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No, I did not know that. There is a Blue Pearl which does Moly and there was a Black Pearl, which did gold and stuff and whose former Honcho, Mike Pickens did shuffle off this mortal coil, and now knocks rocks of nebulous strata on elysian outcrops.
I fingered that one was an outgrowth of the other. Apparently nought.
EC<:-}
Well if you like copper take a look at ETG on the TSX. It just got an Amex listing. (EGI)
EC<:-}
That is Blue Pearl v.ble on SI quotes.
The Yorke-Hardy deposit in Smithers, next to the ski hill.
I know some people like it. Supposed to have envi problems but this has not come to light yet. They may be able to mill outside the immediate area.
I know Knoll.
EC<:-}
I don't get any bre.v anywhere. What company are you talking about and what does it do?
EC<:-}
Send me all your money.
PAL -- hmmmmm this is north american palladium. Don't know their pit life, but pd is low price. long term hold if pit will stand it. Pt, and Pd headed back up over time I would think.
Orion been around with that Argentinan thingie for ages. Have not followed it for years. People talking about it on SI precious and base metals, probably because of the copper.
Another example of the Chinese widthdrawing supply. A Moly substitute.
http://www.investorshub.com/boards/read_msg.asp?message_id=7006384
A ton unit is 20 lbs or thereabouts. It is defined as 1% of a ton. So it depends on the tons used. A long ton unit is 22.4 lbs and a metric tonne unit is 22.04 lbs.
Price of tungsten indicated in this article is 11 dollars per lb I believe.
http://www.resourceinvestor.com/pebble.asp?relid=9691
Yes and communism even more so. All the former Soviet Bloc countries have serious pollution problems that only now are beginning to be addressed. Lake Baikal is heavily industrially compromised and present initiatives are trying to save the lake. Superior and the GL's have similar problems that I note few civil or state jurisdictions are paying much attention too. In the years to come I believe that projects like the St. Lawrence Seaway, an unnecessary construction if ever there was one, will be looked upon as great ecological disasters.
EC<:-}
Is this the olde Blacke Pearle?
EC<:-}
That process should be of interest to people with acid generating ores which uptake metal. No situation I am familiar with has this problem in spades however. I tend to stay away from those kind of ores.
I had heard of the company. What you will find is that most companies tend to stay away from patents as they have to pay for them, which kind of prevents them from calculating an in-house fixed cost to the problem.
Most companies could have paid for a catalytic solution to SO2 smelter off-gas and acheived a 99.7 % reduction by paying a dollar a ton for effluent. Instead they chose to say to legislators that such a solution did not exist (patented in 1958 by some U of T professors) and lobbied to pay for pollution levels in the 40% range. Inco even spent 100 million dollars on their own 90% reduction solution, far from superior to the one existing, and only acheived that after 35 years.
In that time, Inco would have spent $214,620,000 on patent fees (700 tons per hour SO2 for 35 years) and $75,000,000 on plant costs. But, they would have recouped 214,620,000 X 75 = $16,096,500,000.00 in Sulfuric acid sales (minus shipping) in that time @ 75 dollars per ton H2S04. (Or a multiple of that in fertilizer sales) They indulged instead in a long term program of false economics, that delivers markedly inferior pollution abatement, seemingly out of vanity alone. The same sort of attitude prevented them from taking a royalty in Timmins' richest gold mine, the Kinross 1060, because it would have meant giving a royalty to their arch-rival, Falconbridge.
EC<:-}
Well we had one tailings clean up op, that we explored last year. Gold. Didn't go much further on it. It requires more testing and metallurgy. Money really. I don't know if we could get that Tunsgten thingie going as there are a few problems with it. But if we did manage to find it a feasible operation it would be "cleaning up", alright.
http://www3.sympatico.ca/echarters/sylvanite.pdf
EC<:-}
Well the project has some merit. I don't know if it is being pushed in the right direction yet.
The only companies that interest me are companies with advanced exploration projects that are company builders, or projects that are integrated with a development scheme. I no longer follow to much pure drill-and-flip outfits. They can succeed with hugie discoveries but I find it usually to be the same old, same old.
There is still an element of excitement to the driller who has found something new. I guess they will always be with us. But a few of them seem to announce and then no matter how big and splashy their programs are (GIT, TYS) they seem to fade. The Arequipa formula seems to be hard to clone.
And then there are sudden price rises over fairly little news and loads of shares. As in Bear Creek (BCM)..
Then there are the full-press broker helium stocks with somewhat credible stories and/or hugie back in deals. CKG, Committee Bay etc..
And then drill and thrill, they might develop, like GUY etc.
How about 300 feet of 5% copper and they fade from sight? MSA ...
EC<:-}
I like tungsten. It is ten dollars a lb now for raw. I know where I can get at 1 million tons of 1% tungsten in tails and it floats. Been tested. Don't know how easy it would be to do, as it is a "dirty" operation, but that is 200 dollar ore just sitting there.
EC<:-}
Well, Roca has ore or at least a historical resource that is very high grade. Something like a million tons of 0.94% MoS2 and adit access to that. They have done drilling and it looks interesting. I was in the area when that was drilled off to the tune of 20,000,000 tons of 0.2% in about 1982. There was a big project by some major.
They sank this adit (horizontal tunnel) into the side of a major mountain and did umpteen feet of drilling. Up to 3000 foot holes with "JV super-drills" at 45 degrees up from the adit into the mountain peak. I was prospecting the valley floor nearby for gold, copper and lead zinc. Never saw the moly in the valley floor, but did see signs of other minerals.
One time during the exploration campaign a drill string was shot out of an uphole from hydraulic backpressure and was curled around the drift like so much spaghetti. Lucky no one was hurt.
I have spoken to the Roca people a couple of times and the consultants tell me they can get a mill and get fease on the smaller high grade core resource in about 6 months. I think it is a maybe. One one hand they told me they wanted to sell out. It is the kind of thing Endako would do as it has no envi problems and it is 8 times higher grade than Endako and it is a pure ore. Of course it is all bulk mining underground. It needs to be higher grade. I don't think they want to mine out the sweetner, though, if they wish to sell it.
I would take out a bulkie and ship it to raise interest. Don't know if they got the balls to do that.
EC<:-}
How about a tractor truck sized portable mill with trucks to
accept the tails and dump in permitted dump.
Innnnnaaresssin......
Yes it could be done. I beleive NASA did it to mine the Aluminum for the Spaced-Out Shuttle.
Believe it or not, you can do all sorts of things, like suck all the water out of the tails and heap them up dry. More expensive as it requires a vacuum pump, but it saves a lot on certain types of milling-permitting.
I think Quebec could work too, but I don't know if people will part with 15 million to prove me right.
I need to start out with a 20 ounce per ton gold mine in order to finance most mines I envision.
EC<:-}
Our Ontario stuff is not ready for prime time yet. We are looking at some stuff. Everything from 40 feet of 0.4% to some high grade shows with smallish tons. It could be done with a partner if we did it quick. A maybe again. There is a partner available. Who knows?
The Quebec stuff is only 0.40% calculated grade but it is 80-holes-drilled at 300,000 tons and it comes right to surface, absolutely no overburden and it is 30 feet wide. Trouble is, no mill in the area, unless you count one closed-down dolomite mill, which maybe, maybe could be restarted. Good people in the area would invest, but I don't know if the grade would support mining. After all is said an done there is perhaps 0.42 X 0.9 X 0.6 X 20 = 4.54 lbs moly at the smelter. That is 136 dollars CDN per ton return @ 29.75 dollar moly with a 5 dollar roasting charge. It is great for open pit mining if you have one million tons and a mill nearby you own. @ 15 dollars to mine and 15 dollars to mill and 5-8 dollars capex, it looks like a slam dunk. But would moly price hold for one million tons? We probably got more than that, but I am jittery about it.
The portal's a hoot. Old NWT gold mine we had an option on. It runs 5.83 ounces gold per ton for perhaps 500 feet deep but it perhaps only 40 feet long. Still there are near 25,000 ounces in it which could be mined quick and milled nearby. Assays to 11 ounces per ton gold. There is other stuff there too, running 1 ounce per ton nearby. But it was too tough to raise money on it. Nobody wants to do small high grade mining.
EC:-}
Any chance that these guys will get the fease that they were babbling about at the convention? They did dribble that they were going to get a fease and permits before December.
EC<:-}
All true.
We could be a U play. Kobalt blue too. but it takes money.
And we could a Iron play too. Maybe.
A multi farious gold play in many ways, production oriented too.
Know lots about diamonds, but opportunity is rare and pricey like the stones.
But an organization/man can only have so many facets.
I would hate to ask why I should be an ARS booster. I fear the answer might be intemperate.
EC<:-}
Who was that masked poster?
I gots a kvestion. Some 1 1nse asked me, what are the best
moly plays on the board today. Being incessentaly modest I could not say that we were, whoever we wuz, but I wondered to myself. What would I if I were a genius, say?
So wad aboud id? Wad are de best out dere?
Or at least a list of your immoderate prejudices and unabashed tout materiele.
EC<:-}
Understanding Moly Prices
http://www.siliconinvestor.com/readmsg.aspx?msgid=21496514
I have always admired a goldbricker.
EC<:-}
ARS turn around.
(Salacious Leer)
I love it.
EC<:-}
Geez, Great!
Two quick questions. How many miles per bale do they get and what is the top end?
OK. three. When do they show up on the showroom in North America?
EC<:-}
where dud u get that pickshur of me? It is a very early pickshur and I want to know how you broke into the vault.
They have landed.
Daimler's sales are predicated at 1000 in CDA. I estimate about 27,000 orders. Can be had for about 15K US. 35K loaded.
I can save you the trouble. Let's say your idea is export import and developing a shoe shine mine in Inner Tarzanistan. For only 230K more CDN dollars I can start one pubco myself. Give me half of that and I will sell you ten percent and sign a deal to take a 50% net carried interest in your mine through your subsidiary privco. Keep the privco in your brother in Law's name -- later we sell back the 50% participating interest for your shares -- you can then list when we dividend the shares to our 200 investors before listing. (Can't do this in a listed company) After listing we pop 100K in the privco which now has 200 shareholders in common with our listed company and Presto, instant pubco, you in control and we get our money to advance our own listing. The more cake you eat the more is on your plate.
EC<:-}
If you did not already know it, a good junior to watch on the CNQ that is imminently to become a producer (after twenty years on the TSE big board), is RMKL, Roxmark mines. They will be producing Moly and putting it through their own mill. They say that their earnings this year could exceed their current market cap.
http://www.cnq.ca/Page.asp?pageID=864&AA_RecordID=91&AA_FormType=Edit&ReturnID=874
The CNQ has grown. (30 companies or so now) It is so much easier to get on than the TSX and has cut red tape to the level where it will become much more popular to small and growing companies. TD Waterhouse, Latimer and Cannacord support it, and the company website is veyr good. It gives good information and visibility to all the companies, as well as trading information that allows people to find market makers easily. It is 100% superior to the old CDNX and is a real market unlike the NEX of the TSX Venture, which is just a parking place for shells. The president of the CNQ thinks it will have CDNX like volume within a couple to three years, which would mean perhaps 150 companies. The market is one bid, one ask, which means you can get in and out at the price, and allows multi market makers, which means competition for stock at the offer.
To get on all that is required is a property of merit, 150 investors. and the necessary cash and clean structure. The CNQ exchange is not interested in just shells. To list a company is perhaps 1/3 to half the time, and perhaps 1/2 the money of the TSX. TSX takes about one year 18 months from the get go to list a company. CNQ can be completed in 6 months.
http://www.cnq.ca
We may take Wildcat on the CNQ if we can drum up the money.
EC<:-}
Water flooding from the get go to get more intractible oil out of the ground, even in Arabia, is getting more and more popular.
In the case of the solution mining thing, it is said that it is least impactful (new mining term) in comparison to others which engender tailings. The only drawback is how much recovery there is from the solution. Is precipitation 100%? It can be fairly complete with active carbon filtration, but it is rarely 100%.
EC<:-}
It does look interesting. It need biggie money to investigate. But solution uranium mining has been around for quite a while. There are ongoing models for this.
EC<:-}
It is interesting that the Eldorado Uranium deposit on Lake Athabasca near Uranium City, is an IOCG type. It was mined for many years for its Uranium by Eldorado Nuclear, which is a CDN government company, not even a Crown Corporation, and the silver and copper where put into the tailings. I firget the name of the fault that goes through the mine. I did a mine tour underground and the fault was pointed out to me. It is merely a crack in the rock that you can run your finger along. You would expect a major fault like that to be a wide shear zone. At any rate the rocks I saw underground with their ochre hematite staining look much like rocks I saw at an Ontario Uranium showing which has an extensive associated EM signature.
EC<:-}
Marum was involved in the Southern AB diamond rush. The rush that went nowhere. What was known in AB was that there were Borneo-like Minette intrusives in the area, which could have been the source of diamonds in till, like the Minettes of Borneo were rumoured to be the source of diamonds on that Island. Minettes in theory can be a host for diamonds. On a side-note the supposed lamprohpyres of Wawa, Ontario which host ubiquitous diamonds are probably not lamprophyres of the Wawa regional type, but closer to a kimberlitic type of rock. Nicholas Rock of then UK likes to think of the ultramafic suite as a continuous related series whereas Mitchell of Canada says that the rocks are only spatially related and somewhat compositionally related but in important distinguishing characteristics, compositionally distinct. Nevertheless deep seated ultramafic rocks usually are the source of diamonds 90% of the time. Lamproites are an exception - a la the Argyle in Australia and the Crater of Diamonds in Arkansas.
Back to U308. I looked at the Hornby data a while back. They flew the area for "Wide window" EM in the time domain, similar to the Input system of Questor. Lots of basal sed formation conductors were found that may correspond to regolith type conductors that in similar sed basins to the Hornby, i.e. the SK basin, there are U deposits. As well Hornby has U occurences on the surface. Hornby is a classic sed basin with U potential. Exploring for U will be expensive in that deepish drilling, lots of targets, widespread geochem and fault hunting need be done. I am not aware how clear the faults are indicated by the EM, but they should show up. Some feel that the Hornby Basin is the last great thoroughly explored sed basin with U potential in Canada. I worked for SMDC in the basin in the 80's and did lots of boulder hunting with them. The trains that we found, that Hoffman got the benefit of later, were never followed back to source. There is much to do.
EC<:-}
You have to kiss the Zenda frog. It is a sleeping princess.
In fact I am not sure what they are up to. Probably reinventing the company. They will have something to say at the PDAC. They did drill at their Sudbury property. It is not like O'Connor not to promote.
I suspect they will have an announcement next week, but I cannot say that the suspicion is well founded.
EC<:-}
For god's sake man, you had spotted ars and now you have spotted arg.
What next?
A single spot in CMTRY?
That would be grave.
See a doctor before it's too late.
We will all chip in for the necessary drugs.
You may have to be fitted for a prosthetic wallet and take monetotherapy.
Idiotherapy too.
EC<:-}
I wish I had spotted ARS earlier
At least you will admit it. If I had that condition in my youth I would have stopped playing around and become a sober industrious person too.
EC<:-}
That report is a good overview of the usage and prospective future demand of moly metal. I recommend an eye to scan it. Some may have indicated that they doubt that moly can sustain its recent charge in the world of metal prices.
This report points out the aspects of modern demand and continued growth that in the light of developments in the industrial growth of Asia augurs for a steady state demand for the metal that along with dwindling supply factors has not hitherto been factored into historical price structures.
EC<:-}