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Thompson Creek Metals Company Inc. Message Board

  • ultraific3 ultraific3 Jan 14, 2014 11:11 AM Flag

    Perhaps the calls for the DEMISE of moly were..........premature......?

    What do you think, Stupidlithe.......???

    Any nuggets of wisdom from the bottom.......???

    Sentiment: Strong Buy

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    • There is no new news on moly. Endako is selling moly at the cost of production. Professional operators will not play out the mine and assume risk for no return. At the TC moly mine, the cost of production goes from about $6 to over $9 once the uncovered ore is exhausted-- and that is expected sometime during 2014. Laughrey said TC goes down without $12 moly, Perron said these kinds of C & M are routine, Shellhaise said the TC shutdown will result in a 150 million dollar charge. Laughrey, Perron and Shellhaise are the ones who have predicted the suspension of moly at TC. You also listen to the conference calls so you know this is true. It is not right to intentionally mislead people on this board who have confidence in your opinion.

      Sentiment: Sell

      • 1 Reply to superlithe
      • Funny one Stupidlithe:

        Let me give you some advice on the mining industry, that you clearly do not know.

        In order to shut down a mine on a temporary basis (aka: care & maintenance), on land (that operates on federal property admin'd by BLM), whereby a planned shutdown is longer than 6 mths duration, a plan of how that shutdown process and subject property will be admin'd by user, needs to be submitted to BLM and any other relevant federal agency (with respect to the subject property) who has authority over the admin of the lands (and in the case of TC, the US Forest Service is that other agency), for approval by local field office of the BLM and other relevant agency field offices in that district.

        Process and paperwork takes about a year before field office approves, and is a process that preserves NEPA permitting for the mine user, since such discharge permits are time certain (and not based on quantity or usage).

        A "C&M" plan does not require general agency or enviro approval (an EIS for example). Just field office approval on procedure.

        That process has NOT been initiated at the TC Mine.

        If it were, it would be a matter of the public record, and TC mgmt would NOT now be telling brokerage analysts that it will take moly prices of $9 lb. to have TC consider C&M at its mines.

        There may be some interim, short-lived distruption at TC Mine in 2015, (but not for the reasons you believe), and such will NOT forestall advancement of TC's MMPO at the TC Mine over LOM.

        As for the stripping costs being equiv. to $3 a lb incremental costs, YOU ARE ALL WET ON THAT..

        And it certainly will be front loaded costs, attributable to each segment of Phase 8 (E or W) stripped.

        Endako won't go down until they are underwater on a cash basis and can justify it with their Sojitz partner, since they are a partner with Sojitz in so many ways.

        Did you ever think the whole CC talk about any longer-term basis C&M was just a little game to talk up moly prices?


        Thanks for trying

        Sentiment: Strong Buy

    • For those who pretty much stated, as if it were somehow fact, just because they babbled it, that TC was headed for bk, hmmm imo, one word comes to mind, slander. I think that TC is gonna' get a less than stellar quarter behind them, but in all likelihood, being set up for some pretty serious CASH COW generating ones going forward, but hey, I'm Looooooooooooooooong this stock, and see a bright future. Hmmm, BAC seems to have gotten on board now, who's next?! Oh ya', and Bobby Boy, we all know what he did, despite what he said. too funny.

      Sentiment: Strong Buy

    • Why you buggin' him... 'the Johnson' at SA is a bigger a tool on his predictions....

    • Reminds me of, "Dewey Defeats Truman!" Oh really?!

      Sentiment: Strong Buy

2.65-0.05(-1.85%)Sep 17 4:03 PMEDT

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