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Month-of-Sundays Update II Edition -
http://www.321gold.com/editorials/wobker/wobker072511.html
sanbrunobaby welcome to Sunshine -
any more info is appreciated -
TIA
God Bless
The Sunshine Precious Metals Refinery is part of a larger
hydrometallurgical complex which was purchased in 2002
by Essential Metals Corporation®.
http://www.sunshinerefinery.com/s/About.asp
http://en.wikipedia.org/wiki/Sunshine_mine
Star Gazer thanks for info -
anything more is appreciated -
God Bless
This is from the SRLMQ Board...
SRLMQ Sterling Mining Company Common Stock 8/12/2011 100 Plan of Bankruptcy Effective. All shares have been cancelled. Deletion time: 13:51:30 **
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/12/2011&mkt_ctg=ALL
Sorry to be the bearer of bad news....
PC#G is mining, as we speak and should be hitting 750 cy/day within a week, ramping up to 1000cy/day in Sept, with gold at $1900/oz.
It not all bad....
SG
Any more info please, let us know -
TIA
Ray De Motte (ex CEO) and Mike Maclean (ex mine manager )had mine in production in late 2007. It was new management in 2008 (Jim Meek,Roger Van Voorhees)that ran company into the ground by 2009. Now Sunshine Silver can build on what Sterling did pre-2008,but that will require some rehabilitation and cleaning up any property-type issues.
Big potential profit with silver at $40. Under De Motte Sterling had a 1000% return in 5 years !
SRLMQ I agree is more ifi now?
OT.
CALVF producing Au 40000oz and target
much more incl, Cu and Co -
PCFG is a placer oper. and
they may be good if priv. but
its not my cake as a public comp.
I hope SRLMQ makes good but I am going nuts over PCFG lately. Take a look at it. Been holding 6 years now and we're approaching liftoff.
SUNSHINE SILVER MINES CORP
http://pro.edgar-online.com/ipo.aspx?ColLeft=3c2bcac1-dbf5-4776-9d3b-89001baee8d5&ColRight=76baaeb6-2549-44f5-8e1d-cd700701e704&cikid=851617&tabIndex=2&coname=SUNSHINE+SILVER+MINES+CORP&fnid=67599&ipo=1
I haven't found that the receivers in the bankruptcy
done much for the Sterlings shareholders?
So what do you think will happen to the shareholders?
Attractive Assets in Two of the World’s Premier Silver Regions
Sunshine Silver’s principal assets are located in two of the world’s premier silver regions.
The Sunshine Mine property is located in
the Coeur d’Alene Mining District in Idaho,
which district is estimated to have produced over one billion
ounces of silver over the Mine’s 107-year history,
and
the Los Gatos Project is located in the Mexican Silver Belt,
the world’s largest silver producing region in 2010.
In addition to being located in premier silver regions,
both assets possess characteristics that differentiate them
from other silver projects:
Sunshine Mine Property
•
A prolific past-producing mine, once one of the largest silver
producers in the United States,
which is estimated to have produced a total
of over 365 million ounces of silver
•
One of the highest-grade known remaining primary-silver
discoveries worldwide, estimated to contain 1,991,169 tons
of mineralized material at an average silver grade
of 21.2 ounces per ton
•
Consolidated land position of approximately 2,247 hectares
•
Significant existing infrastructure, including a primary shaft
that is operational and being upgraded and refurbished,
and a secondary shaft that is being refurbished and access
to roads, power and water
•
Strong community support coupled with an experienced
and skilled workforce
Los Gatos Project
•
Control over an emerging silver region;
land position of 81,607 hectares
•
The identified Cerro Los Gatos and Esther zones, high-grade
mineralization occurrences that currently extend more
than 2,500 meters along strike, remain open at depth
and to the southeast
•
Widespread mineralization beyond the Cerro Los Gatos and
Esther zones, with 14 other priority targets
Reduced Operating Risks at Sunshine Mine Given Historical Production
Sunshine Silver believes that the significant historical production
at the Sunshine Mine, combined with the recent and
planned mine improvements, reduces the risk of
the project relative to other silver development projects.
The Sunshine Mine covers 171 hectares of surface rights,
and the Company estimates that the Mine contains
more than 160 kilometers of underground workings.
The underground workings consist of multiple levels developed
off the main production shaft, extending from the surface
to a depth of over 1,825 meters.
Since acquiring the Sunshine Mine, the Company has
acquired additional surface rights and improved
the existing infrastructure, repaired surface facilities
and equipment and completed a number of environmental,
health and safety upgrades.
The Company has added experienced and highly-trained
professionals to lead such improvements.
Significant Exploration Potential for Additional Silver Resources
Sunshine Silver believes it has substantial opportunities
to define additional mineral resources through
continued exploration of its properties:
•
Sunshine Mine: Sunshine Silver has rights to approximately 2,247 hectares
of exploration ground at the Sunshine Mine property.
The property has numerous well-defined exploration targets,
many of which
Silver's at $40 / oz and these guys are just letting the mine sit idle?
Notice that the AGS quote/chart is pointing to something called Agau Resources and Aqau Res. has nothing to do with:
SUNSHINE SILVER MINES CORPORATION
Stephen Orr
Executive Chairman and Acting Chief Executive Officer
Sunshine Silver Mines Corporation
370 17th Street, Suite 3800
Denver, CO 80202
(303) 784-5350
after the IPO is cleared at NYSE the right symbol will
listed!
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
UBS Investment Bank Morgan Stanley RBC Capital Markets
Common stock listing
We intend to apply for listing of our common stock on the New York Stock Exchange under the symbol “AGS.”
A chart of the Company’s corporate structure is set forth below.
Principal Projects
The Sunshine Mine, acquired by the Company in the first half of 2010, is located within the Coeur d’Alene Mining District in Idaho. It is a past-producing mine, which is estimated to have produced a total of over 365 million ounces of silver from 1904 to 2008. In 1990, the last year the Sunshine Mine operated at full capacity, silver production from the Sunshine Mine was approximately 5.4 million ounces. The Sunshine Mine has significant existing on-site infrastructure, including a primary shaft, which is operational and being upgraded and refurbished, and a secondary shaft, which is being refurbished. The Company’s consolidated land position at the Sunshine Mine property consists of approximately 2,247 hectares. The property has an abundant water supply, is connected to the electricity grid and is accessible by paved roads.
The Los Gatos Project is located approximately 128 kilometers south of the state capital of Chihuahua City, in Northern Mexico and consists of two identified silver discoveries, the Cerro Los Gatos zone and the Esther zone, and 14 other priority targets with over 100 kilometers of outcropping quartz and calcite veins. The area is characterized by a predominant silver-lead-zinc mineralization.
SUNSHINE SILVER MINES CORPORATION
Stephen Orr
Executive Chairman and Acting Chief Executive Officer
Sunshine Silver Mines Corporation
370 17th Street, Suite 3800
Denver, CO 80202
(303) 784-5350
On May 11, 2010, the Company, through its wholly owned subsidiary SOP,
acquired the net assets of Sterling’s Idaho Sunshine mine
by purchase from Sterling’s bankruptcy proceedings.
Included in this purchase was Sterling’s mine lease with
Sunshine Precious Metals, Inc. (“SPMI”). In July 2010,
SOP exercised the option in the lease to buy
the Sunshine Mine and facilities from SPMI.
If everything goes well you will get 7 cents per share.
Or nothing if everything goes bad.
If depends on the Minco claim.
Share Price and Volume seem to be increasing slightly.....
Has anyone heard anything?
Still Wondering...
shareholder of a shell...
....so are we or are we not shareholders?
pps is holding.
Tommorrow is the day we find out what happens to the shareholders, if my memory serves me right.
I'm right there with you...
I just tend to beleave that SRLMQ will leave the shareholders intact.
For the 10th time, they sold all their assets, this is just a shell...
i didn't get my call so far.
Let's all hope that the new owners maintain the current share structure. If so, we will all be in good shape for the soon to start production. Heck, with silver at $50+ / oz the new owners can't afford to let the mine sit idle.
sg, i hope my contact will call today. he did say he would.
mick thanks that's good,
i was a receiver for many years in Europe,
but i am shamed to say it, for don't want
to be compared to the banksters clowns here.
the 666 cultz receivers here act as the minority
shareholders have no rights -
its very sad to see but the 666 evilz
only work for nwo banksters
bolsheviks gangsters,
have seen it in way too many corporate cases?
its a super red cults making US into
another ussr fema gulags for the PEOPLE!
mick, then this is a shell? as i see it?
- that's about how many see it also....
- who don't know what was sold in the auction?
- it would be big tax loses in Sterling -
- bolsheviks taxes - may be used as tax deductions?
- by someone who has a profit on the mine?
- was the loses included ?
- did the buyer bought a lease in default?
- who is the owner of Sunshine today -
- the receiver in Chapter 11 did they know the mining?
- don't trust deals behind iron curtains -
- deals which is not disclosed in the RIGHTS to the public? -
- no RIGHTS to shareholders etc.
- iron curtains deals belongs in 666-bolsheviks ussr -
- the 666 banksterz nwo evilz destroying US as the
- satanz destroyed Great RUSSIA?
WE ARE STILL IN USA ? -
- and the bolshevikz 0-admini. -
- may taken over 99.9% -
- still a fraction remain FREE!
this company had veins two to five feet wide.
anything with sunshine?
re;
all their assets have been sold...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62514773
Although he's fixated on gold these days, Kaplan hasn't abandoned silver. Through Silver Opportunity Partners, an affiliate of Kaplan's Electrum exploration group of companies, he bought key assets of Sterling Mining Co.—which include the Sunshine Mine, nestled in the heart of the "Silver Valley" of Idaho—out of bankruptcy earlier this year. Well known in mining circles, Kaplan and his team worked hard to keep a low profile leading up to the bankruptcy auction so as not to tip their hand and drive up the bidding. The Sunshine transition team was headed by Mark Wallace, president of Tigris.
--http://today.msnbc.msn.com/id/38883209/ns/today-today_news/
I am not exactly 100% sure what that would mean.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62129461
me again, i'll see if my contact can help us some on this.
re;
MWM' on 'Sterling Mining Co. (SRLMQ)
its a complicated case -
e.g.,
read more info below in detail -
I don't have all details but an
ex..
Sterling's biggest asset is a lease and purchase-option
for the Sunshine Mine,
which is owned by Sunshine Precious Metals Inc. SPMI,
owned by Robert Mori,
opposed including the lease in SOP's winning bid
on grounds that the lease was invalid and belonged to
SPMI.
and if the lease was terminated -
how can the buyer receive any rights to the ownership???
btw.
US isn't 100% ussr bolsheviks 0-administrations evils yet? -
some PEOPLE may still have some RIGHTS -
still over riding the nwo 666 khazar banksters evils ?
COEUR d'ALENE - A U.S. Bankruptcy Judge approved the sale of the historic Sunshine Mine near Kellogg on Thursday.
Posted: Friday, May 7, 2010 10:05 am
http://www.shoshonenewspress.com/news/article_e80d77f8-59fa-11df-8ad4-001cc4c03286.html
U.S. Bankruptcy Judge Terry Myers, of Boise, ruled that Sterling Mining, which is reorganizing under Chapter 11, be allowed to sell its stock and assets, with its primary asset being a lease of the Sunshine Mine, with an option to buy the silver mine.
*
Those will now go to Silver Opportunity Partners LLC, which bid $24 million for Sterling's stocks and assets late last month.
"We think it's an appropriate ruling," said Mark Wallace, SOP transition director. "We're excited about being the owners and good custodians of Sunshine Mine and in developing it in the right manner."
Wallace said SPO, owned by the New York-based Electrum Group of Companies, a worldwide investor in gold, silver and platinum mines, doesn't have a timetable should it get the mine operational again. Sterling Mining filed for Chapter 11 protection in March 2009, but ceased operations in September 2008 due to the economic downturn and financial challenges.
"We want to make sure we are perfect custodians and it's developed the right way," Wallace said. "And that means being patient, being deliberate, and frankly not over-promising."
Sterling's biggest asset is a lease and purchase-option for the Sunshine Mine, which is owned by Sunshine Precious Metals Inc. SPMI, owned by Robert Mori, opposed including the lease in SOP's winning bid on grounds that the lease was invalid and belonged to SPMI.
Myers said at the Federal Court Building in Coeur d'Alene that the lease should be included and the sale could go through, which includes a $5 million lease purchase agreement for the mine.
Wallace said they plan to exercise that option, and will be analyzing the mine from several perspectives - safety, economic and environmental - for potential exploration.
"We were all optimistic," said Joe Guardipee, the mine's foreman, outside the courtroom. "We all believed he would rule in Sterling's favor because it was the right thing to do."
The mine is under care and maintenance right now, employing 16 people. The mine employed more than 200 people before it closed initially in 2001, producing 360 million ounces of silver in 125 years of operation.
"It gives the valley the certainty it needs right now," said Sandy Patano, who works on the North Idaho transition team with Electrum Group Companies, after the ruling.
Money gained from the planned sale of Sterling Mining's assets and stock would be used to pay creditors, satisfying the company's debt.
Posted in News on Friday, May 7, 2010 10:05 am
Sterling Mining lease questioned
http://www.shoshonenewspress.com/news/article_e1b6d23e-5863-11df-bc71-001cc4c03286.html
Posted: Wednesday, May 5, 2010 9:31 am | Updated: 11:05 am, Thu May 6, 2010.
By DAVID COLE Hagadone News Network | 0 comments
COEUR d'ALENE - A top representative of the company that owns the historic Sunshine Mine near Kellogg testified in U.S. Bankruptcy Court here on Tuesday that Sterling Mining Co.'s lease was no longer in good standing.
"It was our opinion that the lease was terminated," said J. Edward Short, general manager of Sunshine Precious Metals.
*
Sterling Mining, which is reorganizing under Chapter 11, is seeking approval of a sale of its stock and assets, with its primary asset being a lease of the Sunshine Mine, with an option to buy the silver mine.
Sterling Mining said a successful bidder on its stock and assets late last month was Silver Opportunity Partners LLC, with a cash price of $24 million. Silver Opportunity is a member of Electrum Group of companies.
Short also said some personal property at the Sunshine Mine wasn't within the Sterling Mining lease. If that's true, it would make a complete purchase of the mine and equipment by a company seeking to exercise a purchase option within a lease impossible.
Short said his employer "never contemplated" trying to sell the mine to Silver Opportunity Partners, cutting Sterling Mining out of the sale.
He said Sunshine Precious Metals hasn't identified another tenant for the mine, and doesn't have a buyer "waiting in the wings."
Short, an attorney, was called to the stand in large part because he helped put together Sterling Mining's lease of the mine. Robert Mori is the owner of Sunshine Precious Metals.
Sterling Mining acquired the rights to the Sunshine Mine and related assets in mid-2003 and began initial production in late 2007.
Due to the economic downturn in late 2008, coupled with internal financial challenges, operations were suspended in September 2008. Sterling Mining filed for Chapter 11 protection in March 2009.
Money gained from the planned sale of Sterling Mining's assets and stock would be used to pay creditors.
U.S. Bankruptcy Judge Terry Myers, of Boise, has to approve the sale. Myers scheduled the hearing to continue today in Coeur d'Alene, with Short still on the stand.
Bob, appreciate message. so this company does have silver and gold mining assets? or a shell?
New mine owner has big plans....
??? did they buy an
expired lease?..in default?..
who is the real owner today?
Posted: Wednesday, January 12, 2011 8:35 am
By EMIL WHITIS
Staff writer | 0 comments
After buying out the Sterling Mining Co.
in a bankruptcy auction in April for a cool $24 million,
Silver Opportunity Partners LLC (SOP) has rolled up its sleeves
and is anxious to start drilling test holes in an effort to
awake the 125-year-old silver-spewing giant which is
the Sunshine Mine.
The most valuable among Sterling's assets was the lease to
the Sunshine, which was owned by Sunshine Precious Metals,
and a purchase-option which SOP immediately exercised.
* *
"There are no multiple parties or multiple leases," said
Operations Manager of the Sunshine Mine Robert Higdem.
"The Sunshine Mine is now whole."
Since its closing in 2001 the mine has been under care and
maintenance employing just 16 people: a fraction of the
hundreds of jobs provided during its heyday.
Higdem said SOP is ready to get the diamond drill turning.
"We have a very aggressive drilling program planned," said Higdem.
"The price of silver is great .... there's a lot of excitement
and energy in the group."
He said there are two major obstacles to overcome before
the company can make the jump towards becoming operational.
In January 2010 approximately 700 feet of the 3,000 foot
Silver Summit Shaft, used by Sterling as a secondary
escapeway, experienced a collapse near the bottom.
Higdem said it is a problem that will need to be remedied
before the mine can go into production.
"Because of the inherent issues with the collapse we can't just
send people down there," said Higdem.
"It's important to note that these things take time."
It is impossible to tell the extent of the damage and what measures will be demanded to shore up the shaft said Higdem. He said for that reason he could not provide a solid estimate as to how long repairs will take.
The other obstacle is locating prospective high density pockets of silver nearly a mile underground. It is a challenge that has been shouldered by SOP geologists since August when they began to pour over old records and reports collected from over a century of busting through rock at the location. Higdem said the data will be compiled in technologically advanced geo-mapping software programs which will anticipate the location of unexplored silver veins.
"We want to make sure we are not wasting any effort," said Higdem.
SOP is currently interviewing prospective diamond drillers and, according to Higdem, hopes to be probing the depths by early this year.
"We've received bids and been in communication with those contractors that we believe are a good fit with the operation," he said. "Now it's just a matter of whittling it down to the one or two we want."
Higdem said SOP expects the exploration period to last approximately one to two years.
"Once completed we can step back and say here's what we got and this is what we're seeing," he said.
SOP is a privately held company, owned by Thomas Kaplan, and based in New York as part of the Electrum Group of Companies which is an international investor in precious metal mines.
"(Kaplan) believes the Sunshine mine is not dead as many do," said Higdem. "He also believes in utilizing local labor and materials--what better group to choose from than the people who live here and know it?"
The company, while it intends to be "aggressive" during the exploratory period, will take a cautious, sustainable approach when (and if) it goes operational, he said.
"The belief we have is founded in the mine's long-term sustainable producing," said Higdem. "The best way to start that up is getting the diamond drill turning and get this thing moving toward production."
Over its 125-year existence the Sunshine Mine has produced more than 360 million ounces of silver.
More about Mine
Posted in News on Wednesday, January 12, 2011 8:35 am | Tags: Mine, Sunshine Mine, Silver Opportunity, Higdem
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Sterling Mining Co. (SRLMQ)
a complicated case? -
e.g.,
read more info below in detail -
I don't have all details but an
ex..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59605860
Ot. United Mining Group UMG:CA
has a good management and the rich Crescent Mine beside Sunshine -
UMG Company also offers a full suite of mining services including
contract mining and mine machine repair and fabrication services
to silver miners in the district....
ex.
UMG doing a $6 mil. mining work for the Galena mine and
may be called on by Sunshine to do more?
http://www.unitedmininggroup.com/
http://investorshub.advfn.com/boards/board.aspx?board_id=18823
UMG Mining (UMGZF)
http://investorshub.advfn.com/boards/board.aspx?board_id=19671
God Bless
I recieved a notice in the mail last week, I think that said that the 3rd version of the bankruptcy documents were going befor the court on May 3rd. I didn't read it that carefully and just trashed it. Anybody else get it? I just figgured I'd wait it out.
GLTA
SG
hi, i am sorting this out. I contacted Sterling months ago November/December sometime??? and was told in an email from the manager(no corporate officers under bankruptcy) that the Silver Opportunity Partners LLC owns Sterling from bid purchase and that Silver Opportunity Partners would be bringing the company out of Bankruptcy and settling the debt and shareholder issue(how much???) in the first part of 2011.
He new nothing more and said to contact Silver Opportunity Partners LLC for more information. I sent a letter to them but got no response. What is happening here I think is Silver Opportunity Partners LLC is waiting and trying to pick up as many of Sterlings shares cheap by those that bail out in frustration and when they have squeezed all they can then they will petition the court for finalization of and rebirth of the company with them holding most of the shares.
I think they know the court will not let them rip off the current shareholders out right and all has to be do above board as it has so far, meaning the bankruptcy court returned the mine back to Sterling and only then proceeded with the auction where Silver Opportunity Partners LLC paid I think 24 million for all of Sterlings assets which include the mine.
Silver Opportunity Partners LLC has the time to squeeze/pick up more shares cheap before finalizing it all. Silver prices are just beginning to go up and will be for many-many years and the Sunshine mine can be brought up on production quickly so you see I think this is a game of old fashion Chicken to see who blinks and sell their shares cheap.
I own the company and will just wait it out as it can not last much longer before they break the trend and bring the mine and Sterling back up on line. Sterling will shine again is my gut feeling and it is just a mater of when. This is why he shares have bee trading for months now at constant rate as these shares are slowly being accumulated cheap.
I rarely post responses only analysis of companies as I have to much business and not enough time right now. Be patient those that are invested will at least get their money back in the coming months if not make a lot in the coming years. I would not advise buying the company but if you own it sit tight and it will force this to and end. quicker.
i heard before bkrpt they were offered $100 mil.
there is one of my contacts whom said this.
No, all their assets have been sold...
Is there any chance that SRLMQ/SRLM/Sterling Mining can come out of bankruptcy and start working again? Silver and gold prices have gone sky high, so it should be profitable to do this mining again....
May 3rd....Another meeting with the bankrupcy court with the 3rd version of the paperwork.
What it is is what it is.....
The Wallace Street Journal
The Rarest Earth Elements
April 7, 2011
By David Bond, Editor
Silverminers.com
The Rarest Earth Elements
Wallace, Idaho - Mineweb's inestimable Dorothy Kosich reported Thursday that Colorado Republican Mike Coffman has reintroduced the Rare Earths Supply-Chain Technology and Resources Transformation Act of 2011 (RESTART Act) this week in the Congress.
According to friend Kosich: "Coffman's comprehensive legislation will put in place mechanisms to help U.S. manufacturers meet their needs for rare earth metals and ensures U.S. national security needs are met in the near term."
Continues Kosich:
"The legislation directs federal agencies to expedite their permitting processes in order to increase the exploration and development of domestic rare earth elements, without waiting environmental laws, and establishes a multi-agency task force to carry out this process.
"The bill would also build a Defense Logistics Agency (DLA) rare earth inventory-where the DLA would enter into long-term supply contracts and make the supplies available for purchase to federal government contracts-to generate a domestic market and facilitate the domestic sourcing of rare earth alloys and magnets.
"Federal-government backed loans would be made available to start production should lending from capital markets not be made available under the terms of the legislation.
"The measure would also require the various U.S. Cabinet Secretaries to appoint executive agents for rare earths."
It's about bloody time. But we're not sure the average congressional nit-wit grasps that we are utterly at the mercy of China, Russia and unfriendly countries in Africa for some two dozen rare earth and critical metals, or why he or she should care. Well, cell phones, flat-screen TVs, computers, jet engines, automobiles and a plethora of manufacturing process all run on these metals and they do not run without them.
Federal policy has been a study of enlightenment on the issue of critical metals. A decade ago the U.S. Environmental Protection Agency buried 20,000 tons of indium-rich flue dust collected by the Bunker Hill smelter in nearby Kellogg right next to a river and inside an aquifer. The stash was in hot demand: Teck Cominco in Canada wanted it; so did the Chinese government, and so did Sunshine Mining Co. and Wyoming-based Williams Metals Industries, which went so far as to purchase an Australian-developed process to separate pure indium and pure lead out of the stuff, with an arsenic-based wood preservative left over.
If you've got an LCD-screen watch or TV set, you're gazing at indium. There was enough indium in the Bunker Hill smelter dust to provide a year's supply of indium for the entire planet. But in its infinite wisdom, instead of selling it to willing buyers, the EPA mixed into this pile a heap of mercury and creosote and buried it in a substandard disposal area it would have sued a private company for constructing - again in an aquifer next to one of the headwaters of the Columbia River.
So here is where we find ourselves: Wholly dependent on foreign and frequently unfriendly sources of materials basic to our society. The irony is, rare-earths aren't particularly rare. It's just that they're scattered around in the earth's crust in relatively uneconomic, unconcentrated levels. They are plentiful here in the United Snakes of America. It's just that between the EPA and the Green Movement, you can't mine them or recover them. So we go overseas for them, just like we do for oil. We've got gazillions of tons and barrels of oil, but the same EPA and Green Movement won't let us develop the reserves in the U.S.
China has an abundance of rare earths because it has an abundance of smelters, which collect the same sort of flue dust that Bunker Hill collected. Asia accounted for just 2 percent of the smelting capacity on this planet two decades ago. It now smelts more than half the world's supply of precious and base metals, and the detritus recovered from its bag-houses fuels the rare-earth supply.
Meanwhile, the blast furnaces at Bunker Hill will never be re-lit; there is no Bunker Hill smelter anymore, and it used to account for about 25 percent of this nation's needs for lead and zinc, and 10 percent of its silver. HudBay is shuttering its smelting and refining operations in Flin Flon in Manitoba and White Pine, Michigan. Asarco permanently closed its El Paso smelter in 2009, which had sat idle for a decade before that. AS&R's Tacoma copper smelter is in ruins. Nobody ships to East Helena anymore. We're basically left, on this continent, with the Horn smelter in Quebec, now owned by the Swiss, Teck's smelter in Trail, B.C., and St. Joe's remaining smelter in Missouri, now North America's largest lead refiner.
Without smelters we don't get rare earths. We also don't get common base metals like lead, zinc and copper. Without them we also don't get silver. It is important to understand that the this decade's run-up in silver, gold, copper and other metal prices has as much to do with who is producing the stuff as who is not.
It seems all the United Snakes of America produces any more is paper money, which in itself may become a critical material as the Green Movement shuts down the timber industry.
It will be 40 years ago this coming August that the United Snakes officially declared bankruptcy, as artfully detailed by Chris Weber this week, who wonders if we even own any gold anymore. It's when the U.S. reneged on its promise to redeem U.S. Dollars in gold, much to the chagrin of our old allies in Europe, who had trusted us. It was when U.S. Treasury Secretary John Connally famously (or apocryphally?) said to France, "The dollar is our currency, but it's your problem."
No wonder Charles De Gaulle kicked NATO out of France the next day. Despite its famous tolerance of all that is weird, the Republic of France does not suffer tramps and fools lightly. Nor need it. We stiffed them, plain and simple, and now we are staring down a very dirty barrel.
But we digress. Back to Rep. Mike Coffman's proposed legislation. What metal is NOT critical, or rare, to an industrialized nation that consumes them all? That is at the mercy of governments, sheikdoms and principalities hostile to it? That is at the mercy of nations it has smart-assedly stiffed? Remember that nasty Oil Embargo in the mid-1970s, when OPEC was formed? Know why that happened? It was because the Arabs re-priced oil to sync with the re-pricing of gold the U.S. had instigated. The Arabs just wanted measure-for-measure, which we are pretty sure is a Christian command.
We had better adopt Congressman Coffman's proposal in short order, but expand it to include every other metal, mineral and fossil fuel we possess but lack the will to produce. Include silver, copper, zinc, lead, and "dirty" gold. Every time we fire a cruise missile at Libya, we burn up 15 kilograms of silver in its wiring. But we don't make silver here anymore.
Wars start on Sunday mornings. It takes a decade to build a silver mine. Rep. Coffman, are you listening?
http://www.silverminers.com/commentary/wallace/index.php?&content_id=1464
Welcome Canstud,
You're looking at a highly specultive company but the rewards could be fantastic.
Don't spend more on it than you can afford to lose. IMHO
That's my two cents worth.
Other that that....Good luck to us all. How could we lose with silver hitting $42+ per oz?
Hey NY Bob...We're up to 9 followers... Yaowsa
SG
Although he's fixated on gold these days, Kaplan hasn't abandoned silver. Through Silver Opportunity Partners, an affiliate of Kaplan's Electrum exploration group of companies, he bought key assets of Sterling Mining Co.—which include the Sunshine Mine, nestled in the heart of the "Silver Valley" of Idaho—out of bankruptcy earlier this year. Well known in mining circles, Kaplan and his team worked hard to keep a low profile leading up to the bankruptcy auction so as not to tip their hand and drive up the bidding. The Sunshine transition team was headed by Mark Wallace, president of Tigris.
--http://today.msnbc.msn.com/id/38883209/ns/today-today_news/
I am not exactly 100% sure what that would mean.
canstud welcome to Sterling Mining Co. (SRLMQ)
Hey guys, kind of new here and looking well into different silver companies,
and this one attracted my eye, partially because of the price
and the fact the company is now in the hands of Kaplan
if I am correct.
RE:
the company is now in the hands of Kaplan ???
if you know that, please tell us more
Anyways, perhaps a future investor in this company!
Nice to meet ya.
TIA
God Bless
Hey guys, kind of new here and looking well into different silver companies, and this one attracted my eye, partially because of the price and the fact the company is now in the hands of Kaplan if I am correct.
Anyways, perhaps a future investor in this company!
Nice to meet ya.
Sterling Mng (SRLMQ)
0.0415 ? 0.0065 (18.57%)
Volume: 27,200 @ 2:37:26 PM ET
Bid Ask Day's Range
0.038 0.0415 0.0355 - 0.0415
Great Day... Let's see 18% tommorrow! And more volume
Jeez, Silver over $40.00 / oz. How can this company not want to go in to production?
The Q is still on the end because Kaplin wants to buy up as many of the shares from tired share holders as cheap as possible before finalizing the Bankruptcy as I said in a previous post. It is business and he is a business man trying to get as much in his pocket as he can. But I think the game has played out and prolonging the rebirth of Sterling will look foolish and play against the company in the long term image and trust which is important in the business. Share holders need to contact the company and ask about the rebirth and the shareholders. It is up to the Judge in the end and I think Kaplin already knows the deal and as I said is just trying to squeeze the last shares out of the weak who surrender. They have to move soon or miss the silver tide.
Star Gazer well, its a good Q.?
It would be good if Sterling would give the shareholders
an update and tell us what properties and rights are
still owned???
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60690769
TIA
God Bless
Followers
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11
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Posts (Total)
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Moderators |
SHARES SUNSHINE SILVER MINES CORPORATION SUNSHINE SILVER MINES CORPORATION PRINCIPAL PROJECTS Sunshine Mine Property Silver Valley Idaho, U.S.A. Los Gatos Project Chihuahua, Mexico
Stephen Orr Executive Chairman and Acting Chief Executive Officer Sunshine Silver Mines Corporation 370 17th Street, Suite 3800 Denver, CO 80202 (303) 784-5350 |
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| Acquisition of the net assets of Sterling's Idaho Sunshine mine by purchase from Sterling's bankruptcy proceedings. Included Sunshine Mine etc. - On May 11, 2010, the Company, through its wholly owned subsidiary SOP, acquired the net assets of Sterling's Idaho Sunshine mine by purchase from Sterling's bankruptcy proceedings. Included in this purchase was Sterling's mine lease with Sunshine Precious Metals, Inc. ("SPMI"). In July 2010, SOP exercised the option in the lease to buy the Sunshine Mine and facilities from SPMI. SUNSHINE SILVER MINES CORPORATION Sterling Mining Company is a mineral resource development and exploration company. The Company holds important mineral leases proximate to the Sunshine Mine, and holds a substantial portfolio of patented and unpatented mining claims located in the Coeur d'Alene Mining District and in Montana. ***STERLING STOCK SYMBOL IS NOW SRLQE ON THE PINK SHEETS**** ©2006 Sterling Mining Co. All Rights Reserved. Disclaimer |
Company web site.http://www.sterlingmining.com/s/Home.asp
Technical report for the sunshine mine.
http://www.sterlingmining.com/i/pdf/43-101_20070618.pdf
www.ivarkreuger.com/metalcharts.htm
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
Very informative interviews.
http://goldsilver.com/video_player.php?video_id=17&cat_id=2&ss=4031b7e3433d9073d714d3383be28015
Link to KITCO. A wealth of information can be found here.
http://www.kitco.com/
General Rules:
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Lively discussions are permitted as long as they -
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The Purpose of this board is aimed at discussing Sterling Mining Co. - COMPANY SPECIFIC issues -
please, stay ON TOPIC and ENJOY the Ihub SRLM forum! -
Moderator Thoughts:
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Its up to You to do your own due diligence dd...
DD --- at all time! --- Thanks in advance - Welcome -
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