BANKERS PETROLEUM $5.15 +0.44 (T-BNK)
TIREX RESOURCES (V-TXX) $0.69 -0.04
A trip we made to Albania about six months ago has
certainly paid off for us...it gave us a first-hand glance of
what Bankers Petroleum had in Albania and it has made all
the difference to our own portfolio and hopefully to many
of those who have followed our work. One look at the val-
ley and you knew there was something huge there.
Meanwhile, in Northern Albania we also toured Tirex’s
holdings where there were no less than eight different
prison camps where political prisoners were employed as
miners in some of the operations. A look at the tailings
piles and some of the operations would suggests that
there’s some mining assets in Albania as well. But so far,
Tirex isn’t getting that respect.
Today Tirex announces some drilling results from the
first part of their next phase of drilling and when you come
up with 30 metres of 1.04% copper, some zinc—1.1% and a
gram of gold, you are on to something that could be sig-
nificant if there is size.
Bryan Slusarchuk, the ex-Canaccord broker and leader
of the team at Tirex tells us that the drilling continues to
ramp up and they are continuing to step out to the south
and north. The zone he suggests is absolutely wide open.
He suggests with the start of the assays, the news will
continue to flow.
Meanwhile, drilling is starting up this week on the east
slope trends with multiple targets up and down this brand
new trend giving them “exposure to pure discovery poten-
tial.”
He points out that this trend, equally important geo-
physically to the large historical producing trend in the
district, was hidden from past Albanian state-led explorers
by a thin limestone cap. Tirex identified this by doing the
country’s first ever airborne and now after a whole lot of
ground work, are drilling those targets.
Once again, Bankers was bringing in new technology
which has helped on their oil, Tirex is bringing in new
technology which we now think is going to start to make a
difference for Tirex in its modern exploration.
Slusarchuk has come up with some decent winners in
the past when we asked him for stock picks as he also had
been one of many who picked Bankers and Energold Drill-
ing (EGD) which is now better than a double. He is still
keen on Underworld when they get back to work again
next year for their play in the Yukon,
but right now one of his favorites is Wildcat Silver (WS) and he points out that
the first drill results are expected soon and he writes, “I
always noted that once this powerhouse team had drill
results on the way, it would be able to create some very
significant attention in the markets.”
URANIUM
Suddenly we are having fun in the markets and we’ve
gone from one extreme to the other. The market crash
of almost a year ago and suddenly everything is flying.
Has the easy money been made in oil, base metals,
you-name-it? While there is still one sector where so
many companies involved are laid out on the floor - that
being uranium—the question is, with what has hap-
pened with uranium production at the Olympia Dam
Mine in Australia, maybe uranium is about to make a
move off the floor.
Different sources have different ideas about how
long production will be curtailed in Australia, but maybe
it might be the first step in the rebirth of the price of
uranium and with so many uranium stocks so cheap,
for those who missed rallies in other sectors…??
Notice the chart by Tom Akin and his crew at Re-
search Capital with their comments.