$GOLDF


Pele Mountain Resources


News today :

http://www.otcmarkets.com/stock/GOLDF/news/Pele-Mountain-Resources-Appoints-Wayne-Richardson-as-Chairman-of-its-Board-of-Directors?id=123285&b=y



Uncharacteristic Price & Volume Jump

FROM SCHWAB :


Symbol
GOLDF
Last
0.0276
Change
+0.0034 (+14.05%)
Bid
0.0276
Ask
0.031
High
0.0276
Low
0.0207
Volume
383,590
Time (ET)
11:20:53 AM



The price & Volume increase is based on this ?

TORONTO, ONTARIO--(Marketwired - Jan 15, 2016) - Pele Mountain
Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the
"Company") is pleased to announce the appointment of Mr. Wayne
Richardson to its Board of Directors and his election as Chairman of
its Board.

Mr. Richardson is President and Chief Executive Officer of Enirgi
Group ("Enirgi"), a privately held specialty chemicals & diversified
industrials company headquartered in Toronto, Canada. Enirgi owns
and operates a portfolio of diversified assets and operations focused
on Power Storage, Chemicals, Resources, Innovation, Environmental
Services, and Agriculture.



Until2017

$GOLDF





Well then . . . . . . . . . . .





Symbol
GOLDF
Last
0.0341
Change
+0.0076 (+28.68%)
Bid
0.0303
Ask
0.0341
High
0.0341
Low
0.0303
Volume
142,800
Time (ET)
2:37:26 PM




NOTICE THE VOLUME PLEASE ! ........... Most unusually high.




Sumpin's up ! ........... No news that I can find quickly. ........... Must be news that has not hit the front page yet.




Until

PELE MOUNTAIN ——— $GOLDF





BASIC SIX MONTH CHART —— naked —— no technicals, no nuthin'







This chart needs no commentary whatsoever.



Silver soon !



Until2017

PELE Board Member Inquiry


Please respond


Pele is generally known , outside of Canada, by the symbol "GOLDF" and not "GEM"


An I H Admin graciously added the descriptor "GOLDF" to the Board Label - - - when I requested that a few weeks ago.


I would like to ask the Admin here to change the Board Symbol from the TSX symbol "GEM" to the more commonly accepted OTC symbol "GoldF" ....... This should enhance outside interest in this stock as it finally moves out of its decade long slumber.


Does anyone object ?


GREAT THINGS ahead for GOLDF - - - IMO


Until2017

$GOLDF —— reason for VOLUME expansion in the last week


THIS IS THE REASON :

Investors ( real investors and not flippers ) are excited by this company mentioned in the Press Release. ........ EXCERPT BELOW :


http://www.otcmarkets.com/stock/GOLDF/news/Pele-Mountain-Executes-MOU-with-Major-Chinese-Rare-Earth-Player-to-Pursue-Opportunities-of-Developing-Rare-Earth-Processing-Facilities-in-Elliot-Lake?id=100655&b=y

Pele Mountain Executes MOU with Major Chinese Rare Earth Player to Pursue Opportunities of Developing Rare Earth Processing Facilities in Elliot Lake
.........
.........
TORONTO, ONTARIO--(Marketwired - Mar 30, 2015) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) (OTCQX:GOLDF) ("Pele" or the "Company") announced today that it has entered into a Memorandum of Understanding ("MOU") with Sheng Kang Ning (Shanghai) Mining Investment Co. Ltd., ("SKN") to jointly pursue the opportunity of developing rare earth processing facilities at Pele's Eco Ridge property in Elliot Lake, Ontario (the "Eco Ridge Property").
.........
SKN is a foreign investment platform, and 90-percent owned subsidiary, of Shenghe Resources Holding Co. Ltd., ("Shenghe") (SH 600392), a global leader in rare earth mining, processing and downstream chain. SKN & Shenghe possess proprietary technologies for environmentally sustainable, low cost, rare earth processing and have the expertise and experience to design, build, and operate rare earth processing facilities.
.........
The MOU sets out the terms under which Pele and SKN (the "Parties") will work together, subject to the approval from relevant Chinese and Canadian government authorities, on an exclusive basis within Canada, to negotiate a definitive agreement (the "Definitive Agreement") to establish a joint venture for the sustainable development and operation of a state-of-the-art monazite processing facility and downstream value added rare earth processing facilities, to be located on Pele's Eco Ridge Property. (Neither party shall be under any restriction with respect to carrying on such business outside Canada.)
.........

<<<< End of Excerpt >>>>


Let me repeat that I am 100% convinced that this is the reason for the massive volume in the last week. ......... MASSIVE, when compared to the preceding months average volume.

I have begun researching this company. Here is an overview :

About SKN & Shenghe
.........
Sheng Kang Ning (Shanghai) Mining Investment Co., Ltd. ("SKN") is a mining investment company registered in China (Shanghai) Pilot Free Trade Zonen+îfocusing on worldwide mining investment and financing, mining consultancy, geological exploration and mining development. SKN is 90% held by Shenghe Resources Holding Co., Ltd. ("Shenghe"), serving as its investment platform and technical consulting center.
.........
Shenghe is a fully integrated rare earth production company, listed on Shanghai Stock Exchange (600392.SH), focusing on rare earth mining, beneficiation, metallurgy, separation, downstream processing and marketing. As a leading rare earth player, Shenghe is actively looking for cooperation opportunities all over the world by means of technical assistance, equity investment, off-take arrangement etc.
.........
.........
Shares Outstanding: 179,081,549

<<<<<< End of overview >>>>>>


Above is just an overview. ......... My research is taking me much deeper than that. ......... Here is where it is taking me . . . . . Shenghe is a major successful and legitimate player in the Rare Earth space. ......... Which brings instant name recognition and legitimacy of PELE's move into this space.


THIS IS SIGNIFICANT and it is precisely what is driving the GOLDF volume in the last week.


TO BE CLEAR, Shenghe is a vertically integrated player in this space, and the JV ultimately succeed based on the experience and world-class operational ability that SHENGHE brings to this Joint Venture.

Next post I will discuss some of Shenghe's projects . . . . and flesh out the company with much more detail . ......... Enough typing for one post.


REPEATING ONE FINAL TIME : ......... GOLDF investors are very excited by the power and experience that SHENGHE brings to the Joint Venture. ......... Success is 99% assured, IMO.......... And I am 100% convinced of that !


GLTA



Until2017

$GOLDF ——— research progress


I have - - - to my satisfaction - - - - discovered the link between the current massive and uncharacteristic increase in GOLDF volume - - - - - and whatever underlying activities with the Company are driving that volume.


I need to bring my research into a perspicacious and concise form before I post it here.


I need to be clear here : ...... It's all good !




Today, so far :

Symbol
GOLDF
Last
0.056
Change
-0.012 (-17.65%)
Bid
0.056
Ask
0.06
High
0.064
Low
0.056
Volume
561,224
Time (ET)
1:27:12 PM




Later


Until2017, shareholder

$GOLDF ——— is there news coming ?


I have placed a call to the Pele Corporate Office in Toronto.


Awaiting a return call sometime today


BELOW TAKEN FROM ANNUAL REPORT :
Corporate Office
2200 Yonge Street
Suite 905
Toronto, Ontario
M4S 2C6
Canada
Telephone: ....... (416) 368-7224
Fax: ................. (416) 368-7230
Website: www.pelemountain.com
E-mail: info@pelemountain.com



Until2017

$GOLDF —— new day with a nice volume burst at the start


I CALLED PERSHING RESOURCES YESTERDAY . ....... The IR person
stated clearly that the J.V. between Pershing and Pele Mountain has
ceased to be in force. ....... That JV occurred about 4 years ago.


Back to today's question, why the higher volume ?


Symbol
GOLDF
Last
0.064
Change
-0.004 (-5.88%)
Bid
0.06
Ask
0.064
High
0.064
Low
0.06
Volume
254,049
Time (ET)
9:42:49 AM


I'll find out, I just need more time . ........ Meanwhile, I am making pretty good money here.


Until2017

$GOLDF —— LAST NEWS POSTED


http://www.otcmarkets.com/stock/GOLDF/news/Pele-Mountain-Executes-MOU-with-Major-Chinese-Rare-Earth-Player-to-Pursue-Opportunities-of-Developing-Rare-Earth-Processing-Facilities-in-Elliot-Lake?id=100655&b=y


Pele Mountain Executes MOU with Major Chinese Rare Earth Player to Pursue Opportunities of Developing Rare Earth Processing Facilities in Elliot Lake
.........
.........
TORONTO, ONTARIO--(Marketwired - Mar 30, 2015) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) (OTCQX:GOLDF) ("Pele" or the "Company") announced today that it has entered into a Memorandum of Understanding ("MOU") with Sheng Kang Ning (Shanghai) Mining Investment Co. Ltd., ("SKN") to jointly pursue the opportunity of developing rare earth processing facilities at Pele's Eco Ridge property in Elliot Lake, Ontario (the "Eco Ridge Property").
.........
SKN is a foreign investment platform, and 90-percent owned subsidiary, of Shenghe Resources Holding Co. Ltd., ("Shenghe") (SH 600392), a global leader in rare earth mining, processing and downstream chain. SKN & Shenghe possess proprietary technologies for environmentally sustainable, low cost, rare earth processing and have the expertise and experience to design, build, and operate rare earth processing facilities.
.........
The MOU sets out the terms under which Pele and SKN (the "Parties") will work together, subject to the approval from relevant Chinese and Canadian government authorities, on an exclusive basis within Canada, to negotiate a definitive agreement (the "Definitive Agreement") to establish a joint venture for the sustainable development and operation of a state-of-the-art monazite processing facility and downstream value added rare earth processing facilities, to be located on Pele's Eco Ridge Property. (Neither party shall be under any restriction with respect to carrying on such business outside Canada.)
.........
Under the MOU, the Parties will negotiate a Definitive Agreement that incorporates the following proposed terms, among others:
.........
•a stated purpose to maximize financial benefits to both Parties through the sustainable development of continuous, reliable rare earth processing operations;
•The JV is to be owned 50.1-percent by SKN and 49.9-percent by Pele;
•SKN will use its processing technologies for the JV to process monazite concentrate (subject to approval of Chinese authorities) and Pele will lease a portion of its lands to the JV for construction of the Project, both on a commercial basis;
•SKN (or qualified third parties nominated by SKN) shall be retained by the JV to design and construct the processing facilities.
•The Definitive Agreement will set out the duties of SKN as operator of the processing facilities;
.........
Pele President Al Shefsky stated, "We are delighted to enter into this MOU with SKN. The MOU represents a strong endorsement for Pele's monazite processing strategy, and is an important first step to bringing the experience and expertise of a proven global leader in rare earth processing to our Project in Elliot Lake, Ontario."
.........
The MOU remains non-binding other than the provisions relating to confidentiality, exclusivity, jurisdiction and certain other standard clauses, which are intended to be binding. Unless the Parties agree to extend the MOU, it will automatically expire in its entirety, if the Parties do not satisfy and waive their respective due diligence and other conditions and negotiate and execute the Definitive Agreement on or before September 30, 2015.
.........
.........
.........
<<<< END of NEWS RELEASE EXCERPT >>>>





Until2017

$GOLDF ——— MOMO developing and continuing ! ! ! !


Symbol
GOLDF
Last
0.0602
Change
+0.0161 (+36.51%)
Bid
0.0562
Ask
0.0602
High
0.0602
Low
0.0522
Volume
586,067
Time (ET)
10:04:39 AM


THIS TRAIN IS LEAVING THE STATION. ..... NOW ! ..... Indeed, much sooner and faster than I have been suspecting. ..... I was not ready for this, yet. .....( I HAVE MORE SHARES TO BUY . )


Do you have your boarding pass to the destination ? ..... My Boarding pass reads this : ..... " DESTINATION : Steady accumulation of Wealth "

LATE EDIT : ..... This is happening fast than I can post screenshots !

Symbol
GOLDF
Last
0.0602
Change
+0.0161 (+36.51%)
Bid
0.0562
Ask
0.0602
High
0.0642
Low
0.0522
Volume
999,567
Time (ET)
10:22:01 AM



Until2017

$GOLDF ————— Momo at the opening bell


Symbol
GOLDF
Last
0.0561
Change
+0.012 (+27.21%)
Bid
0.0481
Ask
0.0561
High
0.0561
Low
0.0521
Volume
431,400
Time (ET)
9:39:14 AM


MOMO with a pretty PRICE RISE !


What could be better than that on o nice Spring Monday Morning ?


Until

GOLD MINING SECTOR WEAKNESS

as compared to

INDIVIDUAL MINING STOCK WEAKNESS





The sector has been weak for much of the last decade....... Since GOLDF and PSGR are so highly correlated in the chart above, then you can be sure that the price pain has been caused by GOLD MINING STOCK sector weakness. ...... More than by weakness in the individual stocks. ...... And this weakness has been persistent since 2011, with a minor breakout in 2007 that did not last.


Pick any two Gold mining stocks at random, say in the penny stock space. ...... Compare them. ...... YOU'LL SEE THE SECTOR WEAKNESS .


THE GOLD MINING SECTOR WILL REBOUND. ...... Buy weakness, sell into strength.


BUY WHEN THERE IS BLOOD IN THE STREETS. ...... The Gold Mines have been gushing crimson for many years.


( In order to BUY LOW & SELL HIGH, you gotta always buy low. ... This is done to make money. ... TO BUY LOW, you must buy when a sector is out of favor. ... The Gold Mining Sector is currently out of favor. ... This can be seen in the index and other sector charts. )


The Gold Mining Sector is about to resurrect... SOON! ...... THE N.Y.C. elite tribe of Banksters will lose their grip on Gold soon enough. ...... The coming rise in Gold will destroy their phony green paper money....... Then the P.M. mines will shine again. ...... Like they were about to do ten years ago


GOT GOLD ?



Until

PERSHING Precious Metals has had a relationship with Pele Mountain for many years.


SEE IMAGE :




I do not know the current status of the PSGR<>GOLDF Joint Venture. ....... They may still have a similar relationship, or the "J.V." may have withered due to lack of success.

I will contact IR for Pele Mountain ( and Pershing too ) to see if the J.V. is still alive. ....... I have been a Pele Mountain and Pershing investor for eight-plus years.



Until2017

$GOLDF ———— Recent attractive chart


In Vegas, if you ever play the slots . . . . or watch dem dat does, you understand that a person is fearful of leaving the machine. ...... Even for a Bio-Break. ...... EVEN FOR A LOUSY N.Y. MINUTE !

AS SOON AS YOU GET UP AND WALK AWAY, some other loser will sit at your seat and score the $10,000.00 you were building up in the machine's bowels





If you look at the lime oval I drew on this chart, you can easily see those that gave up, and "capitulated" , just before the recent run up.


Dare we call it a recovery ? ...... STAY TUNED.


Until2017

needs some Momo but what a gem lol

We are in the midst of a new Spring Breakout. I am into Pele Mountain in a big way.

I have more posts to make tomorrow. We'll start with the MOU this week :

http://www.pelemountain.com/news.php


http://www.pelemountain.com/news-release.php?id=787


Later,


Until2017

GEM looking for bigtime breakout Golden cross imminent

Uranium Price Gap Widens

http://uraniuminvestingnews.com/11849/uranium-price-gap-widens.html

Tuesday July 3, 2012, 1:09pm PDT IBTimes reported June was a slow month in uranium as the yellowcake remained largely untraded and the gap between buyers and sellers widened.

As quoted in the market news:

“Spot prices barely budged on the 15 transactions reported in June by industry consultant TradeTech, with sellers unwilling to drop their prices and buyers not willing to pay more.

With traders comprising the vast majority of both buyers and sellers in the bulk of the transactions reported over the past several months, TradeTech notes the spot uranium price remains stuck between the lack of committed buyers and what are fairly unmotivated sellers at current levels.

Pele Mountain Files Updated Preliminary Economic Assessment for Eco Ridge Mine Project, Presenting a Pathway to Renewed Production of Critical Rare Earths and Uranium at Elliot Lake, Ontario

(via e-mail)

TORONTO, ONTARIO--(Marketwire - July 4, 2012) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today announced the filing of its updated NI 43-101 Preliminary Economic Assessment (the "PEA") on its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project"). The PEA was prepared by Roscoe Postle Associates Inc. ("RPA") and demonstrates that Eco Ridge has excellent potential to become a profitable producer of rare earth oxides ("REO") and uranium oxide ("U3O8").

Since publication of its previous PEA in July 2011, Pele has pursued opportunities for processing improvements at Eco Ridge. As reported in Pele's press release dated April 16, 2012, the updated PEA demonstrates that the predominant monazite rare earth mineralogy allows for excellent recovery with acid baking methods, improving recoveries by more than 10-fold for Light REO, by more than double for Heavy REO, and by nearly 30-percent for U3O8. The projected financial benefits from sharply higher rare earth recoveries far outweigh associated capital and operating cost increases and more conservative forecast commodity pricing.

Pele President and CEO Al Shefsky stated: "Our updated PEA demonstrates that Pele is a clear leader in the ongoing race to develop new sources of critical rare earths outside of China. As development timelines continue to slip at several well-known REO projects, we believe that the competitive advantages of Eco Ridge are increasingly apparent and attractive. We are pleased to publish our updated PEA and anticipate completing our updated Project Description during the current quarter in preparation for commencement of the licencing process."

Eco Ridge has competitive advantages that may enable its development ahead of other REO projects, including:
- Its location in Elliot Lake, a proven mining camp with outstanding regional infrastructure including roads, railway, power, natural gas, airport, and deep-water ports. Elliot Lake has produced more than 300-million pounds of U3O8 and is the only Canadian mining camp to have achieved commercial REO production.
Pele's world-class development team, led by Roger Payne P. Eng., former General Manager for Rio Algom, and includes RPA, SNC-Lavalin Inc., SENES Consultants Limited, and Golder Associates Ltd., which have extensive experience with licensing, operating and decommissioning mines in Elliot Lake.
- A pending update to its Project Description, and a potential target for a licence to construct the mine in 2015. Eco Ridge has no known environmental liabilities and enjoys enthusiastic local support.
- Its status as one of the few North American REO deposits with a positive NI 43-101 compliant PEA.
- Two-thirds of projected Project revenue is from REO; nearly 80-percent of REO revenue is from Heavy REO plus Nd2O3 with significant diversification from U3O8.
- Well-understood monazite rare earth mineralogy and metallurgy, allowing for excellent recovery with acid baking methods.

Operational highlights of the updated PEA include:
- 9,000-tonne per day operation with life-of-mine production of 97.2-million lbs. of total REO (in the form of a mixed rare earth carbonate concentrate) and 27.5-million pounds of U3O8 over an 11-year mine life;
- Production of a strategically significant combination of rare earths forecast to remain in supply deficit, with 85-percent of Project revenue from Heavy REO, neodymium oxide (Nd2O3) and U3O8.
- Life-of-mine production includes 14.2-million lbs. of Nd2O3, 882,000 lbs. of dysprosium oxide (Dy2O3), 4.1-million lbs. of yttrium oxide (Y2O3) and significant quantities of terbium and europium oxides, providing a vital source of Critical REO outside China.
- Light REO recoveries average 89-percent, Heavy REO recoveries average 78-percent, and U3O8 recovery averages 90-percent;
- Accelerated capital payback with initial mining within a higher-grade channel; Year 1 production is expected to exceed average life-of-mine grades by approximately 40-percent.
- Increased mineral resources include recently drilled lateral extensions of the Main Conglomerate Bed ("MCB") and new Hanging Wall Zone ("HWZ").

Financial highlights of the updated PEA include (all terms in US$):
- For an 11-year mine life, Cumulative total gross revenue of $5.90-billion; Cumulative operating cash flow of $2.83-billion; Cumulative pre-tax cash flow of $2.16-billion;
- NPV of $1.02-billion (at a 10-percent discount rate); IRR of 50-percent;
- Start up capital expenditures of $563-million (includes contingency of $108-million);
- $535-million of processing fees included for separation of rare earth concentrates into individual oxides;
- REO basket price of $78 per kg for individual oxides net of separation costs and U3O8 price of $70 per pound are far more conservative than price forecasts in 2011 PEA;
- 67-percent of Project revenue from REO; Nearly 80-percent of REO revenue from Heavy REO plus Nd2O3.
- Operating unit cost of $71.33 per tonne or $13.09 per kg ($5.94 per lb) Total REO, net of U3O8 credits.
- Before-tax payback period of 1.5 years from commencement of commercial production.

The economic analysis is based, in part, on Inferred Resources, and is preliminary in nature. Inferred Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves. There is no certainty that economic forecasts on which this Preliminary Economic Assessment is based will be realized.

An extended mine life sensitivity analysis demonstrates the economic potential of a longer mine life at Eco Ridge. RPA examined the effect of extending the mine life with the inclusion an additional 50 million tonnes of production material from the MCB. At a 9000 tonne per day production rate, the mine life is extended to 25 years and the resulting Project NPV is C$1.7 billion (at a 10% discount rate) and the IRR is 51-percent. At a 12,000 tonne per day production rate, the mine life is extended to 20 years, the NPV is C$2.1 billion (at a 10% discount rate) and the IRR is 53%.

For additional details regarding the updated PEA, please see Pele's press release dated April 16, 2012. To view or download the entire PEA, please visit Pele's website at http://www.pelemountain.com.

Pele is committed to the pursuit of sustainable development in Elliot Lake and seeks to provide long-term benefits to local communities. The Pele Board, management team, and staff offer their deepest condolences and unwavering support to the people of Elliot Lake as the community recovers from the recent Algo Centre Mall tragedy.

The technical and economic information relating to the PEA contained in this press release has been reviewed and approved by Jason Cox, P. Eng., Director of Mine Engineering for RPA, an independent qualified person under NI 43-101. This press release has been reviewed and approved by Roger Payne P. Eng., Pele's Executive Vice President and a Qualified Person under NI 43-101.

Strong possibility of a market bottom... link to comps:

http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,EFR.TO,DNN,UEC,URPTF,MGAFF,SXRZF,CXZ,RRI.V|C|H14,3

PEA's are not a proven mineable resource. This is the 3rd or 4th PEA they have released since acquiring the property.

Pele Mountain Announces Updated Preliminary Economic Assessment for Eco Ridge Mine Rare Earths and Uranium Project: $2.16-Billion Pre-Tax Cash Flow, $1.02-Billion NPV (10% Discount Rate), 50% IRR

http://www.marketwire.com/press-release/pele-mountain-announces-updated-preliminary-economic-assessment-eco-ridge-mine-rare-tsx-venture-gem-1643968.htm

Perspective: Oil Prices Rose 19% In 2011 - Another Sign That A Nuclear Renaissance Is Inevitable
January 3, 2012

http://seekingalpha.com/article/317065-oil-prices-rose-19-in-2011-another-sign-that-a-nuclear-renaissance-is-inevitable

Oil prices rose 19% over the course of 2011, the third consecutive year marked by a rise in the price of oil. Below is the monthly chart of Brent Crude Oil that illustrates the clear uptrend.



While currency devaluation, geopolitical tensions, and speculators are all forces that may be contributing to rising oil prices and greater market volatility, a growing factor that suggests the price rise will continue is the supply/demand imbalance in the oil market. In other words: demand for oil and other fossil fuels is only growing, but the supply of them is diminishing. The chart below illustrates.



While I believe the world will likely be using fossil fuels as a primary source of energy for some time, we are clearly at a point where a new source of energy is needed. I believe nuclear energy is the primary candidate destined to grow, for the following reasons:

1. It can provide "baseload" - meaning always on - energy
2. It is emission-free
3. It has high power density, which means it does not require an inordinate amount of land and thus is conducive to powering cities
4. It is inexpensive

No other source can really make these same claims. Wind and solar are much more expensive and cannot effectively provide baseload energy, which is precisely why they remain insignificant sources of power on a global basis. Technological breakthroughs may change this, though I don't see this on the horizon, and believe renewables will have limited roles in the global energy market until this changes.

And so, the rise of nuclear energy is virtually inevitable -- the world will demand it for survival. Accordingly, China already has 25 nuclear power plants under construction, and realizes that nuclear will be a key part of how its nation is powered as it increasingly urbanizes. Investors can recognize China as the "smart money" -- the force driving the market's demand and sending prices higher -- in the nuclear energy market.

Of course, this transition will not occur overnight - nuclear power plants take a long time to build - and so oil, coal, and natural gas will continue to play an important role in providing energy to the world. Investors will need to be patient, as this market may take up to a decade to really get going. The value network is still developing and much depends on how government participates and regulates the market, as well as what innovations entrepreneurs will develop as the market grows.

For now, the investment opportunity is simple: uranium. Nuclear power is most easily obtained through processing of uranium, and so uranium mining firms are the buy and hold opportunity for patient investors looking to participate in the nuclear renaissance. Uranium ETFs like URA as well as mining companies like Uranerz (URZ), Uranium Energy Corporation (UEC), and Cameco (CCJ) are plays that make sense from this perspective, with UEC being my favorite due to the adept leadership of its Amir Adnani - its founder and CEO with a background as a serial entrepreneur with a marketing focus - as well as the firm's focus on ISR mining which I regard as an enabling technology that will allow UEC to experience lower mining costs than traditional open pit mines.

As compelling as the uranium story is, I cannot overemphasize the need for patience. Nuclear energy is still not appreciated and the entire energy market is poorly understood. This represents a great opportunity for the educated investor, provided they have patience and conviction, and understand the economics of nuclear is really the only option barring some type of technological breakthrough that currently is nowhere in sight. As always, investors will find it to their advantage to focus on the actions of the smart money - which in this case is China - while ignoring short-term sentiment factors like the concerns about nuclear energy stemming from the Fukushima crisis.

While uranium remains the mineral to invest in and focus on, investors should also keep an eye out to see how Thorium develops. Thorium is a potential substitute for uranium in the production of nuclear power, and possesses less of a radiation risk - a common criticism of uranium. However, the value network for thorium is a bit undeveloped at the moment, and it does not appear that there is yet a "smart money" faction that can push prices higher. Thorium is also more a more expensive way of generating nuclear power, an obstacle I suspect will need to be overcome if thorium is to become a serious opportunity for investors looking to invest in the nuclear renaissance.

So get ready for a whole new energy paradigm as we move away from oil. Understand, though, the process will take time, and that the science and economics suggest the opportunity is nuclear energy unless there is some type of a big technological breakthrough. And of course, patience is your friend; while the economics will, as always, ultimately dictate what happens, the process can be slow. China is the one to watch, and so long as they are committed to the market, any sell-offs in opportunities to invest in nuclear energy, namely via uranium mining firms, constitute an opportunity to buy the dip.

Disclosure: I am long UEC, CCJ.

U308 news: Canada reaches uranium trade deal with China

Thu Feb 9, 2012 10:16am EST

* Pact allows more Canadian uranium into China

* China fastest growing nuclear market in world

* Uranium to be used for civilian nuclear program

http://www.reuters.com/article/2012/02/09/canada-china-uranium-idUSL2E8D94O520120209

BEIJING, Feb 9 (Reuters) - Canada has reached a deal with China that will make it easier for Cameco Corp and other Canadian uranium producers to sell nuclear fuel into the fastest-growing market for atomic power.

The trade deal, announced on Thursday during Prime Minister Stephen Harper's visit to China, allows Cameco - the largest publicly listed producer - to sell uranium from its Canadian projects into China. Details of the agreement were not provided.

"This agreement will help Canadian uranium companies to substantially increase exports to China, the world's fastest growing market for these products," Harper's office said in a statement.

China currently operates some 13 nuclear reactors, with a total nuclear power output of about 11 gigawatts. The Asian country, which has 27 reactors under construction, plans to boost output to 80 gigawatts by 2020.

By contrast, the United States has 104 nuclear reactors.

Construction of reactors in China is expected to outweigh the decommissioning of plants in Japan, where reactors were taken offline in the wake of the Fukushima disaster last March, and in Germany, where the Japanese disaster led to a policy shift away from nuclear power.

In 2010, Cameco signed two deals with China to provide the country more than 50 million pounds of uranium over 15 years. Cameco has major uranium projects in Canada, the United States, Kazakhstan and Australia.

"We couldn't deliver Canadian uranium here until this agreement was signed so it opened the door for us to do that," said Chief Executive Tim Gitzel, who is part of a trade delegation visiting China this week with the Canadian prime minister.

Canada and China are working to finalize the text of the agreement and expect it to be completed within the next few months, according to the release.

Saskatoon, Saskatchewan-based Cameco, which will report its fourth-quarter earnings after market close on Thursday, plans to boost its uranium production to 40 million pounds a year by 2018.

More sector comparables:

http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,GEM.V,DNN,UEC,URPTF,MGAFF,SXRZF,CXZ,RRI.V|B|H14,3

Scoreboard for the week: +24.00%

For the week: +4.17%

3 - 4 - 5 hundred million share dilution???....


That's the question. Al says Pele could be in production in 4years.lol. What will the share structure be by then???

At the current salary (Al Shefsky's alone) that would be $2000,000 for "one Salary" No mining, no office expense, no other salaries paid for...Nothing!

Then take Ree grade into consideration ULTRA LOW GRADE! This would explain no "major mining companies interest" & no Uranium/Rare Earth analysts covering the project & no interest from the mining finance capital of the "World" Toronto's Bay Street. Who seem, from all Al Shefsky's claims, "Never Understand His Projects"

Bay Street Didn't understand:
-His Gold Project
-His Diamond Project
-His Uranium Project
-His(newly focused)Rare Earth Project.

Odd the Mining Capital Of World Never Understands Al Shefsky.
Or maybe they DO!

SJ

By the way if you are doing DD and trying to find this $60K bonus in 2009. You won't find it in the 2009 annual report. It is in the 2010 annual report. Why you ask. Good question.

Possible answers:
1) so you can't find it?
2) shareholders in 2010 reading the annual report forgot how bad it was in 2009?
3) back dating bonus?
4) caught by auditor?

Another good question to ask is why in Jan 2010, Al sold and bought the same amount of share? Sold old shares and buy new shares offered at the time with warrants. Is this kind of move open to all shareholders? Abuse of privilege?

Tibutch, don't support a non-supportable cause. You are wasting your time unless you get pay for what you are doing.

This company is not worth the piece of paper it is written on.

You tell me for a company which has lost money each and every single year. What was the 2009 CEO bonus for. You got to ask that question. The only deal was $75K Ardeen sale and the CEO got $60K of that for bonus. What is the just of that? Or should the shareholder be thankful for the $15K they got? Afterall, it is his piggy bank.

Wow that was quick I guess there must be some truth to that trying to hide the truth.

Regards,
Marc Boucher

I hear you loud and clear Beaver...

This is the kind of activity the TSX was supposed to clean up after the down-fall of the VSE & ASE. Not much has changed.

Its up to the investor to look at where they are putting their money. As long as GEM files the required filings not much the OSC or TSX can do.

The recent insider selling is the most I've ever seen in such a short period of time. If that doesn't ring alarm bells..not sure what will!?

SJ.

Don't forget the Pigeon River hare brain idea for Platnium.

Ardeen gold mine was a real winner, sold for $75K. That year, CEO got a $60K cash bonus. Poor soul, he is so underpay. I hope this year's contract renewal for the CEO, the compensation committee will give Al a blank cheque so he can just fill it out himself.

Why bother to do real mining work? Just go to the market to raise fund and suckers will pay up. Dilution? No worry, management gets 10% of the float, so they will give themselves more options and warrants. They will sell them when the pump phase comes with a press release on hope. Mine gold in Highland at $1,600 per ounce is for children who want to play in the dirt. Pele been there done that 12 years ago. Why generate any cash flow when they can sit in the office, make a few land claims and issue a few press releases. This is the modern day virtual mining (investor) company.

Al Shefsky's pay check last year..for what?


Al Shefsky's compensation.. too funny! This is all you can see.....



Alan Shefsky

Chief Executive Officer, President and Director, Pele Mountain Resources Inc.

Total Calculated Compensation
C$408,886
As of Fiscal Year 2010
ANNUAL COMPENSATION*
Salary

C$241,000
Total Annual Compensation
C$241,000
STOCK OPTIONS*
All Other Compensation
C$5,586
Total Value of Options
C$18,750
Total Number of Options
3,700,000
TOTAL COMPENSATION*
Total Annual Cash Compensation
C$306,586
Total Short Term Compensation
C$241,000
Other Long Term Compensation
C$5,586
Total Calculated Compensation
C$408,886

SJ.

DIAMOND MINE??? Where Is It???


1)Al Shefsky, president of Pele Mountain Resources Inc., is enthused by diamond recovery in the Wawa area and is confident exploration efforts will lead to mine development.

(GEE THE ABOVE SOUNDS JUST LIKE THE "URANIUM MINE" NOW TURNED "REE" MINE AL's Confidence = IMO Means Nothing!


2)Shefsky is giddy when talking about the potential of the Festival Property and its untold millions of ounces of commercial and gem-quality diamonds hidden beneath the 2.7-billion-year-old rocks, the oldest known diamond deposits in the world.

( AL SHEFSKY "GIDDY" IMO BECAUSE HOW MUCH STOCK HE CAN SELL INTO THIS STORY )

Here in this five-star moose pasture where hunters and prospectors have tramped the rocky ridges of the Canadian Shield for decades is one of the hottest new places for diamond exploration in Canada.
( KEY WORDS ABOVE 5-STAR MOOSE PASTURE )

Yes folks Al has played this song a few times over the years! Much more money in a diamond mine! "Al Shefsky is confident exploration will lead to mine development".lol.

SOUND FAMILIER! ; )
SJ.

I know....

You can almost draw a map.lol. Same-thing year after year...

Its great for shorting! When you can watch what the insiders are doing and follow their foot-steps.....too bad I don't get a bonus: ) I bought and sold just like Al & Sheldon.lol. Thats all they do at GEM.

SJ.

Good old Al is up to the routine again.

Press release (setup)...raise hope (prey on your greed)...money raise (the play)...issue options to management (himself and the other EVP)...collect bonus because he is able to raise cash in the market (payoff).

Don't buy this stock.

Ever watch Sting?

INSIDER BUYING....

That's when I'll buy. When Sheldon & Al start buying again. That's how it went to 60cents thats the only way its going back up.

I'm good on my short-position, I started at 35cents : ) Nobody with the power to squeeze it! Lets see some insider buying...& I'll cover & move to the buy side. Then sell & short when their paper starts coming back out..till then I'm over a double : )

Not many saying that in GEM...except for Al & Sheldon of course.lol.

It look's more & more like Eco Ridge will be a REE project & uranium as a by product.....there projected recovery rate is way up there & definitely will be a viable mine ho by the way whomever had shorts calling 0.10 well what can I say.

Major Processing Design Improvements Boost Recovery of
posted on Nov 23, 11 01:27PM (Log in to use the IP Check tool) [?]
Critical Rare Earths at Pele Mountain's Eco Ridge Mine Project
.

TORONTO, ONTARIO--(Marketwire - Nov. 23, 2011) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides ("REO"), including neodymium, dysprosium and yttrium oxides, (Pele's "Big 3 REO") at its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project") in Elliot Lake, Ontario.

The design improvements present opportunities to improve upon the robust Preliminary Economic Assessment ("PEA") for Eco Ridge prepared by Roscoe Postle Associates ("RPA") and will result in a significantly greater emphasis on REO production than was envisioned previously. The Company is rapidly advancing work to realize these opportunities and together with its technical team has reached the following decisions:

• The processing flow chart will be modified to optimize REO recovery and will include acid baking rather than the heap leach and bioleach methods proposed in the PEA. Acid-baking is a well-established process for extracting REO from monazite, the primary REO-bearing mineral at Eco Ridge, and is expected to improve mineral recoveries by up to 10-fold for Light REO such as neodymium oxide and by up to more than double for Heavy REO such as dysprosium and yttrium oxides.

• The modified processing flow chart will also include crushing, grinding, and ore concentration using magnetic separation and floatation prior to acid-baking. (Please visit the following link to see a preliminary processing flow diagram: http://www.pelemountain.com/pdfs/PrelimBlockFlowDiagram.pdf) Bench-scale testing has demonstrated that more than 90-percent of total REO can be concentrated into just 20-percent of the initial ore mass.

• The mining width at Eco Ridge may increase modestly beyond the average 2.7 metres used in the PEA, by including material from the Hanging Wall, in addition to the Main Conglomerate Bed ("MCB"). The additional mineralization recently discovered in the Hanging Wall is expected to add considerable resources and will allow for scalability in production rates in the future.

• An updated PEA, incorporating these modifications, is expected during Q1 2012.

Given the success in optimizing the processing flow chart and the excellent recoveries established in the bench-scale tests to-date, Pele is preparing to conduct larger scale bench testing and pilot plant operations during the first half of 2012.

Pele Executive Vice-President Roger Payne P. Eng. stated, "Given the developments in the REO market over the past year, particularly for critical REO that are forecast to be in deficit for the next several years, it is logical that Eco Ridge transform from a uranium-focused to an REO-focused project. While the leaching and bioleaching processing methods used in the PEA have been considered appropriate for uranium recovery, they achieve relatively poor recovery of rare earths in monazite. By employing well-established ore concentration and acid baking methods, we can produce much greater quantities of REO than presented in the PEA, while increasing uranium production as well. We are excited about the new direction these decisions provide for Eco Ridge."

Metallurgical testing at SGS Canada and the Saskatchewan Research Council ("SRC") using acid baking, has demonstrated greatly improved REO recoveries over those projected in the PEA. Preliminary bench-scale test results show that the acid baking-leaching process is effective for treating Eco Ridge samples with recoveries ranging from over 80-percent to over 90-percent recovery of total REO. This compares to recoveries used in the PEA, which relied on heap leach and bioleach methods, and averaged 7-percent for Light REO, 34-percent for Heavy REO, and 70-percent for uranium oxide ("U3O8").

SRC is also working to optimize the physical concentration of Eco Ridge ore to reduce the total mass requiring treatment in the acid baking process. Bench-scale crushing and grinding tests have resulted in 75-percent of the crushed ore reporting to the coarse fraction (particle size 45-300 microns) and the other 25-percent reporting to the fine fraction (particle size <45 microns). The coarse fraction is readily concentrated with magnetic separation, a simple and low-cost technique, with preliminary results demonstrating 97-percent REO recovery from just 18-percent of its initial mass. The fine fraction is also readily concentrated, through floatation, with preliminary results demonstrating 77-percent REO recovery from just 24-percent of its initial mass. Combined, these results indicate that the two methods can achieve at least 90-percent REO recovery from just 20-percent of the initial mass. The ability to physically concentrate the ore will reduce acid baking costs substantially.

Pele recently announced the discovery that REO mineralization outside the MCB extends much farther than previously realized, with one resampled drill hole revealing more than 140 metres of continuous mineralization. Assay results from expanded sampling returned an average of 766 grams per tonne (g/t) (1 g/t = 1ppm) total REO over a true thickness of 21.6 metres from the base of the MCB into the Hanging Wall. Pele has commenced the second phase of its core resampling program which is designed to increase the sampling range from the base of the MCB into the hanging wall to at least 25 metres for 165 previously drilled holes at Eco Ridge, and will be used to support an updated mineral resource calculation for the Project.

Pele and RPA have decided to optimize the mining width at Eco Ridge by focusing on the higher grade MCB (which averages 2.7 metres thick), combined with a relatively modest contribution from the Hanging Wall, in the early years of the mine life. It was determined that this approach will maintain a higher mining grade allowing faster payback of capital costs while leaving existing permitting and mining plans largely intact. The additional mineralization in the Hanging Wall above the MCB is expected to add considerable resources and will allow for scalability of future production rates. Pele's recently announced PEA for Eco Ridge, as well as all of the NI 43-101 mineral resources reported at Eco Ridge to-date, are from within the MCB alone.

Estimated recoveries for the "Big 3" REO (which account for about 60-percent of REO revenue in the PEA) and U3O8 are shown in the table below for both the PEA Base Case and a "Recovery Upside Scenario" (as presented in Table 1-3 of Pele's Eco Ridge PEA) based on a relatively conservative assumption of 80-percent recovery using an acid baking process. These estimated recoveries are based on resources in the MCB only and do not account for possible mineralization contributions from the Hanging Wall.

Eco Ridge PEA: Estimated Mineral Recovery

Base Case
Using Bio Leaching Recovery Upside Scenario
Using Acid Baking
Individual Oxide Average Grade Estimated Recovery Life of Mine Production Estimated
Recovery Life of Mine Production
Neodymium (Nd2O3) 196.6 ppm 8 % 581,000 kg 80 % 5,815,000 kg
Dysprosium (Dy2O3) 14.1 ppm 38 % 195,000 kg 80 % 416,000 kg
Yttrium (Y2O3) 64.4 ppm 40 % 940,000 kg 80 % 1,904,000 kg
Uranium (U3O8) 0.044 % 70 % 24,960,000 lbs 80 % 28,558,000 lbs

Scoping-level studies are underway to estimate operating and capital costs based on significantly higher recovery rates that will be possible if initial results of the acid baking and ore concentration are representative. These updated studies will be used to support a new economic model for the Project that will be announced in an updated PEA during the first quarter of 2012.

The updated PEA will provide a roadmap for the Company as it transitions Eco Ridge into the feasibility and licensing stages. Eco Ridge has inherent advantages that may enable its development ahead of other REO projects, including:

•It is one of the only North American REO deposits with a positive NI 43-101 PEA.


•Excellent progress has been achieved toward improved recoveries and increased mineral resources from those reported in the PEA base case, especially for REO.


•It features some of the most critical rare earth elements, including neodymium, dysprosium, and yttrium, and is diversified with uranium.


•The deposit outcrops at surface for more than four kilometres and dips at a shallow angle in a consistent, predictable manner over a vast area; geology, mineralogy, and metallurgy are well-understood from current and previous exploration.


•There is outstanding regional infrastructure in-place: roads, railway, power, natural gas, airport, and deep-water ports.


•There is enthusiastic local support for the project and a highly-qualified local work force.


•Elliot Lake is a proven mining camp with more than 300-million pounds of historic uranium oxide ("U3O8") production and is the only Canadian camp to have achieved commercial REO production.
Pele's Eco Ridge PEA demonstrates its potential to become a profitable producer of REO and U3O8. The PEA base case forecasts cumulative production of 10.7-million pounds of Total REO and 24.9-million pounds of U3O8 over a 15-year mine life with pre-tax cash flow of US$1.28-billion, a positive NPV of $644-million (at a 7.5% discount rate), and an IRR of 45-percent.1 For more details on the PEA, see Pele's press release dated September 7, 2011 (http://www.pelemountain.com/news/090711%20Pele%20Files%20PEA%20For%20Eco%20Ridge-2.pdf).

The technical information contained in this press release regarding the PEA has been reviewed and approved by Jason Cox, P.Eng., Director of Mine Engineering for RPA, an independent qualified person under NI 43-101.

About Pele

Pele Mountain Resources, a leader in Canadian rare earths development, is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is one of the only North American rare earths deposits with a positive NI 43-101 Preliminary Economic Assessment and is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial REO production. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for a safe, secure, and reliable long-term supply of REO and U3O8. Pele also holds interests in a portfolio of Northern Ontario gold properties at Highland and Ardeen. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".

1.The PEA is preliminary in nature. It includes inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Marketwire Canada (November 23, 2011 - 12:27 PM EST)

I know GEM....


Very well. I've followed this issue when it was PYT 16yrs ago. Shorting is as risky as buying...even more so!

If the project is so promising why did Sheldon(insider) buy at 30 & 40 cents and sell hundreds of thousands of shares at 18cents recently even after the so called big "REE" increase.

The low-grade ore has attracted no pro analyst from a reputable brokerage firm all reports are pay to say reports. No majors are even looking at Pele even after the big ultra low grade "REE" increase....unaudited financial reports mean nothing in the regulatory/ investing scheme of things....the recent history in the markets have proven that.

I'll stick to my bet this stock hits 10cents or lower!

SJ.

Thanks Future, sorry for not being up to date on the short form internet lingo.

Regards,
Marc

Last interim financials (unaudited):

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=59375

Insider trading...

Look at the reports they have been buying up to 60cents & selling all the way down, common stock, options, warrants, followed by the shorts that know this company & its promoters for the 16yrs its been public. There is no real retail demand on this stock.

otcQX or not, a market downturn sweeps everything with it and few exceptions... we shall see.

Not the bottom yet!: )

If you are on the bid(doubt it) you will be getting more shares guaranteed! : ) Next stop! 10cents....

TOU/TOS Terms of Use or Terms of Service:

I hope this helps to clarify... all the best...

http://investorshub.advfn.com/boards/terms.aspx

Nice bottom yes.....all part of the market down & up .....up & down.... down & up.

Sell me your shares.....

Future mind me asking what does TOU stand for TYIA Marc

A new 52 week closing low... ouch!!!

No need for reminders: Follow the TOU's