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RE: Well, the year is drawing to a close so let’s see -
how Gold & Bucky has done for 2006 -
1) The Federal Reserve Bank ceased publishing "M3" data
in March, making it nearly impossible for anyone to know
how much cash is being printed. China said this act made it impossible to tell how much a Dollar is worth.
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Where's there's smoke, there's fire.
The following video clip on the FED and Fiat dollars is a must see, IMO...
http://naam.pair.com/aftf1626/AFTF/blog/2006/12/michael-badnarik-on-federal-reserve.html
Revenue calc's from just the Tailings... (not including the old dump resources).
From UCOI's web site, it says: "In addition the old tailings contain 186,000 tons averaging 0.04 opt Au, 3.6 opt Ag with some lead. The old dumps contain approximately 120,000 tons with values in gold, silver, and lead that can easily be up-graded by screening."...
http://www.unicomining.com/investments/2002report.php#2002_deer
Using todays prices.........
186,000 x .04 oz. p/ton Gold = $625 x 7,440 oz = $4,464,000.00
186,000 x 3.6 oz. p/ton Silver = $12.75 x 669,600 oz = $8,537,400.00
APPROX. TOTAL POTENTIAL REVENUE JUST FROM TAILINGS = $13,001,400.00
Nice size Tailings Pond... the liner looks like it's in good condition also...
http://www.unicomining.com/news/gallery.php?category_id=29
In 2007, the best performing stocks (on average) will be the emerging junior producers, IMO...
at this stage in the Precious Metals cycle, if your just an exploration company, the chances of finding, financing, and developing a good project is starting to get slimmer... becuase it takes so damn long to develop a project (several years or more)... so if you haven't found the basis of a feasible project by now (5 years into the Gold Bull) chances are your ground is probably 99.99999999% Moose pasture...
in 2007, I predict that investor capital will start shifting away from the more risky/speculative exploration plays into less risky emerging producers, as the emerging/junior producers will offer investors exposure to strong returns, but with far less risk than the exploration plays.
And ol' UCOI is a North American play... which is far less risky than being located in some 3rd world countries... just ask Americano how quickly "country risk" can trounce a stock.
They probably already are testing small portions of the system... but I'm talking about when they start test-running ore through the entire system in preparation for what's sometimes referred to a "true commercial production".
RE: With all the refurbishing of the mining infrastructure over the past few months... anyone known when the test runs of the mill commence?...
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Once they start test running the mill... that'd be one of the best indicators that the refurbishment is nearing completion, and that true commercial production probably isn't far off.
With all the refurbishing of the mining infrastructure over the past few months... anyone known when the test runs of the mill commence?...
http://www.unicomining.com/news/othermedia.php
RE: Permitting status?... anyone know?
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I Found the info I was searching for;
Sept 19, 2006 -- Unico, Inc. Announces Payment of Additional Bond Amount for Amended Large-Scale Mining Permit...
http://www.unicomining.com//upload/UCOI_PR_09_19_06_IncreasedBondDOGM_final.pdf
Permitting status?... anyone know?
RE: Anyone know how much ore has already been stockpiled and ready for processing once the mill is ready?.
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The web site seems to indicate from a study back in 2002 a resource of 186,000 tons of old tailings (in additional to 120,000 tons of old dumps)...
http://www.unicomining.com/investments/2002report.php#2002_deer
Just the 186,000 tons of tailings run through a 400 ton-per-day mill should be good well over a year of productuion.
Anyone know how much ore has already been stockpiled and ready for processing once the mill is ready?.
Bob... thanks for your hard work in keeping these boards up to date and relevant... I'm looking forward to posting some of my research on the Precious Metals Sector here in the new year some time.
I read somewhere that the actual numbers of North American public companys that are "True Gold Producers" is very small (less than several dozen) especially when compared to the number of Gold "Exploration" Companys (many hundred's)... does anyone have the stats on the breakdown between the "Producers" and "Explorers"?
84 grams?... that's it?...
84 grams / 28 = 3 oz. x $615.00 = $1,845
Ya, but even if some positive news develops for FMNJ in Bolivia... when Morales escalates his mining nationalization plans next year, it'll be a momentum killer.
Hmmmmmmmmm... I just went to PinkSheets.com to see what the deal was on FMNJ...
http://www.pinksheets.com/quote/quote.jsp?symbol=FMNJ
it does say;
Pink Sheets has discontinued the display of quotes on pinksheets.com for this security until such information is made available by the issuer. Investors are encouraged to use care and due diligence in their investment decisions.
The permit issue;
Drake Gold is still awaiting final approval of its BLM permits to begin operations. Unfortunately, this process has taken longer than expected due in part to the fact that the BLM has scheduled a geologist to visit and survey the Jackpot property in order to accurately assign a value to the reclamation bond. Once the BLM geologist has rendered his assessment and the permit is approved, operations are expected to begin. With the equipment on-hand, Drake is estimating being able to process 40-45 cubic yards of paydirt an hour. Processing will initially run 10 hours a day with round-the-clock operation anticipated as ore production increases...
http://biz.yahoo.com/iw/061208/0193072.html
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My observations;
(1) BLM Geologist has to visit the property;... it usually takes Govt. workers 1 - 4 weeks just to schedule and make visit of any kind.
(2) BLM Geologist has to survey the property;... that'll probably take 1 - 2 weeks in itself.
(3) BLM Geologist has to assign an accurate value to the bond;... that'll probably take another 1 - 2 weeks itself.
(4) BLM has to approve the permit... that'll probably take 1 - 4 weeks after the BLM Geologist has filed his final assessment.
So...... best case scenanrio for permit approval is approx. 4 weeks, IMO.
I see the MM's did the China thing at the end of the day today, which is; paint the tape at the very end of the day to give the illusion of higher value on their surplus shares... just like the buyers supporting the US Dollar to keep it over the 80 Dollar index.
I'd expect a news release from FMNJ of some type should the PPS approach the .015 level again.
Just expressing an opinion... or maybe your one of those from the "delete all potentially percieved negative posts" crowd.
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Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...
"an increase of up to 10 plants by January 2007. The processing will produce 4,000 tons per day."
http://biz.yahoo.com/iw/060912/0162261.html
I'm not sure the price would drop much... the MM's on this stock seem to be trying to prop it up at around 2 cents (I guess they must be bagholders too)... kind of like the Chinese and other big bagholders of surplus US Dollars trying to keep the Dollar propped up over 80 on the Dollar index.
Thanks for the info... anyone know the approx. current share count these days?... I'm not sure if the Pink Sheet info is accurate?...
http://www.pinksheets.com/quote/company_profile.jsp?symbol=UCOI
If Morales can't get it together down there within the next couple years... I may have to go down to Bolivia myself and do my own deal with COMIBOL and start production via my own J.V.
What's the mill capacity per day?... I checked the web site and didn't see any stats on the mill processing rate...
also, when's the estimated start date for true commercial production?.
I dont think anything sustantial can happen until after Morales nears the end of his mining nationalization plans sometime next year...
the problems in Bolivia aren't just soley with FMNJ (although FMNJ mngmt. has growing credibility issues)... just check the other pure Bolivian mining companies, they are all in the toilet right now, even the fundamentally good ones.
The MM's seem to be holding up FMNJ pretty good here considering how badly some other Bolivian Miners have been hammered, like ORVANA MINERALS CORP... http://www.orvana.com
Bolivia's Morales completes gas nationalization...
"We have now completed the first step. This process will continue next year with the recovery of other natural resources benefiting the Bolivian people," he added.
Morales says he also plans to nationalize Bolivia's mining sector.
http://www.ndtv.com/morenews/showmorestory.asp?slug=Morales+completes+gas+nationalization&id=973...
Thats why I stay 99.9% away from pure Pink Sheet stocks... where mngmt. is generally notorious for not being able to keep promises or deadlines... I think FMNJ was my first pure Pink Sheet stock I've ever bought.
Evo Morales expresses admiration for Fidel Castro...
He mentioned Bolivia's new achievements like the nationalization of oil companies and the delivery of the lands to the farmers in an action to wipe out landlords and exploitation.
http://www.cadenagramonte.cubaweb.cu/english/news/december_06/021206_02.asp
Anti-gov't protests in Bolivia get partial backing...
http://today.reuters.com/news/articlenews.aspx?type=winterOlympics&storyID=2006-12-02T024510Z_01...
Anyone know what the current Gold production rate of PAIM is?... and what they're forecasting their Gold production rate to be over approx. the next 12 - 24 months?... I quickly looked their web site and didn't find stats on their production rates.
The upside of these South American countries going Left is;
It'll help keep physical supply off the market, supporting strong physical prices... but it might not do much for the stocks of companies operating in those countries in the short-term though...
Nov 27, 2006 - Ecuador poised to elect leftist leader...
http://www.cbc.ca/world/story/2006/11/27/ecuador-election.html
I was dupped into thinking the company was going into production just like almost everybody else here... the only thing that saved me was a low purchase price per share, which allowed me to get out AFTER THE COMPANY FAILED TO DELIVER IT'S ON IT'S OCTOBER GUIDANCE without suffering serious damage.
But, maybe it was the unrest in Bolivia that caused their production plans to fail?, or maybe this company is little more than a paper selling operation/scam?... I don't know... but what I do know is what the company has claimed, and what they subsuquently failed to deliver without explanations, while diluting their stock at approx. the same time;
Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...
"an increase of up to 10 plants by January 2007. The processing will produce 4,000 tons per day."
http://biz.yahoo.com/iw/060912/0162261.html
I thought FMNJ was supposed to be upgraded to OTC BB status by now... I wonder what ever happened to that plan?
Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...
"an increase of up to 10 plants by January 2007. The processing will produce 4,000 tons per day."
http://biz.yahoo.com/iw/060912/0162261.html
Whats the market cap. of a shell company with virtually no assets worth?... $1 million?, 2?, 3? ,4? or 5 million?...
lets say $5 million, divdie that by 2.5 billion shares = .002 per share.
Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...
"an increase of up to 10 plants by January 2007. The processing will produce 4,000 tons per day."
http://biz.yahoo.com/iw/060912/0162261.html
When your finished sipping from that jug of purple kool-aid and have time to formulate a clear thought; don't you find the timing of the dilution and the press release just a little suspicious?...
Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...
"an increase of up to 10 plants by January 2007. The processing will produce 4,000 tons per day."
http://biz.yahoo.com/iw/060912/0162261.html
In hindsight, it looks like one of the main reasons a number of investors held FMNJ shares who would have normally sold becuase of a dilution factor is;
they were baited into holding onto their FMNJ shares under the pre-tense of the following news from FMNJ;
Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...
"an increase of up to 10 plants by January 2007. The processing will produce 4,000 tons per day."
http://biz.yahoo.com/iw/060912/0162261.html
>> like the silver guy, if you can't stand the heat, get out of the kitchen
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Ummmm... I can stand the heat... I just don't like walking down the aisle with someone who can't meet production dates, thus loosing equity as a result of their failures... so please don't try putting words into my mouth.
Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...
"an INCREASE of up to 10 plants by JANUARY 2007. The processing will PRODUCE 4,000 tons per day."
http://biz.yahoo.com/iw/060912/0162261.html
The fact of the matter is, I much prefer/wish that I still had my FMNJ shares... and I wish FMNJ had started the 400TPD production by the end of Otober... and I wish FMNJ was on track for to deliver "up to 10" producing plants by Jan 07... and I wish Morales knew how to handle public opinion for the benefit of everyone... and I wish some the Bolivian Miners weren't fighting amongst themseleves... I even wished to take a trip to Bolivia and visit the Cerro Rico mines and visit/support the locals off my FMNJ profits... however, I don't make my investment decisions based upon emotions, wishes, or faith.
IMO, you just cant build much investor confidence with the threat of nationaliztion hanging overhead (scope of which is yet to be determined)... and while at the same time, COMIBOL miners are blowing each other up with sticks of dynamite.