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Drones over Dubai! NEO Battery Materials is the hidden gem for the drone supercycle and more!

Current developments in the Middle East are showing the world, with depressing clarity, how much warfare has changed. Images over the weekend from Dubai, Qatar, and other major cities demonstrate the destructive potential of drones – precise, difficult to defend against, and often deployed with comparatively limited resources. It is evident that drones will not only dominate future battlefields but will also take on an increasing range of civilian applications. Still considered a hidden gem in the emerging drone supercycle is NEO Battery Materials. In South Korea, the company produces high-performance batteries for drones, robots, and electric mobility. In terms of performance metrics, it claims to outperform Chinese competitors significantly.

This article is disseminated in partnership with Apaton Finance GmbH. It is intended to inform investors and should not be taken as a recommendation or financial advice.

NEO batteries clearly beat Chinese competition

NEO Battery Materials (USOTC:NBMFF) (TSXV:NBM) is currently successfully positioning itself as a supplier for the next generation of drone batteries – and recently provided practical proof of this. In a live flight test with a commercial surveillance drone from a South Korean OEM customer, NEO’s newly developed NBM Drone Cells achieved an average flight time that was almost twice as long as a comparable Chinese battery. Instead of around 30 minutes, an average flight time of just under 60 minutes was possible under the same conditions. And that was at temperatures of -3 to -5 °C.

The performance leap is driven by the significantly higher energy capacity and energy density of NEO’s batteries, rated at 755 Wh and 260 Wh/kg. In addition, they exhibit more stable voltage characteristics, ensuring operational reliability and protection against power drops, even in the low voltage range. At the same time, the battery packs matched the benchmark in terms of discharge rate and current output – meaning they could meet the same thrust/lift requirements, but over a significantly longer duration. In addition, NEO reported efficiency gains, including improved flight time per unit of capacity and per unit of weight. Furthermore, the use of silicon anodes enables noticeably faster charging speeds, which translates into quicker turnaround times and reduced operational downtime in practical applications.

German company Helsing could also use NEO batteries soon

Following the successful demonstration, the company is working on integrating a battery management system and optimizing materials in order to quickly bring the cells to series production readiness and evaluation by customers and authorities. The goal is clear: to establish itself as a non-Chinese supplier of drone batteries in a rapidly growing market.

Perhaps the German drone specialist Helsing will soon become a NEO customer. The Munich-based company’s drones are already in use in Ukraine. Helsing’s HX-2 is electrically powered and therefore fundamentally dependent on powerful battery systems. Helsing recently received a boost from Berlin. The Budget Committee approved an initial Bundeswehr order worth around EUR 540 million, which will likely be shared between Helsing and Stark.

Price potential also due to robotics sector

In addition to drones, robots also rely on powerful batteries. NEO Battery Materials is positioning itself in this area too. A strategic technology partnership with South Korean AI logistics robotics company Zio Robot was recently announced. The new partner works closely with Samsung Electronics. The aim is to optimize high-energy lithium-ion cells for Zio’s “Mobile Worker” AMR platforms. The robot is designed to move heavy loads of up to 6,000 kg in industrial settings. NEO aims to enable longer runtimes and higher payloads than Chinese-made batteries currently in use by offering higher energy density and better high-current capability. Together, the two partners aim to develop integrated prototypes and test them in real-world production and logistics processes at anchor customers, including Samsung.


The West needs alternatives to China not only for raw materials, but also for key technologies such as batteries. NEO Battery Materials offers precisely this, leaving the competition behind in terms of technology. At the same time, the company is only valued at approximately CAD 115 million on the stock market. Given its huge potential, this seems anything but expensive. The company has strong partners and concrete orders. For example, an Asian drone manufacturer will use NEO batteries for its cargo drones. At the end of 2025, orders were reported from a North American Fortune 500 automaker and a South Korean Fortune 500 automotive supplier. NEO is also collaborating with the Korea Institute for Defense Industry (KOIDI), making it part of the country’s defense industry ecosystem. Therefore, it can only be a matter of time before NEO’s share price rises significantly.

Despite numerous success stories, NEO’s share price has yet to take off. Source: LSEG

Conflict of interest

Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as “Relevant Persons”) may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a “Transaction”). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

For this reason, there is a concrete conflict of interest.

The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

Risk notice

Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.

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This article was prepared by InvestorsHub/ADVFN as part of a paid marketing or advertising arrangement. InvestorsHub/ADVFN has received compensation from the issuer or a related party for the creation and distribution of this content. This material is provided for informational and promotional purposes only and should not be considered investment advice, a recommendation, or an endorsement of any securities. Readers should conduct their own independent research and consult a qualified financial professional before making any investment decisions.

NBMFF Discussion

View Posts
INV4 INV4 5 months ago
NEO Battery Materials:
Making companies like Rheinmetall and Mercedes-Benz less dependent on China’s battery market

Nov 13, 2025

he next wave of the industrial revolution is being driven by high-performance batteries. They are the lifeblood of booming sectors such as electromobility, autonomous drones, and AI-powered factories. Investors who back the companies developing and integrating these advanced energy storage systems are positioning themselves at the forefront of a megatrend worth billions. Battery innovator NEO Battery Materials (USOTC:NBMFF) is therefore increasingly coming into focus. Defense giant Rheinmetall is seeking improved batteries for its drones to enable longer flight times, while car manufacturer Mercedes-Benz is searching for next-generation battery technology that could finally help electric mobility achieve its definitive breakthrough.

This article is being disseminated on behalf of Apaton Finance GmbH, a third-party issuer and is intended for informational purposes only.

NEO Battery Materials – Focus on high-tech batteries
Batteries and rechargeable power sources are taken for granted these days. Most people assume that better batteries only make sense for electric mobility. In reality, they are crucial in many other sectors. High-performance batteries are essential for drones, robotics, renewable energy storage, and AI data centers. This is precisely where the Canadian company NEO Battery Materials comes into play. Rather than merely supplying raw materials, NEO develops advanced silicon anodes that make batteries more durable and faster to charge. Just as important as the technology itself is the Company’s strategic approach. NEO is building an independent and robust battery supply chain for North American and Western markets while also developing customized battery solutions. In today’s world, this is a unique selling point that is likely to attract key industry partners.

Theoretical advantages are now translating into tangible commercial success. NEO recently announced a series of multi-million-dollar partnerships, including a purchase agreement worth the equivalent of CAD 3 million with a South Korean manufacturer of unmanned combat aircraft and drones, and another CAD 2.5 million deal with an industrial robotics company. These collaborations are more than just sources of revenue; they are proof of the technology’s practicality. A further, often overlooked growth driver is the massive energy demand of artificial intelligence. Power-hungry data centers and decentralized AI applications are fueling the need for more efficient and powerful energy storage systems – a perfect fit for NEO’s next-generation battery solutions.

Unlike many pure development companies, NEO Battery Materials will soon enter the production phase. The Company recently secured a productive manufacturing facility in South Korea through a lease acquisition. This facility already produces battery electrodes for established automakers and generates immediate revenue. The Company has also raised fresh capital to finance further expansion, particularly for new cell production lines. The focus is now on integrating its silicon technology into this existing, more profitable production and thus implementing its growth strategy at the operational level. The stock is currently trading at around CAD 0.53 and appears to be forming a technical bottom here.

Rheinmetall – Drones, figures, and strategic expansion
In the drone business, Rheinmetall relies on a broad portfolio ranging from reconnaissance systems such as the LUNA NG to kamikaze drones such as the FV-014 Raider. A decisive factor for the military value of these systems is battery life. Longer battery life means greater operational range, lower operating costs, and more flexibility in payload. For investors, it is relevant that advances in battery technology, for example, through collaborations with partners such as Honeywell, directly increase the attractiveness and competitiveness of Rheinmetall drones on international markets. This is a clear strategic and economic lever.

The figures for the third quarter underscore the robust business development. In the first three quarters, the Group picked up speed and increased its revenue by a whopping 20% to EUR 7.5 billion. Operating profit also rose sharply, climbing 18% to EUR 835 million. This positive development was driven primarily by the core military business, which enjoyed strong tailwinds. The civilian sector, on the other hand, continues to lag behind expectations. The order backlog reached a record level of EUR 64 billion. The annual forecast was confirmed, which gives hope for a strong fourth quarter as soon as delayed orders from German customers start coming in.

Beyond the operating figures, Rheinmetall is expanding strategically. A joint venture for propellant powder was established with Romania, production of 155 mm artillery ammunition was launched in Lithuania, and a joint venture for SAR satellites was launched with ICEYE. These projects, with total investments of over EUR 800 million in these examples, strengthen the Company’s presence on NATO’s eastern flank and open up promising domains such as space. They consolidate the Group’s strategic position far beyond its day-to-day business. The share is currently available for EUR 1,789.00.
Mercedes-Benz – The third quarter

Even in a challenging market environment, Mercedes-Benz Group AG is proving to be robust, as expected. In the third quarter, the Company achieved an adjusted EBIT of EUR 2,099 million, fully in line with the forecast for the full year. However, the tense situation in China and tariff influences were clearly noticeable. The confirmation of the annual forecast underscores the Company’s predictable development. Cash generation leaves a robust impression. Free cash flow from industrial operations reached EUR 1,367 million in the quarter, underpinning financial stability.

Things get interesting when looking at the individual business segments. A closer examination quickly reveals that the passenger car division achieved an adjusted return on sales of 4.8%, while the figure for Mercedes-Benz Vans was more than twice as high at 10.2%. The Mercedes-Benz Mobility division also performed well with an adjusted return on equity of 9.6%. However, the electric offensive has really picked up speed. Sales of fully electric vehicles rose sharply compared to the previous quarter, increasing by 22%. The first deliveries of the new electric CLA series were a fundamental driver of this positive development. The top-end segment also performed well, with global sales up 10%.

The financial basis remains solid for investors. Net liquidity rose to EUR 32.3 billion. In addition, the previously approved share buyback program of up to EUR 2 billion is now being implemented. With the upcoming merger of Mercedes-Benz Mobility AG, Mercedes-Benz is entering the next phase of its transformation. The goal is clear: to make processes more efficient and customer service even better. The Company is thus proving once again that it is not just reacting to these turbulent times, but is taking the reins. The share price rose after the quarterly figures were announced and currently stands at EUR 59.02.

The battery-powered era is opening up transformative opportunities. NEO Battery Materials is advancing from innovator to practical supplier with its high-performance silicon anodes and first million-dollar orders.Rheinmetall is pushing ahead with its drone portfolios, whose military value depends directly on more powerful batteries for range and payload. Mercedes-Benz is underpinning its financial strength and demonstrating with the strong growth in demand for electric vehicles that the decisive lever for the final breakthrough continues to lie in the most powerful battery. The future belongs to those who master energy storage.

Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as “Relevant Persons”) may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a “Transaction”). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

For this reason, there is a concrete conflict of interest.

The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

https://investorshub.advfn.com/market-news/article/19500/neo-battery-materials-making-companies-like-rheinmetall-and-mercedes-benz-less-dependent-on-chinas-battery-market

$NBMFF
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georgie18 georgie18 6 months ago
NBMFF...43...🥳 ... https://neobatterymaterials.com/
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TrendTrade2016 TrendTrade2016 2 years ago
isn't the stock halted from trading
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TrendTrade2016 TrendTrade2016 4 years ago
this beast is strong....US 50c coming
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TrendTrade2016 TrendTrade2016 4 years ago
NBM>V what a beast !!
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TrendTrade2016 TrendTrade2016 4 years ago
NBM.V monster running hard out of the gate!!!
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TrendTrade2016 TrendTrade2016 4 years ago
cute....watch a learn son. sorry about cln?
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Rockstar55 Rockstar55 4 years ago
This stock is about to get decimated
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TrendTrade2016 TrendTrade2016 4 years ago
NMB>V the next ev battery tech play, this one is about to heat up
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Renee Renee 5 years ago
Effective June 1,2021 BCGOF will change to NBMFF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Renee Renee 5 years ago
BCGOF: effective March 8,2021 Pan Andean Minerals Ltd. will change to Neo Battery Metals Ltd.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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TenKay TenKay 8 years ago
BCGOF reverse split 1 for 2 effective March 7, 2018.

http://otce.finra.org/DLDividendsDistributionsSplit
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Renee Renee 9 years ago
BCGold Corp. changed to Pan Andean Minerals Ltd.:

http://otce.finra.org/DLSymbolNameChanges
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OTCRIDER OTCRIDER 10 years ago
News Releases

04-Aug-2016

BCGold Corp. Closes Peruvian Transaction And 2nd Tranche of Private Placement Read Release
BCGoldCorp. (TSX-V: BCG) is a Vancouver-based junior resource company focused on copper and gold exploration in historic and emerging mining districts in British Columbia and Yukon. BC Gold Corp. acquires and develops conceptual,early and mid-stage exploration opportunities and advances the towards resource development by using internal expertise, engaging preferred joint venture partners, and creating strategic alliances with major exploration and mining companies.


04-Aug-2016

BCGold Corp. Closes Peruvian Transaction And 2nd Tranche of Private Placement



02-May-2016

BCGold Corp. Closes First Tranche of Private Placement



20-Apr-2016

BCGold Corp. Announces Revisions To Peruvian Transaction, Updates Private Placement



14-Apr-2016

BCGold Corp. Announces Proposed Acquistion of Peruvian Land Package and Private Placement



11-Apr-2016

BCGold Corp. Appoints New Chief Financial Officer



28-Mar-2016

BCGold Corp. Announces Wels Property Purchase Not Proceeding



26-Feb-2016

BCGold Corp. Confirms Effective Date of Share Consolidation



24-Feb-2016

BCGold Corp. Announces Shares For Debt and Provides Corporate Update



25-Jan-2016

BCGold Corp. Announces Acquisition of New Yukon Gold Discovery (Wels Poperty), Corporate Restructuring and Private Placement

http://www.bcgoldcorp.com/index.php?id=85&headerbar=0#pagetop
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Pro-Life Pro-Life 10 years ago
Anonymous Rickrolled a Canadian Gold Mining Company
Written by JORDAN PEARSON STAFF WRITER (CANADA)
March 28, 2016 // 01:36 PM EST

http://motherboard.vice.com/read/anonymous-rickroll-canada-gold-mining-company-bcgold-corp

Fact is certainly stranger than fiction... Lots more with hyperlinks at the URL above...

https://twitter.com/AnonOpsSE/status/714393418080915456/photo/1?ref_src=twsrc%5Etfw
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Renee Renee 10 years ago
BCGOF one for 5 reverse split:

http://otce.finra.org/DLSymbolNameChanges
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chemist99 chemist99 12 years ago
this may be a good time to average down. they were able to close the PP; with substantial insider participation, too.
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chemist99 chemist99 12 years ago
I've been a shareholder here (BCG, on the Canadian Exchange) for some time. Just like you, I suspect. Yes, it hurts. But have you followed their PP history? the insiders/directors participated significantly in the last PP. Why? because they believe in their company & that it's ultimately going to be successful. And that is what matters. they were once on Lawrence Roulston's list of junior explorers to watch. I'm going to keep my shares & buy more as funds allow.
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LGL8054 LGL8054 13 years ago
$0.048 ** This is a company that showed a lot of promise until we found that management knows nothing about running a public stock company but did they learned to steal money from the hands of stockholders by doing a reverse split and then dropping the price back down to where it was in the beginning?
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LGL8054 LGL8054 13 years ago
BCGold Corp.
Provides Engineer Mine Update and
Announces Changes to Board of Directors

Vancouver, British Columbia, May 1, 2013 (TSX-V: BCG) – BCGold Corp. ("BCGold" or the "Company") announces that pursuant to terms of the March 3rd, 2013 Letter of Intent with Solid Holdings Ltd., both parties have agreed to extend the 45 day due diligence period to further refine capital and operating cost estimates for the proposed small tonnage gold mining operation. During this extended due diligence BCGold is permitted to pursue alternative Engineer Mine development opportunities with other parties. The Company is considering a number of expressions of interest received subsequent to the March 3rd, 2013 announcement.



BCGold also wishes to announce that Mr. John Kowalchuk, P.Geo., has joined the Company’s Board of Directors. Mr. Kowalchuk has served as technical advisor to BCGold’s board since the Company’s inception in 2006. Mr. Kowalchuk possesses more than 43 years of mineral exploration experience with both senior and junior mining companies working in Canada, US, Mexico, Chile and Nicaragua. He was Yukon and Northern B.C. District Geologist for Placer Dome for over 6 years and was instrumental in the discovery of several worldclass mineral deposits, including the Howard's Pass SEDEX lead-zinc deposits operated by the Selwyn Chihong Mining JV, and the Kerr-Sulphurets copper-gold porphyry deposits operated by Seabridge Gold. Mr. Kowalchuk is a director and officer of numerous junior exploration companies.



"We are very pleased that Mr. Kowalchuk has agreed to join the BCGold Board of Directors" states Brian P. Fowler, P.Geo., President and Chief Executive Officer of BCGold. "Mr. Kowalchuk’s extensive copper-gold exploration background and unique skill set is a natural complement for BCGold’s exploration and development strategy. Mr. Kowalchuk’s technical prowess and exploration insights will greatly assist the Company’s exploration, acquisition and growth strategies, particularly in B.C. and Yukon."



BCGold Corp. also announces that the Company has accepted board resignations from Messrs. Guy Le Bel and Wes Roberts. The board and management would like to thank Mr. Le Bel and Mr. Roberts for their respective contributions and wish them success in their future endeavors.

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LGL8054 LGL8054 13 years ago
Front Page Feature, Newsletter Reviews
Canadian Junior Mining Companies and Independent Brokers Have a Bright Future


April 4, 2013 by Gold Editor

SOURCE:[The Gold Report] - Haywood Securities Managing Director Kevin Campbell is concerned by all the negative talk about the state of junior mining. In this reaction to an interview in The Gold Report with B&D Capital consultant Don Mosher, Campbell outlines the fundamental demand for commodities behind his conviction that this is a temporary downturn and that the TSX Venture Exchange, the industry and the experienced web of service providers that have built up around it are here toporary, albeit vicious, stay.

The Gold Report: As a managing director of investment banking at Haywood Securities, you're in a perfect position to report on the state of the junior mining financing environment. You called The Gold Report's March 25 interview of B&D Capital Consultant Don Mosher titled, "Strangulation by Regulation—Is the Venture Exchange on Its Deathbed?," alarmist. What is the state of the TSX Venture Exchange? Will it continue to serve the retail investor?

Kevin Campbell: The state of junior mining finance is abysmal. There's no question about that. The traditional sources of capital have all but evaporated over the last couple of years. Companies are seeking alternate sources of funding and in many cases are being successful. These sources include selling metals streams, selling royalties, hybrid debt, looking overseas, and all this is also leading to heightened merger and acquisition potential. The right companies will find ways to get by, but it's undoubtedly tough. Good management teams and good projects are going unfunded at the moment.

My concern is more around the public discussion of an existential threat to junior mining. I just don't believe that to be the case. It is an asset class like any other. It may be more volatile than others and subject to more extreme cycles. And we happen to be in a severe down cycle right now. Nonetheless, I believe that junior mining will remain an integral part of the commodity cycle going forward, and I believe in commodities going forward.

TGR: Are you saying that the challenges the junior miners are facing right now, particularly in finding funding, are simply cyclical? It has happened before; it will happen again and things will pick up.

KC: It all really comes down to flow of funds. The flow of funds from conventional sources has departed junior mining for the time being. But the demand for metals very much still exists. I think it comes down to some basic questions: Will there be more or less people in the world by 2025? Are they going to be more or less urbanized? Is their per-capita metal consumption going to be more or less than it is today? I think the answers point to the direction of enhanced metal consumption and more pressure from the demand side in the face of what has been a fairly anemic supply response thus far. I think there's reason to be optimistic and I think the cycle will see the flow of funds return. It just happens that we are in a trough where a lot of pain has been felt. I don't see any overall structural issue that would prevent junior mining from coming back to the fore at some point after this has all been cleansed and rationalized. One of my mentors in this business was let go from his mining role at a Canadian firm in 2001 with the explanation that mining was a "sunset industry." That sentiment is as nonsensical today as it was then.
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LGL8054 LGL8054 13 years ago



Front Page Feature, Newsletter Reviews
Canadian Junior Mining Companies and Independent Brokers Have a Bright Future


April 4, 2013 by Gold Editor

SOURCE:[The Gold Report] - Haywood Securities Managing Director Kevin Campbell is concerned by all the negative talk about the state of junior mining. In this reaction to an interview in The Gold Report with B&D Capital consultant Don Mosher, Campbell outlines the fundamental demand for commodities behind his conviction that this is a temporary downturn and that the TSX Venture Exchange, the industry and the experienced web of service providers that have built up around it are here toporary, albeit vicious, stay.

The Gold Report: As a managing director of investment banking at Haywood Securities, you're in a perfect position to report on the state of the junior mining financing environment. You called The Gold Report's March 25 interview of B&D Capital Consultant Don Mosher titled, "Strangulation by Regulation—Is the Venture Exchange on Its Deathbed?," alarmist. What is the state of the TSX Venture Exchange? Will it continue to serve the retail investor?

Kevin Campbell: The state of junior mining finance is abysmal. There's no question about that. The traditional sources of capital have all but evaporated over the last couple of years. Companies are seeking alternate sources of funding and in many cases are being successful. These sources include selling metals streams, selling royalties, hybrid debt, looking overseas, and all this is also leading to heightened merger and acquisition potential. The right companies will find ways to get by, but it's undoubtedly tough. Good management teams and good projects are going unfunded at the moment.

My concern is more around the public discussion of an existential threat to junior mining. I just don't believe that to be the case. It is an asset class like any other. It may be more volatile than others and subject to more extreme cycles. And we happen to be in a severe down cycle right now. Nonetheless, I believe that junior mining will remain an integral part of the commodity cycle going forward, and I believe in commodities going forward.

TGR: Are you saying that the challenges the junior miners are facing right now, particularly in finding funding, are simply cyclical? It has happened before; it will happen again and things will pick up.

KC: It all really comes down to flow of funds. The flow of funds from conventional sources has departed junior mining for the time being. But the demand for metals very much still exists. I think it comes down to some basic questions: Will there be more or less people in the world by 2025? Are they going to be more or less urbanized? Is their per-capita metal consumption going to be more or less than it is today? I think the answers point to the direction of enhanced metal consumption and more pressure from the demand side in the face of what has been a fairly anemic supply response thus far. I think there's reason to be optimistic and I think the cycle will see the flow of funds return. It just happens that we are in a trough where a lot of pain has been felt. I don't see any overall structural issue that would prevent junior mining from coming back to the fore at some point after this has all been cleansed and rationalized. One of my mentors in this business was let go from his mining role at a Canadian firm in 2001 with the explanation that mining was a "sunset industry." That sentiment is as nonsensical today as it was then.
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LGL8054 LGL8054 13 years ago
Looks like we may have to hold for another three years to find out what happens. These guys are finder GEO's not miners or producers and it will take a long time to see any money or increase in the stock price unless they sell out. if they sell pieces, it will be plowed back in to other projects.
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canucklehead80 canucklehead80 13 years ago
Engineering Cashflow
BCGold Inks a Deal to Expand its Mine and Increase Production
Kevin Michael Grace

March 7, 2013 - BCGold Corp V.BCG announced March 3 a letter of intent with Solid Holdings Ltd to finance and construct a minimum 30-tonne-per-day turnkey mine, mill and gold-refining operation at BCGold’s historic Engineer Mine located 32 kilometres west of Atlin, BC. Solid is required to produce a minimum of 10,000 gold ounces within three years, with 15% to BCGold’s credit on a gross-sale basis. Solid will provide all infrastructural, engineering, procurement, design, civil works and other administrative expenses associated with the Engineer Mine. Upon completion of these provisions, Solid may elect to acquire a 50% interest in the Engineer Mine by way of a joint-venture agreement.

President/CEO Brian Fowler spoke to Kevin Michael Grace March 5; read the interview here. http://resourceswire.com/2013/03/engineering-cashflow/
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Diogenes of Sinope Diogenes of Sinope 13 years ago
Not much at all yet. There a few things that come up on Google.


GL!
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LGL8054 LGL8054 13 years ago
Hey DAD, I wish I could have been there too. What do you know about Solid Holdings Ltd?

Look like BCG is split this mining claim into several pieces to surprise, I though they had a major that owned 5%.
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Diogenes of Sinope Diogenes of Sinope 13 years ago
I was there.

Thanks for the update.

GL!
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LGL8054 LGL8054 13 years ago
It looks like the Show and Tell in Toronto paid off.

03.03.2013 14:27 Uhr | Marketwire
BCGold Corp. Signs Agreement With Solid Holdings Ltd. to Develop and Operate Engineer Mine

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/03/13 -- BCGold Corp. (TSX VENTURE: BCG)(PINKSHEETS: BCGOF)("BCGold" or the "Company") is pleased to announce it has signed a Letter of Intent ("LOI") with Solid Holdings Ltd. ("Solid") whereby Solid will finance and construct a minimum 30 tonne per day turn-key mine, mill and gold refining operation (the "Engineer Mine") at BCGold Corp.'s historic Engineer Mine property, situated 32 km west of Atlin, British Columbia. Within a 3 year time-frame Solid is required to produce a minimum of 10,000 ounces of gold, with 1,500 ounces to BCGold's credit, on a gross-sale basis from the Engineer Vein on 6 and 7 Levels of the underground mine workings. Upon completion of these provisions, Solid may elect to acquire a 50% interest in the Engineer Mine by way of a joint venture agreement ("JV") with BCGold Corp. (see Proposed JV Terms )


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LGL8054 LGL8054 13 years ago
http://www.kitco.com/KitcoNewsVideo/
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doinit doinit 13 years ago
agree with that,,,lower numbers should encourage new interest is all ,,, a better deal
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LGL8054 LGL8054 13 years ago
I don't totally agree with your take on BCG, What it tells me is that they are not to interested in going into production and knowing that the price will not go up very much near term, so they are bring the option price down to bring in the option moneys. Also indicates that this company may move sideways for some time.

Management does not seem to be working with a progressive plan of action. another way of saying it is the same old thing for another year.
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doinit doinit 13 years ago
should bring lot's of attention here in the future ,,, when ???
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doinit doinit 13 years ago
that's a very good thing ... better pps
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LGL8054 LGL8054 13 years ago
BCGold Corp. has generated 27 early to mid-stage gold and copper-gold properties in British Columbia and Yukon that it will continue to advance by sourcing preferred joint venture partners.


The unknowns are.
Can BCG bring their great property into production in a timely manor?

Can they bring the talent in to go in to production and at the same time run a public company?


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LGL8054 LGL8054 13 years ago
BCGOLD CORP. OPTION AND WARRANT REPRICING

Vancouver, British Columbia, February 13, 2013 (TSX-V: BCG) – BCGold Corp. (or the “Company”) announces that the board of directors has resolved to reduce the exercise price of all of the Company’s outstanding options and warrants to $0.10 in order to more closely reflect the current trading range of the Company’s common shares. The Company received shareholder approval at its Extraordinary Meeting held on October 30, 2012 to re-price all of its outstanding options held by insiders. The re-pricing of all options and warrants remains subject to approval by the TSX Venture Exchange.
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doinit doinit 13 years ago
always waiting, we are ,, BCGOF ,,,
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LGL8054 LGL8054 13 years ago
BCG Will be going sideways to lower until they announce that will be starting production and scale it up, the stock is not supported by the public but it looks like the company or insiders are buying a minimum amount just to keep or support their price.

What about gold now?

It's still stuck in the mud, with a bias to the downside. Ditto for most other commodities. Natural resource stocks, which have been hit hard, may be very close to bottoming, and soon turning into buys. But the underlying commodities need more time before I can truly say they've bottomed and are preparing for their next leg up.

BCG has lost a lot of creditability in managing the office of a publicly traded company and the new reports to its shareholders, BCG seem to know the right property's and how to prove them. BCG has piss off shareholders with their shenanigans.

The unknowns are.
Can BCG bring their great property into production in a timely manor?

Can they bring the talent in to go in to production and at the same time run a public company? GL




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LGL8054 LGL8054 13 years ago
BCGOLD CORP. CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Vancouver, British Columbia, February 7, 2013 (TSX-V: BCG) – BCGold Corp. (or the “Company”) is pleased to announce that it has closed the final tranche of its private placement previously announced on December 5, 2012 and December 31, 2012. The Company has raised an additional $97,500 through the issuance of 1,300,000 units at a price of $0.075 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $0.10 for a period of two years expiring February 6, 2015. The Company paid finder’s fees of $7,800 and issued 104,000 finder warrants exercisable at a price of $0.10 for a period of two years expiring January 8, 2015. All securities are subject to a four month hold period expiring June 7, 2013.

Proceeds from this financing will be used for in-house scoping studies, continued metallurgical studies, and for general working capital purposes. The Company will also continue attempts to source up to $5 million in capital for continued development, bulk-sampling and on-site milling of high-grade gold material at the Company’s 100% owned Engineer Mine Property, either by way of a convertible debenture, forward gold sale, or royalty agreement.



About BCGold Corp.



BCGold Corp. (TSX-V: BCG) is focused on exploration and development of its 100%-owned historic Engineer Mine and adjoining Gold Hill properties, situated in northwestern British Columbia. Since 2007 the Company has incurred approximately $3.5 million in expenditures to demonstrate the exploration upside and near term mining potential of these properties. BCGold Corp. is unique in that it exposes investors to the prospect of discoveries while being positioned to offset exploration costs by monetizing / forward selling gold concentrate recovered from on-site processing of high-grade gold bulk samples at Engineer Mine.



BCGold Corp. has generated 27 early to mid-stage gold and copper-gold properties in British Columbia and Yukon that it will continue to advance by sourcing preferred joint venture partners.



On behalf of the Board of Directors,



Brian P. Fowler, P. Geo.

President & CEO



For further information please contact:



Marla Lede

Manager, Corporate Communications

Tel: 604-697-2403
Email: bcgir@bcgoldcorp.com
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LGL8054 LGL8054 13 years ago
BCGOLD CORP. IDENTIFIES COPPER AND GOLD SOIL ANOMALIES

ADJACENT TO MT. MILLIGAN MINE

Vancouver, British Columbia, January 17, 2013 (TSX-V:BCG) – BCGold Corp. (or the “Company”) is pleased to announce results from a mobile metal ion (MMI) soil sampling survey on its 100%-owned Rainbow property in central British Columbia. The 926 ha Rainbow property is 3 km from the new Mt. Milligan Mine, which is currently being constructed by Thompson Creek Metals Company. The Mt. Milligan Mine has proven and probable mineral reserves of 482 million tonnes grading 0.39 g/t Au and 0.20% Cu, containing 6.0 million ounces gold and 2.1 billion pounds copper.

BCGold Corp.’s orientation MMI sampling program identified a strong copper-gold soil anomaly that measures approximately 350 m by 250 m and is open to expansion in all directions. The anomaly returned a strong gold response, with values up to 56 times background values, and is associated with a stream sediment anomaly that drains a 350 m by 700 m topographic high, with no outcrop exposure.

Additionally, the MMI sampling identified two copper soil anomalies that are also associated with stream sediment anomalies. These soil anomalies returned moderate copper MMI responses of 17 times background values, but overall copper grades ranged very high from 2,482 ppb to 6,340 ppb Cu. The two copper anomalies measure 400 m by 300 m and 600 m by 300 m, respectively.

All three MMI soil anomalies warrant follow-up work and are open for expansion. The anomalies are road accessible and located within 1 km of the Mt. Milligan access road. Please refer to the Rainbow property presentation on the Company’s website at http://www.bcgoldcorp.com/all_files/rainbow-pres-150dpi-jan-2013.pdf for additional information.

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LGL8054 LGL8054 13 years ago
$540,000's say BCG is worth $.075 with warrants,
Take .015 to .02 cents off for the warrants and you have a stock worth about .055 to .06 cents and not much of a public market, what do you think?

The investors that bought the warrants will need to recover the cost of the warrants when they purchase the next stock with the warrants, so if BCG don't get in to production before its time to exercise the warrants the price may be to low and the warrants will be worth nothing.

BCG needs a plan to go into production.




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LGL8054 LGL8054 13 years ago
Great article about the reasons behind crazy price action. Apparently Instinet Canada Limited didn't get the memo about the R/S. Look at what happens with other Co.

http://seekingalpha.com/article/944691-veris-gold-yukon-nevada-gold-stupidity-at-its-finest

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80866831
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LGL8054 LGL8054 13 years ago
BCGOLD CORP. INCREASES FINANCING TO $540,000 AND ANNOUNCES CLOSING OF FIRST TRANCHE PRIVATE PLACEMENT

Vancouver, British Columbia, December 31, 2012 (TSX-V: BCG) – BCGold Corp. (or the “Company”) is pleased to announce that due to a strong response from investors, the Company has increased its non-brokered private placement financing to $540,000 from the initially targeted $350,000 as set out in its news release dated December 5, 2012. The amended financing will be completed through the issuance of up to 7,200,000 million units at a price of $0.075 per unit. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to purchase one additional common share at a price of $0.10 within two years of the date of closing. Finder’s fees payable in cash and/or securities will be paid in conjunction with this placement in accordance with the policies of the TSX Venture Exchange (the “TSXV”). This financing is subject to TSXV approval.

The Company is also pleased to announce that it has closed the first tranche of this private placement previously announced on December 5, 2012. The Company has raised $440,267 through the issuance of 4,570,234 units at a price of $0.075 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $0.10 for a period of two years expiring December 28, 2014. Two BCGold Corp. insiders subscribed for a total of 1,026,234 units in this tranche.

The Company paid finder’s fees of $16,780 and issued 176,400 finder warrants exercisable at a price of $0.10 for a period of two years expiring December 28, 2014 and 47,320 finder compensation options.

Each compensation option is comprised of one common share and one share purchase warrant, with each warrant entitling the finder to acquire a warrant share exercisable at a price of $0.10 expiring December 28, 2014. All securities are subject to a four month hold period expiring April 29, 2013.

Proceeds from this financing will be used for in-house scoping studies, continued metallurgical studies, and for general working capital purposes. The Company will also continue attempts to source up to $5 million in capital for continued development, bulk-sampling and on-site milling of high-grade gold material at the Company’s 100% owned Engineer Mine Property, either by way of a convertible debenture, forward gold sale, or royalty agreement.




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LGL8054 LGL8054 13 years ago
Where is the production?
The Company Generated 27 early to mid-stage gold and copper-gold properties. When will there be production?
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LGL8054 LGL8054 13 years ago
BCGold Corp. has generated 27 early to mid-stage gold and copper-gold properties in British Columbia and Yukon that it will continue to advance by sourcing preferred joint venture partners.



BCGold Corp. (TSX-V: BCG) is focused on exploration and development of its 100%-owned historic Engineer Mine and adjoining Gold Hill properties, situated in northwestern British Columbia

the Company has incurred approximately $3.5 million in expenditures to demonstrate the exploration upside and near term mining potential of these properties.

BCGold Corp. is unique in that it exposes investors to the prospect of discoveries while being positioned to offset exploration costs by monetizing / forward selling gold concentrate recovered from on-site processing of high-grade gold bulk samples at Engineer Mine.


**************** SHAREHOLDERS WANT TO KNOW *****************
OK, If this double talk is true then why are they not recovering GOLD from on-site processing year around and stop selling stock?


HAPPY NEW YEAR
2013 may be a good year if we don't get locked up in a repudiation camp.




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LGL8054 LGL8054 13 years ago
BCGOLD CORP. CLOSES $100,000 NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia, December 27, 2012 (TSX-V: BCG) – BCGold Corp. (or the “Company”) is pleased to announce that, further to its news release dated December 21, 2012, it has raised $100,000 through the issuance of 1,000,000 units at a price of $0.10 per unit (a “Unit”) . Each Unit consists of one flow through common share and one share purchase warrant (a “Warrant”). Each warrant entitles the holder thereof to acquire one common share at a price of $0.15 for a period of two years from the date of closing.



The Company paid finder’s fees of $8,000 and issued 80,000 broker warrants exercisable at a price of $0.10 for a period of two years expiring December 27, 2014. All securities are subject to a four month hold period expiring April 28, 2013.



Proceeds from this financing will be used to refine bulk-tonnage gold exploration targets for drill testing in 2013 at the Engineer Mine Property.

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LGL8054 LGL8054 13 years ago
I don't see the stock price going any where until they start to mine or do a 43 101 report on the Engineer Mine, I don't think that these guys are minors they are GEO's finders and pumpers and they still have to drill to find out what the really have and to do the 43 101.
From what they are PR pumping they can run the mine with one hand behind their back and be self funding, they have a small plant to get them started but need a large one to get production out. I see them bring in a partner or selling off the asset and keeping a net smelter royalty, you do know they have a 5% partner but they did say that they own 100% so I am not sure of that.

"BCGold Corp. (TSX VENTURE:BCG) is focused primarily on gold exploration and development in under-explored historic and emerging mining districts in British Columbia and Yukon. BCGold Corp. acquires and develops conceptual, early and mid-stage exploration opportunities and advances them towards resource development. Currently, institutional investors hold 21% of the Company's outstanding shares and Kinross Gold Corporation holds 5%. " with the last RS I am not sure that the institutional investors are still involved.

"Darren O'Brien, P.Geo., Vice President Exploration for BCGold Corp. and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this news release." DID YOU SEA A 43 101 REPORT YET?

But there is all kind of gold !
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66382724

"results have returned up to 979 g/tonne gold (28.6 oz/ton Au). "
If they move the small plant inside they could work all winter or they will wait until spring IMO.
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doinit doinit 13 years ago
good info in that post ,, make you wonder where this stocks pps is going
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Diogenes of Sinope Diogenes of Sinope 13 years ago
Not surprised at all--Disappointed? Yes!

Thanks!
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LGL8054 LGL8054 13 years ago
By BCG misleading investors over the last 60 days it has put their operation into question, BCG has caused investors to lose money by purchasing BCG stock and now has brought into question the reverse stock split and past news releases and the planed scoping study and not a feasibility study. NOW THE REVERSAL OF AND RESETTING OF THE STOCK PRICE IS BROUGHT INTO QUESTION.

Please read the following.
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What is a Scoping Study? What is a Feasibility Study?

A recent comment on Talk Back asked a question about scoping studies and how a scoping study differs from a feasibility study.

That is a very interesting question. This blog considers the question of scoping study versus feasibility study in the context of MAG Silver (MAG), who has recently released a scoping study, completed by Wardrop -- see Valdecañas Scoping Study Results Reviewed.
Summary Answer

The key differences between a scoping study and a feasibility study have to do with:

stage of the project -- scoping study is limited to early stage projects

usage of inferred resources -- a scoping study, with strict disclosure requirements, may use inferred resources. A feasibility study would be restricted to Proven and Probable reserves plus Measured and Indicated resources.

Given that Inferred resources have a greater uncertainly associated with them, a scoping study relying on Inferred resources in going to have a much higher degree of uncertainty associated with it than a feasibility study limited to reserves and Measured + Indicated resources would have. Perhaps, it was the uncertainty associated with Inferred resources that caused Fresnillo to release Statement re MAG Silver announcement of Valdecañas scoping study on September 14, 2009 (viewed September 2009) which states:

The Management of Fresnillo plc has concerns about a number of the assumptions on which the results of this scoping study are based. This scoping study is a hypothetical development scenario and is based on preliminary information and therefore must not be mistaken for a pre-feasibility study.

Supporting rational for caution with respect to the reliance of Inferred resources is provided by disclosure history of the Valdecañas deposit. A quick check at www.sedar.com confirms that the Mineral Resource Estimation Valdecañas Silver-Gold Project Zacatecas State, Mexico NI 43-101, July 25, 2008 report by SRK Consulting showed an Inferred resource of 7.3M tonnes with gold at 2.06 g/t, silver at 1,011 g/t, lead at 2.31% and zinc at 3.94%. The next NI 43-101 TECHNICAL REPORT ON THE MINERAL RESOURCE UPDATE FOR THE JUANICIPIO JOINT VENTURE, ZACATECAS STATE, MEXICO, April 8, 2009 report by Scott Wilson Roscoe Postle Associates Inc. reports:

At a net smelter return (NSR) cut-off of US$50/t, Indicated Mineral Resources are estimated to total 2.95 million tonnes of 879 g/t Ag, 2.22 g/t Au, 2.39% Pb, and 4.15% Zn (including the Valdecañas and the Hanging Wall veins). Inferred Mineral Resources are estimated to total 7.21 million tonnes of 458 grams g/t Ag, 1.54 g/t Au, 1.89% Pb, and 3.14% Zn (including the Valdecañas, Footwall, and Hanging Wall veins and the Stockwork zone).

Between these two reports, the 7.3M tonne with silver at 1,011 g/t changed to 2.95M tonnes at 878 g/t and 7.21M tonnes with 458 g/t. Clearly, Inferred resources are subject to substantial changes such as 50% drop in grade which would have an obvious impact on an economic analysis relying on the original grade.
Whose Definitions Applies?

Canadian securities laws are currently governed at a province level making selection of authoritative sites challenging. Which province's rules apply? For example, Ontario Security Commission states there mandate as:

We administer and enforce securities legislation in the Province of Ontario. Our mandate is to:
• Provide protection to investors from unfair, improper and fraudulent practices; and
• Foster fair and efficient capital markets and confidence in capital markets

The British Columbia Securities Commission lists their mission as:

Our mission is to protect and promote the public interest by fostering:
• A securities market that is fair and warrants public confidence
• A dynamic and competitive securities industry that provides investment opportunities and access to capital

MAG Silver is headquartered in British Columbia and MAG Silver has used the Ontario Security Commission in matters related to its joint venture partner, Fresnillo. For example, MAG Silver Provides Update on Fresnillo "Take-Under" Bid, May 8, 2009:

MAG has also asked the Ontario Securities Commission to enjoin Fresnillo from proceeding with its announced "take-under" bid if Fresnillo refuses to comply with any document production order so as to finally put an end to this take-over bid threat that has persisted for over five months.

Therefore if it is probably reasonable to rely on the Ontario Securities Commission and the British Columbia Securities Commission for definitions on scoping study, feasibility study and related disclosure requirements.
Scoping Study Definition

NATIONAL INSTRUMENT 43-101 STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS, documented viewed September 2009 at the Ontario Securities Commission web site states:

1.7 Preliminary Assessments - The term "preliminary assessment", commonly referred to as a scoping study, is defined in the Instrument. A preliminary assessment may be based on measured, indicated, or inferred mineral resources, or a combination of any of these. The CSA considers these types of economic analyses to include disclosure of forecast mine production rates that may contain capital costs to develop and sustain the mining operation, operating costs, and projected cash flows. A preliminary assessment must be either in the form of a technical report or be supported by a technical report. In some cases the technical report must be independent.

Although preliminary assessments can provide important information to the market, because of the early stage of the project the information has a high degree of uncertainty. An issuer may mislead investors if it does not disclose this information properly. Under general securities laws, an issuer must disclose a preliminary assessment that is a material change in its affairs. In so doing, an issuer may trigger a technical report u nder section 4.2(1)(j) of the Instrument. When an issuer discloses the results of a preliminary assessment, section 3.4(e) of the Instrument requires a cautionary statement. If the preliminary assessment includes inferred mineral resources, an issuer must provide the cautionary statement required by section 2.3(3)(b) of the Instrument. The purpose of these cautionary statements is to alert investors to the limitations of the information. We expect the issuer to include these cautionary statements in the same paragraph as, or immediately following, the disclosure of the preliminary assessment.

[emphasis added]

Identical wording is provided by the British Columbia Securities Commission -- see p. 4 of 15 in Companion Policy 43-101CP to National Instrument 43-101 Standards of Disclosure for Mineral Projects

The Ontario Secuirties Commission documentation, Section 2.3 states:

2.3 Prohibited Disclosure
(1) An issuer must not make any disclosure of the
(a) quantity, grade, or metal or mineral content of a deposit that has not been categorized as an inferred mineral resource, an indicated mineral resource, a measured mineral resource, a probable mineral reserve or a proven mineral reserve; or
(b) results of an economic analysis that includes inferred mineral resources.
(2) Despite paragraph (1)(a), an issuer may disclose in writing the potential quantity and grade, expressed as ranges, of a potential mineral deposit that is to be the target of further exploration if the disclosure
(a) includes a statement that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource; and
(b) states the basis on which the disclosed potential quantity and grade has been determined.
(3) Despite paragraph (1)(b), an issuer may disclose a preliminary assessment that includes inferred mineral resources if
(a) the results of the preliminary assessment are a material change or a material fact with respect to the issuer; and
(b) the disclosure
(i) includes a statement that the preliminary assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized; and
(ii) states the basis for the preliminary assessment and any qualifications and assumptions made by the qualified person.


[emphasis added]

An identical, Section 2.3, is provided by the British Columbia Securities Commission -- see p. 7 of 19 in National Instrument 43-101 Standards of Disclosure for Mineral Projects.



Feasibility Study Definition

NATIONAL INSTRUMENT 43-101 STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS, viewed September 2009 at the Ontario Securities Commission web site, states in its definition section:

"feasibility study" means a comprehensive study of a mineral deposit in which all geological, engineering, legal, operating, economic, social, environmental and other relevant factors are considered in sufficient detail that it could reasonably serve as the basis for a final decision by a financial institution to finance the development of the deposit for mineral production;

"preliminary assessment" means a study that includes an economic analysis of the potential viability of mineral resources taken at an early stage of the project prior to the completion of a preliminary feasibility study;

"preliminary feasibility study" and "pre-feasibility study" each mean a comprehensive study of the viability of a mineral project that has advanced to a stage where the mining method, in the case of underground mining, or the pit configuration, in the case of an open pit, has been established and an effective method of mineral processing has been determined, and includes a financial analysis based on reasonable assumptions of technical, engineering, legal, operating, economic, social, and environmental factors and the evaluation of other relevant factors which are sufficient for a qualified person, acting reasonably, to determine if all or part of the mineral resource may be classified as a mineral reserve;

NATIONAL INSTRUMENT 43-101 STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS, viewed September 2009 at the Ontario Securities Commission web site, in the CONTENTS OF THE TECHNICAL REPORT section lists:

Item 19: Mineral Resource and Mineral Reserve Estimates - A technical report disclosing mineral resources or mineral reserves must
...
(i) use only indicated mineral resources, measured mineral resources, probable mineral reserves and proven mineral reserves when referring to mineral resources or mineral reserves in an economic analysis that is used in a preliminary feasibility study or a feasibility study of a mineral project;
(j) if inferred mineral resources are used in an economic analysis, state the required disclosure set out in subsection 2.3(3) of the Instrument;

Use Talk Back or e-mail dennis@goldminerpulse.com to leave a comment.
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Diogenes of Sinope Diogenes of Sinope 13 years ago
LOL! I was just going to post that. Thoughts??
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