silverado goldmines (867737)
Pure Energy: Coal-to-Liquids-to-Profits
Thursday, June 15, 2006
By Pure Energy
By Luke Burgess
Even Buffett is betting on cleaner coal
Today, the world is at a crossroads. Explorers and geologists are struggling to find the new oil and natural gas resources needed to sustain the energy demands of modern society.
Dwindling supplies and the ever increasing demand from almost every country in the world have put these fossil fuels in short supply. The consequences of this shortfall are already apparent in day-to-day life. Blackouts, power surges, and near vertical increases in energy prices now plague nations globally.
We've essentially painted ourselves into a corner as modern civilization has become almost fully dependant on oil and natural gas.
These fossilized fuels are the lubricant that greases the wheels of progress. And the catch-22 of it all...the never-ending use of these fossil fuels may doom us all.
Something must be done.
Kicking the Habit
There are several different technologies currently being developed with the goal of breaking our oil addiction. One such technology is a process of turning solid coal into synthetic, liquid fuels.
Coal? You bet!
It used to be the energy industry's four-letter word. But today, thanks to modern technology, that's all changing.
Coal-to-Liquid (CTL) technology is able to convert the black, rocky fuel into valuable, high-quality synthetic fuels. These fuels include clean, sulfur-free synthetic diesel and jet fuel.
The most common way to convert coal into liquid fuels is the Fischer-Tropsch process, named after two German scientists who developed the technique back in 1925.
To create the synthetic fuel, coal is mixed with oxygen and steam at high temperature. Pressure is then added to produce carbon monoxide and hydrogen. The second step, called Fischer-Tropsch synthesis, uses a catalyst to transform the gas into a synthetic liquid, which is further refined into diesel or jet fuel. Along the way, mercury, sulfur, ammonia and other compounds are extracted and can be sold on the commodities market.
Now, the diesel that's produced using the Fischer-Tropsch process is a lot different than what you'd buy at a gas station today -- it's much better.
A Superior Product
You see, the shelf life on normal diesel fuel is only about three to four months. But using the Fischer-Tropsch process, companies can produce a synthetic diesel with a shelf life of up to eight years. This will make these synthetic fuels the number one choice for military use and strategic reserves.
This would also enable the military to finally scrap the half dozen other different fuels they're currently using with a single battlefield fuel without having to switch engines or other parts as it works "as is" in any diesel engine in use today. And that has the government eager to get this technology rolling.
When the F-16 was developed in the early 70s, it was regarded as a superb dogfighter and marveled for its ability to execute turns at a stomach clinching G-force 9. But incredible feats like this don't come cheap. Get this -- when the F-16 fires up its afterburners, the fighter jet burns 28 gallons of jet fuel per minute! And you thought your Navigator was hard on gas.
With gas chugging rates like this, it's no wonder the Air Force uses more than half (nearly 53%) of all the fuel consumed by the United States government each year.
According to statistics released by the Pentagon, the Air Force consumed 3.2 billion gallons of aviation fuel in fiscal year 2005. And, believe me, all this fuel didn't come cheap. The total Air Force bill for jet fuel last year topped $4.7 billion. And that's with last year's average oil price of $56.49 a barrel. Nowadays, oil is much more expensive.
The Energy Information Administration (EIA) expects oil to average below $68 this year. But with the way things are looking, I expect oil prices to average well above $70 a barrel for the year. And, unfortunately for taxpayers like you and me, every increase of $10 per barrel of oil drives up Air Force fuel costs by $600 million per year. So, as you can see, there is a serious need to figure out some way to cut fuel costs.
Well, as it turns out, the Air Force is currently testing a technology similar to Coal-to-Liquids -- Gas-to-Liquids (GTL). This technology also uses the Fischer-Tropsch process to produce synthetic liquids but uses natural gas instead of coal.
In a series of tests, the Air Force will try to prove that the American military can fly its aircraft by blending traditional crude-oil-based jet fuel with a synthetic liquid made from natural gas.
The Air Force says that by late this summer, a B-52 is scheduled to take off in an experiment in which two of the monster bomber's engines will burn jet fuel produced from natural gas. If the synthetic blend works, Air Force officials say they will increase Gas-to-Liquid fuel use up to 100 million gallons during the next two years.
And if these trials prove valuable, synthetic fuels could ultimately replace all conventional oil-based fuels for the entire military which means big business for the sector.
Now gas-based synthetic fuels are great. But coal-based synthetic fuels have huge advantages over natural gas-based fuels.
Economic and Abundant
As it stands today, producers can generate 42 gallons (one barrel) of synthetic fuel from 10,000 cubic feet of natural gas. But here's the catch: The total cost to make one barrel of synthetic fuel using natural gas is over $60 a barrel. Most of that cost comes directly from the cost of natural gas. And as we know, today's natural gas prices are only temporary and set to increase. So synthetic liquids made from natural gas will be far be economic with $10 or $15 natural gas.
But to produce the same 42 gallons of synthetic fuel would cost just $10 if made from coal. That's a huge benefit. And here's the best part of it all...
The United States is essentially the Saudi Arabia of coal.
The most recent estimates show that the United States contains roughly 267 billion tons of in-place coal reserves. That's nearly 30% of the entire world's recoverable coal! That means there's no need to import the resources needed. We already have a massive resource right in our backyard.
Oil prices are subject to geopolitical turmoil like the nuclear standoff between western nations and Iran that's going on right now. But not coal. Since all the coal we'll need for quite a while is right here in America, we won't have to worry about politics
But wait a minute -- isn't coal filthy?
Sure, if you're burning it and let the emissions fly into the atmosphere. But the Fischer-Tropsch process that will be used by CTL manufactures is different. The process actually traps the emissions and recycles them for use in other applications.
A Cleaner, Greener Coal
The Federal Clean Air Act, first passed as federal law in 1970, and last amended in 1990, is being taken more seriously than ever.
The basic elements of the act include national ambient air quality standards for major air pollutants, hazardous air pollutants standards, state attainment plans, motor vehicle emissions standards, stationary source emissions standards and permits, acid rain control measures, stratospheric ozone protection, and enforcement provisions.
CTL fuels are very clean burning and substantially reduce emissions when compared to other fuels. They contain no sulfur, aromatic compounds or metals, and have a high octane number in comparison to standard diesel. CTL fuels have more benefits all around when compared to conventional fuels.
The Future for CTL
Experiments with CTL fuels have found that they have the very same characteristics that will make an excellent feedstock for fuel cell technology.
CTL fuels contain high amounts of hydrogen, twice that of methanol. Hydrogen is the fuel necessary to generate power for a fuel cell. CTL fuels, being devoid of sulfur, aromatics and metals, allow for little or no residue build up in the fuel cell process unlike other fuels being studied today.
Additionally, the fact that CTL fuels can be delivered through the existing infrastructure makes the use of CTL fuels for fuel cells practical and more economical than other fuels.
Synthetic fuels have been branded by top industry leaders and analysts as the technology that will turn the oil and gas industry on its head.
Even some of the biggest names on the investment stage, like Warren Buffett, are positioning themselves for this breakout.
Buffett Bets on Coal
An energy company owned by investment mogul Warren Buffett recently bought 8,500 acres of coal-rich land in Johnson County, Wyoming. The intent is to establish power generation projects.
The land purchased by Iowa-based MidAmerican Energy Holdings Co. is located between Buffalo and the southern end of Lake DeSmet.
While MidAmerican didn't outright say that they plan to employ CTL technology, the company did say that they acquired the land "as part of a long-term plan to meet energy needs in the West."
Ok -- Coal-to-Liquids technology isn't a magic answer to our energy crisis. It will, however, delay the impending catastrophe. But it's certainly is going to be a big step in the right direction. And that's why it's so important.
And there's no doubt in my mind that this technology is going to make a lot of money for a lot of smart investors just like you.
Luke Burgess is an author and editor of Energy and Capital (www.energyandcapital.com) and Gold World (www.goldworld.com). Both letters offer technical analysis on resource markets.
anzeigenunterschiede- z.b.: bei comdirekt- 531 mio, bei PCquote- 544mio
haben die unterschiedliche rechnungsgrundlagen? zählen die einen die optionen für 06 mit? ist mir auch schleierhaft.
heute jedenfalls wurde wieder so ein mysteriöser 300k-bloch verkauft- rumms- runter auf 0,0778 und anschließend mit 100!!! stücken auf 0,086 hochgezogen. das gleiche spielchen wie am freitag- hat lichtblick ja auch schon bemerkt.
komische sachen laufen da ab.
erstaunlich finde ich das immer noch anhaltend hohe handelsvolumen.
gruß - kl.
Wäre ja toll, aber nur ein Witz.
Herr Buffet weiss was er tut ganz bestimmt sogar... ;)
Bin mal auf den Kursverlauf heute und morgen gespannt. Ich erwarte ne steife Brise nach Norden aber mal schaun was wirklich passiert...
Kommt Zeit, kommt grosser Badabumm *fg*
Garryyyyyyyyyy, it´s show time !
steht eine entscheidung kurz bevor?
oder sind alle slglf-fans in usa auch gleichzeitig soccer-fans?
gruß - kl.
ab heute wird produziert. Die Amis haben aber auch noch Zeitverschiebung...
da werden schon noch News kommen... Ganz sicher sogar und wenn sie nicht heute oder morgen kommen kann es von mir aus auch noch 10 Tage dauern....
Tochter, nach 9 Monaten von Ihrem AuPair Aufenthalt,
abzuholen. Entspanne mal etwas am Meer und lass mich dann überraschen
was bei meiner Rückkunft Ende nächster Woche eingetreten ist.
Gruß an alle
Lichtblick.
http://www.silverado.com/june122006/
NOLAN GOLD MINE
– GOLD RECOVERY TO BEGIN –
– EXPLORATION DRILLING TO BEGIN –
JUNE 12 , 2006 - Fairbanks , Alaska – USA - Vancouver, BC – Canada
SILVERADO - OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
Silverado President Garry L. Anselmo has just returned from a weeklong inspection of operations at the Nolan Gold Mine, located 280 road miles North of Fairbanks, Alaska.
The crew is working aggressively to install the gold concentration equipment and to finish installation of the ponds system, pipelines and pumps. Gold recovery is scheduled to begin June 21, and will be facilitated by utilizing water and gravity methods, which results in a zero discharge to the environment operation. The sluice box is being modified to include additional nugget traps and classification methods to collect the different sizes of gold nuggets more efficiently.
We know the nuggets are abundant in the material to be sluiced because of our own studies and those of an independent certified geologist. More than 98% of the gold recovered by sampling is jewelry quality. Throughout our sales of some $10 million worth of Nolan gold in past years, our gold nuggets have sold for an average of 67% above the spot price of gold. At current prices, Silverado would receive over $US 1000 per ounce for its gold.
The picture above using a quarter for size reference, was taken by Silverado and was used in the Independent Professional Geologist Report of Tom Bundtzen dated April 17, 2006.
The samples taken from the Swede Channel deposit yielded 11.64 troy ounces of gold ( shown above ), which was extracted from less than 1/3 of a yard of combined gold bearing gravels and bedrock.
The same independent geologist’s sampling in January 2006, of six areas of select ground in known high grade portions of the gold deposit yielded grades ranging from nil to 29.52 ounces / cubic yard and averaged 12.36 ounces / cubic yard.
In March 2006 the same geologist sampled newly mined areas of the deposit. One sample from a known high grade zone in this part of the deposit contained 4 nuggets weighing 6.48 troy ounces. The largest was 5.64 troy ounces. In all, 9.72 troy ounces of coarse nugget gold was found in eight localities with the use of a metal detector during about four hours of non-rigorous sampling. These sample sites must be considered to be selected high grade examples, and do not constitute average gold grades for the deposit. Never-the-less, the results of the panned concentrate samples reported indicate that localized, very high grade gold bearing zones are present in the Swede Channel currently being exploited by Silverado.
A drilling program is set to get underway within a week. Our drill geologist is onsite and working with mine management to optimize our exploration spending. We will be looking at areas of the project which are the most likely to support the kind of underground mining we did last winter and also plan to do this coming winter. In addition, we have found at least one area which is shaping up to be a low cost open cut placer gold project.
With anticipated good gold recoveries and significant drill results, the summer should be a rewarding and exciting time for Silverado and its valued shareholders.
This press release was prepared by Edward J. Armstrong, CPG, a qualified person under NI 43-101 standards.
To learn more about Silverado Gold Mines Ltd.., visit us online at http://www.silverado.com or contact Bob Dynes, Investor relations, toll free at 1-800-665-4646.
SILVERADO GOLD MINES LTD.
Mailing Address · 505 - 1111 W. Georgia Street ·Vancouver, B.C. · V6E 4M3 · CA
(800) 665-4646 or (604) 689-1535 · F: (604) 682-3519 · pr@silverado.com · www.silverado.com
Field Address · P.O. Box 83730 · Fairbanks, Alaska. · 99708 · USA
19:02:49 0,0800 100
18:59:50 0,0756 300.000
und anschließend mit 100 stk. wieder hochgezogen-
da will/muß jemand noch was los werden-
ansonsten juckt das mit dem gold anscheinend keinen-
ich selber finde slglf auch nur wegen des green-fuel interessant-
(jedenfalls solange nicht die supergoldader gefunden wird)
bin schon auf den heutigen schlußstand gespannt.
gruß - kl.
zumal sich der bereich zwischen 0,075 und 0,08 als recht stabil
erwiesen hat und auch der goldpreis steigt.
fehlt nur noch ein bißchen bashing von kicky, aber die ist wohl
grad bei anderen aktien in aktion (ham die`s gut ;-)
gruß - kl.
bei der euphorie würds eine steilvorlage werden ;-)
naja - aber die 0,08 hat gehalten - auch schon was.
gruß - kl.
Ich denke aber dass falls nicht erneut unerwartete Nachrichten kommen wir vielleicht schon diese Woche den erneuten Anstieg über die 0,10 $-Marke schaffen.
Also Glück auf für die neue Woche...