MCOUF Manicouagan Minerals Inc featured news, full reports, and detailed charts
Manicouagan Minerals Inc (MCOUF/MCOUF.PK) Wrap Up:
Manicouagan Minerals, Inc. engages in the acquisition and exploration of mineral properties in Saskatchewan and Quebec, Canada. It primarily explores for nickel, copper, palladium, and platinum properties. The company was incorporated in 2001 and is based in Toronto, Canada.Manicouagan Minerals Inc (MCOUF:Pink OTC Markets Inc)
Snapshot of Manicouagan Minerals Inc (MCOUF)
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OPEN
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PREVIOUS CLOSE
$0.06
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
09/23/09 - $0.07
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52 WEEK LOW
12/9/08 - $0.02
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MARKET CAP
8.2M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
141.9M
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MCOUF Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
MCOUF Top Compensated Officers
Executives, Board Directors
Key developments for Manicouagan Minerals Inc (MCOUF)
Manicouagan Minerals Inc. has commenced diamond drilling on the Trillium Dorothy-Dobie Lake property in Pickle Lake, Ontario. The helicopter supported drill program will cost approximately $800,000 and will consist of a minimum of 8 to 10 diamond drill holes designed to test selected targets along the 12 kilometre long Golden Patricia Mine trend including the Dorothy Main and Dobie Lake Zones. Manicouagan can earn up to a 70% interest in the Dorothy-Dobie Lake, Kasagiminnis and Pickle Lake East properties pursuant to an option agreement with Trillium North. Manicouagan continues to consult with the Cat Lake, Mishkeegogamang and Slate Falls First Nations with respect to its activities in the Pickle Lake Area.
Manicouagan Minerals Inc. provided an update on its Pickle Lake Gold properties. In preparation for the fall 2009 drilling campaign, a field program has been completed on the Dorothy-Dobie Lake and Kasagiminnis properties. The purpose of the program was to locate in the field and survey (by hand held GPS) the historic diamond drill hole collars for the more significant gold zones on the two properties. The Dorothy-Dobie Lake property covers a 12 kilometre long, gold bearing mineralized structure along the interpreted northwest extension of the past producing Golden Patricia Mine. This structure hosts a number of gold zones including the Dobie and Tonsil Lake Zones that were drilled by Bond Gold (now Barrick Gold Corporation) and the Main and West Zones drilled by UMEX and then by Major General Resources in the mid to late 1980's. anicouagan will drill test portions of the Dorothy-Dobie Lake property early in the fourth quarter of 2009. The helicopter supported drill program will cost approximately $800,000 and will consist of a minimum of 8 to 10 diamond drill holes designed to test selected targets along the Golden Patricia Mine trend. The survey was flown by Geo Data Solutions Inc. Gold mineralization in the Pickle Lake area is often spatially associated with magnetite bearing iron formations and major regional structures and related subsidiary or splay structures. Manicouagan contracted SRK Consulting to carry out an integrated structural and lithological interpretation of the Pickle Lake Greenstone Belt as well as parts of the Bamaji-Fry Lake and Lang Lake Greenstone Belts. Geofine Exploration Consultants Ltd. was retained to provide geological input and recommendations on the target areas identified by SRK Consulting. The final reports from the regional effort have recently been received and are being reviewed. Collectively, SRK and Geofine have identified a number of target areas that they interpret to be prospective for gold mineralization. Based upon preliminary results received during this study Manicouagan has acquired an additional 34 square kilometres of ground in the Pickle Lake Greenstone Belt. Sixty three (63) claim units were staked to cover the strike extensions of the known gold bearing zones on the Dorothy-Dobie Lake property while an additional one hundred and fifty two (152) units were staked east of the Golden Patricia Mine to cover several historic gold occurrences.
Manicouagan Minerals Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company's net loss and comprehensive loss was CAD 278,153 compared with CAD 297,955 for the same period a year ago. Interest income was CAD 8,825 compared with CAD 11,093 for the same period a year ago. Loss and comprehensive loss before income taxes was CAD 278,153 compared with CAD 290,888 for the same period a year ago. Net cash flow used in operating activities was CAD 208,616 compared with CAD 263,807 for the same period a year ago. Acquisition of mineral properties and deferred exploration costs was CAD 173,560 compared with CAD 1,128,590 for the same period a year ago. For the six months, the company's net loss and comprehensive loss was CAD 475,550 compared with CAD 598,109 for the same period a year ago. Interest income was CAD 20,654 compared with CAD 36,529 for the same period a year ago. Loss and comprehensive loss before income taxes was CAD 475,550 compared with CAD 559,427 for the same period a year ago. Net cash flow used in operating activities was CAD 340,288 compared with CAD 111,447 for the same period a year ago. Acquisition of mineral properties and deferred exploration costs was CAD 309,586 compared with CAD 1,972,993 for the same period a year ago.
MCOUF Competitors
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Industry Analysis
| Valuation | MCOUF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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MCOUF transactions
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