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Saturday, July 4, 2009
Junior Mining: Argentina and Mining 101 on investing in high leveraged space. TNR.v, MAI.to, CLQ.v, WLC.v
Posted by andre at 7:32 AM
In our Junior Mining fast changing market space information is everything and the more opinions you can get the better. It is always pleasant to find somebody else following our stories and market to make a reality check. We found this website very informative and once you always remember that Blogs do not provide any Investment Advise, but give food for thought you should enjoy reading it.
"Friday, July 3, 2009
Successful Investing takes courage - LUN, TNR, MAI, CLQ, WLC
Lundin Mining has bounced back from its lows of last year $0.70 to $3.00+! Goes to show that in mining business - perception can scare people off from excellent opportunities.
Lundin's background.
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain, Sweden and the DRC. The Company currently has four mines in operation producing copper, cobalt, nickel, lead and zinc (Neves-Corvo in Portugal, Zinkgruvan in Sweden, Aguablanca in Spain and Tenke Fungurume in the DRC). In addition, Lundin Mining holds a development project pipeline which includes major expansion programs at its Neves-Corvo and Zinkgruvan mines. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures. Lundin Mining's corporate headquarters is in Toronto, Canada, and its operational headquarters in London, UK. Lundin Mining's shares are listed on the Toronto Stock Exchange ("LUN") and its Swedish Depository Receipts are listed on the OMX Nordic Exchange ("LUMI"). With heritage and a series of excellent projects, buyouts, and mergers under its belt, it was crazy in February of 2009 to think a prestigious brand such as Lundin could be below $1.Just a few years ago, Lundin bought out every joint venture partner that the project generation group TNR Gold Corp put out - including the $15/share buyout of Tenke Mining which made shareholder millions. Keep in mind this was just in 2007 August http://lists.miningwatch.ca/pipermail/news/2007-April/001290.htmlNow, in the space of less than a week, Mr. Lundin has followed through and then some. In the past seven days he has unveiled a pair of billion-dollar deals, including a $1.4-billion all-stock offer yesterday for Tenke Mining Corp., which owns a 25-per-cent stake in a copper deposit in the Democratic Republic of Congo that is one of the largest undeveloped ore bodies in the world.The same opportunities now lie with various mining juniors we frequently cover here on Mining 101. The question is - can you stomach the risk of getting in early?$1,000 initial investment in MAI.TO at its low when we mentioned it last August would have turned into $1,300 pretax if not more if you sold when McEwan became CEO - $0.40 to $1.05+. We expect even more from Minera Andes - just look at McEwan's other groups - Rubicon Minerals and US Gold - $1 to $3 during this recovery boom for metals.We follow winners and there's no better winners than founder of GoldCorp and the group we are reviewed earlier today, Lundin Mining. Coincidentally, Lundin has had several successful dealings with this next group, TNR and its subsidiaries.
Successful Investing takes courage - LUN, TNR, MAI, CLQ, WLC
Lundin Mining has bounced back from its lows of last year $0.70 to $3.00+! Goes to show that in mining business - perception can scare people off from excellent opportunities.
Lundin's background.
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain, Sweden and the DRC. The Company currently has four mines in operation producing copper, cobalt, nickel, lead and zinc (Neves-Corvo in Portugal, Zinkgruvan in Sweden, Aguablanca in Spain and Tenke Fungurume in the DRC). In addition, Lundin Mining holds a development project pipeline which includes major expansion programs at its Neves-Corvo and Zinkgruvan mines. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures. Lundin Mining's corporate headquarters is in Toronto, Canada, and its operational headquarters in London, UK. Lundin Mining's shares are listed on the Toronto Stock Exchange ("LUN") and its Swedish Depository Receipts are listed on the OMX Nordic Exchange ("LUMI"). With heritage and a series of excellent projects, buyouts, and mergers under its belt, it was crazy in February of 2009 to think a prestigious brand such as Lundin could be below $1.Just a few years ago, Lundin bought out every joint venture partner that the project generation group TNR Gold Corp put out - including the $15/share buyout of Tenke Mining which made shareholder millions. Keep in mind this was just in 2007 August http://lists.miningwatch.ca/pipermail/news/2007-April/001290.htmlNow, in the space of less than a week, Mr. Lundin has followed through and then some. In the past seven days he has unveiled a pair of billion-dollar deals, including a $1.4-billion all-stock offer yesterday for Tenke Mining Corp., which owns a 25-per-cent stake in a copper deposit in the Democratic Republic of Congo that is one of the largest undeveloped ore bodies in the world.The same opportunities now lie with various mining juniors we frequently cover here on Mining 101. The question is - can you stomach the risk of getting in early?$1,000 initial investment in MAI.TO at its low when we mentioned it last August would have turned into $1,300 pretax if not more if you sold when McEwan became CEO - $0.40 to $1.05+. We expect even more from Minera Andes - just look at McEwan's other groups - Rubicon Minerals and US Gold - $1 to $3 during this recovery boom for metals.We follow winners and there's no better winners than founder of GoldCorp and the group we are reviewed earlier today, Lundin Mining. Coincidentally, Lundin has had several successful dealings with this next group, TNR and its subsidiaries.
In fact, Lundin could even be getting into the green energy business through TNR... from its past history (TNR + Tenke Mining!)A $1,000 investment in lithium powerhouse TNR Gold (international lithium) at its March 2009 lows of $0.04 is now at $5,000...we are expecting more following its update on Los Azules, and the eventual spinoff of a new IPO - lithium developer ILC. Last I checked - nobody on TSX has anything remotely close to what these guys have done with such a small budget. Read the About TNR section on their latest press release:
TNR is a diversified metals exploration company focused on identifying new prospective projects globally and upon approval of pending licences in Ireland, will have a total portfolio of 32 properties, of which 16 will be subject to the proposed spin-off of International Lithium Corp ("International Lithium"), TNR's wholly owned subsidiary.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com/
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.
We've done the comparison before - but other than WLC.v (claiming hectorite clay extraction is economical - never been proven) - who else has significant worldwide holdings except for these guys? Feel free to post up comments if you come across - we will try and review other companies and give our opinions."
TNR is a diversified metals exploration company focused on identifying new prospective projects globally and upon approval of pending licences in Ireland, will have a total portfolio of 32 properties, of which 16 will be subject to the proposed spin-off of International Lithium Corp ("International Lithium"), TNR's wholly owned subsidiary.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com/
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.
We've done the comparison before - but other than WLC.v (claiming hectorite clay extraction is economical - never been proven) - who else has significant worldwide holdings except for these guys? Feel free to post up comments if you come across - we will try and review other companies and give our opinions."
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