fat prophets, page-68

Date: Wed, 30 Jan 2008 10:43:02 +1100
To:
From: [email protected]
Subject: Stock Pick of the Week - VRE


Hi Everyone,

During this volatile time, this week we have decided on an unhedged gold producer with no debt. They are on track to be cash flow positive this year with a target production of 120,000 oz's per annum.

This stock appears to be oversold and we can see smart money entering this stock right now.

Of course, there are many other bargains around and we are picking up loads of signals in our daily smart money scans with great results last week. There was also an unusual amount of Director activity last week with people picking up bargains. If you had have been looking, you would have notcied that James Packer picked up $14M worth of shares in Ellerston Gems Fund (EGF) in the last couple of weeks. Make sure you log in every day to see what we have found.


Happy Trading,

Keith Nielsen
CEO and author of 'Follow the Smart Money'

------------------------------------------------------------------------------- This weeks pick is VIEW RESOURCES (VRE)

from their website:

View aims to deliver a $50m p.a. cash flow on a sustainable basis within 5 years.

View's business plan is to:

1. Acquire assets that can deliver positive cash flows rapidly
2. Establish production and cash flow from assets acquired
3. Utilise cash flow to grow through project acquisition and targeted exploration


With the first 2 stages successfully completed, the focus is on step 3 - growing the company by utilising cash flow from existing operations.

View Resources has focused its business into three categories:

* Operations
* Current Assets
* New Opportunities

View Resources Ltd is both a nickel and gold explorer and miner. Currently focus is on our gold asset the Bronzewing gold project, located 80k NE of Leinster in the northern golfields.


Bronzewing, Gold

Bronzewing is currently in the detailed feasibility stage, which if a positive out come is achieved, will see t he recommissioning of the Bronzewing project scheduled for the middle of 2006.

A major infill and resource upgrade drilling program has recently been completed targeting the Cockburn underground. The outcome of this program will be used to complete the feasibility study.


Carnilya Hill, Nickel

Following a corporate decision in April 2005, there was a major shift in focus at the Carnilya Hill underground nickel mine, which entailed ceasing further development and focusing in on nickel production from the already established levels. This program successfully completed the mining schedule in December 05. At this point both declines, Zone 29 and Carnilya Hill were placed under care and maintenance.

Record production was achieved in the July quarter 05 with 629t of nickel in ore hoisted and processed. The project as a whole has mined 106,660t of ore for 2,870 of nickel since mining commenced in Oct 2003.

Currently further work is being undertaken on evaluating the Zone 29 east extension. All resources in this area are outside of the Mincor Farm-in.
New Opportunities

View regularly undertakes reviews of other projects and opportunities that could add value to the company. Our ability to expediently assess and react as appropriate presents and ideal environment in which to grow the company and compliment our existing assets.

Find out more at :

www.theinsidetrader.com.au



Happy Trading,
The Inside Trader Team