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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
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.
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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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