Mercator Minerals - sehr gute Chance mit Kupfer-Molybdenum - 500 Beiträge pro Seite

[Art Bechstein]

Hai,

heute mal ein Premiere derart, dass Statistix und Art sich gemeinsam überlegt haben, einen Thread zu eröffnen, weil wir quasi zeitgleich auf einen interessanten Minenwert gestoßen sind, den wir Euch in diesem Thread gerne näher bringen würden – es handelt sich um Mercator Minerals (ML.TO), die nur in Kanada (Toronto) und in den Pinksheets USA gelistet ist.

Wir wollen mal den Informationsteil etwas anders beginnen als sonst. Vor wenigen Tagen erschien bei Mineweb ein Artikel über eine Rede des Präsidenten von Falconbridge, in der er sich mit den Perspektiven des Minensektors (speziell Kupfer) in Bezug auf Neuprojekte äußerte. Seine Theorie ist, dass sich der Kupfermarkt insbesondere aufgrund hoher Markteintrittsbarrieren weiter konzentrieren wird schon heute produzieren weltweit nur 9 Gesellschaften über 50% des weltweit abgebauten Kupfers. Besonders die immer stärker steigenden Vorlaufzeiten und Vorlaufkosten, die er mit 10 Jahren und einem Kostenrahmen bis zu 200 Mio.US$ ohne Minenbau bezifferte, führen dazu, dass viele Entdeckungen heute gar nicht mehr in produzierende Minen umgesetzt werden. Er nannte als beeindruckende Zahl 25 Kupfervorkommen, die zwischen 1992 und 2003 entdeckt wurden, von denen nur ca. 10% realisiert wurden/werden. Z.T. liegt das auch daran, dass es kein ausreichend qualifiziertes Personal mehr gibt, aber auch an den gestiegenen Risiken aufgrund schwankender Rohstoffpreise, höheren Anforderungen der Kommunen und Regierungen vor Ort und den insgesamt fallenden Metallgehalten der größeren Projekte.

Das ist insofern interessant, als es auf dem Kurszettel immer mehr atemberaubende Stories gibt, die geradezu märchenhafte Gestalt annehmen, wenn man die Projekte auf dem Papier betrachtet. Aber wie sich schon beim Internethype 1999ff gezeigt hat, werden es auch hier die ganz überwiegende Zahl der Unternehmen nie zu einem Projekt bringen und in einigen Jahren als Mantel auf dem Börsenfriedhof enden. Positiv ausgedrückt heißt das aber, dass man sich als Investor (nicht als Zocker) viel stärker darauf konzentrieren muß, die Eintritts-/ Umsetzungswahrscheinlichkeit eines Projektes zu beurteilen. Leider ist es jedoch so, dass die meisten Gesellschaften nach Sicherstellung der Umsetzung oft schon stark im Preis gestiegen sind, weil das Investitionsrisiko deutlich abgenommen hat.

Eine Gesellschaft, die zwar schon die Umsetzung sichergestellt hat, jedoch erst gerade vom Markt entdeckt wird und demzufolge noch nicht stark gestiegen ist, möchten wir heute vorstellen.

Das Projekt

MERCATOR Minerals ist zwar in Kanada notiert, sitzt aber in Kingman, Arizona, gleich neben der Mineral Park Mine, die bereits aktuell mit einem Output von 11-15m lb Kupfer p.a. von Mercator betrieben wird und der Gesellschaft zu 100% gehört.

Z.Zt. sind 45,137,675 Aktien ausgegeben, was bei einem Kurs von 1,38 C$ einer Cap von 62,3 Mio.C$ (44,5Mio Euro) entspricht. Es sind weiterhin 19,8 Mio. warrants und stock options ausstehend, die bei Ausübung ca. 15,2 Mio C$ überwiegend in 2006 in die Kasse bringen würden.

Für diese Bewertung erhält der Investor eine Gesellschaft, die erst vor wenigen Wochen ein Resourcenupdate nach Instrument 43-101 herausgab und nun insgesamt über

1,56 Mrd. lb Kupfer
488 Mio. lb Molybdenum
46 Mio. Oz Silber

in verschiedenen Kategorien (Reserves, Resoucres) verfügt.

Das Ganze bei einem Cut-Off von 0,3% Kupfer und einer strip ratio von sensationell niedrigen 0,3-0,4:1.


Status des Projektes

Mercator erwartet in 1-2 Monaten (also noch in Q12006) das Ergebnis der bankable feasibility study (BFS), welche auf Grundlage der o.g. Resourcenschätzung gerade verfasst wird, um die Fremdfinanzierung des Projektausbaus zu sichern. Mercator geht davon aus, die Produktion wie folgt auszudehnen:

PHASE 1: Produktion von 11m lb Kupfer (bis Ende 2005/Anfang 2006) - abgeschlossen
PHASE 2: Produktion von 15m lb Kupfer (ab Anfang 2006) Eintritt erfolgt gerade
PHASE 3: Produktion von 30m lb Kupfer (ab Anfang 2007)
PHASE 4: Produktion von 60-70m lb Kupfer und 8-11m lb Molybdenum und 300 Oz Silber (ab Mitte/Ende 2007)

Für 2006 wird Mercator also ca. 13-15m lb Kupfer produzieren und bei Kosten von ca. 1,05USD/lb einen Gewinn von 10-12m C$ erreichen und einen darüber CF von ca. 15m C$.

Die Projektfinanzierung soll sowohl aus dem laufenden Cash-Flow, dem Umtausch der Warrants, einer Fremdfinanzierung und – wenn nötig – Vorwärtsverkäufen des produzierten Kupfers erfolgen. Die Ausgabe von Aktien wird dabei voraussichtlich nicht nötig sein. Die Betriebserlaubnis liegt vor und Mercator wird zusätzlich eine neue Mühle bauen, wodurch sich die Kosten pro lb Kupfer auf 0,8US$ reduzieren sollen.

Wir können mal die Produktionsergebnisse für 2008 durchspielen:

Molybdenum liegt pro lb bei 22 US$/lb – sagen wir mal 30% Abschlag = 17 US$/lb und 9m lb, p.a. wären das 176m C$ Erlös p.a. durch das Moly. Kupfer 60m lb x (2,25US$/lb – 30%) = 109m C$ p.a. und Silber mit 10 US$ oz x 300.000oz = 3,5m C$ p.a.. Erlöse insgesamt bei 288,5m C$ - bei üblicher Kostenquote liegen wir bei 150m C$ vor Steuern und bei 30% Tax bei 105m C$ NPAT. Das wäre ein 2008er KGV von 0,62 auf fully diluted basis.

Auch wenn bei Minenprojekten immer was Unvorhergesehenes passieren kann, zeigen diese Zahlen, wie groß das Gewinnpotential von Mercator ist. Schon in Phase 2 fällt aufgrund des stabil hohen Kupferpreises ein Gewinn von über 10m C$ an (KGV 5), der sich bei Einsatz der neuen Mühle und einer Verdopplung der Produktion auf gut 25m C$ in 2007 verdoppeln könnte.

Wichtig ist jedoch, dass die Mine bereits im Betrieb ist und die BFS lediglich dazu dient, den Banken eine Risikoeinschätzung (Zins-/Konditionenfestlegung) für die Erweiterung der Mine zu ermöglichen. Ist die Mine dann im Vollbetrieb, hat sie sehr stabile Cash-Flows, weswegen in Kanada offensichtlich bereits über die Möglichkeit spekuliert wird, die Gesellschaft nach erfolgreichem Vollbetrieb in einen Trust umzuwandeln, welche oft 90% und mehr des Cash-Flows an die Anleger ausschütten (übrigens eine gute Anlagemöglichkeit für Rentner diese Trusts – Arti hat selber einen..).

weitere Infos

Die Mine


Homepage http://www.mercatorminerals.com


Hier haben wir den Link zu einer aktuellen Studie reingestellt, die jedoch von viel zu niedrigen Kupferpreisen ausgeht:

http://www.jenningscapital.com/pdfs/ML12142005JuniorCopperP…


Dann hier noch der aktuelle Chart:





und die charttechnische Bewertung

http://www.stockta.com/cgi-bin/analysis.pl?symb=ML.C&num1=1&…


Wir würden uns über eine rege Diskussion freuen und bitte keine Aumega, Norsemont oder sonstigen-Pushies hier im Thread.

Statistix und Art

[RAINBOWSIX]

Jan 23/06 Jan 11/06 Surratt, Michael L. 50 - Grant of options Options 500,000 $1.000

Jan 23/06 Jan 19/06 Lindeman, Michael D. 51 - Exercise of options Common Shares 86,301

Jan 23/06 Jan 19/06 Lindeman, Michael D. 51 - Exercise of options Options -100,000 $0.150

Jan 23/06 Jan 11/06 LeBlanc, Marc 50 - Grant of options Options 150,000 $1.000

Jan 23/06 Jan 11/06 Lee, Raymond R. 50 - Grant of options Options 240,000 $1.000

Jan 13/06 Jan 04/06 Quinn, Robert Joseph 50 - Grant of options Options 200,000 $1.000

Jan 13/06 Jan 04/06 Vankoughnett, Ronald Earl 50 - Grant of options Options 100,000 $1.000

Jan 13/06 Jan 04/06 Thomas, Gavin 50 - Grant of options Options 100,000 $1.000

Jan 13/06 Jan 04/06 Lindeman, Michael D. 50 - Grant of options Options 100,000 $1.000

Jan 06/06 Jan 04/06 Surratt, Michael L. 51 - Exercise of options Common Shares 423,234



danke...kannte ich noch nicht...die letzten insider geschäfte schauen gut aus!
werd mich mal einlesen...schönes we!

[Stammzelle]

Hi, das Teil scheint nicht schlecht zu sein. Habe aber Mal eine grundsätzliche Frage zu Werten, die nicht in Deutschland handelbar sind.
Sind die Papiere, die keine WKN "besitzen", hier dennoch problemlos handelbar? Habe diesbezüglich gar keine Erfahrungen.
Bin Kunde der DAB - kann ich über die DAB Orders für Toronto pp. eingeben, ohne eine WKN zur Verfügung zu haben? Wie verfahren andere Banken?
Oder funktioniert es - wenn überhaupt - nur über Telefon?

Weitere Frage: Ist es (nicht nur für solche Fälle) nicht besser, eine Depot in den USA oder Kanada zu eröffnen?

Wäre um eine Antwort dankbar.

Gruß, Stammzelle.

[Boersenkrieger]

[Art Bechstein]

[posting]19.927.671 von Stammzelle am 28.01.06 17:10:36[/posting]Stammzelle.

da ML in Toronto gelistet ist, sollte das über DAB und comdirect gehen mit dem Handel, zumindest via Telefon (würde dann immer "keine Teile" bzw. "fill oder kill" machen, da Du sonst teure Teilausführungen haben könntest). Besser ist jedoch ein Depot bei Internaxx.lu oder Interactiveborkers.de bzw. wenn deutschsprachig gewünscht über agora-direct.de zu eröffnen. Bei Internaxx kostet die 5000 Euro Order Kanada ca. 24 Euro pauschal mit Teilausführungen über bis zu 30 Tage. Bei Interactive kosten 5000 Euro dagegen nur 10 Euro tuto completo bei Agora 15 Euro.

Art

[Stammzelle]

@ Art

Danke für deine schnelle Antwort bzw. Hilfestellung.

Stammzelle.

[Statistix]

Hey Art - Super Zusammenstellung. Ich glaube so gut hätte ich das nicht rübergebracht. Dem kann ich kaum etwas hinzufügen, als long and strong ML!.

P.S. Wer nicht Kanada sondern nur USA handeln kann kanns auch mit dem Pinkie an der OTC versuchen. Symbol: MLKKF.PK

[kutowski]

@ art

Wie ist Deine Einschätzung zum Kursverlauf im Moment.
Fahnenstange und warten, oder gleich einsteigen?

kutowski

[Art Bechstein]

Kutowski,

könnte beides sein; deswegen Ankerposition und Nachkauf, entweder bei Bestätigung des Aufwärtstrends oder knapp über 1 C$, wo sich eine Unterstützung gebildet haben dürfte. Angebegemäß (Mitteilung von ML) soll sich im Januar ein neuer Micro-Cap Fonds Positionen aufbauen. Das könnte sicherlich den Uptrend verstärken und neue Sentiment-Investoren anlocken. Mit einem kleinen Rücksetzer sollte man aber immer rechnen, v.a. wenn die Rohstoffnotierungen nachgeben - das wird gerne zum Anlass genommen....

Art

[kutowski]

Art

bin wohl heute zum Höchstkurs wie viele andere auch mit dem ersten Teilbetrag eingestiegen. Mal sehen wie´s weitergeht.

Was mich noch interessiert ist, ob es ausser bei

http://www.tsx.com/TSXVenture/TSXVentureHttpController?GetPa…

weitere aktuellere Möglichkeiten gib, die Shortpositionen abzufragen.

Kutowski

[Statistix]

Der Markt ist auch hier noch in der "show me" stage. show me that you got your costs under control!
Die kann, wie ich bei DEZ gelernt habe wirklich bis zur Veröffentlichung des ersten guten Geschäftsjahres dauern. Das wäre hier ca. März 07 also über ein Jahr. Es kann aber auch sehr viel schneller gehen.
Wer von stabilen Kupferpreisen ausgeht und 1 Jahr Zeit mitbringt wird sich kaum ärgern zu "höchstkursen" gekauft zu haben denke ich.

[XIO]

[posting]19.957.133 von Art Bechstein am 30.01.06 13:08:21[/posting]Apropos INCO / Falconbridge,

wie gestaltet sich die Beziehung zu diesem weltgrössten Produzenten,, gibt es da Berührungspunkte?
Wer sind die Abnehmer von ;ercator?

Was sagst Du zu der angedachten Fusion zw. Inco & Falconbridge, ist da schon alles in Sack und Tüten, steht ja schon ne Weile auf der HP.

http://www.inco.com/newinco/en/

[Startrader69]

Mercator reports record 4th quarter revenue and production at its Mineral Park Mine
Tuesday January 31, 8:30 am ET


TRADING SYMBOL: TSX - ML
KINGMAN, AZ, Jan. 31 /CNW/ - Mercator Minerals Ltd. (the "Company") (TSX: ML - News), Michael L. Surratt, President and CEO, is pleased to report Mercator`s wholly owned Mineral Park Mine recorded its best production quarter since the purchase of the mine in 2003:

- Production for the 4th quarter 2005 was 2.1 million pounds of
copper, an increase of 43% over the previous quarter,
- Net operating income at the Mineral Park Mine (unaudited) was
US$1.78 million, an increase of 466% from the third quarter
- Mine revenues (unaudited) for the 4th quarter 2005, increased 66%
from the previous quarter to $4.4 million;
- Average cash cost for the quarter fell to $1.12 per lb, a drop of
$0.30 per lb. from the third quarter;
- Ore production from the pit was 686,300 tons at an average grade of
0.34% copper compared to third quarter production of 676,500 tons at
0.40% copper.


"The end of 2005 and the beginning of 2006 mark the transition to higher sustained production levels," said Mike Surratt, President & CEO of Mercator Minerals. "We are already seeing some of the impacts flow through to the bottom line, with increasing production and falling costs. This trend should continue as we complete the ramp up of the SX/EW copper operations," he said. "In the meantime, we continue to advance the feasibility study for the next major increase in production from our Mineral Park Mine."
Fourth Quarter

During the fourth quarter, mine production was somewhat lower than anticipated due to a 10-day break down of the main ore loading unit in November. A second loader was purchased and delivered in December 2005 to provide backup for the main loading unit. This back-up unit was fully operational at the start January, ensuring that mining operations can meet production objectives. In addition, the rectifier needed for the Phase 2 expansion to 15 million lbs per year was received in January. Installation has commenced and is expected to be complete by the end of February.

Operating costs are anticipated to continue to decrease as the mine reaches sustained production capacity and the expansion of the SX/EW plant is completed.

Phase 4 Feasibility Study

Feasibility work on the Phase 4 pilot-scale flotation test work commenced in mid-January with METCON Research. A 500kg (1,000lb) sample of ore was milled and recovered to a rougher concentrate. Preliminary assay results confirm continuity of recovery levels as compared to earlier bench scale test work, which obtained recoveries of 89% for copper, and 92% for molybdenum on a sample representing the major ore type at Mineral Park. Copper concentrate cleaning and molybdenum separation and production of a final concentrate is scheduled for early February to demonstrate final recovery and grade parameters for the process. The feasibility study for the Phase 4 expansion is scheduled for completion in the first half of 2006 and will evaluate the opportunity of resuming production of copper and molybdenum concentrates from Mineral Park using the 30,000 tpd mill purchased in 2005.

Jim Tompkins, P.Eng., the Company`s Mine Manager, a Qualified Person as defined by NI43-101, supervised the preparation of and verified the technical information contained in this release.

Mercator Minerals Ltd.

Mercator Minerals is an unhedged copper producer that owns and operates the Mineral Park SX/EW Copper Mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper- molybdenum deposit. The Phase 3 expansion is being evaluated in conjunction with the feasibility study for a Phase 4 expansion to 50 plus million pounds of copper production plus moly production. This could be achieved by resuming production of copper and molybdenum concentrates from the substantial resources at Mineral Park using the recently purchased 20-30,000 ton per day process plant, as detailed in a news release dated July 20, 2005.

[Warren7]

Von der Chartseite her könnte es jetzt mal wieder drehen

[Art Bechstein]

[posting]20.310.189 von Warren7 am 21.02.06 17:27:41[/posting]Fundamental auch; es ist eine Schande, dass ein Explorer wie Blue Pearl mit nur der Hälfte an Molybdän-Resourcen, ohne BFS, ohne Produktion mehr als dreimal so teuer ist wie ein Produzent, der erhebliche Kupferabbaumengen zusätzlich hat. Auch Adanac (AUA) ist höher bewertet als Mercator. Es ist einfach nur traurig...

Art

[Statistix]

Hier heißts einfach Geduld bewahren. Genauso wie man bei CEK.TO auch Geduld gebraucht hat. Das wird schon.

[Statistix]

geht doch muß nur noch ein bisserl mehr Volumen rein.

[Art Bechstein]

http://biz.yahoo.com/cnw/060303/mercator_mineexpnsion.html?.…

Mercator Completes Phase 2 Expansion of Mineral Park Copper Mine
Friday March 3, 8:30 am ET


CDN$1.34 Million Gross Proceeds Received through Exercise of Warrants
TRADING SYMBOL: TSX - ML
KINGMAN, AZ, March 3 /CNW/ - Mercator Minerals Ltd. (TSX: ML - News) is pleased to announce that the rectifier for the Phase 2 expansion of the Mineral Park SX/EW Copper Mine was installed on time and under budget. The electrowinning plant is now capable of producing 15 million pounds of cathode copper per year, a 25% increase in copper production capacity.

"The exercise of Cdn$1.34 million in warrants over the last ten months provided necessary financing for the purchase of additional equipment and the rectifier at the Mineral Park SX/EW Copper Mine," said Mike Surratt, President & CEO of Mercator Minerals. "Through these capital expenditures, we have completed the Phase 2 expansion of copper production at Mineral Park to an annualized production rate of 15 million pounds of copper per year and are now focused on the next ramp up in production levels."

Plant Expansion

The rectifier installation was completed on March 1, 2006 approximately one month ahead of schedule and under budget. The rectifier increases the electrowinning plant capacity to 15,000 amps from the previous 9,000 amps and permits increased production of copper cathodes. The old rectifiers have been left in position for back up.

Warrant Exercise

The Company also reports that all but 5,000 of the 2,449,300 share purchase warrants issued in connection with the financing completed in February 2004 have been exercised at a price of Cdn$0.55 per share for gross proceeds of Cdn$1.34 million. The share purchase warrants were due to be exercised or expire on February 23, 2006.

Mercator Minerals Ltd.

Mercator Minerals is an unhedged copper producer that owns and operates the Mineral Park SX/EW Copper Mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. The Phase 3 expansion is being evaluated in conjunction with the feasibility study for a Phase 4 expansion to 50 plus million pounds of copper production plus moly production. This could be achieved by resuming production of copper and molybdenum concentrates from the substantial resources at Mineral Park using the recently purchased 20-30,000 ton per day process plant, as detailed in a news release dated July 20, 2005.

[Art Bechstein]

erstmal ein Update von Jennings zu den Metallpreis-Forecasts inkl. Kurszielbestätigung von 2,50C$ für ML

http://www.jenningscapital.com/pdfs/BaseMetalsSectorUpdate02…


Des weiteren ein Vergleich zwischen der Mineral Park Mine (Mercator) und der Sierrita Mine von Phelps Dodge.
Vorher gab es an selber Stelle schon einen Erstbericht, der dann ungedatet wurde.

Quelle Erstbericht:

http://www.valueinvestorsclub.com/value2/guests/view-thread.…

Quelle Update des Minenvergleiches:

http://www.valueinvestorsclub.com/value2/guests/view-thread.…

und die Interpretation aus dem BB:

“The cost of producing 70MM lbs of copper and 10MM lbs of moly: So assuming one can get comfortable with the production, how can one get comfortable with the operating expense (opex) range of $65MM to $85MM? There are two ways. One, Duval Corp operated a similar 12,000 tons per day mill on the ML property for 17 years. ML has all the operating data of that mill and thus knows the input quantities (kilowatts, grinding balls, etc.) required to run it. This data allows them to adjust the old cost of running the Duval mill to the cost of running the newly acquired mill using today’s input prices and adjusting for differences between the mills. The old mine ran at a cost of $3.75/ton and I estimate the new mine will run at between $4.50-6.00/ton, with a more likely range of $5.00-5.50/ton.

“At 35,000 tons/day, the mill would process 12.8m tons/year. At a cost of $5.25/ton, the annual cash opex would be $67MM. The $75MM opex, which was assumed in calculating FCF above, implies a $6/ton operating cost. Cost of $6/ton is probably too high because other similar yet higher-cost mills, such as Phelps Dodge’s Sierrata, which has published cost reports, are running at $5.50/ton. Sierrata is a higher cost mill because of its 1:1 strip ratio, whereas Mineral Park has a 0.3:1 strip ratio. The strip ratio indicates how many tons of waste need to be stripped away to get one ton of ore. In other words, Sierrata needs to move 3 times as much tons of waste per ton of ore. Hence Sierrata’s mine cost/ton of ore is $1.75, while ML’s will be near $0.65 at 70MM lbs production. Therefore, one would expect that ML’s mill would average a mine cost $1.10 lower than Sierrata’s mill, implying $4.40/ton mining cost. So though I estimate cost of $5.00-5.50/ton, the comparable mine analysis suggests this estimate is $0.60-$1.10/ton too high.

“Why is ML’s strip ratio so low versus Sierrata? The answer is that the old 12,000 tons/day mill that produced Cu, moly, and silver in concentrate from 1963 to 1980, stripped the original leach cap off the deposit, thus reducing the future strip ratio and increasing profitability of mining the property. A lower strip ratio means less waste needs to be removed per ton of ore.“

► Along with the apparent 5,000` depth of the moly, one of the most unappreciated aspects to ML is its incredibly low strip ratio. Imagine, that low strip ratio is the product of 17 years of work on the property with heavy machinery. The cost of duplicating that work in today’s dollars would be incredible!

[Warren7]

heute neues 3 Jahreshoch?

Volumen allerdings sehr nieder

[Statistix]

is ja sehr ruhig hier. Ist aber ein gutes Zeichen, immer wenns dann so laut ist und alle in Feierlaune sind nehme ich gewinne mit.
ML ist immer noch günstig!

[Statistix]

fein fein Wie immer ist es sooo still wenn alle genießen.

[Art Bechstein]

@ Stat

ich bin ehrlich gesagt etwas überrascht über den positiven Kursverlauf - hatte damit erst später gerechnet. Es gibt ja diese 20 Tage Regelung in Bezug auf die Ausübung der Warrants. Da scheinen zwei Parteien miteinander zu rangeln...naja spätestens Ende Oktober 2006 ist der Spuk vorbei...

aus dem Interim von ML:

Subsequent Event

On April 25, 2005, the Company issued 20,000,000 units by way of a private placement for gross proceeds of $15,000,000. Each unit consisted of one common share and one half warrant entitling the holder to purchase one common share at an exercise price of $1.00 for one whole warrant (two half warrants) for an 18-month period, provided, however, that if, at any time following expiry of the hold period, the closing price of the Company`s common shares on the TSX-V (or such other exchange as the shares of the Company are listed on) is greater than 1.50 $ for 20 or more consecutive business days, the Company may give notice to the holders of the warrants that the expiry date for exercise of the warrants has been accelerated and the warrants will expire on the 20th business day following the date of such notice. The Company incurred a 7% cash commission of $1,050,000 and $49,814 in share issuance costs in connection with the financing. Additionally the Company issued 1,400,000 agent warrants as an additional commission, entitling the holder to purchase one common share at an exercise price of $0.75 for an 18-month period.

[Art Bechstein]

Heute mit 1,88 C$ ein neues All-Time-High bei Mercator. So langsam kommt die größte Kupfermine der USA in Fahrt. Phase 2 der Produktionssteigerung ist angefahren und Mercator liegt voll im Zeitplan. In Phase 4, die in 2007 angeschlossen werden soll, wird dann selbst bei niedrigeren Rohstoffpreisen für Kupfer und Molydenum mehr Cash-Flow erzielt, als die Gesellschaft an der Börse bewertet ist - der Kurs kann also nur nach oben gehen, um dieser Schande zu entgehen

Art

[Cutter_Slade]

Antwort auf Beitrag Nr.: 20.965.279 von Art Bechstein am 27.03.06 20:18:54

Bin ich ja am Freitag gerade noch rechtzeitig reingerutscht bei 1,73.

Danke nochmal für die gute Anfangsinformation (sonst hätte ich den thread wohl nicht weitergelesen und mir wäre etwas entgangen).

Gruß Cutter

PS: Bist du an Kupfer-(Cobalt-Zink-)Minen interessiert, die in den nächsten 2 Jahren in Produktion gehen wollen ?

[Art Bechstein]

Antwort auf Beitrag Nr.: 20.965.822 von Cutter_Slade am 27.03.06 20:57:10

Klar Cutter, interessiert immer; ob's dann auch was ist, muß man sehen....

Art

[Cutter_Slade]

Antwort auf Beitrag Nr.: 20.966.672 von Art Bechstein am 27.03.06 22:00:49

Ja klar, hätte ja aber auch sein können, dein Kupfersollanteil im Depot ist schon überschritten und 3 andere investments hängen noch in der Warteschleife...
Bin heute aber wieder spät nach hause und eben erst mit den thread-Favoriten durch - wird heute nichts mehr.
Vielleicht morgen früh vor der Arbeit, aber erwarte auch bitte keine umfangreichen Analysen....

Gruß Cutter

PS: Per BM oder in diesen thread ? (mache keine eigenen threads auf, da ich der Meinung bin, wenn ich einen - fundamentalen - thread aufmache, muss ich ihn auch pflege, und das kann ich beim besten Willen nicht leisten, komme schon mit dem lesen und Informationen sammeln kaum hinterher, geschweige denn (regelmäßig) posten.

[Cutter_Slade]

Antwort auf Beitrag Nr.: 20.982.924 von Cutter_Slade am 28.03.06 22:03:50

Irgendwie habe ich die Zeitumstellung noch nicht verkraftet. Zum zweiten Mal in dieser Woche verschlafen, muss jetzt los. Heute abend dann.

Gruß Cutter

[Cutter_Slade]

Antwort auf Beitrag Nr.: 20.966.672 von Art Bechstein am 27.03.06 22:00:49

Da es heute schon wieder spät geworden ist und ich ohnehin davon ausgehe, dass du noch dein eigenes research betreiben wirst, kopiere ich einfach mal nur ein paar Zeilen aus einer Empfehlung von J. Taylor rein. Der wert ist nicht neu, Lundin hatte ihn auch schon (und zu deutlich tieferen Kursen) auf der Agenda, aber ich halte den Wert noch immer nicht für ausgereizt.
Taylor bringt zwar manchmal Zahlen durcheinander und wenn er unter Varianten wählen kann, nimmt er natürlich grundsätzlich die optimistische, ich halte ihn jedoch für integer und mit den dt. Puscherblättern nicht für vergleichbar.

New Buy Recommendation
Baja Mining Corp.
Traded Toronto Venture – BAJ
Price 3/10/06: $0.862
Shares Outstanding: 86.3 million
Market Capitalization: $75 million
Management & Insiders: 52%
Fully Diluted: 90 million shares
Management & Insiders: 42%
Copper Resource: 17.49 billion pounds
Funds on hand – C$2.5 million
Progress Rating: “B”
Web site: www.bajamining.com

....

The company’s project is the El Boleo copper/cobalt/manganese/zinc project located in Baja California Sur,
Mexico. Preliminary economic studies are pointing to the following economics:
· A 20+ year mine life with annual production of 50,000 tonnes of copper cathode, 2,100 tonnes of cobalt
cathode, and 23,000 tonnes of zinc sulfate. Also, the project may produce 35,000 to 65,000 tons per year
of manganese metal as an intermediate product.
· Zero cost of production with credits for gold, silver, zinc, molybdenum, and cobalt. Prices used for
this calculation are considerably below current market prices (copper $0.95/lb.; gold $400/oz.; silver
$6/oz.; zinc $0.45/lb.; molybdenum $10/lb.; and cobalt $12). Actually, when factoring in anything like
the current price of copper and other metals, the project is extremely robust and provides for a very
quick (less than two years?) return of capital.
· Capital costs of $292 million. Given the strength of this project’s economics, it seems very possible
that debt financing may be available for 100% of this capital cost with funding from banks, capital
equipment vendors, and possibly with off-take agreements. In fact, at $2.00 copper (current price is
$2.20), the project would throw off $286 million in annual cash flows, assuming zero cost after factoring
in credits from other metals. Moreover, as noted above, with current metals prices the project has a
negative cost of something like minus $0.32/lb. of copper produced.
· Cash-flow-per-share-possibility of more than $3 per share per year! If we assume warrants are
exercised, the company would have 90 million shares outstanding. If the project were able to generate
$286 million in operating cash flow, the project would generate $3.17 per share, or more than three
times its current price.
Let’s put this project’s economics into perspective. If the El Boleo can produce 143 million pounds of copper
per year at a cash cost of $0.34 per pound, that would be equal to a gold mine that produces 585,115 ounces at a
cash cost of $88.43. But as noted above, we are anticipating the possibility of negative cash costs.

What could this stock sell for if the above-noted economics pan out? If the company generated $3.17 per share
and you attached a multiple of five times cash flow, you would have a $15.85 stock. The company has run its
numbers at $1.25 copper with a zero cost assumption after factoring in credit. Multiply 143 million by $1.25
and you get $178 million, or $1.97 per share in annual cash flow, or more than twice the company’s current
share price.
Caution: As you can tell, I am very excited about this stock. But it is always good to look at risks inherent in
any investment, especially when you are as excited as I am about this one. What could go wrong? A definitive
feasibility study is scheduled for completion by the end of June this year. Assuming that work verifies the
economics noted above and no unexpected problems pop up, confidence in the project’s fundamentals should
improve and we would expect a larger universe of investors will begin to pay attention to this stock.

Der Wert notierte monatelang im Bereich um 40 cents, stieg dann - wohl nachdem Lundin ihn entdeckt hatte, ziemlich schnell auf 1 Dollar und dann nach der Taylor-Empfehlung weiter. Werden die obigen Zahlen nur einigermaßen erreicht, ist er jedoch immer noch deutlich unterbewertet. Derzeit wird "probeabgebaut", und einige (technologische) Probleme, die den Vorgängern massive Schwierigkeiten bereiteten, hat man wohl schon gelöst oder glaubt, diese lösen zu können.

Gruß Cutter

Zum nächsten, noch etwas spekulativeren, Wert übermorgen, da ich morgen abend nichtda bin.


Gruß Cutter

[Dere]

Antwort auf Beitrag Nr.: 21.000.527 von Cutter_Slade am 29.03.06 22:09:52

Chart gefällt mir schonmal. Vorallem wenn ich sehe wo die
Aktie noch vor gut 5 Jahren stand?!? Ob das stimmt über 50 $.

[Art Bechstein]

sehr gute News heute von Mercator. Man will die Phase III des Produktionsplan sozusagen überspringen und gleitend, d.h. je nach Baustand der Mühle, in die Phase IV mit der Molybdenum Produktion gehen. D.h. in 2008 werden 60m lb Kupfer und 8m Molybdenum. Nach dem aktuellen Kostenmodell wäre das ein positiver CF von 200m C$ p.a. ab 2008 - zur Erinnerung ...die Market-Cap liegt bei 95m C$

Art

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


Mercator Completes Pilot Plant Test & Moves to Phase 4 Expansion of Mineral Park
Thursday March 30, 12:12 pm ET


Annualized Rate of Production in Excess of 50 million lbs of Copper & 8 million lbs of Molybdenum Targeted by end of 2007
TRADING SYMBOL: TSX - ML
KINGMAN, AZ, March 30 /CNW/ - Mercator Minerals Ltd. (TSX: ML - News) is pleased to announce that it has successfully completed a pilot plant test for the production of copper and molybdenum concentrates. This test work was undertaken in preparation for the planned Phase 4 expansion of the Mineral Park Mine. As a result of the positive pilot plant results, combined with encouraging results from mine planning and economic evaluations, Mercator has elected to by-pass the Phase 3 expansion of the SX/EW plant move to the Phase 4 expansion as rapidly as possible.
"The economics of the Phase 4 expansion of the Mineral Park Mine are anticipated to be significantly greater than those for Phase 3 followed by a Phase 4 expansion," said Mike Surratt, Mercator's President & CEO. "The additional value created by recovery of molybdenum and the ability to reach a higher level of production sooner is expected to significantly boost the project economics." Phase 3 was planned as a further expansion of SX/EW capacity from the current 15 million pounds of cathode copper production to a projected 30 million pounds per year. However, Mercator's target for the Phase 4 expansion is to increase production to an annualized rate in excess of 50 million pounds of copper and 8 million pounds of molybdenum in concentrates per year by the end of 2007.

Process Plant Expansion

Mercator's purchase of a 20,000 ton-per-day concentrator in July 2005 allows the fast track development of the Phase 4 expansion of the Mineral Park project. Engineering is well underway to expand the concentrator to at least 30,000 tons-per-day during the relocation of the concentrator. The concentrator expansion will involve adding an additional ball mill, expanding the flotation capacity and adding a molybdenum recovery circuit. New ball mills are available to meet the contemplated expansion schedule. Mercator's goal is to have the concentrator fully operational by the end of 2007.

Previous Studies

The Duval Corporation, former owners and operators of the Mineral Park Mine, previously conducted studies in connection with the expansion of milling production at Mineral Park to 35,000 tons-per-day. Those studies were completed prior to the adoption and implementation of National Instrument 43-101 and the related disclosure requirements and, as such, while the results are considered relevant, they should be treated as historical estimates only, and should not be relied upon. The Duval studies indicated that, at 35,000 tons per day, production at Mineral Park would be approximately 50 million pounds of copper, 8 million pounds of molybdenum and 300,000 ounces of silver per year over a mine life of 22 years.

"Our pilot plant and mine planning appears to be confirming the data and information detailed in the Duval studies and we are moving forward with our plans for the Phase 4 expansion at Mineral Park," said Mike Surratt.

As part of the feasibility study on the Phase 4 expansion of the Mineral Park Copper-Moly project, the Company is proceeding with the studies and reports required to comply with the requirements of NI 43-101.

Jim Tompkins, P.Eng., the Company's Mine Manager, a Qualified Person as defined by NI43-101, supervised the preparation of and verified the technical information contained in this release.

Mercator Minerals Ltd.

Mercator Minerals is an unhedged copper producer that owns and operates the Mineral Park SX/EW Copper Mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper- molybdenum deposit. The Company has commissioned a feasibility study for a Phase 4 expansion to 50 plus million pounds of copper production plus moly production. This could be achieved by resuming production of copper and molybdenum concentrates from the substantial resources at Mineral Park using the recently purchased 20-30,000 ton per day process plant, as detailed in a news release dated July 20, 2005.


On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,
President and CEO


Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements.
For further information

please contact: Marc LeBlanc, Corporate Secretary, Tel: [phone], Fax: [phone], Email: [e-mail]

[neptuno123]

Antwort auf Beitrag Nr.: 21.017.582 von Art Bechstein am 30.03.06 20:52:40

Der kleine Rutsch nach unten heute wäre also nur ein "sell on good news", sehe ich das richtig?

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.017.672 von neptuno123 am 30.03.06 20:57:59

wenn Du es positiv sehen willst, war der Anstieg der letzten Tage der Vorbote der Meldung

[Warren7]

das hört sich mehr als gut an #31
vielen Dank art für die Info

[Martin12345]

Hallo!

Bitte um Hilfe!

Möchte auch eine kleine Position in Mercartor aufbauen. Leider kann ich nicht in Kanada ordern.
Mein Broker bietet nur eine Order über die OTC an.

Nun meine Fragen: Hat das irgendwelche Nachteile wenn man an der OTC ordert.

Zu welchem Kurswert wird gekauft (Ausserbörlich)
Was bedeutet eigentlich Pinksheet?
Kann man das Volumen von den gehandelten Aktien an der OTC feststellen?

Vielen Dank im voraus!

Grüße Martin

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.046.119 von Martin12345 am 02.04.06 20:01:37

die Pinksheets sind das unterste Segement in USA, d.h. unorganisierter Telefonhandel ohne bid- und ask-Stellung. Umso wichtiger das Setzen von Limits. Immerhin gibt es für Mercator in USA einigermaßen akzeptable Umsätze, vermutlich weil die Mine in den USA liegt. Wenn Du also um die 1.66-1.68 US$ ein Limit mit Deiner Stückzahl setzt, dann solltest Du nicht übers Ohr gehauen werden. Ach ja, versuch mal, ob Du eine KT- ("keine Teile") Order, auch "all-or-none" oder "fill-or-kill" genannt, bekommen kannst. So vermeidest Du Teilausführungen, was immer ärgerlich ist.

Viel Erfolg - ach und bei comdirect kannst Du die Times-und sales verfolgen, wenn Du das Kürzel "MLKKF" eingibst und Intraday - Tickliste klickst.

Art

[Martin12345]

Danke Art!

Bin froh, das es so Leute wie dich gibt. Deine Antwort hat mir mehr als geholfen!

Grüße
Martin

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.002.250 von Dere am 29.03.06 23:46:14

Ich muss ehrlicherweise gestehen, dass ich noch gar nicht so weit zurück gegangen bin und das daher gar nicht weiß. BAJ war einer der Werte, wo ich auf Grund der Taylor-Empfehlung mal zuerst "geschossen" habe und dann fragen wollte - leider ist es dabei in Ansätzen geblieben, da meine Zeit sehr begrenzt ist und ich in den letzten Wochen mehr den Silbersektor verfolgt habe.
So habe ich allerdings auch einen Nachkauf verpaßt, den ich nach einer gründlicheren Recherche vornehmen wollte (natürlich falls positiv).
Schade, aber man kann nicht alles haben.

Gruß Cutter

PS: nachdem ich mir die Rahmendaten zu meinem 2. Wert - Redhawk Resources, RDK.V - am WE noch mal zu gemüte geführt habe, verzichte ich auf eine Vorstellung. Derzeit zuviel Material (diluted shares) unterwegs für zu wenig Wissen, wieviel man dort letztendlich wirklich aus der Erde holen kann. Die Operation ist sicherlich interessant, hat aber im Augeblick für mich keine Priorität (mit einer Anfangsposition bin ich aber seit Anfang Januar drin).
Für eigenes Research: www.redhawkresources.com; dort ist auch ein Artikel von J. Taylor dazu zu finden (allerdings nicht der aktuellste).
So, und ab jetzt geht's wieder nur um Mercator.

[Dere]

Hatte leider kein freies Cash mehr.....

Sieht gut aus euer Baby.



Gruß
Dere

[Statistix]

Läuft nicht schlecht, was Art?

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.060.920 von Statistix am 03.04.06 21:50:57

yo, mein Glück wäre perfekt gewesen, wenn mein Schotten-Limit bei CMM.V noch gegriffen hätte....wie sagt der Engländer "shooting fish in a barrel"

Art

[Statistix]

tsja, art. so wies aussieht könnten wir bei cmm nochmal zugreifen. ich versuchs denke ich so um die 1.50 mal. dann nochmal bei 1.40 . immer noch günstig, wenn man sich die metrics ansieht. ich würde sagen koservativ $3 bis Jahresende.
hier bei ml schlagen wir uns ja sehr sehr wacker.ne ahnung wie weit das bis jahresende geht?

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.078.087 von Statistix am 04.04.06 23:31:37

selten, dass alles mal auf "very bullish" steht..

http://www.stockta.com/cgi-bin/analysis.pl?symb=ML.C&num1=5&…


Stat; ja, probieren kann man es ...3C$ ist sehr wahrscheinlich..

Art

[Art Bechstein]

Ach das ist ja fein.

Heute sind die 100% seit der Threaderöffnung voll, auch wenn es am Anfang ein wenig zäh lief....jetzt aufi zu den nächsten 100%

Art

[kutowski]

Antwort auf Beitrag Nr.: 21.148.712 von Art Bechstein am 10.04.06 18:27:58

Hallo Art,

hab nicht ganz 100% aber 88% sind auch super.
Da sag ich doch mal ganz herzlich Dankeschön für Deine Empfehlung.

Hat Jennings übrigens sein Kursziel von 2,50 C$ inzwischen erhöht ? Nachdem die Phase 3 ja wohl übersprungen wird, denke ich werden die nachziehen müssen, zumal das Kursziel ja erreicht ist .

Kutowski

[alecx]

hallo an alle,
bin neu hier und wollte bloß mal eure meinung hören, ob ein einstieg jetzt noch lohnt, und ob ich gleich einsteigen, oder einen möglichen rücksetzer abwarten soll?

danke und gruß
alecx

[Art Bechstein]

@ all

Jennings Capital hat jetzt das Kursziel von Mercator auf 4C$ angehoben, was angesichts des hauseigenen Kupfer-Zielpreises und des Überspringens der Phase 3 eigentlich lächerlich ist...

Art


http://www.jenningscapital.com/pdfs/ML04052005.pdf

[alecx]

traut sich denn keiner mir einen ratschlag bezüglich des einstiegszeitpunkts zu geben?

[Statistix]

Ich hab gestern gekauft

[Art Bechstein]

Stat,

gutes Näschen, denn wir haben soeben die 3,00 C$ Marke genackt. Diese Aktie ist einfach nur genial und wir haben noch längst nicht alles gesehen...

Art

[alecx]

ja, hatte mich auch in dieser kursgegend eingedeckt.

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.524.675 von alecx am 11.05.06 16:40:00

na siehste,

nicht fragen - KAUFEN !!

[Statistix]

Oh ja Art. Einfach nur genial. Da geht noch einiges.
Hoffentlich werden andere Baustellen auch bald entdeckt.

[Art Bechstein]

Stat,

bei CMM muß nur der RAB-Pfropfen weg - dann läuft das rel. schnell übe 2$ - das Teil will nach oben, aber man sieht immer wieder dieses Range-Trading. TAG.L wird IMO klar abgemolken von den Market-Makern. Meine Orders werden seit Tagen nicht bedient, obwohl teils 3GBp (5 Cents) über dem Ausführungskurs. Im schlimmsten Fall wird da ein größeres Placement vorbereitet im Bereich 40 GBp - da ist der AIM ja sehr berüchtigt.

Art

[damdaki]

Moin,
Art was ist denn dieses CMM oder CMM.V?

Wenn man z.B. bei Comdirect MERCATOR kaufen möchte, welche Art von Order muss man auswählen?
Es ist ja kein Inlandsorder. US-Order ist es ja auch nicht direkt. Da bleibt es dann nur das Live Trading übrig, oder wie?
(Ich habe den Beitrag von Art mit "all-or-none" oder "fill-or-kill" -Beitragsnummer 21.046.248- bereits gelesen.)

Die zweite Frage ist deswegen, weil bei mir auf Comdirect keine Kaufoption für MERCATOR eingeblendet wird, obwohl ich bei Comdirect die höchste Risikostufe habe.
Danke.

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.536.487 von damdaki am 12.05.06 13:11:27

also beide Aktien sind in Canada und leider nicht in Deutschland gelistet. Bei Comdirect kasst Du m.W. nur direkt in Kanada kaufen (Mercator auf jeden Fall, weil TSX und CMM einfach mal fragen). Die US-Listings sind in beiden Fällen Pink Sheet Listings und die sind m.W. bei comdirect nicht handelbar. Ich würde Dir wirklich ein Depot bei Nordnetonline empfehlen (bin auch dorthin von comdirect) - dort kannst Du alle Pinksheets handeln - dann allerdings wieder nicht in Kanada direkt. Dafür nutze ich Interactivebrokers.de , wo man in Kanada und Pink Sheets handeln kann - also beide Optionen, was auch noch bei Internaxx ginge.
Fazit: Du solltest, wenn Du nur comdirect hast, lieber in Kanada handeln - kostet zwar etwas mehr Gebühr, aber Du solltest die Order in einem Stück vollbekommen und hast den liquideren Markt

Art

[Statistix]

@ Damdaki. Unter dem Stichwort Century Mining findest Du einen wie ich finde viel zu wenig beachteten Thread zu CMM.V von mir hier bei W:O.

[Art Bechstein]

M.E. sehr gute Gelegenheit, um nachzulegen. Der gestrige Q1-Bericht hat anscheinend für Enttäuschung gesorgt, da statt der angestrebten 15 Mio lb Kupfer nur 7 Mio. lb annualisiert im Q1 produziert wurden. Allerdings hat die Gesellschaft den Ramp-Up auf die 15 Mio lb erst für den Verlauf 2006 versprochen. Was viele aber übersehen ist der Umstand, dass Mercator so schlau war und 8,3 Mio. lb Kupfer auf Lager zu nehmen. Wenn man die jetzt verkaufen würden, wären das Minimum 30 Mio. C$ Cash Flow und ca. 20 Mio C$ Gewinn. Es geht doch nichts über gut gemanagete Gesellschaften...

Art

[XIO]

Hallo, ich habe mal eine allgemeine Frage zu Moly.

Wie sieht es mit der zukünftigen Preisentwicklung aus.
Bei Nickel und Kupfer wird ja mit ordentlichen Rückschlägen gerechnet, aber zu Moly finde ich einfach nicht ausreichend Infos.

Also, wie ist die Lage auf dem Weltmarkt und wie sind die Aussichen so bis 2010?

Hier mal ein paar Links von mir zum Thema.
http://www.freemarketnews.com/Analysis/60/3742/2006-02-10.as…" target="_blank" rel="nofollow ugc noopener">http://www.freemarketnews.com/Analysis/60/3742/2006-02-10.as…

http://www.gold-eagle.com/editorials_05/reser092205.html
http://www.cozine.com/archive/cc2005/01370511.html

@Art: Bitte mach Dir mal die Mühe und kuck mal nach der BM

[alecx]

tja, im licht der drei letzten tage war mein kauf wohl doch nicht so ruhmreich wie gedacht...
frag mich wie weit es noch fallen wird bis es wieder steigt? jemand eine meinung?

[bmann025]

aus einem anderen threadzu molybdän

http://www.teckcominco.com/presentations/ms-canaccord-moly-j…

[kutowski]

@ art @ statistix

Hallo Ihr zwei,

was meint Ihr, hat das in der nächsten Zeit Auswirkungen auf die Kursentwicklung ?

Mercator Minerals Ltd. (ML)
As of May 26th, 2006
Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price
May 25/06 May 19/06 Vankoughnett, Ronald Earl 50 - Grant of options Options 50,000
May 25/06 May 19/06 Thomas, Gavin 50 - Grant of options Options 50,000
May 25/06 May 19/06 Surratt, Michael L. 50 - Grant of options Options 200,000
May 25/06 May 19/06 Lindeman, Michael D. 50 - Grant of options Options 50,000
May 25/06 May 19/06 Lee, Raymond R. 50 - Grant of options Options 100,000
May 25/06 May 19/06 LeBlanc, Marc 50 - Grant of options Options 100,000
May 25/06 May 19/06 Quinn, Robert Joseph 50 - Grant of options Options 50,000 $2.090
May 25/06 Jan 04/06 Quinn, Robert Joseph 50 - Grant of options Options 200,000 $1.000
May 23/06 May 18/06 Lee, Raymond R. 51 - Exercise of options Common Shares 85,655
May 23/06 May 18/06 Lee, Raymond R. 51 - Exercise of options Options -100,000

Kutowski

[Statistix]

Das hat weniger Bedeutung. Mehr Bedeutung hat dass z.B. Vanderkoughnet im offenen Markt zu 2,40 zugeschlagen hatte wenn ich mich recht erinnere. Also kann man nicht davon ausgehen, daß die ihre ausgeübten Optionen --> Shares zu dem PReis abstoßen wollen.
Dr. Copper strikes back.

[danatbank]

OT: Kennt hier jemand Baja Mining?

Cu-Zn-Mn-Co Lagerstätte in Niedrkalifornien/Mexiko
105 Mio. Aktien FD / MK 140 Mio.$
Reserven >530 Mio.t @ >1,5% Co eq nach 43-101, entsprechend 60
Mrd.$ in-ground value
feasibility study fertig Juli 2006
Produktionsbeginn 2008
Konstruktion der Mine für 292 Mio.$, Finanzierung im wesentlichen
durch Bankkredite.
Produktion von 143 Mio.lb Cu eq zu Produktionskosten von 0,34$/lb Cu eq

http://www.bajamining.com/_resources/boleo_ppt.pdf

[bmann025]

Reserven > 530 Mio t
Kupfer alleine > 60 Mrd $ (+molybdän + zink + kobalt)
Produktionskosten von 0,34$/lb Cu
marketkap. 140 Mio $

sowas habe ich noch nicht gesehen, ich staune...

[XIO]

Antwort auf Beitrag Nr.: 21.852.045 von danatbank am 28.05.06 19:38:21

hey, waren nicht das nicht die, mit der ollen Mexico-Lokomotive auf der Website, haben wohl neu aufgelegt ihren Auftritt.

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.861.730 von bmann025 am 29.05.06 16:54:25

Bmann,

das sind Mio lb Kupfer und nicht Tonnen.

Das ist der aktuelle Stand (siehe Posting #1)

1,56 Mrd. lb Kupfer
488 Mio. lb Molybdenum
46 Mio. Oz Silber

in verschiedenen Kategorien (Reserves, Resoucres) verfügt.

Das Ganze bei einem Cut-Off von 0,3% Kupfer und einer strip ratio von sensationell niedrigen 0,3-0,4:1.

Inground Value ca. 18,5 Mrd. US$ auf Basis heutiger Rohstoffpreise - trotzdem nicht schlecht.

V.a. müssen die nur ca. 70-80 Mio C$ aufwenden, um die Mühle/Concentrator auf ca. 60.000 lb Kupfer und 8-10.000 lb Moly auszubauen, was ab Ende 2007 erfolgt sein soll.

Rechne mal mit Kupfer 3 US$/lb und Moly mit 16 US$/lb und Production Cost von 1 US$/copÄqui .

Das wären Erlöse von 324 Mio US$ p.a. Cash Flow von 220 Mio US$ p.a. = 250 Mio C$ bei einer Cap von 120 Mio C$...Wahnsinnnn

Art

[bmann025]

war o.t. zu o.t. #64, bajamining

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.863.057 von bmann025 am 29.05.06 18:07:27

sorry....

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.852.045 von danatbank am 28.05.06 19:38:21

Baja Mining ist sicher nicht schlecht, ich hatte ja schon mal hier im thread drauf hingewiesen, aber die Zahlen stimmen so nicht ganz. Bei 1,5% Cu-Äquivalent sind es "nur" 213 Mio t, die niedrigen Förderkosten entstehen durch die "credits" der anderen Metalle, deshalb düfen diese bei der Förderung nicht noch zusätzlich reingerechnet werden (also nicht Förderung Cu-Äqivalenzbetrag, sondern nur reine Cu-Menge), und über 100 Mio lbs Cu werden auch nur in den ersten Jahren gefördert, da man dann die Abschnitte über 2% Cu-Grad abbaut.

Nichtsdestotrotz liest sich die Vorstudie einfach zu gut, und ich suche immer noch den Haken.
Was mich hierbei wundert, sind die niedrigen Kosten, mit ca. 50 Mio USD bei einem Durchsatz von 2,6 Mio t p.a. erscheint mir das ziemlich wenig.

Gruß Cutter

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.865.969 von Cutter_Slade am 29.05.06 21:10:46

Cutter,

50 Mio USD für 2,6 Mio tpa ist nicht "verdächtig" günstig. Mercator zahlt für die 10 Mio tpa Anlage rd. 100 Mio USD, wobei sie die Kernanlage (Mill, concentrator, rectifier) sehr günstig gebraucht gekauft haben (bei eBay )

Art

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.866.089 von Art Bechstein am 29.05.06 21:23:23

Nein, dies sind die operativen Kosten p.a. (die geplanten Investitionskosten belaufen sich auf ca. 292 Mio USD).
Das Ding ist 'ne kombinierte Übertage-/Untertage-Mine, und 20 USD/t (vor Finanzierung und Steuer) wollen mir einfach nicht in den Kopf. Die zeitliche (Nicht-)Verteilung der Kosten ist aber auch nicht so, dass man zuest von übertage (könnte man mit hinkommen) und dann von untertage ausgehen kann.
Ich glaub, ich muss die 158 Seiten doch komplett durchlesen...

Gruß Cutter

PS: ich denk' da nur an Yukon zinc, die sind (untertage) bei 100 USD/t gelandet.... (allerdings müssen die ihr Konzentrat wohl 800 km durch die Gegend bis zu einem Ofen fahren). Und von unter 40 USD/t untertage habe ich noch nie gelesen...

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.866.447 von Cutter_Slade am 29.05.06 22:05:47

Cutter,

ok - kenne den Bericht nicht; wieviel entfallen denn von den Minenbaukosten auf Mill, Concentrator und Rectifier - ist das einzeln ausgewiesen?


Art

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.866.499 von Art Bechstein am 29.05.06 22:11:57

Die Angaben sind ziemlich grob - 5,41 USD/t für mining und 14,58 für "processing and administration".

Gruß Cutter

[Art Bechstein]

Antwort auf Beitrag Nr.: 21.866.527 von Cutter_Slade am 29.05.06 22:15:08

ok, und für den eigentlichen Bau der Anlagen..ist das aufgegliedert. Wenn ja, würde ich selbst da gerne mal reinlesen, weil mich so was interessiert, denn die Kostenseite wird immer wichtiger bei den Produzenten, denn Kosten lassen sich im Ggs. zur Produktion nur sehr bedingt hedgen und werden wohl leider weiter steigen, besonders auch die Finanzierungskosten bei einigen Junior-Produzenten.

Art

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.866.527 von Cutter_Slade am 29.05.06 22:15:08

Stopp, ergänzende Angabe: labour: 1,76; maintenance: 1,04; consumables: 10,03; power: 1,86 (??)

Cutter

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.866.546 von Art Bechstein am 29.05.06 22:18:08

Ja, die Anlagenkosten sind deutlich detallierter (plausibiliseren kann ich sie trotzdem nicht, dazu beschäftige ich mich erst zu kurz / noch zu wenig damit).
Man muss berücksichtigen dass diese Vorstudie aus 08/2005 stammt. Inzwischen haben sich ja nicht nur die Metallpreise, sondern auch die Kosten erhöht.

Gruß Cutter

Hier die Studie.
http://www.bajamining.com/_resources/Reports/boleo_prelim_ec…

PS: In der Unternehmenspräsentation stehen wirklich die von danatbank genannten 530 Mio t bei 1,5% Cu-Äquivalent-cut-off drin - in der Vorstudie Aufgust waren es 100 Mio measured/indicated + 112 Mio inferred - wundersame Vermehrung.

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.866.447 von Cutter_Slade am 29.05.06 22:05:47

O.K., ich nehme das mit den nicht unter 40 USD/t operativen Kosten zurück. Man sollte einige Sachen nicht nur ausdrucken, sondern auch lesen.
Zumal sich (horizontale) Mantos mit den in der Studie beschriebenen Verfahren sicher leichter abbauen lassen als schmale (vertikale) Adern.

Gruß Cutter

[bmann025]

OT

cutter gratuliere übrigens,

bisher genau einen thread geschrieben,

und darin 5.3.2000 vor einem crash gewarnt,

d.h. exakt 2 tage vor dem ath beim dax.

[Cutter_Slade]

Antwort auf Beitrag Nr.: 21.876.849 von bmann025 am 30.05.06 17:55:09

Danke danke, seitdem habe ich das thread-Schreiben nicht mehr nötig und sonne mich im "Guru-Status"...

Gruß Cutter

[danatbank]

Antwort auf Beitrag Nr.: 21.879.520 von Cutter_Slade am 30.05.06 21:20:56

Das einzige, was mir bei Baja Mining Sorgen bereitet, ist die
Gefahr von windfall taxes in Mexiko.

Ansonsten würde ich noch Northern Dynasty (Pebble-Projekt in
Alaska) als Wert empfehlen:

MK 500 Mio.$ für eine avisierte Produktion von 550MM lbs Cu,
600M oz Au, 20MM lbs Mo. bei einem mine life von +35a allein für
Pebble West und Kosten von 25c/lbs.
Ressourcen insgesamt bei 49bn lbs Cu, 64MM oz Au, 2bn lbs Mo
(measured + indicated + inferred) bei einem cut-off von 0,3%
für Pebble West und 0,6% für Pebble East.
Der Produktionsstart zieht sich zwar noch bis 2013/2014 hin,
dafür hat die Lagerstätte aber auch die Dimension von Grasberg/
Ertsberg.

[danatbank]

Als Mercator zum letzten Mal bei 1,85 stand, lag der
Kupferpreis bei 2,4.

So ein Schwachsinn.

Beim jetzigen Kurs werden Kupferpreise von 2000$/t und
Molybdänpreise von 0 impliziert, wo die Grenzkosten der
Industrie sich in Richtung 4000$/t bewegen und der Molybdänbedarf
nicht allein aus Minen gedeckt werden kann, in denen Moly nur
Beiprodukt ist.

Und wenn um 2025 Chuquicamata und Escondida erschöpft sind,
hat ML noch einigen Jahrzehnten Minenleben vor sich.

[alecx]

ja die preisentwicklung hier ist wirklich schwachsinn. oder es sind richtig schlechte nachrichten im anmarsch-aber was sollte das sein?

[danatbank]

Kupfer 3,54, Moly 27 und ML 1,85.

[bmann025]

Mercator has record month at its Mineral Park Copper Mine
...Net operating income for May 2006 was (unaudited) US$2,507,831. Average cash cost for the month of May fell to US$0.95 per lb. Ore production from the pit was 363,474 tons at an average grade of 0.32% copper. Copper sales for the month of May were 895,434 lbs of cathode copper...

http://www.stockhouse.com/news/news.asp?newsid=3749861&tick=…

[danatbank]

Warum werden eigentlich annualisiert nur 10 Mio. Pfund
produziert, wo 15 für Phase 2 in Aussicht gestellt worden sind?

[bmann025]

evtl. sind production und verkauf zu unterscheiden?

production
363,474 * 0.32% = 1163 tons = 2,56 Mill pounds pro monat

das wären
30 millionen pound / jahr als sogar doppelt soviel !

ab geht noch der materialverlust.

[EasySkunker]

Verehrte Mitstreiter.

Angesichts der unerhörten Vorgänge um die Sperrung des Users Art Bechstein sehe ich keinerlei Grund mehr, warum ich meine aktive Mitgliedschaft bei WO aufrechterhalten soll.

User wie er, und vor allem auch seine Beiträge zum Thema Forsys haben mich einst dazu bewegt am WO-Board teilzunehmen in der Hoffnung, wirklich Wissenswertes auf diesem Wege gelegentlich erfahren zu können.

Offenbar hat jedoch das WO-team keinerlei Intersesse an excellent fundierten Beiträgen, da diese das eigene schmutzige Spielchen beinträchtigen.
Anstatt sich mit Art B. verbal auseinanderzusetzten, bedient man sich lieber undemokratischer Methoden, und zensiert einfach die Wahrheit.
Ein solches Verhalten ist weit unter meinem Niveau, und wird meine Akzeptant/Duldung niemals finden.

Ich persönlich, ziehe deshalb die Konsequenz, und lasse meine WO- Mitgliedschaft ruhen, bis Art B. hier wieder posten darf.
Sich an diesem Viren- und Trojanerverseuchten WO-Board unter diesen Umständen weiterhin zu beteiligen betrachte ich nun als absolute Zeit-, Energie-, und (vermutlich auch) Geldverschwendung.
Den sonst hier herumkursierenden geistigen Müll, das hirnlose Gepushe&Gebashe kann ich mir mit Vergnügen und Erleichterung getrost sparen.


Wer sich zum Thema informieren möchte:

http://www.investorshub.com/boards/read_msg.asp?message_id=1…
http://www.wallstreet-online.de/dyn/community/thread.html?th…

Bis dann!
EasySkunker

[Dirkix]

@ Art

Bitte sieh mal ganz schnell deine eMails durch!!!

[danatbank]

Wenn man davon ausgeht, daß die Resourcen in Reserven überführt
werden können (wovon ich ausgehe), dann ist die Mineral Park-
Mine gemessen in Cu-Äq. größer als die vergleichbaren
Cu-Mo-Porphyr-Lagerstätten Sierrita und Bagdad zusammen.
Zudem ist Mineral Park nach unten offen (wobei in 35 Jahren oder
so daran gedacht werden müßte, unter Tage zu gehen).
Bei Phelps Dodge hingegen werden im Zeitraum 2010-2025 praktisch
alle nordamerikanischen Vorkommen erschöpft sein.

http://www.tylerresources.com/pdf/Production%20Today%20Jan%2…

[danatbank]

...Ressourcen...

[bmann025]

Saturday July 29, 9:25 AM EDT

SANTIAGO, Chile (Reuters) - Workers at Chile's Escondida, the world's largest copper mine, voted overwhelmingly on Friday to strike to demand a new contract offer from the company that reflected soaring copper prices.

http://today.reuters.com/news/newssearchresults.aspx?srch=ch…

[bmann025]

meine neue nummer 1 aktie im rohstoffbereich

[Warren7]

von der homepage

Attention Business Editors
Mercator has record month at its Mineral Park Copper Mine

TRADING SYMBOL: TSX - ML

VANCOUVER, June 8 /CNW/ - Mercator Minerals Ltd. is pleased to announce a
significant increase in net operating income at the Company's wholly owned
Mineral Park Mine in Arizona. Net operating income for May 2006 was
(unaudited) US$2,507,831. Average cash cost for the month of May fell to
US$0.95 per lb. Ore production from the pit was 363,474 tons at an average
grade of 0.32% copper. Copper sales for the month of May were 895,434 lbs of
cathode copper.
Michael L. Surratt, the Company's President and CEO stated: "Cathode
production at Mineral Park is increasing; we have completed most of the
changes to the SX/EW plant and have completed the refurbishment of the primary
loading units. Mining tonnage production is now above plan. Although we
experienced an electrical outage in April, it was still a very profitable
month. June has started where May left off and we expect to have an
outstanding quarter."
The Company is also realizing top dollar from its cathode marketing
program. Over the last month the Company averaged US$3.73 per pound, after
transportation and marketing costs for the cathode produced.

Phase 4 Expansion
-----------------

Significant progress has been made on the feasibility study for the
resumption of milling operations at Mineral Park with the objective of
achieving a significant increase in copper production, to a total of
approximately 40-50 million pounds of copper per year, and adding
approximately 7-8 million pounds of molybdenum per year by the end of 2007.
The reserve estimates are complete and the final report is being written.
Additional studies have been commissioned to optimize throughput to more than
30,000 tons per day. The throughput optimization studies add a couple of weeks
to the timing of the feasibility study but are critical to maximizing
production.
The Company plans to relocate the recently purchased 20-30,000 ton per
day concentrator to Mineral Park. A pre-feasibility study on this Phase 4
expansion is anticipated to be complete later this month.

Phase 4 Equipment Purchase
--------------------------

The Company has been informed that the first of two hydraulic shovels for
the Phase 4 expansion is being shipped and is expected to arrive at the mine
in July. The shovel is planned to be assembled and operational in August 2006.
Jim Tompkins, P.Eng., the Company's Mine Manager, a Qualified Person as
defined by NI43-101, supervised the preparation of and verified the technical
information contained in this release.

Mercator Minerals Ltd.

[bmann025]

Antwort auf Beitrag Nr.: 23.332.563 von Warren7 am 05.08.06 21:56:22

Copper futures closed down 0.9 cent at $3.602 a pound as traders awaited the next development in a strike at the Escondida mine in Chile, the world's biggest privately-held copper mine.
Overnight, BHP Billiton, which owns 57.5% of Escondida, said it declared force majeure on delivery of copper concentrates from the mine after workers downed tools in a dispute over pay.
Force majeure is declared when contractual obligations can't be met because of factors such as natural disasters or failures of third parties.
Escondida, which employs 2,930 workers, produced 1.27 million tons of copper last year and 182,000 ounces of gold. Its weekly copper output represents around a quarter of current global warehouse inventory of the red metal.
In a statement overnight, BHP (BHP : bhp billiton ltd sponsored adr
BHP41.66, -0.77, -1.8%) said it launched a contingency plan in an attempt to maintain "a reasonable operational continuity." It is understood to have built a large stockpile of copper in anticipation of the strike.
The other owners of the mine are Rio Tinto with a 30% stake, a Mitsubishi-led Japanese consortium with a 10% stake and International Finance Corp. with 2.5%.

[bmann025]

Antwort auf Beitrag Nr.: 23.362.698 von bmann025 am 09.08.06 07:14:01

Mercator reports Record Earnings & Production for Second
Quarter, 2006
(Stated in US Dollars unless otherwise indicated)
TRADING SYMBOL: TSX – ML
Kingman, Arizona: August 14, 2006, – Mercator Minerals Ltd. today announced record
earnings of $5.0 million before taxes and non cash charges for the second quarter of 2006 and
$6.5 million for the first half of the year as a result of dramatically higher copper production
combined with outstanding realized copper prices.
“Our record earnings and cash flow from operations are a reflection of impressive increases in
copper production combined with exceptional copper prices,” said Michael L. Surratt, President
and CEO. “We’re seeing the fruits of our capital investment program of the past 12-18 months
at our Mineral Park Mine, where we have significantly expanded production of SX/EW copper.
Higher production and commodity prices give us the balance sheet and cash flow to aggressively
advance the Phase 4 expansion of the Mineral Park Mine, to make it one of North America’s
major copper-molybdenum producers.”
Financial Highlights for the Three Months ended June 30, 2006
At June 30, 2006, Mercator had working capital of $17,948,586, including cash on hand of
$15,380,570, as compared to working capital of $4,255,347 and cash on hand of $1,899,733 at
December 31, 2005.
• Record unaudited cash flow before taxes and non cash items of $5.0 million during the
second quarter 2006, a dramatic increase over the net income of $246,563 for the
corresponding period in 2005.
• 47% increase in copper production at Mineral Park to 2,180,588 pounds produced
compared to 1,480,412 pounds the same period in 2005.
• 245% increase in operating revenues from sale of copper and landscaping materials to
$8,097,679 for the second quarter 2006 compared to $2,346,734 for the corresponding
period in 2005.
• Average realized copper price during the three-month period ended June 30, 2006 was
approximately $3.36 per pound, as compared to the average price for copper of $1.51
during the same period in 2005.
• $9.49 million in net proceeds from the exercise of warrants and stock options.
All financial information contained herein should be read in conjunction with the Company's
Management Discussion and Analysis and unaudited financial statements for the period ended
June 30, 2006 and the Management Discussion and Analysis and Audited consolidated financial
statements for the years ended December 31, 2005 and 2004 and related notes thereto available
under the Company's profile on www.sedar.com.
Other Business
At the shareholder meeting held in June, the shareholders overwhelmingly approved all
resolutions.
Mercator Minerals Ltd.
Mercator Minerals is a copper producer that owns and operates the Mineral Park SX/EW Copper
Mine in Arizona, with a corporate strategy focused on maximizing the production potential of
the Mineral Park copper-molybdenum deposit. The Company has commissioned a feasibility
study for a Phase 4 expansion of increased copper production plus molybdenum production. This
could be achieved by resuming production of copper and molybdenum concentrates from the
substantial resources at Mineral Park using the recently purchased 20-30,000 ton per day process
plant, as detailed in a news release dated July 20, 2005.
On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
Per: “Michael L. Surratt”
Michael L. Surratt,
President
This press release contains certain forward-looking statements, which include estimates, forecasts, and statements
as to management's expectations with respect to, among other things, the size and quality of the Company's mineral
reserves and mineral resources, future production, capital and mine production costs, demand and market outlook
for commodities, and the financial results of the Company. These forward-looking statements involve numerous
assumptions, risks and uncertainties and actual results may vary.
Factors that may cause actual results to vary include, but are not limited to, changes in commodity and power
prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions
(including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated
operational difficulties (including failure of plant, equipment or processes to operate in accordance with
specifications, cost escalation, unavailability of materials and equipment, delays in the receipt of government
approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and
environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in
the financial markets. These risks are described in more detail in the Annual Information Form of the Company. The
Company does not assume the obligation to revise or update these forward-looking statements after the date of this
report or to revise them to reflect the occurrence of future unanticipated events, except as may be required under
applicable securities laws.

For a more complete discussion, please refer to the Company's unaudited interim consolidated financial statements
and MD&A for the quarter ended June 30, 2006 and the Company's audited financial statements and MD&A for the
year ended December 31, 2005 on the SEDAR website at www.sedar.com.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.

For further information, please contact: Marc LeBlanc, Corporate Secretary, Tel: [phone] or (604) 716-
5582; Fax: [phone]; Email: [e-mail]

[Wiewel2005]

Antwort auf Beitrag Nr.: 23.442.693 von bmann025 am 14.08.06 18:56:08

Ziemlich beschissenes Quartalsergebnis, wollte eigentlich mal ML kaufen.... lasse ich jetzt lieber. ML kommt auf die Watch für später in einem Jahr mal

[bmann025]

Antwort auf Beitrag Nr.: 23.450.081 von Wiewel2005 am 15.08.06 01:41:04

warum ?

Marketkap nach stockhouse 120 Mio C$ = ca. 105 Mio US$

working cap. 18 Mio $
kupferlagerbestand = ??? mio $

annualisierte earnings of $5.0 million (before taxes and non cash charges)= 20 mio $

d.h. innerhalb ca. 4-5 quartalen kann mercator seine market.kap erwirtschaften (before taxes and non cash charges).

UND

bei 2,180,588 pfund kupfer im quartal (= 8.7pfund/Jahr) ist die kapazität von 15 mill pfund/jahr noch lange nicht ausgeschöpft

UND

schon gar nicht die phase 4 mit 60 mill pfund + molybden (ab 2007?)

[bmann025]

Antwort auf Beitrag Nr.: 23.450.550 von bmann025 am 15.08.06 09:29:32

(noch ein paar tippfehler raus gemacht...)

warum ?

Marketkap nach stockhouse 120 Mio C$ = ca. 105 Mio US$

working cap. 18 Mio $
kupferlagerbestand = ??? mio $

Marketkap abzgl. obiges < 90 mio US$

annualisierte earnings of $5.0 million (before taxes and non cash charges)= 20 mio $

d.h. innerhalb ca. 4-5 quartalen kann mercator seine market.kap erwirtschaften (before taxes and non cash charges).

UND

bei 2,180,588 pfund kupfer im quartal (= 8.7 mio pfund/Jahr) ist die kapazität von 15 mio pfund/jahr noch lange nicht ausgeschöpft

UND

schon gar nicht die phase 4 mit 60 mill pfund + molybden (ab 2007?)

[bmann025]

Antwort auf Beitrag Nr.: 23.450.601 von bmann025 am 15.08.06 09:33:29

oops, 4-5 "jahre" statt "quartale"

[Supertubos]

dann vielleicht dieses investment

Frontera Copper
Company Developments and Outlook

Site construction is nearing completion. Contractor personnel on site peaked at nearly 700 workers in June and has been decreasing since then. All major equipment for operations is now installed. More than 3.2 million cubic meters of material have been mined and ore stacking continues with over 5.5 million tonnes of ore placed on the leach pad. Sulfuric acid shipments and wetting operations began in June and recruiting personnel for start-up continues. In addition, a core drill rig arrived at the nearby prospective Cerro Chato deposit and was operating by late July.

Construction of the Piedras Verdes SX-EW processing facility is proceeding on schedule and production of copper cathodes is expected to commence early in the fourth quarter of 2006. M3 Engineering and Technology, Inc. ("M3"), the firm responsible for the project's Engineering, Procurement and Construction Management, recently prepared a revised "Estimate at Completion" capital cost of approximately $106.9 million, including working capital requirements of $6.9 million. This compares with their previous estimate of $90.0 million, including working capital requirements of $6.1 million, which M3 produced in December 2005. The increase in the cost primarily relates to costs associated with preserving the current construction schedule and escalation in construction material and freight costs. In addition, more difficult than expected soil conditions in a portion of one of the heap leach pads increased construction costs. In order to maintain the construction schedule, additional equipment was used to perform multiple tasks and specialized equipment was used to accelerate the placement of concrete. In addition, the project has experienced escalations in the cost of stainless steel and electrical materials. Frontera Copper has arranged a $15,000,000 senior secured revolving credit facility with Standard Bank Plc to cover its additional expected increased capital and working capital requirements through to the commencement of production.

Effective July 12, 2006, Frontera Copper entered into an agreement with Gerald Metals, Inc., which provides for an off-take contract for the purchase of 100% of Piedras Verdes copper cathode from start-up through to December 31, 2010. Gerald Metals will market Piedras Verdes copper cathode through its international network of offices in the U.S., Mexico, and major overseas markets. Under the agreement, Gerald Metals will co-operate fully with Frontera Copper to rapidly achieve COMEX and LME brand registrations for Piedras Verdes copper cathode.

"Copper prices have averaged over $2.80 per lb so far this year as demand in all major markets remains robust, mine production by many major producers remains below expectations and investor participation in commodity markets remains strong," said Gary Loving, President and CEO of Frontera Copper Corporation. "All of these factors are contributing to the continuation of one of the highest price cycles for copper and other base metals in recent history. With our project reaching full production in the fourth quarter of 2006, Frontera Copper is well positioned to benefit from this strong commodity cycle."

About Frontera Copper

Frontera Copper was incorporated in March 2002 to purchase and bring into production the Piedras Verdes run-of-mine heap leach, SXEW copper project in Sonora, Mexico. Production is expected to commence early in the fourth quarter of 2006 at an annual rate of 70 million pounds of LME Grade A copper cathode. A total of 942 million pounds of copper is projected to be produced during the 18-year life of the project. Existing resources and prospective exploration targets adjacent to the main open-pit have the potential to improve the economics and extend the life of the project.

Information in this news release that is not current or historical factual information may constitute forward-looking information or statements within the meaning of applicable securities laws. Implicit in this information, particularly in respect of statements as to future operating results and economic performance of the Company, and resources and reserves at the Piedras Verdes Project, are assumptions regarding projected revenue and expense, copper prices and mining costs. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including risks relating to general economic conditions and mining operations, and could differ materially from what is currently expected. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[bmann025]

Antwort auf Beitrag Nr.: 23.452.807 von Supertubos am 15.08.06 11:57:36

die beiden kann man gut vergleichen, beide etwa mit den selben cash costs, etwa gleiche outputs (mercator phase 4) und grades.

die unterschiede:

- mercator ist in usa, frontera in mexico
- mercator ist um die hälfte billiger

[Wiewel2005]

Antwort auf Beitrag Nr.: 23.454.546 von bmann025 am 15.08.06 14:01:08

Nur, dass Frontera ende diesem Jahres 70 Mio Pfund produziert und Mercator trotz Akquisition nicht mehr als 8 Mio gebacken bekommt. Deswegen sage ich ja Mercator gehört auf die Watch und kann in einem Jahr noch mal ausgegraben werden. Phase 4 wird nicht vor Ende 2007 abgeschlossen sein und vorher geht da nix.

Frontera Cooper ..... Equinox Minerals..... Baja Mining kaufen
Mercator…… Constellation Cooper .... Northern Orion auf die Watch für in einem Jahr.

[bmann025]

Antwort auf Beitrag Nr.: 23.454.985 von Wiewel2005 am 15.08.06 14:32:58

wiewel,

falls ml ende 07 mit phase 4 beginnt, wird fcc zwar bereits 1 jahr produziert haben, aber mit der aktuellen verschuldung kaum besser dastehen als ml.

hinzu kommt mercators molyproduktion. insgesamt dürfte fcc 4 mal teurer sein (2mal marketkap, 2mal weil nur kupfer und nich cu/moly).


warum mercator die 15 mill kapazität noch nicht erreicht hat, hat mir marc leblanc von mercator freundlicherweise erklärt:


In response to your questions:

The current operation at Mineral Park is a leaching operation. When we mine new material, the ore is stacked on the leach pads, and the copper is leached out of the ore. With a leaching operation, you do not recover all or the recoverable amount of the contained metal in the month that the ore is placed on the pads when the leaching begins. The leach curve (time required to recover the contained metal) is approximately 350 days. Our recovery rate is presently approximately 70%, which means that we will not recover all of the contained metal in the ore that is mined, and that it will take approximately 350 days of continued leaching of the material to recover 70% of the contained copper. We do not leach the same fields continuously, rather we rest fields every couple of months and leach other fields that also have ore stacked on them, and as such, the time required to produce the maximum recoverable copper is longer than the 350 day leach curve. Fresh ore is continually stacked on the leach pads daily during the mining operation, thereby adding fresh ore and additional contained copper on top of previously mined material. The recoverable contained copper that is not produced and shipped during any period, is what makes up the in process inventory that is currently in the process of being converted to a saleable product. As you will see in Note 2 to the interim financial statements for the period ended June 30, 2006, we are presently reporting an estimated inventory of approximately 5 million pounds of in process copper inventory.
All saleable copper that is produced through the SX-EW plant is sold in the month produced. We do not store saleable copper production.
In order to achieve the 15 million pound capacity, we will need to stack additional ore on the pads, of sufficient quantity and grade, such that when leached, we achieve the 15 million annualized capacity. As stated above, the leach curve is approximately 350 days. While we completed the plant capacity expansion to 15 million pounds annualized in the spring, we need to continue to place large quantities of fresh ore on the leach pads. The combination of the increased ore to the pads, the grade of contained copper and the leach curve are factors which will affect achieving the production capacity. At any point in time, we may be leaching fields where mined material had been placed on the pads during prior months and quarters, and the quantity and grades may be greater or lesser than the material mined during the present quarter or months, and therefore, there may be fluctuations in production.
We are not currently high grading the material mined. With the open pit operation, we mine benches vertically, top to bottom, in the pit where mining operations are being conducted. Therefore, copper grade and content can vary from bench to bench, however, at present, grades are consistent.

I trust that this answers your questions. Please do not hesitate to contact me if you require further information or assistance.

Please advise if you would like to be placed on the Company’s electronic mailing list to receive future updates electronically.

Thank you and best regards.


Marc S. LeBlanc
Corporate Secretary
Phone: [phone]
Phone: [phone]
Phone: [phone]
Fax: [phone]
Email: [e-mail]
Website: http://www.mercatorminerals.com

[falcon23]

Antwort auf Beitrag Nr.: 23.471.168 von bmann025 am 16.08.06 17:51:12

beinhaltet aber nur eine vage Auskunft darüber, ob sie die 15 mill auch schaffen werden, oder habe ich etwas übersehen ?

[bmann025]

Antwort auf Beitrag Nr.: 23.549.797 von falcon23 am 21.08.06 19:48:51

ob die 15 mill die obergrenze oder der durchschnitt der vollen produktion ist, wird in zukunft eher zur akademischen frage, weil ja die vorbereitungen zur weiteren erweiterung parallel weiterlaufen.

siehe http://www.stockhouse.com/news/news.asp?newsid=3749861&tick=…


...The Company plans to relocate the recently purchased 20-30,000 ton per day concentrator to Mineral Park. A pre-feasibility study on this Phase 4 expansion is anticipated to be complete later this month...

...The Company has been informed that the first of two hydraulic shovels for the Phase 4 expansion is being shipped and is expected to arrive at the mine in July. The shovel is planned to be assembled and operational in August 2006....

[falcon23]

Antwort auf Beitrag Nr.: 23.550.484 von bmann025 am 21.08.06 20:31:26

hab ich doch was übersehen, ich dank Dir

[XIO]

--

[danatbank]

http://www.kitco.com/pr/1799/article_09052006072850.pdf

[Art Bechstein]

Antwort auf Beitrag Nr.: 23.770.150 von danatbank am 05.09.06 14:02:03

unglaublich

Cash Flow ab Vollast bei 37k tpd höher als die aktuelle Market Cap und NPV bei den mickrigen Metallpreisen von 1,4$ Copper und 16$ Moly bei ca. 6,5C$/Aktie - wenn man die 3,4$ und 28,5$ für Moly ansetzt kommt man auf dicke über 10$/Aktie NPV

Art

[Cutter_Slade]

Antwort auf Beitrag Nr.: 23.777.532 von Art Bechstein am 05.09.06 20:03:43

Hätte ich nicht gedacht, dass das Projekt so wirtschaftlich wird bei den niedrigen Graden, aber wie kommst du darauf, dass der cf höher als die MK ist (ich hab voll verwässert 68 Mio shares stehen -aus April oder so) ??

Gruß Cutter

[danatbank]

Extrapoliert man die Werte auf Seite 8, so errechnet sich
bei heutigen Metallpreisen ein NPV von ziemlich genau 2 Mrd.$.
Außerdem wird erwogen, in einer zweiten Stufe den troughput
auf 60kt/d zu erhöhen.

Anbei:
Eine Übersicht über alle copper mines/prospects in Arizona:
www.admmr.state.az.us/Info/mining_update2005.pdf

Wer will, kann sich auch mal Quadra Mining ansehen. Viel besser
als die vielgenannten CCU und FCU, obwohl auch die
unterbewertet sind. Op. Gewinn so hoch wie MK. Nach
Auslaufen eines katastrophalen Hedging-Programms in diesem
Quartal wird jener voll auf den Vorsteuergewinn durchschlagen. Bei
der voraussichtlichen Inbetriebnahme das Carlota-Projekts 2007
dürfte sich der Gewinn nochmal um die Hälfte erhöhen.

[Art Bechstein]

Antwort auf Beitrag Nr.: 23.779.810 von Cutter_Slade am 05.09.06 21:38:46

also ich rechne 110m lb copper equivalent zu 0,72$/lb cash cost. Bei 3$/lb copper, wäre der Cash Flow somit 2,28$/lb x 110m lb=250,8m US$ x 1,11 = 275,9C$ cash flow.

60,4m Aktien x 2,52C$ = 152,2m C$ Market Cap

Art

[Cutter_Slade]

Antwort auf Beitrag Nr.: 23.780.241 von Art Bechstein am 05.09.06 21:54:27

Achso, ich war jetzt noch bei dem cf aus der pre-feasibility...

Tja, wenn man wüßte, wie sich der Kupferpreis entwickelt....

Gruß Cutter

[Cutter_Slade]

Antwort auf Beitrag Nr.: 23.780.241 von Art Bechstein am 05.09.06 21:54:27

PS: Du bist wieder entsperrt ??
Schön, wieder von dir zu lesen.

Gruß Cutter

[alecx]

mal ne kleine frage: kennt einer von euch northern orion (NNO)? und was ist eurer meinung nach davon zu halten?

danke und gruß
alex

[Ebro]

Mercator Selects Contractor and Engineer for Mineral Park Copper-Moly Mine Mill Expansion

Kingman, Arizona September 18, 2006 – Mercator Minerals Ltd. (ML-TSX) today announced the selection of a contractor and engineer for the construction and expansion of the Mineral Park Copper-Moly mine..

Mercator has selected the contractor, Schmueser & Associates, Inc. of Rifle, Colorado (“Schmueser”) to be the prime constructor for the plus $100 million construction project.. Schmueser will provide general contracting services in the dismantling, move, installation, and expansion of the used concentrator purchased by Mercator in 2005, from its present location in Tucson to the Mineral Park Mine in Kingman, Arizona.

“Mercator solicited proposals from a number of contractors that were supplied with detailed specifications. The Schmueser bid was highly competitive on both cost and technical strength. Schmueser has a great depth of experience and we look forward to working with a contractor of Schmueser’s vast experience and outstanding reputation," Mercator's President and CEO, Mike Surratt, said.

The Company has also selected KD Engineering Co., Inc. of Tucson, Arizona (“KD”) as the engineer for the Mineral Park Copper-Moly mine mill expansion project. KD will provide detailed project engineering for the expansion of the mill from 20,000 tons per day to 37,000 tpd, including design of the Moly circuit.

“KD’s vast experience in copper metallurgy and concentrator design is well known in the industry. We are very pleased with the metallurgical work, technical assistance and engineering that KD has done over the last year and we are very pleased that they have agreed to continue to provide technical and engineering services for the expansion.” said Surratt.

The selection of the contractor and engineer for the Phase 4 expansion is another important step forward in the ramp up of copper production and the addition of moly and silver production at Mineral Park”, said Mike Surratt, the President and CEO of Mercator.

About Schmueser & Associates, Inc.

Schmueser & Associates, Inc. was founded in 1980, and is a direct hire industrial general contractor, providing civil, structural, mechanical, electrical and instrumentation construction services to the mining industry. Corporate offices are located in Rifle, Colorado, with branch offices in Winnemucca, Nevada, Wright, Wyoming and Florence, Montana.

Schmueser & Associates specializes in construction or process plants utilized to recover precious metals, base metals, coal, soda, ash, and other mined resources. Recently completed projects include the Lisbon Valley Mining Project near Moab, Utah, and major portions of the Phoenix Project for Newmont Mining Corporation near Battle Mountain, Utah. For additional information regarding Schmueser & Associates, Inc., visit their website at www.schmueser-inc.com.

About KD Engineering Co., Inc.

KD Engineering & Metcon Research were founded in 1982 by Mr. Joseph Keane P.E... KD Engineering is an international engineering consulting group that delivers a broad range of services including; metallurgical testing, engineering, process design, feasibility studies to N.I. 43-101, and construction management services. KD Engineering has extensive experience in the design of plants for the processing of ores containing gold, copper, zinc, molybdenum, uranium and other commodities, such as tungsten and tin. KD Engineering has a highly qualified and experienced, multi disciplined international engineering team, which provides expertise and exceptional service to many of the most prestigious companies in mining. Since it’s founding, KD Engineering has assisted hundreds of clients throughout the world by developing projects and installing processing plants with capacities in excess of 25,000 tons.

KD Engineering and Metcon Research corporate offices are located at 7701 N. Business Park Drive, Tucson, Arizona 85743.
Mercator Minerals Ltd.

Mercator Minerals is a copper producer that owns and operates the Mineral Park SX/EW Copper Mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. Mercator, in its September 5, 2006, news release, announced positive results from an independent technical study for the expansion of its wholly owned Mineral Park copper mine to a 37,000 ton-per-day milling operation producing copper- silver and molybdenum concentrates in parallel with its current SX/EW copper production. The Company has filed a technical study for an expansion of increased copper production plus molybdenum, and silver production.

On Behalf of the Board of Directors
MERCATOR MINERALS LTD.

Per: “Michael L. Surratt” Michael L. Surratt, President

Ebro

[bmann025]

alle 5 minuten 100 aktien...?

[bmann025]

einfach unglaublich
http://www.stockhouse.com/news/news.asp?newsid=3908635&tick=…

[Art Bechstein]

Antwort auf Beitrag Nr.: 24.195.405 von bmann025 am 25.09.06 21:45:01

ist nicht ungefährlich die Sache. Solche Vermögensveräußerungen unmittelbar vor dem Eintritt in die Insolvenz = Gläubigerschutz sind sehr heikel, weil immer der Verdacht der Übervorteilung von Gläubigern im Raum steht. Bin mal gespannt, wie das ausgeht.

Art

[Olel]

Antwort auf Beitrag Nr.: 24.195.612 von Art Bechstein am 25.09.06 21:52:59

Hmm, eigentlich dachte ich, ich sei der englischen Sprache einigermaßen mächtig, aber der Artikel ist mir etwas juralastig.

Ich verstehe das soweit, dass Mineral vor über einem Jahr eine Mühle von ASACRCO gekauft hat und die jetzt meinen, dass sie den Verkauf doch nicht so toll fanden.

Aber was hat das jetzt mit Vermögensveräußerung vor Insolvenz zu tun? War ASARCO zum Zeitpunkt des Verkaufs kurz davor?

Wäre nett, wenn jemand ein paar erklärende Sätze schreiben könnte und einen kurzen Ausblick zu möglichen Szenarien für die Zukunft diesbezüglich.

Die Kanadier haben heute auch etwas irritiert reagiert. Zwischenzeitlich 10% runter, dann aber plus minus Null geschlossen.

Danke,
Ole

[Ebro]

Antwort auf Beitrag Nr.: 24.196.208 von Olel am 25.09.06 22:26:19

Mehr Informationen morgen auf dem Conference Call:

Mercator to Hold Conference Call to Discuss ASARCO LLC's Mission South Mill Litigation
9/25/2006
KINGMAN, AZ, Sep. 25, 2006 (Canada NewsWire via COMTEX News Network) --

Mercator Minerals Ltd. (ML-TSX) has scheduled a conference call for Tuesday, September 26, 2006, at 8 a.m. Pacific Time to discuss the Company's news release disseminated earlier today in connection with the litigation commenced by ASARCO LLC in respect of the purchase by Mercator in July 2005 from ASARCO of the Mission South Mill. Individuals who wish to participate in the conference call should dial, for United States/Canada, [phone] or, internationally, [phone] approximately five to 10 minutes prior to the scheduled start time of the call. The conference ID for this call is 1362645.

The conference call, and all questions and answers will be recorded and made available until October 3, 2006. To listen to the recording, call [phone] or [phone] and enter conference ID 1362645.

The conference call will be webcast live as well as for on-demand listening at the Company's website. Listeners may access the call through the "conference calls" link in the investor relations section of the site.

Mercator Minerals Ltd.

Ebro

[Art Bechstein]

Antwort auf Beitrag Nr.: 24.196.208 von Olel am 25.09.06 22:26:19

habe das gerad auf Stockhouse gelesen und genau darum geht es hier:

Die haben die Mill 1 Monat vor der Insolvenz verkauft....ich habe mal geschaut; ASACRO hatte schon das ganze Jahr vorher Probleme und mußte für mehrere Töchter Insolvenz anmelden. Das könnte auch eine Rolle spielen...

"Actually, the legal issue here is the one-year time frame for conveying assets prior to declaring bankruptcy. This law is in place to prevent fraudulent conveyances, where a company or individual transfers assets for less than market value to another company or individual, sometimes with the understanding that the asset will be returned following disposition of the bankruptcy. Asarco will have to prove to the judge that fair market value was not obtained, or that some behind-the-scenes dealing occurred. I think that will be a slam-dunk for ML, unless there is some hard evidence.
Many investors will remember that Enron paid millions in bonuses to 200 top employees just 3 days before declaring bankruptcy - clearly a last-ditch attempt to profit from Enron , or maybe as hush money, in some cases. OT, my younger brother, an Enron VP, was one of the 200, and paid his bonus back following litigation. He was not involved with any of Enron's misdealings, and is working for another top 100 company now. Funny thing is that I found out about it on the Internet - I guess it's not exactly something you share at family gatherings. "

[bmann025]

http://www.asarco.com/AMDC/mine_tours.html

ist die mine jetzt eigentlich geschlossen...?
asarco sucht 7 mill repair helper...?
http://tbe.taleo.net/NA1/ats/careers/searchResults.jsp?org=A…

[Art Bechstein]

Antwort auf Beitrag Nr.: 24.196.683 von bmann025 am 25.09.06 23:10:27

wieso sollte denn die Mine geschlossen sein?

[bmann025]

Antwort auf Beitrag Nr.: 24.196.763 von Art Bechstein am 25.09.06 23:20:41

geht offenbar weiter trotz insolvenz und verkauf einer mühle...

hängt der weiterbetrieb der mission mine vom verbleib der mühle ab...?

...Plant facilities: The Complex currently is operating one mill with crushing, grinding and flotation facilities, warehouse, maintenance and administrative areas. A second mill is under care and maintenance...

http://www.asarco.com/mission.html

[Olel]

Antwort auf Beitrag Nr.: 24.200.983 von bmann025 am 26.09.06 06:25:03

@bmann025

Ähm, kann es sein, dass Du da etwas falsch verstanden hast? Nicht Mercator ist insolvent, sondern Asarco. Vielleicht hast Du das ja auch so gemeint, aber nur noch mal zur Klarstellung damit hier nicht jemand was missdeutet.

@Art
Danke für die Erläuterung.

[danatbank]

Rein juristisch gesehen hat die Klage keine Handhabe, da zu
der damaligen Zeit der Marktpreis erzielt wurde und die mill
nicht unter der Hand verschoben wurde.

Tatsächlich sind die USA aber ebensowenig ein Rechtsstaat wie
eine Demokratie, und es wäre nicht das erste Mal, daß durch
rhetorisch-konstruierte Beweisführung & Lobbying das Rechtssystem
pervertiert wird.

[bmann025]

Antwort auf Beitrag Nr.: 24.208.824 von danatbank am 26.09.06 14:47:13

das recht auf eigentum wird in usa sicher eher respektiert als bei uns.

hierzulande hat man ja für die enteignung von sparern, steuerzahlern, vermietern etc. den begriff soziale gerechtigkeit erfunden. dafür wird bei uns täterschutz großgeschrieben.

und stünde die mühle in bochum würde sie 100% von den arbeitern einfach nicht herausgegeben.

[bmann025]

da sitzt gerade ein ziemlich dämlicher verkäufer in usa.

der seit tagen zu beobachtende alle-5-minuten-100-stück-käufer knabbert den posten ganz langsam ab, wobei er das wohl auch tun würde, wenn das ask einiges höher gesetzt wäre.

[danatbank]

OT: Pacifica Resources (>50 Mrd. lbs Zn, >20 Mrd. lbs Pb)

Sind die hier jemandem bekannt? Das Unternehmen, ehemals Teil
von Expatriate Resources, hält die gigantische Howard´s Pass
Zink-Blei-Lagerstätte an der Grenze Yukon/Northwestern Territories
mit nach eigenen Angaben (non 43-101 compliant) 100 Mrd.$ IGV
bei 65 Mio. MK. Dies entspricht ca. 10% der weltweiten Zink- und
Bleireserven. Nach einem gerade abgeschlossenen private placement
sollen die historischen Ressourcen hochgestuft und die Grenzen des
Distrikts abgeschätzt werden.

http://www.pacifica-resources.com/gfx/Zn-SEDEX-Chart---2005-…

[Cutter_Slade]

Antwort auf Beitrag Nr.: 24.576.187 von danatbank am 12.10.06 12:14:09

OT: Ja, hab ich im Depot...

Gruß Cutter

[Wiewel2005]

Die Ressourcen sind wirklich toll, aber worauf spekuliert man denn nun bei dem Wert.... in 2006 und 2007 wird weiter gebohrt und geschaut ob man tatsächlich 400 Mio. Tonnen nachweisen kann um den 40 t per day plan zu füttern. Aber ich meine in welcher Dimension soll denn dann erst die Produktion starten 2012 oder 2014 oder noch später? Erinnert mich an Northern Dynasty, wer die kennt weiss, dass die 360 Milliarden in ground value haben und kosten auch nur 350 Mio. Marktkapitalisierung. So ist das halt, der markt will cashflow und Produktion riechen ab einem bestimmten level ist es doch völlig egal ob es noch mal 5 Milliarden mehr oder weniger dollar in ground value sind. Cutter du kennst das doch schon von Sabina silver, da bringen auch neue tolle Bohrresultate den Kurs nicht weiter weile einfach schon extrem viele Ressourcen nachgewiesen sind und die jetzt mal lieber Cashflow Pläne an die Anleger bringen sollten. Auf soeinen Zeithorizont zu spekulieren ist doch das höchste LEvel an Spekulation. Das ist doch ne ganz simple Rechnung je höher der Rohstoffpreis umso mehr Firmen könne profitabel produzieren und machen es auch, um so mehr produzieren, desto überfüllter wird das Angebot. Irgendwann ist es auch soweit dann krachen die Rohstoffpreise wieder runter fast alle gehen wie schon 2001 nacheinander wieder insolvent und das Angebot bricht wieder ein und der Spaß beginnt von neuem. Das hatten wir doch alles schon mal .....

[Art Bechstein]

Antwort auf Beitrag Nr.: 24.613.884 von Wiewel2005 am 14.10.06 10:04:33

Wiewel2005,

könntest Du mir einen Gefallen tun und künftig solche Beiträge mit

OT

beginnen, damit nicht so erfahrene Leser sofort sehen, dass es im Beitrag nicht um den Wert Mercator Minerals geht.

Danke dafür

Art

[danatbank]

Art, entschuldige, daß ich den Thread zumülle. Ich bin auf
der Suche nach vergleichbar unterbewerteten Titeln wie ML und
glaube dann hier die interessiertesten Mitleser zu finden.

OT

@Wiewel2005,

Produktionsstart ist für 2012 geplant. Bei NDM (Start voraussichtlich
2013) liegt m.W. der IGV etwas niedriger und MK etwas höher, die
Größenordnung stimmt aber. Aber gerade NDM hat ja eine Verzehnfachung
hingelegt nur aufgrund der Ressourcenupdates und des Einstiegs von Rio
Tinto bei fortwährenden umweltrechtlichen Problemen.

Außerdem glaube ich nicht an diese Angebotsschwemme, nicht bei Kupfer
und noch weniger bei Zink. Sie ist praktisch nur möglich bei einer
weltweiten Rezession, die ich in nächster Zeit aber nur dann für möglich
erachte, wenn die Notenbanken vorsätzlich die Konjunktur abwürgen.

Gerade bei Zink gibt es einfach nicht so viele Projekte, um die
Nachfrage langfristig zu decken. Schau Dir mal folgende Quelle an:

http://www.yukonzinc.com/documents/Zinc_Overview_Aug28_web.p…

50% der Zinkproduktion sind in den nächsten 10 Jahren erschöpft und
90% in den nächsten 20 Jahren. Die Liste neuer Projekte ist auch nicht
sonderlich eindrucksvoll:

San Cristobal: mine life 16a
Cerro Lindo: mine life 14a
Duck pond: 7a
Perkoa: 14a
Aljustrel: 10a
Antamina (remaining): 11a
Lennard Shelf: 3-4a

In den nächsten 10 Jahren werden sämtliche Zink-Großprojekte auf den
Markt gebracht werden:

Howards Pass 2012
Mehdiabad 2011
Ozernoe 2009
Dugald Creek 2010
Gamsberg 2011
Kholodnenskoye
Ambler
Kipushi

Zusammen ergibt das 2,7 Mtpy, mit vielleicht noch mal derselben Summe bei
kleineren Projekten.

Gleichzeitig errechnen sich in den nächsten zehn Jahren durch
Nachfragewachstum (sagen wir mal 3% pro Jahr) und Minenschließungen (5
Mio.t) ca. 9 Mio.t zusätzlichen Bedarfs an neuen Minen.

Hinzu kommt, daß die o.g. Megaprojekte seid Jahrzehnten bekannt sind
und die Zinkexploration seitdem sehr wenig zu Tage gefördert hat:

http://www.bhpbilliton.com/bbContentRepository/Presentations…
Seite 9

Ergo ist mit Peak Zinc ungefähr im Jahre 2013 zu rechnen, wenn die
genannten Mega-Projekte in Produktion genommen sind und die Produktion
des Altbestandes an Minen sich um 500 ktpy verringert.

Infolge Peak Zinc kann Zink in astronomische Höhen schnellen:
2015 5$/lbs halte ich für im Rahmen des möglichen. Andererseits
dürfte das Abwärtspotential nur bis zu den gestiegenen
Grenzkosten von ca. 90c/lbs begrenzt sein.

@Cutter_Slade

Hey, wir scheinen eine ähnlichen Geschmack zu haben. Meinen größten
Positionen sind derzeit:
ML, BQI, PAX, BAJ, ARU.AX
Wenn Du noch mehr ähnlich extrem unterbewertete Titel kennst, immer her
damit.

[danatbank]

...Möglichen...

[Art Bechstein]

Antwort auf Beitrag Nr.: 24.614.656 von danatbank am 14.10.06 12:46:08

Danat,

das stört mich überhaupt nicht - im Gegenteil, wenn es so schön sachlich bleibt.

Du hast Dich ja selbst an die Kennzeichnung mit OT gehalten, nur sollten das dann alle tun, sonst wird es wirklich chaotisch.

Art

[XIO]

Antwort auf Beitrag Nr.: 24.614.656 von danatbank am 14.10.06 12:46:08

machen wir doch mal `nen allgemeinen Moly Thread auf?
Ich hä
tte auch noch ein paar generrelle Fragen, auch zu anderen Kandidaten,will hier aber nicht zumüllen.

[Cutter_Slade]

Antwort auf Beitrag Nr.: 24.613.884 von Wiewel2005 am 14.10.06 10:04:33

Auch wieder OT, aber ein thread soll ja auch ein wenig zum allgemeinen Austausch diesen...

Um das ordentlich begründen zu können, müsste ich eigentlich etwas mehr ausholen, auch bzgl. meiner Erfahrungen und meines Rohstoff-Investmentstils…
Vielleicht soviel: Als ich (leider erst) Mitte vorigen Jahres anfing, im Rohstoffsektor zu investieren, hatte ich keine Vorstellung, wo die Rohstoffpreise hinlaufen (können) und wollte mich demzufolge auch nicht vom Preisanstieg abhängig machen, sondern auf die Unternehmensentwicklung setzen. Und mein Depot war zu klein zum Diversifizieren. Also keine grassroots und keine Produzenten, sondern „development“. Die Strategie ging nur bedingt auf, die Rohstoffpreise und die Produzenten stiegen, und ich musste meine optimistischen (man kann auch sagen naiven) Vorstellungen über die Entwicklungsdauer derartiger Projekte revidieren.
Und nun, ein Jahr später ? Die Rohstoffpreise haben sich verdoppelt – jetzt noch Produzenten ? Oder ein paar Dutzend Frühstadien / grassroots in der Hoffnung auf den großen Fund ? Oder eine differenzierte Strategie, aber immer mit dem Blick auf entweder a) den Übergang zur oder die deutliche Ausweitung der Produktion oder vom Markt vernachlässigte Projekte mit einem ausgeprägten Chance-Risiko-Profil – aber auch einem mindestens „erahnbaren“ Weg, wie dieses Potential realisierbar ist ?
Da ich für die Zink-Preis-Entwicklung (bzw. Stabilität) optimistischer bin als bspw. für Kupfer (hier habe ich zur „Absicherung“ sogar short-Zertifikate), bin ich hier „produktionsferner“ aufgestellt, setze aber bei PAX durchaus auf einen NDM-Effekt (diese MK würde mir in 2-3 Jahren - trotz Verwässerung - durchaus genügen mit den beiden Optionen des Einstiegs der Chinesen oder doch noch eines der „Großen“ (wäre mir lieber, ein solches Gebiet ohne entsprechende Erfahrung zu entwickeln grenzt doch etwas an vabanque).
Das kann im Zweifelsfall dann durchaus eine längere Wartezeit bedeuten. Aber das bedeutet ja nicht, dass ich mein ganzes Depot so (langfristig) ausgerichtet habe.
Ansonsten hat danatbank auch schon einiges geschrieben, ich denke so langsam, dass alle nur auf Kupfer geschaut haben und Zink unterschätzt…
Ich habe leider nicht so viel Zeit zum Recherchieren und mich in letzter Zeit mehr um Kupfer gekümmert, und so ist mir – außer Wolfden – einfach noch kein interessanter Zinkwert aufgefallen, der in den nächsten Jahren mit einem (auf aktueller Basis) MK / cf- Verhältnis unter 0,5 in Produktion gehen kann. Wenn du / ihr natürlich einen (kleinen) Produzenten kennt, der niedrig bewertet ist, aber in nächster Zeit die Produktion massiv ausweitet, würde ich wohl auch dazu nicht nein sagen.
Da kommt übrigens noch ein anderes Problem bei mir dazu: ich hab irgendwie ‚ne innere Blockade, „teure“ Werte mit mehr als so 150 / 200 Mio USD MK zu kaufen… Und welcher „richtige“ Basismetallproduzent liegt schon darunter… ?

Gruß Cutter

PS: Sabina hat m.M.n. das Problem, dass noch niemand weiß, wie viel dort wirklich investiert werden muss, und ob mit eigenem Hafen oder mit anderen zusammen ect. pp. Was nützen 40 oder 50 Mio t, wenn man sie nicht abtransportieren kann. Da schaut der Markt wirklich schon mal auf das „wie-weiter“ …

[Cutter_Slade]

Antwort auf Beitrag Nr.: 24.614.656 von danatbank am 14.10.06 12:46:08

Nochmal OT, und dann sollten wir vielleicht einen allgemeineren thread aufmachen, es sei denn, Art stimmt dieder doch nun stärkeren "Vewässerung" ausdrücklich zu: Mir ist nur ein Wert bekannt, der noch eine deutlich größere Unterbewertung aufweist, und das ist Ascendant Copper in Ecuador. Ohne jetzt noch mal nachgeschlagen zu haben: knapp 1 Mrd. t Gestein mit 0,9% Kupfer (also etwa 20 Mrd. lbs), und etwas Moly (so etwa 0,05%) und Silber. Den Wert kannst du je nach eigenen Rohstoffpreisvorstellungen selbst ausrechnen, MK voll verwässert nach meinen Unterlagen 26 Mio USD !! Der Haken: massive Proteste der lokalen Bevölkerung bis hin zum Abbrennen von Gebäuden des camps, Umweltbedenken und Anfechtung der Übertragung der Rechte an dem Projekt. There's no free lunch...
Ansonsten kenne ich noch ein paar Cu-Werte mit ähnlichem Verhältnis (je nachdem, was man als Resource definiert) von MK und in-gound-value wie PAX:
Copper Fox - CUU.V - 870 Mio t mit 0,5% Cu; MK FD ca. 32 Mio USD (Teck hat back-in-Rechte)
Sheffield Resources - SLD.V - 240 Mio t mit 0,4% Cu, 5 g Ag und 20 ppm Moly; MK FD 6,7 Mio USD (Aktienzahl aber aus Mai, Resource kann lt. Fa. bis zu 600 Mio t Gestein betragen können, hab ich aber so meine Zweifel).
Astron Resources - ARC.V - 354 Mio t mit 0,5% Cu + 12 Mio t mit 3,5% sowie 100 Mio t Eisenerz bei 21 Mio USD (auf aktuell ausstehender Basis)
Jeweils historische Werte, nicht 43-101.
Irgendwo gab's auf Labrador oder so glaube ich auch ein Eisenerz-Projekt mit 2-3 Mrd. t und niedriger MK (inkl. scoping / prefeas), aber ich finde den Wert nicht mehr.

Ansonsten sind meine derzeitigen größten Positionen: BAJ, NOC, PAX und WLF, bis vor kurzem noch SKR, aber auf die Hälfte abgebaut.
Warum nicht ML ? Wie gesagt, ich sehe eher den Cu- (als den Zn-) Preis "abschmieren". Und da sind meiner Auswahl alle Cu-Werte mit niedrigen Metallgehalten unter 0,5% resp. einem pre-tax-cf / MK-Verhältnis von über 1 (bei Cu 1,65 USD/lbs, abhängig natürlich auch vom geplanten Produktionsbeginn und Investvolumen) zum Opfer gefallen. Ist etwas schizophren, ich weiß, wenn Cu fällt, fallen auch die höhergradigen Werte (aber dafür habe ich den Short), und während ML produziert, weiß man nicht, ob (etwas) höhergradige dann noch in Produktion gehen werden... Aber irgendwo musste ich den cut setzen, und mein Depot ist nicht so groß um es über alle Metalle und noch 4 oder mehr Werte zu diversifizieren.

Gruß Cutter

[Statistix]

OT - Tsja wo wir hier ein erfahrene Gilde von "Minern" haben. Hätte ich da auch noch einen Roca Mines. rok.v. Die sollten Produktionsstart im Januar 2007 haben und sind ein reiner Molyproduzent. Besonderer Charme ist, daß sie eine High Grade Zone haben, die sie für um die $5 Cash Costs wohl produzieren wollen. Wenn diese erschöpft ist haben sie mit dem intern generierten Cashflow die Large-Scale Operation angeschmissen. Angepeilt für 2007 sind 3 mmlb. Das wäre 1x cf für 2007.
Als Zink Plays hätte ich da den Produzenten hbm.to zu bieten. Naja schaun mer mal.

Bei ML sehe ich immer noch gespannt zu, frage mich wann ich wieder aufbauen sollte.

[bmann025]

hier gehts zur präsentation vom 17.10 in london.
folien + sprache, es geht auch über den stand der dinge mit der mühle

http://origin.vcall.com/CustomEvent/conferences/sachs/101706…

[XIO]

OT
Moly Mines http://www1.molymines.com aus Australien relativ frisch am TSX gelistet.
http://www.stockhouse.ca/comp_info.asp?symbol=MYMNF&table=LI…
Hier deutsche Präsentation: http://www1.molymines.com/documents/4/11/MOL_CompanyUpdatePr…

[XIO]

OT
Zufälligerweise bin ich in einer Firma drin, die da 4% hält.
http://www.miningnews.net/storyview.asp?storyid=67628§io…

[Warren7]

Ergebnis update + Verfahrensnews zur "Insolvenz" in der Summe mit 10% Minus aus dem Handel

[alecx]

und jetzt? mühle bald weg. 1 mio pfund kupfer im oktober produziert, macht ja nicht grad viel auf das jahr hochgerechnet.
ml=sell oder was meint ihr?

[danatbank]

Ich weiß zwar nicht, wie es euch geht, aber ich fühle mich von der
korrupten US-Justiz ausgelündert.

[bmann025]

[Olel]

Sehr schön, am Freitag blieb ein SK von 2,80 AUD stehen: +18.14%.

Ich hab allerdings keine News gefunden. Hat sich was bezüglich der Mühle getan? Mal schauen was heute oder morgen so passiert.

Gruß,
Ole

[Olel]

Mercator befindet sich in den letzten Wochen in einem ständigen auf und ab. Das Ergebnis einer relativ nachrichtenlosen Zeit.

Die letzte Meldung war vom 11. Dezember 2006. Darin wurde der Kauf einer gebrauchten Mill bekannt gegeben, die nun ab Februar 2007 restauriert werden soll und dann für die Phase 4 genutzt werden soll. Diese Mill soll dann wohl (erstmal) die Mill ersetzen, über die man sich jetz vor Gericht streitet.
Zu dem Verlauf des Prozesses gibt es aber nichts neues. Ich habe heute mal bei Mercator per Mail nachgefragt und warte auf eine Antwort.

Neben den Streiterein um die Mill sind wohl auch die fallenden Kupferpreise ein Hemmfaktor für den Aktienkurs von ML. Dennoch sollte es eigentlich spätestens dann wieder aufwärts gehen, wenn ML in die Phase 4 eintritt.

Warten wir es ab.

Gruß,
Ole

[Olel]

Antwort auf Beitrag Nr.: 26.670.115 von Olel am 04.01.07 11:54:43

Heute ist die Antwort von Marc LeBlanc auf meine Frage nach dem Stand des Prozesses gekommen.

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

thank you for your e-mail. I apologize for the delay in responding, I have been occupied with the preparation of the updated technical report.

The Company’s leave to appeal has been granted, and the Federal appellate court will hear the appeal mid January. The trial in the Bankruptcy court to determine the status of the purchase and sale agreement is set for the end of February.

As was stated in our December 11 news release, due to the delays that the litigation inflicted on the Company, we have initiated an alternate plan, with the use of different equipment, in order to maintain the expansion timeline. The purchase of the used SAG mills and the ordering of the ball mills take care of certain of the long lead items.

Additional information will be disseminated on the litigation and the status and progress of the Phase 4 expansion as details become available.

[Olel]

Jawoll!
Das sind wirklich ausgesprochen erfreuliche News, die ML da heute verkündet hat!

Pre-Feasibility Technical Report: http://tsedb.globeinvestor.com/servlet/WireFeedRedirect?cf=G…

Meine Highlights (in Klammern jeweils der Vergleich zum Technical Report von 09/2006):


- Two stage development with Stage 1 production at 25,000 tpd and a
Stage 2 expansion to 50,000 tpd after one year of operations (up
from 37,000 tpd);
- $426 million after-tax net present value at an 8% discount rat
(up from $407 million);
- Production averaging 56.4 million pounds of copper, 10.3 million
lbs of molybdenum and 0.6 million ounces of silver per year over
the first 10 years of operation (28% higher than previously
estimated);
- Average of $55 million in operating cash flow per year, after
taxes, over the first 10 years of operations;

Und das lässt es sich Mercator auch nicht nehmen heute mal +9,2% zu steigen.

Ole

[Wiewel2005]

*Lesezeichen*

[Wiewel2005]

Mercator Minerals Ltd (C:ML)
Shares Issued 62,888,700
Last Close 1/15/2007 $2.65
Monday January 15 2007 - News Release

Mr. Michael Surratt reports

MERCATOR ANNOUNCES PRELIMINARY SHORT FORM PROSPECTUS FOR DEBT AND EQUITY OFFERING

Mercator Minerals Ltd. has obtained a receipt for the filing of a preliminary short form prospectus dated Jan. 15, 2007, in the provinces of British Columbia, Alberta and Ontario in respect of an offering of common shares and units.

Each unit will consist of one secured note in the principal amount of $1,000 (U.S.) and 50 common share purchase warrants. The notes will bear interest at the rate of 11.5 per cent per year, payable semi-annually, and will mature five years and one day following closing. Each warrant will entitle the holder to purchase one additional common share of the corporation at a price of $4.00 per share for five years and one day after closing.

Under the offering, up to 100,000 units will be offered at a price of $980 (U.S.) per unit, for total proceeds of up to $98-million (U.S.). The amount and issue price of the common shares under the offering will be determined at the time of the filing of the final short form prospectus. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the acceptance of the Toronto Stock Exchange.

The offering is expected to close on or about Feb. 15, 2007. The offering will be conducted on a best-efforts agency basis. Jennings Capital Inc. is the lead agent of the syndicate that includes Laurentian Bank Securities Inc. and Acumen Capital Finance Partners Limited. The agents will be granted an option to purchase up to 15 per cent of the number of common shares sold and up to 15 per cent of the number of units sold to cover overallotments, if any.

In consideration for the services to be rendered by the agents under the offering, the agents will receive a cash commission of 6 per cent of the gross proceeds of the common shares sold, agents' warrants to purchase up to 6 per cent of the common shares sold, exercisable at the issue price for the common shares for a period of 24 months from closing, and a cash commission of 4 per cent of the principal amount of the notes sold.

The corporation plans to use the proceeds of the offering to finance the expansion of the Mineral Park copper mine near Kingman, Ariz., and for other general corporate purposes.

© 2007 Canjex Publishing Ltd.

[Wiewel2005]

Antwort auf Beitrag Nr.: 26.963.336 von Wiewel2005 am 16.01.07 18:50:12

Sehe ich das richtig ?

Diese Anleihe ist für Mercator bei 11,5 % Zinsen pro jahr mächtig teuer, aber für die Aktienstruktur mit minimaler Verwässerung absolut perfekt. Diese ist maximal 5 mio aktien (100,000 x 50= 5.000.000) über die nächsten 5 jahre.

Also werden alle für 5 Jahre ihre secured notes mit 11,5 % zinsen laufen lassen. Darüber hinaus in dieser Zeit auch Stepp by Stepp ihre Option zum Kauf von ML shares zu 4 Dollar wahrnehmen.

P.S. kann ich da auch dran partizipieren ich will auch ne Anleihe mit 11,5% Zinsen inklusive Option ML zwischen Feb 2007 und Feb 2012 zu 4 Dollar zu kaufen.

[Warren7]

3,5

ohne neue Meldungen?

[Asynchronmaschine]

[Wiewel2005]

Antwort auf Beitrag Nr.: 27.490.000 von Warren7 am 07.02.07 17:11:13

und ohne mich

[Olel]

Antwort auf Beitrag Nr.: 27.490.000 von Warren7 am 07.02.07 17:11:13

Nein, mit neuen Meldungen: Final Terms To Financing

@Wiewel2005
Wieso ohne Dich? Du warst doch kürzlich noch investiert und seitdem gab es doch eigentlich keinen Grund zu verkaufen.

Gruß,
Ole

[Warren7]

Antwort auf Beitrag Nr.: 27.504.134 von Olel am 08.02.07 09:43:44

Danke Olel

aber sorry was ist der wesentliche Unterschied zu Wiewel´s "Meldung" vom 16.01.2006

[Wiewel2005]

Antwort auf Beitrag Nr.: 27.504.134 von Olel am 08.02.07 09:43:44

ich hatte noch nie ML, kann erst seit 1 monat mit nordnet auch in kanada handeln. Das wollte ich auch tun, aber das aufsteigende Dreieck wurde durch die Hammernews am 8.1 07 gebrochen und ich bin nicht mehr zum 5ten Bodentest reingekommen. Ich habs vermasselt, hinterherlaufen werde ich nicht. Für mich war/ist ML nur immer (seit 1,5 Jahren) eine der am meisten unter dem Radar fliegenden hammerstorys.

Gewartet hatte ich auch ganz klar auf die Finanzierung mit der ich sehr zufrieden bin.

[Olel]

Antwort auf Beitrag Nr.: 27.504.228 von Warren7 am 08.02.07 09:48:03

Inhaltlich ist kein Unterschied zu erkennen. Ich denke der wesentliche Unterschied ist, dass es am 15.01. ein "so wollen wir es machen" war und jetzt ein "so werden wir es machen" ist.

Gruß,
Ole

[Olel]

Antwort auf Beitrag Nr.: 27.523.544 von Wiewel2005 am 08.02.07 19:53:49

Ach so. Und ich dachte, Du wärst schon eingestiegen. Naja, gelegentlich hat man das halt, dass man immer gerade ein bisschen zu spät ist. Aber hinterlaufen ist tatsächlich meist die falsche Lösung.

Gruß,
Ole

[Asynchronmaschine]

3,5

[bmann025]

Antwort auf Beitrag Nr.: 27.692.424 von Asynchronmaschine am 13.02.07 22:27:38

bid/ask
3.56 (2) / 4.33 (12)

[Asynchronmaschine]

RT 3,56/3,66
letzter umsatz 1500 zu 3,66
bei gesamt 306.000 stück

[alecx]

Hallo Leute,

bin ja hier auch schon etwas länger drin, hab jetzt aber mal eine frage an die profis unter euch: ich musste letztens feststellen, das sich das wechselkursverhältnis zwischen cad und eur dramatisch geändert hat, was mir an der performance und am gewinn von ml einiges nimmt. was tut ihr dagegen? optionen, hinnehmen, oder was ganz anderes? wäre echt dankbar über ne antwort.

viele grüße
alex

ps: ich habe auch einige aktien in dollar, da habe ich das selbe problem...

[alecx]

keiner eine idee?

[Asynchronmaschine]

das musst du alleine entscheiden
ich denke, die vergangenen und zukünftigen ML kursgewinne lassen die währungsverluste gering erscheinen

hier etwas lektüre

http://www.stockinterview.com/molybdenum.html

[Asynchronmaschine]

Mühlen News
Asarco seeks OK for buyback
Wants Bankruptcy Court to let it regain key mill at Mission mine
By Richard Ducote
ARIZONA DAILY STAR
Tucson, Arizona | Published: 02.28.2007
advertisement
Asarco LLC wants Bankruptcy Court approval today to buy back a critical component at its Mission mine near Sahuarita.
The Tucson-based copper producer is asking the judge in its complex Chapter 11 case to approve a settlement with Mercator Minerals Ltd. under which Asarco would pay $9 million to get back the mill it sold to Mercator for $6 million less than two years ago.
Just weeks before Asarco's Chapter 11 filing in August 2005, Mercator paid $6 million for the "south mill" at Mission, the smaller of two mills on the property that crush ore and produce copper concentrate, the powdery, gray material that is shipped to smelters.
The south mill, built in 1972, still sits on the Mission property but was due to be dismantled and shipped to Mercator's Mineral Park copper mine near Kingman.
Late last year, Mercator said it would buy new components for Mineral Park while continuing to pursue the dispute with Asarco, which went to U.S. Bankruptcy Court in Corpus Christi, Texas, to reverse the sale.
Mineral Park is the only operating property for Vancouver, B.C.-based Mercator, which plans to expand copper output and begin producing molybdenum at the Kingman-area mine next year.
"This is the final step in getting Mission back to full potential" of nearly 200 million pounds of copper annually, said John Low, vice president of mining operations for Asarco.
If the court approves the settlement with Mercator, the south mill could be refurbished and put back on line at Mission by the fourth quarter of this year, Low said. The south mill, idle for five years, could boost Mission's current production capacity by 50 percent, he added.
Increasing production would require more workers, Low said, but he could not estimate how many people might be added to Mission's current payroll of 443.
Also today in the Bankruptcy Court in Texas, Judge Richard S. Schmidt is set to consider approval of the collective-bargaining agreement reached between Asarco and the United Steelworkers and other unions covering more than 1,500 hourly workers in Arizona and Texas.
Asarco parent Grupo Mexico has objected to the new labor agreement as giving the unions too much influence over Asarco's financial reorganization. But Asarco management, under Bankruptcy Court direction, is insulated from Grupo Mexico's direct control.
The new labor pact won approval from union members by a wide margin and calls for a $3,000 ratification bonus for each worker, wage increases of $3 an hour over the life of the contract through June 2010 and bonuses tied to copper prices above $1.60 a pound.
Comex spot copper closed at $2.81 a pound Tuesday, down nearly 5 cents on the day.

[Asynchronmaschine]

China shock hits global ferromoly consumers scrambling for offers

Tokyo (Platts)--1Mar2007
"China shock" has hit ferromoly consumers worldwide, scrambling to obtain
firm sell offers, sources in Japan and South Korea told Platts on Thursday.
The Chinese government is expected to impose a quota on molybdenum oxide
and ferromolybdenum exports in the first half of this year. There has been no
official announcement on the system yet, but consumers, notably those in
Europe, are rushing to build up their inventories. Some Japanese consumers
have also been affected.
One Japanese trader said he had around 100 mt of molybdenum materials
stored in warehouses in Europe and they sold out. A Korean trader said he has
heard that ferromoly stocks in Rotterdam warehouses have decreased to the
volume equivalent to 15 days of consumption. There was no supply disruptions
at plants around Europe, and there was no sudden surge in the ferromoly
consumption levels, but the buying frenzy flared up.
"This is not normal," said one Japanese trader, citing that most European
consumers in the steel sector use moly oxide rather than ferromoly.
"This is because if China implements the quota, there is no way for the
Europeans to replenish their current stocks," said one Korean source.
"Madness over ferromoly," as one Japanese trader described, has also
spread to some consumers in Japan.
A second Japanese trader who has businesses with steel mills operating
electric arc furnaces said some mills were forced to call off ferromoly
tenders planned in February.
"The mills passed notes to traders calling for tenders, and have received
back notes declining to participate," the trader said.
"Tender participants were afraid that even if they won, they would not be
able to deliver, as export policy changes in China could hit any day," he
said.
Traders said some Chinese sellers have been inconsistent, making sell
offers one day and stopping the next day.
The situation is hitting smaller consumers rather than major mills
operating blast furnaces. "Blast furnaces can use materials in various sizes,
they are big enough to stomach just about any ferromoly. But smaller mills and
consumers fabricating metals, have a set requirement regarding the ferroalloy
conditions. They can not just use any metal," one source said.
Meanwhile, Japanese traders said they received buy inquiries from
consumers and traders in Europe, India, South Korea and other parts of the
world. Japanese usually to get more sell offers than buy queries.
A Korean trader reported selling ferromoly to an European buyer Wednesday
at $71/kg CIF Rotterdam, prompt shipment. A Japanese trader sold one container
of Chile-origin ferromoly at $67.50/kg CIF also to Europe, prompt shipment,
and one container of Chinese-origin material at $67.50/kg CIF Europe, prompt.
The Korean trader said his current offer is $75/kg CIF Europe. "The price
could hit $80/kg CIF," he added.

[Asynchronmaschine]

ich bin hier wohl der alleinunterhalter

es gibt news
super news
würde ich mal sagen
nur niemanden interessiert es

[Olel]

Antwort auf Beitrag Nr.: 28.129.802 von Asynchronmaschine am 05.03.07 17:42:16

Moin Asynchronmaschine,

das Gefühl des Alleinunterhalters hier im Faden kenne ich...

Die News über den Aufbau der Mill für die Phase 3 und der Verkauf der Tuscon Mill sind sicherlich gute Nachrichten. Ob ich sie als super bezeichnen soll, weiß ich ehrlich gesagt noch nicht so ganz.

Positiv ist wohl zu werten, dass die Tuscon Mill, um die ja vor Gericht gestritten wurde, nun für 9 Mio zurückgegeben wird, wobei man nur 6 Mio bezahlt hatte. Also ein Gewinn von 3 Mio US$ - auch eine Art Erträge zu erzielen.

Etwas überrascht bin ich allerdings darüber, dass ML jetzt wieder von der Phase 3 redet. Mein letzter Kenntnisstand war, dass die Phase 3 übersprungen und direkt die Phase 4 eingeläutet werden sollte. So ist auch in der News vom 11.12.2006 von Phase 4 die Rede. Hat man hier jetzt einen Rückzieher gemacht oder ist das nur eine unglückliche Formulierung, weil die neue Phase 3 der alten Phase 4 entspricht?

Falls Du mit "nur niemanden interessiert es" meinst, dass der Kurs gestern an der TSX nicht gestiegen ist, würde ich mal an das Marktumfeld denken. Überall wurde gnadenlos abverkauft, ML hat sich immerhin gehalten. Das ist doch schon mal etwas. Es bleibt abzuwarten, wie sich ML in einem wieder anziehenden Umfeld in nächster Zeit entwickelt. Wichtig wird dabei auch die weitere Entwicklung der Rohstoffpreise, insbesondere Kupfer, sein.

Grüße,
Ole

[Asynchronmaschine]

Molybdenum market fundamentals look solid
Molybdenum, which is used as an anti-corrosive and as a strengthening agent in steel, attracts little attention in global commodity markets in part because the metal is primarily a by-product of other mining operations. As a result the price of the metal is volatile, as evidenced by its 2005 spike to a record US$40/lb and subsequent pullback to an average price of US$25/lb last year.

Despite this volatility the outlook for the metal appears good, as GSJB Were notes output growth is likely to be subdued in coming years. Industry insiders agree with this view as Mark Wilson, vice president of Canadian Producer Thompson Creek Metals, pointed out at a recent investment conference in the US.

Wilson's view is the supply-demand dynamics of the industry are favourable for higher prices, as on his firm's estimates the world will need a further 100 million pounds of molybdenum over the next four years to meet global demand, which is forecast to grow at a compound rate of 4% annually during this period from current levels of 410 million pounds.

Demand is being driven not only by the construction sector but also via industries such as shipping, where new legislation requires large cargo ships to have double hulls by 2010, and the increased focus on exploration in the oil and gas sector given the metal's use in pipes and drills.

The problem in Wilson's view is it is not clear where the extra supply will come from, as there are few new mines scheduled to come on stream. The only one of note in the short-term is a mine in Peru, forecast to produce six million pounds this year and nine million pounds annually from 2008.

At the same time ore grades are declining at most operations around the world, so growth from existing primary mines and by-product operations is expected to be limited. While existing producers such as Phelps Dodge are looking to ramp up production, Wilson points out this won't impact on output until around 2009.

The positive supply outlook is matched by increasing demand, as molybdenum is used in around 10% of all stainless steel and has little in the way of substitutes. As Smith Barney Citigroup notes, the solid steel market outlook this year implies similarly solid demand for molybdenum, particularly as the Chinese are expected to introduce export quotas at levels of 50-70% of last year's levels.

China is the big swing factor in the market as it appears the only producing nation likely to be able to lift output in the short-term, though Wilson suggests this may not translate into higher exports as the increased output may well be used domestically.

GSJB Were also expects demand for the metal in China to increase this year given an expected increase in steel demand, the broker estimating a 12% lift this year after a 17% increase in 2008.

The result is a positive outlook for prices, the broker suggesting molybdenum prices this year should average US$22 per pound. While this is down from last year's US$25 per pound average it remains well above long-term average prices. Citigroup is forecasting an average price of US$20 per pound this year and US$10 per pound in 2008, though it notes risk remains to the upside from these numbers.

Rio Tinto (RIO) offers the only real exposure to molybdenum on the Australian market, though it is not a major contributor to group earnings.


Copper prices may surpass 2007 high: Analysts
London Metal Exchange three-month copper extended its recent gains by jumping 3% Thursday on speculative fund buying amid tightening fundamentals, with the metal poised to regain and surpass its 2007 high in the near-term, said analysts.

Three-month copper traded at $6,320 a metric ton midday Thursday, up 3% from Wednesday's PM kerb, with the metal poised to hit and surpass the $6,374/ton high for 2007, reached Feb. 26.

Copper was leading the base metals complex higher Thursday on investment buying as well as follow-through momentum buying from Wednesday, said a London-based metals trader.

Copper has climbed 7% since the start of the week, triggering buy stops as prices push through key technical levels, including $6,000/ton.

"Sentiment in the base metals complex has improved noticeably as calm returned to equity markets – a weaker yen should see less carry trade unwinds – and copper is expected to lead the way," said Robin Bhar of UBS.

And "with risk aversion less of a factor, we expect the tight supply/demand fundamentals to come to the fore ahead of the onset of the peak demand season and for higher base metal prices to reflect this," Bhar added.

The steadier markets in all assets have resulted in investors returning to invest in the metals markets, the trader noted.

European stocks opened higher early Thursday, spurred by a strong Asian session. The Dow Jones Industrial Average closed down 0.1% on the day Wednesday.

Copper had been steadily climbing from its February 2007 low of $5,250 until sharp falls in global equity markets that began on the Shanghai Stock Exchange Feb. 27 dragged base metal prices lower.

As a result, copper dropped roughly 9% as investors exited assets considered risky, including base and precious metals.

Commodity markets can be driven by non-fundamentals for quite some time, but physical supply and demand realities do eventually drive trends, said Bart Melek of BMO Capital Markets recently, adding that he saw these physical realities pointing towards better times ahead.

LME copper inventories have fallen over 5% from month-earlier levels, further fueling copper's price rise.

Moreover, traders say that because of copper's sharp decline during the recent equities selloff, the metal has more ground to recover.

Copper futures traded on the Shanghai Futures Exchange settled higher Thursday for the third consecutive session, adding to price support.

Strength in some of the outside commodity markets is also helping to boost copper prices. Spot gold pushed through the key psychological resistance of $650 a troy ounce Wednesday and is edging towards $655/oz early Thursday.

Looking ahead, analysts said the focus will turn back towards China, the world's largest consumer of copper and base metals, which is slowly returning to business following its long Lunar New Year holiday break.

China's "copper demand will continue to be high, which will hardly be changed by new measures to curb the economy and substitution tendencies," German producer Norddeutsche Affinerie AG (NDA.XE) said Wednesday.

"Demand in particular for refined copper must increase in view of the strong expansion of production capacities in the (Chinese) copper processing industry," Norddeutsche said.

Indeed, the outlook for copper prices remain well-supported following recent Chinese metals data showing the strength in China's refined copper imports, analysts said.

[bmann025]

mercator vs. Blue Pearl

interessanter vergleich stockhouse

meine persönliche meinung: blue pearl kommt etwas zu schlecht weg, wenn man berücksichtigt, dass sie bereits jetzt zu hochpreisen voll produzieren

1.

Based on current metals prices and Mercator's ultimate production goal to be reached.
To put this in prospective Blue Pearl Mining will be selling 30 million lbs of moly per year in 2008-2009 and at today's prices will have revenues of twice that of Mercator. Blue pearl has a fully diluted market cap of almost $1.4 billion with 140 million shares outstanding. Furthermore, their mines have less than 10 years of production left. Therefore unless they can bring their other Davidson deposit they will produce less moly at sometime in the future.

Now, mercator with revenues of $450 million should trade at a premium in price on a relative basis to Blue Pearl because of the long life assets at Mineral Park. Therefore one can put an absolute floor of $700 million market cap here. However, I believe that will be much too cheap especially if prices continue to hold up because Mercator is a low cost producer.

It strikes me rather odd how this company is continually below everyone's radar screen yet we will be signicantly increasing production over the next 12-24 months. I see copper and moly both remaining strong with profit numbers that will just be silly. In fact I could be getting yearly dividends equal to the price I initially paid for this stock which is totally amazing. I wonder what mercator is going to do with all of its money. The state of Arizona where
I live by the way has many mining projects in need of capital.

The future is bright and Mercator still gets no respect!


2.

Excellent post comparing ML to BLE.

Perhaps I can explain why Blue Pearl Mining is the darling of Bay Street, while Mercator Minerals is something of a wallflower. David J. DesLauriers of Resource Investor hit the nail on the head when he made these comments about ML:

“Management structured a financing which would minimize dilution and allow them to go forward with their plans with all the capital required to put their own mill together and expand production.
They did just that, which is rare because most management teams don’t know the meaning of share structure and issue equity at every opportunity.”
http://www.resourceinvestor.com/pebble.asp?relid=29573

There is your answer, Dadoc. The prudent management at Mercator Minerals saw fit to minimize dilution. And as it happens, the brokers on Bay Street idolize share dilution, because that gives them de facto control over an issue, and they will move Heaven and Earth to publicize their overly-diluted darlings.


To be more specific, here is how Blue Pearl financed their recent expansion, contrasted, below, how Mercator Minerals financed theirs:

“Blue Pearl issued $230,030,000 of subscription receiptsat a price of $5.50 per subscription receipt. Each subscription receipt will be automatically exchanged for one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the Company at a price of $9.00 until October 23, 2011.”


“Mercator Minerals sold 120,000 Units at a price of U$980 per Unit for gross proceeds of US$117,600,000. In addition, 8,337,500 Common Shares were sold at a price of C$3.00 per Common Share for gross proceeds for C$25,012,500.”

It’s plain to see that Mercator did a much superior job in preserving the integrity of their outstanding equity during the two recent rounds of financing for each of these respective companies. There is, as a matter of fact, a hierarchy (or a chain-of-command) of the different types of financing that are appropriate for the different stages of a company’s evolution. In this chain-of-command, higher quality assets merit the least dilutive financing. At the same time, lower quality (or, more speculative) assets must resort to more dilutive financing.

Here is that list:

Equity with full warrants.
Equity with half warrants.
Straight equity with no warrants.
Convertible Debt
Straight debt.

Amazingly, Blue Pearl issued equity with half warrants, which is the kind of financing that might be expected from an upstart company with a good resource. Mercator, with its vastly superior management (and, on a capitalization-adjusted basis, also with a vastly superior reserve) issued straight equity and straight debt, with a warrant kicker.


So, Dadoc, when you express the following sentiment:

“It strikes me rather odd how this company is continually below everyone's radar screen yet we will be significantly increasing production over the next 12-24 months”

--just remember this: that the current low profile of Mercator Minerals is because they are victims of their own success. Bay Street prefers to publicize those companies who are most tightly under their influence, and generally speaking, the public isn’t perceptive enough to understand why.

[ualter]

[Asynchronmaschine]

ATH

[RudiXXX]

Ja, klar bin ich hier auch investiert.
Kupferpreis hält sich über 3$, Moly ist auch noch da.
Wenn sie Moly-Rückgewinnungen über 85% nachweisen und Konzentrat über 50% zusammenkriegen, dann ist das ein Wert bis zu meiner Rente.

[Zockempire]

Auch investiert. Danke an Asynchronmaschine für seine Hintergrundinfos

[RudiXXX]

Langsam wird mir dieser ständige Anstieg, auch wenns richtig kracht im ganzen Umfeld unheimlich.
Extrem zuversichtliche Aktionäre, kaum Zocker, eine gute Geschichte und eine Aktie mit hohem fundamentalen Ertragspotential.
So was ist sehr selten.

[Wiewel2005]

Antwort auf Beitrag Nr.: 28.550.633 von RudiXXX am 28.03.07 20:51:56

ich muss diese aktie ganz dringend aus der Watchlist streichen

[RudiXXX]

50% verkauft zum Tageshoch bei +33%
Aber auch jetzt sind das noch Einstiegskurse.

[the_artlove]

Sieht gut aus, langsam kommt die Sache in Schwung...

Press Release Source: Mercator Minerals, Ltd.


Mercator Reports Record Earnings, Cash Flow & Copper Production for the Year ended December 31, 2006
Monday April 2, 8:15 am ET


(Stated in US Dollars unless otherwise indicated)
TRADING SYMBOL: TSX - ML
KINGMAN, AZ, April 2 /CNW/ - Mercator Minerals Ltd. today announced record operating cash flow for the year ended December 31, 2006 of $20.2 million or $0.36 per share, before interest, taxes, one time expenses related to the partial dismantling of the Mission South mill and the pre-feasibility work, and non-cash charges, as a result of significantly higher copper production combined with outstanding realized copper prices. Net Income for the year was $7.1 million or $0.13 per share after expensing all exploration and pre-feasibility costs associated with the Phase 4 expansion of Mineral Park (currently in construction), and accruing $4.7 million in non-cash items such as $1.2 million in future tax liabilities. This compares with net income of $359,177 ($0.01 per share) for 2005.
ADVERTISEMENT


"Our record operating cash flow over the past year allowed us to rapidly advance the Mineral Park Phase 4 Copper/Molybdenum Expansion Project through completion of a pre-feasibility study and was a major factor allowing Mercator to complete a $117 million debt and $Cdn25 million equity financing subsequent to the end of the year," said Michael L. Surratt, President and CEO. "As a result of the financing, in March 2007 Mercator commenced construction of the Mill at Mineral Park, which is expected to start production in the second half of 2008 and ultimately produce 56 million pounds of copper and 10 million pounds of molybdenum and 600,000 ounces of silver per year."

"During 2006, SX/EW copper production at Mineral Park continued to ramp up as the benefits of the Phase 1 and 2 expansions began to be realized. Production during the fourth quarter 2006 was the best quarter under our ownership at Mineral Park with approximately 2.9 million pounds of cathode copper produced at operating cash cost of $0.82 per pound of copper," said Mr. Surratt.


Financial Highlights for the Year ended December 31, 2006

- For the year ended December 31, 2006, the Company reported operating
cash flow of $20.2 million ($0.36 per share), compared with operating
cash flow of $2.1 million ($0.05 per share) for the corresponding
period in 2005, an 885% increase.

- Production of 9.5 million pounds of copper at a cash cost of $1.02
per pound in 2006 compared to 6.3 million pounds of copper at a cash
cost of $1.20 per pound in 2005.

- For the year ended December 31, 2006, the Company reported net income
of $7,067,657 ($0.13 per share), compared with net income of $359,177
($0.01 per share) for the corresponding period in 2005, an 1,868%
increase;

- Assets of $53,222,670 for the year ended December 31, 2006, compared
to $20,754,439 for the corresponding period in 2005, an increase of
$32,468,231.

- Cash on hand at December 31, 2006 of $11,076,108, as compared to
$1,899,773 for the corresponding period in 2005 and working capital
at December 31, 2006 of $17,817,247, as compared to a working capital
of $4,255,347 for the corresponding period in 2005;

- Gross Sales Revenues at Mineral Park before expenses for the year
ended December 31, 2006, was $31,010,071, compared to $11,269,981 for
the corresponding period in 2005, a 175% increase.

- For the quarter ended December 31, 2006, the Company recorded
earnings of $4.9 million or $0.09 per share before taxes and non cash
charges.

[Vinyard]

Wie sind die weiteren Aussichten;
gibt es irgendwie eine Studie bzw. Prognose über zukünftige Umsätze und Gewinne?

[Asynchronmaschine]

ja
technical report lesen

[Vinyard]

boah, gibts das nicht eventuell irgendwie freundlich aufbereitet für pontenielle Investoren?

[RudiXXX]

Es steht alles in den Reports.
Aber um Euch auf die Sprünge zu helfen, geb ich mal meine überschläglichen Zahlen zum Besten

Alles bezogen auf 2008:
Datum 4.4.07

Quadra Mining:
Quadra Mining QUA
Earning Mio CAD 152,52
EPS (CAD) 4,00
Marketkap Mio CAD: 433
Mio Shares: 38,13
Kurs (CAD): 11,35
KGV (2007): 2,84
Kosten/lbCu: 1,25 USD
Gewinnsprung, weil die Ku-Preishedges im April auslaufen
An eine Mübernahm von Intermoly zu dem gebotenen Preis glaub ich nicht.
Da werden sie wohl noch mal 50% zulegen müssen

Mercator ML:
Earning Mio CAD 100
EPS (CAD) 1,63
Marketkap Mio CAD: 291
Mio Shares: 60,6
Kurs (CAD): 4,80
KGV 2008: 2,94
Kosten/lbCu: 1,02 USD
Der Gewinnsprung ist erst mit Inbetriebnahme
der 50.000t/d Mill zu erwarten

Taseko Mines TKO:
Earning Mio CAD 80
EPS (CAD) 0,60
Marketkap Mio CAD: 424
Mio Shares: 128,63
Kurs (CAD): 3,30
KGV 2007: 5,5
Kosten/lbCu: 1,52 USD

Risiko in höheren Produktionskosten,
aber die Wette auf eine Übernahme eines Konkurenten ist heiß.

Blue Pearl Mining BLE:
Earning Mio CAD 400
EPS (CAD) 2,79
Marketkap Mio CAD: 1906
Mio Shares: 143,3
Kurs (CAD): 13,30
KGV 2007: 4,76
Kosten/lbMo: 3,55-5,03 USD
Ohne Davidson.
Nur so zum Vergleich.

Also dann ab zum Studium der Berichte.

[RudiXXX]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[the_artlove]

Alles im gruenen Bereich. Slowly but steady...

Mercator Reports Construction Update and Appointment of VP Engineering
Wednesday April 11, 8:15 am ET

TRADING SYMBOL: TSX - ML
KINGMAN, AZ, April 11 /CNW/ - Mercator Minerals Ltd. (ML: TSX) is pleased to announce that the construction of its 50,000 ton per day copper-molybdenum concentrator is proceeding on schedule for a projected start up in the second quarter of 2008. To date the sub excavation and structural backfill of the grinding area has been completed. The primary contractor (Schmueser & Associates, Inc. of Rifle, Colorado) has mobilized and has commenced concrete rebar tying and forming on the grinding bay area. Piling and rebar materials and equipment are arriving on site daily. The primary crusher has been purchased and the float cells for the molybdenum flotation circuit have also been purchased.
ADVERTISEMENT


In the pit, significant molybdenum ore has been encountered and the material is being stockpiled for processing at the mill start up. "We are currently concentrating on the leachable copper for our SX/EW production, however when we encounter substantial molybdenum ore we stockpile it for processing and mill feed on the commencement of the concentrator mill operation," said Mike Surratt, President and CEO.

Separately, the Company also announced that Gary Simmerman has joined the Company as VP of Engineering, effective immediately. Mr. Simmerman's appointment enriches Mercator's already impressive management team which will serve the Company in its next phase of construction, expansion and growth. Prior to joining the Company, Gary was the COO of Frontera Copper Corporation and was responsible for their Mexico operation. Gary has over 30 years of underground and open pit experience primarily in the southwest United States. Gary is a mining engineer and was born and raised in Bagdad, Arizona. Gary holds a BSc (Engineering) from the University of Arizona.

[Asynchronmaschine]

5,05

[i-Project]

Für alle die es interessiert

Einige unserer Molyperlen auf einen Blick. Bei Interesse kann der eine oder andere Wert gerne noch aufgenommen werden.

http://members.a1.net/xmile/Molyperlen.htm

[mfierke]

kann der Ersteller des Threads diesen nicht der Aktie zuordnen???? der MOD macht es doch dann, man findet ihn sonst nicht

[i-Project]

Für alle die einen Überblick über andere MolyFirmen haben möchte und diejenigen dies interessiert mal auf einen Blick.

Bei Bedarf oder Interesse kann der eine oder andere noch aufgenommen werden.

http://members.a1.net/xmile/Molyperlen.htm

[markus2106]

Hallo,

sehe ich das richtig, das ML seit letzter Woche auch in Deutschland handelbar ist ? WKN 900243

[i-Project]

Für alle die gerne alle unsere MolyPerlen auf einen Blick verfolgen möchte eine kleine Hilfe.

http://members.a1.net/xmile/Molyperlen.htm

Kritik und Anregungen sowie Neuaufnahmen von MolyPerlen werden gerne entgegen genommen:

Viel Spass

[Vinyard]

Geht ja schön voran heute.....

[Vinyard]

Geht ja schön voran heute.....

[Art Bechstein]

Antwort auf Beitrag Nr.: 28.885.987 von Vinyard am 18.04.07 20:01:22

mich ärgert das auch richtig, dass ich letztes Jahr bei ML 2/3 meiner Position durch Zwangsliquidation bei 2,75C$ verloren habe. Habe dann nie wieder nachgekauft - ein Riesenfehler, da die Entwicklung eigentlich mit Ansage kam. Glückwunsch den "voll" investierten und der Wert ist hierzulande immer noch vollkommen unbekannt.

Art

[Vinyard]

Ja, bin über den Sprott Fund (eigentlich BLE) drauf gestossen und hab vor zwei Tagen zuschlagen. Seitdem schon ein schöner kursverlauf; kann man zumindest nicht meckern.

Dagegen hab ich bei Arafura gestern zu 1,28 etwas daneben gegriffen!

[falcon23]

Antwort auf Beitrag Nr.: 28.886.104 von Art Bechstein am 18.04.07 20:06:18

Solange der Wert keine WKN bekommt, dürfte sich an dem Bekanntheitsgrad auch so schnell nichts ändern, da dieser Wert von den konventionellen Brokerhäusern wie comdirect oder DAB schlicht und ergreifend nicht gehandelt wird und nicht jeder wechselt wg. eines Wertes gleich zu Nordnet oder Intermaxx etc.
DAB erklärte sich auf Anfrage immerhin bereit, eine WKN bei der deutschen Börse zu beantragen.

Gruss fc23

[Vinyard]

Also ich habe über Comdirekt gekauft; wo ist das Problem?

[falcon23]

Antwort auf Beitrag Nr.: 28.886.969 von Vinyard am 18.04.07 20:44:40

Dann sind sie endlich dahinter gekommen - gelistet ab April Glückwunsch. Habe das Ding schon bischen länger auf der WL - nicht erst seitdem die Kurse anfangen zu rennen ...

Gruss fc23

[Asynchronmaschine]

wie jetzt
die haben schon seit ewigen zeiten eine wkn
man kann sie schon ewig z.b. über consors in kanada kaufen

wer es günstiger haben wollte
hat halt über ib o.ä. gekauft

ist doch bei roca mines und anderen perlen das selbe
hier kennt sie keiner
keine deutshcen threads
handel auch keiner
aber eine wkn
also kauft man direkt vor ort

börse ist so einfach

[falcon23]

Antwort auf Beitrag Nr.: 28.887.121 von Asynchronmaschine am 18.04.07 20:51:35

Die WKN ist nur zur Kennzeichnung von inländischen Werten üblich, und ML hat erst im April eine solche erhalten.
Wenn Du sie über Consors geordert haben solltest, hast Du das über die ISIN betrieben - das habe ich gar nicht bestritten, das das möglich sein könnte
Bei 3 von mir befragten inländischen Broker war das bisher nicht möglich und schon gar nicht über eine WKN

cu fc23

[bmann025]

habe eben auf meine erste abrechnung vom juni 06 geschaut (kauf in toronto).
wkn stand damals bereits drauf.

[Asynchronmaschine]

na zumindest kennt die consors software (activ trader) -im gegensatz zu anderen brokern- etliche werte, die man dann in london, kanada etc auch problemlos ordern kann und konnte
gebühren mal aussen vor gelassen

was consors allerdings nicht kann
australische werte in london kaufen
die erklärung dafür ist abenteuerlich
da stehen einem dann schon die haare zu berge

roca mines wollte sich auch um ein vernünftiges listing hier kümmern
was da hier abläuft
kurse, spread
ist ja auch nicht normal
bei dem spread etc kauft hier natürlich keiner

[Asynchronmaschine]

der CEO im Interview
http://www.bnn.ca/servlet/HTMLTemplate/!robVideo/robtv0726.2…

[Olel]

Antwort auf Beitrag Nr.: 28.886.104 von Art Bechstein am 18.04.07 20:06:18

Hallo Art,

schön, dass Du mal wieder reinschaust.

Hab ML schon seit fast einem Jahr in meinem Depot liegen und lange Zeit fristete sie ein ziemlich tristes Dasein. Aber seit einigen Monaten ist der Stein ja nun endlich ins Rollen gekommen - letztlich mit Ankündigung wie Du sagst.

Einziger Wehmutstropfen: ich bin damals mit einer ersten Position eingestiegen und habe dann lange keinen Grund für einen Nachkauf gesehen. Und als es sich dann gelohnt hätte, hab ich es nicht mehr auf dem Schirm gehabt. Aber was soll's, an anderen Fronten läuft es ja ähnlich gut und besser

Gruß,
Ole

[RudiXXX]

Antwort auf Beitrag Nr.: 28.886.104 von Art Bechstein am 18.04.07 20:06:18

Genau so ist mir das heute gegangen. Ich hab so viel Quadra nachgekauft, das IB kurz vor Ultimo Reg-T-Margin Violance geschrien hat. In 20 min 20% vom Depot zu verkaufen ist schon arg. Mußte mich von 30%ML trennen, alles andere wäre zu teuer gekommen. Gewinne mitnehmen sollte eigentlich Spaß machen. Hier tat es mir richtig weh.

[Asynchronmaschine]

5,99
und
a sizeable group of analysts are going to be visiting ML's Mineral Park next week

[Asynchronmaschine]

[RudiXXX]

Hab mir am Freitag meine ML wieder geholt.
Noch Mitte März, als ich die ersten ML gekauft habe hatte Mercator in Kanada niemand richtig auf dem Radar. Mittlerweile wird ML in fast jedem Treath als Moly-Rennpferd bezeichnet. Der CEO gibt Interviews, die direkte Auswirkungen auf den Kurs haben. Über Kurz oder lang wird man Mercator eine ähnliche Erfolgsgeschichte wie BluePearl zugestehen. Ich rechne Ende 2008 durchaus mit einem Kurs von 20CAD.

[Asynchronmaschine]

heute in d. schon sagenhafte umsätze
1.100 aktien
wenn es noch eines beweises brauchte
niemand kennt hier in d. m.

[Vinyard]

Immer ein gutes Zeichen oder, wenn die Firma erst noch endeckt werden muss!

[Asynchronmaschine]

TORONTO, April 23 /CNW/ - (TSX: MLY) - Sprott Molybdenum Participation Corporation (the "Corporation") announces that its net asset value as at April 20th, 2007 is $220 million or $5.27 per common share. The fair market value of securities of companies that explore for, mine and/or process molybdenum held by the Corporation (the "Portfolio Investments") is $131 million and $105 million is invested in cash and money market securities. Gross appreciation in the value of Portfolio Investments since January 1, 2007 is $34 million.

The investments made by the Corporation to date were primarily purchased on a private placement basis and are therefore subject to certain hold periods pursuant to applicable securities laws. While these investments are restricted from resale, the securities will be valued at a price that is discounted from the market price of such securities. The total discount from market price is approximately $31 million before income taxes and fees.

The Corporation calculates its net asset value and the fair market value of the Portfolio Investments at 4:00 p.m. (Toronto time) on the last day of each week that the Toronto Stock Exchange is open for business.


<<
Top Ten Holdings (as at April 20, 2007)
---------------------------------------
1. Blue Pearl Mining Ltd.
2. Idaho General Mines Inc.
3. Roca Mines Inc.
4. Mercator Minerals Ltd.
5. Moly Mines Ltd.
6. International PBX Ventures Ltd.
7. Torch River Resources Ltd.
8. Virgin Metals Inc.
9. Inca Pacific Resources Inc.
10. Western Troy Capital Resources Inc.
>>


As at April 20th, 2007, the Corporation has entered into commitments to invest an aggregate of $25.5M in additional Portfolio Investments. The Corporation is also currently in negotiations to purchase physical molybdenum.


About Sprott Molybdenum Participation Corporation


Sprott Molybdenum Participation Corporation is an investment holding company created to invest in molybdenum assets. The primary investment objective of the Corporation is to achieve 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. It is not an investment strategy of the Corporation to actively speculate with regards to short-term changes in molybdenum prices. The Corporation's investment mandate is intended to provide investors with the opportunity to invest in a diversified portfolio of securities of private and public companies that explore for, mine and/or process molybdenum as well as commercial forms of molybdenum. Additional information about the Corporation is available on SEDAR at www.sedar.com and on the Corporation's website at www.sprottmoly.com.


This press release may contain forward-looking statements, which reflect the Corporation's current expectations regarding future events. These forward-looking statements involve risks and uncertainties that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changing market conditions, commodity prices, foreign investment risk, potential volatility of molybdenum prices, which are influenced by general economic, political and market considerations, industry risks, trading costs, competition from substitutes to molybdenum and other risks detailed from time to time in the Corporation's ongoing quarterly and annual reporting. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Past performance is not indicative of future performance.

[Asynchronmaschine]

Molybdenum: Its Time has come to Rally… Print E-mail
Written by Ian L. Cooper
Tuesday, 24 April 2007

Overview: With nickel climbing so ferociously over the last year, the momentum has begun spilling into molybdenum, another metal (like nickel) that can enhance the corrosion resistance in stainless steel (about 10% of the world stainless steel production utilizes molybdenum). Molybdenum is used with chromium to augment corrosion resistance.
Editor, Red Zone Profits

Commodities have retaken the headlines, with red-hot nickel nailing new highs. In fact, commodities are so hot that the Rogers International Commodity Index has already tacked on about 20% in value this year alone. But what’s with nickel?

Nickel has been scalding hot (up 45% in price), more than any other London Metal Exchange- traded metal. It’s now four times the price of copper and stands as the most profitable of all metals to mine, all while nickel inventories trade at lows. But that run is far from over. Not as long as nickel inventories are expected to remain tight up to 2010; not while mining companies have problems expanding capacity to meet demand from China’s stainless steel makers; and not as long as China’s nickel demand is expected to rise 33% by 2011 from 2006’s 18% demand.

You see, nickel is a vital ingredient in stainless steel. In fact, two-thirds of the world’s nickel supply is used in stainless steel production. Stainless steel isn’t just used for high-end kitchen appliances and car parts. It’s also crucial to natural gas and oil pipeline builders because it doesn’t corrode. And wouldn’t you know it… China has recently earned the distinction of the world’s largest stainless steel producer.

In 2006, China produced over 5 million tons of stainless steel. That was a 60%, or 3 million ton, increase over its 2005 totals. That growth more than quadrupled the world average of 14%. It’s a fact -- China is fueling demand for nickel in a way that we’ve never experienced. And the smart money is going to follow this trend as long as it continues, which is for the foreseeable future.

More of a reason to own nickel-related stocks is that low supply levels are expected to keep the market “tight” right up to 2010, with this year’s average prices already forecast to soar another 34%. In fact, according to MarketWatch.com, “Consumption growth will slow to 2.9% in 2007, down from 11.9% last year but expected to rebound again to 7.4% in 2008.”

The smart bet on the commodity super cycle is nickel. Keep an eye on it.

Investing in Nickel: Giving Rally to Molybdenum
Ancient Greek “Secret” Turns $5,000 into $519,645… In Just Four Years… You can become a part of this exceptional group by taking a 90-day, risk-free test drive of this powerful trading system.
click here...

Those who missed the nickel and uranium runs can take comfort in knowing that molybdenum is the next super-hot investment. This is the metal that can resist heat, cold, and corrosion better than steel.

And thanks to increased demand from the likes of, you guessed it, China -- the white-hot metal has been soaring since January. In part, China can be blamed for the supply issue. You see, back in 2005, Hubei residents blamed molybdenum mines for poisoning the Chaoshui River. In response, rioters destroyed about 200 molybdenum mines, crippling global supply.


As of today, molybdenum interest is so heavy that the London Metal Exchange announced plans for a molybdenum market, which should fuel more interest in molybdenum-related companies, such as:

Moly Mines (listed on the Australian Stock Exchange and Toronto)…
A global commodities boom... a desperate world superpower... an inevitable Chinese "partnership" and...
The 22-cent company that broke a 30-year lockdown and pushed "The Project" back on line.
How this tiny micro-cap miner grabbed the rights to re-open a classified hot zone of precious metals and could deliver you at least 809% by the end of October 2007.

For the specific details,
click here...

Blue Pearl (BLO.TO), which, according to reports could produce as much molybdeunum in 2007 as Cameco produces uranium. Blue Pearl, the largest publicly traded molybdenum producer, has plans to mine about one- fifth of the world’s molybdenum this year alone…

Idaho General Mines Inc. (GMO) is permitting and developing the Mount Hope project, a project estimated to hold 1.2 billion pounds of recoverable molybdenum. Once in production, the mine is expected to produce approximately 30-35 million pounds of molybdenum annually, which potentially positions Mount Hope as one of the world’s largest and lowest cost molybdenum producers.

Investing in Commodities: Nickel Gain Is Molybdenum’s Gain

With nickel climbing so ferociously over the last year, the momentum has begun spilling into molybdenum, another metal (like nickel) that can enhance the corrosion resistance in stainless steel (about 10% of the world stainless steel production utilizes molybdenum). Molybdenum is used with chromium to augment corrosion resistance.

And while molybdenum deposits are more common than that of nickel, there’s still the problem of short-term supply for a $12 billion molybdenum market. And there’s no shortage of demand. In fact, global demand for molybdenum has been growing at a 4% clip every year for the last 50 years. In China, alone, demand for the metal shot up some 20%.


Plus, consider this -- nuclear plants, depending on their design, will require between 500,000 and 800,000 pounds of molybdenum, according to MarketWatch.com.

While the prospects of higher nickel prices are up in the air, one thing’s for certain. Global production will continue to struggle, as demand continues to mushroom. The $30-plus metal, in our opinion, has a real shot of running to historical highs of $40 and beyond given the increased demand from the likes of China.
Investing in Commodities: How to Invest in Molybdenum

As I stated above, these are the stocks to watch:

Moly Mines (listed on the Australian Stock Exchange and Toronto)…

Blue Pearl (BLE.TO), which, according to reports could produce as much molybdeunum in 2007 as Cameco produces uranium. Blue Pearl, the largest publicly traded molybdenum producer, has plans to mine about one-fifth of the world’s molybdenum this year alone…

Idaho General Mines Inc. (GMO) is permitting and developing the Mount Hope project, a project estimated to hold 1.2 billion pounds of recoverable molybdenum. Once in production, the mine is expected to produce approximately 30-35 million pounds of molybdenum annually, which potentially positions Mount Hope as one of the world’s largest and lowest cost molybdenum producers.
There you have it. Even if you missed the nickel and uranium runs, welcome to molybdenum’s 2007 bull market.

[Zockempire]

Mercator >16 USD wert bei gleicher Bewertung wie Blue Pearl
-------------------------------------------------------------
aud em ML board he Monday, April 2 issue of Finance Asia brings the news of a high profile Molybdenum IPO. The text of this article has significant implications to the true value of Mercator Minerals. For purposes of giving full credit and proper attribution, here is a link to the full article. Below the link, I have excerpted some passages that reveal some interesting valuation insights into ML, with my comments interspersed, in green.


http://www.financeasia.com/article.aspx?CIaNID=49000

“China Moly… is currently pre-marketing an initial public offering of more than $500 million through Morgan Stanley and UBS. Notably, Morgan Stanley was also one of the bookrunners for HNF’s IPO together with BOC International.

► Morgan Stanley and Bank of China International? The molybdenum market has now captured attention of the elites on Wall Street.


”The molybdenum producer has already attracted the attention of a number of tycoons and corporate investors. According to sources, the company plans to sell around $150 million worth of shares to seven or eight such cornerstone investors who in return for a guaranteed allocation will commit to a 12-month lockup.

►hmmm, just wondering, are they any tycoons or corporate investors posting on this board?.

”The final list of cornerstone investors has yet to be agreed upon, but sources say they will include many of the usual players who tend to participate in Hong Kong listings of large Mainland companies, including China Life Insurance, Henderson Land Development chairman Lee Shau Kee, Dickson Concepts chairman Dickson Poon, and either Temasek or GIC, both of which are investment companies set up by the Singapore government.

”China Moly is selling 22.7% of its issued share capital in the form of 1.08 billion new H-shares. There will also be a greenshoe of between 10% and 15%, with the final size to be determined before the launch of the formal institutional roadshow on April 9. The price range will also be set at that same time.

”As with all H-share IPOs, the company will also need to transfer shares equivalent of 10% of the new share issue to the National Social Security Fund. This transaction will be done outside the actual share offer but the shares will count towards the free-float, bringing it up to the required 25%. The deal will have the usual 90-10 split between institutional and retail investors with a standard clawback mechanism.

►Seems a bit complicated to me. Also, a little bit intimidating. From where I stand, I would infinitely prefer the certainty and stability of capital markets (and reserves) that are located in North America.

”The eventual IPO price is expected to value the company somewhere in between fellow specialty metals producer HNF, which currently trades at about 15.5 times projected 2007 earnings, and base metals producers like Jiangxi Copper and Aluminum Corporation of China (Chalco), which tend to trade at an average forward P/E multiple of about eight times.

”Base metals aren’t in the same short supply as specialty metals, however, and the irreplaceable nature of both molybdenum and tungsten in steel production suggest they should trade at a premium to the former group, one observer notes.

”China Moly could potentially also be compared to Toronto-listed [Blue Pearl Mining] which is the only pure molybdenum producer that is publicly listed and currently fetches a 2007 P/E multiple of about 8.3 times. Here too, analysts argued that China Moly deserves a premium, because of its four times larger reserves (which are also of higher grade), its longer mine life at 46 years versus less than 10 years, and its lower cash costs.

”Using a valuation based on enterprise value to molybdenum reserves, a syndicate research report estimates Blue Pearl’s valuation at $4.56 per pound, compared with a proposed range of only $2.48 to $3.16/lb for China Moly (due to its larger reserves), which could result in some investors viewing the latter as a value play in comparison with its Canadian peer.”

► This is where things really get interesting. Mercator Mineral's January 8 New Release provided this summary of the company’s projected Life-of-mine production: 1.1 billion lbs of copper, 257.5 million lbs of molybdenum and 13.7 million ounces of silver. Using the same valuation metric as is currently being applied to Blue Pearl, ML's 257.5 pounds of moly should currently be worth US$ 1,174,200,000.00, or US$ 16.31 per share (without even taking into account the value of the copper and silver).

[neptuno123]

Wenns doch nur in allen Threads von Art so ruhig und zivilisiert daher gehen würde wie hier. Meine ML steigt und steigt und niemand
interessierts. Keine Basher und Dummschwätzer weit und breit....
ist das geil hier !!!!

[Asynchronmaschine]

die dummschwätzer sind alle in den raketen und bäckerbuden
z.b. star gold
400 mill marketcap
keine reserven nix
tja, so ist das leben
roca, eqn und wie sie alle heissen
finden auch kaum beachtung
zu vielen werten gibt es bei w o nicht mal threads

ml wird seinen weg gehen
unterhalten wir uns hier halt in kleiner gruppe

[RudiXXX]

Ich könnte Heulen. Ich verkauf immer die Sieger. Und wieder bin ich beim Anstieg nur noch mit 50% dabei. Nun der Rest steckt jetzt im Moly-Fond. Aberimmerhin. Gratulieren wir uns zu +16% zur Zeit.

[Asynchronmaschine]

schnell nochmal posting hinterher schieb
kurs gerade 6,36

[Vinyard]

Was geht hier heute ab?
Sind zwar vom Tageshoch wieder deutlich zurückgekommen, aber irgendwas ist doch im Busch!

[Asynchronmaschine]

[RudiXXX]

Ich glaube die Performance von ML (vielleicht auch die von QUA) wird in nächster Zeit die von BLE übertreffen,
wenn die Situation auf dem Kupfermarkt so ausgezeichnet bleibt.

[Asynchronmaschine]

morgen q zahlen
interessanter werden allerdings nächstes jahr
die vom 2q

[Asynchronmaschine]

[Asynchronmaschine]

und schon sind sie da
Mercator Reports Record First Quarter Cash Flow
(Stated in US Dollars unless otherwise indicated)
TRADING SYMBOL: TSX – ML
Kingman, Arizona: May 14, 2007 – Mercator Minerals Ltd. today announced record operating
income for the first quarter of 2007 of $7.22 million, or $0.10 per share compared with $1.74
million, or $0.03 per share. Included in operating income is cash flow from operations of $4.03
million, more than double the amount in the same period in 2006, and net proceeds from the sale
of the Tucson mill of $3.00 million. Production at the Company’s Mineral Park SX/EW copper
mine was maintained at a steady level of 2.63 million lbs of copper following the ramp up over
the last half of fiscal 2006. During the current quarter, Mercator completed a major financing for
the expansion of production at Mineral Park, raising approximately $139 million, and
commenced construction of the expansion.
After allowing for the one time expense of $7,527,944 for the cost of completing the financing
that closed during the quarter (the proceeds of which will be used to fund the on-going Phase 4
expansion of Mineral Park), and accruing $4.9 million in non-cash items (which includes an
accrual of $1.65 million for interest payments on the debt financing completed during the
quarter), the Company recorded a net loss of $4,596,790 during the period.
“Mercator continues its aggressive growth strategy, with growing SX/EW copper production at
its existing Mineral Park operations providing strong cash flow, and construction of the Phase 4
copper-molybdenum milling operation underway,” said Michael L. Surratt, President and CEO.
“Proceeds from the recently completed $139 million financing are already being deployed to
bring the Phase 4 expansion into production in the second quarter of 2008, an expansion that will
ultimately see Mineral Park producing 56 million pounds of copper, 10 million pounds of
molybdenum and 600,000 ounces of silver per year.”
Financial Highlights for the Three Months ended March 31, 2007
• Production for the quarter of 2.63 million pounds of copper vs. 1,720,670 pounds of
copper in the same period in 2006.
• For the three months ended March 31, 2007, the Company reported operating cash flow
of $4.03 million ($0.06 per share), compared with operating cash flow of $1.75 million
($0.03 per share) for the corresponding period in 2006, an 130% increase.
• Assets of $191,630,142 for the period ended March 31 2007 compared to $53,222,670
for the year ended December 31, 2006, an increase of $138,407,472.
• Cash on hand at March 31, 2007 of $151,612,320, as compared to $11,076,108 at
December 31, 2006 and working capital at March 31, 2007 of $156,336,585, as compared
to a working capital of $17,817,247 at December 31, 2006;
• Gross Revenues at Mineral Park for the first quarter of fiscal 2007 of $10,625,546 which
includes a gain on the sale of the Mission Mill and income from the sale of landscaping
materials, an increase of 170% over the total revenues generated for the corresponding
period in fiscal 2006 of $3,941,775.
• Average realized price for copper sales during the period was $2.84 per pound compared
to $2.19 per pound for the corresponding period in 2006.
All financial information contained herein should be read in conjunction with the Company's
Management Discussion and Analysis and unaudited financial statements for the period ended
March 31, 2007 and the Management Discussion and Analysis and Audited consolidated
financial statements for the years ended December 31, 2006 and 2005 and related notes thereto
available under the Company's profile on www.sedar.com.
Jim Tompkins, P.Eng., the Company’s Engineering Manager, a Qualified Person as defined by
NI43-101, supervised the preparation of and verified the technical information contained in this
release

[the_artlove]

Antwort auf Beitrag Nr.: 29.301.383 von Asynchronmaschine am 14.05.07 14:42:52

Danke fuer das schnelle posting der Zahlen, Asynchronmaschine.

Hast Du zum Vergleich die Zahlen von Q4/2006 (copper sales)? Ich kanns leider auf die Schnelle nicht finden. Der CF ist ja geringer als in Q4/2006 auf den ersten Blick - oder hab ich da was uebersehen?? Bin leider in SE Asia unterwegs und hab daher kaum Zeit die Sachen zu verfolgen, vielleicht ist mir da was entgangen??

Gruesse und Dank

[Asynchronmaschine]

den blick nur nach vorne richten
2008 und dann ab 2009
4 fache kupferföermenge
+ 10 mill moly
+ silber
was für eine perle

[RudiXXX]

Stimme ich zu. Sehr gute Entwicklung.
Mit genügend Geduld wird man reich belohnt.

[Asynchronmaschine]

[Asynchronmaschine]

How to (still) get rich in mining

ANDY HOFFMAN AND SINCLAIR STEWART

From Saturday's Globe and Mail

May 19, 2007 at 12:16 AM EDT

So you want to get ahead in mining? True, it might seem like you're late to the party. No doubt you watched, dismayed, as all those long-suffering investors of Falconbridge Ltd. and Inco Ltd. (yes, the same ones you thought were chumps) doubled their fortunes in the span of mere months, thanks to last year's instalment of the Great Canadian Mining Sale. You can't believe you sold your Alcan Inc. shares after the CEO said the company wasn't up for sale, only to see the stock catch fire following a hostile bid from Alcoa Inc. You've lost track of how many times you've heard that rich foreigners are gutting Corporate Canada, and that our precious natural resources are little more than chum for the sharks from Brazil, or the United States, or even Switzerland.

But what do these whimpering economic nationalists know about mining, anyway? Who cares if a few lumbering old companies disappear from the corporate landscape? The fact is, the nationalists didn't understand that the rules of the game have changed. In the brave new world of Canadian mining, it's not about the size of your rocks – it's how you use them.

This is, without a doubt, the greatest mining boom in a generation, with billions of dollars up for grabs. But the voracious interest in all things metal has spawned a subindustry of new tactics designed to attract investors and their money. The game these days is often less about pulling ore out of the ground than about creating wealth – for shareholders, certainly, but also for insiders who create the action. The latest edition of the aspiring mining mogul handbook could be called “Put Down that Shovel: An Insider's Guide to Mining.” Here's an excerpt.

1. Don't fall in love with the rocks

Ask a mining executive, and he'll tell you straight up: geology degrees are so 1970s. Remember, these days the business runs on financial engineering – not mining engineering. Sure, it helps to have a passing understanding of base metals and gems, but the crucial thing is a financial background.

Just take a look around. Frank Giustra, the mining promoter from Vancouver, is a former investment banker. Ian Telfer, the chairman of Goldcorp., is trained as an accountant. So is Greg Wilkins, Barrick Gold's chief executive officer, and Mick Davis, the man who built Xstrata PLC into a major force. Don Lindsay, the head of Teck Cominco Ltd., is a career investment banker. Ditto for CVRD boss Roger Agnelli, who out-duelled Mr. Lindsay to grab Inco, and Tye Burt, the head of Kinross Gold. Peter Marrone, the head of high-flier Yamana Gold? A former corporate lawyer turned investment banker.

Metallurgists and geologists, who are being shoved from the CEO chair by their smart-suited counterparts, have a fatal flaw, explained one industry type: “They fall in love with the rocks.” Translation? They get into cat fights over who has the better assets, instead of recognizing that in many cases, it isn't about the assets at all. It's about telling a good story and closing the deal.

2. Channel your Christopher Columbus

Exploring is a cinch. All you have to do is set up a company, wait for the markets to fall in love with a particular metal, and then tell the entire world you're hunting for it.

One word of caution, though — make sure not to look too carefully.

There's an old saw in the biz that “drill-holes ruin the story.” The moral? Try to avoid the so-called “truth machines” if you don't want to disappoint your investors. Don't scour your property unless you're really, really, sure you'll find something.

Just take a look around. More than 400 junior explorers have cropped up recently to take advantage of a frenzied worldwide demand for uranium. Never mind that only a fraction of these will survive, much less extract a motherlode of the radioactive yellow stuff – what matters is they can still raise money.

Same deal with molybdenum, that metal-of-the-moment whose name most explorers couldn't even pronounce a year ago. Today, it's at the centre of an exploration craze. Just remember what we said before: People like good stories, especially suspenseful ones. Keep them guessing.

3. A metal by any other name...

Not surprisingly, the biggest mining IPO in Canada last year was for a uranium company, First Uranium Inc. C But is it really a uranium player? According to company filings, First Uranium expects to receive more than 75 per cent of its revenues from gold once it starts production in a couple of years. Not that there's anything wrong with being a gold company – it just doesn't have the same pizzazz as uranium (at least not this year).

Just ask Trigon Exploration Canada Ltd., a diamond explorer that showed some savvy by rechristening itself Trigon Uranium. Presto! Its shares jumped almost sixfold last year, soaring from about 20 cents to $1.20. Coincidence? Perhaps.

There are still some throwbacks, though, like DRC Resources Corp. The company's flagship project has one billion pounds of copper, and far less gold – about a million ounces.

But that didn't stop DRC from changing its name to New Gold Inc. C in 2005. Gold companies tend to get better multiples than copper producers, and the rebranding effort certainly didn't hurt. New Gold's shares went on a tear following the name change, climbing from around $5 apiece to a high of $13.40 last year. Coincidence? You decide.

4. You are the market

You don't have to be an economist to figure out why metal prices have soared to record highs. This is supply and demand, right? China and India are placing orders for base metals faster than miners can dig them out of the ground, and prices are skyrocketing as a result.

For most people, the story ends here. Not for the smart money, though. Take uranium. Hedge funds and other financial players are further choking the supply chain by buying the metal and sitting on it for a while. (And you thought uranium was trading at $120 (U.S.) a pound just because of China?)

This isn't a bad strategy for an aspiring mining mogul, either. A new fund called Uranium Participation Corp. is snapping up concentrate, and in the process is helping the stock prices of industry players like Denison Mines Inc. (which happens to manage the fund, as well).

Still doubtful? Check out Sprott Molybdenum Participation Corp., a new fund that buys up the tongue-twisting metal as well as moly-related stocks.

Who are the hottest performers in the mining sector so far this year? Moly Mines (up more than 250 per cent), moly miner Thompson Creek Metals (up 70 per cent, and 515 per cent over the past 12 months), and moly/copper producer Mercator Minerals (up about 100 per cent).

5. Ask for advice:

There's nothing embarrassing about seeking out counsel – in fact, you should brag about it to everybody.

We know what you're thinking. In other industries, when a company hires a strategic adviser to explore its options, it takes great pains to keep things secret, since investors will assume that merger talks are afoot, and send the stock surging.

Thankfully, there aren't so many Nervous Nellies in the mining sector. Take Northern Peru Copper. It put out a press release this winter trumpeting that it had hired an adviser to “explore its options.” The stock went up. A week later, Northern Peru revealed its option: It wasn't merging – it was selling shares in the company (Alas, the financing was derailed, but you get the idea).

UraMin Inc. had better luck. In February it said it was hiring a financial adviser because of the frothy uranium market. Presto-chango, the stock went up 12 per cent that day. Within a week, the company announced it was selling $226-million worth of shares – a deal that was led by the same brokerage that acted as the strategic adviser. The only thing better than good advice is advice that comes this fast.

6. Do the asset shuffle:

Forget about all those team-first analogies, about how “1 plus 1 equals 3.” In mining, the whole is often worth less than the sum of its parts.

The problem is, when you're actually producing something, the market doesn't give you much credit for your exploration business. But it will give credit to a standalone junior explorer (remember those 400 uranium chasers?). If you're a mining executive, the solution is to spin off your exploration assets into a separate business – preferably at a decent price, since you're often acting as one of the buyers.

Have a look at B2Gold, which has interests in development projects in Colombia and Russia. The assets were owned by Bema Gold, which agreed to a takeover bid from Kinross Gold last year. Ex-Bema CEO Clive Johnson got to keep these development projects by paying Kinross $15-million (Canadian). Look for a B2Gold initial public offering in the fall, and let's just say it's a pretty good bet that the offering will raise a lot more than $15-million. That's fast money.

Yamana Gold, headed by Peter Marrone, has followed a similar path. It sold some property to a startup venture called Aura Resources, which counts Mr. Marrone as a director. Aura has also bought property from another company “related” to Mr. Marrone. And both Aura and Yamana share the same chairman, Vic Bradley.

Frank Giustra and Ian Telfer have perfected this move. They teamed up on Silver Wheaton, which was spun out of Wheaton River, and on Terrane Metals Corp. Their most recent project is Peak Gold Ltd., a company they created by buying a pair of mines from Goldcorp (where Mr. Telfer is chairman). These sorts of thumb's-length deals have long been a concern for investors in other sectors, but not so much in the mining world. It's just the way the business works.

7. The Shell Game

This is how you strike gold, without ever striking gold. The game itself is pretty simple: A mining promoter will buy a cheap “shell” company already listed on the stock exchange, gather some friends to help fund the acquisition, and then, some time down the road, load it up with mining assets (remember the shuffle?) and do another share offering. These deals can be very lucrative, especially if you're in a promoter's “circle of trust.” Being a banker is especially helpful.

Consider those who paid 5 cents a unit last year to buy into a shell company called Imperial PlasTech Inc. They included Mr. Giustra, along with several investment bankers and traders from three high-profile brokerages. For the latter group, it was a nice double-payday. When the mining promoters wanted to buy gold assets, stuff them into a shell and rename the company Peak Gold, who did they award the $326-million financing to? You guessed it – the same firms whose bankers and traders were invited to participate on the cheap.

This is all perfectly legal and publicly disclosed – but that doesn't mean everybody likes it.

“To be buying the cheap shares and then have the firm pushing the stock at a higher price to clients – that's not kosher,” says a banker at a firm that forbids the practice. One industry source referred to the move as “getting people pregnant,” and with Peak shares trading at around 80 cents apiece these days, that's quite a baby.

8. Get your director's diploma

One of the great perquisites of the mining business is being appointed to a company board – and the more friends you have (particularly in Vancouver), the better your chances. Consider UrAsia Energy. When the company recently agreed to a $3.8-billion takeover bid, its six directors were sitting on $4-million worth of stock options. Each. And they'd been on the board for less than two years. But the lucrative payday didn't stop there. Mr. Giustra, one of the directors, had also been given 6.2 million shares a year and a half ago – free. Director Ian Telfer, his good friend and business partner, got 2.2 million of his own, gratis. Gordon Keep, a colleague of Mr. Giustra's at Endeavour Financial (the company that collected $12-million advising UrAsia on the takeover), was awarded 525,000 free shares, while Robert Cross, a former brokerage colleague of Mr. Giustra's, was handed 500,000.

At some companies, the payday can be even quicker. The directors at Yamana Gold, for instance, didn't have to wait for a merger before they could cash out. In fact, they didn't have to wait for anything. Most stock options “vest” for a few years before directors or executives can cash out. Yet, in 2005, Yamana's directors were awarded stock options worth more than $1-million each, and they vested immediately. CEO Peter Marrone said at the time it was simply “a practice in the resource sector.” Not any more. Faced with criticism, the company stopped awarding options to directors.

9. Inspire a Letter Writer:

There's nothing better than having someone influential recommending your stock to retail investors. Take James Dines, the man behind The Dines Letter – a stock-picking report with a sizable following. Mr. Dines used to call himself “the original gold bug.” These days, he is the “original uranium bug,” and is touting a company called Mega Uranium Ltd. (as well as Pinetree Capital Ltd., which holds a big stake in Mega and shares the same chairman and CEO – Sheldon Inwentash). When the company revealed last year that regulators were investigating Mr. Inwentash for possible insider trading and stock manipulation, Pinetree shares plunged as much as 30 per cent. Enter Mr. Dines. He published a special edition of his newsletter, counselling readers to “back up the truck” and buy Pinetree shares. The stock rebounded, and finished the day up 4.2 per cent. Why does Mr. Dines like Mega Uranium and Pinetree so much? He didn't respond to requests for an interview, but he received 150,000 shares of a company called Maple Minerals Corp., in July 2005, for selling the rights to the name “Mega Uranium Ltd.” Maple Minerals of course, soon morphed into Mega Uranium and the share price has climbed from around $1 since Mr. Dines received his stock to over $6.

10. Move to Canada.

Please – enough whining about the supposed “hollowing out” of the Canadian mining sector. Sure, the old stalwarts like Inco and Falconbridge have disappeared and Alcan may be next. But what about the legion of foreign miners who are taking their place? Canada understands miners. Its markets offer them cheap access to capital, with none of that annoying “country risk” that comes with doing business in Africa or South America. The great thing is, foreign miners can take advantage of all this without ever having to endure our brutal winters.

Australia's Equinox Minerals, which is developing a big copper mine in Zambia, has already figured this out. Since arriving on the TSX, its shares have surged from around 50 cents to about $2.75.

Bankers know this too. The folks at BMO Nesbitt Burns Inc. pitched sxr Uranium One management on the move to North American markets a few years ago, correctly predicting the listing would give the South African company more visibility and a higher valuation. A couple of deals later, Uranium One is the second-largest uranium play on the TSX, with a market value over $5.5-billion.

Never mind that the CEO still lives in South Africa, or that the head of Equinox remains in Australia. This is common practice.

After Toronto-based LionOre Mining became the subject of a bidding war between a pair of foreign giants, the nickel miner took pains to explain it wasn't really Canadian after all. Its CEO, Colin Steyn, resides in London, and the Canadian work force consists of “five accountants,” according to one company insider.

So be careful about the hand-wringing when a “Canadian” company vanishes again; there's always another miner, foreign or otherwise, ready to take its place. And they've got a good chance of succeeding, as long as they know the tricks of the trade and investors continue to fall in love with the rocks.

[Asynchronmaschine]

FERROALLOYS
from: Ryan's Notes
Volume 13, No. 21 May 21, 2007
More Moly Business, Higher Prices

Significant moly consumer businesses in the US and Europe
last week showed that trader comments about tight market
conditions are more than just talk. Each reported sale was
followed by a higher-priced transaction. At the start of the
week, inter-trade briquette sales were done in Europe at $32
per lb. Chinese suppliers raised their oxide prices first to $32,
then to $32.50 and finally to $33-34. Later, traders said they
had sold briquettes to European consumers at over $33,
although it was difficult to confirm any sales over $32.50.
European mills made ferromoly purchases at $77.50-78 per
kg. One German mill, however, reportedly bought a truckload
of FeMo at just under $77.

Amajor US mill was able to buy four trucks of moly oxide
for June/July at under $31.50 per lb, sources reported. It is
believed that the purchase price for two trucks was in the low
$31s; the other two trucks are thought to have sold for closer
to $31.50. At the same time, traders who bid unsuccessfully
for the business said they had made oxide sales to other
consumers for June at well over $32.50. The US mill reportedly
also bought six truckloads of FeMo for June/July at
prices on either side of $36 per lb.
The US tender was being carefully monitored because so
few suppliers were able to offer material. Several producers
had to no-quote on the ferromoly, and many traders admitted
that they had submitted sky-high bids because of concerns
about securing material.

The rumor mill has been making the market even more jittery.
Predictions of the date on which the Chinese government
will increase the export taxes on ferromoly and moly
oxide exports continue to be revised, with the latest guess
being that the taxes could be raised from 10% to 15% or 20%
on May 20. Some traders said they were receiving many
offers of FeMo and oxide from Chinese suppliers, while
other traders said the Chinese were not active sellers.
Chinese FeMo prices were $74-75 per kg last week.
A source at Climax denied that there have been any production
problems. The company is meeting its customer
commitments, the source said. Some sellers have assumed
that Climax's production is less than planned because of an
increase in inquiries from consumers that usually rely on
Climax. "Demand is really strong, and many customers are
asking for more than their contracted amounts," said a trader.
He added, "Producer inventories are low, but this doesn't
mean they are having production problems."

[Asynchronmaschine]

[Asynchronmaschine]

Ml führt im heutigen Rennen

[Asynchronmaschine]

wäre nett
wenn wir die
6
hinter uns lassen
könnten

überhaupt noch einer hier?
man könnte mich für irre halten
rede hier scheinbar mit mir selbst

[kfe1000]

Antwort auf Beitrag Nr.: 29.560.578 von Asynchronmaschine am 31.05.07 17:50:06

sind alle bei stargold und energy wegen der guten aussichten

[Asynchronmaschine]

gleich mal auf dein posting antworten
damit der thread wieder nach oben rutscht

er wird aber bei der postingefrequenz in den substanzlosen schrottbuden
gleich wieder am ende stehen

[kfe1000]

Antwort auf Beitrag Nr.: 29.561.649 von Asynchronmaschine am 31.05.07 18:49:04

gegen die bezahlten schreiberlinge bzw broschen hast du keine chance

deine werte könnte man ja fast als kursraketen bezeichnen

[Asynchronmaschine]

"kursraketen" hat sich
die pusher mafia bestimmt schützen lassen

[internetexplorer28]

ne, bin dabei, bin aber froh das hier nicht ur müll gepostet wird. 1 seite pro Tag reicht völlig Die Zeit der prozentewütigen kommt schon noch

RSR hat heute geschrieben das Mercator als produzierende Molyfirma eher konservativ ist...

Na dann lieber konservativ in dieser Zeit hoch als anderes....

[Asynchronmaschine]

wäre mir neu
wenn wir schon moly produzieren

haben die das wirklich geschrieben?
naja brochen halt
sollten sich besser um die mafia push raketen kümmern

[Asynchronmaschine]

im heutigen rennen führt
na klar

[Asynchronmaschine]

6,50

[Asynchronmaschine]

6,6

[Asynchronmaschine]

nahe tageshoch geschlossen
dazu gute umsätze

[internetexplorer28]

Antwort auf Beitrag Nr.: 29.563.795 von Asynchronmaschine am 31.05.07 20:58:30

Haben Sie, aber ab und an haben die es ja auch nicht so mit Zahlen und Fakten. Ausserdem haben sie dann direkt ihre yukon empfohlen...also weiß man woher der Wind weht. Ist schön Aktien zu haben wo deutsches Geld und Lemminge noch nicht reingetrieben wurden

[dafi1974]

habe wochen eine gute aktie mit potenzial aber ohne pusher gesucht und jetzt das.ok aber so schlimm ist es nicht gestern fast 10% in plus .könnte jemand das reinstellen
danke

[Asynchronmaschine]

warte mal
wo ml
2009-10
steht

[dafi1974]

was haben die genau geschrieben dass MERCATOR schon moly produzent ist?bin gespannt ob heute in CAN weiter hoch geht oder ein ausverkauf stattfindet

[Asynchronmaschine]

ausverkauf

wer ML entdeckt
sich mal etwas näher mit dem thema befasst
kann nur zu einem schluss gelangen
kaufen und liegen lassen
vor 2 jahren war es eine kupferbude
das ist in 9 monaten geschichte
dann ist man auch noch moly-, silberproduzent
und ab 2009 kein kleiner
10 mill lbs moly pro jahr

[dafi1974]

bin neugierig wann dieser thread entdeckt wird und dann wie üblich zugemüllt mit kurszielen für den nächsten monat von 3-20 $

[Asynchronmaschine]

die guten werte -threads- werden
meist nie entdeckt
es gibt haufenweise threads
da kannst du dich 3 -4 anderen oder gar alleine unterhalten
mit etwas glück finden sich 10 mann zusammmen

verückt aber wahr
schau dir die eqn threads an
dazu dann mal den chart
oder rok

oder
oder
....
es gibt gar keine threads zu guten aktien hier
threads nur in kanada oder london

[Radikalinsky]

Antwort auf Beitrag Nr.: 29.571.606 von Asynchronmaschine am 01.06.07 12:34:56

und warum steigen die jetzt so plötzlich?
Finde keine news, auch nicht auf der Homepage.
Die Wettbewerber steigen nicht sonderlich.

[Asynchronmaschine]

es gibt nicht viele aktien
wer welche hat
wäre blöd
wenn er sie zu diesen kursen wieder geben würde
wer hier verkauft oder verkauft hat, hat 0 ahnung von bewertungen etc
nun kommen käufer in den markt
nur vielleicht will keiner grossartig verkaufen
bis auf ein paar träder
manchmal erstreckte sich die 10-er markttiefe über 1,5 usd und mehr
vermutlich wird einigen die krasse unterbewertung langsam klar
10 mrd usd wert im boden
schulden verhältnismässig klein
25 jahre minenlaufzeit + weitere mögliche reserven
bohrungen sprachen ja von vorkommen bis in 5000 fuss tiefe
sie produzieren bereits cu und generieren cash
immerhin geht es mit der moly produktion in < 1 jahr los
nur roca mines -in diesen wochen- geht demnächst in produktion
moly mines, aua, gmo sind noch einiges von der produktion entfernt
es spricht nichts dagegen
kgv etc alles lächerlich gering
wenn rohstoffpreise halbwegs halten

[Radikalinsky]

Antwort auf Beitrag Nr.: 29.572.992 von Asynchronmaschine am 01.06.07 13:59:24

Danke Async,

ich bin ja auch von ML überzeugt. Nur daß es gerade jetzt so hochgeht,
da kann man sich wohl im Moment nur rumraten.

Gruß
Radikalinsky

[Asynchronmaschine]

gleich erstmal mit hochstart
+0,27
6,83

[Asynchronmaschine]

heute heisst es durchatmen
dann angriff auf die 7
und 2009-10
nehmen wir die 20,25
und vielleicht auch die 30 can dollar
das sieht fundamental sowas von geil aus

[Asynchronmaschine]

[Asynchronmaschine]

oh
ein umsatz in deutschland

[dafi1974]

scheint so als nur 5 leute in D interesse hätten an der aktie

[dafi1974]

Antwort auf Beitrag Nr.: 29.627.821 von dafi1974 am 04.06.07 12:32:39

habe vor kurzem gelesen die abbaukosten für moly belaufen sich auf 3$/Lb bei TCM sind es weit über 6$,kann das einer bestetigen
und letzte woche soll doch ein BB was über mercator geschrieben haben kann es jemand reinstellen

[Asynchronmaschine]

ein guter wert
ist

[Asynchronmaschine]

Super-Ferritic Stainless Steels Drive
Molybdenum Use in Nuclear, Other Power Plants

http://4fxearth.net/phpBB2/smilies_mod/upload/1beb8b2ae6d616…

[Asynchronmaschine]

da lief was schief

hier ist der link

http://www.stockinterview.com/News/06042007/molybdenum-coppe…

[Asynchronmaschine]

6,8

[internetexplorer28]

Antwort auf Beitrag Nr.: 29.627.821 von dafi1974 am 04.06.07 12:32:39

Nein, bin derzeit aber mit anderen Werten beschäftigt, nicht alles läuft so rund seine Bahnen

Heute kam in einem BB etwas von Übernahmegerüchten? War damit etwas überfordert s.o. Ist das fundiert?

[Warren7]

bin natürlich auch noch dabei

die 6 könnten jetzt halten

[Vinyard]

Nur mal meine Meinung:

Ich denke Mercator wird übernommen; und wisst ihr von vom; von TCM!
Das verdichtet sich in meinen Augen ziemlich. Die Kursentwicklung von Mercator lässt durchaus auch darauf schließen.

Gibts sonst was neues von Mercator?

[Asynchronmaschine]

das wäre der größte mist
der ML aktionären passieren kann

[Asynchronmaschine]

die
7
iss da
die
7

[Asynchronmaschine]

jetzt ne 9
7,09

[Asynchronmaschine]

jetzt ne 14
7,14

[internetexplorer28]

Antwort auf Beitrag Nr.: 29.647.825 von Asynchronmaschine am 05.06.07 16:00:05

Rock ´n Roll

[Asynchronmaschine]

7,3
und kaum ein deutscher ist dabei
warum eigentlich?
keine mafia, kein bäcker

[internetexplorer28]

Antwort auf Beitrag Nr.: 29.649.601 von Asynchronmaschine am 05.06.07 17:16:03

Also ich finde den Thread nur über einen Usernamen...der sollte mal verlinkt werden.

Also zu den Take Over Gerüchten hab ich nichts gefunden ausser in einem Nebensatz von RSR.

[Asynchronmaschine]

wenn du oben im suchfeld
"mercator"
eingibts
und
nebenan
"stichwort"
zeigt er 2 threads an
u.a. auch diesen
die zuordnung zu minen etc
ist auch i.o.
allerdings dürfte das egal sein
denn wer den wert nicht kennt
sucht ja auch nicht danach
es muss sich erst rumsprechen
aber da es kein laufband geben wird
und keine andere mafia organisation sich
ml annehmen wird
wer will schon einen wert haben
der erhebliche reserven hat
und schon einnahmen zu verzeichnen hat
sowie tierisch expandiert
so werden wir wohl noch lange ein kleiner kreis bleiben
wer weiß
wo wir stehen
wenn die meute zusteigen will

[Asynchronmaschine]

7,40

[Asynchronmaschine]

schluss
aus
vorbei
7,4

[Olel]

Antwort auf Beitrag Nr.: 29.656.077 von Asynchronmaschine am 05.06.07 22:01:14

Hallo Asynchronmaschine,

das Schöne daran, dass wir so ein "kleiner Kreis" bei ML sind, ist, dass der Thread hier in der Vergangenheit sehr überschaubar und qualitativ hochwertig war.
Mit Deinen letzten Postings bist Du da sehr kontraproduktiv. Wir können alle selber Kurse verfolgen...

Gruß,
Ole

[mfierke]

Antwort auf Beitrag Nr.: 29.649.601 von Asynchronmaschine am 05.06.07 17:16:03

er gehört einfach an die Aktie dran ( muß verlinkt werden ) warum will oder macht das keiner

[Asynchronmaschine]

keine ahnung wie das mit der verlinkung geht
muss man persönlich bei w o in berlin vorbei schauen
helf mir auf die sprünge

zu ole
wenn der thread im minenforum
nicht ab und zu immer wieder nach oben gestellt wird
-durch postings aller art
und seien es nur kurse
wird nie einer auf ML aufmerksam
und sich für ML intressieren
und sie möglicherweise kaufen
sollte Ml mal so bekannt sein
wie MOL oder TCM
können auch deutsche käufer in kanada
den kurs treiben
denn so viele ML gibts ja zum glück nicht

es steht dir ausserdem die möglichkeit zu
mich einfach auszublenden
also
nur zu

[Olel]

Antwort auf Beitrag Nr.: 29.659.443 von Asynchronmaschine am 06.06.07 08:34:32

Na großartig! Hast Du Dir jetzt überlegt, dass Du diesen Thread in die Top-List bei WO bringen willst, damit ganz viele einsteigen, die dann zwar keine Ahnung haben was Mercator überhaupt macht - und das im Thread dann auch nicht mehr sinnvoll nachlesen können, weil sie die eigentlichen Informationen vor lauter Non-Postings nicht mehr finden -, aber schnell einsteigen, weil die Aktien en vouge ist? Großartige Taktik!

Natürlich kann ich Dich ausblenden, aber hast Du vielleicht mal darüber nachgedacht, dass ich nicht der einzige bin, der so denkt? Macht es Sinn, dass die Mehrzahl der Leser Dich ausblendet? Wäre es nicht vielleicht sinnvoller, einfach keine sinnfreien Postings zu machen?

Ole

[the_artlove]

Antwort auf Beitrag Nr.: 29.659.443 von Asynchronmaschine am 06.06.07 08:34:32

Also mir waers auch lieber, wenn man nicht immer die Kurse und die Charts posten wuerde - ich aergere mich schon seit laengerem darueber... Immer wenn ich nachsehe und ein neues Posting/Datum lese und dann die Website oeffne, aergere ich mich, dass nix substanzielles drin steht. Wir alle brauchen doch nicht taeglich Wasserstandsmeldungen...
Ist nicht unbedingt als persoenliche Kritik gemeint, bisher war der Thread sehr sachlich und informativ, und es waere schoen wenn es so bleiben wuerde...

[Radikalinsky]

12 June 2007
China to introduce export quotas for indium, molybdenum

China will apply export quotas and license management to two resource items – indium and molybdenum – beginning from June 18, said the Ministry of Commerce and the General Administration of Customs in a joint notice on Monday.
...

http://metalsplace.com/news/?a=12633

[internetexplorer28]

Kleine Empfehlung von Jennings zu Mercator:

http://www.jenningscapital.com/pdfs/ML06012007TargetRaised.p…

Eben schöner 100k Stück Sprung auf 7,8, den Gerüchten zufolge werden news erwartet (neue molyresourcen?)

Und jetzt wieder schön psssst, sonst hören uns die Lemminge

[RudiXXX]

Antwort auf Beitrag Nr.: 29.893.628 von internetexplorer28 am 14.06.07 16:49:12

Jennings ist äußerst konserative.
Auf Basis eines zukünftigen langjährigem Mittelpreis von 1,45$/lb kommen sie bei 8% Abzinsung auf ein Kursz7iel von 8,50CAD bis 06/2008

Der langfristige Cu-Preis wird jenseit von 2 CAD liegen. Zu beginn des 2.Quartals 2008 sollten, wenn die Phase 1 abgeschlossen ist ein Kurs von 10CAD realistisch sein

[internetexplorer28]

Antwort auf Beitrag Nr.: 29.905.122 von RudiXXX am 14.06.07 22:50:03

Ja, das mit den kurszielen ist so eine Sache, das von Cannacord bei Forsys war 5,75CAD, wurde 1 tag später erreicht oder so Aber ist doch schön, dass das konservative Kursziel höher als der aktuelle Kurs ist

[the_artlove]

Antwort auf Beitrag Nr.: 29.682.954 von the_artlove am 07.06.07 12:53:53

Wieder ein kleines Stueckchen weiter...sieht gut aus, steter fortschritt...
Mercator Provides Construction Update
Monday June 18, 8:15 am ET

TRADING SYMBOL: TSX - ML
KINGMAN, AZ, June 18 /CNW/ - Mercator Minerals Ltd is pleased to announce significant progress in the construction of the 50,000 ton per day concentrator at the Company's wholly owned Mineral Park Mine located in Kingman Arizona.

The two sag mill foundations have been poured and the forming of the support columns is well underway. The construction of the base for the tower crane is complete and the first tower section has been installed.

The SAG mills purchased by the Company in December 2006 were shipped last month from Vancouver to the Port of San Diego. The SAG mills have been moved from the Port of San Diego to Kingman by heavy haul trucks earlier this month. "The delivery of the SAG mills to Kingman is a major milestone and we are pleased to have them safely in Kingman," said Mike Surratt President & CEO. "We are very pleased with our on site construction team and their quality and schedule" said Surratt.

The new O&K shovel and four additional haul trucks recently purchased by the Company were put into service this month. Pit production has increased accordingly. The second shovel completes the loading unit requirements for the expansion at the mine. With the addition of the four haul trucks to the existing fleet, only two additional trucks are required for the expansion at Mineral Park, with the last two trucks not being required until next year.

Cathode production for May was 1,056,786 pounds and was the second highest month on record.

Mercator Minerals Ltd.

[RudiXXX]

Was für ein Bollwerk im brausenden Sturm
Diese Aktie entwickelt sich fantastisch.
Ohne großes Geschrei, unabhängig vom Markt, geht sie seiner fundamentalen Bedeutung entgegen.
Ich bin begeistert

[Radikalinsky]

ML steigt und steigt, die anderen Moly-Minen auch ...
Als einzigen Grund sehe ich das Übernahmefieber (Alcoa).
Gibt es sonst noch aktuelle Gründe?

Gruß
Radikalinsky

[RudiXXX]

Antwort auf Beitrag Nr.: 30.656.304 von Radikalinsky am 12.07.07 16:43:37

Sagen wir mal so:
Ian McDonald kennt eine Firma aus Arizona, die nächstes Jahr die Moly-Prodiktion aufnimmt.

Im Sprott Fond ist Mercator an 5. Stelle
Noch Fragen?
Alles klar.

[bmann025]

- kgv 1.x
- produzent
- und profitiert davon, dass sich die finanzierung neuer konkurrenten verzögert bzw. platzt

[bmann025]

heute konnte man viele stunden gut 10% unter pari kaufen.

und aus stockhouse dies:

...lower than five and change in margin availability kicks in and goes from 70% to under 50% marginable....I was watching that number all day....didn't need that added reason to panic sell some more of ML...

es scheint also so zu sein, dass sich auch bei ml neben hedgefonds auch privatanleger mit kreditsorgen tummeln. dass sie dies ausgerechnet bei einem sehr soliden, durchfinanzierten und unterbewerteten wert machen ist ja nachvollziehbar und auf jeden fall besser als bei schrottwerten.

weil aber offenbar viele leute auf diese scheinbar sichere idee gekommen sind, haben wir nun auch in solchen werten preise, die man eigentlich nicht mehr für möglich gehalten hat.

[Radikalinsky]

Ist zwar schon ne Woche alt, aber trotzdem gut. Am besten finde ich, daß die Mine im 2. Quartal 2008 in 50% Produktion geht.

Mercator Records Record Third Quarter Copper Production
Thu Oct 4, 8:16 AM

KINGMAN, AZ, Oct. 4 /CNW/ - Mercator Minerals Ltd is pleased to announce that its Mineral Park Mine located in Kingman Arizona, produced 3,093,615 lbs of cathode copper in the third quarter of this year. That is a record production for the Mineral Park SX/EW operation. "The operating crews at Mineral Park continue to operate one of the most efficient and safe mines in the business," said Mike Surratt President & CEO. "The continued high production and increased copper prices are generating excellent cash flows while we build the 50,000 ton per day copper/moly concentrator," said Surratt. Copper closed yesterday at $3.76 per pound and moly remained in the $31-$32 per pound range. The concentrator is scheduled to produce 56.4 million pounds of copper per year and 10.3 million pounds of moly at full production. Phase 1 start up is scheduled for the second quarter of 2008 (25,000 tons per day) and phase two the first quarter of 2009 (50,000 tons per day).

Construction Update

The two primary transformers were delivered to site last month and the foundations for both have been poured. Excavation of the reclaim tunnel area was completed. Rebar and forming are underway. The number one Sag mill concrete work is 90% complete. The mechanical setting of bearing months is underway with the first setting of sag mills set for next month.

Foundation work has started on the moly/copper cleaning circuit foundations. The regrind tower mill has been delivered on site, as well as the cyclone pack for the tower mill. The cleaner flotation cell is ready for shipment in Phoenix. All of the pumps for the operation are now on order.

The onsite construction and delivery of major equipment continues on schedule.

[Wiewel2005]

glückwunsch an alle investierten jetzt seid ihr zweistellig

[Dantyren]

TORONTO, Oct. 19 /CNW/ - The following issues have been halted by Market
Regulation Services (RS):

Issuer Name: Mercator Minerals Ltd
TSX Ticker Symbol: ML
Time of Halt: 10:29 A.M. EST
Reason for Halt: Pending News

[Punicamelon]

MERCATOR CORPORATE AND CONSTRUCTION UPDATES
TRADING SYMBOL: TSX – ML

Vancouver, B.C. – November 6, 2007 – Mercator Minerals Ltd. ("Mercator") (TSX: ML) today

announced that its wholly owned Mineral Park copper mine will not be affected by the recent
moves by the U.S. Congress to impose royalties on federally owned land. 100% of the Mineral
Park ore reserves are contained and situated on private land (surface and underground) owned by
the Company and therefore would not be subject to the proposed royalty structure.
The construction project for the Phase 1 expansion of the Mineral Park mine continues to make
significant progress. The first SAG mill is on site and being readied for installation. The second
SAG mill is in Kingman and is expected to be delivered to the mine site in the next month for
installation at that time. The ball mills required for Phase 1 are still on schedule for Q1, 2008
delivery. In the moly circuit and copper cleaner flotation areas, most of the foundation
excavation has been completed and concrete work is progressing on schedule. All major
equipment purchases for the expansion of operations have been made and are now on fixed price
delivery. Electrical transformers have arrived on site, the water supply has been secured, and
ancillary mechanical installations are proceeding. The construction camp now includes 100
workers. Operation of the mine and SXEW facilities continues uninterrupted during the
construction. The project remains on time for the startup of the 25,000 ton per day copper –
molybdenum milling operation in Q2 of 2008. The ball mill deliveries for Phase 2 of the
expansion are also still on schedule for Q1 of 2009.
The independent auditors have reviewed the unaudited financial statements for the period ended
June 30, 2007, and based on comments received, the Company has amended and re-filed the
financial statements and the management discussion and analysis for the three and six months
ended June 30, 2007. The net effect of amendment of the interim financial statements was to
record earnings of US$1,518,219 for the three month period ended June 30, 2007 rather than the
net loss of US$6,507,559 previously reported by the Company. The net loss reported for the six
month period ending June 30, 2007 was reduced to US$6,446,466, improved from a previously
recorded net loss of US$11,104,350. The changes arise primarily due to reclassification of the
provision for income tax and of interest expense related to the financing completed in February
of 2007.

http://www.mercatorminerals.com/files/2007-11-06%20NR.pdf

[neptuno123]

Habe soeben festgestellt, dass ich noch 10K verstaubte
ML in meinem Depot habe. (Kleiner Scherz am Rande) Nur ein bis zwei Mal im Jahr auf den Kurs
schauen und das Zeug einfach laufen lassen, wäre manchmal nicht falsch.

[Olel]

Antwort auf Beitrag Nr.: 33.415.137 von neptuno123 am 19.02.08 19:43:11

Manche müssen es ja echt dicke haben, wenn sie ein Aktienpaket im Wert von ca. 75.000 EUR in ihrem riesigen Depot gar nicht bemerken...

Hat jemand eigentlich eine Erklärung für das Plus von fast 10% gestern in Kanada? Ich meine, wir sind es ja eigentlich gewohnt, dass ML ohne viel Aufhebens steigt und steigt, aber manchmal wäre eine gute Nachricht zur Untermauerung des Kursverlaufs doch auch schön.

[Videomart]

Corriente has not bought any ROK since April 23 (10k at $2.65).
They continue to buy MLY with purchases of 310k shares so far in June.
So they must have confidence in Moly price stay at $30 +.

Quelle:
stockhouse.ca

[Videomart]

Copper mine ramps up production

Aaron Royster, Miner Staff Reporter
Friday, June 13, 2008

http://www.kingmandailyminer.com/main.asp?SectionID=1&subsec…

[Videomart]

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton
Jun 12, 2008 - 18:25 EST

TRADING SYMBOL: TSX - ML VANCOUVER (CNW) - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).
Commenting on the closing, Michael L. Surratt, President and Chief Executive Officer of Mercator, said: "We are delighted to have completed this important transaction with Silver Wheaton. Silver at Mineral Park is a by-product of the copper and molybdenum operation, and represents less than 2% of our payable revenue at Mineral Park. By monetizing most of our silver revenue now, we will obtain funds that can be used to pay for the second stage of the construction of the Mineral Park milling facilities, expected to increase the operation to 50,000 tons per day. By having the funds now rather than waiting on phase one cash flow, we can save money completing many construction activities now while we have construction workers on site, rather than needing to remobilize after phase one. In addition, we will have the opportunity to accelerate phase two equipment deliveries. Every day we can speed up Phase Two is very important to our bottom line."

Surratt also stated: "It was a pleasure dealing with the Silver Wheaton team and we look forward to a long term relationship with them."

The up-front payment will be used for the completion of the second phase of the Mineral Park mill expansion to a 50,000 ton-per-day milling operation with production of copper and molybdenum concentrates expected, as previously disclosed, to average 56.4 million pounds of copper, 10.3 million lbs of molybdenum and 0.6 million ounces of silver per year over the first 10 years of operation.


http://www.canadianbusiness.com/markets/cnw/article.jsp?cont…

[Videomart]

Wire: BLOOMBERG News (BN) Date: 2008-06-20 21:04:09
Mercator Is Worth Double Current Price, Chief Says (Update1)

By Stewart Bailey

June 20 (Bloomberg) -- Mercator Minerals Ltd. said potential acquirers including Thompson Creek Metals Co. and Quadra Mining Ltd. would have to pay as much as $2 billion,more than double the current market value, to successfully takeover the company.
Thompson Creek, based in Toronto, and Vancouver-based Quadra are the ``obvious'' candidates to try to acquire Mercator, Chief Executive Officer Michael Surratt said yesterday in a telephone interview from Kingman, Arizona, where the company is based. The company would cost ``$1.5 billion to $2 billion,'' he said.

Mercator, like larger competitors Thompson Creek and Freeport McMoRan Copper & Gold Inc., is racing to tap molybdenum deposits to exploit a fivefold surge in prices since 2003. The metal, used to toughen steel for drill bits and pipelines, is in increasing demand as crude oil trades at record levels.
``If someone wants to walk in and give us $20 or $25 a share, we'll have to ask our shareholders,'' said Surratt, who added the company is not in any sale negotiations. ``I think it'll take that kind of money to do it.''

Mercator rose 12 cents, or 1 percent, to C$11.78 at 4:10 p.m. in Toronto Stock Exchange trading, giving the company a market value of about C$879 million ($865 million). The shares have gained 43 percent in the past year.
Mercator's Mineral Park mine in Arizona is scheduled to begin production in October and produce 10.3 million pounds of molybdenum and 56 million pounds of copper a year.

`Long-Life Asset'

``Anytime you have a long-life asset that's fully permitted, a mining company has to look at it,'' said Ron Coll, an analyst at Jennings Capital Inc. in Toronto. ``It's awfully attractive to a lot of major mining companies and we're likely to see a transaction before the end of 2008.''

While Quadra and Thompson Creek are ``logical'' acquirers, there are others that may be interested in buying Mercator for
exposure to molybdenum, Coll said in a telephone interview.
Linda Martineau, a spokeswoman for Thompson Creek, said today that ``executives are reviewing possible acquisitions but don't comment on specific companies.'' Sophie Taylor, a spokeswoman for Quadra, would not comment.

Mercator's share price should increase to about $20 as Mineral Park starts production, Surratt said. That target is higher than the $14.35-a-share average forecast of four analysts surveyed by Bloomberg. All four rate the shares ``buy.''

Molybdenum trades at $32.88 a pound, according to data provided by Metal Bulletin. The metal from the mine will be produced at a cost of $5.50 a pound and will be sold by U.K.-
based Derek Raphael & Co. Ltd.
A contract for the sale of the mine's copper will be concluded early next month, Surratt said, without naming the buyer.
Mineral Park will have earnings before interest, tax, depreciation and amortization of $450 million a year, Surratt
said.

--Editors: Steven Frank, Steve Stroth.

To contact the reporter on this story:
Stewart Bailey in New York at [phone] or
[e-mail].

To contact the editor responsible for this story:
Kevin Orland at [phone] or [e-mail].

[Videomart]

Bestes Kurs-Gewinn-Verhältnis für 2009 im Mid Cap Base Metal Bereich : Mercator Minerals

[Videomart]

Antwort auf Beitrag Nr.: 34.866.518 von Videomart am 26.08.08 16:52:34

Quelle:
http://www.kitco.com/ind/matlack/aug182008.html
(Thx bmann025!)

[Videomart]

04. September 2008 17:42
LME-Board genehmigt Kontrakte für Molybdän und Kobalt

LONDON (Dow Jones)--Die Londoner Metallbörse will im zweiten Halbjahr 2009 zwei Nebenmetallkontrakte für Molybdän und Kobalt einführen. Wie die Börse mitteilte, wurden beide Kontrakte am Donnerstag vom Board genehmigt, und die Einführung soll nun in Abstimmung mit den Marktteilnehmern vorbereitet werden. Dabei soll eine ähnliche Vorgehensweise wie bei den neuen Stahlfutures gewählt werden: Eine Versuchsphase wird im Juli beginnen, der offizielle Start ist dann für Oktober vorgesehen. Der Chief Executive der LME, Martin Abbott, verwies auf die jüngste Volatilität der beiden Märkte. Dadurch habe sich der Bedarf an einem börsengehandelten Produkt in dem Sektor herauskristallisiert. Kobalt wird in der Luftfahrtindustrie und für wiederaufladbare Ionenbatterien verwendet, Molybdän dient zur Herstellung von Flugzeugteilen, Motoren und Filamenten. Es handelt sich um Nebenprodukte aus dem Kupfer- bzw Nickelbergbau. Die LME offeriert bereits Kupfer- und Nickelkontrakte und ist der Ansicht, dass die im Bergbau dieser beiden Metalle tätigen Unternehmen auch am Börsenhandel der neuen Produkte interessiert sein dürften.

Die Preise für Kobalt sind unter dem Druck billiger Metallexporte aus China und wegen der gegenwärtigen Sommerflaute nach unten gegangen. Kobaltkathoden von 99,3% werden derzeit zu 25,50 USD/lb gehandelt, das bedeutet einen Rückgang um 24% gegenüber Anfang August, als der Preis bei 34,00 USD/lb gelegen hatte. Der Kobalthandel beobachte die Entwicklungen um die neuen Kontrakt aufmerksam, erklärte der Vorsitzende der Minor Metals Trade Association (MMTA) , Charles Swindon. Bisher sei noch nicht klar, wie die Vorschläge genau aussehen, man warte nun auf substanziellere Berichte. Die MMTA hatte sich entschieden gegen die Entwicklung der Kontakte ausgesprochen, als die LME Anfang des Jahres erstmals solche Pläne veröffentlichte.


http://boersen.manager-magazin.de/spo_mmo/news.htm?id=279872…

[Popeye82]

[Videomart]

Mercator Starts Commissioning of the Mineral Park Mill

Last update: 11:42 a.m. EDT Oct. 21, 2008
VANCOUVER, Oct 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- TRADING SYMBOL: TSX - ML
Mercator Minerals Ltd. ("Mercator") is pleased to announce that the commissioning process is well underway at its wholly owned Mineral Park Moly-Copper project. The following are major milestones that have been completed during the construction and commissioning process:

- The mill operating crews were hired October 1st and are completing
pre start up training;
- The upgraded water and power systems are complete and are
operational;
- Crusher hopper, feeder, grizzly and feeder belt are complete;
- Stacker and feeder belt installation complete;
- Reclaim tunnel, feeders, and SAG feed conveyor complete;
- SAG mill installation complete;
- Number one Ball mill complete and number 2 complete this week;
- Moly-Copper rougher float tanks complete;
- Copper cleaner cells complete;
- Moly cells complete;
- Thickeners complete;
- Tailings discharge line complete.


"The final stages of the commissioning of the mill facility are expected to take 2-3 weeks in order to get Phase 1 up and running" said Mike Surratt, Mercator's President and CEO. Over 75 of the approximately 90 motors in the Moly/Copper concentrate building have been turned over and run. The engineering, suppliers and contractor companies for the large 3500 hp. and 7500 hp. motors, are on site and are commencing their start up procedures. As the major components are being tested, the final piping and electrical connections are being completed. "We have a very detailed startup procedure that is proceeding 24/7. Our construction team and mill operations personnel are working very closely, moving towards start-up" said Surratt.
"As a result of our strong financial position over the last two years we have not only been able to get Phase 1 complete and starting, but we have completed approximately 40% of Phase 2 of the expansion project at Mineral Park", commented Surratt. "The remainder of Phase 2 construction will be paid for out of Phase 1 cash flow. By completing a number of the Phase 2 items during Phase 1, we have realized significant construction savings" said Surratt.
Major items completed to date for Phase 2 of the expansion at Mineral Park
include the following:

- Installation of the Phase 2 SAG mill complete with recycle conveyors
and discharge screen;
- Phase 2 Ball mill bases completed;
- Phase 2 Ball mills 60% paid for;
- Phase 2 reclaim tunnel complete;
- Phase 2 reclaim conveyors and steel on site;
- Phase 2 copper cleaner circuit installed;
- Phase 2 Moly circuit installed;
- Phase 2 thickner tank complete.


Mercator Minerals Ltd.
Mercator is a copper producer that owns and operates the Mineral Park copper/molybdenum mine, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit and growing through mergers and acquisitions. Mercator is in an advanced stage of construction of the molybdenum-copper expansion at Mineral Park. At full capacity, the Mineral Park mine average annual production during the first 10 years is forecast to be approximately 56.4 million pounds of copper, 10.3 million pounds of molybdenum and 0.6 million ounces of silver.
On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"
Michael L. Surratt,
President


This press release contains certain forward-looking statements, which include estimates, forecasts, and statements as to management's expectations with respect to, among other things, the size and quality of the Company's mineral reserves and mineral resources, future production, capital and mine production costs, demand and market outlook for commodities, and the financial results of the Company. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary.
Factors that may cause actual results to vary include, but are not limited to, changes in commodity and power prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials and equipment, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. These risks are described in more detail in the Annual Information Form of the Company. The Company does not assume the obligation to revise or update these forward-looking statements after the date of this report or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
For a more complete discussion, please refer to the Company's audited financial statements and MD&A for the year ended December 31, 2007 on the SEDAR website at www.sedar.com.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.


SOURCE Mercator Minerals Ltd.



http://www.marketwatch.com/news/story/mercator-starts-commis…

[Videomart]

02.12.2008 14:38
Mercator Minerals Commences Producing Copper-Moly Concentrates at Its Mineral Park Mine

VANCOUVER, Dec. 2 /PRNewswire-FirstCall/ -- Mercator Minerals Ltd. (News) ("Mercator") is pleased to announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report.

"In less than two years from completion of pre feasibility, Mercator has financed, engineered, procured equipment, and constructed one of the largest and certainly the most modern mill in North America," said Mike Surratt, President&CEO. "It is a real tribute to our operating team, contractors and suppliers that this large scale project was completed in such a short time, in a period of high demand for equipment, goods and services across the mining industry," Surratt added.

Construction of the Phase 1 mill and major components of the Phase 2 expansion commenced in April 2007. Phase 1 of the mill is now complete and is producing copper and molybdenum concentrates. Phase 1 is designed to process at least 25,000 tons per day of ore. The crushing and conveying system, previously considered a potential restriction to throughput, over the past month has operated at rates of more than 50% above design capacity, suggesting that higher than design throughputs may be achievable even before the Phase 2 mill expansion is completed. In addition, approximately 70% of the Phase 2 mill expansion, has been completed, including the second SAG mill foundations and mill reconditioning, reclaim tunnel, ball mill base foundations, cleaner copper circuit, moly circuit, tailings embankment, tailings thickener tank, and water wells.

"Although metal prices have been under a lot of pressure of late, they are still in line with the prices that were used in our technical study economics that were done before the run up in metal prices," said Mike Surratt. "The robust economics for the Mineral Park mine are driven by a number of factors, including lower capital for a brown field project (with significant infrastructure already in place), an exceptionally low strip ratio (0.18 tons of waste for each ton of ore), short haul distances, excellent mining conditions, and an SX-EW facility that has been producing copper and cash flow throughout the entire design and construction period."

Some of the highlights of the December 29, 2006 Technical Report previously announced on January 8, 2007, are set out below (all amounts in US$):

- Life-of-mine average metal prices used in the economic model: $1.53
per pound of copper, $10.16 per pound of molybdenum, $7.50 per oz of
silver;

- Metal prices used in the reserve model were $1.40 per pound of
copper, $7.50 per pound of molybdenum and $7.50 per ounce of silver;

- $426 million after-tax net present value at an 8% discount rate;

- 51% internal rate of return (IRR), after-tax;

- 25 year mine life;

- Production averaging 56.4 million pounds of copper, 10.3 million lbs
of molybdenum and 0.6 million ounces of silver over the first 10
years of operation;

- Strip ratio of only 0.18 tons of waste for 1 ton of ore;

- Two stage development with Phase 1 mill throughput of 25,000 tpd of
ore and a Phase 2 expansion to 50,000 tpd;

- Average of $55 million in operating cash flow per year, after taxes,
over the first 10 years of operations at these assumed metal prices;

- Proven and probable mill reserves of 437 million tons at a copper
equivalent grade of 0.368%, of which 82% is proven, and an additional
proven leach reserve of 82.5 million tons at an average grade of
0.07% copper;

- Life-of-mine production of 1.1 billion lbs of copper, 257.5 million
lbs of molybdenum and 13.7 million ounces of silver;


Mercator Minerals is a TSX listed mining company with only 74.8 million shares issued and an experienced management team that has brought one of the largest and most modern mining projects in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.

Gary Simmerman, P.Eng., Mercator's VP Engineering, a Qualified Person as defined by NI43-101, supervised the preparation of and verified the technical information contained in this release.

Mercator Minerals Ltd.

Mercator is a copper producer that owns and operates the Mineral Park copper/molybdenum mine, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit and growing through mergers and acquisitions. Mercator is in an advanced stage of construction of the molybdenum-copper expansion at Mineral Park. At full capacity, the Mineral Park mine average annual production during the first 10 years is forecast to be approximately 56.4 million pounds of copper, 10.3 million pounds of molybdenum and 0.6 million ounces of silver.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,
President

This press release contains certain forward-looking statements, which include estimates, forecasts, and statements as to management's expectations with respect to, among other things, the size and quality of the Company's mineral reserves and mineral resources, future production, capital and mine production costs, demand and market outlook for commodities, and the financial results of the Company. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary.

Factors that may cause actual results to vary include, but are not limited to, changes in commodity and power prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials and equipment, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. These risks are described in more detail in the Annual Information Form of the Company. The Company does not assume the obligation to revise or update these forward-looking statements after the date of this report or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

For a more complete discussion, please refer to the Company's audited financial statements and MD&A for the year ended December 31, 2007 on the SEDAR website at http://www.sedar.com/.

The Toronto Stock Exchange does not accept responsibility for the

adequacy or accuracy of this press release.


http://www.finanznachrichten.de/nachrichten-2008-12/12524707…

[Videomart]

MBMOEUOX:IND
Mo Drummed Molydbic Oxide EU

12/05/2008 Currency: USD

Value
10.38
Change
0.575
Change%
5.867



http://www.bloomberg.com/apps/quote?ticker=MBMOEUOX%3AIND#

[Martin12345]

Antwort auf Beitrag Nr.: 36.166.274 von Videomart am 08.12.08 14:58:25

Mercator's share price should increase to about $20 as Mineral Park starts production, Surratt said. That target is higher than the $14.35-a-share average forecast of four analysts surveyed by Bloomberg. All four rate the shares ``buy.''

Wie schnell sich das Blatt dreht.

[Martin12345]

Mit dieser Aktie stimmt irgendetwas nicht. Wobei ich weniger die fundamentalen Daten meine, sondern die täglichen Kursverläufe. Ich werde das Gefühl nicht los, dass hier stängig der Kurs runtergedrückt wird.

Meinungen dazu?

Grüße
Martin

[Videomart]

Antwort auf Beitrag Nr.: 36.183.505 von Martin12345 am 10.12.08 21:23:32

Zwei Möglichkeiten gibt es:
Entweder der Kurs wird hochgehalten, damit langsam abgeladen werden kann, oder der Kurs wird gedrückt, aus welchen Gründen auch immer.
Eigentlich ist Mercator ein aussichtsreicher Wert. Ich habe keine Ahnung, warum hier ein derartiger Verfall stattfindet.
Die Moly-und Kupferpreise alleine können es nicht sein.
Daß hier Manipulation im Spiel ist, liegt wohl ziemlich klar auf der Hand, aber warum??

Wäre nett, wenn sich hier mal mehrere User mit ihrer Meinung zu Wort melden würden!

[Videomart]

Antwort auf Beitrag Nr.: 36.183.929 von Videomart am 10.12.08 22:43:12

Laut Bill Matlack ist ML einer der aussichtsreichsten Werte überhaupt, alleine CVRD
schneidet besser ab...

http://www.kitco.com/ind/matlack/sep222008.html

[Martin12345]

Was bedeuten eigentlich die ganzen 500er Pakete, die über den ganzen Tag verstreut, gehandelt werden?

Grüße
Martin

[Martin12345]

Antwort auf Beitrag Nr.: 36.189.550 von Martin12345 am 11.12.08 17:50:28

Geheimsprache unter Market Maker bzw. Broker
Wurde vor Jahren von Art gepostet. Ob es stimmt kann ich jedoch nicht sagen.

100 - I need shares
200 - I need shares badly,but do not take it down
300 - take the price down to get shares
400 - trade it sideways based on supply and demand
500 - gap one way or another,to the direction of the 500 trade.

[Videomart]

Antwort auf Beitrag Nr.: 36.189.642 von Martin12345 am 11.12.08 17:59:33

Meiner Meinung nach wirde die Aktie mit den 500er-Trades in einem bestimmten Bereich gehalten, vielleicht, um den Kurs unten zu halten, wer weß...

Tatsache ist, daß am Freitag unter anderen Goldman Sachs auf der Käuferseite zu finden war und eine Reihe von Blöcken aus dem Ask gekauft wurden, daher der nette Kursanstieg.
Im "stockhouse-board" wird das Auftauchen von Goldman Sachs überwiegend positiv bewertet.

[Videomart]

Anonymous bisher größter Käufer, 55k.
Hoffentlich werden diese Shares später nicht wieder zum "Drücken" benutzt...

[Videomart]

aus "stockhouse":


Investor0072
12/12/2008 8:55:27 PM

Trading blocks this week

I only considered blocks of minimum 10,000 shares.

Monday December 8:

6 blocks traded at the bid for a total of 93,000 shares
6 blocks traded at the ask for a total of 164,500 shares
Together they represented 29 % of total trading volume
Biggest block was 84,500 shares.

Tuesday December 9:

9 blocks traded at the bid for a total of 767,500 shares
15 blocks traded at the ask for a total of 355,000 shares
Together they represented 72 % of total trading volume
Biggest block was 587,500 shares


Wednesday December 10:

21 blocks traded at the bid for a total of 1,367,500 shares
30 blocks traded at the ask for a total of 561,000 shares
Together they represented 76 % of total trading volume
Biggest block was 1,000,000 shares

Thursday December 11:

4 blocks traded at the bid for a total of 1,330,000 shares
15 blocks traded at the ask for a total of 400,500 shares
Together they represented 78 % of total trading volume
Biggest block was 1,103,500 shares

Friday December 12:

6 blocks traded at the bid for a total of 105,000 shares
8 blocks traded at the ask for a total of 164,500 shares
Together they represented 37 % of total trading volume
Biggest block was 43,500 shares


Friday was different than the other days. The biggest block order was smaller than other days and the block orders also represented a smaller percentage of total trading volume.

There was a big seller this week (and before), who was clearly in trouble otherwise you don't sell at the lowest point in months. But there is also big buying since the price didn't go down anymore.

3,673,000 shares of the block orders were traded on the bid and 1,645,000 on the ask while 46 trades happened at the bid and 74 at the ask. Experienced traders tried to cumulate at the bid while smaller traders chased it at the ask. That could explain the biggest volume on the bid but the most trades on the ask.

If the troubled seller is done, the move up could be violent.


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

[Videomart]

Chile Codelco sees copper market normalizing in 2011
(Reuters)
Updated: 2008-12-16 10:38

The supply and demand dynamic of copper should normalize around 2011, the chief executive of Chile's state copper giant Codelco, the leading world producer, said Monday.

"We are going to face a complex period," Jose Pablo Arellano told hundreds of subcontract miners at a conference in the Chilean capital of Santiago.

He said prices for copper, Chile's main export, would only stabilize once the global financial crisis eases.

"In 2011, we will see prices normalize at levels above long-term trends, not at $4 a lb, but at levels above long-term prices," Arellano said. He did not say what he meant by long-term trends and prices.

Strong prices, driven by limited supplies and booming Asian demand, helped push Chile's trade surplus to record levels in recent years.

But the price of the metal has plunged on world markets in recent months, prompting the central bank to scale back its economic growth forecasts. Copper prices have more than halved since record levels of over $4 per lb in July as a global slowdown hit demand.

The central bank last month cut its economic growth forecast for 2009 to between 2.0 and 3.0 percent from 3.5 to 4.5 percent, citing the spiraling global financial crisis and plunging prices for copper, its chief export.

It then also cut its estimated average copper price for 2009 by nearly half, to $1.65 per lb from the $3.10 a lb it had estimated in September.


http://www.chinamining.org/News/2008-12-16/1229395167d20208.…

[Martin12345]

Antwort auf Beitrag Nr.: 36.214.497 von Videomart am 16.12.08 15:21:25

Weshalb ist eigentlich der Euro gerade so stark? Seitdem die Zinsen massiv gesenkt wurden, gibt es nur noch eine Richtung.

[Videomart]

Antwort auf Beitrag Nr.: 36.215.984 von Martin12345 am 16.12.08 17:53:55

Gegenüber dem US-Dollar fiel der Euro während der zweiten Jahreshälfte stark ab.
Immer dann, wenn Rohstoffe und Gold schwächeln, steigt der US-Dollar.
Hoffentlich dreht sich das Blatt jetzt wieder, aber bitte ohne eine weitere Entwertung des Kanada-Dollar...

[Videomart]

WORLD COPPER MARKET REVIEW
(Week of 8-12 December 2008)
http://www.kitco.com/reports/cochilco_dec122008.pdf

[Videomart]

Metals Report
Wednesday, December 17th, 2008
http://www.kitco.com/reports/metals_dec172008.pdf

[Videomart]

Copper Tumbles to Lowest Since January 2005 as Demand Dwindles

By Millie Munshi

Dec. 17 (Bloomberg) -- Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year.

Confidence in the world economy fell in December as the economic contraction spread, a survey of Bloomberg users on six continents showed. Copper supplies outpaced demand by 30,600 metric tons in the 10 months ended Oct. 31, the World Bureau of Metal Statistics said today. The metal is down almost 55 percent this year, heading for a record annual decline.

“There is no doubt that the outlook for metals demand over the next few quarters is grim,” analysts at Barclays Capital said in a report today. “Copper is the metal we would identify as having the furthest downside potential from current levels.”

Copper futures for March delivery dropped 0.6 cent, or 0.4 percent, to $1.3725 a pound at 12:19 p.m. on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $1.3285, the lowest since Jan. 4, 2005.

“Base metals are going to suffer for at least another year with the economy,” Gijsbert Groenewegen, a fund manager at Gold Arrow Capital Management in New York, said yesterday. “It’s not going to be a pretty next couple of months.”

Climbing copper inventories have pointed to sagging demand. Stockpiles monitored by the London Metal Exchange added 1 percent to 321,900 metric tons today. Supplies tallied by the LME are up 63 percent this year.

Copper demand will lag behind production next year and the market will have a surplus of 144,000 tons of metal, Barclays forecast. That compares with an estimated shortfall of 60,000 tons in 2008, the bank said.

Currency Supports Copper

Still, copper pared declines today as the dollar plunged against the euro, spurring demand from investors seeking alternative assets, said Ron Goodis, a retail-trading director at Equidex Brokerage Group Inc. in Closter, New Jersey.

“If the weakness in the dollar continues, it may spark a rally for all these commodities,” Goodis said. “Copper might be a follower.”

The euro gained as much as 3.1 percent against the dollar today, to $1.4437.

Copper may get a boost in the long-term as mining companies, faced with declining profits, curb production and limit supplies, Goodis said.

Anglo American Plc today cut planned investment by more than half as a rout in metals prices thwarted its $45 billion expansion program. The company joins Rio Tinto Group and Freeport-McMoRan Copper & Gold Inc., the world’s biggest publicly traded copper producer, in taking steps to reduce output and trim expansion.

On the London Metal Exchange, copper for delivery in three months dropped $40, or 1.3 percent, to $3,030 a metric ton ($1.37 a pound). The price reached a record $8,940 on July 2.


http://www.bloomberg.com/apps/news?pid=20601012&sid=ayGb_kD7…

[Martin12345]

Und weiter gehts runter.
Ich bin mir fast sicher, dass wir im 1. Quartal bei <$1/lb stehen werden. Was das für die Produzenten heißt, kann sich jeder ausmalen.



Grüße
Martin

[Martin12345]

Copper Drops to Lowest Since October 2004 as Inventories Climb


By Millie Munshi

Dec. 18 (Bloomberg) -- Copper fell to the lowest price in more than four years as metal inventories climbed, signaling waning demand amid a global recession.

Stockpiles monitored by the London Metal Exchange rose 0.7 percent today to 324,175 metric tons, the highest level since Feb. 12, 2004. Supplies have surged 64 percent this year. Global copper production exceeded demand by 30,600 tons in the 10 months ended Oct. 31, the World Bureau of Metal Statistics said yesterday. The metal’s price has dropped 57 percent in 2008.

“Demand concerns are overriding,” Edward Meir, an analyst at MF Global Ltd. in Darien, Connecticut, said in a report. The drop today is “attributable to rising LME stock levels,” he said.

Copper futures for March delivery dropped 6.3 cents, or 4.6 percent, to $1.31 a pound at 12:09 p.m. on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $1.296, the lowest for a most-active contract since Oct. 29, 2004.

The metal extended losses after a report showed the index of leading U.S. economic indicators fell in November, underscoring economists’ projections that the current U.S. recession will be the longest in the postwar era.

“There’s just no demand out there now,” said Michael Gross, an analyst at OptionSellers.com in Tampa, Florida. “With every economic report that comes out, it just feels like there’s no light at the end of the tunnel. Things are just getting bleaker and bleaker.”

Automakers, Builders

Copper is poised for the biggest annual decline ever after demand by manufacturers, automakers and builders plunged. General Motors Corp., Ford Motor Co. and Chrysler LLC will shutter about 59 factories over the next month amid the lowest sales in 26 years.

Copper may fall below $1 in 2009, Gross forecast. The last time copper traded at that level was in December 2003.

“Demand will be down substantially,” Gross said. “It’s very realistic that we could go back 50 cents and be near those levels. We’ve already come down so far so fast. At this rate, it won’t take long to approach those lows.”

On the LME, copper for delivery in three months dropped $125, or 4.1 percent, to $2,895 a metric ton ($1.31 a pound). The price reached a record $8,940 on July 2.

[Martin12345]

Da lädt aber jemand gewaltig ab.

[Videomart]

Friday, 19 Dec, 2008

Chilean November molybdenum exports down by 50% YoY

Platts reported that the value of Chile's exports of ferromolybdenum and molybdenum halved in November 2008, dropping 49.9% YoY to USD 179 million from USD 357.3 million in the same month of last year.

The figures reflect the sharp drop in international molybdenum prices which have fallen to less than USD 10 per kilogram, from more than USD 30 per kilogram just a few weeks ago, and lower production from Chile's large copper mines, several of which produce the minor metal as a byproduct.

Molybdenum production to October 30th 2008 totaled 27,341 tonnes, down by 26.2% YoY from the same period of last year.

Exports for the first 11 months of 2008 were valued at USD 3.221 billion, down by 7% YoY from USD 3.467 billion in the same period of last year. Chile is one of the world's leading molybdenum producers.

http://www.steelguru.com/news/index/2008/12/18/NzU4MDE%3D/Ch…

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.85/lb
As of Dec. 17, 2008

[Videomart]

China launches metal stock build with first indium buy
Fri Dec 19, 2008 5:58am EST
(Recast with more metals)

By Polly Yam

HONG KONG, Dec 19 (Reuters) - China launched its drive to dramatically expand government metal stockpiles this week, buying indium for the first time ever and starting negotiations to add to zinc and aluminium inventories, sources said on Friday.

The campaign may gather pace in the coming days as the State Reserves Bureau, which is responsible for buying and managing the country's metals reserves, aims to soak up domestic surpluses and keep Chinese smelters operating as a sharp economic slowdown quashes demand.

The SRB bought 30 tonnes of indium -- a minor metal used in making LCD screens -- from a large Chinese smelter on Wednesday, a trade source familiar with the deal said on Friday. China is the world's top producer of indium, a by-product of zinc output.

Smelter officials said the SRB is expected to start buying zinc and aluminium soon from Chinese smelters and the domestic spot market, given prices were touching the bottom. That spurred growing speculation that copper could be next.

"The SRB has informed smelters of the (zinc) buying plan," an official at a large zinc smelter said. "We understand that the SRB plans to buy 300,000 tonnes."

The indium deal, a first for the SRB, represents the equivalent of about 6 percent of the 510 tonnes of global indium output last year, figures from the U.S. Geological Survey showed. Spot indium in Shanghai traded at about 2,000 yuan a kg, or about 2 million yuan per tonne on Friday.

The SRB is expected to buy more indium from smelters or the domestic spot market in coming weeks, the source said.

Top zinc smelters Zhuzhou Smelter (600961.SS) and Huludao Zinc 000751.SZ are also the two biggest indium producers in the country.

Zinc is up next, potentially bringing relief to smelters who have failed to shore up prices since they began cutting production since October. But demand has fallen even quicker, causing a commercial inventories to rise as high as 300,000 tonnes, nearly one month's production in the world's top producer.

"The plan has been kicked off," the source said. "Smelters are entering into a stage of signing contracts (with the SRB)."

The National Development and Reform Commission, which controls the SRB, is believed to have agreed to buy primary aluminium from smelters in principle, industry sources said.

The state planner has requested large aluminium smelters to enlarge their production cuts to help trim the surplus, in return the SRB could buy between 1 and 2 million tonnes of metal in coming months, a smelter official said.

About 1.4 million tonnes of primary aluminium are estimated to be sitting at private and public warehouses and smelters' yards, smelter officials and traders have said.

The stocks may rise to 2 million tonnes in February, given the weaker demand in January as many end-users close or slow production during the Chinese New Year, which falls on Jan 26.

Copper may be the next metal the SRB would buy, given the surplus is smaller than zinc and aluminium, while a copper smelter source said such purchase, if proceeded, could reach at least 700,000 tonnes. He added 400,000 tonnes of the total might come from Jiangxi Copper (0358.HK)(600362.SS).

Pan Qifang, Jiangxi Copper's spokesman, said the largest copper producer in China had not received a written request for the state buying, but encouraged the central government to buy copper as the country was short of the resource.

"We believe now is the good time to buy copper," Pan told Reuters on Friday. "The buying should come from imports."

A director at the trade department of Yunnan Tin 000960.SZ, the country's top tin producer, said the firm was working on submitting information to the central government's plan to buy metals reserves from smelters. (Editing by Jonathan Leff)

http://www.reuters.com/article/marketsNews/idAFHKG3646542008…

[Videomart]

MORE ROBUST SHORT TERM THAN EXPECTED
Chinese copper imports may be rising defying market belief

Detailed analysis of Chinese import statistics suggest that all is not what they have been believed and imports of copper are stronger than the market has suggested.

Author: Andy Home
Posted: Thursday , 18 Dec 2008

LONDON (Reuters) -

The strength of Chinese copper imports in November seems to have defied market expectations, for the second month running.

However, the arbitrage between Shanghai and London remained positive for imports last month and that is still the case this month.

Moreover, China's continued appetite for refined copper suggests a more complex dynamic than the simplistic "doom and gloom" view of events in the local market.

IMPORTS ACCELERATE

The first snapshot of China's trade figures in November suggested that refined copper imports actually fell month-on-month.

The preliminary report aggregates imports of refined metal, alloy, anode and products. November's 217,214 tonnes were 6.0 percent off the pace of October.

However, the second, more detailed breakdown of November trade showed that the decline overly reflected a sharp fall in imports of copper products, which fell to 58,618 tonnes in November from 74,900 tonnes in October.

Imports of refined metal, alloy and anode were 158,600 tonnes and, assuming that monthly trade in alloy and anode didn't deviate too far from the average rate of the previous 10 months, imports of refined metal alone were probably around 138,000 tonnes.

If this figure proves to be correct it will be the highest monthly total so far in 2008.

How do we square such strong copper imports with accumulating evidence of a sharp slowdown in Chinese manufacturing output?

WINDOW STILL OPEN

The mechanics of continued robust inflows of refined copper to China are relatively straightforward.

Shanghai spot copper traded at a premium to London during much of November, keeping the arbitrage window open.

That will have encouraged opportunistic flows of metal into China. Many local players view an import-friendly arbitrage as nothing much more than a fast way of raising cash in dollars.

Such players will continue to capitalise on the London-Shanghai differential as long as it exists, which it still does. Unlike the London Metal Exchange (LME contract, which is in contango, the Shanghai Futures Exchange (SHFE) nearby copper curve remains heavily backwardated, keeping spot prices higher than LME prices.

The backwardation, in turn, is a result of depleted SHFE stocks. At 16,297 tonnes they are still very low by historical standards. The SHFE's recent volatility, resulting in short positions being prematurely closed out on a couple of occasions, has disrupted the functioning of the market and probably acted to hinder a sustained stock rebuild.

As such, SHFE stocks may not be as good a barometer of the overall stocks picture in China as desired.

That said though, there is little anecdotal evidence of the sort of off-market stocks build that is plaguing the Chinese zinc and aluminium sectors right now.

FALLING PRODUCTION

Mitigating against a sizeable build in Chinese stocks of copper has been the recent trend in domestic production of the red metal. Official figures for November showed national production of refined copper rising to a five-month high of 330,200 tonnes.

However, behind the headline figure was a continuation of the recent weak trend in national production. November output was below the year-earlier level for the second consecutive month and for the third time in the last four reported months -- August through November.

Cumulative production growth slowed to just 9.6 percent, after running at closer to 20 percent in the second quarter.

That's a sharp slowdown. Growth is now at multi-year lows and it shows every sign of decelerating further, particularly with smelters caught in the vice of low prices for their product and the high cost of imported raw materials.

China, remember, is highly dependent on imports of copper concentrate to produce refined metal. Although spot concentrate terms have moved in the smelters' favour over the last couple of months, preliminary talks with international miners on 2009 terms have got nowhere, the smelters balking at what they view as an aggressive stance by the other side.

COMPLEX CONSUMPTION

Moreover, although there is no doubt that Chinese economic growth is slowing rapidly enough to cause serious concern to Beijing, it is by no means a uniform picture.

Firstly, there are big differences between specific copper-industry sectors. Any sector dependent on exports is suffering, but those, such as power cable manufacturers, which are more dependent on the domestic market, are said by locals to be buying copper against future orders.

Beijing's accelerated stimulus package, boosting infrastructure spending, will likely accentuate this divergence in the coming months.

Secondly, the Chinese industrial sector has not yet fallen off the cliff in quite the same way as has happened in most of the developed world.

Headline industrial production growth fell to 5.4 percent year-on-year in November from 8.2 percent. But UK analysts CHR Metals make the useful point that seasonally adjusting the figures shows that output actually grew by 1.1 percent in November after plunging by 4.6 percent in October.

"There may well be some sleight of hand in the presentation of the headline IP data but we take some heart from the fact that October's panic, which prompted severe cuts across a range of industries, did not herald even more drastic cutbacks in November," CHR said in its most recent "Global IP Watch".

That's not to understate the problems facing either the Chinese economy as a whole or the local copper sector specifically, but it is to emphasise that there is still an element of resilience on the consumption side, which will be a net positive until the impact of the government's stimulus package kicks in next year.

In short, China's refined copper imports look set to remain more robust in the very short term than widely expected and there are solid reasons for believing that we are not seeing a one-dimensional relocation of surplus metal from the international to the Chinese market place.

(Editing by Karen Foster)


http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=75…

[Videomart]

Copper Drops to Lowest Since October 2004 as Inventories Climb
By Millie Munshi

Dec. 18 (Bloomberg) -- Copper tumbled to the lowest price in more than four years as metal inventories climbed, signaling waning demand during the global recession.

Stockpiles monitored by the London Metal Exchange rose 0.7 percent today to 324,175 metric tons, the highest level since Feb. 12, 2004. Supplies have surged 64 percent this year. Global copper production exceeded demand by 30,600 tons in the 10 months ended Oct. 31, the World Bureau of Metal Statistics said yesterday. The price has dropped 57 percent in 2008.

“Demand concerns are overriding,” Edward Meir, an analyst at MF Global Ltd. in Darien, Connecticut, said in a report. The drop today is “attributable to rising LME stock levels,” he said.

Copper futures for March delivery dropped 7.15 cents, or 5.2 percent, to $1.3015 a pound on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $1.296, the lowest for a most-active contract since Oct. 29, 2004.

The metal extended losses after a report showed the index of leading U.S. economic indicators fell in November, underscoring economists’ projections that the current U.S. recession will be the longest in the postwar era.

“There’s just no demand out there now,” said Michael Gross, an analyst at OptionSellers.com in Tampa, Florida. “With every economic report that comes out, it just feels like there’s no light at the end of the tunnel. Things are just getting bleaker and bleaker.”

Automakers, Builders

Copper is poised for the biggest annual decline ever after demand by manufacturers, automakers and builders plunged. General Motors Corp., Ford Motor Co. and Chrysler LLC will shutter about 59 factories over the next month amid the lowest sales in 26 years.

Copper may fall below $1 in 2009, Gross said. The last time copper traded at that level was in December 2003.

“Demand will be down substantially,” Gross said. “It’s very realistic that we could go back 50 cents and be near those levels. We’ve already come down so far so fast. At this rate, it won’t take long to approach those lows.”

On the LME, copper for delivery in three months dropped $140, or 4.6 percent, to $2,880 a metric ton ($1.31 a pound). The price reached a record $8,940 on July 2.


http://www.bloomberg.com/apps/news?pid=20602013&sid=a4apopwX…

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.75/lb
As of Dec. 19, 2008

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.50/lb
As of Dec. 22, 2008

[Videomart]

CIBC World Markets, November 24, 2008

Metals & Minerals
"Many Moly Developments Remain Unfinanced; Current Producers To Shine"
http://www.mphventurescorp.com/i/pdf/Moly_Initiation_CIBC_No…

[Videomart]

Copper prices jump to three-week high
Chris Kelly | January 03, 2009
Article from: Reuters

US copper futures closed at a 3-week high on the first trading day of the year.

The rally was fuelled by broad-based gains in the London base metals complex and a firmer tone in the price of crude oil.

Copper for March delivery rose US5.10 cents, or 3.6 percent, to end at $US1.4610 a pound on the New York Mercantile Exchange's COMEX division, its highest closing level since December 11.

The session ranged from $US1.3715 to $US1.4850.

The benchmark March contract is up more than 16 per cent from last week's plunge to $US1.2550 - a low dating back to October 2004 on a continuation basis.

Copper extended a two-day rally amid some end-of-quarter index rebalancing that helped drive a 16 per cent rally in London nickel futures and an almost 9 per cent surge in the price of tin.

London Metal Exchange copper for three months delivery ended up $US171 at $US3231 a tonne, after dealing in a session range between $US3025 and $US3265.

Once a year commodity index compilers recalculate the weightings for the individual commodities in their indexes. The re-jigging early this month will fuel volatility and allow traders to make easy profits in the energy, metals, grains and livestock sectors.

Additional upside momentum in the red metal was seen from stronger tone in energy markets, analysts said.

Oil gained more than 3 per cent in response to rising tensions in the Middle East and a dispute between Russia and Ukraine over natural gas supplies.

Copper’s strength bucked grim economic data showing US factory activity drop to a 28-year low in December.

The Institute for Supply Management said its index of national factory activity fell to 32.4 - the lowest since 1980 - from 36.2 in November.

Edward Meir, metals analyst with MF Global, said the gains in copper will likely recede over the course of next week when participants return from holidays and conclude that the macro landscape looks depressingly unchanged from where they left it.

London Metal Exchange-monitored copper warehouse stock levels rose by 775 tonnes, bringing total inventory levels to a near-5-year high at 340,550 tonnes.


http://www.theaustralian.news.com.au/business/story/0,28124,…

[Videomart]

Mercator Minerals Ships First Copper Concentrates at Its Mineral Park Mine
Posted : Mon, 05 Jan 2009 15:29:59 GMT
Author : Mercator Minerals Ltd.

VANCOUVER, Jan. 5 Mercator-Mineral-Park

TRADING SYMBOL: TSX - ML

VANCOUVER, Jan. 5 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce that it has commenced shipping copper concentrates from its newly expanded Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report.
The commencement of concentrate shipments from the Mineral Park copper-molybdenum milling facility marks the completion of the construction/development phase of the project and the operations team will now focus on ramping up production to design levels. In accordance with the copper off take agreement that Mercator has with MRI Trading AG of Zug, Switzerland, the concentrates are being trucked into Mexico and delivered to the Port of Guyamas. Provisional payments are due four days after delivery of each 1,000 lot to the Port of Guyamas.
Mike Surratt, President & CEO comments, "With the successful start-up of the copper-molybdenum mill facility and the first shipment of copper concentrates, Mercator has completed the development of the first phase of its expanded Mineral Park Mine. We are now focused on maximizing the operational efficiency of the process plant." Surratt concludes, "We are very pleased with the way this major project has been developed, despite the many challenges that faced the industry during the last few months, in such a short period of time. An outstanding management team, supported by a strong group of contractors and sub-contractors, has brought this major construction project to a successful conclusion with the commencement of copper and molybdenum production."
Additionally, the Company reports that it has made the December 31 interest payment on the Secured Notes issued in 2007, on time and as required.

Mercator Minerals Ltd.

Mercator Minerals is a TSX listed mining company with only 74.8 million shares issued and an experienced management team that has brought one of the largest and most modern mining projects in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,
President


This press release contains certain forward-looking statements, which include estimates, forecasts, and statements as to management's expectations with respect to, among other things, the size and quality of the Company's mineral reserves and mineral resources, future production, capital and mine production costs, demand and market outlook for commodities, and the financial results of the Company. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary.
Factors that may cause actual results to vary include, but are not limited to, changes in commodity and power prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials and equipment, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. These risks are described in more detail in the Annual Information Form of the Company. The Company does not assume the obligation to revise or update these forward-looking statements after the date of this report or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
For a more complete discussion, please refer to the Company's audited financial statements and MD&A for the year ended December 31, 2007 on the SEDAR website at www.sedar.com.

The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.


SOURCE Mercator Minerals Ltd.

http://www.earthtimes.org/articles/show/mercator-minerals-sh…

[Videomart]

RE-EXPORT REQUIREMENT
China drops taxes on copper, cobalt and nickel concentrate imports

China will allow tax-free imports of copper, nickel and cobalt concentrate from Feb. 1, as long as the finished products are re-exported, and will also allow duty-free exports of refined copper, unwrought nickel and semi-finished aluminium products.
Posted: Monday , 05 Jan 2009

HONG KONG (Reuters) -

China will allow tax-free imports of copper, nickel and cobalt concentrate from Feb. 1, as long as the finished products are re-exported, a statement on the Ministry of Commerce's website (www.mofcom.gov.cn) said, reversing a two-year old policy of taxing these flows.

China will allow duty-free exports of refined copper, unwrought nickel, semi-finished aluminium products such as profiles, rods, bars and billets, and cobalt powder.

The move could increase China's exports of copper and nickel and imports of primary aluminium, traders said.

The policy will allow smelters such as Jiangxi Copper (0358.HK)(600362.SS) to import concentrates duty-free as long as they export the finished product.

Copper concentrate imports are currently subject to a 17 percent value-added tax, and exports of refined copper are taxed at 10 percent.

Pan Qifang, Jiangxi Copper's spokesman, said the policy would allow the firm to hedge imports of concentrate on the London Metal Exchange and to export refined copper if LME prices were higher than domestic market.

"The gap between LME and domestic prices would be narrowing," Pan told Reuters.

The duty-free policy would also reduce the cost of financing imports, which may boost small smelters' operations, he added.

The policy on exports of semi-finished aluminium products could increase imports of primary aluminium ingots for the manufacturing of such duty-free exports, traders and smelter officials said.

Exports of such products are also expected to rise.

"Fabricating plants will have another channel to sell their products," a trading manager at one large smelter said.

China is the world's top copper and aluminium consumer. (Reporting by Polly Yam; Editing by Michael Urquhart)


http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=…

[Videomart]

Copper leaps over 7% ahead of index re-jig
By: Reuters
Published on 6th January 2009

LONDON - Copper jumped more than 7% on Tuesday on buying ahead of an annual re-rating by major commodity indices, but the rally is expected to be short-lived as demand concerns remain.

The Dow Jones AIG annually recalculates the weightings for the individual commodities in its index and is set to raise the weighting for copper traded on the New York Mercantile Exchange's COMEX division. The rebalancing takes place from January 9 to 15.

"The arbitrage effect means that COMEX rallying significantly will also drag up (LME) copper," Leon Westgate, an analyst at Standard Bank, said. He added the reweighting impact will likely be temporary and he expects prices to come under pressure by the middle of January.

Three-month copper on the London Metal Exchange rose as much as 7,2% to $3 420/t, the highest level since December 4. It traded at $3 385/t at 11:01 GMT.

Copper for March delivery on COMEX is up over 16% from its December 26 session trough.

However, the weak outlook for global demand means metal prices are unlikely to hold on to any gains.

Mitsubishi Materials Corp said it won a roughly 70% hike in copper processing fees from Freeport-McMoran Copper & Gold, in what is believed to be the first fee rise won by a Japanese copper smelter for 2009.

"The smelters are cutting back and we are seeing capacity relative to availability of concentrates has fallen so TC/RCs are popping up a bit," Westgate said. "This reflects the underlying demand concerns of the wider market."

Copper prices fell more than 50% in 2008 due to weakening global demand and rising inventories. Stocks in LME warehouses rose 1 450 t to 343 500, the highest level since February 2004.

"I don't think we'll see the start of a sustained recovery in prices until we see signs that the global economy is really on the path to recovery," Yingxi Yu, analyst at Barclays Capital in Singapore, said.

All the industrial metals were up, with aluminium rising as high as $1 605/t from $1 548 even as inventories continued to climb.

Aluminium stocks rose 11 875 t to 2,35-million tons, the highest in over 14 years.

INDEX RE-WEIGHTING

Nickel and zinc were lifted by the re-weighting of the major commodity indices.

The Dow Jones rebalancing will take place from January 9 to 15 and will be based on January 8 closing prices. The reweighting of the S&P GSCI will occur from January 8 to 14 and will be based on closing prices on January 7.

Nickel rose as high as $13 449/t from $12 850 and last traded at $13 315.

Zinc was at $1 310,25 from $1 300. It earlier hit $1 335/t, the highest price since October 15.

Lead was boosted by short covering, rising to $1 153 from $1 120.

Tin rose to $11 725 from 11 500/t.

Editor: Reuters


http://www.miningweekly.com/article.php?a_id=150220

[Videomart]

BASE METALS:
Short Covering Rally Ends For NY Copper Futures
Wed, Jan 7 2009, 19:00 GMT

By Matt Whittaker
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Copper futures gave back a sizeable chunk of recent gains Wednesday as participants returned their focus to bearish fundamentals, booked profits and ended the metal's short covering rally.

March copper fell 7.15 cents, or more than 4.5%, to settle at $1.5115 a pound on the Comex division of the New York Mercantile Exchange.

"The recent rally is just a bounce within an ongoing bear market," said Bill O'Neill, a principal with LOGIC Advisors.

After a "big run-up" on speculative short covering recently, "the (copper) market has run into some new selling," O'Neill said.

Thin trading conditions may have magnified the red metal's move, a trader said.

Economic data continue to look dismal, with private sector jobs falling 693,000 in the U.S, according to an employment report published by payroll giant ADP and consultancy Macroeconomic Advisers.

That is far more the 515,000 loss forecast in a Dow Jones Newswires survey and suggests big losses in Friday's nonfarm payrolls report from the Bureau of Labor Statistics.

Further, warehouse inventories continue to rise.

"Now we've returned to reality, and the fact is that the economy is in trouble," says Frank Lesh, broker and futures analyst with FuturePath Trading. "Stocks are built up incredibly. There's a lot of product out there, and demand is still weak."

Inventories of copper stored in London Metal Exchange warehouses rose 7,825 metric tons Wednesday, leaving them at 351,325. The most recent Comex inventory data, released late Tuesday, were up 21 short tons at 34,600 short tons.

"Overall, it's still pretty bleak out there," another trader said.

Copper settlements (ranges include electronic and pit trading):
March $1.5115; down 7.15 cents; Range $1.5020-$1.6225
May $1.5245; down 7.15 cents; Range $1.5165-$1.6350

-By Matt Whittaker, Dow Jones Newswires; 201-938-5959; [e-mail]

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId…

[Videomart]

Mercator Minerals lets hostile Tyler bid expire
Wed Jan 9, 2008 1:54pm GMT

OTTAWA, Jan 9 (Reuters) - Mercator Minerals Ltd (ML.TO) has allowed its hostile bid for Tyler Resources Inc TYS.V to expire and the copper producer said on Wednesday it will not acquire any Tyler shares linked to its offer, worth about C$132.7 million.

Mercator said its bid, of 0.113 of a Mercator share for each Tyler share, expired at 8 p.m. (2400 GMT) on Jan. 8.

Tyler, a junior base metals explorer, rejected the offer in November, saying it undervalued the company. Tyler's main asset is a copper-zinc-molybdenum project in western Mexico.

Mercator, a copper producer listed in Toronto and based in Arizona, said Tyler's board nixed the bid without due consideration.

Shares in Mercator last traded at C$9.62 on the Toronto Stock Exchange on Tuesday while Tyler closed at C$1.55 on the TSX Venture Exchange.

($1=$1.00 Canadian) (Reporting by Susan Taylor; Editing by Scott Anderson)

http://uk.reuters.com/article/rbssIndustryMaterialsUtilities…

[Videomart]

Antwort auf Beitrag Nr.: 36.336.063 von Videomart am 08.01.09 20:42:34

War ein alter Bericht, sorry!
Typischer Januarfehler...

[Videomart]

Codelco Expects $1 Billion From Chile in Copper Slump (Update2)

By Heather Walsh

Jan. 6 (Bloomberg) -- Codelco, the world’s largest copper producer by annual output, expects to receive $1 billion from the Chilean government and may sell debt to pay for expansion amid declining demand for the metal.

The cash from the government, and borrowing from banks or bondholders, would help the state-owned producer invest almost $2 billion in 2009, Chief Executive Officer Jose Pablo Arellano said today at a press conference. Codelco is preparing for a recovery in metal prices with the investment, he said.

“These are fundamental plans for future development,” he said in Santiago.

Codelco needs cash to finance spending after copper dropped 54 percent in 2008, slashing revenue. A slowdown in global demand for commodities and a credit freeze has led competitors such as Freeport-McMoRan Copper & Gold Inc. and BHP Billiton Ltd. to delay projects and pare investments.

“Companies that have taken advantage of this period to boost capacity will be the first to benefit when the cycle changes,” Pablo Correa, an analyst at Banco Santander Chile SA, said in a telephone interview today from Santiago.

Maintaining spending at Codelco is part of Chilean President Michelle Bachelet’s $4 billion plan to spur economic growth, tapping funds from copper proceeds built up when prices for the metal reached record highs last year.

Chilean Spending

Chile is among the nations that can afford to increase spending as the global economy flags, Chilean Finance Minister Andres Velasco said today. The country put aside $28 billion from surging copper revenue as the metal’s price more than quadrupled in the six years through 2007.

Prices have dropped as global economic growth slows to 0.9 percent this year from 2.5 percent in 2008, according to the World Bank.

Demand for commodities will stay weak at least through the first half of the year, said David Duarte, an analyst in New York at 4Cast Inc.

Even spending part of its copper windfall may not enable the Chilean economy to meet the government’s estimate for growth of as much as 3 percent this year, Duarte said. Chile’s economy expanded 0.1 percent in November.

“The fiscal stimulus will help,” he said in a telephone interview. “We don’t know how much.”

Unlike some exporters such as oil-producers Venezuela and Ecuador, Chile’s government ties its budget spending to the long-term outlook for commodities to guard against price swings.

Price Swings

Chile last year fixed spending as if copper traded at $1.37 a pound, even as the metal reached a record of $4.2605 a pound in May. Prices have since slumped 63 percent.

Copper futures for March delivery rose 12.4 cents, or 8.5 percent, to $1.583 a pound on the Comex division of the New York Mercantile Exchange today.

The market for the metal will remain “volatile,” Arellano said today. Codelco is developing projects to reduce costs as lower prices cut both profit and the company’s contributions to government revenue, he said. Codelco handed over $4.86 billion to the government in the first nine months of 2008.

Since 2007, the government has allowed Codelco to hold onto $1.2 billion of profit to help fund spending in addition to the new funding, according to a company statement distributed today.

Velasco said he expects Congress to approve the $1 billion for Codelco, which will be included in a bill that would add more directors with management experience at the company. The bill would eliminate a board seat now held by the Chilean military, which receives 10 percent of the company’s revenue.

Phoenix-based Freeport’s output surpassed Codelco’s production in the third quarter of last year, according to data on the companies’ Web sites. Codelco is the world’s largest copper miner by 2007 production.


http://www.bloomberg.com/apps/news?pid=20601110&sid=aqB7oNkD…

[Videomart]

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…

[Videomart]

Mercator Announces Bought Deal Upsized to $20.0 Million
Fri Jan 9, 10:23 AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2009) - (figures in Canadian dollars)

Mercator Minerals Ltd. ("Mercator" or the "Company") (TSX: ML.TO) today announced that, in response to strong investor demand, it has upsized its previously announced bought deal of $15,000,020 (21,428,600 units) to $20,000,050 (28,571,500 units). Each unit ("Unit") is comprised of one common share (the "Common Shares") and one-half of one common share purchase warrant (the "Warrants"). Each whole warrant will entitle the holder to purchase one (1) Common Share of the Company at an exercise price of $1.00 for a period of 4 years following Closing. In addition, the Company has granted the underwriters an option to purchase up to an additional 15% of the Units at the issue price ($0.70 per Unit) exercisable within 30 days after closing of the Offering for additional gross proceeds of up to $3,000,000. The offering is led by Blackmont Capital Inc.

Net proceeds of the issue will be used for capital expenditures at the Company's Mineral Park Mine and for general corporate and working capital purposes.

This public Offering in Canada will be made by way of short-form prospectus. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Offering is scheduled to close on or about January 29, 2009 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.

http://ca.news.finance.yahoo.com/s/09012009/28/link-f-ccnmat…

[Videomart]

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.

[e-mail]


http://www.financialpost.com/story.html?id=1161544

[Videomart]

CHILE: End of the Copper Boom
By Daniela Estrada

SANTIAGO, Jan 9 (IPS)- Chile’s anti-crisis plan, announced this week, is based on windfall copper earnings saved up over the last few years. But soaring copper prices are a thing of the past, due to the global economic meltdown that originated in the United States, say analysts.

In its annual report on the state of the international copper market and prospects for 2009-2010, Chile's state copper commission Cochilco said copper prices will average 1.60 dollars a pound in 2009 and 1.50 dollars a pound in 2010, a far cry from the 3.15 a pound average for 2008 on the London Metal Exchange.

Copper is the main export product of Chile, which is the world's largest producer of the metal.

On Wednesday, when the report was released, copper closed at 1.50 dollars a pound.

Although the crisis is expected to worsen over the coming year, which will have an impact on projected demand, so far supplies -- especially from small and medium-sized mining projects -- have responded quickly to the drop in demand, with announcements of reduced production, the report says.

Despite the economic crisis, copper output will reach 5.5 million metric tons in 2009, 3.7 percent higher than in 2008, and will be six percent higher in 2010 than in 2009, Cochilco projects, while forecasting 0.1 percent growth in global demand this year.

In 2008, the average annual price of copper fell for the first time since 2002, when it stood at 70.6 cents of a dollar per pound.

The price began to drop in the second half of 2008, when the U.S. financial crisis broke out, said Cochilco vice president Eduardo Titelman.

All base metals are down, he said, including copper, aluminium, lead, zinc, tin, nickel and molybdenum, he added.

The situation will have a great impact on fiscal revenue, due to reduced direct contributions by the Corporación Nacional del Cobre (Codelco), the state-run copper company, and lower tax payments by private mining companies that experience a drop in earnings.

In 2008, Codelco’s earnings amounted to nearly five billion dollars, according to Mining Minister Santiago González, who is chair of the company’s board of directors. This year, by contrast, they will plummet to around 600 million dollars, he estimated.

The director of the Catholic University’s Mining Centre, Gustavo Lagos, told IPS that Cochilco’s projected price of 1.60 dollars a pound is "optimistic."

It is too early to make realistic forecasts, he said, because of the prevailing uncertainty with respect to the magnitude of the crisis, and particularly the future growth of the economy of China, which consumes one-quarter of the world’s total copper output.

"There is enormous variation in projections for the future, which range from 1.10 to 2.50 dollars per pound," said Lagos, who added that the outlook for 2009 will only start to become clear in March.

In any case, said Titelman, copper production in Chile is still profitable at the current price, since costs per pound are below one dollar, and because the prices of the inputs used by the industry continue to drop.

"In the scenario of export prices of over one dollar, Chile’s copper industry can rest easy because in general, costs will be below one dollar. Only those who cut output may have costs above a dollar," said Lagos.

"Big copper companies are on a sound footing. They won’t lose money in 2009. In the most pessimistic scenario, things will be tight. If the price hangs around 1.60 dollars a pound, they will earn money, and quite a lot of it," he said.

But the outlook for small and medium companies is different. Minister González has already warned that "job loss in this sector is absolutely inevitable," because many informal sector workers got involved in mining as a result of the copper boom, and were only able to make a living thanks to the high prices.

The centre-left government of Michelle Bachelet has already announced support measures for the industry.

The four billion dollar economic stimulus plan announced by Bachelet on Monday, to be funded by copper windfall revenues saved in sovereign wealth funds over the last few years, includes a one billion dollar capitalisation of Codelco, to finance investment -- a move that Lagos praised.

However, the capitalisation plan, which forms part of a draft law to upgrade the state mining company, is still pending approval by Congress.

Titelman said the lower prices should be seen as an opportunity for mining companies to become more efficient and innovative.

The government is also worried about the situation of molybdenum, a subproduct of copper production, of which Chile is also a major producer. The price of molybdenum plummeted in 2008, from 34 to nine dollars a pound. This year’s price is expected to average 11 dollars a pound, according to Cochilco.
http://www.ipsnews.net/news.asp?idnews=45356

[Videomart]

Plunging consumption dampens LME moly contract launch: sources

Tokyo (Platts)--19Jan2009

Plunging molybdenum oxide consumption in Japan has dampened earlier
expectations for the London Metal Exchange molybdenum oxide contract launch
later this year, market sources said Monday.
While some Japanese traders have started asking molybdenum consumers to
add the LME trading platform to their purchase program, most have made
trimming their own metal stocks a priority, sources said.
Traders' strategies have been hit by sudden cutbacks in molybdenum
consumption by Japanese stainless and specialty steel makers.
Chrome-nickel-molybdenum stainless steel production slumped to 17,569 mt
in November, down 29.1% from October and down 29.4% year on year, latest data
showed. Chrome-molybdenum stainless plummeted 35.6% to 15,823 mt in November
from a month earlier, down 10.8% year on year.
The falls have forced many traders to review pro-active plans for
utilizing the new functions of the LME.
"Frankly, we are hoping that the launch be postponed, as the market is
not ready," one trader said.
Several traders told Platts their companies have no plans to apply for
LME membership -- Mitsubishi Corp. and Mitsui & Co. are the only two Japanese
companies trading in molybenum to hold memberships. Other trading houses need
to contact LME members if they want to take positions.
"My company becoming an LME member? Impossible," a second trader said,
adding he does not expect to see any spot demand for molybdenum for some time.
But the LME molybdenum contract launch will still impact on the daily
operations of traders and consumers, one buyer said.
"Instead of looking at publications for weekly molybdenum prices, we need
to be looking at daily LME prices, LME stocks and other data," he said.
"Our stance is wait-and-see for calendar 2009, but if any of our
customers think LME prices are in their favor, we need to think about how to
incorporate LME daily prices into our business," he added.
Japanese traders said specialty steel makers operating electric arc
furnaces are likely to be interested as well, while bigger integrated steel
makers that buy molybdenum oxide under annual contracts are likely to sit
back.
Japan imported 34,581 mt of moly oxide over January-November 2008, more
than 60% of it under annual supply contracts.
"When nickel prices went up to $50,000/mt a few years back, specialty
steel makers expressed keen interest in the risk management and hedging
benefits the LME offers," a third trader said.
"I expect them to review the benefits now," he added.
--Mayumi Watanabe, [e-mail]


http://www.platts.com/Metals/News/9807687.xml?src=Metalsrssh…

[Videomart]

Chilean think tank forecasts copper prices will drop even lower
Most industry analysts predict copper inventories, until recently in deficit and underpinning booming prices, will come in near 300,000 to 400,000 tonnes this year.

Author: Pav Jordan
Posted: Monday , 19 Jan 2009

SANTIAGO (Reuters) -

Copper output in Chile, the world's largest producer, may fall in 2009 as the industry is hammered by low prices for the red metal, the director of the CESCO copper industry think tank said on Friday.

CESCO Executive Director Juan Carlos Guajardo told Reuters in an interview that he saw copper output coming in at about 5.3 million tonnes this year, either unchanged from a year earlier or down as much as 1 percent.

The CESCO outlook is far more pessimistic than a Chilean government report last week for a 3.7 percent rise in production this year.

Chile copper miner Antofagasta Plc said this week it was closing a small Lince open pit mine in northern Chile because of lower prices, the latest in a series of global copper industry project casualties.

"If you look at the 19 largest mines in Chile, 10 saw falling production last year (2008), so we are talking about more than half of Chile's mines with falling copper (output)," said Guajardo.

CESCO is a not-for-profit industry think tank whose members include companies producing much of the world's copper and which hosts one of the world's biggest copper meetings annually in Chile.

Guajardo said a study conducted CESCO showed planned investments for the sector have fallen 25 percent in dollar terms in Chile since September, to close to $27 billion as of early January from some $37 billion when the industry was still in an extended price boom and costs were soaring.

Global copper prices have plummeted since then to close to $1.50 a pound, from record highs of over $4 last July.

Guajardo said he estimated average copper prices would range between $1.50 and $1.80 in 2009.

For Chile's mining industry over all, Guajardo said planned investments fell 38 percent from September, led by projects in iron and steel and, to a lesser extent, molybdenum mining.

Of roughly $10 billion in investment plans put on hold in the copper industry, nearly $7 billion are attributable to No. 1 diversified miner BHP Billiton, majority owner of Chile's Escondida, the world's largest copper mine.

The CESCO report showed Escondida could postpone its Phase Five expansion, originally planned for 2013, and the building of a new complex to desalinate sea water for ore processing, planned for 2012.

Guajardo said some delays came as miners wait for equipment and material costs to fall back in line with copper prices.

REBOUND?

Guajardo said the copper market could see a slight rebound in the second half of the year, if copper inventories prove less robust than currently thought.

Most industry analysts predict copper inventories, until recently in deficit and underpinning booming prices, will come in near 300,000 to 400,000 tonnes this year.

"Now I'm seeing stats between 100,000 and 200,000," Guajardo said.

Copper prices are already up from close to $1.20 per pound just weeks ago, in part because they crossed the threshold below the minimum costs of even the most efficient producers.

And financial market turmoil has not punished the copper price as much as some had predicted.

"This is something that draws attention and gives pause for thought," Guajardo said. "One starts to look at the factors behind this."

China, he said, is giving signs for optimism, importing more copper than expected in December at a time when China bank loans rose.

"So there are some positive signs, although of course there will continue to be bad news in the first half, which will lower average copper prices." (Editing by Marguerita Choy)


http://mineweb.com/mineweb/view/mineweb/en/page36?oid=76934&…

[Videomart]

Molybdenum Oxide
Ryan's Notes Average:
US$9.40/lb
As of Jan 20, 2009
(unverändert)

[Videomart]

Molybdenum prices are on the ropes
Forecasters see huge 57% drop benefiting buyers

By Tom Stundza -- Purchasing, 1/21/2009 11:51:00 AM

Investment bank Dahlman Rose & Co. in New York expects molybdenum to average $12/lb this year and $15 in 2010. (Purchasingdata.com’s forecast is similar, $13 in 2009 and $15 in 2010, because of the slowdown in North American steel production). In 2008, the steel-smelting additive cost an average $29/lb after peaking at $30 in 2007. On a monthly basis, however, molybdenum has sold for less than $10/lb for two months now.

This huge 57% decline in prices led producers Thompson Creek Metals of Toronto, Freeport-McMoRan Copper & Gold of Phoenix, and Creston Moly of Vancouver, British Columbia, to either reduce output or shelve expansion plans. Investor Eric Sprott who runs Sprott Asset Management recently shut his Sprott Molybdenum Participation investment fund, citing “the unfavorable outlook for the price of molybdenum” and reduced demand that has sliced the production and sale of molybdenum.

http://www.purchasing.com/article/CA6631183.html

[Videomart]

[Videomart]

Monday, 26 Jan, 2009

Morgan forecast molybdenum prices to remain low in 2009

Platts cited Morgan Stanley as saying this week in its Global Metals Playbook for the first quarter of 2009 that molybdenum prices are set to remain low in 2009, but the market's supply surplus should shrink from 2008 levels.

The report from Morgan Stanley said that "We forecast prices to remain at a low of USD 12 per pound in 2009 as the industry remains in surplus for most of the year. Given that the end market for moly is steel and related sectors, with the steel market contracting, our demand forecast looks for a contraction in line with our steel demand forecast of 5% in 2009."

Morgan is forecasting global consumption in 2009 at 431.9 million pound, down 5.7% from 458.2 million pound in 2008. A bullish catalyst for molybdenum demand and pricing could be the initiation of a strategic reserve by the Chinese government and potentially other governments given the strategic importance of the metal. It added that "Such a reserve build could improve demand in 2009-10 and drive prices to our bull case of USD 30 per pound in 2010."

The report also noted that on the supply side, lack of demand from end markets has resulted in announced production cutbacks, with Freeport McMoRan cutting molybdenum output by 12.5% and delaying the reopening of its Climax mine, Thompson Creek delaying the expansion of its Endako mine and General Moly postponing its Mt. Hope project, and output from major mines at the end of 2008 was 5% lower YoY.

Morgan Stanley said that "We forecast global production to decline by 6.7% in 2009 and demand to closely track that of steel, declining 5.7% this year. We estimate a surplus of only 14.2 million pound in 2009 and 9.9 million pound in 2010, compared to 19.8 million pound in 2008."

(Sourced from www.platts.com)

http://steelguru.com/news/index/2009/01/26/ODAwNjk%3D/Morgan…

[Videomart]

Copper Surges to Seven-Week High on Signs of Recovering Growth

By Millie Munshi

Jan. 26 (Bloomberg) -- Copper surged to a seven-week high on signs of improved economic activity, raising speculation demand will increase for the metal used in pipes and wires.

Home resales unexpectedly rose 6.5 percent in the U.S. last month, the National Association of Realtors said today. The index of leading U.S. economic indicators also advanced in December, a separate report showed. Copper has gained 13 percent this year on speculation that government spending on building roads, bridges and power lines will boost demand.

“There’s some bullishness coming back to commodities and copper is following that trend,” said Donald Selkin, the chief market strategist at National Securities Corp. in New York. “People felt that the economy is going to start to turn around and that’s going to help out copper prices.”

Copper futures for March delivery soared 11.45 cents, or 7.8 percent, to $1.5865 a pound on the New York Mercantile Exchange’s Comex division. Earlier, the metal touched $1.631, the highest since Dec. 2.

Sales of previously owned homes rose to an annual rate of 4.74 million from 4.45 million in November, the Realtors’ group said. The home resales were forecast to fall to a 4.4 million rate, according to the median estimate of 70 economists in a Bloomberg News survey. Builders are the biggest copper consumers.

“We saw an immediate, dramatic reaction to the upside” in metal and equity markets after home-sales figures were released, said Brian Hicks, who helps manage about $1.5 billion at San Antonio-based U.S. Global Investors. “That’s encouraging.”

Citing reports of job cuts today, U.S. President Barack Obama called for quick action on an $825 billion stimulus package in a bid to revive the recession-racked economy. Lawmakers in Congress are debating the stimulus plan.

Stimulating Effect

“The government is going to work hard to stimulate the economy and that’s going to help the overall sentiment in the market,” said Michael K. Smith, president of T&K Futures & Options in Port St. Lucie, Florida. “Copper is starting to find a bottom.”

Caterpillar Inc., the world’s largest maker of construction and mining equipment, cut 20,000 jobs today, citing declines in U.S. construction work. Home Depot Inc., the biggest home-improvement retailer, eliminated 7,000 jobs because of falling consumer spending. U.S. builders started work last month on the fewest new houses since record-keeping began 50 years ago.

“Most commodity prices dropped below investment-threshold levels in late 2008,” Caterpillar said today in a statement. “We expect this unfavorable environment to persist throughout the year.”

Copper has plunged 63 percent from a record $4.2605 in May as the U.S., Europe and Japan fell into recessions. Weak global growth will continue to limit copper’s gains, said Selkin of National Securities.

Profit Cut

Lower metal prices have hurt profits for mining companies including Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer. Freeport today posted a $13.9 billion fourth-quarter loss as copper plunged and the company wrote down the value of some mines and other assets. The company said sales of copper will be 9 percent less this year than previously forecast.

“Business is weak because of the global economic situation,” Freeport Chief Executive Officer Richard Adkerson said today on a call with investors. Still, continued infrastructure development in the U.S. and China will buoy copper prices in the longer term, Adkerson said.

On the London Metal Exchange, copper for delivery in three months jumped $304, or 9.4 percent, to $3,555 a metric ton ($1.61 a pound). The price reached a record $8,940 on July 2.


http://www.bloomberg.com/apps/news?pid=20601012&sid=adRfQ6nw…

[Videomart]

Mineral Park Mine requests amendment
Suzanne Adams, Miner Staff Reporter

Wednesday, January 28, 2009

KINGMAN - Things may be changing at Mineral Park Mine.

According to information from the Arizona Department of Environmental Quality, the mine wants to expand its molybdenum and copper recovery operations. It is looking to expand its open pit mine, constructing a froth floatation mill, deposit more tailings onto its tailings storage facility, expand its piles of waste rock, expand its leach dumps and construct a new storm water impoundment pond.

In order to do so, the mine filed for an amendment to its Aquifer Protection Permit on April 18, 2007. The amendment, if approved, would last the life of the mine, even if the mine closed.

The amendment would also update the aquifer quality limits and alert levels, which monitor the amount of pollutants in the groundwater.

According to ADEQ, the water quality in the vicinity of the mine has improved. The department is recommending that the data collected on the mine between 1995 and 1998 be declared outdated and the level of certain pollutants be recalculated using data collected from 2004 to 2006.

Mercator Minerals purchased Mineral Park Mine from Cyprus Mineral in 2003. Cyprus Minerals shut the mine down in 1995. Mercator restarted the mine in 2004.

According to ADEQ, some of the data collected between 1995 and 1998 was overestimated, and it did not include the mining of molybdenum.

ADEQ will hold a public meeting about the proposed amendment at 6 p.m. on Feb. 4 at the County Administration Building, 700 W. Beale Street.


http://www.kingmandailyminer.com/main.asp?SectionID=1&subsec…

[Videomart]

Copper Drops on Signs Slumping Global Growth Is Eroding Demand

By Millie Munshi

Jan. 29 (Bloomberg) -- Copper fell to the lowest price in almost a week on signs the global recession is slashing demand for the metal used in homes, cars and appliances.

Inventories monitored by the London Metal Exchange soared 5 percent, the biggest gain since Sept. 5, to 477,675 metric tons today, the highest total since November 2003. World economic growth will be 0.5 percent this year, the weakest postwar pace, the International Monetary Fund said yesterday. Before today, copper had plunged 61 percent since June 30 as the cooling global economy reduced demand and supplies increased.

“Copper doesn’t have the fundamentals to move higher through the balance of this year,” said Pete Sorrentino, who co- manages $16 billion at Huntington Asset Advisors Inc. in Cincinnati. “There’s slowing growth and inventories are piling up. The industrial metals are in for a period of time when production will have to remain at fairly low levels as demand falls.”

Copper futures for March delivery fell 2.6 cents, or 1.7 percent, to $1.47 a pound at 11:24 a.m. on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $1.421, the lowest for a most-active contract since Jan. 23.

Federal Reserve officials warned of a prolonged global economic slowdown that may push the U.S. to the brink of deflation. The central bank, in a policy statement yesterday, indicated concern about the worldwide economy weakening “significantly.” The Fed left the main interest rate unchanged at close to zero.

‘Bearish Sentiment’

“The market is currently engulfed in bearish sentiment, manifested on a daily basis in economic data that underscore the severity of the current economic malaise,” Gayle Berry, an analyst at Barclays Capital in London, said in a report today. “With consumption in many key markets now in decline, the build in LME stocks has been relentless.”

Before today, copper had gained 6.1 percent in January, heading for its first monthly gain since June, on speculation government spending will help boost demand.

“There were some unrealistic expectations about what the stimulus plan was going to mean for” copper, Sorrentino of Huntington said.

On the London Metal Exchange, copper for delivery in three months dropped $82, or 2.5 percent, to $3,248 a metric ton ($1.47 a pound). The price reached a record $8,940 on July 2.

Sales of new homes in the U.S. fell last month to the lowest level since record-keeping began in 1963, the Commerce Department said today.

“On the housing front, the overall situation remains dreadful,” Edward Meir, an analyst at MF Global Ltd. in Darien, Connecticut, said in a report yesterday. Copper may drop to as low as $2,650 a ton this year as demand wanes, MF Global forecasts.

To contact the reporter on this story: Millie Munshi in New York at [e-mail]

Last Updated: January 29, 2009 11:26 EST


http://www.bloomberg.com/apps/news?pid=20601012&sid=aMN9csvZ…

[Videomart]

Mercator Minerals Closes Bought Deal Financing

VANCOUVER, Jan. 29 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased
to announce that it has closed its previously announced "bought deal"
financing. Mercator has sold to a syndicate of underwriters, 33,349,425 units
(each a "Unit"), of which 4,349,925 Units were issued pursuant to the exercise
in full of the over-allotment option granted to the underwriters, to raise
gross proceeds of $23.3 million. Each Unit was comprised of one common share
(the "Common Shares") and one-half of one common share purchase warrant (the
"Warrants"). Each Warrant entitles the holder to purchase one additional
Common Share of the Company at a price of C$1.00 per share for four years
after closing. The syndicate of underwriters was led by Blackmont Capital Inc.
and included Acumen Capital Finance Partners Limited, Jennings Capital Inc.
and Scotia Capital Inc.
The Warrants are listed on the Toronto Stock Exchange under the symbol
ML.WT.A. Together with the Company's currently outstanding Common Shares, the
Common Shares issued on the financing will also commence trading today on the
Toronto Stock Exchange under the symbol ML.

Mercator Minerals Ltd.


http://www.mercatorminerals.com/index.php?&cm=investor&ce=sh…

[Videomart]

b]Global crisis hits Chile Dec indust output, copper [/b]
2009-01-30 13:17 (UTC)

By Antonio de la Jara

SANTIAGO, Jan 30 (Reuters) - The adverse impact of the global economic crisis on Chile's economy was reflected in a series of reports on Friday showing industrial output falling further than expected in December, copper output tumbling for another month and joblessness rising.

Data published by Chile's National Statistics Institute (INE) showed industrial production down a bigger-than-expected 3.7 percent in December from a year earlier, after a 5.7 percent fall in November.

The figure was also worse than the median forecast of six economists and analysts polled by Reuters who predicted a median fall of 2.2 percent on the back of mining sector weakness amid crashing demand for industrial metal copper.

'This low result was due to a lower pace of economic activity and of both domestic and external demand,' INE said in a statement. It said that had hit output of base metals, wood products and non-metallic minerals.

'The economic data shows a downward trend which affects sectors from mining to business. This is because the dependence on the external sector makes them vulnerable to variations seen on international markets,' INE added.

Copper output fell 8.9 percent in December and 4.2 percent for the January-December period as the world's biggest copper producer saw ore grades fall at its biggest mines and amid some supply disruptions. That compounded sector weakness and the crisis pounded demand and prices.

At the same time, exports of molybdenum, a metal used to harden steel and another of Chile's top exports, also tumbled.

For the October-to-December period, the INE said the jobless rate was 7.5 percent, higher than the 7.2 percent rate reported for the same period in 2007.

The result was above the 7.3 percent median forecast of six economists polled by Reuters, and was unchanged from the 7.5 percent rate reported for the September-November period.

(Additional reporting by Rodrigo Martinez) Keywords: CHILE ECONOMY/

(Writing by Pav Jordan; Editing by Simon Gardner & Theodore d'[e-mail]; [phone]; Reuters Messaging: [e-mail])

http://www.xe.com/news/Fri%20Jan%2030%2008:17:00%20EST%20200…

[Videomart]

[Videomart]

Molybdenum Oxide
Ryan's Notes Average:
US$9.25/lb
As of Feb 3, 2009
Veränderung: -0,10 (-1,07%)

[Videomart]

Copper Rises on Speculation U.S., China Spending to Spur Demand

By Millie Munshi

Feb. 3 (Bloomberg) -- Copper prices jumped the most in a week on speculation that government spending plans in the U.S. and China will spur economic growth and boost demand for the metal used in pipes and wires.

China, the world’s biggest copper user, started investing a second part of a 4 trillion yuan ($580 billion) stimulus plan and may enact another to boost petroleum industries. In the U.S. Senate, debate began yesterday on an estimated $885 billion spending plan supported by President Barack Obama. Copper rose 4.1 percent in January on speculation that demand will revive.

Traders “await the outcome of whatever impact the combined economic stimulus packages” will have, Alex Heath, the head of industrial metals at RBC Capital Markets in London, said in a report. “The momentum does look to be favoring further gains.”

Copper futures for March delivery surged 9.1 cents, or 6.4 percent, to $1.522 a pound on the Comex division of the New York Mercantile Exchange. That marks the biggest advance for a most-active contract since Jan. 26. The January gain was the first monthly advance since June.

China is considering additional measures beyond the 4 trillion yuan stimulus to support its economy, the Financial Times reported yesterday. Obama’s plan for the U.S. will include money for projects including roads and bridges.

‘Direct Impact’

“The infrastructure-related portions of the fiscal stimulus packages will have a direct impact on metals demand,” Michael Widmer, an analyst at BNP Paribas SA in London, said today in a report.

China’s stimulus plan will boost copper demand 6.2 percent this year, and spending in the U.S. will increase use of the metal by 4.1 percent, Widmer said.

Copper’s gains accelerated after a report showed that the number of Americans who signed contracts in December to buy previously owned homes increased from the prior month for the first time since August.

“The home number today really helped kick the price higher,” said Donald Selkin, the chief market strategist at National Securities Corp. in New York.

The index of pending home resales climbed 6.3 percent to 87.7, according to the National Association of Realtors, an industry group. Builders are the biggest users of copper.

“We still need to see some more signs of economic recovery before copper can move out of its trading range,” Selkin said.

The metal will trade from $1.30 to $1.60 until more evidence of demand emerges, Selkin said. Copper tumbled 54 percent last year as the global economy tilted into a recession.

On the London Metal Exchange, copper for delivery in three months jumped $198, or 6.2 percent, to $3,373 a metric ton ($1.53 a pound). The price reached a record $8,940 on July 2.

To contact the reporter on this story: Millie Munshi in New York at [e-mail]

Last Updated: February 3, 2009 14:31 EST


http://www.bloomberg.com/apps/news?pid=20601012&refer=commod…

[Videomart]

Analyst Research Report Snapshot

title: Mercator Minerals Ltd. - Flexibility - at a price!

price: £13.00
provider: Macquarie Capital Markets Canada
file info: Available for Immediate Download date: 09 Jan 2009 pages: 8 type: AcrobatPDF
companies referenced: ML.TO
summary: George Albino [phone] [e-mail] John Graham [phone] [e-mail] Matthew Sheppard [phone] [e-mail]

Mercator Minerals Ltd.,ML CN
CANADA 9 January 2009

Outperform Volatility index Very High
Stock price as of 9 Jan 09 C$ 0.85
12-month target C$ 3.25
12-month TSR % 282
Valuation $ 2.87 - DCF (NAV10% GICS sector Materials
Market cap C$m 109.6
30-day avg turnover C$m 0.8
Number shares on issue m 93.2

Flexibility – at a price! (All figures in USD unless otherwise noted)
Event * Mercator announced a C$20m bought deal financing in which the company sold 28.6m units at a price of C$0.70/unit. Each unit consists of a common share and a half share purchase warrant with a four-year term and a strike of C$1.00/sh. * An over-allotment option allows for the sale of another 4.3m, which would yield a further C$3m. * Proceeds from the offering are expected to be used for capital expenditures for the development of the Mineral Park mine and for general working capital purposes. Impact * Mainly positive – the funds will provide Mercator flexibility as it completes commissioning of the 25,000 tpd Phase 1 mill and construction of Phase 2 (taking throughput to 50,000 tpd). * Including the warrants, Mercator could end up issuing more than 50m shares, resulting in significant dilution relative to the current 74.1m shares outstanding. * With financial flexibility secured, focus will shift to delivering against debt covenants – outstanding debt covenants include a 1x EBITDA:interest coverage ratio, implying quarterly EBITDA of about $3.5m by June 2009. * This is an attainable run-rate, but any significant challenges with Phase 1 and 2 mill commissioning might restrict Mercator’s ability to achieve and maintain quarterly coverage ratios and re-pay the $120m in outstanding debt in 2012. Earnings revision * Adjusting forecasts to include the financing, as well as some slight modifications to our Mineral Park model, our EPS and CFPS estimates for 2009–2011 decline by approximately 34% on average. Our new estimate for 2010 CFPS of $0.89 is 32% lower than our prior estimate of $1.32. Price catalyst * At flat $1.70/lb copper and $12.00/lb moly prices, we forecast average 2010–2012 CFPS of about $0.65 – employing a 4.5x P/CF multiple, we would calculate a valuation of approximately C$3.50/sh. * If we simply apply the dilutive impact of the issue to our previous target of C$5.05, we would calculate a valuation of approximately C$2.75/sh. Our new 12 month target of C$3.25 represents a blend between both scenarios. Action and recommendation * We maintain our Outperform rating for Mercator but are reducing our target to C$3.25 to reflect dilution from the unit offering. For a more detailed report please contact Macquarie Capital Markets Canada Ltd.
--------------------------------------- Important disclosures: The primary analyst for Mercator Minerals Ltd. has visited its material operations and development assets within the past year. The Research Distribution Policy of Macquarie Capital Markets Canada Ltd is to allow all clients that are entitled to have...


Quelle: https://commerce.uk.reuters.com/purchase/showReportDetail.do…

[Videomart]

Analyse
MERCATOR MINERALS LTD (ML-T)
BASIC RESOURCES / IND. METALS & MINING / NONFERROUS METALS
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&…

[Videomart]

Blackmont Capital Inc.
Equity Research:
MERCATOR MINERALS LTD
http://supplytracking.com/mercatorminerals3bucks.pdf

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.15/lb
As of Feb 10, 2009

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.00/lb
As of Feb 17, 2009
Veränderung: -0,15 (-1,64%)

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.00/lb
As of Feb 17, 2009

[Videomart]

[Videomart]

MARKET DEFICITS IN 2010 AND 2011
Will copper recover sooner than people think?

"A review of what is happening in copper supply suggests that losses in output through closures and project abandonments may be sufficient to turn the market round quicker than many analysts would seem to contemplate."

Author: Chris Welch
Posted: Tuesday , 17 Feb 2009

http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=…

[Videomart]

Molybdenum Oxide
Ryan's Notes Average:
US$9.00/lb
As of Feb 20, 2009
(unverändert)

[Videomart]

Molybdenum prices seen at $11/lb in '09-Cochilco
Mon Feb 23, 2009 8:35am EST

SANTIAGO, Feb 23 (Reuters) - The Chilean government copper commission Cochilco said on Monday it saw prices for molybdenum, the metal used to add strength and shine to specialty steels, at $11 per pound in 2009, down from $30/lb for most of last year.

Prices for molybdenum crashed with other base metals in late 2008, hit by a demand slump amid global economic crisis.

Cochilco said in a report it saw global molybdenum output down 1.6 percent this year as demand falls 0.9 percent, leading to a likely surplus of 284 metric tonnes.

"This would mean molybdenum prices will fluctuate between $9- and $14 per pound, with an average of about $11 per pound for the year," Cochilco said in a report.

The report said that in 2008 the molybdenum market ended with a surplus of 1,700 metric tonnes.

"With respect to Chile, after a fall of 25 percent in production in 2008 versus 2007, there will be a recovery, with output reaching 40,000 tonnes in 2009, or 19 percent more than last year," Cochilco said.

The rise will come amid higher output at several divisions of Codelco, the world's second-largest producer of the metal, and the Pelambres, Sur Andes and Collahuasi mines, where molybdenum is produced as a by-product.

The top global producer of molybdenum is U.S. miner Freeport-McMoRan Copper & Gold Inc (FCX.N). (Reporting by Pav Jordan; editing by Jim Marshall)


http://www.reuters.com/article/companyNews/idUSN234214362009…

[Videomart]

Molybdenum Oxide
Ryan's Notes Average:
US$9.00/lb
As of Feb 24, 2009
(unverändert)

[Videomart]

Antwort auf Beitrag Nr.: 36.652.322 von Videomart am 25.02.09 18:12:37

Ryan's Notes Average:
US$8.75/lb
As of Feb 27, 2009
Veränderung: -0,25 (-2,78%)

[Videomart]

[Videomart]

Molybdenum tipped to move above $20/lb in 2011

LONDON (Metal-Pages) 04-Mar-09

Molybdenum prices could rise above $ 20/lb in 2011, should there be a pickup in demand, according to analysts at New York-based CPM Group.

Prices could average between $ 10.50-11/lb this year, moving to $ 16 in 2010 and if the fundamentals play out, a surplus could support a molybdenum price of more than $ 20/lb in 2011, should there be a sizeable deficit, CPM Group Commodity Analyst Douglas Horn said.

Horn (pictured left) was speaking at the Metal-Pages ‘Cobalt & Molybdenum Price Risk Management’ Conference in London on Wednesday.

Analysts at CPM predict the market to have what Horne termed “a manageable surplus this year.”

The figure should reach a very manageable 10 million lbs, versus 17.7 million lbs during the last recession in 2000, Horne said.

Many delegates at the conference say they are scratching their heads about a timescale for a recovery in metal prices, amid the global economic downturn.

In the short run, Horne said there is little prospect of a price recovery, given the severity of the worldwide slowdown, but he did sketch out a longer term view:

“It could be very quiet on the moly front at least for the first three quarters of this year, before receiving a boost from stimulus measures from various governments around the world, when prices should begin to reflect a tighter market balance.”

U.S. lawmakers last month reached agreement on President Barack Obama’s $ 789 billion economic stimulus package.

China announced $ 586 billion worth of measures, aimed kick-starting its economy in November and recently passed a bill for a stimulus package plan designed to rescue the struggling nonferrous metals industry.

Most market participants believe that the nonferrous measures will have little impact on minor metals in the short run.

In his presentation, Horne said in 2008 for the first time, primary suppliers accounted for more than 50% of production versus 40% in 2000, with the top six producers holding more than 50% of the market.

CPM is forecasting deep cuts in the use of steel containing molybdenum by end users.

But Horne added 12% less demand for carbon steel, 8.6% for tool steels and 5% for High Carbon Low Steel (HSLA) should be offset to some extent by modest growth in stainless steel, after seven quarters of declines in stainless production.

Molybdenum trioxide is currently fetching $ 8.70/lb, having tumbled from $ 32.75 to $ 33.75 in mid-September.


www.metal-pages.com

[Videomart]

Copper prices to fall from current levels, rebound in 2010: GFMS

London (Platts)--5Mar2009

Copper prices are set to fall, but not collapse, from current levels this
year, and then rebound in 2010, UK-based GFMS Metals Consulting said Thursday,
forecasting an average price for 2009 of $3,000/mt.

"We expect that bottom of the market (taking into consideration the
potential for a short-lived overshoot) will be $2,600/mt," GFMS said. "Upside
moves should be capped at around $3,600-3,700/mt, i.e. close to the levels in
early March."

In 2010, although GFMS is projecting a small surplus, the company is
forecasting an increase in the average price to $3,700/mt.

"In the second half of the year, the combination of an acceleration in
demand growth and the return of some 'long side' interest from funds should
see prices exceed $4,000/mt," it added.

For 2011, the relatively tight supply position for copper (low grades,
high mine utilization rates and lack of large-scale projects) "will once again
become relevant and will limit the supply response despite strong demand,"
GFMS said, adding: "This should support a further increase in prices."

GFMS is forecasting that global copper demand will decline by 0.2% in
2009 and increase by 4.5% in 2010.

"We would view our projection of a small decline as fairly conservative
i.e. positive given the direction in which nearly all of the demand indicators
are pointing," the consultancy said. "Once again, the copper industry will be
heavily reliant on China to support demand growth, as we have demand in the
mature economies falling by 3.7% this year."

MARKET TO SEE 500,000 MT SURPLUS IN 2009

GFMS forecasts that copper consumption in China will grow by 5% in 2009,
but the company's projection of a 3.7% decline in demand in 2009 (excluding
China) will leave the market in a surplus of around 500,000 mt, it noted.

Copper demand growth has been relatively weak for some time, peaking in
Q1 2007 and running at just 0.5% in Q4 2008, the company said, adding: "The
copper bull market was essentially a supply-side story."

One positive factor on the demand side is that pipeline stocks in the
consumption/distribution chain are low.

"Therefore, if economic activity does improve, even relatively modestly,
this would trigger a restocking process that should support 4.5% growth in
demand in 2010," GFMS said. "In 2011, we expect a period of above-trend growth
of 6.3% as economic growth accelerates."

FURTHER MAJOR SUPPLY CUTS UNLIKELY

On the supply side, GFMS' analysis has taken into consideration cutbacks
that have taken place so far, the company said.

"The duration of the cuts is by no means clear. We have assumed that most
cutbacks remain in place in 2009 and are gradually phased back in during
2010," the company said, adding that it had assumed no further major cutbacks
on price grounds.

"One reason for this is that copper prices still reside in the steep tail
of the cost curve, where a decline in prices does not automatically lead to an
immediate or large cut back in output," GFMS said.

GFMS estimates the marginal cost of production (based on the ninth
decile) to be around $3,300/mt, similar to the level prevailing in early
March.

"The price of most of the other base metals currently resides in between
the fifth and the seventh decile," the company said. "If the copper market
follows the other metals down the cost curve (and we do not see any particular
reason for this not to be the case), then there is further downside potential
in the copper market."

http://www.platts.com/Metals/News/8398168.xml?src=Metalsrssh…

[Videomart]

Mercator Financial Results for the Year ended December 31, 2008
April 1, 2009 8:15 AM ET
(Stated in US Dollars unless otherwise indicated)

TRADING SYMBOL: TSX - ML

KINGMAN, AZ, April 1 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. has released its financial results for the year ended December 31, 2008, which are available on SEDAR and the Company's website.

After interest payments of $15.13 million ($13.8 million in interest paid on the Notes issued by the Company in 2007) and $7.68 million in non-cash items including accretion, amortization and stock based compensation (2007 $15.42 million), the Company recorded a net loss of $28.33 million or $0.38 per share, compared with a net loss of $10.53 million ($0.16 per share) for 2007. Mercator spent $131.32 million in capital in 2008, to substantially increase copper production and to start molybdenum at its Mineral Park Mine.

"2008 was a defining year for Mercator; it marks the completion of one of the largest mill construction projects in North America and the start of copper and molybdenum concentrate production from our Mineral Park Mine in Arizona," said Michael L. Surratt, President and CEO. "We are continuing to ramp up production levels in our new mill and are now continuously exceeding design throughput while maintaining design recoveries and concentrate grades. We expect the second quarter of 2009 to be an outstanding one for the Mineral Park Mine and for Mercator," Mr. Surratt added.

Record mill throughput

Commissioning and circuit optimization continued into the first quarter of 2009. By the end of March, the mill was exceeding design tonnages while still making forecast recoveries and concentrate grades. Since changing out an underperforming SAG mill motor on March 12 and changing a well field pump motor the following week, the mill has been averaging over 30,000 tons per day of throughput, versus the design 25,000 tons per day (20% above design). The mill set a new throughput record on March 29, processing 35,223 tons of ore (more than 40% above design), producing 483 tons of copper concentrate containing 21.1% copper, suggesting potential for the mill to provide sustained outperformance going forward. For the month of March, Mineral Park produced 3,279,303 pounds of copper which, on an annualized basis equates to approximately 39 million pounds.

The molybdenum circuit has been slower to optimize, given the prioritization of the copper circuit. During March, approximately 244,000 pounds of molybdenum were produced and a significant amount of it since the motor changes. Molybdenum concentrate grades are running between 46% (the minimum by contract) and 52%. To further improve molybdenum production, a column floatation cell is being added and should be operational by mid-April. In addition, ore with lower than typical molybdenum grades were processed until the system was fully operational.


Financial Highlights for the Year ended December 31, 2008


- Production of 10.6 million pounds of copper in 2008 compared to
11.2 million pounds of copper in 2007; - For the year ended December 31, 2008, the Company reported a net loss
of $28.33 million ($0. 38 per share) compared with a net loss of
$10.53 million ($0.16 per share), for the corresponding period in
2007 as a result of increased accretion and amortization expense at
the Mineral Park Mine and an increased stock based compensation
expense applicable to all employees at the Mineral Park Mine; - Assets of $249.16 million for the year ended December 31, 2008
(2007 - $206.57 million); - Cash and cash equivalents on hand at December 31, 2008 of
$3.0 million as compared to $104.5 million for the year ended
December 31, 2007, and working capital deficit at December 31, 2008
of $25.35 million, as compared to working capital of $102.3 million
for the corresponding period in 2007; - Subsequent to year end, the Company sold to a syndicate of
underwriters, 33,349,425 units (each a "Unit"), of which 4,349,925
Units were issued pursuant to the exercise in full of the
over-allotment option granted to the underwriters, to raise gross
proceeds of CDN$23.3 million ($19.1million). Net proceeds from this
transaction were CDN$21.86 million ($17.91 million). Each Unit was
comprised of one common share (the "Common Shares") and one-half of
one common share purchase warrant (the "Warrants"). Each Warrant
entitles the holder to purchase one additional Common Share of the
Company at a price of CDN$1.00 per share for four years after
closing. - Gross Sales Revenue at Mineral Park, before expenses, for the year
ended December 31, 2008, was $29.18 million compared to
$36.07 million for the corresponding period in 2007; - Capital expenditures of $131.32 million in 2008 focused on the
development of the process plant at Mineral Park capable of producing
copper and molybdenum concentrates.

All financial information contained herein should be read in conjunction with the Company's Management Discussion and Analysis and audited financial statements for the years ended December 31, 2008 and 2007 and related notes thereto available under the Company's profile on www.sedar.com.

Gary Simmerman, BSc, Mercator's VP Engineering, a Qualified Person as defined by NI43-101, supervised the preparation of and verified the technical information contained in this release.

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced management team that has brought the mill expansion at the Mineral Park Mine, one of the largest and most modern copper-moly mining-milling operations in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.


On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,

President

This press release contains certain forward-looking statements, which include estimates, forecasts, and statements as to management's expectations with respect to, among other things, the use of proceeds, the completion of the transaction, the ability to obtain regulatory approval, the size and quality of the Company's mineral reserves and mineral resources, future production, capital and mine production costs, demand and market outlook for commodities, and the financial results of the Company. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary. Factors that may cause actual results to vary include, but are not limited to, certain transactions, certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials and equipment, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. These risks are described in more detail in the Annual Information Form of the Company. The Company does not assume the obligation to revise or update these forward-looking statements after the date of this report or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws. For a more complete discussion, please refer to the Company's audited financial statements and MD&A for the year ended December 31, 2008 on the SEDAR website at www.sedar.com.


The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.

SOURCE Mercator Minerals Ltd.

[Videomart]

April 8, 2009
Jennings Capital Inc.
Mercator Minerals LTD.(TSX-ML)
2008 Financial and Operating Results
http://www.baystreet.ca/articles/research_reports/jennings_c…

[Videomart]

Mercator Minerals climbs on silver shipment news
4/9/2009 10:25:25 AM

Company makes first shipment of silver from Arizona mine to Silver Wheaton (Caymans)

Shares of Mercator Minerals (TSX: T.ML, Stock Forum) gained 11% to 80 cents Thursday, as the company reported that it has made its first shipment of silver to Silver Wheaton (Caymans) Ltd., from its Mineral Park Mine in Arizona.

In March, 2008, a subsidiary of Mercator and Silver Wheaton (Caymans), a subsidiary of Silver Wheaton Corp. (TSX: T.SLW, Stock Forum) entered into a $42 million agreement for Mercator to transfer to Silver Wheaton (Caymans) all the silver from the Mineral Park Mine In Arizona and Silver Wheaton will pay Mercator's subsidiary $3.90 per ounce.

This shipment of 11,000 ounces represents the first delivery of silver ounces received from the concentrates from Mercator's Mineral Park Mine under that agreement, says the company.

"The silver stream agreement with Silver Wheaton was a critical step in the funding for the expansion of the Mineral Park Mine," said Mike Surratt, president and CEO of Mercator Minerals. "With the Mineral Park Mine now regularly exceeding design parameters, this shipment represents another milestone in the advancement of our mine and we are pleased to have started making shipments under the silver stream agreement."

The company also provided a production update, saying that over the last 11 days, mill throughput at Mineral Park has been between 27,000 and 32,000 tons per day, versus a design level of 25,000 ton per day, and the ramp up continues.

"We continue to be impressed with the capabilities of our new mill as we test the limits of its tonnage and operating flexibility and, as our crews obtain more experience with the circuit, we continue to improve in all areas," said Surratt.

Production is averaging over 459 tons of copper concentrates per day, says the company, also noting that molybdenum production continues to ramp up.

On the Mercator Bullboard Thursday morning, risky said: “I certainly wasn;'t expecting news this morning, but it certainly is excellent news. I am certain this will perk us those sleepy investors who have been on the sidelines[sic]”…

http://www.stockhouse.com/community-news/2009/april/9/mercat…

[Videomart]

Mercator Minerals climbs on silver shipment news4/9/2009 10:25:25 AM | Buzz on the Boards

Company makes first shipment of silver from Arizona mine to Silver Wheaton (Caymans)

Shares of Mercator Minerals (TSX: T.ML, Stock Forum) gained 11% to 80 cents Thursday, as the company reported that it has made its first shipment of silver to Silver Wheaton (Caymans) Ltd., from its Mineral Park Mine in Arizona.

In March, 2008, a subsidiary of Mercator and Silver Wheaton (Caymans), a subsidiary of Silver Wheaton Corp. (TSX: T.SLW, Stock Forum) entered into a $42 million agreement for Mercator to transfer to Silver Wheaton (Caymans) all the silver from the Mineral Park Mine In Arizona and Silver Wheaton will pay Mercator's subsidiary $3.90 per ounce.

This shipment of 11,000 ounces represents the first delivery of silver ounces received from the concentrates from Mercator's Mineral Park Mine under that agreement, says the company.

"The silver stream agreement with Silver Wheaton was a critical step in the funding for the expansion of the Mineral Park Mine," said Mike Surratt, president and CEO of Mercator Minerals. "With the Mineral Park Mine now regularly exceeding design parameters, this shipment represents another milestone in the advancement of our mine and we are pleased to have started making shipments under the silver stream agreement."

The company also provided a production update, saying that over the last 11 days, mill throughput at Mineral Park has been between 27,000 and 32,000 tons per day, versus a design level of 25,000 ton per day, and the ramp up continues.


"We continue to be impressed with the capabilities of our new mill as we test the limits of its tonnage and operating flexibility and, as our crews obtain more experience with the circuit, we continue to improve in all areas," said Surratt.

Production is averaging over 459 tons of copper concentrates per day, says the company, also noting that molybdenum production continues to ramp up.

On the Mercator Bullboard Thursday morning, risky said: “I certainly wasn;'t expecting news this morning, but it certainly is excellent news. I am certain this will perk us those sleepy investors who have been on the sidelines[sic]”…

http://www.stockhouse.com/community-news/2009/april/9/mercat…

[Videomart]

Molybdenum Oxide Price
As of April 9, 2009 - US$ 7.83
http://www.rocamines.com/s/Home.asp

[Videomart]

Mercator Minerals Ltd verkaufen erste Ladung Silber an Silver Wheaton
Donnerstag, 09.04.2009

München (silberinfo) Mercator Minerals Ltd gibt bekannt, dass man die erste Ladung Silber an Silver Wheaton versendet hat.

Im März 2008 waren Mercator mit Silver Wheaton eine Vereinbarung eingegangen, wonach Mercator sämtliches, in der Mineral Park Kupfer-Molybdänmine anfallende Silber zum Festpreis von je 3,90 USD je Unze an Silver Wheaton verkaufen. Dafür hatte man seinerzeit eine Vorauszahlung in Höhe von 42 Mio. USD erhalten. Wie es heißt, hat man insgesamt 11,000 Unzen Silber geliefert. Bezüglich der Performance in der Mineral Park Mine gibt Mercator bekannt, dass man in den letzten 11 Tagen zwischen 27,000 und 32,000t Erz pro Tag verarbeitet hat und damit deutlich mehr, als die 25,000t Erz, welche man in der Planung vorgesehen hat (09.04.2009 si/as/tw).

http://www.silberinfo.com/home/nachrichten/news-zu-edelmetal…

[Videomart]

Mercator Minerals Ltd. announces Cdn. $35 million "bought deal" financing

VANCOUVER, April 15 /CNW/ - Mercator Minerals Ltd. (the "Company") (TSX -
"ML") is pleased to announce that it has entered into an agreement with a
syndicate of underwriters led by Jennings Capital Inc., and including Scotia
Capital Inc., Blackmont Capital Inc., Haywood Securities Inc. and Acumen
Capital Finance Partners Ltd., which have agreed to purchase, on a bought deal
basis 30,434,783 common shares of the Company at a purchase price of Cdn.$1.15
per common share, for aggregate gross proceeds of Cdn.$35 million. The
Underwriters shall have the option, exercisable within 30 days following the
Closing Date, to acquire up to an additional 4,565,217 Common Shares of the
Company, for additional aggregate gross proceeds to the Company of
Cdn.$5,250,000.
The common shares to be issued under this offering will be offered by way
of a short form prospectus in British Columbia, Alberta, Saskatchewan,
Manitoba, Ontario and Nova Scotia in Canada and in the United States on a
private placement basis pursuant to an exemption from the registration
requirements of the United States Securities Act of 1933, as amended.
The Company intends to use the net proceeds of the prospectus offering
for working capital purposes including the June 30, 2009 interest payment.

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced
management team that has brought the mill expansion at the Mineral Park Mine,
one of the largest and most modern copper-moly mining-milling operations in
North America to production in less than 2 years. Mercator management is
dedicated to maximizing profits by making its Mineral Park Mine one of the
lowest cost operations in the industry.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,
President


http://www.newswire.ca/en/releases/archive/April2009/15/c975…

[Videomart]

globeinvestor.com
Report on Business:
Mercator Minerals Ltd. | ML.WT.A-T
http://www.globeinvestor.com/servlet/Page/document/v5/data/s…

[Videomart]

MBMOEUOX:IND Mo Drummed Molybdic Oxide EU
Updated: New York, Aug 19, 09:17
Currency: USD

Value: 18.15
Change: -0.350 / -1.892%



http://www.bloomberg.com/apps/quote?ticker=MBMOEUOX%3AIND

[Videomart]

Mercator Minerals: takeover target?
8/26/2009 1:49:29 PM | Buzz on the Boards

Posters weigh in on rumours involving the company and a molybdenum producer

Shares of Mercator Minerals(TSX: T.ML, Stock Forum) jumped 10.6% to $2.81 with more than 10 million shares traded Wednesday, as posters weighed in on takeover rumours involving the company.

While Mercator released no news on Wednesday, an article from the National Post mentioned the company, as it noted that molybdenum producer Thompson Creek Metals (TSX: T.TCM, Stock Forum) announced a $217 million bought-deal financing on Tuesday worth $217-million with plans to use the cash for development and expansion of existing mining assets, exploration, acquisitions, working capital, and general corporate purposes.

“Good matches for the company include Mercator Minerals or a team-up with Quadra Mining on its large Sierra Gorda project in Chile,” said the article.

On the Mercator Bullboard Wednesday, Birpind1 said: “TCM has stated they are looking for an acquisition and looking for a company with copper production.”

And, intowin said: “Strong rumor today of a TCM takeover. I'll sit and enjoy the ride”

In a post entitled “Merger Talk”, bjorn3d2b posted information from the National Post article, to which knowsnothing613 replied: “whoa. no wonder the sp spiked, and is going higher. I wish I would have known this before putting in my short order. Oh well, I covered. fyi. I also think MOL might be a TCM target due to its Moly/Copper reserves, and proximity to Asian markets. Though it still requires about ~200 million in Capex, and has 150million of debt due in October. we will see how it all plays out.”

Meanwhile, early Wednesday on the Thompson Creek Metals Bullboard, bmann025 said: “taking over ML would make a lot of sense. at current copper prices and with 500 mio $ they can do what ML currently can't do : hedge the copper production and let ML earnings pay back the acquisition price in just a couple of years and then profit for decades from ML's cash machine.”



http://www.stockhouse.com/Community-News/2009/Aug/26/Mercato…

[Videomart]

Copper to rise by 2011 end as deficit widens

BEIJING (Commodity Online)
Last Updated : 09 June 2011 at 16:40 IST
http://www.commodityonline.com/news/Copper-to-rise-by-2011-e…


CU scrap prices to shoot up on shortfall in mining

09 Jun 2011 Last updated at 09:59:37 GMT
http://www.scrapmonster.com/news/copper-scrap-prices-to-shoo…

[Videomart]

Weitere Diskussionen zu Mercator Minerals hier:

http://www.wallstreet-online.de/diskussion/1123412-911-920/m…