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Shkinferd,
you are not the only one that got burned in the pennies.
I've made lots of $$$$ in real estate (got out just in time) and then invested it in stocks. My blue chips suck, my 401 K sucks and my penny picks suck, with the exception of SRSR.
Marry SRSR and dump the others!
Syracuseo,
This is the agreement with Teck. It has more to do with Hudson's diamond mines than its tantalum and niobium properties.
Hudson Completes Conversion of Teck Debt to Equity
Wednesday November 19, 2008, 4:42 pm EST
Yahoo! Buzz Print VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2008) - HUDSON RESOURCES INC. ("Hudson") (TSX VENTURE:HUD - News) is pleased to announce that it has completed the issuance of 5,000,000 shares, equating to a value of $0.40 per share, to Teck Cominco Limited in consideration for Teck extinguishing the $2,000,000 bridge loan which it had provided to Hudson on July 4, 2008. The shares have a four month hold period that expires March 6, 2009. The transaction, which was announced on November 5, 2008, was accepted by the TSX Venture Exchange on November 6, 2008.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
Can you share your info regarding Teck agreeing to enter into an equity sharing agrement with Hudson?
Hudson's shares going up by 52% to .19 sounds good too.
What comparison's can be drawn regarding the reserves that Hudson has as compared to SRSR's unproven reserves?
Thanks.
This has been another productive week for SRSR. We have more core samples drilled and ready for shipment to the lab for analysis.
SRSR continues to update us and post videos and pictures of the drilling at Lake N. Dr. Keevil, SRSR's CEO, keeps us informed and has kept his word regarding where the company is headed.
Like everyone else on this board, I'm looking forward to receiving the lab results, to more drilling and to a rise in the pps. 2009 will be an awesome year for SRSR.
That can be arranged. If you give me 100 SRSR shares I can "off" dumbass and you can fill his vacant position.
There's no law against thinking about offing fictional dwarf characters on I-Hub.
Sadly, in the American version of Snow White and the Seven Dwarves, the dumbass character is found at the bottom of the lake frozen. Looks like the bears got to him first, though.
Seems like Dopey and Grumpy took him on a walk around Lake N.
Ya, ya, we is down with that:
Schneewittchen und die sieben Zwerge (Originaltitel: Snow White and the Seven Dwarfs) ist der erste abendfüllende Zeichentrickfilm der Walt-Disney-Studios aus dem Jahr 1937, dem das Märchen Schneewittchen der Brüder Grimm zugrunde liegt. Er bildete aufgrund seines großen Erfolges den Grundstein für eine Vielzahl von weiteren Familien-Zeichentrickfilmen aus dem Hause Disney.
And the the names of the Seven Dwarves are:
Bashful = Texas Ripper
Doc = jims
Dopey = homey-g
Grumpy = OntaREEo
Happy= nightroads
sneezy= oilcan
Dumbass= Mooj
Yes, its a song from a Walt Disney movie called Snow White.
Go to youtube.com and enter "hi ho its off to work we go" and you will hear the song. Please sing along.
Since the Junior Mining I-Box features the 7 dwarves (Texas Ripper, Oilcan, Jims, Nightroads, OntaREEo) going off to work in the mines, and since we have core samples going to the lab, and since we need a Snow White to complete the picture............
Very interesting.
WAMU will get $55 mill. On December 18th, a hearing will be held to see if anyone has any objections to the $55 mill going to the BK Ct. More money for the creditors to argue over.
I had given up on this one. But, you never know.
Interesting article about cellulosic ethanol production and the Dept of Energy's providing funding. I wonder if BLDV got some of these funds??????????????
BlueFire Retained by Ubiex, Inc. to Design Cellulosic Facility in South Korea
IRVINE, Calif.--(BUSINESS WIRE)--BlueFire Ethanol Fuels, Inc. (OTC: BFRE.OB), a leader in cellulosic ethanol production technology, today announced that Ubiex, Inc. has signed a Professional Services Agreement (PSA) with BlueFire to develop a cellulosic ethanol facility that will be located in South Korea. BlueFire will provide the preliminary engineering design package and technical support for the proposed South Korean project.
“The PSA that BlueFire signed with Ubiex represents the first of many international consulting agreements that BlueFire will execute during the coming years and further validates BlueFire’s model of cellulosic ethanol production via its patented Concentrated Acid Hydrolysis technology. By providing a viable cellulosic ethanol solution for countries that are agrarian-based or have significant cellulosic residue that can be converted into liquid fuels that offset the countries’ import of energy and secures its energy future, BlueFire remains well-positioned for long-term sustainability and international growth,” said Arnold R. Klann, President and CEO of BlueFire Ethanol.
About BlueFire Ethanol Fuels
BlueFire Ethanol Fuels, Inc. was established to deploy a commercially ready, patented, and proven Concentrated Acid Hydrolysis Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a viable alternative to gasoline. BlueFire is the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues.
BlueFire is one of four ethanol companies awarded funding from the U.S. Department of Energy to construct ethanol production facilities. Unlike remote corn ethanol production plants, BlueFire’s biorefineries will be located in markets with the highest demand for ethanol. This dramatically reduces delivery costs and increases biofuels supply, while providing a unique waste processing technology that helps cities better manage the problem of overflowing landfills. For more information, go to www.BlueFireEthanol.com.
Sung to the tune of Snow White and the Seven Dwarfs song:
Featuring Goforthebet as Snow White
Hi Ho
It's off to the lab we go
To get analyzed and digitized
And make SRSR some dough!
Hi Ho Hi Ho , Its Off To Work We Go!! Song Lyrics
by Snow White And The 7 Dwarfs
Hi Ho Hi Ho , Its Off To Work We Go!!
We did dig dig dig dig dig dig dig
In our Lake N mine the whole day through
To dig dig dig dig dig dig dig dig
Its what we like to do
SRSR aint no trick
To get tricks click
If ya dig dig dig
With a shovel or a stick
In the Mines (Echo: In the mines)
LOUDER: IN THE MINES(echo: IN THE MINES)
Where a million REE's
LONG: Shhhiiinnnneee (shine)
We dig dig dig dig dig dig dig dig
From early mornin' til' night
We dig dig dig dig dig dig dig dig
Up everything in sight
We take our time
Then find some more Niobium and tantalum
There's thousands to be sometime born
And We dont know what we dig them for
[ Snow White And The 7 Dwarfs Lyrics are found on www.songlyrics.com ]
We dig dig diga dig dig
Will bring some fine California champagne. What four star hotels do they have in Chapleau? Or are we camping at lake N?
Article from Mineweb.com
GOLD, URANIUM FEATURE HEAVILY
Best performing mining stocks around the globe
Celebrating 20 selected mining stocks, at the top of the list of “best performing” mining stocks across the planet.
Author: Barry Sergeant
Posted: Thursday , 11 Dec 2008
JOHANNESBURG -
The world's top 100 mining stocks may have surrendered a combined USD 1.7 trillion in market value this year, from peak prices, but the strong recovery during recent weeks has seen a bounce of no less than 52% from "the bottom of the trough". While the combined value of the top 100 mining stocks has increased from a low of USD 495bn to USD 756bn, individual stock performance has varied widely.
Mining stocks specialised in producing nickel, diamonds, zinc, silver, tin, copper and platinum remain deeply mired in the swamplands. At the other end of the scale, the world's "best performing" mining stocks are dominated by gold diggers, along with a few uranium names, and the odd stray from other sectors. This may hardly be surprising, given that the price of dollar gold bullion has fallen only around 25% from its peak, compared to losses of 60% and more for the likes of crude oil, platinum, copper and nickel.
While the relationship between the pricing of specialised mining stocks and commodity prices remains common cause, choices of individual stocks always demands a great deal of finesse. Thus, while Tier II gold stocks - such as Eldorado - rank as the best-performing subsector within gold names, there are a number of Tier II gold stocks that are now trading at more than 80% below high prices, such as Centerra, Peter Hambro, Golden Star, New Gold, and even more than 90% down, as in the case of High River.
JSC Polymetal, also a member of the Tier II gold group, may at first glance rank as the best performing gold stock overall, but it has risen from a terribly low base, given the especially savage sell off in Russian stock markets. Russian general equity indices have so far provided one of the best "bounces" from recent bottoms, up around a quarter from lows, more or less matching the best bounces across the planet, as seen in China, Mexico, Brazil, India, Indonesia, Poland, Hong Kong and South Korea.
Staying among gold stocks, and applying wider metrics, there is little to compete with the price returns from Tier I member Kinross, with its standing market value of USD 10.8bn, relatively low price volatility, and the ongoing mantra of continuing a quantum conversion from an old, declining high cost producer, to a low cost one with highly attractive growth curves going forward.
On pure stock price performances, however, Kinross has been outpaced by four other gold diggers, Western Goldfields, Aurizon, Eldorado, Zhao Jin, and also JSC Polymetal.
There is a appealingly broad geographical spread represented by the top performing gold stocks, from Western Goldfields (western US), to Hong Kong listed Zhao Jin, two Canada-listed African gold miners, Red Back and Semafo, and three Tier I transnational names, AngloGold Ashanti, Harmony, and Goldcorp.
Back to the overall global mining sector, it's probably fair to say that uranium developer Hathor Exploration ranks - currently at least - as the best price performer of them all, given a cut off of stocks with a market value of at least USD 100m. With a relatively modest market value close to USD 200m, Hathor's performance is heavily based on highly encouraging results from its Midwest NorthEast project, in the Athabasca basin in northern Saskatchewan, adjacent to the joint venture Areva-Denison-OURD Midwest deposit. The Athabasca basin hosts the world's highest grade uranium deposits, not least the McArthur River and Cigar Lake mines, in the stable of Cameco, the world's biggest uranium miner.
There are other uranium names among the world's top performing mining stocks: Namibian uranium developer Extract Resources (36% of which is held by London-listed Kalahari Minerals), in which Rio Tinto, a major uranium producer, recently bought 13% stake. Earlier this year, Niger Uranium acquired a 17% stake in Kalahari Minerals. Rio Tinto is also the majority stakeholder in ERA, another uranium producer and one of the world's top 20 performing mining stocks. Forsys, another Namibian uranium name, is also a top performer, but ranks as a special situation, subject as it is to a takeover bid.
Beyond gold and uranium stocks, the world's selected top 20 best-performing mining stocks also includes Hong Kong-listed Hunan, a diversified metals player; debt-free Australian coal miner New Hope, Uralkali, the Russian potash coal miner, and London Mining, with interests in coal and iron ore, and lots of net positive cash on its balance sheet.
A SELECTION OF 20 TOP PERFORMING GLOBAL MINING STOCKS
Stock
From
From
Value
price
high*
low*
USD bn
Hathor Exploration
CAD 2.84
-35.5%
524.2%
0.187
JSC Polymetal
USD 3.45
-65.0%
245.0%
1.087
Western Goldfields
CAD 1.57
-62.0%
214.0%
0.171
Aurizon
CAD 3.40
-37.4%
181.0%
0.401
Eldorado
USD 6.13
-34.4%
157.6%
2.245
Hunan
HKD 1.13
-80.7%
182.5%
0.238
Zhao Jin
HKD 5.21
-75.7%
180.1%
0.294
Uralkali
USD 9.30
-88.5%
194.3%
3.951
Kinross
USD 16.31
-40.5%
138.1%
10.748
Red Back
CAD 6.50
-29.7%
127.3%
0.978
Extract Resources
AUD 1.16
-21.6%
110.9%
0.163
Alamos
CAD 7.13
-15.1%
103.7%
0.545
Semafo
Yes, Professor Downsideup has many valuable insights and great posts.
I agree with you OntaREEo, 2009 will be a super year for SRSR and us.
Once the pps hits .06, I want to take a trip up north with you guys to Lake N. to see the property and meet with Scott.
What do you think? Perhaps we can lure Goforthebet away from the island paradise for this trip.
D
Sumisu, do you know when CC released its NI43-101?
Any idea why the pps dropped off recently?
Why do you say dat?
Yup, that's what it is, saying dumb ass things in order to get a rise from the rest of us.
But, s/he, it, can be funny. Like when it posted all I see is a bunch of guys standing in front of trees.
Where are dem drills? Where dat nobium at?
Great story.
One could be eaten by wild bears up there at Lake N not to mention disappear in the adit or just freeze to death in Lake N. I'd hate to be walking on frozen ice after a night of drinking.
Hopefully, Scott is not doing any of the above.
I think that interested "persons" should visit Lake N and see the progress of the drilling for themselves.
You and homey_g should take mooj and other parties up north the next time you meet with SRSR management.
Please be careful not to fall into freezing Lake N or down the adit.
We would want all of you to return home safely. Did I mention the wild bears.
Lab results = Higher PPS
What will bring in new buyers/investors are lab results. It's just a matter of time and we need to be patient as Scott and crew are doing all they can to execute.
We are drilling and moving closer to our ultimate goal everyday.
I tried to delete the Moretaxes post that you reference, but couldn't, because the I-Hub mods had reviewed and restored it back onto the board.
That post was clearly off-topic and rude.
You are a new poster on this board and not familiar with mining stocks or with SRSR.
Dilution is not going to happen here as SRSR has a property that will be valued very highly. Wait for the lab results and the issuance of a National Instrument before you make unfounded statements about this company.
Are the samples at the lab? Or will they collect more before sending them over?
seems pretty lame to me.
What's with the .0065 bid?
Meaningless chatter and so called momentum translates into scamming newbie investors into buying shares that are worthless.
SRSR is one of the few legitimate penny stocks on I-Hub. Shareholders can communicate with management. The company has a business plan that they are implementing and now....we have drilling....and core samples. Next we will have lab results.
Try Zecco. 10 free trades with a minimum account balance of $2,500.
$4.50 per trade after the free 10 trades. If you sign up, tell em I referred you and I get $65. They are great with penny stocks.
Hey homey_g,
What's the scoop with the new pics? What can you tell from that core sample?
Thanks,
D
GOLD MAY BE THE EXCEPTION AND INVESTOR CASH RESERVES ARE HIGH
Top Canadian resources investment strategist warns miners of nasty quarter ahead
The global mining industry must forget about recent highs in resource prices, MacKenzie Investments Frederick Sturm advises, because “they will not be seen for years.” However, gold may be the exception.
Author: Dorothy Kosich
Posted: Friday , 05 Dec 2008
RENO, NV -
One of Canada's top investment strategists warned miners attending the Northwest Mining Association conference Thursday "that this quarter is going to be even nastier than people are thinking and the first quarter will be worse."
In an industry outlook speech to the NWMA conference in Reno, Frederick Sturm, executive vice president and chief investment strategist for MacKenzie Investments, noted that the mining industry has come down hard, will snap back, and then come down hard again. "Do the deals that you need to be done quickly," he urged mining companies.
The good news for miners and explorationists during the global economic crisis is that investor cash reserves are as high as they have ever been and will be looking to get reinvested, he explained.
Unfortunately, Sturm also warned, "The window for you to get capital is going to be very hard or the gate shut for quite some time."
Sturm, who manages the Ivy Global Natural Resources Fund in the United States, outlined several factors that are shocking commodities and resource stocks including:
1. General broad market re-pricing of risk
2. Extra concern about slower economy and deleveraging
3. Emerging markets not strong enough yet to "go it alone." Dislocation of currencies, local banking and letters of credit will take time to ease.
4. Forced and voluntary liquidation of broker/bank hedge position. Commodity index blanket selling is not differentiating between commodities.
5. Ability to short never has been easier. Strong balance sheets should, in time, help rebuff bear raids.
6. Electronic trading algorithms set to "participate", become price indiscriminate and add to volatility in thin markets.
When the U.S. dollar starts to ease again next year, Sturm predicted the gold price will experience another run.
Nevertheless, Ivy Global Natural Resources price forecasts revealed by Sturm Thursday are not especially encouraging for the near-term future of metals and minerals: Copper $1.60/lb; nickel $7.50/lb; moly $10/lb; gold $800/oz; uranium $60; silver $13/oz; platinum $1200/oz; iron ore fines $55; coking coal $150; and aluminum $1.10/lb.
Sturm forecasts that the long-term outlook for resources will remain solid. Fiscal policy efforts to stabilize financial system will succeed in averting depression conditions. He is particularly enthusiastic that the world's central banks "are all sailing in the same direction."
The mining industry must forget about recent highs in resource prices, Sturm advised, because "they will not be seen for years." Nevertheless, he added, "gold may be the exception."
Low cost miners will remain profitable, while high-cost mining operations "will be strangled by lack of access to capital," he warned. Nevertheless, "good companies should come through" the current global financial crisis.
He urged mining companies to exercise supply discipline. "Produce what your clients need, less one tonne. This will be key in maintaining profit margins and shortening the recovery cycle," Sturm advised, urging mining companies to focus on their profit margin, not recovery.
Sturm had praise for mining companies, such as Freeport-McMoRan Copper & Gold, who are "facing reality, shelving projects." Honored as the Canadian Investment Awards' Fund Manager of the year, Sturm advised miners to not be discouraged by the "guys that are selling who just discovered natural resources a year and a half ago."
He remains bullish on the demand for metals by developing economies. "Too many people in the world still want a better life," Sturm said, noting that China's expected urbanization in 2025 presents "several challenging years, decades of opportunities" for miners.
Meanwhile, as India plans to spend US$1.5 trillion on infrastructure over the next 10 years, the country must consume more energy and more materials that will come from the global mining industry, he noted.
Sturm advised that a lack of major minerals discoveries suggest a return to the metals and minerals surplus of the 1980s and 1990s is unlikely.
The top four holdings of the Ivy Global Natural Resources Fund (IGNAX)--which managed $10 billion in assets before the global financial crisis hit--include Brazilian Petroleum Corp., PotashCorp, Gazprom, and Petrohawk Energy.
SRSR's core samples may reveal the presence of REE's. These REE's will have a positive impact on SRSR's share price.
What exactly are Rare Earth Elements?
Rare earth oreAccording to IUPAC, rare earth elements or rare earth metals are a collection of seventeen chemical elements in the periodic table, namely scandium, yttrium, and the fifteen lanthanoids.[1] Scandium and yttrium are considered rare earths since they tend to occur in the same ore deposits as the lanthanoids and share similar chemical properties with them.
Discovery and early history
Rare earth elements became known to the world with the discovery of the black mineral ytterbite (also known as gadolinite) by Lieutenant Carl Axel Arrhenius in the year 1787, in a quarry in the village of Ytterby, Sweden.[2] Many of the rare earths are named in honor of the scientists who discovered or elucidated the elemental properties, geographical discovery, Latin or Greek, or mythology:
Name Etymology
Lanthanum from the Greek "lanthanon," meaning I am hidden.
Cerium for the Roman deity of fertility Ceres.
Praseodymium from the Greek "praso," meaning leek-green, and "didymos," meaning twin.
Neodymium from the Greek "neo," meaning new-one, and "didymos," meaning twin.
Promethium for the Titan Prometheus, who brought fire to mortals.
Samarium for Vasili Samarsky-Bykhovets, who discovered the rare earth ore samarskite.
Europium for the continent of Europe.
Gadolinium for Johan Gadolin (1760-1852), to honor his investigation of rare earths.
Terbium for the village of Ytterby, Sweden, where the first rare earth ore was discovered.
Dysprosium from the Greek "dysprositos," meaning hard to get.
Holmium for Stockholm (in Latin, "Holmia"), native city of one of its discoverers.
Erbium for the village of Ytterby, Sweden.
Thulium for the mythological land of Thule.
Ytterbium for the village of Ytterby, Sweden.
Lutetium for Lutetia, the city which later became Paris.
The term "Rare Earth" arises from the minerals from which they were isolated, which were uncommon oxide-type minerals (earths), only found in Gadolinite from one mine in the village of Ytterby, Sweden, However, with the exception of the highly-unstable promethium, the rare earth elements are found in relatively high concentrations in the earth's crust with Cerium being the 25th most abundant element in the earth's crust at 68 parts per million.
The principal sources of rare earth elements are the minerals bastnäsite, monazite, and loparite and the lateritic ion-adsorption clays. Despite their high relative abundance, rare earth minerals are more difficult to mine and extract than equivalent sources of transition metals (due in part to their very similar chemical properties), making the rare earth elements relatively expensive. Their industrial use was very limited until efficient separation techniques were developed, such as ion exchange, fractional crystallization and liquid-liquid extraction during the late 50's and early 60's.[3]
What exactly are Rare Earth Elements?
Rare earth oreAccording to IUPAC, rare earth elements or rare earth metals are a collection of seventeen chemical elements in the periodic table, namely scandium, yttrium, and the fifteen lanthanoids.[1] Scandium and yttrium are considered rare earths since they tend to occur in the same ore deposits as the lanthanoids and share similar chemical properties with them.
Discovery and early history
Rare earth elements became known to the world with the discovery of the black mineral ytterbite (also known as gadolinite) by Lieutenant Carl Axel Arrhenius in the year 1787, in a quarry in the village of Ytterby, Sweden.[2] Many of the rare earths are named in honor of the scientists who discovered or elucidated the elemental properties, geographical discovery, Latin or Greek, or mythology:
Name Etymology
Lanthanum from the Greek "lanthanon," meaning I am hidden.
Cerium for the Roman deity of fertility Ceres.
Praseodymium from the Greek "praso," meaning leek-green, and "didymos," meaning twin.
Neodymium from the Greek "neo," meaning new-one, and "didymos," meaning twin.
Promethium for the Titan Prometheus, who brought fire to mortals.
Samarium for Vasili Samarsky-Bykhovets, who discovered the rare earth ore samarskite.
Europium for the continent of Europe.
Gadolinium for Johan Gadolin (1760-1852), to honor his investigation of rare earths.
Terbium for the village of Ytterby, Sweden, where the first rare earth ore was discovered.
Dysprosium from the Greek "dysprositos," meaning hard to get.
Holmium for Stockholm (in Latin, "Holmia"), native city of one of its discoverers.
Erbium for the village of Ytterby, Sweden.
Thulium for the mythological land of Thule.
Ytterbium for the village of Ytterby, Sweden.
Lutetium for Lutetia, the city which later became Paris.
The term "Rare Earth" arises from the minerals from which they were isolated, which were uncommon oxide-type minerals (earths), only found in Gadolinite from one mine in the village of Ytterby, Sweden, However, with the exception of the highly-unstable promethium, the rare earth elements are found in relatively high concentrations in the earth's crust with Cerium being the 25th most abundant element in the earth's crust at 68 parts per million.
The principal sources of rare earth elements are the minerals bastnäsite, monazite, and loparite and the lateritic ion-adsorption clays. Despite their high relative abundance, rare earth minerals are more difficult to mine and extract than equivalent sources of transition metals (due in part to their very similar chemical properties), making the rare earth elements relatively expensive. Their industrial use was very limited until efficient separation techniques were developed, such as ion exchange, fractional crystallization and liquid-liquid extraction during the late 50's and early 60's.[3]
Canadian analysts pick likely junior mining acquisition targets
Big miners are biding their time with respect to takeover targets in the junior mining sector, but analysts believe a number of stocks are ripe for plucking.
Posted: Friday , 31 Oct 2008
OTTAWA (Reuters) -
Merger and acquisition activity in Canada's mining patch will heat up again, but it is tough to predict when big miners will decide the time is right.
"The increasing valuation gap between the senior and intermediate producers and the junior explorers/developers suggests to us that M&A activity will likely heat up going into 2009," Dundee Securities said in a note to clients.
Analysts have fingered a handful of juniors that are likely takeover candidates. Here is a list of some potential targets:
* Aquiline Resources (AQI.TO) - The owner of Navidad silver project in Argentina needs to raise funds to finance immediate capital needs, analysts say. "If the company can continue to move toward development, potential acquirers may take an interest in its large, world-class silver project," Dundee Securities said in a note.
* Corriente Resources (CTQ.TO) - Developing the big Panantza-San Carlos copper project in Ecuador, Corriente is looking for partners. The owner of the Mirador and Mirador Norte projects, has a "good probability of being taken over," Wellington West Capital Markets said in a report.
* Candente Resource (DNT.TO) - Said in late September it was looking for a joint venture partner for its Canariaco copper, gold and silver project in Peru.
* Detour Gold (DGC.TO) - The past-producing Detour Lake project has a good chance of being acquired by a senior producer in the coming year, Wellington West said. Buyers may have to go through PDX Resources (PLG.TO) which holds a 42 percent stake in Detour.
* South American Silver (SAC.TO) - "The size and scope of the Malku Khota project makes South American Silver Corp a takeover candidate by a major with cash or cash flow," said Wellington West.
Noront Resources (NOT.V) - Owns a promising nickel, copper and platinum property at its Double Eagle property in northern Ontario. Complicated by a recently settled proxy battle.
* Osisko Mining (OSK.TO) - Developing the Malartic gold project in Quebec with an estimated 8.4 million ounces. (Reporting by Susan Taylor; editing by Rob Wilson)
© Thomson Reuters 2008. All rights reserved.
I too want to see drills turning and churning. Let's get some pics of those drills please. Enough of those bloody tree pics!
Posted by: moojer Date: Thursday, December 04, 2008 6:21:35 PM
In reply to: c70 who wrote msg# 30878 Post # of 30926
IMO, if the drills were actually turning, management should post pictures of those drills turning instead of posting pictures of trailors and trees. It does not take much to take digital pictures and upload them. IMO, the lack of pictures of the drills turning and the corresponding pictures of trees and trailors is a very telling sign of why SRSR's PPS is where it is currently.
Good for you, hope you get the 1 mill in shares. LOL.
As gold gets re-inflated, expect other commodities to follow:
Franco Nevada's Harquail envisions monetary expansion generating next gold bull market
Despite a form of casino capitalism prevalent in mining financing, Franco-Nevada royalty portfolio expert David Harquail sees a good future ahead for mining as more liquidity is being pumped into the U.S. economy.
Author: Dorothy Kosich
Posted: Thursday , 04 Dec 2008
RENO, NV -
"Never has there been so much money lost in such a short period of time," Franco Nevada President and CEO David Harquail told an audience at the Northwest Mining Association conference Wednesday.
Nevertheless, Harquail declared," We're expecting gold to go into the thousands" as a monetary expansion generates the "next gold bull market."
The former president of Newmont Capital, Harquail advised that when gold gets re-inflated, expect other commodities to follow.
In his luncheon address to the Northwest Mining Association conference in Reno, Harquail admitted witnessing shock and fear last month in London among the fund managers who had heavily invested in precious metals mining. At the time mining shares were down an average of 72%, major mining companies had been placed on Credit Watch, and mining M&A bids were collapsing.
Molybdenum alone had dropped from $31 to $11 in only two weeks.
Ironically, the earlier timing of when the global economic crisis hit the mining sector and other resource industries could eventually reap some benefit for mining, Harquail suggested. In the meantime, since mining companies could not borrow as heavily as other industries, it may also help the sector's recovery.
Harquail says major mining companies, junior companies and gold are looking better. But, mining exploration may pay the price for the industry's past six months of freefall.
Mining companies with sufficient cash reserves would now rather buy other companies rather than continue to explore or develop new mines. Some are taking advantage of their low share prices to use their cash to buy back their own shares. And, Harquail noted, some miners are choosing to go private.
Harquail explained that companies without dollars are now operating in survival mode or are actually facing extinction. He referenced examples of as many as six smaller companies considering mergers into a single company.
As a result, Harquail is fearful "that a lot of companies will get out of the exploration business."
Meanwhile, he noted a number of mining and exploration companies won't be able to raise financing for another 18 months.
Nevertheless, Harquail sees a good long-term outlook for a mining industry which has grown accustomed to planning to weather mining's cycles.
Mining's good stewardship practices have enhanced the reputation of the industry as an investment destination, he said. Companies also have learned to be able to build cash and diversify.
However, Harquail is not happy with a U.S. system that has "let a form of casino capitalism" take the domestic mining industry hostage, especially through hedge fund investment. He also joked that the gold mining sector is "overdue for a 15-30 million ounces discovery."
First things first, Mooj.
1. We need the core samples analyzed by a lab.
2. We need the issuance of a National Instrument.
With this information, a JV will be possible. Financing will become available etc.
First things first, Mooj.