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 SCORPIO MINING (SPM.to) or (SMNPF.pk)

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PostSubject: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Fri May 25, 2007 9:31 am

Looks like SPM.to insists on checking the 200 DMA, which is probably good to get out of the way, for a strong new move, under better market sentiment. I will add more, if SPM.to touches the 200 DMA.

The fundamentals for SPM have only gotten better, especially with the announced gold spinoff. I remain very bullish on SPM


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PostSubject: I am bullish on Scorpio.....SPM.TO..SMNPF.PK   Sat May 26, 2007 9:20 am

it dropped below the price that Bull and myself paid for our ourchases !! Crying or Very sad

I am buying more if price goes down below 1.55 !

I ususally do not average down - here I will ! Laughing
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PostSubject: ACCUMULATE   Sat May 26, 2007 6:19 pm

I think you got the right idea on SPM. If their schedule holds, they will be producing, by Dec. silver, zinc and lead. I am anxiously, awaiting their updated resource estimate and announcement of mill being built. They can't do that yet, because the have to release the feasiblity study first. All this will happen soon, when it does, up she goes!!! bounce
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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon May 28, 2007 8:26 am

Admin wrote:
. especially with the announced gold spinoff. I remain very bullish on SPM

I wasn't aware of the spinoff (or I track too many stocks and forgot!) How long ago was it? I wonder if it gave the share price a short-term bump
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PostSubject: Scorpio news   Mon May 28, 2007 9:37 am

Studbkr,

I am not sure why the market, seems to not have noticed. I see the following as great news.

http://www.scorpiomining.com/s/NewsReleases.asp?ReportID=186848&_Type=&_Title=Scorpio-Mining-Corporation-Creates-Gold-Subsidiary

Pre-feasibility, by the beginning of June, at the latest. bounce

http://www.scorpiomining.com/s/NewsReleases.asp?ReportID=188700&_Type=&_Title=Scorpio-Mining-Corporation-Pre-Feasibility-Update

I have been waiting a long while for this. SPM can announce, that the mill is being built, anytime after the pre-fis, is released. cheers

I will do a silver equivalent resource and reserve estimate, and post the numbers as soon as they release the pre-fis.

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PostSubject: Nice!   Wed May 30, 2007 8:19 am

First results from a brand new zone. Scorpio keeps their status as never having missed a hole. cheers



http://www.scorpiomining.com/s/NewsReleases.asp?ReportID=188870&_Type=&_Title=Scorpios-Surface-Drilling-of-Santa-Teresa-Reports-Mineralized-Intercepts-Un...

Quote :
Wed May 30, 2007
Scorpio's Surface Drilling of Santa Teresa Reports Mineralized Intercepts; Underground Drilling Targeting the Extension of the Sept 9 Zone Hits 7,290 g/t Ag, 16.95% Zn, 9.72% Cu, 2.64% Pb and 7.39 g/t Au over 1.0 metre

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PostSubject: SPM   Wed May 30, 2007 2:41 pm

SPM is my second largest holding after MMG. I bought more today, but I have had to sell other “good” stocks at a loss to do so. Maybe I’ll just turn off the computer until the market turns.
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PostSubject: Patience is a good paymaster   Wed May 30, 2007 11:53 pm

DZ, I agree, ometimes I can't bear to look. The fundamentals are impoving at an amazing rate. I find consolation in looking at what happened the last time SPM visited the 200 DMA bom

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Tue Jun 12, 2007 12:42 pm

silverman wrote:
it dropped below the price that Bull and myself paid for our ourchases !! Crying or Very sad

I am buying more if price goes down below 1.55 !

I ususally do not average down - here I will ! Laughing

Silverman, how did you chose $1.55 as your average down price? Did you buy today?

Looks like you may have picked the bottom of the correction, great work! Very Happy

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PostSubject: SPM: $1.40 bottom?   Wed Jun 13, 2007 11:45 pm

SPM may reach a low of $1.40 per share. There are 17,681,650 common share purchase warrants which expire around the end of April, 2008, with this exercise price.
http://www.scorpiomining.com/s/StockInfo.asp

I have been reading some of the old posts on Stockhouse, written by Coach247, a long time supporter of SPM. Here is a 3/20/06 report he made after a 2 day visit to the mines (note that the market capitalization is now almost 4 times higher than it was then):
http://www.stockhouse.com/bullboards/viewmessage.asp?no=11720357&tableid=2

Soon after on May 11, 2006 the metals markets entered a severe downturn, and here is one of his subsequent posts with his justifications for holding on during that period:
http://www.stockhouse.com/bullboards/viewmessage.asp?no=12181364&tableid=2

He also posted today about the pre-feasibility NR.
By the way, Coach247 also has many old postings about DIB.
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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Thu Jun 14, 2007 3:56 pm

If we get this year, what we got last year in SPM, around October, then I have no complaints.

We need to watch SPM closely, it must not fall any further below it's 200DMA.

I believe producers and near term producers are less risky and allow me to sleep well.

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon Jun 25, 2007 11:44 am

SPM is making decisions fast and moving ahead. Production in 6-9 months.

Bull, what's your take on the possible forward selling of byproducts or bridge loan.

Hope price reacts more favorably over the next several months.

RAM
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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon Jun 25, 2007 11:58 am

SPM will not need to sell forward anything, or at least I hope they don't. I know they mention it in their press release. I believe they will raise the money they need through, in the money warrants, with the cash they have on hand and 26 mill would give them 44 mil to work with. I think that would easily get them to production. Once they start producing they can rapidly expand their compliant resource.

http://www.scorpiomining.com/s/NewsReleases.asp?ReportID=193181&_Type=&_Title=Scorpio-Mining-Corporation-Makes-Production-Decision-on-its-100-Owned-Nuest...

I am sure an investment in Scorpio will pay of handsomely, and with very little risk. I see many nice surprises brought forth by management in the next year or so. Very Happy

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Tue Jul 10, 2007 10:48 pm

Wed Jun 27, 2007
Scorpio's Surface Drilling of Satellite Santa Teresa Deposit Reports 16.50 metres grading 116 g/t Ag, 5.30% Zn, 0.28% Cu, 3.44% Pb and 0.207 g/t Au followed by 132 g/t Ag, 3.61% Zn, 0.36% Cu, 3.02% Pb and 0.199 g/t Au over 14.70 metres in Same Hole


http://www.scorpiomining.com/s/NewsReleases.asp?ReportID=193563&_Type=&_Title=Scorpios-Surface-Drilling-of-Satellite-Santa-Teresa-Deposit-Reports-16.50-m...

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Tue Jul 10, 2007 10:50 pm

Tue Jul 10, 2007
Scorpio's 8 Level Underground Drilling of Nuestra Señora Deposit Reports 15.20 Meters Grading 321 g/t Ag, 8.26% Zn, 1.18% Cu, 4.90% Pb and 0.377 g/t Au followed by 845 g/t Ag, 3.19% Zn, 0.93% Cu, 2.89% Pb and 0.218 g/t Au Over 1.30 Meters In The Same Hole


http://www.scorpiomining.com/s/NewsReleases.asp?ReportID=195989&_Type=&_Title=Scorpios-8-Level-Underground-Drilling-of-Nuestra-Seora-Deposit-Reports-15.2...

Scorpio remains the only company I know of that has never missed a hole...Ever!!! cheers

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon Jul 30, 2007 8:59 am

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon Jul 30, 2007 9:06 am

Scorpio hits another "Bulls" eye. These guys still haven't missed a hole. I'm really liking this one more and more - hope it stays here a while longer so I can accumulate more.

Pouring silver in the next 6-9 months ???
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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon Jul 30, 2007 12:36 pm

I am long, long tem, that I can say for sure.

Ram, they should pour silver in about 12 months, at least thats what I have on th calendar, so to speak.

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Thu Aug 09, 2007 10:19 am

Scorpio Provides Nuestra Senora Project Update, Sinaloa State, Mexico

TSX:SPM

VANCOUVER, Aug. 8 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is pleased
to provide an update on its progress toward production at the 100% owned
Nuestra Senora project, Sinaloa State, Mexico.
Peter J. Hawley, Chairman, CEO comments, "We are very pleased with the
progress made to date and the support we are receiving from the Sinaloa State
Government. As indicated below, the construction and underground development
is being aggressively pushed forward. The recent success in underground and
surface drilling can only add to the project's longevity. We look forward to
providing ongoing updates of our surface exploration results, underground
development and exploration work and our progress on the mill facility
construction as we approach production start up."
On August 2, 2007, the Company hosted a Conference call to investors and
the general public to answer any questions relating to the Pre-Feasibility
Study ("PFS") (see news release of June 14, 2007). If you were unable to
attend the conference call, a replay is available until August 31, 2007 at the
following number:

<<
--------------------------------------------------------
Date: Until Friday August 31, 2007
--------------------------------------------------------
Local Dial-In Number (416) 695-5800
--------------------------------------------------------
Toll Free Dial-In
Number (North America) 1-800-408-3053
--------------------------------------------------------
Pass Code: 3230777 followed by No. key
--------------------------------------------------------


Progress Update

Construction

- Construction of the Company's 100% owned, dedicated 34 kilometre
power line from the main hydro dam to the mill facility is still on
schedule for completion in late August 2007, including the building
of an electrical sub-station.

- The 4.3 kilometre Cosala by-pass road has been completed and final
cement work on culverts is nearing completion. This private
Company-owned road is intended to be used for moving oversized mill
equipment, trailers, etc. for installation at the mill facility and
the transfer of daily metal concentrates to smelters without
impacting the town of Cosala with heavy traffic.

- All mill equipment required for the construction of the processing
facility is currently located in Mexico at one of the three
re-furbish/storage yards and shops the Company has in Mazatlan,
Cannea and Cosala.

- The first 800-horsepower 10x10 ball mill has been re-furbished and is
now at the Cosala storage yard awaiting installation.

- The second 800-horsepower 10x10 ball mill and mill regrind are in the
process of being re-furbished and rebuilt at the Cannea shop and are
expected to be shipped to the Cosala yard by late August 2007. In
addition, the primary jaw crusher and main pump are being
re-furbished in Cannea.

- The various electrical motors have been re-furbished and are in
Cosala. Conveyor roller and floatation cells are also in the Cosala
yard and re-furbishment is being completed there.

- At the Cosala re-furbish yard a repair shop has been constructed,
stockpiling of storage containers containing various pipes, fittings,
welding machines, etc. is ongoing, and the primary jaw crusher, main
pumps and the Company-owned 70 tonne crane have been re-furbished and
are ready for use.

- In the fall of 2006, the Company purchased 118 hectares of land for
the building of the mill facility, offices, hospital, ore storage
pads, concentrate storage and tailing dam installation and storage of
waste by-products. The area has now been stripped and surveyed at
1-metre intervals. Since March 2007, the Company has been excavating
the various sites in preparation for construction. To date, the mill
site has been blasted and is ready for foundations, the primary
crusher location has been blasted, office and building locations have
been excavated, and ore stockpiling has been ongoing for the past
eight weeks. Waste material from the mine is being used as road
ballast and fill.

- A mill construction schedule has been established with two 10-hour
shifts per day which will have up to 260 men on the mill site at any
one time advancing completion of the mill facility and supporting
infrastructure.

- The Company has installed five office trailers joined as one unit
with a working space of 230 m(3) to supply temporary accommodations
for the base camp, warehouse and office-construction-supervision
personnel during the construction of the mill facility.

- In addition to the trailers, construction work on the permanent
facility camp has begun, which will consist of 64 four-person dorm
rooms and a 40 metre by 9.2 metre dining hall for mill facility
workers.

- Foundation work started on July 25, 2007 with over 70 tons of
reinforcing steel on site. Work includes the foundations for the jaw
and cone crushers, the two 10x10 ball mills, regrind ball mill, the
flotation area, the conveyor columns and all the intermediate levels
in all buildings.

- Drilling of a 14-inch diameter water well located approximately
300 metres from the site is presently being completed.

- The Company has entered into an agreement to purchase an additional
14 hectares of land ideally situated on both sides of the Company's
Cosala by-pass road, which has the Cosala water line and is between
the Company's power line and the power line for Cosala. The purchase
of the land is a cost effective measure allowing the Company to build
houses for personnel and construct its own core logging and equipment
storage facilities rather than rent these facilities.

- Telecom of Mexico has completed the installation of a main
communications tower at the mill site facility which will supply
telephone lines, internet connections and video feed for mill site
surveillance.

- Installation of the electrical grounding system is scheduled for
mid August 2007.

- Set up of a cement plant on site is nearing completion in
anticipation of pouring footings and foundations.

- Ore stockpile inventory as of the end of June 2007 consists of
23,496 tonnes at the mill site, 5,000 tonnes at the Nuestra Senora
portal and 10,000 tonnes within the mine.


Underground Development

- The month of July 2007 saw the Company set a record with 312 metres
of underground development completed, including 137 metres in ore and
175 metres of development in waste in preparation for mining.

- During one 10-hour shift, the Company is currently capable of moving
1,536 tonnes of waste/ore from stope development and preparation
activities from the Hoag zone to the mill site. This consists of
eight 24-tonne trucks completing eight trips per shift. This supports
management's view that the Company can easily haul from underground
the initial 1,000 tonnes per day (TPD) initially projected for mill
feed, and, with two shifts per day hauling, could supply a 2,000 TPD
mill facility.

- The initial full-scale mining is planned to start from the lower
grade Hoag zone where primary and secondary blocks have been
outlined. Primary blocks contain approximately 56,000 tonnes and
long-hole drilling of the blocks from the 9th level to the 10th level
(30 metres) will begin in August 2007, with the first blasting of
blocks slated for October 2007.

- As of the end of July 2007, total underground development at
Nuestra Senora includes 1,469.8 metres (1.4 kilometres) on the main
4.5 x 5 metre ramp and 2,300 metres of 4 x 4 metre cross-cuts and
access points.

- The Alimak ventilation raise from the 6th Level of the Nuestra Senora
mine to the Candelaria mine has advanced 51.7 metres.

- The Company currently has four underground diamond drills performing
in-fill delineation drilling for areas of exploitation as well as
exploration drilling which is also targeting the zones outlined by
the successful surface drilling of the Santa Teresa and Santo Domingo
satellite deposits.

- The Company continues to evaluate various commercial smelter
alternatives, which could improve the net smelter returns received.
>>

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Fri Sep 21, 2007 5:14 pm

I leave for Mexico again on Sunday. I will simply not have enough time to get my report out on Sorpio until I return. I quess I will release Scorpio and Dia Bras at close to the same time.

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Sat Sep 22, 2007 10:59 am

I got my days all wrong, I leave on Tue. the 25th.

I still won't have time to get my report out before I go though. I need to stuy up on DIB, so I will have half decently intelligent questions to ask the geo's

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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Tue Sep 25, 2007 7:52 am

Scorpio drill results

http://biz.yahoo.com/cnw/070925/scorpio_drill_update.html?.v=1

Scorpio's Underground Drilling of Sept 9 Zone Hits 1,483 g/t Ag, 1.06% Zn, 0.46% Cu, 4.10% Pb and 0.426 g/t Au over 4.5 metres
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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Wed Sep 26, 2007 11:50 am

SPM seems to get no respect. All one needs to do is review their phenomenal drilling results with nary a blip in the SP after the NRs. With production scheduled very soon, one has to scratch their head as to why SPM hasn't held support in the recent downdraft.

There are two reasons why shares of SPM are undervalued by the market. First, management lost credibility when SPM did not deliver as promised. In 2004-2005 silver was stuck in a trading range but in 2005, SPM declined more than 80%. David Morgan, a self-proclaimed silver guru, touted SPM during that time before he and the general market gave up on it. Remember, silver is still a very small market and former investors of SPM are unlikely to repurchase a stock on which they've been burned. The market has probably adopted a "wait and see" attitude that may weigh down the stock until production numbers are realized. Second, there are over 20,000 in-the-money warrants and options due to expire in the next year. This dilution factor of approximately 22% has been another cloud over what would otherwise be SPM's sunny day.

I suspect that management has learned their lesson and will surprise by a huge margin. Bigger than expected numbers will surely get the market's attention. As far as the pending dilution goes, the warrants have an exercise price of $1.40 that expire in April 08. Since the SP was recently below $1.30 for almost a month and plunged to $1 for a brief period, some of those warrants may expire unexercised. Regardless, their execution will only add to SPM's coffers at close to today's market price.
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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon Oct 15, 2007 10:48 pm

This went over very poorly on ValueForum...a key member thought they were fully funded for production. Comments, Bull?

--------------------------

http://www.marketwirecanada.com/mw/rel_ca.jsp?id=781025

Scorpio Mining to raise $20-million privately

2007-10-15 16:22 ET - News Release

Mr. Peter Hawley reports

SCORPIO MINING ANNOUNCES PRIVATE PLACEMENT FINANCING FOR APPROXIMATELY $20 MILLION

Scorpio Mining Corp. intends to raise approximately $20-million through a best-efforts private placement of units of the company. Each unit will consist of one common share of the company and one-quarter of one common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share for a period of 36 months from the closing of the offering. The company has retained a syndicate of agents led by CIBC World Markets Inc. and including Blackmont Capital Inc. in connection with the offering. The agents have been granted the option to increase the size of the offering by up to $2-million at any point prior to 48 hours before closing of the offering.

Net proceeds from the offering will be used to finance further development and exploration of the company's Nuestra Senora silver project in Sinaloa state, Mexico, and for general corporate purposes including working capital.

The agents will receive a cash commission equal to 7 per cent of the gross proceeds arising from the offering and compensation options exercisable into that number of common shares equal to 7 per cent of the number of units sold pursuant to the offering. The compensation options will have an exercise price equal to the issue price of the units and the same term as the warrants issued to investors under the offering.

The common shares and warrants comprising the units will be subject to a four-month hold period under applicable securities laws. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals.
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PostSubject: Re: SCORPIO MINING (SPM.to) or (SMNPF.pk)   Mon Oct 15, 2007 11:10 pm

Studbkr,

I am a little surprised and ticked off by this. I need to call and find out exactly what is going on. I really want to know who is getting in on this PP (Big players) because I didn't see the need for this. A bank loan would have been a better option, I think. I still don't understand why they need 20 Million.

I will have more on this soon. For now, put me in the ticked-off category.Evil or Very Mad

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