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Starting August 1, 2009, the stocks in the gold average market capitalization per ounce of gold equivalent lists and the gold mining metrics pages are selected as follows:
Stock is already listed at GoldMinerPulse (see listing criterea below).
Entry Criteria: Stock has (or recently had) at least 30% of its market capitalization per ounce of gold equivalent in a GoldMinerPulse Metal Report from gold reserves and resources.
Exit Criteria: Market capitalization from gold reserves and resources has dipped below 20% of its market capitalization in a GoldMinerPulse Metal Report for at least one day.
Starting August 1, 2009, the stocks in the silver average market capitalization per ounce of silver equivalent lists and the silver mining metrics pages are selected as follows:
Stock is already listed at GoldMinerPulse (see listing criterea below).
Entry Criteria: Stock has (or recently had) at least 30% of its market capitalization in a GoldMinerPulse Metal Report from silver reserves and resources.
Exit Criteria: Market capitalization from silver reserves and resources has dipped below 20% of its market capitalization in a GoldMinerPulse Metal Report for at least one day.
With the 30% entry thresholds, several companies qualify for inclusion in both lists.
GoldMinerPulse's first release provides a complete list of the mining companies that are listed on either the Canadian stock markets, either the TSX or the TSX Venture (TSXV) and that also match one or more of the following criteria :
For each listed company, GoldMinerPulse provides the Canadian stock market trading symbol, complete company name and valued added links (e.g. message boards, price charts, Google map views of project locations, and other news sources specific to the company). All listings at GoldMinerPulse are free. Any listing errors and/or omissions are corrected promptly upon notification via e-mail sent to listings@goldMinerPulse.com.
GoldMinerPulse also prepares detailed NI 43-101 based metal valution reports for a small but growing percentage of listed companies. GoldMinerPulse can complete the valuation reports on a given company on an expedited basis for a nominal processing fee. Fees and current scheduling openings are available on request from services@goldMinerPulse.com.
Note: the metal valuation report for a company is exclusively based on the project location, ore classifications, ore grade and ore quantities as defined in the applicable NI 43-101 report(s). Payment of a fee for expideted coverage affects only the timing of when a company's metal valuation report is released but does not in any way impact the content of the metal valuation report. Report contents are exclusively driven by the contents of the NI 43-101 reports and disclosures.
During the 1990s, the forests of Borneo became the scene of what is now known as the biggest mining fraud of all time. An obscure Canadian mining company called Bre-X Minerals Ltd. rose to become one of the most valuable mining companies in the world. Stocks soared on the basis of claims by its small team of explorers that they had found the world's richest gold mine at Busang, a tiny airstrip in the middle of the jungle, 1,500 kilometres from Jakarta, Indonesia. Thousands of investors, including the ruling Indonesian Suharto family, bought into the company. At their peak in 1997, Bre-X shares were worth more than $4 billion, and the entire gold hoard was valued at $25 billion. Then doubts crept in. Questions were asked about the authenticity of the ore samples assembled and analysed at a remote jungle laboratory. Reserves were alleged to number 200 million ounces (6,200 t) - about eight per cent of the entire world's gold. Sceptics suggested the samples might have been adulterated - not a difficult task as there was no outside supervision and local streams routinely panned by tribesmen contained small amounts of gold that could have been used to 'salt' samples. Then, on his way to answer accusations, the chief field geologist Michael de Guzman - a karaoke-loving Filipino with a prounced limp and four wives - leapt from his helicopter into the jungle. By the time they found his body a few days later, half-eaten by forest animals, the mine had been deemed worthless and the company's value had crashed to nothing. It was discovered that core samples indeed had been salted with outside gold, including shavings from gold jewelry.
Endgame: Investors burned by the world's biggest mining fraud were dealt a further blow July 31/07 when the Ontario Court of Justice found John Felderhof, 67, former vice-chairman of Bre-X., not guilty of illegally selling $84-million worth of shares in the company. He was the only former Bre-X official to stand trial over the firm's collapse. He was charged with four counts each of illegal insider trading and issuing false press releases under the Ontario Securities Act but was not accused of involvement in the fraud that saw $6.1-billion of shareholder wealth eradicated in 1997 when tests found virtually no gold at the much-hyped Busang site in Indonesia. Civil suits are still pending.
Following the Bre-X scandal, all disclosure of scientific or technical information made by an issuer, including disclosure of a mineral resource or mineral reserve, concerning a mineral project on a property material to the issuer must be based upon information prepared by or under the supervision of a qualified person.
Furthermore, an issuer must not disclose any information about a mineral resource or mineral reserve unless the disclosure:
In our view, NI 43-101 technical reports provide an excellent tool for investors to learn not only about the mineral resource of interest at a particular project but about its location and nearby inhabitants, the geological and social history of the region and the rules and regulations governing mineral extraction - especially those that might bar or seriously hamper those efforts.
For more on these fascinating reports filed so inconveniently at user-enemy http://www.sedar.com/ SEDAR - the standards of disclosure and how the Canadian Mining Institute (CIM) determined the critieria - please see About (NI) 43-101.
The NI 43-101 is a regulation tool and it is used in Canada. Consider the following eMedia World story from 2009-02-26:
Pacific Copper Corp. Addresses Canadian Technical Information Disclosure With the British Columbia Securities Commission
On October 28, 2008, the British Columbia Securities Commission (the "BCSC"), the securities regulatory authority in the
Province of British Columbia, Canada, delivered a letter to Pacific Copper Corp. (the "Company") stating that it had
conducted a review of the Company's technical information disclosure practices under rules applicable in British Columbia.
Based upon this review, the BCSC issued a cease trade order in respect of the Company's shares, which is limited to the
Province of British Columbia, for not filing technical reports under Canadian National Instrument 43-101 Standards
for Disclosure of Mineral Projects and its Companion Policy ("NI 43-101") respecting the Company's material mineral property interests.
To remove the CTO, the BCSC has requested, among other things, that the Company file NI 43-101
technical reports in respect of its material mineral properties and issue this news release to clarify
certain of its technical information disclosure as it relates to NI 43-101. However, these clarifications do
not affect any of the Company's financial statements or other disclosure made by the Company
in any of its annual, quarterly or periodic reports filed with the United States Securities
and Exchange Commission (the "SEC").
...
British Columbia Security Commission and Pacific Copper Corp. Action.
GoldMinerPulse provides links to Yahoo News for current news and generic financial information. The StockCharts link provides best of class daily and weekly price charts and the Stockhouse link provides a discussion forum.
The database of record for companies trading on the TSX/TSXV is available at www.sedar.com. Sedar policies do not permit direct links into a company's documents. Therefore you'll need to go to the site and:
The most recent MD&A and Interim financial statements are excellent reads and as are all of the Technical Report filings.
For a more indepth search of a company and its management, you should go to the Info TSX Venture and lookup the company of interest. Check out the track record of some the management and directors by click on their names and reviewing past/other company affiliations.
For more background material please see our GoldMinerPulse R&D Forums.