Wednesday, October 31, 2007
This is called leverage to the Gold Price:
"8:35AM Newmont Mining beats by $0.47, beats on revs (NEM) 46.44 : Reports Q3 (Sep) earnings from continuing operations of $0.72 per share, $0.47 better than the Reuters Estimates consensus of $0.25; revenues rose 49.4% year/year to $1.65 bln vs the $1.41 bln consensus. Co is narrowing outlook for equity gold sales to between 5.2 and 5.4 million ounces at costs applicable to sales of between $400 and $430 per ounce for 2007. "
"APNewmont Mining 3Q Earnings Double"
New drilling results:
Avino Continues to Receive Encouraging Drill Results on Durango's Mexico Property
Friday, October 19, 2007
Growth rate slowed further to 57% Y/Y from 58% in Q2, and 63% Q1. Licencing and other revenue is still miserable 1%. Company has only one revenue stream and continue to be "a one trick pony". International revenue brought 48% and Google nicely profited from falling USD:
More on Earnings to follow.
Tuesday, October 16, 2007
1. Major shareholders Capstone Mining CS.to 22% and Lundin Mining LUN.to LMC 19%.
2. John Wright business development: Co-founder of Pan American Silver.
3. Resources 367 Moz of Silver (including all categories plus historical).
4. Fixed cost of Silver at 3.92 USD/Oz.
5. Based on 2011 production 98% discount to Silver Wheaton valuation.
Target price CAD 6.0
1. New deal on Silver Revenue Stream.
2. Existing mines resource expansion (recently announced by Lundin Mining plus 300 000 oz production from 2011 plus to recent 850 000 Oz)
Today's Capstone Mining Cozamin : Capstone Increases Resources to 8.6 Million Tonnes at the Cozamin Mine. "- The resource update yields a 47% increase in tonnage with a 51% increase in contained copper and 54% in contained silver."
3. Rising Silver price.
More on Silverstone Resources SST.v:
Analysts polled by Thomson Financial expect sales of $159 million.
Revenue was hurt by continued weakness in lead generation, which is the process of collecting contact information and potential sales leads, offset by better-than-expected results in the comparison-shopping segment."
Sunday, October 14, 2007
Saturday, October 13, 2007
You have been wrong on GOOG for the past 500 points. When are you going to give it up? Should it fall, taking a victory lap at this point should not be warranted."
Thursday, October 11, 2007
Are Google's days over? Stock has entered WaterFall zone after Baidu.com BIDU expectation was lowered at JP Morgan. Google will turn on a dime now after parabolic rise into crash.
Apparently upside of 20% from here is not worth the risk for them.
"Benjamin "bling" Ling, described as one of "Larry and Sergey's golden boys," is jumping to Facebook, reports Josh Quittner at Netly News. Ling will reportedly head the white-hot Facebook platform program, having previously succeeded with Google Checkout. Quittner says Google's stunning $600-plus stock price has backfired on the company, making it profitable for top staff to bail out now rather than waiting for more shares to vest."
"This indicates to us that we're moving towards a new center of mineralization and presents distinct possibilities for additional copper resources," Neil O'Brien, Lundin's vice-president of exploration and business development, said on a conference call.
He said zinc drilling results at the mine were exceeding the company's expectations in terms of thickness of mineralization.
"We can tell you that what we are looking at... is one of the largest known undeveloped zinc resources anywhere," he said.
Lundin Mining Reports More High Grade Drill Results From Lombador Exploration.
Copper Fox Announces It Has Earned a 70% Direct Interest in the World Class Mineral Deposit at Schaft Creek
"CALGARY, AB--(MARKET WIRE)--Oct 11, 2007 -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (CDNX:CUU.V - News) is pleased to announce that it has delivered notice to Teck Cominco Limited ("Teck Cominco") that it has surpassed the $15,000,000 threshold of qualifying expenditures in the world class mineral deposit located at Schaft Creek, British Columbia. Under the terms of the Option Agreement of the Schaft Creek Mineral Deposit ("the Option") dated January 1, 2002 between Teck Cominco and the Company, upon incurring $15 million in qualifying expenditures Copper Fox shall earn a 70% direct interest in the project from Teck Cominco. "This is the most significant milestone to date for Copper Fox," says Guillermo Salazar President and CEO of Copper Fox. Mr. Salazar goes on to say, "The Company expects to release a scoping study in October which will represent its first economic analysis on the Schaft Creek deposit. The company is fast tracking the mine plan development processes and remains on target to achieve its primary goal of completing a bankable economic feasibility report."
More on Copper Fox Metals CUU.v:
Wednesday, October 10, 2007
I am looking forward to find out how much Silver will be sold to Silverstone Resources now with Expansion plans. With this addition SST.v valuation will be even more favorable compare to Silver Wheaton SLW.
More on Silverstone Resources:
Tgt Raised To C$16.75 From C$14.60 At Paradigm >LMC "
These guys know what they are talkimg about, they were ones who followed Tenke mining and issued BUY at CAD5.0. They also participated in PP in Tenke mining at early stage.
Tuesday, October 09, 2007
Henry Blodget proposed interesting game:
If you were the owner of all Google's shares: would you keep Google or take Cash?
What would you do with your cash?
You can bet this was my response:
"I would take cash: for 110 billion I will buy All gold mining companies in HUI index, then I will buy Lundin Mining - 5.5 billion, 50 billion for Oil&gas companies in Canada, Brasil, Russia and China; for 20 billion I will become King of Junior mining sector and will buy All promising deposits in Gold/Silver/Copper/Zinc/Lead/Nickel/Uranuim and will put 10 billion to short Google over 600. I will keep 4.5 billion in mix CAD/AUD/Euro in order not to think about my investments for 25 years. In 10 years I will buy for 100 million spin off from XinHua Agency former Google just to keep my blog ranking No 1 in WEB 2.0 Bubble search"
Monday, October 08, 2007
The investment bank has increased its 2008 forecast to 760 usd per ounce from 650 usd, while they now expect bullion to average 700 usd per ounce in 2009 versus a previous forecast of 550 usd.
The potential for further weakness in the US dollar, which has recently fallen to a series of all-time lows against the euro, and the ongoing economic uncertainty stemming from the US sub-prime crisis has led UBS analysts to predict gold prices will now be stronger over the next two years than anticipated.
"The past twelve months has seen strong jewellery demand growth despite higher prices," said John Reade, UBS metals analyst. "Potential for a weaker US dollar, concerns about the credit crunch and the impressive rally have brought investors back to gold in ways not seen for years, or in the case of safe haven buying, decades."
In a presentation at Mining Journal's 20:20 Copper Day in London, Chris Welch of copper specialist analytical service, Bloomsbury Mineral Economics (BME), made a strong case for copper reaching $9,000 a tonne - $4.08 a pound - by 2009. Given that BME has a great track record on copper price predictions such a prediction should not be taken lightly!
Another interesting point which arose in Longley's presentation was the rate of copper usage per capita in the Asian sector in particular. It was pointed out that growth in Taiwan and South Korea has been very high in relation to the developed nations where the curve was lower because of the existing copper based infrastructure. But in the real growth economies like China and India, this growth pattern has hardly started yet, and should this rise to Korean or Taiwanese levels then the effect on the$ supply/demand pattern could enormous with price development which could make $9,000 copper itself a huge underestimate!"
Friday, October 05, 2007
Oct. 5 (Bloomberg) -- Lundin Mining Corp., based in Canada, will expand two mines in Portugal and Sweden to help double zinc production and boost output of lead.
Thursday, October 04, 2007
Citi is/was part of the Anti-Gold Cartel. In this report they predict $1000 gold and acknowledge that central bank sales have been used to cap the gold price. THESE GUYS ARE THE ONES WHO HAVE BEEN DOING THE SHORT SELLING ON BEHALF OF THE CENTRAL BANKS. Clearly they have broken ranks. This is an incredible development.
Together they hold $3,575bn of foreign reserves, over 65pc of the world's total. China leads with $1,340bn, but South Korea, Taiwan, Singapore, and even Thailand all built up massive holdings.
Tuesday, October 02, 2007
More on Silverstone Resources SST.v: