Click "View Shoutbox" to join other discussions about Premium Exploration.
Rising Demand Lifts Ferrochrome Prices - aka chromite
BY: wind - July 21st, 2008 - 2:21 PM
+47-1
BY: twintowers - July 20th, 2008 - 7:00 AM
+551-56 
Re: PEM Chrome Mountain Gold equiv
"If you compare these gold equvalent grades to any other company, you won't find even a close second."
Correct. And I was light by .6 on the second set of results. But whatever, this is looking good. Nobody that is even remotely connected with the company told me a major has asked permission to tag along when the drills start turning. Something to be said about having a trapline that includes the 'babe brigade' of the mining biz. I know no other details at this point in time.
BY: twintowers - July 20th, 2008 - 6:54 AM
+551-56
Re: Rising Demand Lifts Ferrochrome Prices - aka chromite
Far too early to tell. But I think it could be substantial. Please note:
"All 10 holes drilled in the 2007 drill program on Chrome Mountain started and terminated in mineralized PGM bearing material..."
This isn't surface scratchings - this is the real thing. Although it is far too early to tell, and sounds highly promotional....can you spell mother-lode?
BY: basket9 - July 19th, 2008 - 9:33 PM
+102-7
Re: Rising Demand Lifts Ferrochrome Prices - aka chromite
those grades are phenomenal , but in respect to tonnage - how much are we going for??
BY: Whenindoubt - July 19th, 2008 - 11:58 AM
+181-59
Re: PEM Chrome Mountain Gold equiv
It sure seems that way. If you compare these gold equvalent grades to any other company, you won't find even a close second.
BY: twintowers - July 18th, 2008 - 2:03 PM
+551-56
Re: PEM Chrome Mountain Gold equiv
"TT thanks for putting it into a gold equiv. I think we can all understand the significance now."
And please understand that I had this sorted by adding in the PGM's, Nickel and Copper....and left out the Rh values. With them included the numbers are really quite a bit higher. My idea is to hold off on them until we get further results. But as it stands, MONTANA is (for PEM) a treasure chest of wealth.
BY: twintowers - July 18th, 2008 - 1:55 PM
+551-56
Re: Rising Demand Lifts Ferrochrome Prices - aka chromite
Gold IS most certianly heading to $1500, per ozee...and that's fine by me. And I'm sure that one day soon the juniors will catch up and once again become popular with the average investor.
BY: Whenindoubt - July 18th, 2008 - 1:00 PM
+181-59
Re: Rising Demand Lifts Ferrochrome Prices - aka chromite
We certainly have it made in the shade;)
Gold is heading to 1500.
BY: Whenindoubt - July 18th, 2008 - 12:58 PM
+181-59
Re: PEM Chrome Mountain Gold equiv
TT thanks for putting it into a gold equiv. I think we can all understand the significance now.
BY: twintowers - July 18th, 2008 - 12:29 PM
+551-56
Re: Rising Demand Lifts Ferrochrome Prices - aka chromite
"I didnt know that... thats a huge point!"
Oh yea. Rhodium and Chromite are HUGE. And as it works out, the heavy supplies in both metals are in dodgy countries. You want to sit on a gold mine, fine. Be a piker. I'd rather be sitting on either a Rhodium mine or a whole mountain of Chromite. But hey, that's okay...maybe this winter when our favorite metal mountain is covered in snow, you might move over a foot and let me sit on a PEM Mexican gold mine. Not a bad consolation prize.
And some consolatio prize! As I hear again that all the newsies will be banding together and hyping up Mexico. So with that in mind...and if you don't mind promo-plays, expect the fall and winter months to be 'all about Mexico'. I have a feeling that the price of gold is going to cooperate, so from my point of view, we have it made in the shade with PEM - and it really is time to back up the truck.
Your Membership Includes...
Expand Your Network
Add brokers, experienced investors, financial planners and novice investors to your personal network.
Shoutbox
Pinnacle Digest is committed to providing every member of our site with a voice in our global investor community.
Investment Opportunities
As a member of Pinnacle Digest, you can expect 4-6 investment opportunities annually.
Exclusive Market Reports
Our reports evaluate the market while providing an edge on industry trends.Register
What are You Waiting for?
InvestorSentiment
What's your opinion on Premium Exploration?
0.0%|0.0%|0.0%
0 total votes
(votes update every 20 minutes)
You must Login or Register to vote.
RecentShoutbox
InvestorSentiment
Most Rated Stocks in the Community
- Winning Brands Corp.33.3%66.7%
- Bionic Products Inc.100.0%
- Mosquito Cons. Gold Mines100.0%
- Southern Arc Minerals Inc.100.0%
- Buzz Technologies Inc. 100.0%
- AccessKey IP Inc.100.0%
Visit your favorite company hub to submit your rating.
i didn't even know what chrome or ferrochrome was till i got in this deal... starting to see the world waking up to the value increase. TT - hopefully you're right about seeing those chromite results...
JOHANNESBURG (Business Day) -- Benchmark ferrochrome prices negotiated for the September quarter have risen 6.8% to $2.05/lb compared with the June quarter, Merafe Resources [JSE:MRF] said yesterday.
Ferrochrome contract prices more than doubled in the past year on continuing growth in demand from the steel industry and restricted supply. South Africa has 72% of the world’s chromite ore reserves and 43.7% of chromite ore output, according to a presentation two weeks ago by
London-listed International Ferro Metals )IFM)
Chromite ore is exported in raw form or processed into ferrochrome. Ferrochrome provides hardness to stainless steel, and its price reflects changes in steel demand as well as supply issues. South Africa is the world’s second-cheapest ferrochrome producer after Kazakhstan, says IFM
http://www.resourceinvestor.com/pebble.asp?relid=44033