WESTON, Fla., March 4, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Goldtech Mining Corp. (OTCBB:GMNC), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Apple Computer, Inc. (Nasdaq:AAPL) and Able Energy Inc. (Nasdaq:ABLE).
Aggressive investors and day traders may be watching Goldtech Mining Corporation (OTCBB:GMNC) this morning! Yesterday after the markets closed, the company issued a press release announcing that the Assays revealed evidence of rubidium in addition to confirming the existence of tin, tantalum, lithium, and niobium at the Golpejas Property.
This could be great news for investors! Estimated market price for rubidium is approximately US$25.00 per gram. rubidium is an element of the alkali group and is recovered as a by-product in Lithium refining operations. The uses of rubidium include medical applications for locating brain tumors and for treating breast cancer. It is also used in electronic devices such as cathode ray tubs, vacuum tubes, photo cells, and atomic clocks.
Investors continue to watch this company's prospects! "We are thrilled that Rubidium has been identified. Since lithium, rubidium and cesium are often found together, we are also testing for cesium. We plan to release further Assays in the upcoming weeks," commented Tracy Kroeker, Chairman.
For more in-depth coverage of Goldtech Mining, visit http://216.63.242.254/GMNC0303.htm
Prior to the press release, the stock had closed at $1.06 a share.
In case you are not familiar with the company or the property: Goldtech Mining is a junior exploration mining company currently developing a formerly producing tin mine west of Salamanca, Spain, known as the Golpejas Property. Goldtech seeks to capitalize on the high demand of tin and tantalum as well as other minerals. The company's website is http://www.goldtechmining.com
The Golpejas property had previously been mined for tin and tantalum up until the early 1980s when markets saw tin prices collapse. This property has known reserves of tin and tantalum which is supported by data from the Spanish Institute of Mining and previous mining activity which indicates a significant tonnage of reserves with economic grades of tin and tantalum. The mineralization on the Golpejas property is exposed. With the recent increase in the prices of tantalum and tin and other rare metals, management is optimistic about the potential for this property. The company expects to further prove and expand the known reserves in order to re-establish mining operations at the Golpejas property.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) down 0.8% on 1.6 million shares traded, Apple Computer, Inc. (Nasdaq:AAPL) down 5.2% on 50.4 million shares traded and Able Energy Inc. (Nasdaq:ABLE) up 33.6% on 1.4 million shares traded.
Commentary:
"The Labor Department last week showed that unemployment claims fell by 1,000, bringing the weekly total to 310,000; this was inline with expectations," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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