Welcome to the TTM Resources Stock Hub
(Edit this Message from the "Fast Facts" Section)
Message: BTV TTM Video
Well isn't that a nice way to start your morning off!!
Just a couple of key points:
1) Financing, As it stated flow through money which we get back 30cents (tax credit) on every $$$ spent. (Thanks BC government.) will go for step out drilling and to explore our two new larger targets. The rest is for general expenses plus to move indicated to measured. That is what the majors want to see. 100% proof of what we say we have in black and white. We have about 16 million in the bank. Money is not going to be an issue. Dilution for right now is out of the question.
2)Environmental issues: NONE! As was stated in the video pine beetle infested forrest crippled the logging industry (plus the local economy) the government acutally wants that area de-forrested. First nations have been contacted long ago and there will be no issues as far as they are concerned.
3) The terrain: Check out the terrain its rolling hills, we are not mining the side of a mountain! My first perception last year was this is BC therefore I could see us blasting and hauling rock out of the way. Not so!
4) Drilling: The plan is too drill 130 holes this year! That even exceeded my expectations by a long shot. With 2/3 infil. We will be expanding and at the same time growing our deposit into the measured category.
5) Political issues: NONE! Like they said Mining friendly BC. Also Canada. Most know how important this is. How safe is your investment in a mine in a country ruled by a dictator!
6) Other properties: Yes the Chu is not our only gig. But management is smart enough to concentrate 100% of their efforts into the chu. What ever is in those other properties will still be there when we get around to it.
7) The board/management: Take the time and go to TTM's website and look at the bios of all the board/advisor members. They have experience from financing to mine engineering. Don Davidson (the Davidson deposit same guy) is also on the sprott moly fund as well. Dundee are big players here and of course, who can forget Sprott's contribution. Both in financing as well as very experienced guidance. Not to mention the connections that Eric has in the metals industry.
8) Risks: No ttm is not 100% risk free. As the speaker from Canaccord said, "If moly drops to 10 bucks then this project could be shelved". He did not say vanish but could be put on hold. "Could we see $10.00 moly" yes, is that very likely absolutely not!
With the world facing aging infastructure let alone future expansion moly is in short supply and therefore in huge demand.
Also they seem to be finding new uses for moly everyday. Plus there is just not a cheaper substitute for this metal.
The BRIC countries , Brazil, Russia, India and China their economies will continue to expand regardless what happens in the US. While here in North America we are building neighborhoods, at the same pace as China is building cities!
The Chinese are curbing exports on moly as they want to ensure a supply for themselves. In that scenerio where will the rest of the world get their supply from?
Also they have shut down a whole mining district on moly mines for safety (flooding) issues. The world does not stop and wait for them to come online again.
Also announced was a financing delay at moly mines.
Plus Adanac (which many in this business believe that they may not get financed at all). Regardless they were slated to go online I think in 09/possibly 2010. No doubt their start up dates will be delayed.
MOLY DROPPING TO THE $10.00 LEVEL IS THE LEAST RISK OF ALL!
But on the fiip side of this the man from Canaccord said "if the price goes to $50.00 bucks this can be very lucritive!
How much risk do you believe remains buying ttm at this SP? With such a bright future?
Hope this helps out the newbies. As for alot of us we convinced ourselves long ago, since then it has only gotten better.
Good luck, buy, hold and prosper!
BBOB
Just a couple of key points:
1) Financing, As it stated flow through money which we get back 30cents (tax credit) on every $$$ spent. (Thanks BC government.) will go for step out drilling and to explore our two new larger targets. The rest is for general expenses plus to move indicated to measured. That is what the majors want to see. 100% proof of what we say we have in black and white. We have about 16 million in the bank. Money is not going to be an issue. Dilution for right now is out of the question.
2)Environmental issues: NONE! As was stated in the video pine beetle infested forrest crippled the logging industry (plus the local economy) the government acutally wants that area de-forrested. First nations have been contacted long ago and there will be no issues as far as they are concerned.
3) The terrain: Check out the terrain its rolling hills, we are not mining the side of a mountain! My first perception last year was this is BC therefore I could see us blasting and hauling rock out of the way. Not so!
4) Drilling: The plan is too drill 130 holes this year! That even exceeded my expectations by a long shot. With 2/3 infil. We will be expanding and at the same time growing our deposit into the measured category.
5) Political issues: NONE! Like they said Mining friendly BC. Also Canada. Most know how important this is. How safe is your investment in a mine in a country ruled by a dictator!
6) Other properties: Yes the Chu is not our only gig. But management is smart enough to concentrate 100% of their efforts into the chu. What ever is in those other properties will still be there when we get around to it.
7) The board/management: Take the time and go to TTM's website and look at the bios of all the board/advisor members. They have experience from financing to mine engineering. Don Davidson (the Davidson deposit same guy) is also on the sprott moly fund as well. Dundee are big players here and of course, who can forget Sprott's contribution. Both in financing as well as very experienced guidance. Not to mention the connections that Eric has in the metals industry.
8) Risks: No ttm is not 100% risk free. As the speaker from Canaccord said, "If moly drops to 10 bucks then this project could be shelved". He did not say vanish but could be put on hold. "Could we see $10.00 moly" yes, is that very likely absolutely not!
With the world facing aging infastructure let alone future expansion moly is in short supply and therefore in huge demand.
Also they seem to be finding new uses for moly everyday. Plus there is just not a cheaper substitute for this metal.
The BRIC countries , Brazil, Russia, India and China their economies will continue to expand regardless what happens in the US. While here in North America we are building neighborhoods, at the same pace as China is building cities!
The Chinese are curbing exports on moly as they want to ensure a supply for themselves. In that scenerio where will the rest of the world get their supply from?
Also they have shut down a whole mining district on moly mines for safety (flooding) issues. The world does not stop and wait for them to come online again.
Also announced was a financing delay at moly mines.
Plus Adanac (which many in this business believe that they may not get financed at all). Regardless they were slated to go online I think in 09/possibly 2010. No doubt their start up dates will be delayed.
MOLY DROPPING TO THE $10.00 LEVEL IS THE LEAST RISK OF ALL!
But on the fiip side of this the man from Canaccord said "if the price goes to $50.00 bucks this can be very lucritive!
How much risk do you believe remains buying ttm at this SP? With such a bright future?
Hope this helps out the newbies. As for alot of us we convinced ourselves long ago, since then it has only gotten better.
Good luck, buy, hold and prosper!
BBOB
3 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply