Anbei mein kleines übersichtliches Depot sortiert nach Gewichtung:
GORO (69% -> und ich werde nichts abgeben!)
RIO
CPN
AXU
MXSG (Zock!!!)
Tue mich gerade unheimlich schwer mit Neueunstiegen da alles schon gut gelaufen ist (über 30 Werte auf der WL).
Würde eher bei CPN noch aufstocken wollen da in meinen Augen absolut unterbewertet, bin doch aber dort zur Zeit etwas verunsichert.
Gibt es es einen Link oder Detailinfo zu 1., wenn vorhanden ?!
Leider nein, der kostet wohl was...
Deshalb alles ohne Gewähr - hier ein paar Auszüge die ich zusammenkopieren konnte.
Gold Stock Analyst: JUST RELEASED
ome of the 270,000’ of drill core was displayed in open boxes, each with 5
rows of 3’ of rock. While surely some of the best was displayed, there's
little doubt about the spectacular grades. The highlighted sample in the
picture, is almost 5X the average grades. While subject to mining dilution,
recovery losses and smelting charges, the $6,403 value /ton is truly amazing.
Even the average grade reported by GORO has a gross value of $1,329/ton at
current prices. With mining and processing seldom running above $150/ton ore in
the industry, it's obvious this is a very profitable deposit. And so obvious
to Hochschild that the miner invested $65 mil in GORO w/o benefit of a
feasibility study... and that position now has a value of ~$360 mil.
Next stop was a Mill tour. It's actually twin 400 t/day systems (nominal –
depending on rock hardness can run 300 to 450 t/day) with an agitated leach
circuit for Gold and Silver that will produce an ~95% pure Au/Ag dore, and a
floatation circuit for polymetallic ore (Au/Ag/Cu/ Pb/Zn) that results in a
concentrate for final recovery at a smelter.
Dividends are increasingly important to investors and GORO's plan to pay out ~1/3 of cash flow is very attractive. One purpose of this trip was for GSA to get increased confidence in Co’s dividend flow. That Co declared its 5th Special dividend on Nov 30, while we were there, there was a good sign. Barring unforeseen events, we expect the $0.03/month rate will con- tinue until commercial production is established from the richer underground ore, targeted for mid-11. At that point we expect "Special" to be dropped to establish a regular $0.36/year rate.
And before end-11, with UG mining fully de-bugged, we see a potential to double the dividend rate to $0.72/yr. This would make GORO the highest dividend-paying precious metal stock, an honor now held by Newmont which trades just above $60/ share on its $0.60 annual payout. Since gold miners typically trade at a 0.5% to 1.5% yield, a $0.72/yr rate would give the potential for GORO's shares to trade between $48 (1.5%) and $144 (0.5%). We are not changing our targets, $36 short term and $57 long term, but giving subscribers a hint at the "blue sky" potential.
Net net, we were very pleased with what we saw. It's now up to the Company to execute on their plans. We're confident, based on what we saw and the Reid's prior mines, that they are completely capable of the task.
Buy! GORO continues GSA Top 10!
ich denke 2 Ereignisse können dazu geführt haben:
1.) John Doody war 3 Tage auf Sightsseing bei GORO und hat in seinem Newsletter äußerst positiv berichtet und die nächsten Kursziele von 37, 57 und 144 Dollar ausgerufen
2.) GORO ist absofort im S&P/TSX GLOBAL MINING INDEX gelistet!
Geht mir ähnlich, ich habe nochmals aufgestockt.
Im aktuellen Cormark Report wurde ein sehr konservatives Kursziel von 1,00 CD ausgerufen:
We are initiating coverage on Carpathian Gold with a Buy rating and a
C$1.00 target price. At 0.61x NAV, Carpathian trades below many of the
junior gold explorer/developer peer group in the Cormark coverage
universe. We believe appreciation in the shares will come from a rerating as
the company advances its Riacho dos Machados (RDM) project to
production, and as a higher valuation is awarded to the Rovina Valley
project in Romania once the market begins to take notice of the Rovina
potential, and there is further clarity on the permitting of projects in
Romania.
We believe the downside is limited at the current price given RDM is fully
funded and worth C$0.60 per share using conservative operating metrics
and gold prices, and the upside is significant given the wide range of value
that one could ascribe to Rovina. Our NAV of C$1.00 per share is based on
an in-situ value of $25/oz for the 7.0 MMoz resource at Rovina. On a DCFbasis,
this NAV would increase to C$1.50 per share using our long-term
price forecasts of $1,000/oz for gold and $1.75/lb for copper, and to over
C$3.00 per share using current spot prices for gold and copper.
Die große Preisfrage bleibt: Werden die Rumänen wirklich Minenlinzenzen vergeben?
Wenn man sich die irrsinnige Bewertung einer GBU anschaut, dann scheint der Markt das jedenfalls anzunehmen.
CPN produziert ja zumndest in 2012 in Brasilien...
@the_brain
Das Ding läuft so schnell! Einstieg deiner Meinung nach noch ratsam?
Also ich sehe das ganze noch nicht so schwarz wie ihr... Die Grünen stenkern überall in Europa!
Ich habe nochmal genau wegen den Rechtsstreitigkeiten nachgefragt und um eine Einschätzung zur Bearbeitung durch den Supreme Court gebeten (habe mal ins Blaue bis zu 2 Jahren geschätzt).
Relativ zügig hatte ich auch schon eine Antwort:
The government changed a zoning law that increased the distance from the coast line for building and development from 100m to 500m from the coastline: “In 2005 the open pit permit was denied by the Principality and the Commission of Urban and Regional Planning (FEE) in application the Coastal Management Plan (POLA), which provides maximum protection strip of coastal boundary of the community. The area that would be affected by the mine is protected by the POLA (Plan of Development of the Asturian Littoral) although the company affirms that the concession is previous to such legislation.” Also, the land was already expropriated from farmers and changed to mining use for Rio Narcea: “The decision was not based on environmental factors and contradicted several other authorizations previously received by Astur Gold´s predecessor Rio Narcea, the most important of which being the expropriation of farm land and its dedication to mining use.” Basically this decision has nothing to do with Salave itself, it is a general zoning law that happened to interfere with construction of the mine site. In any normal situation existing projects would be grandfathered in rather than stopped. In fact other projects already in progress such as a cement plant were grandfathered in and this is a large the legal basis for contesting it this decision.
The supreme court ruling could take up to 2 years. It is purely a function of the backlog in the Spanish court system. We were already offered an underground mining permit, but underground alone may not be economic (we will find out soon when the scoping studies for both scenarios are done) and even if it is, we will still clearly lose profits and would have to be compensated. Currently, our management is trying to negotiate for a compromise where we do a smaller open pit than originally planned by Rio Narcea (this will also decrease the stripping ratio) with an underground decline to get the pockets of high grade ore at depth. We believe negotiation with the regional government and consultations with community leaders will solve this faster than the courts. There is 20% unemployment in Spain and the EU ruled that all coal mining subsidies must stop entirely by 2014. Coal mining is a large industry in north-western Spain and 4000 jobs in Asturias alone are directly tied to it. Madrid used to pay a subsidy to utilities to burn domestic coal, but had to stop last February and without the subsidy they use only cheaper imported coal. The miners have not been paid wages for months and were striking and blockading roads through summer and early fall. The Mining Union of Asturias gave us their full support as far as May. The survey we did in the town of Tapia, which is the closest town to the property shows 75% of people are in favour. Our offices in Spain received 900 job applications from the locals to date.
There is an election coming in May, which puts pressure on the current government to come up with solutions to the unemployment problem, and a profitable gold mine that puts some of those miners to work is an easy option. It is also likely that another more conservative party will win the election and have a more friendly outlook on this issue. Once the scoping studies are done, we can sit down with the government and show them exactly how many ounces we lose from an UG only operation as opposed to open pit. Open pit will clearly provide more jobs and larger revenues for us, as well as the government in tax form. It is much smarter for the government to let us create jobs and pay them taxes than to compensate us from tax-payer money. It is also important to recognize the fact that the permit denial came in 2005 when Spain was booming economically through housing and construction and now the situation is much different .
Also abwarten ob es zu was für einer Entscheidung es kommt. Die Grades anzuzweifeln verstehe ich ehrlich gesagt nicht. Es wurden fast 40 Millionen in 2005 von Rio Narcia verbohrt und ein NI 43-101 abgeliefert....
Nach dem ich mit Cary Pinkowski, dem CEO auf der Edelmetallmesse sprechen konnte und ich hier noch keinen Einzelthread gefunden habe, möchte ich Euch gerne diesen Wert vorstellen.
Astur Gold entwickelt das Salave-Gold-Vorkommen in Asturias Spanien. Mit 2 Millionen Unzen bezeichnet AST das Vorkommen als einen der größten und hochgradigsten unentwickelten Goldvorkommen in Europa. Die Römer haben dort schon vor 2000 Jahren abgebaut..
Highlights:
- 100% Besitz am Salave-Projekt mit 5 Mineral-Konzessionen über 433 Hektar
- Fortgeschrittenes Goldvorkommen mit NI 43-101 kompatiblen Ressourcen von 1,68 Mio. Unzen (measured and indicated) und 338.000 Unzen inferrred.
- Metallurgische Tests ergaben eine Gewinnungsrate von 90%
- Bis heute über 64.000 m gebohrt und 430 Bohrlöcher
- gute Bergbauinfrastruktur durch Kohleförderung in der Region
- weiteres Explorationspotential da 4 hochgradige Goldmineralisierung nach unten offen sind + westliches Gebiet noch nicht erkundet
- Lundin Mining hält 15,7% an AST
Aktien:
- 3,7 Mio. Cash
- Schulden: 0
- fully dilluted: 36,5 Mio. Aktien
- Anteil Management: ?
- Anteil Lundin: 5,3 Mio. Aktien
- Aktuelle Marktkapitalisierung: ca. 48 Mio. C$ 
Next steps:
- 500 Meter geotechnische Bohrungen zur horizintalen Erkundung des Vorkommens
- 2000 Meter Bohrungen zur Analyse der Gesteinsproben und Ermittlung der optimalen Abbaumethode (man sprach von open pit + underground)
- 3000 Meter Tiefenbohrungen
- Erlangung der Open Pit Permit
- Machbarkeitsstudie in 2011
- Bohrung eines 2,2 km Schachts zur Untertage Exploration und als potenzieller Förderschacht
Neue Unternehmenspräsentation:
http://www.asturgold.com/inves…o/corporate_presentation/
Zuletzt konnte Sean Roosen (CEO Osisko Mining) als Direktor gewonnen werden. Man wird jedoch frühestens in 2013 produzieren können. Im Moment arbeit man vor allem daran das Projekt vor Ort zu präsentieren und die Community zu gewinnen (400 Jobanträge bereits eingegangen). Im 1./2. Quartal 2011 will man nochmal ca. 20-25 Millionen Cash einsammeln. Das politische und "grüne" Risiko wird als sehr gering eingeschätzt.
Nach Erlangung der Open Pit permit muss AST jedoch innerhalb von 180 Tagen 20 Mio. an Lundin Mining zahlen.
Der Kurs ist etwas zurückgekommen und ich habe den Einstieg mal gewagt.
Im Vergleich zur Peer Group laut Präsentation ist AST unterbewertet.
Edit.: Namensänderung AST in BDG
Edel
Habe eigentlich auch mit mehr gerechnet - gute finde ich aber die jetzt schon niedrigen Cashkosten von 249,- USD in der Anlaufphase.
http://news.goldseek.com/PeterSpina/1289367000.php
Gold Resource Corp. – Ultra Low Cost Producer, Soon to be the highest dividend
paying gold stock?
NYSE-AMEX: GORO | http://www.GoldResourceCorp.com
One of the most incredible gold and silver success stories in recent years. Gold
Resource Corp. is discovering what appears to be a very young and large
epithermal system in southern Mexico. With production slated to increase in the
coming year+ to 200,000 gold equivalent ounces with a $0 cash cost, the very
high-grade gold, silver and base metal deposit is rewarding investors with share
appreciation.
Since 2006, I have continued to make GORO my #1 gold stock pick. Why? I simply
haven not been able to find a better team, asset and gold/silver company
structured (and developing) the way this company is. More recently, the company
completed a $55 million placement to accelerate production, exploration and
expand the mill by 50%. Which could mean the company is now targeting another
ramp up to 300,000 gold equivalent ounces per year production with a $0 an ounce
production cost.
With fewer than 55 million shares, the company remains a terrific opportunity
going forward. A total of 4 consecutive monthly dividends have already been
announced (3 cents per month) and more are expected in the months ahead.
Assuming a continuation of 3 cents per share and using a 1% dividend yield, that
would mean GORO should be valued at $36 a share – the same initial price target
Gold Stock Analyst John Doody made in October when making Gold Resource Corp.
one of his Top 10.
What other gold producers are paying in dividends and yields:
· Low Cost Gold Producers:
o Goldcorp ($46): $0.36 | 0.80%
o Gold Resource ($23) $0.36+ | 1.65%*
o Agnico Eagle ($80): $0.18 | 0.20%
o Yamana Gold ($12): $0.08 | 0.70%
*assuming $0.03 a month continuation.
· Senior Gold Producers:
o Newmont ($62): $0.60 | 0.95%
o Barrick Gold ($50): $0.48 | 0.95%
o Goldfields ($17): $0.19 | 1.10%
o Randgold ($ 98) : $0.15 | 0.20%
o Harmony Gold ($12): $0.14 | 1.10%
o Kinross ($19): $0.10 | 0.50%
Average yield among all gold producers is 0.72%.
GORO would require a $50 share price to match this average yield (assuming
$0.36/share per year dividends).
AND it should get even better, as production and cash flow increases, management
will continue to target 1/3 of cash flow in form of dividends. Assuming 200,000
ounces per year at $0 cost, which could turn out to be over $1.50 a share in
dividends per year – or roughly 4 times the current monthly amount! Take annual
production up to 300,000 ounces/year with gold at $1,400 an ounce, this should
generate over $2.50 per share in yearly dividend payments.
Last week GORO announced they have intercepted the Baja vein, one of the two
initial veins to be mined. Ore stockpiling will occur in the "near term" and
ensures a seamless transition into a much more profitable phase of the mining
operations. As production increases from underground mining following completion
of the roughly 70,000 ounces of open gold pit mining in 2011, GORO should become
the largest gold dividend paying stock!
As I mentioned in July, I believe GORO is in the process of being revalued
higher -- and that report was made under now outdated assumptions. Now with the
accelerated development of the mine, this continued production growth and upside
from aggressive exploration provides GORO with the growth momentum to continue
to outperform the gold bull market. GORO will continue to be my #1 holding.
http://www.premiumpresse.de/ca…e-unaudited-PR956880.html
Der Canadian World Fund hat GORO zum Beispiel im Depot:
The top ten investments which comprised 40.3% of the investment portfolio at market as of September 30, 2010 were as follows:
Baidu, Inc. (China) 5.6%
Lojas Renner S.A. (Brazil) 5.4%
HDFC Bank Ltd. (India) 4.6%
Apple Inc. (United States) 4.5%
Mahindra Mahindra Limited (India) 3.9%
Valeant Pharmaceuticals International, Inc. (Canada) 3.8%
Gold Resource Corporation (United States) 3.5%
Petrofac Limited (United Kingdom) 3.2%
Blinkx plc (United Kingdom) 2.9%
Alliance Grain Traders, Inc. (Canada) 2.9%
Hat jemand schon was vom conference call gehört oder war gar selber mit am Telefon?
Hallo, Habe mir den Conf-Call angehört - hier die Zusammenfasung aus dem Yahoo Board:
- 29oz/tonne find was an anomaly in the open pit; glad we finally know.
- GRC wants to go more mainstream with proven and provable reserves
- Rejected HOC's advances to own 50% of the mine and thus the reason they didn't
participate in the PP
- Drill results not being released now but Bill hinted that there was some
seriously exciting stuff going on.
- Drilling Arista down to 1,000M whereas it's currently only drilled to 500M.
1,000M is similar depth to other similar systems in Mexico.
- No issues with the weather mayhem in Oaxaca at this point.
- Getting such good recovery with the flotation circuit that they aren't even
bothering to get the leach going(this is incredible)...said they're getting 94%
with flotation, would get 98% with leach and the costs just aren't justified
- Seemed to think they'll find more good results below the open pit at depth and
are going to have the open pit mining finished in a month or so.
- proven reserves study hopefully mid-2011
- Will review the dividend on a monthly basis and see if production cash flow
allows them to pay it; highlighted the importance of the dividend to GRC's
philosophy.
- Ziel ist es zudem insgesamt bis zu 5-6 Drill rigs auf die propertys zu holen (2 sind schon da und ein undergound rig ist auf dem Weg)
Insgesamt wurde sehr viel Zeit auf den Vergleich mit der aktuellen Goldcorp Übernahme verwendet. W. Reid sieht GORO zum Teil gleich gestellt und sogar besser. Ziel ist es jetzt schnellstmöglich 3 Millionen Goldäquivalent nachzuweisen...
Viele Grüße
multix
Hier wird vor GORO gewarnt:
http://www.profitsandwealth.co…ource-Corp&expansion=GORO
Hat jemand eine Ahnung was dahinter steckt?
Vor allen Dingen ist meine Hoffnung das schleunigst mehr gebohrt wird, um die Liegenschaften zu erkunden und die Ressourcen zu vergrößern! Angbelich sind ja erst 1% der Liegenschaften exploriert.
Ich suche im Moment auch verzweifelt nach einen neuen GORO! Ich kann aus zeitlichen Gründen nicht traden und suche etwas zum einsteigen und dann sukzessive aufstocken...
Ansonsten wird halt GORO weiter fleißig aufgestockt bei kleinen Dips..
Kurspotential ist in meinen Augen weiterhin da und Dividende wird schließlich auch gezahlt.
Hallo Edel Man,
Bist du hier noch investiert? Wird sich Matsa da nicht verzetteln -> Gold und Eisen? Ich habe die Befürchtung das durch die Chinesen der Fokus mehr auf das Eisen gelegt wird...
Und wie seht ihr das politische Riskio? Bolivien und Morales schrecken doch eher ab oder?
Nächste Dividendenankündigung! Wieder 0,03 Cent aber Kleinvieh macht ja auch Mist. Wollen die jetzt monatlich zahlen??
Solche Rücksetzer gab es schon häufiger, würde mir erstmal keine Sorgen machen.
Hier noch was zum Schmökern:
Hallo Edel Man,
Wo siehst du die Kursziele auf Sicht von 1-2 Jahren? Wird die Untergrundmine nach deiner Einschätzung alleine aus dem Cashflow bezahlt werden können ohne weiteres Placement? Reicht der Cashflow sogar für die weitere Exploration? Wäre toll wenn die Aktienanzahl weiter so niedrig bleibt.
Wie ist denn deine Einstellung zum Thema Hochschild?
Viele Grüße
multix
Die neuesten Bilder sind vom 02.Juni. Noch wird kräftig gebaut, aber es scheint voran zu gehen. Hoffen wir mal, dass wirklich 2009 noch das erste EM verkauft wird.....
Es heisst ja Mid-2009 und angeblich soll zum Zeitpunkt der nächsten Jahresversammlung im August wohl die Produktion laufen.
Nach meinem Kenntnisstand fehlen noch:
- Ball Mill (steht wohl noch in Phoenix)
- Abschluss der Konstruktion
- Mining Permit (kommt wohl mit Abschluss der Konstruktion)
Ich denke nach dem Fortschritt der Bilder zu urteilen, bis August durchaus machbar. Oder habe ich was übersehen?
Vielleicht erlaubt eine Verunsicherung der Anleger ja nochmal ein billiges Nachtanken...
Das heutige Filing kam ja auf den letzten Drücker und enthält imho keine Neuigkeiten.
Hiernochmal ein Report für alle, die wie ich erst neu hinzugekommen sind:
