Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Looks like some one is selling a few shares to drop the price.
We are getting closer. The share price might fall a little more, but hard to see anyone selling now, but you never know its happen before. If this hits a penny that would be all-some, 3 million shares i will pick up. There getting things ready, and i think there will not be any problems getting there funding when its time. I might put in a bid in the next few weeks.
good luck
2+2 Things Adding UP
Lines from Nov 15 2011 News:
"the Company has received a paper from Alpha Omega Engineering Inc"
"This Paper is predicated on Section 26, “Opportunities” of the newly completed NI 43-101 Preliminary Economic Assessment Report (PEA) carried out by Wardrop (A Tetra Tech Company)September 15, 2011The Paper identifies three main areas which offer the best potential to incrementally decrease the operating cost. These areas are operational changes that either increase productivity or decrease cost,energy cost savings through energy recovery and the elimination of waste disposal costs. Additionally, the waste streams are potentially value added products which could be marketed and possibly increase the overall profitability as revenue for co-products."
Lines from Nov 18 2011 News:
"(“Molycor” or the “Company”) is pleased to announce the addition of Robert Brown to the Board of Directors and the appointment of James Sever to the position of Chief Operating Officer of the Company.James Sever has been appointed to the Management Team as the Chief Operating Officer. He is president of Alpha Omega Engineering Inc"
James Sever researched and wrote a report on on the cost of production and then JOINS MOLYCOR I would love to be a fly on the wall so to speak.
glta
Molycor Brings New Experts On Board:
http://editorial.equities.com/spotlight-companies/molycor-brings-experts-on-board/
For any of you in the Reno area:
The Reaugh Group of Companies invites you to attend
Rocks to Riches... and meeting the challenges between
NORTHWEST MINING ASSOCIATION'S
117th Annual Meeting, Exposition & Short Courses
November 28 - December 2, 2011
John Ascuagas Nugget Casino Resort, Sparks/Reno, Nevada USA
Please visit the Reaugh Group at Booth #532
For more details please visit www.nwma.org
Information Contact
Connie Fischer, Investor Relations
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: connieir@amymn.com
www.americanmanganeseinc.com www.goldrea.com www.molycor.com
Molycor sent me this:
We invite you to view the following Magnesium Articles:
News | Batteries & Storage
Yoni Cohen
November 17, 2011
http://www.greentechmedia.com/articles/read/a-magnesium-battery-khosla-arpa-e-explore-lithium-alternative/
A Magnesium Battery? Khosla, ARPA-E Explore Lithium Alternative
Pellion Technologies is using computational screens to identify a suitable cathode for magnesium-ion batteries.
Magnesium is the eighth most abundant element in the earth’s crust. Pellion Technologies hopes to make magnesium-ion batteries abundant on the earth’s surface.
In 2009, Khosla Ventures<http://www.greentechmedia.com/articles/read/vinod-khosla-with-some-tough-love-for-energy-storage/> provided Massachusetts-based Pellion with seed capital (here's Mr. Khosla talking about energy storage<http://www.greentechmedia.com/articles/read/vinod-khosla-with-some-tough-love-for-energy-storage/>). In 2010, ARPA-E awarded the startup a $3.2 million grant. Now, the company is willing to talk about its progress.
According to Pellion, its rechargeable magnesium battery will have a higher energy density (energy per unit volume) and specific energy (energy per unit weight) than today’s lithium-ion batteries<http://www.greentechmedia.com/articles/read/Update-on-International-Batterys-Utility-Scale-Lithium-Ion-Energy-Storage/>, which are used in portable electronics and electric vehicles<http://www.greentechmedia.com/articles/read/Tesla-Q3-Earnings-Call-Revenue-Losses-and-Stock-Rise/>.
“Because magnesium-ions transfer two electrons per atom, if you intercalate magnesium instead of lithium into a suitable cathode, you get twice the energy density right off the bat,” said Josh Nevin, Pellion’s VP of Operations and Business Development. “The other key is the magnesium metal anode, [which] provides much higher energy density than conventional lithium-ion anodes. The net result is a battery with up to three times the energy density of state-of the-art lithium-ion batteries”
Pellion also claims that its magnesium battery will have a longer cycle life than today’s lithium-ion battery.
“When you cycle a lithium anode, the lithium metal that plates grows like moss on a tree. This can eventually lead to problems,” said Nevin. “We don’t have that problem with magnesium, [which] plates in a nice, uniform distribution. Our team has been able to demonstrate over 3,000 cycles at 100 percent depth of discharge with less than 15 percent capacity fade.”
Magnesium is not only plentiful, but also inexpensive and safe. In addition, magnesium batteries have the potential to be drop-in replacements for lithium-ion batteries.
So far, so good. But to commercialize a rechargeable battery that uses a magnesium metal anode, Pellion must also select a complementary cathode. That’s the rub; previous efforts to develop a magnesium battery have failed to identify a suitable cathode.
In 2000, Doron Aurbach, a Professor of Chemistry at Israel’s Bar-Ilan University, demonstrated the first rechargeable magnesium battery. The discovery generated significant, if short-lived, interest. Aurbach had used a less-than-ideal cathode and therefore demonstrated a battery with low energy density.
For the next decade, neither Aurbach nor his colleagues were able to identify a better cathode. As a result, interest in magnesium batteries waned.
“Many researchers simply moved on. We think that was shortsighted,” said Nevin. “Professor Aurbach’s battery really had phenomenal performance and was only limited by its cathode.”
To identify a better cathode, Pellion begins with a computational screen. As the company zeroes in on potential targets, it engages in targeted synthesis and electrochemical testing.
“Before we make any material, we compute its fundamental properties in a high-performance computing environment, literally at the electron level,” said Nevin. “We compute voltage, capacity, and mobility. We conduct very fundamental science, computationally, well before we synthesize anything in the lab.”
Pellion's co-founders are Gerbrand Ceder, a Professor of Materials Science and Engineering at MIT, and Kristin Persson, a chemist at Lawrence Berkeley National Laboratory. The company’s team includes Edward Buiel, the former CTO of Axion Power, and Aurbach, who serves as a scientific advisor.
By leveraging its high-throughput techniques, Pellion has already tested more than 10,000 cathode candidates. The company has zeroed in on about a dozen materials -- Nevin won’t go into further detail -- which it is testing and cycling in its lab. Pellion has also developed “several classes of electrolytes” -- again, no additional details, for now -- for potential use in its magnesium battery.
Of course, magnesium is but one of many potential lithium alternatives. Researchers and entrepreneurs are exploring Li-S, Li-air, Li-cobalt, Zn-air and Na-metal halide, among many other approaches. And Pellion isn’t alone in working to commercialize magnesium-ion batteries. Earlier this year, Toyota revealed that it too is developing a magnesium battery.
Toyota has estimated that its magnesium battery won’t be available until 2020. In June, ARPA-E acknowledged Pellion<http://www.greentechmedia.com/articles/read/arpa-e-announces-106m-in-futuristic-projects/> was one of its riskier projects.
Still, the Pellion team is undeterred and believes it is well on its way to solving magnesium’s historic challenges. For example, a longstanding challenge in magnesium battery development has been magnesium’s lower mobility relative to lithium, which has limited magnesium’s rate of charge and discharge.
“With our computations, we have shown there are materials with magnesium mobility comparable to that of lithium in common lithium-ion systems,” said Nevin. “Magnesium mobility is not nearly the problem many feared.”
***
Yoni Cohen is a student at the Yale Law School and a former college basketball writer for Fox Sports. He has worked for cleantech venture capital firms in San Francisco and Israel and has reported about environmental innovation for numerous publications. Before law school, he served as an advisor to candidates for and members of Congress. Follow Yoni on twitter @Cohen_Yoni.
About Molycor Gold Corp.
Molycor Gold Corp. (TSX VENTURE:MOR) is a Vancouver B.C. based junior resource company. Molycor's primary focus is on advancing their NI 43-101 Tami – Mosi Magnesium Project in Nevada which has 412 million tonnes of inferred resources containing 111 billion pounds of magnesium.
For more information on Molycor Gold Corp. please visit www.molycor.com.
Contact Information
Connie Fischer, Investor Relations
2A - 15782 Marine Drive, White Rock, BC Canada V4B 1E6
Phone: 604-531-9639 Fax: 604-531-9634
Email: cfischer@molycor.com or info@molycor.com
NEWS
Molycor Creates Technical Advisory Committee
November 28, 2011 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to report a major development within the Company’s corporate structure. As part of Molycor’s corporate vision, the Company has assembled a Technical Advisory Board consisting of some of the top and most respected individuals in the Magnesium, Ferrosilicon, Mining and Production communities to advise and assist the Company. Each member has been selected for their individual expertise and for their variety of industry experiences and strengths. The Company will utilize the expertise of the Advisory Committee and consult them in matters of Magnesium, Ferrosilicon, Mining, Production and business development.
The initial Advisory Committee will consist of:
Dr. Neale Neelameggham is partner/owner of Ind LLC consulting on metal production and energy technology. He was one of the original engineers when the US Magnesium plant started up in 1972. Being newly retired with over forty years of experience in the magnesium industry, Dr. Neelameggham is recognized as a premier researcher and inventor/co-inventor in the magnesium field and holds 13 registered patents with over 14 papers and publications to his credit. He has several professional affiliations and is a permanent member of the Magnesium Committee of the Light Metals Division of the Metallurgical Society.
Ralph Carter, BSc. Engineering, resides in Arizona with over 40 years of experience in the development and operations of Ferrosilicon plants. He was project manager and engineer for Alcoa at the Addy magnesium plant from 1989 – 2000 and responsible for evaluating, operating parameters, environmental controls and economic profitability. His previous employer for 20 years was Hanna Mining Company in Riddle, Oregon where he was the operations manager of the Ferrosilicon plant responsible for all activities at the mine and smelter where high quality product was produced.
Gavin Treanor is an Aerospace Engineer and was a principal in a Chinese merchant banking firm for over ten years focused on global sourcing of current and strategic metals for Chinese clients. He has been the lead on international financial structures and assisted companies in securing capital, developing assets and various merger and acquisition structures.
The Technical Advisory Committee members will be offered a stock option package and will be compensated for the time utilized by the Company. Option packages are subject to regulatory approval and will be issued in accordance to the Company’s stock option plan.
About Tami–Mosi Magnesium Project
The Tami–Mosi magnesium project poses the ability to exploit its inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis on the project, completed by Wardrop Engineering (a Tetra Tech Company), which shows an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp:
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Information Contact
Edward Lee
President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
It looks that way, no head turning news around that time. I hit on MLYFF at that time, only 82,000 shares and sold at $.11 and bin watching ever since. I look forward to more news and videos, there pretty good.
It doesn't look like it was a news release that sent AMY up from .30$ to .80$ I think it may have had something to do with getting noticed and also many stocks were climbing at that time, MOR went from .08$ to .12$ around the same time.
As far as making a bottom here I think it is, there has been an increase in volume as of late and am hope full that an increase in price will follow. Now that Molycore is starting to get talked about in different news letters it should help to get us noticed and create some interest.
glta
Do you guys think this is the bottom? Maybe $.005 or $.01 lower? Im trying to find the news that sent American Manganese up in JAN 2011 from $.30 to $.80 range. seeing if Molycor is in the same position now as they where then. Or at least getting close.
That is a cool video on how these materials are being used in today and tomorrows uses.
Here's an interesting vidio that I got off of Molycor's web site.
http://www.molycor.com/profile-popup.html
It could put Molycor and AMY together in the same market place.
glta
This is a good article, I think news will start to flow know. When more people start buying shares, this is going to go up quick. It's real close for me to start buying up again.
Great article out today on Molycor Gold:
http://editorial.equities.com/spotlight-companies/molycors-golden-opportunity/
Great News
Molycor Adds Experts to Board and Management
November 18, 2011 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to announce the addition of Robert Brown to the Board of Directors and the appointment of James Sever to the position of Chief Operating Officer of the Company.
Robert Brown has been added to the Board of Directors for the Company and brings with him over fifty years of industry experience in both ferrous and non-ferrous materials that includes twenty years in the technical management areas of light metal foundries and reduction plants. Mr. Brown has consulted to major international magnesium companies to assist in evaluation, planning, design, marketing and trouble shooting new operations. He has held various positions throughout the many stages and departments of magnesium production and operations.
Mr. Brown is the publisher of “Magnesium Monthly Review” since 1971 and a contributing editor and columnist for “Light Metal Age” and “Australian Journal of Mining” with over twenty five publications. He has served as Executive Secretary for the International Magnesium Association (IMA) and participated in world panels.
James Sever has been appointed to the Management Team as the Chief Operating Officer. He is president of Alpha Omega Engineering Inc. of Spokane, Washington with over thirty years’ experience in non-ferrous metals, chemical, industrial and operational management. For nine years he was employed by Alcoa at their Northwest Alloys Inc. Magnesium plant located at Addy, Washington. As Technical Operations Manager he was part of the senior management team.
Mr. Sever’s accomplishments include:
· Implementation of new technology on a plant wide basis;
· Participation in the start-up of a major alumina refinery as part of the technical management team;
· Attained record safety performance in every department managed;
· By focusing on simplifying process operation he was able to significantly reduce maintenance costs;
· Designed a proprietary seal for the electrical connection on a commercial vacuum furnace;
· Operating a world wide consultancy focused on safe effective reduction operation and development in the light metals industry.
During his tenure at Alcoa’s Northwest Alloys Mr. Sever:
· Stabilized process operations by revising the process control scheme and gaining consistency in key raw materials;
· Implemented a technical oversight team that captured and incorporated the practical knowledge base for the plant workers while maintaining continuity and consistency between shifts;
· Revised the management metric for each production department’s performance which eliminated interdepartmental rivalry;
· Applied “SIPOC” (a model based on Suppliers, Inputs, Process, Outputs and Customers) a tool used in a 6 sigma process control, Statistical Process Control and Evolutionary Operation analysis system to incrementally improve production operation.
These activities were enabled by increasing the power available to the reduction furnaces. Together they culminated in production increasing more than two times without a major capital expansion of the plant.
Both these gentlemen bring with them decades of experience to Molycor, beneficial to the development of the Tami – Mosi Magnesium Project.
About Tami – Mosi Magnesium Project
The Tami –Mosi magnesium project poses the ability to exploit the inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis completed by Wardrop Engineering (a Tetra Tech Company) showing an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp:
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Information Contact
Edward Lee
President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
Yes I'm familiar with the other company's that are run by same management and have spoken with both Larry and Ed. I also know the history, their failures and successes. These people have been there before and are very competent. This is a great time to get in as this is the ground floor nothing but upside here. Nice thing with Molycor is their other properties even if this did fail I think they are undervalued on the hole picture. Gold, Silver and Moly properties in the USA and Canada.
glta
Here is a video of Moycor Gold Corp from May...
http://www.smartstox.com/interviews/mor
Don't no if you know but Molycor is also patr of American Manganese...you can read about them in the ticker AMY on this site or there web site.
Molycor Identifies Opportunities to Streamline Magnesium Operating Costs
November 15, 2011 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to report the Company has received a paper from Alpha Omega Engineering Inc. of Spokane Washington, USA, titled “A Discussion Paper for Potential Areas of Improvement within Molycor Gold Corporation’s Tami-Mosi Magnesium Project and Possible Effects upon Projected Profitability” (the “Paper”) dated October 17, 2011. The Paper suggests additional potential savings in cost reductions to the current NI 43-101 $1.28 cost per pound of magnesium produced.
This Paper is predicated on Section 26, “Opportunities” of the newly completed NI 43-101 Preliminary Economic Assessment Report (PEA) carried out by Wardrop (A Tetra Tech Company) September 15, 2011. The Paper is an expansion of these opportunities that quantify the possible impact on the profitability should any of the operation changes be proved viable. The Paper identifies three main areas which offer the best potential to incrementally decrease the operating cost. These areas are operational changes that either increase productivity or decrease cost, energy cost savings through energy recovery and the elimination of waste disposal costs. Additionally, the waste streams are potentially value added products which could be marketed and possibly increase the overall profitability as revenue for co-products.
Cost Savings
Three areas offer opportunity to reduce costs. They are listed in the following table.
Table 1 - Unit Production Cost Reduction Opportunities
1. Operation Improvements Subtotal
2. Energy Reduction Subtotal
3.. Waste into Co Products Subtotal
A potential combination of alternative lower cost raw materials combined with maximization of productivity constitutes the potential operation improvement opportunities.
Since a new plant is to be constructed, it could be possible to make energy recovery a primary design criterion. This could enable application of conventional and new technology mechanisms to recover energy normally lost from the process.
Every waste stream generated in the process has a disposal mechanism incorporated in the production cost as identified in the NI 43-101 report. This was done to ensure the process would be economic if magnesium was the only product. In actuality, all of the waste streams are commodities used as raw material in other operations and offer the potential to offset costs and/or generate additional revenue streams.
Potential Revenues
The potential areas of increased revenues reflect the direct sales of waste streams as co-products only and do not include the potential savings from any possible efficiency.
Table 2 - Additional Revenue Stream Opportunities Based on Seeking Possible Sales
of the Listed Waste Streams Which Result From the Projected Magnesium
Production in the NI 43-101 Preliminary Economic Assessment
ANNUAL PRODUCTION WASTE STREAMS
(Tonnes/Annum)
Fume Silica 5,400
Dical 161,892
Sulfur 864
Coal Tar (if not consumed) 88,364
Continuous Operation (in developement) TBD
Calciner CO2/H2O stream to Gasifier TBD
It must be stressed that these are opportunities only and are not based on engineering studies which would have to be conducted by Molycor prior to any degree of certainty being ascribed to these opportunities which are being discussed herein and that these opportunities would need a costs benefit analysis to be carried out by the Company before implementation as well as the identification of any additional capital requirements.
Future Market Demands
With the US federal government establishing new CAFÉ (Corporate Average Fuel Economy) standards, the automotive manufacturers are initiating studies on ways to remove weight from their vehicles (cars and light trucks). By 2025 the target will be 54.5 mpg. To achieve this, a current vehicle’s weight must be reduced by 10 to 15%. Since the typical vehicle weighs 3,625 pounds, 360 to 540 pounds must be removed.
To achieve this level of weight reduction and still maintain safety and comfort, lighter materials have to be substituted for heavier. Mild steel, zinc and cast iron will be replaced with aluminum, magnesium, composites and/or carbon fiber. Magnesium offers substantial benefits in that it has twice the strength to weight of steel and 4.5 times lower mass than steel. It also absorbs vibrations adding to the noise suppression in the vehicle.
Conceivably, with over 12 million vehicles produced annually in North America, to achieve just the minimum 300 pound weight reduction needed per vehicle by using magnesium as a substitution for steel, over 400,000 metric tons of magnesium would be required.
About Tami – Mosi Magnesium Project
The Tami –Mosi magnesium project poses the ability to exploit the inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis completed by Wardrop Engineering (a Tetra Tech Company) showing an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp:
Molycor is a diversified precious, specialty and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
This release has been reviewed by John W. Fisher, P. Eng., a qualified person pursuant to National Instrument 43-101.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Information Contact
Edward Lee
President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
News is out. I also think this is a winner down the road
Been looking for a board that discusses Molycor I am invested in MOR.
111 Billion lbs magnesium, the TAMI-MOSI PROJECT news link
http://www.molycor.com/molybdenum-mining-properties-catch.php?newpage=10&property=8
Good to know thanks for the other tickers I will add them to my watch list. Good luck to you as well! I am playing IGXT right now drug approval expected somewhere around Nov 13th.
I did pull a .05 cent run of 80,000 shares a few months back but when time is right I'm going to load up. I think this will make a big run when they start putting out dates to mine it. Good luck to you. Hey have you seen there there company. American manganese AMY or AMYZF
I'm not but keeping my eye on it.
Are you invested in Molycor?
There spreading the word. Link
Dig Media Launches Magnesium Investing News
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Dig Media Inc. is pleased to announce the launch of Magnesium Investing News with launch partner Molycor Gold Corp. (TSX VENTURE:MOR).
Magnesium Investing News is the latest addition to a series of 30+ commodity-focused websites in the Resource Investing News network. Dig Media's sites educate and inform an audience of investors about what is influencing the markets, while providing branding and connecting opportunities for exploration and mining companies.
"Primary magnesium production in North America is solely dependent on one company and protected tariffs are in place on imported magnesium metal, both of which create an opportunity for Molycor Gold," said Molycor Gold President and Director, Ed Lee.
Magnesium Investing News will provide our investor audience insight into the macroeconomics influencing the magnesium market as well as specific insight into public companies exploring and producing magnesium.
Magnesium's status as the lightest of all metals may lead to it replacing aluminum in many everyday products and technologies. Scientific research companies and steel manufacturers are partnering to develop magnesium sheets for use in several products and technologies including the manufacturing of automobiles, aircrafts, hand-held electronics and bicycles.
The European Commission has added magnesium to its "critical" raw materials supply list that includes other metals and minerals under elevated risk for supply shortages, such as rare earths, cobalt and platinum group metals. Currently, 82 percent of global magnesium supply comes from China.
"The need for higher fuel-efficiency and lower emissions in the auto and aircraft industries has manufacturers looking to lighter-weight materials such as magnesium which is 33 percent lighter than aluminum," said Chris Smith, Publisher. Magnesium Investing News is home to original independent articles that will help investors understand the forces driving the magnesium supply and demand chain. Furthermore, investors will be kept up to date with regular magnesium market and company news.
Economically attractive opportunity to produce 30,000 tonnes of 99.9% pure magnesium
http://stockmarketsreview.com/pressrelease/2011/09/16/molycor-gold-corp-positive-preliminary-economic-assessment-study-for-tami-mosi-magnesium-project-filed-on-sedar/
If operations is a go on the tami-mosi, molycor gold is going to rocket.
http://www.marketwatch.com/story/molycor-gold-corp-positive-preliminary-economic-assessment-study-completed-for-tami-mosi-magnesium-project-2011-08-05-6150?reflink=MW_news_stmp
Once they start operations, this is going to jack. 111 billion pound of material, = $
Any of you guys invested in MLYFF?
Once they start the 50 billion LBS mining project, this stock is going to rocket. In do time they are going to be working on a major projects, and know they have a strong team to get them there.
something interesting for future demand of magnesium
future demand
thanks for the reply-
futr
China is producing 7/8 of world supply... Northern America has only one magnesium company... with higher demand (light alloys for cars etc and new technologies...batteries etc, ) magnesium will be a commodity with very positiv demand fundamentals... china will use more and more of it`s on production... but we should wait if the prefeasability study is positiv and the deposit economical...
I guess the future value in this company will be magnesium and manganese. Larry Reaugh considers a name change and a new concept for the company if the magnesium story works out...
So what's the skinny here?
Are people bullish on this stock,and if so why?
Couple questions come to mind:
How profitable might the margins on their B.C. mine be,and
what is the world magnesium supply/demand equation currently?
Thanks for your reply-
http://www.molycor.com/
futr
Molycor Gold Corp.: Good Gold Values at Windpass Property
Molycor Gold Corp.: Good Gold Values at Windpass Property
VANCOUVER, BRITISH COLUMBIA, Nov. 3, 2009 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/03/09 -- Mr. Larry Reaugh, Chairman and Chief Executive Officer of Molycor Gold Corp. (TSX VENTURE: MOR)(PINK SHEETS: MLYFF)(FRANKFURT: M1V) (the "Company"), is pleased to report the completion of the drilling and trenching program on the 100% owned Windpass Gold Property located 8 km east of Little Fort, British Columbia.
DRILL SUMMARY
The drilling program consisted of a total of 12 BQ thin wall diamond drill holes exploring the previously defined mineralized zones. This work included four holes (WP09DDH1-4) at twenty-five meter spacing along the east-west trending Weather Station Zone below the previously announced rock sample #WP09-AR-07, which graded 316,500 ppb AU (9.23 ounces per ton) (see news release dated July 27, 2009).
The drilling summary for the WINDPASS GOLD PROJECT is included in the following table.
Significant results (greater than 0.2 g/t Au) are presented for diamond drill holes WP09DDH 1-7 (ICP analyses are by Pioneer Labs, Richmond, B.C., reports 2092402, 2092420, 2092431). Note: Widths listed are very near to true widths. The holes were drilled normal to the plane of the veins and thus gave intersections representing the true widths of the veins. Five more holes have been drilled, logged, the core split and submitted for assaying. Results are pending.
--------------------------------------------------------------------------- Au AuDDH No From ft (m) To ft (m) Width ft (m) g/t opt-------- ------------------- ------------- ------------ ------ -----WP09DDH1 514.8 (156.91) 520.0 (158.50) 5.2 (1.58) 2.19 0.064---------------------------------------------------------------------------WP09DDH1 585.0 (178.31) 620.0 (188.9) 35.0 (10.67) 0.83 0.024---------------------------------------------------------------------------WP09DDH1 Incl. 585.0 (178.31) 590.0 (179.83) 5.0 (1.52) 2.32 0.068---------------------------------------------------------------------------WP09DDH1 695.0 (211.84) 725.0 (220.98) 30.0 (9.14) 0.46 0.013---------------------------------------------------------------------------WP09DDH1 770.0 (234.70) 775.0 (236.22) 5.0 (1.52) 1.69 0.049---------------------------------------------------------------------------WP09DDH2 485.0 (147.83) 524.5 (159.87) 39.5 (12.04) 0.43 0.013---------------------------------------------------------------------------WP09DDH2 Incl. 485.0 (147.83) 490.0 (149.35) 5.0 (1.52) 1.08 0.032---------------------------------------------------------------------------WP09DDH3 144.0 (43.89) 150.0 (45.72) 6.0 (1.83) 0.73 0.021---------------------------------------------------------------------------WP09DDH3 Incl. 144.0 (43.89) 145.0 (44.20) 1.0 (0.31) 2.65 0.077---------------------------------------------------------------------------WP09DDH4 195.0 (59.44) 201.0 (61.26) 6.0 (1.83) 0.65 0.019---------------------------------------------------------------------------WP09DDH5 263.8 (80.40) 286.0 (87.17) 26.2 (7.99) 0.31 0.009---------------------------------------------------------------------------WP09DDH5 301.0 (91.75) 306.0 (93.27) 5.0 (1.52) 15.85 0.462---------------------------------------------------------------------------WP09DDH6 6.0 (1.83) 11.0 (3.35) 5.0 (1.52) 0.21 .006---------------------------------------------------------------------------WP09DDH6 56.0 (17.07) 61.0 (18.59) 5.0 (1.52) 0.38 .011---------------------------------------------------------------------------WP09DDH6 147.0 (44.8) 149.0 (45.4) 2.0 (0.61) 19.65 0.573---------------------------------------------------------------------------WP09DDH7 25.0 (7.62) 30.0 (9.14) 5.0 (1.52) 0.36 0.011---------------------------------------------------------------------------WP09DDH7 42.5 (12.95) 43.5 (13.26) 1.0 (0.31) 0.30 0.009---------------------------------------------------------------------------WP09DDH7 50.0 (15.24) 53.0 (16.15) 3.0 (0.90) 0.27 0.008---------------------------------------------------------------------------WP09DDH7 107.0 (32.61) 112.0 (34.14) 5.0 (1.52) 0.43 0.012---------------------------------------------------------------------------WP09DDH7 157.0 (47.85) 162.0 (49.38) 5.0 (1.52) 1.06 0.031---------------------------------------------------------------------------
These results are considered to be encouraging and indicate that gold grades and widths generally considered economic are present in zones away from those previously work. The economic parameters of actually mining of this material are yet to be worked out.
TRENCHING SUMMARY
The property has eighteen gold zones (two of which produced 34,456 troy ounces of gold from 102,946 tons from 1933-1939). Prior trench sampling on three of the gold zones returned 36.94 grams Au/tonne (1.08 troy ounces/ton) over 0.58 meters (1.9 ft) and 44.97 grams Au/tonne (1.32 opt Au) over 0.10 meters (0.33 ft) on the North, Sleet and Weather Station Zones.
The trenching program consist of nine trenches for a total of 746 meters (2,448 ft) covering untested zones between the Windpass and the Sweet Home Mines. Partial Results are in and these are listed in the following table. Assay results for the first two trenches are listed, the remainder is pending. The initial results of the trench sampling are included in the following table:
--------------------------------------------------------------------------- Width ft (m) Au AuTRENCH No From ft (m) To ft (m) (True width) g/t opt--------- ------------------- ------------- ------------ ------ -----TRENCH 1 85.3 (26.0) 91.9 (28.0) 6.6 (2.0) 0.195 0.006S13 (1.1m true)---------------------------------------------------------------------------TRENCH 1 105.0 (32.0) 118.1 (36.0) 13.1 (4.0) 0.730 0.021S16-17 (2.2m true)---------------------------------------------------------------------------TRENCH 2 0.0 (0.0) 42.7 (13.0) 42.7 (13.0) 0.562 0.016S1-S7 (7.4m true)---------------------------------------------------------------------------Including 6.6 (2.0) 13.1 (4.0) 6.6 (2.0) 1.84 0.054T2, S5 (1.1m true)---------------------------------------------------------------------------
Widths listed are sample widths and do not represent true widths. Veins are dipping 30-35 degrees. The sample widths therefore are approximately 1.75 times the true widths.
About Molycor Gold Corp.
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration in North America.
This release was reviewed by Norman L. Tribe, P. Eng., a qualified person recognized under National Instrument 43-101.
On Behalf of Management
Larry W. Reaugh, Chief Executive Officer
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Molycor Gold Corp.
Larry W. Reaugh
Chief Executive Officer
604-531-9639
604-531-9634 (FAX)
info@molycor.com
www.molycor.com
Source: Marketwire (November 3, 2009 - 2:13 PM EST)
News by QuoteMedia
Followers
|
13
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
201
|
Created
|
11/03/09
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |