14:57 | 15.03.2010
eResearch Update Report: ROCMEC MINING INC.
THE COMPANY
Rocmec Mining Inc., (“Rocmec” or the “Company”) is a Canadian junior
gold producer actively involved in the acquisition, advanced exploration,
development and mining of narrow-vein ore bodies, primarily using its
exclusive thermal fragmentation mining method. The Company also
contracts out the fragmentation process to third parties for licensing and
servicing.
INVESTMENT CONSIDERATIONS
Strengths
Recent NI 43-101 resource calculation for Rocmec 1 reports
85,900 ounces Measured and Indicated and 556,400 Inferred (3 g/t
cut-off).
Innovative use of an ecologically friendly underground treatment
plant at Rocmec 1;
Steady stream of revenue and cash flow from thermal
fragmentation, from service contracts with large mining
companies;
Thermal fragmentation technology generates less environmental
impact and lower capital costs; is easy to learn and use, making
labour easier to find and retain; and could make many previously
uneconomic ore bodies viable.
Challenges
The Company continues to require external financings in a difficult
financing environment for junior mining exploration companies;
Thermal fragmentation technology still has limited acceptance
within the mining industry;
Commodity prices are volatile.
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