Hallo
Der große Vorteil und die Klasse von VAN liegen doch darin, dass die sprudelnden Öl- und Gasquellen nicht in politisch unsicheren Staaten wie Irak, Nigeria, Venezuela (Chavez) oder Kasachstan liegen sondern in den USA Und in Kanada! 
Gruß Heinz
Frohes und erfolgreiches neues Jahr 2006!
Schon ein paar Tage alt aber fasst alles über Vangold zusammen.
Vangold Resources’ High-Octane Formula for Success Offers a Perfect Mix of Exponential Revenue Growth and “Blue Sky” Opportunities
By Marc Davis, Managing Editor
November, 2005
Vangold Resources Ltd. (TSX.V-VAN) is a dynamic, cash flow-positive Canadian natural resources company that benefits immeasurably from an enterprising, high-octane growth formula. Indeed, early-stage successes at several high impact oil & gas projects are already beginning to build significant intrinsic value into the Company’s share price. This is illustrated by the soon-to-be-realized advent of exponential revenue growth which is projected to increase more than twenty-fold to around the Cdn. $1 million a month mark by the end of Q2 of 2006.
Meanwhile, Vangold’s (http://www.vangold.ca/) internationally diversified portfolio of prospectively world-class mineral assets also offer investors tremendous “blue sky” opportunities. In particular, at least two of the Company’s jointly-held, advanced-stage Papua New Guinea gold projects exhibit “multi-million ounce potential,” according to brothers David and Eric Coffin, two of the investment industry’s most well-regarded independent mining analysts and newsletter writers. Notably, both well-mineralized properties are situated in close proximity to two of the world’s most prolific gold and gold-copper mines. Of equal importance, they also benefit from the same geological environment and exhibit comparable geological footprints to these “elephant-sized” mines.
In essence, all the right dynamics are in place to power Vangold’s emergence as a resource investment tour de force during an across-the-board historic bull market for natural resources. Accordingly, SmallCapMedia has selected Vangold for special consideration as we view this to be a considerably undervalued equity that is primed for a news-driven breakout in the coming months.
Strategy of Diversification Leads to Lucrative Oil & Gas Finds
First, let’s focus on where nearly all of the action is these days in the stock markets – the oil & gas sector. And that’s where Vangold has made a very smooth transition and has found true meaning in the old adage: “Success breed success.”
In fact, since its first foray into oil & gas exploration in early 2002, Vangold has reinvented itself as a hybrid natural resources development company that has tapped into a rich pool of opportunities. It’s a rare accomplishment as only a tiny handful of other junior mining companies have proved sufficiently shrewd and visionary to embark upon a similar company-building strategy. But only Vangold can likely boast of such an impressive track record to date.
Starting with a minority 3.75% gross interest in several producing natural gas wells in the East Corning Field in the Sacramento Basin in California, Vangold has benefited for at least three years from cash flow payouts that now average of approximately Cdn. $50,000 per month. This project represents a mere fraction of the projected revenues that the Company is on the fast-track to generating.
For instance, Vangold has a 26.25% participating interest in the Killam Oil Project leases in the Culane Oil Field in central Alberta. An initial test well drilled in January of this year proved successful and has been producing approximately 120 barrels of oil per day (bpd) for nearly a year. The Company and its partner subsequently acquired and closely studied extensive 2-D and 3-D seismic data to develop a better understanding of the size and scope of the hydrocarbon-rich formations in this oil field. Their findings proved so encouraging that they are now planning to drill up to 14 additional horizontal legs (wells) at Killam prior to the year’s end. In addition, two water injection wells are also scheduled for spudding.
Up to an equal number of additional wells could be developed on this property in 2006. On this note, the Company’s management estimates that a best-case scenario may translate into monthly revenues for Vangold of up to Cdn. $600,000 per month for this one project, alone, by the end of Q2 of 2006. All told, the Culane Oil Field is believed to host an estimated 4-5 million barrels of oil from which Vangold’s projected interest could in due course top 900 bpd. This is based on the assumption that up to three dozen more wells may eventually be successfully developed – each with flows of 100 to 200 bpd.
Another Rich Natural Gas Find?
Most recently, Vangold’s winning streak received another boost by way of the Company’s participation in another high impact natural gas project, immediately west of the major city of Calgary. Situated on the largely-unexplored T’ina First Nation (Sarcee Indian Reserve), this land package bisects a major north-south geological trend or belt that hosts numerous producing oil & gas fields or pools. In fact, in nearby lands to the south, Shell Canada operates two wells that have accumulatively produced in excess of 180 billion cubic feet of gas since their discovery in the 1950s. And they are still going strong. In fact, Vangold’s jointly-owned test well is considered an offset well to Shell’s two big producers.
So it comes as no great surprise that a gas pool has been encountered at Sarcee that contains an estimated 20-30 billion cubic feet of gas per well. This translates into up to 120 bcf of gas based on the prospect of four wells being put into production. These figures are based on an independent evaluation of preliminary test information, including 3-D seismic interpretations and well logs. Vangold has a 9.8% working interest in the four-section 2,560-acre petroleum lease, known as the Sarcee Project. Notably, the Company’s management believes that this one well, alone, could enhance revenues by a further Cdn. $150,000 to $250,000 per month. Furthermore, up to three more contingent wells can be drilled by the consortium on this acreage, in which Vangold has the option to maintain its 9.8% working interest.
Another prospectively lucrative money-spinner among Vangold’s much-envied portfolio of nine North American oil & gas projects is the Strachan Field natural gas prospect near Rocky Mountain House in Alberta. The Company has a 9.166% working interest in this prospectively major gas pool. A test hole completed by the project operator last summer is currently being evaluated. Its “tight hole status” designation (a high level of operational secrecy) augers well for the prospect of a prolific flow rate. If successful, up to three more contingent wells may also be drilled in 2006.
Multi-Million Ounce Advanced-Stage Gold Prospects in “Elephant Country”
With the prospect of Vangold hitting its stride with oil & gas revenues reaching Cdn. $1,000,000 a month or better by Q2 of next year, the Company will be ideally positioned to aggressively develop its various advanced-stage gold and copper-gold properties. In this regard, Vangold has sizeable direct and indirect interests (typically around a 50% ownership) in six gold projects and one copper-gold project in Papua New Guinea. Most of which are advanced stage projects that benefit from well-defined, well-mineralized discovery zones.
Collectively, the properties cover an area exceeding 1,700 square kilometers in this South Pacific island chain. Of particular importance, approximately Cdn. $22 million has already been spent by past operators of these properties, bringing the bulk of the most prospective gold discovery zones to a drill-ready status. On this note, the Company has recently purchased its own diamond core drill rig. As of December of this year, it will be dedicated to a year-long program of delineating further mineral resources at the Company’s premier project areas. Encouragingly, all of Vangold’s Papua New Guinea projects encompass gold-camp-sized properties. Moreover, they are all situated in one of the most geologically fertile and prolific gold belts in the world.
The flagship prospects include the Mount Penck and Feni Islands properties. They each exhibit “multi-million ounce potential,” according to the renowned independent mining analysts and investment newsletter writers, brothers David and Eric Coffin. Previous extensive developmental work has revealed that the various mineralized systems discovered to date demonstrate high bulk tonnage grades over very wide intercepts. Even very high-grade “bonanza” drill intersections have been encountered in certain particularly mineral-rich zones, suggesting the possible presence of deep-seated feeder zones. Indeed, a multitude of various corroborative exploration results point to the presence of an emerging major gold system, of which the Kavola East prospect is the best explored to date.
“The Kavola East target at Mount Penck could easily host a huge deposit…” say the Coffins in their Vanguard Review newsletter. Accordingly, this one key mineralized zone and the adjacent Koibua zone will be the initial focus of an upcoming diamond core drilling program. Vangold has a 40% indirect interest in the Mount Penck Property.
Interestingly, the Kavola East discovery zone constitutes only a small part of the known parameters of Mount Penck’s mineralized systems. And even though this one prospect covers at least two square kilometers, it still has plenty of scope for expansion. Thus far, past drilling and trenching programs have consistently returned rich ore-grade mineralization and a preliminary inferred gold resource base has already been outlined by previous operators. Hence, Vangold and its joint venture partner intend to build upon this now out-of-date resource figure by way of an imminent grid-based program of infill and step-out drilling. As mentioned earlier, this drilling is expected to be ongoing for at least 12 months and is also likely to include the other half dozen or so adjoining target areas – all of which could go a long way to further expanding the property’s gold resources.
Meanwhile, a total of seven holes drilled at Kavola East in 2004 by Vangold’s joint venture partner, New Guinea Gold, produced some tantalizing hints of things to come. These results include 72 metres of 1.79 g/t of gold, and 12.9 g/t of silver, including 43 metres of 2.35 g/t of gold. Bonanza grades were also encountered including 2 metres of 36.7 g/t of gold at a depth of only 68 metres. Past trenching has also revealed consistent grades of up to 97 metres of 3.39 g/t of gold and 131 metres of 2.35 g/t of gold in certain sweet spots.
These results bode well for the emergence of a large, near-surface ore body that is amenable to bulk tonnage open-pit mining. Likewise, the property also offers both the potential for narrow, high-grade mineralization, particularly at depth. It is therefore worth noting that during the last phase of drilling mineralization was encountered to a depth of 160 metres and remains “open” (continuous) at depth. Most importantly, the upcoming drilling is expected to be sufficiently extensive to allow NI 43-101 compliant resources to be calculated (more in this later).
Similarly, the Koibua Prospect benefits from several potential bulk tonnage mineralized zones including a near-surface structure averaging 55 metres of 2.75 g/t of gold. It also includes select bonanza grades, such as 3 metres of 37.04 g/t of gold. This prospect is also open at depth.
Of special significance is the fact that the fracture zone in the earth’s crust that created the Papua New Guinea island chain also produced a golden corridor that includes some of the world’s most prolific deposits. Most notably, they include the Lihir Gold Mine, which boasts an inventory in excess of 40 million ounces of gold. This is particularly relevant as it seems that the Mount Penck Property exhibits very similar geological characteristics to the epic Lihir Gold Mine.
In the Company of Giants
However, it is actually the Feni Islands Property that is most worthy of compelling comparisons to the Lihir Gold Mine. Specifically, the 37-square-kilometre Feni Islands land package (spanning two small islands that are separated by a narrow strait) lies at the centre of the Lihir Corridor. This is a major structural trend that hosts two of the world’s most impressively-sized gold and gold-copper mines. In actuality, the Lihir-Bougainville Corridor is a highly active volcano belt where gold is deposited as part of the volcanic activity at and near surface from mineralized fluids that emanate from hot springs.
Situated on each side of the Feni Property are the Lihir Gold Mine and the Bougainville Mine. The latter hosts over 16 million ounces of gold and 5 million tones of copper. Most importantly, the Feni Property’s mineralized zones are very similar in grade, mineralology, and alteration to the discovery zones that led to the development of the Lihir Mine. Vangold holds a direct 50% interest in these claims and has the option to earn up to a 75% stake.
The presence of a number of well-defined targets and an already established drill-inferred resource base further attest to the property’s highly prospective potential. Indeed, a past operator sunk no less than 180 drill holes spanning 16,413 metres to arrive at a preliminary inferred resource estimate. Yet, this calculation cannot be elaborated upon within this article as it is now out-dated and does not conform to Canadian National Policy 43-101 guidelines – a Canadian federal government recognized standard of a “measured resource”.
However, a more recently drilled new discovery zone that was located by Vangold’s joint venture partner to the north-east of the property’s main Kabang mineralized structure reveals some of the property’s overall potential. Drill highlights include an intersection of 52 metres of 2 g/t of gold within 188 metres of 1.2 g/t of gold. All told, there are over 40 known gold occurrences at the Feni Islands Project area, most of which are as yet untested. Hence, a program of systematic geochemical sampling, ground-based geophysics, and trenching will be conducted in the near-term with a view to identifying more high-priority drill targets. Again, the Feni Islands Property offers the potential for a world-class discovery.
As previously mentioned, Vangold also has a major interest in nearly half a dozen other Papua New Guinea properties – in all of which extensive mineralization has been uncovered. Again, nearly Cdn. $22 million has been spent developing these properties, mostly by past operators of these projects. But this figure also includes several million dollars worth of exploration conducted during the last few years by Vangold and its joint venture partner. All of these other properties will be more thoroughly investigated with a view to identifying high-priority drill target within the foreseeable future.
Untapped African Copper and Gold
By continuing to adhere to a strategy of strength through diversification, Vangold has also recently acquired an option to earn a 100% interest in seven copper-cobalt properties in western Uganda that encompass 80 square kilometres.
Five of the most prospective licenses are in the same concession that hosted the former prolific Kilembe Mine that produced over 16 million tonnes of ore grading 1.98% copper and 0.17% cobalt. Furthermore, infrastructure is in place at the Kilembe Mine, as well as an extraction facility at Kasese (near Kilembe) for recovery of cobalt from pyrite mill tailings. These various properties are in a very similar geological environment.
Past early-stage exploration work has identified mineralization that was never followed-up on due to the deterioration of Uganda’s political situation under the rule of the dictator, Idi Amin, in the 1970s. The remaining five other properties also exhibit the potential for gold discoveries also and are likewise to be found in the southwest extension of the Kilembe Mine belt.
Investment Summary
On a corporate note, Vangold’s long-standing president, Dal Brynelsen, has more than 35 years in the mining business to his credit. He also has the rare distinction of having been instrumental in the discovery and development of two mines, while he has also financed many others. Notably, the Company’s directors and management collectively offer shareholders well over a century’s experience in the mining business. And they, too, have also earned accolades for the discovery and development of no less than 15 other mines.
From a technical perspective, the Company has approximately 46.1 million shares outstanding (about 66.4 million shares fully diluted) – a scenario that typically translates into good daily trading volumes. Having said that, the stock’s daily float is smaller than it may seem as up to 60% of the Company’s equity is owned by institutional investors, according to Vangold’s management. This is particularly encouraging as it demonstrates the extent to which sophisticated money managers are willing to put their seal of approval on Vangold’s unorthodox, yet very successful, business model.
It is also worth pointing out that the Company’s currently undervalued stock is underpinned by very strong fundamentals, such as fast-growing oil & gas revenue streams. Indeed there’s no shortage of key value drivers that promise to soon converge to ensure this Company’s bright future. Not the least of which is the likelihood of plenty of positive news flow, which should establish a sustained uptrend for Vangold’s share price.
And the very real prospect of up to several “home run” gold and/or oil & gas discoveries over the next 12 months may yet catapult the Company to much higher share price multiples. Hence, SmallCapMedia believes that Vangold Resources will prove to be a strong performer during the balance of 2005, while next year should surely be a banner year. We therefore intend to keep our readers closely apprised of this Company’s rising star.
© 2005 SmallCapMedia.com
Gruß Heinz
HANDELSBLATT, Donnerstag, 29. Dezember 2005, 14:34 Uhr
Notierung nimmt Kurs auf Rekordhoch
Gerüchte um Käufe von Notenbanken treiben Goldpreis
Der Goldpreis hat gestern seine Klettertour erneut aufgenommen. Im europäischen Handel verteuerte sich die Feinunze Gold um über sieben Dollar und zog auf mehr als 516 Dollar an.
DÜSSELDORF. Auf der Käuferseite standen erneut Fonds, hieß es in Marktkreisen. Noch höher hatte Gold Mitte Dezember notiert, als es mit über 540 Dollar so teuer war, wie seit über 25 Jahren nicht mehr. Einsetzende Gewinnmitnahmen hatten den Preis dann für kurze Zeit aber zeitweise bis unter 500 Dollar gedrückt.
Das neu erwachte Interesse begründeten Händler mit der insgesamt positiven Stimmung für Gold, aber auch mit Sorgen über eine mögliche Abschwächung der Weltkonjunktur. In wirtschaftlich unsicheren Zeiten suchen Investoren Gold nach wie vor als „sicheren Hafen“.
Die jüngsten Gewinne des Edelmetalls führen Experten daneben auf Spekulationen zurück, dass einige Zentralbanken den Goldanteil an ihren Währungsreserven erhöhen könnten. Absichten in dieser Richtung haben bereits Russland, Südafrika und China geäußert. „China könnte in absehbarer Zeit seine Goldbestände um 600 auf 2 500 Tonnen erhöhen“, sagte Teng Tai, ein Ökonom von China Galaxy Securities nach Angaben der offiziellen chinesischen Nachrichtenagentur Xinhua.
Bisher haben gerade asiatische Notenbanken schwerpunktmäßig auf den Dollar gesetzt. Bei europäischen Zentralbanken entfällt dagegen meist ein erheblicher Anteil der Reserven auf Gold. So liegt etwa der Anteil des Edelmetalls in Deutschland bei gut 50 Prozent. In der Volksrepublik China sind es hingegen zurzeit nur 1,1 Prozent, in Russland und Indien jeweils 3,6 Prozent. Selbst die reichen Staaten des Gulf Cooperation Council (GCC) sind nach Beobachtung von Eberhardt Unger von der unabhängigen Analysegesellschaft Fairesearch in Gold unterinvestiert. In Saudi-Arabien stelle es gerade einmal 7,4 Prozent und in Qatar 0,2 Prozent der Reserven. In Kuwait sind es immerhin 11,6 Prozent; die Zentralbank hat den Anteil erst vor wenigen Wochen aufgestockt.
„Das zunehmende Risiko eines Kursrutsches der in Dollar gehaltenen Währungsreserven könnte die Notenbanken zum Umdenken anregen, insbesondere im Fernen und Nahen Osten“, erwartet Eberhardt Unger. Er hält daher Gold für eine „aussichtsreiche Depotergänzung“. Auch Robert Cameron, Goldhändler von Mitsubishi International Corp erklärt den jüngsten Preisanstieg mit Diskussionen um die Aufstockung der Goldreserven in Asien. „Das treibt die Spekulation am Markt an“, sagte er gegenüber Bloomberg News.
...schöner Ausblick für das kommende Jahr
- Eine Perle im Explorerbereich-
Vangold Resources (ISIN CA92202C1068 / WKN 358668 / TSX: VAN)
Besonders gut gefällt mir bei Vangold Resources, dass das Unternehmen nahezu das gesamte Explorationsspektrum abdeckt, von Gold über Kupfer bis hin zu Öl und Gas.
Die in Vancouver, Kanada, ansässige Vangold Resources Inc. ist ein sehr breit aufgestelltes Explorationsunternehmen, das Öl-, Gas-, Edel- und Basismetallvorkommen auf 15 Liegenschaften in 3 Ländern exploriert.
Zwei Projekte produzieren bereits Öl, wenn auch in geringem Umfang. Zwei weitere Projekte stehen kurz vor der probeweisen Aufnahme der Gasproduktion. Mit den produzierenden Öl- und Gasquellen ist Vangold bereits in der günstigen Lage, einen Teil seiner Explorationskosten selbst zu erwirtschaften
Die Öl- und Gasvorkommen liegen in Kanada (Alberta) und USA (Kalifornien, Texas).
Außerdem hat Vangold sieben sehr attraktive Goldprojekte in Papua Neu Guinea sowie ein weiteres Goldprojekt in Rossland, Kanada. Vangold ist damit der zweitgrößte Explorer in Papua Neu Guinea.
Ich habe auf Sicht von 1 Jahr ein Kursziel von 0,60 Euro, langfristig dürfte mehr drin sein.
