Post by Catdaddy on Dec 13, 2007 9:39:18 GMT -5
Last updated at 4:27 PM on 12/12/07
Potential mine would be positive for PA: Cline
THERESA SERAPHIM
The Prince Albert Daily Herald
www.paherald.sk.ca/index.cfm?sid=88831&sc=4
The diamond exploration going on in the Fort a la Corne Forest will have many positive effects for Prince Albert, a Shore Gold official told a business luncheon on Wednesday.
“Mining … has tremendous spin-off benefits” for which Prince Albert is “ideally suited”, said Eric Cline, the company’s vice-president of corporate affairs said at a Business Builder’s Luncheon sponsored by the Prince Albert and District Chamber of Commerce.
Cline said possible jobs would be in areas such as transportation, information technology, engineering, construction, and communications, to name a few.
The Fort a la Corne site, located east of Prince Albert, “is the largest kimberlite formation in the world,” Cline said, adding the location is “very accessible” which precludes the necessity of building work camps and roads.
“There’s a running joke in our company that this is the only diamond exploration site in the world where you can have a pizza delivered.”
The Fort a la Corne area has two major projects going – the Star Diamond Project, expected to yield 276 million tonnes of kimberlite, and the Orion Project, which contains about one billion tonnes, said Cline.
Within the next year and a half, Shore Gold should complete a bankable feasibility study which will determine the viability of building a mine at the site. Right now, “it is still a speculative venture,” Cline told his audience.
While the world’s diamond supply is remaining stable, demand is increasing sharply, especially in Asia, so any mine here will be in operation for a long time, said Cline.
“It bodes well because it would keep the price up.”
Although diamonds are used in industry as well as jewelry, “we’re speculating that the diamonds from this area would be on the jewelry side” in terms of their quality, he said.
12/12/07
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Brompton 2007 Flow-Through LP Is Fully Invested
Posted : Wed, 12 Dec 2007 16:05:09 GMT
Author : Brompton 2007 Flow-Through LP
Category : PressRelease
www.earthtimes.org/articles/show/news_press_release,241085.shtml
TORONTO, ONTARIO -- 12/12/07 -- Brompton Funds Management Limited (the "Manager") is pleased to announce that as at November 30, 2007, Brompton 2007 Flow-Through LP (the "Partnership") had invested all of its available funds in a diversified portfolio of flow-through securities of resource issuers. Consequently, investors will be entitled to claim a tax deduction for the full amount of their investment against 2007 taxable income.
Morrison Williams Investment Management LP, the portfolio manager to the Partnership, has invested the gross proceeds of the offering in a portfolio of flow through shares of 18 resource companies, ranging from large-capitalization issuers to growth oriented exploration companies. Approximately two-thirds of the portfolio is invested in oil and gas companies and one-third in mining companies. The top ten holdings of the portfolio are listed below along with a general description of the nature of their businesses.
Top 10 Holdings of Brompton 2007 Flow-Through LP Portfolio as at
November 30, 2007:
----------------------------------------------------------------
Resource Issuer Nature of Business
--------------- ------------------
OPTI Canada Inc. Oil & Gas
Athabasca Oil Sands Corp. Oil & Gas
Baffinland Iron Mines Corporation Mining
Oilsands Quest Inc. Oil & Gas
UTS Energy Corporation Oil & Gas
Shore Gold Inc. Mining
Grey Wolf Exploration Inc. Oil & Gas
Kodiak Exploration Limited Mining
Laricina Energy Ltd. Oil & Gas
Connacher Oil and Gas Limited Oil & Gas
For further information, please contact your financial advisor or visit our website at www.bromptongroup.com.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Contacts:
Brompton Funds Management Limited
David Roode
Senior Vice President
(416) 642-6008
Website: www.bromptongroup.com
Copyright © 2007 Market Wire. All rights reserved.
Potential mine would be positive for PA: Cline
THERESA SERAPHIM
The Prince Albert Daily Herald
www.paherald.sk.ca/index.cfm?sid=88831&sc=4
The diamond exploration going on in the Fort a la Corne Forest will have many positive effects for Prince Albert, a Shore Gold official told a business luncheon on Wednesday.
“Mining … has tremendous spin-off benefits” for which Prince Albert is “ideally suited”, said Eric Cline, the company’s vice-president of corporate affairs said at a Business Builder’s Luncheon sponsored by the Prince Albert and District Chamber of Commerce.
Cline said possible jobs would be in areas such as transportation, information technology, engineering, construction, and communications, to name a few.
The Fort a la Corne site, located east of Prince Albert, “is the largest kimberlite formation in the world,” Cline said, adding the location is “very accessible” which precludes the necessity of building work camps and roads.
“There’s a running joke in our company that this is the only diamond exploration site in the world where you can have a pizza delivered.”
The Fort a la Corne area has two major projects going – the Star Diamond Project, expected to yield 276 million tonnes of kimberlite, and the Orion Project, which contains about one billion tonnes, said Cline.
Within the next year and a half, Shore Gold should complete a bankable feasibility study which will determine the viability of building a mine at the site. Right now, “it is still a speculative venture,” Cline told his audience.
While the world’s diamond supply is remaining stable, demand is increasing sharply, especially in Asia, so any mine here will be in operation for a long time, said Cline.
“It bodes well because it would keep the price up.”
Although diamonds are used in industry as well as jewelry, “we’re speculating that the diamonds from this area would be on the jewelry side” in terms of their quality, he said.
12/12/07
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Brompton 2007 Flow-Through LP Is Fully Invested
Posted : Wed, 12 Dec 2007 16:05:09 GMT
Author : Brompton 2007 Flow-Through LP
Category : PressRelease
www.earthtimes.org/articles/show/news_press_release,241085.shtml
TORONTO, ONTARIO -- 12/12/07 -- Brompton Funds Management Limited (the "Manager") is pleased to announce that as at November 30, 2007, Brompton 2007 Flow-Through LP (the "Partnership") had invested all of its available funds in a diversified portfolio of flow-through securities of resource issuers. Consequently, investors will be entitled to claim a tax deduction for the full amount of their investment against 2007 taxable income.
Morrison Williams Investment Management LP, the portfolio manager to the Partnership, has invested the gross proceeds of the offering in a portfolio of flow through shares of 18 resource companies, ranging from large-capitalization issuers to growth oriented exploration companies. Approximately two-thirds of the portfolio is invested in oil and gas companies and one-third in mining companies. The top ten holdings of the portfolio are listed below along with a general description of the nature of their businesses.
Top 10 Holdings of Brompton 2007 Flow-Through LP Portfolio as at
November 30, 2007:
----------------------------------------------------------------
Resource Issuer Nature of Business
--------------- ------------------
OPTI Canada Inc. Oil & Gas
Athabasca Oil Sands Corp. Oil & Gas
Baffinland Iron Mines Corporation Mining
Oilsands Quest Inc. Oil & Gas
UTS Energy Corporation Oil & Gas
Shore Gold Inc. Mining
Grey Wolf Exploration Inc. Oil & Gas
Kodiak Exploration Limited Mining
Laricina Energy Ltd. Oil & Gas
Connacher Oil and Gas Limited Oil & Gas
For further information, please contact your financial advisor or visit our website at www.bromptongroup.com.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Contacts:
Brompton Funds Management Limited
David Roode
Senior Vice President
(416) 642-6008
Website: www.bromptongroup.com
Copyright © 2007 Market Wire. All rights reserved.
