Mercator Minerals - der übernächste Molybdän Produzent - 500 Beiträge pro Seite

[Asynchronmaschine]

In diesen Wochen geht ja Roca Mines -TSX: ROK- in Produktion
Kapazität 3-5 Mill. lbs pro Jahr.

In 9 Monaten startet dann Mercator Minerals -TSE: ML- die Moly- und Silberproduktion in der Mineral Park Mine in den USA
Momentan ist man mit etwas mehr als 1 Mill. lbs pro Monat nur Kupferproduzent.

Die projektierte Minenlaufzeit beträgt 25 Jahre
Weitere Ressourcen lassen aber darauf schließen, dass das noch nicht das Ende ist
Ab 2009 sollen für die ersten 6 Jahre jährlich 10 Mill. Pfund Moly, 56 Mill. Pfund Kupfer und 600.000 Unzen Silber gefördert werden.
Der Start der Molyproduktion erfolgt aber bereits in 9 Monaten
Dann allerdings nur mit 25.000 t pro Tag Erzabbau. Die volle Produktion mit 50.000 t pro Tag Erzabbau soll dann ab Januar 2009 starten
Die Finanzierung ist bereits erfolgt. Der Aufbau der Mineninfrastruktur läuft, u.a. sind die Fundamente für die riesigen Mühlen bereits im Bau.
Ein 400 Seiten starker Technical Report ist auf der Homepage zu finden.
Wer sich den Wert genaue anschaut und die Bewertungskennzahlen mal überschlägt, wird sich selbst nach diesem Kursanstieg noch die Augen reiben und fragen,
kann das denn wahr sein?

Und er muss sich auch fragen lassen, warum spricht hier kaum jemand über diese beiden Werte? Warum finden die Threads überhaupt keine Beachtung?

Ab dem 12. Juni ist ML Mitglied im neuen
S&P/TSX Global Mining Index

[mfierke]

leider wissen es in D noch wenige. Die ganzen wichtigen Daten hängen nicht an den Aktienthread. habe schon oft gesagt, das soll der Threaderöffner mal beim MOD melden.

[Asynchronmaschine]

TORONTO, June 8 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following constituents for the new S&P/TSX Global Mining Index.
These additions are pursuant to the index methodology. The creation of the
index will be effective at the open on Tuesday, June 12, 2007.

Issue Name Symbol Exchange
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Aber Diamond Corporation ABZ TSX
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Agnico-Eagle Mines AEM TSX
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Alamos Gold Inc. AGI TSX
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Alcan Inc. AL TSX
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Alcoa Inc AA NYSE
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Alpha Natural Resources ANR NYSE
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Alumina Ltd. (ADS) AWC NYSE
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Aluminum Corp. of China Ltd. (ADS) ACH NYSE
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AMCOL International Corp ACO NYSE
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Anatolia Minerals Development Limited ANO TSX
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Anglo American PLC (ADS) AAUK NASDAQ
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AngloGold Ashanti Ltd. (ADS) AU NYSE
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Anvil Mining Limited AVM TSX
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Arch Coal ACI NYSE
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Aur Resources Inc. AUR TSX
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Aurizon Mines Ltd. J ARZ TSX
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Aurora Energy Resources Inc AXU TSX
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Barrick Gold Corporation ABX TSX
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BHP Billiton Ltd. (ADS) BHP NYSE
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BHP Billiton PLC (ADS) BBL NYSE
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Breakwater Resources Ltd. BWR TSX
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Brush Engineered Materials Inc BW NYSE
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Cameco Corporation CCO TSX
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Centerra Gold Inc. CG TSX
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Century Aluminum Co CENX NASDAQ
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Coalcorp Mining Inc CCJ TSX
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Coeur d'Alene Mines Corp CDE NYSE
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Compania de Minas Buenaventura S.A. (ADS) BVN NYSE
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Compass Minerals Intl CMP NYSE
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Consol Energy Inc CNX NYSE
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Crystallex International Corp. KRY TSX
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CVRD RIO NYSE
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Denison Mines Corp. DML TSX
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DRDGold Ltd. (ADS) DROOY NASDAQ
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Dynatec Corporation DY TSX
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Eastern Platinum Limited ELR TSX
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Eldorado Gold Corporation ELD TSX
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Equinox Minerals Limited EQN TSX
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First Quantum Minerals Ltd. FM TSX
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FNX Mining Company Inc. FNX TSX
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Fording Canadian Coal Trust FDG.UN TSX
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Foundation Coal Holdings FCL NYSE
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Freeport McMoRan Copper & Gold FCX NYSE
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Fronteer Development Group Inc. FRG TSX
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Frontera Copper Corporation FCC TSX
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Gabriel Resources Limited GBU TSX
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Gammon Lake Resources Inc. GAM TSX
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Gold Eagle Mines Ltd. GEA TSX
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Gold Fields Ltd. (ADS) GFI NYSE
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Gold Reserve Inc. GRZ TSX
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Goldcorp Inc. G TSX
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Golden Star Resources Ltd. GSC TSX
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Great Basin Gold Inc. GBG TSX
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Guyana Goldfields Inc GUY TSX
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Harmony Gold Mining Co. Ltd. (ADS) HMY NYSE
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Hecla Mining Co HL NYSE
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High River Gold Mines Ltd. J HRG TSX
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HudBay Minerals Inc. HBM TSX
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Iamgold Corporation IMG TSX
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Inmet Mining Corporation IMN TSX
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International Coal Group Inc ICO NYSE
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International Royalty Corporation IRC TSX
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Ivanhoe Mines Limited IVN TSX
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Jaguar Mining Inc JAG TSX
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Kinross Gold Corporation K TSX
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Kirkland Lake Gold Inc KGI TSX
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Lihir Gold Ltd. (ADS) LIHR NASDAQ
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Lionore Mining International Ltd. LIM TSX
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Lundin Mining Corporation LUN TSX
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Major Drilling Group International Inc. MDI TSX
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Massey Energy Co MEE NYSE
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Mechel AOA (ADS) MTL NYSE
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Mercator Minerals Ltd. ML TSX
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Meridian Gold Inc. MNG TSX
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Metallica Resources Inc. MR TSX
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Minefinders Corporation Ltd MFL TSX
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Miramar Mining Corporation MAE TSX
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Newmont Mining Corp NEM NYSE
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Northern Orion Resources Inc. NNO TSX
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Northgate Minerals Corporation NGX TSX
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NovaGold Resources Inc. NG TSX
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Pan American Silver Corp. PAA TSX
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Peabody Energy Corp BTU NYSE
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Quadra Mining Ltd QUA TSX
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Randgold Resources Ltd. (ADS) GOLD NASDAQ
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Red Back Mining Inc RBI TSX
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Rio Narcea Gold Mines Ltd RNG TSX
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Rio Tinto PLC (ADS) RTP NYSE
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Royal Gold Inc RGLD NASDAQ
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RTI International Metals Inc RTI NYSE
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Sherritt International Corporation S TSX
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Shore Gold Inc. SGF TSX
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Silver Standard Resources Inc. SSO TSX
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Silver Wheaton Corp. SLW TSX
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Silvercorp Metals Inc. SVM TSX
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Skye Resources Inc. SKR TSX
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Stillwater Mining Co SWC NYSE
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sxr Uranium One Inc. SXR TSX
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Teck Cominco Ltd. TCK.B TSX
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Tenke Mining Corp. TNK TSX
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Thompson Creek Metals Company Inc. TCM TSX
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Titanium Metals Corp TIE NYSE
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UEX Corporation UEX TSX
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UR-Energy Inc. URE TSX
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USEC Inc USU NYSE
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Yamana Gold Inc. YRI TSX
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Yanzhou Coal Mining Co. Ltd. (ADS) YZC NYSE

[Zockempire]

ich bin auch schon länger bei Mercator investiert.

Stimmt. Asynchron weisst ja schon länger drauf hin. Die Unterbewertung ist echt enorm.

Im Jahr 2010 habe ich mit meinem persönlichen Sheet ein KGV von ca. 1,8 für Mercator errechnet bei den aktuellen Molypreisen.

Jetzt stell mal vor, der Molypreis steigt weiter, wie ja Sprott und co. erwarten.

Also hier hat man ein wirklich gutes Chance/Risikoverhältnis!

[Asynchronmaschine]

7,5

[Asynchronmaschine]

7,55
nächstes Ziel 8

[Asynchronmaschine]

Charts der Molyfirmen im Vergleich

[Zockempire]

der mercator ist der lone wolf, alle anderen tingeln im moment nur seitwärts...

[Asynchronmaschine]

BEIJING (XFN-ASIA) - China will implement a licensing regime on exports of indium and molybdenum products from June 18, the Ministry of Commerce and the General Administration of Customs said in a joint statement.
No further details were provided.
Earlier, the central government introduced a licensing system for exports of some steel products. In addition, the government also cut or removed export tax rebates on over 80 steel products.
In a separate statement, the ministry said it will also impose a licensing regime on exports of standard sand, effective from June 15.
China has been trying to discourage exports of some products in a bid to avoid friction with its major trading partners.

[Asynchronmaschine]

die umsätze in deutschland sind in anbetracht der qualität der aktie
als unverständlich gering einzuschätzen
2.000-12.000 stück pro tag
mal schauen
was 2009-10 so umgeht
in kanada läuft es da schon besser
letztes jahr ging da auch kaum was
langsam wird es aber

[namib22]

Antwort auf Beitrag Nr.: 29.867.606 von Asynchronmaschine am 13.06.07 09:16:38

Hallo AM, es ist wirklich sehr schade , dass kaum jemand in Deutschland diese Perle kauft, stattdessen sind sie alle in die Bäcker-Aktien gegangen.
Aber wir wissen ja, was wirklich gut ist und deshalb kaufe ich vor allem Rohstoffaktien, die ich vorher wenigstens ein wenig recherchiert habe, dazu gehören dann auch
DRAGON OIL, SXR, ROKA etc. ...............und ich kann warten :-).

[Asynchronmaschine]

So siehts aus, namib
Wir wissen, wo die Musik spielt
Und bring schöne Fotos aus BC aus der Roca Mines
Max Mine mit

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

[Asynchronmaschine]

dann kann man von glück reden
dass man den eigenen kopf benutzt
und nicht auf bäcker und andere mafia mitglieder hört

[Asynchronmaschine]

7,8

[Asynchronmaschine]

Molybdenum Expert Sees Supply Shortages Ahead
June 14, 2007
By James Finch and Julie Ickes
Dropping Chinese Exports Could Pressure Moly Market
The market could demand extra molybdenum production by 2013, but two years later might still fall short of the rising average annual demand curve. Some expect China’s molybdenum exports to start falling as early as next year.
Source: Adams Metals Ltd.
COPYRIGHT © 2007 by StockInterview.com, Inc. ALL RIGHTS RESERVED.


If one believes the forecasts recently made by Terry Adams of UK-based Adams Metals and Albemarle Corporation’s (NYSE: ALB) Chris Knight, then the escalating demand for molybdenum products could impact the stainless steel business of POSCO (NYSE: PKX). The Korean-based steelmaker, with about 6.5 percent of sales coming from stainless steel, is the world’s fourth or fifth largest, depending upon production or market capitalization.

According to the company’s 2006 annual report, POSCO exports more than 70 percent of its steel products across Asia, mainly to China, Japan and southeastern Asia. In response to record high nickel prices, the steelmaker announced it would begin manufacturing nickel-free stainless steels. So did European steelmakers ThyssenKrupp and Outokumpu, which has heavily relied on its austenitic products.

Would a sustained rally in the moly price result in the same backlash nickel recently suffered? Unfortunately for steelmakers, molybdenum has a broader range of applications than nickel.

At the June 5th Ryan’s Notes Noble Metals Conference, Terry Adams shocked his audience by warning of potential supply/demand imbalances commencing as early as 2011. He believes by 2015, the molybdenum price could get ‘interesting.’

But, this wasn’t the first sign of brewing trouble for molybdenum buyers. In early May, one trader told American Metal Market magazine, “We just don’t have any supply available.” He lamented that primary moly producers, also known as swing producers, have ‘nothing to sell right now.’

On June 18th, China is expected to announce the export quotas for molybdenum products it has assigned to a limited number of exporters. Potential labor disputes at copper mines in Mexico and Chile could further reduce available molybdenum supply later in June. A Chilean labor spokesman warned of a ‘hard and prolonged strike.’ Molybdenum mined as a byproduct of copper production accounts for about 60 percent of the global supply.

At this pace, molybdenum pricing could be severely impacted as early as this summer. By next year, if primary molybdenum production doesn’t quickly rise to meet the demand, the pricing climate could worsen for end-users. Some traders believe moly prices could soon creep above previous price peaks two years ago. “Things are going to get a lot firmer because there’s a lack of material,” one trader reported earlier this week. “There’s not a lot on the ground.”

According to different down-the-road forecasts, the magic demand number is 460 million pounds of molybdenum. Adams predicts that projected western world demand could reach this consumption by 2015. Others believe strong moly demand could bring this target consumption a few years earlier.

Another concern is one we highlighted in a previous article. USGS molybdenum commodity specialist Michael Magyar warned of a bottleneck, “… we can’t roast much more moly right now. No one is actively permitting for more roasting capacity in North America.

Adams Metals Ltd illustrates a potential bottleneck in molybdenum roasting capacity in 2011. Source: Adams Metals Ltd.

Additional roasting capacity is, however, coming online this year or next, courtesy of Molymet. Adams points out, “With the growth in demand a new roaster, the size of the new Molymet roaster is needed every two years.” Adams further explained, “Without further investment a roaster bottleneck could occur in 2011. Molymet plans another roaster about this time, but this would only allow another two years growth.”

In his presentation, Adams glimpsed in the future. While western world demand should continue to annually increase by three percent, demand in China and the C.I.S. could increase by more than 10 percent every year. “The combined global effect would be an annual growth rate of about 4.5 percent,” he predicted. “Western mines will have to increase production by at least 6 percent per annum.”

As we and others have concluded, Adams forecast, “Increased output at primary (moly) mines will be needed to fill the gap beyond 2009.”

We presume delegates from the junior molybdenum mining attendees mentally began popping champagne corks after Adams announced this point. But it was his next two points which investors should digest:

*
New or shuttered primary mines will have to open by 2011
*
By 2013, current primary mines and Climax could be at capacity


High-Level Growth in the Molybdenum Chemical Market
Source: Albemarle Corporation

Having researched molybdenum for more than one year, only recently did a couple of technical experts help us understand how much molybdenum is utilized in the condenser tubes of nuclear and desalination plants. Because of the diversified applications for this metal, there is less reliable information about the molybdenum sector than in others we’ve explored, e.g. uranium.

We continue to gather data for our next publication, “Investing in the Great Molybdenum Bull Market,’ and will present our detailed research in late August.

We have discovered two strong-growth areas for molybdenum applications.

It’s not just the steel market which uses molybdenum. Although the stainless and low alloy markets represent about two-thirds of molybdenum usage, the fastest growing market appears to be catalysts in the moly chemical market.

According to Chris Knight of Albemarle Corporation, moly consumption in the catalyst section could grow by more than 30 percent by 2011. The chemical sector could consume as much as 30 million more pounds in the 2006 to 2011 time period.

The global catalyst market is expected to reach US$13 billion in sales this year. Of this the petroleum refining sector should consume about 35 million pounds of molybdenum. The moly is used as a hydroprocessing (HPC) catalyst.


Hydroprocessing catalysts are used in the removal of sulfur, nitrogen and heavy metals in the crude oil refining process. Source: Albemarle Corporation.

Knight explained that the drivers for HPC catalyst and molybdenum demand include:

*
Growing demand for crude oil
*
Continued importance of middle distillate cuts (aviation, diesel fuel)
*
Crude oil feed quality
*
Changing fuel specifications

Over the past 25 years, the overall quality of crude oil has significantly deteriorated. Both the sulfur content and density are increasing. This requires additional processing to bring it to market. Molybdenum-based catalysts are utilized to remove sulfur from petroleum, petrochemicals and coal-derived liquids.

Molybdenum catalysts are used because they are resistant to poisoning by sulfur, and reducing costs in fuel refining.
Over the past two decades the sulfur content in imported crude oil has nearly doubled, as the API gravity has dropped by nearly 10 percent.
Tighter specs over the past 15 years have demanded a higher performing catalyst and more contained molybdenum in those catalysts. Over this time frame, catalyst demand per barrel of crude oil has doubled – an average growth rate of five percent per year.

Knight forecasts the global HPC catalyst growth rate could jump by as much as 8 percent per year through 2010. He expects further fuel emission restrictions and the modernization taking place in China and elsewhere to increase use of molybdenum in the catalyst market. By 2015, he predicted the HPC catalyst market could consume more than 60 million pounds of molybdenum. This could represent a 46 percent increase above current consumption.


Lack of New Primary Mining Supply
Roca Mines in the final construction phase before commencing production next month. Photos above include tailings facility (left) and mill construction (right) were taken in mid May 2007.
The typical molybdenum concentrates being sold by the copper producers, as byproduct mining, contain 40 – 45 percent Mo. Concentrates from primary producers often average 50 – 55 percent.

As a result, primary molybdenum mining operations offer a more desirable concentrate. Technical moly, also known Mo03 (molybdenum trioxide) specifies 57 percent Mo and contains less than 0.05 percent copper and 0.1 percent sulfur. Primary molybdenum producers provide concentrates with lesser amounts of deleterious elements.

Because the concentrate is ‘cleaner,’ less roasting is required to upgrade the material to tech oxide spec. Less electricity is expended to power the multi-hearth furnaces and results during the roasting process. The cleaner primary moly concentrate offers the roaster more flexibility. The higher spec concentrates can be blended with lower spec concentrates to upgrade the overall product, or the roaster can refine the higher spec material separately if the end-user requires it.

The less roasting to bring material up to spec could also help avoid the bottlenecks a few years from now.

Although byproduct molybdenum producers are expected to bear the brunt of increased demand, the copper producers aren’t cooperating. Codelco’s molybdenum production dropped by 25 percent in 2006 to 60 million pounds this past year. Moly production could drop another 15 percent or more this year.

Because of the recent molybdenum price revival, dozens of exploration companies have ‘suddenly’ become molybdenum companies. There are scarce few with a potentially viable project.

Those primary molybdenum producers and future producers we’ve been monitoring appear to moving their projects forward.

Thompson Creek is Thompson Creek. This has emerged as the ‘primary’ primary player in North America while the world waits for Climax to come online again. Some believe the company’s Davidson moly deposit in British Columbia may not arrive on the company’s timetable. If so, then this could further pressure the moly price.

Roca Mines should become a producer during July. But, this company also hopes to expand its operations deeper and should also commence those exploration efforts this summer. In the interim, the high-grade molybdenum found at the company’s MAX mine should become a cash cow in the third and fourth quarters of this year. And for several years forward. Although the company is not yet in production, there appears to be no scarcity of molybdenum traders clamoring for the company’s future production. Another indication of a tight market.

Last month, Adanac Molybdenum Corp ordered its long-lead time equipment for the construction of its mining and milling complex at Ruby Creek. Expenditures totaled nearly C$40 million, for which the company has made its down payments. Also, some time this summer, Adanac should finally receive its permits and commence construction. While the company boasts of 220 million pounds of molybdenum, a recent chat with Adanac consultant Ken Reser suggests Ruby Creek have more pounds than was previously thought. Ongoing drilling results could later confirm this speculation.

We continue to watch United Bolero as a promising development company in Montana. We were told drilling at Bald Butte began over the weekend to upgrade the resource category. Hopefully, the drilling program will also move to its nearby Cannivan Gulch property. Historically, but not technically documented, major miners, who worked these properties in the previous moly cycle, estimated the company’s properties could host more than 400 million pounds of molybdenum.

Primary producers, such as these and possibly others, is what molybdenum end-users are depending upon to meet their needs as we approach 2009, 2010 and beyond.

Over the course of this summer, we’ll further study other potential near-term producers, such as Moly Mines and others.


Conclusion
Many in the industry have warned us about the potential increase of ‘moly dumping’ by the Chinese. Historically, China has helped chill out molybdenum prices in the past. According to Adams, as noted earlier in this article, China could become less of a factor.

Fundamentally, this should not be a concern. Typically, a country is indirectly focused on the background of its leading politician. In China’s case, the eight members of the Politburo Standing Committee – China’s most powerful politicians – are all engineers. All are graduates of engineering or technology schools.

China’s president was trained as a hydraulics engineer. The premier is a geologist, who also has a degree as a mining engineer. The former vice-premier was trained as an electrical engineer, as was the ‘propaganda’ chief. The Secretary of Political and Legislative Affairs was trained as a metallurgist. Others hold degrees in thermal engineering, radio electronics or electronic motor design.

Engineers like to build things. China has embarked on the greatest industrialization period in history, dwarfing the construction of infrastructure of the late 19th century in Europe and North America. Because molybdenum’s applications include architecture, energy, petroleum refinement, coal conversion, chemicals and other industrial applications, we would not be surprised if China soon announces the ‘strategic’ importance of molybdenum (as it has uranium) and stops all exports.

Molybdenum also plays a strong role in numerous and diverse military applications. Globally, military spending reached $1.2 trillion last year. In 2006, China surpassed Japan as the largest military spender in Asia. The U.S. Pentagon estimates China could be spending up to US$125 billion this year. At least ten varieties of ballistic missiles are deployed or in development. Our preliminary research into this subject confirms the large percentage amount of molybdenum utilized in missiles. In some applications, the moly content is greater than 20 percent.

In summary, every time we delve into a new area to investigate demand for molybdenum application, we find growth. Strong demand could surprise many stock and industry analysts over the next decade. In the meanwhile, more primary molybdenum producers need to come forward. Unlike some, we don’t believe the molybdenum story has yet been fully revealed. This summer, we hope to make the molybdenum market more transparent – both on the demand side and the supply side.

[Asynchronmaschine]

ML hat die anderen Molys abgehängt

[Zockempire]

ML wird noch 400% steigen, wenn Moly und Cu oben bleiben und die Firma ihre Prognosen einhält.

Nochmehr Potential gibts, wenn Moly weiter steigen sollte...

ML ist einfach super

[Asynchronmaschine]

jaaaaaaaaaaa
400 %
das hört sich gut an
so macht börse spass

[Asynchronmaschine]

10 cent noch
und die
8
steht

[Asynchronmaschine]

7,92
dann halt nächste woche
angriff auf die
8

[Asynchronmaschine]

Moly 35
die reserven im boden weren immer wertvoller
wenn in 9 monaten die produktion startet
steht wohl moly bei 40

[Asynchronmaschine]

Neue Molybdänproduzenten gesucht
Erhöhte Nachfrage nach Molybdän durch Stahl und Entschwefelungsanwendungen

China gehört zu den Ländern mit einer signifikant wachsenden Nachfrage nach Molybdän. Auf dem dortigen Markt spielen Stahlanwendungen eine Hauptrolle. Insgesamt drei Viertel des Molybdäns werden für die verschiedenen Stahlsorten benötigt. Es härtet Stahl und wird deshalb gerne als Legierungszusatz verwendet. Allein die Verwendung für Edelstahlsorten schluckt 23 % des Molybdäns. So wächst mit dem vermehrten Einsatz von Stahl auch der Bedarf an Molybdän. Dass die Nachfrage nach Stahl und damit Molybdän aus China bald abebben könnte, erscheint uns momentan recht unwahrscheinlich. China wächst zwar enorm, aber absolut gesehen macht Chinas Stahlverbrauch pro Kopf immer noch nur einen Bruchteil dessen aus, was höher entwickeltere asiatische und nichtasiatische Länder benötigen.
Auch die Katalyseanwendungen sind ein schnell wachsender Sektor. Hier geht es um den chemischen Gebrauch für die Reinigung von Öl, für Öl- und Gasquellen sowie für Teersande. Molybdän wird für schweres Öl und jegliche Kohleverflüssigung benötigt, um den Schwefel zu entfernen und das Endprodukt zu reinigen. Lieferungen aus reinen Molybdänvorkommen werden in den Bereichen der Katalysatoren, der Klebstoffe und der Pigmente benötigt. Die Nachfrager aus dem Segment der Katalysatoren können das Kupfer aus Koppelproduktion nicht gebrauchen und wollen die Kupferverunreinigungen vermeiden. Spezielle Händler befürchten eine mögliche Verknappung des reinen Molybdäns. Die Nachfrage nach Molybdän wird nicht nur durch Upstream-Aktivitäten im Ölsektor mit Bohrungen und Förderplattformen beeinflusst, sondern auch Downstream, mit dem Bau von Ölpipelines und Hochdruckgaspipelines. Für all diese Anwendungen wird Molybdän benötigt. Die gerade genehmigte Pipeline von Alaska nach Chicago verschlingt vielleicht 50 Mio. Pfund Molybdän. Über 80.000 Meilen neue Pipelines sind geplant.
Der Molybdänpreis lag 2002 noch bei 3 bis 5 USD pro Pfund. Auch wenn der Preis des Elements zwischenzeitlich auf über 40 USD hochschnellte sind die heutigen 26 USD pro Pfund Molybdän immer noch ein Vielfaches des Tiefstpreises von vor vier Jahren.
Molybdänproduktion hinkt hinterher
Die Nachfrage nach Molybdän ist in den Jahren 2002 bis 2005 von 280 Mio. auf 400 Mio. Pfund angewachsen. Und offensichtlich gibt es auch in den folgenden Jahren eine weitere Steigerung der Nachfrage. Die auf Metalle spezialisierte Researchgruppe CRU aus London sagt bis 2009 eine Fehlmenge von 6 bis 26 Mio. Pfund voraus. Dabei könnte es sich um recht konservative Schätzungen handeln. Seit Jahrzehnten entstehen keine großen neuen Molybdänproduzenten mehr. Die Mine Endako liefert seit 40 Jahren, Thompson Creek ähnlich lange und Henderson auch schon 30 Jahre. Aber die Laufzeiten dieser großen Minen nähern sich dem Ende. Die Produktion von Molybdän stammte 2004 zu je 28 % aus den USA und Chile sowie zu 19 % aus China. Kanada spielte mit einem Anteil von 6 % eine eher untergeordnete Rolle.
Einige neue Lieferungen stammen aus der Koppelproduktion von Kupferlagerstätten. Nordamerika könnte mit neuen Lagerstätten in Kanada eine Spitzenposition einnehmen, auch weil es derzeit noch keine größeren Molybdänmengen durch neue Lagerstätten gibt. Molybdän wurde lange Zeit recht stark von Phelps Dodge mit der Henderson-Mine kontrolliert. Aber ab 2008 gibt es mit Adanac Moly wahrscheinlich einen neuen Platzhirsch. Larry Reaugh, der Vorstandsvorsitzende des reinen Molybdän-Unternehmens, verkündet im Interview mit dem Frankfurter Finance Newsletter: "Wir sind ab 2008 der erste große börsennotierte Molybdänproduzent mit einer neuen Produktion von mindestens 10 Mio. Pfund im Jahr!"

[Asynchronmaschine]

Moly’s Diversity Keeps Demand Firm
June 15, 2007 01:24 PM EST

If one believes the forecasts recently made by Terry Adams of UK-based Adams Metals and the Albemarle Corporation (NYSE: ALB), then the escalating demand for molybdenum products could impact the stainless steel business of POSCO (NYSE: PKX). The Korean-based steelmaker, with about 6.5 percent of sales coming from stainless steel, is the world’s fourth or fifth largest, depending upon production or market capitalization.

According to the company’s 2006 annual report, POSCO exports more than 70 percent of its steel products across Asia, mainly to China, Japan and southeastern Asia. In response to record high nickel prices, the steelmaker announced it would begin manufacturing nickel-free stainless steels. So did European steelmakers ThyssenKrupp and Outokumpu, which has heavily relied on its austenitic products.

Would a sustained rally in the moly price result in the same backlash nickel recently suffered? Unfortunately for steelmakers, molybdenum has a broader range of applications than nickel.

At a recent industry conference, Terry Adams shocked his audience by warning of potential supply/demand imbalances commencing as early as 2011. He believes by 2015, the molybdenum price could get ‘interesting.’

But, this wasn’t the first sign of brewing trouble for molybdenum buyers. In early May, one trader told American Metal Market magazine, “We just don’t have any supply available.” He lamented that primary moly producers, also known as swing producers, have ‘nothing to sell right now.’

On June 18th, China is expected to announce the export quotas for molybdenum products it has assigned to a limited number of exporters. Potential labor disputes at copper mines in Mexico and Chile could further reduce available molybdenum supply later in June. A Chilean labor spokesman warned of a ‘hard and prolonged strike.’ Molybdenum mined as a byproduct of copper production accounts for about 60 percent of the global supply.

At this pace, molybdenum pricing could be severely impacted as early as this summer. By next year, if primary molybdenum production doesn’t quickly rise to meet the demand, the pricing climate could worsen for end-users. Some traders believe moly prices could soon creep above previous price peaks two years ago. “Things are going to get a lot firmer because there’s a lack of material,” one trader reported earlier this week. “There’s not a lot on the ground.”

According to different down-the-road forecasts, the magic demand number is 460 million pounds of molybdenum. Adams predicts that projected western world demand could reach this consumption by 2015. Others believe strong moly demand could bring this target consumption a few years earlier.

Another concern is one we highlighted in a previous article.

http://stockinterview.com/News/11082006/Roasting-molybdenum.… USGS molybdenum commodity specialist Michael Magyar warned of a bottleneck, “… we can’t roast much more moly right now. No one is actively permitting for more roasting capacity in North America.

Additional roasting capacity is, however, coming online this year or next, courtesy of Molymet. Adams points out, “With the growth in demand a new roaster, the size of the new Molymet roaster is needed every two years.” Adams further explained, “Without further investment a roaster bottleneck could occur in 2011. Molymet plans another roaster about this time, but this would only allow another two years growth.”

In his presentation, Adams glimpsed in the future. While western world demand should continue to annually increase by three percent, demand in China and the C.I.S. could increase by more than 10 percent every year. “The combined global effect would be an annual growth rate of about 4.5 percent,” he predicted. “Western mines will have to increase production by at least 6 percent per annum.”

As we and others have concluded, Adams forecast, “Increased output at primary (moly) mines will be needed to fill the gap beyond 2009.”

We presume delegates from the junior molybdenum mining attendees mentally began popping champagne corks after Adams announced this point. But it was his next two points which investors should digest:

New or shuttered primary mines will have to open by 2011
By 2013, current primary mines and Climax could be at capacity
High-Level Growth in the Molybdenum Chemical Market
Having researched molybdenum for more than one year, only recently did a couple of technical experts ( http://stockinterview.com/News/06042007/molybdenum-copper-ni… ) help us understand how much molybdenum is utilized in the condenser tubes of nuclear and desalination plants. Because of the diversified applications for this metal, there is less reliable information about the molybdenum sector than in others we’ve explored, e.g. uranium.

We continue to gather data for our next publication, “Investing in the Great Molybdenum Bull Market,’ and will present our detailed research in late August.

We have discovered two strong-growth areas for molybdenum applications.

It’s not just the steel market which uses molybdenum. Although the stainless and low alloy markets represent about two-thirds of molybdenum usage, the fastest growing market appears to be catalysts in the moly chemical market.

According to a spokesman for the Albemarle Corporation, moly consumption in the catalyst section could grow by more than 30 percent by 2011. The chemical sector could consume as much as 30 million more pounds in the 2006 to 2011 time period.

The global catalyst market is expected to reach US$13 billion in sales this year. Of this the petroleum refining sector should consume about 35 million pounds of molybdenum. The moly is used as a hydroprocessing (HPC) catalyst.

Growing global demand for crude oil, changing fuel specifications and strength in demand for aviation and diesel fuel should contribute to molybdenum demand.

Because the overall quality of crude oil has significantly deteriorated, over the past 25 years, more molybdenum could be consumed as a catalyst during the refinery process. Sulfur content in U.S.-imported oil has doubled over this same time period. Molybdenum-based catalysts are utilized to remove sulfur from petroleum, petrochemicals and coal-derived liquids
Tighter specs over the past 15 years have demanded a higher performing catalyst and more contained molybdenum in those catalysts. Over this time frame, catalyst demand per barrel of crude oil has doubled – an average growth rate of five percent per year.

One industry expert expects global HPC catalyst growth to annually increase by eight percent between 2006 and 2010. Molybdenum consumption for this use could increase by 46 percent through 2010. Annual consumption could rise to more than 60 million pounds of molybdenum.

Lack of New Primary Mining Supply
The typical molybdenum concentrates being sold by the copper producers, as byproduct mining, contain 40 – 45 percent Mo. Concentrates from primary producers often average 50 – 55 percent.

As a result, primary molybdenum mining operations offer a more desirable concentrate. Technical moly, also known Mo03 (molybdenum trioxide) specifies 57 percent Mo and contains less than 0.05 percent copper and 0.1 percent sulfur. Primary molybdenum producers provide concentrates with lesser amounts of deleterious elements.

Because the concentrate is ‘cleaner,’ less roasting is required to upgrade the material to tech oxide spec. Less electricity is expended to power the multi-hearth furnaces during the roasting process. The cleaner primary moly concentrate offers the roaster more flexibility. The higher spec concentrates can be blended with lower spec concentrates to upgrade the overall product, or the roaster can refine the higher spec material separately if the end-user requires it.

The less roasting to bring material up to spec could also help avoid the bottlenecks a few years from now.

Although byproduct molybdenum producers are expected to bear the brunt of increased demand, the copper producers aren’t cooperating. Codelco’s molybdenum production dropped by 25 percent in 2006 to 60 million pounds this past year. Moly production could drop another 15 percent or more this year.

Because of the recent molybdenum price revival, dozens of exploration companies have ‘suddenly’ become molybdenum companies. There are scarce few with a potentially viable project.

Those primary molybdenum producers and future producers we’ve been monitoring appear to be moving their projects forward.

Thompson Creek is Thompson Creek. This has emerged as the ‘primary’ primary player in North America while the world waits for Climax to come online again. Some believe the company’s Davidson moly deposit in British Columbia may not arrive on the company’s timetable. If so, then this could further pressure the moly price.

Roca Mines should become a producer during July. But, this company also hopes to expand its operations deeper and should also commence those exploration efforts this summer. In the interim, the high-grade molybdenum found at the company’s MAX mine should become a cash cow in the third and fourth quarters of this year. And for several years forward. Although the company is not yet in production, there appears to be no scarcity of molybdenum traders clamoring for the company’s future production. Another indication of a tight market.

Last month, Adanac Molybdenum Corp ordered its long-lead time equipment for the construction of its mining and milling complex at Ruby Creek. Expenditures totaled nearly C$40 million, for which the company has made its down payments. Also, some time this summer, Adanac should finally receive its permits and commence construction. While the company boasts of 220 million pounds of molybdenum, a recent chat with Adanac consultant Ken Reser suggests Ruby Creek have more pounds than was previously thought. Ongoing drilling results could later confirm this speculation.

We continue to watch United Bolero as a promising development company in Montana. We were told drilling at Bald Butte began over the weekend to upgrade the resource category. Hopefully, the drilling program will also move to its nearby Cannivan Gulch property. Historically, but not technically documented, major miners, who worked these properties in the previous moly cycle, estimated the company’s properties could host more than 400 million pounds of molybdenum.

Primary producers, such as these and possibly others, is what molybdenum end-users are depending upon to meet their needs as we approach 2009, 2010 and beyond.

Over the course of this summer, we’ll further study other potential near-term producers, such as Moly Mines and others.

Conclusion
Many in the industry have warned us about the potential increase of ‘moly dumping’ by the Chinese. Historically, China has helped chill out molybdenum prices in the past. According to Adams, as noted earlier in this article, China could become less of a factor.

Fundamentally, this should not be a concern. Typically, a country is indirectly focused on the background of its leading politician. In China’s case, the eight members of the Politburo Standing Committee – China’s most powerful politicians – are all engineers. All are graduates of engineering or technology schools.

China’s president was trained as a hydraulics engineer. The premier is a geologist, who also has a degree as a mining engineer. The former vice-premier was trained as an electrical engineer, as was the ‘propaganda’ chief. The Secretary of Political and Legislative Affairs was trained as a metallurgist. Others hold degrees in thermal engineering, radio electronics or electronic motor design.

Engineers like to build things. China has embarked on the greatest industrialization period in history, dwarfing the construction of infrastructure of the late 19th century in Europe and North America. Because molybdenum’s applications include architecture, energy, petroleum refinement, coal conversion, chemicals and other industrial applications, we would not be surprised if China soon announces the ‘strategic’ importance of molybdenum (as it has uranium) and stops all exports.

Molybdenum also plays a strong role in numerous and diverse military applications. Globally, military spending reached $1.2 trillion last year. In 2006, China surpassed Japan as the largest military spender in Asia. The U.S. Pentagon estimates China could be spending up to US$125 billion this year. At least ten varieties of ballistic missiles are deployed or in development. Our preliminary research into this subject confirms the large percentage amount of molybdenum utilized in missiles. In some applications, the moly content is greater than 20 percent.

In summary, every time we delve into a new area to investigate demand for the molybdenum application, we find growth. Strong demand could surprise many stock and industry analysts over the next decade. In the meanwhile, more primary molybdenum producers need to come forward. Unlike some, we don’t believe the molybdenum story has yet been fully revealed. This summer, we hope to make the molybdenum market more transparent – both on the demand side and the supply side.

[Asynchronmaschine]

8,05


und KGV 2


Zockempire lass uns

[Asynchronmaschine]

Mercator Provides Construction Update
KINGMAN, AZ, Jun 18, 2007 (Canada NewsWire via COMTEX News Network) --

TRADING SYMBOL: TSX - ML

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.

Mercator Minerals is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. Mercator, in its January 8, 2007, news release, announced positive results from an independent technical study for the expansion of its wholly owned Mineral Park copper mine to a 50,000 ton-per-day milling operation with production of copper-silver and molybdenum concentrates 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 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.

[Asynchronmaschine]

8,17

[Zockempire]

Jo, ich stosse mit dir virtuell an, Asynchron.

Wir beide waren (fast) von Anfang an dabei. And yet a lot more to come!!

[Asynchronmaschine]

die zukunft wird sehr hart für uns werden
wir werden noch viel zu feiern haben

[Asynchronmaschine]

China moly quotas may cut exports by 30% Wed Jun 20, 2007 By Alfred Cang
SHANGHAI, June 20 (Reuters) - China's newly adopted molybdenum export quotas may cut exports of the minor metal by as much as 30 percent, aiming to keep more of the country's mineral resources in Chinese hands, trade sources said on Wednesday.
The policy change would also help Beijing to reduce the country's trade surplus, which climbed more than 80 percent in the first five months of 2007 from the same period a year earlier.
"I heard the volumes of the new quotas could be just 70 percent of total annual exports," said a trader at Jinduicheng Molybdenum Group, the world's third-largest molybdenum producer.
The trader said his company had not received actual official amounts for the quotas, which are expected to be released as early as this week.
He added it was also not clear whether the quotas would be calculated based on total Chinese molybdenum exports last year, or on the volume of exports by firms which have been granted export licences under the new quota system.
A China-based trader at Phelps Dodge Corp. (PD.N: Quote, Profile , Research) said a draft proposal for quota volumes had been circulated among major traders and producers to seek comment, but a final decision had not yet been reached by the central government.
"The quota will have a major impact on long-term trade in the market, compared with other measures such as export duty increases," he said.
Beijing has said it would limit exports of molybdenum and indium from June 18 by introducing a quota system and issuing licences to exporters, but did not give the volume of products that might be exported under the quota system.
Earlier this month, it issued a list of firms that were allowed to export indium and molybdenum and their products.
Only about half the firms that applied to export were authorised to do so, based on their size and volume of trade.
Beijing is trying to limit exports of molybdenum and indium to encourage processing firms to locate in China, and to preserve reserves of currently too small to absorb production.
The quota system is expected to lift international molybdenum prices <0#MINOR>, but the effect could be muted in the short term as an export tax increase imposed on some molybdenum products in June had already driven up the overseas market, they said.
"The price differential for the metal between Europe and China has already widened in June since the tax policy was amended, and I do not expect it will widen further," said the trader at Jinduicheng.

[Asynchronmaschine]

auch heute im plus
8,25

[fisch29]

Antwort auf Beitrag Nr.: 30.083.131 von Asynchronmaschine am 20.06.07 22:05:04

hi,

du scheinst dich ja mit mercator sehr gut auszukennen.

was würdest du mir raten: jetzt noch einsteigen oder erst mal eine überfällige korrektur, falls sie kommt, abwarten?
bin seit längerem in tcm investiert und dabei auch auf mercator gestossen. scheint mir ein recht solides invest zu sein!

für eine info vielen dank!

[Asynchronmaschine]

das ist ne gute frage
nur weiss ich leider auch nicht
was der kurs kurszfristig so macht
natürlcih ist man selbst nur für steigende kurse
aber danach geht es ja leider nicht

ich kann dir die entscheidung nicht abnehmen
langfristig sind wir sehr positiv
für ML eingestellt

zockempire hat ja einige kennzahlen und kursziele genannt

was allerding auffällt
ML ist so gut wie unbekannt
möglichrweise ändert sich das über kurz oder lang
das dürfte dann zusätzlliches kurspotential bergen
denn mit 82 mill aktien ist die sache sehr überschaubar

mach dir aber auf jeden fall selbst ein bild von ML
verfolge die news
schau dir auf der hp den technical report an

[Zockempire]

Wenn ich noch keine Position in ML hätte, würde ich mich zumindest in einem Teil schon mal einkaufen.

Ich denke, die Fundamentals sind einfach zu gut, um keine Position zu besitzen.

Das KGV liegt für Moly 33, Kupfer 3,30 USD nach meiner (persönlichen) Schätzung für 2010 wohl bei ca. 2,1.

Die Finanzierung steht und danach wird die Mine für mindestens 25 Jahre laufen. Jeder kann sich selber ausrechnen, was das für Potentiale ergibt!

[Asynchronmaschine]

Eric Sprott im Mai
http://www.bnn.ca/servlet/HTMLTemplate/!robVideo/robtv0726.2…

[Asynchronmaschine]

PLATTS: China may grant export quotas for 12,000 mt
moly for balance 2007
China is likely to grant export quotas for a total of 12,000 mt of
molybdenum-related products for the balance of 2007 to the licensed Chinese exporters of the products, industry sources in China said on Thursday. China's Ministry of Commerce earlier announced that a total of 32 molybdenum producers and traders had met government standards to get required licenses for exporting molybdenum products, effective from June 18. An official from Chaoyang Jinda Molybdenum, one of the licensed exporters, told Platts: "We've heard of a total amount of 12,000 mt of molybdenum products for exports (for the balance of 2007). But we haven't heard of any details on the quantity of quotas that will be granted to each exporter." The official added that China exported 18,000 mt of ferromolybdenum and 24,000 mt of molybdenum oxide in 2006. "The export cut for this year is likely to be a big one and will certainly affect prices." An official from another licensed exporter Jinduicheng Molybdenum Mining (JDC) said: "We still have't received any official announcements so far....It's true that the market is now talking a total of 12,000 mt of export quotas. Our company representative is now in touch with the related government authority to find out more details." He added: "Chinese suppliers are cautious about offering their material now, awaiting further details on the export quotas. But if the export amount is right, it's likely to impose a big impact on the market because it will be a big cut on exports compared with the amount of last year." The JDC official said that China exported slightly above 50,000 mt of molybdenum-related products in 2006. A source close to Chinese producers said: "This seems to be a small amount (on exports) compared with last year. I expect export prices will rise in the long-run due to reduced exports from China while domestic prices will be pressured down by more supplies in the local market.

[Zockempire]

Dann kommen die Molywerte wohl wieder in Schwung...

Moly wird imho noch über 40 USD pro Pfund steigen.

[Asynchronmaschine]

NEW YORK -- After spending several weeks within reach of
record highs, molybdenum prices have slipped due to a sales lull driven by lower demand from U.S. stainless and specialty steel producers. Ferromolybdenum has fallen to between $34 and $36 per pound from $36 to $38 previously, while molybdic oxide has slipped to $30 to $33 per pound from $33 to $35 at the end of May. "There has been a slight consolidation in the ranges," a trader aid. "And stainless demand has dropped off, which should have a substantial impact going forward." Traders still see potential on the other side of the summer decline. "It would be pretty unusual to reach a high in the summer months," a second trader said. "There isn't a big flood of material in the market, but these prices are more a matter of lower demand. Stainless has cut back and demand from high-strength low-alloy steels is off. The percentage of moly in these steels is small, but their consumption volumes are large and when demand is off we see things come off in moly." An upswing in demand at summer's end could see molybdenum prices nudging back up to record territory, traders said. Meanwhile, Thompson Creek Metals Co. recently made changes to its marketing strategy by adding Jeffrey Allison, formerly of Climax Molybdenum, to head its sales and marketing team, a source at the company confirmed Friday. The decision marks the end of a 12-year marketing relationship with HOC Metals Inc., which previously handled Thompson Creek's molybdenum.

[Asynchronmaschine]

Three Top Metals Stocks: TFN Market Insights 04/18/07

http://www.youtube.com/watch?v=PHeF39oxgko

[Asynchronmaschine]

dann atmen wir halt mal durch
nach dem anstieg viellciht sogar die beste lösung
an den fundamentalen daten ändert sich ja nichts
die betreffenden rohstoffpreise sehen weiter gut aus

[Asynchronmaschine]

AMM:Molybdenum quotas may tighten US mart
Jun‑26‑2007 6:08PM
New York -- Reports that China has reduced molybdenum export
quotas by 50 percent from last year have U.S. buyers and sellers bracing for a tight second half of 2007. The government reportedly has set the quota at about 16,000 tonnes of molybdenum products for the second half of the year—12,000 tonnes earmarked for ferromolybdenum and molybdic oxide, with the balance for
molybdenum-related chemical products and metal products, including ingot, rod, bar and scrap. "This is definitely going to add to the market's firmness. Regardless of what demand does, this is going to have a big effect. They're cutting exports by half," a trader said. Most industry observers had expected China to cut the quota by 30 percent. In 2006, China exported 28,768 tonnes of molybdic oxide and 18,598 tonnes of ferromolybdenum, totaling 47,366 tonnes, according to customs figures, putting the average half-year export quantity at 23,683 tonnes. The Chinese government has not confirmed the new quotas, but traders said they received word of the quotas from local foreign trade bureaus. The quotas are expected to go into effect July 1. The news had an immediate psychological impact in the U.S. market, but there might be a lag before the market feels the pinch of lower Chinese shipments. "Mentally, prices will go up right away. It certainty will give the appearance of a material shortage," a second trader said. But a more dramatic impact won't be seen until the fall, as slow spot sales will help to temper a price hike. "For now, things are flat but steady. There is no big boom, but still there isn't a lot of available
material sitting around," the second trader said. "The only real business we're seeing is for prompt delivery. Mills don't want to buy on a forward basis." But once the summer slowdown ends, the reality of the Chinese quotas will run the market back up to record territory, traders agreed. "There is a constant growth in demand in stainless steel and there is going to be a lot less supply to meet that," the first trader said. "And on top of the quotas, there is less material coming out of South America because the copper guys have exhausted their high-moly-grade ores while trying to capitalize on its high prices over the past couple of years." Reduced output from Corporacion Nacional del Cobre de Chile (Codelco) is expected to tighten the U.S. supply picture. Kennecott Utah Copper Corp., Magna, Utah, and Thompson Creek Metals Co., Toronto, have both projected lower production this year. Market sources put ferromolybdenum at between $35 and $38 per pound in the
United States vs. $36 to $38 previously, while molybdic oxide is $31 to $34 per pound, up from $30 to $33.

[Asynchronmaschine]

Late-stage copper plays could be takeover targets
If gold resources trade at roughly 10% of the price of gold itself, then Blackmont Capital thinks copper should too. Borrowing this rule of thumb from the gold sector, copper resources should be worth roughly US15¢ per pound, based on the firm’s long-term (2012 and beyond) price target of US$1.50.
So if copper resources at development projects are valued at only US9¢ per pound (before capital costs), Blackmont thinks senior producers have an opportunity in advanced-stage large copper and molybdenum deposits. After all, they have the cash and expertise to make these acquisitions, analyst George Topping said in a report.
He has initiated coverage on six copper companies that could stand to gain in this environment.
......
Copper and molybdenum producer Mercator Minerals Ltd. (ML/TSX)

[Asynchronmaschine]

so sahs diesen monat aus

[Zockempire]

Ja, völlig unverständlich, dass die Goldbuden so hoch bewertet werden und die Basismetallwerte nicht.

Da sieht man mal wieder gut, wie irrational die Börse ist.

[Asynchronmaschine]

schon wieder bei 7,85
und das bei 189.500 stück umsatz
wenn da mal volumen reinkommt

noch kennt uns ja kaum jemand

[Asynchronmaschine]

7,95
da wollen wohl einige noch ganz schnell in den zug
nicht verkehrt
dampft er doch mit 2010-er KGV von 2 durch die gegend

[Zockempire]

June 28, 2007
More Moly Supply Problems
First a strike update:

The PCU Peru mine strikes continue and have 9% of worldwide Moly supplies offline.
The union of the Chilean Collahuasi mine, controlled by Anglo American and Xstrata, just voted to go on strike. It will take about a week to get underway, but that's another 3% of worldwide Moly supplies set to go offline bumping the total offline to 12%! of worldwide production.
Now we get a report that Chile's Moly production (without any strikes) is down year-over-year by 6.2%. Here's some calculations:

Production is down 238 tons/month or 5.7 million lbs/year.
That's 1.5% of worldwide production.
Meanwhile, the Chinese are expected to cut their Moly exports by 50%. In the past, Moly shortfalls were made up by the Chinese, but its pretty clear its not happening that way this time. This analyst (don't know how reputable he is) is expecting Moly prices to jump above their previous record sometime after labor day.

Meanwhile, Moly demand is growing by something like N 4% per year (see this and that and that).

http://montyhigh.typepad.com/world_of_wallstreet/2007/06/mor…

[Asynchronmaschine]

"Moly-Talk"..
PLATTS: China grants 12,825 mt moly oxide, FeMo quotas for balance 2007
Jun, 28th
China has granted export quotas for a total of 12,825 mt of molybdenum oxide and ferromolybdenum for the balance of 2007 to the licensed Chinese exporters of the products, industry sources in China said on Thursday. The country also granted 4,000 mt of molybdenum chemical and metal products during the period.
Up until now, there have been no official announcements on the China's Ministry of Commerce web site on the size of export quotas but some Chinese exporters told Platts that they had received the notice directly. China's Ministry of Commerce earlier announced that a total of 32 molybdenum producers and traders had met government standards to get required licenses for exporting molybdenum products, effective from June 18. An official from China's Sing Horn Group, one of the licensed exporters, said: "We should have received the actual figures on export quotas for our company but our management has not given us the approval on disclosing any details." An official from another exporter Chaoyang Jinda Molybdenum said the company was granted 750 mt on exporting molybdenum oxide and ferromolybdenum. "We are not satisfied with the [small] amount.... and right now, we are very cautious about offering our material as we have to count every single quota and will lose one each time we export," he said. "We target to offer at high prices now as we don't have many quotas for this year."
An official from moly major Jinduicheng Molybdenum Mining (JDC) said each exporter should have received notices from the government on the number of quotas granted. The JDC official, however, refused to disclose more details. "We decided not to publicly announce the details because it's a sensitive issue....we think the quotas granted for our company are being too small." He added that the moly quota system would have a bigger impact on large-scale molybdenum producers. "The impact is especially strong for our company which deals in long-term contracts with customers." He added that the company was not offering any spot material at the moment. "We have not yet received any new export licenses granted by the local government authority and hence we are not exporting any spot material," he said. The JDC official said during the January-May period, China exported 12,052 mt of molybdenum oxide and 8,569 mt of ferromolybdenum. A source close to the Chinese producers said: "It's understandable that Chinese exporters don't want each other to know about the amount of export quotas they have been granted." He added that export prices for both molybdenum oxide and ferromolybdenum were likely to continue be on the rise due to forthcoming reduced exports from China According to industry sources, local traders said in the near future, export prices were likely to rise while domestic prices were under pressure. One local trader said: "The export market is now at a standstill because every one is watching how the market will be affected by the new export policy." The export quota system is believed to be a move by the Chinese government to further curb exports of energy-intensive industries in order to protect the country's available reserves.

[Asynchronmaschine]

'Moly' nearing two-year high
Jonathan Ratner, Financial Post
Published: Friday, June 29, 2007
The mysterious metal that is molybdenum, or "moly" for short, could rise above record prices last seen in June, 2005, if reports that China may cut export quotas on moly products by roughly 50% prove correct. News is expected next week. Moly, primarily a by-product from copper mining, but also mined on its own, has risen from less than US$5 per pound in early 2003 to around US$35 these days. Blackmont Capital analyst George Topping thinks average prices will reach US$50 per pound in 2008 due to tight demand that he says is only exacerbated by investment funds. He thinks prices will continue to fall after that, eventually averaging US$10 in 2012 and beyond. While there appears to be a lack of public information available about element number 42 on the periodic table (symbol Mo), which is typically used to strengthen iron and steel, "most of the easily attainable moly production from existing operations has already been accessed and in some cases is now declining," Mr. Topping said in a research note. Meanwhile, he said it takes roughly two years to add a moly plant to existing copper projects that are not equipped to capture the moly they mine. This is one symptom of what he calls a "lack of faith" in the moly rally and a market characterized by indifference. Nonetheless, Mr. Topping expects demand to remain strong in coming years due to demand and the limited number of advanced deposits. Sprott Asset Management's new molybdenum participation fund, which will buy and sell physical moly much like its does with its uranium fund, will also likely tighten the market suddenly, he said, adding that this could catch the market off guard.

[Asynchronmaschine]

geht aber fix
schon wieder bei
8,17

[Asynchronmaschine]

beim vergleich über die letzten 3 monate führt ML das feld an


über die letzten 6 monate liegt man auf einem sehr guten 2. platz
die zukunft steht "im zeichen des mercators"
von allen molywerten sind ml und rok die unbekanntesten
warum eigentlich?

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kanada am montag zu!!!
feiertag

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bald sind wir 2stellig
erst in can dollar
und dann auch bald in euro

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Mercator Minerals Ltd (ML CN) was rated new ``buy'' in new coverage by analyst George Topping at Blackmont Capital. The 12-month price target is C$11.35 per share.

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TORONTO, July 4
TSX: MLY, MLY.WT - Sprott Molybdenum
Participation Corporation (the "Corporation") announces that its net asset value as at June 29th, 2007 was $240 million or $5.40 per issued and outstanding 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") was $196 million, the fair market value of molybdenum
oxide purchased for delivery in the forth quarter was $20.5 million and $50 million was invested in cash and money market securities as at June 29, 2007. Gross appreciation in the value of the Portfolio Investments since January 1, 2007 was approximately $36 million. Please note that all of the figures are approximate and unaudited. 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 June 29, 2007)
1. Thompson Creek Metals Company Inc.
2. Idaho General Mines Inc.
3. Quadra Mining Ltd.
4. Inca Pacific Resources Inc.
5. Mercator Minerals Ltd.
6. Roca Mines Inc.
7. Moly Mines Limited
8. International PBX Ventures Ltd.
9. Galway Resources Ltd.
10. Golden Phoenix Minerals Inc.

About Sprott Molybdenum Participation Corporation
-------------------------------------------------
The 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 will provide investors with several benefits. It will provide investors with the opportunity to invest in commercial forms of molybdenum, which is currently unavailable through an exchange. In addition, it will provide investors with a diversified portfolio of securities of private and public companies that explore for, mine and/or process molybdenum. No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been and will not be offered or sold in the United States or to, or for the account or benefit of, a "U.S. person", as such term is defined in Regulation S under the United States Securities Act of 1933, as amended. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States.

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Little let-up for commodities as China powers ahead
BEIJING (Reuters) - China is a long way from satisfying the voracious appetite that has powered a five-year global bull market in commodities from iron ore to soybeans. With the main commodity futures indexes well below last year's highs, efforts by China to reduce its reliance on imported raw materials have encouraged those skeptics who scoff at talk that a long super-cycle in commodities is now well-entrenched. But most analysts see things differently. They say it's no accident that China has accounted for over 60 percent of the increase in world demand for many commodities in recent years. China is undergoing the greatest migration from the land to the cities the world has seen, generating demand for steel to build skyscrapers and cars and for copper to carry electricity.
And the new armies of urban industrial workers, their ranks swelling by about 10 million a year, are spending more of their higher wages on meat, underpinning the price of grains. "Most commodities in China still look extremely bullish and China's influence looks fairly positive," said Adam Rowley, a commodities analyst with Macquarie Bank in London. "On trend, we would see China as an unstoppable force in these markets." China's economy is likely to grow by 10.9 percent this year, marking the fifth straight year of double-digit expansion, a top government think-tank said on Wednesday. The last time the economy grew faster was in 1994. To support growth, China in 2006 added electricity-generating capacity that was almost as much as France's existing capacity. Yet, befitting a developing country, China's consumption of commodities is still low. It uses less than 2 kg (4.41 lb) of aluminum per person a year, compared with 12-14 kg in Japan and North America. "As long as you have growth continuing at the rate it is now, and the industrialization in China, I don't see the demand for metals coming off at all," said Helen Henton, head of commodities research at Standard Chartered Bank in London.
SUPPLY RESPONSE
Still, at the margin, China's response to fast-rising prices has started to weigh on some commodity prices, analysts say. For instance, substitution with cheaper raw materials has slowed Chinese demand for copper and nickel. Rowley also noted that Chinese companies boosted alumina production by around 54 percent last year, helping to drive down the spot price from a record $650 a tonne in the first quarter of 2006 to around $350 now. Malcolm Southwood of Goldman Sachs JBWere said that while China's demand will buoy many commodities, it could expand its output of others sufficiently by 2009 to darken their price outlook. In a note to clients, Southwood said alumina, stainless steel, steel products and nickel could fall into this category. Increased efficiency in processing commodities could also dampen demand, experts say.
On the energy front, China's dependence on imported oil will continue to grow even if Beijing introduces a fuel tax and raises fuel efficiency standards for vehicles, said Yang Fuqiang, head of the China office of the U.S.-based Energy Foundation. Foreign oil may account for 55 percent of total consumption by 2010 and 65 percent by 2020, Jiang Xinmin, a researcher at the Energy Research Institute, a government think-tank, said on Saturday. China now imports about 46 percent of its oil. As stockpiles of key grains drop, China could also become a significant net importer of agricultural products, analysts say.
POLICY SHIFTS
Furthermore, recent shifts in government policy should also prop up a number of commodities. Export taxes imposed on certain metals to cap output of low value-added goods that create a lot of pollution will slow production of aluminum and ferro-alloy in particular, said Michael Komesaroff of Urandaline Investments. "That will be supportive of prices. Demand will be strong, but China will start initially to be balanced and will then resort more and more to the world economy," he said. In weighing up China's importance for global commodities, a comparison with fast-growing India, which also has a population of more than 1 billion, is instructive. Both could use about 10 percent more copper this year, Southwood of Goldman Sachs JBWere said. While that would boost Indian demand by 35,000 tonnes, China's consumption would soar 400,000 tonnes, he said. Jim Rogers, a noted fan of commodities who helped found the Quantum Fund with George Soros, said that, short of a bird flu epidemic, rising demand in China and the rest of Asia was bound to prop up many commodities even if there was a U.S. recession. "We're in a bull market for commodities," Rogers said from Singapore. "This bull market has a long way to go."

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Are “moly mania” prices here to stay?
Strong demand, as well as production bottlenecks, may keep molybdenum prices high for the next few years

The same fundamentals that have been driving up prices of the better known metals are spilling over onto their exotic cousin, molybdenum. Over the past couple of years, the price of this “energy” metal has more than tripled from its 10-year average of US$10 a pound. With concerns about future supply in an already tight market and bottlenecks at smelters, analysts say, molybdenum’s historically high prices are here to stay — at least, until the end of the decade. David Charles, mining analyst at Toronto-based GMP Securities LP, is calling for the hard white metal to average US$26.50 a pound in 2007, increasing to US$28 in 2008, before dropping back to US$18 in 2010 and US$9 thereafter. But he thinks these estimates may be understated in the long term.
“We believe our long-term price is conservative and some of the planned molybdenum projects may not be economical at US$9 a pound,” he says in a May report. Molybdenum provides strength and corrosion resistance for many types of steel and stainless-steel alloys, especially in high-temperature environments. Its main uses are in furnaces, high-temperature applications in the lighting and glass industries, electronics, nuclear energy and aerospace. Growing applications for the metal include flue-gas desulphurization at coal-burning power plants, oil and gas pipelines, condenser tubes in nuclear plants and catalysts in the petroleum refining sector. In some of these applications, it is difficult to substitute molybdenum with other substances such as vanadium because of the former’s unique attributes. Although just 10 companies currently control about 65% of global molybdenum mine production, some of the more forward-thinking players in the mining industry are already capitalizing on “moly mania” by creating publicly traded entities with a molybdenum focus, giving investors an opportunity to participate in the metal’s bull run. For instance, Toronto-based Sprott Securities Inc. recently launched Sprott Molybdenum Participation Corp., hoping to replicate the success of a similar vehicle launched two years ago called Uranium Participation Corp. While UPC invests strictly in uranium, the moly fund invests not only in molybdenum oxide but also its related equities, which tend to appreciate faster than the underlying commodity. As of April 30, Sprott’s moly fund had a net asset value of $220 million, or $5.27 a share, up $34 million from Jan. 1. Sprott’s top holding is Thompson Creek Metals Co. Inc., recently acquired by Blue Pearl Mining Ltd. Toronto-based Blue Pearl was just another tiny junior focusing on exploration of the Davidson molybdenum property in British Columbia before it raised US$575 million — US$402 million of that in debt securities — to buy privately owned Thompson Creek and its North American assets, last year. Now Thompson Creek is the largest publicly traded, stand-alone molybdenum producer in the world. Thompson Creek recently traded at $18 a share, up from a 52-week low of $1.70, making it the TSX’s best performer for the year ended June 8. According to London-based Roskill Information Services, global consumption of molybdenum was about 400 million pounds in 2005 and is forecast to grow to about 490 million pounds by 2010. Meanwhile, mine production totalled 410 million pounds last year, about 76% of which is produced as a byproduct of copper mining. According to Charles, production has grown at an annual rate of 5.3% a year since 2001, but increased by almost 16% in 2004 as Western copper producers ramped up production to take advantage of higher molybdenum prices. He expects this growth to stabilize at 4.3% because most of the new copper mines coming onstream in Latin American or the Congo do not recover molybdenum. Supply from China, which controls an estimated 39% of the world’s molybdenum reserves, could also plummet as the Chinese government reduces exports. “They view themselves as funding the development of the Western world with their natural resources at prices they consider too low,” says Thompson Creek president and CEO Kevin Loughrey, who just returned from a fact-finding mission to China. “They want to marshal their own resources for their own consumption.” China just raised its tax on molybdenum exports to 15% from 10%. Loughrey sees quotas and export licences becoming the norm as China cracks down on the amount of metal leaving the country. This choke on supply would, in turn, drive up the molybdenum price. Like uranium but unlike other metals such as nickel and copper, molybdenum inventories are far from transparent. Rather, the metal’s price is dependent on direct transactions between producers and consumers, who respond to supply/demand fundamentals dictated by global economic conditions. The metal is unhedged and there is no forward market. The lack of transparency, especially in supply from China, is partially responsible for a volatile molybdenum price. For instance, global inventories fell to historical lows in mid-2005, driving the price up to a peak of US$37.44. But higher prices, in turn, lowered demand and increased supply, resulting in a small surplus by the end of 2006 and a more stable price of US$25-US$30 a pound. At that price, Thompson Creek — which has survived a few down cycles in its 15-year history — can make very good money. UBS Securities Canada Inc. recently revised its 2008 earnings estimate for the firm to US$2.12 a share from US$2. Net income is expected to be US$164 million in 2007, rising to US$279 million in 2008. Thompson Creek owns the namesake mine and concentrator in Idaho; 75% of the Endako mine, concentrator and roaster in B.C.; the Langeloth roasting facility in Pennsylvania; and the high-grade Davidson deposit, also in B.C. A handful of junior mining companies that have strong exposure to molybdenum and potential for near-term production are also listed on the Toronto Stock Exchange. Loughrey says that, because the molybdenum price is volatile, deposit grades are key, allowing higher-grade producers to ride out the tough times. At historical molybdenum prices, anything higher than 0.1% molybdenum would be considered a good grade, while lower-grade deposits may be economical at today’s prices. He adds that because the conversion of molybdenum sulphide into salable product is difficult, investors should be wary about how companies state their resources. “It’s a fairly complex thing to turn moly sulphide in the ground to moly oxide out of the roaster,” he says. “It’s worth being very careful about the numbers people tout about the size of their deposit.”
Vancouver-based Columbia Yukon Explorations Inc. holds the rights to explore the Storie molybdenum deposit in B.C. The historical resource estimate for Storie is 100.5 million tonnes graded at 0.077% molybdenum. The deposit has potential for growth. Columbia recently raised $3.2 million to investigate the deposit’s extensions in preparation for a pre-feasibility study next spring.
Toronto-based Virgin Metals Inc. has two advanced exploration-stage molybdenum/copper porphyry properties in northern Mexico: Los Verdes and the less advanced Cuatro Hermanos. The Los Verdes property is a historical molybdenum producer with resources of 10.5 million tonnes graded at 0.124% molybdenum. The company estimates the deposit could produce as much as 2.5 million pounds of molybdenum and nine million pounds of copper a year. Another potential winner is Roca Mines Inc., which intends to be the first new Canadian molybdenum producer when its 100%-owned MAX deposit southeast of Revelstoke, B.C., begins operations this summer.
Roca will initially focus on a high-grade core containing 280,000 tonnes graded at 1.95% molybdenum sulphide. Then — if prices permit — it will expand to a larger deposit of 43 million tonnes graded at 0.20% molybdenum. White Rock, B.C.-based Adanac Molybdenum Corp. has also been an investor darling, doubling to $2 a share from $1 earlier this year. Adanac owns the Ruby Creek deposit, a low-grade bulk-tonnage deposit in B.C., and three moly or moly/copper projects in Nevada. Adanac expects to begin producing from Ruby Creek in early 2008.

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8,30

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erste Taxe 8,49

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China's Unwrought Copper and Copper Product Imports Up 52%
By David Harman
10 Jul 2007 at 10:06 AM GMT-04:00
SHANGHAI (Interfax-China) -- China imported a total of 1.514 million tonnes of unwrought copper (including copper anode, copper cathode and copper alloy) and copper products in the first half of this year, expanding 52.3% from the same period last year, according to preliminary statistics released by the General Administration of Customs today.
However, specific figures for June imports have not yet been issued by the GAC.
According to previously released statistics, China imported 1,301,776 tonnes of unwrought copper and copper products in the first five months of this year, climbing 58.5% year-on-year. When compared to first half import volumes, unwrought copper and copper product imports for June can be calculated at approximately 212,224 tonnes, dipping 3.78% from 220,561 tonnes in May.
China's trade surplus climbed to a new monthly record in June this year, amounting to $26.91 billion, according to GAC statistics.
The record trade surplus in June came just after the government announced an adjusted export tax rebate policy as of July 1. The adjustment affects 2,831 Chinese export items and is designed to cap the soaring growth in exports and rein-in the ballooning trade surplus.
China's aggregate turnover amounted to $980.93 billion in the January to June period, while the trade surplus amounted to $112.53 billion.
China exported 273,701 tonnes of unwrought aluminium (primary aluminium and aluminium alloy) in the first half of this year, plummeting 56.2% from the same period last year, according to preliminary statistics released by the General Administration of Customs today.
Unwrought aluminium exports in June amounted to 35,275 tonnes, down 23.62% from 46,181 tonnes in May.
The export reduction was mainly due to the Chinese government's policy that has seen the increase of the export tax on primary aluminium from 5% to 15% since Nov. 1, 2006, in an aim to cool down investment in the aluminium industry, as well as alleviate pressure from the ballooning trade surplus.
Shanghai Futures Exchange (SHFE) copper futures finished fractionally lower on Tuesday, while the LME's three-month copper gained $150 to $7,990 per tonne overnight.
China's unwrought copper and copper product imports surged 52.3% in the first half of the year to 1.514 million tonnes. June imports were approximately 212,224 tonnes, down 3.78% from May.
"The copper and copper product import figures for June were far higher than the market expected, which could be the main factor pulling down copper futures. Refined copper imports last month were considered unprofitable, as domestic copper prices remained weaker than international prices," Lu Zhenming, an analyst with Dongya Futures, said.
The most traded September copper contract closed at RMB 66,410 ($8,756.02) per tonne today, down RMB 80 ($10.55).
Shanghai aluminium futures settled lower on Tuesday, with the most active September contract falling RMB 70 ($9.23) to RMB 19,590 ($2,582.90) per tonne.
The central government is considering the cancellation of import taxes on primary aluminium, currently at 5%, an industry official told Interfax today.
The possible policy move would not impact the domestic market, since the country still relies on exports of primary aluminium to overcome its domestic surplus, the official said.
Commentary
Copper imports are definitely declining, and June's figures will confirm whether or not this is a continuing trend.
We have suggested in recent commentary that export policies aimed at slowing down trade would be unlikely to stem the flow. This appears to be the case as trade and surplus show little sign of abatement.

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Copper names that may be takeover targets get boost

Merger and acquisition activity in the copper sector has led Blackmont Capital analyst George Topping to raise his price targets on several names.

His expectations for shares of Katanga Mining Ltd. (KAT/TSX), the target of Monday’s all-share takeover bid from London-listed Camec, moved to $25.35 from $20.30 per share, while his recommendation was upgraded to “speculative buy” from “hold.”

However, Mr. Topping noted that the large holding of insider shareholders could lead to a somewhat disappointing takeover price.

His price target for Chariot Resources Ltd. (CHD/TSX) was hiked to $1.75 from $1.45.

As part of its takeover of Rio Narcea Gold Mines Ltd. (RNG/TSX), Lundin Mining Ltd. (LUN/TSX) will get a 20% stake in Chariot. It is currently developing the 70%-owned Marcona copper property in Peru.

Equinox Minerals Ltd. (EQN/TSX) moves to $5.25 from $4.05 per share. It’s 100% owned Lumwana copper project in Zambia is considered a world-class asset and makes it a possible takeover target.

Augusta Resources (AZC/TSX) got a boost to $4.60 from $4.20 per share and Mr. Topping expects it will receive its permit for the Rosemont copper project in Arizona around the middle of 2008.

His target for Teal Exploration & Mining (TL/TSX) remained unchanged at $9.75 due to the 65% stake held by African Rainbow Minerals, but copper and molybdenum play Mercator Minerals Ltd. (ML/TSX) got a boost to $12.50 from $11.35 per share.

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8,92

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9,08

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taxe 9,29
vielleicht eröffnen wir in etwa auch auf diesem niveau und könnnen bald die 10 nehmen

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9,50

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aus einem anderen thread geklaut



Veröffentlicht von Prof. Dr. Hans J. Bocker am 19.07.2007 um 10:28 Uhr
Molybdän - Ein neuer Stern am Rohstoffhimmel

Unbekannt und ungenannt - nicht mehr lange

Noch bis vor kurzer Zeit weckte der Mehrzahl der Leser der Tagespresse die Nennung des Fremdbegriffes "Molybdän" (in der Umgangssprache kurz "Moly") bestenfalls Assoziationen an einer molligen Dänin oder deren Hund, dem Grossen Dänen. Ansonsten folgte ein mattes Gähnen. Doch gähnen mittlerweile immer weniger, denn nach Preissteigerungen von 3 auf über 40 $ pro Pfund in wenigen Jahren - genauer, seit 2001 - (derzeit im Bereich von 32 $ im Angebot) wurden sogar verwöhnte Investoren argwöhnisch. Es musste ja auffallen, dass derlei Preisanstiege diejenigen von Gold und Silber im gleichen Zeitraum um ein Mehrfaches übertrafen: Grob gesprochen: Eine Verzehnfachung gegenüber einer Verdreifachung. Damit aber kam die an den Börsen so typische Gier - Verzeihung - lebhaftes Interesse - auf. Steile Preissanstiege oder markante Kursgewinne irgendeiner Aktie, Währung, eines Rohstoffes oder Metalles senden nun einmal Adrenalinstösse in die Blutkreisläufe der Investorengemeinschaft, wenngleich manchmal mit Verspätung.

Die kanadische Finanzfirma Sprott Securities, die sich auf Metalle, und insbesondere Molybdän spezialisiert hat, geht sogar davon aus, dass das alte Preis-Hoch von über 40 $ pro Pfund bis Jahresende nominal wieder erreicht wird: Eine gute Nachricht für Anleger, die sich hier bereits engagiert haben. Bezeichnenderweise hat dieses kanadische Wertpapierhaus auch gleich noch einen Exchange Traded Fund, also einen börsengehandelten Fond, kurz ETF, aufgelegt. Ganz ähnlich wie bei den entsprechenden ETF - Schwester-Institutionen für Gold und Silber werden diese Titel sowohl mit Aktien (mit Molybdän-Bezug) wie auch mit physischem Metall - hinterlegt. In einem allerersten Schritt hat man für diesen Fond mit dem appetitlichen Namen "Sprott Moly" (nicht zu verwechseln mit Massenschwärmen kleiner Fische und ausführlich: Sprott Molybdenum Participation Corp.) 150 Millionen kan. $ eingesammelt.

Diese Aktion hatte eine Art Schlaglicht-Wirkung in dessen Scheinwerferstrahlen das bisher unbekannte Moly steht. Endlich spricht jemand aus der Familie die Wertpapierhäuser diesem unbekannten Metall eine erste Anerkennung aus.

Hinzu kommt, dass der globale Verbrauch von Molybdän seit Ende der 60-er Jahre um über 400% zugenommen hat. Solange China, Indien und Rest-Asien ihre Volkswirtschaften, insbesondere deren Metall-, Öl- und Kunststoffindustrien, im Schnellgang am Laufen halten - wobei insbesondere der Stahlindustrie (Südkorea führt) eine führende Rolle zukommt - sind weitere Steigerungen der Nachfrage klar vorprogrammiert.

Die Preise für das Metall kletterten in den 70-er Jahren auf 50 $ pro Pfund (inflationsbereinigt heute etwa 148 $), fielen in den 80-er Jahren, dem Downswing des Rohstoffzyklus’ folgend, auf etwa 8-10 $ und in den 90-ern sogar auf etwa 3 $. Sie liegen derzeit etwas über 30 $ je Pfund. Kürzlich wurden in China sogar 36 $ am Spotmarkt gefordert. Um das alte Hoch der 70-er Jahre nach Kaufkraft zu erreichen, müsste der Preis also auf etwa 148 $ pro Pfund steigen, was in etwa einer Verfünffachung des heutigen Niveaus entspräche. Längerfristig wurden im Verlauf der Rohstoffzyklen die alten Höchststände nicht nur wieder erreicht, sondern auch deutlich überschritten. Man wird abwarten müssen, ob die Gesetze der Zyklen auch in künftigen Zeiten noch ihre Gültigkeit behalten. Die Wahrscheinlichkeit hierfür ist sehr hoch.

Auch an den Terminmärkten ist das Metall noch weitgehend unbekannt und unentwickelt. Man kann auf fast alle Metalle Options- und Futureskontrakte eingehen bzw. abschliessen, jedoch nicht für Molybdän!
Das dürfte sich bald ändern. Eine gewisse Anerkennung in diesem Bereich ist hier überfällig.

Der über 15 Jahre anhaltende Bullenmarkt für Rohstoffe in den 60-er und 70-er Jahren wurde vom Aufstieg Japans (120 Millionen Einwohner) zur industriellen Grossmacht getragen. Die Situation im heutigen Bullenmarkt ist ähnlich - mit einem wichtigen Unterschied: Diesmal sind mehr als 20 Mal so viele Menschen in Asien involviert, was auf ein langes Leben des Rohstoffbooms hoffen lässt. Die verbrauchten Mengen sind enorm.

Beispiel Kupfer: Der tägliche Verbrauch der Welt passt in vier (4) Güterzüge mit je 100 Waggons und einer Länge von jeweils 1,6 Kilometer Länge. Die derzeit weltweit gehaltenen Kupfer-Vorräte reichen gerade für 4½ Tage des globalen Verbrauches. Die Neuentwicklungen so gut wie aller Metallminen reichen nicht aus, die Abbauraten der alten noch laufenden Minen zu ersetzen. Es gibt keinen zweiten chilenischen Kupfergürtel oder keine weiteren hochhaltigen Molybdänminen im Megaformat. Immer wildere grüne Vorschriften, lokale Proteste, immer grössere Hürden bei der Ausreichung von Bergbau-Permits, Enteignungen durch "volksnahe" Regierungen und immer längere Entwicklungszeiten für oft zweitklassige Vorkommen (erstklassige sind im Aussterben begriffen) sowie rasant steigende Kosten schaffen Preisauftriebe. Alles spricht für lukrative Rohstoff- und Metallinvestitionen in der richtigen Gegend und der richtigen Gesellschaft. Natürlich wird der Zyklus enden, doch dürften darüber noch viele Tonnen schwach konzentrierter Moly-Erze jahrelang unter den Brücken der Röstanlagen hinunter fliessen.

Das Metall und seine Bedeutung

Das chemische Element mit der zinnweiss-silbrigen Farbe findet sich unter "Mo" in der Gruppe 6 des Periodensystems der Elemente. Schon die alten Griechen kannten das mit vielen anderen Metallen legierbare, feste Schwermetall. Sie nannten es "molybdaina", was soviel wie Bleimasse oder Bleikugel bedeutet und sich von molybdos = Blei ableitet. Im Mittelalter wurde es häufig mit Bleiglanz verwechselt und auch "Wasserblei" oder "Reissblei" (wegen einer gewissen Sprödigkeit beim Verarbeiten) genannt. In der moderneren Welt entdeckte es Carl Wilhelm Scheele 1778 (Mozart war 22 Jahre alt) "offiziell": Damit war seine amtliche Einreihung ins Periodensystem gesichert.

Mit einer Protonenzahl von 42, einem kubisch-raumzentrierten Schichtgitter (daher die ausgezeichneten Schmierwirkungen), einer Dichte von 10,22 g/ml (also 10 Mal so schwer wie Wasser und halb so schwer wie Gold) und einer relativen Atommasse von 95,94 stellt sich der Schmelzpunkt auf 2.617°C (fast doppelt so hoch wie Kohlenstoffstahl) und der Siedepunkt auf 5.560°C (einer der höchsten aller Stoffe überhaupt). Für pflanzliche, tierische und menschliche Organismen ist das Metall ein essentielles und absolut unentbehrliches Spurenelement. Moly-Kunstdünger - Gaben verhindern das Gilben der Blätter und kräftigen den Pflanzenwuchs.

Wegen des hohen Schmelz- und des extrem hohen Siedepunktes verleiht es Kunststoffen und Plastik Feuerfestigkeit und dämpft auch die Rauchentwicklung sehr stark, beides Eigenschaften, die in einer Welt immer strengerer "grünen" Sicherheitsvorschriften und im Umweltschutz gesucht sind. Wenn Autos, die enorme Mengen Kunststoff (250 kg und mehr sind keine Seltenheit) enthalten, Küchen, Häuser oder technische Anlagen brennen oder schmoren, reduzieren schon kleine Moly-Beigaben Erstickungsgefahr und (Sicht- ) Vernebelungseffekte. Im Brandfalle bleibt dem Betroffenen wenigstens die Freude rauchfreier Entwicklung und der guten Übersicht über den fortschreitenden Raub der Flammen.

Molybdän ist ein duktiles, nicht ganz leicht formbares Schwermetall. Eine dünne Oxydschicht gewährt Luftbeständigkeit. Von Wasser sowie der Mehrzahl der Säuren und Laugen wird es nicht angegriffen. Deshalb wird es in großen Quantitäten zur Herstellung von säure- und laugebeständigen Edelstählen und Nickelwerkstoffen eingesetzt. In seinen chemischen (kaum aber seinen physikalischen) Eigenschaften steht es Wolfram recht nahe.

Molybdän wurde früher oft mit Bleiglanz oder Graphit verwechselt. Wegen seiner schwierigen Bearbeitbarkeit (es reisst leicht) fand Molybdän jahrhunderte hindurch kaum Beachtung. Erst gegen 1890 herum fanden die Ingenieure des französischen Rüstungsunternehmens deutschen Ursprungs Schneider & Co. ein kleines Geheimnis heraus. Wie so oft ist der Krieg der Vater aller Dinge: Bei der Herstellung von Panzerplatten verbesserten schon geringe Mo-Beimischungen deren Eigenschaften, wie Zähigkeit, Durchschlagswiderstand und Verbeulungseffekte in erstaunlicher Weise. Dieses Geheimnis blieb nicht lange in den französischen Rüstungsfabriken verborgen. Die Deutschen und später auch Engländer und Amerikaner begannen ihre Stähle ebenfalls mit Molybdän zu legieren und somit war ein erster grosser Nachfrageschub geboren. Die beiden Weltkriege trieben diese Nachfrage auf immer neue Höhen.

Doch nach WK II stürzten die Preise ab. Im Zivilbereich blieb die Nachfrage gedämpft und Europa blieb abhängig vom Fremdbezug. Die einzige westeuropäische Mine wurde bis zum Jahre 1973 im norwegischen Knaben betrieben.

Wachsende Nachfrage

Wie schon erwähnt, war Molybdän der Öffentlichkeit und der weltweiten Investorengemeinschaft so gut wie unbekannt. Das Metall ist keineswegs so sexy wie Gold, Silber, Diamanten oder Platin und Palladium. 2006 stieg der Molybdänverbrauch weltweit um etwa 6%, und der chinesische Verbrauch um 20%. China, einst für fast 80% der weltweiten Mo-Lieferungen verantwortlich, stoppte im letzten Jahr die Ausfuhren und belegte die Exporte sogar mit Strafzöllen. Rasant steigender Eigenbedarf wie auch strategische Überlegungen spielten bei den entsprechenden Entscheidungen Pekings die Hauptrolle.

Der globale Verbrauch wird Schätzungen zufolge bis 2018 von derzeit 400 Millionen Pfund auf 800 oder sogar 900 Millionen Pfund steigen. Woher diese Mengen kommen sollen, bleibt vorerst absolut rätselhaft. Neue Minen sind Seltenheiten, brauchen 5-10 Jahre bis zur Produktionsreife und Neufunde wiesen und weisen immer schwächere Konzentrationen auf. Auf jeden Fall sieht es gar nicht danach aus, als ob dramatische Preiseinbrüche zu erwarten wären. Die Welt-Stahlproduktion wächst um 10-11% pro Jahr. Die hierfür benötigten Moly-Mengen wachsen im Bedarf parallel mit.

Ausserdem: Die grössten Mengen stammen als anfallendes Nebenprodukt aus der Kupfergewinnung. Doch hier vollzieht sich ein für die Moly-Preise günstiger Wandel: Weltweit erschöpfen sich die Minen mit Kupfer-Molybdän-Porphyr - Erzen rasch. Es wird zunehmend und notgedrungen auf Minen eines anderen Typus (insbesondere in Afrika) ausgewichen. Deren Gruben und Schächte jedoch enthalten vorwiegend Kupfer-Kobalt-Erze und kein oder nur sehr wenig Molybdän. "The trend is your friend": Dies trifft hier für die Moly-Preise und die Investoren der Branche eindeutig zu.

Es gilt somit festzuhalten: "Reine" Molybdänvorkommen (also ohne physikalische Beimischung anderer Metalle, jedoch nicht in metallischer Form) sind also relativ selten (zu beachten: "reines" metallisches Moly tritt überhaupt nirgendwo auf, nur in chemischen Verbindungen, meist als Molybdänglanz). Ganz ähnlich wie Silber fällt es als Nebenprodukt, sozusagen zwangsweise, im Rahmen des Gewinnungsprozesses an (wer Rinder verarbeitet erhält ausser den begehrten Steaks auch Horn- und Knochenmehl, Häute und Eingeweide, erwünscht oder nicht).

Nur jede fünfte aller "Moly"-Minen gehören zu diesem "reinen" Typ (wie beispielsweise New Cantech oder Blue Pearl), was dort die anderenfalls erzwungenen aufwendigen teueren Trenn- und Reinigungsverfahren erspart. Im Gegensatz hierzu fallen rund vier Fünftel des weltweit gewonnenen Schwermetalls (genau wie im Falle von Silber) als Nebenprodukt beim Abbau anderer Industriemetalle (meist mit Kupfer -physisch, nicht chemisch - verunreinigt) mit an.

Weiterhin: Nickel ist derzeit wirkungs- und effekt-bezogen rund 5 Mal so teuer wie Moly (150 $ gegenüber 30 $ für gleiche Wirkung). In vielen Anwendungen in der Stahlindustrie bewirkt ein Pfund Molybdän das gleiche wie 5-7 Pfund Nickel. Daher wird Nickel zunehmend durch Moly ersetzt wobei die Stahlindustrie in diesem Verdrängungsprozess führt. Dieser Substitutionseffekt tritt vor allem in Bereich der Edelstahlproduktion auf, wo Rostfreiheit, Zähigkeit, Korrosionswiderstand, Druckfestigkeit, Säure- und Basenresistenz, Alterungsbeständigkeit (keine gefährlichen Alters-Mikrorisse bei Turbinenschaufeln und Rotoren) sowie Hoch- und Tieftemperaturverträglichkeit gefragt sind. Selbst wenn der Moly-Preis von derzeit etwa 30 auf demnächst 50 $ pro Pfund stiege, betrüge diese Preis-Nutzen-Differenz immer noch das Dreifache. Solange die Nickelpreise nicht in dramatischer Weise fallen, sind hier also Preisuntergrenzen für Moly eingebaut. Zumindest bis zu einem potentiellen Preissturz für Nickel wird die Stahlbranche diese Sparpotentiale keinesfalls übersehen.

Über die Bedeutung des unbekannten Metalls geben auch die Verbrauchszahlen Auskunft: Im Jahre 2006 beispielsweise, wurden weltweit für Kupfer, Uran und Silber jeweils rund 8,6 Milliarden $ ausgegeben. Für Molybdän jedoch mussten kumulativ fast 11 Milliarden $ bezahlt werden. Der Markt ist also grösser als derjenige dieser drei individuell genannten und sehr bekannten Rohstoffe bzw. Metalle. Auch diese Tatsache ist weitgehend unbekannt. Der Markt hat gesprochen, sein Urteil war eindeutig, doch kaum jemand nahm diesen Urteilsspruch zur Kenntnis.

Vorkommen

Der Anteil von Molybdän in der Erdkruste beläuft sich auf ca. 0,00015 Gewichtsprozent. Es ist also relativ selten und die Konzentrationen bleiben sehr gering. Dies erschwert und verteuert einen wirtschaftlichen Abbau grundsätzlich. Die Vorkommen als solche sind weit verbreitet aber die Konzentrationen extrem niedrig. (Ludwig Thoma hat diese typische Grundsituation in "Josef Filsers gesammelten Briefwechsel" wie folgt ausgedrückt: er bäuerliche Landtagsabgeordnete Filser (für die führende Mehrheits-Partei der katholisch-königlich-Konservativen) wird gefragt, wie denn der Zahlenproporz im bayerischen Landtag wäre und die es um die Dominanz redegewandter Hochintellektueller der viel kleineren Gegenpartei bestellt sei. Darauf Filser: "Die Dimmeren sei mer schoh, aber die Mehreren sei mer ah." Die weltweit gestreuten Molybdän-Vorkommen reflektieren genau diesen Sachverhalt. Viel, aber "sehr dünn". Typische Prozentzahlen der Gehalte, wie sie die Minen veröffentlichen, beginnen daher mit 0,1...%.

Das Metall tritt in freier Natur stets gebunden auf. Metallisch reine Vorkommen wurden bisher nicht bekannt. Als wichtigste dieser Bindungen bzw. der Molybdän-Mineralien gelten Molybdänit oder Molybdänglanz (MoS2, ein bleigrau bis blau-metallisch glänzendes Mineral), Powellit (Ca, Mo, WO4) und auch Wulfenit (Gelbbleierz, PbMoO4). Gelegentlich findet sich auch Molybdän(VI)-oxid und Molybdän(IV)-sulfid in den üblichen, sehr schwachen Konzentrationen.

Ein erheblicher Teil der der Fachwelt bekannten Molybdän-Vorkommen der Erde finden sich in schwer zugänglichen Gebieten mit denkbar schwacher Infrastruktur oder auch in politisch instabilen Ländern bzw. in diktatorisch geführten Nationen wie China.

Experten und deren Schätzungen zufolge sind die weltweit bekannten und vermuteten Moly-Reserven bis zum Jahre 2040 oder 2045 vollständig verbraucht. Neue Vorkommen werden im Prinzip quantitativ immer kleiner, weisen qualitativ immer schwächere Konzentrationen auf, sind regional immer schwerer zugänglich und liegen in grösseren Tiefen. Ergebnis: Höhere Kosten und damit steigende Preise!

Ein bedenklicher Trend: Im Falle von Gold, Silber, Platin oder den meisten der übrigen Schlüsselrohstoffe wie Kupfer und Zink sind die billigen, "leichten", und großen Lager längst gefunden und weitgehend ausgebeutet worden (wie auch bei Öl). Dieser weltweit wirksame Trend mit dem die Volkswirtschaften künftig noch voll konfrontiert werden, schliesst Molybdän natürlich nicht aus. Die langfristig angelegten Sicherungsstrategien der vorausschauenden Asiaten, insbesondere Chinas und Südkoreas in Afrika, Südamerika und in anderen Ländern, wie Kanada, tragen dieser Tatsache voll Rechnung.

Hilfreich für die künftige Preisentwicklung ist schliesslich auch die abzusehende Schliessung der grössten Moly-Mine der Welt: Henderson in Colorado wird in etwa fünf Jahren wegen Erschöpfung der Lagerstätten ausfallen. Die Vorräte sind am Ende und dürften ein Loch von ungefähr 17% in den weltweiten Angebotsstrom reissen. Mithin sind Verknappungen und somit wiederum Preissteigerungen vorprogrammiert. Der Kampf um die letzten Vorräte dürfte - ganz ähnlich wie bei Rohöl (und danach Wasser) - schon in wenigen Jahren einsetzen.

Bedarf

Der weltweite Bedarf für Molybdän steigt, wie schon erwähnt, jährlich mit einer Rate um 6%, während auf der Gegenseite die Produktionsmengen um wenigstens 1-2% pro Jahr zurückgehen, und dies ungeachtet der Tatsache, dass Chile als wichtigster Kupferproduzent seinen Ausstoss für 2008 und 2009 steigern will, was ein etwas höheres Moly-Angebot (Nebenprodukt) aus dieser Region zur Folge hätte. China verbraucht zurzeit ungefähr 14% der Weltproduktion mit Steigerungsraten um 20%. Das Land dürfte in wenigen Jahren mindestens 20 % absorbieren, falls seine Volkswirtschaft nicht in eine schwere Rezession verfällt. Geschähe dies und würde dieses möglicherweise noch mit einer massiven Rezession der USA Hand in Hand gehen, dann allerdings könnten die Molybdänpreise unter Druck geraten. Den gleichen Effekt könnte ein gigantischer Molybdänfund irgendwo auf der Welt auslösen. Geologen halten ein solches Ereignis jedoch für höchst unwahrscheinlich.

Solange die Ölpreise hoch bleiben und tendenziell weiter steigen, wird auch Moly hoch bepreist, da die Ölindustrie mit Moly eng liiert, ja fast verheiratet ist: Stähle aller Art, Bohrgeräte, Gestänge, Bohrköpfe, Röhren, Behälter, Tanks, Pumpen, Ventile, Flansche, Hochdruckeinrichtungen, Tanker, Hafenanlagen, Raffinerien mit einer Vielfalt technischer Anwendungen, Grosstanklager, Tankwagen, Kanister, Motoren, Ölzusätze, Schmiermittel, feuerfeste Werkstoffe aller Art, Auspuffanlagen, Katalysatoren, Werkzeuge, Werkstätten, Reparaturanlagen, Werften, Kräne, Sonderfahrzeuge usw. - nichts läuft ohne Molybdän. Und die hier absorbierten Mengen sind hoch - bei steigender Tendenz. In der Vergangenheit liefen die Preisentwicklungen von Rohöl und Moly nahezu parallel. Höhere Ölpreise würden also nahezu automatisch preistreibend für Molybdän wirken. Ohne dieses strategische Metall kann "Big Oil" schlicht nicht existieren. Den gleichen Zwängen unterliegt sinngemäss auch die Schwesterbranche: Erdgas.

Das Scheichtum Dubai plant den Bau einer Seewasser-Entsalzungsanlage von gewaltigen Ausmassen. Diese soll weit über 100 Jahre halten. Man denkt hierbei an die Nach-Öl-Zeit mit ihren fallenden Einnahmen, die bereits langsam aber sicher heraufzieht. Dauerhafte Grossprojekte sollen diesen Effekt der heraufziehenden Verarmung mildern. Diese Anlage soll voll mit Molybdän ausgekleidet werden (um die Lebensdauer auf Generationen hinaus zu verlängern), was mit den zu erneuernden Pipelines im Lande und in den Nachbarstaaten, eine gesamte Welt-Jahresproduktion absorbieren könnte. Die finanziellen Mittel, die notwendig wären, ein derartiges Megaprojekt durchzuziehen, könnte der Ölstaat im Prinzip aufbringen.

Im Einsatz unentbehrlich

Wolframverknappungen, wie sie in den Weltkriegen auftraten, führt stets zu vermehrtem Einsatz von Molybdän in der Produktion hochfester Werkstoffe. Als Legierungselement zur Steigerung von Festigkeit, Korrosions-, Alterungs-, Hitze- und Kältebeständigkeit trat es im Laufe der Jahrzehnte seinen metallurgischen Siegeszug an und wurde immer unentbehrlicher. Molybdänhaltige Hochleistungswerkstoffe wie beispielsweise Nicrofer, Hastelloy X, Inconel 718, Waspalloy, Haynes 282, Udimet 720, Rene 41, M963 oder Incoloy ermöglichen überhaupt erst eine Vielzahl technischer Verfahren und Prozesse und machen diese wirtschaftlich.

Als ideales Schmiermittel kommt Molybdändisulfid auch bei erhöhten Temperaturen zum Einsatz. Es schmiert sowohl als Feststoff (besser noch als Graphit) als auch in Lösungen suspendiert (Motoren- und andere Öle). Die Schmierstoff und Ölbranche kann ohne Moly nicht mehr auskommen.

Auch in elektronischen Bauteilen ist Molybdän zu finden. Hier dient das Metall den TFTs (Dünnschichttransistoren) als die leitende Metallschicht. Um Gasdichte für Stromdurchführungen zu erzielen, werden Molybdänfolien in der Quarzglasproduktion, für Halogenglühlampen und für Hochdruck-Gasentladungslampen benötigt. Molybdate werden zur Imprägnierung von Stoffen gebraucht, um Entflammbarkeit und Rauchentwicklungen (siehe oben) im Brandfalle drastisch zu senken. In der Röntgendiagnostik findet Moly als Targetmaterial in der Anode Verwendung (Röntgenröhren mit Molybdänanoden). Dies senkt die Energie der Strahlung und damit die Gefahr von Verbrennungen oder Bestrahlungsschäden sowohl für Patienten als auch für das die Apparate bedienende Personal in markanter Weise.

Die Nuklearmediziner setzen Spalt-Molybdän in Radionuklidgeneratoren (RNG) ein. Wegen der günstigen Zerfallzeiten können wichtige Technetium-Isotope direkt vor Ort für Untersuchungszwecke gewonnen werden.

Eine weitere erfreuliche Eigenschaft: Von allen Schwermetallen wirkt es offenbar am wenigsten toxisch auf menschliche Organismen.

Wie schon angedeutet ist Molybdän für pflanzliches Leben absolut essentiell und stellt einen unentbehrlichen Mikronährstoff dar, der entscheidenden Einfluss auf die Assimilationsfähigkeit hat. Beispielsweise würden die in der Landwirtschaft so wichtigen Legumen aller Art - ohne das Spurenelement - für die menschliche Ernährung sowie als Tierfutter ausfallen. Die Bildung von Stickstoffsammlern wäre unmöglich.

Molybdänmangel macht Böden unfruchtbar. Knöllchenbakterien beispielsweise und andere Pflanzensymbionten sterben ab. Sie können keinen Luftstickstoff mehr binden, keine Enzyme produzieren und keine schädlichen Nitrate mehr reduzieren oder neutralisieren. Dadurch fällt die natürliche Entgiftung der Böden weg. Das Gleiche gilt für Tiere und Menschen, die auf Harnsäurebildung und nachfolgender Entgiftung über die Nieren angewiesen sind. Ohne Moly geraten alle diese lebensnotwendigen De-Toxifizierungs-Prozesse ins Stocken. Menschliche Ernährung ohne Molybdän führt folglich zu schweren Störungen. 50-100 µg Molybdän pro Tag werden unbedingt benötigt. Manche Tierarten wachsen dank Molybdängaben im Futter sogar schneller. Moly-Dünger (siehe Tabelle) wird eingesetzt, wenn gilbende Blätter und andere Störungen im Pflanzenwuchs auf akuten Molybdänmangel hinweisen.

Die sektoralen Verbräuche von Molybdän (sie sind alle "kritisch" für Wirtschaft) teilen sich grob gesprochen auf wie folgt:
Edelstähle (rostfrei): 27 %
Voll legierte Stähle: 13 %
Werkzeug- und Hochgeschwindigkeits-Stähle: 10 %
HSLA Stähle: 9 %
Kohlenstoff Stähle: 9 %
Katalysatoren: 8 %
Molybdän Legierungen: 7 %
Hochleistungs-Legierungen: 6 %
Gusseisen: 3 %
Schmierstoffe und Pigmente: 5 %
Andere Anwendungen: 3 %

Pipelines wurden nicht als Extra-Kategorie aufgeführt. Der entsprechende Bedarf steckt in den Zahlen für die Stähle.

Wäre eine Wirtschaft ohne Molybdän denkbar? Ja, im Sinne der mittelalterlichen Agrarwirtschaft. Die Schaufeln und Hacken der Pächter und Halbsklaven-Heere (auf deren Niveau dann 95% der Bevölkerung absinken müsste), würden sich allerdings rasch abnutzen. Wäre der Wohlfahrtsstaat, ja wären Kriege ohne das Metall denkbar? Nein, unmöglich. Selbst die Gelddruckmaschinen benötigen Moly.

Breitgefächerte Anwendungspalette

Die Anwendungsbereiche für Molybdän sind also offenbar sehr vielfältig und Ersatz- bzw. Substitutionsstoffe sind nur in seltensten Fällen überhaupt zu finden, oder wenn, dann wären sie in der Anwendung einfach zu teuer. Gold und Silber könnten als Legierungsmetalle mit technisch erstaunlichen Wirkungen durchaus zum Einsatz kommen, doch verbieten die entsprechenden Preisstrukturen derartigen technologischen Einsatz. Was einem Ersatzstoff (mit weniger günstigen Eigenschaften) eventuelle noch am nächsten käme, ist teures und knappes Wolfram. Wie man es auch drehen und wenden mag, die moderne Wirtschaft ist in jedem Fall dringend auf Molybdän und seine regelmässigen Lieferungen angewiesen.

Einige Anwendungsbereiche wurden bereits erwähnt. Doch ist die Anwendungspalette sehr viel weiter gespannt bzw. gefächert. Sie erstreckt sich u.a. über die Bereiche/Gebiete/Branchen:
http://www.goldseiten.de/content/kolumnen/artikel.php?storyi…

[Asynchronmaschine]

was für ein chart
und kaum jemand nimmt davon kenntnis

[Zockempire]

Hi Asychron,

sieht aus, als wenn wir beide den Thread alleine schmeissen. Ich stoss auf jeden Fall mal virtuell mit dir an. ML hat noch eine Menge % zu steigen.

[Asynchronmaschine]

Mercator Reports Record Copper Production for the Second Quarter
TRADING SYMBOL: TSX - ML
KINGMAN, AZ, July 17 /CNW/ - Mercator Minerals Ltd is pleased to announce that it attained record production of Cathode copper at the Mineral Park Mine during the second quarter of 2007. Cathode production for the three months ended June 30, 2007 was 3,086,340 pounds for a total of 5,724,550 pounds produced to June 30, 2007. PLS grades continue to improve going into the third quarter, with the Company on track to have another outstanding quarter in the
third quarter of 2007. Michael L. Surratt, the Company's President and CEO stated: "Cathode production at Mineral Park is increasing. Mining tonnage production is above plan, and July has started where June left off and we expect to have an outstanding third quarter."
The Company also reports that during the quarter, the second O&K shovel and four additional haul trucks were purchased by the Company and put into service, thereby leading to the increased pit production. 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. Significant progress was made since the last update on the construction
of the 50,000 ton per day concentrator. The sag mill and trunion bases for both of the sag mills have been poured. The rebar installation for the ball mill is underway. The Company has also purchased the two primary 230 KVA transformers required for the power upgrade at Mineral Park. Construction and procurement of all equipment and infrastructure items is progressing well.
Mercator Minerals is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. Mercator is progressing with onstruction of the Mineral Park copper-moly concentrator which at full operation will produce an average of 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. The first phase of the mill production at 25,000 tons per day is scheduled for the second quarter of 2008.

[Asynchronmaschine]

auf die zahlen und die ML zukunft

[Asynchronmaschine]

ML hp wird komplett überarbeitet
dann auch mit bildergalerie

[Asynchronmaschine]

höchster schlusskurs
den es bei ML je gab

[Asynchronmaschine]

aktualisierte daten zu den molyexplorern

start august 2007
ROCA MINES angestrebte fördermenge 3-5 mill lbs moly pro jahr

2Q 2008
MERCATOR MINERALS 15-16 mill lbs molyäquivalent (moly, kupfer, silber)

Q4 2008
ADANAC 9- 13 mill lbs moly

Q1-Q2 2009
MOLY MINES 20-25 mill. lbs

Q3 2010
IDAHO 37 mill lbs

OTL ????
NCV ????


2013 KOBEX

[Asynchronmaschine]

[Asynchronmaschine]

letzetns noch bei ML wegen Fotos angefragt
und neuer hp
und sie da
hp wird es bald ne neue geben

und fotos sind online

[Asynchronmaschine]

Börse Kanada ist am Montag geschlossen!

[gausster]

Wahnsinn, was ist das ein Massaker.
Gibt es irgendwelche negativen News, oder ist das nur das Marktumfeld und der etwas gefallene Kupferpreis???

[fisch29]

ist mercator pleite?

ca. -50% in zwei wochen???

[danatbank]

Schüttel, schüttel, schüttel, wer fällt vom Baum heute?

[Asynchronmaschine]

schon irre
kursrücksetzer habe ich auch erwartet
aber dieser us kredit dreck
hat uns zusätzlich eins auf die birne gegeben
kgv jetzt weit unter < 2
da hilft allerdings auch nichts
wenn keiner ml möchte
kupfer und moly preisen weiter sehr hoch
noch 8 monate und die produktion läuft mit 25.000 t pro tag an

[Asynchronmaschine]

morgen möglicherweise die konkreten Q2 zahlen
letztes jahr kamen sie am 14. august

vorankündigung zu Q2 kam ja schon hier nochmal die meldung
Kingman, Arizona: July 17, 2007 – Mercator Minerals Ltd is pleased to announce that it attained record
production of Cathode copper at the Mineral Park Mine during the second quarter of 2007. Cathode production
for the three months ended June 30, 2007 was 3,086,340 pounds for a total of 5,724,550 pounds produced to
June 30, 2007.PLS grades continue to improve going into the third quarter, with the Company on track to have
another outstanding quarter in the third quarter of 2007.
Michael L. Surratt, the Company's President and CEO stated: “Cathode production at Mineral Park is
increasing. Mining tonnage production is above plan, and July has started where June left off and we expect to
have an outstanding third quarter.”
The Company also reports that during the quarter, the second O&K shovel and four additional haul trucks were
purchased by the Company and put into service, thereby leading to the increased pit production. 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.
Significant progress was made since the last update on the construction of the 50,000 ton per day concentrator.
The sag mill and trunion bases for both of the sag mills have been poured. The rebar installation for the ball
mill is underway. The Company has also purchased the two primary 230 KVA transformers required for the
power upgrade at Mineral Park. Construction and procurement of all equipment and infrastructure items is
progressing well.
Mercator Minerals Ltd.
Mercator Minerals is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a
corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum
deposit. Mercator, is progressing with construction of the Mineral Park copper-moly concentrator which at full
operation will produce an average of 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. The first phase of the mill production at
25,000 tons per day is scheduled for the second quarter of 2008.

Q1 Zahlen 2006 15. Mai. 06
Q2 Zahlen 2006 14. Aug. 06
Q3 Zahlen 2006 11. Nov. 06
2006-er Zahlen 2. Apr. 07

[Asynchronmaschine]

Mercator Reports Record Second Quarter Results
TRADING SYMBOL: TSX - ML
KINGMAN, AZ, Aug. 15 /CNW/ - Mercator Minerals Ltd. today announced
income from operations for the quarter was $7,242,192 compared with $5,732,368
for the corresponding period in 2006; record revenues for the three month
period ended June 30, 2007 of $10,467,764 compared to $8,097,679 for the
corresponding period in 2006; a 30% increase and record copper production of
3,086,340 pounds for the three month period ended June 30, 2007, compared to
2,180,588 pounds for the corresponding three months in 2006. Earnings before
interest, taxes, depreciation and amortization ("EBITDA") for the quarter were
$5.6 million compared to $3.58 million for the second quarter of 2006.
During the current quarter, Mercator made the initial interest payment on
the Notes that were issued as part of the major financing for the expansion of
production at Mineral Park in February.
After payment of the initial interest payment of $5.1 million on the
Notes during the period and accruing $1.9 million in non-cash items, the
Company recorded a net income before taxes of $512,874 during the period.
"We are continuing with our aggressive growth strategy, with growing
SX/EW copper production at Mineral Park while progressing with construction of
the copper-molybdenum milling operation," said Michael L. Surratt, President
and CEO. "We had record production during the quarter, recorded record
revenues on the copper produced. We continue to see the benefits of our prior
expansion plans at Mineral Park, and we are progressing rapidly with
construction on the expansion program, which will come into production in the
second quarter of 2008, and which will ultimately see Mineral Park producing
an average of 56 million pounds of copper, 10 million pounds of molybdenum and
600,000 ounces of silver per year over the first 10 years of the projected
25 year mine life."

<<
Financial Highlights for the Three Months ended June 30, 2007

- Income from Operations for the quarter was $7,242,192 compared with
$5,732,368 for the corresponding period in 2006;

- Gross revenues from copper sales and sale of landscaping materials
for the three month period ended June 30, 2007 of $10,467,764
compared to $8,097,679 for the corresponding period in 2006, a 30%
increase;

- Copper production of 3,086,340 pounds for the three month period
ended June 30, 2007, compared to 2,180,588 pounds for the
corresponding three months in 2006;

- Earnings before interest, taxes, depreciation and amortization
("EBITDA") for the period was $5.6 million compared to $3.58 million
for the second quarter of 2006;

- Average realized price for copper sales during the period was
$3.37 per pound compared to $3.57 per pound for the corresponding
period in 2006.
>>
Mercator Minerals is a copper producer that owns and operates the Mineral
Park copper mine in Arizona, with a corporate strategy focused on maximizing
the production potential of the Mineral Park copper-molybdenum deposit. The
Company has filed a technical report for an expansion of 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

[sojasport]

Antwort auf Beitrag Nr.: 31.169.150 von Asynchronmaschine am 15.08.07 14:21:04

tja, nur leider alles fürn a.... im moment

[Asynchronmaschine]

erstaunlicherweise verlieren moly, kupfer und uranwerte besonders stark
gut, sie sind zuvor teilweise auch enorm gestiegen
aber es gibt wohl weltweit keinen sektor
der im rahmen der us kredit vorgänge so verloren hat
da wollen oder müssen wohl fonkkkkks raus
anders kann ich mir das nicht erklären

voriges jahr hatte sich ja der amarath oder so
hätsch fonkkk im gasbereich oder so verhoben
haben ja mrd in den sand gesetzt
u.a. mussten sie auch ihren kompletten frontera copper -fcc-anteil raushauen
immerhin 7 mill aktien
auch damals haben wir uns verwundert die augen gerieben
wer da immer wieder auf den fcc kurs einschlägt


wer verkauft denn bei solchen aussichten wie ML sie hat
da könnten 2009 3 usd pro share gewinn anfallen und man verkauft

[Asynchronmaschine]

Der Ausverkauf bei vielen Junior Mining und Explorationsaktien in der vergangenen Woche hat auch hausgemachte Probleme in Kanada als Grundlage. Dort war bekannt geworden, dass die Coventree Capital Group (CAD-Kürzel COF) die Gelder von zahlreichen Explorationsgesellschaften und Junior Miners in ABS-Papiere angelegt hatte. So wurde unter anderem bekannt, dass Redcorp Ventures (CAD-Kürzel RDV) einen Großteil seiner 102 Mio. CAD Cash in solche Papiere bei Coventree angelegt hatte. Da sich für diese Papiere derzeit keine Käufer am Markt finden, brach am gesamten Markt die Panik aus. Während die Coventree-Aktie von 15 CAD Ende Juli auf nunmehr 3,62 CAD (Tief bei 2,25 CAD letzte Woche) kollabierte, fiel die Redcorp-Aktie letzte Woche von 0,40 CAD auf 0,135 CAD im Tief und ging am Freitag mit 0,275 CAD aus dem Handel. Eine weitere betroffene Gesellschaft war New Gold (CAD-Kürzel NGD), welche letzte Woche von 7,20 auf 4,01 CAD eingebrochen war, nachdem bekannt wurde, dass Coventree 152 Mio. CAD der Gesellschaft, welche sicher und konservativ angelegt werden sollten und zum Bau einer neuen Goldmine dienen, in eben solche Geldmarkt-Konstruktionen steckte. Ein kanadischer Investmentbanker sagte uns am Wochenende, dass die Liquiditätslage zum Teil so extrem war, dass einige Gesellschaften Ihre Löhne und Gehälter nicht zahlen konnten und sogar Bohrfirmen nicht bezahlt werden konnten. Und dass obwohl alle Gesellschaften über genug Cash in der Kasse besitzen! Neben diesen Geldmarktproblemen kamen zahlreiche Margin Calls von Investoren, die im Junior Mining Markt auf Kredit spekuliert hatten und die bei unterschreiten gewisser Kurse von den Banken und Brokern gezwungen wurden, íhre Aktien mit aller Gewalt (zu jedem Preis) zu verkaufen. So hat sich die Abwärtsspirale noch einmal beschleunigt. Fundamentale Aspekte wurden in so einem Markt nicht mehr berücksichtigt. Zudem haben wir das Wochenende genutzt und mit einigen kanadischen Investoren gesprochen. Dort wurden uns nicht nur diese Geschehnisse bestätigt, sondern man wagte auch Prognosen für die nächsten Wochen. Die meisten glauben, dass die Junior Mining-Aktien Ihre Korrektur zum Großteil hinter sich haben. „Wenn einzelne Investoren noch Margin Calls bekommen, wird es bei den dann zu verkaufenden Aktien noch Turbulenzen geben. Aber die breite Korrektur des Marktes an der TSX und TSX-Venture ist überstanden“, so ein Händler aus Toronto. Fazit: Wer in den letzten Wochen genug Cash aufgebaut hat, für den bieten sich nun erste Käufe in vielen "zerbombten" Titeln aus dem Junior Mining-Bereich an!

tja, wenn wundert es da noch
dass es ML zu KGV 1,xx gab

[Vinyard]

Wenn würde freuen wenn du Asynchron mal deine Berechnung bzgl. KGV für die Jahre 2008 und 2009 aufgrund der derzeitigen Prognosen als Diskussionsgrundlage hier einstellen könntest.

Vielleicht können wir so eine lebhaftere und publikumsfreundlichere Diskussion erreichen.

[Asynchronmaschine]

das kann zockempire nächste woche machen
er ist der mann
der das tool dafür hat
momentan ist er im urlaub
momentan dürfte wir bei ca. 2,7 für 2009 und 2 für 2010 liegen
die einzigen grossen unbekannten in diesen zahlen sind kupfer und der moly preis
sonst ist in der berechnung so ziemlich alles drin
was so eingeht
die müssen halt fest angesetzt werden
kann man ja mal mit unterschiedlichen preisen durchklimpern
das macht zockempire bestimmt

[Vinyard]

Hab mir aufgrund der bisherigen Postings schon gedacht, dass ihr sowas schon mal durchgerechnet habt.

Freue mich schon drauf;
Mercator lebt von der Zukunft, denn für 2008 und gerade für 2007 siehts ja noch etwas bescheidener mit den Gewinnen aus!

[sojasport]

und wir freuen uns über +12% in CAN heute!

[Asynchronmaschine]

und sie starten in 7 monaten mit der moly uns silber produktion
ausser roca
die nächste woche starten
ist neimand soweit
wann wollen die anderen beginnen
und mit 15-16 mill lbs pro jahr moly äquivalernt- kupfer, moly, silber
über die ersten 10 jahre ist man richtig gross dabei

adanac fällt nach paar jahren auf 9 mill herunter

wir haben hier eine perle mit einem kgv von ca. 2

[Asynchronmaschine]

[Asynchronmaschine]

Boerse Kanada am Montag zu!!!!

[Asynchronmaschine]

unsere perle wird hier
http://www.mphventurescorp.com/i/pdf/orion_moly.pdf
auch erwaehnt
allerdings scheint es sonst niemanden ~zu interessieren
KGV ca. 2
ZIEL 30-40

[Vinyard]

Wo bleibt eigentlich die versprochene Berechung......

[xacus]

leute, da hat grad wer ziemlich viele aktien gekauft... über 1 mio stück!

[Asynchronmaschine]

Molywerte im Überblick

http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

[Asynchronmaschine]

NEWS

Mercator Signs Framework Agreement for Moly Concentrate Sales
TRADING SYMBOL: TSX – ML
Kingman, Arizona: September 11, 2007 – Mercator Minerals Ltd. today announced that its' wholly
owned subsidiary Mineral Park Inc. has entered into a long term framework agreement with UK based
Derek Raphael & Co. Ltd. (“DRC”) for the molybdenum concentrates produced at the Mineral Park
Mine located in Kingman Arizona.
The Framework agreement entered into with DRC is a ten year agreement, under which DRC will
purchase all of the molybdenum concentrate production of the Mineral Park Mine, which is currently
foreseen to average 10.3 million pounds of molybdenum annually over the first 10 years of the current
25 year mine life. Payment for the molybdenum concentrates will be made FOB the mine-site. The
first production of molybdenum concentrates are expected during the second quarter of 2008. “We are
very pleased to complete this contract with DRC said Mike Surratt, President and CEO of Mercator.
“DRC is a very reputable and well known international Molybdenum dealer who has roasting capacity
all over the world.” Molybdenum is currently selling for approximately US$32 per pound. Mercator
used a short and a long term price of US$10.16 per lb for Mineral Park’s economic evaluation and
US$7.50 per lb. to calculate ore reserves.
Additionally, the Company reports that none of its cash or short term investments is exposed to any
investment in asset backed commercial paper in Canada or the United States. “All of our cash is
invested in term deposits, T-bills, Banker’s acceptances and US government sponsored securities and
none of the cash is exposed to investments that would have an impact on our liquidity, said Mike
Surratt, the Company’s President and CEO.
Construction Update

Significant progress was made since the last update on the construction of the 50,000 ton per day
concentrator. The two 230 KVA transformers have been received on site and their bases have been
poured. The reclaim tunnels are excavated and rebar and forming are underway. The first SAG mill
foundation has been poured and the first motor base on the number one sag has been poured. Sub
excavation for the flotation circuit is complete and the copper cleaner flotation cells are ready for
shipment to the mine-site. The concentrate regrind tower mill has also been received on site. The
Project remains on schedule for Phase 1 start up the second quarter of 2008.
The mill will operate at 25,000 tons per day during Phase 1 which is scheduled for completion in the
second quarter of 2008 and will expand to 50,000 tons per day in Phase 2, which is scheduled for
completion in the first quarter of 2009. At 50,000 tons per day Mineral Park will produce 56.4 million
pounds of copper 10.3 million pounds of
molybdenum and 0.6 million ounces of silver per year over the first
10 years of operation.
About DRC
DRC is the largest trader of Molybdenum concentrates and further downstream products worldwide.
DRC supplies the steel, engineering, non-ferrous metal and chemical industries. Their core business
consists of processing Molybdenum concentrates into Molybdic oxide or Ferro Molybdenum (products
purchased by Stainless steel mill for the production of non-corrosive steel).
DRC sells approximately 20 million lbs Mo annually to their customers. They purchase Molybdenum
concentrates from a variety of mines worldwide including Rio Tinto, Teck Cominco, Codelco, SPCC,
Phelps Dodge and Antofagasta and they sell to the largest Steel Producers in the world such as
Outokumpu, Mittal, Techint Group, Krupp, Tyssen, Mannesmann and Arcelor.
Mercator Minerals Ltd.
Mercator Minerals is a copper producer that owns and operates the Mineral Park copper mine in
Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park
copper-molybdenum deposit. The Company has filed a technical report for an expansion of copper
production plus molybdenum and silver production.

[Asynchronmaschine]

wir liegen auf 6 monatssicht in führung

[Asynchronmaschine]

Zockempire hat mal sein tool arbeiten lassen und
herausgekommen sind die KGV für ROCA und MERCATOR MINERALS
http://spreadsheets.google.com/ccc?key=pSvrnHoPCA_n1LxRkQQup…

[Warren7]

Antwort auf Beitrag Nr.: 31.558.310 von Asynchronmaschine am 13.09.07 12:00:43

Danke für den Link
aber sorry wie kann ich die Info abrufen - unter meinem Account nicht möglich

[Asynchronmaschine]

Dieses Dokument wird im Web veröffentlicht.
Ihr Dokument kann gelesen werden unter:
http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

das klappt
lesen kann jeder
der den link kennt
bearbeiten natürlich nur der verfasser und freigeschaltete andere personen

[Warren7]

Danke
mit dem neuen Link geht´s ohne Probleme

[Asynchronmaschine]

zurück über der 7

[Asynchronmaschine]

TORONTO, Sept. 14 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes as a result of the Quarterly S&P/TSX Composite Index Review. These changes will be effective at the open on Monday, September 24, 2007:
S&P/TSX SmallCap Index Annual Review
-------------------------------------------------------------------------
ADDITIONS
-------------------------------------------------------------------------
Issue Name Symbol
-------------------------------------------------------------------------
AECON GROUP INC. ARE
-------------------------------------------------------------------------
ARTIS REIT AX.UN
-------------------------------------------------------------------------
ATRIUM INNOVATIONS INC. ATB
-------------------------------------------------------------------------
AURORA ENERGY RESOURCES INC AXU
-------------------------------------------------------------------------
AXIA NETMEDIA CORPORATION AXX
-------------------------------------------------------------------------
CANFOR PULP INCOME FUND CFX.UN
-------------------------------------------------------------------------
CELESTICA INC. CLS
-------------------------------------------------------------------------
CHARIOT RESOURCES LIMITED CHD
-------------------------------------------------------------------------
COALCORP MINING INC CCJ
-------------------------------------------------------------------------
CORRIDOR RESOURCES INC. CDH
-------------------------------------------------------------------------
DUNDEE CORPORATION DC.A
-------------------------------------------------------------------------
DUNDEEWEALTH INC. DW
-------------------------------------------------------------------------
FIRST NICKEL INC FNI
-------------------------------------------------------------------------
GAMMON GOLD INC. GAM
-------------------------------------------------------------------------
GLUSKIN SHEFF + ASSOCIATES INC. GS
-------------------------------------------------------------------------
GREAT BASIN GOLD LTD. GBG
-------------------------------------------------------------------------
INTERNATIONAL ROYALTY CORPORATION IRC
-------------------------------------------------------------------------
INTEROIL CORPORATION IOL
-------------------------------------------------------------------------
JAGUAR MINING INC JAG
-------------------------------------------------------------------------
JUMPTV INC JTV
-------------------------------------------------------------------------
KABOOSE INC. KAB
-------------------------------------------------------------------------
KILLAM PROPERTIES INC KMP
-------------------------------------------------------------------------
KIRKLAND LAKE GOLD INC KGI
-------------------------------------------------------------------------
LARAMIDE RESOURCES LTD. LAM
-------------------------------------------------------------------------
LIQUOR STORES INCOME FUND LIQ.UN
-------------------------------------------------------------------------
MACQUARIE POWER & INFRASTRUCTURE INCOME FUND MPT.UN
-------------------------------------------------------------------------
MELCOR DEVELOPMENTS LTD. MRD
-------------------------------------------------------------------------
MERCATOR MINERALS LTD. ML
-------------------------------------------------------------------------
NEWPORT PARTNERS INCOME FUND NPF.UN
-------------------------------------------------------------------------
NORTHERN PERU COPPER CORP NOC
-------------------------------------------------------------------------
Q9 NETWORKS INC. Q
-------------------------------------------------------------------------
SKYE RESOURCES INC. SKR
-------------------------------------------------------------------------
TASEKO MINES LIMITED TKO
-------------------------------------------------------------------------
TERANET INCOME FUND TF.UN
-------------------------------------------------------------------------
TRANSITION THERAPEUTICS INC TTH
-------------------------------------------------------------------------
VERENEX ENERGY INC VNX
-------------------------------------------------------------------------
ZCL COMPOSITES INC. ZCL

[Asynchronmaschine]

[Asynchronmaschine]

[Asynchronmaschine]

ich war mal fleissig

[Asynchronmaschine]

8,15
bis zur 30 ist es noch ein weiter weg
das KGV ist

[mfierke]

kann denn keiner mal den Thread der Aktie zuordnen????

[Asynchronmaschine]

bald neues ATH
gerade 8,45

[bmann025]

Antwort auf Beitrag Nr.: 31.728.065 von Asynchronmaschine am 24.09.07 19:47:40

[mfierke]

danke Mod für die Zuordnung

[Asynchronmaschine]

letzte woche stelle sich im rahmen der adanac meldung schon heraus
das ML um meilen vorne liegt

heute nun
im rahmen der mol aussagen zu ihrer mine und den 850 mill usd benötigter mittel
und da kommt bestimmt noch was dazu

bestätigt sich das bild immer klarer

ML ist eine Perle vor Herrn

mit einer förderung von 15,5 mill lbs pro jahr molyäquivalent
wird man Adanc weit hinter sich lassen
man wird zwar weniger als tcm und mol fördern
aber soviel weniger iss es nun auch nicht
aber die verschuldung ist imgegensatz zu mol vergleichsweise gering

und
man wird nächjstes jahr schon fördern
ML wird täglich wertvoller

UND NIEMAND BEMERKT ES

[Asynchronmaschine]

ich habe mal eine chart- und fundamentalanalyse durchgeführt
hier das ergebnis

[Redmarat]

Antwort auf Beitrag Nr.: 31.748.152 von Asynchronmaschine am 26.09.07 13:23:23

Hallo A-Maschine,
in welchem Zeitraum?

Bei einem Zeitraum von 6 Monaten ist das eine – gelinde gesagt - sehr optimistische Kursprognose, oder etwas krasser gesagt, solche ambitionierten Kursziele haben mit Seriosität nichts zu tun! Nebenbei bemerkt, ich bin selber Mercator-Aktionär. Daß dieser Wert bei WO wesentlich weniger Resonanz erfährt, wie die Bruch – und Abzockerbuden Adanac, OTL oder NCV, um nur einige dieser hochgejubelten Gurken zu nennen, ist auch nicht weiter tragisch. Jedenfalls ist dieser Wert fast zockerfrei, was man von einer TCM nicht behaupten kann. Von nur 1. Produkt (Moly) abhängig (TCM oder Roca) zu sein, ist auch gefährlich. Da brauchen die Chinesen (die haben in der Mongolei jede Menge Moly gefunden) nur mal mehr Moly auf den Markt zu werfen, dann geht der Molypreis unweigerlich in den Keller, denn ich glaube nicht daran, daß der Molypreis nur eine Richtung kennt, nämlich die nach Norden. Bei einer Abschwächung der Weltkonjunktur werden sich nicht alle Rohstoffpreise auf den relativ hohen Level halten können. Der Kupferpreis ist quasi ein Seismograph der Weltwirtschaft. Ich gehe von einer leichten Abschwächung (Kredit- und Verschuldungsproblematik in den USA) der Weltwirtschaft aus. Voraussetzung dabei ist aber, daß der US-Dollar nicht gänzlich abschmiert und die Inflation im Yankee- und Kriegerland (Irakkrieg) halbwegs unter Kontrolle bleibt. In den nächsten Jahren werden neue Kapazitäten in vielen Rohstoffbereiche – auch im Kupferbereich – geschaffen. Oftmals fällt bei der Kupferproduktion als Nebenprodukt Moly an. Diese Tatsache wird von den Molyfanatikern geflissentlich nicht zur Kenntnis genommen. Ignoranz kann sich bitter auszahlen, denn ich habe schon viele angebliche Highflyer (Nokia, EMC, Corning, Sun Microsystems, Siebel Systems usw. wie einst Ikarus brutal abstürzen gesehen. Übrigens, ich bin auch in Equinox investiert!

Redmarat

[Asynchronmaschine]

2-3 jahre


die rohstoffpreise immer blick

[RudiXXX]

Oh Mann, seit monaten hab ich den falschen Treath angetackert und wudere mich, das niemand was zu mercator schreibt.


In Stockhouse hat einer eine EWmpfehlung von Orion Investments eingestellt mit Kursziel 11,50 CAD.

Ich weiß nicht wie aktuell das ist.

[Asynchronmaschine]

wieder einer mehr im thread
sehr gut

bis wir auf tägliche klickraten von 5-10.000
wie bei aua, otl, mol kommen
vergehen wohl noch jahre

warum fahren die alle auf diese buden ab
ML hat von allen die besten kennzahlen
schlagen soagr rok noch um einiges

[Asynchronmaschine]

11,50
das wäre gerade mal das ziel für 50 mill lbs förderung kupfer

10 mill lbs moly pro jahr gibts für 0 dazu


TORONTO (Dow Jones)--Orion Securities Inc. initiated coverage of Mercator Minerals Ltd. (ML.T) at overweight with a target of C$11.50, noting that Mercator "offers investors growth, value and exposure to molybdenum."
In a research report Tuesday, analyst George Albino said he views Mercator as "one of the best available ways for investors to gain exposure to molybdenum." Once Mercator's Mineral Park copper/moly mine in northwestern Arizona comes onstream in mid-2008, Albino said he expects to see earnings and cash flow increase "dramatically." The mill is expected to reach its full 50,000-tons-a-day capacity in mid-2009. At this point, molybdenum production is expected to average 10-10.5 million pounds a year, in addition to 55-60 million pounds of copper and minor silver, Albino said.

He also believes that single-mine companies, like Mercator, are "likely to participate in the continuing consolidation of the base metal sector." Given the higher multiples enjoyed by larger base metal companies, he said, Mercator represents a likely acquisition target.

He added that, at current metal prices, he expects annual EBITDA to average US$365 million for the first four years of production.

Mercator is a development-stage mining company based in Kingman, Ariz. Its shares are trading at C$8.32 in Toronto Tuesday.

Orion has an investment-banking relationship with Mercator, but Albino doesn't own shares of the company.

[Zockempire]

Hi ,

ich bin auch noch da. auch wenn ich nicht so der board-schreiber typ bin

Scheinbar sind wir wirklich nur zu zweit.

Grad war ich im EQN Thread. Nur 54 Postings und das bei der Performance. Eigentlich unglaublich...

Nicht auszudenken, wenn bei unseren Werten mal die Lemmingschwemme steigt...

[Trinity8]

Antwort auf Beitrag Nr.: 31.760.542 von Zockempire am 27.09.07 11:58:14

Hey Ihr zwei einsamen Cowboys

Ihr werdet schon beobachtet, big sister is watching you.
Die Mercator M. war mir unbekannt, habe heute in einem Thread
jedoch den Namen entdeckt und gleich mal eingegeben und bin auf Euch gestoßen. Nun Interesse an der M. habe ich schon, aber wie kommt man an die Aktien. Die werden doch in Deutschland nicht gehandelt. Könnt Ihr mir einen Tipp geben. Wäre nett, vielen Dank

Bye

Trinity

[Asynchronmaschine]

einfach in kanada kaufen

bei 8,49 liegen 200 stück
und bei 8,50 dann 9.800 rum
bei 8,65 8.300

[Trinity8]

Antwort auf Beitrag Nr.: 31.768.626 von Asynchronmaschine am 27.09.07 20:36:26

bist ja ein ganz lustiger
wie einfach kauft man in canada?
kannst mir das mal genauer erklären!!!Also step by step für Anfänger!!! D A N K E

Bye Trinity

[RudiXXX]

Antwort auf Beitrag Nr.: 31.769.904 von Trinity8 am 27.09.07 22:03:23

In Kanada kaufen:

Mit guten Englisch-Kenntnissen -> Interactive Broker
billiger gehts nicht für Europäer

Nordnet - soll auch recht preiswert sein

jeder andere OnlineBroker allerdings zu recht hohen Kosten
(COMDirekt, DAB, CortalConsors) allerdings nur ausgewählte Aktien.

Für Infos zu Interactive Broker hab ich eine Standard Info PM zu versenden, denn ich werd häufig danach gefragt.

[Asynchronmaschine]

otl thread heute 7.500 x angeklickt
die d r lemminge werden gegrillt

[Trinity8]

Antwort auf Beitrag Nr.: 31.770.427 von RudiXXX am 27.09.07 22:44:32

Vielen Dank RudiXXX
aber leider kenn ich mich computermäßig und online brokermäßig überhaupt nicht aus
Bei mir läuft es nur bankmäßig ab. Deshalb werde ich nun leider auf die Aktien verzichten müssen. Schade

LG Trinity

[danatbank]

???

ML ist seit einem halben Jahr unter der WKN 900243 in Frankfurt gelistet.

[RudiXXX]

Antwort auf Beitrag Nr.: 31.770.701 von Trinity8 am 27.09.07 23:24:18

Ein vernünftiger Entschluss.
Es bringt gar nichts marktenge Titel zu kaufen, die man nur mit Abschlag wieder los wird.

[Trinity8]

Antwort auf Beitrag Nr.: 31.770.831 von danatbank am 27.09.07 23:52:43

Hi danatbank

Vielen Dank für Deinen Hinweis



ciao Trinity

[Asynchronmaschine]

bid ask kurse in ffm und berlin
mit jeweils 2.000 stück gefüllt
aktuell in b und ffm 5,94 zu 5,99 euro

schon ein ganz fetter umsatz heute
170 stück zu 5,98
die fonkkkks kommen




erst bei 30

[Asynchronmaschine]

sieger
wenn man die letzten 6 monate betrachtet

[Asynchronmaschine]

sehe hier 20 molywerte in kanada
wer führt den heutigen tag als gewinner an?
ML

welches board wird nicht gelesen?
ML

[Zockempire]

Antwort auf Beitrag Nr.: 31.818.734 von Asynchronmaschine am 02.10.07 16:04:01

Es will halt keiner gern reich werden, auch wenn es eine gute Möglichkeit gibt. Was will man machen?

[xacus]

@ Asynchron
du hast mail!

[RudiXXX]

Antwort auf Beitrag Nr.: 31.818.734 von Asynchronmaschine am 02.10.07 16:04:01

ML ist in Deutschland viel zu dünn getraded.
Viele gute Werte in DL zu kaufen ist nicht akzeptabel. Es sei denn, man ist davon überzeugt nie in Zeitnot zu geraten, wenn man sie wieder los werden will.

Nichts desto trotz sind das diese Junioren, die die größten Wertsteigerungen im Verhältnis zum Risiko bringen. Soll ich mal aufzählen?
Mercator, Quadra, Roca, Taseko, Hudbay, Breakwater, FNX, Silvercorp, Oilexco, Aluminum Corp. of China (Umsatz: NY 1,6Mio, FF: <500)

In Deutschland tummeln sich fast auschließlich
risikoreiche Venture-Werte.
Wie tötlich das ist, sich ausschließlich auf diese zu fokusieren, sieht man an der Entwicklung von Adanac.

Aber selbst bei der Investition in Standards BHP, RIO , Gold Corp usw. zahlt man in DL eine Prämie gegenüber dem Direktkauf.

Ich habe Mercator als eine Basisposition im Depot. Je nach Kursverlauf wird aufgestockt oder abgebaut, aber halten werde ich einen Grundbestand bis 2008.

[Asynchronmaschine]

Mercator Records Record Third Quarter Copper Production

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.

Mercator Minerals Ltd.

Mercator Minerals is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. 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

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.

[Nonne1]

news auf deutsch wären mir lieber

[Asynchronmaschine]

das macht dann ab 2009 15,5 mill lbs molyäquivalent pro /jahr

zum vergleich
tcm 20-22 mill pro jahr

wir werden nciht so gross
wie tcm
aber wir sind kein kleiner mehr
und das wichtigste
alles läuft nach plan und alles ist finanziert

keine 600-900 mill usd mehr an kapitalaufnahme
was für eine perle

und selbst in kanada dünner handel

ziel

[gornikzabrze]

Antwort auf Beitrag Nr.: 31.842.050 von Asynchronmaschine am 04.10.07 14:31:04

Bist nicht so allein mit diesem Wert, wie Du vorhin in einem anderen Thread geschrieben hast. Ich schaue hier regelmäßig rein, man kann aber nicht an allen "Fronten" mitschreiben. Sicher ein sehr aussichtsreiches Investment. Rühr weiter die Werbetrommel!

[danatbank]

Antwort auf Beitrag Nr.: 31.842.218 von gornikzabrze am 04.10.07 14:43:11

Produktion MoEq wird voraussichtlich eher bei 17 Mio.lbs unter Zugrundelage der aktuellen Preise liegen. Da ML weniger Aktien und niedrigere Kosten hat, wird selbst unter Berücksichtigung von Davidson der Gewinn pro Aktie von ML und TCM in derselben Höhe ausfallen. Zudem hat ML ein mehr als doppelt so langes Minenleben.

[Asynchronmaschine]

und die vererzung soll sich bis in 5000 fuss tiefe fortsetzen
möglicherweise haben sie ja auch ein minenleben
von 50 jahren

[RudiXXX]

Antwort auf Beitrag Nr.: 31.842.835 von Asynchronmaschine am 04.10.07 15:30:15

Nun sie haben die Produktion nicht gesteigert, der preis ist auch nicht viel gestiegen. Frage bleibt wieviel Mining-Kosten hatten sie?
Ergebnis wie im vorigen Quartal. Wird etwas enttäuschend wirken. Hoffentlich kommt der Kurs noch mal in Bereiche von 7,x CAd zurück

[Asynchronmaschine]

das ist geschichte
einfach nur nach vorne schauen
ich kann es nciht oft genug wiederholen
16 mill lbs molyäquivalent pro jahr
einige scheinen das potential langsam zu realisieren
aber nur ganz wenige

[danatbank]

Antwort auf Beitrag Nr.: 31.842.835 von Asynchronmaschine am 04.10.07 15:30:15

Das Loch ist nicht 5000 Fuß, sondern nach 5000 Metern tief und ja, es ist hört in Molybdänmineralisierung auf.
Die 25 Jahre kratzen erst an der Oberfläche von Ithaca Peak.
Vergleiche Seite 35 (pdf 46) und 98ff (pdf 109ff)//www.mercatorminerals.com/files/20061229_report_w_app.pdf.

Dort kann man erkennen, daß die Moly-Mineralisierung unterhalb der Ressourcenhülle weitergeht (und die M+I+I-Ressourcen belaufen sich schon auf über 1,5 Mio.t Kupfer und 1 Mrd. Pfund Moly).

LOM waste mining cost is USD 0.8/t
Total operating cost 4.72/t
Per Augenschein schätze ich den Wert pro Tonne auf 20$.
Bei derzeitigen Preisen ist der Abbau also wirtschaftlich bis zu einer strip ratio von 20:1. Bei einer Breite der Mineralisierung von 1,5km und einem geplanten Hangwinkel von 45% würde man damit tatsächlich wirtschaftlich auf 5km Tiefe kommen. Die derzeitigen Ressourcen genügen für 70-100 Jahre. Bis dahin werden die sonstigen Weltmolybdänreserven weitgehend aufgebraucht sein. Schaut man sich die Umgegend von Mineral Park an, so gibt es in den nächsten 5 km auch nicht viel Bebauung, es kann also 200 Jahre lang abgebaut werden.

Hier läßt sich übrigens die Website von ML über die Jahre verfolgen:
http://web.archive.org/web/*/http://www.mercatorminerals.com

[danatbank]

Arrgh...ich sollte den text korrekturlesen, bevor ich poste.

Wie auch immer, Mineral Park hat nicht nur eine lange Zukunft vor sich, sondern auch eine lange Vergangenheit hinter sich, wie man hier sehen kann:
http://www.ghosttowns.com/states/az/mineralpark.html

[RudiXXX]

die historische Webseite ist ein Traum

17.Dez.2001 Kupfer bei 0,69USD/lb

1.Okt.2001 Mercator hat 11 Mio Aktien und notiert bei 0,52CAD

Monday, December 17 2001 1:27pm ET
U.S. $/¥en 127.5 YEN heute: 116.95 YEN
U.S. $/Can $ 1.565 CAD heute: 0,9807 CAD

Euro /Can $ 0.7064 CAD heute: 1.3866 CAD
Euro /U.S. $ 0.9043 USD heute: 1.4138 USD

Can $/Euro 1.416 EUR heute: 0.7212 EUR
U.S. $/Euro 1.106 EUR heute: 0,7073 EUR

Die Währungsturbulenzen sind nicht zu vernachlässigen. So hätte eine Investition in Kanadische Aktien 2001 bis heute fast 50% vom Wert eingebüßt

[bmann025]

Antwort auf Beitrag Nr.: 31.870.768 von RudiXXX am 06.10.07 19:01:16

das mit dem can$ stimmt nicht, der hat sich nur wenig verändert.

[Asynchronmaschine]

bin wellenreiten
wenn ML so läuft
wie heute die wellen
dann


zu den
5000m
keine ahnung
welche tiefen sie so in russland, chile oder anderswo erreicht haben
aber open pit hat noch niemand
nen tagebau
bis auf diese tiefe gebracht

800-1300m löcher gibt es aber wohl
meines wissens nach

wollen wir uns nicht darüber streiten
ist zumindest schön
das sich hier langsam immer mehr sachkundige leute einfinden

[RudiXXX]

Antwort auf Beitrag Nr.: 31.873.623 von Asynchronmaschine am 06.10.07 21:39:22

Wow, wenn man in Arizona nur tief genug buddelt, findet mann vielleicht sogar noch ÖL.


Aber es sieht pothäßlich aus:




The Udachnaya pipe - Lucky Pit
von 1955 bis heute 600 Meter tief getrieben


aber in Arizona ist man schon an Löcher im Boden gewöhnt:



Lavender Pit
Cochise County, Bisbee, Arizona.
It is located near the very rich copper deposit the Copper Queen Mine.
The pit covers an area of 300 acres (1.2 km²), and is 900 feet (274 m) deep.

[Asynchronmaschine]

es sind ja meistens gegenden
wo eh kein mensch hinkommen würde
von daher ist es ja egal
was sie dort treiben

equinox minerals
startet in 2q 08 in sambia mit gleich 3 neuen löchern
das tiefste wird auch über 300 m tief
ebenfalls ein topwert
mal die galerie, präsentation und 3d animation anschauen
da geht mächtig was ab im busch
thread gibts auch
aber auch dort trifft man kaum leute
ungepusht halt
kaum ne chance
das augenmerk drauf zu lenken
und das bei dem chart
wie immer
unfassbar

kupfer und uran

[bmann025]

über 1200m, wer bietet mehr ?

http://en.wikipedia.org/wiki/Bingham_Canyon_Mine

[toynet]

Antwort auf Beitrag Nr.: 31.892.181 von Asynchronmaschine am 07.10.07 19:12:20

Hallo ASM,

also ich bin froh daß eqn so ruhig läuft, da brauche ich nicht immer so viel zu lesen und sie entwickelt sich trotzdem. Geht mir mit agm im aussieland genauso. Auch eine Perle.

Nochmal zu dem Böschungswinkel, erst mal theoretisch, die 45° brauche ich je nach Boden, aber im Fels?

TN

[danatbank]

Antwort auf Beitrag Nr.: 31.893.679 von bmann025 am 07.10.07 20:51:53

Wie soll jemand mehr bieten, wenn Du gleich die tiefste Tagebaumine nennst?

Bingham Canyon geht übrigens 2017 unter Tage und wird voraussichtlich 7 Jahre später aufhören zu produzieren. Als volumenmäßig zweitgrößte Aushöhlung wird üblicherweise Chuquicamata in der Region II in Chile mit einer Tiefe von derzeit ca. 1km genannt. Hier geht man 2014 unter die Erde und produziert dann noch bis 2030 -wie im Fall von Bingham Canyon mit geringerer Tonnage- weiter.

Für 2003 notiert http://www.kaiserbottomfish.com/s/Expresses.asp?ReportID=960… für Bingham Canyon (Rio Tinto(Kennecott Utah Copper)) 19,4 Mio.lbs Mo p.a. und für Chuquicamata 36 Mio.lbs Cu p.a., sodaß also deren Produktion in den nächsten 20 Jahren ersetzt werden muß.

Chuquicamata:

[studzi]

Antwort auf Beitrag Nr.: 31.894.239 von danatbank am 07.10.07 23:21:30

süsses Loch!

[RudiXXX]

Antwort auf Beitrag Nr.: 31.894.239 von danatbank am 07.10.07 23:21:30

" süsses Loch! "

Und nun stell Dir vor, es geht ein Hurrikan darüber nieder, wie 2006 über der Uranmine von ERA in Australien.
Die Hänge fangen an zu rutschen... das gibt eine Kupfer-Sulfit-Brühe vom aller feinster Qualität. Schaufelbagger, Crusher und Förderer werden darauf richtig aufgeregt reagieren.

--Gute Nacht--

Deswegen wird Bergbau mit Risiko bewertet.

[danatbank]

Antwort auf Beitrag Nr.: 31.896.590 von RudiXXX am 08.10.07 11:19:39

Chuquicamata hatte in letzter Zeit in der Tat immer wieder mit Erdrutschen zu kämpfen.

Ich glaube, dieser Bericht vom Analystenbesuch bei ML vom April ist noch nicht gepostet worden; und seitdem hat sich ja außer Baufortschritten nicht viel geändert:

http://mofmagicalthinking.com/brock3/files/ML.Note.07.04.27.…

[Asynchronmaschine]

8,84

[danatbank]

Antwort auf Beitrag Nr.: 31.905.201 von danatbank am 09.10.07 02:29:13

Auf stockhouse habe ich einen Beitrag geschrieben, der für die Übernahme von Mosquito Consolidated Gold durch Mercator eintritt, deren Flaggschiff das Cumo-Projekt in Idaho mit über 1,6 Mrd. Pfund Molybdän ist. Das Unternehmen verfügt zudem über eine Reihe weiterer hochinteressanter Projekte wie Pine Tree:
http://www.mosquitogold.com/s/ProjectProfiles.asp
Zum Vergleich: MSQ hat mehr als dreimal so viele Reserven als Moly Mines, ist aber nur mit einem Fünftel bewertet.

Meiner Meinung sollte Mercator spätestens, wenn in einem halben Jahr die Phase 1 in Betrieb gegangen sein wird, eine Übernahme von Mosquito durchziehen. Dadurch hätten sie eine Möglichkeit, ihren cash-flow hochprofitabel anzulegen und könnten mittelfristig zu einem blue chip werden. Da m.M. die hierfür nötige Verwässerung in sehr überschaubaren Grenzen gehalten oder komplett vermieden werden könnte, wäre dies eine einmalige Gelegenheit um den Firmenwert von ML erheblich zu erhöhen.

Wie sind Eure Meinungen?

[RudiXXX]

Antwort auf Beitrag Nr.: 31.914.973 von danatbank am 09.10.07 18:23:35

Warum sollten sie sich so etwas an tun, und ein 0,093 MoS2 Deposit kaufen. Man wird aus eigener Kraft die Erweiterung bis Phase 4 durchziehen und in 2009 10 Mio. lb Moly sicher produzieren. Damit ist man bereit für den großen Übernahmepoker auf beiden Seiten.

[danatbank]

Dann zeig mal eine bessere Lagerstätte, die Mercator zu einem akzeptablen Preis übernahmen könnte. Der Grad ist außerdem nicht schlechter als z.B. bei Moly Mines. Insgesamt würde es bei Mosquito um die Größenordnung von 10 Mio.t Kupferäquivalent gehen. Wenn bei der Bewertung von Basismetallunternehmen die langfristigen Preisannahmen nach oben angepaßt werden, haben die Unternehmen mit großen Ressourcen auch den größten Hebel.

[Asynchronmaschine]

die verkäufer von zusammmen 41.000 stück bei 8,93 8,94
haben doch nicht alle tassen im schrank
kann denen bitte mal einer erklären
dass sie die order rausnehmen

wie blöd sind die
wollen die kein geld verdienen
ich kenne keinen billigeren wert
wenn die rohstoffpreise noch einige zeit das niveau halten

[Asynchronmaschine]

unsere andere perle

CEO Interview Series -- Scott Broughton, P.Eng. - – Roca Mines, Inc.
Q: Let’s begin with a brief overview of your company.

A: Roca Mines Inc.(TSX: V.ROK, Bullboards) is a Canadian-based mineral exploration and development company whose primary asset is the MAX Molybdenum Mine located near Revelstoke, British Columbia. The MAX Mine is a company-builder with over 113 million lbs. of contained molybdenum (based on a measured and indicated 43-101 resource estimate). Roca's goal is to bring MAX into production during 2007 with a focus on the high-grade zones grading nearly 2% MoS2 during the first phase of production. The MAX deposit is unique in that it contains significant high-grade resources, a luxury not shared by most porphyry molybdenum deposits.

Q: What is happening in the molybdenum industry?

A: Molybdenum ("moly") currently trades in the US$31-33/lb. range and is considered to be an essential metal as an alloy in various types of steel including drilling equipment, pipeline steel, turbines, and water de-salination plants. Molybdenum’s key attributes are its high heat strength and anti-corrosive qualities. Moly is also used as an effective catalyst to remove sulphur and other impurities from lower quality petroleum fuels.

Most of the world's molybdenum comes from mature copper mines (where it is mined as a by-product) with the balance of nearly 40% of global supply coming from primary moly mines such as Henderson, Thompson Creek and MAX. Widespread lack of re-investment in the development of new mines is prevalent within the metals sector leading to increased pricing and supply constraints. This is quite apparent in the molybdenum sector where consumption has more than doubled in the past 15 years. New mines are costly to develop and have significant lead times to cover permitting, development and payback of capital

Q: What is the market opportunity for Roca Mines?

A: With little new supply of moly coming to market, the timing and opportunity for Roca's MAX Mine are excellent. Many analysts see future moly prices remaining robust particularly given that moly is an ”energy" metal with a suite of uses and lack of acceptable substitutes.

Q: What is the Market Approach of Roca Mines?

A: Roca has taken the fast-track approach with MAX. Given the relatively low capital cost (~US$30 million) and short time frame to production, the company is in the enviable position of bringing a project to market in a fraction of the time that it would take to bring a large-scale project online. Roca's lack of debt will allow greater flexibility going forward in terms of re-investment, further resource definition and exploration as well as with potential acquisitions. It is a pragmatic approach, as many mines have initially started as smaller operations yet have grown to major mines over time.

Q: What is the competition doing?

A: Moly prices have been over US$20/lb. for more than 3 years now. Clearly this is not a spike. Robust pricing has allowed many projects with historical resources and millions of dollars spent on pre-development work during previous cycles to be encouraged by a commodity which was trading at sub-US$10/lb. a mere four years ago. Many projects at the permitting stage are championing themselves as the "next great molybdenum mine;" however, financing of some of these large-scale projects requires US$600-900 million in capital costs remains a question, particularly in light of recent developments in the credit markets. Which, how, when and if these projects get financed are all questions that remain to be answered. Even then, construction times of 2-4 years with a further 2-4 years of payback (given current moly prices) suggest that the economics of these large-scale projects may vary greatly from the current feasibility studies.

Q: What are the last year’s highlights for Roca Mines?

Roca broke ground on MAX in May 2006. Despite weather delays encountered late in 2006, MAX has forged ahead in building the foundation for a potentially larger-scale project than originally envisioned. The entire 1000 tpd mill which Roca acquired in early 2006 has been re-assembled at MAX along with the constructing long-term tailings facilities and mine development. Furthermore, Roca is well along with its drilling of a second adit or access portal into the deposit. An additional ball mill was recently acquired, providing flexibility as the company moves forward with a view to increasing throughput in 2008 and beyond.

Q: What are the expected returns for investors in these kinds of projects?

Whether it is base, industrial or precious metals, most companies who are already producing have enjoyed robust prices for their products. Investors in these companies have been rewarded with healthy returns. In the molybdenum sector, there is one primary moly-only producer – Thompson Creek Mining (TSX: T.TCM, Bullboards) -- which generates ~$1 million/day in profit suggesting that there is good money to be made as a moly producer. What's unique about Thompson Creek is that it acquired two operating mines and a roasting/metallurgical facility which were privately held and thus, they weren't required to raise capital to construct these operations. Breaking ground on a new project is another story. Should the fundamentals for molybdenum remain positive for the next 5+ years, no doubt that new projects will come on stream. Should numerous moly projects come on stream by 2011, the impact on the market and the economics of those projects, currently enjoying visions of $30+ moly, might not be as rosy. Roca’s MAX Mine looks to help fill this gap and deliver substantial cashflow to its shareholders.

Q: What is the background and experience of management that makes them capable of achieving Roca Mines’ goals?

A: Roca's team brings together diverse backgrounds ranging from professional engineering to mining finance and development. While not household names, members of Roca's team have started and operated mines and are well-heeled in the exploration and development business. Much of the construction and development work at MAX is being conducted by contractors with expertise in underground mining, mill construction and operations etc.

Q: Talk about the Capital Structure of Roca Mines.

Roca currently has just under 80 million shares outstanding. Fully diluted shares total 101.5 million. Roca has no debt and has been financed via equity private placements. Management controls roughly 10% of the shares with institutional interests holding more than 40% of the capital stock in the company.

Q: What is the most important goal Roca Mines is likely to achieve in the next 12 months?

The commencement of production at MAX will be considered as a significant achievement for the entire Roca team along with recognition from industry peers not only in Canada but globally as well. We are proud to deliver this project to our shareholders and look forward to bringing them increased returns on their investment going forward. A production target of +5 million lbs. of molybdenum in 2008 is a near-term goal of the company.

Q: Thanks for the Interview. How would an investor find out more about Roca Mines?

A: It was a pleasure. Investors can visit our web site; www.rocamines.com for starters, and call us to request more information

[RudiXXX]

Antwort auf Beitrag Nr.: 31.918.194 von Asynchronmaschine am 09.10.07 21:51:15

Ja, ich stimm dir voll zu. Beide Werte haben eine gute Chance steuerfreie Gewinne zu generieren.

Ich denke eigendlich schon lang über das zukünftige Konzept nach und nach der derzeitigen Terminlage sind die ersten Entscheidungen bis spätestens 30.6.08 zu treffen.

Wenn man in Zukunft so jedes Jahr sein Milliönchen Spekulationsgewinn aussweist, wird das Finanzamt nur mistrauisch und die Finanzbeamten neidig. So ein paar steuerfreie Erträge zur Glättung der Einkommenskurve sind da hoch willkommen.

Am meisten steigen immer die Werte,
die man gerade nicht im Depot hat.

[Asynchronmaschine]

9,06

[Asynchronmaschine]

9,23
und keiner hier?!

da muss ich
Irrer
das board noch aus portugal am leben halten

ich sehs schon kommen
man wird mich noch einweisen

[Asynchronmaschine]

[Sharedealer]

Antwort auf Beitrag Nr.: 31.932.098 von Asynchronmaschine am 10.10.07 21:47:54

Ich musste den Thread erstmal finden, schaue jetzt auch öfter mal rein. Sieht gut aus, bei Mercator kann man wirklich ruhig schlafen.

[VeuveClicquot]

Antwort auf Beitrag Nr.: 31.932.098 von Asynchronmaschine am 10.10.07 21:47:54

Ein "überfüllter / überfrequentierter" Thread ist nicht unbedingt Gesund

Für mich sind ruhige Threads bei guten Papieren ein gutes Zeichen.

[Asynchronmaschine]

das orderbuch drüben
ist sowas von dünn
es ist unglaublich
wenn ML nächstes jahr als produzent von moly wahrgenommen wird
wird eine lawine losgetreten
sie wird gigantisch sein
ganz schnell stehen wir in 2008 auf 20
davon bin ich fest überzeugt

[RudiXXX]

Antwort auf Beitrag Nr.: 31.937.638 von Asynchronmaschine am 11.10.07 12:40:00

Die find ich richtig gut.



Warum vergisst du nicht einfach, das du ML im Depot hast?
Wenn du die dann mal wieder findest kannst du jedes mal Party feiern.

[britpop2007]

Antwort auf Beitrag Nr.: 31.937.540 von VeuveClicquot am 11.10.07 12:32:39

Da kann ich diesen Thread empfehlen: 1126543

Da ist es sowas von ruhig, das hält man kaum für möglich!!!

[Asynchronmaschine]

es geht los
erste research berichte tauchen auf
bei 30 wird man uns die stücke aus den händen reissen
aber unter 50 euro
denk ich gar nicht ans verkaufen

http://www.beaconrockresearch.com/files/ML.Intro.07.10.10.pd…

[RudiXXX]

Antwort auf Beitrag Nr.: 31.961.310 von Asynchronmaschine am 12.10.07 19:17:53

"We are initiating coverage of
Mercator with a Buy rating and 12– month price target of
$16.00 per share."

Das ist eine faire Bewertung mit 10x EPS e2009
zum Jahresende1008

[fisch29]

Antwort auf Beitrag Nr.: 31.962.452 von RudiXXX am 12.10.07 20:56:16

ich hab mir daraufhin auch noch ein paar einverleibt.

thompson creek, mercator, hudbay und noch ein paar explorer wie commerce, crowflight, freegold ... da kann es einem doch nur gut gehen, oder?

auf einen guten jahresabschluss!!!

ich persönlich bin ab mitte 2008 bis 2009 eher negativ für den gesamtmarkt eingestellt. ich denke spätestens dann kommt wohl der erwartete crash.

schaun mer mal

gruß an alle mitinvestierten!

ps: habt ihr vielleicht sonst noch ein paar gute aktientipps?
ausser roca

[Sharedealer]

Hallo, wenn ich das Research von beacon, was Async netterweise
rein gestellt hat, richtig übersetzt habe, dann wird 16$ auf
12 Monatssicht als Target angenommen, aber es wurde dabei mit
sehr konservativen Metallpreisen gerechnet. Wie hoch könnte man denn pi*daumen das 12 Monatstarget hoch setzen, wenn man mit
sagen wir mal heutigen Metallpreisen (für Kupfer, Silber und Molybdenum) rechnet und annimmt, die bleiben so hoch (könnten ja auch noch höher gehen). Danke.

[xacus]

"The stock could enjoy a multiple expansion given the company's strong production growth profile." - Mercator Minerals Ltd., headquartered in Kingman, Ariz., has a market capitalization of $640-million.

Mercator holds a producing copper mine in Arizona and is developing an adjacent ore body that has molybdenum, copper and silver. The company has raised capital for this expansion and is fully financed to production. Development of this ore body will make Mercator one of the largest molybdenum producers globally.

There will be a "significant ramp up in Mercator's production in 2008" as the new ore body comes on stream, Brockelsby says.

Mercator is forecast to produce 11.8 million lbs. of copper in 2007. This copper production is 20 million lbs. (including the existing and new ore body) in 2008, with molybdenum production at 1.1 million lbs. The production forecast for 2009 is for 41.4 million lbs. of copper and 4.9 million lbs. of molybdenum.

At the end of 2009, production is expected to be at full capacity, with 55 million lbs of copper and 10 million lbs of molybdenum.

Mercator reports in U.S. dollars. The EPS estimate is US7¢ for 2007, US85¢ for 2008 and US$1.84 for 2009.

www.canada.com/nationalpost/financialpost/story.html?id=842860b6-d5b3-4a31-b466-d0984b0691ea

[Asynchronmaschine]

Development of this ore body will make Mercator one of the largest molybdenum producers globally


ausser uns paar leuten
weiss das noch niemand
wenn sich das mal rumspricht
dann...

30 can dollar

[fisch29]

Antwort auf Beitrag Nr.: 32.058.113 von Asynchronmaschine am 17.10.07 22:23:24

meinst du?

ich denke 20 cad ende 2008, wenn der markt mitspielt!

[Panem]

[xacus]

Antwort auf Beitrag Nr.: 32.058.113 von Asynchronmaschine am 17.10.07 22:23:24

spricht sich da jetzt grad was herum?

[RudiXXX]

Antwort auf Beitrag Nr.: 32.069.341 von xacus am 18.10.07 18:09:54

Nein, nicht das ich wüßte.
Volumen ist zu gering.
Hier werden Leuchttürme gebaut, Orientierungen für die Zukunft.
Die Q3 kommen erst in Mitte November.

[Asynchronmaschine]

was sehen meine vom atlantischen salzwasser getrübten augen
9,80

[fisch29]

Antwort auf Beitrag Nr.: 32.074.730 von Asynchronmaschine am 18.10.07 22:33:30

schade, die 10 cad haben leider nicht gehalten. wenn die genommen werden kann es erst mal abgehen!

[RudiXXX]

Kanada Trading Halt?

[fisch29]

Antwort auf Beitrag Nr.: 32.085.903 von RudiXXX am 19.10.07 16:33:13

was ist der grund?

[RudiXXX]

Antwort auf Beitrag Nr.: 32.086.032 von fisch29 am 19.10.07 16:40:41

Nun 380.000 gehandelte Stück in 55min dürften Fragen auf werfen
2x 100.000 davon.

[fisch29]

Antwort auf Beitrag Nr.: 32.086.133 von RudiXXX am 19.10.07 16:47:06

steht ausser einer möglichen übernahme sonst noch was an?

[Warren7]

MERCATOR MINERALS LTD.
MERCATOR MINERALS LTD.

Attention Business Editors
Mercator Minerals announces intention to offer to acquire Tyler Resources

TRADING SYMBOL: TSX - ML

VANCOUVER, Oct. 19 /CNW/ - Mercator Minerals Ltd. ("Mercator") (TSX: ML)
today announced that it intends to make an offer to acquire all of the
outstanding shares of Tyler Resources Inc. ("Tyler") (TSX-V: TYS) in exchange
for shares of Mercator equal to a total consideration of C$1.00 per Tyler
share. Under the offer, Tyler shareholders would receive 0.113 of a Mercator
share for each Tyler share based on Mercator's volume weighted average share
price of C$8.84 on the TSX for the 20 trading days ended October 18, 2007. The
share consideration represents a premium of approximately 35% over Tyler's
closing share price on October 18, 2007 and over Tyler's volume weighted
average share price on the TSX-V for the 20 trading days ended October 18,
2007.
Commenting on the transaction, Mike Surratt, President and Chief
Executive Officer of Mercator said "The strong merits of the proposed
transaction compelled us to announce our intended offer to the shareholders of
Tyler. The combination of Mercator and Tyler makes sense from a strategic and
geographic perspective and we believe that the proposed combination is a
creative way to unlock value for all shareholders involved. Despite
considerable development, mining, and mineral processing risk, we believe
Tyler's Bahuerachi project is an excellent complement to Mercator and one that
we believe our mining and mineral processing teams can see through to
production. We plan to accelerate Bahuerachi to feasibility and bring it on
stream very early in the next decade. Our offer would give Tyler shareholders
an immediate lift, and the opportunity to participate in the upside with an
aggressive, growing mid-tier base metal producer."
The combined company would offer a solid foundation of Mercator's
operating SX/EW copper mine with expanding near term copper and molybdenum
production and Tyler's pipeline of development and exploration projects.

<<
Highlights and Strategic Benefits

Well structured and financed
----------------------------
- The combined company would have approximately 89 million basic shares
issued and approximately 100 million fully diluted shares
outstanding, assuming Mercator acquires all of the outstanding shares
of Tyler under the offer and assuming the conversion or exercise only
of the currently outstanding options, warrants or other convertible
securities of Tyler that have a conversion or exercise price lower
than C$1.00 per share
- Mercator has a cash balance of approximately US$130.0 million as at
June 30, 2007 and Tyler had a cash balance of approximately
C$9.8 million as at April 30, 2007
- Current Mercator cash flow from operations of approximately
US$2.2 million per month
- Mercator expects to finance most of the Bahuerachi project from free
cash flow produced from the Mineral Park mine

Production growth through to 2009
---------------------------------
- 2007 SX/EW copper production estimated to be approximately 12 million
pounds from Mercator's Mineral Park mine
- Copper - molybdenum expansion project underway at Mercator's Mineral
Park mine
- Full capacity at Mineral Park expected to be reached in 2009;
estimated average annual production over the first 10 years from
Mineral Park of approximately 56.4 million pounds of copper,
10.3 million pounds of molybdenum and 600,000 ounces of silver, based
on Mercator's Technical Report dated December 29, 2006

Attractive resource base to underpin future growth
--------------------------------------------------
Mineral Park (as at December 2006)
----------------------------------
Proven reserves of approximately 430.7 million tons grading 0.14%
copper, 0.040% molybdenum and 0.08 oz per ton silver, and probable
reserves of approximately 89.7 million tons grading 0.11% copper,
0.036% molybdenum and 0.07 oz/ton silver, using long term commodity
prices of US$1.40 per pound copper, US$7.50 per pound molybdenum and
US$7.50 per ounce silver, for a total of 520 million tons of proven
and probable reserves, with contained metal of more than:
- 1.36 billion pounds of copper, from mill reserves and heap leach
reserves
- 343 million pounds of molybdenum, from mill reserves
- 35 million ounces of silver, from mill reserves

Bahuerachi Preliminary Economic Assessment (PEA) completed in
September 2007
-------------------------------------------------------------
In Tyler's press release dated September 27, 2007, Tyler reported
that "(t)he total tonnage and grade of the resource base included in
the PEA at this time consisted of 238,317,000 tonnes of measured and
indicated resources (91%), and 12,254,000 tonnes of Inferred
resources (9%) at an average grade of 0.425% copper, 0.926% zinc,
0.0081% molybdenum, 0.04 g/t gold and 4.95 g/t silver", with metal
contained in concentrates of approximately (as described in the
"Technical Report Summary, Bahuerachi Project, Preliminary Economic
Assessment Report, Chihuahua State, Mexico" prepared by Independent
Mining Consultants, Inc. dated September 2007 disclosed on Tyler's
website) (note: information as to the breakdown of applicable grades
for each of the resource categories separately is not available in
the press release or the technical report summary):
- 2.11 billion pounds of copper
- 163,000 ounces of gold
- 31.9 million ounces of silver
- 26.8 million pounds of molybdenum
- 3.58 billion pounds of zinc

Bahuerachi, prior to the PEA
----------------------------
In Tyler's press release dated May 23, 2007, Tyler reported
524 million tonnes of measured and indicated resources grading 0.4%
copper, 0.55% zinc, 0.008% molybdenum, 4.03 g/t Ag and 0.03 g/t Au,
with a 0.2% copper cutoff grade, with contained metal of
approximately:
- 4.56 billion pounds of copper
- 6.30 billion pounds of zinc
- 96.2 million pounds of molybdenum
- 68.0 million ounces of silver
- 551,000 ounces of gold

Experienced management to build the projects, continue exploration at
Bahuerachi
---------------------------------------------------------------------
- Mercator brings strong mine development, mine financing, and
construction expertise, having successfully started and raised over
C$145 million to expand Mineral Park
- Strong expected cash flows from Mercator and pro-forma financial
strength to enable the build-out of Tyler's Bahuerachi project
- Tyler has identified substantial potential in the Bahuerachi area,
providing the opportunity for more discoveries

Mercator Expansion of Moly-Copper Operations, Construction Underway

- 50,000 tpd two phase expansion at Mineral Park will add milling
copper - moly ore to the SX/EW copper output
- Phase One expected to be complete in Q2, 2008 is expected to bring
milling ore to 25,000 tpd
- Phase Two expected to be complete in Q1, 2009 is expected to bring
milling ore to 50,000 tpd
- Estimated project after tax NPV at an 8% discount rate of
US$428 million using conservative long term prices of US$1.53 per
pound copper, US$10.16 per pound molybdenum and US$7.50 per ounce
silver, based on Mercator's Technical Report dated December 29, 2006
- Expected mine life - 25 years
- Expansion expected to be fully financed by combining Mercator's
current cash on hand of US$130 million with cash flow from operations

Bahuerachi PEA

- In Tyler's press release dated September 27, 2007, Tyler reported
that "(a)t conservative Base-Case long term metal price assumptions
of US $1.50/lb copper, $0.80/lb zinc, $15.00/lb molybdenum,
$500.00/Oz gold and $10.00/Oz silver, the project has been estimated
to be able to produce on a life-of-mine ("LOM") basis a yearly
average of 183.76 million pounds of copper, 311.26 million pounds of
zinc, 2.33 million pounds of molybdenum, 2.77 million ounces of
silver and 14,180 ounces of gold for 12 years on the assumption of a
60,000 tonne per day milling operation. Total capital costs on a LOM
basis have been estimated at US$619.25 million, with a Base-Case
capital payback period occurring during production year 4. Using
August 2007 three year backward average metal prices of US$2.43/Lb
copper, $1.10/lb zinc, $30.85 molybdenum, $10.00/Oz silver and
$544/Oz gold, capital payback period would occur during production
year 2."
>>

Additional Details of the Offer

Mercator expects to mail a formal offer and take over bid circular to the
shareholders of Tyler in accordance with applicable securities laws. The
formal offer and takeover bid circular will include full details regarding the
Tyler offer, including a complete description of the conditions to the offer.
The offer is expected to remain open for acceptance for 35 days following the
mailing date.
To complete the transaction, Mercator would issue approximately
15 million new common shares to Tyler shareholders, assuming all of the
outstanding shares of Tyler are tendered to the offer and assuming the
conversion or exercise only of the currently outstanding options, warrants or
other convertible securities of Tyler that have a conversion or exercise price
lower than C$1.00 per share. On an issued basis, the pro rata shareholdings
are anticipated to be approximately: 84% existing Mercator shareholders, 16%
existing Tyler shareholders.
No Mercator shares will be delivered in the United States or to or for
the account or for the benefit of a person in the United States, unless
Mercator is satisfied that such Mercator shares may be delivered in the
relevant jurisdiction in reliance upon available exemptions from the
registration requirements of the U.S. Securities Act of 1933, as amended, and
the securities laws of the relevant U.S. state or other local jurisdiction, or
on a basis otherwise determined to be acceptable to Mercator in its sole
discretion. Ineligible Tyler shareholders who would otherwise receive Mercator
shares in exchange for their Tyler shares may, at the sole discretion of
Mercator, have such Mercator shares issued on their behalf to a selling agent,
which shall, as agent for such Tyler shareholders, sell such Mercator shares
on their behalf over the facilities of the TSX and have the net proceeds of
such sale, less any applicable withholding taxes, delivered to such Tyler
shareholders.
The offer will be subject to a number of conditions, including without
limitation absence of adverse material changes, receipt of all necessary
regulatory approvals and a minimum of 66 2/3% of Tyler shares being tendered.

Investor and Analyst Conference Call

The investment community is invited to participate in Mercator's
conference call as follows:

Friday, October 19, 2007 at 11 a.m. (PDT)
Toll Free (North America): [phone]
Local/International: [phone]

The presentation that corresponds with the conference call is available
via the Internet by visiting www.mercatorminerals.com.

The conference call and all questions and answers will be recorded and
made available until October 26, 2007. To listen to the recording, call (877)
289-8525 or [phone] and enter pass code 21250979 followed by the number
sign.
The conference call will be web cast live as well as for on-demand
listening at
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2055… the
Company's website. Listeners may access the call through the "conference
calls" link in the investor relations section of the site.

About Mercator Minerals Ltd.

Mercator is a copper producer that owns and operates the Mineral Park
copper mine in Arizona, with a corporate strategy focused on maximizing the
production potential of the Mineral Park copper-molybdenum deposit and growing
through mergers and acquisitions. The Company has filed a technical report
supporting the expansion of increased copper production plus molybdenum and
silver production. Jim Tompkins, P.Eng., Mercator's independent mining
engineer, a Qualified Person as defined by National Instrument 43-101,
supervised the preparation of and verified the Mercator technical information
contained in this release.

About Tyler Resources Inc.

Tyler is a Canadian junior exploration company focused on base and
precious metals exploration in Mexico. Tyler's primary project is the
Bahuerachi property in Northwestern Mexico, in the state of Chihuahua. As part
of its ongoing drill program, Tyler has now drilled in excess of 51,000 meters
of combined diamond and reverse circulation drilling since 2004.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

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

Information Concerning Mineralization and Resources

Unless otherwise indicated, all resource estimates contained in this news
release have been prepared in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects and the Canadian Institute of
Mining, Metallurgy and Petroleum Classification System in compliance with
Canadian securities laws, which differ from the requirements of United States
securities laws. Without limiting the foregoing, this news release uses the
terms "measured resources", "indicated resources" and "inferred resources".
United States investors are advised that, while such terms are recognized and
required by Canadian securities laws, the United States Securities and
Exchange Commission ("SEC") does not recognize them. Under United States
standards, mineralization may not be classified as a "reserve" unless the
determination has been made that the mineralization could be economically and
legally produced or extracted at the time the reserve determination is made.
United States investors are cautioned not to assume that all or any part of
measured or indicated resources will ever be converted into reserves. Further,
inferred resources have a great amount of uncertainty as to their existence
and as to whether they can be mined legally or economically. It cannot be
assumed that all or any part of the inferred resources will ever be upgraded
to a higher category. Therefore, United States investors are also cautioned
not to assume that all or any part of the inferred resources exist, or that
they can be mined legally or economically. Disclosure of contained ounces is
permitted disclosure under Canadian regulations; however, the SEC normally
only permits issuers to report resources as in place tonnage and grade without
reference to unit measures. Accordingly, information concerning descriptions
of mineralization and resources contained in this news release may not be
comparable to information made public by United States companies subject to
the reporting and disclosure requirements of the SEC.

Information Concerning Tyler

Except as otherwise indicated, information concerning Tyler contained in
this news release has been taken from or is based upon publicly available
documents and records on file with the Canadian securities regulatory
authorities and other public sources. Tyler has not reviewed this news release
and has not confirmed the accuracy and completeness of the information in
respect of Tyler contained herein. Although Mercator has no knowledge that
would indicate that any statements contained herein concerning Tyler taken
from or based upon such documents and records are untrue or incomplete,
neither Mercator nor any of its directors or officers assumes any
responsibility for the accuracy or completeness of such information, including
any of Tyler's financial statements, or for any failure by Tyler to disclose
events or facts which may have occurred or which may affect the significance
or accuracy of any such information but which are unknown to Tyler.
In Tyler's September 27, 2007 press release, Tyler advised that "(a) copy
of the (Independent Mining Consultants) PEA executive summary will be
available on the Tyler website shortly outlining the details of the pricing
and cost assumptions inputs, calculations, metal recovery assumptions and
mining phases used in this first economic evaluation of the Bahuerachi
Deposit's potential. A full report of the PEA study as per the requirements of
National Instrument 43-101 is expected to be filed on SEDAR within 45 days."
Tyler further advised that "(t)he PEA study was based on the latest resource
calculation as released by Tyler in May 2007. The minimum required for the
reclassification of mineral resources to the reserve category being the
completion of a pre-feasibility level study, the reader is cautioned that
under National Instrument 43-101, the mineral resources that are not mineral
reserves are not considered to have demonstrated economic viability. The
purpose of the PEA is to perform an economic analysis of the potential
viability of a mineral resource taken at an early stage of the project, prior
to the completion of a preliminary feasibility study."

Forward Looking Information

This news release contains forward looking statements of Mercator, being
statements which are not historical facts, including, without limitation,
statements regarding the proposed acquisition of Tyler by Mercator, the
potential benefits thereof and discussions of future plans, projections and
objectives. In addition, estimates of mineral reserves and resources may
constitute forward looking statements to the extent they involve estimates of
the mineralization that will be encountered if a property is developed. This
news release also contains forward looking statements of Tyler, which are
derived from publicly available documents. There can be no assurance that such
statements will prove accurate. Such statements are necessarily based upon a
number of estimates and assumptions that are subject to numerous risks and
uncertainties that could cause actual results and future events to differ
materially from those anticipated or projected. Important factors that could
cause actual results to differ materially from Mercator's or Tyler's
expectation are in the documents filed by Mercator and Tyler, respectively,
from time to time with the Toronto Stock Exchange, the TSX Venture Exchange
and provincial securities regulators, most of which are available at
www.sedar.com. Mercator disclaims any intention or obligation to revise or
update such statements.
The following factors, among others, related to the proposed acquisition
of Tyler, the potential benefits thereof and future plans, projections and
objectives could cause actual results of developments to differ materially
from the results or developments expressed or implied by forward looking
statements: the Mercator shares issued in connection with the offer may have a
market value lower than expected; the businesses of Mercator and Tyler may not
be integrated successfully or such integration may be more difficult,
time-consuming or costly than expected; the expected combination benefits from
the acquisition of Tyler may not be fully realized by Mercator or may not be
realized within the expected time frame; Mercator cannot determine the number
of Tyler shareholders who may accept the Tyler offer; Mercator may not acquire
one-hundred percent of the shares of Tyler; and the possible delay in the
completion of the steps required to be taken for the acquisition of Tyler and
the ultimate combination of Mercator and Tyler.

Notice to U.S. Shareholders of Tyler

The offer, if and when made, will be made for the securities of a
Canadian issuer and by a Canadian issuer that is permitted to prepare the
offer and circular in accordance with the disclosure requirements of Canada.
Shareholders should be aware that such requirements are different from those
of the United States. The financial statements to be included or incorporated
by reference in the offer and circular will be prepared in accordance with
Canadian generally accepted accounting principles, and may be subject to
Canadian auditing and auditor independence standards, and thus may not be
comparable to financial statements of United States companies.
The enforcement by shareholders of civil liabilities under the United
States federal securities laws may be affected adversely by the fact that
Mercator is incorporated under the laws of Canada, that some or all of its
officers and directors may be residents of jurisdictions outside the United
States, that some or all of the dealer managers for the offer and some or all
of the experts named in the offer and circular may be residents of
jurisdictions outside the United States and that all or a substantial portion
of the assets of Mercator and said persons may be located outside the United
States.
You should be aware Mercator may purchase securities otherwise than under
the offer, such as in open market or privately negotiated purchases.

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






-30-

[RudiXXX]

Antwort auf Beitrag Nr.: 32.086.432 von fisch29 am 19.10.07 17:04:18

Ja, na klar eine eigene Übernahme.

Auf dem ersten Blick so preiswert, das der Versuch 66,66% von TYS zu erwerben wohl in die Hose gehen wird. Hoffentlich haben die vorher mit den TYS machern gesprochen und die wollen auch verkaufen.

[fisch29]

Antwort auf Beitrag Nr.: 32.086.915 von RudiXXX am 19.10.07 17:30:44

die aktie reagiert prompt!

[RudiXXX]

Antwort auf Beitrag Nr.: 32.086.996 von fisch29 am 19.10.07 17:35:33

Die kommt wieder hoch
ich hab noch mal ein paar nachgelegt, nach diesem Schreck,

es besteht die Aussicht auf eine Diversifizierung durch eine Kupfer/Zink Mine mit Moly/Silber/Gold Beiprodukt.
Genau was zu dem Konzept Mineral Park passt um brieter aufgestellt zu sein. Und die Mischung Kupfer/Zink bringt eine gewissen Preisstabilität.

Wie gesagt, wenn sie es durchziehen können.

[RudiXXX]

Antwort auf Beitrag Nr.: 31.917.924 von danatbank am 09.10.07 21:34:45

Danatbank - die Mercatoren sind anscheinend cleverer wie wir zusammen.

[Trinity8]

Hi
ich kann seit zwei Tagen oben in wo-Leiste keinen aktuellen Kurs
lesen. Funktioniert es momentan allgemein nicht oder liegt es an meinem Anschluss? Wie ist der derzeitige Stand?
ein schönes WE
lg Trinity

[RudiXXX]

Antwort auf Beitrag Nr.: 32.088.068 von Trinity8 am 19.10.07 18:44:47

Die Kursanzeige ist völlig im A.
z. B. zeigt die Börse Toronto den Kurs 6,35 also Euro an.
zur zeiot ist Frankfurt bei 7€

[bmann025]

http://www.tylerresources.com/home.php
http://www.stockhouse.com/bullboards/forum.asp?symbol=TYS&ta…

[bmann025]

ein director von tyler ist gleichzeitig VP engineering bei mercator.

http://www.tylerresources.com/corporate_board.htm


Mr. Gary Simmerman, B.Sc. Mining Eng., Director - top -
Gary Simmerman is a mining engineer with over 30 years of hands-on underground and open-pit engineering, development, and operating experience. He was recently appointed VP Engineering for Mercator Minerals Ltd., a Company currently building a 50,000 ton a day concentrator at its Mineral Park copper-molybdenum porphyry project which is in production in Arizona. Prior to this, Mr. Simmerman was Executive Vice-President and Chief Operating Officer of Frontera Copper Corp. which developed the Piedras Verdes copper open pit operation in Sonora State, Mexico, and Mexico’s latest open pit, bulk tonnage mining operation. From 1992 until 2004, Mr. Simmerman was employed by Azco Mining, Inc., most recently as Vice-President, Operations, responsible for the development of Azco’s Black Canyon Mica Project, located near Phoenix, Arizona, was involved in the bankable feasibility study for the Sanchez copper project located near Safford, Arizona, and was responsible for overseeing Azco’s interest in the Piedras Verdes Property. From 1986 to 1992, Mr. Simmerman was employed by Santa Fe Pacific Gold Corp., and as Chief Engineer was involved in the development and operation of Rabbit Creek, near Winnemucca Nevada, a large open pit gold milling and heap leach operation. From 1974 to 1986, Mr. Simmerman held engineering and production positions while employed by Gulf Mineral Resources and Noranda in underground uranium and underground copper-cobalt operations.

[fisch29]

Antwort auf Beitrag Nr.: 32.087.131 von RudiXXX am 19.10.07 17:43:22

ich denke schon das die übernahme klappt, immerhin 35% über den aktienkurs von tys. zinifex hat damals auch spottbillig wolfden übernommen und keiner wollte es wahrhaben!

was weiterhin für die übernahme spricht, das ein vorstand von tys auch bei mercator tätig ist (da wurde bestimmt schon was eingefädelt) desweiteren bräuchte tys etwa 600 mio $ um in produktion gehen zu können.
woher nehmen wenn nich stehlen ... für mich ist der deal klar.

ich weiss nur nicht ob es für uns als aktionäre so gut ist, da die %-gehalte der ressourcen von tys doch recht gering sind, oder habe ich mich da verlesen.

wie siehst du das?

[Sharedealer]

Warum sollten die eine Firma übernehmen, wenn sie sich nichts davon versprechen. Ok im Augenblick drückt es etwas auf den Kurs,
aber auf längere Sicht wird es zum Wachstum beitragen.

[bmann025]

Antwort auf Beitrag Nr.: 32.111.028 von fisch29 am 22.10.07 17:48:06

die %-gehalte sind relativ unwichtig.

was sie wert sind, zeigen die abbaukosten und diese sind extrem niedrig.

ich habe heute meine patriotische pflicht erfüllt und tyler gekauft und werde diese mercator zu einem guten preos andienen.

[fisch29]

ml gibt`s ja noch mal im sonderangebot!

ich glaub ich leg die tage noch mal nach!

spätestens nach übernahme von tys steigt unsere ml wieder.

[Asynchronmaschine]

Freeport-McMoRan sees a bright future for high-grade moly

While Freeport enjoys its global leadership in copper, the company’s future as the top producer of high-grade molybdenum may be equally promising.
Author: Dorothy Kosich
Posted: Thursday , 25 Oct 2007

RENO, NV -

Freeport-McMoRan Copper& Gold is increasingly bullish on the moly side of its business as the market for the metal continues to improve.

During a conference call Wednesday to discuss quarterly results, Freeport officials said they are not worried about the potential impacts of tough Mining Law reform legislation to be voted on by the U.S. House.

Freeport-McMoRan President and CEO Richard Adkerson told analysts that the market for molybdenum has improved, meaning the fortunes of the world's top moly producer are looking very promising. Freeport's inherited assets, which include the Climax moly mine in Colorado, are comprised of both standalone and by-product moly operations, which, Adkerson said, "allow us to continue in that leadership position.

In fact, moly markets are looking so promising, Adkerson said Freeport is seriously contemplating building a larger mill as it resurrects and ramps up Climax, the largest undeveloped high-grade moly resource--and possibly building a second mill in the future. He estimated that 420 million pounds of molybdenum are produced annually on international markets of which 68 million pounds will be mined by Freeport this year. When $500 million restart of Climax comes on line, possibly by 2010, Adkerson estimated it will yield an additional 30 million pounds of high-grade moly.

However, he warned that the numerous lower-grade moly deposits now being touted by a number of companies "will be challenged in terms of this marketplace." Even Freeport is working to increase the value of its molybdenum projects.

Meanwhile, Adkerson said he is not yet worried about the potential impacts of a tough Mining Law reform bill approved this week by the House Natural Resources Committee. He stressed that "significantly different views" will affect the direction of the legislation. Freeport is hopeful "that we can work with the Congress in having a resolution of this so there gets to be some clarity as we go forward."

The Climax re-start will not be impacted by potential Mining Law reform. Freeport President Tim Snider explained to analysts that since "all of our U.S. operations are operating on patented mining claims," the impacts of the legislation on existing operations "are minimal."

In the meantime, Freeport may face some logistical challenges in meeting its 2009 production start-up timetable for the Tenke Fungurume mine development project in the DRC. Adkerson told analysts that he is "confident" that DRC government officials will carry forward their commitments concerning permitting and contracts.

[Asynchronmaschine]

Mining Journal's 20:20 half day focused presentational meetings held in London picked an interesting subject for today's event, namely molybdenum. Most moly production is from byproduct porphyry copper operations, but the speakers here represented current and prospective focused mining companies which would enable an investor to take a position on the metal itself and on some of its producers.

Molybdenum is primarily used in the steel sector in the manufacture of austenitic corrosion resistant grades of stainless steel, low alloy steels and in the manufacture of steel tools and castings. Lesser amounts are used in other industries like chemicals and oil.

There are a number of factors that have come into play which has led to molybdenum substantially outperforming markets for most other metals over the past few years - notably the big increase in steel production - and in particular that for stainless steel - coupled with declining production from some of the traditional producers, a huge reduction in exports of Chinese molybdenum and a lack of new projects coming on stream.

Looking at the market in general, Tony Warwick-Ching of metals analysis specialists CRU was extremely positive on the future of molybdenum prices in the short and medium term (positive for a miner that is, not necessarily so for a consumer!).

The title of Warwick-Ching's presentation was "Does moly need new producers?" The answer was a pretty resounding ‘Yes'. He feels the market is in the middle of a major price rally which is sustainable over the next several years - and possibly beyond - and although the current rally is "the most spectacular in history", the price has still not yet reached its real-terms peak achieved briefly in the late ‘70s.

He quoted three reasons for optimism - Robust Demand, Lean Supply and a High Incentive Price for new production.

He also noted that, unlike some other metals where substitution has become a factor when big price increases have occurred, the moly market has proved so far to be remarkably non-sensitive to price increases. With stainless steel consumption growing 6 percent a year, demand is likely to remain robust.

On the supply side 70 percent of output is as a byproduct of copper mining and here the primary mines are close to full capacity. Some have been high grading moly production - sometimes at the expense of copper grades - to take advantage of the recent high prices, but indications are that the high-grade production is now falling back again.

Warwick-Ching reckons the existing major copper/moly producers are running out of steam, reactivated mines are peaking and, as noted above, high grading is on the downturn, but demand continues to increase thus creating a strong position for new producers - but most of those in the pipeline unlikely to start coming into production until late 2008/early 2009 at the earliest.

It is possible that technology advances may improve recoveries at existing operations which may help the supply position, but only marginally. Growth in demand is put at a very conservative 4.5% per annum.

The rest of the meeting was filled with presentations from mining companies reckoning on helping plug the supply/demand gap - a task possibly made easier by the strong price projections. Several of the presenters did comment on the overall market, but none, hardly surprisingly, disagreed in substance with Warwick-Ching's analysis. All those presenting had very interesting new development projects under way which made for an excellent couple of sessions. Those companies represented were Adanac Molybdenum, Columbia Yukon Exploration (both with big low grade projects in British Columbia, Canada), Queensland Ores and Moly Mines with high potential Australian projects - one small and one large, Virgin Metals with a very exciting small moly/copper project which could lead into thye development of a much larger copper/moly one - and Thompson Creek Metals, already the world's fourth largest moly producer from its Thompson Creek and Endako mines and with another big high grade potential underground property close enough to its Endako mine to reduce capital costs by trucking ore to the Endako mill.

For a mining sector with a relatively small universe of producers and potential producers the 20:20 event provided insights into an interesting cross section of those involved in the primary production field.

[RudiXXX]

Leicht kosmetisch behandelt. weil in Stockhouse kaum lesbar


Please see important disclaimers at the end of this report.
WWW.ORIONSECURITIES.CA
George Albino [phone] [e-mail]
John Graham [phone] [e-mail]
Matthew Sheppard [phone] [e-mail]
October 24, 2007 s1
ML, TSX – C$8.98 12-Month Target: C$11.50
Rating: Overweight
Potential Return: 28%
Market Cap: $624 million
All values in US$ unless otherwise noted.
What’s Changed (2007E)
Previous New
Revenue $30.5 Unchanged
EPS $0.07 Unchanged
CFPS $0.07 Unchanged
Rating Overweight Unchanged
Target C$11.50 Unchanged

What Happened?
• Mercator announced it intends to make an offer to acquire all outstanding shares of Tyler Resources a ratio of 0.113x Mercator share for each outstanding share of Tyler.
• Based on Mercator’s October 18, 2007 closing price of C$9.80, this translates into C$1.11 –the proposed bid representing a 50% premium over Tyler’s closing price on October 18.
• The total value of the bid (as of October 18) is estimated at approximately C$115 million (C$124 million FD). Should the bid succeed, TYS shareholders will own 16% of MergeCo.
• Mercator is after the Bahuerachi project in Chihuahua, Mexico which hosts a resource of 605Mt grading 0.40% copper and 0.54% zinc, with minor gold silver and molybdenum.
What Does it Mean?
• A recent scoping study outlined potential for a major open-pit operation based on an in-pit resource of 250 million tonnes at an average grade of 0.43% copper, 0.008% molybdenum, 0.93% zinc, 0.04 g/t gold and 4.95 g/t silver – the LOM stripping ratio is estimated at 2:1.
• Annual production is expected to average of 185 million lbs copper, 310 million lbs zinc, 2.3 million lbs molybdenum, 14,000 ounces of gold and 2.8 million ounces silver over a 12-year mine life.
• In the study, operating costs are estimated in the $10.50/t range and life-of-mine capex of approximately $620 million (with initial capex of $550 million).
• We model Bahuerachi starting in late 2010 – development would coincide with startup of the Phase 2 expansion at Mineral Park. We expect that a significant part of the development capex could be funded through cash flow from Mineral Park.
What Is it Worth?
• This looks to be a case of “the price is right”; over the long-term the transaction appears to be accretive to Mercator on all key measures.
• For instance, a preliminary look at potential EBITDA from Bahuerachi suggests that it should generate about $400 million/yr at OSI long-term metal prices.
• Between the proposed acquisition cost of $112 million and initial capex of $700 million this would add about $800 million to Mercator’s EV, for an EV/EBITDA of 2:1. This compares with Mercator’s previous forecast EV/EBITDA in the 3:1 range.
• Based on our financing assumptions, CFPS would be diluted by approximately 25% through 2010, but would increase by an average of 175% over the following five years.
• Our 8%-discounted NAV would increase by about 60% to $15.30/sh.
What to Do
• We reiterate our Overweight rating and our C$11.50 target for Mercator Minerals.
• Near-term risks include a higher bid (possibly in order to secure a friendly deal) which could impact the Mercator share price. Additionally, investors that held Mercator based on its fullyfinanced status and near-term cash flows could seek value elsewhere; we would use share price weakness as a buying opportunity.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 2

Mercator Bid for Tyler Resources
Mercator reported that it plans to make an offer for the outstanding shares of Tyler Resources. The company indicated that it will bid 0.113x a Mercator share for each of the outstanding shares of Tyler Resources.
The bid gives Tyler shareholders a significant premium. Based on Mercator’s October 18, 2007 close of C$9.80, the bid translates into an implied price of C$1.11 –the proposed bid represents a 50% premium over Tyler’s closing price on October 18. At spot prices (as of Mercator’s October 22, 2007 close of C$9.12), the deal represents a 40% premium. The number of shares issued under the proposed deal would be 12.7 million basic shares, and 14.8 million on a fully-diluted basis. The total value of the proposed bid is currently estimated at about C$105 million (C$112 million FD).
This is an unsolicited bid. Based on Mercator’s statements during an October 19, 2007 conference call, and in Tyler’s October 22, 2007 news release, Mercator did approach Tyler with a merger proposal. When the companies were unable to reach terms, Mercator apparently decided to take the offer directly to Tyler shareholders.
Mercator expects to file bid documents within a few weeks. We expect that the bid would be open for a minimum of 35 days. Tyler did recently adopt a shareholders’ rights plan (see Tyler’s September 26, 2007 press release). Both companies indicate that Mercator did recently execute a confidentiality agreement (CA) with Tyler. We understand from Mercator management that the CA does not contain any standstill provision; we also understand that, as of the time of the bid, Mercator owned no Tyler shares. One of Mercator’s senior officers, Vice President of Engineering and Mine Manager, Gary Simmerman, was previously a director of Tyler. His resignation from that board was announced at the time Mercator indicated its intention to bid.
The deal is focused on the Bahuerachi project in Chihuahua, Mexico. Tyler recently reported results from a preliminary economic assessment (completed by Independent Mining Consultants Inc.). Based on this report, Bahuerachi is estimated to contain M, I &I resources of 605Mt grading 0.40% copper, 0.008% molybdenum, 0.54% zinc, 0.03 g/t gold and 3.91 g/t silver at a 0.2% total copper (TCu) cutoff. Exhibit 1 outlines the M, I &I resource estimate for the Bahuerachi project in Chihuahua, Mexico.
Exhibit 1. Total Resource Estimate at Bahuerachi
Tonnes Cu Mo Zn Au Ag Cu Mo Zn Au Ag
(t) (%) (%) (%) (g/t) (g/t) (M lbs) (M lbs) (M lbs) (M oz) (M oz)
Measured 92,398,000 0.47% 0.008% 0.44% 0.05 3.86 957.4 16.3 896.3 0.1 11.4
Indicated 432,112,000 0.38% 0.008% 0.57% 0.03 4.07 3,620.0 76.2 5,430.1 0.4 56.2
M&I 524,510,000 0.40% 0.008% 0.55% 0.03 4.03 4,625.4 92.5 6,359.9 0.5 67.5
Inferred 80,175,000 0.38% 0.007% 0.45% 0.02 3.11 671.7 12.4 795.4 0.1 8.0
M,I&I 604,685,000 0.40% 0.008% 0.54% 0.03 3.91 5,297.1 104.9 7,155.3 0.6 75.5
Grades Contained Metal
Source: Tyler, Orion Securities
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 3

Bahuerachi – The Asset
Tyler recently published the results of a Preliminary Economic Assessment.
The release summarizing this “PEA”, or scoping study, was dated September 27, 2007. Tyler has not yet provided the full text of the 43-101 report on SEDAR, but must do so by November 11, 2007 to meet the 45-day deadline.
Tyler outlined a preliminary mine plan in the scoping study as detailed in Exhibit 2. The mine plan reflects a 250Mt deposit (91% of which is in the M&I category) mined over a 12-year life, at an average strip ratio of about 2:1. The mine
plan is based on operating costs in the $10.50/t range with LOM capital of $620 million (including initial capital of about $550 million).
Exhibit 2. Bahuerachi Model Assumptions
Costs
Tonnes (Mt) 250.0 Initial Capex (MM $) $551.0
LOM Capex (MM $) $619.3
Cu Grade (%) 0.43% Zn Grade (%) 0.93% Milling ($/t) $7.12
Ag Grade (g/t) 4.95 Mine G&A ($/t) $0.24
Au Grade (g/t) 0.04 Mining (yr 0-4) ($/t) $0.76
Mo Grade (%) 0.008% Mining (yr 5-9) ($/t) $0.92 Mining (yr 10-12) ($/t) $1.23
Cu Recovery (%) 90% Zn Recovery (%) 70% Strip Ratio 2.1
Ag Recovery (%) 80% Au Recovery (%) 50% Mo Recovery (%) 60%

Contained Metal
Source: Tyler, Orion Securities
Bahuerachi appears to be a robust asset. The scoping study implied of 0.43% copper (90% recoveries), 0.008% molybdenum (60% recoveries), 0.93% zinc (70% recoveries), 0.04 g/t gold (50% recoveries) and 4.95 g/t silver (80% recoveries).
Over the life of mine, Bahuerachi is expected to produce an average of 185 million lbs of copper, 310 million lbs of zinc, 2.3 million lbs of moly, 14,000 ounces of gold and 2.8 million ounces of silver annually. Exhibit 3 outlines a summary of the projected financial parameters for Bahuerachi.
We benchmarked Bahuerachi against Goldcorp’s Peñasquito development project. As a check on the potential economics of the project, we compared it to a well-studied deposit which has been the subject of two full feasibility studies. A simple comparison was on in situ ore value. Using OSI metal prices, the average gross value per tonne was nearly identical, and in fact, the Bahuerachi value was slightly higher than at Peñasquito. While on a net smelter return basis we believe this would be reversed in Peñasquito’s favour, it does provide comfort that other multimetal projects of similar grade are being built. We also looked at operating costs: the life-of-mine average mining cost in the Bahuerachi study is about $0.94/tonne and this compares with about $0.96/tonne estimated at Peñasquito.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 4
Exhibit 3. Summary of Bahuerachi Mine Model
2010 2011 2012 LOM
Cu Production (MM lbs) 1.6 188.6 176.1 2,039
Zn Production (MM lbs) 1.1 303.7 456.9 3,006
Ag Production (K oz) 0.0 2.5 3.2 29
Au Production (K oz) 0.1 11.1 12.7 151
Mo Production (MM lbs) 0.0 2.5 2.3 27
Revenue (MM $’s) $5 $760 $895 $7,974
Total Cost (MM $’s) $9 $371 $413 $4,229
EBITDA (MM $’s) ($4) $389 $481 $3,744
5% NAV (MM $’s) $1,083 $9.84/sh
8% NAV (MM $’s) $735 $6.68/sh
10% NAV (MM $’s) $569 $5.17/sh
Source: Tyler, Orion Securities
Valuation
We have taken a look at the pro forma company. Our analysis incorporates the results of the scoping study. However, our analysis also builds in additional sustaining capex and capital costs for a fleet replacement and reflects slightly different copper/zinc TC/RC assumptions in line with those in our Mercator model. We also employ our long-term forecast metal prices (see Exhibit 4), which are generally higher than those used in Tyler’s scoping study.
Exhibit 4. Orion Long-Term Metal Price Assumptions
Orion Metal Px Assumptions 2008 2009 2010 2011 2012
Copper price ($/lb) $2.95 $2.50 $2.25 $2.00 $2.00
Zinc Price ($/lb) $1.40 $1.25 $1.05 $1.00 $1.00
Silver Price ($/oz) $12.75 $12.75 $12.75 $12.75 $12.75
Gold Price ($/oz) $660.00 $660.00 $660.00 $660.00 $660.00
Moly Price ($/lb) $25.00 $22.50 $20.00 $16.00 $16.00
Source: Mercator, Orion Securities
We have also made financing assumptions. Our Bahuerachi model reflects total life-of-mine capex in the $840 million range, with initial capital (2008-2011) of $700 million. In order to finance the development of the asset, we assumed a 60/40 debt/equity ratio, resulting in debt of $400 million and an equity financing of $90 million (10 million shares). We expect that the remainder of the capital requirement (about $200 million) will be funded through cash flow from Mineral Park. A comparison of our existing Mercator with the pro forma MergeCo is shown in Exhibit 5. Initial earnings and cash flow dilution comes from a combination of shares issued for the Tyler purchase and from a Mercator equity-raising. The maximum dilution is 27% in 2010.
This preliminary analysis shows very significant EPS and CFPS accretion once Bahuerachi comes on line. In the five-year period from 2011–2015, average CFPS jumps 178% to $4.16/sh in the NewCo case.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 5

The deal appears to be NAV accretive as well. At an 8% discount rate, Mercator is currently trading at 0.77x NAV. This compares to a 0.13x NAV (at 8%) for Tyler. Even if we use a significantly higher discount rate, we still see NAV accretion. At a 12% discount rate (reflecting the earlier stage of Bahuerachi), the proposed purchase price is still only 0.22x NAV.
Exhibit 5. Comparison of Pro Forma NewCo with our Mercator Model
Standalone Mercator 2008 2009 2010 2011 2012 2013 2014
Cu Production (MM lbs) 31.3 52.1 59.5 57.8 40.0 63.4 66.3
Mo Production (MM lbs) 1.6 7.4 11.0 14.0 9.8 10.1 10.9
Revenue (MM $) $134 $302 $361 $346 $244 $295 $314
Operating Costs (MM $) $34 $104 $133 $129 $117 $127 $132
EBITDA (MM $) $94 $193 $223 $212 $122 $162 $177
EPS ($/sh) $0.92 $1.84 $1.66 $1.60 $0.99 $1.34 $1.50
CFPS ($/sh) $0.94 $1.91 $1.77 $1.75 $1.10 $1.45 $1.61
5% NAV ($/sh) $15.09
8% NAV ($/sh) $11.45
12% NAV ($/sh) $8.34
Mercator/Bahuerachi 2008 2009 2010 2011 2012 2013 2014
Cu Production (MM lbs) 31.3 52.1 61.1 246.4 216.1 247.8 250.7
Mo Production (MM lbs) 1.6 7.4 11.0 16.4 12.1 12.1 13.3
Revenue (MM $) $134 $303 $367 $1,107 $1,140 $1,028 $934
Operating Costs (MM $) $34 $104 $142 $501 $531 $507 $430
EBITDA (MM $) $92 $190 $215 $597 $599 $511 $494
EPS ($/sh) $0.69 $1.14 $0.85 $3.45 $3.39 $2.84 $2.82
CFPS ($/sh) $0.76 $1.44 $1.29 $4.70 $4.65 $3.97 $3.84
5% NAV ($/sh) $22.67
8% NAV ($/sh) $16.67
12% NAV ($/sh) $14.25
Source: Mercator, Orion Securities
We also note that the proposed deal has little impact on moly leverage for Mercator. While molybdenum’s relative contribution to revenue and cash flow would decline significantly with the Tyler deal, the molybdenum exposure – defined in terms of annual pounds of moly per share – remains virtually unchanged using our preliminary assumptions (Exhibit 6).
Exhibit 6. Copper and Molybdenum Production Per Share
Metal/Sh 2008 2009 2010 2011 2012 2013
Current ML Cu lb/sh 0.37 0.61 0.70 0.68 0.47 0.74
New ML Cu lb/sh 0.31 0.50 0.56 2.24 1.96 2.25
Current ML Mo lb/sh 0.02 0.09 0.13 0.16 0.11 0.12
New ML Mo lb/sh 0.02 0.07 0.10 0.15 0.11 0.11
Source: Mercator, Orion Securities
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 6

Strategic Aspects of the Proposed Bid
Mercator consistently indicated that it expected to participate in the ongoing industry consolidation. The question was always whether this would be as predator or prey. We see this move as consistent with this approach. Scheduling at Bahuerachi fits neatly with the Mineral Park development plans. Production at Bahuerachi would be in development as Phase 2 of the Mineral Park expansion is completed. Production from Phase 1 of the Mineral Park expansion (25,000 tpd) is expected to begin in mid-2008, with Phase 2 (50,000 tpd) in Q1/09. At spot metal prices the project is expected to generate a profit of $330 million in 2009 and $450 million in 2010. This should offset a significant part of the Bahuerachi capex requirements.
Risks
Bahuerachi is at a much earlier stage than Mineral Park. Mercator assumes reserve, cost, social/political, and financing risk higher than it currently deals with. The Tyler scoping study was, however, done by well-known consultants very familiar with Mexico; some consultants are shared by the two companies.
Investors in Mercator may have expected a different outcome. We viewed the company as a natural acquisition target, while recognizing events might turn the other way but a catalyst-oriented investor may not like this apparent change in plans.
Mercator in its present form is predominantly a molybdenum play. The metal mix does change as shown in Exhibit 6, but as that exhibit also makes clear – on a per share basis – an investor’s participation in moly prices remains essentially unchanged.
Conclusion
While we were surprised by last week’s announcement, we do believe it was consistent with Mercator’s stated goals. Our preliminary analysis indicates that, while dilutive to EPS and CFPS in the near term, over the long haul an acquisition under the announced terms would be significantly accretive on all key measures.
Investor confusion or unhappiness over this development could impact Mercator’s share price in the near term. The recent history of hostile bids in the mining sector does suggest that a follow-on bid is possible. At today’s closing prices, Tyler is trading at an approximate 10% premium to the Mercator bid, suggesting investors do anticipate a “bump”.
The desire of Mercator management to make this a friendly deal makes such a move on their part likely.
With or without Bahuerachi, we feel Mercator offers good value, and we maintain our Overweight rating and our C$11.50 target. We would continue to buy Mercator shares at these levels.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 7

ML, TSX – The Details
0 2,000,000 4,000,000 6,000,000 8,000,000
10/22/2004 1/21/2005 4/22/2005 7/22/2005 10/21/2005
1/20/2006 4/21/2006 7/21/2006 10/20/2006 1/19/2007
4/20/2007 7/20/2007 10/19/2007
Volume $-
$2.00 $4.00 $6.00 $8.00 $10.00 $12.00
Share Price (C$)

Financial Summary (all values in US$ unless otherwise noted)
Y/E Dec. 31 2007 E 2008 E 2009 E 2010 E 2011 E
Molybdenum Price $28.00 $25.00 $22.50 $20.00 $16.00
Copper Price $3.10 $2.95 $2.50 $2.25 $2.00
Production 0.0 1.6 7.4 11.0 14.0
Cash Cost $0.00 ($37.00) ($4.33) ($0.83) $0.46
Total Cost $0.00 ($36.10) ($3.43) $0.07 $1.36
EPS $0.07 $0.92 $1.84 $1.66 $1.60
P/E n/a 9.8 4.9 5.4 5.6
CFPS $0.07 $0.94 $1.91 $1.77 $1.75
P/CF n/a 9.6 4.7 5.1 5.1
EBITDA 19.3 94.3 193.1 222.7 211.7
EV/EBITDA 40.6 8.0 3.2 2.2 1.7
Share Statistics
(all values in US$ unless otherwise noted)
12-Month High–Low: C$10.21–C$1.900
Average Volume: 775,186
Current Book Value: $51.7 million
Shares O/S Basic: 73.6 million
F.D.: 85.2 million
Market Cap: $636 million
Float: 66.3 million
Float Value: $595 million
Index Member: N/A
Full Report Issued: September 24, 2007
Company Profile
Mercator Minerals owns and operates the Mineral Park copper/moly mine in northwestern Arizona. The mine is currently a modest copper producer with an open-pit mine and a dump leach-SX/EW processing facility. Current production is approximately 1 million lb/month with costs in the $1.00/lb range. We believe Mercator shares will appreciate as the startup of the Mineral Park expansion approaches in mid-2008.
Our model suggests cash flows will grow to $1.91/share in 2009 and $1.77/share in 2010 as the mine reaches its 50,000 tpd design rate.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 8
Disclaimers
The primary analyst for Mercator Minerals Ltd. has visited its material operations and development assets within the past year. The company has furnished local transportation and accommodations as part of these site visits.
Orion’s Research Distribution Policy is to allow all clients that are entitled to have equal access to our research.
This report is based on information available to the public. Information presented, while obtained from sources we believe to be reliable, is not guaranteed either as to accuracy or completeness. Estimates and projections contained herein are Orion Securities Inc.’s (Orion) own or obtained from our consultants. This report is not an offer to buy or sell or a solicitation of an offer to buy or sell the securities mentioned herein. This research material is approved by Orion. Where this document is used within the United Kingdom, it is issued by Orion, which is authorized and regulated by the Financial Services Authority (FSA). The designated investments or designated investment services communicated are only directed to Market Counterparties and Intermediate Customers as defined by FSA. Any other persons, such as private customers, should not rely on this document. If you have any doubt about the suitability of any designated investment(s) or designated investment service(s) which is/are the subject of this material, you should contact your financial adviser. Orion Securities (USA) Inc. accepts responsibility for the contents of this report in the United States and U.S. persons receiving this report and wishing to effect a transaction in any security described herein should do so with Orion Securities (USA) Inc. Orion Securities Inc., Orion Securities (USA) Inc. and their respective officers and directors have, or may have, a position or holding in, or may effect transactions in the investments concerned, or related investments, and may be providing, or may have provided within the last two years, significant advice or investment services in relation to the investments concerned or related investments.
Copyright Orion Securities Inc. under the Berne Convention. All rights reserved. No part of the publication may be reproduced without the written permission of the publishers.
Printed in Canada.
Industry Rating Definition
Overweight Analyst expects performance of their industry coverage universe to beat the TSX benchmark over the next 12 to 18 months.
Equal Weight Analyst expects performance of their industry coverage universe to be in line with TSX benchmark over the next 12 to 18 months.
Underweight Analyst expects performance of their industry coverage universe to lag the TSX benchmark over the next 12 to 18 months.
Company Rating
Overweight The stock’s total return is expected to exceed the average total return of the analyst’s (or industry team’s) coverage universe, on a risk-adjusted basis, over the next 12 to 18 months.
Equal Weight The stock’s total return is expected to be in line with the average total return of the analyst’s (or industry team’s) coverage universe on a riskadjusted basis, over the next 12 to 18 months.
Underweight The stock’s total return is expected to be below the average total return of the analyst’s (or industry team’s) coverage universe, on a risk-adjusted basis, over the next 12 to 18 months.
Speculative Analysts will use a speculative risk rating where the company faces unusually high business or financial risk.
Note: All ratings assume equal-weighted stocks in a portfolio. TSX benchmark total return is assumed at annualized rate of 8% to 10%.

[Asynchronmaschine]

fast 10
ziel 20, 30, 40
eine Perle

[xacus]

Antwort auf Beitrag Nr.: 32.155.283 von Asynchronmaschine am 25.10.07 21:57:08

schöner kaufdruck heute... es werden demnächst zahlen erwartet!

[Vinyard]

bin gespannt wo uns mercator noch hinführt.......

[fisch29]

Antwort auf Beitrag Nr.: 32.194.235 von Vinyard am 29.10.07 19:40:33

So wie es aussieht leider nicht so schnell über die 10 Cad.

[bmann025]

Antwort auf Beitrag Nr.: 32.194.275 von fisch29 am 29.10.07 19:43:00

[Asynchronmaschine]

schluss
10
ATH

[Schorsch°]

Wie ist Eure Meinung, kann man noch auf diesem Niveau kaufen? Die Bewertung zu anderen Firmen?

[Asynchronmaschine]

ziel 30 can dollar
wenn die rohstoffpreise mitspielen
unter 50 aber nicht ans verkaufen denken

[RudiXXX]

Antwort auf Beitrag Nr.: 32.199.806 von Schorsch° am 30.10.07 10:23:49

Also 30CAD erst in Frühjahr 2009, aber >20CAD wenn die erste Moly-Produktion im Frühjahr 2008 verkauft ist. (Ende,Juli Q2-Ergebnisse)

Ich seh das realistischer, und auch das würde mir reichen um einzusteigen. alles unter 10CAD, aber nicht alles auf einmal, sondern günstige Einstiegstage suchen. Heute war ein günstiger Einstiegstag.

Wenns besser kommt, schadet es nicht.
Und den Übernahmeversuch werte ich eher positiv, wenn sie nicht signifikant mehr bezahlen. Zink wird wohl nicht der Renner in den nächsten Jahren. Aber Kupfer, Gold und Silber schon

[Asynchronmaschine]

[Asynchronmaschine]

Scotia hikes moly share targets
Leonard Zehr, today Oct. 31, at 2:12 PM EDT
The sweet smell of molybdenum has Scotia Capital revising the supply-demand outlook for the metal and brightening 2009 and 2010 price forecasts to include a probability weighting for new mines.
While there is no impact on the forecast long-term price of $12 (U.S.) a pound, effective in 2015, analyst Lawrence Smith is raising the average price forecast to $19.67 from $17.50, covering the stretch from 2009 to 2014.
As a result, he pushed up price targets for General Moly Inc., to $11 from $9.50; for Thompson Creek Metals Co. to $27.50 (Canadian) from $24; and for Moly Mines Ltd. to $4.25 from $4.
Among other things, he predicts close to a balanced market in 2009, compared with a previous surplus forecast of 7.7 million pounds, and a surplus of 17.9 million pounds in 2010, compared with a surplus of 35.4 million pounds earlier.
The supply-demand outlook for molybdenum had assumed that new projects would contribute some 25 million pounds of production in 2009 and 65 million pounds in 2010. Now, he has reduced the forecast of new supply by about 30 per cent in both 2009 and 2010, citing probable delays to start and ramp up production.

[fisch29]

beeindruckende stärke heute bei ml

[Asynchronmaschine]

Is It Molybdenum Supply or Demand in the News?

There seems to be a definite pattern, among financial analysts who study commodity natural resources, in the way they organize and look at the data; the pattern manifests itself as a tendency to emphasize supply or demand but not both, in the same analysis, as a key driver of price. Molybdenum is rapidly becoming a resource of interest to financial analysts who normally follow and report on only exchange traded metals, but their habit of preferring to concentrate on either supply or demand to the exclusion of the other continues. Excuse the pun but this segregated approach seems to me to be fundamentally flawed.

An easy response to my comment above would be to say that it is trivial; that an analysis of the supply situation of a natural resource must be focused on its prospectors, developers and primary producers (e.g., miners or oil, coal or gas producers) for the purpose of giving advice to those who invest in the shares of companies that do some or all of those things.

The same responder will say that it is only end-users who create and thus care about the cumulative demand for a natural resource, and analysts who follow such end-users rarely make recommendations to buy, hold or sell based on how the end-user manages his interactions with the raw material supply market.

I would say to this responder that he has now completely identified the problem; he knows what analysts do. The problem is that their myopic approach is the problem. They need to look at what determines how demand modifies supply, because it is not a simple inverse relationship.

American B-schools teach that the most important factor affected by inventories at a manufacturing company is return on investment (ROI). Since this ROI is a key figure used by financial analysts in making their recommendations to investors it has become the norm for American heavy manufacturing companies to focus on having no inventory of raw materials, and to shift the burden of doing so to suppliers who are required to deliver their products just-in-time. We are told that our manufacturers learned this behaviour from the Japanese who developed this strategy while rebuilding their industrial base after World War II. It is often overlooked that this strategy was developed in a capital poor, resource poor environment and that from the very beginning the Japanese did not apply this strategy to raw materials.

I have discussed on RI before the idea that end-users would like there to be an exchange traded molybdenum contract so that they could manage the risk of price volatility of molybdenum. Producers say they would also like there to be such a contract but they mean this only for the single purpose of raising capital for development or expansion through predictable pricing, because, in fact, the existence of such a contract (market) would mean that there would need to be warehouse stocks the volumes of which were openly known. This transparency would make it difficult for a producer or a speculator to squeeze the market through a shutdown caused by an ‘accident’ or a strike or by accumulating material secretly and withholding it from the market causing a ‘supply deficit.’ I say difficult, not impossible, but in any case more difficult than such behaviours are today.

The social cultures of resource poor Japan and Korea as well as that of resource, not-so-poor yet not rich, China have it in common that they value planning for the long term and all believe strongly that the government, whatever its social or economic form, has a duty to absorb some of the financial risks involved in operating even a privately owned industrial business venture, because all three nations believe strongly that the maintenance of high employment is more important than allowing the operations of a free market to affect employment adversely.

American politicians who are populists, no matter what their party label, pander to the same instinct in our society, but our economic system is not as receptive to saving and long term planning as those of Asia.

All three Asian economies mentioned have companies which are lionized by the American business press as role models for free market capitalists to emulate, but which in fact have government support and underpinning as well as underwriting for some of their most basic needs such as the maintaining of a stockpile of strategic and critical natural resources so that an accident or a market squeeze, natural or human engineered, cannot shut an industry down.

The one commodity that the Asian economies do not have in abundance is technical innovation in mining, smelting, and refining; they are late to this game in which America is the world leader. The best mining schools in the world are in places with names that include Colorado, Arizona, Montana and Michigan. American companies that try to outsource mining engineering jobs from Asia most often find, to their chagrin, that the applicants have come here first for education and training before returning to Mumbai, Shanghai, Seoul, and Tokyo.

If you just look at the most current U.S. Geological Survey (USGS) monthly report on molybdenum you will find some very interesting numbers. The U.S. produced 60,000 tonnes of molybdenum from domestic mining operations in 2006. Seventy five percent of the molybdenum used in this country in 2006 went into the production of specialty steels. The U.S. produced 80 million tonnes of steel in 2006. China in 2006 produced 40,000 tonnes of molybdenum from domestic mines, and it produced more than 400 million tonnes of steel.

Therefore, America used more molybdenum to produce specialty steels than China produced molybdenum in total in 2006. Its good to know that the country in which ‘stainless’ steel and high strength steels were invented, stainless steel as recently as 1919, is still leading the world in the production and the utilization for innovative purposes of the most technologically advanced steels. A great number of those innovations, moreover, are based on properties developed through the study molybdenum alloying chemistry and metallurgy.

For example, America domestically is building more pipelines for the transmission of oil and gas than any other single country on earth. True some of these pipelines originate in Canada, or Mexico, or even farther out, but I am counting them as American if they terminate in the U.S. and are financed by American companies. These pipelines are dependent for meeting their technical specifications for transporting, at a wide range of temperatures, more and more corrosive grades of oil and gas on the properties of molybdenum as an alloying element in steel, specialty welding alloys, and on molybdenum compounds used as corrosion and heat resistant lubricants.

Molybdenum alloy steels have been developed and are now also being used to retrofit America’s electric power plants which use steam or gas driven turbines, particularly nuclear plants, to resist corrosion and ‘creep,’ the permanent deformation of metal components under long term high temperature operations, as well as to resist corrosion and cracking in cooling systems which must be treated to resist microbial growth or salt water. Significantly advances in molybdenum alloying of steel have also improved, and in some cases even made possible, the use of exotic, much more efficient, coolants such as molten lead or molten salts for the design of future power plants running at efficiency-producing higher temperatures.

Flying under almost all analysts’ radars is the fact that the design of the storage vessels for nuclear waste which will be needed ultimately for presently existing waste to be placed in the national repository at Yucca Flats, Nevada, which is now scheduled to be opened, in 2017, calls for around 17,000 tonnes of molybdenum.

Now, multiply the above mostly future demand for molybdenum, for pipelines around the world; for retrofitting power plants around the world; and for storing nuclear waste from nuclear plants around the world by a factor of as much as five, because, just as an example, the new 20,000 miles of pipeline construction in the U.S., using at least one ton of molybdenum per mile, is only 20% of the world’s currently planned pipeline construction and you get what could be literally and insatiable demand for molybdenum for the foreseeable future.

Did I mention that the rapidly increasing focus on deep sea drilling for oil requires molybdenum alloy steel for the pipes, the pumps, the drill bits, and the construction of both the drilling and the permanent deep sea platform?

I got the above information about molybdenum demand drivers and much more from a comprehensive study called “Expanded Uses of Molybdenum in the Energy Industry,” which is posted on and downloadable from the website of the Thompson Creek Mining Company. This is the single best narrowly focused yet detailed study of a metal’s demand that I have ever read. The author, Mr. Denis Battrum, was a purchasing manager for a very large privately owned commodity company and then for a large privately owned steel specialty producer before he became a market research provider. I don’t know Mr. Battrum, but I can tell you that he knows more about molybdenum’s end uses in the energy sector of the global economy than any person with a purchasing background in heavy industry who I have ever met, with one exception.

This brings me now to another recent molybdenum report by financial analysts. This one, which bills itself as a molybdenum market study, is entitled “The Sustainablilty of Recent Molybdenum Prices.” I was only able to obtain a four page “Molybdenum Report Summary” from its issuing entity, CPM Group which, its letterhead describes as a “Commodities Research, Consulting, Asset Management & Investment Banking” concern. I was not able to obtain a copy of the full report, because that is for purchase only, and is $35,000.00 a copy, which, to be fair, is not a great deal as reports by financial analysts based in New York City go.

The summary I received contains some ambiguous statements where certainty, which is available easily, would have made the conclusions much stronger. It says, for example, that “the majority, historically, roughly 60%, of the world’s molybdenum supplies come from copper deposits…where molybdenum is produced as a copper byproduct.” It at least does not add that Chinese deposits are almost all contained in primary molybdenum mines or that remaining global reserves of molybdenum are nearly 75% contained in primary copper deposits.

The report also contains some (mining engineering wise) statements, such as “This type of specialty mining, exploiting higher grades and higher prices, is not sustainable throughout the life of a mine.” It seems to me that outside of New York City, it is well known that high-grading is not sustainable, and there is in fact a, yet to be seen, serious discussion of high-grading to be had when discussing molybdenum recovery as a byproduct of copper mining as opposed to discussing the issue with regard to primary molybdenum mining.

The summary of the CPM Group report has a demand outlook section that begins one paragraph with the sentence “Steel is a malleable alloy of iron and carbon.” Really? I was sure until I read that sentence that malleability was not a property of steel at ordinary temperatures. I’m still sure that I’m right, and as in giving credence to testimony in a court of law it is the credibility of the summary that has been put into question for me by ambiguous and just plain wrong statements. I can’t resist one more example. The CPM Report summary starts a paragraph in the “Other Molybdenum Applications” section with a sentence, the first clause of which is, “A superalloy is an alloy that has high temperature qualities....” The writer should be saying that, “A superalloy is an alloy that has high temperature strength.”

I do agree with the conclusion of CPM group as stated in the summary that the price of molybdenum “[will] remain strong over the next ten years, above previous historical averages.” But I sure hope that the ‘facts’ and conclusions cited in the summary are not the only basis upon which CPM Group reached that conclusion.

I’ve reached my own conclusions from everything that I have learned through my education, work experience and ongoing study of metals and their markets during my business life over the last 45 years. I must say that this includes many articles I have read on Resource Investor and many presentations I have heard such as the one by Mr. Ivan Herring at the last IIC Hard Assets Conference in Las Vegas.

American technological innovation is our single most valuable metallurgical resource. We know more about mining, smelting, refining and fabricating metals than any other industrial society on earth.

Some of our narrowly focused financially inept businessmen and politicians value our innovation at zero and try to give it away to buy a short time cycle competitive advantage in low labour costs from a a technology starved, yet, apparently unknown to these same ‘businessmen,’ very hungry country such as China, which will agree to any terms at first just to get the technology, which is their totalitarian government’s primary interest in allowing their ‘businessmen’ to do ‘business’ with us.

So far, interestingly enough for molybdenum mavens, China has been unsuccessful in gaining, for example, America’s best-in-class deep sea oil drilling and oil recovery technology. CNOOC, the state owned Chinese national oil company, tried to buy Occidental Petroleum last year mainly to get its deep-sea drilling technology, but also to get Molycorp’s primary molybdenum mining properties in the American southwest. The Chinese knew what American financial analysts do not that molybdenum is essential to the future of deep sea drilling, which is the last great frontier for as yet undiscovered reserves of petroleum.

If just some of the uses detailed in the demand report cited above come into being and supply grows even by all of the projections , which I have seen and which total about 65,000 mt of new and additional molybdenum production by 2012 then the price of molybdenum could go through the roof in the next decade to the point where ores and processes that are marginal today could come into production even with current technology, notwithstanding the hope that innovations may occur that will make even lower grade ores, than are considered today ,become economical.

We are entering into a great era for North American molybdenum mining if only we can overcome mindless environmental activism, and we can convince the U.S. government, private industry and Wall Street that a strategic reserve of molybdenum needs to be created and underwritten by Federal guarantees but managed by private industry because its turnover will need to be ready at a moment’s notice to dampen adverse market conditions, and speed is not a property of democratic institutions. There is no other way to stop jobs and technology from being sold out to countries that have hard currencies based on productive natural resources such as the U.S. dollar was and could be again.

[Asynchronmaschine]

gerade läuft drüben der kampf um die 10

selbst nach dem lauf
kgv 2010 bei
2,5
wenn die rohstoffpreise halten

was für eine perle
sehr lustig zu sehen
das niemand ml auf der rechnung hat

[danatbank]

Ich weiß gar nicht, was die TYS-Aktionäre im stockhouse-board sich so anstellen. 60% Aufschlag ist keine low-ball offer/stink bid, dafür ist z.B. Lundin zuständig wie bei den -3% für Eurozinc oder den 5% bei Rio Narcea. Niedrige Ressourcenbewertungen sind keine Seltenheit, sondern die Regel bei so niedriggradigen Basismetallagerstätten, von denen (anders als bei Gold/Öl) es zumindest für die nächsten 5-10 Jahre weltweit genug gibt.

[Zockempire]

Was mir an der Übernahme gefällt, ist das Tyler -wenn erstmal gebaut- auch im Falle niedriger Rohstoffpreise profitabel sein würde.

Ein Payback von dann ca. 4 Jahren ist kein schlechtes Investment.

ML wird schon wissen, was sie tun.

Allerdings gebe ich Danat Recht, dass hier nicht viel mehr gezahlt werden sollte...

[Asynchronmaschine]

sieht nach eröffnung
> 10
aus

[Asynchronmaschine]

über 10 eröffnet
jetzt
10,24

[Asynchronmaschine]

Mercator corporate and construction updates

VANCOUVER, Nov 06, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
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.

About Mercator Minerals Ltd.

Mercator has 100% ownership of, and is the operator of, the Mineral Park mine in Arizona. The corporate strategy focuses on maximizing the production potential of the Mineral Park copper-molybdenum deposit, and growth through mergers and acquisitions. The Mineral Park mine currently produces 12 million pounds of copper per year from its SXEW operation, and is cash flowing approximately US$2 million per month at current metal prices. The Company is undertaking a two phase expansion that is expected to see average annual metal production of approximately over the first 10 years from Mineral Park of approximately 56.4 million pounds of copper, 10.3 million pounds of molybdenum and 600,000 ounces of silver. The Company is well-financed with sufficient proceeds to complete the Mineral Park expansion. Recently Mercator announced its intention to purchase the shares of Tyler Resources Inc. If successful, the combined assets will create a significant base metal producer with expanding copper production, the second largest molybdenum production in North America and a substantial pipeline of base metal production projects that the Company expects to finance largely from free cash flow.

[Asynchronmaschine]

10,45

[Asynchronmaschine]

Tageshoch
und ATH
10,52

[fisch29]

Antwort auf Beitrag Nr.: 32.316.545 von Asynchronmaschine am 06.11.07 22:03:29

Wow, Klasse! TCM läuft aber auch Super!

Wo bist du eigentlich noch investiert ausser bei Roca?

[Asynchronmaschine]

u.a.
Equinox Minerals
Dragon Oil
.
.
.

[fisch29]

Antwort auf Beitrag Nr.: 32.316.726 von Asynchronmaschine am 06.11.07 22:11:42

Da hast du ja ne super Performance

Ich hab ne Mischung aus Explorern und Produzenten.

[Asynchronmaschine]

meine datenbank sagt
q3 zahlen kamen letztes jahr am 11.11.

heute wohl keine mehr
dann halt nächste woche
long term stimmt die richtung
30, 40, 50

[RudiXXX]

Antwort auf Beitrag Nr.: 32.360.309 von Asynchronmaschine am 09.11.07 13:16:49

ich rechne damit, das sie sicher die nächste Woche kommen.
Die Produktionsszahlen waren auf Recordhoch. Allerdings bleibt wohl ein niedrigerer VK_Preis.
Doch es ist der mögliche Ausblick der zählt.
Hoffentlich schicken sie M. Surrat vor dem Konferenzcall noch mal zu einem Rethoriktrainer, das er das Ding nicht wieder so versaut wie bei BNN.
Ich will sowas hören wie vorhin bei TCM.

[Asynchronmaschine]

CALGARY, Alberta, November 12, 2007 - Tyler Resources Inc. (TSX-V:TYS) ("Tyler" or the "Company") understands that on November 9, 2007 Mercator Minerals Ltd. ("Mercator") formally commenced an unsolicited offer to purchase all of the issued and outstanding common shares of Tyler on the basis of 0.113 of a Mercator common share for each Tyler common share.
Based on the closing price of Mercator common shares on the Toronto Stock Exchange on November 9, 2007, the unsolicited Mercator offer is equivalent to $1.09 per Tyler common share.
Tyler's Board of Directors (the "Board"), based on the advice and recommendations of its Special Committee of independent directors, unanimously recommends that Tyler shareholders REJECT the Mercator unsolicited takeover bid and NOT tender their shares to the offer. The Board has based its recommendation on a number of factors, including that:
• The Mercator offer significantly undervalues the Bahuerachi deposit and is a clear attempt to acquire Tyler before Tyler shareholders can realize the full value for their shares as the Company increases the resource base at Bahuerachi and moves towards the higher valuation typically seen for companies as they advance closer to feasibility, development and production;
• Tyler has been approached by, and has initiated contact with, other parties who have expressed an interest in pursuing potential alternative transactions that may provide superior value to Tyler shareholders;
• The terms of the offer are substantially lower than an offer Mercator made to the Company on October 5, 2007, which contemplated an offer of $1.25 for each Tyler common share implying an exchange ratio of 0.1437 on October 5, 2007, and which Tyler viewed as inadequate and allowed to expire on October 10, 2007.
Following further review, consideration and evaluation of the offer in consultation with its legal and financial advisors, Tyler's Board of Directors will issue and file with Canadian securities commissions a Directors' Circular that will contain important information. Shareholders are urged to read the Directors' Circular in its entirety once it is made available, including the Board of Directors' formal recommendation regarding the offer.
Tyler's Special Committee of independent directors has engaged CIBC World Markets as financial advisor and Burnet, Duckworth & Palmer LLP as legal counsel. The Special Committee, with the assistance of its financial and legal advisors, is considering all possible strategic alternatives available to Tyler to maximize shareholder value including any competing offers it may receive.
Company Statements
Alan Craven, Chairman of the Special Committee said, "We believe Mercator's previous offer significantly undervalued Tyler. This new unsolicited offer is worse. Tyler shareholders own 100% of a world-class asset in the Bahuerachi deposit and emerging mineral district. Mercator's opportunistic offer is inadequate as it fails to recognize Tyler's future growth profile based on the remaining deposit expansion potential and strong discovery potential at Bahuerachi."
.....

[Asynchronmaschine]

Mr. Michael Surratt reports
MERCATOR MINERALS FILES FORMAL BID FOR TYLER RESOURCES

Mercator Minerals Ltd. has mailed its offering circular and related documents to Tyler shareholders and has filed with securities regulators in Canada its formal offer for all of the outstanding common shares of Tyler Resources Inc. The offer to Tyler shareholders will remain open until 8 p.m. (Toronto time) on Dec. 17, 2007, unless the offer is withdrawn or extended by Mercator. Under the terms of the offer, Tyler shareholders will be entitled to receive 0.113 Mercator common share for each Tyler common share tendered and taken up by Mercator.



Based on Mercator's closing share price of $9.80 on Oct. 18, 2007, the day prior to announcing the intention to make an offer, the share consideration represents a premium of approximately 50 per cent over Tyler's closing share price on Oct. 18, 2007, and over Tyler's volume weighted average share price on the TSX Venture Exchange for the 20 trading days ended Oct. 18, 2007.



Commenting on the transaction, Mike Surratt, president and chief executive officer of Mercator, said: "We believe the proposed combination makes tremendous geographic and strategic sense and is a creative way to unlock value for all shareholders involved. Mercator's highly experienced development, financing and operations teams have the capability to realize and maximize the potential value of the Bahuerachi project. Given current economic forecasts, the Mineral Park mine is expected to generate sufficient cash to finance the construction of most of Bahuerachi project with little or no additional equity issuance."



The prospect for development of Bahuerachi subsequent to Mineral Park, with little or no equity, sets the stage for a new mid tier base metal producer with growing resource and production base."



The proposed combination of Mercator and Tyler would offer the following direct and immediate benefits and opportunities to Tyler's existing shareholders:





A significant increase in share price, based on the offered exchange ratio of 0.113;

Exposure to current copper production and cash flow from Mineral Park;

Participation in the forecast rapid growth in molybdenum and copper production at Mineral Park;

Exposure to a highly experienced mine financing and mine building team;

Reduced risk in the development, financing and construction of Bahuerachi;

The potential for development of Bahuerachi with little or no equity dilution.


Furthermore, the combined entity would become a rapidly growing mid-tier base metals producer, while having:





Well structured and financed company;

Full-scale production of molybdenum and copper at Mercator's Mineral Park project by 2009;

Attractive resource base to underpin growth;

Experienced corporate and operational management.


To complete the transaction, Mercator would issue approximately 15 million new common shares to Tyler shareholders, assuming all of the outstanding shares of Tyler are tendered and assuming the conversion or exercise only of the currently outstanding options, warrants or other convertible securities of Tyler. On an issued basis, the pro rata shareholdings are anticipated to be approximately: 83 per cent existing Mercator shareholders and 17 per cent existing Tyler shareholders.



The bid is subject to a number of conditions, including without limitation absence of adverse material changes, receipt of all necessary regulatory approvals and a minimum of 66-2/3 per cent of Tyler shares (on a fully diluted basis) being tendered.



Tyler's shareholders are strongly encouraged to read the terms and conditions of our offer and the additional information in the offer and circular mailed on Nov. 9, 2007, and filed on SEDAR.



Jennings Capital Inc. is acting as financial adviser to Mercator.

[Asynchronmaschine]

Molybdenum prices could break a record in 2008
Supply expected to slide while demand is growing
Molybdenum prices could rise in 2008 back or above 2005 levels as buyers cope with 5% less output while demand is rising 4%--thus widening a supply deficit that already has boosted spot prices by 20% this year. Molybdenum, a steel-strengthening alloy metal, averaged a record high $32/lb in 2005, $25 in 2006 and has been averaging $30 so far this year.
Market reports now suggest that moly could cost in a range of $32 to $36 next year. That’s because various market analyses suggest global production will slide by 20 million pounds next year—due to slippage from Kennecott Utah Copper of the U.S. and Codelco of Chile. Atop that, China is expected to reduce exports of the metal to better supply its own steel industry. These supply cutbacks won’t totally be offset by increased output at Thompson Creek Metals of the U.S.
Upshot: UBS Securities analyst Brian MacArthur writes in a research note that he “continues to expect prices to remain well supported over the next couple of years given strong steel related demand and production constraints related to Chinese production problems and export regulation.”

[Asynchronmaschine]

Moly Market Analysis

Molybdenum is mainly used as an alloy to strengthen iron and steel, increasing the melting point and enhancing resistance to corrosion. It is a vital component in the making of stainless steel and oil and gas pipelines. China’s growth is expected to keep demand for both at record high levels.

Statistics from the U.S. Geological Survey show world-wide molybdenum consumption at an apparent 44,500 tonnes (although reported figures are only 19,300 tonnes). Consumption has increased 25% since 2005 and 84% since 2004. On the supply side, mine production came in at 60,500 tonnes last year, up only 2,500 from 2005.

Source: Roskill Information Services

About 60% of molybdenum production is a byproduct of copper mining, with only five major producers: Kennecott (owned by Rio Tinto [NYSE:RTP]), Grupo Mexico (state-owned), Codelco (Brazilian state-owned) and Phelps Dodge (now Freeport McMoRan [NYSE:FCX]) and Thompson Creek.

Ivan Herring, a consultant on industrial metal sourcing and associated risk management for end users, told listeners at this year’s Hard Assets Conference in Las Vegas that a supply crisis could be on the horizon unless new mines are brought on rapidly.

He said current demand is strong and that the expansion of uses for molybdenum may cause even the current high demand to increase substantially in the near term. Therefore, any disruption in the supply, such as Thompson Creek’s reduced production, could create a market squeeze.

Molybdenum is currently priced at $32.50/lb. In 2007, the molybdenum price has held firm in the $25-$32 range, well above the 2006 average price of around $25/lb.

[Asynchronmaschine]

Mercator Reports Third Quarter Results
TRADING SYMBOL: TSX - ML
(Stated in US Dollars unless otherwise indicated)
VANCOUVER,
Nov. 15 /CNW/ - Mercator Minerals Ltd. announced the filing and
dissemination of the unaudited consolidated financial statements for
the period ended September 30, 2007.
<<
Financial Highlights for the Three Months ended September 30, 2007

- Copper production of 3,093,615 pounds for the three month period
ended September 30, 2007, compared to 2,699,646 pounds for the
corresponding three months in 2006;
- Gross revenues for the three month period ended September 30, 2007 of
$10,593,092 compared to $9,864,737 for the corresponding period in
2006;
- Income from Operations for the quarter was $5,271,001 compared with
$6,630,972 for the corresponding period in 2006;
- Earnings before interest, taxes, depreciation and amortization
("EBITDA") for the period was $7.86 million compared to $5.43 million
for the third quarter of 2006;
- Average realized price for copper sales during the period was
$3.36 per pound compared to $3.53 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 September 30, 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.

Mercator Minerals Ltd.

Mercator
is a copper producer that owns and operates the Mineral Park copper
mine in Arizona, with a corporate strategy focused on maximizing the
production potential of the Mineral Park copper-molybdenum deposit and
growing through mergers and acquisitions. The Company has filed a
technical report dated December 29, 2006, supporting the expansion of
its Mineral Park copper-molybdenum mine into a 25,000 tpd operation
(Phase I) and a 50,000 tpd operation (Phase II). At full capacity,
expected to be reached mid 2009, 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
600,000 ounces of silver.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

[Asynchronmaschine]

TCM thread 23.000 gelesen
nicht im letzten jahr oder monat
nein
heute
und was ist hier los
wie führen die rangliste der produzenten an
in paar wochen
die vernachlässige ich jetzt mal
sind wir auch produzent
und keiner kennt uns
verrückte welt

[Bulko]

Antwort auf Beitrag Nr.: 32.445.479 von Asynchronmaschine am 15.11.07 22:29:06

Das wundert mich auch, namentlich das äußerst spärliche Handelsvolumen in D. Das Smart-Money wittert doch sonst auch Gewinnchancen 3 Meilen gegen den Wind!!

[Asynchronmaschine]

Molybdenum Heading for Shortages in 2008
Growing demand from the stainless steel industry and static world production could lead to shortages of molybdenum in 2008, George Song of Shanxiang Minmetals told delegates at the MB Ferro-alloys conference in Monte Carlo.
Song predicted that the supply of molybdenum in 2007 will be 430.29 million lbs of Mo virtually unchanged from the previous year’s figure of 428.61 million lbs, demand will be increased from 439 million lbs to 455 million lbs in 2007, leaving a potential supply deficit of 24.71 million lbs.
Supply of molybdenum to the market has been reduced because of falling output in major producing countries as ore grades decline and mines age. In the U.S, production of molybdenum is expected to be around 128.5 million lbs in 2007 — a decrease of 3.6% compared to 2006 and in Chile production will be around 91.16 million lbs in 2007 — a decrease of 3.74% over 2006.
Demand for molybdenum remains strong from most sectors including the stainless steel industry, special steels, super alloys and catalysts. The stainless steel sector is one of the main drivers for molybdenum demand, and in 2007 Song estimates that 139.2 million pounds of molybdenum will be consumed to produce 28.7 million tonnes of stainless.
The supply deficit illustrates why the molybdenum market has been tight and prices firm this year. Song believes that the deficit will be made up partly by recycled material, mainly from stainless scrap but also from catalysts.
Demand is expected to maintain strong growth of 5-6% annually from 2008 onwards, and Song warned that unless there is an increase in western production before new mines start to come on stream in 2010 then supply will struggle to keep up with demand. The market can’t rely on Chinese exports either, as the introduction of quotas and export taxes to protect China’s resources will result in China’s role as an important supplier diminishing. In addition roasting capacity in China will not be available leading to a need for more western capacity and potential bottlenecks as we saw a couple of years ago, as a consequence the molybdenum market is likely to become more volatile over the next few years.

[Punicamelon]

super Thread, super Aktie!

Lesezeichen

[Asynchronmaschine]

top wert
völlig unbekannt
könnte sich demnächst aber ändern

[Asynchronmaschine]

ohne worte

[Asynchronmaschine]

unfassbar
wir sehen hier umsätze
das jemand diese perle anfässt
unglaublich

[Asynchronmaschine]

Mercator Responds to Tyler Circular

VANCOUVER, Nov 27, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Mercator Minerals Ltd. ("Mercator") has reviewed the Directors' Circular filed by Tyler Resources Inc. ("Tyler") in response to the offer by Mercator to purchase all of the shares of Tyler and is hereby responding to comments and clarifying certain information made in Tyler's Directors' Circular. Mercator continues to believe that Mercator has presented a strong offer that represents the best combination of low risk/high return opportunities for Tyler's shareholders.

Mercator's Offer

On November 9, 2007, Mercator mailed an offer to all of Tyler shareholders comprised of 0.113 of a Mercator share per Tyler share (the "Offer"). Based on Mercator's closing share price on the Toronto Stock Exchange as of November 23, 2007, the Offer represents a 46% premium to Tyler shareholders relative to the last closing price of Tyler's shares prior to the Offer. The consideration offered is equivalent to $1.03 per Tyler share (almost identical to the $1.04 closing price of Tyler's shares on the TSX Venture Exchange on November 23, 2007).

Rationale for Approach to Tyler

Mercator's initial, friendly, approach to Tyler was made on the basis that the combination of Tyler's Bahuerachi property and Mercator's current and developing copper-molybdenum production, strong balance sheet and proven development team and represented a much lower risk scenario for Tyler than going it alone, while still giving Tyler shareholders a significant premium and considerable exposure to the upside potential of both sets of assets.

Tyler Rejects Offer

Mercator believes that the outright rejection by Tyler's Management and Board of Mercator's earlier "friendly" offer, without due consideration and without bringing the terms of the offer to the attention of Tyler shareholders, did not serve Tyler shareholders well. Mercator elected to make the Offer public so that Tyler's shareholders are provided the opportunity to make their own decision.

Tyler Recommends Rejection; Mercator Responds to Directors' Circular

The Tyler Directors' Circular, filed November 23, 2007, sets out Tyler's response to the Mercator Offer and recommends Tyler shareholders reject the Mercator Offer. However, there are numerous omissions and short comings in the Tyler Directors' Circular that require clarification, including the points set out below:

- The Tyler Preliminary Economic Evaluation ("PEA") published November 8, 2007 states that the Bahuerachi project has an internal rate of return ("IRR") of 16.1% and a net present value ("NPV") of US$216 million (after tax) using an 8% discount rate and a long time copper price of US$1.50/lb. In the Directors' Circular, Tyler uses pre-tax numbers, which is not the norm in the industry and is potentially misleading to Tyler shareholders. - Tyler's Directors' Circular represents the Bahuerachi resources as 524,509,785 tonnes. However, Tyler's own PEA cut those previously disclosed resources in half, to 238,317,000 tonnes. Further, Tyler's reporting of mineral resources is not compliant with National Instrument 43-101. - Tyler's Directors' Circular ignores the fact that the PEA forecasts a capital cost of more than US$619 million, approximately five times Tyler's market capitalization of $119 million at November 23, 2007. - Tyler's Directors' Circular makes reference to two companies to justify possible share price appreciation in the future - Frontera Copper Corp. and Sherwood Copper Corp. Four major differences are worth mentioning: 1. Frontera and Sherwood have seasoned, experienced management and boards of directors that have financed, developed, constructed and operated mining projects. None of Tyler's management or Board have ever financed, developed, constructed or operated a mine. 2. Prior to feasibility, Frontera as well as Sherwood had tight share structures. Frontera had approximately 41.2 million and Sherwood had approximately 39.0 million fully diluted shares outstanding. Frontera currently has approximately 65.9 million and Sherwood currently has approximately 56.8 million fully diluted shares outstanding. The share dilution from pre- financing to current for Frontera was 60% and for Sherwood was 46%. 3. The capital costs for both Frontera's and Sherwood's projects were approximately US$100 million, and Mercator's Phase I Expansion approximately US$127 million as compared to the US $619 million capital estimate for the Bahuerachi project. This difference alone makes the comparison invalid and suggests considerable dilution is likely forthcoming to Tyler's shareholders. 4. In contrast, Tyler has 133.9 million fully diluted shares outstanding and an estimated US$619 million capital expenditure program to be funded. - Given the differences set out above, there is a real possibility that Tyler may never be able to fund the Bahuerachi project. Mercator is not aware of any junior Canadian exploration company, with no development and operating experience and a large number of shares already issued, that has been able to complete a project of this scale.
Mercator recommends that Tyler shareholders tender to the Offer for the following reasons:

- Experience: Mercator has one of the most experienced mining teams in the industry, each of the senior management having over 20 years of mine finance, development, construction and operations experience. Mike Surratt, Mercator's President, has over 25 years of production experience and was responsible for the construction and operation of the Rabbit Creek gold mine and spent over 10 years with Santa Fe Pacific Gold, and was responsible for financing, development and operation of two other significant Canadian mining companies. Mercator's VP of Engineering was the Chief Operating Officer with Frontera Copper and helped guide their Mexican project (Piedres Verde, located only approximately 100 km from Bahuerachi) through feasibility, financing and construction. Mercator's board members also bring significant mining and construction experience; two are Presidents of successful mining companies - Sherwood Copper Corp. and Kingsgate Gold Ltd. - Premium: By accepting the Mercator Offer, Tyler shareholders will lock in the premium to the value of Tyler shares prior to the Offer. Mercator believes that the Mercator Offer is the only apparent reason that Tyler shares are currently trading over $1.00. - Upside: By accepting the Mercator Offer, Tyler shareholders would have immediate benefit to the upside exposure to Mercator's assets just as Mercator is about to substantially increase copper production and add significant molybdenum production (at a time when molybdenum is trading over US$30 per pound). - Reduced Volatility: By accepting the Mercator Offer, Tyler shareholders would move away from the speculative and highly volatile trading patterns typical of junior explorers on the TSX Venture Exchange and into the steady value expansion and growth of a liquid, Toronto Stock Exchange-listed producer. Tyler's shares are currently more than twice as volatile as Mercator's shares. The presence of hedge funds owning 16% or more of Tyler's shares has introduced a substantial risk of increased volatility of the Tyler shares. - Less Dilution: Tyler has 114 million shares issued and outstanding, 134 million on a fully diluted basis, prior to commencing any substantial development expenditure on the Bahuerachi project. Using Tyler's examples of Sherwood and Frontera, the share dilution from pre-financing to current for Frontera was 60% and for Sherwood was 46% for two US$100 million projects. The possibility of dilution for a US$619 million project could be significantly greater compared to these two US$100 million projects. On the other hand, Mercator anticipates that the revenues generated from the expanded Mineral Park operations should be sufficient to develop and construct the Bahuerachi project. - No Alternative Transaction: Tyler has had now over 40 days to pursue an alternative transaction. If, as and when an alternative transaction surfaces, Mercator will respond accordingly. - Attainable Conditions: The Mercator Offer has readily attainable and industry standard conditions. Tyler shareholders should also consider and be informed that: - Mercator's initial friendly offer to Tyler was made at a higher ratio because it was to be friendly and allow detailed due diligence by both companies, contain industry standard outs to Mercator benefit and incorporate deal protection aspects such as break fees, "non-compete", "no shop" and other provisions that could have warranted a higher price for a "friendly" deal. By rejecting Mercator's original offer, Tyler's board and management have reduced the consideration Mercator is willing to pay, given the lack of the aforementioned provisions. - Tyler did not form a Special Committee, nor did they hire financial or legal advisors, to evaluate the initial Mercator offer. That initial offer was turned down without discussion, negotiation or a counter proposal from Tyler. Further, Tyler did not disclose the substantial offer and potentially material event to its shareholders until Mercator announced the Offer publicly. - Having rejected the initial friendly offer and now the Offer, Tyler's board and management seem determined to resist an offer that clearly presents considerable opportunity for and reduced risk to its shareholders, especially given management's lack of experience required to advance the Bahuerachi project to production over the next several years. - The risks outlined by Mercator in its Offer and Circular demonstrate Mercator is willing to openly and plainly disclose to all shareholders the inherent business risks. - The Tyler Directors' Circular discloses a fairness opinion prepared for Tyler by their financial advisors, CIBC World Markets Inc., however, neither the Director's Circular or Tyler's news release discloses any of the assumptions made in that fairness opinion. Conclusion
By tendering to and accepting the Mercator Offer, Tyler shareholders would become shareholders of a cash generating, growing, copper - molybdenum producer, with approximately 100 million shares fully diluted (33 million fewer than Tyler currently has outstanding on a fully diluted basis without even a pre-feasibility study completed). Moreover, Tyler shareholders would enjoy the benefits of an experienced, seasoned management team, a positive cash flowing mining operation, significant near-term increases to copper and molybdenum production, while retaining exposure to the Bahuerachi project that could be developed and built largely from internal cash flow, with limited additional dilution to the combined entity.

Mercator Minerals Ltd.

Mercator is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit and growing through mergers and acquisitions. The Company has filed a technical report dated December 29, 2006, supporting the expansion of its Mineral Park copper-molybdenum mine into a 25,000 tpd operation (Phase I) and a 50,000 tpd operation (Phase II). At full capacity, expected to be reached mid 2009, 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 600,000 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, 2006 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.

CONTACT: Marc LeBlanc, VP Corporate Development and Corporate Secretary, Tel: [phone] or [phone]; Fax: [phone]; Email: [e-mail]

SOURCE Mercator Minerals Ltd.

[Asynchronmaschine]

Molybdenum Production In Western Countries For Jan. - Sep. 2007 Was Unable To Stop Decrease
= Rushed Moly Exports By China Contributed To World Supply
When the quantities of molybdenum in molybdenum concentrates produced by major companies of the western world in January - September of 2007 have been traced, the total output of molybdenum in the first 9 months of 2007 has decreased compared with that in the same period of 2006. The decreased production of molybdenum in concentrates by major producers has come up to the surface at the stage of 2006 and this tendency has been still continuing on a basic tone even in 2007.

The total quantity of molybdenum in molybdenum concentrates produced in North America and South America during January - September of 2007 came to 207.4 million lbs., having decreased by 1.5% compared to that ( 210.4 million lbs. ) in the same period of 2006. It is anticipated that this basic tone to decrease production of molybdenum in concentrates will not change even in the calendar year ( January - December ) of 2007.

Since an information, which the Central Government of China will enforce the regulations for exports of Chinese molybdenum products in the course of 2007, was spread over the market from the beginning of 2007, Chinese suppliers were in a hurry to export more molybdenum products in the first half ( January - June ) of 2007. Namely, the net quantity of molybdenum exported from China ( exports were deducted from imports ) in the first half of 2007 came to 29.12 million lbs., having increased compared with that ( 15.08 million lbs. ) in the same period of 2006, and the net quantity of molybdenum exported from China in January - September of 2007 totaled to 37.4 million lbs., having increased by 36.5% compared to that ( 27.4 million lbs. ) in the same period of 2006.

However, a trend to export more molybdenum from China changed in July - September quarter of 2007 and the net quantity of molybdenum exported from China in the quarter was only 8.28 million lbs., because of the regulations for exports of molybdenum products enforced by Chinese Government from July of 2007. The apparent quantity of molybdenum exported by China in January - September of 2007 came to 51.10 million lbs. and that exported in July - September quarter of 2007 was known to be 13.4 million lbs. by means of deducting 37.7 million lbs. exported from China in the first half ( January - June ) of 2007.

The reason, why the production of molybdenum in concentrates in the western world has inclined to decrease, is due to the decreased production of molybdenum at such major molybdenum producers as Codelco / Chile, Kennecott / USA, Thompson Creek Metals / Canada, Antofagasta / Chile, and so on.

The largest producers of molybdenum - Codelco had an accident of cave-in at open-pit mine occurred in 2006 and, as an aftereffect of this accident, Codelco was driven to decrease their molybdenum production. In 2007, there are many cases to decrease molybdenum production as objective ore-body for mining has faced a lower content of molybdenum in crude ore. Also, strategic reason has been sporadically seen. Namely, copper is a main product for mining companies and, as a sharp rise of copper price has caused a forecast to maintain good profitability, the program for mining is thought to have been changed, because it is supposed that mining companies intend to preserve ore-body, containing high copper, and to mine ore-body, containing low copper, which requires higher mining cost but is still possible to maintain a profitability. This change of mining program is the usual routine applied by mining companies. It is also informed that these mining companies are scheduled to decrease their copper production in 2008.

The companies in the western countries, which increased their molybdenum production in 2007, are Freeport-McMoRan and Southern Peru. These two companies developed new copper mines and commenced to operate these new mines in 2007, resulting in an increase of molybdenum production to be recovered. This trend to increase molybdenum production is expected to continue even in 2008.

[ChinaAktionaer]

Antwort auf Beitrag Nr.: 32.598.258 von Asynchronmaschine am 28.11.07 14:51:50

Das dürfte äußerst positiv für ML sein.


Barclays: Bullenmarkt für Rohstoffe noch in Anfangsphase
Leser des Artikels: 222

(www.Rohstoff-Welt.de / www.GoldSeiten.de) - Nach Einschätzung Barclays stehe der Rohstoffbullenmarkt noch relativ in der Anfangsphase, so Bloomberg. Seit 2002 habe die boomende Wirtschaft Chinas die Preise getrieben. Auf der Angebotsseite komme es immer häufiger zu Verknappungen. Kupfer werde laut Barclays nächstes Jahr um 6,5% steigen und durchschnittlich 7800 $/t kosten, im Jahresdurchschnitt kostete Kupfer an der London Metal Exchange 7132 $. Die Angebotssituation werde weiterhin angespannt bleiben.


Kevin Norrish von Barcleys sagte, dass Rohöl seinen Rekordstand von 99,28 $/Barrel toppen werde und beim Jahresdurchschnitt von 79 $/Barrel liegen wird. Nach Angaben von Bloomberg erwarten die meisten der 150 institutionellen Rohstoffinvestoren einen stärkeren Anstieg bei den Agrarrohstoffen, die Lager hätten die niedrigsten Stände seit 3 Jahren erreicht. Die Weizenpreise hatten Ende September ihren Rekordstand erreicht und stiegen insgesamt in diesem Jahr um 78%. Sie sollen jedoch nächstes Jahr fallen, da mehr Weizen angebaut werde. Soja und Mais werden wahrscheinlich steigen.


Diese Meldung ist ein Service von www.GoldSeiten.de und www.Rohstoff-Welt.de, den führenden Websiten für Edelmetalle und Rohstoffe im deutschsprachigen Raum.


Autor: GoldSeiten.de

[Asynchronmaschine]

Mercator Minerals’ Bid to Acquire
Tyler Resources

http://www.mercatorminerals.com/files/Mercator_Investor_Pres…

[Asynchronmaschine]

was für zahlen
im vergleich zu 12 mill lbs cu momentan

1. jahr 40 mill lbs cu 9,75 mill lbs mo
2. jahr 80 mill lbs cu 11 mill lbs mo
3. jahr 58 mill lbs cu 11 mill lbs mo
4. jahr 56 mill lbs cu 14 mill lbs mo

[RudiXXX]

Antwort auf Beitrag Nr.: 32.703.425 von Asynchronmaschine am 08.12.07 13:14:43

Du bist zu positiv eingestellt.
Der Kupferpreis ist nicht berechenbar, leider.
Innächsten Jahr wirst du in allen Quartalsberichten das EPS nur am Kupfer ausgerichtet finden.
Ergo tanzt die Aktie mit dem großen anderen Haufen in der selben Reihe.
Ich glaub erst mit den Q3 Zahlen im November dürfte der Markt richtig hinschaun und das Molybdän bewerten.
Eine gute Aktie, aber der große Anstieg kommt erst 2009.

Nur es gibt einen Haken:
Sollte die Tyler-Geschichte durchgehen, wird ML abgestraft.
Dem Shareholder werden >650 Mio Gewinn für die Investition entzogen. Und dazu noch die Aktie um 13% verwässert was Über die Minenlifetime ja ebenfalls weniger Gewinn pro Aktie bedeutet.
Die Chance auf Mehr Gewinn hinten ist Zukunft und dafür bezahlt heute keiner. So muß man das knallhart sagen.
In Zeiten aufgeregter Finanzmärkte ist das Grund das Papier zu meiden.

Aus diesem Grund bin ich auch noch nicht 100% überzeugt. Ich bin mit den meisten Stücken bei 10CAD ausgestiegen.
Erst mal sehen was aus dem Handel wird.
Ich trau mir auch keine Bewertung zu, welche Aktie mehr Ertrag bringen wird in 2008 TCM,ROK oder ML.

[danatbank]

RudiXXX,

die Schwierigkeit liegt darin, daß bei dem derzeitigen Konsolidierungstempo der Minenbranche in 2 Jahren kaum noch junior-Unternehmen mit Weltklasse-Lagerstätten (>2 Mt CuEQ gewinnbar) übernommen werden können. Allein wenn ich auf die Aktivitäten des laufenden Jahres sehe: Peru Copper, Northern Peru Copper, Monterrico Copper, Copper Resources Corp., Nikanor/Katanga, Lumina Resources, Wolfden Resources, Aur Resources und viele andere. Deshalb ist die Verfolgung einer Übernahme grundsätzlich zu begrüßen.

Auf stockhouse rühre ich ja seit einigen Wochen die Trommel für eine Übernahme von Mosquito Consolidated Gold, deren Reservenzielgröße bei 5 Mrd.Pfund Molybdän liegen. Sieh Dir mal Cumo oder Pine Tree an - gute Grade, oberflächennah, Beiprodukte, die für negative Produktionskosten sorgen, leicht zugängliches Terrain. Cumo könnte sich als weltgrößte Molybdänlagerstätte herausstellen, aber ähnlich wie bei Selwyn Resources oder Hard Creek Nickel ist niemand interessiert.

[Asynchronmaschine]

meine einschätzung
den grössten teil des ml umsatzes wird das molybdän liefern
das hat und wird so schnell
warum auch immer
keiner begreiffen
das kgv für 2009-10
ohne die tys übernahme
mit molypreisen von 33-40
ist abenteuerlich niedrig
und lässt reichlich spielraum

kommt die übernahme
ich vermute
die grossen tys anteilseigner
stimmen zu
kauft man sich ja auch nicht unerhebliche
reserven hinzu
die ja den kauf + investitionspreis um einige faktoren
übersteigen
voraussetzung, die zugrundeliegende preise für die im boden liegen rohstoffe fallen nicht in sich zusammen
die prdouktionskosten scheinen ja dort abenteuerlich niedrig zu sein

ml rechnet aber mit enormen einnahmen in den nächsten jahren
und die einnahmen werden ab april sprudeln
und scheinbar finden sie tys
als geeignete anlageform

Fazit
aus heutiger sicht sind wir hier wohl nicht in der lage
die situation richtig einzuschätzen
hoffen wir einfach mal
die ml leute wissen
was sie tun


der kursverlauf übers letzte jahr zuminest war toll

das schaffen wir bis ende 2009 nochmal

[danatbank]

Mosquito Consolidated Gold

Ich habe nachstehend die wichtigsten Projekte zusammengestellt. Meiner Meinung könnte sich ML durch eine Übernahme mittel-bis langfristig von einem midcap- zu einem largecap-Minenunternehmen wandeln. Also mailt alle dem Mercator-Vorstand, daß sie eine Übernahme prüfen sollen. Surratt hatte sich geäußert, ML sie insbesondere an Cu/Mo-Porphyr mit geographischer Nähe zu Mineral Park interessiert. Voilà!

MK 60 Mio. C$
IGV 50 Mrd. C$ (alte Amax-Schätzung) -> Anfang nächsten Jahres kommt die erste Ressourcenschätzung für Pine Tree und das update für Cumo. Die Lagerstätten sind auch danach immer noch in viele Richtungen offen.



Der hellgraue innere Bereich allein enthält 1,65 Mrd. Pfund Mo + Beiprodukte (Cu, Ag, Ga):
The 1982 AMAX computer generated block model indicated a geological resource of 1.387 billion tons of 0.093% MoS2 at a 0.05% MoS2 cutoff, including a higher-grade core zone of 444 million tons of 0.135% MoS2 at a 0.10% MoS2 cutoff.

Die letzten Bohrergebniise waren:
Hole 27: 563.6 meters (1729.0 feet) grading 0.085% MoS2
(1.22% Cu Eq. 0.108% MoS2 Eq., 1.52 lbs MoO3/t)
Hole 28: 515.1 meters (1640.0 feet) grading 0.096% MoS2
(1.35% Cu Eq., 0.121% MoS2 Eq., 1.91 lbs MoO3/t.)
Hole 29: 614.1 meters (2040.0 feet) grading 0.103% MoS2
(0.129% MoS2 Eq., 1.85 lbs MoO3/t)

Die alte Ressourcenschätzung von Amax bezieht sich nur auf den Bereich, wo die Bohrungen eingezeichnet sind. Das Modell für die Gesamtmineralisierung, das nächstes Jahr getestet werden soll, ist um ein Vielfaches größer:



Sollte sich das Modell bestätigen (und bis jetzt weisen alle Bohrlöcher darauf hin), handelt es sich nicht nur um die weltgrößte Mo- sonder auch um die weltgrößte Ga-Lagerstätte.

Pine Tree sollte ebenfalls um die eine Milliarde Pfund Molybdän enthalten. Die letzten Bohrergebnisse waren:
147.2 meters (483.0 feet) grading 0.82% Cu Equiv.
Including 70.7 meters (232 feet) grading 1.08% Cu Equiv.
459.0 meters (1044.0 feet) grading 0.81% Cu Equiv.
Including 226.5 meters (743 feet) grading 1.00% Cu Equiv.
80.5 meters (483.0 feet) grading 0.51% Cu Eq.
(0.045% MoS2 Eq., 0.81 lbs MoO3/T)
136.1 meters (446.5 feet) grading 0.85% Cu Eq.
(0.075 % MoS2 Eq.,1.35 lbs MoO3/T)
234.1 meters (768 feet) grading 0.92% Cu Eq.
(0.082% MoS2 eq. ., 1.47 lbs MoO3/T)
383.9 meters (1259.5.0 feet) grading 1.01% Cu Eq.
(0.00.090% MoS2 Eq., 0.1.61 lbs MoO3/T)
Diese erstrecken sich über die Fläche von einem Quadratkilometer.

Spruce Mountain hatte in der Vergangenheit gleichfalls einige gute Ergebnisse:
Hole FDD-3 170.7 meters (560 feet) grading 0.170% MoS2.
Hole FRD-2 105.2 meters (345 feet) grading 0.135%MoS2.
Hole 1082-3 365.8 meters 1200 feet) grading 0.050%MoS2.
Hole Ar-7 210.3 meters (690 feet) grading 0.058%MoS2.
Hole Ar-9 149.4 meters (490 feet) grading 0.103%MoS2.

Copper Chief hatte ein erfolgreiches sampling-Programm, das auf ein gutes Kupfervorkommen hindeutet, und wird nächstes Jahr getestet.

Außerdem gibt es ein paar Gold-Liegenschaften in Kanada und ein Kupferexplorationsprojekt in der Mount Isa-Region in Australien.

[danatbank]

Asynchronmaschine,

hast Du das Mo-spreadsheet erstellt? Hier einige Korrekturen:

ML hat 1,055 Mrd.Pfund Molybdän M+I+I Ressourcenbei einem cut-off von 0,2% (~0,26% zu jetzigen Preisen).
http://web.archive.org/web/20060209155710/http://www.mercato…

Die Daten für MSQ:

TSX: MSQ
31,8
1,75
55
USA
Cumo, Pine Tree
Mo/Cu Tagebau
?
1650
0,093

Bei GMO ist Hall-Tenopah, bei QUA Sierra Gorda nicht berücksichtigt, TJS hat eine neue Ressourcenschätzung herausgegeben. Ein link, den ich schon in stockhouse gepostet habe (beachte Seite 3):
http://www.westerntroy.com/molybdenum.pdf

[Asynchronmaschine]

Mein Molybdän Jahresrückblick 2007

Das Jahr 2007 neigt sich nun langsam dem Ende zu. Deshalb möchte ich mal kurz einen Rückblick -aus meiner Sicht- auf die Geschehnisse im Molybdänsektor geben.
Werfen wir mal zunächst einen Blick die Charts von Mercator Minerals (ML), New Cantech (NCV), General Moly (GMO), Roca Mines (ROK), Adanac Molybdenum (AUA), Moly Mines (MOL), Thompson Creek (TCM) und China Molybdenum (HK)


Die Gegenüberstellung zeigt deutlich, dass man sich nicht einfach blind in die Molywerte reinkaufen konnte, um anschließend 100, 200 oder gar 300% Kurssteigerung mitzuerleben. Die Performance der einzelnen Werte ist sehr unterschiedlich.
Sehr auffällig dabei ist die schlechte Performance der „Bäcker Frick“ Empfehlung New Cantech Venture (NCV). Verwundert das einen? Wohl kaum! Dort gibt es noch so viele ungeklärte Dinge, dass man diesen Wert besser nicht im Depot hatte und hat. Mag er noch so ausgebombt erscheinen. Ein Termin für Produktionsstart, Finanzierungen etc, all das steht in den Sternen. Thread: NEW CANTECH VENT. : NEUE BLUE PEARL ???? 1000 % Chance ????
China Molybdenum (HK: 3993) ging im April an die Börse. Die Bewertung war- wie sollte es bei einem Chinawert anders sein- sehr hoch. Es verwundert daher nicht, dass die Performance nicht all zu toll ist. Wer sich die fundamentalen Daten zuvor angesehen hat, konnte das aber erkennen und hat die Finger von diesem Wert gelassen, um andere Chancen zu nutzen.
Adanac Moly Aktionäre werden das Jahr 2007 sicherlich auch schnell vergessen wollen. Vielleicht werden sie aber 2008 etwas mehr Freude mit ihrem Investment haben. Immerhin soll die Finanzierung der 680 Mill. USD geklärt werden, die für den Minenaufbau benötigt werden. Ein Produktionsstart wird für Mitte Ende 2009 angestrebt. Vor 2010 werden sie aber sicherlich keine nennenswerten Mengen Moly produzieren. Bevor die Details der Finanzierung nicht geklärt sind, ist es recht schwer, den Wert über Kennzahlen einzuschätzen und Kursziele auszugeben. Thread: ADANAC - baut Mine im Juni 07
TCM hatte dieses Jahr mit Produktionsrückgängen zu tun. Allerdings will man in den nächsten 2 Jahren die Produktion um 100% erhöhen. TCM ist eine gute Halteposition. Thread: Blue Pearl Mining jetzt Thompson Creek Metals
Moly Mines (MOL) hat den heißesten Ritt in 2007 hingelegt. Auch dort rechne ich nicht vor 2010 mit einer nennenswerten Produktion. Immerhin müssen nahezu 900 Mill. USD aufgetrieben werden, um die Mine zu bauen. Thread: Moly Mines - Entstehung eines der weltweit größten Molybdänproduzenten
Der Sieger 2007 heißt General Moly. GMO besitzt 2 Topprojekte und könnte zum größten reinen Molyproduzenten der Welt aufsteigen. Allerdings wird ihr erstes Projekt nicht vor 2011 in Produktion gehen und bis zu 1,8 Mrd. USD Investitionskosten erfordern. Im November beteiligte sich Arcelor/ Mittal an GMO. Thread: unbekannter moly-explorer
Auf Platz 2007 kam Mercator Minerals (ML). Mercator produziert bereits seit 2004 Kupfer. Momentan baut ML die Mineninfrastruktur sehr stark aus. Ab April 2008 startet dann auch der Abbau von Molybdän und Silber. Von einem kleinen Kupferförderer steigt man dann bis 2009 zu einem großen Moly-, Kupfer-, Silberproduzenten auf. Durch die dann erzielte enorme Produktionsausweitung, die bisher völlig an der Investorengemeinde vorbeigegangen ist, fällt das KGV auf 4,6 in 2009 und 2,2 in 2010. 2008 ist man der einzige neue Molyproduzent, der in den Markt eintritt. Thread: Mercator Minerals - der übernächste Molybdän Produzent
Ein Schattendasein führt der letzte Wert -Roca Mines (ROK). Roca startete die Molyproduktion im November in seiner Untertagemine im Trout Mountain in BC/ Kanada. Roca ist völlig schuldenfrei. Monatlich sollen zunächst 500.000 Pfund Molybdän produziert werden. Jährlich sollen so zunächst 5 Mill. Pfund gefördert werden. Sollte es ihnen gar gelingen, durch den Abbau des hochgradigen Teils des Vorkommens, 2009 10 Mill. Pfund zu fördern, würde das so schon sehr geringe KGV von 2,6 auf unglaubliches 1,4 fallen. Thread: ROCA MINES -Molybdän PRODUZENT


Auch das Jahr 2008 sollte Molyinvestoren einiges an Kursgewinnen bringen. Sofern man die richtigen Werte angepackt hat.
Wer am Ende die Nase vorn haben wird, das weiß ich natürlich nicht. Aber ich denke, dass Produzenten wie Roca Mines und Mercator Minerals mit KGV von 2-3 –je nach Moly, Kupferpreis noch erhebliches Kurspotential haben.



Molybdän (Mo) ist ein Übergangsmetall der 5. Periode. Das hochfeste, zähe und harte Metall besitzt einen silbrigweißen Glanz. Von reduzierenden Säuren (auch Flusssäure) wird es, ebenso wie der größere Bruder Wolfram, nicht angegriffen. Es wird überall dort eingesetzt, wo es um die Steigerung der Festigkeit, den Korrosionsschutz und die Hitzebeständigkeit geht.
Deshalb wird Molybdän in großen Mengen zur Herstellung von säurebeständigen Edelstählen und Nickelwerkstoffen eingesetzt. In kleinen Zusätzen dient es zur Härtung von Stahl. So findet man Molybdän als Korrosionsschutz in Doppelhüllenöltankern und Öl- Gaspipelines. Erinnert sei in diesem Zusammenhang an die Alaska Pipeline, die vor einiger Zeit Schlagzeilen machte, weil sie wegen Rostschäden stillgelegt werden musste. Viele Pipelines auf der Welt sind uralt und haben bereits 20, 30 und 40 Jahre auf dem Buckel. Auch neue Pipelines –so wie die 2.700 km lange BTC (Baku-Tblissi-Cheyan) Pipeline- verlangen nach großen Mengen Molybdän. Weitere Anwendung findet Molybdän im Flugzeug- und Raketenbau und in der Ölverarbeitung als Katalysator zur Entschwefelung. Mehr als 2/3 des hergestellten Molybdäns wird zur Erzeugung von Metalllegierungen verbraucht. Molybdänerz kommt natürlich als Molybdänit (Molybdänglanz, MoS2) vor. 60% des weltweit geförderten Molybdäns werden als Beiprodukt beim Kupferabbau gewonnen. Die größten Lieferanten sind die USA, Chile, China, Peru, und Kanada.

Der Molypreis stieg von seinem Tief bei 3$/Pfund in 2001 bis auf 40 $/Pfund im Hoch im Jahr 2006. Im Durchschnitt lag er 2006 bei 25 und 2007 bei 30 $/Pfund. Für die nächsten 2 Jahre stehen die Chancen gut, dass sich der Molypreise weiter auf sehr hohem Niveau halten sollte.

Asynchronmaschine

[Diego22]

Antwort auf Beitrag Nr.: 32.707.010 von Asynchronmaschine am 09.12.07 10:07:29

Hallo, ich finde diesen Thread im Vergleich zu anderen sehr informativ und sachlich - so das war das Lob - jetzt kommt meine Frage:

Ich überlege im Jahr 2008 in einen Moly - Wert eizusteigen!
(Hab leider damals noch Blue Pearl (jetzt TCM) bei 4 euro verkeuft)
Welchen wert empfielst du mir?
Wo siehst du die größten Chancen?
Deine Favoriten sind ja anscheinend Mercator und Roca!
Wer sonst noch einen Top Tip hat - ich bin ganz Ohr.

Übrigens bin ich vor kurzem in Fortescue Metals eingestiegen
australischer Erzproduzent ab Mai mit guten Kontakten nach CHina.
Sollte in den nächsten Jahren zum 4. größten Erzproduzenten der Welt aufsteigen.
Meinungen?

Danke

[Zockempire]

ich schließe mich Asynchronmaschines Ansicht an.

Die aussichtsreichsten Werte sind wohl Mercator Minerals und Roca mines.

Ebenfalls interessant finde ich noch General Moly. Allerdings musste noch einige Zeit vergehen. Sicherer sind nach meiner Meinung Roca mines und Mercator.

[danatbank]

General Moly ist übergehyped, bei Roca Mine sind mir die Ressourcen zu klein. Deshalb bevorzuge ich ML und QUA und als spekulative Beimischung MSQ.

[Diego22]

Antwort auf Beitrag Nr.: 32.740.416 von danatbank am 12.12.07 16:10:01

Also eher Mercator?
Wann denkst du scheint ein Einstieg günstig?
(Ich weis, blöde Frage - aber ich kann den Markt schlecht einschätzen)

Welche Minenwerte sollte man noch im Depot haben?
Von welchem Wert versprecht ihr euch die beste Performance im Jahr 2008?

Danke

[danatbank]

Tut mir leid, ich kann den Markt nicht timen (und bezweifele, daß irgend jemand anderes hier dazu imstande ist). Das einzig Vernünftige ist wohl, Titel zu kaufen, die möglichst weit unter ihrem inneren Wert notieren und zu warten, bis der Markt etwas vernünftiger wird (kann u.U. lange dauern).

Meine größten kanadischen Positionen sind folgende:
http://beta.stockhouse.com/MyStockhouse/ViewMyAllInfo.aspx?u…

In Australien kann man sich noch CBH Resources und Australian Zircon anschauen.

[Asynchronmaschine]

unfassbar
200% kursgewinn in 2007
und es interessiert niemanden
auch wenn ich mich wiederhole
das ist einfach unfassbar

[Punicamelon]

Antwort auf Beitrag Nr.: 32.768.187 von Asynchronmaschine am 14.12.07 17:38:34

Ganz ruhig, ich bin doch auch noch bei Dir

[Asynchronmaschine]

von TraderDad
Current share price, as a percentage of yearly high, of various moly stocks:

GMO: 90%
ML: 78%
ROK: 77%
TCM: 65%
MLY: 62%
TTQ: 48%
VGM: 44%
MOL: 43%
AUA: 41%
TCR: 21%

wann wird der mercator thread unter den top 10 wo threads zu finden sein?

[Schorsch°]

Ich bin jetzt auch hier dabei. Bald kommt wieder "Rohstoffpanik" auf und es geht gegen Norden.....

[Asynchronmaschine]

oh, dann sind wir jetzt
geschätzte
30
deutsche anleger
ML + wir werden nochmal ganz berühmt

[Asynchronmaschine]

http://www.manager-magazin.de/geld/geldanlage/0,2828,522882,…

[Asynchronmaschine]

Moly scheint ziemlich wichtig zu sein
letztens arcelor/mital
jetzt pocso

POSCO to invest $170 mln in U.S. molybdenum
Tue Dec 18, 2007 2:29am EST
SEOUL (Reuters) - POSCO (005490.KS: Quote, Profile, Research), the world's fourth-largest steel maker, said on Tuesday two of its units would invest $170 million in a 20 percent stake in a molybdenum mine owned by General Moly (GMO.A: Quote, Profile, Research), a U.S.-based mining company.
The decision will give POSCO a stable supply of the raw material, used in making high-quality steel products, the South Korean steel company said in a filing with the Korea Exchange.
The Mt. Hope project located in central Nevada is expected to produce 15,000 tons of molybdenum annually, starting from 2010.
"Under the deal, POSCO will secure 20 percent of the output," the company said.
Separately, POSCO said it would invest $297.3 million in building a research and development centre in South Korea over the next three years.

[Asynchronmaschine]

ich unterhalte mich mal weiter mit mir alleine
sinnvoll war es auch
nicht in den sprott molyfond zu investieren

[Asynchronmaschine]

äh, ml statt rok natürlich
ich bekomme die 100.000 postings hier noch voll
und rok und ml unter den top gelesenen w o threads

[Asynchronmaschine]

General Moly-POSCO deal may signal concern about molybdenum supply

It appears that the steel industry is growing more concerned about the future supply of molybdenum.
One producer of the metal often used in high-strength steel alloys, General Moly Inc., got a big boost after it announced that South Korea’s POSCO, the world’s third largest steel producer, will pay US$170-million for a 20% stake in the Mount Hope molybdenum project in Nevada.
This joint venture and General Moly’s relationship with ArcelorMittal, the world’s largest steelmaker, reduces the obstacles for it to become a leading producer of molybdenum by 2011, according to Wellington West analyst Leonie Soltay.
ArcelorMittal recently agreed to buy a 12.6% stake in General Moly and will receive 6.5 million pounds of molybdenum from it annually for five years.
Tuesday’s deal signals Asia’s need for moly feed as the supply-demand balance is expected to remain in a deficit through 2010 and perhaps beyond, Ms. Soltay told clients in a note.
She continues to rate General Moly a “buy” with a US$13 price target.
Blackmont Capital’s George Topping also rates the shares a “buy,” but hiked his price target by US15¢ to US$15.40 on a minor increase to his net asset value estimate.
The establishment of floor prices in this agreement is important because it will provide General Moly with low-cost access to debt, he said in a note.
The analyst also pointed out that General Moly continues to have undiluted control of the Tonopah deposit, which he thinks could be as good as Mt. Hope in economic terms.

[Benson1]

Der Moly-Preis ist brutal überbewertet... der Preis wird fallen wie ein Stein und die ganzen gepushten Moly-Werte mit nach unten ziehen!

Wer Glück hat kommt jetzt noch mit einem blauen Auge davon...

Das wird ein harter Aufschlag auf dem Boden der Realität.

Kursziel Mercator 0,5 Euro

[Asynchronmaschine]

das ist ein typischer benson1

[Punicamelon]

Antwort auf Beitrag Nr.: 32.817.867 von Benson1 am 19.12.07 18:20:06

Schau Dir Mercator erst mal richtig an, denn die haben mehr zu bieten, als nur Molybdän.

Alleine die Kupferliegenschaften sollten bis Vollproduktion (2009) jährlich 40-50Mio Euro Reingewinne abwerfen und somit minimum eine Marktcap von KGV 10 = 450Mio Euro rechtfertigen,

aber ich rede ja sowieso gegen eine Wand (Unwissenden).

[Asynchronmaschine]

Von der Kupfermine zum Molyproduzenten
Nun kommen wir aber zum interessanten Teil der Sache. Völlig unbeachtet von der breiten Anlegergemeinde findet bei Mercator M. nämlich gerade ein sehr beachtlicher Transformationsprozess statt. Am Ende diese Prozesses (2009) wird man von einem kleinen Kupferproduzenten zu einem der größten Molybdänproduzenten Nordamerikas zählen. Wie geht das, werden sich nun viele fragen? Nun, völlig unbeachtet von Anlegergemeinde begann Anfang 2007 der groß angelegte und sich über 2 Jahre erstreckende Ausbau der Mine mit allen dazugehörigen Betriebsteilen. Mit einem Aufwand $139 Millionen wird die tägliche Verarbeitungskapazität zunächst auf 25.000t -Start Q2 2008- und dann auf 50.000 t Erz -Q1 2009- hochgefahren. Im Ergebnis dessen wird die Mine Kupfer-Silber und Molybdänkonzentrat liefern. Umgerechnet auf Molybdän wird Mercator M. 15-16 Mill. Pfund Molybdänäquivalent pro Jahr liefern. Schon mit Beginn von Phase 1 in knapp 4-5 Monaten wird Mercator M. dann in eine ganz andere Umsatz- und Gewinndimension vorstoßen. Mit der Inbetriebnahme der vollen Produktionskapazitäten im 1. Quartal 2009 rückt Mercator, mit einer jährlichen Fördermenge von 10,3 Mill. Pfund Molybdän, 56.4 Millionen Pfund Kupfer und 0,6 Millionen Unzen Silber, zu einem der größten Molybdänproduzenten in Nordamerika auf. Auch im weltweiten Vergleich-siehe Tabelle unten- ist man dann ein ziemlich Großer. Desto erstaunlicher ist es deshalb, dass das Anlegerinteresse an Mercator M. nahezu Null ist.

Auszug aus ML Analyse
Erstellt von: Asynchronmaschine

[KNORPEL]

[Asynchronmaschine]

8,17

oderbuch ziemlich leer
kann von 7,25 - 10,30 schauen

[RudiXXX]

Antwort auf Beitrag Nr.: 32.831.618 von Asynchronmaschine am 20.12.07 21:19:27

geile Zeiten
ich hab heute mittag ML verdoppelt und die sind jetzt schon 7% im Plus.
Leider hab ich für die 2. Hälfte OIL gekauft und da ist 7% Verlust.
Yin- Yan

[Asynchronmaschine]

8,35

[Asynchronmaschine]

200% kursgewinn in 2007
2008 sollte das auch möglich sein
die fundamentalen daten sprechen dafür
ob es so kommt
oder ob es sogar noch mehr werden
wer weiss
vielleicht werden es auch nur 190%

[Radikalinsky]

Antwort auf Beitrag Nr.: 32.832.355 von Asynchronmaschine am 20.12.07 22:09:54

7% an einem Tag bei minimalem Umsatz - hat das einen Grund?
Vermutungen:
- Der Börsenbrief von Async
- RudiXXX hat voll zugeschlagen
- Eine News steht an, ein Inseider hat zugeschlagen, oder es gibt wo ein Leak.

Gruß, Rad

[Asynchronmaschine]

orderbuch in beide richtung ziemlich leer
kaum umsatz
ein käufer oder verkäufer
der ein paar stücke nachfragt oder loswerden will
und es geht stark hoch oder runter

[Asynchronmaschine]

20-er ordertiefe ist sehr dünn
bid zu sehen bis runter auf 4,97 can
ask hoch bis 11,95

[Asynchronmaschine]

kleiner jahresendspurt auf 9
das wär nochmal was

[Asynchronmaschine]

ein käufer
der 11k nimmmt
und die 9 fällt

17k und die 10 würde fallen
*träum*
da finden sich aber bestimmt wieder broschen
die ml loswerden wollen
etwas mathe nachhilfe würde denen nicht schaden

[Asynchronmaschine]

Molybdenum Market Outlook
http://www.sprottmoly.com/pdf/moly-outlook.pdf

[Asynchronmaschine]

Interesting presentation
Zn, Pb, Cu, Mo from TCK
December 14 presentation focuses on supply/demand to 2010 in Zinc, Lead, Copper and moly.
Data is especially bullish on moly, with supply deficits predicted through 2010
http://www.teckcominco.com/DocumentViewer.aspx?elementId=123…

[Asynchronmaschine]

ein tolles jahr neigt sich dem ende
ML nahezu 250%

[Asynchronmaschine]

letzter handelstag
schluss über 9?

[Asynchronmaschine]

ein wunderbares jahr liegt vor uns
schluss 2007 bei 9,07
auf gehts ML
lets ROK

[Asynchronmaschine]

TSX stock of the year
ML finished No. 9
out of the top stocks for 2007
2007 YTD % 235.93

[Asynchronmaschine]

TORONTO - It was the best of times, for those who bought stock in Timminco Ltd. (TSX:TIM) a year ago and watched it gain more than 7,000 per cent.

It was the worst of times for shareholders in Coventree Inc. (TSX:COF), Menu Foods Income Fund (TSX:MEW.UN), and even former blue chips like Quebecor World (TSX:IQW) or Loblaw Cos. (TSX:L).

The benchmark S&P/TSX composite index gained up about seven per cent for the year but, as always, the average concealed a tumultuous cavalcade of thrills of elation and pangs of agony.

Shares in Timminco, a Toronto-headquartered maker of specialized metal, ended 2006 at 30 cents on the Toronto Stock Exchange. By the end of this year, jolted by sales of high-purity silicon for solar-power applications, it was at $21.95, a gain of 7,216 per cent. The company, majority owned by AMG Advanced Metallurgical Group NV, lost $4.6 million in its latest quarter as sales slipped two per cent to $43 million.

At the other extreme, the "nobody's perfect" contingent featured Coventree, a company few people had heard of before Aug. 13 but which had found a profitable business issuing asset-backed commercial paper. Coventree stock started 2007 at $14.80 and went as high as $16.30 before the summer credit-market convulsion. It traded Monday at 77 cents, down 95 per cent on the year.

Among other conspicuous calendar-year ups and downs:

HIGHER:

Research in Motion (TSX:RIM) rode rampant over the threat of Apple's iPhone, a stock-option-grant review and fears that financial-market turmoil would decimate the ranks of BlackBerry-thumbers in expensive suits. RIM stock split three for one and ended the year at $112.56, up from $49.67 a gain of 127 per cent.

Posting a steeper if less widely tracked gain than RIM was Major Drilling International (TSX:MDI), a provider of drilling services for the global mining industry, based in Moncton, N.B., of all places. MDI closed 2007 at $62.60, up 140 per cent for the year.

Fertilizer bloomed as demand boomed in what used to be called the Third World. Potash Corp. of Saskatchewan (TSX:POT) rose 158 per cent, while Agrium Inc. added 102 per cent and China-centred Hanfeng Evergreen Inc. (TSX:HF) grew 243 per cent.

While it was a miserable year in the forest industry generally - Tembec Inc., for example, lost 80 per cent of its market value - TSX-listed Chinese tree-farm operator Sino-Forest Corp. (TSX:TRE) rose 173 per cent.

Infrastructure was also big, and Aecon Group Inc. (TSX:ARE) erected a 256 per cent stock-price rise on the year, outpacing mere 50-per-cent-plus gains for fellow engineering providers SNC Lavalin Group (TSX:SNC) and Stantec Inc. (TSX:STN).

It was a tough year for many in the oilpatch, especially for small natural gas producers and providers of drilling services in Western Canada. Precision Drilling Trust (TSX:PD.UN) fell 44 per cent, but oilsands and conventional oil player Petrobank Energy and Resources Ltd. (TSX:PBG) stoked up 238 per cent.

Among other notable gains, Thompson Creek Metals (TSX:TCM) was up 65 per cent, WestJet (TSX:WJA) climbed by half, and boring old Bell Canada (TSX:BCE) showed a 26 per cent increase thanks to the country's biggest-ever corporate takeover by a group led by the Ontario Teachers' Pension Plan.

LOWER:

Coventree had no shortage of company in the doghouse, including pet food maker Menu Foods Income Fund (TSX:MEW), down 90 per cent on the year after an adulterated ingredient from China poisoned a number of pets.

Investors in CV Technologies Inc. (TSX:CVQ) kept feeling worse all year. The maker of the cold and flu remedy pitched by Don Cherry bombed, ending down 78 per cent from a year ago, afflicted by disappointing sales, accounting woes and allegations of lobbying irregularities.

Bigger and more established drugmaker Biovail Corp. (TSX:BVF) tumbled 46 per cent as generic competition ravaged its Wellbutrin antidepressant franchise amid U.S. regulatory approval delays and the retirement of founder Eugene Melnyk.

So how about stashing your cash a massive international commercial printer? Quebecor World churned out an 87 per cent loss, hurt by operational woes, executive-suite uproar and a deepening financial crisis.

Parent company Quebecor Inc. (TSX:QBR) finished down just two per cent, supported by its Videotron cable-TV subsidiary and media holdings. But the year was less kind to TV and newspaper operator CanWest Global Communications Corp. (TSX:CGS), down 35 per cent.

Another family-controlled giant, Loblaw Cos. (TSX:L) slumped 32 per cent during 2007 as Galen Weston Jr. struggled to turn around Canada's largest supermarket company. Parent company George Weston (TSX:WN) sagged 28.5 per cent.

Toymaker Mega Brands Inc. (TSX:MB) tumbled 76 per cent as its woes piled up after a major recall of magnetic building sets blamed for injuring children who swallowed the pieces.

Also down by three-quarters on the year was Cinram International Income Fund (TSX:CRW.UN) as investors tuned out on the future of the world's biggest maker of pre-recorded CDs and DVDs in an increasingly online world.

The Canadian banking industry had its most profitable year ever, but the debt crisis which erupted during the summer took a toll on their share prices. Hardest hit was CIBC (TSX:CM), whose exposure to securities based on the collapsing U.S. subprime mortgage market knocked down its stock down 28.5 per cent. TD Bank (TSX:TD) has so far avoided the disaster, and finished the year almost exactly where it started.

And spare a thought for Nortel Networks Corp. (TSX:NT). While CEO Mike Zafirovski continued intoning his mantra of "recreating a great company," the share price declined from $31.28 at the end of 2006 to $14.98 at Monday's close, a loss of 52 per cent.





TORONTO - The Toronto stock market drifted to a flat close Monday with many investors glad to see the end of a year that yielded an unspectacular single digit gain amid concerns about what further damage could be in store from the imploding U.S. housing sector.

Toronto's S&P/TSX composite index closed up 11.72 points at 13,833.06 on much lower than usual volume, leaving the Canadian market benchmark up about seven per cent for the year.

The performance was also a far cry from last year's 14.5 per cent jump and three previous years of double digit gains.

The market was dragged down mainly by negative returns in the financial sector on worries about exposure to U.S. subprime mortgage debt and by commodity stocks on concerns that a sharp slowdown in the U.S. would slash demand.

"I think if anything the surprise was that we still ended the year with gains," said Andrew Pyle, investment adviser at ScotiaMcLeod in Peterborough, Ont.

"There's still lots more to worry about - we haven't seen the end of the mortgage problem in the States, we haven't seen the end of the subprime issue. It's debatable whether the contagion effects have been contained."

The TSX Venture Exchange was ahead 49.4 points to 2,839.66, ending a slack year on the resource-heavy junior market, which declined 4.9 per cent in 2007 after surging 27 per cent in 2006.

The Canadian dollar ended the year above parity with the American currency even as the loonie was off 1.11 cents to 100.88 cents US on a strengthened greenback. The loonie topped 100 cents US in September for the first time in about 30 years after starting 2007 at the 85.81 cent US mark. Analysts said the runup was due to a strong economy, a sliding greenback and much higher commodity prices, especially oil.

New York stock markets were solidly in the red on the day - but positive for the year - after data showed ongoing deterioration of the U.S. housing sector, the main cause of uncertainty that bedevilled investors for the last half of the year.

The Dow Jones industrials lost 101.05 points to 13,264.82 leaving the blue-chip average up about 6.4 per cent for 2007, after a 16 per cent improvement in 2006.

The Nasdaq moved 22.18 points lower to 2,652.28. The tech-intensive index was the year's best North American performer, up 9.8 per cent for the year, about the same as its performance in 2006.

The S&P 500 index was down 10.13 points to 1,468.36, leaving the U.S. broad-market index up about 3.5 per cent for 2007 after charging ahead 14 per cent in 2006.

The U.S. National Association of Realtors reported sales of existing single-family homes rose 0.4 per cent in November from October, to a seasonally adjusted annual rate of five million. Over the last 12 months, however, existing home sales have plunged 20 per cent. The median price of a U.S. home sold last month was US$210,200, marking a 3.3 per cent drop from a year ago.

"Despite the good news in this report, we could just be in the eye of the storm, as a significant number of mortgages reset early in 2008 will likely increase delinquencies and foreclosures, driving prices lower and pushing buyers away," said BMO Nesbitt Burns economist Benjamin Reitzes.

Stock indexes are off their best showings for the year a tsunami of mortgage defaults spawned by a tsunami of mortgage foreclosures in the U.S., followed by writeoffs of billions of dollars of securities backed by those mortgages.

A report released Monday offered little incentive to hope for a big turnaround in investor sentiment in 2008. The Russell investment manager outlook indicated that bullishness towards Canadian equities has dropped to just 28 per cent.

"The current spate of negative sentiment in the market is fuelled at least as much by a sense of uncertainty as by any serious deterioration of economic fundamentals," said Timothy Hicks, chief investment officer of Russell Investments Canada.

Analysts expect this uncertainty to carry through at least for the first half of 2008.

"There is absolutely no momentum in this market - no conviction, whether on the retail side or the institutional side," said Pyle.

"People just don't want to put both feet into the market."

The TSX financial sector is ending 2007 down just over four per cent on the year. Over-exposure to securities rooted in the U.S. mortgage market - and uncertainty about the size of future writedowns - helped send CIBC (TSX:CM) down by about 27 per cent and National Bank (TSX:NA) down 21 per cent.

The sector was ahead 0.18 per cent Monday, with National Bank up 39 cents to $52.25 while CIBC eased 55 cents to $70.62.

The TSX energy sector ended the year up almost eight per cent as crude oil prices flirted with US$100 a barrel late in the year on rising demand and geopolitical tensions. Sector heavyweight EnCana Corp. (TSX:ECA) declined 34 cents to $67.55.

On Monday, the sector was up 0.05 per cent as the February crude contract on the Nymex slipped two cents to US$95.64 a barrel, jumping 57 per cent or US$34.93 during the year.

The base metals sector was the session's biggest loser, down almost 0.8 per cent with Teck Cominco Ltd. (TSX:TCK.B) 62 cents lower to $35.44. But the session headed up 18.35 per cent on the year, helped in large part by a wave of merger and acquisition activity.

The TSX gold sector moved 0.28 per cent lower as the February bullion contract on the Nymex declined $4.70 to US$838 an ounce. The quest for a safer haven for investor money helped send the price of gold up US$200 or more than 30 per cent during 2007. Kinross Gold Corp. (TSX:K) was down 18 cents to $18.28.

Nortel Networks Corp. (TSX:NT) and U.S. Internet telephone service provider Vonage Holdings Corp. have settled patent litigation. The agreement in principle provides for no monetary payment from either side, and a limited cross-licence of three Nortel patents and three Vonage patents.

Nortel shares climbed three cents to $14.98 - down by more than half from a year ago while the tech sector is up 11.4 per cent, paced by a 130 per cent surge in Research in Motion Ltd. (TSX:RIM).

On the TSX, advances beat declines 976 to 547 with 207 unchanged as 171.7 billion shares traded worth $2.4 billion.

[Asynchronmaschine]

http://www.sprott.com/pdf/moly-barrons.pdf

[Asynchronmaschine]

Commods bull Rogers says boom far from over
HONG KONG, Jan 3 (Reuters) - The resources boom that saw oil hit the $100 barrier for the first time on Wednesday and propelled gold to a record is in no danger of petering out, says Jim Rogers, a long-time, high-profile commodities bull. The American investor says he is convinced that a decade or more of gains lies ahead for the sector, even after oil hit the triple-digit mark that he has predicted for years, although a weakening U.S. economy could dampen some metals such as tin.

"I sound like a broken record, but it ain't over yet. It's got a long way to go," he told Reuters on Thursday by telephone from Singapore, where he is based."It's come a ways, but we may be in the fourth inning of a nine-inning ball game, to speak in U.S. baseball terms."

He declined to predict where the oil price would be at the end of this year after a 57 percent rally in 2007. Oil prices have trebled since 2003, as long-term investors plough money into the sector on signs that the world would struggle to supply enough crude and fuel to meet fast-growing global demand.The fall in the U.S. dollar -- another familiar refrain for Rogers, who co-founded the Quantum Fund with billionaire George Soros in the 1970s -- also fuelled buying.

"Commodities prices are going to go up no matter what happens to the U.S. dollar, even if it rises, because there are serious supply/demand shortages which have developed over the past 25 to 30 years," he said. Rogers said he likes agricultural commodities but is avoiding vulnerable metals, such as tin, adding that he recently bought the Chinese renminbi Japanese yen and Swiss franc.

"I do know the price of oil, the price of all commodities, are going to go much higher during the course of the bull market, and the bull market's got another 10 to 15 years to go. In the end, everybody's going to be dumbfounded, including me, and I'm the bull."

http://www.guardian.co.uk/feedarticle?id=7193791

[Asynchronmaschine]

dienstag entscheidung zur
tys übernahme
haben 75% der tys besitzer angebot angenommen????

[Asynchronmaschine]

schluss 9,35
platz 9 von 20 molywerten drüben
weit vor TCM, MOL, AUA

[Asynchronmaschine]

!

Dieser Beitrag wurde moderiert. Grund: Spammposting

[Asynchronmaschine]

das ist sicherlich erst der anfang
die chinesen werden wohl übernehmen, übernehmen
das uns bald schlecht wird

und indien
ebenfalls über 1 mrd einwohner
wird ebenfalls firmen losschicken
um reserven zu sichern

[fisch29]

Antwort auf Beitrag Nr.: 32.964.384 von Asynchronmaschine am 07.01.08 10:39:16

Gut oder schlecht für ML, wie siehst du das? Also auf den Kurs bezogen

[RudiXXX]

Mein Herz schlägt vor Begeisterung
Damit landet Mercator ganz in der Mitte des Übernahmebufetts und die Meute steht zum Sprung bereit.
"...wir kennen nur einen Neartimeproduzent - in Arizona"
hat mal jemand offiziell gesagt

[Asynchronmaschine]

die meisten scheinen das gut zu finden
kurs steigend
10,10
ask seite ziemlich leer

[Asynchronmaschine]

schluss
9,59
es gibt halt immer welche
die das potential nicht erkennen
in 2 jahren werden sie sich verwudnert die augen reiben

[Asynchronmaschine]

tys dürfte gegessen sein
dazu heute oder morgen noch eine news von
ML

[Vinyard]

was meinen?

[Asynchronmaschine]

chinesen wollen tys für 1,60 übernehmen
ml angebot von 1,13 damit hinfällig
ml wird sich per news sicherlich dazu nochmal melden

rt 9,7

[Asynchronmaschine]

Mercator Allows Offer for Tyler Resources to Expire
TRADING SYMBOL: TSX – ML
Vancouver, British Columbia: January 9, 2008 – Mercator Minerals Ltd. (“Mercator”) announced today
that it has allowed its offer to acquire common shares of Tyler Resources Ltd. to expire at 8:00 pm EST
on January 8, 2008 and will not acquire any shares of Tyler pursuant to the offer.
Mercator Minerals Ltd.
Mercator is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a
corporate strategy focused on maximizing the production potential of the Mineral Park moly-copper
deposit and growing through mergers and acquisitions. The Company is in an advanced stage of
construction of the moly-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 600,000 ounces of silver.

[Asynchronmaschine]

Chile's state copper commission, Cochilco, said on Wednesday it expected average copper prices of about $3.10 per lb in 2008 amid continued tight inventories and strong demand from China.
Cochilco Executive Vice President Eduardo Titelman said copper production in Chile, the largest producer of the metal, will likely come in at 5.7 million tonnes in 2008, up 3.4 percent from 2007 as Codelco's Gaby mine enters production and output rises at BHP Billiton's (BHP.AX: Quote, Profile, Research) Spence mine and at the Collahuasi mine controlled by Xstrata Plc (XTA.L: Quote, Profile, Research) and Anglo American (AAL.L: Quote, Profile, Research).
Chile likely produced some 5.5 million tonnes in 2007, Cochilco's Titelman said.
He said Cochilco estimated molybdenum production in Chile to fall in 2008 to 40,000 tonnes, from an estimated 44,500 tonnes in 2007.
Titelman said the copper market would remain tight in 2008, with demand of some 18.4 million tonnes versus output of 18.5 million tonnes.
For 2009, Titelman said copper prices would likely remain strong as well, near $2.70/lb. Copper prices are currently around $3.26/lb in New York.
Separately, the chief executive of Chile's Codelco, Jose Pablo Arellano, said copper demand in the United States had slowed as demand from the housing market declined. Continued...
View article on single page
"Indeed, the U.S. market is a little weaker, but fortunately Asia and in particular China remain firm," Arellano told reporters in the Chilean capital Santiago.
He said 70 percent of growth in global copper demand comes from China.
Earlier this week state-owned Codelco, the world's largest copper miner, said it had created a new management office that will be dedicated exclusively to developing new business in China.
Codelco said the China New Business office was created in December to consolidate Codelco's position in the Chinese economy.

[Asynchronmaschine]

10 mill lbs weniger moly in 2008 aus chile

[Asynchronmaschine]

LME To Start Feasibility Into Cobalt, Molybdenum Contracts

[Asynchronmaschine]

tabelle der molyproduzenten
aber ich gebe keine gewähr

http://docs.google.com/Doc?id=ddvvqqdv_20fsx4g4&pli=1

[Mezzcalero]

Mich würde interessieren, wie Ihr die weitere Strategie und Unternehmensentwicklung vor dem Hintergrund der gescheiterten Tys-Übernahme einschätzt. Ich habe das eigentlich bedauert, auch wenn es dem SP im Moment gut getan hat. Das Potential dieser Übernahme wäre doch erheblich gewesen und hätte auch einen gewissen Schutz geboten, allzu schnell selbst geschluckt zu werden, was ich jetzt noch nicht gerne sähe.
Gruß,
M.

[danatbank]

Die Frage ist, wer ML übernehmen könnte - LUN und TCM sehen derzeit selbst angeschlagen aus, und für die majors ist ML zu klein.

Vermutlich hält ML derzeit Ausschau nach einer alternativen Übernahme, die lt. Surratt ja hoch auf der Agendaliste steht. Ich habe mich mit meinem Vorschlag Mosquito Consolidated Gold an Marc LeBlanc gewandt, der diesbezüglich sinngemäß antwortete, ihnen sei MSQ \"previously not aware, but we will review it\".

Da kann ich nur hoffen, daß sie sich MSQ genau ansehen - ML könnte 100% Premium zahlen und dabei weniger Geld auf den Tisch legen als für das TYS-Angebot. Andererseits sind die Ressourcen MSQ um ein Vielfaches größer - wahrscheinlich sogar die größten von allen small cap-Basismetall-Unternehmen. Der mineralisierte Bereich beginnt praktisch direkt an der Oberfläche, die Infrastruktur (Wasser/Strom/Straßen) ist nahebei und der Grad ist ganz gut (0,9% CuEq).

[bmann025]

Antwort auf Beitrag Nr.: 33.023.106 von danatbank am 11.01.08 17:45:03

hallo danatbank,

warum denkst du dass kobex mosquito weitergereicht und sich stattdessen den ärger mit den umweltschützern und mt.emmonds aufgehalst hat ?

[danatbank]

-Roman Shklanka ist nicht das Genie, als das er dargestellt wird. Kobex steht nahe einem Dreijahrestief. In jedem dieser drei Jahre habe ich mit Ressourcenaktien das eingesetzte Kapital mehr als verdoppelt. Die Argumentation, daß Cumo Schrott ist, weil Shklanka die Megalegende ist, zieht bei mir also nicht.

-Die einzige Arbeit, die Kobex während der Zeit ausgeführt hat, bestand darin, zwei Löcher zu bohren. Diese sind so gut ausgefallen, wie man nur hätte erwarten können; es waren in-fill-Bohrungen, die historische Resultate von Amax leicht übertroffen haben.

-Da also sich also vom earn-in bis zum opt-out von KBX nichts geändert hat -Es wurden keine unwelttechnischen oder metallurgischen Arbeiten unternommen; das zwei-Loch-Explorationsprogramm ist gut ausgefallen.-, liegt der Grund vermutlich nicht bei Cumo selbst.

-Im stockhouse-board ist damals mehrfach die Meinung geäußert worden, daß das Personal von KBX sehr schlecht über Cumo informiert sei.

-Cumo ist sehr groß, bedarf aber auch entsprechend großer Investitionen. KBX als Explorer ohne Kassenbestand und Umsatz hätte nicht einmal genug Geld gehabt, eine FS für Cumo durchzuführen, sprich sie waren schlicht zu klein. Bei Mt.Emmons hoffte KBX dann, aufgrund des sehr hohen Grades eine weitgehende Bankfinanzierung zu erreichen und zu hoffen, daß man das Projekt irgendwann gegen die Umweltschützer durchsetzt.

[Asynchronmaschine]

ML + ROK
KGV
http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

[Asynchronmaschine]

oh
habe ich ja schonmal gepostet

dieses fifa 08 gedaddle am pc
bringt einen ja völlig durcheinander

[Asynchronmaschine]

übrigens
unter den tcm-lern
scheint auch niemand zu sein
der sich fudamental mit dem wert auseinander setzt
die lesen zwar 10tausend fach am tag den tcm thread
aber ne antwort auf meine frage
zum kgv für 2008-10
für moly 33 und 40
hat keiner
mhm, wonach treffen die ihre kaufentscheidung für aktien?

kein wunder
dass ml 07 besser war
sind auch viel billiger
noch eine schlechte q nachricht von tcm zu den förderraten
und sie bekommen wieder was auf die rübe
ml wird sie dieses jahr auch outperformen

schon alleine
weil die masse
nie recht hat

[fisch29]

Die Aktie gefällt mir immer besser, z. Zt. ein wirklich stabiler Kurs, nur 10% unter dem ATH und das bei diesem Marktumfeld.
Anscheinend traut der Markt, da ML ja gut Cash hat, der Fa. tatsächlich zu, ab Mitte 2008 ihre neue Mine zu starten.

Was passiert wohl erst wenn der Markt tatsächlich ab Q2 dreht?

Mercator Minerals Ltd. (ML)
Instrument Name: Mercator Minerals J


Quote Company Information Symbol Last Trade $ Change % Change Volume Exchange*
ML 9.740 +0.100 +1.04 827,120 T

11 Jan 2008 15:58 ET

News | Company Snapshot | Price History

Charts
Today | 1 mo. | 3 mo. | 6 mo. | 1 yr. | 2 yr. |
3 yr.(w) | 5 yr.(w) | 5 yr.(m)

Last Trade Last Trade: 11 Jan 2008 15:58 ET
Price 9.740 Net
Change +0.100
Last
Bid Size 1 Volume 827,120
Last
Bid Price 9.690 Open 9.660
Last
Ask Price 9.740 High 9.750
Last
Ask Size 10 Low 9.600

Last Ten Trades Time Price Shares $ Change Buyer Seller
15:58 9.740 100 +0.100 Anonymous Anonymous
15:57 9.740 10,000 +0.100 TD Securities TD Securities
15:57 9.740 300 +0.100 TD Securities Anonymous
15:55 9.740 100 +0.100 TD Securities Anonymous
15:55 9.740 10,000 +0.100 TD Securities TD Securities
15:53 9.750 100 +0.110 Anonymous Desjardins
15:53 9.750 100 +0.110 Anonymous Desjardins
15:52 9.740 100 +0.100 TD Securities Anonymous
15:52 9.740 10,000 +0.100 TD Securities TD Securities
15:51 9.740 1,000 +0.100 TD Securities Anonymous

End of Day Data Last Updated: 10 Jan 2008
Rolling 52 Week High 10.640
Rolling 52 Week Low 2.520
Quoted Market Value 714,721,930
# of Shares Outstanding 74,141,279
P/E Ratio N/A
Earnings/Share (trailing 12 months) -.0837
Dividend Yield N/A
Indicated Dividend Rate N/A
Dividend Timing Indicator

[Asynchronmaschine]

voriges jahr waren wir hinter
gmo 2. bester moly performer
dieses jahr könnte und sollte es platz 1 oder 2 werden
vor oder hinter rok
die reihenfolge unter den beiden wäre mir egal
die aussichten sind jedenfalls ideal
bisher macht sich ml super

[Asynchronmaschine]

aus dem letzten jahr
Ersatz-Werkstoffe für teuere Edelstähle vor der Marktetablierung
Redakteur/Autor: Josef-Martin Kraus

Spenge (jk) – Heute dominieren auf dem europäischen Markt für rostfreien Edelstahl besonders die austenitischen nichtrostenden Stähle wie 1.4301, 1.4541, 1.4404 oder 1.4571. Geht es nach dem Stahlverarbeiter und Spezialisten für Befestigungstechnik Modersohn, wird sich das aller Voraussicht nach in naher Zukunft ändern.

„Die hohen Rohstoffpreise – insbesondere der Legierungselemente Nickel und Molybdän – bringen den Markt für die genannten Werkstoffsorten stark unter Druck“, erläutert der Geschäftsführer der Wilhelm Modersohn GmbH & Co. KG. Bei einem Nickelanteil von etwa 10% (bei allen genannten Stählen) und einem Molybdänanteil größer als 2% (beim Stahl 1.4404 und 1.4571) bestimmen diese beiden Legierungselemente im Wesentlichen die rasante Zunahme des Legierungszuschlags.

Preisentwicklung unsicher

„Wenn man als Edelstahlverarbeiter die Börsenkurse an der Londoner Metal Exchange für die Metalle anschaut, könnte man schnell zu der Folgerung gelangen, dass mal wieder die Spekulanten und Fonds die Kurse künstlich in die Höhe treiben“, begründet Wilhelm Modersohn die rapide Preissteigerung bei den beiden Legierungelementen. Bei Nickel hat 1999 der Preis mit 3770 US-Dollar pro Tonne einen Tiefststand erreicht. In diesem Jahr ist er auf den Höchststand von 52375 Euro pro Tonne „hochgeschossen“.

Folglich drängt sich die Frage auf: Wie wird sich der Preis bei Nickel und Molybdän zukünftig entwickeln? Diese Frage könne keiner genau beantworten, sagt Wilhelm Modersohn. Jedoch sollte man sich nach seiner Ansicht über die Marktsituation im Klaren sein:

Molybdän wird nicht direkt an der Börse gehandelt. Lediglich Firmen der Molybdängewinnung sind börsennotiert. Die Londoner Metal Exchange kontrolliert nur etwa 10% des auf dem Weltmarkt gehandelten Nickelbedarfs. Fast die Hälfte des aus Minen gewonnenen Nickelvorkommens weltweit wird über drei große Konzerne vermarktet. Die Rohstoffverknappung für Nickel hat bereits um die Jahrtausendwende begonnen. Der starke Preisanstieg setze aber erst drei Jahre später ein.

Der Schrottanteil bei der Herstellung von hochlegierten nichtrostenden Stählen steigt ständig an und in einigen Herstellungsprozessen liefert das Schrottrecycling bereits den Hauptanteil der Legierungszusätze. Die Stahlhersteller legen den Legierungszuschlag, der bei einigen nichtrostenden Stahlsorten den Grundpreis deutlich übersteigt, selber nach einem „speziellen Berechnungssystem“ fest.

Obwohl in einigen europäischen Ländern bereits ein starker Absatzrückgang bei den austenitischen Standardwerkstoffen zu verzeichnen ist, steigt der Preis für die aus diesen Werkstoffen erzeugten Blechen und Profilen immer weiter. Einige Stahlwerke haben bereits damit begonnen Fertigungskapazitäten wieder zu senken. Diese Markthinweise machen deutlich, dass übertriebene Spekulationen an der Londer Metal Exchange nicht die Ursache für den hohen Preisanstieg sind.

Rostfreie Duplex-Stähle werden immer attraktiver

Wilhelm Mondersohn vermutet daher, dass es neben der hohen Nachfrage aus Fernost (China und Indien) noch andere Gründe für die radikalen Preiserhöhungen geben muss. Daraus folgert er, dass trotz Korrekturen die Preise auf „sehr hohem Niveau“ verbleiben werden. Erst ein globaler Marktrückgang würde die Preise deutlich purzeln lassen. So eine Krise sei aber derzeit nicht absehbar. Rostfreie Duplex-Stähle werden daher für den Geschäftsführer der Wilhelm Modersohn GmbH & Co. KG immer attraktiver.

Der Grund dafür liegt in den Anteilen von Nickel und Molybdän. Das gilt insbesondere für die so genannte rostfreien Lean-Duplex-Stähle der Korrosionswiderstandsklasse 3. In dieser Werkstoffklasse sind üblicherweise nur austenische A4- und A5-Stähle aufgeführt. Die Korrosionswiderstandsklassen 1 und 2 (A1-,A2-,A3-Stähle) umfassen dagegen auch die Chrom- und Chrom-Mangan Stähle. Auch diese Stahlsorten werden laut Wilhelm Modersohn neue Anwendungsbereiche erobern.

Institute und Verbände arbeiten an Studien über die Anwendbarkeit

Derzeit arbeiten laut dem Geschäftsführer alle namenhaften Institute und Verbände an Studien über die Anwendbarkeit der in den asiatischen Ländern besonders beliebten Werkstoffe. Allerdings werde in Europa aufgrund von zahlreichen Vorschriften (Normen, Zulassungen) und bürokratischen Hemmnissen eine breitgestreute Einführung „sicherlich noch länger“ andauern.

[Asynchronmaschine]

9,99

[Asynchronmaschine]

10,04

nie mehr einstellig!!!!!!
irgendwann klappt das

[Asynchronmaschine]

habt ihr alle verkauft?
muss ich hier doch glatt alleine feiern
10,20



unfassbar
dass dieser geile wert
völlig an der anlegergemeidne vorbei geht

[Schorsch°]

Antwort auf Beitrag Nr.: 33.047.069 von Asynchronmaschine am 14.01.08 22:06:17

Ich bin auch dabei. PROST!

[toynet]

Antwort auf Beitrag Nr.: 33.047.069 von Asynchronmaschine am 14.01.08 22:06:17

Must du nicht, bin auch noch da, habe aber nicht immer die Zeit, habe auch noch anständige Arbeit

Tys scheint gegessen, auf zu neuen Ufern, der Kurs holt das jetzt nach

TN

[Radikalinsky]

Antwort auf Beitrag Nr.: 33.035.368 von Asynchronmaschine am 13.01.08 20:50:59

Hat das jemand verstanden? Sollen wir aus Mo und Ni rausgehen und in Chrom und Mangan einsteigen? Weiß der Journar...list, was er eigentlich meint? Oder bin ich der einzige, der auf der Leitung sitzt?
Fragen über Fragen ...

@Async
Bin natürlich dabei. Läuft und läuft und läuft, ein echter Nobrainer.

Gruß, Rad

[Bulko]

Antwort auf Beitrag Nr.: 33.047.069 von Asynchronmaschine am 14.01.08 22:06:17

Ganz im Gegenteil! Habe vor Wochen noch draufgesattelt und das war gut so.
Gruß Bulko

[Asynchronmaschine]

China'a Jinduicheng Molybdenum to issue up to 538 mln A-shares in Shanghai
BEIJING (XFN-ASIA) - Jinduicheng Molybdenum Co Ltd, in which Baosteel Group holds a 1 pct stake, said it plans to issue up to 538 mln A-shares on the Shanghai Stock Exchange.
The China Securities Regulatory Commission (CSRC) will review the company's initial public offering (IPO) plan this Friday.
The company didn't say how much proceeds it would raise from the issue, but it did say 917 mln yuan would be used to acquire a 65 pct stake in Jinduicheng Ruyang, which owns a molybdenum mine in Henan province, from its parent Jinduicheng Molybdenum Group.
Proceeds from the issue will also be used for a technology upgrade and a molybdenum processing project.
Jinduicheng Molybdenum, Asia's top molybdenum producer, had a refined molybdenum output of about 30,000 tons in 2006, accounting for one third of the country's total, the company said in its draft prospectus.
Molybdenum is a hard, silvery-white metallic element used to toughen alloy steels and soften tungsten alloy.
China International Capital Corp and BOC International (China) Ltd are the joint underwriters of the issue, the company said.
(1 usd = 7.25 yuan )

übersicht "größte molyproduzenten"
http://docs.google.com/View?docid=ddvvqqdv_20fsx4g4" target="_blank" rel="nofollow ugc noopener">
http://docs.google.com/View?docid=ddvvqqdv_20fsx4g4
ML legt in ein paar wochen los

[fisch29]

Antwort auf Beitrag Nr.: 33.048.985 von Asynchronmaschine am 15.01.08 09:04:57

Guten Morgen,

hat ML eigentlich alle Genehmigungen für den Start der neuen Mine vorliegen?

[Asynchronmaschine]

joh, alles lange geklärt
in q2 geht die produktion richtig los
bisher produzieren sie ja pro quartal 2,7-2,9 mill lbs kupfer
das bereits seit 4 jahren

und sie mussten nur
ich glaube es waren 130 mill usd
an finanzmitteln für den ausbau der mine aufbringen

vergleich das mal
mit 600 mill und 900 mill bei aua und mol

in paar wochen startet phase 1 mit 25.000t erzverarbeitung pro tag

deshalb meine verwunderung
dass niemand ML kennt und das board so tot ist
wenn alles nach plan läuft
werden sie 2010 immerhin volle produktion fahren
und 15-16 mill pfund molyäquivalent fördern

kurse von 20, 30, 40 can dolllar
sind in reichweite

[fisch29]

Antwort auf Beitrag Nr.: 33.049.182 von Asynchronmaschine am 15.01.08 09:20:48

vielen Dank für die Info!

Das niemand ML kennt liegt doch daran das kein deutscher BB die Aktie pusht.
Das sehe ich aber als Vorteil für uns.
In 2010 wachen dann auch sämtliche BB`s auf und nehmen den Wert in ihre Musterdepots, die Lemminge springen darauf und wir steigen aus.

[JohnMole]

Schönen guten Abend,

lese schon seit einiger Zeit hier und im Roca-Thread mit. Seit heute bin ich bei beiden mit dabei. Hab dafür einen Teil meiner MOL verkauft, um auch mal Moly-Werte zu haben, die schon produzieren

Mercator hat übrigens gerade eben die Homepage getauscht. Die Infos sind die gleichen wie bisher, das Design ist aber deutlich ansprechender.

[Asynchronmaschine]

joh
das stimmt
die alte seite war grosser murks
neues design
neue vergrößerte verarbeitungsanlagen
wenn das nix wird

[Asynchronmaschine]

heute mal wieder ein übelstes massaker an den märkten
mercator mit nur -3,5%
noch ganz gut gehalten
sag ich jetzt mal
chart sieht ebenfalls noch gut aus
davon träumen viele nur

[Asynchronmaschine]

[Asynchronmaschine]

MINOR METALS EUROPE-Ferro alloys rise on China tax changes
Thu Jan 17, 2008 8:47am EST
LONDON, Jan 17 (Reuters) - Prices of steelmaking additives
known as ferro-alloys rose in Europe after major producer China
raise export taxes, merchants said.
Ferro-molybdenum MLY-FERRO-LON, which hardens steel for
use in oil pipes, traded between $79 and $80 per kg in the week
started Jan. 14, up from $73-74 at the end of last year.
"Export taxes are half the reason, and the other half is
tightness in (raw material) moly oxide," a dealer said.
"European demand is also strong."
Molybdenum oxide MLY-OXIDE-LON rose around $2 from last
week to $33.50-34 per lb.
Beijing doubled export taxes on ferro-alloys to 20 percent
at the start of 2008, in a an effort to encourage domestic
retention of valuable resources, and to deter investment in
industries that are both energy-intensive and a polluting.
Ferro-tungsten TUN-FERRO-LON, another metal that toughens
steel for engineering applications, rose $1 to around $35 per
kg, driven by the same factors as ferro-molybdenum, dealers
said. "I think prices will rise further," a London-based trader
said. "It's a combination of the taxes, and the fact that
tungsten concentrate supply is tight."
COBALT APPROACHES RECORD $50
Hi-tech metal cobalt COB-CATH-LON, used in batteries,
aircraft parts and hybrid vehicles, stepped closer to what would
be a landmark $50 per lb.
Producer BHP Billiton's (BLT.L: Quote, Profile, Research)(BHP.AX: Quote, Profile, Research) last reported sale
of high-grade metal was at $47.50, and by Thursday was offering
at $48.25, while metal was changing hands at anything up to $49
per lb on the spot market, dealers said.
Cobalt last reached $50 in 1978, according to traders, while
Reuters prices show it has almost doubled since the start of
2007.
A combination of strong demand for cobalt from makers of
high-performance aerospace metals known as superalloys, and the
prospect of tight supply from sources such as the Democratic
Republic of Congo, has led many in the market to pick cobalt as
one of the metals most likely to rise further in 2008.
Mining firm Norilsk Nickel (GMKN.MM: Quote, Profile, Research) raised its indicative
price for lower-grade Russian cobalt to $45 per lb on Thursday
from its last sale at $43.55.

[fisch29]

Die Lagerbestände vom Kupfer fallen, eigentlich ein gutes Zeichen.

[meinBrot]

Uiuiui....heute wurde ML doch noch anders hart gebasht -28%.... naja immerhin: Gute Kurse zum Einsteigen...

[meinBrot]

Edit: 1250 Aktien warens ^^ lol..... man sollte mal beginnen den ML und nicht den ML.WT Ticker zu verlinken, dort gingen 44k für -4% über den Tisch... anyway jmd freut sich jetzt über die 1250 Aktien

[Asynchronmaschine]

die bänker
The bank found out last weekend that a trader in Paris had secretly set up positions that will cost the company 4.9 billion euros before tax, Societe Generale said in an e-mailed statement today. The trader, who wasn't identified,
went beyond permitted limits on futures linked to European stock indexes.
Societe Generale said that it's already closed all the positions set up by the trader, who had used his experience working in the back office to hide his trades through fictitious transactions. The fraud was discovered Jan. 19 and 20.


Societe Generale deckt Händlerbetrug auf - 4,9 Mrd Belastung
Donnerstag, 24. Januar 2008, 08:47 Uhr

Diesen Artikel drucken
[-] Text [+]

auf deutsch kommst auch schon rein
unfassbar
5 mrd
nick leeson ist dagegen ein kleienr fisch mit seinen 800 mill P
aris (Reuters) - Die französische Bank Societe Generale hat einen Betrug bei einem ihrer Händler aufgedeckt, der negative Auswirkungen auf das Geschäft von 4,9 Milliarden Euro hat.

Das teilte die zweitgrößte börsennotierte Bank Frankreichs am Donnerstag mit. Darüber hinaus müsse das Geldhaus zusätzliche Abschreibungen von 2,05 Milliarden Euro im vierten Quartal vornehmen, die auf die Immobilienkrise zurückzuführen seien. Über eine Kapitalerhöhung wolle die Bank 5,5 Milliarden Euro einnehmen, um die Kapitaldecke zu stärken. Für 2007 geht Societe Generale von einem Nettogewinn zwischen 0,6 und 0,8 Milliarden Euro aus.

Großbanken weltweit haben derzeit mit milliardenschweren Abschreibungen angesichts der Auswirkungen der Hypotheken- und Kreditmarktkrise zu kämpfen.

[Asynchronmaschine]

8,35

ADE: HINTERGRUND: Betrüger bewegt Börsen - Hat er die Panik-Zinssenkung ausgelöst?
PARIS (dpa-AFX) - Auf den ersten Blick ist das Bild klassisch: Ein junger,
ehrgeiziger Bankangestellter verzockt lange unerkannt an der Börse Milliarden
und stürzt seine eigene Bank in die Krise. Doch kann ein einzelner Händler auch
weltweit eine Börsenpanik auslösen und am Ende die US-Zentralbank zur größten
Zinssenkung seit fast einem Vierteljahrhundert zwingen? Genau das, so meinen
Pariser Börsianer, scheint im Falle der Société Générale
passiert zu sein.
Ein "kleiner Händler" der Bank hatte 2007 und Anfang Januar viele
Scheingeschäfte getätigt. Der Mann sollte risikoreiche Geschäfte mit
Aktienindizes "mit Futures hedgen", also mit Wetten auf die Zukunft gegen
Verluste absichern. Doch er schummelte und behielt insgeheim viele riskante
Positionen, statt sie zu verkaufen. Als das Ausmaß des Betrugs am Sonntag
aufflog, machte die Bank sofort reinen Tisch: Alle Risikotitel wurden so schnell
wie möglich verkauft.
Das ging aber erst ab Montag, und da stürzten die Aktien auf breiter Front
ab. "Pech gehabt", sagt Bankchef Daniel Bouton. "Das ist Murphys Gesetz": Wenn
etwas schief läuft, läuft alles schief. Weil die Kurse fielen, summierten sich
die Verluste bis Mittwoch auf 4,9 Milliarden Euro. "Umgekehrt wird ein Schuh
draus", meinen dagegen manche Händler. Die massiven Verkäufe von DAX-Kontrakten
hätten erst zum "schwarzen Montag" geführt.
PANIKVERKÄUFE
Weil die US-Börse geschlossen hatte, stießen die Verkäufe am Montag auf
wenige Abnehmer. Die Kurse fielen und das löst auf dem sowieso schwachen und
verunsicherten Markt Panikverkäufe aus. Bei dem Kurssturz des DAX lösten sich
allein am Montag mehr als 60 Milliarden Euro in Rauch auf. Die Panik griff auf
andere Börsen über. "Dieser Albtraum hat die US-Notenbank erst dazu gebracht,
die Notbremse zu ziehen", sagt ein Händler. Der "kleine Händler" hätte damit
also unfreiwillig die Senkung der US-Zinsen erzwungen und die Großen der Welt zu
Krisensitzungen genötigt.
Die These ist nicht bewiesen. Ihre Anhänger führen an, dass schon Ende 2007
am Markt ein "mysteriöser Käufer" aufgefallen war, der damals mit dem Kauf von
DAX-Futures den deutschen Aktienindex stützte. Diese angehäuften Kontrakte
könnten es sein, die am Montag auf den Markt geworfen wurden und die Panik
auslösten. Bouton bleibt aber dabei, die Société Générale sei mit einem "im
Grunde schwachen Verlust" Opfer der "absolut gigantischen Marktprobleme"
geworden. "Wir mussten die Positionen unter den Umständen des schwarzen Montags
glattstellen."
HÖCHSTE VERLUST DEN EIN EINZELNER BANKER JEMALS VERURSACHT HAT
Dass die Franzosen erst am Donnerstag den Markt informierten, als sie alle
ihre Risikotitel los waren, begründet Bouton mit dem Schutz der Bank. "Hätten
wir am Montagmorgen gesagt, wie die Lage ist, wären die Verluste zehn Mal so
hoch gewesen", sagt er. "Es war unsere Pflicht, die Risikopositionen so schnell
wie möglich glattzustellen."
Das Ergebnis geht in die Annalen ein: Mit 4,9 Milliarden Euro ist der
Verlust der höchste, den jemals ein einzelner Banker verursacht hat. Der Händler
stellt selbst Nick Leeson weit in den Schatten. Der Händler hatte 1995 ein
Fünftel dessen verspekuliert und damit die britische Traditionsbank Barings in
den Ruin getrieben.
Anders als Leeson, der zuvor wegen riesiger Spekulationsgewinne zum Star der
Szene aufgestiegen war, sollte der Händler der SocGen dabei gar nicht auf große
Gewinne setzen, sondern im Gegenteil Verlustrisiken mindern. Er war ein "kleiner
Fisch" der Szene. Aber er überschritt seine Kompetenzen, verschleierte
Buchverluste mit Scheingeschäften und machte das so geschickt, dass er lange
Zeit nicht auffiel. Alle Kontrollmechanismen fielen aus, weil er sie von seiner
früheren Arbeit als Kontrolleur kannte und umschiffte. Fast alle: Weil er eine
Kontrolle nicht kannte, machte er einen Fehler. Was das war, wollte die Bank
vorerst nicht sagen./hn/DP/she

[Benson1]

Man Leute mit den Dollar-Zeichen in den Augen... wacht auf bevor es zu spät ist!

Die Moly-Blase ist kurz vor dem Platzen, letzte Chance mit einem blauen Auge davon zu kommen...


Sieht hier aus lauter Gier (Träume von Verfünffachung & Co ) mal wieder keiner wie das Spielchen läuft?


Wir stehen gerade am Beginn einer wetlweiten Rezession, ausgehend von den dämlichen Amis, die alles dafür getan haben, dass sie sich das nicht mehr verhindern läßt...

Rezession bedeutet, dass die Stahl-Produktion einbrechen wird (größter Zykliker unter allen Branchen) und dass demnach die Nachfrage nach Moly drastisch zurückgehen wird.


Gleichzeitig wurde in den letzten Jahren der Moly Preis künstlich in lächerliche Preisregionen hochgepusht - und zwar mit nur einem einzigen Zweck: FÜR BILLIGES MOLY IN DEN NÄCHSTEN 30 JAHREN ZU SORGEN!

Warum?

Man treibt den Moly Preis für 2-3 Jahre hoch, damit neue Moly Minen, die vorher nicht rentabel gewesen wären, nur so aus dem Boden schiessen... in spätestens 2-3 Jahren wird dann das Angebot an Moly sich ver-x-facht haben, während die Nachfrage aufgrund Rezession sogar zurückgeht oder sich nur unwesentlich erhöhen wird... es wird x-fach mehr neues Moly auf den Markt geworfen werden, während selbst Optimisten hier im Board von Nachfragesteigerungen von 6-7% p.a. sprechen...


Ergo: der Moly-Preis wird sich Zehnteln und gleichzeitig die Aktienkurse der sogenannten "Moly-Perlen"...


Fazit: rausgehen, bevor es zu spät ist - der Absturz wird steil und schnell kommen - die Handelsvolumia sind nicht groß genug, um zu viele Verkaufswünsche zu bedienen!

Kursziel: -80% in 12 Monaten

[Asynchronmaschine]

benson ist experte
er hält sky petr.
grüner chart

[Benson1]

Wer sich von höchstwahrscheinlich bezahlten Moly Pushern ins Verderben stürzen lassen will - viel Vergnügen!

Man muss nur bis 3 zählen können, um zu sehen, was sich hier für eine irrsinnige Blase gebildet hat!

[Asynchronmaschine]

klar
ich bin von der molybdän mafia
dazu abgestellt worden

[Asynchronmaschine]

und für
kupfer und
uran
bei EQN auch

[danatbank]

Klar, den Preis für die Molyweltproduktion die letzten 3 Jahren über um 10 Mrd.€ p.a. nach oben treiben, damit zwei 500 Mio.€ Projekte finanziert werden, die in dem jetzigen Marktumfeld vor dem Scheitern stehen. LOL

[Asynchronmaschine]

+ 1,0
9,08 can
keine 20% unter dem ATH
bei dem marktumfeld
+
fehlgeschlagene tys übernahme

[Benson1]

Antwort auf Beitrag Nr.: 33.170.395 von Asynchronmaschine am 25.01.08 16:23:35

Billiger Ablade-Push...


Der Schrott wird bald fallen wie ein Stein - und das wird richtig weh tun, weil sich die meisten an ihren Traumschlössern festkrallen...

[Asynchronmaschine]

niemand pusht den wert
diese perle kennen nur eine handvoll leute
zu diesem wert existiert nur
eine vernünftige deutschsprachige analyse
verfasst von 2 leuten
einer von den beiden
bin ich

hier ein auszug
...
"PRODDUKTION
Seit 4 Jahren fördert Mercator M. in in der Mineral Park Mine Kupfererz. In der eigenen SX-EW (solvent-extraction, electro-winning) Anlage wird daraus reines Kupfer gewonnen. 2007 hat Mercator M. 12 Mill. Pfund Kupfer gefördert.

Von der Kupfermine zum Molyproduzenten
Nun kommen wir aber zum interessanten Teil der Sache. Völlig unbeachtet von der breiten Anlegergemeinde findet bei Mercator M. nämlich gerade ein sehr beachtlicher Transformationsprozess statt. Am Ende diese Prozesses (2009) wird man von einem kleinen Kupferproduzenten zu einem der größten Molybdänproduzenten Nordamerikas zählen. Wie geht das, werden sich nun viele fragen? Nun, völlig unbeachtet von Anlegergemeinde begann Anfang 2007 der groß angelegte und sich über 2 Jahre erstreckende Ausbau der Mine mit allen dazugehörigen Betriebsteilen. Mit einem Aufwand $139 Millionen wird die tägliche Verarbeitungskapazität zunächst auf 25.000t -Start Q2 2008- und dann auf 50.000 t Erz -Q1 2009- hochgefahren. Im Ergebnis dessen wird die Mine Kupfer-Silber und Molybdänkonzentrat liefern. Umgerechnet auf Molybdän wird Mercator M. 15-16 Mill. Pfund Molybdänäquivalent pro Jahr liefern. Schon mit Beginn von Phase 1 in knapp 2 Monaten wird Mercator M. dann in eine ganz andere Umsatz- und Gewinndimension vorstoßen. Mit der Inbetriebnahme der vollen Produktionskapazitäten im 1. Quartal 2009 rückt Mercator, mit einer jährlichen Fördermenge von 10,3 Mill. Pfund Molybdän, 56.4 Millionen Pfund Kupfer und 0,6 Millionen Unzen Silber, zu einem der größten Molybdänproduzenten in Nordamerika auf. Auch im weltweiten Vergleich-siehe Tabelle unten- ist man dann ein ziemlich Großer. Desto erstaunlicher ist es deshalb, dass das Anlegerinteresse an Mercator M. nahezu Null ist. ...."

da fällt nix wie ein stein
200, 300, 400% kurspotential
ausgehend von heutigen kursen

[Benson1]

Antwort auf Beitrag Nr.: 33.171.310 von Asynchronmaschine am 25.01.08 17:23:58

Traumschlösser...


Der Moly-Preis fällt zurück auf 5$ und dann werden die meisten neuen Minen den Löffel abgeben.

Alles eine billige Blase - und mit Dummpush à la Assi werden die Leute auf Höchstkursen ins Verderben gestürzt...

[Asynchronmaschine]

neue minen??
das ist das problem
es gibt kaum neue minen
letztes jahr nur ROK
dieses jahr nur ML
nächstes jahr keiner

und mol und aua
steht in den sternen
tcm kämpft momentan
um 20 mill lbs pro jahr zu erreichen
climax 2010
gmo erst 2011
china produktion fallend
von 99 mill 2007 auf 89 in 2008
china steigend
eigenbedarf aber ebenfalls gut steigend

mo bedarf steigend
da fällt in den nächsten 2 jahren nix

[Asynchronmaschine]

chile produktion fallend 99->89

[Asynchronmaschine]

ich habe die tabelle mal auf stand gebracht
http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

mit der inbetriebnahme der 25.000 tpd anlagen
sind kurs unter 10 geschichte
noch 2 monate
und q2 mit der inbetriebnahme beginnt

ziel 30

[Asynchronmaschine]

MINING: DEBT FINANCING

Metal's there, money's hard to find
For junior miners, the credit crunch has made it almost impossible to raise capital
ANDY HOFFMAN

MINING REPORTER; With files from reporter Boyd Erman

January 25, 2008

In the midst of the greatest mining boom in history, being a junior miner is suddenly very grim.

While large producers are awash in cash to fund development projects, thanks to soaring metal prices, small companies with advanced-stage properties are finding it almost impossible to raise capital.

"The debt market is not there for us right now," said Ian Austin, the president and chief executive officer of Skye Resources Inc., which is trying to raise about $1-billion (U.S.) to finance a nickel project in Guatemala.

Skye, which has seen its shares plunge 55 per cent over the past year and 23 per cent in January alone, is by no means the only miner struggling with panicky debt markets.

Fellow Vancouver junior Adanac Molybdenum Corp. has been trying to raise $600-million in debt financing for its Ruby Creek project near Atlin, B.C., since October.

"It's difficult to get anybody's attention when the house is on fire," Mike MacLeod, Adanac's president and CEO, said yesterday in an interview.

As the scope of the credit crunch has widened, the plight of junior mining firms, hoping to go it alone and build projects without the financial help of senior producers, has taken a dark turn. The subprime mortgage market meltdown in the United States has saddled banks and other lenders with mountains of bad debt and heavy financial losses.

The recent whipsawing volatility experienced by equity markets has frayed nerves even further, and the appetite to increase leverage with risky high-yield debt associated with junior mining projects has all but disappeared.

"It's tough right now. It's hard for those types of companies to attract new investment dollars because of the lack of liquidity," said Egizio Bianchini, the head of the metals and mining group at BMO Nesbitt Burns.

The unwillingness to take on junior mining project financing could intensify an already severe shortage of new mines and metal supply. If demand for metals such as copper, zinc and nickel continues at current levels, commodity prices are likely to remain strong.

What is so frustrating for the junior miners is that little, if anything, about their projects has changed. Skye's $640-million Fenix project is still expected to produce 50 million pounds of ferro-nickel a year if the company can raise the capital to complete construction and begin production. Nickel is trading at just over $12 a pound, down from its record highs, but well above average historical levels.

The company hopes to start commercial production by late 2009, but to meet that target, Skye will have to complete its financing during this quarter. It had held off trying to raise capital until it completed the project's final cost assessment late in the summer - just in time for the subprime collapse.

"We just missed it," Mr. Austin said.

Given the recent plunge in its stock price, the expected 30-per-cent equity component of the financing would be more dilutive to shareholders. With the collapsing debt market, Skye is now considering taking on a joint-venture partner to help fund Fenix.

"It's been a bit of a downward spiral. The lower the share price, the more dilution has to come. In my view, the most likely outcome now is that they will have to joint-venture the project," said Orest Wowkodaw, an analyst at Canaccord Adams.

Mr. MacLeod said Adanac will continue to advance Ruby Creek, which it hopes will produce roughly 10 million pounds of moly a year, as best it can in the face of the challenging credit markets. With moly trading at a buoyant $33 a pound, Adanac had been hoping to achieve commercial production by the middle of next year, but it will have to complete the financing first.

"You've got to deal with the market as it is and keep moving forward," he said.

"If a junior stops, it dies."

[Asynchronmaschine]

voll krasser start
+8,5%
allerdings kaum umsatz

[Asynchronmaschine]

ich unterhalte mich mal weiter alleine über die perle
unter berücksichtigung des aktuell schwierigen marktumfelds an den börsen der welt
hält sich ML hervorragend
meine vermutung für 2008 war:
ML und ROK sind die Stars im moly sektor 2008
ROK wird noch mächtig kommen



auf 12 monatssicht siehts auch gut aus
wann werden wir bekannt?
WAAAAAAAAAAAAAAAAAAAAAAAANNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN?

[Punicamelon]

Antwort auf Beitrag Nr.: 33.198.584 von Asynchronmaschine am 29.01.08 10:00:02

Synchromaschinli,

Vielen Dank für die Vielen Infos, die Du hier einstellst, aber ich bin grösstenteils nur stiller Leser, das geht auch gar nicht anders, denn bei 18 verschiedenen Werten im Depot und die Moderation meines Öl Threads, bleibt kaum Zeit übrig.

Mercator ist Pflicht für Investoren, die an konstanten Marktpreisen bei Kupfer und Molybdän glauben. Die Marktcap von Mercator hat locker doppeltes Potential, der Knackpunkt der Storry wird sein, wie sich die Preise in den Nächsten 12-18Monaten halten und natürlich, ob alles beim Produktionsstart des Molybdäns glatt läuft.
Mercator hat ja noch ein paar Schulden, die abbezahlt werden müssen, je länger die Marktpreise konstant bleiben, je höher sind die Chancen, dass Mercator auch Richtung KGV 7-9 läuft, das wird sie bis Schuldenfreiheit nämlich garantiert tun.

Das wird schon, Geduld ist hier Oberstes Gebot, denn ein 10-Bagger ist die Aktie nicht mehr, jedenfalls nicht unter normalen Umständen,

dafür eine solide Aktie mit Wachstum Wachstum und nochmals Wachstum

Viele Grüsse Punicamelon

[Asynchronmaschine]

wennn mo und cu preise halten

KGV ---> http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

[Benson1]

Antwort auf Beitrag Nr.: 33.204.275 von Asynchronmaschine am 29.01.08 17:37:26

...tun sie aber nicht...

aber träumen ist ja erlaubt!


Der Moly-Preis ist eine Riesenblase, aus der bald mit einem großen Knall die Luft raus gelassen wird...

Und dann gibt's hier nen Scherbenhaufen!

[Asynchronmaschine]

schluss
9,05

[Asynchronmaschine]

Antofagasta
7 mill lbs weniger in 08 gg 07
Annual production for 2007 was 10,200 tonnes, a 4.1% increase compared with 2006, mainly due to improved grades. Molybdenum production is expected to be approximately 6,800 tonnes in 2008. The forecast decrease in production is mainly due to lower molybdenum grades in those areas of the mine due to be worked under the 2008 plan.

[Punicamelon]

Antwort auf Beitrag Nr.: 33.207.636 von Asynchronmaschine am 29.01.08 22:00:45

[Asynchronmaschine]

kaum umsatz
88.000 stück
9,2 ist ganz gut
nur 1,7 unter ath
bei dem umfeld ist das ok

einer der besten werte
auf der ganzen welt
und niemanden interessiert es
die loser
die bei 3,5,10 20 verkauft haben und werden
werden sich wudnern
wo das teil hinsteigen wird

[toynet]

Antwort auf Beitrag Nr.: 33.233.397 von Asynchronmaschine am 31.01.08 23:14:44

Bei 10 oder 20 konnte hier noch keiner großartig verkaufen?!

TN

[Asynchronmaschine]

das wird noch kommen
und dort dann verkaufen
ist ebenso ein fehler
wie bei 5,7 oder 9

[Asynchronmaschine]

schaut selbst
neue fotos sind da
bald gehts los


http://mercatorminerals.com/index.cfm?cm=Section&ce=details&…

[ChinaAktionaer]

Antwort auf Beitrag Nr.: 33.249.308 von Asynchronmaschine am 02.02.08 20:54:09

Asynchron,

Du bist für mich nur nen Spinner, ich werde Dir nun auch erklären warum.
Jeder der mal nen Vgl. zu BPM/TCM zieht, der sieht doch derzeitige Mk und zukünftige Gewinne. Bei Roca gibt es keinerlei Aussichten auf höhere Kapazität (mgm), dabei wurde das bei tcm schon klar definiert !

85 % Steigerung bei TCM 2008, was kann Roca bitte schön vorweisen ?!
Außer Phantasie leider nix, und das ist nun mal die Wahrheit !

Setzt man in solchen Zeiten nicht lieber auf Produzenten die ein klares Ziel definiert haben, und dann auch so günstig am Markt zu handeln sind ?!
Ich kaufe allein aus Sicherheit (bessere Kursgewinne wegen Produktivität 2009 ), eine TCM zu 16 c$, als eine Roca zu 2,50 C$ !
Bei Roca weiß keiner, ob die wirklich 5 mio. produzieren, bei tcm ist es sicher dass 17 mio. verkauft werden !
Mir pers. wäre das hier zu riskant, vor allem, was wird danach ?!
TCM setzt Ziel 2009 35 mio. Pound, kann da irgendwo Roca mit +100 % Produktion mithalten ?!

Wo denn bitte schön ?!

Hier gibt es nur eine Entscheidung, nicht Roca, sonder TCM, allein wegen der Fundamentalen Gegebenheiten her !

Gruß

China

[Asynchronmaschine]

vergleicht man die werte auf 12 monatssicht
sieht es doch bei rok nicht viel schlechter aus als bei tcm
und ML hat tcm klar geschlagen
gut, auf 2 jahressicht liegt tcm leicht vorne
noch
rok + ml haben klar gesteckte ziele
warum sollte sie die nicht erreichen
erreichen sie diese ziele
sind sie klar unterbewertet
und werden tcm outperformen
ML hat es ja letztes jahr bereits gezeigt
mein tipp für 2008 bleibt bestehen
ROK + ML schlagen TCM klar
zu petroworth sage ich nix
die lächerlichen testraten sagen alles

http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

[Asynchronmaschine]

Seit Anfang 2008 wurden die Börsen weltweit auf Talfahrt geschickt. Die Tatsache, dass sich die weltgrößten Banken ausnahmslos in die wahrscheinlich größte Miesere der Nachkriegszeit gestürzt haben, hat für enormen Vertrauensverlust in fast allen Branchen geführt. Geld, welches bis vor einigen Monaten scheinbar in schierer Unendlichkeit vorhanden war, ist nun zum Auslöser einer riesigen Katastrophe geworden. Viele Anleger fragen sich im Moment daher auch, wie es im Rohstoffsektor weitergehen wird und ich möchte Ihnen heute meine Einschätzung bezüglich dieser Branche mitteilen.

Schon längst hat die Bankenkrise nicht nur mehr die Banken fest im Griff, nein, auch die Realwirtschaft wird mehr und mehr von den Fehlspekulationen der Weltbanken in Mitleidenschaft gerissen. Der Motor der weltweiten Wirtschaft, die USA, ist schwerer getroffen als je zuvor und leider muss ich zugeben, dass ich der Meinung bin, dass wir uns erst am Beginn einer schwerwiegenden Krise befinden. Auch den Rohstoffmarkt hat es selbstverständlich heftig getroffen.

Dass es aber gerade diese Branche mit Kursabschlägen bei Einzelaktien von mehr als 70% besonders schwer getroffen hat, hat zahlreiche Hintergründe. Dass man mit Rohstoffaktien die hochspekulativsten Aktien überhaupt im Depot hat, sollten Ihnen bereits klar sein und schaut man sich die großen DAX-Werte an, die ebenfalls teilweise um mehr als 30% eingebrochen sind, so ist es wenig verwunderlich, dass auch große Geldsummen aus dem Risikosektor Rohstoffe abgezogen werden. Es liegt hier weder daran, dass Aktien wie Thompson Creek oder Freegold plötzlich schlecht geworden sind, vielmehr regiert hier die Panik und Anleger ziehen auf der Suche nach einem sicheren Hafen ihr Geld aus den Risikoinvestments heraus.

Noch sind viele Anleger, beispielsweise bei Freegold und Thompson Creek, stark im Gewinn, denn diese Aktien habe ich Ihnen schon vor geraumer Zeit, zu deutlich günstigeren Kurse, vorgestellt, doch genau diese Anleger nehmen nun auch Gewinne mit, um ihre Schäfchen ins Trockene zu bringen.

Bedingt durch die Kreditkrise ist nun eine Sonderkonstellation eingetreten. Dadurch, dass Rohstoffaktien meist nicht ohne Finanzspritzen durch Bankkredite oder Kapitalerhöhung überleben können, hängt die Branche nun an einem seidenen Faden. Wenn die Banken sich schon untereinander nicht mehr vertrauen und den Geldhahn zudrehen, dann sollte man sich wirklich ernsthaft die Frage stellen, wie wahrscheinlich es ist, einem Rohstoffexplorer Geld zuzuschießen, um eventuelle Goldressourcen durch teure Bohrungen zu finanzieren? Ganze Projekte und Liegenschaften könnten somit, wenn nicht genügend Eigenkapital in der Firmenkasse vorhanden ist, zum Stillstand kommen!

p.s.
das stammt nicht von mir

[Asynchronmaschine]

TRADITIONAL MOLY SOURCES DECLINING
CPM: Moly production, prices will continue new trend in ‘08
The rapid growth of global steel consumption is partly responsible for today’s strong molybdenum demand. However, the current moly rally is different from the long moly rally three decades ago.

Author: Dorothy Kosich
Posted: Monday , 04 Feb 2008

RENO, NV -

CPM Group Senior Analyst, Base Metals, Catherine Virga advocated that molybdenum production and prices will set a new trend this year and beyond.

In a presentation to the Association for Mineral Exploration British Columbia's Mineral Roundup, Virga suggested that the present rally in molybdenum prices differs from the 1970s moly price recovery because of shifting organizations of molybdenum supplies; the widening scope of molybdenum end-uses; and diminishing inventories.

"Conflicting long-term goals of by-product and primary producers had historically resulted in large swings in mine production," she explained. However, Virga believes that this year moly will be setting a new trend due to:

Molybdenum market is expected to become less dependent on by-product producers
Regional diversification of molybdenum mine production
Declining market share of dominant players
Reduced supplies from China.
The changing role of by-product producers, combined with tighter regulation on Chinese producers is expected to continue the present rally in molybdenum prices, according to CPM's analysis. The situation is compounded by a declining number of secondary moly materials-such as recycled stainless steel and catalysts--and a rising cost structure.

Meanwhile, CPM also noted that the scope of molybdenum end-users is expanding as the world's demand for cleaner energy grows.

Virga forecast that the overall contributions traditional moly-producing miners and nations to global molybdenum mines supplies will decline. While China's domestic molybdenum mine production is projected to be less than 120 million pounds annually through 2009, the country's exports of molybdenum oxide and ferromolybdenum are anticipated to dip as low as to 30 million pounds this year due to export quotas.

In the meantime, Virga anticipates that world moly demand will grow 5.8% this year, due in part to the increasing demand for cleaner fuels. She advised that airspace superalloy consumption will increase moly demand as the global airline passenger rate is forecast to grow at an average rate of 5.6% in 2009.

Molybdenum cash operating cost may undergo a three-fold increase to $11.00 per pound by 2011, Virga asserted.

Despite rising costs and decreased production, Virga advised that substitution for the metal is not currently a viable option because "molybdenum's robust properties limit consumers' ability to substitute for other metals in its numerous applications." She also noted that "substitute markets cannot support a large transition from the molybdenum market give their relative size."

Commodities research consultants, CPM Group,is based in New York City.

[Asynchronmaschine]

hier haben wir mal alles zu mercator zusammen gefasst

http://docs.google.com/Presentation?id=ddvvqqdv_25c5shmtdb

[Radikalinsky]

Antwort auf Beitrag Nr.: 33.269.288 von Asynchronmaschine am 05.02.08 10:29:01

@Async

Sehr schöner Überblick. Vielen Dank.
Kannst Dich als deutscher Webmaster bei Mercator bewerben

Gruß, Rad

[Benson1]

Leute, genießt noch kurz und intensiv die letzten Zuckungen auf Höchstniveau, bevor die lange harte Reise nach unten beginnt...

Der Moly-Preis kackt dahin bald ab, wo er hingehört... auf das historische Normal-Niveau von 5$!


Kursziel leider max. 1 Euro - mit etwas Glück.

[Asynchronmaschine]

beeindruckend
wie gut sich ML hält
aufs letzte jahr gesehen
liegen alle moly werte hinter uns

[Bulko]

Antwort auf Beitrag Nr.: 33.269.288 von Asynchronmaschine am 05.02.08 10:29:01

Gut Arbeit Async, Chapeau! Wollen wir hoffen, dass sich alles in der beschriebenen Weise materialisiert.
Gruß Bulko

[Asynchronmaschine]

tcm, mol, aua
heute mit minus von 5-6%

meine 2008--er favoriten
ROK + ML
im PLUS

bald wird ML höher als TCM notieren

wenn das der chinese liest
wird er wieder toben
ach was
soll er toben

[Asynchronmaschine]

The London Metal Exchange, the world's largest marketplace for copper and aluminum, hired Chris Evans from Metal Bulletin PLC to manage new products. Mr. Evans will start at the bourse in March and oversee a study into possible cobalt and molybdenum contracts, Adam Robinson, an LME spokesman, said yesterday. The 131-year-old exchange may offer trade in so-called minor metals as part of a plan to double trading volumes in the next five years. Mr. Evans is editor for industrial metals at Metal Bulletin.

[Asynchronmaschine]

ML + ROK

[Bulko]

Wo steckt denn der spiritus rector dieses Threads ?

[saltamonte]

Antwort auf Beitrag Nr.: 33.465.541 von Bulko am 25.02.08 12:03:25

"id-swap"

[Coxos]

Noch jemand hier?
11,30
Bei 20 wird dann hier wohl gar nicht mehr gepostet!

[Coxos]

Oh mein Gott!
11,70 und keiner mehr hier.

[Bulko]

Antwort auf Beitrag Nr.: 33.506.654 von Coxos am 28.02.08 18:18:29

Ich bin auch noch hier, staune und wundere mich ein ums andere Mal, dass diese Aktie von der WO-Community nur spärlich wahrgenommen wird!

[Coxos]

Ein Wert, der nicht von dubiosen BB gepusht wird, taugt halt nix.

[fisch29]

Antwort auf Beitrag Nr.: 33.506.654 von Coxos am 28.02.08 18:18:29

Weiss von euch einer wie lange asy noch gesperrt ist?

[saltamonte]

Antwort auf Beitrag Nr.: 33.507.216 von Coxos am 28.02.08 19:01:05

welcome back...;-)

[Punicamelon]

Traumhafte Kursentwicklung!

Mercator steht nur noch 6Monate entfernt von der geplanten und wichtigen Molybdän Produktion.
Der Produzentenstatus wird von der Börse immer kräftig belohnt, daher die unheimliche fundamentale Stärke, zumal auch der Molypreis konstant hoch steht und nebenbei ist ja immer noch Winter auf der Nordhalbkugel.

Moly ist begehrt und das ist auch gut so

[Coxos]

Und weiterhin keine Umsätze in Deutschland.
Dabei dürfte es weltweit nicht viele Werte geben, die in den letzten 1-2 Jahren diesen Lauf hingelegt haben.

[Coxos]

By Nick Jones
Minneapolis, Minnesota, U.S.A.
February 28, 2008
THE NAME OF THE GAME IS MOLYBDENUM, or just “moly,” for short — but for your sake and mine, I looked up the pronunciation: (m uh- lib- d uh-n uh m).
This metal has several interesting characteristics that make its usage integral to several forms of energy creation.
Moly has the sixth highest melting point of any element. It is highly corrosive resistant and doesn’t expand, contract, harden, or soften under extreme temperature changes. In fact, of all the commercially used metals, moly has the lowest heating expansion. For example, moly is used in making stainless steel; hence the corrosion resistance and life span of your shiny ratchet set.
Your Chance for Sky-high Profits
You could make two times, five times, or even ten times your money in just a few years. By getting in on the ground floor of the next great boom, you’ll be following the path of some of the world’s richest investors.
Moly is added to steel and cast iron to make metal alloys and superalloys that are much greater in strength. It can be found in anything from airplanes and cars to construction beams and filaments. This metal has tons of application and, better yet, is used in almost every aspect in the world of energy.
Molybdenum’s Applications in the World of Energy
As I said, moly is used to make high-strength metal alloys. It can be found in almost every modern drill. It greatly increases the strength of the drill and can limit technical mishaps, reducing costs. In that sense, moly is needed in every aspect from drilling exploratory holes in an oil and natural gas field to drilling the production and injection wells that go into getting a geothermal power plant up and running.
You can also find moly in the coal field. If it’s a longwall mining operation, it can be found in the shearers used to extract the coal and the conveyers used to transport it. In an open-pit, truck-and-shovel operation, moly is again used in both the extraction and transportation processes.
The corrosion resistance, combined with temperature insensitivity, makes moly very important in the production of oil and natural gas pipelines. The Alaskan Pipeline consists of a half-inch metal alloy that could handle up to 25,000 PSI and temperatures of negative 70 degrees Fahrenheit. You could find up to 7% moly in that 800 miles of pipeline. Without moly, you definitely wouldn’t be getting an above 99% reliability rate, which delivers the U.S. with approximately 775,000 barrels of oil per day.
Molybdenum is also used as a hydroproccessing catalyst in petroleum production. In English, moly is used to remove sulfur and nitrogen in making light, sweet crude. This is very important as the quality of oil is diminishing more as “the low-hanging fruit” in the oil world has already been picked. Canadian oil sands and the tar oil from Venezuela are examples of oil that contain high levels of external elements that need to be purged in order to create light, sweet crude oil.
Molybdenum can be found in every modern turbine used in a power plant. All power plants, except wind and water, directly use heat to turn a turbine. In the highly abusive environment of a turbine, strength, corrosion resistance, and heat insensitivity make moly the perfect industrial metal for power plant turbines. It greatly increases the life span, reducing the cost of the power plant.
In a geothermal power plant, moly can be found in the back-pressure turbine or the condenser and pumps that reinject the fluids back into the earth. In wind energy, moly is used in the actual structure of the windmill and can be found in everything from the bearings to the generator. In hydroelectricity, again, moly can be used in the turbines and generators.
Molybdenum’s contributions to the world of nuclear energy are by far the most significant. Without molybdenum, the nuclear world would be set back at least 20 years. Newly developed high-performance stainless steel (HPSS) contains up to 7.5% moly. I cannot stress the importance enough of HPSS to the world of nuclear energy. This alloy can more than triple the life of aging fleet condenser tubes. Fleet condensers, which are rather large, are used in the heat transfer process.
Brass, copper, and nickel made up the alloys previously used in fleet condenser tubes. Although these alloys were efficient in conducting heat, their life span was only eight years. HPSS conductors were brought into play about 30 years ago. As of right now, the longest HPSS conductor has remained in service for over 26 years and is still going strong.
Older copper alloy fleet condenser tubes had corrosion issues. This affected the power plant in a couple of ways. It allowed for the buildup of corrosive materials, reducing the efficiency of the power plant. Also, the corrosion rendered weak spots in the fleet condenser tube, which could then result in holes. This was just not acceptable, because chemicals like sodium and chloride could leak and damage other vital parts of the reactor. Corrosion resistance leading to less buildup of undesirable substances increased the capacity of reactors by up to 20%.
The importance of molybdenum in nuclear energy is undeniable. But it is also used in harvesting EVERY other form of energy. Moly is the only way you can play these markets all at once.
Just because moly is vital to these markets doesn’t necessarily mean that there’s a bull market in this industrial metal. But, the supply-and-demand picture proves there will be…
Supply and Demand of Molybdenum
Supply for molybdenum faces a similar conundrum to that of oil. Although there is current mine production significant enough to meet demand, refiners, or roasters, are expected to run into a shortfall. Guesses on when this shortfall is estimated to come fall somewhere between 2009-2015, depending on demand. Yes, that’s kind of a large range, but let me tell you where those numbers come from.
A roaster is similar to a refinery in that it processes the moly into a fine powder, pellets, or any other form of refined moly used in the industrial world. Total world moly roaster capacity can currently put out at an annual rate of 320 million pounds. That 320 million pounds also barely meets global demand. There isn’t much more roasting capacity left. The problem is that there is no one actively permitting for the production of any new roasters here in the United States, and roaster production looks grim on a global level as well.
The exact date is impossible to predict, but a roaster shortage is definitely on its way. The data above are based on one very important assumption. The assumption is that mines will also be able to increase their output. Western demand looks to increase by around 3% annually, while China and the CIS are looking at a demand increase of around 10% annually.
Globally, demand is expected to increase at around 4.5% per annum. Unless moly mine production picks up at a rapid pace, shortfalls of the silvery metal are expected to arrive around 2009. Note that we are talking about mine production, and not roaster capacity anymore.
This increasing demand can be attributed to two main factors. Hydroprocessing catalysts are becoming essential in today’s market for crude oil. The other contributing factor is the increase in nuclear reactors planned for production. There are 48 nuclear reactors to be built by 2013, and approximately 100 are to be built by 2020.
The International Molybdenum Association (IMOA) says that an average reactor contains about 520,000 feet of stainless steel alloy. Some larger reactors contain over 1 million feet of stainless steel alloy. With the metal alloy containing up to 8% moly — well, you can do the math.
China currently produces around 20% of global production. If global supply is able to keep up with global demand, which I sincerely doubt, we’re still looking at China beginning to hoard the one-fifth of global production that it currently produces.
Molybdenum has to supply the growing growth in all energy markets. More and more people are industrializing in the developing countries. That requires energy, and I expect that energy to arrive from numerous sources. The supply-and-demand picture presents us with a double-edged dagger: Roaster shortages are unable to keep up with growing demand or mine production is unable to keep up with growing demand. I see both of these scenarios as very likely, but only one is necessary to send the price of molybdenum to new highs. As one or both of these scenarios come to light, expect China to limit and eventually negate exports, only throwing gasoline on the already blazing fire...

Regards,
Nick Jones

[ChinaAktionaer]

Seit einigen Jahren haben wir nun schon die Ehre, zum weltweit wichtigsten Investorentreffen der Rohstoff- und Minenindustrie eingeladen zu werden.
Die "Global Metals & Mining Conference" von BMO Capital Markets, welche in diesem Jahr in Miami stattfand und am letzten Mittwoch endete, setzt Maßstäbe in Sachen Qualität bezüglich des Zusammentreffens von Investoren und Gesellschaften aus dem Rohstoffsektor.

Wie auch in den letzten Jahren, waren die beiden Visionäre Donald Coxe und Robert Friedland mit ihren Ausführungen zum Mittagsessen am Montag und Dienstag absolute Höhepunkte.
Donald Coxe ist der globale Portfoliostratege von BMO Capital Markets. BMO (Bank of Montreal) ist die größte Bank in Kanada und Donald Coxe wurde im Jahr 2007 zum besten Portfoliostrategen der Welt gekürt. Coxe ist seit 35 Jahren für institutionelle Kunden zuständig und seine Vorträge, gespeist mit einem unglaublichen Wissen bezüglich historischer Zusammenhänge und Ableitungen für die Zukunft, sind legendär. Hoch erfreut waren wir, als er den fast 1.000 anwesenden Zuhörern erzählte, dass wir gerade Zeuge von historischen Umwälzungen werden, die schon bald in die Geschichtsbücher eingehen werden. Bis circa 1800 n. Chr. waren China und Indien die führenden Wirtschafts- und Handelsmächte der Welt. Mit der industriellen Revolution, welche diese beiden Giganten verschlafen haben, hat sich dieses Verhältnis zu Gunsten Europas und der USA verschoben. Bis zum Jahr 2050 wird aber der "historische Normalzustand", der sich auch aus der Bevölkerungszahl ableitet, wieder hergestellt.
Das ist soweit nichts Neues und Sie als treuer und aufmerksamer Leser unseres Börsenbriefes wissen dies natürlich längst.
Coxe ist der Meinung, dass der aktuelle Zyklus im Rohstoffsektor sehr viel länger dauern wird, als sich dies "alle Zuhörer in diesem Raum" vorstellen können.
Während Rohstoffaktien seit Sommer 2007 vermehrt als "Risiko-Investments" gesehen werden (wegen möglicher US-Rezession), prophezeite er, dass sich diese Ansicht bald um 180 Grad drehen wird!
Das neue Hoch im Kupfer und vielen anderen Rohstoffen dürfte diesbezüglich ein erster Weckruf für Investoren gewesen sein.

Revolutionäre Vorhersage:
Rohstoffaktien werden von Risikopapieren zum "sicheren Hafen"!

Coxe prophezeite, dass die derzeitigen Bewertungsabschläge der als "riskant" angesehenen Rohstoffaktien sich in wenigen Jahren in Bewertungsaufschläge verwandeln werden!

Sprich: Wenn heute ein Rohstoffproduzent mit einem KGV von 8 bis 10 gehandelt wird, dann wird dieser in wenigen Jahren ein KGV von 15-20 und am Ende des Bullenmarktes gar von weit höheren KGV zugebilligt bekommen. Er schließt sogar ähnliche Exzesse wie bei den Technologieaktien Ende der 90er nicht aus.
Doch bis dahin seien wir noch mindestens 10 Jahre entfernt. Er ist sich sicher, dass dieser Umdenkprozess (dass Rohstoffaktien eben weniger riskant sind, als Technologie oder Finanzwerte und die meisten anderen Aktien) derzeit gerade angestoßen wird.
Coxe glaubt, dass die Annahme, Rohstofftitel seien kurzen Zyklen unterworfen, die größte Fehleinschätzung ist, welche im Markt vorherrscht. Aufgrund der gut 20-jährigen Baisse von 1980 bis 2001 seien viele Investoren bezüglich des neuen, langen Rohstoffzyklus immer noch skeptisch.

Hart ins Gericht ging Coxe mit der eigenen Analystenbranche. Die heute 25 bis 35-jährigen Analysten seien "Kinder der Technologiebubble" Ende der 90er Jahre. Es gibt heute immer noch zig Mal mehr Technologieanalysten als Minenanalysten. Erst wenn sich dieser Trend in den nächsten 10 Jahren umgekehrt hat und jeder Uni-Absolvent am liebsten ins Bergbaugeschäft oder Minenbusiness einsteigen will, dann sollte man hellhörig werden. Aber davon seien wir noch "meilenweit" entfernt.

Den US-Aktienmarkt (S&P 500) würde er schon aufgrund der Tatsache, dass darin nur 2 Rohstoffwerte enthalten sind, als klaren Underperformer der nächsten Jahre betrachten. Zudem rechnet Coxe, der Ende 2007 von Brendan Wood zum besten Strategen weltweit gekürt wurde, dass bei nun weiter steigenden Rohstoffpreisen bald eine weitere Übernahmewelle einsetzen wird. Besonders dann, wenn die Aktien weiter zum Teil auf "Rezessionsniveau" verharren und die Schere zwischen Rohstoff- und Aktienpreisen weiter auseinander geht.

Vor allem im Goldsektor ist in den nächsten 12 Monaten mit einer massiven Konsolidierungswelle zu rechnen - die Capital Markets-Abteilung von BMO sei derzeit "very busy" diesbezüglich! Je größer die Gesellschaft und die Reserven/Ressourcen desto größer werden die Bewertungsaufschläge bei Übernahmen ausfallen. Weltklasse-Liegenschaften von Explorern sollen nun immer mehr in den Fokus der großen Gesellschaften rücken.

Robert Friedland: Das große Bild - Rückblick und Ausblick
Robert Friedland ist in der Rohstoffbranche ein „Rockstar“. So zumindest wurde er von BMO angekündigt
und wir hatten nun bereits zum dritten Mal das Vergnügen, diesem Visionär und wohl größten Entdecker
und Projektfinanzierer der letzten Jahrzehnte zuhören zu dürfen. Friedland entdeckte etliche große Minen,
darunter die Fort Knox Mine von Kinross, sowie mit einer seiner Gesellschaften (Ivanhoe Mines) das größte
Gold-Kupfer-Vorkommen (Oyo Tolgoi-Projekt) der Erde in der Wüste Gobi (Mongolei), welches mit Rio
Tinto zusammen gerade in Produktion gebracht wird. Er gilt als extrem gut vernetzt und ist einer der nordamerikanischen
Pioniere beim Aufbau von Geschäftsbeziehungen mit asiatischen Ländern in den letzten 25
Jahren. 2006 wurde er zudem zur „Mining Person of the Year“ ernannt.
Vor Jahren sagte Friedland bei einem Kupferpreis von einem USD Notierungen von über 3 USD voraus und
wurde belächelt. Gestern begründete er, warum er kein Problem damit habe, dass Kupfer in den nächsten
Jahren auf 9 USD steigen könnte. Die revolutionäre These: Wenn man endlich ernst machen will mit
dem Klimaschutz und die Treibhausgase reduzieren möchte, dann sollte man der Menschheit klar machen,
dass dies nur mit einer Vielzahl von neuen Minen möglich ist. Warum?
1.) Weil wir dann hunderte neuer Atomkraftwerke bauen müssen, für die unendlich viel Stahl, Molybdän,
Uran und etliche andere Elemente benötigt werden.
2.) Weil Autos dann mit Hybrid oder Elektromotoren ausgestattet werden müssen, die alle 300 Pfund mehr
Metalle benötigen (vor allem Kupfer und viele seltene Metalle) als herkömmliche KFZ.
3.) Weil auch Wind– und Solarenergie (Windräder, Solarzellen) zur Herstellung Unmengen an kritischen
Rohstoffen benötigt.
Zudem machte er deutlich, dass China und Indien erst zwischen 2020 und 2040 (Indien) ihren Zenit in der
Rohstoffnachfrage erreichen werden. Die Energieprobleme nach dem Schneesturm in China, wo Teile des
Landes lahm gelegt wurden, haben ein Umdenken in China bewirkt. Dort wird jetzt massiv in die Energiesicherung
und die Nachschubsicherung (Rio Tinto-Einstieg) investiert. Alleine für 350 Millairden wird das
Eisenbahnnetz ausgebaut und modernisiert.
Zudem wünscht er sich Obama als US-Präsident, damit der Ruf der USA im Rest der Welt wieder besser
wird. Witzig sein Vergleich zwischen Enron und den Banken. Die Enron-Manager mussten ins Gefängnis,
weil sie sich mit Zweckgesellschaften außerhalb der Bilanz verspekulierten und die Bankvorstände bzw.
Verantwortlichen für die Kreditkrise laufen alle noch frei herum, obwohl sie mit ihren Zweckgesellschaften
nichts anderes machten! Die US-Notenbank sieht er extrem kritisch. Man hat den Kampf gegen die Inflation
aufgegeben. Lediglich in Europa versucht die EZB sich noch dagegen zu stemmen. Allerdings wissen
alle Notenbanker: Sowohl Zinserhöhungen als auch Zinssenkungen können weder den Ölpreis noch andere
Rohstoffpreise in Zukunft von weiteren Aufschlägen abhalten!

Gruß

China

[fisch29]

Kein guter Tag heute, der DOW spuckt uns mal wieder in die Suppe!

[Coxos]

MERCATOR MINERALS LTD (ML-TSX • $10.45)
George Topping: [phone]
[e-mail]
Published March 5/08

Mineral Park mine on budget and on schedule for near-term moly production.
Analysis & Forecast:
Management confirmed that the construction of the sulphide plant at the Mineral Park mine is roughly on budget and on schedule. 98% of the required equipment has been bought to date for the Phase I expansion (to 25 ktpd). The Phase II expansion to increase production to 50 ktpd should be commissioned in mid 2009 to produce a LOM average of 56mm lb per year cu and 10mm lb mo. We note that there is potential to monetize the mine's silver stream of ~600 koz per year. On the acquisition front, management indicated they will continue searching for undervalued assets that complement ML's existing operations. Valuation & Recommendation: ML is attractively valued. The company is trading at 14.9x 2008 CFPS and just 3.9x for 2009. Our target price of $15.50/sh is based on 1.1x NAV10% of $14.10. Maintain BUY.

DATA VIEW
BUY
52-Week High/Low $ 11.97 - $ 2.87
Shares O/S: Basic / FD (mm): 72.2 / 85.2
Market Capitalization ($mm): 754.5
12 Month Target Price: CAD $ 15.50

Forecast 2007E 2008E 2009E
EPS $0.12 $0.68 $2.51
CFPS $0.14 $0.70 $2.70

Valuation
P/E 88.9x 15.5x 4.2x
P/CF 73.0x 14.9x 3.9x

15,50 ist nicht schlecht.
Aber danach wirds weiter hinauf gehen.

[Zockempire]

Die Kupfer und Molypreise sind weiterhin auf hohem Niveau.

Bislang hat sich an dem exzellenten Szenario für Mercator Minerals nichts geändert.


Im Gegenteil, durch die Subprimekrisen etc. sind viele Produktions-Konkurrenten ins Hintertreffen geraten (Finanzierung), so dass Moly weiterhin teuer bleiben sollte.

[Coxos]

Wenn man bedenkt, daß die gegenwärtige Marktkapitalisierung nur dem Wert entspricht, den man aufwenden müßte, um die Mine aufzubauen, dann wird möglicherweise klarer, wie unterbewertet ML ist.
Phase 1 des Ausbaus ist bald abgeschlossen und Phase 2 liegt in einem Jahr auch hinter uns.
Das Mrd Moly, Kupfer, Silbervorkommen gibts für 0 dazu.
Undassbar!!!!
KGV 2010 ca. 2,5!!!!
Hier kann man nur eins falsch machen!
Keine Aktien im Depot!

Wir atmen mal wieder durch.

[Zockempire]

Leider Gottes ist ja Dauerpessimismus wegen den US-Krisen im Markt und spuckt uns in die Suppe. Sonst wären wir deutlich höher.

[Coxos]

Die Bewertungsmaßstäbe im Rohstoffsektor haben sich durch die US Krise völlig verschoben. Es laufen sogar Goldproduzenten mit KGV 3 rum.
Anstatt Rohstoffunternehmen höher zu bewerten (steigende Weltbevölkerung, steigende Nachfrage nach Rohstoffen und Energie), bewertet man einige Firmen mit nahezu 0

[Schorsch°]

Hat man wenigstens noch (!) Zeit sich ein großes Paket Aktien zu kaufen.

[Coxos]

Auch wenn wir völlig unbeachtet von der Anlegergemeinde unsere Bahn ziehen.
Wir sind der beste Molywert!!!!

[Coxos]

Freeport-McMoRan Copper & Gold Inc (FCX.N: Quote, Profile , Research) expects demand for molybdenum to remain strong, but only supply and demand factors can determine whether metal added to the market by reopening its Climax mine would cause prices to fall, said Richard Adkerson, chief executive officer of the world's largest molybdenum miner. "We anticipate the (molybdenum) market being good. It's roughly a 450-million-lb world market and we're adding 30 million lbs to that. So that's a significant change," the CEO said to Reuters at this week's Global Mining Summit. Adkerson was referring to the Phoenix, Arizona-based miner's plans to restart its Climax molybdenum mine near Leadville, Colorado, which has stood idle for 13 years. Asked whether he thought molybdenum added from Climax would lower global prices, he answered, "Supply and demand. It all depends what goes on from a demand standpoint. But moly consumption has been strong." He said he sees many positive factors in the marketplace for molybdenum, a metal used mostly in stainless steel. "In today's world," he added, "it is also used in special alloy steels. China is a big consumer, but it's also used in oilfield drilling. Drilling wells to 20,000 feet requires special casings to be able to produce at those levels.
Molybdenum is also used as a catalyst in some chemical markets and in certain oil refinery applications. Adkerson said Freeport would work to capture market share in both the chemical and metallic molybdenum businesses. "It's a strong market and that has led to the price increase. Now the question is, what's going to happen as a supply response," said Adkerson. Molybdenum oxide <MLY-OXIDE-LON> traded this week in London around $33 per pound, over 10 times levels seen eight years ago. Freeport said in December it would begin major construction this spring at Climax, a pure molybdenum mine thought to be the world's largest, highest grade and lowest cost undeveloped deposit. The mining giant plans to spend $500 million to restart the project that will come onstream in 2010.
He said the company could develop Climax at twice the roughly 30-million-lb rate planned by building more mill facilities and taking other steps. An industry shortage of milling facilities has caused backlogs in molybdenum output. "We're looking at global growth in capacity now. And we're in a great position to do it. That's why I said it's such a good business to be in," he said.
Though molybdenum is not a large percentage of Freeport's revenues, earned primarily from its giant copper operations, it is very profitable, he said. "It's a very valuable business and it's the right kind of business that a mining company wants to have ... be the global leader, with a low-cost position, and to have an expansion opportunity instead of a development." Climax has a low cash operating cost of about $3.50 a lb. "It's the best moly project in the world. We considered an array of molybdenum prices when deciding whether to move forward on the project. Climax was economically viable with $3.50 cash operating costs and a very low price." Sitting atop the Continental Divide, Climax has three rivers that provide about 7 percent of Denver's drinking water running near it, so Freeport will need to manage water issues.
Also at issue is the new molybdenum supply that will come from the world's copper expansion plans. About two-thirds of worldwide molybdenum comes as a by-product of copper mining. "That's going to come to the market under any circumstance and that was part of the issue we had to consider in deciding to reopen Climax," he said. (For other news from the Reuters Global Mining Summit, click on http://www.reuters.com/summit/GlobalMiningandSteel08?pid=500…

[Coxos]

Aus dem Übersee Brett:
Talked to Marc at Mercator. They will start producing moly in July and seling powder in August. They have been stockpiling ore and everything is good to go at this point for this time frame.
yeaAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.


BALD SIND WIR
MOLY PRODUZENT
SILBER gibts oben drauf

[Zockempire]

Antwort auf Beitrag Nr.: 33.635.878 von Coxos am 13.03.08 21:08:12

Es gibt kaum Aktien mit der Qualität, die Mercator Minerals aufweist.
Moly sollte oben bleiben, hier eine Einschätzung von Marktführer Thomson Creek:

$27/LB MOLY PREDICTED IN 2009
Thompson Creek forecasts bullish moly outlook, approves mine expansion

One of the world largest publicly traded, pure moly miners, Thompson Creek Metals, predicts that, despite growing demand, molybdenum supplies will be constrained for the next two years.
Author: Dorothy Kosich
Posted: Friday , 14 Mar 2008

RENO, NV -

As Thompson Creek Metals reported a profitable 2007 and an even more positive molybdenum outlook for this year, the company today announced that its board has approved the expansion of its Endako Mine from 28,000 to 50,000 tonnes of ore per day beginning in 2010.

The Toronto-based miner reported a net income of $157.3 million or $1.43 per share for 2007. The cash operating expense was $8.39 per pound.

The moly outlook is so bullish Thompson Creek Metals gave a 2008 guidance of molybdenum production to increase to between 23 million to 24.5 million, and exceeding 34 million pounds in 2009. In financial results published today, Thompson Creek said molybdenum price on world markets "is the single most important variable affecting the cash flow and profitability of Thompson Creek. Management expects that molybdenum prices will remain strong in the near term."

Proven and probably reserve estimates were revised at the Endako Mine, which have extended mine life to 27 years. The Thompson Creek Mine's proven and probably reserve estimates were revised, extending the mine plan another decade. Thompson Creek Mine anticipates completing the second study of its reserve study this year.

A 2007 feasibility study helped convince the board of directors for Thompson Creek Metals to approve the expansion of Endako. In a statement, Chairman and CEO Kevin Loughrey said, "Our estimates show that the Endako expansion will add to add to Thompson Creek's profitability and provide an attractive rate of return in the coming years even using price assumptions that are well below the current price of molybdenum."

The expansion also includes a modernization of the mill, which has been in operation since 1965, including a new grinding circuit of SAG and ball mills, a modern flotation circuit, and the upgrading of the roaster circuit. Subsequent to the expansion, the mill is anticipated to have the ability to more easily handle a variety of ore, and achieve greater recoveries than the existing mill.

Annual moly production as a result of the expansion is expected initially to be about 17 million pounds and will decline within two years of start up to 16 million pounds. The company assumed future moly prices of US$27 per pound in 2009, $23/lb in 2010, $17.50/lb in 2011, and $14/lb thereafter. The company estimates that the expansion will generate an internal rate of return of more than 20% over a 16-year mine life.

In its market forecast, Thomas Creek Metals management estimated that world consumption of molybdenum is in excess of 440 million annually, and has grown at a rate of 4% per year for the past two decades. "Molybdenum supply is expected to be constrained over the next couple of years."

"Barring a worldwide recession, demand for molybdenum is expected to continue to grow, and in the absence of hew supply coming from China as well as the numerous constraints on production growth outside of China, the price of molybdenum is expected to remain relatively strong for the near-term, if not longer," the company said.

[Coxos]

Standard & Poor's Announces Changes In S&P/TSX Canadian Indices
TORONTO, March 14 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes as a result of the Quarterly S&P/TSX Composite Index Review. These changes will be effective at the open on Monday,
March 24, 2008:
<<
S&P/TSX COMPOSITE INDEX
-------------------------------------------------------------------------
ADDITIONS
-------------------------------------------------------------------------
Issue Name Symbol 60/Completion Live Composite
GICS Sector Index
...
Mercator Minerals Ltd. ML Completion Materials, Div.
Metals & Mining
...

[Coxos]

Selbst während des Surfens muß ich diesen thread am Leben halten. Keiner in der Lage oder Willens?
Traurig aber wahr
Silver Wheaton Acquires Life of Mine Silver Production From Mercator Minerals

VANCOUVER, BRITISH COLUMBIA, Mar 17, 2008 (MARKET WIRE via COMTEX News Network) --
SilverWheaton Corp. ("Silver Wheaton") (TSX: SLW)(NYSE: SLW) is pleased toannounce that it has agreed to purchase all of the silver produced byMercator Minerals Ltd. ("Mercator") (TSX: ML), at itscopper-molybdenum-silver Mineral Park Mine in Arizona.

Upon thesuccessful close of the transaction, Silver Wheaton will pay Mercatoran upfront cash payment of US$42 million in order to acquire the silverproduced by the Mineral Park Mine over its entire mine life, for thelesser of US$3.90 (subject to a one percent annual adjustment beginningthree years after a minimum production level has been met) and theprevailing market price per ounce of silver. Payment for thetransaction will be drawn from existing credit facilities and SilverWheaton is not required to pay any further capital expenditures for thelife of the mine.

The Mineral Park Mine currently producescopper from SX/EW leach operations, but construction is well underwayon a flotation operation that will produce copper-silver and molybdenumconcentrates. Mercator expects that concentrate production willcommence before July 2008 from a 25,000 tons per day operation, withproduction increasing to 50,000 tons per day approximately nine monthslater. All permits for the expansion are in place and the expected minelife is 25 years. Payable silver production is expected to averageapproximately 600,000 ounces per annum over the first 21 years ofoperations and the ore body is considered to have excellent explorationpotential.

Mercator will provide a completion guarantee to Silver Wheaton, specifying a minimum production level by a certain date.

"SilverWheaton continues to deliver on its promise of accretive acquisitionsof silver streams," said Peter Barnes, President and Chief ExecutiveOfficer of Silver Wheaton. "Mercator has assembled an excellentoperating team and we are proud to be partnered with another successfulUS based copper producer from which we expect to begin receivingdelivery of silver this year. This is another example of how SilverWheaton can work with our operating partners to help them grow."

Mr.Randy V.J. Smallwood, P.Eng., Silver Wheaton's Executive Vice Presidentof Corporate Development, who is a "qualified person" as such term isdefined under National Instrument 43-101, has reviewed and approved thecontents of this news release. Production rates, reserves and resourcesare as reported by Mercator in a technical report dated December 29,2006.

Silver Wheaton is the largest public mining company with100% of its operating revenue from silver production. Silver Wheaton's2008 silver sales are expected to approximate 15 million ounces,increasing to 25 million ounces in 2010. Silver Wheaton is unhedged andwell positioned for further growth.

Mineral Park silver reserves and resources are as follows:

Mineral Park Mine Reserves and Resources(1,3,6,7)
Contained
Tonnage Silver Grade Silver
------- ------------ ---------
Category (million (grams per (million
-------- tonnes) tonne) ounces)
Reserves(2)
----------
Proven 315.9 2.85 29.0
Probable 81.3 2.45 6.4
------- ------------ ---------
Proven + Probable 397.2 2.77 35.4
------- ------------ ---------
------- ------------ ---------
Resources(4,5)
-------------
Measured 290.5 2.59 24.2
Indicated 154.2 2.64 13.1
------- ------------ ---------
Measured + Indicated 444.6 2.61 37.3
Inferred 198.4 2.33 14.9
------- ------------ ---------
------- ------------ ---------
Notes:
1. Mineral Reserves and Mineral Resources for Mineral Park have been
calculated as of December 29, 2006 in accordance with the standards
of the Canadian Institute of Mining, Metallurgy and Petroleum and
National Instrument 43-101.
2. The above Mineral Reserves do not include the low grade SX/EW
leachable Mineral Reserves of 82.5 million tonnes, which only
produce copper to the credit of Mercator.
3. Mineral Reserves and Mineral Resources are estimated using
appropriate metallurgical recovery rates in the calculation of
copper equivalent cut off grades.
4. Measured and Indicated Mineral Resources are inclusive of Mineral
Reserves.
5. Mineral Resources are reported using a 0.3% copper equivalent cut
off grade.
6. Mineral Resources which are not Mineral Reserves do not have
demonstrated economic viability.
7. As reported by Mercator in their technical report dated December 29,
2006. The report can be found at www.sedar.com.

[Zockempire]

Anscheinend braucht ML Geld um die Mine fertig zu stellen.

Diese Transaktion wird allerdings dem ML-Management noch leid tun.
Sie hätten wohl lieber ein paar Aktien ausgegeben.

[Schorsch°]

Antwort auf Beitrag Nr.: 33.662.940 von Zockempire am 17.03.08 16:57:35

Bitte mehr Infos zur letzten Nachricht. Mein Englisch ist nicht so gut. Vielen Dank.

[Vinyard]

Antwort auf Beitrag Nr.: 33.662.940 von Zockempire am 17.03.08 16:57:35

Das kommt drauf an wo man Silber langfristig sieht. Ich bin nicht so bullish; von daher finde ich den Deal ganz gut!

[Schorsch°]

Mein Bruder hat mal mit dem Englisch geholfen. Also, ich finde den Deal nicht schlecht. Irgend woher muß die Kohle kommen. Wie geschrieben, kommt darauf an, wo der Silberpreis steht.
Ich kaufe ML weiter zu. Es gibt keine Alternative.

[Coxos]

In diesem teilweisen grauenhaften Umfeld auf den Börsenplätzen der Welt -unbeachtet von der Anlegergemeinde- so einen Chart hinzulegen und dann noch ein KGV (2010) von 2,5 zu besitzen, das ist
DER WAHNSINNN

[Coxos]

10,85
Mercator Minerals "outperform," target price raised
03/24/08 - Macquarie Capital Markets
NEW YORK, March 24 (newratings.com) – Analysts at Macquarie Capital Markets reiterate their "outperform" rating on Mercator Minerals Ltd (ULH). The target price has been raised from C$11.50 to C$12.50.

In a research note published this morning, the analysts mention that the company has sold the life-of-mine silver production at its Mineral Park Mine in Arizona to Silver Wheaton for $3.90/oz. Mercator Minerals is to receive $42 million as an upfront payment, which would enable the company to accelerate the Phase 2 development and to realize budget and schedule synergies going forward, the analysts say.

Jetzt bin ich wieder ganz alleine.
Keiner will sich mit mir über diese Perle unterhalten

[Coxos]

aus dem überseebrett
News Monday, March 24, 2008
No end in sight for moly rally

Diminishing inventories, surging steel consumption and the widening scope of end-uses for molybdenum will sustain the current rally in prices for the base metal, according to the CPM Group, a New York-based commodities research consultancy.

Speaking at the PDAC convention in Toronto earlier this month, CPM Group's senior analyst for base metals, Catherine Virga, predicted demand for molybdenum will rise 5.8% this year – easily sustaining present prices.

Virga forecast molybdenum prices will climb to US$34 per lb. this year, up from last year's US$30.23 per lb., and could move significantly higher.

"On a short-term basis, prices could potentially spike towards $50 per lb later this year or in 2009," Virga told The Northern Miner in a subsequent e-mail exchange.

"Given the scope of the supply deficits the past few years, there is substantial upside to molybdenum prices in the event of a supply shock or further delays in bringing new projects online."

The price of the metal – which is predominantly used to enhance corrosion resistance and strengthen steel -- is determined between producers and traders. Molybdenum is not exchange-traded.

New supply is expected to trickle onto the market in 2009 but a shortfall is anticipated through 2010, she predicted.

Tighter regulation of Chinese producers has been one factor in declining inventories and higher prices.

"Steel producers in China are lobbying their government to keep more moly supply at home," Virga explained.

In February 2005, the Chinese government closed molybdenum mines in the Huludao area due to both tax fraud and safety concerns following several fatal coal mine accidents, according to Virga. The shutdown resulted in a nearly 40% loss in total Chinese molybdenum production. (Total molybdenum oxide production fell roughly 25%).

In November 2006, the Chinese government imposed exports duties on molybdenum oxide and ferromolybdenum. In June of 2007 the levies were raised to 15% for molybdenum oxide and 10% for ferromolybdenum.

Around the same time, Virga added, the government tightened its control over molybdenum products and imposed more stringent export quotas. These quotas continued to be tightened. In late October of last year, China's Trade Ministry announced further cutbacks in the 2008 quota. At the beginning of this year, the Chinese government doubled the export tax on ferromolybdenum, bringing it to 20%.

A number of other dynamics in the supply and demand scenario are also at play in buoying the outlook for the metal, however. Virga pointed out that the market is expected to become less dependent on by-product producers in the coming years.

Historically, molybdenum was produced as a by-product of copper production. But more primary producers will come on stream by 2011, Virga predicted.

That will likely mean a declining contribution from historically dominant companies such as Anglo American, Antofagasta, Codelco, Grupo Mexico, Rio Tinto, and Southern Copper, she forecast.

The majority of the world's molybdenum supply comes from copper/molybdenum deposits in the United States, Chile, Peru and Canada.

Primary molybdenum deposits, found in China, the U.S. and Canada, make up the largest portion of the remaining total global production.

The expanding energy sector will widen the scope of end-uses for the metal. Currently about 38% of demand stems from the energy sector, which uses molybdenum in transmission pipelines and drill stems; catalysts (hydroprocessing and hydrodesulfurization of crude oil, gasoline, jet fuel and low-sulfur diesel); nuclear power; chemical processes (smoke suppressants in PVC cabling) and petrochemical industries.

The metal is used in everything from offshore oil and gas pipelines, bio-fuel tanks, flue gas desulphurization in coal and oil burning plants, and in desalination plants.

Molybdenum is also used in the production of specialty lubricants (high-performance base oils, greases, synthetic fluids, bond coatings, friction products), pigments (paints, inks, plastic and rubber products, ceramics), plastics manufacturing, high-performance alloys (automotive parts, lamp filaments, glass manufacturing, heat shields and optical coatings) and super-alloys (superchargers, aircraft turbine engines, gas turbines, chemical and petroleum pants).

It can also be used in cast iron (diesel engine motor blocks, cylinder heads, mining, milling, crushing), and the tool industry (manufacturing of tools and the cutting or shaping parts of power machinery).

Transportation sectors such as aerospace, automotive, shipbuilding and rail also employ molybdenum extensively.

In the aerospace industry, for example, superalloys make up 50% of the weight of advanced aircraft engines. And super-alloy consumption will increase demand for molybdenum as the global airline passenger rate is forecast to grow at an average rate of 5.6% in 2009, Virga said.

Molybdenum cash operating costs for high-cost producers, those operations above the 90th percentile on the cost curve, may undergo a three-fold increase to $11.20 per lb by 2011, Virga said.

[Coxos]

Immer wieder gut zu sehen, was im Rohstoffsektor so passiert ist.
Es gibt nicht viele Gewinner. Aber unter den Wenigen ist ML
http://www.hostarea.de/server-03/Maerz-f86c39c8d9.pdf

[Schorsch°]

Antwort auf Beitrag Nr.: 33.734.980 von Coxos am 26.03.08 22:22:35

50 Dollar in 2009.!!!!

[Coxos]

Ich habe im Molybereich mit ROK und ML in meinem Depot die richtige Wahl getroffen.





Es hätte im Molybereich weitaus schlechter fürs Depot laufen können. Und nicht nur dort. Der Markt hat vielen Anlegern grauenhafte Kursverluste gebracht. Alleine die Währungsverluste bei Überseeaktien sind nicht von Pappe.

[Coxos]

Hört mal rein!
Was für eine Perle!!!!

http://wsw.com/webcast/vir/mrcmf/

[Coxos]

Das wäre eigentlich ein Wert, der hier bei w o die meisten Postings verdient hätte.
Aber weit gefehlt.
Eine Handvoll gutinformierter Anleger sitzt im Zug. Alle anderen ziehen es vor, mit Pusher Schrott Geld zu verbrennen.
Börse ist einfach nur verrückt!

[Bulko]

Hier ein echter Aprilscherz

Währungsreform zum 7. April 2008: Silber-Dollar neue Weltwährung
http://www.boerse-go.de/news/news.php?ida=812335&idc=213

[Coxos]

Mercator Financial Results for the Year ended December 31, 2007

(Stated in US Dollars unless otherwise indicated)

TRADING SYMBOL: TSX – ML

Kingman, Arizona: April 1, 2008, – Mercator Minerals Ltd. today announced operating

cash flow for the year ended December 31, 2007 of $19.34 million or $0.26 per share.

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the year

were $14.49 million compared to $12.28 million for 2006. After interest payments of

$12.06 million (made on the Notes issued by the Company in 2007) and $15.19 million

in non-cash items including accretion, amortization and stock based compensation (2006

$3.4 million), the Company recorded a net loss of $10.5 million or $0.16 per share,

compared with net income of $7.1 million ($0.13 per share) for 2006. Mercator ended

2007 with cash of $104.5 million and working capital of $102.4 million, even after

spending $52.1 million in capital to expand copper production at the Mineral Park Mine.

Subsequent to year-end, Mercator announced a $42 million silver off-take financing

arrangement. Combined, Mercator’s balance sheet and recent financing should be

sufficient to complete the Phase 4 expansion of the Mineral Park Mine, which is forecast

to increase average annual production over the first 10 years of milling operations to in

excess of 56 million pounds of copper, 10 million pounds of molybdenum and 600,000

ounces of silver in concentrates.

“Our operating cash flow over the past year, combined with our capital raisings, have

allowed us not only to aggressively advance the construction of Stage I of the Mineral

Park Phase 4 Copper/Molybdenum Expansion Project, but to accelerate the timing of the

Stage II expansion to 50,000 tons per day of mill throughput,” said Michael L. Surratt,

President and CEO. “This will result in Mercator becoming a significant producer of

copper and molybdenum by the end of 2008 and reach its objective of producing more

than 56 million pounds of copper and 10 million pounds of molybdenum in concentrates

ahead of schedule.”

"During 2007, SX/EW copper production at Mineral Park continued to ramp up as the

benefits of the Phase 1 and 2 expansions were realized,” said Mr. Surratt. Production for

2007 was 11.2 million pounds of copper, compared to 9.5 million pounds in 2006, an

18% increase year-on-year generating revenues of $36.1 million versus $31.1 million in

2006.

Financial Highlights for the Year ended December 31, 2007

• For the year ended December 31, 2007, the Company reported operating cash

flow of $19.34 million ($0.26 per share), compared with operating cash flow of

$20.2 million for the corresponding period in 2006, with increased financing and

administration charges in 2007 impacting operating cash flow;

• Production of 11.2 million pounds of copper in 2007 compared to 9.5 million

pounds of copper in 2007;

• For the year ended December 31, 2007, the Company reported a net loss of $10.5

million ($0.16 per share) compared with net income of $7.07 million ($0.13 per

share), for the corresponding period in 2006 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 $206,572,758 $53,222,670 for the year ended December 31, 2006;

• Cash and cash equivalents on hand at December 31, 2007 of $104,541,888 as

compared to $11,076,108 for the year ended December 31, 2006, and working

capital at December 31, 2007 of $102,361,082, as compared to a working capital

of $13,708,823 for the corresponding period in 2006;

• Subsequent to year end, Mercator’s subsidiary entered into an agreement with a

subsidiary of Silver Wheaton whereby it will sell its life-of-mine silver production

in exchange for an upfront payment of $42 million and later $3.90 per oz for each

ounce of silver produced and delivered. This agreement is subject to a number of

conditions, including approval by Mercator’s secured note holders. This

financing will allow Mercator to accelerate the Stage II of the Phase 4 expansion

of the Mineral Park mine to 50,000 tons per day of mill throughput.

• Gross Sales Revenue at Mineral Park, before expenses, for the year ended

December 31, 2007, was $36,069,928, compared to $31,010,071 for the

corresponding period in 2006, a 16% increase;

• Capital expenditures of $52,133,617 in 2007 primarily 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, 2007 and 2006 and related notes thereto available under

the Company's profile on www.sedar.com.

Mercator Minerals Ltd.

Mercator is a copper producer that owns and operates the Mineral Park

copper/molybdenum mine in Arizona, 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.

[Schorsch°]

Noch keine Kommentare zu den Zahlen?

Hier wurde geschrieben Ml steht 5 Monate vor der Produktion. Habe eigentlich gedacht die bauen schon ab? Ist die Finanzierung abgeschlossen? Kann es noch Probleme geben mit dem Aufbau? Kann einer der Altinvestierten mir mal den Stand der Dinge zusammenfassen? Möchte hier kaufen.DANKE

[Coxos]

ML Analyse in deutsch
http://docs.google.com/TeamPresent?docid=ddvvqqdv_25c5shmtdb…
ROK ebenfalls in deutsch
http://docs.google.com/TeamPresent?docid=ddvvqqdv_272wjhmbd9…

[Coxos]

Es kommt, wie damals schon sehr scharf analysiert
Aller Wahrscheinlich muß ich aber die 30 nochmal durch eine 40 ersetzen
Wer hier mit dabei ist, hat Ahnung von Börse und Aktien
Was interessiert uns die Banken/Kreditkrise, die die Deppen da angerührt haben

[Schorsch°]

Antwort auf Beitrag Nr.: 33.798.431 von Coxos am 03.04.08 13:31:38

Hey, super Seiten!!!!!!

[Bulko]

Antwort auf Beitrag Nr.: 33.805.103 von Coxos am 03.04.08 23:06:23

Hi Coxos,
Mercator ist ein treffliches Beispiel dafür, dass in der Ruhe die Kraft liegt!

Ich könnte mir gut vorstellen, dass die hoffnungsvollen Aussichten von Mercator div. Übernahmegelüste bei diesem und jenem Hirsch der Szene erwecken. Hast Du dazu schon mal etwas vernommen?

[Coxos]

Nein, und ich hoffe, da kommt nix.
Wieder über 11
11,18

Was für ein Wert!
Aber das habe ich bestimmt schonmal erwähnt

[Coxos]

[Videomart]

"Die größten Molybdänproduzenten der Welt"

http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

[Schorsch°]

Ich bin aus Moly Mine ausgestiegen, weil ich mir gedacht habe: Warum ein Risiko eingehen, wenn Mercator nur ein KGV von 2,5 hat. Da gibt es eigentlich keinen Grund eine andere Firma wie ML zu kaufen.....

[Videomart]

Heute war ein richtig guter "Moly-Tag",
doch Mercator hat leider geschwächelt.
Hat jemand eine Erklärung dafür?

[Coxos]

11,08
Wie oft habe ich jetzt schon das Überwinden der 11-er Marke gefeiert?

[Coxos]

China Copper Ore Imports to Rise 20% This Year, Trafigura Says

By Jae Hur
Enlarge Image/Details

April9 (Bloomberg) -- China, the world's biggest copper consumer, mayincrease imports of ore used to make the metal by 20 percent to arecord this year, said Trafigura Beheer BV, the country's top supplier.

Purchases of so-called concentrate, or processed ore containingcopper, may rise to 5.4 million metric tons from 4.5 million tons in2007 as China expands in smelting, said Simon Collins, director ofTrafigura Trading Shanghai Co., a unit of Trafigura. China would becomethe world's top buyer, surpassing Japan which bought 5.05 million tonslast year.

China's 11.4 percent economic growthin 2007, the fastest in 13 years, fueled demand for copper and pushedprices to a record $8,820 a ton on the London Metal Exchange on March6. Investment in cities and highways has spread to the center and westof the world's most populous country, increasing consumption of metalsfor power, homes, factories and cars.

``If you travel outsideof Shanghai and Beijing to provincial capitals and second-tier cities,you'll see an enormous amount of development going on,'' Collins saidby telephone from Shanghai April 4. ``I'm very bullish on China.''

Trafigura,a closely held commodities trader based in Amsterdam, is the largestseller of copper concentrate to China, supplying about 1 million tons ayear, said Collins, who is responsible for metals and mineralsoperations in the country. The company sells more than 600,000 tons oflead and zinc ore, and about 1 million tons of alumina a year, rankingin the top five suppliers of these materials to China.

200 Million People

Salesfrom metals and minerals totaled $11.3 billion in 2007, of which Asiacontributed $5.4 billion. The company's total revenue, including oil,was $51 billion.

The nation's consumption of metals will growfor at least two more decades because of a population shift from ruralareas to cities, Collins said.

``You're going to see a movement of probably 200 million people over the next 20 years to urban areas,'' he said.

Rising imports of copper concentrate may push down processing fees as smelters compete for scarce global ore supplies, said Takashi Murata, an analystat the Daiwa Institute of Research in Tokyo. That may reduce costs forBHP Billiton Ltd. and Rio Tinto Group. BHP won a cut of as much as 25percent in fees from smelters this year.

China imported 951,860tons of copper concentrate in the first two months of this year, up 32percent from 721,850 tons last year, according to the country'scustoms. Japan imported 746,570 tons, down 9.4 percent from 823,762tons a year before, Japanese customs data show.

``It's highly possible China will be the world's top buyer of copper concentrate this year,'' Daiwa's Murata said.

[Coxos]

Seite 2 aktualisiert
http://docs.google.com/TeamPresent?docid=ddvvqqdv_25c5shmtdb…

[Coxos]

Noch ne Meldung
Und das Pfund über 4USD
Copper demand will grow at 4% for a decade, Rio Tinto says

Rio Tinto said global demand for copper will grow 4% a year for a decade or more
Rio Tinto said global demand for copper will grow 4% a year for a decade or more

Rio Tinto said global demand for copper will grow 4% a year for a decade or more led by sales to China.

"That 4% growth can be sustained for at least a decade or even a generation," Vivek Tulpule, chief economist of London-based Rio Tinto, said April 9 at a briefing in Melbourne. That`s above historical demand, he said. "It`s a very tight market."

China`s 11.4% economic growth in 2007, the fastest in 13 years, fueled demand for copper and pushed prices to a record US$8,820/t on the London Metal Exchange on March 6. It may increase imports of copper by 20% to a record this year, Trafigura Beheer BV, the nation`s top supplier, said April 9.

"In 2009, either early or late, there will be an almighty rush to restock copper and we could see quite extraordinary things happen to the price," Tulpule said. He wouldn`t comment on specific prices."It`s entirely possible we have not yet seen the top."

Rio Tinto rose as much as A$2.80, or 2%, to A$140.20, and was at A$137.50 at 3:05 pm. Sydney time on the Australian Stock Exchange. It has gained 3% this year compared to a 13% decline in the benchmark index.

Chinese imports of concentrate, or processed ore containing copper, may rise to 5.4Mt from 4.5Mt in 2007, Trafigura said April 9. China would become the world`s top buyer, surpassing Japan which bought 5.05Mt last year.

The price of copper has gained 28% on the London Metal Exchange this year. It fell in London overnight, snapping a four-day advance, on speculation a US economic slowdown will erode demand for metals.

"The slowdown in the US economy is not expected to have an effect on commodity demand," Tulpule said. "If the Chinese economy does slow, the government could spend money and take its foot off the brakes on spending."

[Coxos]

Mal alles etwas zusammengefasst
http://maximumprofit.wordpress.com/
Musterdepot und Analysen

[Videomart]

Antwort auf Beitrag Nr.: 33.859.852 von Coxos am 10.04.08 18:49:59

Glaubst Du eigentlich immer noch, Mercator und Roca würden TCM
in 2008 übertreffen???

[Schorsch°]

Am Freitag hat ML sich wieder super gehalten. Ob jetzt der Ausbruch über 11 kommt??

[Coxos]

Joh, ML sieht hervorragend aus. Man muß dabei ja auch das allgemeine Umfeld berücksichtigen.
Von daher kann man nur sagen, super Aktie und super Verlauf. Unter 30 Euro wird nicht mal einen Verkauf gedacht

@ videom
hier ist noch alles drin
schauen wir Ende Dezember nochmal

[Coxos]

über 11 geschlossen
11,05
bei 144k stück umsatz

[Coxos]

oh
2. tag hintereinander über 11 geschlossen
11,09

bin gespannt
wann wir die 11 für immer hinter uns lassen
und die 20 in angriff nehmen

[Coxos]

[Videomart]

Antwort auf Beitrag Nr.: 33.898.249 von Coxos am 16.04.08 14:31:48

Ist der handgemalt???

[Coxos]

Blackmont mit neuen Kursziel
16,70

Copper/Zinc: Our forecast for copper has been too conservative. The metal is currently trading close to

$4.00/lb reflecting of fund investment, dollar weakness, and power issues in Chile. As such, we are increasing

our 2008 copper price to $3.45/lb from $3.00/lb. This requires the metal to trade at a still conservative

average of $3.43/lb for the rest of the year. We are also raising our mid-term price deck to $3.00/lb from

$2.50/lb, but maintaining our long-term pricing at $1.80/lb.



Molybdenum: We continue to believe the price of moly will move up strongly from the current $33/lb level

and reach $50/lb. However our $50/lb average for 2008 is too aggressive. Consequently, we are revising our

2008 forecast to $40/lb. This level requires an average price of $42.40/lb for the rest of the year. We

continue to be positive on the moly market, especially now as China has implemented an export tax (20% on

ferro-moly and 15% on other moly products) and export quota system (approximately 58 mm lb moly for

2008) on the metal. Antaike, a major metal research group in China, estimates that moly exports from China in

2008 will be approximately 66 mm lb (higher than the quota due to some contracts that were signed before

the quota), i.e. 10% lower than 2007. Longer term, we expect the RMB’s appreciation to curtail Chinese

expansion. As China produces approximately 30% of the world’s moly supply, we have increased our longterm

moly price, starting in 2012, by $1/lb or 7% to $16/lb.

[Videomart]

[Coxos]

Ohne die enormen Währungsverluste wären wir jetzt schon bei 8,5-9,5 Euro, statt der aktuellen 7,20 E.
Aber sonst läuft alles nach Plan
Wer bei 2-3 Can$ gekauft hat, wird in 2 Jahren auf 1.000 % zurückblicken.

[Videomart]

Antwort auf Beitrag Nr.: 33.900.149 von Coxos am 16.04.08 17:02:16

Aus welcher Quelle stammt der Artikel??

[Coxos]

Blackmont

über 12
und niemand im Molybereich kennt uns

DAS KANN NOCH WAS WERDEN
30, 40 irgendwo dorthin werden wir steigen

[Punicamelon]

Wow, diese Aktie macht wirklich Spass im Moment. Mercator profitiert zweifellos wegen der Produktionsnähe und den anhaltend hohen Molybdänpreisen.
Ich hoffe, dass die Molyproduktion pünktlich dieses Jahr anläuft. Im Nächsten Jahr rechne ich dann mit der Kupfer Vollproduktion, insgesamt steht das KGV dann auf heutigen 3,4 also locker nochmals doppeltes Aktienpotential.
Mercator hat Allerdings auch Schulden, dies werden wohl bis 2011 abbezahlt sein und dann rollt der Rubel so richtig

Mercator ist nachwievor ein klarer Kauf für mich, auf 1-3Jahressicht sollte der Kurs 50 oder 100% höher stehen,

MfG Punicamelon

[Coxos]

Nachdem die
"Beste Molyaktie der Welt"
Kobex Resources

ist.

ist der Weg ja frei, das ML diesen Titel übernimmt.
Ich widerspreche hier Punicam und sehe bei einem KGV von 3
die Chance auf einen ver3 -4 facher.
Produzent, 25 Minenlaufzeit, hohe Rohstoffpreise.
Die Zeit, wo man Rohstofffirmen mit KGV 6 gehandelt hat, sollten vorbei sein. Von daher sind 30-40 Can$ in 2010 kein Utopie, sondern eine sehr realistische Vorhersage, die gute Chancen auf Umsetzung hat.
Für die, die seit 2006-07 dabei sind, die Chance auf 1.000-2.000%
In Börsenzeiten, wie wir sie seit einiger Zeit erleben, ist solch eine tolle Kursentwicklung sicherlich nicht die Normailtät. Da muss man sich nur das Gejammere und die Durchhalteparolen in anderen threads anschauen.

Wir sitzen hier in einem super Zug und geniessen die Fahrt. Und sie ist noch lange nicht zu Ende.
Auf der Strecke befinden sich ebenso die Züge von WTN, DGO, EQN, ROK ...

[Bulko]

Antwort auf Beitrag Nr.: 33.924.871 von Coxos am 19.04.08 11:09:31

Hallo Coxos,
weißt Du wann WTN die Jahreszahlen 08 veröffentlicht?

[Coxos]

2007 wars so

Feb 9, 2007 Western Canadian Coal Announces Third Quarter 2007 Operating Results

Jun 29, 2007 Western Canadian Coal Announces Fourth Quarter 2007 Operating Results

Aug 14, 2007 Western Canadian Coal Announces First Quarter 2008 Operating Results

Nov 14, 2007 Western Canadian Coal Announces Second Quarter 2008 Operating Results

[Videomart]

Antwort auf Beitrag Nr.: 33.924.871 von Coxos am 19.04.08 11:09:31

Wir sitzen hier in einem super Zug und geniessen die Fahrt. Und sie ist noch lange nicht zu Ende.
Auf der Strecke befinden sich ebenso die Züge von WTN, DGO, EQN, ROK ...

Der Zug von ROK wird allerdings ständig abgebremst und ist ist daher für ein halbes Jahr auf ein Nebengleis verlegt worden.
Ob er jemals ankommen wird, ist fraglich...

Die Aktie ist zum Spielball eines US-amerikanischen Fonds geworden.

[Videomart]

Antwort auf Beitrag Nr.: 33.924.871 von Coxos am 19.04.08 11:09:31

Wenn wir schon über "die beste Molyaktie der Welt" reden,
dann sollten wir fairerweise die von Thompson Creek Metals nicht vergessen,
die in der Performance momentan klar vor Mercator Minerals rangiert:

[Bulko]

Antwort auf Beitrag Nr.: 33.926.451 von Coxos am 19.04.08 19:12:50

Danke!

[Videomart]

"Citigroup forecasts strong moly prices until 2010"
Wednesday, April 23, 2008

Molybdenum supply won't catch up with demand until 2010 and rising oil prices will only heighten the metal's value...

http://www.northernminer.com/issues/verify.asp

[Videomart]

"Wie wir gestern aus gewohnt gut unterrichteten Kreisen vor Ort in Toronto erfahren haben, sind derzeit mindestens zwei bekannte Großinvestoren im Explorationssektor dabei, ihre Portfolios zu „säubern“.

Dies geschieht jedoch (wie bei Banken und Finanzinvestoren in der aktuellen Kreditkrise üblich) nicht ganz freiwillig, da die Investoren (eine Adresse aus Kanada und eine aus London) ebenfalls auf Kredit investierten und die Linien nun gekürzt bzw. die Kreditbedingungen erschwert wurden. So müssen die zugrunde liegenden Investments zumindest teilweise veräußert werden. Insgesamt sollen gut 140 Aktien aus dem Junior-Mining- und Explorationssektor betroffen sein. Die ganze Verkaufsaktion soll unseren Infos zufolge schon seit Anfang März laufen und sich schon in den letzten Zügen befinden. Mitten in die Veräußerungswelle platzte Ende letzter Woche auch noch eine Horrornachricht aus Ecuador (siehe Updates von Freitag und gestern), nach der das Land die bestehenden Minen– und Explorationskonzessionen für 6 Monate aussetzt und in dieser Zeit ein neues Gesetz, welches den Bergbau und die Exploration im Lande neu regeln soll, beschließen wird (siehe dazu auch den Artikel in dieser Ausgabe!).


Doch nun auch das Gute an der Sache: Seit circa 2 Wochen finden sich bei außerbörslichen Transaktionen aus dieser großen Liquidation überraschend viele Käufer.


So sollen große Blöcke bei Aktien, die auch wir verfolgen, wie z. B. bei Premier Gold Mines, Powertech Uranium, Commerce Resources Uranerz, Forsys oder Advanced Exploration zuletzt relativ problemlos bei anderen Investoren platziert worden sein!
Im Nachhinein lässt sich somit auch die Kursschwäche des ein oder anderen Wertes, trotz fundamental deutlich verbesserter Lage, erklären. Im Umkehrschluss gilt jedoch: Achten Sie jetzt auf das Marktverhalten einzelner Aktien!
Denn: Wenn die Liquidierungen und Umplatzierungen abgeschlossen sind, die Aktien also von (zwangsweise) schwache in neue, starke Hände gewandert sind, dann dürfte man dies als erstes an der relativen Stärke erkennen.
Viele Aktien sind diesbezüglich bereits auffällig geworden. Was uns markttechnisch aufgefallen ist, können Sie in dieser Ausgabe lesen!


Mit den besten Grüßen aus Thunder Bay, Kanada, wo wir heute Premier Gold Mines besuchen,
Ihre Redaktion von www.rohstoffraketen.de

[Schorsch°]

Na, da werden wir hier auch mal einige Aktein sammeln. Rein Chartmäßig ist hier sowieso nichts passiert. Ich glaube, wir werden schnell wieder bei 12 D. stehen....da die Zwangsverkäufe fast beendet sind.

[Coxos]

11,03


mal schauen
wann das ein ende hat
ich will die 30 sehen

[toynet]

Antwort auf Beitrag Nr.: 34.019.765 von Coxos am 02.05.08 22:02:44

Coxos,

heute nix spritziges? Ist doch wieder über 11.

TN

Schönes WE allen.

[Videomart]

Spannendes Wettrennen!

[Coxos]

Nur noch wenige Wochen und Phase 1 startet
Ich werde mit dem

ausschenken gar nicht mehr hinterher kommen

[Videomart]

[Coxos]

Lumwana news, Kohle news, Mercator rennt.
Jetzt muß nur noch der Felsen anspringen

[Coxos]

Ein ziemlich guter Tag
ML 11,56
WTN 5,15
Lumwana auch im Plus
und sogar der Felsen mit 1 Cent

[Coxos]

12,27


Felsen laufen noch nicht
aber
EQN
WTN
GOZ
...
heute alles gut im Plus

[Videomart]

Antwort auf Beitrag Nr.: 34.040.197 von Coxos am 06.05.08 19:07:26

12,27 neues ATH!!!

[Diego22]

Antwort auf Beitrag Nr.: 34.040.200 von Videomart am 06.05.08 19:08:21

Schönes Volumen heute!

So kanns weiter gehen . . .

[Videomart]

12,10 Can$, ATH auf Schlußkursbasis...

[Coxos]

Wir werden wohl auch bei 20, 30 ... nur eine handvoll Leute sein
die hier posten
Wer hier vor 15-24 Monaten investiert hat
liegt mittlerweile viele viele hundert % vorne
Bei dem Börsenumfeld eine Topleistung
Normalerweise müssten wir unter den Top wo threads stehen, sowie fette Umsätze an den dt Börsen vorliegen.
NICHTS davon trifft zu

Wann kommt die Meute?
Bei 20, 30, 40???

[Videomart]

Antwort auf Beitrag Nr.: 34.042.201 von Coxos am 06.05.08 22:49:18

Eigentlich müßte sie längst da sein, bei dem Lärm...

[Bulko]

Antwort auf Beitrag Nr.: 34.042.201 von Coxos am 06.05.08 22:49:18

Wann kommt die Meute? -

Bloß nicht! In der Ruhe liegt die Kraft!

[Coxos]

beeindruckend oder?



und hier nochmal die Vorhersage, abgeleitet aus den fundamentalen Kennzahlen

[Diego22]

Antwort auf Beitrag Nr.: 34.044.302 von Coxos am 07.05.08 10:30:01

Hoffentlich können wir die 11, womöglich die 12 CAD endlich dauerhaft hinter uns lassen.

Fundamental sind sogar deine 30 CAD mittelfristig bis langfristig drin.

[Videomart]

Gibt es einen besseren Beweis für Stärke als den folgenden Vergleich?

[Coxos]

12,11

[Coxos]

Ziemlich ruhig hier
Ich kenne keinen Wert, der so steigt und gleichzeitig so wenig interesse hervor ruft
Auch wenn ich mich wiederhole
das ist unfassbar
selbst im Überseebrett ist kaum was los

[bmann025]

mal sehen, ob mercator nun die alternde tcm hinter sich läßt.

auf dauer sollte dies sowieso keine frage sein.

[Videomart]

Antwort auf Beitrag Nr.: 34.076.477 von bmann025 am 12.05.08 17:18:34

TCM beginnt heute mit der Verwässerung des Aktienkurses durch eine Kapitalerhöhung, das kann sich natürlich vorübergehend negativ auswirken. Dafür sind sie ab Juli 2008 schuldenfrei.
Nach der Planung wird die Firma in 2010 doppelt soviel produzieren wie in 2007.
Falls der Molypreis nicht fällt, bleibt das Wettrennen mit Mercator also weiter spannend.
Schön, wenn man in beiden Werten investiert ist...

[Videomart]

SK 12,21Cad, ATH (SK-Basis)

[Videomart]

"Mining industry hungry for growth despite credit crunch: study"
Tue May 13, 11:49 AM
The Canadian Press


TORONTO - Nearly half of the large mining companies interviewed for a recent study by Ernst and Young said they need to make acquisitions to meet their aggressive growth targets and 90 per cent said they expected to make an acquisition in the next two years.

The study, published Tuesday, predicts that 2008 will be a critical year in defining which of the mining companies are the hunters and which are the hunted.

"The global mining sector is flush with cash right now, and there's a strong appetite for more transactions," says Tom Whelan, Ernst and Young's Canadian mining leader.

"Companies in Canada and the U.S. are attractive targets because most companies in North America have a single metal focus. This makes them neat strategic acquisitions."

The study found 40 per cent of respondents - which were selected from among the top 40 mining companies in the world - said they were only able to meet their aggressive growth targets through acquisition.

It said this year will be definitive because the credit crunch in the world's capital markets has created a new challenge for the smaller mining companies without abating the demand for additional natural resources or the availability of funding for projects.

"While the credit crunch is proving to be a challenge for the juniors, it's not having a huge impact on the overall rate of consolidation. If anything, the rate of consolidation could accelerate in the short-to medium-term," Whelan says.

"The cost of debt has soared, but we aren't aware of any bankable transactions in the sector that haven't been completed because of debt availability issues."

Even with the banks and investment banks in disarray because of the meltdown in the U.S. mortgage industry that hit last summer, Ernst & Young said it found nearly 60 per cent of 2007 loans to the mining sector were made in the second half of the year.





Quelle:
http://ca.news.finance.yahoo.com/s/13052008/2/biz-finance-mi…

[Coxos]

Kampf um die 13


geht richtig gut voran mit unserer Perle
Im August wurde sie noch auf 4,20 abverkauft

[Coxos]

und sie läuft und läuft
bald steht ne 2 an 1. stelle
und dann ne 3

[Coxos]

neue Fotos auf der hp

[bmann025]

Antwort auf Beitrag Nr.: 34.116.406 von Coxos am 17.05.08 13:08:06

hallo coxos, weißt du was mit stoclhouse los ist?

[Coxos]

was soll los sein
es funktioniert

das einzig auffällige
dort ist ebenso wenig los
wie hier

[bmann025]

interessant, bei mir funktioniert öffnet sich die seite nicht mehr.

gibt es eine neue url oder voraussetzungen an den pc ?

[Coxos]

stockhaus hat umgebaut
haste womöglich noch nicht umgestellt
http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=ML&t=…

[bmann025]

Antwort auf Beitrag Nr.: 34.116.485 von Coxos am 17.05.08 13:29:12

Die angefragte Internetseite "www.stockhouse.com/Bullboards/SymbolList.aspx?s=ML" konnte nicht gefunden werden

[Videomart]

Antwort auf Beitrag Nr.: 34.116.530 von bmann025 am 17.05.08 13:41:13

Funktioniert auch bei mir einwandfrei:

http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=ML&t=…

[Videomart]

Antwort auf Beitrag Nr.: 34.116.485 von Coxos am 17.05.08 13:29:12

Hallo Coxos!

Habe 'mal eine Frage:
Ich halte ML in erster Linie aufgrund der zu erwartenden Stabilität des Molybdänpreises.
Leider ist Mercator aber auch abhängig vom Kupferpreis.
Wie siehst Du hier die zukünftige Entwicklung, den auch CU-Preis steht fast auf dem ATH?

Gruß
Vm

[Benson1]

Nicht mehr lange, dann werden die Moly-Gläubigen Lämmer zur Schlachtbank geführt...

Die Blase platzt und die Spätberufenen, die glauben jetzt - auf Höchstständen - noch reich zu werden, werden leider ihr ganzes Geld verlieren.

Es kommt bald soviel neues Moly auf den Markt, dass der Preis sich wieder im einstelligen Bereich wiederfinden wird... und mit ihm die Kurse der Minenwerte.

Die Zeche zahlen mal wieder die Lemminge.

Letzte Chance zum Ausstieg - bevor das Gewitter losbricht.

[Videomart]

Antwort auf Beitrag Nr.: 34.125.431 von Benson1 am 19.05.08 15:58:07

Seit wievielen Monaten postest Du diesen Unsinn eigentlich schon??

[Vinyard]

Tja, er hat wohl den Einstieg verpasst.........

[Videomart]

Wenn schon nicht gehandelt wird in Kanada,
dann muß eben der Wechselkurs für die heutige Steigerung sorgen...



Geld 8,39 Euro, ATH in FFM!!!

[Bulko]

Antwort auf Beitrag Nr.: 34.125.431 von Benson1 am 19.05.08 15:58:07

Ja, ist klar! Und am 30. Mai ist der Weltuntergang!

[Coxos]

SENSITIVITY TO METAL PRICES
Mercator offers huge leverage to changes in copper and molybdenum prices. At full capacity (50,000 tpd) and current metal prices (US$3.75/lb for copper and US$32.00/lb for molybdenum), the expanded Mineral Park operation has the potential to generate US$255 million in annual earnings or US$3.00 per fully diluted share and US$340 million in annual cash flow or US$4.00 per fully diluted share. At current metal prices the project pay-back period for the US$190 million expansion project is less than two years and the Company could easily redeem its outstanding US$120 million note issue!

Die Szenario würde mir gefallen
und wir hätten noch Luft für 200% Kursgewinn
Tja, alles hängt an den Cu, MoS2 Preisen
Keine Ahnung, wo sie 2010 stehen

aus
http://www.jenningscapital.com/pdfs/ML05152008Q108ResultsInL…

[Coxos]

hier endlich mal ein analyst mit ahnung
Ziel 30
analsye --> http://maximumprofit.wordpress.com/

[Punicamelon]

Antwort auf Beitrag Nr.: 34.136.023 von Coxos am 20.05.08 18:51:52

Coxos, Eigenlob stinkt

[Benson1]

Antwort auf Beitrag Nr.: 34.136.023 von Coxos am 20.05.08 18:51:52

Der Schrott fliegt euch bald um die Ohren... sorry.

Leider explodiert die Rohstoffblase bald.

[Coxos]

ML.T
ROK.T
WTN.T
CMK.T
EQN.T
GCE.T
...

[Bulko]

Antwort auf Beitrag Nr.: 34.143.388 von Benson1 am 21.05.08 15:51:39

Knallt es wieder in Deiner Birne?
Tja, das sind so Schübe! Die wollen ausgelebt sein!

[bmann025]

so oder ähnlich könnte mercator ebenfalls einmal in zukunft die ressource erweitern
http://www.forbes.com/afxnewslimited/feeds/afx/2008/05/18/af…

[bmann025]

noch mal kurz zu meinem problem mit stockhouse -> betrifft wohl nur t-online kunden in süddeutschland und ist mit http://anonymouse.org zu umgehen.
siehe auch http://www.wallstreet-online.de/diskussion/1141436-1-10/stoc…

[Videomart]

Obwohl ich persönlich nicht davon ausgehe, daß Mercator aktuell ein Übernahmeziel ist, stelle ich nachfolgend einen Auszug aus dem brandneuen Interview mit Ian McDonald, Vice-Chairman von Thompson Creek Metals, ein, welches eindeutig belegt, daß sich weiterhin einiges tut im Moly-Sektor:

"Wir prüfen momentan mehrere Molybdän- und Kupfer-Projekte auf derartige Möglichkeiten.
Dabei achten wir allerdings darauf, dass es sich um sehr fortgeschrittene oder bereits produzierende Projekte handelt, was es umso schwieriger macht ein geeignetes Projekt zu finden.
Wir bleiben am Ball und sind guter Dinge, dass wir unseren Aktionären baldmöglichst ein weiteres Projekt bescheren können."

Das gesamte Interview ist nachzulesen im TCM-Thread:
http://www.wallstreet-online.de/diskussion/1083768-1371-1380…

[Videomart]

[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…