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prescient11

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  • Molycorp Looks Too Good to Pass Up [View article]
    David,

    Don't worry about the commenters. MCP will be triple digits in 6 months.

    bank on that, imho.
    Jun 14 02:14 AM | Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    You misconstrue. My anger is directed against someone who comes on, manufactures "concerns" but yet cannot put 2 and 2 together in this space.

    You want to call a company "toast" you better have the arguments to back it up.

    The rest is just noise as is your posting. I don't dislike NTU, I nothing NTU.

    Here endeth the lesson.
    Jun 14 02:07 AM | 3 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    And last point and I will stop dissecting your drivel:

    "Your reasoning is subjective" - really, how so, what do you mean, etc., etc. And your comments are ridiculous

    "not fact based enough" - how so? I have provided a long, detailed list of FACT BASED comments and you provide nothing.

    "and Canadian centric." -- well, QRM is in Canada, but I have also addressed LYC and other Aussie near-term producers (of which NTU is not one).

    "I personally do not like company's too dependent on government, but that is a matter of choice." -- i'm sorry? what in the hell are you talking about. I am stating that the government is very very mining/permit friendly. if you don't like that then I can't help you. And I don't think a 5% investment is too "government dependent" but good luck with your thoughts on that front. you must hate Arafura too. Anyone who thinks that it is a bad idea to have the jurisdiction solidly in your corner is a baffoon.

    "I think private capital shows greater confidence in a junior story." I could not agree more. Perhaps you missed my clearly articulated comment - QRM has 70MM shares fully diluted. It raised from PRIVATE CAPITAL almost $60MM, and this PP was THREE TIMES OVERSUBSCRIBED.

    Class dismissed junior. good luck with NTU, but if you want to trash QRM, you should step up to the plate with more than your goofy concerns and below rudimentary knowledge of this space.
    Jun 14 01:30 AM | 4 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    And again, you have no idea what you are talking about. You state:

    "I still say Quest has a low TREO and over 50% light rare earth and a four year minimum timeline on an unfunded and yet to begin project. Light rare earth prices will drop by the time Quest gets near production based on on-coming monazite and bastesite mines."

    This is evidence enough that you do not know what you are talking about. Over 70% of QRM's value comes from the heavies, which have no real differentiation between domestic and FOB prices.

    If QRM can't make it based on its suite of REEs, no other company can. Take that to the bank and smoke it.

    In the meantime, I would suggest you get educated rather than spew ignorant nonsense on comment boards.
    Jun 14 01:25 AM | 3 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    That I believe is where they are going, dependent on what happens with Plan Nord. But yeah, they have shelved the slurrey pipeline but management has indicated the cost differential appears to be a wash, i.e., going through Labrador.
    Jun 13 11:39 PM | Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    QRM strengths/weaknesses:

    Cons:

    1) It is relatively remote, arctic location;
    2) Environmental studies/local population agreements are necessary; and
    3) Metallurgy is not yet finalized, pilot plant studies are ongoing.

    Pros:

    1) Located in Quebec, #1 mining friendly jurisdiction in the world;
    2) Quebec is kicking back millions! to the treasury in tax rebates (almost NTU's treasury);
    3) Financed through the end of 2012, minimum, with more than $30-40MM in treasury AFTER finalizing the PFS - this will probably be an equivalent to a BFS;
    4) Again, Quebec is almost a 5% investor in the company through SIDEX -- talk about government support! One of the biggest factors around, imho;
    5) Have established a fairly high grade resource supporting at least a 65 year mine life, but surely meeting the 25 year mine life in the PEA;
    6) Have released a blockbuster PEA, showing huge capital contingencies (25%), and still a very very very positive scenario/NPV at crazy low REE prices;
    7) Very low operating costs - even when you account for a $200-250MM separation facility (on top of the capital costs outlined in the PEA) and when you double the operating costs to account for a separation phase - the value is tremendous (many times over current share price);
    8) Metallurgy and mineralogical tests continuing under Hazen do not require a costly flotation phase and are optimizing the flow chart and grind size. Although the ores are relatively diverse, they are monotonous throughout the deposit, meaning you can just grind up everything and recoveries appear to be relatively consistent. That is HUGE for a REE deposit.
    9) By 1Q 2012, we should know whether they have conquered any remaining metallurgical issues;
    10) Oh, and did I mention that Quebec is undergoing its Plan Nord project, which is $80 BILLION dollars of infrastructure for the north, think they're going to run a road up to SIDEX's biggest investment in its history??;
    11) Every major analyst in this space are behind QRM and in a big way;
    12) They are trading on the AMEX - this opens up to short attacks, but, when the tide turns, the potential for liquidity/volume explosion will weigh heavily in Quest's favor I think;
    13) All in all, a very advanced deposit. Plus, they continue to drill on their Misery Lake property, right nearby with encouraging results and are further expanding the resource with their JV with SMY, at another nearby location to Strange Lake;
    14) It is one of the biggest deposits in the world with such a high % of the HREEs, there truly is no comparable, AVL is not a close second and their metallurgy is very expensive to try and get good HREE recoveries;
    15) Very successful capital raising, they just raised $60MM at prices of $4.25/share and warrants at $5+. Yet, this financing was THREE times oversubscribed (should not be too hard to hit the $560 CAPEX amount - even including an addition $250MM for the separation facility (which sends the PEA into the stratosphere);
    16) Tight share structure, very advanced project compared to what's out there, 70MM shares fully diluted held fairly closely; and
    17) Top notch management and exploration team, very connected with the canuck political machine up their in Quebec - hence the huge SIDEX investment, the biggest investment in SIDEX'S history.

    Any questions?
    Jun 13 10:50 PM | 3 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    Chihawk,

    Having calmed down after responding to your insulting comments, I will calmly and cooly address your "posts". It has been a painful 6 weeks, and I do not take lightly to someone coming on an article about QRM saying it is going down or "toast". Especially since it is obvious that you have no clue what you are talking about.

    Here are some points you should consider about NTU:

    1) They are at the rock chip phase. Are you serious, you do not have any drill results? And 16 samples!!! I can get some rock chips in my back yard for you if you would like, they could have some rare earths too.

    2) 5 RC holes are due in 2Q of this year. 5??? Again, are you serious?? Do you know how many holes are required for a real 43-101 inferred resource. Perhaps the JORC is a bit more lenient. But that is a joke.

    3) Roughly $7MM in the treasury. Do you have any idea how quickly that is going to burn? How are they going to get financing? Issue 100MM more shares?

    4) 210MM shares fully diluted, from what I can tell. That's a lot.

    5) You're down 27-31% from your recent highs, stellar market performance.

    6) Xenotime is a good ore, for sure. But the fact that xenotime is present says NOTHING about what you will encounter at depth. Also, is it radioactive as xenotime goes from slightly radioactive to highly.

    7) Before you spew this nonsense on message boards, I would suggest you actually do your due diligence and research. I have done so incessantly for the past two years.

    8) Metallurgy is the biggest issue. You think you have a pure xenotime deposit, eh? I have never seen one of those before, EVER. Having a defined, scaled up process with defined recovery percentages, is the key to this game.

    9) AVL also has xenotime in its deposit and is having tough problems with its scaled up metallurgy. Guess what, so does LYC and ALK and ARU I believe. They have been working out the metallurgy for 10 YEARS.

    10) 50% TREO in the ore (from rock chip samples of course). If you really believe you're going to find that at depth, then I've got a bridge to sell you. Same goes for the 80% HREE content. Of which 65% is Y, but it does have good dysprosium, I'll give you that.

    11) Which leads me to my final point, in addition to all of the above unknowns, you are putting forward NTU as a near term solution, eh? Strange, Dudley Kingsnorth does not put them in the running in the 2015/2016 race (despite being on NTU's board).

    By the time your boys figure out how to drill more than 5 holes per quarter and burn through the never ending share treadmill dilution, the "capital" you so desperately talk about will already be distributed to the more advanced projects.

    But good luck with NTU. However, you can shove your comments with regard to QRM and, in the next post, I will tell you all that I see positive with QRM, as well as acknowledging the several challenges the deposit will face.
    Jun 13 10:32 PM | 3 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    Well, I for one want to be able to defend my position when I am telling someone that they are going to ride QRM "all the way down".

    Too bad you can't come up with any answers. Yet I can address every one of your "concerns" regarding QRM. Which leads me to believe you are full of it.

    So you can shove your NTU position. Cheers.
    Jun 13 09:21 PM | 3 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    Here are the questions that remain unanswered:

    What is NTU's alleged TREO?

    Is that figure based on historical drill results?

    How big is that deposit? (i.e., x% of TREO for x number of tonnes?)

    When is a 43-101 report ready to go? Or a JORGC?

    What is the jurisdictional ranking (i.e. how mining friendly) is NTU's mine site?

    Same question for the refining site?

    How many shares fully diluted?

    You say historicals are at 80% HREE, well exactly what kind of HREE is that? Yttrium, dysprosium, terbium, europium, give me percentage breakdowns per element?

    What kind of ore is this bound up in?

    Is the ore, assuming there are different kinds, monotonous, or does it vary percentage wise?

    Has any metallurgy been done?

    If so, who did it and what were the results, methods, % recoveries, grind size, acid requirements, etc.?

    What kind of financing does NTU have or has done?

    Who is NTU's management team?

    What positions do they have in the company?

    Any strategic investors - I seem to recall a Chinese investment or something a while back?

    What is the monthly cash burn rate for NTU and how much $$ do they currently have?

    What kind of infrastructure is NTU near too?

    What kind of infrastructure will NTU have to build?

    Answers to these questions would be much appreciated.
    Jun 13 05:08 PM | 3 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    Good luck to you as well. Admittedly, I do not do in depth research on Aussie stocks, but that is because I do not wish to rely on power point presentations that have no teeth if they are found to be misleading or flat-out lies.

    What do you mean "historicals"? When is the last time some drills were turning there? How is NTU's metallurgy? Whom did they commission to run the tests? how's the uranium mining issue? it is awfully bold to be touting a company that does not even have current damn drill results back yet.

    And I am curious about funding challenges you speak of. Especially considering that Quest just raised $60MM and that was three times oversubscribed, eh? How much "capital costs" do you think it will take? I would guesstimate $700-800MM, and that includes a separation facility specifically geared to QRM's suite of REEs.

    Where is NTU's PEA, scoping study or even a power point with the regular guess down under as to what everything will cost?

    Not sure what you mean "dramatically underperformed the market"?? compare it to other REE companies, looks to be fairly similar across the board, although NTU has held up well. again, your comments are pretty goofy for several reasons, do you not recognize that pretty much every REE company has been killed lately?

    After QRM's pre-feas (which essentially will be a BFS assuming metallurgical studies hold up), they will have roughly $35-40MM, and more if all warrants are exercised. You hold on to NTU, I'll hold on to quest. Mark this post, and come see me in 6 months. best of luck.
    Jun 13 04:48 PM | 4 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    My response is simple. Low TREO??? As compared to whom? 1.62% TREO in the high grade pegmatic spine.

    50% LREEs?? talk about a glass half full comment. Can you name ANY DEPOSIT that has 50% HREEs.

    The answer is no, and no deposit even comes close to the size of QRM. You should truly look at QRM's value in terms of what rare earths make up the deposit, and then you will see that the difference between FOB and domestic spot Chinese prices means the least to Quest out of every REE company I have studied.

    burnt toast, eh? we shall see. every damn company in this space has been slaughtered.

    MPC is toast? LYC is toast? UCU is toast? AVL is toast? REE is toast? etc., etc., etc.

    Your post is so confusing I just don't know where to start.
    Jun 13 03:05 PM | 4 Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    Tell me you're joking???
    Jun 7 10:14 PM | 2 Likes Like |Link to Comment
  • Molycorp Looks Too Good to Pass Up [View article]
    Dear Jack,

    I would humbly suggest you ask that you look as hard at GWG as you do at MCP and then your thoughts would seem balanced.
    May 26 08:43 PM | Likes Like |Link to Comment
  • Quest Rare Minerals Best in Breed Among Junior Rare Earth Miners [View article]
    Other thing that should be accounted for is the metallurgy success Quest appears to be having.

    That's a big deal. Plus the Plan Nord deal. QRM has tremendous upside, imho.
    May 26 08:36 PM | 2 Likes Like |Link to Comment
  • Rare Earths: Has the Thesis Changed? [View article]
    So the Chinese are now going to "export rare earths at a level to maximize profits?"

    Is this while they are STARTING to build a strategic stockpile and strictly limiting output.

    Come on guys.
    May 25 10:23 AM | 1 Like Like |Link to Comment
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