DGAP-News: North Thunder Bay Mining See Copper Prices Robust over the Mid-Term
(firmenpresse) - DGAP-News: North Thunder Bay Mining Co. Ltd. / Key word(s):
Miscellaneous
North Thunder Bay Mining See Copper Prices Robust over the Mid-Term
23.03.2011 / 14:54
---------------------------------------------------------------------
North Thunder Bay Mining See Copper Prices Robust over the Mid-Term
Toronto, Canada - (For immediate release) - March 23, 2011
North Thunder Bay Mining Co. Deutsche Börse symbol: 84N
(www.norththunderbay.com), is expecting copper prices to fluctuate in the
short-term, but maintain upward pressure over the mid-term.
Factors that will play out in the short-term relate to the uncertainties in
regards to Libya; Japan's natural disaster and tenuous situation with its
nuclear reactors; and China's actions to reign in inflationary pressure.
Looking ahead, Japan will be rebuilding once things stabilize. China is
most likely going to continue to be a major copper importer, despite the
fact that imports fell by nearly 36% in February. However, this was
largely anticipated, as their major national holiday and the shortest month
of the year were primary causal factors.
The price of copper held its own over the past week, which is a strong
signal that it continues to be in demand. Some experts expect that copper
will continue to trade between $9,000 and $10,000 per metric tonne.
The Company is very optimistic that it's Lubo-Boneng copper, gold and
silver play will be able to move forward as planned, and will not be
affected by any short term fluctuations in price.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of North Thunder Bay Mining Co.'s plans, goals and expectations
regarding its future financial condition, performance, results, strategy
and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans',
'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will'
and variations of these words or similar expressions are intended to
identify forward-looking statements. In addition, any statements that refer
to expectations, beliefs, plans, projections, objections, performance or
other characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. Forward-looking
statements in this press release are not promises or guarantees of future
performance and are subject to risks and uncertainties that could cause
North Thunder Bay Mining Co.'s actual results to differ materially from
those anticipated. North Thunder Bay Mining Co. cautions the reader not to
place undue reliance upon any such forward-looking statements. These
forward-looking statements involve known and unknown risks as well as
uncertainties, including those discussed herein as well as the following:
(i) domestic and global economic and business conditions; (ii) market
related risks and the performance of financial markets generally; (iii) the
policies and actions of regulatory authorities; (iv) the impact of
competitive factors; (v) risks and uncertainties associated with future
acquisitions or combinations within relevant industries; and (vi) changes
in capital, solvency or accounting standards as well as tax and other
relevant legislation or regulations in the jurisdictions in which North
Thunder Bay Mining Co. operates. The actual results that North Thunder Bay
Mining Co. achieves may differ materially from any forward-looking
statements which are based on management's beliefs and opinions at the time
the statements are made. North Thunder Bay Mining Co. does not undertake
any obligation to update forward-looking statements should circumstances or
management's beliefs or opinions change.
For further information please contact:
North Thunder Bay Mining Co.
Hudson Bay Center
2 Bloor Street East
Suite 3500
Toronto ON
M4W 1A8
Email: info(at)norththunderbay.com
End of Corporate News
---------------------------------------------------------------------
23.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
116634 23.03.2011
Datum: 23.03.2011 - 14:54 Uhr
Sprache: Deutsch
News-ID 33553
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 241 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: North Thunder Bay Mining See Copper Prices Robust over the Mid-Term"
steht unter der journalistisch-redaktionellen Verantwortung von
North Thunder Bay Mining Co. Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
