Exall Resources/Glimmer Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Exall Resources/Glimmer Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: winzer5 who wrote (1239)	11/17/2003 8:36:12 AM
From: winzer5	Read Replies (2) of 1319

Why is Glimmer Looking at Iron Ore instead of Gold, or any other Commodity? The answer could lie in the following article. The key paragraph is reproduced below the link. kitco.com "Energy Demand However, demand growth will ultimately become the biggest driver of commodity prices over the long run. Demand growth is coming from Asia and especially China. For example, demand from Chinese steel makers is lifting prices for iron ore in most major markets around the globe. The Chinese appetite for commodities has become insatiable." I was talking to a vetran of IOC at Labrador City and he indicated that the grade to be being mined at BMIL is what Lab City upgrades their ore to. So I guess there is no requirement for upgrading the ore before shipping to the smelter(in China? probably Scandanavia). Winzer

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next