Beiträge von heron

An Undervalued Gold Producer Working Across the Border
Artikel von Luke Burgess
Teil 1
Teil 2

RCT hat allerdings nach wie vor Probleme
Rochester Provides Corporate Update

VG heron

Charts zu POG im Sommerloch
Gold Nearing Traditional Summer Lows Prior to Rallying Strongly into Autumn

VG heron

Der Deal von Kinross ist in der Tat nicht uninteressant, macht Hoffnung auf die Zukunft im Sektor...
Kinross Strikes Deal To Takeover Aurelian Resources
(...)
But analyst John Ing, president of Maison Placements in Toronto, said there is still some question as to whether the government of Ecuador will permit the mine.
"There have been pronouncements from the country that threaten the viability of the project," said Ing. "Kinross, however, feels otherwise and has made a grand paper bid for the shares."
"So while obviously Kinross feels that they got a good price, they did pay a pretty healthy premium for those shares. I think that given the risk, given the premium, it's a steep price for this project."(...)

Gute Meldungen von AMC.TO in den letzten Tagen:
Alexis Pours Over 5,000 Ounces of Gold to Become the World's Newest Gold Producer
Alexis Receives $8.9M Tax Rebate and Retires Loan Facility

VG heron

Lucky
Natürlich werden jetzt Synergien realisiert... Minco schickt vermutlich ein Rudel Chinesen, die dann den Amis in Valley zeigen wie es wirklich läuft...

Ich hab das noch nicht so richtig verstanden, Fuwan und Sunshine trennen Welten, beide Projekte passen doch gar nicht zusammen. Würde nur Sinn machen wenn Minco keine Zukunft in China hätte...

VG heron

Kaum zu glauben, Merger mit MSV ist geplant
Minco Silver and Sterling Mining Announce Proposed Business Combination

Minco Silver Corporation ("Minco Silver") (TSX: MSV) and Sterling Mining Company (“Sterling”) (TSX: SMQ/OTCBB: SMRL/FF: SMX) are pleased to announce that they have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling (the “Transaction”). The transaction will result in Minco Silver controlling two world class silver deposits including the Fuwan Silver property in China and the Sunshine Mine in Idaho, USA.
Transaction
Under the terms of the Transaction, Minco Silver has offered 0.51 of a share for each one Sterling share which equates to an offer of US$1.58 per Sterling share based on Minco Silver’s July 21, 2008 closing price. The offer values Sterling at US$62.3 million.
Upon completion of the Transaction, the combined company will have approximately 52 million common shares issued and outstanding, plus options and warrants. Minco Silver shareholders will own 61% and former Sterling shareholders will own 39% of the combined company.
(...)

VG heron

@Edel
Goro ist ein feiner Wert. Natürlich muss sich zeigen ob die ehrgeizigen Produktionsziele erreicht werden können, und wie hoch die Kosten wirklich sind. Aber das könnt schon was werden... Problematisch find ich allerdings den Börsenplatz.

VG heron

Tom Szabo auf silveraxis.com:
(...)There are too many examples to list, but those suffering major hits from the lead/zinc fallout include 'primary silver' companies such as Silvercorp, Hecla, U.S. Silver, Impact, Bear Creek, Excellon, Fortuna, Great Panther, Sabina, Silver Eagle, etc. I should note that I haven't changed my own investment approach toward some of these companies--Hecla, Impact and U.S. Silver in particular--as a result of bringing the base metal risk back into focus, but I am in the process of lowering my expectations. On top of lower lead-zinc prices, each of these company is also dealing with its own form of bad timing. Hecla needs to come up with financing to pay for the Greens Creek Mine (it's got a lot of zinc...) and this is pressuring the share price; U.S. Silver just announced the departure of its President Mark Hartmann which the market took as bad news; Impact is getting no respect for its business model that is dedicated to profits first and the company has even lost its newsletter following. Out of the three, U.S. Silver seems to be getting the biggest bum rap so I actually purchased another 5,000 shares at 34 cents today. The current valuation of the company at around $70 million makes little sense if in fact it can soon produce at a rate of 3.5 million ounces of silver per year. That would be $20 per ounce of annual silver production and is anywhere from 3 to 8 times too low.

The above names are just some of the better companies with real prospects and strong opportunities. One standout exception is Pan American Silver, which actually gets a sizeable by-product credit from zinc and has yet to see its price get whacked. It does have less exposure (zinc grade is typically 2-3%) than many of the others , so that is likely a reason. But generally it gets much uglier from there with the primarily-zinc companies like Apex Silver, Metalline Mining, Canadian Zinc, Strategic Resource Acquisition Co. (a zinc deposit with no silver), etc. getting skewered whether they deserve it or not.

On the other hand, many of the silver companies with little base metal exposure are doing fine by comparison. One of my favorites for a while now--partly because of its nearly pure silver--is First Majestic, which has simply refused to sell off amid the ongoing carnage. Others largely holding their own include Endeavour Silver, Genco, Esperanza Silver, Gammon Gold, Kimber, Minefinders, Orko Silver, Silvercrest, Silverstone, etc. This list is no better or worse than the one above, the only difference is that they are mostly silver-gold plays with low(er) to no base metal (lead-zinc) exposure.

What about Silver Wheaton? It is a pure silver play, so it should ideally be outperforming the rest. Well, it doesn't seem to be doing much of that lately. It is possible the price has discounted the risk that some of the mines that have contracted to sell their silver streams to SLW might actually not survive if lead-zinc prices continue to fall. With only $3.90/oz. to show for the silver by-product, the marginal cost of running these mines is higher than other mines that have not sold forward their silver. I haven't examined all the mines that have contracts with Silver Wheaton, but it does appear several might be in trouble if lead-zinc prices fall substantially further without a corresponding easing in mining costs (energy, labor).

Already there is talk in the industry that some projects look shaky at zinc prices just below current levels, and it is altogether possible that several mine startups or expansions that have used higher price assumptions in their feasibility studies will possibly be shelved. Of course that is good news for future lead-zinc prices as supply gets held back, but perhaps it is even better news for silver given that curtailment of proposed lead-zinc projects would mean that less silver production will be coming online compared to recent estimates. If so, this is actually quite a bullish scenario for silver investors, especially those who are still around because they heeded my warning (even though I myself did not) to stay away from base metal exposure when investing in PM companies.(...)

The Death of Gallium

Ein Artikel von Robert Silverberg

VG heron

Meldungen zu ECU.TO:
wie erwartet, nach trading halt
ECU Silver Confirms Massive Sulphide at Depth

Einzelheiten zur Finanzierung
ECU Silver to Issue Convertible Debentures

Meldungen zu Arian Silver:
Arian Silver Provides Near-Term Production Potential on the San Jose Project

Zitat: Arian's Chief Executive Officer, Jim Williams, stated, "We believe that the near-surface resource blocks that we have identified within the old workings of the San Jose mine contain sufficient sulphide-rich silver-lead-zinc mineralisation to support an economical contract mining and milling operation. We also believe that any mining of these blocks would be relatively straightforward and there are a number of contract milling options for production of silver-lead-zinc concentrates. We are advancing in-house studies to define the economics of this production scenario. If successful, we aim to achieve near-term cash flow to assist in the evaluation of the much bigger potential of the remainder of the San Jose Property, as outlined in our recent press releases."

Exploration Update
Arian Silver Corporation: Exploration Update-San Jose Project; More High Grades of Ag-Pb-Zn Across Mineable Widths in 'Solidad' Area

VG heron

EDR scheint die Probleme nach und nach in den Griff zu bekommen:
Endeavour Silver Production on Target in Second Quarter, 2008; Produces 515,634 oz Silver, up 2% Over Q1, 2008; Silver Production to Climb Substantially in Q3 and Q4, 2008

Zitat: Bradford Cooke, Chairman and CEO, stated, "It is gratifying to see our initiatives to reduce cash costs at both mine operations, and the hard work of our dedicated employees on the many capital projects, starting to pay off with positive results. Guanajuato is now taking a giant leap forward, as planned, in its mine output and silver production, and Guanacevi is also starting to step up its operating performance. The next two quarters should be quite rewarding for shareholders."

VG heron

Re: Was tun?

Nun ja, es ist Sommer, da kann man eine Menge tun Vielleicht ein Buch lesen, zB Precious Metals Investing for Dummies von Paul Mladjenovic. - Oder man schaut sich die Charts der Silberlinge an, viele notieren auf dem Niveau von vor zweieinhalb Jahren. Damals war Silber viel billiger, aber auch Öl, Stahl, und Zement...Nun braucht man halt Geduld... Ein typisches Beispiel ist IPT.V, wo der Kurs zunächst auf Grund eines Börsenbriefs auf Talfahrt geschickt wurde, und plötzlich abstürzte, nun sind's schon 60% in nur drei Monaten. Da treiben halt ein paar Leute ihre Spielchen - ich mach jetzt erst mal gar nichts und warte in aller Ruhe ab, die zweite Jahreshälfte wird bestimmt nicht so wie die erste

VG heron

Adrian Douglas hatte vor zwei Jahren einen ausführlichen Artikel über ECU.TO geschrieben.

Jetzt gibt es ein lesenswertes Update

eine Reaktion von Hommelberg

und steigende Kurse

VG heron

Emoba wird mir in Erinnerung bleiben durch seine verschmitzte Art und Weise mit uns zu diskutieren. Vor kurzem gab er mir auf eine Frage zu einem Minenwert die Antwort:

Noch barfuss im Regenwald? ...einer der wenigen Werte, ...die man so weitermachen lassen kann ...und sich noch einiges erhoffen läßt ---nicht spektakulär aber ...und wenn die Stiefel erst mal eingegangen sind... ...Grüsse

Er wird uns fehlen.

heron

Tschonko
Wieviel ist TLR wert? Positiv ist dass TLR viele gute Leute im Management hat. Negativ finde ich dass es zwei ganz unterschiedliche Geschäftsfelder gibt. Jemand, der in einen Driller investieren will, dürfte kein Interesse an Explorern haben - und umgekehrt. Insofern weiß ich nicht ob der Markt TLR als Driller oder eher als Explorer bewerten wird, möglicherweise als Driller mit Abschlag.

Wieviel ist SMD wert? Und warum verkauft der Bersitzer ein erfolgreiches Unternehmen? (Homepage von SMD)

Unklar ist auch woher kurzfristig die 45 Mille Cash kommen sollen, oder anders gesagt, wie teuer diese 45 Mille wirklich sind. Insofern ist einiges unklar, aber ich finde TLR sehr interessant, und langfristig könnte das ein sehr erfolgreiches Unternehmen werden.

VG heron

Ein User aus dem Forum von Agoracom war bei ECU - klingt alles sehr positiv, insbesondere die Pläne zur zukünftigen Produktion

ECU annual meeting stuff

As usual the meeting went well with lots of questions to Michel and Steve. I won't review all the stuff but highlight a few things.

1/ Drilling deep below Santa Juana targeting deep massive sulphides at what is geologically projected as the same level as San Diego and Santa Maria mines massives. This inside the mine drill gallery has been positoned to allow 5-7 deep holes after taking a couple of months to create. If semi to massive sulphides are hit and are mineralized start to think much more than the present one billion ounces, much more!!

BTW, the impact of this massive sulphide discovery at San Diego is very significant and could be very large on the developing resource calculations. Of course any discovery at Velardena under the Santa Juana mine would be even much larger and much more significant given the much larger and more extensive mineralized structures defined to date (veins and minerailzed corridor), a definite case where size matters.

2/ Recent meetings with a number of mining companies have revealed that they upon their analysis they see the ECU inferred resource as closer to M&I and a significant part of the potential as closer to inferred based on how they classify their own resources. In other words our potential is closer to inferred than the classical definition of potential as defined by national instrument 43-101 guidelines which I have always suggested. These are the comments of those running other resource companies and I might add the ECU personnel suggested they other companies were pleasantly surprised to say the least.

3/ New pad built to inventory 10,000 tonnes of concentrate as part of the new production plan. This is over and above existing storage space which was inadequate and is now filling up. Update on production and concentrate agreement to follow in 2-3 weeks.

4/ Testing on existing pyrite concentrate going well with a couple more tests planned. Suggested final solution may be reported in 6-8 weeks. This would also allow the startup of the 60 tonne per day mill to process tailings which contain over $25 million dollars of gold and silver, mostly gold.

5/ New road built between the mine and mill. The large new ramp to the lower levels at Santa Juana is progressing well and about 1/3 complete. This ramp will allow easy access to areas of the mine not yet well explored due to access difficulty and of course is the key to future large scale mine plan for processing muck for a very large scale operation being contemplated by the feasibiltiy study. The plan shown on slides outlined the plan as going to 1500 tpd with phase 2 taking the mill to 5000 tpd. Steve and Michel made it clear the company has over 600,000 data points to date from over 13,000 samples provided by exploration drifting, crosscuts and extensive drilling. Plus we have processed bulk samples of the Mineralized Corridor and mined high grade veins so extensive info exists for the feasibility study.

6/ From an infrastructure standpoint, the company is hooked up to hydro, a major highway runs right by the mill/mine, we have access to huge existing underground workings/developments plus extensive drill results, a politically very safe environment and it's all in one location. Not to mention one billion ounce potential verified by a world class engineering firm in Micon and huge potential to grow this number higher as lots of new exploration upsdie exists, maybe as much as discovered to date.

7/ Expect a revised 43-101 in the fall followed by the pre-feasibility study. One of the issues with the feasibility study is a great problem to have, the company continues to have high exploration success making the study a moving target on mill design and size. This should be able to move faster once results from the deep holes are available as success here will again change the required mine and mill developement plans.

8/ Last but not least, we already have 260 trained and dedicated personnel at ECU giving us a huge leg up on almost any other developing operation in Mexico.

These are some highlights only and from memory as much was presented and discussed at the meeting. Sorry for the delay as I'm sure some were hoping comments would be posted earlier.

Artikel von Peter Spina

Der Artikel ist über ein Jahr alt, insofern nicht mehr ganz aktuell, aber trotzdem lesenswert. Hier ein Zitat: In the unlikely event the commodity market cools off, Kettle Drilling’s underground focus will protect them to a far greater degree than other drilling companies. Underground drilling is primarily involved with current mining operations while surface drilling focuses on the exploration side. Should a sudden drop in metal prices occur resulting in a decrease in exploration activity, surface drillers face far greater risks. Underground mining operations are not nearly as price sensitive in such a scenario and would be less likely to feel the change in a cooling commodity market.

VG heron

Mapler

GMX.TO wird gelegentlich im Sräd Juniors aus Kanada diskutiert. - Das Geschäftsmodell ist clever, das Management gut, und demnächst gibt es Royalties von drei Minen: Fabie Bay von First Metals, Strategic Resource Acquisition Corporation, sowie Russian Kid Gold Mine/Rocmec Mining. Das Problem ist dass GMX von den Partnern abhängig ist und teilweise lange warten muss, bis eine Mine ans Laufen kommt. Aber dann gibt es sichere Einnahmen - unabhängig von den Produktionskosten

VG heron

Tschonko, Lucky
Beim Contest hab ich fast nichts ausgelassen, vom Prozess bis zum Spin-Off ist fast alles dabei, nur eine Übernahme fehlt mir noch

Irgendwie wie im richtigen Leben. - Kurios bei Milly: da gibt es 100% Verlust bei einer Position. (Ist aber ein Irrtum von Golddrivers). - Und unser Bester ist zur Zeit Lucky!

Bleibt die Frage was das beste Depot für die zweite Jahreshälfte wäre. - Ich glaub ich würd's aus den größten Loosern der ersten Jahreshälfte zusammen stellen.

VG heron

auratico
Ich kann dir da nur zustimmen! LV ist in der Tat ein wildes Sammelsurium.

Zum einen sind da die Akteinkäufe und -verkäufe von Damien. Dann gibt es aber auch kurzfristige Zu- und Verkäufe bei den Beteiligungen, und auch hier wurde in der Vergangenheit Kapital verbrannt.--Andererseits hat LV etwa 2 .3 Mille oz Au durch die Beteiligungen an BUF.V und KNB.V, was allerdings die Börse überhaupt nicht interessiert. Und vermutlich auch zu Recht.

VG heron

Ende der Streitigkeiten bein GGC.TO:
Genco Is Pleased to Announce Election of Board of Directors
(...) The voting results reflect the culmination of a proxy contest which produced a board consisting of both constituents (...) Both sides acknowledge that there were differences and misunderstandings on a variety of matters and the new Board is committed to moving forward with improved communication and cooperation while meeting the highest governance standards (...)

Artikel von Adam Hamilton über SEG.TO:
Research Report

VG heron