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Selwyn Resources (SWN.V) – closer to all-weather road access

Source: http://www.objectivecapital.co.uk/ocuk/articles/080701-356.asp?oid=RDF
 Posted on Tuesday, July 1st, 2008 | In Small & Micro Cap, Stocks to Watch
Contributed by: Gabriel Didham (http://objectivecapital.co.uk) -

Reason for comment

Selwyn Resources is closer to getting permission to rehabilitate an existing all-weather road to its Selwyn project in Yukon. Selwyn has received notice from the Mackenzie Valley Land and Water Board that it intends to issue the required Land Use Permit and Water Licence required to commence the rehabilitation and use of the existing all-weather road that joins with the Nahanni Range road and thence to the Robert Campbell Highway.

The company continues its 2008 exploration programme at Selwyn. The work includes a 2,500-metre drill programme intended to identify additional high-grade mineralisation along the 24-kilometre corridor running northwesterly from the XY Central deposit to the Anniv Central deposit.

Objective’s view:

We continue to view developments at Selwyn as supportive of our base-case valuation of the project. Given the large scale of the project and the unsettled financial markets, Selwyn believes its best approach to develop Selwyn is to work with a strategic partner. The company is actively soliciting such a partner. Selwyn Resources raised sufficient cash through equity sales in recent months to support its current drill plans and modest development undertakings.

For all our previous comments on this company visit:
http://www.objectivecapital.co.uk/SWN.V.asp

Last 5 posts by Gabriel Didham, CFA
About Gabriel Didham (http://objectivecapital.co.uk)
Gabriel Didham, CFA Managing Director, Objective Capital

Gabriel is a Chartered Financial Analyst and former number one rated analyst. He has extensive experience of regional and pan-sector research both here in the UK and abroad. He was previously the cofounder of Investinet and ExchangeSquare.com, for a time one of the internet’s most trafficked global financial websites.

Objective is a leading UK provider of objective corporate research.

We offer investors two levels of insight - a regular survey of the complete small and mid-cap segment, highlighting those stocks where attention should be focused, and our detailed institutional-quality, sponsored research coverage. As always, our research doesn't offer trading recommendations or advice but an objective up-to-date assessment of the prospects, and risks, of the companies we cover.

While the companies we cover sponsor our research, it is always written on behalf of our readers. It is of the essence of our research that it be independent - that is opinions, estimates and valuations be solely those of Objective's analyst; objective - that is based upon verifiable data; and transparent - that is based upon explicit assumptions.

For more about Objective Capital and our services for companies visit our corporate site at Objective Capital

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