SOURCE: Wall Street News Alert

Wall Street News Alert

June 04, 2007 08:33 ET

Wall Street News Alert: DHNA Is on the Move! June 4, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - June 4, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Dhanoa Minerals Ltd. (OTCBB: DHNA), Barrick Gold Corporation (NYSE: ABX), Kinross Gold Corp. (NYSE: KGC) and Pan American Silver Corp. (NASDAQ: PAAS).

Dhanoa Minerals Ltd. (OTCBB: DHNA) is another new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. Friday after the markets closed, the company, a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties, issued a press release announcing its plan to acquire more properties using revenues generated from its three mines in the Bella Rica region of southern Ecuador.

According to the press release, this aggressive growth strategy has increased Dhanoa Minerals' gross revenue goals to 300,000 ounces of gold production by the third year.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Dhanoa Minerals! The press release also states that in the first year, production is projected to 100,000 ounces of gold, which, assuming gold is $670 per ounce, translates into initial revenues of $67 million. With the cost of production at $280 per ounce, this translates into impressive gross profits of $390 per ounce, or $39 million annually.

Dhanoa Minerals management previously expressed their goal to generate gross revenues of no less than $170 million each year after year two of production, based on a recently completed resource extraction estimate for its three mines in the Bella Rica region of southern Ecuador.

By the third year, Dhanoa Minerals plans for its current and future properties will produce 300,000 ounces of gold per year, resulting in revenues and gross revenues of $201 million and remains confident that the price of gold is predicted to increase; therefore Dhanoa's revenues could be correspondingly higher.

Continue to watch this company. "We have targeted and embarked on an aggressive acquisition plan to acquire promising properties throughout South America," stated Mr. Lee Balak, president of Dhanoa Minerals, Ltd. The company plans to finance this strategy by using revenues generated from its Bonanza, Guanache, and Mollopongo mines. Revenues from these properties should be more than sufficient for our expansion goals to be met."

In addition, Mr Balak stated that the issuance of a 3% dividend for all shareholders of record at the end of the current quarter, ending June 30th, 2007, will be considered at the upcoming Board of Directors Meeting scheduled for June 15th.

Prior to the latest press release, the stock closed Friday at $1.25 a share.

In case you are not familiar with the company: 'Dhanoa' is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, where you may also sign up to receive free email alerts in advance of our press releases being issued.

Barrick Gold Corporation (NYSE: ABX) up 1% on 11.7 million shares traded.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Kinross Gold Corp. (NYSE: KGC) up 2.3% on 6.1 million shares traded.

Kinross, a Canadian-based gold mining company, is the fourth largest primary gold producer in North America and by reserves, the fifth largest in the world.

Pan American Silver Corp. (NASDAQ: PAAS) down 2.9% on 1.3 million shares traded.

Pan American Silver's mission is to be the largest and lowest cost silver mining company globally, and to achieve this by constantly increasing its low cost silver production and its silver reserves. Pan American has delivered 13 consecutive years of production growth and expects to continue this trend in 2007 as silver production is forecast to increase by 31% to 17 million ounces.

Market Commentary:

"The was a little welcomed relief as gasoline retail prices retreated further from last week's record highs. The national average price of a gallon of gas fell to $3.184 a gallon, down 0.7 cent overnight and off 4.3 cents since the May 24 record of $3.227. However, gasoline and oil futures jumped Friday on continued concerns that domestic refineries aren't producing enough gas to meet peak summer driving demand," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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