Pat McKeough responds to many personal questions on specific stocks and other investment topics from the members of his Inner Circle. Every week, his comments and recommendations on the most intriguing questions of the past week go out to all Inner Circle members. And each week, we offer you one of the highlights from these Q&A sessions.
Last week, an Inner Circle member had a particularly intriguing question about commodity stocks. Specifically, he wanted Pat’s opinion on a company that is using a revolutionary technology in an area in which traditional methods don’t work.
Q: Pat: Your views on DNI Metals, please. It’s very early stage but uses an interesting technology to extract minerals.
A: DNI Metals, (symbol DNI on Toronto; www.dnimetals.com), aims to produce a number of metals from its Alberta Black Shale project, located about 900 kilometres north of Calgary. These metals include molybdenum, nickel, uranium, vanadium, zinc, copper, cobalt, plus specialty metals (scandium, lithium and thorium).
Traditional mining methods won’t work on black shale rock, so the company will use a process called bioleaching to remove the metals.
Using this process, DNI will dig up the ore, pile it onto a leaching pad and irrigate it with a solution containing certain bacteria. The tiny organisms then “chew up” the rock and expel the metals as waste. The metals are then piped into a refinery and separated.
As a member of my Inner Circle, you will get individual answers to your personal investment questions. And you will see my answers to questions other investors like you are asking. In fact, you will get virtually all the investment advice I have to give. You will have access to all of our advisories – The Successful Investor, Wall Street Stock Forecaster, Stock Pickers Digest and Canadian Wealth Advisor – and full access to the members-only, password-protected Inner Circle section of The Successful Investor Network website.
Although my team carefully researches all the stocks that members ask about, I personally review each and every recommendation. To ensure this close personal attention, only a limited number of members can be admitted to our Inner Circle. Under the pressure of world events, even more investors are asking for my personal investment advice. We are nearing our membership limit already. Click here to secure your membership in the Inner Circle right away.
Commodity stocks: First bioleaching mine opened in Finland
In nature, bioleaching is triggered spontaneously by micro-organisms in the presence of air and water. Commercial technologies modify this process so the metal can be recovered faster.
COMMENTS PLEASE
Have you ever tried to get in on the ground floor by investing in a company that had a new technology or new product? Did you do extensive research on your own before you did so? How did that work out for you? Click here
On December 31, 2011, DNI held cash of $2.7 million, or $0.04 a share. It’s using up its cash at a rate of about $162,000 a quarter, so it has enough to carry on its exploration and development at the current pace.
Bioleaching is now in use at the Talivaara mine in Finland. However, that mine faced start-up problems and environmental issues.
In the most recent Inner Circle Q&A, Pat looks at DNI’s prospects of successfully financing and building a mine with the added risk of a technology that has only a limited track record. He concludes with his clear buy-hold-sell advice.
Inner Circle members see Pat’s analysis and recommendations on the stocks that other members have asked about in each week’s Inner Circle Q&A. You can view it immediately when you become a member of this unique investment group. You will get Pat McKeough’s answers to your personal investment questions, full access to our members-only Inner Circle website, and many other membership privileges. Click here to get started right away.
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