Friday, June 27, 2008

Somebody's Getting Rich in Matawa Territory and it Ain't the First Nations

This 2008 TSX Venture 50 list ranks the top 10 companies in each of five major industry sectors for the year ended Dec. 31, 2007

The number one, two and three companies are all active on the territory of the Marten Falls, Webequie, Neskantaga and likely other First Nations. To date none of these companies have announced agreements with First Nations.Maybe some letters of comfort but no real early exploration agreements that address compensation for impacts, jobs and training guarantees, accommodation and catering, monies for legal and other technical advice etc.
Keep your eye on Phoscan who have an agreement with Constance Lake.This project is advancing rapidly with an archaeological screen of the new road.

Temex continues to be a problem and Northern Superior is setting a gold standard.
MINING Market Cap.Growth
1 Noront Resources Ltd., Ont. (NOT) 821%
2 MacDonald Mines Exploration Ltd., Ont. (BMK) 1188%
3 Fancamp Exploration Ltd., B.C. (FNC) 661%
4 TTM Resources Inc., B.C. (TTQ) 1466%
5 Zeox Corp., B.C. (ZOX) 2150%
6 Brilliant Mining Corp., Alta. (BMC) 126%
7 Canplats Resources Corp., B.C. (CPQ) - 856%
8 North American Tungsten Corp. Ltd., B.C. (NTC) 114%
9 Phoscan Chemical Corp., Ont. (FOS) - 793%
10 Rockwell Diamonds Inc., B.C. (RDI) 693%