Beiträge von Tschonko

Ja Dau,
harte Zeiten. Ich find´s auch nicht lustig, wenn dich das tröstet...

Ja, so wird´s wohl sein.
Zusammenschlüsse von Companies,
Kauf auf Aktientausch und a bisserl Cash.
Und Kleinvieh wird größtenteils ausgecasht.
Und die, die keiner will, verwesen vor sich hin.

So wie die meisten hier. Wir brauchen a bisserl a Äkdschn!

'Big Silver' Sees 'Little Silver' Targets

by: Marc Courtenay posted on: July 29, 2008 | about stocks: HL / JINFF.PK / PAAS / SVMFF.PK Some of the biggest silver producing companies on the planet see a unique opportunity forming quickly.
The junior silver miners and explorers are cheap and perhaps very undervalued by some measures. I'm not going to speculate here on specific names...on the other hand, maybe I will.
When I see Silvercorp (SVMFF.PK), which trades on the Toronto exchange under the symbol SVT.TO, down around its 52-week low, I wonder if some of the top feeders in the silver "food chain" like Pan American Silver (PAAS) can't see this as well.
Silvercorp is a super-high-grade Chinese silver producer, which the folks at Casey Research seem to think is "the victim of a drive-by 'market perform' forecast" by a disoriented analyst.
Here's a company that posts a wonderful record profit (US$108.4 million in FY08 vs. $39.8 million in FY07) and has reported discovering more super-high-grade silver and gold mineralization.
It is on track to deliver all the growth that the company has promised for this year including triple the production at one one its mines and the market brings it down by over 50%. What gives?
Yeah I know, "where there's smoke there is fire", but the only smoke an objective analyst would see might come from what he's smoking. This is a great buying opportunity of a quality silver producer.
The same thing is going on in Latin and South America, and one of the big silver firms knows it quite well.
Pan American Silver hopes to take advantage of tight credit conditions by seeking out cash-strapped development-stage projects to augment its roster of Latin American silver mines, the company's chief executive said on Friday.
"There's certainly a window that is opening that in my view was not open before," Pan Am CEO Geoff Burns said of the recent decline of valuations among exploration companies.
"Probably in the last four months, we've really noticed junior companies that have projects, all of a sudden they can't get financing," he said in an interview.
Now, rather than scouring the market for affordable targets willing to do a deal, Burns' phone has been ringing with cash-strapped juniors looking for a larger partner.
"Before it would be us approaching somebody else... now it's coming back the other way," he said, adding that he expects the company will be able to announce a deal before the end of the year.
Burns said one or two acquisitions are key to Pan Am continuing to expand its production past 2011. Pan Am's silver output is seen rising by around 60 percent by 2011 from last year's levels. Take a look at the chart below of the share price.
[Blockierte Grafik: http://chart.finance.yahoo.com/c/1y/p/paas]

PAAS is looking like it wants to go "on sale" again, and remember it is selling for only 13 times forward (12 months) earnings.
These are people who know how to "cash in" on the silver boom and the opportunities to buy or joint-venture with smaller companies.
They're not the only ones either. Hecla Mining (HL) will have an earnings conference call on Tuesday, August 5th, and it wouldn't surprise this silver bull to hear about their plans to "buy low" into the low-priced silver junior market.
Remember, Hecla is by some calculations the lowest-cost silver producer on planet earth and they have the Greens Creek Mine all to themselves now.
They are growing in Latin America as well and have a 100% interest in the San Sebastian unit in the state of Durango, Mexico
So who might be tempted to gobble-up Silvercorp? How about Jinshan Gold (JINFF.PK) as a possible suitor? Or how about another Asian producer? The possibilities are definitely there.
Meanwhile, Pan American's Burns said he also expects silver prices to go back above $20 an ounce before the end of the year, due to strong industrial demand from Asia and the emergence of silver as an alternative to gold as a hedge against U.S. dollar weakness.
I calculated that if silver traded at a fair ratio to the price of gold (say 30-to-1), silver would rise to $33 an ounce when gold goes back to $1,000. Is that possible? In the silver market, all things are possible, including buying sprees and cornered markets.
Disclosure: Author holds long positions in SVMFF.PK, PAAS, JINFF.PK and HL

Moriarty zu Sterling und de Motte: die späte Rache!
Wenn er sich mal gelinkt fühlt, dann vergisst er das nie......
Da gab´s ja im Frühjahr schon mal einen sagenhaften Text zu einer Firma! Kann man bei 321 gold im editorial nachlesen...

Er erwähnt auch Arian Silver (AGQ.V), und man sieht, er hat noch immer Wirkung...
Die hab ich wegen Geldsorgen wieder verkauft

http://www.321gold.com/editorials/moriar…arty072808.html

USA.V mit markanter Steigerung, cash costs um 12,5, das ist schon noch hoch, d.h. da wird noch kaum was verdient.
Müsst aber kommen..

U.S. Silver Reports June Silver Production Up 37% Over 1st Quarter
Monday July 28, 10:53 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Jul 28, 2008 -- U.S. Silver Corporation (CDNX:USA.V - News) ("U.S. Silver" or the "Company") is pleased to announce that June silver production was 161,000 ounces which is 37% higher than average monthly production in the 1st quarter 2008 and 61% higher than the average monthly production from 2007. This is an annualized rate of approximately 1.93 million ounces.[Blockierte Grafik: http://us.bc.yahoo.com/b?P=Lgp…REC%2fB%3d5310625%2fV%3d1]

Production Rates
The mine averaged 879 tons per day in June, an increase of 260% compared to the 2007 average of 338 tons per day and a 198% increase as compared to 1st quarter 2008 numbers. June's production of 161,000 ounces of silver is the highest monthly production since U.S. Silver acquired the Galena Mine Complex. The mine also produced an additional 33,400 ounces of silver equivalents in the form of lead and copper by-products. Management continues to anticipate silver production levels will increase to over 250,000 ounces of silver per month by the end of 2008.
In the short term, management expects production in July to be similar to the relatively higher levels of May and June. Plans are for production to increase further in the 4th quarter as new production from the 5200 level silver-lead zone begins, and increases from other levels continue.
To view the graph accompanying this release please click the following URL: http://media3.marketwire.com/docs/U.S.%20Silver%20Graph.pdf
The costs at the Galena Mine during June remained in the $12.50 per ounce of silver. Management believes that costs will decline, particularly in the 4th quarter 2008, as the fixed costs of both mining and milling are spread over greater silver production and as grades in both ore types increase as ore production moves from development into regular production where dilution levels will shrink.
Lead Hedges
During the past month, the Company unwound some of its hedges involving lead that had been put in place during the 4th quarter 2007. Originally, the company had contracted to sell over 6 million pounds of lead during 2008 at an average price of over US $1.55 per pound. The Company unwound approximately 4 million pounds of lead hedges by late June 2008 at an average price of approximately US $0.75 per pound. The gain on these transactions will be booked over the remainder of 2008 in the respective months of the original maturity of each contract closed. Remaining lead hedge contracts run from December 2008 through May 2009. As lead production forecasts are refined, additional lead forward sales may be executed. As always, the Company remains totally unhedged with respect to silver production.
U.S. Silver Corp. remains debt free and has cash and investments of over $16 million.
QUALIFIED PERSON
Information of a technical nature in this press release respecting the properties has been prepared and reviewed by Mr. Daniel H. Hussey, Manager of Exploration for U.S. Silver who supervised the drilling and sampling programs, and resource estimation. Mr. Hussey is a "qualified person" within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly-owned subsidiaries, owns and operates the Galena, Coeur, and Caladay silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver producer in U.S. history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding its production from existing operations as well as exploring its extensive Silver Valley holdings.

Value,
ist jetzt Minco Gold zu billig oder minco Silver zu teuer?

Moriarty zu Sterling und de Motte: die späte Rache!
Wenn er sich mal gelinkt fühlt, dann vergisst er das nie......
Da gab´s ja im Frühjahr schon mal einen sagenhaften Text zu einer Firma! Kann man bei 321 gold im editorial nachlesen...

http://www.321gold.com/editori…iarty/moriarty072808.html

Failure is an option in mining
Bob Moriarty
Archives
July 28, 2008
Many writers have pointed out that we are probably in the 2nd phase of the precious metals bull market. The first phase ran from the middle of 2001 at the bottom until December of 2004 when we had a major top. The juniors have kind of moved sideways for at least a couple of years. A few did well; many haven't done much at all. In 2002 and 2003, even the biggest turkeys were flying, the wind was so brisk.
In phase 3, even bigger turkeys will fly but we aren't there yet. We are in the area where disgruntled shareholders and directors are firing CEOs left and right. Many deserve it, many don't. Failure is an option and many juniors have failed.
From 2nd quarter 2003 to the 2nd quarter of 2004, the share price of Sterling Mining went from around $.25 to $14. I met with Ray Demotte of Sterling when the stock was $.75. He thought it was worth $2-$3 in a year, I thought it was worth $7- $8 if he communicated the brilliant move of purchasing the Sunshine Mine in Kellogg, Idaho. We were both wrong, the stock shot to $14 on the strength of just the name. Everyone knows the name of the Sunshine.
At $14 Demotte ran around Vancouver telling everyone the stock was really worth $30 and it was all due to his brilliance. I told him that he needed a real management team and if he wasn't careful, he would have a $3 stock. Again we were both wrong. He never hired the management team he promised me and the stock plummeted to $.95.
In late May of 2008, his rubber-stamp Board of Directors turned on Demotte and let him go; "Raymond De Motte is no longer President of the Corporation." I'm told they got to the point they couldn't make payroll and were on the verge of bankruptcy. It was an action long overdue. You haven't heard boo from a goose from any of the silver "Gurus" but Ray Demotte had no mining background and couldn't mine his way out of a wet paper bag.
That said we probably have hit a major bottom in gold shares last Friday. According to my favorite chart investors favor the metal over mining shares more than at any time in the last five years. That is the mark of a bottom. Investors hate gold shares. Gold and gold shares should be at a low.
<img src="http://www.321gold.com/editorials/moriarty/moriarty072808.gif" align="bottom" />
The slow motion crash of the world financial system continues. The FDIC seized two more banks last week. Fannie Mae and Freddie Mac have for all practical purposes been nationalized. Those brilliant 435 fools in Congress now get to vote on the correct price for their shares. I hope they vote the right to do the same with my gold and silver shares soon.
On the 22nd of July Minco Silver (MSV-T) announced a takeover bid for Sterling Mining. As is usual with most takeover bids, MSV immediately dropped 10% while Sterling climbed to $1.30 from $1.25. I'm surprised on both counts. It's a great deal for Minco, putting them solidly in the mid-tier category and it saves Sterling from bankruptcy.
In late June Sterling took out a secured loan for $2.021 million dollars at an annual interest rate of 56% with payment due in 120 days. That should give you a good idea of just how critical things got. But Sterling has assets, real assets that in the right hands could be quite valuable.
Sterling believes they can produce 2.8 million ounces of silver in 2008 and ramp up production to over 5.84 million ounces in 2011. The company ran out of money at just about the same time they ran out of management. Their 43-101 ounces are over 231 million ounces.
Minco Silver is offering .51 shares of Minco (MSV) per Sterling share. At the time of the offer, it was worth $1.58 a share to Sterling shareholders. I was aware other silver companies were looking at Sterling but I didn't know Minco was bidding until the press release.
The bid may seem cheap but I can guarantee Demotte left a pile of unexploded mines all over the company. I watched him for five years and it was remarkable that he never showed up on the SEC's radar screen. It won't be a totally clean takeover; the board did nothing but rubber stamp Demotte for years. There will be surprises.
Even knowing that, I think Minco is a good fit. I think the bid will succeed and I think they will close the deal, headaches and all. Minco is well on the way to becoming a large silver producer in China with their Fuwan project at a bankable feasibility stage with 140 million ounces of silver and another 16 million ounces of silver at Changkeng.
I wrote the company up in early March and nothing has changed except the price is lower. Now they are on the verge of doubling potential silver production to 10 million ounces a year in a few years. That's a giant leap forward.
Banks are in the business of lending long and borrowing short. At any given time in the business cycle, a run on any bank would put it into bankruptcy. Not because they aren't profitable, profit has nothing to do with it. But because they run out of cash. We can't know if Washington Mutual will go belly up but we can guess a lot of banks are on the edge of collapse or a run. But a collapse of WaMu would bankcrupt the FDIC all by itself.
Americans still believe the government can step in and save them. If IndyMac goes teats up, all of their insured savings up to $100,000 are insured and half of everything after that. But there was still a bank run. What happens when Americans wake up and realize the FDIC is in worst shape than the banks and more highly leveraged? What happens when the FDIC can't cover the trillions of dollars they have covered?
Personally I don't keep any money in banks except what I need for paying a month's bills. Even that is at risk but it's a risk I'm willing to take. I believe more Americans wake up daily and one day very soon there will be an Argentina style run on all the banks and there is an excellent chance it will go worldwide.
Before that happens you want to have as much money as you can pour into producing silver and gold shares.
When I wrote up Sterling Mining in 2003, an ounce of silver in the ground was valued at $.76 by investors with $5 silver. Now with $17.37 silver you can buy silver in the ground from Minco Silver at below $.60. That's nuts.
But I came across an even better deal last week. Arian Silver (AGQ) closed at $.145 on Friday, a new all time low for the stock that has traded since mid-2006. With just over 131 million shares outstanding, that gives AGQ a total market cap of just over $19 million dollars. But AGQ has 50 million 43-101 silver equivalent ounces and is about to report much higher numbers. Based on Friday's close, investors can buy silver ounces in the ground from Arian at $.38. That's not nuts, that's universe class insanity. Silver Standard was getting $.67 with $5 silver.
And Arian has plans for near-term production in one of the most mining friendly countries in the world, Mexico. This isn't a stock anyone should be selling, it's a stock everyone should be buying.
Arian and Minco are advertisers. We own shares in Arian but the Minco/Sterling deal just took place and I haven't come to grips with it just yet. We are biased so I beg readers to understand they are the ones who win or lose and should be responsible for their own due diligence.
But silver in the ground below $1 an ounce is pretty cheap

Lucky,
ja, die USA.V Warum glaubst, red i in letzter zeit.....

Hab gestern CCE.V gekauft.
http://www.commerceresources.com/s/Home.asp (gibt´s auch in deutscher Sprache)

Da sollte bald die Meldung kommen zur Machbarkeit.
Haben sehr viele shares heraußen.

Aber ich brauch jetzt einige Trades.

Käufe von FR.TO und TLR haben sich als zu früh herausgestellt.

Depot: Ist wie bei Hochwasser. Erst wenn das Wasser zurückgeht, erkennt man die wahren Schäden.

Hab definitiv zu viele Explorer im Depot, die sich auf lange zeit nicht mehr erholen.
Stabilisierend waren die Driller und die 4 Ölpositionen, wobei ich 2 rechtzeitig verkauft habe. 3 wären besser gewesen.

Explorer: da hab ich auch so eine kategorie, die unter mögliche riesige Funde läuft.
Da muss nur einer kommen, dann kann der Rest verwesen.....

Grüße
Tschonko
(waren 3mal CNQ und 1 mal OMV, geblieben sind 2mal CNQ)

Gutes Thema.......

In der theorie recht einfach:
1. Companies in Produktionsnähe oder am beginn der produktion stehend mit langanhaltenden Reserven.
2. Producers mit guten Cashcosts und Einnahmen aus dem Minenbetrieb
3. Explorer und Producer mit riesigen Resourcen, das sind die Übernahmekandidaten.
(siehe Aurelian)

Cashcosts. Gold: bis maximal 500
Silber: bis maximal 7

Sehr gut auch Gerbino:
1. http://www.kengerbino.com/BigNewsOnGoldStocks.html

Big News on Gold Stocks & Notes on the Juniors You Need to Know
By Kenneth J. Gerbino
24 April, 2008 <img src="http://www.kengerbino.com/images/H.gif" alt="" align="left" />
ere is my assessment of the current gold share market.

• The gold price is taking a much needed correction and bullion corrections are almost always severe and volatile and the shares follow.
• Obviously gold coming down could mean less profits and cash flow for companies and this unnerves some holders to sell.
• With major investment banks projecting a long term gold price of $700, some portfolio managers that usually invest in GE or IBM are thinking that this may be the start of a major downturn. They are therefore selling.
• These managers don’t understand that 95% of the mining analysts have never got it right on the metal prices the 35 years I have been investing in the mines. Analysts are conservative and they are cautious. They are usually from a geology or engineering background. What do they know about global economics? And if they are economists – God help us.
• Lot’s of new money has come into the gold mining sector the past year and this is money that is not philosophically tuned into gold as money and most think the Fed can actually manage the currency and printing money is the normal thing to do. They saw gold going up and the stocks having positive momentum and this made sense for them to buy. When this momentum stopped they were ready to sell.

Good News
Currently there is plenty of money on the sidelines from gold share sellers that have been liquidating since November. There has been a 3-5 month topping formation in all the major gold shares (We will talk about the juniors later). Many of these sellers will most likely be back in the market for five reasons:
1. They did very well getting out at higher prices and are now somewhat familiar and comfortable with the valuations and the companies and after a 20-30% correction that is obviously overdone, they will be anxious to get back in
2. Worldwide food riots, and the globally reported inflation numbers from just about every country is a leading indicator of higher consumer prices and hence higher gold prices. This is easy for anyone to understand.
3. The financial situation with the banking system is without a doubt enough to convince even a small portion of these non gold bug portfolio managers that a small allocation to the gold miners is probably a good idea. Since they control tens of trillions of dollars, even a small portion in mining shares will eventually create a substantial market.
4. There are also thousands if not tens of thousands of money managers and hedge fund managers that totally missed the first leg up of the gold market and the gold shares and have been patiently waiting for a correction to finally get in. These people are now aware of how bad the possible financial repercussions of the leverage and derivative craze could become and will certainly want some exposure to the metals and the shares. This correction will allow them an entry point.
5. In March the PPI and CPI in the U.S. both annualized over 11%. This is a stat that money managers and global investors will not ignore. Inflation is heating up and the Fed is still lowering interest rates. Even establishment Fed lovers know that this means they should hedge a bit with some gold.
The Market Right Now
With the recent sell off in the gold shares this week plenty of short sellers, weak holders and investors that bought at the top are selling and creating a real wicked sell off. I would think that Friday the 25th or Monday the 28th will be the end of this sell off and a substantial rally could develop. The market is very oversold. If the sell off continues then it just means an even better entry point is coming up and probably very soon.
The Juniors
The Junior shares have been in the doldrums for two years and here are the reasons:

• In the last three years there have been probably 3,000 new mining companies formed. Even with average $10 million market caps, this represents a $30 billion dilution to the junior market and a potential windfall to the promoters and insiders that are mostly dealing with moose pasture and geological dreams. Most gold bugs are suckers for a great gold story. So they sell 1,000 shares of a decent junior and buy a 1,000 shares of the moose pasture stock and when enough people do this the decent stock goes down and eventually the moose pasture stock collapses.
• The Canadian mining industry was built on prospectors going out into the wilds with a mule and supplies for a season or so to explore and look for mineral traces on surface. This was high risk and speculators and investors for their grubstake were given a big piece of the action if anything ever developed. This tradition now continues but on a grander scale with the investment banks demanding cheap stock and warrants from the company for their own account and customers. The warrant kicker is now so prevalent in Canada that it has ruined the share structure of many small companies. Insiders sell the newly issued stock as soon as allowable and keep the warrant at no cost. If the deal works they have a free ride. But their selling kills most stocks.
• Drilling rig shortages, assay backlogs and permitting etc. now can add 1-2 more years for a successful discovery to become a buy out or a mine. Time is money and these delays dilute the present value of the company.
• Most management teams of small mining companies usually take very modest salaries. But they can own 2-3 million shares of stock at basically zero cost. They can’t send their kids to college unless they sell some shares. They also can’t wait 5-8 years for the mine they hope they will discover or for the ore body they actually have discovered to become a mine. When you are buying stock after a great press release the seller is most likely an insider.
• After the last two years and lower junior stock prices people give up and start looking for larger companies. They then add selling to the market.

Unfortunately all these factors have really hurt the junior sector so if you are not an expert you should be careful. Thinking of holding on to a loser means you will most likely have your capital die a slow death.
Unless you own a junior mining company that is loaded to the gills with gold and silver reserves and resources you are in trouble. The ore body better be an economic ore body that actually without a doubt (almost) can become a profitable mine. The stock should be so undervalued that even the insiders are buying.
Most hard money investors would be well served to use these rules:

• Sell any stock that is issuing warrants with their next financing and tell your broker why and have him call the company as well.
• Never put more than 5% of your money in exploration stocks unless it is an advanced exploration play with plenty of prior drill success.
• Look for developmental companies that are within a year from bringing on new production. This is my favorite area for our Fund and one that you should pay attention to.
• Make sure that even with much lower metal prices (gold at $600) the company will still sell for less than 15 times after tax cash flow per share.
• Always look for companies with giant deposits that have economic grade. Even if the company is small, a big deposit gets attention.
• I hate to say good management because almost all companies can make it look like they have good management. But good people make things happen, not rocks.

In the coming years one of the best sectors for investors will be the mining industry for reasons you already know about. Progress in China and India, paper money, derivatives, insane governments, debt, etc. all point towards much higher metal prices for perhaps a decade. Don’t shortchange yourself. Stay with the companies that have the real goods in the ground.
For other articles on gold, mining and the economy visit our archives at http://www.kengerbino.com

2. http://www.kengerbino.com/GoldStocks_CrucialInfo.html

heron,
und Alexis verliert da 12%??????

Zu Sterling:

Zitat

[Blockierte Grafik: http://www.goldseiten-forum.de/wcf/icon/quoteS.png] Zitat von »LuckyFriday«

Die Aktionäre werden in den Arsch gefickt ohne Vaseline.

Auahh, das tut doch weh!

David Bond äußert sich, ich glaub der ...... jedenfalls freut er sich.
Ray geht´s auch gut. Why not?

Sie reden schon wieder von 10 Mille oz jährlich aufwärts.
Vergleichen mit FR.TO und EDR...??

Ich hab gestern so 60% rausgehaut mit 50% Verlust.

http://www.kereport.com/

SRLM hat sicher schon so um die 70-80 mille reingesteckt, jetzt verkaufen sie um 67 Mille.
Minco sollte man sich mal auf die Warrants anschauen. Ich mein, die wurden vor einem Jahr abgespalten...

Im kerereport (link siehe oben) kann man sich auch noch ORO Silver anhören.

Golden Goliath's Summer Exploration Program Yields More High Grade Gold/Silver Results at Uruachic Camp
Thursday July 24, 2:33 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 24, 2008) - Golden Goliath Resources Ltd. (TSX VENTURE:GNG - News; PINK SHEETS:GGTHF - News) is pleased to announce that diamond drilling and underground work is continuing with very encouraging results at both the San Timoteo and Las Bolas properties, which are part of its 100% owned Uruachic mining camp in Chihuahua Mexico. Results from an Induced polarization (I.P.) geophysical survey recently completed at San Timoteo II have now been received. The Company has also received an Advanced Spaceborne Thermal Emission & Reflection (ASTER) analysis report for the Uruachi district by Ward E. Kilby P.Geo of Cal Data Ltd., Kelowna, BC. The report has delineated some highly altered zones & important mineral spectra that are similar to the Carlin Trend Deposits and other large hydrothermal systems. The results from the I.P. survey and ASTER analysis outline several new targets and drilling of those targets will follow........................................
http://biz.yahoo.com/ccn/080724/200807240476052001.html?.v=1

Silverstone und Minera Andes werden auch verprügelt. MAI sogar unter 52 Wo low??
Gründe: Silverstone: da hat Lundin Ausfälle gemeldet
Minera Andes: liegts da auch ein bisserl an Hochschild? Die zahlen ja Exmin nichts .......

Grüße
Tschonko

Zitat von LuckyFriday

Die Aktionäre werden in den Arsch gefickt ohne Vaseline.

Auahh, das tut doch weh!

David Bond äußert sich, ich glaub der ...... jedenfalls freut er sich.
Ray geht´s auch gut. Why not?

Sie reden schon wieder von 10 Mille oz jährlich aufwärts.
Vergleichen mit FR.TO und EDR...??

Ich hab gestern so 60% rausgehaut mit 50% Verlust.

http://www.kereport.com/

SRLM hat sicher schon so um die 70-80 mille reingesteckt, jetzt verkaufen sie um 67 Mille.
Minco sollte man sich mal auf die Warrants anschauen. Ich mein, die wurden vor einem Jahr abgespalten...

Grüße
Tschonko

Lucky, kommst wieder nach München am 7.11?

Das find ich ziemlich spannend, nur mir fehlt das Wissen.
Sind zur Zeit billig.............
Nur wie entwickeln sich die Kosten in der Tiefe in Zukunft??????

U.S. Silver Begins Repair Activity in the Caladay Mine
Thursday July 24, 10:55 am ET

TORONTO, ONTARIO--(MARKET WIRE)--Jul 24, 2008 -- U.S. Silver Corporation (CDNX:USA.V - News) ("U.S. Silver" or the "Company") is pleased to announce the beginning of repair activities associated with bringing the Caladay mine into production. The Caladay Shaft lies approximately 1.3 miles southeast of the Galena Mine No.3 Shaft in Wallace, Idaho. The two mines are already interconnected on the 4900 foot level of the Galena Mine.

The four-phase program includes:
- The repair of the Placer Creek and Caladay portals and the installation of new hoist ropes on the Caladay hoist. This includes upgrades to the timbered sections in the tunnels, repair of the rail access to the hoist room where necessary, and replacing the hoist rope that has been in service for more than 30 years. The repair should be completed by early 4th quarter, 2008.
- Concurrent with the portal repair, additional exploration drilling in the Caladay mineralized zone between the 4900 and 5200 levels of the Galena Mine will begin. This drill program is designed to explore the western zone of the Caladay mineralized area and will provide information for the test mining program. Once drilling is completed, a new resource model will be constructed to aid in the economic evaluation of the Caladay mineralization.
- After the additional exploration drilling is completed, test mining will explore the continuity of the mineralization, ore grades, mining widths, ground conditions, and the applicability of large scale mining techniques. The test mining is expected to start early in 2009.
- Following test mining, a decision will be made regarding large scale mining. Full scale mining activity would utilize the Caladay shaft with either ramps connecting the Caladay 4900 level to the ore zone, or by deepening the Caladay shaft to provide access to the ore.
In the early 1980's, a joint venture of Day Mines, Callahan Mining, and ASARCO spent approximately $32.5 million (about $80.0 million in 2008 dollars) on the Caladay property to construct surface facilities and to sink a 5,100 foot deep shaft, and associated underground workings to explore the property. The existing hoist is currently operational.
The historical underground exploration program conducted in the late 1980's included 94 drill holes. This program was designed to extend the "Silver Belt" of the Coeur d'Alene District further east by delineating the down plunge extensions from the Galena Mine. Exploration was curtailed in 1989 due to the softening of the silver market. As a result, exploration on the property remains incomplete.
About 40 of the diamond drill holes delineated an interesting zone of silver-lead mineralization. Diamond drill holes containing mineralization are on 50 to 150 foot centers and intercepts occur over a vertical distance of 400 to 500 feet. The mineralized zone is open at depth and to the east and west with favorable rock types projected in both directions. Two types of mineralization are seen in Caladay drill holes - disseminated silver-lead, and high-grade tetrahedrite (silver-copper) veins. Selected intercepts are listed in Table 1. Drill hole data listed in Table 1 includes down hole lengths. The true thickness of the mineralized zone cannot be estimated until further geologic interpretation is completed. Callahan Mining Company, the operator of the project in the 1980's, calculated a polygonal resource estimate based on the exploration drill holes as summarized in Table 2.

Table 1. Selected diamond drill hole intercepts at the Caladay project
--------------------------------------------------------------------------
Drill Hole From (feet) To (feet) Length (feet) opt Ag Pb %
--------------------------------------------------------------------------
49-50 452.0 520.0 68.0 8.30 13.47
--------------------------------------------------------------------------
49-53 368.5 394.0 25.5 5.02 5.67
--------------------------------------------------------------------------
49-26 807.3 837.0 29.7 5.75 8.13
--------------------------------------------------------------------------
49-59 392.0 491.4 99.4 4.28 5.11
--------------------------------------------------------------------------

Table 2. Historical Caladay resource estimate
--------------------------------------------------------------------------
Ore Type Ore Tons opt Ag Cu % Pb % Ag Ounces Cu or Pb Tons
--------------------------------------------------------------------------
Silver-Lead 833,000 5.96 5.76 4,965,000 48,000 (Pb)
--------------------------------------------------------------------------
Silver-Copper 185,700 13.12 0.16 2,436,000 297 (Cu)
--------------------------------------------------------------------------
U.S. Silver has not included the Caladay resource in its current ore reserves and resources because additional study is needed to verify the historic data, conduct additional geologic evaluation and interpretation, and to determine the feasibility of mining. However, due to the widths and grades of the ore zones reported in the historic data, the Company believes that the project may be amenable to highly mechanized, low cost, bulk mining techniques.
In addition to the zone of mineralization above, the Company also believes the Caladay Mine may host other vein systems similar to those historically mined at the Galena Mine. This interpretation is based on an analysis of existing Galena Mine underground workings and drilling results at both the Galena and Caladay properties. Further, the Company believes that similar geologic structures which exist at the Galena Mine extend into the Caladay Mine below the level of the current Caladay workings. The Company intends to follow up on these concepts with further intense geologic study of the existing data, followed by a diamond drilling program.
QUALIFIED PERSON
Information of a technical nature in this press release respecting the properties has been prepared and reviewed by Mr. Daniel H. Hussey, Manager of Exploration for U.S. Silver. Mr. Hussey is a "qualified person" within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly-owned subsidiaries, owns and operates the Galena, Coeur, and Caladay silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver producer in U.S. history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding its production from existing operations as well as exploring and developing its extensive Silver Valley holdings.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact: Contacts:
U.S. Silver Corporation
Bruce Reid
Chief Executive Officer
(416) 848-0858

U.S. Silver Corporation
Vance Loeber
Investor Relations
(604) 805-3530
Website: http://www.us-silver.com

Geologix Explorations Inc.: San Agustin Step Out Drilling Intersects Significant Mineralization to a Depth of 417 metres
Thursday July 24, 7:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 24, 2008) - Geologix Explorations Inc. (TSX VENTURE:GIX - News; FRANKFURT:GF6 - News; BERLIN:GF6 - News; STUTTGART:GF6 - News; MUNICH:GF6 - News; the "Company") is pleased to announce initial results from an ongoing drilling program aimed at testing the depth and expansion potential of currently known mineralization. Step out drilling to the northwest in Zone 2 has discovered significant mineralization to a depth of 417 metres in a previously untested area of the project. Please visit the Company's website at http://www.geologix.ca for an updated plan map or view the PDF link http://www.geologix.ca/i/pdf/2008-07-24-NR.pdf.

Rest hier:
http://biz.yahoo.com/ccn/080724/200807240475877001.html?.v=1

Und sehr wichtig für den ganzen Sektor:
Kinross nimmt Aurelian aus dem Markt.
Wenn sie mit Ekuador klarkommen, dann passt das....

Interessant auch der Verlauf von Aurelian, als man den Fund machte bis jetzt. war ja der größte Fund der letzten Jahre.
Kommt noch mehr an Übernahmen, das ist sicher.

http://www.reuters.com/article…AN2449196220080724?rpc=44

Sehr ausführlich bei Kinross:
http://biz.yahoo.com/iw/080724/0418881.html

Ein paar Meinungen zu dem Deal aus anderen Boards: Die hatten wir ja schon, stell sie trotzdem nochmal dazu als Kontrast.
Ein bisserl was steht auch in Silver companies.

http://www.mincosilver.ca/s/Ne…osed-Business-Combination

„Übernahme von Sterling Mining!
Zu später Stunde schlug gestern eine Meldung ein wie eine Bombe! Die neulich geäußerte Vermutung, daß Sterling Mining auf dem aktuellen Niveau ein Übernahmeziel sein könnte, hat sich bewahrheitet! Minco Silver Corp. bietet 0,51 eigene Aktien je Sterling Aktie und beabsichtigt so, Sterling vollständig zu übernehmen. Minco wird Sterling außerdem eine 15 Mio. USD Kreditlinie zur Verfügung stellen, um den Betrieb der Sunshine Mine sicherzustellen. Wie ist die Aktion jetzt zu bewerten?

Fakt ist, daß das Überleben Sterlings mit den Managementkapazitäten und Finanzmitteln von Minco besser sichergestellt ist als ohne sie. Das kombinierte Unternehmen wird über zwei hervorragende Assets verfügen und dank der Sunshine Mine ist weitere Verwässerung unwahrscheinlich. Minco erwirbt hier ein Filetstück zum Ausverkaufspreis und diversifiziert sich geographisch, während Sterling seine Existenz unter einem anderen Dach sichert. Für Aktionäre von Sterling ist der niedrige Übernahmepreis eine bittere Pille, der den Wert der Sunshine Mine nur zu einem Bruchteil widerspiegelt. Es ist zu erwarten, daß einige Aktionäre von Sterling dem Plan so nicht zustimmen und Nachbesserung verlangen. Schlußendlich wird die Transaktion wohl mit wenig Änderungen über die Bühne gehen.

Das kombinierte Unternehmen kann und wird unter den weltweiten Silberproduzenten ein großer Spieler werden. Ende 2009 soll das Fuwan Silberprojekt in China in Produktion gehen und wenn sich die Sunshine Mine bis dann als Cashquelle erweist, wird auch die Finanzierung von Fuwan kein Problem sein.

Trotz des niedrigen Übernahmepreises werten wir die Aktion als vorteilhaft, denn ein bedeutendes Unternehmen ist hier am Entstehen. Sterling-Altaktionäre werden aber noch etwas Geduld haben müssen bis die alten Kurshochs wieder erreicht werden. Mit der neuen Perspektive sind die Aktien von Sterling und Minco kaufenswert.“

Sunshine 20 meint auf stockhouse
http://www.stockhouse.com/Bull…099&l=0&r=0&s=SRLM&t=LIST

I'm not a shareholder but upon hearing this I almost 'barfed in my mouth' in sympathy with those of you who are (shareholders). What a disappointing end to the Sunshine story as an American revival and a shame for the U.S. mining industry as another legend is turned over to foreign interests. A little while back I speculated Sterling could get $2, maybe $2.50 in a stock deal. Minco's offering $1.50 and it could get worse with the closing expected no earlier than December. Note the $15 million credit line and Minco only has $12 million in cash. Also note per the new Minco corporate presentation they expect the Sunshine to produce 1.5 million ounces this year (about half the original 2.8 million ounce goal). It's always nice to see your corporate updates coming from a third party. The presentation also makes some silly statements that could prove to be embarrassing once Minco has performed due diligence, such as "no discharge issues", "resolved all environmental issues", and "all permits in place". As if to go out of their way to show how little they know about the Silver Valley, these Minco guys actually place the Lucky Friday between the Galena and the Sunshine! I would expect they might agree with Ray and Behr Dolbear that since Sterling is not a party to the 2001 Consent Decree, the 7% NSR only applies to the original Sunshine Mine properties and not leased properties within a 1 mile boundary (which otherwise makes most of those leases potentially worthless). They probably won't check with Shoshone County to see if the 7% NSR is actually recorded as a legal encumbrance against the mineral rights leased by Sterling and therefore no reliance on the consent decree is required for enforcement. On the other hand, they probably will do some checking with the EPA (here's a head start: http://www.epa-echo.gov/cgi-bi…cho&IDNumber=110017860117) and the Mine Owners and that could have unpredictable consequences for the eventual completion of the deal. In the meantime, at least the mine won't shut down in the next few months--although we'll have to see what this cop-out does for the miners' morale and retention.

Im USA.V thread
Minco Silver has announced a proposed merger that would result in a takeover of the Sunshine Mine at a valuation around $60 million in stock. That's awful cheap but apparently wasn't low enough to interest SA's John Ryan, who I believe still thinks the rival mine over the hill is worth under $50 million. But the key appears to have been the Sunshine's need for substantial funding (Minco is providing a secured line of credit for $15 million), money that USA can arguable spend with a bigger bang elsewhere. Besides, the old Coeur properties fetch around $60 million themselves these days, which doesn't provide a whole heck of a lot of leverage. After the valuation questions, I do expect some positive benefits for USA from this deal.

Supersilver im yahoo board:
http://messages.finance.yahoo.…&n=.IEfaWCKzPlEq9xPII8Iyg
I think folks are missing the point. The company is being sold off for less than the value of the raw land!!! I think shareholders should reject the offer and oust every single one of the BOD, along with the incompetent CEO. This deal has sleeze written all over it. The company could have floated some high-yielding (maybe 9%) bonds to bring in the capital they needed and backed those bonds with actual silver production. Then, in say five years, they could have paid off the bonds' principal and, with hugely higher silver prices, kept most of the silver set aside to back the bonds! I actually sent Ken B. this very idea a couple of months ago and he never even had the courtesy to respond. Now we know why. He was busy setting up a deal to give away the company for pennies on the dollar and rake in his sweetheart-deal booty. If they send out voting proxies, I'll be voting NO. I wouldn't be surprised if some of the wealthier shareholders consider taking the BOD to court. No wonder the share price wasn't being defended! If SRLM shareholders had been offered shares of Minco on a 1-for-1 basis, then MAYBE the deal would make sense for us. But not only are we getting only half a share of Minco, their stock chart looks absolutely awful right now and has a gap to be filled down around $1.85, which will almost certainly be filled now. A pox on SRLM management for this world-class sleeze play. And oh, by the way, how insulting to us that they were sure to issue a news release just prior to this transaction reminding us all of the significant (1 million plus) options they were awarding themselves and also of the fact that they each get a hundred and fifty grand if the company is bought out. I don't know exactly what a non-board approved buyout would be, so I don't really understand all the details of that particular aspect. Maybe someone on this board could explain it. But one thing I DO understand, and that's when shareholders wind up taking it up the arse with no Vaseline!

I'm open to comments, but don't just write back and say that the company needed capital, as I've already explained how that could be accomplished quite easily without having to deal with banksters and investment house mafiosos. If Ken B. were a true businessman instead of an apparent short-sighted opportunist, he might have looked outside his "box" and found a way to turn Sterling into the little powerhouse that Ray D. envisioned so many years ago.

Yes, Ray screwed up in allocation of capital, perhaps, but at least I never doubted his sincerity. As to these others in management, I'm not so sure...

Ich hab mich ja gewundert, warum im Interview mit Sean Rhakimov IPT.V nicht erwähnt wurde.

http://seekingalpha.com/article/84220-se…ad?source=yahoo

Ich hab Sean gefragt und bekam gestern folgende Antwort. ja um Sterling ging es auch ein bisserl.

Auszug:
"IMPACT is still my largest silver holding and I am still very bullish on it. However, since I am a consultant to the company, I cannot recommend it for conflict of interest reasons. Otherwise, nothing has changed except everything got cheaper.

As for SRLM, I wouldn’t like to speculate. I think they have one of the best silver assets in the business, but as you can see it’s not an easy thing to do even with a project like that."

Spricht für sich, und genau so ist er auch: kurz und präzise....
Grüße
Tschonko

der 2. gute Vertrag innerhalb einer Woche


Cabo to Drill an Addditional 14,000 Meters for Minera Petaquilla, S.A.
Wednesday July 23, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 23, 2008 - Cabo Drilling Corp.'s (TSX VENTURE:CBE - News; "Cabo" or the "Company") Panama division has been awarded an additional 14,000 meters of drilling at Minera Petaquilla S.A.'s copper project in the district of Donoso, in Colon Province, Republic of Panama. The original contract, announced March 10, 2008, was for a minimum of 6,000 meters of drilling.
The Company's contract is with Minera Petaquilla, S.A. Cabo currently has four drills on this project and a fifth drill is being mobilized from Canada. In addition to the further 14,000 meters of drilling, the Company will supply all of the labour required for site preparation and helicopter support.
The Company continues to increase its work force in Panama and now employs over forty people on this project. The Company is also adding to its local work force and has started an on-the-site training program for Panamanians.
About Cabo Drilling Corp. (TSX VENTURE:CBE - News)
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the Frankfurt Exchange under the symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
John A. Versfelt, Chairman, President and CEO
Further information about the Company can be found on the Cabo website (http://www.cabo.ca)

Value,
scheinst sie nicht los zu werden.

Danke für die 53%!

Ich misch hier auch mit....
http://www.wallstreet-online.d…htfertigt#neuster_beitrag

Aber diskutieren wir Sterling hier:
Sterling Mining Company

Schön zu wissen, dass da SSRI auch noch beteiligt ist.
Also m u s s da noch was an Bereinigung kommen, weil schon jetzt zu unübersichtlich.

Grüße
Tschonko

liberty,
ja werden sie.
Aber erst Anfang 09.

Mir wär viel lieber gewesen, USA.V hätte da zugegriffen.
Der Ryan wird sich noch mal in den Arsch beißen......
60 Mille sind ein Geschenk.....

Genauere Bedingungen hier:
http://www.mincosilver.ca/s/Ne…osed-Business-Combination

Minco Silver will sich Sterling krallen, respektive sie mergen.....

Beim einem Merger können sie auch die lease für die Sunshine mitnehmen.

http://biz.yahoo.com/iw/080722/0418422.html

Ist der de Motte vielleicht bei dem Deal im Weg gestanden? [Blockierte Grafik: http://img.wallstreet-online.de/smilies/laugh.gif]

Ansonsten: Was soll man jetzt machen mit dem Scheiß?

Um 62 Mille ist Sterling fast geschenkt.

Für Minco ist alles super. Die können weiterwerken mit neuem geld.
"Minco Silver has extended a US$15 million line of credit to Sterling, of which US$5 million is to be funded immediately, bearing 10% annual interest compounded monthly, to be used for continued operations at the Sunshine Mine."

Blöde Konstruktion, wo ja Minco silver zu wasweißichwieviel % Minco Gold (und die sind wirklich billig!) gehört.

Abgesehen davon, dass Minco eh nicht schlecht ist.
Minco Gold wär mir lieber.....

Lasst´s euch die Minco andienen?

Außerdem ist der Deal zu dem Preis noch nicht 100% durch, obwohl...... die meisten werden eh froh sein.
Ich nicht!
1,58 ist definitiv zu wenig.
Vor allem die, die in PP´s geholfen haben die ganze Infrastruktur aufzubauen, wurden geschoren...

Da war ich nicht dabei, wenigstens was.... [Blockierte Grafik: http://img.wallstreet-online.de/smilies/laugh.gif]

Silver eagle drilling: alles ok. das wird was!
Silver Eagle's Latest Drilling Intersects High Grade Silver of 3,291 GPT
Tuesday July 22, 4:34 pm ET
TORONTO, ONTARIO--(Marketwire - July 22, 2008) - Silver Eagle Mines Inc. (TSX:SEG - News) is pleased to report on recent results from its ongoing diamond-drilling program on the North, Calvario and Mill Zones at its wholly-owned Miguel Auza property in Zacatecas, Mexico. Of note are diamond drill holes 2008-189 and 2008-194 in the North Zone, which intersected veins 0.4 and o.5 m in width, assaying 2,463 gpt Ag and 3,291 gpt Ag respectively, and 2008-196, the deepest hole drilled to date, which intersected the Calvario D vein at 525 m depth. (See Table 1 below)
[Blockierte Grafik: http://us.bc.yahoo.com/b?P=CGGpukwNc2hXek8fR5zzRwXMTmgNq0iG7j8ADUdC&T=1egssbp07%2fX%3d1216802368%2fE%3d13598642%2fR%3dfin%2fK%3d5%2fV%3d2.1%2fW%3dH%2fY%3dYAHOO%2fF%3d2441445947%2fH%3dY29icmFuZD0iPGEgaHJlZj1odHRwOi8vdXMucmQueWFob28uY29tL2ZpbmFuY2UvbmV3cy9pdy9TSUc9MTBzYWc0cm91LypodHRwOi8vd3d3Lm1hcmtldHdpcmUuY29tLz48aW1nIGJvcmRlcj0wIHNyYz1odHRwOi8vdXMuaTEueWltZy5jb20vdXMueWltZy5jb20vaS91cy9maS9nci9tYXJrZXR3aXJlX2xvZ29fMTcweDMzLmpwZyBhbHQ9Q0NOTWF0dGhld3M.PC9hPiIgY2FjaGVoaW50PSIxMzU5ODY0MiIgY2FjaGVoaW50PSIxMzU5ODY0MiI-%2fQ%3d-1%2fS%3d1%2fJ%3d86720D4C&U=13fu25ah3%2fN%3dzR5tIUwNBkg-%2fC%3d654460.12527545.13079114.8049246%2fD%3dLREC%2fB%3d5310619%2fV%3d1]

As reported in Silver Eagle's press release of June 25, 2008, the Miguel Auza pre-feasibility results include a 7.5-year mine life. Silver Eagle is conducting additional drilling with the goal of converting mineral resources currently classified as inferred resources into indicated resources. In addition, Silver Eagle is now focusing on exploration of the high silver-bearing northern veins and other areas of interest on its 41,498 hectare property.
The North Zone is an exploration target, located within 500 m of the existing Miguel Auza operation, and contains an inferred resource of 3.6 M oz silver. In the past, the North Zone returned results as high as 7,601 gpt over 0.40 m. (Reported in the press release of June 6, 2006). The objective of this most recent drilling in the North Zone was to test the principal San Ramon Vein in the area of the historical Spanish workings near the Tepuxtetes shaft, directly below the old workings and above previous Silver Eagle drill holes. Four of the five holes encountered the zone, with intercepts up to 3,291 gpt over 0.5 m in 2008-194 at a vertical depth of 115 m. The fifth hole was terminated prematurely due to drilling problems. The drill holes represent a strike length of approximately 100 m and dip length of approximately 50 m.
Two holes were drilled in the Calvario Zone, a shallow fill-in hole to test an area where previous data was wide-spaced, and a vertical hole to 548 m depth. The first hole, 2008-192, encountered significant intercepts in Calvario A, B, and C veins, each 1.1 m in estimated true width. The second hole, 2008-196, was drilled as a pilot hole for a future deepwater well. It cut six mineralized structures, the three widest of which correlate with Calvario A, C and D veins. Estimated true widths of these three veins are 1.3 m, 1.8 m and 2.1 m respectively. The lowest intercept between 525.45 and 533.50 m corresponds to Calvario D vein.
The objective in the Mill Zone was to test a zone of extensive quartz veins with Au and Ag potential in the northwestern quadrant of the Mill Zone mineralization. Drill hole 2008-188 encountered three veins with Ag, Pb, Zn and Au values.
Terry Byberg, President and CEO of Silver Eagle Mines Inc., said "While Silver Eagle has been focused on bringing the Calvario Zone, at the Miguel Auza Mine, into production, we are encouraged by the continued promising results from the North Zone and will be concentrating further efforts with a goal of defining additional mineral resources there."

Tabellen hier:
http://biz.yahoo.com/ccn/080722/200807220475551001.html?.v=1

Grüße
Tschonko

Und was soll man jetzt mit dem scheiß?

Blöde Konstruktion, wo ja Minco silver zu wasweißichwieviel % Minco Gold (und die sind wirklich billig!) gehört.

Abgesehen davon, dass Minco eh nicht schlecht ist.
Minco Gold wär mir lieber.....

Grüße
tschonko

New results have extended Silver Lodes at the Company’s 100% Conrad Silver Project.
http://www.malachite.com.au/pd…lingReport%2022July08.pdf

HIGHLIGHTS

• Assay results received for ten more drill holes, mostly for intersections in the Conrad Lode
• Further high grade lode intersections, includingCMRD78 which intersected a true width of 1.2m @ 312g/t Ag, 0.27% Cu, 3.47% Pb, 1.27% Zn, 0.27% Sn and 12 g/t In
• An additional, wide, Greisen Zone intersection – CMRD58 which intersected a true width of 29.1m @ 40g/t Ag, 0.01% Cu, 0.59% Pb, 0.43% Zn and 0.14% Sn
• Recent drilling confirms continuity of lodes along strike and down dip
• Deeper drilling confirms Conrad Lode extends at least 250m below deepest underground mine workings (ie. 500m below surface)

The existing resource defined at Conrad in 2007 contains 2.6 million ounces of silver, or about 10 million ounces of silver equivalent when the value of the associated base metals is added. The August resource statement is expected to upgrade that figure substantially, with further enhancement in October. Malachite’s economic modelling of the deposit indicates that a resource containing approximately 8-10 million ounces of silver (or 25-30 million ounces of silver equivalent) will be sufficient to support reopening of the mine. The Company believes there is a very good chance of achieving that resource goal this year.

Regards
Andrew J. Cooke
Company Secretary
Malachite Resources NL
Tel: +61 2 9411 6033
Fax: +61 2 9411 6066
Mob: 0412 090 826
Email: acooke@malachite.com.au
Website: http://www.malachite.com.au

Silverstone und Orko (Martha wird fetter, bahh,jetzt hätt ich mich bald verschrieben, Sigmund, was flüsterst du von Rita? )
mit Meldungen!

Silverstone Releases Initial Mineral Resource Estimate for Its Copala Silver Project, Sinaloa State, Mexico
Tuesday July 22, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 22, 2008 -- Silverstone Resources Corp. (CDNX:SST.V - News) -Highlights
- Initial independent mineral resource estimate completed for Copala silver project, Sinaloa State, Mexico

- Copala mineral resource estimate at the underground Animas Refugio Vein at a 90 g/t silver cut-off grade totals:
-- Indicated category: 656,000 tonnes at a grade of 204 gpt silver and 1.1 gpt gold, containing 4.3 million ounces of silver and 23,000 ounces of gold or 5.5 million silver equivalent ounces(1)
-- Inferred category: 345,000 tonnes at a grade of 145 gpt silver and 0.8 gpt gold, containing 1.6 million ounces of silver and 9,000 ounces of gold or 2.1 million silver equivalent ounces(1)
- Copala resource estimate at the surface La Colorada Vein-Mantos at 20 g/t silver equivalent(1) cut-off grade totals:
-- Inferred resource: 2.5 million tonnes at a grade of 80 gpt silver and 0.4 gpt gold, containing 6.5 million ounces of silver and 30,700 ounces of gold or 8.1 million silver equivalent ounces(1)
Initial current mineral resource estimates of two well-mineralized zones on the Copala silver project have been completed by independent qualified person, as defined by NI 43-101, Robert Sim, P.Geo. Hugh Willson, P.Geo., is the company's qualified person as defined by NI 43-101. Both have reviewed the contents of this news release.
To date, Silverstone has focused its drilling on two of the more than 9 known vein and manto systems on the Copala Property. These are the Animas Refugio vein and La Colorada vein-mantos.
On the Animas Refugio vein system, Silverstone has drilled 131 holes that total 15,184 meters. This drilling was distributed between four sectors that host historic workings: La Pipa, El Muerto, Clemens, and San Carlos. Vein mineralization in the combined Clemens-El Muerto Sector showed sufficient grade and continuity to warrant infill drilling with a goal of identifying a resource with potential to be developed by underground mining.
The Animas Refugio and La Colorada mineral resource estimates have been generated from drill hole sample assay results and the interpretation of geologic models, which relate to the spatial distribution of silver and gold. Interpolation characteristics have been defined based on the geology, drill hole spacing and geostatistical analysis of the data.
Mineral resources on the Animas Refugio Vein have been generated using the inverse distance weighting interpolation method with a nominal 2x5x2 meter block size. The long axis of the blocks are oriented parallel to the vein at an azimuth of 315 degrees.
On the La Colorada vein system, Silverstone has focused on an area with significant historic workings in a vein-mantos system, which occurs at varying depths from 0 to 50m below surface. Silverstone has drilled 64 diamond drill holes totaling 6,454 meters in the La Colorada zone. Mineral resources at the La Colorada zone are generated using the inverse distance weighting interpolation method with a nominal 5 meter block size.
Both deposits were subjected to significant capping of high grade due to drill hole spacing. This capping reduced the overall silver equivalent for the two zones by over 2 million ounces. It is believed that the historic mining at Copala was focused on high grade mineralization. It is management's opinion that additional drilling and sampling may increase the population of high grade samples and result in less silver losses due to capping.
The following Summary Tables 1, 2 and 3 show overall project resource estimates at two silver cut-offs of 30 g/t and 90 g/t for the Aminas Refugio vein, reflecting underground operating conditions, and 20 g/t and 50 g/t silver equivalent for the La Colorada mantos, reflecting a potential open pit scenario.

Tabellen hier:
http://biz.yahoo.com/iw/080722/0418064.html

ORKO:
http://biz.yahoo.com/ccn/080722/200807220475318001.html?.v=1

Orko Silver Reports Multiple Hits into Martha Vein at La Preciosa
Tuesday July 22, 8:00 am ET

Zu lang! Also TEIL 2:

Kettle Drilling and WWE
For the three months ended March 31, 2008, Kettle Drilling had revenues of $5,722,242 as compared to $2,857,979 for the three months ended March 31, 2007.
WWE had revenues of $2,664,085 for the three months ended March 31, 2008 as compared to $975,405 for the three months ended March 31, 2007. The increase in revenues is attributable to the growth in the number of operating drill rigs at each company.
For the three months ended March 31, 2008, net income before taxes from Kettle was $135,913 while net income before taxes at WWE was $758,561 as compared to a net loss of $31,872 for Kettle and net income of $268,006 for WWE for the three months ended March 31, 2007. At Kettle, our transition to a profit for the quarter is attributable
to stabilizing our growth, while the net income at WWE grew substantially compared to the corresponding quarter in 2007 due to the increased activity and number of drill rigs in Mexico.
For the six months ended March 31, 2008, Kettle Drilling had revenues of $10,664,421 as compared to $5,499,089 for the six months ended March 31, 2007.
WWE had revenues of $4,157,031 for the six months ended March 31, 2008 as compared to $1,542,632 for the six months ended March 31, 2007. The considerable increase in revenues is attributable to the growth in the number of operating drill rigs at each company.
For the six months ended March 31, 2008, net loss before taxes from Kettle was $189,502 while net income before taxes at WWE was $769,158, as compared to a net loss of $649,335 for Kettle and net income before taxes of $280,521 for WWE for the six months ended March 31, 2007. At Kettle, the reduced loss from last year is attributable to stabilizing our growth, while the net income at WWE grew substantially due to the increased activity and number of drill rigs in Mexico.
Financial Condition and Liquidity
At March 31, 2008, we had assets of $25,178,805 consisting of cash in the amount of $4,068,264; accounts receivable in the amount of $3,984,768; inventories valued at $2,958,470; property, mineral rights and equipment, net of depreciation of $9,965,586; and other assets of $4,201,717. The Company believes that its cash and cash flow from continuing operations will be sufficient to fund our operations for the next twelve months.
Off-Balance Sheet Arrangements
We do not have any off balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, results of operations, liquidity or capital expenditures.
Critical Accounting Policies and Estimates
See Note 2 to the financial statements contained elsewhere in this Quarterly Report for a complete summary of the significant accounting policies used in the presentation of our financial statements. The summary is presented to assist the reader in understanding the financial statements. The accounting policies used conform to accounting principals generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.
Our critical accounting policies are as follows:
Exploration Expenditures
All exploration expenditures are expensed as incurred. Significant property acquisition payments for active exploration properties are capitalized. If no mineable ore body is discovered, previously capitalized costs are expensed in the period the property is abandoned.
Revenue Recognition
Generally, the Company recognizes drilling service revenues as the drilling services are provided to the customer based on the actual amount drilled for each contract. In some cases, the customer is responsible for mobilization and "stand by" costs when the Company deploys its personnel and equipment to a specific drilling site, but for reasons beyond the Company's control, drilling activities are not able to take place. Usually, the specific terms of each drilling job are agreed to by the customer and the Company prior to the commencement of drilling.
Intangible Assets
Intangible assets from the acquisition of Kettle Drilling, including employment contracts, and customer drilling contracts, are stated at the estimated value at the date of acquisition. Amortization of employment contracts is calculated on a straight-line basis over a useful life of three years. Amortization of the drilling contracts is calculated on a straight-line basis over the life of the contracts (typically one year or less). The value of employment and customer drilling contracts will be periodically tested for impairment. Any impairment loss revealed by this test would be reported in earnings for the period during which the loss occurred.
Inventories
The Company values its inventories at the lower of average cost or market, using the first-in-first-out (FIFO) method. Allowances are recorded for inventory considered to be in excess or obsolete. Inventories consist primarily of parts, operating supplies, drill rods and drill bits. The value of inventory previously used in drilling and still considered useable, is valued at 25-90% of cost depending on remaining life expectancy.
Review of Carrying Value of Property and Equipment for Impairment
The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of the asset. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors.
Goodwill
Goodwill relates to the acquisition of Kettle Drilling. In accordance with Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets," at least annually goodwill is tested for impairment by applying a fair value based test. In assessing the value of goodwill, assets and liabilities are assigned to the reporting units and a discounted cash flow analysis is used to determine fair value. There was no impairment loss revealed by this test as of September 30, 2007.
Derivative Financial Instruments
The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value, with changes in the fair value reported as charges or credits to income. For option-based derivative financial instruments, we use the Black-Scholes option pricing model to value the derivative instruments.

Form 10QSB/A for TIMBERLINE RESOURCES CORP 22-Jul-2008
Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and related notes appearing elsewhere in this quarterly report. This discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors, including, but not limited to, those set forth under "Risk Factors and Uncertainties" in our Annual Report on Form 10-KSB, filed with the SEC on January 14, 2008.
Overview
We commenced our exploration stage in January 2004 with the change in the management of the Company. From January 2004 until March 2006, we were strictly a mineral exploration company. Beginning with the management appointments of John Swallow and Paul Dircksen and our acquisition of a drilling services company, Kettle Drilling, Inc. ("Kettle"), in March 2006, we have advanced a new, aggressive business plan. Prior to our new business model, the addition of new management, and the purchase of Kettle, the Company had no reported revenues and accumulated losses.
Our corporate objective is to provide investors with significant exposure to both the 'picks and shovels' and 'blue sky' aspects of our industry. We believe that our business model is highly scalable and uniquely well-positioned to take advantage of the environment that currently exists in the mining and exploration industries. We have the people and knowledge base to continue to evaluate growth opportunities - either organically or through mergers and acquisitions.
Kettle and its subsidiary, World Wide Exploration S.A. de C.V. ("WWE"), provide both surface and underground drilling services but specialize in underground, hard rock core drilling. Their clients include both mining and exploration companies in the United States and Mexico. Total revenues both for the quarter and for the first six months of 2008 were up approximately 100-percent for the second consecutive year. WWE showed a record profit for the quarter. We are pleased with our performance in Mexico and expect the established trend of profit growth to continue. We are also determined to improve the performance of our U.S. operations, which showed a modest profit, and believe that refocusing our emphasis from rapid growth to profitability will continue to improve our operating results. Based on the revenues reported by our drilling operations for the first two quarters, typically our weakest due to holiday shutdowns, we are confident that, barring unforeseen events, we will achieve our 2008 drilling revenue objective of $30-million.
Additionally, during the quarter we also announced a management transition at our drilling subsidiaries, which is now underway, during which we expect drilling operations to proceed as normal and without interruption.
During the quarter we announced the signing of a definitive Purchase Agreement to acquire Small Mine Development, LLC ("SMD"), one of the largest underground mine contractors in the United States. We believe that upon receipt of shareholder approval and closing, the acquisition of SMD will provide us with the foundation to be a significant player in the North American mining services industry. We believe that our pursuit of SMD demonstrates our belief that a strong presence in both mining services and exploration are likely to provide excellent returns to our shareholders over the long term.
Subsequent to the end of the quarter, we filed a Preliminary Proxy with the U.S. Securities and Exchange Commission (SEC) which included proposals related to the acquisition of SMD and other items and is now under review.
In our Exploration Division, during the quarter we continued our exploration, permitting, and drilling activity. Our expenditures are representative of our commitment to ramp up exploration activity during 2008 on several of our properties.
We received approval from Inyo County to proceed with exploration at Conglomerate Mesa and are awaiting approval from the Bureau of Land Management for our planned road building and drill program. In preparation for our upcoming drill program, we have conducted extensive mapping and sampling at Conglomerate Mesa, recently acquiring 292 additional rock samples. We continue to build upon previous work performed by Newmont and BHP-
Billiton as we explore and define this district-scale gold exploration prospect.
Additional mapping and sampling was also performed at East Camp Douglas, including a detailed structural analysis and the collection of 88 additional rock chip samples, as we outline and prepare drill targets on the property.
Permitting and planning is also underway at Butte Highlands and Snowstorm in anticipation of active spring and summer field seasons at both properties. At Downeyville, we completed a 6-hole, 5,300-foot drill program and subsequently dropped the property. We also dropped the rest of our Cedar Mountains project, the Pac and HD properties. Although these were early-stage "legacy" properties that preceded the current management team, we believe that they merited limited testing before being returned to their owners.
Results of Operations for the Three Month and Six Month Periods ended March 31, 2008 and 2007
Combined Results - Timberline Corporate, Timberline Exploration, Kettle Drilling and WWE
For the three months ended March 31, 2008, we reported $8,386,327 in revenue compared to $3,833,384 in the same period of 2007. For the six months ended March 31, 2008 we reported revenues of $14,821,452 versus revenues of $7,041,721 in the same period of 2007. Our revenues are derived entirely from our drilling subsidiaries and comprised of $5,722,242 from Kettle Drilling and $2,664,085 from WWE for the three months ended March 31, 2008. For the six months ended March 31, 2008 Kettle Drilling and WWE reported revenues of $10,664,421 and $4,157,031, respectively. Our revenue increase was primarily due to the growth in the number of drill rigs operating this year versus last year. Gross profit from Kettle and WWE was $1,204,849 and $847,584, respectively, for the three months ended March 31, 2008, and $2,392,654 and $1,145,239, respectively, for the six months ended March 31, 2008.
Our overall after tax net loss for the three months ended March 31, 2008 was $487,053 compared to an overall net loss of $222,009 for the three months ended March 31, 2007. For the six months ended March 31, 2008, our overall net loss was $2,480,748 compared to $1,361,051 for the same period in 2007. Our net loss for the three months ended March 31, 2008 is comprised of $1,056,007 for Timberline Corporate and Exploration, offset by gains of $135,913 for Kettle Drilling and $433,041 at WWE. Our net loss for the six months ended March 31, 2008 is comprised of $2,734,884 for Timberline Corporate and Exploration and $189,502 for Kettle Drilling offset by a gain of $443,638 at WWE.
Timberline Corporate and Exploration Division
The after tax net loss of $1,056,077 for the combined Timberline Corporate and the Exploration division during the three months ended March 31, 2008 is comprised of non-cash charges of $130,601, exploration expenditures of $422,968, and other general and administrative costs of $502,438. Included in the non-cash charges are expenses related to stock options that vested during the quarter. Also included in the non-cash charges is $100,000 in Depreciation and Amortization.
The after tax net loss of $2,734,884 for the combined Timberline Corporate and the Exploration division during the six months ended March 31, 2008 is comprised of non-cash charges of $838,933, exploration expenditures of $999,720, and other general and administrative costs of $896,231. Included in the non-cash charges are expenses related to common stock issuances for consulting services, stock based compensation, and for stock options that vested during the quarter. Also included in the non-cash charges is $126,990 in Depreciation and Amortization.