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Sao Luis Mining, Inc. (Pink Sheets: SAOL)
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Dear Reader,
For those of you who have followed our interest in commodities and the potential gains available in metals and minerals, like TNGL in our Gold Rush Resource Reporter (click here), or the gold and diamond market overview in our sister publication SmallCapSentinel (click here), we understand the flight to metals and minerals when the markets take a rollercoaster ride or the economy flounders, or when when some political incident sends capital markets into a defensive mode.
We believe that an appropriate potion of a balanced portfolio should be positioned to take advantage of a nervous investing public. A simple look at the rise in gold, diamonds, or oil bear this out. With that balanced approach in mind, we are very careful to select companies to present to you and our criteria is empirical data that supports an opportunity worth looking at.
Todays featured company, Sao Luis Mining, is an intriguing company in the diamond sector. Established operations, strong management, the acquisition of joint venture partnerships, and they bring the diamonds and diamond dust right out of the ground for processing and sales - these are just a few of things we like about this company. They just began trading on the Pink Sheets at a very reasonable level and so, a groung-floor opportunity may be at hand. Please take a few minutes to read more about SAOL.
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About Sao Luis Mining |
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Sao Luis Mining, Inc. ("Sao Luis" "SAOL") is a diamond mining and precious metals exploration company.
Sao Luis is headquatered in Las Vegas, Nevada with its primary operations in Brazil. SAOL mines for diamonds (and precious metals) and brings them to directly to market. In addition to its existing operations, SAOL is in a constant state of exploring possible revenue sites. Sao Luis has a proven record of pursuing undeveloped opportunities and developing partnerships to set up and mine.
Sao Luis Mining has recently acquired the rights to a 35% joint venture interest with Mineradora that operates a producing diamond mine in Brazil and an option to acquire a 65% interest in a second diamond property. The Company has an existing mature distribution network for the production of its properties. These include buyers in the United States, Belgium, Israel, India, and the Republic of South Africa.
Entering it's new joint venture with Mineradora,
SAO LUIS is now a "Complete Process" mining company.
  
 
D I A M O N D S
The World Diamond Council says: Rough diamond mining companies produce annually some 114 million carats of rough, worth some $6.8-$7 billion, providing meaningful livelihood to some 2 million people working in the various stages of mining, processing, distributing and retailing, enabling the annual sale of some 67 million pieces of diamond jewelry worldwide. With new mines coming on-stream, others being expanded and some being closed, it is expected that by the year 2005 world production may increase to over 120 million carats worth some $8.9-$9.2 billion.
The Sao Luis River Basin Diamond Project is located in the state of Mato Grosso in Brazil, approximately 30 kilometers from the town of Juina.
The 1,889 hectare (4,666 acres) property has been in production since 2000 and has produced over 175,000 carats.
The Department of Natural Mineral Production (DNPM) has documented 119,334 carats of diamonds that were produced from this property in 04 and 05.
Mineradora manages the day-to-day mining operations of the partnership and SAOL directs the administration and marketing activities. The property is located in the municipality of Juina, Mato Grosso, Brazil. The Brazilian government mining reference is: DNPM-MT Process nº 867.231/95.
The River Basin Project has extensive geological surveys, the most recent being in 2005. The 2005 report stated that:
"The estimated resource of the area involving the 1st level of sedimentary deposits accounted for approximately 7,713,770.00 cubic meters of C gravels mineralized with diamonds, resulting in 12,695,325.70 carats of diamonds."
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The River Basin Project has a Central Base Camp on a 1.50 hectare site containing:
An LFA (X-ray Sorting House) - Refectories - Dormitories
Garages - Multiple Storage Facilities - An Infirmary - Security Posts
The site is self-sustaining with 110 volts electrical energy availability 24 hours/day and the ability to generate electricity from 220V to 380 Volts for garage and LFA special needs. The site also has semi artesian wells each with a capacity of 2500 m3/hour and two reservoirs of 25,000 and 15,000 litres.
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SAOL Acquisitions
Sao Luis acquires properties that have the following characteristics:
1. Already in production and potentially "Maximized."
2. Proven resources that are production-ready.
3. Possess high-value minerals such as diamonds, gold, and silver. |
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The SAOL agreement for 35% with SL Mineradora Ltda ("SLML") in its River Basin diamond mining operation also gives SAOL the option to acquire a 65% interest in an undeveloped SLML diamond property of Sao Luis's choice. These assets include mining equipment and mineral rights licenses.
SAOL INVESTMENTS
The majority of Sao Luis' investment at the River Basin Project will be used for additional mining equipment and improvements to the mines infrastructure. This will include two more flow sort diamond sorters. The mine currently has one flow sort working at full capacity which limits the quantity of diamonds that are produced. Sao Luis Mining believes that the addition of two more diamond sorters and other planned improvements to the mining operation will increase production three fold within 6 months.
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Recent News from SAOL |
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Press Release Source: SAO LUIS MINING INC.
Tuesday May 30, 4:27 pm ET
SAO LUIS MINING, INC. Announces Effective Date for Forward Split
LAS VEGAS, NV--(MARKET WIRE)--May 30, 2006 -- SAO LUIS MINING, INC., (Other OTC:SAOL.PK - News) announced today that it has forward split shares of its common stock 40 shares for one. The record date of this forward split was May 26, 2006. The effective date when the post-split share price will be posted on the financial services trading platforms will be Friday, June 2nd. A detailed company profile and additional information may be obtained at www.iceminers.com.
Jack Lake, President and Chairman of the Board, stated on the day of the announcement, "We believe that this forward split will allow an active market for our common shares to develop. The anticipated activity in our common stock will improve the liquidity for our existing shareholders and enable the Company to raise the capital we believe is necessary to implement our business plan." To read the complete release and disclaimer, Click Here.
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Financial Highlights For Sao Luis Mining |
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MANAGEMENT
Jack Lake - Chairman & President Lalit Kothari - Director Carmine J. Bua, Esq. - V.P. Legal
Business Description: Diamond and Precious Metals Mining and Exploration.
Incorporated in Colorado, SAOL was formerly known as Mighty Mack USA Ltd.
Authorized Shares: 50,000,000 as of 2006-05-15 - Fiscal Year End: June 30
Shares Out (Millions)656.000 Market Cap (Millions)393.600 Float (Millions)656.000
Current Capital Change: shs increased by 40 for 1 split
Ex-Date: 2006-06-02 - Record Date: 2006-05-26 - Pay Date: 2006-06-01
Last Sale: 0.600 (06-06-06) Liquidity-Volume: 48,665
Transfer Agent: Corporate Stock Transfer, Inc., Denver, CO 80209
 
SAOL PRICE SAOL vs. S&P 500 INDEX
(San Luis began trading as SAOL in late May 2006)
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TO CONTACT SAO LUIS MINING |
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Sao Luis Mining, Inc.
Hughes Center
3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV 89109
Phone: (702) 990-3797 - Fax: (702) 990-3501
e-mail: info@iceminers.com
A photo gallery and geological report is available at the company Web site: www.iceminers.com.
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Disclaimer: StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP). The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. MP has been granted twenty thousand free trading shares of SAOL by BlueWave Advisors for for preparation and distribution of this report and other advertising services over a sixty day period. This constitutes a conflict of interest as to MP’s ability to remain objective in its communication regarding the subject company. Write or call MP for detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 - Market Pathways 17595 Harvard Ave., Suite C519 Irvine, CA 92614. MP is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. MP and/or its affiliates, associates and employees from time to time may have either a long or short position in securities mentioned. Information contained herein may not be reproduced in whole or in part without the express written consent of Market Pathways Financial Relations Incorporated. |
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