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Rock and Roll :>)
GOT URST ? I'm getting RICH !!!!!!!!!!!!
Are Specialty Metals Next In Super Cycle?
In the past few months we have seen how the rising precious and base metal prices have positively affected the future of several well known mining companies. Some of these companies were scrambling to save themselves as profits disappeared and unsustainable debt dragged them down. It appeared as if they would be seeking bankruptcy protection. What a difference a few weeks makes, some of these companies are now returning 2 to 9 times their money for those contrarians that bet on a sustained rise in metal prices. "We are now in the tenth month of the second leg of the super bull market in metals which should be sustained for at least three more years before a major correction."
As the Western world fights to avert a major recession, China almost single handed increased the demand for metals. We have yet to feel the effects of infrastructure build-out in the U.S and Western Europe. When and if the build-out and replacement of infrastructure begins, the appetite for metals will rapidly accelerate. Stockpiles of commodities on the LME are increasing with copper being the only commodity to shrink rapidly. The copper price has doubled since November, 2008 to $2.70/lb and LME warehouse stockpiles have halved since March, 2009. Zinc, lead and nickel are near double from their prior lows even though LME stockpiles have moved up since March, 2009. It would appear that large speculators are once again influencing the metal price direction.
Aluminum stockpiles continue to increase dramatically as shown by the following chart:
Metal commodity price strength has also brought idled production back on as well as increased the ability to restructure debt.
Bought deal financings continue at a lesser degree than previously as most of the advanced producers and projects have been financed for billions of dollars. This is good news for those companies with smaller deposits of gold and base and specialty metal projects of merit. More juniors are able to finance even during the summer months, where it was almost impossible earlier in the year. At this time there is a much greater amount of money sitting on the sidelines than has entered the market in the past few months. Good projects will continue to be financed over the next few months as commodity prices will eventually break their previous highs and corrections, even major corrections, will make much higher bottoms than the 2008 bottoms. The metal prices improvements from my March 30 letter is dramatic and is evidenced as follows:
Even though China does not recognize the benchmark of a 33% reduction in iron ore prices, it is pretty much a foregone conclusion that they will not get the reductions they desire.
This will swing the focus on specialty and critical metals which follows the fortunes of the steel industry. In my March 30 letter I mentioned that molybdenum followed closely on the heels of copper prices. Since March 30 the price of molybdenum has doubled from $8.00/lb to over $16.00/lb. As molybdenum leads the way other specialty metals will strengthen in price. It is my belief that as "Moly" (molybdenum) became the darling of the investment community in 2007, specialty metals will become the investment of choice in late 2009 early 2010. Over the last several decades those metals were the sole domain of major miners and very little was known about them until recently. In some cases during the last run up specialty and critical metals such as moly and manganese accounted for a large portion of these majors' profits. Specialty metals include molybdenum, manganese, magnesium, niobium, cobalt, chrome, tungsten, vanadium, etc.
Why these metals will become the darlings are as follows:
1. China is the major producer of these metals and has imposed export duties;
2. Other producers such as Russia and India have announced that they will impose similar duties;
3. Most countries consider these metals strategic and in the case of manganese, critical. You will not have a steel industry without it, as a combination of iron and manganese is required to produce steel.
4. Western Europe has begun serious discussions on stockpiling these metals in the near future. The United States cannot be far behind.
5. There will come a time when China's appetite consumes these metals internally and the rest of the world will suffer without them. Examples of these are electrolytic manganese where China produces 95% of the world supply and magnesium where China produces 78% of the world supply.
The metals I watch are the "THREE M's": Manganese, Molybdenum and Magnesium. Production and prices are as follows:
It was only five years ago that very little was known about molybdenum (moly) and today it is almost as well known as precious and base metals, having moved from one company developing a moly project in early 2004 to several hundred companies today. The same statistics exist today in manganese/magnesium explorers and developers around the world.
Major companies dominate the exploration and production of the "Three M's" and have done so for decades with little fanfare on discovery or reports on profits, although molybdenum and manganese have been huge contributors to their bottom line. Some of the attributes of these metals are as follows:
Molybdenum: A high demand specialty metal that strengthens and has high anti-corrosive abilities. Used in all aspects where strength and anti-corrosion elements are required. Large usage in nuclear power plants, oil and gas pipelines, drill steel and saline plants.
Manganese: 90% of its usage is in the manufacture of steel. For every tonne of steel, 10 to 20 lbs of manganese is required; this makes it a critical rather than a specialty metal. Manganese is the fourth largest produced metal at 29 billion pounds behind iron, aluminum and copper. The western world produces less than 5% of electrolytic manganese.
Magnesium: The fastest growing demand for magnesium is the automobile industry where recent studies have it replacing plastics for strength, cost and weight. China produces 78% of the world's magnesium.
As the demand for iron and steel continues to rise, so goes the demand for these specialty and critical metals. A handful of junior companies are active in the exploration and development of manganese and magnesium, similar to molybdenum in 2004. I predict that within two years they will be numbered in the hundreds.
The Super Cycle is a metal commodity bull market which will last for over 30 years. As India begins to play catch-up with China, the impact can only push commodity metal prices higher as these two mega countries come into the twenty-first century. There will be major corrections along the way but the Super Bull will remain intact as the transfer of wealth moves from the west to the east. Gold more than ever will become the currency of choice and necessity.
In conclusion, from time to time, I'll be updating this article, and if you'd like to receive those updates, please send an email to: lwreaugh@rdminerals.ca.
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All the best with your investments,
PINNACLEDIGEST.COM
I now own 275,000 shares of URST :) Going to make some serious $$$$$$ the 70k I bought at .024 are looking really good :)
I called the transfer agent. 702 361 3033 The outsatanding shares are less than 100,000,000
I called the transfer agent. 702 361 3033 The outsatanding shares are less than 100,000,000
I was just now on the phone with investor relations...1 866 566 0936 They told me the outstanding shares are 90 million....The News today is from phase one test results and are in the filings....Phase two results should be out in the near future.
The A/S is 400 million not the O/S you better look closer
americano....ROFLMAO
I have a September Issue of the American Speculator. Says current price under .50 near term target $3.00
I bought in last week 24.5 and .25
Information I found
West Timmins Intersects Gold-Silver Mineralization at Yoquivo; El Indio Surface Discovery Yields 33.50 g/t Gold, 3,230 g/t Silver
(Vancouver, June 12, 2007) West Timmins Mining Inc. (TSX: WTM) and partner Gold Mountain Exploration Corp. (OTCBB: GMEX; formerly Konigsberg Corporation) announced today that initial drill testing of the Yoquivo Project has intersected multiple zones of silver-gold mineralization. Surface mapping conducted during the on-going drill program has also identified two new, high-grade gold-silver mineralized vein systems. The Yoquivo Project covers the entirety of the historic Yoquivo Mining District and is located 35 kilometres southeast of the recently opened Ocampo Gold-Silver deposit in the heart of the Sierra Madre Gold Belt.
Vein and Stockwork Silver-Gold Targets Intersected
Three diamond drill holes have now been completed on the Yoquivo Project. Hole Y07-01 targeting the El Gambusino vein returned 289 g/t silver and 2.18 g/t gold over a 70 centimetre width at a vertical depth of approximately 32.00 metres. A second zone of anomalous silver-gold mineralization was intersected deeper in the hole (Table 1).
Diamond drill hole Y07-02, collared 590 metres northeast of Y07 -01, tested the southern end of the Muralla trend. Muralla is a silver-gold mineralized quartz stockwork zone developed over widths of 5 to 40 metres. Hole Y07-02 intersected a quartz stockwork zone and anomalous silver and gold over 27.50 metres. The core of this zone returned 12.00 metres averaging 40.18 g/t silver and 0.15 g/t gold.
Drill hole Y07-03 targeting the northern portion of the Muralla and the La Nina mineralized trend has been completed and results are pending. The 3,000 metre Phase 1 drill program will also target extensions to the high-grade San Francisco mine (historically reported production grade of 10.90 g/t gold and 1,120 g/t silver) and other mineralized structures including the recently discovered El Indio system (see below).
Hole From To Interval Gold Silver
No. (Metres Down Hole) (Metres Down Hole) Metres g/t g/t
Y07-01 41.10 41.80 0.70 2.18 289.00
185.75 188.40 2.65 0.41 32.68
Y07-02 102.00 114.00 12.00 0.15 40.18
Table 1: Drill Intercepts, Yoquivo Project – intervals are interpreted to represent 115-120% of true thicknesses.
High Grade Surface Mineralization at El Indio, Lucero
Geological mapping has identified two new gold-silver mineralized structures. The El Indio vein-breccia system is located 250 metres east of, and parallel to, the historic San Francisco mine trend. Eight grab samples collected over 270 metres along the strike of this vein-breccia system returned values ranging from 0.544 to 33.50 g/t gold and 39.1 to 3,230 g/t silver (see maps at http://www.westtimminsmining.com/main/?yoquivo).
The Lucero occurrence is located 350 metres west of the western-most mineralized trend previously identified on the property. Three grab samples collected from historic workings on this structure returned an average grade of 10.63 g/t gold and 169.6 g/t silver. Initial drill testing of the El Indio system will be included in the current drill program and systematic sampling will be initiated in the Lucero area.
West Timmins Mining is the operator of the Yoquivo Project. Subject to an Option Agreement dated May 31, 2006 Gold Mountain may earn an initial 50% interest in the Yoquivo Project by making cash payments of US $200,000 (received), issuing to West Timmins 1,000,000 common shares (received) of Gold Mountain, funding US $1,000,000 in exploration expenditures on the property over a 24 month period (US $273,673 funded to date) and making all cash payments required by West Timmins to the underlying property vendor.
Quality Control and Assurance
Geochemical results reported herein are from halved drill core and grab samples collected from surface on the Company’s Yoquivo Project. Core sampling is conducted on site by trained personnel and sealed samples are transported to ALS-Chemex’s preparation facilities in Chihuahua, Mexico by employees of consulting firm Minera Cascabel S.A. de C. V. on behalf of West Timmins Mining Inc. The remaining half of the drill core is stored in a secure facility on the project site. Grab samples are sealed on site and similarly transported.
All samples were assayed for gold by standard fire assay- ICP finish with a 50 gram charge. Samples additionally underwent 34 element ICP-MS analysis. Gold values in excess of 3.00 g/t were re-analyzed by fire assay with gravimetric finish for greater accuracy. Silver, zinc, copper and lead values in excess of 100 ppm, 1%, 1% and 1% respectively were also repeated by fire assay. For quality control purposes blank and analytical control standards were inserted into the sample sequence at regular intervals – no discrepancies are reported. Mr. Darin Wagner (M.Sc., P.Geo), the Company’s President, has acted as non-independent qualified person for this news release.
About West Timmins Mining Inc. – (www.westtimminsmining.com)
West Timmins currently has five active drill programs, completing a minimum of 35,000 metres, on its exploration projects in the Sierra Madre Belt of Mexico and in the Timmins Gold Camp of Northern Ontario. West Timmins is focussed on the exploration and development of district-scale gold projects in the major gold camps of North America. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
-30-
On behalf of the Board of
West Timmins Mining Inc.
“Darin W. Wagner”
Darin W. Wagner, P. Geo.
President and Chief Executive Officer
For further information contact:
Darin W. Wagner, President & CEO
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: info@westtimminsmining.com Elaine Einarson, Manager Corporate Development
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: eeinarson@westtimminsmining.com
http://www.westtimminsmining.com/main/?newsReleases&119
OK. I'm In eom
Yes, let's hope something good comes out
I'm happy too...need it to go over .014 to make a profit
My divy shares are gone too as of today.
As soon as is practicably foreseeable, we will release the financial documents for all to see, as promised. For we have nothing to hide, as always. And we have no desire to hide "all of that nothing."
Here are the numbers !!!!
During the 12 months from June 1, 2005 to May 31, 2006, Sulja Brothers Building Supplies had revenues of $63,047,611.00. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69.
During the 12 months from June 1, 2005 to May 31, 2006, Sulja Brothers Building Supplies had revenues of $63,047,611.00. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69.
All Is Well :)eom
ALL IS WELL
Janice, how old are you ? I have seen your pic guess that helps your bashing.....ROFLMAO
IMHO
Janice, Do you really think anyone wants to hear your bashing lol
jmo
Janice Shell...End Of Story.....
Woho Is she
JMO
ALL IS WELL
IMHO ;)
Your response said it all...Your boos needs people to sell
JMO
Janice, Janice, Janice Oh how good you are at twisting words...
JMO
ROFLMAO.....Willy knows....Janice has a boss
jmo
Bashers have been bashing all the way up LOL...Shorts need shares...
jmo
Janice, who are you working for ? Will you and your boss make more money if people sell ?
jmo
ALL IS WELL, you belive or don't believe...flipping is working with SLJB for now....But might not be the case much longer.
JMO...........Holding Long
Janice needs people to sell,
IMO
just got 60,000 .14
Have order in for 60,000 .135 no fill yet
lucy, Do you really think people will fall for that Bash ?
lucy, Do you really think people will fall for that Bash ?
ARET looking good :)
Hope 1 million shares will make me a nice chunk of $$$$$
.001 will be here before you know it :)
imo
I see .01 as a year end goal..The spikes will happen to this figure,but I'm talking about a stable price range..This is very achievable and when one looks at the competition and their growth earnings,one can only imagine the huge potential for BKMP..I'm not talking about a run here and there..We will get our runs and the one that is forming currently will set us up for a huge spike,but the true potential can only be determined after consideration is given to the O/S verses Market Cap.
from Varok's post
picked up more at .0007 :)