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Wendell Zerb, Canaccord Genuity (6/10/11) "Kimber Resources is currently advancing its 100%-owned Monterde Au/Ag project in Chihuahua, Mexico, toward prefeasibility (due in Q411) and it continues to target the potential high-grade gold and silver mineralization to depth and to its Carmen deposit. . .we believe the company remains undervalued; based on current fundamentals and the new successes of the deep drill program, we have again increased the value we attribute to exploration upside from $22M to $30M."
The Gold Report Interview with David Goguen (10/31/11) "Kimber Resources Inc. is a good example of a discovery from the early 2000s that is going through a process of derisking. It is currently drilling to expand the resource at their Monterde project for inclusion in a revised NI 43-101 resource calculation. The new data will be incorporated in a prefeasibility expected in Q212. The prefeasability will effectively assist in derisking the asset and leaving the company open to possible acquisition or decision to go it alone. There are a number of existing producers in the Sierra Madres for whom this asset would make a good fit. Kimber's Monterde is profiled to produce 60 thousand ounces gold and 1.9 Moz silver per year for about 12 years. The capital costs there are going to be somewhere in the order of $125M. It's the typical profile of a small, yet executable, profitable, low-risk acquisition that companies can achieve without getting involved in an extremely competitive process on overly sought-after assets.
Kimber is gaining a better understanding the geological controls at depth and making some discoveries on its Monterde deposit in the Sierra Madres below the 400m level. It is encountering high-grade, multi-ounce material and opening up the specter of a significant increase in the deposit size. This puts a little fire under any potential acquirers to make a move as Kimber exhibits the continued propensity for new ounces at the Monterde project."
The Gold Report Interview with David Goguen (10/31/11) "Newstrike Capital Inc. in the Guerrero Gold Belt of Mexico has acquired a resource from Goldcorp that was north of 1 Moz at the time of acquisition, but has grown that through an extensive drill program. It is probably north of 3 Moz now. It has also benefited from the discovery of high-grade breccia material proximal to the mineralized intrusive body itself. That higher-grade breccia material may very well represent the starter pit material that will provide for some early project payback and thereby impact the project economics positively. Given some of the existing producers in the area, there's a ready audience of companies with operating competencies that would see this as a very logical opportunity.
. . .The exploration team in Mexico has been exploring in that region for over 15 years. They have a good understanding of the geology and a good understanding of local relations. The control of the company largely rests with companies related to Lukas Lundin. Lukas is no stranger to surfacing value in corporate transactions. The company benefits highly from his involvement. Richard Whittall, as president and chief executive, is also guiding the company's pace of exploration well and is great at communicating its story to the capital markets."
Nice to see Sprott increasing their position in AUMN.
Sprott increases AUM holding to 1,277,700 shares - up 425,000 shares
http://www.sec.gov/Archives/edgar/data/1011509/000127700611000033/goldenminerals13gasep11.txt
Nice to see Sprott increasing their position in AUMN.
Sprott increases AUM holding to 1,277,700 shares - up 425,000 shares
http://www.sec.gov/Archives/edgar/data/1011509/000127700611000033/goldenminerals13gasep11.txt
Nice to see Sprott increasing their position in AUMN.
Sprott increases AUM holding to 1,277,700 shares - up 425,000 shares
http://www.sec.gov/Archives/edgar/data/1011509/000127700611000033/goldenminerals13gasep11.txt
60$ ouch....
Bleeding without a pause.....
AUMN.
500M silver once for 180M$
Thank you man, we need news flow here......
Should we jump in SWC or it's too late ?
NYBob you're the mod here...
We need your input, please.....
We're suffering......
Beware, OPTT was a Lebed pump.
I wouldn't exactly say ECU was a merger of equals, even though they got half the company. ECU was a HUGE resource base in a good jurisdiction and near term production. I think AUMN really "stole them." Velardenas will have modest production next year, but when expanded will be a very robust producer. This is the cash flow engine a company like AUMN needed to develop a world-class asset like El Quevar.
Speculative? Yes if you bot high, and using "conventional wisdom," but I tend to think this IS a SURE THING at $7. There is no way this stays at this price once production ramps up and El Quevar starts to show what a world-class ore body looks like.
I'm with you on issuing stock at a 52 week low. They had $85M end of Q2, so I think they could've waited for market to recover, but maybe they thought they needed to cash up a bit more "just in case" capital markets really sh*t the bed next. In any case, they went from 34M shares to 38M shares. It's not the end of the world. Most companies would kill to have this resource base and only 38M shares. You can count the number of companies with this large a resource on ONE HAND with < 100M shares outstanding! Let's see: Randgold, Detour, CDE (1:10 reverse split LOL), uhhh, ok now I am drawing a blank... GORO only has 53M shares, but I don't think they really "count" without a 43-101 yet, although they have a lot of lightly drilled high-grade and I'm sure they will prove up more eventually. Bottom line: these are all big time billion dollar outfits. AUMN isn't YET.
AUMN seems to have priced in complete disaster. There are a lot of catalysts: updated El Q resource, ramping up and expanding Velardenas, continued drilling success at El Q, cash flow at V next year. Not sure how far away a PEA on El Q is, but it could be a doozy by then, especially with silver prices heading higher than $50. Don't believe all these IDIOT brokerage houses who are calling for $25 long term silver. They are F*CKING MORONS. They are NEVER EVER RIGHT about long term metal forecasts. These douche bags are more useless than a bag of dick hair. It's comical to me. They couldn't find their ass with both hands. Their HORRENDOUSLY WRONG CALLS are a JOKE! When gold was $700 it was going back to $500. When gold was $1000 it was going to back to $700. When gold was $1200-1300 it was going back to $1050. Their opinion on silver price is about as good as Oprah or Dr. Phil or Lady Gag-me. Doesn't it occur to everyone these guys are PAID LIARS?!?!
I don't buy companies based solely on being a takeover candidate, but let's face it, AUMN fits the bill for ANY senior or midtier silver miner. Take a company like First Majestic. They are a class act. Fact is, AUMN would DOUBLE AG's resource and provide a pipeline that could double their production as well. And trading for 20-25% First Majestic market cap. Can't get more strongly accretive than that. Another possibilty: cash-rich, cash-flowing giants like PAAS CDE or Hochschild could come in any buy this for CHUMP CHANGE. They'd be stupid not to. Mexico and Argentina are among the best places these guys operate in too, so that's a bonus. Wouldn't be surprised if someone came in with a lowball bid and a counterbid emerged.
I'll admit AUMN has been the worst stock for me in over a year for me. The lower it goes the more I like it and the more I've bought. My portfolio is practically a PM mutual fund so it's not a big deal for me to hold a large position in a miner that is sucking bad temporarily. Fortunately I'm no latecomer to PMs so I've made so much over the years, I can afford to get deep in the hole on one and no biggie. I understand AUMN is a multiyear play. It could easily go back to the teens within 6 months IMO, but I am holding this as more of a multiyear multibagger play.
AUMN
Market cap = 38M X 7.4$ = 281M$
Cash = 100M$
Silver = 400M once. (Gold = 8M)
Grade = 150 to 350g/t (Gold = 3 to 7g/t)
BASICALLY
281M - 100M = 181/400 =
0.45$ per once of silver in the ground.
AUMN
Market cap = 38M X 7.4$ = 281M$
Cash = 100M$
Silver = 400M once. (Gold = 8M)
Grade = 150 to 350g/t (Gold = 3 to 7g/t)
BASICALLY
281M - 100M = 181/400 =
0.45$ per once of silver in the ground.
AUMN
Market cap = 38M X 7.4$ = 281M$
Cash = 100M$
Silver = 400M once. (Gold = 8M)
Grade = 150 to 350g/t (Gold = 3 to 7g/t)
BASICALLY
281M - 100M = 181/400 =
0.45$ per once of silver in the ground.
The Gold Report Interview with Marshall Auerback (10/19/11) "We are big believers in Gold Canyon Resources Inc.'s deposit. The initial resource should be out by the end of this year and is promising to be several million ounces with grades exceeding most other bulk tonnage deposits in Canada. Looking at the dimensions of the deposit, specifically the new extension to the southeast, the potential here continues to grow far beyond what the company's initial resource will give it credit for. "
COOL pushing again and again...
I'm not in....
I feel it but didn't act.....
RBY possible production in Q4 2013
Ouch......
RBY possible production in Q4 2013
Ouch......
IMHO EXK is shorting GPL.
They will make an offer short term.
J.Turk + E.Sprott talking....
http://laboussole2012.wordpress.com/2011/10/19/interview-e-sprott-et-j-turk-anglais/
J.Turk + E.Sprott talking....
http://laboussole2012.wordpress.com/2011/10/19/interview-e-sprott-et-j-turk-anglais/
J.Turk + E.Sprott talking....
http://laboussole2012.wordpress.com/2011/10/19/interview-e-sprott-et-j-turk-anglais/
Beware, they gonna push this until SPY touch the 200MA (1260)
After that big dump go with FAZ, TZA, TVIX
FAZ - 14%
COOL very strong here......
Yahoo say LAZARUS GROUP !!
http://finance.yahoo.com/q/it?s=SVBL+Insider+Transactions
UGLD and USLV board are open.