Minera Andes / M A I (TSX)

MAI.TO ewig auf der watch gehabt und mir zu den ausverkaufskursen eine Position gesichert. Bin hier vor ein paar Tagen zu 1,02CAD zum Zuge gekommen.... gestern standen wir am Schluss bei 1,21....passt
Wichtig für mich abgesehen von dem bereits erwähnten wie z.B. niedrige cash costs ist
-ein funktionierendes Geschäftsmodell, sie betreiben ja eigentlich nicht selber sondern explorieren nur und sichern sich dann hohe Beteiligungen
-San Jose wird die Produktion auf absehbare Zeit vedoppeln
-ein weiters großes Kupferprojekt in fortgeschrittenem Stadium
-unglaublich gutes Explorationspotential in noch völlig jungfräulichen Gebieten in Argentinien

Gruss

Hi Jungs.

Ich denke hier kann man nicht viel verkehrt machen. Ist zwar schon wieder heftig gestiegen, aber als Langfristinvestor sind das bestimmt immer noch gute Kaufzeiten.

Gruß Jürgen

Hat vielleicht jemand von euch eine Kurszielprognose oder ein KGV von Minera Andes?

Ich würde die Aktie gerne langfristig kaufen, aber ohne jegliche Aussichten und Prognosen fällt es mir schwer sie nicht nur als spekulativen Trade bei den tiefen Kursen anzusehen.

Vielen Dank!

@EDEL

Eine sehr feine Nachricht, die nochmals nachhaltig das Potential von MAI auf signifikant höhere Notierungen verdeutlicht....mit solchen Grades werden sich die Produktionskosten dauerhaft auf einem Niveau halten lassen die sehr schöne Gewinne ermöglichen.....die in Aussicht gestellte Verdopplung der Produktion sollte so ebenfalls möglich sein + Reserven und Resourcenausweitungen in San Jose inbegriffen....ungeachtet der noch sehr vielversprechenden anderen Projekte....diese Meldung war dem Markt gestern -8% bei MAI wert......schon verrückt....ich ziehe derzeit meinen Hut vor den Shorties; gegen die kommt im Moment keiner an...ich wünsche aber bereits auch jetzt viel Spass beim Eindecken der offenen Positionen wenn der Markt dreht......

Gruss

Copper recoveries over 92%...
MINERA ANDES ANNOUNCES EXCELLENT METALLURGICAL TESTING RESULTS FOR LOS AZULES
...Allen Ambrose, president of Minera Andes, said: “The positive metallurgical testing program shows that standard reagents and flotation methods can be used at Los Azules to produce a high quality saleable concentrate...

VG heron

Artikel von Charles Wyatt auf minesite.com, 2. Oktober 2008

Minera Andes Poised For Expansion Off A Very Solid Base

Take a look at the share price chart of Minera Andes and you will see a hockey stick shape at the end. In other words there was some news in August September-time good enough to move the price upward even in these dire times. A look at the recent news items confirms that there was plenty to invigorate shareholders and some of it may be responsible for the fact that the shares have only fallen from US$1.50 to US$1.05 since June which is a whole lot less than most of the company’s peers. But then there is a major difference, as Minera Andes is a producer of gold and silver with a 49 per cent interest in the San Jose gold mine in Argentina which is operated by its partner, Hochschild Mining.

In fact the good news started right at the end of July when Allen Ambrose, president of the company, announced from his office in Spokane, Washington State, that gross proceeds from metal sales during the second quarter of 2008 to end June amounted to US$63.7 million. The San Jose project had started operations a year previously, and over that period produced gross sales of around US$74.6 million from silver and gold, most of which accrued in the last three quarters. Actual production in the June quarter amounted to 1.093 million ounces of silver and 12,410 ounces gold, of which 49 per cent accrued to Minera Andes. Mr Ambrose explains that this cash flow will be used to fund further expansion of the mine and for connection to the regional power grid. The rest of the cash will be used to repay the joint venture debt, but this still leaves his company in a strong financial position, with over US$8 million in the kitty.

Two more bits of good news followed in quick succession. First it was reported that production cash costs in this second quarter averaged US$322 per ounce for gold and US$6.16 per ounce for silver. These costs compare with selling prices on a weighted average basis of US$901 per ounce of gold and US$16.47 per ounce of silver, which represents a healthy profit even though no account is taken of depreciation and amortisation. And the underground mine’s rate of production is going to be doubled to 1,500 tonnes per day by the end of this year so cash flow will be growing.

The second bit of good news was that in the first half of 2008 Minera Andes recorded net income of US$7.2 million, or US$0.4 cents per share, which is quite an achievement at such an early stage. Mr Ambrose describes it as a milestone event which confirms the emergence of the company as a producer. Moreover, after production has doubled, as is the plan, Minera Andes will be able to claim a place for the San Jose mine in the list of the top ten primary silver producers in the world. And that’s not the only credit that’s due. It was Minera Andes, after all, which discovered the mine in northwestern Santa Cruz province, in a part of Argentina that is revealing itself to be a new mineral frontier. The 99,000-acre San Jose project area has the potential to evolve into a mining district, and could well end up hosting a number of mines.

The vein-hosted system is relatively high grade at around 16 grammes per tonne gold-equivalent and this has been confirmed by recent drilling results from the Odin, Ayelen and Frea veins where the best intersection graded 63.63 grammes per tonne gold and 1,158 grammes per tonne silver over 1.94 metres. Currently, about 40 kilometres of vein strike length is known, of which only about 15 per cent has been drilled-tested, and less than 10 per cent accounts for the ore reserve base supporting the San Jose mine. The last resource estimate was given in October 2007, but another is underway which will take account of a further 30,000 metres of drilling which has taken place since July 2007. There seems little doubt that this will increase the reserves and resources significantly as has happened with each estimate made since discovery in 2005.

Minera Andes also has an option to earn a 100 per cent interest in the Los Azules copper project in San Juan province near the Chilean border, currently owned by Xstrata Copper. This looks like a big one, though whether it will be big enough to persuade Xstrata to exercise its buy-back clause is not yet known. If Xstrata did exercise that clause it would mean that Xstrata would be satisfied that any mine there could produce 100,000 tonnes of copper a year for 10 years which is a big ask. As it is, Minera Andes is carrying out a scoping study and economic analysis and much more will be known once the results of this study are published before the year end. In the meantime the company has recently announced an initial inferred resource estimate for the project at a 0.35% copper cut-off, amounting to 922 million tonnes at 0.55% copper giving 11.2 billion pounds of copper, which is a good start.

What is even more important is that there is a near surface high grade copper core which was first identified back in 2006. This could boost the economics of a starter pit which would mean that production could start earlier than anticipated. Anyway, Los Azules already qualifies as one of the largest new undeveloped copper deposits in Argentina and this may be why a galaxy of stars joined the board recently, including Rod McEwen of Goldcorp fame who has a holding in Minera Andes amounting to 38 per cent. He has brought with him Victor Lazarovici, who has had a career as a base metals and minerals analyst with leading firms in New York, and Don Quick who was a director of Goldcorp and instrumental in its biggest deals. With people like this on board, it will be no surprise if Minera Andes comes up with some interesting deals, and opportunities should certainly abound in the coming months.

@Edel

Unklar ist wie es beim LOS AZULES-Projekt weitergeht. Die Entwicklungskosten werden vermutlich deutlich über 500 Mille liegen. Nun kann MAI mit Xstrata zusammenarbeiten, wobei Xstrata durchaus auch mehr als 51% Prozent des Projektes übernehmen könnte. Oder MAI versucht es alleine bzw mit irgend einem anderen Partner. Aber rechnet sich das? Alles noch ziemlich unklar. Wie auch die Auseinandersetzung Xstrata - TNR Gold:
TNR Gold Amends Legal Action to Seek Rectification Confirming 25% Back-In Right

VG heron

Hi Edelmann

Mir nicht so ganz klar, weshalb diese Aktie so abgeschmiert ist, da doch jene mit einem sehr geringen Kostenanteil pro geförderter Unze zurecht kommen. War nicht etwas von 330o $ pro geförderter Unze. die müsste doch längst abgehen wies Lottchen !

Gruß Jürgen

Hi Edelman

Ich bin auf der Suche, was die so Cash in der Kasse haben. Kannst du mir da helfen, und wie lang ist eigentlich die Lebensdauer dieser Mine

http://www.minandes.com/i/pdf/2008-Q3.pdf

Gruß

Hi, danke für die Antwort !

Welche dieser Juniors sagen dir denn am meisten zu, und was hälst du denn von Silvercorp ( machen gerade eine KE )

Gruß

Zitat von Edel Man

MAI natürlich, ein alter Favorit, wieder neu

Hmmmmmmmmm, ich kann es nur schlecht beurteilen, aber hinkt diese Mine nur hinter dem Markt hinterher, bzw. ist die so billig, oder steckt da der Teufel nicht doch irgendwo im Detail das nicht zu sehen ist.
So von dem Eindruck her ist soweit alles ok. Kannst du das momentane KGV einschätzen. ?

Gruß Jürgen