think thats one point 07pennies not 's ald.....

Baler...youre right...hope Aldo aint been spending all that money he thinks hes made...... the gravel drive will have to stay...

Sold all mine @ 1.10

new drive then.......lol

Aldogood for you.hope they paid you out 1-10?

Drilling new's coming soon , but they have gone up 80% + since i bought them one month ago. But my profit is only 50% because i have been locking in gain's on the way up.

because you're a prudent chap

thats not what you call me cynic........

THE DAILY EXPRESS
Italian job talk lifts Resolution
Hopes of Turkey drilling update lift Tri-Star Resources

http://moneyam.uk-wire.com/Article.aspx?id=201012170700071483Y

Back in @ 0.91

Aldo....0.91 of one penny...

Topped up today.

China defended its policy of imposing strict controls over the export of rare earth minerals.

up 18 % so far this morning

1.14 bid this afternoon now back to 1.11

Antimony supply really has collapsed

Antimony is a rare, silver-grey metal. Its most common use is as a fire retardant in objects as diverse as toys, clothing and car and plane seat covers. As an alloy it is also used in soldering, in lead batteries and in ball bearings. It is now also finding some use in microelectronics.

It's a tiny market. Worldwide 187,000 tonnes were produced in 2009. To put that in perspective, somewhere near 16 million tonnes of copper was produced in the same time.

But here's the clincher: of those 187,000 tonnes, 170,000 - or 91% - came from China. But China has capped production this year to 100,000 tonnes. With demand unchanged above 150,000 tonnes, this has forced a supply crunch. As a result, the price has tripled, from $4,000 a tonne in 2009 to about $12,000.

Even at these high prices antimony will still be bought. The amount of metal used in, say, a seat cover is so small that a higher antimony price barely affects the overall economic viability of the industrial item in question.

Nobody quite knows why China has capped production. In the central province of Hunan, which produces about 60% of the world's antimony, hundreds of illegal antimony smelters have been closed down. This may be to do with pollution. The area has a high rate of lung cancer and other illnesses. Antimony and many of its compounds are toxic. The effects of antimony poisoning are similar to arsenic poisoning. Some of the smelters have been told they may re-open once they comply with environmental regulations.

In that context, you can understand China's decision. But the challenge now is to build viable antimony mines outside China. And that's a challenge that's being led by - of all people - the Chinese. Last year the Hunan Nonferrous Metals Corp - the biggest antimony producer in China - paid $29.5m in cash for the Canadian Beaver Brook Antimony Mine. This was North America's only producing mine.
It's hard to find pure antimony explorers

Several other countries look to have significant reserves, including Australia, Bolivia, Canada, Thailand and Turkey, among others. The problem for the investor is that it's hard to find pure antimony plays.

Mountain Lake Resources (TSX.V: MOA) - an explorer I like the look of - might be onto something at its Little River Gold property in Newfoundland. But the company is, in its own words, 'focused on gold exploration'. The same goes for Silverado Gold Mines (SLGLF.OB) which seems to have found something at its Noland Creek project.

Listed on Aim in the UK - and regular readers will know I'm not keen on Aim - is about the only pure antimony exploration play I can find, Tri-Star Resources (LSE: TSTR). But the horse has bolted. Since September it's risen from 0.35p to 1.16p. It's not hard to see why given the antimony story, but this stock now has a market cap above 50m.

To me that's excessive. Its main property, the Goynuk mine in Turkey, may well prove to be the real deal. But it is still, in the words of Tri-Star, 'poorly explored'. In other words, until now, it hasn't been properly drilled.

A 17-hole drilling campaign began in October but we still await results. I'm not saying it won't go higher. But it's hard to justify this valuation at this stage in the company's development. I don't own stock in this one.

Drill results due end of month , price brake out this week

Tri-Star Resources Plc

("Tri-Star" or the "Company")



Assay Results





The board of directors of Tri-Star (the "Board") is pleased to announce that the Company has now received all the assay results from the drilling programme completed in December 2010. Having considered the results, despite the area subject to survey representing only a very small part of the Company's licence area, and that additional drilling and evaluation are necessary, the Board is satisfied that the mine contains sufficient antimony (Sb) resources to make mining and processing operations commercially viable. As a result, the Board will immediately begin the process of driving Tri-Star towards commercial production.



The Board is particularly encouraged by indications from the 2010 drilling results that the high grade mineralisation may continue at high levels into areas as yet unexplored. In addition, it is pleased to note that the results indicate that there are layers of high grade mineralisation of 4% to 6% Sb, with areas above 20% antimony, which are significantly above the average mineralisation level.



Unlike many other minerals, the mining and processing of antimony is a relatively simple and low cost operation. Accordingly, the Company will focus initially on antimony, however, the Board does not rule out the exploitation of other minerals if found in commercial quantities.



The Board is in the process of finalising a placing to raise funds for a further detailed assessment of the antimony deposit within the immediate mine area, to extend the drilling programme into new areas of the Company's mining licence and to commence the planning, design and approval process for the construction of a processing plant.



The Company produced both saleable trioxide and antimony metal in 2008 in a third party contract with a smelter. Taking this and the assay results into consideration, the Board considers the project's metallurgical risks to be low.





Enquiries:





Tri-Star Resources Plc

Michael Hirschfield




Tel: +44 (0)844 8157 339

Strand Hanson Limited (Nomad)

James Harris / Paul Cocker


Tel: +44 (0)20 7409 3494





Keith, Bayley, Rogers & Co Limited (Broker)

Simon Frost / Brinsley Holman




Tel: +44 (0)20 3100 8300

Positive assay findings for Tri-Star
Article Date: Jan 31 2011

Positive assay results from antimony explorer Tri-Star Resources (TSTR) confirm that it has a commercially viable operation in Turkey. Having completed a drilling programme last month the AIM quoted concern has only explored an area that represents less than 1% of its prospecting license.

Even with this small sample set Tri-Star has confirmed that the high grade mineralisation it has already encountered may well spread to areas it has yet to explore. Layers of mineralisation have proved very high with some rock showing as much as 20% antimony. There is also the distinct possibility that Tri-Star may find gold and silver in its drilling area.

Volume demand for antimony is increasing at 7% per annum with the price recently surging to a high of $13,500 a tonne. The main market is in China with 91% of world supply however the country has recently taken steps to close down some of its mines to help contol supply.

Tri-Star plans to refine its knowledge in the area under investigation as well as further expanding its search area. To help further its drilling programme the AIM listed concern is finalising a placing that will probably secure in the region of $2m. This will be used to commence the planning, design and approval process - a larger sum to undertake a more comprehensive drilling programme is not necessary at this juncture.

The mining of antimony is a relatively straight forward open cast process so there may well be scope to sell the product through a third party smelter or perhaps even operate its own. Last recommended in Growth Company Investor in December at 1.1p the shares have edged ahead to 1.13p and remain a speculative buy.

This story is from Growth Company Investor, the independent voice on

1.5p next!!!

kerrrrrrrchinnnnnnnnnggggggggg