Oldtent Archives 2007 - 2008

From many many many of these, including many many many newer and faster versions?

Just guessing with a wild shot in the dark here {G}

JBI

Where it always comes from….Thin Air

 You’d think the geniouses in your state would consider building a few desalinization plants.

  Course, that would suggest gov’t had brains, and if they had brains they’d have built refineries, nuke plants and been drilling for oil in our own country.

   It’s hard for me to believe that any of our current difficulties were not pre-planned. Nobody could be that stupid, could they?

Fannie Mae would need to add $46 billion of capital and Freddie Mac would need about $29 billion, the Lehman analysts wrote.

The companies will probably get an exemption from the rule because it would be “very difficult” for them to raise that amount of capital, the analysts said.

TRANSLATION….There are no helicopters and “very difficult” means impossible. Perhaps you or Petch can school me Ment? Where will the money come from?

In case you missed the main point of my posting at 18:52, it was not about the nutritional merits of the skins on rhubarb or potatoes or grapefruit, relative to the nutritional merits of the biomass under the outer skin. 

My point is that it is very ironic when we have people posting how they are going to escape the present system and move to a place where they can grow more of their own food, when most of the people I know waste enormous amounts of food biomass that passes through their kitchens now.  It seems logical to me to place some priority on changing one’s food preparation habits to make better use of more of the food biomass that we now throw away, before worrying about how we can escape and grow our own food in some imaginary shangri-la.

If you go into a franchise of the store that I think was called ‘Bed and Bath’, in their kitchen section you could find a dissecting tool for just about any fruit or vegetable you wished to name.  And if you were silly enough to buy one of these unneeded gadgets it would gouge out a good chunk of the fruit or vegetable to throw away, precious food biomass that could otherwise be eaten by humans.  The idiotic device for de-coring apples is an example of what I am talking about.

What I am getting at here is that there are certain riches of the world that are truly precious.  I rank silver and gold amongst those precious resources, but so do I rank petroleum energy sources as precious, and so do I rank human food sources as precious.  That is why I simply cant undersatand why so many people consume petroleum-based energy sources so needlessly, nor can I understand why many people in our part of the world are also wasteful in their processing of valuable food resources.  Cheers.  Equiz.

cheered up and guess what

The note in the e-mail - moving to higher ground and by now the buildings and houses are covered.

ASIA MARKETS

Energy, financial stocks lead Tokyo downhill

HONG KONG (MarketWatch) — Japanese stocks fell Tuesday, with commodity traders such as Marubeni Corp. declining on a pullback in crude-oil prices, while financials such as Mitsubishi UFJ Financial Group dropped on worries about U.S. credit markets.

The Nikkei 225 Average dipped 1.1% to 13,216.45, giving up its gains from the previous session, when the benchmark snapped out of a 12-session losing streak — its longest in 54 years. The broader Topix index lost 1% to 1,299.69.

Australia’s S&P/ASX 200 slipped 0.1% to 4,998.60, giving up early gains, and New Zealand’s NZX 50 index gained 0.7% to 3,143.57. South Korea’s Kospi shed 0.8% to 1,566.73.

- complete story -> tinyurl.com/672a8y

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Asia/Pacific Region tonight……….

finance.yahoo.com/intlindices?e=asia

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Australia’s ASX All Ordinaries Composite Index = UGLY!!!

JBI

corn farming/fish farming, what’s the difference? the vietnamese were smart enough to figure out that bomb craters made excellent fish farms.

rno

You still got any of those financial puts you had a few months ago?  IF, you do, I expect you are floating on your yatch off the coast of Greece or some exotic place!

Lest you think Florida is any different, development runs rampant in the state. Everglades almost beyond repair. Aquifirs are almost shot in many areas. In New Smyrna Beach, about an hour from Orlando on the east coast, has exhausted its permitted supplies of water, but the “gobmint” there has approved plans and permitting for another 25,000 homes on top of the 25,000 already there. Where will the water come from? How will the “old New Smyrna” survive this influx of population, not to mention increased polution, etc. Are there some nice areas? Heck, yeah. But the developers are always seeking more land, anywhere, to build build build. They got their problems now, though. Many going under. Lotsa small home builders have packed it in. Commercial stuff now also under pressure.

Regarding roads, we have the opposite problem. Traffic here is murder because there are not enough roads that work. Poor planning. Only really good stuff is the turnpike gang, but even they are corrupt and on the take. Its a mess no matter where you are. We are back into a drought, with many ponds and smaller lakes drying up. Spring fed lakes/ponds doing okay, but boy, we have wrecked some beautiful lakes hereabouts. It is still lush relative to most parts of the USA, but we are not without our problems/challenges. But, still, plenty of smaller producers of vegetables and fruit, natural honey, jams, breads, you name it. Not sure how long that will last, but if you want it now, you can get it pretty easily on a local basis. I recall a trip to Yosemite a few years back, we drove through the San Joachin Valley, I could not believe the abundance. But it all has a price, right?

Very very oversold, yes. Or so says the RSI and Slow Stochs. But those moving averages are confirming that the tide has turned worldwide. Bounces we will see, but thinking here that, overall, it’s going to be very ugly across the board for the next 90-120 days……..except for the PMs. {jmho, of course}

Dow Jones World Stock Index, closing today at its lowest level since October 2006.

JBI

North of Burlington, Iowa. This about 2 mile from where my uncle farmed. That windmill is 30 ft tall and BTW those buildings are on high ground.

Maybee fishin but you gota know the water!

AH, now I understand - I knew there had to be a good explanation!

Those are some wise words, imo, from RR. Thanks for sharing. I can’t help but agree with him 100%. RR does have a way with words, doesn’t he, in bringing his point across?

JBI

Looking to Make Contact!

Let’s examine the latest press release of July2, 2008.

ECU stated:

QUOTE

The high number of mineralized veins encountered are consistent with the geological model as they are within the marble/skarn alteration zone that envelopes the intrusive event, which in turn sourced the vein mineralization of the Santa Juana veins system. We believe the Calcite Veins are within an alteration zone that surrounds a potential deep seated massive sulphide replacement (Mantos-type) body. This is further supported by the presence of the M-S Veins 48 metres (160 feet) below the Calcite Veins. Confirmation of assay results for M-S Veins is pending.

END

As one approaches the contact of the intrusive one would expect three types of mineralization created through metamorphic alteration. First there are densely spaced calcitic veins that are consistent with the limestone being cracked by the intrusive and the cracks being filled with metal rich minerals. Second there are cracks in the alteration zone filled with massive sulfides, and then thirdly there are the massive sulfides formed at the intrusive contact. From the press release we can see that the depth capability of the drilling equipment was reached (900m) before reaching the contact of the intrusive. What ECU is referring to as “Massive Sulfide Veins” could already be the start of a massive sulfide lens because the first “vein” is almost 4m thick and drilling ceased while in the second “vein”. This massive sulfide lens could easily be tens of meters thick, and judging by the size of the intrusive could have lateral extent in the hundreds of meter range.

What is extremely intriguing is that ECU released the assays for the calcitic veins but did not release the results from the Massive Sulfide veins. They said “confirmation of assay results for M-S Veins is pending”. Note it is not the assays that are pending but confirmation of them. I can think of only one viable reason why assays would have to be “confirmed” and that is because they are extraordinarily good! I titled my 2006 article “ECU Silver Mining - An Extraordinary Junior Mining Company” and my interpretation of this press release is that they may well live up to that billing by announcing some extraordinary results. We will know very shortly.

When I wrote my article in October 2006 the silver price was $11/oz and ECU had only 98 million ozs of silver equivalent of NI-43-101 compliant mineral inventory comprised of:

17.4 million Indicated silver equivalent ozs.
81 million Inferred silver equivalent ozs.
The stock was trading at CDN$2.50. The company has now booked 217 million silver equivalent ozs of NI-43-101 compliant of mineral inventory comprised of:

37.6 million Measured & Indicated silver equivalent ozs.
179.0 million Inferred silver equivalent ozs.
The Company has also identified an additional mineral potential range of 549 million to 960 million silver equivalent ozs yet the stock is trading at $1.68! Furthermore, the silver price is $18/oz. ECU stock is probably at least a factor of 10x undervalued and should be trading at closer to $16 than $1.68. The fact that ECU has been categorized as a thin vein mining play has unjustifiably held down its valuation. The current deep drilling results could dramatically change ECU’s prospects. The discovery of massive sulfides in a large lens with extraordinarily rich grades could transform the company’s fortunes and the true valuation of the company could be recognized by the market in explosive fashion.

Michel Roy, CEO and Chairman of ECU, is an extremely talented and experienced exploration geologist. The geological model he defined has been proved correct in press release after press release and by the astonishing growth of NI-43-101 compliant resources. The geological prowess of the ECU team is exemplified by an outstanding discovery. In August last year the company announced they had located the western extension of the Terneras Vein which had eluded all previous exploratory efforts for over 100 years! Michel Roy’s team located it!

The ECU team has demonstrated they are world class explorationists and now they have drilled a deep hole that has intercepted mineralization near the intrusive that has long been postulated to be the biggest exploration jewel of the Velardeña property. The assays of the calcitic veins show good grades and increasing gold and silver content with depth. In respect of the Massive Sulfide veins ECU is apparently needing to “confirm” the results. The track record of ECU can only lead me to believe that this could be the most exciting news out of the company yet.

Watch this company closely. It could, yet again, turn out to be “extraordinary”!

ECU Silver Mining trades on the Toronto exchange under the symbol ECU.TO and on the NASDAQ Pink Sheets as ECUXF.PK

Adrian Douglas
July, 2008

adouglas@marketforceanalysis.com

For full disclosure I am pleased to say that I am a long standing share holder of ECU. This article has not been commissioned by ECU and I have not, nor will I, receive any compensation for writing it. Mineral exploration is a tough business with many risks involved; please factor your own risk tolerance into any investment decisions.