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XMFSinchiruna (27.97)

$3,500 Gold

Recs

39

August 25, 2012 – Comments (37) | RELATED TICKERS: PPP , AG , CEF

$2,250 gold is a complete cinch of a proximate target. 

Jim Sinclair's promise of $3,500 gold offers precious metal investors a very reasonable strategic target to forge their longer-term plans around.  

http://www.fool.com/investing/general/2012/08/23/your-crash-course-in-silver-supply-and-demand-.aspx 

Incidentally, that would likely correspond to a silver price north of $110. 

37 Comments – Post Your Own

#1) On August 25, 2012 at 11:41 PM, XMFSinchiruna (27.97) wrote:

I don't know why that keeps happening to URLs I copy. Apologies. See if this works:

http://www.fool.com/investing/general/2012/08/25/dont-miss-the-epic-gold-and-silver-explosion.aspx

On second glance, it was the wrong url I copied anyway.  :)

Thanks for reading the article, and sharing your thoughts here. 

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#2) On August 26, 2012 at 7:23 AM, fewl10 (< 20) wrote:

Silver prices of $110?  How?  Is this kind of like the call you made 2 years ago for a GPL stock price of $10?  It was a hot stock, went to around $5, then fell to $2 and has stayed there.  I actually lost money on that one, per your advice. 

If the governemnt does hyperinflate and we get $3500 for gold, it may not matter.  At that point, bullets will be a better unit of currency than dollars or gold.  I'm not saying having physical gold or silver as insurance is a bad idea, just that I think a depression may be more likely, with falling or stagnant asset prices.  $2200 for gold next year seems more realistic.

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#3) On August 26, 2012 at 8:32 AM, XMFSinchiruna (27.97) wrote:

Fewl10,

Obviously GPL suffered a failure of execution at a most inopportune time, but when silver exceeds $100 per ounce, the stock may yet see a $10-handle; particularly if the company does make the most of its phenomenal ore deposits.

I've offered enoiugh fantastically profitable calls over the years to counterbalance the likes of GPL, though it's regrettable to hear you lost money on the trade. For those who got in early when I was most vocal about the stock near $0.80 per share, it has nonetheless been one for the win-column.

It's incorrect to suggest that a $3,500 gold price must correspond to a condition where currencies lose their utility. History shows that currencies can shed value quite rapidly without severing their utility in normal transactions.

As for your call that a depression may be likely, I don't disagree.  But policymakers will roll out the big guns before conceding a full delevering event, and therein lie the ingredients for devastating stagflation.

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#4) On August 26, 2012 at 9:43 AM, bcvz (53.81) wrote:

I just read a report not that long ago that stated although gold has risen on average about 21% a year over the past 5 years or so, the average cash cost per ounce for miners has also increased 16% a year.  Wish I remembered the source but unfortunately I cant at this moment. 

This is the reason why I prefer the streamers over the miners.

Great call on SLW 4 years ago, I've made a lot of money on that one.  It also led me to follow Nolan Watson to Sandstorm Gold, which has made me a lot of money.

 

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#5) On August 26, 2012 at 10:46 AM, XMFSinchiruna (27.97) wrote:

bcvz,

Those cost increases have been fully discounted in the equity valuations, such that when the rate of cost increases diminishes, and margins are again expanding rapidly, I expect multi-bagger moves from most quality operators.

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#6) On August 26, 2012 at 8:58 PM, skypilot2005 (< 20) wrote:

BCVZ,

I sold my GPL early last year and made money on it.

Hopefully, you are using the "basket" approach and not investing in just a few P. M. companies.  These are complex operations and a lot can go wrong.  There also, may be political events in some countries that can pull a stock price down.

I've made a lot of money off of Sinchi's D. D.  But, remember it is ultimately your responsibility to do your own D. D. and make a decision.  Suck it up and take responsibility for your decision to buy or sell.

I like silver here.  For what it is worth, I have First Majestic listed at the top of my silver company "buy" list. The Del Toro mine is looking real good.

Alexco may be good, too.  I haven't finished my D. D. on them.

All the best.

 Fool on. 

Sky 

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#7) On August 26, 2012 at 11:07 PM, SN3165 (< 20) wrote:

@Fewl, you only lose when you sell. I've been down as much as 75 Percent on Alexandria, another Sinch call, but have averaged down a bit. I have faith in that one. 75 Percent!!! That's just the nature of the game in the explorers. I have thick skin I guess.

I am looking forward to building a new position this week in Integra Gold... SkyPilot and Sinch, wondering your thoughts on them?

 -SN

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#8) On August 27, 2012 at 12:52 AM, XMFSinchiruna (27.97) wrote:

Haven't delved fully into Integra, so can't make any kind of call unless I can find time to dig into it. :)

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#9) On August 27, 2012 at 7:28 AM, bcvz (53.81) wrote:

skypilot,

Did you mean to address your comment to fewl?

 

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#10) On August 27, 2012 at 8:11 PM, rfcapital (< 20) wrote:

Hello TMFSinchiruna, I have long read your articles. Any update on what you think about Tyhee's Feasibility Study?

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#11) On August 27, 2012 at 9:42 PM, skypilot2005 (< 20) wrote:

#9) On August 27, 2012 at 7:28 AM, bcvz (92.91) wrote:

 

"skypilot,

Did you mean to address your comment to fewl?"

Yup.

#4 must have distracted me....  She has a way of doing that. 

Thanks, for pointing that out. 

Ditto for me in regard to Nolan Watson.  I also, have high regard for Mr. Eric Sprott.

Of course, Sinchi's D. D. is second none.  Always a solid foundation to start with.

 Fool on,

Sky 

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#12) On August 28, 2012 at 8:14 PM, skypilot2005 (< 20) wrote:

http://www.aurcana.com/i/pdf/2012-08-28_NR.pdf

Aurcana Corporation Announces Updated Resource Estimate for La Negra Mine

8/28/12

Mr Lenic Rodriguez, President & CEO stated: “I am very pleased with the results of the NI 43-101 compliant resource estimate that shows a 50 fold increase from the prior Measured and Indicated resource estimate of 2.3 million ounces of silver to the current estimate of over 115 million ounces of silver, plus significant base metals, which confirms an extended life of mine at La Negra.

We have already started the certification of the new discoveries on the North West trend where the silver grades are higher and which we expect to report to the public in the near future. La Negra continues mining primarily from new discoveries”.

Sky

Official Web Link Assistant to Sinchi

Note:  I own a lot of Aurcana 

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#13) On August 28, 2012 at 8:18 PM, skypilot2005 (< 20) wrote:

Context for #12, above.

http://www.aurcana.com/i/pdf/2012Q2FS.pdf

Mon Aug 20, 2012
Aurcana Reports Record Results for Q2, 2012

7% increase in net revenues to $13.3 million compared to $12.4 million for the second quarter of 2011. 4% increase in earnings from mining operations to $5.5 million compared to $5.3 million for the second quarter of 2011. 50% increase in net income to $3.4 million for the first six months of 2012 compared to $2.3 million for the first six months of 2011. 106% increase in operating cash flow before movements in working capital items, to $4.7 million compared to $2.3 million for the second quarter of 2011. 18% increase in milled tonnes processed for a total of 307,161 during the six months ended June 30, 2012 (2011: 260,931); of which 15% (45,588 tonnes) were mined from NI 43-101 Measured and Indicated resources and 85% (261,573 tonnes) were mined from new discoveries. 23% increase in silver ounces sold for the second quarter of 2012 to 323,307 (373,037 ounces produced) from 263,357 silver ounces in 2011. Metal prices were a significant factor in revenues of the Company. Due to a general economic slowdown, average silver prices in the second quarter of 2012 were $28.51 compared to $36.86 per ounce in the second quarter of 2011. 52% increase in silver equivalent ounces produced to 690,162 in the second quarter of 2012 (2011: 455, 516).

 

Sky

 

Official Web Link Assistant to Sinchi 

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#14) On August 30, 2012 at 9:16 PM, skypilot2005 (< 20) wrote:

#7) On August 26, 2012 at 11:07 PM, SN3165 (< 20) wrote

“I am looking forward to building a new position this week in Integra Gold... SkyPilot and Sinch, wondering your thoughts on them?”

SN,

I haven’t looked at them.

When you get a chance, throw up the reasons you like them with some “links”.

I like Aurcana here and I am going to double my position, soon.

See:

http://www.aurcana.com/i/pdf/2012-08-28_NR.pdf

Aurcana Corporation Announces Updated Resource Estimate for La Negra Mine

8/28/12

50 fold increase in the resource estimate………

I’ve got one “under the radar” I am going to initiate a large position in soon and will throw it up on Sinchi’s blog when I do.  It is “related” to one of Sinchi’s covered companies.  He hasn’t written about it because, I am sure, it is a very small cap.

It looks real good.

Stay tune to Sinchi’s blog.

Sky

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#15) On August 31, 2012 at 11:47 AM, SN3165 (< 20) wrote:

Alright Sky, you asked for it so here it is: http://caps.fool.com/Blogs/why-im-super-bullish-on/758726

I am back in Aurcana after selling out a couple of months ago. I picked up the 2013 warrants yesterday. Seems like a good deal. Expire in late 2013 with a strike of $1. I think they could potentially be a 4-bagger. Of course they hold more risk than buying the shares.

http://finance.yahoo.com/q?s=AUNWF&ql=0

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#16) On August 31, 2012 at 9:44 PM, skypilot2005 (< 20) wrote:

#15) On August 31, 2012 at 11:47 AM, SN3165 (< 20) wrote:

 

"Alright Sky, you asked for it so here it is:"

 SN,

Thanks.

I am going to take a look at them this weekend.

Sky 

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#17) On September 03, 2012 at 9:46 AM, skypilot2005 (< 20) wrote:

SN,

I have them placed on my watch list now.

Thanks

 TSX:  ICG

 

8/31:  .27,  52 week:  .18 – 46.

http://www.integragold.com/s/Home.asp

 

http://www.integragold.com/s/management.asp

 

http://www.integragold.com/i/pdf/CorpPresentation.pdf

Sole focus on the Lamaque Gold Project in Val d’Or, Québec

Sky 

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#18) On September 03, 2012 at 9:51 AM, skypilot2005 (< 20) wrote:

http://www.integragold.com/s/Lamaque_Property.asp

Property Location & History

The Lamaque Property is located in the Val-d'Or gold camp in Northwestern Quebec, about 550 km. northwest of Montréal, Quebec. The property consists of 4 contiguous Mining Concessions and twenty (20) mining claims for a total of 1,459 hectares, owned 100% by Integra. None of the claims are within park, forest reserves or other areas that are restricted from exploration and mining.

The Property includes much of what constituted the mine property of Lamaque Gold Mines Limited that for parent company Teck Hughes Gold Mines Ltd., and later Teck Corporation, produced a total of 4,554,167 ounces of gold between 1935 and 1985 but the property does not include the four main mines that provided the majority of the ore for the former owners.

The property's north-eastern boundary lies next to the producing Sigma Mine and pit which has produced 4.7 million ounces of gold (published June 23, 2009) from 1935 to the present and has approximately 5,000,000 gold ounces in resources and reserves. To the southwest is the Goldex Mine owned by Agnico-Eagle reporting 3,500,000 gold ounces in resources and reserves and directly to the west the Osisko Canadian Malartic open pit gold mine reporting 10.71 million Proven and Probable gold ounces. The adjoining Cadillac, Malartic and Val d'Or camps have produced over 45 million ounces of gold since the 1930's and presently encompasses 7 producing gold mines (15 million ounces in reserves).

2011 Updated Resource Estimates for the Lamaque Property†:

Total Inferred Resources

2,114,742

5.67 g/t (average)

385,656 inferred

Total Indicated Resources

659,959

4.80 g/t (average)

101,794 indicated

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#19) On September 03, 2012 at 11:26 AM, EvanBuck (99.74) wrote:

$3,500 gold is certainly possible, if more market instability causes gold prices to shoot up.

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#20) On September 03, 2012 at 9:02 PM, skypilot2005 (< 20) wrote:

Hmmmm. It seems many "experts" are consistently 2 - 3 years behind Sinchi regarding the price of Gold and Silver. That's good for me. Sky  

http://finance.yahoo.com/news/gold-break-1-700-ounce-110821934.html

Gold to Break $1,700/Ounce Level: Analysts

By Holly Ellyatt | CNBC – 13 hours ago

Gold will break out of a narrow band of trading in which the precious metal has been stuck for 12 months and will head towards $1,700 an ounce or higher as central bank moves and production problems increase the demand for gold, analysts told CNBC.

Priced in euro terms, gold posted its highest close of 2012 on Friday after the Federal Reserve'sChairman Ben Bernanke left the door open for a further round of quantitative easing (explain this) in a highly-anticipated speech on Friday.

As investors pinned their hopes on hints of further QE, spot gold (Exchange:XAU=) rose nearly 5 percent over the past two weeks, hitting a five-month high of $1,692.71 on Friday, a rise of up to $40.

Gold has risen 70 percent between December 2008 and June 2011, after two rounds of QE by the Fed totaling $2.3 trillion, according to Reuters.

Phil Roberts, technical analyst at Barclays Capital told CNBC that while central banks in Europe and the U.S. don't act to further stimulate their economies, gold remained attractive as a safe haven.

After a 12-month consolidation phase, we should expect the gold price to continue on its upwards trend, he said.

"Last Friday, priced in euro terms, gold posted its highest close of the year," he told CNBC, emphasizing his point on an "Ichimoku Cloud", a chart used in technical analysis which identifies market trends and direction.

"What we're seeing now is gold pushing against the top of the cloud (above the middle of the range) pushing beyond $1,700 an ounce and there's another 100 dollars to the topside quite easily," Roberts said.

"This is a good time for gold," he added, agreeing with analysts' predictions that a breakout for precious metals was imminent.

"There is one more level to break out, a couple of retracement levels and the top of the weekly cloud [to break out], but once you get above that $1,700 level you've got a bit of clear water and there should be some follow-through."

Ned Naylor-Leyland, Investment Director at asset management firm Cheviot, told CNBC he was surprised at the rally, but believed it would continue.

"Personally, I was a little surprised at the size of the move but it's now in technical breakout mode."

Gold's rebound in the face of further monetary stimulus, still 20 percent off highs seen in 2011, has been forecast as short-lived, though Naylor-Leyland disagreed for several reasons.

"I'd say the rebound is just starting," he said. "If you look at the charts we're literally just back into a technical rally phase. In fact, we haven't been solidly for a year...so let's see where we go from here."

He added that the higher gold price would also be sustained by the rising costs facing mining companies in terms of extraction and wage labor costs.

"There's no doubt there's a big problem. Input costs have been rising [and] the gold price hasn't kept up with it...The marginal cost of production is not at all helpful for the major gold producers [as well as] wage input problems for the big companies." 

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#21) On September 04, 2012 at 4:43 PM, Horiemon (< 20) wrote:

Holy - what happened to Alexandria? up 60%

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#22) On September 04, 2012 at 6:54 PM, walion (< 20) wrote:

Great news coming soon on Alexandria Minerals.  Gold AND copper in new discovery and additional drilling has started to extend zone to the west. 

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#23) On September 04, 2012 at 8:41 PM, skypilot2005 (< 20) wrote:

http://finance.yahoo.com/news/aurico-gold-declares-commercial-production-235900073.html

9/4/12

AuRico Gold Declares Commercial Production at the Young-Davidson Mine

Sky 

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#24) On September 05, 2012 at 6:52 AM, skypilot2005 (< 20) wrote:

http://paramountgold.com/News/NewsRelease.asp?ID=100248

UPDATED RESOURCE ESTIMATE REPORTS SUBSTANTIAL GROWTH IN CONTAINED METALS FOR PARAMOUNT GOLD AND SILVER`S SAN MIGUEL PROJECT



INDICATED GOLD RESOURCE OUNCES INCREASE 547%; INDICATED SILVER RESOURCE OUNCES RISE 240%

9/5/12

Sky 

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#25) On September 06, 2012 at 11:07 AM, ubernut (28.11) wrote:

For those holding Petequal Minerals.

 http://www.canadianbusiness.com/article/97555--inmet-mining-to-make-112-million-cash-and-share-bid-for-petaquilla-minerals

Inmet Mining to make $112 million cash and share bid for Petaquilla Minerals

Anyone care to comment on if this is a good deal?  the offer is for $0.48 a share and the shares have leaped to $0.55 as this post.    

 

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#26) On September 06, 2012 at 3:13 PM, Horiemon (< 20) wrote:

Although I'm sure you don't need confirming evidence, Fitzpatrick from Citi is saying Gold to hit $2,400-$2500 by Q1:

http://www.businessinsider.com/citi-2500-gold-six-months-2012-9 

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#27) On September 06, 2012 at 6:08 PM, skypilot2005 (< 20) wrote:

#25) On September 06, 2012 at 11:07 AM, ubernut (30.16) wrote:

 

"For those holding Petequal Minerals.

 http://www.canadianbusiness.com/article/97555--inmet-mining-to-make-112-million-cash-and-share-bid-for-petaquilla-minerals

Inmet Mining to make $112 million cash and share bid for Petaquilla Minerals

Anyone care to comment on if this is a good deal?  the offer is for $0.48 a share and the shares have leaped to $0.55 as this post.    "

Take a closer look:

"TORONTO, CANADA--(Marketwire - Sept. 5, 2012) - Inmet Mining Corporation (TSX:IMN) ("Inmet") today announced that it intends to make an offer ("Offer") to acquire all of the outstanding common shares of Petaquilla Minerals Ltd. ("Petaquilla"). Inmet is prepared to offer C$0.48 in cash or .0109 Inmet shares for each Petaquilla common share (or a combination thereof) implying a total equity purchase price of approximately C$112 million. Subject to Petaquilla's cooperation through a transaction supported by Petaquilla's Board, in addition to the above consideration, Inmet would permit Petaquilla to proceed with a spin-out (the "Spin-out") of Petaquilla's assets in Spain (the "Lomero-Poyatos Assets") to Petaquilla shareholders."

They are also, going to spin out the gold mine in Spain to shareholders.  

I happened to catch the news last night and took a quick look at Inmet.  I'll throw some info. up about them later.

 

Sky 

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#28) On September 06, 2012 at 9:46 PM, SN3165 (< 20) wrote:

Well I am happy to be in at .39... but I think they should try to get to .70 at least, even closer to a $1 would be more fair... for the longer term shareholders... they would probably agree!

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#29) On September 06, 2012 at 9:48 PM, skypilot2005 (< 20) wrote:

IMN:CA

IEMMF OTC

Sept 5 2012: P/E 9.23  EPS: 4.84 Market Cap: 3.1 $ Billion  52 week:  36.47 – 70.05.

 

http://www.inmetmining.com/aboutInmet/default.aspx

on Sept 5:  1 Canadian dollar =  1.0092 USD

Inmet is a Canadian-based global mining company that produces copper, and zinc. We’re active in production, development and exploration — three key components to delivering sustainable growth and long-term value for our shareholders.

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#30) On September 06, 2012 at 9:49 PM, skypilot2005 (< 20) wrote:

http://ir.inmetmining.com/press-releases/franco-nevada-and-inmet-agree-to-a-1-billion-prec-tsx-imn-201208200813206001

8/20/12

Franco-Nevada and Inmet Agree to a $1 Billion Precious Metals Stream Financing for the Cobre Panama Project

Franco-Nevada Corporation (TSX:FNV)(NYSE:FNV) and Inmet Mining Corporation (TSX:IMN) today announced that their subsidiaries have agreed to terms for a precious metals stream on the Cobre Panama copper project in Panama, one of the world's largest copper-gold-silver-molybdenum porphyry deposits currently being constructed. Inmet owns 80% and Korea Panama Mining Corp. (KPMC) owns 20% of Minera Panama, S.A. (MPSA), owner and developer of the Cobre Panama project. The transaction has received requisite Board approvals and KPMC's consent and is subject only to completion of certain filings and registrations with closing expected shortly.

Transaction Highlights

Fully funded project: Franco-Nevada will commit $1 billion to Inmet's share of the development costs of Cobre Panama. Inmet now has funding in place for $4.2 billion of its $4.8 billion required capital with the balance expected either from other sources of debt or from future operating cash flow.  Aligned partners: The precious metals stream is linked to copper production over the expected initial 31 year mine life - details of the agreement are described below. Basing the gold and silver delivery obligation on copper production provides alignment between Inmet and Franco-Nevada.  Upside opportunities: The current mine plan envisions an initial 160,000 tonnes per day operation with expansion to 240,000 tonnes per day by the tenth year of operation. There is an opportunity to undertake the expansion earlier, subject to consent from KPMC. The current mine plan incorporates 2.3 billion tonnes of reserves. There is additional potential from up to 1.8 billion of measured and indicated resources not included in reserves as well as an additional 3.7 billion tonnes of inferred resources. Exploration at Cobre Panama is ongoing.

David Harquail, President and CEO of Franco-Nevada commented, "Inmet is an experienced and proven mine operator and developer. Franco-Nevada is proud to partner with Inmet to provide the financing needed to develop one of the world's largest mining projects. We expect the Cobre Panama precious metals stream will be a long-term cornerstone asset for Franco-Nevada that fits well within our overall portfolio. Franco-Nevada's funding commitment to the Cobre Panama project can largely be financed from its ongoing free cash flow. Franco-Nevada has the capacity to do approximately another $1 billion of new investments to further grow its portfolio in this opportunity rich environment."

Jochen Tilk, President and CEO of Inmet, further commented, "This is an endorsement of not only the Cobre Panama project but also of the advantages of the stream mine finance model. This $1 billion precious metals stream transaction provides Inmet with competitive funding for the development of Cobre Panama with more flexibility and less associated cost than with a traditional project financing. Securing this financing early reduces the financing risk to our shareholders, without sacrificing our copper production growth profile. We look forward to having Franco-Nevada as a partner in Cobre Panama."

Sky 

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#31) On September 06, 2012 at 9:51 PM, skypilot2005 (< 20) wrote:

http://ir.inmetmining.com/press-releases/inmet-announces-second-quarter-earnings-from-conti-tsx-imn-201207310808667001

Inmet Announces Second Quarter Earnings from Continuing Operations of $1.36 per Share Compared to $0.83 per Share in the Second Quarter of 2011

TORONTO, CANADA--(Marketwire - July 30, 2012) -

All amounts in US dollars unless indicated otherwise

Inmet (TSX:IMN) announces second quarter earnings from continuing operations of $1.36 per share compared to $0.83 per share in the second quarter of 2011.

http://ir.inmetmining.com/press-releases/inmet-announces-first-quarter-earnings-from-contin-tsx-imn-201204260784859001

Inmet Announces First Quarter Earnings From Continuing Operations of $1.39 Per Share

TORONTO, CANADA--(Marketwire - April 26, 2012) -

Sky 

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#32) On September 06, 2012 at 11:18 PM, ubernut (28.11) wrote:

Skypilot thank you for a wealth of information.  If deal goes through this will be helpfull in determining on either taking inmet shares or the cash.

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#33) On September 07, 2012 at 5:44 AM, skypilot2005 (< 20) wrote:

http://www.inmetmining.com/Theme/Inmet/files/pdf/2012/2012_Aug_8-10_RBC%20Roadshow%20Presentation_v001_o277b9.pdf

Inmet Mining 

Corporate Presentation

August 2012

Sky 

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#34) On September 07, 2012 at 6:33 AM, skypilot2005 (< 20) wrote:

http://www.mining.com/inmet-mining-announces-2011-production-and-2012-objectives-for-operating-mines/

Inmet Mining Announces 2011 Production and 2012 Objectives for Operating Mines

1/16/12

“Production results and 2012 Outlook

In 2011, we produced 84,800 tonnes copper and 80,400 tonnes zinc. Las Cruces production in 2011 was more than double its 2010 production, increasing to 42,100 tonnes from 20,600 tonnes. In the three months ended December 31, 2011, Las Cruces produced 14,100 tonnes, and finished the year with monthly production above 5,000 tonnes. In the last two weeks of 2011, we sustained recoveries above 88% at throughput levels and cathode production approaching design capacity. For 2012, we have set our production objective as a range of 61,700 to 68,600 tonnes copper cathode, or approximately 90% of design capacity.

Zinc production from Çayeli and Pyhäsalmi in 2011 benefited from grades well above the average reserve grade of 4.3% at Çayeli and 2.1% at Pyhäsalmi. In 2012, lower zinc grades expected at both operations account for the anticipated decline in zinc production.”

 Sky

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#35) On September 08, 2012 at 9:08 AM, skypilot2005 (< 20) wrote:

http://www.bloomberg.com/news/2012-09-06/petaquilla-jumps-after-inmet-proposes-offer-vancouver-mover.html?cmpid=yhoo

Petaquilla Jumps After Inmet Proposes Offer: Vancouver Mover

9/6/12

“Inmet is proposing to pay about 4.7 times Petaquilla’s earnings before interest, tax, depreciation and amortization, according to data compiled by Bloomberg. The median multiple in three other takeovers of gold-mining companies valued at $100 million or more announced in the past year is 7.3, the data show.”

Sky 

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#36) On September 09, 2012 at 7:46 AM, skypilot2005 (< 20) wrote:

Mr. Eric Sprott:

"I am all in." 

http://www.caseyresearch.com/articles/live-navigating-politicized-economy-summit-0

Make-Believe vs. Reality

Must read. I. M. O.

Sky 

 

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#37) On September 10, 2012 at 9:38 AM, skypilot2005 (< 20) wrote:

http://www.snl.com/Cache/1500043482.PDF?D=&O=PDF&IID=4288058&Y=&T=&FID=1500043482

Brigus Gold Makes New High-Grade Gold Discovery

Halifax, Nova Scotia; September 10, 2012 Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT:

BRD; TSX: BRD) is pleased to announce that exploration drilling on the southern portion of the Black Fox Complex confirms a new multiple horizon gold zone within the Grey Fox South gold mineralized corridor  located approximately 400 metres to the east and running sub-parallel to the 147 Zone.

“We are very excited to announce the discovery of another high-grade gold zone within the Grey Fox

property of the Black Fox Complex,” said Howard Bird, Senior Vice President Exploration Brigus. “This discovery has the potential to significantly increase the Company’s gold resources.”

Drilling has intersected the gold mineralized trend over a 275 metre strike length. The zone remains open in all directions. Currently two drilling rigs are focused on defining the orientation and size of gold mineralized shoots and extending the mineralization along strike.

The Grey Fox South Zone, the 147 Zone and the Contact Zone all occur within close proximity of each other and provide Brigus with near term production growth opportunities because of their proximity to the Black Fox Mine infrastructure. The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario.

Planning is underway to develop the Grey Fox Mine located on the southeast portion of the Black Fox

Complex. The initial resource estimate from this area, announced in December 2011, added more than 50 percent to the gold resource at the Black Fox Complex. Brigus is in the process of expanding the resource and converting Inferred ounces to Indicated ounces through systematic in-fill drilling. An updated resource estimate will be released later this month. Initial engineering studies have been initiated and will continue through 2012 to determine project economics as well as development and production timelines. A preliminary economic assessment (“PEA”) for Grey Fox will be released in Q4, and will incorporate the new resource.

http://www.snl.com/irweblinkx/news.aspx?iid=4288058

Sky

Official Web Link Assistant to Sinchi 

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