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Durango Resources Discusses JV Agreement on Lithium Project Adjacent to Nemaska Lithium

  • 100% interest in the NMX East, a lithium property tied to Nemaska Lithium Inc.’s (TSX.V-NMX) Whabouchi property in Quebec with 23Mt Proven and Probable @ 1.53% Li
  • Comprised of 23 claims which cover 1,200 hectares and is located within a few kilometres of Nemaska’s proposed mining pit.
  • Nemaska Lithium is developing the world’s newest lithium mine in Quebec and has signed agreements with its key stakeholders, gained the required permits and was recently awarded both Federal Environmental Approval and the Province of Quebec Mine Approval

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Message: Lower margins for PM's

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Lower margins for PM's

posted on Nov 16, 12 11:18PM

A possible explanation for the inexplicable drop in the price of precious metals, when demand has never been higher. SMF069

CME lowers gold & silver margins

Thu Nov 15, 2012 6:29pm EST

Nov 15 (Reuters) - The CME Group on Thursday lowered margins for natural gas, gold,
silver, copper, lean hog and live cattle futures, effective after close of business on Tuesday,
Nov. 20.

CME, the biggest operator of U.S. futures exchanges, cut initial margins on COMEX 100 Gold
Futures 18.5 percent to $7,425 a contract from $9,113, but left maintenance margins for the
yellow metal unchanged.

The exchange operator trimmed maintenance margins to trade silver to $11,000 per contract,
from $12,500, and initial margins to $12,100 from $16,875 per contract.
    
Maintenance margins for copper were lowered by 12.5 percent to $3,500 per contract from
$4,000, while maintenance margins to trade natural gas Henry Hub futures as well as NYMEX
natural gas futures were clipped 10 percent each.
    
Among agricultural commodities, maintenance margins for lean hogs and live cattle futures
were pared 16 percent and 16.7 percent, respectively. 
   

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