AI
Thursday, November 17, 2011 1:03:01 AM
7 is a magic number mith! 
And since we're talking miners here... this is a conversation I picked up on from someone knowledgeable about Phosphate. (by the way, its posted on the OPL.V board, which is a technology stock that has the POET Chip = goodbye Silicon, hello GaAs)
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30381183&l=0&r=0&s=OPL&t=LIST
"Do your own DD, but here's what I came up with.
They're estimating 30+MM tons in a 7km2 portion that represents phase 1. That's a minuscule portion of their more than 1200 km2 property: high-grade uncontaminated, easily-mined phosphate.
Mgmt. is "comfortable" with at least tripling that, and what's really exciting is they're only 15% of the entire Tilemsi valley (world-class geology, along the lines of Morocco deposits which supply 75% of the world's phosphate).
Based on the avg. thickness of the seams -- nearly 2 meters -- avg. grade of intersections, and s/g of 2.1, the prelim tonnage is 32.6MM, at up to 31% P2O5. Geochem rated the deposits free of pesky elements (cadmium under 1ppm, uranium < 10ppm) and really rich in Fe2O3 and Al2O3 (about 11pct). That ore's pretty clean.
There's very little overburden, and what little there is, is just sand and silt. Just like in Morocco.
Remote sensing map results give further support, based on positive outcrops, and once all the confirming holes are in (holes are on 250m centres; recall that phosphate occurs in beds, and is very consistent), you'll be starting the counter at 200MM tons of high-grade mineralization that's so easy to get at you might as well scrape it out from under the topsoil with a bucket.
Next, consider that GQ has 41MM shares out (45MM fully diluted), and a healthy amount of cash. Compare … oh, let's say with MBAC, who have a 43-101 with 33.5MM tons at 12.4%, a market cap of $280MM with 87MM (94MM f/d) shares outstanding, trading around $3. Even if GQ only duplicates their piddly wee 33MM tons, at double-plus the grade value, an $8 SP is not too difficult to contemplate.
With 200MM being nearly 10x that, well … you do the math.
I stand by my view of V.GQ SP: anything under $3 is a steal.
GLTA"
OPL.V Board + Extensive DD + 2 Big TA Charts = CHECK IT OUT!
http://investorshub.advfn.com/boards/board.aspx?board_id=21788
And since we're talking miners here... this is a conversation I picked up on from someone knowledgeable about Phosphate. (by the way, its posted on the OPL.V board, which is a technology stock that has the POET Chip = goodbye Silicon, hello GaAs)
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30381183&l=0&r=0&s=OPL&t=LIST
"Do your own DD, but here's what I came up with.
They're estimating 30+MM tons in a 7km2 portion that represents phase 1. That's a minuscule portion of their more than 1200 km2 property: high-grade uncontaminated, easily-mined phosphate.
Mgmt. is "comfortable" with at least tripling that, and what's really exciting is they're only 15% of the entire Tilemsi valley (world-class geology, along the lines of Morocco deposits which supply 75% of the world's phosphate).
Based on the avg. thickness of the seams -- nearly 2 meters -- avg. grade of intersections, and s/g of 2.1, the prelim tonnage is 32.6MM, at up to 31% P2O5. Geochem rated the deposits free of pesky elements (cadmium under 1ppm, uranium < 10ppm) and really rich in Fe2O3 and Al2O3 (about 11pct). That ore's pretty clean.
There's very little overburden, and what little there is, is just sand and silt. Just like in Morocco.
Remote sensing map results give further support, based on positive outcrops, and once all the confirming holes are in (holes are on 250m centres; recall that phosphate occurs in beds, and is very consistent), you'll be starting the counter at 200MM tons of high-grade mineralization that's so easy to get at you might as well scrape it out from under the topsoil with a bucket.
Next, consider that GQ has 41MM shares out (45MM fully diluted), and a healthy amount of cash. Compare … oh, let's say with MBAC, who have a 43-101 with 33.5MM tons at 12.4%, a market cap of $280MM with 87MM (94MM f/d) shares outstanding, trading around $3. Even if GQ only duplicates their piddly wee 33MM tons, at double-plus the grade value, an $8 SP is not too difficult to contemplate.
With 200MM being nearly 10x that, well … you do the math.
I stand by my view of V.GQ SP: anything under $3 is a steal.
GLTA"
OPL.V Board + Extensive DD + 2 Big TA Charts = CHECK IT OUT!
http://investorshub.advfn.com/boards/board.aspx?board_id=21788
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