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We must be Lucky to own shares!
Nice!
looks like you might get another chance!
I agree. I hope they are really big!
I agree. Lots of inforamtion needed to make those decisions which we don't have.
That number would be for digging up the dirt and crushing it. The tailings are much more cost effective and with the combination of three metals that could be extracted, I would think this would be relatively easy to get started, just like Imcat noted.
Most copper deposits need to be .6 or so to be mineable. Not sure what the levels are for Zinc or Magsnesuium (sp).
maybe imcat has this info available. The benefit to these tailings is that the excavation is already done, so it's more cost effective to extract.
"Ores are rocks and minerals that can be mined and sold for a profit. The primary products of ores are metals such as iron, gold, zinc, and copper. These metals are recovered from the ores through special kinds of industrial processes. Such metals occur at low concentrations in all rocks. However, they can be mined only when they occur at high concentrations.
The concentration of a metal in an ore is called its grade. Grade is usually expressed as a weight percentage of the total rock. For example, 1000 kilograms (kg) of iron (Fe) ore that contains 300 kg of iron metal has a grade of 30%:
Grade = (kg metal / kg rock ) x 100
Fe grade = (300 kg Fe/1000 kg ore) x 100 = 30%
Metals occur at much lower grades in most rocks, sediments, and soils. A common way to express these lower concentrations is in terms of parts per million (ppm). If a rock has 1 ppm zinc (Zn), then 1 million grams of the rock (1000 kg) contains 1 gram of Zn.
To determine whether a potential ore deposit will be profitable, mining companies must consider a number of factors including: the size of the deposit, its average grade, mining and refining costs, and environmental-related costs. The estimated gross income must be greater than the total costs in order for the deposit to be considered a true ore deposit."
Agree. I think there's a nice map on the lucky's too!
It looks like two handcamps?
The newfi government has nice maps that say otherwise.
Your stuck in the old technology. New methods. New finds!
Yes , looking at thexassays it's a multi mineral deposit. Gold , silver zinc etc
Please take your nap. We'll see you in the spring and discuss what happened.
Great DD from HV, Tink, and everyone! I love those government maps.
that's old news, did you see what happened to High Score .0001. Ask Ernie Bilco, he knows that story very well. Dror is not associated with High Score anymore.
what's frustrating is the share price.
Hey BBC, I made you an assistant. Lets see what you can do. If you insult me one more time, I'll delete you.
-regards,
smc
I would say more of an ocean of pessimism. Clearly the negative post outnumber the optimistic.
BBC-I still hold shares. I believe LED lighting has great potential.
The AS is 750 million. They won't get to a billion unless they increase the AS.
REEs at RR facts
Short term financing Long term being finalized
Option jv w vale.
Me too!
I'm sure the massive dilution is much more favorable to the company's benefit than to the shareholders' benefit.
"Yet, for now, such funding has been our best alternative since direct equity investment so far has not been offered to us on terms that we have felt have been in the company's, or shareholder's, long term best interest"
Not so concerned about the daily PPS . I'm in for the long all. How about you, buying any cheapies?
Scott
Exactly,
Funding and Vale agreement.
Go Katx
Most of the positive posts were by paid awareness. Look at the financials. Do some DD. Have we heard about any more sales. I didn't think so. If they had such good news, then they should release it instead of dilution...they could make more money if the PPS was higher from good news and less dumping.
I guess Ken didn't sell his shares today.
dilution. read the news from yesterday.
If you read the PR carefully, you see that Vale is the operator during the option period. So they would PR any drilling.
"VEC will be the operator of the exploration programs during the option period."
Whether or not we like or dislike the awareness campaigns, at least ONTC is stating publicly their strategy. This doesn't seem to be standard behavior for the "stinky pinkies"
When you do the math, 15 million shares dumped would only be $45,000 at the current price. They would have to dump a lot more shares than that to gain any substantial revenue. It's in their best interest to have a higher share price to get more bang for their buck.
Of course, the AS is 750,000,000 shares.
Lets see what kind of news they release showing some revenue.
After the first read, I think its' a good letter.
Dennis denies any relationship between himself and "Tom Scozzafava". He also states that Tom Scozzafava has "nothing to do with Onteco, and I doubt he knows it even exists".
Also, Dennis states about GLUV " I am being connected to that company’s management’s decisions and the problems that company ran into which had nothing to do with my work for them."
Regards,
-Scott
FWIW, At this point, I have not had the chance to do any additional DD on this issue.
Update from Dennis Ruggeri about ONTC. Part One.
I sent Dennis an email last week about some of the concerns people had about the company. Here is his response.
1.Yes, the company is doing awareness campaigns in an attempt to attach new investors who may appreciate what it is trying to do in the lighting business;
2.The increase in the outstanding is the result of debt holders pulling the trigger on note conversions. This is not something the company can readily control. The low PPS only seems to entice them to convert. The company, as you know, has considerable debt, and the cost of ramping up NexPhase is substantial. Debt financing has seemed the only method available to the company, since equity players want too much for their investment.
3.There are several positive developments that are aborning sales-wise that will be released shortly via press releases which we hope will help the PPS.
Regards,
-Scott
Another million shares dumped. Hello .003's!
Revenue is $34,000
Assets are primarily from the valuation of the Intellectual Property ($2.9 million)
Liabilities are $3,174,529
Scott
The message was removed by an IHub administrator.
The float has greatly increased since the 29million number. The float was 29 million when the OS was 125 million. Since the OS is now 256 million, I would think it's closer to 125 million.