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ok i will compare bonanaza hills to hay mountain thats what i will do thanks
banks
remember lbsr has zero revenues
they have land on borrowed monies
they produce nothing
and have almost 700 million outstanding shares
i dont know what the land is worth to a company in the copper mmining business
maybe KY can answer that?
why would the stock be any higher?
because maybe something will happen?
i guess thats not the way stock prices go???
i just wish i knew what the land is worth to someone who can make lemonade from the LBSR lemons
and who that will be and when it will happen
until that time i am in the same boat as you
but i will almost guarantee you that when that time comes
we will be very excited and very quickly
i'm pretty certain of that
I agree there has to be a ton of stuff going on that we are not aware of
with the appointment of the two new advisors and their specialites
that alone says something.
then the fairhills money is now available
and who knows if they even plan to use it, they did get some private investor monies this year
brisco has to be firing on all 16 cylinders now
between the analysis of soil etc and the financial end of making something work , its a big deal
as i said before it will be really fun to read that news release with details of something big
do you think its going to be a JV in arizona
tracy is hinting i believe
but who knows
what do you think?
do you think they go ahead alone for now and get that needed JV later?
its a big deal to get a mining operation going
very exciting
the time to read the news they release will be exciting
its so much fun to watch a picture get put together
no worries
liberty will make it
how can they possibly fail?
this article is from today's investing news
so you say potato and I say po-tato---
Abundant supply and flat demand have pushed global thermal and metallurgical coal prices to some of the lowest levels seen in years.
As supplies of both met and thermal coal continue to roll onto the market, traders and producers are finding it increasingly difficult to find spot purchase and long-term contracts in some of the world’s largest markets. Both Chinese and European markets have struggled to keep demand ahead of supply as regional market uncertainty and increased exports from most coal-producing countries have taken hold.
The combination of strong supply, waning demand, and the rising business costs have been hard on coal producers and traders, and a slowdown in production appears to be floating on the horizon.
Met coal
Strong supplies from Australia have driven met coal markets over the past month as the price of low-volatility metallurgical coal, used in the production of steel, faced downward pressure. Low-vol coal traded sideways5 in mid-June while hovering around the $223/mt FOB Australia mark.
The price of low-volatility coking coal has fallen by about a third over the past year, and the outlook for 2013 is not much brighter. A Commonwealth Bank report, cited by Platts6, revised its 2013 price projections downward by 10 percent to $213/mt FOB Australia for 2013 and 5 percent to $205/mt FOB for 2014 due to rising supply.
New supplies of coal are exerting “tremendous pressure” on the price of the commodity, Lakshmi Mittal told7 the Steel Success Strategies conference in New York last week.
Weak demand from key markets has not helped the situation. Chinese and Indian coal users acknowledged that inventories of prime-quality coking coal are low at present, but appeared unwilling to translate this situation into active market bids, Platts said
Coal-intensive German steel output in the first four months of 2012 was also down8, falling 5 percent year-on-year at 14.5 million tonnes, in reflection of the Eurozone’s economic slowdown.
“I don’t believe we’ll return to pre-crisis level of [steel] demand anytime soon,” Mittal also said.
Coking coal companies are beginning to feel the impact of the price decline. Russian coal and steel producer Mechel9 (NYSE:MTL10) recently announced a near 30 percent reduction in net profits due in great part to declining prices and sales of its raw materials.
Coking coal prices for delivery from Mechel to South Korea and Japan fell from US$215 to $220 per tonne in the first three months of 2012 to US$185 to $190 per tonne in the second quarter, the company’s vice president, Oleg Korzhov, told Reuters11 this week.
One bright spot appears to be the Indian steel markets which, despite an abundance of local coal resources, look eager to bring an increasing number of coking coal imports into their markets in the coming year.
Coal imports, which were at 99 million tonnes between April 2011 and February 2012, are expected to increase by 28.3 percent by February 2013 to 127 million tonnes, The Times of India reported12. Strong demand from power, steel, and cement industries is said to be responsible for the increase.
Thermal coal
At the major Chinese coal port Qinhuangdao, coal imports are piling up into oversupply because utilities have more than they need. Low hydroelectric production costs after weeks of heavy rains and slowing demand from downstream users have left more than 9.3 million tonnes in coal inventories, the highest level since November 2008.
“The thermal coal market now has low prices, but no buyers,” Chen Lihui, a representative of a coal trading company in Hebei province, told China Daily13.
“The big power consumers, such as manufacturing companies and cement producers, have less production this year, which resulted in less power demand,” Lihui said.
In the first four months of the year, China’s coal imports grew by 69.9 percent to a record 86.55 million tons of coal, but since May supply has far outstripped demand and prices have fallen.
“Low prices are expected to continue for the next three months and then a significant supply cut is expected,” analyst Matty Zhao told Platts14. Currently, prices on spot coal markets are coming down to “ridiculously” cheap levels because of the oversupply, Zhao said.
Despite indications of oversupply, Australia’s biggest coal port, Newcastle, continues to bring more coal to markets; a queue of 42 vessels awaiting loading has formed off the coast. Exports of both thermal and coking coal topped 2.45 MT over the past week, representing an increase of 16 percent
Forecasts predict 15 the queue at the terminals will grow to 50 by next week while traders and coal exporters in the Newcastle thermal coal market attempt to find buyers outside of the diluted Chinese market.
Global oversupply of thermal coal appears to be the predominant force currently driving thermal markets, and it is preventing numerous new coal projects from getting off the ground. In Australia, new coal mines are particularly vulnerable due to soaring costs and competition from other sources.
Rio Tinto CEO Tom Albanese told16 shareholders in Brisbane a month ago that “[w]e’re seeing in some cases the same project that we would have built 10 years ago now costing 10 times more.”
Securities Disclosure: I, James Wellstead, hold no direct investment interest in any company mentioned in this article.
belg
these hints are
sort of like dangling a piece of raw meat in front of a safari lion in Kenya
not fair at all
yes i heard you can make 50 bucks with the right volume
i was here then too
looks like i see a lot of positive posts here in the past few days
lots of possibilites for both properties
we will see what mr brisco has in mind for us
hopefully soon as all of this takes time
when I buy a penny stock
i figure i am throwing the $$ away --gone
if it hits
i am a champion
if it misses
then i lose
its a big risk
too bad
wow terrible
was it a robbery or enraged ex boyfriend
have the police found the guy
were there camera's? there seem to be carmeras everywhere
they will catch the person who did it
a life lost for no reason
terrible
28 would be good
girardi is finally getting the job done
i dont know what to think about lbsr
i would not be surprised to see them not use the fairhills $
if they have something better like a JV
the pace is terrible
hawk
the most important victory will be the last game of the year(4th win in the WS)
that's the one i'm waiting for
the rest of the victories are merely a dress rehersal
KY
i'm holding a large of bunch of my shares until we really get to the prize
the path is great I hope
hawk
really enjoy your posts
one of the good guys here
looks like the pinstripes lost again today
5 homers? and a loss
i guess the heat got to hughes??
would it make you happy if someone put in a market order for 100 shares at 3:57
cost 2 bucks
i think the 10 wins came against national league teams
wow chipper can still get it done
too bad for the pinstripes
fun season so far
i got to one game
sebathia got a win vs tampa
but nunez made a few erros that night and that was it for him
the fill ins for the yankess seem to be doing well too
nix etc
Eli
yankees finally took one in defeat
and apparently they had chances
would be nice to start another 1 game win streak now though
dickey vs sebathia this weekend i heard
Top 10 Copper Producers of 20111
Wednesday June 20, 2012, 4:15am PDT
By Shihoko Goto2 - Exclusive to Copper Investing News3
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Copper prices are close to their 2012 low, but the bulls expect demand and prices to pick up accordingly later this year. In the near term, persisting concerns about the Eurozone’s outlook and the strength of the US economic recovery continue to weigh heavily upon copper producers that are balancing their drive to invest further in existing and future mines with meeting shareholders’ demand for steady returns.
Major producers, including BHP Billiton and Rio Tinto, have already declared that they will be cutting back4 on investing in mega-projects, which may impact global copper output in the longer term. In the short term, however, there is growing concern that the quality and quantity of the red metal will decrease even as demand from emerging markets increases.
Some analysts are upbeat about copper’s outlook, including Barclays Capital’s managing director in commodities research, Kevin Norrish. Presenting the investment bank’s annual outlook5 on commodities last week, Norrish said that while commodity prices in general may have fallen at their fastest pace since the 2008 financial crisis, fundamentals in the industry remain strong. Indeed, Norrish expects the price of copper to reach $9,300 per metric ton by the fourth quarter from $8,600 in the second quarter. Other industry analysts are less bullish, at least in the near term. Goldman Sachs reduced6 its price target for copper to $8,000 per metric ton from $9,000 a ton over the next three months, while Societe Generale dropped7 its copper outlook to $8,000 per metric ton from $8,220.
Top copper mining companies
The world’s top copper mining companies include, in order of production:
Codelco8
Copper production: 1.74 million tonnes
Market cap: N/A
The Chilean state-owned group remains the world’s biggest copper miner and produced a record 1.74 million tonnes of the red metal in 2011. The company expects output to fall slightly to about 1.71 million metric tons this year, but anticipates that production will surge to 2.1 million metric tons by 2020. In June, Codelco’s leadership changed9 as Thomas Keller took Diego Hernandez’s place as CEO amid Codelco’s ongoing dispute with Anglo American. At stake is whether Codelco can acquire a 49 percent stake in Anglo American Sur, which includes the Los Bronces mine. Last November, Anglo American sold off 24.5 percent of shares in the Chilean unit to Japan’s Mitsubishi10 (TSE:805811). Codelco had raised $6.8 billion from Mitsui & Co.12 (TSE:803113), another Japanese trading company, to exercise its option.
Freeport-McMoRan14 (NYSE:FCX15)
Copper production: 1.68 million tonnes
Market cap: $32.5 million
The world’s largest publicly-traded copper miner operates seven copper mines in North America and four in South America. Freeport also has stakes in the Democratic Republic of the Congo’s (DRC) Tenke mine and the Grasberg mine in Indonesia. The company has been struggling16 with labor disputes at its Grasberg mine since last autumn, but it believes the situation has now stabilized. Freeport anticipates that consolidated copper sales will reach 3.7 billion pounds, and its copper mining operations are expected to average about $1.43 per pound of the red metal this year. Exploration spending for this year is pegged at $275 million, up from $221 million a year ago.
BHP Billiton17 (ASX:BHP18)
Copper production: 1.64 million tonnes
Market cap: $99.93 billion
In 2011 the Australian mining giant produced about 1.64 tonnes of copper, but CEO Marius Kloppers said19 in May that the company will be putting multibillion-dollar, so-called mega-projects like the Olympic Dam on hold for the next six months because shareholders want the company to invest strategically for more immediate financial returns. BHP is the majority shareholder in Chile’s Escondida mine, which is the largest copper mine in the world. During the first quarter, Escondida’s output rose 2.1 percent from a year ago to 240,215 tonnes as cathode production increased. In February, it approved plans with Rio Tinto for a $4.5 billion expansion that will increase Escondida’s output by 80 percent.
Xstrata20 (LSE:XTA21)
Copper production: 889,000 tonnes
Market cap: $25.35 billion
The Swiss mining group produced nearly 889,000 tonnes of copper last year, and it expects to increase output to 1.5 million metric tons by 2015. The company is currently in the process of being bought out22 by Glencore International, which already has a 34 percent stake in Xstrata. The combined company will create the world’s third-largest copper producer, pushing BHP Billiton into fourth place. However, the marriage is not yet a done deal, and is creating frustration among shareholders, particularly regarding $265 million retention packages for top executives. Xstrata’s shareholders will be voting for or against the $30 billion takeover bid on July 17.
Anglo American23 (LSE:AAL24)
Copper production: 645,000 tonnes
Market cap: $28.72 billion
The London-based group produced 645,000 tonnes of copper in 2011 through its six copper mines in Chile, including Los Bronces. In the first quarter of this year, copper output increased25 by 21 percent to 168,400 metric tonnes as output at Los Bronces increased and higher ore grades were found at the El Soldado mine. Production at Los Bronces is expected to more than double from 221,000 metric tons per annum through expansion plans, which will increase the mine’s output by an average of 200,000 metric tons per year. As for its ongoing dispute with Codelco, the two companies have agreed to suspend legal proceedings regarding shareholding in Anglo American Sur and attempt to come to a decision themselves. The legal suspension will be lifted June 22.
Glencore International26 (LSE:GLEN27)
Copper production: 628,000 tonnes
Market cap: GBP22.8 million
Based in Switzerland, Glencore produced 628,720 tonnes of copper in 2011. In addition to its bid for Xstrata, the company has secured majority control of its Mutanda copper mine in the DRC. Together with privately-owned High Grade Minerals and Groupe Bazano, Glencore proceeded with the $480 million deal, which will bolster its hold in Africa. The company has also ventured into deep sea copper mining28, and recently struck a deal with Vancouver-based DeepGreen Resources29 to buy half of the copper and nickel30 that DeepGreen expects to produce from the sea floor off the coast of Mexico.
Grupo Mexico31 (OTC Pink:GMBXF32)
Copper production: 598,000 tonnes
Market cap: $293 million
The Mexican group produced 598,000 tonnes of copper in 2011, and first quarter copper output increased by 20 percent from the previous year. Grupo Mexico expects its copper fundamentals to remain strong in the latter half of this year, with Chinese demand holding33 “steady through to 2013 due to the strong investments needed in infrastructure and energy.”
Rio Tinto34 (ASX:RIO35)
Copper production: 591,700
Market cap: $90.7 million
The Australian mining group produced 591,700 tonnes of copper in 2011. Output fell due to lower copper grades at its Kennecott mine in Utah as well as at its Escondida and Grasberg mines. Rio Tinto became the majority shareholder in Ivanhoe Mines, which operates the Oyu Tolgoi copper mine in Mongolia. Oyu Tolgoi is expected to begin initial production by the end of this year and commercial production is slated to begin by the first half of 2013.
Southern Copper36 (NYSE:SCCO37)
Copper production: 587,400 tonnes
Market cap: $26.83 billion
With 80 percent of shares held by Grupo Mexico, Southern Copper’s red metal output reached over 587,400 tonnes in 2011. Copper mine production rose 23 percent in the first quarter as ore grades improved and the Buenavista mine in Mexico operated at full capacity. Looking ahead, CEO Oscar Gonzalez expects higher costs to make it 15 to 20 percent more expensive to invest in Peru. Nevertheless, the company will be moving forward with developing its $1.2 billion Tia Maria project, even as it faces local opposition. Southern Copper also plans to expand its Toquepala mine, even though there will likely be a two-year delay.
KGHM Polska Miedz38 (WAR:KGH39)
Copper production: 543,000 tonnes
Market cap: $9 billion
The Polish copper producer’s output reached about 543,000 tonnes of copper last year, and Newsweek named it the most valuable company in Poland. In February, KGHM bought out Canada’s Quadra for $2.83 billion. Speculation is growing, though, that the government of Poland, which is the company’s biggest shareholder at a 32 percent stake, is calling for higher dividends from the company.
well staying current here on ihub
makes holding this stock for 2 years a lot of fun
excellent analysis and most importantly there are several companies operating in arizona that would be a great fit here
could be lots of opportunities now
How to Spot the Best Junior Mining Stocks1
Monday June 18, 2012, 10:39am PDT
By Chad Fraser2 - Exclusive to Resource Investing News3
Few stocks can post quick, massive gains quite like junior miners.
For instance, GoldQuest Mining5‘s (TSXV:GQC6) share price jumped 313.3 percent on May 24, from $0.075 a share to $0.31, after the company announced7 that it had tapped into a rich gold8 deposit at its Las Tres Palmas property in the Dominican Republic.
The stock’s run didn’t stop there. GoldQuest has since more than doubled to its current level of $0.66 a share. In all, that’s a gain of 780 percent in just over three weeks.
Junior mining stocks: not for the faint of heart
The challenge for investors is that for every junior like GoldQuest there are dozens that flame out. That’s because the odds of finding a mineable resource are shockingly low. And when juniors report disappointing drill results they tend to drop just as quickly as they rise.
For example, shares of oil9 and gas10 explorer CGX Energy11 (TSXV:OYL12) fell 70 percent, from $1.05 to $0.315, in two days in May after the company failed13 to find oil at its Eagle-1 well off the coast of South America.
That’s a typical story among junior miners. In an article14 about junior gold stocks, mining industry consultant M. Stephen Enders sums up the long odds these companies face, commenting, “[t]he probabilities of success in exploration for a >4 million ounce valuable gold deposit are on the order of 1 in 10,000. Even allowing for large differences of opinion on the efficiency of a junior explorer or the probability of discovery, the probability of success ranges from 1:500 to 1:20,000.”
Enders attributes these low probabilities to a number of factors, including ineffective management and inadequate financing. In terms of the exploration properties themselves, he stated that “area selection is not as rigorous as it is in the major companies and is not always in the most prospective areas.”
How junior miners operate
Junior miners have one of the toughest jobs in the mining industry: finding a mineral deposit. The kicker is that these companies don’t actually make money15. Instead, they raise funds from investors to explore for minerals.
If a junior makes a big discovery, it rarely develops and mines it on its own. That’s because very few junior companies have the resources necessary to develop a property; for many, the goal is to hit upon a deposit that’s attractive enough to catch the attention of a major producer that will buy it from them at a profit.
Another path a junior may take is to try to partner up with a larger firm that can give it access to the financing it needs to build a mine. Partnerships are also important as they can give juniors access to mining expertise that would be unavailable to them otherwise.
Right now, most of the world’s junior miners are listed16 in Canada, with roughly 2,000 on the Toronto Stock Exchange and TSX Venture Exchange. Another 1,000 juniors are listed elsewhere around the world, including on the London Stock Exchange and the Australian Stock Exchange.
Tips for investing in junior mining stocks
Even though the odds against success are great, many investors are attracted to junior mining stocks because, as resources specialist Peter Krauth writes17, “all it takes is just one 10-bagger to make up for all the dogs in the pound.”
Here are a few tips on how to spot those winners:
1.Be aware of political risk: Krauth said that it’s worth taking the time to familiarize yourself with the countries in which junior miners operate, particularly in the nature of the local governments. “It’s simple,” he writes. “The last thing you want is for some kleptocrat to wait until tens of millions have been spent to discover a massive gold deposit, only to turn around and revoke a key permit or expropriate the land.”
2.Experienced management is crucial: Because there is little room for error, investors should look to juniors whose management has a solid track record, including significant exploration experience. Strong management topped the list of Brent Cook, editor of the Exploration Insights, a mining-investment newsletter. “Of the roughly 3,000 junior exploration companies combing Earth chasing down anomalies,” he writes18, “maybe half can be thrown out because of incompetent or unfocused management: management is key in the junior sector – get to know them.
3.Stay alert for signs of trouble: Because these companies plunge quickly on bad news, Cook also recommends keeping a close watch on their actions so you can spot trouble before other investors rush out the door. “Junior companies thrive on news releases,” he writes, “so an investor’s job is to interpret the drilling, metallurgical and sample results in the context of the target being explored. When things start going wrong, get out and get out fast.”
Timing looks good to hold carefully selected junior miners
Finally, most advisors agree that you should only invest in junior miners with money you can afford to lose, and should limit your exposure to a reasonable portion of your overall portfolio.
“It’s certainly not anything that you should rely on for your RRSP, for your retirement,” said19 Michael Fowler, a mining analyst at Loewen Ondaatje McCutcheon, a brokerage that focuses on junior miners.
Still, all signs point to a continued high level of merger and acquisition20 activity in the mining sector for the rest of the year, so if you do your homework and select the right junior miners, you could position yourself for strong gains as they get snapped up by majors.
Securities Disclosure: I, Chad Fraser, hold no positions in any of the companies mentioned in this article.
2;18 news we are getting close to exciting times
wow
love you tracey
hawk
thanks KY
i dont have the energy and
TIME to follow right now
enjoy your day !!!
hawk
good mornign KY
have you heard any news today?
anything new?
thanks
enjoy your day
its beautiful outside
You know what. All excellent points. See you next week
Hawk
what i was implying was that i could buy more shares, catch up to the guy with 9 million shares
nah --not going to do it i am happy now and have enough shares
and if the stock goes up alot we all will have more than enough
and yes all of those other things
as of now i donate a few $$ every years to about a dozen different charities
but yes quite possiblity a little more then
we will see
have a great weekend
hi KY
i was in bed last night with my eyes wide open
after a restful day
i was thinking to myself what
if liberty does come out with a nice JV in arizona
that pushes the stock up alot in a moment notice
a dollar for example in one shot
what would i do with all of that money?
hawk flying
would i be jealous of those with millions more of shares who was gutsy enough to buy up as many shares as they could possibly buy?
NAH NOT ME!!!
fantastic
but we will see
again
we will see
hi ky
good that you bring this up today as this is one of the possibilites out here
we just can't pinpoint what it will be if liberty doesnt give us better clues
nice this about this stock is that if nothing happens
the minerals will still be in the land there for many generations
for someone else to take advantge of(UGH imagine that)
well said gem and spot on too
ky good morning
i think liberty has a deal already in the works and has to get it done
we are waiting for that
happy fathers day dude
hawk
ok Gem
come clean now
what other pearls have you uncovered and are holding back on?
jt
i think KY got it right earlier
today
libery is delaying becasue they are working on a deal for Hay
IMO
hawk
greek election is going to cause more losses on wall street very soon
excellent thanks for the update
guys like you are the reason i am here
thanks
I have to figure there is something wrong(timing is terrible)
lots of possibilites
i still hold out a lot of hope though, i'm not budging with my shares and will stay put
i can't quite put my finger on it
good luck
Funny joke.
Did you see a rod now tied for most grand slams ever
And did you see the Yankee record. It's about the same or now better than the Texas rangers.
It's a long season