Selwyn Resources Ltd. (CVE:SWN)

Who they are:

JV base metal explorer in the Yukon/Northwest territory.

Why you should care:

-The main project, Selwyn,  has scale potential to be one of the largest undeveloped zinc/lead mines

– Located in a politically stable part of the world.  Western Canada is as boring it gets and that’s a good thing.

-They have cash. 100 million Canadian dollars to be exact.  If there’s one over riding problem being an early investor in JV mining projects it’s constant dilution and the threat of running out of money.  The $100 million supplied by Yunnan Chihong Zinc and Germanium Co.  should go along way to funding the $85 million development program over the next 1.5 years.  For every 2 million supplied by Yunnan they will earn a 1% interest in the project. The  end result is a 50:50 joint venture.  Right now, I’m ok giving up 50%, the project is large and it takes alot of the risk out of being an early investor.

– The project is progressing towards bankable feasibility.  There’s already been ALOT of drilling and work done at the site to define the resource.

Numbers will follow.