Empire Mining (EPC.V) just announced they are placing the Bulqiza Chromite project on Care and Maintenance, after the newly issued exploration licenses contain material omissions regarding the size and coordinates of the project. It is possible this situation could be rectified quickly, but as Empire points out they experienced bureaucratic delays […]
Our Mining Top 25 number 1, Empire Mining, announced drill results of their Bursa copper-project last week. As the share price has fallen since the release, we would like to give our opinion of last week’s drill results, as well as giving a general update on their flagship project.
After the outstanding drillhole on the Bursa project in Turkey, we probably have to revise our opinion regarding the exploration programme. Whereas we attributed zero value to the Bursa project, we should now keep in mind this could be an extremely promising copper-project.
The Caesars Report Mining Top 25 for 2011 is composed entirely out of mining shares we believe will be the best performing stocks in their sector this year. Our aim is to outperform the markets, through picking undervalued shares with an acceptable risk/reward ratio.
On November 4th we released a report on Empire Mining Corp. We were invited by the company to visit their chromite project in Albania, and accepted their offer. Sign up to receive our exclusive follow-up report on Empire Mining.
The Bulqiza-project was a major producer of chromite, before the collapse of communism in the early nineties. Chromium is essential in the production of stainless steel. No chromium simply means no stainless steel.