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Soft Basher you are.
Never forget that what happens overseas affects us 100% on what our market does, how it opens, how the metal prices play out overnight in Shanghai and London. It all matters, a principle driver to our next day.
The statistics you copied and pasted, that I see all the time, were not the point of MANNKIND still being in the MOST WANTED SHARES list on the DAX. This is demand in the making. Without demand, there is no market.
Shares are becoming harder to come by - check it out - you will see that as of this morning through Charles Schwab, they are asking 14% to borrow MNKD shares, up 7% in two weeks.
Play nice today.
I was checking out the DAX in Frankfurt , where MNKD is also listed, since the NASDAQ was closed today.
Both last night and tonight MNKD is on their list on the homepage at the bottom right hand corner, for MOST WANTED SHARES
Check it out. MNKD on the DAX up 5.69% there today to 6.22 Euros
It is February 17th 2015 there now.
Here is the Webinar with all of Norm Chow's work. This is good explanation to all -- visuals are great.
http://www.amydata.com/data/Powerpoint/PlugVolt%2030-Apr-13%20Webinar%20Presentation.pdf
Good Article in Resource World Magazine April 2013 Vol. 11 Issue 4, page 19.
" American Manganese Inc. aims to produce high-purity, electrolytic manganese dioxide or chemical manganese doixide (CMD) from its flagship Artillery Peak property around 170 km northwest of Phoenix, Arizona. At a base case cut-off of 1% manganese (Mn), the project's North Chapin Lakes/MacGregor area has an indicated resource of 62.2 million tonnes for an average grade of 2.3% Mn, while inferred resources are just over 20 million tonnes, grading 2.5%. At a cut-off of 0.9% Mn, indicated resources for other zones are just below 145.6 million tonnes, grading 2.98% Mn. Inferred resources are 54.7 million tonnes, grading 2.83% Mn. Production will rely on a unique patented process and , on February 27, the company announced a "notice of allowance" from the US Patent and Trade Mark office for this. In October 2012, American Manganese contractor, Kemetco Research Inc., successfully produced rechargeable lithium-ion batteries from the CMD produced at Artillery Peak's pilot plant. "
Interesting way to receive financing for a juniour mining company. This is something to look at :
http://web.tmxmoney.com/article.php?newsid=58703848&qm_symbol=OLV
Here you go. You may contact the Honourable Christian Paradis, Minister of Industry in the Government of Canada at
christian.paradis@parl.gc.ca
Thanks to any who write.
Apparently I did not have the correct Government Department when I wrote to Mr. Flaherty, the Finance Minister in the Canadian Government, concerning grants for AMY. I have indeed heard back from the Government, and they have directed my letter to the Minister of Industry, Mr. Christian Paradis.
I encourage others to write to Mr. Paradis, as I shall be doing.
Letter to Mr. Flaherty, Finance Minister, Government of Canada
Dear Mr. Flaherty,
Pursuant to the letter I had sent to you recently concerning our lack of Electrolytic Manganese Metal and Manganese Dioxide within North America in order to produce product for the steel industry and for battteries in electric vehicles, it has come to my attention that the company I mentioned to you, American Manganese Inc., a Canadian Company, is indeed trying to pursue the problem that keeps arising in industry with battery explosions and fires. Please view the article I have enclosed below.
It is their intent to mine Manganese Metal (Critical and Strategic to both the Canadian and U.S Government) and Manganese Dioxide from their Artillery Peak, Arizona property in order to produce material for the Lithium - Manganese Spinel battery using their "Green Process." The recent successful Pilot Plant work generated high purity manganese carbonate which can be used not only to produce the Metal, but Electrolytic Manganese Dioxide or Chemical Manganese Dioxide. The EMD and CMD material can be used to produce a battery that contains no impurities. This patent pending process would greatly reduce or eliminate the concern for battery explosion and fires, as we have recently seen in Boeings’ Dreamliner.
It is difficult enough to deal with a battery that leaks, explodes, or catches fire on the ground, but in the air would be an unthinkable disaster. http://mobile.businessweek.com/articles/2013-01-18/why-the-batteries-in-boeings-787-are-burning
“American Manganese has made significant progress in advancing their hydrometallurgical process to make these critical raw materials by avoiding steps that are known to introduce metallic impurities. Prototype batteries have been produced and R&D will be advancing to the next stage.”
I thank you for your consideration of this project and look forward to a response from you on the subject. It would appear that there is a potential solution to solving our problem of "no availability of this specialty, yet critical metal called manganese" in Canada or the U.S.
Please consider your support on the development of the American Manganese Artillery Peak project.
Yours truly,
Article on projected steel production
http://finance.yahoo.com/news/steel-consumption-climbs-2-2-220100610.html
This idea is not my find, but is from Stock house. I located yet another article on Envia Systems EV battery that is in development and uses Manganese.
http://enviasystems.com/innovation/
Worth looking at this. Scroll down to see their concepts.
Interesting article from Anthony David, October 2012, on Manganese worldwide. This gives insight to how the market is viewing MN currently.
http://www.criticalstrategicmetals.com/the-advantages-pitfalls-of-mining-manganese-worldwide/
B.C. dividend (non public company) has a tax bracket between 2.08% and 33.71%. At $100,787 the rate is 29.96%. A dividend is not an expense and therefore the Corp has also to pay Corp tax. The rate is approximately 12% on B.C. corps (non public).
A person can be questioned on actual rates vs. marginal rates. Also, for Corp, we have different rates depending if we are a private vs. public company and rates vary when we have manufacturing and processing and it varies if it is Investment Income as opposed to Active Business Income, which may also qualify to the Small Business deduction.
As you see it can be complicated, and tax info for an individual is a private document only for the client and his accountant.
Tax rates are different in every province of Canada
The tax rate is as follows for an individual residing in British Columbia.
@$100,000 YOU PAY $25,454 IN INCOME TAXES IN B.C. AT THAT INCOME LEVEL, RATE IS 38.29% FOR ANY ADDITIONAL DOLLAR AND THE MAXIMUM RATE OF 43.7% IS ATTAINED @ $128, 800 OF TAXABLE INCOME .
But this is if it is straight income and the income is not received in the form of a dividend, as one may choose to do when incorporated.
Thanks for your continued informative posts and keeping things on track. Good that you are staying on top of it all.
I had not known about the interview discussing the potential battery JV partner -- somehow missed it.
This is what we want to hear.
Here's the latest article of interest from Anthony David, as related to Ree's, and therefore Mn.
US Critical Strategic Metals
China’s Great Rare Earth Reversal
July 30th, 2012 by Anthony David
From being the largest producer and exporter of rare earths, China is zooming towards the distinction of becoming the largest consumer of rare earths. With the growth of domestic high-tech industries, increased spending on defense technologies and demand for producing green energy, China is fast becoming a voracious consumer of rare earth materials. According to the U.S. Geological Survey, China’s consumption of rare earth elements quadrupled from 19,000 metric tons in 2000 to 73,000 metric tons in 2009. Almost 30% of China’s rare earths consumption has been primarily used in producing magnets.
In recent times, Chinese rare earth exports have fallen due to increased domestic demand and the government’s move to cap rare earth exports with quotas, citing environment protection and conservation of natural resources. According to a recent news report, China has cut rare earth mining permits by half in order to consolidate the industry and create bigger rare earth producing companies.
Perceived as muscle flexing and market manipulation, China’s move to cap rare earth exports and reduce production triggered off a price rise as well as panic in certain quarters. The situation however, has given a big boost to new rare earth exploration projects outside China and a slew of announcements for joint exploration and production of rare earth materials.
China’s domestic consumption of rare earths is expected to grow by 10 percent each year in the coming years. Increased domestic consumption combined with the cut in mining permits has set the stage for China to become a net importer of certain rare earths by 2014. While international rare earth producers are already positioning themselves to take advantage of this situation, it must be noted that China has a considerable stockpile of rare earths and export restrictions will only add to this inventory, thereby creating a shortfall in the market in the near term and driving up prices even further.
Since last year, there have been reports that China is actively spending huge amounts of money to buy up domestically mined rare earths to build a national stockpile. There are also indications that they are specifically targeting certain heavy rare earths. Chinese authorities have recently confirmed reports of establishing a spot trading platform for rare earths in August, 2012. This together with the national stockpiling exercise will give China a greater control on the rare earth market.
Nice little article Blairman.
The author, Mike Kapsch, covers the basics with LMD and how fast this lithiated Mn battery can charge, but his research is a little incomplete is all with the lack of mentioning AMY as a player to invest in for Mn. What matters is that more and more people will read about the importance of Mn and will become educated as to its relevancy in the industrial world markets.
Thanks for posting this for all to see.
"There will be no JV deal after EMD/LMD is produced by Kemetco, just as there was no JV deal after Kemetco produced EMM, IMO."
We'll see, won't we. I bet the other way, that we do get a great offer. It will take a good long time to analyze and discuss with the various companies of interest. You wouldn't want them to make a hurried decision here. It is imperative to get it right. There is no second chance for that. This is not a decision between whole wheat or rye.
"Lots of apparent interest, but so far no offtakers."
No kidding. Too soon. No one can analyze a company's financials, mining processes, mineral rights, permitting, hydrology, infrastructure etc. that fast unless they did a shoddy job of it.
"When will you understand that producing EMD/LMD through a hydrometallurgical process is not a new invention or a new process."
And ?? What about this ? We all know that this is a process that has been updated and re-vamped by Kemetco into a much more superior process than the original one. When it was invented is of zero consequence.
"Kemetco is not inventing anything that hasn't already been invented."
Yes, they did. Many, many changes to the original from the 1940's.
"Take the promo blinders off for a second and realize that what you are spinning is just a web of deception......again. JMO"
Not at all. Getting a great understanding of how the project is coming into position in various facets. Patience is required.
It has indeed been addressed by Mr. Reaugh that they are working to see where costs may be reduced. It is also discussed in the following interview exactly what the three areas of focus are for the remainder of 2012, and there is discussion here about the potential off-take strategic partnerships.
http://www.kereport.com/wp-content/uploads/0707-1-2.mp3
Sorry if this post ends up in duplicate, I submitted it and it disappeared. Computers -- not always perfect.
So, 2guys, I will try to answer what you have asked, even though I know that you will likely argue and this will be comparable to beating my head against a rock. I do request that you refrain from any further name calling at any time in the future. There is no relevancy in that to AMY for sure.
"The only one who can have a positive or negative effect on AMY is management."
Not so. We do affect SP by what we write. I can confirm this even today with those I know in Spain and China. They read what we write and look to us for a sort of guidance. Management is the main driver at all times, but what is printed here is read around the world, and people do take IHub into consideration. Do you really think this board should be turned into an episode of " fear factor ?" I say not. This board is to be informative and used in good faith, and submitters are expected to use sound moral judgement.
"Tell us, how have they delivered on promises so far? "
Tons. NI-43-101 on a big scale, pilot project, preliminary prefeasibility study, mine plan, on-gong work by Kemetco for the EMD and battery, meetings with those of notariety to see about pushing permitting through faster, educating the world about Mn which is a big job since most only know what gold and copper are, on-gong discussions and studies amongst several potential partners with AMY. This is only hitting the highlights.
"If you can answer that honestly, then you will realize why AMY is trading where it is today. JMO " Easy. I presume you have been through other market down times to know that the juniors get hit the hardest. I can name a hundred others that are all experiencing the same down cycle as AMY. Try LIM, SEA, NCU, CUU, CUM, BCM, QMI, AAA, DM,and then look at the big guys like BHP and POT and see that they are not in the party throwing mood either. There are only rare exceptions bucking the market trend right now. None of us like this market, but frankly, I can't control the world and have no choice but to wait that market out, just as you have to wait. Then when the market does turn up, the juniors fly, which is why most of us are in it in the first place.
Thanks to Gharma and Blairman for continued support here.
It is known that players can't play when they receive a sustained " no response." All tire long ago of this latest venue of conversation that makes an attempt do nothing but aggravate, not teach. It has been reported by many to those on a higher echelon. Game over.
Please, all who have good information related to AMY, continue with your great work. It is indeed valuable.
Thank you Blairman for attempting to get it through to others that it is of utmost importance to post relevant information about AMY and that slanderous postings can and do result in legal action.
Here is another use for Manganese that I did not know about.
http://www.scientificamerican.com/podcast/episode.cfm?id=fungus-makes-manganese-manage-mine-12-07-16
Amongst comments in Anthony David's Critical Metals Report this month, this is good to hear.
" Declining Chinese demand for iron ore and falling prices could not have come at a better time for Indian steel producers who are facing a huge shortage of iron ore due to a ban on illegal mining in key iron ore mining regions in India. With the current gap between domestic and international iron ore prices, Indian companies are capitalizing on the advantage with iron ore imports.
The WSA (World Steel Association) indicated that India’s demand for steel is set to grow by 6.9% in 2012 and reach levels of 9.4% in 2013 owing to rapid urbanization and growing infrastructure investment. In fact at 6.9%, India’s demand for steel is twice the global growth. The Rio Tinto group is advancing its study of an Indian iron ore mine to take advantage of India’s growing demand for steel. "
Keep up the good research. I was aware of the beating with Baja, but not with VTR. Your input is great !
Spare change is running thin for further shares -- but looking around on how to acquire more. I did alot of buying starting two years ago, then another 4 times thereafter, so I topped off on what I could back aways.
Thanks Blairman for the info on the insider trades. Outstanding to hear this. Agree with you that this buying is an absolute positive factor. It is further confirmation of what has been said about AMY coming along with all kinds of news in the near future.
Also, appreciate the reminder to all that we are individually responsible for the shares we buy or sell.
Excuse my error Ed -- I meant for you to look back to post
#3698.
It would be important to read the entire posting at #3702. There was a correction made to the reason for the 50% sell-off. "Setting The Record Straight" once more : Redemptions were the primary factor, and they took advantage of the high volume.
The company has indeed been derisked Ed -- the pilot plant process is as good as was anticipated and better. There will be a patent on this process. AMY will be a green company and will not have expensive drilling.
I invite you to consider that China and Europe are rattling our cage almost daily and I doubt that there is a trader in N. America who is having it easy now, or feels relaxed about world events. This is the trickiest time I have ever seen on the market for reasons that have nothing to do with AMY.
It is with much travel, conferences and speaking engagements that AMY is " getting the word out there " about Manganese in general. People know what gold is, what silver is, what copper is. Almost no one knows what Manganese is, let alone EMM and EMD. It is a tough go to educate the world about MN and stir up interest in the mineral. I have done my part and can accurately say that no one I have talked to about Mn knew what it was used for, nor that we produce not an ounce. It is only with continual talks and education about Mn that AMY can potentially open the public's eyes to how serious a nature it is that we produce none in N.America -- and then to let them know the details about how this can all change so that we become a world class producer.
For all those who balk at the fact that Mr. Reaugh is speaking at many places -- would you prefer that he said nothing and did not get the word out there ? -- it is better to NOT tell anyone about the project ??? Really, logic needs to apply big time.
I would encourage all the nay-sayers who are owners of AMY stock, to take half their usual time that they use to do postings, and instead HELP OUT. No one made you buy the stock .
Thank you so much to all others who post informatively. It is greatly appreciated and I have often been amazed at the indepth analysis and speed with which information has been put out.
This is " Part Two" of " Setting The Record Straight " with assistance from AMY in making sure our postings are accurate.
Reasons to stay focused....
1. Canadian agency support
2. Kemetco personally involved
3. AP is massive
4. No blasting Light blasting, low power factor
5. No roasting
6. No grinding
7. No selenium
8. No logistics issues
9. No strikes Unknown factor
10. No labor $$ surge Unknown factor
11. No tailings Tailings co-disposed with waste rock
12. Non-toxic materials are introduced into the environment only
13. Only U.S. producer in N. America
14. S.M.E. loves AMY
15. D.O.E. loves Mn
16. D.O.D recognizes EMM Learning curve on behalf of the D.O.D. required.
17. Cheapest EMM in the world Potentially lowest cost producer (worldwide statistics unknown)
18. Mine-to-market
19. High Mn recovery rate (worldwide statistics unknown)
20. Fastest to fill an EMM order In comparison to who?
21. No customs paper work Only on exports.
22. No depending on sea shipments Only on exports
23. No supply of EMM to meet future demands
24. No improvements in the Processing costs Pending conclusions and recommendation from Report process optimization
25. No by-product credits Sodium Sulphate and power co-generation
26. No difficulty mining due to flat lying Simpler…
27. GM loves Mn
28. LG Chem loves Mn
29. Corvus loves Mn
30. BASF loves Mn
31. Hyundai loves Mn
32. Nissan loves Mn
33. Duracell loves Mn
34. Energizer loves Mn
35. No substitute In Steelmaking however Potential substitution of Nickel in Stainless 300 series verses 200 series
36. Oligopy More of a closed market as opposed to Cartel
37. Mn is the 4th largest traded metal
38. Every state in this country & country on the globe, uses Mn “Motherhood statement”
39. China supplies 98%
40. Most stable supply in the world? China is the most unreliable supply
41. 100% Owned by AMY
42. No mixing of low grade with high grade like china?
43. No destruction of battery manufactuers equipment because of that....DD what Duracell said?
44. AMY's always highest of purity products, could command a premium to spot market
45. AP is the middle of an energy/transportation network
46. AMY has sections with grade as high as 12+ % ? Until the project has been entirely drilled this is an unknown factor
47. AMY's only outside of china "competition", MMC, just had 31 yrs of experience, join AMY.??
48. Mn cathode independetly verifed by Naval Surface Warfare Division?
49. Hyundai......can't forget the cathode the've guranteed for life,,,Mn.
50. Envia......... can't forget the cathode they use,,,,Mn
51. FSV vehicle that is U.S. based...not possible without EMM??
52. AMY's pre-feas numbers show a EMM per pound price of $1.75 by 2014. CPM Report Forecast
53. Shiga E.Coli....success means 2014/15 Mn demand ????
54. Spintronics.....see above ???
55. Axeion........... see above the above ???
The future shortage of EMM would be significant however we are reluctant to speculate on numbers
This is who AMY hires.....Kent Hughes Butts from the very agency that did the report last year on how badly Mn products are needed.???
56. Mn is on China's Critical list. Selenium faces a ban and is a toxic containment in Mining
57. EMM stockpiled at ports is due to mandate of selenium free Mn future.
58. What value does a no testing battery powder patent, put into the company ????? (Priceless imo ) ??
59. China only has 6% of the worlds Mn reserves...but supplies 98% of EMM.
60. " The Chinese Government’s position was that these policies were to protect the environment and natural resources. ".....this comment from china in the WTO dispute, is maybe THE biggest reason why china will continue to eliminate metal(s) output.
This is their stated position as metal output is extremely Energy and Water intensive
-----------------------------------------------------------------------------------------------------------------
The negative......
1. $377m more than previous 2009 estimates (PEA). 2008- 2009 material and metals depressed
See number 24
2. Per pound costs is around 30-40 cents higher Pending conclusions and recommendation from Report process optimization, costs could potentially decrease 5 to 10 percent.
See number 24
What if the grade goes up this second round of drilling,,,,the Cap-x comes down to say $315m....Op-x to .75 per pound ???? What you'd have is a normal mining company with realistic numbers all around.
We have this NOW. The project remains economically robust with excellent upside potential
Expansion to suit market demand
Potential cost reductions: Operating Costs and Capital Costs
The cost to buy will rise far faster than AMY's Op-x.
CPM Price forecast supports this
Alot of us have posted to the best of our ability, but not necessarily with 100% fact. The following is a compilation of postings, including from myself, that have been reviewed by AMY and have comments from them to assure that we are indeed posting accurately.
Above all, we need know what the facts are. Take time to read this.
Facts...
- Immense resource in the ground in a friable material that can be easily chipped at with a shovel -- no expensive drilling.
Yes
- Only 25 % of the property has been drilled, so there is a lot more Mn in the ground than is in the NI-43-101 proven resource.
Potentially 20 percent
- AMY just brought on a new staff member with exceptional experience in EMM and EMD. Had he not thought this project was viable, he would not have moved half way around the world to work with AMY.
Board member, not a paid employee. Not required for him to relocate to Canada.
- AMY is part of the " Clean Tech Alliance " -- a founding member -- it will be a very green company, no tailings pond.
-Modest Risk remains only in (the price of EMM and EMD) going forward, technical factors of the project have been considerably de-risked now that we have a proven pilot project and with Tetratech, a world-class engineering firm confirming that this project is scalable.
- the State mine plan can be filed imminently The application process can get underway with state agencies and Bureau of Land and Mines upon release of the PFS report.
- 50% of the sell-off of shares the day of the announcement of the prefeasibilty had nothing to do with logic, but was hedge funds acting simply because they did not get immediate gratification. They went elsewhere and no fundamentals of what AMY has were applied to this move. This is what hedge funds do.
Redemptions are the primary factor and took advantage of high volume to liquidate.
- The EMD advantages when produced with the Kemetco process is that these batteries will have high power discharge, thermal stability, and are significantly cheaper than cobalt based batteries. These AMY batteries potentially have no impurities that lead to instability that all other batteries for electric cars have, therefore May not require the very lengthy and time/cost coefficient essential to testing the current batteries used in electric cars.
- AMY has ordered battery-testing equipment and will have a finished product within about 10 months.
- On April 16, 2012, Obama signed into law that the US government will support technology and mining of critical minerals that are related to defense. It had been realized by them that we cannot make any steel on our own and are currently dependent on China for the EMM etc., so they are eager to encourage and aide projects related to US Defense. This bill states that this help may come in the form of grants and loans.
Potentially
- On June 6th, Mr. Reaugh will present AMY and discuss the above in D.C. as an invited member at the conference on Critical Minerals, and will discuss with State Senators, Congressmen, and others at the top in Defense in the US about what can be done to expedite development of the project. This may involve such things as environmental permitting. This meeting is very important in that only three mining companies in all of N. American were invited to this conference.
- AMY is not planning to issue stock options
Other than to newly appointed Directors who do not have been granted incentive options.
- The Company has over 12 outside parties in discussion as possible JV partners. These parties include steel, aluminum and battery interests. This will be a big decision that must be considered most carefully over time by AMY because the partner chosen will determine more the direction of the market AMY will be supplying. The world scenario would be followed closely by AMY to figure out what would be in the best interest of The Company, and now is not the time to decide that, in a market that is volatile and is imploding on itself every other day. When determining a JV partner, these discussions go back and forth many times before every detail can be agreed upon. It is complicated and involves in-depth studies to accommodate both parties and ensure fair treatment to both.
- Even the big boys in mining like BHP Billiton are gearing back on their plan for the year and are dealing with their price per share loss from around $85.00 down to $45.00 in the last few weeks. Barely any mining company has been spared from the turmoil in Europe and China.
I will list pros for you, but for the cons I will not go there for the following "pro" reasons.
- Immense resource in the ground in a friable material that can be easily chipped at with a shovel -- no expensive drilling.
- Only 25 % of the property has been drilled, so there is alot more Mn in the ground than is in the NI-43-101 proven resource.
- AMY just brought on a new staff member with exceptional experience in EMM and EMD. Had he not thought this project was viable, he would not have moved half way around the world to work at with AMY.
- AMY is part of the " Clean Tech Alliance " -- almost a founding member -- it will be a very green company, no tailings pond.
-Risk remains only in the price of EMM and EMD going forward as the project has been considerably derisked now that we have a proven pilot project and with Tetratech, a world-class engineering firm confirming that this project is scalable.
- the State mine plan can be filed imminently
- 50% of the sell-off of shares the day of the announcement of the prefeasibilty had nothing to do with logic, but was hedge funds acting simply because they did not get immediate gratification. They went elsewhere and no fundamentals of what AMY has were applied to this move. This is what hedge funds do.
- The EMD advantages when produced with the Kemetco process is that these batteries will have high power discharge, thermal stability, and are significantly cheaper than cobalt based batteries. These AMY batteries potentially have no impuities that lead to instability that all other batteries for electric cars have, therefore will not require the very lengthy and time/cost coeffiecint essential to testing the current batteries used in electric cars.
- AMY has ordered battery testing equipment and will have a finished product within about 10 months.
- On April 16, 2012, Obama signed into law that the US government will support technology and mining of critical minerals that are related to defense. It had been realized by them that we cannot make any steel on our own and are currently dependent on China for the EMM etc., so they are eager to encourage and aide projects related to US Defense. This bill states that this help may come in the form of grants and loans.
- On June 6th, Mr. Reaugh will present AMY and discuss the above in D.C. as an invited member at the conference on Critical Minerals,and will discuss with State Senators, Congressmen, and others at the top in Defense in the US about what can be done to expedite development of the project. This may involve such things as environmental permitting. This meeting is very important in that only three mining companies in all of N.American were invited to this conference.
- AMY is not planning to issue stock options
- The Company has over 12 outside parties in discussion as possible JV partners. These parties include steel, aluminum and battery interests. This will be a big decision that must be considered most carefully over time by AMY because the partner chosen will determine more the direction of the market AMY will be supplying. The world scenario would be followed closely by AMY to figure out what would be in the best interest of The Company, and now is not the time to decide that, in a market that is volatile and is imploding on itself every other day. When determining a JV partner, these discussions go back and forth many times before every detail can be agreed upon. It is complicated and involves indepth studies to accomodate both parties and ensure fair treatment to both.
- Even the big boys in mining like BHP Billiton are gearing back on their plan for the year and are dealing with their price per share loss from around $85. down to $45. in the last few weeks. Barely any mining company has been spared from the turmoil in Europe and China.
This is a fast overview of the pros. Most importantly in analysis of any company, stick to facts, not opinions of which there are scads, and there will only be more daily. Fundamentals of what any company proves is what matters and continue to look at that and in which direction the economy is going.
Trust this has helped you some.
Resource World Volume 10, Issue 5, May 2012
There is a section this month on Specialty Metals. They talk about Magnesium, Cobalt, Titanium, Tungsten, and Manganese.
Page 32 for those looking it up on-line :
In the Mn section, the ones metioned are Buchans, Ecometals Ltd, and American Manganese Inc.
Here's what is said about AMY:
" American Manganese Inc. is concentrating on growing opportunities in the steel industry, evidenced by its recent acquisition of the Artillery Peak manganese property in Arizona, recognized as the largest known manganese deposit in the southwest US. China currently controls 98% of the world's supply and produces it at a cost that American Manganese is confident it can beat, leaveraging its Artillery Peak Project and a proprietary hydrometallurgical extraction process that it says is environmentally benign. As the US has no domestic supply of electrolytic manganese, it relies wholly on exports from China. However, prices are high due to export and import duties.
Drilling, leach testing, and mine planning are underway and Artillery Peak is scheduled to begin production in 2014 and produce approximately 50,000 tonnes of electrolytic manganese metal per year over the 17 year mine life."
I wonder where they got the 17 year mine life.
There is also an advertisement for AMY on Page 35.
In all these situations where there are multiple guesses as to the reason for the prefeasibility not having surfaced yet, always remember that you can have your answer tomorrow, as to exactly what is going on.
The answer is at your finger tips --- call them at American Manganese Inc. and they will tell you what is happening, I can assure you. No need for guessing at all -- get the right answer.
We are fortunate that AMY had not been put on the back burner as some potential mines have been with Tetratech -- not to their fault at all, but they have an onslaught of junior companies this season as they never have had before. Another company I bought into in small quantity has been told that Tetratech will have their pre-feasibility only in July or August.
Since we have no EMM EMD companies to compare to, I have used five up and coming REE companies to compare AMY's price chart to, for the past year, just to see if AMY has experienced anything that unusual in closing prices up or down.
I can assure you that these Ree companies and AMY are following the EXACT SAME TREND. If anything, I see 4 separate times spanned out over the year where AMY had bigger " ups " than any of these well known Ree mines in the making.
AMY has experienced not a single unusual downside when placed along side these charts.
Once again, this shows that AMY is no exception to falling victim to Asia's and Europe's almost daily thrashing that we receive on our markets. I do not see any of AMY's corrections as having anything to do with the fundamentals of the company.
Thanks tons Gharma for finding and posting the National Defense Resources Preparedness Executive Order.
This is no doubt one of the most important posts we have had.
I have read it thoroughly and will urge others to do the same.
I see American Manganese fitting in on no less than 7 different accounts.
This quote from President Obama is in a general article about Rare Earths, dated April 18, 2012.
It speak directly to American Manganese.
" Being able to manufacture advanced batteries and hybrid cars in America is too important for us to stand by and do nothing," says Obama.
http://www.industryweek.com/articles/rare_earths_major_headache_27087.aspx
In response to Futrcash post # 3274
The prefeasibility study represents an intermediate step in the engineering process to evaluate the mining project. The objectives of the prefeasibility study are to determine:
Resources/reserves
Mine and mill extraction methods
Environmental issues and permitting requirements
Development period and mine life
Product recovery rates
Capital cost estimates
Operating cost estimates
Tailings containment options ( which does not apply to AMY)
Sufficient test work has been completed to develop mining and processing parameters for equipment required, there should be flow sheet development, and production and development scheduling.
However, these cost estimates and engineering parameters are typically not considered of sufficient accuracy for final decision making or bank financing. Depending on the government jurisdiction, the study may not be sufficient for the reserve reporting.
A feasibility study, or bankable feasibility, is the last and most detailed step in the engineering process for deciding if a project is a " go ahead." At this stage the engineering, everything is in more detail.
Yet another viewpoint on REE's. This time by the Pentagon with a skewed outlook for next year on what we need for Ree's in the US. They claim that the estimated need for dysprosium for next year is seven tons -- all required for the defense department -- none left for domestic use.
Good for us. We are mining dysprosium but cannot process it, so are still dependent on China for that.
http://www.pittsburghlive.com/x/pittsburghtrib/news/print_790579.html
Announced this past friday, March 30, 2012, Canada is now establishing its first electric car charging centers. They have begun with 34 stations placed in Quebec City and Montreal. This is the beginning, with plans for many more stations to be installed by summer.
They are putting these charging centers at restaurants and near stores, so that the car owner may go and do something else for the hour that is required to recharge the battery pack. The cost is $2.50 per charge.
Wouldn't a Lithium Ion battery that uses EMD charge in a shorter time ?
No so long ago, IHub was used to post news. That would still be its purpose. Allow me to apologize for those who feel that it should be used for other purposes.
It would be most important to remember that IHub is read world-wide, in fact, is currently being read by shareholders I know in Beijing. If you think that IHub does not have influence, that would be incorrect.
I am aware of AMY shareholders who have staked their livlihoods in this stock , right or wrong for reasons we all know, this is what they have done because they believe 100% in the fundamentals of AMY. They have done their homework on a major level and have taken the initiative to back a company that may well be one of the biggest stories of our lifetime.
It would be important to understand that this is not a game, this truly is people's livlihoods, whether it is the tireless employees of AMY or the shareholders. Libellous postings or unethical statements serve no purpose. We are all in this because we believe in American Manganese Inc. and now, at a time when we will have an announcement of calibre, it would be great for all to show support in everything we say.
Yes, I am a subscriber to Resource World. In fact, this is where I first read about American Manganese two years ago, and probably wouldn't have known about it otherwise.
I assure you, I will let you know the details of what is said in the May 2012 issue on Manganese. The article on indium, vanadium and lithium this month is 11 pages, not just a mention, so we may anticipate an article with some detail for manganese.
Glad to be of help.
The February issue of "Resource World" has extensive articles on Specialty Metals, including lithium, vanadium and indium.
I just spoke with Irene Fournier at Resource World in Vancouver. Her editor has given me permission to disclose that I may state this now. My question to her was "will Manganese be one of the specialty metals you cover in an upcoming issue and if so, when?" The answer was great -- Yes, manganese will be covered in the May 2012 issue.
While she cannot disclose the article details at this time, I anticipate seeing alot on AMY. There are 20,000 copies monthly of this magazine in circulation,so many, many will read about American Manganese. This will be great for trading volume.