...waiting for XMET to hit the sky!
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AMY competition??? anyone care to share your views about this? In my opinion Larry needs to hurry up and get this thing going ASAP...if not he is going to look like the twin brothers that invented facebook!
Buchans Minerals Corporation (BMC.V) has reported that Thibault & Associates Inc., of Fredericton, N.B. has completed a bench scale test program for development of a hydrometallurgical flowsheet for recovery of manganese on a representative composite sample prepared from the 2011 drill program of the Company's Plymouth manganese deposit, located in New Brunswick, Canada, which has an average weighted grade of 11.07% manganese and 15.25% iron.
The bench scale test program successfully demonstrated that, at optimum leach conditions, leach recoveries averaging 96.6% (range of 94% to 98%) could be achieved using a single stage sulphuric acid leach.
The Plymouth deposit is one of three deposits acquired by the Company in 2010 located within the Company's 100% owned, 5,800 hectare, Woodstock Manganese mineral claims. Based on historical work, these deposits potentially represent one of the largest undeveloped manganese resources in North America.
Close to 1.4 million shares have been traded so far.
Here are some links about this:
Read more: http://community.nasdaq.com/News/2012-05/buchans-minerals-produces-high-purity-manganese-electrolyte-yet-shares-drop-23.aspx?storyid=138944#ixzz1tvbCIVWX
http://www.newswire.ca/en/story/967001/buchans-minerals-successfully-produces-high-purity-manganese-electrolyte-for-the-production-of-electrolytic-manganese-metal
Just sharing my toughts...I am not really happy with this world economy! This company needs to hurry up and do something good. I am tired of seeing Larry say the same story over youtube and other sites over and over again! I am tired of hearing delay this dealy that. Go get a JV partner and make this happen. Stop beating around the bush. Anybody outhere got 200Million dollars you can let Larry borrow for a couple of years (he said he will payback in 1 year) lol. On a serious note I wish I had money to invest because I would back up the truck and fill it up with AMY shares! gzood luck everyone!
I got 10,000 and planning to add more when I get more money. Add that to the count lol.
Ask Larry if he is planning on selling EMM to China and India. Is he actively contacting congress and Dep. of Energy? Also ask him if he is looking to partner up with Ford, GM (or any other) to supply EMD or LMD?
Thanks Value! I am always reading what you guys post. Always good info! I was just curious about the pps calculations (since I don't have a clue). Thanks again.
Just human nature...not specific from the board and no I don't get offended so easy. I love honest people. The way I see life is with truth and reality. All I want is to learn. That's it. People can make their opinions and you are right this is an excellent board.
Don't be! I wanted people's opinion and I got it. I just want to see people's views and knowledge on this stock. I read everything that gets posted here daily, but I barely comment because people love to attack other people base on what they read. If you come accross something wrong educate people on it and make me(us) better with the "right" knowledge. I had this stock for almost a year now been up, been down. My dollars are right next to yours my dear readers! So please keep up the good work everyone educating us(me). What I would like to see here from the experts is a nice formula on how to calculate the price per share of this stock base on all the available info today (step by step), educate this so called "ignorant" person. Have a wonderful day everyone!
$255 PPS for AMY prediction. This is an article that I have had for a while (June 23, 2011) and maybe it was shared when it came out. I wonder if this number changed after the new drill results. Wonder how the EMD/LMD would play into this...anyone care to comment?
A look at the company’s profile on ResourceIntelligence.com convinces us further that American Manganese has a winner in its hands. The current NI-43-101 compliant resource estimate of the Artillery Peak Manganese deposit includes an indicated resource of about 92.8 million tonnes grading 3.27% Mn (6.7 billion lbs contain Mn), and an Inferred resource of about 107.2 million tonnes grading 3.76% Mn (8.9 billion lbs contained Mn). Plugging these figures and today’s manganese prices of $1.80/lb into our resource calculators, we get mind-boggling results: the gross project value is about $22 billion, while the gross project value per share is about $255, given the shares outstanding of 87,192,639. Currently, AMY trades at about 58 cents per share.
Here is the link:
www.resourceintelligence.net/hot-stocks-american-manganese/18055
New video for AMY.
When this thing hits $50 dollars I will by the house down the street!!! ... and then invite all of you for a loooooooong house warming party! Strippppppeeeerrrss included! RSVP me asap lol!
J. Peter Zhang: U.S. Manganese Supply Is a Strategic Necessity
TCMR: What is the size of the worldwide manganese resources at this point? Are they somewhat defined? How quickly are they being depleted?
PZ: The U.S. Geological Survey’s study of manganese reserves outlined a limited quantity of high-quality ore with total reserve of 540 million tons globally. Australia and Africa offer some of the highest grades of manganese. North America, unfortunately, just isn’t home to a lot of high-grade manganese deposits. That is why the method for extracting metals from the ore could be the game changer for companies vying to fulfill domestic demand. The better the extraction technology, the more likely the company is to be a frontrunner.
For example, American Manganese Inc. (AMY:TSX.V; AMYZ:OTCPK; 2AM:Fkft) has a large resource in Arizona with good infrastructure. The grade of the deposit is not as high as those in South Africa, but it is one of the largest manganese deposits in the United States. The company has been actively working on a new hydrometallurgical process to extract lower-grade manganese into the high-purity metal. If that proves to be a reliable solution, then that will change the way manganese is produced on this continent. The cost of producing EMM using this innovative technology is much lower and energy-efficient than the method Chinese producers use. That could change China’s dominance over global EMM supply.
TCMR: Will that process be applicable to a variety of deposits? Or is it somewhat unique to American Manganese?
PZ: My understanding is the successful pilot testing done is designed to leverage the deposits in American Manganese Inc.’s Artillery Peak project. In general, the process is to resolve the lower-grade ore issue and to achieve a less energy-intensive purification process, simultaneously reducing environmental damage. Using this new technology could potentially make American Manganese a major player in the EMM world.
Here is the link:
http://jutiagroup.com/20111004-j-peter-zhang-u-s-manganese-supply-is-a-strategic-necessity/
It is going to matter to that person in a couple of years! That quick gain is going to cost him a lot of profit!
"We’re going to eliminate that within a month"...you should see the smile on my face when I read that! To me this is the turning point! We are at a crossroads now! The next six months are going to be really exciting! I am looking forward to it! Educate your friends about this company!
SFIO is worth $o.oo42 and the DOW is worth $10,992.13 not bad! I can really see your point!
Traderfan you said: "I'm just saying there is a reason why this one is trading at 54 cents still."...in my opinion if the public is not educated on what this company offers and they really don't realize what it could become. I am a construction worker and 100% of the people that I talk to about this company say: "Manga what?" "Magnesium???" and I say "Manganese" and they reply "what is that?" Then I explain what it is and the uses and they are like "aaaaaaahhh ok I get it is a good concept..." On the other hand using gold as an example is something that everyone understands and is simple, gold = $ no brainer. So I have the PDF file on my phone with the company presentation and I spread the knowledge. To answer your comment...it is still at 50 some cents because it is not 2016 or 2020 (year)...wait and see!
I'm in the military and I have a co-worker that got hit by lightning twice in one year. So anything is possible...he got medically discharged after the second hit...in case you wonder...
Can somebody explain me what is this whole deal about the LOI and how will this affect my shares?
Can anybody explain how are we going to be affected by this?
I think you forgot to add the 2AM from the German exchange.
Will AMY split their shares (not reverse split) anytime before the year 2020. I have been looking around at a lot of companies that do this for "x" or "y" reasons and it looks like the norm for growing companies...anybody cares to speculate and have some fun with this?
Not a video but here are some pictures my friend... http://www.amydata.com/data/PilotPlantPresentation.pdf
Pilot Plan is here!
see photographs at:
http://www.amydata.com/data/PilotPlantPresentation.pdf
("American Manganese" or the "Company"), is pleased to announce pilot plant test work has commenced to confirm and extend the conceptual process developed by Kemetco Research Inc. ("Kemetco") in 2010. The pilot plant, designed and built by Kemetco with input from BI Pure Water Inc. is assembled in modular form.
The initial stages include pre-leach and batch leach units coupled with a thickener and three stage counter current decantation (CCD) that can be operated in continuous mode in varied configuration at feed rates up to 50 Kg/hr. These unit operations will provide key information for leaching the manganese and production of pregnant leach solution as well as expectations of quality of residual leached solids (tailings). Bulk quantities of pregnant leach solution will be purified before separating the manganese as solid manganese carbonate and further processing the spent solution to recover a saleable byproduct sodium sulphate.
Arrangements have been made with contractors to provide expertise in such areas as liquid-solid separation, crystallization and nano-filtration which are key unit operations included in the proprietary technology.
Electrowinning to produce high purity manganese metal will be done using the purified manganese carbonate, initially dissolving it in sulphuric acid but thereafter recycling the spent anolyte to consume the sulphuric acid generated in electrolysis. As this work progresses recycle streams can be evaluated to determine and monitor impurity build up as it occurs. Some manganese carbonate will be used to produce high purity electrolytic manganese dioxide (EMD) which is to be evaluated for use in lithium manganese oxide batteries. Bulk samples of waste solids will be set aside for basic environmental work.
Wardrop, A Tetra-Tech Company (Wardrop), has been commissioned to put together the pre-feasibility evaluation report. They are working in conjunction with Kemetco who has total responsibility and authority for the pilot plant work under the direction of Dr. Gie Tan. Pilot plant work is expected to be completed with results available for Wardrop's pre-feasibility report scheduled for October, 2011.
I know right...
Manganese DD on AMY's competition. MOIL is currently the world's lowest cost producer of manganese ore. I am not here to promote this company, I do not own any shares or even know where in India is this place because I can care less. I am just sharing the article because it has some good information on the actual supply and demand on manganese ore. At the end I provided the link for reference only. Comments on this subject are welcome!
As expected, MOIL's first quarter results were negatively impacted by the weakening trend in manganese ore prices. But even as the price of the steel-making ingredient may have reached rock bottom levels, given the underlying trends in the global industry, it will be a while before prices recover enough to benefit MOIL's earnings.
Owing to the high demand of manganese ore in 2007-08, several miners expanded capacities exponentially creating a surplus. Currently, the total global requirement for manganese ore is 35 million tonne, whereas production is 47 million tonne - resulting in an excess of 12 million tonne.
Moreover, the production of steel, the main user industry for manganese, has increased by 15% while manganese ore production is up 33%. This has created a double whammy negative impact on manganese ore prices, the effect of which is not likely to subside anytime soon. But one can take solace in the fact that prices are not likely to go beyond current levels, as it would become unviable for companies to operate, affirmed the management of MOIL.
MOIL is currently the world's lowest cost producer of manganese ore. It has zero debt on its books and cash balance of Rs 2,000 crore as on June 30, 2011. During the April-June 2011 quarter, the company's revenue was Rs 210.08 crore, 40% less than what it reported a year ago, on account of degrowth in volumes and lower prices.
Volumes declined by about 18% to 221,000 tonne as several buyers found it cheaper to import the ore rather than buy it domestically as the import duty on manganese ore is a mere 2%. Despite lower costs, the fall in sales resulted in a decline in operating profit to 126.67 crore, half of what it was in the year-ago period. Consequently, earnings per share (EPS) was reduced by 40% to 6.5.
The stock trades at 310, which is 10 times its trailing 12 months EPS. Unfavourable market conditions have wiped out almost half of the company's market capitalisation since it listed on the bourses in December 2010. The share price of MOIL has moved in tandem with the price of the ore.
Given that manganese ore prices are not likely to fall further from here, one could assume that the share price of MOIL has also bottomed out as the fundamentals of the company remain in tact.
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/moil-prospects-dim-on-fall-in-ore-prices/articleshow/9571576.cms
No is not a misprint that is why I included the link so they can read it and prove that I am not making it up!
AMY has new competition! Read this article! I was worried (for 2 seconds) till I started reading this article. I think is funny. People need to do research on competition before they venture on a project this size! They have a whole "one billion pounds of manganese" (uuuuuhhhh I'm scared) and here is the funny one it is 400ft feet below the earth’s surface and they have no idea how to separate the mineral from the silica and iron. If you contrast this with AMY it will make you feel so much better that our people know what they are doing and dealing with! This article boosted my morale towards American Manganese 1 million percent!....Read it below. I provided the link at the end for proof too! Have a nice day and enjoy!
Emily Manganese Demonstration Project Completes Extraction, Moves Into Next Phase of Study
Web posted August 9, 2011
Cooperative Mineral Resources (CMR) announced, on Friday, August 5, 2011, it has completed the extraction phase of the Emily manganese demonstration project testing an extraction method that uses groundwater to retrieve valuable manganiferous ore from 200-400 feet below the earth’s surface. The project began extracting ore from the site last winter. It now has recovered enough material to complete the testing and review will now begin to determine if the technology is feasible and the deposit significant enough to support a commercial operation.
“This is another important milestone for us as we continue to learn more about the deposit and this new process,” said Bruce Kraemer, president and CEO of CMR. "Information from the drill site, the processing facility, and the lab work is invaluable. This deposit is very unique and represents an important economic opportunity for our community. The challenge is to learn as much as we can to help us determine if it makes fiscal and environmental sense to move forward with plans for a commercial operation.”
Some of the ore material from the site is being studied and tested by the University of Minnesota’s Coleraine Minerals Research Laboratory. This work includes analyzing the quality and quantity of manganese in the ore, as well as looking at different ways to separate the mineral from the silica and iron. The testing and review will continue as part of the final phase of the demonstration project.
Once that study is complete, the project team will review the relevant information from the site and the lab to determine whether to proceed to develop a commercial mine. If CMR decides to move forward with plans for a larger-scale operation, a new and significantly more complex environmental review and permitting process would begin, including an Environmental Impact Statement and significant review from the City of Emily, the surrounding community, as well as permitting by state and federal regulatory agencies. The review and permitting processes for a commercial operation could take several years.
“Our goal from the beginning has been to make sure our local community receives the benefit from a local resource,” Kraemer said. “We have gone through this demonstration process to learn more about the ore and its makeup, and to see if this water-based process could work. We are encouraged by what we have seen, but we now need to get all of the information together to help us make the best decision about what happens next.”
About Cooperative Mineral Resources
CMR is a subsidiary of Crow Wing Power. It purchased the land and mineral rights in Emily in 2008. The 12-acre site contains approximately 1 billion pounds of the richest manganese ore known in North America.
Article submitted by Char Kinzer
http://www.northlandpress.com/EMmanganesenextphase8911.html
I agree with you... Compare AMY to a roller coaster... Why in the world would you jump out of this ride while is moving? Wait till we get to where we are going and get out safe.
I agree 100% with what you said! I own my fair shares of SFIO and I am here to stay! look at people that owned this stock when it was at $0.0001 they are sitting pretty good right now... I believe in OTC as long as you have a product that you know is going to make "sense" if you invest in it...example I have another stock that also trades on the OTC, the name is American Manganese Inc.(don't ask me about it I am not here to promote it do your DD) the point is companies like SFIO are game changers and it takes vision to make a leap of faith! Remember The Matrix when Neo had to make the jump???... I took my red pill already lol! Have fun investing!...and remember patience will beat the most skilled investors out there!
or they arrest more people lol! (seriously I hope not) I got my beans here too! with a $5 deal I will pay off my house!
AMY can truck AQUAFINA bottled water for all I care! LOL! It is going to be cheaper than China anyways!
Thanks for your opinion
Up, up, up and away.... It is also third in terms of volume, just behind the New York Stock Exchange and the Nasdaq Stock Exchange... What makes me think that AMY is going to be on the radar more often!... Is that good or bad for us???
When they remove this lock... oh my gosh this thing is going to blow to the sky! I bet it will make it to $0.10 on one single day!
Best PR ever and it was free!!!!
Back from the dead people! This is the best PR ever hahahahahaha!
The heat is on for sodium-manganese oxide rechargeable batteries
New method to make sodium ion-based battery cells could lead to better, cheaper batteries for the electrical grid
RICHLAND, Wash. -- By adding the right amount of heat, researchers have developed a method that improves the electrical capacity and recharging lifetime of sodium ion rechargeable batteries, which could be a cheaper alternative for large-scale uses such as storing energy on the electrical grid.
To connect solar and wind energy sources to the electrical grid, grid managers require batteries that can store large amounts of energy created at the source. Lithium ion rechargeable batteries -- common in consumer electronics and electric vehicles -- perform well, but are too expensive for widespread use on the grid because many batteries will be needed, and they will likely need to be large. Sodium is the next best choice, but the sodium-sulfur batteries currently in use run at temperatures above 300 degrees Celsius, or three times the temperature of boiling water, making them less energy efficient and safe than batteries that run at ambient temperatures.
Battery developers want the best of both worlds -- to use both inexpensive sodium and use the type of electrodes found in lithium rechargeables. A team of scientists at the Department of Energy's Pacific Northwest National Laboratory and visiting researchers from Wuhan University in Wuhan, China used nanomaterials to make electrodes that can work with sodium, they reported June 3 online in the journal Advanced Materials.
"The sodium-ion battery works at room temperature and uses sodium ions, an ingredient in cooking salt. So it will be much cheaper and safer," said PNNL chemist Jun Liu, who co-led the study with Wuhan University chemist Yuliang Cao.
The electrodes in lithium rechargeables that interest researchers are made of manganese oxide. The atoms in this metal oxide form many holes and tunnels that lithium ions travel through when batteries are being charged or are in use. The free movement of lithium ions allows the battery to hold electricity or release it in a current. But simply replacing the lithium ions with sodium ions is problematic -- sodium ions are 70 percent bigger than lithium ions and don't fit in the crevices as well.
To find a way to make bigger holes in the manganese oxide, PNNL researchers went much much smaller. They turned to nanomaterials -- materials made on the nanometer-sized scale, or about a million times thinner than a dime -- that have surprising properties due to their smallness. For example, the short distances that sodium ions have to travel in nanowires might make the manganese oxide a better electrode in ways unrelated to the size of the tunnels..
To explore, the team mixed two different kinds of manganese oxide atomic building blocks -- one whose atoms arrange themselves in pyramids, and another one whose atoms form an octahedron, a diamond-like structure from two pyramids stuck together at their bases. They expected the final material to have large S-shaped tunnels and smaller five-sided tunnels through which the ions could flow.
After mixing, the team treated the materials with temperatures ranging from 450 to 900 degrees Celsius, then examined the materials and tested which treatment worked best. Using a scanning electron microscope, the team found that different temperatures created material of different quality. Treating the manganese oxide at 750 degrees Celsius created the best crystals: too low and the crystals appeared flakey, too high and the crystals turned into larger flat plates.
Zooming in even more using a transmission electron microscope at EMSL, DOE's Environmental Molecular Sciences Laboratory on PNNL's campus, the team saw that manganese oxide heated to 600 degrees had pockmarks in the nanowires that could impede the sodium ions, but the 750 degree-treated wires looked uniform and very crystalline.
But even the best-looking material is just window-dressing if it doesn't perform well. To find out if it lived up to its good looks, the PNNL-Wuhan team dipped the electrode material in electrolyte, the liquid containing sodium ions that will help the manganese oxide electrodes form a current. Then they charged and discharged the experimental battery cells repeatedly.
The team measured peak capacity at 128 milliAmp hours per gram of electrode material as the experimental battery cell discharged. This result surpassed earlier ones taken by other researchers, one of which achieved peak capacity of 80 milliAmp hours per gram for electrodes made from manganese oxide but with a different production method. The researchers think the lower capacity is due to sodium ions causing structural changes in that manganese oxide that do not occur or occur less frequently in the heat-treated nano-sized material.
In addition to high capacity, the material held up well to cycles of charging and discharging, as would occur in consumer use. Again, the material treated at 750 Celsius performed the best: after 100 cycles of charging-discharging, it lost only 7 percent of its capacity. Material treated at 600 Celsius or 900 Celsius lost about 37 percent and 25 percent, respectively.
Even after 1,000 cycles, the capacity of the 750 Celsius-treated electrodes only dropped about 23 percent. The researchers thought the material performed very well, retaining 77 percent of its initial capacity.
Last, the team charged the experimental cell at different speeds to determine how quickly it could take up electricity. The team found that the faster they charged it, the less electricity it could hold. This suggested to the team that the speed with which sodium ions could diffuse into the manganese oxide limited the battery cell's capacity -- when charged fast, the sodium ions couldn't enter the tunnels fast enough to fill them up.
To compensate for the slow sodium ions, the researchers suggest in the future they make even smaller nanowires to speed up charging and discharging. Grid batteries need fast charging so they can collect as much newly made energy coming from renewable sources as possible. And they need to discharge fast when demands shoots up as consumers turn on their air conditioners and television sets, and plug in their electric vehicles at home.
Such high performing batteries could take the heat off an already taxed electrical power grid.
###
Reference: Yuliang Cao, Lifen Xiao, Wei Wang, Daiwon Choi, Zimin Nie, Jianguo Yu, Laxmikant V. Saraf, Zhenguo Yang and Jun Liu, Reversible Sodium Ion Insertion in Single Crystalline Manganese Oxide Nanowires with Long Cycle Life, Advanced Materials, June 3, 2011, DOI 10.1002/adma.201100904 (http://dx.doi.org/10.1002/adma.201100904).
This work was funded by the Department of Energy's Office of Science and Office of Electricity Delivery & Energy Reliability.
EMSL, the Environmental Molecular Sciences Laboratory located at Pacific Northwest National Laboratory, is a national scientific user facility sponsored by the Department of Energy's Office of Science. EMSL offers an open, collaborative environment for scientific discovery to researchers around the world. EMSL's technical experts and suite of custom and advanced instruments are unmatched. Its integrated computational and experimental capabilities enable researchers to realize fundamental scientific insights and create new technologies. EMSL's Facebook page.
Pacific Northwest National Laboratory is a Department of Energy Office of Science national laboratory where interdisciplinary teams advance science and technology and deliver solutions to America's most intractable problems in energy, national security and the environment. PNNL employs 4,900 staff, has an annual budget of nearly $1.1 billion, and has been managed by Ohio-based Battelle since the lab's inception in 1965. Follow PNNL on Facebook, LinkedIn and Twitter.
Here is the link where I got it from...
http://www.eurekalert.org/pub_releases/2011-06/dnnl-thi060711.php
Manganese prices have dropped 18 percent since the end of March as inventories in China, the biggest consumer, rose to a record at the end of last month, Royal Bank of Scotland Group Plc analysts led by Todd Scott said yesterday in a report. With new large projects scheduled to start output “we see risks that manganese will remain at depressed prices for the foreseeable future,’” they said...wait till AMY get into production hahahahahaha! Then you will see us making money on the "low" price of manganese! since we are the lowest producer in the world...take that and rewind it back...
here is the link where I got it from:
http://www.bloomberg.com/news/2011-06-24/bogolyubov-s-consolidated-minerals-studying-ipo.html
Buy the dip or sell?..anybody care to share their opinion?
AMYZF sitting on a 22 Billion dollar mountain trading at 58 cents!
A look at the company’s profile on ResourceIntelligence.com convinces us further that American Manganese has a winner in its hands. The current NI-43-101 compliant resource estimate of the Artillery Peak Manganese deposit includes an indicated resource of about 92.8 million tonnes grading 3.27% Mn (6.7 billion lbs contain Mn), and an Inferred resource of about 107.2 million tonnes grading 3.76% Mn (8.9 billion lbs contained Mn). Plugging these figures and today’s manganese prices of $1.80/lb into our resource calculators, we get mind-boggling results: the gross project value is about $22 billion, while the gross project value per share is about $255, given the shares outstanding of 87,192,639. Currently, AMY trades at about 58 cents per share.
Equity research firm Laurentian Bank Securities shares our optimism about AMY’s future. On May 6, it assigned American Manganese a price target of $2.90, up from its recent price of just 59 cents.
Currently, American Manganese is undertaking a drilling program of more than 10,000 meters on the property. As of June 7, assays from the first six holes were returned, showing incredible intersects of thick manganese mineralization, including 3.21 per cent Mn over 34.2 meters.
Here is the calculator link!
http://shareknow.net/companies/2515