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Sphinx Resources

Publié le 19 mai 2009

A "Green Shoot" Rising

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Donner Metals


InvestingSuccess.ca

May 19, 2009

Donner Metals (TSXv:DON) - A "Green Shoot" Rising

Is the base metal sector gearing up to resume its cyclical advance? Two of the financial industry's most respected analysts (Donald Coxe & Avery Shenfeld) say this is indeed the case. With such heavyweights registering their opinions, investors would be wise to pay attention.

Donald Coxe in a recent speech to the Prospectors & Developers Conference in Toronto summed up the situation for the base metals sector very eloquently. He noted that historically the base metals industry was structured to meet the demands of the Industrialized World (plus Russia). When the Cold War came to an end and global military activity took a hiatus, the base metals industry was left facing massive over-capacity. When the Berlin Wall fell, and when Russia imploded, the result was a full-on body blow.

But then came the tragic events of 9/11 and the onset of a new era of war on terror and by extension an increased demand for military hardware and the start of a new cyclical uptrend in base metals. 

Unfortunately, the world economy has now suffered a stunning interruption to this cyclical uptrend scenario in the form of a severe financial crisis and recession brought on by the collapse of several key financial players. As the investment community liquidated equities in a panic during the darkest days of this crisis, commodity prices including base metals took a nasty hit. Copper fell from $4 down to $1.50, and the situation for aluminum, nickel and zinc was even worse.

But, the tide is turning slowly thanks to massive injections of capital into the ailing financial sector. Major governments and their central banks are reflating economies, so base metal demand will come roaring back. In fact, the financial crisis has put off so many mining projects, that when the global economy comes out its mess (and it will) prices for base metals will be much higher than they would have been otherwise.

What investors also need to remain focused on is the fact that China and India remain intent on moving forward. These nations did not participate in the Industrial Revolution (as did much of the rest of the world) and they will continue making up for lost time.

CIBC analyst Avery Shenfeld echoes these sentiments and recently spoke of "green bamboo shoots" springing up in the Asian economy and of factories sparking back to life as signs of early stages of a global recovery.

Mr. Shenfeld notes that China appears to be the first country in the region that has turned the corner. A rise in China's Purchasing Managers Index is one of several signs the worst of the downturn that idled factories and millions of workers may now be over. He adds there are also signs elsewhere in East Asia that factories are getting back into gear, with production edging up 1.6% in Japan in March, the first material gain in 10 months, and by 4.8% in South Korea. Also supporting base metals demand is an Asian focused recovery propelled by heavy emphasis on infrastructure in China's $586-billion US stimulus package.

Despite the metal sector's recent surge, Mr. Shenfeld said equities are still trading 50% below levels reached in the boom, and should benefit further from rising commodity prices as firms rebuild inventories to reactivate production lines.

However, here at InvestingSuccess, we continue to note that the junior resource sector remains under pressure. The broader markets have rallied as Mr. Shenfeld alludes to, but the juniors are still almost comatose - having barely registered what we would call even a dead cat bounce from the beating they took in the fall of 2008.

But, to borrow Mr. Shenfeld's expression, there is a "green shoot" in the junior base metal space that investors should watch closely. The "green shoot" to note is
Donner Metals (DON-TSXV; $0.20). As previously discussed on past occasions on this website, Donner has discovered a high grade zinc-copper deposit in Quebec.

What makes the story intriguing is that Donner is partnered with base metal giant Xstrata on this deposit, and it sits only 6 km from Xstrata's Perseverance mill.  Perseverance runs out of ore in 3-4 years, and the two companies are anxious to get this new deposit into production by then.

Because the mill is already there, capital costs for this deposit could be comparatively, very low.  The only thing they need to do is build a decline ramp down to the deposit.  Pretty much everything else is in place. Xstrata has started a scoping study on the economics of getting the deposit into production.

Hopefully Donner's "green shoot" will bloom, and provide a sign to the market that other near term base metal producers are also ready for investor attention.

SOURCE: http://www.investingsuccess.ca/index.php?id=3890&tx_wecdiscussion[single]=138




For more information please contact:


Keith Schaefer
Vanguard Shareholder Solutions
Tel: 604 608 0824
Toll Free: 1 866 898 0826

www.donnermetals.com

Vanguard Solutions

This email was sent by: Vanguard Shareholder Solutions
1095 West Pender St., Vancouver, BC, V6E2M6, Canada



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Sphinx Resources

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CODE : SFX.V
ISIN : CA8484221012
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Sphinx est une société développant des projet miniers de zinc et de cuivre basée au Canada.

Sphinx est en développement de projets de zinc, de cuivre, d'argent et d'or au Canada.

Son principal projet en développement est PD1 au Canada et ses principaux projets en exploration sont SOUTH VOISEY BAY, WEST RAGLAN et MATAGAMI au Canada.

Sphinx est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 838 700 CA$ (596 515 US$, 535 491 €).

La valeur de son action a atteint son plus haut niveau récent le 26 août 2016 à 0,14 CA$, et son plus bas niveau récent le 27 mars 2020 à 0,01 CA$.

Sphinx possède 83 870 000 actions en circulation.

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08/08/2013=3A Donner Metals announces closing of private placement
09/07/2013=3A Financing Update
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25/07/2011Funds Received, Private Placement Closed
13/07/2011Financing News
15/02/2010Additional Private Placement Closings
16/11/2009Private Placements close
14/05/2009Non-Brokered Financing
07/01/2008 $3.2 Million Private Placement Closed
17/12/2007 Private Placement Increased to $3.2 Million
07/12/2007 $2.0 Million Private Placement
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30/10/2013(Matagami)Matagami Exploration Joint Ventures Update
03/09/2013=3A Donner Forfeits Interest in Bracemac=2DMcLeod
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12/07/2013=3A Donner Metals Update on Production at Bracemac=2DMcLeod
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16/05/2013Production has started!
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06/07/2012Provides Exploration Drilling Update
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23/11/2009(Matagami)Expanded Winter Drill Progam Initiated at Matagami
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15/01/2013Stock Options Granted
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22/10/2012Announces Results from Annual General Meeting, Head Office M...
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04/10/2012Underground photos and video updates from Donner Metals
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28/08/2012=3A President's Message
17/04/2012Normand Champigny Appointed President of Donner Metals
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26/02/2009Hotsheet
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