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Mining Top 25 for 2010 - 24 - Serengeti Resources Inc.

|Includes:Select Income REIT (SIR)


Released during 
January 2010, meaning that much has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio Sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Price  C$ 0.280

Ticker   SIR.V
O/S  45,841,000
Avg. Volume  130,900
Market Cap  C$ 12.82M
Sector  Mining (Au, Cu, Mo)
Countries Active  Canada
Cash   C$ 7.5M

52 Week Low:  C$ 0.175 (10/21/2009)
52 Week High:  C$ 0.360 (1/2/2009)



Company Statement

Serengeti Resources Inc. is a Vancouver based junior exploration company focused on exploration for copper (Cu), gold (Au) and molybdenum (Mo) deposits in the Quesnel Trough, Northern British Columbia - the largest copper-gold porphyry belt in Canada.

 
Positive / Negative

Positive
: Very Strong Cash position, Kwanika is an attractive project, located in a mining friendly region.
Negative: Kwanika is a low-grade deposit.


Main catalysts for 2010

- New resource estimate on the Kwanika-property (1) early 2010 (Currently: 1.6Moz Au and 1.1B lbs Cu)
- Choo (5) and Mil (12) drill results. Both properties are near Terrane Metals’ Mt. Milligan project.



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Disclosure: We hold a Long position in Serengeti Resources Inc., this means we are biased, so please do your own research. Educational use only, not intended as advice.
Stocks: SIR