Noticed that no one decided to say anything about Andico's post below...its observations are, lol, spot on concerning sales agreements & negotiations...let the derampers & shorters have their day, they will be relentless in their misinformation & mischeivous posts...we are all grown ups and can decide for ourselves...I & many more have held for a long time, and you will note the long termers aren't posting because they have 100% confidence in what will be happening shortly...buy on dips but don't over extend, just ride it out the New Year is fast approaching...theres no conspiracies, what has been announced is fact and theres lots more going on behind the scenes that the avg PI will not know...
Andico 14 Dec'05 - 10:33 - 1240 of 1318
The latest Metal Bulletin report on Berong, and some thoughts below:
(MB) Toledo gets another clearance for Berong nickel project
By Kamachi Ruthramurthi-Nilssen
Singapore, December 14 (Metal Bulletin) -- Toledo Mining Corp (TMC) has moved a step closer
to developing the Berong nickel mine in the Philippines after obtaining clearance from a local
community organisation.
The clearance from Palawan Council for Sustainable Development (PCSD) keeps the company on
target for direct shipping of ore in the first half of 2006, TMC said in a statement to the
London Stock Exchange.
"This is the second important consent granted within the past two weeks, and gives us the
backing we needed from the local community," said TCM's chief executive George Bujtor in the
statement.
The Philippine government awarded TMC a temporary exploration permit at the end of November,
allowing it to start field work at the mine site on the island of Palawan (MB Dec 1).
TCM has finalised sales agreements with some companies and is in negotiations with others,
but has not revealed names. Earlier this year an official at Atlas Consolidated Mining, which
holds a minority stake in Berong, told MB that discussions were taking place with potential
customers in Japan and China (MB August 18).
The Berong nickel project has an estimated resource of 275 million tonnes of nickel laterite
at a grade of 1.3% Ni and 0.074% cobalt, including some direct shipping grade ore of 2.3% Ni.
Toledo Mining stock quotes
Toledo Mining stock charts
Follow this thread
