Hot junior resource stock, small cap resource stock investment tips gold ore resources ltd goz.vn

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Baymount Incorporated (TSXV: BYM)

Baymount seeks out and develops opportunities in the horseracing industry providing shareholders+ Read More

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Gold Ore Resources Ltd.(Symbol: GOZ.VN)
Company Name:	Gold Ore Resources Ltd.
HQ Location:	Vancouver, British Columbia
Company Website:	www.goldoreresources.com
Shares Outstanding	82.65 Million
Closing Price (April 12, 2010)	$0.47
Market Cap:	$38.90 Million
Average Daily Volume	232,910

Share Highlight / 1-Year Stock Chart

Share Highlight

Gold Ore Resources Ltd. - Chart

Business Overview

Gold-Ore is an international mining and exploration company with one operating gold mine and several gold and base metal exploration properties at various stages of development. Gold-Ore acquired its flagship Bjorkdal gold mine (100%) on December 31, 2007. The mine, which is underground and open pit is located in northern Sweden, produced 19,200 ounces of gold in 2007, 27,955 oz Au in 2008 and 37,032 oz Au in 2009.

The Bjorkdal Gold Mine and the company's exploration properties are all located in the safe, highly developed and mining friendly jurisdiction of Sweden. + More info

What is interesting?

A rare junior gold company with a producing mine. The company is currently focused on expanding the resource base at its flagship mine through development drilling, while also searching for new deposits on highly prospective ground surrounding the mine site.
Since production commenced in 1988, Bjorkdal has produced over 935,000 ounces of gold.
Bjorkdal is a sheeted vein complex spanning over 900 metres. Over 40 principal veins have been identified to date.
There remains strong un explored potential at Bjorkdal. It has several high-priority airborne geophysical targets in association with gold-in-till anomalies. The company suggests very limited exploration has taken place in the area since mid 1999 and it plans to explore the property through an aggressive development drilling.
The gold mining at Bjorkdal is clean and has a high recovery rate of over 90%.
The company has revenue of $40 million, has no debt and it generated an operating cash flow of $12 million last year or $0.14 per share.
The company has a strong and stable management team at the helm. The senior management of the company has significant experience in the mining industry.
The company has good financial position with over $5 million in working capital.

Risks

Gold-Ore is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain. Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although currently well financed, Gold-Ore may still require additional financing. This could result in shareholders’ dilution.

Gold Ore Resources Ltd. News

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