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wow..looks like I should have held
SILVER NEWS
RIGHT MIX OF WORLD CLASS SILVER, LEAD & ZINC
Two world class silver projects make Bear Creek takeover target - Haywood
With a game plan that would see two new major silver mines commencing production in 2013, Vancouver junior Bear Creek may offer the right mix of near-term world-class silver, lead and zinc production.
Author: Dorothy Kosich
Posted: Monday , 19 Oct 2009
RENO, NV -
With the potential of mining 10 million silver ounces and 4.5 million silver ounces respectively annually, Haywood Securities says Vancouver junior Bear Creek would potentially operate two of the world's top 10 primary silver mines.
In a recent analysis, Haywood metals analysts Chris Thompson and Colin Healey said, "With an updated economic assessments for Corani and Santa Ana plus a game plan that will see both producing in 2013-Bear Creek offers the right mix of near-term world class silver, lead and zinc production."
"By advancing two significant silver-lead-zinc projects through to final feasibility, Bear Creek offers leverage to the silver, lead and zinc price," the analysts said. "With tentative feelings of optimism sweeping throughout the metals markets, driven by buoyant precious metals prices and supported by firm and strengthening base metal prices, Bear Creek offers a compelling asset base of development stage projects worthy of note."
Thompson and Healey estimate the US$345 million open pit mine at Corani would yield 192.3 million ounces of silver, 2.1 billion pounds of lead and 1 billion pounds of zinc over a 26-year mine life, using convention flotation recovery methods. The analysts assume production will begin in the third quarter of 2013.
Haywood estimates an average 7.4 million ounces of silver production annually for the life of the mine. Life-of-mine cash costs of US$7.62 per ounce have been estimated. The project is located between the cities of Cusco and Puno in the Puno District of southeastern Peru.
"With the ability of producing 10 million ounces of silver, before lead and zinc credits, Corani comfortably ranks at a top five silver mine (by annual production)" alongside Aquiline's Navidad project and Silver Standard's Pirquitas mine, both in Argentina; Coeur d'Alene Mines' San Bartolome mine in Bolivia and Silver Standard's Pitarrilla project in Mexico.
A former Rio Tinto property, the Corani Project is situated midway between the cities of Cusco and Puno in the Department of Puno in Peru.
With a low capex of US$58.4 million and low-cost heap leaching 70% silver recoveries, Haywood suggests, "Santa Ana's economics are attractive in a buoyant market for silver." Haywood estimates a LOM cash cost of US$7.62 per silver equivalent ounce.
"Up against heavy weights such as the San Cristobal project in Bolivia (Sumitomo), the Navidad project in Argentina (Aquiline Resources), and the Pitarrilla Project in Mexico (Silver Standard) Corani features notably amongst other 300 million oz silver deposits, before its base metals credit are recognized," the analysts said. "Even Santa Ana which hosts a respectable 97 million oz of silver in measured and indicated resource categories...qualify as a significant silver deposit."
The analysts claimed Bear Creek could become an acquisition target.
"The recent announcement of Pan America Corp's proposed friendly takeover of Aquiline Resources highlights the attractiveness of silver projects supported by large resource bases and the ability to deliver +10 million ounce production profiles. Corani matches these attributes and serves (with potentially Santa Ana) as potential acquisition targets for silver mines looking to ratchet their production profiles higher, especially if those ounces are cheap to deliver and come with attractive base metal credits."
Among potential acquirers of Bear Creek, as suggested by Haywood, are Pan American Silver, Coeur Hecla Mining and Silver Wheaton.
http://www.mineweb.co.za/mineweb/view/mineweb/en/page32?oid=90935&sn=Detail
.0008 looks like it's it.
That is the support on the chart, and they tried breaking through and couldn't do it.
There were 4 MMs on the bid at .0009 yesterday, .009 x .001 , and 25 M went off at .0008 under the bid. .0009s went through for a while, and then they dropped it to .0008 x .0009 .
I guess just keep watching it, and/or get an order in . If it really does fall below .0008, it's gonna be one of those quick dips that only benefits those that either already have a low order in, or those that watch it all day/everyday.
The CEO is a moron, but the guy who is really in charge is the right guy for the job. Also, there isn't even a possibility of it being a scam, as their relationships with SCSU, Methes, and other organizations are real.
Buy 'em when they're ugly.
when is SYNJ going to stop tanking?
Grabbed some STSA at the close....just couldn't resist down here..with a 21.87% shrt intrest
http://www.finviz.com/quote.ashx?t=stsa&ty=c&ta=1&p=d
Nice. I was just about to tell you that hopefully you took a .10/share free gainer. Nice call!
Gotta get going for the day........
out of CIT and in SLTM
yo,just muckin around
Hey my brother..playing with the forex a bit tonight..how are you
Probably will be able to get in and out of that one a lot over the next few weeks. The cit.pr.a gets some pretty good volatility too. Just put in an order at $1-1.05 and if you get filled, you'd be able to sell it same day for atleast .10 gainer imo.
don't worry..it is a hit and run trade for sure...thanks
Don't get too greedy. Any green should be taken tomorrow because they are going down imo.
grabbed a few 1.12 CIT A/H..
have it on screen and watching..Thanks
There was news today that MESA and Republic are combining their Hawaii operations, they wiped another $3M in debt off their books, and they are still on the good side of their suit against Delta, so they aren't going anywhere. I think "they" are going to have to take it back down to .22-.23 one more time and I don't think today's move will last, but sooner than later, it will make the move where it doesn't look back imo.
your the 3rd person to bring up MESA to me today...whats happening with it?
I think the next time there is a total market sell-off, you are going to want to buy S , DPTR (always makes the nice move from $1.70-1.80+ atleast), MESA , SQNM, and MGM . Those should all have pretty decent percentage gain pop-backs imo.
i read that every morning and rosenbergs commentary (also free) at www.gluskinsheff.com
that referal come from you that I just got?
It's just crazy how they try to paint reality.
is your email incom?
No argument here on everything you posted..
I do really need to learn options...I don't know enough about how they work..
just start selling calls like a madman on any of your caps
untill unemployment turns I do not see this substainable..JMO
I would agree with toppy. A lot of the P/E ratios, be they price to quarterly earnings, price to yearly earnings, or price to forward earnings, are almost all completely ridiculous right now for most stocks.
If the markets keep going up towards pre "crisis" levels, then the next crash will even be worse than the one we just had. Prices are going right back up to where they were for absolutely no reason. The housing market is not getting better, unemployment will continue to rise, many profits seen recently were the result of lay-offs, cuts, etc and imo, the worst thing that could happen is for everything to keep going up.
DJI 10,000 awful toppy IMHO...I am tempted to dump all my large caps here..and stay in cash for a retrace..exept the inflatuion trades ..I will hold my oil awhile longer
Looks like they are using BAC to push the index up.
being perty good to me also....thanks for the heads up on it....LOL
NEOM Has berry berry good 2 me!
Same "people" and "IR" running MEVT that ran/run AWSL.
I was alerted on AWSL at .70..hit 2.6 today.
Alerted on MEVT at .30. The continued dominance of AWSL makes me look much harderrrrrrrrrr at MEVT....still don't own any but if i was rich id be buying haha
nope and thats the problem haha. Should see a follow up on last weeks PR this week stating that we will receive the 750k from NLI and we will win the entire $7.5mil.
Port HOpe project, COnnecticut project, New name (Sunbay Energy America) and symbol, USA Team, audits etc......all to be released once that legal issue was taken care of. Uplist to OTCBB is expected at end of November...all the other stuff well before that
have it up on screen...not much attention yet it don't seem
yea..I have 0081 & 0099'S have an order to add if it comes back to .0108
hey cheap enough for me! a little overbought now but that wont stop good news
main mover has been NEOM for me..but they have YA fins...but the 2d bar codes seem to be the upcomeing tech..so we will see
you buying anything?
no biggie. just offering a look at WLSA.
i know you don't enjoy playing the pinks.......but im bullish on WLSA, PCAI right now
whats up?..sorry haven't been around much the last week..I am back now..
We have some nice works going on over in the PCAI board.............id advise you to take a look
pssst.....whats up
Silver bars are as hot as gold bars!
2009-10-12
ARIZONA (Commodity Online): While many businesses are struggling to grind through the economic downswing, precious metal dealers like Scottsdale Silver are thriving as a result of investors’ growing distrust in the stock market and the US dollar.
With financial upheaval in the banking system, political policy shifts and the poor economy there is an influx of buyers — both seasoned investors and first-timers are turning to silver as a safe haven.
Demand has increased sharply over the past year to the point Scottsdale Silver has able to significantly expand its product line.
Scottsdale Silver’s manufacturing standards qualify its products for IRA Trusts, and that means security. Secondly, they’re minted in the United States.
There’s no doubt that gold and silver are now being discussed in the media, but just recently more and more people are taking the step of buying the actual hard metal.
When people hold it in their hand they feel as if they’ve just become their own central bank.
In response to the demand for silver bullion, the Arizona-based company recently unveiled two custom products — the 1 and 10 Troy ounce precision-machined “Scottsdale Lion” silver bars. Both bars are highly detailed and feature the company's lion hallmark.
As the value of the dollar continues to slide, precious metals like gold and silver are fast becoming trending topics on TV — both in the programming and in commercials for companies promising top dollar for unwanted gold and silver jewelry.
But while other companies seek to pull the metal out of households, Scottsdale Silver’s aim is to put tangible assets into the coffers of families across the nation.
Scottsdale Silver is also a leader in environmental responsibility, as more than half of their products are sourced from the recycling industry. Reclaiming silver from the electronics and photography industries and refining it is a common way to mint bullion for the retail market.
While other stores may require a broker or a phone call, buying from Scottsdale is simple as they accept credit cards and paypal on their Web site. While their focus is silver bars, gold bars will also be available for purchase online later this month.
(Courtesy: PRWeb)
http://www.commodityonline.com/news/Silver-bars-are-as-hot-as-gold-bars!-21851-3-1.html
I couldn't have been more wrong.
The market wants to move up.
Glad I didn't short anything.
I think we will know when it is time to short, even though the ridiculous P/E ratios are totally fIng insane right now.
imo, it's only a matter of time before valuation comes back into play.
Hope you are well!
HITR.OB(.80) News 80Million$ potential
Nano-Jet Outlines Sales Potential of Select Market Segments
Oct 7, 2009 9:30:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 10/07/09 -- Nano-Jet Corporation, a wholly owned subsidiary of Hitor Group, Inc. (OTCBB: HITR) is pleased to announce interest in the Nano-Jet Fuel Enhancement Module on the part of three Class 1 North American Railroads for use on both their locomotive and truck fleets. Nano-Jet Corporation is the sole owner and producer of the world wide patent applied for Nano-Jet line of fuel performance enhancing devices, the most highly refined and effective technology of its kind available in the market today.
"If all three of these railroads were to purchase Nano-Jet modules for their entire fleets of diesel locomotives and trucks, it could represent a total potential sales amount well in excess of $80,000,000!" stated Marc Smith, CEO of Fuel Force of Allegan, Michigan, the Nano-Jet distributor involved. "The interest of these major transportation companies has been stimulated by their examination of the initial test results of the Nano-Jet Fuel Module, which show impressive improvements in fuel economy and substantial reduction in exhaust emissions. We are in hopes of completing specific tests of interest to these companies in the coming months, the findings of which, we hope, may well result in a literal flood of orders for Nano-Jet."
Additional interest in Nano-Jet has been indicated by small to mid-sized trucking companies representing a total of up to 20,000 vehicles. Nano-Jet's aforementioned distributor Fuel Force is also in conversation with a company whose fleet numbers 900 diesel buses and their Egyptian distributor, CAVCO, has been communicating with a company which operates a fleet of buses. First order estimated at 2000 Nano-Jets. With hopes of converting this interest into sales in Egypt and other Middle East countries.
"The future is very bright for Nano-Jet," said Ken Martin, CEO of Nano-Jet Corporation. "We are very pleased with the attention to Nano-Jet Fuel Enhancement Modules generated by our pioneering group of exceptional distributors and we are just now scratching the surface of the potential market for our product. We are also very interested in adding more quality distributors to the Nano-Jet family to complete the build-out of our distribution network."
About Nano-Jet:
Nano-Jet Corporation, a wholly owned subsidiary of Hitor Group, Inc. (OTCBB: HITR), is the sole owner and producer of the patented Nano-Jet line of magnetic fuel performance enhancing Modules. Nano-Jet offers the most highly refined and effective fuel performance enhancement technology available in the market today. Nano-Jet's proprietary design magnetically breaks down the molecular clusters which naturally exist in the fuel into single molecules and polarizes those molecules to enable a more complete combustion of the fuel/air mix. Extensive testing of the line of Nano-Jet models on a variety of gasoline and diesel engines has conclusively proven that fuel treated by these fuel performance optimizing devices produces measurably more power, increases fuel economy by an average of 7-12% and reduces toxic exhaust emissions up to 30%.
The Nano-Jet Fuel Module is suitable for use with a wide variety of internal combustion power plants from the smallest single cylinder gasoline engine to diesel railroad locomotives and marine diesels. To learn more about Nano-Jet, please visit our website at http://www.nanojetcorp.com/
Contact:
Evianir
1-877-331-8777
LVS is probably a great call. It's been hit lately and it will run hard when the market runs.
I'm pretty much tapped for cash right now, and I'm glad because although there could be some earnings announcements on Wed that provide some positive support for the market, I think Thursdays #s will ultimately be viewed as not so hot, and I'm sticking to my DOW back to 8,600 pretty soon.
Even if I had cash to play them, I would only play them by day. Take advantage of the swings. Just get in and get out.
Remember, 20% 4 times = 100% when you reinvest your gains plus your original investment , or 10% 8 times = 100% .
You can double your money faster than you'd think if you're disciplined, but the discipline is the hard thing. It is too easy to hang on to shares when they are up, trust me I know. I've burned myself enough times to not hang onto shares, not even freebies.
Last post of the day.
Take care Fish !
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