NEW BACKERS 1ST THING MONDAY.OPEN UP 2.5P

By Dylan Lobo | 00:01:00 | 14 February 2009

Rising gold price

BlackRock gold specialist Evy Hambro expects the gold price to rise on the back of a fall in production of the precious metal this year.

Hambro, who manages BlackRocks popular World Mining and World Gold funds, said gold is currently benefitting from the global turbulence. A gold bar is nobody else's liability and is often reached for in periods of political and economic uncertainty. Gold is a natural place for people to turn to in these times, when assets such as mortgage backed securities, that were regarded as ultra safe 18 months ago, have turned out to be anything but.'

The gold price is currently hovering at around the $900 per troy ounce mark. Hambro sees this swelling as production problems mean demand gold fails to be met.

Over the medium to long term the underlying supply and demand fundamentals have a bigger part to play in determining the price. Gold production fell last year and may fall further in 2009. This is partly due to the lack of exploration success by the gold mining industry which discovered 15 million ounces last year, compared with production of 80 million ounces, Hambro said.

http://www.mrscohen.com/personal/-/news/markets-companies-and-funds/content.aspx?ID=329438

FLYING AS HIGH AS ICARUS
The gold:silver ratio - pointing to higher prices all round?
Silver defies its fundamentals in maintaining a price ratio which relates to gold and the movement in this is taken by many silver investors as a guide to forward prices.

Author: Rhona O'Connell
Posted: Friday , 13 Feb 2009

'Silver's outright fundamentals do not justify prices at these levels, but for as long as the market retains its bullish stance and investors keep coming for the metal then any industrial surplus this year stands a good chance of being absorbed and when investors like the look of gold, some of them will like the look of silver even more. This metal is, however, flying almost as high as Icarus and when that ratio starts to rise, then silver speculators had better be watching very closely'.

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=78388&sn=Detail

The previous 3 RNS's have come at 7 o'clock on a Monday morning and with 4 weeks gone since the 18th of January deadline I have high hopes for the RNS to come through finally tomorrow morning. Especially with the new board appointment at the beginning of last week which was going to coincide with conclusions on funding & acquisition according to first RNS back on 22nd December 2008.

d/T28
we have some nice gold/silver charts on here. could you please post us a chart of the stock in question i.e FML it would be most appreciated.
many thanks
regards
jkd

2 Year Chart:-

New high close for Silver on Friday, on current uptrend which began before Christmas, Gold reserves calculated at $600 and Silver at $12:-

crikey
that was quick.
any chance of better one? one that can be read a bit easier?
hope your as quick.
many thanks
regards
jkd

1 Year Chart

i might be pushing my luck here but.. any chance of a 6 monthly?
ta
regards
jkd

6 Month Chart

. Topped up a few more and hold 1.20 million now. IMO 1.50-2.00p is very near and hopefully this week. Drilling news on Benkala and other projects is also expected.

'Johnston. FML paid $20 mil for the 50% JV in the Benkala copper mine. This equates to 14 mil. At todays close the mkt cap is a ridiculous 1.5 mil.

The focus will now be news on the mine. See last update on the mine circa Oct 08.

FML has secured it's future, the price should recover from here on in. Should see a retrace back to 5p at least. Remeber FML have gold/silver assets too. And we all know what's happened to the gold prices recently'.

New Highs for Gold and Silver again today on current Uptrend:-

New financing arrangements (Frontier Mining)





TIDMFML

RNS Number : 3975N
Frontier Mining Ltd
16 February 2009

?




16 February 2009
AIM: FML


FRONTIER MINING LTD
("Frontier" or "the Company")


New Financing Arrangements and Increase in Authorized Share Capital




The board of Frontier (the "Board") is pleased to announce that the Company has
signed heads of terms with a new lender to provide a $10 million debt facility,
subject to the completion of due diligence. Under the heads of terms, the
lender will be granted warrants to subscribe for ordinary shares in the Company
representing up to 50.1% of the enlarged share capital of the Company at an
exercise price of 1.5p per warrant. $200,000 of the new funding has already
been received by the Company and its subsidiaries.


The Board believes that the funding provided under the heads of terms will
provide the Company with sufficient working capital for the foreseeable future
and allow it to repay its commitment to Coville Intercorp Ltd.


The Board is also pleased to announce that the majority of shareholders have
voted to increase the authorized number of shares of common stock of the Company
from 500,000,000 to 1,500,000,000 each $0.01 par value.
Brian Savage, Chairman and CEO of Frontier commented "We are extremely pleased
to have signed the heads of terms which has already provided funding for the
Company.This puts us in a very good position to advance the development of the
Benkala copper project."

Frontier presenting to investors in April:

http://www.proactiveinvestors.co.uk/register/event_details/47

Gold Climbs to Seven-Month High in London as Economy May Worsen
By Nicholas Larkin

Feb. 17 (Bloomberg) -- Gold rose to its highest in almost seven months in London as investors bought the precious metal to preserve their wealth on speculation the global economy will deteriorate. Silver climbed to a more than five-month high.

http://www.bloomberg.com/apps/news?pid=20601082&sid=acerPa4tlqXg&refer=canada

Options Traders Go For Gold
Andrew Wilkinson, Interactive Brokers, 02.17.09, 12:50 PM EST

Gold shoots higher toward $1,000 on global fears and gives rise to a big Randgold Resources calendar call spread.

http://www.forbes.com/2009/02/17/randgold-priceline-vix-personal-finance-investing-ideas_0217_options_strategies.html?partner=alerts

1.5 BILLION shares issued!! Already over-valued, even more so now.

Never quite reached 1.5-2.00p did it.

Nice close on Gold & Silver today at $970.10 and $14.09 respectively.

From Interims in Sept' 2008:-

At Naimanjal deposit:-

'The gold equivalent grades discussed above were derived by converting silver grades to gold equivalent by dividing them by a factor of
92.5. This factor is derived from gold and silver metallurgical recoveries of 74% and 40% respectively and gold and silver prices of US $600
per ounce and US $12 per ounce, respectively'.

From Yesterday's RNS:-

'The Board believes that the funding provided under the heads of terms will
provide the Company with sufficient working capital for the foreseeable future
and allow it to repay its commitment to Coville Intercorp Ltd'.

On Benkala:-

'Outlook

Once the regulatory issues are resolved, Naimanjal's production will meet management expectations. The disappointing results to date are
not technical in nature and we therefore hope to resolve all issues shortly. We are confident of additional potential at Koskuduk and
Beschoku and look forward to implementing bulk metallurgical tests at both projects in 2009 to determine future development plans. Whilst
Naimanjal is an important near-term value driver for Frontier, we remain convinced that Benkala is a company-transforming asset. Recently
announced recovery rates of up to 65.3% of copper in oxidized ore over 70 days are very promising for the potential development of a low
capital cost heap leach and SX-EW processing operation. We look forward to the results of the current drilling and anticipate further
confirmation of the existing resource'.

Copper price above $4000 for the first time and FML is the cheapest copper play apart from Afica Copper.