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GATA participates in Toronto conference Sept. 25-26
12:30a ET Thursday, September 16, 2010
Dear Friend of GATA and Gold (and Silver):
Cambridge House's Toronto Resource Investment Conference is only a week away, to be held Saturday and Sunday, September 25 and 26, at the Metro Toronto Convention Centre in beautiful downtown Toronto. Dozens of resource companies will be exhibiting and the speakers will include not just GATA Chairman Bill Murphy and your secretary/treasurer but GATA favorites Al Korelin of the Korelin Economics Report, David Morgan of Silver-Investor.com, U.S. Global Investors CEO Frank Holmes, Peter Grandich of the Grandich Letter, David Franklin of Sprott Asset Management, John Lee of Mau Capital, Roger Wiegand of the Trader Trax letter, and Kitco Senior Market Analyst Jon Nadler. Toronto is especially beautiful this time of year -- it will remain above ground for a few more weeks -- and there's plenty to do in the neighborhood if you ever get tired of hearing about all the money you're likely to make as an investor in resources and their producers. You can learn all about the conference and register for it here:
http://cambridgehouse3.com/conference-details/toronto-resource-investmen...
GATA hopes to see many friends there.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property
On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.
Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."
For complete information on Sona Resources Corp. please visit: www.SonaResources.com
Join GATA here:
Toronto Resource Investment Conference
Saturday-Sunday, September 25-26, 2010
Metro Toronto Convention Center, Toronto, Ontario, Canada
http://cambridgehouse3.com/conference-details/toronto-resource-investmen...
The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/
New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...
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Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
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Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16
Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
http://www.prophecyresource.com/news_2010_may11.php
