hat jemand eine Meinung zu Sargold? Haben am 28.03. den ersten Barren produziert auf Sardinien, wo sie auch ihre drei Hauptprojekte haben. Schlauerweise haben sie auch direkt ein Mini_PP zu 0,20 dahinter geschoben, was den Kurs (noch) etwas dämpft. Finde den Wert hochinteressant und völlig unterbewertet. Aktuelle Produktion 500Oz/month, d.h. 6000 p.a.; Ziel sind knapp 20000 p.a., dann sollte sie bei einem KGV von 10 allerdings deutlich über 1CAD stehen. Aktuell 0,26. Management ist fast identisch mit Augusta Resources, also viel hochkarätiges an Bord.
Meinungen?
http://www.sargold.com/
Sargold Resource pours first gold bar at Furtei
2007-03-28 14:58 ET - News Release
Mr. George Paspalas reports
SARGOLD POURS FIRST GOLD AT FURTEI DEVELOPING LONGER TERM PRODUCTION PLAN
Sargold Resource Corp. has poured its first gold bar after successfully refurbishing the Furtei processing plant in the fourth quarter of 2006. This first pour launched a near-term production plan that is based on processing the upgraded ore from the residual heap leach pad at the site. The head grade of this residual ore is being upgraded by screening off the oversize material from the 450,000 tonnes of ore remaining on the heap leach pad. The screened oversize ore is then processed through the carbon-in-leach (CIL) circuit after primary crushing and fine grinding. This production is expected to yield approximately 500 ounces of gold per month for a period of several months.
President and chief operating officer George Paspalas says: "While the production from this low-grade material is modest, it marks the successful restart of the Furtei plant, where operational expertise is being rehoned and the Future rehabilitation liability of the heap leach pad is being significantly reduced. Most importantly, the company is beginning to generate operating cash flow for the first time since its entry into Sardinia, which will form a basis for growth in 2007."
The company was pleased to be able to refurbish the Furtei plant for a marginal cost. After being decommissioned in 2002, the refurbished plant was recommissioned in late December, 2006, and was fully water tested prior to the end of the year. The local work force completed the following refurbishments at the plant before successfully obtaining a new cyanide usage permit in January, 2007:
removing the old stockpile of low-grade enargite sulphide ore;
replacing/repairing mechanical and electrical components to get mill and leach tanks operational;
clearing solid slurry from the pipelines of the compressed air system;
confirming reliable operation of the process computer and logic control systems;
realizing significant value from recovering activated carbon from around the CIL floor, sumps and spent ore left settled in the tanks enough to carry through to 2008; and
fully testing the tailing disposal system and water distribution systems.
After preparing the treatment plant for production, a trial was conducted early in the first quarter of 2007 to determine whether the head grade could be upgraded by screening. The trial was conducted over an eight-day period, with the resultant screened oversize ore grade indicating a minimum 44 per cent upgrading to 0.75 to 0.80 gram per tonne (g/t). The trial was also successful in determining key unit operating costs, such as lime, cyanide and power consumptions. The assessment concluded it was economic to process screened oversize material from the heap leach pad at Furtei.
The company intends to conduct a trial for leaching sulphide ore from the Sa Perrima open pit as the next step in the restart of the Furtei facility. If successful, this ore could be used to increase and sustain midterm production following the completion of the upgraded ore from the residual heap leach pad.
Longer term production plan
Sargold has been conducting a broad suite of metallurgical testwork to determine the best approach to processing the sulphide refractory ore contained at Furtei. The objective of the testwork is to define a business plan that will realize profitable and sustainable processing of both pyrite-hosted gold and enargite-hosted copper and gold, both of which comprise the majority of the existing resources at Furtei. Historical processing of these ores has proven problematic and stalled exploration work on the property, particularly at depth.
Some significant breakthroughs have been achieved in this testwork program and the company is now working up an assessment to determine the optimal long-term processing strategy for Furtei. Removing the refractory constraint will open up the Furtei area to a new generation of exploration and development. It is expected that these testwork programs will be completed in the second quarter 2007. Please note that feasibility study has not been completed and there is no certainty that the company\'s proposed operations will be economically viable.
Mr. Paspalas added: "Our investigative metallurgical testwork is starting to pay some dividends now, however we still need to finalize some of the testing and confirm capital and operating costs for the long-term plan. In the interim, the successful heap leach reprocessing trial has given us the opportunity to establish ourselves as operators and gold producers, and will provide some essential cash flow for the near term."
