Orion Marine Group, Inc Message Board

This is going much higher. The industry is heating up again. We have all seen the big moves before.

Sentiment: Strong Buy

We must be on the same page . This week I bought URC TGB SVM and TC last week before the run up.................. I was looking for the sectors that got hit the worst.

Nice call! when he's done with your sand box he can trim my bushes.

Operational: May 2013-
Molybdenum production increased 74% to 7.7 million pounds, from 4.4 million pounds
Average cash costs of molybdenum produced decreased 54% to $5.91 per pound, compared to $12.95 per pound
Total sales of molybdenum increased 18.5% to 8.8 million pounds, compared to 7.4 million pounds
Financial:
Operating income was $17.0 million, a $33.5 million improvement from an operating loss of $16.5 million in the prior year, despite lower revenue
Consolidated revenue was $108.7 million, compared to $113.6 million
Cash flow from operations was $15.3 million, compared to $3.1 million
Net income totaled $0.9 million, or nil per diluted share, compared to $1.1 million, or $0.01 per diluted share
Mt. Milligan:
Another safety milestone was reached at Mt. Milligan with approximately 4.0 million work hours without a lost time incident
Advanced construction progress at Mt. Milligan to overall completion of approximately 89%
Maintained construction schedule with anticipated commissioning and start-up in August of 2013
Approximately 95% of capital expenditures spent or contractually committed since inception of the Mt. Milligan project
Kevin Loughrey, the Company's Chairman and Chief Executive Officer, stated, "We are pleased to report continued improvement of operational performance at both our Thompson Creek and Endako Mines, compared to the fourth quarter of 2012. We achieved lower cash costs per pound produced and increased sales compared to the fourth quarter of 2012. Metallurgical recovery at our Endako Mine has also continued to improve. The Company's first quarter operational performance was significantly improved from a year earlier, with increased production and sales, and significantly decreased costs. We are also pleased to report that construction of the Mt. Milligan Mine remains on schedule. We currently anticipate commissioning and start-up in August of 2013, and commercial production of copper and gold in the fourth quarter of 2013."
At the Thompson Creek Mine, molybdenum production for the first quarter of 2013 was 5.9 million pounds at a cash cost of $4.18 per pound produced, compared to 3.4 million pounds at a cash cost of $10.34 per pound produced for the first quarter of 2012. These improvements were primarily the result of the planned mine pit sequencing and mining in a higher grade section of the mine during the first quarter of 2013 compared to the first quarter of 2012, together with the suspension of waste stripping activity associated with the next phase of production, which began in October of 2012.
At the Endako Mine, the Company's 75% share of molybdenum production for the first quarter of 2013 was 1.8 million pounds at a cash cost of $11.75 per pound produced, compared to 1.0 million pounds at a cash cost of $21.87 per pound produced for the first quarter of 2012. These improvements were primarily the result of the suspension of waste stripping activities and processing of stockpiled ore beginning in the third quarter of 2012, together with lower production in the first quarter of 2012 related to the start-up of the new mill. Although production from the Endako Mine was significantly improved in the first quarter of 2013 from a year ago, production was negatively impacted due to the previously disclosed winter tailings pond management issues. The Company has completed initial remediation work and instituted tailings management procedures to address these issues to ensure sufficient water supply to the mill for future winter seasons beyond 2013.
Sales of molybdenum for the first quarter of 2013 were 8.8 million pounds, at an average realized sales price of $11.87 per pound, compared to 7.4 million pounds, at an average realized sales price of $14.74 per pound for the first quarter of 2012.
"We remain focused on completing and successfully starting up Mt. Milligan, continuing the operational improvements at Endako, maximizing the value of the Thompson Creek Mine during this time of continued weakness in the molybdenum market, and meeting our previously announced production and
Insiders buys- 12/21/2012 Wendy Cassity VP, GC and Secretary 1,250 $3.74 $4,675.00 02/26/2013 Mark Arthur Wilson Executive VP and CCO 3,000 $3.22 $9,660.00 03/03/2013 Mark Arthur Wilson Executive VP and CCO 1,900 $3.29 $6,251.00 Thompson Creek Metals Co., Inc. (NYSE: TC), which makes up 4.86% of the Rare Earth/Strategic Metals ETF has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data.
Thompson Creek Metals is a molybdenum mining company that is in the process of diversifying by developing a copper and gold mine called Mount Milligan in British Columbia, Canada.
Optimistic Scenario For Mount Milligan
This scenario reflects gold and copper prices rising to the most bullish forecast levels from analysts mentioned in this article. Bank of America forecasts gold to average $1,838 per ounce in 2014, while ABN Amro forecasts copper to average $8,300 per tonne ($3.7648 per pound) in 2014.
Thompson Creek is currently undervalued if you believe that copper and gold prices will remain at current levels, while molybdenum prices make a slight recovery. In
Creek could be worth as much as $9.72 per share. Copper prices are the most important factor in Thompson Creek's future value, so the future prospects for copper prices should be a key consideration for an investment in Thompson Creek.
The wildcard for Thompson Creek will be copper production, as Mt. Milligan has an estimated 2.1 billion pounds of the metal. Industry giant Freeport-McMoRan (NYSE: FCX ) has said it expects to double sales of copper to China despite its economic slowdown, and recent events could restrict supplies enough to support copper prices. That would be good news for Mt. Milligan's prospects, especially if a recovery starts to take hold in the global economy.
Downside limited-trading at $3.50. This share price is way below its book value of $8.30. Could this suggest that the downside is limited? Thompson Creek Metals in particular has greatly improved its operational structure. Nonetheless, the throw away prices that characterize the market forced the company to involuntarily hoard molybdenum.
Molybdenum, which contributes close to 80 percent of Thompson Creek's U.S. revenue, has a wide range of industrial applications. Given Molybdenum's varying industrial applications, it comes as a surprise that Thompson Creek's sales figures reduced over the past six months despite the uptrend in industrial valuations.

The sector's underperformance was attributable to forces of demand and supply. Considering that most stocks are currently trading below their book value, many in the same boat.

. NEW Development- Mt. Milligan on Schedule
• Start up expected Q3 2013
• Commercial production
expected Q4 2013
• Overall project completion
is estimated to be at 89%
• Current total capital expenditure
estimate is approx. C$1.5 billion
• Remaining capital expenditure
as of March 31, 2013 is approx.
C$240 million Copper-gold deposit
• Conventional truck-shovel open-pit mine
• Small footprint - approximately 4 km x 3 km
• Expected mill capacity of 60,000 tons per day
• Approximately 400 full-time jobs once mine is operational Copper-gold deposit
• Conventional truck-shovel open-pit mine
• Small footprint - approximately 4 km x 3 km
• Expected mill capacity of 60,000 tons per day
• Approximately 400 full-time jobs once mine is operational
Truck shop, warehouse and administrative buildings at Mt. Milligan, British Columbia
240-ton haul truck at Mt. billion Milligan, British
Cu Production2 81 million pounds per year (average LOM)
89 million pounds per year (years 1-6)
Au Production2 194,000 ounces per year (average LOM)
262,000 ounces per year (years 1-6)
Proven and Probable Mineral Reserve2
• 2.1 billion pounds Cu Average grade of 0.20%
• 6.0 million ounces Au Average grade of 0.011 oz/t
Measured and Indicated Mineral Resources2
• 716 million pounds Cu Average grade of 0.15%
• 1.5 million ounces Au Average grade of 0.006 oz/t • Diversified portfolio of assets, including molybdenum, copper,
gold and silver
• Significant cash flow increase projected Q4 2013 with
commencement of copper and gold production at Mt. Milligan
• Low geo-political risk with all assets located in North America
• Longer-term development projects present organic growth
opportunities Langeloth Metallurgical Facility
The Langeloth Metallurgical Facility, located 25 miles west of Pittsburgh,
Pennsylvania, is a world-class facility with a long history of producing
high-quality metallurgical products used mainly in the steel and chemical
industries. Endako Mine
The Endako mine is an open pit primary molybdenum mine located
188 miles west of Prince George, British Columbia, and has been in
operation since 1965. Berg Property
The Berg property is a copper-molybdenum-silver deposit with significant
resources located in west-central British Columbia.
Davidson Property
The Davidson property is a high-grade molybdenum deposit located Outlook- Molybdenum is truly a “wonder metal.” It is used for making steel
strong and corrosion resistant and is required wherever steel faces
tough, challenging conditions, such as offshore drilling rigs, power
plants, ships, turbine engines, tools, hospital equipment and desalination
plants. It plays an important role in environmental protection,
since it is included in nuclear reactors and oil and gas pipelines
to prevent leaks and as a catalyst in oil refining to reduce sulfur in
fuels. Molybdenum is also valued as a specialty high-performance
lubricant and is a component in flame retardants, fertilizers and
even vitamin supplements.

I just doubled down

Mt. Milligan on Schedule
• Start up expected Q3 2013
• Commercial production
expected Q4 2013
• Overall project completion
is estimated to be at 89%
• Current total capital expenditure
estimate is approx. C$1.5 billion
• Remaining capital expenditure
as of March 31, 2013 is approx.
C$240 million ((((( Significant cash flow Expected))))

better check up you @!#$%67 for your last thought//////// Unless you think Ebay don't understand sale and buying into a different geographical region. the companies bring together different areas of the Asian communities.

Hey Goofy ! Every thing you use came to you by a truck. The genius must get out of the cardboard box once in a while. The economy will pick up as YRWC is moving up also. I remember when they said RAILROADS were dead also, You cant stop Commerce and sales.

I am a sucker also........ I think it will go much higher. It looks bad today though. A year from now this will be a good buy