Ellixor Financial Investments

Ellixor - investment picks for microcap stocks.

Tuesday, April 25, 2006

BCMetals Update

BCMetals, high trade so far today of $1.49

It has doubled since I first reported on it in February 14th of this year. There is still lots more upside.

BCMetals has enjoyed a quick run up in price over the last 2 days based on the prospect of a joint venture partner with deep pockets possibly coming on board to help fund the builing of the Red Chris mine. The joint venture partner is GIJCM, based out of Hong Kong. If the Joint partnership should pass this would eliminate the need for BCMetals to issue stock to fund the project and avoid dilution of the current shareholders position. However, the current shareholders will still loose some of their gains as GIJCM will require a return on thier investment at the expense of the shareholders. That being said I think this is a good development for the stock and we await the confirmation of the US$110 million financing being arranged with Investec Bank. Once the bank financing is arranged this should make for another big jump in the stock price. WE ARE IN THE MONEY ON THIS ONE FOLKS!

Tuesday, April 18, 2006

Sheffield Resources Ltd.

Sheffield Resources LTD. (SLD) Bid 0.61/Ask 0.63

Sheffield Resources Ltd.'s wholly owned subsidiary, American Sheffield Inc., entered into a contract for up to 30,000 feet of HQ gauge core drilling at its Moonlight copper project in Plumas county, California. The contract is with Ruen Drilling Inc., a California-licensed company based in Clark Fork, Idaho. Ruen Drilling was selected by American Sheffield on the basis of equipment and footage rates. Permission has been granted by the USDA Forest Service for the expanded drill program, which is scheduled to begin in mid-May after spring breakup.
The initial 2005 drill program was successful in cutting 185 metres (607 feet) grading 0.54 per cent copper and seven grams per tonne silver, followed by a deeper 68-metre-long (223-foot-long) intersection containing 0.44 per cent copper and five grams per tonne of silver. The first drill hole encountered potentially economic-grade copper mineralization at nine metres of depth in bold contrast to depths of 75 metres and 45 metres in the two nearest holes drilled by Placer Dome Inc., the previous operator. The 2005 drill program was halted to avoid potential damage to softened forestry roads occasioned by unseasonable heavy rainfall.
The exploration program is managed by Robert Wetzel, a California-registered professional geologist and qualified person. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101. David M. Jenkins, PGeo, president of Sheffield Resources, is designated the qualified person for the Moonlight copper project

Monday, April 10, 2006

Copper, Zinc and Nickel Prices Soaring on Futures Markets

Copper for three month deliery rose 3.2% to $5910 a metric ton, up $185. Zink jumped $100 or 3.6% to $2911 a metric ton. Nickel up 3.4% to $17650 a ton, its highest level since March 1989. Gold furtures also gained $9.50 or 1.5% to close at 601.80 an ounce.

China's economy expanded at 9.9% last year. the booming economies of China and India continue to increase the demand for raw materials. The IMF has said they may raise their forecast for global econcomic growth to 4.9%.

Thursday, April 06, 2006

Gold Tops $600 US an Ounce

Today, U.S. benchmark gold futures for June delivery on the New York Mercantile Exchange's COMEX division rose as high as $601.90, the highest since January 1981.
Spot gold spiked to a 25-year high of $596.50 an ounce the previous day.
Fund operators who invest over the short-term have been flocking into gold given the dollar's recent falls against the euro and as oil extended this week's big gains to close in on last year's record above $70 per barrel.
The Weaker US$ makes gold cheaper for holders of other currencies and boosts demand for gold. Gold has traditionally been seen as a hedge against inflation and rising energy prices. On the flip side, rising energy prices and interest rates raise the costs of gold mine operators. The large gold mine operators will incur higher costs to supply gold.
This squeeze on supply should lead to an expansion in supply to get back to equilibrium. This is good news for the small cap gold companies and exporation companies as smaller gold deposits become going concerns and exploration companies will be able to raise more capital to fund further exploration and mining projects. This should help the gold/copper companies like BCMetals. Over the next couple of days I plan to find some penny sock gold exporation companies to start watching so stay tuned. In addition I will be spotlighting a new stock that has hit my radar called
SHEFFIELD RESOURCES LTD (CDNX:SLD.V) a tier 2 company with some potential at a price point with little exposure and some possible upside.