Thompson Creek Metals (Blue Pearl Mng)

Aber hat eigentlich jemand die Gewinne der Röster eingerechnet?  

ich lass mich morgen überraschen. wünsch euch allen eine gute nacht und wartet nicht zu lange.

 

Die Zahlen sehe ich Morgen auch noch.

Wünsche allen eine gute Nacht  

und wer hat sich mal wieder gemeldet......die treuen mitleser kennen ihn ;-)
genau es ist rory17 *gg*


mfg
me

"MOLY"THE NEXT SECTOR TO ROCK!

For those of you who haven’t noticed; it appears that the price of Molybdenum (moly) is on the move and the funny thing is, it is moving in the opposite direction of what most of the analysts and newsletter writers have predicted. HOW CAN THAT BE? How can they be wrong about a base metal that has skyrocketed in price by more than 12 X in the last 3 years? Funny thing about this is the fact that it is not really their fault that they have been on the wrong side of the price movement with their predictions.

Moly is one of the most unknown and mis-understood base metals in the world today. This metal is unquestionably the metal of the 21st century. Not only is it the metal of the 21st century but very few individuals, investors, newsletter writers and even companies that produce moly have a clue to the importance that moly will play in shaping the rest of our lives and the lives of generations to come.

The best part about this is the fact that we, as consumers, are going to be the big winners. Not only will the consumer be a huge winner but countries such as the US and China can now look at each other as partners in the development of crucial technology and power plants that will easily solve the world’s energy problems and needs rather than fierce competitors for the worlds dwindling supplies of natural resources.

Think about it for a second! What better way to cool the world’s frayed nerves than to come up with a solution to the world’s energy crisis! Think of the possibility of buying gasoline at $1.50-$2.00/gallon again. Believe it or not there is a solution to the world’s energy crisis and the technology has been around for decades! In fact this technology is now in the process of becoming a reality.

China and South Africa are working together to develop and build power plants that will liquify coal in a process that makes their vast reserves of coal economical and the finished product is burned pollution free. Think of what this means! Both the US and China can tell the oil producing nations, of the world, to go take a “high flying leap off their tallest oil rig.” For the first time in years I have positive feelings about the future and I can see a way for the US to solve many of its pressing problems. Think of automobiles and power plants burning fuel that is virtually pollution free for a lot less than we pay for the same energy today! This technology will not only solve our energy crisis but it will also do wonders in solving the world’s air pollution crisis and the threat of global warming.

I hope you are getting as excited as I am because from my standpoint I have searched for a very long time to find anything to be positive about in the world today. Not only does this give me something to cheer about but the timing cannot be better.

Now you have got to be asking yourself “how does moly fit in to this?” The answer to that is very simple but yet it has been kept a “BIG SECRET!” Very few people know or understand the fact that MOLY is the catalyst to clean the impurities out of the vast quantities of coal and stranded natural gas that exists in the world today. With moly as the catalyst there is very little doubt about the fact that the demand for moly can do anything but increase significantly over the years to come.

Very few newsletter writers, analysts or even producing moly companies understand the fact that the world of the 21st century cannot exist, in the manner that it will, without a much larger supply of moly than is available in the market today..

Without this knowledge there is no way that many of these very intelligent people could come to the conclusion that the price of moly could do anything but fall in price. That would be a logical and practical opinion to form.

For months newsletter writers and analysts have said that moly prices would fall below $15/lb. after peaking above $39/lb. For months end users of moly have waited for the pullback in price. Most of these end users felt that moly had no-where to go in price but down. As a result of this thinking these end users kept their inventories of moly at very low levels. They waited and hoped that the price of moly would fall. Moly did have a pullback; all the way to the meager level of $29/lb.

The funny thing about moly is the fact that moly, as a commodity, is not traded as a commodity on any of the publicly traded commodity exchanges. The important point to this is the fact that moly then has to trade on the basis of pure supply and demand. Pure supply and demand eliminates all the games and manipulation that is created by speculators, hedge funds and those who attempt to manipulate markets to their advantage.

Moly prices are now rising because the end users can wait no longer for the price to fall. The end users must buy to replenish inventories that do not exist and this, coupled with thin supplies, is the real reason why the price of moly is now rising. It has nothing to do with roasters or any other garbage that certain people and companies want you to believe. These naysayers have their own best interest at heart and they may be the ones who truly know what is going on behind the scene and doing everything they can to keep moly a big secret while they take full advantage to position themselves for the future.

Ken Reser just posted a magnificent article called “THE BIG SECRET!” I love this guy as I have learned so much from him in the short time that I have had the privilege of knowing and working with him. Ken is one of these guys who spends an incredible amount of time in the pursuit of knowledge and the truth. Ken is the first individual; I know of, to post an article revealing the importance that moly plays in the development of this new technology that literally is the “SAVIOR OF THE WORLD!”

Now that the truth is coming out; all these people, who have felt that moly prices would pull back, now have a perfectly good reason to alter their opinions! I believe we will read lots of articles, in the near future, from analysts and newsletter writers who have “flip-flopped” with their opinion on the future direction in the price of moly. Even Jim Cramer on “romper room” or excuse me I mean CNBC was talking about the positive future of the base metals and moly as one base metal in particular. In other words the rest of the investing world is beginning to stand up and take notice.

LOOK OUT WORLD BECAUSE HERE COMES MOLY AND THE MOLY STOCKS! I feel that moly, as a sector will outperform and give returns better than the oil and uranium sectors. After all why mess with uranium and the consequences of the liabilities and cleaning the messes it leaves behind when you can burn pollution-free coal and stranded natural gas FOR A LOT LESS THAN IT COSTS TODAY TO FILL OUR CARS AND HEAT OUR HOMES.

With the vast quantities of coal and stranded natural gas that exists in the world today the US and the rest of the world can become completely independent in the development and supplies OF THEIR OWN NATURAL RESOURCES FOR CENTURIES TO COME. Wouldn’t this be an absolutely wonderful feeling and position to be in for the rest of our lives and the lives of generations to come? Wouldn’t it be great to leave our children and grandchildren something to be proud of? Isn’t it about time for the people of the world to stand up and demand that attention and vast amounts of capital be spent on the development of this absolutely necessary and timely power and technology!

For those of you who believe that a recession or depression is eminent, after the hyperinflation, and the resulting slowdown will change the demand for moly; I ask you to think about this. What will the government do when the economy comes to a standstill?

I believe that our government will do exactly what they did in the depression of the 30’s; except this time the money will be spent to completely realign our energy industry. I believe they will create vast quantities of jobs that will put the people back to work. I also believe these jobs will be of the same nature that existed in the 30’s when The Hoover Dam was built. I believe power plants across the country will be built and these power plants will run on coal and stranded natural gas using vast quantities of moly as a catalyst to clean the impurities.

In other words I believe a slowdown in the US could create a greater demand for moly as a result of the money being spent in a manner that puts people back to work and at the same time solves our great countries energy and pollution needs with all the problems that go with it! This would take negative, short term, economic times and transfer that pain into long term growth and gain for future generations to come.

Yeah I’m pumped and for the first time in a very long time I’m very optimistic that we can now turn the corner and bring this country back to the status it once held. I believe this will be a very long and slow process but at least it is a start and I have absolutely no problem sharing that seat with developing countries like China. THERE IS LIGHT AT THE END OF THE TUNNEL! You know; I’m beginning to feel good; I only hope our elected officials get the point real quick.


 

MARCH 26, 2007 - 17:13 ET  Show Text
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Blue Pearl Reports Cash Flow From Operating Activities of US$75.4 Million in 2006
 
TORONTO, ONTARIO--(CCNMatthews - March 26, 2007) - Blue Pearl Mining Ltd. (TSX:BLE)(TSX:BLE.WT.A)(FRANKFURT:A6R) -

Highlights of 2006 reflecting acquisition of Thompson Creek Metals Company (TCMC) (all in U.S. dollars):

- Revenues for the fourth quarter and full year 2006 totaled $150.8 million -- all occurring from sales mainly of molybdenum in the 67 days following the acquisition -- amounting to approximately $2.25 million per day in the period October 26 to December 31, 2006.

- Cash flow from operating activities, mostly in the post-acquisition period, totaled $75.4 million.

- Company ended 2006 with cash balances of $98.1 million after paying, subsequent to closing, $61.5 million owed to the TCMC vendors relating to accounts receivable as provided for in the TCMC acquisition agreement. The Company's cash balances as of March 22, 2007 were approximately $135 million after also paying $64.3 million, including a prepayment premium, to discharge the Second Lien Credit Facility on March 15, 2007.

- Molybdenum production costs for output from the Thompson Creek and Endako mines averaged $6.28 per pound while realized prices on molybdenum sales averaged $25.74 per pound.

- Net loss of $20.6 million in 2006 includes $68.9 million of inventory purchase price adjustment included in operating expenses and a non-cash charge of $14.5 million for stock options compensation.

- Conference call and webcast for analysts and investors scheduled for March 27, at 10:00 a.m. Eastern

Blue Pearl Mining Ltd., the world's largest publicly traded, pure molybdenum producer, today announced financial results for the year ended December 31, 2006 prepared in accordance with Canadian generally accepted accounting principles. All dollar amounts are in U.S. dollars unless otherwise indicated.

Blue Pearl's revenues totaled $150.8 million in 2006, derived mainly from the sale of molybdenum products subsequent to the Company's acquisition on October 26, 2006 of Thompson Creek Metals Company (TCMC). No revenues were earned by Blue Pearl in 2005 as it was in the development stage.

Operating expenses in 2006, which were incurred by TCMC during the period October 26 to December 31, 2006, totaled $145.1 million. Included in operating expenses was an acquisition expense of $68.9 million related to the inventory portion of the TCMC purchase price adjustment. TCMC held 7.8 million pounds of molybdenum in inventory on the acquisition date and this inventory was deemed to be purchased by Blue Pearl, for accounting purposes, at fair value, resulting in an uplift of inventory costs of $98.5 million over the original book value. Of this, $68.9 million was charged to operating expenses in 2006 and the remaining $29.6 million is expected to be charged to operating expenses in the first quarter of 2007 as the related inventory is sold. Blue Pearl had no operating expenses in 2005.

Among the Company's other 2006 expenses was a non-cash charge of $14.5 million for stock-based compensation as a result of options being granted to 110 members of management, senior operations personnel, directors and other staff. Stock-based compensation in 2005 was $0.4 million.

General and administrative expenses totaled $4.6 million in 2006, compared with $1.5 million in 2005. Exploration and development expenses, which were mainly related to the Davidson Project, were $8.6 million in 2006 versus $2.3 million a year earlier.

Net loss for 2006 was $20.6 million or $0.36 per basic and diluted share, compared with a net loss for 2005 of $4.1 million or $0.13 per basic and diluted share. The per share figures are based on a weighted-average number of shares outstanding of 57,688,000 in 2006 and 31,879,000 in 2005. As of December 31, 2006, there were 100,528,000 shares outstanding.

Cash generated by operating activities totaled $75.4 million in 2006, compared with cash used of $2.7 million in 2005.

Cash balances were $98.1 million as at December 31, 2006 versus $6.9 million a year earlier.

During 2006, mainly to finance the TCMC acquisition, the Company raised $233.7 million from equity issues and incurred $401.9 million in long-term debt. In 2005, $9.8 million was raised from equity issues.

Total assets at the end of 2006 were $935.7 million, up from $8.4 million a year earlier.

Revenues in the fourth quarter of 2006 were $150.8 million. There were no revenues in the fourth quarter of 2005. Net loss was $12.4 million or $0.14 per basic and diluted share in the fourth quarter of 2006, compared with $2.5 million or $0.06 per basic and diluted share in the corresponding period of 2005.

In 2006, the Company, following the TCMC acquisition, produced 3.84 million pounds of molybdenum at an average production cost of $6.28 per pound. The Company's U.S. operations produced 2.47 million pounds at an average cost of $5.83 per pound while the Canadian operations produced 1.37 million pounds at an average cost of $7.30 per pound. The amounts produced reflect molybdenum produced at the Thompson Creek and Endako mines but do not include molybdenum purchased from third parties, roasted and sold by the Company. The average costs reflect production costs, including roasting costs, for molybdenum from the Thompson Creek and Endako mines only.

Outlook

The price of molybdenum, which averaged $4.50 per pound between 1994 and 2004, peaked at $40 per pound in June 2005 and has since moderated somewhat. In 2006, the average price of molybdenum remained historically strong at approximately $25 per pound. The expected trends in supply and demand for molybdenum suggest a positive near-term outlook for the price. Barring a world recession, demand for molybdenum is expected to continue to grow. In the absence of new supply coming from China and given numerous constraints on overall production growth outside of China, the price of molybdenum is expected to remain relatively strong in the near future.

As previously announced, the Company is expecting to produce 21 million pounds of molybdenum in 2007 and 27 million pounds in 2008 from its existing Thompson Creek and Endako mines. This production profile and the anticipated strong sales prices are expected to produce strong cash flow for the Company and to allow the Company to meet its cash requirements for operations, capital expenditures, debt payments and any contingent payment accruing during 2007.

One of the Company's goals is to reduce its long-term debt. As previously announced, the Company prepaid in full its $61.9 million Second Lien Credit Facility plus a prepayment premium of $2.5 million on March 15, 2007. The remaining bank debt of approximately $340 million (First Lien Credit Facility), on which the Company is required to pay principal of $18.75 million per quarter in 2007, can be prepaid without penalty and if molybdenum prices remain sufficiently strong then debt payments will be made above the scheduled minimum amounts. The Company's cash balances on March 22, 2007 were approximately $135 million. As of the end of March 2007, after the regular quarterly payment on the First Lien is made at month-end, Blue Pearl's bank debt is expected to be less than $320 million.

Both the Thompson Creek and Endako Mines are developing new plans based on a reevaluation of mineral resources and reserves assuming a long-term molybdenum price of $10 per pound and updated costs. Previous mine plans had assumed a long-term price of $5 per pound at Thompson Creek and $3.50 per pound at Endako. The new plans are expected to increase reserves and mine life at both operations when they are completed in 2007.

The Davidson Deposit, which is Canada's largest undeveloped molybdenum deposit, is important to the Company's future as it represents an opportunity for organic growth at low capital cost. The deposit's high-grade core is easily accessible with minimal impact to the environment. A feasibility study including a new mineral reserve estimate is currently underway and is expected to be completed during the second quarter of 2007.

Additional information on the Company's financial position is available in Blue Pearl's 2006 Financial Statements and Management's Discussion and Analysis, which will be filed with SEDAR (www.sedar.com) and posted on the Company's website (www.bluepearl.ca).

Conference call and webcast

Blue Pearl will hold a conference call for analysts and investors to discuss its 2006 financial results on March 27, 2007 at 10 a.m. (Eastern).

Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief Executive Officer, and Derek Price, Chief Financial Officer, will be available to answer questions during the call.

To participate in the call, please dial 416-695-6623 or 1-877-323-2090 about five minutes prior to the start of the call.

A live audio webcast of the conference call will be available at www.ccnmatthews.com and www.bluepearl.ca.

An archived recording of the call will be available at 416-695-5275 or 1-888-509-0081 (Passcode 641830) from 12:00 p.m. on March 27 to 11:59 p.m. on April 3. An archived recording of the webcast will also be available at Blue Pearl's website.

About Blue Pearl Mining Ltd.

Blue Pearl is the world's fifth-largest molybdenum producer. In October 2006, the Company purchased 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. Blue Pearl 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 Vancouver, British Columbia and Denver, Colorado (including sales and marketing). More information is available at www.bluepearl.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of Blue Pearl, its subsidiaries and its projects, the future price of molybdenum, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. 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 Blue Pearl 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, among others, general business, economic, competitive, political and social uncertainties; the anticipated benefits of the acquisition not occurring in the expected time frame or at all; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of molybdenum; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in Blue Pearl's short form prospectus dated October 13, 2006 which is available on SEDAR at www.sedar.com. Although Blue Pearl 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 Blue Pearl disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. 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. Blue Pearl undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The following are the Company's consolidated financial statements, excluding notes, for 2006 and 2005.



Consolidated Balance SheetsDecember 31, 2006 and 2005(US dollars in thousands)
                                                     2006            2005
Assets
Current assets Cash and cash equivalents                       $  98,059        $  6,915 Accounts receivable                                84,476             272 Product inventory                                 131,269               - Material and supplies inventory                    25,498               - Prepaid expenses                                    3,015              20 Income taxes recoverable                            1,195               - Future income and mining taxes                        468               -                                                 ------------    ----------                                                    343,980          7,207
Property, plant and equipment                       480,187          1,159Reclamation deposits                                 23,005              -Restricted cash                                       8,081             31Deferred finance fees                                13,267              -Future income and mining taxes                       20,902              -Goodwill                                             46,322              -                                                 ------------    ----------
                                                $  935,744       $  8,397                                                 ------------    ----------                                                 ------------    ----------
Liabilities
Current liabilities Accounts payable and accrued liabilities        $   38,794       $  1,348 Income taxes payable                                30,602              - Current portion of long-term debt                   77,284              - Future income and mining taxes                      17,237              -                                                 ------------    ----------                                                    163,917          1,348
Long-term debt                                      333,789              -Asset retirement obligations                         25,992            193Sales contract liability                             11,421              -Severance and retention                               8,008              -Future income and mining taxes                      168,566              -                                                 ------------    ----------
                                                   711,693          1,541                                                 ------------    ----------
Shareholders' Equity
Common shares                                       210,857         11,867Warrants                                             35,445            646Contributed surplus                                  14,953            422Deficit                                             (27,579)        (6,936)Foreign currency translation adjustment              (9,625)           857                                                 ------------    ----------
                                                   224,051          6,856                                                 ------------    ----------
                                                $  935,744       $  8,397                                                 ------------    ----------                                                 ------------    ----------

Consolidated Statements of LossDecember 31, 2006 and 2005(US dollars and share amounts in thousands, except per share amounts)
                                                      2006           2005
Revenues Molybdenum sales                                $  147,676       $      - Tolling and calcining                                3,167              -                                                 ------------    ----------
                                                   150,843              -                                                 ------------    ----------
Cost of sales Operating expenses                                 139,115              - Selling and marketing                                1,239              - Depreciation and depletion                           4,718              - Accretion                                               27              -                                                 ------------    ----------                                                    145,099              -                                                 ------------    ----------
Income from mining operations                         5,744              -
Other (income) expenses General and administrative                           4,568          1,470 Exploration and development                          8,635          2,313 Interest and finance fees                            9,139              - Stock-based compensation                            14,547            434 Interest income                                     (1,183)          (139) Other                                               (1,047)            35                                                 ------------    ----------
                                                    34,659          4,113                                                 ------------    ----------
Loss before income taxes                            (28,915)        (4,113)
Income and mining taxes (recoverable) Current                                             23,133              - Future                                             (31,405)             -                                                 ------------    ----------
                                                    (8,272)             -                                                 ------------    ----------
Net loss                                         $  (20,643)      $ (4,113)                                                 ------------    ----------                                                 ------------    ----------
Loss per share - basic and diluted               $    (0.36)      $  (0.13)                                                 ------------    ----------                                                 ------------    ----------
Weighted-average number of shares outstanding        57,688         31,879                                                 ------------    ----------                                                 ------------    ----------

Consolidated Statements of DeficitDecember 31, 2006 and 2005(US dollars in thousands)
                                                      2006           2005
Balance, beginning of year                       $   (6,936)      $ (2,823)Net loss                                            (20,643)        (4,113)                                                 ------------    ----------Balance, end of year                             $  (27,579)      $ (6,936)                                                 ------------    ----------                                                 ------------    ----------
Consolidated Statements of Cash FlowsDecember 31, 2006 and 2005(US dollars in thousands)
                                                      2006           2005
Operating Activities
Net loss                                         $  (20,643)      $ (4,113)Items not affecting cash: Depreciation and depletion                           4,718              - Accretion                                               27              - Amortization of finance fees                           406              - Stock-based compensation                            14,547            434 Future income and mining taxes                     (31,405)             - Unrealized derivative losses                           660              - Gain on sale of marketable securities                    -             (2)Change in non-cash working capital                  107,134            958                                                 ------------    ----------   Cash generated by (used in) operating    activities                                       75,444         (2,723)                                                 ------------    ----------
Investing Activities
Property, plant and equipment                        (4,514)             -Acquisitions, net of cash acquired                 (600,428)          (874)Restricted cash                                        (138)             -Proceeds from disposition of marketable securities                                               -             11Reclamation deposit                                    (235)           (31)                                                 ------------    ----------   Cash used in investing activities               (605,315)          (894)                                                 ------------    ----------
Financing Activities
Equity issues                                       233,701          9,822Long-term debt                                      401,855              -Finance fees                                        (13,673)             -Repayments of long-term debt                           (367)             -                                                 ------------    ----------
  Cash generated by financing activities           621,516          9,822                                                 ------------    ----------
Effect of exchange rate changes on cash                (501)             -                                                 ------------    ----------
Increase in cash and cash equivalents                91,144          6,205
Cash and cash equivalents, beginning of year          6,915            710                                                 ------------    ----------
Cash and cash equivalents, end of year           $   98,059       $  6,915                                                 ------------    ----------                                                 ------------    ----------

 


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MARCH 26, 2007 - 17:13 ET  Show Text
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Blue Pearl Reports Cash Flow From Operating Activities of US$75.4 Million in 2006
 
TORONTO, ONTARIO--(CCNMatthews - March 26, 2007) - Blue Pearl Mining Ltd. (TSX:BLE)(TSX:BLE.WT.A)(FRANKFURT:A6R) -

Highlights of 2006 reflecting acquisition of Thompson Creek Metals Company (TCMC) (all in U.S. dollars):

- Revenues for the fourth quarter and full year 2006 totaled $150.8 million -- all occurring from sales mainly of molybdenum in the 67 days following the acquisition -- amounting to approximately $2.25 million per day in the period October 26 to December 31, 2006.

- Cash flow from operating activities, mostly in the post-acquisition period, totaled $75.4 million.

- Company ended 2006 with cash balances of $98.1 million after paying, subsequent to closing, $61.5 million owed to the TCMC vendors relating to accounts receivable as provided for in the TCMC acquisition agreement. The Company's cash balances as of March 22, 2007 were approximately $135 million after also paying $64.3 million, including a prepayment premium, to discharge the Second Lien Credit Facility on March 15, 2007.

- Molybdenum production costs for output from the Thompson Creek and Endako mines averaged $6.28 per pound while realized prices on molybdenum sales averaged $25.74 per pound.

- Net loss of $20.6 million in 2006 includes $68.9 million of inventory purchase price adjustment included in operating expenses and a non-cash charge of $14.5 million for stock options compensation.

- Conference call and webcast for analysts and investors scheduled for March 27, at 10:00 a.m. Eastern

Blue Pearl Mining Ltd., the world's largest publicly traded, pure molybdenum producer, today announced financial results for the year ended December 31, 2006 prepared in accordance with Canadian generally accepted accounting principles. All dollar amounts are in U.S. dollars unless otherwise indicated.

Blue Pearl's revenues totaled $150.8 million in 2006, derived mainly from the sale of molybdenum products subsequent to the Company's acquisition on October 26, 2006 of Thompson Creek Metals Company (TCMC). No revenues were earned by Blue Pearl in 2005 as it was in the development stage.

Operating expenses in 2006, which were incurred by TCMC during the period October 26 to December 31, 2006, totaled $145.1 million. Included in operating expenses was an acquisition expense of $68.9 million related to the inventory portion of the TCMC purchase price adjustment. TCMC held 7.8 million pounds of molybdenum in inventory on the acquisition date and this inventory was deemed to be purchased by Blue Pearl, for accounting purposes, at fair value, resulting in an uplift of inventory costs of $98.5 million over the original book value. Of this, $68.9 million was charged to operating expenses in 2006 and the remaining $29.6 million is expected to be charged to operating expenses in the first quarter of 2007 as the related inventory is sold. Blue Pearl had no operating expenses in 2005.

Among the Company's other 2006 expenses was a non-cash charge of $14.5 million for stock-based compensation as a result of options being granted to 110 members of management, senior operations personnel, directors and other staff. Stock-based compensation in 2005 was $0.4 million.

General and administrative expenses totaled $4.6 million in 2006, compared with $1.5 million in 2005. Exploration and development expenses, which were mainly related to the Davidson Project, were $8.6 million in 2006 versus $2.3 million a year earlier.

Net loss for 2006 was $20.6 million or $0.36 per basic and diluted share, compared with a net loss for 2005 of $4.1 million or $0.13 per basic and diluted share. The per share figures are based on a weighted-average number of shares outstanding of 57,688,000 in 2006 and 31,879,000 in 2005. As of December 31, 2006, there were 100,528,000 shares outstanding.

Cash generated by operating activities totaled $75.4 million in 2006, compared with cash used of $2.7 million in 2005.

Cash balances were $98.1 million as at December 31, 2006 versus $6.9 million a year earlier.

During 2006, mainly to finance the TCMC acquisition, the Company raised $233.7 million from equity issues and incurred $401.9 million in long-term debt. In 2005, $9.8 million was raised from equity issues.

Total assets at the end of 2006 were $935.7 million, up from $8.4 million a year earlier.

Revenues in the fourth quarter of 2006 were $150.8 million. There were no revenues in the fourth quarter of 2005. Net loss was $12.4 million or $0.14 per basic and diluted share in the fourth quarter of 2006, compared with $2.5 million or $0.06 per basic and diluted share in the corresponding period of 2005.

In 2006, the Company, following the TCMC acquisition, produced 3.84 million pounds of molybdenum at an average production cost of $6.28 per pound. The Company's U.S. operations produced 2.47 million pounds at an average cost of $5.83 per pound while the Canadian operations produced 1.37 million pounds at an average cost of $7.30 per pound. The amounts produced reflect molybdenum produced at the Thompson Creek and Endako mines but do not include molybdenum purchased from third parties, roasted and sold by the Company. The average costs reflect production costs, including roasting costs, for molybdenum from the Thompson Creek and Endako mines only.

Outlook

The price of molybdenum, which averaged $4.50 per pound between 1994 and 2004, peaked at $40 per pound in June 2005 and has since moderated somewhat. In 2006, the average price of molybdenum remained historically strong at approximately $25 per pound. The expected trends in supply and demand for molybdenum suggest a positive near-term outlook for the price. Barring a world recession, demand for molybdenum is expected to continue to grow. In the absence of new supply coming from China and given numerous constraints on overall production growth outside of China, the price of molybdenum is expected to remain relatively strong in the near future.

As previously announced, the Company is expecting to produce 21 million pounds of molybdenum in 2007 and 27 million pounds in 2008 from its existing Thompson Creek and Endako mines. This production profile and the anticipated strong sales prices are expected to produce strong cash flow for the Company and to allow the Company to meet its cash requirements for operations, capital expenditures, debt payments and any contingent payment accruing during 2007.

One of the Company's goals is to reduce its long-term debt. As previously announced, the Company prepaid in full its $61.9 million Second Lien Credit Facility plus a prepayment premium of $2.5 million on March 15, 2007. The remaining bank debt of approximately $340 million (First Lien Credit Facility), on which the Company is required to pay principal of $18.75 million per quarter in 2007, can be prepaid without penalty and if molybdenum prices remain sufficiently strong then debt payments will be made above the scheduled minimum amounts. The Company's cash balances on March 22, 2007 were approximately $135 million. As of the end of March 2007, after the regular quarterly payment on the First Lien is made at month-end, Blue Pearl's bank debt is expected to be less than $320 million.

Both the Thompson Creek and Endako Mines are developing new plans based on a reevaluation of mineral resources and reserves assuming a long-term molybdenum price of $10 per pound and updated costs. Previous mine plans had assumed a long-term price of $5 per pound at Thompson Creek and $3.50 per pound at Endako. The new plans are expected to increase reserves and mine life at both operations when they are completed in 2007.

The Davidson Deposit, which is Canada's largest undeveloped molybdenum deposit, is important to the Company's future as it represents an opportunity for organic growth at low capital cost. The deposit's high-grade core is easily accessible with minimal impact to the environment. A feasibility study including a new mineral reserve estimate is currently underway and is expected to be completed during the second quarter of 2007.

Additional information on the Company's financial position is available in Blue Pearl's 2006 Financial Statements and Management's Discussion and Analysis, which will be filed with SEDAR (www.sedar.com) and posted on the Company's website (www.bluepearl.ca).

Conference call and webcast

Blue Pearl will hold a conference call for analysts and investors to discuss its 2006 financial results on March 27, 2007 at 10 a.m. (Eastern).

Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief Executive Officer, and Derek Price, Chief Financial Officer, will be available to answer questions during the call.

To participate in the call, please dial 416-695-6623 or 1-877-323-2090 about five minutes prior to the start of the call.

A live audio webcast of the conference call will be available at www.ccnmatthews.com and www.bluepearl.ca.

An archived recording of the call will be available at 416-695-5275 or 1-888-509-0081 (Passcode 641830) from 12:00 p.m. on March 27 to 11:59 p.m. on April 3. An archived recording of the webcast will also be available at Blue Pearl's website.

About Blue Pearl Mining Ltd.

Blue Pearl is the world's fifth-largest molybdenum producer. In October 2006, the Company purchased 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. Blue Pearl 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 Vancouver, British Columbia and Denver, Colorado (including sales and marketing). More information is available at www.bluepearl.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of Blue Pearl, its subsidiaries and its projects, the future price of molybdenum, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. 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 Blue Pearl 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, among others, general business, economic, competitive, political and social uncertainties; the anticipated benefits of the acquisition not occurring in the expected time frame or at all; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of molybdenum; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in Blue Pearl's short form prospectus dated October 13, 2006 which is available on SEDAR at www.sedar.com. Although Blue Pearl 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 Blue Pearl disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. 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. Blue Pearl undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The following are the Company's consolidated financial statements, excluding notes, for 2006 and 2005.



Consolidated Balance SheetsDecember 31, 2006 and 2005(US dollars in thousands)
                                                     2006            2005
Assets
Current assets Cash and cash equivalents                       $  98,059        $  6,915 Accounts receivable                                84,476             272 Product inventory                                 131,269               - Material and supplies inventory                    25,498               - Prepaid expenses                                    3,015              20 Income taxes recoverable                            1,195               - Future income and mining taxes                        468               -                                                 ------------    ----------                                                    343,980          7,207
Property, plant and equipment                       480,187          1,159Reclamation deposits                                 23,005              -Restricted cash                                       8,081             31Deferred finance fees                                13,267              -Future income and mining taxes                       20,902              -Goodwill                                             46,322              -                                                 ------------    ----------
                                                $  935,744       $  8,397                                                 ------------    ----------                                                 ------------    ----------
Liabilities
Current liabilities Accounts payable and accrued liabilities        $   38,794       $  1,348 Income taxes payable                                30,602              - Current portion of long-term debt                   77,284              - Future income and mining taxes                      17,237              -                                                 ------------    ----------                                                    163,917          1,348
Long-term debt                                      333,789              -Asset retirement obligations                         25,992            193Sales contract liability                             11,421              -Severance and retention                               8,008              -Future income and mining taxes                      168,566              -                                                 ------------    ----------
                                                   711,693          1,541                                                 ------------    ----------
Shareholders' Equity
Common shares                                       210,857         11,867Warrants                                             35,445            646Contributed surplus                                  14,953            422Deficit                                             (27,579)        (6,936)Foreign currency translation adjustment              (9,625)           857                                                 ------------    ----------
                                                   224,051          6,856                                                 ------------    ----------
                                                $  935,744       $  8,397                                                 ------------    ----------                                                 ------------    ----------

Consolidated Statements of LossDecember 31, 2006 and 2005(US dollars and share amounts in thousands, except per share amounts)
                                                      2006           2005
Revenues Molybdenum sales                                $  147,676       $      - Tolling and calcining                                3,167              -                                                 ------------    ----------
                                                   150,843              -                                                 ------------    ----------
Cost of sales Operating expenses                                 139,115              - Selling and marketing                                1,239              - Depreciation and depletion                           4,718              - Accretion                                               27              -                                                 ------------    ----------                                                    145,099              -                                                 ------------    ----------
Income from mining operations                         5,744              -
Other (income) expenses General and administrative                           4,568          1,470 Exploration and development                          8,635          2,313 Interest and finance fees                            9,139              - Stock-based compensation                            14,547            434 Interest income                                     (1,183)          (139) Other                                               (1,047)            35                                                 ------------    ----------
                                                    34,659          4,113                                                 ------------    ----------
Loss before income taxes                            (28,915)        (4,113)
Income and mining taxes (recoverable) Current                                             23,133              - Future                                             (31,405)             -                                                 ------------    ----------
                                                    (8,272)             -                                                 ------------    ----------
Net loss                                         $  (20,643)      $ (4,113)                                                 ------------    ----------                                                 ------------    ----------
Loss per share - basic and diluted               $    (0.36)      $  (0.13)                                                 ------------    ----------                                                 ------------    ----------
Weighted-average number of shares outstanding        57,688         31,879                                                 ------------    ----------                                                 ------------    ----------

Consolidated Statements of DeficitDecember 31, 2006 and 2005(US dollars in thousands)
                                                      2006           2005
Balance, beginning of year                       $   (6,936)      $ (2,823)Net loss                                            (20,643)        (4,113)                                                 ------------    ----------Balance, end of year                             $  (27,579)      $ (6,936)                                                 ------------    ----------                                                 ------------    ----------
Consolidated Statements of Cash FlowsDecember 31, 2006 and 2005(US dollars in thousands)
                                                      2006           2005
Operating Activities
Net loss                                         $  (20,643)      $ (4,113)Items not affecting cash: Depreciation and depletion                           4,718              - Accretion                                               27              - Amortization of finance fees                           406              - Stock-based compensation                            14,547            434 Future income and mining taxes                     (31,405)             - Unrealized derivative losses                           660              - Gain on sale of marketable securities                    -             (2)Change in non-cash working capital                  107,134            958                                                 ------------    ----------   Cash generated by (used in) operating    activities                                       75,444         (2,723)                                                 ------------    ----------
Investing Activities
Property, plant and equipment                        (4,514)             -Acquisitions, net of cash acquired                 (600,428)          (874)Restricted cash                                        (138)             -Proceeds from disposition of marketable securities                                               -             11Reclamation deposit                                    (235)           (31)                                                 ------------    ----------   Cash used in investing activities               (605,315)          (894)                                                 ------------    ----------
Financing Activities
Equity issues                                       233,701          9,822Long-term debt                                      401,855              -Finance fees                                        (13,673)             -Repayments of long-term debt                           (367)             -                                                 ------------    ----------
  Cash generated by financing activities           621,516          9,822                                                 ------------    ----------
Effect of exchange rate changes on cash                (501)             -                                                 ------------    ----------
Increase in cash and cash equivalents                91,144          6,205
Cash and cash equivalents, beginning of year          6,915            710                                                 ------------    ----------
Cash and cash equivalents, end of year           $   98,059       $  6,915                                                 ------------    ----------                                                 ------------    ----------

 


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MARCH 26, 2007 - 17:13 ET  Show Text
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Blue Pearl Reports Cash Flow From Operating Activities of US$75.4 Million in 2006
 
TORONTO, ONTARIO--(CCNMatthews - March 26, 2007) - Blue Pearl Mining Ltd. (TSX:BLE)(TSX:BLE.WT.A)(FRANKFURT:A6R) -

Highlights of 2006 reflecting acquisition of Thompson Creek Metals Company (TCMC) (all in U.S. dollars):

- Revenues for the fourth quarter and full year 2006 totaled $150.8 million -- all occurring from sales mainly of molybdenum in the 67 days following the acquisition -- amounting to approximately $2.25 million per day in the period October 26 to December 31, 2006.

- Cash flow from operating activities, mostly in the post-acquisition period, totaled $75.4 million.

- Company ended 2006 with cash balances of $98.1 million after paying, subsequent to closing, $61.5 million owed to the TCMC vendors relating to accounts receivable as provided for in the TCMC acquisition agreement. The Company's cash balances as of March 22, 2007 were approximately $135 million after also paying $64.3 million, including a prepayment premium, to discharge the Second Lien Credit Facility on March 15, 2007.

- Molybdenum production costs for output from the Thompson Creek and Endako mines averaged $6.28 per pound while realized prices on molybdenum sales averaged $25.74 per pound.

- Net loss of $20.6 million in 2006 includes $68.9 million of inventory purchase price adjustment included in operating expenses and a non-cash charge of $14.5 million for stock options compensation.

- Conference call and webcast for analysts and investors scheduled for March 27, at 10:00 a.m. Eastern

Blue Pearl Mining Ltd., the world's largest publicly traded, pure molybdenum producer, today announced financial results for the year ended December 31, 2006 prepared in accordance with Canadian generally accepted accounting principles. All dollar amounts are in U.S. dollars unless otherwise indicated.

Blue Pearl's revenues totaled $150.8 million in 2006, derived mainly from the sale of molybdenum products subsequent to the Company's acquisition on October 26, 2006 of Thompson Creek Metals Company (TCMC). No revenues were earned by Blue Pearl in 2005 as it was in the development stage.

Operating expenses in 2006, which were incurred by TCMC during the period October 26 to December 31, 2006, totaled $145.1 million. Included in operating expenses was an acquisition expense of $68.9 million related to the inventory portion of the TCMC purchase price adjustment. TCMC held 7.8 million pounds of molybdenum in inventory on the acquisition date and this inventory was deemed to be purchased by Blue Pearl, for accounting purposes, at fair value, resulting in an uplift of inventory costs of $98.5 million over the original book value. Of this, $68.9 million was charged to operating expenses in 2006 and the remaining $29.6 million is expected to be charged to operating expenses in the first quarter of 2007 as the related inventory is sold. Blue Pearl had no operating expenses in 2005.

Among the Company's other 2006 expenses was a non-cash charge of $14.5 million for stock-based compensation as a result of options being granted to 110 members of management, senior operations personnel, directors and other staff. Stock-based compensation in 2005 was $0.4 million.

General and administrative expenses totaled $4.6 million in 2006, compared with $1.5 million in 2005. Exploration and development expenses, which were mainly related to the Davidson Project, were $8.6 million in 2006 versus $2.3 million a year earlier.

Net loss for 2006 was $20.6 million or $0.36 per basic and diluted share, compared with a net loss for 2005 of $4.1 million or $0.13 per basic and diluted share. The per share figures are based on a weighted-average number of shares outstanding of 57,688,000 in 2006 and 31,879,000 in 2005. As of December 31, 2006, there were 100,528,000 shares outstanding.

Cash generated by operating activities totaled $75.4 million in 2006, compared with cash used of $2.7 million in 2005.

Cash balances were $98.1 million as at December 31, 2006 versus $6.9 million a year earlier.

During 2006, mainly to finance the TCMC acquisition, the Company raised $233.7 million from equity issues and incurred $401.9 million in long-term debt. In 2005, $9.8 million was raised from equity issues.

Total assets at the end of 2006 were $935.7 million, up from $8.4 million a year earlier.

Revenues in the fourth quarter of 2006 were $150.8 million. There were no revenues in the fourth quarter of 2005. Net loss was $12.4 million or $0.14 per basic and diluted share in the fourth quarter of 2006, compared with $2.5 million or $0.06 per basic and diluted share in the corresponding period of 2005.

In 2006, the Company, following the TCMC acquisition, produced 3.84 million pounds of molybdenum at an average production cost of $6.28 per pound. The Company's U.S. operations produced 2.47 million pounds at an average cost of $5.83 per pound while the Canadian operations produced 1.37 million pounds at an average cost of $7.30 per pound. The amounts produced reflect molybdenum produced at the Thompson Creek and Endako mines but do not include molybdenum purchased from third parties, roasted and sold by the Company. The average costs reflect production costs, including roasting costs, for molybdenum from the Thompson Creek and Endako mines only.

Outlook

The price of molybdenum, which averaged $4.50 per pound between 1994 and 2004, peaked at $40 per pound in June 2005 and has since moderated somewhat. In 2006, the average price of molybdenum remained historically strong at approximately $25 per pound. The expected trends in supply and demand for molybdenum suggest a positive near-term outlook for the price. Barring a world recession, demand for molybdenum is expected to continue to grow. In the absence of new supply coming from China and given numerous constraints on overall production growth outside of China, the price of molybdenum is expected to remain relatively strong in the near future.

As previously announced, the Company is expecting to produce 21 million pounds of molybdenum in 2007 and 27 million pounds in 2008 from its existing Thompson Creek and Endako mines. This production profile and the anticipated strong sales prices are expected to produce strong cash flow for the Company and to allow the Company to meet its cash requirements for operations, capital expenditures, debt payments and any contingent payment accruing during 2007.

One of the Company's goals is to reduce its long-term debt. As previously announced, the Company prepaid in full its $61.9 million Second Lien Credit Facility plus a prepayment premium of $2.5 million on March 15, 2007. The remaining bank debt of approximately $340 million (First Lien Credit Facility), on which the Company is required to pay principal of $18.75 million per quarter in 2007, can be prepaid without penalty and if molybdenum prices remain sufficiently strong then debt payments will be made above the scheduled minimum amounts. The Company's cash balances on March 22, 2007 were approximately $135 million. As of the end of March 2007, after the regular quarterly payment on the First Lien is made at month-end, Blue Pearl's bank debt is expected to be less than $320 million.

Both the Thompson Creek and Endako Mines are developing new plans based on a reevaluation of mineral resources and reserves assuming a long-term molybdenum price of $10 per pound and updated costs. Previous mine plans had assumed a long-term price of $5 per pound at Thompson Creek and $3.50 per pound at Endako. The new plans are expected to increase reserves and mine life at both operations when they are completed in 2007.

The Davidson Deposit, which is Canada's largest undeveloped molybdenum deposit, is important to the Company's future as it represents an opportunity for organic growth at low capital cost. The deposit's high-grade core is easily accessible with minimal impact to the environment. A feasibility study including a new mineral reserve estimate is currently underway and is expected to be completed during the second quarter of 2007.

Additional information on the Company's financial position is available in Blue Pearl's 2006 Financial Statements and Management's Discussion and Analysis, which will be filed with SEDAR (www.sedar.com) and posted on the Company's website (www.bluepearl.ca).

Conference call and webcast

Blue Pearl will hold a conference call for analysts and investors to discuss its 2006 financial results on March 27, 2007 at 10 a.m. (Eastern).

Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief Executive Officer, and Derek Price, Chief Financial Officer, will be available to answer questions during the call.

To participate in the call, please dial 416-695-6623 or 1-877-323-2090 about five minutes prior to the start of the call.

A live audio webcast of the conference call will be available at www.ccnmatthews.com and www.bluepearl.ca.

An archived recording of the call will be available at 416-695-5275 or 1-888-509-0081 (Passcode 641830) from 12:00 p.m. on March 27 to 11:59 p.m. on April 3. An archived recording of the webcast will also be available at Blue Pearl's website.

About Blue Pearl Mining Ltd.

Blue Pearl is the world's fifth-largest molybdenum producer. In October 2006, the Company purchased 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. Blue Pearl 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 Vancouver, British Columbia and Denver, Colorado (including sales and marketing). More information is available at www.bluepearl.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of Blue Pearl, its subsidiaries and its projects, the future price of molybdenum, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. 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 Blue Pearl 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, among others, general business, economic, competitive, political and social uncertainties; the anticipated benefits of the acquisition not occurring in the expected time frame or at all; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of molybdenum; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in Blue Pearl's short form prospectus dated October 13, 2006 which is available on SEDAR at www.sedar.com. Although Blue Pearl 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 Blue Pearl disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. 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. Blue Pearl undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The following are the Company's consolidated financial statements, excluding notes, for 2006 and 2005.



Consolidated Balance SheetsDecember 31, 2006 and 2005(US dollars in thousands)
                                                     2006            2005
Assets
Current assets Cash and cash equivalents                       $  98,059        $  6,915 Accounts receivable                                84,476             272 Product inventory                                 131,269               - Material and supplies inventory                    25,498               - Prepaid expenses                                    3,015              20 Income taxes recoverable                            1,195               - Future income and mining taxes                        468               -                                                 ------------    ----------                                                    343,980          7,207
Property, plant and equipment                       480,187          1,159Reclamation deposits                                 23,005              -Restricted cash                                       8,081             31Deferred finance fees                                13,267              -Future income and mining taxes                       20,902              -Goodwill                                             46,322              -                                                 ------------    ----------
                                                $  935,744       $  8,397                                                 ------------    ----------                                                 ------------    ----------
Liabilities
Current liabilities Accounts payable and accrued liabilities        $   38,794       $  1,348 Income taxes payable                                30,602              - Current portion of long-term debt                   77,284              - Future income and mining taxes                      17,237              -                                                 ------------    ----------                                                    163,917          1,348
Long-term debt                                      333,789              -Asset retirement obligations                         25,992            193Sales contract liability                             11,421              -Severance and retention                               8,008              -Future income and mining taxes                      168,566              -                                                 ------------    ----------
                                                   711,693          1,541                                                 ------------    ----------
Shareholders' Equity
Common shares                                       210,857         11,867Warrants                                             35,445            646Contributed surplus                                  14,953            422Deficit                                             (27,579)        (6,936)Foreign currency translation adjustment              (9,625)           857                                                 ------------    ----------
                                                   224,051          6,856                                                 ------------    ----------
                                                $  935,744       $  8,397                                                 ------------    ----------                                                 ------------    ----------

Consolidated Statements of LossDecember 31, 2006 and 2005(US dollars and share amounts in thousands, except per share amounts)
                                                      2006           2005
Revenues Molybdenum sales                                $  147,676       $      - Tolling and calcining                                3,167              -                                                 ------------    ----------
                                                   150,843              -                                                 ------------    ----------
Cost of sales Operating expenses                                 139,115              - Selling and marketing                                1,239              - Depreciation and depletion                           4,718              - Accretion                                               27              -                                                 ------------    ----------                                                    145,099              -                                                 ------------    ----------
Income from mining operations                         5,744              -
Other (income) expenses General and administrative                           4,568          1,470 Exploration and development                          8,635          2,313 Interest and finance fees                            9,139              - Stock-based compensation                            14,547            434 Interest income                                     (1,183)          (139) Other                                               (1,047)            35                                                 ------------    ----------
                                                    34,659          4,113                                                 ------------    ----------
Loss before income taxes                            (28,915)        (4,113)
Income and mining taxes (recoverable) Current                                             23,133              - Future                                             (31,405)             -                                                 ------------    ----------
                                                    (8,272)             -                                                 ------------    ----------
Net loss                                         $  (20,643)      $ (4,113)                                                 ------------    ----------                                                 ------------    ----------
Loss per share - basic and diluted               $    (0.36)      $  (0.13)                                                 ------------    ----------                                                 ------------    ----------
Weighted-average number of shares outstanding        57,688         31,879                                                 ------------    ----------                                                 ------------    ----------

Consolidated Statements of DeficitDecember 31, 2006 and 2005(US dollars in thousands)
                                                      2006           2005
Balance, beginning of year                       $   (6,936)      $ (2,823)Net loss                                            (20,643)        (4,113)                                                 ------------    ----------Balance, end of year                             $  (27,579)      $ (6,936)                                                 ------------    ----------                                                 ------------    ----------
Consolidated Statements of Cash FlowsDecember 31, 2006 and 2005(US dollars in thousands)
                                                      2006           2005
Operating Activities
Net loss                                         $  (20,643)      $ (4,113)Items not affecting cash: Depreciation and depletion                           4,718              - Accretion                                               27              - Amortization of finance fees                           406              - Stock-based compensation                            14,547            434 Future income and mining taxes                     (31,405)             - Unrealized derivative losses                           660              - Gain on sale of marketable securities                    -             (2)Change in non-cash working capital                  107,134            958                                                 ------------    ----------   Cash generated by (used in) operating    activities                                       75,444         (2,723)                                                 ------------    ----------
Investing Activities
Property, plant and equipment                        (4,514)             -Acquisitions, net of cash acquired                 (600,428)          (874)Restricted cash                                        (138)             -Proceeds from disposition of marketable securities                                               -             11Reclamation deposit                                    (235)           (31)                                                 ------------    ----------   Cash used in investing activities               (605,315)          (894)                                                 ------------    ----------
Financing Activities
Equity issues                                       233,701          9,822Long-term debt                                      401,855              -Finance fees                                        (13,673)             -Repayments of long-term debt                           (367)             -                                                 ------------    ----------
  Cash generated by financing activities           621,516          9,822                                                 ------------    ----------
Effect of exchange rate changes on cash                (501)             -                                                 ------------    ----------
Increase in cash and cash equivalents                91,144          6,205
Cash and cash equivalents, beginning of year          6,915            710                                                 ------------    ----------
Cash and cash equivalents, end of year           $   98,059       $  6,915                                                 ------------    ----------                                                 ------------    ----------

 


Shares outstanding: 108,019,658

 

MARCH 26, 2007 - 17:13 ET Show Text
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Blue Pearl Reports Cash Flow From Operating Activities of US$75.4 Million in 2006

TORONTO, ONTARIO--(CCNMatthews - March 26, 2007) - Blue Pearl Mining Ltd. (TSX:BLE)(TSX:BLE.WT.A)(FRANKFURT:A6R) -

Highlights of 2006 reflecting acquisition of Thompson Creek Metals Company (TCMC) (all in U.S. dollars):

- Revenues for the fourth quarter and full year 2006 totaled $150.8 million -- all occurring from sales mainly of molybdenum in the 67 days following the acquisition -- amounting to approximately $2.25 million per day in the period October 26 to December 31, 2006.

- Cash flow from operating activities, mostly in the post-acquisition period, totaled $75.4 million.

- Company ended 2006 with cash balances of $98.1 million after paying, subsequent to closing, $61.5 million owed to the TCMC vendors relating to accounts receivable as provided for in the TCMC acquisition agreement. The Company\'s cash balances as of March 22, 2007 were approximately $135 million after also paying $64.3 million, including a prepayment premium, to discharge the Second Lien Credit Facility on March 15, 2007.

- Molybdenum production costs for output from the Thompson Creek and Endako mines averaged $6.28 per pound while realized prices on molybdenum sales averaged $25.74 per pound.

- Net loss of $20.6 million in 2006 includes $68.9 million of inventory purchase price adjustment included in operating expenses and a non-cash charge of $14.5 million for stock options compensation.

- Conference call and webcast for analysts and investors scheduled for March 27, at 10:00 a.m. Eastern

Blue Pearl Mining Ltd., the world\'s largest publicly traded, pure molybdenum producer, today announced financial results for the year ended December 31, 2006 prepared in accordance with Canadian generally accepted accounting principles. All dollar amounts are in U.S. dollars unless otherwise indicated.

Blue Pearl\'s revenues totaled $150.8 million in 2006, derived mainly from the sale of molybdenum products subsequent to the Company\'s acquisition on October 26, 2006 of Thompson Creek Metals Company (TCMC). No revenues were earned by Blue Pearl in 2005 as it was in the development stage.

Operating expenses in 2006, which were incurred by TCMC during the period October 26 to December 31, 2006, totaled $145.1 million. Included in operating expenses was an acquisition expense of $68.9 million related to the inventory portion of the TCMC purchase price adjustment. TCMC held 7.8 million pounds of molybdenum in inventory on the acquisition date and this inventory was deemed to be purchased by Blue Pearl, for accounting purposes, at fair value, resulting in an uplift of inventory costs of $98.5 million over the original book value. Of this, $68.9 million was charged to operating expenses in 2006 and the remaining $29.6 million is expected to be charged to operating expenses in the first quarter of 2007 as the related inventory is sold. Blue Pearl had no operating expenses in 2005.

Among the Company\'s other 2006 expenses was a non-cash charge of $14.5 million for stock-based compensation as a result of options being granted to 110 members of management, senior operations personnel, directors and other staff. Stock-based compensation in 2005 was $0.4 million.

General and administrative expenses totaled $4.6 million in 2006, compared with $1.5 million in 2005. Exploration and development expenses, which were mainly related to the Davidson Project, were $8.6 million in 2006 versus $2.3 million a year earlier.

Net loss for 2006 was $20.6 million or $0.36 per basic and diluted share, compared with a net loss for 2005 of $4.1 million or $0.13 per basic and diluted share. The per share figures are based on a weighted-average number of shares outstanding of 57,688,000 in 2006 and 31,879,000 in 2005. As of December 31, 2006, there were 100,528,000 shares outstanding.

Cash generated by operating activities totaled $75.4 million in 2006, compared with cash used of $2.7 million in 2005.

Cash balances were $98.1 million as at December 31, 2006 versus $6.9 million a year earlier.

During 2006, mainly to finance the TCMC acquisition, the Company raised $233.7 million from equity issues and incurred $401.9 million in long-term debt. In 2005, $9.8 million was raised from equity issues.

Total assets at the end of 2006 were $935.7 million, up from $8.4 million a year earlier.

Revenues in the fourth quarter of 2006 were $150.8 million. There were no revenues in the fourth quarter of 2005. Net loss was $12.4 million or $0.14 per basic and diluted share in the fourth quarter of 2006, compared with $2.5 million or $0.06 per basic and diluted share in the corresponding period of 2005.

In 2006, the Company, following the TCMC acquisition, produced 3.84 million pounds of molybdenum at an average production cost of $6.28 per pound. The Company\'s U.S. operations produced 2.47 million pounds at an average cost of $5.83 per pound while the Canadian operations produced 1.37 million pounds at an average cost of $7.30 per pound. The amounts produced reflect molybdenum produced at the Thompson Creek and Endako mines but do not include molybdenum purchased from third parties, roasted and sold by the Company. The average costs reflect production costs, including roasting costs, for molybdenum from the Thompson Creek and Endako mines only.

Outlook

The price of molybdenum, which averaged $4.50 per pound between 1994 and 2004, peaked at $40 per pound in June 2005 and has since moderated somewhat. In 2006, the average price of molybdenum remained historically strong at approximately $25 per pound. The expected trends in supply and demand for molybdenum suggest a positive near-term outlook for the price. Barring a world recession, demand for molybdenum is expected to continue to grow. In the absence of new supply coming from China and given numerous constraints on overall production growth outside of China, the price of molybdenum is expected to remain relatively strong in the near future.

As previously announced, the Company is expecting to produce 21 million pounds of molybdenum in 2007 and 27 million pounds in 2008 from its existing Thompson Creek and Endako mines. This production profile and the anticipated strong sales prices are expected to produce strong cash flow for the Company and to allow the Company to meet its cash requirements for operations, capital expenditures, debt payments and any contingent payment accruing during 2007.

One of the Company\'s goals is to reduce its long-term debt. As previously announced, the Company prepaid in full its $61.9 million Second Lien Credit Facility plus a prepayment premium of $2.5 million on March 15, 2007. The remaining bank debt of approximately $340 million (First Lien Credit Facility), on which the Company is required to pay principal of $18.75 million per quarter in 2007, can be prepaid without penalty and if molybdenum prices remain sufficiently strong then debt payments will be made above the scheduled minimum amounts. The Company\'s cash balances on March 22, 2007 were approximately $135 million. As of the end of March 2007, after the regular quarterly payment on the First Lien is made at month-end, Blue Pearl\'s bank debt is expected to be less than $320 million.

Both the Thompson Creek and Endako Mines are developing new plans based on a reevaluation of mineral resources and reserves assuming a long-term molybdenum price of $10 per pound and updated costs. Previous mine plans had assumed a long-term price of $5 per pound at Thompson Creek and $3.50 per pound at Endako. The new plans are expected to increase reserves and mine life at both operations when they are completed in 2007.

The Davidson Deposit, which is Canada\'s largest undeveloped molybdenum deposit, is important to the Company\'s Future as it represents an opportunity for organic growth at low capital cost. The deposit\'s high-grade core is easily accessible with minimal impact to the environment. A feasibility study including a new mineral reserve estimate is currently underway and is expected to be completed during the second quarter of 2007.

Additional information on the Company\'s financial position is available in Blue Pearl\'s 2006 Financial Statements and Management\'s Discussion and Analysis, which will be filed with SEDAR (www.sedar.com) and posted on the Company\'s website (www.bluepearl.ca).

Conference call and webcast

Blue Pearl will hold a conference call for analysts and investors to discuss its 2006 financial results on March 27, 2007 at 10 a.m. (Eastern).

Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief Executive Officer, and Derek Price, Chief Financial Officer, will be available to answer questions during the call.

To participate in the call, please dial 416-695-6623 or 1-877-323-2090 about five minutes prior to the start of the call.

A live audio webcast of the conference call will be available at www.ccnmatthews.com and www.bluepearl.ca.

An archived recording of the call will be available at 416-695-5275 or 1-888-509-0081 (Passcode 641830) from 12:00 p.m. on March 27 to 11:59 p.m. on April 3. An archived recording of the webcast will also be available at Blue Pearl\'s website.

About Blue Pearl Mining Ltd.

Blue Pearl is the world\'s fifth-largest molybdenum producer. In October 2006, the Company purchased 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. Blue Pearl 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 Vancouver, British Columbia and Denver, Colorado (including sales and marketing). More information is available at www.bluepearl.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of Blue Pearl, its subsidiaries and its projects, the future price of molybdenum, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. 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 Blue Pearl 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, among others, general business, economic, competitive, political and social uncertainties; the anticipated benefits of the acquisition not occurring in the expected time frame or at all; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of molybdenum; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in Blue Pearl\'s short form prospectus dated October 13, 2006 which is available on SEDAR at www.sedar.com. Although Blue Pearl 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 Blue Pearl disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. 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. Blue Pearl undertakes no obligation to update forward-looking statements if circumstances or management\'s estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The following are the Company\'s consolidated financial statements, excluding notes, for 2006 and 2005.



Consolidated Balance SheetsDecember 31, 2006 and 2005(US dollars in thousands)
2006 2005
Assets
Current assets Cash and cash equivalents $ 98,059 $ 6,915 Accounts receivable 84,476 272 Product inventory 131,269 - Material and supplies inventory 25,498 - Prepaid expenses 3,015 20 Income taxes recoverable 1,195 - Future income and mining taxes 468 - ------------ ---------- 343,980 7,207
Property, plant and equipment 480,187 1,159Reclamation deposits 23,005 -Restricted cash 8,081 31Deferred finance fees 13,267 -Future income and mining taxes 20,902 -Goodwill 46,322 - ------------ ----------
$ 935,744 $ 8,397 ------------ ---------- ------------ ----------
Liabilities
Current liabilities Accounts payable and accrued liabilities $ 38,794 $ 1,348 Income taxes payable 30,602 - Current portion of long-term debt 77,284 - Future income and mining taxes 17,237 - ------------ ---------- 163,917 1,348
Long-term debt 333,789 -Asset retirement obligations 25,992 193Sales contract liability 11,421 -Severance and retention 8,008 -Future income and mining taxes 168,566 - ------------ ----------
711,693 1,541 ------------ ----------
Shareholders\' Equity
Common shares 210,857 11,867Warrants 35,445 646Contributed surplus 14,953 422Deficit (27,579) (6,936)Foreign currency translation adjustment (9,625) 857 ------------ ----------
224,051 6,856 ------------ ----------
$ 935,744 $ 8,397 ------------ ---------- ------------ ----------

Consolidated Statements of LossDecember 31, 2006 and 2005(US dollars and share amounts in thousands, except per share amounts)
2006 2005
Revenues Molybdenum sales $ 147,676 $ - Tolling and calcining 3,167 - ------------ ----------
150,843 - ------------ ----------
Cost of sales Operating expenses 139,115 - Selling and marketing 1,239 - Depreciation and depletion 4,718 - Accretion 27 - ------------ ---------- 145,099 - ------------ ----------
Income from mining operations 5,744 -
Other (income) expenses General and administrative 4,568 1,470 Exploration and development 8,635 2,313 Interest and finance fees 9,139 - Stock-based compensation 14,547 434 Interest income (1,183) (139) Other (1,047) 35 ------------ ----------
34,659 4,113 ------------ ----------
Loss before income taxes (28,915) (4,113)
Income and mining taxes (recoverable) Current 23,133 - Future (31,405) - ------------ ----------
(8,272) - ------------ ----------
Net loss $ (20,643) $ (4,113) ------------ ---------- ------------ ----------
Loss per share - basic and diluted $ (0.36) $ (0.13) ------------ ---------- ------------ ----------
Weighted-average number of shares outstanding 57,688 31,879 ------------ ---------- ------------ ----------

Consolidated Statements of DeficitDecember 31, 2006 and 2005(US dollars in thousands)
2006 2005
Balance, beginning of year $ (6,936) $ (2,823)Net loss (20,643) (4,113) ------------ ----------Balance, end of year $ (27,579) $ (6,936) ------------ ---------- ------------ ----------
Consolidated Statements of Cash FlowsDecember 31, 2006 and 2005(US dollars in thousands)
2006 2005
Operating Activities
Net loss $ (20,643) $ (4,113)Items not affecting cash: Depreciation and depletion 4,718 - Accretion 27 - Amortization of finance fees 406 - Stock-based compensation 14,547 434 Future income and mining taxes (31,405) - Unrealized derivative losses 660 - Gain on sale of marketable securities - (2)Change in non-cash working capital 107,134 958 ------------ ---------- Cash generated by (used in) operating activities 75,444 (2,723) ------------ ----------
Investing Activities
Property, plant and equipment (4,514) -Acquisitions, net of cash acquired (600,428) (874)Restricted cash (138) -Proceeds from disposition of marketable securities - 11Reclamation deposit (235) (31) ------------ ---------- Cash used in investing activities (605,315) (894) ------------ ----------
Financing Activities
Equity issues 233,701 9,822Long-term debt 401,855 -Finance fees (13,673) -Repayments of long-term debt (367) - ------------ ----------
Cash generated by financing activities 621,516 9,822 ------------ ----------
Effect of exchange rate changes on cash (501) - ------------ ----------
Increase in cash and cash equivalents 91,144 6,205
Cash and cash equivalents, beginning of year 6,915 710 ------------ ----------
Cash and cash equivalents, end of year $ 98,059 $ 6,915 ------------ ---------- ------------ ----------

 

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MARCH 26, 2007 - 17:13 ET Show Text
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Blue Pearl Reports Cash Flow From Operating Activities of US$75.4 Million in 2006

TORONTO, ONTARIO--(CCNMatthews - March 26, 2007) - Blue Pearl Mining Ltd. (TSX:BLE)(TSX:BLE.WT.A)(FRANKFURT:A6R) -

Highlights of 2006 reflecting acquisition of Thompson Creek Metals Company (TCMC) (all in U.S. dollars):

- Revenues for the fourth quarter and full year 2006 totaled $150.8 million -- all occurring from sales mainly of molybdenum in the 67 days following the acquisition -- amounting to approximately $2.25 million per day in the period October 26 to December 31, 2006.

- Cash flow from operating activities, mostly in the post-acquisition period, totaled $75.4 million.

- Company ended 2006 with cash balances of $98.1 million after paying, subsequent to closing, $61.5 million owed to the TCMC vendors relating to accounts receivable as provided for in the TCMC acquisition agreement. The Company\'s cash balances as of March 22, 2007 were approximately $135 million after also paying $64.3 million, including a prepayment premium, to discharge the Second Lien Credit Facility on March 15, 2007.

- Molybdenum production costs for output from the Thompson Creek and Endako mines averaged $6.28 per pound while realized prices on molybdenum sales averaged $25.74 per pound.

- Net loss of $20.6 million in 2006 includes $68.9 million of inventory purchase price adjustment included in operating expenses and a non-cash charge of $14.5 million for stock options compensation.

- Conference call and webcast for analysts and investors scheduled for March 27, at 10:00 a.m. Eastern

Blue Pearl Mining Ltd., the world\'s largest publicly traded, pure molybdenum producer, today announced financial results for the year ended December 31, 2006 prepared in accordance with Canadian generally accepted accounting principles. All dollar amounts are in U.S. dollars unless otherwise indicated.

Blue Pearl\'s revenues totaled $150.8 million in 2006, derived mainly from the sale of molybdenum products subsequent to the Company\'s acquisition on October 26, 2006 of Thompson Creek Metals Company (TCMC). No revenues were earned by Blue Pearl in 2005 as it was in the development stage.

Operating expenses in 2006, which were incurred by TCMC during the period October 26 to December 31, 2006, totaled $145.1 million. Included in operating expenses was an acquisition expense of $68.9 million related to the inventory portion of the TCMC purchase price adjustment. TCMC held 7.8 million pounds of molybdenum in inventory on the acquisition date and this inventory was deemed to be purchased by Blue Pearl, for accounting purposes, at fair value, resulting in an uplift of inventory costs of $98.5 million over the original book value. Of this, $68.9 million was charged to operating expenses in 2006 and the remaining $29.6 million is expected to be charged to operating expenses in the first quarter of 2007 as the related inventory is sold. Blue Pearl had no operating expenses in 2005.

Among the Company\'s other 2006 expenses was a non-cash charge of $14.5 million for stock-based compensation as a result of options being granted to 110 members of management, senior operations personnel, directors and other staff. Stock-based compensation in 2005 was $0.4 million.

General and administrative expenses totaled $4.6 million in 2006, compared with $1.5 million in 2005. Exploration and development expenses, which were mainly related to the Davidson Project, were $8.6 million in 2006 versus $2.3 million a year earlier.

Net loss for 2006 was $20.6 million or $0.36 per basic and diluted share, compared with a net loss for 2005 of $4.1 million or $0.13 per basic and diluted share. The per share figures are based on a weighted-average number of shares outstanding of 57,688,000 in 2006 and 31,879,000 in 2005. As of December 31, 2006, there were 100,528,000 shares outstanding.

Cash generated by operating activities totaled $75.4 million in 2006, compared with cash used of $2.7 million in 2005.

Cash balances were $98.1 million as at December 31, 2006 versus $6.9 million a year earlier.

During 2006, mainly to finance the TCMC acquisition, the Company raised $233.7 million from equity issues and incurred $401.9 million in long-term debt. In 2005, $9.8 million was raised from equity issues.

Total assets at the end of 2006 were $935.7 million, up from $8.4 million a year earlier.

Revenues in the fourth quarter of 2006 were $150.8 million. There were no revenues in the fourth quarter of 2005. Net loss was $12.4 million or $0.14 per basic and diluted share in the fourth quarter of 2006, compared with $2.5 million or $0.06 per basic and diluted share in the corresponding period of 2005.

In 2006, the Company, following the TCMC acquisition, produced 3.84 million pounds of molybdenum at an average production cost of $6.28 per pound. The Company\'s U.S. operations produced 2.47 million pounds at an average cost of $5.83 per pound while the Canadian operations produced 1.37 million pounds at an average cost of $7.30 per pound. The amounts produced reflect molybdenum produced at the Thompson Creek and Endako mines but do not include molybdenum purchased from third parties, roasted and sold by the Company. The average costs reflect production costs, including roasting costs, for molybdenum from the Thompson Creek and Endako mines only.

Outlook

The price of molybdenum, which averaged $4.50 per pound between 1994 and 2004, peaked at $40 per pound in June 2005 and has since moderated somewhat. In 2006, the average price of molybdenum remained historically strong at approximately $25 per pound. The expected trends in supply and demand for molybdenum suggest a positive near-term outlook for the price. Barring a world recession, demand for molybdenum is expected to continue to grow. In the absence of new supply coming from China and given numerous constraints on overall production growth outside of China, the price of molybdenum is expected to remain relatively strong in the near future.

As previously announced, the Company is expecting to produce 21 million pounds of molybdenum in 2007 and 27 million pounds in 2008 from its existing Thompson Creek and Endako mines. This production profile and the anticipated strong sales prices are expected to produce strong cash flow for the Company and to allow the Company to meet its cash requirements for operations, capital expenditures, debt payments and any contingent payment accruing during 2007.

One of the Company\'s goals is to reduce its long-term debt. As previously announced, the Company prepaid in full its $61.9 million Second Lien Credit Facility plus a prepayment premium of $2.5 million on March 15, 2007. The remaining bank debt of approximately $340 million (First Lien Credit Facility), on which the Company is required to pay principal of $18.75 million per quarter in 2007, can be prepaid without penalty and if molybdenum prices remain sufficiently strong then debt payments will be made above the scheduled minimum amounts. The Company\'s cash balances on March 22, 2007 were approximately $135 million. As of the end of March 2007, after the regular quarterly payment on the First Lien is made at month-end, Blue Pearl\'s bank debt is expected to be less than $320 million.

Both the Thompson Creek and Endako Mines are developing new plans based on a reevaluation of mineral resources and reserves assuming a long-term molybdenum price of $10 per pound and updated costs. Previous mine plans had assumed a long-term price of $5 per pound at Thompson Creek and $3.50 per pound at Endako. The new plans are expected to increase reserves and mine life at both operations when they are completed in 2007.

The Davidson Deposit, which is Canada\'s largest undeveloped molybdenum deposit, is important to the Company\'s Future as it represents an opportunity for organic growth at low capital cost. The deposit\'s high-grade core is easily accessible with minimal impact to the environment. A feasibility study including a new mineral reserve estimate is currently underway and is expected to be completed during the second quarter of 2007.

Additional information on the Company\'s financial position is available in Blue Pearl\'s 2006 Financial Statements and Management\'s Discussion and Analysis, which will be filed with SEDAR (www.sedar.com) and posted on the Company\'s website (www.bluepearl.ca).

Conference call and webcast

Blue Pearl will hold a conference call for analysts and investors to discuss its 2006 financial results on March 27, 2007 at 10 a.m. (Eastern).

Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief Executive Officer, and Derek Price, Chief Financial Officer, will be available to answer questions during the call.

To participate in the call, please dial 416-695-6623 or 1-877-323-2090 about five minutes prior to the start of the call.

A live audio webcast of the conference call will be available at www.ccnmatthews.com and www.bluepearl.ca.

An archived recording of the call will be available at 416-695-5275 or 1-888-509-0081 (Passcode 641830) from 12:00 p.m. on March 27 to 11:59 p.m. on April 3. An archived recording of the webcast will also be available at Blue Pearl\'s website.

About Blue Pearl Mining Ltd.

Blue Pearl is the world\'s fifth-largest molybdenum producer. In October 2006, the Company purchased 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. Blue Pearl 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 Vancouver, British Columbia and Denver, Colorado (including sales and marketing). More information is available at www.bluepearl.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of Blue Pearl, its subsidiaries and its projects, the future price of molybdenum, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. 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 Blue Pearl 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, among others, general business, economic, competitive, political and social uncertainties; the anticipated benefits of the acquisition not occurring in the expected time frame or at all; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of molybdenum; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in Blue Pearl\'s short form prospectus dated October 13, 2006 which is available on SEDAR at www.sedar.com. Although Blue Pearl 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 Blue Pearl disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. 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. Blue Pearl undertakes no obligation to update forward-looking statements if circumstances or management\'s estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The following are the Company\'s consolidated financial statements, excluding notes, for 2006 and 2005.



Consolidated Balance SheetsDecember 31, 2006 and 2005(US dollars in thousands)
2006 2005
Assets
Current assets Cash and cash equivalents $ 98,059 $ 6,915 Accounts receivable 84,476 272 Product inventory 131,269 - Material and supplies inventory 25,498 - Prepaid expenses 3,015 20 Income taxes recoverable 1,195 - Future income and mining taxes 468 - ------------ ---------- 343,980 7,207
Property, plant and equipment 480,187 1,159Reclamation deposits 23,005 -Restricted cash 8,081 31Deferred finance fees 13,267 -Future income and mining taxes 20,902 -Goodwill 46,322 - ------------ ----------
$ 935,744 $ 8,397 ------------ ---------- ------------ ----------
Liabilities
Current liabilities Accounts payable and accrued liabilities $ 38,794 $ 1,348 Income taxes payable 30,602 - Current portion of long-term debt 77,284 - Future income and mining taxes 17,237 - ------------ ---------- 163,917 1,348
Long-term debt 333,789 -Asset retirement obligations 25,992 193Sales contract liability 11,421 -Severance and retention 8,008 -Future income and mining taxes 168,566 - ------------ ----------
711,693 1,541 ------------ ----------
Shareholders\' Equity
Common shares 210,857 11,867Warrants 35,445 646Contributed surplus 14,953 422Deficit (27,579) (6,936)Foreign currency translation adjustment (9,625) 857 ------------ ----------
224,051 6,856 ------------ ----------
$ 935,744 $ 8,397 ------------ ---------- ------------ ----------

Consolidated Statements of LossDecember 31, 2006 and 2005(US dollars and share amounts in thousands, except per share amounts)
2006 2005
Revenues Molybdenum sales $ 147,676 $ - Tolling and calcining 3,167 - ------------ ----------
150,843 - ------------ ----------
Cost of sales Operating expenses 139,115 - Selling and marketing 1,239 - Depreciation and depletion 4,718 - Accretion 27 - ------------ ---------- 145,099 - ------------ ----------
Income from mining operations 5,744 -
Other (income) expenses General and administrative 4,568 1,470 Exploration and development 8,635 2,313 Interest and finance fees 9,139 - Stock-based compensation 14,547 434 Interest income (1,183) (139) Other (1,047) 35 ------------ ----------
34,659 4,113 ------------ ----------
Loss before income taxes (28,915) (4,113)
Income and mining taxes (recoverable) Current 23,133 - Future (31,405) - ------------ ----------
(8,272) - ------------ ----------
Net loss $ (20,643) $ (4,113) ------------ ---------- ------------ ----------
Loss per share - basic and diluted $ (0.36) $ (0.13) ------------ ---------- ------------ ----------
Weighted-average number of shares outstanding 57,688 31,879 ------------ ---------- ------------ ----------

Consolidated Statements of DeficitDecember 31, 2006 and 2005(US dollars in thousands)
2006 2005
Balance, beginning of year $ (6,936) $ (2,823)Net loss (20,643) (4,113) ------------ ----------Balance, end of year $ (27,579) $ (6,936) ------------ ---------- ------------ ----------
Consolidated Statements of Cash FlowsDecember 31, 2006 and 2005(US dollars in thousands)
2006 2005
Operating Activities
Net loss $ (20,643) $ (4,113)Items not affecting cash: Depreciation and depletion 4,718 - Accretion 27 - Amortization of finance fees 406 - Stock-based compensation 14,547 434 Future income and mining taxes (31,405) - Unrealized derivative losses 660 - Gain on sale of marketable securities - (2)Change in non-cash working capital 107,134 958 ------------ ---------- Cash generated by (used in) operating activities 75,444 (2,723) ------------ ----------
Investing Activities
Property, plant and equipment (4,514) -Acquisitions, net of cash acquired (600,428) (874)Restricted cash (138) -Proceeds from disposition of marketable securities - 11Reclamation deposit (235) (31) ------------ ---------- Cash used in investing activities (605,315) (894) ------------ ----------
Financing Activities
Equity issues 233,701 9,822Long-term debt 401,855 -Finance fees (13,673) -Repayments of long-term debt (367) - ------------ ----------
Cash generated by financing activities 621,516 9,822 ------------ ----------
Effect of exchange rate changes on cash (501) - ------------ ----------
Increase in cash and cash equivalents 91,144 6,205
Cash and cash equivalents, beginning of year 6,915 710 ------------ ----------
Cash and cash equivalents, end of year $ 98,059 $ 6,915 ------------ ---------- ------------ ----------




Shares outstanding: 108,019,658


 

Blue Pearl Reports Cash Flow From Operating Activities of US$75.4 Million in 2006
 
TORONTO, ONTARIO--(CCNMatthews - March 26, 2007) - Blue Pearl Mining Ltd. (TSX:BLE)(TSX:BLE.WT.A)(FRANKFURT:A6R) -

Highlights of 2006 reflecting acquisition of Thompson Creek Metals Company (TCMC) (all in U.S. dollars):

- Revenues for the fourth quarter and full year 2006 totaled $150.8 million -- all occurring from sales mainly of molybdenum in the 67 days following the acquisition -- amounting to approximately $2.25 million per day in the period October 26 to December 31, 2006.

- Cash flow from operating activities, mostly in the post-acquisition period, totaled $75.4 million.

- Company ended 2006 with cash balances of $98.1 million after paying, subsequent to closing, $61.5 million owed to the TCMC vendors relating to accounts receivable as provided for in the TCMC acquisition agreement. The Company's cash balances as of March 22, 2007 were approximately $135 million after also paying $64.3 million, including a prepayment premium, to discharge the Second Lien Credit Facility on March 15, 2007.

- Molybdenum production costs for output from the Thompson Creek and Endako mines averaged $6.28 per pound while realized prices on molybdenum sales averaged $25.74 per pound.

- Net loss of $20.6 million in 2006 includes $68.9 million of inventory purchase price adjustment included in operating expenses and a non-cash charge of $14.5 million for stock options compensation.

- Conference call and webcast for analysts and investors scheduled for March 27, at 10:00 a.m. Eastern

Blue Pearl Mining Ltd., the world's largest publicly traded, pure molybdenum producer, today announced financial results for the year ended December 31, 2006 prepared in accordance with Canadian generally accepted accounting principles. All dollar amounts are in U.S. dollars unless otherwise indicated.

Blue Pearl's revenues totaled $150.8 million in 2006, derived mainly from the sale of molybdenum products subsequent to the Company's acquisition on October 26, 2006 of Thompson Creek Metals Company (TCMC). No revenues were earned by Blue Pearl in 2005 as it was in the development stage.

Operating expenses in 2006, which were incurred by TCMC during the period October 26 to December 31, 2006, totaled $145.1 million. Included in operating expenses was an acquisition expense of $68.9 million related to the inventory portion of the TCMC purchase price adjustment. TCMC held 7.8 million pounds of molybdenum in inventory on the acquisition date and this inventory was deemed to be purchased by Blue Pearl, for accounting purposes, at fair value, resulting in an uplift of inventory costs of $98.5 million over the original book value. Of this, $68.9 million was charged to operating expenses in 2006 and the remaining $29.6 million is expected to be charged to operating expenses in the first quarter of 2007 as the related inventory is sold. Blue Pearl had no operating expenses in 2005.

Among the Company's other 2006 expenses was a non-cash charge of $14.5 million for stock-based compensation as a result of options being granted to 110 members of management, senior operations personnel, directors and other staff. Stock-based compensation in 2005 was $0.4 million.

General and administrative expenses totaled $4.6 million in 2006, compared with $1.5 million in 2005. Exploration and development expenses, which were mainly related to the Davidson Project, were $8.6 million in 2006 versus $2.3 million a year earlier.

Net loss for 2006 was $20.6 million or $0.36 per basic and diluted share, compared with a net loss for 2005 of $4.1 million or $0.13 per basic and diluted share. The per share figures are based on a weighted-average number of shares outstanding of 57,688,000 in 2006 and 31,879,000 in 2005. As of December 31, 2006, there were 100,528,000 shares outstanding.

Cash generated by operating activities totaled $75.4 million in 2006, compared with cash used of $2.7 million in 2005.

Cash balances were $98.1 million as at December 31, 2006 versus $6.9 million a year earlier.

During 2006, mainly to finance the TCMC acquisition, the Company raised $233.7 million from equity issues and incurred $401.9 million in long-term debt. In 2005, $9.8 million was raised from equity issues.

Total assets at the end of 2006 were $935.7 million, up from $8.4 million a year earlier.

Revenues in the fourth quarter of 2006 were $150.8 million. There were no revenues in the fourth quarter of 2005. Net loss was $12.4 million or $0.14 per basic and diluted share in the fourth quarter of 2006, compared with $2.5 million or $0.06 per basic and diluted share in the corresponding period of 2005.

In 2006, the Company, following the TCMC acquisition, produced 3.84 million pounds of molybdenum at an average production cost of $6.28 per pound. The Company's U.S. operations produced 2.47 million pounds at an average cost of $5.83 per pound while the Canadian operations produced 1.37 million pounds at an average cost of $7.30 per pound. The amounts produced reflect molybdenum produced at the Thompson Creek and Endako mines but do not include molybdenum purchased from third parties, roasted and sold by the Company. The average costs reflect production costs, including roasting costs, for molybdenum from the Thompson Creek and Endako mines only.

Outlook

The price of molybdenum, which averaged $4.50 per pound between 1994 and 2004, peaked at $40 per pound in June 2005 and has since moderated somewhat. In 2006, the average price of molybdenum remained historically strong at approximately $25 per pound. The expected trends in supply and demand for molybdenum suggest a positive near-term outlook for the price. Barring a world recession, demand for molybdenum is expected to continue to grow. In the absence of new supply coming from China and given numerous constraints on overall production growth outside of China, the price of molybdenum is expected to remain relatively strong in the near future.

As previously announced, the Company is expecting to produce 21 million pounds of molybdenum in 2007 and 27 million pounds in 2008 from its existing Thompson Creek and Endako mines. This production profile and the anticipated strong sales prices are expected to produce strong cash flow for the Company and to allow the Company to meet its cash requirements for operations, capital expenditures, debt payments and any contingent payment accruing during 2007.

One of the Company's goals is to reduce its long-term debt. As previously announced, the Company prepaid in full its $61.9 million Second Lien Credit Facility plus a prepayment premium of $2.5 million on March 15, 2007. The remaining bank debt of approximately $340 million (First Lien Credit Facility), on which the Company is required to pay principal of $18.75 million per quarter in 2007, can be prepaid without penalty and if molybdenum prices remain sufficiently strong then debt payments will be made above the scheduled minimum amounts. The Company's cash balances on March 22, 2007 were approximately $135 million. As of the end of March 2007, after the regular quarterly payment on the First Lien is made at month-end, Blue Pearl's bank debt is expected to be less than $320 million.

Both the Thompson Creek and Endako Mines are developing new plans based on a reevaluation of mineral resources and reserves assuming a long-term molybdenum price of $10 per pound and updated costs. Previous mine plans had assumed a long-term price of $5 per pound at Thompson Creek and $3.50 per pound at Endako. The new plans are expected to increase reserves and mine life at both operations when they are completed in 2007.

The Davidson Deposit, which is Canada's largest undeveloped molybdenum deposit, is important to the Company's future as it represents an opportunity for organic growth at low capital cost. The deposit's high-grade core is easily accessible with minimal impact to the environment. A feasibility study including a new mineral reserve estimate is currently underway and is expected to be completed during the second quarter of 2007.

Additional information on the Company's financial position is available in Blue Pearl's 2006 Financial Statements and Management's Discussion and Analysis, which will be filed with SEDAR (www.sedar.com) and posted on the Company's website (www.bluepearl.ca).


 

wurde mit 5 Min Verspätung angezeigt. rotwerd  

nachdem ich mal die Q4 zahlen mal überflogen und ein wenig studiert habe.....kann ich nur sagen WWWWOOOOOOOOWWWW.....die die mich kennen,wissen das ich lieber tief stapel.....aber die zahlen haben selbst mich überrascht.....ist der hammer.....muß mir das noch in aller ruhe mal reinziehen *gggggggggggggggg*
immo bekomme ich das grinsen nicht aus meinen gesicht ;-)
das kann morgen ja nen FETTER GRÜNER TAG WERDEN *gg*
aber das beste sind die user im stockh. forum

"The German Guys are really lovly.
They have no idea how to deal with the figures.
Good ??? BAD?????
No idea even Germans )))))))
They are wating for us to tell them the hole story."

hey maid (HofRad).....i thing you have no idea about us ;-)
we made money with this share while the canadian was thinking about be british ;-)
*only a joke*

mfg
me


 

ach BPearl .... is doch egal.....die zahlen sind so gut,die kann man ruhig öfters posten *gg*
egal....ich geh nun ins bett und freu mich moegen auf die mega blue pearl party ;-)
gn8@all ;-)

mfg
me


 

ich habe hier mal kurz die postings überflogen, EIN SATZ hat sich total eingeprägt:
- Revenues for the fourth quarter and full year 2006 totaled $150.8 million -- all occurring from sales mainly of molybdenum in the 67 days following the acquisition -- amounting to approximately $2.25 million per day in the period October 26 to December 31, 2006.
Das ist der absolute Oberhammer, ich denke das hat NIEMAND so erwartet :-)))))))
bis zu 2.25 MILLIONEN p. Tag!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ay klaus, da hast du wirklich tief gestapelt, und ich Gott sei Dank etwas mehr Recht :-))))))))))
was wird das heut für ein Tag???????? Grün, Grüner, BLUE DAY....................
ich hatte letztens gepostet das wir bei all den ausstehenden News bis Mai über die 20$ gehen werden, nun, es sieht absolut danach aus, ich will mir gar nicht vorstellen wie dann erst die Q1-Zahlen am 10.Mai aussehen werden :-)))))))))))))))))))))
werde mir vorsichtshalber schon ma ne Grosspackung Entkrampfer aus der Apotheke holen :-)))
der Artiklel von rory war auch sehr interessant, werde den mal heute im Laufe des Tages für all jene grob übersetzen die des Englischen nicht so mächtig sind.....
ay Crew, ich finde keine Worte mehr......... bis nachher.............  

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- das Sperren dieses Users löst schwere Depressionen bei der Blue Pearl Mannschaft aus -  

rory17: 29,000,000 shares traded since the 9th of Mar

Since the 9th of March the volume of shares traded has been almost 29,000,000 shares and the majority of the buying has been institutional, not retail. The buying has taken place because Blue Pearl was very cheap at $9.00 a share and is still very cheap at $12.00 a share. Cash flow is awesome and this company will have tremendous earnings and earnings growth in 2007 onward. The institutions were fully aware of what would be reported today and I expect BLE\'s share price continue to appreciate towards the $20.00 level and beyond. Good luck

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wünsche ich allen hier! Na das sind ja Aussichten, die sich gewaschen haben. Ich kann hier Klaus und dem Captain nur zustimmen, es kann nur ein grüner Tag heute werden.
Ich bin jetzt schon ganz gespannt, wie es weiter geht. Na schauen wir mal.
So, es hilft ja nix, ich muß mich dann wohl erst mal der Arbeit widmen. Bis später dann mal.

LG, Harley


 

wow, wirklich gute news. ich hoffe nur das sich diverse leute nicht an den ersten sätzen aufhängen.

von wegen: Net loss of $20.6 million in 2006 includes $68.9 million of inventory purchase price adjustment included in operating expenses and a non-cash charge of $14.5 million for stock options compensation.

das ist ja ein nicht ganz so schöner satz.

aber hier mal ein vergleich von erwartung und realität.

erwartung: 1 mio cash(netto) pro tag, 90 mio für drei monate.
realität : 1,6 mio cash(netto) pro tag, 150 mio für drei monate.

diese zahlen sollten da eher ihre berechtigung finden.

was auch noch gut ist, das cash-flow, knapp 100mio sind in der "kriegskasse" und das obwohl ja die 60 mio an den ehemaligen besitzer von TC fällig wurden weil der molypreis hoch blieb. und nur deshalb hat blue meiner meinung nach im gesamten jahr minus gemacht. ansonsten hätten sie deutlich plus gemacht.

tja, und wie spiegelt sich das jetzt auf den kurs wieder? das bleibt meiner meinung nach abzuwarten. normal müßte er steigen. aber was ist bei unserer perle schon normal?  

Hallo leute,

nun hat der markt die Bestätigung, dass BluePearl eine Cash-Cow ist.

Bedingt durch die Verlustvorträge aus der Explorerzeit und den Kosten der TC Übernahme musste noch kein $ versteuert werden.

Die Vorträge sind nun, bis auf 20 Mio. USD, aufgebraucht und deshalb wird der Cashanteil sich auch um ca, 30% reduzieren.

Aber es bleiben dann noch ca, 1,6 Mio $ CASH pro Tag übrig. Mit den 135 Mio. $ Kassenbestand und den Einnahmen wird BluePearl im Laufe des Jahres 2007 schuldenfrei sein. Abhängig von den Investitionen aber spätestens im ersten Halbjahr 2008. Ich persönlich gehe bei dem Molypreis um die 30$ von 2007 aus.

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abwärts.

CC : 7,50- 7,75
L&S: 7,63- 7,72

ich sags ja, die deutschen sind blöd. :(  

weisst doch, nach runter kommt hoch  :-)))

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Frankfurt stellt Geld/Brief mit 7,79/7,83. Ist doch alles im grünen Bereich. Wie kommt Lang&Schwarz auf solche Kurse? Tsssss...  

taxt auch inzwischen hoch. jetzt 7,70-7,90

es scheint noch keiner zu kaufen, die warten wohl die tel.conf. ab. we will see.

 

"MOLY"THE NEXT SECTOR TO ROCK!
Für all jene die es noch nicht mitbekommen haben, der Molypreis bewegt sich und das lustige daran, er bewegt sich in die entgegengesetzte Richtung all der Voraussagen von Analysten und Experten. Wie geht das?
Moly ist bisher noch relativ unbekannt und missverstanden. Aber dieses Metall wird Das Metall des 21.Jahrhunderts.Es wird unser aller Leben und das der folgenden Generationen entscheidend verändern.
Neue Technologien können dazu beitragen, das das Weltklima entscheidend verbessert wird.
China und südafrika arbeiten im Moment an der Technologie der Kohleverflüssigung, bei der Moly der entscheidende Katalysator ist, der den Ausstoss an Treibhausgasen entscheidend verringert und diese neue energie wird auch billiger sein als die derzeitigen Energien.
Die Vorräte an Kohle und Gas reichen hierfür noch Generationen.
Diese Technologie wird die drohende Rohstoffkrise (Ölvorräte) abwenden und desweitern auch entscheidend zum Klimaschutz beitragen.
Bisher wussten nur wenige Menschen von diesem Geheimnis, langsam kommt die Wahrheit ans Tageslicht.
Da die meisten Experten und Analysten den Molypreis fallend sahen, haben viele Aufkäufer ihre Lagerbestände bis auf kleine Posten verkauft, ohne aufzuffüllen, da sie natürlich auf ein fallen des Preises hofften um so günstiger wieder ihre Bestände aufzufüllen. Pech für sie, das diese experten und analysten nur eine beschränkte Sichtweise bez. Moly hatten und nicht die ganze Story sahen. Die Aufkäufer waren nun gezwungen Moly teurer zu kaufen um ihre Lagerbestände wieder aufzufüllen, daraus resultierte ein weiterer Preisanstieg.
Passt auf, hier kommt Moly.....................
Ich denke das Moly wesentlich besser performen wird als Öl und der Uran-Sektor.
Warum sollte man mit Uran und dessen Konsequenzen weitermachen, wenn man auf der anderen Seite eine schadstofffreie und billigere Alternative hat, Autos zu betreiben und unsere Häuser zu beheizen!!!
Mit den vorhandenen Ressourcen können die USA und der Rest der Welt komplett unabhängig werden.

So, das war eine kleine Zusammenfassung von rory´s posting.


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für's blue-dream-team!
Was rory da so erzählt von Moly, dem Klima-Retter, ist m.E. zwar total falsch und überspannt (auch Flüssigkohle ist ein fossiler Brennstoff), aber ansonsten liegt er ganz richtig und unsere Perle wird auch so schön türkis bleiben über lange Zeit.

All unsere Teäume werden wahr! *freu freu freu* ;-)

MfG,  Strato

PS: Das Shorty-Grillfest geht weiter; - gnadenlos!  

wech haltet mir die perle auf kurs :-)
gruss rs1