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July 20, 2011
Special Report ....
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Breaking News: RMES Announces Very Encouraging Copper & Gold Results From Preliminary Reconnaissance Mapping
For the full special report, CLICK HERE.
CLICK HERE FOR LINK TO BREAKING NEWS ANNOUNCEMENT
Companies mentioned in this e-mail include:
- BHP Billiton Ltd. (NYSE:BHP),
- Red Metal Resources Ltd. (OTCBB:RMES).
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ALLPENNYSTOCKS.COM NEWS ARTICLE
July 20, 2011 (AllPennyStocks.com Media, Inc.) – Copper demand is all over the news recently, particularly regarding China’s heightened requirements. Maike Futures Company stated recently that tumbling inventories and stronger than anticipated demand from China may drive copper prices to a record $12,000 a metric ton in the first quarter. According to Bloomberg, the head of Maike’s research department, Ren Gang, gave his guidance referencing that destocking is nearly done and China could face a serious shortage if they don’t boost imports in the second half of the year.
This could clearly provide a catalyst for increases in demand for exports from Chile, already the world’s leading copper producer, who boasts more copper reserves than any other country on the planet. In turn, Chile is also the world’s leader in copper exports with estimates for 2011 pushing the amount of copper leaving the country near 6 million tonnes; a greater than six percent increase over 2010. The impact of an influx of requirements stemming from China has the potential to further raise those figures.
Of course, miners always want to hear about increased demand as it drives prices – and profits – higher. Copper has already been on an upward tear, reaching a three-month high this week with September copper nearing $4.50 a pound on the Comex in New York. A bit of profit taking as, technically speaking, the copper charts are reaching overbought levels appears to be only a temporary set-back for the hot metal.
Producers in Chile are probably already cranking-up the machinery to both extract and discover more copper. As if Chile didn’t already have enough proven copper reserves, news hit the wire today that even more copper is contained in Chilean soil. BHP Billiton Ltd, (NYSE:BHP), the world’s largest miner with worldwide operations including copper workings in Chile, released a report which disclosed an increase in mineral resources at its Escondida copper mine in Chile by 40 percent after a four-year, $381 million exploration program. Production for BHP from its Escondida mine actually slipped by eight percent in fiscal 2011 according to its latest report, but is expected to improve beyond this fiscal year due to mining of higher grade copper. The Escondida mine is located in the northern part of Chile in the Atacama Desert and ranks as the number one copper producer in the world.
Another miner that will be looking to kick it in gear with its Chilean project is Red Metal Resources Ltd. (OTCBB:RMES). Red Metal is completely focused currently on an aggressive growth strategy through acquisitions and exploration on copper-gold assets in Chile. This “get while the getting is good” mentality could prove very fruitful for the Company given the status of future predictions for copper demand, not to mention the ever-increasing value of silver and gold...
Click here for the rest of the report.
OVERVIEW
BHP Billiton is a global mining, oil and gas company headquartered in Melbourne, Australia and with a major management office in London, United Kingdom. It is the world's largest mining company measured by revenue and, as of February 2011, the world's third-largest company measured by market capitalisation.
For more information on BHP Billiton, CLICK HERE.
Red Metal Resources is a mineral exploration company focused on aggressive growth through acquiring, exploring and developing copper-gold assets in Chile. The Company's projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera, host to Freeport-McMoRan's Candelaria Mine and Anglo American's Mantoverde Mine.
For more information on Red Metal Resources Ltd., CLICK HERE.
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Forward Looking Statements
This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
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