Oldtent Archives 2007 - 2008

Where’s Al Gore when You need him..He should be a spokesman for the Silver Mining Industry
Ororeef —I believe Al Gore Invented Silver  <G>    Just ask  Him

After testing several metals, Mitsui Mining decided that silver showed the most promise, being much cheaper and yet having comparable ability to remove soot from diesel exhausts.

Why not produce the same product for Power plants that use sour crude from heavy oil from Tar Sands and Shale oil or liquidfied Coal and remove that soot and particulate  .The environmentalists should have no objection NO ?

Why not use the same product in every household that burns oil..Heating oil is the same as diesel oil.A dramatic decrease in air pollution would result. Global Warming would cease…DUH…. Silver is the solution for Global Warming…Where’s Al Gore when You need him..He should be a spokesman for the Silver Mining Industry

http://www.informationclearinghouse.info/article20011.htm

Correct, but on a percentage basis still similar………..

www.rumormillnews.com/cgi-bin/forum.cgi?read=125302

Ment, how gross.

The demand for diesel particulate filters that use silver instead of platinum and palladium is going to explode. The case for industrial demand growth in silver just got a whole lot stronger today.

www.miningmx.com/mining_fin/395594.htm

Mitsui in talks to sell silver-based autocats

Reuters
Posted: Tue, 27 May 2008

[miningmx.com]

– MITSUI Mining and Smelting Co Ltd aims to start commercialproduction of its new, less costly catalyst — which applies silverrather than platinum — in 2011/12, a company official said on Tuesday.

The use of silver instead of the more expensive platinum, currentlytrading near a historical high, will enable the company to cut metalscosts by more than 90 percent.Kentaro Kato, a senior official in the company’s sales department, saidcutting costs was the primary aim of the development project, whichbegan about five years ago.”We focused on how we could cut costs, because we had heard that highplatinum prices were giving manufacturers a really hard time,” Katosaid in an interview.After testing several metals, Mitsui Mining decided that silver showedthe most promise, being much cheaper and yet having comparable abilityto remove soot from diesel exhausts.”At a rough calculation, sales cost will probably be reduced by about 50 percent,” Kato said.He said the company plans to begin commercial production of the newcatalyst in time for application in diesel engines for constructionmachinery and other industrial equipment that will need to meetstricter emission standards from 2012.

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The new standards will beintroduced in Japan, North America and Europe.Tighter diesel emissions standards have already been introduced for trucks, buses and passenger vehicles.Mitsui Mining will aim for first-year sales of 9 billion yen ($87 million).The new technology to make a silver-based catalyst will be used for diesel particulate filters (DPFs).It hopes to sell DPFs in a set with oxidation catalysts, which will continue to be platinum-based.It estimates the domestic market for DPFs and oxidation catalysts at about 50 billion yen.Kato said the company plans to supply the new catalysts to Japaneseengine manufacturers, and is currently in talks with several topcompanies, although he declined to elaborate.The company plans to invest in a new production line, but the cost would depend on talks with engine makers, he said.He could not say how much silver would be needed for each catalyst as it depended on each model,which would be designed for each type of engine. “It’s not possible to generalise.”RECORD-HIGH PLATINUMDevelopment of the new catalyst could have wide implications for theauto industry, which is struggling under additional cost pressures dueto higher metals prices not only for platinum but also other metalssuch as steel and aluminium.The major industrial use of platinum, which is also used in jewellery, is in catalysts, particularly for diesel vehicles.Platinum’s cheaper sister metal palladium is also used to filter outcarbon monoxide and particulate emissions, and is particularlyeffective as a catalyst for gasoline engines.Johnson Matthey, the world’s top platinum refiner and distributor, saidin report issued in mid-May that the metal could spike to a record highof $2,500 an ounce this year.Platinum has already jumped 50 percent from the beginning of the year to hit a record high of $2,290 on March4.Silver is currently trading at around $18.20 per ounce.Mitsui Mining, which has received numerous queries from overseas, isalso considering the possibility of supplying the new catalysts toforeign firms.”The response to the news has been quite overwhelming … and much more than I anticipated,” Kato said

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abtd
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The red wine headache can be brutal. If I go over 2 glasses myself, I’m flirting with trouble. I’ll often pour a 1/2 bottle into a 375ml carafe at the table, put the bottle away for a second night and enjoy. Keeps me honest. Considering how often I go get the rest of the wine, the tryptan group of migraine drugs (zomig is my favourite) can provide tremendous relief.

en.wikipedia.org/wiki/Red_wine_headache

Keep posting your zeal for bullion, its helps keep me motivated to exchange paper gold (stocks) for the real thing!!!

Winedoc

The “New” Silver Wheaton?

By Ben Abelson
01 Oct 2007 at 07:28 PM GMT-04:00

CHICAGO (ResourceInvestor.com)

– When Silver Wheaton [NYSE:SLW; TSX:SLW] first emerged on the scene nearly 3 years ago under C$5 per share, investors were slow to warm up to the company’s unique investment model. But after multiple successful roadshows and new silver purchase agreements, institutional and individual investors alike swarmed into the shares, driving them up to their recent highs above C$14.

A similar analog may be fast emerging in Silverstone Resources [TSX:SST], a C$150 million company quickly adopting the same pure-silver royalty model that has driven Silver Wheaton to such success.

With the finalization of an agreement with Lundin Mining [TSX:LUN] first announced in June, Silverstone has secured buying agreements with 3 mines – resulting in nearly 3 million ounces of silver being purchased in 2009 at an average cost just below $4 per ounce silver.

The Lundin agreements cover the Aljustrel and Neves-Corvo mines in Portugal. Lundin, a base metal producer, agreed to sell off the approximately 1.7 million ounces of silver per year at $3.90 per share and $85 million (half in cash, half via the issuance of 19.65 million shares).

But even with this hefty share dilution, Silverstone remains at an extremely compelling discount to ‘big brother’ royalty company Silver Wheaton. At $14 per ounce silver, Silverstone’s 3 million ounce 2009 production levels should net it operating cash flow (less interest payments and the approximately $3.90 per ounce purchase price, of course) of about $30 million – or about $0.33 per share full diluted. At its current share price of C$2.30, this has the company trading at about 7x 2009 cash flow.

Compare this to Silver Wheaton, which should realize about $0.95 per share in cash for 2009, given high-end estimates for Penasquito production – putting the shares at an approximately 14x multiple.

Now, of course, the premium multiple ascribed to Silver Wheaton of course factors in the production growth and longer-lived nature of the firm’s largest project, Penasquito, which will last 17 years (versus 10-15years for Silverstone’s projects). But, even without doing a full discounted cash flow analysis to take this into account, it seems rather likely that this premium is a bit too large – and that the 50% discount Silverstone is currently trading at will be reduced in the near future.

Beyond Penasquito, there’s really no reason for Silver Wheaton to have a multiple relative to Silverstone - after all, when investing in a royalty company, one isn’t investing in management of that firm, but rather the management of the underlying operating company. Simply put, while Silver Wheaton’s long-lived assets do deserve a premium multiple, some portion of this is likely also due to the great marketing and IR job done by the firm (and Goldcorp) over the past two years, as well as a premium afforded to it for being the only ‘pure silver’ firm. It’s only a matter of time before Silverstone (and likely other yet to be seen silver royalty firms) begin to erode Silver Wheaton’s early advantages in this space.

For newer investors in the silver space, Silverstone provides the opportunity to get involved at the ground stages of a silver royalty company - just like Silver Wheaton a few years back..

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Lately with the difficulty of obtaining
financing,, the Royalty Co’s are having
their doors knocked down,, by mining
co’s ” wanting/needing ” financing..
And,, I would assume at better rates..

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abtd
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in Q1,, 11,,
we be in operational optimism,,
from whence,, rear looking too
today as poopy pessimism ..

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2 Words

.. up
.. manaana

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Jimmy-ment

tinyurl.com/3rfddt

tinyurl.com/4ajtw6

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abtd
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 Physical price is still very much influenced by the paper market, although when buying silver (for example) there’s becoming a bigger disparity between the paper price and the metal price.

   Slowly but surely.

Why I don’t invest in wine:   ‘75 Kenwood Cabernet

Opinions… everyone has one.  Truthfully, I have not been able to drink wine for most of my life, due to a neurological infection that left me with blasting headaches after a small glass of wine.  Beer limit was two.  But vodka was fun!

Having healed myself of my outrageous condition, I am now in the past year or two just beginning to taste wine again and learn about it… but I don’t think I have enough years left in me to develop a serious wine palate like you folks.

…but the Merlot is refreshing.  <G>

Likewise, we will meet again I’m sure.

Think of the inflation on that ‘75 Kenwood….Yikes

I bet it tasted spectacular. The oldest bottle I have in my cellar is a gift. Dow’s 1977 1.5 L vintage port. Tasting notes state……”hard as nails and not ready to drink yet”, but approachable soon I would think.

Winedoc

That ‘75 Kenwood Cabernet-I got lucky and a friend recommended it back in 1979 or 1980 if I remember. He knew his wine and thought 1975 would be a great year to buy, so bought 2 cases at something like $6 a bottle. Still have a case left along with a few other Californias from the same year.

It was great to meet you and Charlotte and share similar interests, hopes and even fears., Sadly there was so little time to spend with all in attendance..maybe next year, possibly sooner if another gathering is arranged. All the best to you both.

“The physical market can’t be manipulated.”

 Since the “physical market” (which by the way there really is no such thing except at the street level) is price based on the paper gold market, then the price of physical certainly is “manipulated” if the paper gold market is.  Since the complaint is that PM stock prices are manipulated- what’s the difference?