Wednesday, November 15, 2006


eee... my micro-small cap babies!
Triple good news today! And in the words of the great Dave Chappelle, I'm Rick James! I'm rich bitch! But long-term greedy, not short... and though this feels good... let's see some risks, and

Let's see if the hike lasts!

ETLT hiked 26% today on earnings due to significant increases from the E-Sea acquisition (that everybody thought was moot). Sales of embryo transfers declined as expected, but offset by increases in sale of meat. This will probably be just another blip on the stock-chart, because the long-term viability of this company is still in question... not to mention... is the 39m cash and no debt real on their balance sheets, and if it is indeed real why do they have an enterprise value that's still below it. It's a nice small bet in the portfolio... due to the tremendous upside potential, but in case everything goes south, it is, after all a smallllll bet (but still profitable!)

GRZ hiked 10% today on news from Crystallex that a forum between the Canadian companies and the Venezuelan government political and commercial entities of MARN. The news wasn't even GRZ's... but I guess investors got a whiff that... hey... now there's more certainty regarding the recovery of the properties. Of course, no one exactly knows what the "agreements" as a condition to getting the Permit to Impact Natural Resources is, but I don't think anybody cares at this point. Now it's just a nice thing to know that their concessions won't be expropriated or forced into 50% joint ventures. Political risk is still there, but I think we can all take a breather at least.

GBN announced new developments in their Hollister joint venture property in Nevada, and man I've never seen Au results so good. As opposed to before, these new holes seem to prove that not only is Ivanhoe a viable project for silver, but the gold is not so bad either--in fact, this is what the company highlighted:

- Hole HDB-045 intersected 9.2 ft (2.7 m) grading 1.12 oz/t (34.8 g/t) Au and 5.85 oz/t (202.3 g/t) Ag from 344.1-355.0 ft (104.9-108.2 m).

- Hole HDB-048 intersected 3.8 ft (1.1 m) grading 1.27 oz/t (43.4 g/t) Au and 6.15 oz/t (212.6 g/t) Ag from 132.4-136.2 ft (38.9-40.1 m).

- Hole HDB-049 intersected 2.7 ft (0.8 m) grading 3.46 oz/t (118.6 g/t) Au and 32.04 oz/t (1098.5 g/t) Ag from 92.2-95.3 ft (27.1-28.0 m).

- Hole HDB-050 intersected 1.9 ft (0.6 m) grading 7.22 oz/t (247.5 g/t) Au and 34.4 oz/t (1179.4 g/t) Ag from 236.8-239.1 (72.2-72.9 m).

- Hole HDB-057 intersected 1.8 ft (0.5 m) grading 4.13 oz/t (141.6 g/t) Au and 23.70 oz/t (815.6 g/t) Ag from 248.2-250.0 ft (73.0-73.5 m).

- Hole HDB-062 intersected 1.8 ft (0.5 m) grading 7.42 oz/t (254.4 g/t) Au and 41.6 oz/t (1426.3 g/t) Ag from 129.2-131.1 ft (39.3-40.0 m) and 1.6 ft (0.5 m) grading 1.30 (42.48 g/t) Au and 3.61 oz/t (123.8 g/t) Ag from 140.8-142.8 ft (42.9-43.5 m).

- Hole HDB-063 intersected 3.8 ft (1.1 m) grading 3.81 oz/t (130.3 g/t) Au and 25.8 oz/t (884.6 g/t) Ag from 126.8-131.4 ft (38.6-40.0 m).

Yeah, they might run into some investor backlash when it comes time to finance, but with Burnstone and this baby, it's now officially 50 cents on the dollar. What could go wrong? Project time lines, gold & silver price fluctuations... still GBN pays off handsomely.

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