Lukas Lundin Global exploration play: Canadian Gold Hunter to buy Sanu Resources. CGH.to, SNU.v, LUN.to, TNR.v, MAI.v, HUI, XAU, CDNX

Follow the money: we always add - Smart Money. Lukas Lundin is building his global Exploration Play. We have our Junior Mining Economics in action. We have wrote before about our expectations of Sanu Resources SNU.v to be taken out by Canadian Gold Hunters CGH.to - our list of Juniors Top Picks 2009 is getting smaller! It is time to buy assets at still distressed valuations, later with Gold over 1000 USD/oz, Silver above 15 USD/oz and Copper solidly above USD 2.0/lb will be the time to strike J/V deals and sell in the Seller's market, when everybody will be thinking: how on earth we can get this kind of valuations before. But it is the future and it is not for certain - that is why Lukas Lundin is buying again at cents per dollar in our second chance of Junior Mining Investment cycle. We follow his touch and legacy. Our other juniors from the Top Picks 2009 are in the game with bold moves into Gold, Lithium and REE.

Lukas H. Lundin
"Chairman
Born in 1958, Lukas Lundin was raised in Stockholm, Sweden and educated at the Ecole Internationale de Genève in Switzerland. In 1981, Mr. Lundin graduated from the New Mexico Institute of Mining and Technology (engineering).At age 25 Mr. Lundin headed International Petroleum Corporation's extensive and rapidly growing international operations and was based in the Company's technical office in Dubai, U.A.E. for over 12 years. From 1990 to June 1995, Mr. Lundin was President of International Musto Exploration Limited and was responsible for Musto's acquisition of the Bajo de la Alumbrera deposit. Bajo de la Alumbrera was the subject of a $500 million takeover by Rio Algom and North Limited and is now one of the largest gold/copper producers in the world. Mr. Lundin was also responsible for Argentina Gold and the discovery of the multi-million ounce Veladero gold deposit. Veladero was the subject of a $300 million takeover by Homestake in 1999. In addition, Mr. Lundin was a senior Director of Lundin Oil AB and was instrumental in the $480 million takeover of Lundin Oil by Talisman Energy in 2001. Mr. Lundin is currently a Director of a number of publicly traded resource companies. Mr. Lundin has been a director of Canadian Gold Hunter since June 1995.A world traveler and motorcycle racing enthusiast, Mr. Lundin has twice completed the grueling 10,000 kilometre Dakar race across the Sahara Desert. He has climbed Mount Kilimanjaro, Mont Blanc and the Matterhorn. In the winter, he can be found helicopter skiing in Whistler and in summer, dirt bike racing with his four boys in Baja, California and has been a director of Canadian Gold Hunter since June 1995 and is now Chairman of the Board."

"Reuters: Says Sanu to operate as its subsidiary

* Sanu shares up 21 percent

July 2 (Reuters) - Gold miner Canadian Gold Hunter Corp (CGH.TO) said it agreed to acquire Sanu Resources Ltd (SNU.V) in an all-stock deal to expand its gold and base metal exploration and production activities to Africa.
Canadian Gold Hunter said it will issue 0.5725 of its shares for each Sanu share. Based on Canadian Gold Hunter's prior closing price of 36.5 Canadian cents, the deal values Sanu at about 21 Canadian cents a share, a premium of 27 percent to its previous close.
Shares of Sanu rose 21 percent to 20 Canadian cents Thursday morning on the Toronto Venture Exchange. Canadian Gold Hunter shares were down 4 percent on the Toronto Stock Exchange.
Sanu will be a wholly owned subsidiary of Canadian Gold Hunter after the deal closes, which is expected to occur by the end of August.
Former shareholders of Sanu will hold about 17.8 percent of Canadian Gold Hunter following the deal.
Canadian Gold Hunter, which has projects in Canada, Mexico and South America, said Sanu has projects in African nations like Eritrea, Republic of Congo and Burkina Faso.
For the alerts, please double click [ID:nWNAB4038] (Reporting by Arup Roychoudhury in Bangalore; Editing by Deepak Kannan)"

Canadian Gold Hunter and Sanu Resources Ltd. Enter Into Arrangement Agreement

Press Release
Source: Canadian Gold Hunter Corp., Sanu Resources Ltd.
On Thursday July 2, 2009, 8:48 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Sanu Resources Ltd. (TSX VENTURE:SNU - News; "Sanu") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") to effect a business combination between the two companies pursuant to a plan of arrangement under the Canada Business Corporations Act.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter will acquire all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options will be exchanged for replacement options of Canadian Gold Hunter, the number and exercise price of which will be determined using the Exchange Ratio. The transaction values the Sanu shares at $0.233 per share, representing a 25% premium to the 20 day volume weighted average closing price of Sanu. Upon completion of the transaction, Sanu will be a wholly-owned subsidiary of Canadian Gold Hunter and it is estimated that Canadian Gold Hunter will have 134,161,066 shares outstanding. Former shareholders of Sanu will hold approximately 17.8% of the outstanding shares of Canadian Gold Hunter. The transaction is expected to close by the end of August, 2009.
Full details of the transaction, including the terms of the Arrangement Agreement, will be included in a management information circular which is expected to be mailed to shareholders of Sanu on or about July 22, 2009. Sanu plans to hold a special meeting of shareholders to approve the transaction and related matters on or about August 17, 2009. The transaction is subject to all requisite regulatory and court approvals as well as shareholder approval of the transaction by at least 66 2/3% of the votes cast by Sanu shareholders present in person or represented by proxy at the meeting.
The transaction has been approved by the board of directors of Sanu (with interested directors abstaining) following the unanimous recommendation of a special committee comprising Sanu's independent directors. The board of directors of Sanu recommends that their shareholders vote in favour of the transaction.
Benefits of the Business Combination
- Sanu brings to the transaction a strong portfolio of gold and base metal exploration projects in Africa. Sanu's most advanced project is the Hambok deposit in Eritrea with an NI 43-101 indicated resource (at a 0.75% zinc cutoff) of 10.7 million tonnes grading 0.98% copper, 2.25% zinc, 6.84 g/t silver, 0.20 g/t gold containing 231.1 million pounds of copper, 530.7 million pound of zinc, 2.3 million ounces of sliver, 68.8 thousand ounces of gold. There is an additional inferred resource (at a 0.75% zinc cutoff) of 17.0 million tonnes of 0.85% copper, 1.74% zinc, 5.89 g/t silver, 0.19 g/t gold containing, 318.5 million pounds of copper, 652.1 million pounds of zinc, 3.2 million ounces of sliver, and 103.8 thousand ounces of gold. Please see the NI 43-101 Technical Report on the Hambok Deposit, dated January 23, 2009 and filed at www.sedar.com for details. Hambok is located 15 kilometres from the Bisha deposit being developed by Nevsun Resources and the Eritrean Government. Additional projects include carbonate-hosted copper/lead/zinc exploration in the Republic of Congo; greenstone-hosted gold exploration in Burkina Faso; as well as volcanogenic massive sulphide copper/zinc exploration in Eritrea.
- Canadian Gold Hunter holds a large, diversified portfolio of exploration projects in Canada, Mexico, Argentina, Chile, Colombia and Peru. Projects range from grass roots to advanced resource definition stage, including the Josemaria copper/gold porphyry project with a 43-101 inferred resource of 460 million tonnes grading 0.39% copper and 0.30 g/t gold at a 0.3% TCu cut-off, containing 3.9 billion pounds of copper and 4.4 million ounces of gold. (Please see news release dated December 5, 2007 for complete information). Canadian Gold Hunter's local South American exploration team has a strong track record of success including the discovery of the Veladero gold deposit, now owned by Barrick Gold, as well as the initial recognition and development of the Bajo de la Alumbrera gold mine, now owned by Gold Corp., Xstrata and Yamana.
- Combining the two companies will create one of the strongest exploration vehicles in the industry; worldwide exploration with the backing of the Lundin Group.
In connection with the proposed business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the board of directors of Sanu.
ON BEHALF OF THE BOARD OF CANADIAN GOLD HUNTER
Lukas H. Lundin, Chairman
ON BEHALF OF THE BOARD OF SANU RESOURCES LTD.
Paul Conibear, Chairman"

Lukas Lundin Global Exploration Play: Canadian Gold Hunter and Sanu Resources Business Combination Completed CGH.to, TNR.v, LUN.to, CZX.v, FST.v,

We expect Lukas Lundin to storm the junior space back with his troops. He was out of the picture for a while and put his exploration ambitions on hold consolidating Canadian Gold Hunters CGH.to, Suramina Resources and Sanu Resources. He has grown up fast first in size of the controlled assets and status of Major League by Lundin Mining and then was hit with problems followed - he was busy saving them after the crash. But now we have a few signs of his team coming back into the junior M&A market space and we would like to speculate whether it could lead to any catalyst in juniors we are following.

He has put Fortress Minerals FST.v - Gold exploration play in Russia in a good hands of J/V with Kinross Gold and Gazprom Bank on the Russian side. Kinross Gold is already mining in the Russian Far East huge Gold Kupol deposit. By way of their progress we can tell that they know how to operate in tough environment.

Lukas Lundin looks like missing from our Lithium and REE fever: we can hardly call it an "exposure" via his holdings in Canada Zinc Metals CZX.v after investing in TNR Gold TNR.v

His Atacama Minerals is a settled producer of industrial minerals and hardly can move fast in exploration as another juniors.

"3. New Energy plays are not presented in the portfolio of Lundin Group, will Lukas add to his Uranium exposure Lithium in the near future? Will he chose to go for a building the portfolio of properties himself or will buy time in the hot sector by striking deals with other Juniors? How will it play out with our Value Web interconnections in the end?"

We can see a few potential points of presence which could lead to explosive repositioning of his new Global exploration play: across continents and across commodities.

1. Canada Zinc Metals CZX.v - his Lundin Mining has a stake around 5% in the company. Now after Tongling's investment in CZX.v Chinese hold around 13%. Lundin Mining seems to be out of the picture as a minor partner, but junior holds keys to a very prospective district in Canada and we still expect M&A plays around it with rising Zinc price. Will Canada allow to slip one of the largest Zinc and Lead deposits into the Chinese hands? We hope for a nice corporate battle around this question. Now Chinese Tongling seems to be calling the shots, but they are slow in accumulating further stake according to available filing. Our point is simple - there is still a door open to get the asset at very reasonable price even paying twice the market value now. It is relevant if you are in a Zinc business and need resources and Lundin Mining is there. We expect them at least to warm up Chinese to pay a better price.

2. Should they decide to be serious about it, suddenly old investment of Lukas Lundin - TNR Gold TNR.v could come into play. It brings Lithium and REE exposure with global scale and recent announcement of TNR Gold about confirmed move into Ireland Lithium and REE exploration give us some food for thoughts with Lundin Mining active in Ireland in J/V deals with another juniors on Zinc side.

"Further Zinc-Lead-Silver mineralisation encountered by drilling and Lundin accelerates pace of earn in

"Monday, 03 August 2009 00:00
The Board of Belmore Resources, a minerals exploration company with a focus on projects in the Republic of Ireland, is pleased to announce further encouraging drill results at its Kilbricken discovery. Additionally this project is now being accelerated with Lundin Mining Exploration Limited (“Lundin”) increasing the pace of its earn in.
Lundin, which is a wholly owned subsidiary company of Lundin Mining Corporation, has now completed its initial obligated expenditure requirement of €700,000 under its joint venture option agreement with Belmore Resources signed in February 2009. Following this initialspending Lundin has decided to continue its earn-in at an accelerated pace. Lundin has a right to earn up to a 70% interest in the Prospecting Licences that Belmore currently holds in Co. Clare. To earn the 70% Lundin needs to spend up to €14.7 million over anumber of years."

We are not sure how big is the recent holding of Lukas Lundin in Minera Andes MAI.v after Robert McEwen has taken the company over, but as we mentioned before TNR Gold TNR.v with its lawsuit holds potentially keys to Majority in partnership between Robert McEwen's Minera Andes and Xstrata.

It will be interesting to see Lukas Lundin Global Exploration Play next moves: whether he will choose to grow organically with his projects or decide to stir some waters with M&A games.

Why are we paying so much attention to all these interconnections? Junior mining business is very small in money terms, but it is even smaller in number of capable people involved and to stay in the game the most important is to reduce your risks to pure geological and metallurgical uncertainties. Go where people value their reputation more then money involved: it is not the ultimate guarantee for success, but it is an insurance from disaster.

Our Value Network and Junior Mining Economics could be seen here.

"Follow the money: we always add - Smart Money. Lukas Lundin is building his global Exploration Play. We have our Junior Mining Economics in action. We have wrote before about our expectations of Sanu Resources SNU.v to be taken out by Canadian Gold Hunters CGH.to - our list of Juniors Top Picks 2009 is getting smaller! It is time to buy assets at still distressed valuations, later with Gold over 1000 USD/oz, Silver above 15 USD/oz and Copper solidly above USD 2.0/lb will be the time to strike J/V deals and sell in the Seller's market, when everybody will be thinking: how on earth we can get this kind of valuations before. But it is the future and it is not for certain - that is why Lukas Lundin is buying again at cents per dollar in our second chance of Junior Mining Investment cycle. We follow his touch and legacy. Our other juniors from the Top Picks 2009 are in the game with bold moves into Gold, Lithium and REE."

Canadian Gold Hunter and Sanu Resources Business Combination Completed

Press Release
Source: Canadian Gold Hunter Corp., Sanu Resources Ltd.
On Thursday August 20, 2009, 7:00 pm EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Sanu Resources Ltd. (TSX VENTURE:SNU - News; "Sanu") are pleased to report that the previously announced business combination between the two companies has closed.
Sanu shareholders approved the business combination at a special meeting held on August 17, 2009, and the transaction has received all the requisite regulatory and court approvals. Sanu is now a wholly-owned subsidiary of Canadian Gold Hunter. Sanu's common shares are expected to be delisted from the TSX Venture Exchange shortly hereafter.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter acquired all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options and warrants have been exchanged for replacement options and replacement warrants of Canadian Gold Hunter based on the Exchange Ratio.
Dr. Wojtek Wodzicki, President and CEO of Canadian Gold Hunter, commented, "This transaction represents a pooling of the expertise of two well-regarded exploration companies and its resulting globally diversified portfolio provides a platform for entry into all major regions. The combined entity will move forward as a more powerful and relevant company with a significantly enhanced profile in the market place. We are excited about the opportunities ahead of us and look forward to much success and growth in the years to come."
In connection with the business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the Board of Directors of Sanu.
Canadian Gold Hunter is also pleased to announce the appointment of Mr. Michael Winn to the Company's Board of Directors.
Mr. Winn served as a director of Sanu from March 2004, until the closing of the Company's business combination with Sanu on August 20, 2009. Mr. Winn is currently President of Terrasearch Inc., a consulting company that provides investment analysis and financial services to companies operating in the oil & gas mining, and energy sectors. Prior to forming his company in 1997, Mr. Winn spent four years as an analyst for a Southern California based brokerage firm where he was responsible for the evaluation of emerging oil and gas and mining companies. Mr. Winn has worked in the oil and gas industry since 1983 and the mining industry since 1992, and is also a director of several companies operating in Canada, Latin America, Europe and Africa. Mr. Winn has completed graduate course work in accounting and finance and received a B.S. in geology from the University of Southern California.
Dr. Wodzicki commented, "We are very pleased to have Michael join Canadian Gold Hunter's Board. He brings a wealth of financial and industry expertise to the Board."
Brian Bayley, Richard Clark and Neil O'Brien have resigned from the Board of Directors of Sanu to adjust for Sanu's Canadian Gold Hunter subsidiary status.
About Canadian Gold Hunter
Canadian Gold Hunter Corp. is an international, multi-commodity exploration company with a large portfolio of gold/copper projects in Canada, Mexico and several countries in South America and Africa. Projects range from grass-roots to advanced resource-definition stage.
ON BEHALF OF THE BOARD
Wojtek Wodzicki, President and CEO"

Gold and Lukas Lundin with his Midas Touch: Canadian Gold Hunter Management Change. CGH.to, SAX.to, SNU.v, CZX.v, MAI.v, TNR.v

Not everything Lukas Lundin has touched turned into gold, but a lot of things did. We are very pleased to see him building a new Exploration play for Lundin Group. Power house all across commodities and continents will make it an exploration company to come to for exposure to investment niche of Junior Explorations and for Majors for deposits. Mr Wodzicki is a CEO of Sanu Resources, can we take it from this NR that Sanu Resources will merge with Canada Gold Hunters as well? Lukas has appointed impressive board, company have properties all across Americas, necessary Expertise and Cash for development. Now is time to buy in Exploration Junior sector: valuations are still reflecting fly from risk and Naked shorting at its prime, will Lukas Lundin become an M&A play and consolidate the sector and get the best properties at this level of desperation from staving Juniors? We like the idea to be invested in Cisco Systems of Exploration early in the cycle and positioning for their Targets of M&A play.

Few connected companies which could benefit from this fast development:

Sanu Resources SNU.v another Lukas exploration play in Africa. Will this one follow its CEO and be acquired as well?

TNR Gold TNR.v J/V partner of former Suramina Resources on a number of properties and active in Argentina. Los Azules is known to Lukas Lundin from Minera Andes side where he has invested last year. Recently this Junior received a nice Lithium boost.

Canada Zinc Metals CZX.v - Lundin Mining still has 10% of the company before Chinese placement closing.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") reports that effective as of April 17, 2009, Dr. Wojtek Wodzicki has joined the Board of Directors and has been appointed President and CEO of the new Canadian Gold Hunter following the business combination with Suramina Resources Inc. ("Suramina"). Dr. Wodzicki replaces Mr. Richard Bailes who has resigned as President and CEO and from the Board to pursue other endeavours.
Concurrently, Mr. Michael McInnis and Mr. Ron Netolitzsky have resigned from the Board. Three new members joining the Board, effective as of April 17, 2009, are former Suramina board members: Dr. Patricio Jones, Mr. Paul Conibear and Mr. Lee Graber.
The new Board of Directors of Canadian Gold Hunter comprises the following people:
Lukas Lundin, Chairman
Wojtek Wodzicki, President and CEO
Paul Conibear
John Craig
Lee Graber
Patricio Jones
William Rand
In addition, Mr. Jan Christoffersen has resigned as Vice President of the Company effective April 17, 2009.
Lukas Lundin, Chairman of Canadian Gold Hunter, commented, "We would like to thank Mr. Bailes for his outstanding contribution to Canadian Gold Hunter over the years. Rick has been with Canadian Gold Hunter (and its predecessors) since 1990 and under his leadership the Company has acquired and advanced a number of gold exploration projects both in Mexico and Canada. We wish him all the best in the future."
Dr. Wojtek Wodzicki has worked in the international mining industry since 1987, managing exploration programs on five continents. Prior to joining Canadian Gold Hunter he had an impressive career with Teck Cominco Ltd. that included managing exploration offices in Bolivia, Peru, Chile, and Argentina. In 2001 Dr. Wodzicki was appointed Teck Cominco's General Manager of Exploration for North America and Europe-Africa. He holds a doctorate in Geosciences from the University of Arizona. Dr. Wodzicki also currently serves as President of Sanu Resources Ltd.
Dr. Wodzicki commented, "The new Canadian Gold Hunter has a truly outstanding portfolio of projects offering diversity, flexibility and enormous exploration potential. In fact it is an exploration portfolio that would be the envy of many of the majors. My vision for Canadian Gold Hunter is to build the Company into an international, multi-commodity exploration vehicle - the premier exploration vehicle for the Lundin Group. I wish to establish a clear model for the market that this is the vehicle for top quality exploration projects for the Lundin Group with no limits on geography or commodity. Projects accumulated may be sold, joint-ventured, developed ourselves - whatever makes the best commercial sense. We have a lot of flexibility. I very much look forward to leading this exciting new venture."
Please see attached map showing Canadian Gold Hunter's portfolio of projects: http://us.lrd.yahoo.com/_ylt=Aoqltns7r2VbXeTnVzEuwomyf88A/SIG=11ncnj6r4/**http%3A//media3.marketwire.com/docs/cgh_map_0421.pdf.
On behalf of the Board
Wojtek Wodzicki, President and CEO

Lukas Lundin's NGeX Resources is on fire today ngq.to, lun.to, czx.v, tnr.v, cuu.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck

  No news so far....

"Now we have an idea why Lukas Lundin was buying his  own "Global Exploration Vehicle" stock in the market recently - NGeX Resources added to its Gold, Silver and copper properties Potash in Erirea.
"Lukas will be again in a very favorable position after these very tough few years for the company. He can and should use his currency - shares in the company above CAD10.0 to buy another companies with sizable projects at still undervalued valuations among juniors. He should definitely, in our opinion, to study well opportunities for acquisition in CIBC report. His another company - NGeX Resources is a part of that M&A list with its properties in Argentina, Chile, Africa and Canada is moving up nicely in price these days as well. TNR Gold has a few J/V projects with NGeX Resources in Argentina. Lukas Lundin was buying recently NGeX Resources in the market."

"NGeX Resources - Another of our Summer Picks is wakening up now. Lukas Lundin's Global exploration Play NGeX Resources is finally making some progress in the market place and stock is ready to follow. The recent J/V deal with Teck Resources gave the share price a nice boost of confidence, but stock is still only a shadow of what it once was, with the portfolio of properties and very high expectations in Suramina Resources, Canadian Gold Hunter and Sanu Resources, which were all combined to constitute NGeX Resources.           

  NGeX resources has a number of J/V projects with our another Top Pick - TNR Gold, which is spiced by Lithium and REE in plus to its Gold and Copper projects. It is a very small world of quality names in resource exploration and development companies and Lukas Lundin is involved in our Chinese M&A story in Canada as well: Lundin Mining has a position in Canada Zinc Metals.

  The major asset in all Lundin companies is Mr Lukas Lundin himself and we think that this company now lacks his determination and charisma - recent CEO is not even close to what shareholders were taking for granted with Lukas. The company is very shy now of any promotion or even telling its story properly to the market place.

  With all that said, it could be the best buying opportunity again: the stock is under the radar screens at the moment. Recent drill results are coming from getting hot Eritrea in Africa. You can see the core pictures here. Lukas was always famous in trading political risk for exploration one. Eritrea had its own bad moment after the crisis with UN sanctions and lack of political stability, but Nevsun Resources is making its way with mine development now and all other juniors involved in that country seems to be following moving to the upside:"

NGeX presentation.

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NGeX Resources awarded major Potash project ngq.v, tnr.v, lun.to, czx.v, pot, bhp, rm.v, lmr.v, sqm, fmc, roc, li.v, ore.ax, lit, tck, rtp, vale

   Now we have an idea why Lukas Lundin was buying his  own "Global Exploration Vehicle" stock in the market recently - NGeX Resources added to its Gold, Silver and copper properties Potash in Erirea.

"Lukas will be again in a very favorable position after these very tough few years for the company. He can and should use his currency - shares in the company above CAD10.0 to buy another companies with sizable projects at still undervalued valuations among juniors. He should definitely, in our opinion, to study well opportunities for acquisition in CIBC report. His another company - NGeX Resources is a part of that M&A list with its properties in Argentina, Chile, Africa and Canada is moving up nicely in price these days as well.TNR Gold has a few J/V projects with NGeX Resources in Argentina. Lukas Lundin was buying recently NGeX Resources in the market."

"NGeX Resources - Another of our Summer Picks is wakening up now. Lukas Lundin's Global exploration Play NGeX Resources is finally making some progress in the market place and stock is ready to follow. The recent J/V deal with Teck Resources gave the share price a nice boost of confidence, but stock is still only a shadow of what it once was, with the portfolio of properties and very high expectations in Suramina Resources, Canadian Gold Hunter and Sanu Resources, which were all combined to constitute NGeX Resources.           

  NGeX resources has a number of J/V projects with our another Top Pick - TNR Gold, which is spiced by Lithium and REE in plus to its Gold and Copper projects. It is a very small world of quality names in resource exploration and development companies and Lukas Lundin is involved in our Chinese M&A story in Canada as well: Lundin Mining has a position in Canada Zinc Metals.

  The major asset in all Lundin companies is Mr Lukas Lundin himself and we think that this company now lacks his determination and charisma - recent CEO is not even close to what shareholders were taking for granted with Lukas. The company is very shy now of any promotion or even telling its story properly to the market place.

  With all that said, it could be the best buying opportunity again: the stock is under the radar screens at the moment. Recent drill results are coming from getting hot Eritrea in Africa. You can see the core pictures here. Lukas was always famous in trading political risk for exploration one. Eritrea had its own bad moment after the crisis with UN sanctions and lack of political stability, but Nevsun Resources is making its way with mine development now and all other juniors involved in that country seems to be following moving to the upside:"

NGeX presentation.


NGeX Resources awarded major Potash project.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2010) - NGEx Resources Inc. (TSX:NGQ) ("NGEx" or the "Company") is pleased to announce that it has been granted the Bada Potash Exploration License located in the Danakil Depression in Eritrea. This large license, encompassing over 431 square kilometers, is located 30 kilometres inland from the Red sea port of Mersa Fatma and 150 kilometres southeast of the capital city of Asmara. To view the attached map, please click here: http://media3.marketwire.com/docs/NGQ1206m.pdf.

The Bada license is situated within the northern portion of an evaporite basin extending southward into Ethiopia, where exploration in the 1960's resulted in the discovery of the large Crescent and Musley potash and sylvite deposits. Allana Resources Inc. have been drilling an area north of the Musley deposit and have reported an inferred resource of 105.2Mt grading approximately 20.8% KCl (sylvite and kainite) (Allana press release dated September 17, 2008). BHP-Billiton and Sainik Coal Mining, a leading Indian coal mining company have large exploration licenses in the Ethiopian portion of the basin south of the Crescent and Musley deposits. In the Eritrean part of the basin, South Boulder Mines Ltd. have announced the discovery of shallow potash mineralization near the village of Colluli in Eritrea, 20 kilometres north of Musley and 30 kilometres southeast of Bada. South Boulder reports shallow potash-bearing horizons up to 19.7 metres thick averaging 20% to 25% KCl (see South Boulder Mines press release dated October 18, 2010). South Boulder have announced plans for a pre-feasibility scoping study for low-cost open-pit mining at Colluli. 

The Danikil Depression is known to continue northeast from Colluli and is believed to have potential for potash-bearing beds on the Bada license. However, only very limited historical exploration work has been done in the license area to date. Initial reconnaissance at Bada by NGEX found extensive shallow alluvium cover, young volcanic rocks or recent marine evaporites, with potential for potash-bearing rocks under much of the license area. 

Exploration of the license will start in January, 2011. The initial phase will be to confirm the evaporite sequence and then to drill test the shallower portions of the basin for potash mineralization.

The Bada license area offers several significant advantages for any future operations. The area has easy access to the port of Mersa Fatma to the northeast, alluvial fans on the southeast side of the depression could be a viable source of fresh process-water, and the shallow nature of the mineralization found to the south at Colluli suggests the feasibility of low-cost open pit mining. NGEX's Eritrean subsidiaries, have a 12 year operating history the country and a strong technical and support team.

Wojtek Wodzicki, President and CEO of the Company, commented, "We believe that there is potential for a significant potash discovery on the Bada license and we are excited about starting work on this new and unexplored portion of a major, world-class potash basin."

Dr. Demetrius Pohl, a Qualified Person as defined by National Instrument 43-101 has reviewed and verified the technical information contained in this news release.

On behalf of the Board,

Dr. Wojtek Wodzicki, President and CEO

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Global Exploration Play in Gold, Silver, Copper and Potash: Lukas Lundin increases his stake in NGeX Resources ngq.to, tnr.v, lun.to, czx.v, sgc.v, cuu.v, rvm.to, grc.to, mgn, fvi.to, auy, slw, rvm.to, epz.v, ktn.v, bva.v, bvg.v, abn.v, jnn.v, ura.v, mxr.to, asm.v, laq.v

  Now we know who was making that big cross in the NGeX Resources - Lukas Lundin has increased his stake in this global exploration play with active projects in gold, Copper and Silver across Canada, Chili, Argentina and Africa and now a major Potash project in Eritrea.

"Now we have an idea why Lukas Lundin was buying his  own "Global Exploration Vehicle" stock in the market recently - NGeX Resources added to its Gold, Silver and copper properties Potash in Eritrea.
"Lukas will be again in a very favorable position after these very tough few years for the company. He can and should use his currency - shares in the company above CAD10.0 to buy another companies with sizable projects at still undervalued valuations among juniors. He should definitely, in our opinion, to study well opportunities for acquisition in CIBC report. His another company - NGeX Resources is a part of that M&A list with its properties in Argentina, Chile, Africa and Canada is moving up nicely in price these days as well.TNR Gold has a few J/V projects with NGeX Resources in Argentina. Lukas Lundin was buying recently NGeX Resources in the market."

"NGeX Resources - Another of our Summer Picks is wakening up now. Lukas Lundin's Global exploration Play NGeX Resources is finally making some progress in the market place and stock is ready to follow. The recent J/V deal with Teck Resources gave the share price a nice boost of confidence, but stock is still only a shadow of what it once was, with the portfolio of properties and very high expectations in Suramina Resources, Canadian Gold Hunter and Sanu Resources, which were all combined to constitute NGeX Resources.           

  NGeX resources has a number of J/V projects with our another Top Pick - TNR Gold, which is spiced by Lithium and REE in plus to its Gold and Copper projects. It is a very small world of quality names in resource exploration and development companies and Lukas Lundin is involved in our Chinese M&A story in Canada as well: Lundin Mining has a position in Canada Zinc Metals.

  The major asset in all Lundin companies is Mr Lukas Lundin himself and we think that this company now lacks his determination and charisma - recent CEO is not even close to what shareholders were taking for granted with Lukas. The company is very shy now of any promotion or even telling its story properly to the market place.

  With all that said, it could be the best buying opportunity again: the stock is under the radar screens at the moment. Recent drill results are coming from getting hot Eritrea in Africa. You can see the core pictures here. Lukas was always famous in trading political risk for exploration one. Eritrea had its own bad moment after the crisis with UN sanctions and lack of political stability, but Nevsun Resources is making its way with mine development now and all other juniors involved in that country seems to be following moving to the upside:"

NGEx investor Lorito increases shareholding
2010-12-15 18:15 ET - News Release
Mr. Aksel Azrac of Lorito reports

LORITO HOLDINGS S.A.R.L. AND ZEBRA HOLDINGS AND INVESTMENTS S.A.R.L.: CORPORATE UPDATE

On Dec. 9, 2010, Lorito Holdings acquired 3,034,200 common shares of NGEx Resources Inc. at a price of $1.197258 each for total consideration of $3,632,720.22.

The common shares were acquired by Lorito through the trading facilities of the Toronto Stock Exchange. Prior to the acquisition of the common shares, Lorito held 5,615,400 common shares of the company or 3.8 per cent of the issued and outstanding share capital of the company, and Zebra Holdings & Investments owned 15,411,841 common shares of the company or 10.5 per cent of the company's issued and outstanding share capital. The two entities now own a total of 24,060,541 common shares or approximately 16.4 per cent of the company's current issued and outstanding share capital.

Lorito acquired securities in the company for investment purposes only and Zebra and Lorito may, in the ordinary course of their business, acquire additional securities of the company depending on market and other conditions.

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How to Play Commodities, Gold and Silver Market from this consolidation stage. CS

As usual here are only my thoughts - in order to convert them into money you need discipline, desire to learn and action. One small obstacle before you will proclaim yourself next Sir Warren - you need capital. If you are looking for bets to leverage your house upon these ideas are not for you. Never play with your house or even lunch money.

To read further you should buy my reinflation approach: all markets are oversold, managed devaluation of USD is the only cure from complete financial disaster in USA, in order to resolve dead freeze in the credit markets all central banks are pumping liquidity like crazy. Debase of USD will provide solid support for all Hard Assets; Gold and Silver as store of real value will benefit the most. The good news here are that now all governments joined the game after Canada's and Bank of England rate cut. People will realise that game of musical chairs: who will devalue most to protect the export trade will left no single "solid" FIAT currency, inflation is eroding value of currency, any increase in money supply is inflation. Now we are talking about bail out of the housing sector in USA, it means huge moral and financial hazard in form of easy credit one more time. I still think that China stock market will correct 20%-30% from here just to get to the solid uptrend line. But do not confuse yourself with crash in the market and China's economy. It is planed economy: all those bridges, roads, ports and power stations are planed. They will always punish foreigners and even domestic speculators by cooling the market, but will never let their Bull in Infrastructure to stop. It is the only defence against USA losing its World Power status and against poor rural people of China's upraise. If flag ship of "free trade" is talking and making bail out of poor Friends from Wall Street (I hope you are not seriously thinking that somebody is taking care about fox from Alabama, otherwise buy treasuries), what will prevent China from use its 1.5 trillion reserve mostly in paper USD nominated assets? I do not take End of The World approach here: before it will happen you will be able to lose your capital few times, so stay concentrated.

Next most exiting gains will be realised in Junior mining sector, which is extremely oversold now and providing very good Entry point. Junior mining is very small, risky and volatile sector, but it is exactly what you need to make money.

Junior mining cycle is well described in latest Sanu Resources SNU.v presentation visit their site. We need trusted management, initial resource base and their ability to rase money and extend resources. If it is exploration company without any NI 43-101 resources it is more risky play, but pay off in case of discovery will be handsome. To increase your chances go for management with proven track record, exploration on old mine camps closed due to low prices and historical resources, which hopefully could be confirmed. You have double leverage of rising underlining commodity price and increasing resources base. Recent problems with Nova Gold have shown that marginal economic projects will stay marginal, rising cost of building mine and of production will put them again on hold before higher commodity prices. It is a good thing if you do not own this stocks, it means that all that excess supply will never materialise, you can not switch your decision to build mine like traders are changing their mind: it is billions of dollars and 7-10 years of hard work. So this lesson teach us that we should always diversify in this field and go for political risk in order to reduce technical risk: not so many discoveries are made, not every one of them will become a mine. My own track record with Tenke Mining TNK.to is providing support for my educational efforts. I was blessed to accumulate starting from 0.9CAD and this last April it was bought out by Lundin Mining LUN.to LMC for 25CAD. Now I think Lundin Mining LUN.to LMC is presenting itself very interesting take over play. I will mention few companies here, disclosure: I have positions in all of them. Search my blog for more information availible. Almost all of the mentioned companies updated their presentation, study before making any move.

TNR Gold TNR.v - very risky long term hold position - call on Gold and Commodities upside without time decay: no resources yet other then historical, but recent developments are very interesting. Management has changed strategy and will explore most promising properties in Argentina by themselves: namely El Salto is under drill now, Eureka and El Tapau will be early in next year. Los Azules property is going into feasibility stage and operator Minera Andes MAI.v has started new drilling programme. Now they have found serious money supporting their new strategy, more institutions are coming on board via Pasific International. Management is buying themselves and new website is showing serious investment relations approach. Recent spike and going into accumulation stage is presenting very good Entry point and was due to unfolding 5mil shares position of Tenke Mining which was transfered into Lunding Mining. Lundin Mining has position in Suramina Resources SAX.to which is concentrating their efforts on Cerro Cuadrado project, more below. Hari Varshney has came on Board of TNR Gold, his family is behind Mantle Resources MTS.v backed by Lundins. Needless to say now after all words sad drill results will matter and mineralisation hit at El Salto could change the stock overnight.

Lundin Mining LUN.to LMC - take over play in basic metals sector. Very good Entry point now with Zinc, Lead and Copper under pressure due to world wide recession fears. Recent and coming Fed rate cuts will propel commodities prices further, resolving of Congo Tenke Fungurume will catalyst new Bull Leg Up here, new mine Aljustrel is coming into bottom line as well. It is best commodity mix in the Old world: Cu, Zn, Pb, Ni in Europe with huge calls on Cu-Co in Congo and Zn in Russia.

Silverstone Resources SST.v - new Silver Wheaton SLW in the making. Just recently PP of 50 million was done at 2.9 CAD almost overnight. Now you can buy below Big Guys who are trying not to miss second chance. Lundin Mining and Capstone Mining CS.to are holding 38% of the company between themselves. Call on Silver without time decay. Aljustrel put into production by Lundin Mining will ignite the new run and market is waiting what recent financing was made for: new silver stream is in the making for sure and this recent bearishness is the best time to strike a good deal.

Sterling Mining SRLM.ob SMQ.v - famous Sunshine mine is coming into production again. Impressive resources are now confirmed by NI 43-101 and management promise to start the mine by Xmas. It did not came without the price: few recent financings put Fully Diluted float into over 50 mil shares and put stock under pressure - it is now very good Entry point to play this metamorphose into Silver producing company. Watch the video on site.

Suramina Resources SAX.to - another Lindin play on South America this time. The company took all SA assets after Lundin Mining take over of Tenke Mining. Recently resources at Jose Maria were increased. Company now is very active on the border of Argentina and Chile on new Cerro Cuadrado discovery silver-lead-zinc. Vicuna is a copper-gold porphyry and third major project at the moment. Go to http://www.caseyresearch.com/freeResearch.php

register for Exploration league and read interview with CEO Patricio Jones. The guy was behind Bajo de la Alumbrera and Veladero discovery and development. He is talking about Argentina and "Cerro Cuadrado is going to be a mine"

Avino Silver and Gold Mines ASM.v - Regarding AVINO Silver ASM.v I am still holding the position, this is the long shot: I am dissapointed with their progress, looks like they need new blood to get the full potential. Now at this level only their infrastructure cost more then market cap: all resources are "free". Problem here is that they never reported new resource estimations: results are good, grade is OK, but we need resources and final push out in this company. General for Silver December will be ignited month in new Leg up according to my charts.

Continuum Resources CNU.v - has took a hit recently when they was not able to establish J/V on their optioned property Natividad in Mexico. Now stock is traded at level below latest PP and only value in San Jose property where Fortuna Silver is operator accounted for. Among shareholders are Sprott with 19%, Agnico-Eagle with 15.3% and Fortuna Silver with 8%. Any positive change in Natividad status will push stock higher. Market is not giving any value to their other properties in Mexico.

Sunridge Gold SGC.v - is a Lundin Mining strategic investment in Eritrea Africa. Lundin Mining owns 16% of the company. Just recently company issued encouraging "Sunridge Gold Announces Indicated Resource Estimate For Emba Derho Vms Deposit"

"Sunridge Gold Corp. (SGC/TSX.V) announces an initial NI 43-101 compliant independent resource estimate for the Emba Derho zinc-copper-gold volcanogenic massive sulphide (VMS) deposit, on its 100% owned Asmara Project, Eritrea. This estimate is almost entirely in the "Indicated" category, with the total combined Indicated resources in the primary zinc and copper zones containing 1.7 billion pounds of zinc, 735 million pounds of copper, 402,000 ounces of gold and 15 million ounces of silver. The deposit is still open, particularly to the northwest. The estimate meets the Company's stated objectives in terms of size, average grade and the potential for a large open-pit operation."

Mantle resources MTS.v - another Lundin Mining strategic investment with just under 10% participation.

“Mantle Resources Inc.’s Akie deposit is a sedimentary exhalative (“SEDEX”) zinc-lead-silver deposit formed during one of the great ages of zinc mineralization. Another SEDEX zinc-lead-silver deposit of the same age that formed under very similar geological conditions to Akie is the 'Giant' Red Dog deposit, operated by Teck-Cominco and located in the Brooks Range of northern Alaska. Red Dog is the largest zinc mine in the world and is one of the largest accumulations of zinc+lead mineralization – more than 32 Mt contained zinc+lead metal.”
- Neil O’ Brien, Senior Vice-President of Exploration and Business Development, Lundin Mining Corp.

Lawrence Roulstone:

http://www.mantleresources.com/032006/files/en/asp/ir/pdfs/Mantle%20May%2007.pdf