Good as Gold mate
My tax paying trading goldies are
Trading
VML ( two friends are into this so now its 3)
MKO
PDI
usual story , don't try this in rome and DYOr and be prepared for an illusion; bent spoon.
Printable View
Good as Gold mate
My tax paying trading goldies are
Trading
VML ( two friends are into this so now its 3)
MKO
PDI
usual story , don't try this in rome and DYOr and be prepared for an illusion; bent spoon.
FWIW (not much) my other Gold juniors are ,CAS (a dog with a wag) and holding BYR, WCN, Plus my larger producer developers (5). Goldies are re 10% + of my portfolio currently. ORR and WPG on my watch list and CDV options too CDVOA.
CAS PDF Spectacular 2,000 gm/tonne hits wag,wagwag
Cheers to everyone for their contributions to this thread. I've dropped into WPG and MSR. Could easily dabble in a few more if funds allowed at this stage.
Hope the upcoming gold boom pays off for us all.
H
Moy, Moy! ---------------> 8 m @ 101.42 g/t Au from 21 m!
More than a hundred g/t and over
25feet thick!!!
Pay-dirt!
Decided to take profits on MKO. The longer it takes for a decision re takeoff etc more risk in my mind. Also need to reduce risk a little for my own safety margin. I prob have too many spekkies is the other reason. Every which way , G'luck.
CAS good announcement .S/P dropping as a result of the discount for the SPP to instos and sophs(not me:)
Crusader Raises $8.5m in Oversubscribed Placement-CAS.AX Slightly less longer term story here.
WCN 2 what i thought were good announcements
Significant gold anomalies identified at Comet Well-WCN.AX
High grade drilling results. Visible gold, Aucu Gold Deposit-WCN.AX
BYR Have set a sell price which if hit will be a multi bagger but may reconsider how many as more good results could cause more uplift.
Maiden Resource Drilling Underway on Giro Gold Project-BYR.AX
MKO.... Trading Halt... Stand By
Sa La Vie hope its good for holders.
Research note on WCN current price $.009c T/P $.04c
http://wcminerals.com.au/content/upl...n-20160810.pdf
Echo Resources, Metaliko Resources to merge; Breaker upsizes deal
Sarah Thompson
Anthony Macdonald
Joyce Moullakis
Two gold juniors exploring Western Australia's Yandal gold belt are set to announce a tie-up.
Echo Resources and Metaliko Resources both entered trading halts on Wednesday morning ahead of an announcement on a "material transaction".
Sources told Street Talk the companies would merge to combine their respective strengths in the historic gold region and accelerate a return to production.
Renowned prospector Mark Creasy proved the gold prospectively of the Yandal Belt in the mid-1980s, discovering the Jundee and Bronzewing deposits he later sold for $117 million dollars.
Metaliko picked up Bronzewing in 2014 for $4.8 million after the collapse of Navigator Resources.
The two juniors have history. Earlier this year a company controlled by Metaliko managing director Michael Ruane successfully moved to spill the board of Echo. Ruane was on Echo's board from February until May.
Since then, Echo has been fast tracking its Julius gold project, which lies about 75 kilometres north of Bronzewing, towards production.
A merger could see the Bronzewing plant restarted to process ore from Julius.
Elsewhere in mining, Breaker Resources has upsized its raising to $12.5 million.
As revealed by Street Talk on Tuesday, the gold explorer was seeking to raise $10 million at 50˘ a share with the help of Patersons Securities.
It's understood the deal received more than $40 million worth of demand.
Breaker shares have tripled since the start of the month, last trading at around 65˘.
PDF Merger 1 EAR share for every 2.5 MKO
Values MKO at 8.8 aussie cents??
Hasn't set the mkt alight atp. Buyers @7.1c sellers 7.5c ,no sales.
I was a bit early, 9c atm . Got 8.3c for my last shares.Missed a decent extra gain though.
Going from EAR sp works out to at least 10c per MKO ... If the bullseye lease is still to come add another couple of cents at least
Quite a laugh when you think about the numbers .....
once merged MKO holders will hold 50.4% of the new merged EAR ... so for giving up 49.6% of our assets- 2.3mtpa plant/Camp worth 80-100mill replacement value / MOU Lease agreement that would have seen upwards of 10mill spent on BZW refurb...plus lease income of many million pa 3yrs+
MKO -JORC resource 521koz 1.8g/t
Now EAR brings to the table JORC resource 325koz 1.6g/t and some great recent drilling results (handy timing?)
You do get the feeling this merger is much to benefit EAR position as a future Gold producer to then be sold to the highest bidder(package the assets together)
in turn really helping EAR major holders with also major MKO holdings ...MR etc
And if MKO was purely being run to benefit S/H driving the bullseye deal along with other toll treatments (own ore) would see a much higher SP to holders than half of the new group ....unless we have a Buyer in the wings wanting the package deal ?
Taken profits on WCN too @ 1c. A sell i forgot id set. Thinking I've sold far too early on this one;still the money is in the tin.
NEW HIGH GRADE GOLD
INTERSECTED AT PEYES FARM
HIGHLIGHTS
Drilling program completed at the 100% owned Peyes Farm prospect, 600m south of
the Teal gold mine and 11km from Kalgoorlie-Boulder1
Latest drilling returns highly encouraging downhole intercepts up to 34g/t Au
including:
15m @ 5.00g/t Au from 48m
(including 6m @ 10.89g/t Au from 49m) – PFRC1637
7m @ 2.58g/t Au from 30m
(including 1m @ 16.00g/t Au from 30m) – PFAC1615
5m @ 4.03g/t Au from 31m
(including 2m @ 6.14g/t Au from 33m) – PFAC1613
8m @ 2.60g/t Au from 28m
(including 2m @ 4.85g/t Au from 28m – PFRC1616
4m @ 3.96g/t Au from 38m
(including 2m @ 7.10g/t Au from 39m – PFRC1617
Drilling intersected new high grade mineralisation west of the main Peyes Farm
IRC-ASX
Latest drilling from IRC... might buy a few
Shear (PFRC1637) and remains open in all directions
Follow-up drilling at Peyes Farm and Teal to commence in the December Quarter as
part of an accelerated exploration program across the Company’s tenure in the
Kalgoorlie region
Commenting on the program Intermin’s Managing Director, Mr Jon Price said the Peyes Farm
prospect is showing potential to host very high grade mineralisation with very little modern
exploration along the 4km strike zone in the last 20 years.
“Like Teal, Peyes Farm has produced spectacular results from limited drilling on parallel structures
and confirms the gold system is completely open and occurs in multiple highly mineralised
structures demonstrating potential for significant Resource growth.
As part of our planned accelerated drilling program across all our 100% owned projects in the
Kalgoorlie region, extensions along strike and at depth at both Teal and Peyes Farm will be a key
focus along with our high priority targets on the Zuleika and Bardoc shear zones,” he added
Decided to sell a third of my MKO holding and go back to holding more than just a couple of companies
Purchased ATC and IRC ....
Attachment 8341
Have now exited all of my MKO on not over confident on the merger being the best outcome for us MKO holders at this stage ..
Should still kick on longer term and may well enter again at the right price .(think once the merge goes though they will be raising cash to fund mining/exploration_ should see EAR trade downwards)...
Personal think the major holders will put the lot up for sale once a couple of Qtrs of Gold production has been achieved (late 2017-early 2018) so I don't think the true value of the MKO assets will truly be reached with EAR tag on ....
total funds from MKO will be diverse into _BUL,IRC,ATC,ELM ....huge upside in this lot
I think IRC will soon move well north >>>>
Nothing more than what's been released ..which we see from these fundamentals if all goes to plan the SP won't be hanging around anywhere these levels during 2017(if not earlier)
... Why the SP hasn't moved up with decent bids of late (purchased 620k over last couple days sellers happy to come to me @ 10c ) think could well come about from the proposed merger of MKO-EAR as the Biggest holder ex MD is also a biggest holder of MKO and major holder of-EAR he of course really wants the merger to go ahead so he can get the merged company sold off (certainly put that across over the phone last conversation we had) I also see RWD has had selling pressure for nil reason of late as well ..... IMHO perfect time to build a position in a soon to be producer of Gold (via Toll treatment)
Sold some more BYR @ 7c (cost re 3c with brokerage). Drill results imminent; just covering myself here in case, still have re 150,000 left. free carrying with these riskier stocks is a great way to manage risk imo. aAcouple of other goldie specs i hold are either flat or down PDI (drill results disappointed:(. hence my managing risk more here. My producers have generally dropped back too atm.
BYR certainly got the drill bit running on overtime.
I sold out of AZM, still low market cap for a near term 90k/oz producer, LOM 7 years and gone into MLX, who are spinning out West Gold Resources with a current production of 200-250k+, moving to 400-450k within 2 years. As a pure gold play this should re-rate on listing.
Really it's a great time to get on board IRC esp while Mr 50k is happy to give his shares away cheap..
what I'm looking forward to driving the SP much higher -----------
-Gold production from the Teal Stage 1 open pit mine....GOLD !! this QTR
-the next drill programs at Teal and Peyes Farm(very likely we will see the toll treatment program go from much longer value adding 10mill+)
-Goongarrie Lady Resource could well be the next toll treated ore with EGS ...extra cash-flows adding more value.....
-IRC exploration Blister Dam, Baden Powell and the Janet Ivy South projects ...bring on the results
-EGS and IRC to execute a formal agreement in the next 60 days ....here's hoping this will go ahead with EGS spending upwards of 5.5mill with IRC still holding onto 35% of the project..
Now what will EGS find in Menzies and Goongarrie project areas sounds very underexplored
-then of course EVN will be drill our Binduli Gold Project spending upwards of 4.6mill over the next couple of qtrs ....IRC will still hold 30%
-–CASH ,,,another A$700,000 to be paid to Intermin on or before 31 December 2016 by BLK
-The large RICHMOND OIL SHALE-VANADIUM-MOLYBDENUM PROJECT will we see a J/V partner come on board in the near term ??
-LEHMANS GOLD JOINT VENTURE- SAR.asx (IRC-10% free-carried) will we get some exploration results from chip sampling this qtr?
-NANADIE WELL COPPER-NICKEL-PGE JOINT VENTURE with MTH.asx ---25% IRC once MTH spends 4mill
.....add in the 2.4mill in ASX investments 4.7mill cash and the market says it's worth 20.4mill LOL!!!!
Hi JB what are your thoughts on EAR or PAN? I currently hold RMS and RSG since July 2015 and I am thinking of selling some to buy some other undervalued gold juniors, but not certain yet.
CDV .Everyone got caught out there(with the below announcement); even the top experienced posters.Turns out to have a difficult expensive metallurgy with lower recovery rates to boot. About a dozen WOW posts turned to dismay as the s/p went from re 63c to 23c. Expensive lesson in a risky sector. Pure luck i didn't hold as i missed my buy price by a cent or so a while back:eek:
4 Million Ounce Maiden Resource at Namdini
IRC cost is pretty good... holding up pretty well giving all other gold stocks are in reds
From my experience in the sector it's going come down to your risk Vs Growth profile ....I've always been a fan of the local Aussie Gold producers ....but with the likes of RMS they have limited resource around 3yrs to go...so how this affect their 260mill market value will depend much on Gold reserve replacement and risks that go with it ....
. RSG is Billion + market value... major producer/reserves ....mostly African operations (Good long term BUY/HOLD but don't expect it to double anytime soon)
... EAR - PAN both explorers at this stage the latter of course once a nickel producer with operations on Care and Maintenance....
Once EAR merged with MKO will need much more capital... a Good Buy but not yet IMHO ....should be able to BUY in the teens (which I plan to do,,,,,)
like my post above I would recommend IRC.asx great value to Market value with near term kickers(100% return likely Short term) ....MD with proven record of discoverys Moz deposits ,,,,JV with majors ...
Taken a PUNT on AWV Anova
Download Document 768.42KB
I'm not sure why people rate IRC given its lethargic history over many years and it's apparent inability to get properly going on projects. I know that companies with minority JV holdings do not see the value of those holdings fairly reflected in the MC. For me I prefer to go in on companies that own and develop 100% of their project. Time will tell.
I've gone in on WPG as an example, this company has bought out its JV partner so it's the opposite strategy really.
what are your thoughts on BRB? :)
I should add that as an ex-holder of RWD around 2006 to 2011 I found Dr Ruane to be very good at delineating resource and keeping companies going but not so good at creating shareholder wealth apart from the Jinka spin out which was brilliant for us holders. To be fair the GFC did not help, but even so he doesn't seem to be as commercially focused as some of the other junior miners who have achieved huge growth.
Well we will see--(WPG sure have to get that AISC down)------- if JP hadn't taken over I certainly wouldn't have been as keen to buy as much as I have ......but then I have great trust in Jon Price-MD as I've found him to be a upfront guy that always returns emails,answers calls.... etc he certainly worked hard to drive PXG value till being stuffed around by J.V and Gold market crash.....
Now round IRC cash position ....(market value 22mill)
-As at 31 December 2016 we had 3.493m in the bank (+2.2mill in listed investments)
-$700k from Wiluna Calcine's have been received, after 31 December 2016. So it did not show up on the books.
-$430k is likely to be received by 13 February 2017 (60 days after the initial JV announcement)... quarterly indicates that they progressing.
-$2.15mill in exploration cost from TEAL (if all goes according to plan) will be received by the end of March 2017.... my estimates based on two months of production.
-$1.5mill worth of options (@7.5c) is likely to be struck by 1 July 2017....
Of course recently AXF J.V committing 6mill to the monster Richmond oil , vanadium and molybdenum 100% owned by IRC could well add another dimension outside the toll treatment Gold J.V profit style IRC want to head down >>>
IMHO IRC will blow 20c before mid year
Fair enough but I would rather stick to for example WPG whose AISC is high at $1618 but of course holders know that the newly started Tarcoola OP has AISC of $900 or so which will bring down the overall AISC significantly into solid profit. The high cost producers have the highest leverage to an increasing POG, especially if the AUD weakens this year as well.
ORR is worth a look IMO. The directors have a proven track record in OMC, MRU, EQN. OMC was my first uranium investment back in the day. They have a big gold JV resource in Tanzania and I suspect they will look to increase their share. They are consistently beating their timeline to decision to mine which is great. The stock is almost completely unknown.
Brilliant support for PGO.ASX
HIGHLIGHTS Oversubscribed Placement raising $8.5 million (before costs)
Proceeds to be used to progress the Coolgardie and Mount Bundy Gold Projects
Primary welcomes new domestic and international institutions and sophisticated investors to its register Primary Gold Limited (ASX: PGO) is pleased to announce that it has received firm commitments to raise $8.5 million (before costs) via a placement of 121,428,572 ordinary shares at an issue price of $0.07 each (Placement). The Placement will be made to both new and existing domestic and international institutional and sophisticated investors, and the Company is pleased to welcome new investors to its register. Funds raised from the Placement will be used to progress the Company’s Coolgardie and Mount Bundy Gold Projects and for general working capital. The Placement has been undertaken by Patersons Securities Limited (“Patersons”) as Lead Manager and will be placed using the Company’s 15% and 10% placement capacities under Listing Rules 7.1 and 7.1A. The Company is not aware of any reason why the ASX would not allow trading in securities of the Company to recommence immediately.
Well now MKO is no more and EAR looks to the future.....a HOLD at best IMHO
....IMHO they really need the likes of a Bullseye J.V toll deal ..... would be a huge plus if they were throwing a heap of funds and ore feedstock (1mpta) to BZW
I don't see EAR being able to fund or even have the reserves any time soon to feed 2mtpa+ etc ...this or next year ...but would be happy to be wrong>>
some numbers>>>>>>>>>
At present EAR is valued @ $61.5mill AUD
with a total Initial JORC Mineral Reserve of 68koz @ 2.4g/t
As we know they will be going cap in hand for as much of the 12.5mill+ to get BZW running ore ....Now I can't wait to see who comes forward ...I remember one of the best deals I seen for a High risk micro-cap ramp up miner was BOK with trailstone ....but that went real pear shaped after BOK didn't hit the numbers they promised and S/H went from 19c per share to admin ...
then of course EAR will need around 5mill in upfront mining costs before seeing a cent in earnings (also debt raising ?).....but first they need to drill up some decent Mineral reserves....as last company I invested in they didn't and just tried to run of resources on tight funding .not long after with so called 2koz p.m au production.Trading halt.."ADMIN"
IMHO 2017 will be a maker breaker for EAR forget gold production ....best outcome will be some great exploration results to give EAR some decent ore to produce though the refurb BZW plant 2018-19 and toll treatment deal to help feed the beast ...
so cash burn will be high next 12-16months 1mill+ admin - 17.5mill+ refurb /mining strip etc ..2mill+ exploration work >>>>>
Happy to sit on the sidelines .....certain many hurdles to jump
RVY has a MC of $16M or so and over a million ounces of gold in Tanzania. It also has a very promising Rare Earth project in Angola with first mover advantage in the country. If you recall Andean Resources you will be pleased to see Geoff Gilmore involved. I've got some of these in the bottom drawer. Their website has a new research report out that makes for good reading especially the rare earth potential.
IRC investment in RWD just got a Big boost with RWD up 40% at one stage today on
LAKE DISAPPOINTMENT (LD) PROJECT
CONFIRMED AS A GLOBALLY SIGNIFICANT
TIER 1 SULPHATE OF POTASH DEPOSIT
LD Drainable Resource of 153Mt of SOP @ 11.35 Kg
SOP/m3 of brin
Put some profits from RIR (cobalt) into GTE ( has some tenements next door)which has a whole suite of metal interests esp gold atm and not far from the bronzewing mill Download Document 6.38MB
ORR is going well, the chart shows a nice example of a completed inverse head and shoulders pattern. Best seen on a one year daily chart. This stock is completely under the radar and will re-rate as the timeline goals keep getting kicked ahead of schedule. Remember management are proven operators in Tanzania - EQN, OMC, MRU.
It's up 75% since the mid-December low and if gold keeps going we could be looking at some more gains to come this side of June. Indicators are positive as is volume.
I hold these and are one of my 2017 comp picks.
Some pain of late for the Goldies .....I see WPG down hard of late numbers should approve in the second half ..
Hoping IRC will finally get the toll treatment finalized and into production as the weather boom has put them back 6wks .... all up if they can have a profit of 8 mill before last qtr and add in some good exploration results my 20c target could well be reached and maybe passed by some if we have something great out news of the blue from the many JV ongoing ...
In talking with IRC Company sec the other day it does sound like EVN still want to hold onto the JV so should see some exploration started soon enough ...
Yes it's been a bad couple of weeks, but hopefully just normal volatility. XGD sector has had a great couple of days, the bounce could be underway now.
IRC broken through 12c resistance which has been an issue for several months ...has certainly been a major holders selling/capping 12c-11c... with largest volume this year last week I think we might well have taken him out of the picture ....and with all the announcements to come in the short term should well see IRC make an all time high past 16c>>> my mid year target still 20c+
BINDULI GOLD JOINT VENTURE DRILLING COMMENCES
HIGHLIGHTS
Joint Venture partner Evolution Mining Ltd (ASX: EVN) has commenced a 3,500m drilling
program at the Binduli JV gold project
Up to 67 aircore holes drilled to blade refusal are planned to confirm historic mineralisation
and explore for extensions
Holes to test targets south and along strike of Intermin’s operating Teal gold mine and
interpreted controlling structures
Drilling is expected to take up to 3 weeks to complete with results and follow-up plans to
be released as they come to hand
Under the terms of the Binduli Joint Venture Agreement1
, Evolution can earn 70% of the
project by spending $4.6M over 5 years.
GTE also good news with farm in by Sandfire PDF
And another GTE announcement PDF Soils identify 9 km Gold trend
Good turn around for WPG today on Qtr report >> looks good buying for a bounce to the SPP ....if only the Gold price would kick on
DRM (i bought recently) Mkt cap re $71 mill plus oppies etc. Eat your heart out NTL and no protestors on conservation land:).
DA VINCI DRILLING RETURNS 10.4m @ 45.2g/t Au AND 0.7% Cu
Da Vinci Drilling Returns 10.4m @ 45.2g/t Au and 0.7% Cu
Intercept of 18.1m @ 65.3g/t Au and 0.4% Cu from Deflector
Yeah been beaten up. Lessens risk somewhat but it all depends on the drill results which is a more risky strategy. DYOR
WA state Govt wanting to increase Taxes on Gold miners to affect 50 producers
http://www.perthnow.com.au/news/wa-b...db2cb4d078cd89
http://www.intermin.com.au/wp/wp-con...-03Oct17-1.pdf
IRC SP sub 10c latest analyst valuation target 32-34c
https://smallcaps.com.au/primary-gol...-gold-project/
Disc- Holding PGO and wished I purchased more
last hours for 2018 competition entries
IRC Holding up well @ 18c
Yes the market hasn't pumped the same hot air as we see in so many cash-strapped jnrs in the sector ...$8.5mill in cash HUGE drilling program ongoing toll treatment going forward keeping the cash flowing and company out of our pockets you can see why holders are happy to kick back and watch it unfold >>>If the MD can replatcate his PXG exploration success in the similar location then the market value will follow ....so far the drill results have us with three very promising projects along with muti J/Vs 120mill+(50c+) looks possible this year IMHO
http://quotes.ino.com/charting/histo...=15&a=50&v=d12
The POG retraces to the 50 day moving average then bounces up from the MA. Usually a strong signal.
Thanks for that, spot on. Good uplifts today for my Goldies, DRM being the best up 9% on open.
no might sell a few mid-year if it reaches my target 40c+ SP ... think selling at these levels is very stupid with coming up
Coming Up:
-Drilling commencement and presentation at the RIU Conference
-Updated resources for the Anthill gold project and Richmond Vanadium project
-Metallurgical test work results from the Richmond Vanadium project
-Completion of Teal stage 1 and 2 and final reconciliations and financial results
-New drilling results from the 2018 program
drm is going great recently, the ship might finally turn around.
Gold still rising, just $4 off the high for a year, now $US1363.50 oz.
DRM looks great T/A wise too after a 2 year fall, its hitting a real sweet spot with AISC dropping into the $800 + an oz prob in the lowest cost zone for aus. Just hope a flood or serious mill failure etc doesn't bring it down yet again. Looking good for most producers atm and a rising tide will lift......... Rather be in a producer though atp.
My other holding PGO in Trading Halt(T/O offer merger coming ??) ..anyone else holding one of the most undervalued Gold shares on the ASX 2moz resource Vs 23mill market value
Well done on predicting the T/O on PGO
IRC breaking out ...stale old holders running out of shares and we have major Ann’s coming near on weekly for the next month then the biggest Ann around Richmond Vanadium project is one of the worlds biggest going to be able to be commercial mined so 30c to 70-80c short term outlook imho
An under the radar company with a very promising gold project is APC, primarily a Potash explorer/developer, but have some tenements around GOR in the Yarmana district in WA, a very prospective area with little exploration until GOR found over 6m/oz.
A short term play for the drilling program this upcoming quarter, if GOR are spending some 20m greenfields exploration in the area, and APC drilling 23,000m any high grade results and this should fly. I see Yandal Investments also has a blocking stake in APC too.
https://stocknessmonster.com/announc....asx-6A873682/
GOR i expect to slowly incrementally rise as it nears production, APC could double + with a successful drilling program within the next quarter.
Disc - hold both GOR and APC
After some research today I purchased some WWI shares
Looks very good buying on 97 JORC if they can upgrade to latest JORC they could well command 10moz+ 2g/t gold resource ..not bad for a 15mill marketcap ... also in toll treatment earning 250k net cashflows per month in 50/50 deal over next 14months+ with upgrade in production from extra pits
https://westwitsmining.com/
Took up a few today would like to build a sizable holding
Took a punt on BLK a while back.. today they announced quarterly results, which looked pretty good to me, and the market hammered them, shares down 18% and options down 28%. I think i have a lot to learn.
well, hopefully, you got in at a much lower price ....BLK looks pretty solid from what I've heard and most likely is just a healthy blow off with profit takers stop losses overwhelming over stretched Buyers ...I wouldn't stress unless BLK results were rubbish
Same happen over at IRC we went from 9c to 24c on fundamental results with a spike to 30c then back down to 23-24 and last week on no news smashed down to 18.5c at one point ...and this is on the back of some pretty good results of late across operations... I now see the SP is firming and sellers retreating like I've seen a hundred times before....very likely IRC will trade much higher weeks ahead...as will BLK unless of course GOLD is crashing etc
Single most important aspect for many to learn is to drop the emotional effects of the SP movement and value change ..replaced with a more fundamental outlook aka is the company going where I predicted on results to date if yes then short-term movements are just noise without true backing action
Definitely, look at ARV i bought in at 7.5c, sold for a decent profit in 20's only to see it soar on hype to 50c, its now back around 16c.
APC announced a research report yesterday, target price for Hartleys 36c, APC closed last night at 10.5c.
Got to back your research and judgement, the market will do whatever it likes on the day...
Dear All
Please find below the link to our latest announcement, an update on our JVs and royalties.
Intermin has several JVs in place on 100% owned tenure in Western Australia and Queensland covering commodities including gold, vanadium, molybdenum, nickel, copper, zinc and PGEs. Collectively, our JV partners can earn - in up to 65%-75% on the projects by expending A$20m in total over the next 3-4 years.
All JV partners are actively advancing the projects with the exception of Evolution Mining who have elected to withdraw from the Binduli gold JV. Binduli now reverts 100% back to Intermin and drilling will commence in the current Quarter at the Coot, Crake, Darter and Honey Eater prospects.
AXF Vanadium have recently committed to the second expenditure commitment of A$5m to earn up to 75% of the exciting Richmond Vanadium project in Queensland. Metallurgical test work is ongoing in China with first results on ore pre-concentration expected in the current June Quarter.
EGS have commenced drilling at Menzies, Saracen and Mithril will commence drilling next Quarter of their respective JV areas at Lehmans Well and Nanadie Well.
In addition, we hold a A$0.50/t royalty over Norton Gold Fields Janet Ivy Mine and surrounding Mining Lease. First royalties were received last Quarter with over A$700,000 expected in 2018 from their treatment schedule.
As we focus on building a mid-tier gold business, our JVs provide shareholders with exposure to multi-commodities in several different regions and we will continue to support our quality JV partners and participate further as the projects advance.
To view the announcement, visit our website at www.intermin.com.au or click on the link below:
Click here to view announcement
Coming Up:
• New drilling results from the 2018 program at Teal
• Metallurgical test work results from the Richmond Vanadium project
• Completion of Teal stage 1 and 2 and final reconciliations and financial results
• Further drilling results from Teal and Anthill
• Goongarrie Lady Feasibility Study
• Resource updates from Teal
Regards,
Jon Price
Managing Director
INTERMIN RESOURCES LTD (ASX: IRC)
West Wits Mining (WWI) 2.5c
The gold minnow has taken a unique approach to the rush in the Pilbara to find the equivalent of South Africa’s Witwatersrand, a region that has produced 40 percent of the world’s gold.
True, West Wits has joined the throng pegging ground in the Pilbara, where watermelon seed nuggets lie waiting to be kicked with a Blundstone just below the surface.
But the company’s main pursuit of Witwatersrand mineralisation is in the actual Witwatersrand Basin, where it owns a producing open-cut project with a local partner.
As far as we can see, that makes West Wits the only ASX-listed stock with projects in the ‘real’ and ‘fake’ Witwatersrands.
Until recently, West Wits fortunes lay with a project in Irian Jaya (West Papua) called Derewo. While it’s still on the books, the venture stalled because of problems with the local partner, a common refrain for an Indonesian project.
West Wits’ Witwatersrand Basin Project (WBP) was mined by giant DRD Gold up until 2000, producing 41 million ounces at an average five grams a tonne gold over six conglomerate reefs.
But a sagging gold price and concerns about the post-apartheid political climate meant that DRD (as well as other majors) scurried elsewhere.
“They just opened the doors and ran, leaving 30,000 mine maps covered in owl poop,” says executive chairman Michael Quinert.
To date the open-cut phase has been a simple operation based on a contract miner and a toll treatment arrangement.
But it’s been a handy source of cash, generating $300,000 a month compared with the targeted $200,000-250,000 a month.
To supplement its current resource of 3.26 million tonnes West Wits has identified 17 open pit and underground targets, initially focusing on two.
West Wits also sits on two Pilbara projects, Tambina and Mt Cecelia which – you guessed it – “show similarity to the famous Witwatersrand gold deposits.”
Tambina has three granted mining licences and management is pondering a mining start up later in the year “once the geology team identifies suitable conglomerate-hosted targets”.
Meanwhile, investors can expect the small-scale South African stuff to fund the company for the next 12-15 months.
But the company is confident of finding more, citing an exploration target of 25,000-40,000 ounces. It harbours plans to be an eventual 100,000 ounce a year producer and we guess there’s nothing wrong with reaching for the stars.
While many miners have shunned South Africa because of its political and economic uncertainties, new Cyril Ramaphosa was sworn in without incident last month.
The Nelson Mandela associate is making the right noises to the business and mining community, although there a few nervous white farmers feeling less than comfortable and relaxed despite Peter Dutton’s pledge of support from across the seas.
While West Wits is generating useful cash, with production and cash flow in January and February in line with internal targets.
West Wits’ $10m market cap (including $2m of cash) looks cheap in comparison weith peers such as Stonewall Mining (SHJ), which has a three million ounce resource project in South Africa and is valued at $30m despite not yet being in production.
The king of the Pilbara stocks, Artemis Resources (ARV) is valued at $122m ahead of its plans to drill a super-deep hole of 3300 metres in its Balmoral tenement package.
This program is expected to provide clarity on the geology of the much-hyped Pilbara Witwatersrand story. In the meantime, the stock is in trading halt at the behest of the ASX.
Artemis and Canadian partner Novo Resources sparked the new-age Pilbara rush by finding ‘watermelon seed’ nuggets at its Purdy’s Reward project south of Karratha.
Hows your Goldies going fellas? Many producers been tracking up nicely, DRM now following EVN and NST (not juniors)which had gone up much earlier. My explorer/ developers still in the hole though.Gold looks to be off a bottom on the 3/7 @ re $1238 oz. now US$1260 oz.
Not much love with my lot ...but I'm confident that will change over time and certainly before the years out...
Waiting for quarterly results for BLK, hopefully this week, and hopefully kicks me back to where i bought in or above.
http://www.abnnewswire.net/press/en/...ect-93783.html
Perth, July 10, 2018 AEST (ABN Newswire) - Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce excellent initial reverse circulation ("RC") drilling results from the 100% owned Binduli gold project, located 9km west of Kalgoorlie-Boulder in the heart of the Western Australian goldfields (see Figure 1 in link below).
HIGHLIGHTS
- Initial resource drilling completed at the 100% owned Binduli gold project area, 9km west of Kalgoorlie in the Western Australian goldfields
- To date, assays have been received from 25 Reverse Circulation holes or approximately half of the current program
- Significant downhole intercepts received to date from the Crake prospect include(see Note 1, 2 below):
o 28m @ 3.30g/t Au from 56m including 4m @ 15.10g/t Au from 64m (BRC18020)
o 20m @ 4.57g/t Au from 68m including 8m @ 8.38g/t Au from 80m (BRC18043)
o 28m @ 2.43 g/t Au from 104m including 8m @ 5.87 g/t Au from 124m (BRC18024)
o 36m @ 1.19g/t Au from 52m (BRC18034)
o 4m @ 3.24g/t Au from 48m, 16m @ 1.24g/t Au from 76m and 4m @ 1.29g/t Au from 108m (BRC18027)
o 18m @ 1.75g/t Au from 72m (BRC18029)
o 16m @ 1.81 g/t Au from 32m (BRC18033)
- Results show significant gold mineralisation over a 250m strike length and remains open along strike and at depth
- The geology is dominated by a large porphyry intrusive with significant zones of high grade gold mineralisation at relatively shallow depths
- Crake one of five high priority prospects at Binduli that have had limited drilling and remain relatively untested at depth
- A total of 5,000m was planned within the project area with 1m splits and further assay results expected in July and August
- Follow up drilling planned for the September and December quarters
- Binduli now joins Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new discoveries
Commenting on the results of the Binduli program, Intermin Managing Director Mr Jon Price said:
"To be intersecting excellent width and grade at relatively shallow depths in our initial program at Crake is extremely encouraging and we look forward to receiving the remaining assays from the drilling program in coming weeks and compiling an initial resource model."
Yes yet another promising project for IRC thats now 4 major Gold projects that all have potential to be put into production>>
Enjoying going over the latest Analyst reports and roadhouse article
https://www.intermin.com.au/wp-cont....-July-2018.pdf
https://www.intermin.com.au/wp-conte...rch-Report.pdf
Some pieces I esp like>>>
"We believe the Anthill project has the potential to be in production in 2020. The completion of milestones towards the development of the project should create significant additional value"
“We are working to grow the business to where we want to see ourselves in 18 to 24 months, holding emerging mid-tier status producing 100,000 ounces per annum, with a four to five-year mine plan,” Price said.
"December quarter will be all about new discoveries at Blister Dam where the company will be drilling an area not drilled since the 1990s. “There are not a lot of drill holes below 80 metres and where we have started to put some tester holes we are already hitting some very good grades,”
“The 25,000 metres of drilling at Teal has indicated four multiple, parallel structures sitting within a six-kilometre strike window,” Price continued. “We now know this is a very big system, from which we expect a continuous flow of drilling results and Resource updates and mine planning as we look to understand how big this system is, particularly at depth.”
The management team is highly experienced in mining development and the exploration of gold projects. We believe the company is well placed for the successful development of its projects. Given due diligence and valuation estimations based on discounted cash flows, we believe that Intermin’s fair share value lies between AUD 0.454 and AUD 0.482.
Be more than happy to see 45-48c pre MAR19
Geez is bloodbath in the jnr-micro cap ASX Gold sectors while the AUD GOLD price is less that 10% off its all time 2011 highs ____work that one out !!!!!!!!!!!!!!!!!!!!!!!
Yeah even my top ranked producers NST and EVN with Aus mines with GREAT margins have not escaped, its right across the board now , on my watch list anyway.Any exceptions out there?
DRM
100,000oz Da Vinci High-Grade Resource
These discoveries underpin Doray’s Target 1-5-1 strategic goal to deliver increased and sustained value for shareholders by:
Increasing annual production to 100,000 ounces Au; Extending Deflector’s mine life to at least 5 years; and Reducing AISC to less than $1,000 per ounce Au.
Anyone here done their research on CHN?
- Drilling to start soon near Kirkland Lake's rich Fosterville mine in Bendigo
- Drilling to start in January 2019 on trend of multi-million oz deposits at project in Quebec
- Proposed capital return of 4 cents a share to shareholders which will still leave them with +$20 Million in kitty
- Vanadium project in QLD
Have held before, bit stumped at the capital return surely you would progress projects, extra drilling etc than give cash back. They also hold 10% of AUC:ASX.
Needs a discovery in Canada to get publicity/interest and on the radar, given the market ascribes little value to their projects.
Looks like IRC and MRP will merge more details to come early next week .. as I'm holding large IRC position I'm waiting with bated breath on the finer details .. I think it will be MRP to merge with IRC and will see MRP get 1 IRC share for every 1.5 MRP well thats my hope
AUD Gold $1785oz ... I see record highs during 2019 >>
My current Gold plays - IRC - WWI - EAR
IRC 13c sadly has really disappointed me SP wise and results just haven't really been good enough to spark any interest at all .... low volumes traded.. I really believe this should well change during 2019 on the back of lower AUD/USD and higher GOLD price ... low energy costs great time to start another toll treatment operation... the MD was talking up 1moz target end of the year we has been missed by some margin hasn't helped ...I have taken some profits of the table here to transfer into the other two I have invested in>>
WWI-Make or break 2019 I'm counting on the former ... Upside if we secure mining license over the whole project(mid year predicted) is HUGE 10x bagger potential but thats of course as Risks are very high being main asset is in South Africa... has some nice Pilbara land that is being surrounded by RIO land buy-up recently..trying to averaging down with another low ball purchase ... market value 7mill not much more than the average micro-cap exploration program like IRC for 2018
EAR-I just keep buying like NST has been .. all goes to plan will be producing GOLD bars 100koz pa target later in the year ...predicted free cashflow at current .... IMHO Buying EAR at current values is like when I was buying RMS @ 4-5c share .. I have the same gut feeling this will return huge share price upside
ASZ 2019 competition closing in few hours
Really stoked with EAR was always a screaming buy ...just crossed 100% on recent 12c purchase ...(funds from NKP 9c sale)
I still see EAR heading past 30c on updated DFS + finance next couple of months ...
Did recently sell the BULK of my IRC long term holding as I just didn't see as much short term upside .. I now see IRC as a great BUY if they can secure FML 1.2mtpa plant and with the MRP merger should command 100mill market cap and be cheap at that ...still will wait to see how they plan on funding the 40mill they need to take the FML project ... could well drop on major CR
WWI -My high risk 10 bagger not doing much but as we heard from recent QTR report toll treatment grades lifting so should be seeing monthly profits thanks to new mine mgmt.... 8c close crazy 7mill marketcap if we can see profitable operations from 2Q and ML granted WWI will muti bag ...mgmt funded 80k of recent raise ..
My newest gold play CHN cashed up explorer with huge gold targets getting drilled at present ...quality mgmt...lowest risk explorer with such a lowEV
Sold spekky explorers GTE for a loss and AMG for a profit. AMG could be a bit of fun for short term traders but its risk off for me atpit.
DRM hoping to double bag on this , not too far away, depends on the integration with SLR (and the Gold price of course).
Yes, end up taking some profits on another company and in turn buying up some CMM I agree a T/O or asset sale is coming soon with mgmt changes 12c+ ..
EAR looks to be over its breather and surged on Friday (much like the AUD Gold Price)
WWI make or break for many holders .. minor ML within the next month or watch it drop 20% or even further .. HUGE UPSIDE if they can finally turn toll production into $200k+ profit targets
IRC not much on the exploration front 2019 all about merging and buying FML Coolgardie project ....long term hold for me
CHN - shouldn't be much longer till exploration results are released ... some talk around Kirkland J/V which would be HUGE
AUD GOLD looking very positive with RBA talking about rate cuts will see the AUD/USD move past $ $2000oz
IMHO 2H19 will be ASX gold investor dream with many muti-baggers around the index