OT: Any people familar with drilling lingo?

[Bubblesitter]

The rare earth market has been a wild one last 6 months, I’ve been doing some speculative plays primarily with Molycorp and other players. Lots of investment going on in response to China moves, first restricting exports to Japan, now cracking down on illegal dirty mines. China is a pollution basket case if you haven’t been recently.
Good to have downside protection, as with all the investment in mining in places like Brazil, will there be a rare earth glut in a year or two? I wonder what impact there will be impact of electric vehicle growth will be certain rare earth commodities. They say not all rare earths are created equal. I’m hearing China industrial policy may go big on electric and plug in electric vehicles. By mandating certain percentage of all vehicles to be electric, say 25%, they can leapfrog the West and Japan with clean energy vehicles and simultaneously help clean up their pathetically polluted cities. Last i heard China controls more that 95% rare earth production. The Japanese have been frantically scrambing to lock up alternative suppliers. More cars have been sold in China that US last 2 years now. Some interesting trends going on impacting the rare earth commodity market.

I find this stuff fascinating.

Bubblesitter

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[ucodegen]

[quote Eugene]They saw gold 550 feet below the surface and 200 feet west of the spot labelled “RES10-59,60,61”.

Hole 60 saw gold, most other holes weren’t deep enough. It looks like only 52 and 54 had any real chance of finding gold, if it’s in that general area, more than 500 ft. below the surficae.[/quote]
I was not completely discounting the gold, but I was more worried about the pattern of drilling as well as how they were playing up the gold. I checked the prices on ‘crawler core-drillers’. Just under $200k for a good one that will drill 1000 meters down. In the mean time, they burned over $1mil for a year and not many cores to show for it. They have also ‘repeated’ several cores and limited their depth as well as traveling patterns more likely to yield a core with some rare earths as opposed to using the core drilling to determine extent, size and layout of the field. BTW crawler core-drillers can run straight up the hill, drilling cores. They are basically a core driller with a dozer styled drive system.

[Coronita]

Ok.. I’m out at $16.45… This article scared me….

http://seekingalpha.com/article/253132-why-rare-element-resources-is-unlikely-to-ever-mine-rees

True or false, too much speculation for my blood…

[Coronita]

Ok.. I’m out at $16.45… This article scared me….

http://seekingalpha.com/article/253132-why-rare-element-resources-is-unlikely-to-ever-mine-rees

True or false, too much speculation for my blood…

[Coronita]

Ok.. I’m out at $16.45… This article scared me….

http://seekingalpha.com/article/253132-why-rare-element-resources-is-unlikely-to-ever-mine-rees

True or false, too much speculation for my blood…

[Coronita]

Ok.. I’m out at $16.45… This article scared me….

http://seekingalpha.com/article/253132-why-rare-element-resources-is-unlikely-to-ever-mine-rees

True or false, too much speculation for my blood…

[Coronita]

Ok.. I’m out at $16.45… This article scared me….

http://seekingalpha.com/article/253132-why-rare-element-resources-is-unlikely-to-ever-mine-rees

True or false, too much speculation for my blood…

[Bubblesitter]

There is huge amount of speculation going on, be careful.

I have trailing stop sell orders on all my rare earth stocks.
Locking in gains and protecting downside risks. I’ve been riding them up, in case of MCP, over 89% return. Sell order kicks in after 10% loss.

[Bubblesitter]

There is huge amount of speculation going on, be careful.

I have trailing stop sell orders on all my rare earth stocks.
Locking in gains and protecting downside risks. I’ve been riding them up, in case of MCP, over 89% return. Sell order kicks in after 10% loss.

[Bubblesitter]

There is huge amount of speculation going on, be careful.

I have trailing stop sell orders on all my rare earth stocks.
Locking in gains and protecting downside risks. I’ve been riding them up, in case of MCP, over 89% return. Sell order kicks in after 10% loss.

[Bubblesitter]

There is huge amount of speculation going on, be careful.

I have trailing stop sell orders on all my rare earth stocks.
Locking in gains and protecting downside risks. I’ve been riding them up, in case of MCP, over 89% return. Sell order kicks in after 10% loss.

[Author]

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