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Wow those are impressive Educational credentials
•P.h.D Mineral Economics || Penn State University, 1995 || Mention in Energy & Public Policy ||Dissertation Topic : Economic Impact of Mining Investment Growth
•M.S. Mining Engineering || Penn State University, 1992 || Dissertation Topic : Model Program Safety Training for Miners
•Magister Business Administration || ESAN, 1988 || Mention in Finance || Thesis: Business Strategy in the context of a scarce foreign currency
•B.S. Mining Engineering || Catholic University of Perú, 1982 || Thesis: Mine Ventilation Circuits
$AFYG Machacala Project HUGE Potential
Machacala Project offers near-term production potential from both tailings and underground
Machacala can begin producing from its large un-leached tailings pile on site
–Volume Est.: 210,000 Metric Tons
–Grade Est.: 1. 34 g/T Au 56.36g/T Ag average grade)
Metallurgical studies show 87% Au, 50% Ag recoveries in 24 hrs leaching on un-milled tailings , with re-milling (-400 mesh) shows increased recoveries to 90% Au, 73% Ag in 24 hrs leaching
Exploration drilling programs from 1996 by Gold Hawk Resources, Meridian Gold, and Buenaventura
Drilling totaled over 8,500m in 45 core and RC drill holes (Meridian Gold, Gold Hawk Resources)
The hardrock underground potential for Machacala is estimated between $2-$3bln USD
That was strong trading and agree with you it is getting to the point where bid sitting is not an option! AFYG
I agree DeximusMaximus - 20 million + (est) ready to be quickly processed! This is very attractive as an investor - rapid move to revenues. AFYG
That is amazing - it is a Gold Rush! AFYG
I know I will have to be fast to get in front of you DeximusMaximus! My strategy: Bid Low, Bid High, and Bid Higher! AFYG
I am sipping a Golden Monkey in your honor SeccoTech! It is not hard to imagine $2500 per oz - it is just around the corner.
There really is a lot of AFYG DD brewing up fast - and it is high grade! It seems as if AFYG has lots to unearth!!!!
Great article SeccoTech. As the US has gone to extreme fiscal irresponsability the Chinese are doing something many commodity seekers hope to do - buy up all the gold and gold producing systems! I am looking to stuff my portfolio full of AFYG!
You are right KnowProphet - there is a lot of data being "dug up"! The tailing data (210K Metric tons - 1.34 g/T AU 56.36g/T Ag) is enough to get me excited, but the underground seems to be loaded with billion$
AFGY MACHACALA has HUGE Potential!
Machacala has immediate production potential from its 210,000 metric tons of tailings almost immediately = $20M and as you stated 2-3 Billion underground potential!
Multiple low sulphidation, epithermal Au-Ag veins on property of which thirteen have been identified and four have been only modestly exploited!!!!
LOCATION:
The property is located in the District of Carabamba, province of Julcan, La Libertad region to the North of Peru. La Libertad is one of the largest Gold and Silver producing regions in Perú and in the World, producing millions of Gold ounces annually
INFRASTRUCTURE:
Nearby Trujillo has an airport, experienced workforce, materials and mining equipment rental.
Low Sulphidation Epithermal Deposit - Summary
Fluids that form low sulphidation veins interact with the rock for a much longer period of time. As a result of the extended duration of the fluids’ interaction with the rock, the fluids become dilute and neutralized and the silica dissolves (later precipitated as quartz). In low sulphidation veins, protracted boiling of these fluids produces high grade gold (greater than one ounce gold per ton) and silver deposits over vertical intervals of generally 300 to 600 meters. Within this vertical dimension, gold grades can be very high and result in large amount of easy to mine gold in a narrow compact area.
That is what I meant DeximusMaximus - I will be buying on ask and bid - whatever it takes!
Hey I still like cheap shares. I agree with you though - AFYG heading north!
Nice Chart WealthyKing - AFGY is going to be a monster!!!!
i hope we get a few massive high volume plunges as i will be on ask! AFYG
I would not call this tanking (my tolerance in pennyland is dramatically high) and see steady accumulation. I picked up my entry and will be bid sitting for some more shares. I do not think the bottom is fully developed, and will take advantage of daily drops and support the low bid! Good Luck - seems like this is a good spot to buy and see nice growth.
NBRI Daily
NBRI Weekly
SNDY looks ready...nice chart SeccoTech
Looks ready for next rise imo! AFYG
Thanks DeximusMaximus I love being here and best of luck to all here!
Good Morning AFYG.
Lol..Cash for gold would be a good trade. Especually if you get a predug premium. Money in the bank.
I need to buy a couple more shares and then will get my tickets! OODH
Thanks for posting.OODH
Hey SeccoTech it is nice to see a happy crowd here!
I am in here at NBRI - good luck all.
I see a super low float! OODH
lol - maybe a leprechaun riding a unicorn riding! $AFYG
wow! PBHG