John Lee, Chairman & CEO of Prophecy Coal (TSX:PCY) and Chairman of Prophecy Platinum (TSXV:NKL) Interviewed by David Morgan of Silver-Investor.com - Video Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 6, 2012 - David Morgan, founder of Silver-
Investor.com and publisher of the Morgan Report, interviews John Lee Chairman &
CEO of Prophecy Coal Corp (TSX:PCY) (OTCQX:PRPCF) and also Chairman of Prophecy
Platinum Corp (TSXV:NKL) (OTCQX:PNIKF) (Frankfurt:P94P).
This video interview is available for viewing on InvestmentPitch.com. If this
link is not enabled, please visit www.InvestmentPitch.com and enter
"Prophecy1172" in the search box.
Prophecy Coal is an internationally diversified thermal coal production company
that controls over 1.4 billion tonnes of open-pittable thermal coal in Mongolia
(839 million tonnes measured, 579 million tonnes indicated) between two distinct
deposits. In November 2011, the Mongolian government issued Prophecy an official
permit to construct a 600MW power plant at the site of its Chandgana deposit.
The company's second project at Ulaan Ovoo, was commissioned for production in
November 2010. In a period of just 12 months, Ulaan Ovoo has become a top coal
supplier in Mongolia. In Q4 2011, the company sold 90,000 tonnes of coal to both
Mongolian and Russian companies. The company anticipates that Ulaan Ovoo will
produce 300,000 to 500,000 tonnes of coal in 2012, with increasing sales to
Russia and at higher selling prices.
Prophecy Coal currently owns 22.5 million shares (approx. 42%) of Prophecy
Platinum, which was spun off from Prophecy Coal in June 2011.
Prophecy Platinum is a mineral exploration company focused on developing
platinum group metals and nickel sulphide projects. Defining and driving the
company, is its flagship Wellgreen PGM Nickel property in Canada's Yukon
Territory. Prophecy's further holdings include the Lynn Lake Nickel Copper
project in Manitoba, the Las Aguilas Nickel PGM deposit in Argentina, as well as
five prospective claims in Uruguay.
Prophecy Platinum's 100% owned Wellgreen property is rich in platinum group
metals (platinum (Pt), palladium (Pd) and rhodium Rh), nickel (Ni) and copper
(Cu.). Conveniently located in the south west of Canada's mining-friendly Yukon
Territory, the site is approximately 35 kilometres northwest of the airstrip at
Burwash Landing, just 15 kilometres from the Alaska Highway and 402 kilometres
from Alaska's Haines deep sea port. Prophecy Coal acquired 100% of the Wellgreen
property following a September 21, 2010 merger with Northern Platinum,
subsequently transferring full ownership to Prophecy Platinum on June 13, 2011.
Management is focussed on advancing the project, with most recent efforts
centering around an underground drilling program initiated in January 2012 that
is intended to further define the Wellgreen resource. A more comprehensive
surface drilling operation will commence later in the spring. In addition, a
high level scoping study by Wardrop Engineering is expected to be completed by
early Q1-2012. Prophecy intends to utilize the results of the 2012 drill program
to update the current resource estimate.
For more information on Prophecy Coal, please visit the company's website at
www.prophecycoal.com, and for Prophecy Platinum, the company's website is
www.prophecyplat.com. You can also contact Chris Ackerman at 800-459-5583 or
email cackerman(at)prophecycoal.com or cackerman(at)prophecyplat.com.
David Morgan is a widely recognized analyst in the precious metals industry and
consults for hedge funds, high net worth investors, mining companies,
depositories and bullion dealers. He is the publisher of The Morgan Report on
precious metals, author of "Get the Skinny on Silver Investing", and a featured
speaker at investment conferences in North America, Europe and Asia. For the
latest on silver, please visit www.silver-investor.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing short three minute videos based on news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 06.02.2012 - 13:36 Uhr
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