Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

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 Sign up at 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

: 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.


For the full disclaimer, visit

The employees, Caesars Report ("We" “They” “Caesars Report”) are not Registered as an Investment Advisor in any jurisdiction whatsoever. employees are not analysts and in no way making any projections or target prices. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease. Please always do your own research. All information was provided by the company, their presentations and website. We are not responsible for errors made herein. Please consult a broker before purchasing or selling any securities mentioned herein.

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