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Some Tombstone history:
http://southwest.library.arizona.edu/reaz/body.1_div.9.html
In the fall of 1877, Mr. A. E. Sheiffelin, an active and industrious prospector, was stopping at Camp Huachuca. He made frequent trips into the hills now embraced within the limits of Tombstone, searching assiduously for "float" and "croppings." Bands of renegade Indians roamed in the country east of the San Pedro at that time, and the whole region, which had once been the chosen ground of the famous Cachise and his band, was marked with the graves of white victims, who had been murdered within its "dark and bloody ground." Sheiffelin was admonished that he would find a "tombstone," instead of a "bonanza," beyond the San Pedro, and would add another to the many who found bloody graves among its lonely hills. The indomitable prospector paid no heed to these warnings, and his pluck and energy met with their just reward. In February, 1878, he discovered the Lucky Cuss, Tough Nut, and other mines which have since attained a national reputation. In remembrance of the solemn joke, he named the district "Tombstone." The great richness and extent of the new discoveries soon spread far and wide, and thousands rushed to the Silverado of the south-west. An army of prospectors swarmed over the hills, many other valuable discoveries were made, a city sprung up as if by magic, mills and hoisting-works were erected, bullion began to find its way out of the camp, and to-day, a little more than three years after its discovery, Tombstone can show a population of 7,000 souls, and is one of the most prosperous mining camps in the western country.
As near as can be ascertained, the mineral belt of Tombstone extends nearly eight miles east and west, and about five miles north and south. On the western edge of the district, along the San Pedro river, silver had been discovered as far back as 1859, but the hostility of the Indians prevented any development. The country in which the mines of Tombstone are situated may be described as a series of rolling hills, which have a gradual ascent until they merge into the Mule mountains on the south, and stretch away in an undulating plain to the Dragoon range on the north. The geological formation of the district presents many features worthy of study. Porphyry appears to be the predominating rock, though a capping of lime overlies the leading mines of the camp. Quartzite is found everywhere, and a granite formation is met with on the western edge of the district. As depth is attained, the surface lime disappears and porphyry and quartzite constitute the country rock. A notable feature of the Tombstone mines is the size of the veins and the ease with which the ore is reduced. The silver occurs as a chloride with very little base combinations, and can be worked by pan process, to 90 per cent, and upwards. The cost of extraction is merely nominal, and the facilities for reduction are all that could be desired.
Copper.—Besides its veins of silver and gold, Cachise county has also some of the largest and most valuable copper mines to be found in the Territory. At Bisbee, some twenty miles south of Tombstone, are found some of the richest copper mines in the United States. The veins are large, the grade high, and the appliances at hand for reduction can not be excelled. The mines are about sixty miles from the railroad at Benson, and about twenty miles from the Sonora line. The Copper Queen, the leading mine of the camp, is an immense mountain of ore. It has been explored 160 feet in length by 150 in depth, and 120 feet in width, and as far as the explorations have extended, rich ore has been encountered everywhere. The claim is 1,500 feet long, and 600 feet wide. Two 30-ton smelters are kept running steadily, and the daily output is about 13 tons of pure copper. The ore is a carbonate and a black and red oxide, and averages about 22 per cent. The claim has been opened by 700 feet of shafts, drifts, and cross-cuts, and has already yielded over $600,000 worth of copper. The property is owned by an incorporated company, with headquarters in New York. The Neptune company own nine claims, the most prominent of which is the Neptune, which shows ore going 24 per cent. This company are making preparations to erect a smelter on the San Pedro river, fifteen miles distant. The Twilight shows a 6-foot vein of red oxides, carrying 25 per cent. pure copper, and is opened by a 70-foot shaft. The Holbrook has a 10-foot vein of red oxides, but has little work done on it. The Copperopolis shows a 5-foot vein and a 40-foot shaft. The Atlanta carries 25 per cent. ore, and is opened by a 45-foot shaft. The Copper King is the western extension of the Copper Queen. It is a large vein, showing good ore. The Golden Gate, Ohio, Copper Prince, Cave, New York, Galena, Garfield, Bounty, Black Jack, and Dreadnaught are all fine prospects, although but little work has been done upon any of them. Bisbee, besides its immense copper veins, has silver and gold also. It is one of the most eligibly situated camps in Southern Arizona, and has a bright future before it.
I wonder if deal to go forward with NI 43-101 @ Tombstone was set in motion @ PDAC?
BTW, copper prices today were up most in last two weeks...GREAT timing for this NR!!
If he announces a share dilution to pay for it, are you okay with that?
JB rocks!! <pardon the pun> Yang...nice call!!
"First stock I ever bought on the news..."
David Fromm, from Market Place, just gave a very logical reason (espoused here on Friday and Monday) and strong testimony to buy uranium stocks:
"if a nuclear reactor can withstand a 8.9 Richter scale quake <with minimal fallout>, then nuclear energy just passed the most difficult test we could ever impose!"
Now this reusability of uranium could be something to fret...has anyone quantified this??
Can't easily export natural gas, and India and China will still be hungry for nuclear, without popular backlash a la Americana...
CORRECTO!!
This seems incredibly revealing, Tracey, AND I LIKE IT!
I'm surprised she was so forthcoming over the phone...I see a later post today citing that LBSR will no longer be responding via phone, but rather via written communications only...thoughts, gang?
"New technology" for nuclear energy is CURRENTLY not what the media wish to focus upon. Disasters go through phases of discussion in the press, probably similar to the human psychological grief reaction:
denial
anger
bargaining/distracting/analyzing
sadness
acceptance
I'd say they are still in the first two stages, but they WILL talk about this technology in due time.
Cramer just panned "all uranium stocks...I don't want to have anything to do with 'em!"
I think the DD and strategizing today on this board, though, makes me agree with us more than him. There will be very limited demand destruction for uranium...
Hummmmmm.....
AZAK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Geotech
Picassa,
What does:
"Ratio de 22.8 (GRS = 10.6, RBY = 5)"
mean?
Thanks,
Milo
How many of us here favor a refocusing on AZ instead of AL, as currently is the stated focus on LBSR's (per JB).
To that end, he points out that Pebble Partnership CEO John Shively was formerly Commissioner of the Alaska Department of Natural Resources and served 17 years with NANA Regional Corporation, the Alaska Native business consortium owned by 12,500 Iñupiat shareholders.
"Meanwhile, Mitsubishi needed to raise capital to invest in other mines to get offtake agreements. So they made a strategic decision to sell their stake with a view to coming back to Pebble at some time in the future.”
Excellent VP...thanks for collecting and sharing! You and HKipp serve us well with your recent DD...truly, thanks to both (and others). This site is KICK ASS and ADDICTIVE!
Precisely!
My thoughts exactly...I've been wondering why no one has mentioned this logical strategy before!? Their ROI could be vastly greater with LBSR AZ prove out...we also might offer greater environmental appeal, although again, their unlikely to see U5 to production as we're seeing with NAK.
I'm not one who invests in OTC penny stocks in general...so I'm wondering how vast the difference in exposure/coverage between a stock listed here versus the big boards?? Anybody have any stats?? I've heard there is almost always a large pop in pps when uplisted!?
What is so impressive about our "little" LBSR is our flexible options to go nuclear or alternative...and for PM fans, there's a sweet lil' kicker in there too! [assuming our cores show we have anything close to our neighbors in AL/AZ...]
Spot on...very trenchant argument!!
Drilled cores on White Sox...that does sound distantly familiar...SGR, HKipp, s4, amigo, FJH...you'll know for sure??
That area is actually the convergence of THREE major tectonic plates!!
Strengthening dollar usually leads to a fall in gold...
Seems they would be willing to sell, Pebble with or without the unexplored lands...otherwise why advertise the latter at all??
In NAK's recent audio presentation, they stated "value-added" likely in reference to their 186 sq miles of unexplored land...
i find it quite handy that our judge who has a degree in Geological Engineering will have a decision just in time for drilling season-handy for us since NAK's done enough drilling their own land anyway.
Does this shed any light on why Anglo was unhappy with the Wardrop release?
Northern Dynasty CEO says 'major' miners may bid for company...it's official (but we already knew!) one hour ago
Read more:
http://www.vancouversun.com/Northern+Dynasty+says+major+miners+company/4405958/story.html
with a bit more patience, we will all see a glorious sunrise.
Nice metaphor, HK...and we wait.
http://www.adn.com/2011/02/07/1688653/epa-to-review-bristol-bay-projects.html#
FYI, Gov. Parnell was interviewed on Kudloe last night. Main point was to complaint about EPA blockage of oil/gas exploration in Alaska. He appears to be very pro-mining/exploration from the tone of it (and in the above article).
...can't sleep for some reason tonight <smile, frown, whatever!>
That was my thought too...
http://www.investormarketplace.com/profile.asp?ticker=T.NDM&source=IMP&ed=20110201
"Northern Dynasty Minerals Ltd.'s principal asset is the Pebble copper-gold-molybdenum deposit and 186 square miles of associated resource lands in southwest Alaska. Pebble is the most significant undeveloped porphyry system in the world, and one of the greatest stores of mineral wealth ever discovered."
"Northern Dynasty acquired the rights to the Pebble deposit and 186 square miles of associated resource lands in 2001. Since then, it has expanded known resources by more than 1000 %. With ~ 850,000 feet of drilling in ~1,000 holes, a significant percentage of mineralization at Pebble is in measured and indicated categories."
How did JB choose to stake those claims?? Geochemical samples? Terrain?
ZTEM to the rescue, when we can!!
Okay, FJH, I'll bite...what does 186 sq miles of exploration land remind us of? Spell it out for us!! <smile(s)...I'm giggling and can't contain myself>
Question, all:
What do we know about that good-sized property north-north-west of Pebble by about 20 miles?? See it above in our 2nd map?? Is it still ours? What kind of surveying has it undergone? It's a decent size, even bigger than BH by about double...SGR??
Have a nice LBSR vacation!!
Yes, a strong positive for LBSR, but leasing of that infrastructure would be expected. Still, it answers the question, how our minerals would be developed and hoisted off to market!
All in all, an OVERWHELMING positive. As OMO remarked recently...being next to a rocket/rock star, will prove like a magnet for upwards pps, with positive NR/PR's forthcoming. Ah, and we wait...
How much do you'll believe the numbers? I'm in regardless --very bullish chart and story. BIG POTENTIAL!!