Beiträge von heron

  • Gold und Silber... Informationen und Vermutungen I

    Artikel von Dudley Baker


    (...)
    Investors' views and opinions of the world financial markets, gold, uranium, etc. are dictated by the specific currency in which we make our investment decisions. As the U.S. dollar rises or declines, the Euro rises or declines as well as all other currencies of the world, investors are faced with making investment decisions as viewed from their particular currency. It is possible the lack of European investors in the mining shares is a sign that we are still in the early stages of this bull market. Perhaps; but it is entirely possible that this bull market will take place basically on this side of the pond. Either way it will still be a great party but the more investors the better before the clock strikes midnight.


    VG heron

  • Gold und Silber... Informationen und Vermutungen I

    Artikel von Ben Abelson über die Gold/XAU ratio und Empfehlungen von IMG.TO, K.TO, GSC.TO


    Zitat: Some of our favourite mining stocks are currently cheaper than they’ve been in a long time. In fact, the recent carnage make this one of the most attractive times to invest in gold stocks for long-term investors. :]


    VG heron

  • Mines Management Inc./ MGN (AMEX)

    Mines Management Announces 2006 Results


    ...We anticipate spending approximately $1.0 million each quarter in 2007 for ongoing operating expenses and an additional $5.0 million per quarter for the evaluation drilling program starting with the second quarter of 2007 for estimated total 2007 expenditures of approximately $19.0 million. The Company will require external financing in 2007 to fund the evaluation drilling program :rolleyes:


    VG heron

  • Explorer im Sprung?!

    Mexico Mike


    San Anton Resources controls what could be a monster discovery…


    Just a handful of undeveloped deposits worldwide have defined gold equivalent resources in excess of 10 million ounces, and many of those are located in regions where infrastructure is limited, and capital expenses for development high.
    Mexico remains one of the few jurisdictions where a junior mining company can still hope to uncover a large deposit and advance it to production within a favourable economic environment. During the last 3 years, Ocampo (Gammon Lake Resources), Mulatos (Alamos Gold), and El Sauzal (Goldcorp) have all begun producing, and an even larger deposit at Penasquito (Goldcorp) is under development. One more such monster deposit – Cerro del Gallo - may soon be joining this group.


    Newly listed junior San Anton Resource Corp is aggressively advancing exploration at its San Anton property in the State of Guanajuato in Central Mexico. Rich discoveries are nothing new in the district, where estimated historical production is more than 6 million ounces of gold and 1.1 billion ounces of silver. So there are reasons to be encouraged that the project will advance to be just the latest in a long history of productive mining ventures in the area. The company owns 51 percent of the San Anton project, in a joint venture partnership with Goldcorp Inc.


    Goldcorp currently operates several large projects in Mexico, so one can surmise that they know a thing or two about finding and developing mines. Interestingly, although Goldcorp owns a minority 49 percent interest in the San Anton property, they retain the right to operate a mine, if and when a production decision is made. In the meantime, San Anton is the operator of the project.


    What makes the San Anton property special is the presence at Cerro del Gallo of a very large precious metals rich deposit, and the existence elsewhere on the property of more than 20 untested exploration targets, ranging from high grade epithermal vein-breccia systems, to large tonnage intrusion-related porphyries and skarns. Gold and silver are the primary metals of interest, but significant copper values are also present within the mineralization and are expected to contribute to the overall economic value.
    At Cerro del Gallo, from a standing start in early 2005, a total NI 43-101 compliant resource of more than 11 million gold equivalent ounces was defined in less than twelve months drilling to December 16, 2005. However, aggressive exploration work continued and over 63,000m of infill and expansion drilling has now been completed. Many of the company’s best grades and intersections have come in the past year. Consequently, the implications for the new resource update calculation, presently underway, have to be positive.


    In addition to the potential at Cerro del Gallo, preliminary exploration of several of the other high priority targets has already begun, and all will be subject to exploration work in the future. It is conceivable therefore, that the San Anton property could develop into a multi-centre, bulk tonnage gold-silver-copper play, with associated high-grade epithermal vein-breccia potential.


    Yet despite the strong potential for the development of a world-class mining operation, the company seems to be flying below the radar of most investors. This is not surprising given the more or less twelve month exploration news blackout that accompanied the reverse take-over process that led to the creation of San Anton Resource Corporation, after Kings Minerals NL opted to roll their share of the property into a North American listing as a way of surfacing the value of the Cerro del Gallo asset.


    Trading commenced on the TSX in December 2006, and the initial public offering successfully raised gross proceeds of more than $17 million. The company is now well financed, exploration work is ongoing, and the news has started to flow. Environmental baseline studies, and comprehensive metallurgical testing have already been completed. The process to update the resource estimate to include the results of more than 100 additional drill holes is underway, and a pre-feasibility study will commence thereafter.


    All of this activity is starting to attract attention, and the mining analysts are starting to perk up – and starting to visit the property. Continued exploration success means that this company could become a very popular story indeed.
    The economic considerations for Cerro del Gallo are excellent. The property is well served by local infrastructure in a region that is supportive of mining activity. Large tonnage, near surface deposits of lower grade gold-silver commonly lend themselves to low cost open pit mining techniques, while the higher grade vein hosted deposits typical of the historic workings on the San Anton property could to be developed as smaller underground mining operations. This is the approach that Gammon Lake successfully employed to develop the Ocampo Deposit, which is now one of the most profitable mines in Mexico.


    While there are many hurdles that must be surmounted on the way to achieving production, I believe that San Anton stands a high likelihood of joining the ranks of large, modern operating mines in Mexico. The enormous tonnage of potentially economic mineralization that sits on surface at Cerro del Gallo could conceivably support an operation processing in the range of tens of thousands of tonnes per day, representing over 200,000 ounces of gold equivalent annual production.


    The capital structure of the company is larger than I would like to see, with more than 130 million shares fully diluted, but considering the total resources at the current stage, and the strong potential for a much larger mineral inventory to be proven up as work continues, I still believe the company is cheap.


    It’s also worth pointing out that of the roughly 104 million shares in the company outstanding, fully 75 million are held by Kings Minerals NL, a publicly trading entity controlled by the same people (Norm Seckold, Dudley Leitch, etc.) behind Palmarejo Silver & Gold. These people are considered miners in for the long haul, and don’t sell stock. Insiders and institutional investors control about another 23 million shares. This leaves only 6 million shares or so in the free trading public float. So, despite the large number of shares outstanding, they are tightly held.


    In this day and age, where so few large new deposits are left to maintain the production levels for the senior producers, this project is going to have a very high priority for development. A strong partner, plenty of cash in the treasury, ongoing aggressive exploration work, and a steady stream of news flow in the months ahead, should all serve to ensure that the risk profile for San Anton is much lower than for other late stage exploration companies. The Mexico Mike Portfolio was created to seize opportunities offering high upside potential with lower risk, and San Anton is very attractive now while it still remains largely unknown in the market. I buy a double allotment of $20,000 for the portfolio.


    cheers!
    mike

  • SILBER : Märkte und Informationen

    Optimistischer Artikel von Peter Degraaf mit diversen Charts


    ..When we compare gold and silver to Uranium (up from 5.00 to 90.00); Oil (up from 10.00 to 61.00); Nickel (up from 2.00 to 20.00); Molybdenum (up from 3.00 to 27.00), and considering that gold, when its price is adjusted for inflation, needs to rise to $2,200.00 just to match its previous 1980 high of $850.00, this bull market has 'barely begun!' =)


    VG heron

  • SILBER : Märkte und Informationen

    Sehr interessanter Artikel von Watson! Aber mal ehrlich, er ist ja schon ein Schelm! :D


    Zitat: Does the RSI for silver velocity tell us anything about major tops or bottoms in silver? I don't think it does, as there are too many false signals.


    Also muss er die Daten abändern, bis es passt. Und so lautet der nächste Satz: However, if we apply another well known mathematical formula to the data on this graph, we come up with the second graph shown below...


    Was er da genau macht, sagt er nicht. Und so ganz passt es auch nicht: Notice that our velocity indicator did not flag... Da braucht's wohl noch ein paar weitere well known mathematical formulas :D


    VG heron

  • Wheaton Precious Metals / WPM (TSX, NYSE)

    Gnarf, Edel


    Natürlich ist SLW ein Basisinvestment.


    Die Frage ist, ob es einen Hebel auf den Silberpreis gibt. Die Produktion soll steigen, aber nur langsam. Deshalb kann der Hebel nicht allzu groß sein.


    Etwas verwirrend sind all die Beteiligungen von SLW. Wie die sich auf den Kurs auswirken, bleibt unklar. Ein Vergleich mit 'echten' Beteiligungsgesellschaften wie LV.V oder GMX.TO hilft da auch nicht weiter, denn die sind in den letzten Wochen richtig Achterbahn gefahren.


    Im Sommer will die TSX einen Minen-Index auflegen. Sicherlich wird SLW dabei sein und dann in ruhigeres Fahrwasser kommen. 8)


    VG heron