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Nice follow through so far at midday. Up over 7% again...
I know diversification is good, but why should I put some eggs in other RE baskets when this is the largest, purest and soon to be the first on line of all the RE companies out there?
NICE! AND we now have 19 Bookmarks ;)
It's so great to "know the future" like this... :)
I go to bed every night knowing what Lynas will do the next day.
Can't beat that!
Steady as she goes... :)
So Lynas is trading under both the LYSCF and REE symbols???
What's with the wild swings?
Love it!
So did the Aussies not read the news today???
And Lynas is the mother of all REE mines! :)
That was a short consolidation...
b4-
I appreciate your thoughts...
Thanks,
Mord
No problem, b4. Any clue where this ride can utlimately take us?
Closed at the high .95, up 10.5% 32M shares!
BTW, isn't the all time high still over 1.20 from back in 2007.
I got in at around .56 in 2007, watched it go up to 1.20+, then
down to a dime, now on it's way back up. Hopefully the upward
trend will continue as they get closer to completing the plant in
Malaysia, and the price of rare earths continues to rise...
Anyone care to guess what the next PR will say? JV, sales, further dev. of products, sale of one of CTGI's product lines?
We all hope you're right! :)
So settlement talks need to begin within 7 days (today)? I would imagine that once begun, settlement talks could last quite a while, and only then have a final settlement, no? (although the sooner the better for CTGI to minimize lawyer's fees)
Here's a board that should be able to help you... called: Level 2 education
http://investorshub.advfn.com/boards/board.aspx?board_id=10298
Israeli researchers pioneer laser treatment for sealing wounds
By ISRAEL21c.com staff November 16, 2008
(Holding long term, just thought this article was interesting. The laser technique sounds like the next-gen CTUM, but several years out.)
Suturing wounds and cuts has always been problematic. Even using today's microsurgery techniques, the treated wounds are open to infection, and the patient is inevitably left with permanent and unsightly scars.
When carbon dioxide lasers were invented, many thought they would be the ideal remedy, sealing wounds more effectively and minimizing scarring. Attempts to use these lasers for bonding cuts in the operating room or in clinics failed dismally, however, because surgeons were unable to control the heat emitted by the laser. The lasers either "undercooked" or "overcooked" the patient's delicate tissues, causing long-term thermal damage.
Now a team of Israeli researchers could have the solution. The scientists, from Tel Aviv University (TAU), have developed a new technique that maintains the heat of the laser at exactly the right temperature for optimal wound healing, allowing surgeons to seal cuts both on our skin and inside our bodies with less scarring, and less exposure to infection.
The new technique, developed by Prof. Abraham Katzir and a team from TAU's Applied Physics Group, is called laser-welding. When the laser begins to overheat and risks burning the tissue, the device reduces laser power, and if the temperature is too low to complete a closure, laser power in increased appropriately.
Keeping the heat right
Katzir is the first researcher to apply the carbon dioxide laser, coupled to optical fibers, for wound closure under a tight temperature control. His innovation is in the use of unique optical fibers made from silver halide developed at the university. The fibers deliver the laser's energy to heat the bonded cut and are used for controlling the temperature. They also make it possible to bond tissues inside the body.
"Sutures or stitches are not water tight, and blood or urine can pass through cuts, causing severe infection," he says. "Also, in many cases, a surgeon needs great skill to perform internal stitching, or in bonding tiny blood vessels, or in mending cuts on the skin so there will be no trace left on the body."
The device has already been tested successfully in clinical trials on people undergoing gall bladder surgery. At the close of the surgery, four cuts were left on the skin of the abdomen, two of which were sutured and two laser-bonded. The results of the trials suggest that the laser-bonded tissues heal faster, with less scarring.
Faster healing, less trauma
Successful preliminary experiments also showed that the new technique can be used to bond cuts on the cornea, bladder, intestines, blood vessels or trachea. It may also be used for bonding tissues inside the body on organs such as the kidney, and even in brain surgery. Perfect for healing soft tissues, the laser may prevent an enormous amount of trauma when used for closing internal wounds.
"We think plastic surgeons will especially love this invention. Bonding tissues that heal well without scarring is a true art that few people possess," says Katzir. He believes the method will be much easier to master than suturing, and will generate a watertight bond, preventing infections and accelerating healing.
The researchers plan to apply to the FDA in the US for large scale trials, and with permission from Israel's Ministry of Health, they will soon begin testing the device on longer cuts, such as hernia operations. If these trials prove successful, the basic research could be developed into a commercial product within a few years.
Katzir is looking ahead. "It could also become a device for the battlefield, allowing soldiers to heal each other on contact with a laser wand," he suggests.
UPDATE ON PROJECT AND AWARD OF MOUNT WELD CONCENTRATION PLANT CONTRACT
The Directors of Lynas Corporation (ASX: LYC) are aware of the current volatility in the financial markets and the impact this is having on the LYC share price, as well as other Australian resource stocks; particularly those in project development.
The Directors believe the fall in the Lynas share price predominantly reflects market liquidity events.
The company wishes to inform shareholders that the Executive team remains committed to delivering the Mount Weld Rare Earths project on schedule and within the financial resources
available to Lynas. The current funding sources include the closing cash balance as of 30 June 2008 of $144.7 million, the USD 105 million senior facility agreement with Bayerische Hypo- and Vereinsbank AG, the USD 95 million convertible note facility which is currently sitting in a USD denominated account and the net interest received on the cash position.
Further to this, the Directors are pleased to announce the company will award the contract for the construction of the Concentration Plant for the Mount Weld Rare Earths project to Abesque Engineering & Construction (AEC) of Western Australia. The value of the construction contract is in accordance with budget and allows the overall Concentration Plant project to be delivered within the $40 million capital cost budget previously announced to the market. With Downer EDI having completed the first mining campaign and due to commence the earthworks program for the Concentration Plant in two weeks, the entire Western Australian capital works including mining and earthworks and the Concentration Plant, shall be completed within the $70 million budget previously announced to the market.
A robust selection process has been undertaken by the company to select AEC including assessment of the experience and capabilities of the tenderer's key project people, the proposed construction schedule, demonstrated relevant experience and the available capacity of the tenderer. The next step with AEC is to conclude the contract documentation which is anticipated to occur in approximately two weeks. Key details of the contract will be released at that time.
The total project including the Malaysian Advanced Material Plant, due for completion in fourth quarter 2009, remains on schedule and is anticipated to be completed with the funding currently available.
Nicholas Curtis, Executive Chairman of Lynas said "Given the inflationary pressure on raw material costs and availability of human resources in Western Australia I am pleased that the entire Western Australian capital works at Mount Weld, for which all approvals have been received, shall be completed within the original $70 million budget and remains on schedule".
About Lynas Corporation
Lynas owns the richest deposit of Rare Earths, also known as Lanthanides, in the world at Mount Weld, near Laverton in Western Australia. This deposit underpins Lynas' strategy to create a reliable, fully integrated source of Rare Earths supply from the mine through to customers in the global Rare Earths industry.
The first mining campaign is now complete. Lynas has received all environmental approvals to build a Concentration Plant at Mount Weld and an Advanced Materials Plant to process the Mount Weld concentrate through to final Rare Earths oxides in the Gebeng Industrial Estate, Kuantan, Pahang, Malaysia. The company plans to become the benchmark for security of supply and a world leader in quality and environmental responsibility to an international customer base.
`Rare Earths' is the term given to fifteen metallic elements known as the lanthanide series, plus yttrium. They play a key role in green environmental products, from energy efficient compact fluorescent light bulbs (CFLs) to hybrid cars, automotive catalytic converters and wind turbine generators. They are also essential in the development and manufacturing of many modern technological products, from hard disc drives to flat panel displays, iPods and magnetic resonance imaging (MRI) scans.
About Abesque Engineering & Construction
Abesque Engineering and Construction Ltd (AEC) is a fully owned subsidiary of Forge Group Ltd (Forge).
Forge is a public company listed on the Australian Stock Exchange. Forge acts as the holding company for investments in engineering, procurement and construction, construction management and maintenance. With a strong balance sheet and a history of earnings the company provides a reliable platform for the subsidiary companies and their clients. Based in Perth, Western Australia the group employs over 400 employees.
AEC specialises in the provision of engineering design, fabrication, construction and project management services to the resource sector for the implementation of processing facilities and associated infrastructure.
As a multidiscipline engineering organisation AEC provides a wide range of services to the resource sector utilising its own substantial in-house resources, covering civil, structural, mechanical, piping and electrical design and construction works.
For further information please contact Nicholas Curtis on +61 (0)2 8259 7100 or visit www.lvnascoro.com
Lowman- Ouch! Sorry I asked you to relive that... Thanks for sharing though.
OT: The lawnmower Story...
Lowman - over the last 1-2 years I read bits and pieces of the mower story, but I wasn't able to piece the whole thing together. Could you please (for me and all of the newer shareholders) repeat the story. Maybe even put it in the iBox :)
Thanks!
Congrats to all! I have tears in my eyes (you know how you get when you're just THAT happy...)
Was just thinking, it would have been great if www.livetissueconnect.com was updated in time for the FDA approval. I'm sure there are many new folks who just read the news who would be looking for their web page to find out more info...
We probably have MORE than enough info on IHUB, but will they look here...
Mord
Did Lantis already apply for FDA approval???
Any ideas what the benefit is of "aquiring" VIR the way they did. Announing that VIR went out of business and btw we were lucky enough to be able to aquire the proper equipment and hire the right engineers, and now the whole operation is in-house. Why the 2 steps, instead of "we aquired VIR"?
Please educate me... Why is that awesome???
Thanks!
Go CTGI!
JONESIE: Just saw my CTGI shares added to my Fidelity account.
Feels good to have them back, even under a new ticker ;)
Thanks, 2lb...
So the bottom line numbers are...
370 billion kg of rare earths
$8.93 per kg
$3.3 Trillion spread over 30 years (not counting any appreciation in value)
$110 Billion / year
Can that be right?
Ditto. no rush. I'm long on this one...
NT: It's possible that our individual past search patterns affect the results, but that's just a guess.
BTW, enjoying today immensely :)
Congrats to all longs!
Here's a snapshot of Google results
I think our CTUM board just moved to # 1. Check again! :)
http://www.google.com/search?hl=en&q=ctum&btnG=Google+Search
Thanks Thomas... Any idea how many kg of the stuff is on Mt Weld?
ib2-
Love all your posts here. Look forward to reading them...
regarding #26... I can't believe that a first grader even knows what that means. At least I hope not...
Great! Thanks Thomas. Looking forward to read what you find out.
There is one more forum discussing Lynas here: http://www.aussiestockforums.com/forums/showthread.php?t=4760&pp=20, Aussie Stock Forums. It's a little better than StockHouse.
You're right. Ouside of China Lynas is THE source for rare earths.
BTW, does anyone know the current market value of the RE's in/on Mt. Weld?
The reason I'm asking is that the market cap is already at ~$900M and production is only gonna start in about 18 months.
I guess this answers my question as to the 52-week high...
Increase in Total Mount Weld Rare Earths Resource
New Heavy Rare Earths Resource Identified
Highlights
• An updated Mineral Resource estimate for the Mount Weld Central Lanthanide Deposit
(CLD) Sector of 12.2 million tonnes at 9.7% REO, giving a new resource of 1.18 million
tonnes of REO
• A zone of mineralisation has been identified with a higher value heavy Rare Earths
distribution. The average REO distribution in this zone has a composite market price of
US$21/kg REO
• Subject to finalization of a feasibility study the Mineral Resource within this new zone
may support a second Rare Earths operation based on high value, heavy Rare Earths
UPDATED MINERAL RESOURCE ESTIMATE
The Board of Lynas Corporation Limited (“Lynas”, ASX code LYC) is pleased to report, according
to the 2004 JORC Code, an updated resource estimate for the Mount Weld Central Lanthanide
Deposit (CLD) Sector of 12.2 million tonnes at 9.7% REO, at a cut-off grade of 2.5% REO, giving a
total resource of 1.18 million tonnes of REO. Table 1 shows the classification of Mineral Resource
for the CLD Sector. Figure 1 shows the CLD Sector of the carbonatite.
The previous June 2002 resource of 7.7 million tonnes at 11.9% REO, giving 920,000 tonnes of
REO, was reported at a cut-off grade of 4% REO. At the same cut-off, the updated resource
estimate increases to 8.9 million tonnes at 12.1% REO, giving 1.08 million tonnes REO. This
increase is due to a revised geological interpretation based on the inclusion of the 2007 infill
drilling program data. It represents an increase of 17% or 160,000 tonnes REO compared to the
June 2002 resource estimate.
It is now considered appropriate to report the resource estimate using a lower cut-off grade of
2.5% REO following the substantial increases in Rare Earths’ prices since 2002. As stated above,
at a cut-off grade of 2.5% REO the resource estimate increases to 1.18 million tonnes REO in
total, representing a 29% increase in REO tonnes compared to the June 2002 resource estimate.
See complete article here:
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00819169
Up another 6% on the ASX on Monday. Looks like it closed on a 52 week high. What gives? Personally I hope it keeps going like this day after day, but realistically, it's probably due for a correction any day now... Based on its history...unless of course it's done consolidating after its ~300% run-up in the first half of '07.
I couldn't believe it, so I checked the Mint's website. "E Pluribus Unum," and "In God We Trust" are on the EDGE of the coin. Phew!
140%. Not too shabby...
Hey. 2 things. You know as well as I do that it's near impossible to sell at the peak and the way the chart looks, it wouldn't surprise me if we saw 1.15 again...
My avg. purchase price is .71, and first started buying a year ago. But like you said, their future looks optimistic, so I'm planning on holding long term and continue to ride out the roller coaster for at least another year or 2.
GLTY