Rohstoffthread (Archiv)

[Fischlaender]

Ollinho schrieb am 12.08.2008, 16:04 Uhr[/url]"]Heftige Umsätze bei Buffalo Gold, TSX-V -BUF- / FFM -B4K- in Canada!!

Longview hat gut gekauft

 

[Fischlaender]

und die schmeissen leider alles auf den Markt, da wird es erstmal nur seitwaerts gehen, da Cardero scheint's alle Anteile abgibt...

International Tower Hill Mines Ltd. (ITH)
As of August 11th, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Aug 11/08 Aug 01/08 Cardero Resource Corp. Direct Ownership Common Shares 10 - Disposition in the public market -700 $1.480
Aug 11/08 Aug 01/08 Cardero Resource Corp. Direct Ownership Common Shares 10 - Disposition in the public market -4,000 $1.500
Aug 11/08 Aug 01/08 Cardero Resource Corp. Direct Ownership Common Shares 10 - Disposition in the public market -1,200 $1.500
Aug 11/08 Aug 01/08 Cardero Resource Corp. Direct Ownership Common Shares 10 - Disposition in the public market -100 $1.520
Aug 11/08 Aug 05/08 Cardero Resource Corp. Direct Ownership Common Shares 10 - Disposition in the public market -4,700 $1.500
Aug 11/08 Aug 05/08 Cardero Resource Corp. Direct Ownership Common Shares 54 - Exercise of warrants 2,000,000 $1.000
Aug 11/08 Aug 01/08 Cardero Resource Corp. Direct Ownership Warrants 54 - Exercise of warrants -2,000,000 $1.000

dukezero schrieb am 11.08.2008, 19:15 Uhr[/url]"]

dukezero schrieb am 11.08.2008, 10:46 Uhr[/url]"]Fri Aug 8, 2008
Cardero Acquires 2,000,000 Common Shares of International Tower Hill Mines
Ltd. Cardero Grants Incentive Stock Options

» zur Grafik

 

[Fischlaender]

Substanzperle Candente mittlerweile wieder exakt auf dem Niveau, wo ich sie vor 2 Jahren das erstemal eingesammelt habe...

 

[greenhorn]

wenn der Blocktrade gestern für Amerigo war , dann ist die Übernahmephantasie raus......siehe weiter unten oder WOanders.......zumindest meine Gedanken dazu.......
hätte ich auch nicht gedacht - meine ersten Stücke habe ich zu 0,75 CAD eingebucht - das ist mittlerweile fast 3 Jahre her.........aber: Candente bleibt ne Substanzperle!!!!

Fischlaender schrieb am 12.08.2008, 18:06 Uhr[/url]"]Substanzperle Candente mittlerweile wieder exakt auf dem Niveau, wo ich sie vor 2 Jahren das erstemal eingesammelt habe...

 

[Fischlaender]

greenhorn schrieb am 12.08.2008, 18:11 Uhr[/url]"]wenn der Blocktrade gestern für Amerigo war , dann ist die Übernahmephantasie raus......siehe weiter unten oder WOanders.......zumindest meine Gedanken dazu.......
hätte ich auch nicht gedacht - meine ersten Stücke habe ich zu 0,75 CAD eingebucht - das ist mittlerweile fast 3 Jahre her.........aber: Candente bleibt ne Substanzperle!!!!

Fischlaender schrieb am 12.08.2008, 18:06 Uhr[/url]"]Substanzperle Candente mittlerweile wieder exakt auf dem Niveau, wo ich sie vor 2 Jahren das erstemal eingesammelt habe...

 

[greenhorn]

Apex Silver hat heute Quartalsergebnisse gebracht - habe sie überflogen und war eigentlich ganz angetan - wollte erst kaufen, bin dann von abgekommen und jetzt sehe ich ein Minus von über 30% :shock:

könnt ihr mir das erklären?

http://www.stockwatch.com/swnet/new...24051-U:SIL-20080812&symbol=SIL&news_region=U

 

[Fischlaender]

Admiralty kauf ich immer haeppchenweise 7560 Stuecke, eregeben dann nach dem Split jeweils 1.000 in den beiden NewCos

neuste Praesentation:

http://www.ady.com.au/uploads/presentation/b6d767d2f8ed5d21a44b0e5886680cb9.pdf

 

[Fischlaender]

greenhorn schrieb am 12.08.2008, 18:13 Uhr[/url]"]Apex Silver hat heute Quartalsergebnisse gebracht - habe sie überflogen und war eigentlich ganz angetan - wollte erst kaufen, bin dann von abgekommen und jetzt sehe ich ein Minus von über 30% :shock:

könnt ihr mir das erklären?

http://www.stockwatch.com/swnet/new...24051-U:SIL-20080812&symbol=SIL&news_region=U

der Gewinn beruht ausschliesslich aus DerivatGeschaeften, die Mine laeuft unterhalb der avisierten Produktionsrate und ist noch nicht profitabel, ausserdem wird die Firma weiter Geld afnehmen muessen, Auszug ais dem 10Q:

"In addition to operating costs, sustaining capital expenditures and taxes payable, San Cristóbal has aggregate debt service and derivative settlement requirements of approximately $383 million during the next 12 months. This amount comprises $96 million in scheduled principal and interest payments under the Facility, $72 million to fund the operating and debt service reserve accounts required under the Facility by December, 2008 and approximately $215 million to settle derivative positions (based on prevailing metals prices at June 30, 2008) maturing in the period. The Company projects that cash flow from operations will be insufficient to fund these amounts and that San Cristóbal will require an additional approximately $125 million of contributions from August 2008 through June 2009 to augment operating cash flow to cover these expenditures. The Company’s share of this funding requirement would be approximately $81 million,

 

[Fischlaender]

Fischlaender schrieb am 12.08.2008, 18:12 Uhr[/url]"]

greenhorn schrieb am 12.08.2008, 18:11 Uhr[/url]"]wenn der Blocktrade gestern für Amerigo war , dann ist die Übernahmephantasie raus......siehe weiter unten oder WOanders.......zumindest meine Gedanken dazu.......
hätte ich auch nicht gedacht - meine ersten Stücke habe ich zu 0,75 CAD eingebucht - das ist mittlerweile fast 3 Jahre her.........aber: Candente bleibt ne Substanzperle!!!!

Fischlaender schrieb am 12.08.2008, 18:06 Uhr[/url]"]Substanzperle Candente mittlerweile wieder exakt auf dem Niveau, wo ich sie vor 2 Jahren das erstemal eingesammelt habe...

da ist er, der Cross:

Aug 11/08 Aug 11/08 Amerigo Resources Ltd. Indirect Ownership Common Shares 90 - Change in the nature of ownership 9,454,946 $0.970
Aug 11/08 Aug 11/08 Amerigo Resources Ltd. Direct Ownership Common Shares 90 - Change in the nature of ownership -9,454,946 $0.970

 

[Ollinho]

Fischlaender schrieb am 12.08.2008, 18:04 Uhr[/url]"]

Ollinho schrieb am 12.08.2008, 16:04 Uhr[/url]"]Heftige Umsätze bei Buffalo Gold, TSX-V -BUF- / FFM -B4K- in Canada!!

Longview hat gut gekauft

Longview Capital gestern mit heftiger Stop Loss Lawine.

Die sind eh auf Stand By im Moment aber haben sich in der aktuell katastrophalen Marktphase weiter eingekauft in den Hauptinvest und einigen weiteren Portfoliowerten.

Longview sollte diese Marktphase in abgespeckter Form überleben können.

Wie ist deine Meinung zu Longview Fischi? Wenn man sich das Portfolio anschaut hat das nen Wert über 60 Mio Can $ trotz der heftigen Kurseinbrüche im Sektor. MK derzeit um die 15 Mio!!!

Kann mir nicht vorstellen, dass die so schnell pleite gehen. Haben immer noch die Möglichkeit Beteiligungen zu verkaufen etc.

Buffalo und Oriental könnten in den kommenden Monaten wieder erwachen...beide sind fundamental nicht so schlecht aufgetsellt wobei bei Oriental die PEA der Wendepunkt sein könnte. Buf verdient Geld und sollte der NI für Furtei gut sein stimmt zudem der Ausblick!

Wie siehts du die Lage bei den Buden? Thx...

 

[greenhorn]

Danke - war soviel Text, abgelenkt usw. naja - allerdings wenn sie das profitabel bekommen wird das ne "Goldmarie" - die Cashcosts sind ja extrem niedrig.....bleibt WL!

Fischlaender schrieb am 12.08.2008, 18:22 Uhr[/url]"]

greenhorn schrieb am 12.08.2008, 18:13 Uhr[/url]"]Apex Silver hat heute Quartalsergebnisse gebracht - habe sie überflogen und war eigentlich ganz angetan - wollte erst kaufen, bin dann von abgekommen und jetzt sehe ich ein Minus von über 30% :shock:

könnt ihr mir das erklären?

http://www.stockwatch.com/swnet/new...24051-U:SIL-20080812&symbol=SIL&news_region=U

der Gewinn beruht ausschliesslich aus DerivatGeschaeften, die Mine laeuft unterhalb der avisierten Produktionsrate und ist noch nicht profitabel, ausserdem wird die Firma weiter Geld afnehmen muessen, Auszug ais dem 10Q:

"In addition to operating costs, sustaining capital expenditures and taxes payable, San Cristóbal has aggregate debt service and derivative settlement requirements of approximately $383 million during the next 12 months. This amount comprises $96 million in scheduled principal and interest payments under the Facility, $72 million to fund the operating and debt service reserve accounts required under the Facility by December, 2008 and approximately $215 million to settle derivative positions (based on prevailing metals prices at June 30, 2008) maturing in the period. The Company projects that cash flow from operations will be insufficient to fund these amounts and that San Cristóbal will require an additional approximately $125 million of contributions from August 2008 through June 2009 to augment operating cash flow to cover these expenditures. The Company’s share of this funding requirement would be approximately $81 million,

 

[Fischlaender]

Ollinho schrieb am 12.08.2008, 18:28 Uhr[/url]"]

Fischlaender schrieb am 12.08.2008, 18:04 Uhr[/url]"]

Ollinho schrieb am 12.08.2008, 16:04 Uhr[/url]"]Heftige Umsätze bei Buffalo Gold, TSX-V -BUF- / FFM -B4K- in Canada!!

Longview hat gut gekauft

Longview Capital gestern mit heftiger Stop Loss Lawine.

Die sind eh auf Stand By im Moment aber haben sich in der aktuell katastrophalen Marktphase weiter eingekauft in den Hauptinvest und einigen weiteren Portfoliowerten.

Longview sollte diese Marktphase in abgespeckter Form überleben können.

Wie ist deine Meinung zu Longview Fischi? Wenn man sich das Portfolio anschaut hat das nen Wert über 60 Mio Can $ trotz der heftigen Kurseinbrüche im Sektor. MK derzeit um die 15 Mio!!!

Kann mir nicht vorstellen, dass die so schnell pleite gehen. Haben immer noch die Möglichkeit Beteiligungen zu verkaufen etc.

Buffalo und Oriental könnten in den kommenden Monaten wieder erwachen...beide sind fundamental nicht so schlecht aufgetsellt wobei bei Oriental die PEA der Wendepunkt sein könnte. Buf verdient Geld und sollte der NI für Furtei gut sein stimmt zudem der Ausblick!

Wie siehts du die Lage bei den Buden? Thx...

Longview direkt ist bei dem Abschlag gegeueber dem NAV fast der bessere Wert als BUF oder OTL, ich hab die wieder auf dem Radar, bin aber noch nicht drin, BUF hab ich im Depot

 

[Fischlaender]

Trigon Uranium dick long 0,18 CAD

 

[Fischlaender]

Fischlaender schrieb am 12.08.2008, 18:14 Uhr[/url]"]Admiralty kauf ich immer haeppchenweise 7560 Stuecke, eregeben dann nach dem Split jeweils 1.000 in den beiden NewCos

neuste Praesentation:

http://www.ady.com.au/uploads/presentation/b6d767d2f8ed5d21a44b0e5886680cb9.pdf

updated Top 20 Shareholder Lst

http://www.ady.com.au/uploads/top_20_shareholder/34173cb38f07f89ddbebc2ac9128303f.pdf

 

[dukezero]

http://www.marketwire.com/press-release/Mbf-Financial-888692.html

zu Buffalo und Sabina!

 

[Fischlaender]

Fischlaender schrieb am 12.08.2008, 19:20 Uhr[/url]"]

Fischlaender schrieb am 12.08.2008, 18:14 Uhr[/url]"]Admiralty kauf ich immer haeppchenweise 7560 Stuecke, eregeben dann nach dem Split jeweils 1.000 in den beiden NewCos

neuste Praesentation:

http://www.ady.com.au/uploads/presentation/b6d767d2f8ed5d21a44b0e5886680cb9.pdf

updated Top 20 Shareholder Lst

http://www.ady.com.au/uploads/top_20_shareholder/34173cb38f07f89ddbebc2ac9128303f.pdf

das Latin American Minerals Puna Potash Projekt liegt uebrigens direkt suedlich von Admiralty's Rincon Projekt:

http://www.latinamericanminerals.com/Presentations/PunaPotashProject-0708.ppt

den Ausverkauf bei dem Wert kann ich genausowenig nachvollziehen wie bei Candente, bei Largo, bei .....

und und und

 

[dukezero]

Fischlaender schrieb am 12.08.2008, 19:20 Uhr[/url]"]

Fischlaender schrieb am 12.08.2008, 18:14 Uhr[/url]"]Admiralty kauf ich immer haeppchenweise 7560 Stuecke, eregeben dann nach dem Split jeweils 1.000 in den beiden NewCos

neuste Praesentation:

http://www.ady.com.au/uploads/presentation/b6d767d2f8ed5d21a44b0e5886680cb9.pdf

updated Top 20 Shareholder Lst

http://www.ady.com.au/uploads/top_20_shareholder/34173cb38f07f89ddbebc2ac9128303f.pdf

Hey, da steht ja auch mein Name drin!

 

[Fischlaender]

dukezero schrieb am 12.08.2008, 19:23 Uhr[/url]"]

Fischlaender schrieb am 12.08.2008, 19:20 Uhr[/url]"]

Fischlaender schrieb am 12.08.2008, 18:14 Uhr[/url]"]Admiralty kauf ich immer haeppchenweise 7560 Stuecke, eregeben dann nach dem Split jeweils 1.000 in den beiden NewCos

neuste Praesentation:

http://www.ady.com.au/uploads/presentation/b6d767d2f8ed5d21a44b0e5886680cb9.pdf

updated Top 20 Shareholder Lst

http://www.ady.com.au/uploads/top_20_shareholder/34173cb38f07f89ddbebc2ac9128303f.pdf

Hey, da steht ja auch mein Name drin!

Alfred...?

 

[dukezero]

dukezero schrieb am 12.08.2008, 19:21 Uhr[/url]"]http://www.marketwire.com/press-release/Mbf-Financial-888692.html

zu Buffalo und Sabina!

Bei Sabina unabhängig von der Studie, die ich nicht gelesen habe, da Fakten bekannt wird an einer
Pre Feasability Studie gewerkelt.Newsflow deshalb gegen Null. 45 Mio. Cad Cash,- 82 Mio Aktien
fully diluted.

 

[Ollinho]

Aug 12, 2008 17:53 ET
Largo Reports Robust Projected Economics From Feasibility Study for Maracas Vanadium Project (Brazil)
- Pre-tax IRR of 43.9% and pre-tax NPV of $488.9 million at a discount rate of 10% per year

- Estimated payback of 1.9 years; after tax cash flows of $1,329.0 million over an estimated production life of 23 years based on long term price of US$45.86 per kg for ferrovanadium with federal tax incentives

- Mineral reserve estimated to be 13.1 million tonnes grading 1.35%

- Resource allows 8 years of milling of higher grade material (1.94% vanadium pentoxide)

- Conference call to be held on Wednesday, August 13 at 11:00 am Eastern Time.

TORONTO, ONTARIO--(Marketwire - Aug. 12, 2008) - Largo Resources Ltd. (TSX VENTURE:LGO) is pleased to report the results of a new NI 43-101 compliant Feasibility Study (the "Feasibility Study") on the Gulcari A deposit at its Maracas Vanadium-PGM property in Bahia, Brazil by Aker Metals, a division of Aker Solutions Canada Inc. (Aker Solutions). A corresponding technical report will be filed under the profile of the Company on SEDAR once available.

The results of the Feasibility Study are positive. Basic and detailed engineering and procurement are scheduled to commence in the third quarter of 2008.

The Feasibility Study is based on the Technical Report entitled "An Updated Mineral Resource Estimate for the Maracas Vanadium Project, Municipality of Maracas, Bahia State, Brazil" prepared by Micon International Limited (Micon) dated December 21, 2007 (the "Micon Resource Report"). Mr. B. Terrence Hennessey, P. Geo., a qualified person in accordance with the requirements of National Instrument (NI) 43-101 authored the Micon Resource Report.

Projected Cash Flows and Economic Results

Based on an estimated initial capital investment of US$270.6 million and the milling of 13,079,000 tonnes of ore at a diluted grade of 1.34 % vanadium pentoxide, the Maracas project is projected to have a discounted payback of 1.9 years and generate cash flows of US$1,329.0 million over an estimated production life of 23 years on an after-tax basis that assumes the available federal corporate tax incentives are granted. This results in an after-tax IRR of 41.7% and an after-tax NPV of US$450.7 at a discount rate of 10% per year. This scenario results in the production of approximately 4,431 tonnes per year (tpa) of vanadium contained in 80% ferrovanadium alloy ("ferrovanadium") over the first eight years of mine life after which production gradually decreases to stabilize at 1,748 tpa from year 14 to year 22 with year 23 being a partial year of production.

Projected revenues are based on the sale of ferrovanadium as the sole product.

Price forecasts for vanadium pentoxide have been provided by CPM Group of New York, USA. Their forecast indicates the long-term price of ferrovanadium will stabilise at approximately $45.86 per kg, which is equivalent to V2O5 price of $8.00 per lb, after a steady decrease from current levels. The current prices for ferrovanadium and vanadium pentoxide are approximately US$66 per kg and US$17 per lb, respectively.

A table summarizing the ferrovanadium prices in 2007 dollars used in the cashflows from 2010 to 2018 as forecast by CPM Group is provided below.




--------------------------------------------------------------------------
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
--------------------------------------------------------------------------
Ferro-
vanadium
Price
(US$/kg) 73.30 65.04 59.97 58.75 56.22 52.47 51.04 48.17 45.86
--------------------------------------------------------------------------


Prices beyond 2018 are forecast to be $45.86 per kg.





Corporate tax incentives are available through a Brazilian federal government agency known as SUDENE. The mission of SUDENE is to promote sustainable development through tax incentives and other means in the Brazilian "Nordeste" in which the State of Bahia is located. The tax incentives currently include a reduction in corporate tax of 75%.

The economic results of the Feasibility Study (i) on a pre-tax basis, (ii) on a regular tax basis with no tax incentives, and (iii) with corporate tax incentives, are summarised in the following table.




--------------------------------------------------------------------------
Pre-Tax No Corporate Tax With Corporate Tax
Incentives Incentives
--------------------------------------------------------------------------
IRR (%) 43.9 34.9 41.7
--------------------------------------------------------------------------
NPV @10% US$489.0 million US$335.9 million US$450.7 million
--------------------------------------------------------------------------
Undis-
counted
cumulative
cashflow US$1,422.2 million US$1,049.4 million US$1,329.0 million
--------------------------------------------------------------------------





The Feasibility Study was based on work carried out by Peimeng Ling, P. Eng. Of Aker Solutions and other consulting firms including NCL Brasil of Nova Lima, Bahia, Brazil (NCL); ECM S.A. of Belo Horizonte, Bahia, Brazil (ECM); VOGBR Recursos Hidricos & Geotecnia of Nova Lima, Bahia, Brazil (VOGBR); Brandt Meio Ambiente of Nova Lima, Bahia, Brazil (Brandt); Integratio of Nova Lima, Bahia, Brazil (Integratio); and SGS Mineral Services of Lakefield, Ontario (SGS) with Aker Solutions taking overall responsibility for compiling the study. The primary scope of work responsibilities of these consultants was as follows:

- Aker Solutions: hydrometallurgical process, overall capital cost estimation, economic analysis and compilation of reports

- NCL: mining

- ECM: process beneficiation and site infrastructure

- VOGBR: tailings management facility, site water management and control and geotechnical investigations

- Brandt: environmental issues including environmental submissions to the Bahia state environmental agency, Instituto de Meio Ambiente, (IMA)

- Integratio: environmental support and community engagement issues

- SGS Mineral Services: metallurgical testwork

Estimated Mineral Resources and Mineral Reserves

The Measured and Indicated Mineral Resource as reported by Micon in the Micon Resource Report were estimated to be 17.26 million tonnes at a grade of 1.44 % vanadium pentoxide. The estimated resources were based on a US$3.50 Whittle pit shell and a V2O5 cut-off of 0.66%. The mineral resource also contained platinum at a grade of 0.21 g/t and palladium at a grade of 0.09 g/t (see Press Release dated November 7, 2007).

In the Feasibility Study, NCL estimated the mineral reserves to be 13,079,000 tonnes grading 1.34% vanadium pentoxide. Carlos Guzman MAusIMM, of NCL, a qualified person in terms of NI 43-101 who is independent of Largo, prepared the estimate.

The following table outlines the mineral reserve estimates, as at August 12, 2008. The mineral reserve terms used herein have the meaning ascribed thereto in the CIM Definition Standards.




--------------------------------------------------------------------------
Contained V in
Reserve Grade ferrovanadium
Classification Tonnes (V2O5 %) (tonnes)
--------------------------------------------------------------------------
Proven 7,341,000 1.28 33,451
--------------------------------------------------------------------------
Probable 5,738,000 1.42 29,050
--------------------------------------------------------------------------
Total Mineral Reserve 13,079,000 1.34 62,502
--------------------------------------------------------------------------





The estimation of mineral reserves was based on a mine design developed using Lerch-Grossman pit optimization techniques. The inputs to the optimization were generally drawn from the Micon Resource Report and the estimated mineral reserves are included in the mineral resources described above. The optimization parameters are listed below:




--------------------------------------------------------------------
Parameter Value
--------------------------------------------------------------------
Price of V2O5 US$5.00 per lb
--------------------------------------------------------------------
Price of vanadium in ferrovanadium US$23.08 per kg
--------------------------------------------------------------------
Overall recovery from ore to product 63.4%
--------------------------------------------------------------------
Waste mining cost US$1.39 per tonne
--------------------------------------------------------------------
Ore mining cost US$1.42 per tonne
--------------------------------------------------------------------
Processing to V2O5 US$30.66 per tonne
--------------------------------------------------------------------
Processing to ferrovanadium US$0.35 per lb of V2O5
--------------------------------------------------------------------
General and Administrative US$2.12 per tonne
--------------------------------------------------------------------
Pit slope angle 45 degrees
--------------------------------------------------------------------





The pit design was based on a pit shell using a US$12.93 per kg price assumption. A range of pit shells over a price range of US$6.92 to US$34.62 per kg were generated. The US$12.93 per kg pit shell was selected because it contains approximately 65% of the vanadium but just 26% of the waste rock tonnage compared to the US$23.08 per kg pit shell. This selected scenario defines a project life of 23 years at the proposed processing capacity.

Drilling continues on the Maracas property with other exploration targets being investigated. A priority vanadium target is the Nova Amparo zone contained within the property boundary. The possible future development of this zone as an additional source of mill feed from open pit mining has been included in the application for environmental licensing currently in progress through the Bahia state environmental agency (Instituto de Meio Ambiente). The presence of several other vanadium-bearing structures within the property, including Nova Amparo (see the Micon Resource Report), provides confidence regarding the longevity and potential, future expansion of the project.

Project Description

The deposit outcrops on surface and is amenable to open pit mining. The waste rock scheduled for mining is estimated to be 29,108,000 tonnes, resulting in a Life-of-Mine strip ratio of 2.23:1. Open pit mining proceeds at a faster rate than milling in order to supply the mill with higher-than-average-grade feed for the first 13 years of the mine life. The grade is projected to be highest in the first eight years when the mill feed averages 1.94%. Excluding one year of pre-stripping, the open pit is forecast to be mined out over 13 years. However, milling of the lower grade material is projected to continue for a further ten years after completion of the milling of the higher grade material. Largo believes there is an opportunity to further optimise the mine plan, through additional phases of mining to exploit the deeper parts of the resource. The pit was designed based on a vanadium pentoxide price of US$3.40 per lb as this approach provided economically favourable results for the purposes of the Feasibility Study. The surface structures adjacent to the pit have been located beyond the anticipated surface expression of deeper pits to allow for subsequent pit deepening if determined to be economically justified in the future.

The process flowsheet has been based on work carried out by SGS and others. The flowsheet comprises the following steps: comminution, concentration by magnetic separation, roasting, leaching, precipitation and production of ferrovanadium. Mill throughput is 581,000 tpa. Overall vanadium recovery is estimated to be 71.6%. The ferrovanadium produced will be sold to Glencore under an off-take agreement, as previously announced (see Press Release dated May 14, 2008).

The execution schedule for implementation of the project prepared by Aker Solutions indicates ramp-up of production after commissioning occurring in the fourth quarter 2010 with commencement of site work scheduled for the first quarter of 2009, subject to prior receipt of the environmental licence required to commence construction. The implementation schedule has been accelerated by the identification of long-lead items, the orders for which are currently being negotiated.

Costs

Capital costs associated with infrastructure, mining equipment and construction of the process plant are estimated to be US$270.6 million, including a contingency of US$45.8 million. The estimate has an intended level of accuracy of +/-15%.

Operating costs before payment of royalties over the first eight years of production are estimated to be US$15.49 per kg of vanadium contained in ferrovanadium. Life-of-mine costs are estimated to be US$19.26.

Conclusions and Recommendations

The average grade at Maracas is high when compared to other known vanadium mines of similar geology currently in production. In the Feasibility Study, Aker Solutions concluded that the Maracas vanadium deposit could form the basis on which to build a viable ferrovanadium production operation.

Largo President and CEO Mark Brennan commented: "we are delighted with the results of the Feasibility Study by Aker Solutions. I believe it sets apart Maracas as a robust vanadium deposit with the metrics from the Feasibility Study singling out the project as having the potential to become one of the world's lowest cost primary producers of vanadium. Key milestones that will be pursued in the weeks ahead include formal commencement of basic and detailed engineering, placement of orders for long-lead items, continued build-up of Largo's team to be based in Maracas, completion of key elements of the licensing process and the finalization of the project financing. The potential for expansion of the project is also very exciting."

Conference call:

Largo Resources will hold a conference call for investors focusing on the financial results of the Feasibility Study at 11:00AM (ET) on Wednesday, August 13th.




The conference call information is as follows:


Local # 416-695-7848
North America# 1-800-952-6845
International# +1-416-695-7848





This press release was reviewed by Tim Mann, P.Eng., Largo's VP of Engineering and a Qualified Person as per National Instrument 43-101 who has the ability and authority to verify the authenticity and validity of information provided herein.

Aker Solutions which is responsible for delivery of the Feasibility Study has reviewed this Press Release.

About Largo

Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. Largo also has a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador. The company is listed on the TSX Venture Exchange under the symbol LGO.

For more information please refer to Largo's website: www.largoresources.com.

Disclaimer

This press release contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Largo's development potential and timetable of the Maracas project; the Largo's ability to raise additional funds necessary to complete the project; the future price of ferrovanadium and vanadium pentoxide; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of mining at the Maracas project are based on assumptions underlying mineral reserve and mineral resource estimates and the realization of such estimates; detailed research and analysis completed by independent consultants; research and estimates regarding the timing of delivery for long-lead items; knowledge regarding the factors involved in building a mine in Brazil and other factors that will be described in the technical report summarizing the Feasibility Study that will be filed under the profile of the Company on SEDAR. Capital and operating cost estimates are based on extensive research of the Largo and independent consultants, recent estimates of construction and mining costs and other factors that are set out in the Feasibility Study. Production estimates are based on mine plans and production schedules, which have been developed by the Largo's personnel and independent consultants. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Largo to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; timing and availability of external financing on acceptable terms; actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of ferrovanadium; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. Although management of the Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

[Ollinho]

Rohstoffmärkte massiver Abverkauf

Aktuelle Nachrichten - Gerbrunn (aktiencheck.de AG) - Zu Beginn dieser Woche kam es zu einem heftigen Einbruch bei vielen Rohstoffen und wichtige Indices wie der Goldman Sachs Commodity Index als auch der CRB Index fielen auf ein Mehrmonatstief.

In den Medien sei bereits die Rede von einem Ende der Rohstoffhausse, da viele Märkte nur noch den Weg nach unten kennen würden. In der Tat sei der in dieser Woche stattgefundene Abverkauf der stärkste seit mehreren Jahrzehnten gewesen und fast alle Rohstoffe hätten zweistellige Verluste verzeichnet.

Unter den Händlern in Chicago sei das bisher unbestätigte Gerücht umgegangen, dass ein großer Fonds aus England seitens der Terminbörsen gezwungen worden sei, einen großen Teil seiner Bestände zu veräußern. Angeblich solle es sich hier um nahezu 40.000 Futures-Kontrakte in beiden Märkten gehandelt haben, was ein enormes Volumen für nur einen einzelnen Tag darstelle.
Dieses Vorgehen habe auch viele andere Investment- und Hedge Fonds dazu veranlasst, ihre Positionen aufzulösen und habe zu einem massiven Abverkauf geführt, der bis Freitag angehalten habe.

Die Experten würden damit rechnen, dass sich erst gegen Ende der nächsten Woche eine Beruhigung einstellen werde. Momentan könne beobachtet werden, dass viele Investoren aus den Rohstoffen und auch den Rohstoffaktien fliehen und wieder neue Investitionen im Aktienmarkt tätigen würden. Des Weiteren sei auch der US-Dollar zu neuer Kraft erstarkt.

Die Experten würden nach wie vor in diesem Abverkauf für kurzfristig orientierte Händler einige Chancen auf der Verkaufsseite sehen, jedoch auch für mittel- bis langfristig orientierte Anleger große Gewinne auf der Kaufseite, sofern eine Beruhigung stattgefunden habe. Die Rohstoffmärkte würden in letzter Zeit eine ungeheure Schwankungsbreite aufweisen, die sich nach dem Abverkauf wieder legen werde.

Anschließend sollte eine Konsolidierung erfolgen und erste Käufe könnten dann bereits wieder getätigt werden. An der fundamentalen Situation habe sich nach wie vor nichts geändert. Die Nachfrage nach Rohstoffen aller Art sei immer noch sehr hoch. Die Experten seien der Meinung, dass die Rohstoff-Rally immer noch intakt sei.

 

[greenhorn]

Hi, gestern kam dann das Ergebniss zu Semafo - theoretisch müßte sich auch SmallCapInvestor melden, denn J.Brunner ist ein kleiner Fan von denen


Semafo earns $11.68-million (U.S.) in Q2


2008-08-12 16:38 ET - News Release

Mr. Benoit La Salle reports

SEMAFO REPORTS NET EARNINGS OF $11.7 MILLION FOR THE SECOND QUARTER 2008

Semafo Inc. has provided record financial and operational results for the three-month period ended June 30, 2008. All amounts are stated in U.S. dollars unless otherwise stated.

Highlights

The company delivered record results during the second quarter ended June 30, 2008, with gold sales of $44,826,000, representing an increase of 147 per cent over the corresponding period in 2007. Gold production reached 54,500 ounces for the quarter, an increase of 80 per cent over the same period last year. Highlights for the second quarter include:


Gold production of 54,500 ounces;
Gold sales of $44,826,000 at an average selling price of $904 per ounce;
Cash operating cost of $394 per ounce;
Total cash cost of $455 per ounce;
Operating income of $13,822,000;
Net income of $11,681,000;
Cash flow from operating activities of $19,304,000;
Commencement of commercial production at the Mana mine in Burkina Faso.

A word from the chief executive officer

With three mines in operation, 2008 marked the beginning of a turning point for the company. Since the beginning of this year, the company delivered profits in its three operations and has focused on maximizing the cash flow from operating activities. During the second quarter of 2008, cash flow from operating activities totalled $19,304,000, representing 188 per cent of the operating cash flow generated during the entire 2007 year.

Despite the rapid rise of fuel and consumable costs, Semafo has reduced its cash operating cost by 17 per cent to $394 per ounce for the second quarter of 2008 compared with $473 for the second quarter 2007. The total cash cost during the three-month period ending June 30, 2008, decreased 12 per cent to $455 per ounce from $517 per ounce for the corresponding period in 2007.

The second quarter of 2008 marked the commencement of commercial production at the Mana mine in Burkina Faso, and the third time that Semafo has successfully brought a West African mine into operation. Furthermore, the company achieved a 29-per-cent increase in gold production compared with the previous quarter at the company's Samira Hill and Kiniero mines.


FINANCIAL AND OPERATING HIGHLIGHTS
(thousands of dollars)
Three-month period Six-month period
ended June 30, ended June 30,
2008 2007 2008 2007

Gold ounces produced 54,500 30,200 83,200 59,200
Gold ounces sold 49,600 27,500 77,800 55,600
Revenues -- gold sales 44,826 18,136 70,366 36,712
Operating costs 22,582 14,749 39,711 28,228
Operating income (loss) 13,822 (2,039) 16,623 (1,969)
Net income (loss) 11,681 (2,083) 24,183 (5,316)
Average selling price (per ounce) 904 659 905 660
Cash operating cost (per ounce produced) (1) 394 473 441 463
Cash operating cost (per tonne processed) (1) 35 28 31 26
Total cash cost (per ounce sold) (2) 455 517 510 498
Basic and diluted net income (loss) per share 0.05 (0.01) 0.11 (0.03)
Cash flow from operating activities (3) 19,304 1,591 25,427 5,462

(1) Cash operating cost is calculated using ounces produced and tonnes processed.

(2) Total cash cost represents cash operating cost plus royalties and selling
expenses and also the effects of inventory adjustments.

(3) Cash flow from operating activities excludes changes in non-cash working
capital items and settlement of liabilities related to asset retirement
obligations for property, plant and equipment.


Outlook

In July, 2008, overall production totalled 18,000 ounces of gold; 7,800 ounces at Mana, 6,300 ounces at Samira Hill and 3,900 ounces at Kiniero.

At Mana, the new 4,000-tonne-per-day ball mill has been installed with commissioning started at the end of July, 2008.

Semafo is committed to increase shareholder value and remains confident that it will meet its 2008 production target of between 165,000 and 185,000 ounces of gold.

A conference call will be held at 10 a.m. on Wednesday, Aug. 13, 2008, to discuss the company's quarterly results. Details to access the call can be found on the home page of the company's website. Semafo's consolidated financial statements, together with management's discussion and analysis, are available on its website or at SEDAR.

We seek Safe Harbor.

 

[greenhorn]

Sabina ist ein Explorer, mit bisher sehr guten Ergebnissen!
- habe bei denen den ersten Move mitgemacht, aktuell WL
bei der Marktlage finde ich sie eher uninterssant - von einer möglichen Produktion mind. 4 Jahre entfernt, Infrastruktur und die Lage kosten noch sehr viel Geld
könnte eher zu einer Übernahme kommen von einem der schon in der Nähe operierenden Firmen.....

Largo - sehr schön! bin gespannt was der Markt heute daraus macht...........

dukezero schrieb am 12.08.2008, 19:37 Uhr[/url]"]

dukezero schrieb am 12.08.2008, 19:21 Uhr[/url]"]http://www.marketwire.com/press-release/Mbf-Financial-888692.html

zu Buffalo und Sabina!

Bei Sabina unabhängig von der Studie, die ich nicht gelesen habe, da Fakten bekannt wird an einer
Pre Feasability Studie gewerkelt.Newsflow deshalb gegen Null. 45 Mio. Cad Cash,- 82 Mio Aktien
fully diluted.

 

[greenhorn]

aah - ist sogar im Musterdepot! - KGV von 5 , mit der neuen Mühle und der erwarteten Outputsteigerung sogar noch weniger.................
wird eine ähnliche Cashcow wie Capstone - muß nur der Markt begreifen................

greenhorn schrieb am 13.08.2008, 10:28 Uhr[/url]"]Hi, gestern kam dann das Ergebniss zu Semafo - theoretisch müßte sich auch SmallCapInvestor melden, denn J.Brunner ist ein kleiner Fan von denen


Semafo earns $11.68-million (U.S.) in Q2


2008-08-12 16:38 ET - News Release

.

 

[dukezero]

Ich habe von einigen Werten kleine Longpositionen (steuerlich) denke aber, dass bei den meisten
Werten gute News bei der aktuellen Marktlage nur unwesentlich greifen.
Das wird, so steht zu befürchten noch länger anhalten!

 

[Ollinho]

Wann rechnet ihr mit einer Aufhellung des Explorersektors bzw. zumindest mit einer Stabilität?

Die meisten Mks sind schon im Bereich von 10 - 20 Millionen bei vielen kleinen Unternehmen gar im Bereich 3-5 Millionen. Teilweise werden Werte unter Cashniveau gehandelt bei nachgewiesenen Resourcen. Schon ne abartige und heftige Übertreibung nach unten meiner Meinung nach die zumindest mittel- bis langfristig wieder etwas ausgeglichen werden sollte.

Wie sieht eure kurz-, mittel bis langfristige Sichtweite aus?

 

[greenhorn]

solange Zweifel an den wirtschaftl. Entwicklungen bestehen bleibt es unsicher - sobald es Anzeichen für eine Aufhellung, oder das es doch nicht so "schlimm" wird wie erwartet , gibt wird es auch mit den Preisen wieder aufwärts gehen!

sicherlich sind die Rohstoffpreise z.T. ganz schön zurückgekommen - aber was da bei einigen unserer Werte passiert das ist wirklich eine Übertreibung.
zusätzlicher Belastungsfaktor ist einfach das wohl viele Anleger gezwungen sind/werden ihre Bestände zu verkaufen um flüssig zu bleiben - "Dank" der Finanzmarktkrise

es wird weitere Übernahmen geben, denn die großen Konzerne denken da weiter und werden sich das ein oder andere gut entwickelte Projektchen genehmigen - und das wird noch nicht mal teuer weil die Explorer oder Juniors an Tiefsständen notieren...........
selbst gute Produzenten im Juniorbereich

 

[Fischlaender]

greenhorn schrieb am 13.08.2008, 14:23 Uhr[/url]"]solange Zweifel an den wirtschaftl. Entwicklungen bestehen bleibt es unsicher - sobald es Anzeichen für eine Aufhellung, oder das es doch nicht so "schlimm" wird wie erwartet , gibt wird es auch mit den Preisen wieder aufwärts gehen!

sicherlich sind die Rohstoffpreise z.T. ganz schön zurückgekommen - aber was da bei einigen unserer Werte passiert das ist wirklich eine Übertreibung.
zusätzlicher Belastungsfaktor ist einfach das wohl viele Anleger gezwungen sind/werden ihre Bestände zu verkaufen um flüssig zu bleiben - "Dank" der Finanzmarktkrise

es wird weitere Übernahmen geben, denn die großen Konzerne denken da weiter und werden sich das ein oder andere gut entwickelte Projektchen genehmigen - und das wird noch nicht mal teuer weil die Explorer oder Juniors an Tiefsständen notieren...........
selbst gute Produzenten im Juniorbereich

sehe ich genauso

 

[dukezero]

Ich habe 95% in Geldmarkfonds geparkt und konzentriere mich nur noch auf das Newstrading.
First Majestic auf 3,06 mit schönem Gwinn verkauft, die rauschte dann auf 2,21 runter!

 

[dukezero]

Halo Bedrock Sampling at Sherridon Defines 250 m Extension of Lost Lake Deposit
HALO RESOURCES LTD HLO
8/13/2008 5:00:04 AM
TORONTO, ONTARIO, Aug 13, 2008 (Marketwire via COMTEX News Network) --

Lynda Bloom, President and CEO of Halo Resources Ltd. (the "Company") (TSX VENTURE:HLO)(FRANKFURT:HRL), is pleased to announce that a result of 5.1% zinc and 0.48% copper has been reported for a bedrock sample, collected as part of an extensive bedrock chip sampling program, that occurs at the northern end of a 250 m long trend of elevated zinc and copper values coincident with a geophysical VTEM anomaly (to see map please click on: http://media3.marketwire.com/docs/hlo0813.jpg).

Bedrock chip sampling has located the surface expression of the Lost Lake deposit and expanded the potential strike of the deposit at least 250 m north of previously known drilling. Section 4900E, which previously defined the north end of the known deposit included intersections up to 1.3% copper and 7.8% zinc over 6.3 m, which represents the highest grade and thickness reported to date on the Sherridon VMS Property (see press release March 18, 2008).

"The Lost Lake massive sulphides have been intersected in drill holes over a strike length of 500 m with some of the better grades and thicknesses reported for northerly drill sections. The potential to expand the deposit an additional 250 m is an exceptional opportunity particularly with such strong evidence that the deposit extends to surface with consistent high zinc grades," says Lynda Bloom. "The expanded Lost Lake zone will be a high priority winter drill target."

A NI43-101 compliant report is in progress to report on resource calculations for the Sherridon VMS Property Cold, Lost and Bob Lake deposits; a NI43-101 compliant resource calculation for Jungle Lake was issued in January 2008.

The above information has been prepared under the supervision of Stephen MacConnell, who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data.

ON BEHALF OF THE BOARD

Lynda Bloom, President and CEO