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[Dawnsen]

Prophecy Resource closes financing with Victory Nickel

2010-04-23 17:19 ET - News Release

Also News Release (C-NI) Victory Nickel Inc

Mr. John Lee of Prophecy reports

PROPHECY COMPLETES PRIVATE PLACEMENT WITH VICTORY NICKEL

Prophecy Resource Corp. has completed the previously announced private placement with Victory Nickel Inc. of 675,500 units at a price of 59 cents per unit for gross proceeds of $398,545. Each unit consists of one share and one-half of a warrant, with each full warrant exercisable to purchase an additional share of the company at 80 cents until April 21, 2012.

In the event that the closing price of Prophecy's common shares on the TSX Venture Exchange is at least $1.10 for 20 consecutive trading days at any time following four months from the date of closing, the company may reduce the remaining exercise period of the warrants to not less than 30 days from the date of providing notice of such reduced exercise period.

All of the shares, warrants and any shares issued upon exercise of the warrants issued pursuant to the private placement are subject to a hold period and may not be traded until Aug. 22, 2010.

This placement enabled Victory Nickel to maintain its 10-per-cent equity interest in Prophecy prior to the recent completion of the merger with Red Hill Energy, in accordance with the terms of an equity participation agreement with Victory Nickel dated Oct. 20, 2009.

[Dawnsen]

http://www.prophecyresource.com/

Watch John Lee Presents in a Packed Workshop in Cambridge Calgary 2010 Part 1

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Über Prophecy Resource Corp.
Prophecy Resource Corp. ist ein kanadisches Unternehmen mit einem diversifizierten Portfolio
an Rohstoffliegenschaften. Das Unternehmen führt derzeit eine Fusionierung durch, mit der es
in den Besitz von 43-101-konformen gemessenen und angezeigten Ressourcen im Umfang von
243 Millionen Pfund Nickel, 1 Milliarde Tonnen Kohle und 124 Millionen Pfund Kupfer sowie
abgeleiteten Ressourcen im Umfang von 500 Millionen Tonnen Kohle und 593 Millionen Pfund
Kupfer gelangen würde. Das Unternehmen besitzt außerdem Grundstücke mit umfangreichen
potenziellen Vanadium- und Titanvorkommen. Das Unternehmen bietet eine diversifizierte
Financial Leverage auf steigende Rohstoffpreise.
...

http://www.prophecyresource.com/pdf/PCY_Ger.pdf" target="_blank" rel="nofollow ugc noopener">
http://www.prophecyresource.com/pdf/PCY_Ger.pdf



Ulaan Ovoo Coal Project

Overview | Resource

Ulaan Ovoo Coal Project Overview

Highlights

* 208.8 million tonnes of Measured & Indicated coal resource (NI 43-101)
* Bituminous (5,204 kcal/kg), low ash (12.46%), low sulphur (0.40%) thermal coal suitable for export
* 20+ year mine life supported at over 6 million tonnes per year
* Single massive coal seam 45-80 m thick with an average strip ratio of 2.1:1
* First 8 years requires no washing
* Transferable 30-year mining license with a 40-year extension option
* Environmental approval and mining licenses granted by the Mongolian government
* NI 43-101 compliant Technical Report and Scoping Study prepared by Behre Dolbear (U.S.A.)
* Detailed NI 43-101 Pre-feasibility Study by Minarco-MineConsult (Australia)
* A Mongolian Technical and Economic Study by AMC Consulting is being submitted to the Mongolian government
* Over 33,000 hectares of exploration licenses in surrounding sedimentary basins with potential for additional resources

Next Steps

* To sign off-take agreemetns with internationally recognized partners
* To commission Ulaan Ovoo and start production by end of 2010



Kohleprojekte Ulaan Ovoo, Chandgana Tal und Chandgana Khavtai (RH)
Das Kohleprojekt Ulaan Ovoo befindet sich in 10 km Entfernung von der Grenze zu Russland (nördliche Mongolei) und liegt 120 km
östlich der transmongolischen Eisenbahnstrecke, die das Projekt mit den riesigen Kohlemärkten Russland und Asien verbindet. Das
Projekt beherbergt 174,5 Millionen Tonnen gemessene, 34,3 Millionen Tonnen angezeigte und 35,9 Millionen Tonnen abgeleitete
Ressourcen an Kraftwerkskohle. Diese hochwertige Kohle hat einen relativ niedrigen Asche- und Schwefelgehalt und einen Heizwert von
5,204 KCAL/KG LB und wird in der Region stark nachgefragt. Die Kohleressourcen weisen eine durchschnittliche Flözdicke von 53,9
Meter auf.

[Dawnsen]

China & Japan FY2010/11 Coal Term Price Up 47%


April 27, 2010 - Chinese miners and Japanese utilities have agreed to a 47 percent rise in the coal term price for fiscal year 2010/11 starting in April, a trading source familiar with the situation said on Tuesday.

The price for thermal coal with calorific value of 5,800 kcal/kg (NAR) will be $115.5 a tonne, free on board (FOB), up from last year's $78.50 a tonne, the source said.

The volume on the deal is yet to be confirmed but is expected to stay at a level similar to last year.

"It will be a little over 1.2 million tonnes, and expected to be settled on Friday," said the source.

In 2009, China's coal exports to Japan shrank more than half from a year earlier to 6.4 million tonnes, as demand in Japan dwindled during the global financial crisis and robust coal consumption in China made domestic prices more attractive to miners.

The term price would include China's 10-percent export tax on coal, Tex Report said.

Source: Reuters

[Dawnsen]

http://www.eastfieldresources.com/s/NewsReleases.asp?ReportI…

May 03, 2010
Eastfield Resources Announces the Return of the Zymo Copper-Gold Project

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

Vancouver, BC, May 3, 2010 - Eastfield Resources Ltd. "Eastfield" (TSX-V: ETF) has been notified that NGEx Resources Inc. (formerly Canadian Gold Hunter) has terminated its option to earn an interest in the 10,790 hectare Zymo copper-gold property 45 km by road west of Smithers, BC. Eastfield is currently planning the next program on this exciting project and expects to conduct a significant exploration program on the property this season. Eastfield has an option to earn a 100% interest, subject to an NSR, in the Zymo property from a private company.

Eastfield optioned the property in 2007 and completed a reconnaissance exploration program that same year that resulted in the discovery of a new copper-gold porphyry occurrence now named the Hobbes Zone. In 2008 an extensive exploration program of geochemical sampling, geophysical surveying, geological mapping and core drilling significantly expanded the property's potential. An IP chargeability anomaly associated with extensive rock alteration was outlined, extending for over 6.0 km (open ended) with widths of 2.0 to 3.0 km. Within this large area are four exploration targets now known as the FM (where Freeport McMoRan drilled six holes in 1999), Hobbes, RD and URC.

The Hobbes Zone is the most advanced to date and has been tested with nine drill holes. All holes intersected significant mineralization and have outlined an open ended mineralized zone that extends more than 600 m. The most westerly hole, ZY-09-16, intersected the longest interval of mineralization to date and indicates the potential for extensions to the west and south. Hole ZY-09-14 was a vertical hole drilled at the site of ZY-08-9 (72.0 m of 0.72% copper; 0.54 g/t gold) and ZY-09-10 (57.0 m of 0.43% copper; 0.32 g/t gold) and confirmed that mineralization continues to greater depths at this location where a mineralized interval of 273 m was intersected. Drill hole ZY-08-12, located 1.0 km southwest of the Hobbes Zone, intersected 99.00 m of 0.11% Cu and may indicate a significant potential for extending the zone in this direction (for more detail a table summarizing all of Eastfield's drilling results is attached and additional information including maps may be viewed on the website at www.eastfieldresources.com).

The URC target is 1.5 km west of the Hobbes Zone and is characterized by a 1.5 km long coincident copper-gold in soil anomaly. This target is beyond the end of the geophysical grid in an area with no outcrops; however, a sample of mineralized float was found in this area that returned 0.33% copper and 0.22 g/t gold. This untested target further expands the discovery potential for the property.

Eastfield is pleased to have the Zymo property returned with significant advancements and new targets and is very excited about the exploration potential of the project. Eastfield is currently developing plans for a program this season.

G.L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release

Glen Garratt, P.Geo, Director.

Eastfield Resources Ltd.

Contact:
Paul Way, Business Development Manager
[phone] or Toll Free: 888-656-6611


About Eastfield Resources:
Eastfield is a Canadian mineral exploration company focused on the discovery of gold and copper deposits; it currently has seven projects in British Columbia and one in Nevada. Current projects include an option to earn a 100% interest in the Zymo copper-gold project; a 100% interest in the Indata gold project; a 40% interest in the Okeover copper-molybdenum joint venture with 60% partner Prophecy Resource Corp. (TSX-V: PCY) and a 100% interest in the Tonopah gold project in Nevada. Projects optioned out include Crowsnest and Howell, optioned to MAX Resource Corp. (TSX-V: MXR); Kilometre 26, optioned to Oroandes Resource Corp. (TSX-V: OAR); and Iron Lake, optioned to Cobre Exploration Corp. (TSX-V: CKB-H). Eastfield trades on the TSX Venture exchange under the symbol "ETF". For more information, please visit the company's website at www.eastfieldresources.com.

[Dawnsen]

China's Coal Price Rises as Drought Cuts Stockpiles



May. 6, 2010 (Bloomberg) - Coal prices at Qinhuangdao, China's largest port for the fuel, gained the most in more than four months as demand increased amid a drought in the southwest.

Prices for coal with an energy value of 5,500 kilocalories per kilogram rose 2.8 percent to between 720 yuan ($105) and 730 yuan a metric ton as of yesterday compared with a week earlier, according to data from the China Coal Transport and Distribution Association. That's the biggest increase since Dec. 28.

China, the world's second-biggest electricity producer, is counting on its coal-fired power plants to offset a reduction in hydropower because of a dry spell in the southwest that's lasted six months. Coal inventories at Qinhuangdao have fallen 43 percent in the past two months to 4.62 million tons, according to data from Shanghai Steelhome Information.

"Hydropower capacity utilization is down because of the drought," Andrew Driscoll, an analyst at CLSA Asia-Pacific Markets, said by telephone from Hong Kong. "There has been some rainfall and some relief but generally water levels are lower than what they'd normally be."

China ended its "grade two" emergency drought response measures after rain fell in some of the hardest-hit southwestern regions, Xinhua News Agency said yesterday, citing the Office of State Flood Control and Drought Relief Headquarters. Drought conditions in most parts of Yunnan province remained "severe," it said.

Source: Bloomberg



Prophecy Resource Corp.

For further information:
John Lee - Chairman and CEO
Telephone [phone]
Email: [e-mail]
www.prophecyresource.com

"Neither The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

www.ProphecyResource.com TSX-V: PCY

[Dawnsen]

China's Transition From Net Coal Exporter To Big Importer

May. 7, 2010 (Financial Times) - A shift in demand: coal miners in Shanzi province clock off. Though China's annual output is the biggest of any nation, its fragmented industry fails to meet the country's rapidly rising needs In early 1994, the International Energy Agency released a statistic that attracted little attention but years later would transform oil markets and the global economy. China, the west's energy watchdog said at the time, had just become "a net importer of oil on an annual basis for the first time since the 1960s".

The consequences became obvious as China's voracious energy needs propelled the country towards its current ranking as the world's second-largest oil importer, behind only the US – in the process pushing crude prices to a record high of nearly $150 a barrel in 2008. Beijing, which in 1993 imported a mere 30,000 barrels a day, about as much as Ireland does now, is these days buying 5m barrels a day – or the combined production of Kuwait and Venezuela.

Commodities analysts and executives say the shift in 1993 was an example of a "China moment" – what happens when the world's most populous country moves from being an exporter to a net importer of a particular resource (or vice versa in the case of finished goods).

The impact on prices is often not immediately clear. But over time, as the country's import needs grow larger and larger, prices generally rocket. It happened with oil and other commodities including soyabeans, as demand in China proved too much for its own geological or agricultural endowments.

Now it is the turn of coal. Last year, China became a net importer of coal on an annual basis for the first time since reliable records have existed. Including both thermal coal, used to fire power plants, and coking coal, used for steelmaking, Beijing bought 104m tonnes of the commodity, compared with net exports of as much as 80m tonnes in 2003.

The shift is helping to revive the coal industry. After decades of being marginalised in the developed world, coal is being buoyed by the requirements of China and India on top of already huge imports elsewhere in Asia, including Japan, South Korea and Taiwan. The speed of the upturn in demand has surprised many and the industry is not best placed to cope. Bottlenecks in exporting countries will hamper its ability to deliver. But while those may be resolved over time, the fundamental change wrought by China and others will be with us for longer.





THE MINER'S SCALE

How coal is calibrated

As global coal imports surge, quality becomes increasingly important. Mining executives divide the market among four main varieties based on carbon and moisture content: lignite, sub-bituminous, bituminous and anthracite.

The quality of each coal deposit is determined by temperature and pressure and length of time in formation. Initially, peat is converted into lignite. Over many more millions of years, temperature and pressure produce further changes in the lignite, transforming it into sub-bituminous coals; then into bituminous; and, finally, anthracite. The mining industry has being awaiting this new "China moment" to profit from a rise in prices. In interviews, mining executives, consultants, analysts and traders say China will need to buy significant amounts of coking coal from overseas from now on and probably also thermal coal.

Marius Kloppers, chief executive at BHP Billiton, the world's largest miner, says he recalls how the company almost a decade ago sent executives to Chinese coal mines to gauge when demand there was likely to overwhelm indigenous supplies. "We have been waiting for this moment to happen," he says. "While we are not sure that 2010 will be an exact repeat of 2009, we do expect the trend towards imports in this product to continue."

The effects, on the industry but also on moves to curb carbon emissions, will be widespread.

Traded volumes on the seaborne coal market are set to reach 1bn tonnes a year about the middle of this decade, a remarkable growth from less than 50m tonnes in the early 1970s. This bodes well for miners such as Xstrata, the world's largest coal exporter, PT Bumi Resources of Indonesia, Anglo American and Rio Tinto. The battle to secure mines to supply China has already begun, with Hong Kong-based trader Noble Group fighting Peabody Energy, the US-based miner, for control of Macarthur Coal, the Australian miner. Global trading houses are also likely to benefit. Glencore, both the world's largest commodities trader and the largest coal trader, is particularly well positioned to cash in on China's needs.

Low rank LigniteAccounts for 17 per cent of global coal supplies. Used mainly to fire power plants. Crumbly in texture and ranging from dark black to shades of brown, it has the highest moisture content of the coal varieties. Carbon content

ranges from 25 to 35 per cent. Deposits tend to be relatively young. Sub-bituminous Accounts for 30 per cent of global supplies, mostly used in electricity generation and cement industries. Typically contains 35-45 per cent carbon. Generally dull, dark brown to black in colour, and soft and crumbly.

The impact on prices has already been significant, even if muted by the global economic crisis. Thermal coal in Australia, an industry benchmark, surged this year to above $100 a tonne, and miners have concluded contracts for the year 2010-11 to supply Japanese utilities at $98 a tonne, up 40 per cent from last year. In coking coal, miners and steelmakers have closed contracts for April-June at $200 a tonne, the second-highest level yet for quarterly arrangements.

Amid these promising prospects, however, a lack of investment has left the world's largest coal ports suffering from rail and ship bottlenecks. Richards Bay in South Africa and the Australian coal terminals at Dalrymple Bay, Hay Point, Gladstone and Newcastle endure constraints that force vessels to wait weeks before they are able to load their cargo. Even if the miners expand their production, the export facilities will hamper them in selling more overseas.

Yingxi Yu of Barclays Capital says the Australian coal export terminals have faced one mishap after another in recent months, "highlighting the fragility of a system stretched thin by strong demand against years of underinvestment".

For China's own part, premier Wen Jiabao said this year it would continue to import coal as needed. "Easing demand and supply strains on coal is crucial to making adjustments to the operation of the economy," he was quoted by local media as saying. Beijing appears inclined to rely more on imports in order to conserve domestic coal reserves, which are still the world's third largest after those of the US and Russia.

Hard Bituminous Accounts for 52 per cent of global supplies, split into steam coal used for power generation and cement-making; and coking coal used in steelmaking. Formed under high heat and pressure, it contains 45-86 per cent of carbon. Black to dark brown; usually includes bright bands.

Anthracite Accounts for less than one per cent of global supplies. Used, because of its low smoke properties, primarily for residential and commercial heating. The highest quality coal, with 86-97 per cent carbon content. Brittle, lustrous and black. Sources: World Coal Institute, US Department of Energy, Maryland Energy Administration

Last year's 104m tonnes of imports pale in comparison to the amount of coal China mines locally, which at about 3.3bn tonnes is the biggest annual output of any nation. Beijing's shift to net imports reflects in part a clampdown on illegal and unsafe mining, which has forced the closure of hundreds of small mines. A government-backed drive to consolidate the industry in Shanxi province, home of China's most easily accessible re serves, has also restricted production.

The consolidation drive is moving to Henan, another big producing province. Shandong and Inner Mongolia are expected to follow, in an attempt to improve efficiency. The US Department of Energy says the three biggest Chinese coal companies produce less than 15 per cent of the domestic total, adding: "China has tens of thousands of small local coal mines where inefficient management, insufficient investment, outdated equipment and poor safety records prevent the full utilisation of coal resources."

By consolidating, Beijing also wants to improve safety and environmental performance and, over time, raise output. But China is unlikely to return to self-sufficiency, many in the global industry believe. As a result, says Jogchum Brinksma at Citigroup, Beijing is "reaching further and further afield" to secure coal. "First they bought from Australia and Indonesia, and lately China is importing coal from as far as Colombia."

Yet China is not the only force driving increased demand. India's huge and rising coal needs are just as critical. In effect, "Chindia" is redescribing the industry. "Coal is the fuel of the future for Asia," says Eoghan Cunningham, chief executive of GlobalCoal, a trading platform owned by miners, traders and utilities.

Emmanuel Fages, a coal analyst at Société Générale, forecasts that India will overtake South Korea as the world's second-largest buyer before the end of the decade. The increase in demand comes as New Delhi continues to expand its coal-fired power generation capacity. According to the World Bank, 40 per cent of homes in India are still without electricity. The country's authorities see coal as a "poverty alleviation" tool to spread electricity across the country.

The growth of South Korea and Taiwan is also likely to support the market as those centres switch from crude oil. At the same time Vietnam, a medium-sized expor ter, has signalled that it might become an importer in three to five years as rapid urbanisation and industrialisation increase coal needs. Tran Xuan Hoa, general director of Vinacomin, the Vietnamese state-owned coal company, says the country might need to import 100m tonnes annually by 2020.

What of the west? The current weakness in Europe, Japan and the US is thought likely to prove a temporary consequence of recession; utilities, cement companies and steelmakers are set to buy large amounts this year, although in the longer term developed countries are moving away from coal in a bid to curb global carbon emissions. The rise in coal consumption in developing countries, particularly China and India, poses questions about this endeavour, in particular because the new coal-fired power stations will be consuming the commodity for the next 30 to 40 years.

The onus to meet the extra demand will fall on Indonesia, the world's second-largest coal exporter, which has port problems less acute than those of Australia and South Africa. Jakarta's coal industry has its own problems, particularly falling quality. But in the short term, analysts forecast strong supply growth. The ramp-up is likely to continue until at least 2015, but at the same time the country's domestic needs will increase too, reducing the exportable surplus.

Still, all the factors, from supply bottlenecks to other countries' incr eased demand, are dwarfed by the rapidly growing importance of China and to a lesser extent India. As the IEA's latest annual World Energy Outlook puts it: "China is expected to remain a dominant influence on the world coal market as it swings from being a net coal exporter into a net importer."

Not only has the agency this time recognised the significance of the "China moment"; it also adds that China and India, which in 1980 consumed just one-fifth of the world's coal output and now take about half, will be devouring two-thirds of it by 2030.

Copyright The Financial Times Limited 2010. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

Source: Financial Times

http://prophecyresource.com/news_2010_may07_ind.php

[Dawnsen]

rophecy Appoints Mark Lotz as CFO, Cliff Starke as Marketing VP, and Dr. John Morganti as Advisor, Grants options.

VANCOUVER, B.C. - May 10, 2010, : Prophecy Resource Corp. (TSX.V: PCY; OTC: PCYRF; Frankfurt: 1P2) is pleased to report the following appointments, effective immediately:

Mark Lotz, Chief Financial Officer ("CFO")

Mr. Mark Lotz is a Chartered Accountant with the Institute of Chartered Accountants of B.C. He is an experienced business leader in the Canadian financial sector, most recently he acted as both President and CEO of Gateway Securities Inc.

Mr. Lotz has sixteen years experience in senior finance and administration positions in addition to public accounting experience beginning with Coopers & Lybrand (now Pricewaterhouse Coopers). He served as Chief Financial Officer with Golden Capital Securities and as an examiner for the Vancouver Stock Exchange. His experiences with publicly traded corporations include positions with Tan Range Exploration Ltd. (now Tanzanian Royalty Exploration Corporation), Platinum Group Metals Ltd., and Derek Oil and Gas Ltd.

Cliff Starke, Vice President of Marketing:

Mr. Cliff Starke has an extensive background in sales and marketing that includes positions with both Blackmont Capital Inc. (now Macquarie Private Wealth) and Dundee Wealth Inc. of Toronto. Since 2007 Mr. Starke has brokered significant financings for a number of both public and private mining and energy companies some of which he Mr. Starke retains personal investments in.

Dr. John M. Morganti Ph.D. P.Geo, Advisor.

John Morganti is President of Morganti Advisers Inc., a company that specializes in advising mining and exploration companies on strategy, evaluation, investor relations and exploration issues that are critical to rational corporate growth. Dr. Morganti currently advises a number of exploration, development and mining companies.

Over the past 35 years Dr. Morganti has held senior positions Teck, Placer Dome and Silver King Mines, as well as David Lowell Consultants and other consulting firms. Dr. Morganti worked in both exploration management and corporate development with Teck in addition to previously being Vice President, Gold and Vice President, Evaluations with Teck. At Placer he was Exploration Manager, Canada and subsequently Vice-President International Exploration. Additionally he worked in Placer's Engineering Department on evaluations, feasibilities and construction. Dr. Morganti has been a Director of several mining companies operating in numerous jurisdictions including Canada, Australia, Peru, Spain, Russia and U.S.

Dr. Morganti is a member of the Mining Technical and Advisory and Monitoring Committee which advises the Canadian Securities Commissions on National Instrument 43-101, the policy that governs to the release of mining and exploration technical information by Canadian public companies. He has also been a past Director of the Geology Division of the CIM, Chairman of the Mineral Deposits Division of the GAC, and a Director of the PDAC. Dr. Morganti obtained his Ph.D. in Economic Geology from the University of British Columbia and is a Registered Professional Geologist in British Columbia, Canada

The company wishes to thank Paul McKenzie and Stuart Rogers who diligently served as prior CFO's before the merger on April 12, 2010. Both Mr. McKenzie and Mr. Rogers will remain directors of the Company.

Incentive Stock Options Granted

The Company has agreed, subject to regulatory approval, to grant incentive stock options to directors and consultants on 2,500,000 common shares at an exercise price of $0.67 per share for a period of five years. For more information about Prophecy, please contact Paul McKenzie at +1.604.642.2625 ext. 107 or John Lee at +1.800.851.1528

ON BEHALF OF THE BOARD OF DIRECTORS
Prophecy Resource Corp.
"JOHN LEE"
John Lee
Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Dawnsen]

Prophecy Contracts Leighton For Q3 Coal Production At Ulaan Ovoo, Mongolia

VANCOUVER, B.C. - May 11, 2010, : Prophecy Resource Corp. (TSX.V: PCY; OTC: PCYRF; Frankfurt: 1P2) announced today that it has entered into a Mine Services Agreement with Leighton Asia Limited for the infrastructure establishment, equipment leasing, and mining operation at the Ulaan Ovoo coal deposit in northern Mongolia.

Ulaan Ovoo site establishment will commence in July 2010 to ensure that the commissioning of the 250,000 tonnes starter pit will take place as planned as of August 2010 with 57,500 tonnes in the first month ramping up to 100,000 tonnes per month by December 2010. The initial equipment suite will comprise one Caterpillar 385 excavator (85 tonne bucket capacity) and three Caterpillar 773D (50 tonne) dump trucks.

Prophecy expects to incur total cash payments to Leighton of $3.8 million for this contract in 2010. Prophecy currently has over $7.5million in cash.

Leighton Asia Limited is a wholly owned subsidiary of the world’s largest contract miner, and Australia’s largest project development and contracting group, the Leighton Group. It is the operating entity for the Asia region covering Hong Kong, Macau, Indochina, Indonesia, Philippines, Guam, China and Mongolia.

Leighton Asia have been operating across Asia for 35 years in all facets of mining including mine development, operation and management, resource optimisation, mine planning, cost estimating, machine maintenance ,mine infrastructure, crushing, processing and materials handling. Its strength lies in the ability to develop competitive, innovative, practical solutions for its clients.

2011 Target Mine Plan

In the second half of 2010, Leighton will undertake further mine planning to extract 2.0 million tonnes of coal for calendar year 2011. The optimal mining equipment suite will be configured based on the 2010 starter pit experience and a detailed mine plan by Wardrop Engineering’s Preliminary Economic Assessment (PEA). Wardrop’s PEA is expected in June 2010. Amortisation of the capital outlay will be spread over a 6 year time window and included in the delivered cost per ton. It is expected that the increased production volume will cause a decrease in the total cash cost per tonne by approximately 20%.

Close of 2% Ulaan Ovoo NSR

Prophecy is also pleased to have extinguished the 2% Net Smelter Return (NSR) held by Dunview Services Limited, a private British Virgin Islands company. Prophecy paid Dunview US$130,000 in cash and 2,000,000 Prophecy shares, subject to a 4 months hold.

Ulaan Ovoo Mining License

The Mongolian government has granted the project a 30 year mining license that can be extended by an additional 40 years. The project has met Mongolian environmental approvals as per the Mongolian Ministry of Nature and the Environment which approved a Detailed Environmental Impact Assessment (DEIA) and Environmental Protection Plan (EPP). As the last step to commence mining, Prophecy filed for its Ulaan Ovoo operating permit in April including necessary license, mine plan, and environmental approvals. Prophecy is advised by its Mongolia counsel and the Minerals Resources and Petroleum Authority that current minerals licenses and operating permits are not affected by the President’s recent order to freeze exploration license grants. The company expects to obtain the permit by summer.

John Lee Chairman of Prophecy Resource Corp stated today that: "Leighton Asia is the world’s premier contract miner and we look forward to a long and fruitful partnership. We are moving at a rapid pace to commence coal production from Ulaan Ovoo this year in a responsible manner. We are also in excellent standing with the local and the national governments of Mongolia. The company is pleased to contribute to the local economy by supplying our coal to domestic coal-fired power plants and schools and hospitals in need. "

The material in this news release has been reviewed and approved by Danniel Oosterman P. Geo, a Prophecy geologist and also a Qualified Person as defined by NI 43-101. For more information about Prophecy, please contact Scott Parsons at +1.604.642.2625 ext. 106 or John Lee at +1.800.851.1528


ON BEHALF OF THE BOARD OF DIRECTORS
Prophecy Resource Corp.
"JOHN LEE"
John Lee
Chairman

About Ulaan Ovoo
Prophecy has 100% interest in the 208.8 million tonne Ulaan Ovoo project that features Bituminous (5,204 kcal/kg), low ash (12.46%), low sulphur (0.40%) thermal coal suitable for export markets. The deposit features single massive coal seam 45-80 m thick with an average strip ratio of 2:1 and requires no washing for the first 50 million tonnes of production. The project is located within 10 km of the Russian border, northern Mongolia and is 120km (75 miles) east of the Central Mongolian Railroad linking the project to the vast coal markets of Russia and Asia.


Truck Route
Click to enlarge


About Prophecy
Prophecy controls over NI-43-101 compliant Measured and Indicated mineral resources of 232 million pounds of nickel, 1 billion tonnes of coal and 116 million pounds of copper as well as inferred resources of 82 million pounds of nickel, 500 million tonnes of coal, and 593 million pounds of copper. The Company's Ulaan Ovoo Coal Project, Mongolia is expected to be in production this year. Prophecy will hold properties with significant exposure to vanadium and titanium. All Prophecy's coal assets are located in Mongolia with its remaining assets located in Canada. The Company is currently reviewing additional opportunities for growth.




Mineral resources that are not mineral reserves do not have demonstrated economic viability. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Fritz777]

Homepage von Leighton Asia
http://www.leightonasia.com/v4/

[Dawnsen]

Victory Nickel and Prophecy Agree to Reciprocal Private Placements

VANCOUVER, B.C. - May 13, 2010, : Prophecy Resource Corp. (TSX.V: PCY; OTC: PCYRF; Frankfurt: 1P2) and Victory Nickel Inc. (“Victory Nickel”) (TSX:NI, www.victorynickel.ca) have agreed to reciprocal private placements enabling Victory Nickel to maintain an approximate 9.9% equity interest in Prophecy following its recent merger with Red Hill Energy Inc., in accordance with the terms of an Equity Participation Agreement with Victory Nickel dated October 20, 2009.

Prophecy will subscribe for 36,615,385 common shares in Victory Nickel at a price of $0.104 per common share for gross proceeds of $3,808,000. In turn, Victory Nickel will subscribe for 7,000,000 Prophecy common shares at a price of $0.544 per common share for gross proceeds of $3,808,000. This transaction will result in Victory Nickel maintaining a 9.9% interest in Prophecy and Prophecy acquiring a 9.8% interest in Victory Nickel.

“Victory Nickel’s investment in Prophecy has proven to be a good one for shareholders,” said René Galipeau, Victory Nickel’s Vice-Chairman and CEO. “We like Prophecy’s vision of building a base of significant assets internationally, and this transaction allows Victory Nickel to maintain its pro-rata stake at in Prophecy while minimizing costs by eliminating the need to raise money in the market to do so.”

The proposed private placements are subject to the approval of TSX Venture Exchange in the case of Prophecy, and the TSX in the case of Victory Nickel.

For more information about Prophecy, please contact John Lee at +1.800.851.1528.
ON BEHALF OF THE BOARD OF DIRECTORS
Prophecy Resource Corp.
"JOHN LEE"
John Lee
Chairman

About Prophecy
Prophecy controls over NI-43-101 compliant Measured and Indicated mineral resources of 232 million pounds of nickel, 1 billion tonnes of coal and 116 million pounds of copper as well as inferred resources of 82 million pounds of nickel, 500 million tonnes of coal, and 593 million pounds of copper. The Company's Ulaan Ovoo Coal Project, Mongolia is expected to be in production this year. Prophecy will hold properties with significant exposure to vanadium and titanium. All Prophecy's coal assets are located in Mongolia with its remaining assets located in Canada. The Company is currently reviewing additional opportunities for growth.

About Victory Nickel
Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Québec, and by evaluating opportunities to expand its nickel asset base. Victory Nickel also owns shares in Prophecy Resource Corp. (TSX-V: PCY) and approximately 5% of Wallbridge Mining Company Limited (TSX: WM), the third largest landholder in the Sudbury Basin, which in turn owns approximately 12.9% of Duluth Metals Limited.

[Dawnsen]

10. Mai: Bericht über Prophecy Resource in Brien Lundins Gold Newsletter Alert.
Lesen Sie hier, was Brien in dieser 3. Neuauflage über Prophecy Resource berichtet.

http://www.prophecyresource.com/pdf/2010_BL_ProphecyResource…

[Dawnsen]

Itochu Targets Mongolian Coal to Expand Trade as Prices Surge
May 17, 2010, 12:37 AM EDT


May 17 (Bloomberg) -- Itochu Corp., Japan’s fourth-largest trading company, invested in Winsway Coking Coal Holdings Ltd. to secure coal from Mongolia, stepping up competition with China and Russia for the steelmaking ingredient as prices jump.

Itochu joined a group led by Hopu Investment Management Co., the $2.5 billion fund run by Goldman Sachs Group Inc. partner Fang Fenglei, in investing in Winsway with the purchase of $10 million of convertible debt last month, Ken Tezuka, manager of the company’s coking coal section, said in an interview in Tokyo. Winsway, based in the British Virgin Islands, transports coal from Mongolia to China.

China Shenhua Energy Co. and Russia’s government-run ARMZ Uranium Holding are seeking access to coal and energy assets in Mongolia, the home of some of the largest undeveloped mineral resources in the world. Itochu wants to add Mongolian assets to its operations in Australia, Indonesia and North America as prices climbed to a near record this year.

“The current levels enable Mongolian coal to sufficiently compete against coal produced in other regions,” Tezuka said May 14. “Mongolian coal wasn’t viable to export when prices were around $30 and $40” a metric ton.

Coking coal for immediate delivery traded at $1,610 yuan ($236) a ton as of April 30, according to McCloskey/Xinhua Infolink prices. That’s 18 percent more than the April quarter contract price of $200 a ton. BHP Billiton Ltd., the world’s largest exporter, won a 55 percent price increase from Japanese mills for the three months started April 1.

Itochu, which ranks behind Japanese trading companies Mitsubishi Corp., Mitsui & Co. and Sumitomo Corp. in market value, fell 3.1 percent to 781 yen at the 11 a.m. trading break on the Tokyo Stock Exchange. The stock has gained 15 percent this year.

Initial Offering

Winsway may raise as much as $800 million through an initial public offering in Hong Kong, two people familiar with the plan said this month.

Itochu invested $10 million in Winsway through bonds convertible into equity within three years, according to Tezuka. That follows the Hopu-led group’s $110 million acquisition of a 23 percent stake. The Hopu group includes Silver Grant International Industries Ltd. and state-owned China Minmetals Corp., the country’s largest metals trader.

Winsway has expanded sales recently by investing in trucks to carry coal from mines in Mongolia, including one close to the $2 billion Tavan Tolgoi coal deposit, Tezuka said.

Mongolia’s coal exports to China may climb to about 12 million tons this year from 8.5 million tons in 2009, Alexander Molyneux, the chief executive officer of SouthGobi Energy Resources Ltd., said last month.

China Sales

China bought about 4 million tons of coal in total from Mongolia in 2008 out of national production of 10 million tons, according to a March 18 statement released by Japan’s Ministry of Economy, Trade and Industry.

Itochu’s stakes in mines in Australia and Indonesia produce the equivalent of 8 million tons of coking coal a year, according to a May 11 presentation released by the company. The company plans to nearly double the level to 15 million tons by 2015. The company also trades coking coal produced in North America and Russia.

Mongolia will develop its biggest untapped uranium field in a venture with Russia. State-owned KOO MonAtom will hold at least 51 percent in a venture with ARMZ Uranium and possible partners from Japan or China, Bayarbayasgalan Tudevbazar, nuclear materials chief of Mongolia’s Nuclear Energy Agency, said last month.

[Dawnsen]

Prophecy Resource graduation to Tier 1

PROPHECY RESOURCE CORP. ("PCY")BULLETIN TYPE: Company Tier Reclassification
BULLETIN DATE: May 17, 2010TSX Venture Tier 2 Company

In accordance with Policy 2.5, the Company has the requirements for a Tier 1 company. Therefore, effective Tuesday, May 18, 2010, theCompany's Tier classification will change from Tier 2 to:
Classification
Tier 1

[Dawnsen]

Prophecy Resource Corp.

TSX VENTURE: PCY
OTC Bulletin Board: PCYRF
FRANKFURT: 1P2



May 25, 2010 09:00 ET

Prophecy Secures Rail Loading Facilities to Transport Over 1.5 Million Tonnes Per Year of Mongolian Coal to Russia & China
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2010) - Prophecy Resource Corp. (the "Company") (TSX VENTURE PCY)(OTCBB PCYRF)(FRANKFURT:1P2) reports it has signed an agreement securing the loading of and the capacity to transport 1.5 million tonnes of coal annually through Mongolia's Sukhbaatar Railroad Station (Trans-Mongolian Railway) with the option to increase capacity based on availability.

The Sukhbaatar Station is located 120km (75 miles) by road east of Prophecy's 208.8 million tonne Ulaan Ovoo coal project. The station is located only 8km south of the Russian/Mongolian Naushki border linking with the Trans-Siberian Railroad. The Trans-Mongolian and Trans-Siberian Railroads share the same track gauge and have been providing cross border Mongolian/Russian trade since 1949. The Trans-Siberian Railroad services Russia's largest coal export facilities at Vladivostok and Vanino ports at the eastern seaboard where coal is exported to the world's top coal importing nations Japan, Taiwan and South Korea. Thermal coal comparable to Ulaan Ovoo's quality currently trades between US$85-100 per tonne FOB at Vladivostok representing up to $150 million in annual coal sales based on minimum transportation capacity contracted by Prophecy.

The Trans-Mongolian Railroad connects to China's Erenhot (Erlian) port, which is 1,093 km south from Sukhbaatar and opens Ulaan Ovoo to China, the largest consumer of coal in the world. China consumed 3 billion tones of thermal coal in 2009 and plans to double its thermal coal import to 170 million tones in 2010 from last year.

On May 21, 2010, Prophecy contracted Leighton Asia Ltd. ("Leighton"), a wholly owned subsidiary of the Leighton Group, Australia, the world's largest contract miner to produce 250,000 tonnes of coal at Ulaan Ovoo in 2010, with further plans to mine 2 million tonnes of coal in 2011. Having established the mine plan and secured rail transport, Prophecy is finalizing a truck leasing agreement to provide hauling of coal from mine site to Sukhbaatar, thus rounding up the entire transportation logistics to Chinese and Russian markets.

Please visit www.prophecyresource.com for maps of Ulaan Ovoo with truck and rail links to Russia's Naushki port and further to Vladivostok port on the eastern seaboard.

About Ulaan Ovoo

Prophecy has 100% interest in the 208.8 million tonne Ulaan Ovoo project that features Bituminous (5,204 kcal/kg), low ash (12.46%), low sulphur (0.40%) thermal coal highly desired regionally. The deposit features a single massive coal seam 45-80 m thick from surface with an average strip ratio of 2:1 and requires no washing for the first 50 million tonnes of production. The Mongolian government has granted the Ulaan Ovoo project a 30 year mining license that can be extended by an additional 40 years. The project has met Mongolian environmental approvals as per the Mongolian Ministry of Nature and the Environment which approved a Detailed Environmental Impact Assessment (DEIA) and Environmental Protection Plan (EPP). As the last step to commence mining, Prophecy filed for its Ulaan Ovoo operating permit in April including necessary license, mine plan, and environmental approvals. The Company anticipates obtaining the permit by summer.

The material in this news release has been reviewed and approved by Danniel Oosterman, P.Geo., a Prophecy geologist and also a Qualified Person as defined by NI 43-101.

About Prophecy

Prophecy controls over NI 43-101 compliant Measured and Indicated mineral resources of 232 million pounds of nickel, 1 billion tonnes of coal and 116 million pounds of copper as well as inferred resources of 82 million pounds of nickel, 500 million tonnes of coal, and 593 million pounds of copper. The Company's Ulaan Ovoo Coal Project, Mongolia is expected to be in production this year. Prophecy will hold properties with significant exposure to vanadium and titanium. All Prophecy's coal assets are located in Mongolia with its remaining assets located in Canada. The Company is currently reviewing additional opportunities for growth. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Resource Corp.

John Lee, Chairman



"Neither The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

[Dawnsen]

[Dawnsen]

Prophecy Resource Corp.

TSX VENTURE: PCY
OTC Bulletin Board: PRPCF
FRANKFURT: 3P1



Jun 07, 2010 11:45 ET

Prophecy & Sojitz Corp. Sign Cooperation Agreement to Jointly Market Ulaan Ovoo Coal to China

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2010) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE PCY)(OTCBB PRPCF)(FRANKFURT:3P1) and Sojitz Corporation of Japan have entered into an exclusive agreement to jointly market thermal coal from Prophecy's 208 million tonne Ulaan Ovoo coal deposit to buyers in China. The agreement also covers Japan and Korea, provided that the Coal is sold through the Chinese land border from Mongolia.

By capitalizing on its extensive expertise in international coal trade, Sojitz Corp. and its Beijing affiliate, China (Sojitz (China) Co., Ltd., will assist Prophecy on a best efforts basis in securing letters of intent and/or offtake agreements from potential coal buyers for its thermal coal in advance of planned 2010 mining operations. Sojitz will also advise Prophecy on the best pricing parameters including volatility concerns as they applies to specific markets.

Sojitz is a widely respected international corporation involved in a multitude of businesses including but not limited to energy (coal, LNG, oil & gas), metals, chemical and functional materials and machinery. Its extensive coal operations are comprised of a trading and an investment arm, from which they draw synergies. Sojitz creates sales volume for coal from various locals including Australia, Russia, Indonesia and China. They are the leading coal importer to Japan. Additionally they focus on offshore trade, especially to China, through their Chinese coal sales subsidiary.

Mr. Lee, Chairman of Prophecy, stated today that: "The marketing agreement between ourselves and Sojitz is the result of year long cultivating discussions. Prior to entering this agreement, our Japanese partner conducted extensive due diligence including several Ulaan Ovoo site visits. This agreement symbolizes the confidence we now have in each other and speaks to the desirability of Prophecy coal in the vast and lucrative Asian marketplace."

The index for power-station thermal coal prices at Australia's Newcastle port, which is seen as a benchmark for coal prices throughout Asia, recently exceeded USD $107 per metric ton, 55% higher than a year ago. Wardrop Engineering visited Ulaan Ovoo and is developing a prefeasibility study specific to the reserves and economic sensitivities of the Ulaan Ovoo deposit. The study is expected to be released in 45 days.

On May 11, Prophecy entered into a mine services agreement with Leighton Asia Ltd. for the equipment leasing and mining operation at the Ulaan Ovoo coal deposit. Leighton Asia is a wholly owned subsidiary of the world's largest contract miner, the Leighton Group. Mine site establishment will commence in July, 2010, to ensure 250,000-tonne production in 2010, with 57,500 tonnes in August, ramping up to 100,000 tonnes per month by December, 2010. The pay-as-you-go contract mining and equipment leasing cost for 2010 is $3.7 million and Prophecy is fully funded to meet this obligation. The 2011 target is 2 million tonnes and Leighton expects to present similar contract terms on a cost-per-tonne basis after receiving the prefeasibility mine plan from Wardrop.

The Ulaan Ovoo project is located within 10 km of the Russian border, northern Mongolia and is 120km (75 miles) east of the Central Mongolian Railroad which links the project to the vast coal markets of Russia and Asia. On May 21, Prophecy secured rail loading facilities to transport over 1.5 million tonnes per year of Mongolian Coal to Russia and China. Prophecy is currently engaged in multi party discussion on off-take agreements.

The project contains 174.5 million tons Measured, 34.3 million tons Indicated and 35.9 million tons of Inferred thermal coal. The coal is of excellent low ash (<15%) and sulfur quality (<1%) at 5,204 KCAL/KG which is highly desired regionally. SGS Coal Quality by Seam Specification is available to down load at Prophecy's website. The average seam thickness of the resource is 53.9 metres with a stripping ratio of 2.0:1 on the first 140 million tons.

This news release has been reviewed and approved by Danniel Oosterman, P.Geo., a Prophecy Geologist and a Qualified Person under National Instrument 43-101.

About Prophecy

Prophecy controls over NI-43-101 compliant Measured and Indicated mineral resources of 263 million pounds of nickel, 1 billion tonnes of coal and 116 million pounds of copper as well as inferred resources of 82 millions pounds of Nickel, 500 million tonnes of coal, and 593 million pounds of copper. The Company's Ulaan Ovoo Coal Project, Mongolia is expected to be in production this year. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Prophecy also holds properties with significant exposure to vanadium and titanium. All of Prophecy's coal assets are located in Mongolia with its remaining assets located in Canada. The Company is currently reviewing additional opportunities for significant growth.

ON BEHALF OF THE BOARD OF DIRECTORS of

Prophecy Resource Corp.

"JOHN LEE"
John Lee
Chairman

[Dawnsen]

Prophecy Resource Corp and Northern Platinum Ltd. Sign Business Combination Agreement


Vancouver, British Columbia, June 15, 2010: Prophecy Resource Corp. ("Prophecy") (TSX-V PCY, OTC: PRPCF, Frankfurt: 1P2) and Northern Platinum Ltd ("Northern") (TSX-V: NTH) (the "Companies") are pleased to announce that they have entered into a binding letter of agreement (the "Agreement") for a Business Combination through a proposed all share transaction (the "Transaction").

Financial Terms of the Transaction

Pursuant to the Agreement, Prophecy will issue 0.5 common shares and 0.1 warrants for each common share of Northern Platinum held. Each whole warrant will entitle the holder to acquire one additional common share of Prophecy at an exercise price of $0.80 that will expire 18 months following the Transaction closing date. All outstanding Northern options and warrants will be exchanged for options and warrants of Prophecy as discussed below.

The offer represents approximately $0.31 per each common Share of Northern Platinum based on Prophecy’s closing share price of $0.62 as at June 14, 2010, representing a premium of 24.5% to Northern’s 90 day volume-weighted average price as of June 14, 2010.

Prophecy is also pleased to announce that it has signed a definitive agreement with Belleterre Quebec Mines Ltd, of Quebec, Canada ("Belleterre") to acquire their 50% Back-in right ("Back-in") on Northern Platinum’s Wellgreen project (currently 100% Northern with a 50% Back-in right to Belleterre). Upon the successful conclusion of the proposed Prophecy/Northern Business Combination, Prophecy agrees to pay Belleterre $4.2 million equivalent in a combination of cash and common shares of Prophecy. ($2.1 million and 3.56 million common shares of Prophecy at a deemed price of $0.59 per share). Additionally Prophecy will issue 712,000 Prophecy warrants to Belleterre. The warrants issuable to Belleterre will have an 18 month term and an exercise price of $0.80. Northern holds a right of first refusal on the Back-in.

Highlights of the Transaction

Create a mid-tier company with substantial Canadian nickel and Mongolian coal resources including anticipated near term Mongolian coal production.
Enable Northern shareholders to also participate in the growth and development of Prophecy’s Canadian nickel, copper, molybdenum and vanadium assets in addition to its substantial Mongolian coal assets.
Accelerate the development of the Wellgreen Ni-Cu-PGM deposit in Yukon, Canada.
0.50 of a Prophecy common share per Northern common share held, valuing Northern at approximately C$11 million on a fully diluted basis.
0.10 of a Prophecy warrant per Northern common share held, providing Northern shareholders with additional upside.
Provide Northern shareholders with improved trading liquidity.
Will consolidate 100% of Wellgreen property into Prophecy ownership.
Prophecy and Northern are pleased to report that certain of Northern Platinum’s shareholders, collectively holding 11 million common shares and 5 million warrants representing approximately 43% of Northern’s common shares on a fully diluted basis, have entered into lock-up agreements with Prophecy to vote in favor of the Transaction, to the extent permitted by law. Those shareholders include John Lee and G. Arnold Armstrong, who are directors of Prophecy.
John Lee, Co-Chairman and CEO of Prophecy, said, "Prophecy’s focus is open pittable Mongolian coal and Canadian nickel pgm projects. Wellgreen fits nicely into our nickel sulphide pipeline with our Lynn Lake Manitoba project leading the way and our 10% stake in Victory Nickel providing extra leverage. We are commissioning our Mongolian coal operations to production this year and the eventual goal is to become a diversified mid-tier coal and nickel producer".

Further Detail Regarding the Transaction

It is contemplated that the Transaction will be a Business Combination of Prophecy and Northern and will be completed by way of a Plan of Arrangement, structured in such a way that will result in the financial terms of the Transaction being met. The parties have agreed to complete the Transaction by September 1, 2010.

As a result of the Transaction, all existing warrants, options and other rights to acquire common shares of Northern will be exchanged for options and warrants of Prophecy such that each former Northern option and warrant will be exchanged for a Prophecy option or warrant, respectively, exercisable for that number of Prophecy shares that is equal to the number of Northern Shares that would otherwise have been issuable thereunder multiplied by 0.50 with the exercise price of such Prophecy option or warrant being adjusted to equal the exercise price of the applicable Northern option or warrant divided by 0.50.
Completion of the Transaction is conditional upon:

Northern shareholders having approved the Transaction;
receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "Exchange");
receipt of approval of the British Columbia Supreme Court, if applicable;
certain other customary conditions.
Northern has retained M Partners to act as its financial advisor in connection with the Transaction.

Prophecy’s Key Assets

The Ulaan Ovoo Coal Project (Mongolia)

The 100% owned Ulaan Ovoo project is located within 10 km of the Russian border, northern Mongolia and is 120km (75 miles) east of the Central Mongolian Railroad which links the project to the vast coal markets of Russia and Asia.

On May 11, Prophecy entered into a mine services agreement with Leighton Asia Ltd. for the equipment leasing and mining operation at the Ulaan Ovoo coal deposit. Mine site establishment will commence in July, 2010 with an anticipated 250,000-tonne production in 4th quarter 2010 and 2 million tonnes annually by 2011. The pay-as-you-go contract mining and equipment leasing cost for 2010 is $3.7 million.

The project contains 174.5 million tons Measured, 34.3 million tons Indicated and 35.9 million tons of Inferred thermal coal resources. The coal is of excellent low ash (<15%) and sulfur quality (<1%) at 5,204 KCAL/KG which is highly desired regionally. SGS Coal Quality by Seam Specification is available to down load at Prophecy’s website. The average seam thickness of the resource is 53.9 metres with a stripping ratio of 2.0:1 on the first 140 million tons. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Mongolian government has granted the Ulaan Ovoo project a 30 year mining license that can be extended by an additional 40 years.

The Chandgana Tal and Chandgana Khavtai Coal Projects (Mongolia)

The Chandgana Tal and Chandgana Khavtai coal projects are both 100% owned by Prophecy. The projects share the same Nyalga Basin coal seam and are both contiguous to Vale’s (formerly CVRD) largest Mongolian coal project. The Chandgana projects contain a combined total of 819.7 million tons Measured and Indicated and 440 million tons of Inferred thermal coal resources. (Specifically: Chandgana Tal, 141. 3 million tons Measured resources, and Chandgana Khavtgai, 188.7 Measured resources, 489.7 Indicated resources and 440 Inferred resources) Both projects have extremely low stripping ratios, 0.53:1 in the case of Chandgana Tal and 2.1:1 in the case of Chandgana Khavtgai with respective average coal seam thicknesses of 40 and 45.4 metres. Both the Chandgana’s coal qualities are of desirable low ash, low sulfur content with KCAL/KG LB averaging up to 4,358.

The Lynn Lake Nickel Project

In October 2009, Prophecy entered into an agreement to acquire a 100% interest in The Lynn Lake Nickel Project from Victory Nickel Inc. (TSX: NI). The deposit is in Manitoba, Canada, which is mining friendly and also adjacent to a power line, rail line, and airport. Lynn Lake contains Measured and indicated mineral resources of 22.9 million tons of grading, of 0.57% nickel and 0.30% copper (Wardrop Technical Report Jan, 2010). Approximately 50% of the host rock remains unexplored. An exciting Disco Zone discovery was made in 2008, which includes intercepts of 47 meters of 0.7% nickel located 1.5km away from the outlined resource. Prophecy recently completed extensive induced polarization (geophysics) programs and has initiated bulk tonnage metallurgical testing at Lynn Lake in preparation for a combination of infill and exploratory drill programs and a forthcoming feasibility study at Lynn Lake.
The information concerning the current mineral properties controlled by Prophecy, as described in this news release, has been reviewed and approved by Danniel Oosterman, P.Geo., a Prophecy Geologist and a Qualified Person under National Instrument 43-101.

Northern’s Key Assets

The Wellgreen Project

The Wellgreen property covers an area of approximately 22 square miles in the Yukon Territory, Canada. The property has easy road access, being 14 kilometres southwest of the Alaska Highway and 317 kilometres northwest of Whitehorse.

For further information, please contact John Lee at +1.800.851.1528


ON BEHALF OF THE BOARD OF DIRECTORS Prophecy Resource Corp.
"JOHN LEE"
John Lee
Chairman
Telephone [phone]
Email: [e-mail]

Northern Platinum Limited
"MEL DEQUADROS"
Mel de Quadros
President and CEO
Telephone [phone]
Email: [e-mail]





Mineral resources that are not mineral reserves do not have demonstrated economic viability. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[brocklesnar]

Antwort auf Beitrag Nr.: 39.690.006 von Dawnsen am 16.06.10 11:58:26

August 16, 2010
Prophecy Reports Measured 524.3 Mt and Indicated 545.7 Mt Coal Resources at Chandgana Khavtgai, Mongolia
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2010) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURECY)(OTCQXRPCF)(FRANKFURT:1P2) reports today that the Measured and Indicated coal mineral resources within its Chandgana Khavtgai ("Khavtgai") coal project located in east central Mongolia exceeds one billion tonnes of coal.

The resource estimate is based on information from exploration programs completed in 2007 and this year. This year's program included 13 drill holes totaling 2,250 metres of infill drilling, 8 seismic geophysical lines totaling 11.3 km, and total magnetic field mapping of 5.1 sq km. A total of 274 core samples were obtained for analysis.

The exploration program confirmed the continuation of the major coal seam (averaging 37.7 metres) at Khavtgai. Further, the exploration program has increased the confidence in the previously defined Inferred portion of the Khavtgai Project's coal resource in to Indicated and Measured mineral resources. Khavtgai is estimated to contain a Measured and Indicated coal resource of 1.070 billion tonnes of which 524.3 million tonnes (49%) is in the Measured category and 545.7 million tonnes (51%) is in the Indicated category.

The Khavtgai coal project and neighboring Chandgana Tal (Tal) coal project, both 100% owned by Prophecy, are approximately 9 km apart. Analytical results of the core samples confirm the coal has desirable thermal coal characteristics including low ash, low sulfur content and moderate heating value. The average in-place coal quality for Khavtgai has ash (air dried) 12.66, sulfur (air dried) 0.72, and gross calorific value (air dried) 4,354 kcal/kg (7,837 Btu/lb). By comparison the average in-place coal quality for Chandgana Tal has ash (air dried) 12.49, sulfur (air dried) 0.68, and gross calorific value (air dried) 4,238 kcal/kg (7,628 Btu/lb).



----------------------------------------------------------------------------
Measured Indicated Heating Value Ash Sulfur Strip Thickness
----------------------------------------------------------------------------
Khavtgai 524.3mt 545.7mt 4,354 kcal/kg 12.66% 0.72% 1.9:1 37.7 m
----------------------------------------------------------------------------
Tal 141.3mt 4,238 kcal/kg 12.49% 0.68% 0.53:1 45.4 m
----------------------------------------------------------------------------
Total 665.6mt 545.7mt
----------------------------------------------------------------------------
The combined resource estimates for the Chandgana projects total 1,211.3 million tonnes of Measured and Indicated mineral resources of thermal coal. Both projects have low stripping ratios, 0.53:1 in the case of Tal and 1.9:1 in the case of Khavtgai with respective average coal seam thicknesses of 45.4 and 37.7 metres.

The projects are adjacent to a 45kv electrical distribution line and within 150km from a 2x220kv electrical transmission line. Prophecy has received a mining license for Tal and intends to convert Khavtgai's exploration license to a mining license in 2011.

The Tal starter pit is well suited for a mine mouth power plant with extremely low strip ratio with Khavtgai to supplement mine production in later years. The projects are next to a paved road and within 160 km of the Central Mongolian Railroad, which can facilitate transport of construction equipment. The company intends to commission a mine feasibility study on Chandgana Tal and is conducting multiple site visits with power plant engineers from multinational companies. Prophecy would like to caution that discussion of power plants is preliminary and there is no assurance of project feasibility.

The updated NI 43-101 resource report incorporating the final resource estimate and coal quality information at Khavtgai will be filed within 45 days on www.sedar.com. This news release has been reviewed and approved by Christopher M. Kravits, PGeo who is a Qualified Person as defined in NI 43-101. Mr. Kravits has 34 years of US and international relevant coal geology experience. He has been active in Mongolia since 2007.

Visit our website at www.prophecyresource.com for detailed drill map.

About Prophecy

Prophecy Resource Corporation is an internationally diversified company engaged in developing energy, nickel and platinum group metals projects. The company controls over 1.4 billion tons of open-pittable thermal coal in Mongolia (839 Mt Measured, 579 Mt Indicated). In Canada Prophecy owns Lynn Lake Nickel Project, a 10% equity stake in Victory Nickel and agreed to merge with Northern Platinum (TSX-V: NTH) on June 15, 2010. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

ON BEHALF OF THE BOARD OF DIRECTORS of

Prophecy Resource Corp.

John Lee, Chairman

[Peterkles]

http://www.minenportal.de/artikel.php?sid=27803&lang=en#Prop…

Prophecy Secures $10 Million Loan to Advance Ulaan Ovoo Coal Mine, Mongolia
Prophecy Resource Corp.

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/02/10 -- Prophecy Resource Corp. ('Prophecy' or the 'Company') (TSX VENTURE: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) has arranged a secured debt facility of up to $10 million (the 'Loan') with Waterton Global Value, L.P. ('Waterton'). Subject to certain drawdown conditions, the loan may be drawn down in three tranches as follows: (a) $2 million on the closing date, which occurred as at September 1, (b) $3 million on the date Prophecy completes the acquisition of Northern Platinum Ltd. (see Prophecy news release dated July 16, 2010) and (c) $5 million at such time as Prophecy completes an off-take agreement for the Ulaan Ovoo property.


John Lee CEO and Co-Chairman of Prophecy, stated today that: 'We are pleased to have Waterton as a new stakeholder in Prophecy. The proceeds will fully fund Ulaan Ovoo's 2010 capital expenditure to production, which includes continuing road improvement, infrastructure upgrade at the mine site and at the rail station, fleet purchase, and personnel recruits. We now also have a marketing budget to increase investor and community awareness throughout Mongolia, Asia and North America.'


The Loan is due by August 31, 2011 and bears interest at 10% per annum. A structuring fee of $50,000 and 1% of the third tranche (if drawn down) is payable in cash. In conjunction with the closing of the Loan, we will issue 1,000,000 common shares to Waterton. In the event that the third tranche of the Loan is drawn, the Company shall issue a further 1,000,000 common shares to Waterton. The Shares issuable to Waterton will be subject to a four month hold period.


Macquarie Capital Markets Canada Ltd. acted as Financial Advisor to the Company with respect to the Loan.


The Loan is subject to the approval of the TSX Venture Exchange.

[Dawnsen]

Prophecy Resource Corp.

TSX VENTURE: PCY
OTCQX: PRPCF
FRANKFURT: 1P2

Oct 14, 2010 10:50 ET

Prophecy Resource Corp. Announces Mine Commission Inspection Complete at Ulaan Ovoo in Mongolia; First Coal Shipment to Power Plant in Progress


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2010) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE PCY)(OTCQX PRPCF)(FRANKFURT:1P2) announces that an official government commission appointed by the Mongolian Ministry of Mineral Resources and Energy conducted the final permit inspection at Prophecy's Ulaan Ovoo mine site on October 4, 2010.

The permit inspection is the final step required for Prophecy to commence production operations at Ulaan Ovoo. During the October 4th visit, the commission, consisting of eight officials, drew satisfactory conclusions and Prophecy was instructed by the commission to begin coal production at the mine site and advised that receipt of the mine permit is imminent.

Prophecy advises that various members of the Mongolian media have recently publicized the official commissioning of the Ulaan Ovoo mine. The Company wishes to make its shareholders aware of this situation and that it has not endorsed and will not comment further on Mongolian press reports regarding mine commissioning until Prophecy has received the final permit from the Mongolian Ministry of Mineral Resources and Energy.

At present time, Leighton and Prophecy have deployed over 50 staff at Ulaan Ovoo with a full line of mining equipment to start production at the rate of 120,000 tonnes a month. Over 2 million tonnes of waste have already been removed to expose the project's massive coal seam at surface. Prophecy is looking to become the second Canadian company after SouthGobi Resources Ltd to receive a permit to mine in Mongolia.

Contract coal shipment to local power plants and beyond

Based on positive dialogue with the Mongolian Ministry of Mineral Resources and Energy, Prophecy is pleased to provide 10,000 tonnes of coal as a trial run to power stations in Darkhan and Erdenet, Mongolia's largest cities behind its capital Ulaanbaatar. At the Ministry's request, Prophecy has commenced mining and trucked the first coal shipment to Sukhbaatar rail station, ready to be transported to Darkhan power plant by rail.

Ulaan Ovoo is 10km from the Russian border and within 120km from Nauski TransSiberian railway station, enabling transportation of coal to Russia and by extension to Russia's eastern seaports.

The technical information in this news release has been reviewed and approved by Danniel Oosterman P. Geo, a Prophecy geologist and also a Qualified Person as defined by NI 43-101.

For more information about Prophecy, please contact Scott Parsons at +1.604.642.2625 ext. 106, Paul McKenzie at +1.604.642.2625 ext. 107 or John Lee at +1.800.851.1528.

About Ulaan Ovoo

Prophecy has 100% interest in the 208.8 million tonne Ulaan Ovoo project that features Bituminous (5,204 kcal/kg), low ash (12.46%), low sulphur (0.40%) thermal coal suitable for export markets. The deposit features single massive coal seam 45-80 m thick with an average strip ratio of 2:1. The Mongolian government has granted the project a fully transferable 30 year mining license that can be extended by an additional 40 years. The project has met Mongolian environmental approvals as per the Mongolian Ministry of Nature and the Environment which approved a Detailed Environmental Impact Assessment (DEIA) and Environmental Protection Plan (EPP) specifically for Ulaan Ovoo.

About Prophecy Resource

Prophecy Resource Corporation is an internationally diversified company engaged in developing energy, nickel and platinum group metals projects. The company controls over 1.4 billion tons of open-pittable thermal coal in Mongolia (839 Mt Measured, 579 Mt Indicated). In Canada Prophecy owns Wellgreen PGM Project in Yukon, Lynn Lake Nickel Sulphide Project in Manitoba, and a 10% equity stake in Victory Nickel. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Resource Corp.

John Lee, Chairman

Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including, without limitation, statements regarding future plans and objectives of the companies are forward-looking statements that involve various risks and uncertainties. Although Northern and Prophecy believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, and other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on Northern and Prophecy and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended ("the U.S. Securities Act") or any state securities law and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

http://www.marketwire.com/press-release/Prophecy-Resource-Co…

[Dawnsen]

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&…

[Peterkles]

Ich mach das mal hier rein, damit man es nicht immer suchen muss.
Der Kurs ist schließlich der härteste Fakt.

http://de.advfn.com/p.php?pid=staticchart&s=TSX%3APCY&p=0&t=…

[Peterkles]

Antwort auf Beitrag Nr.: 40.368.643 von Peterkles am 21.10.10 19:18:23

[Dawnsen]

Antwort auf Beitrag Nr.: 40.368.656 von Peterkles am 21.10.10 19:19:09

Eröffne doch einen chartthread, wenn Du magst.

Dort können dann "rt´s" und chartanlysen der Techniker nach Belieben gepostet werden.

Ist nur ein Vorschlag.

Gruß

Dawnsen

[Mick-1-2-3]

Appropos Chart...
Ich hatte die Frage schon mal im Hauptthread gestellt:

"Kann jemand einen deutschen Realtime-Chart (FRA oder Xetra) einstellen?"

Gruß
Mick

[Dawnsen]

Prophecy makes coal a priority as it bids to generate cash flow at Ulaan Ovoo

He wears a track suit to work, is careful about what he eats, and is chief executive officer of Prophecy Resource Corp. (TSX: V.PCY, Stock Forum), a junior company with mining assets in Mongolia and Canada.

But that doesn’t mean John Lee wants to be compared with Robert Friedland, the mine financier who also got his start in Vancouver and is leading the international race to develop huge coal and copper-gold projects in Mongolia.

In an interview, Lee said it’s just “pure coincidence” that Prophecy’s key assets include two Mongolian coal projects and a nickel-rich polymetallic property in the Canadian Yukon that once belonged to former Friedland company Galactic Resources.

“It isn’t so much that Robert Friedland was there and I’m following in his footsteps’’ said Lee.

Rather, he wants to deliver on a strategy that aims to offer financial leverage to rising commodity prices through the acquisition of overlooked coal, platinum group metal and nickel assets.

Entrepreneurial itch



Lee is the 36-year-old son of a Taiwanese diplomat who went to boarding school in England and has developed a view of the world that is based on the experience of having lived in Asia, Europe and North America.

His involvement in Mongolia stems from the April merger of Red Hill Energy Inc. and Prophecy, a shell company that Lee had dusted off in order to relieve an entrepreneurial itch that couldn’t be scratched when he was running MAU Capital Management of Point Roberts, Wash.

Trading at 76 cents on Friday in a 52-week range of 99 cents and 30 cents, Prophecy has a market value of $96 million, based on the 126 million shares outstanding (160 million fully diluted).

Lee was an early investor in Red Hill which had two coal properties in Mongolia, including:

* The Ulaan Ovoo, which hosts 209 million tonnes of thermal coal and is located about 10 kilometres from the border with Russia.
* The much larger Chandgana project, which hosts about 1.2 billion tonnes of coal, but is located “in the middle of nowhere” in eastern Mongolia, according to Lee.

Ulaan Ovoo is the more advanced of the two. Having recently received permission to start production, the company is already sending coal from Ulaan Ovoo to local power plants in the Mongolian cities of Darkhan and Erdenet.

The larger goal is to ship coal through Russia and the eastern seaboard, where it will eventually be sold to buyers in Japan and Korea.

In keeping with that strategy, Prophecy is currently negotiating off take agreements with a number of Russian companies, and is waiting for final mining permits to be issued.

“We are very optimistic about obtaining an off take agreement by the end of this year,’’ Lee said.

Other projects

With a production target of between 1.2 million tonnes and 1.4 million tonnes in 2011, Lee is hoping that his company can generate about $10 million of cash flow in 2011. (That estimate is based on the off take agreement talks).

That money will be used to finance other projects in Prophecy’s portfolio, including Chandgana, where the remote location appears to be the main challenge.

“The problem with coal sitting in the middle of nowhere is that the transportation costs negate the margins that we can command when we try to get to the eastern seaboard,’’ said Lee.

Prophecy hopes to overcome this problem by applying for a licence to build a 600 megawatt power plant at the site. It also hopes to have its environmental impact assessment approved by the end of this year.

Once the coal operations are churning cash, Prophecy can turn its attention to the Canadian projects.

Justify Development

That includes exploration at the Wellgreen property in the Yukon which Prophecy acquired via a merger in September with Northern Platinum Ltd., a company whose involvement dates back to 1993, when Galactic Resources filed for bankruptcy.

While Prophecy needs to outline a large enough deposit to justify development, Lee saw the Wellgreen project as a cheap entry into the nickel and PGM sector, one that would balance any perceived political risks associated with Mongolia.

In financial documents, Prophecy said there can be no assurance that its assets will not be subject to nationalization, requisition, or confiscation by any body or authority.

It also said it can offer no assurances that provisions under Mongolian law for compensation and reimbursement of losses to investors under such circumstances would be effective in restoring the value of the company’s original investment.

Meanwhile, Prophecy has yet to structure an agreement that would give Mongolia an active stake in its coal operations. Such an agreement could have a lifespan of 20 years.

When Stockhouse visited Lee’s Vancouver office recently, he had just returned from Mongolia and was scrambling to hire the personnel that will be required to steer his company through its next stage of growth.

With the official opening ceremony at Ulaan Ovoo just weeks away, Lee is actively looking for a chief operating officer, a vice-president of exploration and vice-president, marketing.

“We have a lot of shoes to fill,’’ he said.

Aside from hiring, a key priority will be to gain a listing on the Mongolian stock exchange, a move that should allow native Mongolians to invest in his company.

“It’s our number one priority,’’ he said.

John Lee BIO

Since 2001, John Lee has been a mining analyst and accredited investor in the resource sector. In 2004 he founded Mau Capital Management and has researched hundreds of mining companies and personally met with dozens of management teams. He became President of Prophecy in 2009.


http://www.stockhouse.com/Community-News/2010/Oct/29/Movers-…

[piecesof8]

Mines and Money Hongkong 2011 22.03.--25.03.2010

unter den sponsoren : south gobi hunnu coal
unter den ausstellern: prophecy south gobi hunnu
unter den 10min presentationen : prophecy sino prosper south gobi

ein halben tag ist zum thema mongolien vorgesehen

www.minesandmoney.com

[Rokky100]

Pacific Coast Nickel Corp. Purchases Wellgreen PGM and Lynn Lake Nickel Projects From Prophecy Resource Corp.

http://www.prophecyresource.com/news_2011_jan18.php

[Karibik02]

Antwort auf Beitrag Nr.: 40.407.085 von Mick-1-2-3 am 28.10.10 13:09:46

[Karibik02]

bullvestor Newsletter:

Unbedingt Kaufen: Prophecy Resource A1CW6T

Die Zusammenfassung der wichtigsten Punkte gestern aus dem Chat:

* Positive Erwartungen für Nachfrage und Preis für Kohle
* China wurde vom Kohle Exporteur zum Kohleimporteur
* Japaner zahlen über 159 USD/t
* Prophecy ist erst die 2. Firma aus Kanada, die Eine Abbaugenehmigung bekam
* Ulaan Ovoo keine Waschungen notwendig
* Ulaan Ovoo - Abnahmeverträge News in den nächsten 30 Tagen
* Gesamtes technisches Team in der Mongolei das den Abbauprozess auf Ulaan Ovoo optimiert
* Kohle wird auf Lager produziert
* Changdana - 5. größte Kohlelagerstätte in der Mongolei
* Keine Waschungen
* Changdana Kraftwerksprojekt
* Management ist spezialisiert auf die Errichtungen von Kraftwerken
* 60-70 $ in Indonesien für diese Kohlequalität auf Changdana
* Keine Kohlexport von Changdana - Stromexport nach China
* Changdana Tal - 0,5:1 Strip Ratio - leicht in Betrieb zu nehmen
* Umweltgenehmigung vorhanden
* 600 MW - 150 Mio. - 250 Mio. Reingewinn
* Ausbau bis 10.000 MW möglich
* 10 Milliardenprojekt
* Payback 2-3 Jahre für das 600 MW Projekt
* Projektkosten 300 - 400 Mio. für das 600 MW Projekt
* 100 Mio. über Kapitalerhöhung geplant
* Der Markt bewertet Prophecy noch nicht als einen Produzenten
* Asiastische Investoren verstehen Kohle mehr als andere Investoren
* Mit dem Analysten Coverage wird eine fairere Bewertung kommen - 10 USD
* 300 Mio. Kapitalaufnahme für heuer geplant für das Kraftwerksprojekt - 100 Mio. über Aktien
* Keine große Verwässerung
* Nickel Projekte wurden erworben als die Metallpreise sehr niedrig waren
* Wellgreen Nickel PGM kann ein Monster werden
* Wellgreen wird viele Leute überraschen
* Keine Ergebnisse von hier bis Mitte Mail weil man in der Spinnoff Situation ist.
* Lynn Lake wurde seinerzeit um 40 Mio. verkauft und Prophecy hat es um 4 Mio. erworben.
* Große Gewinnungsraten
* Payback Zeit 3 Jahre
* Nickel über 15 USD und Lynn Lake ist hoch profitabel
* Prophecy Nickel wird eine der größten Nickelgesellschaften in Kanada werden. Es gibt nur 3-5 Nickelsulphid Stories an der TSX.
* Der Nickelpreis hat sich seit der Übernahme von Lynn Lake verdreifacht
* Trennung gut weil es für Investoren leichter ist zu investieren - Kohle Investoren in die Kohle Firma...
* Für 1 Prophecy Kohle Aktie wird es eine Prophecy Nickel Aktie geben.
* Pacific Coast Nickel (Prophecy Nickel) wird ende Februar Anfang Mrz wieder handeln.
* Mitte Mai wird der Spinnoff durchgeführt Aktionäre müssen zustimmen.
* In den nächsten 2-4 Wochen neue Manager für die Kohleprojekte!

Ihre Entscheidung - Ich würde jetzt kaufen, wenn ich nicht schon welche hätte!

[Karibik02]

WEB-Konferenz vom 21.02.2011 mit Jon Lee CEO Prophecy Resource Corp.

mit und von bullVestor:

http://bullve.st/59

In den ersten Min. gibts Probleme mit dem Ton, die aber nach ein paar Min behoben sind!


[/img]

[Karibik02]

News:

Press Release Source: Prophecy Resource Corp. On Friday February 18, 2011, 8:30 am EST
Prophecy Achieves Over 95% Nickel Recovery in Preliminary Results From Lynn Lake Bioleach Study by Mintek


http://finance.yahoo.com/news/Prophecy-Achieves-Over-95-iw-1…

[Karibik02]

News:

Press Release Source: Prophecy Resource Corp. and Pacific Coast Nickel Corp. On Tuesday March 1, 2011, 9:55 pm EST
Pacific Coast Nickel Resumes Trading 9:30am March 2


http://finance.yahoo.com/news/Pacific-Coast-Nickel-Resumes-i…

[Karibik02]

News:

Press Release Source: Prophecy Resource Corp. On Wednesday March 2, 2011, 9:00 am EST
Prophecy Appoints Key Management Personnel


http://finance.yahoo.com/news/Prophecy-Appoints-Key-ccn-8230…

[Karibik02]

News:

Press Release Source: Prophecy Resource Corp. On Friday March 11, 2011, 6:21 pm EST
Prophecy Makes Strategic Investment in Compliance Energy Corporation


http://finance.yahoo.com/news/Prophecy-Makes-Strategic-iw-41…


Interessanter Chart von Compliance Energy CEC.V

[Karibik02]

!

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