Looks to me like all we need to do is relax, wait, watch the float disappear. The story is out. There are enough analysts on it, although more would be welcome. I noticed today's invite to the March 3 Hard Rock Advisory's Investors Summit has Ethos listed. We are only seeing the early positions but the 50 and 200 sma's are converging with strength. I'll be watching but feel like leaving this one on autopilot through fall, short of the next global cliff jump that is. Oh wait, I forgot I wanted to find out about Mexico first before taking that nap.

PS. our CEO has bought 33k Dec 23 - Jan 20 right on through the pps psrtial recovery

yes, finally, a little recovery if not respect ! patience ...

Thanks for the clarification Destinator, that is rather in line with what I had guessed.
So, I guess what I wanted to point out is that this type of deposit that depends on solution carrying the gold away from the porphyry to where it drops out of solution
a) has a transport where the driver seems to depend on the surface area, which would be be 25x greater
b) has an amount of gold in the porphyry, assuming its chemistry is uniform and comparable to the other porphyries, that is 125x greater
c) has very possibly a lifetime for the mineralizing event that is based on how slowly the body cooled, which would scale with the 125x volume

note: just using 5, 25, 125 as rough guides; exact number would depend on the irregular geometry.

Just saying. 5x larger could easily mean the elephant is quite more than 5x greater. It depends on the solution transport event (size, duration), the ground chemistry the solutions traveled through/into before and after contacting the porphyry, and the gold availability to be taken up into the solution from the porphyry body, and probably the permeability, fractured character or not of that body.

Hi Blackwater02, I was pretty much in the same boat as Value1008, had heard many terms but not "production metallurgy report" and Google did not help me out to know exactly what this individual had in mind.
I am guessing it would cover the processes and their yields and economics for taking the in-ground material to product. If that is the case, some of this has been released in the reports to date, and most I would expect to see in the preliminary feasibility study that we are expecting to have in hand within a month (correct me if wrong please, I am just recalling a current time-target of mid-February). Also in this timeframe will be publication of the initial step chemistry, from in-ground material to purified manganese carbonate, in juried academic journal. While this will not be the first process for getting MN from low-grade material, such as mine tailing at various locations, it does apparently have innovations that present both time and cost inefficiencies. In the meantime that part of their process is documented in releases available from the AMY website.
The next step is being refined currently, going from the carbonate to the EMM and EMD and/or LMD products. The company has released some preliminary numbers for the cost and/or efficiency, but the process is still being refined, as I understand it.
The preliminary feasibility study will hopefully be the place where for the first time all these parts get drawn together.
Again, just my guess what exactly is held in mind when "production metallurgy report" was stated, which sound to me like an internal documented management would use to assess and if decided prioritize cap ex spending to get to the production stage.

2future4u - I agree with rlfb06 that the 1.6 : 1 share arrangement is a puzzle, what this was based upon, it almost appears to have simply been relative market cap. The most recent monthly from Hard Rock Analysts disclose that this was proposed by them to SSH, that they are to receive finders for it, and that they are supportive. They indicate that the combined company will have treasury sufficient for the next programs at both projects, a fact I doubt can be easily verified.
I was glad to see Adrian Fleming who was instrumental in breaking the ice on the Yukon with Shawn Ryan, started and finished Underworld, will remain as CEO but the combined company will also keep Quinton Hennigh who has a long history with the Kiyuk property.
The pps for SSH reacted pretty negatively on the day of announcement but now it appears the market has reconsidered, and the pps of the two has adjusted to the 1.6 : 1 ratio.

That 15 trillion debt is just a magically manipulated number. Last year the administration put into place a new way to calculate the debt that now excludes interest owned on outstanding treasury issuances. The number also excludes all the different agency issuances and government backing promised on such as fannie and freddie, etc.. I have heard numbers north of 10x the stated debt for US gov debt obligations, not including entitlements like medicare, social security, veterans benefits, etc..

Prophecy Provides EPC, PPA, Project Financing Update on Chandgana Power Plant Project

VANCOUVER, BRITISH COLUMBIA, Jan 24, 2012 (MARKETWIRE via COMTEX) -- Prophecy Coal Corp. ("Prophecy" or the "Company") CA:PCY -2.22% (otcqx:PRPCF)(frankfurt:1P2) is pleased to provide the following update on EPC (Engineering, Procurement, Construction), PPA (Power Purchase Agreement), and project financing in connection with its proposed 600 MW Chandgana power plant project in Mongolia.

In the past 90 days, 4 Chinese EPC companies have reviewed information in our project data room and conducted project site visits in Mongolia. In addition, there are several other international companies that have expressed written interest in bidding on the required EPC contracts. Prophecy has prepared and distributed an RFP (Request For Proposal), and expects to have key EPC proposals by March 31, 2012. As part of any successful proposal, an EPC firm is expected to bring in a lender for debt financing to contribute to the overall project financing. The Company expects to conclude EPC selection in Q2, 2012.

Since obtaining the power plant construction license in November 2011, Prophecy has been in close dialog with the Mongolian Ministry of Natural Resources and Energy regarding the drafting and signing of the Chandgana PPA. To date, there have been several meetings between Prophecy and officials in various departments within the Ministry. In January, a working commission on the PPA was constituted and endorsed by the Minister. Prophecy is working closely with the commission towards a fair and balanced PPA. The goal is to conclude the PPA and EPC selection at the same time.

Separately, Prophecy has met in Beijing with Chinese government-sponsored policy banks currently involved in Mongolian projects, as well as private equity firms engaged in international energy production projects. IPP (independent power plant) projects in Asia, offering stable yields, have garnered interest from institutional investors and Prophecy expects Chandgana to be similarly viewed. Whilst not a certainty, Prophecy is optimistic that upon signing a successful PPA, the Company can secure the necessary equity funding in 2012 to move the project towards construction in Q2, 2013.

Further to the news release dated January 17, 2012, Prophecy wishes to clarify that the feasibility study announced in that release was for the power plant project only, which is a study that does not fall under National Instrument 43-101 (Standards of Disclosure for Mineral Projects). No feasibility study has yet been prepared on the related coal deposit resource so there can be no assurance that the projected annual volume of coal required by the plant would be available from Chandgana, or any other potential coal source. The Qualified Person endorsement in the news release referred only to the resource information contained therein and not to the power plant information.

About Prophecy Coal

Prophecy Coal Corp. is a Canadian listed company engaged in developing energy projects in Mongolia. The company has over 1.4 billion tonnes of surface minable thermal coal resources on two coal properties in Mongolia. Prophecy Coal's Ulaan Ovoo coal mine is in production and its Chandgana mine- mouth power plant has been permitted. Prophecy Coal is the controlling shareholder of Prophecy Platinum Corp CA:NKL -4.76% . Mineral resources that are not mineral reserves do not have demonstrated economic viability. Further information on Prophecy Coal can be found at www.prophecycoal.com .

ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Coal Corp.

John Lee, CEO/Chairman

Forward Looking Statements: . . .

http://www.marketwatch.com/story/prophecy-provides-epc-ppa-project-financing-update-on-chandgana-power-plant-project-2012-01-24?reflink=MW_news_stmp

Thanks for that info. I do realize they are working against one of the worst winters in recent memory. Time will tell

Thanks for the from exschimp repost AGB - that off-topic part at the end is not at all out of character for discussions post MF Global on this board.

Chippinfool - I pulled up the jugglingdynamitedotcom website for the analysis Danielle Park you mentioned. I was glad to see she included links to the recent interviews with David Stockman by Bill Moyer. He is one sharp and well-informed person. Would recommend a listen to anyone wanting more background on the dovetail between US federalism post Y2k and the financial sector. Bill M did an interview with him if I recall between QE and QE2 in which David S called the fed actions to provide low to no interest loans to Goldman S and others by declaring them able to become banks the most blatant funneling of government/public revenue to private (finance industry) hands that he had seen in his 30+ years.
If you are not aware of it David S was on board with R Reagan in revamping the federal budget back then.

So, EXS - let's see how today follows up on a fairly strong showing yesterday.

There was an idea floated that has the ability to end the dilution in one fell swoop and raise significant monies for the EXS treasury. Sorry, but I forgot to get permission to discuss this openly and will try to do that on Wednesday or Thursday and will elaborate then if able.

That rather sounds like what we have all been hoping for - if not a reasonable vending of the property at this fairly early stage for significant value. I hope you are allowed.

Thanks Chippinfool and VC for reporting from the conference.

Exschimp - that must have been a thoughtful posting - too bad it is gone so only ByWisdom's impressions from it remain.

Understood. There is a point at which no news is not good news, to turn the phrase. You have given them much more rope than I was willing to do. They may turn things. But when things are dicey one really does want to be in the loop to monitor how they are going.

Good morning. Still sidelined, waiting for sub penny, and may play if company meets some thresholds.

yes, but I would still prefer to see a small surge of interest like a number of other juniors are getting off the opening day of the Vancouver investors shindig

Thanks Gmoney for adding that imo very relevant perspective.

I am not great as a geo, a math, or chemist but I do sufficient savvy to know that a sphere with diameter twice that of another sphere, or a cube with edge twice that of another, has 8 times the volume.
So what are we saying that one porphyry is 5 times larger ?

The model here is of veins that were implaced by fluids that carried the gold away from the igneous body (the porphyry) and deposited it out as it reached different rock chemistry, temperature, pressure. How much of that went on depends among other things on how much water was present, how it could penetrate the body, for how long the heat engine drove the process, how much total surface area was involved, etc..

In other words, to me it is reasonable to expect a similar geologic event in close proximity may have a similar result, but I also recognize there are a lot of variable that could affect just exactly how that "similar" is dissimilar. It does not seem like a given that 5x size (by which measure? 5x length is 125x volume but maybe 25x surface area is better ) would mean 5x deposit size. If the chemisty of the porphyry is the same (have never seen this part discussed, but it is highly significant) and the fluid environment was the same, and the triggers for coming out of solution the same, then 25x the surface envelope and the longer period needed for cooling would argue towards a much, much larger deposit - if there was endless gold the fluids could extract and carry away. There are just too many variables. What if one porphyry was fracture to all get out in post-implacement process and the other not at all ? etc.

CD being cautious is natural, imo. And as has been said just a few posts back, and as CD said in the CC, he MUST be careful about what is said in order to not run afoul of the NI 43-101 reporting rules. You know these people have to watch every word, not let "resource", or "ore", slip out in speaking unless they have had support for the use of those words independently established (CD can now use the word "resource" for that part included in the NI 43-101, but he still cannot use the word "ore"). Go figure, he can show someone visible gold in the 130+ g/t core segment but cannot call it nice ore.

AEM if that is who has had some very bad things happen lately. They are looking at increased expenses and loss of one revenue stream. They also now have equipment and infrastructure that they are having to move around and/or stabilize to protect, and of course to find a new use for without having to move it too far. When I look at their recent history they have set up JVs. That is what I feel EXS should consider if it can be structured to provide an annual cash-flow from day one. How that would also provide any immediate shareholder payback is not at all clear to me except that it would be less than some people think a buyout would. But EXS needs a cash-flow. I do not see a buy-out providing that if the proceeds are all dividended out. What is the model here ? Keep EXS so that those that can profit the most are those that can participate in private placements?

There is TPW, but there is very likely more very good discovery waiting in EXS inventory. How is this all to be unlocked? Is that even a consderation, here and now? Is it only about getting some payback due to TPW?

Is it we don't have what we think we have, is it no one really knows what we have. Is it hard to deal with people that run EXS.

Hi Pastorboy, IMO it is not any of those. I myself do not find CD's presentations uninteresting, boring, nor disinterested - but I can put myself into the mindset of someone with a more dollars and cents (sense) focus who is without depth in geologic content, and understand the comments about how the PR could be handled better in order to convey and stoke excitement.
All that said, however, I do not see any of the above as being the primary problem with getting the pps to establish higher ranges and hold them. Rather what I see is the financial instability from being underfunded and the future probabilities that can be easily forecast due to this. Now, it is a catch-22 as higher pps would reduce those future impacts, and selling the story well would help to address this, so that extent I agree, but imo there is this deeper cause restraining the pps.

Hi Citrati, I had noted the same and pondered whether we will consolidate and setup for downward resistance in the mid/upper 40s-50 or keep on getting back to the 60 +/- range first. This will be an interesting week to 10 days as the results PR efforts in Vancouver may give some indication.

Oh well. But such is the divine manifesting in many unexpected seemingly accidental ways. The values in the market around now and 10/08 just triggered that post.
Nam aste Value.

so now I finally have (? maybe) ? figured the 1008 in your handle.
The entire sector is, if in fact turning around, at about the best buying opportunity across the board since back in late 2008 bottoms.
I am still dubious about blatant QE, sure there is very much behind the scenes QE happening from the Fed (much for European benefit) but imo things will have to be pushed down to a rather more bleak level (in the economy as experienced by avg Joe, but of course higher gas in itself could accomplish that) for the Fed to be politically enabled to launch a new round of QE visibly and recognized as such. If that was not the case I would be pretty bullish about small caps and resources near-term.

Two weeks now with money flowing back into the junior resource sector, very, very selectively, but flowing back - finally.
Nice to see AMY beginning to show life and some interest from the more adventurous that are stepping back in at this time of opportunities just about everywhere. If this is, as is said, a time of winnowing the chaff from the wheat, AMY is getting the thumbs up as wheat. Of course, we here know it is further up the food chain, like premium grade whole wheat flour, maybe even bread with build-out.
Good weekend to you.

So, by wine aging standards, everything is still green and sweet for that batch of effort. We are shooting for quality here, not grape juice with Everclear.
Cheers

I was impressed to see they will complete normal target exploration activities on the new Cutia property before drill testing the known area of historic workings. Maybe a little drilling in not yet known targets?

I can hardly wait until that bulk sample finally starts coming out !

Obviously still in this one, and still amazed how little attention this board gets.

All sorts of good things can be said about this one property in GPD's inventory, but one thing from that NR needs to be brought forward:
A NI 43-101 compliant resource estimate for the entire property is anticipated before the end of January.
So we have a very near-term catalyst. I just hope when it hits that people realize which parts of this property are and are not covered, and that with the permits all in hand this is positioned to add to GPDs existing revenue stream a lot sooner than some might assume.
Cheers

In XS your comments are getting me closer to doing up membership there.
Not sure what the main hesitations have been . . .

Thanks for posting, interesting clip with nice discussion.
I noticed the brief way at around 0:45 of saying it
gold values currency rather than currency valuing gold
when you think down into it sums up a lot.
At 4:45 area, about all the QE that has been going on just cloaked in the backdoors, swap facilities, etc. - IMO to be seen how out in the open as QE it will become - at least in the US things have to get much worse for the average joe before that becomes politically viable; but out in the open or cloaked it is THE alternative.
The undercurrent that the commodities market were being sidestepped even before but more so since MF Global (mine direct) has implications that the spot as determined by the clearinghouse markets is less and less capturing the actual settlement prices of the large trades . . .
all in all the clip covered a lot of ground.

I hope you did not take offense - with an alias like Ed from PR I was not even thinking of things like Providence RI, and that just seemed like it was wanting to feed us a dream.
Do you really find this board one where people attack each other - I certainly don't - it is one of the most enjoyable and civil.

sounds to me like you have it so soo very rough

but agreed, as more buy into the story . . . too bad we are below all the magic pps thresholds for some

you got 0.50 both exchanges, going for . . . wtf more on the us than ca (like yesterday morning, just not by as much)
nice volume out of the open

Please correct me if I am wrong, but I have been under the impression the Anonymous and House are what one sees when a brokerage holds the shares in its account (street name) for its clients. So seeing a trade identified as either of these could be due to the action of any of the client accounts of that brokerage. The l2 on s#..house also uses an number to help one figure which trading desk a given anonymous in their l2 listing is.
so seeing anonyomous sell x amount of a stock and anonymous buy x amount of it, and the associated bid and ask and settle does not necessarily mean the one party was trying to move the pps, but does mean that one or two parties made a trade and the trade may have moved shares from the holding of one trading desk / brokerage to another.

So when you are talking about anonymous manipulating the pps, I assume all of the above, to the extent it is not mistaken, has been taken into account, right ?

so it wasn't you (in part at least) driving NGPHF up today ?

Sad but seemingly fully true.

As a consequence the financial system will once again be preoccupied with reaping windfall profits as a means to backfill their distressed imbalance-sheets and the liquidity made available to businesses will remain as tight or worse non-existent as a consequence of guaranteed risk-free profits available by participation in the QE flow.

with that well entrenched in my speculation strategy for this sector I very, very much enjoyed reading the closing comments in the most recent news release that ECC has some 12 million in cash reserves to fund the next year worth of operations.

I took the pullback today as a temporary and not as an assessment of the grades and target information mentioned in the final release of 2011 season outcomes, which I took as being quite good. After today's distractions from the conflicting information and outcomes from Euro debt wrestling and global economic data pass I fully expect to see smart money looking to shares of ECC.

naaaa . . . just watching, anticipating possible positive momentum, warranted or not, or force of habit after so long

bit of a mistake in this Yahoo contribution toward DD . . .

Hi, I looked some at their use of their process and as I said, given total global market, their production is not a big concern. My interest was more in their patented process, which has similarities to and differences from that of AMY, and its possible licensing to others for the processing of tailings or as an added byproduct step (ex BAJ), and its possible impact on the AMY application depending on what claims are being made therein.

The answer all depends on what you have in mind as "this technology".
There are very many patents granted for microwave heating of liquids and of water, dating back many decades and of course more recently, none of which are held by anyone involved with Wanderport.
This company apparently has three currently active applications, for aspects of their approach, some say only two despite the nost recent claim of three in their news release. Whether their patent applications cover novel claims and make no other claims (so that they might be granted) is unknown (to me and I would venture to say to anyone here). Also whether their planned product infringes on any of the currently active, granted patents is unknown.

Hey, hopefully the board does not discount me too much for that. I never have been too good at the restraint thing.

While I am burning one of my free posts . . .

On the LMD production and tie-in to earnings estimates . . .
I would guess that once in production there will be flexibility in the electrowining final stage such that they could run cells to produce EMM or cells to produce EMM and EMD with the mix defined by sales demand.
I have been hunting around for info on EMD production to find disclosures on process chemisty, etc., and then I just realized the above, i.e. they would not produce more that sales plus prudent stockpile dictate. I will still keep looking to figure the redox half reactions, maybe poke the company, but if for example the EMD process does yield 1 to 1 with EMM that would just serve to provide an upper limit on EMD production.
While I was looking I ran on this on Mesa Minerals website
http://mesaminerals.com.au/products/electrolytic-manganese-dioxide-emd/
with this given as a teaser quote

mark

I am at a loss, torn between wondering whether posting this reveals that much ignorance, or whether it reveals an opinion of there being very low intelligence in the readership here. Either way I do not come out with a good feeling. Sorry. Just saying !

IMO the main problem here is that the European civilization invented the three act play, the three part symphony, etc.
Perhaps "leadership" there should take a clue from the US and make it a short story, a rock song, . . . and get it over with already !