SILVERSTONE RES. CORP. peilt bis 2009 ein 3Mio oz Förderung an! - 500 Beiträge pro Seite

[mrbk1234]

Silverstone Resources Corp. (SST:TSX-V) is a growth oriented silver mining company with 100% of its revenue from silver production. Additionally, the company has an option to earn a 90% interest in four advanced silver-gold projects in Mexico , all past producing mines. Silverstone expects to have 2007 silver sales of approximately 1.0 million ounces and increasing to 3 million ounces by late 2009. The company has two silver purchase contracts with Capstone Mining Corp - Cozamin mine in Mexico, and with Lundin Mining - Neves-Corvo and Aljustrel Mines in Portugal. Silverstone is actively seeking new silver streams and other advanced silver exploration opportunities.



http://www.silverstrategies.com/CompanyProfileNew.aspx?ticke…

[mrbk1234]

Ich warte bis zu der ersten Erholungsphase mal ab!

Vielleicht kommt man da nochmal günstig rein.. ?!

- 225Mio CAD Marktkap.
- Aktie momentan im Focus. Hat also noch Platz nach oben, aber s.o.

http://www.silverstonecorp.com

[nebenwerte_fuchs]

Mal ne Zusammenfassung:

Silverstone Resources


Production

Cozamin Mine - Capstone Mining Corp

• Cost: fixed at US$4.00 per ounce for the next 10 years

• Annual production: 1.1 million ounces of annual payable silver in copper, zinc and lead concentrates

• Period: 100% of silver produced for the next 10 years (2007-2017)


Neves-Corvo Mine - Lundin Mining

• Cost: fixed of US$3.90 per ounce (subject to a 1% annual inflationary adjustment after three years and yearly thereafter).

• Annual production: 0.5 million ounces of annual payable silver in copper concentrate. Additional silver will be added through a silver-lead concentrate from current zinc ore processing at the beginning of 2009.

• Period: 100% of the life of mine. Estimated mine life exceeds 15 years; excellent exploration potential.


Aljustrel Mine - Lundin Mining

• Cost: fixed of US$3.90 per ounce (subject to a 1% annual inflationary adjustment after three years and yearly thereafter)

• Annual production: 1.2 million ounces of annual payable silver in 2009 in lead concentrates.

• Period: 100% of the life of mine silver production. Estimated mine life exceeds 10 years.


Reserve & Resources

Silver streams:
• 69M oz of Proven & Probable Reserves
• 152M oz of Measured & Indicated Resources*
• 81M oz of Inferred Resources
* includes proven & probable reserves

Exploration portfolio:
• Historic resources of over 75M oz of silver on the Silverstone properties


Stock Information

Capital Structure
As at July 1, 2007 (approximate)
52 Week High: $3.60
52 Week Low: $0.65
Shares Outstanding: 74,800,744M
Shares to be issued to Lundin: 15,400,000M
Total: 90,200,744
Warrants/Options 31.5M
• 11.0M warrants @ $2.10, expire April 4, 2009
• 15.0M special warrants - no expiry date
• 1.3M agents options @ $1.70, expire April 4, 2009
• 2.0M stock options @ $1.00, expire June 28, 2011
• 2.1M stock options @ $2.05 expire April 23, 2012
Fully Diluted 121.7M
Cash $27.1M
Cash Fully Diluted $73.9M


Links:
http://montyhigh.typepad.com/world_of_wallstreet/2007/10/sto…
http://www.silverstonecorp.com/
http://www.resourceinvestor.com/pebble.asp?relid=36180

[nebenwerte_fuchs]

Silverstone Announces Underwritten $50 Million Financing
November 7, 2007

Silverstone Resources Corp. (“Silverstone”) is pleased to announce it has entered into an agreement for a private placement with a syndicate of underwriters led by Scotia Capital Inc. and including PI Financial Corp. pursuant to which the underwriters have agreed to purchase 17,250,000 common shares of Silverstone at a price of $2.90 per share for aggregate gross proceeds of approximately $50.0 million. Capstone Mining Corp. has indicated that it will purchase 3,577,670 common shares of Silverstone in the offering. The underwriters also have been granted an option to purchase an additional 3,450,000 common shares of Silverstone at the issue price for additional gross proceeds to the company of $10,005,000. The offering is being completed on a private placement basis subject to certain conditions including, but not limited to, the execution of a definitive underwriting agreement and the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The offering is expected to close on or about November 27, 2007.

Net proceeds from the offering will be used to repay debt and for general corporate purposes including potential acquisitions of silver production.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer or sale of securities in the United States.

ABOUT SILVERSTONE

Silverstone is a Canadian based public silver mining company with 100% of its revenue from silver production. More information is available online at: www.silverstonecorp.com.

For further information about the Company, please contact:
Chris Tomanik, Telephone: [phone] / Facsimile: [phone]
Email: [e-mail]

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

[Pabella]

[Pabella]

Antwort auf Beitrag Nr.: 32.464.862 von Pabella am 17.11.07 20:34:19

Silverstone 17.25-million-share private placement

2007-12-04 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Nov. 6, 2007, and Nov. 7, 2007.

Shares: 17.25 million

Purchase price: $2.90

Hidden placees: 29

Insider: Capstone Mining Corp. 3,577,670

Pro groups: Scotia Capital Inc. 966,131; PI Financial Corp. 474,199; Don Wright 20,000; Scotia McLeod Direct (Dan DiFranco) 15,000

Agents' fees: $2,378,985.42 in total payable to Scotia Capital Inc. and PI Financial Corp.

[Pabella]

Silverstone drills 5.59 m of 1.57 g/t Au, 223 g/t Ag

2007-12-13 08:01 ET - News Release

Mr. Chris Tomanik reports

SILVERSTONE COMPLETES DEFINITION DRILLING ON THE ANIMAS-REFUGIO VEIN, COPALA PROJECT, SINALOA STATE, MEXICO

Silverstone Resources Corp. has released the results from 44 additional drill holes (6,288 metres HQ core drilling) from the company's phase IIA drilling on the Copala silver-gold project. Copala is located 60 kilometres east-northeast of Mazatlan, Sinaloa state, Mexico. The assay results are for infill and exploration drilling on the Animas-Refugio vein in the Clemens-El Muerto sector. Drilling has been completed in this sector of the vein and the company will release an independent resource estimate in the first quarter of 2008.

Highlights:

* SC-07-98 -- 5.59 metres grading 1.57 grams per tonne gold and 223 grams per tonne silver;
* SC-07-99 -- 7.91 metres grading 1.10 grams per tonne gold and 138 grams per tonne silver;
* SC-07-103 -- 15.53 metres grading 0.44 gram per tonne gold and 62 grams per tonne silver;
* SC-07-105 -- 7.52 metres grading 0.87 gram per tonne gold and 153 grams per tonne silver;
* SC-07-110A -- 13.9 metres grading 0.63 gram per tonne gold and 145 grams per tonne silver;
* SC-07-125 -- 4.0 metres grading 1.67 grams per tonne gold and 214 grams per tonne silver.

SUMMARY OF RESULTS FOR DRILL HOLES SC-07-80 AND SC-07-87 TO SC-07-131

True Ag
thick- equiv-
Inter- ness alent
From To val (m) Au Ag (g/t)
Hole No. (m) (m) (m) (i) (g/t) (g/t) (ii)

SC-07-80 60.25 64.25 4.00 3.58 0.35 43 63
SC-07-89 70.25 72.25 2.00 1.00 0.66 75 111
SC-07-98 104.75 110.75 6.00 5.59 1.57 223 309
including 105.75 108.50 2.75 2.56 3.00 402 567
SC-07-99 115.00 123.50 8.50 7.91 1.10 138 199
including 118.25 122.00 3.75 3.49 1.89 240 344
SC-07-100A 138.50 152.00 13.50 11.26 0.44 69 93
including 139.50 141.50 2.00 1.67 1.96 195 302
SC-07-101 109.00 113.25 4.25 2.57 0.26 52 66
SC-07-102 140.00 152.75 12.75 9.61 0.43 71 95
including 148.00 150.50 2.50 1.89 0.88 145 193
SC-07-103 9.50 26.00 16.50 15.53 0.44 62 86
including 19.00 25.00 6.00 5.65 0.65 100 136
SC-07-104 13.00 32.00 19.00 15.83 0.09 25 30
SC-07-105 156.50 166.50 10.00 7.52 0.87 153 201
including 156.50 160.25 3.75 2.82 1.51 249 332
SC-07-106 24.50 47.00 22.5 20.70 0.20 32 43
SC-07-107A 109.00 111.75 2.75 2.32 0.06 33 36
SC-07-108 47.00 52.00 5.00 3.54 0.52 92 121
including 48.00 49.75 1.75 1.24 1.08 181 240
SC-07-110A 3.00 18.50 15.5 13.9 0.63 145 180
including 10.50 15.50 5.00 4.47 1.48 358 440
SC-07-113 77.50 83.75 6.25 5.01 0.74 85 126
including 80.75 82.00 1.25 1.00 1.53 175 260
SC-07-114 137.00 141.50 4.50 3.09 0.36 61 81
SC-07-116 27.00 30.50 3.50 2.47 0.69 128 166
SC-07-120 138.00 141.0 3.00 2.45 0.45 70 95
SC-07-124 32.00 34.75 2.75 2.63 0.94 148 199
SC-07-125 60.50 65.00 4.50 4.00 1.67 214 306
including 64.25 64.50 0.25 0.22 9.24 2810 3318
SC-07-126 77.75 82.75 5.00 3.91 0.77 136 178
including 80.00 81.50 1.50 1.17 1.11 252 313
SC-07-129 91.75 94.00 2.25 1.63 2.68 412 560
SC-07-131 86.00 87.75 1.75 1.42 0.15 21 30

(i) True widths are estimated by correcting for the strike and dip of
the vein and the bearing and inclination of the drill hole.
(ii) Ag Equivalent is the sum of the Au multiplied by 55 plus the Ag
grade.
Holes SC-07-87, 88, 90, 91, 92, 93, 94, 95, 96, 97, 111, 115, 117,
118, 119, 121, 122, 123, 127, 128 and 130 contain only anomalous
values.
Results for holes SC-07-109 and SC-07-112 are pending.


The drill program included both infill and step out drill holes to define the extent of mineralization both down dip and along strike. Many of the holes peripheral to known mineralization contained only anomalous gold and silver values as expected. Previous press releases included results up to and including SC-07-86 with the exception of SC-07-80.

The mineralization in the Clemens-El Muerto sector varies considerably in width. Wider, lower-grade zones near surface may be amenable to open-pit mine development. Narrower and higher-grade zones have potential for underground mining. Preliminary metallurgical testwork by PRA of Vancouver indicated recoveries above 80 per cent for both gold and silver for both standard flotation and cyanide leach processes. This work was undertaken on a single sample composite taken from the historic workings at both the Clemens and El Muerto mines. These flotation results were confirmed by a custom mill located within seven kilometres of the Animas-Refugio vein.

Phase III drilling at Copala is focused on the La Colorada vein. This area of current drilling is located about 5.5 kilometres west-southwest from the Clemens-El Muerto sector. Initial results from the phase III drilling are expected in January.

Samples were assayed by ALS Chemex in Vancouver. Blank, standard and duplicate pulp samples have also been assayed by ALS Chemex and duplicate core samples have been sent to SGS Lakefield in Toronto, Ont. The results for these QA/QC samples have been acceptable in the mineralized intervals and additional QA/QC analyses are in progress.

Hugh Willson, vice-president of exploration for Silverstone, and a qualified person under National Instrument 43-101, has reviewed the contents of this news release and supervised the Copala project for Silverstone since its inception.

The company has granted 100,000 incentive stock options at a price of $2.50 for a period of five years to employees of the company.

[mrbk1234]

Antwort auf Beitrag Nr.: 32.821.550 von Pabella am 20.12.07 00:57:18

Immernoch in Beobachtung!

[Pabella]

Short History
Symbol Report Date Volume Change
SST - V 2007-12-31 508,000 -9,900
SST - V 2007-12-15 517,900
SST - V 2007-11-30 517,900 34,674
SST - V 2007-11-15 483,226 173,851
SST - V 2007-10-31 309,375 -91,735

...

[Zwiebeltretter]

Antwort auf Beitrag Nr.: 32.859.446 von mrbk1234 am 24.12.07 06:45:54

Dann würde ich langsam anfangen zu kaufen. Bei SST wird seit anfang des Jahres stetig gesammelt. Volumen im Januar bisher ca. 350T pro Tag, im November und Dezember waren es ca. 100T pro Tag.

Bei 3,10$ wird alles massiv weggekauft seit Tagen und das bei dem schwachen Umfeld der letzten Tage (andere Silberwerte fallen derzeit trotz dem hohen Silberpreis).

Sobald der Markt der Rohstoffexplorer und Junior Produzenten sich etwas beruhigt und/oder der Silberpreis weiter steigt wird SST ganz vorne bei den Gewinnern sein.


Gruß
ZT

[Zwiebeltretter]

Sehr gute Meldung über Projekt mit Aquiline.


Aquiline to sell $17.5-million debenture to Silverstone


2008-02-08 08:35 ET - News Release

See News Release (C-AQI) Aquiline Resources Inc


Mr. Blaise Yerly of Aquiline reports

SILVERSTONE AGREES TO PURCHASE CDN$17.5 MILLION CONVERTIBLE DEBENTURE FROM AQUILINE

Silverstone Resources Corp. has agreed to purchase a $17.5-million convertible debenture from Aquiline Resources Inc., which represents the first step of a potentially larger silver transaction. The debenture must be converted into, at Silverstone's option, either common shares of Aquiline at a conversion price of $12.00 per common share, or a contract granting Silverstone the right to purchase 12.5 per cent of the life-of-mine payable silver from the Loma de La Plata zone, which is one of seven zones comprising the Navidad project, or if unavailable, from the other zones of the Navidad project. See transaction structure below for further information.

The initial Aquiline drill holes at Loma de La Plata were completed in May, 2007, and by the release of Aquiline's resource update in Stockwatch on Nov. 15, 2007, the new high-grade, near-surface deposit had grown to contain 9.1 million tonnes at an average grade of 225 grams per tonne (g/t) silver and 0.09 per cent lead or 66 million contained silver ounces in the indicated category plus 17.3 million tonnes grading 159 g/t silver and 0.11 per cent lead or 89 million contained silver ounces in inferred resources (Snowden Mining Industry Consultants, 2007). The Loma resource is contained within the larger Navidad resource of 127.7 million measured and indicated tonnes grading 110 g/t silver and 1.06 per cent lead (453 million ounces Ag measured plus indicated) and 49.0 million inferred tonnes grading 97 g/t silver and 0.5 per cent lead (153 million ounces Ag indicated). Drilling is continuing at Navidad with three rigs, two of which are focused on new discoveries and resource expansion.

The transaction is expected to close on the date of this press release and the proceeds of $17.5-million will be used to satisfy a payment to IMA Exploration Inc. that is required for the transfer of title to the Navidad property to Aquiline.

Darren Pylot, president and chief executive officer of Silverstone, commented, "Silverstone is extremely happy to be associated with such a world-class deposit and looks forward to working with Aquiline in bringing the property to production." At Aquiline's request, Silverstone will provide technical assistance to Aquiline, at Aquiline's expense and on terms to be negotiated. Several of Silverstone's management personnel, employees and consultants have a record of developing mining projects in Mexico and South America, including Argentina.

Blaise Yerly, chairman of Aquiline, commented: "We are pleased to have secured significant funding for Navidad in a unique structure that will result in minimal dilution to shareholders. Silverstone has demonstrated an ability to execute this model successfully and profitably and is a partner who we believe will add strategic value as the project makes the transition from exploration to development."

Transaction structure

Silverstone may elect to convert the debenture into common shares at any time until the conversion deadline, which is 30 days after the earlier of: (a) 23 months from the date of the debenture; and (b) the completion of a feasibility study on the property, the decision of Aquiline to proceed with a mine and receipt of all necessary permits to proceed with construction of a mine.

The election to convert the debenture into the contract may only be made after the maturity date and up to the conversion deadline. Silverstone and Aquiline shall negotiate a definitive contract within 120 days from the purchase of the debenture and the contract will be subject to exchange approval. The contract will provide Silverstone with the right to purchase 12.5 per cent of the life-of-mine payable silver from the property with a minimum of one million ounces of silver per year from the property, or if unavailable, from other Navidad project production, for a minimum 12.5-year period. Upon conversion to the contract, the $17.5-million face value of the debenture will form part of an upfront payment by Silverstone of $50-million (U.S.) to secure the silver, structured as follows:


$17,599,750 (U.S.) ($17.5-million (Canadian)), the debenture face value;
$14,900,250 (U.S.) on the maturity date;
$17.5-million (U.S.) in four equal instalments of $4,375,000 (U.S.) starting three months after construction commences to 12 months after construction commences.

In addition to this upfront payment, Silverstone will pay the lesser of $4.00 (U.S.) per ounce of silver and the prevailing market price per ounce of silver on the London Metal Exchange at the time production is delivered.

The debenture carries a coupon of 150,000 warrants in lieu of interest, with each warrant entitling Silverstone to purchase one common share at an exercise price of $13.00 per common share for a period expiring six months after the conversion deadline.

Silverstone will also have a right of first offer with respect to the sale of any additional future silver production streams by Aquiline on any Aquiline project.

Fees and conditions

PI Financial Corp. will receive a finder's fee from Aquiline of 6 per cent in cash of the debenture principal amount ($1.05-million) and 87,500 warrants with the same terms as those granted to Silverstone.

Closing of the transaction is subject to receipt of all necessary approvals, including approval of the TSX Venture Exchange and approval of the Toronto Stock Exchange.

Under the guidelines of the National Instrument 43-101, the qualified person for Aquiline's Navidad project is John J. Chulick, who is a registered geologist in California. Mr. Chulick has reviewed the technical content of this release.

We seek Safe Harbor.

[MONSIEURCB]

Bin seit gestern mit im Boot - habt ihr realistische Kursziele auf 1- und 2-Jahressicht?

[MONSIEURCB]

Press Release Source: Silverstone Resources Corp.

Silverstone Provides 4 Months Silver Sales and Increases Sales Forecast
Wednesday February 20, 8:00 am ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 20, 2008 -- Silverstone Resources Corp. (CDNX:SST.V - News) ("Silverstone") reports sales of 737,000 ounces of silver in 2007. Silverstone previously forecast 2007 silver sales of 700,000 ounces (see October 10, 2007 news release). The additional silver was due to increased production rates at the Cozamin mine. On September 28, 2007, Silverstone completed the purchase of 100% of the life of mine silver from Lundin Mining's Neves-Corvo and Aljustrel mines (see June 6, 2007 press release). Silverstone started to receive silver from Neves-Corvo production commencing on October 1, 2007. The Aljustrel mine began commissioning in late 2007. Silverstone changed its fiscal year end from August 31 to December 31 and will be filing its audited four month stub period ending December 31, 2007 in March 2008 and therefore will not be reporting quarterly financials at November 30, 2007. Silverstone is pleased to report silver sales results for the four months ended December 31, 2007. Silverstone purchased 2007 production at an average cost of US$3.98 per ounce. The cost of silver is fixed at less than US$4.00 per ounce through 2010.



----------------------------------------------------------------
2007 (F) 2007 (A) Sept - Dec 2007
----------------------------------------------------------------
Ag (oz) Ag (oz) Ag (oz)
----------------------------------------------------------------

----------------------------------------------------------------
Cozamin 565,000 591,000 377,000
----------------------------------------------------------------
Neves-Corvo Copper 135,000 146,000 146,000
----------------------------------------------------------------
Neves-Corvo Zinc 0 0 0
----------------------------------------------------------------
Aljustrel Zinc 0 0 0
----------------------------------------------------------------

----------------------------------------------------------------
Total 700,000 737,000 523,000
----------------------------------------------------------------
Note: Audited results for the 4 months ended December 31, 2007
will be reported in March 2008.

As a result of the completed expansion to 2,200 tpd and the current expansion to 3,000 tpd at the Cozamin mine (see Capstone Mining Corp.'s January 17, 2008 press release), Silverstone has increased its 2008, 2009 and 2010 silver sales forecast to the following:



Silver Sales Forecast(1)
-------------------------------------------------------------
2008 (F) 2009 (F) 2010 (F)
-------------------------------------------------------------
Ag (oz) Ag (oz) Ag (oz)
-------------------------------------------------------------

-------------------------------------------------------------
Cozamin 1,300,000 1,500,000 1,500,000
-------------------------------------------------------------
Neves-Corvo Copper 540,000 540,000 540,000
-------------------------------------------------------------
Neves-Corvo Zinc 90,000 260,000 260,000
-------------------------------------------------------------
Aljustrel Zinc 225,000 875,000 1,200,000
-------------------------------------------------------------

-------------------------------------------------------------
Total 2,155,000 3,175,000 3,500,000
-------------------------------------------------------------

(1) Silver sales forecasts are based on 2007 actual metallurgical
recoveries of silver to concentrates at the various operations combined
with forecast grades and production and existing smelter contracts for
the different concentrates.

Exploration Properties

Silverstone has earned a 100% interest on its five silver-gold exploration projects (Copala, Claudia, Martha, Promontorio and Montoros) all located in Mexico, pursuant to the amended and restated option agreement between Silverstone, Grupo Minero Bacis S.A. de C.V. ("Bacis") and Silverstone Resources, S.A. de C.V. Silverstone must pay Bacis a 3% net smelter return on all metals produced from the projects. For further details describing the option agreement please see the Company's prospectus dated April 18, 2006 filed on www.sedar.com.

Silverstone has optioned up to a 60% interest in the Promontorio and Montoros projects to Mega Silver Inc. ("Mega") as follows: Mega must spend CDN$5 million in expenditures and issue 550,000 common shares of Mega on each project over a 5 year period. To date, 150,000 common shares for each project have been issued and received by Silverstone. Mega can earn an additional 10% interest in the projects by delivering a feasibility study to Silverstone by December 31, 2017. Silverstone has the right to earn back a 20% interest (for an aggregate 50% beneficial interest). For further details on the option agreement terms please see the Mega press release dated September 18, 2007.

Mr. Hugh Willson, P.Geo., Vice-President, Exploration of Silverstone, who is a "qualified person" under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.

[Mmmaulheld]

Dieser Wert befindet sich im Musterdepot bei Focus Money, müsste eigentlich dadurch etwas mehr Aufmerksamkeit erfahren (haben).

Wer kennt sich denn überhaupt damit aus?

[E-Schwarz]

Sollte wieder funktionieren.

[Zauberwind]

Hallo,
Silverstone fällt wie ein Stein obwohl grundsolide ohne Schulden und genügend Bargeld auf der Bank. Weiß jemand von Euch ob die Gefahr besteht ob durch Schließung einer der Partnerminen der Silberfluß stark reduziert werden könnte?

[Zander65]

November 7, 2008 - 10:00:32 AM
Silverstone Purchases Life of Mine Gold and Silver From Sherwood Copper
Corporation's Minto Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2008) - Silverstone
Resources Corp. ("Silverstone") (TSX VENTURE:SST) is pleased to announce that
it has agreed to acquire 100% of the life-of-mine payable gold and silver
production from Sherwood Copper Corporation's ("Sherwood") Minto mine located
in the Yukon, Canada effective December 1, 2008. With this acquisition,
together with Silverstone's existing contributing silver contracts,
Silverstone is expected to sell in excess of 4.5 million silver equivalent
ounces(1) in 2009.
Sherwood's Minto mine is a base metal mine (copper-gold-silver) located in the
Yukon, Canada. The Minto mine reached commercial production in October 2007,
increased mill throughput 50% by mid-April, 2008 and plans to process higher
grades and to further increase mill throughput by early 2009. The mill at
Minto is forecast to produce more than 30,000 ounces of payable gold and more
than 300,000 ounces of payable silver in 2009, or approximately 2.4 million
silver equivalent ounces(1).
Silverstone will purchase all of the gold and silver production from the Minto
mine and, in exchange, Sherwood will receive an up-front payment from
Silverstone of US$37.5 million, plus a further payment of the lesser of (a)
US$300 per ounce of gold and US$3.90 per ounce of silver (subject to a 1%
inflationary adjustment after 3 years and each year thereafter) and (b) the
prevailing market price on the London Metal Exchange for each ounce delivered.
US$12.5 million of the up-front payment will be advanced immediately and the
balance within 14 days of the date of the letter of intent, subject to certain
conditions. If production from the Minto mine exceeds 50,000 ounces of gold
per year in the first two years of the agreement, or 30,000 ounces of gold per
year thereafter, Silverstone will be entitled to purchase only 50% of the
amount in excess of those thresholds. Kutcho Copper, Sherwood's wholly owned
subsidiary that owns the Kutcho copper-zinc-silver-gold project in British
Columbia, has also granted Silverstone a right of first refusal to purchase
any gold and/or silver streams from the Kutcho project, should Kutcho Copper
elect to sell such, on terms and conditions to be agreed by mutual consent.
In order to fund the US$37.5 million cash payment, in addition to US$28
million in cash on hand, Silverstone will draw on its US$15 million revolving
line of credit through Scotia Capital.
"This transaction with Sherwood will more than double Silverstone's silver
equivalent ounces in 2009. We are very pleased to have acquired this gold and
silver production from the high grade Minto copper mine, which has the ability
to add additional gold and silver ounces through its significant exploration
potential. With this acquisition, Silverstone is able to continue to increase
its growth profile at terms consistent with its previous acquisitions. We are
fortunate to be able to utilize our existing cash, minimal leverage and no
dilution to our shareholders," said Darren Pylot Silverstone's President and
Chief Executive Officer.
Closing of the transaction is subject to certain conditions to be met by both
companies and receipt of all regulatory approvals including acceptance by the
TSX Venture exchange.
An advisory fee of US$375,000 is payable upon completion of the transaction.
This fee can be paid in cash or common shares or any portion thereof at
Silverstone's election.
The following tables set forth the estimated Proven and Probable Mineral
Reserves and the Mineral Resources for the Minto mine as of June 17, 2008
based on drilling to the end of 2007. All reports referenced are available on
www.sedar.com.
Current Proven and Probable Mineral Reserves for the Minto mine are tabulated
below:
Minto Mine Proven and Probable Mineral Reserves (see notes 1,2)
--------------------------------------------------------------------------
Contained Contained Silver
Ounces Ounces Equivalent
Reserves Tonnes Copper Gold Silver Gold Silver Ounces(1)
Category (M) % g/t g/t (000's) (000's) (000's)
--------------------------------------------------------------------------
Proven(2) 8.22 2.01 0.77 7.98 203.6 2,110 16,362
--------------------------------------------------------------------------
Probable(2) 0.91 1.24 0.46 5.40 13.3 159 1,090
--------------------------------------------------------------------------
Proven +
Probable(2) 9.13 1.93 0.74 7.73 216.9 2,267 17,452
--------------------------------------------------------------------------
(1) Silver equivalent ounces are calculated by using a ratio of 1 ounce of
gold is equivalent to 70 ounces of silver.
(2) Reserves are calculated using a 0.62% Cu cutoff.
Mineral reserves were calculated by MintoEx geology and engineering staff
under the supervision of Dan Russell, P. Eng., Manager of Mining at the
Minto Mine, who is the Qualified Person under National Instrument 43-101
responsible for the mineral reserve estimate, as detailed in Sherwood
Copper's June 17, 2008 news release.
The measured, indicated and inferred mineral resources are tabulated below,
and are inclusive of the proven and probable reserves:
Minto Mine Mineral Resources (see notes 1,2)
--------------------------------------------------------------------------
Contained Contained Silver
Ounces Ounces Equivalent
Resource Tonnes Copper Gold Silver Gold Silver Ounces(1)
Category (M) % g/t g/t (000's)(3) (000's)(3) (000's)(3)
--------------------------------------------------------------------------
Measured(2) 11.46 1.78 0.66 6.85 240 2,520 19,320
--------------------------------------------------------------------------
Indicated(2) 7.83 0.91 0.29 3.24 70 820 5,720
--------------------------------------------------------------------------
Measured +
Indicated(2) 19.28 1.42 0.51 5.38 320 3,340 25,740
--------------------------------------------------------------------------
Inferred(2) 15.07 0.89 0.25 2.61 120 1,260 9,660
--------------------------------------------------------------------------
(1) Silver equivalent ounces are calculated by using a ratio of 1 ounce of
gold is equivalent to 70 ounces of silver.
(2) Resources are reported using a 0.5% Cu cutoff.
(3) Rounded to nearest ten thousand
The mineral resources discussed in this new release were estimated by Lions
Gate Geological Consulting Inc. (LGGC). Ali Shahkar P.Eng. and Susan Lomas,
P. Geol. of LGGC are the Qualified Persons under National Instrument 43-101
responsible for the estimates and has reviewed the information in this
release in respect of mineral resource estimates. See Sherwood Copper's
news release dated June 17, 2008 for additional information in respect of
the resource estimates.
CONFERENCE CALL
Silverstone will host a conference call today - Friday, November 7, 2008 - at
9:30am Pacific Time (12:30pm Eastern Time) to discuss this acquisition. The
conference call may be accessed by dialing 1.866.497.3339 in North America or
1.416.849.7332 Internationally. Please ask for the Silverstone conference
call. The conference call will be archived for later playback until November
14, 2008 and can be accessed by dialing 1.866.501.5559 and the pass code is
21288862#.
Mr. Hugh Willson, P.Geo., Vice-President, Exploration of Silverstone, who is a
"qualified person" under National Instrument 43-101, has reviewed and approved
the technical aspects of this news release. Silverstone will have an
independent National Instrument 43-101 technical report prepared on the Minto
mine within 45 days.
ABOUT SILVERSTONE
Silverstone is a silver and gold mining company with 100% of its revenue from
precious metal production. Silverstone expects to have 2008 silver sales of
approximately 2.0 million ounces and increasing to 4.5 million ounces silver
equivalent(1) in 2009. More information is available online at:
www.silverstonecorp.com.
This press release contains "forward-looking information" that is based on
Silverstone's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to Silverstone's mineral discoveries, plans, outlook and business
strategy. The words "may", "would", "could", "should", "will", "likely",
"expect," "anticipate," "intend", "estimate", "plan", "forecast", "project"
and "believe" or other similar words and phrases are intended to identify
forward-looking information.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause Silverstone's actual results,
level of activity, performance or achievements to be materially different from
those expressed or implied by such forward-looking information. Such factors
include, but are not limited to: projected sales or production rates;
uncertainties related to drilling results; the ability to raise sufficient
capital to fund exploration; changes in economic conditions or financial
markets; changes in prices for costs; litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments;
technological or operational difficulties or inability to obtain permits
encountered in connection with exploration activities; and labor relations
matters.
This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and
readers should not place undue reliance on such forward-looking information.
Silverstone disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silverstone Resources Corp. Chris Tomanik [phone] Email:
[e-mail]
Silverstone Resources Corp. Mark Patchett [phone] [phone]
(FAX) Email: [e-mail] Website: www.silverstonecorp.com
The TSX Venture Exchange has neither approved or disapproved of the contents
herein.

[mrbk1234]

Lange nichts mehr geschrieben in der Community! Aber die Nachrichten sind ja spitze!

Jetzt muss nur noch der allgemeine Trend wieder anziehen und Silverstone ist definitiv wieder vorne mit dabei...

Ich bin zurzeit, wie die meisten sicherlich, frei von jeglichen Aktien. Aber die Märkte muss man in den nächsten 2 Jahren stark im Auge behalten!

Ich lege mir die Perlen wieder in meine Watchlist und werde mit Sicherheit die ersten 100% nicht verpasssen!

Also, Adleraugen seit wachsam und achtet auf die Assests!

[Raginghammer]

Hi Leute,

auf den ersten Blick sieht SST ja ziemlich lecker aus, muß mich aber in den nächsten Tagen noch genauer einlesen.

Ich habe beim "großen Bruder" Silver Wheaton 3 Kauflimits im Markt liegen, es könnte aber gut sein daß ich die ein oder andere streiche und mir ein paar SST ins Depot lege.

Gruß
Raginghammer

[Zauberwind]

Antwort auf Beitrag Nr.: 35.932.888 von Raginghammer am 13.11.08 00:21:10

Hallo Raginghammer,

sicherlich eine gute Entscheidung Silverstone gegenüber Silver Wheaton zu bevorzugen. Wir brauchen nur noch eine gehörige Portion Geduld und Vertrauen in das Management.

[Raginghammer]

Aus der letzten PR:

Silverstone will purchase all of the gold and silver production from the Minto mine......

In der Präsentation(Seite 37) von Sherwood steht, daß sie für die Minto Mine bereits Vorwärtsverkäufe bis ins Jahr 2011 getätigt haben.

Ca. 14000 Oz/Gold und 150000 Oz/Silber pro Jahr.

Das sind mit Faktor 70( wie inder letzten PR) gerechnet 1130000 Oz Silber.


Gesamtproduktion der Mine/Jahr: 30000 Oz/Gold und 300000 Oz/Silber

Das entspricht 2400000 Oz/Silberaquivalent.

So wie ich das jetzt sehe muß man die 1130000 von den 2400000 abziehen und erhält erst dann die Produktion die SST zusteht.

Weiß hier jemand bescheid?

Gruß
Raginghammer

[Raginghammer]

Auch nicht ganz uninteressant. In der letzten PR steht, wenn das zweite Projekt von Sherwood, Kutscho in Produktion geht, dann hat SST sozusagen das Vorkaufsrecht für Gold/Silber. Das wären dann zusätzlich ca. 1000000 Oz Silberäquivalent/Jahr.

[Raginghammer]

Die Mintoabnahme zu diesem Preis ist natürlich Top, das was mich aber ein bisschen stört ist, daß sie sämtliche Cashreserven aufgebraucht und zusätzlich noch einen Kredit aufgenommen haben.

Obwohl man das aber auch pos. sehen kann, da die Aktienanzahl nicht verwässert wird.

[Raginghammer]

So, habe gerade SST angeschrieben bzgl. der Minto Vorwärtsverkäufe.

Ich werde euch dann bescheid geben.

Gruß
Raginghammer

[Zauberwind]

Antwort auf Beitrag Nr.: 35.943.655 von Raginghammer am 13.11.08 23:44:13

Die Schuldenaufnahme dürfte kein größeres Problem sein. Hier ein Auszug aus der Diskussion bei www.stockhouse.com

4. Roughly $10-$12 million of debt taken out at LIBOR + 200. However, at currently depressed Ag/Au prices, next 12 months CF will be $27 million, so they will likely pay it back in about six months. Not interested in taking on big debt in this market, so likely no deals until this debt paid down and/or stock price high enough to enable equity financing.

[Raginghammer]

Schön langsam brechen SST die Lieferanten weg:

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=7…

http://www.bloomberg.com/apps/news?pid=20601082&sid=amp3abVQ…

Bleiben die Lieferverträge bei einem neuen Besitzer bestehen?

Gruß
Raginghammer

[Raginghammer]

http://www.marketwire.com/press-release/Silverstone-Resource…

Silverstone Resources Corp.

TSX VENTURE: SST


Nov 18, 2008 09:30 ETSilverstone Provides Q3-2008 Silver Sales
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2008) - Silverstone Resources Corp. ("Silverstone") (TSX VENTURE:SST) reports sales of 386,000 ounces of silver in the third quarter of 2008 and 1.2 million ounces for the nine months ended September 30, 2008. Silverstone purchased Q3 - 2008 production at an average cost of US$3.97 per ounce. The cost of silver is fixed at less than US$4.00 per ounce through 2010.



Silverstone will release third quarter results on Monday, November 24, 2008 after market close and will host a conference call on Tuesday, November 25, 2008 at 8:30am PST (11:30am EST) to discuss these results. The conference call may be accessed by dialing 1.866.365.1119 in North America or 1.416.849.7329 internationally. Please ask for the Silverstone conference call. The conference call will be archived for later playback until December 2, 2008 and can be accessed by dialing 1.866.501.5559 and the pass code is 21289882#.

Mr. Hugh Willson, P.Geo., Vice-President, Exploration of Silverstone, who is a "qualified person" under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.

ABOUT SILVERSTONE

Silverstone is a silver and gold mining company with 100% of its revenue from precious metal production. Silverstone expects to have 2008 silver sales of approximately 1.8 million ounces and increasing to 4.5 million ounces silver equivalent in 2009. More information is available online at: www.silverstonecorp.com.

This press release contains "forward-looking information" that is based on Silverstone's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Silverstone's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Silverstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Silverstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.


The TSX Venture Exchange has neither approved or disapproved of the contents herein.

For more information, please contact

Silverstone Resources Corp.
Chris Tomanik
[phone]
Email: [e-mail]

or

Silverstone Resources Corp.
Mark Patchett
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.silverstonecorp.com

[Raginghammer]

Habe leider noch immer keine Antwort erhalten.

Mr.Tomanik meinte, ich soll im meine Telefonnummer geben, damit er mich per Telefon "updaten" kann, gemeldet hat er sich bis jetzt noch nicht.

[Zauberwind]

Was haltet Ihr von der geplanten Übernahme durch Silver Wheaton. Eigentlich viel zu niedrig. Doch das Management von Silverstone hat die Übernahme wohl schon abgesegnet.