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Those Scottsdale Stackers are impressive. They actually command a higher premium on ebay than any other bullion bar. This video shows them a bit more in detail.
Totally agree on Scottsdale Silver - best quality bullion on the market, period. Holding those stacker silver bars in your hand and you'll know what I mean.
Happy hunting.
NRDS is now over a Buck!
Wow, those that have been in have made some serious cash! Looks like the company is getting up and running as they've added new management. Big things ahead that's for sure.
I'm hearing that there is pressure on Palladium - almost as if somebody is trying to corner it.
Anybody know who the executive management will be? Like the CFO?
Thanks
BHP is moving into Sierra Leone as well so it bodes well for predicted stability in the country.
Here is a press release which mentions the goverment's excited about BHP, but in particular Sierra Rutile Limited (which Nord will receive royalities from)
http://focus.comdirect.co.uk/en/news/article.html?server=rns&id=1084964837
Copper Price = $1.30 a Pound !!
Wow, talk about some serious movement in spot copper. This is adding some serious earnings figures that'll kick in once production commences.
Every penny higher copper goes is GREAT news for Nord.
The company is refurbishing its plant and equipment as part of its plan to reestablish its position as a key supplier of titanium dioxide to industry throughout the world.
I'm hearing start-time is still first half of 2004.
Have you read that OPIC will provide a $25 million investment guaranty to Sierra Rutile Limited (SRL) for the restart and expansion of its mineral sands mine in southwestern Sierra Leone.
The project will generate approximately 110,000 tons of rutile and 20,000 tons of ilmenite annually.
Good call cody,
I found this post on stockhouse. This guy put together an excellent summary.
-------------------------------------
SUBJECT: Company Overview - Part 1 Posted By: Voltimier
Post Time: 2/5/04 20:27
Disclaimer: I provide the following information as preliminary research tool and do not warranty this information as being 100% accurate. By providing this information, I am not providing a recommendation for purchase of shares of this company or sale of shares. I strongly recommend that you do your own supportive research and due diligence. I do own shares of this company.
Company Name: Nord Resources Inc.
Trading Symbol: NRDS.PK (www.pinksheets.com)
Exchange: PinkSheets
Shares Outstanding: 22 million (as of 2/2/04 but just announced plans for equity financing).
Float: not available
EPS: n/a
Industry PE: 10 - 15 (estimate for a Intermediate Basic metals company).
Category: Base Metals Exploration Company (soon to be miner – next 6 months)
Copper deposits; precious metal byproducts Gold; Rutile royalty
.
Note: On Feb. 2 2004, Nord announced intentions of seeking 20 million in financing with the intent of bringing along the Johnson Camp Copper Mine as self managed mine project. This would effectively reclassify the company as a miner with continuing exploration efforts. Miners carry a different Price Per Earning ratio than exploration company’s.
Brief History – Nord used to be a major NYSE 100 pound gorilla mining company in the 80’s/90’s. Nord Resources was delisted off the New York Stock Exchange (going to OTC:BB) after rebels sank the dredges on the Sierra Rutile (Nord’s main producing mine asset) . This occurred sometime in 1993-4 timeframe. Nord filed for bankruptcy but came out of it in good standing. They were on the winning side of some court cases that award Nord a settlement. They are now under new managment and trading on the pinksheets. Per Nord’s President, his intention is to list the company on the Toronto Venture Exchange initially, then a dual listing on the TSE/AMEX.
Management-
* Ronald Hirsch (Director, Chairman & CEO) (949) 715-6745
* Erland Anderson (Director, President & COO) (520) 544-4893
* Stephen Seymour (Director)
* Clive R.G . Bailey (Exploration Manager)
* Mike Attaway (Vic President and General Manager – Johnson Camp Mine.
Website - www.nordresources.com
Major Shareholders
- Constellation Copper Corporation (renamed from Summo Minerals) - 1.6 million shares (as of 1st Qtr 2000).
- Mr. Champagne + 3.0 million; (2,792,500 common shares via private placement Feb. 19 2001, American Metal Market). Terms include 1/2 warrants which have subsequently expired (June 30,2003).
- Ronald A. Hirsch 625,000 common share (via private placement Feb 19 2001, American Metal Market). The additional 1/2 warrants expired June 30, 2003
Note: Technically the warrants have expired, but the possibility of an extension is a real possibility.
Core Assets/Resources (for generating Income)
1. Johnson Camp Copper mine (35 m tons @ .417% Cu ore content, open pit, Leach-SX-EW)
2. Sierra Rutile Net Smelter Return (NSR) interest of 2.5% (in Sierra Leone, West Africa)
3. Significant Stockholder of Nord Pacific common shares (NORPF.PK)
4. Exploration Database – 20 years. (This is under-estimated by the popular shareholder)
5. Option (5 years) to earn 100% of Coyote Springs Copper Property in Arizona (per news release of Jan 29, 2003)
6. Landscape Rock Subsidiary
7. Significant Tax Carry Forward Credits.
***************************************************************
RESOURCE DETAILS
1) JOHNSON CAMP Copper Mine.
* The Johnson Camp property totals 2,743 acres. The existing facilities include a 4,000 gpm solvent extraction plant, a tank farm, a 52,000 pound per day capacity electrowinning plant with 74 electrowinning cells, four solution storage ponds with a capacity of eighteen million gallons, a truck ship, core storage building, administrative and engineering office and warehouse, laboratory, plant mechanical shop, a crusher station dump pocket and adjacent fuel storage tanks, and various other equipment.
* Acquired a vendor option from Constellation Copper Corp. (Summo) in 1999 for 1.6 million shares.
* Exercised the purchase option for cash to acquire 100% of mine from Arimetco Inc. in the spring of 1999.
* Retained Constellation Copper Corps' (Summo’s) Feasibility Study and Development Plan.
* Nord Resources ran the remaining contents of the solution ponds through the Electrowinning process, sold the copper cathode and put the mine on Care & Maintenance status at the end of 1999.
* Proven Ore is 32 mm tons graded @ .417% of Copper Oxide
* Full capacity life expectancy - 10 years +
* Ore production 3.2 m tons per year of Copper Oxide.
* Annual forecasted production – 20 million pounds (10,000 tons) of cathode copper
* No byproducts credits
* Heap leaching and the solvent extraction-electrowinning (SX-EW) process of oxide ores. Sx-EW is now regarded as a mature, low technical risk technology by the copper industry. The copper leach method is the variant that will keep cost of mining down (compared to processing Cu Sulfide deposits). Also capitalization to build out facilities of oxide process is less than a Cu Sulfide processing facility.
* This is a zero discharge configuration.
* Approximately 32 million Tons of Ore is on the Leach pads today.
* From the Restart of Operations (applying acid to the heaps) - they will be producing Cathode Copper in 3 months.
* In 8 months they will be running at full 'Mine' rate processing 9,000 tons a day.
* In 12 months they will be running at full capacity (somewhere in-between they could exercise an option to forward sell).
* Potential to significantly expanding existing oxide reserves (see PR Jan 04 Note: while doing an Water Test hole off of the proven reserves, hit additional copper ore which has the potential to vastly increase proven ore)
* The Burro Pit and the Copper Chief are/will be Open pit mining.
* Strip ratio for production ?
* Potential for adding new copper ore deposits (sulfide) below the existing oxide reserves.
* The company spent $1.5 mm + to resolve all the environmental issues. So all the environmental work is done.
Note: Because this was an active Leach/SX-EW facility, this mine has low technical risk. Since the infrastructure is already in place, capitalization cost for start up will be considerably smaller. Secondly, a substantial amount of Ore is already sitting on the leach pads (standing ready for leaching); the ability of the Ore to leach is proven (about 3 months); Copper extraction rates and yields numbers are dependable because this ore has already been processed; The mines management/Crew are well known in the industry and can produce. They have identified process that will improve the copper extraction percentages and the capacity thru-put (ie. 3 additional leach ponds are scheduled to built (2 exist).
2) Sierra Rutile, Africa
* Held rights to largest natural Rutile property in the world before selling mining rights and facilities for a 2.5% NSF royalty. At peak production it was turning out a third of the worlds TiO2. Revenues when it was going were in excess of $350 mm.
* By vending out Sierra Rutile they effectively took allot of risk out of it for the company, leaving the upside without having to spend any capital or place money at risk.
* New owners expected to have dredges refloated and producing by end of 2004.
* Finished and sized graded TiO2 sell for about $2500 a ton.
* Estimated Potential income for Nord is $5.2 mm a year.
3) Major Shareholder of Nord Pacific (NORPF.PK)
* Nord Resources owns 3,697,561 common stock of Nord Pacific
* An additional option to convert debit ($280,000) to equity (1.4 millions share) exist.
* Ronald A. Hirsch owns 194,000 of common stock of Nord Pacific.
* Cominco Ltd. owns 1,230,921 common stock (June 4, 2001)
* Nord Pacific is involved in the Simberi Gold Joint Venture located in Papua New Guinea.
* The Joint Venture Partner (JV) is PGM (through the Simberi Mining and Tabar Exploration Joint Venture Agreement signed on November 29th, 2002).
* PGM will be the initial operator of the Joint Venture. A feasibility study was completed on the Simberi property in the 3rd Qtr. of 2003 and PGM expects to complete financing package required to place the mine into production.
* Initial output of around 40,000 oz of Gold is now expected to commence during the second quarter of 2005.
Note: A recent agreement for a merger between Allied Gold Limited and Nord Pacific is being highly contested by PGM Ventures.
4) Database of previous exploration studies
* The past exploration of a company can be its future bread and butter. This company has been doing exploration for 20 years plus and has a treasure chest of data about potential exploration sites.
5) Coyote Springs Copper Property in Arizona
* "Elephant Country" type property.
* Northwest fault runs right through Nords Property.
* See press release for details
* The significance of optioning this property above all other suitors should not be discounted.
6) Landscape Rock Subsid.
* Expected to generate 1 - to 1.5 million in revenues/year
* Located on Johnson Camp site and leased with a 30 day option.
7) Significant Tax Carry Forward Credits to off set future income taxes.
* This number is not none for certain, as management at this time could not say, but I would expect it to be in the 5+ million range.
* My understanding is that these credits expire over time and have a must use by date of 9 years.
Industry Related News
·
FalconBridge on strike (February 2, 2004)
·They are a huge producer of Nickle/copper/cobalt
·Average strike length is 3 months. Last strike lasted 6 months
·Because of this look for support in copper (NRDS), Nickle and Cobalt (FCO) commodity prices
Copper production to be below capacity needs for 2004/2005.
ADDITIONAL NOTES:
On February 2, 2004, NRDS announced today that they are seeking 20 million in financing. A large sum. They have about 22 million shares OS now, so 20 million in capital influx would mean adding an additional 80 million shares (if I use .25 cents).
I spoke with the CEO R.Hirsch about the dilution. He stated that he felt the company would not be doing the deal at this level (.30) of share price. His plan was to be as stingy as possible with issuing of shares (since he is a major shareholder also). He also mentioned that they may not need all of the money.
I assume they did this because they could not get an attractive deal on a Joint Venture at Johnson Camp (which meant retaining at least of 30% of total revenues or .12 share). It was probably more attractive to increase the number of shares and keep all of the income - since they will have a steady cash flow in a relative short period of time (3 months).
Again when I asked R.Hirsch about this, he said they had a lot of interest everything ranging from cash offers to JV’s, but at the end – they decided the company had a good team was capable of developing the mine and running it on their own.
Comments, correction, and additions are appreciated.
-Voltimier
Board was orginally started under the wrong category. Look back at this link for a few messages where I started talking about this company.
http://www.investorshub.com/boards/board.asp?board_id=2093
I would really like to have some good conversations on this board as I think I'm one of the only shareholders of Nord on the entire internet right now, Which is a good thing too with the potential the company has.
I appreciate any thoughts on the awakening of the company and rise in share price.
Thanks
NRDS - Seeking $20M in financing. Copper Mining company only just begining to move. Company has potential of doing roughly 20-40M pounds of copper production starting within 8 months, not to mention additional sources of revenue that will be coming in (own royalties with Sierra Rutile in West Africa, Allied Gold in Australia) With the price of copper soaring to multi-year highs, things are looking incredibly positive.
Take a look, this isn't a quick turnaround trade, but a LONG hold till their story plays out. Below I have links to a stock chart, CEO interview, as well as their corporate website.
Nord Resources Corporation
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nrds&sid=0&o_symb=nrds
http://www.wallstreetreporter.com/profiles/NordResources.html
http://www.nordresources.com
Closed at 30 cents on 2/2/04
Looks like they are seeking $20 Million in financing. If they close on it, this stock will see 1-3 dollar range in the next 6 months. And has the potential of being even higher by the end of 2004, early 2005.
Remember, there is only about 21,500,000 shares outstanding so their market cap is STILL just $6.45M at 30 cents.
Do the math, it gets quite interesting indeed.
Nobody is hyping or pumping this stock, word is just slowly spreading among the mining community.
NRDS - Copper Mining Co (.26)
Take a look at their chart, it is picking up some serious steam. This is more of a longer term pick as metals are just starting to run (besides gold which has been going for a while now)
They will be updating financials after a 3 years shortly from what I'm hearing.
www.nordresources.com
Wow, things are really taking off !!
15 Cents today.
For more information on the company and it's potential listen to this interveiw with the CEO =
http://www.wallstreetreporter.com/profiles/NordResources.html
Something is up with this Copper company!
NRDS - Nord Resources
Take a look at the stock chart, something is going on. Then take a look a TOTALLY revamped website:
www.nordresources.com
I started a board on this company for anyone with information on them.
http://www.investorshub.com/boards/board.asp?board_id=2093
Created this board because something is going on with this company.
Stock has traded between 1-3 cents over the past few years. All of sudden it's volume has increased and it's in the 6-7 cent range.
I've also noticed a BIG INDICATION - website has been redone.
Have done a little research on the company and they filed for Chapter 11, but it didn't go through because they won a lawsuit for 6 million bucks. Looks like they've been doing some serious construction on their Johnson Camp mine(has a power point description on the website).
The mine is capable of producing some 40 Million Pounds of Copper per year. And with the price of copper surging above the 90 cent range, this is a story in the making. All they need to do is start filing financials and this company could easily move.
Keep your eye on Nord. The website, volume, price all are serious indicators of a company about to break out.
I picked up a few shares the other day and are watching closely for another entry point.
If anyone else has info on this company, lets help each other out and post here!
Yep, I'm watching CESY too :)
skunks-
Only relation that is being hyped in regards to CESY being the next ADOT is the fact that it's being HYPED the same way.
HUGE VOLUME to begin with but also a similar push to get the stock above a penny.
Will CESY be a ADOT - I have no clue, but it would be interesting to see with all the talk out there on it.
Remember, we're not investing in these companies - just riding the momentum play!
Best of luck!
Billion Traded by close on CESY?...
Wow, there will be a TON of talk about CESY this weekend. Even though I'm not big into holding, I feel decently comfortable keeping it to see what happens next week.
There is a MUCHO hype out there regarding CESY as the next ADOT/NEOM.
Self-fulling prophecy ????
.0061 CESY
CESY .0058x.0059
Anyone done any chart analysis on CESY?
CESY a late day sell, or a hold through the weekend?
CESY ASK .0054
Prediction on CESY? Anybody know what this could possibly do?
CESY volume is HOT...
I'm loaded in this still but my PPS is even where it stands this afternoon.
Still in CESY too. Finally got some movement back in her. Will see what the trading scene looks like over the next several days.
I agree, CESY signals are quite interesting.
But with the way it's been trading, who really knows what's going on.
TIME WILL TELL!!
I'd sure love it to break .005 fairly soon!
Added another CESY block. Brought my PPS down and I'm now loaded on this POS!!!
NRDS just completly updated their website @ www.nordresources.com
Early rumor I got is that they are updating SEC records to become compliant once again.
Wow, glad I held CESY, bouncing back very nicely and setting up for the next push forward!
Gecko -
I agree it's a slow day, seems like most of the subbers are taking a breather today. At least so far.
Money flow still is positive and the chart shows excellent promise. Once volume picks up, CESY should be on it's way.
Seems like the majority of sub stocks aren't up to much today. At least not yet.
I guess the WHOLE week can't be great.
Glad I waited on CESY, just grabbed another block @ .0042
what you think is going on elvis?
Trying to grab more CESY as well, watching it closely. Something is brewing and I like the odds.
Why the spread on CESY?
CESY might try to nab a few more at the open if it doesn't start moving right away. The chart is just looking too good at this point.
Best of luck to all tomorrow!
Buy CESY before the close and hold through tomorrow? Charts are setting up mighty fine.
Anyone have a take on ADVC?