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It has been posited here that the MM's will have to cover BEFORE the distribution of new shares, should that occur. Not your take?
12 to 18 months is my guess.
That is probably what he told you BEFORE they quadrupled the size perhaps?
That snow ain't gonna stop a man with a plan ( or many?) I've even seen this cool picture of our CEO in the SNOW wearing a big JACKET checking out a drill core!!!
I know, it blew my mind too!! No, i don't think the winter is going to postpone thier "other activities". Complete silliness.
This whole shorts thing has been beaten like a dead horse here, dang! The whole shorts thing is nothing but a traders wet dream. How often do you see a real short squeeze anyway?.
What's really awesome is that short interest is just icing on the cake compared to where we're going in the long haul... for those willing to exercise patience, that is.
Time is all this one needs IMHO.
One more comment good buddy. Quit be-littling Shiining Tree. That little sprout may make you eat those words someday. Gold ain't going down anytime soon other than the periodic corrections.
Our neighbors are doing LOT'S or drilling and getting tremendous results. Our property also grew by two thirds and is a pretty sizeable chunk in what i believe will prove to be the best producing areas in the district once mining has been occuring for awhile.
There will be a day when NO gold stock with a good shot at production will have a market cap of less then several hundred million$. Mucho money to come to this end of the pond when the miners are the only game in town when it comes to gold.
Don't even get me started on what a sham i believe the gold and silver ETF's are not to mention the possibility that fort knox ain't got no gold and the heavy hands are someday capable of confiscating again.
All IMHO of course.
With all due respect, that's pretty funny "bout the weather in SRSR's part of the world". You should check out the IBox sometime there's this cool drilling picture and they were actually DRILLING IN THE SNOW! I know, blew my mind too! lol.
When they start drilling with the money under thier belt, what do you suppose, they want to progress fast or slow..... think about that for a moment. When they start drilling for the pre- fease i bet they got 10 drills running IMHO. Sheesh, come on dmbao.
I don't know Mr. Getty, but i'll just bet Mr. K has been quiet for a reason. All this talk about neglect of the website etc. is just what goes when the hand is played close to the vest.
Mr. K has been out frying fish outa that easy to ping 'em bucket of his and i really don't believe he's too concerned about where the stock is right now.
I believe what he does going forward here, and is not bound by any NDA's is going to blow a few minds. Mr. k follows in quite a line of success, i doubt he'll do any less. Just remember it took TCK nearly 50 years to get where they are today.
Problem is, as soon as the buying stops the parasites that control this stock will take us back down on nothing. Sad.
Nice to see some one going after the ask for a change.
100% agree! Phenomenal deal.
This article has some very interesting points in it regarding the ability of the public to trade FRN's for redemption in public money meaning United States notes and coin? I've never heard this before.
http://stormthunder.com/
Any comments, i know it's a bit off topic but we are all waiting, with 23,000 traded so far.
No doubt. Gettin tired of being treated like the red headed step child.
I'm gonna shave my head and put on sackcloth & ashes
Dang Webby! I was thinking that too!!! You think Keevil is going to make sure those shares never get exposure to Niostar? LOLLLLL!!
ROTFLMFAO!!
Anybody thinking that has been hittin the sauce a bit too much. By the way, love it when you talk dirty to me! LOL
Excellent post my friend.
Wow, dramatic market recovery on the big boards.
Who put the fire out?
The big news of the day: We have audited financials.
REE article kind of re-hashing what we already know. They mention that Nb has climbed 1000% in price in the last year, can anyone confirm this? OR did they put Nb in place instead of an REE. Not sure.
http://www.safehaven.com/article/22719/chinas-rare-earths-monopoly-peril-or-opportunity
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China's Rare Earths Monopoly - Peril or Opportunity?
By: OilPrice.com | Thu, Sep 29, 2011 Share Print Email The prosperity of China's "authoritarian capitalism" is increasingly rewriting the ground-rules worldwide on the capitalist principles that have dominated the West's economy for nearly two centuries.
Nowhere is this shadow war more between the two systems more pronounced than in the global arena of production of rare earths elements (RREs), where China currently holds a de facto monopoly, raising concerns from Washington through London to Tokyo about what China might do with its hand across the throat of high-end western technology.
In the capitalist West, as so convincingly dissected by Karl Marx, such a commanding position is a supreme and unique opportunity to squeeze the markets to maximize profits.
Except China apparently has a different agenda, poking yet another hole in Marx's ironclad dictums about capitalism and monopolies, further refined by Lenin's screeds after his Bolsheviks inadvertently acceded to power in 1917 in the debacle of Russia's disastrous involvement in World War One. Far from squeezing its degenerate capitalist customers for maximum profit (and it's relevant here to call Lenin's dictum that if you want to hang a capitalist, he'll sell you the rope to do it), Beijing has apparently adopted a "soft landing" approach on rare earths production, gradually constricting supplies whilst inveigling Western (and particularly Japanese) high tech companies to relocate production lines to China to ensure continued access to the essential commodities.
REEs are found in everyday products, from laptops to iPods to flat screen televisions and hybrid cars, which use more than 20 pounds of REEs per car. Other RRE uses include phosphors in television displays, PDAs, lasers, green engine technology, fiber optics, magnets, catalytic converters, fluorescent lamps, rechargeable batteries, magnetic refrigeration, wind turbines, and, of most interest to the Pentagon, strategic military weaponry, including cruise missiles.
Technology transfer is the essential overlooked component in China's economic rise, and Beijing played Western greed on the subject like a Stradivarius, promising future access to China's massive market in return, an opium dream that rarely occurred for most companies. You want unimpeded access to Chinese RREs? Fine - relocate a portion on your production lines here, or...
Which brings us back to today's topic.
Rare earths and investment - where to go?
China is riding a profitable wave, which depending on what figures you read, produces 95-97 percent of current global supply, and unprocessed raw earth earths ores are currently going for more than $100,000 a ton, or $50 a pound, which some of the exotica fetching far more (niobium prices has increase an astounding 1,000 percent over the last year). Rare earth elements like dysprosium, terbium and europium come mainly from southern China.
According to a United States Energy Department report, dysprosium, crucial for clean energy products rose to $132 a pound in 2010 from $6.50 a pound in 2003.
The soaring prices however have also invigorated many countries and producers to begin looking in their own back yards, for both new deposits and former mining sites that were shuttered when production cost made them uneconomic before prices went through the ceiling.
However, a number of unknown factors play into developing alternative sources to current Chinese RRE production. These include first prospecting possible sites, secondly, their purity and third, initial production costs, where modest Chinese labor costs are a clear factor.
The 17 RRE elements on the Periodic Table are actually not rare, with the two least abundant of the group 200 times more abundant than gold. They are, however, hard to find in large enough concentrations to support costs of extraction, and are frequently found in conjunction with radioactive thorium, leading to significant waste problems.
Yea, just about every gold stock has the same chart as lode
Here's a little tid bit from our buddies over at The Daily Reconing. Come on, let's get that spin out done!!
The Biggest Threat to the Gold Mining Industry
09/26/11 My friend Brent Cook is buying gold right now... But not for the reasons you'd expect.
Brent is no "doom and gloom" gold bug. He doesn't think the dollar is going to collapse any time soon.
Brent simply knows the world is running low on gold... which could drive the price of his favorite stocks much, much higher.
He has unique insight into the gold business. He's one of the best mining geologists in the world...and he spends an extraordinary amount of time visiting mines and analyzing mining data. He shares his thoughts in his Exploration Insights newsletter.
Last week, Brent told readers about the latest on a huge story happening in the gold business: Gold companies are spending enormous amounts of money to explore for gold...with little to show for it.
According to numbers from the world's largest gold miner, Barrick Gold, the entire industry is having more and more difficulty finding new gold deposits.
Here's how Brent summed up the situation...
"Current global mine production is in the order of 85 million ounces per annum, whereas...the last time the industry found that many ounces in a year was 1999.
This dearth of new discoveries is despite the significant increase in exploration spending since 2002. Particularly disconcerting (to the larger mining companies at least) is the decline in discoveries since 2006 notwithstanding exploration spending has more than doubled from $2.5 billion to over $5 billion."
The years from 1850 through 1900 were incredible for gold discovery. That's when prospectors found the giant goldfields in Australia, Canada, South Africa, Colorado, and California. However, the modern era of discovery didn't begin until the 1960s.
Geologist Forbes Wilson found the world's largest gold mine, Grasberg, in 1960 in Papua, Indonesia. Geologists John Livermore and Alan Coope discovered the largest gold producing region in the United States, Nevada's Carlin Trend, in 1965. Since then, we've scoured the planet for the "easy gold" — the stuff that sticks up out of the ground in relatively safe, functional countries.
But now, all of the "easy gold" has been found. (It's a lot like the situation in oil, which I've told you about here.) Mining and exploration companies are still finding some good deposits... They're just generally in inhospitable, remote, or downright scary places.
For example, one "top 10 in the world" deposit that I like, Seabridge Gold's KSM Deposit, is a monster gold deposit... The only problem is that it's in a far-off corner of British Columbia. To mine this deposit, the company needs to build a long tunnel...just to get the construction equipment in. I still like owning the stock. But it will take billions of dollars of capital investment to develop the deposit.
Another monster gold and copper deposit, Alaska's Pebble Deposit, is next to a pristine wildlife area. This creates just as large a hurdle as a lack of roads.
Plus... The costs of gold production (things like fuel, labor, and infrastructure) has more than doubled from 1997 to 2009. The price tag to build a new mine these days can run into billions of dollars. The mine must be able to repay that cost within a year or two and then produce a reasonable return on the investment. The huge upfront costs set the bar high in terms of the size and quality of deposits that big gold companies are willing to pursue.
This just means the highest-quality, large, undeveloped gold deposits in the world are getting increasingly valuable. As $1,500-plus gold sends a surge of profits into the coffers of big gold miners, you'll see fat premiums paid for great projects.
Mining giant Newmont paid a big premium in 2010, when it spent $2.3 billion to acquire junior explorer Fronteer Gold. One day, Fronteer was worth about $10 per share. The next day, it was worth $14. Investors doubled their money in a few weeks on that deal.
In sum...the world is running low on gold. The "easy gold" has already been found. That's why Brent is scouring the world looking for great gold projects...
Right now, he's a fan of investing in deposits in Mexico... Although you hear lots of negative "gang related" headlines from mainstream media sources, Mexico is actually a great jurisdiction for miners. And he's made good money by owning shares of Almaden Minerals, which is exploring a promising gold project called Ixtaca.
Potential deposits like that aren't easy to find... But they'll be worth hundreds of percent more in the coming years.
Some would even call it a buying opportunity, eh?
They finally closed that stupid gap at 2.20
Any chance you'll be at the meeting?
Feel your pain here. WE know by the circular that Mr. Keevil has 31,709,136 shares. Why would he forge a plan that screws himself and the share holders in the LONG run?
Some of the un-knowns just don't add up. I'm with Mr. Livermore... I'm sittin.
Until hopefully, god willing, we shut you up for good.
I have to agree. Nice post. We are the featured property next year (April i believe) at the mining convention in Hong Kong.
I can't help but feel like the tide will be coming in when the story gets out on that side of the pond.
Holy smokes think what exposure to a few hundred million Asians could do for the share price!
Course there is still the potential of that non existant short covering thingy....
Exactly. I boggles the mind to think the breadth and depth of the resource here!
Not to sure about that silver, i've paid dearly for 44's in the past. :0)
Aside from that i say buy away, were only going up from here.
Nice article on the juniors!
http://www.safehaven.com/article/22397/why-juniors
Why Juniors?
By: Richard Mills | Fri, Sep 2, 2011 Share Print Email As a general rule the most successful man in life is the man who has the best information
It's a fact in the mining world that most discoveries are made by a) junior mining companies and b) old time individual prospectors. Why are the juniors so successful at making discoveries and finding mines? Well, the good ones are lean mean boots on the ground exploration and development companies run by people who have been out there and know what it takes. They know how to raise money from the suits and they know how to get the story out to the retail investor.
They are not tied up in bureaucratic red tape and can make the important decisions without commissioning a six month study or running it up through 12 layers of pencil pushers and then sitting on their butts waiting for an answer while somebody else scoops the prize. They can and do make up their minds very quickly and can execute immediately on plans.
I believe junior resource companies offer the greatest leverage to increased demand and rising prices for commodities. There is also a very real and increasing trend for Mergers and Acquisitions (M&A) in one of the few bright spots available for investors - resources.
"As the potential for commodity scarcity escalates, M&A activity in the global mining sector will likely intensify, mimicking a 'global arms race. With few large targets in play and diminishing key resource reserves, we expect global miners will continue to scour the globe for projects and broaden their deal strategies." M&A in the Global Mining Sector - No Stone Unturned, PricewaterhouseCoopers
Juniors, not majors, own the worlds future mines and juniors are the ones most adept at finding these future mines. They already own, and find more of, what the world's larger mining companies need to replace reserves and grow their asset base.
Junior resource companies, the owners of the worlds next mines, are soon going to have their turn under the investment spotlight and should be on every investors radar screen.
If I was looking for superior investment vehicles to take advantage of what I think I know regarding the future for commodities I'd be looking at junior producers, near term producers and companies that are in the post discovery resource definition stage with the occasional green field exploration play thrown into the mix.
Remember, our junior resource companies, the same ones who today are so oversold and undervalued, are the present owners of the world's future commodities supply.
Company Stage - Risk vs. Reward
Juniors are risky, managing that risk is what investing in the junior resource sector is all about - in a nutshell it's all about when you invest. Some people invest extremely early because of management, some on the possibility of what a property might host, some people will wait and invest as you start to drill and build resources thus reducing their risk. You pay less because there is more risk or you pay more because there is less risk, only you can decide the level of risk you can tolerate and how much patience you have to sit while developments, the story, plays out.
The most upside (and by far the greatest risk) comes from buying a junior when they are exploring and make an initial discovery. Great drill assay results can send a juniors share price skyrocketing. The reverse can also be true. Junior explorers, the green field plays, are the riskiest plays by far. Strike out on assay results and it could be goodbye to a share price rise for a very long time - till the company finds another project they can work on. If you're buying into this kind of play make sure the company has another fallback project in its portfolio.
My favorite stage junior is a junior in the post discovery resource definition stage (also known as brown field stage companies). These companies have already found something, the share price has settled back after the initial discovery (never chase a company whose share price has already exploded, the share price has had its run, for now the moneys been made. I try and enter after the excitement has died down and the share price has settled back) and the company is going in to see what they have and hopefully produce a 43-101 compliant resource estimate and build upon it. The risk has been greatly reduced, the waiting time for a discovery non-existent and the reward very nice considering the much lower amount of risk.
For nearer term producers - for those further down the development path towards a mine - you have:
¦Preliminary Economic Assessment's (PEA) or scoping studies are done to examine potential mining scenarios and economic parameters - A PEA or scoping study is an important milestone for a mineral project, it's the first step in a company's economic and technical examination of a proposed mine
¦Preliminary feasibility studies or pre-feas studies are more detailed than PEA's and are used to determine whether or not to proceed with a detailed feasibility study. They are also used as a reality check to determine areas within the project that require more attention
¦Feasibility studies will determine definitively whether or not to proceed with the project. A feasibility study or bankable feasibility provides budget figures for the project and will be the basis for raising capital to build the mine
Remember all these different stage studies are only yes/no decisions on whether to move to the next stage. NONE of them mean you are going mining, there's no mine till every stage is completed, permits approved and the necessary financing has been arranged.
Because these companies are well advanced along the development path a lot of the guesswork about grade, size, costs and metallurgy have been taken out of the equation for us. They have done sufficient work to give investors a certain level of confidence that their project will successfully move towards being a mine. The later stage companies (those doing feasibility, permitting and money raising) can have an excellent entry point for investors - they often enter a quiet period when they are doing the advanced studies and raising money to go into production. They often base (a flat share price) for quite a while through this period - possibly a good time for accumulation of their shares if you believe in the story. After the money is raised for production investors can see they are going mining - cash flow is just over the horizon - and the share price will often break out of its trading range.
With producers you have to look at the balance sheet, consider their plans for the future and judge for yourself the ability to meet those plans. Remember cash flow is king, but can they grow that cash flow? These large well established producers have the least risk and the least upside. But gains could be steady and maybe they pay a dividend.
The International Monetary Fund (IMF) recently published its report World Economic Outlook for October 2010 and in it they talked about commodity demand from emerging countries. "Because their growth is more commodity-intensive than that of advanced economies, the rapid increase in demand for commodities over the past decade is set to continue...the current era of higher scarcity, rising metal price trends and a balance of price risks tilted toward the upside may continue for some time."
Also consider the following:
¦Population growth
¦Scarcity of new resource discoveries
¦Declining grades and ore reserves at existing deposits
¦Resource nationalization
To me it all means we are going to see much tighter supplies of, and higher prices for commodities going forward.
Because of:
¦Rising commodity prices
¦Soaring share prices because of outstanding drill assay results
¦Increased excitement being brought to the junior sector by increasing M&A activity for junior "fish"
The soon to be tidal wave of money coming into the resource sector is going to bypass the majors and roll right over the few surviving mid-tiers. This money is going to be looking for the greatest leverage to increased commodity demand, rising commodity prices and the potential for an extremely lucrative buyout.
This is going to happen at the same time senior miners are going to be buying, earlier in their life cycle, junior exploration and development companies.
New money is coming into the junior sector, bids are building and the asks are being taken out. Significant drill assay results are giving companies share prices a rocket ride when released.
Conclusion
It's an exciting time to be an investor in the junior resource market. Are there some quality junior producers, soon to be producers, post discovery resource definition, green field exploration companies and potential takeover targets on your radar screen?
If not, maybe there should be.
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Yup Yup we too's got lotsa GOLD!!
Until the funds have had thier fill on LODE they will continue to sit heavy on it. This will go on another month or so IMHO.
Converge Global. That was the Co. we jv'd with on the Shining Tree property. The current chart shows a spike to 44.50. It was .4450 at the time. Looks like they had a 1-100 r/s and currently sit at .03
Could be a few bag holders on that one.
Seems like LODE goes up when gold goes down and down when gold is up. If we can get gold down to 1200 maybe we can see the old highs on LODE. IMHO
Sorry, did'nt see all the posts about this before i posted.
Made that up myself. Just a guess. 25 year mine plan, already 2.8 billion gold equivelant on less than 3% land holdings. I don't think it unreasonable but time will tell.
P.S. I also see stock splits ( forward )and dividends in the future... but i digress.
I know, it blows my mind. Check out this quote derrived from one of my others today.
"The Gold Report Interview with Jared Sturdivant (4/4/11) "We look for two underlying components in an investment: Value and a catalyst. Typically, the catalyst is a restructuring of some sort. One company on the gold-/silver-mining side is xxxxxxxx Mining"
These are institutional INVESTORS.
We have the value in the rocks, just need them PROVEN.
We now can see the catalyst straight ahead, the restructuring of the asset OFF of the pinks and they jump ship?!!
unbeREEvable.
Me thinks this needs to b stickied.
Great find! This is freakin awesome stuff. These guys are good. How can you say no to that?!! Million oz. producer some day commin up!!!
Interesting. This thing stinks like a pink. Trades like a pink. Has all the pinkie warts. Frustrating as hell. However, all this for now.
#5 is an awesome point when you think about it. What penny stock CEO would care what the shareholders think indeed. Yet, as has been pointed out before here many times, Scott does not fit the pinkie mold. This will become more evident here real soon.
Thanks for that great post Web.
The problem is the bid sitters that claim to support the stock. Without ask buyers we go down plain and simple.
Who says we won't be listed in the U.S.?
What da hay makes you think Merle writes the PR's for crying out loud?
I feel it very short sided to believe that the current share price is reflective of the true value that lies within.
It has been a consensus among the watchers here that the price has been manipulated and held under control for quite some time by who, we don't know and why, we don't yet know.
I think you may need to move that decimal over a bit to get even close to where the true value reflected in price might be. IMHO