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BIG BOYS GETTING INVOLVED
U.S. Defense Department undervaluing importance of rare earths for national
security: report
Cecilia Jamasmie | April 16, 2012
The U.S. Defense Department needs to realize the dangerous consequences a potential lack of domestic rare earths may have on the U.S. weapon industry, suggests a latest study by the Congress released last week.
The document, titled Rare Earth Elements in National Defense: Background, Oversight Issues, and Options for Congress, adds the country’s manufacturing supply chain is even more vulnerable to disruptions caused by from a lack of domestic sources of rare earth metals.
Valerie Bailey Grasso, defense acquisition specialist and author of the report, calls authorities to answer four important questions on rare earth
elements:
1.Are rare earth elements essential to U.S. national security?
2.How would the scarcity of rare earths affect the delivery or performance of defense weapon systems?
3.Is the United States vulnerable to supply disruptions, and if so, are there readily available and equally effective substitutes?
4.What are the short-term and long-terms options that the Department of Defense may consider in response to a lack of domestic rare earth element production and China’s continued dominance?
Last year the U.S. Congress required the Pentagon to examine the use of rare earth materials in defense applications to determine if non-U.S. supplies might be disrupted and identify ways to ensure adequate supplies by 2015. In response, the Pentagon released a seven-page report titled “Rare Earth Materials in Defense Applications,” which concluded that although rare earth materials are “widely used within the defense industrial base…such end uses represent a small fraction of U.S. consumption.”
While China produced about 98% of the world’s yttrium in 2011, U.S. natural reserves of that material are about half as large, said that study.
Brett Lambert, the Pentagon official responsible for industrial policy, said early last week that Defense Department would intervene in case of a shortage of rare earth materials for defense electronics and motors.
Even at the height of export restrictions placed by China in 2010, Lambert told Bloomberg that there was no evidence U.S. defense contractors faced such shortages.
China dominates the world’s rare earths production, accounting for more than 95% of global supply – a situation that has often generated protests from foreign manufacturers who rely on Chinese rare earths.
Last month, the U.S., Japan and the European Union filed an official complaint at the World Trade Organization, urging the body to take actions against China’s restrictions on these metals.
In 2011, Beijing imposed an export quota of 30,184 metric tonnes, marginally reduced from 30,258 metric tonnes in 2010. For 2012, based on analyst calculations, the country’s full-year quota may hit approximately 31,130 metric tonnes.
China underlined that it feels that export restrictions are necessary in order to maintain domestic demand and protect the environment. The WTO responded by stating that it considers the argument illegitimate and that China has been “unable to demonstrate” the benefits of its policies on the environment. At present the ruling does not include rare earth metals, however analysts are hoping to see China alter some of its rare earth policies as a result of the ruling moving forward.
Last year, in the midst of China’s crackdown on illegal rare earths mines, prices for rare earths went up by as much as ten times their value from 2011, before beginning to gradually come down again.
I seen it on my etrade chart, the ask is 6 now
didn't follow the action in the close.
did VERT fill these large bid orders and then moved on to 6?
anybody? thx.
where do you see that?
GO MMTE...LOL Intersting IMO thats a nice chunk IF you ask me...
Looks to me that peeps loaded up on a sale nice... thats what you do at the grocery store load up on sale price because it will go up... Mmte
so far it looks like the mammoth DD is failing on all fronts with MMTE, great job...
"Quick DD" = jumbo shrimp. It's right in there with "I had a day off .. so I did in depth DD..." MMTE is not a one man with a free day, so I did some extensive DD, stock. Due Diligence is a team affort in oder to combine multiple talents.
also you better believe if there was a deal with any of those companies involved with news this week , buyers would be flocking in right now on the rumors. the volume today tells me otherwise. MMTE stink a stinky pinky until something with substance is announced.
buy the rumor sell the news. investing 101. with each PR there was virtually no run up. only sell offs after. do some DD on that and tell em what you come up with!
What YOU have is speculation. That's why price IS where it IS. IF it was all fact, then share price WOULD be higher. thats a fact!.
anyhow, looks like this week is shaping up to be YET AGAIN , another disappointing week, despite what many have claimed.
Look again okoil, its out there...LOL You didnt look real hard. I have it but I think Ill let you look for yourself...LOL
A representative from Raymond James Co. was just on CNBC and he stated he believes that oil will drop from the present area of $103. per barrel to around $80. per barrel and stay in that area in 2013 because of both the slow down in current usage and of more oil coming on line from the drilling in the US. Come on MR. L, we have to get MMTE moving before 2013. Still holding L & S.
IMO people are waiting to see what path Mmte will follow. We need a catalyst ... Results from the audit. Then a PR will move us to a more desirable pps
guess today is not the start of the mmte run
Yes, we should understand what fact and conjecture means and use the words accordingly so as not to misrepresent.
conjecture: 1. Inference or judgment based on inconclusive or incomplete evidence; guesswork.
2. A statement, opinion, or conclusion based on guesswork
fact: 1.something that actually exists; reality; truth
2.something known to exist or to have happened
3.a truth known by actual experience or observation
Facts are something that actually exists, so the fact is the present pps of MMTE is .0005
Conjecture is judgement based on inconclusive evidence, so one can say that they believe MMTE pps will increase because of the value of concessions in Chile.
I agree, there is no DD that ties MMTE to any of it. NONE> all speculation is 100% true. The only DD on MMTE are the PR's they put out. the part about their neighbors? speculation, the part about mergers> all speculation. DD is supposed to be facts, not dreams , hopes and wants. Ive seen no links of pure facts posted ever.. just the same old hurry up and wait . not the same in my book. the only facts i see? .0004/5 that tells the MMTE story.
PS so much for monday kicking off this so called great week ahead.
im confident this will sit and flounder until the RS. IMO. investors deserve better than what WL delivers. thats a fact. what else is fact? MMTE is a stinky pinky with nonsense surrounding it.
LOL
yeh blue sky or red sky, take your pick. where is all the action that was supposed to come today. wasn't the buzz , come Monday things will start to come together? LOL MMTE such a joke.
I just did some more quick DD on MMTE !! Plus I have a " FEELING " about MMTE for sometime this week, or maybe next week. It could even be next month which could be very likely ! My most recent DD and " FEELING " is that MMTE will most likely STILL BE SITTING AT OR CLOSE TO . O O O 5 PPS ! WOW !! AMAZING MMTE !!! :) Enjoy my DD all ! Again, all MY OWN OPINION ! But I have a GOOD track record of MMTE PPS to follow with this info !
MORE DD I just found, all the posts about "OTHER" companies and JV/MERGERS/BUYOUTS OF MMTE, NO WHERE DO I SEE MMTE MENTIONED " BY " THOSE OTHER COMPANIES ! THAT IS PROOF OF THAT ALL THAT OLD DD IS SPECULATION AND INNUENDOES !
Will be back later with MORE DD !!! :)
Perhaps it would be better if more people understood what they invested in before investing and then accept responsibility for the choices they make. further those focusing on share structure don't seem too concerned about big board stocks because they have the revenue and value to handle that share structure.
What makes you think that the 7 billion shares hasn't created value much more than the current sp would indicate? "Price is what you pay and value is what you get" are probably the very few words I accept from Warren Buffet. People today are buying MMTE now at a discount based upon the concessions under their control and that is the way pinksheet stocks work. they use shares to increase value.
Are you telling us that the concessions don't have value? If so, prove it. Stop looking at the sales price for if that is the case you would never buy anything on sale because I know you believe you are getting a greater value when you spend your money on a sale item.
thanks for defining share structure! i knew you knew what it was!!!!!
perhaps its more appropriate to put numbers to the letters, though.
MMTE o/s= 6,869,554,120 (from dec 2011-easily over 7 billion now i would guess)
as far as retiring a/s shares...WHO CARES?
7 billion o/s=damage done.
if people realized just how much 7 billion actually is they wouldnt be going long in this pos.
but thanks for the definition of s/s!
gltaimo
Well, all I can say TO ALL MMTE INVESTORS is.......... DON"T HOLD YOUR BREATH WAITING FOR ALL THIS POSITIVE SPECULATION TO COME TRUE ! MMTE'ers have been WAITING since 2010, AND WAITED THROUGH 2011 AND NOW OVER 1/4 THROUGH 2012 ! LOL
This DD that is being posted is NOTHING MORE than more CONJECTURE , INNUENDOES, and PURE UNFOUNDED SPECULATION. MMTE has NOT shown ANY ACTUAL PROOF of VALUE for ANYTHING EXCEPT THIS........... . O O O 5 PPS, that is the ONLY VALUE of MMTE ! and that is an ACTUAL FACT !
Thank You Searay,
Any positive indications help.
I wish the best for all MMTE shareholders.
MikeSo, I agree with you. This all takes a lot of time and if one is very patient, I feel those that wait will see a profit. When and if MMTE breaks through, those that are negative on MMTE will not be able to hold it back. Until then lets all also concentrate on other things around us all that we can help make better.
didgi, don't stare at the price all day. It'll drive you nuts. Go enjoy the beautiful spring weather. I'm confident it'll happen eventually. Gotta be patient. It'll happen when it happens.
No clue who's responsible, but it screams manipulation to me.
dead rght same game every bloody day ,ive always been postive but now its becoming a joke get intouch with me when its up in 0.003 then well talk postive till then im sick of this bullshit play ...but im still not selling as i feel oneday maybe in 50 years time well see it rise till then its 0.0003 ,0.0004 0.0005 -0.009 couldnt even get over 0.001 last time it did drop kicks kept selling its not 2007 its 2012 hard yard days for new investor we need action we need to start working this land for what we invested in but yet we see what land with white on it we need gold for our hard yard investment well think what you want i bet by end of week well be still 0.0005 unless great pumping news hits
90,000 sell at .0004? That's a whopping $36 sale. Get real.
Wow, what has happened here with this low PPS?
so much for noone selling its headed south bloody mmte is a joke itll never see sun shine i hate being negative but god its been like this for years just look at the chart and everyone keeps saying well see sunshine .... god if we got land bloody start working the thing no good having this land if you do nothing with it ,management pick up the game or should we sack you
zspike, sorry, didn't know you were out there. If anyone dserves to make some money here, it sounds like you do. Hold on a few more weeks and I think we'll all make some. GLTU IMO Junebug
This chart looks amazing!!!!! possible blue sky breakout here!!!! go mmte go imo
Now it this week was last week last month, last Q next week next month next year. The heck with mmte
nobody wants to sell 5's; only VERT has a couple of millions left.
Buuuuug. Hope youre doin well. MMTE. Adding more this week too
Jack, as in we are racing to see who can grab the most 5s?!
GO MMTE
nedski, after speaking with WL last week, I came away with the feeling that we would get the next news on or before the end of the second week of May and by the upbeat way WL spoke, that news should be very good. He did not state any material facts directly, but in the way he answered my questions I have come to my own conclusions here. Time will tell.
For once, agreed.
Mind bogelling,
what is it more than a feeling or thought?
Sweet thats the first i have seen this its very possible iam hanging tight right here at mmte....
We have long ago covered SS. PPS ? best buy it while you can. I bought a pile at .0003 and I'm up 66%. When the JV news breaks it will bring out the concrete value. There are many things available to the adventurist. As far as Pink Sheets go this is amoung the best of all stocks.
Have a wonderful evening everyone trying to buzz up mmte on this delightful Sunday. Tomorrow will be the same ol same ol. Nothing new here accept the date. Mmte
This was posted before by one of our famous DD peeps here for MMTE. I really think this needs to be reviewed more. Li3 basically is saying that they are looking to merge with MMTE. I dont know where this will lead since its a month or two old. But it looks good for both companies that are mentioning each other here. Maybe someone can call or e-mail the writer.
Up From the Brine
A substance essential to clean energy development
prepares to emerge from a remote Chilean landscape.
The Maricunga salar in northern Chile is home to lithium exploration projects from Li3 Energy, Inc., and Mammoth Energy.
Photo courtesy of Li3
by ADAM BRUNS
adam.bruns@conway.com
Peruvian firm Li3 Energy, Inc., in May closed on its acquisition of 60-percent ownership in a group of six private companies that own the Maricunga Project in northern Chile, believed to be one of the top 10 lithium projects in the world.
"Li3 believes that once commercialized, the strength and merit of this acquisition could establish Li3 as a global leader in the lithium and minerals sector," said the company. Lithium is a primary material in demand by the legion of lithium-ion battery manufacturing operations now popping up the world over. And as documented in a May 2010 Site Selection article, South America is the world's lithium capital.
According to the U.S. Geological Survey, demand for lithium destined for battery usage is predicted to grow by 20 percent per year. The worldwide market for rechargeable lithium batteries is estimated to be worth over $4 billion/year. The automotive market alone is projected to reach $337 million in 2012, and $1.6 billion in 2015.
The Maricunga property is located approximately 100 miles (160 km) northeast of Copiapo in northern Chile, 143 miles (230 km.) from the international airport of Caldera, and 155 miles (250 km.) from the mining port of Chañaral. Li3's 3,665-acre (1,483-hectare) Maricunga project is in a formation known as a salar, or salt lake. Its low levels of sulphate in the brine reduce the need for extra reagents for sulphate removal, making future extraction more economically viable. This salar also features significant potential for the extraction of potassium, iodine and boron.
Also helping Li3 and others descent on the Maricunga is important road and power infrastructure already in place. "Infrastructure at the site includes the national highway bordering on the north and east sides of the salar and a power line running parallel to the highway," says a technical report prepared earlier this year by Toronto-based Hains Technology Associates.
Meanwhile, Li3 continues to pursue a strategic relationship with Korean conglomerate POSCO.
"With the acquisition and initial exploration funding complete, and the recently announced Memorandum of Understanding with POSCO to explore a strategic relationship, Li3 will now enter the feasibility phase on Maricunga and begin the initial $3.8 million work development program on the project," said Li3 in May. "Li3 will continue to explore synergistic opportunities to further augment and strengthen this property and its land portfolio throughout the region."
The MOU with POSCO originally set to expire on June 30, 2011, was extended until August 31, 2011. POSCO, one of the largest steel manufacturers in the world with $56 billion in annual revenues, invests in numerous global resource development projects and, according to Li3, has been actively evaluating and pursuing leading lithium projects globally.
In an update in July, Luis Saenz, CEO of Li3 Energy, said, "After concluding a week in Korea with POSCO's senior management team, advisors and legal counsel, I am extremely pleased that both companies have expressed a desire to continue working towards a mutually beneficial transaction. Our objective is to align the companies in a manner that provides Li3 with capital while minimizing dilution and still providing POSCO with a range of possible involvements including both financial and technological exchanges."
(On Aug. 25, 2011, the day after this story was published, Li3 reached a securities purchase agreement with POSCO Canada that will mean up to $18 million invested in Maricunga exploration and development.)
Among other interests, Li3 has purchased a Chilean company that held an option to acquire a 100-percent interest in the Alfredo Iodine and Nitrate Project in northern Chile. The option is currently under renegotiation. Li3 Energy plans to produce an iodine product and ship the potash from Maricunga in order to upgrade the Alfredo nitrate into a potassium nitrate fertilizer. The company also holds a 100-percent interest in the Loriscocha, Suches, and Vizcachas lithium salars in southern Peru, which are currently in the grassroots exploration stage.
"Upon closing of our planned acquisitions, these properties will provide the platform for Li3 on the primary production side to execute our business plan of rapidly developing a vertically integrated industrial chemicals production, manufacturing and sales company," says Saenz on the company's website.
Mammoth Enterprise
Also active in the Maricunga is Mammoth Energy Group, which in late April announced that it intends to increase its investment and intends to acquire a total of 8,645 acres (3,500 hectares) in the salar.
In July, Mammoth said its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has signed a Letter of Intent to acquire five concessions for a total of 2,471 acres (1,000 hectares) of lithium concessions located at Laguna Lagunilla situated in the Pica commune. All told, the company's lithium concessions come to some 16,000 acres (6,475 hectares) across Chile.
As for the Maricunga, Mammoth cites government analysis years ago that pegged it as having 224,300 metric tones of lithium; and 600,000 metric tons of lithium carbonate utilizing a 50-percent recovery factor, or 30,000 metric tons per year for 20 years.
The Mammoth website provides the literal lay of the land:
"Lithium is the thirty-third most frequently occurring mineral so it's not exactly scarce, but concentrations are generally too low, and extraction too difficult and costly to be viable," it explains. "The major trend in the lithium industry has been a transition from hard rock mining-based sources of lithium to brine-based ones. The cost-effectiveness of brine operations forced even large producers in China and Russia to develop their own brine sources or buy raw materials from brine producers.
"The economics of obtaining lithium carbonate from brine are so favorable that most hard rock production has been priced out of the market. Lithium brines are currently the only lithium source that can support mining without significant other credits from tantalum, niobium, tin etc., (low manganese content within Nevada's Clayton Valley brines significantly reduces recovery costs, unlike Chile's high manganese content brine deposits). Lithium brine resources are now the preferred method of lithium recovery."
And that preferred method, it says, could lead to a preferred economy for those ready for a profound transformation:
"Like the hydrocarbon era that preceded it, the dawning lithium-hydrogen age carries its own set of risks and opportunities, as well as its own set of winners and losers," says Mammoth. "Nations that anticipate and position themselves for the transition are likely to reap an array of social, economic and environmental benefits."
This map depicts the world’s lithium deposits as tracked by the U.S. Geological Survey
E-mail your comments or inquiries directly to
adam.bruns@conway.com
http://www.siteselection.com/theEnergyReport/2011/aug/mining.cfm
Medical product development and commercialization. The Company recently acquired five generic oncology drugs approved and manufactured in Germany and they plan to gain approval for these drugs in the US in 2023. The Company is preparing for a pivotal Phase 3 study of an anti-cancer antibody product that is highly similar to Genentech/Roche's brand name Avastin (bevacizumab), the Company has licensed a needle-free jet injector for drug delivery, and the Company is in the pre-clinical stages of development of a gene therapy product candidate based on the delivery of a human alpha-Klotho gene and protein to prevent and/or treat neurodegenerative diseases such as Alzheimer's and Lou Gehrig's disease (ALS). Other product candidates will stem from these platform technologies of pharmaceuticals, biologics, and gene therapy.
The Company's medical R&D facilities are in the U.S. (near the University of Nebraska Medical Center, Omaha, Nebraska) and in Barcelona, Spain (Autonomous Universitat de Barcelona). Each R&D facility is comprised of over 4,000 sq ft of R&D and office space, currently leased and equipped with research equipment, incubators, tissue culture facilities for production of plasmid DNA, HEPA-filtered hoods for aseptic handling, and testing equipment (PCR, spectrophotometers, microscopes, etc). The generic oncology drugs are manufactured in Germany. With future funding, the Company plans to acquire or build a GMP manufacturing facility to supply novel plasmid DNA ("transgenes") to be used in gene therapy programs, to provide contract manufacturing revenue, and for commercial product manufacturing.
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