North Thunder Bay Mining Co. Ltd.
North Thunder Bay Mining See Copper Prices Robust over the Mid-Term
North Thunder Bay Mining Co. Ltd. / Key word(s): Miscellaneous 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.
North Thunder Bay Mining Co. 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 |