Silber Companies - Liste und Neues

@eldo,

die tun so als, wenn sie was verloren hätten.

Value, edel,
das zeugt doch von eurer hervorragenden Aktienauswahl.
Nur die Besten werden übernommen...

@dau,
am Schnitt. entweder noch mehr runter, oder rauf.
Ich hab jedenfalls gestern Impact aufgestockt.
Das Dreieck ist komplett.
EDG mit der beteiligung an IPT. IPT selber jetzt in vernünftiger Anzahl.
und natürlich kleiner: Yale YLL.V als JV von Impact und auch Exmin EXM.V.

Außerdem hab ich erste Position in Bandera gold gekauft.
Man soll sich da nicht schrecken lassen vom kursverlauf des Vorjahres unter dem Motto: das Schönste schon verpasst.
IMO kommt das noch.
http://www.banderagold.com

Da hat im übrigen noch kein Insider etwas verkauft. Sagt auch was.
43-101 ist komplett.

Grüße
Tschonko

@edel, value,
ich versteh schon euren Ärger. Ich schimpf bei solchen Gelegenheiten ja immer am lautesten.
Kommentar bezog sich mehr auf eldo (Bildchen), war witzig gemeint.
Na ja...
Ich verkauf auch immer sofort seit Wheaton.
Diesmal hätt ich vielleicht noch ein bisserl gewartet, ein paar wochen.
Zinifex anschauen.

Impact: ich glaub auch, dass der Zeitpunkt nicht schlecht ist.
Ich hab mir den Satz gemerkt in dem Artikel von Moriarty:
"I've never seen so much silver in my life. They will be mining there for another 400 years".

Warum Bandera?
Die wollt ich ja schon länger (siehe Seite 1).
Management verkauft nichts, obwohl sie schon stark im Geld sind.

Weiters kannst du dir auf der Homepage das letzte PP anschauen.

Haben verschiedene Mineralstrukturen und wollen sie durch verschiedene Mills bedienen.

Da liegt sehr viel auf Halde vom Vorgänger.

Der Wert wird kaum gehandelt, weil auch ziemlich unbekannt.

Das beste Argument ist 43-101 und das 2. Peojekt, das man shareschonend aufbauen kann, da ja dann schon cash flow generiert wird.

Weiter fragen an Kelvin Williams....

http://biz.yahoo.com/ccn/070202/200702020370766001.html?.v=1

Bandera Gold Ltd.: Revised Summary of NI 43-101 Report
Friday February 2, 3:38 pm ET

EDMONTON, ALBERTA--(CCNMatthews - Feb. 2, 2007) - Bandera Gold Ltd. (TSX VENTURE:BGL - News) -
(Clarification) Some highlights of the NI 43-101 Technical Report completed on December 11, 2006, and filed with the TSX Venture Exchange, in addition to selected information regarding our anticipated work schedule for the next six months to a year, are as follows:

1. The chronological history of the Cinco Minas and area mines illustrates the vast potential of this overall mining area to support economical mining activities today and in the future. Bandera Gold Ltd., together with our joint venture partner Minera San Jorge (MSJ), is making considerable positive strides to make this happen. The company cautions that a feasibility study has not been completed and there is no certainty that the Company's proposed operations will be economically viable.

2. New low level aerial photography and GPS controlled survey work will be undertaken during the early spring of 2007 when vegetative cover is at a minimum in order to proceed with field exploration and mapping of known mineralized deposits in the El Abra and El Abrita areas of the Cinco Minas property. This will allow for new three dimensional mapping to be completed in order to be able to prepare a thorough block model of the fault structure and related cross structures.

3. Test production of high grade materials (old tailings dump material and other materials obtained from small high grade deposits on the Cinco Minas property) will be commenced between late February and early March when construction of the 60 tonne/day mill has been completed. There is sufficient high grade material within the old dumps (greater than 6000 tonnes selectively determined) to run the mill for at least 100 days. Assays taken indicate an average grade of 3.44 g/t (0.100 oz/st) Au and 333.02 g/t (9.71 oz/st) Ag (see Appendix 1).

4. Additional high grade feed for the mill will come from the Destajos and Trinidad level adits as well as other high grade areas which have been and are being identified. This high grade material will be blended with lower grade materials from Cerro Colorado and/or additional old tailings dump materials. It is expected that sufficient volumes of high grade material will be available to run the 60 tonne/day mill in a testing mode for at least an additional year and that these will provide sufficient feed for the 250 tonne/day mill (to be constructed later this year) for at least as long. Sampling in the San Diego Cross area of the Destajos level produced an average grade across 6.3m of 4.0 g/t (0.117 oz/st) Au and 458 g/t (13.36 oz/st) Ag (see report at page 1). Disclosures of gross value in the January 31 news release are hereby retracted.

5. Bulk sampling has been completed at the crest of Cerro Colorado and this lower grade material will be used in a test heap leach operation with the objective of expanding the heap leach pad to at least 500,000 tonnes over the next six months to a year. An agreement has been reached with the local council to develop an area of approximately 244,750 square meters (24.5 hectares) for use in the test heap leach operation (see page 27). It is expected that the pad will be ready for initial heap leach testing by late summer or fall of 2007.

6. The mineral resource volumes have increased significantly for the inferred resource category to 4.80 million tonnes from 0.40 million tonnes, a twelve-fold increase (see Mineral Resource and Mineral Reserve Estimates at page 81). The following table summarizes both indicated and inferred resource information as per our technical report:

--------------------------------------------------------------------------
Ag Avg. Avg.
cut Grade Grade Ounces Ounces
Resource off Tonnes Ag Au Ag Au
Location Category (g/t) (millions) (g/t) (g/t) (millions) (thousands)
--------------------------------------------------------------------------
Cinco
Minas Indicated 30 2.27 171.9 1.22 12.50 89.1
--------------------------------------------------------------------------
Cinco
Minas Inferred 30 0.40 137.9 1.07 1.80 13.8
--------------------------------------------------------------------------
El
Cohete Inferred 30 2.50 64.1 1.09 4.63 79.2
--------------------------------------------------------------------------
Cerro
Colorado Inferred 30 1.30 64.1 1.09 2.50 42.8
--------------------------------------------------------------------------
San Juan/
Coral Inferred 30 0.60 97.9 0.56 1.90 10.8
--------------------------------------------------------------------------
TOTALS Inferred 30 4.80 74.5 1.02 10.42 142.8
--------------------------------------------------------------------------
TOTALS Indicated 30 2.27 171.9 1.22 12.50 89.1
--------------------------------------------------------------------------

7. To date, references from older reports have indicated that only 20% of the known main Cinco Minas vein system has been tested. Bandera intends to continue field work begun in 2006 to identify new sources of mineralized sections. It is expected that this work will considerably enhance the reported mineral resource volumes given in this technical report.

The technical information contained in this news release was collected, compiled and reviewed by Richard Munroe, B.Sc., FGAC, P.Geo., a qualified person under NI 43-101.

Bandera Gold Ltd. is a Junior Canadian Exploration Company whose corporate strategy is to build shareholder value by finding and developing overlooked and undervalued mineral properties in North America and South America. By partnering with an experienced mining and mineral exploration entity, the Company's core focus will be the continued exploration and advancement of the Cinco Minas property in Mexico to production, exploration of the Gran Cabrera property in Mexico and the exploration of the Belmira property in Colombia.

On behalf of the Board

Kelvin Williams, CEO

@eldo,
warum PG? Die meisten "Wölfe" wandern zu PG.

Sehr interessanter artikel:
am besten über link lesen, da er überreich unterverlinkt ist.

Die darin lang besprochene EXM.V, hier schon oft erwähnt, geht mir noch ab in der Sammlung mex. Minen. Dann reicht´s mal.
Dann kommt Idaho!

http://biz.yahoo.com/seekingalpha/070220/27435_id.html?.v=1
SeekingAlpha
Junior Mining Companies: Other Peoples MoneyTuesday February 20, 8:22 am ET

Trey Wasser (III-D Capital) submits: When I evaluate junior (exploration stage) mining companies I tend to like to those with strong partners who are footing a large portion of exploration and development expense. There are now hundreds of junior companies, throughout the world, doing extensive drilling. It is really getting difficult, and time consuming, to look at every project. I am generally attracted to the companies who have partnerships, earn-ins and drilling agreements with major mining companies. While this is never a guarantee of success, it generally does pave the way for development if a project proves to be economical. It also means substantially less dilution when drilling and studies are completed with OPM (others people’s money).

The majors are getting very selective in the partners and projects they choose. Most have an attractive portfolio of in-house projects. They are looking for large deposits and are willing to spend the money to find them. They have large staffs of seasoned geologist and engineers. They have access to the drilling rigs, equipment and labor. They have the experience of mine development, construction and operation that most juniors lack. They have valuable political and industry relationships in foreign countries. And most importantly, they have access to the capital needed to develop a mine.

This is not to say that the majors have a lock on all the best projects. It is also not to say that a junior company can’t bring a mine into production on their own or with another junior partner. But when a major company is willing to fund drilling, managed by the junior partner, it speaks volumes about the junior’s management and engineering staff. The majors review many project before they commit the first drilling dollar. They are only interested in projects that can potentially have a serious impact on their production and reserves. When a major mining company is willing to move a project towards the feasibility level, it often means, “there is more here than meets the eye”.

Most of the major North American precious metal names do not need any introduction. These include Newmont (NYSE: NEM - News), Barrick (NYSE: ABX - News), Goldcorp (NYSE: GG - News) and Kinross (NYSE: KGC - News). In base metals, international companies like BHP Billiton, (NYSE: BHP - News), Rio Tinto (RTO) and Xstrata [XTA:LSE] are also known entities. But, in Latin America, there are a few names that readers may not be familiar with.

Penoles is a Mexican company and is the world’s largest silver producer. They have been listed on the Mexican Stock Exchange since 1968. They have been mining in Mexico since 1887. They boast the worlds richest silver mine, Mexico’s richest gold mine, Mexico’s largest gold mine, Mexico’s largest zinc mine and Mexico’s largest lead mine. By the way, these are all separate mines. They also operate the world’s fourth largest refining complex. They have their own exploration company and their own construction company. They own most of their existing mines 100%. The companies that have been lucky enough to partner with Penoles have had extraordinary success. These include Mag Silver [MAG:CVE]) with their potentially monstrous silver deposit next to Penoles’ Fresnillo Mine, the world’s richest silver deposit.

Hochschild [HOC:LSE] is a Peruvian company and has been doing underground mining in Latin America for over 47 years. They are the world’s fourth largest silver producer. They have considerable experience in identifying, developing and mining large epithermal vein deposits. Hochschild currently operates three mines in Peru. They did an IPO on the London Stock Exchange last year. They have over $500MM in cash and are very profitable.

Votorantim is a Brazilian natural resource company with interests in metals, energy, chemicals, paper and agriculture. They are the leading Latin America producer of zinc and electrolytic nickel in Latin America. They currently operate two zinc mines in Brazil and are expanding into Peru. Votorantim has been in business 87 years and also operates a large finance and trading subsidiary.

Here a few companies that I follow with excellent projects and attractive partnerships with major companies.

Solitario Resources (AMEX: XPL - News) was spun off from Crown Resources (in 2004) before Kinross (NYSE: KGC - News) acquired Crown in a problematic transaction that finally closed in 2006. The spin-off left XPL with all of Crown’s exploration portfolio, a seasoned management team and 1.8 million shares of KGC. Solitario has a strategic partnership with Newmont (NYSE: NEM - News) to explore properties in Newmont’s South American portfolio. They are also joint-ventured with Newmont on their Pachuca Real property in Mexico and hold a net smelter royalty on 61,000 hectares just north of the Yanacocha Mine, South America’s largest gold mine. Newmont is currently drilling this property. Solitario also has a promising zinc property in Peru, partnered with Votorantim, a platinum project partnered with AngloPlatinum and a 100% owned gold project in Brazil. Newmont owns 9.9% of XPL.

Minera Andes will begin gold and silver production this year from their San Jose Mine in Argentina. Hochschild is their 51% partner and will operate the mine. Initial production is projected to be 60,000 ounces of gold and 3.2MM ounces of silver annually. However, only 5% of the property has been explored and they have discovered a new vein with bonanza grade gold and silver. The partners are already evaluating doubling the size of the mill. MNEAF is also partnered with Xstrata on a very promising copper discovery, Los Azules. Rob McEwen of US Gold (AMEX: UXG - News) compares the geology at San Jose to that of Nevada. He owns 30% of MNEAF.

Endeavour Silver (AMEX: EXK - News) is another one of those fortunate companies partnered with Penoles in Mexico. Their strategic alliance allows them access to Penoles’ Mexican property portfolio. This partnership was significant in consolidating the Guanacevi district, where EXK will produce over 3MM ounces of silver this year. Penoles holds 5% of EXK.

Metallica Resources (AMEX: MRB - News) has a “free ride” on their 30% of the El Campo project in Chile. Their partner is Xstrata, who must produce a feasibility study by September of this year to earn their 70%. Then they must finance 70% of MRB’s capital costs, if requested. Measured and indicated reserves at El Morro doubled in November 2006 to 6.38 billion pounds of copper and 8.22 million ounces of gold. This is one of the top three developments (.pdf) in Chile and will undoubtedly be developed.

MRB also has a gold/silver mine in Mexico that will begin producing ore next month. The Cerro San Pedro Mine was internally financed and production of 115,000 GOE is unhedged. Xstrata owns 8% of MRB.

The last company I am going to highlight in this report is Exmin Resources [EXM.CVE]. I recently discovered Exmin while researching junior exploration companies that will be moving to production for my report Gold Stock Earnings to Shine in 2007.
EXM haas consolidated over 520,000 hectares (1.2MM acres) representing 11 district-sized projects in the Sierra Madre Occidental. This may be the largest land package of any North American mining company in Mexico.

The VP of Exploration for EXM is Dr Craig Gibson. Dr. Gibson has extensive experience in the Sierra Madre gold/silver districts. His team was responsible for discovering and developing the Delores Mine currently being constructed by Minefinders (AMEX: MFN - News). He has been consulting with Penoles for many years, worked for Hochschild in Peru and Echo Bay in Mexico.

Since quietly putting this huge land package together, Exmin has been able to attract some very strong partners.

In February 2006 they signed a JV agreement (.pdf) with Penoles on their Maguarichic District project. The District is about 40,000 hectares and will test the same vein system as the historic Patria Mine (.pdf). Penoles was required to drill 2000 meters in 2006, they drilled over 5000 meters and results are due out anytime. Again, Penoles is very selective when it comes to joint venture projects.

In July 2006, they signed a JV agreement with Hochschild on 73,000 hectares in the Moris district (.pdf) next to Gammon Lake’s (AMEX: GRS - News) Ocampo Mine. At the same time the JV signed a purchase agreement for the Santa Maria de Moris mine and mill, which also added another 7000 hectares. Hochschild did six months of due diligence (.pdf) before closing the Santa Maria mine purchase in December. Exmin’s 30% share of the purchase price was financed by a private placement (.pdf) of 2.9MM shares to Hochschild. The mine will be brought back on line this year and operated by Hochschild. It should produce about 60,000 GOE in 2008. Hochschild will continue to drill the under-explored district to earn their 70%, expand reserves and increase production. This mine plan is very much like their “boot-strap” San Jose development with MNEAF. This is Hochschild’s first project in Mexico.

Cash flow to EXM from the Moris Mine will be used on their 100% owned projects (.pdf) like the Reyna de Oro (.pdf) project just a few kilometers from Goldcorp’s El Sauzal Mine.

Exmin has secured one more JV partnership to date, albeit with another junior company. In September 2006 they signed a deal with Yale Resources [YLL.CVE] on the Urique District (.pdf). This is 28,000 hectares right in the middle of several major projects. Yale will fund 2007 drilling, managed by Exmin under the guidance of Dr. Gibson. Also of note, Yale has a very interesting project with Impact Silver in the Zacatecus Region, not far from Fresnillo. Besides YLL’s drilling expenditures on Urique, EXM receives 1.5MM shares of Yale Resources.

Exmin holds 100% of the Batopilas Project. This is 195 square miles that completely surrounds Mag Silver’s Batopilas Development (35 square miles) that has historically produced over 250MM ounces of silver.

The sheer size of the Exmin holdings is very impressive. To put these into perspective, the entire Ocampo District is about 7000 hectares and Minefinder’s (AMEX: MFN - News) holdings at the Delores Mine are 1920 hectares. But Exmin’s holdings are not just large. They are in the heart of the most productive Sierra Madre activity. They have the right topography and geology. Dr. Gibson has previously evaluated many of these projects while working for Echo Bay and Minefinders. With their extensive property portfolio, I expect that Exmin will attract even more partners in 2007.

Exmin has about 68MM shares outstanding, giving it a market cap of about $38MM. They have 4MM warrants at C$.60 that expire this week. They have another 4MM (at C$.60) that expire in April. The stock has been under pressure from the February warrants. But with huge Mexican holdings, strong partners, a producing mine, lots of pending drilling results and equity from warrant exercises, Exmin Resources is my current “best buy” for 2007.

The author is long GRS, MFN, MNEAF, EXM and has no positions in any other stocks mentioned in this report.
Related Articles
Read more articles by Trey Wasser
Read more on the symbols EXK, MNEAF.OB, MRB, XPL
Subscribe to email alerts about EXK, MNEAF.OB, Metallica Resources Inc. (MRB), XPL and Gold Stocks
Read more on the themes Mining, Metal Miners

gutso,
um Himmels willen, das sollte doch keine Empfehlung sein.
Fettes grinsen hinten. Das ist halt die alte Sunshine, die immer noch gehandelt wird.
Vergiss es!
Zum Schluss kauft der eldo die noch aus Versehen!

Hast ne mail!

Noch ein interessanter Artikel, wiederum von Watson, der Companies im Verhältnis zum realen Silber analysierte. Hab´s hier reingestellt.
Wiederum gute Charts.

SeekingAlpha
Leveraging the Price of Silver
Monday January 22, 3:20 am ET

http://biz.yahoo.com/seekingalpha/070122/24664_id.html?.v=1

Grüße
Tschonko

Brav, brav, brav! Timing war perfekt!
Wird Don Hanson auch bald nachschießen.

"Mexico Mike" (alias coach247) am 21.2.07: Bericht zum Besuch der Impact Minen

I was invited to visit the Royal Mines of Zacualpan project as a guest of Impact Silver last week. I have owned shares in this company for more than 2 years, and been very happy with the progress they have achieved. However, it was still very interesting for me to witness the operation in person, and compare it against many other mines that I have been to visit in Mexico. I was bullish on the company before I went to see it, and I am very much more so now. I plan to submit several reports over the next few days, since there is so much to comment on that it will take a while to share it all. This is the first installment...

The mines are located about 3 and a half hours southwest of Mexico City, near the border with Gurrerro State. The entire trip to the town of Zacualpan is on paved roads, and the road access throughout the property area controlled by IPT is very good, with some paved road and some gravel road. Zacualpan is located centrally on the property holdings, and the town is literally surrounded by historic mine workings. Impact is the largest employer in the town and has gone to great lengths to maintain a positive relationship with the community, including hiring a full time PR person. The town supports mining, and the mines support the town, which is an ideal scenario.

The key to understanding the opportunity for IPT shareholders is to realize that they acquired a first class project at a time of duress for the vendor, when silver prices were below $6, and the mines had been allowed to lapse into lower productivity due to a lack of operating capital. This means IPT won the project at distressed prices. There is exceptional development work that has been completed, and an outstanding workforce, on which a value cannot be computed. The upside potential for this deal is limited only by the vision and competence of the new operator, and IPT has already demonstrated that they have plenty of both.

The injection of new capital and strong leadership is rapidly transforming the entire project into a model mining operation and a textbook example of how a company should be run. There are no efforts to cut corners to save money today at the cost of efficiency tomorrow. Morale among the workers is exceptionaly high, and new employees are being hired and trained. A process to upgrade the infrastructure and refurbish the equipment is already paying dividends.

The operating mines are just a few minutes from town. Hydroelectric power is readily available to most of the property. Water is abundant and the town itself relies on water pumped out of abandoned mines. All buildings and infrastructure are well maintained and appear to be in excellent condition.

The currently operating Guadalupe Mine is just steps from the main mine office. This is a former Penoles project, and hence it is modern and well designed. The equipment for the hoist and main shaft is all refurbished and capable of serving a larger production capacity if the company chooses to expand the scope of operations. What is most impressive about this mine is that well over 100 kilometers of workings and tunnels have already been developed through many levels down to the 195 meter depth (about the depth of a 60 story building).

The main vein system is the Lipton vein, which extends for many kilometers across the entire property and has been accessed in several other mines. This vein is mainly a narrow, higher grade structure with common grades of several hundred grams silver per tonne, hosted in sulphide ores along with lead, zinc and some gold. The vein typically averages a couple of meters width but occasionaly swells to several meters and occasionaly runs to much higher grades.

There are other important and productive veins in this mine, including the Liptonia, the Intermediate, and the Paulina veins. Ore is transported from stopes by low-slung trucks to the main shaft where it is hoisted to the surface.

A number of other veins run to the northwest from the north-south trending main veins and where the veins intersect, wide zones of stockwork ore are found across intervals up to 15m. These zones are lower grade but yield a high tonnage of production and can be mined at surprisingly low cash costs for a small underground operation.

As the Guadalupe is mined to lower depths, it is expected that the silver rich ore will transition to more of a base metal rich deposit, as is common with other epithermal vein systems in Mexico. However, at a number of locations elsewhere on the property, the company has encountered enriched grades of gold and copper at depth, leading to speculation that the entire silver district could be underlain by a gold-copper district. At the current time the company is focused on expanding underground development to open new access points of silver rich ore and expand the operation further along the vein system, but at some point in the future management plans to test the potential at depth.

A short drive from the Guadalupe Mine, the Salvadora Mine is now in production. This was an old mine that had been out of production when IPT took over the property, but exploration work from the project geologists identified some new high grade veins near the portal to the mine including the Salvadora Vein which was identified in a news release on January 25th, 2007 (this can be found on the company website). Grades of up to 20 ounces silver were encountered across a 2m width, and much higher grades reported over narrower intervals. However, the main vein system here is again the prolific Lipton Vein, but development work has now opened new stopes accessing several other veins, one of which was only discovered a couple of days before my visit. The geologist that I spoke with confirmed that the same potential for larger stockwork zones may exist at the intersection of converging veins along the strike length of the system, and very little work has been done to depth in this mine. This underscores the high potential for the entire project, and Salvadora is just one of more than a dozen older mine workings that very likely have remnant deposits that could be put back into production.

The San Ramon mine was in production last year when IPT took possession of the property, but it has since been taken offline, as the higher grade ore shoots were mined out, and more exploration work needs to be completed to outline new resources.

A third mine is expected to commence production at the project later this year. The past producing Chivo Mine was recently accessed by project geologists, where high grade sample results were extracted from the open workings near surface. Much of the mine is flooded so a drill program was completed that hit numerous very high grade zones of silver across mostly 1-2m intervals that graded up to 69 ozs. per tonne, and averaged in the range of 20 opt plus associated base metals values. The company is working to drain the mine and open mining access points to target this high grade ore, and plans to have production commence in September.

Additonal exploration success has been achieved at several other targets but I will comment on this in a further update tomorrow. The main consideration is that the project area is huge, about 125 square kilometers. The veins that we were able to see during our tour on just a small part of this property are so numerous I could not write the names of them fast enough. Literally dozens of productive veins run along the countryside near the town, separate in many cases by just a few metres, and running to many hundreds of metres depth. These veins are largely unexplored, and historic development did not continue below the water table. The resource potential of this district, in an area of exceptional infrastructure, with a long heritage of local mining and a supportive local community, cannot be over-emphasized.

The management of Impact Silver is fully aware of the fantastic potential they control. The company owns most of the district, with only small parcels of land remaining to be consolidated, and ongoing negotiations with the vendors are progressing to lock it all up. The project geologists are talented and thorough and some of the best qualified people I have met on any of my mine tours.

With such strong management, a solid business plan to grow at a steady and sustainable pace, a clean balance sheet that will allow for measured capital investment to enable active exploration and development, and the prospect of increasing earnings and production well into the future, IPT represents one of the best juniors in Mexico for stable long term growth. Normally, the market asigns a premium to those well run companies with strong growth potential, but IPT can actually be bought at a discount to its peers. I do not think this situation will persist indefinately.

cheers!

Mike

Voluntary disclosure: IPT paid my direct travel expenses as a guest to visit the project. I have not received or been offerred any form of compensation for my time or to provide my commentary. I own shares in the company that I purchased at prices below 30 cents in the market, and I have continued to increase my position over time, and may buy more shares in the future.
_________________
"And the chance that you get is the chance that you seize" - Coldplay

"It aint me, I aint no millionaire's son" - CCR