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If you throw all the products we buy and the services we use in one basket, then add up the price tag, that's the Gross Domestic Product, which is the primary metric economists use to assess the economic health of a country or region.
The easy part of calculating GDP is the calculation itself: C+I+G+(X-M)=GDP. Got it? No? Well, add Consumption, Investment by companies, Government purchases, and then take the product of eXports (calling it 'E' would lack sexiness) minus iMports ('I' was taken). Viola! GDP.
Still don't get it? Well, knowing the components helps. Consumption is the biggest component, and it's a tally of the cost of all the goods and services we buy. Investment is what companies spend on the real assets they own, plus the value of the inventory that we haven't gobbled up through consumption. Government purchases are what the Feds pay money for (whether it be highways or fighter jets, though big social programs, like welfare, aren't counted). And then we calculate the difference between the goods and services we¿re sending to other countries and the stuff we're bringing in.
Good. That explains it, except there's a catch. Inflation has a habit of distorting the numbers, so economists talk about either Nominal GDP or Real GDP. In fact, Real GDP isn't necessarily "real" for most folks, since it takes any inflation out. Nominal GDP includes the effects of inflation. (There's something called the implicit price deflator which is a calculation using the two, but we'll spare you the details.)
So, now that we know GDP, why do we want to? Well, it's good to compare different markets. And watching the trend shows whether a given economy is growing (good), stagnating (not so good), or shrinking (very not so good). When GDP goes down two quarters in a row, we're officially in a recession.
For the record, GDP is released at the end of each month, with most reporting ¿preliminary¿ data for the previous month. But you won't get final GDP numbers for the fourth quarter of a year until the very end of the first quarter of the next year. After all, it's not an easy number to calculate.
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Friday, June 06, 2008
Trend Mining Announces Results from Diabase Peninsula Drilling
Comtex
HILTON HEAD, S.C., June 6, 2008 /PRNewswire-FirstCall via COMTEX/ ----Trend Mining Company (Pink Sheets: TRDM) is pleased to announce that its joint venture partner, Nuinsco Resources Limited (TSX: NWI) today released analytical results from the first nine holes of the most recent 17-hole diamond drill program at the Diabase Peninsula uranium project. The results returned a 24.25 metre interval of anomalous uranium mineralization peaking at 0.07% uranium (0.083% U3O8), as well as a number of other anomalous uranium results and other key indicator geochemistry demonstrating strong and widespread evidence of a mineralizing event capable of producing unconformity style uranium mineralization on the property.
"The winter 2007-2008 drill program tested four widely separated target areas within the previously identified primary target area. The results received to date confirm that one of these target areas comprises a zone of up to 400 meters in strike length which has very high potential for the occurrence of significant uranium mineralization," said Paul Jones, President of Nuinsco. "Additional assay results from this drill program are pending, as is a geophysical interpretation of a recently completed gravity survey that will help to target our next drill program. Elsewhere on the property other anomalous results remain to be followed-up and we are preparing for additional work."
The $2.5 million, 6,534 meter winter drilling program was conducted over 23 kilometers of strike along the prospective Cable Bay Shear Zone, a graphite and sulphide mineralized zone of deformed, permeable rock interpreted to be a prime exploration target. The occurrence of a number of factors commonly associated with uranium ore bodies in the Athabasca Basin, particularly in drill holes ND-07-04, ND-08-01 and ND-08-02, include:
-- strongly anomalous uranium mineralization over 24.25 meters, peaking at 707ppm (0.07%) uranium (in ND-08-01) at the unconformity, typical of values at the margins of economic uranium deposits; -- strongly anomalous arsenic, nickel, cobalt and base metals, commonly occurring in association with uranium mineralization in the Athabasca Basin; -- abundant clay alteration (sericite and kaolin) associated with elevated uranium values and indicative of the passage of potentially mineralizing fluids; and, -- a distinct boron anomaly within the overlying sandstone, a feature characteristic of many uranium ore bodies in the Athabasca Basin.
Full drill results are available at www.nuinsco.ca , all analyses are conducted by the Saskatoon Research Council laboratory in Saskatoon.
The 21,900 hectare Diabase Peninsula Project, located approximately five kilometers north of the southern boundary of Saskatchewan's Athabasca Basin, has seen an ongoing, comprehensive, exploration program that comprises 28 widely spaced drill holes totaling 11,205 metres. Nuinsco is the operator, and currently owns an approximate 82% interest in the property and is partnered with the Company which owns an approximate 18% interest in the project. The project is being supervised by C.A. Wagg, Manager of Canadian Exploration for Nuinsco, who acts as a Qualifying Person under Canadian National Instrument 43-101.
About Trend Mining Company
Trend is a U.S.-based mineral exploration company. Trend currently has two projects in North America. One is the Diabase Peninsula Uranium Project more fully described in this news release. The second is the Lake Owen platinum-palladium-magnetite project where the Company holds 100% of approximately 12,000 acres of federal unpatented claims. The Lake Owen Complex is a steeply dipping extensive layered igneous intrusive complex with a lateral dimension of approximately four by six miles. Several zones hosting anomalous amounts of platinum and palladium have been traced and delineated by past sampling and drilling. Additionally, a large sub-ore grade magnetite resource is known on the site which has the potential to host economic concentrations of both titanium and vanadium.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company which are available at www.sec.gov.
SOURCE Trend Mining Company
http://www.nuinsco.ca
Copyright (C) 2008 PR Newswire. All rights reserved
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