Lundin Mining LUN.to LMC new mine has came online.

After very bumpy ride we have finally a good news - Lundins has delivered as promised: Aljustrel has produced first concentrate.

Silverstone resources SST.V will get boost as well: silver production from Aljustrel is going to be sold to SST.v at fixed price.

Citi analysts gave a very positive picture on Gold and Metals in light of recent reinflation afforts around the globe.

 

Silverstone Resources SST.v to add new resources in 1st Q 2008

"Silverstone Completes Definition Drilling on the Animas-Refugio Vein, Copala Project, Sinaloa State, MexicoThursday December 13, 7:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 13, 2007 -- Silverstone Resources Corp. ("Silverstone") (CDNX:SST.V - News) is pleased to report results from 44 additional drill holes (6,288m HQ core drilling) from the company's Phase IIA drilling on the Copala silver-gold project. Copala is located 60km ENE of Mazatlan, Sinaloa State, Mexico. The assay results are for infill and exploration drilling on the Animas-Refugio vein in the Clemens-El Muerto sector. Drilling has been completed in this sector of the vein and the company will release an independent resource estimate in the 1st quarter of 2008.
Highlights
- SC-07-98 - 5.59 meters grading 1.57 g/t gold and 223 g/t silver
- SC-07-99 - 7.91 meters grading 1.10 g/t gold and 138 g/t silver
- SC-07-103 - 15.53 meters grading 0.44 g/t gold and 62 g/t silver
- SC-07-105 - 7.52 meters grading 0.87 g/t gold and 153 g/t silver
- SC-07-110A - 13.9 meters grading 0.63 g/t gold and 145 g/t silver
- SC-07-125 - 4.0 meters grading 1.67 g/t gold and 214 g/t silver"

http://biz.yahoo.com/iw/071213/0339668.html

Silverstone Resources SST.v Presentation

New Silver Wheaton SLW in the making:

http://www.silverstonecorp.com/_resources/SST_Presentation_Oct_12.pdf


Notes:

1. Major shareholders Capstone Mining CS.to 22% and Lundin Mining LUN.to LMC 19%.
2. John Wright business development: Co-founder of Pan American Silver.
3. Resources 367 Moz of Silver (including all categories plus historical).
4. Fixed cost of Silver at 3.92 USD/Oz.
5. Based on 2011 production 98% discount to Silver Wheaton valuation.

Target price CAD 6.0

Upside drivers:

1. New deal on Silver Revenue Stream.
2. Existing mines resource expansion (recently announced by Lundin Mining plus 300 000 oz production from 2011 plus to recent 850 000 Oz)
Today's Capstone Mining Cozamin : Capstone Increases Resources to 8.6 Million Tonnes at the Cozamin Mine. "- The resource update yields a 47% increase in tonnage with a 51% increase in contained copper and 54% in contained silver."
3. Rising Silver price.

More on Silverstone Resources SST.v:

http://sufiy.blogspot.com/search?q=silverstone

Silverstone Resources SST.v more Silver to come

"Lundin Mining Conference Call to Discuss Neves-Corvo and Zinkgruvan Expansion Plans"

I am looking forward to find out how much Silver will be sold to Silverstone Resources now with Expansion plans. With this addition SST.v valuation will be even more favorable compare to Silver Wheaton SLW.

You still can buy "New" Silver Wheaton at 2 CAD and a change, not for a long thou.

More on Silverstone Resources:

http://sufiy.blogspot.com/search?q=silverstone

The "new" Silver Wheaton

Silverstone Resources is receiving more and more spotlight:


http://www.businessday.co.za/articles/mining.aspx?ID=BD4A577205

More on Silverstone Resources SST.v:


http://sufiy.blogspot.com/search?q=Silverstone

Silverstone Completes Purchase of All the Silver From Lundin Mining's Neves-Corvo and Aljustrel Mines

Lundin deal is closed:

"VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 28, 2007 -- Silverstone Resources Corp. (CDNX:SST.V - News) ("Silverstone") is pleased to announce that it has closed its previously announced deal (June 6, 2007) with Lundin Mining to purchase all the silver production from Lundin Mining's Neves-Corvo and Aljustrel mines in Portugal for life of mine"

More on Silverstone Resources SSt.v:

http://sufiy.blogspot.com/search?q=Silverstone

Silverstone Resources SST.v Denver presentation

New Silver Wheaton in the making:

MC 230 mil
0.700 Moz in 2007 up to 3 Moz of Silver sales in 2009
Resources over 300 Moz with historical
FCF in 2010 30 mil
Largest shareholders Lundin Mining 19% and Capstone Mining 22%

http://events.onlinebroadcasting.com/denvergold/092407/index.php?page=redirect

Silverstone Updates Silver Reserves and Resources at Lundin Mining's Neves-Corvo and Aljustrel Mines

It is very important development for new Silver Wheaton SLW in the making: Silverstone Resources SST.v effectively controls 207.6 Moz of Silver just in this one agreement. Update of Capstone Mining's Cozamin resources which is due in September 2007 will add more to this resource base. Silver cost is fixed at 3.9-4.0 USD per oz. Company is working on its own resource base in Mexico which has historical indication of more then 100 Moz. First silver revenue from Lundin deal will pour in on September 28th, 2007. Small junior will become second pure silver play with revenue stream from silver sales and with fixed cost base: it is option on rising silver price without time decay. Main shareholders are Capstone Mining CS.to, Lundin Mining LUN.to LMC and couple of investment funds: shares are very tightly held.

"VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 17, 2007 -- Silverstone Resources Corp. ("Silverstone") (CDNX:SST.V - News) is pleased to announce that it has completed its updated technical reports on Lundin Mining's Neves-Corvo and Aljustrel mines located in Portugal. The National Instrument 43-101 compliant technical reports were prepared by Wardell Armstrong International, for Silverstone titled Technical Report on the Neves-Corvo Mine, Southern Portugal dated August 2007, and Technical Report on the Aljustrel Mine, Southern Portugal dated September 2007."

More on Silverstone Resources:

http://sufiy.blogspot.com/search?q=silverstone+resources