Was going to say does anyone have WCN & BYR on their radars and thoughts?
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Spot gold just went through 1240(us),
and MOY is up 7.4% again today, very happy with the run this one is having,
also nice announcement from KDR today, they seem to have their house in order.
Honestly can't find a producer with as much upside potential at a still low buy-in price as MOY.
* No hedge
* Debt free
* Drilling campaign hitting high grade strikes at multiple locations
* Mineral resource upgrade announcement scheduled for this month
Hi Clip,
I hold WCN and BYR.
I bought WCN as:
- <10m market cap
- Multiple exploration projects on the go (gold and nickel) in Australia and Kyrgz Republic
- lots of announcements coming up in the next couple of months
- volume has been building recently and it's been trading near the top of the 0.06 - 0.09 trading range it's been in for months
Downsides that I see are low cash, (possible?) sovereign risk in Kyrgz Republic, lots of shares on offer.
BYR I bought into mainly as:
- seemed like very prospective areas where's they're drilling with good results so far
- I liked the chart
- Management and geo seemed credible
BYR is operating in DRC so sovereign risk is a factor.
Both WCN and BYR are on the speccy end of my shares. High risk but possible high returns.
Personally I'm picking gold/silver to have a big run in 2016 and 2017 so I've bought companies I think will do well if that occurs. I've got about 20 gold/silver stocks on the ASX plus OGC on the NZX.
Thanks Corran. Am holding a bunch of WCN oppies, considering picking up a few BYRO as well for a speccie 'just-in-case'. Liking the WCN news flow/announcements due over course of this year and hope it will run on good results
Nice post/table from CAS777 on HC (post http://hotcopper.com.au/posts/17143805/single) with some potential due dates for assays/drilling/results etc Attachment 7920
Huge move in PGO today 31.8% on raising funds and outlook of production starting soon ....did place an order but wasn't filled ..so cancelled not going pay more at this stage
Did get some TRY which I think will continue to move higher,,,,got a order in place to BUY more @ 41.5c .....great mgmt here one of the few to have a long history of paying out some of the profits to S/H's through Divi's rather than to feather their own nests ...
MKO ...happy to hold .... EAR moving much higher (should have brought) Bring on the merger
NKP--6.5c..... so much going on behind the scenes here....one of the few PGM plays ....also looks like I missed out on recent low BUY not filled....12c T/O offer coming soon IMHO but think round 20-25c will be the price we end up agreeing on ...
PRU .... T/O ..merger ....recently having a smaller cap than RMS(much lower EV) yet soon to have 15x the Gold resource ...only Aus producers with bigger resource in Aussie will be NCM / AGG round the same as RSG....
Australia's Perseus Mining (PRU) has made an all-scrip bid worth $85 million to take over London-listed Amara Mining AMARA.L , looking to pool their West African gold resources as bullion prices defy gloom in the commodities sector.
Perseus said on Monday it was offering 0.68 of a new Perseus share and 0.34 of a Perseus warrant for every Amara share, which it said valued Amara at 14.6 pence a share, or 61 million pounds ($85 million), a 42 percent premium to its close last Friday.
The deal, unanimously backed by Amara's board, would give Perseus Amara's Yaoure gold project in Cote d'Ivoire, adding to the Edikan gold mine that Perseus owns in Ghana. The combined group would also have two undeveloped projects in Cote d'Ivoire and Sierra Leone.
"If approved by Amara's shareholders, the proposal will potentially transform Perseus into a leading mid-tier West African gold producer delivering significant benefits to shareholders of both Perseus and Amara," Perseus Chief Executive Jeff Quartermaine said.
Ha Ha, cant see your mko sell there now. I guess you think it will go even higher!?
The market does not seem to know what to make of the Perseus deal, but does look like the makings of a winner over time. (any buy in price in mind?)
I got just a few EAR when they were under .10c and i'm watching closely as the new Board has encountered difficulty in obtaining access to the Company's records andexploration database. The material was previously in the possession of Dr Kohler and heldat the Company's office.The Company has repeatedly requested that Dr Kohler provide this material, The Company recently obtained access to the Company's registered office by having the locksreplaced. However, upon entry it was discovered that the material was not in the office. They may need that in order to go forward.
EAR....disgruntled ex mgmt.... MD ?? the bastards ...hopefully can get sorted out before long ..yeah thought if the merger went ahead the market would drive the MKO SP well north ...not planning on buying anymore at this stage
ended up taking a profit on my TRY.asx ($520 not bad for 24hr hold)....will buy in again soon hopefully low 40's
Yes I agree PRU good Buy with a longer term outlook ....even been looking at PAN today that has a gold & PGM projects but main focus
is on Nickel ..
I see PGO surged another 20% today ...I knew they would wish I kept my 17c shares now they are trading at 35c..... exactly as I predicted 100% growth but on even less news that expected ...wouldn't buy at current price too much to prove much like AYC which has also moved higher of late....higher risk reward IMHO
Really some of these micro-cap goldies starting to look like they have run passed fundamentals compared to say the bigger end of town,,,,
ended up buying MGX-cash up Iron ore & ACG med tech both look undervalued ,, swing trades
Yeah brilliant :( didn't expect that strong move in gold overnight AArrrgh ....could have been an easy $1500 profit selling today ,,
AArrgh PAN boomed 29% on friday and I ended up instead buying MGX (went nowhere) ....really got to sort out my poor decisions of late ..(bit rusting of late)
grrr... I did something similar, sold BGS on thursday, on friday it went up 30%. Oh well....
Is this the beginning of an explosive Thunderflash Kamuro Gold Burst. GOLD officially in a Bull mkt ,21% up. From micro explorers up.
https://www.janus.com/bill-gross-investment-outlook from w69
Yes going be much happier if my MKO - NKP - MGX trades play out well before the rest of the ASX Gold sector gets to expensive and I have to go looking in the Other sectors for better growth stocks
just read this in a EAR presentation .....
The Australian Eastern Goldfields contain ~30% of World gold reserves !!!!!!!!!!!!
Now think about a Merged MKO-EAR >>> 730sqkm + EAR Zaphod + High grade Juiius Discovery + 2.3mpta plant / camp nearby >>
I have removed my sell order for my (few) EAR shares, I can see 4 buyers wanting 336,000 @ 0.12c and not a lot for sale. I guess one of those bids is yours JB, - does look like the perfect merger (and they share the same head-office now) This does need to progress with wisdom and skill, plus a sprinkle of luck, and holders of both should come out well.
Yes no not a buyer of EAR ....MKO looks cheap though ....so much interest in the sector .....glad I loaded up in MGX iron ore boomed overnight
so much money flowing back into the ASX resources sector .....when to sell now been a killer for me of late ....
PGO 4c now.... one sell order 7c :( :( :( ...could see this over 10c before mid year
and i had 200k at one stage 1.8c av from memory
Trying to BUY more MKO ...just got of the phone with the MD..... if this all comes together with the interest in the ASX Gold market the SP will rocket
Well for one I've gone off the idea of MKO - EAR merger ....for me a J.V toll treatment deal would work much better for MKO holders imho unless the merger price is right (certainly no higher than current value)....why because EAR only has great drill results to date ...No JORC so zero Gold reserves yet ..so EAR needs to spend a good chunk more cash on drilling and then PFS and mining and environment permits before any J.V deal
much rather let EAR dilute than MKO
Time frame... well by the sounds of it MKO have another 6000m of exploration drilling very soon to be underway and for sure be able to increase their 270koz resource ...
Sounds like they have a very interested party that wants not only a stake in MKO but access to the plant to toll treat ore >>also they had the beast 2.3mtpa Bronzewing plant up and trail running only days ago and it seemed to be in order >>
Fact is MKO is in the right place at the right time ...surrounded by stranded Gold resources in the heart of the Gold fields ..
Nice work thanks JB. The (warmorangemetalsite) is off-line, and I wanted to say what a nice presentation from MOY this morning.
Hi JBmurc, any small gold companies on your radar lately? apart from MKO...
was looking over EXU LSR recently ....have really only scratched the surface ....both seem to have pretty good potential
thanks for that I will have a look too
lsr just had a sheety result... esr looks more promising in a shorter time frame?
IRC worth a look old PXG MD jon price at the helm ...marketcap 12mill(3mill in listed investments) ...should see some gold production in the DEC qty
http://www.proactiveinvestors.com.au...ect-67778.html
Australian gold sector remains strong, declining A$ and costs of production
New team focused on consolidation, growth and development in the WA goldfields
Expanding JORC Resources 3.94Mt at 2.66g/t Au for 337,370oz1
Development ready Teal gold project fully permitted 12km NW of Kalgoorlie
Narrow vein high grade underground focus to support mill installation at Menzies
Acquiring value accretive projects within the Menzies Kalgoorlie corridor
Potential to develop significant long term production pipeline
$1.7m cash, liquid investments and potential to monetise non-core assets
Early stage value proposition with low EV, tight capital structure and near term
production
.free carried by muti J.V
http://www.intermin.com.au/
MOY
very good early stage drilling results today, (up 20%) on this news, but with pog up overnight - looks to have further upside.
Drilling hits extensive high-grade gold at three separate Nullagine deposits
Outstanding results of up to 1 oz per tonne to be included in
a revised Mineral Resource Estimate and Ore Reserve
Millennium Minerals Limited (Millennium or Company ASX: MOY) is pleased to advise that it continues to generate outstanding exploration results at its 100%-owned Nullagine Gold Project
(Project) in WA (Figure 1), with the latest drilling returning hits of up to one ounce per tonne
from three separate deposits.
Millennium has three RC drilling rigs operating at the Project and one diamond rig to assist with
delineation of new Mineral Resources and Ore Reserves.
As part of this exploration campaign, Millennium has made a significant new high-grade discovery
at Anne de Vidia and recorded strong results from extensional drilling programs at the Roscoes
Reward and Otways deposits (ASX Release 22 February 2016).
This latest round of drilling has focused on near-mine opportunities at the All Nations deposit as
well as first-pass RC programs at Round Hill and Gambols Hill, both of which are located close to
existing mining centres at Nullagine.
Millennium Chief Executive Glenn Dovaston said the exploration program stood to create
significant value for shareholders.
Given that we are now debt-free and own our processing plant, the free cash flow which will
stem from exploration success is substantial and will in turn create more opportunities for
Millennium.
In light of our enviable position, these latest results are great news for Millennium shareholders.
you guys heard of Peel mining (PEX)?
looks to be an illiquid stock, But IF the drill- finds good grades at apollo hill, in the next two weeks, would/ could go pow!
(DYORIHANIWIATA)
Irc is on the move recently. I am thinking to take a punt.
I was thinking MOY would drop back to around 10c, but today it went up on nothing new really. So still not sure I should buy at this level. Hmmm
Wish I had the money to buy IRC when I first found out JP was in charge ...round 7c
V Nice Quarterly, out for Millennium Minerals Limited
March Quarter trading update (MOY)
The Company produced 23,166 oz of gold in the three months at its
Nullagine Gold Project (Project) in the Pilbara, placing the Company in
a strong position to reach 2016 full-year guidance of 80,000 oz
85,000 oz.
All-in sustaining costs were $1195/oz. This is at the lower end of fullyear
guidance of $1180/oz $1220/oz.
(Prob cant call this a Junior now)
Well IMHO on the upper end of the micro cap to 10mill-100mill ....but many have different values given to Mktcaps ....Some in the US markets say jnr is upto 2 billion mktcap ??....
way I've seen it for the resource sectors is roughly 0-10mill nano cap 10-100mill micro cap 100-500mill jnr cap 500-1.5bill midcap 1.5bill+ big cap etc
--some good drill results out from IRC !! upto 10.5c >>>
Missed both boats, MOY and Irc, might have to wait for them drop back a bit.
kdr seems to have more upside potential.. what do you guys think? JB and Penn
Have looked across KDR from the connection to RMS (they lease RMS Burbanks from memory this costs them round 1mill p.a) and still not convinced its a great buy at this stage ..
-15.4mill MCap- 6.6mill in debt -2.1mill cash
they do have 1.2moz resource say 200koz-300koz in reserves .....at Mt holland with good exploration upside ....production likely start of 2018 ... giving est AISC just under $1200oz AUD
good one for the watchlist ....but for me MKO - NKP should do better this year
Why is buying into a strengthening stock a bad move? Both these company's have all their best days ahead of them.
DYR - MOY have been drilling the sh*t out of their tenements and are announcing an upgrade in resources & reserves at the end of April (we are in mid April now).
IRC just announced spectacular drill results at Teal - you can still get shares at 10 cents or thereabouts.
If the share prices are holding or not dropping by much in an environment where the gold price is falling, that's a good thing. It means buyers / holders can see the potential.
Just a heads up guys; there is a Lithium thread now if int.There has and are really good profits to be made now, no need to wait.
it's been a great last couple of weeks for my goldies but it's been two of my little silver plays that have been shining brightest namely ARD and IVR.
ARD is currently drilling in it's Kempfield project and is expected to announce the first results next week. Hopefully good results coupled with a rising silver price will push this much higher.
i have never buy silver miners. They usually follow gold prices right? I mean the silver price
Hi babymonster - the companies I mentioned are silver explorers. The silver price is a factor but I think what is more important are company specific factors (the results of their drilling, how much dilution occurs when they raise funds, etc). Very high risk, but potentially high reward.
I like high risk high reward
Still holding CAV, who knows may make up my lossess after a strong last couple of days.
Enjoying today ...MKO & NKP up strongly ...go a few of my MKO up for sale ....happy to take a 150% return over 5 months hold ....will let the rest run (only sell 20%)
what's on my watchlist >>> ATC , HZN , but most likely go for MGX
Yes HZN looks good buying ..but I thinkI will wait till a satisfactory debt solution can be sorted or oil head above $50bbl where they will be able to start paying of a good chunk of the 100mill+ debt qtry.......
MGX well under cash-backing making a nice profit now on there I.O operation ,,,insurance payout to come ...
AUD GOLD $1717oz ......and looking like it will continue to rise on weaker AUD and stronger USD Gold
Guted to sell my kdr for a 10% profit.
Be int in your reason selling for selling?
AUD weaken has pushed AUD Gold to $1740oz 's ....if this continue I think we may well see $1800oz AUD before MAY is done
And I nearing sold my MKO 7c+ for EAR 8c in FEB .....arrggghhhh :(
EAR inter-day high 21c
MKO down 32% EAR up 136% .....yet as we know these two companies our mostly held by the same interests and is very likely we will see a merger >>>>MKO sure has a lot of catching up to do
wouldn't be surprised to see a EAR make a takeover offer for MKO after this scoping study is released ...can have my MKO for 15c
NEAR SURFACE HIGH GRADE GOLD RESULTS AT JULIUS
SCOPING STUDY COMMENCED
HIGHLIGHTS
- Results received from the first 48 of 74 holes
- Significant intercepts include:
6 metres @ 5.49 g/t Au from 9 metres (JAC007)
10 metres @ 3.15 g/t Au from 40 metres (JAC007)
6 metres @ 3.04 g/t Au from 9 metres (JAC015)
5 metres @ 4.16 g/t Au from 8 metres (JAC016)
7 metres @ 5.73 g/t Au from 8 metres (JAC017)
6 metres @ 2.39 g/t Au from 8 metres (JAC019)
7 metres @ 2.04 g/t Au from 9 metres (JAC023)
11 metres @ 2.77 g/t Au from 36 metres (JAC023)
5 metres @ 3.22 g/t Au from 8 metres (JAC029)
12 metres @ 2.56 g/t Au from 48 metres (JAC034)
6 metres @ 4.27 g/t Au from 36 metres (JAC037)
11 metres @ 3.20 g/t Au from 32 metres (JAC045)
- The Company has commenced a Scoping Study to assess the likely economics of a Stage One
open pit at Julius
The Fed is really going to raise rate next month?
and AUD ...AUD gold holding above $1700oz ... but I'm sure we will see pressure on the PM mining sector
Threw some PUNT money at BYR today after a mate pointed out the announcement. A few rough estimates of the photo ;guesstimating 4-30oz a tonne.hee
Download Document
You been following the news on WCN AUCU deposit JT/JB? And do you have any opinion on whether the heads or oppies would be a better bet? oppies are 3c expiring may 2017, DISCL I am holding oppies currently
Sadly too busy with property market of late .....and waiting for NKP-MKO to progress to target selling range ....then I'll be back focusing on the S/M
I did a quick check of DRC, and wen I read this I decided not to invest, (though it looks like bonanza to me)
"DRC is the only country in the world in which bonobos are found in the wild. Much concern has been raised about great ape extinction. Because of hunting and habitat destruction, the chimpanzee, the bonobo and the gorilla, each of whose population once numbered in the millions, have now dwindled down to only about 200,000 gorillas, 100,000 chimpanzees and possibly only about 10,000 bonobos. Gorillas, chimpanzees, and bonobos are all classified as endandered as well as the okapi, which is also native to the area geography."
Yes i'm a kill-joy
but we all have our own 'cross eyed bear'
Thanks penn .I avoid coal and gambling stocks these days;i care about the environment and believe in Global Warming. Im hearing many /most animals are disappearing atm just to feed people(bush meat) let alone the environmental damage to habitats.!! Point taken,cheers JT
So MOY still marches on.!
Have been a buyer for months
MK 123m
No Debt
EPS 10,8c
P/E ratio (Adjusted) 1.53
- Forecast production of 80,000-85,000oz at AISC of A$1180-A$1220/oz for 2016.
-27% increase in Ore Reserves to 159,000oz after just 3 months of
drilling extends mine life beyond current schedule; total resource
inventory of 1.01Moz.
-Constructed in 2012 for initial capital cost of $89M 1.5Mtpa CIL ore treatment plant located adjacent to the largest deposit in the field (Golden Eagle)
Currently demonstrating ability to replace mined ounces while growing mine life
Then we had the up-date two days ago:-
Outstanding high-grade results returned from all prospects drilled at Nullagine Gold Project in WA
Latest hits such as 12 m at 8.5 gpt, 4 m at 43 gpt, 1 m at 171 gpt and 6
m at 10 gpt to under pin Mineral Resource and Ore Reserve update.
Oh and pog just hit AUD 1778!
What's not to love about this?
DYOR IHANIWIATA
BYR in trading halt re results from drill program imminent. Leaky ship by the looks with s/p up re 30% today with nearly 20 mill shares through.Tomorrow looks promising.
Scoping study out from EAR ...toll treatment planned
Certainly looks like MKO 80kms to plant etc... will get the bulk of the $485 per oz priced into the scoping study .. so 33koz p.a x $400 =13.2mill gross to MKO ??
Last time I talked with MR he did state round $18 per ton AISC to run BZW on current prices etc....so take out 7.2mill ... should see least 6mill+ to MKO EBIT @ current AUD gold prices
And with so much room to grow only round 20% of BZW (400ktpa) I hope MKO can announce more feedstock to come to get to full 2mtpa ..... maybe they will have enough of their own to least double EAR feedstock ....
MKO ready to launch.... just look at EGS I don't see why MKO could blow past EGS with another major toll treatment deal with very good exploration results... 200mill+ cap etc
Fair enough. was watching BYR over the past few weeks, kicking myself a bit now hah. Looks like they might have struck gold, excuse the awful pun, as they've now gone into suspension until earliest Friday - maybe doing a nice big pretty gold report
BYR re 5.6c atm, Gold over US$1300 oz
Sold just over a third(2.9c my entry). Extremely tin arse on this one no skill involved on my part.
Burey Reports Exceptional Gold Results
MKO -- toot toot //// muti bagger here we come
https://au.news.yahoo.com/thewest/wa...onzewing-mill/
BYR 6.9c. $11.6 mill placement. Awaiting next drill results not far away. A bit of fever is hitting Goldies atm:).Download Document 95.99KB
Yes is heating up for sure .....and about time i've been a ASX gold bull for years.....
Can't believe MKO hasn't moved more on that last ann. I just don't think the market really understands how valuable having a 2.3mtpa gold plant in eastern Gold fields is currently ...and now with 3yrs of 1mtpa lease to be contracted any day now...pure crazy market value given only 24mill!!
I've crunched the numbers time and time again and it's just not going take all that much for MKO to 10 bag or even be a 30 bagger ...all it needs is a good Gold Reserve be it from the drill-bit or J/V or chq book ....which all looks likely ....
,,,,comparing MKO assets 100-120mill Gold Plant + 280koz Gold resource + great exploration grounds +IRC shares + EAR J/V in the pipeline 2Q 17 + the MKO MD the biggest holder ....and now with this lease deal worth muti-millions + the plant refurbished by the lessee (saving millions)..
then compare that to a explorer with no plant or camp or power dams roads , airfield etc etc .... but some good resources and holders believe they should be worth hundreds of millions ?? ...no idea on timeframe or costs to produce one single oz of metal ....but many a punter loves to soak it up....TIME is always the last factor many a ramper put into the equation ....
I do believe the very small free-float isn't doing MKO favours with the rampers as its not going be easy to trade....
I agree, totally! I think the market is spoilt for choice, with rising goldies (it has taken a while for moy to move, but well on its way now) I picked up another small parcel of MKO yesterday, but that seller may be done now? I can only see 5 sellers on the market and one of those is asking over three time yesterdays close. My guess is that new investors may be waiting to see the terms of the lease, but of course by then she may well have gapped-up --big-time.
BYR 5 bagger atpit @ 8.5c after selling re a third earlier to lower my average entry from 2.9 to 1.7c. Crazee; certainly not buying at this price and a lot shares and options on issue DYOR.
Seller is back for MKO. I tplaced a 5.5c buy with PUNT money and picked up a trading parcel. How many more left to sell is the question re overhang. I hope the gold trend stays there long enough for MKO to play catch up.DYOR. Thanks for sharing JB and penn.
Good stuff guys all on board let's hope this lease is a good deal for MKO... will really get this rocket fired up
As for the selling pressure I have looked over the top-32 Shareholders from march till recently and it looks like the major holder selling down is under "BNP Paribas Nominee" ..most likely a fund .sold just over 5mill (most likely making up the bulk of the last weeks selling pressure as well)..at a guess I'd say they will have 16-18mill ords to go(or maybe they are just re-weighing their portfolio)
More Volume days like today and it won't take long ...
Another biggest volume of the year and a breakout in s/p with most goldies slipping a little ;) heres hoping it can hold; be great to see a sub 5% notice or something.
yes its great to see more new holders coming to MKO ...if only we could have more details on the lease ..would most likely trend onwards to 10c
https://www.youtube.com/watch?v=hu0kcB5gVL8
I fully understand what Robert Hirschberg is talking about here ....I would very much like to even reach his 100k to 1.5m move ....now that would set me and my family up very nicely
you guys know PNR nuch? what's your thoughts?
I posted this on 12/04/2016
Share price was 13.5c
Todays quarterly:-
No surprises but:-
Millennium generates $10.0 M free operating cashflow from another strong Quarter of production.
Cash on hand up $5.8 M to $20.4 M; no debt
Acquisition of 12 tenements within the greater Nullagine Gold Project
Production year-to-date of 45,926 oz and ahead of CY2016 guidance of 80,000 oz - 85,000 oz
Share price now:- 26.0c ......Lovin it!
Great stuff. I put an order in to top up this morning before the announcement came out. That didn't work out too well. Hopefully a pull back and my order will be picked up.
The bet here is obviously the LOM. If the drilling is successful and POG stays strong we are in for a heck of a ride. Indications are that the drilling will be successful too, given all the commentary. And I am very bullish on the POG given confidence in paper currency may start to fall away after all these failed stimulus attempts ten years on from the GFC.
Im no geologist, so does anyone have any idea what sort of ore reserve upgrade we are expecting in October? They've obvious got favourable results so it's just a matter of how much it would seem
To expand on my paper currency comment and why it might be good for gold. I put some thoughts together recently:
http://20kstockproject.blogspot.com/...-currency.html
This is not my work
but as a guessatitement
looks OK to me.
Lets have a crack at fundamentals going forward:
Mkt Cap:.................$174 mil
SP:.............................23.5c
# of shares:..............740 mil
Annual prod (av)......82,500 ozs
AISC:........................$1193/oz
Revenue:...................$1793/oz
Admin & other exs.....$2 mil
Npat:..........................$47.5 mil
EPS:............................6.4c
Current P/E................3.67
Prospective P/E..........10
SP:.............................64c (prospective.)
As drilling progresses at $3 mil/qtr, one has to assume that LOM* will be increased to
at least 10 yrs within 2 years.
BUT.............. dyor ihaniwiata
Ive read 40-50% of production is hedged @$1689-$1719 oz
This is the current situation re-hedge.
As at the end of the Quarter, Millennium has hedged approximately 50 per cent of its forecast production for the September 2016 quarter at $1689/oz
and 40 per cent of its forecast production for the December 2016 quarter at $1719/oz.
Subsequent to the end of the Quarter, a further 9,289 oz of hedging at $1846/oz was committed
for delivery during the September 2016 quarter, taking advantage of favourable spot gold prices.
1846! ;)
Anyone like KBL - GOLD PRODUCER
starting to show some good volume and should break 1c soon (TODAY) - they had some hick-ups with flooding and are back up and running so share price should move up to around 1.5c or 50% gain on current price - good little punt if thats your thing GLTA and DYOR
Heres some recent info on KBL from another share investor forum.... definatey have some serious assets by looks of things - others thoughts ??
"They are putting all their effort into getting Mineral Hill back into production. Triako resources had the mine on care and maintenance and KBL bought it a few years back. The mill cost $70M to build (1990 pricing) and $30M has been spent by KBL on enhancing it. Since April it has been running smoothly, except that the central Australian heavy rains washed out the haul road from the current open pit in early June causing the SP to drop from 1.5c to a low of 0.4c
Currently this is earning about $1M+ per month. When they have sorted themselves out at Mineral Hill, then they can develop Sorby Hills. The largest undeveloped Lead and Silver project in Australia. It has a multi-decade life."
Interesting well worth doing some more study on ...I do understand they have a few debt issues to sort out soon ...will put on the watchlist
......--------------------------------------------------------
Update on MKO ....
some 18.5mill traded since the start of July .....still 9 trading days to go for the month ....could well trade over 30mill for the month of July if the Lease details are announced soon >>>> putting this interest into perspective there has only be around 32mill shares for the first half of 2016 (Jan-June)
Well JB- this may answer some of your questions:
check out the last paragraph - KBL is backed by China’s biggest silver and lead smelter, Henan Yuguang Gold and Lead, and also has interests at the Mineral Hill Mine in NSW and Constance Range in Queensland.
looks like they waiting for Base metal prices to recover but they state the mine would produce a whopping 2.8 million ounces of silver PER annum wow -( the ore body is shallow and highly economical and would return great !!$$$$$$$) and if silver price continues to rise as we are seeing, it may justify the trade off for low base price of lead and send them into production earlier - all the infastructure is ready and however in the meantime they are a GOLD producer so they will continue with that for now -
p.s they recently traded over 250 million shares up to 1.4c and fell back to current levels after so much buying pressure so its holding well, forming a base and positioning itself for another run - today hopefully
KBL have Australia's largest undeveloped Silver-Lead-Zinc mine ..mmmm Juicy Indeed
https://au.news.yahoo.com/thewest/wa...ars-off/#page1
“Depending upon price, the mining lease is granted and it (the project) could be brought on-stream reasonably quickly but it would be a couple of years at the earliest,” he said.
“All that is predicated on the major uplift of the price of lead.
“It’s something that’s potentially very valuable and could be a big employer ... but it’s on hold.”
Sorby Hills was given the final tick of State Government approval in 2014 when Environment Minister Albert Jacob signed off on the project after 2 1/2 years of negotiations.
The modest capital expenditure venture was originally planned to produce up to 80,000 tonnes of lead and 2.8 million ounces of silver a year from the shallow ore body, with an estimated annual value of more than $200 million.
Major construction components include a crushing station and grinding section to reduce the size of rocks, a floating plant to remove lead and silver from fine mud, and a tailings dam.
The mine site and processing facility would be built 50km north-east of Kununurra near the Northern Territory border, with concentrate to be trucked in sealed containers to Wyndham Port.
KBL is backed by China’s biggest silver and lead smelter, Henan Yuguang Gold and Lead, and also has interests at the Mineral Hill Mine in NSW and Constance Range in Queensland.
Disclaimer: I bought a nice parcel at .009 yesterday, looking for a run back to 1.5c + very soon :)
KBL - Now at the 1c wall - buyers building and i expect 1c to be wiped out today and we should see a nice run to around 1.5-1.8c now they back in production
At 1c and an actual Gold producer is lunacy with POG heading up not to mention a processing mill worth 100 million+ approx and a world class undeveloped silver mine potential with 2.8 million output oz silver planned per annum :D
AATWT