Wednesday, February 06, 2013

Scientists discover bacteria that can make gold out of mine waste

I knew that they would try to find a way to eliminate gold prospectors .Quote from here

Quote:

Gold prospectors may one day use Petri dishes to help with their quests. A species of bacterium forms nanoscale gold nuggets to help it to grow in toxic solutions of the precious metal, reports a paper published online today in Nature Chemical BiologyLink 

Anyway there are those in the business, like me,  that have a gold deposit and have worked hard to define it, and we should not abandon the ship just yet. This idea is still yet a few clouds off of being real.  No doubt that there is probably someone somewhere that is going to try and build a company around this new dream, and get funding with no real understanding or proof,and has will lots of advertising. 

Reality is if you own the gold .. then you still own it 



Tuesday, February 05, 2013

Kevin Puil: $4/lb Copper Is on Its Way [TV, TREVF] - The Gold Report

Kevin Puil: $4/lb Copper Is on Its Way - The Gold Report

pit wall of open pit mine in manitoba picture courtesy of mustang minerals


Found this article on the gold report website. It's an interview with Kevin Puil discussing copper prices, companies exploring for the metal and other things. What I find interesting is his opinion that copper could see $4 / lb this year or better.

Here is a quote for the interview:
Quite frankly, I think you could see copper peak above $4 a pound ($4/lb) this year, and $3.75 is reasonable for an average. It's interesting to look back at the five-year average for copper. Even though a lot of analysts are using ~$2.75/lb as their long-term outlook, copper has only broken below $3/lb for that brief amount of time during the financial crisis. The rest of the time, it's been well above $3/lb. I think it's about time they brought the price up to a more realistic level.
Read The Interview Here

Even with the Canadian Penny going out of circulation, the need and demand for copper will be with us for a long time in the foreseeable future. Manitoba Copper producers and explorers with nice deposits are worth following. I am following Mustang Minerals, VMS Ventures, HudBay Minerals and others.