May 2, 2013 11:00 AM | 1 min read |
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
TYPHOON EXPLORATIONINC. ("Typhoon") is pleased to announce thatfollowing the resources estimate and the PEA report, Aurizon MinesLtd. (NYSE: AZK) is currently pursuing basic work on the Fayolle Property,comprised of 39 mining claims which are owned exclusively by Typhoonand cover 1,373 hectares straddling the major Porcupine-Destor Fault,one of the most productive gold structures of the Abitibi belt. It isto be noted that the mineralized zones of the Fayolle Deposit aredistributed along a major shear corridor of approximately 2.5 km longby 1 km wide. Aurizon is currently conducting the revision of drill cores(pre-Typhoon and recent 2010-2012) including lithogeochemicalsampling of the main units, alterations and mineralized envelopes; amore detailed description of lithology at the end of drillholes andstructures along drillholes as well as economic sampling at the end of drillholes. UPDATED MINERAL RESOURCE ESTIMATE SUMMARY The updated mineral resource estimate integrates the results of allthe drill programs on the Fayolle Deposit since the mineral resourceestimate prepared for Typhoon Exploration Inc. in 2007. (See pressrelease dated January 19, 2007) The updated mineral resources are estimated at 1,814,800 tonnes at2.7 grams of gold per tonne, or 156,000 ounces of gold at a minimumcut-off grade of 0.8 grams of gold per tonne. All of the updatedmineral resources are in the indicated mineral resource category.(See press release dated September 6, 2012) Preliminary metallurgical testwork indicates a process recoverybetween 94% and 97% with straight cyanidation. On the environmentalside, testing done on two composites samples suggests that acid generation is highly unlikely to occur from these samples consideringthe high carbonate/low sulphur content profile of both types ofmineralized rocks. The following table represents results at additional cut-off gradesfor comparison purposes (cut-off grades are based on the marketconditions: gold price, exchange rates and mining costs).
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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