Corporate books are better than Governments

The new normal has finally set in. Government books are in shambles world wide and investors are looking at company's senior notes. Is any one surprised? You shouldn't be. You voted these turkeys in.

If you read Forbes you see PIMCO lagging others because they didn't quite offer the tools for investing in senior bonds of companies. This is the single most telling trend for 2014 and 2015. Watch as financials weaken and more people seek safe haven in companies. This will make companies are new rulers. Corporate Imperialism anyone? It's bad enough that they already own the governments but now the governments face failure en mass.

http://www.businessinsider.com/the-financial-crisis-of-2015-2011-1
http://nsnbc.me/2013/09/25/global-economic-crash-become-unavoidable/

"I think we are going to see a series of bankruptcies. I think the rise in interest rates is the fatal sign which is going to ignite a derivatives crisis. This is going to bring down the derivatives system (and the financial system).

There are (over) one quadrillion dollars of derivatives and most of them are related to interest rates. The spiking of interest rates in the United States may set that off. What is going to happen in the world is eventually we are going to come to a moment where there is going to be massive bankruptcies around the globe."

Folks just don't realize the staggering size of the derivatives market. All it takes to implode this imaginary "Greater Fools" poker game is for interest rates to climb a bit. It will only take one large fund to start dumping bonds and the jig is up. Interest rates would climb and a chain reaction would be set off.

http://usawatchdog.com/america-in-worse-fiscal-shape-than-detroit-professor-laurence-kotlikoff/

UK interest rates ‘to rise in 2015′ Bank figure says

UK interest rates are likely to rise for the first time since the financial crisis in the spring of 2015, one Bank of England policy maker has said.

Martin Weale, a member of the Bank’s rate-setting Monetary Policy Committee, said a spring 2015 rise was “the most likely path” in a Sky News interview.

But he said a rates rise could come sooner if wages rise faster than expected.

Interest rates have been held at a record low of 0.5% since 2008.

Mr Weale’s comments follow last week’s Bank of England inflation report, when Bank governor Mark Carney said interest rates were unlikely to rise even if the unemployment rate fell below 7%, as is now expected in the coming months.

Mr Carney had previously suggested the 7% unemployment rate as a threshold for considering an interest rates rise.

“I think it is very helpful that we try and explain the most likely path for interest rates is that the first rise will come perhaps in the spring of next year, and then the path is likely to be relatively gradual,” Mr Weale told Sky News.

But he added that he could “not rule out” an earlier increase, if average earnings increased quicker than expected.

Although unemployment has fallen faster than many analysts expected in recent months, wages have not risen as quickly.

“You don’t get much more specific forward guidance than what Martin Weale said,” said Howard Archer, chief UK economist at IHS Global Insight.

“It really does tie in with what Mark Carney implied when presenting the inflation report and in the inflation forecasts contained in the report.”

And to cap it off for you...
http://www.slate.com/articles/business/moneybox/2011/02/the_great_panic_of_2015.html

I too expect April 2015 as the date where real trouble begins. Previously I wrote about gold becoming paper. What lunatic Alchemist sought to turn gold into paper? What Antichrist convinced the people to believe the paper was real! Wowzers.

So there you have it—again: a big pool of money chasing market-beating returns and ultimately inflating asset-price bubbles that burst with awful consequences, from bank failures to sovereign-debt crises.

Um, I don't buy the idea of these money horders being so stupid. I'm pretty sure they know what they are doing. http://www.tarsusclub.com/ The people who don't know what they are doing are called the public. They don't have a website and no real spokespeople. They think they do but the all live in an illusion. They think paper is gold, their public voice has force behind it, there elected leaders represent them, companies are not evil, their banks are honest, there is an invisible hand of the market, fairness is the general rule, they have freedom, they can speak freely in most countries, their elected leaders are not spying on them, their leaders are spying but for their own good... (The actual list for the illusion would fill many pages.)

The bottom line is we are all slaves.
We are under the absolute control of less than 500 people.
We own nothing.
We are powerless to change this.
We do not desire to change it.

Interesting news from CUU and a bounce for HPY

Looks like Teck and Copper Fox Metals reached a decision for the year's program. Last year was not fully completed compounding the issue of how to make best headway. Now we see a re-examination of the very expensive Report CUU paid for. They want to refine the findings! Hey, we all were pretty sure the deposit extended beyond the pit design so the proof came as no surprise.

I snicker to myself because it sure looks like the deposit goes under the mountain too. Two years ago there were encouraging findings suggesting the deposit goes right through the mountain. If this turns out to be the case then Teck has an interesting problem. How to get at it?

A couple of year back CUU had a 3d drawing showing what appeared to be a root for the main deposit. So it may turn out that Teck has to explore deeper. They could find a deposit on a deposit. When they do find this it will result in one gigantic hole. That would give them a place to put the mountain material 30 years from now. That's a major cost savings despite being so far off that you can't really calculate it. However, it would be a very good incentive to go ahead with a mine.

Happy Creek.
Told you so! Yes, an insider freed up some shares. Just keep an eye on the bid ask spread. No one lets them go too cheap. When someone needs cash they impact the price but it rebounds. The small retails just don't sell. Go try by some today and see what happens. So if you missed the boat at 10 cents give yourself a kick. This isn't a trading stock. They have diddly squat for shares out there.

Someone asked if the rebound was due to some impending news. Ah, nooo, just some tax shuffling that dropped the price. Will news come? Ah, yesss. I can't see this sitting on the shelf beyond 2015. By then the sp should be up around 80 cents and climbing. Of course, a deal could derail my projections. If that happens some of us will be seriously laughing. All the way to the bank.

In the last few years I've fully reviewed a very large score of projects. The list of valid Jrs is strikingly small. Surprisingly, many of the other companies are still able to attract money. They problem with them is they don't have the geology. That means there are still investors who are playing poker. Well, I prefer chess. I don't like betting on people. I do like betting on geology, location and economics.

Interesting times Apple and High Finance

First we hear that a number of companies were complicit in aiding government eaves dropping. They provided doorways into your computers and hand held devices. Now Apple comes out and admits they too left a hole directly into your information. Of course they decline to comment except to say they are investigating. Bunk I say. The spying was so intense it slowed the entire internet down. It was the "Big Haul".

The spy world knows it has to go into deep undercover since the lid got blown off their illegal activities. So they conspired with companies to mine your information in a big way just incase they got shut down, like that will ever happen. It was the largest theft of private information in human history and very few are making the connection.

Next, we begin to hear of a raft of apparent suicides at high level institutions. Like the raft of scientists in the 80's who worked on UFO technologies who all tied ropes around their necks (20 of them) and jumped off buildings, out windows and drove off at high speed in a car, these. Sure looks like the government is cleaning up loose ends. These deaths are not revenge they are aimed at concealing the truth from ever coming out.

So why are these two items related? If really big trouble is coming the government wants to know who if any of us will be potential activists. 2015 is the year of reckoning. I expect the landscape to look a lot different after this. Our governments are preparing for a major upheaval and they don't want you to know about it.

Which brings the total number of recent banker deaths to 9 (via Intellihub):

1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago.  No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

If you're not seeing this for what it is you are going to get blind sided. There's speculation in blogger world that these guys new too much. Lol is snort. Sure they did, they were all part of it. Now chase down who they rubbed shoulders with! None of this in the bast 6 years has been the invisible hand of the market. Nor is it normal due to the nature of the stressful work.

What they knew is who was behind it and most important of all WHY it was done. We must ask ourselves why was it sooo important to fleece every dime out of the system possible. Why not continue the under the radar manipulations and thefts? Why all of a sudden grab and run? What do they know that the public doesn't?

I've said this before. We are heading into unprecedented natural disasters augmented by HAARP and all the other evils like fracking. Now consider some of the unanswered questions vexing geologists and archaeologist today. How did a salt water fishing dock end up miles up a mountain?

"Lying close to Lake Titicaca, these ruins lie at approximately 13,000 feet above sea level. It appears certain that it was once a seaport. It still has the ruins of extensive docks lying on an earlier shoreline. In Tiwanaku's heyday, one of these docks could have accommodated hundreds of sea-going vessels!" http://viewzone.com/tiwan.html
 Could it be:
 http://www.skrause.org/writing/papers/hapgood_and_ecd.shtml ?

Yes, it is entirely possible. Until some scientists show me how all this happened I'm erring on the side of caution. We don't know the severity of what might come but we sure know something is up. I doubt anybody can say exactly what's going to happen but there seems to be a lot of preparation going on. So I wonder, what if nothing happens at all? In that case you wouldn't want people running around with info that could expose your thefts no would you?

Interesting times indeed.

Addendum:
The salient proof, and one wholly relevant in present review, that Tiahuanaco possessed a waterfront rests upon discernible traces of alkaline incrustations on the sides of the huge stone
blocks forming a part of the above—described mole, harbor—basin, or canal wall.
The line of these incrustations corresponds closely with that of the strand—line on the slopes of the surrounding mountains, about which Bellamy wrote:
It was carefully surveyed for a length of about 375 miles. And then it was established that it is not “straight.” It was found that the Inter—Andean Sea. .
. . was not merely a Lake Titicaca of higher level extending far to the south, but that its level showed a slant of a most peculiar character in relation to the present ocean— level, or, which amounts to the same, relative to the present level of Lake Titicaca.
The level of the Inter—Andean Sea revealed by the ancient…. strand—line was higher to the north of Tiahuanaco and lower to the south. The actuality of this peculiarity cannot be doubted, for it was established independently by different persons at different times, using different methods of surveying.

Schaft Creek - Teck

In answer to my recent inquiry:

1. Detailed engineering – This stage includes completion of detailed designs based on the project scope and concept designs approved in the feasibility study, and the issuing of “for construction” designs, provision of construction and equipment specifications, scope of work packages for contract documents, definition of and procedures for construction quality control, etc. The purchase of key plant equipment often occurs prior to or in parallel with this stage of design, as vendor drawings for equipment are required in order to complete the detailed engineering designs.

So it appears there's no truth to the rumor they are doing "Limited" engineering studies. I'm waiting to hear from the horses mouth that the full program is being done.

Given the stage the enviro is at the focus should be on improving the design prior to making the decision to go whole hog on "for construction" designs. As far as I know, there is not enough info to make the decision yet. Last I heard on that subject was the geo tech was promising.

HPY.v 10cents that could make you rich

People are still asking me why Happy Creek? I have to ask you when was the last time you saw tungsten grades near surface like this? Anywhere!

Highlights of new drill results

Drill hole	From (m)	Interval Length (m)	W03 (%) tungsten trioxide	Kg of W03 per tonne
F13-08	12.0	14.8	0.59	5.9
includes	22.0	3.18	2.70	27.0
F13-09	31.35	17.35	0.50	5.0
includes	48.0	1.0	3.69	36.9
F13-15	24.0	4.0	0.58	5.8
F13-19	31.75	26.25	1.19	11.9
includes	37.3	3.66	4.60	46.0
F13-21	24.0	22.0	0.26	2.6
Includes	44.0	2.0	1.03	10.3

Review their results for the previous holes and you'll be amazed at the potential tonnage. They have tungsten practically sticking out of the ground. IRR anyone?

In recent developments HPY just hired a match maker. David Blann doesn't plan to give it away. If this round of match making fails so be it. There will always be another party who desperately needs the ore. I hope some billionaire reads this and realizes that a fair offer would make everyone a whole lot of money.

10 cents? Really! Let's hope it goes to 5 cents. I suspect that might not happen but we can hope.

David Blann, President and CEO of Happy Creek states: "Drilling continues to produce excellent tungsten grades and the RC zone is open for further expansion. New results from the RC prospect includes 3.66 metres of 4.6 percent tungsten, which is a similar grade to F12-27 located about one kilometre away at the BN prospect that returned14.98 metres of 4.0 percent tungsten. These very strong tungsten grades occur quite frequently on the Fox property and attest to the strength and quality of this mineral system. To date, we have focused on just a portion of one target that is approximately three kilometres by one kilometre in dimension. Results clearly warrant advancing the project and we see an excellent opportunity for an important new tungsten deposit to be developed in British Columbia."

Disclosure:
Hell ya I own HPY. I'd be nuts not to.  

Why invest in BC's Sheslay region

Garibaldi is there and all signs point to more exploration. PGX is there and some of their NI 43-101 reveals some interesting facts about the geology. I might be taking more interest in Garibaldi and the regions itself. There is a third horseman out there prospecting and drilling. So maybe I write more about all of them.

Agora has started a discussion board for Garibaldi.
 http://agoracom.com/ir/garibaldi/forums/discussion?message_id=1885149#message_1885149

Remember Probe Mines

If you bought in when I mentioned them you made a lot of money. I was recently asked for a target price for this year. Since it's still in my top picks I was looking for $2.80 and got it. (Close)

Probe May 2013
finance.yahoo.com=PRB.V

Now I want to see it dip to about $2.40. Lower would be better.

Prosper Gold Corp Quesnel BC

Prosper Gold Corp Quesnel BC
www.prospergoldcorp.com Presentation

Go to the presentation. Then open the pdf for their NI 43. Locate the bits about the North discovery. Read. Look at map from above, see pg 14. Tell me this doesn't look like a three headed monster.

I little primer about the area www.mining.com/in-search-of-behemoth-porphyries-in-british-columbias-golden-triangle/

Notice who is drilling up in the Arch? Go to their sites and read the data. I have a friend who's been up their prospecting for decades. He brought a new company to me, the second one that's discovered minerals while building a forestry road. The new one is also near by. They exposed copper with a grader!

Here's my new pick for 2014 PGX.v

The chart show tax loss selling and full recovery. The main man behind it... none other than the former CEO of Richfield! Have a look at their project here in BC's north. Pay close attention to who's drilling beside them.

https://www.google.ca/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1391634000000&chddm=1173&chls=IntervalBasedLine&q=CVE:PGX&ntsp=0&ei=o3_yUpj9J-efiQKQMA

The Next 10 Bagger(s?) for 2014

Back after a long rest...

Yup, found something. Another back yarder with some serious potential. It's currently worth $15 million or so and trades light. It behaves like a low share count should. The two year chart beats like a heart. It doesn't have skeletons in the closet and has a clean 80% option on the properties. The team leading it is highly proven...you'd know them if I mentioned them.

The rocks have a long history but next to nothing done with it. Over the next week I will study the NI and possibly plan a field trip by air. Given the location the terrain becomes a factor in the pit design.

But...
"narrow veinlets in relatively fresh diorite ... 11% Cu and 5.7 g/t Au"...

Now this could get exciting. It is about a 300 by 300 meter area of high interest. It is note worthy that it is situated in exactly the same type of rock as Red Chris. The supporting info reads like the Red Chris discovery. The surrounding areas where work has been done lead me to think there's a structure being revealed. Given what I know about their boss, he doesn't just go out there and try to get lucky.

There are holes extending less than 250 meters. Most of the work was by hand. There are maps of course. One area in particular was not amiable to an IP. They have core photos and two of those look almost identical to RC.

So, I will look at road costs, pit sizes, underground potential etc. The main zone with some drilling is on a pretty big slope. Another spot that could become explosive is under a rapidly receding glacier. The glacier is thin. I suspect they will be trenching right up to it this year. I also expect a 600m hole this year in a specific spot. Last year's 600m hole was encouraging and shows careful consideration to its placement. It was rewarded with a respectable result.

There are two other companies drilling like mad on adjacent properties. One just doubled its share price and I predict it will continue. I think these three amigos might out perform the market this year in a big way. The one I am really interested in has a 5 year investment timeline but will behave just like their last stock.

Stay tuned.

Here's the I told You So - HPY proves the Tungsten Value

Happy Creek's Fox Tungsten Returns 70% W03 in Premium Gravity Concentrate

(via Thenewswire.ca)

December 11, 2013 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V:HPY, the "Company") announces results from preliminary metallurgical work conducted on its 100% owned Fox tungsten property.

The Fox property is located approximately 75 kilometres northeast of 100 Mile House in the south central Cariboo region of British Columbia, Canada. Trenching and/or drilling in three areas that span a distance of three kilometres have discovered high tungsten grades over considerable thickness that are at or near surface. Drill highlights from this new discovery include 7.35 metres of 1.22% tungsten (W03), 19.4 metres of 0.82% tungsten, 11.0 metres of 0.80% tungsten, 20.0 metres of 0.63% tungsten, 24.7 metres of 0.68% tungsten and 22.0 metres of 0.76% tungsten at the RC zone. One kilometer to the south at the BN prospect, F12-27 returned three intervals: 4.1 metres of 1.78% tungsten, 14.8 metres of 4.0% tungsten and 24.0 metres of 0.79% tungsten including 5.8 metres of 2.01% tungsten (Refer to Press Release dated November 19, 2012 and September 9, 2013). Looking selectively at very high grades, to date 28 drill intervals have returned a weighted average of 3.0 metres grading 2.33% tungsten.

During 2012, 816 kg of rock was collected from the trenches at the BN, RC and BK zones. The samples were submitted to Met-Solve Laboratories Inc. of Langley, B.C., for initial mineralogy and metallurgical investigation. The composite sample used for the test work graded 0.95% tungsten and 0.26% zinc.

The test sample was processed first by removing zinc using flotation, and followed by gravity concentration of tungsten using spirals and tables. The first pass gravity circuit recovered an average 59.3% of the tungsten into a concentrate with 43.3% W03. Importantly, this simple first stage testing does not include the up-grading and recovery benefits of subsequent cleaning, recycling and tungsten flotation that is done in locked cycle testing. The results include a 70% W03 product from the coarse cleaner concentrate that exceeds published commercially viable grades. For reference, 70.0% W03 contains 700 kg W03 per tonne of concentrate and tungsten prices for concentrate are currently around CAN$35.0/kg W03.

In addition, a primary zinc cleaner concentrate yielded 18.4% zinc, 4.04 g/t gold, 156.0 g/t silver and 66.0 g/t indium, recovering 68.9% of the zinc in less than1% mass yield. These preliminary results indicate that the zinc and associated gold, silver and indium values could potentially be recovered and upgraded in subsequent cleaning stages.

Met Solve Laboratories reports "The results indicate that excellent upgradeability as a high grade tungsten product can be obtained" and "The next phase of test work should be done to determine attainable grade and recoveries with recycle streams via locked cycle testing".

David Blann, P.Eng, President and CEO of Happy Creek states "We are pleased to see this very positive response from an initial, simple gravity concentration circuit and the opportunity for a by-product with zinc, precious metals and indium. With these tests being successful, we can look forward to continue advancing this new, top tier tungsten discovery."

Sample Details

Collection of the test sample was performed by drilling and non-ex blasting of trenches from the BN, RC and BK zones. Twenty six samples were collected into large rice bags that totaled 816 kg, or roughly 31kg per sample. All samples were fully crushed and a sample analyzed. The metallurgical sample was selected from variable weight splits of 15 of the samples totaling 255 kg .This sample returned characteristics including a target grind size of 91 micron particle size, a Bond work index of 12.7 KWhr/tonne, and a process approach to employ flotation of zinc first, then concentrate the tungsten in the remainder using Falcon spiral and MAT (Met-Solve Analytical Table) to concentrate tungsten (scheelite mineral) by gravity. At the current stage of the Fox property, the metallurgical sample is not meant to be a final or representative sample of the entire project, but to provide preliminary mineral and metallurgical data to support further economic consideration and direct future exploration strategies on the property. Analytical results from the twenty six samples obtained from the surface trenches are presented below.

Fox Trench Samples

	W03		W03		W03
Sample	%	Sample	%	Sample	%
93272	1.001	93282	6.508	93292	11.527
93273	1.246	93283	6.710	93293	5.928
93274	0.256	93284	3.645	93294	4.364
93275	0.499	93285	5.675	93295	0.623
93276	0.145	93286	1.753	93296	11.389
93277	0.029	93287	3.922	93297	2.535
93278	0.291	93288	4.641
93279	0.812	93289	5.562
93280	0.463	93290	3.380
93281	8.009	93291	1.196

A locked cycle test is a series of repetitive batch tests (cycles) to simulate the operations of a continuous process in which intermediate-grade materials are recycled upstream. Depending on the sensitivity of the separation, when equilibrium is reached in two or more cycles the test is said to be 'locked' or 'balanced.' Cleaning of an initial concentrate product means removing unwanted material to effect an increase in grade of the concentrate. For tungsten particles too small to be captured by a gravity circuit, flotation is commonly used to increase recovery and produces an additional concentrate product. These tests are normally involved in design of a final mill flow sheet. Work done to date on the Fox has allowed a locked cycle flow sheet to be developed for the next testing stage. The Company plans to perform these additional tests once the Fox tungsten deposits are more completely drilled off and more knowledge is obtained on the grade distribution, mineralogy and geology.

Only1Word

If you get it share it:
http://www.youtube.com/watch?feature=player_embedded&v=WPkByAkAdZs
Nostalgia :)

Happy Creek drilling proves it

For those of you wondering what I see in Happy Creek, this is more of it. Their tungsten property just keeps growing. David Blann, CEO, does not seem in any hurry to develop it for a quick sale. He just keeps expanding and filling it in. They are well on their timeline (I gave two years last summer for them to take the first steps) towards achieving an operating mine.

Happy Creek drills 8.2 metres of 0.86% tungsten trioxide (W03) near surface in southward step out hole at Fox property

(via Thenewswire.ca)

September 25, 2013 - Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") is pleased to announce results from an additional four drill holes on its 100% owned, 165 square kilometre Fox tungsten property. The property is well situated approximately 25 km east of the past producing Boss Mountain molybdenum mine, and 75 km northeast of the town of 100 Mile House in the south-central Cariboo region of British Columbia, Canada.

The Company has explored the Fox property from an early stage returning positive values of tungsten in rock, stream sediment, soil and drill core in a 10 km by 3 km area. Positive to potentially economic values of tungsten occur in two areas located on the south and north sides of an granitic intrusive rock that is similar in age to the Boss Mountain mine.

In the northern area on the east side of Deception Mountain, four outcropping mineralized zones occur over a three kilometre distance: from south to north, the 708, BN, RC (Ridley Creek), and BK prospects. These prospects span a distance of three kilometres and have a lateral extent thought to be greater than one kilometre. Since the first drilling discovery in 2011, the Company has tested three of the prospects with encouraging results. The main focus of the 2011-2013 drilling was the RC zone.

Results

At the RC prospect, drilling continues to define and expand a new tungsten deposit that occurs at surface and dips shallowly westward. Drill holes F13-04 (vertical) and F13-05 (-50 degrees to the west) are located approximately 40.0 metres southwest of F13-3 (22 metres of 0.76% tungsten trioxide (W03). Refer to News Release dated September 9, 2013). F13-04 and 05 encountered the favorable geology from surface, with values of 0.01 to 0.03% tungsten trioxide starting at 6.0 metres. F13-04 ended at 50.9 metres, with the final 0.5 metres containing moderately strong pyroxene calc silicate thought to indicate potential for additional tungsten mineralized zone to occur at depth.

F13-06 (-55 degrees west) is located approximately 40 metres south east of F13-04/05, and starting from 14.0 metres returned 16.0 metres of 0.23% tungsten trioxide including 6.2 metres of 0.55% tungsten trioxide and 0.25% zinc.

F13-07 is located approximately 60 metres east of F13-04/05, and 35 metres south of F12-17 (20 metres of 0.63% tungsten trioxide). F13-07 (vertical) returned 22.0 metres of 0.36% tungsten trioxide starting at 12.0 metres below surface, including 8.2 metres of 0.86% tungsten trioxide.

David Blann, President and CEO of Happy Creek states: "F13-06 and 07 have expanded the near-surface zone southward with positive grades and it remains open in extent. The results fit within our target range for potentially economic near-surface mineralization, and compare favorably to other known tungsten mines. The RC prospect is just one of four prospects containing high tungsten grades at and near-surface and we continue to see tremendous potential in this new discovery over the three kilometre long target area."

Due to the flat-lying mineralized horizons, vertical drill hole intersections are very near true thickness, while angle drill hole intercepts are approximately 130-135% of true thickness. Drill highlights from discovery in 2011 and follow up in 2012 at the RC prospect include 7.35 metres of 1.22% tungsten trioxide, 19.4 metres of 0.82% tungsten trioxide, 11.0 metres of 0.80% tungsten trioxide, 20.0 metres of 0.63% tungsten trioxide and 24.7 metres of 0.68% tungsten trioxide. One kilometer south of the RC prospect, the BN prospect returned three intervals in hole F12-27: 4.1 metres of 1.78% tungsten trioxide at surface, 14.8 metres of 4.0% tungsten trioxide and 24.0 metres of 0.79% tungsten trioxide including 5.8 metres of 2.01% tungsten trioxide. One kilometre north of the RC prospect, drilling at the BK prospect returned 5.0 metres of 0.68% tungsten trioxide. (Refer to Press Release dated November 19, 2012). A review of drill results from the Fox property to date identified 25 intervals averaging 3.2 metres and 2.36% tungsten trioxide that comprise a portion of the favourable horizon thickness.

A grade of 2.4% tungsten trioxide contains 24.0 kg W03 per tonne of rock, and recent tungsten prices are around US$34.0/kg W03 in concentrates and US$42.0/kg W03 as APT (ammonium paratungstate) (1).

Tungsten is regarded by the British Geological Survey as a strategic and critical metal essential for industrialized countries. Over 50% is used in cemented tungsten carbide to make cutting tools for the construction, metalworking, mining, oil and gas drilling industries. The balance is used in applications requiring high temperature stability and density in electronic components, super-alloys, wear-resistant alloys and chemicals. Values of zinc, gold, silver and indium also occur with tungsten at the Fox property. Indium is a rare metal used in liquid crystal applications such as touch screens.

The proximity to infrastructure, near surface setting, large scale and presence of high grade tungsten are thought to make the Fox property a unique and attractive new exploration discovery in the global tungsten sector.

The Carnage continues at the TSX

Here's an example of a great mine bending over just to keep the forward momentum going.

VANCOUVER, Sept. 5, 2013 /CNW/ - Spanish Mountain Gold Ltd. ("Spanish Mountain" or the "Company") (TSX-V: SPA) is pleased to announce that it has engaged Secutor Capital Management Corporation to act as lead agent (the "Agent") on a commercially reasonable basis for a proposed private placement (the "Offering") to raise up to $3,000,000 through the issuance of up to $1,500,000 of common share units (the "Units") and of up to $1,500,000 of flow-through units (the "FT Units").

Each Unit will be sold at a price of $0.10 per Unit and will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each FT Unit will be sold at a price of $0.12 per FT Unit and will consist of one common share of the Company which will be designated as a flow-through share (the "FT Shares") for the purposes of the Income Tax Act (Canada) (the "Tax Act") and one-half of a Warrant. Each full Warrant will entitle its holder to purchase one common share at a price of $0.15 per share for a period of two years following the closing of the Offering. The Company has also granted the Agent an over-allotment option, exercisable at any time prior to the closing of the Offering, to purchase an additional 15% of the total number of Units and FT Units sold pursuant to the Offering.

SPA is creeping up very slowly. Often during this month you see the bigger stocks showing volatility as people hunt for deals in the JR market. So far, no sign this is happening. I still expect movement in the bigger stocks but I don't expect to see anything spectacular in the JR market primarily because of the horrendous damage the TSX has done to it.

I won't be selling any dividends. Instead, I'll bargain hunt there. Until the new exchange shows life I suspect my predictions from the past will hold true. Cash will be king and the decimation will ramp up. You may still see a false euphoria designed to trick people into thinking a stock is taking off but it will be followed by a harsh decline. There are still a lot of people holding the TSX bag.

I still expect to see more development in the real deposits of Canada. The safe haven idea is becoming a fact. I plan to hold developing mines like Schaft Creek but I'm expanding the timelines. Previously I said 2 years but now I'm going to invest on a 5 year plan. Take HPY. They just got a former Teck geologist on board. Given the slowdown at Teck I expect David Blann will be doing a lot more infill this year and next. The idea behind obtaining the new face is to customize the plan to Teck's needs.

HPY still has that lovely tungsten deposit that's shaping up rather nicely. The last round of drilling was proof of the value. I find it funny the market has not caught on. Are the investors waiting for it to become more advanced? Watch as many get left out in the cold. They will be scrambling to determine fair market value and a deal will side swipe them. I'm expecting this one to come in out of the blue and you can't say I didn't warn you. At 15-16 cents it's an absurd bargain. The new results suggest a real value well over a buck. In this market, it might jump 60 cents. as it changes the nature of its development.

If I get time I'm going to delve in deeper on the market movements. I'm expecting to see some action in the bond market that might shake things up as the realization of shortages sets in and managers try to find a buck.

Summer is almost over

So what's really happened while I was gone. I see HPY uncorked another stellar hit in their tungsten property! Copper Fox spun off into Desert Fox. Drills are rolling at Schaft Creek under Teck and we may finally see som forward movement in Arizona. SPA is gaining traction despite the TSX. Pilot and Probe have restored close to former value. ALS didn't pancake as many called for. BXX has survived and it's still a fat little piggy that needs a major hit in some way. I see GRV still holding value and I expect the next results to show this is a mine able property. Hellooo neighbour, need some copper?

Now, the one to watch this year:

Colorado Resources Announces 402m of 0.28 % Cu and 0.27 g/t Au in Step-Out Hole 400m Southeast of North ROK Discovery Hole 1

WEST KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 28, 2013) - COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is pleased to announce the results of nine additional drill holes (3,148 metres) from the ongoing drill program at its 100% owned North ROK property (the "Property"), located 15 kms northwest of Imperial Metals' Red Chris mine in NW British Columbia. In addition, the Company announces that it has received approval from the Ministry of Energy, Mines and Natural Gas ("MEMNG") to drill an additional 40 holes on the Property.

Drill holes NR13-005 through NR13-009, NR13-012 and NR13-013 were drilled on 100-200 metre step-outs along strike to the southeast of discovery hole NR13-001, while drill hole NR 13-011 was drilled 100m to the northwest of the discovery hole. Drill holes NR13-006, NR13-007 and NR13-013, which stepped back to the southwest, have also returned mineralization 150m off the main trend and may indicate the presence of a second, parallel zone developing in this area.

The Company is very pleased with the progress it has made in defining the size of the North ROK porphyry body, and demonstrating the continuity of mineralization on multiple sections over a 500m strike length. NR13-013 in particular, drilled over 400 metres along strike SE from the initial discovery drill hole, has returned an impressive 402.2 metre interval grading 0.28% copper and 0.27 g/t gold (0.45% Cu Eq*), including 160.9m of 0.41% copper and 0.28 g/t gold (0.58% Cu Eq*). With NR13-009 failing to achieve planned depth, the mineralized zone remains open to the southeast of this important intersection. The Company has now completed first-pass drilling on 500 metres of the 1,200 metre long magnetic high trend, giving the technical team a good understanding of this significant mineralized system, which continues to remain open along strike in both directions, and at depth.

Adam Travis, President and CEO of Colorado Resources commented, "In a mere 4 months since our initial discovery hole was announced, we have completed nearly 6,000m of drilling, enlarged the North ROK porphyry body to over 500m in strike length, maintained average grades of over 0.50% copper equivalent* ("Cu Eq") (0.30% copper and 0.37 g/t gold) in a total of over 1,800m of mineralized intersections, and returned significant porphyry mineralization from 10 of 12 holes. I am particularly encouraged by hole NR13-013 - our farthest mineralized intersection from the discovery hole - which had to be terminated at the drill's maximum capacity (565m depth), but was still returning mineralized material grading 0.24% copper and 0.11 g/t gold (0.31% Cu Eq*) from the bottom of the hole."

Equedia Exposes Warehousing Scams

I wrote a comment in response to the Equedia article, see below.

http://www.equedia.com/get-out-before-its-too-late-commodities-manipulation-revealed/#comment-4522

Oil-igopoly!

Most of our investments are being manipulated. It should come as no surprise that warehousing was a three card monty game. A shell game. An outright deception.

It’s up to us to guess where the manipulations will come in next. We can profit by contrarian investing against just about anything GS says.

It’s true that all of this is done under the watchful eye of the regulators and governments and this is why nothing is done until after the fact. They are allowed to do this because it is propping up a broke government.

There would be more reaction if more of the public invested. More people would be tuned into the realities and governments would be held accountable. This is why there are rules like “accredited investors”.

We the people are directly responsible for the behavior of the governments. Nothing was done about the police killing a Polish visitor on camera at the Vancouver International Air Port. Nothing will be done about the 9 bullets in the guy plus tasering the corpse in Toronto. There will be a bit of feet stamping but the din will subside and the government will get back to business as usual.

This list of wrong doing in North America is staggering when presented in totality and yet it can be passed under the noses of the people when presented one item at a time. I do not expect this nature to change. All we, the real investors, can do is wait for the next snafu.

The guy who wrote the book about how the barbarians eventually take down the elite in a repeated cycle was correct in his ideology. I wrote about how science has advanced so fast that to many it seems like magic. We all know what happened to witches in the dark ages. Are we their yet? For now it seems the armies of the elite have the upper hand. But, for how long.

It is becoming common knowledge that our politicos run a revolving door system. Just look at our own Senate. Google BC’s political scandals and read the wikki page. That’s always good for a laugh. Yet, has there been a change? Nope. They keep voting the same clowns in over and over. I guess they just like it that way.

The new trend that’s emerging is the remake of the people in the image of the corporations. I believe firmly that the destruction of our way of life is to make way for this rebirth. The politicos through big business and with them intend to remake our lives into a ultra fascism dream world. If it fails the politicos will blame the corporations and they in turn will point fingers at the governments. We will be holding the empty bag yet again.

Big news Coming for Happy Creek -HPY.v

Drilling has begun! Mark the calender if you're a trader. Given the shallow deposit occurrence the results will come faster. Many of us have waited patiently for some time for this program. In my last report I detailed some of the cost cutting measures but now we have it. 1200 meters gives us a lot of holes. With 12-15 holes we are going to get a very clear idea of the economics.

When the data infills the deposit we may very likely see the Koreans come back to the table with a real offer in hand. I calculate an IRR at 55%. Any IRR over 15% is good. But a small fast operation at @55 or better is outstanding.

For Comparison:

Tungsten Mining NL, (ASX:TGN) a company exploring for tungsten in Western Australia, on Thursday released the results of a scoping study showing the economic viability of its Kilba project. 

The study values the project, an open-cut mine slated to produce 154,000 MTU of WO3 a year for 7 years, with a net present value of $36 million with an internal rate of return of 34 percent. The $56 million capital expenditures outlay is expected to be paid back within the first year of operation.

Happy Creek:

Drilling on the Fox property is planned to consist of approximately 1,200 metres in 12 to 15 holes. Most holes are planned to be relatively short in length due to the near-surface position and near-horizontal orientation of the main mineralized zone, however a number of holes will test for additional mineralized horizons. Mapping between and beyond the known zones will be performed to provide a wider geological perspective of the area.

Drill highlights from 2011 and 2012 at the RC prospect include 7.35 metres of 1.22% tungsten (W03), 19.4 metres of 0.82% tungsten, 11.0 metres of 0.80% tungsten, 20.0 metres of 0.63% tungsten and 24.7 metres of 0.68% tungsten. One kilometer to the south at the BN prospect, F12-27 returned three intervals: 4.1 metres of 1.78% tungsten, 14.8 metres of 4.0% tungsten and 24.0 metres of 0.79% tungsten including 5.8 metres of 2.01% tungsten (Refer to Press Release dated November 19, 2012). Geological mapping and results from drilling in three areas indicate the main calc silicate/skarn unit hosting variable concentrations of tungsten is around 25-40 metres in thickness and approximately two kilometres by over one km in dimension. Results from F12-27 suggest multiple (stacked) mineralized zones occur.

In case you forgot or missed this:

A positive feature of the mineralized skarn zone is its potential to host very high grades: results include 0.40 metres of 9.60% tungsten, 3.64% zinc and 19.20 g/t indium (DDH F11-07). A grade of 0.7% tungsten contains 7.0 kg W03 per tonne of rock, and tungsten APT prices have recently risen to around $40/kg W03. Indium is a rare metal used in liquid crystal and touch screens and prices have also risen to over US$550/kg ($5.50/gram).

Happy Creek is bigger. The known mineralization confined to just the drill holes is $66M. If you expand this out on the asumption that all the data is correct it balloons to over $300M. I'm taking some liberties here but I'm confident about F12-27. Put a 50m by 50m square around it and go a bit deeper...

Highlights of Fox Property Tungsten Drill Results

		Hole	From	To	Interval	W03	W03
Prospect	Hole	Angle	(m)	(m)	(m)	%	kg/tonne
RC	F11-02	-90	5.7	10.85	5.15	0.91	9.1
RC	F11-07	-55	14.3	19.0	4.7	1.02	10.0
RC	F11-08	-90	8.25	20.65	12.4	0.74	7.4
RC	F12-01	-85	14.0	32.4	19.4	0.82	8.2
RC	F12-02	-55	13.0	25.0	12.0	0.21	2.1
RC	F12-07	-90	13.0	16.0	3.0	1.18	11.8
RC	F12-09	-90	15.0	26.0	11.0	0.80	8.0
RC	F12-10	-55	17.0	19.0	8.0	0.46	4.6
RC	F12-11	-90	27.0	41.0	14.0	0.68	6.8
RC	F12-13	-90	19.0	22.4	3.4	0.64	6.4
RC	F12-17	-90	20.0	40.0	20.0	0.63	6.3
RC	F12-18	-55	18.0	42.7	24.7	0.68	6.8
RC	F12-19	-55	35.0	40.0	5.0	0.32	3.2
BK	F12-20	-90	28.0	33.0	5.0	0.68	6.8
BN	F12-25	-55	79.0	82.0	3.1	0.34	3.4
BN	F12-26	-48	3.0	6.0	3.0	1.93	19.3
BN	F12-27	-80	1.9	6.0	4.10	1.78	17.8
BN	F12-27	-80	83.2	98.0	14.8	4.04	40.4
BN	F12-27	-80	136.0	160.0	24.0	0.79	7.9
BN	includes	-80	138.0	143.8	5.8	2.01	20.1
BN	F12-28	-90	83.1	86.0	2.9	1.20	12.0
BN	F12-29	-60	56.0	58.1	2.10	0.52	5.2