Thompson Creek Metals (Blue Pearl Mng)

Barry Schwarrtz of Baskin Financial Services:
Thompson Creek Metals
Symbol: TCM-T    
PAST TOP PICK (Top Pick Nov 10/09, Down 2.56%)
Great week last week, got approval on new mine. Nice possibility of upside.
2010-11-04

http://www.stockchase.com/...--slq-ID-slv-Thompson--Creek--Metals.php  

 

Kategorie: US-Markt News | Uhrzeit: 11:42  
   
New York (BoerseGo.de) - Der Molybdän-Hersteller Thompson Creek konnte seinen Nettogewinn im dritten Quartal 2010 auf 31,1 Millionen Dollar steigern, nachdem im Vorjahr noch ein Verlust von 1,4 Millionen Dollar zu Buche stand. Unterstützend wirkte dabei ein steigender Output und höhere Verkaufspreise. Der Umsatz stieg im dritten Quartal um 41,4 Prozent auf 161,8 Millionen Dollar an. Der Molybden-Preis stieg im Jahresvergleich um 20 Prozent an, und trieb so die Ergebnisse in die Höhe.

http://www.boerse-go.de/nachricht/...al-deutlich-Metals,a2379859.html  

Thompson Creek posts Q4 profit as prices, output rise
 
By: Liezel Hill
5th November 2010

TORONTO (miningweekly.com) - Molybdenum producer Thompson Creek Metals earned $31,1-million in the third quarter of 2010, up from a $1,4-million net loss a year earlier, helped by a 28% increase in production volumes and rising molybdenum prices, the company reported on Thursday.

Revenue for the third quarter increased 41,4%, to $161,8-million, and the firm's average realised molybdenum price was 20% higher year-on-year, at $15,30/lb.

Stripping out some non-recurring items, adjusted net income was $51,6-million, compared with $14,3-million in the third quarter of 2009.

Thompson Creek said it produced eight-million pounds in the quarter, up from the 6,2-million pounds produced in the year-ago period.

"Thompson Creek's third-quarter financial performance was significantly improved from a year earlier mainly as a result of strengthening molybdenum prices," CEO Kevin Loughrey said in a statement.

"We anticipate that over the balance of 2010 and in 2011, the price for molybdenum oxide will continue to be volatile, but will gradually increase with the expected improvement in worldwide molybdenum-bearing steel production," he added.

Last month, Thompson Creek bought Canada's Terrane Metals, which owned the Mt Milligan copper/gold project in British Columbia.

The mine is expected to start production in 2013, and received environmental approval this week from the Canadian government.

Molybdenum, which Thompson Creek produces from mines in Canada and the US, is used to strengthen steel.

Edited by: Liezel Hill

http://miningweekly.com/article/...t-as-prices-output-rise-2010-11-05  

Sell on good news: Bin wieder raus.

TCM wird in den nächsten Monaten zwar noch ein wenig steigen - ich schätze mal 25% in den nächsten fünf - sechs Monaten. Mir reicht das nicht. Deshalb: Tschüss bis ich wieder bei günstigen Kursen einsteigen kann.  

Welche Aktie macht denn sicher mehr als 25% in den nächsten 5 Monaten?? Bei dem aktuell ziemlich heissgelaufenen Markt kann ich mir das kaum vorstellen...

 

+5,5%, 10 Millionen Stücke gehandelt!

http://de.advfn.com/...icchart&s=T^TCM&p=0&t=19&vol=1

http://de.advfn.com/...icchart&s=ny^tc&p=0&t=19&vol=1

 

Thompson Creek Metals Company Inc.
TCM.TO
Fri Nov 5, 2010 3:49am IST

(Refiles to remove extraneous letter from headline)

Nov 5 (Reuters) - Thompson Creek Metals Co Inc (TCM.TO):
* Announces third-quarter 2010 revenues up 41% and cash flow from operations up 143%
* Auto Alert - Q3 earnings per share $0.22
* Auto Alert - Q3 earnings per share view $0.20 -- Thomson Reuters I/B/E/S
* Auto Alert - Q3 revenue $161.8 million versus I/B/E/S view $136.1 million
* Says does not anticipate a significant change in its product inventory position in 2011 * Sees 2011 molybdenum production of 30 to 33 million pounds
* Sees 2010 estimated molybdenum production of approximately 31 million pounds
* Says mill expansion project at the endako mine is expected to be completed in the    fourth quarter of 2011
* Says capital expenditures for 2011 are expected to be approximately $525 million
* Says capital expenditures for 2010 are expected to be approximately $300 million

http://in.reuters.com/article/idINASA0100920101104  

jo, da bin ich etwas überrascht (natürlich positiv). Die Produktion und insbesondere der Verkauf in der TC-Mine haben um 1 Mio Pfund zugelegt gegenüber Q1 und Q2. Dann muss natürlich mehr Cash überbleiben :).

Da man ab in der TC-Mine 22 bis 24 Mio Pfund produzieren wollte, musste nach 2 mal 5 Mio verkauften Pfund mal wieder eine Steigerung kommen. Produzierte Menge liegt in der Nähe von Q1 und wurde auch fast komplett verkauft. Nur geringe Warenbestandserhöhung.

Der realisierte Preis für Q3 war mit 15,3 Dollar pro Pfund auch etwas über dem Durchschnittspreis der Seite von Metals Week. Ich hatte dort 14,65 als Preis für Q3 ermittelt.

Beide Faktoren haben gegenüber meiner Schätzung den Gewinn nach oben gehen lassen. Ohne den Verlust aus der Bewertung der Warrants würden wir bei über 51,6 Mio Dollar liegen.

Gegenüber meiner Schätzung sind halt nur die 18 Mio mehr Erlös aus dem höheren Preis für Moly und der 1 Mio mehr verkauften Pfund an der TC-Mine abweichend.

Den Gewinn von 6,7 Mio aus Wechselkursrisiken kann man vorweg natürlich auch nicht einplanen.

Insoweit muss ich sagen, haben die Jungs gut gearbeitet.

Der Ausblick bleibt weiter gut. Für dieses Jahr will man in TC noch die 24 Mio Produktion schaffen. Da liegt man aber nach 3 Quartalen erst bei 17,5. Da sind in Q4 dann 6,5 als Produktionsziel drin, von denen ca. 6 Mio wieder verkauft werden. Im Nächsten Jahr will man in TC genauso so viel produzieren, aber Endako soll um 1 Mio steigen. Für 2012 ist dann ein Abschwung in TC zu erwarten (Produktion noch nur 4 Mio Pfund pro Quartal), aber Endako steigt auf 11-12 Mio.

Alles steht und fällt mit dem Preis, der m. E. in der nächsten Zeit anzieht. Wenn man den Preisschub bei Aluminium sieht, die Preissteigerungen im Stahlbereich, kann es bei Moly aus meiner Sicht auch nur aufwärts gehen.

Gruß und schönes WE
Muppets  

...of minor metals and rare earths"

BEIJING (Metal-Pages) 05-Nov-2010.
China's government is looking at strategic buying and storage of ten metals. Chinese analysts pointed out that once it creates a strategic reserve it will be able to adjust market supply and demand.
...
www.metal-pages.com/news/story/50206/  

 

Thompson Creek expects smooth sailing in financing Mt Milligan mine
 
By: Liezel Hill
5th November 2010

TORONTO (miningweekly.com) - Molybdenum producer Thompson Creek Metals could probably quite easily finance the development of its Mount Milligan copper/gold project, in British Columbia, from existing funds, cash flow and the exercise of warrants, assuming markets stay at their current levels, CEO Kevin Loughrey said on Friday.

Still, the company does not want to take any chances, and so it will also take on some equipment financing, and is negotiating for a revolving credit facility - likely somewhere in the range of $200-million to $300-million - he said in an interview.

Thompson Creek bought Mount Milligan in September when it acquired Terrane Metals, and is targeting first production from the mine in 2013.

The company has "conservatively" estimated capital requirements for developing the mine at about $1-billion, of which some $60-million or $70-million has already been spent, Loughrey said.

The company has around $350-million in cash, expects some $220-million assuming its warrants are exercisable at the end of 2011, and is still owed $85-million under a gold-streaming agreement with Royal Gold.

"And then we are generating a fair amount of operating cash," Loughrey said.

"So if the market prices stay where they are or go up, we really wouldn't need to do any financing to complete Mount Milligan."

Thompson Creek mines molybdenum - used to strengthen steel - from its 75%-owned Endako mine in British Columbia and the Thompson Creek mine, in Idaho, and also operates a metallurgical facility in Pennsylvania.

The company is expanding the mill at Endako, and also has a development project in British Columbia, Davidson, where it has been trying to decide on a development approach for the last couple of years.

However, the Terrane acquisition also brought the Berg copper/gold project, which Loughrey indicated he is quite interested in, although he indicated that it's unlikely the company could afford to develop both Berg and Davidson at the same time.

"We know quite a bit more about the Davidson project than we do Berg. So what we need to do is improve our knowledge base on Berg and try get up to that same level where we are at Davidson," he said.

"So I think somewhere near the end of 2011 we ought to be able to more fairly compare those two properties and decide which of these it makes more sense for us to develop."

MOLY OUTLOOK

Molybdenum prices, which averaged $17,58/lb in the first half of this year, dropped as low as $14,10 in July, but have since recovered to around $16/lb, as demand strengthens.

"And we continue to see strength there, I don't think that it will fall back at this point," Loughrey told Mining Weekly Online.

He reiterated that the medium to long term outlook for molybdenum is strong, particularly as demand from developing countries continues to grow.

Demand growth has been "steady but not dramatic", and will likely continue that way in the short term, until the next market catalyst that sparks a step-up in buying, he commented.

On the supply side, reports that China intends to limit molybdenum mining in the country is a positive sign for other producers, Loughrey noted on a conference call with analysts.

MORE PROJECTS?

Thompson Creek continues to look for additional acquisitions, but is more interested in earlier-stage prospects after completing the Terrane deal.

"I think the thing we are looking at next probably won't be of that magnitude, nor will it require that sort of capital investment on that time frame," Loughrey said.

"We're looking at something that's a little further out, a little more developmental."

The firm may also look further afield, potentially in Australia or South America.


Edited by: Liezel Hill


http://miningweekly.com/article/...ing-mt-milligan-project-2010-11-05  

VALUE: 15.950 USD  
http://www.bloomberg.com/apps/quote?ticker=MBMOEUOX:IND  

http://www.finanzen.net/analyse/...tals_Company_neutral-UBS_AG_383975

Largest Short Position Decreases 2010.10.15 - 2010.10.29

Thompson Creek Metals Co (TCM):  15,008,265 16,230,662 -1,222,397

http://www.financialpost.com/markets/data/market-short_pos.html

 

BRIEF-RESEARCH ALERT-UBS raises Thompson Creek price target
Published: Monday, 8 Nov 2010 | 8:11 AM ET
http://classic.cnbc.com/id/40068006  

null  

23.03.09, Quadra Mining sell, UBS AG

Diese Empfehlung kam bei einem Kurs von 5,08 Cad heraus. Und hier die anschliessende Entwicklung der Aktie:

http://bigcharts.marketwatch.com/quickchart/...e=10&x=30&y=19

 

 

Last Update: 8:56 AM ET, Nov 10

VALUE: 16.10 USD, +0.94%

http://www.bloomberg.com/apps/quote?ticker=MBMOEUOX:IND  

Posted on: Tue, 09 Nov 2010 10:30:00 EST
http://www.tradingmarkets.com/news/press-release/...cers-1294572.html  

11 November 2010, 8:46 a.m.
By Michelle Madsen
Of Kitco News
http://www.kitco.com/reports/KitcoNews20101111_madsen.html  

November 9, 2010

"Construction to start after feds approve British Columbia mine project "

Thompson Creek has acquired Terrane Metals Corp. and is starting construction on its first gold and copper mine near Prince George, B.C., after the project was granted federal government approval to proceed.

The Mount Milligan mine project is located in northwestern B.C., about 155 kilometres north of Prince George.

Former Environment Minister Jim Prentice announced recently that the federal government has granted approval to the proposed project, which is one of the first major mines to be developed in B.C. in a decade.

The project underwent environmental assessments, which concluded the it is not likely to cause significant adverse environmental effects, if the appropriate mitigation measures are implemented.

The $915-million mine is expected to employ about 1000 people at peak construction and the 30-month construction phase will provide an average of 370 jobs.

Construction involves an open pit mine, processing plant and associated infrastructure, a tailings pond, explosives factory, a 29 km access road and a 92 km transmission line.

-JOC News Service

http://www.journalofcommerce.com/article/id41416/  

ArcelorMittal legt drei Hochöfen still

15.11.2010 20:09
http://www.finanzen.net/nachricht/aktien/...ei-Hochoefen-still-949396  

Wer die sagenhafte Story von Blue Pearl mining, bzw. TCM kennt, der kennt auch Mr. Collison.
Collison hat die Mine bei TCM hochgezogen.
Ich dachte es könnte Euch hier interessieren, dass Mr. Collison nun für Ucore tätig sein wird.
Ucore hat HREE, vor allem das für die USA wichtige Militär-REE Dispersium im Boden.
Ucore hat bereits eine hervorragnde Infrastruktur. Es gibt bereits Gespräche zwischen der amerikanischen Regierung und Ucore. Die Amis wollen ein Projekt zur Absicherung
strategisch wichitger Rohstoffe umsetzten. Dieses Projekt soll einer kleinen Anzahl von Firmen Gelder zusichern, um deren Projekte in Produktion zu bringen.
Die Mcap von Ucore ist eher winzig zu den nun verifizierten Aussichten.


Ucore Retains Collison for Mine Design

HALIFAX, NOVA SCOTIA, Nov 16, 2010 (MARKETWIRE via COMTEX News Network) --

Ucore Rare Metals Inc. (TSX VENTURE: UCU) ("Ucore" or the "Company") is pleased to announce that it has retained Ken Collison of Collison Minecon Inc. ("Minecon") for the purpose of initial mine scoping, engineering and design work on a prospective Heavy Rare Earth mine and processing facility at the Company's Bokan - Dotson Ridge project in South East Alaska.

Mr. Collison is President of Collison Minecon Inc., and holds a B.Sc. in Mining Engineering from the University of Saskatchewan and a Masters of Engineering in Mining from the University of Saskatchewan. He was the Chief Operating Officer of Blue Pearl Mining/Thompson Creek Metals from 2005 to 2009, and was part of the team that purchased Thompson Creek Metals and built it into one of North America's premier molybdenum producers. He has previously held the positions of Vice President at Crandon Mining Corporation and Coeur Alaska, the Alaskan subsidiary of Coeur d'Alene Mines. He has extensive experience in mining operations, permitting and preparation of mining feasibility studies.

"Ucore is honoured to be associated with such an accomplished mine engineer as Ken Collison," said Jim McKenzie, President and CEO of Ucore. "He has a track record of successfully bringing prospective mines from initial scoping into profitable production, both efficiently and on a minimal allocation of time, financial and human resources. We believe that the fact that Mr. Collison has elected to be associated with the project speaks volumes as to the prospectiveness of near term mining operations at Bokan."

"The Bokan rare earth deposit is characterized by narrow vein hosted mineralization which can be readily extracted using classic narrow vein mining techniques," said Ken Collison, President of Minecon. "The vein stock works at Bokan are like the branches of an immense tree, with mineable widths and substantial HREE mineralization across the entire system. The mineralization in the Dotson Zone is highly consistent and continuous along strike. Further, the mineralization is visually demarcated from the surrounding country rock, with the opportunity to systematically remove the ore while leaving much of the waste rock in place. The methodology is well proven, and will have a small footprint relative to larger or open pit operations. The potential effect is a highly efficient prospective mining and milling operation, with minimal environmental impact, and a much faster track to design and permitting."

The Bokan rare earth deposit has an anomalously high content of dysprosium relative to other metals in the lanthanide suite and by comparison to other rare earth deposits. At the 6th International Rare Earth Conference in Hong Kong last week, industry expert Dudley Kingsnorth of IMCOA commented on dysprosium as being one of few rare earth metals to exhibit a pronounced supply shortfall in the near and intermediate term, with very few alternative sources of supply globally. Dysprosium is one of the most valuable, scarce and sought after metals outside of the precious metals group, and is in substantial demand for hybrid electric vehicles, nuclear power, lasers, and data storage applications. Bokan drill results have similarly exhibited anomalously high content of other highly valuable heavy rare earths including terbium, which is utilized in fuel cells and solid state devices.

Background

Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska.

The Bokan - Dotson Ridge project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia. The project area is served by barge and float plane from Ketchikan, with a pre-existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson Ridge project is structurally controlled in multiple dikes radial to a Mesozoic peralkaline intrusive complex.

In 1989, a U.S. Bureau of Mines study (Barker & Warner, USBM OFR 33-89) estimated that the greater Bokan area contains 37.8 million tons grading 0.50% TREO. This historical non NI 43-101 compliant estimate equates to 374 million lbs of contained TREO and ranks as one of the most prospective and accessible heavy rare earth prospects in North America.  

Welche Mine?

Endako und Thompson Creek gab es schon lange vor der Übernahme durch Blue Pearl Mining, also kann Collison nur am Davidson-Projekt gearbeitet haben. Von diesem Projekt spricht heute jedoch niemand mehr, da vorerst genügend Reserven in den produzierenden Minen vorhanden sind.
Das faszinierende am damaligen Mega-Deal war schlicht und ergreifend das kaufmännische Geschick von Ian McDonald.

PS:
Im Falle eines zukünftigen Molybdänmangels in der laufenden Produktion wird TCM m.M. nach eher die Weiterentwicklung des Mt. Emmons-Projektes favorisieren als die sehr teure Unter-Tage-Förderung bei Davidson anzustreben.