The company expects 2011 cash flow from JV agreements to be $860,000. That cash flow goes a long way in meeting operational overhead.
The clear benefit to stakeholders is reflected in a fully diluted O/S of 63,100,000 giving a newly beat down market capitalization around $13 million.
With no need for icky dilution, a steady cash flow assured, AND JV partners picking up most of the bills, the company has been able to advance a number of various projects at once.
The most notable is the San Roque project, a Gold, Silver, Indium, Zinc resource.
| Recent significant cores included 143 m of 0.74 g/t Gold, 27.2 g/t Silver,|
0.37% Lead, 0.55% Zinc and 11.7 m of 174 g/t indium.
NovaGold Resources may earn up to 49% interest subject to a $3m work program and $100k over each of the next two years.
"MARIFIL EXPANDS LITHIUM HOLDINGS IN CATAMARCA PROVINCE"
Marifil Mines Ltd. has applied for two additional lithium cateos (mining claims) in Catamarca province, Argentina.
The new cateos cover an area of 11,848 hectares. The Catamarca lithium project now includes nine cateos totalling 23,661 hectares.
Anomalous amounts of lithium, boron and potash were found on the company's Antofalla II and Cachari Pampa claims.
|Readers should exercise extreme caution when tormenting wild animals in their natural habitat. We have recent footage showing this disturbing animal cruelty against Bambi.|
Huzza for antelope timing and score one for the environment. Good thing for bicycle boy South African antelopes aren't carnivores ... just REALLY annoyed and bullies.
Penny Stock Journal