Bns Telecom Share Discussion Threads

[yikyak] 17/7/2008 21:13

Premium Exploration, Inc. Confirms Rhodium as 9% of Platinum Values at Chrome Mountain in Stillwater Complex
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2008) - Premium Exploration, Inc. (TSX VENTURE:PEM) ( is pleased to announce results on the resubmitted Rhodium assays from the 2007 drill program at the Platinum Group Metals (PGM) Chrome Mountain Project, in the Stillwater Complex, Montana, USA. The project location is within 1,500m of the richest PGM deposit in the world, currently mined by the Stillwater Mining Co.

Due to the complexity of assaying for PGM in core with Chromite, Premium's joint venture partner, Beartooth Platinum Corp. ("the operator", currently earning a 50% interest in Chrome Mountain), chose to resubmit the PGM core from the 2007 drill program. The samples were sent to Genalysis Laboratory Services Pty, the specialty lab with expertise in the assaying of PGM's used by the major companies in South Africa.

[richoneday] 13/3/2008 13:45

Because the results may not be very good........and because the CEo owns 70% of the stock so there is not much liquidity.

Just a thought

[rebess] 13/3/2008 10:25

How can this share collapse by such a colossal amount when there are no shares traded?

[yikyak] 11/3/2008 11:55

Oh dear, back from whence we came. :-(

[smilewithme] 05/3/2008 15:34

Good to see Franconia mentioned in Toronto Financial Post.

"This is a signal to go and find more of this stuff because we'll need it down the line," said Brian Gavin, chief executive of platinum explorer Franconia Minerals Corp.

A number of exploration plays like Franconia and Marathon PGM Corp. are pushing projects in North America towards production, but there are no primary platinum mines on the continent, Mr. Jones said



Platinum, Palladium Are Hot

Both Are Up 50%; Play crucial role in the auto industry

Peter Koven, Financial Post Published: Wednesday, March 05, 2008

While gold and base metals get most of the attention, platinum and palladium have emerged as a hot topic at this year's PDAC conference as the industry digests massive price increases with the possibility of even more on the horizon.
The two precious metals have been on a tear all year, with prices up about 50% for each, including a record high for platinum yesterday of US$2,277.50 an ounce. Those gains accelerated in the last week amid blackouts and a worsening power crisis in South Africa, which is responsible for nearly 80% of the world's platinum and more than 30% of its palladium.

The sudden leap in prices serves as a stark reminder of the tightness of many metal markets -- and how much the world relies on a small number of sources for many of the secondary metals.

"This is a signal to go and find more of this stuff because we'll need it down the line," said Brian Gavin, chief executive of platinum explorer Franconia Minerals Corp.

The markets for platinum group metals (or PGMs) are very small, with annual consumption of both platinum and palladium below 10 million ounces. But they play a crucial role in the auto industry because of their use in catalytic converters to cut down on emissions. As a result, they are benefiting from the growth in emerging markets as more and more Chinese and Indians buy cars, and automakers take steps to reduce emissions.

At the same time, they are still precious metals and, like gold, have seen their prices rise on increased demand from jewellery manufacturers and investors looking for an alternative asset class.

Exchange-traded funds have continued to be aggressive buyers at elevated prices. And jewellery demand has been surprisingly resilient despite those increases.
"You really have to wonder whether platinum jewellery has reached the 'Gucci Bag' effect where the more they charge for it, the more people like it," said Mike Jones, chief executive of Platinum Group Metals Ltd., which operates in South Africa.

He has seen the power crunch in South Africa firsthand. Escom, the beleaguered state utility, is forcing producers to cut usage to 90% of prior levels, which can have a disproportionately large effect on production. The big three producers (Anglo Platinum Ltd., Impala Platinum and Lonmin PLC) are all working in very close proximity and the market is worried about their ability to maintain supply.
"There's no commodity like platinum in terms of geographic focus," Mr. Jones said.
And there may not be any relief in sight. In a well-attended talk on platinum and palladium on the conference's first day, HSBC Securities analyst Victor Flores said his models suggested that while palladium is likely to be in surplus at the end of the year, platinum could be in a deficit.
The palladium situation is thought to be not as bad because of higher inventories and less geographic concentration, but auto and ETF demand for both are big wild cards.

"We believe the behaviour of two very different end users -- investors and auto companies -- will drive PGM prices this year. Negative elasticity of demand, due respectively to speculative demand and supply concerns, could lead to further price spikes," he said.

The sudden interest in platinum and palladium also highlights how few companies are focused on those metals. After the "Big Three" South African producers and Russia's Norilsk Nickel, there is a big drop-off before you get to companies like North American Palladium Ltd., which supplies about 5% of the global palladium market.

A number of exploration plays like Franconia and Marathon PGM Corp. are pushing projects in North America towards production, but there are no primary platinum mines on the continent, Mr. Jones said.

[pecker1] 04/3/2008 18:02

Red,

Did you hear any of it? I'd like to know if they intend to assay some of the samples for base metals.

DDave,

I wouldn't write it off yet. I'm going to hang in until they drill this season - should be 3 times as many holes if they get their act together. With Aberdeen in the wings (Stan Bharti's new vehicle set up to finance small juniors) funding should not be a problem.

[red ninja] 03/3/2008 19:55

Beartooth Platinum Hosting Investor Conference Call
TORONTO, ONTARIO--(Marketwire - March 3, 2008) - Beartooth Platinum Corporation ("Beartooth" ,"the Company")(TSX VENTURE:BTP) will be hosting an investor conference call on Tuesday March 4th 2008 at 10:00 am to discuss Beartooth's recent press release regarding favourable results from the 2007 field season on its Stillwater PGE property.

Speakers will be Mr. Michael Johnson, CEO; Dr. Jon Findlay, Chief Geologist; Dr. Reid Keays, Consultant; Mr. Stan Bharti, Chairman

[doobydave] 29/2/2008 19:06

You can count me among the folk who don't quite know what to make of it.

I take the point that the intercept widths are enormous but grades are self-evidently weak. Mining this lot would involve moving huge amounts of rockand mining would have to be underground - you couldn't just heap leach it like a low-grade gold deposit, even if that were an applicable processing methology.

Happy to be corrected, but I suspect this isn't mineable, although useful info towards helping understand the local geology better. Any well-educated souls know better?

[mattybuoy] 29/2/2008 18:39

What I just love about the TSX is the volume. 5m shares in 8 minutes. That would just never happen here, especially with a smelly mining stock.

[red ninja] 29/2/2008 18:34

I wonder how high we can go ....

[mattybuoy] 29/2/2008 18:32

Well my 15 min delayed quote says it re-opened around 18c. Traded 3.5m shares in about 3 minutes ... Just like AIM really ;)

[pecker1] 29/2/2008 18:12

I'm encouraged too by the sheer amount of rock with PGM mineralisation. They have so far only drilled a small fraction of the target area so there may be pockets of much higher grade PGMs to discover.

Would also be interesting to know in which holes and at what depths the Rhodium was found.

p.s. The JV partner, PEM, shares were not suspended and so far the response has been underwhelming. My guess would be because people are finding it difficult to work out what the results could be telling us.

[red ninja] 29/2/2008 18:10

No you're right its only 10 somthing Canadian time so maybe we will see a boom later .... hopefully

[red ninja] 29/2/2008 18:07

Mattybouy on the TSX for BTP it says that trading resumed at 13:16 if I remember correctly.

Yes I use the figure of 0.5, but the average is 0.66 g/t of Pt+Pd+Au with a rich 0.55 metre reef at a figure in the 20's g/t

The 0.5 g/t of Rhodium could make it potential very rich, but is that thoughout the deposit ?

Anyway it seems to me we are several season from a mine and the market
ain't booming .. maybe it will reflect and then boom....

[mattybuoy] 29/2/2008 17:52

BTW, the grade is not a simple 0.5 g/t. If you look most of the holes are more than that. One has 116m at > 1 g/t.

I think overall it's a pretty good result. Not perhaps what people were expecting or wanting though. We will see what's what at 6.15 when it re-opens.

[mattybuoy] 29/2/2008 17:44

The market is still halted ...

[red ninja] 29/2/2008 17:41

Well looks like there is a vast volume or rock with 0.5g/t Pt+Pd+Au.

Looks like there is also Bushveld type reefs of high grade deposits.

Plus looks like rhodium too which if it is 0.5g/t could make this a
very rich deposit.

Still the market doesn't quite know what to make of it and it looks
like further seasons will be needed before we know if we have a mine.

[mattybuoy] 29/2/2008 16:13

Here you go.

[mattybuoy] 29/2/2008 16:05

I don't think they'd halt for bad news. It's not like the stock has been ascending the heights in anticipation ...

[yikyak] 29/2/2008 15:49

I think i'm ganna puke........................far far to many of these and not keen on that dip before the halt.

News from Canada NewsWire


Market Regulation Services - Trading Halt - Beartooth Platinum Corp. - BTP
10:33 EST Friday, February 29, 2008



VANCOUVER, Feb. 29 /CNW/ - The following issues have been halted by Market Regulation Services (RS):


Issuer Name: Beartooth Platinum Corp.

TSX-V Ticker Symbol: BTP

Time of Halt: 10:18 EST

Reason for Halt: Pending News

For further information: contact - RS Inquiries [phone] - * Please note that RS is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.