Sprott erwirbt Option zum Grosseinstieg bei INACA - 500 Beiträge pro Seite
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Sprott Molybdenum Participation Corporation Announces Option Agreement to Acquire Shares of Inca Pacific Resources Inc.
Mon May 28, 8:34 AM
Email Story IM Story Printable View /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
TORONTO, May 28 /CNW/ - (TSX: MLY, MLY.WT) - Sprott Molybdenum Participation Corporation (the "Corporation") announced today that it has entered into an option agreement with RAB Special Situations (Master) Fund Limited ("RAB"). Under the agreement, the Corporation has the right (the "Option") to purchase up to 15,997,760 common shares (each an "Inca Share") of Inca Pacific Resources Inc. ("Inca") currently held by RAB. The Corporation will pay to RAB $0.21 per share in cash ($3,359,530 in the aggregate) to acquire the Option. The Option may be exercised at any time and from time to time until 5:00 pm (Toronto time) on July 24, 2007 at an exercise price of $1.79 per share. The exercise price for each Inca Share purchased shall be satisfied as $0.79 in cash and up to $1.00 shall be satisfied by the issuance of common shares of the Corporation based on the volume weighted average price of the common shares on the TSX over the 20 previous trading days. In the event that the Corporation exercises the Option it will have effectively paid an aggregate purchase price for each Inca Share of $2.00, 50% in cash and 50% in shares of the Corporation. Issuance of the shares of the Corporation is subject to receiving all necessary regulatory approvals including that of the Toronto Stock Exchange.
The Corporation currently owns 3,319,833 Inca Shares representing approximately 9% of the 36,368,808 Inca Shares outstanding. Following the acquisition of the Option, the Corporation will be deemed to own the 15,997,760 Inca Shares which it can acquire under the Option and as a result will be considered to own a total of 19,317,593 Inca Shares representing approximately 53% of the Inca Shares outstanding. In the event that the Corporation acquires any Inca Shares upon the exercise of the Option, such shares will be acquired for investment purposes and not with a view to exercising control over Inca or being actively involved in its management. Depending on market and other conditions, the Corporation may from time to time in the future increase or decrease its ownership, control or direction over the Inca Shares or other securities of Inca, through market transactions, private agreements or otherwise.
The Corporation has also entered into a voting trust agreement with Inca pursuant to which the Corporation will agree to vote any Inca Shares it holds in excess of 20% of the outstanding Inca Shares in favour of matters management brings before the shareholders. The agreement has a term of one year and is renewable for successive one year terms.
Mon May 28, 8:34 AM
Email Story IM Story Printable View /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
TORONTO, May 28 /CNW/ - (TSX: MLY, MLY.WT) - Sprott Molybdenum Participation Corporation (the "Corporation") announced today that it has entered into an option agreement with RAB Special Situations (Master) Fund Limited ("RAB"). Under the agreement, the Corporation has the right (the "Option") to purchase up to 15,997,760 common shares (each an "Inca Share") of Inca Pacific Resources Inc. ("Inca") currently held by RAB. The Corporation will pay to RAB $0.21 per share in cash ($3,359,530 in the aggregate) to acquire the Option. The Option may be exercised at any time and from time to time until 5:00 pm (Toronto time) on July 24, 2007 at an exercise price of $1.79 per share. The exercise price for each Inca Share purchased shall be satisfied as $0.79 in cash and up to $1.00 shall be satisfied by the issuance of common shares of the Corporation based on the volume weighted average price of the common shares on the TSX over the 20 previous trading days. In the event that the Corporation exercises the Option it will have effectively paid an aggregate purchase price for each Inca Share of $2.00, 50% in cash and 50% in shares of the Corporation. Issuance of the shares of the Corporation is subject to receiving all necessary regulatory approvals including that of the Toronto Stock Exchange.
The Corporation currently owns 3,319,833 Inca Shares representing approximately 9% of the 36,368,808 Inca Shares outstanding. Following the acquisition of the Option, the Corporation will be deemed to own the 15,997,760 Inca Shares which it can acquire under the Option and as a result will be considered to own a total of 19,317,593 Inca Shares representing approximately 53% of the Inca Shares outstanding. In the event that the Corporation acquires any Inca Shares upon the exercise of the Option, such shares will be acquired for investment purposes and not with a view to exercising control over Inca or being actively involved in its management. Depending on market and other conditions, the Corporation may from time to time in the future increase or decrease its ownership, control or direction over the Inca Shares or other securities of Inca, through market transactions, private agreements or otherwise.
The Corporation has also entered into a voting trust agreement with Inca pursuant to which the Corporation will agree to vote any Inca Shares it holds in excess of 20% of the outstanding Inca Shares in favour of matters management brings before the shareholders. The agreement has a term of one year and is renewable for successive one year terms.
Antwort auf Beitrag Nr.: 29.503.898 von stupidgame am 28.05.07 15:07:06Sorry für den Schreibfehler. Heisst natürlich INCA PACIFIC RESOURCES (IPR:TSX-V )
http://www.stockhouse.com/comp_info.asp?symbol=IPR&table=LIS…
http://www.stockhouse.com/comp_info.asp?symbol=IPR&table=LIS…
und soll ich jetzt dazu kaufen,
nur weil die Sprotte gekommen ist.
Vielleicht gibts die Gurke dann auch bald in Frankfurt,
in Berlin ist ja wenig los.
Je breiter daß Sprott in den Markt kommt, umso besser
können wir den Moly-Papst dann abschießen,
weil alles verteidigen kann er nicht, es wird langsam
teuer für ihn.
Naja, seine Moly-Aktien will er ja per ETF an
die Milchmädchen abschießen und der Pseudo-König
dabei bleiben, ob das gut geht?
nur weil die Sprotte gekommen ist.
Vielleicht gibts die Gurke dann auch bald in Frankfurt,
in Berlin ist ja wenig los.
Je breiter daß Sprott in den Markt kommt, umso besser
können wir den Moly-Papst dann abschießen,
weil alles verteidigen kann er nicht, es wird langsam
teuer für ihn.
Naja, seine Moly-Aktien will er ja per ETF an
die Milchmädchen abschießen und der Pseudo-König
dabei bleiben, ob das gut geht?
Antwort auf Beitrag Nr.: 29.505.269 von dosto am 28.05.07 15:37:17Du bist wohl Shorty, oder?
Ich muss gestehen, ich kannte INCA vorher nicht. Sieht aber nicht uninteressant aus, mal ganz unabhängig von Sprott. In Toronto ist heute wenig los, weil USA und halb Europa zu haben.
Aktuell: Last 1,98C$ (VOL:116.400)
BID: 1,90 (5.500)
ASK:1,94 (3.000)
Mal sehen, ob ich paar Stücke nehme.
Ich muss gestehen, ich kannte INCA vorher nicht. Sieht aber nicht uninteressant aus, mal ganz unabhängig von Sprott. In Toronto ist heute wenig los, weil USA und halb Europa zu haben.
Aktuell: Last 1,98C$ (VOL:116.400)
BID: 1,90 (5.500)
ASK:1,94 (3.000)
Mal sehen, ob ich paar Stücke nehme.
Antwort auf Beitrag Nr.: 29.505.569 von stupidgame am 28.05.07 15:43:44ne,
das sind eine meiner letzten Explorer,
die Gurke ist einfach noch drin, weil sie Kupfer hat,
das Moly interessiert mich nicht.
Ich hab die bei 0,50 CD mal gekauft ohne Grund,
einfach so, just for fun, weil dieser Schrott mit
Sprott Mode war und teilweise noch ist.
Von miraus können die jetzt getrieben werden und ich geh raus.
Feine Sache und ein Ende für mich.
Ich hab mir nochmals die Kapitalkosten durchgelesen
und komm ins trudeln. Mit 275 Mille werden die nix richtiges
stellen können, dazu sind die klakulierten Eckwerte
ziemlich hochgezogen.
Trotzdem, man spielt halt, Moly (mit Sprott),
Übernahme durch Chinesen.
Und irgenwann wird ein Fundamentalen-Faktenkenner
hier aufkreuzen und uns das kreuz des Südens verkaufen.
Wie immer
Für mich
Take the Money and go Home.
Kleinaleger wollen natürlich ihren Tenbagger.
Brauch ich nicht bei 20.000 Shares.
das sind eine meiner letzten Explorer,
die Gurke ist einfach noch drin, weil sie Kupfer hat,
das Moly interessiert mich nicht.
Ich hab die bei 0,50 CD mal gekauft ohne Grund,
einfach so, just for fun, weil dieser Schrott mit
Sprott Mode war und teilweise noch ist.
Von miraus können die jetzt getrieben werden und ich geh raus.
Feine Sache und ein Ende für mich.
Ich hab mir nochmals die Kapitalkosten durchgelesen
und komm ins trudeln. Mit 275 Mille werden die nix richtiges
stellen können, dazu sind die klakulierten Eckwerte
ziemlich hochgezogen.
Trotzdem, man spielt halt, Moly (mit Sprott),
Übernahme durch Chinesen.
Und irgenwann wird ein Fundamentalen-Faktenkenner
hier aufkreuzen und uns das kreuz des Südens verkaufen.
Wie immer
Für mich
Take the Money and go Home.
Kleinaleger wollen natürlich ihren Tenbagger.
Brauch ich nicht bei 20.000 Shares.
Trading Spotlight
Antwort auf Beitrag Nr.: 29.511.406 von dosto am 28.05.07 17:56:14Na, da kann man doch nur gratulieren. Sowas nennt man gutes Timing. Ich habe mich auch noch bischen kundig gemacht. Muss sagen, von den Grades bin ich nicht unbedingt begeistert. Mal sehen, ob der Wert morgen noch eine grössere Bewegung macht, wenn alle Marktteilnehmer wieder dabei sind.
Ich habe ansonsten auch andere Rohstoff-Werte auf dem Radar, wo ich einfach das Verhältnis Kapitalkosten zu erwarteten Förderergebnissen für sehr gut halte, bzw. die Unternehmen einfach mal finanziell sehr gut aufgestellt sind.
Mir sind "sichere" 200% in 12-24 Monaten allemal lieber als unsichere 1000%, die aber auch schnell -40% oder mehr werden können.
Gruss
s.
Ich habe ansonsten auch andere Rohstoff-Werte auf dem Radar, wo ich einfach das Verhältnis Kapitalkosten zu erwarteten Förderergebnissen für sehr gut halte, bzw. die Unternehmen einfach mal finanziell sehr gut aufgestellt sind.
Mir sind "sichere" 200% in 12-24 Monaten allemal lieber als unsichere 1000%, die aber auch schnell -40% oder mehr werden können.
Gruss
s.
Nun sind wir durch die 2C$-Marke durch. Geht also doch bischen was, wenn auch bei relativ kleinem Volumen. Allerdings für diese Aktie ist das Volumen trotzdem auf Mehrmonatshoch.
Antwort auf Beitrag Nr.: 29.512.113 von stupidgame am 28.05.07 18:12:23die ist doch n ur in berlin handelbar, oder sehe ich das falsch. Dann hoffen wir, das auch bei uns Umsatz zu stande kommt
hallo Moni...........spring mal nicht auf so neues Zeugs...
Grüssleins
S
Grüssleins
S
Antwort auf Beitrag Nr.: 29.516.053 von mfierke am 28.05.07 19:45:12Ja, das ist richtig. Allerdings gibt es hier im Forum ja doch ein paar, die auch in Toronto kaufen können. Ich habe seit einem knappen Jahr auch einen Kanada-Broker. Geht aber auch über Consors z.B.
Ansonsten könnte ich ja etliche Papiere nicht kaufen, wenn ich auf deutsche Börsenplätze angewiesen wäre.
Toronto ist wohl mittlerweile MUSS. Sydney noch dazu, ist dann schon fast optimal, was Rohstoff-Werte anbelangt.
Gruss
s.
Ansonsten könnte ich ja etliche Papiere nicht kaufen, wenn ich auf deutsche Börsenplätze angewiesen wäre.
Toronto ist wohl mittlerweile MUSS. Sydney noch dazu, ist dann schon fast optimal, was Rohstoff-Werte anbelangt.
Gruss
s.
Antwort auf Beitrag Nr.: 29.516.222 von Bienenvater am 28.05.07 19:49:13grüße Dich, immer wieder schöne dich zu lesen, nein mache ich nicht, schaue mir die Sache schon genauer an. meiner TCM werde ich nicht untreu
Antwort auf Beitrag Nr.: 29.516.382 von mfierke am 28.05.07 19:53:37Hallo mfierke!
Das ist richtig. Do Your own DD! Ich habe das nur reingestellt, weil das für mich an diesem dünnen Handelstag noch eine der auffälligsten Meldungen war. Natürlich muss jeder selber schauen, ob das für ihn was ist oder nicht.
MfG.
s.
Das ist richtig. Do Your own DD! Ich habe das nur reingestellt, weil das für mich an diesem dünnen Handelstag noch eine der auffälligsten Meldungen war. Natürlich muss jeder selber schauen, ob das für ihn was ist oder nicht.
MfG.
s.
Antwort auf Beitrag Nr.: 29.516.433 von stupidgame am 28.05.07 20:05:05Eins solltest du über dosto wissen, er weiß alles kauft immer zum Tiefpunkt, verkaufen tu er immer zum Höchstpunkt und er überhaupt er ist der beste überhaupt und er hört das Gras wachsen. Das beste wäre man blendet ihn einfach aus und schon hat man seine Ruhe wieder und kann sich vernünftig über Aktien unterhalten.
Antwort auf Beitrag Nr.: 29.518.006 von Miner2007 am 29.05.07 03:26:26nein, viel schlimmer: Der ist für mich ein Grund gar nicht erst einzusteigen
Gibt jedentag gute, andere Werte
Gibt jedentag gute, andere Werte
...
Schöne Entwicklung die letzten Tage!!! 
Mon Sep 17, 2007
Inca Pacific To List On Lima Stock Exchange
--------------------------------------------------------------------------------
Vancouver, BC, September 17, 2007 -- Inca Pacific Resources Inc. (TSX-V: IPR) ("Inca Pacific ") reports that it has received approval to list its common shares for trading on the Bolsa de Valores de Lima (the "Lima Exchange"). Trading will commence on September 17, 2007 under the trading symbol "IPR".
Inca Pacific is sponsored by Credibolsa, Peru's largest brokerage firm and the trading arm of Banco de Credito, Peru's largest bank. The main reason for Credibolsa's interest in Inca Pacific is its 100% owned Magistral Copper-Molybdenum project located in Ancash, Peru. Andres Milla, head of SAB Credibolsa, stated, "There are $30-billion (U.S.) in funds on Peru's capital markets looking for somewhere to invest."
The BVL main index rose 166% in 2006. The mining shares index, which makes up 61% of the Lima Exchange's listings, rose 266%. This year the mining index has risen 58%. The BVL junior sector is growing quickly. It was started in 2005, with total capital of $13.92-million (U.S.), and rose to $377.69-million (U.S.) in 2006. This is credited to the strong interest in mining by local investors and attractive tax benefits in Peru.
Anthony Floyd, President and CEO said, "Peru is a mining country. The majority of companies on the Lima Exchange are mining companies. Inca Pacific is therefore very interested in having a Peruvian shareholder base. With its listing on the Lima Exchange that process will be made easier."
Inca Pacific is developing the Magistral copper-molybdenum project located 450 kms north-north west of Lima in the Department of Ancash, Peru. A preliminary feasibility study was completed in 2006. A final feasibility study is scheduled for completion in the 4th quarter of 2007.
INCA PACIFIC RESOURCES INC.
Signed: "Anthony Floyd"
President and Director
For further information contact: Bill Galine
Investor Relations
Phone: 604-662-3922
Email: bgaline@incapacific.com
Inca Pacific To List On Lima Stock Exchange
--------------------------------------------------------------------------------
Vancouver, BC, September 17, 2007 -- Inca Pacific Resources Inc. (TSX-V: IPR) ("Inca Pacific ") reports that it has received approval to list its common shares for trading on the Bolsa de Valores de Lima (the "Lima Exchange"). Trading will commence on September 17, 2007 under the trading symbol "IPR".
Inca Pacific is sponsored by Credibolsa, Peru's largest brokerage firm and the trading arm of Banco de Credito, Peru's largest bank. The main reason for Credibolsa's interest in Inca Pacific is its 100% owned Magistral Copper-Molybdenum project located in Ancash, Peru. Andres Milla, head of SAB Credibolsa, stated, "There are $30-billion (U.S.) in funds on Peru's capital markets looking for somewhere to invest."
The BVL main index rose 166% in 2006. The mining shares index, which makes up 61% of the Lima Exchange's listings, rose 266%. This year the mining index has risen 58%. The BVL junior sector is growing quickly. It was started in 2005, with total capital of $13.92-million (U.S.), and rose to $377.69-million (U.S.) in 2006. This is credited to the strong interest in mining by local investors and attractive tax benefits in Peru.
Anthony Floyd, President and CEO said, "Peru is a mining country. The majority of companies on the Lima Exchange are mining companies. Inca Pacific is therefore very interested in having a Peruvian shareholder base. With its listing on the Lima Exchange that process will be made easier."
Inca Pacific is developing the Magistral copper-molybdenum project located 450 kms north-north west of Lima in the Department of Ancash, Peru. A preliminary feasibility study was completed in 2006. A final feasibility study is scheduled for completion in the 4th quarter of 2007.
INCA PACIFIC RESOURCES INC.
Signed: "Anthony Floyd"
President and Director
For further information contact: Bill Galine
Investor Relations
Phone: 604-662-3922
Email: bgaline@incapacific.com
vielleicht kein tenbagger aber doch beträchtliches Aufwärtspotential weiterhin. MK sollte wohl eher bei mio 200 cad als bei cad 60 mio liegen.
Antwort auf Beitrag Nr.: 32.187.407 von haemahigemao am 29.10.07 13:26:46mk wohl eher bei 75 fully diluted und kaum liquidität, aber Ausbruch könnte bald kommen - mal schauen
Könnte sein, dass der Wert bald von Brunner aufgenommen (gepuscht ?) wird: machte in einer Werbemail so Andeutungen über Depotaufnahme Cu/Mo-Explorer mit kurz bevorstehender feasibility, außerdem seit 2 Tagen zusätzlich in Frankfurt statt nur im illiquiden Berlin gehandelt...
Wenn es Inca sein sollte, dann ein wenig spät, die Schnäppchenkurse waren (wie bei allen Rohstoffwerten) im August...
Naja, die MK von 200 Mio halte ich erst mal für übertrieben. 3 Jahre bis zur Produktionsaufnahme, da wären 50% des NPV schon gut bezahlt. Und dann ist da noch der Knackpunkt mit den hohen Kapitalkosten für die geringe Projektgröße, da kann noch einiges an Verwässerung kommen, und schwups ist man von knapp 80 Mio auf 150 Mio, ohne dass der Aktienkurs groß nach oben zuckt....
Gruß Cutter
Wenn es Inca sein sollte, dann ein wenig spät, die Schnäppchenkurse waren (wie bei allen Rohstoffwerten) im August...
Naja, die MK von 200 Mio halte ich erst mal für übertrieben. 3 Jahre bis zur Produktionsaufnahme, da wären 50% des NPV schon gut bezahlt. Und dann ist da noch der Knackpunkt mit den hohen Kapitalkosten für die geringe Projektgröße, da kann noch einiges an Verwässerung kommen, und schwups ist man von knapp 80 Mio auf 150 Mio, ohne dass der Aktienkurs groß nach oben zuckt....
Gruß Cutter
Ich halte Inca für uninteressant.
Antwort auf Beitrag Nr.: 32.245.975 von Panem am 02.11.07 02:28:56bn ich anderer Ansicht bei den Molygehalten würde ich eine Verdoppelung heuer nicht ausschliessen !
Inca Pacific (WKN A0DLFF) -
der Kursverdoppler/Verdreifacher in den nächsten Monaten!
Wurde soeben in Brunners Musterdepot aufgenommen !
Auch in Mr.Ventures Spek.Depot als grösste Geldposition !
der Kursverdoppler/Verdreifacher in den nächsten Monaten!
Wurde soeben in Brunners Musterdepot aufgenommen !
Auch in Mr.Ventures Spek.Depot als grösste Geldposition !
Antwort auf Beitrag Nr.: 32.309.107 von Golfbladerunner am 06.11.07 15:35:03Ach nicht doch....
Gruß Cutter
Gruß Cutter
ist schon wirklich interessant - in peru hat der titel bei 2,55 US$ oder 2,38 CA$ geschlossen - dabei war das volumen mit über 100k US$ gar nicht schlecht!
damit ist die diverenz zum kurs in canada mehr als 10% - auch in deutschland wird die aktie höher gehandelt!
nicht das ihr jetzt glaubt, ich sehe das als ein schlechtes zeichen - ganz im gegenteil - ich sehe das sehr positiv - der free flow bei der aktie ist ja sehr gering. ich denke das es nicht mehr als 30% sind, das wären 10 bis 12 Mio. Aktien - da müssen bald die verkäufe in kanada rückläufig sein! und dann geht dieses baby erst richtig ab!!
damit ist die diverenz zum kurs in canada mehr als 10% - auch in deutschland wird die aktie höher gehandelt!
nicht das ihr jetzt glaubt, ich sehe das als ein schlechtes zeichen - ganz im gegenteil - ich sehe das sehr positiv - der free flow bei der aktie ist ja sehr gering. ich denke das es nicht mehr als 30% sind, das wären 10 bis 12 Mio. Aktien - da müssen bald die verkäufe in kanada rückläufig sein! und dann geht dieses baby erst richtig ab!!
Da habe ich mich zu teuer eingekauft! War unglücklich von Brunner, Inca in eine Fahnenstange hinein zu empfehlen. Aber wenn alles so kommt wie erwartet, wird das für uns Anleger ein schöner Erfolg werden!
Bankfähige Machbarkeitsstudie muss in wenigen Tagen kommen! Das sollte dem Kurs Flügel verleihen. Übernahmepreis für 2008 dürfte über 5 CAD liegen.
Antwort auf Beitrag Nr.: 32.624.585 von hoschmi am 30.11.07 10:32:22wieso in wenigen Tagen? Inca hat Zeit bis Jahresende und m.W. kein konkretes Datum genannt. Ob die FFS dem Kurs dann auch Flügel verleiht, wird davon abhängen, wie gravierend die Änderungen v.a. auf der Kostenseite gg der PFS ausfallen werden.
Re: News Release - Monday, December 03, 2007
Title: Inca Pacific Completes Final Feasibility Study For Magistral Copper-Molybdenum Project
--------------------------------------------------------------------------------
Vancouver, British Columbia, December 3, 2007 - Inca Pacific Resources Inc. (TSX-V: IPR, BVL: IPR) is pleased to announce the results of a Final Feasibility Study ("FFS") for its 100% owned Magistral Copper-Molybdenum Project (the "Project") located in Ancash, Peru.
The FFS has confirmed the technical and economic viability of the Project. Highlights of the study are as follows (all dollar figures in US dollars and current at 3rd Quarter, 2007):
NPV (After Tax & 8% Discount Rate) $146.0 million
IRR (After Tax) 14.9 %
Capital Payback 3.3 years
Initial Capital Expenditure (before IGV) including a 14% contingency $402 million
LOM C-1 Cash Costs (net of Mo & Ag by-product credits) $0.28/lb Cu
Mill Capacity (nominal) 20,000 tpd
Annual Throughput 7 million tonnes
Mine Life 15 years
Strip Ratio (including pre-production waste) 2.2:1
LOM average annual copper-in-concentrate production 34,100 tonnes
LOM average annual molybdenum-in-concentrate production 2860 tonnes
*LOM = Life of Mine, IGV = Value Added Tax
Anthony Floyd, President & CEO said "I am very pleased that, while capital costs have escalated, we do have a robust project with a rapid payback. In the case of copper our engineering consultants have realistically balanced conservative long-term prices with higher ones indicated by the futures market for 2011 and 2012. In the case of molybdenum they have balanced conservative long-term prices with higher short term ones predicted by a very rigorous and current supply and demand study".
The FFS was managed by MTB Project Management Professionals Inc ("MTB") and included work by Samuel Engineering Inc. ("SE"), Mine Development Associates ("MDA") and Vector Peru ("Vector"). Richard Kunter, Neil Prenn, Steve Ristorcelli and Scott Elfen from SE, MDA, MDA and Vector respectively were the Independent Qualified Persons responsible for the preparation of the FFS. The FFS includes a new NI 43-101 Mineral Resource estimate for Magistral and a corresponding block model, which were used by MDA to develop a mine plan and production schedule for the Project. The FFS will be available on Inca Pacific's website (www.incapacific.com) and SEDAR (www.sedar.com) within 45 days. Richard Kunter, one of the independent qualified persons within the meaning of National Instrument 43-101 that prepared the Final Feasibility Study, has reviewed and approved the content of this news release.
Inca Pacific will host a conference call on Monday, December 3, 2007 at 9:00 am (Pacific Time) or noon (Eastern Time) to discuss these results. Call-in information is provided at the bottom of this news release.
Project Economics
A project specific market study by H&H Metals Corporation, a metals trader, was conducted to provide pricing, treatment and refining charges, and freight for Magistral's concentrate production and grades. The results of this market study are the basis for the economic evaluation model. MTB developed a cash flow valuation model for the Project based upon the geological and engineering work completed to date. The base case was developed using the following metal prices:
YEAR Copper Price per lb in US$ Molybdenum Price per lb in US$ Silver Price per troy oz US$
2011 & 2012 2.76 22.38 12.00
2013 to 2025 1.50 12.00 12.00
These price forecasts are considerably lower than current prices which, as of November 29, 2007, were $3.08/lb for copper, $33.00/lb for molybdenum and $14.20/oz for silver. The first year of production is assumed to be 2011. Copper concentrate treatment charges and copper concentrate refining charges were assumed to be $80.00/tonne and $0.08/lb respectively. The following table shows the NPV of the base case at various discount rates:
Discount Rate (Real) NPV
0% $584.0 million
5% $259.3 million
8% $146.0 million
10% $ 90.9 million
12% $ 47.5 million
The following chart in millions of dollars shows the sensitivity of the base case's NPV (at an 8% discount rate) to various long term copper and molybdenum prices but keeping the metal prices in 2011 and 2012 the same as the base case. The impact of silver pricing changes is not significant and therefore sensitivities are not presented.
Metal Price/lb Cu $1.00 Cu $1.25 Cu $1.50 Cu $1.75 Cu $ 2.00
Mo $ 16.00 $98.0 $155.0 $212.0 $268.7 $324.9
Mo $14.00 $65.0 $122.0 $179.1 $236.0 $292.5
Mo $12.00 $32.2 $88.7 $146.0 $203.2 $260.0
Mo $10.00 $4.5 $55.4 $112.8 $170.3 $227.3
Mo $8.00 $0.8 $22.6 $79.4 $137.1 $194.5
The following chart in millions shows the sensitivity of the base case's IRR to various long term copper and molybdenum prices but keeping the metal prices in 2011 and 2012 the same as the base case:
Metal Price/lb Cu $1.00 Cu $1.25 Cu $1.50 Cu $1.75 Cu $ 2.00
Mo $ 16.00 13.0% 15.3% 17.3% 19.1% 20.7%
Mo $14.00 11.5% 14.0% 16.1% 18.0% 19.8%
Mo $12.00 9.9% 12.6% 14.9% 17.0% 18.8%
Mo $10.00 8.3% 11.0% 13.6% 15.8% 17.8%
Mo $8.00 8.1% 9.3% 12.2% 14.6% 16.7%
Mineral Resources & Reserves
MDA updated the resource model and the corresponding block model in 2007 to develop a mine plan and production schedule for the project. The estimation in all cases included a nearest neighbour, Krige, and inverse-distance interpolation, but in all cases the inverse-distance model was selected as the final and reported model. MDA utilized mineral domains defined by grade and geology to control the estimation. Estimation parameters were chosen to be appropriate for the drill spacing, geologic complexity, sample locations and parameters defined by point validation and correlograms. The new NI 43-101 Mineral Resource estimate is based on assay results from 65,214 metres of core drilling in 286 holes and at a 0.4% Cu equivalent* cut-off is as follows:
Resource Category Tonnes
Millions Grade
(% Cu) Copper
Millions lbs Grade
(% Mo) Molybdenum
Millions lbs
Measured 108.8 0.52 1237 0.055 133
Indicated 86.7 0.51 974 0.047 90
Measured & Indicated 195.5 0.51 2,211 0.052 223
Inferred 55.4 0.55 673 0.023 28
* Copper equivalent calculation of 5 to 1 reflects metal prices used in the Pre-Feasibility Study (Cu - US $1.20/lb, Mo - US $6.00/lb) with no adjustment for metallurgical recoveries and relative processing and smelting costs.
Using Whittle (Lerchs-Grossman) optimizations of potential economic pit limits on only the Measured & Indicated Resource, MDA determined the mine plan and production schedule. The estimate of mineral reserves within the pit phases was reported using an internal NSR cut-off value of $5.25. The table below shows the Mineral Reserves within the designed ultimate pit based on the MDA resource model. Proven and Probable Mineral Reserves have been estimated as of today's date to be:
Reserve Category Tonnes
Millions Grade
(% Cu) Copper
Millions lbs Grade
(% Mo) Molybdenum
Millions lbs
Proven 76.1 0.48 805 0.051 86
Probable 37.4 0.51 421 0.047 39
Proven and Probable 113.5 0.49 1226 0.050 125
Mining & Milling
The Project will utilize conventional mining and milling processes. The open pit is scheduled to deliver a nominal 20,000 tonnes per day (7 million tonnes per year) of sulphide ore to the primary crusher for 15 years. The processing plant is forecast to produce, on average, 34,178 tonnes (75.2 million lbs) per year of copper in concentrate, 2,860 tonnes (6.3 million lbs) per year of molybdenum in concentrate and 380,000 ounces per year of silver in copper concentrate. Average LOM metallurgical recoveries have been estimated to be 95% for copper and 79% for molybdenum, producing a copper concentrate grading on average 33.5% copper and 117g/t silver and molybdenum concentrate grading 53% molybdenum. The copper concentrate will attract minor penalties for arsenic. In all years the arsenic content will average less than 0.5% except in year 12 when it will average 0.74%.
Capital Costs
SE developed capital cost estimates for the proposed mining and processing operation at Magistral. The following table summarizes the capital cost estimates in the FFS for the Project:
Direct Capital Costs $258 million
Indirect Capital Costs $109 million
Owner's Direct and Indirect Capital Costs $34 million
Closure Cost-Annual Advance Payment $1 million
Total (Base Case) $402 million
Upfront Working Capital $2 million
LOM Sustaining Capital $169 million
The total (Base Case) Capital Cost estimates contain a contingency of $50 million (14%) and excludes IGV. The estimates have been compiled with an accuracy level of -4% to +14%.
There has been a material increase in capital costs since the publication of our Preliminary Feasibility Study (PFS) in October 2006. The following table summarizes the increase in capital cost estimates from the PFS to the FFS:
Item Description PFS
Millions
FFS
Millions
Increase
(Decrease)
Direct Costs
Mining $54.3 $21.4 (61%) *
Process $86.4 $137.0 59%
Infrastructure $81.2 $107.7 33%
subtotal Direct Costs $221.8 $266.1 20%
Indirect Costs $15.5 $101.0 552%
Owner's Costs $22.0 $34.2 56%
Total Capital $259.3 $401.3 55%
* Owner mine equipment purchases were deferred due to contract mining being employed in years minus one and minus two (pre-production).
Operating Costs
The results of the FFS show that a mine at Magistral will be a low cost operation. The FFS estimates that the cash costs (net of Mo & Ag by-products) over the life of the mine will average $0.28 per pound of copper payable. Cash costs include mining, processing, mine site administration costs, all costs associated with delivery of concentrates to smelters and all treatment and refining charges. The LOM operating cost estimate is $8.31 per tonne, not including contingency. Operating costs in the cashflow include a 10% contingency on estimated cost.
Infrastructure
Magistral is 261 kms by road from the port of Salaverry from which concentrate will be shipped to smelters. Seventy seven kms of the road will require upgrading and 28 kms of new road will need to be constructed to allow the passage of 40 tonne trucks. Electrical power for the Project will require the construction of a 51 kms power line (138kV) from the existing grid at Sihuas to Magistral. Water will be sourced locally from the Magistral valley and also recycled from the tailings impoundment.
Environmental
The Project will utilize World Bank Guidelines for environmental management practice, development and design. Preliminary baseline studies completed to date have included initial surface water quality sampling, archaeological studies, socio-economic reviews and biological and re-vegetation studies. A water treatment plant will be constructed to process discharges from the tailings impoundment.
Employment and Taxes
The project will create 1,200 temporary construction jobs and 231 permanent jobs. Over the life of the mine, the project should generate US $278 million in taxes and US $90 million in royalties.
Timing
The Company anticipates that it will take 12 months to obtain approval of its Environmental Impact Assessment (EIA) and obtain all permits to allow site construction to commence. It will then take a further 24 months to complete site construction of the project. Production is anticipated to commence in the first quarter of 2011. Under its agreement with the Government of Peru ("GOP") the Company must commence commercial production by the end of 2011.
Next Steps
The Company intends to deliver the Final Feasibility Study to the GOP on or before December 31, 2007. The Final Feasibility Study, in NI 43-101 format, will be available on Inca Pacific's website (www.incapacific.com) and SEDAR (www.sedar.com) within 45 days.
The project is situated on lands owned by the community of Conchucos. The community of Conchucos has voted to grant the company a surface right to allow development of the project. The Company is optimistic that it will obtain this surface right on fair terms and in such a manner that will benefit the community and promote sustainable development in the region.
The Company has appointed Pincock, Allen & Holt as Independent Engineer to review the Final Feasibility Study and to express an opinion as to whether the study is in a form and content that would allow major financial institutions to provide all or part of the debt and/or equity financing for the construction of the Magistral project.
On or before February 28, 2008 the Company must provide the GOP with one or more letters from major financial institutions stating that the Feasibility Study is a Bankable Feasibility Study.
Final Feasibility Study Qualified Persons
The Independent Qualified Persons responsible for the FFS are as follows:
Name Responsibility Company
Richard Kunter, FAusIMM(CP) Process and Metallurgy Samuel Engineering Inc.
Neil B. Prenn, PE Mine Design Mine Development Associates
Steve Ristorcelli, RPG Resource Estimate Mine Development Associates
Scott Elfin, PE Environmental, Roads, Mine waste Tailings Vector Peru
Conference Call
Call in details for the conference call to be held on Monday, December 3, 2007 at 9:00 am (Pacific Time) or noon (Eastern Time) are:
North American toll-free: 866-322-2356
International: 416-640-3405
A replay of this conference call will be available on Inca Pacific's website at www.incapacific.com. The replay numbers are:
North American toll-free: 888-203-1112
International: 647-436-0148
Replay Code: 7452209
INCA PACIFIC RESOURCES INC.
Signed: "Anthony Floyd"
President and Director For further information contact: Bill Galine
Investor Relations
Phone: 604-662-3922
Email: bgaline@incapacific.com
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of copper, molybdenum and silver, the timing of exploration activities, the mine life of the Magistral Project, the economic viability and estimated internal rate of return of the Magistral Project, the estimation of mineral resources, the results of drilling, estimated future capital and operating costs, future stripping ratios, projected mineral recovery rates and Inca Pacific's commitment to, and plans for developing, the Magistral Project. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Inca Pacific to be materially different from those expressed or implied by such forward-looking statements. The FFS includes a detailed discussion of the risks and assumptions underlying such forward-looking statements including but not limited to: risks related to the exploration and potential development of the Magistral Project, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of copper, silver and molybdenum. Although Inca Pacific has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Inca Pacific does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
--------------------------------------------------------------------------------
Copyright © 2007 INCA PACIFIC RESOURCES INC. (IPR) All rights reserved. For more information visit our website at http://www.incapacific.com/ or send email to contact@incapacific.com .
Title: Inca Pacific Completes Final Feasibility Study For Magistral Copper-Molybdenum Project
--------------------------------------------------------------------------------
Vancouver, British Columbia, December 3, 2007 - Inca Pacific Resources Inc. (TSX-V: IPR, BVL: IPR) is pleased to announce the results of a Final Feasibility Study ("FFS") for its 100% owned Magistral Copper-Molybdenum Project (the "Project") located in Ancash, Peru.
The FFS has confirmed the technical and economic viability of the Project. Highlights of the study are as follows (all dollar figures in US dollars and current at 3rd Quarter, 2007):
NPV (After Tax & 8% Discount Rate) $146.0 million
IRR (After Tax) 14.9 %
Capital Payback 3.3 years
Initial Capital Expenditure (before IGV) including a 14% contingency $402 million
LOM C-1 Cash Costs (net of Mo & Ag by-product credits) $0.28/lb Cu
Mill Capacity (nominal) 20,000 tpd
Annual Throughput 7 million tonnes
Mine Life 15 years
Strip Ratio (including pre-production waste) 2.2:1
LOM average annual copper-in-concentrate production 34,100 tonnes
LOM average annual molybdenum-in-concentrate production 2860 tonnes
*LOM = Life of Mine, IGV = Value Added Tax
Anthony Floyd, President & CEO said "I am very pleased that, while capital costs have escalated, we do have a robust project with a rapid payback. In the case of copper our engineering consultants have realistically balanced conservative long-term prices with higher ones indicated by the futures market for 2011 and 2012. In the case of molybdenum they have balanced conservative long-term prices with higher short term ones predicted by a very rigorous and current supply and demand study".
The FFS was managed by MTB Project Management Professionals Inc ("MTB") and included work by Samuel Engineering Inc. ("SE"), Mine Development Associates ("MDA") and Vector Peru ("Vector"). Richard Kunter, Neil Prenn, Steve Ristorcelli and Scott Elfen from SE, MDA, MDA and Vector respectively were the Independent Qualified Persons responsible for the preparation of the FFS. The FFS includes a new NI 43-101 Mineral Resource estimate for Magistral and a corresponding block model, which were used by MDA to develop a mine plan and production schedule for the Project. The FFS will be available on Inca Pacific's website (www.incapacific.com) and SEDAR (www.sedar.com) within 45 days. Richard Kunter, one of the independent qualified persons within the meaning of National Instrument 43-101 that prepared the Final Feasibility Study, has reviewed and approved the content of this news release.
Inca Pacific will host a conference call on Monday, December 3, 2007 at 9:00 am (Pacific Time) or noon (Eastern Time) to discuss these results. Call-in information is provided at the bottom of this news release.
Project Economics
A project specific market study by H&H Metals Corporation, a metals trader, was conducted to provide pricing, treatment and refining charges, and freight for Magistral's concentrate production and grades. The results of this market study are the basis for the economic evaluation model. MTB developed a cash flow valuation model for the Project based upon the geological and engineering work completed to date. The base case was developed using the following metal prices:
YEAR Copper Price per lb in US$ Molybdenum Price per lb in US$ Silver Price per troy oz US$
2011 & 2012 2.76 22.38 12.00
2013 to 2025 1.50 12.00 12.00
These price forecasts are considerably lower than current prices which, as of November 29, 2007, were $3.08/lb for copper, $33.00/lb for molybdenum and $14.20/oz for silver. The first year of production is assumed to be 2011. Copper concentrate treatment charges and copper concentrate refining charges were assumed to be $80.00/tonne and $0.08/lb respectively. The following table shows the NPV of the base case at various discount rates:
Discount Rate (Real) NPV
0% $584.0 million
5% $259.3 million
8% $146.0 million
10% $ 90.9 million
12% $ 47.5 million
The following chart in millions of dollars shows the sensitivity of the base case's NPV (at an 8% discount rate) to various long term copper and molybdenum prices but keeping the metal prices in 2011 and 2012 the same as the base case. The impact of silver pricing changes is not significant and therefore sensitivities are not presented.
Metal Price/lb Cu $1.00 Cu $1.25 Cu $1.50 Cu $1.75 Cu $ 2.00
Mo $ 16.00 $98.0 $155.0 $212.0 $268.7 $324.9
Mo $14.00 $65.0 $122.0 $179.1 $236.0 $292.5
Mo $12.00 $32.2 $88.7 $146.0 $203.2 $260.0
Mo $10.00 $4.5 $55.4 $112.8 $170.3 $227.3
Mo $8.00 $0.8 $22.6 $79.4 $137.1 $194.5
The following chart in millions shows the sensitivity of the base case's IRR to various long term copper and molybdenum prices but keeping the metal prices in 2011 and 2012 the same as the base case:
Metal Price/lb Cu $1.00 Cu $1.25 Cu $1.50 Cu $1.75 Cu $ 2.00
Mo $ 16.00 13.0% 15.3% 17.3% 19.1% 20.7%
Mo $14.00 11.5% 14.0% 16.1% 18.0% 19.8%
Mo $12.00 9.9% 12.6% 14.9% 17.0% 18.8%
Mo $10.00 8.3% 11.0% 13.6% 15.8% 17.8%
Mo $8.00 8.1% 9.3% 12.2% 14.6% 16.7%
Mineral Resources & Reserves
MDA updated the resource model and the corresponding block model in 2007 to develop a mine plan and production schedule for the project. The estimation in all cases included a nearest neighbour, Krige, and inverse-distance interpolation, but in all cases the inverse-distance model was selected as the final and reported model. MDA utilized mineral domains defined by grade and geology to control the estimation. Estimation parameters were chosen to be appropriate for the drill spacing, geologic complexity, sample locations and parameters defined by point validation and correlograms. The new NI 43-101 Mineral Resource estimate is based on assay results from 65,214 metres of core drilling in 286 holes and at a 0.4% Cu equivalent* cut-off is as follows:
Resource Category Tonnes
Millions Grade
(% Cu) Copper
Millions lbs Grade
(% Mo) Molybdenum
Millions lbs
Measured 108.8 0.52 1237 0.055 133
Indicated 86.7 0.51 974 0.047 90
Measured & Indicated 195.5 0.51 2,211 0.052 223
Inferred 55.4 0.55 673 0.023 28
* Copper equivalent calculation of 5 to 1 reflects metal prices used in the Pre-Feasibility Study (Cu - US $1.20/lb, Mo - US $6.00/lb) with no adjustment for metallurgical recoveries and relative processing and smelting costs.
Using Whittle (Lerchs-Grossman) optimizations of potential economic pit limits on only the Measured & Indicated Resource, MDA determined the mine plan and production schedule. The estimate of mineral reserves within the pit phases was reported using an internal NSR cut-off value of $5.25. The table below shows the Mineral Reserves within the designed ultimate pit based on the MDA resource model. Proven and Probable Mineral Reserves have been estimated as of today's date to be:
Reserve Category Tonnes
Millions Grade
(% Cu) Copper
Millions lbs Grade
(% Mo) Molybdenum
Millions lbs
Proven 76.1 0.48 805 0.051 86
Probable 37.4 0.51 421 0.047 39
Proven and Probable 113.5 0.49 1226 0.050 125
Mining & Milling
The Project will utilize conventional mining and milling processes. The open pit is scheduled to deliver a nominal 20,000 tonnes per day (7 million tonnes per year) of sulphide ore to the primary crusher for 15 years. The processing plant is forecast to produce, on average, 34,178 tonnes (75.2 million lbs) per year of copper in concentrate, 2,860 tonnes (6.3 million lbs) per year of molybdenum in concentrate and 380,000 ounces per year of silver in copper concentrate. Average LOM metallurgical recoveries have been estimated to be 95% for copper and 79% for molybdenum, producing a copper concentrate grading on average 33.5% copper and 117g/t silver and molybdenum concentrate grading 53% molybdenum. The copper concentrate will attract minor penalties for arsenic. In all years the arsenic content will average less than 0.5% except in year 12 when it will average 0.74%.
Capital Costs
SE developed capital cost estimates for the proposed mining and processing operation at Magistral. The following table summarizes the capital cost estimates in the FFS for the Project:
Direct Capital Costs $258 million
Indirect Capital Costs $109 million
Owner's Direct and Indirect Capital Costs $34 million
Closure Cost-Annual Advance Payment $1 million
Total (Base Case) $402 million
Upfront Working Capital $2 million
LOM Sustaining Capital $169 million
The total (Base Case) Capital Cost estimates contain a contingency of $50 million (14%) and excludes IGV. The estimates have been compiled with an accuracy level of -4% to +14%.
There has been a material increase in capital costs since the publication of our Preliminary Feasibility Study (PFS) in October 2006. The following table summarizes the increase in capital cost estimates from the PFS to the FFS:
Item Description PFS
Millions
FFS
Millions
Increase
(Decrease)
Direct Costs
Mining $54.3 $21.4 (61%) *
Process $86.4 $137.0 59%
Infrastructure $81.2 $107.7 33%
subtotal Direct Costs $221.8 $266.1 20%
Indirect Costs $15.5 $101.0 552%
Owner's Costs $22.0 $34.2 56%
Total Capital $259.3 $401.3 55%
* Owner mine equipment purchases were deferred due to contract mining being employed in years minus one and minus two (pre-production).
Operating Costs
The results of the FFS show that a mine at Magistral will be a low cost operation. The FFS estimates that the cash costs (net of Mo & Ag by-products) over the life of the mine will average $0.28 per pound of copper payable. Cash costs include mining, processing, mine site administration costs, all costs associated with delivery of concentrates to smelters and all treatment and refining charges. The LOM operating cost estimate is $8.31 per tonne, not including contingency. Operating costs in the cashflow include a 10% contingency on estimated cost.
Infrastructure
Magistral is 261 kms by road from the port of Salaverry from which concentrate will be shipped to smelters. Seventy seven kms of the road will require upgrading and 28 kms of new road will need to be constructed to allow the passage of 40 tonne trucks. Electrical power for the Project will require the construction of a 51 kms power line (138kV) from the existing grid at Sihuas to Magistral. Water will be sourced locally from the Magistral valley and also recycled from the tailings impoundment.
Environmental
The Project will utilize World Bank Guidelines for environmental management practice, development and design. Preliminary baseline studies completed to date have included initial surface water quality sampling, archaeological studies, socio-economic reviews and biological and re-vegetation studies. A water treatment plant will be constructed to process discharges from the tailings impoundment.
Employment and Taxes
The project will create 1,200 temporary construction jobs and 231 permanent jobs. Over the life of the mine, the project should generate US $278 million in taxes and US $90 million in royalties.
Timing
The Company anticipates that it will take 12 months to obtain approval of its Environmental Impact Assessment (EIA) and obtain all permits to allow site construction to commence. It will then take a further 24 months to complete site construction of the project. Production is anticipated to commence in the first quarter of 2011. Under its agreement with the Government of Peru ("GOP") the Company must commence commercial production by the end of 2011.
Next Steps
The Company intends to deliver the Final Feasibility Study to the GOP on or before December 31, 2007. The Final Feasibility Study, in NI 43-101 format, will be available on Inca Pacific's website (www.incapacific.com) and SEDAR (www.sedar.com) within 45 days.
The project is situated on lands owned by the community of Conchucos. The community of Conchucos has voted to grant the company a surface right to allow development of the project. The Company is optimistic that it will obtain this surface right on fair terms and in such a manner that will benefit the community and promote sustainable development in the region.
The Company has appointed Pincock, Allen & Holt as Independent Engineer to review the Final Feasibility Study and to express an opinion as to whether the study is in a form and content that would allow major financial institutions to provide all or part of the debt and/or equity financing for the construction of the Magistral project.
On or before February 28, 2008 the Company must provide the GOP with one or more letters from major financial institutions stating that the Feasibility Study is a Bankable Feasibility Study.
Final Feasibility Study Qualified Persons
The Independent Qualified Persons responsible for the FFS are as follows:
Name Responsibility Company
Richard Kunter, FAusIMM(CP) Process and Metallurgy Samuel Engineering Inc.
Neil B. Prenn, PE Mine Design Mine Development Associates
Steve Ristorcelli, RPG Resource Estimate Mine Development Associates
Scott Elfin, PE Environmental, Roads, Mine waste Tailings Vector Peru
Conference Call
Call in details for the conference call to be held on Monday, December 3, 2007 at 9:00 am (Pacific Time) or noon (Eastern Time) are:
North American toll-free: 866-322-2356
International: 416-640-3405
A replay of this conference call will be available on Inca Pacific's website at www.incapacific.com. The replay numbers are:
North American toll-free: 888-203-1112
International: 647-436-0148
Replay Code: 7452209
INCA PACIFIC RESOURCES INC.
Signed: "Anthony Floyd"
President and Director For further information contact: Bill Galine
Investor Relations
Phone: 604-662-3922
Email: bgaline@incapacific.com
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of copper, molybdenum and silver, the timing of exploration activities, the mine life of the Magistral Project, the economic viability and estimated internal rate of return of the Magistral Project, the estimation of mineral resources, the results of drilling, estimated future capital and operating costs, future stripping ratios, projected mineral recovery rates and Inca Pacific's commitment to, and plans for developing, the Magistral Project. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Inca Pacific to be materially different from those expressed or implied by such forward-looking statements. The FFS includes a detailed discussion of the risks and assumptions underlying such forward-looking statements including but not limited to: risks related to the exploration and potential development of the Magistral Project, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of copper, silver and molybdenum. Although Inca Pacific has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Inca Pacific does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
--------------------------------------------------------------------------------
Copyright © 2007 INCA PACIFIC RESOURCES INC. (IPR) All rights reserved. For more information visit our website at http://www.incapacific.com/ or send email to contact@incapacific.com .
Antwort auf Beitrag Nr.: 32.651.979 von Dantyren am 03.12.07 21:07:02http://www.incapacific.com/s/NewsReleases.asp?ReportID=27527…
Hier nochmals die News, mit der Firmenwebsite verlinkt, ist übersichtlicher.
Hier nochmals die News, mit der Firmenwebsite verlinkt, ist übersichtlicher.
Antwort auf Beitrag Nr.: 32.652.226 von Dantyren am 03.12.07 21:23:43SCHÖN zu lesen *freu!
Inca Pacific to complete $3.4-million private placement
2007-12-21 14:23 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC TO RAISE UP TO 3.4 MILLION THROUGH NON-BROKERED PRIVATE PLACEMENT
Inca Pacific Resources Inc. intends to complete a non-brokered private placement of up to two million common shares at a price of $1.70 per share to Sprott Asset Management on behalf of certain managed accounts.
Prior to the completion of the private placement, Sprott intends to sell an equal number of common shares of the company at current market prices through the facilities of the TSX Venture Exchange.
Following the sale of common shares by Sprott, and the private placement by the company, Sprott expects to hold 19,336,793 common shares or 49.47 per cent of the company's outstanding common shares.
Proceeds of up to $3.4-million from the sale of the common shares by the company will be used to advance the company's Magistral copper-molybdenum deposit located in Ancash, Peru, and for general working capital purposes.
Anthony Floyd, president and chief executive officer said, "We have structured the financing in this way so as to increase the number of Peruvian investors in Inca Pacific and improve the liquidity of our shares on the Lima Stock Exchange."
A finder's fee is payable by the company to Credibolsa S.A.B. S.A. for its role in facilitating the transaction. The fee is comprised of a cash fee equal to 5 per cent of the total proceeds realized from the sale of shares by Sprott and that number of warrants which is equal to 5 per cent of the number of shares sold by Sprott. Subject to certain restrictions, the warrants shall be exercisable for a period of 18 months at an exercise price of $2.50.
The private placement is subject to acceptance by the exchange, and will be closed when the final documentation is accepted for filing by the exchange. The common shares are subject to a hold period of four months from the distribution date.
2007-12-21 14:23 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC TO RAISE UP TO 3.4 MILLION THROUGH NON-BROKERED PRIVATE PLACEMENT
Inca Pacific Resources Inc. intends to complete a non-brokered private placement of up to two million common shares at a price of $1.70 per share to Sprott Asset Management on behalf of certain managed accounts.
Prior to the completion of the private placement, Sprott intends to sell an equal number of common shares of the company at current market prices through the facilities of the TSX Venture Exchange.
Following the sale of common shares by Sprott, and the private placement by the company, Sprott expects to hold 19,336,793 common shares or 49.47 per cent of the company's outstanding common shares.
Proceeds of up to $3.4-million from the sale of the common shares by the company will be used to advance the company's Magistral copper-molybdenum deposit located in Ancash, Peru, and for general working capital purposes.
Anthony Floyd, president and chief executive officer said, "We have structured the financing in this way so as to increase the number of Peruvian investors in Inca Pacific and improve the liquidity of our shares on the Lima Stock Exchange."
A finder's fee is payable by the company to Credibolsa S.A.B. S.A. for its role in facilitating the transaction. The fee is comprised of a cash fee equal to 5 per cent of the total proceeds realized from the sale of shares by Sprott and that number of warrants which is equal to 5 per cent of the number of shares sold by Sprott. Subject to certain restrictions, the warrants shall be exercisable for a period of 18 months at an exercise price of $2.50.
The private placement is subject to acceptance by the exchange, and will be closed when the final documentation is accepted for filing by the exchange. The common shares are subject to a hold period of four months from the distribution date.
Inca Pacific delivers Magistral final feasibility study
2008-01-02 08:39 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC DELIVERS FINAL FEASIBILITY STUDY TO GOVERNMENT OF PERU
Inca Pacific Resources Inc., in accordance with its agreements with the government of Peru (GOP), has:
Delivered a copy of the Magistral final feasibility study to the GOP;
Paid $400,000 (U.S.) to the GOP.
Anthony Floyd, president and chief executive officer, said: "This major milestone has been achieved as a result of a monumental effort by our consultants MTB Project Management, Samuel Engineering, Mine Development Associates and Vector Peru. Notwithstanding how busy the industry is today, the consultants managed to complete the study and deliver it before our deadline of Dec. 31, 2007."
The company has appointed Pincock, Allen & Holt as independent engineer to review the final feasibility study and to express an opinion as to whether the study is in a form and content that would allow major financial institutions to provide all or part of the debt and/or equity financing for the construction of the Magistral project.
2008-01-02 08:39 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC DELIVERS FINAL FEASIBILITY STUDY TO GOVERNMENT OF PERU
Inca Pacific Resources Inc., in accordance with its agreements with the government of Peru (GOP), has:
Delivered a copy of the Magistral final feasibility study to the GOP;
Paid $400,000 (U.S.) to the GOP.
Anthony Floyd, president and chief executive officer, said: "This major milestone has been achieved as a result of a monumental effort by our consultants MTB Project Management, Samuel Engineering, Mine Development Associates and Vector Peru. Notwithstanding how busy the industry is today, the consultants managed to complete the study and deliver it before our deadline of Dec. 31, 2007."
The company has appointed Pincock, Allen & Holt as independent engineer to review the final feasibility study and to express an opinion as to whether the study is in a form and content that would allow major financial institutions to provide all or part of the debt and/or equity financing for the construction of the Magistral project.
Inca Pacific 1.51-million-share private placement
2008-01-08 16:07 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 21, 2007.
Number of shares: 1,515,600
Purchase price: $1.70 per share
Insider participation: Sprott Asset Management Inc., 1,515,600
Finder's fee: $136,404 cash and 75,780 warrants exercisable at $2.50 for 18 months payable to Credibolsa SAB SA
2008-01-08 16:07 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 21, 2007.
Number of shares: 1,515,600
Purchase price: $1.70 per share
Insider participation: Sprott Asset Management Inc., 1,515,600
Finder's fee: $136,404 cash and 75,780 warrants exercisable at $2.50 for 18 months payable to Credibolsa SAB SA
Jan. 14, 2008
Inca Pacific has closed its non-brokered private placement of 1,515,600 common shares at a price of $1.70 per share (the "Offering") with Sprott Asset Management on behalf of certain managed accounts ("Sprott") for total proceeds of $2,576,520. As a result of the Offering, Sprott owns approximately 49.47% of the issued and outstanding shares of Inca Pacific on a non-diluted basis.
Prior to the completion of the private placement, Sprott sold 1,515,600 common shares at a price of $1.80 per share through the facilities of the TSX Venture Exchange. For its role in facilitating this sale, a fee was paid to Credibolsa SAB S.A. consisting of $136,404 and warrants to purchase a total of 75,780 shares of Inca Pacific exercisable at a price of $2.50 per share on or before July 14, 2009.
The Sprott shares and any shares issued on exercise of Credibolsa's warrants are subject to a hold period expiring May 14, 2008.
Proceeds from the Offering will be used to advance Inca Pacific's 100% owned Magistral Copper-Molybdenum Property in Peru and for general working capital purposes.
http://biz.yahoo.com/ccn/080114/200801140436061001.html?.v=1
Inca Pacific has closed its non-brokered private placement of 1,515,600 common shares at a price of $1.70 per share (the "Offering") with Sprott Asset Management on behalf of certain managed accounts ("Sprott") for total proceeds of $2,576,520. As a result of the Offering, Sprott owns approximately 49.47% of the issued and outstanding shares of Inca Pacific on a non-diluted basis.
Prior to the completion of the private placement, Sprott sold 1,515,600 common shares at a price of $1.80 per share through the facilities of the TSX Venture Exchange. For its role in facilitating this sale, a fee was paid to Credibolsa SAB S.A. consisting of $136,404 and warrants to purchase a total of 75,780 shares of Inca Pacific exercisable at a price of $2.50 per share on or before July 14, 2009.
The Sprott shares and any shares issued on exercise of Credibolsa's warrants are subject to a hold period expiring May 14, 2008.
Proceeds from the Offering will be used to advance Inca Pacific's 100% owned Magistral Copper-Molybdenum Property in Peru and for general working capital purposes.
http://biz.yahoo.com/ccn/080114/200801140436061001.html?.v=1
Inca Pacific files Magistral NI 43-101-compliant report
2008-01-18 10:14 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC FILES MAGISTRAL FINAL FEASIBILITY STUDY ON SEDAR
The final feasibility study (FFS) for Inca Pacific Resources Inc.'s 100-per-cent-owned Magistral copper-molybdenum project, located in Ancash, Peru, has been filed on SEDAR.
Inca Pacific commissioned Samuel Engineering Inc. (SE) to provide a final feasibility study of the Magistral project, and an independent qualified person's review and technical report. Richard Kunter, QP, FAus, IMM (CP), an SE metallurgical engineer, served as the qualified person responsible for the preparation of this technical report, as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and in compliance with Form 43-101 F1 (the technical report).
2008-01-18 10:14 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC FILES MAGISTRAL FINAL FEASIBILITY STUDY ON SEDAR
The final feasibility study (FFS) for Inca Pacific Resources Inc.'s 100-per-cent-owned Magistral copper-molybdenum project, located in Ancash, Peru, has been filed on SEDAR.
Inca Pacific commissioned Samuel Engineering Inc. (SE) to provide a final feasibility study of the Magistral project, and an independent qualified person's review and technical report. Richard Kunter, QP, FAus, IMM (CP), an SE metallurgical engineer, served as the qualified person responsible for the preparation of this technical report, as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and in compliance with Form 43-101 F1 (the technical report).
Zitat Brunner, SCI (8.2.08): "Eine Übernahme halte ich immer noch für das wahrscheinlichste Szenario und die Chinesen bezahlen derzeit einen Preis für Kupfer im Boden, der mehr als fair ist. Wir werden es hoffentlich in Kürze sehen."
February 18, 2008
Inca Pacific announces that following the filing of its technical report with the Government of Peru (“GOP”) in a form designed to satisfy the requirement of a Bankable Feasibility Study, the Company is working with a number of financial institutions to provide the comfort to the GOP that the report is in a form sufficient to secure project financing. Inca Pacific is working with its advisors, Cutfield Freeman, to secure such comfort letters, while working in parallel to assess the possibility of securing investment or partnerships with strategic investors, or other strategic options to maximize value for Inca Pacific shareholders.
"The preparation and filing of the Feasibility Study is a major milestone for Inca Pacific, and we are working hard to ensure we have identified the best possible option for taking the Magistral Project forward before taking that significant step" said Anthony Floyd, President and CEO. "We look forward to providing a further update on these efforts."
Quelle: SEDAR.com
Interview mit A. Floyd vom 08.02.
http://www.incapacific.com/i/pdf/BNAmerica-Feb-8-08.pdf
Aktualisiertes Factsheet vom 07.02.
http://www.incapacific.com/i/pdf/FactSheet-Feb08.pdf
Inca Pacific announces that following the filing of its technical report with the Government of Peru (“GOP”) in a form designed to satisfy the requirement of a Bankable Feasibility Study, the Company is working with a number of financial institutions to provide the comfort to the GOP that the report is in a form sufficient to secure project financing. Inca Pacific is working with its advisors, Cutfield Freeman, to secure such comfort letters, while working in parallel to assess the possibility of securing investment or partnerships with strategic investors, or other strategic options to maximize value for Inca Pacific shareholders.
"The preparation and filing of the Feasibility Study is a major milestone for Inca Pacific, and we are working hard to ensure we have identified the best possible option for taking the Magistral Project forward before taking that significant step" said Anthony Floyd, President and CEO. "We look forward to providing a further update on these efforts."
Quelle: SEDAR.com
Interview mit A. Floyd vom 08.02.
http://www.incapacific.com/i/pdf/BNAmerica-Feb-8-08.pdf
Aktualisiertes Factsheet vom 07.02.
http://www.incapacific.com/i/pdf/FactSheet-Feb08.pdf
Re: News Release - Thursday, February 28, 2008
Inca Pacific Provides Corporate Update =======================================================================
Vancouver, British Columbia, February 28, 2008 - Inca Pacific Resources Inc. (TSX-V:IPR) ("Inca Pacific" or the "Company")announces that Activos Mineros, representing the Government of Peru ("GOP"),
has acknowledged receipt of a comfort letter from each of BNP Paribas and Barclays Bank stating that they have reviewed the Final Feasibility Study for the Magistral project ("FFS") that was delivered on December 27, 2007 and that, based solely on a desk top review and without independent verification of the FFS's assumptions, they confirm that it is in a form and content that meets the requirements that would allow BNP Paribas and Barclays Bank to provide all or part of the finance for the Magistral project, after conducting a satisfactory due diligence investigation and subject to market and certain other conditions.
The GOP has acknowledged that in delivering the comfort letters Inca Pacific has complied with the requirement to provide one or more letters from major financial institutions stating that the FFS is a "Bankable" Feasibility Study. In addition, the GOP provided Inca Pacific with a list of observations about the FFS. The observations are principally requests for further information or detail. Inca Pacific has 90 days to respond to the observations.
The Company further reports that on January 31, 2008 Inca Pacific received a copy of an Initial Status Report from Pincock Allen & Holt ("PAH"), independent engineers, which summarizes PAH's site visit, provides their observations on the Magistral project's technical, environmental and economic information reviewed to date and provides an initial assessment of any project fatal flaws or risks. PAH was retained in December 2007 by Cutfield Freeman & Co Limited ("Cutfield
Freeman") to act as independent engineer on behalf of potential lending institutions in connection with the possible senior debt component of project financing. In January PAH completed a site visit to the Magistral project and also commenced review of the December 2007 FFS prepared by Samuel Engineering.
In the report PAH state that their review to date has not identified any issues that would be considered "fatal flaws." There are, of course, issues that could pose a risk to the project including: permitting, environmental & social impact assessment preparation, site access roads, port facility construction, community agreements and relocation issues, low-grade ore stockpile location, closure and reclamation and overall project schedule. The Company believes that these are typical for a project at the stage of Magistral.
Anthony Floyd, President & CEO, said, "Receiving the bank comfort letters and completion of the independent fatal flaw review are two more significant steps in our development of the Magistral project. We now have 90 days to respond to the observations made by the Government of Peru and mitigate the risks outlined by PAH".
Finally, Cutfield Freeman continues to work with the Company to identify financing options and any other proposal which maximizes value to Inca Pacific shareholders.
INCA PACIFIC RESOURCES INC.
Signed: "Anthony Floyd"
President and Director
For further information contact:
Bill Galine
Investor Relations
Phone: 604-662-3922
Email: bgaline@incapacific.com
The TSX Venture Exchange and the Lima Stock Exchange (the Bolsa de Valores de Lima) have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
=======================================================================
Copyright (c) 2008 INCA PACIFIC RESOURCES INC. (IPR) All rights reserved. For more information visit our website at http://www.incapacific.com/ or send mailto:contact@incapacific.com ===============================================
Inca Pacific Provides Corporate Update =======================================================================
Vancouver, British Columbia, February 28, 2008 - Inca Pacific Resources Inc. (TSX-V:IPR) ("Inca Pacific" or the "Company")announces that Activos Mineros, representing the Government of Peru ("GOP"),
has acknowledged receipt of a comfort letter from each of BNP Paribas and Barclays Bank stating that they have reviewed the Final Feasibility Study for the Magistral project ("FFS") that was delivered on December 27, 2007 and that, based solely on a desk top review and without independent verification of the FFS's assumptions, they confirm that it is in a form and content that meets the requirements that would allow BNP Paribas and Barclays Bank to provide all or part of the finance for the Magistral project, after conducting a satisfactory due diligence investigation and subject to market and certain other conditions.
The GOP has acknowledged that in delivering the comfort letters Inca Pacific has complied with the requirement to provide one or more letters from major financial institutions stating that the FFS is a "Bankable" Feasibility Study. In addition, the GOP provided Inca Pacific with a list of observations about the FFS. The observations are principally requests for further information or detail. Inca Pacific has 90 days to respond to the observations.
The Company further reports that on January 31, 2008 Inca Pacific received a copy of an Initial Status Report from Pincock Allen & Holt ("PAH"), independent engineers, which summarizes PAH's site visit, provides their observations on the Magistral project's technical, environmental and economic information reviewed to date and provides an initial assessment of any project fatal flaws or risks. PAH was retained in December 2007 by Cutfield Freeman & Co Limited ("Cutfield
Freeman") to act as independent engineer on behalf of potential lending institutions in connection with the possible senior debt component of project financing. In January PAH completed a site visit to the Magistral project and also commenced review of the December 2007 FFS prepared by Samuel Engineering.
In the report PAH state that their review to date has not identified any issues that would be considered "fatal flaws." There are, of course, issues that could pose a risk to the project including: permitting, environmental & social impact assessment preparation, site access roads, port facility construction, community agreements and relocation issues, low-grade ore stockpile location, closure and reclamation and overall project schedule. The Company believes that these are typical for a project at the stage of Magistral.
Anthony Floyd, President & CEO, said, "Receiving the bank comfort letters and completion of the independent fatal flaw review are two more significant steps in our development of the Magistral project. We now have 90 days to respond to the observations made by the Government of Peru and mitigate the risks outlined by PAH".
Finally, Cutfield Freeman continues to work with the Company to identify financing options and any other proposal which maximizes value to Inca Pacific shareholders.
INCA PACIFIC RESOURCES INC.
Signed: "Anthony Floyd"
President and Director
For further information contact:
Bill Galine
Investor Relations
Phone: 604-662-3922
Email: bgaline@incapacific.com
The TSX Venture Exchange and the Lima Stock Exchange (the Bolsa de Valores de Lima) have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
=======================================================================
Copyright (c) 2008 INCA PACIFIC RESOURCES INC. (IPR) All rights reserved. For more information visit our website at http://www.incapacific.com/ or send mailto:contact@incapacific.com ===============================================
Inca ist drittgrösste Position im SPROTT MOLYDBENUM PARTCP CORP, nach der gestrigen Meldung.
As at December 31, 2007, the holdings of the Corporation were as follows:
Name of Security % of Total Net Assets
-------------------------------------------------------------------------
Thompson Creek Metals Company Inc. 20.67
Quadra Mining Ltd. 11.98
Inca Pacific Resources Inc. 11.24
Mercator Minerals Ltd. 8.78
General Moly, Inc. (formerly Idaho General Mines Inc.) 7.05
Roca Mines Inc. 6.05
Moly Mines Limited 1.94
Virgin Metals Inc. 1.79
Galway Resources Ltd. 1.27
TTM Resources Inc. 1.27
International PBX Ventures Ltd. 1.22
Mosquito Consolidated Gold Mines Limited 1.20
Golden Phoenix Minerals, Inc. 1.06
Erdene Gold Inc. 0.72
Torch River Resources Ltd. 0.54
Western Troy Capital Resources Inc. 0.53
Creston Moly Corporation (formerly Georgia Ventures Inc.) 0.47
Tournigan Gold Corp. 0.25
Columbia Yukon Explorations Inc. 0.11
As at December 31, 2007, the holdings of the Corporation were as follows:
Name of Security % of Total Net Assets
-------------------------------------------------------------------------
Thompson Creek Metals Company Inc. 20.67
Quadra Mining Ltd. 11.98
Inca Pacific Resources Inc. 11.24
Mercator Minerals Ltd. 8.78
General Moly, Inc. (formerly Idaho General Mines Inc.) 7.05
Roca Mines Inc. 6.05
Moly Mines Limited 1.94
Virgin Metals Inc. 1.79
Galway Resources Ltd. 1.27
TTM Resources Inc. 1.27
International PBX Ventures Ltd. 1.22
Mosquito Consolidated Gold Mines Limited 1.20
Golden Phoenix Minerals, Inc. 1.06
Erdene Gold Inc. 0.72
Torch River Resources Ltd. 0.54
Western Troy Capital Resources Inc. 0.53
Creston Moly Corporation (formerly Georgia Ventures Inc.) 0.47
Tournigan Gold Corp. 0.25
Columbia Yukon Explorations Inc. 0.11
Inca has more to do after Magistral due diligence
2008-06-23 09:29 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC REPORTS ON MAGISTRAL DUE DILIGENCE BY PINCOCK, ALLEN & HOLT
Inca Pacific Resources Inc. received a copy of a technical due diligence report on June 16, 2008, from Pincock, Allen & Holt (PAH), independent engineers, which summarizes PAH's site visit, provides its observations on the Magistral project's technical, environmental and economic information, and provides an assessment of any project fatal flaws or risks. PAH was retained in December, 2007, by Cutfield Freeman & Co. Ltd., to act as an independent engineer on behalf of potential lending institutions in connection with the possible senior debt component of project financing. Cutfield Freeman is a London-based independent advisory firm that specializes in the mining sector and has an extensive record in securing financing for mine development. In January, 2008, PAH completed a site visit to the Magistral project and completed a review of the final feasibility study (FFS) prepared by Samuel Engineering, with the assistance of other engineering/consulting groups in December, 2007.
In PAH's opinion, the FFS is a comprehensive stand-alone document and comprises a technically complete study that validates the feasibility of the project. The due diligence has not identified any issues that would be considered fatal flaws. As is usual for a project at Magistral's stage of development, a number of significant steps or issues remain to be completed or resolved. These include: permitting, environmental and social impact assessment approval, site access roads, port facility construction, community agreements and relocation issues, low-grade ore stockpile location, closure and reclamation, and overall project schedule. The environmental and social impact assessment has been submitted, and work toward obtaining the requisite permits for the project is continuing. Though there is always some uncertainty in these areas, PAH believes there should be no serious impediments to the issuance and approval. Magistral, as defined by the FFS, involves the development of a 20,000-tonne-per-day open-pit mine and concentrator operation that will produce separate copper and molybdenum concentrates over a 15-year period. Magistral is located in Peru, approximately 260 kilometres east of the city of Trujillo. Concentrates will be trucked from the mine to the port of Salaverry, near Trujillo, and then shipped to smelters and refineries overseas. Plant tailings will be impounded in tailings storage facilities located near the mining operation. The project also includes major improvements to the site access roads and construction of site support facilities, including a man camp and a 50-kilometre electrical transmission line.
The executive summary of the PAH due diligence report has been filed on SEDAR as a material document and is available for download from the Inca Pacific website.
2008-06-23 09:29 ET - News Release
Mr. Anthony Floyd reports
INCA PACIFIC REPORTS ON MAGISTRAL DUE DILIGENCE BY PINCOCK, ALLEN & HOLT
Inca Pacific Resources Inc. received a copy of a technical due diligence report on June 16, 2008, from Pincock, Allen & Holt (PAH), independent engineers, which summarizes PAH's site visit, provides its observations on the Magistral project's technical, environmental and economic information, and provides an assessment of any project fatal flaws or risks. PAH was retained in December, 2007, by Cutfield Freeman & Co. Ltd., to act as an independent engineer on behalf of potential lending institutions in connection with the possible senior debt component of project financing. Cutfield Freeman is a London-based independent advisory firm that specializes in the mining sector and has an extensive record in securing financing for mine development. In January, 2008, PAH completed a site visit to the Magistral project and completed a review of the final feasibility study (FFS) prepared by Samuel Engineering, with the assistance of other engineering/consulting groups in December, 2007.
In PAH's opinion, the FFS is a comprehensive stand-alone document and comprises a technically complete study that validates the feasibility of the project. The due diligence has not identified any issues that would be considered fatal flaws. As is usual for a project at Magistral's stage of development, a number of significant steps or issues remain to be completed or resolved. These include: permitting, environmental and social impact assessment approval, site access roads, port facility construction, community agreements and relocation issues, low-grade ore stockpile location, closure and reclamation, and overall project schedule. The environmental and social impact assessment has been submitted, and work toward obtaining the requisite permits for the project is continuing. Though there is always some uncertainty in these areas, PAH believes there should be no serious impediments to the issuance and approval. Magistral, as defined by the FFS, involves the development of a 20,000-tonne-per-day open-pit mine and concentrator operation that will produce separate copper and molybdenum concentrates over a 15-year period. Magistral is located in Peru, approximately 260 kilometres east of the city of Trujillo. Concentrates will be trucked from the mine to the port of Salaverry, near Trujillo, and then shipped to smelters and refineries overseas. Plant tailings will be impounded in tailings storage facilities located near the mining operation. The project also includes major improvements to the site access roads and construction of site support facilities, including a man camp and a 50-kilometre electrical transmission line.
The executive summary of the PAH due diligence report has been filed on SEDAR as a material document and is available for download from the Inca Pacific website.
Inca Pacific Resources Inc. ist nunmehr viertgrösste Position der Sprott Molybdenum Participation Corporation. Allerdings mit in etwa gleichgebliebenem Anteils nach dem Mercator Minerals Ltd. aufgestockt wurde:
Thompson Creek Metals Company Inc.: 21.47%
Quadra Mining Ltd.: 15.75%
Mercator Minerals Ltd.: 15.04%
Inca Pacific Resources Inc.: 11.77%
General Moly, Inc.: 6.91%
Roca Mines Inc.: 4.39%
....
Quelle:
http://www.istockanalyst.com/article/viewiStockNews+articlei…
30. Juni 2008
Thompson Creek Metals Company Inc.: 21.47%
Quadra Mining Ltd.: 15.75%
Mercator Minerals Ltd.: 15.04%
Inca Pacific Resources Inc.: 11.77%
General Moly, Inc.: 6.91%
Roca Mines Inc.: 4.39%
....
Quelle:
http://www.istockanalyst.com/article/viewiStockNews+articlei…
30. Juni 2008
außergewöhnliches Volumen heute in CAN:
09:57:13 V 0.64 -0.01 3,165,500 14 ITG 14 ITG XKL
09:57:13 V 0.64 -0.01 3,165,500 14 ITG 14 ITG XKL
Antwort auf Beitrag Nr.: 35.133.425 von omouvestor am 16.09.08 17:27:1211:29:46 V 0.63 -0.02 1,500 7 TD Sec 57 Interactive K
11:01:11 V 0.61 -0.04 5,000 62 Haywood 1 Anonymous K
10:58:32 V 0.61 -0.04 5,000 62 Haywood 1 Anonymous K
10:02:32 V 0.64 -0.01 10,000 1 Anonymous 89 Raymond James K
09:57:13 V 0.64 -0.01 200 14 ITG 14 ITG EX
09:57:13 V 0.64 -0.01 3,165,500 14 ITG 14 ITG XKL Ein Crosstrade
09:45:35 V 0.65 - 300 2 RBC 95 Wolverton E
11:01:11 V 0.61 -0.04 5,000 62 Haywood 1 Anonymous K
10:58:32 V 0.61 -0.04 5,000 62 Haywood 1 Anonymous K
10:02:32 V 0.64 -0.01 10,000 1 Anonymous 89 Raymond James K
09:57:13 V 0.64 -0.01 200 14 ITG 14 ITG EX
09:57:13 V 0.64 -0.01 3,165,500 14 ITG 14 ITG XKL Ein Crosstrade
09:45:35 V 0.65 - 300 2 RBC 95 Wolverton E
Antwort auf Beitrag Nr.: 33.511.882 von stupidgame am 29.02.08 09:30:58
Avanti Mining ist inzwischen auch noch(mindestens) dazugekommen, das scheint ziemlich interessant auszusehen, wobei ich mich momentan vor konkreteren Einschätzungen hüte(in etwa wie der Teufel vor dem Weihwasser
).
Popeye
Avanti Mining ist inzwischen auch noch(mindestens) dazugekommen, das scheint ziemlich interessant auszusehen, wobei ich mich momentan vor konkreteren Einschätzungen hüte(in etwa wie der Teufel vor dem Weihwasser
).Popeye
Antwort auf Beitrag Nr.: 35.539.273 von Popeye82 am 12.10.08 18:55:37
www.avantimining.com/s/NewsReleases.asp?ReportID=308697&_Typ…
www.avantimining.com/s/NewsReleases.asp?ReportID=314134&_Typ…
www.avantimining.com/s/NewsReleases.asp?ReportID=308697&_Typ…
www.avantimining.com/s/NewsReleases.asp?ReportID=314134&_Typ…
Sprott Molybdenum Participation Corporation Announces Intention to Distribute Substantially All Assets
TORONTO, Jan. 9 /CNW/ - (TSX: MLY, MLY.WT) - Further to its press release
of December 10, 2008, Sprott Molybdenum Participation Corporation (the
"Corporation") announces that, in view of the unfavourable outlook for the
price of molybdenum and for issuers involved in the production and sale of
molybdenum, its board of directors has determined that a distribution to
shareholders of all or substantially all of the assets of the Corporation
would be in the best interests of the Corporation and its shareholders at this
time. The details on timing and specific execution steps are currently under
consideration and will be announced at a future date.
Net asset value of the Corporation on January 7, 2009 was $1.75 per share
of which $1.51 per share was held in cash and short term securities, net of
liabilities. At this point, the Corporation does not expect to make any
additional portfolio investments or purchases of molybdenum and plans to
liquidate its existing portfolio investments in an orderly manner, subject to
market conditions.
About Sprott Molybdenum Participation Corporation
-------------------------------------------------
The Corporation is an investment holding company created with the goal of
achieving capital appreciation by investing in securities of private and
public companies that explore for, mine and/or process molybdenum and by
investing in, holding, selling and otherwise transacting in all commercial
forms of molybdenum.
For further information: please contact Investor Services at
1-888-362-7172.
http://www.newswire.ca/en/releases/archive/January2009/09/c6…
FORMER MARKET DARLING
Sprott's molybdenum fund to liquidate itself
The Sprott Molybdenum Participation Corp is to liquidate itself and distribute assets to shareholders due to huge falls in the molybdenum price.
Posted: Saturday , 10 Jan 2009
OTTAWA, (Reuters) -
Sprott Molybdenum Participation Corp (MLY.TO) said on Friday it will liquidate itself and distribute assets to shareholders in the face of plummeting prices and demand for molybdenum, a rare metal used as a steel-hardening agent.
Launched less than two years ago by Canadian resource guru Eric Sprott, the fund said its net assets were valued at C$1.75 per share on Jan. 7, of which C$1.51 per share was in cash and short-term securities.
Sprott said in December that it was considering strategic alternatives to make best use of its cash position because its shares were trading at a discount to net asset value.
The stock closed on Thursday at C$1.39 on the Toronto Stock Exchange, but jumped 13 percent to C$1.57 on Friday.
A one-time market darling, the fund purchased shares of both molybdenum miners and the physical metal.
Prices for molybdenum, which ran up sharply in 2003 and 2004, have fallen more than 50 percent since mid-September. Producer stocks have also been hammered.
Shares in Thompson Creek Metals (TCM.TO), the world's top pure producer of molybdenum, have shed about two-thirds of their value over the past 12 months.
Adanac Molybdenum Corp (AUA.TO) stock has plunged from 89 Canadian cents a year ago to 3 Canadian cents.
Sprott said it has not yet determined the timing of its distribution plan.
($1=$1.19 Canadian) (Reporting by Susan Taylor; editing by Peter Galloway)
http://mineweb.com/mineweb/view/mineweb/en/page72102?oid=764…
Sprott to unwind moly fund
Expects long slump
Peter Koven, Financial Post
Published: Saturday, January 10, 2009
Investment guru Eric Sprott is as negative as almost anyone when it comes to the global economy. And that led him to yesterday's announcement that he is unwinding his molybdenum fund.
Mr. Sprott launched the Sprott Molybdenum Participation Corp. in early 2007 to give investors a unique, publicly-traded vehicle invested exclusively in the silvery-white metal and the companies mining it.
At the time, it seemed like a good idea as the molybdenum (or moly) market was red-hot. Moly is used in high-quality steels with applications in the energy industry. That made it an ideal place for long-term energy bulls like Mr. Sprott, a big believer in the "Peak Oil" thesis.
But in early November, the wheels suddenly came off. After holding around US$33 a pound for more than a year, the moly price collapsed almost overnight to US$10 as the reality of the global recession started to kick in.
Like the moly miners themselves, the share price of the Sprott molybdenum fund took an immediate dive. By early December, it was trading way below its book value.
A more bullish investor might have decided to ride out the tough times in the hopes that the moly price and the value of the fund would eventually increase. But Mr. Sprott is not that guy.
He believes that the world economy is at the beginning of a very long and deep depression brought about by the over-leveraging of the financial system. With the deleveraging likely to go on for years, he does not think moly prices will recover anytime soon.
That all led to yesterday's announcement that the $62-million fund will be unwound, with the proceeds distributed to shareholders.
"One problem with a commodity is a very small difference between supply and demand can crush the price, or cause it to go up," Mr. Sprott said in an interview. "And obviously we've lost demand for molybdenum here, and it could be a long while before that reverses itself."
In the short-term, industry experts generally agree with Mr. Sprott that the moly price will continue to struggle.
"For the next couple of years, we're probably looking at a moly price of US$10 to US$12 a pound," said an analyst, who asked not to be named. "Eric's probably thinking, 'What's the point?'"
But there is some hope from analysts that moly could recover faster than other metals because moly-bearing steels are specifically tied to the energy sector, where there is still a lot of activity. The outlook is much weaker for steels that are widely used in the auto sector.
pkoven@nationalpost.com
http://www.financialpost.com/story.html?id=1161544
TORONTO, Jan. 9 /CNW/ - (TSX: MLY, MLY.WT) - Further to its press release
of December 10, 2008, Sprott Molybdenum Participation Corporation (the
"Corporation") announces that, in view of the unfavourable outlook for the
price of molybdenum and for issuers involved in the production and sale of
molybdenum, its board of directors has determined that a distribution to
shareholders of all or substantially all of the assets of the Corporation
would be in the best interests of the Corporation and its shareholders at this
time. The details on timing and specific execution steps are currently under
consideration and will be announced at a future date.
Net asset value of the Corporation on January 7, 2009 was $1.75 per share
of which $1.51 per share was held in cash and short term securities, net of
liabilities. At this point, the Corporation does not expect to make any
additional portfolio investments or purchases of molybdenum and plans to
liquidate its existing portfolio investments in an orderly manner, subject to
market conditions.
About Sprott Molybdenum Participation Corporation
-------------------------------------------------
The Corporation is an investment holding company created with the goal of
achieving capital appreciation by investing in securities of private and
public companies that explore for, mine and/or process molybdenum and by
investing in, holding, selling and otherwise transacting in all commercial
forms of molybdenum.
For further information: please contact Investor Services at
1-888-362-7172.
http://www.newswire.ca/en/releases/archive/January2009/09/c6…
FORMER MARKET DARLING
Sprott's molybdenum fund to liquidate itself
The Sprott Molybdenum Participation Corp is to liquidate itself and distribute assets to shareholders due to huge falls in the molybdenum price.
Posted: Saturday , 10 Jan 2009
OTTAWA, (Reuters) -
Sprott Molybdenum Participation Corp (MLY.TO) said on Friday it will liquidate itself and distribute assets to shareholders in the face of plummeting prices and demand for molybdenum, a rare metal used as a steel-hardening agent.
Launched less than two years ago by Canadian resource guru Eric Sprott, the fund said its net assets were valued at C$1.75 per share on Jan. 7, of which C$1.51 per share was in cash and short-term securities.
Sprott said in December that it was considering strategic alternatives to make best use of its cash position because its shares were trading at a discount to net asset value.
The stock closed on Thursday at C$1.39 on the Toronto Stock Exchange, but jumped 13 percent to C$1.57 on Friday.
A one-time market darling, the fund purchased shares of both molybdenum miners and the physical metal.
Prices for molybdenum, which ran up sharply in 2003 and 2004, have fallen more than 50 percent since mid-September. Producer stocks have also been hammered.
Shares in Thompson Creek Metals (TCM.TO), the world's top pure producer of molybdenum, have shed about two-thirds of their value over the past 12 months.
Adanac Molybdenum Corp (AUA.TO) stock has plunged from 89 Canadian cents a year ago to 3 Canadian cents.
Sprott said it has not yet determined the timing of its distribution plan.
($1=$1.19 Canadian) (Reporting by Susan Taylor; editing by Peter Galloway)
http://mineweb.com/mineweb/view/mineweb/en/page72102?oid=764…
Sprott to unwind moly fund
Expects long slump
Peter Koven, Financial Post
Published: Saturday, January 10, 2009
Investment guru Eric Sprott is as negative as almost anyone when it comes to the global economy. And that led him to yesterday's announcement that he is unwinding his molybdenum fund.
Mr. Sprott launched the Sprott Molybdenum Participation Corp. in early 2007 to give investors a unique, publicly-traded vehicle invested exclusively in the silvery-white metal and the companies mining it.
At the time, it seemed like a good idea as the molybdenum (or moly) market was red-hot. Moly is used in high-quality steels with applications in the energy industry. That made it an ideal place for long-term energy bulls like Mr. Sprott, a big believer in the "Peak Oil" thesis.
But in early November, the wheels suddenly came off. After holding around US$33 a pound for more than a year, the moly price collapsed almost overnight to US$10 as the reality of the global recession started to kick in.
Like the moly miners themselves, the share price of the Sprott molybdenum fund took an immediate dive. By early December, it was trading way below its book value.
A more bullish investor might have decided to ride out the tough times in the hopes that the moly price and the value of the fund would eventually increase. But Mr. Sprott is not that guy.
He believes that the world economy is at the beginning of a very long and deep depression brought about by the over-leveraging of the financial system. With the deleveraging likely to go on for years, he does not think moly prices will recover anytime soon.
That all led to yesterday's announcement that the $62-million fund will be unwound, with the proceeds distributed to shareholders.
"One problem with a commodity is a very small difference between supply and demand can crush the price, or cause it to go up," Mr. Sprott said in an interview. "And obviously we've lost demand for molybdenum here, and it could be a long while before that reverses itself."
In the short-term, industry experts generally agree with Mr. Sprott that the moly price will continue to struggle.
"For the next couple of years, we're probably looking at a moly price of US$10 to US$12 a pound," said an analyst, who asked not to be named. "Eric's probably thinking, 'What's the point?'"
But there is some hope from analysts that moly could recover faster than other metals because moly-bearing steels are specifically tied to the energy sector, where there is still a lot of activity. The outlook is much weaker for steels that are widely used in the auto sector.
pkoven@nationalpost.com
http://www.financialpost.com/story.html?id=1161544
Commodities : July 3, 2009
Metals & Mining Mailbag
[07-03-09 11:40 AM]
BNN chats with Stefan Ioannou, mining analyst, Haywood Securities.
http://watch.bnn.ca/commodities/july-2009/commodities-july-3…
Metals & Mining Mailbag
[07-03-09 11:40 AM]
BNN chats with Stefan Ioannou, mining analyst, Haywood Securities.
http://watch.bnn.ca/commodities/july-2009/commodities-july-3…
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