Cardero Resource Corp. (CDU) - It’s not only ore, it’s much more: Zahlen, Daten, Fakten und Diskussi - 500 Beiträge pro Seite (Seite 7)

[gustel66]

Antwort auf Beitrag Nr.: 43.202.990 von boersenbrieflemming am 23.05.12 19:08:30

...naja auch solche leere "was eigentlich CDU wert wäre" Aussagen hatten wir schon tausendfach. Und was ist bisher eingetroffen?
Ich glaube das kann jeder selbst beantworten.

[ixilon]

ECC

May 23, 2012
Ethos Commences Drilling on the Betty Gold Property, Yukon Territory

http://tmx.quotemedia.com/article.php?newsid=51497858&qm_sym…

[ixilon]

KOR

May 23, 2012
Corvus Gold Hits 5.4m of 16.2 g/t Gold and 1,218 g/t Silver in Yellow Jacket Feeder Zone, North Bullfrog Project, Nevada

http://tmx.quotemedia.com/article.php?newsid=51492952&qm_sym…

[away]

Jetzt sind es noch 0,56 EUR bis... Dann ist Schluss mit diesem Thread.

AWAY

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.213.237 von away am 25.05.12 21:47:12

Nun, es genügt ein Blick ins Bid, um zu sehen dass Du falsch liegst.

[ixilon]

DRI

May 25, 2012
Dorato Announces Closing of Non-Brokered Private Placement

http://tmx.quotemedia.com/article.php?newsid=51581721&qm_sym…

[boersenbrieflemming]

Coal Slides, But Long-Term Remains Bright


http://www.businessinsider.com/coal-slides-but-long-term-rem…

[ixilon]

USA heute kein Börsenhandel - 28. Mai – Memorial Day

Deutschland und Canada sind offen

[ixilon]

KOR

Corvus Gold - Corporate Presentation - May 24, 2012

http://www.corvusgold.com/investors/presentation/

[ixilon]

Jun 03 - 04, 2012

World Resource Investment Conference

Cardero Group Of Companies, CDU, BAR, KOR, ECC, TV

http://cambridgehouse.com/event/4452/exhibitors

[boersenbrieflemming]

Jennings COAL NOTES: MAY 28, 2012
COVERAGE SUMMARY
Investment Thesis
Cardero Resource Corp. (TSX-CDU) Recommendation: SPECULATIVE BUY Mkt Cap ($mm) $67.0 Previous Close: $0.73 12-Month Target: $3.00 Potential Return 311.0%
 Canadian-listed play on metallurgical coal – Metallurgical coal is a major input requirement in global steel manufacturing, with global steel demand expected to grow at a 4% CAGR through 2020. The Carbon Creek project could be producing by early 2014, with full production capacity of 2.9 million tonnes per year (mtpy) achievable by 2016. CDU also announced a 15-year terminal access agreement with Ridley Terminal from 2014- 2028, which ramps up to 0.9 mtpy by 2015 (agreement subject to RTI’s capacity expansion from 24 to 30 mtpy).
Positive PEA results – On a 75% basis, the project has a post-tax NPV of $752 million at an 8% discount rate, an IRR of 29.3% and 3-year payback from the production start. The PEA also includes an upgraded resource estimate, with a 46% increase in M&I resources to 167 mt and an 87% increase in Inferred resource to 167 mt.
Well-established metallurgical coal producing region – The Carbon Creek project is located in the Peace River Coalfield in northeast B.C. Other operators/developers in the region include Xstrata (LSE-XTA) (via its recent acquisition of First Coal), Anglo American (LSE-AAL) and Walter Energy (TSX; NYSE-WLT).
Experienced management team – Mr. Michael Hunter, the President of CDU, was also a co-founder of First Coal. CDU also recently appointed a new Chief Operating Officer, Mr. Angus Christie (ex-Anglo Coal).
Near-term catalysts
o Q2/12 – Obtaining the outstanding mining licence. o Q3/12 – Pre-feasibility study.
o Potential monetization of non-core assets.

[boersenbrieflemming]

Das interessante ist im Übrigen, dass das Kursziel von Cardero bei 3 Dollar belassen wurde, während zum Beispiel Cline deutlich (von 3 auf 1,75 Dollar) herabgestuft wurde.

[ixilon]

KOR

May 29, 2012
Corvus Gold Appoints Carl Brechtel as Chief Operating Officer and Retains Quentin Mai for Investor Relations Support

http://tmx.quotemedia.com/article.php?newsid=51618564&qm_sym…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.221.828 von ixilon am 29.05.12 16:41:52

Dann doch wieder ein Job für Quentin. Wo war er zuletzt? Abzu?

[Sstocktrader]

Antwort auf Beitrag Nr.: 43.220.891 von boersenbrieflemming am 29.05.12 13:47:12

toll !

.
.
.
.

[boersenbrieflemming]

Ich zeig Dir mal, was mich heute genervt hat:

5:44:53 T 0.71 -0.04 500 90 Barclays 99 Jitney K
15:44:44 T 0.71 -0.04 1,000 90 Barclays 99 Jitney K
14:40:01 T 0.72 -0.03 500 99 Jitney 79 CIBC K
14:40:01 T 0.72 -0.03 1,500 99 Jitney 79 CIBC KW
14:40:01 T 0.72 -0.03 500 1 Anonymous 79 CIBC KW
11:01:19 T 0.76 0.01 1,000 2 RBC 79 CIBC K
11:01:19 T 0.76 0.01 1,000 2 RBC 79 CIBC K
11:01:19 T 0.75 1,000 1 Anonymous 79 CIBC K
10:35:02 T 0.76 0.01 500 90 Barclays 1 Anonymous K
10:00:15 T 0.78 0.03 100 124 Questrade 33 Canaccord E

[Sstocktrader]

Antwort auf Beitrag Nr.: 43.224.219 von boersenbrieflemming am 30.05.12 00:14:38

Volumen ein Witz. und so bröckelt es und bröckelt es und nach dem nächsten doom day an der Börse ...

auch das 500 Mio Preisschild ist nach wie vor ein Witz ...

[Sstocktrader]

heute schon ganze 5 k gehandelt

[gustel66]

Antwort auf Beitrag Nr.: 43.228.647 von Sstocktrader am 30.05.12 19:23:51

...was fuer ein grosses Interesse an der Aktie noch herrscht....

[boersenbrieflemming]

Aus der Richtung stimmt es - ich haette jetzt gerne die Coal License und Siganle zur Finanzierung, damit die Haengepartie hier beendet ist und wir mal wieder hoehere Kurse und Volumen sehen.

China's coal demand set to rebound
China's record imports of coal in April, at 25.05 million tonnes, up 90.1% year on year, indicate rather robust trends for commodity demand, despite concerns over a slowing economy.
Author: Shivom Seth
Posted: Monday , 28 May 2012


MUMBAI (MINEWEB) -
China's demand for coking coal imports appears to be robust. The Asian major is set to import as much as 50 million tonnes of coking coal in 2012. Imports have already jumped in April, as importers have taken advantage of cheap overseas supplies.
In April, China imported 25.05 million tonnes of coal of all types (lignite included), higher by 17.1% from a month earlier, and 90.1% higher than a year ago.
Data released by the General Administration of Customs showed that imports of anthracite amounted to 3.36 million tonnes, down 11.8% month on month and dropping 10.5% year on year, while that of coking coal (at 5.09 million tonnes), thermal coal (at 7.23 million tonnes) and lignite (at 5.18 million tonnes), rose 22.9%, 35.6% and 20.2% respectively, from a month earlier.
As compared to last year, coking coal was up 59.7%, thermal coal was up 312.5% and lignite was up 140.9%, allaying fears of a slowing economy.
China's General Administration of Customs has decided to include lignite into the categories of imported coal this year, to give a better reflection of China's coal imports. That means, excluding lignite, the imports of hard coal expanded 14.56% from a month ago to 19.87 million tonnes in April.
Data indicates that these figures are still 10.25% less than the record high seen last November.
The world's largest coking coal producer, China is said to have the world's third largest coal reserves at 114 billion tonnes. The country's coal output reached 838 million tonnes during the first quarter, up 5.8% year on year, official data showed.
Though the nation's coal demand has faltered since the fourth quarter of last year as economic growth decelerated, Wang Xianzheng, chairman of the China Coal Industry Association, said at a meeting that supply and demand would continue to be roughly balanced during the second quarter.
At a Coaltrans conference in Beijing recently, industry players said they expect a 10% jump in imports from a year ago. Most of the rebound is seen coming through early fourth-quarter, as the impact of more monetary policy easing and economic rebound starts to flow through, Sun Xuefeng, manager at Sinosteel Raw Materials was quoted by agencies as saying.
China imported 44.6 million tonnes of coking coal in 2011, a 5.5% decline from a year ago, as the government's year long clampdown on the property sector hammered steel producers.
April has also seen higher imports from the Guangdong province, the economic hub in southeastern China. The area recorded a surge in coal imports during the first four months of the year, despite a slowdown in demand as impacted by a faltering domestic economy.
Guangdong imported 19.91 million tonnes of coal in the January to April period, growing 87.5% year on year, according to data recently released by the National Development and Reform Commission. The volume represents 34.23% of the province's total coal purchases during the same period.
The country is on a drive to rationalise the coal industry and develop cleaner and more advanced technology to reduce carbon emissions for the sector by spending more than $79 billion a year during its 12th Five-Year Plan period (2011-2015).


http://www.mineweb.com/mineweb/view/mineweb/en/page38?oid=15…

[boersenbrieflemming]

CDU: 0.75 CAD +0.04 +5.6% 29.7k

[boersenbrieflemming]

Neues Face Sheet ist online - das war ja einige Zeit mit einem Coming Soon belegt. Eine schöne Zusammenfassung und natürlich - wie erwartet - alleine das Carbon Creek Projekt.

ARBON CREEK METALLURGICAL COAL
DEPOSIT - HIGHLIGHTS
• Norwest Corporation completed an
independent Preliminary Economic Assessment for Cardero on Carbon Creek and has outlined
a metallurgical coal resource estimate of 166 Mt Measured & Indicated plus 167 Mt Inferred (ASTM Coal rank mvB), as of October, 2011
• Phase I port allocation secured at Ridley Terminals, Prince Rupert BC
• Chief Operating Officer hired – Mr. Angus Christie (previously Anglo Coal)
• Project Description accepted by regulatory agencies – critical 1st step in securing a mine permit
• Simple Geology - amenable to surface and underground operations
• High quality metallurgical coal products
• Regional Infrastructure (power, port & rail)
• Significant M&A activity in region
• Peace River Coal Field - Recent history of successful mine permitting in the region

http://www.cardero.com/i/pdf/CarderoFactsheet_w.pdf

[stockrush]

Danke Dir. Fact Sheet meintest Du.

Cardero is currently undertaking a pre-feasibility study to be completed Q3 2012.

Mal sehen wie sich die Märkte bis Ende des Jahres entwickeln.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.231.697 von stockrush am 31.05.12 12:31:08

Ja, Fact Sheet natuerlich. So ist das mit der iOS Rechtschreibkorrektur (iPad).

Ein User wies mich darauf hin - es gibt einen Fehler auf Seite 2, des aktuellen FS.

Best Case $170/t mit IRR 46.3% - das müssen (aus dem Kopf) $270/t sein. Da hat sich die IR vertippt.

[lale93]

Antwort auf Beitrag Nr.: 43.231.831 von boersenbrieflemming am 31.05.12 12:52:01

Märkte...

Da kommt noch ein Tag, an dem man nur die Hand aufhalten muss, und schon hat man sie voller Gratisaktien... Das ist dann der finale Explorer Sell Off.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.233.344 von lale93 am 31.05.12 17:11:10

CDU hat im Moment -gottseidank- keine finanziellen Probleme und das ist derzeit viel wert. Das wir für Kurssteigerungen aber etwas mehr als jetzt brauchen, das ist wohl allen klar.

[boersenbrieflemming]

[boersenbrieflemming]

Den Artikel fand ich nicht uninteressant. ;-)


Weak coking coal equities disguise true potential
PUBLISHED: 30 MAY 2012 00:01:00 | UPDATED: 30 MAY 2012 09:25:16

DAN HALL
Australian-listed coking coal developers and explorers have suffered their worst rout since the global financial crisis as investors flee the stockmarket amid broad global economic uncertainty.

http://www.afr.com/p/personal_finance/portfolio/weak_coking_…

[boersenbrieflemming]

Cardero Resources (CDY: 0.76, +0.05, +7.04%) is seeing its price rise on above-normal volume today, as 177,800 shares, 1.5 times the stock's average daily volume, have moved. At 75 cents, the stock price has risen 5.7%. The stock has lost momentum over the last three months, losing 38 cents (-33.6%) from $1.13 on March 6, 2012. The stock has climbed a step closer to its 50-day moving average, sitting at just 90.1% of the mark.

Read more: http://www.foxbusiness.com/markets/2012/06/01/sprott-physica…

[boersenbrieflemming]

So, ist das nun das beginnende Licht am Ende des Tunnels?

[boersenbrieflemming]

Fast hätte ich vergessen hier noch den Kurs reinzustellen - es ist schön zu sehen, wie die CDU bei dem gestrigen "Goldrausch" mitgezogen hat:

CDU: 0.79 CAD +0.07 +9.7% 140.2k
CDY: 0.7511 USD +0.0411 +5.8% 200.8k


Das macht Lust auf mehr.

[boersenbrieflemming]

Neues korrigiertes Fact Sheet:

http://www.cardero.com/i/pdf/Cardero-Factsheet.pdf

[boersenbrieflemming]

Jennings Capital:


COAL NOTES: JUNE 4, 2012
COVERAGE SUMMARY
Investment Thesis
Cardero Resource Corp. (TSX-CDU) Recommendation: SPECULATIVE BUY Mkt Cap ($mm) $73.0 Previous Close: $0.79 12-Month Target: $3.00 Potential Return 279.7%


[ixilon]

TV

Trevali Mining - Corporate Presentation - June 2012

http://www.trevaliresources.com/i/pdf/TrevaliPresentation.pd…

[boersenbrieflemming]

Die Juni-Praesentation ist online.

Projektfahrplan auf Seite 14.

http://www.cardero.com/i/pdf/ppt/Cardero-June-2012.pdf

Zudem die erste chinesische Ausgabe:

http://www.cardero.com/i/pdf/ppt/Cardero-June-2012Translated…

[boersenbrieflemming]

Trevali:

Trevali Further Expands Mineralization at Stratmat Deposit in New Brunswick
Highlights include: 9.4 Metres at 6.4% Zn, 2.9% Pb, 0.4% Cu, 81.3 g/t Ag & 1.79 g/t Au 15.26 Metres at 6.1% Zn, 3.3% Pb, 0.28% Cu, & 29.5 g/t Ag Mineralized System Now Defined Over 2.2 Kilometres Strike by 800 Metres Wide - Remains Open for Expansion


http://www.marketwatch.com/story/trevali-further-expands-min…
--

Bei der CDU sieht im Moment das Bid interessant aus.

[boersenbrieflemming]

Macht die Dicke im Moment sehr gut:


CDU: 0.83 +0.07 9.2 195.1k

An der chinesischen Präsentation wird es wohl nicht liegen.

[boersenbrieflemming]

Ask
0.88 6,500 3
0.86 4,500 1
0.85 8,500 6
0.84 10,500 7
0.83 1,000 1
Bid
0.81 5,500 4
0.80 40,000 10
0.79 6,000 4
0.78 17,500 8
0.77 6,000 5

Das ist nur eine Momentaufnahme - das Bid (Anzahl der Order) ist recht nett.

[ixilon]

BAR

June 6, 2012
Balmoral Provides Northshore Property Update

http://tmx.quotemedia.com/article.php?newsid=51840699&qm_sym…

[boersenbrieflemming]

Fast vergessen. ;-)

CDU: 0.84 +0.02 2.4% 87.3k

--

Bisher noch keine Spur von .... Sell in june or get harpooned.

[herrscher2]

Antwort auf Beitrag Nr.: 43.263.312 von boersenbrieflemming am 08.06.12 10:11:04

Morgen

Naja, ein wenig gepiekst wurden die Cardero`s ja bereits

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.263.428 von herrscher2 am 08.06.12 10:37:35

gepiekst ... das ist schoen ausgedrueckt.

[herrscher2]

Antwort auf Beitrag Nr.: 43.263.461 von boersenbrieflemming am 08.06.12 10:48:30

Wie turbulent und knochenhart das Dasein an der Börse (für Anleger und Firmen) seit geraumer Zeit ist, zeigt ein Junior Uranexplorer von mir.

Gestern kam die Nachricht, dass sie ihre Liegenschaften in Namibia nicht mehr weiter betreuen und nähren wollen (Fukushima-Schock) und einen Geschäftsmodellwechsel durchführen.

Sie kaufen in Texas Pekan-Nuss Plantagen und versuchen so ihr Überleben zu sichern....

Vom erfolgversprechenden Uranexplorer zum Nuss-Züchter - Unglaublich....

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.263.602 von herrscher2 am 08.06.12 11:24:43

Vom erfolgversprechenden Uranexplorer zum Nuss-Züchter - Unglaublich....



Bitte um eine BM, wer das ist. Da wird aber noch mehr passieren - man bekommt derzeit im Explorerbereich teilweise schon das Grauen - aber nicht ueberall. Ich will mir nicht ausmalen, was mit den vielen kleinen Brokerhaeusern passiert. Kaum Financings ... PPs.

Wer im Moment kein Geld hat, wird weiter duempeln und auch stuerzen - Cardero hat da ja noch ausreichend (siehe aktuelle Praesentation), deswegen glaube ich nicht, dass wir auf Erdnuesse umsteigen muessen.

[herrscher2]

Antwort auf Beitrag Nr.: 43.264.242 von boersenbrieflemming am 08.06.12 14:04:45

.....unterliegt nicht der Geheimhaltung.

Xemplar Energy (XE)

[herrscher2]

Ausnahmsweise OT

...................................................
Mr. Ron Mitchell reports

XEMPLAR ANNOUNCES AGREEMENT TO ACQUIRE PECAN PROPERTY AND CHANGE OF BUSINESS

Xemplar Energy Corp. has entered into a purchase agreement with two arm's-length private companies located in Texas, dated June 5, 2012, pursuant to which the company will acquire land and equipment used for the growing, harvesting, sale and exporting of pecan crops in Culberson county, Texas.

The company's current business is the exploration and development of uranium prospects in Namibia. However, the continued weak uranium market, compounded by last year's Fukushima disaster, has led management to investigate cash-generative alternative business opportunities available to the company.

Upon completion of the acquisition, the company will have two distinct business segments which will constitute a change of business under the policies of the TSX Venture Exchange, and is expected that the company will be listed under the industrial industry segment of the exchange.

The company intends to pursue growth strategies within the pecan industry by maximizing the use of the property, consisting of 3,764 acres of land, of which only 680 acres are planted with pecan trees, allowing considerable room for growth. The company also intends to introduce more efficient farming techniques to increase the yield per acre and to take an active role in distribution, trading and export sales. The property has been in production for approximately 40 years and operated by the vendors for the past 20 years................

[herrscher2]

Da ich hier auch nicht allzu schmal investiert bin hoffe ich doch, dass sie mir bei Gelegenheit einen gut gefüllten Sack Nüsse zur Kostprobe gratis zukommen lassen.....

[Rohstoffinvestor]

Antwort auf Beitrag Nr.: 43.264.316 von herrscher2 am 08.06.12 14:22:04

Da hat man ja schon Mitleid. Höchstkurs 7.1.2008 bei 8,50 CAD !!!
Auch Riesenumsätze zwischen 1 und 2 Mio in dieser Zeit !!!
Da sieht man: Auch die Masse kann irren.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.264.316 von herrscher2 am 08.06.12 14:22:04

Da wuerde ich glatt die IR einmal anschreiben - aber bitte vergesse nicht die Nusstüte dann zu verzollen. Unglaubliche Geschichte.

[boersenbrieflemming]

"The price of $225/mt applies to Anglo American's flagship German Creek brand, a premium low-volatile HCC, while premium mid-vol HCC Moranbah North was settled at $221/mt FOB, sources said."

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/768…

[boersenbrieflemming]

Peabody Shows China Is Coal's Best Recovery Bet

....

In an early May coal industry outlook reacting to a weaker than expected first quarter earnings season, Credit Suisse analyst Richard Garchitorena noted that met coal is currently the only "bullish" part of the industry. The analyst forecast that coking coal us expected to rise to over $230 a ton in the second half of 2012 from present levels hovering around $220.


http://www.thestreet.com/story/11577087/1/peabody-shows-chin…

Lesenswerter Artikel.

[derschweizer]

Antwort auf Beitrag Nr.: 43.274.979 von boersenbrieflemming am 12.06.12 15:11:32

zum bullishen ausblick passen folgende nachrichten

eisenerz läuft rund
http://www.minenportal.de/artikel.php?sid=20795#Rekordwerte-…

angestrebte verdreifachung der kohleproduktion bis 2020.
http://www.minenportal.de/artikel.php?sid=20793#Rio-Tinto-st…

[ixilon]

KOR

June 12, 2012
Corvus Gold Announces Latest Drill Results From Bulk Tonnage Oxide Deposit, North Bullfrog Project, Nevada

http://tmx.quotemedia.com/article.php?newsid=51957233&qm_sym…

[gustel66]

...was fuer riesen Umsaetze wir mal wieder haben...

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.275.874 von gustel66 am 12.06.12 18:18:18

Ja, es koennte mehr sein. Aber Haus 121 kauft.

Jennings Capital - Coal Notes vom 11. Juni 2012:

Cardero Resource Corp. (TSX-CDU) Recommendation: SPECULATIVE BUY Mkt Cap ($mm) $75.0 Previous Close: $0.82 12-Month Target: $3.00 Potential Return 265.9%

Waehrend sie andere Coal-Plays (CMK) herabgestuft haben, bleibt Cardero bei 3 USD. aber im Moment ist es eh eine etwas uhige Zeit.

[ixilon]

KOR

12.06.2012 | 15:02 Uhr | Rohstoff-Welt.de
Corvus Gold Inc. meldet Bohrergebnisse von dem North-Bullfrog-Projekt

http://www.rohstoff-welt.de/news/artikel.php?sid=36868#Corvu…

[schnitzale]

Ich bin mal raus hier, mir fehlt angesichts des aktuellen Umfeldes hier das Potential. Ich werde mal ein paar Euros zur Seite legen, um ev. andersweitig günstig einsteigen zu können.

[boersenbrieflemming]

Mal sehen, wann die Hängepartie beendet ist. ;-)

[boersenbrieflemming]

Landete gerade in meiner Mailbox.

Balmoral Reports More High Grade Results From Martiniere West; Initiates Summer Drill Program ...

http://www.marketwatch.com/story/balmoral-reports-more-high-…

[boersenbrieflemming]

Es ist ja meine beiderseitige Hoffnung, dass CDU sich 2013/14 zu guten Konditionen von dieser Beteiligung trennen kann.

"Trevali Receives Positive Metallurgical Results From Initial Halfmile Mill Run
Excellent Flotation Characteristics and Good Recoveries Produce Quality Concentrates - Optimal Precious Metal Reporting - Further Optimization Anticipated"


http://www.marketwatch.com/story/trevali-receives-positive-m…

[boersenbrieflemming]

So kann man es natürlich auch sehen.

"Anglo American: Met Coal Pricing More Focused On Supplies Than Demand

... Mr. Elliot said analysts are forecasting a hard coking coal price of about $225 a ton in the fourth quarter. He said that U.S. miners are filling the supply gap left by Australian miners but he expects Australian miners will boost production in the future ..."

Read more: http://www.foxbusiness.com/news/2012/06/14/anglo-american-me…


Cardero hat den Fokus auf met coal und nicht die thermal coal (das wird ja leider von den WO-Profis immer verwechselt) ... nun wäre mal langsam eine erste Bewegung von Angus Christie schön ;-)

[boersenbrieflemming]

Hard coking coal to lift Anglo American growth
BY: ALEX MACDONALD From: The Australian June 15, 2012 12:00AM


GLOBALLY diversified miner Anglo American plans to invest heavily in hard coking coal in Canada and Australia to deliver a compounded annual growth rate of 12 per cent between 2010 and 2020 in terms of production capacity, higher than its peers, the company says. ...

http://www.theaustralian.com.au/business/mining-energy/hard-…

[Stefan0310]

Antwort auf Beitrag Nr.: 43.277.263 von schnitzale am 13.06.12 06:59:11

Du verkaufst CDU am Tiefstpunkt und generierst damit Cash in einer Währung die nur noch einen Schritt vorm Abgrund steht. Bei dem Timing könnte man fast vermuten, dass Du zum CDU Management gehörst.

Stefan

[Kraxler]

Quelle: http://www.reuters.com/article/2012/06/15/idUS107829+15-Jun-…

Cardero Receives Positive Drill Results, Sheini Hills Iron Project, Ghana; Update on Sheini Exploration Program; Termination of LO
* Reuters is not responsible for the content in this press release.
Fri Jun 15, 2012 8:00am EDT


VANCOUVER, BRITISH COLUMBIA, Jun 15 (MARKET WIRE) --
Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE
MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) announces receipt of initial drill
results from Phase I drilling at the Company's Sheini Hills Iron Project,
Ghana ("Sheini").

Drillholes 1 to 7 all intersected thick iron mineralization, with
individual ironstone horizons up to 53 metres in thickness. The best
intersection to date is 30.2 metres grading 45.6% iron and the weighted
average grade from all drillholes to date is 36.2%. Ironstone composition
is haematite-dominated with a negligible magnetite component.

A total of 30 drillholes have been completed to date (Figure 1 - Location
Map: http://media3.marketwire.com/docs/cdu615_F1.pdf), and results have
been received for the first 7 drillholes only (Table 1, Figure 2, Section
1007170). Drilling completed to the north of this section has intersected
thicker iron mineralization, with individual intersections of 125 metres
thickness from surface.


From To thickness Iron Grade
Drillhole (m) (m) (m) (%)
----------------------------------------------------------------
SCD-001 0.0 4 4.0 33.0
and 25.0 59.6 34.6 39.4
SCD002 30.0 66.55 36.6 35.0
SCD003 118.0 141.75 23.8 32.5
----------------------------------------------------------------
SCD004 0.0 3.8 3.8 43.1
and 104.4 126.4 22.0 32.4
and 173.0 206.6 33.6 36.5
SCD005 54.3 84.7 30.4 29.9
SCD006 7.6 45.6 38.0 35.7
----------------------------------------------------------------
SCD007 0.0 9.9 9.9 36.2
and 117.1 147.3 30.2 45.6
----------------------------------------------------------------
Weighted average grade 36.2

Table 1: Results from Initial Sheini Drillholes
(Reported drill intercepts are not true widths. At this time,
there is insufficient data with respect to the shape of the
mineralization to calculate its true orientation in space).


EXPLORATION PROGRAM DETAILS

Phase I exploration at Sheini is targeting two main types of
haematite-dominated iron deposits:


- outcropping haematite ironstones - hard-rock ironstone outcropping on
ridges; and
- surface haematite ferricretes - recent deposits, peripheral to the
ironstone ridges


Cardero is undertaking a large multi-faceted exploration program with the
aim of calculating an initial resource estimate for part of the Sheini
deposit. The Sheini prospecting licences comprise a total strike length
of approximately 50km, measured from north to south. The current work
program is outlined below:

Airborne Geophysics. A 3,500 line kilometre airborne geophysical survey
has been completed and delivery of a final dataset is expected in the
coming weeks. On receipt, Cardero's consulting geophysicist will complete
extensive interpretation and modelling aimed at identification of any
potential direct shipping ore ("DSO").

Mapping. Detailed mapping is ongoing aimed at definition of ironstone and
iron grade between wide-spaced drill sections.

Diamond Drilling. Diamond drilling is focussed on in situ haematite
ironstone ridges over a strike length of 9 kilometres. The ironstone
ridges expose ironstones on dip slopes providing potential for very low
strip ratios. The ironstones are locally folded (Figure 2:
http://media3.marketwire.com/docs/cdu615_F2.pdf) providing locally very
thick ironstone intersections in excess of 100m. At total phase I diamond
drill program of 10,000m is planned, of which 4,500m (30 holes) has been
drilled to date. Detailed drill sections are located 1,600 metres apart,
with infill drill sections at 800 metres apart. On section lines,
drillholes are spaced approximately 100 metres apart. The Company
believes that this drill spacing should be sufficient to provide an
inferred resource calculation.

Reverse Circulation Drilling. Reverse Circulation drilling is focussed on
peripheral surface ferriciretes (recent haematite-cemented ironstone
scree) which occur at surface on the surrounding plains and have been
drilled to 19 metres thickness to date. The ferricrete drilling program
is reverse circulation drilling, will be up to 7,500m and has just begun.
Ferricretes are extensive in the areas peripheral to the ironstone
ridges.

Geotechnical. The drill program is aimed at resource definition, rather
than exploration, and the collection of detailed geotechnical and
engineering data is an integral part of the program.

Metallurgical Testing. Planned metallurgical testing will look at the
potential upgrade of ironstones and ferricretes to potentially saleable
iron ore products. Since all mineralization is haematite and not
magnetite, beneficiation will focus on crushing, grinding and gravity
separation. High-intensity magnetic separation may be required for final
processing.

Resource Estimate. SRK Consulting has been retained to complete an
initial resource estimate. Completion is anticipated to be Q4 2012.

TERMINATION OF LETTER OF INTENT WITH TMT

The Company also announces that it has been advised by its subsidiary,
Cardero Iron Ore (BVI) Ltd. (the "Vendor") that on June 14, 2012 the
Vendor and T.M.T. Resources Inc. ("TMT") mutually agreed to terminate the
Letter of Intent dated April 20, 2012 between the Vendor and TMT with
respect to the sale by the Vendor to TMT of Cardero Iron Ore Ghana (BVI)
Ltd., the parent of Cardero Ghana Ltd. which was previously disclosed in
Cardero's news release of April 30, 2012.

QUALIFIED PERSON

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a
qualified person as defined by National Instrument 43-101, has reviewed
the scientific and technical information that forms the basis for
portions of this news release, and has approved the disclosure herein.
Mr. Henderson is not independent of the Company, as he is an officer and
shareholder.

QA/QC

The work program at Sheini is supervised by Christopher White (Cardero
Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who
together are responsible for all aspects of the work, including the
quality control/quality assurance program. On-site personnel at the
project rigorously collect and track samples which are then security
sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample
preparation, and onward to OMAC Laboratories (an ALS Group company),
Ireland, for analysis. OMAC's quality system complies with the
requirements for the International Standards ISO 9001:2000 and ISO 17025:
1999. Analytical accuracy and precision are monitored by the analysis of
reagent blanks, reference material and replicate samples. Quality control
was further assured by the use of international and in-house standards.
Blind certified reference material was inserted at regular intervals into
the sample sequence in order to independently assess analytical accuracy.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto
Stock Exchange (symbol CDU), the NYSE-Amex (symbol CDY) and the Frankfurt
Stock Exchange (symbol CR5). For further details on the Company readers
are referred to the Company's web site (www.cardero.com), Canadian
regulatory filings on SEDAR at www.sedar.com and United States regulatory
filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of CARDERO RESOURCE CORP.

Michael Hunter, CEO and President

[Kraxler]

Termination LOI?

Drill Programm?

Was läuft bei CDU wirklich ab?

Irgendwie gibt es keine klare Linie "mehr" (hat's eigentlich nie gegeben)

[Stefan0310]

Antwort auf Beitrag Nr.: 43.287.882 von Kraxler am 15.06.12 14:28:14

Da TMT ja nur eine leere Hülle ist, die mit Geld gefüllt werden müsste um dem LOI Taten folgen zu lassen hat sich offenbar kein Geldgeber gefunden, der CDU die Explorationsausgaben von Sheini erstatten möchte.

Jetzt geben wir also noch Geld für ein Resource estimate aus, was uns bis Jahresende (also next year or so) bestätigt was für einen tollen Riesenshaker wir da an Land gezogen haben. Vielleicht wissen wir bis dahin auch ob Vertragspartner Emmaland überhaupt der rechtmäßige Eigentümer ist.

Stefan

[boersenbrieflemming]

MD&A und Financial Statement sind draussen.

SSEDAR Interim Financial Statements
Ticker Symbol: C:CDU

SEDAR Interim Financial Statements

Cardero Resource Corp (C:CDU)
Shares Issued 91,777,454
Last Close 6/14/2012 $0.80
Friday June 15 2012 - SEDAR Interim Financial Statements

This filing is available at:

http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx…


SEDAR MD & A
Ticker Symbol: C:CDU

SEDAR MD & A

Cardero Resource Corp (C:CDU)
Shares Issued 91,777,454
Last Close 6/14/2012 $0.80
Friday June 15 2012 - SEDAR MD & A

This filing is available at:

http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.287.882 von Kraxler am 15.06.12 14:28:14

Dann haben sie vielleicht einen anderen Interessenten (oder Probleme die Kohle zu bekommen).

[boersenbrieflemming]

.85 +0.05 6.3 211.3

Kurs nimmt Fahrt auf. ;-)

[wasn]

jubel

[boersenbrieflemming]

Mal sehen, was mit Sheini passiert.

[boersenbrieflemming]

CDU: 0.81 CAD +0.01 +1.3% 295.6k
CDY: 0.82 USD +0.0201 +2.5 % 56.5k
--

Schöne BE. Der LOI zu Sheini wurde ohne Not gekündigt und hätte ohne Probleme noch 4-6 Monate weiterlaufen können, keinen hätte es interessiert. Für mich ein Signal, dass da mehr kommen könnte. Aber das ist alles Spekulation, die Antwort geben dann Fakten und Markt. ;-)

[boersenbrieflemming]

Im Bid ist aktuell zumindest etwas.

T:CDU 09:00:10
Price Size Orders
Ask
0.89 2,500 1
0.88 9,000 1
0.87 1,000 1
0.85 5,000 1
0.84 500 1
Bid
0.80 50,000 1
0.78 500 1
0.77 4,000 1
0.75 14,000 2
0.72 500 1

Darauf bin ich ja gespannt:

Drilling completed to the north of this section has intersected thicker iron mineralization, with individual intersections of 125 metres thickness from surface. ;-)

[boersenbrieflemming]

Ein paar Auffaelligkeiten ...

CHINA APPROVES $23 BILLION IN STEEL PROJECTS

China’s main planning agency has approved $36 billion in new projects, of which 65 percent are in the steel industry, worth the equivalent of $23 billion. The Baosteel Group, China’s third-biggest mill by output, and Wuhan Iron, the fourth- largest, have won approval to build $21 billion in new steel plants. China’s top planning authority had delayed Baosteel and Wuhan’s mills in 2009, citing industry overcapacity. Baosteel’s project in Zhanjiang port, Guangdong province, will increase its production capacity by 2.3 percent to approximately 53 million tons. The Wuhan mill in Fangchenggang port, in China’s southwestern region, will add 8.5 million tons of annual capacity, or 22 percent. The plants will not only supply steel to south China but also cover the markets of southeast Asia. (bloomberg)

---

CHINA STEEL PRODUCTION STILL NEAR RECORD

Chinese Government data released on Monday showed China's crude steel output rose 2.5% from a year earlier, to 61.234 million tonnes in May. That was also up from 60.575 million tonnes in April. In terms of daily output, the industry group China Iron and Steel Association said on Friday, that the pace had slowed to an average 1.96 million tonnes over the May 21-31 period, down nearly 4% from the previous 10 days and from a record daily run of 2.045 million tonnes in early May. China's strong steel output has sustained its demand for iron ore, with China importing 63.84 million tonnes in May, up 10.7 percent from April. (reuters)

---

IRON ORE STOCKPILES AT CHINESE PORTS REACH ALL-TIME HIGH

Iron ore stockpiles at Chinese ports last week reached an all-time high of around 120 million tons. While higher inventories generally point to slower downstream demand, stock levels surveyed in a sample of 50 smaller mills over the last two weeks have remained around 29.9 days-of-use, compared to ~20-28 days’ worth of stocks last year. Bouts of high port inventories don’t always tell the story of a slowdown that’s here to stay. China’s steel mills have been known to pause buying as a collective tactic to secure cheaper ore prices. (WSJ)

[boersenbrieflemming]

Cardero receives coal licences for Carbon Creek

Cardero Resource Corp (C:CDU)
Shares Issued 91,777,454
Last Close 6/18/2012 $0.78
Tuesday June 19 2012 - News Release

Mr. Michael Hunter reports

CARDERO ANNOUNCES COAL LICENCES FOR CARBON CREEK METALLURGICAL COAL DEPOSIT

Coal tenure application 414152, which covers a significant portion of Cardero Resource Corp.'s Carbon Creek metallurgical coal property, has been processed by the British Columbia Ministry of Energy and Mines, resulting in the issuance of four coal licenses: 418174, 418175, 418176 and 418177. These coal licenses cover an area of 3,680 hectares that is contiguous to the 10 Crown Granted District Lots leased by the Company (2,600 Ha), which area collectively contains a NI 43-101 measured and indicated resource of 166.7 million tonnes of metallurgical grade coal.

Permits for drilling are expected in advance of the proposed resource definition drill program, scheduled to commence in July 2012. The program will complete collection of all engineering and geological information in support of a Feasibility Study. In addition to the drilling component, the program will include analysis of coal quality necessary to finalize coal product specification to ultimately secure off-take agreement(s). Environmental base line work, which is an essential component of securing a permit to operate a mine, is ongoing and will address all requirements outlined in the Company's Project Description, which was approved by the BC Environmental Assessment Office last month (NR12-11, May 9, 2012).

About Carbon Creek

The Carbon Creek deposit is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current (October 1, 2011) resource estimate of 166.7 million tonnes of measured and indicated, with an additional 167.1 million tonnes of inferred, ASTM Coal Rank mvB coal. The Company released results of an independent PEA, including an updated resource estimate) in December 2011, which estimates a post-tax, undiscounted cash flow of $3.1 billion (on a 75% basis). The PEA contemplates production of 2.9 million tonnes of saleable metallurgical coal products per annum (NR11-20, December 12, 2011).

The Company cautions that the PEA is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA is based on the current (as at October 1, 2011) Carbon Creek estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.

We seek Safe Harbor.

© 2012 Canjex Publishing Ltd.

--

Mir faellt da ein Stein vom Herzen ...

[Sugar2000]

sollte es das erste erfolgreiche projekt werden???
Traue mich nicht mehr nachzukaufen :-(

[Sugar2000]

schon ein paar Tage her, aber interessant...


20:58 10May12 -Canadian Coal Moles: Jerome Hass and Jimmy Chu

Source: Brian Sylvester of The Energy Report http://www.theenergyreport.com
(5/10/12)
http://www.theenergyreport.com/pub/na/13331
For low-risk returns, Lightwater Partners' Fund Managers Jerome Hass
and Jimmy Chu look seaward. Bulk commodities like metallurgical coal,
they explain, offer greater stability because a small number of major
buyers determine pricing, while shipping logistics provide a yardstick
to determine a project's economics. In this exclusive interview with The
Energy Report, Hass and Chu talk about how international supply is shifting
and which junior stocks may experience a jump in a steady-as-she-goes
market.


The Energy Report: To get started, what differentiates Lightwater Partners
from other hedge funds?

Jerome Hass: Canadian hedge funds tend to be high-risk/high-return strategies
primarily focused in the resource space. We focus on risk-adjusted returns,
as opposed to trying to hit homeruns with individual stocks. As a consequence,
we concentrate on the mid-cap space. That's our investment sweet spot,
rather than the small- or micro-cap names. And we have the in-house research
capability to explore names that are not well covered by the street.

TER: What energy resources best fit your investment strategy?

JH: Generally, we favor the bulk commodity producers. That's not limited
to metallurgical coal or thermal coal; we also look at iron ore, potash
and any other bulk commodities. We like bulk products because of the industry
structure. For example, with base metals, everyone is a price taker; no
single buyer has much price influence. With bulk commodities, major players
and global oligopolies have price influence.

TER: How does metallurgical or "met" coal fit into this desirable bulk
category?

JH: Met coal is an integral requirement for all steel mills that use
blast furnaces. It is baked to form coke, which fuels the blast furnaces.
Arc steel mills use recycled steel as fuel, but there's really no substitute
for met coal in the global space. Most met coal is open-pit mined; moving
it is all about logistics as the cost of shipping is a major factor.

"Junior players in the metallurgical coal mining space are a relatively
new development. They give more torque to the industry." Jerome Hass

TER: Is the met coal space dominated by established energy companies,
or is there room for junior mining firms in that?

JH: Met coal mining has been dominated by major producers and integrated
steel producers, including BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK)
http://www.theenergyreport.com/pub/co/172 , Rio Tinto (RIO:NYSE; RIO:ASX)
http://www.theenergyreport.com/pub/co/184 , Xstrata Plc (XTA:LSE) http://www.theaureport.com/pub/co/576
and Kumba Iron Ore Ltd. (KUMBA:JSE) http://www.theenergyreport.com/pub/co/5065
in Africa. We focus on coal that is not vertically integrated, which
is internationally exported or traded.

Junior players in this space are a relatively new development. They
give more torque to the industry. Juniors have much lower valuations and
much higher growth profiles. There are some junior met coal pure plays;
in fact, there are very few listed large-cap met coal plays globally.
The one exception to that is Walter Energy Inc. (WLT:NYSE) http://www.theenergyreport.com/pub/co/3467
, which is listed in the U.S. and in Canada.

TER: How is international supply and demand for met coal playing out?

JH: The story is China. Over the last 15 years, growth in met coal has
been a function of China's demand, which relates to China's growing importance,
or dominance, even, in the global steelmaking industry. Seaborne met coal
and iron ore were most in demand. Largely because of geographical proximity,
Australia has been China's major coal supplier. This has resulted in a
displacement of supply for Europe that Canadian producers can replace.
India is also increasingly aggressive in the steel space. Its demand for
met coal and iron ore continues to increase.

TER: Is there a danger of an oversupply of met coal? If so, how would
that affect market prices?

Jimmy Chu: I don't think there's a danger of oversupply. Supplies have,
at times, been constrained by weather and labor issues out of Australia,
and we've noticed that some customers are asking companies for an advance
on shipments. As for demand, China is producing steel at an annual run
rate much higher than what the market anticipated a month ago. In the
intermediate term, we don't see an oversupply in met coal, and the demand
side looks good. In the longer term, it comes down to the big players,
China and India. But we feel very bullish on long-term demand for met
coal.

JH: One reason we like the bulk commodities relates to industry discipline.
Large players with pricing influence can effectively manage the supply
of met coal to a degree that's not possible in base metals or in gold.
The majors have proven to be rational competitors and players in the marketplace.


Let's look at Potash Corp. (POT:TSX; POT:NYSE) http://www.theenergyreport.com/pub/co/2187
, which has long exhibited price leadership in the industry. It has announced
production cuts in order to manage price. With a 100-year reserve life,
it is the Saudi Arabia of potash. If it wanted to restrict supply, it
could push that price up, as it did in 2008, but it has generally been
a very rational market player.

Other players that have followed suit with Potash Corp. are The Mosaic
Company (MOS:NYSE) http://www.theenergyreport.com/pub/co/3281 and Agrium
Inc. (AGU:NYSE; AGU:TSX) http://www.theenergyreport.com/pub/co/2674 .
One of the reasons that potash is attractive is that there is effective
supply management. We think the same industry conditions exist in iron
ore and met coal.

TER: What about met coal operations in Canada? Do you have interests
there?

JC: Our preferred play is a small cap called Cardero Resources Corp.
(CDU:TSX; CDY:NYSE.A; CR5:FSE) http://www.theaureport.com/pub/co/648 . We like Cardero because it will send its coal into the seaborne market Asia,
in particular. It holds the Carbon Creek Project in the Peace River region
in British Columbia, which is one of the last remaining regional coal
deposits not controlled by a major company and it has an experienced management
team. The president and co-founder, Michael Hunter, was a co-founder of
First Coal, which was sold to Xstrata Plc for $147 million ($147M) despite
permitting issues, which shouldn't affect the Carbon Creek Project. That
implies a value on Cardero's shares of about CA$2.15. We do not see Cardero
encountering the same permitting issues as First Coal did.
JH: Peace River coal is attractive because it's very high quality. Steel
mills typically blend coal. Currently, Teck Resources Ltd. (TCK:NYSE;
TCK.A:TSX) http://www.theenergyreport.com/pub/co/543 is the market leader
for coal in western Canada. Its met coal attracts a premium price. Consequently,
the Chinese and Japanese and other Asian buyers are excited about the
prospect of having another supplier in the market. I believe someone will
either sign an offtake agreement or a joint venture deal with Cardero
in the near future because, as Jimmy mentioned, there are very few independents
left in western Canada.

TER: How does the geology of Carbon Creek impact development and operation
costs?

JC: The coal seams are wide and canoe shaped. The dips are very shallow,
ranging from 0 15 degrees to a maximum of about 30 degrees. This beneficial
configuration reduces mining costs.

JH: It's a relatively flat and slightly sloping ore body, but there
is a caveat. Walter Energy Inc. and Grande Cache Coal Corp. (now owned
by Winsway Coking Coal Holdings Ltd. (01733:SEHK) http://www.theenergyreport.com/pub/co/5066
and Marubeni Group) have both had quite a few problems mining coal in
the area. Management tends to be dismissive of the complexity of any project.
An investor has to bear in mind that there are always going to be a few
developmental wrinkles.

TER: Is the Carbon Creek product "clean" coal?

JH: All of the met coal produced in the Peace River basin can be characterized
as clean coal because it has low sulfur content. The concept of clean
coal is more related to thermal coal than to met coal. Thermal coal is
burned in electric power plants. High sulfur content produces a lot of
acid rain. It is a bonus for met coal to have lower sulfur content, but
it's really not that critical in terms of the characteristics of Peace
River coal.

TER: What are the pluses and minuses of transportation and other infrastructure
considerations at Carbon Creek?

JC: Carbon Creek is in a well-established coal-producing region. Other
developers or operators in the region include Anglo American Plc (AAUK:NASDAQ)
http://www.theenergyreport.com/pub/co/544 , Xstrata and Walter Energy.
There is good road infrastructure, constructed by the local forestry operators.
The CN rail line passes 50 kilometers south of the property, providing
access to the ports of Vancouver and Ridley terminals. It's all about
getting coal from Peace River which is about 1,200 kilometers from the
coast to port for shipping to Asia. The economics of met coal are determined
by logistics.

TER: What is Walter Energy doing at the Peace River coal field?

JH: In the summer of 2011, Walter bought one of the larger TSX-listed
pure coal companies, Western Coal, a producer in the Peace River basin.
Western is a major producer of PCI or pulverized coal injection. Steel
manufacturers started using PCI in blast furnaces due to the declining
supply and high prices of coke, which is produced from met coal. Steelmakers
inject pulverized coal into a blast furnace to conserve their met coal
resources.

TER: Walter Energy also has projects in Alabama. How does that affect
the value of its stock?

JH: Most of Walter's mines are in Alabama. What we like about Walter
is that it's a large liquid pure play on met coal. We don't think Walter
is going to be independent for very long. It's very attractive to the
global resource majors. A takeout bid potential from Anglo American has
long been rumored. But Walter has gone through some production problems
with its recently acquired Western Coal operations, as well as at some
of its Alabama mines. There have been a few production hiccups in the
last two quarters, but management indicates that it has righted those
problems.

TER: Are those operational issues behind the fall in Walter's stock
price during the last year?

JH: That's been one of the major reasons. The other is that they did
spend a fair amount of money to buy Western Coal. It's partially just
a reflection of declining valuations of coal names in general.

TER: Let's back track to Cardero for a second because they have an operation
in Ghana. How does that factor into the value of Cardero?

JH: We are not assigning any value to the Guyana project at this point.
Cardero has announced a deal to spin off their Guyanese assets. Cardero
is operationally focused on the Peace River met coal. Investors would
much rather see a pure play there.

Cardero also has an investment in Trevali Mining Corp. (TV:TSX; TREVF:OTCQX)
http://www.theaureport.com/pub/co/2690 , which is a zinc producer. There's
a fair amount of the value captured by the implicit value of the listed
shares of Trevali. Eventually, Cardero will sell this stake as well.
TER: What is your strategy regarding hedging met coal?

JH: It's very tricky to hedge, because the spot market is minute relative
to the contracted market. Plus, intelligence on the spot market is very
murky. So, when it comes to hedging, there is not really a futures market.
You don't have an index you can use. But if we wanted to hedge our position
on Walter, we would short it against another coal-listed name, such as
Teck Resources in Canada. We use Teck because it's primarily a met coal
play, although it does have some copper and zinc exposure. However, the
share class structure of Teck would prohibit a hostile takeover bid for
the company. For that reason, it's attractive as a hedge for our position
in Walter. When you short junior names in the marketplace, there's always
a risk that they will be bought out. That's one of the limiting factors
in mitigating our risk position.

TER: What other commodities do you invest in?

JH: We invest in anything we think we can make money on uranium, for
example. That sector was beaten up very badly in the wake of the Fukushima
nuclear disaster in 2011 a very rough year for uranium names. But, the
reality is that uranium and nuclear power plants are here to stay. We
believe that demand for uranium will slowly return to its previous levels.

TER: What other energy prospects interest Lightwater?

JC: We've invested in Denison Mines Corp. (DML:TSX; DNN:NYSE.A) http://www.theenergyreport.com/pub/co/168
. It's been of interest to investors in the last few weeks because it
sold all its U.S. assets, thereby cleaning it up for a potential take-out
bid. It holds an attractive mining property called Wheeler River, which
hosts the Phoenix deposit in the Athabasca region of Canada, the world's
most prolific uranium belt. We believe that as the global players consolidate
the Athabasca area, Denison is a very attractive near-term takeover target.

TER: Thank you for the interview.

JH: You are welcome

JC: Thank you.

Based in Toronto, Canada, Lightwater Partners is an asset management
firm specializing in alternative investments. Partner Jerome Hass http://www.theenergyreport.com/pub/htdocs/expert.html?id=7156
has 16 years experience in the financial industry. He joined Lightwater
from Epic Capital Management. Previously, he was a portfolio manager and
head of international equities at Montrusco Bolton Investments, where
he managed $450M directly, co-managed large global funds, and oversaw
$1 billion in private wealth. Partner Jimmy Chu http://www.theenergyreport.com/pub/htdocs/expert.html?id=7157
has 10 years of experience in hedge and investment funds. His duties
at Lightwater are focused on developing detailed financial models for
existing and potential equity investments, used as tools for making investment
decisions.

Want to read more exclusive Energy Report interviews like this? Sign
up http://www.theenergyreport.com/cs/user/print/htdocs/38 for our free
e-newsletter, and you'll learn when new articles have been published.
To see a list of recent interviews with industry analysts and commentators,
visit our Exclusive Interviews http://www.theenergyreport.com/pub/htdocs/exclusive.html
page.

DISCLOSURE:
1) Peter Byrne of The Energy Report conducted this interview. He personally
and/or his family own shares of the following companies mentioned in this
interview: None.
2) The following companies mentioned in the interview are sponsors of
The Energy Report: None. Streetwise Reports does not accept stock in exchange
for services.
3) Jerome Hass: I personally and/or my family own shares of the following
companies mentioned in this interview: Walter, BHP, Cardero and Mosaic.
I personally and/or my family am paid by the following companies mentioned
in this interview: None. I was not paid by Streetwise Reports for participating
in this story.
4) Jimmy Chu: I personally and/or my family own shares of the following
companies mentioned in this interview: None. I personally and/or my family
am paid by the following companies mentioned in this interview: None.
I was not paid by Streetwise Reports for participating in this story.

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101 Second St., Suite 110
Petaluma, CA 94952

Tel.: [phone]
Fax: [phone]
Email: [e-mail] g vestablished coal-producing region. Other
developers or operators in the region include Anglo American Plc (AAUK:NASDAQ)
http://www.theenergyreport.com/pub/co/544 , Xstrata and Walter Energy.
There is good road infrastructure, constructed by the local forestry operators.
The CN rail line passes 50 kilometers south of the property, providing
access to the ports of Vancouver and Ridley terminals. It's all about
getting coal from Peace River which is about 1,200 kilometers from the
coast to port for shipping to Asia. The economics of met coal are determined
by logistics.

TER: What is Walter Energy doing at the Peace River coal field?

JH: In the summer of 2011, Walter bought one of the larger TSX-listed
pure coal companies, Western Coal, a producer in the Peace River basin.
Western is a major producer of PCI or pulverized coal injection. Steel
manufacturers started using PCI in blast furnaces due to the declining
supply and high prices of coke, which is produced from met coal. Steelmakers
inject pulverized coal into a blast furnace to conserve their met coal
resources.

TER: Walter Energy also has projects in Alabama. How does that affect
the value of its stock?

JH: Most of Walter's mines are in Alabama. What we like about Walter
is that it's a large liquid pure play on met coal. We don't think Walter
is going to be independent for very long. It's very attractive to the
global resource majors. A takeout bid potential from Anglo American has
long been rumored. But Walter has gone through some production problems
with its recently acquired Western Coal operations, as well as at some
of its Alabama mines. There have been a few production hiccups in the
last two quarters, but management indicates that it has righted those
problems.

TER: Are those operational issues behind the fall in Walter's stock
price during the last year?

JH: That's been one of the major reasons. The other is that they did
spend a fair amount of money to buy Western Coal. It's partially just
a reflection of declining valuations of coal names in general.

TER: Let's back track to Cardero for a second because they have an operation
in Ghana. How does that factor into the value of Cardero?

JH: We are not assigning any value to the Guyana project at this point.
Cardero has announced a deal to spin off their Guyanese assets. Cardero
is operationally focused on the Peace River met coal. Investors would
much rather see a pure play there.

Cardero also has an investment in Trevali Mining Corp. (TV:TSX; TREVF:OTCQX)
http://www.theaureport.com/pub/co/2690 , which is a zinc producer. There's
a fair amount of the value captured by the implicit value of the listed
shares of Trevali. Eventually, Cardero will sell this stake as well.

TER: What is your strategy regarding hedging met coal?

JH: It's very tricky to hedge, because the spot market is minute relative
to the contracted market. Plus, intelligence on the spot market is very
murky. So, when it comes to hedging, there is not really a futures market.
You don't have an index you can use. But if we wanted to hedge our position
on Walter, we would short it against another coal-listed name, such as
Teck Resources in Canada. We use Teck because it's primarily a met coal
play, although it does have some copper and zinc exposure. However, the
share class structure of Teck would prohibit a hostile takeover bid for
the company. For that reason, it's attractive as a hedge for our position
in Walter. When you short junior names in the marketplace, there's always
a risk that they will be bought out. That's one of the limiting factors
in mitigating our risk position.

TER: What other commodities do you invest in?

JH: We invest in anything we think we can make money on uranium, for
example. That sector was beaten up very badly in the wake of the Fukushima
nuclear disaster in 2011 a very rough year for uranium names. But, the
reality is that uranium and nuclear power plants are here to stay. We
believe that demand for uranium will slowly return to its previous levels.

TER: What other energy prospects interest Lightwater?

JC: We've invested in Denison Mines Corp. (DML:TSX; DNN:NYSE.A) http://www.theenergyreport.com/pub/co/168
. It's been of interest to investors in the last few weeks because it
sold all its U.S. assets, thereby cleaning it up for a potential take-out
bid. It holds an attractive mining property called Wheeler River, which
hosts the Phoenix deposit in the Athabasca region of Canada, the world's
most prolific uranium belt. We believe that as the global players consolidate
the Athabasca area, Denison is a very attractive near-term takeover target.

TER: Thank you for the interview.

JH: You are welcome

JC: Thank you.

Based in Toronto, Canada, Lightwater Partners is an asset management
firm specializing in alternative investments. Partner Jerome Hass http://www.theenergyreport.com/pub/htdocs/expert.html?id=7156
has 16 years experience in the financial industry. He joined Lightwater
from Epic Capital Management. Previously, he was a portfolio manager and
head of international equities at Montrusco Bolton Investments, where
he managed $450M directly, co-managed large global funds, and oversaw
$1 billion in private wealth. Partner Jimmy Chu http://www.theenergyreport.com/pub/htdocs/expert.html?id=7157
has 10 years of experience in hedge and investment funds. His duties
at Lightwater are focused on developing detailed financial models for
existing and potential equity investments, used as tools for making investment
decisions.

Want to read more exclusive Energy Report interviews like this? Sign
up http://www.theenergyreport.com/cs/user/print/htdocs/38 for our free
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To see a list of recent interviews with industry analysts and commentators,
visit our Exclusive Interviews http://www.theenergyreport.com/pub/htdocs/exclusive.html
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DISCLOSURE:
1) Peter Byrne of The Energy Report conducted this interview. He personally
and/or his family own shares of the following companies mentioned in this
interview: None.
2) The following companies mentioned in the interview are sponsors of
The Energy Report: None. Streetwise Reports does not accept stock in exchange
for services.
3) Jerome Hass: I personally and/or my family own shares of the following
companies mentioned in this interview: Walter, BHP, Cardero and Mosaic.
I personally and/or my family am paid by the following companies mentioned
in this interview: None. I was not paid by Streetwise Reports for participating
in this story.
4) Jimmy Chu: I personally and/or my family own shares of the following
companies mentioned in this interview: None. I personally and/or my family
am paid by the following companies mentioned in this interview: None.
I was not paid by Streetwise Reports for participating in this story.

Streetwise The Energy Report http://www.theenergyreport.com is Copyright
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Reports LLC hereby grants an unrestricted license to use or disseminate
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101 Second St., Suite 110
Petaluma, CA 94952

Tel.: [phone]
Fax: [phone]
Email: [e-mail] g v
Thursday, 10 May 2012 20:58:18STWE [nIGB10F93E] {C}ENDS

[derschweizer]

Antwort auf Beitrag Nr.: 43.300.230 von boersenbrieflemming am 19.06.12 23:20:07

der nächste wichtige schritt wäre getan

[derschweizer]

Melbourne - (www.emfis.com) - Der global tätige Rohstoff-Konzern Anglo American plant enorme Investitionen in sein Geschäft mit Kohle.

Wie der Bergbau-Riese mitteilte, beabsichtige er, den Abbau des schwarzen Energieträgers deutlich zu erweitern. Demnach soll vor allem in Kanada und Australien die Produktion angezogen werden mit bestehenden und neuen Vorhaben. Bis zum Jahr 2020 soll die geförderte Menge bei jährlichen Wachstumsraten von um die 12% verdoppelt werden. Es werde erwartet, dann weltweit der zweitgrößte Kohleproduzent zu sein. Nur BHP Billiton würde noch vor AngloAmerican liegen.

In Asien soll die Nachfrage nach Kohle hoch bleiben

Weiter wurde mitgeteilt, daß das Unternehmen seine Marktanteile bei Kohle ausbauen wolle. Vor allem Indien und China mit ihrem Hunger an Energie würden noch viele Jahre auf den Verbrauch von Kohle angewiesen sein. Aber auch die Märkte in Japan und Taiwan sollen noch stärker bedient werden.

15.06.12 - 17:54 Uhr

[lale93]

Antwort auf Beitrag Nr.: 43.300.962 von derschweizer am 20.06.12 09:38:16

eigentlich bin ich hier nicht positiv gestimmt, jedoch zeichnet sich langsam aber sicher die Einhaltung eines roten Fadens ab. Sobald der nächste Aufschwung kommt (weltwirtschaftlich) wird Cardero dabei sein. Falls sie nicht vorher übernommen werden oder irgend etwas anderes passiert, das Cardero wieder vom Weg abbringt.

Ob man nun kaufen sollte oder nicht, wer weis das bei den weltwirtschaftlichen Verwerfungen aktuell. Der Kurs würde grundsätzlich zum Nachkauf einladen. Jedoch hat sich CDU schon öfter als faules Ei erwiesen

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.301.212 von lale93 am 20.06.12 10:27:10

Nun, es ist nun wenigstens ein Stillstand bei Carbon Creek abgewendet. Ich habe da immer so die Drilling-Seasons im Kopf und nun ist ausreichend Zeit für den Fahrplan.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.302.192 von boersenbrieflemming am 20.06.12 14:12:34

Da war ich wohl nicht dereinstige, der erleichtert war. ;-)

[ixilon]

CDU Cardero Resource 0,91 CAD +0,10 CAD +12.35% 147.657

CDY Cardero Resource 0,894 USD +0,099 USD +12,44% 103.545

CDU - 6 Monate

[boersenbrieflemming]

Bei der wichtigsten beteiligung auch alles nach Plan:

Trevali's Santander mine construction on schedule
Ticker Symbol: C:TV

Trevali's Santander mine construction on schedule

Trevali Mining Corp (C:TV)
Shares Issued 161,131,713
Last Close 6/20/2012 $1.06
Thursday June 21 2012 - News Release

Mr. Mark Cruise reports

TREVALI'S SANTANDER MINE CONSTRUCTION ON TRACK

Trevali Mining Corp. has provided a development update for its Santander zinc-lead-silver mine in west-central Peru. Trevali Peru currently has approximately 600 construction workers and miners on site, and project development is advancing accordingly. All major mine and mineral processing items are on schedule and the company presently remains on track for commissioning in late third quarter 2012.

SITE INFRASTRUCTURE

All core site infrastructure is essentially complete and fully operational - accommodation units, both catering facilities and various mine planning and site offices. Construction and commissioning of the project's 65-kilometre power-line is nearing completion and it is estimated that the site will be connected to the Peruvian power grid in late June - early July.

PROCESSING PLANT

Merit Consultants International Inc. is supervising construction of the 2,000 tonne-per-day (tpd) Processing Plant by Cempro Tech S.A., a Lima based specialist construction firm, on behalf of the Santander Project Development Team (a joint development between Trevali and Glencore International).

Glencore's mill is fully decommissioned and all equipment is on-site and ready for installation, including specific new components. Plant construction is advancing well - all foundations are poured and cured, the majority of rebar and framework is in place and various structural components and building fabrication are presently being assembled (mill circuits, flotation building, zinc and lead thickeners and concentrate storage warehouses) (Figure 1).

UNDERGROUND DEVELOPMENT

The Company's mining contractors, JRC Ingenieros, mobilized to site approximately 3 weeks ago. All key underground service and support facilities are in place, namely water, air, underground offices and training rooms, lamp-room, various explosive magazines and equipment shops. Development of the 5-metre-by-4-metre underground access ramp has commenced and progress to date is excellent (Figure 2).

We seek Safe Harbor.

© 2012 Canjex Publishing Ltd.

[boersenbrieflemming]

Es ist mir nur gerade aufgefallen:

BNN’s Market Call (http://www.bnn.ca/Shows/Market-Call.aspx), Dennis da Silva von Middlefield Capital bezeichnetTrevali als seinen Top Pick.

http://www.bnnprodown.com.edgesuite.net/2012/06/21/20120621_…

[boersenbrieflemming]

CDU: 0.91 +/- 0 311.0

Damit kann man heute durchaus zufrieden sein ... ;-)

[boersenbrieflemming]

Da wird dann auch wieder etwas Politik gemacht ...

"The anti-corruption agency launched the investigations when unnamed person who is said to have been monitoring the activities of the company and its Ghanaian partners currently working on the disputed Shieni iron ore concession filed the complaint far away Canada alleging Cardero was “practicing corruption acts” in the poor West African country."

http://npong2franco.wordpress.com/author/npong2franco/
--

In meinen Augen vollkommen unbedeutender Kram, die bei der Lizenzvergabe unterlegen waren ...

[boersenbrieflemming]

[ixilon]

KOR

June 21, 2012
Corvus Gold Announces Granting of Mayflower Project Permit, North Bullfrog Project, Nevada and Alaskan JV Exploration Programs Start-up

http://www.corvusgold.com/news/index.php?&content_id=97

[boersenbrieflemming]

SK gestern ... CDU: 0.94 CAD +0.03 +3.3% 239.3k

und weiter ...

[derschweizer]

View Original Document

Cardero faces RCMP scrutiny over Sheini acquisition

2012-06-25 08:22 ET - News Release

Mr. Michael Hunter reports

Cardero Resource Corp. has been made aware of a blog report published in Ghana which alleges that Cardero used improper business practices to secure the Sheini Hills iron ore concessions in Ghana.

Cardero maintains it has acted legally and with integrity at all times. The Company has robust corporate governance and business integrity policies in place to ensure that it conducts its activities with best practices and within the confines of the law.

Speaking to the issue, Company President & CEO Michael Hunter stated that "the Company was recently informed by the RCMP that an investigation is underway following a complaint made by an unnamed third party. We are cooperating with the RCMP and have undertaken our own independent review to verify our belief that the Company acted with best business practices in assisting our joint venture partner to compete for, and win, the right to explore and develop this excellent iron ore deposit."

www.stockwatch.com

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.317.360 von derschweizer am 25.06.12 14:32:54

Sheini ist halt sehr begehrt. Es würde mich interessieren, wer der anonym Anzeigende war.

[boersenbrieflemming]

Hier noch einmal der komplette Link (Marketwtch) - immerhin eine gute Gelegenheit hier noch einmal auf die Bohrergebnisse und Projekte hinzuweisen.

http://www.marketwatch.com/story/cardero-maintains-it-follow…

[derschweizer]

Antwort auf Beitrag Nr.: 43.317.403 von boersenbrieflemming am 25.06.12 14:44:45

frag mal den investor vll. weiß der was?

der schreibt sich im anderen srad schon die finger wund, die üblichen, aufgewärmten verschwörungstheorien.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.317.570 von derschweizer am 25.06.12 15:24:16

... wir hatten in dem besagten Blog bereits Kommentare von Usernnamen, die WO zugeordnet sind (Bsp. "Truthahnjunge" und so ein Müll. Es würde mich nicht wundern, wenn die da auch noch mitspielen, nachdem nun wirklich beinahe alle derer Empfehlungen abgeraucht sind (ich denke da auch an das Oro-Gold Desaster, der sogenannte "hottie") ...

Unabhängig war die Geschichte hier schon vor drei Tagen im Thread ... die Untersuchung hat in meinen Augen im Wesentlichen nur die Bedeutung, dass die Lizenzen für Sheini hieb -und stichfest sind.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.317.570 von derschweizer am 25.06.12 15:24:16

... das hatte er in anderen Foren mit seinen Ausweichpseudonymen ebenfalls, siehe zum Beispiel den "culibaly" in den Yahoo-Board´s. Ohne Frage ... ärgerlich, aber ich habe da keine Bedenken, da CDU bisher immer sehr vorsichtig agiert hat. Im Moment ist der Focus eh auf Carbon Creek gerichtet. Bei Sheini bedarf es noch weiterer BE.

[boersenbrieflemming]

Met coal

Strong supplies from Australia have driven met coal markets over the past month as the price of low-volatility metallurgical coal, used in the production of steel, faced downward pressure. Low-vol coal traded sideways in mid-June while hovering around the $223/mt FOB Australia mark.

The price of low-volatility coking coal has fallen by about a third over the past year, and the outlook for 2013 is not much brighter. A Commonwealth Bank report, cited by Platts, revised its 2013 price projections downward by 10 percent to $213/mt FOB Australia for 2013 and 5 percent to $205/mt FOB for 2014 due to rising supply.

New supplies of coal are exerting “tremendous pressure” on the price of the commodity, Lakshmi Mittal told the Steel Success Strategies conference in New York last week.

Weak demand from key markets has not helped the situation. Chinese and Indian coal users acknowledged that inventories of prime-quality coking coal are low at present, but appeared unwilling to translate this situation into active market bids, Platts said

Coal-intensive German steel output in the first four months of 2012 was also down, falling 5 percent year-on-year at 14.5 million tonnes, in reflection of the Eurozone’s economic slowdown.

“I don’t believe we’ll return to pre-crisis level of [steel] demand anytime soon,” Mittal also said.

Coking coal companies are beginning to feel the impact of the price decline. Russian coal and steel producer Mechel (NYSE:MTL) recently announced a near 30 percent reduction in net profits due in great part to declining prices and sales of its raw materials.

Coking coal prices for delivery from Mechel to South Korea and Japan fell from US$215 to $220 per tonne in the first three months of 2012 to US$185 to $190 per tonne in the second quarter, the company’s vice president, Oleg Korzhov, told Reuters this week.

One bright spot appears to be the Indian steel markets which, despite an abundance of local coal resources, look eager to bring an increasing number of coking coal imports into their markets in the coming year.

Coal imports, which were at 99 million tonnes between April 2011 and February 2012, are expected to increase by 28.3 percent by February 2013 to 127 million tonnes, The Times of India reported. Strong demand from power, steel, and cement industries is said to be responsible for the increase.


http://resourceinvestingnews.com/38593-coal-markets-in-overs…

--

Das dürfte immer noch über dem Niveau von 185 USD/t liegen bei unserer PEA (Base Case)

[boersenbrieflemming]

Diese RCMP-Sache hat dazu geführt, dass ich mir noch einmal Sheini angeschaut habe (war Teil der News):


"A10,000 metre phase I drill program is in progress with a total of 42 drillholes having been completed to date and results having been received for the first 7 drillholes.

Drilling in progress to the north of these holes continues to intersect thicker iron mineralization, with individual iron formations in excess of 200 metres in thickness from surface."


Ds ist wirklich fett, dann hoffen wir mal das sich der Qualm rasch (und damit endgueltig) verzieht.

http://www.marketwatch.com/story/cardero-maintains-it-follow…

[boersenbrieflemming]

Es ist ganz interessant, wie die Lizenz-Verlierer da reagieren - es ist nicht mehr der bekannte Gerichtscountdown, sondern nunmehr die Untersuchung der RCMP. Fuer mich heisst das im Umkehrschluss, dass hier die Felle davongeschwommen sind und der Erfolg vor Gericht wohl ausgeblieben ist. Anders ist der Quatsch derzeit nicht erklaerbar. Das "Gericht" spielt jedenfalls keine Rolle mehr. Das wird sich irgendwann klaeren und vermutlich auch, wer eigentlich dahinter steht. Es ist entweder ein WO-Bengel oder tatsaechlich ein Konkurrent.

Der Blogschreiber recherchiert schlecht und wirkt wirr:

"Stay tuned as the Enquirer brings to you how Cardero attempted to trade off the license(s) to Sheini ore to another company TMT Inc. "

http://npong2franco.wordpress.com/2012/06/25/shieni-iron-ore…

Ja, ja stay tuned ...

--

Es lohnt sich ebenso einmal in den Nebenthread zu schauen, hier finden sich viele Geister der Vergangenheit, die auf ihre uebliche Form argumentieren. Mutmasslich gesperrte (und nun gedoppelte) ID´s treffen auf selbsternannte "Ex"-Moderatoren, hoffnungsvolle Boersenbriefschreiber, User mit WO-Ambitionen und es kommt zum der gescheiterte Ex-Hedgefond-Berater Marc Tuner (das war u.a. der mit dem Oro Gold Hottie) zum gepflegten Wort.


Ich hoffe nur, dass der Spuk bald ein Ende hat und wir etwas mehr zu Carbon Creek und Sheinie lesen - im Moment schreit es foermlich auch nach News. Ich denke da immer noch an den abgesagten TMT-Deal.

[boersenbrieflemming]

Auch der Northern Miner brachte die "Story" gestern über deren Newsticker:


RCMP looks at Cardero's activities in Ghana

TEXT SIZE 2012-06-25
Despite promising early results from its Sheini Iron Ore project in Ghana, Cardero Resources (CDU-T) could be facing some legal headaches over the project.

The Royal Canadian Mounted Police (RCMP) has launched an investigation into how Cardero won the concessions after an unnamed third party made bribery and corruption charges against the company.

The RCMP is acting under the Canadian Corruption of Foreign Public Officials Act, (CFPOA) — an act that lets it prosecute Canadian officials in any foreign country involved in corruption practices.

For its part Cardero says it has acted legally and with integrity at all times.

“The Company has robust corporate governance and business integrity policies in place to ensure that it conducts its activities with best practices and within the confines of the law,” Cardero said in a statement.

It went on to say that it has launched its own independent review to verify that it acted in accordance with best business practices while it helped its joint venture partner at the project, Emmaland Resources Ghana Limited, win the right to explore and develop the project.

If Cardero can clear up the situation it would appear to have a highly prospective project on its hands as initial drill results, which were released on June 15, were highlighted by: 36.6 metres grading 35% iron, 38 metres grading 35.7% iron and 30.2 metres grading 45.6% iron from three separate holes.

The company is in the midst of 10,000 metre, 42 drill hole program with results already in for the first seven drill holes. It expects to have an initial resource estimate out on the project by the fourth quarter of this year.

Sheini was discover in the early 1960s and by1965 the Soviet Geological Survey had outlined a deposit. The project was abandoned after the government at the time was overthrown in 1966.

In Toronto on June 25 the company’s shares were 6% or 6¢ to 88¢ on roughly 90,000 shares traded.
---

Initial drill results... aufregender wird es dann, wenn bereits bekannte Bereiche bebohrt werden ... wie gesagt, die 200m Thickness im Süden. Ich glaube zwar, dass die Sache zu nichts führt - aber schnell erledigt sein wird das wohl nicht. Mal schauen ...

---

bei dem Artikel bin ich kurz haengengeblieben:

What the RCMP's anti-corruption crackdown means for miners

http://www.miningmarkets.ca/news/what-the-rcmps-anti-corrupt…

[KingKong2]

Ausblick Gold, Silber und HUI nach dem Mai-Tief:

http://www.stockhouse.com/Columnists/2012/Jun/26/Comparing-t…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.320.855 von KingKong2 am 26.06.12 11:27:52

super interessant ...

[boersenbrieflemming]

Das zieht ja ganz Kreise - so bekommt Scheini wesentlich mehr Aufmerksamkeit, das ist schon fast Guerilla Marketing. ;-)

FP says Cardero denies any wrongdoing in Ghana

Cardero Resource Corp (C:CDU)
Shares Issued 91,777,454
Last Close 6/25/2012 $0.88
Tuesday June 26 2012 - In the News

The Financial Post reports in its Tuesday, June 26, edition that Cardero Resource (88 cents) says it has done no wrong as the Royal Canadian Mounted Police commence a probe into its payments in Ghana. The Post's Peter Koven writes that at issue is a concession for an iron ore deposit called Sheini Hills. Cardero and its Ghanian partner Emmaland Resources won prospecting licences for the project last year. The two firms were of no interest to regulators until earlier this month, when the RCMP received an anonymous tip that raised concerns about how they secured the concession. A Ghana-based blogger revealed the probe and stated the Mounties are looking into alleged "bribery practices" involving Cardero and Emmaland, including potential manipulation of public officials. The RCMP confirmed the investigation but provided no details. Cardero is co-operating with the probe and insists it did nothing wrong. Cardero is conducting its own review and will provide information to the Mounties. Chief executive officer Michael Hunter says the bidding for Sheini Hills was a very open and transparent 18-month process, and the government of Ghana stuck to its guidelines through the whole thing.

© 2012 Canjex Publishing Ltd.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.321.861 von boersenbrieflemming am 26.06.12 15:15:52

LOL, ich meinte Sheini ;-)

[Stefan0310]

Antwort auf Beitrag Nr.: 43.321.861 von boersenbrieflemming am 26.06.12 15:15:52

Den Bekanntheitsgrad steigert es schon, aber es kann auch ordentlich nach hinten losgehen wenn die Untersuchung den Bestechungsvorwurf bestätigt. Neben dem Imageschaden und dem in den Sand gesetzten zweistelligen Millionenbetrag wäre dann vielleicht sogar mit negativen Auswirkungen auf Carbon Creek zu rechnen.

Dass CDU selbst davon ausgeht alles richtig gemacht zu haben, dürfte wohl niemanden hier überraschen - aber das heißt erstmal gar nichts. Hoffen wir das TMT nicht der gescheiterte Versuch war aus dieser möglicherweise krummen Nummer noch unbeschadet rauszukommen.

Stefan

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.322.816 von Stefan0310 am 26.06.12 18:34:18

Den Kurs interessiert das nicht:

0.92 +0.04 4.5 47.9



Ich hatte in dem Zusammenhang und in Diskussion mit einem WO-User noch einmal die Fakten angeschaut:


"Mr. Ababio said as part of the company’s social responsibility even before the project fully takes off, it has graded the road to link Zabzugu to the Sheini and rehabilitated the abandoned presidential lodge at Zabzugu which they will use as their office. They have also equipped the district assemblies with computers to facilitate their work."

http://www.dailyguideghana.com/?p=33955

Da gab es wohl auxch ein paar Dinge in den AIF. Es wird schwierig daraus einen Fall zu stricken, da sind keine Autos, Motorraeder verschenkt worden. Fuer die PC´s wird es auch eine Begruendung geben - vermutlich mussten technische Voraussetzungen fuer den Bezirk geschaffen werden oder die PCs wurden zur Auswertung von Daten genutzt ... wer weiss, wer weiss. Mir ist das recht gleichgueltig ... ich sehe da nur eine anonyme Anzeige und keinen richtigen Fall.

Die Lizenz ist da und sie wurde vollkommen im Einklang mit geltendem Recht erteilt, die gerichtliche Sache scheint ohne Belang - die Mountis werden dem ein Ende setzen und die Diskussion ist damit dann erledigt.

Die Cardero-Aktie war selten im Jahr so attraktiv wie derzeit. Mal schauen. Zumindest koennen sie weiter mit ihrer 200m Thickness hausieren gehen und ich freue mich schon auf die suedlichen BE.

BL

P.S.


Das muessen uebrigens alle Carderos unterschreiben:

http://www.cardero.com/i/pdf/code_of_conduct.pdf

[ixilon]

DRI

June 26, 2012

Franco-Nevada Purchases Royalty From Dorato

http://tmx.quotemedia.com/article.php?newsid=52313669&qm_sym…

[ixilon]

ECC

June 26, 2012 - 9:02 AM EDT
IIROC Trading Halt - ECC
http://tmx.quotemedia.com/article.php?newsid=52300460&qm_sym…

--------------------------------------------------------------------------------------------

June 26, 2012 - 10:12 AM EDT
Ethos Drilling Yields New Yukon Gold Discovery: 7.1 g/t Au With 209 g/t Ag Over 13.7 Meters
http://tmx.quotemedia.com/article.php?newsid=52303066&qm_sym…

-------------------------------------------------------------------------------------------

June 26, 2012 - 10:37 AM EDT
IIROC Trading Resumption - ECC
http://tmx.quotemedia.com/article.php?newsid=52303985&qm_sym…

[boersenbrieflemming]

... wohl erst einmal als vorerst letztes zu dem Thema, da haben sich ja einige die Finger wegen eines angeblichen Gerichts-Countdowns wundgeschrieben ... der Artikel ist insofern interessant, weil sich wohl auch der "Prozess" erledigt haben duerfte.

"However the company is currently being investigated by the Canadian National Police Force following a formal complaint made by an unnamed third party.

Last year the company was dragged to court by Inland Mining Ghana Limited over a similar matter.

Lawyer for Inland Mining Ghana Limited, John Ndebugri, had alleged Emma Land submitted a pirated copy of his clients’ report on the prospects of the area to the Minerals Commission.

However the Chief Executive Officer of Minerals Commission, Benjamin Aryee, dismissed the assertions. He told Citi Business News the report submitted by the two companies had no similarities.

But the President and CEO of Cardero Michael Hunter maintains the company followed the laid down procedures in its acquisition of the license for the project.

"Cardero created, on its own, a very comprehensive 172 page proposal that was submitted to a wide and diverse panel of experts for review and was clearly the winner of the compeitition to be awarded the concessions in conjunction with our partner at Emma Land", he stressed." ...

Es ist nicht ungeschickt, wie Cardero mit der anonymen Anzeige umgeht. Im letzten Winkel der Explorerinteressierten kennt man nun Sheini.


http://www.citifmonline.com/index.php?id=1.943765

[boersenbrieflemming]

Ethos Drilling Yields New Yukon Gold Discovery: 7.1 g/t Au with 209 g/t Ag over 13.7 Meters

http://info.stockwatch.com/eblast/view/20120627/20120627.htm…

[boersenbrieflemming]

Das lief ja heute ganz erfreulich - Shorts sind da wohl vernehmbar enttäuscht:

CDU: 0.93 CAD +0.03 +3.3% 99.9k

Sofern man sich einmal den US Coal Index (Dow Jones) anschaut ... hat sich CDU bisher gut gehalten und sollte dann wohl auch profitieren, wenn es in dem Sektor wieder hoch geht. Sheini bleibt ja als Joker erhalten.



---


Consider Coal Stocks On A Rebound In Met Coal Prices

http://seekingalpha.com/article/687311-consider-coal-stocks-…

Cardero ist da natürlich nicht mit aufgelisteti - trotzdem lesenswert, vieles liegt halt im Bereich des Jahrestiefs.

--


Dann hoffentlich D gegen ES.

[ixilon]

IDI

Insider Overview :: Indico Resources Ltd. (V:IDI)

Jun 22/12 Jun 20/12 Van Alphen, Susannah Coille Direct Ownership Options 50 - Grant of options 75,000 $0.210
Jun 21/12 Jun 20/12 Drobe, John Richard Direct Ownership Options 50 - Grant of options 250,000 $0.210
Jun 20/12 Jun 20/12 Freeman, Gary Richard Indirect Ownership Options 50 - Grant of options 250,000 $0.210
Jun 20/12 Jun 20/12 Wu, Peggy Direct Ownership Options 50 - Grant of options 75,000 $0.210
Jun 20/12 Jun 20/12 Harris, Leonard Direct Ownership Options 50 - Grant of options 100,000 $0.210
Jun 20/12 Jun 20/12 Van Alphen, Hendrik Direct Ownership Options 50 - Grant of options 375,000 $0.210

http://www.canadianinsider.com/node/7?menu_tickersearch=idi

Homepage: http://www.indicoresources.com/s/Home.asp

Presentation: http://www.indicoresources.com/i/pdf/Indico_April_2012.pdf

2 Jahreschart

[ixilon]

ABS

Abzu Gold - Corporate Presentation - June, 2012

http://www.abzugold.com/_resources/presentations/Abzu_Corp_P…

[ixilon]

BAR

Balmoral Resources - Corporate Video - June 2012

http://www.youtube.com/watch?v=Rjzjl4d3V7Y&feature=youtu.be&…

[boersenbrieflemming]

Wir ruecken wieder sehr schoen an den Dollar ran ...

[gustel66]

Antwort auf Beitrag Nr.: 43.332.109 von boersenbrieflemming am 28.06.12 17:33:37

...wird auch langsam wieder Zeit. Aber freuen kann ich mich über den Kurs noch lange nicht...

[boersenbrieflemming]

Ich setze klar auf Sieg!

Allen Carderos ein schönes Match ...

[Illex08]

Antwort auf Beitrag Nr.: 43.332.807 von boersenbrieflemming am 28.06.12 20:19:16

Ich setze klar auf Sieg!

Aber klar doch.
Diesmal gehts bella Italia an den Kragen...



Illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.332.860 von Illex08 am 28.06.12 20:34:36

Leider nein ... und ich hatte mir alles so gelegt, um am So daheim zu feiern ...

SK: 0.93 CAD +/-0 307.9k

[boersenbrieflemming]

15x0,39= 5,95 (+Sheini und Minnesota als Bonus)

Ocean Equities aktuell:

"Cash and public investments represents C
.39/sh or ~42% of Cardero’s share price, with peer group multiples justifying a 2-15x uplift on the basis of Carbon Creek alone."

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CD…

[Illex08]

Antwort auf Beitrag Nr.: 43.333.455 von boersenbrieflemming am 28.06.12 23:30:04

Der geht heute ganz klar auf Jogi's Kappe.

Wie kann ich mit diesen statischen Spielern Podolski und Gomez
starten.

Hab ich echt nicht verstanden.
Wir spielen ohne einen Rechtsaußen, dazu mit einem Podolski auf links, der in 3 Vorrunden Spielen nicht in einen einzigen offensiven Zweikampf gegangen ist und mit dem langsamsten Mittelstürmer aller EM-Teams gegen ein starkes Team, dass auch vielbeinig verteidigen kann.

Diese Offensive hatte 45 min keine Power.
Sorry,selbst schuld.
(Mein Fähnchen muss morgen früh dran glauben...)

Illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.333.527 von Illex08 am 28.06.12 23:56:29

Das war dann wohl ein zweifacher Sieg. Merkel ist auch eingeknickt.

"According to the report, world trade of metallurgical coal is projected to increase by six percent to reach 286 million mt in 2012. World metallurgical trade is forecast to increase by a further three percent to 296 million mt in 2013 supported by import growth in China and India"


http://www.steelorbis.com/steel-news/latest-news/bree-austra…

[boersenbrieflemming]

Da haben wir ja den Dollar wieder ... Grüße vom sonnigen Zuger See ...

BL

[Stefan0310]

hallo zusammen,

vielleicht hat jemand von Euch Interesse sich hier zu beteiligen.

Thread: Günstige Explorer mit Cash und fortgeschrittenen Projekten

Wenn man die Beteiligungen als Cash betrachtet, zählt CDU auch mit zu den Schnäppchen die dort miteinander verglichen werden sollen.

Stefan

[ixilon]

CDU - Cardero Resource 1,00 CAD +0,07 CAD +7,53% 192.900
CDY - Cardero Resource 0,972 USD +0,061 USD +6,65% 107.396

[ixilon]

CDU - Langfristchart

[ixilon]

CDU - Mittelfristiger Chart

[ixilon]

CDU - Kurzfristiger Chart

[ixilon]

Heute kein Börsenhandel in Canada

Montag - 02.Juli 2012 - Canada Day (01.Juli 2012)

[derschweizer]

Anglo American nimmt Eisenerz in Westafrika ins Visier

Johannesburg 26.06.2012 (www.emfis.com)

Der weltweit tätige Rohstoffkonzern Anglo American hat mehrere Projekte im Westen des Kontinents im Auge und prüft dortige Vorhaben mit Eisenerz.

Wie das südafrikanische Unternehmen Kumba Iron Ore, Tochtergesellschaft von Anglo American mitteilte, beobachte es mehrere Projekte in Westafrika. Es gebe noch nichts Konkretes zu berichten, jedoch erwäge die Firma vom Kap, dort ein zweites Standbein zur Produktion von Eisenerz aufzubauen. Der Fokus liege aber noch in Südafrika, wo die Mine Kolomela derzeit auf eine jährliche Produktionskapazität von neun Millionen Tonnen Eisenerz erweitert werde. Es stünden dann noch mehrere Projekte auf der Liste, um den Output aus Südafrika bis 2019 auf über 70 Millionen Tonnen Eisenerz per anno zu steigern.

Westafrika erlebt eine Investitionswelle

Die westafrikanischen Vorhaben an Eisenerz werden ständig erweitert, neue Lagerstätten entdeckt und zur Exploration vorbereitet. Insider sprechen bereits von einer zweiten Pilbara, der gigantischen Lagerstätte im Westen von Australien.

[boersenbrieflemming]

Das sollte den Kursen helfen - auch wenn wir mit Carbon Creek einen met coal Schwerpunkt haben.

Europe Burns Coal Fastest Since 2006 In Boost For U.S.

http://www.bloomberg.com/news/2012-07-02/europe-burns-coal-f…

[ixilon]

AHC

Artha Obtains Community Agreement in Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 3, 2012) - Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce that its wholly owned subsidiary in Argentina, Minera Crosby S.A, has received approval from the local Coyaguayma Aboriginal Community to continue with exploration, including drilling, at the Pirquitas properties in Jujuy Province, NW Argentina.
...

http://tmx.quotemedia.com/article.php?newsid=52478301&qm_sym…

[ixilon]

Heute kein Börsenhandel in den USA

Mittwoch - 04.Juli 2012 - Independence Day

[derschweizer]

Anglo American warnt Südafrika vor Kohleexportverbot

Johannesburg - (www.emfis.com) - Der global tätige Rohstoffkonzern Anglo American sträubt sich gegen die angedachte Massnahme der Regierung am Kap.

Wie das Bergbauunternehmen mitteilte, habe es der südafrikanischen Volksvertretung seine Sicht der Dinge bezüglich einer Ausfuhrbeschränkung des schwarzen Energieträgers dargelegt. Dies betreffe unter anderem die Befürchtung des Konzerns, dass derartige Restriktionen sicherlich zu einer nachlassenden Investitionstätigkeit Seiten ausländischer Firmen in dem Sektor führen könnten. Dies würde zu einer Beeinträchtigung und Reduzierung der Produktionszahlen in dem Land führen, was dann auch der lokale Energiekonzern Eskom an Preisen und Versorgung mit Kohle spüren würde. Es sei in Südafrika genug Kohle vorhanden sowohl für die heimische Stromerzeugung, als auch für den Export.

Südafrika will Kohle zu einem staatlich geschützten Rohstoff machen

Die Volksvertretung des Landes plant, Kohle zu einem für Südafrika strategisch bedeutsamen Rohstoff zu erklären. Dies würde den Verkauf von Kohle stark reglementieren. Es wird befürchtet, zunehmende Exporte könnten sich durch steigende Preise und Versorgungsengpässe zum Schaden der heimischen Energiewirtschaft wenden.

[boersenbrieflemming]

Die Presse (Ghana News Agency) in Ghana zu Cardero:

Cardero acted legally acquired Sheini Iron Ore concessions -CEO


http://www.ghananewsagency.org/details/Economics/Cardero-act…

Hunter scheint da vor Ort zu sein.

[Stefan0310]

Moin BL,

der Artikel sagt nicht mehr aus als dass Hunter in Ghana ist und seiner Meinung nach alles richtig gemacht hat. Wie neutrale Instanzen das sehen wird die Untersuchung in Kanada erst noch zeigen.

Stefan

[Taschenrechner]

Antwort auf Beitrag Nr.: 43.353.979 von boersenbrieflemming am 05.07.12 01:42:31

Gut.

Salve,
Tasche

[boersenbrieflemming]

Trevali Increases Inferred Resources by 188% to 13.84 Million Tonnes at Santander Zinc-Lead-Silver Mine Project in Peru-Provides Corporate Update
Major increase in contained in-situ inferred metal - Zinc increases 162% to 1.41 billion lbs, Lead increases 162% to 121 million lbs and Silver increases 194% to 9.4 million ounces - mineralization remains open for expansion.

http://www.marketwatch.com/story/trevali-increases-inferred-…

[stockrush]

Antwort auf Beitrag Nr.: 43.356.567 von boersenbrieflemming am 05.07.12 16:10:29

Deshalb der exorbitante Abschlag bei Cardero und der galaktische Anstieg bei Trevali.

Ojee..muss aufpassen bevor ich mich tot-lache.

Die Märkte sind bereit für die Apocalpyse. Mein Depot ist blutrot. Noch könnte ich mit 78% Minus verkaufen. Tja...

[boersenbrieflemming]

Eine Apokalypse sehe ich derzeit nicht. CDU ist derzeit noch in einer angenehmen Lage, abgesichert durch das Cash und Beteiligung.

Bei jedem in diesem "Segment" sahen die Depots schon einmal rosiger aus.

[ixilon]

IDI

Indico Resources - Insider-Käufe

http://www.canadianinsider.com/node/7?menu_tickersearch=idi

[ixilon]

ECC

Ethos Gold - Insider-Käufe

http://www.canadianinsider.com/node/7?menu_tickersearch=ecc

[ixilon]

ABS

Abzu Gold - Insider-Käufe

http://www.canadianinsider.com/node/7?menu_tickersearch=abs

[boersenbrieflemming]

Wer erinnert sich da noch?

Artha Indentifies Exploration Target at Organullo Property in Argentina

http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=1…

[ixilon]

ECC

Ethos Gold - Corporate Presentation - July 2012

http://www.ethoscapitalcorp.com/i/pdf/CorporatePresentation.…

[ixilon]

IDI

July 10, 2012
Indico Announces Appointment of Chief Executive Officer/President and Private Placement

http://tmx.quotemedia.com/article.php?newsid=52622687&qm_sym…

[boersenbrieflemming]

fric Zone Continues to Expand on Balmoral's Northshore Property, Ontario
- All holes intersect broad zones of gold mineralization - High grade vein systems intersected in all holes - Gold system expanded in all directions

http://www.marketwatch.com/story/afric-zone-continues-to-exp…

International Tower Hill Announces Up To $25,000,000 Non-Brokered Equity Financing

http://www.marketwatch.com/story/international-tower-hill-an…

[gustel66]

..wars das schon wieder mit der Korrektur nach oben?

[boersenbrieflemming]

Ich habe da einen sehr interessanten Artikel (mit Hinweisen auf maliziöse Elemente) zugeschickt bekommen - hoffentlich ist das bald Geschichte.

--


Emmaland refutes allegations over acquisition of iron ore concession



Mike Hammer, Minister Lands & Natural Resources
Stories by Daniel Nonor
The Sheini Hills in the Zabzugu/Tatale area of the Northern Ghana has one of the finest iron ores in Africa, and there are possibilities of mining gold, limestone, bauxite, silica, manganese, yet the people remain in abject poverty, saddled with mass unemployment and lack of other basic social amenities.
However, when Emmaland and Cardero got the license to explore the rich iron deposits in this area, it was deemed an opportunity to open up the place for a thriving business, offering employment to the large number of unemployed youth in the area.
But, some powerful hands within the corridors of power are said to be thwarting the progress of work in the area.
The Chronicle has been informed that some companies, which are believed to be friends of the ruling government, are pulling the strings to frustrate work on the project.
Information available to The Chronicle indicates that a well known company and its directors are trying all means available to them to malign and discredit Emmaland and Cardero with malicious, criminal, and unsubstantiated allegations.
The Chronicle also gathered that a formal complaint has also been made by these same detractors to the Royal Canadian Mounted Police, a Canadian Anti-Corruption Agency, which is now in Ghana to investigate the issues.
“What these people have forgotten is that a completely independent committee set up under the Mining Act thoroughly examined all inputs of the competing companies, before a recommendation was made to the Minister of Lands and Natural Resources for the permit to be granted to Emmaland and Cardero,” a source noted.
Pieces of information gathered by The Chronicle on the whole saga indicate that twelve companies applied to the Minerals Commission for licenses to prospect for iron ore in the Sheini Hills.
However, considering the fact that unlike other mineral deposits, Ghana has a limited deposit of ore in the Sheini area, as well as at Opon Manso in the Western Region, and also to prevent the situation where companies are given prospecting license but never set foot at site, the Minerals Commission, in accordance with its mandate under section 2 of the Minerals Commission Act, 1993(Act 450), came out with some policy guidelines to regulate the grant of the prospecting licenses.
These guidelines include the grant of a renewable six months non-exclusive due diligence permit, and also a written proposal for the development of the iron ore deposit into an integrated iron and steel industry.
Top this effect, an independent technical committee, made up of experts from the Minerals Commission and mining industry, was then put up in place to evaluate the proposals, after which Emmaland Resources was granted the prospecting license.
However, some of the competing companies seem dissatisfied with this procedure, and have faulted the Minerals Commission, and are bent on thwarting the project.
Meanwhile, Emmaland insists that it acted legally and with integrity at all times in the acquisition of the prospecting license.


http://ghanaian-chronicle.com/emmaland-refutes-allegations-o…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.379.983 von gustel66 am 12.07.12 19:32:07

Das aktuelle Marktumfeld für Edelmetalle ist schon lästig, aber genauso sicher bin ich mir, dass wir in diesem Jahr wieder drehen werden und die COMEX-Drueckerei aufhört. Bei der Kohle sehe ich auch Licht am Ende des Tunnel. Das wird auch an der CDU nicht spurlos vorbei gehen.

[schnitzale]

Antwort auf Beitrag Nr.: 43.382.223 von boersenbrieflemming am 13.07.12 11:23:15

Ich weiß nicht - ich bin bei meinen Kohlewerten mit Verlusten raus, ich glaube, dass das Thema eher Richtung Schiefergas gehen wird ... sonst gehe ich weiterhin eher Richtung Edelmetalle, Kupfer & etwas seltene Erden ...

[toohell]

Antwort auf Beitrag Nr.: 43.382.320 von schnitzale am 13.07.12 11:40:42

der war gut
ich glaube, dass das Thema eher Richtung Schiefergas ........:laugh
ich würde sagen du hast was geraucht

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.382.320 von schnitzale am 13.07.12 11:40:42

Bei Thema Kohle kann mich nichts mehr schocken - es hat jetzt kürzlich Patriot Coal und nun Cline erwischt, der Markt leidet. Cline wäre mit seiner SSC aber nicht vergleichbar mit Cardero´s Carbon Creek, hier sehe ich derzeit keine Abschläge beim Kohlepreis - auch wenn noch News zur Kohle-Qualität ausstehen. Zudem haben wir noch Sheini Hills. Sie hatten in einer News einmal Längen von 200m angedeutet - ich bin gespannt was uns aus Sheini Süd noch an News erreicht.

[boersenbrieflemming]

Coal Introduction: Watch The NG Rig Count
July 17, 2012 | 8 comments | includes: ACI, ANR, ARLP, BHP, BTU, JRCC, NRP, TCK, UNG
Coal and coal stocks have been the object of much commentary. Patriot Coal Corporation's (PCX) recent bankruptcy has illustrated the industry's depressed state. Upon digging into the business, the investor will notice that misunderstandings seem abound.

There are two different aspects to the coal industry. Metallurgical coal is used in the steel-making business. Met coal currently still commands good pricing, giving strong returns for the producers, typically large mining conglomerates such as BHP Billiton Limited (BHP) and Teck Resources Limited (TCK).

http://seekingalpha.com/article/726741-coal-introduction-wat…

Nur, um sich der Unterschiede bewusst zu werden.

--

Nur am Rande - zum Thema Ghana-Sheini-Lizenzen. Die Zusammenarbeit mit den staatlichen Stellen scheint zu funktionieren, was auch immer an der Geschichte dran ist.

http://www.ghanabusinessnews.com/why-did-emmaland-cardero-re…

[boersenbrieflemming]

Abzu Gold Announces Non-Brokered Private Placement

http://www.digitaljournal.com/pr/798230

[boersenbrieflemming]

Mining Stocks Primed for a Comeback as Prices Recover


http://www.cnbc.com/id/48219169

... darauf warten ja einige ...

[boersenbrieflemming]

Da kann man den Wahrheitsgehalt, der etwas ungewöhnlichen Kommentare nicht überprüfen - relevant ist Meldung aber trotzdem:

"He arranged for a vehicle from Emmaland Cardero Resources driven by their driver- Kwadwo Antwi to pick me from the town to the site and back. A journey of about one hour. At the site I interviewed workers including one expatriate named Mark Serwa."



http://www.ghanabusinessnews.com/how-emmaland-cardero-resour…

Das heisst nix anderes, dass nun auch von dieser Seite bestätigt wird, dass dort gearbeitet wird. Serwa (nicht Allan) ist von Abzu herbekannt. Hier sollten also dieses Jahr noch News um News folgen.

[boersenbrieflemming]

US Export:

"Strong Export Rebound in June as Asian Buyers Support the Market (34% MoM, 89% YoY), but Europe Still Weak (-10% MoM, -38% YoY). Coking coal exports to Asia reached the highest level on record in June at 2.3mt, while coking exports to Europe declined to 1.3mt, the lowest level since December of 2011."

http://www.streetinsider.com/Analyst+Comments/Nomura+Securit…

[boersenbrieflemming]

The Long And Short Of Coal Stocks: Lean Towards 'Buy'

http://seekingalpha.com/article/735601-the-long-and-short-of…

[boersenbrieflemming]

Work Begins on $1 Billion Coal Mine

http://www.wcbi.com/article.php?subaction=showfull&id=134278…

Interessanter Artikel. Das sieht nicht nach einer Untergangsstimmung aus, es wird ordentlich investiert.

[boersenbrieflemming]

Abzu Gold Announces a $2.5 Million Strategic Investment Proposal

http://www.marketwatch.com/story/abzu-gold-announces-a-25-mi…

[boersenbrieflemming]

July 23, 2012

Cardero Receives 2012 Exploration Permit

Initiates Extensive Feasibility-Level Drill Program


Cardero Resource Corp. (“Cardero” or the “Company”) – (TSX: CDU, NYSE-A: CDY, Frankfurt: CR5) announces approval of its 2012 Notice of Work (“NoW”) and initiation of the 2012 drill program at the Company’s flagship Carbon Creek Metallurgical Coal deposit.

“In recent months, Cardero has announced a number of very key project milestones, including port allocation at Ridley Terminal, employment of Angus Christie, an experienced Chief Operating Officer, and issuance of key licenses surrounding the core freehold portion of the deposit.” stated Michael Hunter, Cardero’s President & CEO. “We are currently mid-way through our Prefeasibility Study, which will bring us to a series of go-forward mine and transport decisions. The drill permit announced today is the last essential milestone allowing Cardero to complete a Full Feasibility Study and submit a Mine Permit application in 2013.”

Prefeasibility Study Update

Current work at Carbon Creek is focused on Q3-completion of a NI43-101 Technical Report Prefeasibility Study (“PFS”), which will provide significant detail on key mine-development considerations, including a new resource estimate, mine design, product specification, production schedule, processing plant design, site infrastructure, transportation options and a detailed financial assessment. The study aims to provide go-forward decisions, which will be fully assessed in the follow-up Feasibility Study.

Key aspects of the PFS work are summarized below:

· Resource Calculation – completion of new geological model and resource calculation, including new drill data from the 2011 drill program.
· Mine Design – optionality with respect to various potential mining methods, seam selection for mining, mine design, and mine production scheduling.
· Coal Qualities & Product Specification – the 2011 drill program included bulk sampling (large diameter core drilling) of 11 coal seams. This work will provide a good indication of potential products and marketability for PFS-level assessment. The recent approval of coal license application 414152 (see News Release NR12-14 June 19th, 2012) will allow the remaining coal seams to be drilled during the 2012 program, with final product specification feeding into the full Feasibility Study (“FS”).
· Processing Plant – the Company is assessing several options for coal processing plant design and aims to reach a go-forward decision for the PFS report.
· Surface Facilities – preliminary designs for all surface facilities, coal handling systems, and on-site power.
· Transportation Study – the company is currently assessing two transportation options to take clean coal from the mine site to the rail head.
· Environmental Assessment – environmental work is ongoing at site and the PFS will include important information about potential impacts, mitigation and reclamation planning as well as an update on baseline data collection.
· Economic Assessment – the PFS include a new and more detailed discounted cash flow model and indicative mine project valuation.

2012 Field Program

The 2012 drill program is the last major drill program prior to completion of the Feasibility Study (“FS”) in 2013. The program currently includes 5,600 metres of diamond drilling, 3,335 metres of rotary drilling and a significant large-diameter drill program. The objectives of the program are summarized below:

· Infill Drilling; New License – the licenses issued recently on approval of the 414152 application will now require infill drilling. This program is aimed at upgrading resource classification across the remainder of the deposit.
· Infill Drilling; Initial Production – the current PFS work has identified areas where underground and surface production could commence, based on mineability and prioritization of highest quality seams. The 2012 program will ensure these areas are mine-ready.
· Resource Expansion – targeted drilling to expand areas already defined as potentially mineable and included in the Prefeasibility Study. These potentially additional resources will be incorporated into the 2013 Feasibility Study.
· Engineering Studies – feasibility-level engineering studies, including mine geotechnical analysis and hydrogeological work will be completed in 2012.

Qualified Person

EurGeol Keith Henderson, PGeo, Cardero’s Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

About Carbon Creek

The Carbon Creek Metallurgical Coal Deposit is the Company’s flagship asset. Carbon Creek is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current (October 1, 2011) resource estimate of 166.7 million tonnes of measured and indicated, with an additional 167.1 million tonnes of inferred, ASTM Coal Rank mvB coal. Having completed acquisition of the project in June 2011, the Company released results of an independent PEA, including an updated resource estimate) in December 2011, which estimates a post-tax, undiscounted cash flow of $3.1 billion (on a 75% basis). The PEA contemplates production of 2.9 million tonnes of saleable metallurgical coal products per annum (NR11-20, December 12, 2011).

The Company cautions that the PEA is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA is based on the current (as at October 1, 2011) Carbon Creek estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company’s web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of

CARDERO RESOURCE CORP.

“Michael Hunter” (signed)
Michael Hunter, CEO and President

[derschweizer]

Cardero Receives 2012 Exploration Permit

Initiates Extensive Feasibility-Level Drill Program

Cardero Resource Corp. (“Cardero” or the “Company”) – (TSX: CDU, NYSE-A: CDY, Frankfurt: CR5) announces approval of its 2012 Notice of Work (“NoW”) and initiation of the 2012 drill program at the Company’s flagship Carbon Creek Metallurgical Coal deposit.

“In recent months, Cardero has announced a number of very key project milestones, including port allocation at Ridley Terminal, employment of Angus Christie, an experienced Chief Operating Officer, and issuance of key licenses surrounding the core freehold portion of the deposit.” stated Michael Hunter, Cardero’s President & CEO. “We are currently mid-way through our Prefeasibility Study, which will bring us to a series of go-forward mine and transport decisions. The drill permit announced today is the last essential milestone allowing Cardero to complete a Full Feasibility Study and submit a Mine Permit application in 2013.”

Prefeasibility Study Update

Current work at Carbon Creek is focused on Q3-completion of a NI43-101 Technical Report Prefeasibility Study (“PFS”), which will provide significant detail on key mine-development considerations, including a new resource estimate, mine design, product specification, production schedule, processing plant design, site infrastructure, transportation options and a detailed financial assessment. The study aims to provide go-forward decisions, which will be fully assessed in the follow-up Feasibility Study.

Key aspects of the PFS work are summarized below:

·Resource Calculation – completion of new geological model and resource calculation, including new drill data from the 2011 drill program.

·Mine Design – optionality with respect to various potential mining methods, seam selection for mining, mine design, and mine production scheduling.

·Coal Qualities & Product Specification – the 2011 drill program included bulk sampling (large diameter core drilling) of 11 coal seams. This work will provide a good indication of potential products and marketability for PFS-level assessment. The recent approval of coal license application 414152 (see News Release NR12-14 June 19th, 2012) will allow the remaining coal seams to be drilled during the 2012 program, with final product specification feeding into the full Feasibility Study (“FS”).

·Processing Plant – the Company is assessing several options for coal processing plant design and aims to reach a go-forward decision for the PFS report.

·Surface Facilities – preliminary designs for all surface facilities, coal handling systems, and on-site power.

·Transportation Study – the company is currently assessing two transportation options to take clean coal from the mine site to the rail head.

·Environmental Assessment – environmental work is ongoing at site and the PFS will include important information about potential impacts, mitigation and reclamation planning as well as an update on baseline data collection.

·Economic Assessment – the PFS include a new and more detailed discounted cash flow model and indicative mine project valuation.

2012 Field Program

The 2012 drill program is the last major drill program prior to completion of the Feasibility Study (“FS”) in 2013. The program currently includes 5,600 metres of diamond drilling, 3,335 metres of rotary drilling and a significant large-diameter drill program. The objectives of the program are summarized below:

·Infill Drilling; New License – the licenses issued recently on approval of the 414152 application will now require infill drilling. This program is aimed at upgrading resource classification across the remainder of the deposit.

·Infill Drilling; Initial Production – the current PFS work has identified areas where underground and surface production could commence, based on mineability and prioritization of highest quality seams. The 2012 program will ensure these areas are mine-ready.

·Resource Expansion – targeted drilling to expand areas already defined as potentially mineable and included in the Prefeasibility Study. These potentially additional resources will be incorporated into the 2013 Feasibility Study.

·Engineering Studies – feasibility-level engineering studies, including mine geotechnical analysis and hydrogeological work will be completed in 2012.

Qualified Person

EurGeol Keith Henderson, PGeo, Cardero’s Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

About Carbon Creek

The Carbon Creek Metallurgical Coal Deposit is the Company’s flagship asset. Carbon Creek is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current (October 1, 2011) resource estimate of 166.7 million tonnes of measured and indicated, with an additional 167.1 million tonnes of inferred, ASTM Coal Rank mvB coal. Having completed acquisition of the project in June 2011, the Company released results of an independent PEA, including an updated resource estimate) in December 2011, which estimates a post-tax, undiscounted cash flow of $3.1 billion (on a 75% basis). The PEA contemplates production of 2.9 million tonnes of saleable metallurgical coal products per annum (NR11-20, December 12, 2011).

The Company cautions that the PEA is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA is based on the current (as at October 1, 2011) Carbon Creek estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company’s web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.



On Behalf of the Board of Directors of



CARDERO RESOURCE CORP.



“Michael Hunter” (signed)

Michael Hunter, CEO and President

[woHitman]

Scheint ja langsam wirklich was zu werden:



NR12-16 July 23, 2012



Cardero Receives 2012 Exploration Permit



Initiates Extensive Feasibility-Level Drill Program





Cardero Resource Corp. (“Cardero” or the “Company”) – (TSX: CDU, NYSE-A: CDY, Frankfurt: CR5) announces approval of its 2012 Notice of Work (“NoW”) and initiation of the 2012 drill program at the Company’s flagship Carbon Creek Metallurgical Coal deposit.



“In recent months, Cardero has announced a number of very key project milestones, including port allocation at Ridley Terminal, employment of Angus Christie, an experienced Chief Operating Officer, and issuance of key licenses surrounding the core freehold portion of the deposit.” stated Michael Hunter, Cardero’s President & CEO. “We are currently mid-way through our Prefeasibility Study, which will bring us to a series of go-forward mine and transport decisions. The drill permit announced today is the last essential milestone allowing Cardero to complete a Full Feasibility Study and submit a Mine Permit application in 2013.”



Prefeasibility Study Update



Current work at Carbon Creek is focused on Q3-completion of a NI43-101 Technical Report Prefeasibility Study (“PFS”), which will provide significant detail on key mine-development considerations, including a new resource estimate, mine design, product specification, production schedule, processing plant design, site infrastructure, transportation options and a detailed financial assessment. The study aims to provide go-forward decisions, which will be fully assessed in the follow-up Feasibility Study.



Key aspects of the PFS work are summarized below:



· Resource Calculation – completion of new geological model and resource calculation, including new drill data from the 2011 drill program.

· Mine Design – optionality with respect to various potential mining methods, seam selection for mining, mine design, and mine production scheduling.

· Coal Qualities & Product Specification – the 2011 drill program included bulk sampling (large diameter core drilling) of 11 coal seams. This work will provide a good indication of potential products and marketability for PFS-level assessment. The recent approval of coal license application 414152 (see News Release NR12-14 June 19th, 2012) will allow the remaining coal seams to be drilled during the 2012 program, with final product specification feeding into the full Feasibility Study (“FS”).

· Processing Plant – the Company is assessing several options for coal processing plant design and aims to reach a go-forward decision for the PFS report.

· Surface Facilities – preliminary designs for all surface facilities, coal handling systems, and on-site power.

· Transportation Study – the company is currently assessing two transportation options to take clean coal from the mine site to the rail head.

· Environmental Assessment – environmental work is ongoing at site and the PFS will include important information about potential impacts, mitigation and reclamation planning as well as an update on baseline data collection.

· Economic Assessment – the PFS include a new and more detailed discounted cash flow model and indicative mine project valuation.



2012 Field Program



The 2012 drill program is the last major drill program prior to completion of the Feasibility Study (“FS”) in 2013. The program currently includes 5,600 metres of diamond drilling, 3,335 metres of rotary drilling and a significant large-diameter drill program. The objectives of the program are summarized below:



· Infill Drilling; New License – the licenses issued recently on approval of the 414152 application will now require infill drilling. This program is aimed at upgrading resource classification across the remainder of the deposit.

· Infill Drilling; Initial Production – the current PFS work has identified areas where underground and surface production could commence, based on mineability and prioritization of highest quality seams. The 2012 program will ensure these areas are mine-ready.

· Resource Expansion – targeted drilling to expand areas already defined as potentially mineable and included in the Prefeasibility Study. These potentially additional resources will be incorporated into the 2013 Feasibility Study.

· Engineering Studies – feasibility-level engineering studies, including mine geotechnical analysis and hydrogeological work will be completed in 2012.



Qualified Person



EurGeol Keith Henderson, PGeo, Cardero’s Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.



About Carbon Creek



The Carbon Creek Metallurgical Coal Deposit is the Company’s flagship asset. Carbon Creek is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current (October 1, 2011) resource estimate of 166.7 million tonnes of measured and indicated, with an additional 167.1 million tonnes of inferred, ASTM Coal Rank mvB coal. Having completed acquisition of the project in June 2011, the Company released results of an independent PEA, including an updated resource estimate) in December 2011, which estimates a post-tax, undiscounted cash flow of $3.1 billion (on a 75% basis). The PEA contemplates production of 2.9 million tonnes of saleable metallurgical coal products per annum (NR11-20, December 12, 2011).



The Company cautions that the PEA is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA is based on the current (as at October 1, 2011) Carbon Creek estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.



About Cardero Resource Corp.



The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company’s web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.



On Behalf of the Board of Directors of



CARDERO RESOURCE CORP.



“Michael Hunter” (signed)

Michael Hunter, CEO and President

[Illex08]

Antwort auf Beitrag Nr.: 43.416.136 von woHitman am 23.07.12 22:57:41

nabend @ all.

aller guten dinge sind 3...

illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.416.200 von Illex08 am 23.07.12 23:25:28

LOL, da sieht man mal wie man darauf gewartet hat.

Die Permit kam nun noch rechtzeitig .... ebenso wie die Coal License.

[Illex08]

Antwort auf Beitrag Nr.: 43.416.659 von boersenbrieflemming am 24.07.12 08:37:21

genau, ich musste schmunzeln gestern abend.

insgesamt eine sehr gute nachricht.

illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.417.133 von Illex08 am 24.07.12 10:36:05

[Illex08]

Antwort auf Beitrag Nr.: 43.417.293 von boersenbrieflemming am 24.07.12 11:16:11

geht bei mir leider im moment nicht.
ich war zwar grad in norwegen in traumhaft schöner umgebung fischen,
hab mir jedoch eine gipsschiene eingehandelt nach einer kleinen hakenverletzung
hier am rhein.

daher schreib ich mit links und klein.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.417.491 von Illex08 am 24.07.12 12:07:12

grad in norwegen

Du Glücklicher. ;-)

Normalerweise wäre ich jetzt an meinem Wohnsitz im Osten an der See. Fällt dieses Jahr aus leider aus. Gute Besserung!

[ixilon]

KOR

July 24, 2012

Corvus Gold Expands Yellow Jacket High-Grade Zone and Hits New High-Grade Vein at Mayflower, North Bullfrog, Nevada

http://tmx.quotemedia.com/article.php?newsid=52956884&qm_sym…

[ixilon]

WML

July 24, 2012

Wealth Minerals Provides Update on Mexico Exploration

http://tmx.quotemedia.com/article.php?newsid=52977479&qm_sym…

[ixilon]

Cardero Receives Additional Positive Drill Results, Sheini Hills Iron Project, Ghana

Including Hole 9; 57 metres from surface, grading 45.7% Iron Hole 13; 122 metres from surface, grading 35.12% Iron Metallurgical testing in progress

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 25, 2012) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) announces receipt of additional drill results from Phase I drilling at the Company's Sheini Hills Iron Project, Ghana.

Results include the best intersection to date; SCD-009, 0 - 57 metres grading 45.7% iron. This is the first result returned from the northern portion of the drilled area. The thickest iron intersection to date has also been returned from SCD-013, which intersected ironstone from 0 -122 metres, grading 35.12% iron (including 17.4 metres from surface grading 43.55%).

PHASE I DRILL TESTING

SRK Consulting has been retained to calculate a maiden Resource Estimate, expected to be complete in Q4 2012. Phase I exploration at the Sheini Hills Iron project is targeting two main types of potential iron ore, both being haematite-dominated with negligible magnetite content:

Ironstone Ridges are being tested by approximately 9,000 metres of diamond drilling, of which 8,100 metres has been completed to date. A total of 59 diamond drill holes have been completed to date with results received for the first 14 drill holes.

In Phase I, ironstone ridges are being drilled over a strike length of 9 kilometres north-south and along section lines averaging approximately 600 metres east-west. Aggregate ironstone thickness to date ranges from 23.8 metres to 122.0 metres. Outcropping ironstones over an additional 9 kilometres of strike length have been targeted for future drill-testing.

Surface Ferricrete / Detrital Deposits will be tested by approximately 2,600 metres of reverse circulation drilling, of which 2,000 metres has been completed. No assay results have been received to date.

Drill testing of surface ferricretes will be completed over a mapped surface area of 20 square kilometres. Visual drill results to date indicate an average ferricrete thickness of 9.4 metres from surface. Ferricrete mapping indicates that an additional area of 16 square kilometres can be targeted for future drill testing.

To view Figure 1, visit the following link: http://media3.marketwire.com/docs/NR12_17_Figure1.jpg



To view Figure 2, visit the following link: http://media3.marketwire.com/docs/NR12_17_Figure2.jpg



To view Figure 3, visit the following link: http://media3.marketwire.com/docs/NR12_17_Figure3.jpg



To view Figure 4, visit the following link: http://media3.marketwire.com/docs/NR12_17_Figure4.jpg

METALLURGICAL TESTING

A sample of in-situ Ironstone has been shipped to SGS Laboratories in the UK and sample preparation has begun, under the supervision of SRK Consulting. The sample was taken from drill hole SCD-012 and the intersection sampled was from 57.7 metres to 147.35 metres. Assays returned 89.65 metres grading 35.1% Fe.

A second Ironstone sample (SCD-048; 0 to 125.5 metres) has been shipped to Cardero Iron Ore's metallurgical testing facility in South Carolina for additional testing. This drill hole intersected 125.5 metres of ironstone (apparent thickness) and no assay results have been received to date. A composite sample of Ferricrete has been taken from drill holes SCD-049 (0-10.3m) and SCD-050 (0-16.9m), which were specifically drilled to generate a ferricrete core sample for metallurgical testing. This sample will ship to SGS Laboratories in the coming days.

IRONSTONE RIDGES

Ironstone ridges are composed of two potential ore-types. Higher grade thinly banded ironstones are considered to be primary Rapitan-type ironstones although an epigenetic origin cannot be entirely ruled out. Associated diamictites, sediments of probable glacial origin, are thought to be epigenetic and partially replaced by haematite.

The grade of ironstone intersections returned to date is partially dependent on the relative proportions and thicknesses of two ironstone facies in each drill intersection. Drilling to date indicates a trend towards higher proportions of banded ironstones in the north, which may explain the higher grade intersected in drill hole SCD-009. Structural complexity is also important as it appears to upgrade iron content. The drill program has been targeting structurally complex areas to the north and assay results are anticipated in the coming weeks.

PERIPHERAL FERRICRETES

Detrital iron deposits are found where weathering has eroded bedded iron deposits and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges.

When rock units break down under the weathering process they are often affected by circulating groundwater under appropriate conditions typically form hard indurated zones such as ferricrete and laterite. At Sheini, drilling to date indicates that the ferricrete layer is averaging approximately 10 metres in thickness from surface.

The quality of the iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes.

QUALIFIED PERSON

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

QA/QC

The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control was further assured by the use of international and in-house standards. Blind certified reference material was inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.

ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of CARDERO RESOURCE CORP.

Michael Hunter, CEO and President

http://tmx.quotemedia.com/article.php?newsid=52997494&qm_sym…

[boersenbrieflemming]

Gerade gesehen - die July-Praesentation ist nun fertig.

http://www.cardero.com/i/pdf/ppt/Cardero-July-2012.pdf

Viel Coalhunter - als Projekt wird nur Carbon Creek beschrieben.

[boersenbrieflemming]

Haywood Securities initiates coverage on Cardero with a 12 month $2.50 target

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CD…

[gustel66]

.....und wann machen sich die ganzen Ergebnisse endlich am Kurs bemerkbar ???????
Da tut sich immer noch gar nichts!!!!

[ixilon]

IDI

July 30, 2012

Indico Announces Amendment to Private Placement

http://tmx.quotemedia.com/article.php?newsid=53119485&qm_sym…

[ixilon]

TV

July 31, 2012

Trevali Acquires 100% Ownership of the Ruttan Copper Deposit, Manitoba

http://tmx.quotemedia.com/article.php?newsid=53159830&qm_sym…

[boersenbrieflemming]

Cardero Receives Results of Airborne Magnetic Survey: Identifies Outcrop-Supported Exploration Potential Over 24 Kilometres Strike Length

VANCOUVER, BRITISH COLUMBIA, Jul 31, 2012 (MARKETWIRE via COMTEX) -- Cardero Resource Corp. ("Cardero" or the "Company") CA:CDU 0.00% (nyse amex:CDY)(nyse mkt:CDY)(frankfurt:CR5) announces receipt of airborne geophysical data from Geotech Airborne Limited ("Geotech"). Interpretation of the magnetic data has identified ironstone drill targets over 24 kilometres north-south, all of which are supported by outcropping ironstones identified during recent follow-up geological mapping. Definition of these targets is important since the ironstone ridges currently being drilled in Phase I cover a strike length of only 9 kilometres.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/CDU-0731-fig1.pdf .

Magnetic Data Interpretation

Mineralization in the ironstone is predominantly haematite and as such is only weakly magnetic. At these latitudes, close to the equator, magnetic anomalies are negative and appear as low green to blue colours (Figures 2, 3 and 4: http://media3.marketwire.com/docs/CDU-0731-figs2-3-4.pdf ).

In the Phase I drill area, topography is pronounced, varying from 150 metre plains to 465 metre ridges (Figures 2 and 4). In these areas ironstones are well exposed and were easily mapped and targeted for drilling. In the southern area of future drill targets (Figures 2 and 3), topography is much more subdued with less pronounced ridges and generally less ironstone outcrop.

Following interpretation of the magnetic data, regional mapping was undertaken to determine the level of outcrop support for the magnetic targets. Outcropping ironstone was found to be coincident with all geophysical targets (Figure 3). The density of outcrops in the southern area is less because of the limited extent of mapping and the generally flatter terrain. Additional mapping will be undertaken in the coming weeks.

Figures 3 and 4 are presented at the same scale allowing a comparison of the drilled and targeted areas. The drilled area comprises 9 kilometres in strike length, while the targeted area comprises 24 kilometres in strike length.

Geophysical Survey Specifications

The geophysical survey consisted of helicopter borne EM (a time-domain electromagnetic VTEMplus system with Z and X component measurements), horizontal magnetic gradiometer using two cesium magnetometers, and a 256 channel gamma ray spectrometer (RSI ARGS RSX-5).

A total of 3,349 line-km of geophysical data were acquired during the survey. The block was flown in a west to east (N 90 degrees E azimuth) direction with traverse line spacing of 200 metres. Tie lines were flown perpendicular to the traverse lines at a spacing of 2000 metres.

During the survey the helicopter was maintained at a mean altitude of 84 metres above the ground with an average survey speed of 80 km/hour. This allowed for an actual average EM bird terrain clearance of 47 metres and a magnetic sensor clearance of 60 metres.

Geophysical Interpretation

Interpretation of the geophysical dataset was undertaken by Brian Williams, a geophysical consultant with over 35 years worldwide exploration experience.

Mr. Williams worked closely with Cardero geologists on site to ensure that all targeted areas were supported by geological evidence on the ground, increasing the confidence levels in the anomalies identified.

Ironstone Ridges

Ironstone ridges are composed of two potential ore-types. Thinly banded ironstones are considered to be primary Rapitan-type ironstones although an epigenetic origin cannot be entirely ruled out. Associated diamictites, sediments of probable glacial origin, are thought to be epigenetic and partially replaced by haematite. Clasts in the diamictite are never replaced by haematite and account for the generally lower grade of ironstone with clasts. The banded ironstones rarely contain clasts and are generally higher grade.

The grade of ironstone intersections returned to date is partially dependent on the relative proportions and thicknesses of the two ironstone facies in each drill intersection. Drilling to date indicates a trend towards higher proportions of banded ironstones in the north, which may explain the higher grade intersected in drillhole SCD-009. Structural complexity is also important as it often upgrades iron content. The drill program has been targeting structurally complex areas to the north and assay results are anticipated in the coming weeks.

Peripheral Ferricretes

Detrital iron deposits are found where weathering has eroded bedded iron deposits and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges.

When rock units break down under the weathering process they are often affected by circulating groundwater. Under appropriate conditions they typically form hard indurated zones such as ferricrete and laterite. At Sheini, drilling to date indicates that the ferricrete layer averages approximately 10 metres in thickness from surface.

The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes.

Qualified Person

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

QA/QC

At the end of each survey day, the Geotech aircrew transferred the survey from a compact flash card (PCMCIA) to the data processing computer. The data were then uploaded via ftp to the Geotech office in Aurora for daily quality assurance and quality control by qualified personnel. As an additional step, Cardero employed Kuncho Kunchev, a consulting geophysicist, to review the data as it became available to ensure the survey was being flown within the contracted specifications. Finally, Brian Williams, Cardero's consulting geophysicist, reviewed all final delivered data prior to proceeding with the interpretation.

Quelle: http://www.marketwatch.com/story/cardero-receives-results-of…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.443.614 von boersenbrieflemming am 31.07.12 23:24:43

Nur meine bescheidene Meinung zu dieser Sheini-News. Sie dehnen ihre durch Drillings bereits bestaetigte Mineralisationannahmen von 9km auf 24km aus. Auch wenn das kein Kursbefluegler wird - wir rücken näher an ein potentielles Multimrd.-Projekt heran und haben eine Menge neuer Drill-Targets. Ich spekuliere darauf, dass wir demnächst höher Grade (siehe u.a 009) und besser Längen sehen werden. Aber gut.

[stockrush]

Dann sehen wir bald die 5 CAD ?

[Sstocktrader]

na mindestens!

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.446.495 von stockrush am 01.08.12 17:45:57

Ohne jetzt zuviel thermal -und coking coal durcheinander zu werfen:

China's met coal imports surged 175% in H1 2012

China Customs data released over the weekend showed the country's imports of coal in June jumped by 98% year-on-year to 27.2 million tonnes.

Coking coal rocketed by 94% to 6.5 million tonnes June compared to last year.

During the first half of 2012, China imported a total of 140 million tonnes which was 66% higher, boosted by an increase in coking coal imports of 175% year-on-year to 43.6 million.

In contrast, China's exports of coal slumped 18% during the first half compare to 2011.

http://seekingalpha.com/article/769771-coal-stocks-will-reco…

[boersenbrieflemming]

Hat konkret weniger mit Cardero zu tun, wohl aber mit den Rohstoffen - die Zahlen sind ganz interessant:

Scrap generation will never replace iron-ore and coking coal – steel major

http://www.miningweekly.com/article/scrap-generation-will-ne…

[boersenbrieflemming]

Hunting for Takeover Targets in Canada’s Peace River Coalfield ...

http://resourceinvestingnews.com/40823-hunting-for-takeover-…

---

Die neben CDU ebenfalls erwaehnte CAD laeuft seit Ewigkeiten in meiner WL mit. Es spricht aber nach meiner Meinung fuer CDU deutlich mehr ...

[boersenbrieflemming]

Den Artikel hatten wir noch nicht ...

CARDERO GHANA LIMITED WON SHEINI IRON ORE PROJECT ON MERIT ...

“It is interesting to note that Inland Mining Company have tried all means possible to malign and discredit Emmaland and Cardero Ghana Limited with vicious and malicious criminal and bribery unsubstantiated allegations.

“They have even gone to the extent of emailing the Royal Canadian Mounted Police (RCMP), a Canadian anti-corruption agency, with lies and treachery to the extent that the RCMP is in Ghana to investigate the allegations'', said, the General Manager of Cardero Ghana Limited, Mr T.V Musah, in an interview.

http://www.modernghana.com/news/407603/1/cardero-ghana-limit…

--

Endlich einmal ein knackiges Statement - aber die kennen manche WO -Ecke noch nicht. - schoene Zusammenfassung. Hier scheint nun das Pulver verschossen.

Eine kleine Stilblüte - hoffentliucb eine selbsterfuellende Prophezeiung:

"Cardero Resources Corporation founded in 1999 is one of the leading mining companies in the world which employs a culture of teamwork, innovation and integrity."

[Teffie]

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.458.413 von Teffie am 05.08.12 14:32:45

[boersenbrieflemming]

Slowing Global Steel Output Threatens Prices of Coal As Well As Earnings of Global Miners

"According to a Bloomberg survey participated in by seven analysts and industry officials, the contract prices of metallurgical coal could fall to as much as $200 a metric tonne in the three months to Dec. 31, an 11 per cent reduction, from $225 a metric tonne this quarter."

http://au.ibtimes.com/articles/371417/20120808/coal-steel-eu…

...

Das waere nicht dramatisch ... der Base Case der Carbon Creek PEA lag bei BASE$185/t

... die neue Praesentation fuer den August ist nun draussen - allerdings "nur" in chinesischer Sprache.

http://www.cardero.com/s/presentations.asp

[derschweizer]

Antwort auf Beitrag Nr.: 43.469.493 von boersenbrieflemming am 08.08.12 11:14:04

... die neue Praesentation fuer den August ist nun draussen - allerdings "nur" in chinesischer Sprache.

interessant, liest sich schlüssig

[boersenbrieflemming]

[ixilon]

KOR

Corvus Gold - Corporate Presentation - August 2012

http://www.corvusgold.com/_resources/presentations/KOR_PPT_A…

[boersenbrieflemming]

Cardero Announces Additional Drill Results from the Sheini Hills Iron Project, Ghana

VANCOUVER, BRITISH COLUMBIA, Aug 08, 2012 (MARKETWIRE via COMTEX) -- Cardero Resource Corp. CA:CDU -1.22% (nyse mkt:CDY) CDY -0.96% (frankfurt:CR5) -




Best intersections include:
Hole 15; 70.6 metres from surface, grading 38.1% Iron
Hole 17; 41.9 metres from surface, grading 39.1% Iron
Hole 18; 75.8 metres from surface, grading 37.9% Iron
Hole 20; 61.3 metres from surface, grading 38.5% Iron
Hole 28; 56.0 metres from surface, grading 38.8% Iron




Cardero Resource Corp. ("Cardero" or the "Company") announces receipt of additional drill results from Phase I drilling at the Company's Sheini Hills Iron Project, in north eastern Ghana.

Cardero continues to receive very positive drill results from the Sheini Hills Iron Project in Ghana. Results from an additional 16 drill holes have been delivered.

The best intersections from this batch are located on section 1009600N (To view Figures 1-5 please visit the following link: http://media3.marketwire.com/docs/CDU808F.pdf ) where three drill holes returned an apparent average thickness of 59.7 metres with a weighted average grade of 38.38% iron. On section 1008800N, apparent ironstone intersections are thicker, averaging 84.88 metres.

Results are presented in detail, by drill section, below:

          Table 1: DRILL SECTION 1009600N

        Drill hole             From (m)         To (m)  Thickness (m) Iron Grade (%)

        ----------------------------------------------------------------------------

        SCD017                      0.0            7.9            7.9           41.3

          and                      23.7           65.6           41.9           39.1

          incl.                    49.3           65.6           16.3           41.6

        SCD018                      0.0           75.8           75.8           37.9

        SCD020                      0.0           61.3           61.3           38.5

          incl.                     0.0           28.7           28.7           44.7

        ----------------------------------------------------------------------------

        Average thickness / hole(i)                              59.7

        Weighted average grade(i)                                               38.4

        All results now received for this drill section. (i)Weighted average

        thickness and grade is based on full intersections. High-grade surface

        ferricrete intersections in Hole SCD017 are also excluded as this is a

        different potential ore-type. Reported drill intercepts are based on

        apparent rather than true thickness as there is insufficient data with

        respect to the shape of the mineralization to calculate absolute true

        thickness.

                               Table 2: DRILL SECTION 1008800N

        Drill hole             From (m)         To (m)  Thickness (m) Iron Grade (%)

        ----------------------------------------------------------------------------

        SCD012                     57.7          147.4           89.7           35.1

        SCD013                      0.0          122.3          122.3           35.1

          incl.                     0.0           17.4           17.4           43.6

        SCD014                    143.0          200.0           57.0           30.7

          incl.                   155.0          176.2           21.2           36.6

        SCD015                      0.0           70.6           70.6           38.1

          incl.                    38.0           62.4           24.4           41.6

        SCD023                      0.0            7.2            7.2           39.0

        ----------------------------------------------------------------------------

        Average thickness / hole(i)                             84.88

        Weighted average grade(i)                                                 35

        Drill holes SCD012 to SCD014 were previously reported (news release NR12-

        17). (i)Weighted average thickness and grade is based on full intersections.

        High-grade surface ferricrete intersections in Hole SCD023 are also excluded

        as this is a different potential ore-type. Reported drill intercepts are

        based on apparent rather than true thickness as there is insufficient data

        with respect to the shape of the mineralization to calculate absolute true

        thickness.

                               Table 3: DRILL SECTION 1008000N

        Drill hole             From (m)         To (m)  Thickness (m) Iron Grade (%)

        ----------------------------------------------------------------------------

        SCD016                     43.1          103.2           60.1           34.6

        SCD019                      0.0            3.5            3.5           44.8

          and                      11.3           53.0           41.7           31.3

        SCD021                     49.9          148.0           98.1           30.6

          incl.                    53.0           59.4            6.4           37.8

          incl.                    67.3           72.4            5.1           40.4

        SCD024                                                pending

        SCD026                     10.0           96.5           86.5           31.4

          incl.                    10.0           30.0           20.0           36.4

          incl.                    81.2           93.7           12.5           35.6

        SCD028                      0.0           56.0           56.0           38.8

        SCD033                                                pending

        ----------------------------------------------------------------------------

        Average thickness / hole(i)                              68.5

        Weighted average grade(i)                                               32.9

        All results now received for this drill section. (i)Weighted average

        thickness and grade is based on full intersections. High-grade surface

        ferricrete intersections at the top of Hole SCD019 are also excluded as this

        is a different potential ore-type. Reported drill intercepts are based on

        apparent rather than true thickness as there is insufficient data with

        respect to the shape of the mineralization to calculate absolute true

        thickness.

                               Table 4: DRILL SECTION 1006400N

        Drill hole             From (m)         To (m)  Thickness (m) Iron Grade (%)

        ----------------------------------------------------------------------------

        SCD029                      0.0           32.2           32.2           37.9

          incl.                     0.0           17.3           17.3           42.3

        SCD031                      0.0           30.2           30.2           37.4

        SCD032                      0.0           29.2           29.2           38.8

        ----------------------------------------------------------------------------

        Average thickness / hole(i)                              30.5

        Weighted average grade(i)                                               38.1

        All results now received for this drill section. (i)Weighted average

        thickness and grade is based on full intersections. Reported drill

        intercepts are based on apparent rather than true thickness as there is

        insufficient data with respect to the shape of the mineralization to

        calculate absolute true thickness.

                               Table 5: DRILL SECTION 1010400N

        Drill hole             From (m)         To (m)  Thickness (m) Iron Grade (%)

        ----------------------------------------------------------------------------

        SCD025                                 no significant results

        ----------------------------------------------------------------------------

        

        

PHASE I DRILL TESTING

Phase I exploration at the Sheini Hills Iron project has been completed. The program targeted two main types of potential iron ore, ironstone ridges and surface ferricretes, both being haematite-dominated with negligible magnetite content:

Ironstone Ridges

Ironstone Ridges have been tested with 9,192.4m metres of diamond drilling. A total of 67 diamond drill holes have been completed with results received for the first 30 drill holes.

In Phase I, ironstone ridges were drilled over a strike length of 9 kilometres north-south and along section lines averaging approximately 600 metres east-west. Aggregate apparent ironstone thicknesses range from 23.8 metres in SCD032 (1006400N) to 122.3 metres in SCD013 (1008800N). Outcropping ironstones over an additional 9 kilometres of strike length have been targeted for future drill-testing.

The Ironstone ridges are composed of two potential ore-types. Higher grade thinly banded ironstones are considered to be primary Rapitan-type ironstones although an epigenetic origin cannot be entirely ruled out. Associated diamictites, sediments of probable glacial origin, are thought to be epigenetic and partially replaced by haematite.

The grade of ironstone intersections returned to date is partially dependent on the relative proportions and thicknesses of two ironstone facies in each drill intersection. Drilling to date indicates a trend towards higher proportions of banded ironstones in the north.

Peripheral Ferricretes

Surface Ferricrete/Detrital Deposits were tested with 1,923 metres of reverse circulation drilling. Assays will be published in separate news releases when results become available.

Drill testing of surface ferricretes covered a mapped surface area of 20 square kilometres. The ferricrete thickness ranges from 1 meter to 29 metres in thickness with an average ferricrete thickness of 9.2 metres from surface. Ferricrete mapping indicates that an additional area of 16 square kilometres can be targeted for future drill testing.

Detrital iron deposits are found where weathering has eroded bedded iron deposits and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.

The quality of the iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes.

RESOURCE ESTIMATE

SRK Consulting has been retained to complete an initial resource estimate. Now that Phase 1 exploration is complete this is underway with the maiden resource reporting anticipated for Q4 2012.

QUALIFIED PERSON

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

QA/QC

The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.

ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site ( www.cardero.com ), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov .

On Behalf of the Board of Directors of CARDERO RESOURCE CORP.

Michael Hunter, CEO and President



http://www.marketwatch.com/story/cardero-announces-additiona…
---
Es wird dicker.

[boersenbrieflemming]

Besonders interessant:

http://media3.marketwire.com/docs/CDU808F.pdf

[away]

Der Abwärtstrend ist ungebrochen. Achtung: Schaut auf die Bollinger Bands!

[gustel66]

Antwort auf Beitrag Nr.: 43.488.372 von away am 13.08.12 19:26:00

...der Kurs geht mir auch so auf die Nerven...

[away]

Ich setze auf weiter fallende Kurse bei Cardero. Wer kann mir einen klassischen Put-Optionsschein oder einen Knock Out PUT auf Cardero nennen?

[Stefan0310]

Du bist im falschen Cardero Thread gelandet, Shorties und Basher haben ihren eigenen. Glaube kaum dass es auf so unbedeutende Explorer Optionsscheine gibt also sei kein Feigling und geh ordentlich short.

Stefan

[boersenbrieflemming]

"Coal in spotlight: Symposium ends on high note
By BILL ARCHER
Bluefield Daily Telegraph

...

Eaves pointed out that the metallurgical coal market has been stable, and with growth in China, India, Vietnam and Indonesia, the need for U.S. mined steel-making coal should grow in the future. ..."


http://bdtonline.com/local/x257406972/Coal-in-spotlight-Symp…

[boersenbrieflemming]

Stocks on the Road to Greatness

"... Cardero has a major find of metallurgic coal in British Columbia and there is a definite shortage of that type of coal. Could be a buyout candidate, as we've already seen some of that going on in the coal sector.

Put Cardero Resources on your Watchlist, and let us know in the comments section below if you think this one-two punch of opportunity might pay off soon.

.... "



http://enstocks.blogspot.de/2012/08/stocks-on-road-to-greatn…

[ixilon]

BAR

Balmoral Intersects 273 g/t (8 oz/ton) Gold Over 3.88 Metres (12.7 Feet), Uncut, in New Discovery; Martiniere Property, Quebec

Includes 996 g/t (29 oz/ton) Gold Over 1.05 Metres (3.4 feet)

http://tmx.quotemedia.com/article.php?newsid=53585729&qm_sym…

[ixilon]

TV

August 15, 2012

Trevali Arranges $10-Million Bridge Credit Facility

http://tmx.quotemedia.com/article.php?newsid=53559796&qm_sym…

[ixilon]

IDI

Aug. 15, 2012

Indico Appoints New Director

http://tmx.quotemedia.com/article.php?newsid=53558582&qm_sym…

[boersenbrieflemming]

Davon ein paar tage mehr ...

0.85 CAD +0.05 6.3% 63.5k

[boersenbrieflemming]

"Coal shares down on lower steel coal price talk...

The industry newsletter Inside Coal said suppliers were preparing for the quarterly global benchmark price - agreed between major Asian steelmakers and coal suppliers - to settle at around $185 per tonne, below the previous level of $225.

UBS Securities said a poll of clients put the average expected price at about $191 per tonne because of weaker demand for steel in Asia and increasing supplies of metallurgical coal from Australia. ... "

http://in.reuters.com/article/2012/08/15/us-coal-shares-idIN…

--

Byron ist vor einem Jahr von 170 USD/t ausgegangen (Price Target:2,50 USD/Share) - ich meine in der PEA war das Base Case Scenario 180 USD/t.

[boersenbrieflemming]

Die aktuelle Sheini-Praesentation ist nun eingestellt worden:



http://www.cardero.com/i/pdf/Cardero-Sheini-Hills-Aug16-2012…

[boersenbrieflemming]

Labrador company eyeing 'iron sands' mining project

" ... Cardero Resources Corp. is one of the players trying to figure out if iron sands can become a viable mining operation. The process is very different from oilsands extraction. ..."

http://www.cbc.ca/news/canada/newfoundland-labrador/story/20…

[boersenbrieflemming]

Danke fuer den Fund. Eine nette Unternehmendarstellung mit den Hauptakteuren.

[boersenbrieflemming]

PLOT TO SCANDALIZE EMMALAND RESOURCES BACKFIRES …As One Rival Company Exposed

"... stories with malicious intent to discredit Emmaland and Cadero to their parochial interest denying hundreds of Ghanaian youth job opportunity. ..."

"Meanwhile, further checks exposed that this same company has published some malicious stories on some websites labeling Emmaland Resources as corrupt and influencing public officials regarding the Sheini concession. "

http://www.modernghana.com/news/411920/1/plot-to-scandalize-…

Das kennt man ja zu genüge.

Die Sache hat sich also erledigt. Interessant war der Hinweis auf die ungenannte chinesische Company. Ich habe nichts dagegen, wenn die Chinesen Sheini-Lizenzen kaufen.

Das hat schon einmal mit Erfolg bei Pampa de Pongo funktioniert.

[gustel66]

Zitat von boersenbrieflemming: Danke fuer den Fund. Eine nette Unternehmendarstellung mit den Hauptakteuren.

Super Präsentation. Wenn ich das Unternehmen nicht kennen würde und nur mir nur die Präsentation ansehen würde, würde auf einen Kurs "zig fach höher als heute" schliessen.....

[Stefan0310]

Zitat von boersenbrieflemming: Die Sache hat sich also erledigt.

Glaubst Du alles was in der Zeitung steht? Für mich hat sich die Sache erst erledigt wenn es ein offizielles Statement von CDU gibt, was die Untersuchungen der RCMP ergeben haben.

Stefan

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.515.321 von Stefan0310 am 21.08.12 11:42:54

Das bezog sich auf die üble Nachrede in Blogs, bei WO und so weiter - nicht auf die RCMP-Geschichte. Hier gehe ich aber auch davon aus, das da nichts dran ist. Siehe den vorherigen Artikel.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.515.263 von gustel66 am 21.08.12 11:30:39

Super Präsentation.

Ein paar Schwaechen hatte sie - ist aber besser als das Meiste was man zu sehen bekommt und hier sieht man zudem dann auch die Akteure.

[Illex08]

Antwort auf Beitrag Nr.: 43.516.169 von boersenbrieflemming am 21.08.12 14:46:54

jep.

es war jedoch schön zu sehen, wie sie stück für stück bisher abgearbeitet haben.
bleibt erst mal zu hoffen, dass die erste 43-101 auch pünktlich erscheint.

illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.518.078 von Illex08 am 21.08.12 21:15:49

Ich hatte bei Sheini ja auch deutlich untertrieben, als ich von 27km Exploration schrieb - es sind ja nun sogar 35km.

http://www.cardero.com/i/pdf/Cardero-Sheini-Hills-Aug16-2012…

Das Phase II wird hochspannend - hier kann man wohl einiges erwarten.

[boersenbrieflemming]

Im Uebrigen findet das die Presse u.a. in Ghana auch - gerade aktuell:

Sheini Hills Iron ore exploration yields positive results‎

http://www.ghananewsagency.org/details/Science/Sheini-Hills-…

[Illex08]

Antwort auf Beitrag Nr.: 43.518.399 von boersenbrieflemming am 21.08.12 22:28:00

die presse wird es noch besser finden,wenn die pending news zu den drillholes
scd 36, 39 und 40 kommen.

da gibts dann richtige längen bei graden > 40 % fe.

bin auch schon gespannt...

illex

[Illex08]

Antwort auf Beitrag Nr.: 43.518.627 von Illex08 am 21.08.12 23:51:06

ups... korrigiere auf scd 45

[gustel66]

Zitat von Illex08: die presse wird es noch besser finden,wenn die pending news zu den drillholes
scd 36, 39 und 40 kommen.

da gibts dann richtige längen bei graden > 40 % fe.

bin auch schon gespannt...

illex

...wann werden diese erwartet?
Danke

[Illex08]

Antwort auf Beitrag Nr.: 43.518.862 von gustel66 am 22.08.12 07:55:46

die frage kann ich dir leider nicht genau beantworten.

schau dir die news vom 25.07. auf der hp an.
bild 3 umschreibt das vorhaben der zone 103600n

hier sind die bisher höchsten grade erbohrt worden,
rund 1 dutzend löcher bereits gebohrt sowie weitere
bohrlöcher geplant.

es kommt immer darauf an, in welcher reihenfolge die
proben eingeschickt werden.

geschätzte dauer einer probeauswertung sind ca. 6 wochen.

die news mit bohrergebnissen v. 8. august folgte der vom 25. juli.
es könnte daher vielleicht schon recht schnell weitergehen mit news.

ich würde deswegen jedoch nancy nicht unbeding anschreiben wollen
und warte einfach ab, weil vor der 43-101 im 4. quartal noch eine ganze
reihe von bohrergebnissen anstehen.

illex

[kentucky_oil]

ich denke der Sumpf um Sheini Hills ist fast schon trockengelegt und wir koennen uns in 2 Monaten auf positive News freuen.

Michael Hunter ist ein guter Mann mit Handschlagsqualitaet. Frage ob er die Finanzierung fuer Carbon Creek ohne massive Verwaesserung aufstellen kann wird sich bis Dezember wohl herausstellen.

Ohne Scheini Hills ist die Aktie alleine mit Carbon Creek mit CAD 2.38/EUR 1.95 zu bewerten. Die restlichen Anteile bewerte ich lediglich mit dem direkten Boersenkurs, bzw. Minnesota mit EUR 0.
Das Marktumfeld ist weiterhin irrational, aber mit dem muessen wir noch lange Zeit leben.

Sheini Hills habe ich noch nicht bewertet, da fehlt mir zwar nicht die Fantasie, aber die Peer-Group-Gewichtung fuer FE ~40% (in Ground).

27.09 wird spannend: Kurs EUR 1.52 ;-)

[Illex08]

Antwort auf Beitrag Nr.: 43.520.221 von kentucky_oil am 22.08.12 12:51:52

ich denke der Sumpf um Sheini Hills ist fast schon trockengelegt und wir koennen uns in 2 Monaten auf positive News freuen.

Sehe ich genauso.

Die Bewertung ist eh irreal im Moment sodaß ich jetzt außerhalb der Ferienzeit auf die Bohrergebnisse aus der umschriebenen Zone setzte.
Sieht man sich Figure 4 aus der News auf der HP in Verbindung mit Figure 3 einmal etwas genauer an, dann weiß man warum.

Die Resource sollte schon im 7 stelligen Bereich liegen nach all den getätigten Aussagen.

Illex

[Illex08]

Antwort auf Beitrag Nr.: 43.521.571 von Illex08 am 22.08.12 17:30:20

Ich meine natürlich die News v. 25.7. zu Sheini Hills.

[boersenbrieflemming]

Ich erwarte bezueglich Sheini auch noch einiges mehr - aber im Moment macht die Dicke einen guten Job.

0.90 CAD +0.05 5.9% 53.9k
--
@kentucky_oil

Ich bin auch gespannt, welche und wann deutliche(n) Signale zur Finanzierung von Carbon Creek ausgesendet werden. Bei Sheini sollten die ehemals konkurrierenden Chinesen nun einmal kraeftig (mit)bieten. ;-)

[stockrush]

Bei Sheini erwarte ich erstmal, dass die Sache mit der RCMP vom Tisch kommt.

Bei Sheini sollten die ehemals konkurrierenden Chinesen nun einmal kraeftig (mit)bieten. ;-)


So wie bei PdP ?! Ich kann über solche ironischen Bemerkungen leider nicht mehr lachen. Cardero hat dafür in der Vergangenheit zu großspurig das Wort 'shareholder value' in den Mund genommen.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.523.462 von stockrush am 23.08.12 07:48:47

So wie bei PdP

Das war schon ziemlich gut. Ungefaehr eine Verzehnfachung ... ich bin aber auch gespannt, was mit Sheini passiert.

[stockrush]

Antwort auf Beitrag Nr.: 43.524.016 von boersenbrieflemming am 23.08.12 09:55:25

Schon recht. Hat sich der Aktienkurs ähnlich gut entwickelt ?! Der Markt hat andere Erwartungen bzgl. des Verkaufs gehabt damals. Mir würde es auch Mal gefallen, wenn sich der AKTIENKURS vervielfachen würde! Das ist der Grund, warum ich in Aktien und im besonderen in Cardero investiert bin.

[boersenbrieflemming]

Cardero Announces Multiple High-Grade Iron Intersections, Sheini Hills Iron Project, Ghana
Ticker Symbol: C:CDU U:CDY X:FRANKFURT:CR5

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 08/23/12

Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) announces receipt of multiple high-grade drill results from Phase I drilling at the Company's Sheini Hills Iron Project in northeastern Ghana. New drill results from 6 holes in the northern portion of the drill area have returned high-grade iron intersected from surface to depths of up to 278 metres.

Highlights include Hole 039, which returned 278 metres grading 43.2% iron from surface, including 10.7 metres grading 50.6% iron from surface. Hole 043, located 3.2 kilometres to the south, intersected 166.2 metres grading 37.7% iron from surface, including 107.1 metres grading 42.4% iron from surface. These drill holes are located in folded and faulted zones, supporting the interpretation of higher-grade iron concentrations coincident with structural complexity. In addition, structural thickening in these zones will provide additional in-situ tonnage for the maiden resource calculation, due to be published in Q4 2012.

Results are presented in detail, by drill section, below:

To view Figure 1, visit the following link: http://media3.marketwire.com/docs/Image1CDUNR1220.jpg

 Table 1: DRILL SECTION 1013600N                      

                                                                            

Drill hole               From (m)     To (m)   Thickness (m)  Iron Grade (%)

----------------------------------------------------------------------------

SCD009                        0.0       57.0            57.0            45.7

SCD036                      172.0      217.0            45.0            39.5

SCD039                        0.0      278.8           278.8            43.2

incl.                         0.0       10.7            10.7            50.6

incl.                        28.0       51.0            23.0            49.6

SCD045                                       results pending                

----------------------------------------------------------------------------

Average thickness / hole (i)                           126.9                

Weighted average grade(i)                                               43.1

Drill hole SCD009 previously reported (NR12-17). (i) Weighted average       

thickness and grade is based on full intersections. Reported drill          

intercepts are based on apparent rather than true thickness as there is     

insufficient data with respect to the shape of the mineralization to        

calculate absolute true thickness.                                          



To view Figure 2, visit the following link: http://media3.marketwire.com/docs/Image2CDUNR1220.jpg





                       Table 2: DRILL SECTION 1011200N                      

                                                                            

Drill hole               From (m)     To (m)   Thickness (m)  Iron Grade (%)

----------------------------------------------------------------------------

SCD035                        0.0       75.2            75.2            35.1

incl.                         0.0       53.2            53.2            38.2

SCD037                                       results pending                

SCD040                                       results pending                

SCD042                                       results pending                

----------------------------------------------------------------------------

Average thickness / hole (i)                            75.2                

Weighted average grade(i)                                               35.1

(i) Weighted average thickness and grade is based on full intersections.    

Reported drill intercepts are based on apparent rather than true thickness  

as there is insufficient data with respect to the shape of the              

mineralization to calculate absolute true thickness.                        



To view Figure 3, visit the following link: http://media3.marketwire.com/docs/Image3CDUNR1220.jpg





                       Table 3: DRILL SECTION 1010400N                      

                                                                            

Drill hole               From (m)     To (m)   Thickness (m)  Iron Grade (%)

----------------------------------------------------------------------------

SCD025                                no significant results                

SCD027                                           not assayed                

SCD030                                           not assayed                

SCD034                                           not assayed                

SCD038                                           not assayed                

SCD041                                           not assayed                

SCD043                        0.0      166.2           166.2            37.7

incl.                         0.0      107.1           107.1            42.4

----------------------------------------------------------------------------

Average thickness / hole (i)                           166.2                

Weighted average grade(i)                                               37.7

All results now reported for this drill section. Drill hole SCD025          

previously reported (NR12-19). (i) Weighted average thickness and grade is  

based on full intersections. Reported drill intercepts are based on apparent

rather than true thickness as there is insufficient data with respect to the

shape of the mineralization to calculate absolute true thickness.           



To view Figure 4, visit the following link: http://media3.marketwire.com/docs/Image4CDUNR1220.jpg





                       Table 4: DRILL SECTION 1008000N                      

                                                                            

Drill hole               From (m)     To (m)   Thickness (m)  Iron Grade (%)

----------------------------------------------------------------------------

SCD016                       43.1      103.2            60.1            34.6

SCD019                        0.0        3.5             3.5            44.8

and                          11.3       53.0            41.7            31.3

SCD021                       49.9      148.0            98.1            30.6

incl.                        53.0       59.4             6.4            37.8

incl.                        67.3       72.4             5.1            40.4

SCD024                        0.0        4.3             4.3            48.6

and                          60.3      109.9            49.6            39.9

SCD026                       10.0       96.5            86.5            31.4

incl.                        10.0       30.0            20.0            36.4

incl.                        81.2       93.7            12.5            35.6

SCD028                        0.0       56.0            56.0            38.8

SCD033                       10.0       59.5            49.5            37.2

----------------------------------------------------------------------------

Average thickness / hole (i)                            63.1                

Weighted average grade(i)                                               34.2

All results now reported for this drill section. Drill hole SCD016, SCD019, 

SCD021, SCD026, SCD028 previously reported (NR12-19). (i) Weighted average  

thickness and grade is based on full intersections. High-grade surface      

ferricrete intersections in Hole SCD019 and SCD024 are also excluded as this

is a different potential ore-type. Reported drill intercepts are based on   

apparent rather than true thickness as there is insufficient data with      

respect to the shape of the mineralization to calculate absolute true       

thickness.                                                                  

PHASE I DRILL TESTING

Phase I exploration at the Sheini Hills Iron project has now been completed. The program targeted two main types of potential iron ore, ironstone ridges and surface ferricretes, both being haematite-dominated with negligible magnetite content.

Ironstone Ridges have been tested with 9192.4 metres of diamond drilling. A total of 67 diamond drill holes have been completed to date with results received for the first 30 drill holes.

In Phase I, ironstone ridges were drilled over a strike length of 9 kilometres north-south and along section lines averaging approximately 600 metres east-west. Aggregate apparent ironstone thicknesses range from 3.8 metres in SCD032 to 278 metres in SCD039. Outcropping ironstones over an additional 24 kilometres of strike length have been targeted for future drill-testing.

The Ironstone ridges are composed of two potential ore-types. Higher grade thinly banded ironstones are considered to be primary Rapitan-type ironstones although an epigenetic origin cannot be entirely ruled out. Associated diamictites, sediments of probable glacial origin, are thought to be epigenetic and partially replaced by haematite.

Surface Ferricrete/Detrital Deposits were tested with 1923 metres of reverse circulation drilling.

Detrital iron deposits are found where weathering has eroded bedded iron deposits and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.

The quality of the iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes.

RESOURCE ESTIMATE

SRK Consulting has been retained to complete an initial resource estimate. Now that Phase 1 exploration is complete this is underway, with the maiden resource reporting anticipated for Q4 2012.

To view Figure 5, visit the following link: http://media3.marketwire.com/docs/Image5CDUNR1220.jpg

QUALIFIED PERSON

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

QA/QC

The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.

ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of CARDERO RESOURCE CORP.

Michael Hunter, CEO and President

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward- looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing for and completion of a resource estimate for a portion of the Sheini deposit, the ultimate nature and required expenditures of the work programs under the prospecting licenses; business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market for, and pricing of, any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's 2012 Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 40-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR12-20

Contacts:
Cardero Resource Corp.
Nancy Curry
Corporate Communications
Direct Tel: [phone]

Cardero Resource Corp.
General Contact
Toll Free: 1-888-770-7488 or 604 408-7488
604 408-7499 (FAX)
[e-mail]
www.cardero.com

---

Da faengt es langsam an Spass zu machen.

[Illex08]

Antwort auf Beitrag Nr.: 43.521.571 von Illex08 am 22.08.12 17:30:20

Und jetzt sehe ich Länge und (die bisher besten) Grade...


August 23, 2012
Cardero Announces Multiple High-Grade Iron Intersections, Sheini Hills Iron Project, Ghana

View PDF

Highlights include:
Hole 39: 278 metres from surface, grading 43.2% Iron
Hole 43: 107.1 metres from surface, grading 42.4% Iron

Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces receipt of multiple high-grade drill results from Phase I drilling at the Company's Sheini Hills Iron Project in northeastern Ghana. New drill results from 6 holes in the northern portion of the drill area have returned high-grade iron intersected from surface to depths of up to 278 metres.

Highlights include Hole 039, which returned 278 metres grading 43.2% iron from surface, including 10.7 metres grading 50.6% iron from surface. Hole 043, located 3.2 kilometres to the south, intersected 166.2 metres grading 37.7% iron from surface, including 107.1 metres grading 42.4% iron from surface. These drill holes are located in folded and faulted zones, supporting the interpretation of higher-grade iron concentrations coincident with structural complexity. In addition, structural thickening in these zones will provide additional in-situ tonnage for the maiden resource calculation, due to be published in Q4 2012.

http://www.cardero.com/s/news_releases.asp?ReportID=543528

Illex

[Illex08]

Antwort auf Beitrag Nr.: 43.527.797 von boersenbrieflemming am 23.08.12 23:36:23

Du warst 14 (!) Sekunden schneller...

Wird Zeit, dass ich endlich wieder mit rechts tippen kann.

[Illex08]

Antwort auf Beitrag Nr.: 43.527.797 von boersenbrieflemming am 23.08.12 23:36:23

Da faengt es langsam an Spass zu machen.

Du wirst noch mehr Spaß bekommen, weil noch einige Ergebnisse fehlen.

Ich hatte vor einigen Tagen angefangen, die News v. 25.7. genauer zu inspizieren.

Von daher war klar, dass nun auch einmal Längen von 280 m kommen.

Schaut man sich nun einmal die bunte Figure 5 an, kann man Folgendes erkennen:

Alle Bohrergebnisse der heutigen News sind fett unterlegt.

Von Süd nach Nord sind dies die Zonen

1008000 N
1010400 N
1011200 N
sowie die Top Zone
1003600 N

Da sämtliche grünen Punkteketten für eine Zone stehen sollte klar sein,
dass mindestens noch 2 Zonen mit BE ausstehen, die zwischen der 1011200N
und der TOP Zone liegen.

Ich freu mich drauf, weil hier weiter zügig gearbeitet wird.

Behalten Sie ihren Rythmus bei, gibts in 14 Tagen die nächsten Ergebnisse.

Illex

[stockrush]

Der newsflow ist gut. Es wäre schön, wenn sich das auch signifikant auf den Aktienkurs auswirkte. Aber jemand hier hat ja das leidige Thema Verwässerung in Bezug auf Carbon Creek erwähnt. Wer weiß was uns von der Seite noch blüht.

Bei Dejour Energy mache ich das mit der Verwässerung auch gerade mit. Selbst wen Mal gute news kommen, fängt man immer wieder sich von unten an zu freuen und das Minus wird doch immer größer oder man erreicht seinen breakeven wenn man vorher nicht wie wild verbilligt hat.

Na ja, wir hoffen das Beste....wie schon seit vielen Jahren.


stockrush

[gustel66]

..ich will auch endlich mal signifikante Kursänderungen (und zwar in die positive Richtung) sehen. Auch ich warte schon seit vielen Jahren....

[Illex08]

Antwort auf Beitrag Nr.: 43.528.372 von gustel66 am 24.08.12 09:10:48

Das wollen wir doch alle.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.524.242 von stockrush am 23.08.12 10:39:02

"würde es auch Mal gefallen, wenn sich der AKTIENKURS vervielfachen würde!"

Ich mich auch, bisher ist der Markt zur Dicken gnaedig gewesen, wenn ich nur einmal einen Blick auf den US Coal-Index werfe, damit wird mir deutlich uebellauniger. Was wir jetzt braeuchten waere eine zeitgleiche Uebernahme Spekulation von Carbon Creek und Sheini.

Spass beiseite - ich sehe hier immer nooch ueberwiegende Chancen ...

[boersenbrieflemming]

Ich fand die Zahlen ganz interessant:

Chinese coal imports dropped by 10.7pct MoM in July 2012
34 times viewed. Saturday, 25 Aug 2012




China's General Administration of Customs has released the country's imports of main coal varieties in July 2012. Total imports, including lignite, reached 24.27 million tonnes in July 2012, declining by 10.7% MoM, but up by 14.2% YoY.

Of the total, thermal coal covered 9.98 million tonnes, climbing 16.7% MoM and skyrocketing 94.6% YoY; coking coal 3.93 million tonnes, slumping 39.4% MoM and down by 3.2% YoY; lignite 4.05 million tonnes, down by 13.1% MoM but up by 9.4% YoY and anthracite 2.43 million tonnes, down by 25.9% MoM and by 33.2% YoY.

In the January to July 2012 period, China imported 164.12 million tonnes coal, surging by 55.5% YoY, with 53.62 million tonnes of thermal coal, 31.57 million tonnes of coking coal, 31.00 million tonnes of lignite and 21.39 million tonnes of anthracite, up 155.9% YoY, 36% YoY, 73.8% YoY and 4.0% YoY, respectively.

Source - www.sxcoal.com

http://www.steelguru.com/raw_material_news/Chinese_coal_impo…

[boersenbrieflemming]

Fortescue remains confident on China as H2 profit rises
Australia's no.3 iron ore miner has put on a brave face, saying it remains confident China's demand for the material will improve later this year as steel output rises.

http://www.mineweb.com/mineweb/view/mineweb/en/page39?oid=15…

[boersenbrieflemming]

Ein Zufallsfund, ich hatte eigentlich etwas anderes nicht auf Cardero bezogenes gesucht. Hin und wieder blaettere ich auch so durch die afrikanischen Newsportale.

Ghana: Court Refused to Grant Request of Mining Co

http://allafrica.com/stories/201207301240.html
--

Der Artikel ist schon rund einen Monat alt - wir hatten ihn hier aber noch nicht, zudem wird im Basher -und Shorterthread mehrfach der angebliche "Prozess" von einzelnen Usern (aktuell zu den BE) aufgewaermt - zuletzt am 19. August. Vielleicht traegt der Artikel dazu bei das Thema nun abzuhaken und etwas Ruhe da reinzubringen.

Woher die Schutz -und Luegenkampagnekampagne stammte (und wer die vermutlich bezahlte), das Thema hatten wir ja schon bereits.

BL

[boersenbrieflemming]

Kam per E-Mail rein .. aus der Wochenendausgabe des Handelsblattes..."China plant Mega-Konjunkturschub"


http://www.handelsblatt.com/politik/international/stuetzmass…

Das wirkt sich dann auch auf die Rohstoffe Eisen und Kohle (met coal) aus.

[Kraxler]

Antwort auf Beitrag Nr.: 43.535.586 von boersenbrieflemming am 26.08.12 23:46:59

Quelle: http://digitaljournal/pr/854185


Cardero Announces Positive Initial Results From Ferricrete Reverse Circulation Drilling, Sheini Hills Iron Project, Ghana
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - Cardero Resource Corp. (TSX:CDU)(NYSE MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) -
Best intersections include:
RC Hole 22; 6 metres from surface, grading 48.93% Iron
RC Hole 23; 7 metres from surface, grading 46.02% Iron
RC Hole 24; 6 metres from surface, grading 40.73% Iron
RC Hole 19; 3 metres from surface, grading 40.68% Iron
RC Hole 17; 4 metres from surface, grading 40.05% Iron
Cardero Resource Corp. ("Cardero" or the "Company") announces receipt of initial reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana.
In addition to the drilling of haematite ironstones, surface Ferricrete/Detrital Deposits have been tested with 127 short drill holes (1,923 metres) of reverse circulation drilling. Cardero has received assay results from 33 reverse circulation holes located in 3 of the 8 Ferricrete fields drill-tested (Figure 1, Table 1). The ferricrete in these 3 fields ranges from 1m to 18m in thickness.
Detrital iron deposits are found where weathering has eroded bedded ironstones and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater and under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.
The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes. By definition, all of the ferricrete deposits occur at surface with no overburden providing a zero strip ratio if future mining is considered feasible.
/T/
Table 1: Ferricrete Iron Results by Drill Hole(i)
Drill hole Ferricrete Field From (m) To (m) Thickness (m) Iron Grade %
----------------------------------------------------------------------------
SRC002 1 0 17 17 27.44
SRC003 1 0 7 7 38.16
SRC004 1 0 18 18 23.70
SRC005 1 0 17 17 30.60
SRC006 1 0 6 6 32.29
SRC007 1 0 13 13 27.70
SRC008 1 0 8 8 23.96
SRC009 1 0 10 10 26.71
SRC010 1 0 3 3 38.20
SRC011 1 0 4 4 35.10
SRC012 1 0 12 12 34.42
SRC013 1 0 3 3 38.79
SRC014 1 0 12 12 33.88
SRC015 1 0 4 4 23.40
SRC022 1 0 6 6 48.93
SRC023 1 0 7 7 46.02
SRC024 1 0 6 6 40.73
SRC025 1 0 5 5 38.58
SRC026 1 0 7 7 28.75
----------------------------------------------------------------------------
SRC016 2 0 1 1 17.77
SRC017 2 0 4 4 40.05
SRC018 2 0 5 5 39.24
SRC019 2 0 3 3 40.68
SRC020 2 0 5 5 36.13
SRC021 2 0 5 5 32.52
SRC027 2 0 8 8 34.50
SRC028 2 0 4 4 36.04
SRC029 2 0 8 8 32.85
SRC030 2 0 11 11 38.22
SRC031 2 0 11 11 38.41
----------------------------------------------------------------------------
SRC032 3 0 3 3 24.13
SRC033 3 0 2 2 26.13
SRC034 3 0 6 6 23.42
----------------------------------------------------------------------------
(i) All holes are drilled vertically. Ferricretes are recent, sub-horizontal
detrital deposits and intersections presented here are considered true
thicknesses.
/T/
To view Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/cdu827i.pdf
RESOURCE ESTIMATE
SRK Consulting has been retained to complete an initial resource estimate. Now that Phase 1 exploration is complete this is underway with the maiden resource reporting anticipated for Q4 2012...
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
NR12-21

Read more: http://digitaljournal.com/pr/854185#ixzz24kDEkY3k

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.537.136 von Kraxler am 27.08.12 13:21:23

Figure 1: Maps showing Sheini Property (left) and the Phase I drill program focused in north-central area (right). The drill program focused on diamond drilling of ironstone ridges as well as reverse circulation drilling of surface iron / ferricrete. Locations of Ferricrete Fields 1, 2 and 3 are labeled.

[boersenbrieflemming]

Ein kleiner BB-Beitrag:

MIDNIGHT TRADER
Today’s small-cap stocks to watch ...

Cardero Resource Corp. announced the receipt of initial reverse circulation drill results from Phase I Ferricrete drilling at the company’s Sheini Hills Iron Project in northeastern Ghana. The company has received assay results from 33 reverse circulation holes located in three of the eight Ferricrete fields drill tested.

http://www.theglobeandmail.com/globe-investor/investment-ide…
--
Und dann noch ein beachtenswerter Satz aus der Periperhie des Sheini Deposits:


"By definition, all of the ferricrete deposits occur at surface with no overburden providing a zero strip ratio if future mining is considered feasible."

Man kann es einfach aufsammeln. ;-)

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.518.627 von Illex08 am 21.08.12 23:51:06

@illex

"die presse wird es noch besser finden,wenn die pending news zu den drillholes
scd 36, 39 und 40 kommen."

Schon ein ziemlicher Vollstreffer von Dir - so langsam kann man anfangen zu rechnen.



SCD039 0.0 278.8 278.8 43.2

Einige Ergebnisse stehen ja noch aus.

[boersenbrieflemming]

.und ... dann kommen wir heute einmal zum erfreulichen Schluss:

0.88 CAD +0.06 +7.3%v 28.8k

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.539.447 von boersenbrieflemming am 27.08.12 22:04:46

CDY: 0.89 USD +0.0404 +4.8% 80.1k

Korrektur SK CDU: Volumen bei 35.3k und nicht 28.8k - siehe stockwatch.com.

[Illex08]

Antwort auf Beitrag Nr.: 43.539.426 von boersenbrieflemming am 27.08.12 22:00:55

Ich hatte ja bereits erwähnt, dass ich aufgrund der News mit der entsprechenden Darstellung auf dieses Ergebnis gewartet hatte.
Das Drillhole 39 war mit dem Vermerk "pending" versehen und wenn man bie Länge des ersten berechneten Loches mit knapp 60 m maßstabsgetreu überträgt auf die Bohrlänge von Drillhole 39 kommt man halt auf die rund 280 m.

Einige Ergebnisse stehen ja noch aus.


Wir brauchen diese Ergebnisse auch noch,
da die Resource über die normalen Bohrlöcher bisher nicht das angenommene Volumen haben wird.

Die heutigen RC Löcher bringen uns m.E. rund 70 Mio t für die Resourse, da die
Dicke lediglich zwischen 1 und 18 m liegt.
Vielleicht kommen (geschätzt) nochmal 50 Mio t über die verbliebenen RC Löcher ( die sind Lila gekennzeichnet ) dazu.
Bei den Ironstone Drillholes ( die mit den grünen Punkten) komme ich mit einer laienhaften Berechnung so ungefähr auf 550 Mio t bisher.

Hier fehlen jedoch noch (mindestens) 2 sog. Drill Sektions, damit über die Flächenberechnung noch eine 3 stellige Millionenzahl dazu kommt.

Ich lehne mich einmal mutig aus dem Fenster und sage, das wir, ähnliche BE in der TOP Zone vorausgesetzt, vielleicht auf 800 Mio t zu rund 35-38 % FE kommen zuzüglich der RC Daten.

Somit blieben wir mit 900 - 950 Mio t in der ersten Drillphase in etwa auf PDP Niveau mit der ersten Resource.

Hierbei habe ich die 2-3 Löcher ganz oben über der TOP Zone nicht mit einbezogen.

Ich lasse mich gern jedoch eines Besseren belehren, falls ich einen Denkfehler begangen habe.

Aufgrund der Vielzahl der systematisch angeordneten Löcher sollte hier m.E. eine höherwertigere Anzeige als "inferred" möglich sein.

Illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.539.767 von Illex08 am 27.08.12 23:39:18

Und es verbleibt noch ausreichend Potential (Ferricrete-Drilling mal aussen vor*):




* Hier wird sich noch zeigen, ob es zu mehr als nur dem Strassenbau eingesetzt werden kann (ich gehe bei den FE-Anteilen aber davon aus) - bis zu 18m sind dafuer schon eine sehr beachtliche Dicke.

[boersenbrieflemming]

Looking more closely at the metallurgical coal market, Goldman Sachs has lifted its long-term price forecast by 21% to US$200 per tonne to reflect supply/demand and cost inflation trends. This compares to an estimated average cost of production in Australia of US$150 per tonne.

http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=6B5F03…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.540.248 von boersenbrieflemming am 28.08.12 09:07:00

Carbon Creek PEA: 185 USD/t
Byrons: 170 USD/t (ab Produktion) - Target Price: $2.50

[ixilon]

KZX

KazaX Minerals Inc. Update From Annual General Meeting and Announces Appointment of New Director
Mehr:http://tmx.quotemedia.com/article.php?newsid=53842506&qm_sym…

Homepage jetzt mit Inhalt:
http://www.kazaxmineralsinc.com/s/home.asp

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.544.131 von ixilon am 28.08.12 23:02:47

Homepage jetzt mit Inhalt:

Sie hat sich ja auch kurstechnisch recht gut gefangen.

[boersenbrieflemming]

Metallurgical coal won’t rebound in 2013, according to BB&T’s Levin, Prices will average $210 next year, up 9 percent from yesterday’s price, while thermal coal will be $70, a 20 percent increase from current prices, he said in an Aug. 14 note.
If metallurgical coal averages less than $200 next year and thermal doesn’t “explode to the upside,” then producers including Alpha, Peabody, Arch and Walter won’t generate positive free cash flow, Levin said.

http://www.bloomberg.com/news/2012-08-28/big-coal-faces-stee…

[stockrush]

Antwort auf Beitrag Nr.: 43.545.521 von boersenbrieflemming am 29.08.12 11:10:22

Tja, so ist sie eben. Unbeeindruckt von guten News und von besseren Aussichten für die Kohlepreise kommt sie immer zurück und zementiert den unterirdischen Aktienboden.

[stockrush]

Antwort auf Beitrag Nr.: 43.545.799 von stockrush am 29.08.12 11:59:35

Mein Posting bezog sich auf das : Sie hat sich ja auch kurstechnisch recht gut gefangen.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.545.807 von stockrush am 29.08.12 12:00:38

Ich meinte damit auch KZX (auch wenn da noch nicht so viel los ist). Bei der CDU bin ich von einer "recht gut gefangen" Aeusserung noch etwas entfernt. Da waere mehr drin - aber CAD, etc.pp. geht es da ähnlich.

[stockrush]

Antwort auf Beitrag Nr.: 43.546.132 von boersenbrieflemming am 29.08.12 12:59:39

Ah OK, sorry, habe ich überlesen!

Wir haben ja noch genug Zeit. Vielleicht kommt ja der Durchbruch, wenn Griechenland demnächst aus der europäischzen Währungsunion austritt und dann die anderen Verdächtigen mit in den Abgrund gerissen werden.

[boersenbrieflemming]

Womit wir wieder bei News aus der Group wären:

Balmoral Discovers Three More Broad Areas of Gold Mineralization on Martiniere Property, Quebec

http://www.marketwatch.com/story/balmoral-discovers-three-mo…

[Sugar2000]

http://finance.yahoo.com/news/cardero-announces-further-posi…

Cardero Announces Further Positive Results From Ferricrete Reverse Circulation Drilling, Sheini Hills Iron Project, Ghana
Press Release: Cardero Resource Corp. – 14 minutes agoCompanies:Cardero Resource Corp.Cardero Resource Corp.CARDERO RESOURCE
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2012) - Cardero Resource Corp. (CDU.TO)(CDY)(CDY)(CR5.F) -

Best intersections include:

RC Hole 50; 11 metres from surface, grading 43.80% Iron

RC Hole 52; 9 metres from surface, grading 40.68% Iron

RC Hole 53; 8 metres from surface, grading 43.21% Iron

RC Hole 57; 8 metres from surface, grading 42.36% Iron

Cardero Resource Corp. ("Cardero" or the "Company") announces receipt of further reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana.

In addition to the drilling of haematite ironstones, surface Ferricrete/Detrital Deposits have been tested with 127 short drill holes (1,923 metres) of reverse circulation drilling. Cardero has received assay results from an additional 52 reverse circulation holes located in 7 of the 8 Ferricrete fields drill-tested (Figure 1, Table 1). The ferricrete in these holes ranges from 1 metre to 18 metres in thickness.

To view Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/cdu830i.pdf

RESOURCE ESTIMATE UNDERWAY

Now that the Phase I exploration program at Sheini Hills has been completed, SRK Consulting has been retained to complete a maiden resource estimate report in accordance with NI 43-101. Cardero anticipates dissemination of the report in Q4 2012.


Table 1: Ferricrete Iron Results by Drill Hole(i)----------------------------------------------------------------------------Drill hole Ferricrete Field From (m) To (m) Thickness (m) Iron Grade %----------------------------------------------------------------------------SRC037 1 0 5 5 36.85SRC038 1 0 4 4 42.32SRC039 1 0 5 5 37.06SRC040 1 0 4 4 29.04SRC041 1 0 8 8 29.43SRC042 1 0 4 4 40.26SRC043 1 0 4 4 35.11SRC044 1 0 12 12 25.56SRC045 1 0 7 7 21.41SRC046 1 0 5 5 36.71SRC047 1 0 4 4 24.02SRC048 1 0 4 4 26.98SRC049 1 0 6 6 33.90SRC059 1 0 11 11 25.67SRC060 1 0 2 2 37.42SRC061 1 0 2 2 30.33SRC062 1 0 18 18 26.53SRC063 1 0 4 4 31.26SRC064 1 0 4 4 42.62SRC065 1 0 4 4 40.32SRC066 1 0 3 3 31.95SRC067 1 0 3 3 29.11----------------------------------------------------------------------------SRC057 2 0 8 8 42.36SRC058 2 0 8 8 37.09----------------------------------------------------------------------------SRC035 3 0 2 2 33.71SRC036 3 0 2 2 24.88----------------------------------------------------------------------------SRC050 4 0 11 11 43.80SRC051 4 0 11 11 38.16SRC052 4 0 9 9 40.68SRC053 4 0 8 8 43.21SRC054 4 0 13 13 33.44SRC055 4 0 10 10 31.89SRC056 4 0 14 14 35.73----------------------------------------------------------------------------SRC068 5 0 3 3 33.74SRC069 5 0 8 8 30.54SRC070 5 0 8 8 24.17SRC071 5 0 4 4 33.58SRC072 5 0 1 1 29.08----------------------------------------------------------------------------SRC077 7 0 4 4 23.13SRC078 7 0 12 12 22.69SRC079 7 0 5 5 23.97SRC080 7 0 4 4 23.34SRC081 7 0 4 4 23.48SRC082 7 0 5 5 17.76SRC083 7 0 5 5 23.14SRC084 7 0 6 6 24.00SRC085 7 0 6 6 22.32SRC086 7 0 4 4 27.77----------------------------------------------------------------------------SRC073 8 0 11 11 33.70SRC074 8 0 8 8 23.32SRC075 8 0 2 2 35.77SRC076 8 0 6 6 24.38----------------------------------------------------------------------------(i) All holes are drilled vertically. Ferricretes are recent, sub-horizontal detrital deposits and intersections presented here are considered true thicknesses.
Detrital iron deposits are found where weathering has eroded bedded ironstones and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types have been found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater and under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.

The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini Hills, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes. By definition, all of the ferricrete deposits occur at surface with no overburden providing a zero strip ratio if future mining is considered feasible.

QUALIFIED PERSON

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

QA/QC

The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.

ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of CARDERO RESOURCE CORP.

Michael Hunter, CEO and President

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing for and completion of a resource estimate for a portion of the Sheini deposit, the ultimate nature and required expenditures of the work programs under the prospecting licenses; business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market for, and pricing of, any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's 2012 Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 40-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR12-22

Contact:
Nancy Curry
Cardero Resource Corp.
Corporate Communications
Direct Tel: [phone]

General Contact
Cardero Resource Corp.
Toll Free: 1-888-770-7488 or 604 408-7488
604 408-7499 (FAX)
[e-mail]
www.cardero.com

[boersenbrieflemming]

@sugar2000

Danke.

Ich versuche es einmal mit der festen Zeilenbreite.

Table 1: Ferricrete Iron Results by Drill Hole(i)



----------------------------------------------------------------------------

Drill hole  Ferricrete Field   From (m)  To (m)  Thickness (m)  Iron Grade %

----------------------------------------------------------------------------

SRC037                     1         0       5              5          36.85

SRC038                     1         0       4              4          42.32

SRC039                     1         0       5              5          37.06

SRC040                     1         0       4              4          29.04

SRC041                     1         0       8              8          29.43

SRC042                     1         0       4              4          40.26

SRC043                     1         0       4              4          35.11

SRC044                     1         0      12             12          25.56

SRC045                     1         0       7              7          21.41

SRC046                     1         0       5              5          36.71

SRC047                     1         0       4              4          24.02

SRC048                     1         0       4              4          26.98

SRC049                     1         0       6              6          33.90

SRC059                     1         0      11             11          25.67

SRC060                     1         0       2              2          37.42

SRC061                     1         0       2              2          30.33

SRC062                     1         0      18             18          26.53

SRC063                     1         0       4              4          31.26

SRC064                     1         0       4              4          42.62

SRC065                     1         0       4              4          40.32

SRC066                     1         0       3              3          31.95

SRC067                     1         0       3              3          29.11

----------------------------------------------------------------------------

SRC057                     2         0       8              8          42.36

SRC058                     2         0       8              8          37.09

----------------------------------------------------------------------------

SRC035                     3         0       2              2          33.71

SRC036                     3         0       2              2          24.88

----------------------------------------------------------------------------

SRC050                     4         0      11             11          43.80

SRC051                     4         0      11             11          38.16

SRC052                     4         0       9              9          40.68

SRC053                     4         0       8              8          43.21

SRC054                     4         0      13             13          33.44

SRC055                     4         0      10             10          31.89

SRC056                     4         0      14             14          35.73

----------------------------------------------------------------------------

SRC068                     5         0       3              3          33.74

SRC069                     5         0       8              8          30.54

SRC070                     5         0       8              8          24.17

SRC071                     5         0       4              4          33.58

SRC072                     5         0       1              1          29.08

----------------------------------------------------------------------------

SRC077                     7         0       4              4          23.13

SRC078                     7         0      12             12          22.69

SRC079                     7         0       5              5          23.97

SRC080                     7         0       4              4          23.34

SRC081                     7         0       4              4          23.48

SRC082                     7         0       5              5          17.76

SRC083                     7         0       5              5          23.14

SRC084                     7         0       6              6          24.00

SRC085                     7         0       6              6          22.32

SRC086                     7         0       4              4          27.77

----------------------------------------------------------------------------

SRC073                     8         0      11             11          33.70

SRC074                     8         0       8              8          23.32

SRC075                     8         0       2              2          35.77

SRC076                     8         0       6              6          24.38

----------------------------------------------------------------------------



(i) All holes are drilled vertically. Ferricretes are recent, sub-horizontal

    detrital deposits and intersections presented here are considered true

    thicknesses.

[Sugar2000]

Antwort auf Beitrag Nr.: 43.551.324 von boersenbrieflemming am 30.08.12 14:00:09

ja schaut besser aus

[stockrush]

Antwort auf Beitrag Nr.: 43.551.391 von Sugar2000 am 30.08.12 14:13:53

Was sagt ihr zu den grades ? Sind die verglichen mit anderen großen Erlagerstätten hervorragend ? Der Markt scheint auf die news erstmal nichts zu geben.

[Sugar2000]

Sorry, ganz ehrlich gesagt bin ich auf diesem Gebiet kein Experte...

[Illex08]

Antwort auf Beitrag Nr.: 43.551.862 von stockrush am 30.08.12 15:51:51

Der Markt kann auch noch nicht mit einem großen "Hurra" darauf reagieren.

Wir haben es hier mit verschiedensten Erzformationen zu tun.

PDP war seinerzeit ein einzelner großer Klumpen und damit relativ überschaubar.

Hier hast du Ironstone Körper, die sich in mehreren Bereichen mit unterschiedlichen Formen, mal sichelförmig, mal wellenförmig zeigen.
Mal sind sie 1 km breit und haben eine Dicke von 40 m, mal sind sie 4oo
m breit und 120 m dick, an einer Stelle haben wir auch schon 280 m Dicke gesehen.
Dazu kommen die sogenannten Ferricrete Ablagerungen, die sich über mehrere
Quadratkilometer in verschiedenen Bereichen an der Öberfläche abgelagert haben.
Diese sind dann aber nur 1-20 m dick.

Kein Mensch kann auf den ersten Blick erkennen, wieviel da wirklich zu erwarten ist.

Zur besseren Orientierung schau dir mal die letzten News an.
Hier siehst du grüne Punkteketten, die für die Ironstone Formationen stehen.
Die Skizzen in den News beziehen sich allesamt auf diese Art Vorkommen.

Die lilafarbenen dagegen stehen für die an der Erdoberfläche liegenden Ferricrates. Die letzen beiden News beziehen sich auf diese Formationen.

Sie haben 67 Löcher grün (Ironstone) gebohrt und weit über 100 Löcher oberflächennah lilafarben (Ferricrate).

Jetzt wird es m.E. noch 3-6 News geben zu Bohrergebnissen in den nächsten Tagen und Wochen und dann wird gerechnet. Von großer Bedeutung wird sein, ob im Bereich der bisherigen TOP Zone 1003600N ( siehe hierzu News v. 25.8.2012, Figure 5) die bisher noch nicht veröffentlichen Bohrergebnisse ähnlich gute Grade und Längen bringen.

Bisher liegen wir bei den (für mich wichtigeren) Ironstone Formationen im Gesamtdurchschnitt irgendwo zwischen 35 und 38 % Fe Anteil, was einen durchschnittlichen Wert für Afrika darstellt. Man muss aber auch sagen, dass es einige Minen gibt, die liegen mit > 60 % Fe weit darüber.

Daher muss es die Menge an Eisen machen, die da in und unter den Hügeln liegt.

Für das 4. Quartal 2012 ist die erste Resourcenschätzung angekündigt, in der die jetzt aktuell veröffentlichen Bohrergebnisse eingearbeitet sein werden. Auch die bisher noch fehlenden Ergebnisse (siehe hierzu widerum News v. 23.8.) erwarte ich darin. Erst dann sehen wir einen(ersten) Teil der Braut und der Markt entscheidet, wie hübsch sie ist.

In 2013 wird dann weiter gebohrt und die Werte werden sich entsprechend erhöhen/verdoppeln.

Illex

[stockrush]

Antwort auf Beitrag Nr.: 43.552.899 von Illex08 am 30.08.12 18:51:48

Illex08,


Herzlichen Dank für Deine ausführliche Einschätzung!




stockrush

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.552.899 von Illex08 am 30.08.12 18:51:48

Dazu kommen die sogenannten Ferricrete Ablagerungen, die sich über mehrere
Quadratkilometer in verschiedenen Bereichen an der Öberfläche abgelagert haben.
Diese sind dann aber nur 1-20 m dick.

Sofern wir die wirtschaftlich abbauen (lassen) können - keine strip ratio.

[boersenbrieflemming]

Hier auch noch einmal in Kurzform:

http://www.azomining.com/news.aspx?newsID=7120

[boersenbrieflemming]

Interessanter Artikel zu dne derzeitigen Iron Ore Preisen.

Iron ore sees worst month since October 2011

http://biz.thestar.com.my/news/story.asp?file=/2012/9/1/busi…

[boersenbrieflemming]

Bearish iron ore fundamentals conflict with positive technical



http://www.steelguru.com/raw_material_news/Bearish_iron_ore_…l

[boersenbrieflemming]

Insgesamt interesaante Statements von der Coal Association of Canada:

"Canada’s coal sector has experienced strong rates of growth in revenue and capital investment in recent years. The demand for metallurgical coal in Asian markets coupled with rising energy prices has results in the total value of the sector’s output growing at an average annual rate of close to 15% over the past 10 years. Capital investments in the sector have grown at an average rate of almost 20% per year over the same time period."

http://media3.marketwire.com/docs/coal_bg.pdf

---

So, nun kann man bei Carbon Creek auf die PFS warten - die wurde ja fuer das Q3 2012 angekündigt. Die aktuellen 2012-Drillings (Ende im Oktober/November) fliessen dann in die FS (!) ein, die fuer Q2 2013 geplant ist. Es sollte uns erspart bleiben das hier dann immer wieder mittels "neuer" PFS herumgeflickt wird - es get dann gleich durch zur "feasibility study". Bleibt alles wie bei der PEA, so sieht es gut aus.

[ixilon]

Heute 03.09.2012 Labor Day, kein Börsenhandel in Kanada und den USA !

[boersenbrieflemming]

Es gibt derzeit viele Expertenmeinungen - ich stelle einmal eine ein:

"... ML: We tend to follow more of the met coal market. The weakness in the natural gas price, particularly in the U.S., has hurt thermal coal producers, especially in Appalachia, where there are somewhat higher costs. We think the thermal coal market will see some recovery over the next couple of years because it's not just the U.S. that uses thermal coal. Far more thermal coal is used in China than in the U.S.

The high-cost producers have been affected the most as thermal prices have been hit as much as 20–30% in the last three to four months. That's made a difference to the bottom lines and investment analysts' view of that sector.

The same thing has happened in the met coal market. Because Chinese steel prices, particularly in China, have gone down 20% in the last three months, iron ore has gone down 20%, putting downward pressure on the met coal price because the biggest steel market in the world is China.

On the Australian market, the price has gone from $225/ton (t) down to $175/t. We think that this is probably the bottom of the market for steel, iron ore and met coal because construction activity usually picks up dramatically in China in October, November and December. We expect that all three areas will see recovery moving into the fall and through next year.

Weakness in the met coal market has affected the prices of all the companies we're going to talk about. I'd rather be buying when the met coal price is $175/t than when it was $225/t three months ago or when it was $300/t at one point last year. Now you can buy these companies at much lower prices and probably get much better value for your money. ..."

http://www.forexpros.com/analysis/mark-lackey:-'this-is-your…

[boersenbrieflemming]

Low demand from China dampening Asian coking coal outlook in short term: UBS


http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Coal/70366…

[boersenbrieflemming]

orvus Gold appoints Mai as VP, business development

Corvus Gold Inc (C:KOR)
Shares Issued 50,030,261
Last Close 8/31/2012 $0.95
Tuesday September 04 2012 - News Release

Mr. Jeffrey Pontius reports

CORVUS GOLD APPOINTS QUENTIN MAI - VICE PRESIDENT, BUSINESS DEVELOPMENT

Corvus Gold Inc. has appointed Quentin Mai as the company's new vice-president of business development. Mr. Mai has over 15 years of mining industry experience in both exploration and development companies specializing in corporate strategy and shareholder value creation. Prior to his current appointment, Mr. Mai has been providing consulting services to Corvus as well as Investor Relations support. Mr. Mai also played key roles in the growth and success of companies such as International Tower Hill Mines Ltd. (ITH), Cardero Resource Corp. and First Quantum Minerals Ltd. His extensive experience across a spectrum of companies with capital markets, major resource investor groups and corporate growth initiatives will significantly complement Corvus's already strong marketing and finance team.

Jeff Pontius, Chief Executive Officer of Corvus, stated, "The addition of Quentin Mai as our Vice President of Business Development marks an important step for our Company as we move to our next stage of shareholder value creation. My past experience working with Quentin on strategic growth initiatives in companies such as ITH has proven to be very effective and we look forward to bringing that same intensity and dedication to Corvus. The Corvus story is just beginning and with the excellent team we have now assembled we are ready for the main act of value creation."

[derschweizer]

Cardero Provides Update on Pre-Feasibility Study & 2012 Drill Program at Carbon Creek Metallurgical Coal Deposit
view PDF
Appoints Resource Manager

Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces the appointment of David Thompson as Resource Manager for Cardero Coal Ltd. (a wholly owned subsidiary of Cardero) and provides an update on the Prefeasibility Study and 2012 exploration program at the Company's flagship Carbon Creek metallurgical coal deposit, located in the Peace River coalfield on northeastern BC.

Appointment of Resource Manager

The Company announces the appointment of David Thompson as Resource Manager for Cardero Coal Ltd. David is a geologist with 15 years' experience in exploration and mining, mostly in metallurgical coal. Most recently, David was Exploration Manager for Anglo American, responsible for coal exploration in the Peace River Coalfield, British Columbia. David's experience includes all aspects of metallurgical coal exploration, coal quality analysis and resource definition. In addition, he has operational experience, having been responsible for significant in-pit coal recovery improvement at the Trend Mine, BC. David will be responsible for all aspects of exploration, resource definition and conversion to reserves as Cardero Coal completes its final drill campaign before the anticipated publication of a feasibility study in 2013.

In recent months, Cardero has been building management capacity in support of feasibility work and, ultimately, anticipated mine development at the Company's flagship Carbon Creek metallurgical coal deposit in northeast BC. Following on from the appointment of Angus Christie as Chief Operating Officer, the appointment of David Thompson is the first in a series of intended management appointments. The Company is currently accepting applications for a senior Mining Engineer and Project Engineer.

Prefeasibility Study Update

Current work at Carbon Creek is focused on an intended Q3 announcement of results from a Prefeasibility Study ("PFS") and filing of the NI43-101 Technical Report within 45 days thereafter (early Q4). The PFS will provide significant detail on key mine-development considerations, including a new resource estimate, mine design, coal product specifications, and production schedule, processing plant design, site infrastructure, product transportation options and a detailed financial assessment. The PFS aims to provide go-forward decisions, which will be fully assessed in the follow-up Feasibility Study planned for completion in Q2 2013.

Key aspects of the PFS work are summarized below:

Resource Calculation - completion of a new geological model and resource calculation, including drill data from the 2011 drill program.
Mine Design - optionality with respect to mine design, methodology and seam selection as well as mine sequencing and scheduling.
Production Rate - annual planned coal production rates and mine life.
Coal Qualities & Product Specification - the 2011 drill program included bulk sampling (large diameter core drilling) of 11 coal seams. This work will provide a good indication of coal product potential.
Marketing Report - independent assessment of coal product marketability based on potential clean coal products.
Processing Plant - the Company assessed several coal processing options and plant designs, and will present a go-forward decision in the PFS.
Surface Facilities - preliminary designs for all surface facilities, coal handling systems, and on-site power, including new options to streamline the location of coal processing facilities with proposed mine areas, coal handling and transportation options.
Transportation Study - the company is currently assessing two transportation options to take clean coal from the mine site to the rail head.
Lease versus purchase of mining equipment - Environmental Assessment - environmental work is ongoing at site and the PFS will include important information about potential impacts, mitigation and reclamation planning as well as an update on baseline data collection.
Economic Assessment - the PFS will include a revised and detailed discounted cash flow model and indicative mine project valuation.


2012 Field Program

The recent approval of coal license application 414152 (see News Release NR12-14 June 19th, 2012) will allow the remaining coal seams to be drilled during the 2012 program, with final product specification feeding into the full Feasibility Study ("FS"). The 2012 drill program is the last major drill program prior to completion of the Feasibility Study. The program currently includes 5,600 metres of diamond drilling, 3,335 metres of rotary drilling and a significant large-diameter drill program. The objectives of the program are summarized below:

Infill Drilling; New License - the licenses issued recently on approval of the 414152 application will now require infill drilling. This program is aimed at upgrading resource classification across the remainder of the deposit.
Infill Drilling; Initial Production - the current PFS work has identified areas where underground and surface production could commence, based on mineability and prioritization of highest quality seams. The 2012 program will ensure these areas are adequately assessed to support mining commencement.
Resource Expansion - targeted drilling to expand areas already defined as potentially mineable and included in the PFS. These additional resources may be incorporated into the 2013 FS.
Engineering Studies - feasibility-level engineering studies, including mine geotechnical and hydrogeological analysis, will be completed in 2012.

Qualified Person

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

About Carbon Creek

The Carbon Creek Metallurgical Coal Deposit is the Company's flagship asset. Carbon Creek is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current (October 1, 2011) resource estimate of 166.7 million tonnes of measured and indicated, with an additional 167.1 million tonnes of inferred, ASTM Coal Rank mvB coal. Having completed acquisition of the project in June 2011, the Company released results of an independent PEA, including an updated resource estimate) in December 2011, which estimates a post-tax, undiscounted cash flow of $3.1 billion (on a 75% basis). The PEA contemplates production of 2.9 million tonnes of saleable metallurgical coal products per annum (NR11-20, December 12, 2011).

The Company cautions that the PEA is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA is based on the current (as at October 1, 2011) Carbon Creek estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.

About Cardero Resource Corp.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of

CARDERO RESOURCE CORP.

"Michael Hunter" (signed)
Michael Hunter, CEO and President

Contact Information:
Nancy Curry, Corporate Communications
Telephone: [phone]

General Contact:
Email: [e-mail]
Toll Free: 1-888-770-7488
Tel: [phone]
Fax: [phone]

[ixilon]

September 04, 2012: NR12-23

Cardero Provides Update on Pre-Feasibility Study & 2012 Drill Program at Carbon Creek Metallurgical Coal Deposit

Appoints Resource Manager
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces the appointment of David Thompson as Resource Manager for Cardero Coal Ltd. (a wholly owned subsidiary of Cardero) and provides an update on the Prefeasibility Study and 2012 exploration program at the Company's flagship Carbon Creek metallurgical coal deposit, located in the Peace River coalfield on northeastern BC.

Appointment of Resource Manager
The Company announces the appointment of David Thompson as Resource Manager for Cardero Coal Ltd. David is a geologist with 15 years' experience in exploration and mining, mostly in metallurgical coal. Most recently, David was Exploration Manager for Anglo American, responsible for coal exploration in the Peace River Coalfield, British Columbia. David's experience includes all aspects of metallurgical coal exploration, coal quality analysis and resource definition. In addition, he has operational experience, having been responsible for significant in-pit coal recovery improvement at the Trend Mine, BC. David will be responsible for all aspects of exploration, resource definition and conversion to reserves as Cardero Coal completes its final drill campaign before the anticipated publication of a feasibility study in 2013.

In recent months, Cardero has been building management capacity in support of feasibility work and, ultimately, anticipated mine development at the Company's flagship Carbon Creek metallurgical coal deposit in northeast BC. Following on from the appointment of Angus Christie as Chief Operating Officer, the appointment of David Thompson is the first in a series of intended management appointments. The Company is currently accepting applications for a senior Mining Engineer and Project Engineer.

Prefeasibility Study Update
Current work at Carbon Creek is focused on an intended Q3 announcement of results from a Prefeasibility Study ("PFS") and filing of the NI43-101 Technical Report within 45 days thereafter (early Q4). The PFS will provide significant detail on key mine-development considerations, including a new resource estimate, mine design, coal product specifications, and production schedule, processing plant design, site infrastructure, product transportation options and a detailed financial assessment. The PFS aims to provide go-forward decisions, which will be fully assessed in the follow-up Feasibility Study planned for completion in Q2 2013.

Key aspects of the PFS work are summarized below:

- Resource Calculation - completion of a new geological model and resource calculation, including drill data from the 2011 drill program.
- Mine Design - optionality with respect to mine design, methodology and seam selection as well as mine sequencing and scheduling.
- Production Rate - annual planned coal production rates and mine life.
- Coal Qualities & Product Specification - the 2011 drill program included bulk sampling (large diameter core drilling) of 11 coal seams. This work will provide a good indication of coal product potential.
- Marketing Report - independent assessment of coal product marketability based on potential clean coal products.
- Processing Plant - the Company assessed several coal processing options and plant designs, and will present a go-forward decision in the PFS.
- Surface Facilities - preliminary designs for all surface facilities, coal handling systems, and on-site power, including new options to streamline the location of coal processing facilities with proposed mine areas, coal handling and transportation options.
- Transportation Study - the company is currently assessing two transportation options to take clean coal from the mine site to the rail head.
- Lease versus purchase of mining equipment - Environmental Assessment - environmental work is ongoing at site and the PFS will include important information about potential impacts, mitigation and reclamation planning as well as an update on baseline data collection.
- Economic Assessment - the PFS will include a revised and detailed discounted cash flow model and indicative mine project valuation.

2012 Field Program
The recent approval of coal license application 414152 (see News Release NR12-14 June 19th, 2012) will allow the remaining coal seams to be drilled during the 2012 program, with final product specification feeding into the full Feasibility Study ("FS"). The 2012 drill program is the last major drill program prior to completion of the Feasibility Study. The program currently includes 5,600 metres of diamond drilling, 3,335 metres of rotary drilling and a significant large-diameter drill program. The objectives of the program are summarized below:

- Infill Drilling; New License - the licenses issued recently on approval of the 414152 application will now require infill drilling. This program is aimed at upgrading resource classification across the remainder of the deposit.
- Infill Drilling; Initial Production - the current PFS work has identified areas where underground and surface production could commence, based on mineability and prioritization of highest quality seams. The 2012 program will ensure these areas are adequately assessed to support mining commencement.
- Resource Expansion - targeted drilling to expand areas already defined as potentially mineable and included in the PFS. These additional resources may be incorporated into the 2013 FS.
- Engineering Studies - feasibility-level engineering studies, including mine geotechnical and hydrogeological analysis, will be completed in 2012.

Qualified Person
EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

About Carbon Creek
The Carbon Creek Metallurgical Coal Deposit is the Company's flagship asset. Carbon Creek is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current (October 1, 2011) resource estimate of 166.7 million tonnes of measured and indicated, with an additional 167.1 million tonnes of inferred, ASTM Coal Rank mvB coal. Having completed acquisition of the project in June 2011, the Company released results of an independent PEA, including an updated resource estimate) in December 2011, which estimates a post-tax, undiscounted cash flow of $3.1 billion (on a 75% basis). The PEA contemplates production of 2.9 million tonnes of saleable metallurgical coal products per annum (NR11-20, December 12, 2011).

The Company cautions that the PEA is preliminary in nature, and is based on technical and economic assumptions which will be evaluated in further studies. The PEA is based on the current (as at October 1, 2011) Carbon Creek estimated resource model, which consists of material in both the measured/indicated and inferred classifications. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them. The current basis of project information is not sufficient to convert the mineral resources to mineral reserves, and mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the PEA will be realized.

About Cardero Resource Corp.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of

CARDERO RESOURCE CORP.

"Michael Hunter" (signed)
Michael Hunter, CEO and President

Contact Information:
Nancy Curry, Corporate Communications
Telephone: [phone]

General Contact:
Email: [e-mail]
Toll Free: 1-888-770-7488
Tel: [phone]
Fax: [phone]

http://www.cardero.com/s/news_releases.asp?ReportID=545303

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.568.555 von ixilon am 04.09.12 21:22:59

Ein Lebenszeichen von Carbon Creek.

[Sugar2000]

Antwort auf Beitrag Nr.: 43.569.003 von boersenbrieflemming am 04.09.12 23:53:39

aber dem Kurs gefiel diese news nicht so dolle...

[gustel66]

Antwort auf Beitrag Nr.: 43.569.012 von Sugar2000 am 05.09.12 00:02:12

...irgendwie scheint keine Nachricht den Kurs zu beflügeln...

Sämtliche Nachrichten gingen in der jüngsten Vergangenheit spurlos am Kurs vorbei. Wann ändert sich das denn endlich?

[McGier]

!

Dieser Beitrag wurde von akummermehr moderiert. Grund: Behauptung ohne Beleg + Werbung

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.569.062 von McGier am 05.09.12 01:03:50

Das hier sind Aktien mit denen man Geld verdienen kann:

Dein letzter Tipp "MGN" ging aber weitaus kraeftiger in die Hose, dagegen ist die CDU regelrecht trocken geblieben. ;-)

.... und eine Vena Res. (die Du als Gewinneraktie anpreist), darf von 1,20 CAD kommend auch mal bei nunmehr 0,16 CAD einen halben Cent gewinnen. An das Marketing von Vena Res. kann ich mich noch gut erinnern (da wird aber heute keiner mehr drueber sprechen wollen).


McGier ...

[boersenbrieflemming]

In the spot market, metallurgical coal prices have declined and this could affect contract prices for the next 12 months, Scott wrote in a research note. “We do not think that the long-term met coal story is broken, but it will take the industry time to rebalance supply with demand,” he said.

Scott cut his fourth-quarter benchmark price for metallurgical coal to $180 per metric ton (predelivery cost) from $220. His 2013 estimate went to $200 per metric ton (predelivery cost) from $225.

http://articles.marketwatch.com/2012-09-04/industries/335736…

--

Auch wenn das Umfeld im Moment nicht stimmt, mit diesen Preisen kann Carbon Creek locker leben ... wenn man davon ausgeht,, dass sich die PEA in der PFS wiederfindet. Byron schaetzte vor einem Jahr 170 USD/t (Price Target: 2,50 USD). Gut, dass wir da konservativ geblieben sind.

[McGier]

!

Dieser Beitrag wurde von akummermehr moderiert. Grund: persönliche Auseinandersetzung + Unterstellung

[boersenbrieflemming]

@McGier

Es gibt da wesentlichere Dinge.
--
Neue September Praesentation - sehr informativ, mit interessanten Vergleichen.

Eine kurze Zusammenfassung:

 Simple Geology – relative to other northeast coalfield deposits and mines 

 Resource – PFS Resource will include 2011 drill results

 Mine Design & Scheduling – optimization in progress

 Multiple Mining Methods – flexibility to ensure optimized mine plan

 Potential Products – Hard Coking Coal & Semi-Soft Coking Coal

 Coal Quality Advantage – low phosphorous, low HGI, low ash

 Production Rate – potentially largest northeast producer, minimum 2.9Mtpa at full production

 Logistics – new plant location under consideration - close to operation & potential barge loading 

 Transportation – truck hauling and barging under consideration

 Port Allocation – Cardero secured last of currently available capacity

http://www.cardero.com/i/pdf/ppt/CorporatePresentation.pdf

und eine neue Praesentation zu den Sheini Hills:

http://www.cardero.com/i/pdf/Sheini_Hills_Presentation.pdf

[ixilon]

AHC


Sept. 5, 2012

Artha Granted Pirquitas Exploration Permit in Argentina

http://tmx.quotemedia.com/article.php?newsid=54047226&qm_sym…


Artha Resources Homepage: http://www.artharesources.com/s/home.asp


6 Monatschart

[Illex08]

Antwort auf Beitrag Nr.: 43.572.307 von boersenbrieflemming am 05.09.12 17:41:14

Hoppla, da kommt sogar noch mehr...

Das sind jetzt wohl die neuen Zonen oben im Norden.


NEWS RELEASE
September 05, 2012: NR12-24
Cardero Announces Latest High-Grade Iron Intersections, Sheini Hills Iron Project, Ghana
view PDF
Highlights include:
Hole 55: 89.7 metres from surface, grading 46.2% Iron
Hole 45: 63.0 metres from surface, grading 42.6% Iron
Hole 57: 30.5 metres from surface, grading 44.0% Iron
Hole 51: 45.0 metres from surface, grading 40.1% Iron
Hole 40: 50.4 metres from surface, grading 40.2% Iron
Hole 52: 43.7 metres from surface, grading 40.1% Iron
Hole 48: 66.0 metres from surface, grading 41.6% Iron

Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces receipt of additional high-grade drill results from Phase I drilling at the Company's Sheini Hills Iron Project in northeastern Ghana. All results are from diamond drilling of ironstone ridges.

Highlights include Hole 055, which returned 89.7 metres grading 46.2% iron and Hole 45, which intersected 63 metres grading 42.6% iron. The latter results are on the same section as the previously reported results from Hole 039, which returned 278 metres grading 43.2% iron from surface.

Results are presented in detail, by drill section, below (Figures 1 through 8):
Figure 1: DRILL SECTION 1014400N


Table 1: DRILL SECTION 1014400N
Hole ID From (m) To (m) Thickness (m) Iron Grade %
SCD055 0.00 4.00 4.00 30.34
and 6.00 27.55 21.55 42.00
and 38.70 63.90 25.20 42.34
incl. 50.20 63.90 13.70 47.00
and 81.00 170.70 89.70 46.16
SCD060 results pending
Average thickness / hole * 35.11
Weighted average grade* 44.38
*Weighted average thickness and grade based on full intersections. Reported drill intercepts are based on apparent rather than true thickness as there is insufficient data with respect to the shape of the mineralization to calculate absolute true thickness.

Figure 2: DRILL SECTION 1013600N


Table 2: DRILL SECTION 1013600N
Hole ID From (m) To (m) Thickness (m) Iron Grade %
SCD009 0.00 57.00 57.00 45.71
SCD036 172.00 217.00 45.00 39.51
SCD039 0.00 278.80 278.80 43.16
incl. 0.00 10.70 10.70 50.64
incl. 28.00 51.00 23.00 49.58
SCD045 0.00 3.00 3.00 37.61
and 8.00 121.40 113.40 35.51
incl. 35.00 98.00 63.00 42.59
Average thickness / hole * 124.30
Weighted average grade* 41.34
Drill holes SCD009, SCD036 and SCD039 previously reported (NR12-17, NR12-20). *Weighted average thickness and grade based on full intersections. Reported drill intercepts are based on apparent rather than true thickness as there is insufficient data with respect to the shape of the mineralization to calculate absolute true thickness.

Figure 3: DRILL SECTION 1012550N


Table 3: DRILL SECTION 1012550N
Hole ID From (m) To (m) Thickness (m) Iron Grade %
SCD057 0.00 30.50 30.50 45.00
and 122.20 141.05 18.85 43.12
Average thickness / hole * 49.35
Weighted average grade* 44.28
All results now reported for this section. *Weighted average thickness and grade based on full intersections. Reported drill intercepts are based on apparent rather than true thickness as there is insufficient data with respect to the shape of the mineralization to calculate absolute true thickness.

Figure 4: DRILL SECTION 1012000N


Table 4: DRILL SECTION 1012000N
Hole ID From (m) To (m) Thickness (m) Iron Grade %
SCD044 not assayed
SCD046 0.00 5.10 5.10 41.33
and 98.00 123.45 25.45 36.88
SCD047
SCD051 0.00 3.60 3.60 48.61
and 78.00 134.20 56.20 38.45
incl. 79.00 124.00 45.00 40.11
SCD052 0.00 6.00 6.00 43.03
and 19.00 62.70 43.70 40.11
SCD054 no significant results
Average thickness / hole * 46.68
Weighted average grade* 39.25
*Weighted average thickness and grade based on full intersections. Reported drill intercepts are based on apparent rather than true thickness as there is insufficient data with respect to the shape of the mineralization to calculate absolute true thickness.

Figure 5: DRILL SECTION 1011800N


Table 5: DRILL SECTION 1011800N
Hole ID From (m) To (m) Thickness (m) Iron Grade %
SCD058 2.00 69.10 67.10 35.39
incl. 18.00 69.10 51.10 39.55
Average thickness / hole * 67.10
Weighted average grade* 17.70
All results now reported for this section. *Weighted average thickness and grade based on full intersections. Reported drill intercepts are based on apparent rather than true thickness as there is insufficient data with respect to the shape of the mineralization to calculate absolute true thickness.

Figure 6: DRILL SECTION 1011200N


Table 6: DRILL SECTION 1011200N
Hole ID From (m) To (m) Thickness (m) Iron Grade %
SCD035 0.00 75.20 75.20 35.08
incl. 0.00 53.20 53.20 38.25
SCD037
SCD040 8.20 58.60 50.40 40.23
SCD042
Average thickness / hole * 62.80
Weighted average grade* 37.14
Drill holes SCD035 previously reported (NR12-20). *Weighted average thickness and grade based on full intersections. Reported drill intercepts are based on apparent rather than true thickness as there is insufficient data with respect to the shape of the mineralization to calculate absolute true thickness.

Figure 7: DRILL SECTION 1010600N


Table 7: DRILL SECTION 1010600N
Hole ID From (m) To (m) Thickness (m) Iron Grade %
SCD048 0.00 106.00 106.00 37.35
incl. 0.00 66.00 66.00 41.63
and 116.00 125.50 9.50 30.33
SCD053 0.00 1.00 1.00 56.24
and 4.20 71.20 67.00 37.17
incl. 4.20 45.00 40.80 41.77
SCD056
Average thickness / hole * 91.75
Weighted average grade* 37.02
*Weighted average thickness and grade based on full intersections. Reported drill intercepts are based on apparent rather than true thickness as there is insufficient data with respect to the shape of the mineralization to calculate absolute true thickness.


PHASE I DRILL TESTING

Phase I exploration at the Sheini Hills Iron project has been completed. The program targeted two main types of potential iron ore, ironstone ridges and surface ferricretes, both being haematite-dominated with negligible magnetite content.

Ironstone Ridges have been tested with 9192.4 metres of diamond drilling. A total of 67 diamond drill holes have been completed to date, with results received for the first 34 drill holes (58 diamond drill holes were sent in for assay, 9 holes were drilled for geological interpretation and metallurgical testing).

In Phase I, ironstone ridges were drilled over a strike length of 9 kilometres north-south and along section lines averaging approximately 600 metres east-west. Aggregate apparent ironstone thicknesses range from 3.8 metres in SCD032 to 278 metres in SCD039. Outcropping ironstones over an additional 24 kilometres of strike length have been targeted for future drill-testing.

The Ironstone ridges are composed of two potential ore-types. Higher grade thinly banded ironstones are considered to be primary Rapitan-type ironstones, although an epigenetic origin cannot be entirely ruled out. Associated diamictites, sediments of probable glacial origin, are thought to be epigenetic and partially replaced by haematite.

Surface Ferricrete/Detrital Deposits were tested with 1923 metres of reverse circulation drilling.

Detrital iron deposits are found where weathering has eroded bedded iron deposits and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater and under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.

The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes.

RESOURCE ESTIMATE UNDERWAY

Now that the Phase I exploration program at Sheini Hills has been completed, SRK Consulting has been retained to complete an updated 43-101 report, including a maiden resource estimate. Cardero anticipates completion of the report in Q4 2012.

PROJECT RATIONALE

Ironstone ridges are being targeted for potential open pit mining. The ironstones being drilled are generally in excess of 30 metres in thickness and apparent thicknesses locally reach greater than 250 metres from surface.

Ferricrete/Detrital Deposits are surface deposits situated on the fringes of the ironstone ridges. They are typically in the range of 5 to 15 metres in thickness. The attraction of deposits of this type is that they would not require normal open pit mine development, since the mineralization is at surface and of limited thickness (generally less than 15 metres). Instead, the deposits, if mined, could be extracted using equipment such as open bowl scrapers, which can remove softer overburden material without the need for blasting. This type of machinery is frequently utilized at civil engineering projects but is also used to clear overburden in mining operations. Efficient removal of the mineralization from these deposits in this way could provide significant operational savings. Iron grades in the Detrital Deposits are typically lower than grades in primary ironstone because the deposits are semi-consolidated and contain a portion of soil and non-iron related material. This is not considered to be a disadvantage since those materials should be easily removed during beneficiation. Removing surface mineralization in this way results in a zero strip ratio. If the Sheini Project should be advanced to mining in the future (of which there can be no certainty), the surface Detrital Deposits could potentially be mined first, while major open pit development and pre-stripping is taking place on the ironstone ridges.

QUALIFIED PERSON

EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.

QA/QC

The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.

Figure 8: Maps showing Sheini property (left) and the Phase 1 drill program focus in north-central area (right). The drill program focused on diamond drilling of ironstone ridges as well as reverse circulation drilling of surface iron/ferricrete. Section lines are shown for Figures 1, 2, 3, 4, 5, 6 and 7. Sections 1006400N, 1007170N, 1008000N, 1008800N, 1009600N and 1010400Ncontain previously released results.


ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.

"Michael Hunter" (signed)
Michael Hunter, CEO and President

Contact Information:
Nancy Curry, Corporate Communications
Direct Tel: [phone]

General Contact:
Email: [e-mail]
Toll Free: 1-888-770-7488
Tel: [phone]
Fax: [phone]

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing for and completion of a resource estimate for a portion of the Sheini deposit, the potential for any mining of or production from the Sheini Hills ironstone ridge deposits or the ferricrete/detrital deposits, the potential for a production decision to be made at Sheini Hills for either or both of the ironstone ridges or fericrete/detrital deposits, the potential commencement of any development of a mine at the Sheini Hills iron deposits following a production decision, the potential for any ferricrete/detrital deposits to be mined without blasting and during pre-stripping and open-pit preparation for any mining of the ironstone ridges, the potential for the fericrete/detrital deposits to be mined by equipment such as open bowl scrapers and for any such production carried out in this way to provide significant operational savings, the potential for any non-iron material to be easily removed during beneficiation of ferricrete/detrital mineralization, business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market for, and pricing of, any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's 2012 Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 40-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
-30-

Illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.573.664 von Illex08 am 05.09.12 23:14:16

Das ist iun der Tat schon spannend - es waere noch schoener, wenn die Bedingungen anders wären:

MINING & ENERGY
Iron ore miners take a $4bn hit

http://www.theaustralian.com.au/business/mining-energy/press…

Ich bin da aber recht zuversichtlich, dass es da auch wieder hoch geht - auch was das Bahnnetz angeht, welches im Norden Ghanas ausgebaut wird.

[McGier]

!

Dieser Beitrag wurde von akummermehr moderiert. Grund: Bitte belegen Sie Ihre Äußerungen

[gustel66]

Zitat von Illex08: Hoppla, da kommt sogar noch mehr...

Das sind jetzt wohl die neuen Zonen oben im Norden.


NEWS RELEASE
September 05, 2012: NR12-24
Cardero Announces Latest High-Grade Iron Intersections, Sheini Hills Iron Project, Ghana
view PDF

...und kann diese News den Kurs nun endlich beflügeln, oder geht es damit auch weiter abwärts?

[Illex08]

Antwort auf Beitrag Nr.: 43.573.914 von gustel66 am 06.09.12 02:57:18

Moin Gustel.

Ich denke, es hat sich noch nichts verändert an meiner Aussage v. 30.08. hier im Thread.
Wir haben jetzt 13 verschiedene Drill sections mit 13 unterschiedlich ausgeformten Erzkörperflächen.

In Figure 8 der aktuellen News siehst du rechtsseitig (ausschließlich )die neuen Bohrlöcher eingetragen. Diese beziehen sich nunmehr wieder auf die waagerechten grünen Punkteketten.
Bei genauerer Betrachtung stellst du dann fest, dass bei den linksseitig angegebenen Drill sections ziemlich weit oben noch der Bereich zwischen der 1013600 und der 1012550 nicht mit Bohrlöchern näher bezeichnet ist.
Da fehlen also noch allein in diesem Bereich 6 Bohrlöcher.

Bevor das nicht erledigt und berechnet ist kann keine Resource kommen.

Vorher wird sich da m.E. nicht soo viel tun.

Illex

[boersenbrieflemming]

Haben die recht, so sieht es ganz positiv aus (ich denke da an die konservativen Einschaetzungen der Cardero-Analysten:

The investment bank lowered its estimate by 17 percent and said that prices will average $205 a ton for 2013 and $215 for 2014 as global steel production slows, down from earlier forecasts of $218 and $225.

http://www.bloomberg.com/news/2012-09-06/coking-coal-benchma…

--

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.576.206 von boersenbrieflemming am 06.09.12 19:37:13

UPDATE 1-U.S. miner Consol sees steelmaking coal prices up in 2013

* Sees metallurgical coal price at $215-$230/tonne in 2013

http://in.reuters.com/article/2012/09/06/consol-prices-idINL…

[gustel66]

Zitat von Illex08: Moin Gustel.

Ich denke, es hat sich noch nichts verändert an meiner Aussage v. 30.08. hier im Thread.
Wir haben jetzt 13 verschiedene Drill sections mit 13 unterschiedlich ausgeformten Erzkörperflächen.

In Figure 8 der aktuellen News siehst du rechtsseitig (ausschließlich )die neuen Bohrlöcher eingetragen. Diese beziehen sich nunmehr wieder auf die waagerechten grünen Punkteketten.
Bei genauerer Betrachtung stellst du dann fest, dass bei den linksseitig angegebenen Drill sections ziemlich weit oben noch der Bereich zwischen der 1013600 und der 1012550 nicht mit Bohrlöchern näher bezeichnet ist.
Da fehlen also noch allein in diesem Bereich 6 Bohrlöcher.

Bevor das nicht erledigt und berechnet ist kann keine Resource kommen.

Vorher wird sich da m.E. nicht soo viel tun.

Illex

Super! Danke für die Info.
Grüsse

[derschweizer]

Peking - (www.emfis.com) - Die chinesische Zentralregierung hat mehrere Dutzend Infrastrukturprojekte genehmigt. Das sollte dem Rohstoffbereich um Vale, BHP Billiton und Rio Tinto helfen.

Wie lokale Medien mitteilten, seien von der nationalen verantwortlichen Kommission für den Bau von neuen Bahnhöfen, Flughäfen und Autobahnen die Mittel freigegeben worden. Branchenkenner würden mit rund 125 Milliarden Euro rechnen. Mit den Geldern sollen demnach rund sechzig Projekte im Bereich Infrastruktur umgesetzt werden. Im Laufe des vierten Quartals soll mit der Umsetzung begonnen werden. Da die Zentralregierung in Peking verantwortlich zeichne für dieses Programm werde mit einer ernsthaften und zügigen Durchführung gerechnet. Einige Provinzregierungen seien zuletzt nicht konsequent vorgegangen.

Erstellung von Infrastruktur bedeutet den Einsatz von viel Eisenerz und Kupfer

In letzter Zeit ist immer wieder über chinesische Infrastrukturmaßnahmen diskutiert worden. Jetzt scheint das Reich der Mitte ernst zu machen. Die grossen Rohstoffkonzerne würden sicherlich ordentlich profitieren davon. Auch die chinesischen Bauaktien stiegen bereits an.

EMFIS, 10.09.12 - 17:28 Uhr

[Illex08]

Antwort auf Beitrag Nr.: 43.588.912 von derschweizer am 11.09.12 09:04:24

Moin Schweizer.

Liest sich gut.

Illex

[boersenbrieflemming]

Stimulus 2.0

---


China kurbelt Wirtschaft mit Milliardenprogramm an

10.09.2012, 11:02 Uhr
Seit Jahren verzeichnet China niedrige Inflationsraten. Dadurch ergeben sich Spielräume für Konjunkturprogramme. Die sind auch nötig, um die zuletzt etwas schwächer gewordene chinesische Wirtschaft wieder anzutreiben.
Drucken
Kommentieren
Verschicken
Empfehlen

"Experten sprechen bereits vom 'Stimulus 2.0' ".
Quelle: Reuters
PekingChina hat ein neues Konjunkturprogramm beschlossen, um ein weiteres Absinken des Wachstums zu verhindern. "China wird der Binnennachfrage einen Schub geben und zugleich Preisstabilität aufrechterhalten", versprach Präsident Hu Jintao am Samstag in Wladiwostok beim Treffen asiatischer Regierungschefs. Kurz zuvor hatte das Entwicklungs- und Reformministerium in Peking neue Infrastrukturprojekte im Wert von einer runden Billion Yuan (125 Milliarden Euro) freigegeben. Es sollen unter anderem neue Straßen und Bahnlinien entstehen.


http://www.handelsblatt.com/politik/konjunktur/nachrichten/k…

[brori]

guckst du hier



Ist schon erstaunlich. Da betreibt man in Europa intensive Beschäftigung mit sich selbst = Nabelschau...

...und außerhalb verändert sich die Welt(wirtschaft) fundamental. In China hat sich das Bruttoinlandsprodukt in den letzten 30 Jahren ungefähr verdreißigfacht (!).

Und jetzt verkünden die chinesischen Provinzregierungen massive Infrastrukturprogramme.

So kündigt die Provinz Guangdong laut Handelsblatt ein Infrastrukturprogramm im Volumen 250 Mrd. Yuan an (ca. 8 Yuan sind ein Euro).








Andere Provinzen, von denen ich als mehr oder weniger Durchschnittsmensch noch nie gehört habe, nehmen noch mehr Geld in die Hand: Changsha satte 830 Mrd. Yuan, und Shaanxi eine Billion Yuan.

Das alles sind realwirtschaftlich relevante Ausgaben. Denn diese Summen gehen in den Bau von Landstraßen, Autobahnen, Kraftwerken, öffentliche Bauten, Kraftwerke, Staudämme...

Laut Handelsblatt umfasste das gesamte chinesische Konjunkturprogramm des Jahres 2009 („Go West") ungefähr die Hälfte. Klar, ein Teil wird auch diesmal in unnütze Projekte fließen oder durch Korruption verloren gehen. Der weitaus größte Teil aber wohl nicht.

Und das dürfte die Nachfrage nach strategischen Rohstoffen wie Kohle, Chrom, Molybdän, Eisenerz und auch Rhenium oder Vanadium anfeuern. Bei den großen Rohstoffen wie Kohle und Eisenerz fällt das natürlich ins Gewicht - aber noch stärker natürlich bei eher kleineren Rohstoffen. So findet sich die Hauptverwendung für Vanadium in der Stahlindustrie. Dort wird es in diversen Legierungen eingesetzt, insbesondere zur Verbesserung der Zähigkeit und Verschleißfestigkeit.

Um das mal in Relation zu setzen: Bei Kupfer liegt die weltweite jährliche Förderung im Bereich 15,8 Millionen Tonnen.

Die weltweite Minenförderung von Vanadiumerz lag im Jahr 2010 bei rund 56.000 Tonnen. Also bei rund einem Drittel Prozent der jährlichen Förderung bei Kupfer. Klare Sache, dass sich da einige Tausend oder Zehntausend Tonnen Änderung bei der Nachfrage ganz anders auswirken als bei Kupfer oder Eisenerz.

Übrigens ist China bei Vanadium weltweit der führende Produzent, mit einer Produktion von 23.000 Tonnen gingen rund 41% auf sein Konto. Ebenfalls große Produzenten sind Südafrika mit 18.000 Tonnen und Russland mit 14.000 Tonnen. Das war es im Wesentlichen; der gesamte Rest der Welt kommt lediglich auf ca. 1.000 Tonnen Jahresförderung.

Ich wünsche Ihnen eine erfolgreiche Woche!

Ihr

Michael Vaupel

Diplom-Volkswirt / M.A.

Chefredakteur Trader´s Daily



ähnliche Beiträge:
Mehr Konjunkturprogramme
So viele Konjunkturprogramme - Teil 2
Massive FED-Zinssenkung: Vertrauen in USD schwindet
2011 drohen massive Engpässe in der Rohstoffversorgung
China: Von der Werkbank zur Müllhalde der Welt
China-Provinzen: Tatsächliches Wirtschaftswachstum von 15%

[ixilon]

KOR

Sept. 11, 2012

Corvus Gold Announces $2M in Stock Option Exercise Funding for the Company

http://tmx.quotemedia.com/article.php?newsid=54191486&qm_sym…

[ixilon]

IDI

Sept. 11, 2012

Indico Announces Increase to Private Placement

http://tmx.quotemedia.com/article.php?newsid=54210754&qm_sym…

[boersenbrieflemming]

Dann ist die Familie ja fast komplett:


Balmoral Announces $5.0 Million Bought Deal, Flow-Through Private Placement
Balmoral Resources Ltd. BAR
9/12/2012 7:49:00 AM
Balmoral Announces $5.0 Million Bought Deal, Flow-Through Private Placement
http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n…

[ixilon]

TV

Sept. 12, 2012

Trevali's Santander Mine Construction Nears Completion

http://tmx.quotemedia.com/article.php?newsid=54233670&qm_sym…

[boersenbrieflemming]

Cardero Coal

Quiet coal on peace river
Article | Wed, 09/12/2012 - 10:50
Cardero Resource Corp. plans to mine coal in Canada and iron ore in Ghana. Since acquiring the Carbon Creek asset in northeastern British Columbia its corporate focus is on being an owner-operated coal producer committed to responsible and sustainable mining, with strong and positive stakeholder relationships.

Cardero has a vision, and delivering that vision is Michael Hunter, the dynamic and vastly experienced president and CEO who brought the world class asset to the company back in 2009. Carbon Creek is the oldest coal deposit in British Columbia, having first been explored as early as 1909, but it remained largely undeveloped until the 1970s, when a fairly extensive drilling program took place. During the downturn of the following decade interest declined, then from the 1990s and early 2000s the deposit became the subject of a legal dispute.

Enter the Coalhunter (the name of Hunter’s company, which secured the asset by bringing together the rival parties around the same table). Faced with the need to raise development capital Coalhunter was on the point of going public when Hunter and Henk van Alphen, CEO of Cardero, decided that these two companies already had the chemistry to make a success of the mine. “In 2011 I folded the company into Cardero. It was the best thing for everyone. And Cardero acquired a world class asset.”

So what is so great about Carbon Creek? Firstly, it is top grade coking, or metallurgical, coal. Around 88 percent of global coal resources are thermal coal, an oxidized coal that has calorific value but does not have the capacity to make coke which is part of the steel making process. That leaves 12 percent to fuel the steel plants in China, India, Korea and Japan.

For a long time thermal and met coal were priced almost at par, explains Hunter. “Even as recently as 2003 there was not a massive separation. At that time we were selling high grade met coal for $42 loaded into the boat. I doubt you could mine it for that price today!” By 2005 the market changed as China went from being a net exporter to a net importer of coal. Though prices fluctuate day to day the current differential stands at around $210 for met coal as opposed to $70 for thermal.

Michael Hunter is a very rare animal, a coal man who speaks Chinese, studied Chinese at the University of Alberta, has visited China regularly and has even worked for a Chinese coal brokering company, Canadian Dehua. “As the only Caucasian there I had no choice but to get a certain level of proficiency!” He’s an admirer of the achievements of China in pulling 600 million people, twice the entire population of the USA, out of poverty creating in just two decades the largest middle class in history. In turn this created a huge demand for energy from thermal coal, he says. “And it creates a huge demand for met coal too, because they have huge infrastructure requirements.”

Suggestions that China’s thirst for met coal will peak then collapse are way off the mark, he believes. “The truth is that steel production tends to settle at about 80 percent of peak, and 80 percent of China’s estimated peak demand is still a multiple of what they consume today.” Add to that the demand from Korea and Japan, countries with significant steel production and virtually no domestic coal and the market for metallurgical coal begins to look very sustainable indeed.

The other great thing about Carbon Creek is that it is very quiet compared to other deposits in the Peace River coalfield. That’s a technical term that needs unpacking. The coal deposits are more or less flat when laid down in the Jurassic era, around 100 million years ago. Since then a lot of tectonic activity has folded and broken them so that some coal seams are highly fractured and deformed. But Carbon Creek is quiet, which means that the resource containing some 137 million tonnes of minable coal has remained even and relatively flat from where it outcrops, and continuing underground. In British Columbia that is unique.

This means that the coal lends itself to both surface and underground mining. The plan is to start with conventional truck and shovel mining and to continue with that for two or three years, transitioning to highwall mining, a technique that extends the life and viability of the surface resource. About 60 percent of the resource lies well below the surface though, and that will have to be reached after about the seventh year of mining by a traditional ‘room and pillar’ operation. There will be a blend of methodologies, he says, but none of them particularly challenging, thanks to the amenable layout of the coal seams.

With the fundamentals of market and accessibility in place, there remains one key element before investors will take the risk of putting their money into any resource. That is performance. Cardero has already delivered, in just over a year, progress enough to gain the confidence of the market that the mine will be in production by its target date of 2014. “We have been fortunate in achieving some key milestones here over the last year,” claims Hunter.

The first of these was to get the right people in place, and a key appointment was that of Angus Christie as chief operating officer, an industry heavyweight with recent experience in the Peace River coalfield. Christie’s appointment in May was followed closely by the signing of a 15 year agreement with Ridley Terminals at Prince Rupert for the shipment of Carbon Creek’s coal. Also in May, the environmental baseline for the project was accepted, and in June it received its mining license from the Province of British Columbia. “Those four key factors have allowed us to do in the last seven or eight months what often takes several years to accomplish,” says Hunter.

The pace is not about to slacken. A pre-feasibility study will be out at the end of October this year, followed by a bankable feasibility study at the end of June 2013. “That will put us into a position to submit a mine application about the middle of 2013.” Allowing for the normal six-month processing period, he expects to be granted a license to operate by the British Columbian authorities by the end of next year, on target for first coal in the second half of 2014.

A beneficiation plant will be built on site to ensure that the coal is consistent, a key requirement of steel producers. “With met coal you have to hit your exact specifications every time.” Once clean, there are two potential routes to Prince Rupert, either by truck and train or by barge through Lake Williston to a railhead at Mackenzie; either way it will be delivered efficiently to Prince Rupert and the seaborne market.

Like most successful CEOs Hunter believes that people create success or failure. “I have no interest in mediocrity,” he says. So he wants to augment his team with the top talent in the business, not the best on the job market. Recruitment, he says, is about paying people enough so they are not always looking for a better deal. Retention is another matter. From 1993 Hunter spent almost a decade working for Bullmoose mine at Tumbler Ridge, much of it as a union representative. “We had two mines close to one another. One had about 30 percent turnover a year; the other three to four percent. The difference was in how the management team treated the workforce.”

People who feel they are genuinely valued for their opinion will enjoy going to work and perform better, he believes. In defiance of normal practice the blasters at Bullmoose took no instruction from the engineering team; they designed every blast throughout the life of the mine. “Who knows the geology and the quirks of the deposit better than the guys doing the job in the field? Use their expertise!” So the culture of this organization, and the speed with which it has shown it can deliver, depends on the consensus of every member of the workforce at Carbon Creek. “We have worked very hard to stay on track and our objective to 2014 is to stay there, show we can break the mold, and fast track the project to production.”

www.cardero.com

Written by John O’Hanlon; research by Richard Halfhide

[boersenbrieflemming]

Sorry, die Quelle nachgereicht:

http://www.bus-ex.com/article/cardero-coal

---

Es lohnt sich ein Klick auf die Flash-Animation.

[boersenbrieflemming]

Cardero ist fuer mich auch Neuland - wie ich gerade sehe, die erste Investition, bei der der CEO Gewerkschaftsfunktionaer (war mir neu) und Sozialdemokrat ist.

[boersenbrieflemming]

PRESS RELEASE
Sept. 13, 2012, 8:00 a.m. EDT
Corvus Gold Intersects Higher Grade Gold Zones During Resource Definition Drilling at Mayflower Deposit, North Bullfrog, Nevada


http://www.marketwatch.com/story/corvus-gold-intersects-high…

[ixilon]

China: Neue Infrastrukturprojekte führen zu deutlicher Erholung des Eisenerzpreises

13.09.12 - Commerzbank Corp. & Markets

Frankfurt (www.aktiencheck.de) - Als Reaktion auf die Ankündigung der National Development and Reform Commission (NDRC), der nationalen Planungsbehörde Chinas, Infrastrukturprojekte im Wert von umgerechnet rund 157 Mrd. USD freizugeben, hat der Eisenerzpreis merklich angezogen, so die Analysten von Commerzbank Corporates & Markets.

Der im chinesischen Hafen von Tianjin festgestellte Preis für Eisenerz sei von seinem Tief - Mitte letzter Woche sei mit 86,7 USD je Tonne der niedrigste Stand seit Oktober 2009 verzeichnet worden - innerhalb von nur vier Handelstagen um 15,6% auf 100,2 USD je Tonne gestiegen. Einen kleineren Einfluss auf den starken Preisanstieg dürfte auch die Entscheidung der Lokalregierung im indischen Bundesstaat Goa gehabt haben, dort vorübergehend alle Minenaktivitäten einzustellen, um gegen den illegalen Abbau vorzugehen. Aus Goa werde mehr als die Hälfte des gesamten indischen Eisenerzes exportiert.

Indien sei der weltweit viertgrößte Eisenerzproduzent und habe im letzten Jahr 240 Mio. Tonnen Eisenerz produziert. Trotz zuletzt wieder höherer Eisenerzimporte in China - diese seien im August auf ein 3-Monatshoch von 62,45 Mio. Tonnen gestiegen - seien die Lagerbestände in den chinesischen Häfen in den vergangenen beiden Wochen um knapp 3% auf 94,3 Mio. Tonnen gesunken. Dies deute auf eine anziehende Nachfrage hin. Allerdings zeige sich auch die lokale Eisenerzproduktion in Anbetracht der niedrigen Preise weiter relativ verhalten. Dies spreche aber wiederum für höhere Importe und sollte den Eisenerzpreis stützen. (13.09.2012/ac/a/m)

http://www.aktiencheck.de/analysen/Artikel-China_Neue_Infras…

[derschweizer]

Antwort auf Beitrag Nr.: 43.601.688 von ixilon am 13.09.12 18:44:35

das wird hingucker aber gar nicht gefallen

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.602.212 von derschweizer am 13.09.12 19:59:55

Das wohl auch nicht .... im Idealfall .... einfach wegbaggern ...

Cardero Announces Final Results from Ferricrete Reverse Circulation Drilling, Sheini Hills Iron Project, Ghana


Best intersections include:
RC Hole 114: 8 metres from surface, grading 40.46% Iron
RC Hole 123: 14 metres from surface, grading 41.56% Iron
RC Hole 124: 9 metres from surface, grading 45.63% Iron

Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces receipt of the final batch of reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana.

http://www.cardero.com/s/news_releases.asp?ReportID=547858

[Illex08]

Antwort auf Beitrag Nr.: 43.603.256 von boersenbrieflemming am 13.09.12 23:18:07

N'Abend Mädels.

Ich hab ja versprochen, dass es noch ein paar News gibt.
Das war Nr. 2 und in Kürze kommen weitere Ergebnisse.

"Final" bezieht sich ja nur auf die RC Holes, die sie in die Ferricrates gebohrt haben. Jetzt fehlen noch die letzten Löcher in die ironstone ridges ganz im Norden
und dann kann die Rechnerei beginnen.

Bin mal gespannt, was dabei raus kommt.

Illex

[gustel66]

Antwort auf Beitrag Nr.: 43.603.363 von Illex08 am 13.09.12 23:48:40

...na hoffentlich kommt die Multi Billion Dollar Company dabei raus...

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.603.458 von gustel66 am 14.09.12 01:46:37

Ich bin da schon bescheidener - aber bewegen sollte sie sich jetzt im Vorfeld der PFS ruhig mal ein wenig.

[stockrush]

aber bewegen sollte sie sich jetzt im Vorfeld der PFS ruhig mal ein wenig.

Ein wenig..oder auch mehr. Also über 1$ sollte sie schon endlich gehen.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.604.717 von stockrush am 14.09.12 11:16:46

Der ganze Kohle und Eisenbereich sieht nicht gut aus - vielleicht bekommen wir aber wieder den bekannten Effekt (auch mit dem Stimulus 2.0):

Rio Tinto sees growth in China's iron ore demandUpdated: 2012-09-14 19:10 By DU JUAN ( chinadaily.com.cn) Comments(0)PrintMailLarge Medium Small
0
China's steel output will increase up to 40 percent from now to 1 billion metric tons by 2030, which will create increasing iron ore demand, said Tom Albanese, chief executive of Rio Tinto Plc, on Sept 14 in Beijing.

He said that even though China's economic growth is slowing down, he expects it to happen in a sustainable way.

"For the iron ore business, we never make decisions based on half-year or one-year market prices. We consider a long-term view, such as five years, or 10 years," he said.

To meet China's demand for iron ore resources, Rio Tinto — the world's third largest miner by market capitalization — plans to invest $16 billion this year globally mainly in its mining businesses, which include iron ore, copper, coal and aluminum.

China's economic development in the last 10 years was too fast and not sustainable. In the next 10 years, the country's growth will slow down, but in a more sustainable way, he added.

Imported iron ore prices have been falling dramatically recently, which resulted in less investment in commodities and some downsizing plans in the mining industry.

However, Albanese said that Rio Tinto has the lowest costs, so it still can maintain its profitability during tough times.

http://www.chinadaily.com.cn/china/2012-09/14/content_157596…

[wasn]

Antwort auf Beitrag Nr.: 43.605.693 von boersenbrieflemming am 14.09.12 14:10:15

die Edelmetalle sind offensichtlich schon vor vier Wochen aufgewacht:



Chartüberblick:

http://www.boerse.de/charts/NYSE-Arca-Gold-BUGS-HUI-/XC00096…

[stockrush]

Deshalb sollte die Cardero-Aktie auch allmählich aufwachen.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.606.153 von stockrush am 14.09.12 15:42:36

Nun, heute gab es ja einiges an Volumen ...

CDY: 0.795 USD +0.025 +3.2% 51.8k
CDU: 0.76 CAD +0.02 +2.7% 355.8k

--

Bei mir bekannt durchschnittlichen Produktionskosten von 150 Dollar in Australien - sehe ich bei met coal das Ende der Fahnenstange erreicht. Bei der Heizkohle sieht es noch duesterer aus, das tangiert uns aber nur peripher.

Die PFS sollte Klarheit bringen.

[boersenbrieflemming]

SEDAR Interim Financial Statements
Ticker Symbol: C:CDU

SEDAR Interim Financial Statements

Cardero Resource Corp (C:CDU)
Shares Issued 92,853,454
Last Close 9/13/2012 $0.74
Friday September 14 2012 - SEDAR Interim Financial Statements

This filing is available at:

http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx…
---
SEDAR MD & A

Cardero Resource Corp (C:CDU)
Shares Issued 92,853,454
Last Close 9/13/2012 $0.74
Friday September 14 2012 - SEDAR MD & A

This filing is available at:

http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx…

Beides morgen gegen Mittag auch via Sedar.com zu finden.

[boersenbrieflemming]

Norwest have been retained to complete a prefeasibility study (“PFS”) which is anticipated to be completed in Q3 2012. The report will utilize data collected during Q3 and Q4 2011, including 15,500 metres of drilling, large diameter core washability testing results, surface and sub-surface geotechnical data and hydrogeological and hydrological data, as well as a new resource estimate, detailed mine scheduling and planning, and more detailed economic analysis of the Carbon Creek project. The primary purpose of the PFS will be to refine capital and operating costs, refine mine phasing and production rate, optimize value by considering alternative development options and by to undertake evaluation of options by trade-off studies.

Quelle: akt. MD&A, Seite 12

--

Mal schauen, was uns da erwartet. ;-)

[boersenbrieflemming]

und noch der Rest an News:


Cardero Announces Results from 2012 Annual General Meeting
Ticker Symbol: C:CDU U:CDY X:FRANKFURT:CR5

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 09/14/12

Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that all motions put forward for shareholder approval passed at its 2012 Annual General Meeting held September 13th in Vancouver, British Columbia.

Re-elected to the Board of Directors were: Hendrik Van Alphen, Leonard Harris and Stephan Fitch. Joining the Board of Directors are: Paul Matysek, Ryan Dunfield and the Company's President & CEO, Michael Hunter.

Michael Hunter, President and CEO, stated: "I am very confident that Mr. Matysek's and Mr. Dunfield's extensive experience in capital markets, together with their comprehensive understanding of mergers and acquisitions, will be extremely valuable to the Company and our shareholders as we advance our Carbon Creek Metallurgical coal deposit."

Mr. Matysek is the former CEO and Founder of Lithium One Inc. Under Mr. Matysek's stewardship, Lithium One Inc. developed a leading lithium brine resource in Argentina and was just recently acquired by Galaxy Resources Ltd. (July 2012). Previously, Mr. Matysek was the co-founder, CEO and President of Energy Metals Corporation ("EMC") (2005 to August 2007). Under Mr. Matysek's stewardship, EMC, a pure uranium mining and development company, was acquired by Uranium One Inc. in a billion dollar plus transaction. He is also the former President and CEO of Potash One Inc., a Saskatchewan based potash exploration company (November 2007 to March 2011) acquired by K+S Aktiengesellschaft in March 2011 for $450 million in an all cash deal. A professional geoscientist with more than 25 years' international experience, Mr. Matysek holds a Master of Science degree in Geology. He is a recognized entrepreneur, specializing in developing resource-based companies from conception to production, and has held or holds senior management and/or director positions with several natural resource exploration and development companies. Mr. Matysek is currently a director of Nevada Copper Corp., Aurcana Corp. and a number of other natural resource companies.

Mr. Dunfield is Vice President with the Vancouver, B.C. private equity group Second City Capital Partners, and its affiliate, Gibralt Capital Corporation. Mr. Dunfield is heavily involved with the acquisition and divestiture of portfolio companies within the resource sector. Previous to Second City Capital Partners, Mr. Dunfield worked in the debt capital markets, with exposure to corporate banking, leveraged finance and loan syndications. Mr. Dunfield received a Bachelor of Economics and Finance from the University of Calgary.

The Company would like to thank Mr. Murray Hitzman and Mr. Lawrence Talbot for their respective years of service, guidance and expertise to Cardero's Board of Directors. Mr. Talbot will continue being a valuable member of Cardero's management team as Vice President & General Council.

The Company also reports the appointment of PricewaterhouseCoopers, LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending October 31, 2012, and the approval of the Company's 2012 Incentive Stock Option Plan.

ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of Cardero Resource Corp.

Michael Hunter, CEO and President

NR12-26

Contacts:
Cardero Resource Corp.
Nancy Curry
Corporate Communications
604 638-3287

Cardero Resource Corp.
General Contact
604 408-7488 or Toll Free: 1-888-770-7488
604 408-7499 (FAX)
[e-mail]
www.cardero.com

[boersenbrieflemming]

EXTRACT from Steel Business Briefing....
"Australia's central bank bullish on China ore demand - The urbanization of China will continue to drive demand for iron ore exports from Australia for decades to come, according to a report by the Reserve Bank of Australia (RBA). China's urban population is forecast to grow 42% over the next two decades and in 2010 alone China constructed more residential floor space than the entire dwelling stock in Australia, the report released on Thursday said."
In this subject area, what's good for Australia is good for Africa, and perhaps Cardero as well..

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&…

--
Es freut mich sehr, dass valuePro wieder dabei ist ...

[boersenbrieflemming]

Rio Tinto bets on China growthUpdated: 2012-09-15 09:02 By Du Juan ( China Daily)

Nation to feature strongly in planned $16b investment, says mining chief

The chief executive of Rio Tinto Plc, the world's third-largest miner by market capitalization, is confident of continued economic growth in China, and says his company is planning further expansion worldwide, in anticipation of a recovery of the steel market in the country. ...

und das waere dann der Stimulus 2.0:

..

"The Chinese central government has carried out a series of policies to stimulate the economy, which we believe will lead to a gradual improvement in iron ore demand," he said. "We are betting on the next round of the growth cycle."


..



http://www.chinadaily.com.cn/business/2012-09/15/content_157…

[boersenbrieflemming]

Immerhin wieder ueber 100 USD/t

... Although the Chinese government announcement of a USD 158 billion infrastructure stimulus package last week pushed physical prices back up to around USD 100 per tonne, market sources cited an uncertain macroeconomic picture and have reported skepticism from Chinese steel mills towards buying new cargoes. As such, the expectation is continued volatility in physical prices, at least throughout the fourth quarter ...

http://www.steelguru.com/raw_material_news/Critical_mass_rea…

[boersenbrieflemming]

.... und weiter geht es ...

Iron ore prices climb, signs of China steel demand pickup

... A 165,000-tonne cargo of Australian 61-percent grade Pilbara iron ore fines was sold at $109 per tonne on the China Beijing International Mining Exchange on Tuesday, up from a previous deal of $106.23, an iron ore trader in Hong Kong said. ...

http://www.brecorder.com/markets/commodities/asia/80139-iron…

[boersenbrieflemming]

Ich fand den Artikel ganz interessant, die Bloomberg-Schaetzung von 175 USD/t geht ja noch konform mit der Byron-Schätzung. Ich gehe auch davon aus, dass Cardero wesentlich günstiger als zum Beispiel der australische Durchschnitt produzieren können.

Bloomberg reported that prices could settle around the US$175/ton mark, 25 percent below contracts signed three months earlier.

Contract coking coal prices have maintained a premium of $10 to $20 over spot prices, indicating some hope. However, the previous contract price of $225/ton is said to have been inflated due to supply disruptions coming out of the Australian basin.

http://resourceinvestingnews.com/43168-coking-coal-prices-th…

[boersenbrieflemming]

Die PFS kommt ja diesen Monat noch. :-)

... und in der Tat freue ich mich auf die neuen Zahlen.

[ixilon]

KOR

Sept. 18, 2012

Corvus Gold's JV Partner Reports Positive Drill Results at West Pogo Project, Alaska

http://tmx.quotemedia.com/article.php?newsid=54375740&qm_sym…

[ixilon]

ABS

Sept. 18, 2012

Abzu Gold Announces Update to Stonehouse Investment Proposal

http://tmx.quotemedia.com/article.php?newsid=54370749&qm_sym…

[boersenbrieflemming]

Auch das wird dem weiteren Preisverfall entgegenwirken, neben den ueberall zu lesenden Produktionsstopps bei hohen Foerderkosten (Bsp. Patriot). Es werden Minen, die guenstiger produzieren koennen interessant und deswegen hoffe ich auf gute Kalkulationen im Rahmen der PFS - kalkulieren sie erfolgreich mit 170-180 USD/t - (und stimmt das Verhaeltnis HCC und SSCC) dann koennen wir eine Carbon Creek Mine sehen.

"Queensland's new coal royalties upset miners

Australia’s biggest miners say the Queensland government’s move to hike royalties on coal operations will cause more job losses, mine closures, and investment delays in the sector.

The country’s top coking coal and thermal coal exporters, BHP Billiton (BHP-N, BLT-L) and Xstrata (XTA-L), have already closed high-cost operations, deferred expansions and reduced its workforce in the wake of sliding prices, rising costs and a strong Australian dollar."



http://www.northernminer.com/news/queenslands-new-coal-royal…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.620.627 von boersenbrieflemming am 19.09.12 12:23:40

Neben diesen ganzen traurigen Kohle-Schlagzeilen immer wieder Lichtblicke fuer unser Hauptprodukt: met coal

"Alpha, based in Bristol, Va., will now focus on expanding metallurgical coal operations, with the expectation that those markets will rebound.

...

At the same time, Alpha, which has 1.5 billion tons of metallurgical-coal reserves and the ability to export up to 30 million tons a year, said it expects demand for metallurgical coal to grow from new steel mills planned or under construction in Asia, South America and elsewhere."

http://online.wsj.com/article/BT-CO-20120918-704653.html

[boersenbrieflemming]

Bei Trevali sollte es bald losgehen ...

Trevali Mining Corporation (TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) ("Trevali" or the "Company") announces that Dr. Valentin Paniagua Jara has been appointed to the Board of Directors of the Company.

http://www.sys-con.com/node/2368324

[ixilon]

Miningscout - Ingrid Heinritzi - 19 / 09 / 2012

Chinas Pläne treiben Eisenerz

http://www.miningscout.de/Kolumnen/Chinas_Plaene_treiben_Eis…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.622.327 von ixilon am 19.09.12 17:52:03

Ja, Tim Luca´s Mining Scout. Immer schoen zu lesen ...

[v8er]

Ich frag mich nur, wieso die CDU bei den ganzen "angeblichen" guten Nachrichten nicht gen Norden geht

[Sstocktrader]

das ist sehr einfach zu erklären ... kohle und eisen sind einfach nicht gefragt ... that`s it

ist aber bei CDU schon immer so gewesen ...

[boersenbrieflemming]

So, man kann nun bei Sheini anfangen zu rechnen. ;-)

Cardero Announces Final Drill Results from Sheini Hills Iron Project, Ghana
View PDF
Highlights include:

Hole 63: 51.60 metres from surface, grading 48.50% Iron
Hole 64: 48.00 metres from surface, grading 47.38% Iron

Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY) announces receipt of the final batch of high-grade drill results from Phase I drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana. The Phase I drill program was completed in August 2012 and all results have been received in full.

Highlights include Hole 063, which returned 51.60 metres from surface grading 48.50% iron, including 16.00 metres grading 50.81% iron. Four of the seven cross-sections reported in this release (1014950N, 101440N, 1013050N and 1012800N) have weighted averages ranging from 41.1% iron to 43.92% iron, reflecting the generally higher-grade results returned from the northern portion of the drill area.

"We are delighted to have completed what was a very successful Phase I exploration and drill program at Sheini." stated Michael Hunter, Cardero's President and CEO "The identification and successful acquisition of the Sheini Hills project added a second high-quality asset to Cardero's portfolio. With a positive long-term view on bulk commodities, we expect this quality asset to provide future shareholder value."

The program focussed on a core 9 kilometre-long zone of outcropping haematite-ironstone ridges with peripheral surface ferricretes. A total of 67 diamond drill holes have been completed with results received for all holes (58 diamond drill holes were submitted for assay, while 9 holes were drilled for geological interpretation and metallurgical testing).

Regional work, including satellite interpretation, airborne geophysical surveys and verification mapping have identified an additional 24 kilometres of potential ironstone deposits, which will be drill-tested in Phase II.

SRK Consulting has been retained to complete a maiden resource estimate report in accordance with NI 43-101. SRK anticipates completion and dissemination of the report in Q4 2012. ...


http://www.cardero.com/s/news_releases.asp?ReportID=548912

[ixilon]

ECC

Sept. 19, 2012

Ethos Completes Second Phase of Exploration at Betty Project, White Gold District, Yukon

http://tmx.quotemedia.com/article.php?newsid=54425339&qm_sym…

[Illex08]

Zitat von boersenbrieflemming: So, man kann nun bei Sheini anfangen zu rechnen. ;-)

So, jetzt schaun mer mal.
Sie waren zumindest sehr zügig mit der Auswertung der Bohrkerne.

Das die Resourcenschätzung auf Q4 verschoben wurde kann ich bei der Menge an unterschiedlichen Ausformungen sogar verstehen.

Das nimmt ja Züge an wie bei der Marcona Mine...

Illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.628.653 von Illex08 am 21.09.12 02:16:31

Viele Erzkörper ueber besagte 9km, die zusammengrechnet werden müssen ... mal abwarten, ich gehe mal davon aus, dass die Ressourcenschaetzung punektklich im Q4 kommt.

[boersenbrieflemming]

Indico Closes $3,318,420 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

http://www.marketwire.com/press-release/indico-closes-331842…

[boersenbrieflemming]

Cardero Resource
Thick intersections and good grades atSheini Hills
Event


Assay results from diamond drilling at Sheini Hills.
Cardero reported assayresults from 10 diamond drill holes targeting the ironstone ridges at the SheiniHills iron ore project in Ghana. The holes reported in this set of results are mainlyfrom the northern area of the deposit. Highlights from drilling include Hole 55,which intersected 89.7m grading 46.2% Fe, 81m from surface, Hole 45, whichintersected 113.4m grading 35.5% Fe, 8m from surface, and Hole 48, whichintersected 106.0m grading 37.4% Fe starting at surface. The full set of the assayresults reported are included in the body of the report
Impact


Good widths and consistent grades.
The reported assay results show generallythick intersections that start at or near surface. The reported grades areconsistently strong between 35% and 45% Fe, which is in line with previouslyreported drill results from the ironstone ridges.


Working towards a maiden resource in 4Q12.
Cardero remains on track torelease a maiden resource estimate for the Sheini Hills project in 4Q12. Theresource will be based on the now completed Phase 1 drill program, whichincluded 9.2k metres of diamond drilling, which tested the ironstone ridges over astrike length of 9km and 1.9k metres of RC drilling, which targeted the surfaceferricrete deposits on site. We note that both the ironstone and ferricrete targetsare hematite dominated, with little magnetite content identified to date.
Earnings and target price revision


No change.
Price catalyst


12-month price target: C$2.25 based on a discount to NAV methodology.Catalyst: A resource estimate for Sheini Hills in 4Q12. A pre-feasibility study onCarbon Creek in 3Q12. Strength in the bulk commodity prices.
Action and recommendation


We maintain our Outperform rating and C$2.25 target price.
We remainencouraged by the exploration success at Sheini Hills and believe that the assayresults from the ironstone ridges combined with the initial results from RC drillingat the ferricrete targets are adding to the value of the project. We believe Carderoremains committed to ultimately monetizing its interest in Sheini Hills to stayfocused on the Carbon Creek metallurgical coal deposit in north-eastern BritishColumbia. The stock continues to offer good value at current levels trading at adiscount of 68% to our NAV estimate of $2.45/sh, which includes only a modest$10m estimate for Sheini Hill


http://www.scribd.com/doc/106549192/Cardero-Resource-Macquar…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.631.335 von boersenbrieflemming am 21.09.12 15:29:42

....ist recht aktuell: 6 September 2012
Macquarie Capital Markets Canada Ltd

[boersenbrieflemming]

Sieht so ein wenig nach positiver PFS aus (Häuser und Kurs) ...

[boersenbrieflemming]

US export executive sees Q2 2013 met coal recovery Saturday, 22 September 2012 | 00:00
US producers of export metallurgical coal have had to endure a steady pace of spot and contract price cuts - and have had to shut production - but a turnaround is in sight, according to a major US coal exporter. ....

http://www.hellenicshippingnews.com/News.aspx?ElementId=1a76…


REE: Australia’s met coal export volume to rise 14% in 2012

http://www.steelorbis.com/steel-news/latest-news/bree-austra…

[boersenbrieflemming]

geniessen .... ;-)

[boersenbrieflemming]

Cardero Announces Positive Prefeasibility Study Results, Carbon Creek Deposit, Northeast British Columbia
Ticker Symbol: C:CDU U:CDY X:FRANKFURT:CR5

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 09/23/12

Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) announces the results of the Prefeasibility Study ("PFS") for the Carbon Creek Metallurgical Coal deposit, located in northeast British Columbia, Canada. Valuation highlights are summarized below:

----------------------------------------------------------------------------

US$, Post-Tax, Post NPI                Price(i)    IRR    NPV8  NPV10  NPV12

----------------------------------------------------------------------------

Best Case (5-year historical Metcoal                                        

 pricing)                                $187/t   27.0%  $819M  $616M  $462M

Base Case (independent marketing                                            

 consultant)                             $174/t   23.7%  $633M  $465M  $338M

Low case (analyst consensus on long-                                        

 term price)                             $143/t   13.1%  $191M   $99M   $30M

----------------------------------------------------------------------------

Table 1: Carbon Creek Prefeasibility Valuation Results (Post-Tax, Post NPI).

 (i)Price presented is average price based on relative proportions of coal  

 products sold over mine life: 60% Hard Coking Coal, 34% HV metallurgical   

 Coal, 6% Thermal (near-surface oxidized coal).                     

PREFEASIBILITY STUDY HIGHLIGHTS
Increased Measured & Indicated Resource from 166Mt to 468Mt
Established initial Proven and Probable Reserve of 121Mt (initial 20 year
mine life)
Increased average clean coal production rate from 2.9Mtpa to 4.1Mtpa (2016
to 2034)
Total clean coal production currently estimated at 78.4Mt over mine life
Percentage of hard coking coal increased from 35% to 60% of planned
production
Pre-production capital reduced to $217M from $301M
Capital of $475M required to bring the project to full production
Reduced operating cost from $114 to $110/tonne FOB
First coal production planned for Q4 2014
Positive cash-flow within three years of production
Base case NPV8 $633M on a post-tax, post NPI basis, with 23.7% IRR
Undiscounted cash flow valuation of $2,132M
All dollar values throughout this news release are in US$. Comparisons are
drawn from the PEA.

Angus Christie, Cardero's COO stated, "I believed when I joined the Company that we had an opportunity to turn the Carbon Creek asset into one of the largest producing, lowest cost operators in the region. This report demonstrates that we are in position to turn our expectations into reality and establish this asset as the benchmark against which other developments in the region will be evaluated".

President and CEO, Michael Hunter stated, "I am very pleased to see this project be advanced on schedule and below the pre-production capex outlined in the 2011 preliminary economic assessment. The results demonstrate the remarkable skills of a management team that has worked tirelessly on our shareholder's behalf. The task in front of us is to continue to stay on schedule and on budget as we prepare ourselves for a planned production commencement in Q4 2014."

PREFEASIBILITY STUDY

Norwest Corporation ("Norwest") is preparing a National Instrument 43-101 ("NI 43-101") Technical Report and Prefeasibility Study ("PFS") on the Carbon Creek Metallurgical Coal Deposit. The effective date of the Prefeasibility Study is September 20, 2012 and for the updated resource estimate is September 5, 2012. The final version of the Norwest Report will be filed on SEDAR and made available through the Company's website within 45 days of this news release, and investors are urged to review the Norwest Report in its entirety once it becomes available.

The PFS provides a substantially broader and more detailed evaluation of the Carbon Creek deposit than was published in the late 2011 Preliminary Economic Assessment ("PEA"). The report includes the results of an extensive exploration drilling program that was completed in December 2011. These additional drill results have translated into an increased resource estimate and allowed portions of the measured and indicated resources to be converted to proven and probable reserves. A more detailed and definitive mine design and production schedule is presented as an outcome of this. Various mine development options have been evaluated by way of trade-off studies. The resulting go-forward cases will be incorporated in the full feasibility study. Finally, an updated discounted cash flow model, based on more detailed mine scheduling and capital estimates, has been completed and is presented in this summary.

MINERAL RESOURCE ESTIMATE

A resource estimation of the Carbon Creek property was completed in accordance with the procedures and criteria of Geological Survey of Canada ("GSC") Paper 88-21 as required by NI 43-101. The coal resources were reported from a MineSight(TM) software generated 3D block model. Numeric seam identifiers, coal volumes and resource limiting criteria were coded into the 3D block model from gridded surface files representing the extent of the surface and underground coal resource in accordance with GSC Paper 88-21 guidelines and within the Cardero license application areas. The mineral resource estimates for surface and underground moderate geology-type coal reported from the current Carbon Creek geologic model are outlined in Table 2. The resource statement is current as of September 5, 2012.

Carbon Creek has an estimated 468 million tonnes ("Mt") of in-place coal resources in the measured and indicated categories plus 232 Mt in the inferred resource category. Inferred mineral resources are excluded from the PFS for the purposes of mine planning and financial evaluation. Table 2 breaks these resources into surface and underground tonnes.


----------------------------------------------------------------------------

Deposit Type    ASTM Coal Rank   Measured (Mt) Indicated (Mt)  Inferred (Mt)

----------------------------------------------------------------------------

Surface                    mvB             197             31             32

----------------------------------------------------------------------------

Underground                mvB             143             97            199

----------------------------------------------------------------------------

Total                      mvB                            468            232

----------------------------------------------------------------------------

Table 2: Classification of Resource - Carbon Creek Property - September 5,  

 2012                                                                       

The resource outlined in Table 2 represents a substantial increase in coal resource tonnes from Norwest's PEA estimates. The increase is due to inclusion of additional drill hole data in the resource calculations that was previously not available to Norwest. The data identified a total of 28 seams of economic potential and provided sufficient spatial coverage for the expansion of the resource area.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources shown in this table have been excluded from the PFS for the purposes of mine planning and financial evaluation. Mineral reserves are included in measured and indicated mineral resources.

MINERAL RESERVE ESTIMATE

Based on the geological model developed by Norwest a general mining layout was prepared for surface, highwall and underground mining areas. Applying mining parameters and economic analysis, a coal reserve tonnage estimate was developed for each mining method as shown in Table 3.

----------------------------------------------------------------------------

                                                    ROM Tonnes  Clean Tonnes

Mining Method                                       (millions)    (millions)

----------------------------------------------------------------------------

Surface                                                     56            38

----------------------------------------------------------------------------

Highwall                                                    14             7

----------------------------------------------------------------------------

Underground                                                 52            33

----------------------------------------------------------------------------

Combined Total                                             121            78

----------------------------------------------------------------------------

Table 3: Proven and Probable Coal Reserves Through Year 2034                

The Company cautions that the accuracy of resource and reserve estimates is, in part, a function of the quality and quantity of available data and of engineering and geological interpretation and judgment. Given the data available at the time this report was prepared, the estimates presented herein are considered reasonable. However, they should be accepted with the understanding that additional data and analysis available subsequent to the date of the estimates may necessitate revision. These revisions may be material. There is no assurance that any mineral resources, other than those already identified in the PFS as proven or probable reserves, will ultimately be reclassified as proven or probable reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There is no guarantee that all or any part of the estimated resources or reserves will be recoverable.

MINING METHODS

The nature of the geology of the Carbon Creek Project lends itself to employing several mining methods to maximize the recovery of the resource and the resultant project economics. The proposed mining methods include underground room and pillar mining with continuous miners, surface contour and area mining using hydraulic excavators and trucks and highwall mining Figure 1 (page 25). After a short ramp up period, all mining methods will be employed concurrently throughout the 20 year mine plan. Average clean coal full production rate is 4.085 million tonnes per annum ("Mtpa") through mine life (2016 to 2034). Peak production of 5.1Mtpa is achieved in 2022.

Surface mining is projected to occur in two areas designated as the Northern Surface Mine and the Central Surface Mine. The Northern Surface Mine is adjacent to Seven Mile Creek on the north side of the Carbon Creek property. The Central Surface Mine is just north of Nine Mile Creek. The underground mining operations are projected to have two sets of portals approximately three kilometers north of Seven Mile Creek and three sets of portals approximately two kilometers south of Seven Mile Creek. Highwall mining will occur throughout the surface mining areas along the outcrops of the various seams after contour mining has taken place.

Surface contour mining will begin first in 2014 simultaneously in the North and Central areas which will allow areas for highwall and underground mining to be developed. Surface contour mining will continue throughout the life of the mine. Surface area mining will commence in 2016 in both the North and Central areas of the mine and will also continue for the life of the mine. Highwall mining will also commence in 2016 in both areas of the mine. Underground mining will commence in 2016 in the North area of the lease with one continuous miner ("CM") unit operating and ramping up to six CM units by 2019.

Run-of-mine ("ROM") production from the Northern Surface Mine, including highwall mining, ranges from 1.1 Mtpa to 1.8 Mtpa and averages 1.4 Mtpa over the mine life. The ROM strip ratio averages 12:1. Overburden will be removed using two 22 cubic meter class excavators and eight 173 tonne class haul trucks operating on a seven day, 20 hour per day schedule. One highwall mining unit will operate, producing 450,000 tonnes per year. Clean coal production is expected to be hard coking coal except for a small amount of thermal coal produced from the oxidized zone along the crop lines. Clean coal production ranges from 0.6 to 1.3 Mtpa and averages 0.9 Mtpa over the mine life.

ROM production from the Central Surface Mine, including highwall mining, ranges from 1.4 Mtpa to 3.8 Mtpa and averages 2.3 Mtpa over the mine life. The ROM strip ratio averages 7:1. Overburden will be removed using two 22 cubic meter class excavators and eight 173 tonne class haul trucks operating on a seven day, 20 hour per day schedule. One highwall mining unit will operate, producing 450,000 tonnes per year. Clean coal production is expected to be semi-soft coking coal except for a small amount of thermal coal produced from the oxidized zone along the crop lines. Clean coal production ranges from 0.8 to 3.0 Mtpa and averages 1.5 Mtpa over the mine life.

Production from the underground room and pillar mine operations is from five separate seams with a minimum thickness of 1.2 metres. Underground mining commences with Seam 15 in 2016 and expands to Seam 14 in 2018 with separate portals for each seam. Underground mining operations ramp up from one CM to six CM units between 2016 and 2019. As mining reserves in Seam 15 and Seam 14 are depleted, CM units are re-located south to the three sets of portals for seams 31, 27 and 40. ROM production, subsequent to the three year ramp up, ranges between 2.6 Mtpa to 3.3 Mtpa and averages 3.0 Mtpa. Clean coal saleable product from the underground mining operations is expected to be hard coking coal and is projected to range from 1.6 Mtpa to 2.1 Mtpa with an average saleable production rate of 1.9 Mtpa.

ROM and clean coal production by area and mining type is summarized in Table 4 below. Chart 1 illustrates ROM tonnes for underground and surface operations, presented in year of sale, together with total clean coal tonnes and EBIDTA (Earnings Before Interest, Taxes, Depreciation and Amortization).

----------------------------------------------------------------------------

                                                    ROM Tonnes  Clean Tonnes

                Mining Method/Area                  (millions)    (millions)

----------------------------------------------------------------------------

Northern Surface Mine Area Mining                         16.6          11.3

                      ------------------------------------------------------

                      Contour Mining                       4.8           3.3

                      ------------------------------------------------------

                      Highwall Mining                      5.4           2.6

                      ------------------------------------------------------

                      Total Northern Surface Mine         26.8          17.2

----------------------------------------------------------------------------

Central Surface Mine  Area Mining                         26.7          18.5

                      ------------------------------------------------------

                      Contour Mining                       7.8           5.4

                      ------------------------------------------------------

                      Highwall Mining                      8.6           4.4

                      ------------------------------------------------------

                      Total Central Surface Mine          43.1          28.3

----------------------------------------------------------------------------

Underground Mines     Room & Pillar Mining                51.5          32.9

                      ------------------------------------------------------

                      Total Underground Mines             51.5          32.9

----------------------------------------------------------------------------

Combined Total                                           121.4          78.4

----------------------------------------------------------------------------

Table 4: Life-of-Mine Production by Area and Mining Type

To view the Chart 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/cardero_resources_chart1.p…

MINERAL PROCESSING AND METALLURGICAL TESTING

Preparation Plant Design

Prior to beneficiation, rotary breakers will size and de-stone the coal. The Coal Processing Plant ("CPP") will be a single-module operation rated at a nominal 1200 tonnes per hour ("tph") of raw feed and feature parallel, size-specific processes. The plant will be robust in design with targeted ROM coal throughput of 7.2 Mtpa at a 68% effective utilization.

A heavy media bath circuit will wash the 150mm x 10mm stream, followed by crushing to reduce the top size to 50mm. This process was selected to avoid the need for a thermal dryer. A large-diameter heavy media cyclone will wash the 10mm x 1mm stream along with reflux classifiers for the 1mm x 0.25mm and two-stage froth flotation for the minus 0.25mm streams.

Each sub-product stream will employ mechanical dewatering centrifuges. Pressure filtration will be used on the minus 45 micron material. Total product moisture values for each seam are projected to be below 8% by weight.

A small temporary plant will be established to support first coal production anticipated in 2014 and early 2015 and is allowed for in the capital estimates.

Sampling and Testing

Drilling conducted by Cardero included a select number of large diameter (150mm) cores for the purpose of obtaining representative washability and carbonization data. One drill-core per seam was obtained. At the time of this report Seams 14 and 15 are being drilled but no laboratory results are yet available.

Coal Seam Quality and Characterization

Samples of each of the major seam target products collected in the bulk large diameter core ("LDC") drilling program were assembled as simulated seam products (SSP). Each seam SSP was analysed for caking and plasticity, petrographics, and in some cases, carbonization tests. As noted above, primary data for Seams 14 and 15 are not yet available; reporting of these data was derived from secondary sources.

The coal from Carbon Creek will fall into two main logical groups: medium volatile ("mid-vol") hard coking coal ("HCC") and a mix of non-HCC mid-volatile and high volatile bituminous coals. The lower coals seams (seams 14, 15, 27, 31 and 40), will be marketed as mid-vol HCC. While Seam 40 is currently included in this group, the most recent analytical, petrographic and carbonization results indicate this may be a semi-soft coking coal. However, previous Utah washability data from 1976 indicates that Seam 40 is dissimilar from the current analytical data. These may indicate a seam correlation error. To resolve this issue, petrographic fingerprint comparisons with other drill cores into Seam 40 are planned. The salient clean coal quality data based on the laboratory results for Seams 14 through 40 are listed in Table 5. The coal seams above Seam 40 will be targeted as either semi-soft or PCI products depending on market pricing at the time of production. The key quality characteristics of these seams can be found in Table 6. Of particular note are Seams 46 and 47. These mid-vol coals are very low ash and may be suitable candidates for a premium PCI market owing to their relatively high fixed carbon content.

----------------------------------------------------------------------------

Parameter                      Basis                  Seam                  

                                    ----------------------------------------

                                          40      31      27      15      14

----------------------------------------------------------------------------

Proximate analysis                 %                                        

Moisture                          ad     0.8     1.1     0.7     1.0     1.0

Ash                               ad     8.5     5.0     6.1     3.1     5.4

Volatile matter                   ad    31.3    27.2    26.4    25.6    23.0

Volatile matter                 dmmf    35.0    29.1    28.6    26.9    24.8

Fixed carbon                      ad    59.5    66.8    66.8    70.3    70.6

Sulphur                           ad     1.3     0.7     0.8     0.9     0.8

Phosphorus                        ad   0.049   0.036   0.096   0.060   0.125

----------------------------------------------------------------------------

Hardness index (HGI)                 approx. approx. approx. approx. approx.

                                          55      60      68      69      71

----------------------------------------------------------------------------

Caking and Plasticity Tests                                                 

CSN/FSI - Lab Results              -       7       6       8   4 1/2   5 1/2

CSN/FSI - Process Simulated        -   6 1/2   5 1/2   5 1/2   5 1/2   5 1/2

CSN/FSI - Process Simulation                                                

 adjusted                          -       -       -       -       7       7

Gieseler Plastometer Test          -       -       -       -       -       -

Max fluidity                    ddpm      21       6       8       2       3

Dilatometer Test (Ruhr)            -       -       -       -       -       -

Max contraction                    %     20%     22%     22%     23%     22%

Max dilation                       %     18%    -12%       -       -       -

----------------------------------------------------------------------------

                                                                            

Vitrinite Reflectance                                                       

Mean Maximum, Romax                %    0.94    1.04    1.16 1.21(i) 1.25(i)

Composition Balance Index               0.85    0.85    0.83    1.63    1.83

----------------------------------------------------------------------------

Base - Acid Ratio of Ash                0.16    0.18    0.05    0.35    0.14

----------------------------------------------------------------------------

Carbonization                      %                                        

Petrographic Prediction                                                     

DI 30/15 (JIS)                     -    86.2    93.8    94.2       -       -

Stability (ASTM)                   -    31.0    54.0    61.0       -       -

Coke Tests                         -       -       -       -       -       -

CSR                                -    42.3    53.3    64.1       -       -

CRI                                -    36.6    34.0    26.3       -       -

ASTM Coke Tumbler Test             -       -       -       -       -       -

Stability                          -       -       -       -      48      54

Hardness                           -       -       -       -    63.0    54.0

----------------------------------------------------------------------------

Table 5: Hard Coking Coal Quality Characteristics from SSP ("-" no data     

 available at this time,(i)Utah Mines data)          

--------------------------------------------------------------------------

Parameter                   Basis                   Seam                  

                                  ----------------------------------------

                                       58B     58A      55      54      52

--------------------------------------------------------------------------

Proximate analysis              %                                         

Moisture                       ad      1.5     1.1     1.2     0.9     1.3

Ash                            ad      6.0     4.5     4.6     2.9     6.7

Volatile matter                ad     30.9    31.3    30.6    29.1    31.8

Volatile matter              dmmf     33.7    33.5    32.8    30.5    35.1

Fixed carbon                   ad     61.6    63.2    63.6    67.2    60.2

Sulphur                        ad      0.8     0.9     0.7     0.8     1.3

Phosphorus                     ad    0.053   0.009   0.088   0.018   0.036

--------------------------------------------------------------------------

Hardness index (HGI)               approx. approx. approx. approx. approx.

                                        48      52      48      47      52

--------------------------------------------------------------------------

Caking and Plasticity Tests                                               

CSN/FSI - Lab Results           -        3       3   2 1/2       2   3 1/2

CSN/FSI - Process Simulated     -        3   3 1/2   2 1/2   2 1/2   3 1/2

Gieseler Plastometer Test       -        -       -       -       -       -

Max fluidity                 ddpm        2       1       2       2       3

Dilatometer Test (Ruhr)         -        -       -       -       -       -

Max contraction                  %      27      13      25      26      28

Max dilation                     %       -       -       -       -       -

--------------------------------------------------------------------------

                                                                          

Vitrinite Reflectance                                                     

                                                                          

Mean Maximum, Romax              %    0.90    0.89    0.94    0.96    0.89

Composition Balance Index        %    0.62    0.57     0.7    1.28    0.71

--------------------------------------------------------------------------

Base - Acid Ratio of Ash              0.06    0.27    0.07    0.06    0.33

--------------------------------------------------------------------------

Carbonization                    %                                        

Petrographic Prediction         -        -       -       -       -       -

DI 30/15 (JIS)                  -     89.6    86.2    91.4    91.7    89.6

Stability (ASTM)                -     38.0    31.0    43.0    44.0    38.0

                                                                          

                                                                          

                                                                          

--------------------------------------------------------------------------



------------------------------------------------------------------

Parameter                   Basis               Seam              

                                  --------------------------------

                                       51A      51      47      46

------------------------------------------------------------------

Proximate analysis              %                                 

Moisture                       ad      1.0     1.5     1.0     0.9

Ash                            ad      3.0     5.8     5.0     2.5

Volatile matter                ad     29.6    30.2    25.5    26.5

Volatile matter              dmmf     30.6    32.9    27.4    27.6

Fixed carbon                   ad     66.8    62.5    68.5    70.1

Sulphur                        ad      0.7     0.8     1.2     0.8

Phosphorus                     ad    0.017   0.034   0.022   0.005

------------------------------------------------------------------

Hardness index (HGI)               approx. approx. approx. approx.

                                        52      52      52      52

------------------------------------------------------------------

Caking and Plasticity Tests                                       

CSN/FSI - Lab Results           -        2   2 1/2       2   2 1/2

CSN/FSI - Process Simulated     -    3 1/2       3   2 1/2       3

Gieseler Plastometer Test       -        -       -       -       -

Max fluidity                 ddpm        1       2       1       1

Dilatometer Test (Ruhr)         -        -       -       -       -

Max contraction                  %      17       3       5      15

Max dilation                     %       -       -       -       -

------------------------------------------------------------------

                                                                  

Vitrinite Reflectance                                             

                                                                  

Mean Maximum, Romax              %    0.91    0.95    1.01    0.99

Composition Balance Index        %     1.7    1.67    1.67    1.35

------------------------------------------------------------------

Base - Acid Ratio of Ash              0.07    0.63    0.12    0.14

------------------------------------------------------------------

Carbonization                    %                                

Petrographic Prediction         -        -       -       -       -

DI 30/15 (JIS)                  -     90.4    92.6    89.6    92.0

Stability (ASTM)                -     40.0    47.0    38.0    45.0

                                                                  

                                                                  

                                                                  

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Table 6: Semi-Soft Coking / PCI Coal Characteristics ("-" no data available 

at this time)                                                               

Projected Coal Quality

Norwest applied the Carbon Creek washability data collected from the LD cores and other historical sources to its Limn flowsheet simulation software to develop the process design for the CPP and plausible product quality. The target product ash contents were determined by maintaining heavy media densities within practical and industry norms. All of the coal seams, with the exception of Seam 40, display excellent separation characteristics. Table 7 lists the projected seam qualities for the hard coking coal seams.

----------------------------------------------------------------------------

           Inherent     Surface       Total                    Sulphur      

Seam       Moisture    Moisture    Moisture Ash (ar) Ash (ad)     (ad)   FSI

----------------------------------------------------------------------------

14              1.0         6.8         7.7      5.5      6.0     0.72   6-7

15              1.0         5.9         6.8      4.6      5.0     0.84   6-7

27              0.7         5.7         6.4      5.6      6.0     0.77   6-7

31              1.1         5.9         7.1      5.6      6.0     0.67   6-7

40              0.8         6.4         7.1      7.9      8.5     1.24   6-7

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Table 7: Hard Coking Coal Product Quality                      

Table 8 lists the projected seam qualities for the semi-soft coking / PCI coal seams.

----------------------------------------------------------------------------

             Inherent   Surface     Total                       Sulphur     

Seam         Moisture  Moisture  Moisture  Ash (ar)  Ash (ad)      (ad)  FSI

----------------------------------------------------------------------------

46                1.3       5.6       6.8       2.3       2.5      0.81  2-4

47                1.0       6.0       6.9       4.7       5.0      1.18  2-4

51                1.5       5.3       6.7       5.6       6.0      0.81  2-4

51a               1.0       4.9       5.9       2.8       3.0      0.71  2-4

52                1.3       5.0       6.2       5.6       6.0      1.28  2-4

54                0.9       4.7       5.6       2.8       3.0      0.81  2-4

55                1.2       4.1       5.3       4.3       4.5      0.68  2-4

58a               1.1       5.7       6.7       4.7       5.0      0.91  2-4

58b               1.5       4.7       6.1       5.2       5.5      0.83  2-4

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Table 8: Semi-Soft Coking / PCI, Coal Product Qualities       

ROM coal will be crushed and sent to a coal washery where ash will be removed through heavy media separation of the coarse fractions and floatation for the fines fractions. Wash plant yields have been estimated on average at 68% for surface mined coal and 62% for underground mined coal. Individual yield and indicative clean coal specifications will be presented in more detail in the 43-101 report.

Industry experience has shown that under plant operating conditions, coking properties are often somewhat improved due to more accurate extraction and washing that keeps the coal wetted reducing the propensity of oxidation. It is therefore expected that actual plant performance may result in an improvement of the stated coking properties. The results are from different exploration programs, and there is evidence that due to handing and aging of samples, properties such as fluidity and Free Swelling Index are probably understated. In addition, research has shown that laboratory methods based on the use of organic liquids, as is the case in the testing carried out on the Carbon Creek coals, may cause some reduction in fluidity and coke strength.

SURFACE INFRASTRUCTURE

Coal from the underground mine portals in the north and south of the property will be delivered to the coal processing plant, located at Carbon Inlet, by overland conveyors to two hard coking coal ROM storage domes, each with a capacity of 90 thousand tonnes ("Kt"). Each of the streams will be fed into a rotary breaker for de-stoning prior to delivery to the ROM storage domes. Semi soft / PCI ROM from the Northern and Central surface mines as well as the contour mining operations will be trucked to the tip, and fed into either the single thermal or two semi soft / PCI coal ROM storage domes (capacities of 25Kt and 70Kt respectively), after de-stoning in a rotary breaker. Provision has been made for emergency ROM stockpile areas in addition to the storage domes.

Following beneficiation, the respective clean coal products will be fed into hard coking, semi soft / PCI and thermal storage domes of 80Kt, 50Kt and 20Kt respectively (or emergency stockpiles) prior to loading onto barges. Product logistics will be controlled from the plant site to ensure that clean coal is fed directly onto trains at Mackenzie without the need for domes or stockpiles at the rail loop.

The administration block, mine dry, maintenance shop and warehouses will be located adjacent to the plant site at Carbon Inlet. Each of the underground mine portals will be serviced by satellite warehouses and personnel facilities.

Power for the mining operation will be fed via a BC Hydro power line from the electricity supply facility at the WAC Bennett Dam. Distribution on the mine site will be via a main substation located at the plant site, and further distribution through appropriately located substations at each of the mining operations. Maximum power demand will range from 8 MW at the commencement of the mine to approximately 25 MW at full production.

Water for the operation will be sourced from Williston Reservoir. However, maximum use will be made of water captured from runoff drains and recycled water from the plant.

Access to the mine site will be via the Johnson Creek Forestry Service Road which will be upgraded to accommodate the anticipated high volume of personnel transport and material delivery vehicles.

MANPOWER REQUIREMENTS

Manpower requirements to operate and maintain the surface and underground mines and coal processing plant are shown in Table 9.

----------------------------------------------------------------------------

Area                              Hourly Workers   Supervisory        Totals

----------------------------------------------------------------------------

Mine Management and Administration             0            41            41

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Surface Mine                                 244            36           280

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Underground Mine                             397            91           488

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Prep Plant                                    58             9            67

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Totals                                       699           177           876

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Table 9: Manpower Requirements - Surface Mine and Underground Mine at Full  

 Production     

TRANSPORTATION

In the PEA, delivery of clean coal from mine site to rail head was by truck on a route southward from the mine, delivering coal to a proposed rail loadout 69 kilometres ("km") to the south. This original proposal utilized the existing Johnson Creek Forest Service Road ("FSR") and the existing Calezone FSR, connecting the two roads with a combination of road extensions and a tunnel approximately 4km in length.

Detailed analysis of the route as part of the current Prefeasibility Study identified a number of potential capital, construction, operating and permitting risks. In particular, the proposed truck route required completion of the infrastructure ahead of first coal shipment, which offered no opportunity for reduced preproduction capital and no tolerance for construction delays.

As a result, a number of coal transportation alternatives were considered for the PFS. A go-forward decision has been made to utilize Williston Reservoir as a barge transportation route, delivering coal to the railhead at the town of Mackenzie. The proposed barging route is from Carbon Inlet, close to the northern limit of proposed mine operations, through Williston Reservoir to the town of Mackenzie; a distance of approximately 175km. At Mackenzie, coal would be off-loaded to the existing rail head and transported by rail to port.

The barge route offers considerably lower technical, capital and regulatory risks. Capital requirements have been more easily benchmarked against existing projects and capital intensity is considerably reduced in comparison with the original truck route proposed. Moreover, capital requirements are reduced prior to first coal and escalate towards full production, representing a considerable pre-production capital saving and operating costs represent a significant saving over the truck haul proposal. Technical risk is considered to be low since all aspects of the construction and operation have precedents in the bulk-handling and coal transportation industries. Additional options such as rail barges may prove to be incrementally more efficient and are currently being considered as alternatives in the full Feasibility Study.

Should permanent facilities not be established prior to the shipment of coal in 2015, temporary barging and coal handling arrangements will be made, utilizing existing equipment by way of lease or rental arrangements.

HEALTH AND SAFETY

Cardero is committed to the application, fostering and continual development of a safety culture for all employees, consultants and contractors, the tracking and reporting of Health and Safety ("H&S") performance measures and progress towards the development of corporate and operation-specific Health and Safety Management System, to be established throughout mine development and operations, consistent with the OHSAS 18001 standard. The H&S policy has been applied to all field activities undertaken during the 3-year exploration drilling program, and elements of a more comprehensive and widely-applied corporate H&S program have, and continue to, evolve, as the Project expands in scope.

ENVIRONMENT AND PERMITTING

Cardero will develop an operation-specific environmental management systems throughout mine development and operations, consistent with the ISO 14001 standard; moreover, appropriate standards of environmental performance consistent with Mining Association of British Columbia Environmental Principles and elements of the Mining Association of Canada's Toward Sustainable Mining initiative.

The key component of the Carbon Creek Environmental Assessment ("EA") process is the collection of environmental baseline data within the Carbon Creek Project area, as required by the pre-application EA process. The Carbon Creek Project Description has been completed and accepted (a Section 10 Order was issued by the Environmental Assessment Office ("EAO") on May 9th, 2012), and a first draft Application Information Requirements ("AIR") for an Environmental Assessment Certificate ("EAC") application was submitted to EAO on July 5th, 2012. Completion of the AIR - subsequent to further review by a working group and public consultation - is anticipated by Q4 2012, followed by the preparation of an effects assessment (Q1 2013), and submission of the final EAC Application (Q2 2013). In addition to completion of the EAC Application process, environmental and associated mine permits must be obtained prior to full-scale mining.

As part of the EA, a closure and reclamation plan will be developed, in order to assure the long-term sustainability of the property. Moreover, when the Carbon Creek mine begins active operations, an Environmental Management Plan will be developed throughout mine construction and as it begins to operate.

The EAC and permitting schedule, which will encompass most of the project permits required, is anticipated to be as follows:

----------------------------------------------------------------------------

Environmental Assessment Certificate (EAC)                                  

----------------------------------------------------------------------------

Submission of EA report/application to the EAO and CEAA              Q2 2013

----------------------------------------------------------------------------

Review by EAO and CEAA                                     Q2 2013 - Q4 2013

----------------------------------------------------------------------------

Decision from Minister of Environment                                Q1 2014

----------------------------------------------------------------------------

Table 10: Environmental Assessment Certificate                              

                                                                            

                                                                            

                                                                            

----------------------------------------------------------------------------

Environmental and Mine Permits                                              

----------------------------------------------------------------------------

Applications for construction-phase and associated permits           Q2 2013

----------------------------------------------------------------------------

Application for operational, closure-phase, associated mine and             

 effluent permits                                                    Q4 2013

----------------------------------------------------------------------------

Construction-phase permit issuance                                   Q1 2014

----------------------------------------------------------------------------

Table 11: Environmental and Mine Permit Application                         

In addition to environmental monitoring conducted in support of baseline studies, Cardero has also taken steps to minimize the environmental impact of the operation through careful planning and progressive modification of the mine design. The PFS mine plan minimizes surface footprint through implementation of underground operations. Additionally, surface operations include highwall mining techniques, which minimize the need to move waste rock and, as a result, the amount of waste rock generated. The surface operations include two conventional open-pit operations where sequential back-filling with waste rock will maximize the benefit of progressive reclamation throughout the mine life. Water for mine operation will be sourced from Williston Reservoir, rather than depleting groundwater resources. In addition, the water management plan includes re-use and recycling of water from the processing plant. Most significantly, the proposed plant design will not require a tailings impoundment, a unique feature within the Peace River coalfield operations.

Delivery of coal to railhead via barging on Williston Reservoir significantly reduces the footprint of mine operations, which would otherwise have required a 69km haul road and construction of a tunnel or overland conveyor within the previously proposed route. Additionally, barging will significantly reduce the potential carbon footprint of the operation. Covered dome storage facilities have been included in the mine plan to minimize particulate coal dust in the air.

Cardero establishes mutually-beneficial relationships with the communities in which, and near which, it operates; moreover, it maintains knowledge of, and sensitivity to, the needs of neighbouring communities and local cultures, in particular, First Nations Cardero also consults with communities to develop a process to manage communications, activities and address local concerns; and, applies a local preference hiring policy.

In conjunction with other EA activities, Cardero has undertaken extensive consultation and engagement with provincial and federal government representatives, First Nations and local community stakeholders. Consultations with local and regional First Nations groups are required as part of the EA process. The level of consultation varies depending upon whether lands are within, or have any impacts on, traditional territories identified under Treaty 8. Successful First Nations consultation provides the groundwork for obtaining a social license for the project to operate.

COAL MARKETING

An independent market analysis was prepared and provided by Kobie Koornhof Associates. A summary of the results and conclusions from the report dated September 17, 2012 is provided below.

Based on coal washability, three products have been identified for sale on the international seaborne market:


-- Carbon Creek hard coking coal ("HCC") - comprising the Lower Seams
(Seams 14-40);

-- Carbon Creek high volatile metallurgical coal ("HV Metcoal") -
comprising the Upper Seams (Seams 46-63), which would be suitable either
as a semi-soft coking coal ("SSCC"), or a PCI; and,

-- Carbon Creek thermal coal - comprising oxidized or partially-oxidized
coal typically occurring close to surface.

The quality characteristics of the three coal products were compared to a series of benchmark coals traded internationally, to arrive at appropriate pricing:


-- Carbon Creek HCC is evaluated at a US$10 per tonne discount to the
generally reported coking coal benchmark pricing;

-- Carbon Creek HV Metcoal is benchmarked on the basis of both the semi-
soft and the PCI coals. As a High Vol PCI coal, the price is taken as
85% of the price of the prime Low Volatile PCI coals; as a High Vol
semi-soft coking coal, it is benchmarked at a US$8 per tonne discount
off the price of the major semi-soft coals;

-- Carbon Creek Thermal is compared with New South Wales (NSW) thermal
coals contracted to the Japanese Power Utilities (JPU); based on heat
value differentials, Carbon Creek Thermal is priced at a 12% premium to
the NSW thermal coals.

A series of analysts' price forecasts were combined with an independent price outlook and five-year historical pricing to arrive at long-term price scenarios for the Carbon Creek products. HV Metcoal pricing is the average between SSCC and LV PCI pricing. The Carbon Creek HV Metcoal product could be committed to either the SSCC or PCI markets. This approach to pricing reflects the optionality which can be employed through mine life, adjusting the coal product specification to ensure optimum market acceptance.

Using base-case pricing, the average realized Free On Board ("FOB") price over mine life is $173/tonne; this has been calculated based on mine production and relative proportions of coal products produced year-on-year. Mine products are 60% HCC, 34% HV Metcoal and 6% Oxidized (thermal) coal.

The Base Case assumes no global supply disruption (which would drive prices higher), with a gradual and sustained recovery in demand.

The Low Case assumes that in 2014 and 2015 coking coal benchmark prices remain more or less at the forecast 2013 level, before dropping to a long-term level of $175/tonne. This is predicated on a stagnant demand scenario, with Chinese growth severely curtailed, and import coal pricing largely determined by the economics of Chinese domestic coking coal supply.

Prices in the High Case follow the Base Case until 2016. From 2017, prices are taken as the average price over the last 5 years.

----------------------------------------------------------------------------

                                     Independent Market                     

                  Analyst Long Term        Opinion         5-Year Average   

                                                                            

                      LOW CASE            BASE CASE           HIGH CASE     

                              Carbon              Carbon              Carbon

                 Benchmark     Creek Benchmark     Creek Benchmark     Creek

----------------------------------------------------------------------------

Hard Coking Coal      $175      $165      $210      $200      $227      $217

HV Metcoal            $127      $113      $153      $137      $172      $148

Semi-Soft Coking                                                            

 Coal                 $131      $111      $158      $134      $175      $149

LV PCI                $123      $115      $147      $139      $168      $160

Thermal                $87       $96      $103      $115      $106      $119

Average Realized                                                            

 Price Over Mine                                                            

 Life                           $143                $174                $187

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Table 12: Coal Product Pricing Assumptions. Average base case coal price    

 over LOM is $174/t                                                         

                                                                            

                                                                            





----------------------------------------------------------------------------

Product                                          % Production Over Mine Life

----------------------------------------------------------------------------

Hard Coking Coal                                                         60%

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HV Metallurgical Coal (Semi-Soft / PCI)                                  34%

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Thermal (Near Surface Oxidized Coal)                                      6%

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Table 13: Relative Product Volumes as percentages of mine production.       

It is expected that the coal quality results based on samples from the 2012 drilling program, washed and prepared using non-organic liquids, will be superior to the historical results.

Canadian coals in general are sought after for the strength exhibited by the resultant coke under blast furnace conditions. These qualities, which can be tested during carbonization in a pilot coke oven, are measured by ASTM Stability, Hardness and Coke Strength after Reaction (CSR). Evidence from Sole Heat Oven testing of individual seams, together with results from coke oven testing in the 1970s, indicate CSR values for the blended Carbon Creek HCC in a 55-65 range, with a likely final CSR value of around 60.

Cardero has entered into a contract with Ridley Terminals which provides port capacity for Cardero for a portion of the projected coal sold from the Carbon Creek Property. The agreement has a 15 year term from January 1, 2014 to December 31, 2028, with provision to extend the term by three years to December 31, 2031. Contract volume is set at 500,000 tonnes per annum ("tpa") through 2014, increasing to 900,000 tpa in 2015. The agreement is subject to Ridley Terminals receiving Federal Government approval for addition of a fourth stacker / reclaimer that will increase capacity from 24 Mtpa to 30 Mtpa. Cardero has been advised by Ridley that approval is expected in 2012.

CAPITAL COST ESTIMATE

Capital required to bring the project to a production level at which all mining operations are established totals $475M and includes expenditure for, mine development, coal handling and preparation, barge and rail loading facilities, surface facilities, site access, power and a contingency. Capital requirements to first production total $217M. All major surface and underground mining equipment is assumed to be leased with varying terms for underground and surface mining equipment. The total value of the mining equipment being leased is $180M. Annual lease payments at full production total $27M and $19M for surface equipment and underground equipment respectively for the duration of the respective five and three year terms. All equipment is assumed to be purchased at the end of the lease term for the stated residual value. Replacement equipment is assumed to be leased under the same terms. Lease payments for mining equipment total $338M over the mine life.

Total capital, excluding equipment leasing costs, is $839M over the mine life.

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                           Pre-production      Ramp Up   Sustaining         

$ Million                     2013 - 2014  2015 - 2017  2018 - 2034    Total

----------------------------------------------------------------------------

ROM Coal Handling                     $30          $54          $38     $122

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Clean Coal Handling                    $8          $23           $3      $33

----------------------------------------------------------------------------

Coal Preparation Plant                $23          $47          $13      $83

----------------------------------------------------------------------------

Refuse and Tailings                                                         

 Handling                              $0           $2         $0.5       $3

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Barges, Tug, and Facilities           $65           $0          $32      $97

----------------------------------------------------------------------------

Surface Facilities                    $34          $34           $6      $74

----------------------------------------------------------------------------

Site Access and Power                 $10          $14           $0      $24

----------------------------------------------------------------------------

Miscellaneous                         $25           $5           $9      $39

----------------------------------------------------------------------------

Underground Mine                                                            

 Infrastructure                        $2          $26          $53      $81

----------------------------------------------------------------------------

Underground Mine Equipment             $0          $28         $134     $162

----------------------------------------------------------------------------

Surface Mine Equipment                 $1           $3          $42      $46

----------------------------------------------------------------------------

Contingency at 10%                    $20          $23          $33      $76

----------------------------------------------------------------------------

Total Capital                        $217         $258         $363     $838

----------------------------------------------------------------------------

Cumulative Capital                   $217         $475         $838         

----------------------------------------------------------------------------

Table 14: Capital Requirements Over Mine Life

OPERATING COST ESTIMATE

Operating costs have been estimated for the surface, highwall and underground mines based on required equipment hours, labour hours and materials and supplies and estimated contract rates as applicable to each mining method. These costs are shown in Table 15 on a unit basis for each mine and the CHPP.

----------------------------------------------------------------------------

Operating Area                                                Cost      Unit

----------------------------------------------------------------------------

Average Direct Mining Cost including Processing              61.11       $/t

----------------------------------------------------------------------------

Barge, Rail and Port Handling                                36.75       $/t

----------------------------------------------------------------------------

Indirect Costs (G&A, mineral tax, reclamation)               12.57       $/t

----------------------------------------------------------------------------

Total                                                       110.43       $/t

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Table 15: Summary of Average LOM Operating Costs   

PROJECT ECONOMICS

Norwest prepared an economic model in US$ (estimated up to +/-30% accuracy) that captures direct costs, including labor, equipment, materials, production taxes and royalties. Indirect costs including corporate overhead, mineral tax and property tax were added to the model along with depreciation of purchased equipment and facilities. A cash flow calculation was prepared on an after tax basis using an average FOB price of $173 per saleable tonne and an average clean coal production of 4.1Mtpa. Clean coal production increases from 0.75Mtpa to 3.5Mtpa over the first five years of production and then averages 4.4Mtpa, ranging from 2.7Mt to 5.2Mt, for the remaining mine life of fifteen years.

Pre-production cash outflows total $243M over the estimated two year initial development and construction period (preproduction capital, plus working capital and costs associated with first coal production). Production begins in Q4 2014 with coal sold in 2015. Construction continues through 2015 with additional cash outflow of $210M for a total of $453M through complete development and construction. Cash flow is positive beginning in 2016 and payback occurs approximately 7 years after the initial cash outflow. After payback and providing for the net proceeds interest ("NPI"), cash flow averages$145M per year for a total net cash flow of$2,100M over the life of the mine for Cardero's 75% interest.

Pre-tax NPV and IRR is presented in Table 16. Post-tax, post NPI NPV and IRR is presented in Table 17.

----------------------------------------------------------------------------

                            Price(i)       IRR      NPV8     NPV10     NPV12

----------------------------------------------------------------------------

Best Case (5-year average                                                   

 Metcoal pricing)             $187/t     31.6%   $1,144M     $877M     $674M

Base Case (independent                                                      

 marketing consultant)        $174/t   27.8.0%     $896M     $676M     $509M

Low case (analyst                                                           

 consensus on long-term                                                     

 price)                       $143/t     15.5%     $313M     $195M     $106M

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Table 16: Carbon Creek Pre-Tax Prefeasibility Valuation Results

          

                                                                            

                                                                            

                                                                            

----------------------------------------------------------------------------

                                   Price(i)     IRR     NPV8   NPV10   NPV12

----------------------------------------------------------------------------

Best Case (5-year historical                                                

 Metcoal pricing)                    $187/t    27.0%   $819M   $616M   $462M

Base Case (independent marketing                                            

 consultant)                         $174/t    23.7%   $633M   $465M   $338M

Low case (analyst consensus on                                              

 long-term price)                    $143/t    13.1%   $191M    $99M    $30M

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Table 17: Carbon Creek Prefeasibility Valuation Results (Post-Tax, Post     

 NPI).      
                                                                



SENSITIVITY ANALYSIS



Sensitivity of the economics regarding coal sales price, direct mining costs and capital expenditures were evaluated. The results are summarized in Table 18.





----------------------------------------------------------------------------

                                                    IRR   NPV8  NPV10  NPV12

----------------------------------------------------------------------------

Base Case Pricing                                 23.7%   $633   $465   $338

----------------------------------------------------------------------------

High Case Pricing                                 27.0%   $819   $616   $462

----------------------------------------------------------------------------

Low Case Pricing                                  13.1%   $192    $99    $30

----------------------------------------------------------------------------

10% Increase in Direct Mining Costs                 22%   $551   $397   $281

----------------------------------------------------------------------------

10% Increase in Capital Costs                       22%   $605   $438   $312

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Table 18: Sensitivity Analysis ($millions)         
                         



Given the high margins, the project is more sensitive to changes in coal prices than it is to changes in direct mining costs and capital costs. The 10% increase in capital cost does not result in any significant change in NPV because it delays the effect of the net profits interest. Table 19 summarizes the key results of the Prefeasibility Study.





----------------------------------------------------------------------------

Resource - Measured & Indicated                                Mt       468 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Underground Reserve Tonnes                                     Mt        51 

----------------------------------------------------------------------------

Mean Plant Recovery                                            %         64%

----------------------------------------------------------------------------

Underground Clean Coal Tonnes                                  Mt        32 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Surface Mineable Tonnes                                        Mt        70 

----------------------------------------------------------------------------

Mean Plant Recovery                                            %         65%

----------------------------------------------------------------------------

Surface Clean Coal Tonnes                                      Mt        46 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Total Clean Coal Tonnes Produced                               Mt        78 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Surface Mining Minimum Seam Thickness                          M        0.6 

----------------------------------------------------------------------------

Surface Mining Average Strip Ratio - Northern Surface Mine     Ratio   12:1 

----------------------------------------------------------------------------

Surface Mining Average Strip Ratio - Central Surface Mine      Ratio    7:1 

----------------------------------------------------------------------------

Underground Mining Minimum Seam Thickness                      M        1.2 

----------------------------------------------------------------------------

Underground Mining Overall Extraction                          %         53%

----------------------------------------------------------------------------

Full Production Rate Clean Coal per Year (2016-2034)           Mt/yr    4.1 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Capital Costs to First Production (With Equipment Leasing)     M$      $217 

----------------------------------------------------------------------------

Capital Costs to Full Development                              M$      $475 

----------------------------------------------------------------------------

Sustaining Capital LOM                                         M$      $364 

----------------------------------------------------------------------------

Value of Leased Equipment                                      M$      $180 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Northern Surface Mine OPEX ROM Basis                           $/t       51 

----------------------------------------------------------------------------

Central Surface Mine OPEX ROM Basis                            $/t       33 

----------------------------------------------------------------------------

Highwall Mining OPEX ROM Basis                                 $/t       17 

----------------------------------------------------------------------------

Underground Mine OPEX ROM Basis                                $/t       44 

----------------------------------------------------------------------------

Northern Surface Mine OPEX Clean Coal Basis                    $/t       75 

----------------------------------------------------------------------------

Central Surface Mine OPEX Clean Coal Basis                     $/t       48 

----------------------------------------------------------------------------

Highwall Mining OPEX Clean Coal Basis                          $/t       42 

----------------------------------------------------------------------------

Underground Mine OPEX Clean Coal Basis                         $/t       69 

----------------------------------------------------------------------------

Processing OPEX                                                $/t        4 

----------------------------------------------------------------------------

Average direct mine costs (incl. equipment lease) Clean Coal                

 Basis                                                         $/t       61 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Transportation & Port Costs                                    $/t       37 

----------------------------------------------------------------------------

Total FOB Cost                                                 $/T      110 

----------------------------------------------------------------------------

FOB Price Long-Term Base Case                                  $/t      174 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Gross Revenue LOM                                              M$    14,692 

----------------------------------------------------------------------------

Operating Costs LOM                                            M$    10,073 

----------------------------------------------------------------------------

Pre-Tax Operating Cash Flow LOM                                M$     4,619 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Post-Tax NPV 8 (75% Basis)                                     M$       633 

----------------------------------------------------------------------------

Internal Rate of Return (75% Basis)                            %         24 

----------------------------------------------------------------------------

Post-Tax NPV 8 (100% Basis)                                    M$       878 

----------------------------------------------------------------------------

Internal Rate of Return (100% Basis)                           %         27 

----------------------------------------------------------------------------

                                                                            

----------------------------------------------------------------------------

Total Undiscounted Post-Tax Cash Flow (75% Basis)              M$     2,133 

----------------------------------------------------------------------------

Table 19: Carbon Creek Project Key Parameters and Assumptions       
        



SIGNIFICANT RISK FACTORS



Exploration and future mining operations do not utilize unique technologies that might be subject to challenge by third parties. However, the project will need to successfully progress through and complete the EA process, as well as other permitting processes. First Nations consultation is an important element of the project development that requires a great deal of commitment, so that consensus is reached among parties to support the long-term sustainability of the project. Engagement has been initiated and continues in order to obtain First Nations support for early project activities. First Nations members are employed in the ongoing exploration program, and there is a plan to involve First Nations members in environmental monitoring and other future activities. Also, hiring and training mining personnel, particularly underground miners, will be challenging given the tight labor market in the region. Environmental considerations, in particular water quality and potential direct and indirect impacts to wildlife population and habitat will need to be comprehensively addressed during the EA process. None of these issues represent insurmountable hurdles, and given a pro-active approach with good process management, the project should be able to advance beyond this PFS to the feasibility stage of investigation.



SUMMARY



Based on the results of this PFS, Norwest has reached the following conclusions:





1.  There are sufficient mineable tonnes of various grades of metallurgical

    and thermal coal in the Carbon Creek resource area to produce

    approximately 4.1Mtpa saleable coal for a 20 year period. 



2.  No fatal flaws have been identified at this stage of project

    development. 



3.  Pre-production capital costs, estimated at $217M will be required to

    bring this project into production. Additional capital estimated at a

    total of $475M will be required to bring the project to full production.

    Sustaining capital of $364M will be required over the remaining life of

    the mine. 



4.  Operating costs per tonne of clean coal average $74 (mining & processing

    costs plus indirect costs). 



5.  At the base price scenario for the various products averaging $174/t,

    this project is expected to generate positive cash flows and achieve an

    internal rate of return (IRR) on investment of 24%. 



NEXT STEPS



Norwest have provided a number of recommendations for additional work, leading to completion of a full feasibility study.



Development Drilling - The results of the 2012 drilling program should be included in the geological database and a new geological model produced for the Feasibility Study.



Mine Planning Refinement - Additional refinement of the geologic model along with a detailed mine plan is recommended and will yield a revised and more accurate recoverable reserve base. This work should be completed at the Feasibility level of project evaluation. Optimum production plans and methods should be analyzed. One example for further study is to examine the applicability of underground longwall mining rather than room and pillar mining.



CHPP Design and Construction - Prior to proceeding with the project for detailed design and construction, Norwest recommends that additional studies be performed to better characterize the coals to ensure proper equipment design. The best available information and best practices were implemented in the design of the system, although additional information will supplement the database for final design.



Washability Study - Utilizing with large diameter core drilling which is in progress as part of the 2012 field program.



Seam Characterization - Further metallurgical characterization of main seams and potential blends.



Waste - Materials characteristics tests for the projected refuse materials.



Environmental Load Study - including temperature ranges, wind load, and expected snow and rain precipitation are being collected and when the results are available they should be used for additional detailed design.



Geotechnical Studies - Geotechnical sampling and detailed core logging have been conducted in the 2011 drilling program and continues with the 2012 drilling program. The data is being used to develop a current rock mechanics database. This data should be used to further refine the mine plans for both surface and underground mines. A full investigation of the foundation material around the plant and surface facilities area as well as the waste impoundment area is required. Anecdotal information was used in this design study using best practices and information from similar projects in the area, although site construction will require further studies. Detailed geotechnical data is being collected as part of the 2012 field program.



Water Supply - Hydrology - Additional work on the property should include well completions and pump tests for defining groundwater characteristics and establishing monitor wells for baseline permitting data. A water recovery and aquifer study will be required prior to project implementation. For this study, it was assumed that a sufficient supply will be available. This PFS includes general assumptions with regard to surface water management plans and structures. A surface water management plan will need to be developed using site specific data relative to precipitation, ground water interception from mining, mine plans, surrounding topography and drainages.



ADDITIONAL AND BACKGROUND INFORMATION



CARBON CREEK PROPERTY



The Carbon Creek property lies approximately 40km west of the town of Hudson's Hope and 60km northwest of the town of Chetwynd, BC. Improved forest service roads connect the property with British Columbia Highway 29 between the towns of Hudson's Hope and Chetwynd. The nearest city is Fort St. John (population 18,300) located 110km east of property and is connected to the towns of Hudson's Hope and Chetwynd by Highway 29. The CN Rail line, which will be used to deliver the product to Ridley Terminals at Prince Rupert, passes 40km south of the property. The northern end of the property is adjacent to the Williston Reservoir and is approximately 175 km east of Mackenzie, BC by water.



The property is located in the Inner Foothills of the Canadian Rocky Mountains and was historically explored and evaluated by Utah Mines between 1971 and 1981. There was a hiatus in coal exploration from the early 80's to 2010 when Coalhunter Mining Corporation ("Coalhunter") completed an eight-hole validation drilling program. In June 2011, Cardero completed a plan of arrangement to acquire Coalhunter.



In June 2011, Norwest estimated a NI 43-101 compliant resource using historic (pre-2010) and 2010 validation drilling data only. In this report an estimated total resource of 114.0 million tonnes (Mt) of Measured and Indicated plus 89.1Mt of Inferred resources were identified from twelve coal seams within license application areas. This resource report was followed up by a NI 43-101 PEA report that was completed by Norwest in December 2011. In the PEA report, 166.7Mt of Measured and Indicated plus 167.1Mt of Inferred resources were estimated within the same area outlined in June 2011 report. The increase in resource tonnes from the previous June 2011 report is primarily attributed to decreases in minimum seam thickness and increase in maximum depth from surface for surface mining.



TENURE & JOINT VENTURE



The Carbon Creek deposit is in the Peace River Coalfield and consists of eleven Coal License Applications (and any coal licenses issued pursuant to such applications), four Coal Licenses, and ten Crown Granted District Lots ("CGDL"), comprising a contiguous tenure parcel of approximately 17,200ha. Ten of the Coal License Applications have been submitted by P. Burns Resources Ltd. (Burns) of Calgary, Alberta and, upon the issuance of any coal licenses thereunder, such licenses are to be transferred to the Carbon Creek Partnership ("CCP"), an Alberta partnership. Cardero submitted one other coal license on a similar basis over what appears to be a land area already covered by the CGDL and the license application will be withdrawn. The CGDL's, totalling approximately 2,600ha, are controlled by Peace River Partnership ("PRP"), an Alberta partnership. Cardero has entered into an option, and made all requisite payments, to acquire a coal lease over the coal resources on the CGDL from the PRP. A contiguous coal tenure application submitted by Alan A. Johnson was processed by the Province of BC and converted into four coal licenses (418174, 418175, 418176, and 418177) on June 14, 2012. Cardero has an exclusive option to purchase these licenses within four months of issuance for the sum of $5M. The option exercise period can be extended up to three months provided Cardero makes payments of $20,000 per month to Mr. Johnson.



Cardero has entered into a joint venture agreement with the CCP, in which Cardero will have a 75% NPI and the CCP will have a 25% NPI. Pursuant to the joint venture agreement, each joint venture partner is contributing its resource in the Carbon Creek deposit. The joint venture, known as the Carbon Creek Joint Venture, will control and operate the Carbon Creek property described above. The joint venture agreement provides that the CCP interest is a carried NPI, which requires Cardero to fund the exploration, development, construction and operation of the mine. However, the CCP will not receive any of its share of the proceeds until Cardero has recovered 100% of its investment including all development monies, exploration expenditures, capital expenditures and sustaining capital, as well as the cost of the Johnson coal licences. Following Cardero recovering its investment, the CCP is entitled to 25% of the net proceeds of the Carbon Creek Joint Venture. Cardero is the manager of the Carbon Creek Joint Venture and has exclusive coal marketing rights.



GEOLOGY



The Carbon Creek property lies within the Inner Foothills structural province of western Canada, which is characterized by folded and faulted Mesozoic sediments, and contains medium volatile bituminous coals of the Gething Formation.



Structural interpretations of the Carbon Creek property portray a doubly-plunging syncline lying between two anticlinal belts that straddle the western and eastern boundaries of the property. The synclinal axis roughly parallels the course of Carbon Creek and plunges gently (less than 5 degrees) to the south-southeast through the main project area. Dips in the central portion of the property are nearly flat, ranging from 0 degrees to 15 degrees, increasing to up to 30 degrees locally along the synclinal flanks in the east and west portions of the property. Based on the available data and existing geological interpretation, Norwest has determined coal mineralization to be of the Moderate geology type.



Coal seam development on the property is typical of the Gething Formation; a total of 63 coal seams are present, up to 28 of these seams are significant and with economic potential. Some of the coal seams, particularly the stratigraphically lower seams show favourable metallurgical properties.



EXPLORATION AND DRILLING



The periods and types of coal exploration undertaken on the property are summarised in Table 20. The coal exploration methods can be separated into four types: regional mapping and field sampling, aerial surveys, coring and open-hole (rotary) drilling, and bulk sampling. Types by era are summarized below.





----------------------------------------------------------------------------

Year                                        Company              Drill Holes

----------------------------------------------------------------------------

1908 -1945                               Various(i)                        0

----------------------------------------------------------------------------

1970                              Trend Exploration                        0

----------------------------------------------------------------------------

1971 - 1981                                    Utah                      299

----------------------------------------------------------------------------

2010                                     Coalhunter                        8

----------------------------------------------------------------------------

2011                                        Cardero                      114

----------------------------------------------------------------------------

2012                                        Cardero              in progress

----------------------------------------------------------------------------

Table 20: Historical and Current Drilling
                                   



Cardero is conducting an extensive exploration program during 2012, targeted at expanding the measured plus indicated resource base and further defining potentially mineable areas within the previously defined resource areas. Results of this exploration will be incorporated into the geologic model which will be updated in the feasibility study.



SAMPLE PREPARATION, ANALYSIS AND SECURITY



The sample data used in this study includes analyses of slim core and large diameter core samples as well as bulk samples, excluding pre-1971 surface-derived samples.



Field sampling, handling and transport of drill core samples by Cardero were observed to be in accordance with industry best practice. Norwest believes that Utah Mines used similar methods in their drill core sampling program in the 1970's and 1980's. The Utah Mines samples predominantly went to coal laboratories in United States whereas the Cardero samples were sent to certified coal laboratories in both the United States and Canada.



The drill core samples were subject to a standard suite of raw proximate coal analyses that included Free Swell Index (FSI). The bulk samples were subject to more detailed analyses specifically targeted for the evaluation of the coal's washability characteristics and metallurgical properties.



QUALIFIED PERSONS



EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.



Larry Henchel, P.G., John Lewis, P.E., and Larry Messinger (all of Norwest Corporation), and Kobie Koornof (consultant), each of whom is a qualified person as defined by national Instrument 43-101, are each responsible for portions of the Prefeasibility study technical report that forms the basis for this news release and have reviewed and approved the scientific and technical information contained in this news release.



John Lewis, P.E. is Manager of Underground Mining with Norwest Corporation in Salt Lake City, USA. Mr. Lewis has 18 years' experience in the coal mining industry with expertise gathered from US mining operations in the areas of longwall mining, continuous mining, pillar retreat with MRS, mine ventilation, mine safety and health regulations, project management, short and long-term planning and mine budgeting.



Larry Messinger is a Senior Project Manager at Norwest Corporation and has over 35 years in the mining and energy industries with experience in project management, project evaluation and development, surface coal mine planning and operations, strategic planning, and market analysis. He has performed pre-feasibility studies for coal properties in Mongolia, South America and Mexico.



Larry Henchel, P. G. is Vice President Geologic Services of Norwest Corporation and has over 25 years' experience in surface and underground coal mining geology, specializing in exploration and evaluation of coal and mineral properties. He has held positions in operating mines as well as participating in regional exploration projects. He is skilled in computerized modeling and reserve analysis of single and multi-seam coal deposits and has worked on projects in numerous countries, including the United States, Canada, India, South America, the Middle East, Mongolia and Southern Africa.



Kobie Koornof is an independent Marketing Professional with 35 years' experience in the coal industry, including 25 years' experience in the marketing and sales of metallurgical coal, thermal coal and anthracite, and coal quality assessment for metallurgical and thermal coal from Canada, USA, Australia and Mongolia. Relating to Peace River Coalfield products, Mr. Koornof's experience includes marketing and sales of metallurgical coal to steel mills worldwide for Western Coal Corp., Peace River Coal, Pine Valley Mining Corp. and Luscar Ltd.



DATA VERIFICATION



Norwest personnel were directly involved in the field sampling and management of Coalhunter and Cardero drilling programs and the relevant Qualified Persons (QP's) conducted site inspections during these exploration campaigns. The Coalhunter twin hole verification drilling program was able to replicate the results of the earlier Utah Mines drilling program from the 1970's.



The Qualified Persons are satisfied the process used by Cardero and external third party consultants are standard industry operating procedures and methodologies. They have verified the results from Cardero and third party consultants and the data disclosed in this release, including sampling, analytical and test data underlying the information and opinions contained in this release.



To view the Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/cardero_resources_figure1.…



ABOUT CARDERO RESOURCE CORP.



The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.



On Behalf of the Board of Directors of CARDERO RESOURCE CORP.



Michael Hunter, CEO and President



Cautionary Note Regarding Forward-Looking Statements



This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the planned completion of and timing for a feasibility study with respect to the Carbon Creek deposit, the potential for any production from the Carbon Creek deposit, the potential for a production decision to be made concerning Carbon Creek following the completion of a feasibility study, the issuance of the necessary permits to establish and operate a mine at Carbon Creek and the anticipated timing thereof, the potential commencement of any development of a mine at the Carbon Creek deposit following a production decision, business and financing plans and business trends, are forward-looking statements. Information concerning mineral resource/reserve estimates and the economic analysis thereof contained in the prefeasibility study may also be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered, and the results of mining it, if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events.



The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market for, and pricing of, any mineral products the Company may produce or plan to produce, significant increases in any of the machinery, equipment or supplies required to develop and operate a mine at Carbon Creek, a significant change in the availability or cost of the labor force required to operate a mine at Carbon Creek, significant increases in the cost of transportation for the Company's products, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's 2012 Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 40-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.



Cautionary Note Regarding References to Resources and Reserves



National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates contained in or incorporated by reference in this press release have been prepared in accordance with NI 43-101 and the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the "CIM Standards") as they may be amended from time to time by the CIM, and in the Geological Survey of Canada Paper 88-21 entitled "A Standardized Coal Resource/Reserve Reporting System for Canada" originally published in 1988.



United States shareholders are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards differ significantly from the requirements and terminology of the SEC set forth in the SEC's Industry Guide 7 ("SEC Industry Guide 7"). Accordingly, the Company's disclosures regarding mineralization may not be comparable to similar information disclosed by companies subject to SEC Industry Guide 7. Without limiting the foregoing, while the terms "mineral resources", "inferred mineral resources", "indicated mineral resources" and "measured mineral resources" are recognized and required by NI 43-101 and the CIM Standards, they are not recognized by the SEC and are not permitted to be used in documents filed with the SEC by companies subject to SEC Industry Guide 7. Mineral resources which are not mineral reserves do not have demonstrated economic viability, and US investors are cautioned not to assume that all or any part of a mineral resource will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher resource category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility study, except in rare cases. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit amounts. In addition, the NI 43-101 and CIM Standards definition of a "reserve" differs from the definition in SEC Industry Guide 7. In SEC Industry Guide 7, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made, and a "final" or "bankable" feasibility study is required to report reserves, the three-year historical price is used in any reserve or cash flow analysis of designated reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.



This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.



Contacts:

Cardero Resource Corp.

Nancy Curry

Corporate Communications

604 638-3287



Cardero Resource Corp.

General Contact

Toll Free: 1-888-770-7488

604 408-7488

604 408-7499 (FAX)

[e-mail]

www.cardero.com

[boersenbrieflemming]

Direktlink:

http://www.marketwatch.com/story/cardero-announces-positive-…

Ich in ziemlich begeistert ...

[boersenbrieflemming]

Die Tatsache, dass die News vor Oeffnung der Maerkte in Asien kommt (sie wird sicherlich morgen noch einmal wiederholt) - spricht auch eine deutliche Sprache (und ich denke da jetzt nicht nur an die chinesischen Präsentationen, die seit geraumer Zeit auf der Homepage abrufbar sind).

[kentucky_oil]

Antwort auf Beitrag Nr.: 43.636.633 von boersenbrieflemming am 23.09.12 21:16:40

Ich bin SEHR begeistert und meine Erwartungen (=Spekulation) sind bei weitem uebertroffen worden. Auch die Preisbasis /T. und Kostenbasis sind m.M.n. sehr konservativ gerechnet worden und ich denke hier koennen nochmals 2-4% in den naechsten Jahren optimiert werden. Wenn der Preis /T aber wieder ueber USD 200/T ist, dann ist das auch nicht mehr so relevant...

Die Finanzierung wird der naechste grosse Meilenstein sein.

Mein NPV und Kursziel werde ich wohl nun von CAD 2.38 auf CAD 4.56 setzen muessen.


Ab morgen Frueh geht es los....

[Illex08]

Antwort auf Beitrag Nr.: 43.636.633 von boersenbrieflemming am 23.09.12 21:16:40

Ich bin ziemlich begeistert ..

Ich auch.
Das hat auch meine Erwartungen deutlich übertroffen.



Illex

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.636.782 von kentucky_oil am 23.09.12 22:20:17

Moin. ;-)


Ich bin aber auch gespannt, wie die Maerkte reagieren werden. Bei einem Anteil von 60% HCC, 34% SSCC/PCI und nur (!) 6% thermal coal, halte ich die Kosten (hier nun mit Abschlaegen) ebenfalls fuer konservativ, zudem sind die Produktionskosten sehr deutlich unter dem australischen Durchschnitt.

Ich habe es selten erlebt, dass eine PFS besser als die vorherige PEA ausfällt. Eine tolle Leistung des Cardero-Teams.

[Taschenrechner]

Gten Mrgen Crders, sind wir wieder in Spur.
Denn das liest sich doch sehr gut. Der Shaker ist zwar
um Faktor größer, doch nix gegen Kohle mit Kohle.

Salve,
Tasche

[boersenbrieflemming]

Schoen auch der COO Angus Christie (der sich als ehemaliger Anglo Coal-Mann dort extrem gut auskennt): "I believed when I joined the Company that we had an opportunity to turn the Carbon Creek asset into one of the largest producing, lowest cost operators in the region. This report demonstrates that we are in position to turn our expectations into reality and establish this asset as the benchmark against which other developments in the region will be evaluated".

[boersenbrieflemming]

Ridley to get millions of tonnes of coal from new BC mine

By Alan S. Hale - The Northern View
Published: September 23, 2012 2:00 PM
Updated: September 23, 2012 2:38 PM
Cardero Resource Corp. is planning to open a new coal mining operation in northeast BC that will send millions of tones of new coal to the terminal on Ridley Island.

The company just finished the pre-feasibility study of the mine site at Carbon Creek, about 40 kilometres west of Hudson’s Hope. A geological survey of the site has estimated that there are at least 468-million tonnes of coal in the ground ready to be mined. Through the use of underground and surface mining, Cardero believes that it will be able to dig out 4.085-million tonnes of it a year over the twenty-year life of the project.

The company has signed a 15-year contract with Ridley Terminals for 500,000 tonnes a year of port capacity starting in 2014, increasing to 900,000 tonnes by 2015. The contract hinges on Ridley getting a fourth stacker at the coal terminal, which they are expecting to get government approval for this year.

http://www.thenorthernview.com/news/170905111.html

[senna7]

DIE Kurse in Deutschland sind NOCH human bin gespannt auf den Nachmittag

[derschweizer]

jabbadabbadu carderos

was für eine news, ich wünsche uns eine tolle woche!

[boersenbrieflemming]

Das entspricht dann auch der PFS:

"LATEST: Anglo settles at $170

24-Sep-2012

Anglo Metallurgical Coal has become the second coking coal producer to agree to a new quarterly benchmark of $170/t FOB for its German Creek premium hard coking coal."

http://www.coalportal.com/newsDetails.aspx?type=DailyNews&ar…

P.S. Danke fuer den Hinweis. ;-)

[gustel66]

Juhuuuuu.....jetzt moechte ich aber wirklich was ganz arg positives am Kurs sehen....das ueber die vielen duerren Jahren hinwegtroestet.

Auf einen guten Start....

[wasn]

Antwort auf Beitrag Nr.: 43.638.197 von gustel66 am 24.09.12 12:43:13

pass uff, wenn Value zum Verkaufen trötet, dann gehts los; nicht schon nach so einer news.

[boersenbrieflemming]

So, die Retransmission ist nun auch durch. Sieht etwas nach Asien aus ... zumindest gemaess der Zeitzonen (News gestern) ... wenn man dem Hunter nur einen GPS-Sender in die Jacke gestopft haette.

[stockrush]

Antwort auf Beitrag Nr.: 43.636.907 von boersenbrieflemming am 23.09.12 23:42:20

Die News drucke ich mir aus und hänge sie mir an die Wand. Man kann nur hoffen, dass das der Carderoaktie nachhaltig zu einem Sprung in lichte Höhen verhilft. Wer weiß, vll. kommt ja dazu noch Einiges von Sheini.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.638.495 von stockrush am 24.09.12 13:46:58

Sheini .... da gab es heute einen Nachzuegler ...

http://www.azomining.com/news.aspx?newsID=7201

Ist aber schon bekannt. Hier wuerde ich in ein paar Wochen (wirklich bald) mit einer Ressource ueber die ersten 9km rechnen. 24km fehlen da noch. Interessant ist an Sheini vor allen Dingen die Tatsache, dass das Erz praktisch an der Oberflaeche liegt.

Im Moment taxt Torontp 0.85/0.85 CAD.

[senna7]

0.85 CAD = 0,67 Euro cent ...

schon teurer als in Deutschland ich könnte mir vortsellen das der CAD Dollar heute fällt

[stockrush]

Antwort auf Beitrag Nr.: 43.638.609 von senna7 am 24.09.12 14:15:45

Schon 66 cent!

[v8er]

mal sehn wann wir in Old Germany wieder den Euro sehn

Die News sind m.M.n sehr gut

Gruß V8er

[brori]

mal schaun wo wir landen werden
09:40:52 T 0.85 0.08 4,500 80 National Bank 1 Anonymous K
09:40:33 T 0.85 0.08 500 80 National Bank 1 Anonymous KW
09:40:33 T 0.85 0.08 100 36 Latimer 124 Questrade E
09:35:31 T 0.85 0.08 300 85 Scotia 36 Latimer E
09:33:35 T 0.85 0.08 500 1 Anonymous 1 Anonymous K
09:33:35 T 0.85 0.08 5,500 80 National Bank 1 Anonymous K
09:33:28 T 0.85 0.08 500 80 National Bank 79 CIBC K
09:30:02 T 0.85 0.08 10,000 80 National Bank 1 Anonymous K
09:30:02 T 0.85 0.08 500 80 National Bank 79 CIBC K
09:30:02 T 0.85 0.08 500 80 National Bank 79 CIBC K

[Sugar2000]

naja, das Interesse scheint ja sehr begrenzt... gerade mal 7000 Aktien gehandelt...

[senna7]

ich verstehe die Holzfäller oft nicht ....

[boersenbrieflemming]

Cardero Resource - CDU CN
Canada
Outperform
Cranking it up at Carbon Creek
Event
Bigger Carbon Creek considered. Cardero announced the results from a pre-feasibility study (PFS) on its Carbon Creek metallurgical coal project located in the Peace River Coalfield in British Columbia, Canada. The company expects first production in late 2014 from surface mining, with underground operations added in year 3. Pre-production and ramp-up capex is forecast to reach US$475m to achieve average life-of-mine (LOM) production of 4.1mtpa of clean coal. Production is expected to be comprised of 60% hard coking coal, 34% semi-soft coal and 6% thermal coal and cash costs are expected to average US$110/t.
Impact
Positive. We note a number of positive changes in the PFS compared to the PEA. The resource base has grown to 468mt, from 166mt previously and the average clean coal production rate of 4.1mtpa is above our expectation and PEA estimates of 2.9mtpa. The proportion of hard coking coal in the mix has also exceeded expectations and cash costs have fallen to US$110/t, compared to US$114/t previously, which partially reflects Cardero changing the transportation method considered for clean coal to reach the rail head to barging vs trucking.
Capex higher, but capital intensity remains consistent. The capex of US$475m to full production of 4.1mtpa is higher than the PEA estimate of US$301m, which considered a smaller 2.9mtpa operation. However, the capital intensity per tonne of clean coal of US$116/t is generally consistent and in line with expectations. We note that the ramp-up to full production is slightly longer than we had anticipated, which somewhat mutes the positive impact to the NAV, but nonetheless, our NPV10% for the project at the Macquarie price deck has increased by 14% to C$308m from C$270m previously and our NAV has increased to C$2.31/sh from C$2.15/sh.
Earnings and target price revision
We have raised our target price to C$2.25 from C$2.00 previously to reflect the results from the PFS and the positive impact on our NAV. Our financial estimates also are adjusted to reflect the results from the study.
Price catalyst
12-month price target: C$2.25 based on a discount to NAV methodology.
Catalyst: Ongoing permitting and a feasibility study on Carbon Creek in 2013. Monetizing Sheini Hills. Strength in the bulk commodity prices.
Action and recommendation
We maintain our Outperform rating. The PFS at Carbon Creek shows the potential for Cardero to develop a large scale metallurgical coal project in an established coal field in Canada. The PFS is an important de-risking event and we believe highlights Cardero as an attractive takeover candidate. The stock continues to offer good value at current levels trading at a discount of 67% to our revised NAV estimate.


http://view.remail.macquarie.com/?j=fe6915797064077d7114&m=f…

[stockrush]

Antwort auf Beitrag Nr.: 43.639.548 von boersenbrieflemming am 24.09.12 17:36:06

Welch drastische Steigerung.

[gustel66]

hmmm...die bisher gehandelten Stueckzahlen sind ja wirklich nicht der Burner....der Kurs auch nicht, wieder unter 80 Can Cent...

[McGier]

Antwort auf Beitrag Nr.: 43.638.495 von stockrush am 24.09.12 13:46:58

Die News drucke ich mir aus und hänge sie mir an die Wand.


Finde ich eine tolle Idee! Dann kannst du stundenlang faule Eier
drauf schmeissen.

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.639.718 von gustel66 am 24.09.12 18:22:58

Immerhin ist es die erste PFS, die mir von CDU bekannt ist.

[boersenbrieflemming]

Der Kursverlauf haengt wohl auch damit zusammen:

September 24, 2012, 10:58 A.M. ET
Another Blow to Coal Stocks; Analyst Still Can’t See the Bottom

By Avi Salzman

Several times in the past few months, coal stocks have gotten a boost from positive analyst comments or some slightly encouraging data, only to be knocked back down by more worries. Coal stocks are feeling more pain on Monday after Bank of America/Merrill Lynch analysts lowered their 2013 expectations for the price of coking coal (used to make steel) to $185/metric ton from $220/metric ton. Demand is down, supply is up, and the pressure doesn’t look like it’s abating, the analysts say.

http://blogs.barrons.com/stockstowatchtoday/2012/09/24/anoth…

--

Allerdings stellt das fuer die PFS weniger ein Problem dar, da sehr konservativ (von unabhaengigen Experten) kalkuliert wurde.

[boersenbrieflemming]

CDU: 0.78 CAD +0.01 1.3% 279.0k
CDY: 0.79 USD +0.0001 0.0 113.8k
---
Ich haette mir da ein wenig mehr erhofft und bin auf die weitere Handelswoche gespannt.

[gustel66]

Zitat von boersenbrieflemming: CDU: 0.78 CAD +0.01 1.3% 279.0k
CDY: 0.79 USD +0.0001 0.0 113.8k
---
Ich haette mir da ein wenig mehr erhofft und bin auf die weitere Handelswoche gespannt.

...puhhhh...das ist aber ganz schoen ernuechternd...

[derschweizer]

Antwort auf Beitrag Nr.: 43.640.732 von gustel66 am 24.09.12 22:26:23

tja, der herr investor versprüht schon sein gift gleichmäßig im nachbar thread

[Kraxler]

Das Thema "Nachhaltigkeit" war bisher bei Cardero (und beim Aktienkurs) ein Fremdwort.

Cardero/Hunter müssen jetzt einmal Begonnenes zu Ende führen und enttäuschte Anlegervertrauen zurück gewinnen!

Die schnelle Erholung wird wahrscheinlich auch diesmal ausfallen...

[Kraxler]

Es fehlt ein "s" ...

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.641.338 von derschweizer am 25.09.12 08:55:03

Er muss da im Moment praktisch auch doppelt ran.

@Kraxler

Ich sehe das etwas anders. Die Stimmung bei der Kohle ist am Tiefpunkt und da man jetzt nicht auf eine weitere Ueberschwemmung in Queensland spekulieren möchte ... muss man hier auf positivere Preisentwicklung warten.

Die PFS hat Risiken fuer Carbon Creek weiter reduziert und das bei immer noch geringer CAPEX und vorangegangenem Preisverfall sehr robustes dargestellt werden konnte ist eine tolle Leistung. Aber wie gesagt: Mal schauen, was die Woche noch so bringt.

[derschweizer]

Antwort auf Beitrag Nr.: 43.641.507 von boersenbrieflemming am 25.09.12 09:33:13

ich stimme dir in allen punkte zu, sehe aber genauso wie kraxler das thema "anlegervertrauen" im fokus.
die rahmenbedingungen geben im moment einfach nicht mehr her.
nichts desto trotz, wird ja die pfs dadurch nicht schlechter!

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.641.717 von derschweizer am 25.09.12 10:14:05

thema "anlegervertrauen" im fokus

Wir sind aber nur Kleinanleger, zugegeben mit einer breitgefaecherten Anlegerstruktur (das ist zugleich Wohl und Wehe der Aktie) - wesentlich waere hier Kauforder von mehreren Millionen Stücken und eine Beteiligung von Minen oder Fonds.

Insofern relativiert sich das etwas, was wir Kleinanleger hier und anderswo denken. Die PFS hat mir nur folgendes gezeigt: Carbon Creek ist von den harten Zahlen her veraeusserbar, sie koennen deutlich unter dem australischen Schnitt zu 94% met coal produzieren.

[Kraxler]

Antwort auf Beitrag Nr.: 43.641.717 von derschweizer am 25.09.12 10:14:05

Die PFS war wichtig und ist für mich ein weiterer Aspekt für die Bestätigung der Bodenbildung hinsichtlich des Aktienkurses.

Ich hab Zeit - und derjenige, der seine Einstiegskurse in aktuellen Kursregionen fixieren konnte und auch Zeit mitbringt, wird nach meiner Einschätzung mit Cardero positiv reussieren. (Dies ist keine Kaufempfehlung!)

Mein mittlerer EK ist leider um einiges höher...

[stockrush]

Mein mittlerer EK ist leider um einiges höher...

Meiner auch.

Wg. der welt- und finanzpolitischen Krisen will ich aber nicht mehr Erspartes in Aktien schmeissen. Und ob wir Kohle mit Kohle machen ist auch nicht mehr so sicher, wenn die Weltwirtschaft sich abkühlt. Bald heißt es dann bei den Aktien 'Asche zu Asche...Staub zu Staub'.

[derschweizer]

Antwort auf Beitrag Nr.: 43.642.575 von stockrush am 25.09.12 13:28:27

wir sollten langsam aber sicher in schweinebäuche umschichten

[boersenbrieflemming]

Beim Kurs derzeit noch kein Boost.

Paradigm Research Boosts Price Target on Cardero Resources Corp. (CDY)
September 25th, 2012 - 0 comments - Filed Under - by Jeff Wilder
Paradigm Research lifted their price target on shares of Cardero Resources Corp. (NYSEAMEX: CDY) from $1.50 to $1.85 in a research note issued on Tuesday. The firm currently has a “speculative buy” rating on the stock.

Separately, analysts at Desjardins Securities raised their price target on shares of Cardero Resources Corp. from $1.00 to $1.25 in a research note to investors on Tuesday. They now have a “hold” rating on the stock.

Shares of Cardero Resources Corp. traded down 0.61% during mid-day trading on Tuesday, hitting $0.7852. Cardero Resources Corp. has a one year low of $0.65 and a one year high of $1.56. The company’s market cap is $73.3 million.

Cardero Resource Corp. (Cardero) is an exploration-stage company. The Company holds, or has rights to acquire, interests in mineral properties in Argentina, Mexico, Peru, the United States, Ghana and Canada.

http://www.dailypolitical.com/finance/stock-market/paradigm-…

[boersenbrieflemming]

Im Moemt schaukeln sie sich gegenseitig runter - aber auch hier waere die PFS noch robust genug ... sie haben ja sehr konservativ geschaetzt (Base Case (independent marketing consultant) $174/t).

Pech ist es, dass sich diese ganzen downs zum Zeitpunkt der PFS-Veroeffentlichung einstellten und im Moment wenige Kohleaktien kaufen wollen - was sich aber schnell aendern kann. Ich erinnere mich da noch gut an Trevali, niedrige Kurse, entsprechende User die auftauchten, bashten und dann ploetzlich ueber 50% plus. Und mittlerweile treibt sogar der Pollinger Zink (nicht Trevali) durch das Dorf.

CDU: 0.73 CAD -0.05 -6.4 83.3k (Mini-Volumen!)

--

Coal Stocks don’t Look Promising – Analysts Still Uncertain – BTU, ANR, ACI, CNX, WLT

NEW YORK, September 25, 2012 (MESHPRESS) – Coal stocks have been fluctuating for quite some time, even if analysts have bared positive opinions about it and prospects have seemed better. However, on Monday, Bank of America/Merrill Lynch analysts, have stated dismal figures of expectations in 2013 in regards to the price of coking coal (used to make steel) to $185/metric ton from $220/metric ton. ...


http://meshpress.com/coal-stocks-dont-look-promising-analyst…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.645.533 von boersenbrieflemming am 26.09.12 00:15:49

Ein ganz interessanter Artikel ...

Anglo American to cut coking coal output

http://www.marketwatch.com/story/anglo-american-to-cut-cokin…

Die Verknappung wird dann wieder zu steigenden Preisen fuehren ... nun gut.

[boersenbrieflemming]

Und Iron Ore (sieht etwas entspannter aus) - es sollte demnaechst die erste ("maiden") Ressourcenschaetzung ueber 9km (24 bleiben noch uebrig) fuer Sheini kommen:

Iron ore supply to seaborne market to rise 15% - Citigroup

The researcher left its forecasts for iron-ore prices unchanged at $125 a ton this year and $120 for 2013. Its estimated supply-demand balance implies a 7.2 million-ton global surplus in 2012, the first in at least five years, rising to 20.7 million tons in 2013.


http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=1…

[boersenbrieflemming]

Da geht es auch weiter: ;-)

Trevali Mining halted at open

Trevali Mining Corp (C:TV)
Shares Issued 176,498,685
Last Close 9/25/2012 $1.23
Wednesday September 26 2012 - Halt Trading

Trevali Mining Corp. has been halted at the open on Sept. 26, 2012, pending an announcement.

© 2012 Canjex Publishing Ltd.

[boersenbrieflemming]

Taxe 0.74/0.74 und 6 Häuser auf der 0.70.

[boersenbrieflemming]

TV (mit Erleichterung zur Kenntnis genommen):

Trevali Signs USD$60-million Senior Debt and Prepaid Precious Metals Facility with RMB Resources

http://www.stockhouse.com/news/canadianreleasesdetail.aspx?n…


...

[brori]

Global thermal coal market continues undulation with a pinch of interest emerging off late from China. With competition warming up in the European theatre between South African and Colombian miners the Australian’s brace up for revival in winter demand in China.

New Castle coal dipped to USD 90 per tonne, FOB forcing the tide against strong AUD. In the European market South African coal prices hovered around USD 83-84 per tonne, Fob RBCT and nearly USD 87 per tonne, DES ARA.

However the market is agog with hopes-for of in¬creased Chinese buying that usually occurs at this time of the year with utilities beginning to build winter stocks. Reportedly there has been increased interest from Chinese buyers for imported coal since last week but it has been nowhere near as strong as in previous years.

Chinese buyers are becoming increasingly fastidious demanding absurd terms in the contracts like, demurrage and sample analysis at the discharge port.

Despite such impediments it expected that the Newcastle spot price will rise to USD 95 per tonne towards the end of the year on in¬creased winter electricity demand, the return of Indian buyers after the monsoon season and truncated production from Indonesia.

Source - Strategic Research Institute

(www.coalguru.com)

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.649.142 von brori am 26.09.12 18:25:38

FOB forcing the tide against strong AUD

Im Shorty-Thread versuchen sie gerade lokale FOB-Preise (Queensland) mit einem definierten Base Case Szenario zu vergleichen ((43.645.850). Das ist auch etwas erheiternd.


BL

[boersenbrieflemming]

Coking coal prices to rise on China stimulus, BHP output cut
Jayajit Dash / Bhubaneswar Sep 27, 2012, 00:36


The recent stimulus package announced by China to give a push to the infrastructure sector, coupled with a cut in production of high-cost coal by Australian miner BHP Billiton, is likely to boost prices of coking coal.

Contract prices of coking coal, $170 a tonne for the October-December quarter, are set to firm up by at least $10 a tonne in the January-March period, according to analysts.

“The Chinese stimulus package of $1 trillion is bound to boost coking coal prices and I feel contract prices will reach the level of at least $180 a tonne for January-March. For October-December, BHP Billiton has fixed the contract deal with Nippon Steel of Japan at $170 a tonne. But any price movement is expected to happen only after December-end, as it will take some time for investments in infrastructure to happen and steel output to grow,” said Ganesan Natarajan, whole-time director and president of Kolkata-based Ennore Coke, a maker of metallurgical coke.

He said spot prices of coking coal were ruling at $148 a tonne but they are also expected to rise by $8-10 a tonne after December, following an uptick in demand.

“Currently, spot prices of coking coal are lower than the contract prices owing to slump in demand. But gradually, spot prices will close in on the gap with contract prices as demand picks up,” he added.

Pukhraj Sethiya, manager-energy (coal & mining) of global accounting & consultancy firm PricewaterhouseCoopers (PwC) said, “The stimulus package announced by China with focus on the infrastructure sector will give a boost to steel demand, which has been slowing in China for some time now. This will also improve coking coal demand and might lead to a higher than expected increase in prices. The impact on coking coal might be higher if the supplies are restricted due to production cut by suppliers of coking coal.”

He admitted the market for coking coal still remained bearish due to slow demand growth. There is a slowdown in the Chinese economy which has led to coking coal inventory piled up at its ports and steel mills, said Sethiya.

For calendar year 2013, the average price of coking coal would be $200-220 a tonne, he stated.

Japan, the biggest player in the sea-borne coking coal trade, is expected to increase its imports, as it is rebuilding its economy. The country’s July imports at 6.81 million tonnes was up 32.1 per cent compared to the corresponding period of 2011. The island nation had imported 73 million tonnes in 2011.

Meanwhile, the production cut planned by BHP is likely to have a significant bearing on Indian consumers.

“India is one of the large coking coal importers from Australia after Japan and accounts for 20 per cent of the total met coal exported by Australia. Any significant cut in production by Australian miners resulting in short supply of coking coal will impact the volume available for Indian importers and may lead to a price increase,” said Sethiya.

http://www.business-standard.com/commodities/news/coking-coa…

[Sugar2000]

Antwort auf Beitrag Nr.: 43.649.231 von boersenbrieflemming am 26.09.12 18:48:23

Teile doch bitte deine Erheiterung mit?

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.650.120 von Sugar2000 am 26.09.12 22:33:31

Einen FOB Queensland spot price mit dem Base Case einer PFS zu vergleichen zeigt eine gewisse Hilfslosigkeit in der Argumentation, gleicher User hat sich im Uebrigen bereits mehrfach um Milliardenbetraege verrechnet. Hier werden dann falsche "mathematische" Herleitungen missbräuchlich eingesetzt, um dann folgenden Schluss zu ziehen:

"Diese dreiste Nummer lässt der Markt völlig zu Recht nicht unbestraft". Dreiste Nummern will ich hier aber nicht kommentieren.

Trotz aller Negativmeldungen: Es geht darum, welche Abschluesse tatsaechlich gemacht werden un d wie sich der Preis entwickelt.

[Sugar2000]

Antwort auf Beitrag Nr.: 43.650.138 von boersenbrieflemming am 26.09.12 22:44:13

Naja, so ganz ist die Argumentation nicht von der Hand zu weisen...

Wenn man in die Produktion einsteigt, werden sie ja mit Sicherheit die Kohle nicht ausschließlich Spot verkaufen, sondern längerfristig Preise als Forward absichern. --> und dieser liegt derzeit eben nur rund 20 EUR für das nächste Quartal vorne.
Man müsste sich die Entwicklung der Forwardcurve anschauen, leider habe ich keine Berechtigung für Platts!

Ich persönlich würde generell mit aktuellen Kursen rechnen und ggf. die Ziele nach oben anpassen!

[Sugar2000]

Antwort auf Beitrag Nr.: 43.650.163 von Sugar2000 am 26.09.12 22:55:26

Was jetzt allerdings nicht heißen soll, dass ich nicht mit steigenden Kursen, sowohl Coal & Aktienkurs Cardero rechne

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.650.163 von Sugar2000 am 26.09.12 22:55:26

Naja, so ganz ist die Argumentation nicht von der Hand zu weisen...

Base Casse ...doch und insbesondere die Schlussfolgerung ("Dreistigkeit") - es haette mich nicht gewundert, wenn er auf die Kokspreise bei alibaba.com verwiesen hätte.

http://www.alibaba.com/showroom/coal%20tar%20pitch.html (Scherz)

Man kann durchaus argumentieren, dass CDU im Jahr 2014 seine Kohle nicht zu den dann gaengigen Kontraktpreisen los wird, sondern vielleicht einen Juniorabschlag in Kauf nehmen muss. Das halte ich aber im Moment nicht fuer gravierend und denke dabei auch an das Kontaktnetzwerk (was auch bei TV zum Tragen gekommen ist). Oder das sie bald wieder einen Finanzierung benötigen, wenn sie bei Sheini nicht irgendetwas Finanzielles uzustande bringen...

Unabhaengig davon haben auch die Cardero-Analysten stets konservativ geschätzt - ich erinnere mich noch an 170 USD/t von Byrons (Kursziel damals irgendetwas um 2,x). Was ist hieran nun dreist?

Gruesse,

BL

[lll_robbe]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: themenfremder Inhalt

[lll_robbe]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: themenfremder Inhalt

[lll_robbe]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: themenfremder Inhalt

[Illex08]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: Korrespondierendes Posting wurde entfernt

[boersenbrieflemming]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: Korrespondierendes Posting wurde entfernt

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.650.235 von boersenbrieflemming am 26.09.12 23:37:14

Ich habe ein paar Minuten gesucht, weil ich mich dunkel an den KPMG-Report erinnerte - und poste hier einmal fuer Interessierte den QUARTERLY COMMODITY INSIGHTS BULLETIN vom Q1 des Jahres 2012 - hier sind sehr schon die CAPEX anderer Kohleprojekte (vorwiegend Australien) aufgeführt, und es wird auch noch einmal Bezug auf die cost curve (150-160 USD/t) genommen.


http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPubl…

[boersenbrieflemming]

CDU: 0.71 -0.03 -4.1% 54.7k
CDY: 0.72 -0.03 -4.0% 54.7k

[boersenbrieflemming]

Alpha Natural Shifts Strategy And Closes Eight Mines

...

Focus On Met Coal

The company has reiterated its focus on met coal going forward. A steady decline in thermal coal demand and an expected increase in met coal demand have led the company to take these steps. Further, met coal sells at a premium to thermal/utility coal. Therefore, margins and profits are higher than those of thermal coal.

We expect demand for met coal to increase in the future driven by infrastructure growth in China and India. Both countries have recently taken measures to boost their slowing growth. China’s economic planning agency has recently approved several major infrastructure projects including 25 subway projects, 13 road construction projects, five port projects and two waterway projects. Analysts have estimated the cost of the projects at between $155-160 billion. These projects are highly steel-intensive and will boost steel demand substantially. Consequently, we expect that demand for metallurgical coal, which is used for steel production, will tick higher in the near future. Moreover, this could also help lift global met coal prices, which took a beating earlier in the year primarily due to a decline in demand from China.

http://www.trefis.com/stock/anr/articles/144956/alpha-natura…

--

Es waere einmal schön, wenn der Kohlemarkt (met coal) mal wieder ein wenig mehr Licht am Ende des Tunnels sieht - Projekte mit geringer CAPEX (siehe KPMG-Vergleich) und geringen Kosten (siehe die australischen Produktionskosten im Vergleich) sollten dann vorne stehen.

[boersenbrieflemming]

CDU-Group: Abzu Gold Further Amends Non-Brokered Private Placement

http://tmx.quotemedia.com/article.php?newsid=54614307&qm_sym…

--

Das OB scheint gestaerkt ins WE gehen zu wollen. Da macht die Company schon einmal eine PFS, kuendigt die FS (!) an - fast alles wird besser darstellbar, uebertrifft (zumindest meine) Erwartungen und dann: Ausser Spesen nix gewesen, weil sich die Schreiber derzeit mit Kohle-Horrormeldungen
fast ueberschlagen (auch wenn sich das alles noch im Rahmen der Cardero-Analysten Schaetzungen bewegt), die Kaeufer streiken ...

[gustel66]

Wow…die Woche lief ja richtig gut nach solch einer klasse Nachricht (vorsicht Ironie). Ist doch immer wieder verwenderlich, dass CDU trotz guten Nachrichten es nicht schafft einen positiven Kurschschub hinzulegen. Aber das kennen wir ja alle viel zu gut aus den letzten Jahren….positive Nachrichten, Trading Halts usw. und CDU rutscht weiter in den Keller…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.659.344 von gustel66 am 28.09.12 21:19:19

Ich glaube begeistert ist da keiner.

[boersenbrieflemming]

Das MM geht mit den Kursen mit (nachdem die Optionen zu 1,16 ausgelaufen sind):

Sep 28/12 Sep 27/12 Harris, Leonard Direct Ownership Options 50 - Grant of options 150,000 $0.780
Sep 28/12 Sep 27/12 Gilron, Guy Direct Ownership Options 50 - Grant of options 100,000 $0.780
Sep 28/12 Sep 27/12 Hunter, Michael Leslie Direct Ownership Options 50 - Grant of options 250,000 $0.780
Sep 28/12 Sep 27/12 Fitch, Stephan Andrew Direct Ownership Options 50 - Grant of options 160,000 $0.780
Sep 28/12 Sep 27/12 Henderson, Keith J. Direct Ownership Options 50 - Grant of options 250,000 $0.780
Sep 28/12 Sep 27/12 Van Alphen, Hendrik Direct Ownership Options 50 - Grant of options 250,000 $0.780
Sep 28/12 Sep 27/12 Matysek, Paul Frank Direct Ownership Options 50 - Grant of options 200,000 $0.780

http://www.canadianinsider.com/node/7?menu_tickersearch=cdu

[boersenbrieflemming]

Vielleicht kann jemand helfen (gerne auch via BM) - ich suche weiterhin nach Vergleichen zum "pre-production capital" von $217M und dem angegeben Wert von $485M ("full production") - ich finde einfach kein derzeitiges Projekt mit einem entsprechenden HCC-Anteil (ueber 50%), welches so guenstig ($217M) in Produktion zu bringen ist.

Auch die Produktionskosten sind sehr gut - "Reduced operating cost from $114 to $110/tonne FOB", da kaemen die meisten Australier mit ihren $150-160 nicht hin, kaeme es hier zu weiteren Produktionsverlangsamungen, haette das vermutlich einen kleinen Queensland-Effekt zur folge.

Bei den Zuteilungen im Rahmen des Optionsplans ist mir noch aufgefallen, dass Henderson im Vergleich mit den ausgelaufenen Optionen etwas mehr bedacht wird (100k Shares mehr). Henderson war fuer die Aquise von Coalhunter (Carbon Creek) damals verantwortlich und sollte sich als Anglo Coal Mann in diesem Gebiet (lokal und fachlich) auskennen.

[boersenbrieflemming]

Mobius Bullish on China Coal as Valuations Rise From Lows

http://www.businessweek.com/news/2012-09-28/mobius-bullish-o…

...
Nicht uninteressant, auch wenn ich froh bin in dem abgebildeten Bergwerk nicht arbeiiten zu müssen. ;-)

Mit Horrormeldungen kann ich im Moment nicht dienen, das wurde wohl in der letzten Woche abgefruehstueckt. Bisher hat keiner (!) eine guenstigere Mine gefunden - Carbon Creek scheint tatsaechlich in Sachen Kosten ein Benchmark zu sein.

[boersenbrieflemming]

Jetzt kam doch noch ein Vergleich rein von den Mahnern und Warnern, deren Aktienempfehlungen den rotzigen CDU-Kurs zum grossen Teil deutlich unterbieten. ;-)

Es geht dazu um Aspire Mining. ;-)

CAPEX: 1,3bn + 1,1bn fuer ueber 400km Eisenbahn + viele km von Ulaanbaatur (muesste ueber Russland verschifft werden) entfernt.

Ressourcen: 252Mt coking coal

Shares knapp 967M (fully diluted) - das wird dann bei der CDU kursmaessig als Ziel ausgegeben (Apspire derzeit um die 0,09 A$). Die koennen nicht rechnen.

[boersenbrieflemming]

... wenn man am Sonntag arbeitet, kann man auch viel nebenher lesen - nun von/ueber Alpha Res.:

Metallurgical coal: hopeful

While the U.S. and European economies are continuingly sluggish, Alpha said it sees the development of new steel mills globally that will want the company's high quality metallurgical coal.

This is not necessarily a near-term opportunity.

"The long term looks very positive for increased global steel demand and new blast furnace builds," said Jim Truman, Principal Analyst for Metallurgical Coal Demand at Wood Mackenzie. But "The price right now is at a low point, for the last couple years, and it will take a while."

Thompson characterized a focus on metallurgical coal as a "medium-term" prospect, but added that it's a natural move for Alpha.



http://www.statejournal.com/story/19585440/analyst-alpha-nat…


---

Noch einen Nachtrag zu Aspire Mining. Die Kosten liegen bei 150 USD/t FOB (Cardero: $110 USD/t) - bei zunaechst 1Mtpa Produktion (erst nach dem Bau einer Eisenbahnverbindung fuer erneut ueber 1Mrd. USD wuerde es guenstiger) - das entspricht australischen Minen.

Ich sehe bei Carbon Creek auch noch viel Potential, was mit Sicherheit bis zur FS nicht durchexploriert werden kann - es gab meines Wissens historische Schaetzungen von 2000Mt Resourcen.

[herrscher2]

Guten Tag Cardero-Freunde

Schrecklich mitanzusehen, wie die Dicke mehr und mehr nachgibt. Resignation oder Nachkauf......

....oder wie in meinem Fall: Wiedereinstieg ??

Na, schau mer noch ein wenig..

[wasn]

Antwort auf Beitrag Nr.: 43.670.439 von herrscher2 am 02.10.12 17:51:00

0,66 CAD ist das Tief vom Mai; könnte man direkt mal versuchen zu traden.

[gustel66]

...es ist ist nur noch trauig, was mit dem Kurs passiert...
Es hat den Anschein, dass sich wirklch gar keiner mehr fuer CDU interessiert und selbst bei (anscheinend) guten News verkauft...

[ixilon]

KOR

Oct. 1, 2012

Corvus Gold Begins Follow-up Drilling at the Yellow Jacket High-Grade Gold Target, North Bullfrog, Nevada

http://tmx.quotemedia.com/article.php?newsid=54687436&qm_sym…

[ixilon]

WML

Oct. 2, 2012

Wealth Minerals Confirms Potential for Bulk-Tonnage Silver at Valsequillo Project, Mexico

http://tmx.quotemedia.com/article.php?newsid=54720960&qm_sym…

[ixilon]

BAR, KOR, ECC

November 16-17, 2012

[brori]

Oct 2/12

Oct 2/12

Hunter, Michael Leslie

Direct Ownership

Common Shares

10 - Acquisition in the public market

5,500

$0.670




Oct 2/12

Sep 28/12

Hunter, Michael Leslie

Direct Ownership

Common Shares

10 - Acquisition in the public market

15,000

$0.729




Oct 2/12

Sep 28/12

Hunter, Michael Leslie

Direct Ownership

Common Shares

10 - Acquisition in the public market

10,000

$0.720




Oct 2/12

Sep 28/12

Hunter, Michael Leslie

Direct Ownership

Common Shares

10 - Acquisition in the public market

1,000

$0.730




Oct 2/12

Sep 28/12

Hunter, Michael Leslie

Direct Ownership

Common Shares

10 - Acquisition in the public market

14,000

$0.735




Oct 2/12

Sep 28/12

Hunter, Michael Leslie

Direct Ownership

Common Shares

10 - Acquisition in the public market

5,000

$0.710

[Stefan0310]

Antwort auf Beitrag Nr.: 43.670.439 von herrscher2 am 02.10.12 17:51:00

Hallo H2,

ich hoffe Du warst schlau genug den Verkaufserlös von CDU nicht direkt in andere Explorer zu stecken. Im Moment liegt alles am Boden und eine Trendwende ist (abgesehen von ein paar Gold-Aktien) noch nicht zu erkennen. Ganz besonders bei Eisen und Kohle nicht. Dass CDU entsprechend mitgefallen ist, dürfte keinen wirklich überraschen: Wir hatten mal über 150 Mio. in Cash und Beteiligungen bei rund 60 Mio Shares. Inzwischen sind davon noch rund 10% übrig bei 50% mehr Shares. Dazugekommen ist lediglich Carbon Creek was also mindestens 200 Mio. Wert sein müsste damit hier in den letzten 3 Jahren wirklich Shareholder-Value generiert wurde.

Bevor mit jemand mit Afrika kommt: Dieses Luftschloss kostet zunächst mal einen Haufen Geld (was bei CDU inzwischen knapp wird) und ob der Ausgang besser wird wie bei PeT zeigt sich erst in vielen Jahren.

Irgendwann hat sich der Markt ausgekotzt und es wird (auch bei CDU) wieder nach oben gehen. Die Frage ist nur, ob jetzt schon der richtige Zeitpunkt zum Einstieg ist und ob CDU dann zumindest eine durchschnittliche Performance hinlegen kann. Zu den Top-Performern die vom Tief aus 1000% und mehr machen wird CDU wohl kaum gehören - ich wäre inzwischen schon mit den 2 CAD zufrieden wegen denen hier keiner investiert ist...

Stefan

[Kraxler]

Antwort auf Beitrag Nr.: 43.673.003 von Stefan0310 am 03.10.12 12:39:34

Beim Anblick des aktuellen Kurses kommt mir das K.....

[dosto]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: keine Schreibrechte in diesem Thread

[derschweizer]

Antwort auf Beitrag Nr.: 43.674.094 von dosto am 03.10.12 17:08:38

zieh weiter und stänker bei deinen freunden im nachbarthread

[wasn]

Antwort auf Beitrag Nr.: 43.674.094 von dosto am 03.10.12 17:08:38

vielleicht sollte man dan mongolische Kohleaktien kaufen, diese z.B.?

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

[wasn]

der heutige Verkäufer Paradigm Capital ("Paradigm Capital raises price target to C$1.85 from C$1.50.21)" hat CDU vor kurzem (25.09.) noch empfohlen:

http://afmiweb.afdb.org/_v03/index.php?id=1262&id_news=urn:n…

[ixilon]

ABS

Oct. 3, 2012

Abzu Gold Announces the Signing of its $2.5 Million Strategic Investment Proposal

http://tmx.quotemedia.com/article.php?newsid=54762423&qm_sym…

[ixilon]

BAR

Oct. 3, 2012

Balmoral Intersects 15.09 g/t (0.44 oz/t) Gold Over 5.18 Metres (16.99 Feet) in Bug Lake Zone, Martiniere Property, Quebec

http://tmx.quotemedia.com/article.php?newsid=54764772&qm_sym…

[dosto]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: keine Schreibrechte in diesem Thread

[dosto]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: keine Schreibrechte in diesem Thread

[dosto]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: keine Schreibrechte in diesem Thread

[wasn]

Antwort auf Beitrag Nr.: 43.676.856 von dosto am 04.10.12 11:29:22

und wofür ist das dann übrigens ein Argument? Können mongolsiche 70$-Minen den chinesischen oder den Weltbedarf decken?

Deine Argumentation ist ebenso unvollständig wie bbls. Du suchst Negatives heraus, ohne dich um die Relevanz zu scheren.

Die Mongolei ist schon interessant, kohletechnisch, da stimme ich Dir zu.

[derschweizer]

Antwort auf Beitrag Nr.: 43.676.810 von dosto am 04.10.12 11:19:08

gott sei dank

[ixilon]

TV

Oct. 4, 2012

Trevali Appoints Mr. David Huberman to Board of Directors

http://tmx.quotemedia.com/article.php?newsid=54785956&qm_sym…

[Rag60]

Ärgert euch nicht.
Unser Geld ist nicht weg.
Das hat nur wer anders

[dosto]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: keine Schreibrechte in diesem Thread

[dosto]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: keine Schreibrechte in diesem Thread

[Rohstoffinvestor]

Antwort auf Beitrag Nr.: 43.678.358 von dosto am 04.10.12 16:03:37

Leute die im Explorersektor investieren sollten wissen auf was sie sich einlassen.
Momentan ist der große Katzenjammer in allen Threads.
Wer kein Geld hat sollte hier nicht investieren.
Den Frust immer abzulassen nützt nichts. Den Firmen vorzuwerfen da Sie nur Geld verbrennen nützt nichts. Es ist nun mal so. Es geht ja gar nicht anders !!!
Es nützt einzig und alleine hier nicht zu investieren !!!

Wenns dann wieder mal gut läuft kommen alle mit ihren Fähnchen aus ihren Verstecken und erzählen was für gute Trader, Investoren und dergleichen sie sind.
Das eben 95 % der Explorer auf der Strecke bleiben - vorallem wenn das Umfeld mies ist, sollte man ja inzwischen geschnallt haben.
Aber schau mal wo die Deutsche Bank, Commerzbank, Nokia oder andere sogenannte Top-Unternehmen stehen seit 2004. Vom Solarsektor gar nicht zu reden !!!!
Da bin ich sogar mit Cardero noch sehr zufrieden.

Und noch was - glauben sollte man nur sicher selber und sonst niemandem !!!!!

[ixilon]

BAR

Oct. 4, 2012

Balmoral announces closing of $8,004,000 flow-through offering

http://tmx.quotemedia.com/article.php?newsid=54788121&qm_sym…

[herrscher2]

Antwort auf Beitrag Nr.: 43.673.003 von Stefan0310 am 03.10.12 12:39:34

Hallo Stefan

ich hoffe Du warst schlau genug den Verkaufserlös von CDU nicht direkt in andere Explorer zu stecken.
---------------------------------------------------------

War ich nicht !! Ich bin bei der Dicken mit leichtem Verlust rausgegangen und habe den Ertrag in Solar und Gold investiert.

Beides geht bis dato ebenfalls schief. Ordentlich schief sogar....

[gustel66]

...warum solls auch steigen, wenns Fallen doch viel einfacher ist...

[boersenbrieflemming]

Immerhin kaufen die Insider kraeftig ein (aktuell gerade Henderson):

Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Oct 4/12 Oct 4/12 Henderson, Keith J. Direct Ownership Common Shares 10 - Acquisition in the public market 14,400 $0.660
Oct 2/12 Oct 2/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 5,500 $0.670
Oct 2/12 Sep 28/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.729
Oct 2/12 Sep 28/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.720
Oct 2/12 Sep 28/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.730
Oct 2/12 Sep 28/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 14,000 $0.735
Oct 2/12 Sep 28/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.710

Quelle: http://www.canadianinsider.com/node/7?menu_tickersearch=cdu

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.676.964 von wasn am 04.10.12 11:51:38

und wofür ist das dann übrigens ein Argument? Können mongolsiche 70$-Minen den chinesischen oder den Weltbedarf decken?

Dein Beispiel Aspire lag bei 150 USD/t (FOB) Clean Coal - wenn eine weitere Milliarde reingesteckt wird, dann wird es vielleicht durch eine Bahnstrecke billiger, sofern die Transportkosten nicht auch hier explodieren.

Ich kenne jede Verkaufsangebote ungewaschener Coking Coal, die per Truck bis an die chinesische Grenze geliefert werden können, es wird abgeladen ... und dann?

http://www.alibaba.com/product-free/122806920/unwashed_cokin…

Southgobi ist meines Wissens stillgelegt (und es gibt da wohl auch Probleme mit den Lizenzen) und ein Verkauf scheiterte an den mongolischen Gesetzen, die wiederum nicht ungedingt investorenfreundlich zu sein schein..

Preislich ist das kein rechter Unterschied - vermutlich findet man noch guenstigere Angebote.

Gruesse,

BL

[boersenbrieflemming]

Fuer diejenigen, die es interessiert:

A coal preparation plant (CPP) is a facility that washes coal of soil and rock, preparing it for transport to market.

http://en.wikipedia.org/wiki/Coal_preparation_plant

[boersenbrieflemming]

Ist mir gerade nur aufgefallen. Neues Fact Sheet (Oktober):

http://www.cardero.com/i/pdf/CarderoFactsheet.pdf

Hier wird Carbon Creek zumindest etwas besser (kuerzer und knackiger) praesentiert, als in der etwas langen News vom September. Die Praesentationen sind aber noch die alten.

Es gibt kaum einen mir bekannten Explorer, der sich in so kurzer Zeit so stark gewandelt hat. Ich bin gespannt, wann und zu welchen Konditionen die naechste, alsbald notwendige Finanzierung anläuft. Wenn sie dann wie z.B. bei TV ausreichend Kaeufer rankriegen, dann bleibe ich optimistisch. Das Projekt überzeugt.

[ixilon]

AHC

October 04, 2012

Artha Engages Progressive I.R. Consultants Corp. as Investor Relations Consultant

http://www.artharesources.com/s/newsreleases.asp?ReportID=55…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.686.481 von ixilon am 06.10.12 21:30:17

Cardero koennte das - nach Jahren - auch einmal gebrauchen, bzw. sollte das mal versuchen in dem Bereich IR/PR etwas zu machen. Bei der PR fuer das Carbon Creek Projekt muss man nicht wie ein protestantischer Klosterschueler agieren. Mich aergert die 30seitige (!) PM zur PFS (inlusive Retransmission) immer noch.

[ixilon]

BAR

October 05, 2012

Balmoral Resumes Drilling on Martiniere Property, Quebec

http://balmoralresources.mwnewsroom.com/press-releases/balmo…

[Stefan0310]

Zitat von boersenbrieflemming: Es gibt kaum einen mir bekannten Explorer, der sich in so kurzer Zeit so stark gewandelt hat. Ich bin gespannt, wann und zu welchen Konditionen die naechste, alsbald notwendige Finanzierung anläuft. Wenn sie dann wie z.B. bei TV ausreichend Kaeufer rankriegen, dann bleibe ich optimistisch.

Ohne das teure afrikanische Luftschloss wäre noch genug Geld da. Hoffen wir mal dass den Artisten was besseres einfällt als Verwässerung zu den derzeitigen Kursen, sonst kannst Du Dich von dem Traum die 2 CAD nochmal von oben zu sehen verabschieden.

Stefan

[boersenbrieflemming]

Bezueglich Ghana muessen wir zumindest die maiden resource der ersten 9km abwarten. Ich habe da auch schon viel hin und her gerechnet, gerade auch weil wir es mit vielen Eisenbereichen dort zu tun haben und wir es nicht mit PdP vergleichen koennen. Sheini hat seinen Charme, aber auch hier fehlt eigentlich eine Erklaerung, eine Vision. Praktisch alles liegt dort beginnend an der Oberflaeche, die Eisenbahn ist im Bau.... die Grade teilweise ueber dem afrikanischen Durchschnitt.

Hoffen wir mal dass den Artisten was besseres einfällt als Verwässerung zu den derzeitigen Kursen

Ich bin da Deiner Meinung (und viele andere auch -> Markt) - Sie muessen es wie TV machen - trotz Finanzierung auf niedrigem Niveau ... ausreichend Kaeufer finden.

UNd dann sollten sie einmal gescheite Promotionmachen, eine die kracht. Mit diesen Projekten ginge das.

[boersenbrieflemming]

Na, dann kann am Montag ja nix schief gehen.

BUY-IF

http://americanbulls.com/StockPage.asp?CompanyTicker=CDY&Mar…

[boersenbrieflemming]

Indian coking coal. Contract prices of coking coal, 170 U.S.D/MT for the October-December quarter, are set to go up by 10 USD.

http://www.coalexplorer.com/20120810/indian-coking-coal-cont…

[ixilon]

Canada - Heute kein Handel - 08. Oktober (Mo) - Thanksgiving Day

[boersenbrieflemming]

In den USA handeln sie und in Kanada wird mit Truthahnkeulen getaxt:


CDY:

[boersenbrieflemming]

4 Important Catalysts For The Coal Sector

http://seekingalpha.com/article/910621-4-important-catalysts…

[AMUN666]

vermehrte insider käufe...

2012-10-05 CDU 2012-10-05 39500 0 25635.00 0.00 1 0 CAD

http://www.canadianinsider.com/node/7?menu_tickersearch=CDU+…

[ixilon]

KOR

Corvus Gold Expands High-Grade Gold Mineralization and Completes Resource Definition Drilling at the Mayflower Target, North Bullfrog, Nevada

Highlights include:
NB-12-164: 6.1 metres of 9.94 g/t gold from 6m depth
NB-12-161: 28.9 metres of 0.84 g/t gold from 37m depth

http://tmx.quotemedia.com/article.php?newsid=54874715&qm_sym…

Corvus Gold (TSX: KOR)

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.694.575 von ixilon am 09.10.12 17:54:54

Ja, die Corvus laeuft wie geschmiert ...

[boersenbrieflemming]

Das koennte fuer Rueckenwind sorgen ...

Shares of coal producers rise on hope for recovery


http://www.cbsnews.com/8301-505245_162-57528848/shares-of-co…

[boersenbrieflemming]

Das war heute nix.

0.63 CAD -0.02 -3.1% 142.7k

[gustel66]

Antwort auf Beitrag Nr.: 43.695.831 von boersenbrieflemming am 09.10.12 23:06:22

..so wie schon die letzten Jahre auch...

Sorry, aber anders ist der Kurs von Cardero nicht mehr zu ertragen.

[AMUN666]

wenigstens langen mal die insider zu...

Oct 9/12 Oct 9/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 3,000 $0.650
Oct 9/12 Oct 9/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 9,500 $0.640
Oct 9/12 Oct 9/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 1,500 $0.660
Oct 9/12 Oct 9/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 3,000 $0.650
Oct 9/12 Oct 5/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.638
Oct 9/12 Oct 5/12 Hunter, Michael Leslie Direct Ownership Common Shares 10 - Acquisition in the public market 11,500 $0.650
Oct 9/12 Oct 5/12 Van Alphen, Hendrik Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.660
Oct 9/12 Oct 5/12 Van Alphen, Hendrik Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.650
Oct 9/12 Oct 5/12 Van Alphen, Hendrik Direct Ownership Common Shares 10 - Acquisition in the public market 3,500 $0.650
Oct 9/12 Oct 5/12 Harris, Leonard Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.679

[boersenbrieflemming]

Gleicher Gedanke, ich pack mal die ganze Liste (seit Ende September rein)ein, die ich abrufen kann:

Oct 9/12	 Oct 9/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	3,000	 $0.650

Oct 9/12	 Oct 9/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	9,500	 $0.640

Oct 9/12	 Oct 9/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	1,500	 $0.660

Oct 9/12	 Oct 9/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	3,000	 $0.650

Oct 9/12	 Oct 5/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	5,000	 $0.638

Oct 9/12	 Oct 5/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	11,500	 $0.650

Oct 9/12	 Oct 5/12	 Van Alphen, Hendrik	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	5,000	 $0.660

Oct 9/12	 Oct 5/12	 Van Alphen, Hendrik	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	25,000	 $0.650

Oct 9/12	 Oct 5/12	 Van Alphen, Hendrik	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	3,500	 $0.650

Oct 9/12	 Oct 5/12	 Harris, Leonard	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	10,000	 $0.679

Oct 9/12	 Oct 5/12	 Bailey, Blaine	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	5,000	 $0.620

Oct 9/12	 Oct 5/12	 Bailey, Blaine	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	10,000	 $0.630

Oct 9/12	 Oct 4/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	5,000	 $0.660

Oct 9/12	 Oct 4/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	1,000	 $0.650

Oct 9/12	 Oct 4/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	4,500	 $0.657

Oct 4/12	 Oct 4/12	 Henderson, Keith J.	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	14,400	 $0.660

Oct 9/12	 Oct 2/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	5,500	 $0.670

Oct 2/12	 Oct 2/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	5,500	 $0.670

Oct 2/12	 Sep 28/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	15,000	 $0.729

Oct 2/12	 Sep 28/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	10,000	 $0.720

Oct 2/12	 Sep 28/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	1,000	 $0.730

Oct 2/12	 Sep 28/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	14,000	 $0.735

Oct 2/12	 Sep 28/12	 Hunter, Michael Leslie	 Direct Ownership	 Common Shares	 10 - Acquisition in the public market	5,000	 $0.710

Die gute PFS ist zudem die am schlechtesten beworbene seit Jahren, man muss da nur auf den Veroeffentlichungszeitraum, die Homepage, etc.pp. schauen. Die Insider nutzen die guenstigen Preise derzeit und Henk ist nun auch dabei.

[keusix]

Antwort auf Beitrag Nr.: 43.691.330 von boersenbrieflemming am 08.10.12 21:40:24

4 Important Catalysts For The Coal Sector

http://seekingalpha.com/article/910621-4-important-catalysts…

allesamt interessantere werte als cdu.

keusix

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.697.697 von keusix am 10.10.12 13:44:29

Nun, Arch Coal hat gerade gestern etwas von Goldman Sachs auf den Deckel (waehrend Morgan Stanley am Montag mit einem Coverage rauskam) bekommen.

Cardero kannst Du da mit keinerder genannten Aktie vergleichen, Carderos Job waere es dafuer zu sorgen, dass sie immer als Explorer miterwaehnt werden, wenn es um Kohle geht.

[boersenbrieflemming]

Die sollte man mal nicht vergessen:

Indico Announces Start of Drilling Campaign at Ocana

http://www.marketwatch.com/story/indico-announces-start-of-d…

[boersenbrieflemming]

Das war heute endlich mal wieder ein angenehmer Handel.

0.66 CAD +0.03 +4.8% 80.6k
0.6785 USD +0.0245 +3.7% 62.1k

Schoen war auch das nachziehende OB.

Die Insider Kauefe duerften zuaetzlich Vertrauen schaffen - in jedem Fall ist das ein nettes Signal, dass das MM hinter dem Projekt steht.

[boersenbrieflemming]

Nochmal Insiderkaeufe:

Oct 10/12 Oct 10/12 Bailey, Blaine Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.630

http://www.canadianinsider.com/node/7?menu_tickersearch=cdu

Das sind schon schoene Signale.

[boersenbrieflemming]

Dundee:

Investment Thesis- Location! Location! Location!

CDU's Carbon Creek project is located in the Peace River coalfield where there has been a recent wave of consolidation that has seen major coal miners acquire assets held by juniors. Based on takeout metrics implied by recent transactions in the area, Cardero is currently trading at a significant discount to a potential takeover price. Further, Carbon Creek has a large metallurgical coal resource, is located in a politically stable jurisdiction and is in an area that has considerable infrastructure in place. CDU is one of the best junior met-coal development stories for the above-mentioned reasons.

PFS Highlights-Increased throughput and more HCC

The Carbon Creek pre-feasibility study highlights a large-tonnage open pit/underground metallurgical coal operation. CDU owns a 100% working interest in the Carbon Creek project with a 25% NPI payable to a private Alberta company. Highlights from today's study include:

• A 20yr mine life (down from 30yrs) based on a clean coal production rate of 4.1mm tpa (up from 2.9mm tpa) and first production in Q4 2014..

• Increased resource from 166mm tonnes to 468mm tonnes with a maiden P&P reserve estimate of 121mm tonnes.

• Base case after-tax NPV estimate of $633mm, with an IRR of 23.7%, using a $174 long term met coal price and 8% discount rate.

• Proportion of HCC increased to 60% up from 35%. A semi soft product will account for 34% of production and a thermal product that accounts for 6%.

• Total capital requirements of $839mm including $475mm in pre-production capital and $364mm in LOM sustaining capital.

• LOM average operating costs of $110/tonne (from $115/tonne) FOB, including on-site costs of $61/tonne on a clean-coal basis.

Target unchanged; NAV increases

After accounting for the changes outlined in the Carbon Creek PFS, our NAV has increased $0.09 per share from $2.40/share to $2.49/share. The increase in our NAV comes principally from the higher early cash flows brought about by higher production levels. Further, the reduced pre-production capex also helps to alleviate the burden of early cash outflows. This was offset by higher total sustaining capex requirements.

We view Cardero's Carbon Creek project as an optimal takeout target as it is the last remaining project held by a junior mining company in the recently consolidated Peace River Coalfield. Based on Carbon Creek's location and favorable long term production profile, we maintain our BUY rating with a 12-month target price of $1.70 per share (unchanged) based on a 0.7x multiple (unchanged) to our updated NAV of $2.49 per share (up from $2.40 per share). CDU is trading at 0.31x NAV, below our coal universe average of 0.5x. We will review our target/NAV multiple once port capacity and financing are obtained.

Catalysts

Catalysts for Cardero's Carbon Creek project include:

• Port capacity: In order to operate the Carbon Creek mine at the designed capacity, CDU will need to secure port capacity. They are currently in negotiations with the port of Ridely and have secured a small preliminary capacity for the first 5 years of operation. We expect to receive more clarity on this issue once the feasibility study us released.

• Feasibility study: We expect Cardero to release a feasibility study for Carbon Creek sometime next year. Once complete, we expect that the feasibility will provide impetus for financing and port capacity

• Financing: With roughly $10.8mm in the bank, we estimate that Cardero will need to raise ~$30mm in order to bring the project through feasibility. We believe that the Sheini Hills iron project could provide roughly $15mm in a sale.

Cardero's next steps are: continued drilling (for an updated geological model), mine plan refinement (to be incorporated into the feasibility study), a washability study, seam characterization (to evaluate blending potential), environmental studies, geotechnical study and a hydrological study.

http://finance.yahoo.com/mbview/threadview/;_ylt=AqLn9ySldeg…

--

Beim Financing denke ich aehnlich und das duerfte im Moment auch den Kurs druecken.

[Stefan0310]

Zitat von boersenbrieflemming: Dundee:

We believe that the Sheini Hills iron project could provide roughly $15mm in a sale.

Das wäre ja dann ein tolles Verlustgeschäft, aber immer noch besser als über 20 Mio. neue Shares die es derzeit brauchen würde um $15mm in die Kasse zu kriegen.

Stefan

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.701.792 von Stefan0310 am 11.10.12 12:12:33

Ich habe auch schon eine "Bewertung" zu 10 Mio. gesehen. Eine richtig Aussage kann da kaum keiner machen, da noch nicht einmal die "maiden" Resource (die ich aber bald erwarte) da ist, er 2.te Schritt ist die Frage, ob sich das Eisen dann einfach von der Oeberflaeche wegbaggern laesst - wir reden da von einer Laenge von ueber 35km.

[boersenbrieflemming]

Corvus Gold Reports Increased Gold Recovery Results, Mayflower Deposit, North Bullfrog Project, Nevada

http://www.prnewswire.com/news-releases/corvus-gold-reports-…

[boersenbrieflemming]

Stefan ... das noch zu Ghana (hat natuerlich auch Auswirkungen auf met coal):

Iron ore at 10-week high on China restocking, stimulus hopes


http://www.reuters.com/article/2012/10/10/markets-ironore-id…

[boersenbrieflemming]

AP News
Analyst sees uptick in metallurgical coal prices


NEW YORK (AP) — Shares of coal mining companies surged Thursday and Dahlman Rose & Co. predicted that demand may be on the rise from steel manufacturers in China.

Stocks have been lifted by rising natural gas prices, which competes with coal as an energy source. Utilities have shifted quickly over the past two years to natural gas in order to generate power, but with natural gas prices rising, and they rose again by 3 percent Thursday, many expect at least some shift back to coal.

And there are also some indications that Chinese spot steel margins will broaden on growing demand, according to Dahlman analyst Daniel W. Scott, which would require burning more metallurgical coal, used in the steel manufacturing process.

Implied Chinese spot steel margins have increased more than 30 percent since late July, Scott wrote. The move appeared to develop after iron ore and metallurgical, or met, coal prices fell in late July and August.

Chinese rebar prices began rising in early September, which led to a widening of implied spot steel margins, compared with average levels during 2012, the analyst said. As a result, iron ore prices have increased about 36 percent from 2012 lows.

Scott speculated that a similar move could occur in the met coal market. China imports about 15 percent of its met coal needs.

However, Scott said he expects coal companies to be cautious when they release third-quarter results. "If demand alone does not support higher prices, we would not rule out additional production curtailments," he wrote.

Prices for metallurgical coal have fallen as demand for steel has weakened in the slower global economy. The mining companies have curbed production and idled mines to control costs.

THE SHARES: In morning trading, shares of Arch Coal Inc. rose 69 cents, or 10.1 percent, to $7.55; Peabody Energy Corp. rose $1.92, or 8 percent, to $25.9 one and 5; Alpha Natural Resources Inc. was up 88 cents, or 12 percent, to $8.19 and Cliffs Natural Resources Inc. increased $1.17, or 2.9 percent, to $41.69.



http://www.businessweek.com/ap/2012-10-11/analyst-sees-uptic…

[ixilon]

KOR

Oct 10, 2012
Corvus Gold is Firing on All Cylinders
An update on Corvus Gold with Corvus founder and CEO Jeff Pontius.

http://thedailygold.com/corvus-gold-is-firing-on-all-cylinde…

[ixilon]

IDI

Copper Porphyry Deposits - Factsheet | Indico Resources Ltd. - Mon Oct 15, 2012

http://www.indicoresources.com/s/Factsheet.asp

[ixilon]

BAR

Oct. 15, 2012
Balmoral Continues to Expand Martiniere Gold System, Intersects 139 g/t (4.05 oz/t) Gold Over 1.00 Metre (3.28 Feet) in ME-16/23 Area

http://tmx.quotemedia.com/article.php?newsid=55012883&qm_sym…

[boersenbrieflemming]

Was man einmal kurz dokumentieren kann sind die Schlusskurse:

CDU: 0.58 CAD -0.06 -9.4% 339.6k
CDY: 0.59 USD -0.06 -9.2% 152.4k

Unter HvA waere das wohl nicht passiert. Ich bleibe dabei: Projekt gut, Umfeld klart auf. Darstellung von CDU: ungenügend.

[gustel66]

Antwort auf Beitrag Nr.: 43.715.207 von boersenbrieflemming am 15.10.12 22:35:12

...gehen nun die Lichter voellig aus bei Cardero?

[Stefan0310]

Zitat von boersenbrieflemming:
Unter HvA waere das wohl nicht passiert.

HvA hat den Coalhunter Deal zum Nachteil von uns Aktionären eingefädelt und - wenn er nicht ganz beschränkt ist - dabei genug verdient um sich nie wieder über Geld Gedanken machen zu müssen.

Ich bleibe dabei: Projekt gut,

Den der es demnächst billigst von (bzw. mit) Cardero übernimmt und in Produktion bringt wirds freuen.

Umfeld klart auf.

Sehe ich noch nicht. Eisen- und Kohlewerte sind immernoch absolut out. Selbst gute Juniors die bereits produzieren liegen am Boden. Ich bin gespannt wie man da das leichtfertig in Afrika verzockte und dringend benötigte Kapital auftreiben will. Der Einbruch gestern könnte darauf hindeuten, das besser informierte Kreise die vermutlich katastrophalen Konditionen für frisches Geld nun kennen.

Darstellung von CDU: ungenügend.

ungenügend ist bei CDU vieles

Stefan

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.715.816 von Stefan0310 am 16.10.12 08:27:40

Der Einbruch gestern könnte darauf hindeuten, das besser informierte Kreise die vermutlich katastrophalen Konditionen für frisches Geld nun kennen

Das kann man sich an zwei Fingern abzählen, dazu braucht man nicht "besser" informiert zu sein.

Mit ungenuegender Darstellung seitens CDU meine ich die komplett vergruetzte Kommunikation rund um die PFS. Das gilt sowohl fuer den Zeitpunkt (sonntags mit anschliessender Retransmission), die Art und Weise und die nachfolgend fehlende Einarbeitung der Ergebnisse.

Das Projekt wird eine Mine, daran habe ich wenig Zweifel. Ich kenne immer noch kein Beispiel einer guenstiger produzierenden Mine (96% met coal).

[Stefan0310]

Nun ja, ich hatte immer noch den absurden Hoffnungsschimmer, dass die Fähigkeiten des MMs mit Geld umzugehen die eines durchschnittlichen Erstklässlers übersteigen. Wenn man einen deutlich zweistelligen Millionenbetrag verplempert obwohl der Kapitalbedarf für das Hauptprojekt bekannt ist sollte man die weitere Finanzierung in trockenen Tüchern haben.

Am Tiefpunkt der letzten Krise war es PdP was man herschenken musste weil man sich selbst mit den Rücken an die Wand manövriert hatte, jetzt haben wir die nächste Krise und Überraschung: Geld ist wieder alle

Ich bin gespannt ob sie Carbon Creek verschleudern und den kläglichen Rest in Afrika verzocken oder ein paar hundert Mio neue Aktien auf den Markt werfen und weiterhin versuchen Carbon Creek allein zu stemmen.

Irgendwie erinnert das Ganze an die Geschichte vom "Hans im Glück": Durch Zufall -> PdP zu Reichtum gekommen und nach und nach alles wieder verzockt.

Stefan

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.715.998 von Stefan0310 am 16.10.12 09:17:42

Zufall -> PdP zu Reichtum gekommen

Nein, ich gehe davon aus das sie PdP gezielt vermarktet haben. Sonst haetten sie da keinen Kaeufer gefunden. Die Strategie bezüglich Carbon Creek sieht da anders aus, hier setzen sie auf eine Mine. Es ist auch das erste Mal, dass sich die Company soweit aus der Deckung gewagt hat (PFS).

Nun ja, ich hatte immer noch den absurden Hoffnungsschimmer, dass die Fähigkeiten des MMs mit Geld umzugehen die eines durchschnittlichen Erstklässlers übersteigen.

Exploration dauert lange und kostet viel Geld. Ich gebe Dir aber in sofern recht, dass hier sehr weit in die Vollen gegangen worden ist und wenn ich daran denke, zu welchem Preis die TV-Beteiligung abgestossen wurde .... da kann man kaum gegensaetzlicher Meinung sein.

[gustel66]

..das Gute ist, dass Cardero nur noch 40 Cent weiter fallen kann, mehr koennen unsere Aktien nicht mehr an Wert verlieren...

[boersenbrieflemming]

Coal to Rise on Seasonal Buying ...

This quarter’s US$170/metric ton (MT) benchmark coking coal contract, signed by Japan and Australia, is one of the clearest indicators of the current situation. The contract represents a 24 percent decline from Q3’s $225/MT benchmark and an almost 50 percent fall from last year’s high of $330/MT. ... (dann folgt wieder der Hinweis auf den spot price)

http://resourceinvestingnews.com/44397-coal-to-rise-on-seaso…
--

Mal schauen, wie es heute endet:

[Sstocktrader]

leider muss ich stefan in allen punkten unumwunden zustimmen.
vor allem der TV verkauf und überhaupt das afrika abenteuer kotzen mich an.

außerdem bin ich mir ziemlich sicher, dass man CC äußerst gerne schon an den "mann" gebracht hätte, wurden doch die viele projekte in der gegend bereits übernommen. aber wie immer, interessiert sich keiner für projekte von CDU.

für die war es ein no brainer ... falsch gedacht, jetzt kommt die dilution, die jeglich "angestrebtes" shareholder value für immer zunichte machen wird ...


that`s it *kotz*

[Sstocktrader]

seit der PFS beinahe 40% verloren ... DAS muss erst einmal einer nachmachen

was ist eigentlich mit den ganzen empfehlungen und dazugehörigen kurzzielen ... ein einziger großer betrug!

[Sstocktrader]

gab es eigentl. mal eine company, die soooooo oft ein take over kandidat war?

kann sich bitte irgendein major erbarmen dieses mega tolle projekt zu läppischen 100 mio CAD kaufen .... bitte, bitte, bitte ... dann aber CDU gleich mit ... dann hat es wenigstens ein ende

[Sstocktrader]

einfach geil ...

wenn jetzt nen PP zu 50 kommt ... warum haben die denn nicht gleich an die pfs eins angehängt, diese idioten!

[lll_robbe]

Zitat von gustel66: ..das Gute ist, dass Cardero nur noch 40 Cent weiter fallen kann, mehr koennen unsere Aktien nicht mehr an Wert verlieren...

57,999 ct kann es noch fallen,
dafür gibts ja noch die Zehntel cent.

[lll_robbe]

test test test 123

[lll_robbe]

Ich grüsse alle, die mich noch kennen ;-)
Ich glaube 50 CAN-ct war mal Kursziel hier,
ist ja dann eingetreten bald.

[ixilon]

KOR

Oct. 16, 2012
IIROC Trading Halt - KOR (all issues)
http://tmx.quotemedia.com/article.php?newsid=55059794&qm_sym…
----------------------------------------------------------------------
Oct. 16, 2012
Corvus Gold Arranges Non-Brokered Private Placement
http://tmx.quotemedia.com/article.php?newsid=55059799&qm_sym…
---------------------------------------------------------------------
Oct. 16, 2012
IIROC Trade Resumption - KOR
http://tmx.quotemedia.com/article.php?newsid=55059996&qm_sym…

[ixilon]

IDI, DRI

Oct. 16, 2012
Indico Appoints Dean Linden as Manager, Corporate Develoment
Acquisition of Camp Assets From Dorato
http://tmx.quotemedia.com/article.php?newsid=55048709&qm_sym…

[boersenbrieflemming]

Antwort auf Beitrag Nr.: 43.718.993 von Sstocktrader am 16.10.12 19:47:32

die denn nicht gleich an die pfs eins angehängt, diese idioten

Ganz einfach, die PFS hat kaum Volumen gebracht (ich mache u.a. die missliche PR dafuer verantwortlich, 30 Seiten News am Sonntag, inklusive unsinniger Retransmission am Montag, dann nix mehr) - die Trading-Interessierten haben wohl auf Vermutung hin vorher gekauft, wenn ich die teilweise deutlich erhoehen Volumina im Vorfeld sehe. Dann gab es keine Anschlusskaeufe auf die PFS, was haette also die Ankündigung eines Financings da gebracht - eher das Gegenteil. Das ist aber im Moment alles relativ egal.

Nicht falsch verstehen, ich bin absolut genervt vom derzeitigen Handling und beobachte die Aktie derzeit recht genau.

SK: CDU 0.55 CAD -0.03 -5.2% 351.1k

[boersenbrieflemming]

Demand for Metallurgical Coal in China Expected to Rise as Steel Margins Continue to Widen


http://www.stockhouse.com/news/usreleasesdetail.aspx?n=86406…

--

Indian iron ore, met coal demand to jump by 2020
Steel Business Briefing (subscription)-20 hours ago
In line with growth in crude steelmaking capacity, India's iron ore requirement would increase to 282 million tonnes/year by FY 2020-21 compared to 115m mt/y

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newsse…" target="_blank" rel="nofollow ugc noopener">http://www.stockhouse.com/news/usreleasesdetail.aspx?n=86406…

--

Indian iron ore, met coal demand to jump by 2020
Steel Business Briefing (subscription)-20 hours ago
In line with growth in crude steelmaking capacity, India's iron ore requirement would increase to 282 million tonnes/year by FY 2020-21 compared to 115m mt/y

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newsse…

[ixilon]

KOR

Corvus Gold - Corporate Presentation - October 15, 2012

http://www.corvusgold.com/investors/presentation/

[boersenbrieflemming]

3.55pm: Here's more from Marius Kloppers in Brisbane... BHP Billiton’s boss says Queensland’s coal industry is unlikely to expand further until issues such as royalties, taxes and declining productivity are tackled.
He says cost pressures and a high Australian dollar are putting a brake on investment plans in Australia’s largest coal producing state following a rapid decrease in coal prices. He also says it is difficult to envisage further incremental capital investment in both energy coal and metallurgical coal in Queensland until issues affecting competitiveness were addressed.
‘‘While our resource base in Queensland is very high quality, the heavy cost of taxes, royalties, declining productivity and a strong Australian dollar means that further investment to grow these operations is much less likely,’’ Mr Kloppers has told the Brisbane Mining Club.


Read more: http://www.smh.com.au/business/markets-live/markets-live-sto…
---

Die sollten lieber einmal fuer Carbon Creek ein Angebot abgeben - sie koennen guenstiger produzieren, kaemen noch mit 170$/t zu recht und haetten noch einen Terminkontrakt. Investitionen finden dort statt, wo man guenstiger produzieren kann.

[boersenbrieflemming]

Bid
0.56 7,000 2
0.55 25,500 6
0.54 40,500 10
0.53 7,500 3
0.52 8,000 4