Avino Silver & Gold Mines / ASM (TSXV)

Bin auf Avino gestossen. Koennte interessant sein. Meinungen ???

WKN 862 191 ISIN CA0539061030

* ASM.V ASGMF.PK (AVINO SILV GOLD) (I own shares.)
http://www.avino.com/
shares@avino.com 604 682-3701 -- David Wolfin
10.5 mil shares outstanding. / 12.5 mil shares fully diluted (June 2004)
16.5 mil shares fully diluted (including, and after the purchase of remaining 51% of the Avino mine)
@ $1.60/share Cdn x .80 US/Cdn = $1.28 US
$21 mil MC
from: http://www.avino.com/other/goldstock100197.html --in 1997
"How Much Silver Does Avino Have?"
"Operations at Avino's silver mine in Mexico are both open-pit and underground. I examined the reserves and interpolated the tonnage into silver ounces as follows: 28-million ounces proven; 50-million ounces probable and 27 million ounces possible." (Not all are 43101 compliant reserves & resources.--that is an old, third party report.)
The Avino Mine operated from 1986 to 2001, producing about 497 tons of silver, 3 tons of gold, and 11,000 tons of copper. That's about 1.6 million ounces of silver, or about a million ounces of silver per year.
Avino produced 166 ounces of silver for every one ounce of gold. At a 60:1 value ration, that means that the value of silver to gold is 2.76 times as much value (today and historical) is in silver than gold.
They actually have over five silver properties/projects. I only have numbers for one, the primary Avino mine
= 28 + 50 + 27 = 105
Avino owned 49% of that, or 51.5 mil oz., prior to the purchase agreement for the remainder for an additional 4 million shares.
$21 mil MC / 105 mil oz. = $.20/oz.
You get "approx" 35.2 ounces in the ground for 1 oz. silver's worth of stock.

A "Mountain of Silver"
Location: Durango State, Mexico
Minerals: Silver, gold, copper, lead
Ownership: 49%. Letter of intent to acquire 100%
Status: Production suspended; evaluating new targets

The Avino mine was once described by Spaniards as a "mountain of silver." Indeed, the mine first opened in the 1500s and reportedly supplied considerable wealth to Spain for hundreds of years. It has operated intermittently ever since.

27-Year History of Operation
Avino Silver and Gold Mines and Cia Minera Mexicana de Avino operated the mine from 1974 until 2001 when depressed silver prices forced the suspension of operations. During this time, the mine produced 497 tons of silver, 3 tons of gold and 11,000 tons of copper. Silver grades averaged from 3 to 7 ounces per ton. Early in 2003, Avino commissioned MineStart Management to examine the existing ore base, the feasibility of re-opening the mine and also the feasibility of processing the large tailings reserve.

Options for the Future
In a report dated April, 2003, MineStart concluded that enough exploration potential exists at the property to "develop a reserve inventory to support a profitable resumption of operations." They also noted that: "Prior prospecting and preliminary exploration has found encouraging mineralized outcrop and veins to the east and north of the mine, and this justifies detailed exploration."

We are evaluating MineStart's findings and considering options for exploration and tailings processing. Prior to any further work on the property we would establish full ownership.

Avino Silver

By: David N. Vaughn, Gold Letter, Inc.

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Silver stocks remain hot & it continues to be our goal to find silver companies with potential that have not yet climbed to the sky.

Avino Silver presently represents an exceptional silver play that has had significant production in the past & represents excellent further exploration potential.

Avino Silver (ASM.V)

Avino Silver & Gold Mines Ltd. was formed in 1968 with the mandate of exploring for precious metals in Canada, the United States and Mexico.

Since 1969, the Company has owned 49% of Cia Minera Mexicana de Avino, owner and operator of the Avino silver, gold and copper mine located near Durango in central Mexico.

The mine operated continuously for 28 years before low metals prices forced a temporary closure in 2001.

http://www.avino.com/profile.html

So the mine closed because of low precious metals prices & right before gold started its move. But is there still silver in the ground?

Coneto mine
In late 1996, Cia Minera Mexicana de Avino acquired the 1500 hectare Coneto silver and gold project. This historic site is located 100 kilometers northwest of the Avino mine in Durango State, Mexico

The Coneto mine has a history of high grade production dating back over 400 years. Recent surveys suggest over 90% of the area's potential has yet to be identified. Broad estimates of the mineral resource in 17 veins indicate a number of excellent targets to be explored further.

More than 20 kilometers of vein systems have been uncovered at Coneto, but a preliminary survey suggests that less than 10% of the area's potential has been identified. Grades amongst four principal veins range between 4.95 and 8.8 ounces of silver per ton, with gold grades averaging approximately .06 ounces per ton. http://playstocks.net/May22asm.htm

The company has a 300 ton per day plant & is ready to begin production.

I think it is a good idea to remind ourselves to look at management. Avino is run by real miners who have been about the business of gold & silver mining for many years.

The President of Avino is Lou Wolfin, whose experience in mining goes back to the 1950's. In the past 30 years, he has concluded many successful mining deals and partnerships… He always focuses on practical, attainable, mining goals and is very cautious of anything that would be dilutive to shareholders. This is easily seen in the fact that Avino after all these years has just 4.5 million shares out. http://playstocks.net/May22asm.htm

And what are Avino Silver’s present goals?

“Our key goals now is to bring the Coneto silver & gold mine to production. This is a very attractive asset with exceptional exploration potential for mining of silver, gold & fluorite,” Lou Wolfin.

The Coneto mine has a history of high grade production dating back over 400 years. … Broad estimates of the mineral resource in 17 veins indicate a number of excellent targets that will be explored further. We are currently examining the extent of the resource and the facilities needed to bring the project to production. http://www.avino.com/company/message97.html

David Wolfin, CEO, Avino Silver, 9-19-2003:

Let look at the potential of the Avino Mine.

Studies show a very large potential & further exploration is planned.

Also, keep in mind we have progressed from an open pit mining operation to underground mining in the early 1990's & our recovery rate improved from 55% recovery to 87%. The tailings pond has between 6-8 million ounces of silver contained within it & studies to process are being made.

Let's look at Silver Standard, Pan American Silver & Apex Silver Mines.

Silver Standard has "Zero" production and is trading $10.46 CDN. Pan American has production and is trading at $14.33 CDN and Apex is at $14.90 US. Fidelity is a major shareholder of Silver Standard. Bill Gates' private company has invested in Pan American and George Soros helped start Apex.

Let's not forget Warren Buffet buying all that silver a few years ago. These are three of the smartest investors of our time!

It's easier for silver to double from $5 - 10 than gold $375 - 750.

Also, there are far less pure silver companies than gold. Avino is considered the cheapest of the Pure Silver Companies.

Silver Standard has 40 million shares issued, multiplied by $10.00 or $418 million market cap.

Pan American has 51 million shares issued, multiplies by $14.33 or $730 million market cap.

Apex 36 million shares issued at $14.90 US or a US$537 million market cap. (The shares issued were taken off Canada-Stockwatch and might be less than actually issued).

Avino has 7 million shares issued and is trading at $0.85 Canadian or a litle over 4 million us!

I ask you David, which company has the best upside Potential?

Our plan is to acquire silver properties and build our silver resource.

When you buy a share in Avino you are buying a “Call on Silver.”

If Silver goes up we go up.

Summary

Avino has 5.6 million shares outstanding. Friday, 10-24-2003, Avino Silver closed at 1.58 Canadian. Avino has a present market cap around 6.8 million US.

Avino had a high of around 4.50 Canadian in 1997.

“Avino has been around for a long time (1968) and is well known as an excellent silver stock among Canadian Precious metal investors.”

Avino represents a good silver play with excellent prospects.

Avino Silver (ASM.V)

Bei den eher unbekannten Silberminen ist AVINO Silver (Börsenkürzel: ASM.V) mein absoluter Favorit, insbesondere unter dem Aspekt des Leverageeffekts. ASM hat vor Jahren seine Produktion in Mexiko eingestellt, die Minenausstattung ordnungsgemäß "eingemottet" und wartet jetzt auf günstigere Silberpreise. Die Erzlager sind - nachdem die Mine seit geraumer Zeit betrieben wurde - zuverlässig bekannt und es ist lediglich eine Frage der Zeit, an dem nach gestiegenem Silberpreis die Frage gestellt wird, "welche Gesellschaft hat pro Aktie die meisten nachgewiesenen Silberreserven?"
AVINO, da bin ich mir sicher, wird auf den ersten Plätzen zu finden sein. Ich kenne das Management und vertraue diesen erfahrenen Minenfachleuten.

© Dietmar Siebholz

http://www.goldseiten.de/conte…s/artikel.php?storyid=750

frr

Woher hast Du die Infos über den "Tailings Pond" (Abraum Lager) mit etwa 12 - 15 Moz an Silber ?

news von Hommel:

Addional comments: The Avino purchase is taking longer than anticipated. The reason is that Avino is waiting for the approval from the exchange. The Avino purchase agreement was agreed upon months ago, subject to exchange approval. In the meantime, Avino has proceeded with a feasibility study that should more than satisfy the questions from the exchange. And the feasibility study is anticipated in a few weeks, perhaps by the end of March, 2005. The feasibility study should also detail how much money the company should need to raise to put the mine back into production.