WESTON, FL -- (Marketwire) -- 02/08/10 -- Wall Street News Alert's "stocks to watch" this morning are: VirtualHealth Technologies, Inc. (OTCBB: VHGI), Goldcorp Inc. (NYSE: GG), Newmont Mining Corporation (NYSE: NEM) and Nucor Corporation (NYSE: NUE)
Friday after the markets closed, VirtualHealth Technologies, Inc. (OTCBB: VHGI) issued a press release announcing that VHGI Gold LLC, its wholly-owned operating subsidiary, has completed scheduled payments of cash and restricted shares of VHGI to the former leaseholder of the Treasure Gulch Lease-Purchase Option. Additionally, VHGI Gold confirmed that they intend to release details of plans to mine and process the gold reserves on the properties once their consultants have completed final due diligence over the coming weeks, which consultants are presently evaluating the full acquisition of the Treasure Gulch and Zero Mining Properties.
"From this point forward the only payment due the former leaseholders is a payment of $25,000 scheduled May 1, 2010; payments to the property owner have been completed for the period through 2012," stated Jim Renfro, President of VHGI. "After we conduct scheduled ore sampling and further project analysis we intend to decide whether to acquire the property outright or extend the lease through 2013, with an option to extend through 2023. If the numbers line up as anticipated, VHGI intends to proceed with a full acquisition of the property; at present we are evaluating plans to get the property into limited production as quickly as possible while we review construction of a full scale hard rock processing facility."
The stock closed Friday at Nineteen cents a share.
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Goldcorp Inc. (NYSE: GG) up 6.8% on 18 million shares traded. Goldcorp is the lowest-cost and fastest growing multi-million ounce gold producer with operations throughout the Americas. Its gold production remains 100% unhedged.
Newmont Mining Corporation (NYSE: NEM) up 6.1% on 17.1 million shares traded. Newmont Mining Corporation is one of the leading mining companies in the U.S.
Nucor Corporation (NYSE: NUE) up 2.4% on 8.4 million shares traded. Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.
Market Commentary: Benchmark crude for March delivery on Friday lost $1.95, nearly 3 percent, to settle at $71.19 a barrel on the New York Mercantile Exchange. Oil plunged as low as $69.50 a barrel earlier in the day. That's the cheapest oil has been since Dec. 15.
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