Scorpio Mining Corp. (TSX:SPM)

[miningguy2004]

oldguy- Sorry!! Your prose was too subtle for me to comprehend the symbols. As to the Lead in bicycles,I haven't a clue, but please enlighten me! Hvae a great weekend,and thanks for your patience!11

[oldguy]

To mining guy; in regards to post 9. DUH: What part of FT, BAJ and CZN didn't you understand. I thought you would ask about the Lead use in bicycles. Have a nice day. THE OLD GUY

[miningguy2004]

oldguy-You are a wealth of info! Thank you!!
I hesitate to invest so much is SPM without more DD. I will contact the Scorpio office next week to obtain the location of the mine (if nothing else, the coordinates), and will share with you!I'm not going to blindly trust an operation again after ALMI, when I could have easily flown to Salt Lake City,rented a car and driven the 70 miles south to the Dragon Mine,and observed that the mine was dormant. I made $50K net profit, but lost $236K in additional net profit by blindly trusting the word of management.
Would you mind sharing the symbols of the other mining stocks in which you have an interest! I respect your experience!!

[oldguy]

To mineing guy: Scorpio fits my profile of what I like to buy. A property with lots of undrilled anomalies. Enough proven reserves to start an operation.Good experienced team with the ability to raise the capital needed to put it into production. And it has to happen in 2 to 3 years. You will find these same characteristics in all of my major plays. Copper ,Cobalt play BAJ. There is much work beinging done on new battery technology involveing Cobalt. Bismuth,Cobalt and coal play FT. There is a worldwide shortage of Bismuth and demand exceeds supply.Silver, Lead and Zinc play Czn. Lead acid battery demand almost exceeds supply due to demand from China for bicycles. Also work is being done on fuel cells that use Zink. If you have the patience to sit awhile and like technolgy, look at one of my loosers ICOP. I just sat thru a two hour confrence call where they gave no guidence at all. The fund guys were going crazy. I really like this one.But its going to take some time, I hope not to long. I don't have much left. Feel free to ask me questions on anything. I have lots of time, thats because the ladies don't give me much attention. Next time I will tell you about the fast million I lost in natural gas stocks over the last two years. Yes I don't win them all. BEST OF LUCK THE OLD GUY

[miningguy2004]

oldguy-I knew that there was some good reason! Thank you!

[oldguy]

To mineing guy, I will tell you why IDSM is now in play. Its the reason you must pay attention to all your stocks. The fundamentals change. I now own mineing stocks in only four countries, and there are only three more that I would consider.In too many of them they are close to taking them away or they have raised the royalties to obscene levels. Back to IDSM The biggest supplier of graphite was China. It was so cheap you could not compete. But it was made from crude oil. Now the price of crude has gone up 500%, labor has doubled and freight has tripled. The fundamentals have changed. There fore IDSM is now in play. THE OLD GUY

[miningguy2004]

oldguy-Thank you! I'm always pizzing someone off with my questions!!

[oldguy]

OK Scorpio is an old ASARCO mine. Years ago Asarco owned about a dozen mines, they were than taken over by a Mexican company. At that time the Mexican goverment changed the laws. To operate a mine in Mexico you had to have a partner that was Mexican and he had to have 51 % of the stock. Ha Ha HA AS the price of metals were falling the 51 % people did not want to put money into a decling asset. They are very short term orientated. So many of the smaller mines were closed.Most mineing in Mexico went into disrepair or ended all together. They than changed the laws so you didn't need a 51 % Mexican partner. Things started to pick up again. Along came the China boom and the debasing of currencies all around the world. The precious metal boom was on its way and things took off. The reasons this stock is so low are many.First of all we have three basic types of plays. The moose pasture the proven up but not into production, and thoes in production. The money flows into then this way. The moose get all the gambling money. The producers get all the big money. The Scorpios get whats left over or the long term money thats in for the long time. All the mineing stocks would be much higher by now except for one big thing. ( because of this big thing you have a chance to get into many good plays that would be priced much much higher then they are right now ) The last time around we did not have the ETFS. They have taken billions out of the market for mineing stocks. Yes they have there place. But more money will still be made picking the right stocks. Four months ago, I told all who would listen to buy GG. It was at 24 or 25 and I said it would go to 38. That was 50 %. If you bought the gold ETFS, you made a nice profit. But no where near 50%. I'm tired now more later. THE OLD GUY

[oldguy]

Doublon is a jerk. He is missing the whole point of dialog. which is, YOU NEVER LEARN ANYTHING WHEN YOUR DOING THE TALKING. I want to hear everything about anything. It broadens my world and gives me new perspectives.

[oldguy]

To mining guy and all others. Its late and I be 92. My typeings bad and spelling is worse. I will tell you a lot tommorow. But as for what you look for in a minning stock its tonnage.Its so expensive to open a hole these days that its got to be big. You can find gold in every cubic foot of seawater, but you can't recover it and make a profit. 95 % of all the little mining stocks that you can find will never go into operation. Scorpio should be in operation in 6 months. I am looking for 5 dollars in 12 months and at least 10.00 in 24 months. When you look at any companies drill reports, the width or hight of the core sample is of most importance. Good numbers and one foot wide will never beat numbers that only 20 % as good but 20 feet wide. THE OLD GUY

[NYBob]

To 'DougQuaid' welcome to 'Scorpio Mining Corp. ' -

Doug thanks I feel very well what
about yourself? -

I don't know that much about Scorpion but -
the oldguy knows more -

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24330751
God Bless

[Doug Hauser]

Gosh Bob how you been. I have traded Scorpio last year or so. Been doing well recently what is your take