Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
The secret to successful investing, many experts will tell you, is identifying the next big trend, and then getting in with your money before the stampede of investors. The Daily Reckoning reports on what could be the world’s next wonder material — graphene — used to make cheap solar panels, super-powerful transistors, and even the ability to make a jet fighter invisible:
(Each of these breakthroughs) involve a wonder substance called graphene. It’s made from graphite – the same stuff you find in the center of a pencil. Except graphene consists of a single layer of carbon atoms.
According to the story, graphene can be used to make solar panels economical, as a substitute for silicon in order to make electronic devices work faster using less power, and even to make a “cloak of invisibility” like the Klingon warships on Star Trek.
While something that goes into the head of a pencil should be plentiful, graphite is in fact rare, says The Daily Reckoning. The consequent high prices of the material puts it on the radar screen for miners and potential investors:
“Good graphite is not that easy to find,” remarks our resident geologist Byron King. “Graphite prices have more than doubled in recent years. Based on recent quotes, a ton of 97% pure graphite goes for over $2,000. A ton of ultra-pure, 99.99% graphite will set you back over $20,000.”
Another wrinkle: “China controls 80% of the global graphite market – just like China runs 97% of the world supply of rare earths. But the Chinese are running low on graphite reserves – same story as with rare earths.”
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Prisonboy96
Focus Metals my friends.