BTW the Old Testament seems to have been a compilation of borrowed stories as well, including the story of moses is similar to the Bacchus cult's story of Mises and the earliest Genesis story had the universe created in 7 days only by a Goddess named Jeha (or female warrior) - note Jehova translates as great warrior. I guess what's the point of being a warrior if there is no one to fight? But the story is about Mises is fairly interesting. In the ancient Orphic verses (hymns sung to Bacchus) in oorgies celebrated throughout the ancient world Asia Minor, Greece, Egypt, Arabia, Phoenicia, Syria etc. it was told how God, who was born in Arabia, was picked up in a box (or potentially 'basket') floating in the water, and then took on the name Mises. He had two mothers, his real birth mother and is adoptive mother. He owned a rod (which was a symbol of power back then) and performed miracles with it for example he could change it into a snake and back at will. He led his army across the Red Sea dry, and with his rod separated the waters of the rivers Hydrastus and Orontes. He could drink water from any rock, and everywhere he went there was milk and honey and wine. So if you wish you should look for a translation of the Orphic Verses celebrating Bacchus. I guess this must have been arough draft! .
And even though I don't know he's jealous (it sucks down here most of the time), he doeseth commandeth 'do not envy'. I guess he is the 'do as I say and not as a I do' type.
i got this off the internet. Even though there is only one God, there also may be many Gods which may be contradictory but well, it's the Bible:
And God said, let us make man in our image.
And the Lord God said, Behold, then man is become as one of us, to know good and evil.
Let us go down, and there confound their language.
And against all the gods of Egypt I will execute judgment.
Who is like unto thee, O LORD, among the gods?
Now I know that the LORD is greater than all gods.
Exodus 20:3, 5
Thou shalt have no other gods before me. ... Thou shalt not bow down thyself to them, nor serve them.
He that sacrificeth unto any god, save unto the LORD only, he shall be utterly destroyed. (v.20)
Thou shalt not revile the gods. (v.28)
Make no mention of the name of other gods, neither let it be heard out of thy mouth. (v.13)
Thou shalt not bow down to their gods, nor serve them, nor do after their works: but thou shalt utterly overthrow them, and quite break down their images. (v.24)
Thou shalt make no covenant with them, nor with their gods. (v.32)
For thou shalt worship no other god: for the LORD, whose name is Jealous, is a jealous God.
Upon their gods also the LORD executed judgments.
What God is there in heaven or in earth, that can do according to thy works?
Thou shalt have none other gods before me.
Ye shall not go after other gods, of the gods of the people which are round about you;(For the LORD thy God is a jealous God among you)
For the LORD your God is God of gods, and Lord of lords.
Thou shalt not ... go after other gods to serve them.
They served other gods. (v.2)
Fear the Lord ... and put away the gods which your fathers served. (v.14)
..many more truncated...
From Mining dotcom 04/21:
Willem Middelkoop and Terence van der Hout of the Netherlands-based Commodity Discovery Fund believe that when the world's reserve currency is reset away from the U.S. dollar in the next decade, gold prices will rise and mining equities will follow. Van der Hout and Middelkoop tell The Gold Report that by focusing on producers, near-producers and turnaround stories, they plan to capitalize on the opportunities in North America, Africa and beyond.
(PLG) is developing a classic platinum mine in South Africa—a thin reef mine, which will be labor intensive. But it has also come up with a new discovery at Waterberg. It's not a 30-centimeter thick layer of platinum-enriched rock—it's anywhere between 5–20 meters and wider. It's amenable to underground bulk mining methods, which makes mechanization possible. That keeps the project largely aloof from the labor unrest issues.
Waterberg also has enormous size potential. The current size of the deposit is already world class. Platinum Group Metals made a stepout of about 5 kilometers (5km) recently, and it hit the same mineralization at a certain depth. Just a few weeks ago, it announced a 16km stepout had hit another mineralized structure. It owns about 23km of strike length. There is still huge blue sky on that project.
We very much like the future for platinum group metals (PGMs) given that the Chinese automobile market is exploding and will need all the PGMs that the world can provide.
The Waterberg project and Ivanhoe Mines Ltd. (IVN:TSX) Platreef project are the future of platinum mining in South Africa.
Just to give you an idea of how powerful Zues was, a couple thousand years ago when the Romans built a huge bronze statue of Jupiter and placed in on the ground, not far from the colloseum. That night it was stuck by lighting. Obviously Zues was a tad jealous, which means angry, so the Romans quickly buried it and put a stone on it saying what was buried there and why. This stone sat there until 1970 when an archeolofgist thought it might be interesting to see if the statue actually was under there. It is considered the greatest bronze statue of Ancient Rome and is in the Parthenon today. It is definitely the largest surviving one, since nearly all the other bronze statues were eventually melted down to make weapons. But the fact that Zues coulod wield lightning so accurately when he was not happy, is a great testimony to his supernatural powers, so be careful how high you put your own deities, they might get struck with lightning by Zeus.
I think Zues is. A lot of good stories came out of ancient times when believing was easy given that there was not an abundance of scientific knowledge to balance it. In fact the Mithran Pagan, Constantine had a pretty good idea to not only for the Christians to have a creed (Niceaen creed) he had his historian and scribe Eusebius write a new testimony based on stories, myths and religions from all around the world so we could all buy into it and have one religion, hopefully ending religious wars. Several sections of the book of Matthew were translated verbatim from the Mahabarata. Christos was the latin word at the time for Krishna, and several other passages, even attributed to Jesus, were taken from Greek poetry. Constantine required the bishops at Nicea to encorporate Pagan traditions and apparently more specifically, Mithran Pagan traditions, into the religion, That, at least is why I believe plot of the story of Jesus was modeled so closely after Mithra's story. Mithraism was the most popular religion in Rome until about the 3rd century. The basiicas of St peter's & St Clements were built right on top of Mithreums (Mithran Temples). The story of Mithra came from Persia about 500BC. Mithra was born on Dec 25, had 12 disciples, taught monotheism, was eventually treated like a criminal for defying authority, and had a last supper where he broke bread and offered wine for his sacrifice to be remembered, and then was crucified and then rose to heaven 3 days later. He was also born of a virgin birth. So if you wonder why the story of Jesus is so similar, it may be no coincidence that the man who commissioned the earliest versions of the New Testament to be compiled and pubilshed, was a Mithran. The Church says we was a Christian but when he was finally baptized it was as a Mithran. He made Constantinople the center for Christianity most likely so he could keep an eye on it. There is still a huge statue of him as Apollo on a large column there.
Yes, now from a strategic perspective, with salaries riseing substantially, those deep mines which are losing money today (prior to the strike) will have to be shuttered. There will have to be layoffs. If the AMCU wants to be forceful with a 'penny wise, pound foolish' logistic, the big three companies with deep mines may have to close, unless the ANC steps in and somehow helps to fund the miners' salaries. But somebody needs an education over there. You can't expect a business to stay in operation for very long when the business model is not profitable. You can't just drain a company of all its money and expect it to keep existing. I am glad PLGs workers are members of NUM, not AMCU. They should be allowed to shutter all mines that are not profitable and not expected to be profitable in the near term, unless the government wants to subsidize the difference.
So now Platinum is about where it was a year ago, long before the strike and Ukraine crisis. Meanwhile demand has increased and supply has diminished. PLG is down almost 10% despite all the lucrative developments and despite that we are about 50% closer to completing the WBJV project and actually mining with revenues.
I realize the price of Pt dropped while I was writing the post! Strike possibly over. (But it will be a while before regular production resumes and I expect as the economy continues to pick up, demand will increase all around so still not much downside).
Today's Seeking Alpha recap of PLG is quite good. Though it does cite the known risks I may disagree as to what degree these are risks. But I like the detail. For example at Waterberg regarding the extraction cost per ounce: Cash cost estimated $438 (including by-products). Including the state royalty and an allocation for head office overheads the operating costs are estimated to be 626USD per 3E ounce excluding Cu, Ni credits and 438 USD per 3E ounce including Cu and Ni as credits, all at 10 Rand/USD.
Also reminding us of all the recent new developments, for example: On March 4, 2014, the Company announced additional drilling results for the Waterberg Extension Project. A new thick platinum and palladium mineralization was found, 15 kms north of the Waterberg deposit.
Anyway it is bullish. With the price of Platinum at $1435, and a cost of extraction at $438, and selling the concentrate at a discount to spot, it is the discount rate (30%? -anybody know what Pt concentrate sells for per ounce, that is that would result in an ounce of platinum?) and you get about $1000 worth of platinum in concentrate form) and the price of platinum that will determine how much money we make per ounce after tax. If they execute they will be in operation about a year from now, and getting up to 275000 ounces within 12 months of that. Add the 600000 plus ounce yearly production expected from Waterberg and you have a total $1 million ounce (equivalent) production rate per year at full blast for the next 2 decades (I expect in full operation like that from after 2018 and to be safe allow up to 2020 to get to full ramping). This doesn't count the remaining parts of the Waterberg extension which we have not yet fully assessed but which is looking better all the time. But say we may $500 per ounce net after all costs. That is about $500 million in cash flow per year. Currently that is the market cap of PLG. That will look mighty cheap a few years down the road in retrospect if they execute their strategies to plan.
I also had a slight reaction of questioning when I read the PR. I wondered if Alfa Laval was hijacking the high speed filler concept and changing a few parts to improve it and then saying it was theirs. Then I thought of them selling these new and improved high speed fillers without having to share anything with Sealed Air or IDC. Then I brushed that thought aside. I am sure there has to be some kind of protection in this relationship. I have a feeling IDC may not be publishing anything right now because the Dusseldorf show isn't for a few more weeks and Alfa Laval is going to debut this new equipment there. But I'd like to state 'aye aye' that I agree that it would be great to know how IDC is compensated for the sale and or use of these machines. Valuing a company is all about estimating future cash flows, and we need something to chew on in regard to these high speed filler machines. We know something about the taps and that is useful. One thing about the filler machines, they mean more bag in boxes and taps at a faster rate in general and we can hope they are ours.
They don't realize most people are much smarter than they are. It takes a real idiot to choose spam as an ad venue. It's a real turn off from the get go. I think these are computer generated, running scripts that copy messages and create new ones and spewing out canned phrases like 'that's awesome'. They actually think they are blending in convincingly with real posters and can trick us with the old 'wolf in sheep's clothing' trick and get us to click on their website.
We had a similar double bottom to the one just formed by trading at 1.00, and also at the very same price point, back in October 2013. Double bottoms like this are considered bullish. For example, in October PLG soon afterwards rose to 1.35.
Still, from a rule of thumb basis the reason to buy PLG would be because you believe they will get more than $22 (present value) per ounce of future Platinum mined, even assuming they don't discover any more platinum on their property even though all indications are they are sittings on 10s of millions more ounces of it. If you believe either of the above is possible then the question is, 'do you believe PLG will get more than $15 plus or minus $5.00 for each ounce of platinum mined. If you do, then you should consider PLG to be undervalued. I contend they will get between $300 and 700$ NPV per ounce mined depending on the price of platinum so I consider PLG to be very undervalued, or worth, based on simple basic math, about 10 to 20 times what it is valued in the stock market, assuming they meet with no major obstacles. I guess you can think of the big discount you see here, as being a huge amount risk assigned by the market against these future cash flows. As all the analysts have mentioned, and management as well, many of the risks actually work in our favor, and some of the fears are actually baseless. In my mind, with PLG's exceptional safety record and strong relationship with its workers and community, and with the fact that its motherload of Platinum (which has been acknowedged independently as the greatest discovery in the mining industry in 2012 (and probably since)), and with the very skilled, knowledgable (& experienced), conscientious, and financially savvy (did I leave anything out?) management, there are actually few if any threats to PLG's being able to execute their strategic plans. This discount will merely erode and eventually I believe there could be a premium assigned to the cash flows. So will PLG still be less than $10 in 5 years? Maybe, but I wouldn't put any money on it.
I realize my posts were confusing: Better to just google the following and you will see what I am looking at. Google : alfa laval dusseldorf ultra high speed filler
one of my posts was deleted: Here was the continued post (up to 6000 an hour) :
Astepo Aseptic Beer-in-box Filler
The new Alfa Laval Astepo Beer-in-box Filler for de-carbonized and de-alcoholized beer is an excellent, clean and user-friendly alternative to returnable stainless steel kegs. The filler can handle 25 liter bag-in-box for capacities of up to 240 bags/hour. Three different sizes for ultraclean or aseptic filling are available for capacities of 1,000, 4,000 and 6,000 l/hour.
Not for the faint of heart! Up 4% then 14% then in the last minute back to up 3.5%! But, participant, we seem to agree this was a base. I have more shares than I planned on accumulating at first, but I am not nervous at these levels. I am more hopeful this will turn out well for investors. I plan to sell some at about .45 and then hang in for a buck or higher.
Not sure if all of that is new, but 30 bags a minute is 1800 an hour which seems faster than I remembered. Maybe not but at the beginning of the release it said: At the Interpack exhibition in Düsseldorf, Germany, from May 8 to 14, Alfa Laval is launching the latest addition to its unique range of bag-in-box fillers. In the compact Astepo High Speed Low Acid bag-in-box filler (HS-LA) filling cycles are shortened by the use of electric servo motors controlling the aseptic filling head and bag feeder. Bags and fitment tooling can be changed quickly and easily and the machine can fill a wide range of bags and products using any commercial 1” spout type.
So it looks like they are introducing new and improved!