Northland Resources auf der Jagd nach Kiruna 2 und spottbillig! - 500 Beiträge pro Seite (Seite 7)

[Taschenrechner]

Antwort auf Beitrag Nr.: 27.825.849 von e_type1 am 19.02.07 15:43:45

"Muttis" 2. Ich?

Tasche

[Haussse]

uiiiiKursrakete

[berhem]

war doch schon charttechnisch überverkauft, habe doch verscuht am 12.2. Interessierte wach zu schütteln. Jetzt geht es wiedder etwas aufwärts, und Konsoldierung und dann das ganze nochmal, also wer das Geld nicht dieses Jahr braucht sollte es vergessen und nächstes Jahr drauf schauen...Ich freue mich drauf..
Aquila ist auch ausgebrochen...

[No Use for a Na]

nochmals dank von mir an neono -hab heute schon fast 400% plus mit den nordländer habe aber zwischendurch immerwieder gewinne realisiert bin aber immernoch mit ner kleinen aber feinen position dabei!!

grüße
an
alle
nordländer

[Neono]

Antwort auf Beitrag Nr.: 27.824.907 von tradinchen am 19.02.07 14:55:29

Nach 15 Monaten und 228% Gewinn tut mir das bestimmt nicht weh

Das Geld ist gut untergebracht und ich bin happy. NAU ist bestimmt keine 300mio Euro wert derzeit und weit weit von einer Produktuion weg. Dann warten noch 50mio Stücke aus den letzten PP'S auf Dich.

Stell Dich mal auf Turbulenzen ein

Neono

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.839.056 von Neono am 19.02.07 23:20:39

Wie kommst du auf 300 Mio Euro?

Cheers

[Neono]

Antwort auf Beitrag Nr.: 27.840.630 von Great Gatsby am 20.02.07 08:43:33

Wieviel Gewinn willste denn von hier weg noch machen? 100% mach ich bei fast jedem Investment und da sind die Risiken naturgemäss weitaus geringer

Neono

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.840.657 von Neono am 20.02.07 08:45:52

Lustige Antwort!

Cheers

[Neono]

Antwort auf Beitrag Nr.: 27.840.699 von Great Gatsby am 20.02.07 08:49:16

Ich erwarte wohl zuviel.... sorry

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.840.784 von Neono am 20.02.07 08:54:56

Meines Wissens ist die Kapitalisierung derzeit bei knapp 170 Mio. Euro. Ist natürlich nicht wenig, schon klar! Dass wir hier aber nicht die Gegenwart sondern die Zukunft handeln liegt auf der Hand (gilt für den grossen Teil der Rohstoffproduzenten). So gesehen ist deine Feststellung des "Wertes" des Unternehmens eher philosophischer Natur.

Also, easy und durchatmen. Wer die Zukunft rosa sieht, kauft. Wer nicht, lässts sein.

Cheers

[Neono]

Antwort auf Beitrag Nr.: 27.840.784 von Neono am 20.02.07 08:54:56

Ich versuche immer Aktien in einem very early stage zu finden. Dabei spielt vor allem Management eine grosse Rolle. Mein Risiko ist dabei naturgemäss sehr gering und das Upside Potential sehr hoch. Eine Northland mit einer Marketcap von 10mio Dollar war bestimmt risikoärmer, als eine Northland mit einer Marketcap von 270mio Dollar. Das Risiko steigt natürlich mit höherer Marketcap und das Upside Potential sinkt.

Ergo nehme ich mein Geld dann raus, wenn ich meine, dass ich genug verdient habe und suche mir was anderes, wo mein Risiko wieder geringer ist. Wenn man Simon Ridgway spielt, dann kauft man jetzt Landmark. Das ist seine Uranklitsche.

Es gibt keine Garantien auf Gewinne, aber man kann sein Risiko minimieren. Mit einer Marketcap von 8,5mio Dollar und den gleichen Machern im Hintergrund sind die Chancen auf einen Verdoppler grösser, als bei einer Northland, die dann 300mio Euro kosten würde.

Das hat nichts mit der Firma Northland Resources zu tun. Die Firma ist Top und hat eine grosse Zukunft vor sich, aber, und das ist der entscheidende Punkt, es gibt "sicherere" Sachen, wo man sein Geld versenken kann.

Risikominimierung bei gleichem und sogar weit grösserem Upsidepotenzial ist das Ziel. Es funzt, wie ich an meinem Konto sehen kann

Neono

[Neono]

Antwort auf Beitrag Nr.: 27.841.050 von Neono am 20.02.07 09:11:30

Oder: Je höher man steigt, desto dünner wird die Luft

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.841.050 von Neono am 20.02.07 09:11:30

Ich sehe, wir verstehen uns.

Cheers

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.841.195 von Great Gatsby am 20.02.07 09:19:27

Charttechnisch sind kurzfristig 2.45 Euro drin.

Cheers

[erhome]

20.02.07 09:51 Marked=OB NAUR OSLO BØRS - MATCHING HALT børspause

Oslo Børs is investigating movements in the share price.

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.841.851 von Great Gatsby am 20.02.07 09:53:46

Soeben ist in Frankfurt ein 30'000er Kauf über den Tisch gegangen!

Cheers

[erhome]

20.02.07 10:10 Marked=OB NAUR OSLO BØRS - MATCHING HALT ENDS børspause

Oslo Børs has reviewed price movements. Matching halt to
end. There will be a pre-trading session (CLIN) until 10:14.

[Maettel]

Hallo, habt Ihr da Kursziele, wie weit kann das Teil nach oben laufen!

[tylerdurdn]

Antwort auf Beitrag Nr.: 27.842.341 von Maettel am 20.02.07 10:16:51

manche Analysten haben von einer fairen Bewertung aufgrund der vorliegenden Bohrergebnisse von 29 NOK gesprochen.
Diese Analysten sagten jedoch auch, das das Kurspiel auf 40 NOK heraufgesetzt wird, sollte die noch ausstehende Bohrprobe ähnlich gut ausfallen (wovon die meisten jedoch ausgehen )
Die Ergebnisse der letzten Bohrung sind innerhalb der nächsten zwei Wochen angekündigt.

ps:
1 Norwegische Krone = 0.12436 Euro
1 Euro (EUR) = 8.04114 Norwegische Krone (NOK)

[tylerdurdn]

Antwort auf Beitrag Nr.: 27.842.341 von Maettel am 20.02.07 10:16:51

kannst dir ja selbst ausrechnen, wie weit das Teil kurz - mittelfristig noch nach oben geht

[Dogan05]

Antwort auf Beitrag Nr.: 27.842.963 von tylerdurdn am 20.02.07 10:43:06

Hallo wo ist denn die heimatbörse von dem Teil Can ??

[MaxAG]

Antwort auf Beitrag Nr.: 27.842.997 von Dogan05 am 20.02.07 10:44:43

Heimatbörse Oslo

Hier der Chart in NOK

[Dogan05]

Antwort auf Beitrag Nr.: 27.843.070 von MaxAG am 20.02.07 10:48:29

Ok danke noch eine Frage habe ich wann sind denn Öffnungszeiten in Oslo ?`?

[Maettel]

Antwort auf Beitrag Nr.: 27.842.906 von tylerdurdn am 20.02.07 10:41:01

Das wären also fast 5 Euro, wahnsinn!
Na dann lassen wir die Gewinne laufen!

[MaxAG]

Antwort auf Beitrag Nr.: 27.843.122 von Dogan05 am 20.02.07 10:50:05

Ich bin mir nicht ganz sicher

Ich glaube ab 10 Uhr

Dem Tageschart zu urteilen wohl ab 9 Uhr

[tylerdurdn]

Antwort auf Beitrag Nr.: 27.843.144 von Maettel am 20.02.07 10:51:18

[berhem]

Lasst euch nicht beirren, bleibt sitzen und genießt die Fahrt..

[tylerdurdn]

Antwort auf Beitrag Nr.: 27.844.090 von berhem am 20.02.07 11:34:37

meine Rede,
jetzt is halt echt nicht der Zeitpunkt um auszusteigen,
aber das muß ja jeder selbst wissen,
ich sag nur anschnallen und geniesen

[tylerdurdn]

Antwort auf Beitrag Nr.: 27.844.479 von tylerdurdn am 20.02.07 11:51:10

Werft auch immer mal einen Blick auf den Kurs in Oslo.

[goldeneshaendchen]

Vancouver, February 20, 2007: Buck Morrow, the President of Northland Resources Inc., is pleased to announce that the trading restriction previously imposed by the TSX Venture Exchange with respect to trades in Canada of the Oslo private placement and prospectus shares issued in October 2006, expires on February 20, 2007 and the shares become "free of the restriction" on the Oslo Børs on February 21, 2007. The TSXV restricted shares of Northland currently trade on the Oslo Børs under the ticker symbol NAUR.R and the ISN Code is CA6665272051. As of Wednesday, February 21, 2007, the shares will be combined with the shares issued in the Company's May 2006 private placement, so that all Northland shares listed on the Oslo Børs will trade under the ticker symbol NAUR and ISN Code CA6665271061. Background Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland. ON BEHALF OF THE BOARD "Buck Morrow" NORTHLAND RESOURCES INC. The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release. CONTACT INFORMATION Northland Resources Inc. Buck Morrow, President Ralph Rushton / Karen Davies, Investor Relations Toll Free: 1-866-719-8962 www.northlandresourcesinc.com http://www.northlandresourcesinc.com/ Copyright © Hugin ASA 2007. All rights reserved.

[goldeneshaendchen]

Antwort auf Beitrag Nr.: 27.848.765 von goldeneshaendchen am 20.02.07 15:02:36

20.02.2007 12:38:00 (HUGIN)

[Stutti2000]

Antwort auf Beitrag Nr.: 27.848.784 von goldeneshaendchen am 20.02.07 15:03:33

Könnte dies mal jemand übersetzen. Danke.

[tylerdurdn]

alle angeschnallt?
hoffentlich keiner rausgefallen
na dann kanns ja wieder nach oben gehn

[goldmaki]

Antwort auf Beitrag Nr.: 27.853.780 von tylerdurdn am 20.02.07 18:07:06

Danke für das heutige Abstauberlimit zu 1.98 - Lemmingrasur????

Gruß goldmaki

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.881.665 von goldmaki am 21.02.07 18:11:27

Bei Northland entsteht aktuell wieder Kaufdruck. Mal sehen, was uns der Tag noch bringt.

Cheers

[kokkie535]

Guten Abend...


Ich bin am überlegen mir ein Paar Stück ins Depot zu legen .

Gibts irgendwelche Kursziele? Seid ihr weiterhin optimistisch ?

[tylerdurdn]

Antwort auf Beitrag Nr.: 27.910.009 von kokkie535 am 22.02.07 21:23:24

kursziel vom norwegischem Investmenthaus Pareto Securities wurde auf 28 NOK festgelegt, ...

...
sollte die dritte Bohrung beim Eisen- und Titanerzprojekt Hannukainen ähnlich gut ausfallen wie die bisherigen zwei Bohrrunden, haben die Analysten von Pareto Securities für diesen Fall eine Anhebung des Kurszieles auf über 40 NOK angekündigt,...

..die Ergebnisse dieser dritten Bohrung werden innerhalb der nächsten 14 Tage erwartet...

[goldeneshaendchen]

Antwort auf Beitrag Nr.: 27.910.009 von kokkie535 am 22.02.07 21:23:24

Hallo,

Also ich bin weiterhin sehr optimistisch! Ein Kursziel kann ich dir nicht nennen aber ich denke da geht noch einiges.
Aber du musst selbst entscheigen ob du einsteigst oder nicht.

MfG GH

[Haussse]

www.northlandresourcesinc.com

[goldeneshaendchen]

Larry Kornze has disposed of 20,000 shares of
Northland Resources Inc. at $3.20 per share.
After this transaction, he owns 280,000 shares of
Northland.

Quelle: http://www.newsweb.no/index.aspsymbol=NAUR&melding_ID=145225

[goldeneshaendchen]

Antwort auf Beitrag Nr.: 27.981.494 von goldeneshaendchen am 26.02.07 15:20:35

Man sollte vielleicht Datum + Uhrzeit angeben


26.02.2007 07:50:45

[jaak]

in fra 2,30 zu 2,35 hab ich eine meldung verpasst??
ich habe nichts gefunden.

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.994.877 von jaak am 27.02.07 09:09:17

Meines Wissens wird in diesen Tagen eine 3. Bohrung in Finnland ausgewertet. Vielleicht sind das bereits die Kursfolgen.

Cheers

[jaak]

das ist doch schon länger bekannt.
evtl. kennt jemand schon das ergebnis??

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.995.055 von jaak am 27.02.07 09:15:36

Eben das meine ich.

Cheers

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.995.124 von Great Gatsby am 27.02.07 09:18:34

In FFM gehen dicke Pakete über den Tresen. Bereits über 50000 Umsatz. Nehme an, es folgen bald News.

Cheers

[jaak]

gehe ich auch mal schwer von aus.
wenn wirklich eine neubewertung stattfinden sollte, sind sicherlich ganz andere kurse drin.
daumendrücken!!

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.995.719 von jaak am 27.02.07 09:40:11

Schade, dass wir heute ne schwache Börse haben. Da könnte der eine oder andere kurzfristige Gewinne - auch bei Northland - mitnehmen, ohne über den Tellerrand zu studieren.

Cheers

[netzbroker]

27.02.07 07:45 (HUGIN)
Northland Releases More Hannukainen Results

Vancouver, February 27, 2007: Buck Morrow, the President of Northland Resources Inc., is pleased to announce further results from the Company's drill program at the 100% owned Hannukainen iron-oxide-copper-gold (IOCG) project in Northern Finland. Northland has now received results for 42 holes testing the flat-lying Laurinoja magnetite body at Hannukainen. Results for holes Han06027 to 29, and 36 to 42 are reported below along with the first hole drilled in the 2007 program (Han07001). This completes the reporting of results from Northland's 2006 drill program. Hole No. From (m) To (m) Interval (m)* Fe (%) Au (g/t) Cu (%) han06027 161.85 173.10 11.25 51.39 1.09 0.75 han06028 153.70 168.10 14.40 47.13 0.41 0.31 han06029 182.20 191.20 9.00 53.28 0.35 0.16 han06035 251.30 264.40 13.10 35.18 0.24 0.28 also 238.20 253.10 14.90 20.30 0.51 0.52 han06036 278.70 288.90 10.20 39.46 0.70 0.63 includes 278.70 282.55 3.85 40.03 1.39 1.25 han06037 255.30 265.40 10.10 45.90 0.51 0.25 han06038 210.70 222.70 12.00 43.85 0.27 0.06 han06039 234.40 250.70 16.30 44.48 0.37 0.07 han06040 245.40 251.60 6.20 53.41 0.27 4.75 han06041 221.40 233.40 12.00 40.30 0.39 0.32 han06042 206.00 216.20 10.20 54.07 0.26 0.12 han07001 184.70 207.50 22.80 38.62 0.23 0.51 *All intervals are believed to be close to true thicknesses as the mineralized body ranges in dip from flat lying to a maximum of 15 degrees from the horizontal. A drill collar plan is available on Northland's website (www.northlandresourcesinc.com). Northland's drilling has now confirmed the presence of shallow south-southwest dipping to flat lying iron-copper-gold mineralization over a strike length of at least 850m from the Laurinoja open pit to the southwest. The width of the mineralized body is up to 600m or more locally (for example the 6700 section line). Over most of the target area, the depth to the top of the main magnetite zone averages roughly 140 to 180m, and ranges from roughly 100-120m close to the Laurinoja open pit to approximately 260m at the most southwesterly extent of Northland's drilling. The average thickness of the mineralized body in Northland's holes is approximately 17.5m and ranges from a maximum of close to 40m in hole HAN06009 to a minimum of 4.4m in hole HAN06024 (which was drilled on the suspected western limit of the mineralization). The Laurinoja body is still open in all directions. Applying a 30% Fe cut off to all of the sample data collected so far in Northland's drilling yields roughly 700 samples which returned >30% Fe. A weighted average of the Fe, Cu and Au grades for this sample set is 46.3% Fe + 0.41% Cu + 0.35 g/t Au. Cu grades range from trace to a maximum of 6.8% Cu and Au from trace to 31.8 g/t. Hole HAN06035 intersected a 15m thick zone of copper-gold mineralization in the immediate hanging wall to the main iron-rich zone. Management believes that this opens up potential for additional copper-gold resources, beyond the current magnetite-copper-gold target and will be assessing the potential significance of this in the coming weeks. Northland has completed an additional 13 exploration core holes at Hannukainen since the start of 2007. Assays for these holes are pending. Northland has also drilled two NC-size core holes for preliminary metallurgical testing. Drilling continues on the Hannukainen Fe-Cu-Au zone and planning is in progress to test adjacent, near-surface targets. Laurinoja is one of five known iron-copper-gold occurrences in the Hannukainen area. The other prospects, Lauku, Kuervaara, Vuopio and Kivivuopio, have all been drilled in the past and management believes they have the potential to host similar mineralized bodies to Laurinoja. Planning is in progress to test the adjacent, near surface targets. NI43-101 Statement Vance V. Thornsberry, P.Geol., Vice President of Exploration for Northland, is the Qualified Person as defined in NI 43-101, responsible for the design and execution of the Hannukainen drill program and re-assay program, and has verified that the drill intersections contained in this release are an accurate summary of the assay data received by the Company. Mr. Thornsberry has also verified that the historic information presented in this release has been accurately summarized from the reports quoted. The core was cut at Northland's core facility in Kolari, Finland. A one-half split of the core was sent for preparation and analysis to the Geological Survey of Finland's Analytical Laboratory in Rovaniemi which is accredited according to the SFS-EN ISO/IEC 17025 and in compliance with the requirements of the Standards Council of Canada (CAN-P-1579) "Guidelines for Accreditation of Mineral Analysis Testing Laboratories". The entire sample, representing approximately 3 kilograms, was crushed and pulverized and a 150 gram split was submitted for analysis. Iron and copper analyses were performed using Sodium Peroxide Fusion multielement analysis with ICP-AES Technique, Method 720P and gold analysis was performed by Lead Fire Assay Preconcentration with ICP-AES Technique, Method 704P. In addition to the GTK internal sample preparation and assay QC protocol, Northland maintains a rigorous QA/QC program consisting of inserting blanks, duplicates and certified standards to the analytical process. Background Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland. ON BEHALF OF THE BOARD "Buck Morrow" NORTHLAND RESOURCES INC. The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release. CONTACT INFORMATION Northland Resources Inc. Buck Morrow, President Ralph Rushton / Karen Davies, Investor Relations Toll Free: 1-866-719-8962 www.northlandresourcesinc.com http://www.northlandresourcesinc.com/ Copyright © Hugin ASA 2007. All rights reserved.
grüsse

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.995.923 von netzbroker am 27.02.07 09:47:15

Na also, da haben einige heute morgen die richtigen Infos zur richtigen Zeit erhalten...

Cheers

[jaak]

gewinnmitnahmen scheinen schon wieder vorbei!!

[jaak]

neues tageshoch 2,45

[Great Gatsby]

Antwort auf Beitrag Nr.: 27.999.315 von jaak am 27.02.07 11:58:26

Für die heutige Northland-Meldung haben wir den denkbar ungüngstigsten Tag erwischt. Schade.

Ich korrigiere mich: der Start des Iran-Krieges wäre noch etwas dümmer...

Cheers

[VaBene]

Hallo

Wo finde ich eigentlich diese News?
Weder aud deren Homepage, noch auf Stockwatch oder Yahoo Finances ist etwas zu finden...

Danke!

[jaak]

Antwort auf Beitrag Nr.: 28.003.646 von Great Gatsby am 27.02.07 15:07:26

ich verkaufe heute nicht.
von daher ist es nicht so wichtig was heute passiert.
wichtig ist für mich, dass fundamental alles in ordnung ist.

[goldeneshaendchen]

Antwort auf Beitrag Nr.: 28.004.273 von VaBene am 27.02.07 15:27:34

geh auf www.onvista.de , gib die wkn ein und dann oben klickst du auf News/Ad-hocs da findest du sie.

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.004.273 von VaBene am 27.02.07 15:27:34

Hier.

Cheers

===================================================================
Northland Releases More Iron-Copper-Gold Results for the
Hannukainen Project, Finland
===================================================================

Vancouver, February 27, 2007: Buck Morrow, the President of Northland
Resources Inc., is pleased to announce further results from the
Company's drill program at the 100% owned Hannukainen
iron-oxide-copper-gold (IOCG) project in Northern Finland. Northland
has now received results for 42 holes testing the flat-lying Laurinoja
magnetite body at Hannukainen. Results for holes Han06027 to 29, and 36
to 42 are reported below along with the first hole drilled in the 2007
program (Han07001). This completes the reporting of results from
Northland's 2006 drill program.

Hole No. From (m) To (m) Interval (m)* Fe (%) Au (g/t) Cu (%)
han06027 161.85 173.10 11.25 51.39 1.09 0.75
han06028 153.70 168.10 14.40 47.13 0.41 0.31
han06029 182.20 191.20 9.00 53.28 0.35 0.16
han06035 251.30 264.40 13.10 35.18 0.24 0.28
also 238.20 253.10 14.90 20.30 0.51 0.52
han06036 278.70 288.90 10.20 39.46 0.70 0.63
includes 278.70 282.55 3.85 40.03 1.39 1.25
han06037 255.30 265.40 10.10 45.90 0.51 0.25
han06038 210.70 222.70 12.00 43.85 0.27 0.06
han06039 234.40 250.70 16.30 44.48 0.37 0.07
han06040 245.40 251.60 6.20 53.41 0.27 4.75
han06041 221.40 233.40 12.00 40.30 0.39 0.32
han06042 206.00 216.20 10.20 54.07 0.26 0.12
han07001 184.70 207.50 22.80 38.62 0.23 0.51

*All intervals are believed to be close to true thicknesses as the
mineralized body ranges in dip from flat lying to a maximum of 15
degrees from the horizontal. A drill collar plan is available on
Northland's website (www.northlandresourcesinc.com).

Northland's drilling has now confirmed the presence of shallow
south-southwest dipping to flat lying iron-copper-gold mineralization
over a strike length of at least 850m from the Laurinoja open pit to
the southwest. The width of the mineralized body is up to 600m or more
locally (for example the 6700 section line). Over most of the target
area, the depth to the top of the main magnetite zone averages roughly
140 to 180m, and ranges from roughly 100-120m close to the Laurinoja
open pit to approximately 260m at the most southwesterly extent of
Northland's drilling. The average thickness of the mineralized body in
Northland's holes is approximately 17.5m and ranges from a maximum of
close to 40m in hole HAN06009 to a minimum of 4.4m in hole HAN06024
(which was drilled on the suspected western limit of the
mineralization). The Laurinoja body is still open in all directions.

Applying a 30% Fe cut off to all of the sample data collected so far in
Northland's drilling yields roughly 700 samples which returned >30% Fe.
A weighted average of the Fe, Cu and Au grades for this sample set is
46.3% Fe + 0.41% Cu + 0.35 g/t Au. Cu grades range from trace to a
maximum of 6.8% Cu and Au from trace to 31.8 g/t.

Hole HAN06035 intersected a 15m thick zone of copper-gold
mineralization in the immediate hanging wall to the main iron-rich
zone. Management believes that this opens up potential for additional
copper-gold resources, beyond the current magnetite-copper-gold target
and will be assessing the potential significance of this in the coming
weeks.

Northland has completed an additional 13 exploration core holes at
Hannukainen since the start of 2007. Assays for these holes are
pending. Northland has also drilled two NC-size core holes for
preliminary metallurgical testing. Drilling continues on the
Hannukainen Fe-Cu-Au zone and planning is in progress to test adjacent,
near-surface targets.

Laurinoja is one of five known iron-copper-gold occurrences in the
Hannukainen area. The other prospects, Lauku, Kuervaara, Vuopio and
Kivivuopio, have all been drilled in the past and management believes
they have the potential to host similar mineralized bodies to
Laurinoja. Planning is in progress to test the adjacent, near surface
targets.

NI43-101 Statement

Vance V. Thornsberry, P.Geol., Vice President of Exploration for
Northland, is the Qualified Person as defined in NI 43-101, responsible
for the design and execution of the Hannukainen drill program and
re-assay program, and has verified that the drill intersections
contained in this release are an accurate summary of the assay data
received by the Company. Mr. Thornsberry has also verified that the
historic information presented in this release has been accurately
summarized from the reports quoted.

The core was cut at Northland's core facility in Kolari, Finland. A
one-half split of the core was sent for preparation and analysis to the
Geological Survey of Finland's Analytical Laboratory in Rovaniemi which
is accredited according to the SFS-EN ISO/IEC 17025 and in compliance
with the requirements of the Standards Council of Canada (CAN-P-1579)
"Guidelines for Accreditation of Mineral Analysis Testing
Laboratories". The entire sample, representing approximately 3
kilograms, was crushed and pulverized and a 150 gram split was
submitted for analysis.

Iron and copper analyses were performed using Sodium Peroxide Fusion
multielement analysis with ICP-AES Technique, Method 720P and gold
analysis was performed by Lead Fire Assay Preconcentration with ICP-AES
Technique, Method 704P. In addition to the GTK internal sample
preparation and assay QC protocol, Northland maintains a rigorous QA/QC
program consisting of inserting blanks, duplicates and certified
standards to the analytical process.

Background

Northland Resources Inc. is a well-structured, debt free junior
exploration company with a portfolio of high quality iron, gold, and
base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

"Buck Morrow"
NORTHLAND RESOURCES INC.

The TSX Venture Exchange has not reviewed and does not take
responsibility for the accuracy of this release.

CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton / Karen Davies, Investor Relations
Toll Free: 1-866-719-8962
www.northlandresourcesinc.com

===================================================================
Copyright (c) 2007 NORTHLAND RESOURCES INC. (NAU) All rights reserved.
For more information visit our website at http://northland.pubco.net/
or send mailto:[e-mail]
===================================================================

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.008.069 von Great Gatsby am 27.02.07 17:35:43

Und noch eine News.

Cheers

===================================================================
Northland Appoints CFO and COO
===================================================================

Vancouver, February 27, 2007: Mr. Buck Morrow, President of Northland
Resources Inc., is pleased to announce the appointment of Aurelian
Bukatko as Chief Financial Officer of the Company.

With an MBA in Finance and Accounting from Indiana University, and a BA
in Economics and German from Wabash College, Mr. Bukatko has over 20
years of senior management, executive and international experience in
various business environments, most recently as Senior Vice President
and CFO at Alfred Karcher USA. Mr. Bukatko's international background
includes over 15 years with Inland Steel Company of Chicago, Illinois
where he certified his financial experience with a CMA and CPA.

Mr. Bukatko will manage all financial aspects of Northland's day to day
operations and will be a valuable addition to the Company's senior
management team which is working to advance Northland's extensive
portfolio of projects to the development stage and through to
production.

Management would like to take this opportunity to welcome Mr. Bukatko
to the Northland organization.

On the appointment of Mr. Bukatko, the current CFO, Bill Wagener, will
assume the role of Chief Operating Officer for Northland.

Background
Northland Resources Inc. is a well-structured, debt free junior
exploration company with a portfolio of high quality iron, gold, and
base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD
"Buck Morrow"
NORTHLAND RESOURCES IN

The TSX Venture Exchange has not reviewed and does not take
responsibility for the accuracy of this release.

CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton / Karen Davies, Investor Relations
Toll Free: 1-866-719-8962
www.northlandresourcesinc.com

===================================================================
Copyright (c) 2007 NORTHLAND RESOURCES INC. (NAU) All rights reserved.
For more information visit our website at http://northland.pubco.net/
or send mailto:[e-mail]
===================================================================

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.008.110 von Great Gatsby am 27.02.07 17:37:25

Bin heute bei 2.06 nochmal rein. Wenn sich der Markt im Tagesverlauf stabilisieren sollte und Amerika die positiven Futures wahr macht, könnten wir heute bei Northland eine schöne Intraday-Erholung sehen. Z. B. wieder auf die 2.20 von gestern.

Und sonst...die Basics stimmen ja eh. Man schaue sich nur mal die Namen der Grossaktionäre und die letzten Meldungen an!

Cheers

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.019.023 von Great Gatsby am 28.02.07 10:00:07

Die 2.20 sind zum ersten Mal bezahlt worden. Das habe ich heute Vormittag noch nicht erwartet. Aber ich nehms gerne an...

Cheers

[goldeneshaendchen]

Antwort auf Beitrag Nr.: 28.020.478 von Great Gatsby am 28.02.07 10:51:34

Vancouver, February 28, 2007: Buck Morrow, the President of Northland Resources Inc., is pleased to provide an update on Northland's bulk sampling program at its 100% owned Stora Sahavaara iron-copper project in Norrbotten County, northern Sweden. The local excavation contractor, Snells Entrepenad AB, has completed clearing the overlying glacial till and preparing the access ramp for the start of the underground phase of the bulk sample. Preparation of the underground portal will begin next week and equipment for the underground phase has begun to arrive on site. After completion of a short access haulage into the magnetite, the contractor will blast a 30-40m long adit entirely within the magnetite from which a bulk sample of approximately 400 cubic meters, or roughly 1,000 tonnes of material, will be collected for the pilot-plant scale testwork program designed by Corus Consulting. Northland has posted photographs of the on-going work on the Gallery page of its website at www.northlandresourcesinc.com and a short video of the work will be posted soon. In June 2006, the Company retained Corus Consulting to supervise a comprehensive investigation of the optimum treatment route for magnetite ore from Stora Sahavaara (see news release dated June 29, 2006). Their work- in addition to the design and supervision of the bulk sampling program- will comprise of a testwork program to determine the optimum beneficiation route for the ore, development of a flowsheet, and a pelletizing testwork program. The results of the early stages of metallurgical test work at Stora Sahavaara are very encouraging and suggest that Stora Sahavaara can produce a viable, commercial grade pellet feed (see Northland's news releases dated February 12 and 15, 2007). Northland has delineated a NI43-101 compliant resource at Stora Sahavaara (see news release dated May 18, 2006). Using a 25% Fe cut off, the magnetite body contains: Category Tonnes Fe % Cu % Measured 77,063,210 43.32 0.080 Indicated 44,634,770 43.28 0.076 Inferred 23,346,373 41.76 0.051 Qualified Person Resource estimates were prepared by third party consultant (Bart Stryhas, PhD Structural Geology); the resource model and estimates were subsequently reviewed by Chlumsky Armbrust & Meyer L.L.C. ("CAM") an independent, mineral resource, consulting and engineering group based in Lakewood, Colorado USA. CAM believes that the Stora Sahavaara resource and resource model have been prepared according to accepted engineering practice for a project at this level of development. Vance V. Thornsberry, P.Geol., Vice-President of Exploration for Northland Resources, is the Qualified Person as defined in NI43-101, and has verified that the information presented in this release has been accurately summarized from the reports quoted herein. Background Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland. ON BEHALF OF THE BOARD "Buck Morrow" NORTHLAND RESOURCES INC. The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release. CONTACT INFORMATION Northland Resources Inc. Buck Morrow, President Ralph Rushton / Karen Davies, Investor Relations Toll Free: 1-866-719-8962 www.northlandresourcesinc.com http://www.northlandresourcesinc.com/ Copyright © Hugin ASA 2007. All rights reserved.

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.021.236 von goldeneshaendchen am 28.02.07 11:19:19

Danke und Hallo - ich dachte, ich sei der Einzige hier weit und breit...

Cheers

[Haussse]

Northland Resoures zeigt sich von seiner besten Seite ...die Kursrally kann weiter gehen !!!

[jaak]

2,33 +3,5%

nicht schlecht für so einen negativen tag!!

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.025.602 von jaak am 28.02.07 14:19:50

Jo, wenn man bedenkt, dass sie bei 2.06 gestartet ist.

Cheers

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.026.583 von Great Gatsby am 28.02.07 15:07:44

Wenn sich die US-Börsen einigermassen halten, dann rechne ich (charttechnisch) heute mit 2.45. Danach gäbe es bei 2.70 eine kurze Pause (nur kurz) - und dann...ist sehr viel Fantasie im Kurs drin.

Cheers

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.026.660 von Great Gatsby am 28.02.07 15:11:37

Schon bemerkt, dass in Frankfurt regelmässig 5000er Pakete über den Tisch gehen. Ich nenn' das eine saubere Planung...

Cheers

[Valuer]

Pareto kam heute mit der erwarteten Studie. Das 12-Monats-Kursziel wurde von 20 auf 50 Kronen angehoben, langfrsitig bescheinigen die Analysten dem titel weiterhin Tenbagger-Potenzial. In den nächsten Wochen erwartet man die Bohrergebnisse nach dem 43-101-Standard, dann spätestens sollten auch die Institutionals massive aufspringen.

Das geht in den nächsten Wochen weiter nach oben!

Grüße
Valuer

[KingFabsy]

Meiner Meinung nach bist du da ziemlich optimistisch, denke mal schon das es noch deutlich aufwärts gehen wird, aber bisher waren ja fast immer "nur" ca. 5% pro Tag drin. Aber bei weitere gute News könnten das durchaus auch beschleunigen

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.029.096 von KingFabsy am 28.02.07 16:46:46

Die Amis spielen bislang nicht mit. Unter dieser vorsichtigen Börsenstimmung leidet m. E. auch Northland. Abwarten.

Cheers

[KingFabsy]

Da hast du wohl recht, aber die werden auch noch auf den trichter kommen, dass hier was zu holen ist. Da werden dann denke ich auch mal chicke Pakete den Besitzer wechseln

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.032.067 von KingFabsy am 28.02.07 18:50:59

So, bin gespannt wie der Tag bei Northland verlaufen wird. Die Vorlagen aus USA und Asien sollten die heutige Entwicklung nicht weiter beeinträchtigen. Kann sein, dass sich heute der eine oder andere detailliert mit Northland befasst, nachdem die letzten Tage allgemeine Hektik ausgebrochen war...

Cheers

[agir3m]

Hat jemand mal den Rt?
Thanks

[tylerdurdn]

jeder weiß das Northland rockt,
doch was haltet ihr von: A0MKMQ
würde mich mal interessieren

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.026.660 von Great Gatsby am 28.02.07 15:11:37

...die erwartete (kurze) Pause bei 2.45.

Cheers

[goldeneshaendchen]

Antwort auf Beitrag Nr.: 28.042.021 von tylerdurdn am 01.03.07 10:33:52

Ehrlich gesagt ist das glaub ich ganz große sch...!
Warum?
Weil es vom Pennystock Report gepushed wird is doch der gleiche Muell wie Trading Insider!

[tylerdurdn]

Antwort auf Beitrag Nr.: 28.042.628 von goldeneshaendchen am 01.03.07 10:59:59

ja, das es mal gepusht wurde stimmt,
hat aber auch schon konsilidiert,
aber die Frage zielte eigentlich auf die fundamentalen Werte des Unternehmens ab,
was meint ihr dazu?

[jaak]

hi leute,

ich denke fundmental brauchen wir uns keine grossen sorgen zu machen.
es könnte allerdings sein, dass der anstieg evtl. etwas zu schnell ging und wir doch noch mal korrigieren.
ich könnte mir vorstellen, dass der kurs nochmal auf ca. 2,10 euro rücksetzt.

[goldeneshaendchen]

Antwort auf Beitrag Nr.: 28.045.683 von jaak am 01.03.07 13:27:36

Sieht ganz so aus fettes Minus in Norwegen derzeit!

[KingFabsy]

Also meiner Meinung nach hat sie noch genug Zeit(über 1std) sich zu erholen...wäre nicht das erste Mal

[agir3m]

Is ja allesso ruhig hier.

[berhem]

das Gleiche wie vor paar Wochen, es geht runter und bald kann man wieder einkaufen...

[KingFabsy]

Also ich denke (hoffe), dass es sich hierbei wirklich nur um ein kleines Zwischentief handelt, viel tiefer sollte es aber besser nicht gehen, da sonst mein Limit greift
Aber ab morgen sollte wieder ein Aufwärtstrend zu erkennen sein, wie denkt ihr darüber?

[Great Gatsby]

Antwort auf Beitrag Nr.: 28.131.355 von KingFabsy am 05.03.07 18:43:46

An was glaubst du: an deine Limite oder an Northland Resources?

Cheers

[Haussse]

[berhem]

Leute bleibt auf den Sitzen, es wird weiter gehen!
Das wird ein mehrfach 100%er...

[berhem]

ich bimmel jetzt schonmal.....

[Colophonius]

NEWS:

Northland Reports Barsele Drill Results, Identifies High Grade Gold + Base Metal Zone

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 03/21/2007 -- Buck Morrow, President of Northland Resources Inc. (TSX VENTURE: NAU)(FRANKFURT: NBS)(OSLO: NAUR) ("Northland"), is pleased to announce gold results from 17 diamond drill holes at the Central Zone of the Barsele gold project in central Sweden. The results continue to demonstrate broad intervals of greater than 1g/t Au within the Central Zone and have begun to outline a new zone of high-grade gold-with-base-metal mineralization (holes 012 and 020) adjacent to and outside of the mineralized intrusive that hosts the Central Zone gold system. Highlights of the drilling include:


Hole 06018 3.8g/t Au + 68g/t Ag over 9m from 22m down hole

And 2.9g/t Au over 22.9m from 80m down hole

Hole 06012 12.0g/t Au + 500g/t Ag +5.1% Pb + 2.8% Zn over 5m, from 24m
down hole

Hole 06006 1.2g/t Au over 80.4m from 89.2m down hole

Hole 06014 2.0g/t Au over 12m from 49m down hole

Hole 06020 6.6g/t Au + 1.8% Zn over 4m from 39m down hole


A map showing the collar locations of the most recent drill holes will be posted shortly on the Northland website (www.northlandresourcesinc.com) and a full table of results is given below.
Drill holes 06006 and 007 were in-fill holes to expand the resource and convert inferred resources to the indicated category. Drill holes 06008 to 06016 were drilled largely on the northern fringe of the Central Zone to increase the total resource in inferred category. The results will be incorporated into a new resource estimate later this year.

Holes 06017 to 06021, drilled in December 2006, were designed to establish the geometry and continuity of the base metal rich zone identified in holes 06012 and 06020. This was discovered after drilling tested a prominent geophysical anomaly on the northwestern end of the Central Zone. The structure has been traced from regional geophysics and from research into historic drilling for approximately 4,000m although the dip extent is currently unknown. Archival research has highlighted at least 5 additional historic holes which appear to have cut the same zone (see table below) including hole 90727 which returned 14.7g/t Au + 1.6% Zn + 114.7g/t Ag over 9m from 21m down hole. The reader is cautioned that these are historic results and Northland has not yet completed sufficient work to confirm the historic assays. Therefore they cannot be relied upon.


Table 1. Historic drill holes which cut gold+base metal mineralization at
Barsele

--------------------------------------------------------------------------
Hole No. From To Length Au Ag Pb Zn
(m) (m) (m) (g/t) (g/t) (%) (%)
--------------------------------------------------------------------------
90D002 66.0 68.0 2.0 25.8 82.2 0.5 1.7
94D102 25.0 29.0 4.0 10.4 14.3 0.3 Tr
90727 21.0 30.0 9.0 14.7 114.7 0.8 1.6
DDH0406 19.9 36.5 16.6 5.0 98.5 0.7 1.6
DDH0409 8.6 9.6 1.0 13.9 41.6 0.6 Tr
--------------------------------------------------------------------------


The mineralization appears to be an "orogenic" style gold-base metal-quartz shear or vein. Gold grades are high, associated with multi-ounces per tonne silver and elevated base metals. Given its significantly higher gold grades relative to the main Barsele resource, Northland's geologists currently believe it has potential to add additional gold resources. Northland's archival research is continuing with the specific objective of looking for additional historic holes that may have cut this zone, and additional geophysics and drilling are planned to further delineate this zone of high grade gold + base metal mineralization. Historic results will be released when Northland has completed its reinterpretation of the data.
Environmental Impact Assessment / Conversion to Exploitation Concession

Northland has submitted its preliminary environmental impact study (known as an MKB) to the County Administration Board (CAB) as part of the process to convert the Barsele exploration concession to an exploitation concession. The CAB has responded to Northland's environmental consultants with a first round of questions regarding clarification of certain aspects of the MKB, specifically the possible location and design of the tailings dam, impacts on drinking water wells, and further information on the potential impact on flora and fauna. Northland expects that there will be additional rounds of questions from the CAB before the MKB is finalised.

NI43-101 Compliance

Vance V. Thornsberry, P.Geol., Vice President of Exploration for Northland Resources, is the Qualified Person as defined in NI43-101, responsible for overseeing the design and execution of the Barsele exploration program and is responsible for ensuring the accuracy of this release.

ALS Chemex Sweden AB, of Pitea, Sweden was responsible for sample preparation and shipment of sample pulps to Vancouver for analysis. ALS Chemex of Vancouver, Canada, using international standards ISO 9001:2000 and ISO 17025:1999 has completed and certified all of Northland Resources' analytical work for the Barsele Project Sweden. Gold analysis was performed using fire assay with an atomic absorption finish "Au-AA26, Ore Grade Au 50g FA-AA finish". In addition to Chemex internal sample preparation and assay QC protocol, Northland maintains a rigorous quality control program consisting of inserting blanks, duplicates and certified standards to the analytical process.

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.


Table 2. Northland drill results for the Barsele gold project in Sweden.

-----------------------------------------------------------------------
Hole No. From To Length Au Ag Pb Zn
(m) (m) (m) (g/t) (g/t) (%) (%)
-----------------------------------------------------------------------

CNTDH06006 11.0 16.0 5.0 2.8 0.7
89.2 169.6 80.4 1.2 1.23
incl 150.0 157.0 7.0 3.8 4.0
186.0 195.0 9.0 1.1 0.83

CNTDH06007 58.3 64.9 6.6 1.0 0.67
89.0 102.0 13.0 1.2 0.1
109.0 119.0 10.0 1.1 1.08
167.0 173.0 6.0 2.3 1.08

CNTDH06008 99.0 109.0 10.0 1.6 0.67
127.0 137.0 10.0 1.4 3.7
145.1 146.4 1.3 25.8 5.85

CNTDH06009 126.0 132.0 6.0 1.6 0.45
149.0 171.7 22.7 1.8 0.74

CNTDH06010 151.0 170.0 19.0 1.0 0.86
178.0 182.0 4.0 1.9 0.63

CNTDHO6011 76.0 86.0 10.0 1.0 1.04
99.0 111.0 12.0 1.0 0.42
129.0 135.0 6.0 1.5 0.85
146.0 155.0 9.0 1.9 0.87

CNTDH06012 24.0 29.0 5.0 12.7 580 5.1 2.8

CNTDH06013(i) 35.8 36.2 0.4 49.2 308 0.7 5.8
(i)Hole abandoned in quartz-sulphide mineralization at 36.2m

CNTDH06013A 57.0 67.0 10.0 2.4 1.01
99.0 112.0 13.0 1.8 1.0

CNTDH06014 49.0 61.0 12.0 2.0 0.86
98.0 106.0 8.0 1.5 0.74
118.0 126.0 8.0 2.1 1.83
177.0 194.0 17.0 1.1 0.65

CNTDH06015 NSA NSA

CTNDH06016 NSA NSA

CNTDH06017 41.0 52.0 11.0 2.3 1.17

CNTDH06018 22.0 31.0 9.0 3.8 67.96 0.7 0.4
80.0 102.9 22.9 2.9 1.16

CNTDH06019 22.0 29.0 7.0 2.6 2.99
54.5 55.5 1.0 26.1 90.45 0.3 2.8

CNTDH06020 39.0 43.0 4.0 6.6 3.7 1.8

CNTDH06021 NSA


The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

Contacts:
Northland Resources Inc.
Buck Morrow
President
Toll Free: 1-866-719-8962

Northland Resources Inc.
Ralph Rushton
Investor Relations
Toll Free: 1-866-719-8962
Website: www.northlandresourcesinc.com

[berhem]

Darf ich wieder bimmeln?

[berhem]

Da hat einer heute Kasse gemacht....

überverkaufte Situation...

[Mosi07]

Antwort auf Beitrag Nr.: 28.677.272 von berhem am 05.04.07 14:59:06

gab es gerade "ernüchternde" News oder was der Kurs für ein Problem?

[tylerdurdn]

weiß zufällig jemand was da heute mit dem Kurs los war ???

[Syttinord]

Hey, I am an Norwegian investor, wondering what you do to Northland while we have our Easter-holiday? Is it shortsellers, taking the opportunity, as the volume is low due to closed Oslo Stock Exchange?


I think we need this little reminder from late February:

"Hannukainen coming to play, we increase target from 20 to 50
The last drilling results confirms continued IOCG mineralisation westwards, substantiating a resource of ~100m tons and >15 years minelife. Must now include Hannukainen in estimates.


* The Hannukainen drilling results announced yesterday confirms a large IOCG (IronoxideCopperGold) deposit, as all drill holes from the 2006 drilling program now have shown IOCG mineralization. The latest drilling update delivers good grades.
* The Hannukainen deposit must now be recognized (although not being a 43-101 compliant resource) as a major ICOG deposit, its size should now have reached 100 million tonnes, substantiating more than 15 years minelife. The economics will be phenomenal. Even in a super bearish scenario this project should produce 100mUSD EBITDA, at current mineral prices we are talking 400mUSD in EBIT from Hannukainen alone. The Hannukainen copper and gold grades alone are higher than the Aitik mine run by Boliden, which is Europes biggest open pit copper mine. We also get 45% high quality iron ore pellets.
* These drilling results will later be backed up by a 43-101 resource statement. We expect this during 2nd quarter, possibly earlier. This will be the final proof for the Canadian investment community, which shy any resources not 43-101 compliant. We can take the liberty to believe in management upfront, and we do so with solid confidence. When the broader market understands Hannukainen the value upside is massive.
* Hannukainen will now be included in our estimates together with Stora Sahavaara, itself generating a USD 200m 2010 EBIT.
* Awaiting a 43-101 resource statement on Hannukainen, we hope to see positive drilling updates from the Barsele gold project over the next couple of months, as well as further good drilling results from Hannukainen. We increase our risked valuation to NOK 44 per share from NOK 29 and expect to increase the risked valuation above NOK 50 over the next 6 months. We up our target price to NOK 50, USD 8. Strong Buy.
* The recommendation was not presented to the issuer before dissemination.



Risked valuation increased from NOK 29 to NOK 44 per share.

Following yesterdays drilling results, the probability of Hannukainen coming into operation is high, probably above 90%. We increase our probability to 75% but will up that to 90% when a 43-101 resource statement is published. The Hannukainen mine has previously been operating (open pit first by Rautaruukki and later by Outokumpu), historically delivering high quality iron ore and significantly higher grades of copper and gold than we assume. Almost all required infrastructure (except processing plant) is in place. In our view the risk is on execution, how quick the project can be advanced and at what cost. We believe our cost estimates are conservative. The progress will depend on issues like environmental permitting, this is in our view is only a matter of time. The management in this company is highly experienced, having taken many mines into production in their previous jobs. Sweden and Finland are politically stable and mining friendly countries, probably this is the best mining region in the world.

Concluding the risked valuation, subtracting existing cash allocated for project development and assuming the Barsele gold project is sold during 2008 to fund the equity portion of a processing plant, we arrive at NOK 44 per share. A 90% probability on Stora Sahavaara and Hannukainen will up that value to NOK 53. We expect to do so over the next 6 months.

The risked value thereby allocates a large discount to completion risk and time value of money. We expect to see the share price reach NOK 50 over the next 12 months. "

[Syttinord]

I should add that this was an update from Pareto, 28. february this year.

Northland volumes are normally much heavyer in Oslo than in Germany and Canada, so its strange that they try to lead down in this way..

[berhem]

alle wieder beruhigt?

[e_type1]

APRIL 16, 2007 - 09:02 ET

Northland Resources Retains Corus Consulting to Investigate Beneficiation and Marketing of Hannukainen Iron-Copper-Gold Ore

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) - Mr. Buck Morrow, the President of Northland Resources Inc. (TSX VENTURE:NAU)(OSLO:NAUR)(FRANKFURT:NBS), is pleased to announce that Northland has contracted Corus Consulting Ltd. ("Corus") to supervise a comprehensive investigation of the optimum treatment route for iron-copper-gold ore from the Hannukainen magnetite body in northern Finland. Northland and Corus envisage a five stage work program consisting of:

1) Advising on the design and supervision of a bulk sampling program to firstly determine the optimum method of sampling and size of sample, and then to assist Northland's technical personnel during the actual sampling process;

2) Design and supervision of a beneficiation testwork program, including recommendation of the most suitable test centre, and definition and supervision of pilot plant testwork program;

3) Definition and supervision of a pelletizing testwork program;

4) Development of an appropriate flowsheet to best exploit the Hannukainen ore body;

5) Market and product definition including determination of the most appropriate product mix and production rate.

The Company has also contracted Corus to assist Northland in identifying a range of regional infrastructure development requirements, such as surface land requirements, utility and access corridor requirements for a central Pellet Plant, a surface mine and ore beneficiation plant at Hannukainen in Finland and a surface mine and ore beneficiation plant at Stora Sahavaara in Sweden.

Corus Consulting provides business planning consultancy, engineering, technical assistance, technology and training services to the international metals industry. The services it offers within Primary Processing fall broadly into 3 categories: Mining/raw materials, iron making and steelmaking/casting. Corus Consulting is a subsidiary of Corus Group plc, a leading international metals company which produced over 18 million tones of steel in 2005 with annual turnover of over Pounds Sterling 10 billion and major operating facilities in the U.K., the Netherlands, Germany, France, Norway and Belgium.

Buck Morrow, President of Northland, said, "We're very happy with the work that Corus Consulting have completed to date at the Stora Sahavaara project in Sweden and we're keen to apply what they've learned there to our Hannukainen iron-copper-gold project in Finland."

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.

The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

[okosling]

Interview mit Ralph Rushton (Northland Investor Relations) auf minesite.com - sehr informativ:
http://www.minesite.com/nc/minews/singlenews/article/northla…

[okosling]

Antwort auf Beitrag Nr.: 28.872.612 von okosling am 18.04.07 09:19:32

Entschuldigen, jetzt als Link:
http://www.minesite.com/nc/minews/singlenews/article/northla…

[Makalu8000]

Antwort auf Beitrag Nr.: 28.872.649 von okosling am 18.04.07 09:20:47

gibt es mal wieder was neues? Der Kurs dümpelt ja nur vor sich hin.

[Syttinord]

TA: Nice potential from this flag-formation, the target is 31NOK, or 3.8 Euro.
http://farm1.static.flickr.com/192/481871468_8553c188db.jpg?…

[berhem]

jetzt kaufen!!!!!!

[berhem]

hat einer was bekommen? ich bin voll investiert!

[berhem]

was ist heute passiert? hat jemand Infos?

[money-for-nothing]

Antwort auf Beitrag Nr.: 29.548.131 von berhem am 30.05.07 22:24:33

Die Infos gibts immer nur da, wo die Musik spielt:
In Kanda unter http://www.stockhouse.ca/bullboards/forum.asp?symbol=NAU&tab…

[berhem]

Antwort auf Beitrag Nr.: 29.555.421 von money-for-nothing am 31.05.07 13:17:55

Danke aus Hamburg

[Syttinord]

There is a lot of discussion about Northland (NAUR in Norway) at this forum without registration:

http://forum.hegnar.no/ticker.asp?ticker=NAUR

Everything is in Norwegian, but you could ask questions in English or German. (Delta and crufan are the ones you should listen to, some of the others might be quite unserious.)


Here is the last update from Pareto following the presentations in Norway this week:

NB: Target price is NOK 50 = Euro 6.15

"STRONG BUY High Risk
Bloomberg: NAUR NO (rating unchanged)
Reuters: NAUR.OL Target Price (USD): 8.0
Sector: Basic Materials Market cap (USDm): 261
Style: Venture Analyst: Henning Lassen
Financial Details of 29 mai 2007
Print version (pdf)

Expanding its reach, more ore - higher values

Fast track development of Tapuli deposit could expand open pit minelife in Sweden by >10 yrs. Deposits surrounding Hannukainen offers more IOCG? Re-iterate NOK 50 target. Strong Buy


So far in 2nd quarter the company has announced significant news, including the hiring of Paul Marsden from Corus Consulting and drilling of the Tapuli iron project
In the meantime the share price has been consolidating between NOK 17 and NOK 19. Investors should take the latest share price consolidation to position themselves for a 10-bagger. Several positive drilling results should therefore be announced over the next months. We believe this share price will skyrocket over the next 12 and 18 months!
The Tapuli iron ore project was previously developed by LKAB, having delivered both a resource estimate and a mineplan to SGU. Later abandoned, the deposit lies within the claimed properties of Northland. Its economics could translate to a NPV of around NOK 10 per share, the risked value should today be at least half of that – adding NOK 5 to our risked valuation of NOK 44. The EPS effect of the added 2mT of sinter fine production should (at current prices) be around NOK 2/share. Even a moderate P/E applied to that extra income yields values exceeding half today’s share price!
The “HK project area” is now being targeted through extensive drilling - hopefully confirming an even wider IOCG from surrounding orebodies. We should see a 43-101 compliant resource statement on the HK IOCG deposit at the latest by the end of this year. If that iron ore rich continues to be rich in copper and gold credits, we could be talking of additional values exceeding the current market capitalization of the company. Hannukainen has elephant potential.
We re-iterate our NOK 50 target price and Strong Buy
The recommendation was not presented to the issuer before dissemination."

[Maettel]

Halloooooooooo

Das Teil explodiert, und niemand hatt was zu sagen...

Gibts evt. Kursziel oder Empfehlungen ???

[Taschenrechner]

Antwort auf Beitrag Nr.: 29.885.725 von Maettel am 14.06.07 09:43:06

Schau nach Oslo gestern
und rechne mal um.

Tasche

[Syttinord]

Antwort auf Beitrag Nr.: 29.885.725 von Maettel am 14.06.07 09:43:06

Kursziel jan/feb 2008: Euro 6.15 (Pareto)

Kursziel 2009-2011?: 30 +

Gute volumen im Oslo:

http://hopey.netfonds.no/ppaper.php?paper=NAUR.OSE

[slickrick]

Bohrergebnisse:
http://www.northlandresourcesinc.com/i/pdf/2007-06-15_NR.pdf

Holla die Waldfee...

[kody]

Kurseinbruch wegen KAPITALERHÖHUNG !!

"June 18, 2007
Northland Resources arranges C$107-million Private Placement

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

Vancouver, June 18, 2007: Buck Morrow, President of Northland Resources Inc. ("Northland") is pleased to announce that, subject to exchange approval, the Board has decided to increase the Company's equity base through a private placement of up to 22,795,894 shares at a price of NOK 26.5 per share (CAD $4.68 per share, or a 4% discount to the closing price in Oslo on Monday, June 18, 2007) through Pareto Securities ASA of Oslo, Norway ("Pareto"). In addition, Pareto has also been granted an over-allotment allocation ("greenshoe") of 6,838,768 shares.

Following completion of the private placement, the Company will conduct a subsequent offering in which additional new shares constituting up to 10% of the number of Shares issued in the Private Placement (being up to 2,952,700 new shares) will be offered at the same subscription price as in the private placement. In the subsequent offering, shareholders of the Company registered in the VPS on 18 June 2007 and not being invited to participate in the private placement will, to the extent possible, be given preferred allocation.

The proceeds from the offering will be used to finance the Company's investment program for its iron-copper-gold projects in Sweden and Finland (CAPEX and ordering of long lead process items) and for general corporate purposes.

As consideration for acting as agent, Pareto will be paid a commission equal to 5 per cent of the subscription proceeds realized from the sale of the shares. Shares are being sold only to subscribers who are non-Canadian residents. While these shares will be free trading on the Oslo Børs, they will be subject to a statutory holding period such that they cannot be resold through the facilities of the TSX Venture Exchange or otherwise in Canada for a period of four months and one day from their issue."

Kody

[hmichel]

Antwort auf Beitrag Nr.: 30.019.306 von kody am 19.06.07 15:11:59

aus http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bi…

Northland receives exploitation concessions for Barsele

2007-06-26 09:34 ET - News Release

Mr. Buck Morrow reports

NORTHLAND RECEIVES EXPLOITATION CONCESSIONS FOR BARSELE GOLD PROJECT

Northland Resources Inc. has received exploitation concessions for the Barsele gold project from the chief mine inspector of Sweden. Northland's subsidiaries, Northland Resources AB and Barsele Guld AB, were granted exploitation concessions for the extraction of gold and silver at Barsele (this includes the Avan, Central and Skirasen zones) and for the extraction of gold, silver, lead and zinc at Norra.

Granting of the exploitation concessions, which are valid for 25 years, is subject to a standard consultation and appeals process with all interested stakeholders. Prior to commencing construction, the company must complete, and receive approval for, a full environmental permit.

Buck Morrow, the president of Northland, said: "The granting of the exploitation concessions for Barsele adds significant value to the project for Northland and its shareholders. Northland is committed to working closely with all of the local stakeholders to ensure that our proposed operations at Barsele meet the highest operational and environmental standards. We can now advance the project to the feasibility study stage and work with the local communities to build a sustainable and profitable gold mine."

Vance Thornsberry, PGeo, vice-president of exploration for Northland Resources, is the qualified person as defined in National Instrument 43-101, and is responsible for ensuring the accuracy of this release.

[Blackman16]

!

Dieser Beitrag wurde moderiert. Grund: Spammposting

[Blackman16]

Antwort auf Beitrag Nr.: 28.685.437 von Syttinord am 05.04.07 23:44:12

Kommt noch besser!

Northland kein Stück aus der Hand geben
Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Europe" empfehlen kein Stück der Aktie von Northland Resources (ISIN CA6665271061/ WKN A0F6DK) aus der Hand zu geben.

Im Berichtszeitraum habe eine aufsehen erregende Pareto-Studie Northland Resources beschwingt. Die Experten hätten den Anlegern das Research-Update bereits avisiert, hätten aber selbst nicht erwartet, dass sich die Analysten nun so viel wagen würden. Das skandinavische Investmenthaus habe sein Kursziel in einem Rutsch um 150% auf NOK (Norwegische Kronen) 50 erhöht - momentan könne man die Aktie für lediglich NOK 16,70 erwerben.

Auch weitere Details der Studie seien interessant: Bereits in den nächsten Monaten rechne Pareto mit einer Vielzahl weiterer Bohrungen und habe bekannt gegeben das Kursziel weiter zu erhöhen. Dabei sei vom jetzigen Niveau aus von einem "Tenbagger"-Potenzial die Rede, wenn Northland beide Projekte in Finnland und Schweden umsetze.

Die ersten Machbarkeitsstudien könnten bereits im nächsten Jahr fertig sein, anschließend folge die Finanzierung. Die Produktion sei für 2010 geplant, was gewaltige Konsequenzen für die Gewinnentwicklung nach sich ziehe: Das KGV könnte sich 2011 bereits auf 1 belaufen und 2012 schon auf lediglich noch 0,5. Bei näherem Betrachten sei schnell zu erkennen, dass es durchaus realistisch sei, dass sich der aktuelle Kurs verzehnfache. Könne der Kurs tatsächlich eine Verzehnfachung realisieren, würde der Kurs bei NOK 167 liegen. Das KGV würde sich dann auf 10 belaufen und würde im folgenden Jahr nochmals halbieren.

Die Experten von "Hot Stocks Europe" raten bei der Aktie von Northland Resources kein Stück aus der Hand zu geben. (12.03.2007/ac/a/a)
Analyse-Datum: 12.03.2007

[Peekoo]

Interessiere mich sehr für News über Northland.
Seit der Kapitalerhöhung sind die Umsätze ja deutlich kleiner geworden.
Grundsätzlich sehe ich die Kapitalerhöhung sehr positiv. Immerhin hat ein Investor ca. 130 M für 30 % aller Aktien gezahlt. Ein sehr stolzer Preis der seit dem an der Börse (26,50 in Oslo) nicht mehr erreicht wurde.
Trotzdem seit her etwas Verkaufsdruck in Oslo. Was meint Ihr ?

[Der__Norweger]

Northland Resources Closes Private Placement & Conducts Public Offering
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRE SERVICES

Buck Morrow, President of Northland Resources Inc. (TSX VENTURE:NAU)(FRANKFURT:NBS)(OSLO:NAUR), is pleased to announce that the Company has closed its private placement financing (previously announced on June 18 and 19, 2007) of 22,792,500 common shares at a purchase price of NOK 26.50 per share and has received net proceeds, after commission, of NOK 573,801,188 (approximately CDN$104.6-million). Pareto Securities ASA of Oslo, Norway acted as the agent in selling the offering.

Northland intends to publish a prospectus on July 16, 2007, and the shares issued in the private placement will be tradable on the Oslo Stock Exchange from that date.

The Company has also arranged for the sale of up to an additional 2,279,250 shares through Pareto by way of a public offering in Norway, with preferred allocation to shareholders of the Company who were registered in the VPS on June 18, 2007 and were not invited to participate in the private placement. The issue price will be NOK 26.50 per share, providing Northland with additional net proceeds of up to approximately CDN$10.4-million. Further details of the subsequent public offering will be included in the Company's prospectus.

The private placement shares and the public offering shares have a hold period which restricts trading on the TSX Venture Exchange or otherwise to Canadian residents, until December 16, 2007, being four months and one day following the issuance of the public offering shares which is anticipated to occur on or about August 15, 2007. The offerings are subject to final acceptance in Canada by the TSX Venture Exchange.

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.

[Peekoo]

Hallo Norweger,
das habe ich auch gesehen.
Interessieren würde mich Deine Meinung dazu. Bin sehr gespannt, ob die zusätzlichen 2.279.250 Shares verkauft werden.
Und womit die neuen Shares ab nächster Woche gehandelt werden.
Müsste ja ein Abschlag sein gegenüber der "alten Aktie", denn die neue wird ja erst am 16.12.2007 zur "alten Aktie".
Aber werden diese Aktien überhaupt gehandelt ?
Schon spannend oder ?
Ich verkaufe kein Stück, nicht eine Aktie !!!!
Aber sollte man noch nachkaufen ?
Solange sie unter 26,50 NOK stehen kann man doch nichts falsch machen !
Was meint Ihr ??

[Blackman16]

Für alle die noch unentschlossen sind:

Hier die vollständige Vorstellung der Firma per Video durch Ralph Rushton.

http://clients.westminster-digital.co.uk/minesite/microsite/…

Übrigens vielleicht als Entscheidungshilfe:

Pareto meinte in der letzen Studie über Northland Resources :

Bereits in den nächsten Monaten rechne Pareto mit einer Vielzahl weiterer Bohrungen und habe bekannt gegeben das Kursziel weiter zu erhöhen. Dabei sei vom jetzigen Niveau aus von einem "Tenbagger"-Potenzial die Rede, wenn Northland beide Projekte in Finnland und Schweden umsetze.

MfG
Blackman

[Peekoo]

Antwort auf Beitrag Nr.: 30.684.040 von Blackman16 am 14.07.07 14:52:17

Hallo Blackman,
vielen Dank für diesen Link.
Besser als Fernsehen !!
Danke.

[Blackman16]

Es wird immer besser!!

Northland Provides Update on Metallurgical Testwork at Hannukainen Iron-Copper-Gold Project, Finland
Tue Jul 17, 9:01 AM
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 17, 2007) - Buck Morrow, the President of Northland Resources Inc. (TSX VENTURE: NAU.V)(FRANKFURT: NBS.F)(OSLO: NAUR), is pleased to announce preliminary results from on-going metallurgical test work on drill core collected from the Company's 100% owned Hannukainen iron-copper-gold project in Northern Finland.

The Hannukainen project is made up of 5 iron-oxide-copper-gold style (IOCG) magnetite bodies: Laurinoja, Vuopio, Kuervaara, Lauku and Kivivuopio. Northland's current work at Hannukainen is focused on completion of a resource model and detailed metallurgical test work on composite samples of drill core from Laurinoja.

Initial metallurgical tests on a nominally representative sample of Hannukainen magnetite have been extremely encouraging and indicate that the project can generate a very high grade iron concentrate with low-acid gangue potentially suitable as a feed for high quality DR pellets. Additionally, first indications are that the project may yield concentrate with a relatively coarse grain size suitable for sinter feed. The first stage metallurgical tests produced a concentrate with approximately:

71% total iron + 0.61% SiO2 + 0.34% Al2O3 + 0.3% MgO + 0.02% S.

Mineralogical examination of the core from Laurinoja has identified no unexpected or unusual mineralogy and confirms that virtually all the Cu present occurs as chalcopyrite. Davis tube magnetic results show very high recoveries (up to 99%) of magnetite to the concentrates at a variety of grind sizes, demonstrating good liberation characteristics for the magnetite in the Hannukainen resource. Flotation test work to produce a copper-gold concentrate is underway and results will be reported as they become available.

In the second half of the year, Northland will examine the logistics of collecting a substantial bulk sample of magnetite from Laurinoja to confirm the positive preliminary metallurgical findings which are reported below.

Resource Modeling

Northland's resource model for the project is advanced but a number of areas have been identified where additional drill information is needed to fill in "holes" in the resource model, and to better define the resource as either measured or indicated category. Northland's independent consultants are nearing completion of their NI 43-101 report and they recently traveled to Rovaniemi to finalize the geologic model, and to ensure that all assay data is incorporated into the model. The consultants must also complete their field visit to verify certain physical data. Management anticipates that the resource calculation will be completed sometime during August of this year.

Qualified Person

Vance V. Thornsberry, P.Geol., Vice President of Exploration for Northland, is the Qualified Person as defined in NI 43-101, responsible for overseeing the design and execution of the Hannukainen drill program and has verified that the information contained in this release is an accurate summary of the data received by the Company.

The metallurgical work was performed under the supervision of Paul Marsden, VP Metallurgical Development and Operations for Northland. Mr. Marsden is a member of the IMMM, a Chartered Engineer and a Chartered Scientist and is the Qualified Person as defined in NI 43-101 responsible for overseeing the design and execution of the metallurgical test work program at Hannukainen. Mr Marsden has verified that the results presented here have been accurately summarized from the results reported to Northland.

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.

The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

Contacts

Buck Morrow
Northland Resources Inc.
President
[phone]

Ralph Rushton
Northland Resources Inc.
Investor Relations
[phone] or Toll Free: 1-866-719-8962
Website: www.northlandresourcesinc.com

[Der__Norweger]

Jul 19, 2007 09:01 ET
Northland Acquires the Pellivuoma Iron-Copper Deposit, Northern Sweden
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2007) - Mr. Bill Wagener, the COO of Northland Resources Inc. (TSX VENTURE:NAU)(FRANKFURT:NBS)(OSLO:NAUR), is pleased to announce that Northland has been granted an exploration permit covering the Pellivuoma iron-copper deposit located about 15 km west of the Stora Sahavaara and Tapuli deposits, near the village of Kaymajarvi in northern Sweden.

The Pellivuoma deposit, which was first discovered in 1919, is under between 6m to 13m of cover and is reported by the Swedish Geological Survey (SGU) to occur in the same stratigraphic position as the Stora Sahavaara and Tapuli magnetite deposits in the Kuanisvaara field.

The SGU calculated a resource of 43 million tonnes with an average grade of 32.7% Fe, 0.04% P, and 0.58% S to a depth of approximately 200m below surface. In the core of the deposit the copper value was estimated to be about 0.04%. The SGU carried out magnetic and gravimetric measurements from 1963 - 1966. Drilling started in 1969 and continued into 1971 for a total of 13 holes drilled (2,494m). The reader is cautioned that this is an historic resource estimate which was prepared prior to the implementation of National Instrument 43-101. The Company has not yet done the work necessary to verify the resource and it cannot be relied upon.

The deposit is folded and faulted and appears to occupy the fold hinge of a northwesterly plunging anti-form. Magnetite occurs as irregular grains or grain aggregates usually 100 - 500 micron in size. Phosphorous occurs as apatite and the sulfur is contained in pyrite and pyrrhotite, and smaller amounts in chalcopyrite.

Northland is currently sampling boulders, re-evaluating historical drilling and geophysical surveys, and planning for exploration drilling to be started when access is available which is likely to be later this summer or fall.

Buck Morrow, the President of Northland said, "The acquisition of the Pellivuoma Exploration Permit is part of our strategy of aggressively growing our portfolio of historic iron resources close to our key projects at Stora Sahavaara, Hannukainen and Tapuli. We believe that the existing historic data bases will allow Northland to quickly evaluate these deposits. Our teams on the ground are continuing to identify and evaluate quality iron targets which have the potential to add iron resources to our portfolio."

NI 43-101 Statement

Vance V. Thornsberry, P.Geol., Vice President of Exploration for Northland, is the Qualified Person as defined in NI 43-101, and has verified that the historic information presented in this release has been accurately summarized from the reports quoted.

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Bill Wagener

NORTHLAND RESOURCES INC.

The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

Viel Spaß noch mit Northland
Der__Norweger

[kody]

Antwort auf Beitrag Nr.: 30.761.031 von Der__Norweger am 19.07.07 15:32:34

July 24, 2007
Northland Resources: 2007 Annual General Meeting

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

Vancouver, Canada, July 24, 2007: Mr. Bill Wagener, COO of Northland Resources Inc., is pleased to announce that the Company's Annual General Meeting will be held on Tuesday, September 18, 2007 in the Rococo Room at the Grand Hotel in Oslo, Norway at 2:00 p.m. (Norwegian time). The formal meeting will be followed by refreshments as well as an opportunity to have informal discussions with the Company's executives and directors.

"With approximately 80 percent of our shares held by European investors, we felt it was important that we give these investors an opportunity to attend our Annual General Meeting closer to where they live. This event will also provide the shareholders an opportunity to meet the Company's directors and management team in both a formal and informal setting," said Buck Morrow, President of Northland.
Ende Kopie

Zu diesem Zeitpunkt dürfte es wohl interessante Infos geben!

Kody

[Blackman16]

Soll man dazu noch etwas sagen!

Großes steht bevor!

Es wird Zeit, dass die Aktie wieder mit größeren Stückzahlen gehandelt wird.

=======================================================================
Northland\\\'s Stora Sahavaara Project Initial Test Results Yield
High Grade Iron Ore Pelletizing Feed
=======================================================================

Vancouver, July 26, 2007: Northland Resources Inc. is pleased to
announce that it has completed the initial metallurgical test program
for its Stora Sahavaara iron project located in northern Sweden.
Earlier this year, Northland mined a 2,000 tonne underground bulk
sample of which 240 tonnes was shipped to an independent Canadian
metallurgical lab, SGS Lakefield Research, Ltd. (\\\"SGS\\\"). SGS conducted
pilot-plant, beneficiation test work based upon the results of previous
bench-scale work reported in Northland\\\'s news releases dated February
12 and 15, 2007.

The process involves crushing the raw mined material to a small enough
size to enable magnetic separation and flotation to concentrate the
magnetite into high iron pellet feed. Test results indicate that
magnetite ore from the deposit will produce a high-grade pelletizing
feed (concentrate) with a typical average composition of:

Assay Total Iron S SiO2 Al2O3 MgO TiO2 P2O5 CaO MnO
Wt% 67.0 0.06 0.97 0.31 4.41 0.1 <0.01 0.02 0.18

SGS processed approximately 50 tonnes of iron ore and produced 26
tonnes of concentrate. Preliminary evaluations suggest that overall
recovery of magnetite is anticipated to be approximately 90 percent.
Based on the results of Northland\\\'s initial evaluations of concentrate
and from commercial pelletizing operational data, it is anticipated
that sulphur will be largely removed during the commercial pelletizing
operations, with the final sulphur levels expected to be approximately
0.01 percent.

The concentrates generated during pilot plant operations are currently
being prepared and blended prior to dispatch to various facilities for
pelletizing test work. This test work will begin as planned in
September at COREM in Canada, and at Corus Group\\\'s R&D Centre in the
Netherlands.

\\\"The ability to demonstrate high recovery of iron and the production of
a concentrate with a low percentage of deleterious elements is another
step forward toward production at Stora Sahavaara,\\\" said Buck Morrow,
President of Northland. \\\"In addition, we are pleased that Corus, a
subsidiary of Tata Steel, the world\\\'s sixth largest steel producer,
will conduct pelletizing test work on our concentrate.\\\"

Additional information will be released when the final SGS report is
completed.

Qualified Person

The metallurgical work was performed under the supervision of Paul
Marsden, VP Metallurgical Development and Operations for Northland. Mr.
Marsden is a member of the IMMM, a Chartered Engineer and a Chartered
Scientist and is the Qualified Person as defined in NI 43-101
responsible for overseeing the design and execution of the
metallurgical test work program at Stora Sahavaara. M. Marsden has
verified that the results presented here have been accurately
summarized from the results reported to Northland.

About Northland (www.northlandresourcesinc.com)
Northland is a well-structured, debt free junior exploration company
with a portfolio of high quality iron, gold, and base metal exploration
projects in Sweden and Finland.

ON BEHALF OF THE BOARD

\\\"Buck Morrow\\\"
NORTHLAND RESOURCES INC.

The TSX Venture Exchange has not reviewed and does not take
responsibility for the accuracy of this release.

CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton, Investor Relations
Toll Free: 1-866-719-8962
www.northlandresourcesinc.com

=======================================================================
Copyright (c) 2007 NORTHLAND RESOURCES INC. (NAU) All rights reserved.
For more information visit our website at
http://www.northlandresourcesinc.com/ or send
mailto:[e-mail]
=======================================================================

[Der__Norweger]

TSX VENTURE: NAU
FRANKFURT: NBS
OSLO STOCK EXCHANGE: NAUR

Jul 27, 2007 09:00 ET
Northland Retains Project Manager for Barsele-Norra Project Area
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 27, 2007) - Northland Resources Inc. (TSX VENTURE:NAU)(FRANKFURT:NBS)(OSLO:NAUR) is pleased to announce that Mr. Kjell Larsson has been retained by Northland to be the Project Manager for its Barsele-Norra project located in northern Sweden. Mr. Larsson has over 24 years of exploration, operations and executive management experience, including the development and operation of precious and base metals properties in Sweden, Canada and Australia.

"Kjell's broad range of experience and in-depth knowledge of exploration, mine operation and production of precious and base metals will be invaluable in achieving the Company's strategy for delivering a high return to its investors," said Bill Wagener, COO of Northland. "We're very pleased to have Kjell leading the effort to strategically position the Barsele-Norra project for the future."

Mr. Larsson received his Master of Science in Mining Engineering from Lulea University in Sweden. Mr. Larsson began his career as a mining engineer with LKAB and has worked at various mining operations in Sweden and Canada as well as being a board member for an Australian exploration company. He was most recently the Vice President of Mining for Lundin Mining Corp.

Barsele-Norra, which is 100%-owned by Northland, is a prospective gold property that contains both intrusive hosted gold and VMS style poly-metallic mineralization zones. In 2006 (see Northland's press release dated March 1, 2006), a NI 43-101 resource report was completed that showed:

Indicated Resources: 7,624,627 tonnes @ 1.60 g/t Au, or 393,324 contained oz.

Inferred Resources: 9,206,020 tonnes @ 1.51 g/t Au, or 437,041 contained oz.

In June 2007, the Chief Mine Inspector of Sweden granted exploitation (mining) concessions to Northland's subsidiaries, Northland Resources AB and Barsele Guld AB, for the extraction of gold and silver at Barsele (including the Avan, Central and Skirasen zones) and for the extraction of gold, silver, lead and zinc at Norra.

NI43-101 Compliance

The resource estimates were prepared by Bart Stryhas, PhD, structural geology, and Vance Thornsberry, P Geol. and were subsequently reviewed by Chlumsky Armbrust & Meyer LLC (CAM), an independent, mineral resource, consulting and engineering group based in Lakewood, Colorado. Vance Thornsberry, P.Geol., Vice President of Exploration for Northland Resources, is the Qualified Person as defined in NI43-101, responsible for overseeing the design and execution of the Barsele exploration program and is responsible for ensuring the accuracy of this release.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Bill Wagener

NORTHLAND RESOURCES INC.
The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.


Scheint ja langsam sowas wie ein reiner Faktenthread zu werden
Ist eigentlich überhaupt noch jemand dabei ?
Oder seit ihr wirklich vor der PP abgesprungen...

[Peekoo]

Antwort auf Beitrag Nr.: 30.879.156 von Der__Norweger am 27.07.07 16:52:18

Finde auch das es sehr ruhig geworden ist. Aber was gibt es auch zu schreiben. Die Kapitalerhöhung zeigt das grosse Investoren noch viel von dem Wert erwarten. Auch ist er nun bei dieser Kapitalierung wirklich aus dem Lager der highrisk Aktien raus. Eben auf dem Weg die Nr. 2 nach LKAB zu werden. Also kaufen und weglegen und sich freuen. Jeder Kurs unter 26,50 Kronen (das war der Kapitalerhöhungskurs ) ist ein klarer Kaufkurs. Also warten wir mal den 18.09. ab, da kommen sicher super news.

[Der__Norweger]

Wenigstens einer
Weitere Lebenszeichen

[Der__Norweger]

das wenigsten etwas hier passiert...
(hoffe das funktioniert am Montag noch:confused

[Blackman16]

Bin auch noch da!

Lieber Fakten als nur Geschwafel wie in den meistens anderen Threads.

Ich glaube im Moment nutzt jemand den kleinen Kursrutsch und die damit verbundene Angst vor einem Crash in den USA um nochmal billig in Northland hineinzukommen bzw. nachzulegen. Clever, clever, oder besser ich bedauere alle die sich hier durch einen Stopp-Loss rauskicken lassen.

Wir werden noch viel Freude haben - egal ob ein "kleiner" Crash kommen wird oder nicht. Fundamental ist diese Aktie noch lange nicht ausgereizt.

[Der__Norweger]

Antwort auf Beitrag Nr.: 30.882.150 von Blackman16 am 27.07.07 20:32:11

na sieh mal an... noch jemand am Start.

ich wollt den Thread auch nicht mit aller Gewalt leben einhauchen,
hab nur das mit der echt dicken Privatplatzierung mitbekommen,
und hab dann halt die letzte Zeit die News hier reinkopiert,
die mir übern Weg liefen, und da halt gemerkt, das nix los ist hier,
was ja wirklich kein schlechtes Zeichen ist.
Denk halt wirklich auch, das viele im Zuge der PP zumindest teilweise raus sind,
vor allem von denen die viel viel länger dabei waren.

Die Gepflogenheiten rund um eine PP sind ja hinlänglich bekannt,
sehe ich genauso

Schönes Weekend

Der__Norweger

[Peekoo]

Antwort auf Beitrag Nr.: 30.882.599 von Der__Norweger am 27.07.07 21:14:41

Das jemand einsammelt kann ich leider nicht bestätigen. In Oslo werden immer deutlich mehr Aktien angeboten als gekauft. Und immer saukleine Stückzahlen. Überhaupt ist das Volumen seit der PP verflucht klein geworden. Allerdings werden die PP Aktien überhaupt nicht gehandelt. Nur ein paar 1000 Stück am 2. Tag seitdem null. Da scheint wirklich einer sehr überzeugt worden zu sein. Im Dez. werden diese Aktien dann gleichwertig bzw. in echte handelbare Aktien getauscht. Bis dahin bleibe ich mit jedem Stück drin. Wollte gern die PP Aktien nachkaufen, aber die sind leider nicht zu bekommen.
Weiß eigentlich einer ob die 10 % der pp für die Altaktionäre auch verkauft wurden ? Macht für Kleinaktionäre keinen Sinn, da die Stammaktie seit pp immer günstiger war. Trotzdem wenn Grossinvestoren den Kurs künstlich unter pp halten wollen, damit kein "Geschmäckle" Richtung Insiderhandel aufkommt. Vielleicht haben die auch diese 10 % noch genommen.

[Peekoo]

Ganz andere Frage:
Hat eigentlich jemand von Euch Erfahrung mit dem Angebot von wallstreet online das Konditionsmodell 100 bei comdirect zu nutzen ?
Liegt bei mir noch auf dem Schreibtisch und ich zögere diese Bevollmächtigung zu unterschreiben.

[Peekoo]

Hallo,
noch jemand da ?
Was haltet Ihr von der aktuellen Entwicklung ?
Der Kurs bleibt deutlich unter dem PP Wert. Und spürbare Nachfrage gibt es zur Zeit erst bei Kursen um die 21,50 in Oslo.
Wie interpretiert Ihr diese Entwicklung ?
Ich für meinen Teil warte bis zum 18.09. ab !!

[CaptainBizeps]

18.9?
Was kommt da?

[Peekoo]

Das passiert am 18.09.:

Vancouver, Canada, July 24, 2007: Mr. Bill Wagener, COO of Northland Resources Inc., is pleased to announce that the Company's Annual General Meeting will be held on Tuesday, September 18, 2007 in the Rococo Room at the Grand Hotel in Oslo, Norway at 2:00 p.m. (Norwegian time). The formal meeting will be followed by refreshments as well as an opportunity to have informal discussions with the Company's executives and directors.

"With approximately 80 percent of our shares held by European investors, we felt it was important that we give these investors an opportunity to attend our Annual General Meeting closer to where they live. This event will also provide the shareholders an opportunity to meet the Company's directors and management team in both a formal and informal setting," said Buck Morrow, President of Northland.

[CaptainBizeps]

Antwort auf Beitrag Nr.: 31.087.520 von Peekoo am 08.08.07 22:01:48

OK, und kommt da ne besondere Entscheidung oder wird was Verkündet?

[Peekoo]

Was am 18.09. kommt weiß natürlich noch keiner.
Nur sind aufgrund der PP eine Menge Aktien über Börsenkurs verkauft worden. Wenn ich es richtig verstanden eine Neuausgabe von zusätzlichen 30 % aller Aktien. Diese mit einem Handelsstopp bis Dez. 07. Dann erst werden diese "neuen Aktien" gleichberechtigt mit den "Alten". Jeder der diese Aktien aus der PP gekauft hat, muss ein Riesen Potential wittern, sonst würde er es nicht tun.
Jeder Kleinaktionär hat täglich die Chance kleine Mengen weit unter diesem Kurs (zur Zeit ca. 20% tiefer) einzusammeln. Kann doch so schlecht nicht sein oder ?
Heute kam folgende Meldung:
Vancouver, Canada, August 9, 2007: Mr. Aurelian
Bukatko, the CFO of Northland Resources Inc., is
pleased to announce that a total of 39,072 common
shares of Northland have been subscribed for at a
purchase price of NOK 26.50 per share under its
public share offering previously announced on July
13, 2007 (the `Subsequent Offering`). The Company
will receive gross proceeds of NOK 1,035,408
(approximately CDN$ 188,548).

Vancouver, Canada, August 9, 2007: Mr. Aurelian
Bukatko, the CFO of Northland Resources Inc., is
pleased to announce that a total of 39,072 common
shares of Northland have been subscribed for at a
purchase price of NOK 26.50 per share under its
public share offering previously announced on July
13, 2007 (the `Subsequent Offering`). The Company
will receive gross proceeds of NOK 1,035,408
(approximately CDN$ 188,548).

The shares to be issued in the Subsequent Offering
will have a hold period which restricts trading on
the TSX Venture Exchange or otherwise to Canadian
residents, for a period of four months and one day
following the issuance of the shares which is
anticipated to occur on or about August 15, 2007.

Allocation letters will be sent to the subscribers
on August 9, 2007. The payment date for the
subscribed shares in the Subsequent Offering is
August 10, 2007, and will take place through
automatic debit of the bank accounts specified by
the subscribers on the subscription forms. The
new
shares will be tradable on Oslo Børs on or about
August 17, 2007.

Pareto Securities ASA acted as the Company´s
advisor in connection with the previously
announced
Private Placement and the Subsequent Offering.

Wenn ich das richtig verstehe, betrifft das die zusätzlichen 10 % der PP. Die ist also nur minimal angenommen worden. Eben nur diese 39.000 Stück.
Verstehe ich das richtig ???

[Peekoo]

Antwort auf Beitrag Nr.: 31.094.877 von Peekoo am 09.08.07 14:04:55

Hallo Community,
ist noch jemand da ?
Wer ist denn noch investiert ?
Welche Einschätzungen gibt es ?
Habt ihr zufällig auch TNG oder Landmark ?

[Peekoo]

Antwort auf Beitrag Nr.: 31.179.226 von Peekoo am 16.08.07 09:34:25

Hallo Community,
eigentlich gibt es seit Mitte Juli nichts wirklich Neues:
23.07.2007
Hot Stocks Europe

Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Europe" bewerten die Aktie von Northland Resources (ISIN CA6665271061 / WKN A0F6DK) weiterhin mit "strong buy".

Nach einer vorübergehenden Konsolidierung sei es für Northland Resources nun wieder kräftig nach oben gegangen. Nachdem die Gesellschaft eine Privatplatzierung von Aktien in Aussicht gestellt habe, hätten Gewinnmitnahmen den Titel leicht unter Druck gesetzt. Dabei habe es keinerlei Probleme gegeben, insgesamt mehr als 22 Mio. Aktien zum Kurs von 26,50 Norwegischen Kronen zu platzieren. Weitere 2,28 Mio. Aktien sollten nun noch im Rahmen eines öffentlichen Angebots ausgegeben werden.

Das Angebot sei auf Grund der hervorragenden Entwicklung im operativen Geschäft ein leichtes Unterfangen. Ende Juni habe das Unternehmen die Bohrerlaubnis für das Barsele-Gold-Projekt erhalten. Letzten Dienstag habe man erneut ausgezeichnete Bohrergebnisse für das Hannukainen-Projekt gemeldet. Die Wertpapierexperten würden schon in Kürze mit einem neuen Update von den Analysten von Pareto Securities rechnen.

Die Experten von "Hot Stocks Europe" stufen die Northland Resources-Aktie nach wie vor mit "strong buy" ein. (Ausgabe 14 vom 23.07.07)
(23.07.2007/ac/a/a)

22 Mio Aktien werden zu 26,50 NOK verkauft und mit einer Weiterverkaufsperre von 4 Monaten belegt.
Jeder Kleinaktionär könnte heute zu 18,50 NOK kaufen.
Was könnte daran verkehrt sein ?
Eure Meinung !!

[berhem]

ich bin noch weiterhin voll investiert und lege nach.
Ich habe den Hot Stocks Europe als Abo, und die haben keinen Stopp Loss in der letzten Ausgabe gehabt.

[Peekoo]

Hallo berthem,
vielen Dank für dein lebenszeichen.
Stopps sind bei so einer Aktie auch sehr gefährlich.
Endweder man ist überzeugt oder nicht. Stopps führen dazu, das sich der Abwärtstrend noch verstärkt. Trotzdem schau ich wie ein Kaninchen auf die fallenden Kurse. Noch ist mein Cash trocken, es juckt aber schon noch einmal einzusteigen.

[Peekoo]

Neue Nachricht von unserem Börsenliebling:
Vancouver, August 21, 2007: Northland Resources
Inc.: In light of the recent turmoil in the
financial markets, Northland wishes to inform
market observers and investors of the following:

- The Company`s cash position as at July 31, 2007
was approximately C$145 million.
- The cash is held on term deposits with major
bank
institutions and highly liquid government backed
securities with AAA rating.
- Funds are denominated in currencies that
maintain `purchasing power parity` for future
Northland construction projects in the Nordic
Countries.
- Under Northland`s investment management
procedures, safety is a priority, where
investments
are not exposed to the risk of unacceptable losses
in capital value.
- Northland does not currently hold directly or
indirectly any type of derivative contracts.

Additional information on the Company`s financial
position may be found in our financial statements
for the three months ended April 30, 2007, filed
on
SEDAR June 14, 2007. These have also been posted
on the Company`s website at
www.northlandresources.com.

PP waren ca. 188 M C$, ohne diese weiteren 10 % die anscheinend nur zu einem kleinen Teil verkauft wurden.
Von einer Risikoaktie ist man langsam wirklich weit entfernt. Also weiter warten auf den 18.09.
Andere Meinungen ?

[LordAlec]

!

Dieser Beitrag wurde moderiert. Grund: Postings von Doppel-IDs

[Der__Norweger]

23/08-2007 07:55:00: (NAUR) Northland Defines Major Iron-Copper-Gold Resource at Hannukainen
Vancouver, August 23, 2007: Northland Resources Inc. ("Northland",
TSX-V: NAU), is pleased to announce that the Company has defined a
major, NI43-101 compliant iron-copper-gold resource at its 100%
owned Hannukainen project in Finland. Total Measured plus Indicated
resources are 84.6 million tonnes with an average grade of 34.6% Fe,
0.20% Cu, and 0.093 g/t Au using a cut-off of 15% Fe. An additional
81.6 million tonnes @ 35.7 % Fe + 0.13%Cu + 0.036 g/t Au have been
defined in the inferred category.

The resource calculation utilized 104 diamond drill holes completed
by Northland up to July 23, and 236 historic holes. Assay results
were still outstanding for 10 holes drilled by Northland which were
excluded from the resource calculation. The resource estimate will be
update to reflect the additional results when the current drill
program is complete.

Resources have been calculated for all of the five known
iron-copper-gold occurrences in the Hannukainen area; Laurinoja,
Lauku, Kuervaara, Vuopio and Kivivuopio. These deposits are
characterized by spatially interrelated near-surface, sub-horizontal
lenses of magnetite mineralization located within an area measuring
approximately 1.3 km by 2.7 km.

Using a cut off grade of 15% Fe, the recent and historic drilling has
outlined:

* Measured Resources 53.14 Million tonnes @ 35.6% Fe + 0.25% Cu
+ 0.124 g/t Au
* Indicated Resources 31.46 Million tonnes @ 32.9% Fe + 0.11% Cu
+ 0.043 g/t Au
* Inferred Resources 81.63 Million tonnes @ 35.7 % Fe + 0.13%Cu
+ 0.036 g/t Au.


Within the total resources summarized above, at a 15% Fe cut off, the
copper-rich Laurinoja lens contains:

* Measured Resources 35.40 Million tonnes @ 37.6% Fe + 0.32%
Cu + 0.170 g/t Au
* Indicated Resources 4.48 Million tonnes @ 34.6% Fe + 0.23% Cu
+ 0.125 g/t Au
* Inferred Resources 3.45 Million tonnes @ 36.1 % Fe + 0.26%
Cu + 0.166 g/t Au


A full table of resources calculated at different cut off grades, and
a full table of all drill results from Northland's drilling will be
posted shortly on Northland's website at
www.northlandresourcesinc.com. The technical report will be filed on
SEDAR within 45 days..

Buck Morrow, the President of Northland said: "The Hannukainen
project is advancing exceptionally well for Northland. This is our
second major NI43-101 compliant resource for a magnetite body in the
Pajala Shear Zone and the Hannukainen estimate has confirmed and
substantially enlarged the estimated historic resources of 66 million
tonnes calculated by the GTK. The overall tonnages far exceed what we
had hoped to define and reinforce that the historic resource
estimates for our magnetite projects in the Pajala Shear Zone appear
to be conservative. We hope that our on-going drilling will continue
to expand the resource and move tonnes from inferred into the
indicated and measured categories.

We have now begun the technical and permitting work necessary to
partially drain the Laurinoja open pit to expose the pre-stripped
magnetite mineralization. This will allow our contractors to begin
mining a substantial bulk sample of copper-gold bearing magnetite for
pilot-scale metallurgical test work. Bench scale testing, which we
reported on July 17 has already produced results indicating the
potential for production of a high quality, low sulfur magnetite
concentrate in addition to a copper-gold concentrate."

The Hannukainen area itself represents only one of a number of known
iron-oxide-copper-gold type magnetite occurrences in the Kolari
District, Finland that are currently being evaluated by Northland.
On the Swedish side, at the Stora Sahavaara prospect which is roughly
25km from the Laurinoja open pit, the Company has defined a
significant NI43-101 compliant iron resource with Cu credits (see
Northland's press release dated May 18, 2006). At the Tapuli deposit,
adjacent to Stora Sahavaara, work is in progress to expand the
historically defined magnetite resource of 60 million tonnes.
Northland's broader objective is to define combined resources in
excess of 500 million tonnes of magnetite mineralization within the
region.

Planned Work at Hannukainen

Drilling continues at Hannukainen to further expand the known
resource and define the limits of the deposits as required for mine
planning and design. Additional metallurgical testing is planned, and
will include the ongoing program of bench scale tests, followed by
bulk sampling of the Laurinoja material and pilot plant testing.
Results of the metallurgical tests will form the basis for further
mine planning and detailed engineering required for mine
development. Environmental baseline studies are in progress and will
be utilized to support the applications for operating permits.

Resource Calculation Methodology

The resource modeling was completed in a joint effort between Micon
International of Norwich, United Kingdom and Geovista of Lulea,
Sweden. The resource calculation was based on assay results from 104
holes, totaling 19,079 meters, drilled by Northland and 236 holes,
totaling 41,530 meters, of partially re-assayed historic holes (167
of the historical holes have been re-logged, re-assaying was done for
all ore-intercepts except for when core was missing or only ¿-core
was left.) In all, the database comprised 340 holes, totaling 68,609m
of core.

The different mineralised zones were defined by cut-off grades for Fe
and Cu respectively. For the High Grade Fe zone it was 25% Fe while
the Low Grade Fe zone was defined using a cut-off grade of 10% Fe.
The Cu zone was defined using a cut-off grade of 0.1% Cu.

The Block size was defined as 10 x 20 x 2 m (east x north x
elevation). Block grades were interpolated using Inverse distance
with a power of 3, with a minimum of 3 and a maximum of 8 samples.
The primary search radius used was 75x75x10 m. The orientation of the
search ellipse for each block was varied based on the Dynamic
Anisotropy function in Datamine. Assays were composited to 2m length.
The bulk density of the mineralisation was based on a regression plot
generated from 666 actual measurements collected. Bulk density is
given by 2.85 + (0.027 x Fe%).

Measured mineral resources are defined as those portions of the
deposit drilled at an interval of 50m x 50m with a minimum of 3
samples. Each block has a restriction to use only one sample per
drill hole with a minimum of 2 octants.

Indicated mineral resources are defined as those portions of the
deposit generally drilled on a grid of 100m x 100m. The blocks were
estimated with a minimum of three samples, utilising a maximum of one
sample from a drill hole.

Inferred mineral resources are defined as those portions of the
deposit drilled at a spacing of 200m x 200m.

Qualified Person

Vance V. Thornsberry, P.Geol., Vice President of Exploration for
Northland, is the Qualified Person as defined in NI 43-101,
responsible for verifying that the resource numbers reported in this
release are an accurate summary of the figures reported to Northland
by Micon International and Geovista. Mr. Thornsberry has also
verified that the historic information presented in this release has
been accurately summarized from the reports quoted. Mr. D.K.
Mukhopadhyay, MAusIMM, of Micon served as the independent Qualified
Person for the resource modeling.

Der__Norweger

[Der__Norweger]

Na in Oslo scheint man auch so langsam wieder wach zu werden,
nach zwei Wochen Lethargie.
Und dann muss wieder alles auf einmal aufgeholt werden.

*kopfschüttel*

[Peekoo]

Hallo Norweger,

die meldung habe ich auch gesehen. Das ist auch der Grund für den heutigen Anstieg. Aber doch eigentlich nur eine Bestätigung oder ? Wie ist Deine Einschätzung ? Kaufst du noch nach solange der Kurs unter pp steht ?

[Der__Norweger]

Antwort auf Beitrag Nr.: 31.266.655 von Peekoo am 23.08.07 11:56:30

nee nee, das hängt sicher nicht mit der Meldung zusammen,
die Ressourcenerweiterung ist ja nur minimal.


Siehe #3139

[Maettel]

Börsenplatz Währung Letzter Preis 09:49:01 Veränderung
Venture CAD 4.35 +0.85 (+24.3%)
Geldkurs-Volumen Geldkurs - Briefkurs - Briefkurs-Volumen
2'100 4.36 4.4 1'500

nicht schlecht, ich möchte aber 6 Euro sehen...

[berhem]

Ich freue mich heute

[Blackman16]

Aus dem Stockhouse Board. Wahrscheinlich der Grund für den steilen Anstieg heute.

Very important Naur news. First 43-101 resources statement on Hannukainen. We re-iterate our Strong Buy. We increase our 12-month target from NOK 50 to NOK 75.

Northland today announced its first 43-101 compliant resource on the Hannukainen deposit. This resource was mined in the eighties but abandoned when metal prices were low. It contains iron ore, but also copper and gold. Northland have said that around 4.5mT was mined, and the Finnish geological survey has defined >60mT of resource.

The company has for more than a year been drilling with promising drill results. Today’s release is the first updated resource statement for this property, verified by independent consultants.

Based on historic drill cores and its own drill cores, the company has now defined a total resource at Hannukainen of 166mT. This is far more than we had hoped to see, as we had expected a resource definition of around 100mT. There is significant upside to these resources, because drilling continues to show promising mineralization. This is however of less significance, as the current definition already translates to a minelife in excess of 20 years.

The grades varies significantly, the copper rich Laurinoja ore, which was the one previously mined, has now defined 35mT in the Measured category with 38% Fe, 0.3% Cu and 0.17 g/t Au. The grades are somewhat lower than we had hoped to see (much lower for gold), but this is not the important thing.

The important issues are:

Northtland can now report a 43-101 Iron Ore Copper Gold deposit

This mine has been mined historically and we know the metallurgy works fine

Investors can now for the first time get a pretty good idea of its economics

The gross value of the metal in the ground (in-situ) in the resources reported today - at current metal prices - translates to 10bnUSD.

Apart from processing plant and mine equipment, all necessary infrastructure is essentially in place, and its deposits are in a stable political environment with high mining expertise (Finland)

The Hannukainen project economics is phenomenal, since the gold and copper can be taken at low additional cost. Our base case for the production of copper and gold, which is associated with the Hannukainen orebody, assumes USD 50m in processing cost. This translates to USD 180/Oz when converting copper revenues to gold equivalents. We believe this is very conservative.

With a 43-101 resource statement, this deposit is marketable towards North American investors, and we very much look forward to do so going forward

When fully up and running in 2012E on its three deposits Tapuli, Stora Sahavaara and Hannukainen, we estimate annual revenues at current metal prices of around USD 1.2bn. The combined projects at current metal prices are then estimated to generate an EPS of NOK 21 (fully diluted and fully taxed, assuming no more shares being issued).

The Laurinoja ore at Hannukainen that is in the Measured category (the highest probability), will in our base case (see below) generate an estimated EPS of NOK 10, this should happen in 2012E. This is the essence in today’s resource statement.

Northlands market capitalisation is USD 400m. The company will need to invest close to 1bnUSD to get Hannukainen and Stora Sahavaara into production (these will probably be running at the same processing plant). The company currently has ~USD 130m in cash (means it can order long lead time equipment now; very important). We believe the Barsele deposit can be sold for USD 50-100m further down the road. With feasibility studies due during 2008 and high likelihood of getting off take agreements with steel mills in Europe and the Middle East, we believe the projects can be financed with high financial leverage. We therefore believe that the company now is so well funded that a staged build up can be financed without significant future dilution.

Management and board is excellent.

Conclusion: we re-iterate our Strong Buy. We believe the long term share price potential can exceed NOK 200. We increase our 12 month share price target from NOK 50 to NOK 75.

Defined resources, historic resources, recent drill results and our expectations are shown in the below table.

The in-situ metal value is calculated to USD 10bn as shown in the below table

A preliminary P&L estimate on Hi/Mid/Lo scenarios on the Hannukainen deposit is shown below. As mentioned above the Stora Sahavaara and Tapuli iron ore deposits adds strongly to this earnings potential.

Brgds,

Henning Lassen

[Der__Norweger]

Vancouver, August 24, 2007: Northland Resources
Inc. announces that it has granted incentive stock
options to directors, officers and employees of
the Company to purchase up to an aggregate of
2,150,000 common shares, exercisable for five
years at a price of $4.68 per share.

Background

Northland Resources Inc. is a well-structured,
debt
free junior exploration company with a portfolio
of
high quality iron, gold, and base metal
exploration
projects in Sweden and Finland.

The TSX Venture Exchange has not reviewed and does
not take responsibility for the adequacy or
accuracy of this release.

[Peekoo]

Antwort auf Beitrag Nr.: 31.276.915 von Der__Norweger am 24.08.07 09:00:21

Was geht denn da gerade ab in Oslo ?
Hat jemand eine Erklärung für diese grossen Umsätze ?
Weiß da jemand mehr als wir ?

[berhem]

Lies doch mal, Analystenempfehlung. Das Kursziel von 50 auf 75 NOK gesteigert ...das sind 50% ...
Ich kaufe nach und habe schon die Wochen gekauft....
UXC limited solltet ihr euch anschauen...
Australischer Netzwerkausrüster...

[Peekoo]

Antwort auf Beitrag Nr.: 31.285.274 von berhem am 24.08.07 19:06:13

Hallo Berhem,
das sehe ich ja alles ein. Trotzdem an 2 Tagen werden mehr als 15 M. Aktien in Oslo gehandelt. Das ist schon irre. Auch wie geräuschlos die pp über die Bühne ging, 22 m Aktien.
Die Jungs machen wirklich einen super Job, da sei Ihnen auch die Stockoptions gegönnt. Mit dieser Aktie werden wir noch viel Freude haben.

[CaptainBizeps]

Und nu?
Kursanstieg vorbei???

[Peekoo]

Antwort auf Beitrag Nr.: 31.302.492 von CaptainBizeps am 27.08.07 13:43:10

Hallo,
der Kursverlauf ist schwer zu deuten.
Nachfrage aber eben auch das Angebot ist da. Wir beobachten bereits seit Wochen, das ein riesiges Angebot an Aktien da ist.
Ich bleibe dabei: Kurse unter PP (26,50 NOK) sind Kaufkurse.
Aktie einfach im Depot liegen lassen.
Ob nun 20 oder 26 ist doch wurscht wenn man überzeugt ist und auf 50 NOK warten will.
Ständiges rein und raus ist bei diesem Kursverlauf sicher schwierig. Wer z.B. bei 18 eingestiegen ist und bei 22 wieder rausgeht, kommt bwahrscheinlich nie wieder zu Kursen unter 22 rein.
Also liegen lassen.

[Popeye82]

...

[CaptainBizeps]

Hier mal was aus dem Stockhous Board:
http://www.stockhouse.ca/bullboards/viewmessage.asp?stat_num…

I'll try to explain what has happened in Oslo during the last few days - you migth not belive your own eyes.

thursday the Hannukainen technical report was out- market reaction was very positive.

Friday morning one of the socalled business daylies had a frontpage article on NAU with the headline: "Secret internal evaluation send share flying".

The article was referring to the morning report to traders supplied by the Pareto analyst to their trading department and to selected customers.

The front page article went on to cite the NOK 200 POSSIBLE FUTURE target implying that that represented a 2400% potential (to make it really sensational they omitted to tell that that calculation was based on some shareprice way back).

I belive you can all understand that such front page article would draw the attention of "everybody" - and it did - resulting in all sorts of investors piling in and the volume climbed to +11 mill shares traded. That's about four times the previous all time high turnover

Then on saturday the other "business paper" - sore by having missed the story the day before - launched their sensation - claiming that Pareto had issued an exaggerated valuation report on NAU - and used the climb in the share price to sell massively - implying as is also often the case by people on this board - that "houses" recommend shares and sell their own shares simultaneously.

The fact is that Pareto coustomers accumulated shares massively in the 18-19 range during the last sell off - and offcourse some used the opportunity to sell in the 26- 28 range.

Naturally the saturday "business paper article" inspired a lot of "investors" to belive they had been decieved - resulting in a massive selloff today.

I belive we are going to se normal conditions tomorrow. The Annual Report is out - it's highly recommended.

In my opinion the investment case in NAU is intact and likely to be most profitalbe

[Der__Norweger]

Northland Appoints Tuomo Makela to the Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2007) - Northland Resources Inc. (TSX VENTURE:NAU)(FRANKFURT:NBS)(OSLO:NAUR) is pleased to announce the appointment of Mr. Tuomo Makela to the Company's Board of Directors. He has over 20 years' experience directing exploration and development operations on base and precious metal properties located in Latin America, Canada, Spain and Finland.

Mr. Makela is President of Outokumpu Mining Oy, a Finland-based unit of the Outokumpu Group, an international stainless steel organization with annual sales of six billion euros. He also acts as advisor to a Finnish investment company involved in venture capital funding and private equity finance.

Buck Morrow, the President of Northland, said: "We are very pleased to add Tuomo to the Board of Northland. His operational and senior management experience relating to the planning, construction, and commissioning of both mining and processing facilities will be important to the development of our iron projects both in Finland and Sweden. In addition his expertise in natural resource finance in the areas of equity and project finance will also be valued."

Google gibt auch einiges her, scheint wirklich vom Fach zu sein...
Der__Norweger

[CaptainBizeps]

Hat eigentlich mal irgendein Großes Haus n Kurszeiel genannt?
War da nicht letztens von 75NOK die Rede?

Gerade jetzt nach den Resourcen für Hannukainen muss Northland doch richtig im Saft stehen.
Schließlich hat Anglo für das Stora Sahavaara Property die Möglichkeit sich wieder einzukaufen.
70% für die 3x Explorationskosten wäre doch ein schlechter Deal für Northland.

Aber nun kann man dieser Seite ja Ruhig entgegen sehen da Hannukainen zu 100% Northland gehört.
Wenn man daran denkt das vor dieser Schätzung das Baby schon bei bei 3-3,4€ gelegen hat dann sollten doch 6€ locker drin sein, oder wie schätzt man das hier ein?

[Peekoo]

Genau so schätze ich das auch ein. Mich verwirren nur die riesen Aktien Angebote in Oslo. Warum gehen so viele jetzt raus aus der Aktie ? Wer verkauft da wo die Risiken Tag für tag sinken ? OK, selbst die grössten Angebote werden immer wieder aufgenommen. Trotzdem wundert mich das Angebot und für eine so enge Aktie die relativ geringen Bewegungen an einem Tag. Ist wirklich keine Aktie zum schnellen rein und raus. Also eine echte \"Kostolany\". Liegen lassen und in einem Jahr wieder anschauen. Oder ?

[Der__Norweger]

Vorsicht: Meldung ist etwas länger als sonst
Inhalt: Es geht eigentlich überall vorwärts...


Sep 13, 2007 12:27 ET
Northland Outlines Regional Exploration Progress
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2007) - Buck Morrow, the President of Northland Resources (TSX VENTURE:NAU)(OSLO:NAUR)(FRANKFURT:NBS), is pleased to provide an update on the Company's ongoing exploration and development work in northern Sweden and Finland. Highlights of Northland's current work include:

- six diamond drill rigs operating at the Stora Sahavaara and Salmivaara projects in Sweden, and at Hannukainen and Kuervitikko in Finland.

- 47 significant geophysical targets identified in the Pajala area by consultants GeoVista with geophysical signatures that may reflect the presence of iron-copper-gold (IOCG) style mineralization. Six are ranked as high priority.

- recent exploration work and archival research has highlighted a number of other potentially important targets for follow up work.

- road construction to access the Tapuli magnetite project is well advanced with roughly 1900 meters of the planned 2.3 km complete. Metallurgical drilling is scheduled to recommence on or about September 17th.

Northland's current regional exploration projects are detailed below. (The reader is cautioned that this release contains historic resource data which is not NI 43-101 compliant and has not yet been verified by Northland. As such, the resource figures cannot be relied upon).

The Kuervitikko Iron-Copper Gold Deposit

Kuervitikko, a Hannukainen-type iron-oxide-copper-gold (IOCG) deposit, is 4 km north of the Hannukainen deposit in Finland. Known mineralization consists of two gently dipping magnetite-rich lenses, in similar host rocks to Hannukainen, sub-cropping beneath overburden which would be amenable to surface mining techniques. The deposit was first discovered by Rautaruukki during mining and exploration of the Rautuvaara mines and surrounding area. They completed airborne and ground geophysics, bedrock mapping, and drilled 45 diamond drill holes between 1976 and 1987.

Northland is currently on its third drill hole of a planned 45 hole (5,000m) program designed to verify the Rautaruukki and GTK drilling, and to test the nearly 2.3km of apparent strike length and test down dip for continuity.

All available archived holes (28 in total, for 2,247m of core) have been re-logged and incorporated into an updated geologic model. Bedrock mapping was completed by Northland's geologists in 2006. A magnetic anomaly associated with a small historic resource extends an additional 1.3km to the southwest of the historic drilling. The updated geological model completed by Northland indicates potential to develop substantial Fe+Cu+Au resources which could be mined with, and supplement, the Hannukainen resources.

Drilling at Salmivaara Iron Deposit

The Salmivaara IOCG deposit is located approximately 33km from LKAB's Malmberget iron mine, and Boliden's Aitik copper mine. The iron mineralization occurs as magnetite skarn in metamorphic rocks which lie within the nose of a fold.

The Swedish Geological Survey (SGU) reported an historic iron resource of 16 million tons at 33.5% iron and 0.1% copper to a depth of 120m, and up to 120 million tonnes to a depth of 700 meters. Historic drilling consisted of 11 holes with a total of 1,818 meters. Test drilling is in progress to confirm and evaluate historic drilling at Salmivaara and assays are pending. Four holes have been completed of a six-hole program.

Regional Geophysical Interpretation

Northland has received a report from its geophysical consultants, GeoVista AB, detailing the results of an interpretation of the regional geophysical data (Airborne EM, radiometric, and magnetic surveys) available for the Pajala area. The objective of the study was primarily to define exploration targets for follow up and possible drilling.

GeoVista's work has highlighted 47 significant geophysical targets in the Pajala area with geophysical signatures that may reflect the presence of IOCG style mineralization. Six are ranked as high priority. Northland's geologists are currently field checking the geophysical targets in order to plan a future exploration program for targets of merit.

An application for exploration permits has been submitted to the Mines Inspectors Office for an area containing several of the geophysical anomalies. Northland is awaiting the approval of the grants.

Kaymajarvi Project Area

The Kaymajarvi Project area is located approximately 12km west-northwest of Stora Sahavaara in Sweden. Northland acquired the project by staking and controls a 100% interest in the ground. Thirteen mineralized bodies have been described by the SGU and the key ones are outlined below. Northland's field geologists have been mapping and sampling on the Kaymajarvi exploration permits in preparation for a winter drill program to test iron and copper-gold targets. The primary iron targets are:

Pellivuoma, approximately 15km west of Stora Sahavaara. The SGU has reported an historic resource estimate of approximately 40 million tonnes of magnetite grading 32.7% Fe based on 13 historic drill holes. Pellivuoma is relatively low in sulfur (0.58%) and phosphorous (0.04%) and could potentially be operated in conjunction with the Stora Sahavaara deposit.

Marjajarvi is described by the SGU as a 1km long Fe deposit of 3 million tonnes to a depth of 100 meters grading 25% Fe with local copper values. The area was first discovered in 1919 and has had intermittent work carried out over the past decades. There are only six historic drill holes in the deposit.

Three interesting copper-gold targets, Roskajoki, Lombolovaara, and Lombolojoki, have also been identified from the historic work. All three have returned highly anomalous copper grades in historic sampling by the SGU and will be investigated over the coming winter field season.

Tapuli

Northland has initiated the NI 43-101 resource calculation for the Tapuli magnetite project which should be completed during the first quarter of 2008. Micon International, who will be the consultants along with GeoVista AB, have already completed their field visit to the project.

Road construction to access Tapuli is well advanced. The road has advanced approximately 1.9km of the planned 2.3km and is nearing the point at which drill rig access is available. Drilling is scheduled to recommence on or about September 17th. Northland plans to complete the infill drilling of the deposit and to drill large (84mm) diameter core for metallurgical testing. The road will also provide access for the start up of the environmental studies planned for the coming months and into early 2008.

Lannavaara/Saarijarvi Project Area

The combined Lannavaara and Saarijarvi exploration permits cover approximately 26,265ha near the village of Lannavaara, in Norrbotten County, Sweden. Two intriguing magnetite bodies are known within the project area: Teltaja and Kevus. Northland will be conducting geophysical surveys at both projects to assist in drill targeting for a winter program.

The Teltaja iron deposit is located 76km northeast of Kiruna in Sweden. The SGU defined a non 43-101-compliant historic resource of 43 million tonnes at an average grade of 43% iron based on 7 historic holes (1,703m of drilling). The iron occurs as both hematite and magnetite. The SGU reports that there are two "lobes" of mineralization within the deposit. The Southern lobe contains iron ranging from 30 to 40% Fe over a 50m width, and the Northern lobe averages 47% Fe over a 70m width.

The Kevus Iron Deposit is located 4km northeast of Teltaja. The SGU describes Kevus as a 20m thick magnetite zone containing 30% iron surrounded by a magnetite bearing zone up to 50m thick grading between 20% and 30% contained iron. LKAB, the Swedish state owned iron mining company, reports a historic resource of 38.8 million tons of magnetite bearing material averaging 28% iron.

The Huornaisenvouma zinc-lead-copper-silver deposit also lies within the Lannavaara/Saarijarvi Project Area, 8km south of Lannavaara village. It was discovered some years ago using glacial till sampling, geophysics and drilling. In the deposit area, a thick (approximately 300m) dolomite unit is altered to skarn and contains anomalous lead, zinc and copper.

LKAB drilled 22 holes along a strike length of about 550 meters in the central portion of the zinc deposit, with additional drilling along trend. A relatively continuous eastern zone and discontinuous western mineralized zone were defined by this drilling. Three historic, non-43-101 compliant resources have estimated that the central zone contains between 300,000 tonnes of 5.8% zinc, 550,000 tonnes of 4.5% Zinc, 2.6% Lead and 12 g/t Silver and a mineable resource of 200,000 tonnes @ 5.2% Zn, 4% Pb and 17 ppm Ag. Several historic holes cut a copper-only zone below the zinc/lead/silver mineralization that can be followed over several hundred meters of strike.

Northland plans to develop a predictive model of mineralization controls at Huornaisenvouma and to explore along strike to determine if mineralization has been adequately tested along the entire strike length of the deposit.

Qualified Person

Vance V. Thornsberry, P.Geol., Vice President of Exploration for Northland Resources, is the Qualified Person as defined in NI 43-101, responsible for overseeing the execution of Northland's regional exploration programs and for verifying that the information presented in this news release is an accurate summary of the Northland's current exploration programs.

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.
The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

[CaptainBizeps]

Tja das bringt mir auch nur Fragezeichen, Meldung gut, Amis ziehen an und trotzdem heute wieder ins Minus gerudert.

Da möchte man ja glatt neu Neuauflage der Weserübung machen!

Sogar die Kanadier sehen es ein, bis jetzt noch nix gehandelt.
Naja bei der lausigen Vorlage aus Olso auch kein Wunder.

[Peekoo]

Antwort auf Beitrag Nr.: 31.566.097 von CaptainBizeps am 13.09.07 20:50:42

ja, wer kann den Kursverlauf deuten ?
warum weiter so ein hohes Angebot an Aktien ?
wurden noch mehr gute Nachrichten erwartet ?

[CaptainBizeps]

Tja und heute wird natürlich gleich wieder mit dem Markt ins Minus gerudert.
Gerade so als ob wir hier ein Finanztitel wären, die müssen da oben doch schon Hirn-Frost bekommen haben.

[Peekoo]

Heute ist Freitag ! Markt ist nervös.
Aber. Der 18.09. ist auch in Sicht !
Also einfach abwarten ! Mal schauen was am Di. bekannt gegeben wird.
Oder ?
Andere Meinungen ?

[CaptainBizeps]

Antwort auf Beitrag Nr.: 31.574.214 von Peekoo am 14.09.07 15:54:22

Und die Fed wird ja auch noch was ablassen.

Hoffentlich baut der keinen scheiß, sonst schmeiß ich ihn seinem geliebten Dollar hinterher.

[Blackman16]

Annual General Meeting 2007

http://www.vcall.com/IC/CEPage.asp?ID=118388

[Blackman16]

Northland Resources Top-Empfehlung

25.09.2007 09:03:55

Endingen (aktiencheck.de AG) - Die Aktie von Northland Resources (ISIN CA6665271061/ WKN A0F6DK) ist eine der Top-Empfehlungen der Experten von "Hot Stocks Europe".

Letzten Mittwoch hätten die Analysten von Pareto Securities das erwartete Update zu Northland Resources publiziert und darin die spannenden Aussichten nicht nur bestätigt, sondern noch optimistischer dargestellt. So sei das Kursziel für den Titel von 50 auf 75 Norwegische Kronen erhöht worden.

Experten gingen davon aus, dass sich der Preis für Eisenerz im kommenden Jahr um weitere 20 bis 30% verteuern werde. In den kommenden Monaten stünden weitere News an. Gemäß Pareto würden weitere Analystenhäuser im Herbst und Winter das Coverage aufnehmen. Des Weiteren stünden weitere Bohrergebnisse für die verschiedenen Projekte sowie eventuell auch eine Scoping Studie für Stora Sahavaara an.

Die Aktie von Northland Resources bleibt für die Experten von "Hot Stocks Europe" eine der Top-Empfehlungen im Rohstoff-Sektor. (Ausgabe 18 vom 24.09.2007) (25.09.2007/ac/a/a)
Analyse-Datum: 25.09.2007


Quelle: Finanzen.net / Aktiencheck.de AG

[Blackman16]

Falls noch jemand nicht von dieser Story überzeugt ist:

http://www.kereport.com/videos/Northland.shtml

[CaptainBizeps]

Tja irgendwie scheinen die Norweger doch eher die Hosen voll zu haben.
Gestern und Heute total laue Vorstellung, wenigstens nicht so fett das Volumen also brauch man auf die Schwäche auch nix zu geben.

[Peekoo]

Antwort auf Beitrag Nr.: 31.743.526 von CaptainBizeps am 25.09.07 23:41:22

Hallo Community,
leider findet man hier wenig Einschätzungen zu unserem Liebling.
Was meint ihr ? Wo kommen die verkauften Stücke her ? Es ist immer viel Angebot in Oslo. Immer mehr als Nachfrage. Wer ist bereit sich bei Kursen unterhalb der pp zu verabschieden. Einige Kleinaktionäre, die auf 300 oder sogar 400 % Gewinn sitzen und Kasse machen. OK, verständlich nach so einer Performance innerhalb eines Jahres. Trotzdem wundert mich diese Abgabe bei den guten Aussichten. Was meint ihr ?

[Peekoo]

Antwort auf Beitrag Nr.: 31.819.761 von Peekoo am 02.10.07 16:55:26

Nehmt den heutigen Tag als Beispiel:
Gute Unternehmensnachrichten ! Kurs startet bei 25,50. PP war 26,50 Kronen, also sind wir fast auf diesem Niveau. Sofort ist zwar Nachfrage da, aber auch ein grosses Aktienangebot.
Bis 17 Uhr werden 1,3 M Aktien verkauft.
Daten 17 Uhr:
Angebot von 428.000 Aktien zu 24 - 25 Kronen dem
steht ein Angebot gegenüber:
158.000 Aktien werden gesucht zu Kursen von 24 - 23 Kronen.

Und so ist es seit Tagen, egal bei welchem Kurs, es gibt immer ein sehr hohes Angebot ohne das der Preis sinkt, aber er steigt seit Wochen auch kaum.

[Peekoo]

Mensch ist das langweilig !
Seit ihr schon alle raus gegangen ?

Wer ist denn noch investiert ?
In Deutschland sind die Umsätze ja sehr klein geworden.

[CaptainBizeps]

Ja

Nee

Ich

Stimmt

[berhem]

Antwort auf Beitrag Nr.: 31.851.348 von Peekoo am 05.10.07 09:56:40

ich bin auch noch drin, habe sogar aufgestockt

[Peekoo]

Antwort auf Beitrag Nr.: 31.863.361 von berhem am 05.10.07 23:35:07

Vielen Dank für die Antworten. Anscheinend ist der aktive Kreis dieses Chats sehr übersichtlich.
Im Moment geht es ja genauso weiter wie die letzten Wochen. Ist eben keine Risiko-Akie mehr, sondern mehr und mehr eine sehr solide Basis Aktie. Dadurch werden die Schwankungen natürlich in beide Richtungen geringer. Ich bleibe drin. Ist immer noch besser als jede andere Aktie die ich habe.

[e_type1]

Northland Resources Inc.

TSX VENTURE: NAU
FRANKFURT: NBS
OSLO STOCK EXCHANGE: NAUR
Oct 23, 2007 09:15 ET
Northland Resources Spins-Out Its Non-Ferrous Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2007) - The Board of Northland Resources Inc. ("Northland") (TSX VENTURE:NAU)(FRANKFURT:NBS)(OSLO:NAUR) is pleased to announce that it will spin-out Northland's non-ferrous projects in Sweden and Finland to a newly formed Swedish company named AEsir Mining AB ("AEsir"). Pareto Securities ASA has been appointed as Northland's advisors with respect to this transaction.

Northland's wholly-owned Swedish subsidiary, Barsele Guld AB, will transfer 100% ownership in its subsidiary Gunnarn Mining AB ("Gunnarn") via the sale of shares to AEsir. Gunnarn holds the titles and concessions covering the Barsele (Au), Norra (Au, Ag, Cu, Pb), Skarven (Au, Ag, Zn, Pb) and Nasvattnet (Cu, Pb, Zn, Ag) projects in Sweden; along with an option on the Kapsa (Au) project in Finland. The sale of shares in Gunnarn to AEsir is in consideration for approximately 26 million shares in AEsir with a deemed value of US$1.50 per share (total value US$39 million) and a cash payment of US$15 million. Barsele Guld will also retain a 2% Net Smelter Royalty ("NSR") on all of the projects.

In order to make the cash payment to Barsele Guld and further develop its properties, AEsir will raise up to US$45 million in new equity in a private placement to Norwegian and international institutional investors. AEsir will also use the funds to conduct an aggressive development program at the Barsele Gold Project, exploration drilling at the Norra Cu-Pb-Au-Ag Project and exploration work at a number of promising early-stage projects in Sweden and Finland.

AEsir will be registered on the Norwegian Over-The-Counter market (NOTC) shortly after the private placement has been concluded. A listing on the Oslo Axess is planned for the first half of 2008.

Northland is also pleased to announce that Mr. Kjell Larsson has accepted the position of CEO and President of AEsir. Mr. Larsson has over 24 years of exploration, operations and executive management experience, including the development and operation of precious and base metals properties in Sweden, Canada and South America. Mr. Larsson received his Master of Science in Mining Engineering from Lulea University in Sweden. He began his career as a mining engineer with LKAB and has worked at various mining operations in Sweden and Canada as well as being a board member for an Australian exploration company. He was most recently the Vice President of Mining for Lundin Mining Corp.

Mr. Vance Thornsberry will resign as Northland's VP Exploration to take on the position of VP Exploration of AEsir. Mr. Thornsberry is a graduate Geologist from the Missouri School of Mines at the University Missouri, Rolla. He has over 30 years experience in exploration, operations and management in North America, South America, Northern Europe and the Philippines. From 1970 to 1982 he worked for Inspiration Consolidated Copper Company in various management capacities. Since 1982, he has consulted primarily in gold exploration for numerous major and junior mining companies, including serving as VP of Exploration. Mr. Thornsberry has been involved in several late to feasibility-stage projects.

The Board of Directors of AEsir will consist of Simon Ridgway (Chairman), Buck Morrow, Eric Forssberg, Leif Engstrom and Deborah Craig.

Mr. Buck Morrow, the President of Northland, commented: "The Board of Northland believes that the sale of Barsele to AEsir, and the proposed listing of AEsir on the Oslo Axess, will allow Northland shareholders to monetize the investment to-date in non-ferrous projects and to participate in the future upside potential through the retained share ownership and 2% NSR. The creation of AEsir as a pure gold and base-metal company will allow Mr. Larsson and Mr. Thornsberry to focus their extensive experience on development of the Barsele and Norra project while fully exploring the rest of AEsir's project portfolio. In addition, Northland, with the sale of its non-ferrous assets, will have a more concentrated focus on unlocking the full value of Northland's ferrous projects."

Background on Barsele

In March 2006, Northland completed a NI 43-101 resource calculation for the Barsele gold project (see press release dated March 1, 2006). Using a 0.7g/t Au cut off the resources are:

- Indicated: 393,324 ounces of gold contained in 7,624,627 tonnes grading 1.60g/t Au

- Inferred: 437,041 ounces of gold contained in 9,206,020 tonnes @ 1.52g/t Au.

In June 2007, the Chief Mine Inspector of Sweden granted exploitation (mining) concessions for the extraction of gold and silver at Barsele, including the Avan, Central and Skirasen zones, and for the extraction of gold, silver, lead and zinc at Norra. Granting of the exploitation (mining) concessions, which are valid for 25 years, is subject to a standard consultation and appeals process with all interested stakeholders. Prior to commencing construction, the Company must complete, and receive approval for, a full environmental permit.

Background on Norra

The Norra prospect is interpreted as a Skelleftea VMS-type precious-metal rich, base metal sulphide deposit that has subsequently been modified by metamorphism and deformation. An exploration program including additional diamond drilling, alteration mapping and geological mapping is planned in order to further evaluate the extent of mineralization at Norra along strike and below the 100-150 m depth. The potential for discovery of a significant polymetallic sulphide deposit in the area is considered good.

Background on Kapsa

The Kapsa project is approximately 4km away from one of Europe's largest gold deposits, the Suurikuusikko deposit, which is being developed by Agnico Eagle and is reported to contain between 2.5 to 3.5 million ounces of gold in resources. The Kapsa area is under-explored, but the regional geophysical maps indicate at least one major shear zone with a similar geophysical signature to that which hosts the Suurikuusikko gold deposit to the east. The limited historical data indicate elevated Au, Ag, Cu, and Zn values occur within the claim reservation area.

Qualified Person

Vance V. Thornsberry, PGeo, Vice-President of Exploration of Northland, is the Qualified Person as defined in National Instrument 43-101 responsible for overseeing the design and execution of the Barsele and Norra exploration programs, and has verified that the information presented in this release is an accurate summary of the NI 43-101 Resource Report of March 2006 for the Barsele and Norra project as provided to Northland by Chlumsky, Armbrust & Meyer of Lakewood, Colorado USA.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

[CaptainBizeps]

Haben die Norweger davon überhaupt was mit bekommen?
Kurs ist heute doch wie üblich mit dem Markt geschwommen.

[CaptainBizeps]

Total tote Hose heute, schlafen die in Oslo alle???
Sieht aus als wolle keiner mehr kaufen, so komisch sah das Orderbuch noch nie aus, auch das Volumen ist total schwach.

[CaptainBizeps]

Schon komisch, trotz des schlechten Marktes läuft Northland hoch.

[Blackman16]

Hallo!!

Lebt Ihr noch???

Weiß einer warum Northland trotz der guten Meldungen in der Vergangenheit so stark verliert??

[CaptainBizeps]

Klar aber ich bin damit beschäftig in die Tischplatte zu beißen

Heute sind Genehmigungen rein gekommen und als Dank dafür testen wir fast die 18 an, da hilft doch echt nur Weserübung und dat alles selber machen.

Selbst wenn nicht mehr soviel Stahl gefertig wird Aufgrund einer abkühlenden Weltwirtschaft dann kann das Northland doch egal sein, die einzigen die da wirklich Probleme haben sind die Lieferanten aus Übersee, bei den Ölpreisen ist der Tranposrt wohl alles andere als billig und Europa importiert verdammt viel.
Ein weiterer Produzent hier in Europa kann da bestimmt ein guten Schnitt machen.

[CaptainBizeps]

Plus 30 Prozent erwartet

Wie wichtig die Erz-Thematik für die Stahlindustrie ist, zeigen die laufenden Verhandlungen um Erztarife für das kommende Jahr. Seit 2002 haben sich die Preise für Eisenerz verdreifacht. Auch im nächsten Jahr soll es deutliche Preiserhöhungen geben. Die Nachfrage nach dem Rohstoff boomt nach wie vor. Experten gehen für 2008 von einer Steigerung des Erz-Preises zwischen 30 und 50 Prozent aus. Erhöhungen, die Stahlproduzenten an ihre Abnehmer weitergeben wollen. Bereits Dienstag kündigte der weltweit größte Stahlkonzern Arcelor Mittal an, seine Preise mit kommenden Jahr um acht Prozent anzuheben. Eine Erhöhung, die üblicherweise als Benchmark für den Rest der Industrie gilt.

("Die Presse", Print-Ausgabe, 21.11.2007)

Ganzer Artikel unter:
http://www.diepresse.com/home/wirtschaft/economist/344634/in…

[tommy-hl]

Antwort auf Beitrag Nr.: 32.482.753 von Blackman16 am 19.11.07 17:17:48

Insider kaufen weiter Aktien:

Simon Ridgway has acquired 100,000 shares of
Northland at $0.30 per share pursuant to an option
exercise. After this transaction, Simon Ridgway
and his wholly-owned company, Mill Street Services
Ltd., hold 1,829,600 shares and 1,415,000 options
in Northland (05.12.2007.

Gründe, warum Northland´s Kurs so runter gekommen ist, sind m. E.:
1. Aktienfonds, Banken + Versicherungen müssen dringend Liquidität schaffen (Bankenkrise) und verkaufen so zwangsweise auch gute Werte.
2. Exploreraktien sind weltweit mit ihren Kursen runter gekommen, Northland macht da keine Ausnahme
3. Befürchtungen über eine Weltwirtschaftskrise und damit ein Rückgang der Nachfrage von Rohstoffen, wie z. B. Eisenerz

M. E. ist das alles gesteuerte Panikmache, sprich Psychologie, um wieder günstig an Aktien heran zu kommen.

Insider, wie Simon Ridgway lassen sich davon nicht beirren und kaufen weitere Aktien, wenn auch günstig aus dem Optionsprogramm, zu. Insider haben meist ein gutes Gespür für Entwicklungen und für die Aussichten des eigenen Unternehmens.

Northland ist m. E. momentan total unterbewertet und Käufe auf jetzigem Niveau sollten sich mit späteren expliziten Gewinnen auszahlen.

strong buy -
tommy

[tommy-hl]

Antwort auf Beitrag Nr.: 32.482.753 von Blackman16 am 19.11.07 17:17:48

Insider kaufen weiter Aktien:

Simon Ridgway has acquired 100,000 shares of
Northland at $0.30 per share pursuant to an option
exercise. After this transaction, Simon Ridgway
and his wholly-owned company, Mill Street Services
Ltd., hold 1,829,600 shares and 1,415,000 options
in Northland (05.12.2007.

Gründe, warum Northland´s Kurs so runter gekommen ist, sind m. E.:
1. Aktienfonds, Banken + Versicherungen müssen dringend Liquidität schaffen (Bankenkrise) und verkaufen so zwangsweise auch gute Werte.
2. Exploreraktien sind weltweit mit ihren Kursen runter gekommen, Northland macht da keine Ausnahme
3. Befürchtungen über eine Weltwirtschaftskrise und damit ein Rückgang der Nachfrage von Rohstoffen, wie z. B. Eisenerz

M. E. ist das alles gesteuerte Panikmache, sprich Psychologie, um wieder günstig an Aktien heran zu kommen.

Insider, wie Simon Ridgway lassen sich davon nicht beirren und kaufen weitere Aktien, wenn auch günstig aus dem Optionsprogramm, zu. Insider haben meist ein gutes Gespür für Entwicklungen und für die Aussichten des eigenen Unternehmens.

Northland ist m. E. momentan total unterbewertet und Käufe auf jetzigem Niveau sollten sich mit späteren expliziten Gewinnen auszahlen.

strong buy -
tommy

[berhem]

Antwort auf Beitrag Nr.: 32.669.048 von tommy-hl am 05.12.07 10:14:34

ich bin immernoch drin...

stocke die tage auf...egal zu welchem kurs...

[tommy-hl]

Wurde heute veröffentlicht:

Vancouver, December 12, 2007: Northland Resources
Inc. is pleased to announce that it has reached an
agreement with Anglo American Exploration BV to buy
Anglo`s 2.5% royalty interest and back-in rights on
two permits in northern Sweden which host the Stora
Sahavaara and Tapuli projects, and a number of
other iron oxide, copper, gold (IOCG) targets.

Northland will pay Anglo US $3.65-million for
Anglo`s royalty and back-in rights in the two
exploration permits, together known as the Pajala
properties - which cover approximately 18,000
hectares of ground.

Northland signed an option agreement on the permits
with Anglo in December 2004 and completed and
exercised its option to acquire 100% ownership of
the permits in January of 2007. Northland is
currently advancing the Stora Sahavaara and Tapuli
magnetite projects towards feasibility study.

Buck Morrow, the President of Northland, said: `The
buyout of Anglo`s royalty and back-in rights is
something we`ve been thinking about for a while and
we`re very happy to have completed successful
negotiations with Anglo. Tapuli and Stora Sahavaara
are important projects for Northland which we now
own 100% free of any royalties or back-in rights.
Anglo has been a good partner to Northland and I`d
like to thank its exploration management for their
important contribution to our work in northern
Sweden.`

Background

Northland Resources Inc. is a well-structured, debt
free junior exploration company with a portfolio of
high quality iron, gold, and base metal exploration
projects in Sweden and Finland.


ON BEHALF OF THE BOARD

`Ralph Rushton`
NORTHLAND RESOURCES INC.


Damit gehören die Explorationsprojekte Tapuli and Stora Sahavaara
zu 100% Northland Resources und die künftigen Fördergewinne werden nicht durch Lizenzgebühren beeinflusst.

klingt für mich gut ...

[CaptainBizeps]

Ist auch gut.

Sollte man sich kalr machen das im Sommer nur für Stora Sahavaara ne Resourcenschätzung vorlag von der man ja einiges hätte abgeben müssen wenn Anglo sich das Projekt gegriffen hätte.

Dann kam ne Schätzung für Hannukainen was 100% Northland gehört.

Und nun das ausbooten von Anglo aus Stora Sahavaara & Tapuli.

So und nun schaut mal auf den Kurs im Sommer und wo wir jetzt stehen, da kann man ein Kursziel von 75NOK verstehen.

[tommy-hl]

Antwort auf Beitrag Nr.: 32.737.901 von CaptainBizeps am 12.12.07 13:14:46

Weißt Du wann die erste Förderung beginnen soll?

War das schon für 2009 geplant oder erst für 2010?

Danke für Infos

[CaptainBizeps]

2010 soweit ich weiß.

[CaptainBizeps]

Schon gesehen?
Schlußkurs in Oslo 17,80NOK
Das macht im Moment 2,22678€

Kann ich ehrlich gesagt nicht ganz verstehen bei den News:
NORTHLAND RESOURCES: EXPIRY OF TRADING RESTRICTIONS ON SHARES
http://www.newsweb.no/index.jsp?messageId=165857

Wenn solche Beschränkungen aufgehoben werden dann würde ich eher mit steigendem Angebot rechnen und dadurch sinkende Kurse.
Stattdessen heute 6,59% gemacht.
Na wollen wir mal hoffen das es Montag weiter geht, wird ja auch Zeit.

[e_type1]

Antwort auf Beitrag Nr.: 32.767.407 von CaptainBizeps am 14.12.07 16:47:01

wieso?

Northland Resources' restricted shares to trade Dec. 17

2007-12-14 09:32 ET - News Release

Mr. Buck Morrow reports

NORTHLAND RESOURCES INC.: EXPIRY OF TRADING RESTRICTIONS ON SHARES

The trading restrictions previously imposed pursuant to Canadian securities laws with respect to trades in Canada of the 22,792,500 Northland Resources Inc. shares issued in the private placement on July 12, 2007 (as reported in Stockwatch on July 13, 2007), and the 39,072 shares issued in the subsequent offering on Aug. 13, 2007, expire on Dec. 14, 2007. The restricted shares may be traded free of the restrictions on Oslo Bors and are freely tradable in Canada on Dec. 17, 2007.

The restricted shares of Northland currently trade on Oslo Bors under the ticker symbol NAUR.R and are registered with the international security identification No. (ISIN) CA 666 527 3042. As of Dec. 17, 2007, these shares will be combined with the unrestricted shares listed on Oslo Bors, so that all Northland shares listed on Oslo Bors will trade under the ticker symbol NAUR and be registered with the ISIN CA 666 527 1061.

[CaptainBizeps]

Antwort auf Beitrag Nr.: 32.767.473 von e_type1 am 14.12.07 16:50:22

ja nu den Link hab ich ja auch eingestellt aber wie gesagt sowas sollte doch dazu führen das mehr Aktien auf den Markt geworfen werden und das sowas zum anziehen des Kurses führt ist mir schleierhaft.

[tommy-hl]

Eisen + Nickel Favoriten 2008

Im „Rohstoffspiegel“ wurden die Metalle und ihre Entwicklung für 2008 kurz beleuchtet. Eisen + Nickel gehören danach zu den aussichtsreichsten Industriemetallen. Gut für Explorer wie >Northland Resources< oder >Intex Resources – ex Crew Minerals<!

Hier ein kurzer Auszug aus dem „Rohstoffspiegel“:

Eisen – Favorit für 2008

Das größte Preispotenzial bei den Industriemetallen dürfte im kommenden Jahr aber das Eisen haben.
Grund dafür ist die starke Stahlproduktion.

Nach einem Wachstum des weltweiten Stahlverbrauchs 2007 um 6,8 % auf knapp 1,2 Mrd. Tonnen wird auch für 2008 mit einem Zuwachs in ähnlicher Größenordnung gerechnet.
Allgemein geht man davon aus, dass sich die Preise für Eisenerz in den kommenden zwölf Monaten um 30 bis 50 % nach oben entwickeln werden. Dementsprechend gehören Eisenerzaktien zu den Toppfavoriten im neuen Jahr.

.
Heiße Nickel-Spekulation

Neben Eisen kommt bei der Stahlproduktion vor allem Nickel zum Einsatz. Rund zwei Drittel der globalen Nickelproduktion werden für die Herstellung von Edelstahl und rostfreiem Stahl verwendet.

Dabei halten sich Angebot und Nachfrage weitestgehend im Gleichgewicht. Nach Angaben des World
Bureau of Metal Statistics (WBMS) lag im September die Produktion der Nickelschmelzen bei 115.000 Tonnen, während sich der Nickelkonsum auf 107.600 Tonnen belief.

Und trotz neuer Rekorde bei der Produktion 2007 dürfte sich diese auf 1,5 Millionen Tonnen belaufen, wird sich nach Einschätzung des WBMS an der angespannten Marktsituation bei Nickel kaum etwas
ändern.

Zusammenfassung

Im kommenden Jahr wird es aller Voraussicht nach zu einer Fortsetzung der Hausse bei den Industriemetallen kommen. Voraussetzung dafür ist aber, dass die Auswirkungen der Immobilienkrise überschaubar bleiben. Nach einem kräftigen Preisrutsch beim Blei kann hier auf eine Erholung
in 2008 spekuliert werden.

Unter fundamentalen Gesichtspunkten sind vor allem Eisenerz und Nickel interessant. Diese Metalle sind Bestandteile von Stahl. Und die Stahlproduktion soll, da sind sich die meisten Beobachter
einig, weiter kräftig anziehen.

Autor: Olaf Hordenbach - DER AKTIONÄR.

[tommy-hl]

Ein weiterer Aktienfond erhöht seinen Anteil!

Cheyne Capital Management (UK) LLP (`Cheyne`)
purchased 97,800 shares in Northland Resources Inc.
on the 19th December 2007.
After settlement of the shares Cheyne will hold
8,224,943 shares (10,02%) in the company

[CaptainBizeps]

...
Wie sehr der Rohstoffhandel von der steigenden Nachfrage aus China getrieben wird, zeigte sich zum Jahresende auf dem Spot-Markt für Eisenerz. Die Preise schossen dort auf beispiellose 180 bis 190 Dollar die Tonne - mehr als dreimal so viel, wie Vertragskunden derzeit bezahlen. Schon jetzt gruselt es der Stahlindustrie vor der Preisverhandlungsrunde 2008 - mit einem Aufschlag von 30 Prozent wie noch vor Wochen erwartet wird es wohl nicht getan sein. Analysten halten eher 50 Prozent für realistisch.
...

Aus:
http://www.wiwo.de/pswiwo/fn/ww2/sfn/buildww/id/126/id/33622…

[tommy-hl]

Northland Resources auf dem Weg zum größten europäischen Produzenten für Eisenerz …

Mit seinen rohstoffreichen Liegenschaften in Finnland und Schweden befindet sich Northland Resources in den Minenfreundlichsten und politisch stabilsten Ländern der Welt.

Ein erstklassiges Management von erfahrenen Profis wird dieses Unternehmen zum der größten Rohstoff-Produzenten Europas führen.

Mit einer Cash-Position 140 Mio. C$ kann Northland Resources die notwendigen Arbeiten (test drillings etc.) aus eigenen Mitteln voran bringen.

Infrastruktur ist bei allen Projekten bis max. 20 km Entfernung vorhanden (railways).

Aktienanzahl ca. 120 Mio.
Marktkapitalisierung ca. 240 Mio. EUR (Aktienkurs 2,- €)


Die Projekte:

a) Stora Sahavaara (Schweden) mit 120 Mio. t Eisenerz (measured + indicated)
Wert bei $ 100/t = $ 12 Mrd. plus zusätzlicher Kupferressourcen

b) Hannukainen (Finnland) mit 85 Mio. t Eisenerz (measured + indicated)
Wert bei $ 100/t = $ 8,5 Mrd. plus zusätzlicher Kupferressourcen

c) Tapuli (Schweden) als Ergänzung zu Stora Sahavaara.
Die Bohrungen sind in Kürze abgeschlossen und ich erwarte die Resultate in den nächsten Wochen.
Historische Werte deuten Vorkommen an Eisenerz in Tapuli in der Größenordnung von 100 Mio. t Eisenerz an.

Gesamtwert obiger Ressourcen: $ 20,5 Mrd. (a+b) - $ 30,5 Mrd. (a-c) (ohne Kupfer!)

Die Produktion soll für Stora Sahavaara Ende 2009 anlaufen mit voller Förderkapazität ab 2010 von 5 Mio. t Eisenerz und 5.000 t Kupfer.

Das Projekt Hannukainen wird erst in 2011 seine voller Förderkapazität von 5 Mio. t Eisenerz und 12.000 t Kupfer erreichen.

Für Tapuli wurde noch kein Zeitrahmen veröffentlicht, da hier in Kürze die Bohrergebnisse erwartet werden.

Umsatz/Gewinnprognose:
(Kalkulatorisch angewandter Preis für Eisenerz 100 $/t und Kupfer 5.000 $/t)

Stora Sahavaara
Jahr . Eisenerz … Kupfer ……… Gesamt
2010: $ 500 Mio. $..25 Mio. $ .... 525 Mio.
2011: $ 500 Mio. $..25 Mio. $ .... 525 Mio.

Hannukainen
Jahr . Eisenerz … Kupfer ……… Gesamt
2011: $ 500 Mio. $..60 Mio. ... $ 560 Mio.

Gesamt Stora Sahavaara+ Hannukainen
Jahr . Eisenerz … Kupfer ……… Gesamt
2010: $ 500 Mio. $..25 Mio. ... $ . 525 Mio.
2011: $ 1.000 Mio. $..85 Mio. .. $ 1.085 Mio.

Geschätztes Ergebnis 2010 …… 2011
Gesamtumsatz USD 525 Mio. ..1.085 Mio.
Produktionskosten … 220 Mio. .. 455 Mio.
Finanzierungskosten .. 50 Mio. .. 100 Mio.
= Bruttogewinn ……. 255 Mio. .... 530 Mio.
minus Steuer ……….. 75 Mio. ... 160 Mio.
= Nettogewinn ………180 Mio. … 370 Mio.
= Gewinn pro Aktie: 1,50 $ …… 3,- $
= Gewinn pro Aktie: 1,- € ………2,- €
= KGV (Kurs 2,- €): …. KGV 2 … KGV 1

Nicht berücksichtigt wurde das Tapuli-Projekt, dessen Bohrergebnisse den Marktwert von Northland Resources noch steigern wird. Die hier angewandten Rohstoffpreise liegen deutlich unter den derzeitigen Preisen. Für Eisenerz wird beispielsweise eine Preissteigerung für 2008 von 30% erwartet, was hier nicht berücksichtigt wurde, um einen konservativen Ansatz zu haben.

Northland Resources wird m. W. zurzeit von keinem Börsenbrief in DE gecovert. Die Aktie ist in DE so gut wie unbekannt und dürfte deutliches Aufwärtspotenzial haben, sobald Investmenthäuser und BB diese Aktie entdecken und ihre Studien veröffentlichen. Börsenplatz Frankfurt.

Kurspotenzial: 10-bagger auf Sicht von 3-5 Jahre
Mein rating: KAUFEN

(Hiermit meine ich, zu aktuellen Kursen eine erste Position aufbauen, aber noch „Pulver trocken halten“ für den Fall, dass der Kurs noch etwas nachgeben sollte)

O. g. Angaben und Prognosen wurden auf Basis der mir vorliegenden Informationen vorgenommen und erheben nicht den Anspruch auf Vollständigkeit/Richtigkeit.

… do your own reseach …

tommy

[gbra]

Antwort auf Beitrag Nr.: 32.964.317 von tommy-hl am 07.01.08 10:33:31

hört sich alles sehr gut an.

besonders die unternehmenspräsentation auf der website fand ich sehr ansprechend.
gibt es einen grund für den starken kursverlust in den letzten monaten oder ist dieser nur der schlechten gesamtmarktlage geschuldet?
gibt es schon einen finanzierungsplan für Stora Sahavaara?

versuche in ffm eine kleine anfangsposition zu ergattern, aber die umsätze sehen eher mau aus.

[tommy-hl]

Eisenerz auch 2008 weiter auf dem Vormarsch
04.01.2008 || RAINER HAHN (EMFIS)RTE - (www.rohstoffe-go.de) -

Der Eisenerzmarkt weist aktuell, vor allem auf Grund weiterhin rasant steigender Eisenerzimporte in China ein Angebotsdefizit aus.

So steigerte allein China seine Eisenimporte in den beiden ersten Monaten 2007 im Vergleich zum Vorjahr um 26%. Eine Studie der Credit Suisse geht für 2007 von einer Erhöhung der chinesischen Stahlproduktion in einer Range von 13% bis 17% aus.

Nimmt man eine jährliche Steigerung der chinesischen Stahlproduktion von lediglich 10% bis 2010 an, so ergibt sich daraus ein Mehrbedarf von 260 bis 270 Millionen Tonnen in 2010, welcher mit heutigen Kapazitäten nicht befriedigt werden kann.

Diese Mehrkapazitäten dürften alleine von den großen Drei der Branche, der brasilianischen CVRD, BHP Billiton und Rio Tinto - welche für 2010 eine Erhöhung ihrer Kapazitäten in Höhe von lediglich 190 Millionen Tonnen angekündigt haben - nicht zu stemmen sein, es müssen also neue Förderunternehmen mit weiteren Kapazitäten an den Markt kommen.

Dabei wurden von neuen, kleineren Unternehmen bereits für 2007 neue Kapazitäten in Aussicht gestellt. Wie die Erfahrung aber gezeigt hat, kommt es gerade bei Newcomer-Firmen regelmäßig zu monatelangen Verzögerungen bei der Inbetriebnahme neuer Minen oder zu massiven technischen Schwierigkeiten, Wassereinbrüchen etc., die in der Anlaufphase zu Produktions- und damit auch zu Kapazitätsausfällen und somit zu einer Verschärfung der angespannten Lage an den Eisenerzbörsen führen.

Dies wird nicht spurlos an den Eisenpreisen vorbei gehen. Auf der EU Iron Ore Insights Conference im Oktober 2007 in Berlin, einer Fachmesse der größten Eisenerzförderer, wurden Preissteigerungen von 30 bis 35% für 2008 genannt. Der Eisenerzmarkt bildet dabei im Vergleich zu anderen Rohstoffmärkten einen Spezialfall, da 75% allen geförderten Eisenerzes von den benannten großen Drei stammt und die Preisentwicklung im Allgemeinen in Verhandlungen dieser drei Majors mit den Hauptabnehmern festgesetzt wird.

Ein sehr wahrscheinliches, daraus resultierendes Szenario geht davon aus, dass China auf Grund eines zu erwartenden Angebotsdefizits, eigene Lagerstätten zu weitaus höheren Kosten anzapfen muss, was sich weiterhin steigernd auf den Preis für Eisen auswirken dürfte.

Credit Suisse geht davon aus, dass neue Projekte eine Minimum IRR von 15% aufweisen müssten. Dem läge eine durchschnittliche Capex - Rate von 80$ je Tonne bei Cash-Kosten von 15$ je Tonne zu Grunde. Zum Vergleich: Mittal beabsichtigt sein senegalesisches Faleme - Projekt mit einer Capex von 2,2 Milliarden $ auf eine jährliche Kapazität von 20 Millionen Tonnen auszubauen. Dies entspräche 110 $ je Tonne.

Vor 2012 wird derweil nicht mit einer Entspannung der beschriebenen Situation gerechnet.

Im Allgemeinen dürfte man auf Grund rückgängiger Förderraten in Indien, anhaltend schlechter Aussichten im Bereich der Klima-Entwicklung (und damit zunehmend störender Einflüsse des Wetters auf die Förderung, so zum Beispiel eine zu beobachtende Intensivierung der Zyklonen-Saisons in Australien) und damit verbunden, weiteren Verschiebungen von Produktionsstarts, mit einer erneuten Aufwärtsspirale der Eisenpreise rechnen.

tommy

[tommy-hl]

Antwort auf Beitrag Nr.: 32.965.613 von gbra am 07.01.08 12:40:04

gibt es einen grund für den starken kursverlust in den letzten monaten oder ist dieser nur der schlechten gesamtmarktlage geschuldet?

Das Management von Northland kümmert sich vorwiegend darum, die Projekte voran zu treiben, um einen möglichst raschen Produktionsstart zu realisieren. Auch wurde schon ein Marketing Manager eingestellt, der die Kontakte zu Stahlproduzenten herstellt, um Vorverträge für erste Lieferungen zu ermöglichen.
Unter all dieser Arbeit leidet die PR etwas, was aber durch road shows nachgeholt werden soll.

Außerdem wurde Northland in "Sippenhaft" mit dem Gesamtmarkt für Explorer genommen.

gibt es schon einen finanzierungsplan für Stora Sahavaara?

Über das Investmenthaus Pareto Securities laufen Kontakte und Gespräche mit potenziellen Finanzhäusern. Hinter der Hand hörte ich, dass 1. Adressen der Finanzwelt ihr Interesse bekundet haben. An einer bankfähigen Machbarkeitsstudie wird zurzeit gearbeitet. Einen Termin dafür gibt es noch nicht.

tommy

[gbra]

Antwort auf Beitrag Nr.: 32.966.032 von tommy-hl am 07.01.08 13:27:50

danke,

allerdings scheint niemand mir seine aktien zu dem pari-kurs verkaufen zu wollen.

wird schon noch werden..

[CaptainBizeps]

...
Experten von Merrill Lynch oder Morgan Stanley sagen für 2008 einen Erzpreisanstieg von 50 Prozent voraus. Boomende Schwellenländer wie China und Indien würden trotz Kreditkrise weiter mit Hochdruck produzieren und den Nachfrageausfall aus den reiferen Volkswirtschaften mehr als wettmachen, argumentieren die Optimisten.
...

Aus
http://www.ftd.de/unternehmen/industrie/:Strategiecheck%20Dr…

[tommy-hl]

Auch für 2008 wird wieder ein steigender Stahlverbrauch vom „International Iron and Steel Institute“ voraus gesagt, was die steigenden Preise begründet. Gut für Northland Resources, die ab Ende 2009 auf dankbare Abnehmer für ihren hochqualitativen Schweden-Stahl treffen.

tommy

IISI Short Range Outlook for steel demand

Berlin – The International Iron and Steel Institute (IISI) forecasts 2007 will be another strong year for the steel industry with apparent steel use rising from 1,120.9 mmt in 2006 to 1,197.6 mmt in 2007, an increase of 6.8%. Latest projections for 2008 suggest a similar global growth rate to this year at 6.8%. These figures represent an upward percentage point revision of 0.9 for 2007 and 0.7 for 2008 over the March forecast.

The BRIC (Brazil, Russia, India and China) countries, which accounted for about 41% of global steel demand in 2006, will again be leading the growth with an expected increase of 12.8% for 2007 and 11.1% for 2008. Overall, 77% of world growth in 2007 and 71% in 2008 will take place in BRIC.

China apparent steel use is expected to grow by 11.4% in 2007 and 11.5% in 2008, accounting for 35% of the world total. For India, forecasts for apparent steel use point to an increase of 13.7% in 2007 and 11.8% in 2008.
Very positive developments are forecast for the Russian market, where growth of 25% for 2007 and 9.5% for 2008 are led mainly by the energy and construction sectors. Apparent steel use in Brazil is expected to increase by 15.7% for 2007 and 5.1% for 2008, with strong fixed capital formation partly driven by public investment programmes.

In the EU (27), the growth in steel demand supported by healthy developments in Germany is mitigated by adjustments in the inventory positions, leading to a growth of 4% in 2007 and 1.4% in 2008.
For 2007, steel demand in the NAFTA region appears less robust than previously anticipated, particularly in the residential construction sector. A negative contribution to growth also derives from inventory reductions. In 2008, improved prospects for the overall market conditions lead to positive forecasts of 4% growth.

The IISI Executive Committee reviewed the forecasts at its meeting in Berlin and commenting John Surma Chairman IISI said “Although global economic risks have increased, the IISI forecast assumes that the recent credit market volatility will not move the US economy into recession. We are pleased to note that North Africa, South Africa and the Middle East are emerging as strong growth regions as higher energy and raw material prices associated with growth in China, as well as other developing nations, increase income and boost investments in these regions."

Table 1: Short range outlook for apparent steel use (2006-2008) in tonnes:

2006: 1.120.000 t
2007: 1.195.000 t
2008: 1.280.000 t (forecast) which means an increase of abt. 7% compared to 2007 figure.

(http://www.worldsteel.org)

[tommy-hl]

Wer es noch nicht gemacht hat, dem empfehle ich, einmal die Unternehmens-Präsentation anzuschauen.

tommy

http://www.northlandresourcesinc.com/i/pdf/Presentation-Nov0…

[tommy-hl]

250 Mrd. US-$ Investition in den Ausbau des indischen Schienennetzen

100.000 km neue Schienenstrecke … dafür wird eine Menge Stahl gebraucht … und für dieses Stahl benötigt man dringend Eisenerz, z. B. von Northland ...

tommy


Indian Railyways plans to tie up with Chinese counterpart

New Delhi , Jan. 8th
After tying up with several international railways for cooperation, the Indian Railways now proposes to enter into an agreement with the Chinese Railways.

The Chinese Railways is embarking on a massive railway expansion programme as well, with plans to invest at least two trillion yuan (US-$250 billion) railway expansion by 2020 and construct an additional 100,000 km of track during the time.

While there are several areas where the two railways can cooperate, the exact areas would be finalised later, said officials.

In the recent past, the Indian Railways has increasingly tied up with several international railways such as the French Railways (SNCF), the Russian Railways, the Austrian Railways, the German Railways (Deutsche Bahn), the South African Railways (Spoornet) and the Italian Railways, for possible cooperation in different areas.

After entering into broad agreements, officials of the Indian Railways and other foreign railways follow up with joint working groups on the agreement to finalise possible areas of cooperation.
For example, from the French Railways, the Indian Railways is trying to adopt software that simulates the effect of a fire in the coach.

[CaptainBizeps]

Erzähl das mal den Stahlwerten.
Bei dem was man da sieht können wir ja froh das Northlands Verluste nicht im 2stelligem Prozentbereich liegen.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.011.878 von CaptainBizeps am 10.01.08 20:07:55

Zwischen den Stahlkochern (ThyssenKrupp, Mittal, Salzgitter usw.) und den Eisenerz-Lieferanten gibt es eine völlig unterschiedliche Wettbewerbssituation.

In Indien und China werden die Kapazitäten ausgebaut und so kommt "billiger" Stahl auf den Markt, der den europäischen/amerikanischen Stahlkochern das Leben schwer macht.

Bei Eisenerz übersteigt aber die Nachfrage klar das Angebot mit der Folge steigender Eisenerz-Preise. Für dieses Jahr werden mind. 30% höhere Preise angesetzt.

Jeder künftig neue Eisenerz-Lieferant (wie Northland) füllt nur einen Teil der Lücke in der Unterversorgung. Eisenerz entwickelt sich still und heimlich zum Superstar unter den Rohstoffen. Da das Thema "Eisenerz" für die Pusher-Börsenbriefe langweilig ist, kann man hier in aller Ruhe mit erleben, wie ein (noch) Explorer sich zum größten Eisenerz-Produzenten Europas entwickelt.

Wer ein paar Jahre Zeit mitbringt, wird meiner Meinung nach mit Northland noch sehr viel Geld verdienen ... In der Ruhe liegt die Kraft ...

tommy

[danpirk]

Artikel aus dem Rohstoff-Spiegel:
Eisenerz-Explorer Cuervo sucht nach 1 Mrd. Tonnen Eisenerz!
http://www.rohstoff-welt.de/news/artikel.php?sid=4530#Scene_…

Hat zwar jetzt nicht direkt was mit Northland zu tun, indirekt aber mit den künftigen Vorkommen/Fördermengen. Wie schätzt Ihr denn den tatsächlichen Fund von 1 Milliarde (!) t Eisenerz ein?

Bei Northland geht es iS. um ca. 300 Mio. t lt. tommy-hl's Aufstellung in #3192.

Interessant aber vielleicht auch der Übernahmepreis aus dem Interview von bis zu 5 USD/t Eisenerz. Selbst bei 2 USD wäre das eine schöne 70-100% Chance, wenn es nur durch bestätigte Studien etc. zu einer Übernahme kommen sollte.

Alles in allem scheint das doch eine sehr interessante Geschichte zu sein. Danke auch an Tommy für seine Daten, die eine weitere Interpretation etwas einfacher machen.

[tommy-hl]

Rohstoff-Investment Konferenzen 2008

In 2008 finden eine Menge Rohstoff-Konferenzen statt, in denen sich auf der einen Seite die Rohstoff-Explorer, und auf der anderen Seite Investmenthäuser sowie Analysten aus der Finanzbranche und von Börsenbriefen treffen.

Viele Unternehmens-Präsentationen finden dort statt. Beispielsweise sind auf der Vancouver Resource Investment Conference am 20./21 Januar Explorer wie:

- Northland Resources (Eisenerz)
- Commerce Resources (Tantal, Niob und Seltenerdmetalle)
- Geodex Minerals (Wolfram, Molybdän, Indium, Zinn, Zink, Kupfer, Silber, Bismut, Gallium)
- Pan African Mining (Gold, Uran, Nickel, Kohle, Öl, Gas, Diamanten)
- Uranerz Energy (Uranoxyd)
usw.

Auf den anderen Veranstaltungen sind dann wieder andere Explorer zu finden.

Hier werden die Explorationsunternehmen über den Stand ihrer Aktivitäten und über die weitere Strategie berichten. Damit wird der Fokus von der momentanen „Subprime-Krise über alles“-Mentalität hin zu den Fakten und guten Aussichten der Unternehmen gelenkt.

Vermutlich wird es zu Neuanalysen und neuen Kaufempfehlungen kommen, was dann den derzeit am Boden liegenden Aktienkursen neuen Schwung verleiten dürfte. Ich vermute, dass wir nahe am Ende der Explorer-Baisse sind und im Laufe des Jahres 2008 wieder allgemein steigende Kurse erleben werden.

tommy


Rohstoff-Investment Konferenzen 2008

• Vancouver Resource Investment Conference - January 20/21, 2008
• Phoenix Resource Investment Conference - February 9/10, 2008
• Calgary Resource Investment Conference - April 12/13, 2008
• New York Hard Assets Investment Conference - May 12/13, 2008
• Vancouver World Gold, PGM & Diamond Investment Conference - June 15/16, 2008
• Las Vegas Hard Assets Investment Conference - September 9/10, 2008
• Toronto Resource Investment Conference - October 4/5, 2008
• Montreal Resource Investment Conference - October tba,
• San Francisco Hard Assets Investment Conference November 30/December 1, 2008

[SKGold]

Hallo Zusammen,

ich habe mal ein paar Fragen an die Northland Experten, da ich mich wahrscheinlich entscheiden werde mir ein paar Stücke ins Depot zu legen:

Der Kursverlauf liegt wohl an der Meldung vom 23.10.07.
Hier wurde ein Spin-out durchgeführt, bei der die Nicht-Erzprojekte in eine neue Firma ausgegliedert wurden und diese Mitte des Jahres 08 an die Börse gehen werden (Ase Mining).

Oder gibt es andere Gründe für den Kursverlauf?

Was mich bei dieser Aktie auch positiv stimmt ist der starke Handel in Norwegen.

Ist es korrekt das bereits an einer Machbarkeitsstudie bei Northland gearbeitet wird?
Der Produktionsbegin ist für 4. Quartal 2009 geplant?

So jetzt mal meine Fragen die mich beschäftigen und ich hoffe es kann sie mir einer beantworten:

1. Gibt es in Schweden und Finland irgendein Risiko bezüglich Genehmigungen bei Minen?
2. Gibt es bereits produzierende Minen in Norden Europas bzw. weitere Explorer die in diesem Gebiet tätig sind?
3. Was gibt es für Risiken bei Northland?
4. Nachgewiessene Resourcen sind aktuell 150 Mio t, sehe ich das richtig?
5. Natürlich ein weiterer wichtiger Punkt, die Börsenbewertung,
ist sie im Vergleich zu anderen Eisenerzexplorern angemessen zu den Resourcen was die nachgewiesen haben?
6. Was ist von den Bohrungen auf Tapuli zu erwarten?

Schöne Grüße
SKGold

[tommy-hl]

Antwort auf Beitrag Nr.: 33.033.987 von SKGold am 13.01.08 14:58:45

Hallo SKGold

So jetzt mal meine Fragen die mich beschäftigen und ich hoffe es kann sie mir einer beantworten:

1. Gibt es in Schweden und Finnland irgendein Risiko bezüglich Genehmigungen bei Minen?
Beide Länder gehören zu den Minenfreundlichsten Ländern der Welt. In den Regionen, in denen Northland tätig sein wird, gibt es eine hohe Arbeitslosenzahl und die lokalen Kommunen haben sich bereits positiv für die Projekte ausgesprochen.

2. Gibt es bereits produzierende Minen in Norden Europas bzw. weitere Explorer die in diesem Gebiet tätig sind?
Produzierende Minen gibt es, aber die Ressourcen werden immer geringer, so dass das Explorieren neuer Vorkommen hoch willkommen ist, um weitere Bodenschätze in Produktion bringen zu können. Zu anderen Explorern in diesen Gebieten kann ich zurzeit nichts sagen, würde aber annehmen, dass da noch den einen oder anderen gibt.

3. Was gibt es für Risiken bei Northland?
Die Risiken, die alle Explorer haben, wie z. B.: Genehmigung der Umweltbehörden, Finanzierung, die Möglichkeit, dass die Machbarkeitsstudie ergeben sollte, dass eine wirtschaftliche Förderung nicht möglich ist, usw.

4. Nachgewiesene Ressourcen sind aktuell 150 Mio t, sehe ich das richtig?

Es sind rund 300 Mio. t

Stora Sahavaara in Schweden
Ressourcen nach NI 43-101
Measured 77.1 Mio. t, Gehalt FeT 43.3%, by product copper 0.08%
Indicated 44.6 Mio. t, Gehalt 43.3%, copper 0.08%
Inferred 23.3 Mio. t, Gehalt 41.8%, copper 0.05%
Gesamt: 145 Mio. t Eisenerz
Produktionsstart geplant: Ende 2009 mit 5 Mio. t Eisenerz p. a.
Die Vorbereitung (Datensammlung usw.) für die Machbarkeitsstudie soll in Kürze abgeschlossen sein.

Hannukainen in Finnland
Ressourcen nach NI 43-101
Measured 53.1 Mio. t, Gehalt FeT 35.6%, copper 0.25% Gold 0.12%
Indicated 31.5 Mio. t, Gehalt FeT 32.9%, copper 0.11%, Gold 0.04%
Inferred 81.6 Mio. t, Gehalt FeT 35.7%, copper 0.13%, Gold 0.04%
Gesamt: 166 Mio. t Eisenerz
Produktionsstart geplant: in 2011 mit 5 Mio. t Eisenerz p. a.
Die Vorbereitung (Datensammlung usw.) für die Machbarkeitsstudie soll in Kürze abgeschlossen sein.

Tapuli in Schweden
Hierzu laufen die Testbohrungen zurzeit noch,
Die Ergebnisse werden in den nächsten Wochen erwartet
Historische Daten ergeben ein Potential von >100 Mt
Produktionsstart geplant: wird nach den Bohrergebnissen genannt, Ziel 3 Mio. t Eisenerz p. a.

Macht zusammen rund 400 Mio. t. Eisenerz (davon 300 Mio. nach NI 43-101)

5. Natürlich ein weiterer wichtiger Punkt, die Börsenbewertung,
ist sie im Vergleich zu anderen Eisenerzexplorern angemessen zu den Resourcen was die nachgewiesen haben?
sorry, do your own research

6. Was ist von den Bohrungen auf Tapuli zu erwarten?
Historische Daten ergeben ein Potential von >100 Mt

[SKGold]

Antwort auf Beitrag Nr.: 33.034.574 von tommy-hl am 13.01.08 17:49:39

Hallo tommy,

danke für deine schnelle und sachliche Antwort.
Ich sehe Northland als sehr große Chance. Vor allem finde ich das Gebiet Schweden/Finland sehr interessant.
Wichtig auch, dass die Verkehrwege keine Probleme darstellen.

Übrigens mein Punkt 5 konnte ich mir jetzt selber beantworten und bin zu dem Ergebnis gekommen das Northland unterbewertet ist.

Ich denke auch das man bald mit News rechnen kann, da ja auch einige Anlegermessen in Can sind.
Und da möchte man bestimmt nicht mit leeren Händen dastehen.

Gruß
SKGold

[SKGold]

Antwort auf Beitrag Nr.: 33.034.574 von tommy-hl am 13.01.08 17:49:39

Gibt es eigentlich noch andere Gründe für den Kursverlauf, als dieses spin out?
Oder lag ich da mit meiner Einschätzung richtig.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.034.884 von SKGold am 13.01.08 18:58:34

@ SKGold

Der Kursverlauf von Northland hat zwei Gründe:
1. Die allgemeine Baisse unter den Explorern. Schau Dir Charts von anderen Explorern an, lege sie übereinander und Du wirst bei rund 90% eine Übereinstimmung finden. Grund: Subprime Crisis und damit verbundenen Liquiditätsbeschaffung von in Not geratenen Banken, die ihre spekulativen Investments, wie z. B. Explorer-Aktien auflösen müssen.
2. Letzte Kapitalerhöhung bei Northland in Form von Ausgabe neuer Aktien. Damit wird der spätere Gewinn auf mehr Aktien verteilt, was bedeutet, dass der Gewinn pro Aktie niedriger ausfällt. In meiner Berechnung, die ich vor ein paar Tagen hier gepostet hatte, ist aber die höhere Aktienanzahl bereits berücksichtigt.

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


Die heißesten Trends in 2008
Aus Rohstoff-Spiegel vom 12.01.08

2008 dürfte an der Börse ein typisches Stock-Picking-Jahr werden.
Das heißt, Gewinne wird nur der Anleger einfahren, der auf ausgesuchte Einzelaktien aus bestimmten Boombranchen setzt. Dahingegen dürfte der allgemeine Markt, der DAX, der Dow Jones etc., seitwärts tendieren. Was sind nun die Boombranchen in 2008 und auf welche Papiere kann man hier vorzugsweise setzen?

Erste Boombranche: Eisenerz

Eisenerz kommt im Gegensatz zu vielen anderen Rohstoffen wie dem Gold und dem Öl recht unspektakulär daher. Die rötlich-braune Erde erinnert wohl eher an Dreck als an ein wertvolles „Material“.

Dabei ist es gerade das Eisenerz, das 2008 zu den aussichtsreichsten Rohstoffen gehören dürfte. Allgemein rechnet man mit Preisaufschlägen von bis zu 30 Prozent in den kommenden zwölf Monaten.

Hauptauslöser dürfte dabei in erster Linie die stark wachsende Nachfrage aus China sein. Im laufenden Jahr wird das Land rund 300 Millionen Tonnen Eisenerz importieren, so die Einschätzung
von Experten. Seit 2000 hätten sich die Einfuhren damit mehr als verdreifacht.

Und die Nachfrage soll weiter steigen. AME Mineral Economics, eine auf Rohstoffe spezialisierte Beratungsgesellschaft, geht davon aus, dass China im Jahr 2010 etwa 400 Millionen Tonnen Eisenerz importieren muss. Ansonsten würde die heimische Stahlproduktion zum Erliegen kommen.

[SKGold]

Antwort auf Beitrag Nr.: 33.034.934 von tommy-hl am 13.01.08 19:10:13

Punkt 1 ist klar.

Ich mach mal Schluss für Heute und sage danke für die Infos.

Gruß

[tommy-hl]

Bohrergebnisse Eisen-Kupfer-Projekt Salmivaara

Vancouver, January 14, 2008:

Northland Resources Inc. is pleased to announce encouraging drill results from 6 diamond core holes completed at the Company`s 100% owned Salmivaara iron-copper project, located approximately 33km northeast of the city of Gällivare in Nortbotten county, Sweden. All holes returned multiple intersections of magnetite, with downhole thickness of up to nearly 150m locally.

The near-surface Salmivaara magnetite body is within 1km of a sealed road and approximately 33km from a rail line that carries iron ore trains from Europe`s second largest iron ore mine, Malmberget, which is operated by the Swedish state-owned mining company LKAB.

Highlights of the new drill results, which support and build on results from 12 historic diamond core holes completed by the Swedish Geological Survey (SGU), include:

- Hole 07001 42.8% Fe + 0.12% Cu over 52.7m from 15.3m downhole
- Hole 07004 35.5% Fe + 0.10% Cu over 53.9m from 41m downhole
- Hole 07005 46.5% Fe + 0.12% Cu over 49.2m from 97.8m downhole
- Hole 07006 35.3% Fe + 0.12% Cu over 147.3m from 89.9m downhole

Buck Morrow, the President of Northland, said `The successful Salmivaara drill program is a continuation of Northland`s strategy to define combined resources of more than 500 million tonnes of magnetite at the Company`s iron projects in northern Europe. Our drilling cut substantial magnetite mineralization below the limits of the historical work - a very promising start to our exploration at Salmivaara. We are planning additional drilling this winter to further define the Salmivaara magnetite bodies and will begin metallurgical testwork.`

A full table of Northland`s results is given below. Northland`s holes were drilled on 3 profiles: Holes 001, 002 and 004 form one profile, holes 005 and 006 are on another and hole 003 was drilled on the same profile has historic hole 70801.

All holes were drilled at an angle of -50 degrees. Mineralized widths in the table below are downhole widths and not true widths. The information available suggests that the magnetite bodies are steeply dipping and therefore the true thickness of the magnetite is likely to be less than the downhole mineralized intervals. Assay intervals were calculated based on an assumed cut off grade of 15% Fe. Drill sections will be posted shortly
on Northland`s website at www.northlandresourcesinc.com

For table please see PDF.

http://www.newsweb.no/newsweb/atmnt/Jan14.pdf?id=50210

Gruß @ all

tommy

[SKGold]

Antwort auf Beitrag Nr.: 33.037.446 von tommy-hl am 14.01.08 09:37:02

Hallo,

bin seit Heute mit an Bord. Hoffe das es nun aufwärts geht.

Gruß

[CaptainBizeps]

Was schönes ist noch das hier:

...
Based on drilling, the SGU published an estimated
resource of 16 million tonnes grading
approximately 34% iron with between 0.1 to 0.8%
Cu. Sulphur content averages 3.6% with 0.03%
phosphorous. The reader is cautioned that this
historic resource does not comply with the
standards set out in NI43-101 and cannot therefore
be relied upon. Northland is currently carrying
out the work required to verify the historic
resource.
...

http://www.newsweb.no/newsweb/index.jsp?messageId=200750&lan…

Nicht nach 43-101 aber es dürfte da wohl das eine oder andere übrig bleiben.

[Blackman16]

Kann nicht verstehen, wer NAU in der momentanen Situation verkauft.

Gut Ding braucht Weile!

Vancouver, January 14, 2008: Northland Resources Inc. is pleased to announce encouraging drill results from 6 diamond core holes completed at the Company's 100% owned Salmivaara iron-copper project, located approximately 33km northeast of the city of Gällivare in Nortbotten county, Sweden. All holes returned multiple intersections of magnetite, with downhole thickness of up to nearly 150m locally.

The near-surface Salmivaara magnetite body is within 1km of a sealed road and approximately 33km from a rail line that carries iron ore trains from Europe's second largest iron ore mine, Malmberget, which is operated by the Swedish state-owned mining company LKAB.

Highlights of the new drill results, which support and build on results >from 12 historic diamond core holes completed by the Swedish Geological Survey (SGU), include:

Hole 07001 42.8% Fe + 0.12% Cu over 52.7m from 15.3m downhole
Hole 07004 35.5% Fe + 0.10% Cu over 53.9m from 41m downhole
Hole 07005 46.5% Fe + 0.12% Cu over 49.2m from 97.8m downhole
Hole 07006 35.3% Fe + 0.12% Cu over 147.3m from 89.9m downhole Buck Morrow, the President of Northland, said "The successful Salmivaara drill program is a continuation of Northland's strategy to define combined resources of more than 500 million tonnes of magnetite at the Company's iron projects in northern Europe. Our drilling cut substantial magnetite mineralization below the limits of the historical work - a very promising start to our exploration at Salmivaara. We are planning additional drilling this winter to further define the Salmivaara magnetite bodies and will begin metallurgical testwork."

A full table of Northland's results is given below. Northland's holes were drilled on 3 profiles: Holes 001, 002 and 004 form one profile, holes 005 and 006 are on another and hole 003 was drilled on the same profile has historic hole 70801.

All holes were drilled at an angle of -50 degrees. Mineralized widths in the table below are downhole widths and not true widths. The information available suggests that the magnetite bodies are steeply dipping and therefore the true thickness of the magnetite is likely to be less than the downhole mineralized intervals. Assay intervals were calculated based on an assumed cut off grade of 15% Fe. Drill sections will be posted shortly on Northland's website at www.northlandresourcesinc.com

Hole No.
From (m)
To (m)
Width (m)
Fe %
Cu %
S%









SAL07001
15.3
68.0
52.7
42.8
0.12
3.28

and
98.7
128.3
29.6
34.2
0.08
2.72

and
136.8
216.9
80.1
33.7
0.17
4.18

including
136.8
178.6
41.8
39.3
0.24
5.39









SAL07002
64
137.6
73.6
34.2
0.12
2.87

and
206.8
256.2
49.4
27.6
0.06
2.08

including
92.2
117.2
25.0
48.3
0.18
4.21









SAL07004
41.1
95.0
53.9
35.5
0.10
3.15

and
160.0
203.3
43.3
32.6
0.14
3.70









SAL07005
73.7
155.0
81.3
40.4
0.09
2.27

and
250.4
292.7
42.3
28.8
0.15
4.1

including
97.8
147.0
49.2
46.5
0.12
3.17









SAL07006
40.4
68.0
27.6
32.0
0.04
1.81

and
89.9
237.2
147.3
35.3
0.12
2.57

and
305.2
355.4
50.2
26.8
0.09
2.29

including
153.6
211.6
58.0
44.6
0.23
4.82









SAL07003
56.1
64.8
8.7
43.02
0.14
3.74










The SGU's interpretation of multiple, steeply-dipping magnetite bodies within a large synformal fold structure is supported by Northland's drilling, where the magnetite bodies appear to be thickest and highest grade in the core of the synform, showing multiple intervals of greater than 40% Fe over 10s of metres, and locally greater than 50% Fe (e.g. drillholes SAL07001, 07005 and 07006 - drillhole 07006 returned 20.9m of 52.5% Fe from 191m downhole).

Mineralization at Salmivaara consists of magnetite with pyrite, pyrrhotite and chalcopyrite. It was discovered in 1897, first drilled in 1904, and was mined for copper during World War II. The Swedish Geological Survey (SGU) worked on the deposit between 1967 and 1971, publishing a report titled "Salmivaara Iron Occurrence" and describing the deposit in the Swedish Iron Ore Inventory. A total of 12 holes were drilled, for 1,818m of core drilling to a maximum depth of 120m below surface, and the SGU completed magnetic and gravimetric studies which indicate that the magnetite body may continue to a depth of at least 700m below surface.

Northland has compiled the available historic drill data. The mineralized intercepts reported by the SGU are as follows:

Hole No.
From (m)
To (m)
Width (m)
Fe %







SAL71801
112
426
314
25.8

SAL71802
80
142
62
23.5

SAL40001
22.9
78.4
55.5
22.8

SAL40002
14.7
37
22.3
31.3

SAL40005
24.6
44.5
19.9
45.0

SAL40006
28.9
163.3
134.4
24.2

SAL40007
21.7
85.3
63.6
46.1


Based on drilling, the SGU published an estimated resource of 16 million tonnes grading approximately 34% iron with between 0.1 to 0.8% Cu. Sulphur content averages 3.6% with 0.03% phosphorous. The reader is cautioned that this historic resource does not comply with the standards set out in NI43-101 and cannot therefore be relied upon. Northland is currently carrying out the work required to verify the historic resource.

Assay Protocol

The core was cut at Northland's core facility in Kolari, Finland. A one half split core from Salmivaara was prepared at ALS Chemex Lab in Pitea, Sweden and then transported to ALS Chemex Vancouver, British Columbia Canada for analysis.

Copper and Iron were analyzed by Sodium Peroxide Fusion multi element analysis, ICP-AES Method ME-ICP81. Gold was analyzed by Lead Fire Assay Pre-concentration with ICP-AES Method Au-ICP21 finish.

In addition to the ALS Chemex internal sample preparation and assay QC protocol, Northland maintains a rigorous QA/QC program consisting of inserting blanks, duplicates and certified standards to the analytical process.

Qualified Person

The technical information in this release was prepared under the supervision of Mr. David Cass, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a "Qualified Person" in accordance with National Instrument 43-101.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.


ON BEHALF OF THE BOARD

"Buck Morrow"
NORTHLAND RESOURCES INC.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President

Investor Relations:
North America, Ralph Rushton: Toll Free: 1-866-719-8962
Europe, Gabriella Roos: Tel. [phone]

[tommy-hl]

Antwort auf Beitrag Nr.: 33.038.048 von SKGold am 14.01.08 10:29:09

@ SKGold

Willkommen an Bord ...

Habe eine neue Kaufstudie eines skandinavischen Investmenthauses erhalten. Werde demnächst hier die wesentlichen Punkte der Studie posten ...

Soviel vorweg: "Strong buy" Kauf-Empfehlung ...

Gruß

tommy

[SKGold]

Antwort auf Beitrag Nr.: 33.046.395 von tommy-hl am 14.01.08 21:11:31

Hallo tommy,

bin schon gespannt was diese Studie zu Berichten hat.


Gruß
SKGold

[danpirk]

Guten Morgen,

Kann jemand mit den Zahlen der ua. Bohrungen was anfangen? Sind die gut oder schlecht? Vorbehaltlich der Daten von tommy's Kaufstudie gehe ich mal von positiven Ergebnissen aus.

Was bei mir bisher noch ein wenig untergegangen ist, ist dass Northland schuldenfrei ist und genug Cash hat. Wird zwar nicht ewig reichen, aber trotzdem.

Jetzt muss nur noch mein Limit aufgehen, dann bin ich auch dabei.

Für "Newbies" wie mich ist übrigens der AR2007 eine nette Lektüre. Die Daten sind zwar etwas älter, aber einiges an Infos vorhanden.
http://www.northlandresourcesinc.com/i/pdf/2007AR.pdf

Und obwohl es schon öfters gesagt wurde: der Umgang miteinander in diesem Thread ist wirklich vorbildlich. Da macht das Lesen noch mehr Freude.

Schönen Tag!

[tommy-hl]

Antwort auf Beitrag Nr.: 33.049.785 von danpirk am 15.01.08 10:08:56

Hallo danpirk,

die Bohrergebnisse sind gut!

- Hole 07001 42.8% Fe + 0.12% Cu over 52.7m from 15.3m downhole
- Hole 07004 35.5% Fe + 0.10% Cu over 53.9m from 41m downhole
- Hole 07005 46.5% Fe + 0.12% Cu over 49.2m from 97.8m downhole
- Hole 07006 35.3% Fe + 0.12% Cu over 147.3m from 89.9m downhole

So beträgt der Anteil von Eisenerz zwischen 35,3% und 46,5% was schon mal eine Ausbeutung lohnenswert macht. Auch die genannten Schichtdicken sind groß, so das ich davon ausgehe, dass ein wirtschaftlicher Abbau möglich ist. Northland wird dadurch seine Ressourcen erhöhen.

Das kurzfristige Ziel des Managements sind nachgewiesene 500 Mio. t Eisenerz, mir liegen aber (nicht veröffentlichte) Informationen vor, dass das Langfristziel 1 Mio. t Eisenerz sind. Das Management ist äußerst konservativ in seinen Prognosen, will lieber positiv überraschen, als "leere" Versprechungen zu machen.

Wir werden in Northland einen heran wachsenden künftigen Rohstoff-Giganten erleben können. Takes some time ... but offers phenomenal profits ...
-----------------------------------------------------------------

Da die Kaufstudie des skandinavischen Investmenthauses für institutionelle Anleger und Großkunden bestimmt ist, und eine Veröffentlichung ohne Genehmigung nicht gestattet ist, bitte ich um Verständnis dafür, dass ich hier den Namen mit „Scandinavian Bank“ angebe und nur die „hard facts“ poste.

„Strong Buy“ Kaufempfehlung für Northland Resources

Das Investmenthaus „Scandinavian Bank“ hat sich spezialisiert auf Rohstoff-Explorer und –Produzenten im nordeuropäischen Raum und verfügt über eine jahrelange Erfahrung in der Bewertung solcher Unternehmen. Es covered nun auch Northland Resources und hat jetzt eine neue Analystenstudie heraus gelegt.

Das Ergebnis: strong buy mit Kursziel NOK 75 (ca. 9,- EUR) bis Anfang 2009

„Scandinavian Bank“ geht davon aus, dass in 2008 eine Menge Kurstreibender News auf uns zukommen:

- 43-101 Ressourcenbestimmung für das Tapuli-Projekt
- Scoping Study für Stora Sahavaara
- Feasibility Study für Stora Sahavaara
- Erste Vorverträge mit europäischen Stahlherstellern
- Weitere Preiserhöhungen für Eisenerz
- Scoping Study für Hannukainen-Projekt
- Road shows mit entsprechenden Präsentationen für Bankanalysten und Börsebrief-Experten

Der Analyst von „Scandinavian Bank“ hat auch eine erste Schätzung für die Umsatz/Gewinnentwicklung von Northland gemacht:
(Angaben in Millionen US-Dollar)

Jahr …………..… 2010 . 2011. 2012
Umsatzerlöse ….. 265 .. 880 . 1.150
Prod.kosten/Opex 117 . 327 … 497
Abschreibg/Capex . 18 … 43 …. 53
Finanzierungskost. 100 .. 85 …. 85
Bruttogewinn … 30 . 415 .. 515
abzügl. Steuer ……9…125 .. 155
Nettogewinn …… 21 .. 290 . 360

Gewinn pro Aktie ..0,16 . 2,23 . 2,77 USD (130 Mio. Aktien)
Gewinn pro Aktie ..0,11 . 1,48 . 1,85 EUR
Ergibt KGV ………. 17,3 .. 1,3 … 1,0 (Basis Kurs EUR 1,90)


Der Unterschied zwischen meiner hier vor kurzem veröffentlichten Analyse und der von „Scandinavian Bank“ besteht darin, dass „Scandinavian Bank“ die Umsatzerlöse um ca. 6 Monate verschiebt, so dass sich in den Jahren 2010 + 2011 geringere Umsätze und damit niedrigere Gewinne bei der Scandinavian Bank-Studie ergeben. Ich hatte einen Gewinn pro Aktie von 2,00 EUR ermittelt, „Scandinavian Bank“ prognostiziert 1,85 EUR, so dass beide Analysen bei der Gewinn-Prognose dicht beieinander liegen.

Das Kursziel von „Scandinavian Bank“ von 9,00 EUR für 2009 halte ich für sehr ambitioniert. Für 2009 würde ich eher Kurse zwischen 4,00 und 5,00 EUR für möglich halten, die dann mit der Umsatz- und Gewinnentwicklung von Northland Jahr für Jahr ansteigen. Bei einem Gewinn von 1,85 EUR in 2012 sollten dann Kurse von 16-18,- EUR möglich sein.

Enormes Potenzial besteht darin, dass die Preise für Eisenerz weiter steigen werden. Seriöse Prognosen sagen, dass wir mind. bis 2012 von einer Unterversorgung ausgehen können. Und steigende Nachfrage führt zu steigenden Preisen. Hier könnte es dann zu einer Überraschung für die Gewinne bei Northland kommen, denn sowohl „Scandinavian Bank“ als auch ich haben Rohstoff-Preise genommen, die deutlich unter den heutigen Preisen liegen, und die für 2008 erwartete Preiserhöhung von 30% ist überhaupt nicht berücksichtigt worden.

Wenn der Eisenerz-Trend so weiter geht, bietet Northland meiner Meinung nach einem langfristig orientierten Anleger mindestens ein 10-bagger Potenzial auf Sicht von 3-5 Jahren.

tommy

[SKGold]

Antwort auf Beitrag Nr.: 33.052.652 von tommy-hl am 15.01.08 13:43:39

Hallo tommy,

dass sind sehr gute Informationen die du uns bereitgestellt hast bzw. wiedergegeben hast.
Das alles hört sich sehr gut an.
Ich selber halte Kurse in dem Bereich 4-5 € für 2009 als sehr realistisch.
Ausserdem finde ich das Potenzial von Northland als sehr aussichtsreich.
Deswegen habe ich sie ja auch gekauft!

Gruß
SKGold

[tommy-hl]

sorry, meine Aussage "dass das Langfristziel 1 Mio. t Eisenerz sind"

muss natürlich richtig lauten: Langfrist-Ziel ist 1 Milliarde Tonnen Eisenerz oder 1.000.000.000 t ...

Der heutige Kursverfall hat nichts mit irgendwelchen fundamentals zu tun. Vom Unternehmen gibt es keine news. Wahrscheinlich verkaufen hier die letzten (?) zittrigen Hände ihre Aktien, was uns absolut günstige Einkaufspreise bietet.

Wer hier Geduld mitbringt und sein langfristiges Ziel sieht, wird mit den aktuellen Kursen nach meiner Meinung auf Sicht von 3-5 Jahren sehr hohe Renditen erzielen.

Wer mich nur aus diesem thread von Northland kennen sollte, und daran interessiert ist, meine Langfrist-Strategie kennen zu lernen, dem empfehle ich mal im thread hier bei w-o für "Geovic Mining" nachzuschauen. Dort werde ich voraussichtlich morgen meine Strategie posten. Zwar ist das Modell meiner Strategie auf Basis von Daten für Geovic Mining berechnet, kann aber im Prinzip auf alle guten Explorations-Unternehmen, wie z. B. Northland Resources, angewandt werden.

Also, keine Panik weil der Kurs von Northland mal wieder gefallen ist, denn das Management von Northland macht einen guten Job und die aktuelle Situation bei fast allen Explorer-Aktien ist einfach rational nicht mehr erklärbar.

Der Aktienkurs wird sich früher oder später den "fundamentals" anpassen, und die sind sehr, sehr gut ...

Gruß @ all

tommy

[tommy-hl]

.
Neue Bohrungen für das Projekt "Stora Sahavaara" ergeben, dass die Ressourcen viel größer sind, als bisher gemessen.

tommy

Vancouver, January 16, 2008: Northland Resources Inc. is pleased to provide an update on recent exploration work at the Company`s 100%-owned Stora Sahavaara iron project in Sweden which has
significantly expanded the known dimensions of the magnetite mineralization and will likely result in the definition of additional resources at the project.

A new grade-thickness compilation of all available drill data identified a possible thickening of the Stora Sahavaara deposit within the middle part of the magnetite body, angling to the north at depth.

Four new diamond core holes were drilled to test this potential between the 600 and 1000 profiles. All 4 holes successfully cut good widths of typical Stora Sahavaara magnetite mineralization at depths ranging between 302m and 503m, outside the limits of the existing resource, indicating good potential to add significant new magnetite resources at the project. The table below summarizes the salient results from the new holes, with approximate ranges for the true thickness of mineralization. Updated drill collar plans and sections will be posted shortly on the Northland website.

For table please see PDF:

http://www.newsweb.no/newsweb/atmnt/Jan16Oslo.pdf?id=50250

*Hole SAH07021 encountered drilling problems at a depth of 502m. A wedge was inserted at 463m and drilling continued from there. The result shown is a composite of assays from SAH07021 up to 463m and assays from the deflection (SAH07021B) from 463m to the end of the hole at 532.7m.

The magnetite body appears to continue at depth below these 4 holes.

Another hole, SAH07005 was completed on the northernmost profile (1300N) where historic work had suggested that the Stora magnetite body would be approximately 30m in downhole thickness. However, the hole cut a well-mineralized core length of nearly 63m grading 40.9% Fe from 240m downhole. This suggests potential for a second
wide lobe of magnetite mineralization, raking to the north in addition to the one described above.

For table please see PDF.

Northland`s geologists are recommending that additional holes be drilled on the northern sections from 1200N through 1400N, to test the potential rake of the deposit to the north.

Buck Morrow, the President of Northland, said: `We have always believed that there was excellent potential to increase the NI43-101 resource at Stora Sahavaara and our latest drilling appears to
confirm this. I`ve asked our exploration team to schedule more drilling to follow up these results in advance of a new resource calculation to be completed this year.`

Tapuli Resource Calculation

Management would also like to provide an update on the timing of the NI43-101 compliant resource calculation for the Tapuli project. Management had been expecting the final sign off by Geovista and Micon by mid-January but was recently informed by Geovista that delivery of the final resource numbers would be delayed for up to 2 weeks. Northland now anticipates releasing the resource figures before the end of January.

Assay Protocol

The core was cut at Northland`s core facility in Kolari, Finland. A one half split core from Salmivaara was prepared at ALS Chemex Lab in Pitea, Sweden and then transported to ALS Chemex in Vancouver, British Columbia Canada for analysis.

Copper and Iron were analyzed by Sodium Peroxide Fusion multi element analysis, ICP-AES Method ME-ICP81. Gold was analyzed by Lead Fire Assay Pre-concentration with ICP-AES Method Au-ICP21 finish.

In addition to the ALS Chemex internal sample preparation and assay QC protocol, Northland maintains a rigorous QA/QC program consisting of inserting blanks, duplicates and certified standards to the analytical process.

Background

Northland has delineated a NI43-101 compliant resource at Stora Sahavaara (see news release dated May 18, 2006). Using a 25% Fe cut off, the magnetite body contains:

Category Tonnes Fe % Cu %
Measured 77,063,210 43.32 0.080
Indicated 44,634,770 43.28 0.076
Inferred 23,346,373 41.76 0.051

Qualified Person

Resource estimates were prepared by third party consultant (Bart Stryhas, PhD Structural Geology); the resource model and estimates were subsequently reviewed by Chlumsky Armbrust & Meyer L.L.C. (`CAM`) an independent, mineral resource, consulting and engineering group based in Lakewood, Colorado, USA. CAM believes that the Stora Sahavaara resource and resource model have been prepared according to accepted engineering practice for a project at this level of development.

The technical information in this release was prepared under the supervision of Mr. David Cass, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a `Qualified Person` in accordance with National Instrument 43-101.

ON BEHALF OF THE BOARD

`Buck Morrow`
NORTHLAND RESOURCES INC.

[SKGold]

Antwort auf Beitrag Nr.: 33.062.839 von tommy-hl am 16.01.08 09:04:42

Schade das Heute mal wieder die Börse verrückt spielt.

[hobiewaters]

Antwort auf Beitrag Nr.: 33.064.057 von SKGold am 16.01.08 10:26:28

Habe Northland auch auf der Watch-List- scheinen jetzt ja langsam in eine absolute Kaufregion zu kommen, bei 1,50 Eur sind ja einige Widersstände anzutreffen.

Das Einige was mich bisher hat zögern lassen ist der rel. späte Prod.beginn und das die BFS noch nicht da ist (Stichpunkt: mögliche Kostensteigerungen - insbes. in Schweden) ... aber dann ständen wir natürlich auch etwas höher ...

Gruß
hobiewaters

[CaptainBizeps]

Schön auch das Tapuli schon Ende Januar kommt, vorher war je eher vom 1. Quartal die Rede gewesen was bei der jetzigen Lage im Explorersektor für mich frühestens März bedeutet hat.

Auch dran denken das Tapuli jetzt zu 100% Northland gehört. Man hatte sich ja von Anglos Ansprüchen befreit.

[CaptainBizeps]

Tapuli kann schön was werden:

http://www.northlandresourcesinc.com/s/Tapuli.asp

...
Based on its drilling, the SGU determined a rough resource estimate (not NI 43-101 compliant) of 60 Mt of magnetite ore grading 30% Fe.
...

[SKGold]

Antwort auf Beitrag Nr.: 33.068.812 von CaptainBizeps am 16.01.08 15:37:48

Je mehr ich mich mit dieser Aktie beschäftige umso mehr bin ich von den Potenzial überzeugt das hier wirklich was heranwachsen kann.

SKGold

[tommy-hl]

Antwort auf Beitrag Nr.: 33.073.026 von SKGold am 16.01.08 19:37:22

Lass Dich nicht von dem derzeitigen Abverkauf negativ beeindrucken. Die Börse in Oslo hat in den letzten zwei Tagen 6% verloren, was die dort gelisteten Unternehmen um mehrere Milliarden billiger macht.

Auslöser: Die USA!

Hat das etwas mit den Unternehmen zu tun: NEIN!

Die heute veröffentlichten positiven Bohrergebnisse und damit die Erweiterung der Ressourcen von Northland gingen völlig unter! Auslöser: Die Panikmache der subprime-crises aus den USA!
Hat das irgend etwas mit Northland zu tun? NEIN!

Eisenerz wird dringend benötigt. Es wird auch in den nächsten Jahren mehr nachgefragt, als produziert wird. Die Folge: Steigende Preise!

Und steigende Rostoff-Preise bedeuten höhere Gewinne für Northland!

Aktuelle Aktien-Preise für Northland sind absolute Discount-Preise!
Wer sich von der kurzfristigen Hysterie an den Börsenmärkten nicht anstecken lässt, wird langfristig Riesengewinne machen.

Gruß @ all

tommy

[tommy-hl]

.
Das Investmenthaus Seymour Pierce wiederholte die Kaufempfehlung “BUY“ für Northland, leider komme ich nicht an die komplette Nachricht heran.

tommy

04.01.2008 - Charles Kernot of Seymour Pierce reiterated his “BUY” advice, noting that Northland Resources has found similar potentially exploitable ore on nearby properties.
Source: www.sharecrazy.com

[tommy-hl]

.
Rio Tinto: Chinas Eisenerz-Nachfrage boomt
Datum 16.01.2008 - © BörseGo AG

Rio Tinto rechnet weiterhin mit einer hohen Nachfrage nach Eisenerz, da der Hunger Chinas nach dem Stahl-Rohstoff weiter gehen wird. Sam Walsh, der Chef der Eisenerz-Division von Rio Tinto, präsentierte seine bullischen Aussichten während eines Vortrags in der westaustralischen Pilbara-Region. China werde seine Eisenerzimporte in den nächsten sechs Jahren verdoppeln, so Walsh weiter. Durch die restriktiven Importe Chinas aus Indien und durch den eigenen hohen inländischen Bedarf Indiens bei Eisenerz seien daher die Exportaussichten für die australische Rio Tinto weiter hervorragend, so Walsh.

Sieht doch gut aus für unsere Northland Resources ...

tommy

[tommy-hl]

Indien und China wollen eigene Eisenerz-Reserven schützen und erheben einen Export-Zoll für Eisenerz-Lieferungen ins Ausland

Das wird die künftigen Lieferungen von Northland Resources noch wertvoller machen!!!

tommy


India's Possible Iron Ore Export Tax Could Negatively Impact Chinese Steel Mills
http://www.resourceinvestor.com/pebble.asp?relid=39189

By Ginger Ding
03 Jan 2008

SHANGHAI (Interfax-China) -- The Indian Ministry of Steel's proposed 10% to 15% tax on iron ore exports to reserve mineral resources for the development of India's steel industry reported by Indian media yesterday has prompted Chinese analysts to voice concerns over the impact such taxes would have on domestic steel mills.

The Ministry of Steel submitted pre-budget recommendations to the Finance Ministry last week. The proposed duty would be based on current FOB prices, replacing a system of fixing specific rates on every tonne shipped out of the country. The budget is expected to be completed on 29 February, according to a report released yesterday by the Mint, a national business newspaper in India.

The ministry was unavailable for comment when reached by Interfax today.

"The Indian steel industry has been discussing the new iron ore export tax policy, which is intended to curb the excessive export of iron ore resources. The proposal, which is definitely bad news for Chinese steel mills, is yet to be settled, though it will inevitably happen sooner or later," Gao Bo, an analyst with Shanghai Mysteel, told Interfax.

"The proposal is a move to support India's target to triple its steel capacity to 124 million tonnes by 2012. The current steel industry in India resembles that of China in 1996, and India will gradually slow its iron ore exports and transform itself into an iron ore importer in the long run to support its expanding steel industry," Gao said.

Last March, the Indian government introduced ore-grade specific export taxes of INR 50 ($1.27) to INR 300 ($7.61) per tonne, representing the first move by the Indian government to conserve national resources. However, iron ore prices surged over the year, with FOB prices of grade 63.5% Indian iron ore reaching $135 to $140 per tonne at the end of December 2007, up 146% from the per-tonne-price of $57 at the beginning of 2007.

Current export duties in India are less of a concern in light of high iron ore prices, according to analysts, which is why the steel ministry will promote a tax under the new duty scheme that will change along with fluctuating prices.

"The CIF Indian iron ore price of grade 63.5% stood at around $200 in early December 2007. The high prices already led to some steel mills losing money. If the prices are even higher, which would result from an export tariff, Chinese steel mills would have an even harder time," Gao said.

The CIF price for 63.5% Indian iron ore at the end of last December dipped by $10, to a per-tonne price of between $185 and $190, as Chinese consumers refused to pay higher prices, according to an iron ore trader based in Beijing.

India's state-run miner, the National Mineral Development Corp., announced last Monday that it would raise the prices of iron ore sold under long-term contracts to domestic clients by 47.5%, effective 1 October, 2008.

"Both the possibility of new export taxes on iron ore exports and higher iron ore prices in the domestic Indian market show India's resolution to keep more iron ore resources at home. The steel industry of the iron ore-rich country is bound to be on a fast track, though India's dependency on coke imports may set back its development," an official with a large iron ore trading house in Hebei Province, who asked to remain anonymous, told Interfax.

India is the third largest iron ore supplier in the world, after Brazil and Australia. More than 80% of India's iron ore production is exported to China.

According to the China's General Administration of Customs, China, which is the world largest steelmaker, imported 70.99 million tonnes of iron ore from India in the first 11 months of last year, up 4.65% year-on-year.

India is also concerned with China's move to implement a stiffer export policy, as many medium and small-sized steel producers in India rely on coke imports from China, the world's biggest coke producer. India's coke imports from China have grown to slightly more than 6 million tonnes, according to the Indian Metallurgical Coke Manufacturers Association.

As of 1 January, 2008, China has raised the tax on exports of coke, pig iron and steel billet to 25% from the previous 15%, as well as raised the export tax rate of rebar and rod from 10% to 15%, while taxes on steel plate exports will not change. Hot-rolled steel plate exports will continue to be taxed at the same rate of 5%, while exports of cold-rolled steel sheet will remain untaxed.

[tommy-hl]

-
Wer das Eisenerz hat bestimmt die Regeln!
Alle Welt spricht von Gold und Silber – doch der Outperformer 2008 dürfte Eisenerz werden …

The Rule of Iron: He Who Has the Iron Ore Makes the Rules
By Jack Lifton - 17 Jan 2008

DETROIT (ResourceInvestor.com) -- Today’s Wall Street Journal has a story entitled “Rio Tinto to Lift Ore Prices,” and it points out that the reason Rio Tinto [NYSE:RTP] is lifting ore prices is twofold: it is trying to increase its share price to where a takeover bid by (hostile) competitor BHP Billiton [NYSE:BHP] is prohibitively expensive, and it is raising ore prices because it can. In either case the most affected parties by this strategy are less the world’s iron ore miners than its steel makers, who will see a rise in the price, a minimum of 10% of their iron ore, by 75%, yes 75%!, if the miners get their way - and they usually do in the 21st century where virtual cartels operate freely outside of the U.S. and Europe.

In an age where China makes five times as much steel as the U.S., and, unlike the U.S., has essentially no domestic iron ore, the producers of iron ore have become huge and hugely profitable, and the enormous demand for steel within the BRIC nations has lengthened out the boom and bust cycle of steel making and iron ore supplying to where Wall Street youth’s are saying that the advent of a (another) new economy has ended this cycle forever. Yah, Yah. But in the meantime....

Even though America imports today only 30% of its iron ore needs, clearly the American steel making community should have a long-term strategic plan in the current environment of ever increasing iron ore prices, so here are some thoughts for them.

A Simple Iron Ore Supply Approach

There have been recent announcements, by a number of raw material producing countries, regarding the imposition of export taxes or limitations on the amounts of raw materials they will allow to be exported. What may be the most puzzling approach though is the position taken by China. On one hand, the Chinese are doing all they can to limit the export of those raw materials where they control the supply, such as rare earths, or have significant impact on supply, such as tungsten, antimony and indium; while complaining, at the same time, that other countries, such as India, are now looking at their own approaches to limiting the export of critical raw materials. The Chinese have gone so far as to object to the proposed strategy of some of the major iron ore producers, such as Rio Tinto, cited above, of selling more ore on the spot market, instead of on long-term or annual contracts.

With the Chinese sitting on a mountain of rapidly-devaluing U.S. Foreign Exchange, wouldn’t it be a double win if these U.S. dollars could be turned into the very assets that the Chinese need to sustain their growth in a non-devalued form. This would suggest that the Chinese should be looking at raw material investments in the U.S., not just in the rest of the world. In the U.S. the “dollar is still the dollar,” and with the current slowdown in business, courtesy of the “marginal mortgage and banking scare,” some great values abound. A compounding issue, to anyone holding U.S. dollars outside the U.S., is how will the U.S. likely react to try to address the issue of the slowing economy going into a recession? Historically, this has been through the reduction of interest rates, which would likely lead to a further devaluation of the U.S. dollar.

A second consideration that I might point out to a Chinese investor is that while China may continue to impose export restrictions on strategic commodities, along with a number of other developing countries, the likelihood of the U.S. doing this is relatively small. The U.S., being the largest market in recent times, has focused on limiting imports, through the tariff structure. It is really not the mindset of U.S. regulators to try to restrict commerce, especially exports, via such means. Besides, even if they ever figure this out, there are ways to make an export-oriented project in the U.S. appear as a domestic sale and circumvent any such regulations.

A third consideration is that since the U.S. is a leader in the development of new technologies I don’t think most of the U.S. regulators have even considered the idea that raw materials can be used as ‘bait’ or a weapon to force production based on those new technologies to locate in the raw-material producing countries, to assure access to needed production inputs.

A recent spat in the press seems to be concerned about iron ore. Not only are the Indians threatening to use export controls and taxes to increase the cost of iron ore exported, presumably to China, but the triumvirate of major producers, Vale [NYSE:RIO], BHP Billiton and Rio Tinto, seem to have the Chinese by what we referred to when I was a kid as the ‘short hairs’, when it comes to pricing.

Why not then, if you are an iron ore customer, take some of your devaluing U.S. dollar ‘stash’ and buy up U.S.-based iron ore production. To minimize the risk of U.S. government intervention, as was experienced with the Chevron situation, look at new properties just coming into production or which would be easy to bring into production. You would likely have to concentrate on ‘mining-friendly’ U.S. states, especially if the speed at which you wanted to bring the production on was important.

For the identification of a mining-friendly U.S. locale, I went to the 2006-2007 Fraser Institute study. Two U.S. states are listed in the top 10; Nevada and Utah. I would initially look at mining properties in those states as potential investment targets, especially if speed-to-market is a major consideration.
The main problem here is there are only a couple of iron ore projects that I have been able to identify in these areas: the Palladon Ventures [TSX-V:PLL] and the little-known Titan Mining Group LLC, that I wrote about in my November 29, 2007, article, “Investing in Minor Metals I: How and Why to Invest in Rare Earth Metals II.” At that time I cited this privately held, or closely-held company as the “most interesting speculative play of all” if it ever came to market.

Palladon is in a 50% JV with Luxor Capital Partners, LLC, in the Iron Mountain (Utah) Property. In April of last year it was announced that China’s Shagang Steel was doing the due diligence to possibly buy the Luxor position. Also, Palladon announced on June 21, 2007, that they had entered into a 5-year agreement with Holcim to supply iron ore for use in the cement industry. As such, this opportunity may be somewhat tied up.

Titan Mining Group LLC calls their (Utah) claim the TIRE Property; Great Western Minerals [TSX-V:GWG], which is involved in the property with a 25% share in the rare earth content only, refers to it as ‘deep sands’. This is a bit more descriptive of the nature of the property, since it is a magnetite iron sands type deposit. As such it should be relatively quick and easy to put into production for iron ore, since blasting or other hard rock techniques should not be necessary.

When I talked to the company, I was told that they were basically looking at “scooping-screening-magnetic separation” allowing the gangue to be returned to the hole from which it came, or close to it. If this is the case, it could be a relatively low-cost recovery process with minimal environmental damage. Since this is a huge property (66 square miles), containing an estimated 1.5 billion tonnes of recoverable magnetite (based on early estimates), it would be capable of producing major quantities of iron ore on an ongoing basis.

A question still exists as to how this deposit could help the Chinese need and demand for iron ore since it is in Utah, and transportation costs to China would be very high. For this I would recommend they take a page from the scrap industry’s playbook, and look at the concept of ‘location swaps’. Since transportation costs are significant to the value of scrap, dealers got together and created identifying terms for specific types of ferrous and non-ferrous scrap – words like ‘honey’, ‘birch and cliff’, ‘dream’ etc. The only two factors that concern scrap dealers are ‘weight and grade’. Each of these trade terms stipulated the identity of a specific type of scrap, much like deliverable copper cathode to the London Metal Exchange.

By knowing exactly what they were dealing with, the dealers could establish a value for the material. This then allowed them to sell the scrap they had, or to swap what they had for what they needed. In the case of the latter instance, it also pertained to ‘place utility’. It allowed them to swap excess material they had in one place, for material they needed and another dealer had in another place. This swapping of material in different places, whether it was the same material or different types of scrap, became known as doing a location swap. You gave up material you had in location ‘A’ to a dealer who needed it there, for scrap he had in a location you needed it in; thereby saving the cost of physically moving both materials to where the specific dealers needed them.

It would appear that this could easily be done with material from either of the Utah properties. Both are near enough rail transport facilities to allow rail transport. Today, thousands of unit trains of coal move from the Colorado Basin, through Chicago, to power plants and industry in the East. With the concept and infrastructure already in place, how hard would it be to ship a few unit trains of iron ore from Utah to the Chicago-Cleveland area? Also, there would not have to be any transloading; the cars loaded at the mine or pelletizer could be channelled directly to the steel mills in Gary, Loraine and Pittsburgh, saving time and handling. If someone were to take advantage of the burn-off gas produced at the five oil refineries in the Salt Lake City area, possibly you could even add mini-mill sites like Crawfordsville (Nucor [NYSE:NUE]) and Indianapolis (Steel Dynamics, Inc. [Nasdaq:STLD]), for direct reduced iron (DRI) to the list along with the previously named blast furnace locations.

Who could this appeal to? Actually, anyone who is short their own production of iron ore and has to buy it on the open market in one part of the world while producing it in another. Companies like Arcelor-Mittal [NYSE:MT], which needs up to 40% market ore to meet its U.S. needs, might be able to replace the U.S. ore with Indian or Australian ore, which could then be delivered to the Chinese or other owner(s) of the properties. Could SeverStal [RTC:CHMF] ship ore from Russian facilities to China to replace the ore that the (Chinese?) producers in Nevada or Utah would ship to the SeverStal Rouge Plant near Detroit? Both of these situations might result not only in gaining a steady supply of iron ore, but in substantial savings in transportation costs. The reduced transportation requirements would even have a positive environmental impact, requiring less fossil fuels and reduced emissions from transport vehicles.

Now it is probably more complex than this. The old saying; “the devil is in the details” often rings true, but the idea in general would appear to have merit. Is anybody out there in Brazil, Russia, India or China listening? Are any American financial institutions ready to propose this type of deal to American or Chinese steel makers?

I think that iron has become far more precious than gold, and it is a good investment today.

[CaptainBizeps]

Kannste Norwegisch?
Solltest du lieber da posten bei den hohen Umsätzen dort sind sie nun mal die Leitbörse(eher Leidbörse), wir machen den Kurs bestimmt nicht.
Trotzdem Danke, vielleicht kommt ja doch mal bißchen Schwung rein.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.109.356 von CaptainBizeps am 20.01.08 18:25:14

Sorry, kann leider kein norwegisch ...

Aber keine Sorge: Northland ist ein fundamental so gutes Unternehmen, dass der Aktienkurs sich über kurz oder lang den "fundamentals" anpassen wird ...

Für Eisenerz wird es die nächsten Jahre mehr Nachfrage als Angebot geben, mit der Folge steigender Preise ...

Ich werde zu Kursen um 1,60 EUR nochmals nachkaufen ...

Die meisten unterschätzen den Rohstoff EISENERZ, weil pusher-Börsenbriefe lieber irgendeine story verkaufen, die sich besser (exotischer) anhört ... aber letztlich wird sich der Gewinn eines Unternehmens immer im Aktienkurs niederschlagen ... und bei Northland sehe ich da phänomenales Potenzial ...

tommy

[tommy-hl]

.
Warum die steigende Nachfrage nach Eisenerz nicht so einfach durch eine Erhöhung der Produktion befriedigt werden kann.

Der Preis für Eisenerz steigt und steigt. Vor allem ist es der riesige Infrastruktur-Aufholbedarf in Ländern wie China, Indien und Vietnam der zu einer erhöhten Nachfrage geführt hat. Große Rohstoff-Konzerne reagieren zwar darauf, indem ihre Kapazitäten auf Hochtouren laufen, doch oftmals können sie der Entwicklung nur zuschauen. Der enorme Boom der vergangenen Jahre hat die Kapazitäten an Mensch und Material aufgezehrt.

Warum erschließen die großen Rohstoffkonzerne nicht mehr neue Eisenerzminen? Leigh Clifford, Chef von Rio Tinto, hat die Frage schon oft gehört. Er nennt das Beispiel Afrika mit seinen riesigen Bodenschätzen und sagt. „Hier, zum Beispiel Kongo“, und setzt den Finger mitten in den grünen Urwald. „Das Potenzial ist groß, aber wo die Mineralien sind, gibt es keinerlei Infrastruktur. Das ist wahrscheinlich tausend Kilometer von der Küste entfernt.“ Diamanten kann man im Aktenkoffer ausfliegen, Eisenerz nicht. Sie brauchen eine Eisenbahnstrecke und einen Hafen – ganz zu schweigen von der politischen Stabilität, die ein auf Jahrzehnte angelegtes Investment erfordert.

Und dann sind da noch die Investoren: Sie wollen vor allem Cash. Statt die Milliarden Dollar-Gewinne des aktuellen Rohstoff-Booms in neue Projekte zu stecken, sollen die Konzerne sie lieber ausschütten, fordern Analysten und Fondsmanager. Sie sehen die Gefahr, dass sie sonst von Kostensteigerungen aufgefressen werden. Die Chefs der Rohstoffgiganten müssen also die richtige Balance zwischen den Erwartungen der Kunden und der Anleger finden.

Über drei Milliarden Dollar hat Rio Tinto, einer der drei großen Eisenerzförderer, seit Ende 2003 in den Ausbau seiner Produktion in Australien gesteckt. Eine weitere Milliarde soll in 2008 folgen. Dann wird der Ausstoß der gigantischen australischen Erzminen des Konzerns innerhalb von fünf Jahren von 130 auf 200 Mill. Tonnen im Jahr gewachsen sein. Auch Konkurrent BHP Billiton will eine weitere Milliarde ausgeben.

Die beiden Konzerne beherrschen zusammen mit dem brasilianischen Weltmarktführer Companhia Vale do Rio Doce (CVRD) fast drei Viertel des Eisenerzhandels. Ein komfortables Oligopol, das gewaltige Preissteigerungen ermöglicht. Der Preis für Eisenerz hat sich in den letzten drei Jahren mehr als verdoppelt. Für 2008 sollen weitere 50% Preiserhöhung durchgesetzt werden, wobei ein Lieferant schon von 70% spricht.

Keine Frage, die Eisenerzproduktion wächst, doch die Nachfrage steigt noch schneller. Es ist vor allem der gewaltige Infrastruktur-Aufholbedarf in China und Indien, der sie treibt. Ob es der geplante Ausbau eines Schienennetzes für die Bahn um 100.000 km oder der Bau von neuen Städten ist: Es werden gigantische Mengen an Stahl benötigt und China versucht sich strategische Reserven zu sichern.

Die Produktion lässt sich nicht einfach per Knopfdruck erhöhen, denn es dauert viele Jahre, bis eine neue Mine mit der Produktion beginnen kann.

Das Problem beim Eisenerz ist, dass der enorme Boom der vergangenen Jahre die Kapazitäten an Mensch und Material aufgezehrt hat. Es fehlt an Ingenieuren, Fachkräften und Projektmanagern. Die Kosten steigen und Genehmigungen dauern immer länger. Weil es länger als erwartet dauert, bis neue Eisenerzminen die Produktion beginnen, dabei aber der weltweite Bedarf weiter steigen wird, wird es beim Eisenerzmarkt nach neuesten Prognosen erst ab 2012 zu einem ungefähren Gleichgewicht zwischen Angebot und Nachfrage kommen.

Der Eisenerz-Preis wird dabei wohl auf einem Niveau von über 200 USD pro Tonne bleiben, denn die großen „Drei“ werden ihre marktbeherrschende Stellung ausspielen, um so viel Gewinn wie möglich aus ihren Lieferungen heraus zu holen.

Gewinner werden dabei auch Eisenerz-Explorationsunternehmen sein, die ihre Produktion in den nächsten 2-3 Jahren in Gang bringen und so auf einen ausgetrockneten Markt treffen, der das neue Angebot gierig aufsaugt.

Northland Resources wird meiner Meinung nach zu den künftigen Gewinnern gehören.

Habe heute meine Position aufgestockt. Die Börse bietet einem sehr selten solche Schnäppchen. Da konnte ich einfach nicht widerstehen …

tommy

[CaptainBizeps]

Ein Link zu dem Artikel wäre ganz nett, außerdem wäre es schön wenn du sowas deutlich von deinen eigenen Anmerkungen abgrenzen würdest, am Bestem mit Zeichen wie *** oder so.

[kurtanton]

Hallo
Bin heute überraschend zu 1,46 reingekommen.
Hoffentlich war das nicht zu früh...

[tommy-hl]

Antwort auf Beitrag Nr.: 33.115.515 von CaptainBizeps am 21.01.08 13:12:01

@ Captain

Habe eine e-mail von jemandem bekommen, der letzte Woche auf einem Rohstoff-Treffen war. Die Äußerungen vom Chef von Rio Tinto wurden während einer Pause in einem Gespräch einer kleinen Gruppe von Teilnehmern gemacht. Dabei handelt es sich nicht um ein offizielles Interview, sondern halt um ein Pausengespräch. Rio Tinto sieht sich in einer sehr, sehr guten Verhandlungsposition mit Abnehmern, wie den Chinesen.

Inzwischen reduziert CVRD ihre Eisenerz-Lieferungen an die Chinesen um Druck auf die Preisgespräche zu machen. Auch daran kann man sehen, wie stark die Eisenerz-Lieferanten sind. Nachfolgend ein Artikel dazu:

CVRD cuts shipments, iron ore prices expected to soar
business.smh.com.au Helen Yuan -January 2008

SPOT prices for iron ore in China, the world's biggest buyer of the steelmaking raw material, may test a record after Cia Vale do Rio Doce said one of its Brazilian ports would halt shipments until February, mills and traders said.
"Spot prices will go higher if Vale cuts supplies," Gao Feng, an iron-ore purchase official at Taiyuan Iron & Steel, China's biggest stainless steel producer, said yesterday.

Cash prices have surged to about four times the annual contract price because of rising shipping costs and demand from China.
Repairs required after a harbour collision will disrupt shipments of 60,000 tonnes a day from Itaguai port in Rio de Janeiro state, Vale, the world's largest iron-ore producer, said on Monday.
"The disruption will create tightness on the spot market," Helen Wang, an analyst with DBS Vickers Hong Kong in Shanghai, said.
The cash price of iron ore imported into China rose by 2.1 per cent to 1480 yuan ($231.55) a tonne last week at Beilun, where Baosteel Group, the nation's largest mill, receives shipments, according to data from Beijing Antaike Information Development. The price matched a record of 1500 yuan on December 21.

Last month Vale said an accident forced it to stop loading iron ore at the Port of Sepetiba near Rio de Janeiro. Vale had to postpone at least 20 shipments last month after delays caused by rains and protests. The Rio de Janeiro company said on Monday that Itaguai was the smallest of the company's four ports, handling 25 million tonnes a year of iron ore.

Vale expected to sell about 90million tonnes of iron ore to China this year, according to Chen Xianwen, head of market research at China Iron and Steel Association. The company was expected to mine 300 million tonnes of ore last year.

Prices for India ore will also increase, according to Liang Ruodong, deputy general manager of the metallurgy and energy department at Sinochem International, which sells Indian iron ore in China.

The latest disruption comes as Vale, Rio Tinto and BHP Billiton, which account for three-quarters of global iron-ore trade, continue talks to set benchmark contract prices for this year with Chinese steelmakers.

The contract price of iron ore has risen the past five years to a record as China boosted steel output. Prices will gain 50 per cent this year on massive demand from China, compared with a market consensus of 35 per cent, Lehman Brothers said last month.
Wang Liqun, head of raw material purchasing at Baosteel, said it had not received notice of any supply reduction. Taiyuan Steel and Baosteel buy Vale's ore on long-term contracts
Source: http://business.smh.com.au

@ kurtanton

Willkommen an Bord ...

Bin heute überraschend zu 1,46 reingekommen.
Hoffentlich war das nicht zu früh...

Wenn Du ein paar Jahre Zeit mitbringst, damit sich die Northland-Story voll entfalten kann, bist Du nicht zu früh ... Ein paar Cent mehr oder weniger sind langfristig betrachtet unbedeutend ...

tommy

[tommy-hl]

Northland Resources hat den Vorteil, dass seine Minen in der Nähe von Eisenbahngleisen sind, und damit geringere Transportkosten anfallen, als bei anderen Eisenerz-Produzenten

Nachfolgender Artikel aus minesite.com

Minews Story: January 16, 2008

Northland Resources Could Hit Its Magnetite Targets Quite Early This Year

Iron ore is still very much flavour of the month, though gold has obviously taken up the running for the moment. The Australians are making some very ambitious projections as to how the iron ore price will advance in 2008; Tata Steel, the huge Indian company is securing resources in West Africa as we reported recently; and Anglesey Mining encountered a ready response from Canadian investors when it spun off its iron ore interests in Labrador recently. What everyone wants, of course, is the high grade haematite ore which can be shovelled straight onto a ship bound for the Far East or India. It is one of life’s sad ironies, however, that magnetite is much more common, but its grade is around half that if haematite so it has to be concentrated in some way, maybe pelletized, before it is saleable and this costs money.

The fact remains, however, that profitability in iron ore operations is all about transportation costs. It is fine to load haematite on a carrier at one of Australia’s northern ports, but if the deposit is a long way inland it will have to be carried by a mixture of truck and rail which is not cheap. All of which brings us to Northland Resources which is a Canadian company operating in Scandinavia where it has a portfolio of iron ore projects as well as some gold, silver and base metals. In October last year the company decided to float off the non-ferrous interests so that it could concentrate on iron ore, but it was not to be. Its broker in Oslo, Pareto Securities, decided that the market was slowing down pre-Christmas and it would be better to re-assess the situation this year. Northland was hardly likely to dispute this advice as Pareto has raised most of the money for Northland to date.

In the meantime Northland secured further control over two of its iron ore deposits in northern Sweden when Buck Morrow announced in December that his company had agreed to buy 2.5% royalty interest and back-in rights on two permits in northern Sweden which host the Stora Sahavaara and Tapuli iron ore projects, and a number of other iron oxide, copper, gold (IOCG) targets. Northland exercised its option to acquire 100 per cent ownership of these permits in January 2007, but the opportunity to free Stora Sahavaara and Tapuli from any royalties and back-in rights was too good to miss as both are proceeding towards feasibility study. The price agreed was US$3.65 million which might look a little steep at this stage, but Buck acknowledges that Anglo has been a great help to Northland while the two were involved in this joint venture.

All six diamond drillholes completed at the recently acquired Salmivaara iron-copper project in Nortbotten county, Sweden, returned multiple intersections of magnetite, with downhole thickness of up to nearly150 metres locally. Two of the highlights of these drill results, which support and build on results from 12 historic diamond core holes completed by the Swedish Geological Survey, were intersections of 52.7 metres from only 15.3 metres below surface grading 42.8% iron and 0.12% copper and 49.2 metres from 97.8 metres downhole grading 46.5% iron and 0.12% copper. Just as important as the grades and the widths of these intersections is the fact that the near-surface Salmivaara magnetite body is within 1km of a sealed road and approximately 33kms from a rail line that carries iron ore trains from Europe's second largest iron ore mine, Malmberget, which is operated by the Swedish state-owned mining company LKAB.

Stora Sahavaara is in the same county and both of these deposits belong to the same broad class of mineral deposits as Malmberget and Kiruna, the other big Swedish mine. Stora Sahaavara has another advantage from the transportation viewpoint as it is within 20kms of a rail head. As Buck points out the current aim is to define combined resources of 500 million tonnes of magnetite at these iron ore deposits and it is well on the way at Stora Sahavaara and at Tapuli where a resource estimate can be expected shortly. There is plenty of work to be done on these deposits, not least from a metallurgical point of view, but talks are already in progress with major European steelmakers to find out their requirements according to director Ralph Rushton..

The latest news from Stora Sahavaara is that the potential dimensions of the magnetite mineralization have been significantly increased and this will impact on the next resource estimate. A possible thickening in the deposit was identified from a re-appraisal of past drill data and four new drillholes then cut good widths at depths ranging between 302 metres and 503 metres, outside the limits of the existing resource. Yet another reason why Buck should meet his target of 500 million tones of magnetite earlier rather than later this year. Even then there should be plenty more to come, but that might signal the start of talks on transportation with LKAB as Northlands will then have earned the right to be taken seriously by the Swedes.

Source: minesite.com

[tommy-hl]

.
Viel Spaß beim Lesen

tommy


RESEARCH ALERT-Credit Suisse says buy miners, sell-off overdone
Wed Jan 23, 2008

LONDON, Jan 23 (Reuters) - Credit Suisse advised investors to buy mining stocks on Wednesday, saying a sell-off on equity markets was overdone and that commodity prices were remaining relatively strong.
b
"Recent history shows that the commodity markets are a much better indicator of global growth than the equity markets," a research note said.

"We think this sell-off is another false start and recommend investors buy the miners which have fallen on average 18 percent from their December highs." The note did not give recommendations for specific stocks.

The investment bank's earnings-momentum indicator has only fallen 1.5 percent in the last week while commodity prices are holding up, it added.

Copper prices have given up only 2 percent as inventories continue to fall on the London Metal Exchange. "This could be a sign that European and US consumers which have massively de-stocked are beginning to slowly return to the market."

Coal prices remain firm and the bank recently upgraded its expectations for a price increase in iron ore contract negotiations to 55 percent from 35 percent.

"Bad news is now fully priced in our view, and the longer commodity prices stay strong, the more likely we will see a significant bounce in the miners." (Reporting by Eric Onstad; Editing by Quentin Bryar)
http://www.basemetals.com/



Big miners confident of iron ore price rise
• John Garnaut, Beijing
• January 21, 2008
AUSTRALIA'S big mining companies believe bargaining power is shifting in their favour at this year's deadlocked annual iron ore contract price negotiations.

BHP Billiton and Rio Tinto are gaining confidence because Chinese steelmakers are paying more for ore on the local spot market, despite a Chinese Government campaign to dampen demand as well as a big, unprecedented drop in ocean freight costs.

"The spot market has held up even though freight prices have plummeted," said one senior Australian official involved with negotiations. "That's a sign of how tight things are."

The case for rising commodities prices was strengthened at the weekend when Reserve Bank governor Glenn Stevens predicted that China, which dominates the world commodities trade, would continue to grow strongly even as global demand growth slows.

Steel Business Briefing says the average spot price of medium-grade Indian iron ore in north China has edged higher in recent weeks and predicts it will climb to $US195 a tonne next month. The gains are magnified in Australian dollar terms due to recent US dollar strength.

Australian miners, to the extent they are selling on the Chinese spot market, benefit from rising prices even as their spot freight costs have plunged 40%, or $US13 a tonne, so far this year. But most Australian ore is sold at a steep discount on long-term contracts. The benchmark price for long-term contracts has risen threefold in five years to about $US52 (excluding freight), but this is barely more than a quarter of the current Chinese spot market price.

Analysts who are not conflicted by the BHP-Rio merger proposal are lining up to raise their estimates for this year's contract price rise.

"The market has tightened in recent weeks," said Mike Komesaroff, a consultant with strong links to China who previously predicted a rise of 25-50%. "I now expect a contract price rise of more than 50%."

Last week, Credit Suisse raised its contract price rise forecast to 55% and said it could be as high as 70%.

BHP Billiton said on its website on Saturday that iron ore earned an average of $US28 a tonne last financial year before tax and interest, which equates to well over 100%.

Leading Chinese steelmaker Baosteel is yet to summon Rio Tinto, BHP or Brazil's CVRD for a second round of negotiations after early discussions went nowhere before Christmas.
http://business.theage.com.au

[tommy-hl]

Mergers Between Mining Giants Spell Bad News for Downstream Ore Users
By Interfax-China - 23 Jan 2008


SHANGHAI (Interfax-China) -- Any further mergers between international mining companies will definitely create an oligopoly over iron ore prices and exert negative pressure on downstream customers, especially Chinese steelmakers and nonferrous smelters, Chinese analysts told Interfax today.

"A frenzy of mergers and acquisitions worldwide is a good indication that an industry is either in the prime of its life or waning. When it comes to today's miners, I think we can safely say that the outlook is fairly bright. The ongoing possible merger between BHP Billiton and Rio Tinto, and talk of Vale acquiring Xstrata, both indicate that miners are looking to consolidate the industry and gain a more powerful voice," EverBright Securities analyst, Wang Feng, said.

"The Vale-Xstrata tie comes at a time when Rio Tinto is busy fending off a takeover bid from BHP Billiton, which suggests that Vale is trying to ensure its market influence at a time when China is extremely thirsty for resources. Moreover, Chinese nonferrous metal smelters and steelmakers will see further raw material price hikes if overseas miners manage to further tighten their control over resources," Wang said.

Vale, formerly known as Companhia Vale do Rio Doce (CVRD), yesterday announced that it is considering making an offer for Xstrata, and has already carried out exploratory discussions with the company. However, the company is still considering other possible acquisitions.

"A takeover of Xstrata by Vale would turn Vale into the biggest mining company in the world, with new ferrochrome, coal, copper, aluminium and zinc assets from Xstrata. However, a successful deal will require the green light from Glencore International, the commodities trading company that holds over a 30% stake in Xstrata," an anonymous official close to the industry told Interfax.

Rio Tinto brushed off BHP Billiton's three-for-one share offer in November last year, saying that it undervalued both the company and its potential for development.

"It has been said that BHP will increase the number of shares and cash to its offer. However, BHP will have to put its money where its mouth is by 6 February this year, the date set by the UK Takeover Panel for BHP Billiton to either put up or shut up," Wang said.

"Previously, consolidation between global downstream smelters, for example ArcelorMittal, which is now the largest steelmaker in the world, kick-started consolidation between international mining companies, in order to be better able to negotiate over raw material prices. However, in the case of China, the smelting industry is relatively unconsolidated and companies are largely passive in raw material price negotiations. Moreover, the situation may get worse if domestic smelters don't get their skates on and speed up consolidation in the domestic market," a Custeel analyst, named Yang Shufang, told Interfax today.

Yang predicts that this year's annual contracted iron ore benchmark price will increase by between 40% and 60% from last year.

Vale, Rio Tinto Group and BHP Billiton currently control about 70% of the world's seaborne iron ore trade. In addition to iron ore, the three mining giants also produce aluminium, copper and energy products.

Xstrata is currently the fifth largest diversified metals and mining company in the world, where it holds top-five market positions for each of its major commodities.

Commentary

Vale-Xstrata is by no means a done deal. Xstrata, or subsidiaries thereof, are actively pursuing acquisition targets and there is the possibility of additional players entering the fray, such as Anglo American. Whether or not consolidation among the mining giant adds to price control remains to be seen. Obviously, importers are very nervous despite previous assurances that economies of scale would be of benefit to all. It is the time of benchmark ore price forecasting, and the consensus is for something between 40% and 70%, although much higher levels have been banded around. Taking a contrarian view; it would not surprise to see a figure in the high teens as a percentage increase given current global uncertainties.
http://www.resourceinvestor.com

[tommy-hl]

Northland Resources ist immer noch unterbewertet bei aktuellen Kursen und dem enormen Potenzial mit dem "Eisenerz-Hebel"!!!

Das sehen auch Insider der Gesellschaft so, und kaufen weiter zu.

tommy

Meldung vom 25.01.08:
Simon Ridgway`s wholly owned company, Mill Street
Services Ltd., has acquired 19,900 shares of
Northland at $2.05 per share. After this
transaction, Simon Ridgway and Mill Street Services
Ltd. hold a total of 1,849,500 shares and 1,415,000
options in Northland.

[tommy-hl]

Sind gering verfügbare Metalle die wahren harten Anlageklassen im 21. Jahrhundert?

Jack Lifton ist bullish für Eisenerz, Gallium, Germanium, Indium, Ruthenium, Selenium, Tellurium

Viel Spaß beim Lesen

tommy

Are Minor Metals the True 21st Century Hard (Metal) Assets?
By Jack Lifton - 24 Jan 2008

DETROIT (ResourceInvestor.com) -- The rollercoaster ride of the U.S. and global stock markets this week has so far been remarkable, but it does not seem to be happening to our favourite asset class of commodity metals - in particular with the so-called precious, exchange-traded metals. The prices of gold and silver have not varied inversely in step with the large daily market swings as speculators had predicted that they certainly would, and, in fact, the prices of these “precious” metals have seemed to be following the market, or “fiat,” value of the U.S. dollar as simple stores of value rather than reflecting growth potential. Gold is starting to act as a “flight to quality” type of relatively low but sure return investment.

The same thing seems to be happening with copper and even more so with platinum, which, with the others, used to be called the “coinage metals.” Prior to the rise of the need to generate and distribute electricity, the largest use for copper was in coinage, where the relatively low intrinsic value of copper, as values for metals went, allowed it to be used for low denomination but high mintage coins.

Ironically, Imperial Russia in the 1830s, which had then discovered that it had access to large amounts of the newly “discovered” metals, platinum and palladium, actually coined platinum rubles for a time in an attempt to create a “fiat” ruble; i.e., the platinum ruble was to be a ruble because the Czar said it was. The attempt was a flop, and by the time almost a century later that Louis Tiffany popularized platinum settings for diamonds and began marketing platinum as a “precious metal,” the Czar’s government had lost its interest in the metal altogether.

Those investors who want a “store of value” should for the time being stick to gold, and they probably won’t lose any value in today’s hard currencies, and they will be tricked and soothed into believing that the price of gold is going up if they only look at its U.S. dollar price. Investors, however, who want to speculate in the rise of value of hard assets, I believe, need to change their thinking and to revise a definition.

For most of the last 26 centuries almost all of the world has followed the lead of the ancient Greek city states of the Aegean Sea region and made it a state monopoly to issue specified weights of certain metals: first gold and silver alloys; and then, as metallurgy improved, gold and silver individually; and then copper and copper alloys, as mediums of exchange with intrinsic value.

Note that the money changers in the Temple courtyard whose tables were overthrown were not Wall Street bankers; they were men who claimed to know the true weight of Athenian silver “Owls” and would give you the equivalent in weights of silver, gold or copper metals, minus a fee of course, in the coins of Rome or Judea.

This system survived, more or less intact, until the early 20th century when the first industrial revolution swept out of Europe to America and slowly thereafter to the rest of the world. The significance of the rapid spread of the industrial revolution was that the need for money overwhelmed the supplies of gold and silver, so that fiat currency came into the ascendant. The world’s most prominent grouping, the British Empire, went off the gold standard after the disastrous disruption of the world economy called the Great War. The United States, the actual world’s richest individual nation, went exuberantly into its “Roaring Twenties” and then crashed into a massive deflation and also went off the gold standard.

All of these events were three generations ago, and today we all take it for granted that the central banks of the U.S. and Europe, as well as of Asia, exist solely to regulate money supplies. Gold bugs make me laugh when they talk about the supply of gold being affected by a European central bank selling a few hundred tonnes; they do not want to see that central banks are not creating money by selling gold. They are raising money in place of a non-monetary asset which may have appreciated or may be losing its value. The supply of gold is today the newly mined gold produced annually in the world. Since no one “needs” this gold either for industrial purposes or to back their currency, it is more and more impossible to speak of a demand for gold as any different from the demand for jewellery - which is elastic, to say the least.

Let me re-iterate that although they were for a very long time items of intrinsic value which had been monetized so that not accepting them in exchange for goods in the market place was a crime, in the 21st century, however, gold and silver, or, at least, gold have become stores of value while a new paradigm has entered the hard assets arena: A hard metal asset is now one which has a strategic or critical value to industry. Most of the world’s new “hard” currencies, such as the Canadian dollar, the Australian dollar and the Chinese Yuan, are in fact resource-based, and the difference in acceptance between them and the non-resource based American dollar is becoming more favourable to the resource based currencies daily. That is one of the things that the chart above tells us.

The differences - strategic or critical or both - for metals are an important distinction, which investors must note, so here are some working definitions:

• A strategic metal is one that gives an item manufactured from it the most value for the least cost; it may be substituted with a cheaper metal only when the total economic cost of the substitution is less. For example, during World War II, when a huge amount of electrical wiring was needed for the Hanford Washington Facility being built to separate fissionable material for weapons, the Manhattan Project was confronted with a crisis; copper, as brass, was critical to the war effort; small arms ammunition as well as some larger calibre types, could only be produced efficiently in the volumes needed from brass. Therefore the Manhattan Project requisitioned thousands of tonnes of silver, a better electrical conductor when pure than copper, but useless in building ammunition (pace: The Lone Ranger), and proving useless in wartime. The silver was returned to the treasury after the war as Hanford was rewired with a small portion of the huge immediate post-war beating of swords into ploughshares, cars, refrigerators, radios, household plumbing and electric wire for all those new appliances and homes and cars. Note that when the dollar fell to the point that the cost of the silver in a coin exceeded the stated denomination of the coin, silver vanished forever from American circulating coinage for which its value would need to fixed against that of the dollar (1964).

• A critical metal is simply one without which an industrial process cannot today function, and which is or can be made available in sufficient quantity so that it can be used commercially, and for which no economical substitute today exists.

For example, rhodium is critical to the reduction of acid forming nitrogen oxides to harmless nitrogen in automotive emission control catalytic converters. Another example is indium. In the form of indium tin oxide, it is the best and it is universally used to make the transparent conductive film which allows flat screen LCDs to function. The National Academies, in two reports discussed by me on this website last October, named the critical metals for American industry and America’s 21st century military. These reports, plus some critical commentary, some of it by me on Resource Investor, make required reading for serious long-term investors in metals and minerals.

“The times, they are a changin’,” Bob Dylan sang, and he was and is right, not only about civil rights but also about economics.
The precious metals of our time are not those of the past - no matter how long and glorious a past it may have been. The precious metals of our time are the so-called minor metals that are strategic and critical to our industrial civilization and our standard of living.

Iron is not a precious metal or a critical metal, but it is a strategic metal. Its rising price in the 21st century is due to the fact that existing supply cannot keep up with growing demand. There is plenty of economically accessible iron ore, but a factor not normally considered has come into play: time. The free market advocates think in leisurely terms of demand driving the growth of new supply. They fail to account for the fact that if the demand occurs in a short time, then some existing users or uses must give way to the highest bidder for the fixed amounts available in the short term. Mines, at least in the capitalist world, are not developed to sit idle as inventory management devices; this is far too expensive a proposition for a free market economy.

The strategic nature of iron ore will become apparent to all as more and more of the supplies to make its most common alloy, steel, are diverted to Asia; the price of iron (steel)-dependent durable goods in America will continue to rise as a result of Asian demand and not of American demand; this is a first for America. But since there is no cheaper material from which to build the structure of cars and other durable items, there is no way out of the price increases.

The key critical metals for investors to follow are those minor metals, which are only produced as by-products and for which the uses are dissipative. This last word means that once the metal is used, it is not economical to recover it by recycling.

As an aside I need to point out is that a great many businesses have come and gone in the last 50 years based on recycling first military, then industrial, and finally consumer electronics. All of these businesses were predicated on recovering gold, silver, platinum and palladium widely used at the beginning of the industrial electronics era to ensure constant conductivity and provide resistance to corrosion. These stores of precious metals materials have now been exhausted and promoters who tell you of using low-cost Chinese labour to hand sort electronic components either for extracting gold or for re-use are mostly just trying to steal your money. I well remember the gleam of the gold over plating on Soviet-era missile electronics being scrapped at a facility in France; that gleam was overshadowed only by the gleam in the eyes of the managers of the facility as they watched the unaccounted for gold bars stream out in the night to a destination on a lake in the Swiss Alps; those days are gone. I’m telling you this story to illustrate that even gold once had an industrial use and, therefore, value, which has gone away. It is too expensive and too easily substituted by cheaper materials or dramatically reduced in use volume by new technologies to have any remaining industrial value that could drive its price.

Unfortunately for teenagers, the minor metals, which are now critical to the production of electronic devices, are used mostly in such small quantities per device that recovering the metals through recycling is at best prohibitively expensive and more likely simply impossible economically and technologically.
This means that many minor metals are literally used up in production. When you look at which of those are also produced only as by-products you get a list of truly precious metals.

Here is a brief list, in alphabetical order, of genuinely precious metals, which are used up in manufacturing small electronic devices. Note that only selenium and tellurium production approach 100 tonnes per year; the rest top out at 50 tonnes. The total global production of the six metals listed below is around one-eighth of the total production of gold annually:
• Gallium, a by-product of aluminium mining
• Germanium, a by-product of zinc mining
• Indium, a by-product of zinc mining
• Ruthenium, a by-product of platinum mining
• Selenium, a by-product of copper, and to a lesser extent of gold and platinum, mining
• Tellurium, a by-product of copper, and to a lesser extent of gold and platinum, mining

Imagine that you had bought these metals in 2002 and had physical possession of them, or, better, had them held for you and safeguarded as to purity in a bonded warehouse. Also imagine, please, always, that there is a willing buyer for these materials at the prices quoted on the sites such as the one named above, you would then be far better off today financially than if you had bought gold in the same circumstances. If you are an industrial-end user, imagine how your balance sheet could look if you had had a long range strategy which allowed you to hedge your future needs with off-take agreements with the primary producers. Which then are the precious metals, and which then are the hard assets of our time?

I will continue this analysis of the new hard assets in the future with: structural minor metals, such as molybdenum, tungsten, chromium, manganese, magnesium, titanium and vanadium, and power minor metals, such as the rare earths, cobalt, lithium, zirconium, hafnium, uranium, and what I think is the first new minor metal hard asset that the true value of which has only been recognized in the 21st century, thorium.
http://www.resourceinvestor.com/pebble.asp?relid=39820

[tommy-hl]

Der “Barker Letter” ist in seiner Januar-Ausgabe bullish in Bezug auf Eisenerz und erwähnt in diesem Zusammenhang gegenüber seinen Abonnenten unsere Northland Resources.

Viel Spaß beim Lesen ...

tommy


R. word spooks markets. Will metals prove immune?
January, 2008

Greetings investors.

There’s a wall of worry building south of the 49th parallel.
Nor is it without foundation. There really are tangible signs that the U.S. is running out of fingers to stick into the dyke. Bush’s tax relief package could be the last pinky left.

Here’s the good news: I think that metals, energy and resource shares can and will weather a bear market in the U.S. due to brisk demand overseas. In fact, just last week while I was lamenting the lack of rosy 2008 market forecasts by the major mining companies (like we had late in ‘06), I saw a report by Rio Tinto stating that metals demand will keep percolating along right through ‘08.

Credit Suisse quickly jumped on the bandwagon, citing its own numbers to prove the year will end with a severe shortfall of iron ore. (Note: Have a look at near term iron ore producer Northland Resources trading as NAU.TSX-V). So that bodes well for steel.

Ende 2007 schrieb er: The point is this: Iron ore and steel making are good businesses right now, and going forward! It’s why I’m in favour of iron ore start ups like Northland Resources which has an impressive suite of projects in Scandinavia.

One of those is the 100% owned Hannukainen iron-copper-gold project in Finland, where Northland plans to collect a bulk sample for the purpose of metallurgical testing. Metallurgy is one of the final stages of feasibility, and suggests the project is well advanced.

Check them out. The stock is just $3 Cdn per share!

Though I’m obviously not a doomsdayist, I don’t think we’ll see runaway stock prices for miners this year except - and this point cannot be understated - those that are currently undervalued and have really good projects in their portfolios.

By really good, I mean really high reserves or near reserves and really low projected operating costs!

That means research is the key word going into ‘08. Be stingier with your investment dollars, more selective, more discerning, more patient, and more willing to do research.

In the meantime, hang onto your energy and precious metals shares.
Kb

[tommy-hl]

Doug Casey vom “Intelligent Speculator” sieht kurzfristig Basismetalle nicht so aussichtsreich, dafür aber mittel- bis langfristig gute Chancen für Basismetalle.

Aber in Northland Resources sieht er ein gutes Investment. Nachfolgend die gekürzte Fassung (weil er über eine Goldmine ausführlich spricht)

tommy

A lot of good Canadian mining stocks will probably take a short term hit, says this U.S. advisory, but one gold stock gets a thumbs up.

2008, Jan. 24 - Base metals have had a long, strong run, but is it coming to an end? The answer is probably yes, in the short term at least, says a U.S. market letter that specializes in Canadian mining stocks, Doug Casey’s International Speculator.

Base metals, of course, are the non-precious metals — copper, zinc, nickel, iron, and so forth. But they have yielded a precious vein of profits for investors over the past few years.

Still, says Mr. Casey, the evidence is mounting that a correction in base metals may be imminent. It is just about time to take some profits in these stocks, especially copper and zinc. At the same time. Mr. Casey has a buy recommendation for a miner of precious metals, a gold stock.

Playing games with supplies
The prospects for base metals are certainly not all bad. But Mr. Casey reminds his readers that he has been sounding a cautious note on base metals for many months now. There are a couple of reasons for this.
“The first has to do with the impact that any serious unraveling of the world’s financial core would have on demand,” says the editor. “The second has to do with supply. Simply, with the prices of many base metals now running at, or near, historic highs, the incentive is strong for producers to ramp things up, with new mines, expansions to already producing mines, and new circuits on existing mills.”

The editor cites a leading analyst, Mr. Frank Veneroso, as the chief source for another concern: that hedge funds might be “playing games with supplies, in effect stashing the physical metals in non-reporting warehouses in order to manipulate the price first one way, then, perhaps, another.”

There are arguments for continued prosperity as well. Number one among these is the oft-mentioned demand for base metals from China and India and other emerging markets. Combined with this is the inelasticity in supply caused by the long lead time required to bring a new mine into production.

Then there is what Mr. Casey calls the “unproven theory” that the major mining companies, taking a page out of OPEC’s playbook, will manipulate supplies more astutely against demand in the future.
There’s one more bearish argument that hasn’t gotten much play recently ... namely, that the increased demand in China over the last decade simply reflects a shift in production to that country from the West — and therefore little net gain in global demand. There’s also the substitution factor, the tendency of manufacturers to cut costs with cheaper materials (aluminum over copper, for instance).

Back on the bullish side, 168 power plants are in various stages of construction in China, which means new connections to homes and factories which use lots of base metals. As do the lifestyle products demanded by the rising Chinese middle class. New car sales are up 26 per cent year over year.

Mr. Market looks over the horizon
So how do all these minuses and pluses add up? There’s good news in the long haul, not-so-good news in the short run.
“We think the medium- to longer-term outlook for base metals is positive, at least in a historical context,” says Mr. Casey. “However, until we see how the global economy weathers the building storm, and see confirmation that the large base metal producers are indeed doing a better job at managing supply than in previous feast-until-famine cycle, price has to be our overarching concern in the short term.”

Consider the tremendous run of base metal prices over five years — copper up 562 per cent, nickel up 487 per cent, zinc up 474 per cent.

This price explosion prompts an analogy that sounds a bit like a bedtime story: “Of course, trees don’t grow on the moon and so, in time, the increased prices will inevitably drive supply to the point where Mr. Market can look over the horizon and see it catching up with demand.”

Case in point: over 60 days, nickel inventories have risen by 38 per cent. The price of the metal has fallen 37 per cent.
Under the circumstances, asks Mr. Casey, should we rush to sell our base metal stocks? The answer is: don’t be in a hurry, but be prepared to sell.

A second bite at the apple
A survey of the London Metals Exchange (LME) shows that there is reason to be cautious, but not dismayed. There is no immediate cause for alarm for copper and zinc, says the editor (unless the hedge funds really do dump tons of metals on the market in an attempt to crush prices and reap unseemly profits).

If you are holding one of the many base metal stocks that have done well, the question is how to lock in your gains before things deteriorate. Mr. Casey asserts that “we are very comfortable exiting our highly appreciated base metal plays ahead of the crowd. The alternative — being late to the exits — is to risk giving back some serious profits ... and in a hurry.”

The Intelligent Speculator is exiting most of its copper and zinc positions, but not in a fire-sale fashion. Mr. Casey’s strategy is as follows:

“Being excellent companies, most of them have projects that will still work, even at much lower metal prices.” That won’t stop them from taking it on the chin if the market does correct, he adds, “so we’ll be looking to sell gently into the market over the coming weeks — and then buy back for a second bite at the apple when the correction has everyone convinced that the bull market for base metals is over.”

Mr. Casey urges investors “not to simply hit the bid and trash the share prices. Bide your time, make the most of the impending news releases, and get out with as much profit as you can.”

The companies he is exiting, patiently, are: Altius Minerals, Global Copper Corp., International Barytex Resources, Lundin Mining, Northern Peru Copper and Northland Resources.

One key strategy, he notes, is to look for good news in the press releases to perk up trading, then sell into volume. Closing down positions, as Mr. Casey says, does not mean abandoning these mines forever. When base metals rise again, tomorrow’s winners will probably look pretty much like today’s.

source: International Speculator

[tommy-hl]

Steigende Preise für Eisenerz ... gut für Northland Resources ...

Eisenerz-Preise für länger laufende Verträge sind jetzt schon (vor Verhandlungen über Preissteigerungen für 2008) über 100 USD …

BHP in iron ore supply pact with China's Baosteel

SYDNEY, Jan 30 (Reuters) - BHP Billiton Ltd/Plc said on WedNesday it had signed an agreement to supply China's Baoshan Iron & Steel Co (Baosteel) with iron ore.

"With this new contract, Baosteel will be supplied with 10 million tonnes of iron ore each year for 10 years at a price to be mutually agreed each year," BHP said in an e-mailed statement.
The first shipment under the new contract, also signed by BHP's joint venture partners in iron ore mining -- Itochu Minerals & Energy of Australia, Mitsui-Itochu Iron and Mitsui Iron Ore Corp.is scheduled for April 2008, it said.
BHP's share is 85 percent.

"This is a significant quantity of iron ore and highlights our interest in keeping pace with high demand in China during a time when supply is tight," BHP Billiton's president of marketing, Tom Schutte, said in the statement.

BHP and other miners are locked in talks with steel mills over this year's ore prices and tonnages, which cover shipments between April 1, 2008 and March 31, 2009.

Forecasts for another year of supply shortfalls and Asia's hunger for steel support arguments for a price rise, according to analysts.

Spot iron ore prices rose 140 percent last year, with the differential between contract prices, where most ore is sold, exceeding $100 a tonne.
Credit Suisse estimates iron ore price hikes could be as much as 55 percent, adding hundreds of millions of dollars to BHP's cash-flow.

BHP is the world's third largest iro ore producer behind Brazil's Vale and Rio Tinto Ltd/Plc. BHP has proposed a merger with Rio Tinto, in part to control most of the mining operations in Australia's Pilbara region, the world's single largest iron ore deposit.
Rio has so far rebuffed the proposal. (Reporting by James Regan)
http://www.reuters.com



Die Preise für Eisenerz werden die Markterwartungen deutlich übersteigen ...

Iron-ore prices to exceed market expectation ‘significantly’, says Lehman

By: Martin Creamer
Published: 25 Jan 08 - 0:00

Iron-ore prices are expected to exceed market expectations “significantly”, equity researcher Lehman Brothers says in a 2008 outlook.

Markets for most metals, and also coal, should remain tight this year, Lehman adds.

While a deceleration in global growth is likely to lead to a slowdown in demand growth for most commodities, this will not be so for most metals.

“We do not see significant downside to prices from current levels,” Lehman reports.

China, which “matters most”, will remain hungry for metals and bulk commodities, even with a weaker US economy.
Simultaneously growing in commodity-consumption importance are India, the Middle East and several other emerging economies.

Supply-side problems remain with supply bottle- necks especially in “resource-constrained” commodities, such as copper and high-quality, high-grade iron-ore.

Marginal costs of production, which in this cycle have increased by more than 100%, are likely to support the prices of other commodities, Lehman says.

While global consumption of most metals and bulk commodities has, in the past five years, skyrocketed, lack of available supply has limited global consumption of copper, nickel and iron-ore.

Lehman puts this down to a long list of noncyclical factors, including depletion of high-quality resources in low-risk regions of the world, geopolitical challenges, more stringent regulations, tougher permitting review processes and shortages of labour, equipment, water, energy and other raw materials.
http://www.miningweekly.co.za

[tommy-hl]

.
Neue Kaufempfehlung für Northland Resources:

BUY Recommendation for Northland Resources (present share price NOK 15.2)

Main facts
- Strong iron market outlook and high sector profitability
- Production start expected in 2010 with significant profits from 2011
- Attractive risk-reward for an exploration company

Three iron ore projects in northern Sweden and Finland Northland
Resources is developing three iron ore prospects in northern Sweden and Finland. We see no political risk as local government is very positive about new employment opportunities. A USD 1,150m investment programme is expected to result in about 13m tonnes of annual production, bringing Northland Resources to about 55% of LKAB's capacity (The other Swedish producer of iron ore).

Booming iron market - strong price outlook
Iron demand is expected to grow about 8% annually until 2010, compared to 7% expected production growth in 2008. Global demand is largely driven by China and India, with China expected to represent 54% of global consumption in 2010.

Analysts are discounting a significant iron price hike for 2008, up 30-40% (with upside) from 2007 to about USD 130 per metric tonne. We estimate opex (excluding depreciation) of USD 70-80 per tonne in 2012-2013, so the margin outlook for Northland Resources is excellent.

Exploration is risky, but Northland Resources is attractive
Though Northern Resources is an exploration company it has a relatively strong balance sheet, with net cash per share of NOK 7 at the end of Q3 2007.

Our DCF valuation returns a share value of NOK 44 for the iron ore projects, while the Barsele gold project has a NOK 2.00 fair value when applying mid-tier resource multiples, implying that the market discounts a 30-35% likelihood of upstart given our valuation. There are few pure-play iron investment opportunities, so Northland Resources offers excellent exposure to a high-growth market.

We initiate coverage with a BUY rating and a 12-month target price of NOK 45 (about 200% upside).
Analyses of 29-01-2008/ac

PS: Kursziel NOK 45 = 5,50 EUR
Es handelt sich um ein weiteres Investmenthaus aus dem nordeuropäischen Raum, dessen Namen ich aus urheberrechtlichen Gründen nicht nennen kann.

Durch die Teilnahme an der Vancouver Resource Conference ist wird Northland immer bekannter. Einige Börsenbriefe haben jetzt Northland aufgenommen und jetzt auch eine neues Analystenhaus.

Der "Eisenerz-Zug" rollt an und nimmt langsam Fahrt auf ...
Wer noch nicht investiert ist, sollte den Anschluss nicht verpassen ...

tommy

[CaptainBizeps]

Yo, Zielkurs auf 12 Monate das 3fache von heutigem Schlußkurs, das sagt wohl alles.

[KingKong2]

Schöne Umsätze (und Kurse) heute an der Börse Oslo

[tommy-hl]

.
Kontakt mit Northland Resources

Gestern hatte ich wieder Kontakt mit Northland Resources und kann hier das Wichtigste in Kürze wiedergeben:

- Northland Resources ist seit einiger Zeit dabei, die Company neuen Analysten und institutionellen Anlegern bekannt zu machen.

- Das Management von Northland Resources sieht in der Gewinnung von neuen Analysten, die die Company covern, die beste und effektivste PR.

- Es konnte jetzt ein neues Analystenhaus gewonnen werden, die ab sofort Northland Resources covern. Den Namen darf ich jetzt auch bekannt geben, es handelt sich um Svenska Handelsbanken in Schweden. Die neue Kaufstudie wurde gestern den Kunden präsentiert. Die Auswirkungen sehen wir heute: Aktienkurs plus 6% in Oslo!

- Auf der Vancouver Resource Conference im Januar wurden neue Kontakte geknüpft.

- So konnte beispielsweise die Investmentbank Canaccord positiv auf Northland Resources eingestimmt werden.

- Mit zwei nordamerikanischen Investmenthäusern wurde in Vancouver für die kommenden Monate Treffen für tiefer gehende Gespräche vereinbart. Die Analysten dieser beiden Investmenthäuser zeigten sich schon im Vorfeld sehr interessiert und es besteht die große Chance, dass hier weitere Kaufstudien entstehen werden, die neue Aktionäre anlocken werden.

- Wegen der Finanzierung der Projekte ist man mit mehreren Banken aktuell im Gespräch. Die meisten Banken davon haben von sich aus Northland Resources angesprochen! Von einer Kreditkrise ist bei diesen Gesprächen nichts zu erkennen!

- Scoping und Machbarkeitsstudien sind in Arbeit.

- Weitere Bohrergebnisse und damit eine Vergrößerung der Ressourcen werden in 2008 veröffentlicht.

- Es wird in 2008 einen permanenten news flow geben.

Das Management hinterlässt einen Spitzeneindruck und geht sehr professionell vor. All diese Maßnahmen werden den Aktienkurs von Northland Resources nicht nur stützen, sondern durch die Gewinnung neuer Analysten werden auch immer mehr Investoren in diese Story hinein gezogen.

Vermutlich haben wir die Tiefstkurse hinter uns gelassen! Die Story „Northland Resources“ beginnt sich zu entwickeln … Ich bin sehr bullish für die Zukunft gestimmt ...

tommy

[tommy-hl]

Re: News Release - Friday, February 01, 2008
Title: Northland Appoints Scoping Study Manager

--------------------------------------------------------------------------------
Vancouver, February 1, 2008: Northland Resources Inc. is pleased to announce that it has appointed Wardell Armstrong International ("WAI") to complete a scoping study on its iron ore projects in Sweden and Finland. Atkins, appointed by Northland in November 2007, provided advice on selection of WAI as engineering consultants for the scoping study and will manage all of the activities required to take the projects forward to implementation (see new release dated Nov. 27, 2007).

Northland is working to develop three magnetite deposits -Stora Sahavaara and Tapuli in Sweden and Hannukainen in Finland- with associated beneficiation plants. The development of the three deposits will take place in several stages. The first phase is well underway and much of the early metallurgical test work has been completed, and environmental studies and permitting are well underway. The next step is the completion of the Scoping Study for the project. The objectives of the Scoping Study will be to:


Consolidate the conclusions of previous studies into a single study;
Provide an indication of the financial and technical viability of the project;
Identify and evaluate alternative development options;
Determine the basis of design and main parameters for the trade-off studies and definitive feasibility study; and
Confirm the timeframe for delivery of the project.

Buck Morrow, the President of Northland, commented: "I am delighted to bring WAI on board to complete the scoping study work for us. This study is a vital step toward demonstrating the economic feasibility of our iron projects and we're pleased to have their technical expertise available at this early stage."

WAI has been providing the mineral industry with specialized geological, mining, processing, and environment, health and safety expertise since 1987, initially as an independent company, but from 1999 as part of the Wardell Armstrong Group. They have worldwide experience and the WA Group covers the metalliferous mining, coal, ferrous and industrial minerals sectors. WAI has a strong client list that includes companies and organizations from the private and public sectors as well as many of the major lending institutions. In addition, WAI has been involved in a number of AIM and Full London stock exchange listings.

Atkins plans, designs and enables the delivery of complex infrastructure and buildings for clients in the public and private sectors across the world. Atkins is the largest multi-disciplinary consultancy in Europe; the largest engineering consultancy in the UK; and the third largest design firm in the world. Additional information can be found on their website at www.atkinsglobal.com.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

"Buck Morrow"
NORTHLAND RESOURCES INC.

[tommy-hl]

.
Tja, die Chinesen mögen es garnicht, wenn die Lieferungen für Eisenerz um 10% reduziert werden ...

Und mit 185 USD/t können wir doch wunderbar leben ...


China Iron and Steel Association Protests Long-Term Iron Ore Supply Cut

By Ida Chen
01 Feb 2008 at 08:23 AM GMT-05:00


SHANGHAI (Interfax-China) -- The China Iron and Steel Association (CISA) is against Rio Tinto's recent move to cut long-term iron ore shipments to Chinese steel mills by 10%, state media quoted a senior CISA official as saying at a press conference yesterday.

CISA secretary general Luo Bingsheng said that Chinese steel mills recently received written notices from Rio Tinto [NYSE:RTP; LSE:RIO] stating that, in accordance with contract stipulations, iron ore shipments under current long-term contracts will be cut by 10% due to a force majeure, according to Shanghai Securities Journal

Luo said that iron ore suppliers should live up to their commitments to Chinese steel mills and stick to international iron ore trading practices.

"According to our investigations, some iron ore miners have cut iron ore shipments to Chinese steel mills to under 90% of contracted amounts under this term's prices. We firmly oppose such a move and will take appropriate response measures," Luo said.

Steel mills, including Tangshan Iron and Steel Group (Tanggang), recently received notice from Rio Tinto stating that the company will postpone long-term iron ore contract deliveries due to hurricanes. The notice did not specify how long it will take to resume normal deliveries, Interfax previously reported in early January.

However, Beijing Umetal analyst, Du Wei, told Interfax yesterday that regardless of whether Rio Tinto's move is the result of a force majeure or simply a ploy intended to pressure Chinese steel mills in the current iron ore price negotiations, supply to China's domestic iron ore market will tighten as a result.

"Rio is increasing spot iron ore sales to Chinese customers to make up for the 10% cut from long-term contracted supplies. However, the CIF spot prices it is offering at present are not particularly attractive to Chinese steel mills," Du said.

Chinese steel mills usually complete winter iron ore stockpiling before the Chinese New Year holiday, which reduces domestic spot iron ore prices, Du said.

Recent falling freight rates and reduced shipments from overseas miners due to force majeures have also encouraged easing spot prices.

The CIF price for Indian grade 63.5% iron ore fell from $190 per tonne on Jan. 24 to $185 per tonne yesterday.
www.resourceinvestor.com

[tommy-hl]

.
Da wir ja hier hauptsächlich mit dem Thema "Eisenerz" beschäftigt sind, mal folgende Frage:

Hat sich hier jemand in diesem thread mal mit Cardero Resources beschäftigt und kann zu diesem Explorer Aussagen machen (Fakten, Hintergründe, Meinungen)?

Cardero soll Eisenerz-Gebiete in Peru haben. Habe ansonsten leider keine Infos ...

Danke für evtl. hilfreiche Infos + Kommentare ...

tommy

[e_type1]

Antwort auf Beitrag Nr.: 33.247.285 von tommy-hl am 02.02.08 12:22:39

da neono diesen sräd hier eröffnet hat, und auch den cardero sräd, gibt es hier einige die sich mit cardero beschäftigen.

schau als einstieg doch mal hier rein

http://www.resourcemedia.de/cdu.php

[e_type1]

Antwort auf Beitrag Nr.: 33.247.360 von e_type1 am 02.02.08 12:33:05

wenn dann noch fragen offen sind, einfach freundlich im cdu-sräd anfragen, da wird dir geholfen.

[Neono]

Antwort auf Beitrag Nr.: 33.247.285 von tommy-hl am 02.02.08 12:22:39

Das Projekt hat den netten Namen \"Pampa de Pongo\" und wurde ursprünglich von Rio Tinto entdeckt.

1 Milliarde Tonnen 43-101 konform mit rund 45% Eisen und 0,2% Kupfer. Das Projekt liegt ca. 250m hoch und nur 45km von 2 Tiefseehäfen entfernt. Einer dieser Tiefseehäfen (San Nicolas) verfügt bereits über Eisenerzverladeeinrichtungen und wird von Shougang genutzt. Die betreiben in der gleichen Region die Marcona Mine. Tragfähige Strassen (Trans-American-Highway) und eine Power-Line führen direkt am Projekt vorbei. Eine Gaspipeline wird derzeit von der Regierung in die Region gebaut.

Cardero hat vor wenigen Wochen SRK Consulting mit einer Scoping Studie beauftragt. Beginnend im Februar wird die Resource mit einem Bohrprogramm auf indicated und measured resources upgegradet. Danach wird sich Cardero auf die Suche nach einem zahlungskräftigen Partner begeben, bzw. mit jetzt schon interessierten Parteien verhandeln.

Vor allem die Lage macht das Projekt so unschlagbar günstig. Transportkosten spielen bei Bulk Commodities die wichtigste Rolle. Jeder kann sich selbst ausdenken, wie die Transportkosten in den letzten Jahren gestiegen sind und wie sie in Zukunft ansteigen werden. Es ist also ein enormer Unterschied, ob ich einen Zug mit 200 Waggons 45km weit schicken muss, oder 500km. Das wird am Ende meiner Ansicht nach dieses Projekt zu einer Mine machen.

Geologisch gesehen ist dort kein Risiko mehr vorhanden. Der Erzkörper ist durch ausreichend Bohrungen nachgewiesen und immer noch offen nach allen Richtungen. Das zusätzliche Kupfer macht die Sache noch attraktiver. Die Mineralisierung beginnt ab einer Tiefe von 56m. Cardero plant eine Untertageproduktion im sogenannten Block-Caving-Verfahren.



Nicht weit davon entfernt hat Cardero ein zweites Eisenerzprojekt. Dort sind gigantsiche Sanddünen, die mit rund 5 - 6% Eisenerz \"vermischt\" sind. Auf der ausgewählten Fläche und bis in eine Tiefe von 60m hat Cardero rund 100mio Tonnen Eisenerz mit erheblichen Titan- und Vanadiumanteilen identifiziert. Dort wird eine Pig-Iron, Titan und Vanadium Produktion angestrebt. Alle bisherigen metallurgischen Tests (durch Midrex) waren bisher erfolgreich.

Für beide Projekte hat sich Cardero Glenn Hoffmann als Projektmanager geholt. Glenn war rund 30 Jahre für Midrex, einer Tochter von Kobesteel, in der Entwicklungsabteilung tätig. Er besitzt zig Patente zur Verarbeitung von unterschiedlichen Metallen und ist eine anerkannte Kapazität in dieser Industrie.

Neono

[tommy-hl]

Antwort auf Beitrag Nr.: 33.247.445 von Neono am 02.02.08 12:50:13

@ e_type1 und Neono

Danke für die Infos ... Das ging ja schnell ...

So wie sich das anhört, lohnt es sich, da mal etwas tiefer zu recherchieren.

"Eisenerz" ist ohnehin einer meiner Favoriten ...

Gruß

tommy

[supernova1712]

Antwort auf Beitrag Nr.: 33.247.445 von Neono am 02.02.08 12:50:13

Kann jemand in wenigen Worten die Chancen und Risiken von Cardero im Vergleich zu Northland beschreiben? Welche Aktie würdet Ihr vorziehen - und warum?

[tommy-hl]

.
Strategische Perspektiven Jan. 2008

Wir halten es unverändert für richtig, Goldproduzenten oder Gold – Zertifikate im Depot zu haben, würden aber auch bei Gold nicht zu viel auf eine Karte setzen.

Der aus unserer Sicht interessanteste Rohstoff ist derzeit Eisenerz. J.P. Morgan erwartet bei Erzen eine Preissteigerung im heurigen Jahr von nicht weniger als 35 %.

http://www.privatconsult.at/Content.Node/download/Strategisc…

[tommy-hl]

Antwort auf Beitrag Nr.: 33.248.499 von supernova1712 am 02.02.08 17:14:50

Mit wenigen Worten ist das nicht möglich! Nachfolgend mal ein erster und oberflächlicher Vergleich aus der Sicht eines Langfrist-Investors:

Vergleich zwischen Cardero Res. + Northland Resources
Resource Eisenerz
Measured NI 43-101.................................. 130 Mio. t
Indicated NI 43-101 ................................... 77 Mio. t
Inferred NI 43-101 ...... 953 Mio. t ............. 224 Mio. t
----------------------------------------------------------------------------
Gesamt: ..................................................... 431 Mio. t
Anteil Eisengehalt ca. 44 % ……………….. 35-43 %

Minenbetrieb: ……….Untertage ……………Tagebau
Infrastruktur erforderl: 45 km Schienen …. Max. 20 km Schienen
Hafenanschluss: ……. vorhanden ……….. vorhanden
Länderrisiko: ……….. mittel ……………….. ohne Risiko
Aktienstückzahl: …… 54,1 Mio. …………… 120 Mio.
Marktkapitalisierung: .50 Mio. EUR ……..… 227 Mio. EUR
Produktionsbeginn ca: 2011 (?) …………… 2010-Q 1
Cash-Bestand ca.: …… 3 Mio. C$ (?) ……. 140 Mio. C$

Vorteile Northland:
Bereits „measured“ und „indicated“ resources
Kein Länderrisiko
Geringere Produktionskosten durch Tagebau-Betrieb
Gespräche zur Finanzierung laufen bereits
Hoher Cash-Bestand
Früherer Produktionsbeginn

Vorteile Cardero:
Geringere Marktkapitalisierung
Wahrscheinlich größere Ressourcen

Beide verfügen über weitere Projekte, so dass für beide die Chance auf größere Ressourcen besteht.
Beide haben Scoping Studien in Auftrag gegeben.
Die Nebenprodukte, wie z. B. Kupfer habe ich im Vergleich beider Companies nicht bewertet, da bei beiden vorhanden.

Eine Wahl zwischen beiden zu treffen hängt von der persönlichen Einstellung des Einzelnen ab (Risikobereitschaft usw.). Die niedrigeren Produktionskosten bei Northland werden in etwa durch die geringere Marktkapitalisierung kompensiert. Bei Cardero ist allerdings eine Kapitalerhöhung zu erwarten (entweder um die laufenden Kosten zu decken oder um die Beteiligung eines Partners zu ermöglichen), die den späteren Gewinn durch die dann größere Aktienanzahl verwässern würde. Peru ist zwar nicht Bolivien oder Argentinien, trotzdem gilt es das politische Risiko im Auge zu behalten.

Von Northland Resources bin ich persönlich voll überzeugt. Das Management von Northland gehört zur Spitzenklasse. Zum Management von Cardero kann ich zurzeit keine Aussagen treffen, gehe aber davon aus, dass auch die ihr Handwerk verstehen.

Nach einem ersten Einblick bei Cardero bietet sich hier meiner Meinung nach auch eine interessante Investitionsmöglichkeit wenn man an die Story „Eisenerz“ glaubt. Vor allem die niedrige MK ist verlockend. Cardero ist aber nur spekulativeren Investoren zu empfehlen.

Wer auf „Nummer Sicher“ gehen will, ist mit Northland bestens bedient. Cardero könnte ich mir als spekulative Depot-Beimischung vorstellen.

Obige Daten sind nach einer ersten, oberflächlichen Betrachtung erfasst worden und erheben nicht den Anspruch auf Richtigkeit/Vollständigkeit. Die Schlussfolgerungen sind meine persönliche, und damit subjektive Meinung.

… do your own research …

tommy

[tommy-hl]

.
Vergiss Gold und Silber ... investiere lieber in seltene Metalle und Eisenerz als strategisches Inflationssicheres Investment … sagt Jack Lifton

Wer 1980 Gold kaufte, zahlte 847 $. Plus Inflation entspricht das heute 2.228 $. Selbst ein von vielen so „glorifizierter“ und voraus gesagter Preis von 1000 $ für 2008 wäre ein Riesenverlust …


Has Gold Been a Horrible Hedge Against Inflation?
By Jack Lifton - 01 Feb 2008

DETROIT (ResourceInvestor.com) -- Gold hit a new record high price last Monday, January 28, 2008. Had you purchased one ounce of pure gold on Jan. 21, 1980, you would have paid $847.00 for it; in 1980 dollars, or, according to the Wall Street Journal today, an astounding $2,228.60 in inflation adjusted 2008 dollars. Therefore if you had sold on Jan. 28, 2008, the one ounce of pure gold, which you purchased on January 21, 1980, you would have lost in 2008 dollars the sum of $2,228.60 minus $927.10, which equals $1341.50. The interesting part of this calculation is that many gold sellers today are still telling you that you would have made $927.10 minus $847.00, so $80.10.

This kind of illogical trickery and double-speak pervades the so-called precious metal market. Even the sober and conservative WSJ, which gives you the inflation adjusted figure of $2,228.60, for the previous 1980 highest price of gold goes on to tell you: “The precious metal has been a horrible hedge against inflation. To keep pace with inflation going back to 1980, gold futures would need to be above $2,228 today. Believers see that as a sign that gold has a lot of room to rise and predict it will surpass the $1000 mark this year.”

Incredibly the WSJ does not point out that even at $1,000 gold would not even come close to tracking, much less alleviating the cost of, inflation over the last 30 years. The cumulative inflation rate of the U.S. dollar since January 21, 1980, essentially over the last 28 years has been 167%!

These constant discussions and articles about gold and other so-called precious metals as hedges against inflation clearly prove that over the long run they are not any such thing. In dollars as a ‘store of value’ gold cannot hold a candle to most of the ‘minor metals’ or even any of the so-called base, i.e., common, metals.

Investors in natural resources who want to see the result of regarding gold as a ‘store of value’ or as a ‘hedge against inflation’ need only to look at the following chart from today’s Wall Street Journal to see how wrong those ideas and hopes have been.

Now ask yourself, to paraphrase the words of the poet, “What rough beast slouches towards [Washington] waiting to be born?” For natural resources the answer is clearly price inflation from too much money, created in part by making the Fed Funds Rate too low, so that banks can ‘create money’ by borrowing it very cheaply and lending it out at higher rates, chasing the too few domestically produced natural resources, the shortages of which have resulted from, in great part, an anti-mining bias promoted by activist environmentalists who fix their sights on the past and refuse to accept the advances in health and safety that have occurred in the natural resources production sector in the last 30 years.

Since our legislators, finance ‘experts’ and businessmen have systematically ignored the effects of the cornering of natural resources supplies by foreign nations and foreign businesses, which are not subject to the laws of the U.S. with regard to monopolization and price (fixing) controls, the U.S. consumer is about to discover that a rapid inflationary period is well under way, a great part of which is due to the necessity to import natural resources priced in inflating dollars, and that the only way to avoid massive natural resource driven price inflation is to slow down import demand while re-igniting the American natural resource machine.

It was widely publicized two weeks ago that a Wall Street analyst predicted that the great iron ore price squeeze, about which I wrote two weeks ago, would result this year in a 22% rise in the price of steel sheet. Then just a couple of days ago General Motors CFO announced that due to such factors as ‘raw material price increases’ the prices of cars would have to be considerably increased this year.

If American financiers would try to deal with the natural resources price inflation issue by opening their eyes they would find that America could be self-sufficient in iron ore, economically, if they would just observe what the world iron-ore virtual cartel is doing. They might also try to notice that steel producers who own iron mines are not trying to sell them for short-term gain but are holding them as long term strategic risk price and availability management.

America may also need to openly admit to and widen some of the policies of resource nationalism which we in fact practice while our politicians and so-called free market favouring financial pundits hypocritically preach against them. A moratorium on the resource-conservation-by-non-production hypocrisy and its replacement by increased domestic natural resource production and recycling would also help the American economy.

An excellent illustration of the above two points was the attempt just a couple of years ago of the China National Oil Company (CNOOC), a state owned enterprise of the People’s Republic of China, to buy Occidental Petroleum. This would have given CNOOC not only the domestic (as well as foreign) American assets of a first class oil exploration, producer, refiner and distributor, with all of the state-of-the-art oil field technology and access to the domestic American market that it had, but also the assets of Occidental’s wholly owned subsidiary, Molycorp, an owner of producing locations for domestic American molybdenum and rhenium, and of Molycorp’s Mountain Pass, California, rare earth metals mine and mill, which although now shut down due to environmental issues was as recently as 1994 producing 34% of the world’s demand for rare earth metals including 100% of U.S. domestic needs then. The U.S. Congress balked at the sale of OXY to CNOOC for ‘security’ reasons, and a white knight, Chevron, was brought in to keep OXY in ‘domestic’ hands.

Today there is talk of re-opening the Molycorp Mountain Pass rare earth mines and even a nearby molybdenum ore processing mill as two issues coincide:

1. Molybdenum prices are through the roof and continue to rise, mostly on demand for oil field tubular goods for both exploration and production, corrosion resistant cooling systems for retrofitting of existing power plants and fitting of projected new ones, and Asian demand for specialty steels for these and more basic purposes; and

2. The Chinese today are supplying 100% of the global demand for rare earth metals and the demand for them is growing beyond China’s capacity to supply.

Interestingly enough, the very reason that Mountain Pass was shut down, the existence of what are today called ‘power metals’ in its ore tailings, metals such as uranium, thorium and radium, are rapidly becoming a reason to re-open the mines. Ironically a superfund site could become a super site for funding if nuclear power is reborn in America as it appears that it will be.

Yale economist Robert Schiller, who coined the term irrational exuberance, said last year that one way for ordinary people to eliminate the issue of oil price rises would be for them as individuals to buy barrels of oil and/or gasoline now and hold them to use as needed. The point he was making while impractical for an individual with limited investment capital, is in fact a prescription by which the U.S. Federal Government can reign in the costs of natural resources that can be produced domestically.

The U.S. Federal Government could, for example, agree to buy the output of a domestic rare earth mine in U.S. dollars and hold the output in a strategic stockpile and then sell the material preferentially to domestic manufacturers for use in domestic production facilities only. The selling price in U.S. dollars from the government stockpile could reflect only the cost of acquisition and holding charges, in dollars. The American manufacturers using such materials would pay American workers in dollars and would be constrained to sell, as there contribution to using the government’s strategic stockpile, all or some part of their production in the U.S. at prices reflecting their domestic costs of raw materials.

Exported products would of course sell for many more dollars due to the added value, on the world market, of the domestically produced, in dollars, natural resources. This is exactly what has been done in past emergencies due to war including every war and police action since 1917! In part this is still done by the U.S. Department of Defense, but the program needs to be expanded and upgraded with funding and expertise and given a civilian industrial strategic stockpile initiative.

If we add to this stockpile agenda the rule that no scrap containing strategic or critical metals for industry or the military could be exported unless there was clearly no need for it domestically and that the price of the scrap sold in the U.S. could not exceed its dollar value as determined by the selling prices from a national strategic stockpile, which would be the purchaser of last resort, we could hold natural resource inflation in check and create jobs in the U.S. China and India do exactly this with export taxation and allocations favouring domestic customers and while their economies boom our economists call this strategy ‘third world’ economics.

Now, back to gold. The evidence of price and availability shows that in the long term gold and silver are not hedges against inflation.

Gold and silver are also not very good investments when compared with the basic, utilitarian metals, such as copper, lead, zinc, aluminium, tin, iron, yes, iron and nickel; the minor metals, such as cobalt, chromium, gallium, germanium, indium, selenium, tellurium, vanadium, rhenium, rhodium and ruthenium and the rare earth metals, all 16 of them; and the power metals, uranium and, coming very soon, thorium.

Just look at what an investment in molybdenum in 1980 would have done for your net worth. As I recall molybdenum was selling for less than $3.00 per pound in 1980, in 1980 dollars. Today, conservatively, that price is 10 times that number. Therefore while inflation during that 28 years was 167% the price rise of molybdenum was 1,000%, so you would have multiplied your investment in real terms by around 7 times! Imagine if you were compounding!

Interestingly enough the price of iron ore, the basis of our age of steel, in just the last five years has outpaced dollar inflation dramatically, so that if you had invested in iron ore just 5 years ago you might now be set for life.

The coming recession is going to be led by the devaluation of the dollar. The recession will worsen as foreign producers of natural resources such as oil and metals decouple their prices from the U.S. dollar. This is going to literally destroy the ability of domestic producers to control the pricing of durable goods, such as cars and appliances, which are made from steel, and it will make specialty alloys made from imported metals such as cobalt, nickel and tungsten for tool steels and military armour and ammunition much more expensive.

The end result will be a revival of nuclear power to reduce dependence of foreign oil and a slowdown of any rush to electric and hybrid cars as raw materials for batteries, other than lead-acid types, become wildly expensive in dollars.

If you want to hedge your portfolio, therefore, in the near term, against the coming recession invest in American mining and oil companies with proven domestic reserves of accessible resources of energy, metals and minerals. The United States has sufficient domestic resources of oil, gas and coal; nickel and rare earths, iron ore, boron, lithium, copper, lead, zinc, germanium, selenium, tellurium, molybdenum, tungsten, chrome, vanadium, uranium and thorium to be independent of foreign sources of all of these to make all of the materials we need to sustain our way of life and preserve our economy. Also invest in recycling companies, which actually bring the metal values in scrap back to their original forms for re-use. The time for conserving energy and metals by simply not producing them is over. The time for shoring up the dollar is now.

Forget gold and silver. Rhenium, ruthenium and rhodium, gallium, indium, germanium, selenium and tellurium taken all together are produced at a volume of 20%, by weight, globally of the amount of gold mined each year. Metals such as these are truly precious, and are irreplaceable in most of their industrial uses. Look for domestic American producers and recyclers of such metals and invest in them and ask your government to do the same.

Link für den Gold-Chart:
http://online.wsj.com/public/resources/documents/info-flash0…

[e_type1]

Antwort auf Beitrag Nr.: 33.253.992 von tommy-hl am 03.02.08 11:50:09

cardero ist nicht nur eisenerz
und, pdp ist nicht die einzige iron ore property von cdu .

[supernova1712]

Antwort auf Beitrag Nr.: 33.253.992 von tommy-hl am 03.02.08 11:50:09

Herzlichen Dank, Tommy!

[CaptainBizeps]

Tendiere auch zu Northland aber Cadero ist endlich mal wieder etwas interessanter geworden.

Hatte Cadero schon länger auf dem Radar aber da irgendwie nix großartiges passierte, gerade bei ihrem Pampa de Pongo Projekt aber auch bei allen anderen, war ich enttäuscht.
Nun sollen dort aber die Resourcen auf Pampa de Pongo aufgewertet werden, dafür würde sich ein Einstieg schon lohnen, mit einer kleinen Trading Position die man nach der Schätzung wieder glatt stellt. Was danach kommt ob dann wieder lange Funkstille ist, wer weiß aber darum ja nur ne Trading Position.

Aber auch Northland sollte gut laufen, Kursziel auf 12 Monate 45 NOK was ca 5,60€ entspricht also fast das 3fache.

[Neono]

Antwort auf Beitrag Nr.: 33.253.992 von tommy-hl am 03.02.08 11:50:09

Weitestgehend stimme ich Dir zu. Bei genauer Betrachtung hätte ich aber 2 - 3 Anmerkungen/ Fragen.

1. Warum hat Northland nur 20km Transportwege zurückzulegen? Wieviele Schienen sie verlegen müssen, ist relativ wurscht. Falls Du das damit gemeint hast. Northlands Iron Ore ist in der Produktion teurer, da sie weit längere Transportwege zum Hafen zurückzulegen haben (Eisenerzpreise sind FOB). Das ist ein klarer Vorteil für Cardero.

2. NAU hat 120mio Stücke draussen bei 140mio Cash. Wenn CDU auf 120mio Stücke gehen würde, hätten sie rund 100mio Cash (auf aktuellem Kursniveau). Dafür hätte CDU zusätzlich das Newmont JV in Argentinien (kost nix), die Baja (kost a nix) und weitere Projekte in Peru, Chile und Argentinien + die Beteiligungen an ITH und ZINC (aktuell ca. 12mio Dollar). Dafür kostet Cardero ein viertel von NAU, wie von Dir schon angemerkt. Ich sehe da allenfalls einen kleinen Vorteil für Northland.

3. Das Projekt von Cardero ist um ein vielfaches grösser, als alle Projekte von NAU zusammengefasst. Das heisst, dass Cardero unter den gleichen Umständen entweder ein weit höheres Minelife hat, oder weit mehr in der gleichen Zeit produzieren kann. Die Capex pro produzierter Tonne ist zum Beispiel also weitaus niedriger. Auf der anderen Seite haben Eisenerzminen einen hohen Kapitalbedarf für den Betrieb und für die Errichtung. Eine 10 Millionen Tonnen/ Jahr Produktion kostet Dir locker 1,5 Milliarden Dollar. Es gibt da ein tolles Papier von Canaccord, wo einige Firmen miteinander verglichen werden.

4. Cardero hat, ebenso wie Northland, eine Scopingstudie in Auftrag gegeben. Ob Du dafür indicated oder inferred resources hast, ist relativ egal. Frag\' mal bei LKAB nach Resourcen. Die wissen gar nicht, wovon Du redest. Solltest Du das dennoch als den grossen Unterschied beurteilen, dann hat sich das in spätesten 9 Monaten egalisiert, während die Scopingstudien annähernd zur gleichen Zeit fertig sein sollten.


Meine Bewertung:
Northlands grösster Vorteil ist der hohe Cashbestand. Der Laden kann ein Jahrzehnt überleben, wenn es eng im Sektor wird. CDU wird die nächsten Tage eine Kapitalerhöhung durchführen. Dieses Cash könnte aber am Ende der alles entscheidende Vorteil für NAU sein.

Vom Prjekt her favorisiere ich Pampa de Pongo klar. Es ist einfach gross genug, um den Eisenerzhunger einer Major Mining Firma, eines Stahlherstellers, oder den Hunger einer Regierung zu sättigen. Eine Mine dort überlebt wahrscheinlich meine Kinder. Bei NAU ist das anders. Entweder es wird eine recht kleine Produktion (zu hohe Capex) oder die Laufzeit der Mine ist zu kurz um die Capex zu rechtfertigen. Ein schlauer Mann (analyst von BMO) sagte mir mal, dass sich Eisenerzminen erst ab 10mio Tonnen/ Jahr rechnen. Sicherlich gibt es da auch Ausnahmen, die müssen aber extreme andere Vorteile haben, wie naher Hafen oder kurze Seewege zu den Hauptverbrauchern (China derzeit und immer mehr in Zukunft).

NAU ist sicherlich keine schlechte Sache. Ich habe etwas zu früh verkauft, aber Simon hat da einen tollen Schachzug mit Pareto gemacht. Hut ab vor dieser Leistung!

Cardero versucht was ähnliches, allerdings in einer anderen Ecke der Welt. So wie Simon Pionierarbeit mit Norwegen leistete, wird Cardero es woanders versuchen. Ob es klappt und dann auch so einschlägt? We will see.

Da Cardero etwas breiter aufgestellt ist und meiner Ansicht nach das bessere Projekt hat, würde ich, als sehr spekulativ ausgerichteter Investor, sie bevorzugen. Ich \"würde\" übrigens nicht nur, sondern mein Depot drückt es auch aus. Wer es a bisserl ruhiger haben will, ist mit NAU sicherlich nicht schlecht beraten. Es ist meiner Meinung nach eine Frage der persönlichen Risikobereitschaft und damit ist auch der Unterschied Europa/ Südamerika ausdrücklich mit gemeint.

Neono

[tommy-hl]

Antwort auf Beitrag Nr.: 33.255.526 von Neono am 03.02.08 18:54:31

@ Neono

Wenn man zwei „gute“ Unternehmen miteinander vergleicht, heißt das nicht, dass das etwas ungünstiger wegkommende Unternehmen „schlecht“ ist. Ich habe nicht behauptet, dass Cardero ein schlechtes Investment ist.

Zu Deinen Fragen:

1. Warum hat Northland nur 20km Transportwege zurückzulegen?

Diese Aussage habe ich nicht getroffen! Die 20 km sind "neu" zu errichtende Schienen bis zum nächsten Eisenbahn-Anschluss. Es geht um „neue“ Infrastruktur.

2. NAU hat 120mio Stücke draussen bei 140mio Cash. Wenn CDU auf 120mio Stücke gehen würde, hätten sie rund 100mio Cash (auf aktuellem Kursniveau).

CDU hat zurzeit 54 Mio. Aktien. Wenn sie auf 120 Mio. gehen, wird doch der künftige Gewinn entsprechend verwässert.

Dafür hätte CDU zusätzlich das Newmont JV in Argentinien (kost nix), die Baja (kost a nix) und weitere Projekte in Peru, Chile und Argentinien …

NAU hat auch weitere Projekte! Z. B.:

Northland Cuts 43% Iron over 53m at Salmivaara, Sweden
Highlights of the new drill results, which support and build on results from 12 historic diamond core
holes completed by the Swedish Geological Survey (SGU), include:
• Hole 07001 42.8% Fe + 0.12% Cu over 52.7m from 15.3m downhole
• Hole 07004 35.5% Fe + 0.10% Cu over 53.9m from 41m downhole
• Hole 07005 46.5% Fe + 0.12% Cu over 49.2m from 97.8m downhole
• Hole 07006 35.3% Fe + 0.12% Cu over 147.3m from 89.9m downhole
Buck Morrow, the President of Northland, said “The successful Salmivaara drill program is a continuation of Northland’s strategy to define combined resources of more than 500 million tonnes of
magnetite at the Company’s iron projects in northern Europe. Our drilling cut substantial magnetite mineralization below the limits of the historical work - a very promising start to our exploration at Salmivaara. We are planning additional drilling this winter to further define the Salmivaara magnetite bodies and will begin metallurgical testwork.”

Ich hatte ja auch geschrieben, dass beide Explorer über weitere Projekte verfügen.

3. Das Projekt von Cardero ist um ein vielfaches grösser, als alle Projekte von NAU zusammengefasst …

NAU geht offiziell von 500 Mio. t Eisenerz aus, weil das Management sehr konservativ in seinen Aussagen ist. Aber hat in internen (noch nicht veröffentlichten) Zielen 1.000 Mio. t Eisenerz als Ressource definiert.


Eine 10 Millionen Tonnen/ Jahr Produktion kostet Dir locker 1,5 Milliarden Dollar.

NAU wird 13 Mio. t p. a. produzieren! Capex lt. Handelsbanken: 1,3 Mrd. C$. Aber nicht von Anfang an, sondern im Laufe des Aufbaues der drei Minen. Über diese Größenordnung wird gerade mit mehreren Banken verhandelt!

Cardero wird in den ersten Jahren mit einem geringeren Volumen produzieren, soweit ich das erkennen konnte. Geringere Produktion = geringerer Umsatz = geringerer Gewinn ...


Noch einmal: Wenn man einen „sehr guten“ mit einem „guten“ Explorer vergleicht, gibt es halt Unterschiede! Der „nur“ gute Explorer ist damit nicht automatisch schlecht!

Ich hatte ja auch geschrieben, dass Cardero sich aufgrund der derzeit niedrigen MK als spekulative Depot-Beimischung eignet. Wäre ich nicht von Cardero und seinem Potenzial überzeugt, hätte ich das nicht geschrieben.

Wer spekulativ eingestellt ist, für den bietet Cardero eine Chance. Wer eine etwas konservativere Investitionsstrategie verfolgt, für den ist Northland die bessere Wahl. Das Länderrisiko spricht für NAU. Schau Dir Venezuela und seine inzwischen zwangsenteigneten Explorer und Minen an! Ich hoffe nur, dass sich Peru von den Versuchen der Kommunisten im Ausland nicht zu sehr beeinflussen lässt ...

Beide Explorer haben ihren Charme …

Und ich überlege, eine kleine Posi in CDU anzulegen ... Werde das dann hier auch posten, der Fairnis wegen ...

tommy

[Neono]

Antwort auf Beitrag Nr.: 33.256.064 von tommy-hl am 03.02.08 20:58:46

Neenee, ich sagte mit keinem Wort, dass hier einer schlecht oder gut ist und auch nicht, dass Du das gesagt haben sollst.

Auch zu den Schienen war ich denke ich unmissverständlich:

Wieviele Schienen sie verlegen müssen, ist relativ wurscht. Falls Du das damit gemeint hast. Northlands Iron Ore ist in der Produktion teurer, da sie weit längere Transportwege zum Hafen zurückzulegen haben (Eisenerzpreise sind FOB). Das ist ein klarer Vorteil für Cardero.

Wie gesagt, wir sind uns weitestgehend einig. Vor allem in der Bewertung der Risiken. Dennoch sollte man tunlichst den langen Transportweg nicht unterschätzen. Das wird in Zukunft eine noch grössere Rolle spielen, wie sich jeder selbst ausmalen kann.

Neono

[tommy-hl]

.
Habe hier noch ein paar Infos zu Cardero Resources

Aus dem MANAGEMENT DISCUSSION AND ANALYSIS REPORT vom 31.01.2008 wird das derzeitige hochgradige Problem des Geldmangels ersichtlich!

Cardero verfügt über wenig Cash und benötigt dringend Geld!
Es wird versucht, einen Joint Venture Partner zu finden.
Das bedeutet, dass Cardero entweder Anteile an den Projekten verliert (womit sich der Wert der Company mindert) oder aber neue Aktien heraus geben muss, die der JV-Partner dann kauft. Mit der größeren Aktien-Stückzahl wird dann ein möglicher Gewinn verwässert.

Sollte es Cardero nicht gelingen, einen JV-Partner zu finden, müsste dann ein Private Placement oder eine Neu-Immission von Aktien über den Markt erfolgen.


Cardero benötigt für 2008 laut eigenen Aussagen folgendes Geld (Schätzung) für folgende Projekte:
500.000 $ Baja/Mexiko
3.000.000 $ Iron Sand/Peru
5.000.000 $ Pampa de Pongo/Peru
800.000 $ Incahuasi/Argentinien
---------------------------------------------
9.300.000 $ Gesamtbedarf allein für 2008

Cardero hatte am 31.12.07 aber nur noch 2.700.000 $

Cardero hat sich Optionen für folgende Projekte gesichert, die mit ständigen An- und Zwischenzahlungen bedient werden müssen, ansonsten verfällt das Recht an diesen Projekten.
Da werden erhebliche weitere Geldmittel benötigt, die nicht vorhanden sind!


Corrales Project

During the quarter, the Company entered into a 5 year lease and option to purchase agreement dated October 23, 2007 with three Mexican individuals pursuant to which the Company has been granted a 5 year lease, with the option to purchase, one exploitation concession (100 hectares), referred to as the “Lolita” property located in the Municipality of Lopez, Chihuahua State. In order to maintain the lease in good standing, and to exercise the option, the Company is required to make aggregate payments of USD 657,000 over five years to October 23, 2012, as follows:

Folgende Zahlungen sind (geleistet) sind noch zu leisten:
USD 24,000 on execution (paid);
USD 18,000 on or before January 23, 2008;
USD 15,000 on or before October 23, 2008;
USD 60,000 on or before October 23, 2009;
USD 90,000 on or before October 23, 2010;
USD 100,000 on or before October 23, 2011; and
USD 350,000 on or before October 23, 2012.


La Poma Silver-Lead Epithermal Project

Pursuant to an agreement dated October 1, 2007 with two Argentinean individuals, the Company has the right to acquire a 100% interest in the La Poma Silver property in Salta province, north-western Argentina. In order to maintain the agreement in good standing and exercise the option, the Company is required to make aggregate payments of USD 1,170,000, as follows:

Am 1. Oktober 2007 hat sich Cardero das Recht an der La Poma Silver Liegenschaft, in der Provinz Salta im Nordwesten Argentiniens gesichert, um es zu 100% zu den folgenden Bedingungen zu erwerben:

Folgende Zahlungen sind (geleistet) sind noch zu leisten:
USD 20,000 within ten days of execution (paid);
USD 100,000 on or before October 1, 2008;
USD 150,000 on or before October 1, 2009;
USD 200,000 on or before October 1, 2010;
USD 350,000 on or before October 1 2011; and
USD 350,000 on or before October 1, 2012.


Mina Azules Property

Pursuant to an option agreement dated August 10, 2007 between the Company and two Argentinean individuals, the Company has the right to acquire a 100% interest in the Mina Azules property, consisting of two minas (exploitation concessions) located in the Santa Catalina Department of Jujuy Province. In order to maintain the agreement in good standing and exercise the option, the Company is required to make aggregate payments of USD 1,410,000, as follows:

Cardero ist im August 2007 eine Vereinbarung eingegangen, um 100% in den Besitz der Mina Azules Liegenschaft in der Jujuy Provinz zu gelangen.

Folgende Zahlungen sind (geleistet) sind noch zu leisten:
USD 20,000 on execution (paid);
USD 50,000 on or before August 10, 2008;
USD 110,000 on or before August 10, 2009;
USD 230,000 on or before February 10, 2010; and
USD 1,000,000 on or before October 10, 2010.


Pampa De Pongo

No work was completed on the Pampa de Pongo Project during the quarter.

The Company has given notice to Rio Tinto that it intends to exercise the option and acquire the property. The required USD 300,000 payment in order to exercise the option will be made on or before January 27, 2008, being the due date.

Cardero hat Rio davon in Kenntniss gesetzt, daß sie die Absicht haben die Option auszuüben, mit der Bezahlung der letzten Rate zum 27. Januar 2008 in Höhe von 300.000 USD.

The Company has initiated a 30,000 metre definition drill program at Pampa de Pongo, which is designed to upgrade the NI 43-101 Inferred Resource to a combination of Indicated and Measured Resource status.

Dieses Bohrprogramm mit anschließendem Gutachten nach NI 43-101 kostet viel Geld!


Pedernales Project

Subsequent to the quarter, on December 27, 2007, the Company entered into an option agreement with a private Chilean company to earn a 100% interest, subject to a 3% net smelter returns royalty, in two mining claims (600 hectares) located in the area of Diego de Almagro, Chanaral province, Third Region of Atacama. In order to maintain the agreement in good standing and exercise the option, the Company is required to make aggregate payments of USD 7,300,000, as follows:

Im Dezember 2007 ist man eine Vereinbarung mit einer chilenischen Firma eingegangen, um sich die Rechte an dem Pedernales Projekt in der Provinz Chanaral in Chile, nahe dem Ort Diego de Almagro zu besorgen. Dafür muss Cardero bis zum Juli 2012 die Summe von 7.3 Millionen bezahlen, und den Eigentümern eine Lizenzgebühr von 3% zugestehen, welche sich auf die beiden Minenkonzession beziehen.

Folgende Zahlungen sind (geleistet) sind noch zu leisten:
USD 20,000 on execution (paid);
USD 20,000 on or before January 4, 2008 (paid)
USD 60,000 on or before January 27, 2008;
USD 200,000 on or before July 31, 2008;
USD 400,000 on or before July 31, 2009;
USD 600,000 on or before July 31, 2010;
USD 1,000,000 on or before July 31, 2011; and
USD 5,000,000 on or before July 31, 2012.



Keine Umsätze = keine Geldeingänge (Explorer-typisch)

The Company has no revenue generating operations from which it can internally generate funds. It relies on either the sale of its own shares as needed, or the sale or option of its mineral properties. This situation is unlikely to change until such time as the Company can develop a bankable feasibility study on one of its projects.

Die Firma verfügt über keine Umsatzgenerierende Geschäftstätigkeiten aus denen sich interne Finanzmittel ergeben würden. Diese Situation wird sich wahrscheinlich nicht ändern, bis dass eine bankfähige Machbarkeitsstudie für eines der Projekte erstellt worden ist.

Nur noch 2,7 Mio. $ Cash in der Kasse

As a consequence of the foregoing funding activities, as at January 23 2008, the Company had working capital of approximately $2.7 million, which it anticipates will not be sufficient to cover its anticipated expenses for the next 18 months. Accordingly, the Company will be required to secure significant funding in the near term if it is to proceed with its planned exploration activities (even if no additional properties are acquired) and maintain its current state of business activity. If the Company is unable to obtain such additional funding it will be required to significantly reduce its exploration programs and other business activities, and will likely be unable to continue to make ongoing property payments on all of its presently held properties. In such a case, the Company would be required to sell, option or abandon some of its mineral properties or dispose of some or all of its investment in ITH or TRC.


Cardero verfügt derzeit noch über ca. 2.7 Million Dollar, welche sie als nicht genügend werten, um die angestrebten Projektaktivitäten der nächsten 18 Monate zu finanzieren. Daher wird die Firma darauf angewiesen sein, sich um die nötigen Finanzmittel zu bemühen, damit die Geschäftsfähigkeit erhalten bleibt.

Wenn Cardero nicht fähig sein sollte, die erforderlichen Geldmittel zu bekommen, ist Cardero:

- gezwungen seine Explorationstätigkeit beträchtlich zu reduzieren
- nicht mehr in der Lage die Options-Zahlungen für die neu zu erwerbende Projekte zu leisten
- gezwungen vorhandene Projekte zu verkaufen oder Anteile an den Investments an ITC oder TRC zu veräußern.

Diese Situation gilt es zu berücksichtigen, wenn man in Cardero investieren will.

Angeblich gibt es schon geheime Absichtserklärungen mit potenziellen JV-Partnern. Sollte hier eine Bestätigung kommen, könnte das dem Aktienkurs einen Schub geben. Ist halt eine Spekulation …

tommy

[tommy-hl]

.
I just have been informed that fellow shareholders from Scandinavia are reading this thread, too. It´s a pleasure to have you here. My best regards to the user “Lyn.....“ .

NAU is a Canadian stock with properties in Scandinavia and the shares will be traded on the German stock market, too. So we all benefit from that ...

tommy


Fitch: 2008 Outlook Stable for Mining Ratings; Financial Profiles May Weaken

Fitch Ratings-London/New York: Fitch Ratings today said that the outlook for mining sector ratings in 2008 remains stable.

Favourable market conditions over the past three-to-four years have enabled most producers to significantly strengthen their financial and liquidity profiles such that, at present, they are generally strong for their respective rating categories. This provides more than ample rating headroom against an expected weakening of some commodity prices over the next 12 months and high ongoing cash outflows due to operating cost inflation, the replacement of reserves and in respect of shareholder distributions.

Demand fundamentals for most commodities in 2008 will continue to be underpinned by strong fixed-asset investment demand from China, together with the industrialisation and corresponding economic growth of Brazil, Russia and India. In contrast, however, to recent years when the outlook was broadly similar for most commodities, 2008 is likely to see a divergence in pricing and demand trends between different commodities. The outlook is strongest for the steel making raw materials (metallurgical coal, iron ore) with year-on-year price increases of up to 50% possible in the forthcoming contract price negotiations due to continuing tight supply and forecast steel production growth of around 5-6%.

Conversely, Fitch believes that base metals prices peaked in 2007, with prices for nickel, copper and zinc likely to fall moderately over the course of 2008. Prices should, however, remain at historically high levels, reflecting continuing tight supply and an upward shift in industry cost bases over the past two-to-three years. Increasing aluminium supply is likely to result in a second consecutive net surplus, with an average price of around USD2,400/tonne compared to around USD2,650/tonne in 2007.

For the first time since 2001-02, many mining companies are likely to report lower year-on-year financial performance in 2008. This reflects not only moderating metals prices but also increasing operating costs (fuel, energy, equipment, labour) and the weakness of the US dollar, especially where operating costs are incurred in Australia, Canada, Brazil or Europe.

A key factor to watch as companies move into a weaker price environment will be the "stickiness" of the higher cost structures (particularly in respect of wages), incurred in the boom conditions of the last two-to-three years. Financial trends are likely to be weakest amongst single-commodity producers, while large diversified mining companies, such as BHP Billiton, Vale (formerly CVRD; 'BBB-' (BBB minus)/Positive) and Rio Tinto ('A-' (A minus)/'F2'/Stable), which have significant exposure to iron ore and/or metallurgical coal, are likely to fare better.

As in recent years, M&A activity remains the key risk to rating levels. BHP Billiton's efforts to acquire Rio Tinto appear to have started a further round of consolidation speculation in the industry, with no company appearing immune. While Rio Tinto was able to raise USD40bn in debt funding for its acquisition of Alcan in October 2007, Fitch believes that the funding of other large scale mining mergers would need to incorporate a significant share-based element, reflecting not only the scale of a likely transaction but also the capital constraints currently faced by the banking sectors in the UK and US. Small-to-medium sized acquisition activity will also continue to feature with debt funding remaining possible. The short debt payback periods that companies have been able to rely upon in the supportive price environment of recent years will, however, become a riskier proposition.
http://www.cbonds.info/all/eng/news/index.phtml/params/id/389093

[Varenatur]

Antwort auf Beitrag Nr.: 33.263.993 von tommy-hl am 04.02.08 18:04:20

Hi, Tommy. You are doing a good job at spreading the gospel here. I hope you don't mind that some of the information gets distributed in Norway and Canada as well.

Best regards.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.264.202 von Varenatur am 04.02.08 18:24:24

.
Hi Varenatur,

Thank you … I am personally so convinced that NAU is one of the greatest opportunities in an investment life that I do my best to spread the information available for all shareholders or those who are interested in this story ...

The present share price does not reflect the true value, which I have discussed with NAU during the last week.

The management is not happy about the current price and has forced the efforts to get more analysts on board as this is the best and most effective PR. The Vancouver Resource Conference was an important event and some stock letter publishers and analysts have shown their interest to pick up NAU.

SHB now covers NAU, Pareto was the first one and others will follow ...

I guess that we will see in 2008 a permanent news flow which will support the share price. And latest in 2010 when the production commenced we may see double digits in C$ currency ...

The story “iron ore” in combination with NAU is one of my personal favorits ...

Please do not hesitate to contact me (by personal message) should you need any assistance in the translation from German into English ...

Thank you again and my best regards to all Scandinavian and Canadian shareholders of NAU/NAUR ...

tommy

[Varenatur]

Antwort auf Beitrag Nr.: 33.264.912 von tommy-hl am 04.02.08 19:25:39

Thanks for the offer, Tommy, my German is rather rusty these days, so I may ask for a translation at some point. I will try to keep you posted here if something extraordinary shows up on one of the Norwegian message boards.

Best,
Varenatur

[CaptainBizeps]

Antwort auf Beitrag Nr.: 33.265.342 von Varenatur am 04.02.08 20:00:50

Many would appreciate to hear how it's going over there.
Nice to have you on board.

[KingKong2]

Antwort auf Beitrag Nr.: 33.267.312 von CaptainBizeps am 04.02.08 22:58:57

Da mein English auch schon ein wenig rosty ist, lasse ich mal für unsere deutschen Leser übersetzen (Babelfish):

Viele würden schätzen, um zu hören, wie es dorthin geht. Nizza zum Haben Sie an Bord.

[CaptainBizeps]

Antwort auf Beitrag Nr.: 33.267.401 von KingKong2 am 04.02.08 23:09:39

Wohl eher Brabelfisch.
Da mach ich lieber selber.

Viele würden es schätzen, zu hören, wie es dort drüben geht. Schön dich an Bord zu haben.

[tommy-hl]

.
Ich plane ein Research zu:

Consolidated Thompson Iron Mines (CLM)
Eisenerz in Kanada

Eisenerz entwickelt sich still und heimlich zum Superstar unter den Rohstoffen. Für 2008 werde Preissteigerungen von 35-50% erwartet.

Die Nachfrage nach Eisenerz steigt rasant und die wenigen Produzenten sind in der glücklichen Lage Preissteigerungen bei den Kunden durchzusetzen.

Prognosen deuten an, dass erst ab 2012 eine Balance zwischen Angebot und Nachfrage entstehen wird.

Consolidated Thompson ist ein fortgeschrittener Explorer, der schon in 2009 Eisenerz liefern will.

WKN: A0KFDB
CLM – TSX
ISIN: CA2102061082

Besteht hier Interesse an einem Informationsaustauch?

tommy

[tommy-hl]

Northland Provides Drilling Update

Vancouver, February 8, 2008: Buck Morrow, the President of Northland Resources Inc., is pleased to provide an update on Northland`s drill programs on its iron-copper-gold projects in northern Sweden and Finland.

Northland`s field teams are having an exceptionally busy winter drill season, with seven drill rigs currently turning on the Company`s projects. Drilling is underway at the Tapuli-Stora Sahavaara projects and recently started at the Pellivuoma magnetite project. Additional drilling is scheduled for the Salmivaara project in late February, depending on the granting of permits.

Pellivuoma Iron Project

Drilling has started at the Pellivuoma magnetite project in Sweden, which is about 15km west of the Stora Sahavaara and Tapuli project area. Pellivuoma was discovered in 1919 by Nordsvenska Malmfält. Between 1963-1966, the Swedish Geological Survey (SGU) completed magnetic and gravity surveys and 13 diamond drill holes defining a magnetic anomaly roughly 900m by 400m trending WNW-ESE. They also included the deposit in their report `Iron Ore Inventory Programme 1963-1972 in Norbotton County`.

Geologically, Pellivuoma is a tightly folded, vertically dipping body. The SGU estimated the iron ore resources to a depth of 200m at ca. 43.5Mt @ 32.7% Fe with trace copper. Their resource estimate was based on a combination of drill data and geophysical modelling. The reader is cautioned that this is an historic resource and is not compliant with NI43-101. Northland has not yet completed the work necessary to confirm the resource figures. As such they cannot be relied upon.

Northland`s management regards Pellivuoma as a satellite target to the Stora Sahavaara-Tapuli bodies. As part of the planned drilling at Pellivuoma, Northland will twin two of the holes completed in the 1960s by the SGU. Very little material remains from key holes stored in SGU core archives, hence the need to twin certain holes.

Stora Sahavaara-Tapuli Area

Metallurgical drilling is underway at Tapuli with four rigs currently working and a fifth expected soon. The drilling will provide a bulk sample of 25 tonnes of magnetite drill core for pilot scale tests for flowsheet development and help to outline any variation in the mineralogy within the magnetite body.

Salmivaara

In 2007, Northland drilled 6 holes at Salmivaara (1,780m). The drilling encountered a previously unknown magnetite body beneath the 2 known bodies at Salmivaara. An 11-hole follow up drill program has been designed to provide more detail on the known magnetite bodies, scheduled to kick off in mid February or earlier.

Hannukainen-Area

Earlier this year four rigs were allocated to Hannukainen to provide material for additional metallurgical testwork and to provide infill detail for Northland`s geological model. The rigs were recently relocated to the Tapuli project.

Qualified Person

The technical information in this release was prepared under the supervision of Mr. David Cass, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a `Qualified Person` in accordance with National Instrument 43-101.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

`Buck Morrow`
NORTHLAND RESOURCES INC.

[kurtanton]

Antwort auf Beitrag Nr.: 33.305.038 von tommy-hl am 08.02.08 09:03:12

hallo tommy!
Dachte schon, Du hättest Dich ganz verabschiedet zu CLM.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.305.638 von kurtanton am 08.02.08 09:50:48

Hallo kurtanton,

warum sollte ich mich von NAU verabschieden? Es gibt dafür keinen Grund, nur gibt es nicht jeden Tag Neuigkeiten zu berichten …

Meine Freundin möchte natürlich jeden Tag von mir hören, wie toll ich sie finde, aber würde ich das von NAU hier jeden Tag posten …

Zurzeit überlege ich sogar Bestände anderer Aktien abzubauen und vermehrt in NAU und CLM zu investieren.

Beide, NAU und CLM sind so gute Aktien (Top-Management, Super-Ressourcen, hoher Cash-Bestand, sichere Gebiete in SWE, FIN + CAN und damit Null-Länderrisiko, hoher Gewinn-Hebel durch steigende Eisenerz-Preise usw.), die mir als Investor so hohe Chancen bieten, wie ich es in dieser Kombination nur selten erlebt habe …

Hier mal eine aktuelle Meinung eines Users aus einem anderen thread:

This might sound strange, but even though Northland is my by far biggest position, I hope for it to fall!
..and thats because Im looking for a good point to increase my position.. maybe go almost "all in". This is one of the only stocks i've seen that Im 100% confident will be creating LOTS of value the coming years.
The mangement are brilliant.. geniuses to pull that financing off last summer. Fantastic project and the risk.. what risk??
Regards

Tja, dem zitierten User kann ich mich nur anschließen: what risk – welches Risiko??? NAU und CLM sind zwar Explorer und noch keine Produzenten, aber die üblicherweise hohen Risiken bei Explorern sehe ich bei NAU und CLM nicht.

Gruß

tommy

[e_type1]

Northland to drill 11 holes at Salmivaara

2008-02-08 09:31 ET - News Release

Mr. Buck Morrow reports

NORTHLAND PROVIDES DRILLING UPDATE

Northland Resources Inc. is providing an update on Northland's drill programs on its iron-copper-gold projects in northern Sweden and Finland.

Northland's field teams are having an exceptionally busy winter drill season, with seven drill rigs currently turning on the company's projects. Drilling is under way at the Tapuli-Stora Sahavaara projects and recently started at the Pellivuoma magnetite project. Additional drilling is scheduled for the Salmivaara project in late February, depending on the granting of permits.

Pellivuoma iron project

Drilling has started at the Pellivuoma magnetite project in Sweden, which is about 15 kilometres west of the Stora Sahavaara and Tapuli project area. Pellivuoma was discovered in 1919 by Nordsvenska Malmfalt. Between 1963 and 1966, the Swedish Geological Survey (SGU) completed magnetic and gravity surveys, and 13 diamond drill holes, defining a magnetic anomaly roughly 900 metres by 400 metres trending west-northwest to east-southeast. The survey also included the deposit in its report "Iron Ore Inventory Programme 1963-1972 in Norbotton County."

Geologically, Pellivuoma is a tightly folded, vertically dipping body. The SGU estimated the iron ore resources to a depth of 200 metres at approximately 43.5 million tonnes at 32.7 per cent Fe with trace copper. Its resource estimate was based on a combination of drill data and geophysical modelling. The reader is cautioned that this is a historical resource and is not compliant with National Instrument 43-101. Northland has not yet completed the work necessary to confirm the resource figures. As such they cannot be relied upon.

Northland's management regards Pellivuoma as a satellite target to the Stora Sahavaara-Tapuli bodies. As part of the planned drilling at Pellivuoma, Northland will twin two of the holes completed in the 1960s by the SGU. Very little material remains from key holes stored in SGU core archives, hence the need to twin certain holes.

Stora Sahavaara-Tapuli area

Metallurgical drilling is under way at Tapuli with four rigs currently working and a fifth expected soon. The drilling will provide a bulk sample of 25 tonnes of magnetite drill core for pilot scale tests for flowsheet development and help to outline any variation in the mineralogy within the magnetite body.

Salmivaara

In 2007, Northland drilled six holes at Salmivaara (1,780 metres). The drilling encountered a previously unknown magnetite body beneath the two known bodies at Salmivaara. An 11-hole follow-up drill program has been designed to provide more detail on the known magnetite bodies, scheduled to kick off in mid-February or earlier.

Hannukainen area

Earlier this year, four rigs were allocated to Hannukainen to provide material for additional metallurgical testwork and to provide infill detail for Northland's geological model. The rigs were recently relocated to the Tapuli project.

Qualified person

The technical information in this release was prepared under the supervision of David Cass, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a qualified person in accordance with National Instrument 43-101.

[Varenatur]

Antwort auf Beitrag Nr.: 33.310.626 von e_type1 am 08.02.08 16:00:07

The local Swedish paper NSD yesterday reported from a mining and employment seminar held in Pajala last Wednesday. The most significant piece of news was that the head of the Finnish railway apparently pledges to invest 75 million Euro on the railway from Torneå if the mines become a reality. They will also build a bridge across the Torne river.

For those who read Swedish:
"- Chefen för finska järnvägen var i Torneå för ett par veckor sedan. Han sa att om gruvan startar så satsar de 75 miljoner euro på järnvägen från Torneå och uppåt. Han nämnde också att det blir en bro över Torneälven, säger företagaren Jukka Järnström."

Best regards,
Varenatur

[tommy-hl]

@ Varenatur: Thanks for the info. That sounds great ... and is another step forward to get the infrastructure prepared for the iron ore supply from NAU ahead ...

@ all

Nachfolgend zwei Artikel zum Thema “Eisenerz”, der wachsenden Nachfrage und des dringenden Bedarfs nach weiteren Minen (der zweite Artikel ist etwas gekürzt)

Die Hauptaussagen sind:
1. Die dramatisch steigende Nachfrage durch chinesische Stahlproduzenten erzeugt einen Boom der wahrscheinlich nicht vor Mitte des nächsten Jahrzehnts abkühlen wird (also ca. im Jahr 2015).
2. Die chinesische Regierung hat und wird sich weiterhin darin engagieren, sich den Zugang zu Ressourcen im Ausland zu sichern.
3. Die Eisenerz-Ressourcen sind begrenzt, während die Nachfrage steigt.
4. Die indische Tata Steel sucht ebenfalls im Ausland nach Eisenerz.
5. Die, die die Ressourcen haben, könnten evtl. die nachfolgenden Industrien kontrollieren. Eisenerz-Produzenten könnten die Stahlindustrie kontrollieren.
6. Die indische Wirtschaft wächst seit vier Jahren um durchschnittlich 8.6% jährlich und wird deshalb immer größeren Mengen an Metall-Erzen benötigen.
7. Die indische Stahlproduktion wird sich bis 2012 verdoppeln (auf 120 Mio. t. p. a.) und bis 2020 verdreifachen bis vervierfachen (auf 180-200 Mio. t p. a.) mit einer entsprechend größeren Nachfrage nach Eisenerz.
8. In China ist die Entwicklung ähnlich, nur auf höherem Niveau.
9. Selbst wenn sich die Weltwirtschaft etwas abkühlen sollte (Stichwort USA) werden die indische und chinesische Stahlproduktion um rund 11% pro Jahr wachsen:
10. Für Eisenerz und Kohle wird ein gewaltiger Preissprung erwartet.
11. Kontrolle über Rohmaterial (wie Eisenerz) wird zu einem strategischen Erfordernis und ist nicht auf Indien beschränkt, sondern ein globales Phänomen.
12. Die indischen Eisenerz-Ressourcen reichen nur noch für 19 Jahre, selbst wenn die Exporte auf dem heutigen Niveau eingefroren würden.
13. Indische Firmen beginnen sich deshalb nach Ressourcen außerhalb Indiens umzusehen.
14. Tata Steel z. B. hat nur 20% der Reserven für Eisenerz und Kohle im eigenen Konzern und hat sich zum Ziel gesetzt weitere (zukünftige) Minen in den Konzernbesitz zu bringen, um 50-60% des Rohstoff-Bedarfs selbst zu erzeugen.
15. Das Rohstoff-Management wird eine immer kritischere Rolle spielen. Die „Zeichen an der Wand” sagen klar:
Wenn du nicht die notwendige Erzförderung hast, musst du sie steigern. Wenn du dafür nicht die passenden Minen hast, musst du sie kaufen! Nur dann kannst du den Wettbewerb im Stahl- und Eisengeschäft überleben!

Anm. von mir: Die Chinesen kaufen sich weiterhin in Rohstoff-Produzenten ein. Erst vor einigen Wochen haben sie sich mit einem Anteil an dem Eisenerz-Explorer Fortescue Metals eingekauft, der wohl die Produktion Mitte 2008 starten will.

Alle o. g. Punkte aus den beiden Artikeln untermauern meine Überzeugung, dass Eisenerz-Explorer wie Northland Resources (NAU) und Consolidated Thompson (CLM) in ein gut diversifiziertes Depot gehören.

Viel Spaß beim Lesen

tommy


Am 03.02.08 berichtete Reuters u. a.:
The white-hot market for iron ore, fuelled by dramatic increases in Chinese steelmaking amid a boom in the world's fourth-biggest economy, is unlikely to cool before the middle of the next decade, analysts believe.
The Chinese government has been encouraging the use of the country's huge foreign exchange reserves to secure access to resources overseas and boost China's global economic clout.
www.reuters.com

Back to roots
In the metal business, those who have raw materials have pricing power. This new reality in mind, India Inc is digging for minerals like never before
09.02.2008

Navin Jindal, vice-chairman of Jindal Steel and Power—vividly remembers that day, three years ago, when he got a call from a friend in Bolivia, asking him if he was interested in iron ore in Bolivia. "The only thing I knew about Bolivia was that it was a South American country," recalls Jindal. Even the arrival of the first set of papers didn’t clear things. "They were all in Spanish." Today, Jindal is glad he crossed boundaries, physical and linguistic, to pursue the deal—and seal it. "By mid-2008, we should start exporting 10 million tonnes (mt) of iron ore a year from that mine. Alongside, we will begin construction work on a 1.5 mt steel plant nearby,’’ says Jindal, with the gusto of a man who has just secured a small part of a resource that is finite in supply and increasing in demand.

Never before have minerals — iron ore, coal, bauxite, zinc, copper and nickel, among others—been so much in demand. Every steel manufacturer worth its tonnage and power generation player worth its kilowatt hour is scouting the globe for mines like never before. Increasingly, this quest is taking them to new places and new experiences. Much like the adventures of Big Oil, if the hunt means going to countries that are a political tinderbox, so be it. So, for instance, the Tatas are digging for iron ore in Ivory Coast and Indonesia, JSW has crossed over into Mozambique for coal, Ispat Industries is hunting for coke in Bosnia and Bulgaria...

If they are not buying, they are feverishly working the wheels for a manifold expansion in their existing mines. So, many men and machinery of Hindustan Zinc, a Vedanta group company, are employed round-the-clock at the Rampura Agucha mine, on the outskirts of textile town Bhilwara in Rajasthan, to expand the zinc ore production of this oval-shaped, open-cast mine from 3.5 million tones per annum (mtpa) to 5 mtpa by March 2008 and to 10 mtpa by 2010. Similarly, Sesa Goa, another Vedanta Company, plans to double its iron ore production to 22 mtpa in the next four years.

Companies are realising that back is the way forward. That thinking is typified by the Tata group, which has interests in, among many other things, steel and power. In the past five years, the hunt for resources—like coal, iron ore, chrome ore and limestone—has taken it to Australia, Iran, Ivory Coast, Mozambique, Oman, South Africa and Thailand. Says Ratan Tata, chairman of Tata Steel, the world’s sixth-largest steel manufacturer: "Eventually, those who control natural resources will control downstream industries. Iron ore players will determine steel costs, while bauxite miners will fix the cost of alumina.’’ This quest for control is both short term and long term, driven by both domestic needs and global realignments.

Demand Pull
Anil Agarwal, Founder and Chairman, Vedanta Resources, refers to India as "as one big construction site’’. The India story—average annual GDP growth of 8.6% in the last four years—is the real thing. As India plays catch up, after decades of middling to sub-par economic performance, consumption levels of goods and services is increasing at rates not seen for a long time, certainly not for such a sustained period. As India expands, it will need more metals to assemble the pieces and power to fire. For instance, domestic steel production is projected to double to 120 mtpa by 2012 and increase to 180-200 mtpa by 2020, which means that much more demand for iron ore and coking coal.

Towards the East, it’s the same story in China, though on a much larger scale. A Macquarie research report says that 90% of incremental global copper demand since 2000 has come from China. Cynthia Carroll, Chief Executive, Anglo American Plc, a global mining giant with operations in 40 countries, said at the China Mining Conference in November 2007: "China’s growth over the period marks the biggest shift in the relative balance of economic power ever seen in peace time." Don Argus, chairman, BHP Billiton, another mining monolith, takes the story further. "India has some fundamental drivers similar to China. We see India as being 10-15 years behind China from a development point of view, but they have begun the journey," he recently said.

It’s why even as this "commodity supercycle’’ enters its fifth year, fuelled by ever-increasing demand from the emerging economies of not just China and India, but also from Brazil, Russia and the Middle East, the level-headed view is that it is not going to die soon, even if the US, the world’s largest economy, slipped into a recession. For India, which is in the initial phases of its growth curve, the risk is lower, which gives domestic metal manufacturers a greater degree of comfort. Says Anil Sureka, Executive Director (Finance), Ispat Industries, a steel manufacturer: "Average global prices of steel may increase $80-100 in 2008 to cross $800 per tonne.

Cost Push
Metal producers are not only on a capacity-building spree. Increasingly, they are also thinking more about raw materials: how to get more of it and, more importantly, how to get it cheap. If prices of finished goods have shot up due to rising demand, so have raw material prices by the same argument. The price of coking coal increased 152% per tonne in 2007, iron ore 136%. Experts say the price trend won’t reverse for the next 12-18 months at least, even if the US economy starts hobbling

After all, even with a slowdown, both China and India’s steel demand is forecast to grow at about 11%. Says Sureka: "Although we are still negotiating the annual contract benchmark prices for iron ore and coking coal for 2008, we expect to see a substantial jump." Any hike in freight charges, or the imposition of additional levies like port congestion and demurrage charges, will bump up costs further.

In the emerging high demand-growth scenario, controlling raw material costs is an effective way to control costs, and that means having captive mines. Sureka says steel companies that have captive mines can get raw materials cheaper by at least $200 per tonne—$80 per tonne on iron ore and $120-150 per tonne on coking coal—or 42% less than those that don’t have mines. Says Navin Vohra, partner, Ernst & Young: "Having raw material linkages fetches a company higher valuations, as investors feel it is better placed to roll with the good times and grit it out in bad times."

Reserves, Not Reservoirs
Ratan Tata puts it more pithily. "Control over raw materials is a strategic necessity today. And it is not just restricted to India, but is a global phenomenon,’’ he says. It’s why Navin Jindal says his company won’t set up his proposed steel plants in Orissa, Jharkhand and Chattisgarh till it is granted mining rights. "Otherwise, it makes little economic sense,’’ he explains. That’s something players like Ispat Industries and Essar Steel, companies that lack raw material linkages, discovered with much pain. Says Vohra: "They go for long-term purchase contracts, usually for five years, but while supplies are assured, prices are revised annually. There’s also the insecurity of being dependent on a third party for raw materials, whose quality may be inconsistent and supply disruptions always a threat.’’

However, raw material security doesn’t come easy, as mineral resources are finite, and the prerogative of governments. The government estimates that India has iron ore reserves of about 23 billion tonnes, but industry sources say only 13 billion tonnes of this can be mined. The 10 billion tonnes of differential of magnetite iron ore is in ecologically sensitive areas of the Western Ghats, where the Supreme Court has banned mining. With large-scale exports of iron ore also happening—nearly 90 million tonnes in 2006-07—the domestic supply problem becomes even more acute. Predicts a 2006 report released by the National Council of Applied Economic Research: "Even if exports are capped at the present level, reserves of high- and medium-grade iron ore will last only 19 years.’’ Imports are not a viable option due to high freight charges, say experts.

Regulatory Bottlenecks
A host of local factors have stunted the growth of the mining sector, forcing Indian companies to look overseas. Nearly 70% of India’s coal reserves and 56% of iron ore reserves are located in three of the poorest states (Jharkhand, Orissa and Chattisgarh), each of which has a substantial tribal population and abundant forest cover, says a Confederation of Indian Industry (CII) report. So, land acquisition becomes a challenge and timely implementation an even bigger one, as South Korean steel major Posco is finding out. Construction work on its Rs 51,000 crore, 12 mtpa steel plant in Orissa was to begin in 2006, but it is still awaiting land clearance for the full 4,004 acres.

Similarly, granting of mining licences and environmental clearance take an inordinately long time. Most mega power projects in Jharkhand, including those of Arcelor Mittal, Tata Power, Jindal group, CESC and the Aditya Birla group are held up because of the state government’s inability to allocate coal blocks. Granting of iron ore mines too is held up in Jharkhand, as the state government is busy fighting legal cases in three mining ore zones, with proven reserves of five billion tonnes: Chiria, Ghatkuri and Ankua.

Beyond Boundaries
In recent years, forced by bottlenecks at home and fired by their own global ambitions, Indian companies have started looking beyond India for raw materials. Take Tata Steel. Its two big acquisitions, Corus in UK and NatSteel in Singapore, gave it access to mills and markets, but not to raw materials. Today, the Tatas find that they only have 20% of their raw material needs—that too current, not after expansion—secured, and there is some anxiety over that low degree of self-sufficiency. Says B. Muthuraman, Managing Director, Tata Steel: "For the last 100 years, we have been a fully-integrated company and having our own resources is important to us. Therefore, we will make more mining forays." Among Indian companies, Tata Steel has been one of the most active abroad. More deals are likely if it is to achieve its targeted raw-material security of 50-60% in the next four years, as recently voiced by Muthuraman.

It’s here where the fight gets tougher, as they go head on against not just small local players, but against the might of mining giants, some of whom are looking to acquire rivals rather than supplies. In recent times, the most intriguing bid has come from BHP Billiton, the world’s second-largest iron ore producer, to buy Rio Tinto, the third-largest iron ore producer, for $140 billion, which would have given it synergies and also increased its bargaining powers with metal manufacturers, especially in China. Incidentally, in 2007, Rio had brought Alcan for $38.1 billion to become the largest aluminium producer in the world.

With metals demand seeing an unprecedented increase, resources are being coveted more, which could widen disparities. On the one hand, the big are getting bigger. On the other, it is marginalising smaller players. Hence, this rush to scale up and be secure. But getting a mine is not the end. Even mining companies have to deal with inflation and more. Says Anglo American’s Carroll: "Average capital costs of a new copper mine has increased 60% since end-2004... skills and infrastructural bottlenecks, technical failures, trade union disputes and weather failures have also resulted in projects taking longer."

Delays and scarcity are something the Reliance Anil Dhirubhai Ambani (R-ADAG) group, which is setting up 28,200 mw of projects, can ill afford. It has entered into a strategic alliance with the largest US lignite miner, North American Coal Corporation (NACC), for fuel supplies. "The tie-up could be in the form of a JV, and the two promoters will undertake coal-mining activities, both in India and abroad," says a source. The coal strategy will be implemented by Reliance Natural Resources (RNRL), the R-ADAG company that manages fuel needs for its power plants. It is understood that NACC will initially support RNRL to develop three domestic coal mines given out for the Sasan power project and later help it in its overseas ventures. The company has already shortlisted eight companies in Indonesia, including EnerCorp and Beraucoal, which are already in the blocks. After all, R-ADAG will require 25-30 mt by 2010.

Whether Junior Ambani will be able to keep his promises, only time will tell. One thing’s for sure: raw-material management will play a critical part. The writing on the wall is clear: if you can’t grow it, you have to mine it. And if you don’t have the mines, get them. Only then can you survive in today’s competitive world of steel and power.http://www.outlookbusiness.com/inner.aspx?articleid=946&editionid=28&catgid=2&subcatgid=396

[tommy-hl]

Folgender Artikel zu Metall-Rohstoffen und deren Aussichten in gekürzter Fassung:

2008, a Tale of Two Halves
Part 4: Materials and Utilities
by Hans Wagner, TradingOnlineMarkets.com | January 30, 2008

The beginning of a new year is a good time to make a new assessment of the important investment drivers and themes for the year. If you want to beat the market it is important to understand what is driving the markets and where the best sectors are to find good opportunities. By identifying these factors you will have a solid framework to assess the impact market movements and news events on your investment strategy.

Metals
Metals prices have risen sharply over the past three years and remain above their long term averages. This is particularly true of the key industrial metals: copper, nickel, steel and aluminum. This rise is unprecedented as prices of these commodities have reach very high levels driven by the global economic growth lead by China and India. Many analysts expect these strong increases in demand for most metals and minerals to continue through 2008 and 2009.

With low stocks and a likely continuation of supply side difficulties, most commodity prices are expected to remain well above their long run trend over the short and medium term. However, it is unclear how much impact a recession in the United States will have on metals and minerals prices. While the United States economy is a smaller percent of the World’s GDP, it still is the largest economy and it can be expected to have a reasonably large impact on the overall demand for these materials, and as a result the prices.

Viewed from a longer run perspective recent history and the IMF's forecasts suggest that we are currently going through a period of global growth not seen since the period of fast growth and reconstruction in OECD economies following World War 2. Specifically, there has been a structural shift favoring rapid growth in developing countries with large populations such as China and India. Growth in these economies will be resource intensive as they industrialize and urbanize.

The implications for commodity markets are likely to be significant over the long run. Projections for iron ore, aluminum and copper suggest that demand could double and even triple over the next 25 years. In time production can be expected to expand to meet faster growth in demand at more sustainable prices. But that pricing environment is expected to be significantly stronger than would be implied by historical trends.

It is expected that prices of many minerals and metals will remain above trend for longer than has been the case in the past because of constraints on the speed with which production capacity can be expanded over the next few years. Also most prices are expected to assume significantly higher average levels over the very long run than has been the case historically due to structural increases in industry costs. China has earmarked $420 billion and India has allocated $500 billion-$600 billion for infrastructure development under their current five-year plans. Right now politicians are very supportive of infrastructure growth.

However over the shorter term we can expect prices to react downward to the U.S. recession which will cause the share price of the materials companies to fall as well. Although copper spot prices have been fallen driven by fears of a global slowdown, Citigroup's research found that spot prices are well above year-ago levels. In the meantime, they assert that copper futures will remain above $2.60/lb through 2012 while aluminum is in contango through 2013.

The following is from Fitch Ratings and Thomson Financial.
Fitch Ratings said its rating outlook for the mining sector in 2008 remains stable, benefiting from favourable market conditions over the past 3-4 years that have enabled most producers to significantly strengthen their financial and liquidity profiles.

These strong financials provide more-than-ample rating headroom against an expected weakening of some commodity prices over the next 12 months and high ongoing cash outflows due to operating cost inflation, the ratings agency said.

Demand fundamentals for most commodities in 2008 will continue to be underpinned by strong fixed-asset investment demand from China, together with the industrialisation and corresponding economic growth of Brazil, Russia and India, Fitch said.

However, 2008 is likely to see a divergence in pricing and demand trends between different commodities, but prices will remain at historically high levels, reflecting continuing tight supply and an upward shift in industry cost bases over the past 2-3 years, Fitch said.

The outlook is strongest for steelmaking raw materials, with year-on-year price increases of up to 50 pct possible in the forthcoming contract price negotiations due to continuing tight supply and forecast steel production growth of around 5-6 pct.

Kompletter Artikel: http://www.financialsense.com/fsu/editorials/wagner/2008/0130.html

[tommy-hl]

China wird wirtschaftlich immer größer und verdrängt bisherige Wirtschaftsnationen von ihren Spitzenplätzen …

In China entstehen die Trends der Zukunft …
Investment scheint so einfach zu sein:

- Verkaufe, was China verkauft
- Kaufe, was China kauft (z. B. Eisenerz, weil China das dringend benötigt)

Der neue Boom beim Eisenerz …

Viel Spaß beim Lesen ...

tommy


The New Boom in Iron Ore

In terms of its economic and geopolitical impact, what we're seeing in Asia today is probably most akin to the Industrial Revolution, when the world's leading economies replaced manual labour with mass-scale manufacture of machinery … when railways began to criss-cross the continents … when the steam engine revolutionized the world … and later, when skycrapers first poked at the skies.

And, as in the Industrial Revolution, there's one major resource that stands out as critical: Iron ore.

Without iron ore, you cannot make steel. And without the steel, virtually all the new infrastrcture and all the world's construction would be impossible.
So …

Guess Who Is the Biggest Maker of Steel in the World!

China.

In 2003, China was far behind in steel production. It actually had to import more steel to feed its rapid growth than almost any other nation on the planet.

Now, just three years later, China is suddenly the largest steel producer on the planet. Just look at these numbers:
In 2006, China produced 420 million metric tonnes of steel.

That's more than double the total steel production of 25 European countries (200 million tonnes) … three and a half times Japan's (120 million) … and over FOUR times America's (100 million).
But given the current growth rates of steel production, the chances of anyone overtaking China any time in our lifetime is remote: Last year, for example, steel production in China soared 18%; while the U.S. steel industry was fortunate to grow by 6%.

Meanwhile, China's steel exports have multiplied seven fold in just three years! So in addition to being the largest producer, it's also the largest steel exporter in the world.

It's a heavy-weight in virtually every steel product category — long products, flat products, tubes … and in almost every market — Asia, Europe, North America and South America.

For better or for worse, China is the undeniable steel king of the world.
Does that mean you should invest in steel companies? If you follow Tony's Sagami's golden rule, absolutely not!

Sagami:
"Sell What China Sells!"
"Buy What China Buys!"

In other words, get the heck away from the companies that sell the same thing as China's selling. It's unlikely they're going to be able to compete. So don't buy PC makers! And likewise, don't buy steel.

Instead, buy the resources that China is buying — or the companies that provide those resources.

Such as iron ore!

Just as China has emerged as the world's steel-producing king, it has also become the world's iron-ore glutton.

China needs the iron ore to make steel for its construction industry, now the largest in the world, surpassing expenditures of $120 billion annually.

China needs the iron ore to help feed the new growth in construction — 20% in 2006, possibly as much as 25% in 2007.

China needs the ore to build residences, highways, railroads, subways and dams.

Result: Just in the first three months of this year, China imported 100.2 million tonnes of iron ore, an increase of 23.4% over the previous year. And if this pace continues through year-end, total imports for 2007 will easily exceed 355 million tonnes, a now-defunct forecast made not long ago by the China Iron and Steel Association.

Looking over to India and into the future, the demand could be even larger. Right now, for example, India's consumption of steel is still less than 90 lbs per person. In China, by contrast, it's over 500 lbs, and in South Korea it's about 2000 lbs, or over 20 times more than India's! If India just closes that gap by a modest margin, it could double or triple its demand for steel, causing equivalent growth in its demand for iron ore.

No Wonder So Many Companies and Countries Are Scrambling to Secure Iron Resources!

Steelmaking companies and countries all over the world are suddenly realizing that their long-term, iron purchasing contracts are not nearly enough. So they're in a panic to secure new supplies. And driven by its huge needs, China is leading the pack.

China is locking down iron-rich resources in Australia, where China's Baosteel and Australia's Fortescue Metals Group Ltd (FMG) have signed one of the largest partnership deals in Australian mining history — to supply up to 20 million tonnes of iron ore per year.

China is seeking to do something similar in Canada, Brazil, and wherever iron ore is found. This, in turn, is setting off a chain reaction of iron ore deals that China is not directly a part of.

In Colombia, for example, Brazil's Votorantim recently bought 52% Acerías de Paz del Río, Colombia's second biggest steel maker, for $489 million. This means Votarantim now surpasses the giant Arcelor Mittal, as well as Brazil's own Gerdau and Companhia Siderurgica Nacional.

The biggest plays: In the two countries with the largest iron ore reserves — Australia, which exports over $8 billion worth each year and Brazil, which exports over $7 billion.

www.marketoracle.co.uk

[Varenatur]

Antwort auf Beitrag Nr.: 33.327.192 von tommy-hl am 11.02.08 09:47:09

Finally, the Tapuli results are in!
-------------------

Northland Resources Inc. is pleased to announce the first NI43-101
compliant iron resource and highly encouraging preliminary
metallurgical results for its 100%-owned Tapuli magnetite project,
5km from the Stora Sahavaara magnetite deposit in Norrbotten
District, northern Sweden. The resource has been modeled using a cut off of 15.0% Fe:

* Total Indicated resources are 54.4 million tonnes with an average
grade of 27.7 % Fe.
* Total Inferred resources are 47.6 million tonnes with an average
grade of 26.3 % Fe.

The mineralization remains open below 300m. A NI43-101 compliant
report on the Tapuli resource calculation will be filed on
www.sedar.com within 45 days.

Initial metallurgical test work has produced excellent early results. The work, performed on a composite drill core sample taken from seven drill holes from across the resource, indicates that a
high-grade concentrate, up to 69% Total Iron (Fet) and <0.03%S, can
be produced using a simple flow sheet that comprises magnetic
separation only and does not require a flotation stage. The
concentrate should be suitable as pellet feed, is relatively coarse
grained, and should be transportable by road, rail or ship year round after filtration.

Buck Morrow, the President of Northland said:

`Today`s news is our third resource calculation on a significant
magnetite body in the last 12 months. Our work has significantly
expanded the historic resource of 60 million tonnes at 29% iron which was defined by the SGU in the late 1960s. The early results of the metallurgy are some of the best we`ve received to date from our projects and the Tapuli metallurgical flow sheet looks
straightforward. We can now move to the detailed engineering and
planning stage with Tapuli and Stora Sahavaara. An aggressive winter drilling program is now taking place at Tapuli. In addition to taking large diameter core samples for further metallurgical testing, we will continue our drilling at both projects over the next 12 months with the aim of moving tonnes into the measured resource category and of expanding both resources. Both magnetite bodies remain open for expansion.`

The Tapuli magnetite deposit occurs as a semi-continuous mineralized zone beneath an average of 11m of till. The mineralization has been separated into 7 mineralized lenses, Tapuli South, Tapuli Central Upper and Lower, Tapuli North Upper and Lower and Palotieva Upper and Lower respectively. The dip of the mineralized bodies range from 45 to 60 degrees towards the WNW and NW. Magnetite occurs as relatively continuous lenses which have been delineated at surface along strike for over 2,000 meters with true widths within the Central lens of over 200 meters.

GeoVista AB note in their summary that the project has the potential for commercial exploitation given:

* the scale of the deposit, which could be combined with other
major magnetite deposits also being evaluated by Northland within
a radius of some 40 kilometers, including . the Stora Sahavaara
magnetite deposit, five kilometers to the south, and the
Hannukainen magnetite deposit in the neighboring Kolari ironstone
district of Finland;
* the potential to realize major cost savings on initial project
capital requirements, if a development decision is made, by
rehabilitating and feeding into existing infrastructure in
neighboring Finland;
* potential low waste to ore mining ratio; and
* recent, substantial increases in the price for iron ore.

Metallurgical Test Work

Northland has completed metallurgical test programs at SGS in Truro, UK, under the supervision of Corus Consulting, and at the Geological Survey of Finland Mineral Processing in Outokumpu, Finland. The test work investigated the liberation characteristics of the Tapuli iron mineralization using Davis Tube Tests (DDT) along with additional dry
and wet magnetic separation techniques, and was completed using
mineralized drill core samples (900m of core) from 7 drill holes
taken across the Tapuli resource.

The work produced magnetite concentrates with in excess of 69% total iron (Fet) and <0.03%S and demonstrates that a saleable product can be made from the iron resource using a simple flow sheet that comprises magnetic separation only and does not require a sulphide flotation stage. Furthermore, the liberation of the Tapuli ore appears such that resultant concentrate should be relatively coarse: the effective liberation size lies somewhere between 106 and 250 microns. This concentrate should be transportable by road, rail or ship year round after filtration and should be saleable as a pellet feed; or even for use as a part-feed to a sinter plant. From the data gathered to date we anticipate good recoveries of 85-90% Fet, with magnetite recovery over 90%.

A bulk sample of 25 tonnes of magnetite drill core is currently being collected for pilot scale tests for flow sheet development and to produce at least 4 tonnes of concentrate for additional metallurgical test work.

The table below provides a more detailed analysis of the average
concentrate generated from the test work at 106 micron grind size and demonstrates that the Tapuli resource can make a high grade, low acid gangue concentrate suitable as feed for pelletizing operations (Note all assays except sulphur were completed using XRF).

Table 1: average concentrate composition for Tapuli magnetite
concentrate. All elements reported as %.

[CaptainBizeps]

SCHÖN!!!

[tommy-hl]

- Die indische Industrie- und Handelkammer und die indische Stahl-Allianz rufen dazu auf, sich Eisenerz zu sichern …
- Eisenerz-Preis im Dez. 2007 bei 150 USD/t …
- Preis für Eisenerz-Langzeitverträge soll 50-70% in 2008 steigen …
- Spotpreise sind nicht mehr vorhersagbar …


ASSOCHAM and ISA seek iron ore security for steel sector

India Infoline News Service / Mumbai Feb 09, 2008

ISA said that iron ore which was fetching USD 60 in March 2007 climbed to USD 150 in December 2007 – a rise of 150% in nine months. The last quarter of 2007 saw a sharp rise of USD 50 in the iron ore prices. China’s insatiable hunger for Indian iron ore has been the major factor in this stupendous rise.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Indian Steel Alliance (ISA) have jointly called for iron ore security and raw material availability for the steel sector as between September 2007 and January 2008, there has been an unprecedented surge in major inputs going into production of steel.

In a statement issued here, ASSOCHAM President, Venugopal N. Dhoot and Moosa Raza President, ISA said that iron ore which was fetching US$60 in March 2007 climbed to US$150 in December 2007 – a rise of 150% in nine months. The last quarter of 2007 saw a sharp rise of USD 50 in the iron ore prices. China’s insatiable hunger for Indian iron ore has been the major factor in this stupendous rise.

Even the public sector mining company, The National Mineral Development Corporation (NMDC), increased its prices by over 47%, and that too with retrospective effect from 1st October 2007. All the steel manufacturers who have long term agreements with NMDC have been adversely affected. They have to absorb the cost impact.

The prognosis for long term prices of iron ore too is not very favourable. Economists are predicting an increase of 50 – 70% even in the LTA prices during 2008. Spot prices are unpredictable.
If one looks at the coking coal prices, the price increases have been even more appalling. In the last quarter of 2007 alone, the price went up from US$ 160 to US$ 220, an increase of 37%. In the 9 months from April 2007 to January 2008, the prices rose from US$ 96 to US$ 220. Coking coal price increase alone has increased the cost of production of steel by about Rs.2,000 per tonne!

The situation with reference to Coke prices is almost incredible. Prices that were ruling at US$ 280 in April 2007 increased steeply to US$ 500 per tonne in a short span of 8 months – an increase of 125%. China, the major source of coke has imposed an export tax on coke to help the domestic steel industry.

15% of the steel produced in India is through the induction and electric furnace route. Steel scrap is the main input for this. Scrap prices have gone up by almost 36% in the quarter ending December 2007, impacting the cost of production in this segment significantly.

Other inputs into steel making too have not escaped price escalation. Ferro manganese has registered an increase of 40% in the last quarter of 2007 – from Rs.51,000 to Rs.71,000 per tonne. Silico manganese price increased from Rs.43,000 to Rs.62,000 – registering a rise of 40%. Impact in steel cost is around USD20.
At a time when entrepreneurs are going in for both brown field and green field expansions and steel sector is attracting the largest amount of investment in India, it would be difficult for the steel manufacturers to absorb all the cost escalation in the raw materials. The need of the hour is to enable the industry to expand and produce more by assuring them of iron ore security and raw material availability. This is the best way of bringing down prices.
www.indiainfoline.com

[Varenatur]

The broker Pareto Securities has made a revised analysis of Northland. Still very optimistic, but with a lower 12 month target: Down from NOK 75 to NOK 55.

STRONG BUY High Risk
Bloomberg: NAUR NO (rating unchanged)
Reuters: NAUR.OL Target Price (USD): 10.0
Sector: Basic Materials Market cap (USDm): 340
Style: Venture Analyst: Erik Roland
Financial Details of 12 februar 2008

Re-initiating coverage: Grab your Iron Ore Bullet

Changing analyst, we re-initiate coverage upholding a Strong Buy recommendation with 12mo target NOK 55 per share. Upside of 264% will be gradually unlocked by studies confirming project economics

Having changed analyst, we re-initiate coverage on NAUR, maintaining our Strong Buy as the emerging Iron Ore producer presents an attractive risk/reward at current levels. We expect a revaluation of the share as projects in Sweden and Finland are firmed up by Scoping- and Feasibility studies during 2008/09, demonstrating cost-efficient mining operations at all projects.
We expect current NI 43-101 compliant resources of 412mt to increase to 500mt by year end as current drilling campaign is processed. Long-term ambition is to firm up 1bn tons of resources.
First production expected from Tapuli H2’09, Stora Sahavaara H2’10 and Hannukainen H2’11. Full production 2012E of 12 mtpa of sinter and pellets generating revenues of USD 1,13bn (incl. USD 154m Cu and Au credits).
Lacking economic studies (Scoping- & Feasibility), we emulate LKAB and Dannemora on cost. Both being more expensive underground mining operations, we conservatively estimate EBIT cost/t in the USD 45-46 range.
Estimated CAPEX is some USD 1,2bn to fund processing plants, pellet plant and mine infrastructure. We assume debt funding, but 20-30% dilution likely in 1-2 years. Current balance sheet is strong, USD 140m cash, no debt.
Valuation is attractive. Upside to Mid- to Long term producing peers on EV/Contained Fe of 64%. Our risked SOTP valuation indicates fair value of NOK 57 per share.
We re-initiate coverage with a 12mo target of NOK 55 per share – an upside of 264% from current levels.
See attached presentation for further details
The recommendation was not presented to the issuer before dissemination.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.361.044 von Varenatur am 13.02.08 22:29:29

.
Some comments on the updated buy recommendation of Pareto:

1. First of all, thank you Varenatur for sharing that news in this thread

2. It´s the first time that the company´s target of 1 billion tons (1.000 million) iron ore resources is now officially announced (Long-term ambition is to firm up 1bn tons of resources). In the past the management has published 500 million tons only ... but now, as they have already reached the former target they are releasing the higher number of 1 bn tons which I have posted here in the past ...

3. I guess that the lowered target share price of Pareto (55 NOK) is due to the current weak global market and considering the present lower share price of NAU ... It has nothing to do with the long term prospects of NAU which are phenomenal according to my personal opinion .. My target is 40 NOK (EUR 5) for 2009 and 80 NOK (EUR 10) for 2010 when the production ramps up ... and for 2011 even higher ...

4. Question to Varenatur: It seems that Pareto has changed the analyst. Any idea what the reason might be?

5. The analyst is talking about “only” 12 million tons production in 2012. This is not what the company told me a few weeks ago. Even Svenska Handelsbanken is talking about 13 million tons in 2012 (please refer to page 24, table 10 of the SHB research study). Consequently, the revenue and likely profit will be higher than anticipated by the new analyst of Pareto. Might be that he is too conservative ...

6. The Pareto analyst is talking about “20-30% dilution likely in 1-2 years”. This means he is assuming that the Capex of 1.2 bn USD will not be fully covered by debt funding and an emission of new shares is likely. Ok, higher number of shares, but lower debt with lower cost for interest ... doesn´t really matter ...

Conclusion: Pareto confirms the phenomenal prospects and it´s rating “BUY” for NAU with a 12-months-target of NOK 55 (EUR 6,90) which gives us a nice idea about the upside potential of this pretty stock ...

tommy


Rio Tinto ist weiterhin für Eisenerz bullish ...

Commodities may hit more record peaks-Rio Tinto
Wed Feb 13, 2008

LONDON, Feb 13 (Reuters) - Commodity prices may shatter recent records and hit fresh peaks as buoyant demand for metals is little affected by any downturn in the United States, mining group Rio Tinto said on Wednesday.

"Looking forward, it is entirely possible that some commodity prices have yet to reach their cyclical peaks," Rio's Chief Economist Vivek Tulpule said in a statement released along with the firm's full-year results

Many investors are cautious about the resources sector, concerned that commodity prices will stagnate or fall due to a possible recession in the United States and more supply from new mines coming on stream.

But Rio believes that strong demand from China and other developing nations will offset weakness in Western economies, Tulpule said.

"It is important to remain mindful of macro-economic risks relating to OECD growth," he said.

"However, it is also important not to exaggerate these risks as our modelling suggests that they should not have a significant impact on the developing economies that have been the growth engines of commodity demand."

Chinese economic growth is expected to remain strong at around 9-10 percent even amid a sharp U.S. recession, he said.

Global aluminium consumption rose last year at its fastest rate in recent history while higher costs and a stronger currency has boost marginal costs of production in China.

In copper, constrained supply conditions and above-average demand growth in 2008 mean that prices should hold well above trend levels. Growth in iron ore supplies from high-cost producers are expected to slow this year while steel output is seen growing strongly.
"In this environment of strong demand growth and constrained supply, the iron ore markets can be expected to remain and perhaps become increasingly tight," Rio said. Rio has rejected a sweetened but hostile takeover offer worth $147 billion from rival BHP Billiton.
(Reporting by Eric Onstad; editing by Michael Roddy)
www.reuters.com

[Varenatur]

Antwort auf Beitrag Nr.: 33.363.000 von tommy-hl am 14.02.08 09:02:03

Tommy: No idea why Pareto switched analyst for NAUR. Somebody on a Norwegian message board suggested Lassen has been moved to work on corporate issues within Pareto, but I don't know if that is correct.

Personally, I find it slightly better to have a new person's opinion on the company, as we are all conservative creatures who tend to defend our former opinions. The more analysts that place the company under scrutiny, the better.

[tommy-hl]

Produktionsvolumen

Nach einer heutigen Rücksprache mit NAU über die von Pareto in ihrer neuesten Studie genannte Produktionsgröße von "nur" 12 Mio. t. Eisenerz p. a. bekam ich zur Antwort, dass NAU ihre Zielvorgabe von 13 Mio. t. Eisenerz p. a. nicht revidiert hat. Der Analyst von Pareto hat ohne Rücksprache mit NAU seine eigenen Zahlen verwendet.

Übrigens liegt mir jetzt die komplette Studie (ca. 30 Seiten) vor.

Iron ore production forecast
Today I had a discussen with NAU with regard to the broker study of Pareto which is based on a production of 12 million tons p. a. only.

NAU has today confirmed that they did not change their target of 13 mill. tons per year. The analyst of Pareto might have his own assumption and has taken the lower number without contacting NAU.

So, we can assume that NAU will reach higher production volume with, consequently higher revenue and higher profit.

tommy

[tommy-hl]

Eisenerz
- Indien befürchtet, dass sie vom Eisenerz-Netto-Exporteur zum Eisenerz-Netto-Importeur werden ...
- es könnte zu Restriktionen kommen, was bedeuten würde, dass auf dem Weltmarkt weniger Eisenerz angeboten wird …
- Eisenerz bekommt immer mehr eine strategische Bedeutung …
- gut für die Eisenerz-Explorer, wie CLM und NAU, die in den nächsten 2 Jahren mit der Produktion beginnen und mit ihrem zusätzlichen Angebot auf hungrige Abnehmer treffen …

At the core, there’s the ore - Ajoy K Das - Friday, February 15, 2008

Steel producers are desperately seeking curbs on iron ore exports to ensure a sustained availability of the mineral as production is ratcheted up over the coming years. Unless proper fiscal disincentives are put in place immediately, steel could well go the chrome way, say manufacturers

Even as it keeps its fingers crossed in the run up to the Union Budget, the steel industry is fervently hoping the finance minister would take a lesson or two from China and put in play fiscal disincentives to enable conservation of raw materials and stop people from making the short-term big bucks from exporting them.

India meets 14% of world supply of iron ore after Brazil and Australia with a production of around 110 million tonnes per annum (mtpa), of which 80% is shipped to China alone.

Total steel production in India is estimated at 40 mtpa.
While the ore supply is sufficient at this point of time, steel producers are widely debating if there is enough ore available for production to be ratcheted up to 110 mtpa or more, should the producers continue feeding the Chinese demand.

Says Vishal Agarwal, managing director, Visa Steel: “Indian steel industry needs a combination of fiscal measures in the budget and trade policies to prevent iron ore going the chrome ore way. If China can slap export tax to prevent metallurgical grade coal from being shipped out, it is also in our national interest to stop the floodgates of ore export and reduce cost of raw materials for domestic steel companies.”

On January 1, China levied a steep 25% export tax on overseas sales of coke. At the current international price of $400 per tonne of coke, the levy works out to $100 per tonne.

Union finance minister P Chidambaram had attempted a similar move in case of iron ore exports from the country by proposing an export tax levy ranging of Rs50-300 on iron ore in the last Budget. But, this failed to stem shipments since ore prices have skyrocketed from levels of $60 per tonne to $130 per tonne, enabling most exporters to comfortably absorb the fiscal disincentives.

According to Agarwal, for ore grade with ferrous content of less than 62%, the export levy works out to Rs50 per tonne, or a shade above $1 per tonne, in sharp contrast to $100 per tonne that the Chinese have levied to prevent coke being exported from their country.

India, terribly short in reserves of coking coal, imports close to 19 mtpa of coking coal and 9 mtpa of coke as many of the non-integrated steel plants do not have the coke oven batteries for supplies of coke. The rise in international price has thus led to a cost-induced rise in the prices of finished steel.

As a counterfoil, the steel industry is banking on the Budget to ensure the exports of ore taper off and its price come down in the domestic market.

If not, Indian iron ore may well head the same way as chrome ore — once a net exporter of chrome ore, the country is now a net importer of the input. This has stunted the growth of the domestic stainless steel industry.

Reserves of chrome ore are so depleted that it is now mined at depths of over 300 meters, increasing mining costs.

The government has only now banned the export of chrome ore with chrome oxide (Cr2O3) content higher than 54%. Exports of ore with lower chrome oxide content of 54% is also subject to quantitative restrictions — the cap has been pegged at around 4 lakh tonne for this fiscal and this would be progressively reduced to 3 lakh tonne in the next and nil over the next few years.

The steel industry is hoping for the same in case of iron ore.
The Union steel ministry has submitted a proposal with finance ministry that envisages a 15% ad valorem (by value) levy on iron ore exports, since specific rates have failed to act as a disincentive in the face of rising international prices.

Such a budgetary move would have to be matched by quantitative restrictions as in the case of chrome ore, in the next Exim policy to be announced by Union commerce ministry.

In a desperate bid to contain rising input costs, the steel industry has also sought removal of the nominal 5% import duty on thermal coal.

Total imports of thermal coal into the country are estimated at 15 mtpa, the bulk of which is consumed by the power sector, and some by steel producers to feed their captive power plants. With the international price of thermal coal at $150 per tonne, even a 5% reduction in landed costs would enable steel producers to limit the impact of higher input costs on the prices of finished steel.
source: www.dnaindia.com

[tommy-hl]

.
Der neue Analyst des Investmenthauses Pareto hat in der neuen Studie ein 12-Monats-Kursziel von NOK 55 gemacht, was ca. 6,90 EUR entspricht. Aber das ist nur das „Vorspiel“ und nicht die ganze „Liebesnacht“ …

Denn der Analyst hat auch eine erste Schätzung für die Umsatz/Gewinnentwicklung für die ersten Produktionsjahre von Northland gemacht.

Und diese möchte ich hier mal bekannt geben, denn hier sind ja Investoren bzw. an NAU Interessierte und ich finde es nur fair, wenn alle diese Zahlen sehen können. Die Schlussfolgerungen muss dann jeder für sich selber machen.

Die Zahlen sind alle aus der Bankanalyse und sind nicht meine Angaben. Ich selber rechne nur am Ende den Gewinn pro Aktie in EUR um und ergänze das Kurspotenzial auf Basis eines angenommenen KGV 10. Wer lieber ein anderes KGV als mögliches Ziel haben möchte, kann das dann ja selber umrechnen.

(Angaben in Millionen US-Dollar)

Jahr ……………. 2010 . 2011 . 2012
Umsatzerlöse ….. 294 .. 875 . 1.134
Prod.kosten/Opex. 139 . 340 … 472
Abschreibg/Capex . 60 … 73 ….. 77
--------------------------------------------------------------------
= EBIT ……………… 95 . 462 .. 585
Finanzierungskost. … 96 .. 95 … 61
--------------------------------------------------------------------
Bruttogewinn EBT) .. (1) . 367 .. 524
abzügl. Steuer ………0…110 .. 158
Nettogewinn ……..... 0 .. 257 . 366

Gewinn/Aktie USD .. 0 . 2,17 . 3,10 .. (118 Mio. Aktien)
Gewinn/Aktie EUR .. 0 . 1,44 . 2,06
Ergibt KGV ………. --- .. 1,3 ….0,9 (Basis Kurs EUR 1,90)

Aktienkurs KGV 10: … 14,40 .. 20,60 EUR
Kurspotenzial: ………. 650% .. 980%

Der Analyst sagt meines Erachtens zu Recht, dass NAU zurzeit völlig unterbewertet ist. Spätestens wenn die Machbarkeitsstudie den wirtschaftlichen Erfolg bestätigen wird, werden wir völlig andere Aktienkurse sehen!


Interessant ist, dass er bei seiner Umsatzberechnung von sehr niedrigen Preisen für Eisenerz ausgeht:
2010 für sinter = 63 USD/t, für pellets = 100 USD/t
2011 für sinter = 61 USD/t, für pellets = 97 USD/t

Heute werden für iron ore sinter 130 USD/t bezahlt und für iron ore pellets 190 USD/t. Für das laufende Jahr sind Preissteigerungen von mindestens 30% zu erwarten. Dadurch ergibt sich ein enormer Gewinnhebel, der wohl dazu führen wird, dass auch im Jahre 2010 bereits Gewinne erwirtschaftet werden.


Jetzt verlasse ich mal die Bankstudie:

Wenn ich mal für das Jahr 2010 Preise von 100 USD/t für sinter und 137 USD/t für pellets ansetze (was deutlich unter den heutigen Preisen ist), entsteht für 2010 folgende Bilanz:

Jahr ………….…. 2010
Umsatzerlöse ….. 400 Mio. USD
Prod.kosten/Opex. 145
Abschreibg/Capex . 60
--------------------------------------------------------------------
= EBIT ……………… 195
Finanzierungskost. … 96
--------------------------------------------------------------------
Bruttogewinn EBT) …. 99
abzügl. Steuer …….…30
Nettogewinn ……..... 69

Gewinn/Aktie USD .. 0,58 (118 Mio. Aktien)
Gewinn/Aktie EUR .. 0,39
Ergibt KGV ………... 4,9 (Basis Kurs EUR 1,90)
Aktienkurs KGV 10: 3,90 EUR in 2010

Daraus kann angenommen werden, dass NAU bereits in 2010 Gewinne erwirtschaften wird.


Zurück zur Bankstudie:

Interessant ist auch ein Vergleich (peer comparison) zu anderen Explorern nach der „Earned Value Analysis“ bzw. „Leistungswertanalyse“. Die Zahlen beschreiben das Verhältnis zwischen derzeitiger Marktkapitalisierung/Capex/Cashbestand/Kostenreduzierung durch Beiprodukte zu der Eisenerz-Ressource. Je niedriger der Wert, desto niedriger ist die Aktie bewertet.

Es wurden nur die nach NI 43-101 bestätigten „measured“ und „indicated“ Werte genommen (nicht die „inferred“ Werte). Bei NAU wurde nur die Ressourcen von den Projekten Stora Sahavaara und Hannukainen verwendet. Nicht genommen wurden die Werte von Tapuli, wo ja die Ressourcen-Bestätigung nach NI 43-101 im April/Mai 2008 erwartet wird.

Hier ein paar Vergleiche aus der Bankanalyse:

16,2 USD/t Fortescue Metals
10,2 USD/t Baffinland
3,6 USD/t Consolidated Thompson Iron Mines
2,8 USD/t Northland Resources

Fortescue Metals steht kurz vor dem Produktionsbeginn Mitte 2008 und hat entsprechend eine viel höhere Bewertung. Fortescue Metals wird heute fast 6x höher bewertet als NAU.

In weniger als 2 Jahren beginnt bei NAU die Produktion. Nehmen wir hier die gleiche Bewertung wie bei Fortescue Metals, hat NAU ein Kurssteigerungs-Potenzial von 478% bis Ende 2009 oder eine (fast) Versechsfachung des heutigen Aktienkurses.

Wenn in 2-3 Monaten noch Tapuli dazu kommt, wird der ohnehin niedrige Wert von 2,8 USD/t noch niedriger ausfallen, womit das Upside-Potential noch höher sein wird.

Meine bisherige Einschätzung, dass wir es hier bei NAU mit einem 10-bagger zu tun haben, wird durch die neue Bankstudie bestätigt. Dabei handelt es sich nicht um eine „Markus Bäckermeister Luftnummern-Zielvorgabe“, sondern basiert auf nachvollziehbaren Daten und Angaben. Über das künftige KGV könnte man sich streiten. Ich rechne mit einem später durchschnittlichen KGV 10; wer es konservativer mag, kann ja niedrigere Werte ansetzen.

NAU ist eine der wenigen außergewöhnlichen Gelegenheiten, die sich einem Investor bietet, um ein gut geführtes Unternehmen (gutes Management) mit nachgewiesenen hochwertigen Ressourcen zu spottbilliger Bewertung zu erhalten. Der hohe Cashbestand von vielleicht heute 130 Mio. C$ bietet zusätzliche Sicherheit.

Die in o. g. Bankstudie ermittelten Umsatz- und Gewinnprognosen sind sehr konservativ vorgenommen worden und werden nach m. M. deutlich übertroffen werden.

Wir werden mit NAU noch viel Freude haben ... is just a matter of time ...

Gruß @ all

tommy

[Diego22]

Antwort auf Beitrag Nr.: 33.390.639 von tommy-hl am 16.02.08 11:47:13

Das klingt ja vielversprechend.

Ist die Mine bis zur Produktion schon voll durchfinanziert?
Wo gibt es weitere Risiken?

[tommy-hl]

Antwort auf Beitrag Nr.: 33.392.113 von Diego22 am 16.02.08 18:38:52

Ist die Mine bis zur Produktion schon voll durchfinanziert?

Wegen der Finanzierung laufen zurzeit Gespräche mit mehreren Banken. Hierzu ist aber eine bankfähige Machbarkeitsstudie erforderlich, die in Auftrag gegeben wurde.


Wo gibt es weitere Risiken?

a) Genehmigung der Umweltbehörde steht noch aus (sehe ich aber in Skandinavien als Minenfreundliches Gebiet und wegen bestehender Eisenerz-Förderung in der Nachbarschaft durch LKAB als geringes Risiko an)

b) Ausstehende Finanzierung (siehe oben)

Ansonsten beurteile ich NAU unter den Explorern als relativ "sicheres" Investment ... Mitte des Jahres (ca. Juli) werden scoping studies für die Minen erwartet, die dann schon mal einen ersten Eindruck zur Wirtschaftlichkeit der Projekte geben werden. Die feasibility studies (FS) sollen Ende 2008 erstellt sein.

Falls Du "unsicher" sein solltest, empfehle ich Dir bis zur Veröffentlichung der FS zu warten ...

tommy

[Peekoo]

Hallo tommy,
vielen Dank für Deinen Einsatz. Deine Info. sind sehr hilfreich und gut analysiert.
Ich bin schon sehr lange in NAU investiert und beobachte die Aktie tägl. . Was mich allerdings seit Monaten wundert, ist das hohe Angebot an Aktien in Oslo zu diesen sehr günstigen Kursen. Wer verkauft so massiv diese gute Aktie ? Die Kapitalerhöhung hat doch allen sehr deutlich gezeigt, das die Aktie viel mehr wert ist und das auch grosse Investoren bereit sind zu zu greifen. Warum dann dieses hohe Angebot ? Weit über 500.000 Aktien jeden Tag finde ich für diesen kleinen Wert nicht gerade wenig.
Deine Meinung ?
Ich bin sehr unentschlossen. Nachkaufen oder die ersten 25 % schon bei leicht besseren Kursen (ab €2,10) schon mal Gewinne mitnehmen.

[CaptainBizeps]

Bei Oslo hab ich immer das Gefühl das sie dort sehr Nervös sind.
Auf die guten Nachrichten wird teilweise kaum oder gar nicht reagiert und bei schlechten Nachrichten oder allgemein schlechten Vorlagen aus den USA wird gerne abgegeben.

Das R-Gespenst geht um und zeigt deutlich das man lieber raus will aus solchen Werten als rein, dabei finde ich das eine Rezession schon ordentlich eingepreist wurde.

Zu diesen Kursen zu kaufen verspricht fantastische Gewinne, wenn man durchhält bis die Konjunkturaussichten sich verbessert haben und die eingepreiste Rezession abgebaut wird.

Man rechne zum Spaß mal mit was eine Tonne Erz bewertet ist, das ist doch ein Witz.


Die Frage was man nun tut hängt ganz davon ab was man mit Northland eigentlich erreichen will, ist es nur ne Trading Position oder was langfristiges was wenigstens bis zum Ablauf der Speku liegen soll, auch hängt es davon ab ob man in was besseres umschichten kann oder unbedingt bares braucht.

Ob nun Kauf, Verkauf oder einfach Halten hängt von sehr vielen Punkten ab die bei jedem Investor sehr individuell sind, deshalb sollte ein Investor aus den vorliegenden Infos und seinen eigenen Zielen abwägen was nun für ihn persönlich das Richtige ist.

[CaptainBizeps]

Antwort auf Beitrag Nr.: 33.392.462 von tommy-hl am 16.02.08 20:11:16

@tommy-hl
Sag mal es soll ja noch einiges anliegen(Bohrergebnisse, Resourcenerweiterung, Scoping und FS) aber ich hab da keine Anhaltspunkte wann man damit rechnen kann.
Die Studie der Handelsbanken sagt zwar Juni 2008 für die Scoping Studys aber sie erwartet sie für ALLE Projekte, was wohl kaum stimmen kann das werden doch höchstens die Zugpferde Stora Sahavaara, Hannukainen & Tapuli sein.
Und sonst hab ich da nix gefunden.

Wo haste die Angaben über die Zeitpunkte her?

[tommy-hl]

@ Peekoo

Weit über 500.000 Aktien jeden Tag als „Angebot“ …

Du schaust auf das „Angebot“, also den Verkauf von Aktien und übersiehst dabei die „Nachfrage“, also den Kauf der Aktien. Die Frage ist doch: Wer kauft all diese Aktien, denn ohne Käufer würde ja ein so hohes Handelsvolumen nicht stattfinden …

Die in den letzten Monaten getätigten Verkäufe sind ausgelöst worden durch die Panikmache in den Medien über die Abkühlung der US-Wirtschaft und übertrieben dargestellter Möglichkeit einer Rezession. Was macht man da als kluger Investor?

Was sich so einfach anhört, gehört zu den schwierigsten Entscheidungen im Leben eines jeden Anlegers. Wann ist eine Aktie günstig, wann ist sie teuer? Wann ist der Gesamtmarkt in einer Übertreibung nach oben, wann nach unten? Es liegt in der Natur der Dinge, dass es vor allem Privatanlegern wesentlich leichter fällt, Aktien zu kaufen, wenn die Stimmung bestens ist, als einzusteigen, wenn Angst und Panik vorherrschen.

Doch genau darin liegt das Erfolgsgeheimnis von Investment-Legenden wie Warren Buffett. Dieser befindet sich aktuell auf Einkaufstour und ist besonders dort aktiv (im Finanz- und Immobiliensektor), wo die Angst derzeit am größten ist. Bei Rohstoff-Explorern wie NAU erleben wir Aktienkurse, die nichts mit der Entwicklung des Unternehmens zu tun haben, sondern der allgemeinen Hysterie zuzuschreiben sind.

Entscheidend ist, dass wir (die wir von dem Unternehmen und seinem Management überzeugt sind) uns nicht von der vorüber gehenden Panik anstecken lassen, sondern die derzeitigen Schnäppchen-Kurse zum Einkauf nutzen.

Nach meiner persönlichen (subjektiven) Überzeugung wird NAU die Produktion erfolgreich starten, wird Riesengewinne erwirtschaften und seine Aktionäre reich machen … Aber das ist meine persönliche Schlussfolgerung, losgelöst von der derzeitigen Panik, die nur temporärer sein wird und nichts mit NAU, nichts mit der riesigen Nachfrage nach Eisenerz, und nichts mit dem Gewinnpotenzial dieser Aktie zu tun hat.

Löse Dich von der Massenhysterie, frage Dich wer denn wohl die Aktien kauft (die angeboten werden), befasse Dich mit dem Eisenerz-Markt, verfolge die professionelle Entwicklung des NAU-Managements … und Du kommst zu Deiner eigenen Entscheidung …



@ Captain

Zunächst mal stehe ich mit dem Unternehmen in persönlichem Kontakt. NAU ist mein Top-Favorit und hier investiere ich meine größte Summe an Geld, weil all die mir vorliegenden Informationen nur eines ergeben: Maximales Gewinn-Potenzial bei relativ niedrigem Risiko (z. B. Ressourcen in Schweden und Finnland).

Bevor ich mein privates Geld in eine Sache oder ein Unternehmen stecke, frage ich mich: Was springt für mich dabei heraus? Welches Risiko besteht? Wie hoch mag der Gewinn sein? Bei NAU stimmt einfach alles: Niedriges Risiko bei hoher Gewinnchance …

Hier mal die drei Hauptprojekte mit einigen Angaben und den zu erwartenden weiteren kurzfristigen Maßnahmen:


Tapuli – Das Ziel ist es, die Produktion schon Ende 2009 zu starten (fast track)

[tommy-hl]

.
Chinesische Stahlkocher werden wohl eine Rekord-Preiserhöhung für Eisenerz in 2008 akzeptieren müssen ...


Steel firms may have to accept rise

Steel makers may be forced to accept a near-record increase in the price of iron ore because Chinese demand is outpacing supply and spot prices have surged, analysts said.

Iron ore sold under long-term supply contracts probably will rise 45 percent to 80 percent once steel makers and mining companies conclude annual negotiations for 2008, according to four analysts surveyed by Bloomberg News. The biggest gain ever was 71.5 percent in 2005.

Cia. Vale do Rio Doce, BHP Billiton Ltd and Rio Tinto Group, the world's three biggest iron-ore producers, are seeking to raise prices for a sixth straight year. The companies may be pushing for a bigger increase after spot prices rose in January to almost twice the 2007 contract price, said Rogerio Zarpao, a steel analyst at Unibanco.

"Opening the negotiations at 100 percent would not be absurd, but prices are more likely to close at 70 to 80 percent," Roger Downey, director of equity research for Credit Suisse in Sao Paulo, said yesterday. Credit Suisse on January 17 raised its official forecast to 55 percent from an estimate late last year of 35 percent.

Citigroup Global Markets last week doubled its price rise forecast to 60 percent from 30 percent after Australian producers diverted more iron ore to the spot market.

Shanghai Daily February 13, 2008)
www.china.org.cn

[Peekoo]

Eisenerz wird immer teurer:

Melbourne (BoerseGo.de) - Der australische Minenriese Rio Tinto befindet sich mit den Stahlherstellern noch immer in Verhandlungen über die Preishöhe für Eisenerzlieferungen in 2008. Wie das Unternehmen weiter mitteilte, wurde mit Vale, Posco und Nippon Steel eine Preiseinigung für Eisenerz aus den Regionen Carajas und Itabira erzielt. Rio Tinto sucht nun nach einer Klärung der Lage, um weitere Übereinkünfte zu erzielen.

Vergangenes Wochenende haben sich gemäß der Nachrichtenagentur Dow Jones Nippon Steel und Posco gegenüber dem brasilianischen Bergbauunternehmen Companhia Vale do Rio Doce zur Zahlung eines Aufschlags für Eisenerze in Höhe von 65 Prozent bereit erklärt.

[tommy-hl]

.
Warum NAU zu meinen Favoriten gehört

Ich wurde gebeten noch einmal kurz zusammen zu fassen, warum Northland Resources zu meinen Favoriten gehört. Auch wenn ich das schon hier und da mitgeteilt habe, will ich das für alle (und vielleich für die neu Interessierten) kurz zusammenfassen.

Allgemeines Explorer-Risiko

Erst einmal muss man sich als Investor im Klaren darüber sein, dass ein Investment in ein noch nicht produzierendes Unternehmen, das logischerweise noch keinen Gewinn erwirtschaftet, generell ein paar Risiken beinhaltet. Solange sich ein Explorer in der Vor-Produzentenphase befindet, ist diese Aktienanlage eine Spekulation auf die Zukunft.

Doch gibt es Unterschiede in der Entwicklungsphase, die ich mal wie folgt definiere:

1. Das Unternehmen hat nur Zielgebiete ohne Testergebnisse aus Bohrungen (hyper-spekulativ, bevorzugt von Pusher-BB)
2. Es gibt bereits sporadische Bohrergebnisse, die einen gewissen Mineralgehalt von Unternehmensseite her nachweisen (hoch spekulativ)
3. Es wurde ein bestimmtes Gebiet mit Testbohrungen in einem definierten Abstand gemacht, als Vorläufer für eine NI 43-101 Ressourcenbestimmung, um die Größe eines Erzkörpers nachzuweisen (spekulativ)
4. Es wurde von einem unabhängigen Gutachter eine NI 43-101 Ressourcenbestimmung bestätigt (minder spekulativ).
5. Gibt es eine vorläufige Machbarkeitsstudie, eine endgültige Machbarkeitsstudie oder eine bankfähige Machbarkeitsstudie


Außerdem sind äußerst wichtig:

1. Qualität/Erfahrung des Managements
2. Wie viel Cash ist vorhanden
3. Wie lange dauert es, bis die Produktion voraussichtlich starten wird.
4. Finanzierung bereits geklärt oder wann kommt die Finanzierungszusage
5. Vorhandene Infrastruktur (Schienen, Straßen, Hafen für Umschlag auf Schiffe, Elektrizität, Wasser)
6. In welchem Land soll das Erz gefördert werden (Länderrisiko)
7. Genehmigungen für die Produktion, für die Unbedenklichkeit der Umweltbehörde liegen vor
8. Wie sieht die Zukunft (Angebot/Nachfrage) des zu fördernden Rohstoffes aus?
10. Wie hoch ist die Marktkapitalisierung, wie hoch ist das geschätzte Kurspotenzial

Aus der Kombination obiger (und vielleicht noch anderer Punkte) ergibt sich dann ein Chance/Risikoprofil. Ein Explorer, der schon alle Genehmigungen, die bankfähige Machbarkeitsstudie und Finanzierungszusage hat, hat weniger Risiko aber dann meist auch weniger Kurspotenzial.

Eine Profiregel besagt: Länderrisiko geht vor Unternehmenschance!
Das bedeutet, dass ein Unternehmen noch so gute Eigenschaften und Chancen besitzen kann, aber wenn das Länderrisiko (Kongo, Venezuela u. a.) zu groß ist, wird dort nicht investiert! Denn ein Handstreich des Diktators/Herrschers in diesem Land kann das bislang private Unternehmen zur Enteignung führen und macht jedes Investment kaputt!


Kommen wir zu Northland Resources:

Mit seinen rohstoffreichen Liegenschaften in Finnland und Schweden befindet sich das kanadische Explorations-Unternehmen Northland Resources in den Minenfreundlichsten und politisch stabilsten Ländern der Welt und wird mit seiner Eisenerz-Förderung ab voraussichtlich Ende 2009 auf weit offene Türen bei den Stahlherstellern treffen.

Northland Resources gehört zu meinen Favoriten im Explorerbereich weil Northland Resources zum jetzigen Zeitpunkt eine einzigartige Kombination von Vorzügen bei gleichzeitig akzeptablem Chance/Risiko-Verhältnis bietet. Hierzu gehören u. a.:

+ Erstklassige Liegenschaften mit hohen Erzgehalten (zurzeit 500 Mio. t, Ziel 1.000 Mio. t Eisenerz)
+ Begehrtes und strategisch bedeutendes Metall Eisenerz, das deutliche Preissteigerungen aufweist und bei weiter zu erwartendem Preisanstieg den Gewinn von Northland Resources noch erhöhen wird.
+ Erstklassiges Management
+ Unterstützung durch die lokalen Kommunen vor Ort (Verringerung der Arbeitslosigkeit in den Minengebieten)
+130 Mio. $ Cash-Reserve
+ NI 43-101 Bestätigung der jetzigen Ressourcen
+ Derzeit völlige Unterbewertung in Bezug auf die vorhandenen Ressourcen und auf das Kurspotenzial.
+ Produktionsbeginn Ende 2009 der ersten Mine, die zweite in 2010, die dritte in 2011 sorgen für ständig wachsende Umsätze und Gewinne
+ Länderrisiko gleich Null, da Schweden und Finnland politisch und wirtschaftlich zu den sichersten und stabilsten Regionen in der Welt gehören
+ Infrastruktur vorhanden (der fehlende 20 km Schienenweg wurde von Finn-Rail bereits zugesichert)
+ Anbindung über Schienenweg an Ostseehäfen mit vorhandenen Verladeeinrichtungen
+ Geringe Transportkosten zu europäische Stahlkochern, damit Vorteil gegenüber Lieferungen aus Südamerika oder Australien
+ Northland Resources ist vom Markt noch relativ unentdeckt. Wenn erst einmal Fonds und andere institutionelle Investoren einsteigen, werden wir ganz andere Kurse sehen
+ Zurzeit laufen Gespräche/Informationsaustausch mit zwei nordamerikanischen Investmenthäusern. Hier könnte es in den nächsten Monaten zu neuen Kaufstudien kommen, die neue Investoren in diese Aktien ziehen.
+ Gespräche zur Finanzierung laufen bereits mit mehreren Banken.

In diesem Entwicklungs-Stadium (knapp 2 Jahre vor Produktionsstart) findet man kaum einen anderen Explorer, der ein derart günstiges Chance/Risiko-Verhältnis aufweist.

Die neuen Studien von Svenska Handelsbanken und von Pareto Securities ergeben beide, dass wir in NAU ein attraktives Investment mit hohem Kurspotenzial haben.

Ich kann nur jedem raten, sein eigenes Research zu machen, das Unternehmen und seinen künftigen Markt zu durchleuchten und dann seine eigenen Schlüsse daraus zu ziehen.

tommy

[tommy-hl]

.
Consumption of iron ore skyrocketing

By: Esmarie Swanepoel - Published: 15 Feb 08

A worldwide iron-ore supply deficit of between 20-million tons and 25- million tons is likely in 2008, international financial services group Credit Suisse states. This deficit comes on the back of a high demand from steel mills.

Credit Suisse also expects annual term iron-ore prices to rise by 55%, versus a consensus forecast of a 35% price hike. Iron-ore producers Vale, Rio Tinto and BHP Billiton set the price of iron-ore annually, after negotiations with steel producers in Europe, Japan and China.

Global financial services firm Lehman Brothers says iron-ore prices are expected to “exceed” market expectations “significantly”. While global consumption of most metals and bulk commodities has, in the last five years, skyrocketed, a lack of available supply has limited global consumption of iron-ore.

Last year was one of the tightest-ever markets for iron-ore, leaving some steelmakers short of the raw material, while Asian heavyweight China was the largest consumer of iron-ore, which translated into steel production reaching the 489-million-ton mark.

The International Iron and Steel Institute (IISI) reports that it typically takes about 1,5 t of iron-ore, and about 450 kg of coke, to produce one ton of pig iron, the raw iron that comes out of a blast furnace.

Most iron-ore is extracted in the opencast mines of Australia and Brazil, carried to dedicated ports by rail, and then shipped to steel plants in Asia and Europe.

Iron-ore has become an investor’s choice and the seaborne iron-ore market is benefiting from a combination of very strong demand growth, particularly in China, and a slowdown in supply growth from India and the domestic Chinese mines.

Exports from Brazil and Australia have also failed to meet expectations owing to weather- related problems and infrastructure constraints, adds Lehman.

The rate of Chinese iron-ore production is slowing, though still up by about 20% year-on-year from January to November, in 2007. Lehman states that after peaking at almost 68-million tons in June 2007, the country’s monthly iron-ore production has been relatively stable between 60-million and 65-million tons a month.

China’s imports of iron-ore from India have been slowing dramatically, owing to supply constraints and consequently increased by only 4% in 2007. Nearly a quarter of Chinese iron-ore is imported from neighbouring India.

With iron-ore production not meeting expect-ations, iron-ore inventories in China are reported to be unusually low, transport problems and bad weather denying some mills supplies of the sought-after ferrous metal.

Meanwhile, Lehman finds that the marginal cost of production of iron-ore has been increasing, as higher-quality Chinese iron-ore resources are depleted and an increasing portion of Chinese mine supply of iron-ore is coming from small, low-grade, underground mines. This high-cost, nontraditional supply has been necessary to meet underlying demand, and the company states that it is estimated that the marginal cost of iron-ore is currently at least $85/t, and rising.

Spot prices for Indian ore in China have surpassed the $200/t mark, against a delivered cost of $85/t for Australian iron-ore, bought under contract, and a delivered cost for Brazilian ore of $135/t.
Iron-ore producers Rio Tinto and BHP Billiton sell most of their iron-ore on contract, losing out on a spot price that has increased some 150% since the beginning of 2007.

Rio Tinto has let it be known, however, that it is increasing spot-market sales, the company selling a million tons on spot during December, with another million in January.

The higher-than-expected prices should be a positive for Rio Tinto, and may put added pressure on BHP Billiton in its offer for Rio.

PROPOSED MERGER
Iron-ore-mining is a low-margin, high-cost business, where hundreds of millions of tons of material must be dug up and transported by rail, to distant ports for shipment. It is also one of the key reasons why BHP Billiton is seeking to merge with Rio Tinto.

BHP Billiton CE Marius Kloppers has argued that a tie-up with Rio Tinto would unlock compelling synergies in iron-ore-mining in Australia, where both companies mine neighbouring lodes.

Rio Tinto, which plans to boost its annual ore output by about 23%, to 220-million tons next year, has so far rebuffed BHP’s advances, preferring to underline the value of remaining independent.

Rio Tinto’s CE Tom Albanese, however, has not ruled out accepting an improved offer from BHP Billiton. “It’s again all about value. If the value’s not there, it’s not there. If it is there, it is there. But I wouldn’t want to speculate on anything specifically,” he told Sky Television.

The IISI released a statement shortly after BHP Billiton’s plans were announced, stating that the merger was not in the public interest, and should not be allowed to proceed. The IISI argues that Vale, Rio Tinto and BHP Billiton dominate the seaborne iron-ore business, accounting for more than 70% of total world trade.

“Any further consolidation between the big three will create a virtual monopoly in the business,” IISI secretary-general Ian Christmas says.

South Africa’s foremost iron-ore producer, Kumba Iron Ore (KIO), agrees that the tie-up of the mining giants would drive prices even higher.

KIO CFO Vincent Uren says that the two majors had taken different approaches to negotiating prices in the past, and would be able to demand higher prices, which would have a knock-on effect for other producers.

BHP Billiton’s defence is that the combined entity would get more iron-ore to market at a quicker rate.

“The volumes of raw materials that the combined company would supply far exceeds what BHP Billiton and Rio Tinto were able to achieve as two separate standalone entities,” Kloppers tells Mining Weekly. He adds that the transaction is a procustomer value proposition.

The Beijing Axis reports that the deal will have little effect on the reality of China’s dependence on foreign iron-ore. “China has seen the writing on the wall of the resources marketplace, and the only viable reaction is for Chinese resources companies, small and large, to make foreign resources investments. This has been a growing trend for the whole life of the commodities boom, and is set for a boom of its own,” the publication states.

In an unexpected development, the Aluminium Corporation of China (Chinalco) has teamed up with Alcoa to buy a stake in Rio Tinto, ahead of the February 6 deadline placed on the BHP Billiton bid.

The $14-billion transaction will ensure a 12% stake in the plc shares of Rio Tinto, implying a 9% stake in the group.

Numis Securities analyst Simon Toyne said in an emailed statement that while this is a sub- 10% stake in the Rio group, the company believed it still acted as a blocking stake, given that the joint venture owns 12% of the plc shares, which are a separate legal entity.

“This puts substantial pressure on BHP Billiton, given that the ‘put up or shut up’ deadline is just days away,” he said.

A GROWING MARKET
Responding to the world demand, iron-ore- miners are earmarking billions of dollars to expand mines, build new ore freighters and automate operations to dig faster and deeper, to satisfy steel mills hungry for more ore.

Rio Tinto shows its project efficiency in the completion of the $1,4-billion Dampier Port upgrade, in Western Australia, whence Pilbara iron-ore is shipped. The upgrade at the port has increased its capacity by 90%, up from 74-milion tons a year to 140-million tons a year.

“We are investing heavily to take advantage of the strong demand growth in the global market, particularly in China,” Rio Tinto Iron Ore CE Sam Walsh says.

The first phase took yearly port capacity from 74-million tons to 116-million tons, and the second phase to the current capacity of 140- million tons, comprising Parker Point at 94- million tons and East Intercourse Island at 46- million tons.

The installation of two new ship loaders at the Parker Point wharf allows two vessels to be loaded simultaneously and a 600-m extension of the wharf allows up to four vessels to be berthed at a time, which reduces ship waiting.

The first iron-ore from the Hope Down project was carried by train to Dampier Port, in December, ready for shipment as part of Rio Tinto Iron Ore’s new product, the Pilbara blend.

Construction of the $1-billion Hope Downs joint venture mining project was completed in December last year, three months ahead of schedule. In August 2007, a further $350- million was committed to expanding the mine’s yearly capacity from 22-million tons, to 30-million tons.

During December, Rio Tinto announced a $71-million feasibility study to assess the Hope Downs Four deposit, as an extension of the existing Hope Downs joint venture.

The diversified miner also bought three 250 000-t ore carriers to transport iron-ore from its mines in Western Australia, and potentially from the Simandou mine, in Guinea, to customers in China and elsewhere.

The cost of the three vessels is $315-million and will be delivered from late 2012. The vessels will play a critical role in consolidating Rio Tinto’s iron-ore position in the global market.

To maintain and increase its share, the divers-ified miner was expanding the capacity of its Pilabra iron-ore operations to 220-million tons by 2009, supported by long-term contracts, hybrid contracts, and spot sales.

“Competitive freight and freight management are important levers in our growth plans. These very large ore carriers will assist us in continuing to provide our customers with better delivery options well into the future, while locking in low, long-term freight rates for the benefit of our shareholders,” Walsh says.

Rio Tinto is not the only diversified miner to invest capital in the iron-ore market. Mining group Anglo American plans to invest an estimated $16-billion through to 2017, to boost iron-ore output at its Brazilian mines to 100-million tons a year.

“I think the market offers possibilities for growth in the future, principally the market of iron-ore,” Anglo American CE Cynthia Carroll says.
http://www.miningweekly.co.za/article.php?a_id=127058

[SKGold]

Antwort auf Beitrag Nr.: 33.404.281 von tommy-hl am 18.02.08 19:01:40

Hallo tommy,

dass ist mal wieder eine klasse Zusammenfassung von Dir!

Danke für die Infos.

Gruß

[CaptainBizeps]

Schau an:
http://www.northlandresourcesinc.com/i/pdf/NAU_2008_Prices_U…

[SKGold]

Ich bin zwar kein Chartprofi aber der Chart riecht förmlich nach Ausbruch und der Weg sollte frei sein wenn es durch die 16 geht.
Aber wie gesagt ist nur meine Meinung.

http://www.finanztreff.de/1/chartNG.gfn?u=100&lateIndex=1&ov…

[SKGold]

Antwort auf Beitrag Nr.: 33.409.893 von SKGold am 19.02.08 12:40:14

[kody]

Angesichts der enormen Preissprünge bei Eisenerz ist mir die Kursentwicklung rätselhaft. Unter normalen Umständen würde man erwarten, dass der Kurs nicht nur seitwärts tendiert?? Gibt es irgendeine Leiche im Keller??

[supernova1712]

Antwort auf Beitrag Nr.: 33.411.249 von kody am 19.02.08 14:37:23

Da Northland heute noch nicht produziert, können sie von den heutigen Erzpreisen auch noch nicht profitieren.

Aber je näher sie dann der Produktion kommen, desto stärker wird der aktuelle Eisenpreis im Kurs eingepreist.

[kurtanton]

TSX:NAU

[tommy-hl]

.
65% Preiserhöhung für Eisenerz sind Rio Tinto nicht genug!

Rio Tinto May Break With Other Producers on Iron Ore Price

By TIM JOHNSTON - Published: February 21, 2008

SYDNEY, Australia — Rio Tinto, the world’s second-largest iron ore producer, has indicated that it is not satisfied with the 65 percent increase in the benchmark ore price negotiated by Companhia Vale do Rio Doce, the Brazilian mining conglomerate, with Nippon Steel of Japan and Posco of South Korea.

CNBC: Rio Tinto Chief on BHP Buyout Bid Rio Tinto’s aggressive stance could put pressure on Chinese steel makers, which are major customers for Australian ore, and may signal the beginning of the end for the benchmark system of iron ore pricing.

Under that system, world iron ore prices have typically followed annual benchmarks set by one of the three major ore producers — Vale, Rio Tinto and BHP Billiton — in their negotiations with major consumers. Those three companies account for almost three-quarters of global iron ore output.

The Australian media have speculated that BHP Billiton also intends to try to secure a greater price increase. A spokeswoman for BHP, which has made a bid to take over Rio Tinto, declined to comment.

The deal reached this week by Vale, the world’s largest producer of iron ore, allows for a 65 percent increase in the price of Itabira ore and a 71 percent increase in the price of the premium Carajás ore. The contract takes effect April 1.

But Rio Tinto has said it is looking for greater flexibility, including the ability to factor in the relative advantages of freight distances.

“Rio Tinto will continue to negotiate to obtain a freight premium, to reflect its proximity to Asia and its major customers,” Sam Walsh, chief executive for the company’s iron ore group, said in a statement.

Rio Tinto’s argument is that the steel mills are paying significantly less for Australian ore when it is priced at the Chinese port, and it wants a share of some of that saved money.

“We believe that more recognition of our geographical proximity to major markets should be reflected in the price,” a spokesman for Rio Tinto Iron Ore, Gervase Greene, said Wednesday.

Freight is a significant factor in input prices, accounting for some 30 percent of the landed cost of Australian iron ore in China, and almost 50 percent of the cost of Brazilian iron ore.

At the moment, the benefit of that cost difference is accruing entirely to Asian steel producers.

Steel makers in China produce about half the world’s supply, and the country’s growing economy has fueled a rise in raw material prices. Even before the deal negotiated by Vale, iron ore prices had almost tripled in the last five years.

Most iron ore is sold under long-term contracts, but companies like Rio Tinto are now trying to sell more on the spot market to take advantage of the increasing premium for spot ore.

The benchmark price for iron ore is currently about $60 a ton. On the spot market, driven almost entirely by Chinese demand, prices are just under $200 a ton delivered.

Chinese steel producers are already coming under pressure from rising fuel prices and a slowing global economy. Analysts speculated before the announcement that they were looking for rises of around 30 percent.

There have been no public comments from Chinese mills since Vale’s announcement.

Last month, BHP signed a 10-year deal with Baosteel of China to supply 100 million tons of ore. The deal was not priced on the benchmark.

“It was a hybrid pricing model,” a BHP spokeswoman, Samantha Evans, said Wednesday. “Long-term contract prices have traditionally only referred to the benchmark. We are saying they need to have the flexibility to accommodate more market-driven approaches.”

Ms. Evans declined to say whether BHP was pursuing similar deals with other customers.
www.nytimes.com

[tommy-hl]

.
Northland Resources (NAU) – Update Umsatz/Gewinnprognose

Durch die vor kurzem veröffentlichten Bohrergebnisse beim Tapuli-Projekt konnten die Ressourcen von NAU um rund 100 Mio. t Eisenerz erweitert werden (NI 43-101 Gutachten wird für April erwartet). Das Management hat beschlossen, den Produktionsbeginn für das Tapuli-Projekt vorzuziehen, weshalb sich eine Produktionsverschiebung für Stora Sahavaara um ca. 6 Monate ergibt. Deshalb habe ich meine Umsatz/Gewinnprognose überarbeitet.


Name des Projektes Tapuli . Stora Sa. . Hannukainen
Produktionsstart: ….. E2009 .. 2010 ……. 2011
Volle Produkt. ab: …. 2010 … 2011 ……. 2012
Gefördertes Erz …… 5 Mio. t . 8 Mio. t … 9 Mio. t
Eisengehalt ca. ……. 27% ….. 43% ……. 35%
Eisenerz-Lieferung .. sinter …. pellets …. pellets
Nebenprodukt Kupfer ------- ... 5000 t ...... 12000 t


Umsatz/Gewinnprognose:
Kalkulatorisch angewandte Preise:
Eisenerz (sinter) 130 US-Cents/dmtu (Preis für Januar 2008: 139 US-Cents)
Eisenerz (pellets) 150 US-Cents/dmtu
Kupfer 5.000 $/t
Evtl. Preissteigerungen wurden nicht berücksichtigt


Tapuli - Umsatz
Jahr . Eisenerz
2010: $ 175 Mio.
2011: $ 175 Mio.
2012: $ 175 Mio.
2013: $ 175 Mio.

Stora Sahavaara - Umsatz
Jahr . Eisenerz … Kupfer ……… Gesamt
2010: $ 170 Mio. $..10 Mio. $ .... 180 Mio
2011: $ 515 Mio. $..25 Mio. $ .... 540 Mio.
2012: $ 515 Mio. $..25 Mio. $ .... 540 Mio.
2013: $ 515 Mio. $..25 Mio. $ .... 540 Mio.

Hannukainen - Umsatz
Jahr . Eisenerz … Kupfer ……… Gesamt
2011: $ 150 Mio. $..20 Mio. ... $ 170 Mio.
2012: $ 470 Mio. $..60 Mio. ... $ 530 Mio.
2013: $ 470 Mio. $..60 Mio. ... $ 530 Mio.

Umsatz aller drei Minen zusammen:
Jahr . Eisenerz … Kupfer ……… Gesamt
2010: $ 345 Mio. $..10 Mio. ... $ . 355 Mio.
2011: $ 840 Mio. $.. 45 Mio. .... $ . 885 Mio.
2012: $ 1160 Mio. $ 85 Mio. .... $ 1245 Mio.
2013: $ 1160 Mio. $ 85 Mio. .... $ 1245 Mio.


Geschätztes Ergebnis: 2010 …… 2011 ……. 2012 …..… 2013
Gesamtumsatz . USD 355 Mio. …. 885 Mio. ..1245 Mio. . 1245 Mio.
Opex (operating cost) 140 Mio. ..... 355 Mio. ... 490 Mio. ... 500 Mio.
Capex/AfA ………....….. 60 Mio. ...... 90 Mio. .... 100 Mio. ... 100 Mio.
= EBIT (earning bf tax) 155 Mio. ... 440 Mio. .... 655 Mio. ... 645 Mio.
minus Zinsen (interest) 70 Mio. ... 100 Mio. ...... 90 Mio. ..... 70 Mio.
= EBT (Bruttogewinn) ... 85 Mio. .. 340 Mio. .... 565 Mio. ... 575 Mio.
minus Steuer (tax) ....... 25 Mio. ... 110 Mio. … 170 Mio. ... 170 Mio.
= Netto-Profit/Gewinn … 60 Mio. …230 Mio. … 395 Mio. … 405 Mio.
= E/S Gewinn pro Aktie: 0,51 $ …… 1,95 $ …… 3,35 $ …… 3,43 $ (118 Mio. Aktien)
= Gewinn pro Aktie: …… 0,34 € …… 1,30 € …… 2,23 € …… 2,29 €
= KGV (Kurs 1,90 €): … KGV 5,6 … KGV 1.5 … KGV 0,9 .. KGV 0,8

Selbst wenn man den ungünstigen Fall einer evtl. Kapitalerhöhung in Höhe von 200 Mio. USD annehmen würde, und damit die Aktienanzahl von jetzt 118 Mio. auf ca. 200 Mio. Stück steigen würde, ergibt das für 2012 ein KGV 1,5. In dem Fall wären aber der Finanzierungsbedarf und damit die Zinsen niedriger, so dass das ein KGV 1,4 ergibt.

Ich selber rechne nicht mit einer so hohen KE. Obige aktualisierte Umsatz/Gewinnkalkulation ergibt für mich das Potenzial eines 10-baggers für NAU bis 2012. Die Preiserhöhungen beim Eisenerz werden den Gewinn noch erhöhen.

tommy

[Varenatur]

I am sorry if this has already been posted - but here is a thorough presentation of the Tapuli project:

http://www.northlandresourcesinc.com/i/pdf/TapuliReportJan08…

Nicely detailed, and also gives a general idea of the company and its future plans.

[tommy-hl]

.
“Eisenerz ist das neue Gold” ... sagt Keith Goode
Fortescue entwickelte sich vom Pennystock zum Milliarden-Dollar Unternehmen …

Könnten Explorer wie Northland Resources und Consolidated Thompson das in ähnlicher Weise wiederholen … frage ich …?

Australia's richest man turns iron ore into gold
NEWSMAKER - Sun Feb 24, 2008

SYDNEY, Feb 24 (Reuters) - A promise to turn rust-red iron ore into gold for investors has transformed Andrew Forrest from a "penny stock" mining entrepreneur with a dream into Australia's richest man, worth more than $7 billion.

After a decade promoting everything from Cuban-style nickel mining to underground desert oceans, Forrest appears to have hit paydirt with iron ore. In December, he surpassed media tycoon and close friend James Packer as Australia's wealthiest person.

"Iron ore is the new gold," says Eagle Mining Research analyst Keith Goode.

Worldwide, iron ore prices have been rising for the past six years straight, increasing a whopping 65 percent in 2008 alone, thanks to an appetite among Chinese steel mills for imported ore.

Besides amassing a fortune that would make even his Perth neighbor Alan Bond blush, the former stockbroker has become one of Australia's most generous philanthropists. He has donated millions of dollars to fight poverty and alcoholism among aborigines, many of whom he employs digging mines and laying railroad tracks hundreds of miles across the outback.

His one rule: alcohol must be banished before his money goes to any aboriginal community, says his spokesman Paul Downie. Forrest, 47, has said he would rather give his billions away than die rich and is loathe to shoulder his three children with the "burden" of his fortune.

"What all my kids know is that they're not going to inherit it and they're happy about that," Forrest told the West Australian newspaper last year.
Forrest was traveling and unavailable to comment for this article, Downie said.

From just a few pennies in 2003, stock in Forrest's Fortescue Metals Group galloped to more than A$60 ($55) before splitting 10 for one in December to enable a loyal legion of mostly small investors a chance to afford more shares.

Fortescue also counts Russian billionaire Viktor Rashnikov as a believer after Rashnikov's Magnitogorsk Iron & Steel Works payed about $400 million for a 5.2 percent stake in September.

Rumours are rife Rashnikov may try and acquire the whole company in order to divert millions of tonnes of ore that Forrest has promised to China to Magnitorsk-owned steel mills in Russia. To do so, he would need the Forrest family's 36 percent holding in the company.

Nicknamed "silver tongue" in the mid-1990s after convincing a group of U.S. bond holders to put up $420 million in debt funding to build a company making nickel metal in the outback using rejigged Cuban technology, Forrest has already sold 45 million tonnes of ore to some of China's biggest steel mills, though Fortescue won't make its first shipments until May.

"China can't import enough iron ore, they're desperate for the stuff," says James Wilson, a mining analysts for DJ Carmichael & Co in Perth. "Forrest is a smart guy and saw this coming before a lot of other people."

The boom hinges on China's willingness to import much of the ore it needs to support its massive industrialisation rather than better exploit its own natural resources.

Forrest, who battled a bad stutter as boy and who spent summers as a jackeroo, or cowboy, near aboriginal outposts, portrays Fortescue as a David to the international Goliaths Rio Tinto and BHP Billiton, who have long cornered Australia's ore reserves but are now struggline to keep pace with demand.

He is battling both companies in court to be allowed to ship Fortescue's ore on their private rail lines.

"Forrest is the quintessential Aussie bloke, just as happy to say g'day to the garbage man as the prime minister," says Tim Treadgold, a mining commentator in Perth."He just happens to be the richest Aussie bloke."
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSYD10086920080224

[SKGold]

Antwort auf Beitrag Nr.: 33.455.255 von tommy-hl am 23.02.08 12:22:50

Danke für die sachliche und informative Arbeit die Du hier ablieferst.
Naja wenn Eisenerz das neue Gold werden sollte, ich habe nichts dagegen im Gegenteil, wir profitieren alle davon.

[dafi1974]

Antwort auf Beitrag Nr.: 33.455.255 von tommy-hl am 23.02.08 12:22:50

klasse thread
bin noch 100%moly investiert,halte aber eisenerz für die zur zeit bessere story
bin auf der suche nach einem guten explorer (eisenerz)nun northland wäre da der erste kandidat aber vielleicht kennst du den zweiten kandidaten STRIKE RESOURCES aus australien
wäre dankbar für deine meinung und analyse
danke

[dafi1974]

ok eine frage habe ich noch
wenn doch eine tonne eisenerz ca.100 $ kostet wer bezahlt den transport der produzent oder der abnehmer.
meistens liest man nur die produktions und transportkosten des unternehmens xy belaufen sich auf 20 $ pro tonne aber mit transportkosten meinen sie die strecke von der miene bis zum hafen.
wer zahlt jetzt die route über den pacific oder atlantic der produzent oder abnehmer?

[tommy-hl]

Antwort auf Beitrag Nr.: 33.460.651 von dafi1974 am 24.02.08 17:04:15

bin auf der suche nach einem guten explorer (eisenerz)nun northland wäre da der erste kandidat aber vielleicht kennst du den zweiten kandidaten STRIKE RESOURCES aus australien
wäre dankbar für deine meinung und analyse

Ich selber bin in Northland Resources (NAU) und Consolidated Thompson Iron Mines (CLM) investiert. Beides sind m M. nach erstklassige Firmen, die ihren Weg zum erfolgreichen Produzenten machen werden. NAU hat m. M. nach das größere Kurs-Potenzial auf Sicht von 3 Jahren, während CLM schon weiter in der Entwicklung ist, die Produktion in H1-2009 beginnen wird (NAU erst E.2009) und damit weniger Risiken hat. Es hängt vom persönlichen Anlage- und Risikostil ab, welcher der beiden Explorer die bessere Wahl wäre.

Einen dritten Eisenerz-Explorer suche ich noch. Bin gerade mit dem Management von FerrAus in Kontakt, kann aber dazu noch keine Aussage machen, da man mir (und allen anderen Anlegern) die Ergebnisse der Machbarkeitsstudie verweigern will. Handelt sich angeblich um ein "internes Betriebsgeheimnis" ... ? Habe ich bisher noch nicht erlebt und, sollte es bei einer Verweigerung der Auskunft bleiben, wird FerrAus von mir nicht weiter verfolgt. Insofern suche ich noch eine dritte Company ...

Zu STRIKE RESOURCES kann ich keine Aussagen machen, da mir (noch) unbekannt. Kannst Du dazu mal ein paar Fakten posten (Ressourcenvolumen nach NI 43-101 oder Unternehmensschätzungen, Land, gibt es eine Machbarkeitsstudie, wann Produktionsbeginn, Marktkapitalisierung, Cash-Bestand, Fe-Gehalt im Erz, Tagebau oder Untertage …)?



ok eine frage habe ich noch
wenn doch eine tonne eisenerz ca.100 $ kostet wer bezahlt den transport der produzent oder der abnehmer.
meistens liest man nur die produktions und transportkosten des unternehmens xy belaufen sich auf 20 $ pro tonne aber mit transportkosten meinen sie die strecke von der miene bis zum hafen.
wer zahlt jetzt die route über den pacific oder atlantic der produzent oder abnehmer?

Eine Tonne Eisenerz kostet nicht unbedingt 100 $. Der Preis hängt ab vom Eisengehalt, Erz-Zustand und Lieferort. In Machbarkeitsstudien von Explorern sind die Transportkosten meist in den „operating cost“ enthalten.

Es gibt Unterschiede ob FOB-Lieferung (z. B. FOB Brazil port) oder C&F-Lieferung (z. B. C&F Shanghai).

Deshalb kommt es zu verwirrenden und unterschiedlichen Aussagen oder Anwendungen. Nur den $-Preis pro Tonne ohne weitere Angaben zu vergleichen wäre wie ein Vergleich von "Äpfeln und Birnen".

International wird für den Preisvergleich die Bezugsgröße „dry metric ton unit“ oder „dmtu“ mit der Angabe über den Fe-Gehalt und Zustand des Erzes verwendet.

Beim FOB-Preis (free on board Verkäufer-Hafen) bezahlt der Käufer die See-Fracht direkt. Beim C&F-Preis (cost & freight paid) sind die See-Frachtkosten bis zum Bestimmungshafen des Käufers im Preis des Verkäufers enthalten.

NAU hat für seine Lieferungen ab finnischem Seehafen einen großen Frachtkosten-Vorteil für Lieferung an europäische Stahlkocher gegenüber Lieferungen aus Brasilien oder Australien.

Hoffe, dass Dir diese Angaben weiter helfen und warte auf Deine Infos zu Strike ...

tommy

[dafi1974]

muss morgen früh aufstehen deswegen mal auf die schnelle was ich noch weiss(wenn du mal zeit hast lese dir mal auf der HP den 2007 Annual Report richtig durch sehr gut gemacht,habe etwas länger gebraucht da meine buisness-englisch kentnisse nicht die besten sind)


STRIKE RESOURCES(SRK)-Australien
die MK beträgt 130 mil.aus $
haben mehrere projekte aber zwei sind sehr interesant
APURIAMAC und CUZCO in Peru

zu apuriamac-JORC Inferred Resources 172 mil tonnen 62% Fe
ziel des unternehmes ist die auweitung der resources auf 520-730 mil tonnen.man will 20 mil tonnen pro jahr abbauen die PFS dazu ist letztes jahr in auftrag gegeben worden und soll Q1 2008 kommen.
die produktion soll 2011/12 beginnen und sie wollen das erz mit einer slurry pipeline zum hafen transportieren.

zu cuzco-sie erwarten 570-650 mil tonnen erz.
das beste dabei ist dass man vor hat 2009 mit einer mini-produktion
von 2 mil tonnen anzufangen.die studie dazu läuft und müsste bald kommen,am sonsten wollen sie später 20 mil tonnen abbauen
man will die nahgelegene eisenbahnlinie nutzen um das erz zum hafen zu transportieren

nur noch eine kleine anmerkung zu den zielen des unternehmens die erzmenge auf über eine mlrd auszuweiten.die gebiete sind schon zum teil von peruanischen ministerium für energie und minenbau untersucht worden also könnte es gelingen die resourcen tatsächlich so gigantisch anzuheben.

die jungs an der spitze des unternehmens waren früher bei bhp und rio tinto,mann kann davon ausgehen dass sie was von ihrem fach verstehen

hoffe die info war hilfreich ,bin sehr neugierig auf deine meinung wenn du dich mit der firma bischen beschäftigt hast-ich weiss es ist viel arbeit aber es könnte sich lohnen den wir sprechen hier von 40 mil tonnen eisenerz mit 60% fe und 2009 einer miniproduktion
die anderen projekte habe ich garnicht erwähnt

[tommy-hl]

Australian Eureka-Report sieht weiter steigende Preise für Eisenerz bis 2013 – erst dann werden Nachfrage und Angebot eine Balance finden …

Iron ore demand continue to rise stronger than supply as China doubles within 7 years
eurekareport.com.au - C. Atken – 02/15/2008

China - twice the size in just 7 years

The Chinese economy has been growing at over +10%pa for a decade and it is showing no signs of slowing momentum. The biggest single risk to those growth rates continuing is the ability to source energy and raw materials. People forget that the Chinese "base load" commodity demand continues to expand. For example, if the Chinese economy continues to grow at +10% pa for the next 7 years it will have doubled in size. This is against a commodity supply system that is facing huge capacity constraints. It's no surprise that a large scale consolidation is on in the resource sector as existing production capacity is cheap.

The China demand story is a seminal event. It is the single largest economic event in modern history and it has caused a structural rather than cyclical change in the pricing of commodities. Chinas steel production output doubles within 7 years as steel export is growing and a huge infrastructure program drives the steel demand.

Iron Ore

The sector seeing the most striking direct benefit is the mining sector and there is no more striking beneficiary within that than iron ore. Chinese steel production is expected to grow from 400 mt pa, (where it was at the end of 2006), to 650 mt by the end of 2010 and at the same time, Indian production is expected to grow from 100 mt to 200 mt. This increase of 350 mt of steel production from these two countries alone will require between 500 mt and 550 mt of additional iron ore per annum over that time frame. And we are talking about the additional demand until 2010 only. Add this growing percentage rate and you will get a more than doubled demand until 2013.

On the supply side we can see that the production output is not able to meet the rising demand despite the efforts of the worldwide iron ore producers. Even the expected additional supply from emerging iron ore companies like Fortescue Metals and other exploration companies in that mining sector will not fill the supply/demand gap within the next years.

So while we may see an increase in this round of negotiations in the iron ore price of some 60-70%, it is highly likely that we will see continued price increase well into the future as it is expected to be at least 2013 before the market is in balance from a supply/demand perspective.

[tommy-hl]

.
Zur Erinnerung: Wir hatten uns hier vor kurzem mal mit dem Eisenerz-Explorer Cardero befasst. Meine damaliges Research ergab, dass Cardero knapp an cash ist und eine Kapitalerhöhung in Kürze zu erwarten ist.

Nachfolgend ein Artikel von minesite.com über Cardero nur mal so zur Information (hat nichts mit NAU zu tun). Cardero musste sich zu sehr ungünstigen Bedingungen Geld besorgen ... Hieran können wir erkennen wie wichtig es ist, dass NAU über eine so hohe Cash-Position verfügt ...

Viel Spaß beim Lesen

tommy

February 20, 2008
Cardero Resources Eyes Funds for Peruvian Iron Ore Plays
By Our Canadian Correspondent

The past ten months have been painful for investors in Cardero Resources and, now, with its stock price threatening to break below the C$1 per share mark; the company is going to the market hat in hand looking for C$8.8 million.

Cardero has engaged Canaccord Capital to place up to 7 million units priced at C$1.10 apiece. A unit holds one share and one-half of a warrant with each whole warrant entitling the holder to subscribe for one additional share at a price of C$1.50 within two years. The terms are not cheap, as Canaccord is taking an 8 per cent cash commission in addition to agent warrants equal to 10 per cent of the units sold priced at C$1.35, plus a corporate finance fee payable in units. Cardero has also arranged a non-brokered private placement of up to one million units on the same terms, with a finder’s fee of 8 per cent payable in cash, shares or a combination of both.

These tough financial terms indicate that Cardero is in fairly desperate need of cash. Especially given that the funds will be used for its iron ore projects - and iron ore is red hot at the moment. In fact this year's first iron ore deal had Nippon Steel agreeing to pay $78.90 a tonne starting from April 1. The demand is driven by - you guessed it - soaring demand in China for steel to make cars and ships. The iron ore price has not, however, helped Cardero as investors have grown skeptical of the company’s ability to deliver. This despite the fact that earlier this year Cardero initiated a mining scoping study and resource definition program at its wholly-owned Pampa de Pongo iron deposit in Peru.

According to Cardero, Pampa de Pongo is the largest undeveloped iron resource on the western seaboard of the Americas, with an inferred resource of 953 million tonnes grading 44.7% iron and 0.12% copper. The idea is to extract iron ore through an underground caving operation to produce a blast furnace or direct reduction grade iron pellet product for shipping from the San Nicolas deep water port, some 40 kilometres to the west. In the main Central Zone, the top of the high-grade semi-massive magnetite resource is typically 350 metres below surface, hosting intersections up to 302 metres grading 51.6% iron and 0.10% copper. The overlying stockwork zone includes shallow intersections of up to 347 metres grading 22.5% iron.

Cardero believes the deeper resource may be suitable for an underground cave mining operation, while the lower grade, shallow mineralization, which is not included in the resource, could potentially be extracted from surface by open-pit methods. Preliminary metallurgical work on run-of-mine mineralization suggests that the mineralization is readily upgradeable to form either a 69% iron concentrate or a high quality 67% iron oxide pellet. A 30,000 metre definition drill program is underway. However, in the end it will be the Mine Scoping study, which should be completed by July, that will tell the economic story.

At Cordero’s Pampa el Toro iron sands project, the company has purchased a dry magnetic separation pilot plant to test 1,400 tonnes of material from the dune field there. The concentrate will subsequently be exported to the United States for pilot plant melting tests aimed at producing quality pig iron ranging from 96 to 98% iron and between two to four per cent carbon. First up however, will be a resource estimate for the project. On the gold front, the drill rig is turning on Cardero’s Incahuasi project in northwestern Argentina. The five hole 1,100 metre drill program is testing the main Incahuasi shear zone at depth and along strike. It will also test the depth and extent of veining and gold mineralization at the Western Vein Group, which lies 200 metres west of the former Incahuasi mine, and which has already returned surface sampling of 33.5 metres running 3.35 grams gold per tonne. Results could be seen as early as March and might well spark a re-rating in the shares.

Staying in Argentina, Cardero has inked a deal with private Aussie company Davcha Resources on its Mina Pirquitas silver project, which surrounds Silver Standard Resources’ Pirquitas project of. Under the deal, Davcha can earn a 55 per cent interest by spending US$1 million over 4 years. Little real news here at the moment, but it is another joint venture under Cardero’s belt, and does show some potential. So with several gold and base metal projects, and a strategic alliance with Newmont in northwest Argentina, Cardero is focusing on unlocking the value of its iron ore assets by transferring them to a wholly owned subsidiary, Cardero Iron Ore Company.

This is typically the first step in a potential spin off into a new public vehicle. Whether it is an iron ore or a base metal or a gold project that brings Cardero shares out of its funk, no current shareholder will care. We last updated on Cardero back in October of 2007 and at the time we stated: “Cardero has several potential drivers to move its share price well above the pivotal C$2 mark that it is now straddling.” That statement is true again today, except this time the share price is straddling C$1 and the company must close a rather crucial financing in rather tough financial markets. But Henk Van Alphan and his team at Cardero have pulled rabbits out of their geological hats in the past, so don’t count them out just yet.

[emmischmied]

Antwort auf Beitrag Nr.: 33.470.556 von tommy-hl am 25.02.08 18:56:27

Cardero verfolge ich schon seit zwei Jahren. in dieser Zeit hat sich eigentlich gar nichts getan...

[kurtanton]

Antwort auf Beitrag Nr.: 33.470.876 von emmischmied am 25.02.08 19:28:33

Hier bist Du besser aufgehoben.
Und tommy-hl versorgt uns mit den aktuellsten News und Berechnungen.
(Danke!)

[e_type1]

Antwort auf Beitrag Nr.: 33.470.876 von emmischmied am 25.02.08 19:28:33

und warum?
andere firmen werden von einer klage auch mal schnell komplett aus der bahn geworfen..bei cardero gabs nur verzögerungen.

[e_type1]

Antwort auf Beitrag Nr.: 33.471.560 von kurtanton am 25.02.08 20:26:42

meinst du den sräd oder die aktie?

[kurtanton]

Antwort auf Beitrag Nr.: 33.471.610 von e_type1 am 25.02.08 20:30:40

kann ich da jetzt einen Fehler machen? Sräd oder Aktie?

[e_type1]

Antwort auf Beitrag Nr.: 33.471.641 von kurtanton am 25.02.08 20:33:56

[eifelcash]

Antwort auf Beitrag Nr.: 33.471.605 von e_type1 am 25.02.08 20:30:19

Aha, scheint ne längere Verzögerung zu werden...

Dafür wirst du ja bei EVG entschädigt...

[emmischmied]

Antwort auf Beitrag Nr.: 33.471.641 von kurtanton am 25.02.08 20:33:56

wohl beide

[emmischmied]

Antwort auf Beitrag Nr.: 33.471.605 von e_type1 am 25.02.08 20:30:19

schon möglich, ändert aber nichts daran dass sich bei Cardero nichts getan hat, ausser ein paar PPs, ein bisschen drilling...
Northland hat solche Probleme nicht

[CaptainBizeps]

Hab Cadero auch schon lange auf dem Radar und es stimmt schon, in dem halben Jahr seit ich drin bin in Northland gabs mehr & auch bessere News als bei Cadero in den letzten 2 Jahren.

[tommy-hl]

.
Ausblick für ein paar Metalle von Jim Jubak (z. B. Eisenerz: Liefermenge knapp in 2008, das Angebot wird die Nachfrage erst in 2011 befriedigen können …)



Soaring global demand will create supply shortages for industrial metals ...

By Jim Jubak - February 08, 2008
The natural-resource stocks that powered the stock market in 2006 and 2007 have taken a rest so far in 2008, but there are no signs of an end to the long-term bullish cycle for producers of copper, iron, aluminum, nickel and other industrial materials.

Once worries about a U.S. recession and global slowdown have receded, the sector will be off to the races again.

But that doesn't mean you should put your money in the same old names that did so well over the past two years. The consolidation of the mining industry has turned many of the stars from that round into lumbering behemoths with huge debt loads. In the next round of the natural-resource bull, you need to own smaller -- and perhaps unfamiliar -- names that are likely to soar higher and faster when commodity prices climb.

I'll give you five favourites to study now and to buy when you think the coast is clear.

Fundamentals won't change
Economic growth in the United States slipped below 1% in the fourth quarter of 2007. The World Bank just cut its projected 2008 growth rate for China's economy by 1.2 percentage points to 9.6% -- still red hot, it's true, but almost 2 points lower than 2007's 11.4% growth.

No doubt about it: The U.S. and global economies are slowing. But not by enough to change the fundamentals that have driven prices for copper, iron, nickel, zinc and lead higher and higher in this bull-market cycle.

The basic problem is soaring demand. China, for example, imported about 1.4 million metric tons of copper in 2007 -- a huge 134% increase from the 600,000 tons it imported the year before. That'll drop to 1.2 million tons in 2008, predicts Desjardins Securities of Canada. But China isn't the only developing economy hungry for copper, and total global consumption is projected to climb to 18.95 million metric tons this year from 18.15 million in 2007.

That will leave demand in balance with supply, also estimated at 18.95 million metric tons in 2008, which won't leave anything to buffer any disruption in supply. And that will lead to a spike in copper prices every time miners go on strike, pushing copper above a base price near $3 a pound (roughly where it was in 2006) despite the slowdown in the U.S. and China.

Where the supply shortages are
If supply again slips into deficit in 2009, copper prices will take a big jump. In that year, Desjardins estimates, global demand will exceed global supply by 50,000 metric tons, which will come from stockpiles that are themselves shrinking because of persistent annual supply deficits. (In 2006, supply was also about 50,000 metric tons short of demand.)

So where will the biggest shortages be? And when?

-Copper: a shortage of 50,000 metric tons in 2009.

-Aluminum: a shortage of 140,000 tons in 2008 and 950,000 tons in 2009.

-Nickel: a shortage of 9,000 tons in 2008 and 13,000 tons in 2009

-Zinc: surpluses in 2008 and 2009, and a gradual tightening through 2012.

-Iron ore: tight supply in 2008; supply and demand should level through 2011.

-Uranium: a growing surplus from 2008 through 2010.

But this is the supply-and-demand equation just for the well-known industrial metals. The profit picture is even brighter for some of the minor metals that don't usually cross investors' radar screens, such as molybdenum, cobalt and platinum. For those, supply is tightening because of two factors: Fast-growing developing economies are increasing demand, and fast-growing new technologies rely on these metals.

Technology creates demand
Molybdenum demand is climbing, for example, because the metal increases the corrosion resistance of stainless steel in industrial processes and because adding small amounts to steel keeps oil and natural-gas pipelines from fracturing in arctic temperatures.

Molybdenum also is used in catalysts that lower the sulphur levels of fuel. That's increasingly important because more and more of the world's oil supplies are heavy, high-sulphur oils. Australia's Macquarie Research projects molybdenum prices will climb about $2 a pound, or 6.5%, in 2008. Desjardins is looking for a $5 increase in 2008 and another $5 jump in 2009.

It's the same story with cobalt and platinum. Cobalt is used in rechargeable batteries for hybrid cars, such as Toyota Motor's (TM.N) Prius and General Motors' (GM.N) Saturn Vue, and in the lithium batteries used in digital cameras and other electronic devices.

(Cobalt, however, is tough to invest in. There are few publicly traded pure plays with operating mines, and fast-changing battery technology seems headed toward replacing cobalt in the next generation of lithium batteries, which makes the metal riskier than I'd like.)

Platinum, the blindingly white jewellery metal, has seen demand soar in Europe -- up 15% in 2006 -- because of the metal's use in the catalytic soot filters that have made Europe's clean diesels possible. In North America, platinum catalytic soot filters were fitted to light-diesel trucks for the first time in the 2007 model year.

http://finance.sympatico.msn.ca

[tommy-hl]

Antwort auf Beitrag Nr.: 33.460.485 von dafi1974 am 24.02.08 16:13:34

dafi1974: klasse thread
bin noch 100%moly investiert,halte aber eisenerz für die zur zeit bessere story
bin auf der suche nach einem guten explorer (eisenerz)nun northland wäre da der erste kandidat aber vielleicht kennst du den zweiten kandidaten STRIKE RESOURCES aus australien
wäre dankbar für deine meinung und analyse

Hier ist sie … vermute, dass Du die Reihenfolge (Northland als ersten Kandidaten) belassen wirst …


STRIKE RESOURCES LIMITED

WKN: A0HHCG
Aktienanzahl heute: 102 Mio. f/d
Marktkapitalisierung: Kurs A$ 1,65 = EUR 1,03 oder US$ 1,53
A$ 168 Mio. = EUR 105 Mio. = US$ 156 Mio.


STRIKE RESOURCES LIMITED will Ende 2009 Eisenerz in Peru fördern. Es gibt dort zwei Projekte, deren Förderung in drei Phasen ausgebaut werden soll. Ein weiteres Projekt in Australien wurde nicht weiter betrachtet, da es im Moment nicht im primären Fokus von Strike steht.

Im Moment gehören Strike nur 51% an den Projekten in Peru!
Um den Anteil auf 68% zu erhöhen müssen weitere Zahlungen (ca. 45 Mio. US$) geleistet werden = Kapitalerhöhung durch Ausgabe neuer Aktien!
Strike plant eine KE von A$ 100 Mio. = US$ 93 Mio. = EUR 63 Mio. für März 2008.
Das sind ca. 62 Mio. neue Aktien, so dass es dann 164 Mio. Aktien gibt.
Dann MK: 169 Mio. EUR = 271 Mio. A$ = 251 Mio. US$

Durch den (noch zu erwerbenden) 68%-igen Anteil an den Projekten erhält Strike auch nur max. 68% der erzielten Gewinne!

Zurzeit läuft eine pre-feasibility study für das Apurimac-Projekt (geplante Förderung 20 Mio. t. Eisenerz p. a.). Es entstehen noch Kosten für eine final feasibility study (deshalb wohl auch 100 Mio. A$ KE geplant)!

Produktionsvolumen p. a. in drei Phasen:

ab H2-2009:
2 Mio. t p. a. (68% Fe Cuzco-Projekt), Capex 20 Mio. $, operating cost sehr hoch 42 $/t wegen teurem Lkw/Bahn-Transport

ab E-2011:
22 Mio. t p. a. (davon 20 Mio. t mit 62% Fe aus dem Apurimac-Projekt), Capex 1,5 Mrd. $, Transport per pipeline zum Hafen dadurch operating cost sehr niedrig mit 17 $/t
Für Capex 1,5 Mrd. $ ist anzunehmen: 1 Mrd. $ Kredit und 500 Mio. $ Kapitalerhöhung durch Ausgabe neuer Aktien! Das bedeutet 330 Mio. neuer Aktien, damit dann Aktienbestand: 494 Mio. Aktien

ab H2-2015:
40 Mio. t p. a. (davon 20 Mio. t aus dem Cuzco-Projekt), Capex 1,2 Mrd. $, Transport per pipeline zum Hafen dadurch operating cost sehr niedrig mit 18 $/t
Für Capex 1,2 Mrd. $ ist anzunehmen: Kann evtl. aus dem cashflow von Phase 2 bezahlt werden.


Grobe Umsatz/Gewinnermittlung

Jahr 2010 - Cuzco
Erlös 120 US-Cents/dmtu auf FOB-Basis
Erlös pro t Eisenerz (68% Fe) 81 $
- Operating cost 42 $
- Capex/AfA 1 $
= EBIT 38 $
- interest 0
= EBT 38 $
- tax 12 $
= net profit 26 $
x 68% Projektanteil = 17,70 $
x 2 Mio. t = $ 35 Mio. Gewinn p. a.
Gewinn pro Aktie: $ 0,21 (164 Mio. Aktien inkl. erster KE)
KGV ($ 1,53) 7,3 in 2010
Kurs bei KGV 10: EUR 1,40
Kurspotenzial: 35% bis 2010


Jahr 2012 - Apurimac
Erlös 120 US-Cents/dmtu auf FOB-Basis
Erlös pro t Eisenerz (62% Fe) 74 $
- Operating cost 17 $
- Capex/AfA 8 $
= EBIT 49 $
- interest 5 $
= EBT 44 $
- tax 14 $
= net profit 30 $
x 68% Projektanteil = 20,40 $
x 20 Mio. t = $ 408 Mio. Gewinn p. a.
Gewinn pro Aktie: $ 0,82 (494 Mio. Aktien inkl. zweiter KE)


2012 Gesamt Cuzco und Apurimac
Gewinn (68% Projektanteil) $ 443 Mio.
Gewinn pro Aktie: $ 0,89 (494 Mio. Aktien)
KGV ($ 1,53) 1,7 in 2012

Kurspotenzial bei KGV 10 bis 2012: 480%
Aktienkurs bei KGV 10 in 2012: EUR 5,90

Chancen
+ Qualifiziertes Management mit guten Erfahrungen (ex Rio Tinto)
+ Tagebaubetrieb mit niedrigen Produktionskosten für Phase 2 + 3
+ Eisenerz-Preis im Aufwärtstrend (auch für die nächsten Jahre erwarte ich hier Preissteigerungen)
+ Minenleben ca. 20 Jahre
+ Vorhandene Infrastruktur für Phase 1 (Cuzco-Projekt)
+ Ressourcenvergrößerung scheint möglich

Risiken
- Länderrisiko Südamerika
- Kapitalerhöhung ist notwendig um die Projekte voran zu treiben
- Weitere Kapitalerhöhung ist notwendig um den Anteil an den Projekten auf 68% zu erhöhen
- Sehr hohe Transportkosten für Phase 1 (Cuzco-Projekt)
- Ausstehende Finanzierung
- Ausstehende Genehmigung der Behörden
- Capex für Phase 2 (Apurimac-Projekt) mit 1,5 Mrd. $
- Fördervolumen in 2010 nur 2 Mio. t. Eisenerz, wird erst in 2012 auf 22 Mio. t. erhöht (langer Zeitraum mit entsprechender Unsicherheit)

Fazit: Strike hat gute und ausbaufähige Projekte in Peru mit hohem Fe-Gehalt. Dem Management ist es zuzutrauen, dass sie die Projekte in Produktion bringen werden. Interessant wird es aber erst, wenn Phase 2 (Apurimac-Projekt) in Gang gebracht wird. Das wird aber erst Ende 2011 beginnen mit vollem Produktionsvolumen in 2012. Das ist eine lange Zeit im Hinblick auf die Risiken.

Wer gerne in Strike investieren will, sollte zunächst einmal die für März 2008 erwartete KE abwarten, die zu einer Gewinnverwässerung führen wird und einen niedrigeren Aktienkurs wahrscheinlich macht. Evtl. kann man dann günstiger einsteigen.

Meine Empfehlung: Eisenerz ist „die Story“ unter den Rohstoffen und wird m. M. nach auch in den kommenden Jahren hohe Verkaufspreise ermöglichen. Meine beiden Eisenerz-Explorer-Favoriten Northland Resources (NAU = Properties in Schweden und Finnland) sowie Consolidated Thompson (CLM = Property in Kanada) bieten in einem kürzeren Zeitraum (Produktionsstart 2009) bei weitaus geringeren Risiken gleichwertiges (CLM) bzw. höheres (NAU) Gewinnpotenzial.

Obige Daten sind nach bestem Wissen erfasst und analysiert worden und erheben nicht den Anspruch auf Richtigkeit/Vollständigkeit. Die Schlussfolgerungen sind meine persönliche, und damit subjektive Meinung.

... do your own research ...

tommy
.

[e_type1]

[as99]

Antwort auf Beitrag Nr.: 33.475.473 von e_type1 am 26.02.08 10:41:10

RUNDE

as99

[tommy-hl]

.
March 2008 WORLD MINING STOCKS

WORLD iron-ore production rose 11% to 1,600Mt in 2007 and this year it could eclipse 2,000Mt, while the 7.5% increase in world crude-steel output in 2007 is the highest level in history. Demand for steel has risen at an annual rate of almost 10% for the past five years. Much of this steel is being consumed by burgeoning industries in China and India, which are in a period of rapid industrialisation where the consumption of steel is driven by the need to build new infrastructure.

In mature, industrial economies the demand for steel grows at a much lower rate and is even in decline in some. China only accounts for about 14% of the world’s iron-ore reserves, much of which is relatively lowgrade material. China, the world’s biggest importer of iron ore, has seen the price of the commodity rise by 177% in five years, driven largely by the expansion of its own steel production. In 1994, China’s steel-making capacity was only 11% of the world total. Today, that capacity approaches one-third.

The biggest ever price gain was 71% in 2005, and some say this year could see an even higher hike. This year, the annual haggling between Chinese steel-makers and the big iron-ore producers could drag on to as long as June, with the Chinese already threatening to call off negotiations.

According to Goldman Sachs, iron-ore mining companies will not expand fast enough to keep up with growth in consumption for years, and prices will rise until 2010. By then the iron-ore market could move into surplus, with fleet loads of cheap Chinese steel flooding the market.

http://www.mining-journal.com/WMS_Magazine/pdf/WMS0803scr.pd…

[SamBax]

Antwort auf Beitrag Nr.: 33.476.055 von tommy-hl am 26.02.08 11:33:10

Hi tommy-xxl,

vorab Dank für die vielen aufschlussreichen Zahlengebilde, die sind wirklich Bares wert.

ExExExEx-Bundeskanzler Kurt Kiesingers Äußerung ist Legende, die Älteren haben sie vielleicht noch im Ohr: "Ich sage nur China, China, China!" schwäbelte er und ich weiß gar nicht mehr, worum es ging. Sicher nicht um Iron Ore – oder er wusste es nur noch nicht ...

Nach dieser historisch geprägten Einleitung meine Frage den bekennenden NAU- und CLM-Experten:

Finnland, Schweden und auch Kanada sind vergleichsweise sooo unendlich viel weiter weg vom Reich der Mitte als die australischen Häfen (Transportzeit und -kosten!) – da bleiben der Kurs und die Kursfantasie doch im wahrsten Sinne des Wortes auf der Strecke?

Belehre mich glaubhaft eines Besseren und ich steige heute noch ein.

SamBax

[CaptainBizeps]

Antwort auf Beitrag Nr.: 33.480.399 von SamBax am 26.02.08 17:12:43

Northland zielt ja auf Kunden die in Europa sitzen.
Bin mir nicht sicher aber ich glaube Europa muss mehr als 80% des Eisenerzes von außerhalb Europas importieren.
Von daher sehe ich kein Problem für Northland.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.480.399 von SamBax am 26.02.08 17:12:43

.
@ Sam: NAU wird sein Eisenerz vorrangig an europäische Stahlproduzenten liefern und hat hierbei einen Riesen-Preisvorteil bei den Transportkosten gegenüber Lieferungen aus Südamerika oder Australien.

Proben des Erzes (bulk samples) wurden schon an die europäischen Stahlproduzenten geliefert bzw. sind auf dem Weg dorthin. Europa hat in 2007 nur ca. 30 Mio. t selber gefördert und über 180 Mio. t aus Australien und Brasilien importiert.

CLM hat schon einen 7-Jahres-Liefervertrag für die komplette Produktion dieser 7 Jahre mit einer chinesischen Firma.

Habe gerade gestern noch CLM-Aktien nachgekauft, bei NAU hatte ich vor einigen Tagen aufgestockt. Sind beide m. M. nach auf aktuellem Kursniveau noch Schnäppchen, wobei NAU das größere Potenzial aufweist, die Produktion dafür aber etwas später starten wird.

Viel Erfolg

tommy





Commodities may hit more record peaks: Rio Tinto

LONDON – 18.02.08 - Commodity prices may shatter recent records and hit fresh peaks as buoyant demand for metals is little affected by a downturn in the United States, mining group Rio Tinto said.

"Looking forward, it is entirely possible that some commodity prices have yet to reach their cyclical peaks," Rio's chief economist, Vivek Tulpule, said in a statement released with the firm's full-year results.

Many investors are cautious about the resources sector, concerned commodity prices will stagnate or fall if there is a recession in the United States and with more supply from new mines.

But Rio believes strong demand from China and other developing nations will offset weakness in Western economies, Mr Tulpule said.

"It is important to remain mindful of macro-economic risks relating to OECD growth," Mr Tulpule said.

"However, it is also important not to exaggerate these risks as our modelling suggests that they should not have a significant impact on the developing economies that have been the growth engines of commodity demand."

Repeat of last year?
Rio Chief Executive Tom Albanese said gloomy sentiment at the end of last year and early this year on the outlook for metals prices was very similar to a pattern a year earlier.

Early in 2007, many people worried that copper prices had peaked in 2006 at a record of $US8,800 per tonne, but prices went on burst through the $US8,000 level in May, July and October.
"In many ways, we're seeing the same type of repeat of the strong market conditions that we saw at the beginning of 2007," Mr Albanese said.

Chinese economic growth is expected to remain strong at around 9-10 per cent this year even with a sharp US recession, Rio's report said.

Global aluminium consumption rose last year at its fastest rate in recent history, up around 10 per cent to about 38 million tonnes, while higher costs and a stronger currency has boosted marginal costs of production in China.

"On a global level, demand growth in 2008 is forecast to remain above the past five-year average growth trend of 8 per cent," the report said.

In copper, constrained supply conditions and above-average demand growth in 2008 mean that prices should hold well above trend levels. Growth in iron ore supplies from high-cost producers are expected to slow this year while steel output is seen growing strongly.

"In this environment of strong demand growth and constrained supply, the iron ore markets can be expected to remain and perhaps become increasingly tight," Rio said.

Tulpule's prediction: China's share of global metal demand will continue to rise until 2020.
http://www.businessspectator.com.au

[SamBax]

Antwort auf Beitrag Nr.: 33.486.125 von tommy-hl am 27.02.08 00:11:54

Thanx a lot, das wollte ich hören. Werde die Reststunden dieser Nacht darüber schlafen. Komme derzeit von Sydney schwer los, da sprießen ein paar Kurse von Klick zu Klick wie die Krokusse auf dem Bergstedter Markt (falls bekannt).

[tommy-hl]

Erwarte nicht, dass die diesjährige Preiserhöhung für Eisenerz die letzte Erhöhung sein wird …
Die Verfügbarkeit (Lieferangebot) von Eisenerz wird zu einem kritischen Faktor in den kommenden Jahren …


Iron ore rising, no end in sight
February 25, 2008

WHEN iron ore contract prices increased 71.5 per cent in 2005, the view was that it was a one-off.

That idea was well and truly buried last week, when the Japanese and South Koreans signed off on a 65 per cent increase, and then China's Baosteel went to water on Friday night and agreed to a similar increase with Brazil's Vale.

Don't expect this year's rise to be the last. India's steel ministry is now asking the Government in New Delhi to impose a much steeper export duty on iron ore, a move aimed at conserving the country's resources.

Last year India imposed a 300 rupee (about $8) duty and the Chinese buyers - who take 85 per cent of India's exports - kicked up a huge fuss.

The Indian move underlines that iron ore availability is going to be a crucial factor in coming years. Just keep in mind that steel consumption is now running at more than 200kg for every person in the world.

One local iron ore CEO has just done a count of listed companies with some (however minor) iron ore interest. Total: 191. Of those, about 90 have iron ore as a primary activity, he estimates.

This is fewer than the count for uranium players but still at a level that suggests an overcrowded field. How many of them are in a position to say they will be able to get some ore aboard ship within the next two years?

Then strip out those that have not yet resolved their infrastructure challenges. It is one thing to say you're within cooee of a BHP Billiton railway line, and quite another to get access to that line. Our volunteer statistician also came up with this number: over the past 12 months there have been 933 ASX "geological" announcements that mention iron ore, two-thirds of those being in the past six months.

Frenzy time?
AS Flinders Diamonds showed last week, a bit of "nearology" does no harm. The company drew attention to the fact that its Hamersley project in the Pilbara was less than 10km from the 875 million tonne resource at Caliwingina North, owned by Rio Tinto.

Day traders duly obliged and sent the stock up on large volumes.
United Minerals Corp also was not hiding its Pilbara light under a bushel. It reported that visual inspection of a drill core near its Railway prospect indicated a 40m intersection of Marra Mamba iron ore, making the directors confident they could have 100 million tonnes on their hands. UMC went very dark on Pure Speculation when we suggested its announcements were getting a little ahead of themselves, so we'll refrain from any comments - for now.

Turning to more advanced projects, we should note that Strike Resources says it has signed a preliminary agreement with Peru Rail to move 2million tonnes a year to Matarani, a port on that country's southern coast. Strike, while aiming to mine up to 40 million tonnes a year, is planning to get a smaller operation going at its Cuzco project so it gets cash flowing.

Back home, Western Plains Resources has increased its resource estimate by 46 per cent at the Buzzard deposit near Coober Pedy. The company said it had 13.3 million tonnes of direct-ship iron ore at an average grade of 62 per cent.

We're expecting within the next few weeks to see the first resource statement from BC Iron. There are hopes of something approaching 30 million tonnes at 55-58 per cent. The company has signed an agreement with Fortescue Metals Group. BC Iron plans to truck its ore to FMG's Cloud Break mine, then send it down the FMG rail line and on-board ship at FMG's wharf at Port Hedland.

Floats going down
WE would understand if there was a touch of apprehension at Adelaide Resources. The company is about to launch its initial public offering for spin-off Iron Road, which holds the parent's iron ore interests on the Eyre Peninsula. Iron Road will be seeking $5 million (with Adelaide retaining a 40 per cent stake) in hopes of listing in April.

The upcoming floats list on the ASX website has shrunk dramatically in recent weeks, with a number citing "to be advised" where a listing date would appear in more bullish times.

That things are tight out there was confirmed in a late Friday announcement from Polaris Metals. Its $10 million spin-off of its non-iron ore assets into an IPO called Southern Cross Goldfields (ticker SXG) has already had its closing date extended from February 15 to February 29. Polaris is obviously anxious even about that, as now it has decided to subscribe for 13 million shares "so SXG can complete its listing".

So, we have Polaris selling off part of the assets its shareholders thought they already owned, and then spending $2.6 million of shareholder funds to clinch the deal.
At least Emu Nickel managed to fall over the line, although having to settle for half the $20 million it asked for. This spin-off from Image Resources will list this month. The way some new listings have fared on their opening days, it might pay the Emu boys to have something restorative in a hip flask to hand as they watch early trading.

There must have been exclamations along the line of "phew!" at White Canyon Uranium, which - finally - made it to the minimum subscription of $17.5 million. Its next moment of truth comes on the market debut scheduled for February 29.

And what can we say about Mallee Gold Corp? It seems to be finding it devilishly hard to get a modest $5 million raised. First it extended the IPO from December 10 to early February, then mid-March and now it's March 31.

Another extendee is Argent Minerals. It is within about $200,000 of its $4 million minimum but wants to get closer to its $5 million original target so it can pay for all the planned drilling. The offer, which was to have closed on February 15, will now run until March 7. Argent is farming into three NSW properties held by Golden Cross Resources, with the main focus being the Kempfield project near Blayney, with a Joint Ore Reserves Committee resource of 11.3 million ounces of silver grading an average 93 grams/tonne.

Ganke reaches out
YOU never know what Poseidon-era survivor Boris Ganke will come up with next. He has decided his listed share and property investment vehicle Chapmans will get into the resources game alongside his three companies already involved in that sector.

The company is considering taking a 20 per cent stake in a zircon mining venture in Indonesia. Another Ganke company, Southern Cross Exploration, is now plunging into uranium. Southern Cross has announced that it has won two prospecting licences in Burkina Faso.

These companies, along with Ganke's Longreach Oil, have share prices securely in the sub-10c category. Is his most recent float, AusTex Oil, heading in the same direction?

Its shares were issued at 40c but have now hit 19c notwithstanding the undoubted star power of board members Peter Power (former boss of Ampolex) and former journalist scourge of the junior sector Trevor Sykes.

Tailenders
* SPECIALITY metals continue to shine. Cobalt has broken through the $US50/lb barrier. The $US52 paid last week was the highest since 1978. Antimony has hit $US6000/tonne, its best level since 1994, on signs that China - which supplies 80 per cent of the world's needs - may not be able to meet all orders for the metal.

* ADMINISTRATORS have been called in by the only listed company based in Albany, SuperSorb Environmental. It started life as Talon Resources and built itself up to be Australia's largest supplier of kitty litter. SuperSorb is hoping to recapitalise and get to work on its tin and molybdenum prospects in Queensland.
The Australian implies no recommendations regarding any of the stocks mentioned. The author owns shares in Rio Tinto.
www.theaustralian.news.com.au

[tommy-hl]

China Accepts 65% Increase in Brazilian Iron Ore Price
Wednesday, February 27, 2008

BEIJING, Feb 27, 2008 (SinoCast via COMTEX) –
China's Ministry of Commerce and the China Iron and Steel Association both said on February 25, 2008 that they accepted the 65% rise in iron ore price in 2008 under a previously agreement between Brazil-based Vale and Shanghai Baosteel Group Corporation.

China's largest steelmaker Baosteel Group said on February 22 that it agreed to pay 65% more for iron ore to the world's largest iron ore producer Vale for 12 months starting from April 1, 2008. It is to pay USD 1.1898 per dry metric ton Fe unit for Southern System fines, and USD 1.2517 per dry metric ton Fe unit for Carajas iron ore fines.

Chinese steelmakers are facing high cost and should pour more money into developing overseas mines. Zhang Xiaogang, chairman of the association, previously said that the profitability of steelmaking in China would be shrunk and some products would become unprofitable. He added yesterday that international and domestic steel prices would hover at a high level this year.

source: http://www.tradingmarkets.com/.site/news/Stock%20News/1140376/


Soweit der heutige Artikel aus China - Der interessante Satz darin ist m. M.:

“Chinese steelmakers are facing high cost and should pour more money into developing overseas mines.”

Die Chinesen könnten also mehr Geld in die Entwicklung von Eisenerz-Minen in Übersee stecken ... vielleicht wird das ja dem einen oder anderen Eisenerz-Explorer gut tun …

[e_type1]

Antwort auf Beitrag Nr.: 33.490.636 von tommy-hl am 27.02.08 13:57:28

danke, das klau ich mal fürn carderosräd...lesen ja nicht lle auch hier mit.

[e_type1]

http://www.individual.com/story.php?story=78420589

BRIEFING - ASIA MINING - FEB 27, 2008
Feb 27, 2008 (AsiaPulse via COMTEX) --

An executive briefing on mining for Feb 27, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

CHINA SUPPORTS CURRENT IRON ORE PRICE NEGOTIATION MECHANISM

BEIJING - While the international iron ore giants Rio Tinto (ASX:RIO) and BHP Billiton (ASX:BHP) are still in a deadlock with Baosteel (SSX:600019) on ocean shipping fee compensation, China's Ministry of Commerce (MOC) and China Iron and Steel Association (CISA) published an announcement on February 25, stating their support of the current iron ore price negotiation mechanism.

Industry insiders argue that this will undoubtedly be an encouragement to Baosteel. Besides ocean shipping fee compensation, how to refer to the negotiated price of Vale of Brazil for its iron ore for their pricing is an important link.

[tommy-hl]

.
Immer mehr entdecken die Story "Eisenerz"..
Teck Cominco ist an Eisenerz-Ressourcen interessiert ...

Gut für alle, die in CLM und NAU investiert sind ... die Zeit arbeitet für uns ...

Viel Spaß beim Lesen ...

tommy


Teck Cominco would eye any divested iron ore assets: CEO
Washington (Platts)--26 Feb 2008

Diversified zinc, copper and coal miner Teck Cominco would be interested in acquiring iron ore assets and has received requests from its customers to get into iron ore, said Donald R. Lindsay, president and CEO of the Canada-based mining company.

Speaking Tuesday via webcast at the BMO Capital Markets 2008 Global Metals and Mining Conference, Lindsay said that iron ore "would be a particularly good fit for us because of our coal business.

Customer performance in the coal business has not been satisfactory particularly in the down years."

Lindsay noted that, for example, with customers who buy both metallurgical coal and iron ore, the customer may opt to take its contract minimums from Teck Cominco and to take more from BHP Billiton, because BHP is a stronger strategic supplier to the customer since it offers both.

"The second reason is we're always concerned that when a price negotiation is taking place" with a customer and a competing supplier that can supply iron ore as well as coal, "they'll say if you give us a good price on the iron ore I'll cut you a deal on coal," Lindsay added.

"Customers have come to us and asked us to get into iron ore," he said, and "we like the outlook for any industry that has only a few suppliers."

Lindsay said, however, that he was "not optimistic one [an iron ore asset] will become available on the owners' own volition, because those who own those assets are enjoying the best times of their lives."

Teck Cominco does not need "another long development project," such as those it has ongoing for other metals, he explained. Given the proposed consolidation in the iron ore industry, however, "you never know if negotiations could force some sales, and we'd be open to that," Lindsay concluded.

--Karen McBeth, [e-mail]

[tommy-hl]

.
Vale do Rio Doce diktiert Eisenerzpreise!

Kein Bauboom ohne Stahl und kein Stahl ohne Eisenerz! Diese einfache Aussage bringt das derzeitige Problem der asiatischen Stahlhersteller genau auf den Punkt. Die Produkte dieser Unternehmen erfreuen sich momentan einer regen Nachfrage, so verschlingen die Baumaßnahmen für die Olympischen Spiele in China bspw. Unmengen an Stahl.

Die rasant wachsenden Kundenaufträge können allerdings nur solange erfüllt werden, wie Eisenerz für die Stahlverhüttung vorhanden ist. Genau hier liegt das Problem. Der Eisenerzmarkt befindet sich fest in der Hand weniger Unternehmen. Allein Vale do Rio Doce, Rio Tinto und BHP Billiton kommen gemeinsam auf einen Marktanteil von mehr als 60 Prozent. Dieser geballten Marktmacht haben die asiatischen Stahlhersteller nur wenig entgegenzusetzen, denn der Rohstoffstrom muss weiter fließen. Vale do Rio Doce konnte diese Situation bereits ausnutzen und vor wenigen Tagen gegenüber drei großen asiatischen Abnehmern eine Erhöhung des Eisenerzpreises um 60 Prozent durchsetzen.

2007 hat der weltweit führende Eisenerzförderer insgesamt 295,9 Mio. Tonnen Eisenerz aus dem Boden geholt und damit das Vorjahresergebnis um 12 Prozent übertroffen. Die drastische Preiserhöhung dürfte sich signifikant auf die Geschäftsergebnisse 2008 auswirken. Doch nicht nur im Eisenerzbereich verdient der Konzern kräftig mit, denn auch andere Unternehmensbereiche konnten im Geschäftsjahr 2007 positiv überzeugen.
Demnach betrug die Kupferkonzentratproduktion von Vale im vergangenen Jahr insgesamt 284.200 metrische Tonnen. Mit dem 6,6%igen Anstieg wurde ein neuer Rekord erreicht. Auch die Reinnickelproduktion stieg im Jahre 2007 mit 247.900 metrischen Tonnen auf einen weiteren Hochpunkt.

Die höheren Absatzpreise auf dem Eisenerzmarkt dürften sich in den nächsten Monaten als Turbo für die Aktie des Unternehmens entpuppen. Momentan wird der wichtige Widerstand bei 20,00 Euro ins Visier genommen. Sollte der Ausbruch darüber gelingen, ist die nächste Barriere bei 21 Euro in Sicht. Dann winkt bereits das Allzeithoch bei 22,10 Euro. Die fundamentalen Rahmenbedingungen könnten derzeit kaum besser sein. Rohstoffpreise auf Rekordniveau und ein aggressiver Wachstumskurs rechtfertigen ein 6 Monats-Kursziel von 25 Euro.

Aus Rohstoff-Insider 03.2008

http://rohstoffinsider.de/downloads/Rohstoffinsider_03_2008.…

[tommy-hl]

Rohstoff-Produzenten schwimmen im Geld ... wird es eine Welle von Übernahmen geben ...?

AusCo, BrazCo, RussCo, AfriCo: M&As Are Set to Continue
By Jackie Steinitz - 27 Feb 2008

LONDON (ResourceInvestor.com) -- The increasing importance of M&A activity in the mining sector has been a recurrent theme at recent resources conferences around the world.

At the Mines and Money conference in London last November, for example, Michael Lynch-Bell of Ernst & Young illustrated how rising commodity prices have been a bonanza for mining companies already in production. As the charts below show this has resulted in a huge increase in cash flow which in turn has led to ever increasing levels of M&A deals in the mining sector.

Lynch-Bell demonstrated also that to date the recent M&A activity has rewarded the acquirer. Even though the prices paid for the acquisitions had often been at a significant premium to the pre-bid market valuation (he quoted typical premiums in bid-for-control transactions of 65% or even 85% above the undisturbed share values) it can be shown, with the benefit of hindsight, that total shareholder returns to the acquirers out-performed those of the non-acquirers (see a previous article, “The State of Global Mining”).

This week, at the BMO Capital Markets conference in Hollywood, Florida the opening presentation was again on the theme of M&A. David Haughton, co-head of Mining Research for BMO began with a similar opening premise to Lynch Bell: in the current era of high commodity prices companies in production have a large cash flow, but there are only limited opportunities to expand production organically following years of underinvestment in exploration during the 1990s and early years of this decade.

Even though exploration expenditure has surged in the last four years an exploration dollar buys less than it used to, as costs have been rising sharply. Moreover there is a long and increasing lag between exploration and a mine actually going into production.

Earnings growth meanwhile for the majors is stagnating leaving the companies with the problem of how best to grow and spend the cash. Of course a quick method of delivering growth is to buy rather than to build, and as BMO’s chart below shows, recent deals have been getting bigger and more expensive, with buyers have paying increasingly high premia to win their prize.

M&A activity has already had an enormous impact on industry concentration. Haughton cited the example of the Australian gold sector where, as shown in the chart below, the universe of companies from a few years ago has been drastically reduced through acquisitions.

He predicted however that there is still room for further consolidation in the gold industry globally as concentration is still much lower than for base metals or bulk commodities.

M&A activity has also impacted on the size distribution of the industry. The mid-caps, for example, (which Haughton defined as around $5-20bn by market capitalisation) have been severely squeezed, and many “old favourites” such as Inco, Falconbridge, Western Mining, Mount Isa, Pechiney and Alcan have disappeared.

Some of the remaining mid-caps, according to Haughton, will be acquired by the Majors or the Chinese though some were “take-over proof” if either they had a dominant shareholder or if they had a high earnings multiple which would make it “value destructive” for another company to bid for them.

Meanwhile the majors will seek to take out anything of size including the mid-caps without a takeover shield, the small caps with world class projects and, of course, each other! Haughton foresees a world with just four super majors; an Australian major “AusCo” (comprising BHP and Rio), a Brazilian-based “BrazCo” (Vale and Xstrata), “RussCo” (perhaps Norilsk and others) and AfriCo (Anglo plus others).

Haughton concluded that the wave of M&A activity will continue, resulting in an industry structure comprising perhaps the four super majors, a thinner mid-cap sector and a positive environment for successful juniors who will be able to move into the mid-cap arena. He predicted also record payouts by the mega-miners once the next round of consolidation is over.

Grafiken: http://www.resourceinvestor.com/pebble.asp?relid=40797

[tommy-hl]

China's iron ore reserves at 61b tonnes
February 28, 2008 - 8:08AM

China, the world's biggest steel producer and consumer, has 60.7 billion tonnes of proven iron ore reserves, the Xinhua news agency says.

Unproven iron ore reserves were estimated at more than 100 billion tonnes, the news agency quoted Vice Minister of Land and Resources Wang Min as saying on Wednesday.

China has discovered over the past two years 187 iron ore deposits which contain proven reserves of 3.2 billion tonnes, said Wang, who is also the head of China Geological Survey.

Investment in iron ore exploration had increased to $US322 million ($A345 million)from 2004 to 2007 to meet the rising demand for iron ore, Wang said.

The investment was more than five times higher than in the 15 years before 2003, he said. The country's demand for iron ore would remain high in the long term.

China produced about 490 million tonnes of crude steel last year, 15.7 per cent higher than in 2006. The country imported 383 million tonnes of iron ore last year, up 17.4 per cent, Xinhua said, citing the China Iron and Steel Association.

http://news.theage.com.au/chinas-iron-ore-reserves-at-61b-to…

[eifelcash]

Teck Cominco would eye any divested iron ore assets: CEO

Washington (Platts)--26Feb2008

http://www.platts.com/Metals/News/6788055.xml

Diversified zinc, copper and coal miner Teck Cominco would be interested
in acquiring iron ore assets and has received requests from its customers to
get into iron ore, said Donald R. Lindsay, president and CEO of the
Canada-based mining company. Speaking Tuesday via webcast at the BMO Capital
Markets 2008 Global Metals and Mining Conference, Lindsay said that iron ore
"would be a particularly good fit for us because of our coal business.
Customer performance in the coal business has not been satisfactory
particularly in the down years."

Lindsay noted that, for example, with customers who buy both
metallurgical coal and iron ore, the customer may opt to take its contract
minimums from Teck Cominco and to take more from BHP Billiton, because BHP is
a stronger strategic supplier to the customer since it offers both.

"The second reason is we're always concerned that when a price
negotiation is taking place" with a customer and a competing supplier that can
supply iron ore as well as coal, "they'll say if you give us a good price on
the iron ore I'll cut you a deal on coal," Lindsay added.

"Customers have come to us and asked us to get into iron ore," he said,
and "we like the outlook for any industry that has only a few suppliers."

Lindsay said, however, that he was "not optimistic one [an iron ore
asset] will become available on the owners' own volition, because those who
own those assets are enjoying the best times of their lives."

Teck Cominco does not need "another long development project," such as
those it has ongoing for other metals, he explained. Given the proposed
consolidation in the iron ore industry, however, "you never know if
negotiations could force some sales, and we'd be open to that," Lindsay
concluded.

[tommy-hl]

.
China hat zwar Unmengen an Eisenerz, jedoch hohe Fe-Gehalte sind selten (damit unwirtschaftlich) ...

Die Nachfrage nach Eisenerz soll bis 2010 jährlich um 26% wachsen ...

Viel Spaß beim Lesen

tommy


Search for iron ore accelerates
February 28, 2008

The search for domestic reserves of iron ore will be accelerated in the wake of soaring global prices, a senior official said yesterday.

"We will launch a new round of our nationwide iron ore survey, focusing on the vast central and western areas of the country in a bid to boost supplies," Wang Min, vice-minister of land and resources, said at a meeting yesterday in Tianjin.

The meeting, to discuss the direction of iron ore surveys, was held following the announcement of substantial increases in the cost of imports of the commodity into the country.

As the world's largest steel-maker, China is also its leading consumer of iron ore, a major constituent of steel.

Wang said that in the 1990s, geological prospecting teams almost stopped looking for new mines, as known reserves were "sufficient to last 300 years, based on demand levels at that time".

"But the forecasts did not account for the country's rapid economic growth, and now our supplies are dwindling," Wang said.

He said that while the country has abundant reserves of iron - with about 60 billion tons already discovered and 100 billion tons predicted to be found - high-grade ore was still relatively scarce.

According to the China Iron and Steel Association, the global sea-borne trade in iron ore was 805 million tons last year, of which 383 million tons were shipped to China, up 17 percent on 2006.

But with global giants, such as Australia's BHP Billiton and Rio Tinto, and Brazil's Companhia Vale do Rio Doce (CVRD), controlling 72 percent of the world iron ore trade, China's steel industry has come under enormous pressure on prices.

CVRD and Baosteel Group, China's largest steel-maker and the country's representative in negotiations with the iron ore giants, on Friday agreed to price increases of between 65 and 71 percent.

Price hikes aside, demand for iron ore by steel-makers is set to grow by 26 percent a year until 2010, Wang Jionghui, an official with China Minmetals Corp, the largest Chinese metals and minerals producer, said.

Chinese firms must adopt new models for obtaining resources, including becoming shareholders of global minerals giants, he said.

Increases in the cost of iron ore have had a predictable effect on steel prices. The China Securities Journal reported on Monday that 57 domestic steel plants had raised their prices after the price agreement was reached.

Source: China Daily

[tommy-hl]

.
Habe ich aus einem anderen thread
Unterbewertung von Explorern durch zu niedrig angesetzte Rohstoff-Preise

WW vom 27.02.08

Um Rohstofflagerstätten einigermaßen vergleichbar zu machen, wurden in den letzten 10 Jahren verschiedene Bewertungsstandards eingeführt. Demnach sind die an der Rohstoffsuche beteiligten Unternehmen verpflichtet, bestimmte Auflagen bei der Bewertung der gefundenen „Schätze“ zu beachten. So müssen zum Beispiel die in Kanada gehandelten Metall-Spezialisten die Vorgabe des „National Instrument 43–101“ (kurz: NI43–101) strikt beachten. Australische Unternehmen sehen sich mit dem JORC-Standard konfrontiert. In beiden (und in weiteren) Vorgaben wird genau dokumentiert, unter welchen Gesichtspunkten ein Vorkommen erkundet werden muss, um am Ende zu einer Ressourcen-Angabe zukommen. Unternehmen oder Geologen, die sich nicht an diese Standards halten und einfach ins Blaue hinein mögliche Rohstoffmengen im Boden lauthals verkünden, müssen mit empfindlichen Strafen rechnen. Die sofortige Kursaussetzung stellt dabei eine noch harmlose erste Reaktion der Börsen dar.

Für Rohstoffunternehmen ist es daher wichtig, diese Auflagen zu erfüllen, ansonsten können Funde nicht adäquat veröffentlicht und Verfinanzierungsrunden kaum durchgeführt werden.

Kostenentwicklung im Mittelpunkt der Machbarkeitsstudien
Während diese Prozedere durchaus sinnvoll ist, wenngleich ab und zu durch einen extrem formalen Ansatz über das Ziel hinausgeht, sagt es doch noch nichts über die Möglichkeiten einer wirtschaftlichen Ausbeutung der Lagerstätte aus. So mag es geologisch durchaus interessant sein, in den unwegsamen Bergen Kolumbiens auf große Goldmengen gestoßen zu sein, die nach NI 43-101 eine Größenordnung von 5 Mio. Unzen erreichen. Wenn dann allerdings zuvor für einige Milliarden US-$ das entsprechende Gebiet an die Zivilisation angeschlossen werden muss, sieht die Sache aus betriebswirtschaftlicher Sicht schon nicht mehr so gut aus. Von daher sind vorläufige und „definitive“ Machbarkeitsstudien sowie (Vorgelagerte) Kostenkalkulationen absolut überlebenswichtig.

Zur Erstellung dieser Studien müssen sich die Unternehmen Know-how von außen holen. Es werden Unmengen von Gutachten angefordert und Berechnungen angestellt, die über Jahre nach vorne schauen. Entscheidend ist bei diesen Studien, eine relativ verlässliche Kostenberechnung aufzumachen, bzw. die Kostenentwicklung über die vielen Jahre der Ausbeutung eines Vorkommens abzuschätzen.

Kostenexplosionen überall
Aufgrund der Erfahrungen der vergangenen Rohstoff-Boomjahre sind die Experten derzeit der Meinung, dass fast überall auf der Welt mit einem jährlichen Kostenanstieg von etwa 15% gerechnet werden muss. Entsprechende Vorgaben fließen in die Kalkulationen ein. Die Gründe für diese anhaltenden Kostenexplosionen sind vielfältiger Natur.

Im Wesentlichen sind es die folgenden Restriktionen, die zu dieser durchaus berechtigten Annahme führen:

● Knappheit an Bohrgerät und Bohrteams
● Knappheit an schweren Nutzfahrzeugen
● Knappheit an erfahrenen Geologen
● Knappheit an Strom und Wasser
● Knappheit an allen Arten von Roh-, Hilfs- und Betriebsstoffen.

Darüber hinaus haben die folgenden Entwicklungen den gleichen Effekt:

● längere Genehmigungszeiten
● höhere Umweltschutzauflagen
● organisierter Protest gegen Minenvorhaben
● höhere Steuern und Abgaben
● geringere Größe der potenziellen Vorkommen

Studien gehen bei Erlösen von „Steinzeit-Preisen“ aus
Während korrekterweise mit einer anhaltenden Kostenexplosion im Bergbau gerechnet wird, gehen die gleichen Gutachter und Experten allerdings bei den Einnahmen von Verkaufspreisen aus, die abseits jeder Realität sind und ernsthaft wirtschaftliche Kalkulationen unmöglich machen. So werden bei fast allen Studien die durchschnittlichen Weltmarktpreise der vergangenen 5 bis 10 Jahre als Projektion verwendet. Das führt dann zum Beispiel bei Goldprojekten zur Annahme eines Goldpreises von 400 bis 450 US-$(aktuell: >900 US-$) die Unze. Kupfer wird mit etwa 1,25 bis 1,75 US-$ (aktuell: 3,75US-$) je Pfund veranschlagt. Bei Uran sollen es etwa 35 bis 45 US-$ (aktuell: 80US-$) je Pfund sein.

Das ist aus meiner Sicht absoluter Unfug, der sämtliche Berechnungen obsolet macht. Denn was hilft es, dass auf der Kostenseite durchaus Weitsicht herrscht, wenn bei den Erlösen Preise aus der „Steinzeit“ heran gezogen werden. Der Witz an sich: Bei diesen Preisansätzen würde ein hoher Prozentsatz der weltweiten Rohstoffförderung der kommenden Jahre ausfallen und somit das knappe Angebot noch weiter ausdünnen.

Es ist schon grotesk: Während bei Subprime-Hypotheken viele Jahre lang die durchaus rechtzeitig erkennbaren Bewertungsprobleme von Experten übersehen wurden, werden diese im Rohstoffbereich bewusst überzeichnet.

Fazit: So gut wie alle Rohstoffprojekte, die in der näheren Zukunft verwirklicht werden, werden mit deutlich höheren Gewinnmargen operieren, als derzeit durch (Machbarkeits-)Studien aller Art unterlegt ist. Die vorgenommenen horrenden Abschläge auf die zukünftigen Preise stellen aus meiner Sicht einen ebenso großen Skandal dar wie die Unterschätzung von Risiken in anderen Märkten. Aktuelle Unternehmensbewertungen richten sich nämlich nach diesem Unsinn und kommen damit zu viel zu geringen Bewertungsansätzen.

Folge: Die Aktienkurse vieler Rohstoffunternehmen sind deutlich zu niedrig. So müsste beispielsweise eine Arafura Resources aktuell bei mindestens 1,50 Euro stehen, wenn nur plausible Annahmen bei der Erstellung vorläufiger Machbarkeitsstudien gewählt worden wären.

Die gute Nachricht: Gehen Sie davon aus, dass schon bald bei der Bewertung von Rohstoffvorkommen Vernunft walten wird. Bis es so weit ist, erhalten Sie viele der entsprechenden Aktien zu Ausverkaufspreisen. Und, bitte: Stecken Sie einen Großteil an Studien zu Rohstoff/Aktien, die Ihnen zukünftige Preiseinbußen von 50% vorgaukeln, dahin, wo sie hingehören: in den Papierkorb!

[tommy-hl]

Da ich auf der Suche nach einem weiteren guten Eisenerz-Explorer bin, untersuche ich mögliche Kandidaten und werde das hier dann posten (ich hoffe niemand stört sich daran :rolleyes ...

Hier ist meine neueste Recherche, ein von rsr empfohlener Wert:

Advanced Resources Inc (AXI)
Umsatz/Gewinn-Kalkulation (1. grobe Schätzung)

WKN: A0D8ZT - AXI – TSX - ISIN: CA00765C1086

Nachfolgend meine persönliche Analyse für AXI. Aufgrund fehlender aussagekräftiger Informationen seitens des Unternehmens ist eine gründliche Analyse nicht möglich. Es wurden Annahmen und Schätzungen getroffen um überhaupt das mögliche Potenzial ausloten zu können.

Man kann über die Kalkulations-Parameter streiten aber solange keine wirklich verwertbaren Infos vorhanden sind, bleibt es immer eine subjektive Betrachtung. Jedenfalls habe ich mir so eine Grundlage für die Entscheidung einer möglichen Investition geschaffen. Sie kann anderen als Anhalt dienen … mehr nicht …

1. Kalkulations-Parameter

1.1 Produktionsvolumen/start
Leider konnte ich keine öffentlichen Stellungnahmen seitens des Managements zum Produktionsbeginn entdecken. Da die feasibility study E2009 fertig sein soll, gehe ich von einem Produktionsstart A2011 aus.
Beim Volumen gehe ich in 2011 von 5 Mio. angereichertem Konzentrat (67% Fe-Gehalt) und ab 2012 von 8 Mio. pellets (67% Fe-Gehalt) aus.

1.2 Umsatzerlös für Eisenerz
Per Januar 2008 wurden C&F-Preise von 139 US-Cents/dmtu erlöst. Die in den letztgenannten News erwähnten Preissteigerungen von 65% beziehen sich auf die zum 1.4.2007er-Preise und liegen bei 150-155 US-Cents/dmtu (entsprechend 120-125 US-Cents/dmtu auf FOB Brazil port Basis). Ich wähle deshalb für AXI einen Erlös von 125 US-Cents/dmtu für das Konzentrat und 155 US-Cents/dmtu für die pellets .

1.3 Operating Costs
Durch die Nähe zum Hafen kann das Erz mit einem Förderband über ca. 6 km Distanz sehr günstig transportiert werden. Der Tagebaubetrieb macht eine Förderung günstig.

Ich gehe deshalb von 27 $/t für das Konzentrat und 40 $/t für die pellets aus.

1.4 Capex
Angenommen wurden 1,05 Mrd. $ die mit 750 Mio. $ Fremd-finanziert und 300 Mio. $ durch Kapitalerhöhung finanziert werden (70/30 FK/EK-Ratio): Ich gehe von einem künftigen Kurs $ 3,00 x 100 Mio. neue Aktien (evtl. Partner) aus.

1.5 Finanzierungskosten
Es wurde ein Zinssatz von 10% p. a. angesetzt

1.6 Steuer
Es wurde ein Steuersatz von 30% verwendet. Ob die Anschaffungskosten in den ersten Jahren zu einer Steuerbefreiung führen werden, ist mir zurzeit nicht bekannt.

1.7 Gewinn pro Aktie
Es wurde eine Stückzahl von 150 Mio. Aktien zugrunde gelegt (40 Mio. aktuell, plus 10 Mio. KE zwischendurch, plus 100 Mio. neue Aktien für Capex)


2. Umsatz/Gewinn-Kalkulation (1. grobe Schätzung)

Geschätztes Ergebnis für 2011 ….. 2012 …. 2013
Produktion Eisenerz (67%) 5 Mio. t .. 8 Mio. t .. 8 Mio. t
Gesamtumsatz USD ....... 418 Mio. . 830 Mio. . 830 Mio.
operating cost FOB ........ 135 Mio. . 320 Mio. . 330 Mio.
AfA / Capex ...................... 70 Mio. ... 90 Mio. ... 90 Mio.
= EBIT ............................ 213 Mio. . 420 Mio. .. 410 Mio.
Finanzierungskosten ......... 65 Mio. .. 75 Mio. ... 60 Mio.
-------------------------------------------------- ----------------------
= Bruttogewinn ……......... 148 Mio. ...345 Mio. . 350 Mio.
minus Steuer ……….... ..... 45 Mio. ... 103 Mio. ..104 Mio.
-------------------------------------------------- --------------------------
= Nettogewinn ……..….… 103 Mio. …242 Mio. . 246 Mio.
= Gewinn pro Aktie: ……… 0,69 $ …. 1,60 $ ….. 1,64 $ (150 Mio. Stück)
= Gewinn pro Aktie: ……… 0,45 EUR . 1,06 EUR . 1,09 EUR

Max. Anteil für AXI 67%: …0,30 EUR . 0,71 EUR . 0,73 EUR

= KGV (Kurs 1,60 €): ……. KGV 5,3 … KGV 2,3 ... KGV 2,2
Kurs bei KGV 10: …………. 3,00 EUR .. 7,10 EUR . 7,30 EUR
Kurspotenzial: ……………... 90 % ……. 340% ……. 360%

3. Chancen/Risiken

3.1 Chancen
+ Historische Schätzungen lassen eine Ressource von 1 Mrd. t Eisenerz mit Fe 23-34% erwarten
+ kein Länderrisiko
+ Niedrige Marktkapitalisierung im Verhältnis zu den Eisenerz-Ressourcen (zum Vergleich AXI ca. 4 $/t mit angenommener KE während Fortescue bei 16 $/t liegt) lässt ein 4-faches Kurssteigerungspotenzial erkennen
+ Tagebaubetrieb mit niedrigen Produktionskosten
+ Eisenerz-Preis im Aufwärtstrend (auch für die nächsten Jahre erwarte ich hier Preissteigerungen)
+ Produktionsstart in ca. 1 Jahr
+ Minenleben >.40 Jahre
+ Niedrige Produktionskosten
+ Chinesische Investoren haben sich schon über Kredite beteiligt und sich ein Vorkaufsrecht gesichert

3.2 Risiken / Nachteile
- Nicht vorhandenes 43-101 Ressourcengutachten
- Ausstehende pre-feasibility study, bankable feasibility study
- Ausstehende Finanzierung
- Ausstehende Genehmigungen der Behörden
- Langer Zeitraum bis Produktionsbeginn
- AXI kann maximal 67 Prozent des Projekts übernehmen. Nach 30000 verbohrten Metern erhält AXI 30 Prozent des Projekts, 40 Prozent bei Erstellen einer Machbarkeitsstudie und 50,1 Prozent nach Genehmigung der Mine. Gelingt es, einen qualifizierten Investor ins Boot zu holen, steigt die Beteiligung auf 67 Prozent.


4. Kursziel / Rating

Aufgrund des sehr langen Zeitraumes bis zum ersten Umsatz und damit zu möglichen Gewinnen möchte ich hier kein Kursziel nennen.

Der Charme besteht in der ersten chinesischen Beteiligung über Finanzierung und darin, dass die Chinesen Appetit auf die Eisenerz-Ressourcen bekommen könnten und hier größer einsteigen oder gar eine Komplettübernahme anbieten.

Bedenklich stimmt, dass an der Hauptbörse in CAN so gut wie kein Volumen (gestern nur 20000 Stücke, vorgestern nur lächerliche 12000 Stücke) gehandelt wird, aber an der Nebenbörse in DE riesige Volumen gehandelt werden.

Was wissen die Kanadier, was hier in DE übersehen wird? Warum gibt es in DE so riesige Volumen für einen von der MK so kleinen Explorer? Könnten hier Erwartungen durch BB erzeugt werden, die eigentlich so nicht vorhanden sind?

Fazit: Ich empfehle abzuwarten, bis klare Unternehmensziele kommuniziert werden und eine NI 43-101 Ressourcen-Berechnung vorhanden ist. Spekulative Naturen können hier natürlich einsteigen, in der Erwartung, dass das Unternehmen die Ziele erreichen könnte.

Obige Daten beruhen auf Vergleichsdaten zu anderen Explorern, teilweise auf Schätzungen aufgrund Erfahrungen und erheben nicht den Anspruch auf Richtigkeit/Vollständigkeit. Die Schlussfolgerungen sind meine persönliche, und damit subjektive Meinung.

... do your own research ...

tommy

[tommy-hl]

.
Die Handelsumsätze in Oslo und Frankfurt werden größer ...
Charttechnisch sieht die Aktie auch schon viel besser aus ...
Die Eisenerzpreise steigen ...
Die Ressourcen von NAU werden immer größer ...
Mitte 2008 kommt dann die scoping study für Tapuli und Stora S. ...
Noch ein paar gute Neuigkeiten vom Management und wir haben die besten Einkaufspreise hinter uns gelassen ...

Geduld zahlt sich letztendlich aus ...

Gruß @ alle NAU/NAUR-Aktionäre

tommy

[tommy-hl]

.
Metals Outlook Bullish for Investors With Faith in Emerging Markets

By Romina Maurino - 29 Feb 2008

TORONTO (CP) -- Investors looking to cash in on the increasingly bullish outlook for metals and mining should carefully consider what a slowdown in the U.S. economy will mean for the sector.

Gavin Graham, director of investments at Guardian Group of Funds, says his outlook for metal is ''strongly bullish'' and predicts continued strength into the future despite a possible U.S. recession.

''Although there are a number of people who feel that the slowdown in the U.S. is going to lead to a decline in metals prices - and indeed there has been some substantial pullback in metals like copper and nickel and zinc overt the last year or so - it's not the U.S. that's the big driver of those metal prices any longer, it's China and the emerging markets.''

He believes now is a good time to buy into the sector, but warns that anyone doing so has to ''be a believer in the growth and demand from emerging markets to feel comfortable.''

''If you're not, if you believe that the U.S. is going to pull down the rest of the world and that we're not going to decouple, then obviously this would be the wrong time to be buying base metals, because traditionally ... when there's been a slowdown in the U.S., the prices have not done well,'' Graham said.

Investors should keep on eye out for economic forecasts and projections for emerging markets, as well as economic data such as GDP numbers.

Graham sees iron ore, expected by many to rise 65% in the next year, as well as thermal and metallurgical coal, which have dramatically risen in price following problems relating to extremely bad weather, as two of the of the top picks.

Among the base metals, nickel also has a positive outlook, since demand is likely to remain high for stainless steel.

Donald Coxe, a global portfolio strategist with BMO Capital Markets, shares Graham's optimism.

''The industry is booming and the best for the miners is yet to come,'' he said in a note to clients.

''The current BHP Billiton-Rio Tinto (takeover) drama has meant that investors are being forced to rethink their valuations of the miners based on a flood of optimistic projections of the industry's future profitability, prepared by a new generation of industry leaders.''

BMO recommends long-term investors remain heavily overweight in commodity stocks, including the base metal stocks. In the near term, it says the gold sector ''will continue to outperform stock markets and to act as a form of hedge against two kinds of shocks _ financial panics and inflation shocks.''

Among the naysayers, Paul van Eeden, president of newsletter publisher Cranberry Capital Inc. and an independent investor with a special interest in mining companies, doesn't believe now is the right time to get into the metals sectors.

The U.S. slowdown, he says, will bring metals demand down.

''What is going to perplex investors and what is going to cause serious harm to their investment plans and their retirements is the fact that because of the economic slowdown and the decline in real demand, the real price of these things is going to go down, even though the nominal prices increase,'' he said.

''Because they're not rising in real terms, the real benefit to the mining industry is missing.''

Van Eeden said he had sold off most of his mining stocks and was ''investing aggressively in gold.''

But like with any investment, education is key.

''When you invest in stocks you have to be very, very knowledgeable about the companies that you buy, because you're buying a business,'' he said.

''If you do a proper job of analyzing the businesses, then I think gold is a very good sector to be investing in.''

Graham also suggests keeping the following in mind:

- The price of the stocks does not always track the price of the metal.

''You get leads and lags, so the fact that the price of the metal is going up lot doesn't necessarily mean the stocks will go up a lot because there's a lot of things that can go wrong in mines.''

- Resists the temptation to play in speculative markets.

''While you make more money in the speculative companies - which don't have any production but have prospects because people's imagination can be as wide-ranging as they chose - we've always had a bias toward having producing mines because you do actually have some income, you've got some ways of valuating (the company).''

Copyright 2008 The Canadian Press

[tommy-hl]

.
Wir brauchen also nicht zu befürchten, dass die armen Chinesen keine Profite mehr machen, weil die Eisenerz-Preise steigen ...


China's Annual Steel Product Consumption Hits Record in 2007

By Interfax-China - 29 Feb 2008

SHANGHAI (Interfax-China) -- China consumed a record 520 million tonnes of steel products in 2007, up 17.4% year-on-year, the National Bureau of Statistics (NBS) announced today.

China is the world's largest steel product producer and consumer, producing 489.66 million tonnes of crude steel in 2007, up 16.8% from the previous year, and producing 568.94 million tonnes of steel products, up 21.3% from 2006, the NBS said.

Despite rising raw material prices, China's steel industry generated a record profit of RMB 190 billion ($26.68 billion) in 2007, up 45% from the previous year.

The China Iron and Steel Association, a semi-governmental organization that oversees the majority of domestic steel mills, last week expressed its concern that higher raw material prices will hinder the industry's sustainable development in 2008. High costs are expected to squeeze profit margins of steel mills and also push up steel product prices, the CISA said.

Commentary

A 20% rise in product prices has already been announced by Baosteel, and the likelihood is for further increases as raw materials costs spiral. Nevertheless, returns were strong last year and, given Japanese & South Korean prices have also risen. China will not be pricing itself out of the market and should be able to maintain margins, even if at a slightly lower level.

More of a concern is the industry's ability to maintain export growth to offset slowing domestic growth, as this year is unlikely to see a continuation of the 17% plus domestic consumption growth.

[CaptainBizeps]

Ja endlich mal ein schöner Handelstag und das noch zum Wochenende.
Schlußkurs umgerechnet 2,0889€!

[kurtanton]

Endlich die € 2,- geschafft. Hoffentlich nachhaltig.

[tommy-hl]

Antwort auf Beitrag Nr.: 33.520.551 von kurtanton am 29.02.08 20:07:02

An der Hauptbörse in Oslo wurde der charttechnische Abwärtstrend mit heutigen Kursen von über NOK 16 nach oben durchbrochen ... das ist ein bullishes Zeichen ...

Fundamental betrachtet sind NOK 16 oder EUR 2 immer noch spottbillig ... höhere Kursen sind nur eine Frage der Zeit ... IMHO

Wir werden noch viel Freude haben an NAU/NAUR ...

tommy

[tommy-hl]

Rangfolge der Minenfreundlichsten Länder
Finnland auf Platz Drei aufgestiegen ... gut für NAU ...
Quebec ist auf Platz EINS ... gut für CLM ...

FRASER INSTITUTE SURVEY
Quebec, Finland, Botswana all shine in favorable mining policy survey
Quebec has been ranked as the “La Belle Province” for its favorable mining policy and investment environment, toppling the “Silver State” from its long-time throne.

Author: Dorothy Kosich - Friday , 29 Feb 2008

The Province of Quebec Thursday topped the annual Fraser Institute Survey of Mining Companies as having the best policy environment in the world for mining exploration and investment, toppling long-time champ Nevada from the number one spot.

The biggest surprise was Finland, which soared from a 29th ranking last year to the number three spot.

The survey represents the opinions of 372 mining executives and managers internationally on the policy and mineral endowment of 68 jurisdictions on all continents except Antarctica. The companies participating in the survey reported exploration spending of US$1.48 billion in 2007, up from US$980 million in 2006. Survey respondents represented a 14.8% of total global exploration of US$9.99 billion last year.

Among exploration companies responding, 86% said they had increased spending in 2007. For producer companies with more than US$50 million in revenue, 93% indicated increased spending.

"Quebec has always been viewed in a good light by the mining industry, primarily due to its favorable geology, said Fred McMahon, survey coordinator and Director of Trade and Globalization Studies for the institute. "But Quebec's government also provides a favorable policy environment to go along with strong mineral potential. Mining companies feel Quebec's stable policies provide them with the certainty that reduces risks for long-term projects. Year after year, the survey bears out that above all, mineral exploration companies value stability and certainty when it comes to government policy."

Among with Quebec, the top 10 scorers on the survey are Nevada, Finland, Alberta, Manitoba, Chile, Utah, Wyoming, Ireland and Sweden.

The bottom ranked jurisdiction was Honduras, which did not receive a single response that the country does anything to encourage investment. The nation scored "0" in every category. Other low-ranking scorers were Zimbabwe, Ecuador, Panama, Bolivia, India, Indonesia and Mongolia.

If a mining policy structure "is opaque, unstable, and unpredictable-the things that most vex the mining industry-then the process can be easily politicized and good projects opposed by special interests may be rejected while bad projects with powerful supporters may be approved," McMahon said.

The "Current Mineral Potential Index" portion of the survey reveals whether a jurisdiction's mineral potential under the current policy environment encourages or discourages exploration. Jurisdictions which ranked high in the policy potential index but have limited mineral potential rank lower in the "Current Mineral Potential Index."

Mexico, Quebec, Chile, Burkina Faso and South Australia hold the top five spots on the "Current Mineral Potential Index." The bottom five spots are held by Venezuela, Zimbabwe, Montana, Wisconsin and Ecuador.

The "Best Practices Mineral Potential Index" reflects a jurisdiction's pure mineral potential since it assumed a "best practices" policy regime. "From a purely mineral potential, the seven jurisdictions that tie for top spot are Russian, Brazil, Ghana, the Philippines, Indonesia, Minnesota and Papua New Guinea," according to the survey.

When asked about Russia's mineral potential under "current" regulations, only 45% of those responding said Russia's potential was either neutral or encouraging. Under a "best practices" regulatory regime, where managers can focus on pure mineral potential rather than government-related problems, 100% of respondents said Russia's mineral potential was either neutral or attractive.

The jurisdictions with the greatest room for improvement are: Montana, Venezuela, Wisconsin, Ecuador and Minnesota. The jurisdictions with the least room to improve are Ireland, Chile, Alberta, Namibia and Burkina Faso, the survey found.

Botswana broke several records for the good this year in the survey. Its overall score was the highest ever for an African nation, ranking it in the 11th spot. Zimbabwe would have maintained its dead last ranking, had it not been for Honduras' recording-breaking bad score.

Chile and Peru both rebounded on this year's survey. Chile moved up to the 6th best posting this year, a substantially improvement over its 27th ranking in 2006. Peru ranked 52nd on last year's survey, but moved up to the 28th spot this year. "This may be due to increasing confidence in the political stability in the nation," the Fraser Institute suggested.

The survey provided an analysis of 13 policy-related factors that contribute to the ability of jurisdictions to attract exploration investment and on two overall questions on the attractiveness of a jurisdiction under current and under best practices policies. This year a question on the availability of labor and skills was added to the survey.

Companies were asked to rate jurisdictions on the following factors on a scale of 1 to 5:

Uncertainty concerning the administration, interpretation, and enforcement of existing regulations
Environmental regulations
Regulatory duplication and inconsistencies (including federal/provincial or federal/state and interdepartmental overlap)
Taxation regime (including personal, corporate, payroll, capital taxes, and the complexity associate with tax compliance)
Uncertainty concerning native land claims
Uncertainty concerning which areas will be protected as wilderness or parks
Infrastructure
Socioeconomic agreements
Political stability
Labor regulation/employment agreements
Geological database (including quality and scale of maps and ease of access to information)
Security
Availability of labor/skills
Mineral potential assuming current regulation and land use restrictions
Mineral potential assuming no regulation or land restrictions (but further assuming industry "best practice" standards)
Survey respondents were also asked for their comments regarding individual countries. Two survey respondents bemoaned the destruction of Indonesia's world-leading minerals investment environment and its replacement with chaos.

An exploration company vice president described Sweden as "a well established government process that is not hijacked by special interest groups. Sweden's Environmental Court is nearly a one-window system to get permits."

The largest threat "to continued investment in the industry is the lack of people to complete the work," said an exploration company president.

In Africa, an exploration company consultant said he thinks Ghana has the most favorable mining environment, while an exploration company president said he feels Zimbabwe faces "major political uncertainty, nationalistic policies, expropriation of interests."

One exploration company president called Argentina's mining environment "death by a thousand cuts. They don't come out and take from you; they just slowly suck the life out of your enterprise, with petty dishonesty, gradual duplicity, and willful incompetence." Another exploration executive noted that the bi-lateral commerce treaties between Canada and Argentina are not enforced, hurting Canadian companies exploring in the country.

The president of a mining company said there is a strong mining base in Mexico and Peru, "balanced environmental policies, and well-tested mineral tenure laws. In addition, a reasonable infrastructure [is] in place including trained/skilled workforce."

Meanwhile an exploration company president said Honduras has "capricious politics, corrupt courts and media. Consultation [was held] between stakeholders including industry to form a new mining law and then politicians do not adopt [the recommendations] even though they started the process. Honduras [has] too much political turmoil. The mining industry and other industries are being used in power struggle for political purposes."

A consultant for an exploration company said China suffers from "uncertainty of land tenure because of the necessity to partner with government entities who prove untrustworthy. After giving our partner in China $300,000+ in cash, land covering the JV [joint venture] area was never transferred into the name of the JV: delay after delay. Finally we gave up on the property and moved out of China. This scenario has been repeated time and time again in China-word is trading in investment circles that everyone who works in China is getting ‘ripped off.'"

New Zealand was criticized for a lack of security of tenure, while an exploration company manager declared that Australia is a good mining jurisdiction due to transparency in legal system and laws. However, a mining-related company president claimed Australia suffers from native title problems, bureaucratic regulatory slowness, and lack of available labor, cost blow outs and timeframe issues. "Australian development [is] being hindered through narrow approach to environmental hurdles."

Even perennial favorite Nevada was accused of having a mess with its staking and claims.

[tommy-hl]

Interessanter Artikel zum Thema Rohstoffe!
Auszug Ausgabe "rsr" vom 27.02.2008:

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 stattfindet und am heutigen Mittwoch endet, setzt Maßstäbe in Sachen Qualität bezüglich des Zusammentreffens von Investoren und Gesellschaften.

Wie auch schon in den letzten Jahren, waren die beiden Visionäre D. Coxe und R. 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 BB 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! Im Klartext: 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 ein weit höheres 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.

Robert Friedland: Wenn man die globale Erderwärmung stoppen will, braucht man Minen, Minen und nochmals Minen!

Hart ins Gericht ging Coxe mit der eigenen Analystenbranche. Die heute 25 bis 35-jährigen Analysten seien Kinder der Technologie-Bubble 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 geht Coxe davon aus, 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 Milliarden 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!

Mein Fazit: Scheint doch, dass wir auf dem richtigen Weg sind ...

tommy

[tommy-hl]

.
Die Chinesen können nicht genug davon bekommen … Eisenerz …

China starts up nationwide iron ore exploration
By Difan Yu - 29 February 2008

The Land and Natural Resources Department of China (LNRD) starts up iron ore exploration to ease the stress of rising iron ore prices.

The international iron ore prices has risen 65 percent in 2008, making China's steel production costs sky-rocket by nearly 400 Yuan per ton. As a result, China Steel Industry Association and the Department of Commerce called on the same day for domestic steel enterprises to increase investment on mining in foreign countries, individually or jointly with other companies.

"To launch the iron ore exploration and achieve prospecting breakthrough is the effective way to increase the support capacity of domestic iron ore resources." Wang Min, the vice minister of LNRD said in a recent conference.

In the previous three years, China's average import prices of iron ore have experienced rapid growth: in 2005 it rose 71.5 percent while in 2006 it saw 19 percent gains, and in 2007 it increased rose 9.5 percent.

Wang min expressed that China's central leadership had clearly pointed out that the mineral resources strategy of China is based on domestic resource first and then actively exploit overseas. And he said the first and foremost task is to find large mines in China to ease the resources pressure.
http://www.ibtimes.com

[tommy-hl]

Rohstoffe werden immer begehrter ...

Calpers to Boost Commodity Investments Through 2010
By Saijel Kishan

Feb. 28 (Bloomberg) -- The California Public Employees' Retirement System, the largest U.S. pension fund, may increase its commodities investments 16-fold to $7.2 billion through 2010 as raw materials prices surge to records.

Calpers, which has about $240 billion in assets, agreed at a Feb. 19 board meeting to hold between 0.5 percent and 3 percent of its assets in commodities, spokesman Clark McKinley said. The Sacramento, California-based fund last year put $450 million into commodities, its first such investment.

The agreement is the fruit of Chief Investment Officer Russell Read's efforts since joining in 2006 to boost returns by shifting funds into raw materials and markets such as China and India. Oil has soared above $100 a barrel, wheat breached $13 a bushel for the first time, and gold and platinum climbed to the highest ever since Calpers began investing in commodities.

``We plan on ramping up the program by hiring additional staff,'' McKinley said by phone yesterday. ``We are excited about commodities, which have performed exceptionally well for us.''

The fund's commodity investments have so far tracked the Standard & Poor's GSCI index of 24 commodities, which returned 10 percent this year, adding to a 33 percent gain in 2007. In comparison, the Standard & Poor's 500 Index of stocks has fallen 6 percent in 2008, while U.S. Treasuries returned 2 percent, according to Merrill Lynch & Co. indexes.

20 Years of Growth

``Strength in commodity markets will be something we should see generally over the next 10 to 20 years,'' Read, 44, said in an interview in April, a year after he moved to Calpers from Deutsche Asset Management. ``The actual importance of the energy and materials sector we believe is going to explode.''

Investors from hedge funds to housewives have been putting their money into commodities such as gold, silver, copper, wheat and energy to help cover losses on stock investments and make up for historically low Treasury yields. Public pension plans in the U.S. hold on average about 81 percent of the funds they need for future retiree benefits, down from 100 percent in 2000, according to a study by Standard & Poor's.

Money managers plan to boost investments in commodities over the next three years, according to a survey by Barclays Capital published in December. About half of the 150 investors surveyed in New York aimed to expand commodities to more than 10 percent of their total assets, up from less than a fifth of respondents in 2005, Barclays said.

Read's Strategy

Calpers, under Read's strategy to change the way it parcels out funds, said in December it planned to switch about 11 percent of its portfolio from stocks and bonds into assets including investments linked to inflation.

The fund, also facing pressure from state and local governments to boost returns, would reduce its fixed-income investments to 19 percent from 26 percent. The yield on the 30- year U.S. Treasury bond last month fell to the lowest since regular sales of the debt began in 1977.

The fund's commodity program will come under the inflation- linked asset class, McKinley said. Calpers will decide on the proportion of assets invested in commodities ``depending on market opportunities,'' he added.

Calpers plans to allow its staff to actively manage some of the commodity investments this year, McKinley said.

www.bloomberg.com

[supernova1712]

Neue Firmenpräsentation auf der Homepage:

http://www.northlandresourcesinc.com/i/pdf/Presentation-Mar0…

Bin seit heute auch NAU-Aktionär.Nur aus Neugier mal eine Frage:

Wie kommt eigentlich eine kanadische Firma, die in Schweden und Finnland exploriert, ausgerechnet zu einer Börsennotiz im norwegischen Oslo?

Auf gute Gewinne!

Gruss
supernova

[tommy-hl]

Antwort auf Beitrag Nr.: 33.531.681 von supernova1712 am 03.03.08 09:50:16

Willkommen an Bord! Wirst noch Deine Freude an NAU haben ...

Oslo ist die Hauptbörse für Skandinavien. Durch die künftigen Minen in Schweden und Finnland sah das NAU-Management in den dortigen Kapitalanlegern das größte Interesse.

Hier mal etwas über die Millionäre in Norwegen:

One in 86 Norwegians has more than $1 million, giving Norway more millionaires per capita than any other country, an international study found Wednesday.

The study -- by France's Capgemini consulting and professional-services firm and Merrill Lynch & Co. -- also found the number of Norwegian millionaires grew 9.7 percent last year.

This is a faster growth rate than the 8.3 percent world average and the 6.4 percent European average, Oslo's Aftenposten daily reported.

Capgemini attributed the large number of Norwegian dollar-millionaires to the country's strong economy and a booming Oslo Stock Exchange.

Most of the new Norwegian dollar-millionaires have earned their money on shares and real estate, Capgemini Nordic financial services industry Director Roger Gullqvist told Norway's Finansavisen financial daily.

Norway's millionaire abundance also reflects the country's economic growth since the 1969 discovery of offshore oil, the study found.



Klasse Präsentation von NAU!
Wichtige Aussagen:

• Access to Capital
Management believe that current cash will fund Feasibility Studies & start up of construction at Tapuli. Balance will be funded by a combination of equity & traditional project finance. Northland has had substantial interest from major banks.

• Northland’s 18 mth target is to drill define combined NI43-101 compliant resources of at least 750-million tonnes in all resource categories

... stay long ...

tommy

[Vampirchen]

Antwort auf Beitrag Nr.: 33.532.156 von tommy-hl am 03.03.08 10:50:59

Hallo Thommy,

..........und wo siehst du Norwegen auf der minenfreundlichen Länderleiter?......

[supernova1712]

Antwort auf Beitrag Nr.: 33.533.735 von Vampirchen am 03.03.08 13:39:27

Blätter mal zwei Tage zurück zu Tommy's Posting #3358:

Among with Quebec, the top 10 scorers on the survey are Nevada, Finland, Alberta, Manitoba, Chile, Utah, Wyoming, Ireland and Sweden.

Zur Erinnerung: Die Minen sind nicht in Norwegen (dort ist nur die Börsennotiz), sondern in Schweden und Finnland.

[Varenatur]

Hi - here is a feature story about Northland in one of the local papers. In Swedish, of course, but the pictures tell some of the story on their own.

http://www.nsd.se/artikel.aspx?artid=85941&arkiv=False&city=…

Kuriren, another local paper, today quoted the Swedish secretary of trade, Maud Olofsson, about Northland. She said this could become "bigger than anyone imagined".

[tommy-hl]

.
Auf meiner Suche nach aussichtsreichen Explorern bin ich auf diesen gestoßen, der seine Mine in der Nachbarschaft von NAU hat:

Northern Iron Ltd. (NFE)
Umsatz/Gewinn-Kalkulation (1. grobe Schätzung)
WKN: A0M744 - NFE – - ISIN: AU000000NFE7


Ein australischer Explorer auf dem Weg zum Eisernerz-Produzenten in 2009

NFE hat die frühere Eisenerz-Mine „Sydvaranger“ in Norwegen gekauft und will die Produktion bereits in 2009 starten.

Aktienanzahl: 169 Mio.
Marktkapitalisierung: 358 Mio. EUR (Aktienkurs: 2,12 EUR)
Cash-Position: ca. 130 Mio. A$

Infrastruktur ist vorhanden!
Bahngleise mit Anschluss an Verladehafen, Straßen, Strom und Wasser sind vorhanden.

Ressourcen: Zurzeit geschätzt 300 Mio. t Eisenerz mit Fe-Gehalt 29%. Bestätigung nach JORC ist in Arbeit.

Minenleben: 19 Jahre mit dem geplanten Produktionsvolumen. Erweiterung der Ressourcen steht auf der Agenda.

Tagebau-Betrieb

Niedrige Capex ohne Kredit!

Behörden-Genehmigungen sind beantragt und werden Mitte 2008 erwartet.


1. Kalkulations-Parameter

1.1 Produktionsvolumen/start
Die feasibility study ist in Arbeit. Interne Studien gehen von einem Produktionsstart in Q2-2009 aus.
Produktionsvolumen geplant: 7 Mio. t Roherz, das dann konzentriert wird auf 2,9 Mio. Eisenerz-Konzentrat mit 67% Fe-Gehalt.
Ab 2010 soll eine Prozessanlage 3 Mio. pellets erarbeiten.
Ab 2011 ist eine Vergrößerung der Förderung auf 7 Mio. pellets geplant.

1.2 Umsatzerlös für Eisenerz
Per Januar 2008 wurden C&F-Preise von 139 US-Cents/dmtu für Sinter erlöst. Die in den letztgenannten News erwähnten Preissteigerungen von 65% beziehen sich auf die zum 1.4.2007er-Preise und liegen bei 150-155 US-Cents/dmtu (entsprechend 120-125 US-Cents/dmtu auf FOB Brazil port Basis). Ich wähle deshalb für NFE einen Erlös von 125 US-Cents/dmtu für das Konzentrat und 155 US-Cents/dmtu für die pellets .

1.3 Operating Costs
Der Tagebaubetrieb macht eine Förderung günstig und die Transportkosten sind durch kurze Strecken relativ niedrig. Vergleichbare Minen haben operating cost von 40 $/t. Ich gehe deshalb von 40 $/t für das Konzentrat und 50 $/t für die pellets aus.

1.4 Capex p. a.
Angenommen wurden 105 Mio. $ die durch Eigenkapital gedeckt sind.
Für die Vergrößerung des Produktionsvolumen ab 2011 werden weitere 60 Mio. $ angesetzt, die aus dem cashflow bezahlt werden.

1.5 Finanzierungskosten
Null, da kein Kredit erforderlich!

1.6 Steuer
Es wurde ein Steuersatz von 30% verwendet.

1.7 Gewinn pro Aktie
Es wurde eine Stückzahl von 169 Mio. Aktien zugrunde gelegt.


2. Umsatz/Gewinn-Kalkulation (1. grobe Schätzung)

Geschätztes Ergebnis für 2009 ….. 2010 …. 2011
Produktion Eisenerz (67%) 1,5 Mio. t .. 3 Mio. t .. 6 Mio. t
Gesamtumsatz USD ........ 125 Mio. . 310 Mio. . 620 Mio.
operating cost FOB ............ 60 Mio. . 150 Mio. . 305 Mio.
AfA / Capex ........................ 10 Mio. ... 15 Mio. ... 15 Mio.
= EBIT ................................ 55 Mio. . 134 Mio. .. 300 Mio.
Finanzierungskosten .......... 0 Mio. .... 0 Mio. ..... 0 Mio.
-------------------------------------------------- ----------------------
= Bruttogewinn ……........... 55 Mio. ...134 Mio. . 300 Mio.
minus Steuer ……….... ..... 16 Mio. .... 40 Mio. .... 90 Mio.
-------------------------------------------------- --------------------------
= Nettogewinn ……..…..… 39 Mio. … 94 Mio. . 210 Mio.
= Gewinn pro Aktie: ……… 0,23 $ …. 0,56 $ ….. 1,24 $ (169 Mio. Stück)
= Gewinn pro Aktie: ……… 0,15 EUR . 0,37 EUR . 0,83 EUR

= KGV (Kurs 2,12 €): ……. KGV 14 … KGV 5,7 ... KGV 2,6

Kurs bei KGV 10: …………. ---------- .. 3,70 EUR .. 8,30 EUR
Kurspotenzial: ……………... --------- …. 75% ……. 290%

3. Chancen/Risiken

3.1 Chancen

+ kein Länderrisiko (Norwegen)
+ Niedrige Marktkapitalisierung im Verhältnis zu den Eisenerz-Ressourcen
+ Tagebaubetrieb mit niedrigen Produktionskosten
+ Eisenerz-Preis im Aufwärtstrend (auch für die nächsten Jahre erwarte ich hier Preissteigerungen)
+ Produktionsstart in ca. 1 Jahr
+ Minenleben ca. 19 Jahre, erweiterbar
+ Niedrige Capex
+ Kein Kredit erforderlich
+ Hoher Cash-Bestand

3.2 Risiken
- 43-101 Ressourcengutachten steht noch aus
- Ausstehende feasibility study
- Ausstehende Genehmigungen der Behörden


4. Kursziel / Rating

Aufgrund der relativ niedrigen Risiken und der hohen Wahrscheinlichkeit, dass die Produktion bis Mitte 2009 starten wird, sehe ich Kurse von EUR 3,00 in 2009, EUR 4,50 in 2010 und EUR 8,00 in 2011.

Mein rating: KAUFEN (erste Position aufbauen, bei Kurs-Rücksetzer weitere Posi)

Obige Daten wurden nach bestem Wissen ermittelt und erheben nicht den Anspruch auf Richtigkeit/Vollständigkeit. Die Schlussfolgerungen sind meine persönliche, und damit subjektive Meinung.

... do your own research ...

tommy




Research report:

http://www.northerniron.com.au/index.php?option=com_content&…

[Vampirchen]

Antwort auf Beitrag Nr.: 33.534.029 von supernova1712 am 03.03.08 14:11:33

Ich habe definitiv die Norwegen-Mine gemeint.

[tommy-hl]

Iron law of high demand, rising prices
Next Big Thing?

Peter Koven, Financial Post
Published: Tuesday, March 04, 2008

With staggering price increases on the horizon, this could be the time that Canadians finally start to take iron ore seriously.

A couple of weeks ago, the mining world was in shock as Brazil's Companhia Vale do Rio Doce announced it secured a 65% price increase with Japanese and Korean steelmakers.

That sets a benchmark for the other big producers -- BHP Billiton PLC and Rio Tinto PLC-- to follow.

"I think everyone was quite surprised, they were hefty increases indeed," says Bart Melek, global commodity strategist for BMO Capital Markets. "[But] going forward we're looking at these prices to remain quite strong."

The price settlements speak to a market that has become dramatically tighter in the past five years. The seaborne iron ore market has grown from 454 million tonnes in 2000 to about 782 million last year.

That's what Gord McCreary wants to hear. As chief executive of Baffinland Iron Mines Corp., he is sitting on a world-class deposit in Baffin Island with 365 million tonnes of proven and probable reserves.

Getting a mine built in that corner of the world is a big challenge, but another problem for Mr. McCreary is that Canadian investors just don't "get" iron ore. It's an attitude he is trying valiantly to change.

"Here in Toronto, everyone is so focused on precious and base metals that they really haven't made any money on iron ore," he says.

"There's just not much knowledge in the community of how important high-quality iron ore assets are."

In Canada, there are plenty of ways to play precious and base metals, but the only ways to invest in iron ore are in small companies such as Baffinland and Consolidated Thompson Iron Mines Ltd. The biggest iron ore play in the country is Iron Ore Company of Canada, a private firm that was formed nearly 50 years ago.

Globally, there is no question about iron ore's relevance. The deposits in Western Australia are the main driver behind BHP's attempts to buy Rio Tinto, and Chinese steel demand is going through the roof. China alone imported 383 million tonnes last year, and demand there is rising by about 50 million tonnes a year.

The situation is tight on the supply side as well. Three companies (BHP, Rio Tinto and Brazil's Vale) control nearly 80% of the seaborne iron ore market, which gives them enormous clout in pricing. They will have even more if BHP buys Rio Tinto.

That makes the global steel industry very nervous about where their future supply will come from, particularly in Asia. Some steelmakers, such as industry leader Arcelor Mittal, have secured their own supply. In fact, Arcelor Mittal is the world's fifth-largest iron ore producer.

"Ultimately, a lot of those inputs in steel are going to get more expensive, at least for the next little while, until we see the supply side respond. And with much of the uptake continuing at a strong pace, we shouldn't be looking at a lot of relief any time soon," Mr Melek says.

Mr. McCreary is happy to point to numbers that demonstrate the importance of strong iron-ore assets. One of his favourites is the Hamersley operations in Western Australia.

As the iron ore price declined about 1% a year between 1982 and 2002, Hamersley posted an after-tax rate of return of plus-27%.

.
"Now that is a core operating asset," he says.

Mr. McCreary is certain that he has another one in Baffin Island. However, he'll need $4.1-billion to take it to production, he'll need a strategic partner, and he'll need investors to fully believe in his message. But in the midst of soaring Asian growth in iron ore demand and the possibility of more consolidation, he is fully confident that it will happen.

"It's taken me $170-million to get to feasibility," Mr. Mc-Creary says.

"I built mines in the past for half of that. Everything about this project is big, as will be the returns."

[e-mail]

[tommy-hl]

.
- Citi erwartet für nächstes Jahr weitere 30% Preissteigerung für Eisenerz ...

- Der Markt für die Lieferung von Eisenerz bleibt eng für die nächsten Jahre ...

Broker tips big rise in store for iron ore

5th March 2008, 6:45 WST

Analysts at influential investment bank Citi have weakened attempts by Asian steel mills to withstand Rio Tinto’s demand for a 70-plus per cent rise in 2008 benchmark iron ore prices by forecasting that next year’s price is likely to rise another 30 per cent.

While Rio and arch-rival BHP Billiton remain locked in tense negotiations with their steel mill customers over this year’s price, Citi analysts Alan Heap and Alex Tonks say they expect iron ore markets to remain tight “for the next few years” and the gap between the benchmark and the much higher spot price to narrow.

In tipping a 30 per cent rise in benchmark prices for 2009, the analysts also forecast a long-term price of about $US60 a tonne, compared to the $US55/t Rio receives for its Pilbara ore.

The bullish Citi note — the broker yesterday declared it was “perhaps now the biggest iron ore bull” — will come as a huge tonic to WA’s iron ore industry. The influential Citi research will help Rio and BHP’s demand for a freight premium for their Pilbara ore to counter their mines’ proximity to Asia when compared to their main rival, Brazil’s Vale. Rio and BHP are demanding a share of the cost savings reaped by Asia’s steel mills for sourcing Pilbara ore, at a significantly lower freight cost, than the Brazilian product.

The freight argument is the reason why neither Rio nor BHP have joined Vale in agreeing to a 65 per cent benchmark price rise this year.

The steel mills have so far resisted Rio and BHP’s demands for fear of causing irreparable damage to the decades-old benchmark pricing system, which has helped steel mills avoid buying iron ore on the spot market where prices are twice as high.

PETER KLINGER
www.thewest.com.au

[tommy-hl]

.
Australia forcasts large commodities gains

Australia, the world`s largest shipper of coal, iron ore and wool, forecast the biggest gain in commodity exports in 29 years, driven by demand in China.

Sales may rise 30% to a fifth straight record of A$189.1 billion (US$178 billion) in the year ending June 30, 2009, the Canberra-based Australian Bureau of Agricultural and Resource Economics said on Tuesday. That compares with a revised A$145.6 billion this fiscal year and is the biggest gain since 1979-1980.

Prices for the nation`s top five commodity exports (iron ore, coking and thermal coals, gold and crude oil) have risen to records this year, stoking earnings at producers including BHP Billiton. Surging prices drove inflation in China and Japan to the fastest pace in about a decade, and the forecaster on Tuesday said there are risks of more increases in emerging markets.

"The underlying demand from the economic growth of countries like China, India, Vietnam is probably going to continue for another two decades," Saul Eslake, chief economist at Australia and New Zealand Banking Group Ltd, told reporters at the bureau`s Outlook 2008 conference in Canberra. "Part of the rise in global inflation we`ve seen over the past year is directly attributable to rising prices for energy and, more recently, for food."

China`s economy expanded 11.4% in 2007, the fastest in 13 years, and consumer prices gained 4.8%, exceeding the government`s 3% target. China`s demand is driving Australia`s 17th year of economic growth as companies spend a record A$57.9 billion developing mines and oil fields.

"Continued strong economic growth, industrialisation and urbanisation in China are putting pressure on domestic resources," the forecaster said in its March quarter report. The commodity export forecast comes as the Reserve Bank of Australia raised its benchmark interest rate to the highest in almost 12 years to slow the fastest inflation since 1991. Raw materials account for about 17% of Australia`s economy.

"The very real concern that our central bank shares with the central banks of countries like China and Vietnam is that rising prices for food and energy could become more widespread and lead to inflationary wage demands," ANZ`s Eslake said. Contract prices for iron ore in the year starting April 1 rose by as much as 71%.

Prices for hard-coking coal may surge to a record US$200/t from US$98/t this contract year, a Bloomberg survey last month showed. Spot prices for thermal coal and coking coal climbed to records this year after flooding at mines in Australia and snowstorms in China.

"China is far and away the biggest underlying force" driving sales, Peter Arden, an analyst at Ord Minnett Ltd, an affiliate of JPMorgan Chase & Co, said by phone from Melbourne. "The outlook is very, very rosy."

China`s biggest commodity companies, including Aluminum Corp of China Ltd have said they`re concerned that BHPB`s proposed takeover of rival Rio Tinto Group would concentrate supplies and wield too much pricing power. BHPB and Rio Tinto are the world`s largest and third- largest mining companies.

Exports of minerals and energy are forecast to jump 33% to A$153.4 billion in fiscal 2009, the bureau said. Earnings from energy commodities may gain 54% to A$66.8 billion on increased volumes and higher prices for coal and oil. Gold prices, which rose to a record on Monday, may average US$870/oz in 2008, 25% higher than 2007.

Mining Journal Online (Bloomberg, March 4)

[Deliberately]

Für Northland scheint mir sehr entscheidend zu sein, wie hoch
der Transportkostenvorteil ist gegenüber den großen Minen in
Australien ist. Dass heißt, was kostet der Transport einer
Tonne Eisenerz von Australien nach Europa? Leider habe ich davon
keine Ahnung.

Deliberately

[supernova1712]

Antwort auf Beitrag Nr.: 33.554.497 von Deliberately am 05.03.08 11:14:12

Habe etwas gegoogelt und dabei folgenden Text vom 31.12.07 gefunden:

Der Rohstoffhunger vor allem der aufstrebenden asiatischen Volkswirtschaften wächst und wächst, die Materialien aber müssen meist von der südlichen Hälfte der Erdkugel, vor allem aus Afrika oder Südamerika, erst herangeschafft werden. Eine Tonne Eisenerz kostet derzeit rund 60 Dollar. Die Transportkosten des Materials beispielsweise von Brasilien in die Stahlküchen nach China betragen aber schon 88 Dollar pro Tonne.

Ich gehe mal davon aus, dass die Frachtraten von Menge und Entfernung abhängig sind. Eine Verschiffung von den Häfen in Schweden oder Finnland nach einem Ost- oder Nordseehafen dürfte also sicher nur einen kleinen Bruchteil der Kosten eines Überseetransportes betragen, oder?

Kennt sich jemand genauer aus?

[KingKong2]

Antwort auf Beitrag Nr.: 33.554.497 von Deliberately am 05.03.08 11:14:12

Der Transport auf dem Seeweg ist relativ billig: 1 Tonne Eisenerz von Australien nach Europa kostet laut bpb nur 12 USD

http://www.bpb.de/wissen/KSW7JQ,0,0,Seefracht.html

[Deliberately]

Antwort auf Beitrag Nr.: 33.555.265 von KingKong2 am 05.03.08 12:24:44

Die 12$ beziehen sich auf 2004. Da waren die Ölpreise noch viel
niedriger.
Habe bei einem Schiffsmakler angerufen. Dort sprach man von
50$, allerdings für Kohle.
Bin mir ziemlich unsicher.

Deliberately

[tommy-hl]

Antwort auf Beitrag Nr.: 33.555.265 von KingKong2 am 05.03.08 12:24:44

Die dort genannten 12 usd/t sind aus dem Jahr 2004.
Durch deutlich höhere Ölpreise, Schiffspreise, Löhne usw. sind heutige Seefrachtraten deutlich höher. Hier ein Beispiel von Nov. 2007:

High costs hit iron ore exporters
November 12, 2007: In spite of high grade Indian iron ore (with ferrous content of 63.5 per cent) fetching a record $175 a tonne in the international market (up three times from last year's price of $62), exporters' operating margins in dollars have not risen in the same vein. Margins have only doubled to $51 from $26 in November last year.

If you add to this the negative impact of rupee appreciation, the US dollar has plunged to Rs 39.5 from Rs 45, exporters' operating margins a tonne in rupees is up 74 per cent or Rs 865, that is less than double.

"Though the iron ore price (in dollars) has risen by 182 per cent, the profit margin has not gone up proportionately due to various factors like spiralling sea freight, inland transportation and port handling costs, appreciating rupee and a new export duty," said Pradeep Wodeyar, managing director, Matha Minerals, a Bangalore-based iron ore exporter.

"This time last year, when the price of high grade iron ore was $62 a tonne, we could cover sea freight, transportation and port handling charges within $29 for each tonne. We were left with a profit of $26 (when the dollar exchange rate was Rs 45). Now, the profit on every tonne exported is $51. This does not includes the impact of rupee appreciation (which works out to over Rs 850 per tonne)," said an official of Mysore Minerals, a Karnataka government undertaking, which exports iron ore to China.

Of the current realisation of $175 a tonne, $46 goes towards sea freight charges, $34 towards inland transportation and logistics (including railway freight and stock yard congestion fee), $26 towards port handling, labour and stocking fee and around $7.50 for export duty. Plus, production costs have gone up from $7 to $10 a tonne.

In the last one month alone, the sea freight charges for iron ore transportation have risen drastically to $46 per tonne from $15 per tonne due to non-availability of vessels. Similarly, the Indian Railways has increased freight and stock yard congestion charges, and surcharges.

"Though there is tremendous demand for Indian iron ore, the profit margin has not risen accordingly. The actual price realisation is not encouraging since exporters are paying a lot towards other expenses," S B Chauhan, advisor to the Federation of Indian Mineral Industries, said.

Source: Business Standard

Soweit der Artikel: Durch die sehr kurzen Seewege von Ostseehäfen in Finnland zu Abnehmern mit Ostseehäfen in Polen und Nordseehäfen in Deutschland und Holland sind die Transportkosten für die Seefracht nicht mal halb so hoch wie von Australien.

[tommy-hl]

.
In einem Artikel vom Okt 2007 wird von 50 $/t Seefracht für Eisenerz gesprochen:

AA. What are the Benefits POSCO stands to get:

1. 20 Million tonnes of High grade Iron Ore at a cost of Rs. 500/ tonne ( the cost of mining and handling) as against the International Price of Rs. 4000/ tonne. ( International price is escalating @ 20 to 25% every year). Thus the amount saved by POSCO is Rs. 7000 Crores per year, as POSCO is buying Iron ore from the International market for their Korean Plants.

2. On an average to produce one tonne of Steel, we need to procure about 4 tonnes of various Raw Materials viz. Ore, Coal, Lime Stone, Manganese, Dolomite, etc. Thus POSCO is saving the Sea freight for 48 million tonnes of Raw Materials per annum. On the basis of a flat sea freight rate of USD 50/ per tonne, the savings on account of this parameter is estimated as USD 2400 million i.e. Rs. 9600 Crores per annum.
http://hindtoday.com/Blogs/ViewBlogs.aspx?HTAdvtId=975&HTAdv…

[Deliberately]

Habe heute mal mit dem Einkaufschef von Thyssen Steel telefoniert.
Die Transportkosten für Australien/Deutschland würden stark
schwanken und hätten in letzter Zeit so zwischen 15 und 70 $
gelegen. Ich denke, ein Großteil davon ist auf die Knappheit der
Schiffe zurückzuführen. Der Rest geht auf den Ölpreis. Die
Knappheit der Schiffe wird nicht von Dauer sein, der hohe Ölpreis
schon. Mehr als 20$ Transportkosten auf Dauer würde ich zunächst mal nicht
unterstellen. Es wäre schön, wenn man genauere Informationen
bezüglich des Anteils des Ölpreises von einem Reeder hätte.

Deliberately

[tommy-hl]

Antwort auf Beitrag Nr.: 33.560.217 von Deliberately am 05.03.08 18:38:08

Die Transportkosten für Australien/Deutschland würden stark
schwanken und hätten in letzter Zeit so zwischen 15 und 70 $
gelegen ...

Die Aussage ist absolut schwachsinnig, da kein Schiff bei den heutigen Betriebskosten in der Lage ist, Erz für 15 $/t zu transportieren ...

Da du so "unsicher" bist und keine Ahnung hast, empfehle ich dir deine Aktien zu verkaufen und diesen thread zu verlassen ...

Jedem, mit ein bisschen Verstand sollte klar sein, dass Lieferungen aus Schweden und Finnland zu europäischen Stahlkochern deutlich billiger sind, als Lieferungen aus Australien oder Brasilien ...

Also, wo ist das Problem ... außer im deinem Kopf ...

Good bye ...

[CaptainBizeps]

Naja der Punkt ist wohl das man hier in Europa doch wohl teuer produziert aber billig transportiert wegen der kurzen Strecke.
Das Erz aus Australien, Südamerika, usw wird aber wohl billiger produziert dafür aber teurer verschifft eben wegen der lange Strecke.

Da machen sich wohl einige Gedanken drum.

[tommy-hl]

.
Forecasts for metal prices upgraded
Andrew Trounson | March 06, 2008

ANALYSTS continue to upgrade their metal, iron ore and coal price forecasts because of tight supplies and production disruptions.

According to Macquarie Equities, the relative strength in commodity markets means that some mining stocks are set to be resilient amid the global stock market uncertainty.

"In the context of day-to-day turmoil in the financial sector, we continue to believe that specific sections of the resources market should be viewed as a safe haven for equity investors," Macquarie said.

It noted, in particular, strong gold prices, long-term strength in iron ore and coal and an improving outlook for aluminium.

Macquarie yesterday upgraded its short-term forecasts for aluminium by 15-18 per cent, while also raising its near-term copper forecasts by 9-13 per cent and its nickel forecasts by 4-16 per cent.

China's aluminium production has been hit by temporary power shortages, while South African output faces longer-term power restrictions.

In iron ore, Citigroup expects supply to remain tight for at least another year and is tipping prices to rise a further 30 per cent in 2009-10 on top of the 65-71 per cent contract price rise secured by Brazil's Vale.

Reflecting the tight market, Rio Tinto and BHP Billiton are still to agree prices, negotiating hard to secure at least the upper end of the Vale deal.

Spot prices for Indian iron ore into into China continue to rise.

"The market is set to remain tight for at least another year with demand increasing and producers struggling to keep pace," Citigroup said in a report this week.

Goldman Sachs JBWere has also upgraded its 2009-10 iron ore price forecast from rollover to a 20 per cent rise. It sees prices falling back 15 per cent in 2010-11.

Goldman has also increased its 2008-09 hard coking coal price forecast by $US50 a tonne to $US250 a tonne, a huge 155 per cent rise on last year's $US98 a tonne settlement.

It has increased its thermal coal forecast by $US20 to $US130 a tonne, a 134 per cent increase on 2007-08 prices.
www.theaustralian.news.com.au

[Deliberately]

Antwort auf Beitrag Nr.: 33.562.310 von CaptainBizeps am 05.03.08 21:45:39

Genau richtig. In der neuesten Präsentation von Northland
heißt es: "Ocean freight costs from Brazil to Rotterdam are
currently $15-20/t higher than costs from Narvik to
Rotterdam." Dazu gibt´s ja auch noch ein Schaubild und eine
Grafik.
Auf die Dauer kann man diesen Kostenvorteil Northlands
wohl nur mit 10$ ansetzen, denn die Preise für Transportkosten
sind zurzeit extrem hoch und werden kaum so hoch bleiben.
Ob das ausreicht für Northland die niedrigeren Produktionskosten
der Brasilianer auszugleichen, ist noch die Frage. Würde mal
gern wissen, mit welchen Lohnkosten Northland und die Brasilianer
rechnen und wie stark sich die Größenvorteile der Brasilianer
auswirken.

Deliberately

[CaptainBizeps]

Antwort auf Beitrag Nr.: 33.565.633 von Deliberately am 06.03.08 10:45:18

Ja der Vergleich wäre interessant.

[tommy-hl]

.
PDAC: Lawrence Roulston on Commodity Bull
Wednesday, March 5, 2008 - By Robert Arber

Newsletter writer talks biggest bull argument in the room.

On the first day of the Prospectors & Developers Association of Canada (PDAC) conference in Toronto, I had the pleasure of sitting in on the afternoon session at the Investors Forum. Bold-speaking newsletter writers – most, if not all, well known by Stockhouse readers – took to the stage to regale listeners with various interpretations, histories and forecasts of and for the macro-economy.

Resource guru Lawrence Roulston of the famed Resource Opportunities newsletter spoke with great conviction on the current state of the commodity markets. In his view, it really IS different this time. Dangerous words to be sure, but Roulston is convinced. Why?

Roulston believes that there is a lot of "misinformation about the base metal markets." Our skewed North American perspective is obscuring, for many, the fact that "most of the rest of the world is booming," and that "infrastructure growth in China is nothing short of extraordinary." If anyone out there believes that the U.S. economy has decoupled from the Asian markets in a real way it's Roulston, who went so far as to say that the U.S. economic slowdown will have "no impact whatsoever" on international base metals demand, which is instead "going to accelerate."

Without getting into detail about the macro-economic picture, Roulston noted that "there is a great diversity of opinion about what's going on in the economy right now," and investors are losing sight of the big picture. No matter which way you slice it, in Roulston's view of the base metal markets there is one simple fact that ought to underpin the investment strategy of everyone: "This is a secular bull market."

Roulston cited two waves of demand and assured the audience that while wave two is just now beginning, it doesn't mean the end of wave one – wave one will continue to rage. Wave one is made up of base metals demand for infrastructure projects, and it has provided the underpinning for the most recent leg of the bull run. Now wave two is hitting, which is the wave based on consumer demand for "stuff." All this stuff – from cars to refrigerators to TVs to houses – requires base metals. And if you think by consumer demand Roulston is referring to North American buyers, think again.

Combined with these two waves of demand, you have the compounding problem of shrinking supply: "The low hanging fruit is gone," says Roulston. It's no mystery what happens to prices when increased demand is met with decreasing supply.

If you're not convinced that the base metals commodity bull is here to stay, Lawrence Roulston would have no problem setting you straight.
source: interview PDAC

[tommy-hl]

.
Vale settles 2008 iron ore fines prices with ArcelorMittal
London (Platts)-- 7 Mar 2008

Companhia Vale do Rio Doce has concluded the iron ore price negotiations for 2008 with ArcelorMittal Sourcing, the world's largest steelmaker, securing a 65% price increase in line with the deals already agreed with number of other steelmakers, the Brazilian miner said.

The iron ore prices for Southern System fines, FOB Tubarao, increased by 65% relative to 2007; at the same time, due to its recognized superior quality, it was agreed that the price for Carajas iron ore fines would have a premium of $0.0619/dry metric ton Fe unit over the 2008 price for Southern System fines, Vale said.

The new reference prices per dry metric ton Fe unit for 2008 are $1.3441 for Southern System fines and $1.4060 for Carajas fines.

"The magnitude of the price increase for 2008 reflects the continuity of very tight conditions still prevailing in the global iron ore market," Vale said in a statement.
www.platts.com

[tommy-hl]

Da der Aktienkurs "Luft holt" für den nächsten Aufstieg,
habe ich gerade noch mal ein paar Stücke gekauft ...

Schaun wir mal, wo wir nächstes Jahr stehen werden ...

tommy

[tommy-hl]

Das Geld liegt auf der Straße
07.03.08

Straßen, Brücken und Schienen: Das Thema Infrastruktur ist derzeit en vogue bei Fondsgesellschaften. Was taugt es für Anleger?

Langfristiger Trend, aber kein gradliniges Wachstum.
"Der Ausbau der Infrastruktur ist ein langfristiger Trend, weil entsprechende Maßnahmen in vielen Ländern einfach notwendig sind.

Fazit: Das Thema Infrastruktur ist spannend und verspricht in den kommenden Jahren interessante Renditechancen. Etwas Lust am Risiko und einen längerfristigen Anlagehorizont sollten Investoren allerdings schon mitbringen.

Exkurs: Was ist Infrastruktur?

Der Begriff Infrastruktur (lat. Unterbau) bezeichnet die wirtschaftlichen und organisatorischen Grundlagen, die für das Funktionieren und die Entwicklung einer Volkswirtschaft nötig sind. Der Begriff beinhaltet viele Bereiche. Verwaltung, Verkehr, Handel und Produktion werden ebenso dazugerechnet wie die Energiewirtschaft. Konkret zählen dazu Ämter und Bildungseinrichtungen, die Energiewirtschaft und natürlich das Verkehrssystem mit Straßen, Wasser-, und Schienenwegen sowie Flugplätzen, was den Waren- und Personenverkehr ermöglicht.
Quelle: €uro fondsxpress.

Meine Anmerkung: Und für das alles braucht man jede Menge Stahl … und für Stahl braucht man Eisenerz und Kohle …

[tommy-hl]

Frachtvorteil für Seefracht von Australien nach China gegenüber Transport von Brasilien ...

Auf der dort gezeigten Weltkarte kann man dann auch die Entfernungen zu Europa sehen und erahnen, wie billig der Transport von Finnland für Northland sein muss ...

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes…

[tommy-hl]

ISTANBUL – Turkish Daily News
Ereğli Demir & Çelik to invest in iron ore
Saturday, March 8, 2008

Turkey's largest steel producer, Ereğli Demir & Çelik, might spend $350 million on a mining venture this year, the company's chief executive officer told a press conference in Istanbul Friday.

“We have long-term investment plans in southern Turkey's Hasan Çelebi mine, which has 700 million tons of iron ore reserves,” Oğuz Özgen said during a press conference held to announce the company's 2007 financial status as well as its investment plans for this year. Erdemir will start work on the mine in the second quarter of this year and complete the investment by the second half of 2010, he added.

The company, which invested $947 million last year, plans to invest nearly $800 million in various sectors this year. The company is also planning to invest $4.2 billion by 2012 on projects including upgrading factories and expanding production, said Özgen. The company last week posted a net income of YTL 679.4 million ($550 million) for last year, little changed from the previous year, on sales of YTL 5.45 billion.

Global raw steel production was slightly above 1.34 billion tons last year, with an increase of 7 percent from a year earlier, said Özgen. “China is a great factor. Raw steel production in China increased by 15 percent to reach 489 million tons. Turkey, with its 25.7 million tons of production ranks second, following China in the list of countries which recorded the biggest production increase last year. Turkey maintains its 11th spot at the global list of steel production.” Erdemir, with its steel production, ranks 58th in a global listing, 18th in Europe and eighth among European Union countries, said Özgen.

The flat production in the company's southern factory İşdemir, located in the Mediterranean coast's İskenderun, and in its northern factory Erdemir, located in the Black Sea's Ereğli, total 4.206 million tons. “Prior to the privatization the figure was 3.500 tons. Within the last two years out northern factory saw a production increase of 700 million tons,” said Özgen. The northern factory exported 656,000 tons last year, while the southern factory's experts reached 269,000 tons, he added.

"For example, 70 percent of our direct and indirect exports are to the automotive and white goods sectors. Our export provides an advantage for us. A possible economic crisis imposes the minimum threat to our group,” said Özgen. “In case of an economic crisis we will be affected by global fluctuations just like all other global companies. Like I said, exports are our advantage.”

Concerning the recession debate related the subprime mortgage crisis in the United States, Özgen said, “Personally, I look at this situation not as an economic crisis, but a banking and liquidity problem.”

[tommy-hl]

Mittal open to acquiring iron ore mines other than Chiria

New Delhi, Friday , March 07, 2008
Arcelor-Mittal is open to securing independent mines other than Chiria, which has seen many claimants including state-run steel giant SAIL and other steel makers—a move that could help resolve the impasse over the rich-quality iron ore mines.

“All I am saying is that we are open to either acquiring a different mine which fulfills our iron ore requirement or getting a direct allocation in Chiria or working it out on a joint basis. I mean we are open, we are not a closed company,” Aditya Mittal, Arcelor-Mittal’s chief financial officer, said. Arcelor-Mittal accounts for at least 10% of the global steel production and has pledged to build two new 12 million tonne integrated plants — one each in Jharkhand and Orissa — at a total cost of Rs 80,000 crore.

“We will do what we believe will ensure the viability of our project and that is important. The situation is open,” he said.

Stating that the company’s focus was to acquire iron ore capability both in Jharkhand and Orissa projects, he said, “As far as the organisation is concerned, we are open to good ideas. It is not that it has to be only one way. Anything that allows viability to our project is acceptable to us.”

When asked whether Arcelor-Mittal would be ready for sourcing iron ore from the domestic market pending the settlement of the Chiria issue, Mittal said, “Our focus is we want to be vertically integrated. It has to be a low-cost situation.”

Unfazed by the delay in setting up the projects in the wake of uncertainty in allocation of captive mines, he made it clear that his company was determined to execute them.

“Fundamentally, I would say two things. First thing is that people for some reason have this belief that we are not committed or are not serious enough. We are serious that these projects will happen and there are no doubts about it. We are making good progress,” Mittal pointed out.

“We have capitalised the company and we are in the process of land acquisition,” he said. When asked to comment on the possibility of expanding in India through acquisitions, Aditya said “on the global basis, we are always interested in acquisitions. However, our focus on India is greenfield and we are very much committed to our greenfield projects in Orissa and Jharkhand.”

He argued that in the Indian context, ArcelorMittal was “doing a good job.” The company has identified land in both the states and has secured a coal mine allocation. “We have announced our corporate social responsibility programmes (CSR) in these areas and we have committed $50 million for CSR and R&R efforts,” he said.

Referring to the problems being faced by Korean steel giant Posco in fructifying its project in Orissa, Aditya said those problems were localised and that he did not anticipate similar problems for his company’s project in the coastal state.
www.financialexpress.com

[tommy-hl]

.
Shareholder Update:

http://www.northlandresourcesinc.com/i/pdf/NAU-Shareholder-U…

[tommy-hl]

Merrill Lynch bullisch für Metallpreise u. insbesonders Kupfer Datum 07.03.2008

New York (BoerseGo.de) - Die Investmentbank Merrill Lynch hat ihre Prognosen im Bereich der Metallpreise nach oben angepasst. Dies betrifft vor allem Kupfer, wo die Sichtweise für 2008 um 22 Prozent und für 2009 um 50 Prozent angehoben wird. Zu 2010, 2011 und 2012 erfolgen Aufwärtsrevidierungen von 54 Prozent, 39 Prozent und 31 Prozent.

“Zwar gehen wir für sämtliche Rohmaterialpreise von höher als ursprünglich erwarteten Niveaus aus, aber am positivsten sind wir für große Mengenrohstoffe wie Eisenerz und Kohle sowie für Edelmetalle wie Gold und Platin gestimmt.

Lieferschwierigkeiten beeinflussen die Preise für nahezu alle Rohstoffe. So beeinträchtigt etwa der Regen in Australien die Kohleproduktion. Die Förderung von Platin sieht sich mit operativen Problemen und Schwierigkeiten im Kraftwerksbereich konfrontiert. Zu den Top-Werten im Metall-Minen-und Stahlsektor zählen Anglo American, Xstrata, Vedanta und ArcelorMittal”, heißt es weiter von den Experten.

http://www.godmode-trader.de/front/?titel=Merrill-Lynch-bull…

[ricwun]

Ich hab mir heute auch mal ein paar Stücke gekauft, leider zu 1,94 und nicht 1,88 ...

Gruß an alle Investierten!

ricwun

[kurtanton]

Antwort auf Beitrag Nr.: 33.600.519 von ricwun am 10.03.08 18:39:53

Glück auf!

[Varenatur]

The press clipping page is finally active. Here you can find an interesting piece from a Finnish paper, regarding the rail and shipping plans.

http://www.northlandresourcesinc.com/s/PressCoverage.asp

[tommy-hl]

.
The Iron Ore Surge Continues

10.03.08 - Fortescue Metals will not wait for its railway line form the Pilbara to Port Hedland to be completed. Completion was originally slated for May or earlier, but inevitable delays have set this target back. Instead, Fortescue intends to truck its iron ore to port from the end of the line as it creeps closer. There is no time to lose.

There is no time to lose because the iron ore price is running amok, and if Twiggy Forest wants to be able to crystallise his status as Australia's richest man then he needs to start selling into this market as soon as possible. Analysts have now moved ahead to forecast prices for the 2009, 2010 and 2011 Japanese financial years, expecting further increases in the first two before the iron ore price levels out.

We now know that Brazil's Vale - the world's largest individual producer of iron ore - has settled with the Japanese and Koreans on price increases for Itabira fines of 65%, and of 71% for the higher grade Carajas fines. While these are significant increases, Merrill Lynch analysts are surprised Vale didn't twist arms further. China is currently being forced to buy in lower grade Indian ore at spot for as much as US$216/t. The new Carajas price represents only US$146/t. Chinese buyers will expect to pay the same as their neighbours.

The answer probably lies in the speed with which Vale settled with the Japanese and Koreans, the analysts suggest. Vale is presently attempting to merge with Swiss mining giant Xstrata and needs to settle a deal with Swiss-based metal trader Glencore (Marc Rich's creation) which owns 34.6% of Xstrata. So it was better to sort out the iron ore price with expedience.

Analysts agree that its fair to thus assume BHP Billiton will negotiate a 65-71% price increase as well. It is understood the two Aussies will be pushing for more, given the Brazil-Australia freight differential. Australia currently receives US$37/t less for its iron ore than Brazil because of an antiquated agreement based on the fact it's a lot further to Asia from Brazil. The differential is no longer justified, so the Aussies are expected to push for a price rise of up to 100%. However, the Asians are likely to stand firm and despite world iron ore supply constraint they can now wave a potential US recession - and a subsequent drop in steel demand - in BHP's and Rio's faces. Negotiations are still underway.

As are negotiations between BHP and Rio, as the former tries to swallow the latter. A BHP Tinto would then become a bigger iron ore producer than Vale and thus in a better position to dictate terms. But that's not going to happen before negotiations are over for the year, if at all.

So analysts believe the two will have to settle on an equivalent price increase this year, but not yet an equivalent price. What happens thereafter will depend on two factors - the supply/demand balance, and the possible introduction of an iron ore index.

It is China driving demand. In 2007, China represented 80% of the growth of iron ore exports from Brazil/Australia, or 46% of the total. Imports were 384mt in 2007, up 17.6% from 2006. Merrill Lynch is forecasting 446mt of imports in 2008. ABN Amro notes Chinese steel production is forecast to maintain its current growth trend, as new capacity additions are only replacing the closure of smaller, inefficient mills. The analysts also suggest the higher costs of both iron ore and coal should be able to be passed on into steel prices, meaning there won't suddenly be a big drop in demand at that end.

On the supply side of the equation, constraint of supply has nothing to do with a lack of ore and everything to do with insufficient infrastructure and spiralling costs. All of Vale, BHP and Rio are planning capacity expansions from next year, with Vale hoping to go from 296Mtpa to 450Mtpa by 2013, BHP from 135Mtpa to 235Mtpa, and Rio from 180Mtpa to 350Mtpa (and don't forget Fortescue's targeted 100Mtpa or greater). But it all requires more equipment, labour, rail and port expansion, and new processing plants. Merrills notes Vale's last expansion cost US$112/t - twice as much as the company's previous expansion.

But another bombshell may soon hit he seaborne iron ore market. Merrills coyly suggests BHP is coercing Chinese steel giant Baosteel to support and help develop a global traded iron ore index. Apparently BHP is no longer writing new individual benchmark contracts and will only renew at an "agreed annual market price". This is seen as a precursor to the index. Iron ore is the only major commodity left without an index.

What this means is that producers and consumers will be able to agree on contract prices across a forward curve. What it also means is that speculators could then enter the market for paper-traded iron ore. To date, an investor wishing to "play" the iron ore market has had to be content with investment in shares of iron ore producers. Create an index, and the next thing you will have is derivatives. The prices of all commodities have surged recently ahead of consumer demand because of the growing popularity of investment in ETFs and other products.

Merrills is now forecasting another 20% price increase in JFY09. With the JFY08 Australian price increase expected to be 71%, The analysts suggest this forecast is "at the top end of consensus", with the current average suggested at 14%. However, GSJB Were is also expecting 20% and Citi recently shifted to as high as 30%. Merrills does, however, suggest its forecast is conservative.

Thereafter, Merrills sees another 10% increase in JFY10 (consensus minus 4%), a flat price in JFY11 (consensus minus 20%), and then falls of 25%, 20% and 20% respectively in JFY12-14. At this point, increased production should see iron ore move into surplus.

The good news is that Merrills believes the share prices of Australian iron ore producers are not yet reflecting such near term increases. Macquarie chimes in by suggesting that despite general global equity market weakness, certain sections of the resources sector continue to offer a safe haven.
money.ninemsn.com.au

[tommy-hl]

Schiffbau verbraucht viel Stahl ... und für Stahl braucht man EISENERZ ...

Vietnam becomes world shipbuilding giant

11.03.08 - Vietnam has been listed as one of the top five shipbuilders in the world by Fairplay magazine.

Vietnam Shipbuilding Industry Group (Vinashin) President Pham Thanh Binh says the country’s shipbuilding sector is on track to becoming the fourth largest in the world by 2015.

He says the industry has never had such bright prospects and cites the delivery of two 53,000-tonne ships to the UK in June last year as Vietnam’s passport to the world market.

Vinashin now has almost 200 shipyards nationwide and the capacity to build oil tankers greater than 300,000 tonnes.

It has received orders to build ships worth about US $6 billion, including US $4 billion from countries with advanced shipbuilding technology such as the UK, Japan, the Netherlands and Germany.

This year, Vinashin’s subsidiary Pha Rung Shipbuilding Company began construction of a 13,000 DWT oil tanker for a Greek partner. Nam Trieu Shipbuilding Company also won a US $280 million contract to build four car carrying ships, one of which is now under construction.

However, Vinashin General Director Nguyen Quoc Anh says that while the company has now made its initial 2015 target to be the fifth biggest shipbuilder in the world, there are still some issues that need to be addressed.

Currently, only about 30% of the materials and services required to build ships comes from Vietnam. The industry has to import most of the materials and engines and use international consultants and supervisers on building projects.

In the quest to have 60% locally-made materials supplying the industry by 2010, and 75% by 2015, Vinashin has set up large shipyards in three regions of the country.

It has invested heavily in subsidiaries and now owns 18 industrial parks and diesel hydraulic engine and steel plants.

Vinashin has also invested in developing the industry’s labour force and says this is an important element in its strategy to develop the sector.

The group annually sends technicians to Poland, Japan and Denmark for training.

www.nhandan.com.vn

[tommy-hl]

.
Wie wichtig doch die günstigen Transportkosten für Lieferungen von Northland Resources und Northern Iron aus Skandinavien an europäische Abnehmer sind ...

China talks with iron ore suppliers stall over transport costs-industry official

11.03.08 - BEIJING (XFN-ASIA) - Talks on prices of iron ore between China's steel makers and their Anglo-Australian suppliers are now snagged over shipping costs, a Chinese steel industry official said.

Zhang Xiaogang, general manager of Angang Steel Group and the director of the China Iron and Steel Association, said that suppliers BHP Billiton and Rio Tinto want to add transport costs to an overall supply agreement that has already included a 65 pct price hike.

"Australia is trying to add transportation costs" to the 65 pct increase already agreed on for iron ore supplies this year, Zhang told a news conference.

"The Chinese side doesn't want to accept that."

Zhang declined to give further details, saying only that negotiations continue between the suppliers and Baosteel, China's top steel producer and the lead company on the Chinese side.

Deng Qilin, general manager at Wuhan Iron and Steel general manager, said the price rises were "abnormal" and "unprincipled."

The price hikes are having a big impact on the downstream sector, he told reporters. Another industry executive, also speaking at the news conference, said that higher prices are producing some benefits for the domestic industry as it now
looks for supplies at home.

"High iron ore prices are at least encouraging us to explore for domestic iron ore," said Li Xiaobo, general manger of Taiyuan Iron and Steel.

source: Thomson Financial News Limited

[tommy-hl]

.
Vale iron ore goes up 66pc
March 12, 2008

CIA Vale do Rio Doce, the world's biggest iron ore producer, says Tata Steel's Corus unit has agreed to pay 66 per cent more for shipments from the Carajas mine through the Ponta da Madeira port in northern Brazil.

Corus will pay 65 per cent more than last year for iron ore shipped from the Tubarao port in southeastern Brazil, Vale said.

The price accord matches those Vale signed with European steelmakers Ilva and ArcelorMittal in recent weeks.

Settlements at slightly lower levels in dollar terms have been made between Vale and Asian steelmakers, because the cost of freight from Brazil to Asia is higher than to Europe. Vale is the first big iron ore producer to settle 2008 benchmark prices.

source: Bloomberg

[tommy-hl]

.
Rio Tinto eyes more spot market iron ore sales
Wed Mar 12, 2008

SYDNEY, March 12 Reuters) - World No. 2 iron ore miner Rio Tinto Ltd/Plc said on Wednesday it may sell more ore in spot markets, where returns still exceed long-term contract prices despite a big rise in the price some steel mills are preparing to pay.

Rio has been pushing its customers to pay a premium for Australian ore from the Pilbara region to compensate for a price differential on shipping costs versus material from Brazil's Vale.

"Despite repeated urging on our part, Rio Tinto iron ore from the Pilbara continues to be sold without the premium we believe it merits for being so much cheaper to import than iron ore from elsewhere, a fair return for the saving on freight, the natural premium of geographic proximity," Sam Walsh, chief executive of Rio's iron ore arm, told an industry conference in Perth.

"Until some recognition of the natural premium of geographic proximity is possible, and while the spot market continues to reward those without long-term benchmark supply contracts with customers, then we will do what we can to secure an appropriate return for our shareholders," Walsh said.

Contract iron ore prices are set each year by the big three mining companies -- Vale, Rio and BHP Billiton Ltd/Plc -- after closed negotiations with big steel producers in Europe, Japan and more recently China

Vale last month reached agreements with steelmakers to sell its ore for 65 percent to 71 percent more in 2008 than in the previous year. Rio and BHP have yet announce any price deals.

"There is nothing imminent, but we are patient people," local media quoted Walsh as saying at the conference.

"A couple of years ago it wasn't until June that the price was settled," he said.

Spot iron ore sells for about $200 a ton, versus around $108 based on Vale's latest agreements, while it costs roughly about $67 a ton to ship ore to China from Brazil versus $23 a ton from Australia, according to Australia & New Zealand Banking Corp commodities strategist, Mark Pervan.

"You can see why Rio wants to sell more into spot," Pervan said. "Right now they are leaving a lot on the table."

Rio had said in December it would become more active in the spot market while the discrepancy existed, announcing it would initially sell up to 15 million tons of iron ore at spot. Before that, Rio had little, if any, exposure to spot sales.

BHP has launched a hostile offer worth $139 billion for Rio, arguing both companies' operations would benefit from a unified group. Rio has rejected to offer, saying it sees plenty of scope to grow on its own.

Rio is expanding production at its Australian Pilbara iron ore operations to 220 million tons by 2009.

Rio said separately on Wednesday it has approved a $475 million project to boost iron ore concentrate production at its Iron Ore Company of Canada (IOC) unit to help meet strong global demand.

(source: Reuters - Reporting by James Regan)

[tommy-hl]

Kleine Präsentation von Fortescue mit interessanten Fotos ...

http://www.finanznachrichten.de/pdf/20080312_171916_NULL_DB3…

[tommy-hl]

India's NMDC in iron ore talks
11 March 2008

INDIAN miner NMDC is talking with companies in Australia, Canada and Brazil, hoping to secure an interest in overseas iron ore assets.

Demand from steelmakers and construction projects in China, India and the Middle East has made iron ore a highly-sought commodity and supplies are dominated by just three big miners.

The mismatch between supply and demand has caused prices to spike in the last year and triggered a global race to bring more to the market.

“We have just started the process. The talks are at an initial stage,” chairman of the state-run miner, Rana Som, said in an interview. “We have got some offers from Brazil and Australia, apart from Canada.

“NMDC, being a navaratna company, can invest up to 10 billion rupees abroad ($270 million), if the project is viable, attractive and compatible with long-term strategies,” Mr Som said, referring to the maximum amount it can invest overseas without seeking government approval.

Navaratna is a term used to describe a handful of major and profitable state-run firms.

NMDC, which accounts for about 15 per cent of iron ore production in India, is setting up a separate unit called the Global Exploration Centre for investing abroad.

“This exploration centre will be used in India and abroad for mining projects. The funds will be decided on the basis of the projects,” Mr Soma said.

NMDC is India's leading state-run miner, with three iron ore mines in the country, and is expecting iron ore production in the financial year ending March 2008 of 30 million tonnes.

Mr Som said the company wanted to build up its iron ore reserves with domestic steel consumption expected to rise 10-15 per cent annually over the coming years.

“I think iron ore prices will continue on an upward trend over the next three to four years,” he added.

Brazilian miner Vale recently said its big clients agreed to a 65 per cent increase in iron ore prices for 2008.

NMDC sets its contracted iron ore prices based on those of the world's top miners.

Mr Som said the company was also looking to process more of its low-value material called slime and convert it into pig iron.

“We are sending a team to Australia for the technology,” he said.

Mr Som said NMDC was setting up a pig iron plant with a capacity of 800,000 tonnes per annum and an iron ore pelletisation plant with an annual capacity of 1 million tonnes.

www.theaustralian.news.com.au

[tommy-hl]

Rio holds firm on push for big iron ore price rise

Thursday, 13/03/2008

Takeover target Rio Tinto is standing firm on plans to get 70 per cent more for its iron ore this year.

That would take the benchmark price to about US$110 a tonne.

The company is still negotiating the price with Chinese steel mills and is working off the back of a 60 per cent rise, recently given to Brazilian iron ore miner, Vale.

Rio Tinto's head of iron ore, Sam Walsh, says the company will stick to its guns on the issue of price, and current market conditions will back it up.

"The Indian suppliers are heading into monsoon season, freight rates are increasing," he says.

"There are a number of projects that are due to come on stream that we expect will be a little bit slower than the proponents have been commenting and we expect the market will continue to be tight as it is right now."
www.abc.net

[tommy-hl]

.
Neuer thread!


Ich habe mich nun doch entschlossen, einen neuen thread zu eröffnen! Der thread soll der Untersuchung von Rohstoff-Explorern dienen.

Dabei kann es sich um eine Neuvorstellung oder Untersuchung bereits bekannter Explorer handeln.

Ziel der jeweiligen Analyse ist, ob der Explorer auf Basis der untersuchten Daten und des daraus resultierenden Ergebnisses eine lukrative Investion darstellt oder sich ein Kauf (noch) nicht lohnt.

http://www.wallstreet-online.de/community/thread/1139490-1.h…

Diskussionen und Anregungen sind willkommen!

tommy

[e_type1]

Northland submits draft apps for Swedish projects


Northland Resources Inc (C:NAU)
Shares Issued 109,355,565
Last Close 3/13/2008 $2.86
Friday March 14 2008 - News Release

Mr. Buck Morrow reports

NORTHLAND SUBMITS EXPLOITATION CONCESSION APPLICATION FOR STORA SAHAVAARA, SWEDEN

Northland Resources Inc. will today submit the draft exploitation concession applications for the concessions covering the company's Stora Sahavaara and Tapuli iron projects in Norrbotten county, northern Sweden.

The applications are an important step toward obtaining permission to build and operate the two iron mining operations that Northland is planning. The applications are being submitted to the Swedish Mines Inspectorate, under the terms laid out in Swedish Minerals Act (1991:45) Minerals Ordinance (1992:282) and constitute the next step in mine permitting after granting of an exploration concession.

Buck Morrow, the president of Northland, said: "The senior and technical management of Northland are looking forward to working with all stakeholders in the region, including local residents, the Sami people, businesses, technical consultants, and the regional and federal government agencies, to answer any questions that arise from the applications for our Stora Sahavaara and Tapuli projects. We see this submittal as a vital first step toward a substantial investment in the future of the northern communities in and around Pajala and Kolari."

The purpose of the applications is to identify smaller parcels of land within the exploration concessions in which mineral extraction is proposed. Northland's applications envisage open-pit mining operations at both Tapuli and Stora Sahavaara. Granting of the exploitation concession does not permit any mining activities to take place, but simply designates an area for mining contingent on granting of an environmental permit. Northland's applications include a scoping level impact assessment looking at water management and local environmental impacts; and a study of socio-economic impacts, specifically contributions to the local economy, and impacts on local stakeholders such as landowners, Sami peoples, hunting groups and reindeer herders, and impacts on any cultural or heritage sites.

Shareholders should note that the application process typically involves a number of rounds of consultation questions about the application from the permitting authorities and the public, including the Mines Inspectorate, the Norrbotten County Administrative Board environmental regulators, and specific stakeholders. The process, which can last a number of months, will consider the technical and environmental veracity of the planned mining operation. The concessions are not usually approved when they are first submitted to the permitting agencies; they typically result in a collaborative process between the company and the mines inspectorate and county administrative board environmental regulators before the terms of the concession are finalized. Management fully expects to have to revise the document extensively prior to acceptance.

The company has also embarked on a formal consultation process and has held numerous public meetings and special discussions with the local population and affected stakeholders, with many more planned.

Northland is planning to submit a full impact assessment as part of its application for an environmental permit in mid-2008.

© 2008 Canjex Publishing Ltd.

[supernova1712]

Analyse zu Northland:

http://www.usc-resource.com/bilder/Northland%20Resources%20-…

Kennt jemand ULLMANN, SCHMIDT & CO. - RESOURCE CONSULT?
Wenn ja, was haltet Ihr von denen?

[supernova1712]

Antwort auf Beitrag Nr.: 33.656.500 von supernova1712 am 17.03.08 08:31:20

SORRY, habe erst jetzt gemerkt, dass die Studie schon von 2005 ist. Aber falls Ihr Altertumsforscher seid...

[tommy-hl]

.
Northland Resources Comments on Infrastructure Discussions
17.03.2008

Buck Morrow, the President of Northland Resources Inc., is pleased to provide an update on recent discussions with the rail and port authorities in Sweden, Finland and Norway.

A number of newspaper articles published in Scandinavia and Finland have recently commented on the Company`s proposed plans to eventually ship up to 13 million tonnes of iron ore per year from its projects to ports in Sweden, Norway or Finland and Management felt that it was appropriate to outline how the issue of infrastructure is being addressed in its engineering studies.

Management has commissioned detailed studies of available infrastructure using local and international consultancy firms and governmental agencies, and planning is well underway to help the Company determine the most cost effective transport options for possible future iron ore production from its magnetite projects in northern Sweden and Finland.

The Company`s infrastructure studies are underway concurrent with the scoping and pre-feasibility studies announced previously (see news releases dated November 27, 2007 and February 1, 2008) and will provide key inputs to the economic models being developed for Northland`s projects. Northland`s projects benefit from mature infrastructure including established rail and road networks, sufficient electrical power and, to date, strong support from the regional governments on both sides of the Sweden-Finland border.

Rail Transport Options in Finland

There are 2 rail heads on the Finnish side of the border within a few kilometers of Northland`s Hannukainen project. These connect to the `Kolari to Kemi` rail link which currently handles passenger rail and timber products but has handled iron ore in the past. Northland is co-sponsoring a rail study with the Finnish rail authorities to examine the movement of up to 13 million tonnes per year capacity over the Kolari-Kemi segment of the rail line. The Kolari-Kemi rail haul is approximately 252 kilometers with the vast majority of it in place and functioning. The study will detail the current carrying
capacity of the line and the costs to upgrade the line to 6 million then 13 million tonnes per year.

The Finnish Rail Administration has already announced a plan to upgrade the Kolari line; a decision that was apparently taken in principle before anything was known about the potential requirements of Northland`s projects. They recently commented that renewal of the surface structure of the line is scheduled to kick off this coming summer at an estimated cost of around 84 million Euros.

Northland`s plans are focusing on fast-tracking the Tapuli deposit near Pajala in Sweden into production first and the Company is examining the feasibility of initially transporting the estimated 3 million tonnes of production per year from Tapuli by rail, slurry pipeline or overland conveyor to the existing Finnish rail line for shipment to port.

Rail Transport Options in Sweden

In Sweden, Northland has engaged Railize International, a Swedish rail transport consulting group to analyze the Swedish rail requirements for transport of up to 13 million tonnes of ore per year to port. Railize is taking an in-depth look at the feasibility of various rail link options including transport by existing rail links, including the Kolari to Kemi rail link, to Luleå or Kalix-Storön ports in Sweden.

Railize is also looking at the feasibility of establishing a new rail link between Kolari in Finland, via Svappavaara in Sweden, connecting to the Gällivare (Malmberget) - Kiruna line to the Port of Narvik in Norway. LKAB, the Swedish state-controlled iron ore miner, currently ships much of its iron ore production from Narvik. The Kaunisvaara to Narvik rail haul would be approximately 315 kilometers, with the majority already in place.

Port Options

Northland`s senior management has also met with the port authorities at a number of Swedish and Finnish ports on the Gulf of Bothnia, and at Narvik in northern Norway.

The principal port options under consideration are Luleå in Sweden, Kemi in Finland and Narvik in Norway. Northland is co-sponsoring a dredging study with the Port of Luleå to provide draft for Panamax-sized ships. A new port facility at Kalix-Storön is being considered as a port to handle Panamax-sized vessels as well.

The Port of Narvik is under consideration because it has the advantage of being ice free and is able to handle ships of up to Cape size. Narvik currently handles the bulk of LKAB`s iron ore exports. The port authorities there have identified 2 potential sites to establish additional iron ore export facilities and Northland will be continuing its discussions with the Narvik Port Authority.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.


ON BEHALF OF THE BOARD

`Buck Morrow`
NORTHLAND RESOURCES INC.

[arzureus]

Aber hallo,
kann jemand die momentane Kursentwicklung erklären.
Gibt es Neuigkeiten die den Kurs rechtfertigen?

Gruß Arzureus

[CaptainBizeps]

Nicht das ich wüßte.
Vielleicht nur Panik vor der FED Sitzung.
Mal warten was die Woche noch geht.

[tommy-hl]

Wie nervös die Märkte sind, konnte man gestern an der NAU-Aktie in Kanada erleben.

Es wurde das Gerücht gestreut, dass NAU wohl wegen der Prozedur der Behördengenehmigungen wohl doch nicht Ende 2009 mit der Produktion bei Tapuli starten kann, sondern es zu Verzögerungen kommen wird. Angeblich sei die Info von einem Unternehmens-Insider.

Gleich darauf verkauften einige wenige Anleger ihre Aktien mit 16% (!) Abschlag! Einige Käufer hatten Abstauber-Limits in den Markt gelegt, die dann ausgelöst wurden.

Der Intraday-Verlust von 16% hat sich dann im Laufe des Handels wieder erholen können.

Die Meldung (das Gerücht) steht auch klar im Widerspruch zu den erst vor kurzen veröffentlichen Informationen des NAU-Managements.

Panik war noch nie ein guter Ratgeber, aber so haben gestern in Kanada einige ihre NAU-Aktien zu absoluten Schnäppchen-Kursen kaufen können.

tommy

[ricwun]

Antwort auf Beitrag Nr.: 33.694.227 von tommy-hl am 20.03.08 10:29:44

Moralisch eine Schweinerei, falls die Gerüchte mutwillig gestreut wurden - aber damit muss man als Aktionär immer rechnen, zumal bei einer Marktlage wie in diesen Tagen. Da gibt es einen geradezu wunderbaren Nährboden für solche Strategien.

ricwun

[CaptainBizeps]

Antwort auf Beitrag Nr.: 33.694.227 von tommy-hl am 20.03.08 10:29:44

Gut zu wissen.

Haben die heute schon Feiertag?

Weiß jemand wo ich die Handelszeiten für die Börse Oslo finden kann?
Wäre mal schön zu wissen wann die übers ja mal Urlaub machen.

[kurtanton]

Antwort auf Beitrag Nr.: 33.696.141 von CaptainBizeps am 20.03.08 13:01:21

http://www.oslobors.no/ob/aksje_kursutvikling?languageID=1&p…

[tommy-hl]

.
Da Northland das Eisenerz in pellets veredeln wird und für pellets deutlich höhere Preise gezahlt werden als für sinter oder fines, ist es wichtig die Entwicklung für iron pellets zu beobachten!

87% Preisanstieg sind der Hammer! Meine Gewinnkalkulation für Northland dürfte sich als zu "konservativ" heraus stellen:

http://www.northlandresourcesinc.com/i/pdf/Valesecures87.pdf

[gbra]

Antwort auf Beitrag Nr.: 33.704.647 von tommy-hl am 21.03.08 13:19:08

was ist mit tommy-hl los? aktien verkauft ?

[schlangenmeister]

Antwort auf Beitrag Nr.: 33.808.141 von gbra am 04.04.08 11:49:44

ist viel beschäftigt

schau mal hier rein:

http://www.wallstreet-online.de/community/thread/1139490-1.h…

[eifelcash]

Antwort auf Beitrag Nr.: 33.808.968 von schlangenmeister am 04.04.08 13:04:57

Jau, tommy treibt tolle Recherchen...

[CaptainBizeps]

Eisenerz - Noch lange keine Blase!

Zu lesen im aktuellen Rohstoff Spiegel:
http://www.rohstoff-spiegel.de/count.php?url=rs_2008-07.pdf

[tommy-hl]

Antwort auf Beitrag Nr.: 33.808.141 von gbra am 04.04.08 11:49:44

Hi gbra,

durch die Eröffnung eines eigenen threads habe ich nicht mehr die Zeit täglich in alle threads hinein zu sehen ...

NAU oder NAUR ist weiterhin die größte Position in meinem privaten Depot und befindet sich auch in meinem "10-bagger-Depot"!

Wir werden dieses Jahr noch einige gute News von NAU bekommen, evtl. wird E2008 die Ausrüstung für die erste Mine (Tapuli) bestellt und ca. ein Jahr weiter wird das erste Eisenerz aus dem Boden geholt ... In 2010 wird dann richtig Geld verdient bei den hohen Eisenerz-Preisen ... NAU wird dann Produzent sein und die jetzige "Explorer-Crash-Ära" wird dann vergessen sein ...

stay long ...

tommy

[Peekoo]

Antwort auf Beitrag Nr.: 33.824.782 von tommy-hl am 07.04.08 12:20:46

Northland Resources to Trade on the Toronto Stock Exchange April 10, 2008
April 9, 2008: Aurelian Bukatko, the Chief Financial Officer of
Northland Resources Inc., is pleased to announce that the Company's
common shares will be listed and begin trading on the Toronto
Stock Exchange (the TSX) at the opening of trading on Thursday, April
10, 2008 under its current symbol "NAU". Northland's shares will be
delisted from the TSX Venture Exchange after the close of trading on
Wednesday, April 9, 2008.

Buck Morrow, the President of Northland, said: "The move to the TSX
is another important milestone in the corporate development of
Northland Resources, through which we hope to provide additional
liquidity for our North American investors, and to open up
opportunities for new investors to participate in the growth of the
Company. The listing comes at an important time for Northland as we
make progress towards defining the economics of our iron ore projects
in Sweden and Finland."

Northland's shares are also listed on the Oslo Børs, in Norway under
the symbol NAUR (www.oslobors.no) and on the Frankfurt Exchange under
the symbol NBS.F (www.deutsche-boerse.com).

[tommy-hl]

Geld und Gewinn durch Eisenerz ...

http://www.northlandresourcesinc.com/i/pdf/April112008.pdf

[ricwun]

Northland Resources bleibt interessant

17.04.2008
FOCUS-MONEY

München (aktiencheck.de AG) - Nach Ansicht der Experten von "FOCUS-MONEY" bleibt die Northland Resources-Aktie (ISIN CA6665271061 / WKN A0F6DK) interessant.

Northland Resources komme beim Aufbau der Eisenerzprojekte in Schweden und Finnland voran, was nun die Börse Toronto positiv auffasse. Das Papier wechsle von der TSX Venture Exchange zur Toronto Stock Exchange. Dies könnte zur Eröffnung neuer Anlegerkreise führen.

Nach Ansicht der Experten von "FOCUS-MONEY" bleibt die Northland Resources-Aktie interessant. Der neue Stopp sollte bei 1,50 Euro platziert werden. (Ausgabe 17) (17.04.2008/ac/a/a)

[supernova1712]

Zückt Eure Terminkalender

Gruss
supernova


Northland Resources Financial Calendar
Northland Resources is pleased to announce that it will be publishingits financial reports on the following dates:2008 Fiscal Year Audited Financials and MD&A: Wednesday April 30, 20081st Quarter Financials and MD&A: Monday June 16, 20082nd Quarter Financials and MD&A: Monday September 15, 20083rd Quarter Financials and MD&A: Monday December 15, 2008The above dates may be subject to changes.About Northland (www.northlandresourcesinc.com)Northland is a well-structured, debt free junior exploration companywith a portfolio of high quality iron, gold, and base metalexploration projects in Sweden and Finland.ON BEHALF OF THE BOARD"Ralph Rushton"NORTHLAND RESOURCES INC.The TSX Venture Exchange does not accept responsibility for theadequacy or accuracy of this release.CONTACT INFORMATIONNorthland Resources Inc.Buck Morrow, PresidentInvestor Relations: North America, Ralph Rushton: Toll Free:1-866-719-8962European Contact: Jonas Lundstrom, [phone]

[Melosar]

Antwort auf Beitrag Nr.: 33.940.009 von supernova1712 am 22.04.08 11:04:13

Gibts irgendeine Erklärung für den Kursverlust? Laut Fahrplan sollte es doch erst morgen Zahlen geben (Fiscal Year Audited Financials and MD&A: Wednesday April 30). Irgendetwas an mir wieder vorbei durchgesickert?

[tommy-hl]

Northland Resources - Finanzreport:

http://www.newsweb.no/newsweb/atmnt/Annual+Financial+Stateme…

[tommy-hl]

Management Discussion:

http://www.newsweb.no/newsweb/atmnt/Management+Discussion+an…

[CaptainBizeps]

Hatte noch keien Zeit das Material zu lesen aber der Kursverlauf spricht für sich.

[kurtanton]

pari € 2,26

[CaptainBizeps]

Naja wie das eben so ist bei uns, erstmal schauen ob das auch nachhaltig ist und wenn dem so ist dann werden wir schon aufschließen.
Dann ist ja Morgen noch Feiertag bei uns und nach Börsenschluß kam ja noch die Fed Entscheidung und die scheint dem Dow ja nicht bekommen zu haben.

Mal sehen was Oslo macht, oder feiern die auch 1. Mai?

[CaptainBizeps]

So 200 Tage Linie geknackt und das mit gutem Volumen, mal sehen ob das nachhaltig ist und wir vielleicht einen Aufwärtstrend formen können.

[SKGold]

Antwort auf Beitrag Nr.: 34.040.641 von CaptainBizeps am 06.05.08 20:02:41

Der Kurs läuft sehr gut und ich denke hier werden wir noch sehr viel Spaß haben.

[CaptainBizeps]

NEWS!!!

May 7, 2008: Northland Resources is pleased to announce drill
results from a 38-hole diamond drill program completed at its
Kuervitikko Iron Oxide-Copper-Gold (IOCG) project, Finland.
Kuervitikko is 4km north of Northland`s Hannukainen IOCG project.

Management sees potential of adding significant resources from
Kuervitikko that would eventually be included in the Hannukainen mine
plan. A full table of results is given at the end of this release.
Highlights of the results include:

* 48.5% Fe + 0.41g/t Au + 0.18% Cu over 19.4m from 30m down hole in
KUE07020
* 40.6% Fe + 0.33g/t Au + 0.25% Cu over 17m from 47m down hole in
KUE07019
* 35.5% Fe + 0.41g/t Au + 0.32% Cu over 17.9m from 59m down hole in
KUE07021
* 29.2% Fe + 0.43g/t Au + 0.32% Cu over 22.6m from 43m down hole in
KUE07028

All holes were drilled vertically, and all mineralized intervals are
believed to be close to true width.

A drill collar map will be posted on the website shortly at
www.northlandresourcesinc.com

Kuervitikko consists of at least two, and possibly three, adjacent
mineralized lenses hosted along a thrust structure trending from the
southwest to the northeast. The current program covered an area of
roughly 900m by 300m, and only tested part of 3 major aeromagnetic
anomalies which outline the probable extent of mineralization. All
but one of Northland`s holes intersected the IOCG mineralization,
underscoring management`s belief that a substantial resource of IOCG
mineralization may be identified as drilling progresses.

The drilling program is outlining a potentially large zone of IOCG
mineralization, approximately 25m thick on average, but ranging up to
nearly 100m locally. Mineralization is horizontal or dips moderately
to the west-southwest. The depth of mineralization ranges from
15-20m in the east where it sub-crops beneath the till, to 80-100m
down dip in the west. A strike length of approximately 1,000m has
been identified by drilling. An interpretation of an aerial magnetic
survey indicates the potential of a strike length of approximately
2,300m.

The general geological setting of Kuervitikko is similar to the
Hannukainen deposit. Mineralization style varies between and within
the mineralized lenses from Hannukainen-style semi-massive
skarn-hosted magnetite bodies to disseminated IOCG mineralization
hosted within breccias.

Historic Drilling
Northland`s field crew also re-logged and, where possible, re-sampled
archived core from some of the 40 or so drill holes which were
drilled by either Rautaruukki or the Finnish Geological Survey (GTK)
at Kuervitikko. Many of the holes have already been re-sampled and
insufficient material was left for Northland to carry out a full
re-assay program. In many instances, the only core left for re-assay
was from the footwall or hanging wall of the mineralized lenses.

Future Work
The Kuervitikko is a high priority drill target for Northland.
Future work will focus on additional geophysics, core drilling and
the development of a NI 43-101 complaint resource estimate.

Assay Protocol
The core was cut at Northland`s core facility in Kolari, Finland. A
one-half split of the core from Kuervitikko was prepared at ALS
Chemex Lab in Pieteå, Sweden and then transported to ALS Chemex
Vancouver, British Columbia, Canada for analysis.

Copper and Iron were analyzed by Sodium Peroxide Fusion multi-element
analysis, with ICP-AES Method ME-ICP81. Gold was analyzed by Lead
Fire Assay Pre-concentration with ICP-AES Method Au-ICP21 Finish.

In addition to the ALS Chemex internal sample preparation and assay
QC protocol, Northland maintains a rigorous QA/QC program consisting
of inserting blanks, duplicates and certified standards to the
analytical process.

Qualified Person
The technical information in this release was prepared under the
supervision of Mr. Thomas Lindholm, Senior Mining Engineer - employed
by Geovista AB and a consultant to Northland Resources Inc. He is a
member of the Australasian Institute of Mining and Metallurgy (Member
#230476) and a `Qualified Person` in accordance with National
Instrument 43-101.

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free junior exploration company
with a portfolio of high quality iron, gold, and base metal
exploration projects in Sweden and Finland.


ON BEHALF OF THE BOARD
`Buck Morrow`
NORTHLAND RESOURCES INC.

The Toronto Stock Exchange has neither approved nor disapproved the
contents of this news release.

CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Investor Relations:
North America, Ralph Rushton: Toll Free: 1-866-719-8962
Europe, Jonas Lundstrom: Tel. [phone]

Table 1: Northland`s drill results from Kuervitikko


BHID Section FROM TO WIDTH Au ppb Cu% Fe% S%
KUE07001 100 25.00 50.70 25.70 404 0.31 27.79 2.31
KUE07002 100 99.75 134.65 34.90 419 0.19 23.67 2.25
KUE07003 500 21.50 59.20 37.70 371 0.54 14.93 2.68
KUE07004 600 25.80 80.75 54.95 257 0.20 22.73 3.05
KUE07005 850 15.60 48.25 32.65 22 0.12 9.90 3.20
KUE07006 900 19.00 23.10 4.10 117 0.40 12.73 6.31
KUE07007 850 21.15 42.90 21.75 131 0.29 25.16 4.25
KUE07008 850 43.35 59.55 16.20 27 0.15 23.23 3.07
KUE07009 500 52.95 76.05 23.10 187 0.15 18.75 3.48
KUE07010 900 19.60 25.90 6.30 39 0.26 17.66 7.75
KUE07011 850 34.40 56.35 21.95 32 0.21 26.00 4.94
KUE07012 500 83.60 101.80 18.20 85 0.12 21.24 2.47
KUE07013 800 62.95 103.00 40.05 192 0.21 18.33 2.31
KUE07014 550 68.85 119.70 50.85 51 0.19 12.73 3.51
KUE07015 550 19.65 40.40 20.75 79 0.13 17.99 2.12
KUE07016 750 58.50 126.00 67.50 254 0.13 15.16 2.44
KUE07017 750 dry hole
KUE07018 550 50.50 60.90 10.40 682 0.25 7.03 0.90
KUE07019 800 46.80 63.75 16.95 330 0.25 40.56 3.43
KUE07020 750 30.05 49.40 19.35 413 0.18 48.45 1.94
KUE07021 700 59.25 77.10 17.85 412 0.32 35.48 2.28
KUE07022 700 58.05 68.90 10.85 86 0.16 12.59 1.77
KUE07023 650 70.00 169.65 99.65 63 0.19 18.58 2.56
KUE07024 450 22.20 37.20 15.00 428 0.53 26.74 6.78
KUE07025 450 40.95 75.90 34.95 276 0.13 16.32 2.60
KUE07026 650 70.35 73.05 2.70 129 0.40 33.91 3.85
KUE07027 450 60.60 85.30 24.70 227 0.22 30.46 4.16
KUE07028 650 42.55 65.15 22.60 427 0.32 29.21 1.86
KUE07029 400 89.00 122.45 33.45 87 0.18 14.49 4.14
KUE07030 0 67.45 92.40 24.95 128 0.17 23.43 1.80
KUE07031 350 82.50 97.15 14.65 131 0.18 22.19 4.96
KUE07032 0 88.50 114.50 26.00 140 0.08 22.06 1.50
KUE07033 400 64.25 85.50 21.25 264 0.23 24.33 4.15
KUE07034 50 78.15 123.90 45.75 264 0.16 22.53 3.30
KUE07035 350 47.00 52.85 5.85 213 0.17 20.27 1.88
80.50 87.60 7.10 144 0.27 23.17 3.71
KUE07036 50 54.85 76.20 21.35 196 0.13 28.25 2.96
KUE07037 100 58.20 101.40 43.20 274 0.13 23.73 3.17
KUE07038 150 69.05 115.30 46.25 221 0.26 17.47 1.52



This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

[tommy-hl]

Hallo an alle Northland-Investierten,

inzwischen haben wir NOK 20 oder EUR 2,50 erreicht. Wer meiner Empfehlung gefolgt ist, sollte bei ca. 30% im Plus liegen.

Evtl. Kursrücksetzer sind normal und sollten nicht zur Panik verleiten.

Und das ist m. M. nach erst der Anfang! Ich prognostiziere, dass wir in einem Jahr bei 4,00 - 5,00 EUR stehen werden und in 2010 zweistellige EURO-Kurse haben werden (>10,00 EUR).

Als Beispiel mag Fortescue dienen, die auch vor Produktionsbeginn wie verrückt gestiegen sind. Ähnliches erwarte ich bei NAU, die Anfang 2010 in Produktion gehen (NAU plant Ende 2009, aber Verzögerungen sind in diesem Business normal).

Ist ´ne Frage der persönlichen Einschätzung und der persönlichen Strategie.

Wünsche allen jetzt schon frohe und sonnige Pfingsttage ...

Gruß
tommy

[berhem]

joo, wünsche ich dir auch tommy!

[CaptainBizeps]

Schließe mich an.

[kurtanton]

schon 54% im Plus. Hab nach Deiner Empfehlung nachgekauft.
Danke schön und erholsames langes WE.
Kurt

[tommy-hl]

Das ist typisch!

Bei Explorern, deren Kurse noch am Boden liegen, werden täglich haufenweise sinnlose postings geschrieben und herum gejammert!

Und hier? Die Aktie steigt, so gut wie alle sind dicke im Gewinn, und Stille Nacht ...

Wo bleiben die Jubelrufe, die Freudenschreie

Aber vielleicht liegt es einfach daran, dass an dieser "langweiligen" Eisenerz-Story nur professionelle, erfahrene Investoren investiert sind?

Wünsche allen weiterhin viel Spaß an dieser spannenden Story!

Tommy

[eifelcash]

Antwort auf Beitrag Nr.: 34.120.247 von tommy-hl am 18.05.08 19:46:29

Hi tommy,

der Kenner genießt und schweigt,und überhaupt laufen meine Invests mit ruhigem threadverhalten besser als die wo die ganze blubberschar am Start ist.

Schau dir Consolidated Thompson an, kein post die letzten Wochen bei, wie ich meine, toller performance.

Entweder kennen die Leute diese performer nicht, wo von ich bei Northland nicht ausgehe, oder sie bilden nur dein Depot nach, und haben sonst nichts zu vermelden.

Wie dem auch sei, Herr hier ist gut Sein, hier bleibe ich.

Und vielen Dank an dich, ich hatte Dank Deiner Recherche Northland schon sehr früh auf dem Radar und natürlich auch im Portfolio.

Gruß,

eifelcash

[CaptainBizeps]

Naja was soll man auch sagen sehr gutes Volumen und Kurs zieht schön an.

Schaut mal auf den Chart, wenn man die letzten beiden großen Spitzen nimmt dann bilden die ne schöne Linie, wäre was wenn wir da mal drüber kommen.

Außerdem hoffe ich auf News weil es doch einfach zu gut läuft, auch wenn bei einigen Explorern ähnliches passiert, wäre ne gute News genau das richtige um den Anstieg zu untermauern.

[SKGold]

Antwort auf Beitrag Nr.: 34.120.693 von eifelcash am 18.05.08 21:41:36

Hallo Eifel,

dem ist nichts hinzuzufügen.

Ich hoffe das diese Story sehr lange anhält und wir alle saftige Gewinne einfahren.

Gruß
SKGold

[CaptainBizeps]

Tja perfekt dran abgeprallt.
Wollen wir hoffen das wir diesen Wiederstand überwinden können.

[CaptainBizeps]

Irgendwie nur Beschränkte da unterwegs.

Schlußkurs ist über 2,56€ und die wollen für 2,47€ raus.

[KNORPEL]

[tommy-hl]

Meldung Insider-Kauf vom 04.06.08:

Geraldine Pettifor, a close associate of Stuart Pettifor, has
acquired 24,000 shares of Northland Resources Inc. at $4.00 per
share. After this transaction, Stuart Pettifor and his close
associate, Geraldine Pettifor, together hold a total of 24,000 shares and 125,000 options in Northland.

[tommy-hl]

Shareholder update June 2008

http://www.northlandresourcesinc.com/i/pdf/NAU-Shareholder-U…

[tommy-hl]

News Northland Resources:

http://www.newsweb.no/newsweb/atmnt/Management+Discussion+an…

http://www.newsweb.no/newsweb/atmnt/Quarterly+Financial+Stat…

[gbra]

Northland Appoints Bert-Ove Johansson Regional Director of Operations
Karl-Axel Waplan, Northland's Managing Director of European Operations, is pleased to announce the appointment of Mr. Bert-Ove Johansson as Regional Director of Operations for the Company. Mr. Johansson's joining Northland is an important step toward fulfilling our objective to build a strong Swedish/Finnish operational organization.

Based in Stockholm, and working closely with the Managing Director of European Operations, Mr. Johansson's responsibilities will include: building and leading the operational organization that will manage the mines that Northland is planning to develop, liaising with and consulting to the project design and construction team; interfacing with the appropriate government agencies to facilitate the securing of appropriate permits; assisting in all phases of the project's development and budgeting for the project development.

Bill Wagener, Northland's COO, commented: "We're delighted to welcome Bert-Ove to our growing project development team. Bert-Ove's mining, processing and managerial experience will ensure that Northland's planned projects will be developed using state-of-the-art technology and operated to the highest standards."

Mr. Johansson has held a series of progressively more senior management roles within the international mining industry, gaining operational experience in Sweden, Ireland, Ethiopia and Saudi Arabia. His most recent position was in Business Development for Boliden Mineral AB, identifying acquisition targets for Boliden. Prior to that, he was Managing Director of Boliden Tara Mines Ltd. in Ireland, Europe's largest zinc mine where he was tasked with modernizing the organization at the mine. His experience also includes technical, managerial and operational positions at Boliden's Aitik Mine and LKAB's Kiruna and Malmberget operations.

He received his M.Sc. in Mining from the Luleå University of Technology in Sweden.

[CaptainBizeps]

NEWS!!!

Hier:
http://www.northlandresourcesinc.com/s/NewsReleases.asp?Repo…

oder auch hier:
http://www.newsweb.no/index.jsp?messageId=213031

[tommy-hl]

Jun 18, 2008

Northland Resources Iron Projects Return Robust Preliminary Economic Valuations


http://www.marketwire.com/mw/release.do?id=870201
.

[tommy-hl]

Antwort auf Beitrag Nr.: 34.325.236 von tommy-hl am 18.06.08 15:44:56

Northland Resources Iron Projects Return Robust Preliminary Economic Valuations

Kurzer Kommentar von mir:

- Auf den ersten Blick sieht das Ergebnis recht gut aus
- Man muss beachten, dass die Werte in EURO angegeben wurden (und nicht wie üblich in US-$)
- Die Produktionskosten (opex) beinhalten die Capex (rechnerisch wurde davon ausgegangen, dass alle Arbeiten an Unterlieferanten vergeben werden. Damit steigen die Kosten für die Opex, es fallen aber keine Kapitalkosten an. Die Opex wurde pauschal um 15% erhöht)
- Die Ressourcen beinhalten die "measured und indicated resources", aber die "inferred resources" nur zu einem sehr geringen Anteil. Wenn die "inferred resources" sich später als tatsächlich vorhanden erweisen, würde das dann die Minen-Lebensdauer verlängern.
- Der Bericht weist auch auf Möglichkeiten zur Kostenreduzierung hin.
- Beim Hannukainen-Projekt scheint mir auf den ersten Blick der Umsatz für Kupfer und Gold zu wenig berücksichtigt zu sein. Muss ich mir noch mal genauer ansehen.
- Der Produktionsbeginn wurde bei Stora und bei Hannukainen gegenüber den Angaben, die mir bislang vorlagen, verschoben.
- Insgesamt erscheint mir der Bericht sehr konservativ zu sein, mit dem Potenzial, dass sowohl höhere Gewinne als auch etwas frühere Produktionsstarts für Stora und Hannukainen möglich sein können.

Werde mir das Ganze aber noch genauer ansehen. Jedenfalls ist mit dieser Studie schon mal von unabhängiger Seite aufgezeigt worden, dass alle drei Projekte wirtschaftlich zu betreiben sind und NAUR dicke Gewinne machen wird.

Tommy

[CaptainBizeps]

Das ist auch das einzige was ich nicht so gut finde.

Die Werte die ich mir notiert hatten waren 2010 für Stora Sahavaara und 2. Halbjahr 2011 für Hannukainen.
Stora Sahavaara kommt nun 2012 und Hannukainen 2014.

Aber Hauptsache sie haben erstmal eines am laufen, wenn Tapuli 2009 anläuft und 2010 voll produziert dann ist das schon mal was.

[tommy-hl]

Da hatte sich ein Fehler eingeschlichen in der PFS-Studie ...

Jun 19, 2008
Northland Resources Retracts Results of Preliminary Economic Assessment

While preparing to respond to investor feedback regarding the recently published Preliminary Economic Assessment (PEA) on its iron ore projects, the Company discovered an error in the financial model developed by its consulting engineers which may affect the revenue calculations in the PEA. The effects of the error on the conclusions of the study have not been fully determined.

The consulting engineers are presently reviewing and revising the model and when that has been completed a revised report will be published. Investors should therefore not rely on the results of the PEA published in Northland's press release dated June 17, 2008.

In light of this issue, the company has also cancelled the teleconference scheduled for 9am Pacific Time, 6pm Oslo Time and 5pm London, UK time to discuss the PEA. The call will be rescheduled after the revised report has been published.

ON BEHALF OF THE BOARD
Ralph Rushton
NORTHLAND RESOURCES INC.

[tommy-hl]

Antwort auf Beitrag Nr.: 34.330.099 von tommy-hl am 19.06.08 09:26:11

So´n Mist ... das gibt erst mal Druck auf den Aktienkurs

Die Umsatz- und Gewinnzahlen - speziell für das Hannukainen-Projekt - kamen mir gleich so komisch vor ...

[SKGold]

Antwort auf Beitrag Nr.: 34.330.233 von tommy-hl am 19.06.08 09:38:38

Ich hab mal aufgestockt für 2,17.

[CaptainBizeps]

Tja werden die neuen Zahlen besser oder schlechter???

[tommy-hl]

Antwort auf Beitrag Nr.: 34.332.203 von CaptainBizeps am 19.06.08 12:47:24

Meine Meinung:

Die neuen Zahlen werden besser!

Tommy

[tommy-hl]

Antwort auf Beitrag Nr.: 34.330.847 von SKGold am 19.06.08 10:36:58

Habe heute auch nachgekauft!
Bin schon gespannt auf die revidierten Zahlen ...

[CaptainBizeps]

Ich bin auch gespannt, aber es ist schon ganz schön schwach was die zuständige Firma da abgeliefert hat.

[arzureus]

Antwort auf Beitrag Nr.: 34.333.750 von tommy-hl am 19.06.08 15:37:33

Hallo Thommy,
liegt der Trend nach Süden an den falschen Zahlen oder am Markt.
Bei Consolid. Thompson (A0KFDB) sieht der Trend ähnlich aus.
Gruß Arzureus

[SKGold]

Antwort auf Beitrag Nr.: 34.339.294 von arzureus am 20.06.08 10:49:37

Hallo,

bei Consolidated handelt es sich nach so einem Anstieg um eine ganz normale Korrektur.
Hier sollten die aktuellen Kusren genutzt werden um aufzustocken.


Bei Northland ist es etwas Unsicherheit bezgl. der Zahlen, Klärung wird bald kommen.

Ist meine Meinung.

[tommy-hl]

Antwort auf Beitrag Nr.: 34.339.294 von arzureus am 20.06.08 10:49:37

Hallo arzureus,

bei NAUR handelt es sich m. E. um einen temporären psychologischen Effekt:

Die "Angst" davor, dass die neuen Zahlen schlechter sein könnten als die alten Zahlen oder gar dass die neue PFS die Machbarkeit der Minenproduktion in Frage stellen könnte!

ANGST und GIER sind die treibenden Kräfte, an denen wir Anleger verdienen können.

Was machen diejenigen, die ihre Aktien jetzt zu >10% niedrigeren Kursen verkauft haben, wenn die neuen Zahlen ein BESSERES ERGEBNIS aufzeigen werden? Kaufpanik weil dann die ANGST in GIER umschlägt?

Wer auf langfristige Kapitalanlage eingestellt ist, lässt sich doch nicht dazu verleiten seine Aktien auf den Markt zu werfen, nur weil der für die Erstellung der PFS beauftragte Gutachter nicht richtig gerechnet hat und nun die Zahlen revidieren muss!

Schau Dir das Unternehmen mit Management, die Ressourcen, die Infrastrukutur bei den Projekten, die stabile und minenfreundliche Region in Skandinavian usw. an und ziehe daraus Deine Schlüsse!

Ich bleibe "long" investiert in NAUR! Gerade jetzt in Deutschland ist es mit der aktuellen Besteuerung auf Kapitalgewinne wichtig, noch in diesem Jahr die Aktien zu kaufen und länger als ein Jahr zu halten, damit die Gewinne steuerfrei bleiben.

Ob NAUR das richtige Investment ist, muss jeder für sich entscheiden. Meine Entscheidung kennst Du ja nun.

Tommy

[arzureus]

Antwort auf Beitrag Nr.: 34.339.574 von tommy-hl am 20.06.08 11:17:02

q SKgold und Thommy
Danke für Euere Einschätzungen. Drinbleiben werde ich auf jeden Fall. Naur ist auch bei mir ein Long -Invest.

Gruß Arzureus

[kurtanton]

http://www.newsweb.no/newsweb/index.jsp?messageId=213402&lan…

[tommy-hl]

Antwort auf Beitrag Nr.: 34.351.286 von kurtanton am 23.06.08 09:49:00

Die revidierten Zahlen der PFS stellen eine Verbesserung beim Hannukainen-Projekt dar, während die Zahlen bei Tapuli und Stora schlechter geworden sind.

Insgesamt wurde ein Gewinn vor Zinsen und Steuern in Höhe von ca. 5,1 Mrd. EUR oder 7,9 Mrd. US-$ für eine Minenlaufzeit von 8-11 Jahren ermittelt.

Der Kursabschlag in den letzten Tagen war m. E. übertrieben! Konnte man gut zum Neu-Einstieg oder Nachkauf nutzen.

Die PFS wurde so berechnet, als ob es nur jeweils ein Projekt unabhängig von den anderen gäbe. In der Praxis werden sich aber Synergieeffekte ergeben, die Kostenreduzierungen bringen.

Ich werde mir die neue PFS in den nächsten Tagen genauer anschauen und meine neue Umsatz- und Gewinnberechnung dann per email an die Tenbagger-Interessenten versenden.

Tommy

[gbra]

PEA != PFS

[tommy-hl]

China´s wachsende Stahlherstellung wird zu einer Verdoppelung der Eisenerz-Importe in den nächsten 5 Jahren führen. Steigende Eisenerz-Preise werden die Folge sein.

China more dependent on iron ore imports in future
Author: Tessa Kruger - Monday , 23 Jun 2008 - mineweb.com

The Fortis VM Group’s Asian Metals Monthly says negotiations on Australia’s iron ore contract price will become even tougher in future as the country’s imports is set to double again over the next five years.

China's rising iron ore imports implies significant rises in the price of iron ore in the long term that will see this year's tough negotiation of Australian iron ore contract prices intensify in future.

The Fortis VM Group said in its recent Asian Metals Monthly China's rampant steel production growth was the single biggest factor underpinning the "soaring price" for iron ore.

The report said that, while China was the world's biggest producer of iron ore at 520mt in 2006, representing almost a third of global production, much of this material is very low grade.

China will become more dependent on imported iron ore in future, despite the fact that its own production of iron ore has been increasing rapidly since the start of the century. Monthly imports have been growing at a much faster pace and are now almost double its own production.

The country's iron-ore imports were more than 192mt in the first five months of this year - 20% higher than the same period of 2007. The country's iron ore imports have more than doubled from 148mt in 2003 to 375mt in 2007 and now accounts for 50% of the world's seaborne trade in iron ore.

The report said import volume was likely to again more than double to over 750mt annually over the next five years. "This is a formula for long-term significant rises in the price of iron ore. It also implies that this year's tough negotiations between Chinese steel makers and Australian iron ore producers will in retrospect appear ‘mild'."

The protracted struggle between Chinese steel producers and Australian iron miners is drawing to an end after the two sides have locked horns over this year's contract price for Australia's iron ore exports.

The Asian Metals Monthly said China's rate of steel production growth was likely to be slower this year compared to 2007, but it was still "comfortably" above 10%. This implied that production could reach 540mt in 2008.

China exported about 55mt of crude steel and steel products last year, but it will probably use more than 482mt of steel it produces this year, leaving about 58mt for exports and stockpiling.

The rate of growth in steel production has fed into high growth rates in iron ore demand and largely explains the recent surge in the world spot price for iron ore.

"Thirty years ago the annual contract price for iron ore fines - the biggest traded category of iron ore - was $21.50/t for Brazilian ore shipped to Europe, compared to this year's price of $132.20/t. Spot prices have risen even more steeply from $75/t at the start of 2007 to around $200/t today."

The report said that, by the end of June, Australian producers would be free from their obligations under the current contract year and be able to ask for spot prices for ores that are more than double the current contract prices at about $200/t.

"The longer the Chinese steel makers stall the finalisation of contracts, the higher the price they may have to accept. Freight rates have surged since the start of contract talks and have widened the differential between the cost of shipped Brazilian and Australian iron ore."

The report suggested that ultimately a compromise would be reached that could see Australian miners accept a much higher contract price for pellets, a semi-finished iron ore product, and in exchange drop their demand for a freight premium

[Extrabreit]

nach diesem Artikel habe ich heute mal zugeschlagen. rosige Aussichten!

FTD: Minenkonzerne verdoppeln Eisenerzpreis
24.06.2008 - 16:32

Erst Rio Tinto, dann BHP Billiton - die beiden dominierenden Bergbaukonzerne haben bei ihren Hauptabnehmern in China und Japan eine Preissteigerung um fast 100 Prozent durchgesetzt. Stahlproduzenten und Autobauer befürchten eine Inflation an den Rohstoffmärkten.
Werbung

Die Bergbaukonzerne Rio Tinto und BHP Billiton haben mit spektakulären Preisabschlüssen bei Eisenerz weltweit Besorgnis in der Stahlbranche ausgelöst und die Angst vor einer Inflation auf dem Rohstoffsektor geschürt. Nachdem zunächst die australische Rio Tinto mit dem chinesischen Stahlkocher Baosteel handelseinig wurde und für Lieferungen in 2008/2009 einen Preisanstieg von bis zu 96 Prozent vereinbart hatte, legte jetzt die britisch-australische BHP Billiton nach und erzielte mit Baosteel einen Aufschlag von 85 Prozent. Das Nachsehen hat der brasilianische Erzlieferant Vale der im Februar mit Baosteel eine Erhöhung um knapp 70 Prozent ausgehandelt hatte.

Rio Tinto und BHP konnten deutlich bessere Abschlüsse als der Wettbewerber erzielen, weil die Transportkosten von den australischen Minen nach China wesentlich niedriger sind als von den brasilianischen. Beide Unternehmen haben den Joker dieser "Frachtprämie" in den Verhandlungen ausspielen können.

Inzwischen signalisierten auch andere Stahlproduzenten, dass sie den Vorgaben der Baosteel-Abschlüsse folgen wollen. So habe die japanische Nippon Steel durchblicken lassen, dass sie bereit sei, Rio Tinto bis zu 100 Prozent mehr als im vergangenen Jahr zu zahlen, meldet das Wirtschaftsblatt "Nikkei" in Tokio. Nippon Steel bezieht 60 Prozent seines Eisenerzes aus Australien. Und der südkoreanische Stahlhersteller Posco kündigte am Dienstag an, seine Preise um bis zu 21 Prozent anzuheben. Damit sollten die gestiegenen Rohstoffpreise abgefedert werden. Vor kurzem hatte Posco zugestimmt, seinem Zulieferer Vale künftig 65 Prozent mehr Geld für Eisenerz zu zahlen.

Der Aktienindex für die Stahlbranche in Tokio gab infolge der Sorgen vor steigenden Rohstoffpreisen am Dienstag um 1,9 Prozent nach. Unter den Einzelwerten verloren Kobe Steel 2,3 Prozent und Nippon Steel 2,5 Prozent. Autohersteller wie Toyota notierten 1,5 Prozent tiefer. Zur Produktion einer Tonne Stahl werden etwa zwei Tonnen an Rohstoffen wie Eisenerz und Kokskohle benötigt. Da es nur wenige große Minenbetreiber gibt, haben selbst große Stahlkonzerne eine schwache Verhandlungsposition.

Neben der Baubranche, die derzeit vor allem in China und anderen asiatischen Ländern floriert, dürfte vor allem das Geschäft der Autobauer von den hohen Eisenerzpreisen betroffen sein. So rechnet BMW bereits mit steigenden Belastungen. Die Produktionskosten würden vermutlich zwölf Prozent höher ausfallen als im Vorjahr, sagte ein Unternehmenssprecher am Dienstag. Konzernchef Norbert Reithofer hatte auf der Hauptversammlung im März bereits von höheren Belastungen gesprochen. 2007 schlugen höhere Preise für Stahl und Aluminium mit 288 Mio. Euro (Vorjahr: 178 Mio. Euro) zu Buche. "Die Kunden reißen sich im Moment nicht um Autos, da dürfte es schwer werden, die hohen Kosten weiterzureichen", sagte Händler Matthias Melms von der NordLB. An der Frankfurter Börse gaben MAN und Continental rund 3,5 Prozent nach, Daimler und BMW verloren rund 2,5 Prozent.

Allerdings gibt es auch Zweifel, ob die europäischen Hersteller in ähnlichem Ausmaß wie Toyota und andere asiatische Wettbewerber von teurerem Stahl betroffen sein werden. "Die europäischen Stahlproduzenten kaufen das billigere Eisenerz aus Brasilien, während die Asiaten das teurere australische Erz kaufen müssen. Wegen der hohen Transportkosten lohnt sich für sie der Kauf brasilianischen Erzes nicht mehr", sagte ein Händler.

Stahlproduzenten und -konsumenten werden immer tiefer in den Sog der seit Monaten wogenden Schlacht um die Vormachtstellung der großen Bergbaukonzerne gezogen: Denn die hohen Preise, die zunächst zwischen Rio Tinto und Baosteel, dann zwischen BHP und dem chinesischen Stahlkonzern verhandelt wurden, sind nur vordergründig ein Ergebnis der weltweit steigenden Nachfrage nach dem begehrten Rohstoff Eisenerz. Viel mehr spiegeln sie die Intensität des Übernahmekampfs zwischen Rio Tinto und BHP.

Seit Monaten versucht BHP den australischen Rivalen zu übernehmen, doch Rio Tinto wehrt sich nach Kräften, weil der Konzern das Übernahmeangebot als zu niedrig einstuft. Im Kern geht es um die Bewertung der Eisenerzminen in der Region Pilbara im Nordwesten Australiens, die von Rio Tinto ausgebeutet werden. Je höher der Preis, den die Australier mit ihrem Erz am Weltmarkt erzielen können, desto wertvoller wird das Unternehmen - und desto mehr muss BHP zahlen, um den Konkurrenten zu schlucken. Derzeit bieten die Briten rund 165 Mrd. $.

Doch im Grunde sei der Deal mit den Chinesen keine große Hilfe für Rio Tintos Abwehrstrategie, glaubt Ken West, Analyst bei Perennial Growth Management. "Die Preissteigerung hilft beiden Unternehmen", so West, "denn BHP hat ja einen ähnlich guten Abschluss erzielt."

So dürfte der Poker um Rio Tinto noch einige Zeit weitergehen. Ob BHP am Ende die Oberhand behält, ist alles andere als gewiss, denn jüngst signalisierte auch Baosteel Interesse an seinem australischen Stammlieferanten. Die Chinesen sind bereit, bis zu 200 Mrd. $ in die Übernahme zu stecken.

Autor/Autoren: Frank Lassak (Hamburg)

[recession]

Set dem letzten Top ist Aktie kraeftig zurueckgegangen. Aber es hat nichts besonders veraendert. Wie sollte nun weiter das entwickeln. Bei boomenden Eisenerz Preisen sieht der Chart sehr unschoen aus. Niemand hat Lust die Aktie bei diesen so niedrig gewordenen Preisen zu kaufen.

[arzureus]

Habe gestern schonmal nachgelegt. Über kurz oder lang gehts bei diesen Stahlpreisen auch hier wieder Richtung Norden.

Gruß Arzureus

[CaptainBizeps]

Tja über kurz bricht die Aktie wohl gerade zusammen.

[recession]

Antwort auf Beitrag Nr.: 34.371.871 von CaptainBizeps am 25.06.08 14:11:14

Ich schaetze die Aktie sucht neuen Boden wo sie dann rumpendeln kann. Wahrscheinlich wird das bei 2.3 CAD Tief sein. Dachte nicht, dass die Auswirkungen so drastisch sein werden. Aber heutzutage ist alles moglich. Schnelle profit Macher sind jetzt ueberall. Keiner will abwarten und aussitzen. Das ist die Boerse.

[tommy-hl]

Northland wird ja u. a. auch von Pareto Securities gecovert.
Pareto rechnet zurzeit neu und wird wahrscheinlich das bisherige Kursziel von NOK 55 (EUR 6,80) erhöhen, weil:

- durch die PFS (die die wirtschaftliche Machbarkeit bestätigt) das Risiko gesunken ist
- die PFS sehr, sehr konservativ ist
- es laut Pareto noch diverse Ansatzpunkte gibt, die Capex als auch die Opex zu senken.

Obiges ist eine unbestätigte (!) Information, die ich erhalten habe.

Tommy

[tommy-hl]

Northland Is Moving On, But Will Investors Do Likewise?

By Sarah Belfield - 25 Jun 2008

COLUMBUS (ResourceInvestor.com) -- Iron ore hopeful Northland Resources [TSX: NAU] is now free to start fleshing out alternative cases that might further improve the economic attractiveness of a group of three proposed mines, which straddles the border between Sweden and Finland.

Alternatives include using transportation methods other than haul trucks to move ore out of open pits once they deepen. Another possibility is using autogenous mills for secondary crushing and grinding instead of going with higher-cost grinding rolls and ball mills. And another aspect up for examination is the possible time- and cost-saving benefit of securing customers who would be just as happy taking pellet feed as finished iron ore pellets.

The move forward comes after Northland pulled long hours during the past week to help fix two financial modelling errors for its mines development base-case.

With that problem now out of the way, Northland said it was re-focusing on expanding its resource base, which would help boost the longevity of proposed mining operations and the span over which large plant items would function. The company reported having 7 drill rigs working on satellite deposits as well as the three main sites. Most of the satellite deposits tended to be within 25 kilometres of one of the planned processing facilities.

Not only would the drilling increase resource tonnages, it would also see volumes bumped up into higher confidence categories, the company's president and chief executive said. As a result, Northland anticipated updating its resource models before the end of the year.

Revision Had 'Limited' Net Effect

The three iron ore-copper-gold (IOCG) projects Northland hopes to bring to production are Tapuli, Stora Sahavaara and Hannukainen. If all of the mines were to reach their proposed production levels, Northland would eventually be trotting out 13 million tonnes per annum (mtpa), consisting of 3 mtpa of iron ore concentrate from Tapuli, 5 mtpa of blast furnace-grade pellets from Stora Sahavaara, and 5 mtpa of direct reduction-grade pellets from Hannukainen.

Mid last week, Northland and engineering consultancy Wardell Armstrong International released a base-case preliminary economic assessment (PEA) covering the projects. However, after they spotted the double-counting of a mining-cost contingency and an error involving revenue calculations, they were briefly forced back to the drawing board to grind out revised figures.

In a statement to the market on Monday, the company said: "Over the last 5 days Northland and [Wardell] have re-worked and extensively re-checked the financial model, concluding that the net effect of the revision on the net present value, internal rate of return and pay-back of the combined projects is limited and the projects have retained their robust valuation."

While each project was treated as a stand-alone operation in the PEA, their combined net present value came to a revised 1.114 billion euros at a 10% discount rate (down slightly from the originally released figure of 1.119 billion euros) and their combined internal rate of return remained unchanged at 27%.

The combined figures changed little, but some of the individual-project figures changed quite markedly. The following table summarizes some of the major measures assessed in the PEA for the projects individually, including net present value and internal rate of return.

Net present value (NPV) is one means of assessing whether to go ahead with a project. The method summarizes what a series of future cash flows equates to in today's dollar. The cash flows are discounted using a required rate of return (such as 10%). While there are some ifs and buts involved in this kind of analysis, generally speaking a company will undertake a project showing a positive NPV, because this NPV result indicates the project will add to the company's wealth.

Internal rate of return (IRR) is another discounted cash flow method. Again there are finer points not discussed here, but in the most simple case, a company will undertake a project if its IRR exceeds the company's required rate of return.

As with any calculations that involve looking ahead, a final NPV or IRR figure is only as good as the assumptions and data that went into the model. As the saying goes: if you put garbage in, you'll only get garbage coming out.

It means that if a company becomes aware that any assumptions or data no longer hold, or are incorrect, it will need to go back and do another round of number-crunching.

At the time of writing, Northland had earmarked June 30 as the day to discuss the results of its PEA via teleconference.

Back to Business as Usual

Northland president and chief executive Buck Morrow told RI that with the revision now behind them, company staff and contractors were back to business as usual.

"Right now, everyone's focused on bringing Tapuli into production first," he said.

He said Tapuli would likely be the first cab out of the rank because it had the lowest estimated capital expenditure (146.6 million euros) and the highest internal rate of return (34%). Internal rate of return is the discount rate occurring when the present value of a project's cash inflows matches the present value of its cash outflows.

Tapuli would also be the quickest to construct, Morrow said. No pellet-processing plant needed to be built yet because only iron ore concentrate would be produced from the Tapuli resource.

The company is also now free to move forward on the various work involved in completing a bankable feasibility study.

Morrow estimated that details from the work would be out "... somewhere between March and May". He said those details would not quite be in bankable form at that point in time because not every permit will be in hand, "but we'll have a feasibility study that we believe can go directly to bankable once [we] have all of those permits".

He was confident Northland would find buyers for its iron ore concentrate and pellets. The company was looking to sell into the European, North African and Middle East markets.

"One of the key elements of our products is they are very high quality. They'll be consistent in that quality. And that's what the steelmakers are looking for: consistency [and] reliability. We're in an area with very little political risk and good infrastructure. All those things give us an opportunity to have an entry into these markets."

Beginning on June 19, the day Northland announced the need for a revision to parts of its PEA, the company's share price came down from the C$3.80-C$4.00 range they were enjoying throughout the earlier part of June. Northland shares closed yesterday at C$3.13 and were sitting at C$2.94 during mid-afternoon trading today on the TSX.

[tommy-hl]

June 24, 2008 By Rob Davies - minesite.com

Northland Resources Ought Now To Be Bullet Proof On Its Assumptions For Its Scandinavian Iron Ore Projects

Anyone who has built a large spreadsheet to model a company or a project is always aware of the potential for it to hide a tiny little error that might compromise the whole model. Usually such errors are not significant or are discovered in time.

But unfortunately for Northland Resources it was only after a particularly diligent investor asked a question that an error was exposed in the company’s recently published preliminary economic assessment (PEA) covering its three magnetite iron ore deposits in Scandinavia.

Northland Resources had to withdraw the report and spend two days going over the model in fine detail and then to ask consultants Wardell to do the same before it could finally sign off on a revised version last weekend. The net effects were two small negative revisions and one small increase in the earnings before interest and tax number.

Importantly, there was no net overall effect on the three projects taken together, and they still offer payback in seven years, an internal rate of return of 27 per cent and a net present value of €1.1 billion at a 10 per cent discount rate.

Ralph Rushton, the investor relations officer for Northland, has obviously had a challenging time over the last few days but he appeared relaxed and assured over the phone to Minews as he related this tale. Now that it’s resolved he’s looking forward to telling the story once more, and it’s a good one.

The figures quoted above give a good appreciation of what the bottom line looks like, but there are many other interesting details to this story, not reflected in those figures.

Tapuli is the smallest of the three projects and the plan calls for this to be developed first, possibly by 2009, before the other two are brought on stream. That way, the capital expenditure requirements are spread out over time, removing the requirement to get everything in one go at the start.

In fact with C$130 million in the treasury now Ralph says the company has half of what it needs to build Tapuli already. Requiring a projected capital expenditure of €147 million, Tapuli is the cheapest of the three projects, partly because it will not have a pelletising plant. All three properties can be mined from an open pit.

While a 2009 start-up would be good news for everyone, there is a great deal more work to be done yet. The PEA is just the start and will evolve into a full bankable feasibility study when three more pieces of the jigsaw are put into place. One of these is further metallurgical test work needed to determine exactly what sort of a plant will be required.

The other two relate to the resource. It needs both to be elevated to a higher category and to be expanded, since a bankable study can only be based on a measured resource and the existing - largely inferred - resource is not suitable. Ralph says a drilling programme is underway to resolve both these issues.

In parallel with that work on the ground, Northland is working its marketing team hard to lay the groundwork for an offtake agreement that could be used to bankroll the capital cost of the project. The recent news that Rio Tinto has secured a price rise of 85 per cent for its iron ore will be well received.

Having such a large resource right on the doorstep of Europe will make a big difference to consumers who are finding that they are now wearing the shipping costs of moving iron ore halfway across the world. The location of the three deposits on the Swedish-Finnish border gives Northland the option of transhipping through the port of Kemi on the Gulf of Bothnia, or shipping from the ice-free port of Narvik in Norway.

Only a small amount of work would be needed to connect the three properties to the existing rail network. One thing is for sure now though: all the assumptions in this business model will be absolutely bullet proof.

[CaptainBizeps]

Eigentlich sollten wir jenseits der 5 Euro stehen und nicht unter 2 Euro.
130M CAD in Cash und dann schaut mal womit die Projekte bewertet werden, nicht mal 200M CAD für eine Laden der 8 Milliarden an EBIT stehen hat und das ist erst der Anfang.

[tommy-hl]

Ich hoffe, dass damit die Unsicherheiten wegen der PFS beseitigt werden und wieder Vertrauen geschaffen wird. Ab Montag könnten wir wieder steigende Kurse sehen:

Jun 27, 2008
Northland Resources: Teleconference to Discuss Preliminary Economic Assessment of Its Iron Ore Projects

Northland Resources will be hosting a telephone conference call on Monday, June 30, 2008 to discuss the results of the Preliminary Economic Analysis (PEA) of its Swedish and Finnish iron ore projects.

The teleconference will begin at 8.30am Pacific Time, 5.30pm Oslo Time and 4.30pm London, UK time, hosted by Ralph Rushton, a Director of Northland. Buck Morrow will provide an overview of the findings of the PEA followed by a Q&A session.

[tommy-hl]

TAPULI ON FAST TRACK
Northland Resources markets European iron ore growth potential to NA investors

Despite some initial miscalculations contained in a base-case preliminary economic assessment released earlier this month, Northland Resources rebounded Monday with a revised outlook for three Scandinavian iron ore projects.

Author: Dorothy Kosich - Tuesday , 01 Jul 2008

As Vancouver's Northland Resources (TSX: NAU) moves ahead to develop its Tapuli iron ore project, the company is also stepping up its marketing efforts to North American shareholders.

Revised figures for the project presented to analysts and investors Monday project a capex of €146.6 million (US$231.2 million) on a nine-year iron ore project that could produce its first iron ore concentrate in 2010 at the rate of 1 Mtpa increasing to 3 Mtpa in 2012..

However, Northland President Arden "Buck" Morrow told analysts and investors that "permitting is the keystone" to the development of Tapuli north of the Arctic circle in Sweden.

In 2004, NRI acquired a 100% interest in Anglo American Exploration's Swedish Pajala Properties which include the Tapuli deposit, which is believed to have total indicated resources of 54.4 million tonnes with an average trade of 27.7 % Fe. The deposit is situation 120 km east of the Kiruna-Malmberget iron ore mining district operated by Luossavaara-Kiirunavaara AB (LKAB).

Some infrastructure is already in place, but will require upgrading, according to Morrow. The Tapuli deposit is easily accessed from a network of roads. The closest towns are Pajala in Sweden and Kolari in Finland. Tapuli is in close proximity to the Finnish border. Both countries have a long history of mining with national geological surveys that have made substantial amounts of high quality exploration data available to the industry at essentially low cost.

Northland says it has sufficient cash to fund its program for three years. The company aims to become a producing European mining company in the next three to five years with iron, copper and gold production within the European market. Morrow told analysts and investors Monday that he expect Middle East iron ore demand to grow more than 13% over the next few years. Western Europe demand will remain plant, but the market is switching to iron ore pellets to reduce Europe's carbon footprint, he explained.

The total estimated capex for all three projects is €1.14 billion (US$1.8 billion). The project pipeline timeline include production of iron ore concentrate at Tapuli in 2010, production of pellets at Stora Sahavaara in Sweden by 2012, and the commencement of production at Hannukainen 2013-2014.

The Stora Sahavaara deposit is located close to the village of Kaunisvaara, 30km north of the town of Pajala, within the Pajala district of northern Sweden.

The Hannukainen deposit is located within the municipality of Kolari, 100km north of the Arctic Circle in northern Finland. Initially, the operation is planned to produce 1.0Mtpa of high grade iron ore pellets. In 2014 production will be increased to produce at a rate of 5.0Mtpa of high grade iron ore pellets.

Stora Sahavaara is viewed as a potential source of both blast furnace pellets and copper sulphide concentrates. Hannukainen is anticipated to produce DR pellets and a copper-gold sulphide concentrate.

Long term, the company hopes to produce a total of 13Mtpa of iron ore production from the three iron ore project.

"Our iron and iron-copper-gold resources are within 10km of a maintained railway leading to ports in Finland, and within 10km of -or currently service by-power, roads, water and a tailings dam," according to the company. "Swedish iron ore is significantly cheaper for European consumers due to lower shipping costs compared to southern hemisphere iron ore imports."

During Monday's conference call, Northland management said it is considering several strategic alternatives for its suite of three open-pit iron ore projects in Sweden and Finland including:

• Developing a deep water port at Calyx, Sweden

• Building a pellet plant outside of Sweden or Finland, or forming a joint venture for a pellet plants outside of the region. (No pellet processing plant is required for Tapuli production)

• Trade off and timing of an open-pit operation versus underground mining

• Optimizing ore processing using SAG or autogenous mills during the second stage of crushing.

The company has budgeted $48 million for development and exploration programs this year. A new vice president of exploration has also been hired, Morrow said Monday.

Morrow said 95% of Northland's shareholders are based in Europe, and the company completed its last two financings in Europe. However, this puts the company at a disadvantage with other North American iron ore development projects which are better known in Canadian and U.S. markets.

To remedy the situation, Northland has sought the help of two of its board members, Simon Ridgway and Ralph Ruston, both executives of Radius Gold, to help market the project's potential to both institutional investors and the steel industry. Rushton is based in Northland's Vancouver office while Morrow is based in Castle Rock, Colorado. -

[CaptainBizeps]

Und trotzdem zeigt der Kurs aber auch nichts von diesen guten Ausssichten.

[kody]

Der Kursverfall geht offensichtlich ungebremst weiter. Wissen da einige mehr? Sind Großaktionäre klamm? Gibt es negative Insiderinfos?

Angesichts der hier diskutierten guten Perspektiven sind die Kurse, auch angesichts der allgemeinen Börsenschwäche, völlig rätselhaft!

[tommy-hl]

Antwort auf Beitrag Nr.: 34.430.841 von kody am 03.07.08 15:03:39

Es gibt Zeiten, da herrscht so etwas wie ein Käuferstreik. Schau Dir DAX&Co. an, lies die Stimmung aus den täglichen Börsenberichten und dann erkennst Du, dass momentan eine ziemliche Verunsicherung bei den meisten Anlegern herrscht.

In solchen Zeiten werden Nachrichten wie die gegenüber der ersten Version "verschlechterte" vorläufige Machbarkeitsstudie (PEA) übertrieben "negativ" wahrgenommen und mit Verkaufsorders abgestraft. Mangels ausreichendem Interesse auf der Käuferseite müssen die Verkaufsorders zu immer niedrigeren Kursen auf den Markt geschmissen werden, damit die Verkäufer auch ihre Aktien loswerden.

Die fundamentalen Daten aus der PEA rechtfertigen m. M. n. einen solchen Kursverfall nicht! In ca. 1 1/2 Jahren wird NAUR die Produktion starten und richtig Geld verdienen.

Wer bis dahin Geduld und Zeit aufbringt, wird m. E. mit deutlich höheren Kursen belohnt.

Wann ist der beste Zeitpunkt um Aktien zu kaufen? Dann, wenn sie niemand haben will, wenn der Kauf zu niedrigen Preisen (Kursen) möglich ist und die Fundamentaldaten stimmen.

Ob der Kauf-Zeitpunkt und die Fundamentaldaten stimmen, muss sich jeder selber ausrechnen.

Meine Meinung: NAUR ist ein "strong buy"!

Gruß - Tommy

[tommy-hl]

July 04, 2008
Sweden's Deputy Prime Minister Visits Northland's Iron Projects

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

July 04, 2008: Mr. Ralph Rushton, a Director of Northland Resources Inc., is pleased to report that Sweden's Deputy Prime Minister and Minister of Enterprise and Energy, Maud Olofsson, recently visited Northland's projects near Pajala in northern Sweden. On Monday June 30th, Mrs. Olofsson met again with representatives of Northland to familiarize herself with the Company's development plans for its iron ore projects in the Pajala-Kolari region of Sweden and Finland.

The Deputy Prime Minister was given a tour of Northland's projects which included a visit to the Company's bulk sample site at the Stora Sahavaara project.

At a press conference held with representatives from Northland, the Deputy Prime Minister noted that Northland's planned operations in Pajala have potential importance for the whole country, and highlighted the three important issues that must be addressed prior to the commencement of mining operations in the region: infrastructure, labor force and power.

Referring to ways in which the government can assist Northland, she said "What is needed? Is there a need for training? What is required in terms of infrastructure? Can we provide the company with power?"

And commenting on the historical migration of people away from the north of Sweden she added: "Now we are turning the tide of migration, if people can move in one direction they can move in the other. I will have to talk to Sven-Otto Littorin, the Minister for Employment, about how we turn that removal truck around."

Commenting on the visit, Mr. Bill Wagener, the COO of Northland ,who accompanied the Deputy Prime Minister on the visit, said "We are delighted to have the opportunity to outline our plans for developing the iron resources around Pajala directly to the Deputy Prime Minister. We see tremendous potential for investment in the communities around Pajala and Kolari, and the entire Northland team is working flat out to ensure that the projects are developed responsibly with full consultation with the local communities at every step of the way. We look forward to further constructive dialogue with the Minister of Enterprise and Energy."

Corporate News

Northland also wishes to announce that the Company's 2008 annual general meeting will be held on Friday, September 5, 2008. Notice of the meeting will be sent to the shareholders in August.

[CaptainBizeps]

Tja nun auch Stärkung aus der Politik, hoffentlich bringt das was in Oslo.

[recession]

Wow. Habe nicht gedacht, dass es heute so krachen wird. Chart schlecht jetzt. Echtes blutbad ueberal.

[tommy-hl]

Pajala Municipality in Sweden Receives EU Funding to Initiate Infrastructure Planning for Northland's Projects

--------------------------------------------------------------------------------
July 9, 2008: Buck Morrow, the President of Northland Resources, would like to congratulate the Municipality of Pajala and Municipal Commissioner Bengt Niska on the recent award of 7 million Swedish Krona (CDN$1.2-million) by the European Union (EU) to investigate inter-community collaboration between the districts of Pajala in Sweden and Kolari in Finland. The project is in response to Northland's proposal to establish at least 3 producing iron ore operations in the border area.

The project will focus on the resolution of issues such as planning and building the local and cross-border infrastructure needed to support the mining operations, for example roads, bridges and railroads. It will also investigate how to manage the large-scale workforce migration to the area which both municipalities are anticipating once Northland's projects reach the construction phase. The Local Authorities will be able to apply for more funding after the initial eighteen-month period. This is standard practice in the EU.

Buck Morrow said: "This funding is a very positive signal that the EU understands the significance for the Pajala and Kolari municipalities of the iron ore projects we're planning to develop and is prepared to support the projects with funding. We are delighted that Mr. Niska and his team have been able to secure the grant and we are looking forward to assisting both municipalities in any way we can to help in their planning. I believe, as does the entire Board and management of Northland, that the projects are strategically important for Sweden, Finland and the EU and will have a lasting positive impact on the region."

About Northland (www.northlandresourcesinc.com)

Northland is a well-structured, debt free mining company with a portfolio of high quality iron, gold, and base metal development projects in Sweden and Finland.

[Albatossa]

Antwort auf Beitrag Nr.: 34.438.394 von tommy-hl am 04.07.08 12:57:56

Hallo tommy-hl,

ich kaufe gerade auch keine Aktien mehr wenn sie doch jede Woche billiger werden macht es einfach keinen Sinn gegen den Strom zu schwimmen! Und die Aktien die ich noch habe wurde auch fast alle verprügelt ob gerechtfertigt oder auch nicht!


Erst wenn die Erdöl-Spekulationblase die Luft abgelassen wird, werden diese Spekulanten nach neuen Anlagemöglichkeiten schauen bis dahin gilt es halt das Pulver trocken zu halten!

MfG


Albatossa

[tommy-hl]

Artikel Metal Bulletin vom 02.07.08:

http://www.northlandresourcesinc.com/i/pdf/MB-July2-2007.pdf

[gbra]

Antwort auf Beitrag Nr.: 34.467.966 von tommy-hl am 09.07.08 10:36:04

der artikel ist über ein jahr alt ...

[tommy-hl]

Antwort auf Beitrag Nr.: 34.467.764 von Albatossa am 09.07.08 10:17:57

Hallo Albatossa,

leider weiß man vorher nie wie sich eine Aktie kurzfristig entwickeln wird. Momentan sehen wir mal wieder irrationale Übertreibungen und der Abverkauf bei NAUR gehört dazu.

NAUR ist für mich eine Aktie, die man 3-5 Jahre haben muss, um das volle Potenzial ausschöpfen zu können. Ich weiß, das hilft uns momentan wenig ...

"Pulver trocken halten" ist gut, aber man sollte auch dann investieren, wenn die Preise günstig sind. NAUR ist momentan zu Schnäppchenpreisen (bargain) zu haben. IMHO

Viel Erfolg mit Deiner Strategie,

Tommy

[tommy-hl]

Mir liegt eine email von dem Analysten der Handelsbanken vor, der vor einiger Zeit das research für NAUR gemacht hatte. Darin macht er eine neue Beurteilung für NAUR anhand der PEA (vorläufige Machbarkeitsstudie).

Da ich emails ungerne veröffentliche (Vertrauensangelegenheit) kann ich den Inhalt nur per BM vertraulich weitergeben. Bei Interesse bitte bei mir melden.

Tommy

[klers08]

Antwort auf Beitrag Nr.: 34.472.282 von tommy-hl am 09.07.08 17:19:59

Hallo Tommy,
bitte um BM
Danke, klers08

[CaptainBizeps]

Bitte für mich auch.
mfg

[guenter75]

Antwort auf Beitrag Nr.: 34.472.282 von tommy-hl am 09.07.08 17:19:59

Hallo tommy-hl
Ich bin durch Dich auf Nau und auf CLM aufmerksam geworden.
Ich bitte Dich höflichst um BM.(Natürlich nur für meine Augen)
Hast Du irgendetwas brauchbares über CLM?
Vielen Dank
[e-mail]

[cardiac]

Hallo Tommy,
bitte Bericht für mich auch per BM
Danke,
cardiac

[berrak]

.... und für mich auch. herzlichen dank
b.