Wednesday, January 30, 2013

Copper Fox - The Clock Starts Monday

With the official clock starting the count down to Teck's option call beginning on Monday you'd expect some volume on the stock. But, it's not happening. Not even the mention by the officials from BC at the Minerals Round Up was enough to move the needle.

The words of Teck's CEO and a string of announcements like http://www.foxbusiness.com/antofagasta-flat-copper-output-cash-costs-rising have not rallied the interest of investors in what will surely become a major source of copper in Canada. Trading at a mere 82 cents today with a lackluster volume currently of 38,000 shares gives the impression that no one knows this 10 billion pound behemoth exists.

It's expected that news of the clock starting will be met with the same enthusiasm as CCY who is struggling to maintain 6 cents. While these projects are miles apart in size and the concentrates that will come out of them surely triggering an option clock should garner attention? Alas, no.

Teck has a history of taking about 30 days to make its move. No one I know thinks there's any rush to buy in. So it begs the question, does the market really think there's no future value here? Does the market think this won't even rate a $1? That would be a 20% gain and no one wants it? Wow.

Perhaps the price is sustained by the insiders and long and the market thinks this is worth less? I've provided a lot of information to suggest otherwise. Antofagasta visited the mountain a few years back and were not discouraged by what they saw. They are one of the best companies out there and are to be included in the ranks of Newmont.

If Teck doesn't back in I suspect 3 majors will step out of the shadows and this will make things really interesting. If Teck does back in I still think a major will approach just because of all the drilling money that will be in hand.

It is perhaps the idea that until the BFS items are addressed and the Teck option is known that the sp will not perform and no suitors will come. This thinking is flawed. There probably won't be time to react.    

Monday, January 28, 2013

BML.v Barker Minerals Message from the Pres

In its entirety:


During the past year Barker has taken advantage of the lull in the resource sector, to prepare the Company for the anticipated next leg up in the bull market, through strategic corporate planning and by preparing key high potential exploration projects for the next phases of exploration.
2012 exploration field work was kept to a minimum, except, at the Frank Creek and Black Bear projects where drilling related activities occurred.
Although Kuroko style precious and base metal massive sulphides are the primary target at Frank Creek, a new significant gold discovery was announced in January which included an impressive intercept of 3.8 g/t gold over 22 metres. Frank Creek has drawn deserved attention from major companies and governments around the world and in 2012 property visits were conducted by a number of major entities for the purpose of evaluating the property for a possible joint venture partnership. Should any discussions lead to a letter of intent or memorandum of understanding it will be disclosed in a news release at that time.

Exploration activities in 2013 are expected to follow up from this
important gold discovery as well as to continue testing the high potential VMS targets defined from past programs. Barker completed initial drilling on the Black Bear project in 2012 which resulted in the discovery of a potential gold environment. Approximately 845 metres was drilled in 4 holes with all holes intercepting gold pathfinders in a favorable
geological environment for gold deposition. All drill holes will be sampled by XRF analysis to characterize the holes and to determine which portions to send for accredited lab analysis. Drilling activities have been suspended for the winter season and are expected to resume early in the spring as weather permits.
 
The Company’s purchase of a drill and XRF has already saved a significant amount of money and has aided in the discovery of gold at Frank Creek and identifying a large hydrothermal system on the Black Bear project with high potential for gold.

This past year much effort was spent in the continued cultivation of important contacts in the government, mining and investment communities as well as with individual investors.

High grade gold/silver/copper/zinc were discovered in float on the Spanish Creek project near (approximately 10km) the
recently released multi-million ounce gold resource of Spanish Mountain Gold.

During 2012, a scientific study of the mantle rock was initiated on the Tasse project which was co-sponsored by Barker and the Canadian Government. This study is being completed to help create a better geological understanding of the basement rocks at Tasse and to determine if diamond indicators or diamonds may be present. The results will be
announced once received by Barker.

During the field season, entities from Australia and the United States conducted property visits to the Cariboo Zinc project and the Black Bear silver/gold/lead project to evaluate the potential for 10,000 tonne bulk samples at each project.  After the visits, it was determined that the Company and our potential bulk sample partners should proceed to the next step in evaluating the bulk sample viabilities of each project. Samples were taken by the potential partners for metallurgical and grade potential purposes. Discussions with potential buyers of the bulk sample metals have initially returned positive responses and it appears the market exists to accept our bulk sample material if we choose to go forward. The process, of ensuring proper permits are in place, is underway and logistics and permitting for shipping and transportation are also being studied and determined.  On the Cariboo project the high grade mineralization is on surface and would be extracted by blasting and crushing to the desired shipping size on site. On the Black Bear project the high grade mineralization is in laddered veins and a bulk

PRESIDENT’S MESSAGE
December 2012 BML-TSX-V

BML.v Busts Fraudster Brokers

It was only a matter of time before the brokers would hang themselves out to dry. I know of sooo many companies who are manipulated and bashed that you would have the right to expect actions by the regulators. But, you'd be wrong. It's gotten right out of hand.

Some people even suspect the frauds extend right into the assay companies themselves! Anything to defraud the little guy out of business so his deposit can be stolen. Just how much does the defense cost? How are they supposed to be able to afford to sue?

Last week Barker Minerals received it's long running updated report of the securities frauds that have been perpetrated against them. If you are wondering why they been under such a heavy attack you need to read up on what they found on their various properties.

Show your support. I bought 900 this morning.

I've finished my diligence and suggest that you READ THIS:

http://www.barkerminerals.com/s/NewsReleases.asp?ReportID=567797&_Type=Company-News&_Title=Barker-Minerals-Ltd.-Reports-Dr.-Susanne-Trimbaths-STP-Advisory-Services-LL...

Email your securities regulator and demand action today.

Friday, January 25, 2013

Home Depot tries to counter attack

More on Home Depot:
It should come as no surprise that the day after posting a warning about the consumer sentiment there was a sudden upswing in the praise content. The problem is that it is shallow and easy to spot. They are fakes! Here's an index they can't get to quickly. See below. I would not be surprised to see this change rapidly. (So I'm not going to list the site).

Overall Satisfaction Rating
  • 5 stars(3)
    4%
  • 4 stars(0)
    0%
  • 3 stars(1)
    1%
  • 2 stars(13)
    16%
  • 1 stars(62)
    78%
based on 263 reviews and 79 ratings
Here's a typical basher rebuttal:
So let me get this straight GURU, you're late on your bill and Home Depot is calling to get paid? The issue is you not Home Depot. It's you not paying them on-time like a responsible businessman would. Claiming to be a GURU makes you sound like a total tool. I also have my doubts it's Home Depot calling you. All major retail stores credit systems are outsourced to a specific bank. However, being a guru one would think you would know such things. From my research Citi Bank owns the Home Depot Credit card. Wal-Mart outsources to GE Capital Retail Bank. Look into Menards/Lowes/Target MR Guru and you will find they're all outsourced to specific banks as well. Those banks are the ones responsible for calling you and collect 100% of the profit from interest. Store specific credit lines are offered by all major retail stores to guarantee repeat business. I highly suggest if you're going to complain about this issue you should be complaining about Citi Bank not Home Depot. I also suggest you take personal responsibility for it. PAY YOUR BILLS ON TIME FOOL.

You'll all recognize the pattern. Attack the person. Resort to name calling. Belittle. Discredit. Obfuscate. Blame someone else! Omit and last, LIE! If you had read the complaint you'd notice the rebutter does not cite any of the facts. Home Depot was calling before the bill showed up. You'll notice they do not take any responsibility for HD. It's the bank dummy! HD is not responsible for anything and the buck doesn't stop with them. This despite the fact that the callers identify themselves as HD reps.

What these idiots don't realize is that us in the investor world are completely familiar with these tactics. In particular, this idiot doesn't realize that I made myself fully aware of the facts before I posted. It was my research the led me to test the waters. Now I have proof positive of the culture behind the actions that lead to these kinds of complaints.

This isn't the bank. Far from it. This is 100% HD. You do not see them apologizing for it nor do they try to make it right. That makes me think this brain child is direct for the BoD. And, that folks, is something I won't invest in.

Instead of using these trying times to build long term loyalty they are fanning the flames as fast as they can. Max the profit today and pay for it tomorrow. I can't wait for them to try attack my blog. I'll be sure to report on that.

Thursday, January 24, 2013

CAN.v Is Red Back really back?

Will we be doing the Charleston or the Can-Can?


1.78 
1.28 
0.78 
 Jan 27, 2012Jan 23, 2013



From Peter Koven: http://business.financialpost.com/2012/12/17/red-back-team-swallows-canaco-in-reverse-takeover-shifts-focus-to-sudan/
Also this one is worth noting and may have a lot to do with the change of sentiment: http://www.reuters.com/finance/stocks/CAN.V/key-developments/article/2660910
And then this to back it up: http://news.canaco.ca/press-releases/canaco-receives-initial-drill-results-from-shark-f-tsx-venture-can-201301220848097003

Now I don't normally even look at countries with dictators who are wanted in the Hague. If there's a rope awaiting them that's usually a bad sign. However, We know Red Back.

A big question is: Can the CAN hold it's value after the consolidation? There's a lot of speculation that it won't unless something galvanizes the share holders. The names behind it are not enough. Generally when a company consolidates and spins off a portion the sp does not hold up. It take some solid news to get it going in the right direction.

I'm putting this one on my radar for reasons. One is obviously the team. Another is that they have done what they said they would do. And a third, I like the Shark data. Yes, I have a long long list of dislikes so this one will be in the pure speculation department for now.



Home Depot Warning

I'm not confident this stock will continue going up. Sure there is a need for supplies to rebuild in the USA and the Canadian market is still puttering along but when you google reviews there is a brewing discontent coming from their base. To me that is always a worrying sign.

When I research a company I always look at the base. What I am not seeing are lots of glowing reports. Instead the majority are coming from people who are very unhappy. The anger is spread out over the full spectrum of their business. Everything from service in the stores and I can attest to that one, to product, warranties, and financial services. This was not like that 2 years ago.

Even more troubling (Copied verbatim):
WARNING! WARNING! WARNING! BEWARE OF HOME DEPOT IN HOME INSTALLATION SERVICES! Please don't just take my word for it. I found these when I was going through *** with Homedepot when they tried to ripp me off on a couple of installations and my elderly mom who is 82 yrs old. 
http://www.youtube.com/watch?v=nFtspAIsOqs
http://www.youtube.com/watch?v=4lEHsspqIfk
If an average handyman or contractor tried to do Home Depot tried to do to me, that contractor would most likely lose their licenses and possibly be brought up on contractor fraud charges. Unfortunately they have a lot of protection with a name Home Depot and shady policys that keep them leaning over the line with out crossing it as far as a court of law may be concerned. But be very careful with them. Luckily they did not succeed in ripping me off but they came close and if I did not know better about building and materials I would have been a victim
Shame on them. If you are a contractor BOYCOT them because now they are a competitor. If your just doing work around your house BOYCOT them for ripping off innocent people.They may try to sell you a roof if you don't need one. They may try to do the bait and switch tactic and get you in on one price and charge the *** out of you for any prep work. They will try to get you to pay for prep work to be done when in fact you don't need the work done. They skip out on taking any responsibility for thesefraudulent actions by saying that they use subcontactors. But really they are hired through Home Depot are paid by Home Depot, and recieve training by Home Depot so really their subcontractors are just their so the company doesn't have to take responsibility. 
My advice to anyone is forget about using the kitchen designers to plan your cabinets in kitchens. Good chance they will get the dimensions wrong and/or screw up your order at least once if your lucky. The quality of the materials and merchandise at the Home Depot now sells has slowly but consistently gotten worse. Good luck finding someone who's actually knowledgeable about anything in the department there working. There are a few, but just a few. Don't rely on the website or rely on calling the store prior to going there to check if an item is in stock. The inventory is constantly screwed up. Good chance if you ask an employee to physically go and check to see if the items on the shelf they will lie to you and say it is, when really all they do is look on the computer. The only time you will get any kind of satisfactory customer service is when the district managers are in town. There is at least one condescending arrogant know it all in each department whose knowledge is mediocre at best. Also if you buy something on special order and go there to pick it up they say to call two hours prior to arriving so they could get the order together. Never once have they had the order ready when I had got there. Most times the order was combined with somebody else's order or missing items in my order. 

I could post an array of comments like this that would make you think twice about buying this stock. I also have my own personal experiences that suggest the company is pushing the edge of reason to get the most out of everything that they can. While this is good for the moment it heralds a catastrophe to come. Does anyone remember what TD Bank did to it's customers a decade ago? It got so bad that they had to join with another bank with real hours of service just to try rebrand itself.

Home Depot is crapping on its customers now. How long will it take before the backlash sets in? In my experience, see above, it will probably play out by the end of this year. Once it sets in it's very hard to reverse. Canadian Tire tried the TD route too. If you remember, you couldn't find a rep in a store to save your life. We all saw what that did.

I'm putting the warning out on this stock today. There is an alarming rise in the number of complaints. If you take the time to read many of them you will notice the severity of the anger is growing. In my opinion the company thinks it can get away with these abuses because of the nature of the demand situation. The problem with this is that history has taught us is that a buck today can cost you five tomorrow.


Wednesday, January 23, 2013

Copper Fox 1st Offer Window Nears

As the company draws closer to the official BFS filing date Teck has a window to make an offer. It doesn't surprise me that a small group of investors shook the tree this morning (again). They have a rather large short position. Their idea is simple, try to cause fear. People who know the official filing is coming see the sp drop suddenly without reason should begin to question what's going on. In this case the BFS is rock bottom bare bones. They suspect Teck may make an offer and want to create a large difference between the sp and the offer price. The more the price drops the lower the offer should be based on 30 day averages.

This won't make a hill of beans! See below:


Summary of Economic Results
ItemUnitBase Case3-Y Avg* CaseSpot Price** CaseReal Options Case
Metal Price
CopperUS$/lb3.253.633.693.25
GoldUS$/oz1,445.001,445.001,736.001,445.00
SilverUS$/oz27.7427.7432.7127.74
MolybdenumUS$/lb14.6414.6411.3414.64
Exchange RateUS:Cdn0.970.991.020.97
Pre-tax Economic Results
Operating Cash FlowCDN$ M10,74612,06512,16111,284
NPV (at 5%)CDN$ M1,6942,3482,4192,665
NPV (at 8%)CDN$ M5139671,0241,382
NPV (at 10%)CDN$ M25388437836
IRR%10.1311.912.1415.4
PaybackYears6.485.815.74.9
Cash Cost/lb CuCDN$/lb1.151.191.121.15
Total Cost/lb CuCDN$/lb2.092.142.072.09
Avg Annual operating Cash Flow***Millions371414425640


Let's look at the ROV at 5%. This is the real world evaluation of operations.   The chart calls for a NPV of $2.66 billion. Due to the scale of the operation IRRs at 15% are actually very good. This demonstrates the very long term nature of the project. To go that long you have to be huge. But, more important to us is what the after tax figures look like so here's the chart.
Base Case and ROV (Case 4) after-tax economic results are:

After Tax Economic Results
DescriptionBase CaseROV Case
Net Cash Flow (CDN$ million)4,2705,133
Discounted Cash Flow NPV (CDN$ million) at 5%9561,260
Discounted Cash Flow NPV (CDN$ million) at 8%67529
Payback (years from start of mill operations)6.85.7
IRR (%)8.312.7


The NPV at 5% is $1.26 billion. Oh, and why do I say use the 5% model? No mine is valued at 8% after derisking and just prior to the start of operation. That's just not how a mine is evaluated on paper. Once we have actual figures we expect them to be very close to the actual calculated annual figures. Not discounted! Highland Valley is a good example as the CEO (Elmer) tells us. If they valued it under discounted cash flow it would currently be worth ZERO.

In our case the real world figure if converted to gold at $1700/oz would mean a production of about 750,000 ounces a year after tax. That would mean cuu's share at full back in would be about 190,000 ounces. But, let's not forget that cuu will own about a 5% royalty that comes off the top. That's $63 million after tax dollars. Yes, it kicks in when the cap is paid off but then it's there for a minimum of a decade. Let's call it $630 million. But as we all know, the resources will get expanded and it sure looks like they will be mining this for 50 years. But 10 years of royalty is a known so let's just keep it there.

So, cuu has about 25% of the ATNPV and 5% off the top. $315 million NPV and in time $63 million for royalties. $5.355 Billion plus $630 million LOM. That's $6 billion LOM after tax! That's $14 a share LOM.
There's a number of things that also have to be accounted for. This assumes Teck pays the 4 times expenses to get its 75%. So about $400 million can go to expand the resources or it could even be used to pay down the capex. Then, Teck has to finance the project at a spread of 2% and that's pretty good for cuu considering what it would cost if they had to go get their portion of the money. The interest spread is substantial.

We also know that the real recoveries are higher than those stated and cuu says that can be improved. I've heard they could improve it by 6%. That's a lot LOM. As in that makes a huge difference. There's about 7 anomalies that drills proved (on a couple) have a 1 to 1 correlation with what's already proven. Those need work. One in particular has higher silver grades. We also know from the starter pit that there's another deposit under it. At 800 meters, we will have to figure out exactly how to get at those high grades. That will come in time.

Last, is the waste rock. There are enough historical holes to give us a pretty good idea what cash flow we can expect from what is now classified as waste. You saw the results in the NR from the limited data and that was outstanding. It's not really waste. I'm not going to do up my spec numbers for it. I just want to build a case for my idea of value. Lastly, the BFS was for just 1/2 of the deposit!

If we asked for 33% of the LOM value it's about $4.60 before waste conversion. Then add a $1 for the contract and you get a tidy $5.60 per share based off the lowest case info. Add in all the other factors and you get...

Now lets suppose Teck takes 20% just to keep a toe hold on the property. This makes sense over just taking the royalty since they also own 1/2 of Galore Creek. (Why build 2 air strips, 2 fuel depots etc). Now what are we worth with a much much larger royalty and 80% of the NPV?

You do the math.




Tuesday, January 22, 2013

The Curious Case of Curis Resourses

Here's a highly profitable proposal that's just got one of its permits in place.

But...
http://www.protectourwaterourfuture.com/
They have survived an inglorious attack of paid protests and hillbilly politics. There's been trumped up land battles and claims against the company for the protection of water rights and the list goes on and on. Yet, they got their permits. This included, drilling and mapping water underground, verifying the water bed protection layer and a whole host of other testing. While it's try that we don't know what will happen 100 years from now the same can be said for all mines.

In the past I warned that no one in their right mind should touch this stock. The hillbilly politics is a story all of it's own. I had a friend there check out the local gossip and could write a small book on it that would have you rolling on the floor. I would go so far as to say that it would contain spy novel intrigue but you can judge for yourselves. http://www.newswire.ca/en/story/1013685/curis-resources-announces-former-director-of-arizona-department-of-water-resources-joins-the-company-as-key-leader-of-arizona-operations

Then came the bloggers and bull board bashers. I won't post their links here because a few of them contain seriously foul language. One in particular appears to contain facts that if correct will scuttle the project. I'm not a chemist so I can't verify the claims by this certain blogger. They cite a number of documents and legal claims to back up their claims.  http://www.courthousenews.com/2012/09/25/50605.htm

The problem with all of this is too much information. It's becoming hard to ascertain what is trumped up and what is fact. I do not agree that this company behaved in a very Canadian way. I have not changed my position on this. Instead of transparency and engaging the public potentially effected by the operation they tried an end run around the people. Their chart show the results. Before they peaked I was advising a sell and run strategy.

What's changed? Not very much except that they will get to test and prove the technology. This news is the cause behind the rebound. Should it prove to be safe this stock will take off hard and fast. At the root of the Phoenix like recovery will be the economic case. This will be one of the most profitable copper mines in the world. At today's prices there's a very good chance of making 5 times your money. But, at today's prices there's substantial risk of a blow out costing serious losses.

I'm listing this one on the basis that the technology needs a chance to be proven. I plan to keep an eye on it because I know that with lots of rinsing sulfuric acid's ph can be lowered to back ground levels fairly quickly. One will have to pay a lot of attention to the technical documents.

Monday, January 21, 2013

HPY.v Shows us more

It was nice to see their new results after a nice break.What we are seeing here is a nice near surface deposit beginning to take shape. The copper equivalent shows what looks like a decent economic deposit. Refer to: http://www.happycreekminerals.com/s/Image.asp?i=photos/Rateria-New/Website-HV2-map2011.jpg&id=456291  You can see the relationship between Zone 1 and 2. The company should have an update map of the drill locations soon. Refer here for a better table of results: http://www.happycreekminerals.com/i/pdf/RateriaDDH-Summary.pdf

If you've been following Gold Reach and Copper Fox then you have something to compare these results to. You'll notice they are stepping across their deposits to a depth of about 350 meters. Of note is the formation of the mineralization.

"The mineralized zone is comprised of predominantly bornite, chalcocite, chalcopyrite (copper sulphides) and variable concentrations of molybdenite that are associated with k-feldspar and quartz-sericite alteration."

This stock falls into the category of way under valued. They have a collection of properties that far exceed the value of the sunk costs. Because this is still very early in the process no one is paying attention. People are still looking for glory hole news when the world is telling us that glory holes have been on the decline for a couple of decades.

I think that these styles of deposits just don't attract attention and the good value goes unnoticed until it's bought out and the majority of people miss the boat. This company's spread of properties dictates that it will have to develop them incrementally. Due to the slow build up you have to be in early.


Happy Creek drills 152.5 metres of 0.35% copper, 0.57 g/t rhenium at Rateria, Highland Valley, B.C.
(via Thenewswire.ca)
January 14, 2013 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V:HPY, the "Company") is pleased to announce drill results from its 100% owned Rateria property, located in the Highland Valley district, south central British Columbia (B.C.), Canada. Teck's Highland Valley Copper (HVC) mine is Canada's largest copper producer. On the Rateria property, Happy Creek has discovered two new copper zones located approximately 6.5 kilometres south-southeast of a producing open pit.
In late November, 2012, the Company drilled two holes in Zone 2. R12-01 (090/-60 degrees) is located 60 metres north of R11-36 (152.5 metres of 0.26% copper, 0.67 g/t rhenium). R12-02 (090/-60 degrees) is located approximately 380 metres south of R12-01 and 150 metres west of R08-05 (126.0 metres of 0.46% copper, 0.10 g/t gold).
New drill results from Zone 2 include R12-01 with 92.8 metres of 0.30% copper, 0.15 g/t gold starting from bedrock surface and the zone remains open in extent. R12-02 returned 152.5 metres of 0.35% copper and 0.57 g/t rhenium, including 32.5 metres of 0.91% copper, 0.010 % molybdenum, 4.0 g/t silver, 0.11 g/t gold and 1.83 g/t rhenium.
2012 Drilling Summary from Zone 2
 --------------------------------------------------
 |Hole    |From |To   |Interval|Cu  |Ag |Au  |Re  |
 |------------------------------------------------|
 |        |(m)  |(m)  |(m)     |%   |g/t|g/t |g/t |
 |------------------------------------------------|
 |R12-01  |12.2 |105.0|92.8    |0.30|1.5|0.15|0.02|
 |------------------------------------------------|
 |includes|60.0 |72.5 |12.5    |0.63|3.2|0.66|0.01|
 |------------------------------------------------|
 |R12-02  |172.5|325.0|152.5   |0.35|1.7|0.06|0.57|
 |------------------------------------------------|
 |includes|182.5|215.0|32.5    |0.91|4.0|0.11|1.83|
 --------------------------------------------------
David Blann, President and CEO of Happy Creek states: "Zone 2 continues to expand with positive results that are near surface and located about 6.5 kilometres from a producing open pit. The strong rhenium enrichment and gold values could increase the potential value, and metallurgical tests are planned. We are pleased with the new results from this zone and believe it is an important addition to the Company's assets."
Beyond the core intervals shown in the table above, F12-01 also returned 2.5 metres containing 0.029% molybdenum and 3.0 g/t rhenium starting at 192.5 metres. Other samples returned 0.10 to 0.12% copper near the end of the hole at 237.5 metres where the final sample contains 0.019% molybdenum. With mineralization occurring in the first and last sample, the width of the zone remains open in extent in several directions.
Higher grade intervals in R12-02 include 2.5 metres containing 0.93% copper, 1.03 g/t gold, 5.5 g/t silver, 0.024% molybdenum and 3.38 g/t rhenium. Overall, F12-02 contains 257.3 metres of 0.23% copper starting at 70.0 metres. Approximately four hundred metres to the northeast, drill hole R10-7 intersected 40.0 metres grading 0.32% copper, 0.12 g/t gold and 0.12 g/t rhenium near the end of the hole.
Drilling at Zone 2 has returned elevated to substantial copper, molybdenum, gold, silver and rhenium values within an area approximately 1.0 kilometre by 600 metres in dimension and to a depth of at least 350 metres, and remains undefined and open in extent. The mineralized zone is comprised of predominantly bornite, chalcocite, chalcopyrite (copper sulphides) and variable concentrations of molybdenite that are associated with k-feldspar and quartz-sericite alteration. Pyrite (iron sulphide) content is very low.
Rhenium occurs with molybdenum in porphyry copper deposits and is a rare metal used to strengthen stainless steel for very high temperature conditions and prices range from around US$4,000 to $9,000 per kilogram. Drill core intervals in Zone 2 contain relatively high rhenium enrichment in the molybdenite with calculated values ranging from around 4 to 10 kg Re per tonne molybdenite (refer to news release June 11, 2012).
Plans for Zone 2 include drilling to define and expand the mineralized zone, and metallurgical work. Mineralology and metallurgy provide valuable information on the nature and character of the mineralization and its potential to produce a commercially salable concentrate product. Results of metallurgical work performed on Zone 1 are pending.

Sunday, January 13, 2013

Jrs Politics Social Engineering.

First, read this:
financialpost.com/2013/01/11/junior-mining-sector-being-decimated

Last year I wrote a bit about this subject highlighting the need to stop the interference caused by HFT. Obviously, nothing has been done and nothing will be done. The governments and the banks are behind this and they intend to damage it. On top of this you have ETFs sucking the life blood out of the sector.

“We wonder why large trading institutions are allowed to impact junior mining stocks with high-frequency trading and also receive trading credits [under the so-called maker-taker model] from the TSX in return for placing bids,” he asks.

As you can see, this isn't an accidental outcome as a result of a poor policy.

The 57-year-old, who started IntercontinentalExchange 12 years ago after a career in the electric-power industry, opposes paying incentives to lure big traders onto stock exchanges, a widespread practice that exchange officials say is necessary to keep their markets in motion. Mr. Sprecher also objects to the dispersion of stock trading across scores of exchanges and private markets, a trend embraced by banks and trading firms that earn profits by trading shares away from exchanges.

Mr. Sprecher also has criticized the common practice by the NYSE and other U.S. stock exchanges of paying incentives to traders that are active buyers and sellers of securities. The exchanges say they pay such rebates to help ensure that there are traders to take the other side of orders placed by mutual funds or individual investors.

Paying these incentives has fostered a system that encourages some traders to heavily buy and sell without much concern for holding a given stock—making such traders more likely to abandon markets when conditions turn volatile, Mr. Sprecher said in Chicago last year.

Something has to be done about this. You're hearing more and more desperate pleas that are falling on deaf ears. Your governments want shortages. Like printing money and monkeying with interest rates, interfering with the Jrs will cause boom and bust cycles. They are not even interested in generating a patronage model. They want chaos.

A large part of the plan requires that they all work together to create uncertainty. This drives out the retail because it was tough enough to make a buck while trying to figure out the deposits and enviro conditions that go with the territory. Now add banks with giant funds and HFTs that can front run the exchanges and it quickly becomes obvious what the outcome will be.

These tactics are not just aimed at Jr mining. There is a much bigger social engineering plot at work but I won't have the time to go into it. I can just barely scratch the surface. (See the bottom of this post) Pay for your gas before it's pumped belongs to the Nazi regime of old. It is social engineering 101. Bounce the price of groceries around so people can't keep track and therefore, never know when a deal is really a deal. The tainted beef scandal is another good example. Our government knew about it long before we did. So what did the company do you ask? They put the beef on sale 2 for 1 for weeks before announcing that they potentially sold poison. Our government was behind that.

If any of you think this is non-sense. I'm sorry but your an idiot or you can't read. Our beef was banned in other places weeks before the public was notified. Anyone who expects anything that might level any field in the coming decade is fooling themselves. It's going to get a whole lot worse. "To date Elizabeth May, leader of the Green Party, is the only politician demanding an emergency debate in parliament on a treaty that will deliver "reduced sovereignty" and "reduced democracy" and all "for more Chinese ownership of Canada's resources." The NDP now echo her concerns."  Chairman-Harper-Article  The NDP are only doing that because they got caught trying to conceal it from you. When I last wrote about it I said that not one person mentioned it in the house aside from May because they were all in on it. Do you believe they didn't know that was going on for months?

We pay lawyers to lie for us and we pay governments to lie to us. Who is responsible for this? Simple, the voters.

BC is about to go NDP. This is going to wipe out the Province for another decade. I've been heckled over this statement for some time now. All the cries of "they won't slit their own throats" is utter non-sense. Look into the history. In BC we have 2 parties. One sells us out and the other shuts us down. BC will not consider the third and fourth options. When you combine that with the conditions the Jr sector finds itself in now you can see that more than half will not survive here.

What does all this mean? It means you have to be out of the Jr companies in BC before the Election. Alternatively, you'll need a long term strategy. So you'll really have to do your homework on the enviro issues to make certain your Jr will be unopposed. Any other investment in mining must have their enviro permits plan at an advanced stage. This is going to be critical. In addition the company will need a lot of cash. If they don't have cash they will need a patron like a major or a billionaire like Copper Fox has. Everything else is going to be crushed out of existence.

Here's a lie: "Mining was one of the focuses of today’s sessions at the Natural Resource Forum. There some concerns expressed within the industry about the fate of mining with greater NDP influence in Victoria, following the provincial election in May. But, Independent MLA for Cariboo North, Bob Simpson, feels NDP leader Adrian Dix is “desperate” to hold onto a leadership for an entire term for the first time in BC’s history. He feels that may make Dix far more open to industry, including mining." Bob is one of the people who helped get us here. Then he left the NDP to try to appear independent so he could comment on the election while supporting the NDP and you're supposed to believe him!

In case you don't know this, there has been a bit of a rush to sell off more expensive homes in favour of low rent homes by us guys who rent to people. We all know what a welfare Province BC is about to become and we are gearing up for low income renting. Yes, the North will boom and be full of Chinese and American workers who live in camps and don't spend a dime here. The Province is already setting up special tax exemptions for them so there's even more pressure to not hire Canadians.

"The fix is in, as 350 Canadians applied for these jobs at HD Mining and not one qualified. One of the qualifiers is that you have to speak Mandarin."
http://www.langleytimes.com/opinion/letters/184704911.html

I know this has been all over the internet and in the papers but it's worth the mention here too. I'm repeating it for the people of BC so they can understand what they are about to do to themselves for about the 10th time.

"Christy Clark is on the radio telling us in millions of dollars worth of ads how wonderful her jobs program is, while you stand in the unemployment line, looking like a Dr. Seuss character."

For those who say "you listed BC as a mining friendly place" Yes I did. That is the current status. But after the election you will have to ride with the companies that are the "ins". When the NDP get in it becomes a different old boys club. Not to say less mafia just different mafioso. The NDP always hid their connections behind the scenes and people only found out when casino licenses were handed out for lavish deck additions on houses. Unlike the current Liberals who steal right in front of the people's face. They of course take the attitude that if the people are that stupid why hide it? Things will change here, it will be friendly for a different group.

Now just for the record I'm not calling all the people of BC stupid, just the majority. So the 5 or 10% of us with a brain really don't count for much. And so, the course of the next decade is outlined clearly above.

I know this doesn't paint a pretty picture and there's an awful lot of this going on. You can see it in the crazy laws passed at the local level all the way up to mass shootings in the USA. It's social engineering and it's getting hard to deny. Take the last school shooting. The news kept showing a hot chick's rear end as she walked away over and over. The focus of the frame was her backside. What message were they trying to convey? Shootings are sexy?

Here's some pieces done by private citizens. Over time I'll be investigating ways to make profits by knowing what social changes are being implemented. Even if not one word of what is below is true it still reflects what people think and they will gravitate towards activities that represent their beliefs.

"This always has been and always will be the future of mankind."

Youtube - Is this real? (30 mins)

http://www.infowars.com/what-are-mass-murder-pills/

The article below is being passed around on Facebook:



DRUGS That Doctors prescribe, could they cause all this mayhem?
A little lengthy but a interesting read. But give it you best shot for understanding!


Prominent rifle manufacturer killed in mysterious car crash days after posting psych drug link to school shooters

Thursday, January 10, 2013
by Mike Adams, the Health Ranger
Editor of Natural News.com

(Natural News) What you are about to read is astonishing. I'm not even sure what's the right conclusion to draw from it. But here's what we know so far:

John Noveske is one of the most celebrated battle rifle manufacturers in America. His rifles, found at www.NoveskeRifleworks.com are widely recognized as some of the finest pieces of American-made hardware ever created. (I own one of his rifles, and it's a masterpiece of a machine that just keeps on running.) Sadly, John Noveske was killed in a mysterious car crash just a few days ago, on January 4, 2013.

According to the Outdoor Wire, his car "traveled across the oncoming lane onto the dirt highway shoulder until it struck two large boulders. The vehicle rolled and Mr. Noveske was ejected."

But barely a week before this incident, John Noveske posted a lengthy, detailed post on Facebook that listed all the school shootings tied to psychiatric drugs. At the end of the post, he asked, "What drugs was Adam Peter Lanza on?"

That was the last post he ever made. (Full text below.)

Mysterious death during gun control debate raises questions
John Noveske wasn't the first prominent gun rights supporter to be killed in the last few days. Keith Ratliff, the creator of a super-popular YouTube channel featuring videos of exotic weapons, was also recently found dead.

The Daily Mail reports that Ratliff was "discovered on a rural road in Carnesville, Georgia. Ratliff had a single gunshot wound the head and police are treating his death as a homicide."

Someone murdered Ratliff, in other words, and it had to be someone with the ability to get close enough to Ratliff to take him out without warning.

Beyond these two shootings, the widely-discredited CNN journalist Piers Morgan, wanted for questioning in Britain's Daily Mirror phone hacking scandal, invited guests onto his show who threatened Alex Jones' children and laughed about the idea of Piers Morgan shooting Alex Jones with an AR-15.

That astonishing video interview is available at:
www.infowars.com/veiled-threat-piers-morgan-guest-says-shoot-...

Steve Quayle, creator of SteveQuayle.com, says "the red list is on!" This refers to the so-called "red list" -- a secret kill list of Americans authorized by Obama and designed to be invoked immediately before an attempted radical leftist takeover of the nation. In support of this theory, Obama himself actually signed into law the NDAA which authorizes secret assassinations of U.S. citizens on U.S. soil.

Instead of the red list being "conspiracy theory," it appears to be a key component of Obama's domestic policy.

Beyond coincidence: Pieces of the puzzle rapidly coming together
Sure, a car crash involving John Noveske could be a coincidence. It could also be a coincidence that no video footage has been released from Sandy Hook showing Adam Lanza carrying any rifle whatsoever.

It might also be a coincidence that Dianne Feinstein just happened to have her detailed gun confiscation bill ready to release immediately following the Sandy Hook shooting.

It might also be a total coincidence that according to Google.com, the United Way Sandy Hook donation support page was created on December 11, 2012 -- a full three days before the shooting took place.

It could also be a total coincidence that NBC News reported Adam Lanza's AR-15 rifle was left in his car and was never used in the shooting at all.

I suppose it could be a coincidence that Bank of America slammed home an economic embargo against an online gun parts retailer in the days following the Sandy Hook shooting.

And it could be coincidence that Facebook suspended or shut down the accounts of hundreds of prominent people who advocated the Second Amendment, including our account here at Natural News.

And finally, it could be a total coincidence that police radio recordings seem to indicate there were multiple shooters involved in Sandy Hook.

But what are the odds of ALL of these coincidences existing simultaneously? Those odds are virtually zero.

Something's fishy with all this. It's becoming increasingly apparent that an order has come down from the very top to destroy, silence, threaten or execute true American patriots. Steve Quayle has long predicted this would be the very first step before foreign troops are unleashed on American soil to take over the country and deliver it, just as Obama has always planned, into the hands of the globalist crime syndicate.

It all sounds outrageous, I admit, and I'm not even sure what to believe myself. But it's becoming more difficult by the day to deny actual events happening right before our eyes. Believe what you will, but don't be surprised if people like Steve Quayle and Alex Jones were right all along. If we see any more mysterious deaths of prominent gun advocates, it going to raise huge red flags across the patriot community.

Read John Noveske's last Facebook post
This is the last post John Noveske made on his Facebook page before he was killed:

Eric Harris age 17 (first on Zoloft then Luvox) and Dylan Klebold aged 18 (Columbine school shooting in Littleton, Colorado), killed 12 students and 1 teacher, and wounded 23 others, before killing themselves. Klebold's medical records have never been made available to the public.

Jeff Weise, age 16, had been prescribed 60 mg/day of Prozac (three times the average starting dose for adults!) when he shot his grandfather, his grandfather's girlfriend and many fellow students at Red Lake, Minnesota. He then shot himself. 10 dead, 12 wounded.

Cory Baadsgaard, age 16, Wahluke (Washington state) High School, was on Paxil (which caused him to have hallucinations) when he took a rifle to his high school and held 23 classmates hostage. He has no memory of the event.

Chris Fetters, age 13, killed his favorite aunt while taking Prozac.

Christopher Pittman, age 12, murdered both his grandparents while taking Zoloft.

Mathew Miller, age 13, hung himself in his bedroom closet after taking Zoloft for 6 days.

Kip Kinkel, age 15, (on Prozac and Ritalin) shot his parents while they slept then went to school and opened fire killing 2 classmates and injuring 22 shortly after beginning Prozac treatment.

Luke Woodham, age 16 (Prozac) killed his mother and then killed two students, wounding six others.

A boy in Pocatello, ID (Zoloft) in 1998 had a Zoloft-induced seizure that caused an armed stand off at his school.

Michael Carneal (Ritalin), age 14, opened fire on students at a high school prayer meeting in West Paducah, Kentucky. Three teenagers were killed, five others were wounded..

A young man in Huntsville, Alabama (Ritalin) went psychotic chopping up his parents with an ax and also killing one sibling and almost murdering another.

Andrew Golden, age 11, (Ritalin) and Mitchell Johnson, aged 14, (Ritalin) shot 15 people, killing four students, one teacher, and wounding 10 others.

TJ Solomon, age 15, (Ritalin) high school student in Conyers, Georgia opened fire on and wounded six of his class mates.

Rod Mathews, age 14, (Ritalin) beat a classmate to death with a bat.

James Wilson, age 19, (various psychiatric drugs) from Breenwood, South Carolina, took a .22 caliber revolver into an elementary school killing two young girls, and wounding seven other children and two teachers.

Elizabeth Bush, age 13, (Paxil) was responsible for a school shooting in Pennsylvania

Jason Hoffman (Effexor and Celexa) – school shooting in El Cajon, California

Jarred Viktor, age 15, (Paxil), after five days on Paxil he stabbed his grandmother 61 times.

Chris Shanahan, age 15 (Paxil) in Rigby, ID who out of the blue killed a woman.

Jeff Franklin (Prozac and Ritalin), Huntsville, AL, killed his parents as they came home from work using a sledge hammer, hatchet, butcher knife and mechanic's file, then attacked his younger brothers and sister.

Neal Furrow (Prozac) in LA Jewish school shooting reported to have been court-ordered to be on Prozac along with several other medications.

Kevin Rider, age 14, was withdrawing from Prozac when he died from a gunshot wound to his head. Initially it was ruled a suicide, but two years later, the investigation into his death was opened as a possible homicide. The prime suspect, also age 14, had been taking Zoloft and other SSRI antidepressants.

Alex Kim, age 13, hung himself shortly after his Lexapro prescription had been doubled.

Diane Routhier was prescribed Welbutrin for gallstone problems. Six days later, after suffering many adverse effects of the drug, she shot herself.

Billy Willkomm, an accomplished wrestler and a University of Florida student, was prescribed Prozac at the age of 17. His family found him dead of suicide – hanging from a tall ladder at the family's Gulf Shore Boulevard home in July 2002.

Kara Jaye Anne Fuller-Otter, age 12, was on Paxil when she hung herself from a hook in her closet. Kara's parents said ".... the damn doctor wouldn't take her off it and I asked him to when we went in on the second visit. I told him I thought she was having some sort of reaction to Paxil...")

Gareth Christian, Vancouver, age 18, was on Paxil when he committed suicide in 2002,
(Gareth's father could not accept his son's death and killed himself.)

Julie Woodward, age 17, was on Zoloft when she hung herself in her family's detached garage.

Matthew Miller was 13 when he saw a psychiatrist because he was having difficulty at school. The psychiatrist gave him samples of Zoloft. Seven days later his mother found him dead, hanging by a belt from a laundry hook in his closet.

Kurt Danysh, age 18, and on Prozac, killed his father with a shotgun. He is now behind prison bars, and writes letters, trying to warn the world that SSRI drugs can kill.

Woody ____, age 37, committed suicide while in his 5th week of taking Zoloft. Shortly before his death his physician suggested doubling the dose of the drug. He had seen his physician only for insomnia. He had never been depressed, nor did he have any history of any mental illness symptoms.

A boy from Houston, age 10, shot and killed his father after his Prozac dosage was increased.

Hammad Memon, age 15, shot and killed a fellow middle school student. He had been diagnosed with ADHD and depression and was taking Zoloft and "other drugs for the conditions."

Matti Saari, a 22-year-old culinary student, shot and killed 9 students and a teacher, and wounded another student, before killing himself. Saari was taking an SSRI and a benzodiazapine.

Steven Kazmierczak, age 27, shot and killed five people and wounded 21 others before killing himself in a Northern Illinois University auditorium. According to his girlfriend, he had recently been taking Prozac, Xanax and Ambien. Toxicology results showed that he still had trace amounts of Xanax in his system.

Finnish gunman Pekka-Eric Auvinen, age 18, had been taking antidepressants before he killed eight people and wounded a dozen more at Jokela High School – then he committed suicide.
Asa Coon from Cleveland, age 14, shot and wounded four before taking his own life. Court records show Coon was on Trazodone.

Jon Romano, age 16, on medication for depression, fired a shotgun at a teacher in his
New York high school.

Missing from list... 3 of 4 known to have taken these same meds....

What drugs was Jared Lee Loughner on, age 21...... killed 6 people and injuring 14 others in Tuscon, Az

What drugs was James Eagan Holmes on, age 24..... killed 12 people and injuring 59 others in Aurora Colorado

What drugs was Jacob Tyler Roberts on, age 22, killed 2 injured 1, Clackamas Or

What drugs was Adam Peter Lanza on, age 20, Killed 26 and wounded 2 in Newtown Ct
Roberts is the only one that I haven't heard about being on drugs of some kind.
Les & Julie Orlick Owners-Growers
Rancho Los Amigos' Olive Orchard
1-888-EVOO-PURE