einige Australier sind an diesen geringen Goldgehalten gescheitert.

Die Aktie ist aktuell mit rd 25 Mio CAD bewertet, was gemessen an den Resourcen nicht teuer ist, aber der Goldgehalt ist halt nicht so klasse.

SOM

[Popeye82]

Lesezeichen.

[SOM.you.]

RE: GLR

der Kurs steigt ebenfalls seit die Mühle bestellt wurde.




GLR Resources orders mill for Goldfileds project


2007-10-25 09:54 ET - News Release

Mr. Robert Kasner reports

GLR ORDERS MILLING PLANT FOR GOLDFIELDS

GLR Resources Inc. has entered into contracts with major equipment suppliers for mining and milling equipment. Down payments have been made on those items requiring a long lead time so that manufacture of these items can commence. This will allow for delivery of these items so that GLR can adhere to its timetable of production in early 2009.

The EIS (environmental impact study) originally submitted in February, 2007, to Saskatchewan environmental authorities has now been updated to reflect the economic changes as defined in GLR's 43-101 technical report (for example, a 5,000-tonne-per-day mining operation instead of a 2,000 tpd operation). Saskatchewan environmental authorities have indicated that the review of these changes should be a relatively short process (approximately 30 days) and public review should commence before year-end.

In the news reported in Stockwatch Aug. 21, it was noted that Investec Bank had retained Micon Engineering to complete a due diligence review of the Goldfields feasibility study. The final comments from Micon Engineering have now been received by Investec Bank. Although some minor points are still to be addressed it is of the opinion of GLR there are no issues that will seriously affect the Goldfields project or its ability to pay back debt financing.

Brush and tree removal along the power line right-of-way, that extends more than 12.5 kilometres between the Box deposit and the Uranium City power grid, has been progressing well and will be completed by month-end. This accomplishment represents more than three months of work by a dedicated team of 10 people.

Renovation efforts also continue to progress well at the GLR building facility in Uranium City that will function as office space as well as dormitory quarters for future mine employees. The last shipment of furniture and materials has now been received and it is expected that this building facility will be completed by year-end.

Three deep drill holes (BO7-291, BO-292 and BO7-293) have been completed and a fourth hole (BO7-294) is in progress. The core samples from these three holes were submitted for gold assays to TSL of Saskatoon and assay results are pending. These holes were drilled on the south side of the Box deposit to evaluate any extensions of the gold-bearing granitic formation associated with the Box deposit.

GLR has also completed five condemnation holes in the area selected for the Box mine processing mill, road access to the mill as well as in the area selected for the location of the future waste rock pile. Assay results only yielded slightly anomalous gold values. Therefore, the areas selected for future roads, the mill building site and the waste rock site do not overlay areas of economic mineralization.

Commenting on the above progress, chief executive officer and president Robert Kasner noted, "It is very reassuring to see GLR proceeding on schedule for production in early 2009 and it is reassuring that there are no serious issues with the Goldfields feasibility study." Mr. Kasner also noted, "I am very pleased with the response received from resource funds and investment dealers while on a recent visit to the U.K. and Europe."

SOM

[Prospektor]

..ist wohl keiner mehr investiert?

Die Rahmenbedingungen sehen aber wohl gar nicht so schlecht wie der Kurs bei GLR aus.

Jüngst gab es in einer Lokalzeitung von Sasketchewan einen ausführlichen Bericht über die Aktivitäten von GLR.
Link ist im Stockhouse zu finden.

Jetzt hat auch Peter Grandich in seinem neuesten Letter wieder sich positiv zur Firma geäußert.

Seiner Ansicht nach läuft alles nach Plan mit dem Aufbau der Boxter-Goldmine- die fehlenden Genehmigungen werden bald erwartet.

Finanziert wird dies durch Investec, die m.W. den größten Teil der Mittel als Kredit gewähren wollen und inzwischen ihre Prüfungen beendet haben sollen und das Projekt befürworten würden.

Die Mine soll bis Mitte 2009 die Goldproduktion aufnehmen können, man ist auch zuversichtlich, dass durch den hohen Goldpreis die Lebenszeit verlängert wird, weil man auch niedriggradige Vorkommen dann gewinnbringend abbauen kann.

Leider ist die Stimmung zu GLR (gemessen an der Reaktion im HC) nicht sehr gut, man sieht zwar jetzt im Kurs eine deutliche Unterbewertung, betrachtet das MM um Mr.Kasner aber mit großer Skepsis, weil es wohl schon zuviele Verzögerungen gab.