Thompson Creek Metals (Blue Pearl Mng)

Thompson Creek announces revised reserves and new 10-year mine plan for Thompson Creek Mine
Monday November 26, 7:00 am ET


TSX: TCM, TCM.WT Frankfurt: A6R
<< - Part One of the reserves re-evaluation of Thompson Creek Mine's potential shows measured and indicated resources of 391.5 million pounds of molybdenum at a cut-off grade of 0.03% Mo, and proven and probable reserves of 213.5 million pounds assuming a molybdenum price of US$10 per pound. - Drilling has begun under and outside of the existing pit and Part Two of the reserves re-evaluation is to be completed in 2008. - The new mine plan for the next 10 years projects total molybdenum production of 192.1 million pounds. >>
TORONTO, Nov. 26 /CNW/ - Thompson Creek Metals Company Inc., one of the world's largest publicly traded, pure molybdenum producers, today announced new estimates for mineral resources and reserves and molybdenum production at its open-pit Thompson Creek Mine in Idaho.
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"The new reserves estimate represents the first of a two-part reserves re-evaluation of Thompson Creek Mine's potential and will be followed up with additional drilling that is expected to lead to a second revision of the reserves estimate in 2008," said Kevin Loughrey, President and Chief Executive Officer.

"This first part of the reserves work essentially evaluates the existing pit and previous drilling results on the basis of a molybdenum price of US$10 per pound and updated costs, compared to the previous evaluation at a US$5 per pound price," Mr. Loughrey stated.

"Most of the previous drilling, done 25 years ago, stopped at the level of 6,000 feet above sea level. The mine owners at the time had enough information to justify production and chose not to drill any deeper. Preliminary indications suggest the deposit continues below the 6,000-foot level. In order to confirm the continuity of the deposit, we are currently engaged in exploration drilling at the bottom of the pit. We also intend to carry out some drilling activity outside of the pit to determine the extent of resources on the land we own around the pit."

The updated mineral resources and reserves were estimated by Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA") in accordance with the CIM Standards.

The updated estimates represent increases for contained molybdenum in measured and indicated resources of 5.6%, in inferred resources of 163%, and in proven and probable reserves of 26.3% compared with the previous estimates.

Scott Wilson RPA estimates that Thompson Creek Mine's proven and probable reserves are 98.8 million tonnes with an average grade of 0.098% Mo containing 213.5 million pounds of molybdenum. The estimate is as of September 30, 2007.

These reserves consist of proven reserves of 39.2 million tonnes at an average grade of 0.104% Mo and probable reserves of 59.5 million tonnes at an average grade of 0.094% Mo.

The estimates are based on a pit design including Phases 6, 7 and 8, using an assumed molybdenum price of US$10 per pound (with exterior access) and updated costs.

The reserves were based on Scott Wilson RPA's revised estimate of measured and indicated mineral resources, which totals 232.1 million tonnes with an average grade of 0.076% Mo and contained Mo of 391.5 million pounds, using a cut-off grade of 0.03% Mo. This includes measured resources of 69.6 million tonnes with an average grade of 0.087% Mo, and indicated resources of 162.5 million tonnes with an average grade of 0.072% Mo.

Scott Wilson RPA also estimated additional inferred resources of 139.5 million tonnes with an average grade of 0.043% Mo and contained Mo of 132.2 million pounds.

The new estimates of mineral resources and reserves were carried out by William E. Roscoe, P.Eng., and John T. Postle, P.Eng., of Scott Wilson RPA, both of whom are qualified persons as defined in National Instrument 43-101. Messrs Roscoe and Postle have reviewed and approved the contents of this news release.

Scott Wilson RPA also reviewed the Company's new 10-year mine plan and concluded that "the production targets, mine operating cost forecasts, and the capital cost forecasts are reasonable."

The mine plan calls for production of 194.9 million pounds of molybdenum in the 10.25 years from October 1, 2007 to December 31, 2017 (192.1 million pounds for the 10-year period 2008 to 2017).

Details of the Scott Wilson RPA report will be available when a National Instrument 43-101 technical report is filed on SEDAR in due course.

The previous estimates for the mine, also compiled by Scott Wilson RPA in 2006 with an assumed cut-off grade of 0.04% Mo, showed measured and indicated resources of 178.6 million tonnes with an average grade of 0.094% Mo and contained Mo of 370.6 million pounds. Measured resources were estimated at 55.7 million tonnes with an average grade of 0.104% Mo and contained Mo of 127.9 million pounds, and indicated resources were estimated at 122.9 million tonnes with an average grade of 0.09% Mo and contained Mo of 242.7 million pounds. In addition, inferred resources were estimated at 34.5 million tonnes with an average grade of 0.066% Mo and contained Mo of 50.2 million pounds. Based on a molybdenum price assumption of US$5 per pound for molybdenum, proven and probable reserves were previously estimated at 64.5 million tonnes with an average grade of 0.119% Mo and contained Mo of 169.1 million pounds. Proven reserves were estimated at 28.1 million tonnes with an average grade of 0.123% Mo and contained Mo of 76 million pounds. Probable reserves were estimated at 36.4 million tonnes with an average grade of 0.116% Mo and contained Mo of 93.0 million pounds.

The previous estimates of mineral resources were estimated by William E. Roscoe, P.Eng., and the previous estimates of mineral reserves were estimated by John T. Postle, P.Eng., both of whom are qualified persons as defined in National Instrument 43-101.

Source: Thompson Creek Metals Company Inc.



Gruß
MadX

 

Attention Business Editors:

Thompson Creek announces revised reserves and new 10-year mine plan for Thompson Creek Mine


    TSX: TCM, TCM.WT
    Frankfurt: A6R

    -   Part One of the reserves re-evaluation of Thompson Creek Mine's
        potential shows measured and indicated resources of 391.5 million
        pounds of molybdenum at a cut-off grade of 0.03% Mo, and proven and
        probable reserves of 213.5 million pounds assuming a molybdenum price
        of US$10 per pound.
    -   Drilling has begun under and outside of the existing pit and Part Two
        of the reserves re-evaluation is to be completed in 2008.
    -   The new mine plan for the next 10 years projects total molybdenum
        production of 192.1 million pounds.

    TORONTO, Nov. 26 /CNW/ - Thompson Creek Metals Company Inc., one of the
world's largest publicly traded, pure molybdenum producers, today announced
new estimates for mineral resources and reserves and molybdenum production at
its open-pit Thompson Creek Mine in Idaho.
    "The new reserves estimate represents the first of a two-part reserves
re-evaluation of Thompson Creek Mine's potential and will be followed up with
additional drilling that is expected to lead to a second revision of the
reserves estimate in 2008," said Kevin Loughrey, President and Chief Executive
Officer.
    "This first part of the reserves work essentially evaluates the existing
pit and previous drilling results on the basis of a molybdenum price of
US$10 per pound and updated costs, compared to the previous evaluation at a
US$5 per pound price," Mr. Loughrey stated.
    "Most of the previous drilling, done 25 years ago, stopped at the level
of 6,000 feet above sea level. The mine owners at the time had enough
information to justify production and chose not to drill any deeper.
Preliminary indications suggest the deposit continues below the 6,000-foot
level. In order to confirm the continuity of the deposit, we are currently
engaged in exploration drilling at the bottom of the pit. We also intend to
carry out some drilling activity outside of the pit to determine the extent of
resources on the land we own around the pit."
    The updated mineral resources and reserves were estimated by Scott Wilson
Roscoe Postle Associates Inc. ("Scott Wilson RPA") in accordance with the CIM
Standards.
    The updated estimates represent increases for contained molybdenum in
measured and indicated resources of 5.6%, in inferred resources of 163%, and
in proven and probable reserves of 26.3% compared with the previous estimates.
    Scott Wilson RPA estimates that Thompson Creek Mine's proven and probable
reserves are 98.8 million tonnes with an average grade of 0.098% Mo containing
213.5 million pounds of molybdenum. The estimate is as of September 30, 2007.
    These reserves consist of proven reserves of 39.2 million tonnes at an
average grade of 0.104% Mo and probable reserves of 59.5 million tonnes at an
average grade of 0.094% Mo.
    The estimates are based on a pit design including Phases 6, 7 and 8,
using an assumed molybdenum price of US$10 per pound (with exterior access)
and updated costs.
    The reserves were based on Scott Wilson RPA's revised estimate of
measured and indicated mineral resources, which totals 232.1 million tonnes
with an average grade of 0.076% Mo and contained Mo of 391.5 million pounds,
using a cut-off grade of 0.03% Mo. This includes measured resources of
69.6 million tonnes with an average grade of 0.087% Mo, and indicated
resources of 162.5 million tonnes with an average grade of 0.072% Mo.
    Scott Wilson RPA also estimated additional inferred resources of
139.5 million tonnes with an average grade of 0.043% Mo and contained Mo of
132.2 million pounds.
    The new estimates of mineral resources and reserves were carried out by
William E. Roscoe, P.Eng., and John T. Postle, P.Eng., of Scott Wilson RPA,
both of whom are qualified persons as defined in National Instrument 43-101.
Messrs Roscoe and Postle have reviewed and approved the contents of this news
release.
    Scott Wilson RPA also reviewed the Company's new 10-year mine plan and
concluded that "the production targets, mine operating cost forecasts, and the
capital cost forecasts are reasonable."
    The mine plan calls for production of 194.9 million pounds of molybdenum
in the 10.25 years from October 1, 2007 to December 31, 2017 (192.1
million pounds for the 10-year period 2008 to 2017).
    Details of the Scott Wilson RPA report will be available when a National
Instrument 43-101 technical report is filed on SEDAR in due course.
    The previous estimates for the mine, also compiled by Scott Wilson RPA in
2006 with an assumed cut-off grade of 0.04% Mo, showed measured and indicated
resources of 178.6 million tonnes with an average grade of 0.094% Mo and
contained Mo of 370.6 million pounds. Measured resources were estimated at
55.7 million tonnes with an average grade of 0.104% Mo and contained Mo of
127.9 million pounds, and indicated resources were estimated at 122.9 million
tonnes with an average grade of 0.09% Mo and contained Mo of 242.7 million
pounds. In addition, inferred resources were estimated at 34.5 million tonnes
with an average grade of 0.066% Mo and contained Mo of 50.2 million pounds.
Based on a molybdenum price assumption of US$5 per pound for molybdenum,
proven and probable reserves were previously estimated at 64.5 million tonnes
with an average grade of 0.119% Mo and contained Mo of 169.1 million pounds.
Proven reserves were estimated at 28.1 million tonnes with an average grade of
0.123% Mo and contained Mo of 76 million pounds. Probable reserves were
estimated at 36.4 million tonnes with an average grade of 0.116% Mo and
contained Mo of 93.0 million pounds.
    The previous estimates of mineral resources were estimated by William E.
Roscoe, P.Eng., and the previous estimates of mineral reserves were estimated
by John T. Postle, P.Eng., both of whom are qualified persons as defined in
National Instrument 43-101.

    About Thompson Creek Metals Company Inc.

    Thompson Creek Metals Company Inc. (formerly Blue Pearl Mining Ltd.) is
one of the largest publicly traded, pure molybdenum producers in the world.
The Company owns the Thompson Creek open-pit molybdenum mine and mill in
Idaho, a 75% share of the Endako open-pit mine, mill and roasting facility in
northern British Columbia, and a metallurgical roasting facility in Langeloth,
Pennsylvania. Thompson Creek is also developing the Davidson high-grade
underground molybdenum project near Smithers, B.C. The Company has more than
700 employees. Its head office is in Toronto, Ontario. It also has executive
offices in Denver, Colorado (including sales and marketing) and Vancouver,
British Columbia. More information is available at
www.thompsoncreekmetals.com.

    Cautionary Note on Forward-Looking Statements

    This news release contains "forward-looking information" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities legislation which may include, but is not
limited to, statements with respect to the timing and amount of estimated
future production. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Thompson
Creek and/or its subsidiaries to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's annual information
form for the year ended December 31, 2006 and dated March 26, 2007 which is
available on SEDAR at www.sedar.com and is incorporated in its Registration
Statement on Form 40-F filed with the United States Securities and Exchange
Commission on October 30, 2007 which is available at www.sec.gov. Although
Thompson Creek has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this
news release and Thompson Creek does not undertake to update any such
forward-looking statements, except in accordance with applicable securities
laws. There can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers are cautioned not
to place undue reliance on forward-looking statements.

    Readers should refer to Thompson Creek's annual information form for the
year ended December 31, 2006 and dated March 26, 2007 which is available on
SEDAR at www.sedar.com and is incorporated in its Registration Statement on
Form 40-F filed with the SEC on October 30, 2007 which is available at
www.sec.gov and subsequent continuous disclosure documents available at
www.sedar.com and www.sec.gov for further information on mineral reserves and
mineral resources, which is subject to the qualifications and notes set forth
therein.

    Cautionary Note to United States Investors Concerning Estimates of
Measured, Indicated and Inferred Mineral Resources: This presentation uses the
terms "Measured", "Indicated" and "Inferred" Resources. United States
investors are advised that while such terms are recognized and required by
Canadian regulations, the United States Securities and Exchange Commission
does not recognize them. "Inferred Mineral Resources" have a great amount of
uncertainty as to their existence, and as to their economic and legal
feasibility. It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of Inferred Mineral Resources may not form the basis of feasibility
or other economic studies. United States investors are cautioned not to assume
that all or any part of Measured or Indicated Mineral Resources will ever be
converted into Mineral Reserves. United States investors are also cautioned
not to assume that all or any part of an Inferred Mineral Resource exists, or
is economically or legally mineable.


For further information: Ian McDonald, Executive Chairman, Thompson Creek
Metals Company Inc., Tel: (416) 860-1438, info@tcrk.com; Wayne
Cheveldayoff, Director of Investor Relations, Thompson Creek Metals Company
Inc., Tel: (416) 860-1438, Toll free: 1-800-827-0992,
wcheveldayoff@tcrk.com; Tina Cameron, Renmark Financial Communications
Inc., Tel.: (514) 939-3989, tcameron@renmarkfinancial.com

 

der bericht zu den aktualisierten reserven in endako ist genial. es gibt deutlich mehr molybdän als bislang angenommen. und alle bewertungen basieren auf einem molybdän-preis von 10 $/lb (wir haben zur zeit 33 $/lb) , das ist bewundernswert konservativ und einfach grundsolide. sie schauen auch, ob sie tiefer im boden sowie aussen um die jetzige mine herum (das land gehört ihnen auch) nicht auch noch lukrativ was abbauen können. soviel zu der endako-mine, von der hier schon zu lesen war, dass sie ausgebeutet wäre.

warum begreifen so viele immer noch nicht, dass dies kein hot stock mehr ist, sondern eine wirtschaftliche produktionsfirma mit exzellentem potential? ich kann es nicht sagen, aber eigentlich kann es mir ja auch egal sein, da ich meinen tacitus schon gelesen hab ;-).

glaube, dass noch ein paar solcher nachrichten diese woche platziert werden. weil das management um ian mc donald einfach weiss, was es zu tun hat. wird den kurs weiter beflügeln...long and strong, wie der ami sagt.  

 

der einstieg bei thompson creek lohnt nach wie vor! lies dir die einträge sorgfältig durch und du wirst sehen, dass der wahre wert der aktie noch lange nicht erreicht ist. ist natürlich meine privatmeinung!  

ich würde sagen, dass es sich auch jetzt noch lohnt, da ich persönlich keinen grund sehe, warum das allzeithoch von 18.50 Euro nicht bald wieder erreicht wird.

generell kann ich sagen, dass es meiner meinung nach besser ist, eine aktie wie tcm (über die man sich ausgiebig informiert hat und das wissen immer aktualisiert, so dass man grundlegend und fest (wichtig für schwächephasen) von dem unternehmen überzeugt ist) einfach lange im auge zu behalten und an tagen von vorübergehenden schwächephasen zu kaufen. dafür hält man immer einen teil seines depots flüssig. einige hier, wie ich auch, haben zum beispiel in den letzten tagen um 12 euro noch mal aktien eingesammelt und stehen bereits jetzt mit diesen papieren 20% im plus.

 

und wieder andere hatten schon bei 14 Euronen zugeschlagen und das ganze flüssige verpulvert...

Aber egal bis Ende des Jahres bin ich auch wieder fett im PLUS

Falke  

Der Wert bestimmt sich in erster Linie aufgrund folgender Parameter:

1. Menge und Qualität der Resserven: TCM ist schon Produzent. Die Reserven sind gerade angehoben worden und der Abbau ist wirtschaftlich
2. Wert der Reserven: Es gibt wohl kaum einen Rohstoff, wo man so optimistisch sein kann bzgl. der weiteren Preisstabilität
3. Qualität des Managements: Ich bin in vielen Foren zu Gast. Wie häufig wird dort auf das MAnagement geschimpft und dessen Ablösung gefordert. Bei TCM ist alles ruhig. Die Aktionäre vertrauen dem MAnagement und wenn man sich den Kursverlauf der letzten 12 Monate ansieht,, dann scheinen sie alles richtig gemacht zu haben.

Überlegenswert: Soll man im Moment überhaupt Aktien kaufen? Ist die Rohstoffrallye zu Ende? Meine Meinung: Ja, Qualität kann man immer kaufen, Rücksetzer kann es aber wie bei jeder Aktie geben. Ein Grubenunglück oder einen Wassereinbruch kann man nichtz vorhersagen.
Zusammmenfassung: Auch wenn nicht mehr die Steigerungsraten der letzten Monate drin sein sollten, so lohnt sich TCM noch immer. 20% und mehr sollten auf jeden FAll noch drin sein.  

Hallo Crew,auch ich bin noch voll investiert,obwohl mein Mittelfinger bei Kursen um 14,5 Euronen ganz schön über der Verkaufstaste zuckte,aber irgendwie habt ihr ja alle Recht,wenn ihr sagt,dass es für einen Verkauf noch zu früh ist.
Also ist vorläufig Entspannung angesagt.
Wenn man bedenkt das der TCM-Kurs von 18,5 bis unter 12 gefallen ist und dass ohne Unterbrechung,kann man auch davon ausgehen,dass der  Kurs von TCM auch in kurzer Zeit
wenigsten die Hälfte des Verlustes wieder relativ schnell aufholt.
Also erwarte ich mindestens Kurse von 15,xx bevor vieleicht eine kleine Konsolidierung mit leichten Kursrücksetzer einsetzt.
Also meine Börsen-Ampel steht für die Aktie von TCM einstweilig auf grün!  
Gruß fungi   :-))))
 

habe seit kurzem ein orakel am start die mir vorausgesagt hat, daß es ab freitag aufwärts geht. ich war leider zu geizig und hab am do einen kaufkurs von 11,70 angesetzt (und es ging nur bis 11,80 runter) und bin deshalb weiterhin nur mit meiner megalong-posi an bord.
was die kugel noch gesagt hat: die erholung dauert ca 2 wochen (ca 6./7.12.) und dann gehts wieder 2 wochen bergab. diesen 2 wochen-rhytmus werden wir bis ende jänner beibehalten.
wenn das alles stimmt (ich zweifel ja noch dran) dann verrate ich euch ende jänner mein orakel ;-)  

 

man wäre das ein Tag zum traden gewesen ...
Mir ging es wie dir Fungi, die Zuckungen in den Fingern waren gewaltig.
Aber so ist es auch gut :-)  

Da haben wir unser Perlchen so schön nach Norden gerudert, und dann kommen die ollen Holzfäller daher und bremsen uns aus. Muß das denn sein??? Ist doch anstrengend, immer dieses Geschaukel.  

nun mach ich hier mal ein auf freigeist und du prognostizierst ein auf grüne ampel *gg*
dabei dachte ich das gerade du heute den mahnenden finger erhebst und um vorsicht bittest ;-)
ich glaube wir zwei kommen nie auf einen nenner *gg*

mfg
me


 

 

allerdings hoffe ich das fungi recht behält....aber börse is ja kein wunschkonzert ;-)

mfg
me


 

schon zufrieden wen wir nur den vortagesstand halten

gruss rs1
Der Berserker  

Okay,ich hätte heute einen Teil der Aktien verkaufen können,so wie ich es beim letzten Zukauf auch gedacht hatte.
Aber welche Anlage-Alternative für das frei gewordene Geld wäre mir nach dem Verkauf geblieben?
Weil ich eben diese wichtige Frage nach reiflicher Überlegung nicht zu meiner Befriedigung beantworten konnte,ließ ich alles so wie es ist!
Natürlich habe ich auch einen Hintergedanken dabei,warum ich noch keine einzige Perle verkaufte,dass ist ja logisch,bin ja auch kein Heiliger!
Und was sagt mir mein Hintergedanke?
Das wir noch TCM-Kurse von 16 Euronen sehen und zwar bis 30.12.2007  
Da sage noch Einer,dass Hintergedanken immer schlecht sein müssen!  :-))
fungi
 

Aber ich weiß, dass ist irgendwie wie das Hütchenspiel und gefällt mir irgendwie auch nicht. Dennoch habe ich in den letzten Monaten auch so Geld verdient.  

 

Als der nämlich merkte,dass die Trauben die er haben wollte,zu hoch waren,sagte er resigniert: Was soll's waren ja eh zu sauer!
fungi  

dann müssen se wohl noch ein wenig reifen. ;-))) Außerdem denke ich, werden wir früher oder später mit unserem Kurs auch immer weiter nach oben kommen, sodaß wir irgendwann da dran kommen, um sie mit voller Reife zu ernten. ;-)

Aber das dürfte ja noch ein wenig dauern, gehe ich mal von aus. Die volle "Reife" entfaltet unsere "Blaue Molytraube" doch erst bei ca. 40 Euro. ;-))) Qualitätstrauben brauchen halt immer ein wenig länger, um das gute Weinaroma zu erreichen.

Ach ja, erst mal Euch allen einen guten Morgääähn. So, sollte mich einer suchen, bin bei den Rumfässern beim Kaffee. ;-)))

LG, Harley


 

auf tauchfahrt :-( nicht das die perle noch zum u-boot wird :-(

gruss rs1
Der Berserker  

Ich finde Dich dort gar nicht, oder liegst Du wieder in der Koje???

Falke  

Hast wohl nicht richtig gesucht, bin doch da. ;-))) Bin der, der sich das Zeug (fast) intravenös reinschraubt. *gggg*

LG, Harley