nuffnang

Sunday, March 11, 2012

TMR Advanced Rare-Earth Projects Index

http://www.techmetalsresearch.com/metrics-indices/tmr-advanced-rare-earth-projects-index/

TMR is first and foremost interested in the rare-earths sector from the strategic point of view. We are interested in the potential value that specific rare-earth deposits and their development could have, in the furtherance of the needs and demands of the overall technology supply chain.

The TMR Advanced Rare-Earth Projects Index consists of rare-earth projects currently underway around the world, which have been either:

  • formally defined as a mineral resource or reserve under the guidelines of a relevant scheme such as NI 43-101 or the JORC Code, or
  • subject to past mining campaigns, and for which reliable historical data is available, even if not formally compliant with a relevant scheme.

The Index, last updated on February 15, 2012, currently consists of 34 advanced rare-earth projects, associated with 32 different companies and located in 13 different countries, as shown in the table below. Click on a project name to see the data associated with the project.

TMR Advanced Rare-Earth Projects Index
ProjectLocationOwner(s)Ticker Symbol(s)
AraxáBRAMinas GeraisMBAC Fertilizer Corp.TSX:MBC, OTCQX:MBCFF
Bear Lodge (Bull Hill Zone)USAWyomingRare Element Resources Ltd.TSX.V:RES, AMEX:REE
Bokan (Dotson / I & L Zones)USAAlaskaUcore Rare Metals Inc.TSX.V:UCU, OTCQX:UURAF
BucktonCANAlbertaDNI Metals Inc.TSX.V:DNI, F:DG7
Çanakli ITURBurdurAMR Mineral Metal Inc.N/A
Clay-HowellsCANOntarioRare Earth Metals Inc.TSX.V:RA, OTCQX:RAREF
Cummins RangeAUSWestern AustraliaNavigator Resources Limited &
Kimberley Rare Earths Limited
ASX:NAV
ASX:KRE
Dubbo Zirconia ProjectAUSNew South WalesAlkane Resources Ltd.ASX:ALK, OTCQX:ANLKY
Eco RidgeCANOntarioPele Mountain Resources Inc.TSX.V:GEM, OTCQX:PMNHF
Eldor (Ashram Zone)CANQuebecCommerce Resources Corp.TSX.V:CCE, OTCQX:CMRZF, F:D7H
FoxtrotCANLabradorSearch Minerals Inc.TSX.V:SMY
HastingsAUSWestern AustraliaHastings Rare Metals LimitedASX:HAS
Hoidas LakeCANSaskatchewanGreat Western Minerals Group Ltd.TSX.V:GWG, OTCBB:GWMGF
KangankundeMWIBalakaLynas Corporation Ltd.ASX:LYC, OTCQX:LYSDY
KipawaCANQuebecMatamec Explorations Inc.TSX.V:MAT, OTCQX:MHREF
Kutessay IIKGZChuiStans Energy Corp.TSX.V:HRE, OTCQX:HREEF
KvanefjeldGRLKujalleqGreenland Minerals and Energy Ltd.ASX:GGG, PK:GDLNF
La PazUSAArizonaAustralian American Mining Corporation Ltd.ASX:AIW
Montviel (Core Zone)CANQuebecGeomega Resources Inc.TSX.V:GMA
Mount Weld CLDAUSWestern AustraliaLynas Corporation Ltd.ASX:LYC, OTCQX:LYSDY
Mount Weld Duncan DepositAUSWestern AustraliaLynas Corporation Ltd.ASX:LYC, OTCQX:LYSDY
Mountain PassUSACaliforniaMolycorp Inc.NYSE:MCP
NechalachoCANNorthwest TerritoriesAvalon Rare Metals Inc.TSX:AVL, AMEX:AVL
NiobecCANQuebecIAMGOLD CorporationTSX:IMG, NYSE:IAG
Nolans BoreAUSNorthern TerritoryArafura Resources Ltd.ASX:ARU, PK:ARAFF
Norra KärrSWESmålandTasman Metals Ltd.TSX.V:TSM, AMEX:TAS, F:T61
Sarfartoq (ST1 Zone)GRLQaasuitsupHudson Resources Inc.TSX.V:HUD, OTCQX:HUDRF
SteenkampskraalZAFWestern CapeGreat Western Minerals Group Ltd.TSX.V:GWG, OTCBB:GWMGF
Strange Lake (B-Zone)CANQuebecQuest Rare Minerals Ltd.TSX.V:QRM, AMEX:QRM
TantalusMDGDianaTantalus Rare Earths AGF:TAE:GR
Two TomCANLabradorRare Earth Metals Inc.TSX.V:RA, OTCQX:RAREF
Wigu HillTZAMorogoroMontero Mining and Exploration Ltd.TSX.V:MON
XiluvoMOZSofalaSouthern Crown Resources Ltd.ASX:SWR
ZandkopsdriftZAFNorthern CapeFrontier Rare Earths Ltd. &
Korea Resources Corp.
TSX:FRO, PK:FREFF


Other Notes:

  • Over time, the Index will expand as mineral-resource estimates for additional projects are defined.
  • The Index includes advanced rare-earth projects known to Technology Metals Research, LLC (TMR), based on public-domain information only. Therefore, it is possible that there are other advanced rare-earth projects currently in development or operation, which are not included in the Index, and / or at the time of the last update, were not known to TMR.
  • Only advanced rare-earth projects that are fully or partially owned or operated by corporations, or other non-state-run entities, are included in the Index.
  • At present, the Index deliberately excludes any advanced rare-earth projects (as defined above) located in either China or India.
  • All value estimates (for in-situ REOs within each resource, or the unit basket prices for finished products) exclude Ho-Er-Tm-Yb-Lu oxides from the pricing models.

Disclosures concerning the above companies: Gareth Hatch is neither a shareholder of, director of nor a consultant to any of the companies listed in the TMR Advanced Rare-Earth Projects Index. Jack Lifton is long on Great Western Minerals Group Ltd. He is a consultant to Rare Earth Metals Inc., Rare Element Resources Ltd., Ucore Rare Metals Inc. and to Tasman Metals Ltd. He is a director of AMR Mineral Metal Inc. and a member of the supervisory board of Tantalus Rare Earths AG (statement last updated February 15, 2012).

Lynas Crown Basket Defined

http://rareearthfuture.com/2011/08/27/lynas-crown-basket-defined/

The “Crown” resource that Lynas (LYC.AX) owns is one massive opportunity for Lynas shareholders. Whilst Lynas says its core business is currently that of rare earths, investors cannot overlook the massive in-ground value of niobium, titanium, yttrium, and phosphorus as well as 475,000t of additional rare earths that Lynas valued at over $50 billion dollars in June 2007. Since then, prices of these polymetallic oxides have risen dramatically…

Click slides for full page zoom.

Click slides for full page zoom.

Click slides for full page zoom.

The slide above clearly shows Crown is also one of the best (and most established) Heavy Rare Earth Element (HREE) deposits in the world! These figures are from Lynas’ own Scoping Study and in 2008 Crown received JORC compliance.

To better understand Crown and its value I have created the table below that applies current prices to the metals and oxides in Lynas’ prior slides and studies. This breakdown is not exact, but it is a good approximation and shows the tremendous value of Crown that is not currently included in the NPV of any research reports for the Lynas Corporation stock.

Facts about Lynas

信不信由你

1 Opposition invoked “emotion and anger” to exploit the fear and phobia of nuclear radioactive after Japan’s Fukushima whereby the incident involves a nuclear reactor unlike Lynas that involves a rare earth processing plant of allowable radioactive level.

2 Opposition leader in the State Assembly, Leong Ngah Ngah from DAP, when attending the briefings on the project for elected representatives in 2009, had also agreed to the construction of the project, and was reported by a Chinese daily as saying that the state government had managed to secure a huge investment from abroad.

3 PAS Hulu Langat Member of Parliament, Dr. Che Rusli who is also an expert on radioactivity had also confirmed that the project is not hazardous and within international management standards.

4 New York Times also wrote that the Lynas plant, which is being built in Gebeng, will house radiation sensors and the latest equipment in pollution control, besides featuring 12 acres of temporary storage pools that will be lined with dense plastic and sit atop nearly impermeable clay, to hold the slightly radioactive by-products until they can be carted away.

5 Japan is the world’s biggest importer of rare earths. And China produces 97% of the world supply. At the height of the diplomatic fracas between China and Japan over a disputed island chain, Beijing used this precious metal to force Japan to come to their terms. This product is becoming an effective weapon.

6 China which produces 97% of the world’s rare earth supply but only hold 30% of the world reserve had previously approved Lynas plan to set up the processing plant but the Chinese government had later imposed export limits on all final products as well as export taxes. This is double taxation. The Chinese government now controls and restricts export of all rare earth materials and also applies import and export taxes of up to 25% specifically for rare earths. Lynas was unwilling to invest in China and then have the export of final products controlled by the Chinese government.

7 Beijing pressured the Japanese technology firms who need rare earths to produce everything from smart phones to Toyota Motor Corp.’s prized hybrid automobile, the Prius. One day after the new customs procedures were introduced, Japan – which depends on China for nearly all of its rare earths – caved in to Beijing’s demand in the fight, releasing the captain of a Chinese fishing boat that rammed two Japanese coast guard vessels near the uninhabited islands known as the Senkaku in Japan and the Diaoyu in China.

8 Lynas has committed to place funds with the Malaysian government to ensure safe management of any remaining residue once the plant stops operations.

9 Lynas Corp Ltd had received approvals to build a rare earth refinery in Australia and China but had picked Malaysia as the preferred location given its proximity to market, access to high quality chemicals, utilities and engineering skills. Kuantan Port is strategically located for trade. China’s port is far away and expensive in tax and Australia’s port is neither here nor there in any geographical location.

10 Lynas was granted a 12-year tax break due to their pioneer status such as Amoco and WR GRace. Lynas will promote the influx of supporting industries ; i.e. furniture, chemical product, steel and etc. Money will be trickle down to the community especially retailing and F&B.

11 Lynas has struck a deal with another company to turn the waste product into concrete. The low levels of thorium could be converted into safe byproducts such as cement aggregate for road construction. China is already doing this. (Rare earths contain low-levels of radioactive material)

12 If opposition successfully stop the Lynas plant, the world will lose their confidence in Malaysia as a nation that is incapable of making decisions based on international standards and laws. PM will lose his command and credibility as being unable to give security and confidence to the investors when faced with local political pressure.

13 Lynas site approval came from the International Trade and Industry ministry and the Atomic Energy Licensing Board (AELB) and not the State Government of Pahang.

14 AELB is an international body which govern the conduct of all nuclear and atomic activities. It has an international radar screen which monitor all the radioactive plant site of which a country is a treaty to it including Malaysia. Malaysia as a signatory party has to followed the required international standard before approving any atomic or nuclear activities.

15 Malaysia is following in the footsteps of Indonesia, Vietnam and Bangladesh which will be operating their first nuclear power plant by 2020. Although Bangladesh was comparatively less industrialised than Malaysia, it evertheless planned to have its nuclear power plant built by 2020.

16 The raw material processed at the Asian Rare Earth Plant in Bukit Merah which used tin mining tailings as its raw material is different from the one uses by Lynas as the former contained high levels of thorium, which was the source of high levels of radiation.

17 Under current regulations, the raw material processed at Bukit Merah could not be processed in Australia, Malaysia or China and by contrast, the Lynas raw material contained naturally low levels of thorium 50 times lower than the tin tailings used by Asian Rare Earth.

18 The employees will be exposed to just 10 per cent of the additional radiation an average person receives in their daily lives, which is less than the exposure to a person getting a medical or dental x-ray once a year (0.39 mSv/year). Referring to Nuklear Malaysia’s report, each person receives an average of 2.4 millisieverts (mSv) of radiation from their natural surroundings annually. The Asian Rare Earth raw material was tin mining tailings which contained high level of thorium, 50 times higher than

19 The raw material that will be used at LAMP. On average, a Lynas worker will receive 2mSv/year (millisievert/ year) of radiation compared with 150 mSv/year received by those who smoke a pack of cigarettes daily or the 9 mSv/year absorbed by airline crew.

20 The radioactive element, thorium, in its raw material from Mount Weld was 50 times lower than those in Bukit Merah. At these levels, exposure to radiation is less than taking a flight on a commercial airline or using a mobile phone. It means you get more radiation exposure by taking a flight or using mobile phone.

林書豪給交易員的啟示2/賈乞敗-處勝

http://www.wretch.cc/blog/phigroup/16534131

上一篇說到林書豪成功的原因在於苦練:2012.02.12 林書豪5連勝對於交易員啟示/賈乞敗 ,這牽涉到2個魔術數字。任何的專家都需要1萬小時的訓練,而神乎其技則需要2萬個小時。

但那份堅持的背後是什麽?

許多的媒體訪問,但林書豪堅持功勞來自於團隊。我原以為這是成功人士一致用來博取好感的禮貌或僞善,但細看之後發現大有文章。

許多讀者不斷問我一個問題:「如何渡過失敗和低潮。」我一直無法真正的問答。因為我就是不斷的做。對我來說,成功和失敗並不那麼重要。當然,能賺錢當然很好,但即使沒有錢,我還是會不斷想挑戰,去發現金融市場的運作方式(那就是獲利的方法),這件事非常吸引人,我沒錢都幹,更何況是有錢。

這件事,我無法向讀者明確傳達,因為這是內化的東西,不是知識。我問過許多成功的交易員,我問他最重要的是什麼,他們都會一致的說,重要的不是你獲利時做了什麽,重要的是你虧損時做了什麽。善於「處敗」是成功人士的必要條件。

但我會說,林書豪的成功,在於:善於「處勝」,即處理勝利的態度。

東方文化的智慧總會說:「財不露白」、「成功者要謙虛」、「富人要樂善好施」。東方文化的富人往往低調,但我們卻常見西方的樂透中獎者和富豪總是大方讓全世界知道他們很有錢。這之中的差異在哪?

我發現這之中的差異在於「處勝」,不管是處理自己的勝利或是他人的勝利。網路上的鄉民對於富人的態度是:「巴菲特有錢是因爲他剛好抓到了美國戰後嬰兒潮榮景,當然抱著股票就會賺錢」、「索羅斯有錢是因為他認識各國政要,他有太多的內線消息」、「郭董的錢來自壓搾勞工,他開的是血汗工廠」。簡而言之,鄉民認為白手起家的人都是運氣或爲富不仁,不是白手起家的都是靠爸一族。嘴上批評,但骨子裡個個都希望成為有錢人。因為自己的失敗,所以也見不得別人好。

但仔細觀察林書豪,當他還是Nobody時,他的隊友進了球,他也會真心的跳躍起來,和隊友互相撞擊身體。簡而言之,那是東方文化沒有的:「欣賞成功」。因爲缺少了「欣賞成功」,當你的小孩是班上的第二名時,你會教他不要和第一名的人的分享。因爲缺少了「欣賞成功」,當你的小孩是第一名時,你更不可能去讓他教導第二名成功的秘訣。美國職棒好手A-Rod說,最棒的事是,他提醒我們一場球賽應該要有的樂趣,尤其是在NBA這個重視數據的地方。

據說林書豪的父母要求的是過程而不是結果,這可能可以解釋為何林書豪善於「處勝」。如果你要求的是結果,那麼你不會在乎小孩多努力讀書,但他從第一名掉到第二名時,你會斥責他。如果你要求的是結果,當你花了大把的錢給小孩學鋼琴時,他平常彈的不好你可能不會太生氣,但他檢定考試沒過時,你肯定會大發雷霆。或許近來嚴厲教子的虎媽引起了轟動。或許嚴厲的父母可以逼出1萬小時的專家,但肯定逼不出2萬小時的神乎其技。神乎其技,必須發自內心才行。


馬斯洛的需求層次理論如上圖,是線性的,很好理解,最上層的是自我實現。這是讀過企管系的人都能朗朗上口的理論。但讀過這理論的人不知是否覺得這理論不適用於東方社會。對於這點,中研院院士楊國樞教授提出的是Y模型,Y有了兩臂,一個是集體主義的,一個是個人主義的。馬斯洛理論適用的是高度個人主義的地區,講求的是自我實現。而適用於集體主義地區的是社會實現。但這社會實現體現的是滿足別人定義的成功,而不是發自內心、真心去追求的成功。對於社會實現這點,美國職棒大聯盟選手-王建民的首度防護員葛伯說的很清楚:『我第一次看到他的時候覺得他壓力好大,他好像不是只爲了自己,而是爲了家人,還有整個台灣而戰,他對于「自己是誰」、「從哪裏來」感到很驕傲,我想,這應該是他的動力來源。」滿足社會的期待,而非自己的期待是「社會實現」最大的特點。

不能處勝,這還體現在團隊上,我們也見到許多團不能欣賞隊友的成功而最後拆夥的局面。中國經典名言:「與常人交,可以共享樂而不能共患難;與天子交,可以共患難而不能共享樂。」這句話正說明了東方文化不能處勝的事實。見到許多團隊最後拆夥,恐怕也是不能處勝,見不得別人好。

最後回答許多讀者問的問題,如何處理失敗?我會回答,無法欣賞他人成功,恐怕更不能處理自己的失敗。先要學會處理成功,要欣賞別人的成功,你才能接受自己的成功,才能坦然面對自己的失敗。一群人之中,第一名就那麼一個,比是比不完的。你仇視第一名就相當於仇視自己。仇視第一名相對的是看不起自己的失敗。

我曾付了幾十萬的學費學習NLP,有一天的課程要調查對於金錢的態度。舉例來說,裡面有些問題是:你覺得金錢是?你覺得有錢人是?許多人的回答是覺得錢是髒的,覺得有錢人很賤。這點回到我之前提過的思想體系:2008.02.15 論交易邏輯與思想體系/Job 。如果你的思想矛盾,既想賺錢,又討厭錢,那麼將如何有錢呢?即使有錢,只是增加心裡的矛盾。這些細微的思想,會轉化為行為,行為會變成習慣,那麼,命運就決定了。

我敢保證百分之百保證林書豪在東方文化的背景下絕對沒有現在的成就。因爲他可能在求學的過程中,輸了一球就要被打一個巴掌,即使他贏球了,他也不是爲自己而戰。他絕對練不出神乎其技。

請讀者們試著模擬、體會當中的差別。

對於一個Trader來說,恐怕只能成爲一個極端的自由主義者。背負著太多的道德、善惡判斷和社會期待,恐怕不能做出中立的判斷。思想體系,這個重要的問題,或許你必須重新再思考一次。

读书 上班 etc

转贴(法意)外匯是穩定投資的天堂

捷運上聽到了一個對話,女兒:「爸爸,為什麼你周末還要上班,每天晚上也要上班,在家都看不到你」,雖然我不知道這位父親是從事什麼行業,但可以確定的是,這位父親肯定很無奈,1980到1990年代出生的中生代,會有越來越多這樣的案例,1970到1980年代的中年人,也會逐漸體會到社會的情況跟以前不一樣,這是一種溫水煮青蛙的變化,不是幾個月內就發生,但經年累月可以體會生活越來越不容易,但1970年代以前的中生代,則不會有太大的感受,因為他們有較高的比例仍然處於職場階級的上層,這種災難還不會快速擴散到管理階層,但你有思考過,你想就一輩子庸庸碌碌的過生活嗎!

近年來經常可以看到過勞死的新聞,只是死的人不一樣,低薪資的收入,迫使勞工階級得額外加班或者兼差,專業的技術人員,不論是工程師、會計師、精算師、教師、醫師、律師、建築師,年紀低於35歲以下的,工作時間都延長許多,一周至少是40小時以上的工作時間,辛苦工作全年無休任勞任怨,財富增加速度遠比不上通貨膨脹,所有的年輕高階技術人才仿佛都在浪費生命的工作。

華人社會的典型士大夫思維,「努力讀書,考取熱門大學得到高學歷,找個理想工作、存錢購買房地產,最後找個理想的對象。」,人口結構負債的時代,要改變從小到大被洗腦的錯誤觀念,乖乖的工作領薪水和納稅、加長工時無休假、繳房貸,讓資本主義掠奪你一輩子的時間,我同時體會過澳大利亞、新加坡、中國與台灣的職場,世界各國是大不相同的,有些國家,勞方和員工是綿羊,資方和老闆是大野狼,消費者挑選安全食品好像在買樂透,工廠生產者營收像是中樂透,在土地上辛苦工作的人是奴隸,地主是主人,賺本國貨幣和努力儲蓄的人不被當人看待,賺外國貨幣和借貸炒作的人才是人。

出社會工作以後,沒有人有義務主動為你的努力著想,所有民營公司都是營利事業,公司是為股東負責,不是為員工負責,主管是為公司負責,不是為你負責,你想要的一切必須用你的努力去換,台灣是什麼樣的國家,你還期望一個安穩的人生,追求高學歷,安定的工作,累積資產求得房地產和屬於自己的家庭嗎?你努力工作值得嗎?

人生需要面對一個抉擇,你可以改變社會,用自己的想法來領導別人,但是要實現自己的理想,就須放棄安穩,你必須無視別人異樣眼光和批評的勇氣,承受的壓力比別人大,長輩與家人未必能理解你,你必須去思考自己如何走不同的發展路線或創業,喜歡從事怎樣的工作,這是一種高風險的生活,隨時得靈活應變突如其來的變化。

你也可以選擇寄望周圍的小世界不會改變,跟著社會大多數的人一起工作,雖然有時你會覺得浪費生命,但你得到的是安穩的經濟,一個普通的社會地位和穩定的生活,一個不會有很大變化的未來,每天的生活都是為某人工作,多數的時間都花在為別人的公司工作,幫別人實現他們人生的夢想,好處是不用承受大風大浪的風險。

1970年代以前出生的你,生命可能還有一半以上的時間,雖然你不是愛因斯坦,但你依然可以追尋一個真理,雖然你不是羅密歐或茱麗葉,但你依然可以追求你愛的人,雖然你不是賈伯斯,但你依然可以建立一番事業,雖然你不是索羅斯,但你依然可以震撼金融市場,雖然你不是麥克喬丹,但你依然可以耀眼在運動場上,雖然你不是華盛頓,但你還是可以創立一個國家,如果你選擇放棄安穩的生活,你應該立刻去計劃自己覺得人生應該做的事情,大多數的人都在等待機會,但你要創造機會,沒有目標的人永遠為有目標的人去效力,人生最重要的有努力奮鬥和抉擇,當你評估自己的計畫成功率很高且能符合市場潮流時,就算這個夢想不是驚天動人之舉,你是否有勇氣去做,安穩的生活與精彩的奮鬥,你想要哪一個!