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Message: Re: revisiting Silver Bell

Nov 05, 2014 09:02AM

Nov 05, 2014 10:19AM

Nov 05, 2014 10:38AM

Nov 05, 2014 10:44AM

Nov 05, 2014 04:39PM

Nov 05, 2014 04:47PM

Nov 06, 2014 09:26AM

Nov 06, 2014 11:21AM

Hey, no worries about coming across as "disagreeable". We are all here to share news and perspectives. At least here that can be done with respect and reason.

As to Silver Bell, I think it has been understood that Asarco is seriously interested. Probably no one will disagree with that. What you quote, however, does not have to mean that an agreement is imminent. Having said that, I could be wrong, and I'd like to be.

Similarly, "finalizing" an agreement at NPSP does not, in my opinion, mean you will soon see a PR on that. As I keep repeating, I don't think uranium prices have yet recovered enough for that - latest price $36.75 per pound, which I think is probably near break even for this type of project (brecciated pipes). Besides, I believe we are only talking about one pipe out of hundreds. There is not going to be a lot of value in that, IMO, but with success some level of speculative interest should rise for the remainder, but not immediately. Last I heard, JB wanted to keep this (the remainder) in reserve to develope free and clear of partners and finacings and to be paid for by deals having been done elsewhere. If so, don't hold your breath for big things coming from NPSP anytime soon, even with a JV on one pipe.

In my opinion, all the important news will be coming from TSP in the near term, and I am sure there is a lot more going on there than can be gleened for any amount of PRs issued to date.

As an aside, and for those - not you - who keep complaining about mining stocks not doing well compared to stocks in general, I want to point out that the markets will rise too just as ruinous inflation takes over. Look at Zimbabwe in the last decade for a recent example . Lot's of money was made there, at least until the crash. Those who held real assets, however, survived and prospered, and such is typical in the history of money.

http://www.cato.org/zimbabwe

VP


Nov 06, 2014 01:39PM

Nov 06, 2014 02:28PM
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