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International Enexco Limited

Publié le 01 décembre 2010

President's Letter International Enexco

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Mots clés associés :   Copper | K Street | Uranium |
  Dear Subscriber, November 29, 2010  

Dear Shareholder,

International Enexco made great strides in 2010 bringing it substantially closer to being a mid tier copper producer.  

In 2010 we increased our recoverable copper reserves by 166%*and brought the Internal Rate of Return at our Contact Copper Project in Nevada up from 13.2% to 20.2%. We have made substantial inroads into the permitting process at Contact including continuing baseline studies and preparation of data to initiate a full Feasibility Study. 

In addition to these positive achievements, there is still room to grow at Contact and in 2011 we intend to continue exploration on the project while we simultaneously continue with the Feasibility Study and permitting process.

We remain diligent in our pursuit of other opportunities for growth. 2010 also saw International Enexco upgraded to Tier 1 status on the TSXV; we feel this to be reflective of not only the merits of our projects but of our operating methods as well.

 

 

Despite a lack of drilling success in 2010 at our Mann Lake Uranium Project, Saskatchewan neither ourselves nor our JV partners Cameco Corp and AREVA are deterred. The project remains a property of significant interest to all.

The steady surge in the price of both copper (recently through US $4.00 per pound) and uranium (U3O8) to over US $58.00 per pound is something that we feel is not only sustainable but that I hope will lead potentially to even greater highs and if so to increased interest in companies like ours. Very recently trading in our shares has seen renewed interest as measured by increased trading volumes and a higher share price. I'm optimistic about 2011 and beyond for our company and our entire Board of Directors and all our personnel intend to work hard on your behalf.

I sincerely appreciate you being a shareholder in our company. My commitment to you in 2011 and beyond is to deliver growth for our company that I hope will be noticeable not only in project advancement but will also be reflected in an increased market cap and returns to yourself and your family.

 

On Behalf of International Enexco's Board of Directors,

 

Arnold Armstrong

President and CEO, International Enexco

 * 711.8 million pounds of copper (298.3 million pounds Measured and 413.4 million pounds Indicated) (135.2 million tons at 0.263% Cu), with an Inferred Resource of 291 million pounds of copper (53.4 million tons at 0.272% Cu), based on a 0.10% Cu cut-off grade.  The project remains open at depth and along strike.

 


 
| r, November 29, 2010  

Dear Shareholder,

International Enexco made great strides in 2010 bringing it substantially closer to being a mid tier copper producer.  

In 2010 we increased our recoverable copper reserves by 166%*and brought the Internal Rate of Return at our Contact Copper Project in Nevada up from 13.2% to 20.2%. We have made substantial inroads into the permitting process at Contact including continuing baseline studies and preparation of data to initiate a full Feasibility Study. 

In addition to these positive achievements, there is still room to grow at Contact and in 2011 we intend to continue exploration on the project while we simultaneously continue with the Feasibility Study and permitting process.

We remain diligent in our pursuit of other opportunities for growth. 2010 also saw International Enexco upgraded to Tier 1 status on the TSXV; we feel this to be reflective of not only the merits of our projects but of our operating methods as well.

 

 

Despite a lack of drilling success in 2010 at our Mann Lake Uranium Project, Saskatchewan neither ourselves nor our JV partners Cameco Corp and AREVA are deterred. The project remains a property of significant interest to all.

The steady surge in the price of both copper (recently through US $4.00 per pound) and uranium (U3O8) to over US $58.00 per pound is something that we feel is not only sustainable but that I hope will lead potentially to even greater highs and if so to increased interest in companies like ours. Very recently trading in our shares has seen renewed interest as measured by increased trading volumes and a higher share price. I'm optimistic about 2011 and beyond for our company and our entire Board of Directors and all our personnel intend to work hard on your behalf.

I sincerely appreciate you being a shareholder in our company. My commitment to you in 2011 and beyond is to deliver growth for our company that I hope will be noticeable not only in project advancement but will also be reflected in an increased market cap and returns to yourself and your family.

 

On Behalf of International Enexco's Board of Directors,

 

Arnold Armstrong

President and CEO, International Enexco

 * 711.8 million pounds of copper (298.3 million pounds Measured and 413.4 million pounds Indicated) (135.2 million tons at 0.263% Cu), with an Inferred Resource of 291 million pounds of copper (53.4 million tons at 0.272% Cu), based on a 0.10% Cu cut-off grade.  The project remains open at depth and along strike.

 


 
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International Enexco Limited

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CODE : IEC.V
ISIN : CA45945G1072
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International Enexco est une société développant des projet miniers de cuivre et d'uranium basée au Canada.

International Enexco détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont LOOMIS, HOT POT PROJECT, MANN LAKE, CONTACT COPPER et MANN LAKE (JV) au Canada.

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Financements de International Enexco Limited
14/02/2014Announces Non-Brokered Private Placement
Nominations de International Enexco Limited
13/07/2011Appoints Spiros Cacos
24/06/2008Appoints Two New Directors
Projets de International Enexco Limited
27/01/2014Commences $2.9 Million Drill Program on the Man Lake Uranium...
10/12/2013International Enexco Gives a Base Metal (and Uranium) Balanc...
13/11/2013(Mann Lake)Announces $2.9 Million Drill Program, on the Mann Lake Urani...
10/10/2013(Contact Copper)Files Pre-Feasibility Study for Contact Copper Project, Neva...
01/10/2013(Contact Copper)Announces Positive Pre-Feasibility Study for Contact Copper ...
25/06/2013Announces Joint Venture with Denison Mines on Bachman Lake U...
27/03/2013(Mann Lake)Reports On the Mann Lake Uranium Project, Athabasca SK
19/02/2013(Mann Lake)JV Partner Cameco Adds Third Drill Rig On the Mann Lake Uran...
08/02/2013(Mann Lake)Minesite.com Article: International Enexco Sets The Drills T...
24/01/2013INTERNATIONAL ENEXCO (TSX-V: IEC) COMMENCES $6 MILLION, THRE...
21/01/2013International Enexco Commences $6 Million, Three Rig Drill P...
21/01/2013(Mann Lake)Commences $6 Million, Three Rig Drill Program, On the Mann L...
18/09/2012International Enexco Announces Positive Metallurgical Result...
18/09/2012(Contact Copper)Announces Positive Metallurgical Results from Contact Copper...
10/09/2012(Contact Copper)Completes Drill Program at Contact Copper Project and Report...
19/03/2012International Enexco Announces Additional Drill Results from...
24/02/2012International Enexco's Shares Power Ahead, As The Contact Co...
23/02/2012(Contact Copper)MINESITE.COM: International Enexco's Shares Power Ahead, As ...
16/01/2012(Contact Copper)Drill Program Update for Contact Copper Project, Nevada
28/11/2011(Contact Copper)Commences Drilling Contact Copper Project, Nevada
27/07/2011(Contact Copper)to Acquire Properties of Allied Nevada at Contact, Nevada
09/02/2011(Contact Copper)Rising Copper Prices Favor International Enexco
17/08/2009Positive Copper Pre-Feasibility Study Received
09/02/2009(Mann Lake)Drilling at Mann Lake Underway with Cameco as Operator
07/01/2009(Mann Lake)Cameco to Commence 3rd Enexco Drill Program at Mann Lake
29/09/2008(Contact Copper)Prepares to Drill Newly Optioned Boston Claim Group
21/08/2008(Contact Copper)Pre-Feas Study to Commence at Contact - New Resource Calcula...
Communiqués de Presse de International Enexco Limited
04/11/2013Announces Drill Results From the Bachman Lake Uranium Projec...
10/10/2013Mid=2DDay Breaking News From Zenyatta and International Enex...
09/09/2013Mid=2DDay Breaking News From International Enexco=2C Miracul...
26/08/2013Mid=2DDay Breaking News From Rango Energy and International ...
26/08/2013and Denison Mines Commence Drill Program on the Bachman Lake...
10/10/2012Mid-Day Breaking News From International Enexco, Gold Reach,...
10/10/2012(Contact Copper)Announces an Increase of 49% to 1.06 Billion Pounds of Coppe...
10/10/2012Announces an Increase of 49% to 1.06 Billion Pounds of Coppe...
27/08/2012Mid-Day Breaking News From Pelangio, International Enexco, S...
27/08/2012(Contact Copper)Confirms New Copper Target at Contact Copper Project (Nevada...
20/06/2012Todd Hilditch Joins International Enexco as Director
08/06/2012RESOURCE WORLD: INTERNATIONAL ENEXCO EXPANDING PROPERTY AND ...
23/05/2012Mid-Day Breaking News From International Enexco, CardioComm,...
23/05/2012(Contact Copper)Additional Drill Results from Contact Copper Project, Nevada
10/05/2012JOIN INTERNATIONAL ENEXCO LTD. AT THE 2012 NEW YORK HARD ASS...
26/04/2012Mid-Day Breaking News From International Enexco and Canada R...
19/03/2012(Contact Copper)Announces Additional Drill Results From Contact Copper Proje...
01/03/2012Mid-Day Breaking News From Mirasol, Novadx, Zimtu, Internati...
01/03/2012(Mann Lake)Announces Winter Geophysical Survey Planned at Mann Lake, Sa...
16/01/2012Mid-Day Breaking News From El Ni=F1o Ventures and Internatio...
28/11/2011Mid-Day Breaking News From El Nino, Millrock, Golden Touch, ...
11/07/2011Former Nevada Governor Jim Gibbons Joins International Enex...
01/12/2010President's Letter International Enexco
02/06/2010REPORTS 161% INCREASE IN MINEABLE COPPER AND 20.2% IRR, IN U...
11/08/2009S SHAREHOLDERS ON MULTIPLE DRILL PROGRAMS
09/06/2009signs JV with Nevada Exploration Inc.
02/06/2009has entered into an option agreement with Fronteer Developme...
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