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OT Mining Corp.

Publié le 14 mars 2008

Shareholder & Interested Parties Letter March 14, 2008

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Mots clés associés :   Canada | Copper | Precious Metals |

The O.T. Mining Corporation
4333 Ste-Catherine St. West, Suite 610, Montreal (QC), H3Z 1P9 Canada
Tel: (514) 935-2445 Fax: (514) 935-8161

E-mail: info@otmining.com  Web site: www.otmining.com

 

 

 

March 14, 2008

 

 

 

Dear Shareholders and Interested Parties,

 

The O.T. is presently in discussions for financing with both industry and private sources and hopes to complete the financing to be able to commit for the 2008 drill season.  The geological team and crew are in place and anxious to begin and the new permits have been assigned drill targets.

 

Management has just returned from a series of meetings held with a number of project financiers during the recently held Prospectors and Developers Association of Canada's Convention ("PDAC") in Toronto.

 

There was an extremely bullish outlook for both base and precious metals at the PDAC.  It is apparent that continued strong economic growth and infrastructure development in emerging countries such as China and India and the need to upgrade and replace aging infrastructure in established economies will continue to pressure metal supply for many years to come.  The Metals Super Cycle has many years to run.

 

Our senior geologist in Montana, Dr. Fess Foster, has just completed a 2008 update summary of the North Anomaly's porphyry copper/molybdenum potential.  Interestingly the PDAC's Sunday afternoon symposium on outlook of supply and demand ratios for metals highlighted that copper and molybdenum were highest on the list of requiring new mine discoveries; molybdenum now entering its 7th year of deficit.  

 

Dr. Foster's summary and the company's June 30, 2007 year end financial statements are posted on O.T.'s website: www.otmining.com; the former under Properties, North Anomaly and the latter under Financials.

 

Should you have any questions, please contact the undersigned at (514) 935-2445 or at info@otmining.com.

 

Sincerely yours,

 

 

James W. Hess

 

 

James W. Hess

President

 

JWH/nf

 

Disclaimer: This shareholder letter contains forward-looking statements regarding the Company, within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the anticipated timing, process and scope of further exploration and drilling activities.  These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks.  Actual results relating to any and all of these subjects may differ materially from those presented.  Factors that could cause results to differ materially include economic and political events affecting supply of and demand for base and precious metals, fluctuations in commodity prices, negative results of environmental or technical studies, negative results of further exploration, drilling programs, problems or delays in or objections to the permitting process, failure or delay of third parties to provide services, changes in the attitude of state and local officials toward the Ruby Project and other factors.  Additional information is available at the Company's website at www.otmining.com.

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

OT Mining Corp.

EXPLORATEUR
CODE : OTMN
CUSIP : 671061109
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OT Mining est une société d’exploration minière d'argent et d'or basée au Canada.

Ses principaux projets en exploration sont RUBY PROPERTY et BASIN MILL en USA.

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