NORMABEC MINES NMB.v Gold and Silver

http://www.stockhouse.com/bullboards/viewmessage.asp?no=20374465&t=0&all=0&TableID=0


Hi everybody. I went to the AGM last Tuesday. Nothing special - besides what I already know - has been discussed at this occasion. Mr Ayotte is not happy with the market evaluation of our two main projects, because the results we received since October justify a much higher market cap.
At one hand, drilling continues at Real de Catorce and Pitt Gold; on the other hand, management is very aggressive to present the company to potential shareholders. Silver price is on his way up, so I would like to think that sooner or later, we will be in the winner circle because we will be recognised as a top quality silver play. The 43-101 resources calculation on Real de Catorce is expected next fall and it will be the starting point for large institutions to take a much closer look on our main project.
Will we stay at this level until that ? I just don't know. Continued positive drilling results, positive outlook for silver and interest from investors that can take a decision without a 43-101 resources calculation might change everything. Again, management is doing what has to be done to increase our market value.
I have the feeling that something special will happen for those of us who will stay patient and confident. I am one of those.

Hasta Luego.

Real de Catorce has a new website.

They seem to be doing a good job promoting the town.

http://www.realdecatorce.net/histi.htm

I've stepped up my buying on NMB.v; been trimming LBE.to and sold he rest of my CRD.v to do so.

Maybe our residential, expert chartist, could give us a reading of NMB?

http://www.normabec.com/new/upload/Press%20Release%2028_02_2008.pdf

NORMABEC INTERCEPTS 35.18 G/T AU OVER
5.0 METERS ON PITT GOLD

Very nice!!!

Take a liitle off the table, if you were buying with me the last few days.

I can't stay away.

I have been adding back what I sold when euphoria hit. More results to come, and this is already looking pretty darn good.

Good call for your purchase in early Jan, Bull. Although the recent drill results are rather positive, I would expect a couple more choppy days ahead.

I have been busy trading LBE these days - sold half of my position and add more PCM at around 10 cents. I cant believe people are still selling at around this price range when so many good drill results reported recently.

I may buy some NMB.V after it consolidates. But then, I may miss the boat again when more good news are announced.

Thanks EarthMonkey.

NMB.v is right at the top of my list with exploration speculations, along with PCM.v, the more I look at it, the more potential I see.

I am studying the geology on another one I haven't mentioned yet. I have been buying a little this week. I've spoken with the CEO and will be calling again with one last round of questions.

I expect drill results from them next week.

I will try to post my research this weekend on this new exploration play.

Drilling at Real de Catorce in Mexico Continues to Deliver High Grade Intercepts for Normabec as Hole VMP-18 Cuts 1,014 g/t Ag, 2.31 % Pb and 1.82 % Z

http://ca.finance.yahoo.com/q?s=nmb.v

From the last press release

--------------------------------------------------------------------------------

Quote:
This portion of the Veta Madre structure carries
bonanza grade silver as well as important base metal credits.

You don't say!


Quote:
High grade intersections continue to be generated from both surface and
underground drilling as highlighted by hole VMP-18, which returned 1,014
g/t Ag, 2.31 % Pb and 1.82 % Zn over 4.50 m; VMP-17, which returns 351
g/t over 5.40 m and hole VMS-12 which intersected 550 g/t Ag over 5.05 m.

Of course they are, Real de Catorce was not a major mining district for no reason. It is a powerful geological expression you're dealing with here.


Quote:
In addition to the Veta Madre intercepts, drilling along the Purisima
depth extension is yielding significant results from the Refugio vein as
well as other footwall and hanging wall veins to the Veta Madre.

Well ya! The Veta Madre vein is not some lackluster seep vein; what we got here is major hydrothermal slice of heaven...cooled to perfection of course.


Quote:
It should also be noted that these holes are the
westernmost intercepts released to date on the Purisima oreshoot. The
oreshoot remains wide open to the west and at depth.

Yes indeedie! How about you boys see if you can find the bottom?


Quote:
Systematic surface drilling of the Veta Madre structure continues to
yield the expected silver grade mineralization. In-fill drilling is being
performed at 40-50m spacing, from surface down to the 150 metre level
approximately.

Good! That means you will be defining many wonderful OZ's for us then.


Quote:
Hole VMS-23 is the westernmost hole drilled from surface on Veta Madre
to date. Once again, mineralization is wide open to the west and at
depth. On the other hand, VMS-12 is the easternmost intercept from
surface released to date. The mineralized structure remains wide open to
the east as well.

This is really starting to strain my peripheral vision, hee hee!


Quote:
Mr. Robert Ayotte, President of Normabec commented that, "we are very
pleased with the results achieved during this phase of drilling at Real
de Catorce. These results only add to our confidence that the systematic
exploration program we are undertaking will return Real de Catorce to the
prolific mining district it once was."

Well, Robert. I never did doubt that for a second.

New presentation from NMB.v

http://silverbullreport.com/files/Calgary-April_08-Presentation.pdf

I bought some more NMB.v today. I was hoping for some climax sell-off, but I just don't see it happening with NMB.v

I own quite a bit of NMB.v, as you all know. I am expecting a 300% rally very shortly here, but then again, if you owned as much as I do, you would expect no less.

I took a big hit on my NMB shares and rode it down from 40 cent range. I have held off on buying back in at the current prices and averaging down my share price for an evental run up. I have done that successfully so far with exn.to and azg.v. I bought near the bottom and now they are 2x - 3x from where they were at the lows (like most juniors I guess!)

One of Bull's old favorites get's taken over (in a slightly complex transaction)

It allows F.M. to develop the Mexico property, but leaves the Quebec property mostly to existing NMB shareholders, with F.M. as a "helper"

http://www.firstmajestic.com/s/NewsReleases.asp?ReportID=363224&_Type=News-Releases&_Title=First-Majestic-to-Acquire-Normabec-Mining-Resources

It seems that a good many became bagholders at much high prices. FR.to would have to appreciate a great deal from its $2.60 share price to make up for the loss. Otherwise for those up bought at 18 cents or less it seems good deal. Of course there is the spin off of the Pitt Gold project which keeps some of the blue sky of the old NMB. There are the usual conflict of interest problems with FR. I don't know how much FR will bite NEWCO for the Quebec property for its help.

jvj, When you say "bagholder", I think of a fully-loaded one of these: http://www.jrbenterprises.com/jrb%20scoop%20the%20poop%20bag.jpg (courtesy of Google Images)

:cackle: Now that's a knee slapper. You're a real hoot!

Head of FM talks about the NMB property

http://watch.bnn.ca/#clip216070