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Freeport-McMoRan Inc. Message Board

krishak5 13 posts  |  Last Activity: Jul 16, 2014 4:14 PM Member since: Jan 20, 2006
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  • Reply to

    Gold Explorers

    by cats_paw_kid Jul 16, 2014 1:14 PM
    krishak5 krishak5 Jul 16, 2014 4:14 PM Flag

    Why not post a link?

  • because no where does he mention the election this week in Indonesia. The opposition and the govt. are each trying to outdo each other in their hard line approach to NEM. The fact that Newmont's stock is getting a decent bid today shows that most investors do not share Zernov's ignorance of this issue. Everything will be settled amiably once the election is over.

  • Novo Resources Provides Update of Activities in the Pilbara, Western Australia

  • krishak5 krishak5 Jun 14, 2014 7:33 AM Flag

    Charles Sherwood begins his article with a lie. "With gold prices falling over the last week"...His article came out on July 12th, gold bottomed on June 4th and has risen every day since. Check the historical prices for GLD in this Yahoo Finance link, So June 4th - June 12th is more than a week. I repeat Sherwood lies, and Motley Fool is negligent in its editorial responsibility to have published his nonsense.

  • Reply to

    NIOBEC to be listed on a Stock Exchange?

    by sandiegoman99 Jun 11, 2014 1:05 PM
    krishak5 krishak5 Jun 11, 2014 1:43 PM Flag

    Thanks for posting this very interesting information. I have been trying to confirm what a recent poster here claimed - that Niobec alone is worth more than the present market cap of IAG ($1.45B as I post). I have called Bob Tait three times, most recently this morning and left messages asking about this. He has not returned my calls. The fact that they considered a separate listing for Niobec is certainly in keeping with the notion that Niobec and IAG have similar values at the present depressed stock price of IAG.

  • Reply to

    letter to BoD

    by poojing22 Apr 23, 2014 3:01 PM
    krishak5 krishak5 Jun 7, 2014 2:12 PM Flag

    Good letter, thanks for taking the initiative to send it to the BOD. I am the inventor of the product that FSI, (NanoChem), sells to the Ag market which is the largest source of the companies revenue. I also invented another product for the Ag market, (AuxiGro), which you can Google. Auxigro also increases crop yields and reduces the amounts of fertilizer plants need for growth. As I receive royalties from sales of both products it is easy to compare their market performance. Technically the FSI product consistently outperformed AuxiGro when I performed side by side comparisons, and not surprisingly royalties from FSI were much bigger than from AuxiGro, until last year.
    In Q1 2014 royalties from AuxiGro were almost 2 X that from FSI. My understanding is that the failure of FSI to realize the potential of their product is entirely a marketing issue. In contrast AuxiGro hired a consultant that is very familiar with the Ag market, and he was instrumental in marketing AuxiGro in combination with fertilizers so that value-added fertilizers could be sold for a premium price. I know this consultant personally as he served on the Scientific Advisory Board at the company where I invented both products. It is really ironic that this consultant could have been hired with some of the $'s that went to FSI's CEO. If that had happened 2 years ago, and based on what the consultant did for AuxiGro, by now the increased profitability at FSI could have justified the higher salary, and the stock price would probably be at new highs.
    Sorry it took me so long so read your post, I used to be a large shareholder but lost interest when I saw their failure to market the technology correctly. Based on what the technology can do the potential is HUGE, once FSI starts marketing it correctly.

  • Reply to

    how much is Niobec worth?

    by sandiegoman99 Jun 5, 2014 5:45 PM
    krishak5 krishak5 Jun 5, 2014 6:28 PM Flag

    This is THE ?, and one way to get a realistic answer is to figure out what the value of Niobec is compared to CBMM, the world's largest producer of Niobium. CBMM sold off 15% of itself to a Japanese and Korean steel consortium in March 2011 for $1.95B, and later the same year another 15% was sold to a Chinese consortium for $1.98B.The reserves and grade of Niobium at the two mines are compared below (data from IAG web pg.)
    CBMM Niobec
    Reserves(t) 800,000 419,208
    Grade 2.5% 0.42%

    30% of CBMM was worth $3.93B in 2011. What % of CBMM is Niobec worth?

  • Reply to

    Read article by the Street!

    by zlparadox Jun 4, 2014 8:35 AM
    krishak5 krishak5 Jun 4, 2014 8:51 AM Flag

    Well if you had followed his guidance on IAG you would be feeling much better now.

  • IAMGOLD +11% even as company says no news pending
    Jun 3 2014, 15:39 ET

    IAMGOLD (IAG +11.2%) shares popped 15% higher an hour or so ago, apparently based on rumors regarding a Niobec project sale; IAG has held much of the gains even after the company said it had no news pending and its did not know why shares rose.
    IAG's Niobec mine is North America's only source of pyrochlore, the primary niobium ore and one of only three major producers of niobium in the world.

  • "Niobium production of 1.3 million kilograms and a niobium operating margin of $20 per kilogram."

  • September, 2011

    CBMM announced the sale of another 15% stake for US$1.98B to a Chinese consortium comprising of China's CITIC Bank and a group of steelmakers - Baosteel Group Corp., Shougang Corp., Anshon Iron &
    Steel Group Corp. and Taiyuan Iron & Steel Group Co.

  • Reply to

    Sale of Niobec

    by uklb51 Apr 21, 2014 4:02 PM
    krishak5 krishak5 Jun 3, 2014 7:52 PM Flag

    Thanks for posting the most rational explanation for today's surge.

  • Reply to

    guys and gals at gamco

    by mwalk65 May 15, 2014 3:19 PM
    krishak5 krishak5 May 15, 2014 6:43 PM Flag

    You should check out CEFL, it is run by UBS and pays almost 2 X GGN's payout on a monthly basis. CEFL's # 1 holding is GGN.

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