Beiträge von Tschonko

  • Juniors aus Kanada

    Hi frr,
    danke ich hab das jetzt verstanden.
    Ich kauf mir keine AQI als Absicherung zu IMA.


    Jedenfalls eine lästige G´schicht und man weiß ja nicht wie so was ausgeht? Justitia ist ja manchmal blind:


    Ich als Richter würd ja sagen zu AQI: "Schleicht´s eich, geht´s brausen!"
    Ist nicht fein, gut dass ich kein Richter bin. Wär ich nicht lange.


    Wird in Kanada verhandelt?


    Meine Sorge ist: a) dass IMA einen teil von Navidad verliert.
    b) dass irgendwelche Säcke hinter AQI stehen und das mitbetreiben.


    Aber das hab ich in meinem gestrigen Posting eh schon versucht zu formulieren.


    Grüsse Tschonko

  • Juniors aus Kanada

    frr,
    zu IMA:
    Beruhigend ist das nicht gerade. Gefällt mir gar nicht.
    Bei AQI ist auch bedeutend mehr Umsatz. Gibt es da Großeinkäufer über so Händler wie Canacord.
    Speku: über z.B. Canacord kaufen lassen, sich einen hohen anteil an AQI sichern, die kriegen dann einen Teil von Navidad und dann die Bude übernehmen. So kommt man billig zum größten Silbervorkommen der Welt.
    Wundert mich nicht mehr, dass sich bei IMA nichts rührt. Shit!


    Zitat

    Based on IMA's market value, which is three times Aquiline's, investors evidently think IMA will win, or at least not lose the entire Navidad property with a negative judgment. Even Aquiline chief executive officer Marc Henderson admits bagging half of Navidad in a settlement would be close to a best-case scenario



    Virginia Gold ist wirklich schon gut gelaufen. Erinnert mich an Linear Gold LLR.V im Herbst, die allerdings schon wieder etwas zurückgekommen sind.


    http://chart.finance.yahoo.com/c/1y/v/via.to
    [Blockierte Grafik: http://chart.finance.yahoo.com/c/1y/v/via.to]


    Grüße
    Tschonko

  • goldelses goldige Träume

    Hi goldbaum,
    Schauberger in Kürze beschreiben? Vollkommen unmöglich.


    Die ersten 2 links sind ähnlich: Biographie in kurz


    http://members.aon.at/pks.or.at/bio-vs.html


    http://www.mental-ray.de/Mental-Ray/Energie/viktor.htm



    http://members.aon.at/pks.or.at/index2.html (bisserl warten!!)


    http://www.tattva-viveka.de/victor/subnavviktor.htm


    http://members.aol.com/lasarcyk/schauvik.htm


    http://www.Schauberger.tk


    http://www.kheichhorn.de/html/body_forellenturbine.html


    Sodala, jetzt kannst a bisserl lesen.
    Weißt schon was zwecks CDU?


    Grüße
    Tschonko

  • Jetzt wird es spannend bei Tournigan Gold

    Alkaline,
    Tournigan ist halt ein absoluter Zockerwert und wird von vielen Seiten gepusht.
    Kann man Geld gewinnen, aber meistens verliert man, wenn man das Spiel nicht kennt, was da gespielt wird.
    Aber man macht Erfahrungen.
    Teure Erfahrungen gehören ja zu den besten.
    Ich hab mich aber kaum mit Tournigan beschäftigt.



    Ein bisserl genauer noch zu Indicated resources:


    1. Inferred Resources: die werden vermutet, grob geschätzt auf Grund von Bohrungen.


    2.Indicated oder Measured Resources: angedeuted oder gemessen.
    die Schätzungen sind schon genauer und verläßlicher nach weiteren genaueren Bohrungen.


    Reserves sind dann die auf grund einer machbarkeitsstudie festgestellten resourcen, wo auch die Profitabilität nachgewiesen ist .
    Oder auch die Nicht-Profitabilität.


    Grüße
    Tschonko

  • Nevada Pacific Gold Ltd. WKN 929 971 ISIN CA6413981029 NPG

    Hallo Ulfur,
    beruhigt mich etwas, dass es für dich auch etwas verwirrend ist.


    Die Magistral Mine sollte ja das cash flow liefern, dass man für die erforschung der Nevadagebiete im Cortez trend braucht.
    Da liegt ja der eigentliche Wert.


    Drillresultate der magistral Mine vom 10.6.: für mich eher durchschnittlich, kenn mich aber nicht wirklich aus.


    http://biz.yahoo.com/ccn/05060…59980dd7d3b1d88.html?.v=1


    Grüße
    Tschonko

  • Gehen wir Tauben vergiften im Park...

    Tambok,
    da geb ich dir recht.




    Wenn wir von juniors reden, meinen wir ja nicht nur grassroots Explorer.


    Einteilung:
    1. Senior Produzenten: über ein Mill. oz jährlich. Newmont, Placer etc.


    2. Mittelgroße Produzenten: 50000 bis 1 Mill. oz.


    3. Junior Produzenten: bis 500000 oz. jährlich


    4. Senior Explorer: haben schon ihre Ressourcen erforscht und definiert
    bis zu Kosten u. Durchführbarkeit einer Mine.
    Minefinders, MGN etc.


    5. Junior Explorer: reine Spekulation, maximales Risiko, haben nur
    Ressourcebn potential, können keine Ressourcen
    vorweisen.


    ad 5: Warten auf Godot. Das heißt auf Meldungen.
    8 von 10 gehen tschari. Das ist Schavan.


    ad 2,3: IMHO größte gewinner


    ad 4: sehr großes Gewinnpotential.


    ad 1: hier bestimmt die Auswahl.
    Beispiel: Bei buy and hold hat man bei GFI od. KGC verloren die letzten Jahre.


    Ich hab alle 5 Assets in meinem Depot.


    Grüße
    Tschonko

  • Bewertung von Goldaktien vs Goldpreis

    Der gute alte Gerbino. Hervorragender Artikel.
    Ich weiß es und halt mich dann doch nicht dran wegen gewichtung und so. Eben Junior Fan.
    Tschonko


    ROAD MAP ON THE MINING STOCKS


    Kenneth J. Gerbino


    Gold and commodities are going higher in this decade. The graph below shows how commodity prices are relatively priced versus the cost of living. Two important things about the chart is that commodity prices the last four years have already risen by 50%, but from a historic perspective the move looks as if it is just beginning a new and prolonged trend. The inflation adjusted price level today is the same as 1932 at the depth of the U.S. depression when commodity prices had collapsed.


    [Blockierte Grafik: http://www.gold-eagle.com/edit…/images/gerbino060905.gif]



    Scarce resources such as beachfront property or certain metals are a function of Mother Nature, not man. Men can make machines to make millions of widgets and influence the price by overproduction, but certain metals, and other natural things like oil take billions of years to form and are not subject to the laws of oversupply unless these commodities are found in abundance. In the case of metals and natural occurring commodities, the supply is limited.


    But populations grow continually over time generally increasing demand. This, plus inflation from money supply increases will add to upward price pressures. The graph above states the obvious, that the commodity decline from the 80's and 90's is over. A prolonged and strong across the board increase in many commodity prices is under way. This will influence inflation rates and move the price of precious metals higher in the years to come. The above graph is your road map.


    Inflation Math Made Easy


    Using the very simple and accepted classical measurement of what to expect as an inflationary prediction one would turn to money supply increases. Add 10% more money and you should expect 10% increases in prices sooner or later. Technology and higher productivity helps keep prices down, but many goods are consumed and destroyed which limits supply. Eating a donut means the supply of donuts has just gone down. Established interests deny printing money creates inflation but over the long term it is hard to dispute.


    From 1971 to 1975 (5 years) the U.S. money supply increased 33.5 % and over the next 5 years (1976-1980) inflation increased by 55%, and gold went to $850. The 5 years from 2000 to 2004 has seen our money supply increase by 30.4% and I don't believe it is hard to imagine at least a future 30% increase in prices over the next 5 years. This would average an inflation rate of 6 % annually with precious metals logically going up at least that much, which would equal a $562 gold price in 5 years. Inflation is also coming to China (money supply up an average 13% for 7 years in a row)- and that will surely have a strong effect on gold demand in the next few years.


    With higher inflation, interest rates will then have to go up, bonds will go down, and industrial stocks will have a tough time.


    An economist at the Bank of International Settlements informed me a few weeks ago that the global derivative markets are $279 trillion for exchange traded derivatives but there is an additional $220 trillion in over-the-counter trade derivatives. These numbers are large enough to make one a conservative investor especially when one considers that even a 1% default rate in these speculative and leveraged financial instruments would equal almost the entire U.S. money supply.


    Ex-Federal Reserve Board Chairman, Paul Volcker's recent Washington Post opinion article was titled; An Economy on Thin Ice . He basically warned the establishment that a "financial crises" was possible if things did not change. Policy makers in every country know what the guy in the street knows. There is no free lunch. If someone does happen to get one, you can bet that somehow someone somewhere will pay for it. Governments globally are run by an elite group of people who are elected on promises. They all know that if you do not keep the people happy, sooner or later you are either voted out or strung up. The solution for the last 20 years for these voted-in officials has been to print money and run up government debts…but do not stop the parade. But now the parade could be running out of steam and the financial repercussions could be severe.


    I have never been an alarmist or a doom and gloom person, but bad economics (from too much debt and money printing) is bad economics. When and if things go bad, it will pay to have liquid assets that are no one else's liabilities and regardless of any disruptive economic scenarios will stand up and be there as a store of value. Precious metals are actually the only liquid asset that can claim that position. The U.S., Japanese, Indian and Chinese economies are still positive. However, as we go forward their stock markets will have a tough time as inflation returns and interest rates follow to the upside.


    The main concept I think of when buying a mining company is how much "money in the ground" do I own. If Paul Volcker is right, then the value of mining stocks will rise significantly. A good investment premise in this day and age is to own companies that allow you some financial security and insurance, but also give you exposure to growth and future cash flow. Only certain precious metal mining stocks really qualify. I would guess that 9 out of 10 of the mining stocks out there do not qualify therefore stock selection is crucial.


    Portfolios should be diversified across at least a dozen mining companies that have the goods in the ground and are well financed or positioned to bring on new production in the years to come. You want growth to look forward to and also plenty of value in the ground to ultimately protect our wealth. Remember risky exploration companies give you none of the above. The high-risk end of mining should only be for a very small part of your portfolio.


    Gold mine supply declined 4.9% in 2004 and there was strong jewelry demand (+5.2%) even with gold above $400 most of the year. Because of this steady and increasing demand sector and because there is at least a 5-10,000 tonne short position in gold (bullion banks and mining hedge books), it is most likely that a gold price below $410-415 is very unlikely. If gold were to go to $500- 600 then this short position could be catastrophic for the shorts. Bankruptcies for the bullion banks and professional oblivion would be the fate of anyone remotely responsible. Therefore I expect plenty of short covering on all sell-offs. This is why I feel gold at $400-410 should be a floor price. Any dips below this level most likely will be short-lived.


    For more articles on gold, mining stocks and the economy please visit our website.




    Kenneth J. Gerbino
    9 June 2005


    Kenneth J. Gerbino & Company
    Investment Management
    9595 Wilshire Boulevard, Suite 303
    Beverly Hills, California 90212
    Telephone (310) 550-6304
    Fax (310) 550-0814
    E-Mail: kjgco@att.net
    Website: http://www.kengerbino.com

  • Juniors aus Kanada

    @eldo,
    die MNG haben wir gehabt wegen GG Übernahme?


    Gestern hat sogar ein Truthahn das fliegen gelernt. Silverado so über 20%. Diesen Mist hab ich auch noch im depot.
    Verkaufst das jetzt glei, oder steigt´s vielleicht no weiter, das ist die Frage.


    Silber kam zurück, das hab ich erwartet, aber MGN nicht.
    Die hab ich ja verkauft. So geht´s


    WML.V hat die 1 erreicht. Da hab ich jetzt gut 50%.
    Sie fragt: "Should i stay or should i go? :D


    Man hat´schon schwör......


    Tschonko

  • Gold und Silberminen im fernen Osten

    @eldo,
    klar reden wir von Avo, die haben wir gestern weggekauft die 5500 zu 1,01. Nehme an, dass Ulfur auch beteiligt war und Mathiasch hat nur mehr eine Teilausführung bekommen. Ich war schon früher dran.
    Jetzt wird wieder Ruhepause sein in Fra.


    Value,
    du hast CDU in den fernen Osten verbannt.
    Interessanter Bericht: titan soll da auch drin sein.
    Die adresse, wohin die probe versandt wurde, ist 1A.
    Pampa de Pongo also erweitert.
    Und nahe bei Marcona, wo die Chinesen schon dran sind.
    Hafen nicht weit.
    mhmmm..... aha.....so..so.


    Kurs fällt, ich glaub, die haben das noch nicht gecheckt in USA u. kanada.


    Tschonko

  • Nevada Pacific Gold Ltd. WKN 929 971 ISIN CA6413981029 NPG

    Danke Ulfur,
    dann hat der, der auf deutsch übersetzt hat, auch einen Fehler gemacht.


    Ich hab auf folgendem satz berechnet:
    "The average grade of the mined ore was 2.1 grams gold per tonne for a total of 7,871 ounces gold placed on the leach pad for the month of April (13,177 ounces was placed during the third fiscal quarter). "


    Aber es dürften nur ca 25000oz jährlich sein,


    was wiederum dem "13,177 ounces was placed during the third fiscal quarter" widerspricht, da wären es hochgerechnet ca 53000oz.


    Ich hab die 7871oz hochgerechnet auf ca 95000oz., das dürfte auf jeden fall falsch sein.


    Grüße
    Tschonko

  • Gold und Silberminen im fernen Osten

    @mathiasch
    Hi, hi,
    so geht´s mit dem ankündigen.
    Ich wár´s net.



    Ulfur
    könntest du mal im nevada pacific Thread vorbeischauen.
    Wir kennen uns da nicht aus wegen gross ounces etc.
    Ich hab da wahrscheinlich einen Bledsinn zusammengerechnet.
    Nur kurze Stellungnahme, wenn es dir ausgeht.


    Grüße
    Tschonko

  • Northern Orion Resources Inc. WKN 812 956 ISIN CA6655751064 NNO

    Northern Orion hat im NW Argentiniens Anteile von Alumbrera, die noch ca 15 jahre Lebensddauer hat.


    [Blockierte Grafik: http://www.northernorion.com/i/maps/alumbreraMap.jpg]


    Quick Facts
    Ownership interests: Northern Orion 12.5%, Xstrata Plc. 50%, GG 37.5%


    Located in northwest Argentina at a 2600m (8500 ft) elevation,


    Project capital cost of US $1.3 billion, including associated infrastructure


    Commenced operations in February 1998


    Open pit mining operation


    One of the world's largest copper and gold mining operations, and among the world's lowest cash cost copper producers


    Production: Northern Orion's 12.5% share since its acquisition date of June 24, 2003: 51,225,000 pounds of copper and 82,300 ounces of gold (through June 30, 2004)


    Forecast production 2004:
    (100%): 388 million pounds of copper and 570,000 ounces of gold
    (NNO's 12.5% share): 49 million pounds of copper and 71,000 ounces of gold


    Proven and probable reserves (2003): 4.1 billion pounds of copper and 7.1 million ounces of gold
    J
    une 2004: increased ore reserves raises contained metal reserves by more than 20%, equating to an additional 350,000 tonnes of contained copper and 1.2 million ounces of gold over the life of the mine



    Aqua Rica gehört 100% NTO.
    Dazu lese man den Eingangsbericht


    Und Cerra Ataja gehört CDU/CDY.


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

  • Northern Orion Resources Inc. WKN 812 956 ISIN CA6655751064 NNO

    Northern Orion Announces Updated Agua Rica Resource Estimate and Guidance on Project Economics
    Thursday June 9, 8:33 am ET



    VANCOUVER, British Columbia--(BUSINESS WIRE)--June 9, 2005--Northern Orion Resources Inc. ("Northern Orion") (TSX:NNO - News; AMEX:NTO - News) is pleased to announce that it has completed an updated resource estimate for its 100%-owned Agua Rica copper/gold/molybdenum project located in northwest Argentina and an interim financial outline of the project that is currently undergoing a feasibility study suitable for financing purposes (the "Feasibility Study"). The Feasibility Study is based on the development of the Agua Rica project on a stand-alone basis. Work on the project to date indicates that the development of Agua Rica is technically feasible and could be developed as a long life, low cost copper/gold/molybdenum mine with strong economics.
    Based on the capital and operating cost assumptions outlined below, Agua Rica yields an NPV at an 8% discount rate of US$282 million at a copper price of US$1.00/lb, gold of US$400/oz and molybdenum of US$5.00/lb, producing copper at an anticipated cash cost of US$0.23 per pound, net of byproduct gold and molybdenum credits.


    "We are very pleased with the ongoing development of the Agua Rica project and its robust economics in the current capital and operating cost environment and with conservative metal price assumptions," commented David Cohen, President & CEO of Northern Orion. "Our analysis to date confirms that Agua Rica remains one of the premier global copper/gold/moly projects under development as we move the project through its final feasibility. We continue to add highly qualified personnel to our development team led by Brian Montpellier."


    Feasibility Study Progress


    Northern Orion has initiated a Feasibility Study with Hatch Associates Ltd. ("Hatch") on the construction and operation of a stand-alone mine and processing facility at Agua Rica that is scheduled to be completed early in 2006. Northern Orion has requested Hatch to provide a conceptual level update of the capital and operating costs for the project based on the 1997 Initial Feasibility Study undertaken by BHP to include changes in scope and project infrastructure requirements. The major changes in scope include:


    - Relocation of the process plant and tailings into a significantly drier area to the north-west of the mine site.


    - A primary crushing station, tunnel and conveying system to handle waste rock and store it near the plant site.


    Substantial fieldwork programs and studies are currently underway to support these changes, including drilling to confirm geotechnical, hydrogeological, water, environmental and metallurgical assumptions in the Feasibility Study. Delays in bringing suitable drills onto site for this work program have resulted in a two-month extension of the Feasibility Study, now scheduled to be completed in early 2006.


    The Feasibility Study is presently based upon the development of an open pit mine on the Measured and Indicated resource delivering approximately 70,000 tonnes per day of ore at a strip ratio of 1.5 to 1.0. At this operational tonnage, Agua Rica would have a mine life in excess of 30 years. The detailed mine development schedule is currently underway. The following table outlines the anticipated production scenario for the initial 10 years and full life of mine:


    --------------------------------------------------------------------
    Years 1 to 10 Life of Mine
    ------------- ------------
    Ore Milled, Tonnes Per Day 66,478 67,334


    Average Grade Copper 0.71% 0.58%
    Gold 0.30 g/t 0.24 g/t
    Molybdenum 0.03% 0.04%


    Annual Production Copper lbs, millions 327 270
    Gold ozs 116,000 95,000
    Molybdenum lbs, millions 10.8 12.2
    --------------------------------------------------------------------



    The present plan is that mined ore and waste rock would be conveyed through a 7 km downhill tunnel to the plant site and waste would be disposed of in a waste rock storage facility in the vicinity of the plant. The envisaged process plant is a typical large tonnage concentrator. High grade copper and gold concentrate would be transported via a pipeline and train network to the Parana River for ongoing sea shipment to international smelters.


    Economics


    The updated preliminary pre-production capital cost (within +/-30% accuracy), including mine site development, mining equipment, process plant, tailings and waste disposal and infrastructure, is estimated at US$996 million as follows:


    Direct costs $ 680 million
    Indirect costs $ 179 million
    20% contingency $ 137 million
    -------------
    Total $ 996 million
    -------------
    -------------


    The updated preliminary operating cost is estimated at US$6.89 per
    tonne milled as follows:


    Mining, milling, G&A $ 6.59
    Shipping to export port $ 0.30
    ------
    Total cash cost per tonne milled $ 6.89
    ------
    ------



    Northern Orion has calculated a preliminary, pre-tax, pre-royalties Net Present Value ("NPV") at an 8% discount rate of US$282 million for the life of mine with metal price assumptions for copper US$1.00/lb, gold US$400/oz and molybdenum US$5.00/lb. Pre-production capital payback is estimated at 6.1 years based on the above assumptions. Sensitivity analysis indicates an increase in NPV of:


    - US$ 23 million for every US$0.01 increase in the copper price;


    - US$ 91 million for every US$1.00 increase in the molybdenum price; and


    - US$ 9 million for every US$10 increase in the gold price.


    Anticipated cash costs of US$0.23 per pound of copper, net of gold and molybdenum byproducts at the above price assumptions for the life of mine are in the lower quartile of cash operating costs. Cash costs decrease by US$0.003 per pound for every US$10 increase in the gold price and US$0.047 per pound for every US$1 increase in the molybdenum price.


    Based on the assumptions outlined above, at current metal prices of copper US$1.55/lb, gold US$425/oz and molybdenum US$37.50/lb, Agua Rica would yield an NPV at an 8% discount rate of US$4.5 billion, a pre-production capital payback of 1.9 years and an estimated cash cost of minus US$1.30 per pound of copper net of byproduct credits.


    The Company cautions that the calculations and the projections outlined above are highly preliminary in nature and are based on information and assumptions that are subject to change as the Feasibility Study progresses.


    Financing


    Northern Orion has completed the selection of a syndicate of debt financing banks to work in parallel with the Feasibility Study in order to develop a project financing facility that includes commercial debt, export credit finance and multi lateral agencies. This syndicate will be announced in June 2005. With over US$140 million in cash and ongoing cash flow from Alumbrera, it is expected that Northern Orion will have the ability to finance the required equity internally.


    Resource


    An updated mineral resource estimate based on the full set of 176 drill holes was completed in March 2005 as part of the Feasibility Study by Giroux Consultants Ltd. and Hatch. This estimate differs from the earlier estimates in its geological interpretation of zone geometry and provides a more comprehensive set of geological and mineralogical parameters, complementing the previous data generated by BHP Minerals in 1999, and allows for more accurate grade interpolation constrained on revised variography. The updated resource accounts for the distribution and polymetallic nature of the deposit and has increased the Measured and Indicated resources, and significantly the Inferred tonnages previously released in 2003. Northern Orion has identified a Measured and Indicated resource of 1,457 billion tonnes at a 0.2% copper cutoff containing 14.1 billion pounds of copper, 8.9 million ounces of gold and 964 billion pounds of molybdenum and a further 972 million tonnes of Inferred resource at the same cutoff containing 7.7 billion pounds of copper, 4.4 million ounces of gold and 771 million pounds of molybdenum.


    The following tables outline the current resource breakdown and previously released 1999 BHP estimate:


    176 Hole Model (2005)
    --------------------------------------------------------------------
    RESOURCE Cutoff,
    CATEGORY %Cu Mt %Cu %Mo Au, g/t
    --------------------------------------------------------------------
    Measured & Indicated 0.20 1,457 0.44 0.030 0.19
    0.40 671 0.62 0.035 0.26
    0.70 160 0.96 0.035 0.34
    1.00 48 1.31 0.035 0.38
    --------------------------------------------------------------------
    Inferred 0.20 972 0.36 0.036 0.14
    0.40 331 0.50 0.052 0.16
    0.70 100 0.75 0.052 0.18
    1.00 26 1.00 0.029 0.24
    --------------------------------------------------------------------



    This resource estimate was reported in March 2005 and titled "Independent Technical Report, 2005 Resource Estimates". The details of the key assumptions, parameters and methods used to determine the resource can be found in the report on http://www.sedar.com. Mineral resources which are not mineral reserves do not have demonstrated economic viability.


    150 Hole Model (1999)
    --------------------------------------------------------------------
    RESOURCE Cutoff,
    CATEGORY %Cu Mt %Cu %Mo Au, g/t
    --------------------------------------------------------------------
    Measured & Indicated 0.20 1,329 0.46 0.032 0.14
    0.40 678 0.64 0.037 0.24
    0.70 165 0.99 0.036 0.32
    1.00 60 1.31 0.040 0.35
    --------------------------------------------------------------------
    Inferred 0.20 385 0.32 0.031 0.11
    0.40 72 0.49 0.044 0.15
    0.70 2.3 0.80 0.032 0.35
    1.00 0.25 1.10 0.018 0.60
    --------------------------------------------------------------------



    All information contained in this press release that is of a technical and scientific nature has been prepared under the supervision of Mr. Callum Grant, P.Eng of Hatch and Mr. Alan Giroux, P.Eng of Giroux Consulting Ltd., each of whom is a Qualified Person as defined by National Instrument 43-101.


    Teleconference call details


    Northern Orion will host a telephone conference call on Thursday, June 9 at 9:00 a.m. Pacific Time (12:00 noon Eastern) to discuss the Agua Rica development. The conference call may be accessed by dialing 1-800-478-9326 in Canada and the United States, or 1-416-695-5801 internationally.


    The conference call will be archived for later playback until June 16, 2005 and can be accessed by dialing 1-800-408-3053 or 1-416-695-5800 and entering the pass code 3156319#.


    David Cohen, President and CEO


    Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to, those with respect to the price of molybdenum, gold, silver and copper, the timing and amount of estimated future production, the potential and/or projected cash flow generated from production, costs of production, reserve determination and reserve conversion rates, and the potential for further equity dilution involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Northern Orion to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to international operations, risks related to joint venture operations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, uncertainty in the estimation of ore reserves and mineral resources, changes in project parameters as plans continue to be refined, future prices of gold, silver and copper, economic and political instability in Argentina, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation as well as those factors discussed in the section entitled "Risk Factors" in Northern Orion's Renewal Annual Information form attached to Northern Orion's latest Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Northern Orion has attempted to identify important factors that could cause actual results to differ materially, 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. Northern Orion disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.


    Northern Orion Resources Inc. (TSX:NNO - News; AMEX:NTO - News)




    --------------------------------------------------------------------------------
    Contact:
    Northern Orion Resources Inc.
    Investor Relations
    1-866-608-9970
    info@northernorion.com
    http://www.northernorion.com




    --------------------------------------------------------------------------------
    Source: Northern Orion Resources Inc.