Crescent Gold

Schon das zweite Mal, dass es in Canada so eine seltsame Kursbewegung gibt Steckt da ein BB im Stile von Bullvestor dahinter, oder was? Seit dem letzten Hype in Kanada hab ich den Wert auf der Watchlist, aber ich traue mich noch nicht. Was hältst Du denn von der Finanzierung? Hätte sich CRE nicht sofort festlegen können, welche Konditionen sie wählen?

"das hat bislang immer geklappt und ich habe gut verdient dabei "

Seit wann bist Du denn dabei? Ich habe mit Explorern bislang auch gut verdient, aber das war in den letzten 2 Jahren aber auch wirklich kein Kunststück.

Einmal, bei Pacific Gold, habe ich bislang die Strategie, kurz vor Produktionsbeginn zu kaufen, auch ausprobiert. Das hat nicht geklappt. Deswegen bin ich jetzt vorsichtig, weil es wohl offensichlich zu viele gibt, die auf die Strategie setzen und dann alle zum gleichen Zeitpunkt rauswollen. Warten wir es ab.

Nur 2 Wochen nach der großen Finanzierungsrunde werden schon wieder 42 Mio. neue Aktien zu 0,35 AUD ausgegeben. Sorry, damit ist CRE für mich kein Goldproduzent sondern nur noch ein Aktienproduzent

Date: October 03, 2006
Crescent Gold Is The Low-Grade King Of Australia

By Our Man In Oz

If grade is indeed king in the mining world, then emerging Australian gold producer, Crescent Gold, need not apply for the job. With an ore reserve of less than two grams a tonne, a quality which might also be called “needle-in-a-haystack”, Crescent has been largely ignored by local investors in Australia who prefer their gold in richer servings. The problem with that approach is that it overlooks two rather important business facts, one timeless and the other historic. The timeless feature is that grade actually becomes irrelevant if the ore is easy to treat and the mine is highly profitable. The historic feature is that Australia has travelled the low-grade gold road before, with some success, and Crescent might be the first case of a re-run thanks to the high Aussie-dollar gold price which remains close to the A$800 an ounce market despite the recent slide in the U.S. dollar price.

“The game really is all about the profit, not grade,” said Crescent chief executive, Andrew Haythorpe, when Minesite tracked him down to his sparsely furnitured office in central Perth. “We’re very confident that we can lock in a profit margin of around A$250/oz for the life of the project.” The mine Haythorpe refers to is actually a series of pits which sit under the umbrella name of the Laverton Project. Best of the nine deposits identified for mining is called Sickle. It contains 2.21 million tonnes of material averaging 2g/t. The “skinniest” is Admiral Hill with 1.96m/t at 1.1g/t. In total, Laverton is currently calculated to contain a probable ore reserve of 6.milloin tonnes at an average of 1.8g/t and an indicated mineral resource of 18.7m/t at 1.5g/t. “It’s profitable to work with material like that if the ore is soft, and the strip ratio low,” Haythorpe said. “If it gets any harder, or deeper, forget it.”

Haythorpe has a keen eye on the financial fundamentals at Laverton, which is located in a region of Western Australia’s eastern goldfields with a century-old track record of throwing up prolific goldmines. In his former life he was a resources analyst, most recently with the Perth-based brokerage, Hartley Poynton. It is his financial nous which has encouraged him to look beyond the low-grade issue, and get the money-side of the business equation in good order, including something rarely seen in a small Australian miner – a “diesel cap”. Essentially, Haythorpe has locked in for a fixed price an essential ingredient in remote area mining, diesel fuel. In the case of the Laverton project, diesel represents 22 per cent of total costs.

Other Australian miners, and number of international investors, are looking closely at what Crescent is doing. The Australian outback is littered with low-grade gold deposits. What they need is a big mill, a low-strip ratio, soft ore, and it’s money for old rope. In Crescent’s case the start-up equation looks like this: it plans to produce 90,000oz of gold a year using conventional gravity and carbon-in-pulp processing which will yield gold at a cost around A$582/oz (US$436/oz). The gross profit margin on those 90,000oz, if Haythorpe can lock in his target of A$850/oz through forward selling, or with some other financial instrument, is around A$22.5 million a year, a handsome margin for a business currently capitalised at A$65 million.

The issue which seems to worry local investors, apart from grade, is mine life. On current reserve figures, Laverton will last just over four years – a blink of the eye in mining terms. But, on that charge, Haythorpe has a convincing retort. “This is a starter project,” he said. “It’s all about getting into production, and then growing the project.” To do that, he needs to find more ounces, grow the grade, and perhaps add a few sweeteners in the form of additional metals to the Crescent inventory.

A fresh look at Crescent shows that he is ticking all those boxes, which is probably why the gold investment specialists at Dundee Precious Metals held their hand up on September 13 for a series of placements aimed at giving them a stake of around 15 per cent in Crescent, with the first issue of 17 million Crescent shares passing to Dundee at a price of A35 cents, around A6.5 cents, or 23 per cent, above the current market for Crescent of A28.5 cents – what even the most churlish of observers would call a vote of confidence.

Funds raised from the Dundee placement will be used to re-organise Crescent’s gold book and accelerate exploration in the Laverton area where recent drilling has been throwing up tantalising results. The latest gold assay, which defied the company’s low-grade tag, was an impressive 11 metres at 7.1g/t starting at a depth of 155metres in the Bells prospect. Located just 4.5kms from Crescent’s processing facilities, the fresh discovery has the potential to be a useful feedstock provider. The same structure at Bells has previously yielded a hit of 5metres at 16.8g/t.

But the drill result which might be the pointer to something even better is in a different metal altogether. Copper grades as high as 11.5 %, with associated rich gold grades as high as 12.6g/t have been obtained from a hole testing a 6kms long copper/gold soil anomaly adjacent to Admiral Hill. The copper intercept came from an area up to 62metres wide which contains visible chalcopyrite (an ore of copper). It’s early days for Crescent to be thinking about future copper production, given that it won’t even pour its first gold until later this year – but the copper hit, and an increasingly active gold search, is a pointer to what might be achieved once production starts on the low-grade resource, and the cash starts flowing.
Minesite

Schrott-Software

Weshalb wollen manche probeweise ihren Kopf

unters Schafott legen?

Einmal tut es sausen.


Gruss

Gogh

08.01.2007

Corporate News übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ---------------------------------------------------------------------------

Bauarbeiten auf dem Laverton-Projekt bald abgeschlossen

Perth, Western Australia, Australien. 5. Januar 2007. Crescent Gold Limited (Frankfurt WKN: A0B5UM , ASX: CRE, TSX: CRA) befindet sich in den letzten Phasen der Inbetriebnahme seines Laverton-Gold-Projekts. Die Bauarbeiten und Bohrungen wurden durch ungewöhnlich starken Regen von 89 mm innerhalb 24 Stunden ab 10 Uhr am 3. Januar minimal beeinflusst. Lieferungen, Bauarbeiten und letzte Planungsarbeiten wurden während des Regens fortgesetzt. Zement- und Stahlarbeiten und andere Bauarbeiten werden fortgesetzt, sobald diese ohne Gefahr fortgesetzt werden können.

Bestandteile der neu gekauften dreistufigen Zerkleinerungsanlage sind bei Fremantle Port eingetroffen. Der Rest soll in kürze eintreffen. Die Straßen sind jetzt befahrbar und der Transport zum Standort wird bald erwartet. Wenn die Vorbereitungen für die Zerkleinerungsanlagen abgeschlossen sind, kann diese innerhalb von 2 Wochen nach Anlieferung installiert sein.

Bohrungen zur Bestimmung von Gehalten werden auf Sickel bald fortgesetzt. Die Fortschritte bis heute und die ersten Ergebnisse sind sehr ermutigend. Weitere Details werden bekannt gegeben, sobald die Ergebnisse des ersten Programms zusammengeführt sind.

Laverton-Gold-Projekt

Crescent Gold ist in der Position ein bedeutender australischer Goldförderer zu werden mit einer geschätzten Fördermenge von mehr als 90.000 Unzen Gold pro Jahr, die in den nächsten 12 Monaten erreicht wird.

Crescent hat seine Ressourcen auf Laverton mehr als verdoppelt und hat eine wahrscheinliche Reserve von 358.000 Unzen (6,2 Mio. t mit 1,8 g/t Gold) in 2006 definiert.

Für weitere Informationen wenden Sie sich bitte an:

Crescent Gold Limited Hayley Patton Andrew Haythorpe, Managing Director 89 St. George's Terrace, Level 5 Perth, Western Australia 6000, Australia Tel. + 61 (8) 9322 5833 Fax + 61 (8) 9322 5866 http://www.crescentgold.de http://www.crescentgold.com

Renee Brickner Suite 1201, 1166 Alberni St., Vancouver, B.C. V6E 3Z3, Canada Tel. + 1 (604) 687 0072 Fax + 1 (604) 687 4770

AXINO AG Königstraße 26 70173 Stuttgart Tel. +49 (711) 25 35 92-30 Fax +49 (711) 25 35 92-33 http://www.axino.de DGAP 08.01.2007 ---------------------------------------------------------------------------