-- Posted Tuesday, 8 May 2012 | | Disqus

Jay Taylor, in the April 19, 2012, edition of Gold, Energy & Tech Stocks, says buy Calico Resources Corp. (CKB.V, CVXHF.PK) recently 33 cents. Mr. Taylor first said buy on April 18, 2011, at 45 cents. A $1,000 investment at 45 cents is now worth $733. Calico's Grassy Mountain project in Oregon has 1.57 million ounces of gold and 5.2 million ounces of silver. Recent assays from Grassy Mountain include 109.7 metres of 2.51 g/t Au. Calico has started environmental planning for the project, and applied for permits for an underground mine and surface milling. It is conducting metallurgical studies, which it expects to complete by June. The company has expanded Grassy Mountain by 5,040 acres to 9,540 acres. It has outlined 17 new targets, which it plans to explore in the next two months. Mr. Taylor has confidence in the skills of Calico's management, including chairman Buck Morrow, former director of Northland Resources. The editor notes shareholder dilution is a major risk for Calico, as it is for other explorers that are not project generators. On March 26, 2012, Calico had 26.75 million outstanding shares, with plans to issue another 14.75 million shares to raise $5.01-million. Buy at the current discounted prices.

http://calicoresources.com/

-- Posted Tuesday, 8 May 2012 | Digg This Article | Source: GoldSeek.com

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