SOURCE: Wall Street News Alert

Wall Street News Alert

June 06, 2007 08:48 ET

Wall Street News Alert: DHNA, Wednesday's Hot Stock to Watch! June 6, 2007

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

WESTON, FL--(Marketwire - June 6, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Dhanoa Minerals Ltd. (OTCBB: DHNA), Wits Basin Precious Minerals Inc. (OTCBB: WITM), Silver Wheaton Corp. (NYSE: SLW) and Vista Gold Corp. (AMEX: VGZ).

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. Yesterday, the company, a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties, issued a press release announcing that the emerging mineral production company expects to generate an additional $6.5 million in revenue over the next 12 months from the production of silver at its three Bella Rica properties located in southern Ecuador.

According to the press release, with over 850,000 ounces of gold reserves, the company projects that silver reserves at the three Bella Rica properties are over 4 million ounces. At current market prices of approximately $13 per ounce, with the cost of production already priced in, Dhanoa's silver reserves translates into $52 million in revenues over the life of the mine for the company.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Dhanoa Minerals! "We have concluded that there are approximately five times the amount of silver reserves at our properties than gold reserves," stated Mr. Lee Andrew Balak, President of Dhanoa Minerals.

Mr. Balak continued, "As previous stated the company projects to produce 100,000 ounces of gold over the next 12 months, resulting in revenue of approximately $67 million. However, today we are very pleased to report the addition of 500,000 ounces of silver production over the next 12 months. From this silver production we should be able to realize $6.5 million in additional revenue not previously projected over the next 12 months."

The press release also states that over the next 24 months Dhanoa's production capacity is expected to more than double to approximately 250,000 ounces of gold and over 1 million ounces of silver.

Continue to watch this company. On Friday, the company also 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 that press release, this aggressive growth strategy has increased Dhanoa Minerals' gross revenue goals to 300,000 ounces of gold production by the third year.

The stock closed Tuesday at $1.18 a share.

For Wall Street News Alert's previous in-depth profile of Dhanoa Minerals Ltd., visit

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.

Wits Basin Precious Minerals Inc. (OTCBB: WITM) up 3.5% on 779,000 shares traded. They are a minerals exploration and development company holding interests in three exploration projects and currently do not claim to have any mineral reserves on any project. The company recently announced that it has finalized and executed the definitive documents regarding the announced merger with Easyknit Enterprise Holdings Limited. The exchange will grant a minimum of 21 shares of Easyknit for each share of Wits Basin.

Silver Wheaton Corp. (NYSE: SLW) down 0.08% on 1.7 million shares traded. Silver Wheaton is the only public mining company with 100% of its operating revenue from silver production.

Vista Gold Corp. (AMEX: VGZ) down 2.5% on 223,000 shares traded. Vista Gold Corp., based in Littleton, Colorado, evaluates and acquires gold projects with defined gold resources. Additional exploration and technical studies are undertaken to maximize the value of the projects for eventual development.

Market Commentary:

"The ISM, Institute for Supply Managers, report said that their non-manufacturing index rose for April, 59.7% versus 56%, the highest reading since April of 2006. Economists were forecasting a slight drop; analysts say that this data reinforces the fact that the economy continues to expand. The 12 or 15 industries expanding included mining, information, recreation, and even construction and retail, but just slightly," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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