Weststar Resources

Malcolm Bucholtz B.Sc, MBA Analyst

Trading Note

Saskatchewan is sizzling HOT !!!

No, I am not talking temperature hot, I am talking resource hot. You name it, Potash, Oil, Gas, Uranium and now Coal. Saskatchewan has it and others want it.

The area around the small, sleepy town of Hudson Bay now finds itself smack in the middle of one of the most exciting "area plays" since Robert Friedland set Voisey's Bay abuzz years ago.

This week I had the good fortune to chat with Mitch Adams from Weststar Resource Corp. Weststar recently made a bold move to get involved in the Saskatchewan coal rush and has inked a letter of intent to acquire a parcel of land called the "18 Meter Property". If you have missed the action, let me remind you that what made Weststar act so fast was news that another Canadian firm Goldsource Mines (TSXv:GXS) had hit upon a coal seam in Saskatchewan when drilling into what it thought should be a diamond bearing kimberlite formation that had been identified through geophysical work. How's that for serendipity? Goldsource shares shot from 20 cents to near $20 on the news and have now eased off to the $15 level. Lab testing has now confirmed that the coal seams intersected are high volatile bituminous C and sub-bituminous A grade. In layman's terms, this is "good stuff". Read more »