Updating Celtic Minerals, Nissan Motor, Domino’s Pizza and Stantec Inc

Article Excerpt

CELTIC MINERALS $0.35 (Toronto symbol CME; SI Rating: Start-up) (403-261-2890; www.celticminerals.com; Shares outstanding: 60.0 million; Market cap: $20.7 million) has agreed to acquire a 75% interest in the Colliers River copper project, near Conception Bay, Newfoundland. A diamond drill has been mobilized on the property and drilling is underway. Celtic has the right to earn a 75% interest over three years by incurring expenditures of $300,000 on the property, and by making payments to its partner totaling $125,000, plus a payment of 175,000 Celtic shares. Strong mineral showings were first discovered at Colliers River in 1858 in surface samples, at which time a small shaft was sunk. No work has been completed since then. Celtic Mineral’s main prospect is still its West Voisey’s Bay property, 12 kilometers southwest of Inco’s Voisey’s Bay nickel-copper-cobalt mine in Labrador. It’s a long way between the initial drilling phase Celtic is now at on both properties, and the commercial production phase when it begins making money…

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