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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
That`s AWESOME ofspring GO MMTE!!!
Chart looks awful !
drop under 3/4 would be a disaster, imo.
not saying it will happen.
L2 + macd tell me it wants to go up.
LOL..One tick better than fine IMO.
Think we have a good shot with hearing something this week, IMO Monday kick off....Again IMOO
ofspring this is some killer stuff, took both my sons to watch this. Amazing how can anyone say thats not the car of the "NEAR" future.
A few are projecting MMTE coming alive this week, I feel we still have two to three weeks to go before we may see some action here. I hope I am wrong and it is sooner. Holding on tight. GLTAL
no, you didn't; we just try to be clear to each other. LOL
How true this is, hoping this week. JMO
Sorry if I sounded abrupt.
Things are about to get really interesting around here.
Go MMTE!!!!
just asking to be sure. nothing else was intended.
Yes sorry, five kids sort of distract you when their fighting and your tring to do something...LOL
You got the point sale price... And retire shares thanks for bringing that up...mmte
Share structure is made up of A/S and O/S. It is the O/S that is the most important as the A/S can be reduced at any time and probably will by retiring shares.
No,price is what you pay, value is what you get. the two are separate. If you get a share of MMTE for .0005 that doesn't mean that the share only has a value of .0005. Looks to me like you got the sale price and not the value or do you always equate price with value?
here you say it; if someone would be able to put a value on MMTE we would have a different story.
We are SERIOUS about our DD and it is accurate and first class.
ok, but check current pps sometime when your doing dd.
and share structure as well.
other than that i agree 100% with your analysis.
gltaimo
Cool fronk I have always been a pontiac fiero fan all my life they even have kits to make any car you want to to make it electric on youtube theres tons of examples of electric cars..mmte is a great place to be at the right time... I might just change my 88fierogt to electric if gas keeps going up... Keep up the good work fronk... And all the others... Mmte
Exactly Fronk, to partner with Simbalik or even Codelco would essentially vault MMTE ahead of its Junior mining peers.
Simbalik Group obtains the permit for Lithium exploitation and commercialization in Chile Augost 8th, 2011 Simbalik Group has formally obtained the permit provided by the Chilean Nuclear Energy Commission (CCHEN) for the production and commercialization of lithium salts for 50,000 tons of metallic lithium equivalent (266,400 tons of lithium carbonate) for a period of 15 years. This is the third existent permit in Chile, the other belonging to SCL and SQM, obtained in 1980 and 1986 respectively. In Chile, in accordance to the modification of the mining law in 1979, Lithium came to become a material of strategic significance, and thus non concessionable for commercial use. Simbalik Group was able to obtain this permit, even within the current legal conditions within Chile.
Here's Simbalik's concessions. I also like Codelco for the same reasons as Simbalik. Codelco was asked by the Chilean govt to consider lithium production.
Mining ministry calls on Codelco to evaluate participation in lithium industry Published: Friday, March 23, 2012 17:10 (GMT -0400)
Chile's mining ministry has again called on state copper producer Codelco to evaluate its potential participation in the country's lithium industry.
"We hope that Codelco could have a significant role in lithium mining in the country," deputy mining minister Pablo Wagner said at a conference on the subject, organized by Codelco's copper workers federation (FTC).
Codelco owns lithium concessions in the Pedernales salt lake in northern region II, which were granted before the mineral was declared strategic by law and its mining was restricted.
The government granted concessions over five salt flats in northern Chile in 1932, but the mineral was declared strategic and further concessions forbidden by a constitutional reform in 1979.
"The Chilean state, through Codelco, can take part in the lithium market. It can do it today. It does not even need to participate in the tender processes for the special contracts that the government is working on," Wagner said.
Codelco executives only need to cross the street to the national nuclear commission CCHEN and ask for the authorization to start mining lithium from Pedernales, according to the deputy minister.
"We have asked Codelco to at least evaluate the market. I understand the company has other priorities, but it's perfectly capable of doing it by itself or in association with a private company," Wagner said.
In February, the ministry announced plans to award special contracts for lithium development.
The 20-year special lithium concession contracts will allow companies to mine up to 100,000t of lithium. During the contract period, it is estimated that the state could collect US$350mn for each project approved.
However, Codelco has been lukewarm on the subject. "We have lithium reserves... We're going to evaluate the possibility, but it's not part of our strategy," CEO Diego Hernández said recently.
Currently, the only companies authorized to mine lithium in the country are local non-metallic firm SQM (NYSE, BCS: SQM) and the local subsidiary of Germany's Chemetall Lithium, Sociedad Chilena del Litio (SCL).
Both were granted concessions before lithium was declared strategic.
However, a new competitor is about to enter the market. Taiwan-based Simbalik Group was recently granted authorization by CCHEN to start mining lithium from a concession at the Salar de Maricunga salt lake in northern Chile that dates from 1932.
Several companies - such as Lima-based Li3 Energy (OTC.BB: LIEG), Australia's Talison Lithium and US-based Pan American Lithium (TSX-V: PL, OTCQB: PALTF) - are currently exploring for lithium in Chile.
http://maps.google.com/maps/ms?msid=216422150148116910310.0004b20ef9715a1cf0000&msa=0&ll=-23.785345,-67.873535&spn=8.478641,19.313965
I agree but myself I had dought of electric cars about power quickness what it compares with gas cars just an example of what is to come in the future of lithium... If wl is truely building a future for mmte it will come no worries.. Just wait it out I donot like the price either we are way undervalued.. Average down and wait... imo mmte
ofspring tired of hearing what a stock is worth its a piece of paper that worth what you can sell it for today, if you can sell it for $.0005 then that is what it is worth that is fact, not conjecture or hope to be basic finance 101.
Hybrid and Pure Electric Cars 2012-2022
NEW YORK, Jan. 18, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Hybrid And Pure Electric Cars 2012-2022
http://www.reportlinker.com/p0191583/Hybrid-And-Pure-Electric-Cars-2012-2022.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Clean_Vehicle
Electric vehicles just became exciting. For 111 years, electric cars that rely only on a battery - "pure EVs" - have had a range of only 30-50 miles and the humble golf car has been the only type selling in hundreds of thousands every year. However, huge changes were announced in 2009/10. Electric vehicles are penetrating the market rapidly to constitute 35% of the cars made in 2025 - probably 25% hybrids, 10% pure EV but pure EV may be winning by then. Any motor manufacturer without a compelling line up of electric vehicles is signing its death warrant.
These changes include: Launch of cars that have a range of 250 miles or more in pure electric mode, including a pure EV family car made in China and plug in hybrid gasoline-electric and diesel-electric cars.
Launch of the Toyota Prius plug in hybrid that is very attractive to over one million purchasers of the existing Prius mild hybrid and millions of others. 95% of Prius owners would buy another.
First full production of the beautiful Tesla pure EV luxury sports car and other sports cars which silently outperform conventional equivalents.
Large initial orders show that this can be a multibillion dollar sector of the EV car business, particularly if we include new luxury hybrids such as the gorgeous Fiskar Karma and what may result from Ferrari, Porsche and others racing to catch up.
Lithium electric car batteries from companies such as LGChem are claimed to last at least ten years, not the more usual three years. This hugely improves the economics of all EVs with range acceptable to mainstream purchasers.
President Obama's Stimulus Bill granted $14.4 billion for hybrids and huge sums have been allotted by other governments across the world to develop and subsidise use of EV cars to save the planet and the car industry and provide independence from dwindling oil reserves.
Electric Vehicles on the Grid
Residential, Public, Private, and Workplace Charging Stations,
EV Charging Business Models, and Vehicle to Grid Technology
Electric vehicles will begin shipping in volume starting in 2010. These vehicles will require the rollout of a new infrastructure for charging access at home, at work, and around town. By 2015, access to vehicle charging will be available at more than one million charge points in the United States alone. Vehicles will be primarily charged at home as early adopters will prefer the convenience. China, which has mandated the production of electric vehicles, will be the world leader in charging stations, selling nearly half of the global total of 1.5 million units in 2015. Bidirectional smart vehicle-to-grid charging will remain a niche application for the foreseeable future due to technical difficulties and utilities’ conservative deployment strategies.
Utilities in the U.S. will slowly see revenue from vehicle charging increase from $3 million in 2010 to more than $200 million in 2015. The added demand will have little overall impact on grid reliability, but could diminish performance in neighborhoods with the highest EV concentrations. Utilities will prepare for the additional load to the grid by tracking vehicle sales and creating new customer billing programs. Charging equipment sales will initially be driven by government funding of public stations. Fees for commercial charging will be low due to the availability of free and low-cost charging at residences and public locations. Retailers will install public access stations primarily as a marketing tool and not to generate direct revenue from charging fees.
This Pike Research report examines the many open questions surrounding business models and technology issues for electric vehicle charging infrastructure. It analyzes and forecasts the market for residential, public, private, and workplace charging stations through 2015 as well as examining operational and technological impacts of plug-in hybrid and battery electric vehicles on the grid infrastructure. Analysis includes an in-depth assessment of market drivers and barriers, along with profiles of charging infrastructure vendors, utilities, automakers, and smart
Correct ofspring, nice pickp. Feel this week is going to be the start of MMTE heading up, AIMO of MMTE due course...LOL
Theres alot of money being distributed for reasearch in lithium and Electric car, grids, pumps and so forth.
Policies for Supporting New Energy Vehicles Around the World
CHINA
In January, 2009, with the “Notice of Promoting the Development of the Energy Saving and Demonstration of New Energy Vehicles,” as well as the “Regulations of the Management of Subsidies for Energy Conservation and Demonstration of Alternative Energy Vehicles,” the Ministry of Finance and Ministry of Science and Technology carried out the “Ten Cities, One-Thousand Vehicles Plan” in 13 cities (including Beijing and Shanghai), in order to popularize energy retrenchment and demonstrate new energy vehicles. The maximum subsidy for the cities using alternative-energy buses will be RMB¥ 500,000, and electric cars will be RMB¥ 60,000. In March 2010, Premier Wen promised the promotion of alternative-energy vehicles, and commitment to political support for strategic industries.
U.S.A.
President Obama’s $825 Billion Stimulus Package provides a premium and loan of USD$ 2 billion for research on power batteries; USD$ 200 million for research on electric vehicles; USD$ 400 million for purchasing alternative energy vehicles for government institutions; USD$ 1 billion for upgrading the national electric grid to support recharging stations for 1 million PHEVs; and USD$ 2,500-7,500 preferential tax for consumers of PHEV up until 2016.
JAPAN
From April 1st, 2009, the Japanese Government carried out the “Green Tax System,” which is applied to electric, hybrid electric, clean diesel, and other approved eco-vehicles defined as “Next-Generation Vehicles.” Various tax-free, preferential benefits are available.
KOREA
Before 2011, USD$ 2.3 billion was spent on research and development of alternative-energy technology. Currently, the Korean Government is planning to spend an additional USD$ 15 billion to assist the purchase of small cars and hybrid electric vehicles.
E.U.
In January 2009, the European Union passed the motion to include vehicle emission and other environmental impact indicators into the requirements of public procurements. Soon after in March 2009, the European Commission provided EUR€ 3.8 billion, followed by a EUR€ 6.8 billion loan to support the development of alternative energy vehicles in the European car industry.
BRITAIN
In 2007, the Holding Tax of Vehicles was modified to levy different taxes based on the amount of CO2 emissions, which range from 0 to 30%. Following this, in April 2009, the British Government issued a 5-year, CO2 Emissions Deduction Plan, where consumers purchasing PHEVs or EVs can get a premium of GBP£ 2,000-5,000.
FRANCE
The French Government carried out incentives for consumers to receive a discount for alternative energy vehicles, stipulating that car owners could receive a subsidy of EUR€ 200-1,000 when replacing an old car by buying a low emissions and eco-friendly vehicle. In turn, purchasing a high-emissions automobile requires a sales tax of up to EUR€ 2,600. Additionally, more charging stations will be built for the public, located in supermarkets and residential districts.
GERMANY
According to the Petroleum Tax Legislation, preferential taxes will be applied to alternative-energy vehicles every year, which will amount to EUR€ 3 billion per year. The German Government provided a subsidy of EUR€ 500 million for HEV research in 2008. In 2009, a EUR€ 50 billion economic stimulus plan was passed, most of which was spent on research and development of electric vehicles, charging stations, and renewable energy.
fronk great info this goes to show you that mmte is not the only stock thats trading less than whats its worth.. mmte
After a relatively quiet period in the lithium space - analysts are starting to pay attention again with the likes of Rodinia quickly achieving a quick Net Present Value (NPV) of over $900 million (NPV estimate of $964-million). Yet the company is trading at only $30 million market cap!
These guys I had my eye on all along, they have approval for mining in Chile from way back, and they are not involved in the taxes associated in Chile mining currently. Check them out, this would be wonderful for a JV/Merge "Simbalik". AIMO
Hit the traslation tag to english, top right.
http://www.simbalik.com/default.aspx
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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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