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Microcap HeadlinesThe best kept secrets on Wall Street
Colt Resources Inc.
2000 McGill College Avenue
Montreal, Quebec H3A3H3
BASIC INFORMATION
COMPANY HISTORY
In only 3 years Colt has quickly assembled and is developing one of the most significant gold and tungsten lease portfolios in Portugal. While under explored in modern times, Portugal is endowed with a complex and diversified geology with a high mineral potential, leading to the occurrence of a considerable number of gold and tungsten ore deposits. For a small country it has a long history of mining, going back 2000 years, and was in fact a major source of the riches that financed the Roman Empire during its expansion. Portugal has a strong infrastructure including a highly developed power grid, road system, experienced labor force, and very strategic geographic location that provides access to several other world markets. Colt enjoys an excellent working relationship with the Portuguese Government and looks forward to the development of several mines in this EU member country.
COMPANY BUSINESS SUMMARY
Colt Resources Inc. (GTP: TSX-V; COLTF: OTCQX; FWB: P01), is one of the leading gold and tungsten mining development companies in the rapidly expanding Portuguese resource market. The Company’s 100% owned advanced-stage high-grade gold and tungsten projects in Portugal are expected to be in the production stage starting in 2015. Colt’s senior management team is strategically divided between the administrative and field offices in Beloura, Tabuaço and Escoural, Portugal and the corporate office in Montreal, Canada. With its high caliber management team, multiple environmental and community initiatives, and close relationships with the Portuguese Government, Colt is aggressively developing its Boa Fé Gold Project and its Tabuaço Tungsten Project.
Boa Fé Advanced Stage Gold Project – experimental mining concession and exploration license with significant upside potential
o March 2013 - NI 43-101 resource estimate covering only 6 of several known near surface gold deposits completed: Indicated 6.07mt @ 1.74g/t Au and Inferred 1.55mt @ 1.69g/t Au - completed by SRK Consulting (UK)Ltd.
o Project being fast-tracked with initial gold revenue anticipated by 2015 from a sub-section of a potentially world class mining district
o Preliminary Economic Analysis completed in May 2013.
o Historically shallow drilling (average 60-70 m) – focused on 10km strike length out an estimated total extent of over 30km containing several parallel gold mineralized zones and with an additional potential in depth.
Tabuaço High Grade Tungsten Project – focused on tungsten, a strategic metal trading close to all-time highs of approximately US$400/mtu. The characteristics of tungsten including high density, strength, corrosion resistance and tensile strength make it a rare and strategic metal.
o The project is one of the most significant in Europe
o Tungsten is used in the manufacturing, mining, aerospace, consumer and construction industries and is a scarce metal mostly held in China, Russia and a few other countries
o October 2012 - NI 43-101 resources estimate completed: Indicated 1.495 mt @ 0.55 % WO3 and Inferred 1.23mt @ 0.59 % WO3
o Experimental Mining License granted in February 2013
o Preliminary Economic Analysis planned for May 2013
o Advanced Joint Venture discussion currently underway
TOP OFFICERS
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Name
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Title
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Fiscal Year Pay
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Biography
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| Nikolas Perrault | President & CEO | $300,000 | View Biography |
| Declan Costelloe | Execuitve VP & COO | $250,000 | View Biography |
COMPANY NEWS
SHARE RELATED INFORMATION
| 52 Week High: | 0.57 on 10/9/12 | Total Shares Outstanding: | 138,000,000 |
| 52 Week Low: | 0.26 on 3/25/13 | Public Float: | 124,000,000 |
| All time High: | Earnings Per Share: | ||
| All time Low: | Book Value: | 0.23 |
FUNDAMENTAL INVESTMENT HIGHLIGHTS
Developing Portugal’s next gold and tungsten mines – 100% control of the most advanced gold and tungsten development projects in Portugal.
Highly experienced management and operations team with balanced technical and financial backgrounds leading 2 advanced staged mining development projects.
World class board of directors and advisory board. Broad international investor base of institutional and high net worth individuals.
Stock is trading at a 52 week low.
Stock is trading just over one times book value. $50 million has been raised and an additional $5 million committed.
INSIDER ACTIVITY
N/A
FINANCIAL SNAPSHOT
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All numbers in Thousands |
Fiscal Yr
Ends 12/2011 |
Prior Fiscal Yr
Ends 12/2010 |
Recent Quarter
Ends 9/2012 |
| Revenues | - | - | - |
| Pre-Tax Earnings (Losses) | ($5,908,188) | ($4,981,999) | ($2,951,489) |
| Total Cash | $6,889,645 | $1,236,079 | $6,779,977 |
| Total Assets | $30,876,451 | $6,589,733 | $36,697,665 |
| Total Liabilities | $6,840,837 | $880,606 | $5,606,802 |
| Shareholders Equity | $24,035,614 | $5,709,127 | $31,090,863 |
NEWSPAPER / MAGAZINE ARTICLES / RESEARCH REPORTS
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