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hey i found this info on AFA
looks good, i posted it here so you guys can take a look
Afri-Can Marine Minerals Corp. (“Afri-Can”) is a Canadian exploration and development company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can is one of the largest marine diamond concession holders in the area with interests in 25 exploration licenses, covering 23,500 square kilometers. The northern concession is located near Luderitz and the southern concessions are located near the mouth of the Orange River. The Corporation's large and prospective license holdings, together with its growth strategy, place it as the partner of choice for Namibian Empowerment Groups.
Afri-Can’s northern concession, the Woduna (Block J) concession area, is adjacent to a region where Marine & Coastal has estimated inferred diamond resources exceeding 4.25 million carats.
The Woduna (Block J) concession area represents Afri-Can’s near-term production potential. Analysis of the combined data from both phase 1 and phase 2 sampling programmes by the Afri-Can technical team concluded that the diamondiferous nature of Feature #8, has been confirmed, and the extent of the mineralization has been well defined within the area sampled. Follow-up phase 3 sampling is designed to determine the continuity of mineralization along and across the features, establish sufficient quantitative data to support an inferred resource and establish preliminary data on potential mining economics.
Afri-Can's large southern marine diamond concession block (the Namibian Gemstones concessions) is adjacent to De Beers Marine’s rich concession areas and represents Afri-Can’s longer-term project area with the largest potential. Recent estimates place De Beers’ inferred marine diamond resources at 8 million carats. Afri-Can has a 60% interest in the Namibian Gemstones concessions totaling 22,500 square kilometers. Under an option and joint venture agreement entered with Namibian Gemstone Mining Corporation (Pty) Limited, Afri-Can has the option to acquire an additional interest of up to 20%. An initial geophysical survey covering 41% of the concession identified large areas of eroded bedrock and abundant features typical of areas where diamonds are concentrated elsewhere in the Namibian marine zone. The Company will initiate a grab sampling program followed by a detailed geophysical survey on several priority areas in order to estimate the size of the potential resource.
In a short period of time, Afri-Can has succeeded in consolidating a large and prospective offshore marine core asset in Namibia, the world's fifth largest diamond producer by value. The Company is now well positioned for an exciting period of growth and development.
hey AFA looks like it may move up quite a bit in the near future, especially since there is practacally a 100% diamonds where they are at!
Is it that easy? It's a good question. If this is the bottom of the most recent pullback (0.32) then it's time to start picking up the stock again. I sold some off at 0.40 and am now picking back up at these levels. By selling off almost half of my position at 0.40 and picking it back up again at the 0.32 0.33 level I'm bringing my cost down to almost nothing. This is a stock that can be traded. Don't be afraid to sell high and buy back as it drops ....remember your bringing your cost per share down every time you do it. Sounds easy and at least with this company it has been to easy. Remember to always keep a position on just in case she goes for a real run.
Cheers and see you next time over 0.40.
I have been doing a bit of research on Namibia.
Namibia is the world's fifth largest diamond producer by value and is a leader in the field of offshore diamond mining
Namibia is world-renowned for its gem quality placer diamonds that occur along the Orange River as well as, onshore and offshore along the coastline of Namibia (Diamond Map (368KB)) The Namibian diamonds were originally transported via the Orange River into the Atlantic Ocean and distributed northwards by long-shore currents. Diamonds typically occur as placers within raised and “drowned” beach terraces, gullies in the bedrock, and eluvial deposits in wind corridors within southern Namibia. As onshore diamond reserves are depleted, future diamond production will predominately come from the seabed. Mid-water to deep-water mining operations requires sophisticated marine vessels and crawlers that are capable of retrieving diamondiferous gravels/sands from the seafloor.
Found this Here:
http://www.ippr.org.na/aboutnam.html
And Here:
http://www.mme.gov.na/gsn/diamond.htm
looking good...up and atom
Still moving higher. This stock has real wheels. Buying on a little pullback seems to be the best way to trade this stock, however if you sell and there is no pullback you are going to miss the big ride. Always keep some for the big ride.
Yep.....today is a holiday for us............
Sweden here. All across the Atlantic. You have Victoria Day today, right??
Canada....what part of europe r u in? how did u hear of AFA?
Nah, Europe.
U?
U in Canada?
I wish us both Good Luck!
I think you will be find. Funds in Europe ahve been buying AFA in large amounts. Hopefully the smart money is right. Me? I have been in since .18.
It's high, 0.31. Started buying at 0.16. a big chunk at 0.40 the other day. I think you have a much better average!?
I think I will get rid of most of it after the upcoming press release. Unless it's extremely good. Taking at least the profit out of the game, IF it remains a profit after next update, lol
Good luck!
That is a great position...what is is your average price.......?
Me? Yes, have 91 000 shares. I am sweating my pants of. In way over my head. If this thing gets huge, so long bosses at work!!
If it doesn't, then it's so long life
GL
Are you in the stock?
Big news pending here...........the reserve numbers could be huge...........
Wouldn't mind a reserve of som +5M Carats. Weeks away:)
looks better man
.<font color=platinum>IBOX Updated -e-
canada sickness u have not seen anything yet.......... $$$
another great day of trading for AFA....this time more believers than none. I accumulated my shares back and am now comfortably positioned for the next move.
Canada sickness, disturbing.
what do you make of the crazy moves on the stock?
just like we thought .335 last :))))))
Exactly. The buying out of Europe has taken alot of stock out of the market.
yup, chart says its buy time again. This sp is looking like it may reclaim its legs.
The stocks has filled the gap and should be ready to resume its climb
This was posted on AFA on stockhouse.com
Read and you will see why all the action is happening.
For newcomers :
Afri-Can Marine Minerals - AFA - calculation example of their diamond project :
http://www.afri-can.com/
http://media.richmondclub.com/Luncheon/Afri-CanApril1107_files/Default.htm
Disclaimer : I take no responsibility whatsoever for any errors, bad conclusions, important facts missing etc that might affect my analyses and their readers in any respect, but I always try to keep the facts accurate, as well as the calculations with their usually simple mathematics. Sometimes even the companies analysed deliver false information which could be impossible to detect for me and many other interested parties. In general I trust the corporate information and use it for my analyses. The future can´t be predicted 100 % and the stock market in particular is associated with considerable risks on the company level, but also on branch-, country- and world market level, implying that each person has to take their own full responsibility of the consequences of buying this particular stock.
Do your own due diligence !
Calculated 2007 stock price potential CAD 2.19 , CAD 0.235 April 20 close
Afri-Can Marine Mineral´s Resource Development Manager has 32 years of experience in positions at De Beers, with 11 of those years as their Geological Manager. He lead the teams that discovered major diamond deposits on the midcontinental shelves off South Africa and Namibia.
Finding and recovering marine diamonds off the coast of Namibia has growed to a commercial industry beeing less than two decades old. Geologists estimate that there are over 2 billion carats there, of which only a few percent has been found and recovered so far. A slight decline in world diamand production from mines is forecasted to 2015, while the demand will continue to rise, helped by the fast growing economies of China and India. Around 95% of the Namibian marine diamond production is of gem quality, with the world's highest price per carat.
Thus the fundamentals constitute a splendid base for a company like Afri-Can Marine Minerals.
Afri-Can Marine Minerals NI 43-101 report estimates a total diamond potential content to up to 1.6 million carats on about 25% of the mineralized area in Block J . The company has a 70 % share of Block J and has found presence of two big deposits that contain diamonds of the same quality as its neighbouring competitors’ deposits. The deposits are of comparable size to the largest deposits exploited in the neighbouring geological environment. Diamondfields and Namco have delineated Inferred Resources of 4.1 million carats in a fluvial-aeolian deposit of the same size as the AFA discovery in their Block J. De Beers and Namdeb have resources of 8 million carats in a gravel waves deposit covering twice the size than the one discovered in Block J. On one of De Beers´ deposits of supposed similar caracteristics AFA has concluded that the cash costs are only around USD 30 per carat, whereas the price of the stones could be 10-fold, indicating a superb gross margin around 90 % for this type of operations.
In april-maj 2007 we are expecting the results of the quantitative sampling program. The objective is been to establish mineralized resources in three defined deposits and to conduct trial mining over the identified area. The complete program for the main three targets was designed to carry out a geophysical survey covering 3,100 line kilometers and to extract 319 samples of 10 square meters.
Let us assume that the potential content to up to 1.6 million carats on about 25% of the mineralized area, which has been the indicated potential from two earlier samling programs, will be realized in the upper end and that there are 4 times that figure on the whole (100%) mineralized area, with an assumed value of USD 276 for each carat. This accounts only for the near "surface" and therefore there might be a potential for further "deeper" findings also not included in this calculation.
I assume there will be 180 million fully diluted shares in the future as a calculation base covering more capitalization via PP, USD=1.13 CAD and a 50 % profit margin after taxes. Furthermore I assume revenues of USD 276 per carat, and that the production time will be around 10 years with all profits averaging 6 years from now.
Then the net present value would be around CAD 1.13 x 0.7 x 0.5 x 6.4 x 276 /(180(1.1 ^6)) per share in a quick estimation discounted with a yearly 10 % rate of interest, thereby resulting in a net present value potential of CAD 2.19 per AFA share.
This means that the AFA stock should have a potential to rise over 800% , if such a possible diamond discovery of 6.4 million carats is confirmed on Block J.
With smaller resources or reserves, AFA should have a proportionally smaller potential or there around according to this simple calculation, since in such a case the overall profit margin after tax also might decrease somewhat, but on the other hand the weighted average production time should also decrease thus elevating the present value/carat. I assume that these two factors approximately neutralize each other.
Thus roughly, in analogy with the above, you may calculate the Approximative net present value of the AFA Stock Price Potential known as AAFASPP(r) as a function of the future reported AFA diamond resource, r, in million carats as
CAD (r x 2.19 )/6.4 or around CAD 0.342 x r
Thus AAFASPP(r) = CAD 0.342 x r
which hereafter is named as my AFA-formula, version (1.1)
Afri-Can Marine also has a 60% interest in the Namibian Gemstones concessions of 22500 square kilometers, with an option to buy an additional interest of up to 20%. An initial geophysical survey covering 41% of the concession identified large areas of eroded bedrock and abundant features typical of areas where diamonds are concentrated elsewhere in the Namibian marine zone. The Company will initiate a grab sampling program followed by a detailed geophysical survey on several priority areas in order to estimate the size of the potential resource. The probably big value-adding potential of this concession thus is not included in the calculation above, at this stage.
The risks and uncertainties are obviously very high in AFAs case. The calculated potential is not the fundamentally based expected fair value of the AFA stock, i e a 2007 stock price target, but just a stock price potential which is very much sensitive to the real magnitude of the diamond resources or reserves (as shown by the ”AFA-formula”) which are yet not known to the stock market. Anyhow I find that AFA could have an extremely attractive risk/reward-ratio, maybe of a similar magnitude as in the TAM case recently before their stock price tripled in just a few weeks ! In that case though the value of the property was known already before the "take-off" making TAM a little more obvious and less risky revaluation case in my view.
Anyone with other input data can, as always, change these figures easily and do their own rough, simple and I think very useful calculations for an absolute and relative stock valuation purpose.
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AFA........diamonds = big profits...........
Hey Brodan, come share your DD of AFA on our newly Canadian Stocks Board we'd love to hear your Canadian picks too ;) Cheers
http://www.investorshub.com/boards/board.asp?board_id=9190
Still holding the 0.34 cent level. Is this going to be a consolidation level??? So then what will the next level be? A break above 0.40 would solidify thing nicely.
Cheers
0.335 to .034 on 2.5 million shares traded. Not bad for a junior. This company has the potential to hit new heights in the near future,.
nice close............. .29
We are looking great here ..... :)
Going to open @ .30 today..............
3.427 millions shares trade with a new 52 week high of 0.325. Still on the move. This company is showing its potential with more to come.
As far as I can tell the stock has performed fairly well. If you were smart enough to speculate under 0.20....which I still think was an easy play, You should now have quite a decent profit potential in your hands. If you don't believe in the company what are you doing buying it in the first place. If you have hesitation at this price take some profit, but be for warned that I have often sold into strength to find myself looking back at lost profit because I sold to soon. Just thought I would share my thoughts with you all.
.265 X .27 --------------- Crazy
My first AFA - (rough) calculation example :
Disclaimer : I take no responsibility whatsoever for any errors, bad conclusions, important facts missing etc that might affect my analyses and their readers in any respect, but I always try to keep the facts accurate, as well as the calculations with their usually simple mathematics. Sometimes even the companies analysed deliver false information which could be impossible to detect for me and many other interested parties. In general I trust the corporate information and use it for my analyses. The future can´t be predicted 100 % and the stock market in particular is associated with considerable risks on the company level, but also on branch-, country- and world market level, implying that each person has to take their own full responsibility of the consequences of buying this particular stock.
Do your own due diligence !
Calculated 2007 stock price potential CAD 1.46-2.44 , CAD 0.235 April 20 close
Let us assume that the "potential content to up to 1.6 million carats on about 25% of the mineralized area" is realized in the upper end and that there are 4 times that figure on the whole (100%) mineralized area, with a value of USD 276 for each carat. This accounts only fore the near "surface" and therefore there might be a potential for further "deeper" findings also not included in this calculation.
Assuming there will be a heavy stock dilution to 200 million fully diluted shares in the future as a calcution base, covering further capitalization via PP, the gross value per share would be around CAD 10.0 (assuming USD=1.13 CAD)
I have no precise idea of the total production time, but let say it takes as much as 15 years. Then the present gross value would be reduced to around 4.88 CAD/share in a quick estimation assuming all value in average being 7.5 years away from now and discounted with a yearly 10 % rate of interest.
The profit margin after tax should be somewhere within 30-50 % in my rough estimation, thereby resulting in a net present value of CAD 1.46-2.44 per AFA share right now.
This means that AFA could be a 6 to 10 - "bagger", if such a diamond discovery is confirmed this year.
Even half of that or 3.2 million carat, thus would make AFA a prossible 3-5 "bagger" or there around according to this simple calculation. In this case the overall profit of margin after tax might decrease somewhat, but on the other hand the weighted average production time should decrease thus elevating the present value/carat.
The risks are obviously very high in ADAs case. Anyhow I find that AFA must have an extremely attractive risk/reward-ratio, maybe of a similar magnitude as in the TAM case recently before the TAM stock price tripled in just a few weeks ! (In that case though the value of the property in the ground was known already before the "take-off" making TAM a little bit simple case according to my judgement)
It refuses to go down.........
trading at 0.22 cents again. Another positive move for AFA. Good volume continues the move higher on the company.
Nice close on AFA @ .22.............up 7%
something is up here :)
volume is amazing, stock should start to climb as all this paper is absorbed.
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