M45 Mining Resources, Inc. (fka QTTM)

[Mr. Zen]

jonesie... I do not see any warrants out, they get a cash payout instead of warrants,,, however I will have a conversation with IR on monday, that will be a good question to ask

the difference between the outstanding (17 million) and the authorized (25 million) is not that great, I would suspect they will have to issue some shares for exploration work, however it is my hope that the share price is closer to $2 before they pay for services with shares

[jonesieatl]

I was curious about warrants as well ...

... and perhaps I missed any discussion on that subject.

If there were warrants, there is some value assigned to those.

Although I doubt it would be as great as 2.50 - .65.

Anyone know?

jonesie

[Mr. Zen]

here is a copy of the agreement

http://www.investorshub.com/boards/read_msg.asp?message_id=17448850


They have received the restricted shares and they will receive the money after drilling is complete, so I doubt if they even know what the share price is right now, they are looking to the payout in about 2 years... a 2 year piggy bank, only us little retail investors agonize over the daily pps.

[Jagman]

If investors paid $2.50 a share, one would think they would be busy scooping up shares at these prices...or are they also holding warrants too????? Just trying to get an idea on how those guys "think"....

[Mr. Zen]

Mike, your going to drive yourself nuts looking at the market makers daily on this one, this is a mining exploration play, it's more exciting to watch grass grow..lol...

The next thing I am waiting for is the board member announcements and an exploration schedule, that will put the share price more into perspective,,, if they come out with historical drill results (which cannot be used in the NI43-101 report)then all the better.

According to documents filed investors paid $5 million at a share price of $2.50 to move this project forward, anyone with that kind of money has the brains to know this thing is worth more than that...

we DO need some fertilizer on this lawn, but in it's own time, would much rather see it quiet than it being hyped.

looks like the seller is back, this should be about his last day.

[Mike2112]

MICA and MDAS on ask uh-oh...guess there is gonna be a chance for some real cheapies

[Mike2112]

HDSN joining NITE on the .75 bid early...hmmmmmmmmmm

[AVXN 1]

OT:Thanks for the INSGY info, should bear fruit soon I think. I will add to that position also, while the PS is still so low. I think .18 should be about right.

[AVXN 1]

Thanks, I was able to take a nice position on Monday, and will add to it as I can. This is a good looking Company, one of the few pinks I will be long on. I plan on adding when I can, as this looks like a 2-6 month play, and I think this will be a MOMO. (jmho), and glad to be reading your posts, thanks for sharing.

[nlightn]

excellent find Doubloon,...yea,...there we go,...$ome good ole black and white.

$ome written proof and documentation that there$ more to thi$ than mo$t of the market ha$ yet to realize.

[Loudude117]

Small letters, big letters it all

looks the same to me-$$$$$$

[Mike2112]

I like it better in bigger letters and numbers where it says the shares are values at $2.75....LOL

[Mr. Zen]

agreement and acquisition ..repeat large size

[Mike2112]

What's taking so long..lol..it takes 3 seconds to enter an order....lol

[Mr. Zen]

lets not get too excited, there are still some people trying to get into this thing, and they helped find it,,, so nothing is going to happen for a week.. hard to contain oneself though!

[Mike2112]

I am excited since the PPS is currently .75 and the shares in the deal were based on a value of $2.75.....Think someone knows something? Plus I would assume just because they were valued at that doesn't mean that they won't be worth much more imo....

[Mr. Zen]

this is what the excitement is all about, it can be found at www.otcbb.com, ticker QTTM, click filings, click 8-k dated 02/05/07 , click sub doc page 2

[Jagman]

I'm hoping to add and average down...I unloaded some long term holds before today expecting the market to correct.....good timing for once...

I guess today is correction day. Don't know how long the markets are going to be down or if we have started the Big Bear run... I need to average down on QTTM, but hard to figure a low on this one right now with those sellers active....although they are not too busy today!!!!

[Mike2112]

Yeah I don't think there has been much opportunity to flip this one......You may see some folks jump off in the $1.50 - $2 range for their doubles but that will be a temporary blip....

[Mr. Zen]

Jagman...everyone I have talked to realizes the long term potential, and no one (that I know of) is playing the swing on this one right now. Thats not to say some may sell half at a double.
Anyone that may be associated with a certain overzealous buying group has assured me that this is a long term hold for them. And any insect orientated associations have not infested this company and it does not meet their present criteria.

[Mike2112]

.75x.80..looks like they were setting up to grab some sells and no one is selling.....nice

[Jagman]

Pssssss...Doubloon.....


I know you're OK, but I'm not sure about these other guys.....

[Mr. Zen]

here is a little verifiable history from the latest 10-q

On January 17, 2007, management announced that it has made a $4,500,000 investment in the Matagami Mining Camp, located in the Province of Quebec, Canada. This investment involves the acquisition of 292 Mining Claims in the world-class mining district. The realization of this significant investment by QTTM is the result of five months of intense negotiations with the property owners. It serves as the cornerstone of its goal to become an important player in the mineral exploration and development industry.


On January 22nd, 2007, Quantitative Methods Corporation announced that as part of its $ 4.5 million aggregated value investment, it has acquired 292 mining claims in the Matagami Mining Camp; located in the Province of Quebec, Canada. The territory claims are located adjacent to the Perseverance Zinc mine owned by Xstrada PLC, world’s fifth-largest diversified mining company by market capitalization. QTTM has, in effect, completed the acquisition of 292 mining claims covering an area of 35 square miles in the Matagami Mining Camp. The transaction is made between “Quantitative Methods Corp.” and “Exploration Minière Grenville Inc”, and is for an aggregated value of $4,500,000 million (US) in return of valued considerations: including cash and shares. This transaction is conditional to the approval of regulating and governing authorities. The mining claims are located approximately 10 km. west of Matagami, in the “Daniel Cavalier Townships”, (NTS Map Sheet 32F12). Matagami Mining Camp is a world class mining district, composed of 18 known volcanogenic massive sulphide (VMS) deposits. The area is host to historical production of 8.6 billion pounds of Zinc and 853 million pounds of Copper and has established infrastructure including; a railway, paved road and 2,350 t/day mill owned by “Falconbridge”.


Considering the unique business opportunity to acquire 292 Mining Territory Claims in Matagami Mining Camp, who revealed promising exploitation potential; the Board of Directors has approved on January 25th, the new business orientation and voted unanimously in favor of the reorganization plan. The plan involves a series of changes including; moving the Corporate headquarters to 1212 Redpath Crescent Montreal (Quebec) Canada H3G 2K1, it also implicates the constitution of a line executive team, to fulfill the requirements of the new business direction, and investment and capitalization program to adequately fund the realization of the project.


The board of directors also approved on January 25, 2007, the Corporation’s name change to “M45 Mining Resources Inc.” who will become effective once approved by Regulating and Governing Authorities. The name has been reserved with State of Nevada.


On February 5, 2007, the Company filed a disclosure form 8K “Entry into a Material Definitive Agreement.”


The Company’s management has reoriented his business vocation, to increase shareholders’ value subsequent to previous unsuccessful business developments of our subsidiary Roadvision’s technology, and after evaluating level of advancement from direct and indirect competition compared to the current respective position of the Corporation.


11
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Management will evaluate and analyze all potential avenues in regards to the Company’s direct implication in Roadvision, and will inform its shareholders of its decision within the next quarter. Meanwhile all activities and developments have been temporarily suspended until final decision is rendered.


Employees
As of December 31, 2006, the Company had no full time or part-time employees. The President and Secretary-Treasurer have agreed to allocate a portion of their time without compensation to the activities of the Company.

QTTM’s current management have indicated a willingness, for the time being, to continue rendering services to the Company, to advance sufficient funds to meet our operational needs, and not to demand payment of sums owed. The Company therefore believes that it can continue as a going concern in the near future.

[Mike2112]

NITE willing to sell for .80 now

[Mr. Zen]

Jagman, your joking right? This story is so far off the radar that it does not even have it's new name yet, or it's new ticker symbol .. now when some neighbouring mining company comes up with an offer, well maybe then I might consider it on a buy out frenzy

[Jagman]

I hope you guys aren't the evil sellers pumpin' and dumpin' here!!! LOLOLOLOLOLOL!!!!!!!

[Mr. Zen]

I would hope that within 2 weeks the company will outline it's game plan.. that is just a guess on my part but from what I can gather there is a momentum built up within the company, and they seem to be very hard workers..

this is what I want to see happen

[Mike2112]

Thinking we will be hearing about those plans shortly...

[Mr. Zen]

and where do you think it will go when the serious money finds it,, and can verify the preliminary exploration work??
Makes me kinda light headed.. lol

next step- management game plan and direction, then warm up the helicopter, we going flyin'.

[Mike2112]

That ask is paper thin....probably ~100K shares gets us to $2...lol

[Mr. Zen]

Nickel inventory falling due to demand outstripping supply

LME NICKEL STOCKS FELL 228 TONNES TO 3,282 TONNES
27 February 2007 09:00

[Mike2112]

I think we all know that it wouldn't take too much volume on the ask to get to $2...that is just the start imo......

Check IFLI move that is what I have in mind here..imo

[Klonopin2mg2000]

shhhhhhhhhhhhhhh

[Mr. Zen]

closed with a 1,000 share buy at the ask (painting the tape??)
NITE is on the bid and the ask with a large position but the ask is still thin as a vacumn up to $2.00 after .85

[Mike2112]

I agree once this starts to take shape it is going to be a real quick and interesting ride..imo

[Mr. Zen]

I would give it till the end of the week, News hits and we have all buyers and no sellers it is going to make an interesting chart.

[sailing22]

Given the different Phases of Develoment; this stock IMO will not move significantly until after they begin exploration. Its my understanding M45 is buying property but they don't know what's on the land yet.

Isn't this at least an 8 month hold?

Why pour money into this stock at this stage before we know if there are any minerals present; and HOW long will it take to mine this stuff once they do say they have found any mineral deposits....and what about the cost to get it out the ground? Won't M45 have to sell stock to raise cash for equipment and personel?

Given all I listed above, I see this stock falling significantly before climbing higher.

FROM M45 WEBSITE:

M45 Team has named the development program in 4 phases:


"THE NEW BUSINESS WINDS"

PHASE 1

M45 Has completed the first acquisition of 292 Mining Claims in the Matagami Mining Camp located in Province of Quebec, Canada for a total value of $ 4.5 Million US.

M45 Management believes that there are likely one or more deposits situated within the limits of the Claims due to the fact that the property is located near past producers and existing deposits. Management expects to commence an exploration program in early spring of 2007 to establish the limits of the claims and determine the location of potential deposits. In addition, past "Noranda" work reports pertaining to inferred and actual reserves in the claims' immediate and surrounding area will be reviewed by Management.

M45 Has signed a second Letter of Intent for the acquisition of 140 supplementary Mining Claims Territory adjacent to the
previously acquired 292.



--------------------------------------------------------------------------------
PHASE 2

M45 Has reserved an option for the acquisition of an additional 342 Mining Claims; exercisable within the next 30 days.



--------------------------------------------------------------------------------
PHASE 3


M45 Management is currently negotiating the acquisition of an extra 200 Mining Claims, and anticipates closing within 90 days.


--------------------------------------------------------------------------------
PHASE 4


M45 Has Targeted the Acquisition of 1000 Mining Claims to be completed within the next 9 Months.

Our comprehensive business development program has been planed in order to build our asset base value in the first phase, and to initiate the drilling program in the short term, more specifically following our neighbor's property "Falconbridge" where the mine "Renaissance" is located on a main vein going West exactly on our territory. These first drillings will allow us to verify our geologist's vision and to evaluate the financial value of this first phase.

[Mike2112]

.80x.85 now maybe that last big trade was the bag being shaken out???

[Mr. Zen]

Mike lets hope the seller is out of shares this week, we could be getting close to development time and would like to see friendlies coming in without competition

[Mike2112]

NITE has been more brazen and transparent on the ask today imo...Thinking the seller doesn't have many left..I would anticipate the company beginning to speak once the seller is clear.....This is one of those stock with the right news that could go to $5 or $10 in a blink of an eye with that float...imo kind of like IFLI....

[Mike2112]

Nice and orderly accumulation....

[Mr. Zen]

Nickel hit its high on Wednesday, reaching $40,250, and then matched it again yesterday

[nlightn]

THE KEY TO THE COMMODITY BOOM
by Chris Mayer
Contributor, The Daily Reckoning
February 23, 2007

The Daily Reckoning PRESENTS:
Since most commodities rose significantly in price over the last several years, the recent slide begs the questions: What does it all mean? Is the commodity boom over? Chris Mayer answers those questions - and more - below...

The market has knocked the stuffing out of many commodities of late. Crude oil is down 35% from its record high of $78.40 in July to a 19-month low as I write. The CRB Index of 19 commodities is off about 20% since May. The only commodities holding up seem to be in the agricultural markets (e.g., corn).

The key piece to understanding the commodity jigsaw puzzle lies in that ever-baffling and wondrous place, China, which never seems to stray far from our view. What happens there has a huge impact on commodities worldwide.

China is already the world’s largest consumer of copper, nickel and zinc. It is among the largest consumers of many other commodities, as well. But what’s really amazing is not so much the sheer quantity of commodities devoured... what is really staggering is the growth rate of such consumption — especially in the context of what the rest of the world is doing.

For example, from 2002-05, according to the International Monetary Fund, China alone accounted for 48% of the increased demand for aluminum. Take a look at the short table below, which shows the percentages for some other commodities, as well:

*Aluminum, 48%
*Copper, 51%
*Lead, 110%
*Nickel, 87%
*Steel, 54%
*Tin, 86%
*Zinc, 113%
*Oil, 30%

Think about that. Worldwide, when you look at the increased consumption of, say, steel, 54% of that increase came from China alone. In Wall Street fancy talk, they call that percentage the “commodity delta” — try dropping that in conversation at the next neighborhood barbecue. For lead and zinc, China’s increased consumption actually offset declines in the rest of the world. No single country has been as important to the commodity bull market as has the Middle Kingdom.

I traveled to China in late 2005, spending time seeing the sights around dusty Beijing in the north, exploring the crowded streets of Shanghai and marveling at the busy panorama in Hangzhou and Hong Kong. I also stopped off at a small village between Shanghai and Hangzhou — called Wuzhen — where I ate chicken feet and pigeon soup and saw another side of China away from the big cities. All along the way, I met with Chinese professionals and business people who helped me gain a better understanding of what was happening on the ground in China.

The whole experience made a big impact on me. Ever since, I can’t seem to stop talking about China. With good reason, I think. The emergence of China’s economy on the world stage may be the biggest investment story of our time. In 1990, China was the world’s 10th largest economy. Today, it is the fourth largest. That’s mind-boggling growth.

The implications of that cover just about everything I’ve written about over the past 12 months — from strained water resources and bustling agricultural markets to aging infrastructure and needed energy investment. These are long-term trends that will take years to play out.

It would be a mistake to say increased demand from China alone assures a rise in commodity prices. There are always many variables, but China is unmistakably a big one. If China went away, it would be like a fat guy getting out of a hot tub. The water level would plunge. Let me put it this way: It’s hard to imagine a continued bull market in commodities without China.

It would also be a mistake to assume that China’s growth rate stays at its hot pace of recent years. “Only stand high a long enough time,” the poet Robinson Jeffers wrote, “your lightning will come; that is what blunts the peaks of the redwoods.” There is plenty of potential for lightning — social unrest within China, political tiffs with the U.S. and other policy mishaps. (I found it interesting that 27 separate pieces of anti-China trade legislation have made their way to Congress since 2005.)

However, even a slower-growing China will still have a lot of sway in the market for commodities. China is still in the early innings of industrialization. It’s in the midst of a massive shift of population to the cities, the biggest the world has ever seen. Chinese officials expect more than 300 million Chinese farmers will migrate from rural areas to live in urban areas in the coming two decades.

As a result, China has big plans for investment in infrastructure — such as water and wastewater systems, power grids and much more. China will need a lot of steel, copper, energy, etc., to build all that stuff. For example, as Stephen Roach at Morgan Stanley notes, “There is an especially tight link between homebuilding and copper.” In the U.S., the average home contains 400 pounds of copper. We don’t have comparable numbers for China, but it seems reasonable to assume China’s numbers should be similar. It’s possible, given that Chinese efficiency lags behind the U.S.’s, that China could require much more.

Nonetheless, we should expect commodity prices to fluctuate, sometimes sharply. Even in the last great commodities boom, from 1966-82, there were plenty of setbacks. And these commodities won’t all move together as each responds to the unique tugs and pulls of its market. We’re seeing some of this already with corn rallying hard amid a nasty decline in oil.


© 2007 Chris Mayer
The Daily Reckoning Archives

[Pennyland]

thx! for all your great DD... it is very much appreciated... :)

[Klonopin2mg2000]

glad to see you came here as well, you won't be dissapointed here. i've done a great deal of work here and will open up a little more once i get my shares. still searching answers....but i know enough to make a wise investment.

Glad to have you here!

chuck

[Pennyland]

grabbed some last week at .80 and .90 looking for a few more... i like these quite ones too... lol

[Klonopin2mg2000]

good, still nice and quite here, i'll be adding here in march with new money coming....hope it will wait for me until the 5th of march.

this one's going to be a very good stock, new ownership are getting this lined up and i've put in a great deal of time on this one. i'm certain!

[Jagman]

jonesieatl....you better not follow me too close!!! If I say I'm buying....you wait...you'll get em cheaper!!! LOL!!!!

[Klonopin2mg2000]

funny thing. those were mine on the ask no bidwhacking....the last six trades at the ask. and i even placed above the ask and tried to take out that $1. i'm also the one who bought this morning to $1

the idiot selling could have gotten a whole lot more.lol

[Mr. Zen]

most of the activity was in the last hour, alot of .80 and .85 bid wacks.. this will flop in the breeze until the story is told..

remember those that are holding positions, you are very early to this party, and the feasability studies should be complete about the same time the world is in dire need of nickel. and nickel is something we cannot do without.

I am guessing here that the lights will turn on in about 2 weeks and the first guests to the party will start arriving