Sunshine Mine: Sterling Silver takes the keys SRLMQ.pk, MSV.v, SNS.v, HUI, XAU, SSRI, SLW, ASM.v, RVM.to, KTN.v, EPZ.v, CZX.v, CGH.to

" We still see a remote opportunity of reincarnation of Sterling Mining for its shareholders in the form of out of court arrangements with debentures issued to creditors and Minco Silver taking Sterling Mining effectively over as a subsidiary in a share exchange. By the SNS Silver price indication our take is that not a lot of people would like to be in the boat with fast guns any more."


"Sterling takes the keys



Posted: Friday, Aug 21, 2009 - 08:46:36 am PDT

By SARAH ROSE FREDLUND

Staff writer

BIG CREEK — At 12:05 p.m. Wednesday, Sterling Mining Company took possession of the Sunshine Mine from Sunshine Precious Metals, Inc.Sterling Spokesman Bob Higdem said Chief U.S. Bankruptcy Judge Terry L. Myers ordered Friday, Aug. 14, for SPMI to give the Sunshine Mine property back to Sterling. There were plans to meet with SPMI representatives on the Sunshine property at noon, he continued, but no such members arrived. Sterling representatives waited a brief period before Higdem walked on the premises and obtained keys from SPMI security personnel.
“That was short and sweet,” Joe Guardipee with Sterling said.Higdem then said that a team of security would be established while qualified experts in the field assessed the property to determine the condition of assets. “They’re former Sunshine workers who know what to look for,” he explained.February was the last time the mine was evaluated, Higdem continued, and one of the main concerns is how much groundwater has filled up the holes in the property.“We believe at the current rate it measures between nine and 14 inches per day,” he added. “We hope to have pumps going as soon as possible, but that will take time.” Higdem declined to estimate the value of the property and said this issue is still being debated between the property owners (SPMI) and the lease holders (Sterling). Prepping the mine for freezing temperatures will also need to be taken into consideration, he stated, and Sterling already has an 11-person team of knowledgeable personnel picked to work full time on assessing and preparing the property. “These are things that need to be examined,” Higdem said"

TNR Gold/International Lithium Retain Advisors on Lithium-Brine Project in Argentina TNR.v, CZX.v, FMC, SQM, ROC, WLC.v, CLQ.v, RM.v, AVL.to, RES.v,

TNR Gold TNR.v is fast charging its International lithium Corp into Lithium and REE developers rim. Exploration is ongoing on Canadian properties and in Ireland, now it is starting exploration on Mariana Lithium brine in Argentina.

TNR Gold has announced that its exploration team is already on the grounds of its Lithium and REE properties in Canada.

TNR Gold Corp Acquires More Land in NWT and Commissions 43-101 Report on Expanded Lithium & Rare Metals Project

TNR Gold Corp. Granted Eight Lithium Pegmatite Belt Licenses in Ireland/Commences Exploration Program

"Management of TNR Gold is talking about International Lithium Corp. as a Lithium and REE global exploration play, moves from Canada past producers next to Avalon Metals to Ireland and Nevada properties. Recent acquired Mariana is:
"Located 120km from nearest town Tolar Grade, Mariana is accessible year round by paved and dirt roads. The Mariana project consists of several contiguous claims over 120 km2 covering the entire salar. Historical sampling reported significant lithium, boron, and potash levels in brines and sediments within the main body of the salar. Salares, or salt lakes, contain minerals dissolved in brines and some include buried layers of evaporite minerals. Four of seven water samples collected in the shallow subsurface over approximately 3 km returned values from 188 to 283 mg/L lithium, and 423 to 698 mg/L boron. This confirms that there are some brines present with concentrations similar to those found at producing salares in North and South America."
With recent financing TNR Gold has got money for development and strategic investor on board with strong cash position, Chinese Tongling backers with deep state pockets and mining building expertise."

FMC Corp is a major in Lithium space with production from The Salar del Hombre Muerto in the same area in Argentina, following information is for your DD and conclusions:"

GEOS Mining was involved in recent resource caculation of Orocobre Limited in Argentina:

"Orocobre Limited Announces Maiden Resource Estimate at its Olaroz Lithium Potash Project in Northwest Argentina
04/29/2009
Orocobre Limited announced a maiden resource estimate at its Olaroz lithium-potash project in Jujuy province, northwest Argentina. Geos Mining of Sydney declared an inferred mineral resource of 350m kL of brine at 800g/kL lithium and 6,600g/kL potassium. This is equivalent to 1.5m tones of lithium carbonate and 4.4m tones of potash (potassium chloride) based on 5.32 tones of lithium carbonate being equivalent to 1 tone of lithium and 1.91 tones of potash being equivalent to one tone of potassium. The resource estimate extends to an average depth of 55m and is based on data collected from a 22-hole core drilling program (including six hydro geological test work monitoring bores) and brine sampling program completed between September and December 2008."

TNR Gold/International Lithium Retain Advisors on Lithium-Brine Project in Argentina
Press Release
Source: TNR Gold Corp.
On Friday August 21, 2009, 9:58 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") are pleased to announce GEOS Mining Mineral Consultants of Sydney, Australia have been contracted as advisors for the exploration and development program on TNR's 100% optioned Mariana project in Argentina. The first phase exploration and development program will commence at the end of August with planned completion in late October 2009. Upon completion of this phase of the program, a 43-101 report will be prepared enabling TNR to initiate the previously announced spin-off of International Lithium Corp.
GEOS Mining is an Australian geological consultancy company specializing in the preparation of commodity resource estimations, which are recognized by stock exchanges around the world. GEOS Mining is one of the few geological consulting companies in the world with experience in lithium resource calculations from brines.

ABOUT THE MARIANA PROJECT

The Mariana project, a lithium-boron salar, is accessible year round by paved and dirt roads located 120 kilometres west of Tolar Grande in Salta province, Argentina. Historical sampling has reported significant lithium, boron, and potash levels in brines and sediments within the main body of the salar. Salares, or salt lakes, contain minerals dissolved in brines and some include buried layers of evaporite minerals. Salares host some of the largest known lithium and boron resources in the world. Lithium can be produced from economical grade brines pumped directly from Salares without need for the costly and time consuming process of mine construction. The project consists of several contiguous mineral claims over 120 square kilometres covering the entire salar, which extends over 12 kilometres north-south and 10.5 kilometres east-west.
Mr. John Harrop is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT TNR AND ILC

TNR is a diversified metals exploration company focused on identifying and exploring existing properties and new prospective projects globally. TNR has a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://us.lrd.yahoo.com/_ylt=AuB8p7vtOg5TWd.NsERvgNetcq9_;_ylu=X3oDMTE2NjRmOGl1BHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d2ludGVy/SIG=11907bp0b/**http%3A//www.internationallithium.com/.
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.
On behalf of the board,
Gary Schellenberg, President"

Sterling Mining saga continued: Minco Silver Announces Turnover of Sunshine Mine SRLMQ.pk, MSV.v, SNS.v, HUI, XAU, SSRI, SLW, EPZ.v, KTN.v, ASM.v

" Well done Dr Cai and Judge Myer's! Does it mean that honesty is still protected? Will Minco Silver MSV.to aqcuire Sterling Mining SRLM.ob (before bankruptcy) and its shareholders will get at least something? We do not know, but guys from SNS Silver were held at the table with double Deck with this ruling and all story smells like a robbery attempt if will not be appealed."

We have an important market development yesterday: bankrupt Sterling Mining SRLMQ.pk is trading above "solvent" SNS Silver SNS.v The number of crooks involved per Oz of silver resources must be the highest in the industry, but let the judge make his way. We are positively surprised that apparent attempt to defraud Sterling Mining creditors and shareholders was so effectively stopped and now there is a chance, with Minco Silver MSV.v standing by its commitment, for Sunshine mine to shine again. We still see a remote opportunity of reincarnation of Sterling Mining for its shareholders in the form of out of court arrangements with debentures issued to creditors and Minco Silver taking Sterling Mining effectively over as a subsidiary in a share exchange. By the SNS Silver price indication our take is that not a lot of people would like to be in the boat with fast guns any more.

"The best defence is attack. Is it guys from SNS Silver caught with a double deck are pressing charges or Sunshine Precious Metals, Inc., "owner of the fabled Sunshine silver mine in northern Idaho" is trying to get themselves out of criminal charges to follow - as victims, maybe from both sides? It is a great news in any case! SNS Silver Chicago style play will be apparent to any investigation and last management of Sterling Mining have never really thought about shareholders. Any transparency will benefit the situation with the mine ownership and who and how has defrauded shareholders of Sterling Mining. We are waiting for a civil and criminal actions against all involved parties from Sterling Mining shareholders, who were apparently silent victims so far during Sunshine Mine stealing attempt. As we have mentioned before we have enough business risk in this business to have any scam messing around. It could be a show case for mining property rights, which will confirm or disillusion us about rule of law in Idaho."

Minco Silver Announces Turnover of the Sunshine Mine

Press Release
Source: Minco Silver Corporation
On Thursday August 20, 2009, 9:30 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 08/20/09) - Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV - News) is pleased to announce the turnover of the Sunshine Mine and wishes to respond to the various news releases and media statements and interviews by SNS Silver Corp. ("SNS") and Sunshine Precious Metals, Inc. ("SPMI") and provide an update on Sterling Mining Company ("Sterling"), its bankruptcy and the status of the Sunshine Mine.
Minco Silver is pleased to announce that on August 14, 2009 the United States Bankruptcy Court district of Idaho (the "Court") held that SPMI's continued occupation of the Sunshine Mine is contrary to the best interest of the Sunshine Mine and ordered the possession of the Sunshine Mine be returned to Sterling. Turnover occurred at 12:00 pm on Wednesday, August 19, 2009.
Minco Silver is please to provide the following update.
On March 3, 2009, shortly after Sterling filed its petition in bankruptcy, the Company in its efforts to support Sterling, assumed a portion of Sterling's financial obligations including but not limited to all insurance costs and obligations under the lease dated June 6, 2003 (the "Sunshine Lease"). Furthermore, Minco Silver extended to Sterling pursuant to the terms of a post petition financing agreement an additional US$1,000,000 line of credit to fund Sterling's expenses and costs associated with the Sunshine Mine (the "Post Petition Financing").
On May 15, 2009, the Court issued an interim order approving the Post Petition Financing and announced the first of two pivotal decisions paving the way for Sterling to regain the Sunshine Mine, ensuring the protection of creditors from investment loss.
On May 20, 2009, the Company announced that the Court issued the first ruling in favor of Sterling which held that the Sunshine Lease was not terminated and granted the right to cure for any defaults as determined by the Court.
On July 14, 2009, SNS abandoned the Sunshine Mine effectively turning over the mine to SPMI raising serious concerns as to the state and condition of the mine due to inadequate maintenance and the impending risk of damage from rising water.
"We are committed to the reorganization of Sterling and looking forward to work with Sterling to care and maintain the Sunshine Mine," commented by Dr. Ken Cai, Chairman and CEO of the Company.
About Minco Silver
Minco Silver Corporation (TSX:MSV - News) is a TSX listed company focusing on the acquisition and development of silver dominant projects. The Company owns 90% interest in the world class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt. For more information on Minco Silver, please visit the website at http://us.lrd.yahoo.com/_ylt=AiijIYInCVGPIqunM2FPAKOtcq9_;_ylu=X3oDMTE2cDI0bWo3BHBvcwMzBHNlYwNuZXdzQXJ0Qm9keQRzbGsDd3d3bWluY29zaWx2/SIG=10vlc5vuj/**http%3A//www.mincosilver.ca/.
ON BEHALF OF THE BOARD
Dr. Ken Z. Cai, Chairman & CEO"

US Dollar Collapse: Fraud exposed - William Black, the former liquidation director who was in charge of investigating the S&L disaster HUI, XAU

Gold is nobody's debt and nobody's obligation - it is the way to go. Otherwise there is Trust in those controlling the currency and FIAT currency is Debt from the moment of issuing. Germany was there and used its currency at one stage just to keep them warm, Zimbabwe was there and now talks about Gold backed currency.

The FIAT currency is as strong as the Trust in the government issuing it, as the Trust in the system supporting it. Watch next video - it will be a good investment:



http://www.market-ticker.org/archives/1338-Sunday-Lesson-Why-Normal-WILL-NOT-Return.html

"That's William Black, the former liquidation director who was in charge of investigating the S&L disaster.
Note that one single bank, IndyMac, lost more money than all of the S&Ls combined.
Folks, the key "take away" here is what is called "control fraud." In order for trust to be restored - that is, in order for markets to function normally, this fraud must be eradicated from the system so that normal levels of business trust can be restored.
It hasn't been.
Nobody is in the dock right now among the big banks."

Lukas Lundin Global Exploration Play: Canadian Gold Hunter and Sanu Resources Business Combination Completed CGH.to, TNR.v, LUN.to, CZX.v, FST.v,

We expect Lukas Lundin to storm the junior space back with his troops. He was out of the picture for a while and put his exploration ambitions on hold consolidating Canadian Gold Hunters CGH.to, Suramina Resources and Sanu Resources. He has grown up fast first in size of the controlled assets and status of Major League by Lundin Mining and then was hit with problems followed - he was busy saving them after the crash. But now we have a few signs of his team coming back into the junior M&A market space and we would like to speculate whether it could lead to any catalyst in juniors we are following.

He has put Fortress Minerals FST.v - Gold exploration play in Russia in a good hands of J/V with Kinross Gold and Gazprom Bank on the Russian side. Kinross Gold is already mining in the Russian Far East huge Gold Kupol deposit. By way of their progress we can tell that they know how to operate in tough environment.

Lukas Lundin looks like missing from our Lithium and REE fever: we can hardly call it an "exposure" via his holdings in Canada Zinc Metals CZX.v after investing in TNR Gold TNR.v

His Atacama Minerals is a settled producer of industrial minerals and hardly can move fast in exploration as another juniors.

"3. New Energy plays are not presented in the portfolio of Lundin Group, will Lukas add to his Uranium exposure Lithium in the near future? Will he chose to go for a building the portfolio of properties himself or will buy time in the hot sector by striking deals with other Juniors? How will it play out with our Value Web interconnections in the end?"

We can see a few potential points of presence which could lead to explosive repositioning of his new Global exploration play: across continents and across commodities.

1. Canada Zinc Metals CZX.v - his Lundin Mining has a stake around 5% in the company. Now after Tongling's investment in CZX.v Chinese hold around 13%. Lundin Mining seems to be out of the picture as a minor partner, but junior holds keys to a very prospective district in Canada and we still expect M&A plays around it with rising Zinc price. Will Canada allow to slip one of the largest Zinc and Lead deposits into the Chinese hands? We hope for a nice corporate battle around this question. Now Chinese Tongling seems to be calling the shots, but they are slow in accumulating further stake according to available filing. Our point is simple - there is still a door open to get the asset at very reasonable price even paying twice the market value now. It is relevant if you are in a Zinc business and need resources and Lundin Mining is there. We expect them at least to warm up Chinese to pay a better price.

2. Should they decide to be serious about it, suddenly old investment of Lukas Lundin - TNR Gold TNR.v could come into play. It brings Lithium and REE exposure with global scale and recent announcement of TNR Gold about confirmed move into Ireland Lithium and REE exploration give us some food for thoughts with Lundin Mining active in Ireland in J/V deals with another juniors on Zinc side.

"Further Zinc-Lead-Silver mineralisation encountered by drilling and Lundin accelerates pace of earn in

"Monday, 03 August 2009 00:00
The Board of Belmore Resources, a minerals exploration company with a focus on projects in the Republic of Ireland, is pleased to announce further encouraging drill results at its Kilbricken discovery. Additionally this project is now being accelerated with Lundin Mining Exploration Limited (“Lundin”) increasing the pace of its earn in.
Lundin, which is a wholly owned subsidiary company of Lundin Mining Corporation, has now completed its initial obligated expenditure requirement of €700,000 under its joint venture option agreement with Belmore Resources signed in February 2009. Following this initialspending Lundin has decided to continue its earn-in at an accelerated pace. Lundin has a right to earn up to a 70% interest in the Prospecting Licences that Belmore currently holds in Co. Clare. To earn the 70% Lundin needs to spend up to €14.7 million over anumber of years."

We are not sure how big is the recent holding of Lukas Lundin in Minera Andes MAI.v after Robert McEwen has taken the company over, but as we mentioned before TNR Gold TNR.v with its lawsuit holds potentially keys to Majority in partnership between Robert McEwen's Minera Andes and Xstrata.

It will be interesting to see Lukas Lundin Global Exploration Play next moves: whether he will choose to grow organically with his projects or decide to stir some waters with M&A games.

Why are we paying so much attention to all these interconnections? Junior mining business is very small in money terms, but it is even smaller in number of capable people involved and to stay in the game the most important is to reduce your risks to pure geological and metallurgical uncertainties. Go where people value their reputation more then money involved: it is not the ultimate guarantee for success, but it is an insurance from disaster.

Our Value Network and Junior Mining Economics could be seen here.

"Follow the money: we always add - Smart Money. Lukas Lundin is building his global Exploration Play. We have our Junior Mining Economics in action. We have wrote before about our expectations of Sanu Resources SNU.v to be taken out by Canadian Gold Hunters CGH.to - our list of Juniors Top Picks 2009 is getting smaller! It is time to buy assets at still distressed valuations, later with Gold over 1000 USD/oz, Silver above 15 USD/oz and Copper solidly above USD 2.0/lb will be the time to strike J/V deals and sell in the Seller's market, when everybody will be thinking: how on earth we can get this kind of valuations before. But it is the future and it is not for certain - that is why Lukas Lundin is buying again at cents per dollar in our second chance of Junior Mining Investment cycle. We follow his touch and legacy. Our other juniors from the Top Picks 2009 are in the game with bold moves into Gold, Lithium and REE."

Canadian Gold Hunter and Sanu Resources Business Combination Completed

Press Release
Source: Canadian Gold Hunter Corp., Sanu Resources Ltd.
On Thursday August 20, 2009, 7:00 pm EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Sanu Resources Ltd. (TSX VENTURE:SNU - News; "Sanu") are pleased to report that the previously announced business combination between the two companies has closed.
Sanu shareholders approved the business combination at a special meeting held on August 17, 2009, and the transaction has received all the requisite regulatory and court approvals. Sanu is now a wholly-owned subsidiary of Canadian Gold Hunter. Sanu's common shares are expected to be delisted from the TSX Venture Exchange shortly hereafter.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter acquired all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options and warrants have been exchanged for replacement options and replacement warrants of Canadian Gold Hunter based on the Exchange Ratio.
Dr. Wojtek Wodzicki, President and CEO of Canadian Gold Hunter, commented, "This transaction represents a pooling of the expertise of two well-regarded exploration companies and its resulting globally diversified portfolio provides a platform for entry into all major regions. The combined entity will move forward as a more powerful and relevant company with a significantly enhanced profile in the market place. We are excited about the opportunities ahead of us and look forward to much success and growth in the years to come."
In connection with the business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the Board of Directors of Sanu.
Canadian Gold Hunter is also pleased to announce the appointment of Mr. Michael Winn to the Company's Board of Directors.
Mr. Winn served as a director of Sanu from March 2004, until the closing of the Company's business combination with Sanu on August 20, 2009. Mr. Winn is currently President of Terrasearch Inc., a consulting company that provides investment analysis and financial services to companies operating in the oil & gas mining, and energy sectors. Prior to forming his company in 1997, Mr. Winn spent four years as an analyst for a Southern California based brokerage firm where he was responsible for the evaluation of emerging oil and gas and mining companies. Mr. Winn has worked in the oil and gas industry since 1983 and the mining industry since 1992, and is also a director of several companies operating in Canada, Latin America, Europe and Africa. Mr. Winn has completed graduate course work in accounting and finance and received a B.S. in geology from the University of Southern California.
Dr. Wodzicki commented, "We are very pleased to have Michael join Canadian Gold Hunter's Board. He brings a wealth of financial and industry expertise to the Board."
Brian Bayley, Richard Clark and Neil O'Brien have resigned from the Board of Directors of Sanu to adjust for Sanu's Canadian Gold Hunter subsidiary status.
About Canadian Gold Hunter
Canadian Gold Hunter Corp. is an international, multi-commodity exploration company with a large portfolio of gold/copper projects in Canada, Mexico and several countries in South America and Africa. Projects range from grass-roots to advanced resource-definition stage.
ON BEHALF OF THE BOARD
Wojtek Wodzicki, President and CEO"

Zimbabwe considering gold-backed currency - Gono RMK.v, TNR.v, BTT.v, GBN.v, SGC.v, CGH.to, EZP.v, ASM.v, AMM.to, FST.v, HUI, KTN.v, XAU, RVM.to

Look who is talking now. It will be a bad joke if China will diversify from US Dollars into Zimbabwean gold backed currency. With our Lithium focus do not forget that issue of US Dollar debasement is alive as ever. Is it a sign of things to come in the US after hyperinflation phase? Will Canada lead the way?

"THE EFFECTS OF HYPERINFLATION

Zimbabwe considering gold-backed currency - Gono

The country is looking for an alternative to its hyperinflation-ravaged Zimbabwean dollar that was replaced by multiple currencies in JanuaryAuthor: Nelson Banya (Reuters)Posted: Thursday , 20 Aug 2009
HARARE (Reuters) -
Zimbabwe's central bank governor Gideon Gono on Thursday proposed the introduction of a gold-backed local currency, which was destroyed by hyperinflation and replaced by multiple foreign currencies in January.
A unity government formed by rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai in a bid to end a political crisis introduced multiple foreign currencies to stop sky-rocketing inflation and revive the economy.
But Gono, a Mugabe ally whose reappointment last year has been opposed by Tsvangirai, says the shortage of foreign currencies in the country was hurting economic recovery efforts.
In an article he wrote in the state-controlled Herald newspaper, Gono urged the re-introduction of the Zimbabwe dollar to ease the liquidity crunch, but said this was not a call for "a blind return to the money printing press".
"Rather, what I am calling for is the guarded reintroduction of the Zimbabwe dollar where such a new currency will be fully backed by credible, tangible and locally available assets, such as gold, diamonds or platinum, among several other possibilities," Gono said.
Zimbabwe's inflation has tumbled from an official annual rate of 231m % in July 2008 -- which independent analysts say was understated -- to a monthly rate of 1% in July 2009 following the decision to abandon the local currency.
But the unity government, which says it needs at least $8.3 billion for reconstruction, has so far failed to attract anticipated foreign financial aid, with Western donors demanding broad economic and political reforms.
"Whilst Zimbabwe has managed to stabilise the hyperinflationary pressures that characterised 2008, the country has relapsed into a serious demand deficiency loop that is threatening to choke the productive sectors across the board," Gono said.
"As a country we had pinned our hopes on vibrant financial liquidity being injected by outsiders. This has not yet happened. Industrialists too are on the brink of relapsing into the downward spiral due to the severe demand deficiency now dangerously characterising the country's goods and services markets."
Although Gono also floated the idea of issuing domestic currency under a currency board, he expressed reluctance at the loss of monetary authority that this system would entail.
He, however, proposed an independent body to evaluate mineral reserves and recommend the amount of local currency to be issued.
"Government will establish an independent committee to ascertain and certify the quantity of gold or diamonds produced to back the issuance of local currency," Gono said.
Although Finance Minister Tendai Biti was not immediately available to comment, he has previously said the Zimbabwe dollar would not be re-introduced any time soon.
Tsvangirai, who has also ruled out the immediate return of the local unit, is at odds with Mugabe, who has backed Gono on the matter. (Editing by Andy Bruce)"

Investing in Lithium Bull - second stage alert. TNR.v, CZX.v, WLC.v, CLQ.v, RM.v, AVL.to, RES.v, LAT.v, LI.v FXI, SQM, ROC, FMC, GOOG, AAPL, RIMM

"Bull market mentality is well documented and taking its charge in stages:
First stage is when everybody oppose it or do not know about it. Just few will make fortunes being brave, bright and crazy. You need to have your right winning mix here. Crazy - because you never know for sure.
Second stage is when idea has received industry recognition. Industry insiders, their brokers, funds and managers are busy taking stakes before telling to their clients to Buy.
Third stage is when taxi driver is telling you that he is in this Hot New Thing, when your neighbour will give you a latest tip about it and your investment bank will scream Buy.
All these phases are separated by years of ups and downs with Mr Market playful nature. You will be able to recognise Third stage as well - it is when you are sure that the things could not get any wrong and you must be a real genius staying on the top. At first signs of this clinical condition start to sell gradually - this Bull will be close to its bust."

CS. We have been there we have seen this before: in Gold, in Uranium, in Moly. Nothing is wrong with a letter writer sales pitch below: for us it is an important sign that Lithium and REE market is ready to take off. Until now almost everything with Lithium on the web page was making you money and it will continue for a while, but it is time to make your homework right: we will have a roller coaster ride and you need to know what to hold, what to add on the dips and what do not even touch. If you never even called the company you are investing in, do not bother with the whole exercise - you will be burned. Hungry brokers and investors after market collapse will rush into hot very narrow money base Lithium and REE sector with micro caps and the ride could be explosive.

"Quality of projects, strong technical team and honest management with access to capital and clear focus on aggressive building of shareholders' value with first entry advantage will define the future winners."


"Now in our investment play on Green mobility we have few uncertainties less: Electric cars are all over TV and newspapers and Lithium companies are rising all together as boats with a tide. Time is to choose the companies with strong management, solid projects and industrial backing. Go for what Majors want. In Junior sector it will be M&A game after all - who will be a consolidator and be ready to pay the money to buy time."

"Investing in Lithium

These 6 Lithium Stocks Are Up an Average of 1,578%
By Brian HicksWednesday, August 19th, 2009
If you haven't noticed, there is a group of six stocks that's been on fire this year.
The best performer is up 3,233% since its December 2008 lows. Yes, you read that correctly. . . +3,233%.
Another one is up 990% in that same time. Three other stocks — all microcaps — are up 1,100%, 2,125%, and 1,999%.
The worse performer of the bunch, a large cap, is up just 21% since December.
The six stocks have just one thing in common: all produce or mine lithium.
Lithium is being touted as the next primary fuel of the 21st century. Hybrid technology and electric cars are thought to be a viable alternative. I have no idea how long it will take to fully transform the U.S. economy from a fossil-based energy complex to a renewable one, but I do know this. . . sentiment is clearly in favor of green energy.
Solar energy, wind, clean fuels, ethanol, run of river projects, and geothermal energy continue to be the hot topic in the energy sector. So if the world moves forward to battery-driven vehicles, lithium will be a high-in-demand commodity, as it is used in electric and hybrid electric car batteries.

The chart above (S.) shows the estimated future lithium consumption.

Warren Buffett Has Increased His Stake
Some of the world's top investors are swooning over one company. Warren Buffett... T.Rowe Price... even the Obama Administration.
They've all increased their stakes. And you can get in just like they did!
Click here to learn what they're so excited about and how you can profit from it.
According to a report recently published by Research and Markets entitled "Lithium-Ion and Nickel-Metal Hydride Batteries, Lithium, Rare Earth Lanthanum and the Future of Hybrid Electric Vehicles 2009-2020":
The auto industry is about to enter a new era: the electrification of cars. The move to electrified cars will have dramatic, disruptive consequences to consumers, auto makers, input suppliers, battery producers, regulators, mining companies, oil producers, electric utilities, R&D activities and investors, among others. However, from this change will come enormous opportunities, including the reduction in CO2 and global warming, less dependence on oil, more geopolitical independence, technological advancements, very large, new industries and markets, and huge profits.
The economic, regulatory and technological advantages of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs) means that dramatic growth in their adoption and usage will be seen over the next 11 years to 2020, both in the US and worldwide.
Batteries are the key technology enablers for the future of HEVs, PHEVs and EVs. Nickel-metal hydride (NiMH) batteries currently dominate the HEV market, but they soon will be replaced by lithium-ion ones.*
*Editor's emphasis During the uranium bull market between 2001 and 2007, more than 600 uranium companies either went public or switched their resource business to become a uranium play.
Six hundred companies!
And less than 10 actually mined proven uranium.
Yes, it was mania.
Even though the lithium stocks are up big in the past year, the supply of stock available to investors is severely small.
We could be witnessing the phenomenon of "too many dollars chasing too few stocks."
The lithium bull market is in its infancy. If it's similar to the uranium bull market, we could witness several years of a lithium rally.
In the coming weeks, I will be recommending lithium stocks to you.
Profitably yours,

Brian"

CNBC reports: The Great Lithium Rush TNR.v, CZX.v, ROC, FMC, SQM, RM, WLC.v, CLQ.v, AVL.to, RES.v, F, NSANY, DAI, TM, TTM, BYD, GOOG, AAPL, RIMM, HUI,

"REE market in the West was killed by China's pricing of hard rock mining and they have consolidated market after that. Now with Electric Cars and Green Mobility Revolution at our doorsteps Lithium and REE is a strategic commodity"

The push for electric car batteries could fuel another commodity boom. Insight with Seifi Ghasemi, Rockwood Holdings CEO.

Video:

http://www.cnbc.com/id/15840232?video=1219662579&play=1


More on Lithium Brines in Nevada:


Obama’s Electrification of America

"Replenishment of brines comes from surrounding Rhyolite, which are the most lithium rich in the world. Brines in the area have concentrations as high as 1000 ppm. Concentrations as low as 166 ppm have been used in lithium brine pool extraction methods." – AuthorThe following two junior companies have brine deposits in Nevada.
Rodinia Minerals Inc RM:TSX.v http://www.rodiniaminerals.com/
TNR Gold Corp TNR:TSX.v www.tnrgoldcorp.com"

"Fish Lake Valley : Lithium Brine Property
Area is famous for hosting the only Lithium Brine producing asset in the entire North America, Chemitall Silvstream property. http://www.tnrgoldcorp.com/i/pics/fish1.jpg
NEVADA, United States of AmericaLocated in Fish Lake Valley, approximately 25 miles from Clayton Valley, which contains the only lithium producer in the United States and the only lithium brine producer in North America. Clayton Valley has been in production since 1967. Lithium brine has been known in Fish Lake Valley since the middle of the last century and received attention from the US Geological Survey during the 1970's during a lithium reconnaissance program to identify exploration targets similar to Clayton Valley. Fish Lake Valley is one of the two most prospective areas identified in that study. In spite of this recommendation, the valley does not appear to have received much serious attention."

"Mud Lake Property
International Lithium Corp. ("ILC") currently holds eight main projects around the world. Nevada USA Location Twenty Placer Claims (3,200 acres) have been located within Mud Lake Basin. The claim block is situated about 10 miles southeast of Tonopah, Nevada. The basin is accessible by non-maintained roads passable by two-wheel drive vehicles. Mud Lake occupies a depression in the southern end of Ralston Valley. The basin is approximately 5 miles wide and 5 miles long and has a surface area of about 25 square miles. The playa is bounded by the Cactus Range and Monitor Hills to the east, Goldfields, Nevada to the south, Alkali Valley to the west, and Ralston Valley to the north.Geological History Mud Lake occurs in a asymmetric, undrained basin that is filled with interbedded fine-grained sediments with halite, some volcanic ash layers, and some tuffs. The brine that saturates the sediments consists of concentrated sodium chloride solution containing potassium and minor amounts of magnesium and calcium. The main source of lithium is the volcanic ash that extends across the region. The source of the lithium in the Mud Lake Basin is believed to be a hydrothermal source that was directly evolved from magma or magmatic heat. Chemical weathering and leaching of the lithium rich volcanic rocks is believed to be a secondary source of lithium in the brines of the Mud Lake basin deposit. The transport of lithium would require a hydrothermal fluid, surface water, or meteoric groundwater. The Mud Lake Basin lithium deposit occurs in the brines at depths of a few hundred meters in the valley-filled sediments and volcanic units, which include clays, sands, beds of halite and gypsum and tuffs. The near surface sediments contain variable amounts of kaolinite, illite, halite, calcite, dolomite, gypsum, quartz, feldspar, zeolite, and smectite."

Lithium - Next Big Thing: Germany wants a million electric cars by 2020 TNR.v, CZX.v, SQM, ROC, FMC, F, DAI, NSANY, TM, TTM, FXI, GOOG, RIMM, AAPL,

It is like with Internet and WWW: old Big Thing - all estimations of growth will be proven wrong, nobody knows for sure, but it is coming and coming in scale. Nobody would like to miss the opportunity on 21st century manufacturing base. Please note: as with other technological break through governments are pushing with incentives to the mass market. Question of secured supply of Lithium will not about the money, but about its availability - it is our bet on explosive growth of the sector.

"With Lithium and REE previous work was funded directly or via Majors by governments in the rush of a cold war and then properties were mostly abandoned once military needs were satisfied. Extensive data and even core from previous drilling programmes could be available on sites and it is as valuable in exploration as properties itself. REE market in the West was killed by China's pricing of hard rock mining and they have consolidated market after that. Now with Electric Cars and Green Mobility Revolution at our doorsteps Lithium and REE is a strategic commodity, when every government would like to have a certainty of supply and not to trade Oil dependence for Battery dependence. It is an opportunity to restart heavily indebted western economies and move it in the new high value added 21st century manufacturing space. "

"Germany wants a million electric cars by 2020

By Aurelia End (AFP) – 2 hours ago
BERLIN — The German government unveiled plans Wednesday to get one million electric cars zipping around the country by 2020, offering sweeteners to jump-start national giants like BMW and Volkswagen into action.
"It is the federal government's aim that by 2020, there will be a million electric cars on Germany's streets," said Berlin's "national electro-mobility plan" which was approved by the cabinet.
"In 2030, this could be over five million. By 2050, traffic in towns and cities could be predominantly without fossil fuels," the proposals added.
Berlin plans to spark development in electric cars by offering incentives for research in area such as batteries and recharging systems, as it battles to catch up with Asian firms which have zoomed ahead of their German rivals.
"We are very confident that we in Germany can provide enough of an impulse to compete with the United States and Asia," Transport Minister Wolfgang Tiefensee told reporters.
"The Japanese are strong in hybrid technology but ... the big markets in Europe, the United States and Asia are still open," he added.
He said the goal of the plan was to "bring electro-mobility as quickly as possible into everyday life."
The plan added that Berlin is "examining an incentive programme for the purchase of 100,000 electric cars," but it nevertheless drew fire from green groups.
Environmentalists had called for a subsidy of around 5,000 euros (7,050 dollars) for consumers to buy electric cars along the lines of Berlin's five-billion-euro "cash-for-clunkers" scheme to support the traditional auto industry rolled out in January.
"The government has introduced a subsidy to sell an old technology but has not put in place incentives to buy the new electric vehicles," Renate Kuenast, parliamentary group leader of the Green Party, told the Weser-Kurier regional daily.
The motorists club of Germany (VCD) was also sharply critical of the proposals. "Electric cars are not going to save the climate in the foreseeable future," the group said in a statement.
"The government says there could be a million electric cars on the road by 2020, but this is in comparison to 50 million petrol and diesel vehicles," said Werner Korn from the VCD.
However, the German Association for Information Technology, Telecommunications and New Media (BITKOM), welcomed the plans, describing them as a "milestone towards improving the sustainability of road traffic."
German luxury car maker BMW has already teamed up with auto parts maker Bosch and its Korean partner Samsung to supply lithium-ion batteries for a future electric city car.
Volkswagen hopes to turn out its first all-electric car in 2013, VW head Martin Winterkorn said in July.
Meanwhile, Daimler launched its first hybrid model earlier in June, almost 10 years after the market leader, Japan's Toyota."

LIthium market plays: BNN Report of the Day: Lithium TNR.v, CZX.v, RM.v, WLC.v, SQM, FMC, ROC, F, DAI, TM, TTM, NSANY,

BNN talks to Jon Hykawy, clean technologies and materials analyst. Byron Capital Markets.

"Byron Securities Lithium analyst Mr Hykawy quickly becomes a star in mass media hunger for hot stories in the markets.

"TORONTO, ONTARIO -- 08/05/09 -- Byron Capital Markets, a division of Byron Securities Limited, is pleased to introduce Dr. Jon Hykawy as our new Lithium Industry analyst."
Media reports are driving hot market in the sleepy summer month of vacations:
"We have a fireworks in Lithium plays recently after all mass media news on advance in Electric cars. TNR Gold TNR.v has hit a new 52 week high among others. Recent financing brought new opportunities to the company and the story is getting out."
Byron Securities has just closed financing with TNR Gold TNR.v"

TNR Gold has two lithium brine properties in Nevada.

Video:

http://watch.bnn.ca/the-close/august-2009/the-close-august-18-2009/#clip204762

TNR Gold Corp. Granted Eight Lithium Pegmatite Belt Licenses in Ireland/Commences Exploration Program TNR.v, CZX.v, LUN.to, SQM, FMC, ROC, F, BYD, TTM

CS. When Lithium and REE exploration company goes Global, international investors are to follow.

" TNR Gold Corp. (TSX-V: TNR) is a minerals exploration company actively exploring a portfolio of properties worldwide for lithium and rare metals. TNR has a strategic balance of both pegmatite and brine projects - pegmatites with the advantage of presence rare metals such as tantalum and niobium, while brines offer the low-cost large scale production of lithium carbonate that will be increasingly important. TNR has secured over 292 squared kilometres of well-known pegmatite belt in Ireland, acquired a past producing tantalum mine area in Northwest Territories never tested for other rare metals, staked USGS-tested lithium brine properties in Nevada around the only current lithium brine producer in North America, acquired 120 squared kilometres of salt lake in Argentina, Mavis Lake, and other properties!"

As we have wrote before UK takes Electric Cars and Green Mobility revolution seriously:

"Now we have a better understanding why TNR Gold TNR.v is moving into Ireland with Lithium and REE exploration licences (pending for approval) - we have a flood of news from UK on Electric cars and Green Mobility "

We have a clear pattern of TNR Gold's strategy in place: to go for a previously discovered Lithium and REE mineralisation in areas with enough geological potential to become a substantial deposit in mining friendly countries. Go for what Majors want - previous success with Copper, Gold and Silver Los Azules discovery is a good example of a property developing into a deposit worth a few corporate battles and now Mr Gold Corp Robert McEwen is involved himself.

With Lithium and REE previous work was funded directly or via Majors by governments in the rush of a cold war and then properties were mostly abandoned once military needs were satisfied. Extensive data and even core from previous drilling programmes could be available on sites and it is as valuable in exploration as properties itself. REE market in the West was killed by China's pricing of hard rock mining and they have consolidated market after that. Now with Electric Cars and Green Mobility Revolution at our doorsteps Lithium and REE is a strategic commodity, when every government would like to have a certainty of supply and not to trade Oil dependence for Battery dependence. It is an opportunity to restart heavily indebted western economies and move it in the new high value added 21st century manufacturing space. UK is very active in this area with few projects announced in Electric cars, battery making and Hybrid cars production.

Next Big Thing - industrial revolution based on green mobility, brings potentially explosive move in Lithium and REE products pricing. Cost of Lithium in the battery is 3-5% and price could move substantially before affecting supply. Welcome to the Gold market back ten-fifteen years ago - with recent Gold price close to 1000 USD/oz Majors are mining deposits considered to be a dust with Gold price at below 300 USD/oz. Lithium price has moved already from 2000 level of 2000 USD/t of Lithium carbonate to over 6000 USD/t now with electric car fever just starting to get into mass media and economies still recovering from near death experience. Now in our investment play on Green mobility we have few uncertainties less: Electric cars are all over TV and newspapers and Lithium companies are rising all together as boats with a tide. Time is to choose the companies with strong management, solid projects and industrial backing. Go for what Majors want. In Junior sector it will be M&A game after all - who will be a consolidator and be ready to pay the money to buy time. While waiting for the Googles and Ciscos to emerge time is to dive into YouTubes.

Quality of projects, strong technical team and honest management with access to capital and clear focus on aggressive building of shareholders' value with first entry advantage will define the future winners.

Do we see it in TNR Gold? Certainly our money would like us to. Company fits the market in our "Zero to 1 billion matrix" Management is charged with mission importance and striking milestones on the way to the claimed "Global Lithium and REE exploration company." Market is accepting it and industry insiders are taking stakes along with insiders of the company. Canada Zinc Metals CZX.v has found some time and money to invest in the company between dealing with Chinese Tongling and Lundin Mining on its other projects, Byron Securities - the new prophets of hot Lithium and REE story are on board as well now.

Now it is your time to work, study and be critical. Where is your YouTube? We are writing the stories in development and whether it is Roxmark Mines RMK.v, Canada Zinc Metals CZX.v or others we would like them to be successful as our journey with Tenke Mining before. We are not in the investment business of decoupling fools and their money, we value everyone as an intelligent person who can make decisions for themselves, we do not give any advice and nobody will send us a bonus as part of the bailout from your taxes. Market will decide in the end on the winners: Obama can move it - not us, and our job is to start our stories where guys like him will come later, to find a good people, share with them a few bucks and energy and wait until years of hard work will become luck. If you would like to share our stories you are welcome as usual and keep your money for your kids.

"The Blackstairs Project is located in the Leinster Pegmatite Belt in the southeast of the Republic of Ireland, approximately 80 kilometres south from Dublin. Approximately nineteen pegmatite bodies spread over a length of 30 km along the eastern edge of the Leinster granite pluton make up this belt.TNR has applied for eight licenses (totalling 292 km2), which cover the belt. This process takes from 4 to 6 months to complete before fieldwork can begin. Lithium was first located during base metal exploration in the 1970s by Irish Base Metals Limited. Since then pegmatite exploration has expanded to include tantalum although niobium, tin, cesium and even gold anomalies have also been noted. Pegmatites in the Leinster Belt show a range of rare elements associated with them. The pattern of element distribution is consistent with successive enrichment and concentric zoning seen in pegmatites and illustrated in the diagram to the left. TNR intends to use this and other geochemical zonation as guide to ore and potentially additional pegmatite discoveries. Ireland has a lengthy history of mining and has attracted a number of major mining companies. It is recognized as a mining friendly jurisdiction. Access to the Leinster Pegmatite Belt is by a good road network used by nearby farming communities. Stream sediment sampling by the Geological Survey of Ireland in 1986 - 1990 identified a number of catchment areas within the license application that have tantalum anomalies. Since 2000, focus of exploration in the southern part of the license application -- south of Aclare, has been on tantalum. Outstanding recommendations from the last phase of exploration have yet to be acted on. In 1970, 885m of drilling in the Aclare pegmatite by Irish Base Metals Limited was used to calculate a "drill indicated" reserve. Difficulties with laboratory results suggested that the estimate may be significantly low, but there appears to be no documentation of later work to resolve the issue. Stranakelly was drilled with two holes in 1974 which intersected 1.4m of 2.34% Li and 5.5m of 1.6% Li. High tantalum values from a 7m pegmatite intersection in a trench were also reported, but poorly documented. Moylisha was drilled in 1976 with five holes. The most significant result in these was 9.5m of 1.66% Li. As with other pegmatites at the northern end of the belt, lithium occurs as lepidolite. TNR intends to re-establish data from previous drilling and determine where additional step-out drilling is possible. TNR has a team of experienced geological staff ready to apply pegmatite exploration methods proven in Canada to Irish targets."

"TNR Gold Corp. Granted Eight Lithium Pegmatite Belt Licenses in Ireland/Commences Exploration Program

Press Release
Source: TNR Gold Corp.
On Monday August 17, 2009, 7:37 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2009) - TNR Gold Corp. (TSX VENTURE:TNR - News; "TNR" or the "Company") is pleased to announce the successful completion of the granting process by the Irish government for eight licences to explore the Leinster Pegmatite Belt in southeast Ireland. Ireland has a well established and mining friendly history which has attracted a number of major mining companies. The areas covered by the licences total 292 square kilometers and are located in counties Carlow and Wicklow. Access to the licenced area is by a network of good roads across a rural, farming area.

The areas can be seen on the following map - http://www.tnrgoldcorp.com/i/pdf/TNR-Ireland.pdf

The receipt of the licences initiates the Blackstairs Lithium-Tantalum Project which will focus on evaluation of the approximately nineteen pegmatites that make up the Leinster Pegmatite Belt for lithium, tantalum and related rare elements. Lithium was first located in this area during base metal exploration in the 1970s, with at least three of the pegmatites drilled. Lithium occurs as both spodumene and lepidotlite with the latter mineral found more in the northern part of the belt.
Since the lithium exploration in the 1970s attention of subsequent explorers has focused on tantalum, particularly in the southern half of the belt. In addition, anomalous values in niobium, tin and cesium have been reported.
TNR plans an exploration program to confirm earlier drilling results, systematically evaluate all the pegmatite bodies for the full suite of potential minerals, and follow-up results and recommendations from earlier reconnaissance programs. An experienced geological team sourced from Ireland and Canada will apply pegmatite exploration methods proven in Canada to re-evaluate the Leinster Pegmatite Belt in Ireland.
Mr. John Harrop is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. TNR now has a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://us.lrd.yahoo.com/_ylt=Ajs5IyEVJ_Fxspyh92WB4TOtcq9_;_ylu=X3oDMTE2NzI5M21iBHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d2ludGVy/SIG=11907bp0b/**http%3A//www.internationallithium.com/.
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.
On behalf of the board,
Gary Schellenberg, President"