Beiträge von Ulfur

  • Straits Resources

    Harpo, danke für die Zahlen. Die Kupferproduktionszahlen kommen mir sehr hoch vor, soll das nur Tritton sein? Die angekündigte Produktionserweiterung auf mittelfristig 45kt Ku ist tatsächlich eine sehr positive Nachricht.


    Was allerdings in dem Streit mit Sempra erreicht worden ist, bleibt mir schleierhaft. Vorher lagen die gehedgten Mengen so zwischen 20-25kt, jetzt ist die Menge bei 25kt gedeckelt. ?(


    Genau genommen ist der Text der News Release ist eigentlich ein bißchen anders, er spricht von "existing contract rates" des alten Offtake-Agreements und das diese "contract rates" nun bei 22,5-25kt gekappt würden für die Dauer des Agreements. Aber kein Hinweis auf die exakten alten contract rates und für welche Mengen sie gelten würden.
    Vermutlich soll die News Release nur bemänteln, daß sie im Streit mit Sempra auf die Nase geflogen sind.

  • Straits Resources

    Straits hat sich mit Sempra geeinigt, Bedingungen des Offtakeagreements werden bei 22500 bis 25000 t Cu gedeckelt, Verkäufe darüber zu Marktpreisen.


    Bei ner Produktion von 6,5kt im Juniquartal und 5,2kt im Septemberquartal erschließen sich mir die genialen neuen Bedingungen allerdings nicht sofort.


    Habe aber auch nicht tiefer in den Agreements und den geplanten Produktionsmengen gewühlt. Vielleicht weißt jemand mehr.

  • PANORAMIC RESOURCES (ehemals Sally Malay Mining) WKN AOQ29H

    Sally Malay zündet eine Kursstufe nach der anderen
    ...
    Bleiben die Preise nur halbwegs da, wo sie momentan sind, könnte das australische Unternehmen im Geschäftsjahr 2007/2008 vielleicht einen australischen Dollar je Aktie verdienen. Das wäre dann gleichbedeutend mit einem Kurs-Gewinn-Verhältnis (KGV) von knapp drei. Zusammen mit einer dann vermutlich winkenden Dividende und einer möglichen Aufnahme in den ASX-200-Index wäre alles andere als weiter steigende Notierungen eine sehr große Überraschung. Inzwischen werden übrigens langsam auch größere Broker auf Sally Malay aufmerksam. Eben erst hat RBC Dominion die Abdeckung des Titels mit dem Urteil „Outperformer“ aufgenommen
    ...
    http://www.faz.net/s/RubEA492B…Tpl~Ecommon~Scontent.html

  • Crew Gold Corp. WKN A0B L46 ISIN CA2265341057 CRU

    CAR: CRU (13,55) – LEFA exploration update


    Crew Gold Corporation (Crew) could Friday announce an exploration update from their LEFA project in Guinea.


    The update was positive with several drilling intercepts significantly higher, up to 100 g/t, than the current average grade in the reserve statement of 1,6 g/t.


    It is also of significant importance that priority of the exploration program has been given to targets within trucking distance of the existing plant, meaning that the additional ore encountered can be included in the current operations and mine plan. As such, management is confident that the higher grade ores will contribute to increase the production from the current year’s target of 320,000oz at LEFA to 340,000oz in 2008, when the higher grade ores will be fed to the plant.


    In addition, the drillings also seems to confirm that the mineralization at LEFA continues to the depth and Crew is currently assessing the possibility of an underground operation to extract these ores. The underground mine is expected to contribute with an output of an additional 60,000 to 80,000oz and would thus increase the total production at LEFA to 400,000 to 420,000oz in 2009.


    Overall, we view the update as encouraging, particularly that the new drillings confirms higher grades which should ensure a higher production when these are being fed to the plant and the scope for an underground operation which would further increase the production from 2009. The new drillings and there promising results are also an important step in Crew’s target to double LEFA’s reserves and resources from the current 2,51m oz in reserves and total resources of 4,7m oz.


    We keep our buy recommendation with a target of NOK 18.


    Quelle CAR Morgenrapport 22.01.07

  • SA Minenhaus: Metorex

    Metorex's Ruashi stretches full output delay


    Metorex has called in consultants to find the reasons it's Ruashi copper and cobalt plant in the DRC is not firing on all cylinders. The company is now aiming for full production in March or April, well off earlier targets of September and December.
    http://www.miningmx.com/mining_fin/595852.htm


    Hat MTX für das umstrittene Kipushi Zinkprojekt geboten und wichtiger, kriegt sie den Zuschlag?

  • Für Elk-Spotter: Northland Resources - NAU

    Und ob der Elch tanzt !


    11,80 NOK derzeit! =)


    Aber das Bild läßt doch an den zoologischen Kenntnissen zweifeln.


    Qualmt BTV noch? :(


    IAU ist schon so lange auf meiner Watchliste, daß ich vergessen habe, warum sie dort aufgenommen wurde. Sollte ich vielleicht mal wieder ankucken.



    Pareto über NAUR
    Hannukainen
    "Since the resource not yet is classified under the NI 43-101 requirements, we have chosen not to include this project in our estimates. We nevertheless feel obliged to discuss its potential.


    Assuming product prices as for Stora Sahavarra, 5% higher opex assumptions, and allocating credits for copper and gold (at very moderate price expectations), we arrive at a massive USD 570m NPV – NOK 43 per share. Adjusting for the higher risks, we applied a 12% discount rate vs. 10% for the Stora Sahavaara project."

  • Crew Gold Corp. WKN A0B L46 ISIN CA2265341057 CRU

    Exploration-Drilling Continues to Extend Lefa Orebodies


    Crew is pleased to announce that the resource drilling from October to December 2006 at the LEFA Corridor Project has continued to provide further encouraging results. Resource drilling has continued to extend Fayalala, Lero Karta, Camp de Base and Folokadi orebodies, with many intercepts returning results higher than the current resource grades.


    Drilling also took place outside the immediate LEFA Corridor at Banora and Siguirini with very encouraging results being returned that will certainly add to the current resource inventory at LEFA. ...
    ...
    A scoping study has commenced to assess a potential underground operation to extract these resources. Conceptually, this would deliver an additional 60,000 to 80,000 ounces to total annual site production. =)

  • Für Elk-Spotter: Northland Resources - NAU

    Iron Ore prices rising further. Big wake up call - look to NAUR!


    When NAUR comes to full production, the price hike would increase Northland's revenues by almost as much as its market capitalisation. Current valuation gives huge upside, Strong Buy.


    December 22, whilst every stock broker in town were out of office desperately hunting Christmas gifts, Baosteel agreed on 9.5% price hikes for iron ore in 2007. Baosteel completed the price negotiations on behalf of all China's steel mills with CVRD, BHP and Rio Tinto. Mid 2006 the Chinese steelmakers agreed to a 19% iron ore benchmark price for the 2006 fiscal year. 2005 prices were up a massive 79%.


    This swift price settlement for 2007, which effectively fixed the global price level, underlines the solid demand/supply situation for Iron ore - the world simply cannot get enough.


    If pellets increase by same percentage, the 2007 pellet price for LKAB would be 92 USD/ton, increasing by 8 USD/ton. This would also be the case for Naur, which we expect to be the only other significant European iron ore producer in 3 years time. We believe there is a high probability that both Naur’s iron ore deposits - Stora Sahavaara and Hannukainen - are fully developed over the next 3 years. Those deposits would then produce some 10m tonnes of iron ore annually. These will be open pit and cost-effective, producing high grade ore.


    Assuming the price increase for full production: would add some 80mUSD in revenues to Naur, resulting in a revenue base from iron ore of USD 920m. Another 2-250mUSD in revenues could be added from copper and gold credits. LKAB (pure iron ore) has delivered EBIT margins of 43% in the first 9 months of 2006. Naur’s EBIT margin could be formidable. The current market capitalization of Naur is USD 100m (!!!).


    We re-iterate our Strong Buy on Naur. Our price target is NOK 20, but the longer term value potential exceeds 10x. This is a wakeup call, the implicit probability is way too low!
    The recommendation was not presented to the issuer before dissemination.

  • Für Elk-Spotter: Northland Resources - NAU

    Die Empfehlung eines CRU-Häuptlings hatte mich auf die kanadische NAU aufmerksam gemacht. Seiner Meinung würde es durch das damals beginnende Oslo-Listing (Kürzel:NAUR) wie bei CRU dazu kommen, das die Norweger einen Großteil des Aktienhandels an sich reißen. Das schien mir bei der dortigen Resourcenbegeisterung durchaus plausibel und wenn ich jetzt mal auf die Umsätze in Oslo und Toronto gucke, scheint die Elchwerdung bereits in voller Fahrt zu sein.


    Anfang Januar gab von Pareto eine überoptimistische Analyse; ein neuer Faden, meine ich, könnte vielleicht angebracht sein, ev. wird was draus - wenn Elchs erst einmal loslegen, wird’s heftig. .


    Kurzvorstellung: Nö, jetzt keine Lust!


    [Blockierte Grafik: http://www.character-costumes.com/moose%20character%20costume.jpg]

  • DRDGold Ltd. / DRD (NYSE, JNB) und die Derivate

    Analysts were unanimous [gleicher Meinung] on DRDGOLD, which closed down its Vatukoula gold mine in Fiji and experienced a temporary mill closure at it Tolukuma mine, was in for another unpleasant quarter. :(


    DRDGOLD posted a 14% increase in gold output in the September quarter, but costs spiralled 26% higher to R121,000/kg.


    “This quarter will be another disaster, I think,” Roelofse said. “Going forward, there’s just a question mark. Are we going to see a restructured company or will they be bought out, but we’re not seeing that in their share price.”


    “The value in DRDGOLD is probably in someone buying it and doing asset stripping. There are parts of the company you can make money out of,” he said. These are the South African assets and its 20% stake in Barrick-operated Porgera in Papua New Guinea.
    http://www.miningmx.com/gold_silver/579387.htm