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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Monday, July 07, 2008
Beaufield Resources Inc.: Airborne Survey on the Raglan Property
Comtex
OTTAWA, ONTARIO, Jul 07, 2008 (MARKET WIRE via COMTEX) ----Beaufield Resources Inc. (TSX VENTURE: BFD) is pleased to announce the start of a VTEM helicopter-borne electromagnetic and magnetic survey of its 100% owned Raglan property on the Ungava nickel belt.
The Beaufield property covers 57 claims located on the Raglan horizon five kilometres due east of Xstrata's Donaldson nickel mine and 10 kilometres north of the Canadian Royalties nickel deposits. The nickel-copper-PGM deposits currently being mined by Xstrata are located near the base of peridotite-pyroxinite-gabbro complexes. These complexes have a distinctive magnetic signature. The Raglan nickel-copper deposits are conductive and can typically be detected by electromagnetics.
A map showing the location of the Beaufield Raglan property is available at the following address: http://media3.marketwire.com/docs/BFD_RAGLAN_PROPERTY_2008.pdf
In addition to the Raglan work, Beaufield currently has field crews on its Opinaca, Opinaca West and Troilus properties. Additional news concerning this work will be described in a subsequent news release.
This news release was prepared by Jens E. Hansen, Eng., Director and President of Beaufield, the Qualified Person under section 43-101.
The TSX Venture Exchange (TSX-V) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company' periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event.
Contacts: Beaufield Resources Inc. Jens E. Hansen President 613-721-2919 613-828-7268 (FAX) www.beaufield.com
SOURCE: Beaufield Resources Inc.
http://www.beaufield.com
Copyright 2008 Market Wire, All rights reserved.
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