@Eldo
Dank Dir! Hab GMX im Depot, die haben Einnahmen und sind gut aufgestellt. - Die vielen Projekte sind irgenwie unübersichtlich. Erfreulicherweise gibt es auf der Homepage nun ein Update über alle Projekte. Und dann ein Update zum Update, weil ein Projekt vergessen worden ist 
VG heron
Tschonko, Eldo
OTL ist krass unterbewertet. Die haben mindestens zwei Top-Projekte, brauchen aber noch Zeit, um das zu entwickeln. Da braucht man einfach nur etwas Geduld...
Bei ASM wird das nächste Jahr sehr interessant. In Frühjahr gibt's die Resourcenschätzung, außerdem wird fleißig am Produktionsstart gebastelt. Wobei es zunächst nur um die Tailings geht (Au,AG,Cu). Aber das bringt dann Einnahmen...
Bei BGL hat man vermutlich noch bis Frühjahr Zeit um eizusteigen. Aber dann sollte die Produktion ans Laufen kommen, und dann wird der Wert bekannter werden... 
VG heron
MTO hat 20 mio cash und geht nun in Produktion. Da braucht man kein frisches Geld. Und es ist auch keine weitere Finanzierung geplant. Weder jetzt noch später. Wirklich nicht. - So jedenfalls wurde es uns versprochen. War aber wohl nur ein Versprecher
Dec 05, 2007 14:15 ET
Metanor Accounces Terms of a Private Placement
VAL-D'OR, QUEBEC, CANADA--(Marketwire - Dec. 5, 2007) - Metanor Resources Inc. ("Metanor" or the "Company") (TSX VENTURE:MTO) is pleased to announce that it has entered into an agreement with Raymond James Limited pursuant to which Raymond James will act as lead agent (the "Agent") for the offering on a best efforts basis of 6,250,000 Flow Through Common Shares at a price of $0.80 per share for a gross amount of $5,000,000 (the "Offering") on a private placement basis. The closing of the Offering will be December 19, 2007, or such earlier or later date as the Agent may determine. The Agent will have the right, exercisable at any time prior to closing of the Offering to increase the size of the Offering by up to a further 1,250,000 Flow Through Shares ($1,000,000).
The net proceeds from the Offering will be used to fund an exploration program on the Barry gold project, to explore and develop the underground extension of the Bachelor gold deposit and to carry out exploration work on the Nelligan property.
The Flow Through Common Shares have not been registered under the United States Securities Act of 1933 (the "Act") and may not be offered or sold absent registration under the Act or an applicable exemption from the registration requirements thereof. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption therefrom.
61,978,974 outstanding shares
The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of the press release.
VG heron
SVL.V: Artikel von Zihlmann
Zitat: ... Market Capitalisation of only $ 0.56 per ounce of silver...
PRO.V: Mexican projects update
VG heron
Tschonko
Bei UC warte ich erst mal ab, da kann es noch so manche Überraschung geben.
@Eldo
SMR hat hier den Spitznamen Klein Orko
Zur Zeit haben sie vermutlich 25 mio oz, wie schnell sie zulegen können wird sich zeigen
zwyss
Über die Kursentwicklung einiger Werte kann man durchaus mal nachdenken. Denn manche sind volatiler als andere. Aber was heißt hier eigentlich Nieten? Und warum willst du amTiefpunkt verkaufen?
VG heron
Neue Präsentation von SNN.TO. Interessant auch die Vergleiche mit der Peer Group.
VG heron
@Eldo
Die EPM ist sehr interessant, auch schon gut gelaufen.
Ein weiterer Wert in Europa ist die GOZ.V - Gold in Schweden.
VG heron
Costs to mine are usually very optimistic estimates until reality sets in
Den Spruch hab ich gerade im Web aufgelesen. Spricht dafür, mehr auf Explorer zu setzen. Hier ein paar Meldungen:
PRO.V mit Neuentdeckung:
New Gold-Silver System Discovered at Las Minitas, Mexico
YLL.V: Diesmal nicht 'Big Green', sondern die Carol property:
Yale Reports Follow Up Sampling from Carol Project, Mexico
NMB.V findet Hochgradiges:
Normabec Intersects 5.55 Metres of 1,343 G/T Ag, 0.96 % Pb and 1.85 % Zn at the Real de Catorce Silver Mining Property, Mexico
VG heron
KNB.V / Kinbauri Gold Corp - beobachtet die jemand?
Es geht um Gold aus Spanien, Produktionsstart in etwa zwei Jahren. Hier die neueste Resourcenschätzung:
Measured and Indicated: 727,618 ounces gold (4,171,159 t at 5.4g Au/t) plus 84.8 million pounds copper (3,920,159 t at 1.0% Cu)
Inferred: 1,100,962 ounces gold (4,847,119 t at 7.1g Au/t) plus 51.9 pounds copper (4,208,119 t at 0.6% Cu)
Und das bei einer MCAP von rund 20 mio
VG heron
ACADIAN MINING’S SUBSIDIARY, ROYAL ROADS CORP., DRILLS 7.44 METRES OF 273.6 G/T SILVER, 17.7% ZINC, 7.8% LEAD, 1.0% COPPER, 0.96 G/T GOLD
http://www.kitco.com/pr/1709/article_11282007154640.pdf
VG heron
Minera Andes announces the San Jose mine increases silver and gold mineral reserves by 100 percent 
SPOKANE, WA, Nov. 26 /CNW/ - Minera Andes Inc. (TSX: MAI and US OTC: MNEAF) is pleased to announce results of a NI 43-101 Technical Report to be filed that includes new mineral resources identified from 2007 exploration drilling, underground development and conversion of 2006 mineral resources into mineral reserves at the San José project in Santa Cruz province, southern Argentina. In addition the report also quantifies areas of mineral potential based on drilling. The San José mining operation is expected to reach full production of 750 tonnes per day (t/d) by year-end and the process plant in commissioning is forecast by Minera Andes to reach full capacity in first half of 2008. The San José project is operated by Minera Santa Cruz S.A. ("MSC") (owned 51% by Hochschild Mining plc ("Hochschild") (HOC.L Reuters, HOC.LN Bloomberg, London Stock Exchange) and 49% by Minera Andes).
Some highlights of the new Technical Report by AMEC Americas Limited (AMEC) are as follows (all amounts are expressed in U.S. dollars, unless otherwise indicated):
- Proven and Probable Mineral Reserves: at June 30, 2007 are: 2.4 million tonnes grading 6.79 g/t gold and 430 g/t silver. The economic cutoff used to calculate the reserves is $94/t (using a price of $500 for gold and $9.00 for silver and taking into account metallurgical recoveries).
- Gold contained: 521,000 ounces of Proven and Probable Mineral Reserves
- Silver contained: 38 million ounces of Proven and Probable Mineral Reserves
- Production: 750 t/day at full production mining rate
- Forecast average operating costs of: $3.92 per ounce silver equivalent
- Mine life increased from 5.2 yrs to 9 yrs
- Forecast average gold production: 64,000 ounces per year at full production
- Forecast average silver production: 3.9 million ounces per year at full production
- Mineral potential was estimated for three targets to total: 1.6-3.4 million tonnes, with 6-10 g/t gold and 200-600 g/t silver
(...)
http://www.minandes.com/s/News…lver-And-Gold-Mineral-...
VG heron
Artikel von Richard Daughty: Never Enough Gold Jewelry
...Global mine supply is going to decrease at a much faster rate than people generally believe. Many of the new mines that people are anticipating will never come into production...
...Costs are rising at $60 an ounce annually. They will average $460 by next year. From tires to diesel fuel and the geologists' salaries, mine inflation is running at 15 percent. Inflation of 15 percent! Yow! At that rate, dividing 15% into 72 as per the "Rule of 72", this means that costs will double in about five years! That means that it will cost $920 an ounce to mine gold in five years, which means that gold is selling right now for $140 below the cost of mining gold in five years...
VG heron
ZitatOriginal von Eldorado
F...ing Taxman !...von Bolivia bis Mexico und sonst wo greift der nun noch mehr zu.
Luft zum atmen, das lassen sie dir noch...
Das Steuersystem von Mexiko entspricht zur Zeit nicht dem internationalen Standard. Die Folge ist dass der Staat viel zu wenig Einnahmen hat. Ich gehe davon aus, dass dies nun schrittweise korrigiert wird. Mit Minenfeinlichkeit hat dies aber nichts zu tun.
VG heron
Blackmont bullish on ECU Silver Mining
ECU Silver Mining Inc. could be on the verge of a “significant resource increase,” according to Blackmont Capital analyst Richard Gray. He is initiating coverage of the company with a “buy” rating and a price target of $3.10 a share, well above current levels. His net asset value estimate is $2.45 a share.
ECU is busy developing the Velardena Project in central Mexico. Early next month, the company will release its latest resource estimate, which Mr. Gray predicts will be in the range of 200 million ounces of silver equivalent.
“We estimate that any resource estimate higher than 150 million ounces of silver equivalent will be accretive to ECU’s (enterprise value per ounce) valuation relative to its peers,” Mr. Gray wrote in a note to clients.
His valuation of ECU assumes that a large mining operation will ultimately be built at Velardena. He figures it could be one of the larger silver mines in Mexico in the next five to seven years.
The price target of $3.10 is based on a 1.25 multiple to net asset value, which is also how he values Silver Standard Resources Inc., another large, non-producing silver company.
Despite being bullish, Mr. Gray also pointed out that an investment in ECU has “considerable” risks.
“The company will need to raise significant capital to build a mine at Velardena. Also, we believe the eventual shift from primary exploration and development to large-scale underground production will be a challenging task for management,” he wrote.
Peter Koven
http://network.nationalpost.co…on-ecu-silver-mining.aspx
VG heron
Mexican Silver Mines Acquires the Voladora Mine in the State of Nuevo Leon
CALGARY, ALBERTA--(Marketwire - Nov. 19, 2007) - Mexican Silver Mines Ltd. ("Mexican Silver") (TSX VENTURE:MSM)(FRANKFURT:MS2)(WKN:A0MSLE) is pleased to announce that it has completed a Letter of Intent ("LOI") to acquire a 100% interest in the Voladora Mine located in the municipality of Lampazos, Nuevo Leon, northeastern Mexico. The Voladora Mine, which covers an area of 272 hectares, is situated two kilometers to the northwest of Mexican Silver's La Iguana Mine.
The Voladora Mine is in one of the largest and most geologically complex mining districts on any of the Company's concessions. Numerous surface and subsurface intrusive bodies are present in the area and the mineralization has been found to be related to chemically favorable carbonate horizons in proximity to a central intrusive complex.
The Voladora Mine consists of a number of adits and several shafts extending to a depth of 30 meters. This mine was in production from 1758 to 1808 when the historical data indicate that a collapse in the mine was the cause of abandonment of this mining district.
Mineralization at Voladora consists of carbonate replacement deposits (CRD) and stockwork in the adjacent intrusive bodies. Additionally, intrusive sills and dikes are associated with garnet skarns hosted in the adjacent calcareous rocks. Mineralization occurs as sulfides including sphalerite and argentiferous galena, with a gangue of barite, quartz, calcite, pyrite and iron oxides. The initial exploration plan at Voladora is to implement a detailed mapping and sampling program of the surface and underground workings and to mount an aggressive diamond drilling phase at the mine upon completion of the drilling at the Iguana mine to the southwest.
The terms of the LOI to acquire a 100% interest in the Voladora Mine consists of an initial US$100,000 payment for a three year option on the property. Any time during this three year period, Mexican Silver Mines can exercise its option for the outright purchase of the Voladora Mine for a payment of US$900,000.
The background of Voladora reflects the richness and historical importance of the mine to the development of the region. When it was first identified, the mine was considered to be the most significant discovery in the San Antonio de la Iguana area which encompasses Mexican Silver's Ral concession. Initial prospecting in the area was started by Mulato Felipe de Jasso in March 1758 with the discovery of the Voladora Mine on May 17, 1758 when veins of high grade silver were discovered.
The various silver mines in the area were worked by a reported 1,500 locals, however, after the discovery of the Voladora Mine, the number of miners increased to 5,000. Historical documents suggest that large amounts of native silver were found in the near surface environment at the location of the portal to the main adit. According to some historians, up to 400 kilograms of silver were extracted from the mine in one single day during the early period of the mine. The extremely rich grades from the mine caused the King of Spain to send the Governor of the State of Nuevo Leon to live in San Antonio de La Iguana to oversee the taxation of the silver production. It is well known that Voladora was an important factor that contributed to the development of the postal service between Monterrey and Mexico City (from the Council of Mineral Resources, CRM, Flowers B.R., 1983. Geologic-mining study of the Vallecillo project, corresponding to the area of the Iguana, Municipality of Lampazos, N.L.).
Two hundred and fifty years or a quarter of a millennium later, Mexican Silver Mines will conduct the very first drilling at Voladora beginning in early 2008. Feisal Somji, CEO of Mexican Silver Mines, states, "The acquisition of the Voladora Mine demonstrates that management is keeping with the business model and objectives of the Company. The Voladora Mine has proven itself to be a producer and the fact that it was abandoned due to a collapse of the workings suggests that significant resources may still be untapped. Mexican Silver continues to acquire significant advanced properties from locals, that are in general unknown to the industry. These assets all have the potential to move into development at a rapid pace and that combined with Mexican Silver's working capital and aggressive management team again demonstrates the Company's objective to be a silver producer in the near term."
Mr. William Dynes, P. Geol., is the Qualified Person, as defined in NI 43-101, who has reviewed and verified the scientific and technical mining disclosure contained in this news release.
About Mexican Silver Mines
Mexican Silver Mines is a silver focused junior resource company developing three former silver producing properties in north-eastern Mexico. To learn more about Mexican Silver Mines, please visit: http://www.mexicansilvermines.com.
ON BEHALF OF THE BOARD OF MEXICAN SILVER MINES LTD.
Feisal Somji, B.Sc., MBA, President and Chief Executive Officer
ZitatOriginal von Jürgen
RCT ist ein TEN Bager. In 4-5 Jahren sind hier 1000 %
Kann schon sein, z.B. wenn sich der Gold/Silberpreis verzehnfacht
Zur Zeit werden 200 tpd produziert. Es gibt Pläne die Produktion bis auf 1000 tpd hochzufahren. Mehr wäre nur möglich, wenn die bestehende Infrastruktur massiv ausgebaut würde. Das ist aber, soweit ich weiß, nicht geplant.
VG heron
Gute Meldung von ADA.TO:
Acadian Mining Ships First 5,000 Tonnes of Zinc Concentrate from Scotia Mine
VG heron
Rochester Announces Mill Production And Silver Recovery Update For Its Mina Real Mill
Gute Meldung von RCT.V, da wird fleißig produziert - nächstes Jahr wohl mehr als eine Mio oz Ag-Eq. (Und das obwohl es nach wie vor keine Resourcenschätzung gibt :D)
VG heron
EDR.TO hat Quartalszahlen vorgelegt. Naja. Die Guanacevi-Mine hat nach schlechtem zweiten Quartal nun wieder mehr produziert, in etwa so viel wie im ersten Quartal. Außerdem produziert Bolanitos jetzt.
...Operating Highlights: Silver equivalent production: 667,584 oz...
...The cash cost per oz of silver produced in the 3rd Quarter 2007 was US$10.90 per oz compared to $5.09 per oz in the 3rd Quarter 2006...
...the Company holds $5.2 million of asset backed commercial paper (ABCP), which matured in September...
VG heron
Ergänzend zur News von SEG.TO: Zitat von http://www.mexicomike.ca:
I was able to chat with management again just now and can update a few more points to the discussion. As it stands now, the main Calvario Vein that SEG is mining has been proven by drilling to extend for over 1.5 kms and to a depth of 410m, and it remains open in all directions. There are quite a few significant zones of mineralization that have been encountered, which are not included in the resource because the drill hole density is not high enough to allow for an infered resource calculation. The resource is there and SEG will get around to proving it up, but it is a question of priorities.
The main priority for the company right now is to generate an indicated resource that will support a sustained mining operation. The second priority is gradually ramp up production capacity to generate greater cash flow from operations. The two objectives go together. Before they can rationally increase production, they need to show they have the resources to keep a mine running.
The Calvario Vein has been in production for a long time. It was a logical place to start operations, and to build around. So the new higher grade zones will significantly transform the nature of the operations, but they occur a long way from the current producing stopes in the mine. And rather than invest a great deal of development capital to get to those areas, SEG is working the high grade, narrow width veins that were the initial focus of operations. They have nearly mined out the oxide horizon, and are now converting the mill to handle the sulphides.
The mill conversion just requires putting in thickeners and filter presses to treat the concentrates produced in the floatation cells. Circuits have been set up to produce a zinc concentrate and a lead concentrate, and the last stage is to remove the most of the water so that they can deliver the cons to a smelter. It will be a fairly easy process to get that equipment running and tune the mill to handle the sulphide feed.
The company is also working on a pre-feasibility study (PFS) in order to document that they have the resources and the proper operating parameters in place to make money on a larger operation. Pending the positive results from that work, they plan to expand the mill and recovery plant to handle about 600 tpd. At that point, the company will be awash in cash flow and can fund a more aggressive development schedule to open the new areas of the mine and expand the drilling effort to build greater mineral inventory with the higher grade ore.
It should also be noted that the surface stockpile material is development ore that has been extracted as the company continues with their expansion of the underground infrastructure and workings. It is lower grade material than what will eventually come from production in these zones, because the focus is on removing a continuous corridor of rock to allow for underground working area, and therefore some of that material that is extracted will be from non-mineralized zones. Nonetheless, that stockpile has average grades of about 500 g/t silver equivalence, which is very high, and extremely profitable to run. The company has already accounted for losses through processing, and transportation. So what is left will go right to the operating numbers for the project when they mill it.
The company has 2 drills right now and has purchased a third brand new drill. Once they have more development completed underground they will start drilling to depth from underground drilling stations since that is far more efficient. At that point the greater drilling density can be achieved and higher resource numbers will be generated.
Overall, there is so much to be excited about with this company and the work they have accomplished. This will be a sustainable operation producing at a higher rate, with high grade ore. It is an emerging discovery story as well. And the money is in the bank from the last financing to pay for all of this work. Investors can buy shares now for almost a 50% discount to what the institutional money paid to buy in earlier this year, and with all the work that has been done since then, the overall risk profile is much lower. It is rare to get a chance to buy a greater value story for such a discount and that is why I have recently added a few more shares to my own holdings.
cheers!
mike
--
VG heron
