"CORE HOLDING" Update: Roca Mines gains G-Force! (ROK-TSXv) $1.52
I recently introduced Roca Mines at $1.13 and then again while it was hovering around the $1.23 level. On October 30th, a report was put out by Institutional Research Partners LLC, targeting ROK at $5.00 within an 18 month time-frame. As of today, ROK has blasted to a new 52 week high of $1.52, representing a 34% rise since I originally mentioned it on November 1st. MicroCapMayhem was recently quoted in a StockInterview.com article called "Primary Moly Producers: One Key to the Molybdenum Price", in which I stated, “MAX shares geological similarities to Phelps Dodge’s Urad/Henderson mine, which is the largest molybdenum deposit in the world. (It is speculated that MAX, with its high-grade moly ore, is only the tip of the iceberg, hosting a much larger deposit underneath.) " The cash-flow, which Roca will generate from the sale of 3 million pounds of high-grade moly production in 2007, will pave the way for deep drilling, in an attempt to expand the MAX resource at depth. "Open at depth" simply means that there could be more molybdenum below that which is already outlined at the MAX molybdenum deposit. Deep drilling will be done to determine whether the mineralization continues into a giant Henderson-like resource, or is contained within the already outlined MAX deposit. Should a giant Henderson-like deposit be discovered, the implication for investors is enormous. To read the above mentioned article, "Primary Moly Producers: One Key to the Molybdenum Price", by James Finch of StockInterview.com, visit the following link: http://www.stockinterview.com/News/11092006/Primary-molybdenum.html To read the above mentioned article, "Institutional Research Partners Initiates Coverage on Roca Mines",visit the following link: http://www.rocamines.com/s/ResearchReports.asp?ReportID=157780&_Type=Research-Reports&_Title=Institutional-Research-Partners-Initiates-Coverage-on-Roca-Mines
Disclaimer: I am not an investment or finacial advisor. I do not recommend buying any of the securities mentioned on MicroCapMayhem. Do your own research and contact your personal investment advisor prior to the purchase of any securities. |
Great call on Roca!
And congrats on the mention in the StockInterview.xom article! Hopefully it is the start of things to come!
Keep up the great work and have a fantastic weekend!