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AUMN Golden minerals +.72 20% Waking up. Small Au Ag production (600 - 800tpd) with organic expansions going forward, debt free. One of the largest resources in the world with over 400 Million oz.
They were way over sold, shorts capitalized on the past spending that has been reeled in with the new production/consolidate assets focus. Only 37 million OS
EGZ.T Energizer Resources 434 Metres of Graphite Mineralization in Drill Core
June 04, 2012 08:00 ET
The market is soon going to take Energizer serious. They have the goods and the means to fast track them out of the ground. When graphite slows, they can switch focus to their huge high quality battery grade Vanadium deposit. Byron Securities will not be able to hold them down much longer.
TORONTO, ONTARIO--(Marketwire - June 4, 2012) - Energizer Resources Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) ("Energizer" or the "Company") is pleased to announce it has intersected wide intercepts of graphite mineralization from its recently initiated National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit. The Molo is located on the Green Giant Graphite project joint venture (JV) property with Malagasy Minerals Limited in Madagascar, in which Energizer has a 75% ownership interest and is the operator.
In normal circumstances, the Company would not issue a press release describing mineralization without accompanying assay data. However, due to the wide intercepts of graphite mineralization intersected, the Company deems this information to be material.
Samples collected from the drill core have been sent out for assay, and the Company anticipates the receipt of the first assay results in approximately 6 weeks. Previous metallurgical analysis conducted at two different laboratories have confirmed that the Molo deposit contains jumbo flake (i.e. +50 mesh) graphite at an average purity of 93% C and can be easily liberated through simple crushing.
434 Metres of Graphite Mineralization Intersected in Drill Core
The Company has completed 5 diamond drill holes at the Molo as part of its 2012 resource drill program. All drill holes were completed along a single drill section, and in conjunction with ongoing drilling will be used to produce a NI 43-101 compliant graphite resource.
Based on assays from the 7 diamond drill holes previously intersected in the 2011 drilling campaign at the Molo deposit, the geological logging and visual inspection of the drill core for these latest 5 holes indicates that the graphite content appears to be similar.
The Company can now confirm that the Molo deposit begins immediately at surface, and extends to a vertical depth of over 300 metres as evidenced by drill hole MOLO-12-01, which intersected 434 metres of graphite mineralization. The confirmation of graphite mineralization at surface is believed by the Company to be a key benefit of the Molo, as it should allow for cost-effective open pit mining.
Molo Deposit Well Positioned for Mine Development
These latest resource-drilling results reinforce Energizer's selection of the Molo Deposit for mine development. The Company, in conjunction with its technical engineering partner DRA Mineral Projects, is now expediting development and is targeting early 2015 for production.
The Molo is located in an area that has good access via a network of seasonal secondary roads from the nearby village of Fotadrevo, which in turn has access to a regional road system that leads to the ocean port of Tulear. The port of Tulear is an international shipping container port, located 160 kilometres to the west of the Molo.
Water is readily available due to the shallow water table and local river system and the power requirements of a graphite operation can be easily met with diesel power. The proximity of the Sakoa coal project (located 30 kilometres away), which is expected to commence development this year, could provide Energizer with the added option of infrastructure sharing opportunities and other synergies.
The Molo is located in an ideal geographical setting for a mine. The area is dry and semi-desert like with very little vegetation, has a very low regional population density, and has relatively flat terrain. The climate also adds to the ease of mining, as this area of Madagascar has a very temperate climate with a mild rainy season from December to March.
Drill Results
Diamond drill hole (DDH) MOLO-12-01 was emplaced to test both the western and eastern edge of the Molo deposit. DDH MOLO-12-02 was drilled in order to define the western-most edge of the Molo deposit, while DDH MOLO-12-03 through 05 were drilled to define the eastern-most edge of the Molo deposit. The table below summarizes the drill intersections, while a drill hole cross-section is provided on the Company's website.
Drill Hole UTMX UTMY Azimuth Dip Graphite
Intersection Depth
(m) From (m) To (m)
MOLO-12-01 513120 7345600 90 -45 434 26 460
MOLO-12-02 513180 7345600 270 -45 51 18 69
MOLO-12-03 513240 7345600 90 -45 295 Surface 295
MOLO-12-04 513300 7345600 90 -45 220 Surface 220
MOLO-12-05 513360 7345600 90 -45 150 Surface 150
To view the image associated with this release, please visit the following link: http://media3.marketwire.com/docs/Energizer_GridImage.pdf.
Graphite Mineralization on Surface
Geological mapping has identified numerous graphitic outcrops. Trenching over the Molo deposit has verified graphite mineralization is found at surface, and intervening soil-covered areas between graphite outcrops have graphitic bedrock mineralization at depths ranging between 10 cm and 1 metre below the soil. To-date, two trenches have been excavated over the Molo deposit, exposing continuous graphite mineralization over 300 metre lengths. Samples collected from the trenches have been sent out for assay, and the Company anticipates the receipt of the first assay results in approximately 6 weeks.
Pictures of the trenches and the Molo deposit area can be viewed on Energizer's website at www.energizerresources.com.
Drilling and Trenching Confirm Effectiveness of Geophysics
The drill and trench intersections obtained to date confirm that both the ground-based EM-31, and time domain electromagnetic airborne geophysical surveys are highly effective at identifying graphite mineralization. The EM-31 is effective in delineating near-surface mineralization, while the time domain airborne survey is effective in detecting graphite mineralization at depth.
Due to the high correlation between the geophysics, drill core and conductors, the Company is confident in obtaining a NI 43-101 resource ranging between 50 and 100 million tonnes on the Molo deposit with a grade range of between 6 to 10% C. The Company anticipates the NI 43-101 report will be available by Q3-Q4 of this year.
To view the image associated with this release, please visit the following link: http://media3.marketwire.com/docs/Energizer_GridImage2.pdf.
Qualified Person
Craig Scherba, Senior Vice President Exploration and Operations for Madagascar, P.Geol., is the qualified person for the technical information provided in this release.
AUN.V Aurcana You can add to that.
In Dec 2010 before the purchase back of the silver stream, Aurcanas share of production was 400tpd. They are producing nearly 10x that amount now, MUCH higher grades, keeping 100% of production, and will be to 5000tpd by EOY,
Share count is high, but market cap is less then 1/3 that of First Majestic who will produce only 10 to 15% more silver than Aurcana at 5000tpd. This is one story where accretive dilution was successful IMO.
To get a major exchange listing, they may need to do something with the share count, via roll back or buy back.
Exploration is in full force with resource expected to 4x by EOY will create more value by extending life of mine.
Lenic has said they are shopping for more high value properties and looking to add a 3rd mine.
Since Lenic took over the nearly bankrupt Aurcana on 5/20/09 closing trade was .11 Nearly a 9 fold increase to date.
My guess is Aurcana will be a cover story all of next year as they shoot up to high mid cap silver producer crushing most of their competition and will be hot out of the gate when the minors correct.
I bought warrants and common to capture the re rating here. The warrants strike is 1.00 and expire in NOV 2013
Checkmate28
OT Hi db7 Cant respond to privates If you could hit me at SH and leave a msg or e-mail address I would appreciate it.
http://www.stockhouse.com/MyStockhouse/Default.aspx?u=2113075
Im assuming you are rollin_db7 on SH
Thanks CM
AUMN Golden Minerals Company Continues trimming overhead
May 31, 2012 07:00 ET
Golden Minerals Announces Sale of Platosa Royalty for $2.4 Million and Engages Canaccord Genuity for the Sale of the Zacatecas Land Package
GOLDEN, CO--(Marketwire - May 31, 2012) - Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE MKT: AUMN) (NYSE Amex: AUMN) (TSX: AUM) is pleased to announce the sale of the Company's 1% net smelter royalty interest in the Platosa property to Excellon Resources Inc. ("Excellon") for US$2.4 million. The Platosa property, which is located north of Torreon, Mexico, is a silver, lead and zinc mine owned by Excellon. At current metal prices, the Company was realizing approximately $400,000 per year in royalty payments. Closing of the transaction is anticipated within thirty days with an effective date of June 1, 2012.
Additionally, Golden Minerals has engaged Canaccord Genuity to solicit purchasers for the Company's land package in the Zacatecas mining district just north of the city of Zacatecas, Mexico. Golden Minerals controls approximately 15,000 hectares of mining claims in the district containing key portions of recognized vein systems. A data room for prospective buyers will be open in June. Interested parties are asked to contact Craig Warren, Managing Director - Investment Banking -- Canaccord Genuity, at (416) 869-7316.
The Company also announced other progress toward the overall rationalization of Golden Minerals' exploration portfolio. In Mexico, in addition to the engagement of Canaccord Genuity for the Zacatecas package and the sale of the Platosa royalty, the Company has closed its regional exploration office in Guadalajara along with commensurate reductions in staff. Approximately 21,000 hectares of properties have been optioned to other companies and an additional 54,000 hectares will be dropped by July 1. In Peru, the Company has farmed out the Palca property in Puno with the counterparty entitled to earn 60% over a three year period by spending $2.5 million. The Company avoided a $1.0 million property payment by returning the Cochabamba property to the vendor as drilling did not produce results that warranted taking the project forward. Staff reductions in Argentina have reduced an additional $500,000 per year of ongoing expense.
Jeffrey Clevenger, Chairman, President and CEO, commented, "Our agreement with Excellon is step two in our exploration rationalization program. We previously announced that Golden Tag, our partner at the San Diego property in Durango State, Mexico, would carry the cost of moving that project forward. We will have more to report about our exploration activity as the year progresses and we are pleased with our efforts to date with the objective of establishing Golden Minerals as an internally funded entity."
About Golden Minerals
Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the ramp-up and expansion of existing production at the Velardeña Operations in Mexico and advancement of the evaluation stage El Quevar project in Argentina.
EGZ.t ENZR Energizer Resources Selects Molo Deposit for Mine Development; Drills 106 m of 8.44% C including 37 m of 11.17% C
Dear Energizer Enthusiast,
Energizer Resources announced today further assays from the Molo deposit and that it has selected the Molo for mine development. This represents yet another significant milestone for the Company. Resource drilling on the Molo deposit has commenced, with 2 Boart Longyear drills being utilized and a National Instrument 43-101 compliant resource statement expected this September. We are targeting a resource of 100 million tonnes with a grade of between 6 and 10 % carbon. This would position the Molo graphite deposit as the largest known graphite deposit with excellent grades. Energizer is fully focused on expediting this process and is targeting 2014/2015 forproduction.
Over the next 3 months, you can expect to see a continuous flow of news, consisting of assay results and project updates, including those from our mine engineering and technical partner, DRA Mineral Projects.
One of the exciting aspects of the Molo deposit is its attributes. The graphite is immediately at surface, which will allow for very cost-effective open pit mining. In addition to having this significant surficial expression of graphite at high grades, the Molo is also located in an area with an ideal geographical setting as well as ideal terrain. The terrain is semi-arid and almost flat - two features that give the Molo a unique topographical signature not found in most deposits. The climate also adds to the ease of mining, as this area of Madagascar has a very temperate climate with a mild rainy season from December to March.
Above is a 300-metre long trench through the heart of the Molo deposit, which shows extensive graphite exposed at surface and the ideal surrounding terrain.
Our early metallurgical testing on the Molo deposit confirmed that jumbo flake (i.e. +50 mesh) graphite, at anaverage purity of 93% carbon, can be easily liberated through simple crushing alone. This is quite significant and is expected to have very positive implications to the future mine's capital and operating expenditures.
Over the next several weeks, I look forward to updating you on further news and developments on the Molo graphite deposit as we fast-track to production.
To get further details, please read our press release in its entirety, please click here.
http://www.energizerresources.com/news/531-energizer-resources-selects-molo-deposit-for-mine-development-drills-106-m-of-844-c-including-37-m-of-1117-c-.html
Dr Air, You mentioned Brigus gold, I follow them as well. They are transitioning from explorer to producer and also with past problems getting things in order on the operation side. I question the new management, and have you calculated the gold stream factor in your CF numbers?
12% of the gold goes to Sandstorm for $500/ ounce in cash
Dr Air Re Lakeshore Gold - Appreciate your comments as always. I mentioned LSG being a buy down at .75 They would be trading at 307 million in MC and 4.4X CF from 2013 guidance. That $307MC is down over 80% from from the lofty MC of 1.7 billion mid 2011.
They Were stupidly over valued, but I don't see them as stupidly over valued at .75. If they're down over 80% and 1.4 billion in MC since mid 2011 then who has sold? Cant be all retail?
They have suffered from operational start up failures like many companies and market sentiment is poor
Q1 2012 - they exceeded guidance at 16k oz
They are guiding for 25 - 30 k OZ quarterly rate by Q3 this year with costs at 700/oz heading into 2013. Most of the growth CAP EX will be taken down by 2012 revenues and they are guiding to be CF positive by end 2012.
Timmins West is expected to generate $70 million of free cash flow in 2013 and over $100 million of FCF starting in 2014
So they are trading at 4.4X CF from 2013 guidance, across their 4 properties they have over 7 million oz in gold, half inferred and insiders bought over 200k shares in April. Not out of the park numbers, but their in the game. They don't have a good track record but if they pull off the turn around then I think .75 is cheap. I don't own it.
CM
dr airtime
Im waiting for the bottom on both Brigus and Lakeshore Gold. Hoping to see LSG hit the .75 mark again. I choked last time.
Both high grade Timmins ON producers
Both suffered from operations problems, missing guidance during ramp up, but have regrouped, with turn around results and guidance
Both ready to increase production substantially
The speculation, Will management get it done?
If you could put LSG on your booth list, it would be appreciated
AUMN FWIW My view, is that they have struggled with a reputation of spending money recklessness and the share holders didn't like this. With all the ounces and the 80 million in cash, the shorts took advantage of market sentiment and latched on.
AUMN has shifted gears from explorer to producer and are very conservative now. They are not wanting to go to the market for cash. They are trying to stretch the cash until they become cash flow positive and then to grow organically.
I thought they forced the 43-101 before it was planned to help ease the pain. Its probably short some results.
The good thing is they are guiding to be cash flow positive by EOY and do not have to go to the market so PPS will not effect them to much. With the low float, good news and results will move it up just as fast.
CM
Good Buy I was only a little early and down nearly 50%
Assets up the ying yang
Picassa, Unbelievable, I just posted the below info just one week ago May 9th on another board.
The only thing that has changed is that instead of buying silver for .48 in the ground, you can get it for .26 UNBELIEVABLE
Someone please post the short info when available.
AUMN, Golden Minerals. Was looking to understand the 2012 production decrease forecast, as I was thinking of adding yesterday. I called and spoke with Jerry Danni, Exe VP Below is a cut and paste of my near current note sheet with updates from the conversation. I was told, the hold up of equipment would not in itself effect the previous 2013 production forecast, but that depending on cash, they may delay some of the expansion and that would effect the 2013 numbers. 600TPD current with 800 - 850tpd by EOY.
They will NOT be going to the market for cash and should be cash flow positive by EOY. Q1 results will be out this week with the most current cash position.
They are sticking with the strategy of moving from explorer to producer and will be brooming some more of their 80 properties. Particularity, their operation in Mexico will bring some real dollars to the company. I have a feeling, if they got enough cash, they might push the expansion to 2000tpd sooner.
I like their strategy to grow organically. They have more ounces than just about anybody, so they can afford to trade that for mill expansion CAP EX at VELARDEÑA
Below is just my updated notes to share.
Market Cap per AgEq M Oz .48 based on 213m MC
Large resource base 4 Properties
• 49M Oz M&I plus 443M Oz Inferred AgEq*
Attractive production/ growth profile
• Zero debt
45mill cash as of EOY 2012
VELARDEÑA NI-43 Update Q4 12
325 mill oz Ag eg 179gpt
2 mil oz Au 3.2gpt
Add Lead and Zinc
430 mil oz AgEq from 50% of property
Current Prod 600tpd 5-8-2012 Increasing to 800 -850tpd EOY
Production forcast
2012 740k Ag 9kAu 1.4mil Ag eq
2012 Revised 5/7/12 590,000 ounces
early 2013 1300tpd rate
Silver – 2 million ounces
Gold – 29,000 ounces
2013 3.6m Ag eq
2014 4.2m Ag eq
New exp to 2000tpd after
Checkmate28
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75389063
Stock Peeker RE AUMN Unbelievable, down 15% while everything else is up 5 to 10%.
38 million shares out
Market cap now $128 million
Silver 49M Oz M&I plus 443M Oz Inferred AgEq*
Market Cap per AgEq Oz .26 Your buying Ag in the ground for .26
One of the largest total resources out there
Zero debt
45mill cash as of EOY 2012
Current Prod 600tpd 5-8-2012 Increasing to 800 -850tpd EOY
Production forecast
Link back for more information
Checkmate28
Coin, Re Gowest Yes Im very concerned about the cash, something I thought would never get this bad. A short while ago they had 40% the gold and 4 times the price. Gowest VP of technical services was buying then and still is.
I don't think the market understands the quality of the Frankfield deposit yet. Grade and volume (total ounces) here will make the CAP EX look small. They will get 100k oz/year from 1500tpd and cash flow more then some good companies running 10000 tpd with huge low grade Hi Cap Ex projects. If their ore sorting works, they will get 150,000 oz through the same 1500tpd. Preliminary tests have shown grades increased to 12-15gpt and still 93% recovery. More testing due in from Germany anytime.
Short term contracting option. Page 11
http://www.gowestgold.com/downloads/AGM%20Presentation%20April%202012.pdf
60 million in Cap Ex provides 60 million dollars in cashflow from $1600 gold. They are currently looking at browns field sites to reduce the capex and timing.
The kicker here is that from the presentation page 7, it is crystal clear that the resource is currently much larger then the 1.2 million official 101 compliant resource. Add to that the 17000 meters of drilling this year including some other targets. On page 7, the 1.2 million comes from the zone with the 750 strike and 800m depth. Non included in the official resource - They are at 1300 on the strike, still open and that figure is one of the largest strike lengths in all the history of the Timmins ON area.
THIS increase in ounces will make those IRR numbers look much better.
You have to put on your long distance vision glasses here, but I think they have something.
Im putting together a piece to get out to all the analysts I can find. When I get it together, I print the gist here. They need someone to step up with cash, but that cash IMO will get rewarded
Compare this to the Trelawny deal where they sold 6+ million very low grade oz for 600+ million just next door. Pending
Checkmate28
Rick Rule Rules, Coming Junior explorer decimation/opportunity
All out in the last 10 days.
Rick Rule: Golden Opportunities-Why Gold Stocks Have Underperformed
http://www.financialsense.com/financial-sense-newshour/guest-expert/2012/04/25/rick-rule/golden-opportunities-why-gold-stocks-have-under-performed
13:00 Minutes starts talking about whats working now, are deposits with margin Low up front costs relative to NPV of the future cash flow from the project. Grade matters. 16:00 Any deposit of a million oz or more is a target if NPV of future cash flow is great relative to up front costs. In a nana second, they would take a high grade million oz deposit over a high oz hi cap ex project. The future is economic ounces.
Rick Rule King World News
Saturday, May 12, 2012
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/5/12_Rick_Rule.html
Saying that 1/2 of the tsx ventures exchange is headed for extinction unless the market changes but the best 5-10% will provide incredible upside.
Rick Rule on Contrarian Speculation
Casey Research Recovery Reality Check Summit
http://www.caseyresearch.com/cdd/rick-rule-contrarian-speculation?ppref=GDS023FD0311A
Investors willing to work hard and segregate the winners will find this to be one of the best private placement investment period since 2002
Opportunities to participate in the precious metals market efficiently are rare and this is one of them.
Black Swan, Were very early in the discovery cycle and he believes a huge discovery is inevitable and would be like a takeover on steroids as far as getting this sector going.
For me, GWA.v Gowest Gold comes to mind often when listening to these pieces.
Have a great weekend
Checkmate 28
You must be referring to 23% of the float
ARZ.TO dr Airtime Ill second that. Picked that up near 4.50
The strength of the shares in this market while nearly every other gold stock has fallen has me looking forward.
In short, Solid on all fronts going forward!
Value, Good question. I had to think about that one. The extra property shedding should help here. I did ask about cash flow this year but not projections. The mish mash of end products and growing pains might hurt the net a little but I think what you might be missing is that Velardena is funding the entire operations from all the properties across different continents. Shedding those costs are part of the transition they are making. Having said all that, they should be cash flow positive by EOY with the 800tpd.
I like the share count and their wanting to keep it that way. I can wait for the growth as they have the means to get there without dilution.
The updated PEA should be out Q3, we should have a better handle on the economics then.
They will have 4 concentrates
Gold and silver Dore
Zinc
Lead
Pyrite Gold that will be sent to, I think Barrik for processing. Economics can't be good on that.
AUMN, Golden Minerals. Was looking to understand the 2012 production decrease forecast, as I was thinking of adding yesterday. I called and spoke with Jerry Danni, Exe VP Below is a cut and paste of my near current note sheet with updates from the conversation. I was told, the hold up of equipment would not in itself effect the previous 2013 production forecast, but that depending on cash, they may delay some of the expansion and that would effect the 2013 numbers. 600TPD current with 800 - 850tpd by EOY.
They will NOT be going to the market for cash and should be cash flow positive by EOY. Q1 results will be out this week with the most current cash position.
They are sticking with the strategy of moving from explorer to producer and will be brooming some more of their 80 properties. Particularity, their operation in Mexico will bring some real dollars to the company. I have a feeling, if they got enough cash, they might push the expansion to 2000tpd sooner.
I like their strategy to grow organically. They have more ounces than just about anybody, so they can afford to trade that for mill expansion CAP EX at VELARDEÑA
Below is just my updated notes to share.
Market Cap per AgEq M Oz .48 based on 213m MC
Large resource base 4 Properties
• 49M Oz M&I plus 443M Oz Inferred AgEq*
Attractive production/ growth profile
• Zero debt
45mill cash as of EOY 2012
VELARDEÑA NI-43 Update Q4 12
325 mill oz Ag eg 179gpt
2 mil oz Au 3.2gpt
Add Lead and Zinc
430 mil oz AgEq from 50% of property
Current Prod 600tpd 5-8-2012 Increasing to 800 -850tpd EOY
Production forcast
2012 740k Ag 9kAu 1.4mil Ag eq
2012 Revised 5/7/12 590,000 ounces
early 2013 1300tpd rate
Silver – 2 million ounces
Gold – 29,000 ounces
2013 3.6m Ag eq
2014 4.2m Ag eq
New exp to 2000tpd after
Checkmate28
AVR.T Avion Gold crushed on the news. Dont own it, but its on my short watch list of potentials. Without the expansion to 4000tpd nearly 80% complete, the company is still producing 90 to 100k ounces.
TORONTO, ONTARIO -- (Marketwire) -- 05/08/12 -- Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") announces that its mill expansion project has reluctantly been temporarily suspended due to business disruptions associated with the military coup in Mali. Mining and milling operations continue at site with Avion's existing mill. Suspension of the expansion plans is a direct result of some of Avion's contractors demobilizing back to their home bases due to foreign government travel warnings for Mali as well as resultant slowdown of construction supplies moving through customs at Mali's borders. An interim government has been appointed in Mali and is working to re-establish the government ministries. Avion is working with the interim government and the new ministries to return operations and efficiencies to a normal state.
The foreign government travel warnings issued are mostly applicable to the northern half of the country. Avion has taken and is taking prudent precautions to ensure the safety and welfare of its employees at site which is located approximately 350 kilometres from the Capital of Bamako and over 1,000 kilometres from the insurgency in the northern part of Mali.
Coin, always nice to hear you keeping things real for us. I appreciate the input.
New Aurcana presentation just out from Germany Small cap TV
Rick Rule on Contrarian Speculation Juniors Best Mkt for private placements since 2002 .... Nice Piece!
http://www.caseyresearch.com/cdd/rick-rule-contrarian-speculation?ppref=GDS023FD0311A
EGZ.t River run, that was sent out by the company to subscribers. Its a pump piece approved by Energizer, but the information is a good read.
The push is on. The numbers can speak for themselves. As the letter said, on April 30th, Energizer has begun to communicate to the market the potential size and grade of our Molo graphite deposit and the speed at which we are advancing it to a production. With resource drilling commencing next week, the Company is targeting a NI 43-101 compliant graphite resource of 100 million tonnes with a grade between 6% and 10% carbon. Anyone buying should do their own DD and research everything they can find.
I owned it for Vanadium and had a previous relationship with management. When I saw they had graphite in the same place as their Vanadium deposit, I knew it was going to be a huge deposit. I stopped in at their booth at PDAC Toronto and that was all I needed to see.
Checkmate28
EGZ.t Dear Energizer Enthusiast,
Below is a link to the investment newsletter, Beat the Market, where Energizer Resources' Green Giant Graphite Project is prominently featured.
With our latest news release on April 30th, Energizer has begun to communicate to the market the potential size and grade of our Molo graphite deposit and the speed at which we are advancing it to a production. With resource drilling commencing next week, the Company is targeting a NI 43-101 compliant graphite resource of 100 million tonnes with a grade between 6% and 10% carbon.
Based on our latest assay and metallurgical results to date, the Molo Deposit is shaping up to be a most compelling asset for a strategic partner for the following reasons:
High-grade and wide widths
Scalable deposit – provides sureness of supply
Proximity to key markets (China, India, Korea, EU)
Located in a stable mining environment
Right metallurgy – confirmed jumbo flake with 93% average purity. We can supply graphite to all market segments
Graphite is at surface, open at depth and along strike - this means anticipated lower CAPEX and OPEX
Short time line to production (targeting Q4 2014)
World-class technical partner with full EPCM services (DRA Minerals)
Energizer has the lowest market cap of the near-term producers
To read the Beat the Market newsletter in its entirety, please click here. Good read here Checkmate28
http://us2.campaign-archive2.com/?u=6aec09ee2c6c558d6b5867e62&id=31e05333dc&e=c39b6d64b8
value welcome. EGZ.T Share Structure
As of January 1, 2012
Shares Issued: 156,697,178
Outstanding Options: 19,105,000 (Exercise between US$0.15-$0.40, expire between July 2011 & October 2014)
Outstanding Warrants: 43,619,694 (Exercise between US$0.10 - $0.58, expire between June 2011 & May 2013)
Fully Diluted Shares: 216,421,872
Market Capitilization (USD): 49 Million
DB7 RE GPD.TO/GPRXF Thanks you. U put me on the dig with that post. Finally found some weakness. Just took 50k GPRXF at .50
First I like the mgt as I think Bobwins mentioned. They are very neg on dilution.
Royality Pmts now $1mill/yr & growing to 10k oz gold/yr net in 18 to 36mths
Just out 43-101 demonstrates a high quality, low cost project
Fully permitted Brownfield should start Phase 1 production by Q4 2013 .... 30 - 40k oz for 3-4 years at a CAP EX of 25-30 million
3 offers to finance are on the table for a choice by May 12 w/PR from the company.
Cash cost for Brownsfield leach pad restart 500/oz
Bigest land holder and Next producer in Yukon. They are actually one of the few companies with infrastructure NOW in the Yukon and are able to drill 12 month a year. 2012 40k meter drill prog Budget 18mil.
Phaze2 2nd mine - million oz open pit oxide
125k/year initial pour 2015 cap ex 100 - 140 m
PEA for Phaze2 EOY 2012
Phaze3 Sulfide plant Hi Cap ex for mill
19million in cash with a market cap of 70 million puts the EV at $50 million.
Bottom line. Large upside grown organically from 50m
Might take a while to get going but I like it.
Checkmate28
Value1008 Re EGZ your welcome. Those are questions I can provide some insight on. Company says PEA work will be done in a couple months. When it comes out is a different story but I'm sure they want to rush it.
This resource is huge. There processing will be primarily just hi power demand crushing with no flotation needed, (hence the low cap ex, low cost processing and low time to production)
As to cheap power, if I was them and building out infrastructure with the Sakoa coalfield next to me, I would figure out how to take advantage of that situation, using the coal for power. I'm guessing they will.
From a press release, more in the link
With this expertise, key DRA personnel will have direct roles in the development of the Project in Madagascar and will be responsible for facilitating discussions and interfaces with the Madagascar Government and key stakeholders in the Sakoa Coal project regarding infrastructure development and the identification of any synergistic opportunities.
Johann de Bruin, Director of DRA Mineral Projects, stated, “DRA has been following the development of the minerals industry in Madagascar with keen interest over the past six years whilst completing a series of feasibility studies for various potential projects on the island. It is evident that Madagascar has a lot to offer the global minerals industry and the resolution of political uncertainty, commitment to infrastructure development along with the continued global demand for its minerals are expected to mobilize a number of projects. DRA views the presence of these minerals, and future breakaway materials like graphene, as essential in applications for electric vehicles, energy storage, and high-tech as promising and is therefore very excited about the relationship with Energizer Resources.”
Kirk McKinnon, CEO of Energizer commented, “This arrangement with DRA is significant as it provides Energizer with experts that have all the skill-sets required to advance our Project to mine development, while interfacing with the Government, and leveraging their knowledge on infrastructure through insight into the Sakoa Coal project. We are also pleased that Energizer’s continuing project development will bring employment and substantial expansion of infrastructure to the people of Madagascar in this region. The Company uses well over 100 local people through its exploration programs and have found them to be highly industrious. DRA will be able to leverage this skill-set as the Project grows and continues to add more resources and infrastructure enhancements to the region. Energizer’s primary focus will now be the interface with and procurement of, key strategic partners and project financing. Currently the Company is well financed to reach key project milestones, including the completion of the Preliminary Economic Assessment (PEA Study)”.
http://www.energizerresources.com/news/press-releases/489%3Aenergizer-resources-discovery-of-graphite-and-vanadium-leads-to-agreement-with-africas-leading-mining-project-development-manager-dra-mineral-projects-to-develop-the-green-giant-project-in-madagascar.html
As to the dip, Im thinking there might be a pop during the coming Graphite conference in early May as people grasp the size of this project and the straight forward processing. They are talking processing 40 to 50k tpd. Energizer missed the earlier graphite in March. I think this is the reason its not discussed much here.
Checkmate28
WOF.v Woulfe Mining's' Gold Project Resource Increase and Project Economic for Development
Don't own it but looks like you Value Minors are sleeping on the job LOL
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0787014001&sourceType=1http://www.ccnmatthews.com/logos/20100225-WOLF%20LARGE.gif
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/02/12 -- Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) is pleased to announce that the Inferred Resource in the Three Brothers vein (one of nine mineralized veins within the project area) has increased to 900,000 tonnes grading 10 g/t gold at a cut-off of 4 g/t gold with a minimum mining width of 1.2 meters (approximately 289,000 ounces). The mineralization also contains silver, but silver has been excluded from the mineral resource estimate due to a lack of data and was not modeled as part of the Preliminary Economic Assessment (PEA).
Some areas of the vein that were previously considered not to have reasonable prospects of economic extraction are now considered to be potentially mineable due to a revised access strategy that AMC has developed as part of the PEA. These additional areas have sufficient sample support to be included in the Inferred Resource. Additional production data from the period 1992 to 1996, demonstrates that the mined ore bulk density was generally 2.7 t/m3 and this has been used in the current mineral resource estimate. This differs from the 3.5 t/m3 originally stated by Woulfe, and the 3 t/m3 used by AMC in the 10 January 2012 release. AMC has also increased the cut-off grade from 3 g/t gold to 4 g/t gold to make it consistent with the PEA.
Figure 1 shows the area of the Inferred Resource colored in red. The main reasons for the difference to the Inferred Resource released on10 January 2012 are:
-- The proposed decline access strategy allows smaller and more dispersed
packages of the resource to potentially be mined relative to the
original shaft access strategy. Addition of the smaller packages of the
resource has increased the tonnage by 475,000 tonnes and decreased the
grade by 1 g/t gold.
-- The bulk density has been changed from 3 t/m3 to 2.7 t/m3. Decreasing
the bulk density has decreased the tonnage by 90,000 tonnes, with no
change in the gold grade.
-- The change in cut-off grade from 3 to 4 g/t gold. Increasing the cut-off
grade has decreased the tonnage by 5,000 tonnes, with no significant
change in the gold grade.
The net effect of these changes is to increase the tonnes and lower the grade of the Inferred Mineral Resource relative to the 10 January 2012 release from 520,000 tonnes at 11 g/t gold to 900,000 tonnes at 10 g/t gold.
To view Figure 1 Extent of Mineralization and the Inferred Mineral Resource, please visit the following link: http://media3.marketwire.com/docs/787014_fig_1.pdf
NB: AMC Consultants considered the economics of only one vein in the field of nine veins in the Preliminary Economic Assessment. On this basis alone the assessment indicated it is economic to reopen the field. The update of the Inferred Resource is principally a result of the PEA access method and the increased Inferred Resource does not imply that the PEA requires updating.
The financial metrics of the project are summarized below:
NPV (8% discount rate): US$31.8 million
IRR: 22%
Gold price: US$1,600
Mine life: 7 years
Production rate: 145,000 tonnes per annum
Average gold recovered per annum: 26,000 ounces
Operating cost: US$676 per ounce
Woulfe cautions that the PEA is preliminary in nature. It is based on an inferred mineral resource. Inferred resources are based on limited information, and grade continuity has been assumed, but not verified. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource that is the subject of the PEA will be converted into mineral reserve. No mineral reserves were estimated as part of the PEA.
Mr. Brian Wesson, CEO of Woulfe, comments that AMC Consultants has assessed the economics of one vein of nine at Muguk and have shown that it is economic to open Muguk to unlock the upside potential in the Three Brothers vein on strike and down dip and in the other veins in the field. Our recent focus has been the Sangdong project that is moving forward into construction. Muguk will now be moved forward as our exploration staff is freed up from Sangdong and the permanent staff takes control. Sangdong now has 65 staff.
The AMC resource estimate has been reviewed and approved in the form and context in which it appears by Woulfe's geological advisor, Dr Andrew Fowler M.AIG, MAusIMM, PhD, BSc (hons), of AMC Consultants Pty Ltd and Woulfe's mining engineering advisor, Mr. Edward Gleeson MAusIMM (CP) BEng (mining). Dr Fowler and Mr. Gleeson have appropriate qualifications and sufficient relevant experience to qualify as Qualified Persons for the reporting of a Mineral Resource for the Three Brothers Vein of the Muguk Gold Mine.
On Behalf of the Board of Directors
Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
About Woulfe Mining Corp.
Woulfe Mining Corp. is a TSX-V listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.
The company's current projects include the Sangdong tungsten-molybdenum mine, historically, one of the largest tungsten mines in the world; the Muguk gold-silver mine, formerly South Korea's largest gold mine, as well as a number of other properties with significant known mineralization and excellent regional exploration potential.
Woulfe has high expectations for near-term, low-cost production. The company has assembled a highly skilled, in-country, bilingual technical team and a board of directors with an outstanding track record of success.
EGZ.t ENZR more.... Just doing a little DD thought Id share since graphite is hot and I don't see Energizer mentioned here.
IM familiar with this company as I played it last year for the huge high quality Vanidum green giant property/resource that is not in the light right now but also very impressive on its own.
The graphite resource is Huge, Hi grade, Hi purity, Lots of large and Jumbo flake and lends to easy processing.
2 properties in Madagascar, green giant 100% and a 75/24 JV on a 2nd - Huge, over 1000km2 Vanadium and Graphite One graphite strike is 320km2. Hard to wrap myself around that one.
They have a mining partner in DRA contracted. That company being the largest mine builder/manager in Africa has already invested money. Thats a huge acknowledgement of the quality resource IMO
On the negative side, there are infrastructure issues in Madagasgar now, but there is a huge coal project that drarfs this one that is already there building out infrastructure now. The 2 companies are meeting and looking for ways to share. The government has walked the property and are very much behind it.
They have some warrants out and they are going to need to raise cash.
EGZ announced a simple crushing with no floatation process yielded +50 mesh concentrates as well as purities greater than 90%. With a simple $10M portable crusher, the company will be able to start producing 7,000 tonnes of graphite on an annualized basis within 12 months and have a 2,000 tonne per day mill in operation within 24 - 36 months capable of producing 40,000 to 50,000 tonnes of graphite per year. Nobody else is talking volume like this and there going to put quality through it. NPV and IRR should be huge when the PEA comes out.
The portable crusher should transulate into quick cash flow to help with the cap ex on the larger plan.
Results from recent drilling at Molo zone include…
108 meters grading 8.8% C
41.5 meters at 7.01% C
118.6 meters at 6.24% C
61.4 meters at 7.46%C
I havent seen anyone with widths like these. This Molo zone dwarfs most of the other graphite whole Companies and there are 16 other zones.
Still DDing and don't know alot about the other companies.
Checkmate28
Energizer Resources EGZ-T ENZR.OB $0.285 Graphite. A pump piece but the article reflects the vastness and quality of the resource and the reasons I bought it, plus they have a fast track plan to production.
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Energizer Resources Green Giant Delivers up Impressive Assays
Shares Out... 156M
Market Cap... $44M
Energizer Resources EGZ was made a top graphite pick for premium subscribers the day they released a 118.6m intercept grading 6.24%Cg in February at around $0.26. It was obvious back then that these guys were on to a very large graphite camp in Madagascar. The company hit a high in April of $0.47 cents before correcting to near where I initially alerted premium subscribers. Not only has Energizer delivered the most impressive results to date of any company drilling in this emerging sector, the company is far ahead of anyone else on the production curve establishing milestones which hint Energizer's Green Giant Project, specifically the Molo deposit will be fast tracked to production over the next 18 to 24 months. This creates the opportunity for a material revaluation and continued value creation entering into this critical area of pre production and development.
Results from the 5 assays received from the 75% owned Molo deposit include...
108 meters @ 8.8%Cg
20 meters @ 6.94%Cg
87 meters @ 7.4%Cg
13.5 meters @ 14.63%Cg and 54 meters @ 7.27%Cg
88 meters @ 7.92%Cg
So far assays from Molo average 8.15%Cg.
The company announced in the press release today a 50-100Mt target on Molo alone. Realistically, 50Mt is most likely understating the tonnage. 6 holes were drilled into the Molo target over a 2km strike length confirming the massive tonnage potential of the discovery at Molo. numbersll be the subject of initial fast tracking development by Energizer Resources with a huge prize of a potential 50 to 100Mt high purity jumbo flake graphite deposit grading ~8%. Those are some lucrative numebrs for any projects which immediately vault Energizer's Green Giant at the top of my list of prospective producers.
Molo could have a $10 to $20 billion in-situ value! Ya I said BILLION
This one stand alone graphite deposit starts at surface and has intervals of 80 to 120 meters grading an average of 8%Cg. Just some back of the hand math for you but that is 4Mt to 8Mt of in-situ graphite at 8% on just the Molo target alone. 8Mt at an avearage $2,000/tonne puts the insitu value of Molo at $16B. Northern Graphite and Focus Metals have 1Mt to 2Mt of in-situ graphite. With market caps that are 2 to 4 times that of Energizer Resources and potentially a quarter to half the graphite of either Bisset Creek or Lac Knife, there is serious potential for a revaluation of Energizer Resources to the 'pre-producer' category and a valuation more appropriate of a company who is capable of near term production. Northern Graphite's in-situ value even at $6000 per tonne isn't worth as much as just the one target at Green Giant... Molo.
Milestones that make this possible are...
The company's agreement with DRA to develop Green Giant.
The metallurgical results that confirm jumbo flake and initial recoveries of 93% C purity.
The simplicity of the ore and processing (most of the graphite is liberated in a simple crushing process without any flotation.)
These factors indicate that Energizer's Green Giant has all the qualities that a graphite deposit should have...
A minimal investment to operation.
The right mining characteristics with a high grade, at surface and wide deposit.
the right product with a jumbo flake,
The right metallurgy .... simple crushing achieves high purity product
and an agreement in place with a reputable mine builder.
The company has quietly identified a graphite camp at Green Giant and is materially undervalued considering they have in combination one of the largest and highest grading vanadium deposits in the world. Add that to what looks like one of the biggest concentrated graphite camp discoveries anywhere in the world in a country known for graphite production, it creates a scenario for potential high returns with Energizer's Green Giant positioned well on both value and growth metrics. What is certain is that Energizer has positioned themselves well in the materials sector in an area where there is certain growth over the next couple decades focusing on these strategic/critical technologically driven electrified metals.
Beat the Market will be touring Green Giant next week and giving you guys the full dirt on this up and coming and very promising electric metals pre-production mining company.
Beat the Market and the Graphite theme.
Beat the Market initially educated premium subscribers about Northern Graphite back in early June when it was clear the rare earths theme was dying. We featured Strike Graphite in September to subscribers and brought you the best performing graphite company on the venture Lomiko Metals. Solace Resources we originally featured in July and continually hinted this company was actively seeking projects and now Energizer Resources is a company that we feel is a cut above the rest in this emerging industry.
Read today's news release...
Energizer Releases Latest Molo Assays and Announces Resource Drill Program; Targeting 50 to 100 Million Tonne Graphite Deposit
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Was wondering that myself. Im wondering if they need a few more months to gather enough information to really wrap themselves around the vastness of the property to allow them to talk publicly like they would want.
You guys miss Aurcana? 1.05 pounded EOD
Sorry Rocket, missed that
Egz.v/ENZR.OB Halt and resumed. Graghite/Vanadium
This Molo zone alone, one of 17 zones has a larger resource than the resource of some of the other whole graphite companies. Graphite Results should continue pouring in from about 7 zones. They have a huge graphite resource, high grades, jumbo flake and DRA as their technical partner with cash. Energizer also has the 3rd largest vanadium deposit in the world. Their properties contain over 1000km2 and I think their strike for graphite is 320km. They were only a vanadium resource, but now the huge graphite deposit, that can be mined with straight forward methods should fuel the cash to drive the Vanadium to production CM
Energizer Releases Latest Molo Assays and Announces Resource Drill Program; Targeting 50 to 100 Million Tonne Graphite Deposit
TORONTO, ONTARIO--(Marketwire - April 30, 2012) - Energizer Resources Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) ("Energizer" or the "Company") is pleased to announce additional assay results from the Molo deposit on its Green Giant Project. The latest assays received from the Molo deposit confirm graphite mineralization is at surface, and extends to a vertical depth of at least 90 metres at grades between 6.9% and 14.6% carbon (C). The Molo graphite deposit is located on the joint venture (JV) property with Malagasy Minerals Limited ("Malagasy") (ASX:MGY) in Madagascar, in which Energizer has a 75% ownership interest.
Focus Will be on Molo Graphite Deposit - NI 43-101 Resource Drilling to Begin Within Two Weeks
These latest drill hole assays continue to confirm that extensive surficial graphite mineralization extends to depth over the Molo deposit. As a result, the Company is now focusing its full attention and resources behind fast tracking the delineation of a National Instrument 43-101 (NI 43-101) compliant resource at the Molo deposit. Based on work completed to date, the Company is targeting a resource between 50 and 100 million tonnes within a grade range of 6 to 10% C.
This resource delineation program is scheduled to begin within two weeks and is estimated to take two months. The resource drilling will total approximately 7,500 meters and will utilize two Boart Longyear diamond drills, which are already on site. Energizer's exploration team, led by Senior Vice President of Exploration Craig Scherba, P. Geol., has previous experience in this regard, having already delineated a NI 43-101 compliant stand-alone vanadium resource of 49.5 million tonnes at an average grade of 0.693% V2O5 and an inferred resource of 9.7 million tonnes at an average grade of 0.632% V2O5, located on the Green Giant property.
Non-Compliant NI 43-101 Statement - The potential quantity and grade of the target graphite deposit is conceptual in nature and there has been insufficient exploration to adequately define a mineral resource in accordance with NI 43-101 requirements. Further exploration to define a compliant NI 43-101 resource will commence shortly, and although the Company sees no reason why a compliant mineral resource would not be defined there is no guarantee that further exploration will result in the target graphite deposit being defined as a mineral resource. The potential quantity and grade of the target graphite deposits have been determined through the progression of exploration methodology and initial metallurgical testing. This included airborne surveys, ground geophysics, mapping, trenching and diamond drill holes, in conjunction with assay results. The low range of the resource target is based on confirmed surficial mineralization and drill hole intersection assays to date. The high range of the resource target is based solely on confirmed surficial mineralization with no sub-surface drilling. Samples are collected in accordance with strict QA/QC protocols, and sent to accredited test facilities for obtaining assay results.
DRA Engineers to Begin Outlining Mine Site
Shortly after the commencement of drilling, DRA Mineral Projects will send an engineering team to site to begin quantifying data required for a Preliminary Economic Assessment (PEA) of the Molo deposit. During this time, DRA will begin outlining the mine site parameters, including production facilities and infrastructure.
Jumbo Flake Graphite at an Average Purity of 93% Confirmed
Preliminary metallurgical analysis indicates that Jumbo flake (i.e. +50 mesh) graphite at an average purity of 93% C can be easily liberated through simple crushing of the Molo deposit graphite.
This metallurgical insight, coupled with the wide widths and high grades quantified through assays, has prompted the Company to expedite and focus its full attention on the delineation of a NI 43-101 compliant resource at the Molo deposit.
Molo Graphite Assays Continue to Confirm Size and Grade
The Company has now received assay results from 5 of the 7 diamond drill holes completed over the Molo deposit. Of the 7 drill holes, 6 were drilled into the western arm of a fold, with a strike length of at least 2 kilometres, with the remaining hole (MOLO-06) drilled into a surficially exposed graphitic ridge 1 kilometre to the west of the central core of the Molo deposit. Of the holes received (MOLO-01 to MOLO-05), graphite mineralization was intersected to a down-hole depth of 108 metres, with composited grades ranging from 6.94% C to 14.63% C. The table below summarizes the intersections from all 5 holes received.
Drill Hole From (m) To (m) Interval (m) C%)
MOLO-01 0 108 108 8.8
incl. 23 72 49 10.09
incl. 83 106 23 10.03
MOLO-02* 0 20 20 6.94
MOLO-03 39 126 87 7.4
MOLO-04 9.5 23 13.5 14.63
MOLO-04 50 104 54 7.27
MOLO-05 37 125 88 7.92
*Molo-02 was drilled in the opposite direction of Molo-1 from the same collar location.
Additional Fotsy and Fondrana Assays Confirm Multiple Stand-Alone Graphite Deposit Potential
Energizer turned its attention to graphite in November 2011, and continues to identify new graphite opportunities on its 120 kilometre-long Green Giant Project. Through the completion of 29 diamond drill holes over 3,780 metres, 20 trenches over 1,900 metres, regional sampling with 670 prospecting samples, geological mapping of 3 areas, analysis of 3 airborne geophysical surveys, and the completion of 160.5 kilometres of ground-based electromagnetic geophysical surveying, the Company has identified over 320 kilometres of graphitic trends.
The Company has now received assay results from 12 of the 14 diamond drill holes completed over the Fotsy deposit, and 5 of the 6 diamond drill holes completed over the Fondrana deposit. Graphite mineralization was intersected to a down-hole depth of 138.5 metres, with composited grades ranging from 5.19% C to 12.16% C. The table below summarizes the intersections from all recently received drill holes.
Drill Hole From (m) To (m) Interval (m) C%)
FOND-04 15 40.5 25.5 5.27
FOND-04 69 135 66 5.63
FOND-06 62.05 68 5.95 6.2
FOTSY-07 7 21.37 14.37 5.27
FOTSY-07 41.44 53.7 12.26 6.34
FOTSY-11 12 17.5 5.5 5.74
FOTSY-11 126.5 138.5 12 6.91
FOTSY-12 67.43 72.5 5.07 12.16
FOTSY-12 74 88.75 14.75 5.49
FOTSY-12 112.35 119 6.65 9.9
FOTSY-13 27 61 34 5.19
The assay results for the Fotsy and Fondrana confirm the Green Giant Project has the potential to host multiple stand-alone graphite deposits. In order to expedite project development however, the Company will focus exploration and engineering efforts on the Molo graphite deposit.
Qualified Person
Craig Scherba, Senior Vice President Exploration and Operations for Madagascar, P.Geol., is the qualified person for the technical information provided in this release.
GWA.v Gowest Gold...Trelawny has a large resource 6.9million oz averaging less than 1 gram per ton. By contrast and right up the road, Gowest Golds current resource of 1.2 million ounces at over 6 gpt uses a cutoff of 3grams per ton. This resource is nearly 1 year old and is soon to be updated.
http://www.gowestgold.com/downloads/AGM%20Presentation%20April%202012.pdf
From slide 7 of the presentation (link above)on their Frankfield property, you can see the 1.2 million comes from the 2nd zone with the strike of 750 meters and the depth of 800m. Its easy to see, when you look at the results from the drilling and the area of the next 2 outer zones (dark gold & hatched)out to 1300 m strike and 1000 deep, that the resource will will be significantly re-rated to near double, say 2 million ounces and still at over 6gpt. This should be out in the next 2-3 months. Additionally they have some results coming soon from down to 1300 meters deep.
Also note North Timmins Gold Project has a 60 km land package with 2 partially delineated and 17 new targets recently identified with Frankfield East Signatures. These targets were identified from recent magnetic anomalies found from the fly over and other geo studies.
The most surprising thing to me, is that Gowest sits today with all this, an experienced on board mine development team, plenty of insider buying, plus a very robust PEA on just the 1.2 million for only a market cap of $13.5 million.
Thats $11 per ounce in the ground now or just over $5 per ounce if they post the 2 million ounces. Not to mention the grades are 6+ and rising at depth.
Link back for the PEA study
Checkmate28
Dr Air Probably depend on what cutoff they can show as profitable in the PEA but you might be right there. If so $168 seems expensive today for pre developed ounces, but there is the exploration upside. At any rate it is nice to see the deal. Might help get things going.
You noticed in their Denver presentation, Aurizon is looking to grow by buying production with its 210 million cash? I thought they were looking at TRR They still could make an offer.
From the presentation, they also have a refractory property they are very excited about, because the grades, as they say make the refractory story a very different situation. They spoke of the credibility it would carry to be the first in the area to produce this ore using the autoclave.
Hummm You know where I'm going :)
Checkmate28
AUN.wt bidding .38 Up very nice since it came out at .25 a short time ago
Trelawny Takeout by IAMGOLD For reference, Net of the 100+ million in cash, IAMGOLD will pay $73.40 ounce for the 6.9 million ounces that is 85% inferred and grades less than 1 gram.
LSG Lakeshore Gold, I was waiting for the bottom. .75 the other day looked real tasty (now .90), as did Avion Gold AVR at .79 (now .95) & Golden Minerals just above $6 now 6.86 but Im happy to keep some cash. Excited about MMT.v & AUN,v going forward.
I bought some ENZR.OB EGZ.v energizer resources for their high Graphite + Vanadium resource. Vanadium supercharged batteries and graphene have a further.
Backed with the cash and resources from DRA Mineral Projects, Africa’s leading mine development firm as their technical partner they should have no problems building out the graphite project.
The company presentation has some interesting information on the science even if your not interested in the stock.
Samsung -rolling bendable phone made from graphene for instance
http://www.energizerresources.com/images/book6/files/pdac_2012_presentation_march_6_2012.pdf
http://www.graphiteblog.com/2012/04/mondays-graphite-market-mover-energizer-resources.html
checkmate28