Friday, April 19, 2013

Highbank Resources set to get contracts

This news has been vetted and it stands up. There have been a number of people over the last two years who've asked for my opinion on Highbank. What few people know is that Canada has some of the best aggregate in the world.

All along I've been saying this company needs contracts. It's not a discovery play. The contracts have been painfully slow in coming. They got a few contracts over the last year and I watched as some really big stuff started and stalled. Now, finally, the break they needed is coming. These (below) are compelling projects that will impact their bottom line. The company is NR'ing this because they know they are best suited and have an obvious distance edge.

It's time to move them off the radar into your risk folios. They are absurdly cheap like every other stock out there. While these contract may barely move the sp needle a foot hold will return rewards in the Fall. You'll also be safe because the sp won't go to zero.

There's no glory in gravel! Yup, but there are other major projects coming down the pipeline. This is going to be a slow painful stock to hold but an easy 30%+ for Fall.

B.C. Government Announces Four More Proposed LNG Projects at Site "A"-Grassy Point Close to Highbank's Swamp Point North Aggregate Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 12, 2013) - Highbank Resources Ltd. (TSX VENTURE:HBK)(FRANKFURT:V7O) (the "Company") is very excited by the latest news regarding four more liquefied natural gas ("LNG") projects proposed, all in the Prince Rupert area. British Columbia's potential LNG production boom just got bigger.
British Columbia's Energy Minister Rich Coleman announced Wednesday that the provincial government has received four "new major international LNG project proposals".
Multinational companies including Nexen, Imperial Oil/ExxonMobil, Woodside Petroleum of Australia and Korea's SK E&S are the latest LNG proponents on a list that already includes Shell, PetroChina, Chevron Canada, BG Group and Petronas.
Nexen is joined in its project by state-owned CNOC-China's largest producer of gas and oil and Japanese petroleum company INPEX.
Woodside is Australia's largest independent oil and gas company and operates six of seven LNG processing facilities on that continent.
Imperial/Exxon is the world's largest international oil and gas company.
The four new proponents emerged in response to a provincial call for expressions of interest to situate facilities on Crown land at Grassy Point, north of Prince Rupert and within 40 miles of Highbank's Swamp Point North, Portland Canal aggregate project. To view a map of all three proposed LNG sites in B.C. from the February 22, 2013 - Globe and Mail -
The construction of these massive LNG plants will require vast amounts of construction aggregates throughout their build.
For further information on this announcement visit our website. To view this front page story in the Vancouver Sun
- April 11, 2013
On Behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President

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