Friday, October 12, 2007

Unlocking the Riddle of Kilgore Minerals: Gold Exploration Inside a Uranium Company?

Unless you are a subscriber to Robert Bishops Gold Mining Stock Report, you may not have heard about this budding uranium development company. The companys share price had a healthy rally after the San Francisco Gold Show, last November, when Kilgore Minerals (TSX: KAU) was discussed as a potential takeover candidate. Shares in this little-known minerals company catapulted from the C$0.50 0.60 range to as high as C$1.13/share by February 6th. Pinetree Capital (TSE: PNP), itself a red-hot stock whose shares have quadrupled since early November, announced it had purchased approximately 10.5 percent of Kilgore Minerals (and if the convertible securities were exercised, its ownership could reach 12.9 percent).

What is the excitement over Kilgore Minerals? Norman Burmeister is hardly the promotional type. Even his good friend, letter writer Robert Bishop, describes the company as non-promotional. During our interview, it occurred one might think of Kilgore Minerals as a uranium company inside a gold exploration company. That should become apparent as you continue reading this. And the question was posed to Mr. Burmeister, At the end of this year, will Kilgore be better known as a gold or uranium company. After a long pause, he responded, The objective here is to build a mining company.

Far from the very promotional Howe Street area, where the majority of the TSX Venture exchange companies have offices, Burmeister is nearly reclusive in a small town in Wyoming. Its about ten miles to the nearest stop light, he told StockInterview. Actually, Dubois, Wyoming where youll find Mr. Burmeister is less than 80 miles away from Yellowstone National Park. (Keep driving west on US 287, and youll be in Montana.) When we hear a company CEO talking up that hes going to build a mining company, the phrase grain of salt comes to mind. But a careful review of Mr. Burmeisters resume will snap even the most cynical out of that frame of mind, starting with his graduation from the Colorado School of Mines as a geological engineer. (See bio snapshot at the end of the article.) Hes found and developed a gold mine, found deposits, sold them to a major company. Been there, done it, and now hes ready for something even bigger.

Kilgore Minerals Uranium Projects

Now, Burmeister has got three gold and 12 uranium properties. The uranium properties are convincing, and the company plans a drill program on one, in Nevada. We are in the process of permitting one property for a summer drill program. Its a Nevada property that was drilled out by Utah Mining and Construction, which became a division of General Electric. It subsequently became Pathfinder Mines, when GE was ordered to divest their uranium mining and producing facilities. Hes referring to the companys 46-claim Mountain West property in Elko, Nevada. One might suspect the hand of Dr. Dieter Krewedl in this property selection. Dr. Krewedl was vice president of exploration for Pathfinder in 1990 1995 (and also serves on the board of directors of Strathmore Minerals).

Its not the largest property in our portfolio, but its handy, Burmeister said humbly. Its in a good jurisdiction in ELKO County, Nevada. Its something that we can get permitted and move forward. Its a relatively low cost type of operation. Its something we think our company with our resources can advance significantly within a budget that isnt going to commit the companys entire resources. Burmeister believes the Nevada uranium asset may have a good grade. Its near surface with essentially a low stripping ratio, so it could be mined with a slot type of mining operation, he explained. When a deposit is relatively shallow, the slot type mining method can be used, similar to how a quarry is mined.

His two Wyoming properties in Crook County, comprising 122 claims, were previously drilled by different major companies in each of the three claim blocks. Homestake Mining drilled over 3,000 holes as late as the mid 1980s on the 48-claim New Group block. In one area alone, within a 40-acre tract, over 250 holes were drilled (about six holes per acre). Bethlehem Steels 2 claims in the Oshoto Group consist of an admittedly a small property. But it is right in the center of what was developed in the late 1970s, Burmeister insisted. The joint venture, between Bethlehem Steel and a California-based oil company, did a successful test ISL operation on the property in 1979. As they were winding down the test, and evaluating the results, they had to contend, as did many other uranium exploration companies, with the public outcry after Three Mile Island.

Another uranium property block, the 72-claim Wood Group, was also extensively drilled, by Homestake and Pioneer Nuclear. It is estimated several hundred holes explored the property, and 115 holes were drilled on one 160-acre tract. Burmeister hinted his uranium package was still being assembled. The companys website notes, The Company will continue its efforts on the location and acquisition of historic data associated with its portfolio of uranium properties.

What tickles Norman Burmeisters fancy about this area? It is the Inyan Kara group, he said. His leases are part of a much larger package. There is roll front Cretaceous sediment that surrounds the Black Hills. We have properties on northern part of the system in Montana, we have properties on the western flank, and this is in addition to lands on the roll front on the eastern flank of the Black Hills. And what makes this important? Its the equivalent to the stratigraphic unit that has been highly productive in the Powder River Basin, explained Burmeister. Its also been productive at its southern extremity in South Dakota in the Edgemont District.

Others have been announcing uranium leases in Wyoming, and the state has become a hotbed of claims announcements in recent months. How did Kilgore Minerals come across these? We came by some information in a package of data we purchased that included the definitive location of the roll front, explained Burmeister. I dont think that information was widely known. Thats why these leases were not picked up in the past. I think folks didnt know where that roll front was. That roll front was defined by a major uranium company with over 15 years of exploration in the area, having drilled I dont know how many thousands of reconnaissance drill holes of these things, like one per square mile, over several counties: northeastern Wyoming, southeast Montana, and western South Dakota. That information led to the definition of the roll front where these uranium deposits occur. With that said, Mr. Burmeister is quietly confident.

The Kilgore Gold Project

But which project gets Norman Burmeister talking breathlessly? Ask him about the companys Kilgore gold property in southeastern Idaho. Im very excited about this project, said Burmeister. It was a property that was very high on Echo Bays list. At the time they were active, Echo Bay was one of the major gold explorers of the world. They had a very large budget. This was one of their top projects, possibly even their top project. Indeed, Echo Bay had drilled 122 holes (82,987 feet of drilling) in 1994-96, and bought out Placer Dome for 100 percent ownership of the property. The collapse of junior gold exploration in 1997 led to the project (and all Echo Bay projects) being shelved. Kennecott, Placer and Pegasus each drilled the gold property between 1983 and 1994. Kilgore Gold (wholly owned subsidiary of Kilgore Minerals) acquired 100-percent ownership of the property, after the exploration industry had contracted. The smart buy at the bottom of the cycle, which is what Norman Burmeister did.

During 2006, the main show for Kilgore Minerals will likely be the summer drilling program on the Kilgore gold property, comprising 150 unpatented claims over an area of approximately 4.7 square miles. The technical report (National Instrument 43-101) was filed on the property by G.H. Rayner and Associates, which estimated 218,000 ounces of gold indicated and 269,000 ounces of gold inferred. To ascertain that estimate, nearly 200 diamond and reverse circulation drill holes for more than 126, 000 feet were completed. Major gold companies spent more than $8 million to bring this property to this level of understanding.

As a resource, less than 500,000 ounces is a small deposit. However, a drill intersection, during the summer 2004 drill program, struck a 10-foot section averaging 0.465 ounces/tonne or 14.5 grams per tonne gold. Designated the Elsa Zone discovery hole, the intersection found that gold sample more than 4,600 feet from the 487,000-ounce gold resource.

A preliminary structural investigation by Stanton W. Caddey, a highly respected geological consultant, concluded in an October (2003) report:

The Kilgore prospect area represents a high quality gold project, much of which remains to be drill tested. Most the previous drilling was focused along a peripheral or satellite segment of the main hydrothermal system. The primary exploration potential is for a bonanza, epithermal, gold-rich vein system localized along the major N60W-trending McGarry Canyon NW fault zone and subordinate faults in the area referred to as Dog Bone Ridge Exploration potential at the Kilgore property for more than doubling the present gold resource with further exploration drilling is regarded as excellent.

In May 2004, Mine Development Associates of Reno, Nevada completed a scoping level update of Echo Bays 1996 initial engineering assessment of the Kilgore project. Neil B Prenn, P.E., agreed this is a large epithermal gold deposit, hosted in volcanic and sedimentary rocks, and the resource is hosted within quartz stockwork and in silicified sedimentary rocks. In reviewing Echo Bays work, he observed that instead of calculating a reserve for the property, they described an estimate with high confidence, the potential mineable part of the resources, at 10.087 million tonnes, averaging 1.28 grams/tonne, containing 417,000 ounces of gold. The engineer concluded, The project appears to have reasonably attractive economics if the potentially mineable material can be doubled at $375/ounce gold price.

Burmeister believes the best is yet to come. His summary of Echo Bays previous drilling was simple and to the point, They were focused on a low-grade open pit occurrence, which is very nice. It has a significant resource. In their enthusiasm to move that particular aspect of the project forward, I think they did not have the chance to step back and look at the overall hydrothermal system, which we have done. Burmeister added, We think the best may be yet to come by exploring for a high grade underground type of operation which is very much in favor these days.

The successful drill hole was a blind discovery at 410 feet of depth. Burmeister clarified, saying The first hole that we drilled, we were successful in discovering a blind high grade occurrence of gold beneath the barren sinter. He realized the mistake made during the 2004 drill program, In our enthusiasm to get our arms around this target area, which we call the Dog Bone Ridge area, we took enormous step-outs, and never offset that high grade hole. Subsequent holes were all interesting, museum quality realgar mineralization and stibnite mineralization, which are diagnostic of the epithermal model were testing. We got anomalous gold, but we didnt get any ore grade material.

The Dog Bone Ridge area, as determined by geochemistry, geophysics, geology and structure, is at least 6,000 feet long and 1,800 feet wide. Burmeister explained his better understanding of the target area, We think this is a very recent geological occurrence, and has not been eroded. Typically, there is no gold on the surface on these systems. It comes as the result of boiling. The gold is precipitated out at that level and does not reach the surface. Were actually dealing with a paleo-surface. Our discovery hole was deeper in the system, below the zone of boiling. So I dont think the other drilling we did, the other core holes, they did nothing but reinforce our interpretation of the system.

In July, Kilgore Minerals will proceed where drilling left off in 2004. A recent news release announced, The summer 2006 drill program is expected to commence in July with the first holes designed to offset the Elsa Zone discovery. There are a number of Elsa look-alike definitive targets within the overall Dog Bone Ridge target area that will also be tested. How does Norman Burmeister explain this in laymans terms? Were going to offset that discovery hole and find out what thats all about, he told StockInterview. Well go about the business of evaluating that project because its all prospective. We were targeting a projected structural intersection of which there are many. The success we had with that first hole, its not unique in terms of what we know in the geophysics, the geology, the structure and the geochemistry. Thats not to say that all of those targets are going to be successful, but the size of this system indicates it can host a very significant resource.

It was an exciting discovery hole, and the summer 2006 drilling program could spell success if drilling results match Burmeisters enthusiasm. In closing, he said, That hole could well be right smack in the middle of an ore body. We dont know what the orientation of the zone is, because with one hole, it is impossible to know what the dip and the strike is. We dont know if its close to true width or we hit it at the high angle. But, its very exciting.

Stay Tuned.

COPYRIGHT 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

James Finch contributes to and other publications. StockInterviews Investing in the Great Uranium Bull Market has become the most popular book ever published for uranium mining stock investors. Visit

12 Basic Stock Investing Rules Every Successful Investor Should Follow

There are many important things you need to know to trade and invest successfully in the stock market or any other market. 12 of the most important things that I can share with you based on many years of trading experience are enumerated below.

1. Buy low-sell high. As simple as this concept appears to be, the vast majority of investors do the exact opposite. Your ability to consistently buy low and sell high, will determine the success, or failure, of your investments. Your rate of return is determined 100% by when you enter the stock market.

2. The stock market is always right and price is the only reality in trading. If you want to make money in any market, you need to mirror what the market is doing. If the market is going down and you are long, the market is right and you are wrong. If the stock market is going up and you are short, the market is right and you are wrong.

Other things being equal, the longer you stay right with the stock market, the more money you will make. The longer you stay wrong with the stock market, the more money you will lose.

3. Every market or stock that goes up will go down and most markets or stocks that have gone down, will go up. The more extreme the move up or down, the more extreme the movement in the opposite direction once the trend changes. This is also known as "the trend always changes rule."

4. If you are looking for "reasons" that stocks or markets make large directional moves, you will probably never know for certain. Since we are dealing with perception of markets-not necessarily reality, you are wasting your time looking for the many reasons markets move.

A huge mistake most investors make is assuming that stock markets are rational or that they are capable of ascertaining why markets do anything. To make a profit trading, it is only necessary to know that markets are moving - not why they are moving. Stock market winners only care about direction and duration, while market losers are obsessed with the whys.

5. Stock markets generally move in advance of news or supportive fundamentals - sometimes months in advance. If you wait to invest until it is totally clear to you why a stock or a market is moving, you have to assume that others have done the same thing and you may be too late.

You need to get positioned before the largest directional trend move takes place. The market reaction to good or bad news in a bull market will be positive more often than not. The market reaction to good or bad news in a bear market will be negative more often than not.

6. The trend is your friend. Since the trend is the basis of all profit, we need long term trends to make sizeable money. The key is to know when to get aboard a trend and stick with it for a long period of time to maximize profits. Contrary to the short term perspective of most investors today, all the big money is made by catching large market moves - not by day trading or short term stock investing.

7. You must let your profits run and cut your losses quickly if you are to have any chance of being successful. Trading discipline is not a sufficient condition to make money in the markets, but it is a necessary condition. If you do not practice highly disciplined trading, you will not make money over the long term. This is a stock trading system in itself.

8. The Efficient Market Hypothesis is fallacious and is actually a derivative of the perfect competition model of capitalism. The Efficient Market Hypothesis at root shares many of the same false premises as the perfect competition paradigm as described by a well known economist.

The perfect competition model is not based on anything that exists on this earth. Consistently profitable professional traders simply have better information - and they act on it. Most non-professionals trade strictly on emotion, and lose much more money than they earn.

The combination of superior information for some investors and the usual panic as losses mount caused by buying high and selling low for others, creates inefficient markets.

9. Traditional technical and fundamental analysis alone may not enable you to consistently make money in the markets. Successful market timing is possible but not with the tools of analysis that most people employ.

If you eliminate optimization, data mining, subjectivism, and other such statistical tricks and data manipulation, most trading ideas are losers.

10. Never trust the advice and/or ideas of trading software vendors, stock trading system sellers, market commentators, financial analysts, brokers, newsletter publishers, trading authors, etc., unless they trade their own money and have traded successfully for years.

Note those that have traded successfully over very long periods of time are very few in number. Keep in mind that Wall Street and other financial firms make money by selling you something - not instilling wisdom in you. You should make your own trading decisions based on a rational analysis of all the facts.

11. The worst thing an investor can do is take a large loss on their position or portfolio. Market timing can help avert this much too common experience.

You can avoid making that huge mistake by avoiding buying things when they are high. It should be obvious that you should only buy when stocks are low and only sell when stocks are high.

Since your starting point is critical in determining your total return, if you buy low, your long term investment results are irrefutably better than someone that bought high.

12. The most successful investing methods should take most individuals no more than four or five hours per week and, for the majority of us, only one or two hours per week with little to no stress involved.

C.C. Collins is a Financial Planning Advisor and Author of Scientific Wealth Strategies at Find more information at

Forex Signals 2

In the previous article we discussed the importance of choosing the time frame to trade and touched some basic ways to generate the indicators for Forex signals. In this article we will discuss the value in assessing the markets with market generated information itself. This will require you to analyze what is going on in the market in the current time.

Ask a simple question- where is the market going right now and how well is it succeeding in its course. If it is succeeding then the current move is intact and there is initiative buying or selling in the current direction. It there is a change in the acceleration of the market, this will tell you that 'something has changed'. Now the next question is if something is changed how are the current market speculators going to respond to this change.

Is there going to be more initiative by the speculators to continue the current direction of is there going to be a responsive buying or selling in the opposite direction. This whole concept comes from the Market Profile studies done by some of the pioneers in the market theories earlier and are very powerful when analyzing the markets. At this point I am not going in the details of studying the markets using these theories rather I am discussing the basic concepts of market technical analysis. So there are two parts of the story that when joined together will make sense.

One is initiative buying or selling and continuation of that with more initiative buying or selling and the other is initiative buying or selling with responsive buying or selling in the opposite direction. This is how the financial markets work and it is similar to any other markets also. It is a two way auction process of bidding and asking, supply and demand. The whole idea of the market speculation is to maximize trade and to form an agreement on price between buyers and sellers. The market is a two way auction searching for buyers and sellers as it goes up and down and when it finds them, it reverses and again starts finding buyers and sellers. Please re read the article again to grasp this important concept. This will be the basis of our future articles on Forex signals.

Adnan Kaleemi is a Registered Commodity Trading Advisor and has been advising Forex traders all over the world in more than 60 countries for the last five years. He is currently registered with the commodity and futures trading commission in the US. He reaches global Forex traders where he provides daily forex signals and forecasts in the major currency pairs EURUSD, GBPUSD, USDJPY and USDCHF along with money management strategies At you will find informative articles, newsletters and other tools which will help transform your Forex Trading.

Business Investing Retirement Planning-Achieve Your Retirement Goals With The Right Investing Plan

So you want some business investing for retirement planning tips? Unfortunately, in todays day and age, many get to the end of their working years completely broke, and are forced to continue working long into what was supposed to be retirement.

You dont want this to happen to you. Retirement should be a time to experience the things you never had a chance to while you were working; dont let a lack of finances rob you of these experiences, especially when they are so easy to obtain.

First of all, in order to achieve your retirement objectives (and therefore know which business investing avenues are best) you need to know what you want to do after you retire. Do you want to own a beach house in California? Travel 10-15 times per year? Just stay around the home and relax?

Knowing this info is critical. Without this, how will you ever know if you are closing in on achieving your goals?

Once you have your goals planned out, now its time to figure out how much they will cost. This is where a retirement planning calculator comes in. often times, you can find a free one online.

Many companies give these tools out hoping that you will decide to go with them to receive retirement planning advice. Whether you do or not, at least use the tools to figure out the money you will need to retire on.

Now that you know this, figure out how much money you make now, and how much you will need to earn between now and retirement to accomplish your objectives. Only now should you begin looking for an investment vehicle that will get this for you.

For instance, if you have loftier ambitions, and want to travel 15 times a year, then you will obviously need more money than if you were just planning to relax around the home. If this is the case, and depending on when you are beginning investing for retirement, you will want to invest in a more aggressive investment vehicle (of course, this varies depending on whether you are starting at a young or older age).

Once youve found one that provides a sufficient rate of return and will continue to do so until retirement, stick your money in there, and then keep close tabs on it. Remember, nobody else is responsible for your financial state; its only you.

If you dont know enough about business investing for retirement planning to spot a good opportunity, then either learn yourself or hire a financial planner to figure this part out for you. The most important thing is that you have a plan, and stick to it. This way, you will achieve your retirement goals faster and more easily than you ever imagined possible.

For more great retirement planning investment advice, check out, and get some great retirement planning help

My Forex Discovery

My day-trading journey began after I purchased a stock trading course. I followed the course outline and traded stocks in hopes of cashing in on the roaring 90s. When the stock market corrected in 2000, I couldn't pay the continuous marginals and consequently lost all my money, approx $200K!

About 5 years later, I was ready to jump back in the game. This time trading Foreign currencies, the biggest trading market in the world. I purchased the 4XMade Easy software (with the green and red arrows) for a heft three grand. In addition I paid a monthly live feed and demo traded for over 2 years but could never predict with any degree of accuracy the direction of the market. As a result, I ended up on the wrong side of the trade at a loss.

However, I did learn that if I could only stay in a trade long enough by going with the long-term trends, I would make money. But the big problem with following the long-term trend is: you have to have a lot of money in your account to stay in the market during the often occurring reversals.

When I found out about The Freedomrocks system I finally found what I was looking for. During my 15-day free trial period I was really surprised at the simple elegance of the system. I found that it did for me everything that I could never do before. Amazingly, the system allows me to trade without a lot of money to invest, no expensive software to buy, no live-feeds, no charts to predict, no staying up all night when the foreign markets are volatile.

Hans Savitch is an Entreprenuer who teaches investors how to trade the Forex.
You can visit his website at

Gambia Property the Next Big Thing

The Gambia Africa is set to be a great place to invest in real estate and has been staring investors in the face for some years.The Gambian government is totally committed to business development and free enterprise. It has a reputation as a tranquil, secure destination with property conveyanceing and laws based on the British system., low inflation, fiscal stability and one of the lowest crime rates in the world. It seems that Gambia is ripe for investors he Gambia

The Gambia was for many years a British colony and is one of the smallest and safest countries in Africa. Gambia has been a holiday hotspot for Europeans one of the reasons for this is the fact that Gambia is on average only 6 hours away and has the addded benfit of no jet lag.

Tourism is now one of the dynamic sectors of the economy, contributing 16% of the country's GDP with a 19.2% jump in visitor figures from the previous year.

Construction is already underway and TAF Holdings one of the best known develoers in Gambia are buiding along the coast and in villages nearby. Investors searching for overseas property investments should consider off plan devbelopments in Gambia . This form of investment combined with emerging market prices could make Gambian property very profitabale. There are also a number of inhabitable existing properties that can be had for a very small investment. Construction on a few developments along the coast are almost finished with international investors snapping them up. If you are looking for a good international investment, it's hard to go wrong in Gambia.

Real estate investors know that good communications are te key to success for any region. After all those who may want to rent or buy your property need to ba able to get there easily. UK overseas property buyers are only a six-hour flight from the UK with no jet-lag,

The Gambia coast offers miles of superb golden beaches and the vibrancy of Bakau, Serrekunda and the capital, Banjul, is as colourfully African as you might imagine.

Language barriers have nver been a problem in Gambia its a fact that the average Gambian can speak up 3 languages some see this as as sign of ethinic harmony.

Construction aimed at investors is underway at the ocean-side village of Brufut in Gambia this investment real estate comes in the form of a modern housing development.

So the secrets out about Gambia an investment property market with huge potential. Investors know where their is demand their is price rises so the time to get in on the action is now .

Nicholas Marr is an observer of the overseas property markets and is also the CEO of http://www.Homesgofast.Com a leading overseas property portal. His views are based upon his experiences in international real estate and the fact that he is in regular contcat with hudreds of real estate agents from locations worldwide

Getting Started with Options Trading

If you are just getting started with options trading, you may feel a bit overwhelmed, since there is a wealth of available options and a multitude of ways to trade these same options. However, if you are determined, you can implement options trading as a successful investment strategy. You only need to realize what your ultimate goal is and what you hope to accomplish.

Since options trading can take on multiple roles in an investment portfolio, it is imperative that you have clear aim and focus before employing this particular method of investing. For example, your goal may be to protect your investment portfolio if the market takes a turn for the worst, or perhaps you have decided that you would like more income from your stocks. Whatever your goal or strategy is, it is essential to have one.

The next step, after deciding what you hope to achieve with options trading, is to begin learning about different options trading strategies so that you can implement a strategy or combination of strategies that will prove effective for your investment goals. There are a many strategies available for trading options, but the ones you implement will depend on what you hope to achieve.

After you have done your research, you are almost ready to begin trading options. Now you will need to choose a brokerage firm. The brokerage firm you choose will depend on the level of personalized service that you will require. If you are not yet quite comfortable with investing, you will do best to choose a firm that will guide you along as you master options trading. If you are pretty comfortable with your knowledge level, then you may choose to go with a discounted firm that does not offer the same level of personalization as the more expensive firms.

Before you begin trading options, you will be required by your brokerage firm to fill out and submit an options trading agreement. This form is used by the firm to ascertain your knowledge of options trading as well as your overall investment knowledge.

Your firm will approve you for a certain level of options trading based on the information you provide on the options trading agreement form. So if you are just getting started, it is probably safe to say that you will not be approved for certain strategies at first. This is because some of the strategies associated with options trading are pretty risky for an unknowledgeable person, and the firm uses this as sort of a built in protection feature, for both the client and itself.

Trading stock options can be a rewarding experience, both mentally and financially. However, in order to gain the most from your options trading experience, you must be diligent about your research and willing to continually expand your trading knowledge.

Daniel Beatty, DVM is an option trader that specializes in trading conservative strategies. He runs an informational website and blog providing details on how to trade these strategies along with reviews of the best option courses and books. To take advantage of this great information and more make sure you check out Dr. Dan's site at