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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (35479)	7/14/2005 10:48:22 AM
From: philv	Respond to of 39344

Apparently Vietnam is very accommodative to foreign investment. I have read reports on their eagerness to attract investments, and they could be rival to surrounding countries like China. I agree that TBR is a long term hold. It takes a long long time to build a mine, and the roughest part is between discovery and production.

To: zebra4o1 who wrote (35479)	7/15/2005 1:29:08 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 39344

TBR upgraded to buy by Paradigm & Haywood - $4.50 target Paradigm Capital Senior Analyst David Davidson issued an update this week increasing his 12-month target price for Tiberon to $4.50 (from $4.00) and reiterating his BUY recommendation. The update follows Tiberon’s July 12th announcement of positive final feasibility study results highlighting improved metallurgical recoveries (tungsten recovery up to 66%; bismuth recovery doubles), lower operating costs (down 4% to $7.59/tonne of ore), an increased IRR (23.6%), and an increase in NPV (7.5%) of 2.1 times. In his report, Mr. Davidson calls the study results “a significant step forward”, and refers to the Nui Phao project as “one of the most robust undeveloped mines of any type in the world. Tiberon and the Nui Phao project continue to meet or exceed our expectations.” Also this week, Haywood Securities analyst Jim Mustard, P.Eng., reiterated his SECTOR OUTPERFORM recommendation for Tiberon and raised his 12-month target price to $4.50 (from $3.25). In his report, Mr. Mustard states: “Tiberon provides a unique and diversified exposure to the current commodity super cycle. Nui Phao is a classic, world-class deposit that will put Tiberon at the top of its peers.” The report goes on to state: “Our target price of $4.50 per fully diluted share is based on Tiberon’s 77.5% interest in Nui Phao using a multiple of 4.8x cash flow for 2008/2009. The base-case model generates a corporate NAV of US$259 million (C$318 million, or $5.27 per fully diluted share), at a discount rate of 8%.” For further information on Tiberon, please visit our website at www.tiberon.com, or contact: Jodi Peake Vice President, Investor Relations Tiberon Minerals Ltd. 330 Bay Street, Suite 505 Toronto, ON M5H 2S8 T: 416-214-1877 Toll-free: 1-866-616-2404

To: zebra4o1 who wrote (35479)	7/15/2005 11:08:53 AM
From: E. Charters	Respond to of 39344

The phrase "long term tungsten hedge" stems from the days of supporting Ivy and other creeper hedges by wrought Iron stabilizers or fences. The fences used to corrode quickly from contact with the creeper vines which exuded inorganic acids. To replace the fence required destroying the hedge. It was discovered that by combining tungsten with the Iron the fences resisted corrosion much better and did not require replacement near as often. Hence the term. EC<:-}