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Finally got my letter for the oppies yesterday.
CYL - Catalyst Metals
- Thread starter YOUNG_TRADER
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kennas said:
There are 3 buyers of this stock with a total value of $4637.50. That fell though holes in my pockets over the weekend.
Yeah but this was to be expected post rights,
I know I dumped on the Friday
But once the dust settles I think that CYL will prove to be a good thing, I bought this because I was following some very very smart and savvy punters/analysts
Time shall tell whats out at Minnie Springs but if its what they think well I'll
all the way to the bank
Sean K
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It is very reassurring that those dudes you rate are on it Sam. I'm still holding a few, expecting Minnie to have something worthy.YOUNG_TRADER said:Yeah but this was to be expected post rights,
I know I dumped on the Friday
But once the dust settles I think that CYL will prove to be a good thing, I bought this because I was following some very very smart and savvy punters/analysts
Time shall tell whats out at Minnie Springs but if its what they think well I'll
very quiet. i was expecting an accouncement of some sort. to me it looks like we won't hear from CYL until the full drill results in 2 weeks are due. i only hold options now. my broker (National Bank of NZ Direct Investments) has said that my options arent available until 21st December. By then the results will be out I imagine. Is this the same situation for everyone else? when do options start trading?
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Burton said:
Opies are showing up in my account as of today. Opened up at a premium to the shares.
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Got 50k via rights
Bought 50k at 10c today so $5k
Made $5k on the 100k CYL I bought for the rights,
So effectively hold 100k free opies
Bought 50k at 10c today so $5k
Made $5k on the 100k CYL I bought for the rights,
So effectively hold 100k free opies
Sean K
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Yep, got mine today. Now we need Minnie Springs to turn into elephant country.
Caliente
Black Gold!
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time for minnie to get her skirt on
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Guys I hope you have all read this:
http://www.catalystmetals.com.au/images/catalyst---ahxoh.pdf
That report was issued on 6th October....we should see that which is alluded to in the report all come true next week with the issue of the first molyb assays.
CYL has a tiny mkt cap in both heads and options...hardly any sell depth...
On publication of the assays next week the share price should also discount the release of the final assays due in late January - this should create support levels at much higher sp than where it is now...
all imo of course
and yes I do hold CYLO
EB
http://www.catalystmetals.com.au/images/catalyst---ahxoh.pdf
That report was issued on 6th October....we should see that which is alluded to in the report all come true next week with the issue of the first molyb assays.
CYL has a tiny mkt cap in both heads and options...hardly any sell depth...
On publication of the assays next week the share price should also discount the release of the final assays due in late January - this should create support levels at much higher sp than where it is now...
all imo of course
and yes I do hold CYLO
EB
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Minnie Springs drill assays are finally here,
Only half are available,
So far mineralisation occurs from surface and is open at depth,
ie all drill holes ended at 120m and it appears mineralisation continues beyond,
Grades aren't amazing, but then this is a large tonnage low grade type project
Only half are available,
So far mineralisation occurs from surface and is open at depth,
ie all drill holes ended at 120m and it appears mineralisation continues beyond,
Grades aren't amazing, but then this is a large tonnage low grade type project
Caliente
Black Gold!
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this is average/ tending to good news. Its not incredible by any means, but these results confirm Minnie is a deep homogenous find and not a Bendigo (sic) style patchy reef deposit.
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It would appear that the mkt wasn't too impressed,
Multiple 100m interesctions of 0.03-0.04% Mo from near surface is good for a company with a mkt cap of $15m
Minnie has the potential to be 100Mt@0.03-0.04% Mo,
To put it in perspective that would be 100Mt@1.5-2g/t Gold Equiv
So were talking big NPV's here!
Multiple 100m interesctions of 0.03-0.04% Mo from near surface is good for a company with a mkt cap of $15m
Minnie has the potential to be 100Mt@0.03-0.04% Mo,
To put it in perspective that would be 100Mt@1.5-2g/t Gold Equiv
So were talking big NPV's here!
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Anyone see the ann?
I am now more confident that they'll get 100Mt@0.04% Mo which would be 100Mt@ 1.9g/t Gold Equiv
They'll probably have a much smaller 5Mt@0.1%Mo section which would be 5Mt@5g/t Gold Equiv
People just don't realise the value of Moly and its potential
I am now more confident that they'll get 100Mt@0.04% Mo which would be 100Mt@ 1.9g/t Gold Equiv
They'll probably have a much smaller 5Mt@0.1%Mo section which would be 5Mt@5g/t Gold Equiv
People just don't realise the value of Moly and its potential
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Metal miners take a shine to moly
Robin Bromby
January 29, 2007
COPPER has been bouncing back, gold has a new and higher support level, nickel is going wild, and now molybdenum, often a by-product of copper, is refusing to heed all the bearish warnings.
The Chilean Copper Commission claimed earlier this month that the specialty metal, used to strengthen steel, was about to fall and could be down 19 per cent this year on 2006.
Instead, it rose from $US24/lb to $US26/lb in the next week.
Molybdenum was practically unheard off in Australia until a couple of years ago and now, it's one of the fashionable metals to be in.
Queensland Ores is gearing up to produce it and tungsten from August at its Wolfram Camp mine in northern Queensland.
Moly Mines has one of the bigger projects at its Spinifex Ridge project in Western Australia and, just northeast of Carnarvon, Catalyst Metals has been getting high-grade molybdenum hits at its Minnie Springs deposit.
Others with moly (as it is usually called) in their kitbags include Thor Mining, PacMag Metals, Frontier Resources, Intermin Resources, D'Aguilar Gold and Takoradi.
Most are several years away from production, as is Marengo Mining, which has a large copper-molybdenum project in Papua New Guinea.
It is so large that the Perth company claims it as the biggest undeveloped copper-molybdenum porphyry system in the southwest Pacific.
Managing director Les Emery doesn't expect to be producing from Yandera until 2011, but he's not fussed at the prospect of others getting into the small market before Marengo.
According to him, the world's biggest moly mine, Rio Tinto's Bingham Canyon, is due to be exhausted of the metal by 2013.
And Teck Cominco's big operation at Highland Valley in Canada is also nearing the end of its economic life.
Mr Emery comforts himself that Marengo owns one of the few large undeveloped copper deposits that has molybdenum as a by-product.
"Most of the others are copper-gold," Mr Emery said.
Although the moly was there in much smaller quantities than copper, its presence added 40 per cent to the in-ground value of the deposit, he said.
Yet, for all the confidence among Australian players, they do face some stiff competition from abroad.
And it is a small market: London-based metals analyst Roskill Information Services estimates about 181,000 tonnes was produced and sold worldwide in 2005.
But the prices have pulled in more would-be producers, rising from an average $US4.50/lb between 1994 and 2004, to a high of more than $US40/lb in 2005.
The demand is growing not just from conventional steel makers, but the metal is seen as a lower cost alternative to nickel in stainless steel.
It is also used in pipelines because its properties include resistance to corrosion caused by high sulphur content in oil.
Idaho General Mines will make a big dent in the present supply shortage when its Mt Hope deposit in Nevada comes on stream with 15,880 tonnes a year.
Another Canadian, Adanac Molybdenum is hoping to develop a deposit in Yukon Territory and Blue Pearl Mining, listed in Toronto, claims to be the world's biggest moly producer and has recently increased its production estimates.
There are also the Chinese to be reckoned with.
According to Mining Journal, Luoyang Luanchuan Molybdenum Group plans to float next month on the Hong Kong Stock Exchange.
It owns what it believed to be the world's biggest deposit: 2.06 million tonnes of contained molybdenum.
Robin Bromby
January 29, 2007
COPPER has been bouncing back, gold has a new and higher support level, nickel is going wild, and now molybdenum, often a by-product of copper, is refusing to heed all the bearish warnings.
The Chilean Copper Commission claimed earlier this month that the specialty metal, used to strengthen steel, was about to fall and could be down 19 per cent this year on 2006.
Instead, it rose from $US24/lb to $US26/lb in the next week.
Molybdenum was practically unheard off in Australia until a couple of years ago and now, it's one of the fashionable metals to be in.
Queensland Ores is gearing up to produce it and tungsten from August at its Wolfram Camp mine in northern Queensland.
Moly Mines has one of the bigger projects at its Spinifex Ridge project in Western Australia and, just northeast of Carnarvon, Catalyst Metals has been getting high-grade molybdenum hits at its Minnie Springs deposit.
Others with moly (as it is usually called) in their kitbags include Thor Mining, PacMag Metals, Frontier Resources, Intermin Resources, D'Aguilar Gold and Takoradi.
Most are several years away from production, as is Marengo Mining, which has a large copper-molybdenum project in Papua New Guinea.
It is so large that the Perth company claims it as the biggest undeveloped copper-molybdenum porphyry system in the southwest Pacific.
Managing director Les Emery doesn't expect to be producing from Yandera until 2011, but he's not fussed at the prospect of others getting into the small market before Marengo.
According to him, the world's biggest moly mine, Rio Tinto's Bingham Canyon, is due to be exhausted of the metal by 2013.
And Teck Cominco's big operation at Highland Valley in Canada is also nearing the end of its economic life.
Mr Emery comforts himself that Marengo owns one of the few large undeveloped copper deposits that has molybdenum as a by-product.
"Most of the others are copper-gold," Mr Emery said.
Although the moly was there in much smaller quantities than copper, its presence added 40 per cent to the in-ground value of the deposit, he said.
Yet, for all the confidence among Australian players, they do face some stiff competition from abroad.
And it is a small market: London-based metals analyst Roskill Information Services estimates about 181,000 tonnes was produced and sold worldwide in 2005.
But the prices have pulled in more would-be producers, rising from an average $US4.50/lb between 1994 and 2004, to a high of more than $US40/lb in 2005.
The demand is growing not just from conventional steel makers, but the metal is seen as a lower cost alternative to nickel in stainless steel.
It is also used in pipelines because its properties include resistance to corrosion caused by high sulphur content in oil.
Idaho General Mines will make a big dent in the present supply shortage when its Mt Hope deposit in Nevada comes on stream with 15,880 tonnes a year.
Another Canadian, Adanac Molybdenum is hoping to develop a deposit in Yukon Territory and Blue Pearl Mining, listed in Toronto, claims to be the world's biggest moly producer and has recently increased its production estimates.
There are also the Chinese to be reckoned with.
According to Mining Journal, Luoyang Luanchuan Molybdenum Group plans to float next month on the Hong Kong Stock Exchange.
It owns what it believed to be the world's biggest deposit: 2.06 million tonnes of contained molybdenum.
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YT - saw this article as well and have some THR so was interested...
However like magnesium and vanadium and so many of the other 'ums' the world demand at present is low compared to potential projects that can come online (ie 181kt sold in 2005 compared with some of those numbers at the bottom of the article just don't match...)
the only way Xstrata could hike the vanadium price was to buy a project in WA and close it down, so its Sth Africa project could make money - PMA have now bought back the WA project and reviving it...
the question for all these 'emerging' metals is where does the new demand come from? as a cheaper substitute - but this implies price will have to remain low. or as part of new technology that requires it?
anyway short term lets hope these projects come on-line before the big boys...
However like magnesium and vanadium and so many of the other 'ums' the world demand at present is low compared to potential projects that can come online (ie 181kt sold in 2005 compared with some of those numbers at the bottom of the article just don't match...)
the only way Xstrata could hike the vanadium price was to buy a project in WA and close it down, so its Sth Africa project could make money - PMA have now bought back the WA project and reviving it...
the question for all these 'emerging' metals is where does the new demand come from? as a cheaper substitute - but this implies price will have to remain low. or as part of new technology that requires it?
anyway short term lets hope these projects come on-line before the big boys...
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I can't believe how overlooked CYL is,
I was going through their Qtrly and the map that shows the mineralisation of their tennements is huge probably 50kms + and there's at least 1 section where there's 10kms of strike as well as the fact that they have about 5 U anomolies and an old U-Mine Shat on thier grounds,
Sooner or later market will have to appreciate how much Moly CYL have, mark my words
I was going through their Qtrly and the map that shows the mineralisation of their tennements is huge probably 50kms + and there's at least 1 section where there's 10kms of strike as well as the fact that they have about 5 U anomolies and an old U-Mine Shat on thier grounds,
Sooner or later market will have to appreciate how much Moly CYL have, mark my words
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YOUNG_TRADER said:
So Mkt is appreciating CYL, but for its U potential now, oh well Uranium or Moly, mkt action is mkt action
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Just looked at the report again
quite a large area minnin is looks to be 50kms long and about 10-20km's wides so say 15km's wide Avg,
Thats a large area and they have outlined several targets, who knows maybe there is a potential U deposit in there as well
Thoughts?
quite a large area minnin is looks to be 50kms long and about 10-20km's wides so say 15km's wide Avg,
Thats a large area and they have outlined several targets, who knows maybe there is a potential U deposit in there as well
Thoughts?
