Often irritated, never duplicated
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Yep...
...That's precisely why I averaged down yesterday.
Some would have you believe that the Phelps-Dodge data was falsified, that the MLV assessment was dead-wrong reckoning done by amateurs, that the hole-in-one deal to eliminate the NAK debt was meaningless, that the last ZTEM survey didn't result in a JV that sent the stock on a 10,000% run, etc.
Endless reposting of grade school bathroom humor insults simply can't nullify the real facts. Is the PPS where I had hoped it would be by now? Of course not, but the facts still stand. Yes the O/S is higher, but the debt is lower by far and the possibility that LBSR will gain a significant portion of a $100-Billion deposit in southeast AZ makes this a calculated risk that many would take, myself included.
You have to be a rational person willing to read and re-read, determine a historical and geographical context for the likelihood of success, consider markets, management, trends and overall economic factors, then decide if you like the chances. I'm here, and the constant reiteration of words like turd, circus, hallucination or even semprini will not cause me to capitulate.
Go LBSR!
"Those who miss the boat here are gonna smack themselves..."
Agreed. My boat got a little heavier today. I now have enough core position to flip a bit if necessary. .01's are pretty tasty considering what is likely coming.
Go LBSR!
MMTC is up over 64%...
...Looks like someone knows something good at MMTC. I'm ready!
Thank you, Leif...
...Said the river to the bank:
"My sediments, exactly".
With all due respect...
...Securing any adjacent claims that might be of equal or greater economic mineralization or logistical advantage is a very practical consideration. Just ask the folks at NAK, who discovered the world's largest copper/gold deposit only to have Briscoe reveal that it was a fraction of the larger whole when he secured the rest of the claims based on their data. Don't think for a moment that other players aren't considering pulling a similar coup in the HM district.
Any nearby deposits with lesser environmental concerns, cheaper extraction, or richer grades could put the kibosh on Hay Mountain, and doing the homework to ascertain such things before we drill is good stewardship, plain and simple.
I know it's fashionable to second guess JB around here, but there is every reason for him to review the surrounding area to make sure another explorer doesn't find a better bone buried right in our backyard.
Go LBSR.
"BLUE CORE at ~500 ft."
The host rock is glaciated basalt in Iliamna, Alaska, and will likely look much different in Southeast Arizona. I know copper oxide is typically greenish blue, but I wouldn't be surprised if the drill cores in Arizona look much different than the pics from Alaska since the copper content will likely be less than 1% total (if we get to see the cores at all).
Not trying to be a wet blanket, I just don't want anyone assuming the cores are bad if we see pics that are typical white/beige Arizona limestone. The basalt from Alaska also took on a lot of its bluish appearance from the reflected light of the sky, and was probably more of a slate gray when viewed indoors.
That said, I am expecting good results and hold a lot of optimism about the Hay Mountain claims when and if we drill them.
Go LBSR!
Very Thin to $12.50...
...If estimates based on the Phelps-Dodge assays are correct and we are valued for only 10% of the metals in Hay Mountain, the share price would be $12.50 at 800M O/S.
Of course we have other super projects on board, projects which may get a lot more attention once some pretty drill cores are assessed from Hay Mountain. It's a very reasonable scenario considering that the geology of Hay Mountain is similar to Tombstone and Bisbee. Bonanza grade intercepts were already documented by PD.
Go LBSR!
Sorry to hear that...
...I bought most of mine at .0016, but took my cash off the table during the run to .019. Protection of capital is a critical strategy in the penny markets.
Still, I think you may be very glad to own MMTC in the long run. Just my opinion.
Go MMTC!
What are the highlights?
I'm at work and won't have a chance to read the whole document until later this evening.
I remember too...
...and I'm glad the suit against MMTC was found to be of no merit and summarily dismissed. It's nice to know that MMTC can move forward unencumbered by frivolous litigation.
Go MMTC!
We could still see 10M volume today.
10M on a green day would be a nice signal for the uptrend. I suspect I will be glad to have accumulated since 2010.
I'm guessing some drilling funds just got raised...
...Nice volume, still looking at solid gains on the day. Those Phelps-Dodge assay results will look much more attractive when ZTEM and targeted drilling reveal the true size of the Hay Mountain deposit, IMO. More private placement will probably allow drilling soon after ZTEM reveals the best targets.
I'd like to see some REE returns that will rubber stamp a quick mine plan to advance strategic interests, ideally with a deep-pocket partner like FCX. Nobody will let 33g/ton yields sit for too long once the true scope of the claims are known.
Wait for it...
Concur...
...and I agree with Klink, that the light volume means that any "in-between" volume theories would generate negligible gains for the so-called scammers and thieves. Looks like MMTC insiders are holding tight and waiting for certifications, just like the rest of us.
"...worthless claims which will be held up in red tape..."
Keep in mind that a proper valuation of Hay Mountain could certainly enable a robust drilling program at Big Chunk. Three years ago I was reading stream maps of the Iliamna, AK region and seeing that Big Chunk was likely a desirable compromise for the folks that oppose the drainage logistics of Pebble, but would still like to see Alaska benefit from a world-class commercial deposit.
PLP has invested a tremendous amount to create a profitable enterprise and would likely purchase BC to sway the Alaska BLM and EPA into approving a more environmentally feasible outcome.
Much is yet to be revealed.
Article on AZ Mining history...
...Definitely worth a look. Lots of good info regarding our neighbors in Bisbee and Tombstone.
www.miningartifacts.org/Arizona-Mines.html
"All the negative posting means MMTC has something"
Concur, and as we approach June, we still have not seen MMTC proceed with the RS. I'm wondering if they want to flush as much retail as possible and hold their own shares to provide equity for a large public placement once the certifications are confirmed. Shares are apparently scarce as evidenced by recent volume. Do the math and you'll see that every down day is a few hundred bucks changing hands.
Go MMTC!
Nice...
Now that the jackals at Tradeking acquired my Zecco Account and added their scurrilous surcharge for micro-cap trades, it would cost me thousands of dollars to unload my MMTC shares. Didn't get the account traded out in time. Nice racket.
"If anyone can give me an example of shareholders retiring shares"
It depends on who those shareholders are. I own some of this. They retired a bunch of shares.
http://ih.advfn.com/p.php?pid=nmona&article=51184976
"Inside ownership over 80%"
If it's not too much trouble, could someone please post the documentation for this claim? I've seen 80%, 90%, but the numbers I see with Newhuis and Pett only add up to roughly half the O/S.
I know Nunez owns some too, but I would like to see the current numbers on insider ownership if someone has a link>
Thanks!
Excellent find, Rocket Man!
Apparently we have well-targeted advertising. Hard to imagine they would be spending the money unless the next round of certs was pending.
Wait for it...
Hi Rocket...
...Been busy, not posting much these days, but I zoomed way in on the new images you have and noticed that the antiquated Windows-98 version of the MMTC software graphics have been replaced with a much nicer updated version, and that the sleek little netbook USB'd to the MIT-1000 appears to be running Windows-7. Obviously the newer version of the Identifier software is compatible.
Looks like someone else has been busy too. Thanks for posting the image!
Go MMTC!
Welcome back, Kgem...
...My understanding is that (A) the software can be protected by not putting the analytical applications on a disc and handing it out with every machine sold or leased, and (B) it will be easier for the company to update and add new entries, essentially data comparison models for pathogen identification, into the MMTC library.
Also, MMTC may add serious enterprise value as an intermediary for testing labs by offering a commercial subscriber service. Since food testing is the target market, it would make sense to have the subscriber submit machine data via the net and then give them the results from a centralized processing hub, i.e. picking up the cash that might have been spent by the producer on traditional lab work.
And consider that any updates, additions, or revisions would then be handled in-house instead of trying to get 10,000 or more buyers/lessees to update their software from a server. Given that food testing standards will undoubtedly be further mandated, there will eventually be de facto liability in not being completely up-to-date in testing for all commercial applications.
So a cloud model makes sense, properly executed. Wait for it...
=-)
Lots of good things coming for MMTC...
...Just look at all the diverse sources reporting on the game-changer technology from MMTC. Big news coming soon!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77786419
http://www.aoac.org/testkits/2011_060901_certificate.pdf
http://ddr.nal.usda.gov/handle/10113/41910
http://www.micro-imaging.com/pdf/MITNAMSAFinal%28MicroIdentificationTechnologies%29.pdf
http://ddr.nal.usda.gov/bitstream/10113/41910/1/IND44365309.pdf
"....interested parties from Southeast Asia..."
Hong Kong, Shanghai and Singapore are well positioned to be the 21st century financial capitals.
I might add that they are a bit more foresighted than their western counterparts when it comes to mineral commodities procurement strategies. They are also more aware that a contextually high price for copper or gold today will likely seem like a bargain in a few years.
If the current supply of copper was subjected to normal-to-robust economic growth, Cu would top $6/lb before the supply correction. If the current supply of gold was accurately priced against the forecast of demand for industrial/electronic and Indian heirloom gold, Au would be over 2K/oz. As it is, the 3Q dip will probably support higher gold, while copper will wait for a stronger recovery in construction and manufacturing.
LBSR is sitting on serious assets, and the time to value them properly is coming. Uranium will recover over the next few years as well, and LBSR will likely be in a good financial position to exploit that emerging trend as it occurs. 300+ targets of potentially high-grade ore in mining-friendly AZ.
I know what I own, and it's a lot more than the allowable risk I bought in 2010. Go LBSR!
http://www.imf.org/external/pubs/ft/wp/2008/wp0857.pdf
"mmtc the ametuer - Stick-on labels"
You mean like the "Intel Inside" sticker on my expensive computer? It has a Dolby sticker and a Microsoft sticker on it too. I guess the PC manufacturer must be a scam, just like MMTC. Funny, since the manufacturer would have been one of the very best stocks you could have owned over the last decade. I bet MMTC will be a great stock to own for the next decade too.
OSI would already have MMTC in court if there was an issue over advertising them as the manufacturer. More likely MMTC is getting a manufacturer's discount for featuring OSI's name on the chassis. If OSI thought MMTC was a scam, they would never agree to a 5-year contract to produce the MIT-1000, let alone feature the OSI name on the MMTC flagship machine.
I'm not worried...
...and for the first time in almost a year, I have some MMTC money on the line, as I added to my position of freebies recently and have yet to recoup the modest cash output.
That said, MMTC has been vetted by AOAC, NAMSA, USDA and others. I will believe the independent authorities and not anonymous rumors and hearsay.
Try to buy some of those .003's...
...Orders don't seem to get filled at these prices. I'd like to do the lather/rinse/repeat for a daily 16%, but good luck getting the shares to flip. I'll stick with my MMTC core position.
It's coming...
Hi Rocket...
...Do we have confirmation that MMTC will be at the AOAC show?
SNDY on Top Stock Picks...
...Check it out.
http://www.thehotpennystocks.com/stock-picks/
The EPA report was premature...
...and everyone knows it. It is inadequate, poorly researched, and likely a publicity move more than anything, shooting blanks across the bow of PLP and throwing a bone to the greenies in an election year. It's a bone without much meat, and likely a symbolic gesture only.
That report won't get Pebble stopped in the long run, but it may affect the nature of the eventual proposal and what claims are deemed most suitable for development. The EPA lost a lot of credibility by releasing it the way they did. At least they recognized the environmental advantages to Big Chunk, but they overstepped and many have called them out on it. Now it's time for a sensible counter-move by PLP.
Of course we all hope that the leverage will be applied in a way that creates a bidding war for the LBSR claims. Again, I'm not beyond thinking that the end game can be sweetened for LBSR by the reaction to that EPA report. What looks like bad news for PLP could easily be great news for LBSR. Read between the lines and the EPA may just be telling PLP to find a better way to execute, one that is more symbiotic with the locale.
Again, I think the administration will see no political clout to be gained in this fight. Once the Native American Corporation is on board, there will be no face-saving way to fight the mine.
"the religious greens want it shut down,"
But where are they getting it done? There has been some scaling back of coal over water concerns, but coal permits have also been streamlined or reinstated in other places. Obama also refused to renew the drilling moratorium in the gulf, again angering environmental interests. There is plenty of evidence that this administration will ignore the greenies for practical concerns.
I just don't see the administration imposing its will on Alaska and defying the interests of the native Americans to prevent mining on the entire district. Of course we have long speculated that LBSR will have the claims that are more feasible from an environmental standpoint. I won't hate the EPA if they mandate that the sensible compromise is to develop Big Chunk first.
"LOL!"
You clearly have no insight into the time scale necessary for responsible minerals development. You may have also missed the fact that the article documents an expansion of current drilling, and because it is en exploratory effort in new regions, there is plenty of geophysical survey work to be done before any actual leases will be necessary. The companies doing the exploratory survey won't know what to lease for years.
But never mind all that, you go ahead and spread lots of irrational fear around about LBSR, a stock in which you apparently have a vested interest. I just get tired of watching the Obama hating turn into a fear-fest that negatively affects the way some people perceive the potential for LBSR. There is plenty of evidence to suggest that the administration will take a neutral position. Why don't you post some evidence of any gold or copper mining that has been halted by the current administration.
Go LBSR!
I provided links...
...maybe you could bother to scroll down?
Fear is mostly irrational...
...and that goes double for the LBSR investors scared of big, bad Obama. A second Obama term most certainly does not imply doom for the sector or LBSR. While I am not a huge fan of the current prez for some other reasons, the administration has fast tracked some minerals development, including coal and oil, much to the dismay of the greenies in his base. I think they are being somewhat pragmatic in the face of daunting economic realities, and will be hesitant to engage in a p***ing match with PLP.
If he gets a second term, some legacy work will be in order, and saving the jobs numbers before 2016 will be high on the list. Remember, Alaska will face a monster lawsuit if they leased those claims for decades and refuse to permit. Also note that we now have the Native American Corporation aligning interests with LBSR, which will put tremendous pressure on the EPA and the state to find an equitable solution. Ultimately this will be a state's rights issue in a state that has historically allowed huge amounts of mineral extraction over many years, a state that has endured environmental catastrophes and continued producing valuable minerals for export, all the while funneling rebates down to the citizens to give everyone a reason to play ball.
LBSR will not be done in by Obama or the EPA. Briscoe has shrewdly brought in the native interests, who may very well be the folks who provide the next round of financing. I wouldn't call the current administration mining-friendly, but this is not a fight they need, as there is little political gain in opposing states rights and being framed as a job killer. Clearly they are already willing to ignore some environmental interests for political points (see links), so why would they reverse that policy once re-elected? Without the need to rally the base and get elected again, I suspect the administration will be looking at finding a way to not leave office under double-digit unemployment numbers. Time will tell, but I would wager that Obama will get a second term, and that LBSR shareholders will get a fantastic ride either way.
http://money.cnn.com/2012/06/26/news/economy/arctic-drilling/index.htm
http://wvgazette.com/News/201202160210
Good to see you, Stealth...
The pieces we all knew about are finally falling into place. Many people researched LBSR enough to understand the reality of the claims, but stepped back when the A&P debacle stalled us out. Since then JB has greatly augmented the potential of the claims via Tombstone and Hay Mountain.
I fully expect that a large wave of investors will see the LBSR alerts, watch the news unfold, and get back in along the way. Ideally the company will receive favorable assay results from Big Chunk and attract enough interest to fund drilling on another project. The pending 3Q dip in the overall economy should give gold another leg up, perhaps bringing more institutional investment to the sector and increasing visibility for juniors.
I'd love to see us sitting around .20-.25 on assays when the announcement is made that an Anglo/Barrick/Newmont-level player wants in via JV. Anglo and PLP have taken a beating recently, and they need a viable option for moving forward. I won't be surprised when a major steps in, and PLP shouldn't be either, hence the wisdom of moving quickly and decisively.
I was livid when A&P yanked our chain, but I have nearly tripled my position since the lawsuit, and at discount prices. Remind me to invite JB to my retirement party.
The news hit after market close on Friday...
...'Nuff said. If only there was a laser testing method to determine when management was breaking it off in your assets.
I smell toast...
"I'm not sure we can wait for the SEC..."
MMTC doesn't seem to worry about any plans to take them down. Time for MMTC investors to face the facts, including the fact that the local grand wizard of orchestrated BS has been calling for trading halt, SEC indictments, perp walks, etc for over a year. None of it has happened, but MMTC continues to move forward with secured financing and confirmations by independent reviewers like AOAC, NAMSA, and USDA.
MMTC and their staff have endured empty threats, slander, childish insults, unflattering photos, and all these ritualistic writings, punctuated with red like notes passed among catty schoolgirls.
None of the detraction has kept MMTC from contracting with OSI, securing accredited investors, and showing its flagship product at the industry's largest trade show. Face it, the company is much more effective than any of the prophets-O'-doom that still feel the need to assail MMTC daily.
Go MMTC!