Vergleichsthread zu grossen Kupferminen - bitte nehmt daran Teil - 500 Beiträge pro Seite

[Informator]

Kupfer hat ein 12 Jahres-Hoch erriecht und gilt aufgrund der unersaettlichen Nachfrage, vor allem aus China, als Standartentraeger des gerade beginnenden Commodity-Megazyklus...

Es gibt weltweit vielleicht 50 "Weltklasseminen", zumeist "Porphyries", die man sich am besten als "nicht ausgebrochenen Vulkan" vorstellen kann. Die Porphyries liegen an den Grenzen der Kontinentalplatten, und bilden meist hohe Berge. Unter einer duennen, meist erodierten Schicht aus "normalem Gestein" befindet sich dann eine Masse, oft Milliarden Tonnen, von relativ HOMOGENEM Erz vulkanischen Ursprungs.

Die Mineralisierung ist meist nicht sehr hoch, bei Kupfer sind 0,4% - 1,5% ueblich und kommerziell verwertbar. Die grosse Masse von Porphyries (im Vergleich zu "Metalladern" oder anderen kleinen Vorkommen)erlaubt aber einen zuverlaessigen langfristigen Erz-Abbau, und die Einrichtung von grossen Konzentratoren und Schmelzern (die also ueber Groessendegressionseffekte niedrige Kosten pro Tonne zu verwertenden Erzes erreichen).

Die grossen Prophyries liegen meist in den Anden oder der Plattengrenze "Himalaya - Laos - Indonesien - Neuguinea". In situ Wert ist immer in Milliardenhoehe, die ganz grossen erreichen zweistellige Milliradenhoehe.

Die Chancen fuer Junior Miner, die sich ein solches Vorkommen sichern, sind folglich enorm.

Ich befasse mich intensiv mit Recherchen zur Thematik, will aber in diesm Thread ein Forum aufmachen, in dem man auf entsprechende Analysen, Quellen und Aktien hinweist.

Der Informationsaustausch soll uns allen erweitertes Know how auf den folgenden Ebenen bringen:

1. Geologie / Metallurgie (von Kupfer-Porphyries)
2. "Economics" von Kupfer-Porphyries (wann lohnt sich der Abbau und warum: Verhaeltnis von Fixkosten, variablen Kosten, Preisen etc.)
3. Info zu Minen-Ausruestern fuer Kupferporphyries, Kostentrends bei entsprechenden Anlagen, Erfahrungen im Anlagenbau bei Konzentratoren, Schmelzern, Erzabbau- und Zerkleinerungsnalagen fuer Kupfer in dieser Groessenordnung.
4. Meinungen/Quellen zu spezialisierten Brokern, Researchquellen
5. Quellen und Meinungen zum Bewertungsvergleich der Kupfer-Porphyry-aktien in verschiedenen Entwicklungsstadien (Explorer, BFS, aktive Mine etc.)
6. andere Foren zum Thema, auch im angloamerikanischen Raum (es gibt ja www.hotcopper.com.au), aber auch andere....
7. Kapitalmarkt: Projektfinanzierung, IPOs, Private equity, Bank- und (in Entwicklungslaendern) Weltbankkredite fuer Kupfer-Porphyries

solide Kenntnisse lohnen sich hier, denn wir werden noch viele Jahre in diese "Asset-Klasse" investieren, oder uns noch intensiver (beruflich) mit dieser Thematik beschaeftigen.

also, legt los...

[KlingerP]

Bin kein Kupfer Spezialist aber habe Dez. 04 diese hier entdeckt :SOUTHERN PERU COPPER, Symbol PCU (Nyse)
(Gekauft zu 46$).

Grupo Mexico und Phelps Dodge (PD) sind daran beteiligt, letztere wollen sich eventuell von ihren Anteilen trennen, was den bisher niedrigen freefloat erhöhen könnte.
Sehr profitable Mine (finanziell, zur Geologie weiß ich nichts), sehr gute Dividendenrendite. Streik im Januar beendet.

http://finance.yahoo.com/q/pr?s=PCU

Southern Peru Copper Corporation (SPCC) is an integrated producer of copper that operates mining, smelting and refining facilities in the southern part of Peru. The copper operations of the Company involve mining, milling and flotation of copper ore to produce copper concentrates, the smelting of copper concentrates to produce blister copper and the refining of blister copper to produce copper cathodes. SPCC also produces refined copper using the solvent extraction/electrowinning (SX/EW) technology. Silver, molybdenum and small amounts of other metals are contained in copper ore as by-products. Silver sold is recovered in the refining process or as an element of blister copper. Molybdenum is recovered from copper concentrate in a molybdenum by-product plant. SPCC operates the Toquepala and Cuajone mines, high in the Andes, approximately 984 kilometers southeast of Lima. It also operates a smelter and refinery west of the mines at the Pacific Ocean Coast City of Ilo, Peru.

Finanzdaten.
http://finance.yahoo.com/q/ks?s=PCU

Schau sie dir mal an und sag mir offen was du darüber denkst.

Gruß Klinger

[aktienfloh]

Hallo Informator,

ich kenne Dich noch aus alten Thai Zeiten anno nach der Asienkrise etc. deshalb schreib ich, ich mag Deine Art Research zu betreiben


ich hab folgenden Wert allerdings im Midcap Bereich der interessant klingt, schau ihn Dir einfach mal an

ccu.to

constellation copper m.E. ein seröses Mienenunternehmen
das den positiven Turnaround versucht und bestimmt schafft.
Näheres unter
http://www.constellationcopper.com/

[aktienfloh]

WSR: Could you begin with a brief history and overview of the company?

CCU: Constellation was formed approximately 10 years ago with the strategy to pursue the development of medium-sized open pit heap leach copper projects that are amenable to produce copper cathodes directly on site without having to go to smelters and refineries for final product. We have put together a portfolio of properties over that period of time. We have advanced the most senior one through engineering, permitting and financing and it is currently in construction. So Constellation has moved forward aggressively over the last 10 years to get to the stage where we are currently.

WSR: How are these projects and properties developing, moving along?

CCU: We have three projects in the company. The most advanced is our Lisbon Valley project in Utah, in the United States. That’s the one that is fully engineered, fully permitted and financed and is currently under construction. We commenced construction in November of last year. We will complete construction by the end of the third quarter of this year, 2005. We should have our first copper production in the fourth quarter of this year. We should achieve full copper production by the end of this year so that all of 2006 will be at the full production capacity, which is 54 million pounds of copper annually. We currently have sufficient reserves and resources for a nine-and-a-half to 12-year mine life, and depending upon the copper price, which currently is at $1.40 per pound, we should be able to operate for well beyond that 12-year period of time.
Our second project is in Chihuahua, Mexico. It is in the definitive bankable feasibility study stage currently. We have been drilling on that project for the last nine months and just yesterday we announced some spectacular zinc grades over extensive thicknesses that probably represent the best zinc discovery in North America in the last 20 years. The Terrazas project should be able to produce +40 million pounds of copper and +100 million pounds of zinc annually beginning in 2007.
Our third project we just recently acquired last month and it is a mid-stage exploration copper project in Sonora, Mexico, which we will move along after we complete the bankable feasibility study and construction at Terrazas.

WSR: How important are strategic alliances and joint ventures for the company moving forward?

CCU: We currently own 100% of each of the three projects that I mentioned to you. We have no plans to joint venture our Lisbon Valley project, which is in construction. As we develop this high-grade zinc resource at Terrazas, we may choose to seek a senior partner to help advance that because that could be a really substantial deposit and may take more capital to develop than we can bring to bear ourselves. Otherwise we partner with industry partners on the off-take of the metal so that the metal goes to market in an expeditious and cost-effective manner with an experienced metal marketing firm. We partner sometimes with a contract miner and sometimes with construction contractors, but we do it on a project-specific basis.

WSR: On the acquisition side, any thoughts on additional M&A activities in the near future?

CCU: We are always on the lookout for good opportunities, but currently we don’t have anything on the horizon.

WSR: What differentiates Constellation Copper from other companies in the industry?

CCU: Constellation is focused on producing cathode metal; cathode copper and pure zinc metal on site. We don’t produce a concentrate. Companies that produce a concentrate have to ship their concentrate to a smelter and they are subject to availability at the smelter and increasing smelter treatment and refining charges. We produce metal directly on site and that metal goes directly to the market to the customers thereby bypassing the bottleneck that smelters and refineries can create at times. That’s the unique feature of Constellation. We produce our metal directly on site and it goes directly to the marketplace from our plant.

WSR: What can you tell us about the key players on board, your management team?

CCU: We put together a very experienced management team over the course of the last several years. I am the president. I’ve been the president since we formed the company. My background is primarily in the base metal industry, copper and zinc, 10 years with a large international firm, Noranda, and Anaconda and US Steel before that. Our chief financial officer is John Labate. He has arranged over $300 million in project financing. John worked for Bond International Gold and for Crown Resources as chief financial officer and he brings that experience to the finance end of our business. Our VP of operations is Micheal Attaway, a 30-year veteran of the mining industry. He has been VP of operations for a number of North American mining firms and has a dozen open pit heap leach operations under his belt. Our VP of exploration development is Gary Parkison who came to us after being the chief geologist of Cambior USA, which is a large international gold mining company. Gary has extensive feasibility level experience, particularly in Mexico, and with copper projects. So in aggregate we cover the exploration, geology, mining, finance and development sectors among us as a team.

WSR: Do you feel the investment community understands the company and the direction taken?

CCU: Not yet. Two years ago the price of copper was very depressed and nobody was interested in a copper story. We just quietly went about our business to advance the status of the projects and the company. Last year we focused extensively on financing the construction of Lisbon Valley. We raised roughly $40 million in equity and $33 million in debt in order to be able to put that project into construction. And now that we have that behind us, this is the year for us to get our story out to the marketplace so that the retail sector and other institutional investors can participate in the stock.

WSR: What is your long-term vision for Constellation Copper?

CCU: We believe that there is a genuine niche in the marketplace for a mid-tier copper producer that produces pure metal for delivery directly to the market. We see an opportunity to continue to grow in that direction. We currently have the capacity in the company to produce in excess of 200 million pounds of copper annually, and with this new zinc discovery at our Terrazas Project in Mexico we believe we have the capacity to add to that up to 300 or 400-million pounds of zinc production annually. That represents a substantial production of metal on an annual basis that we think we can continue for 10 to 20 years.

WSR: Lastly, to sum up a bit, why should investors consider Constellation Copper as a long-term investment opportunity?

CCU: We are on the cusp of what we believe is a long-term metal price boom. Copper prices have risen tremendously over the last year and forecasts are for them to remain high over the next five to 10 years. Zinc prices are starting to respond in that direction and forecasts now are for a market deficit of zinc beyond 2006. That’s about the timeframe that we would bring Terrazas into production, so Terrazas could be coming on production as a major zinc producer at a time when zinc prices are likely to realize all time highs. Therefore, we think we provide excellent exposure to the upside in copper and zinc prices.

END

[KlingerP]

@Informator.
Nachdem ich ein wenig in deinen Threads gelesen habe,
ist mir klar, dass du eher reine Minenwerte suchst, eventuell vor Beginn der Ausbeutung, aber keine
Integrierten Verarbeiter, stimmts?

PCU passt also offenbar nicht ganz in dein Suchschema.

Gruß, Klinger

[Informator]

im Prinzip alles, vom Junior Explorer bis zum integrierten Verarbeiter.

Ziel is eine Uebersicht ueber die Faktore, die den Marktwert bestimmen.

1. Stadium der Entwicklung
2. Quantitaet und Qualitaet der Reserven
3. Management
4. Durchfinanzierung oder chancen auf Durchfinanzierung
5. weitere Chancen und Risiken

Man soll ein Gefuehl dafuer bekommen, unter welchen Bedingungen und in welchem Zeitraum was fuer ein Wertanstieg zu erwarten ist.

[KlingerP]

So heute hab ich bei PCU ein bisschen Kasse gemacht (halbe Pos), da gut gelaufen.

Ein paar Links in Australien die ich interessant fand.

1. Zu Kupfer

Kupfer + Nickel Exploration und Abbau
http://www.foxresources.com.au/view/2375391041


http://www.ame.com.au/guest/cu/cost.htm
http://www.ame.com.au/guest/cu/analysed.htm

http://www.mdbc.gov.au/education/encyclopedia/mining/mining.…


Übersicht Minenunternehmen (nicht nur Kupfer)

http://www.reflections.com.au/MiningandExploration/Companies…

http://www.mining-technology.com/projects/
http://www.miningnews.net/sectionstory.asp?SourceID=s99

http://www.mining-technology.com/links.html
Dann noch aus

http://www.tradersnetwork.org/research_channel/fr_main.htm

Oxiana Resources (OXR) - 2 November 2004
Share Price: $0.98 (Close 1 November 2004)
Comments: Oxiana`s principal asset is the Sepon project in Laos. Oxiana is currently producing gold at Sepon and is also developing the Khanong Copper Project at the same site. The copper mine, which will come into production in 2005, will be one of the world`s lowest cost copper producers. Oxiana also has exploration and generative projects in Australia, Cyprus, Laos, Philippines, Thailand and China.
IMPORTANT POINTS: 1. Recent quarterly report looks positive 2. 11 analysts give this a buy recommendation 3. More analysts have been studying this stock over the last year 4.Has to be regarded as speculative

[Informator]

@ Klinger

vielen Dank! Z.T sind es links, die fuer ein tieferes Verstaendnis von Orchids Projekten sehr viel beitragen!

AM MEISTEN der Folgende Text. Habe mir die Minen auf mining-technology angesehen, und hier Batu Hijau: http://www.mining-technology.com/projects/batu/
s. Text weiter unten, hier mein Kommentar:

Groesse (1 Mrd. Tonnen Erz), Geologie (Porphyry mit Diorit / Quartz-Diorit) und Kupfergehalt (ca. 0,5%) sehen genau wir QuLong aus! Vergleicht es selbst!

Statt Gold hat QuLong eine Kombination aus Molybdaen, Gold und Silber, wobei der Molybdaengehalt sehr hoch ist.

Der in situ Wert allein des Kupfers liegt bei QuLong und Batu Hijau derzeit bei $15 Mrd - gleichauf!

Batu Hijau`s Kosten liegen aufgrund der hohen Economies of Scale bei nur 23 cent pro lb (Pfund) Kupfer, das sind nur $500 pro tonne bei einem Preis von $3000. In 2003 hat man 276000 tonnen Kupfer verkauft, bei heutigen Kupferpreisen sind das $800 Mio, davon nur $170 Mio variable Kosten, also ein Rohgewinn von $630 Mio.

Das Investment von $1,8 Mrd. muss davon abgetragen werden, dazu braucht Batu Hijau bei derzeitigen Preisen nur 3 Jahre, und in den anderen 22 Jahren der 25 J. Lebensdauer wuerde man somit mehr als $10 Mrd Rohgewinn erzielen. Bei fallenden Preisen, sagen wir mal $2000/t, sind es noch $6-7 Mrd. Selbst wenn QuLong etwas hoehere Kosten haette, der gewinn ist ertaunlich.

Des weiteren werden Details zur Produktion in Batu Hijau gegeben.

BATU HIJAU COPPER-GOLD MINE, INDONESIA
Batu Hijau copper-gold mine is located on the Indonesian island of Sumbawa in the province of West Nusa Tenggara, 1,530km east of Jakarta. The Contract of Work for the project is held by PT Newmont Nusa Tenggara, a company owned by Newmont Indonesia Ltd (USA, 45%); Nusa Tenggara Mining Corporation (Japan, 35%) and PT Pukuafu Indah (Indonesia, 20%). Newmont is the project operator.

Construction of the mine and its associated infrastructure was completed in 1999 by the engineering contractors, Fluor Daniel and Signet. PTNNT had spent ten years exploring the resource, which cost $1,800 million to develop, with commercial production beginning in March 2000. In 2003, the operation achieved sales of 276,800t of copper and 585,000oz of gold, at an average cash cost of $0.23/lb of copper.

Power for the project is supplied by a 120MW coal-fired plant supported by nine diesel generators.

GEOLOGY AND RESOURCES
Bata Hijau is major gold-rich porphyry copper deposit typical of the islands of southeast Asia. These gold-rich porphyries are overwhelmingly hosted by composite stocks of diorite to quartz-diorite and, to a much lesser degree, more felsic compositions such as tonalite and monzogranite. The deposits tend to be characterised by a strong correlation between the distribution of copper sulphides (chalcopyrite and bornite) and gold as the native metal in addition to having a notably higher magnetite content. Gold typically occurs as minute (<10-15 micron) inclusions in the copper sulphides.

As of the end of 2003, Batu Hijau had an ore reserve of 1,000Mt grading 0.525% copper and 0.37g/t gold. At current production rates, this will support a mine life until 2025, and PT Newmont is continuing to explore in nearby areas, including the Elang prospect.

MINING AND MILLING
Batu Hijau is an open-pit mine. Ore is transported to the primary crushers using P&H 4100 electric mining shovels and a fleet of 220t-capacity Caterpillar 793C mechanical-drive haul trucks. The mine typically handles around 600,000t/d of ore and waste, the ore grading an average 0.49% copper and 0.39g/t gold.

Following primary crushing, the ore is transported to the concentrator by an overland conveyor, 1.8m wide and 6.8km long. The concentrator circuit consists of two-train SAG and ball mills, followed by primary and scavenger flotation cells, vertical regrind mills and cleaning flotation cells to produce a copper-gold concentrate grading 32% copper and 19.9g/t gold. Counter-current decantation thickeners are used to dewater the concentrate to a slurry, which is pipelined 17.6km from the plant to the port at Benete. Here it is dewatered further, then stocked in an 80,000t-capacity storage area prior to shipment by sea.

PRODUCTION
During the first six months of 2003, the mine produced 34.4Mt of ore with average grades of 0.70% Cu and 0.31g/t Au. The concentrator handled 24.7Mt of ore during this period. For the whole year, the plant processed 46Mt of ore, with a planned increase to 51Mt/y in the future.

TAILINGS DEPOSITION
The tailings from the operation flow by gravity from the process plant to the ocean where they are deposited 3km from the coast at a depth of about 108m. From there, the tailings, which are non-toxic and non-hazardous, migrate towards the Java Trench and are ultimately deposited at depths in excess of 4,000m.

ENVIRONMENT
There are considerable environmental challenges at Bata Hijau, including steep terrain and widely dispersed facilities stretching over 40km. The site has a tropical monsoonal climate with high rainfall, and an extended arid season with almost no rainfall. Other environmental considerations include significant seismic activity, with the associated risk of tsunamis, and acid rock drainage, not to mention the existence on site of an endangered species, the yellow-crested cockatoo.

Considerable environmental controls are in place, with ongoing recycling and reclamation a major feature and continual environmental monitoring undertaken both on- and offshore.

[BertramW]

Lobo Highlights - http://www.mindoro.com

5km to 7km of epithermal vein/breccia trends defined
Impressive gold intersections: 15m at 9.62 g/t, 20m at 9.47 g/t, 15m at 7.75 g/t
Strong multiple copper-gold porphyry targets defined by ground magnetics and geology
Aggressive drill campaign (2 rigs, 31 holes, 5,400m) targeting both epithermal and porphyry targets

Obige Firma hat mehrere Kupfer-Gold-Projekte im Explorerstadium

[KlingerP]

Zum Thema Molybdän ein interessanter übersichtsartikel

http://www.kaiserbottomfish.com/s/Expresses.asp?ReportID=960…

Gruß, Klinger

[Informator]

@ Klinger

du bist ja ein echter Schatz!

Ich kann jedem nur ganz heiss empfehlen, Klinger`s Moly-Link anzuklicken.
Weiter unten in meinem Posting der Artikel, aber ohne Diagramme, und ihr muesst den Moly-chart sehen. Das ein Metall so steigen kann, mehr als 1000% seit 2002. Daher rechnet man mit einer Moly-Mania fuer Explorer in 2005.
Immerhin macht der (bisher eher unbeachtete) Moly-wert bei QuLong etwa 25% des Gesamtwertes aus, zu aktuellen Preisen (ich habe konservativ nur 10-15% in den Postings angesetzt).
Etwas know how zu Moly kann also den Orchid Aktionaeren nicht schaden. Moly macht etwa 2-3 Zimmer der Villa aus, die wir uns von den ORC Gewinnen kaufen koennen.

Express 2005-01

January 4, 2005

Will MolyMania Hit the Juniors in 2005?

An obscure but ubiquitous metal called molybdenum underwent a little noticed tenfold spot price increase during the past two years which has started to catch the attention of the Canadian exploration industry. Molybdenum is widely used in steel and other metal alloys to provide hardness and corrosion resistance. Molybdenum`s low toxicity has also turned it into an important component of catalysts and lubricants, many of which are used by the oil industry. Molybdenum demand has grown as a result of the infrastructure development boom in China and the push to develop and deliver new energy sources that ease global dependency on Islamic oil. Molybdenum last boomed during the seventies when many of the known molybdenum deposits in Alaska, British Columbia and western United States were delineated. Prices collapsed under the pressures of the 1982 recession and the arrival of molybdenum by-product production from copper mines. Molybdenum languished in the $1-$3 per lb range for more than two decades except for a short-lived spike in 1994-1995 related to a temporary mine shutdown. The world`s needs were amply met by Chinese production, several major North American primary molybdenum mines such as Endako and Henderson, and price-insensitive by-product production from North and South American copper mines. The sharp molybdenum price increase in 2004 to nearly $35/lb is due partly to a structural shift in demand, and partly due to processing bottlenecks. The industry consensus is that current prices are unsustainable for the simple reason that at this level an enormous portion of the in ground inventory of molybdenum is very economic and if developed would soon enough glut the market. In addition, existing molybdenum producers are not operating at capacity, and there is some suspicion that the price spike is due to forces similar to those which pushed American electricity prices through the roof in 2000. The conventional view is that prices will retreat sharply in 2005 as existing producers, particularly the primary molybdenum mines which have been operating below capacity, act to increase supply by processing higher grade material or moving to full capacity. Less clear is the price level at which molybdenum eventually stabilizes, which presents to the speculative juniors the question of whether to ignore the stunning price increase as a temporary aberration or to grab long abandoned known deposits or good exploration targets and promote the story that this time is different. One`s willingness to believe that long term prices higher than the historical average of the past decades lie ahead depends on the degree one believes that the economic revolution underway in Asia has staying power. I hold the view that MolyMania will catch on in 2005 much as UraMania did in 2004 and will result in substantial price increases for juniors with good pure molybdenum projects.


Although several exploration juniors have acquired known molybdenum deposits or interesting exploration plays which have attracted financings, their shares have not been swept up in a MolyMania resembling the UraMania that swept uranium juniors during 2004 when uranium prices doubled even though there are many similarities between the metals. Both the obscurity of molybdenum and the "flash-in-the-pan" perception (remember the tantalum "mania" of a few years ago?) are to blame. But the prevailing sentiment that molybdenum prices will soon collapse began to weaken in November. Larry Reaugh`s Adanac Moly Corp (AUA-V: $0.82), which 321Gold`s Bob Moriarty had written up in August (Good Golly, Miss Molly), began to get respect as it attracted a new round of financing in early December for its Ruby Creek deposit. Speculators began to do the math on the high grade molybdenum core within the Max deposit of Scott Broughton`s Roca Mines Ltd (ROK-V: $0.35). The Nithi Mountain prospect a few miles from Endako that Jim Davis had staked a year ago for Leeward Capital Corp (LWC-V: $0.34) started to attract inquiries from potential joint venture partners. A stricken bottom-fish called Patent Enforcement & Royalties Inc (PAL-V: $0.18 halted) was halted for a change of business when management gave up bankrolling lawsuits in favor of acquiring the Yorke-Hardy molybdenum deposit. Perhaps the best sign that molybdenum was tickling the market`s imagination came when Harry Barr sent El Nino Ventures Inc (ELN.H-V: $0.44) on a quest for moly plays. Lest anybody complain that this must mean the moly sure-thing siren is wailing too loudly for any serious bucks left to be made in this flavor-of-the-month, I should point out that El Nino is also acquiring a silver and a uranium play, a most positive sign of healthy uncertainty.

[KlingerP]

Leider habe ich zu Molybdän noch keine Zertis oder ähnliches finden können. Ehrlich gesagt würde ich hier s lieber in den Rohstoff direkt und nicht in Minen investieren (die finde ich sehr unübersichtlich...)

Aber mir ist schon klar, dass die Jagd nach der chancenreichsten Mine auch großen Spaß machen kann.
Mir leider nur etwas zu zeitaufwändig.


Schließlich wollte ich noch eine Marktmeinung von Jim Rogers loswerden.

Er erwartet dieses Jahr einen kurzen scharfen Einbruch
der Preise an den Rohstoffmärkten, ausgelöst durch kurzzeitigen Nachfragerückgang in China, langfristig ist er aber weiterhin sehr bullish, da Haussen an den Rohstoffmärkten bis zu 20 Jahren dauern.

Gruß, Klinger

[Informator]

@ Klinger

wie waers mit "Orchid kaufen", da ist auch viel Molybdaen drin, was noch niemand in den Wert miteinrechnet.

Von den $30 wird Moly wohl fallen, auf $5-10, dieser Preis war auch die Grundlage fuer die Berechnung, die ein Aussie auf dem hotcopper board angestellt hat und die ich hier irgendwo reinkopiert habe. Interessant, dass es zu diesem Preis immer noch ein Milliardenbetrag an Moly war!

[KlingerP]

Zu Orchid: Damit würde ich zunächst nicht Molybdän kaufen, sondern die vage Aussicht, dass O. einmal eine Erlaubnis bekommt, das zu fördern. Dasselbe wäre der Fall, würde ich in
die im `Mania` Artikel oben genannten Unternehmen investieren.

Diese JUnior-Explorer sind doch mehr oder weniger ein Glücksspiel, genau wie die meisten Biotechs.

Viele wedeln mit einem LoI für irgendwein Vorkommen rum, aber nur wenige dürfen nachher wirklich eine dicke `Gold`mine ausbeuten, und ob die dann in der Lage sind, damit Geld zu verdienen, ist auch noch fraglich.
Ich habe weder die Kompetenz noch die Zeit deren Versprechungen, Daten usw. zu prüfen.

Also da halte ich mich lieber an
- Den Rohstoff direkt, oder
- die `shovel and `boots` Lieferanten, oder
- Integrierte Verabeiter, die schon im Geschäft sind (und an denen sich große Unternehmen beteiligen)

Das soll dich natürlich nicht davon abhalten, dich zum
Hobbygeologen, -Metallurgen etc. fortzubilden und Minen zu vergleichen.

Hier noch ein paar Kupfer News (du weißt ja dass XSTRATA
gerade mit einer größeren Übernahme gescheitert ist.
Vielleicht profitieren jetzt davon ein paar kleinere Kupfer Minen, da XSTRATA viel Geld investieren kann.

Zunächst mal URL
http://au.biz.yahoo.com/050314/19/3peg.html
http://au.biz.yahoo.com/050125/30/32vm.html
Xstrata eyes a stake in new Australian copper mine

Monday March 14, 2005, 3:32 pm


SYDNEY, March 14 (Reuters) - Swiss-based Xstrata Plc. XTA.L said on Monday it will pay $4.7 million for a minority stake in Australian prospector Universal Resources Ltd.(ASX: URL.ax) .

The acquisition via a placement of 30 million Universal shares at 22 cents each, will give Xstrata a 13.2 percent stake and also gives it rights to acquire 51 percent of the Roseby copper deposits in the Mount Isa region.

Xstrata outbid an earlier offer made by Australia-listed Copper Co. Ltd. CUO.AX.

Its purchase is subject to control of Universal not passing to Copper Co.

Copper Co. launched a hostile A$23.8 million ($18.8 million) bid for Universal December 17, valuing the stock at 13.89 cents. Copper Co. holds about 18 percent of Universal`s issued stock, which is up 50 percent to 19.5 cents since Copper Co. pitched its bid.

($1=A$1.27)

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

Hier zu Oxiana (s.o.) http://au.biz.yahoo.com/050314/19/3pce.html
Monday March 14, 2005, 1:36 pm



SYDNEY, March 14 (Reuters) - Australia-listed miner Oxiana Ltd. (ASX: OXR.ax) said on Monday it had started copper cathode production at Laos`s only copper mine two weeks ahead of schedule.

The mine, designed to yield this year 30,000 tonnes of cathode, or metal plates, produced its first cathodes this week ahead of a March 31 target date, the company said. Production is to rise to an annual 60,000 tonnes in subsequent years,


Copper prices have climbed to 15-year highs of more than $3,200 a tonne thanks to growing demand in China and southeast Asia. Oxiana is among a handful of Australian prospectors digging in some of the area`s least-explored regions amid a worldwide boom in commodities prices.

Cathode from the project, located near the Cambodian border, will be sold in nearby Thailand, Vietnam, Malaysia and China, where customers were paying premiums of more than $100 a tonne above the benchmark London Metal Exchange copper price MCU3, Oxiana said.

Half the output is presold to Finnish mining group Outokumpu OUT1V.HE for use in regional plants, Oxiana said.

Oxiana, which also mines gold in Laos, last traded 2 percent higher at A$1.03, compared with a 0.5 percent gain in the broader overall market.

Fellow Australian miner Pan Australian Resources N.L. (ASX: PNA.ax) expects to start mining gold in Laos next year, while Kingsgate Consolidated N.L. (ASX: KCN.ax) is the sole gold miner in neighbouring Thailand.Ivanhoe Mines IVN.TO(ASX: IVN.ax) mines copper in Myanmar in partnership with the government.

($1=A$1.27)
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Gruß Klinger

[Informator]

man sollte mal einen Blick auf Corriente werfen, WKN 871464.

Listing: Kanada, Kupfervorkommen: Equador

Deren BFS duerfte in den naechsten Wochen erscheinen, und das koennte eine Kursverdoppelung ausloesen.

alle Analysten, dazu gehoert die kanadische Bank von Weltrang CIBC, sehen ein Kursziel von C$5-6, ein Plus von ca. 100%.

Corriente war in 2004 auch mal bei >C$5, die BFS hat sich aber verzoegert (nicht weil die Mine schlecht ist, sondern weil man die Bauplanung im Verlauf der BFS geaendert hat) und wurde gnadenlos abgestraft.

Interessant ist nicht nur ein corriente-Kauf, sondern auch der Vergleich mit Orchid, weil Corriente aehnliche Ausmasse hat (etwas kleiner als QuLong, und dies selbst wenn man den ganzen Corriente-Belt mit einbezieht), aber in einem fortgeschritterenem Stadium ist (BFS).

schaut in meinen Corriente Thread, die CIBC-Studie koennt ihr kostenlos herunterladen, das Lesen schaerft Euer Kupfer-Know How!

Durch solche Betrachtungen entwickelt man ein Feeling fuer die marktuebliche Bewertung in verschiedenen Entwicklungsstadien.

[Informator]

TETHYAN

ist ein Kupfer Junior, ASX-gelistet. Erinnert an Orchid. Tethyans Vorkommen sind etwas kleiner als ORC. Tethyan liegt aber im ueberlsten Winkel eines Hochrisikolandes, in Belutschistan, der Grenzprovinz Pakistans zu Afghanistan und Iran, das wo sichOsama angeblich versteckt und ihn keiner finden kann. Orchid dagegen im Investmnet-Grade-Land China (S&P / Moody`s), dem super-kupferhungrigen Drachen, mit hochliquidem einheimischen Finanzsystem.

Beide sind early stage, Tethyan ist lediglich bei der BFS fuer ein Teilprojekt, das etwa so gross ist wie Orchids JiaMa (10% von QuLong), wesentlich fortgeschrittener und kann ab 2008 produzieren.

Marktkap ist AU$80 Mio. Orchid ist AU$25 Mio. Orchid sollte m.E auch bei AU$80 Mio ligen, denn das etwas fortgeschrittere stadium des Teilprojektes sollte durch die Lenderrisiko und Finanzierungsmoeglichkeiten-Aspekte mindestens ausgeglichen werden.

Analysten empfehlen Tethyan mit fair value um 2,50 (derzeit 0,67), ca AU$300 Mio ziel-Marktkapitalisierung. Das zeigt, dass Orchid allein durch JiaMa sich vervielfachen kann, und mit QuLong um mehr als den Faktor 10.

Es gibt viel Detailinfo auf der website von Tethyan, incl. downloadbare Analystenreports.

[morchel]

Anvil Minings letzte News beachten!

Da frisst die Katze keinen Speck mehr!

morchel