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      schrieb am 19.04.08 20:01:45
      Beitrag Nr. 1 ()
      Am Donnerstag kam folgende Meldung:

      Nevoro to Acquire Aurora Metals (BVI) Limited and its Stillwater PGE-Nickel-Copper-Cobalt-Chromite Project
      Thursday April 17, 2:43 pm ET


      TORONTO, ONTARIO--(Marketwire - April 17, 2008) - Nevoro Inc. ("Nevoro") (TSX:NVR - News) announced today that Nevoro and Aurora Metals (BVI) Limited ("Aurora") (OTCBB:AURMF.OB - News) have entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which Nevoro will acquire 100% of the common shares of Aurora through a court-approved plan of arrangement (the "Arrangement"). Certain shareholders, the owners of approximately 51.3% of the outstanding common shares of Aurora, have entered into voting agreements with Nevoro, pursuant to which they have agreed to, among other things, vote their common shares in favour of the Arrangement.
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      Highlights

      - Aurora's Stillwater Project consists of 221 claims totaling 4,578 acres (1,853 hectares) in North America's largest platinum group element ("PGE") mineral district, adjacent to the Stillwater palladium-platinum mine. (See "Location Map").

      - The Stillwater Project has early-to advanced-stage Ni, Cu, Co, PGE and chromite exploration targets and historic resources (see "Stillwater Project" and "Historic Technical Information" below).

      - There is potential to upgrade existing mineralization and complete a current NI 43-101 resource estimate within reasonable time frames.

      - The Stillwater Complex has the largest identified chromite deposit in the Western Hemisphere, according to the United States Geological Survey Open File Report 2001-381, entitled Chromium, by Papp and Lipin, 2001.

      Terms of the Acquisition

      The acquisition will be completed by way of a court-approved plan of arrangement whereby each Aurora common share will be cancelled and the holders thereof will receive for each share one Nevoro common share, which represents a value of approximately C$0.495 per share based upon the closing price of Nevoro common shares on the Toronto Stock Exchange on April 16, 2008. There are currently 75,163,584 Nevoro common shares outstanding and 19,981,476 Aurora common shares outstanding. Upon the completion of the proposed Arrangement current Nevoro shareholders would own approximately 79% of Nevoro and current Aurora shareholders would own approximately 21% of Nevoro.

      The completion of the Arrangement is subject to a number of conditions precedent, including that Aurora continue from the jurisdiction of the British Virgin Islands into the Province of British Columbia in order for the arrangement to be completed under British Columbia law. The arrangement is subject to additional customary conditions precedent, including that the parties shall have complied with all covenants and obligations under the Arrangement Agreement and that the Arrangement is approved by at least 2/3 of the Aurora shareholders attending, in person or by proxy, the shareholders meeting. Aurora shareholders holding 51.3% of the issued and outstanding shares have agreed to support the transaction. The Arrangement is also subject to approval of the Toronto Stock Exchange. The transaction is expected to close on or before July 31, 2008.

      In addition to the Arrangement Agreement, Nevoro and Aurora have executed a grid note (the "Note") under which Aurora can receive advances up to C$500,000, in the aggregate, from Nevoro. The advances will be secured by a mortgage of Aurora's interest in the Stillwater Project and are subject to an interest rate equal to the Prime Rate, as quoted by the Royal Bank of Canada, plus 2% per annum. The Note can be called on 90 days notice, but in any event, no later than January 1, 2009, by Nevoro and can be satisfied, at Nevoro's option, in part or in full by the issuance of common shares of Aurora, the value of each common share issued shall be the lesser of (i) C$0.03 and (ii) 75% of the previous 20-day volume weighed average trading price of the common shares of Aurora at such time.

      Commenting on the proposed transaction, William Schara, President and CEO of Nevoro said, "The supply and demand fundamentals for platinum, palladium and chromite are strong and have led to record prices. Furthermore, current power supply problems in South Africa could add to this situation. The Stillwater Project is an advanced exploration project with lower political risks compared to those in South Africa."

      Stillwater Project

      Currently, Aurora controls 4,578 acres (1,853 hectares) of patented and unpatented claims immediately adjacent to the Stillwater mine, operated by the Stillwater Mining Company, a PGE mine located in south-central Montana, USA. The Stillwater mine is currently the world's highest-grade and third largest PGE producing operation. Aurora's claims have previously been successfully explored for Ni-Cu+/-Co and chromite deposits, and they host many PGE indications or occurrences, but they have never been systematically explored for PGE.

      The Stillwater Project is underlain by the Stillwater Complex, an Archean layered mafic-ultramafic magmatic intrusive body of unknown total size, exposed over an area of only 47 by 8 km and tilted on edge, but otherwise very similar to the Bushveld Complex of South Africa. The Stillwater Complex, like the Bushveld Complex, contains significant deposits of layered (stratiform) PGE, Ni-Cu-Co and Cr hosted in a series of distinct lithologic sequences. In the Stillwater Complex, Aurora's claims cover major strategic parts of the two lower mineralized lithologic sequences beneath the host sequence for the Stillwater Mine in the intensely mineralized eastern end of the Stillwater Complex.

      To view the Location Map, please visit the following link: http://media3.marketwire.com/docs/NVRMAP.pdf

      PGE in the Ultramafic Series - Aurora's claims cover portions of 17 km of strike in the Ultramafic Series and Basal Series rocks underneath the Lower Banded Series, which is host to the J-M Reef and the Stillwater mine. According to Stillwater Mining Company's ("Stillwater Mining") 2007 year-end results news release, the Stillwater mine produced 537,500 ounces of PGE at an average head grade of 0.52 oz./ton (17.8 g/t) from the J-M Reef in 2007. This reef, with a 40 km strike length, is considered to be an analog of the lower-grade, Merensky Reef in the Bushveld Complex. The news release stated that reserves for the J-M Reef were 40 million tons containing approximately 21.2 million ounces of Pd and Pt at the end of 2007.

      The Ultramafic Series beneath J-M Reef horizon is a chromitite-bearing unit analogous to the host sequence for the UG2 Reef in the Bushveld Complex. An increasingly significant portion of PGE production from the Bushveld Complex now comes from the UG2 Reef, which underlies the historically better-known Merensky Reef. The UG2 Reef is about 0.6 m thick and contains 8 to 9 g/t PGE. In the Stillwater Complex, the Ultramafic Series beneath the well-known productive J-M Reef horizon contains 13 laterally extensive chromitite seams, of which the two lowermost seams, the "A" and "B" chromitites, comprise promising PGE target horizons markedly similar to the UG2 Reef of the Bushveld Complex.

      The PGE-bearing "A" and "B" chromitite seams on Aurora's properties have been sampled only sporadically by trenching and limited drilling. The seams vary from less than 1 m up to 3m or more in thickness, with the widths and grades apparently increasing gradually down-dip into an as-yet untested primary magmatic basin developed during emplacement of the Stillwater Complex. In the Stillwater Complex, as in the Bushveld Complex, PGE grades typically increase as the mineralized seams (reefs) thicken into troughs or basins thought to be products of magmatic thickening caused by structural subsidence in the floor of the magma chamber.

      In the Crescent Creek area, approximately 10 km west of the Stillwater River, Aurora's claims cover 3.7 km of strike along the "A" and "B" chromitite seams. Limited surface channel sampling conducted by Anaconda Company ("Anaconda") in 1979 indicates the presence of anomalous PGEs over narrow widths in these two seams. Some of the better samples include:




      True Pt Pd Pt+Pd
      Width (m) (g/t) (g/t) (g/t) Comments
      --------------------------------------------------------------------------
      0.92 0.94 1.80 2.74 Lower or middle part of A Chromitite
      0.58 0.52 2.02 2.54 Upper (?) part of the A Chromitite
      0.64 0.63 3.44 4.06 Upper part of "A" Chromitite
      0.58 1.22 3.14 4.36 Lower part of "A" Chromitite
      0.79 1.05 5.91 6.96 Lower and footwall parts of the "B"
      Chromitite
      0.24 1.12 5.71 6.83 Lower part of the "B" Chromitite
      0.37 1.84 4.75 6.59 Lower part of the "B" Chromitite
      0.64 1.03 2.81 3.84 Upper part of the "B" Chromitite
      0.85 2.30 5.26 7.56 Lower part of the "B" Chromitite
      0.40 1.36 4.51 5.87 Upper part of the "B" Chromitite
      1.10 3.60 5.43 9.03 Lower part of the "B" Chromitite
      1.83 0.80 1.97 2.77 "B" Chromitite
      0.76 2.55 2.55 5.10 Basal part of "B" Chromitite
      --------------------------------------------------------------------------


      Historical drilling at Crescent Creek by Anaconda, in the late 1980s, and by Chrome Corporation of America in the late 1990s totals about 20 shallow (less than 150 m depth) small-diameter core holes. All of these historical holes reportedly intersected anomalous PGE over narrow widths (generally 1 m or less). A listing of the historical information regarding this drilling will be available on Nevoro's website (www.nevoro.com). The four best holes are as follows:




      True Width Pt Pd Rh Total
      Drill Hole (m) (g/t) (g/t) (g/t) PGE (g/t)
      ----------------------------------------------------------------
      CC-79-4 0.30 12.50 14.20 0.00 26.70
      CC-79-6A 1.50 1.40 2.98 0.00 4.38
      WF-87-4 1.80 1.75 3.48 0.48 4.71
      WF-87-2 0.55 1.29 3.33 0.29 4.91
      and 0.10 5.50 4.30 1.50 11.30
      ----------------------------------------------------------------


      Three of the historical Crescent Creek holes were drilled on a single section to examine the "B" Chromitite seam at increasing depth. The results indicate a progressive thickening of the seam down-dip over a 65 m interval accompanied by a systematic increase in Pt, Pd, and Rh values. This may represent thickening into a primary magmatic basin, similar to that observed in the Bushveld Complex where thickened stratigraphy is often associated with increased grades and widths of PGE mineralization. The rhodium (Rh) values in the Crescent Creek area are particularly interesting, with an average Pt:Pd:Rh ratio of approximately 4:10:1, generally similar to the 4:7:1 ratio in the UG2 Reef in the Bushveld Complex. The high rhodium content is especially encouraging considering this rare element is currently valued in the $8,500 to $9,500 per ounce range.

      In the Mouat Mine area, approximately 2 km west of the Stillwater River, the PGE-bearing "A" and "B" chromitite seams crop out sporadically along 2.5 km of strike. These two seams in this area are potentially important PGE exploration targets, but they have not been adequately tested by surface sampling or drilling. Locally, the "B" chromitite seam in this area exceeds 2.3 m in width. Several trench samples collected along a 360 m long outcrop exposure of the "B" seam average 2.49 g/t PGE, with one very narrow interval (0.12 m) containing 2.8 g/t Pt, 6.4 g/t Pd, 0.9 g/t Rh and 0.6 g/t Ru. Only one hole (drilled in 1988) has ever been drilled in this area to test the "B" seam at depth, but this hole failed to intersect the seam due to unexpected fault complications.

      In the Nye Basin area, immediately east of the Stillwater River, the PGE-bearing "A" and "B" chromitite seams extend for at least another 4 km along strike. This area has been scarcely tested for PGE. In 1985, Anaconda drilled five shallow, small-diameter core holes in the "A" and "B" chromitite zones to satisfy annual claim assessment requirements, but none of these holes was assayed for PGE and the cores were subsequently misplaced.

      Ni-Cu-Co+/-PGE in the Basal Series - Aurora's claims also include more than 12 total km of strike of the Basal Series, which underlies the Ultramafic Series. In the 1960s and 1970s, Anaconda explored this sequence in the Mouat Mine area, 2 km west of the Stillwater River, with a grid of 127 closely spaced core holes, totaling more than 33,000 m, and 500 m of underground development.

      This work defined a published historical resource estimate (1987) of 92 million tons grading 0.27% Ni and 0.29% Cu, using a 0.2% Ni cutoff, or 23 million tons grading 0.62% Ni and 0.45% Cu, using a 0.4% Ni cutoff. These are historical resource estimates only and not current resources as defined by NI 43-101 (see "Cautionary Statement" below). Nickel and copper prices at the time were both less than $1.00 per pound. No systematic sampling was done for PGE.

      Anaconda also tested continuity of Ni-Cu mineralization in the Basal Series east of the Stillwater River along 5 km of strike in the Nye Basin-Benbow areas. They drilled a series of 32 widely spaced drill holes (6,450 m), of which 25 successfully intersected the correct magmatic stratigraphy. All 25 of these historical holes were mineralized, collectively averaging 0.6% Ni, 0.5% Cu and 0.06% Co over drill widths of 2 to 30 m, with individual holes ranging from 0.3% to 1.0% Ni, 0.2% to 1.0 % Cu, and 0.04% to 0.09% Co. A listing of the historical information regarding this drilling will be available on Nevoro's website (www.nevoro.com). Eleven of the historical holes - principally those located close to transverse faults which cut across the stratigraphy - intersected multiple stratiform mineralized zones. Six of the better historical drill intercepts include:




      Drill Hole Interval (m) True Thickness (m) Ni (%) Cu (%) Co (%)
      --------------------------------------------------------------------------
      NB-19 234.4 - 246.0 11.6 0.58 0.36 0.04
      NB-13 84.1 - 98.7 14.6 0.70 0.49 NA
      NB-20 85.3 - 98.4 13.1 0.74 0.49 NA
      NB-17 30.5 - 37.5 7.0 0.71 1.02 0.05
      NB-17A 227.5 - 234.2 6.7 0.80 0.57 0.08
      NB-10 87.2 - 110.7 23.5 0.44 0.65 NA
      --------------------------------------------------------------------------


      Historical estimates of mineralization published by the United States Geological Survey (1987) for the Nye Basin area are in the range of 70 to 90 million tons grading 0.6 to 0.8% Ni and 0.6 to 0.8% Cu, and for the Benbow mine area are 10 to 20 million tons at 0.4 to 0.5% Ni and 0.5 to 0.6% Cu. These are conceptual exploration targets and not resources (see "Cautionary Statement" below).

      The core from these Ni-Cu+/-Co zones was subsequently consumed in metallurgical testing and never assayed for PGE. However, Anaconda did electron-probe microanalysis of a single sulfide concentrate sample from hole # NB-17A in their Tucson laboratory on a few grains each of pyrrhotite (iron sulfide), chalcopyrite (iron-copper sulfide), and cobaltiferous pentlandite (iron-nickel-cobalt sulfide). The actual concentration factor is unknown, but because the sample was reportedly taken from massive to semi-massive sulfide interval containing 50% or more sulfide minerals, the sulfide concentrate was presumably about 2 times. The average PGE tenor of the three sulfide phases in the concentrate are as follows:




      - pyrrhotite (6 grains probed): 1.60 oz/t Pt, 1.36 oz/t Pd
      - chalcopyrite (3 grains probed): 2.62 oz/t Pt, 1.07 oz/t Pd
      - cobaltiferous pentlandite (2 grains probed): 3.21 oz/t Pt, 2.62 oz/t Pd


      These results provide encouraging evidence of possible PGE enrichment and suggest that the Ni-Cu+/-Co zones in the Nye Basin--Benbow areas should be systematically explored for PGE.

      (Cautionary Statement: The technical information presented above, including resource estimates, is historical. Nevoro has not done sufficient work to classify the historical estimates as current "mineral resources" or "mineral reserves" as defined in NI 43-101, nor is Nevoro treating the historical estimates as current mineral resources or mineral reserves. Nevoro has not verified the scientific and technical information disclosed, including sampling, analytical and test data underlying such information, because such scientific and technical information was not prepared by Nevoro. The historical estimates should not be relied upon. Nevoro considers that these historical estimates provide a conceptual indication of the potential quantity and grade of the mineral resources on the property. There has been insufficient exploration to define any mineral resource and it remains uncertain if further exploration will result in the target of such exploration being delineated as a current mineral resource.)

      Chromite in the Ultramafic Series - Aurora's claims in the Ultramafic Series, beneath the Lower Banded Series which hosts the Stillwater Mine, include two major chromitite seams, "G" and "H", which contain four massive chromite deposits of possible commercial importance. Two of these deposits, Mountain View and Benbow, are sites of historic mines responsible for a significant portion of the United States' chrome supply during World War I and II and the Korean War. These two deposits plus two other drill-defined deposits, Benbow East and Nye Basin, contain substantial amounts of chromite consistently similar in grade and thickness to that historically produced.

      Extensive studies, including drilling and underground exploration, done by Chrome Corporation of America and others in the decades since the Korean War demonstrate in-place historical resources of 14 million tons of 23% Cr2O3 at the Mountain View mine, 21 million tons of 22% Cr2O3 at the Benbow mine, 9 million tons of 20% Cr2O3 in the Benbow East deposit, and 6 million tons of 22% Cr2O3 in the Nye Basin deposit. In 1986--87, Chrome Corporation of America completed an exhaustive four-volume feasibility study of the Mountain View deposit as a prelude to opening a 132,000 ton/yr high-carbon ferrochrome operation, but the project was subsequently abandoned due to lack of funding. No work has been done since. Collectively, these four deposits represent the largest historical chromite resource presently known in North America. They have had only limited sampling for PGE.

      (Cautionary Statement: The technical information presented above, including resource estimates, is historical. Nevoro has not done sufficient work to classify the historical estimates as current "mineral resources" or "mineral reserves" as defined in NI 43-101, nor is Nevoro treating the historical estimates as current mineral resources or mineral reserves. Nevoro has not verified the scientific and technical information disclosed, including sampling, analytical and test data underlying such information, because such scientific and technical information was not prepared by Nevoro. The historical estimates should not be relied upon. Nevoro considers that these historical estimates provide a conceptual indication of the potential quantity and grade of the mineral resources on the property. There has been insufficient exploration to define any mineral resource and it remains uncertain if further exploration will result in the target of such exploration being delineated as a current mineral resource).

      Other Potential PGE Targets - Aurora's claims have other potential, but untested, PGE targets. These include the Volatile Enriched Zone ("VEZ"), at the very top of the Ultramafic Series, and scattered dunite bodies of unknown size, which cross-cut stratigraphy of the two lower lithologic sequences and may represent the feeders to PGE mineralization in the J-M Reef.

      Historical Technical Information

      Technical information contained herein, including resource calculations, is based on "historical estimates" as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Nevoro is not treating the historical estimates as current mineral resources or mineral reserves and has not verified scientific and technical information disclosed, including sampling, analytical and test data underlying such information, because such scientific and technical information was not prepared by Nevoro. The historical estimates should not be relied upon. Nevoro considers that these historical estimates provide a conceptual indication of the potential quantity and grade of the mineral resources on the property. There has been insufficient exploration to define any current mineral resource and it remains uncertain if further exploration will result in the target of such exploration being delineated as a current mineral resource.

      Aurora Agreements

      In January and February of 2004, Aurora acquired its interest in the Stillwater Project by entering into two arms' length lease agreements covering patented and unpatented claims in the Stillwater Complex. The Mountain View Lease agreement covering 77 unpatented claims and one patented claim totaling 1,719 acres (695 hectares), has a primary term of ten years from the date of execution and is extendable for a further five years upon payment of Advance Royalties of US$50,000 to the lessors under the Mountain View Lease (the "Mountain View Lessors"). Aurora is responsible for payment of annual fees, to the U.S. Bureau of Land Management ("BLM"), for the unpatented claims and property ownership taxes on patented claims. A Net Smelter Return royalty ("NSR") of 2%, less milling, refining, smelting and transportation costs, will apply to all products from mining operations. Advance Royalties of US$500,000 are payable to the Mountain View Lessors at commencement of construction of a mine.

      The Basal Zone Lease agreement covering 26 unpatented claims and 34 patented claims totaling 1,248 acres (505 hectares), has a primary term of ten years from the date of execution, extendable for a further five years. Aurora is responsible for payment of annual fees, to the BLM, for the unpatented claims and ownership taxes on patented claims. Aurora is responsible for paying the lessors under the Basal Zone Lease a monthly fee of US$500 on the first anniversary of the Agreement, US$1,000 per month on the second anniversary, US$1,500 per month on the third anniversary, and US$2,000 per month from the sixth anniversary and subsequently for the term of the Agreement. An NSR of 2%, less milling, refining, smelting and transportation costs, will apply to all products from mining operations.

      PGE Markets

      PGE prices have been increasing in the last few years, particularly since recent production from South Africa has seen disruptions. Mine accidents, weather problems, labour disruptions along with the now well-publicized power shortages and outages have impaired production in South Africa. According to Johnson Matthey, South Africa supplied 78% of the world's platinum and 34% of the world's palladium in 2007.

      The qualified person under NI 43-101 responsible for reviewing all technical data reported in this news release is Mr. Mel Klohn, M.Sc., L.P. Geo., a director of Nevoro Inc.

      About Nevoro Inc.

      Nevoro is a TSX-listed exploration and development company focused on the discovery of precious and base metals in the western USA. In addition to the planned purchase of Aurora Mining (BVI) Limited and advancement of its Stillwater PGE-nickel-copper-cobalt-chromite project, Nevoro holds 13 projects in Nevada and Idaho, 11 of which are wholly owned or optioned and two are leased to third parties. Nevoro intends to advance the Stillwater Project, seek additional advanced stage opportunities and continue drilling programs at its St. Elmo, Dome Hill, Silver King and Cross projects in the spring.

      CAUTIONARY STATEMENT: This press release contains certain forward-looking information, including future oriented financial information. This information relates to future events or future performance and reflects management's expectations and assumptions regarding the growth, results of operations, performance and business prospects and opportunities of Nevoro. Such forward-looking information reflects management's current beliefs and is based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information in this new release includes but is not limited to, completion of the arrangement, economic performance of Nevoro and of the combined company, statements regarding potential mineralization and reserve explorations and future plans and objectives of Nevoro, including exploration and development. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive.

      In addition, in evaluating this information, investors should specifically consider various factors, including risk factors which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward looking information.



      Contact:
      William Schara
      Nevoro Inc.
      President & CEO
      (416) 363-8238 ext. 224
      Email: wschara@nevoro.com

      Steven Dawson
      Nevoro Inc.
      Vice President, Corporate Development
      (416) 363-8238 ext. 222
      Email: sdawson@nevoro.com
      Website: www.nevoro.com
      Avatar
      schrieb am 19.04.08 20:03:22
      Beitrag Nr. 2 ()
      Nevoro verfügt über ein Top-Management-Team, u.a. ist der Gründer von Yamana Gold mit dabei!
      Avatar
      schrieb am 19.04.08 20:06:53
      Beitrag Nr. 3 ()
      Avatar
      schrieb am 19.04.08 20:09:10
      Beitrag Nr. 4 ()
      Das interessante an diesem Deal:

      Für eine Aurora Metals, aktueller Kurs 0,40 USD, erhält man eine Nevoro! Aktueller Kurs 0,60 CAD

      USD zu CAD ca. 1:1

      Daraus alleine ergibt sich schon eine 50% Chance!
      Avatar
      schrieb am 19.04.08 20:11:23
      Beitrag Nr. 5 ()
      Nevoro hat sich vor dem Deal das Stillwaterprojekt genau angeschaut!

      In den nächsten Wochen werden erste interessante Ergebnisse veröffentlicht!

      Trading Spotlight

      Anzeige
      Kurschance genau jetzt nutzen?mehr zur Aktie »
      Avatar
      schrieb am 19.04.08 20:12:45
      Beitrag Nr. 6 ()
      DIRECTORS
      William Schara, President, CEO & Director
      Washington, USA
      Mr. Schara brings to Nevoro more than 25 years experience in finance and accounting with extensive experience in business start-ups, international business, and managing public companies and mining company joint ventures. Most recently Mr. Schara was the Chief Financial Officer of Minera Andes Inc., a TSX-listed development stage mining company. Previous to this position he spent eight years at Yamana Resources (now Yamana Gold), the last four years of which were as Vice President, Finance and Chief Financial Officer. He serves on the boards of two other publicly listed mining companies. Mr. Schara is a native of Butte, Montana, a Certified Public Accountant and has a Bachelor of Science Degree in Accounting from Marquette University.

      Victor H. Bradley, Executive Deputy Chairman
      Ontario, Canada
      Mr. Bradley was the Founder, President, Chief Executive Officer of Yamana Resources Inc., renamed Yamana Gold Inc. in 2003. Mr. Bradley is also the Founder of Aura Gold Inc., renamed Aura Minerals Inc. in 2007, and Nevoro Inc. Currently, Mr. Bradley is Chairman of Osisko Exploration Ltd. and AIM Resources Limited and sits on the boards of several resource companies including Yamana Gold Inc., Frontier Pacific Mining Corporation and Castillian Resources. Mr. Bradley is a Chartered Accountant with over 40 years experience in the minerals industry, holding senior financial and executive positions with a wide range of mining and exploration companies.
      Avatar
      schrieb am 19.04.08 20:15:05
      Beitrag Nr. 7 ()
      Da sind keine Idioten am Werk! Legen umgerechnet 12 Mio USD für das Projekt auf den Tisch!
      :eek:
      Avatar
      schrieb am 19.04.08 20:16:55
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 33.926.630 von Aurorabulle am 19.04.08 20:15:05Das sollte einiges über das Potential des Projektes aussagen! Aus Firmendunstkreisen war zu hören, das Potential sei enorm! Schaun mer mal..............
      :cool:
      Avatar
      schrieb am 19.04.08 20:17:54
      Beitrag Nr. 9 ()
      Avatar
      schrieb am 19.04.08 20:20:55
      Beitrag Nr. 10 ()
      Nevoro ist in Toronto notiert, also kein OTC-gezocke und in Deutschland wohl ziemlich unbekannt!

      www.tsx.com/HttpController?GetPage=QuotesLookupPage&Detailed…
      Avatar
      schrieb am 19.04.08 20:27:58
      Beitrag Nr. 11 ()
      Aurora Metals ging aus einem Spin off aus Aurora Gold hervor. Das Stillwater-Projekt sollte ursprünglich von einer anderen Gesellschaft exploriert werden. Die konnten aber die Mittel dafür nicht aufbringen, so dass alle Rechte wieder an Aurora Metals zurück gegangen sind. Erst dadurch konnte der Deal mit Nevoro eingefädelt werden!
      Nevoro hat im Dezember das Projekt beprobt und gab nun grünes Licht. Über Aurora Metals (0,40 USD) kommt man günstig an Nevoro (0,60 CAD) heran.

      Management dürfte über jeden Zweifel erhaben sein!
      Siehe Entwicklung Yamana Gold!
      Avatar
      schrieb am 19.04.08 22:59:42
      Beitrag Nr. 12 ()
      :cool:
      Avatar
      schrieb am 19.04.08 23:37:10
      Beitrag Nr. 13 ()
      mal einfach ergänzend :)

      Presentation
      www.nevoro.com/files/nevoro.pdf
      Avatar
      schrieb am 21.04.08 19:56:27
      Beitrag Nr. 14 ()
      Nevoro liegt stabil bei 0,60 CAD und Aurora nähert sich dem 1:1 an.
      So ist es recht!
      :cool:
      Avatar
      schrieb am 22.04.08 21:10:50
      Beitrag Nr. 15 ()
      Wird weiter fleissig eingesammelt, immerhin sind die Metals ja aktuell 0,59 USD wert.
      :cool:
      Avatar
      schrieb am 24.04.08 20:03:21
      Beitrag Nr. 16 ()
      Market Regulation Services - Trading Halt - Nevoro Inc. - NVR
      Thursday April 24, 1:13 pm ET


      TORONTO, April 24 /CNW/ - The following issues have been halted by Market Regulation Services (RS):

      Issuer Name: Nevoro Inc.
      TSX Ticker Symbol: NVR
      Time of Halt: 1:03 pm
      Reason for Halt: Pending News

      Da sind wir doch mal gespannt!

      :lick:
      Avatar
      schrieb am 24.04.08 20:34:54
      Beitrag Nr. 17 ()
      Möchte nur daran erinnern: Für eine Aurora Metals gibt es demnächst eine Nevoro im Austausch. Sollte Nevoro jetzt ne super News bringen, dann haben wir hie ne Option darauf!
      Nevoro zuletzt 0,61 CAD, Aurora Metals (AURMF.OB) 0,42-0,43 USD

      ;)
      Avatar
      schrieb am 24.04.08 22:04:27
      Beitrag Nr. 18 ()
      Hm, Nevoro gibt Gas!

      Press Release Source: Nevoro Inc.


      Nevoro to Acquire Sheffield Resources Ltd. and the Moonlight Copper Project With Current NI 43-101 Copper, Gold and Silver Resources
      Thursday April 24, 3:00 pm ET


      TORONTO, ONTARIO--(Marketwire - April 24, 2008) - Nevoro Inc. ("Nevoro") (TSX:NVR - News) is pleased to announce that it has entered into an agreement to acquire all of the issued and outstanding shares of Sheffield Resources Ltd. (TSX VENTURE:SLD - News; "Sheffield"). Nevoro will issue 0.8 shares for each Sheffield share. Currently, Sheffield has 35,422,497 shares issued and outstanding.
      ADVERTISEMENT


      Sheffield's principal asset is the advanced-stage Moonlight Copper project located 140 km northwest of Reno, Nevada in Plumas County, California. The Moonlight Copper project is a 100%-owned 6,857 acre porphyry-Cu and Cu-oxide property with current NI 43-101 compliant indicated resources of 161.57 million tons averaging 0.324% Cu (at 0.2% Cu cutoff), 0.003 oz./ton Au and 0.112 oz./ton Ag, plus inferred resources of 88.35 million tons averaging 0.282% Cu, 0.003 oz./ton Au and 0.089 oz./ton Ag.

      Additionally, Sheffield has an option to acquire the 9,161-acre, early-stage, Golden Loon Ni-Co-PGE-Au property, 80 km north of Kamloops, British Columbia. Historical exploration - limited drilling, geochemistry and geophysics - has identified encouraging Ni-Co and PGE mineralization in ultramafic rocks that underlie the property (Sheffield news release, March 6, 2007).

      Terms of the Acquisition

      According to the agreement, each Sheffield common share will be cancelled and the holders thereof will receive for each share 0.80 of one Nevoro common share, which represents a value of approximately C$0.48 per share based upon the closing price of Nevoro common shares on the Toronto Stock Exchange on April 23, 2008. Holders of common share purchase warrants of Sheffield, in accordance with the terms of such warrants, in lieu of Sheffield's shares, shall receive upon the subsequent exercise of such holder's Sheffield Warrant, 0.80 of one Nevoro Share. Each holder of an outstanding Sheffield stock option, in accordance with the terms of the Sheffield stock option ("Sheffield Option") plan, shall receive an option to acquire the number of Nevoro Shares equal to the product of: (i) the number of Sheffield Shares subject to the Sheffield Option immediately before the closing, and (ii) 0.80 of one Nevoro Share, the exercise price per Nevoro Share shall be an amount equal to the quotient of (A) the exercise price per Nevoro Share subject to such Sheffield Option immediately before closing divided by (B) 0.80.

      Currently, Nevoro has 75,163,585 common shares outstanding and Sheffield has 35,422,497 shares issued and outstanding. Nevoro announced on April 17, 2008 a plan of arrangement to acquire 100% of Aurora Metals (BVI) Limited ("Aurora") (OTCBB:AURMF - News) 19,981,476 issued and outstanding shares at an exchange ratio of 1 for 1 share. Upon the closing of both acquisitions Nevoro, will have 123,483,058 issued and outstanding common shares and Nevoro's current shareholders will hold approximately 60.9%, Sheffield shareholders will hold approximately 22.9% of these shares, and Aurora shareholders will hold 16.2%

      On a fully diluted basis, there will be 148,525,022 shares outstanding with current Nevoro shareholder having approximately 59%, Aurora shareholders having approximately 13.4% and Sheffield shareholder having approximately 27.6%. Exercise of all of the outstanding warrants and options in each company will raise an additional $11.2 million in cash.

      The acquisition is subject to the completion of due diligence by Nevoro and the parties entering into a further definitive agreement providing specific mechanics for completing the transaction. The Board of Directors of Sheffield will recommend the transaction to the shareholders, having received an opinion from financial advisors to the effect that consideration to be received by Sheffield shareholders is fair from a financial point of view. The acquisition is also subject to all requisite regulatory approvals, third party consents, obtaining all Security holder approvals required by applicable laws and such other conditions as are customary in transactions of this nature.

      In addition to the agreement, Nevoro and Sheffield have agreed to a working capital funding to Sheffield by Nevoro by way of a secured grid promissory note (the "Grid Note") under which Sheffield can receive advances up to C$400,000, in the aggregate, from Nevoro. The advances will be secured by a mortgage of Sheffield's interest in the Moonlight Copper Project in Plumas County, California and are subject to an interest rate equal to the Prime Rate, as quoted by the Royal Bank of Canada, plus 2% per annum. The Note can be called on 90 days notice, by Nevoro and can be satisfied, at Sheffield's option, by the issuance of common shares of based on a conversion rate equal to the lower of: (i) 75% of the average closing price of Sheffield's common shares as listed on the Toronto Stock Exchange - Venture Exchange (the "TSX-V") for the 20 trading days immediately preceding the date of this Agreement; and (ii) 75% of the average closing price of Sheffield's common shares as listed on the TSX-V for the 20 trading days immediately preceding the effective date of conversion (being the 90th day after the date of demand), and subject to the acceptance of the TSX-V to these terms of conversion.

      Moonlight Project Current Mineral Resources

      The Moonlight project contains four advanced Cu-Au-Ag targets - Moonlight Valley, Engels Mine, Superior Mine Area and Copper Mountain.

      The most intensely explored is the Moonlight Valley deposit, which contains National Instrument ("NI") 43-101 compliant mineral resources defined by 199 historical core holes (30,300 m) and 14 recent confirmation core holes (3,400 m) as reported in "Technical Report and Resource Estimate on the Moonlight Copper Property, Plumas County, California for Sheffield Resources Ltd.", by George Cavey, P.Geo., and Gary Giroux, P.Eng, dated April 12, 2007 (the: "2007 Technical Report"), and filed on SEDAR (www.sedar.com). The current NI 43-101 mineral resources are as follows:




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

      ----------------------------------------------------------------------------
      Indicated Mineral Resource Inferred Mineral Resource
      --------------------------------------------------------------------
      Cut off Tons greater Au Ag Tons greater Au Ag
      (Cu %) than cutoff Cu (%) (oz/t) (oz/t) than cutoff Cu (%) (oz/t) (oz/t)
      ----------------------------------------------------------------------------
      0.20 161,570,000 0.324 0.003 0.099 88,350,000 0.282 0.003 0.089
      ----------------------------------------------------------------------------
      0.25 114,570,000 0.366 0.003 0.112 48,820,000 0.329 0.003 0.107
      ----------------------------------------------------------------------------
      0.30 76,150,000 0.413 0.003 0.124 23,720,000 0.390 0.003 0.118
      ----------------------------------------------------------------------------


      These indicated and inferred resources do not take into account the oxide mineralization drilled at the Moonlight Valley or the historic resources defined at the Superior Mine Area.

      The 2007 Technical Report notes that Placer recognized significant amounts of copper were lost during their drilling and because of this the copper grades estimated from the drilling - which are the grades used in the NI 43-101 resource estimation - are conservative and apparently understated. Sheffield's recent drilling recovered 44% more copper in their Moonlight Valley drill holes than in the adjacent Placer drill holes. Reasons offered for the historically understated drill grades include improper orientation of the historical drill holes, small BX-size core in the historical drilling resulting in very poor recoveries, loss of copper minerals in the historical drilling as confirmed by Placer's own comparison sludge sampling, possible analytical issues, and perhaps other items as well. This means that the Moonlight Valley deposit, which remains open at depth and along strike, is potentially larger than currently known and may also be potentially richer than indicated by the historical drilling.

      Commenting on the proposed transaction, William Schara, President and CEO of Nevoro said, "We are delighted with this acquisition. The Moonlight Project is a unique, district-sized advanced stage, pre-development project with established resources. These properties, combined with the properties we will acquire with the Aurora acquisition, will give Nevoro tremendous growth potential."

      Moonlight Project Background

      The Moonlight project ("Moonlight") is approximately 140 km northwest of Reno, Nevada, at the northern terminus of the Walker Lane Mineral Belt, in Plumas County, California (See Figure 1). It consists of 289 wholly owned contiguous unpatented mining claims, 8 optioned contiguous unpatented mining claims, 36 patented mining claims and 6 fee property claims - together comprising 6,857 acres (2,775 hectares, or almost 28 km2) of 100%-owned mineral rights.

      Please note: To view "Figure 1 - Moonlight Project Showing Copper Deposits with Location Inset Map", please visit the following link:

      http://media3.marketwire.com/docs/0424figure.pdf

      Moonlight is part of the Lights Creek mineral district within the Plumas Copper Belt, the second most productive copper region in the state and known for its many high-grade Cu-Au-Ag mines, largely inactive since the late 1930s. Moonlight includes two important historical producers, the Engels and Superior mines, which, from 1918 to 1930, jointly processed ore with 80% recoveries in the first all-flotation mill in the United States and produced more than 160 million pounds of copper, 23,000 ounces of gold and 1.9 million ounces of silver from ores averaging 2.2% Cu, 0.5 oz./ton Ag and 0.005 oz./ton Au.

      Placer Amex ("Placer") first explored the district in 1961 and during the following ten years spent more than US$6 million (equivalent to about $35 million today) in mapping, geophysics, geochemistry and diamond core drilling (greater than 43,000 m). At least seven different potential open-pit copper targets were explored in some detail, with historical resources successfully defined on three of these targets. Placer put the project on hold in 1971 due to declining metal prices but maintained the ground for another 23 years (until 1994), during which time Placer Amex became Placer Dome with focus changed to gold.

      Sheffield acquired the project in 2004 and from late-2005 to early-2007 drilled 14 large-diameter (HQ-size) core holes (3,400 m) to verify historical grades and resources on two of the targets. An initial NI 43-101 Technical Report on Moonlight was completed in March 2005, followed by a second Technical Report in April 2007, which includes the NI 43-101 Resource Estimates for the Moonlight Valley deposit listed above. Sheffield has since drilled 15 reverse circulation holes to confirm an additional oxide copper historical resource at the Moonlight Valley target and 32 diamond drill holes at the Engels mine target, a high-grade structurally-controlled copper zone 4.5 km east of the Moonlight Valley deposit.

      Moonlight Geology

      Mineralization on the Moonlight project is hosted by a large and complex Jurassic intrusive stock regionally located near the triple point junction of the Cascade, Sierra Nevada and Basin and Range provinces. The mineralization has been classified as a porphyry-copper type system but does not exhibit many features characteristic of these systems. Additionally, it is an unusual low-sulfide system containing only sparse amounts of acid-generating sulfide minerals such as pyrite.

      Copper mineralization is widespread over most of the 28 km2 Moonlight area, occurring as discrete large high-grade veins, veinlets and extensive disseminations in the wallrock between the veins. The wallrock alteration is far less conspicuous than typical porphyry-copper systems due to the paucity of acid-generating sulfide minerals, and many low-grade copper occurrences in the region have not been recognized in the past due to the lack of conspicuous surface alteration.

      The primary hypogene copper minerals at Moonlight consist mostly of bornite, chalcopyrite, and chalcocite which are associated with considerable amounts of magnetite and specular hematite. The secondary copper minerals - malachite, azurite, and chrysocolla - occur in the oxide zone, which extends from the surface to a depth of 50 m or more. The secondary minerals appear to be the products of in-situ oxidation of the primary copper minerals and not the products of supergene enrichment, which is of very limited extent. The lack of supergene enrichment is attributed to the lack of acid-generating primary sulfide minerals. The presence of abundant tourmaline, roof pendants, country rock clasts and other features offer evidence that the mineralization exposed on the project occurs near the roof of the intrusive complex, in which case the mineralization can be expected to persist to considerable depth.

      Moonlight Copper Targets

      Moonlight Valley

      Placer identified at least seven different targets, four of which were explored in some detail. The most intensively explored target is the Moonlight Valley sulfide deposit, which contains the previously mentioned mineral resources (see table above), which remains open laterally and to depth. Mineralization extends from the surface to a vertical depth of at least 600 m, which is the length of the deepest hole yet drilled on the target. This hole was mineralized throughout its length (averaging 0.185% Cu) and bottomed in 0.3% Cu. The limits of the deposit are unknown. Additionally, the historical work by Placer, and reconfirmed by Sheffield, indicates that the area also contains substantial near surface oxide copper mineralization, comprising a shallow copper target possibly amenable to low-cost SX-EW extraction. This oxide mineralization was not included in the resource reported in the 2007 Technical Report.

      Engels Mine

      The Engels mine, a historically important producer, located on private patented ground approximately 4.5 km east of Moonlight Valley. It is currently being drilled by Sheffield to define high-grade mineralization, which might be mined as a "fast-track" starter operation. Mineralization consists of high-grade bornite-chalcopyrite-magnetite occurring in a pipe-like body, 50 to 100 m wide, more than 200 m long, and extending over a vertical range of at least 700 m. Sheffield's recent 32-hole drilling program at Engels - reported in a news release dated March 18, 2008, available on SEDAR (www.sedar.com) - demonstrates high-grade oxide copper mineralization (typically 1% to 2%) from surface to depths of more than 200 m over intervals ranging from a few m up to 102 m.

      Superior Mine Area

      The Superior mine area, is on private patented ground approximately 3 km southeast of Moonlight Valley. It consists of a large stockwork of parallel high-grade bornite-chalcopyrite-magnetite veins from 2.5 to 6.0 m thick and separated by 30 to 120 m of wallrock containing disseminated copper in the 0.3% to 0.8% range. Placer examined Superior as a possible open-pit target, drilling 96 core holes to an average depth of 160 m and estimating an historical resource of 43 million tons grading 0.56% Cu (with a 0.3% Cu cutoff), as summarized in the 2007 Technical Report. Although these historical resources are considered relevant, they do not follow the requirements for reserve and resource estimations outlined in NI 43-101 and should therefore not be considered current. Not included in these historical resources are substantial quantities of higher grade material remaining in the Superior mine underground workings below open-pit depth. The configuration of mineralization, rock quality and the abundant mine workings could make the Superior deposit amenable to very low cost underground mining methods.

      Copper Mountain

      Copper Mountain is one km southeast of Moonlight Valley. Placer drilled 24 vertical holes (3,670 m) on this target, reportedly intersecting significant intervals of 0.3 to 0.4 % Cu to depth.

      Other Targets

      Other targets partially tested by Placer, but not yet tested by Sheffield, include Moonlight South, a possible high-grade target in or beneath a large pendant of metavolcanic country rocks which overlies the southwest-plunging Moonlight Valley porphyry system. The pendant contains widespread specular hematite, quartz veinlets and scattered copper oxides, possibly representing an alteration-mineralization halo above a high-grade zone trapped within or beneath the pendant, a situation generally analogous to that reported from some important districts such as Pebble, Alaska, and Oyu Tolgoi, Mongolia. Three grab samples collected by Sheffield from the dump of the collapsed Ruby mine located within this pendant averaged 5.28% Cu, 1.87 g/t Au and 211 g/t Ag. Other outlying targets of future interest include Sulphide Ridge, Gossan Ridge, Blue Copper and others.

      Moonlight Project Exploration Upside

      The Moonlight project is underlain by an intrusive complex of large size, extending to unknown depth, and contains high-grade structurally controlled mineralization associated with an unusual low-sulfide type of disseminated mineralization that could easily be overlooked in reconnaissance examinations. The copper mineralization is widespread over an area of at least 30 km2, within which several targets of promising size and grade have already been defined, and other targets have been identified which warrant additional exploration.

      It is Nevoro's intention to accelerate the work underway by Sheffield in order to rapidly advance and expand the Moonlight Valley resource. The exploration target objective is a 400 to 600 million tonne copper deposit grading 0.4 to 0.6% Cu, however these potential quantities and grades are conceptual in nature. The historical and current exploration work done to date are insufficient to define this target and it is uncertain if further exploration will result in the discovery of any mineralization of economic importance.

      Nevoro also plans to: (a) continue defining the potential SX-EW amenable, high-grade oxide copper mineralization on the Moonlight Valley and Engels targets; (b) advance the high-grade Superior target to a possible resource stage; and (c) explore and advance the several other scarcely tested copper targets on the project and in the surrounding region.

      The qualified person under NI 43-101 responsible for reviewing all technical data reported in this news release is Mr. Mel Klohn, M.Sc., L.P. Geo., a director of Nevoro Inc.

      About Nevoro Inc.

      Nevoro is a TSX-listed exploration and development company focused on the discovery of base and precious metals in the western USA. In addition to the planned purchase of Sheffield Resources Ltd. and the Moonlight Copper Project, Nevoro intends to advance the Stillwater project by upgrading and enhancing the historical, NI 43-101 resources. Nevoro also holds 13 gold projects in Nevada and Idaho.

      CAUTIONARY STATEMENT: All statements, other than historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of Nevoro, constitute "forward looking statements" within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the date of this news release. Such "forward looking statements", reflects management's current beliefs and is based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "intention" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes but is not limited to, completion of the acquisition, economic performance of Nevoro and of the combined company, statements regarding potential mineralization and resource, explorations and future plans and objectives of Nevoro, including exploration and development. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive. In addition, in evaluating this information, investors should specifically consider various factors, including risk factors, which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking information.



      Contact:
      William Schara
      Nevoro Inc.
      President & CEO
      (416) 363-8238 ext. 224
      Email: wschara@nevoro.com

      Steven Dawson
      Nevoro Inc.
      Vice President, Corporate Development
      (416) 363-8238 ext. 222
      Email: sdawson@nevoro.com
      Website: www.nevoro.com
      Avatar
      schrieb am 24.04.08 22:05:40
      Beitrag Nr. 19 ()
      Geld haben die Jungs ja genug verdient mit Yamana, das sollte also keine Rolle spielen. Was kommt als nächstes?
      :lick:
      Avatar
      schrieb am 24.04.08 22:28:38
      Beitrag Nr. 20 ()
      Hier zu einigen Bohrergebnissen von dem Moonlight Projekt!

      Sieht gut aus!

      www.sheffieldresources.com/drillinghighlights.html

      Da wächst was großes heran!

      :eek:
      Avatar
      schrieb am 24.04.08 22:34:44
      Beitrag Nr. 21 ()
      Für dies Ergebisse zahlt Nevoro einen Spotpreis.......


      Sheffield Intersects 71 Metres of 1.4% Copper at Surface
      Thursday March 6, 9:30 am ET


      VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 6, 2008 -- Sheffield Resources Ltd. ("Sheffield") (CDNX:SLD.V - News)(Frankfurt:S2Q.F - News) is pleased to report additional assay results from the diamond drilling, reverse circulation drilling and trench sampling programs at the Engels Mine Prospect and at the Moonlight Deposit, both of which are located on Sheffield's Moonlight Copper Project claims in Plumas County, California.


      --------------------------------------------------------------------
      COPPER GOLD SILVER LENGTH FROM TO
      DRILL HOLE (%) (gpt) (gpt) (metres) (metres) (metres)
      --------------------------------------------------------------------
      07-E-27 1.63 0.03 14.9 42.0 (137.8 ft) 12.0 54.0
      --------------------------------------------------------------------
      including 3.81 0.07 38.0 14.0 (45.9 ft) 36.0 50.0
      --------------------------------------------------------------------
      07-E-28 1.41 0.10 9.2 71.6 (234.9 ft) Surface 71.6
      --------------------------------------------------------------------
      including 2.17 0.02 18.3 26.0 (85.3 ft) 44.0 70.0
      --------------------------------------------------------------------
      07-E-29 0.50 0.08 5.3 6.0 (19.7 ft) Surface 6.0
      --------------------------------------------------------------------
      and 1.47 0.09 18.0 12.0 (39.4 ft) 14.0 26.0
      --------------------------------------------------------------------
      07-E-30 2.29 0.11 22.3 42.9 (140.7 ft) 12.0 54.9
      --------------------------------------------------------------------
      including 2.09 0.11 21.7 36.0 (118.1 ft) 12.0 48.0
      --------------------------------------------------------------------
      including 2.61 0.12 28.3 14.0 (45.9 ft) 16.0 40.0
      --------------------------------------------------------------------
      including 3.78 0.16 28.7 6.0 (19.7 ft) 48.0 54.0
      --------------------------------------------------------------------
      ADVERTISEMENT






      The current drill program is designed to define high-grade copper mineralization, which may in part be mined in the initial starter pit of a copper leach mine at the Moonlight Project. In the current program a total of 32 core holes have been drilled at the Engels Mine Prospect and a further 15 reverse circulation holes have been drilled in the Moonlight Deposit. Assays for two core holes have yet to be reported by the assay laboratory. Samples from the 15 reverse circulation holes were only recently submitted for assay. Sample material derived from the core and reverse circulation drill cuttings will be used this spring in a metallurgical program to begin characterization of the several types of mineralization recovered in this season's drill program. Silver and gold contained in the mineralization are highly unlikely to be recovered in a copper leach operation, but may contribute to revenue if some of the copper is recovered in a flotation concentrate.

      Dave Jenkins, Sheffield's President recently commented, "These drill results continue to expand the area of potentially economic mineralization starting at the surface at the Engels Mine prospect. The Engels' mineralization remains open for expansion to the north, west, south and to depth. We are particularly excited about these results from the Engels Mine Prospect during this period of rising copper prices. The near surface geometry, high grade and oxidation all indicate that this project has the potential to be fast tracked to feasibility at low cost." Photographs of the project can be found on Sheffield's website www.sheffieldresources.com.

      The drill holes reported herein are from the first modern drill program in the Engels Mine area, which is one of four principal target areas on the Moonlight Copper/Silver Project. A preliminary NI 43-101 compliant resource was reported in March 2007 for the adjacent Moonlight Deposit which also remains open to resource expansion laterally and to depth.



      PREVIOUSLY REPORTED HIGH-GRADE COPPER INTERCEPTS
      FROM THE ENGELS MINE PROSPECT AT MOONLIGHT PROJECT

      ---------------------------------------------------------------------
      COPPER GOLD SILVER LENGTH FROM TO
      DRILL HOLE (%) (g/t) (g/t) (metres) (metres) (metres)
      ---------------------------------------------------------------------
      07-E-1 2.95 0.14 23.6 54.0 (177.2 ft) Surface 54.0
      ---------------------------------------------------------------------
      07-E-2 2.54 0.05 22.1 44.0 (144.4 ft) Surface 44.0
      ---------------------------------------------------------------------
      07-E-3 2.99 0.09 27.9 28.0 (91.9 ft) Surface 28.0
      ---------------------------------------------------------------------
      07-E-4 3.71 0.07 43.2 37.8 (124.0 ft) Surface 37.8
      ---------------------------------------------------------------------
      including 10.1 0.18 125.3 12.0 (39.4 ft) 16.0 28.0
      ---------------------------------------------------------------------
      07-E-5 1.00 0.04 6.1 41.8 (137.1 ft) Surface 41.8
      ---------------------------------------------------------------------
      including 1.50 0.08 7.1 13.8 (45.3 ft) 28.0 41.8
      ---------------------------------------------------------------------
      including 3.48 0.17 8.0 2.0 (6.6 ft) 34.0 36.0
      ---------------------------------------------------------------------
      and 2.54 0.02 6.0 2.0 (6.6 ft) 36.0 38.0
      ---------------------------------------------------------------------
      07-E-6 0.80 0.01 6.3 35.7 (117.1 ft) Surface 35.7
      ---------------------------------------------------------------------
      including 0.99 0.01 6.5 24.0 (78.7 ft) 2.0 26.0
      ---------------------------------------------------------------------
      07-E-7 0.67 0.23 4.9 20.0 (65.6 ft) Surface 20.0
      ---------------------------------------------------------------------
      and 0.45 0.00 1.1 32.0 (105.0 ft) 82.0 114.0
      ---------------------------------------------------------------------
      and 0.87 0.09 6.6 50.0 (164.0 ft) 172.0 222.0
      ---------------------------------------------------------------------
      including 1.69 0.13 13.6 10.0 (32.8 ft) 172.0 182.0
      ---------------------------------------------------------------------
      and 1.32 0.20 10.6 10.0 (32.8 ft) 194.0 204.0
      ---------------------------------------------------------------------
      and 1.14 0.11 7.7 12.0 (39.4 ft) 210.0 222.0
      ---------------------------------------------------------------------
      07-E-8 3.12 0.26 25.1 19.8 (65.0 ft) 54.0 73.8
      ---------------------------------------------------------------------
      including 7.84 0.74 63.7 6.0 (19.7 ft) 58.0 64.0
      ---------------------------------------------------------------------
      07-E-9 LOST HOLE
      ---------------------------------------------------------------------
      07-E-10 1.85 0.06 12.8 8.4 (27.6 ft) 98.0 106.4
      ---------------------------------------------------------------------
      including 3.00 0.09 21.3 4.6 (15.1 ft) 100.0 104.6
      ---------------------------------------------------------------------
      07-E-11 1.11 0.08 11.1 102.0 (334.7 ft) Surface 102.0
      ---------------------------------------------------------------------
      including 2.43 0.08 15.4 24.0 (78.7 ft) 32.0 56.0
      ---------------------------------------------------------------------
      07-E-12 1.06 0.23 9.6 38.0 (124.7 ft) Surface 38.0
      ---------------------------------------------------------------------
      including 2.74 0.51 23.0 2.0 (6.6 ft) Surface 2.0
      ---------------------------------------------------------------------
      and 3.42 0.34 39.0 2.0 (6.6 ft) 20.0 22.0
      ---------------------------------------------------------------------
      07-E-13 1.66 0.03 16.0 81.6 (267.7 ft) Surface 81.6
      ---------------------------------------------------------------------
      including 2.59 0.04 29.3 38.0 (124.7 ft) 38.0 76.0
      ---------------------------------------------------------------------
      including 3.57 0.07 66.5 8.0 (26.5 ft) 38.0 46.0
      ---------------------------------------------------------------------
      and 3.79 0.09 52.0 8.0 (26.5 ft) 52.0 60.0
      ---------------------------------------------------------------------
      and 3.14 0.03 9.0 10.0 (32.8 ft) 66.0 76.0
      ---------------------------------------------------------------------
      07-E-14 0.88 0.03 7.0 54.0 (177.2 ft) Surface 54.0
      ---------------------------------------------------------------------
      07-E-15 1.10 0.02 10.0 30.0 (98.4 ft) Surface 30.0
      ---------------------------------------------------------------------
      07-E-16 1.92 0.15 19.0 20.0 (65.6 ft) Surface 20.0
      ---------------------------------------------------------------------
      07-E-17 0.76 0.05 6.3 48.0 (157.5 ft) 6.0 54.0
      ---------------------------------------------------------------------
      07-E-18 1.30 0.05 12.4 50.0 (164.0 ft.) 6.0 56.0
      ---------------------------------------------------------------------
      including 3.19 0.05 11.7 14.0 (45.9 ft.) 38.0 52.0
      ---------------------------------------------------------------------
      07-E-19 0.52 0.03 3.8 22.0 (71.2 ft.) Surface 22.0
      ---------------------------------------------------------------------
      and 0.91 0.04 8.9 31.2 (102.4 ft.) 34.0 65.2
      ---------------------------------------------------------------------
      07-E-20 0.53 0.04 7.5 32.0 (105.0 ft.) Surface 32.0
      ---------------------------------------------------------------------
      and 0.82 0.09 5.9 32.0 (105.0 ft.) 52.0 84.0
      ---------------------------------------------------------------------
      07-E-21 0.91 0.14 8.2 26.0 (85.3ft.) Surface 26.0
      ---------------------------------------------------------------------
      and 0.33 0.13 0.6 14.0 (45.9 ft.) 44.0 58.0
      ---------------------------------------------------------------------
      07-E-22 1.08 0.02 3.8 28.0 (91.9 ft.) Surface 28.0
      ---------------------------------------------------------------------
      07-E-23 1.10 0.02 7.5 26.0 (85.3ft.) Surface 26.0
      ---------------------------------------------------------------------
      07-E-24 0.95 0.05 6.5 102.0 (334.7ft.) Surface 102.0
      ---------------------------------------------------------------------
      07-E-25 1.00 0.03 10.6 64.9 (212.9 ft.) Surface 64.9
      ---------------------------------------------------------------------
      07-E-26 1.77 0.41 18.0 78.0 (255.9 ft.) 6.0 84.0
      ---------------------------------------------------------------------
      including 2.55 1.32 29.0 22.0 (72.18 ft.) 24.0 46.0
      ---------------------------------------------------------------------
      and 2.52 0.05 24.3 16.0 (52.5 ft.) 64.0 80.0
      ---------------------------------------------------------------------
      Drilling will resume in the spring when Sheffield will continue to define both the Engels Mine high-grade mineralization and the historical Moonlight Deposit oxide copper resource. The Company expects to report an NI 43-101 compliant resource for each deposit in 2008.

      Quality Control and Assurance

      A rigorous Quality Control and Assurance program (QC/QA) is in place, including systematic inclusion of standard sample materials, blank samples, duplicate samples and inter-laboratory check assaying. Samples are sent in sealed containers to ALS Chemex in Reno, Nevada. ALS Chemex is a recognized ISO 9000 registered laboratory. The control samples and duplicate assay results received for the drilling program demonstrated to Sheffield Resources that the assay results reported herein are reliable.

      The exploration program is managed by Robert Wetzel, a California registered professional geologist and qualified person. David M. Jenkins, P.Geo., and president of Sheffield Resources is designated the qualified person for the Moonlight Copper Project.

      About Sheffield Resources Ltd.

      Sheffield Resources Ltd. is an exploration and development company focused on the acquisition and systematic development of copper and nickel/cobalt deposits with potential for large tonnages of ore that are located close to infrastructure in politically stable areas.

      This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Sheffield Resources Ltd. relies upon litigation protection for forward-looking statements.
      Avatar
      schrieb am 07.05.08 14:41:29
      Beitrag Nr. 22 ()
      Sollte man sich unbedingt anschauen, super Potential!

      www.nevoro.com/presentations/NevoroPPT-April28.pdf

      :D
      Avatar
      schrieb am 28.05.08 23:31:12
      Beitrag Nr. 23 ()
      Hallo Aurora Bullen,

      die Aurora Aktionäre sollen doch im Juli ihre Aktien in Nevoro Aktien 1:1 tauschen können. Aurora steht im Moment bei 0,25 US$, Nevoro bei 0,46 Can$. Der Devisenumrechnungskurs € zu US$ bzw. € zu CAN$ ist gleich.
      Eigentlich müsste man noch Aurora zu den billigen Preisen kaufen und dann tauschen.
      Hat jemand eine Meinung dazu?

      Grüsse
      Wolfgang
      Avatar
      schrieb am 30.05.08 17:30:15
      Beitrag Nr. 24 ()
      Antwort auf Beitrag Nr.: 34.191.992 von wban am 28.05.08 23:31:12Vollkommen richtig! Der Kurs Aurora Platinum (Metals) zieht jetzt auch wieder an. Ich habe mir noch ein paar zugelegt. Ein besseres Geschäft kann es ja nicht geben!

      Nevoro wird stabil gehalten, machen ja gerade eine umfangreiche Privatplatzierung (20 Mio CAD). Das Geld wird für die Exploration der mittlerweile zahlreichen Gebiete verwendet. Das Management von Nevoro ist mit das beste, was es gibt. Bin da voll bullisch!

      :lick:
      Avatar
      schrieb am 30.05.08 17:34:02
      Beitrag Nr. 25 ()
      Bei SHEFFIELD RESOURCES LTD. (Tier2(CDNX: SLD.V) ist das verhältnis ja 0,8:1. Auch nicht schlecht!
      :cool:
      Avatar
      schrieb am 02.06.08 20:02:08
      Beitrag Nr. 26 ()
      AURORA PLATINUM EXPL(OTC BB: AUPXF.OB)
      Last Trade: 0.35
      Trade Time: 10:14AM ET
      Change: 0.06 (20.69%)
      Prev Close: 0.29
      Open: 0.35
      Bid: 0.32 x 5000
      Ask: 0.40 x 5000

      1y Target Est: N/A
      Day's Range: 0.35 - 0.35
      52wk Range: 0.10 - 0.60
      Volume: 5,000
      Avg Vol (3m): 58,015.6

      Damit hat sich das schon wieder angenähert!
      Avatar
      schrieb am 05.06.08 23:28:48
      Beitrag Nr. 27 ()
      Jetzt ist alles in trockenen Tüchern!

      Press Release Source: Aurora Platinum Exploration Inc.


      Aurora Platinum Exploration Inc. Shareholders Approve Plan of Arrangement
      Thursday June 5, 4:05 pm ET


      VANCOUVER, BC--(MARKET WIRE)--Jun 5, 2008 -- Aurora Platinum Exploration (OTC BB:AUPXF.OB - News), formerly Aurora Metals (BVI) Limited ("Aurora"), announced today that at the special meeting of its common shareholders today (the "Meeting"), 97% of the votes cast by the Aurora Shareholders voting in person or by proxy at the Meeting were voted in favour of the special resolution approving the previously announced statutory arrangement (the "Arrangement") under British Columbia law involving Aurora, Nevoro Platinum Inc. and Nevoro Inc.
      ADVERTISEMENT






      Under the plan of arrangement, each Aurora common share will be cancelled and the holders thereof will be entitled to receive, for each such Aurora common share, one common share in the capital of Nevoro Inc. As part of the Arrangement, Aurora and Nevoro Platinum Inc., a wholly owned subsidiary of Nevoro Inc., will merge and continue as one corporation with the same effect as if they were amalgamated under the Business Corporations Act (British Columbia). Upon completion of the Arrangement, Nevoro will hold all of the outstanding shares in the merged company and Aurora Shareholders will hold Nevoro Inc. common shares. The completion of the Arrangement is also subject to a number of conditions, including the approval of the Supreme Court of British Columbia (the "Court"). Application for the final court approval is scheduled to be heard by the Court on June 6, 2008. If Court approval is obtained and the other conditions to closing are satisfied or waived, the Arrangement is expected to be completed and become effective on or about June 10, 2008.



      ON BEHALF OF THE BOARD

      "Cameron Richardson"

      Cameron Richardson
      President, CEO and Director

      :lick:
      Avatar
      schrieb am 10.06.08 17:37:07
      Beitrag Nr. 28 ()
      Moonlight has current NI 43-101 compliant indicated resources of 161.57 million tons averaging 0.324% Cu (at 0.2% Cutoff), 0.003 oz./ton Au and 0.112 oz./ton Ag., plus inferred resources of 88.35 million tons averaging 0.282% Cu, 0.003 oz./ton Au and 0.089 oz./ton Ag

      Entspricht Marktwert an Kupfer von 4-5 MRD USD + X

      Darauf lässt sich aufbauen!

      :cool:
      Avatar
      schrieb am 10.06.08 19:54:32
      Beitrag Nr. 29 ()
      Press Release Source: Aurora Platinum Exploration Inc.


      Aurora Platinum Exploration Inc. and Nevoro Inc. Announce Closing of Plan of Arrangement
      Tuesday June 10, 1:13 pm ET


      VANCOUVER, BC--(MARKET WIRE)--Jun 10, 2008 -- Aurora Platinum Exploration Inc. (OTC BB:AUPXF.OB - News), formerly Aurora Metals (BVI) Limited, ("Aurora") and Nevoro Inc. (Toronto:NVR.TO - News) ("Nevoro") announced today that the previously announced statutory plan of arrangement (the "Arrangement") involving Aurora, its shareholders, Nevoro and Nevoro Platinum Inc. ("Subco") (a wholly owned subsidiary of Nevoro) was completed today.
      ADVERTISEMENT






      Under the plan of arrangement, each Aurora common share has been cancelled and the holders thereof will be entitled to receive, for each such Aurora common share, one common share in the capital of Nevoro Inc. As part of the Arrangement, Aurora and Subco have merged and will continue as one corporation with the same effect as if they were amalgamated under the Business Corporations Act (British Columbia). As a result of the Arrangement the merged company is now a wholly owned subsidiary of Nevoro. The shares in Aurora will be de-listed from and no longer trade on the OTC BB. Former Aurora shareholders should refer to Aurora's information circular dated May 6, 2008, which is available on EDGAR at www.sec.gov for information regarding receipt of their shares in Nevoro in exchange for their shares in Aurora or contact Equity Transfer & Trust Company, Investor Inquiries: Tel: (416) 361-0930 Ext: 238.

      ON BEHALF OF THE BOARD

      "Cameron Richardson"



      Cameron Richardson
      President, CEO and Director
      Avatar
      schrieb am 10.06.08 19:55:17
      Beitrag Nr. 30 ()
      Press Release Source: Nevoro Inc.


      Nevoro Acquires Aurora Platinum Exploration
      Tuesday June 10, 1:15 pm ET


      TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Nevoro Inc. ("Nevoro") (TSX:NVR - News) is pleased to announce that it has completed its acquisition of 100% of the issued and outstanding shares of Aurora Platinum Exploration Inc., (formerly Aurora Metals (BVI) Limited ("Aurora") (OTCBB:AURMF - News) through a court-approved plan of arrangement (the "Arrangement"), as previously announced in a press release dated April 17, 2008.
      ADVERTISEMENT


      Pursuant to the Arrangement each Aurora common share has been cancelled and Aurora shareholders are entitled to receive one Nevoro common share for each share of Aurora. Prior to the completion of the arrangement there were 75,163,584 Nevoro common shares outstanding and 19,981,476 Aurora common shares outstanding. As a result of the completion of the Arrangement, current Nevoro shareholders own approximately 79% of Nevoro and former Aurora shareholders own approximately 21% of Nevoro.

      William Schara, President and CEO of Nevoro stated, "The closing Aurora transaction is the first of three major transactions which will make Nevoro a significant development stage company. With Aurora, Nevoro has acquired the Stillwater Project with potential for nickel-copper-cobalt, chromium and Platinum Group Metals (PGM). Our second transaction will be the purchase of Sheffield Resources and its Moonlight Copper Project. Finally, with the expected closing of our previously announced $10 million financing, Nevoro will have a solid cash position to add significant value to these two assets over the coming year".

      Aurora's main asset is the Stillwater Project. The Stillwater Project consists of 221 claims totaling 4,578 acres (1,853 hectares) in North America's largest platinum group element ("PGE") mineral district, adjacent to the Stillwater palladium-platinum mine. The Stillwater Project has early- to advanced-stage Ni, Cu, Co, PGE and chromite exploration targets and historic resources. For a full description of the Stillwater Project, please see the Company's press release issued on April 17, 2008 or the Company's website at www.nevoro.com.

      About Nevoro

      Nevoro is a TSX-listed exploration and development company focused on the discovery of precious and base metals in the western USA. In addition to the purchase of Aurora and the advancement of its Stillwater PGE-nickel-copper-cobalt-chromite project in Montana, Nevoro intends to acquire Sheffield Resources Ltd. and its Moonlight Copper Project. Nevoro also holds 13 gold projects in Nevada and Idaho.

      For more information, please visit the Nevoro Inc. website at www.nevoro.com
      Avatar
      schrieb am 18.06.08 13:51:02
      Beitrag Nr. 31 ()
      June 12, 2008

      NEVORO INC. COMPLETES FIRST TRANCHE OF PRIVATE PLACEMENT RAISES GROSS PROCEEDS OF $7.0 MILLION
      THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

      Nevoro Inc. (TSX:NVR) (the “Company”) is pleased to announce it has completed the first tranche of the previously announced private placement financing and raised gross proceeds of $7.0 million through the sale of 20,015,500 units priced at $0.35 per unit (the “Offering”). The second tranche of the financing is expected to close within the next 10 days. Approval of the financing was received by a majority of the Company’s shareholders (with written evidence of such approval provided to the TSX).

      Upon issuance, each unit will be immediately separated into one common share of the Company and one half of one common share purchase warrant, with each whole warrant enabling the holder to acquire one common share of the Company at an exercise price of $0.50 for a period of two years from the closing of the Offering. The Company plans to use the net proceeds of the Offering for exploration and general corporate purposes.

      Thomas Weisel Partners Canada Inc. (as lead agent) and MGI Securities Inc. acted as agents for the Offering (collectively the “Agents”) and received 1,283,892 broker warrants.

      The common shares issuable pursuant to the Offering (on a fully-diluted basis) total 31,307,141, representing 24.8% of the current issued and outstanding common shares of the Company.

      About Nevoro Inc.
      Nevoro is a TSX-listed exploration and development company focused on the discovery of precious and base metals in the western USA. In addition to the purchase of Aurora and its Stillwater PGE-nickel-copper-cobalt-chromite project in Montana, Nevoro intends to acquire Sheffield Resources Ltd. and its Moonlight Copper Project. Nevoro also holds 13 gold projects in Nevada and Idaho.
      Avatar
      schrieb am 03.07.08 14:08:47
      Beitrag Nr. 32 ()
      Hallo,

      habe beim deutschen Handel von Nevoro folgendes festgestellt: in Frankfurt und Berlin werden in den letzten Tagen immer je 10000 Stück zum Verkauf bzw. Kauf angeboten. Ich habe 5000 oder 10000 gekauft, und das Angebot steht sofort wieder auf 10000. Es sieht für mich so aus, als ob jemand permanent 10000 Aktien zum Verkauf anbietet. Kauft jemand etwas weg, wird das Angebot wieder auf 10000 aufgestockt, und zwar sofort.
      Hat jemand eine Meinung dazu?

      Grüsse
      Wolfgang
      Avatar
      schrieb am 16.07.08 20:45:05
      Beitrag Nr. 33 ()
      Press Release Source: Nevoro Inc.


      Nevoro Acquires Benbow Chromite Mine
      Wednesday July 16, 8:45 am ET


      TORONTO, ONTARIO--(Marketwire - July 16, 2008) - Nevoro Inc. ("Nevoro") (TSX:NVR - News) is pleased to announce, subject to regulatory approval, it has acquired, through its indirect wholly owned subsidiary Aurora Metals USA, Inc. the Benbow chromite mine (the "Property") which is adjacent to Nevoro's Stillwater project in Montana (the "Agreement"). The Benbow mine is comprised of 7 patented lode mining claims and 5 unpatented lode mining claims, all in Stillwater, Montana.
      Chromite was first discovered in the Stillwater region in 1890 and first developed in 1905. Demand for chromite during the First World War led to several mining operations, including Benbow, which produced 536 long tons of ore until 1918, with sporadic work into the 1930s.

      In 1941, Anaconda Copper Corporation began underground development at Benbow and between 1941 and 1943, the Benbow operation and the nearby Mountain View mine (also controlled by Nevoro) produced 364,196 long tons of ore and milled 237,771 long tons yielding 91,164 long tons of concentrate. Between 1939 and 1945 the United States Geological Survey (USGS) undertook a program of mapping, trenching, drilling and sampling leading to the historic resource estimates for the district's four currently known chromite deposits (all now controlled by Nevoro) as listed below:




      Million Cr2O3
      Area (Tons) (%)

      Mountain View 14 23

      Benbow East 9 20

      Benbow 21 22

      Nye Basin 6 22
      -------- ------

      Total 50 22


      The Benbow mine has historical resources totaling 21 million tons averaging 22% Cr2O3. When combined with Nevoro's existing historical resources, Nevoro now controls approximately 50 million tons grading 22% Cr2O3 which represents the largest chromite resource in the western hemisphere and the seventh largest chromite resource in the world according to USGS OF Report 01-381.

      William Schara, President & CEO of Nevoro stated "With increasing ferrochrome prices, which have risen from the US$1 level to around the US$5 level in the past 5 years and the continuing chromium supply problems from South Africa, we think the Benbow mine is a strategic acquisition".

      The Property was acquired under a Lease with Option to Purchase from Benbow Mine, Limited Liability Partnership, a Montana LLP (the "Owner"). The Agreement is subject to regulatory approval, title opinion, Nevoro's Board approval, and the satisfactory completion of due diligence investigation of the condition and title to the Property. The basic lease is for 25 years, unless the agreement is sooner terminated, cancelled or extended. The terms of the Agreement call for a signing bonus of US$50,000, subject to the approvals noted above, with payments of US$50,000 on the first through fifth anniversaries, US$75,000 on the sixth through tenth anniversaries, US$100,000 on the eleventh and each subsequent anniversary of the effective date (the "Minimum Payments"). A 5% production royalty (the "Royalty") shall be paid to the Owner, based on Net Proceeds from the production and sale of Minerals from the Property. The Minimum Payments shall constitute advance payments of the Royalty on the Property and shall be credited in Nevoro's favor against Royalty payment obligations. Nevoro has the option to purchase the Property for US$5,000,000. If the option to purchase is exercised after the fifth anniversary, but before the tenth, the purchase price is US$10,000,000, or alternatively, Nevoro has the option to purchase an undivided fifty percent interest in the Property for US$5,000,000, subject to its right to purchase additional portions of ownership of and title to the Property in increments representing 5% of the entire undivided ownership for US$500,000 for each such increment. About Nevoro

      Nevoro is a TSX-listed exploration and development company focused on the discovery of precious and base metals in the western USA. In addition to the recently completed purchase of Aurora and its Stillwater PGE-nickel-copper-cobalt-chromite project in Montana, Nevoro intends to acquire Sheffield Resources Ltd. and its Moonlight copper project in California. Nevoro also holds 11 gold projects in Nevada and Idaho.

      For more information, please visit the Nevoro Inc. website at www.nevoro.com.

      CAUTIONARY STATEMENT: Technical Information contained herein, including resource calculations, is based on "historical estimates" as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). These historical estimates should not be relied upon. Nevoro is not treating the historical estimates as current mineral resources or mineral reserves as it has not verified nor prepared this scientific and technical information. All statements, other than historical fact, contained or incorporated by reference in this news release, including any information as to the completion of the corporate transactions described herein, constitute "forward looking statements" within the meaning of certain securities laws, including the "safe harbor" provisions of the Securities Act (Ontario) and are based on expectations, estimates and projections as of the date of this news release. Such "forward looking statements", reflects management's current beliefs and is based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "intention" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive. In addition, in evaluating this information, investors should specifically consider various factors, including risk factors, which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking information.
      Avatar
      schrieb am 16.07.08 21:07:02
      Beitrag Nr. 34 ()
      Antwort auf Beitrag Nr.: 34.523.932 von Aurorabulle am 16.07.08 20:45:05
      Hey Aurorabulle,

      hab die Meldung auch schon gesehen, hatte den Thread aber nicht mehr gefunden -könntest Du den nicht vielleicht mit der Aktie verknüpfen lassen?!

      Unabhängig davon mus ich sagen: mir gefällt Nevoro immer, immer besser(hab mir grad nochmal die letzte Presentation angeguckt -allein die historischen Chromeresourcen wären ja, siehe letzter Meldung, die 7tgrößten der Welt! :cool: )

      Aber noch eine andere Sache -verstehst Du, warum der Kurs dann heute so deftigst in den Keller geht(ist mir einfach nicht klar)?

      Popeye
      Avatar
      schrieb am 17.07.08 14:00:14
      Beitrag Nr. 35 ()
      Antwort auf Beitrag Nr.: 34.524.104 von Popeye82 am 16.07.08 21:07:02Der Kurs in den Keller? War am Tag zuvor.
      Sehe das ganze auch recht positiv!
      Habe mittlere Position, werde bei weiteren positiven Ergebnissen aufstocken.
      Mit der Verknüpfung schau ich mal!
      Gruß
      Avatar
      schrieb am 18.07.08 19:02:27
      Beitrag Nr. 36 ()


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      Nevoro schluckt Aurora