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rmryan

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  1. ***St George Mining  10-bagger potential on the cards St George Mining [ASX:SGQ] is one of the best speculative stocks on the Resource Speculator buy list. St George hit high-grade nickel-copper sulphides at its Mt Alexander project last week, which saw the share price double. The company is now trading slightly lower at 19 cents per share  81% above the buy-in price of 10.5 cents. I talked about its huge potential in your January 5 weekly update.To refresh your memory, here’s quick snippet: Mt Alexander looks too good to be true. Its discovery hole was higher grade and at a shallower depth than Sirius’ Nova deposit. Remember, the Nova discovery sent Sirius’ share price flying from five cents to 50 cents in a couple of months. It reported back in 2012: • 4 metres at 3.8% nickel and 1.42% copper from 191 metres below ground. In comparison, Mt Alexander’s discovery was back in 2008. BHP reported intersections including, • 4 metres at 4.9% nickel, 1.7% copper and 3.9 grams per tonne total PGEs from 91 metres below ground, • 3 metres at 3.8% nickel, 1.6% copper and 2.7 grams per tonne total PGEs from 56.3 metres below ground. Only three strong conductors were drilled at Mt Alexander by BHP. In the past, I’ve likened a conductor to a shiny spot underground which could represent massive nickel sulphides. Well, all three conductors returned high-grade nickel-copper sulphides. This is a great hit rate. And with several untested conductors at Mt Alexander, it bodes well for successful drilling in 2016. Indeed, every conductor has hit high-grade nickel-copper sulphides. In other words, the project boasts a 100% success rate. This is extremely rare for a resources minnow… Long-time readers know the speculative mining game isn’t easy. There are plenty of stocks with great geology, geophysics and geochemistry. However, when the drill piece hits the ground, the fairy tale story ends in tears. The fact is that the vast majority of conductors amount to nothing. After all, they’re merely anomalies underground. St George doesn’t have this problem. It’s a success story. The investment community is waking up...slowly. Following last week’s results, the company’s become a rising star of the resources industry. St George hit more high-grade nickel-copper sulphides at its Cathedrals prospect, Mt Alexander. Cathedrals  and a number of other prospects (which I’ll discuss next week)  is shown on the map below. Source: St George Mining Click to enlarge St George drilled five holes into targeted conductors, with four hitting massive nickel-copper sulphides. Drill hole MAD14 missed its conductor. In this case, the hole technically wasn’t unsuccessful. I’ll explain more below. First, though, some overall thoughts on the drilling program. The good and bad St George found exceptionally high-grade nickel and copper sulphides. The nickel grades from drill hole, MAD15, ranged from 6.7% to 10.9%, averaging 8.9%. The copper grades ranged from 1.24% to 5.85%, averaging 3.2%. This is possibly one of the highest-grade nickel-copper discoveries in the world! As you can see, the grades dwarfed Sirius’ discovery hole at Nova, which found 3.8% nickel and 1.42% copper. Moreover, MAD15 hit its high-grade nickel-copper sulphides merely 30 metres below the ground. This is extremely shallow. In comparison, Sirius’ high-grade nickel-copper sulphides were found 191 metres below the ground. There’s no question why the share price skyrocketed on the news. Unfortunately, not enough to make it a 10-bagger…yet. There’s a good reason why. The high-grade intersections were lacking severely in thickness. They were around 1–2 metres in width. Reviewing the rest of the results, outside these high-grade zones, I didn’t fall off my seat. This isn’t great. So, not surprisingly, the share price stalled. Remember, we’re still in the middle of a resources bear market. In this kind of market, punters have huge expectations. If St George wants to become a 10-bagger in the future, it must hit thicker, high-grade nickel-copper sulphides. This will take time. But, so far, so good. Now let’s dig deeper look into the geology… The Cathedral Prospect  advanced geological analysis It appears the main high-grade nickel-copper mineralisation exists in a different location. In other words, they’ve just found the secondary mineralisation. In technical terms, St George refers to this as ‘stringer sulphides’. You’re probably thinking, so where’s the treasure chest? Obviously, it’s too early to say. This nickel discovery is unique. It’s very different to every discovery made in Western Australia. Although it’s a bit of a stretch, you could compare Mt Alexander to Cosmos and Flying Fox, both owned by Western Areas [ASX:WSA]. Cosmos started as a 40,000 tonne high-grade nickel deposit at 95 metres below ground. Following a rift of successful drilling, the mineralisation grew to 500,000 tonnes of contained nickel across multiple deposits, which were buried at depth. Cosmos is a tier-one asset  a requirement for any major commodities producer. Flying Fox has a resource totalling 104,841 tonnes of contained nickel. Although it has a five year mine life, it’s produced high-grade nickel for over nine years. This is a tier-one asset. In comparison to these projects, Mt Alexander is unique because of its ‘intrusion’ of ‘granites’ style mineralisation. If that went over your head, don’t sweat. You’re not alone! I’ll explain… In simple terms, an ‘intrusion’ is crystallised rock. Over hundreds of millions of years, magma travels through the rock cracks towards the surface. The magma eventually gets caught in tight spaces, where it crystallises (hopefully) into thick high-grade nickel-copper sulphides. OK, with ‘intrusion’ out of the way, let’s tick ‘granite’ off the list. Granite is a type of ‘igneous rock’  a term you may recall from high-school chemistry. Granitic magmas are famous for being buoyant and lighter in weight. In this case, compared to heavier magmas, it’s possible that granitic magmas could travel further to surface. Or, further away from the main mineralisation source. Drilling deeper Ideally, it would be great to have hit a ‘pool’ of thick, high-grade sulphides. But this wasn’t the case. St George hit a lot of thin high-grade nickel-copper sulphides. Because of the magma action, it’s clear the sulphides are more wide-spread around Mt Alexander. With this in mind, check out the map below. It shows the recent drilling program at Cathedrals. Source: St George Mining; Resource Speculator Click to enlarge I realise the map is quite busy and tough on the eyes. But it’s got a lot of useful information. I reviewed the BHP Billiton and Western Areas results from 2008. I also analysed the St George drill holes. I then plotted the most crucial drill holes from all the drilling programs. In this case, you might want to have a closer look at the map later. (If you don’t want to look at the map later, it won’t impact the analysis.) My analysis shows the main high-grade nickel mineralisation could be buried deeper, just like Cosmos. Remember, Cosmos started at 95 metres below the ground. Mt Alexander’s at roughly 30 metres below the ground today. How much deeper do we need to go? Breaking down the theory, the best nickel-copper sulphide finds trend east-north-east (ENE). In comparison, the more recent west-north-west drill holes  MAD17 and 19  weren’t fantastic. They hit even thinner sulphides, which were buried around 170 metres below the ground. I expect this result caused the minor share price selloff this week. Moreover, the drill hole which missed the conductor  MAD14  is off to the west. Now, I said not to write this off above. An old BHP drill hole â€â€ÂÂÂÂMARC49  hit six metres of nickel, grading 3.3% 60 metres below the ground. This drill hole was right next door to MAD14. Adding it up, with the best high-grade results trending ENE, it seems like they’re in the right location. But the holes have missed the sweet spot. This suggests the drilling gradient is off. In other words, they could be working on top of the treasure chest now. I’d really like to see the company drill a deeper hole, with a sharper dip. This could deliver the goods we’re looking for. Forward looking plan I expect the company will drill a deeper hole, perhaps in June. First, St George needs to undertake its own below-ground analysis. This is currently underway with Matt McCarthy (ex-BHP geologist) and Dr Martin Gole (a leading geologist on WA nickel deposits) connecting the dots. Terry Streeter, founder of Western Areas, is excited. Streeter became a major shareholder in St George in March. If you’re wondering what attracted Streeter, it’s quite simple. John Prineas, St George’s executive chairman, told MiningNews.net, ‘“Since retiring from Western Areas, St George is the only company he believes could be another Western Areas. In fact, he is happy to be quoted as saying ‘St George will be the next Western Areas’.â€ÂÂÂÂÂ’ Indeed, there’s a good chance this could be the case. It’s clear that there’s potentially a major mineralisation source nearby. These aren’t low-grade intersections we’re talking about. The Cathedral prospect could turn into a very large and profitable nickel-copper mine. Of course, patience is a virtue. We must see thicker, high grade results moving forward. This could take some time. Until then, while it’s looking good, I won’t amend the buy-up-to price. Rest assured; I’m following this story closely.
  2. quote below from my guru... Bassari will be producing gold within 12 months of receipt of permit - the deposit is shallow and high grade Bassari has a second to none series of mining tenements spanning about 70 kilometres or more of highly prospective Birimian gold belt that has artisanal (picks and shovels – local miners) workings throughout the tenements Once operations are underway and cashflow is being generated there will be a more significant series of drilling campaigns - not only exploration away from Makabingui but infill at Makabingui to extensions to the existing reserve/resource - the geologists have already mapped out the targets that will be drilled but generating cashflow is the priority YThere is already drilling underway that is just starting now. The other thing that was important to me is that I also queried the IRR of 404% and was very pleased to hear that those numbers still do stack up (and stack up down to $1,000 low gold prices as well - just in case Gold does not take off as a lot of people expect) and that payback will be very short - less than 12 months. The economics of this project are remarkable - compare it with GRY Gryphon Minerals who have an IRR of 42.2% in their upscaled feasability study I am not suggesting that either developer will go all the way to previous highs - or how quickly they will move higher - however GRY had been $2.20 and BSR had been 35 cents when gold was last in favour – and gold appears to be coming back to life- and my humble opinion is that they are both poised for an uplift as what moves a share price the most is a new discovery or progression from one stage of a development to the next.
  3. volume there now she is away
  4. arrrrrrrrrr what a day 200% on ops and a 100 % share
  5. ST GEORGE INTERSECTS HIGH GRADE NICKEL-COPPER SULPHIDES AT MT ALEXANDER HIGHLIGHTS: • Drilling intersects new high grade intervals of nickel-copper sulphide mineralisation in two previously untested electromagnetic (EM) conductors • Massive nickel-copper sulphides discovered at shallow depth 30m below surface • High success rate of drilling EM conductors in the Cathedrals shear zone • New surface EM survey at the Investigators target has identified three strong EM conductors located over 2km west of Cathedrals • Anomaly 2 at Investigators has an extremely high conductivity of 47,000 Siemens which is the strongest conductor ever detected at Mt Alexander • Drilling of high priority EM conductors at Cathedrals and Stricklands is continuing DRILLING SUCCESS AT MT ALEXANDER St George Mining Limited (ASX: SGQ) (‘St George Mining’ or ‘the Company’) is pleased to announce that high grade massive nickel-copper sulphide mineralisation has been intersected at the Mt Alexander Project in Western Australia. Three diamond holes have been drilled and two EM conductors have been tested at the Cathedrals Prospect so far in the current drill programme. Both of the EM conductors have been confirmed as nickelcopper sulphide mineralisation. Together with the three EM conductors successfully drilled by BHP Billiton in 2008, the Cathedrals Prospect has an extraordinary success rate of testing EM conductors. Drill holes MAD15 and MAD16 have been completed by St George to a downhole depth of 100m and 120m, respectively. Diamond core drilling was completed from surface to the end of hole in both cases. MAD15 intersected approximately 9m of sulphide mineralisation from 22.4m to 31.34m. This intersection includes 2.17m of heavy disseminated and stringer sulphides from 28 to 30.17m, and 1.17m of massive nickel-copper sulphides between 30.17 to 31.34m. The nickel values of the massive sulphide range from 6.7%Ni to 10.9%Ni and average 8.9%Ni. Copper values in the massive sulphide range from 1.24%Cu to 5.85%Cu and average 3.2%Cu. These metal values are based on XRF analysis at 10cm spaced readings. MAD16 intersected approximately 9.5m of sulphide mineralisation from 51.7m to 61.25m. This intersection includes 2.25m of moderate-heavy disseminated and blebby sulphides with multiple massive sulphide stringers from 59m. The stringer and blebby sulphides have nickel and copper values up to 10- 15%Ni and 10-15%Cu (based on XRF analysis). Both MAD15 and MAD16 intersected nickel-copper sulphide mineralisation exactly where predicted by the
  6. up 50% ....away we go !!!! yeeeehaaaaaaaaaaa
  7. rmryan

    GRY

    this is taking off hold on for the ride punters
  8. she is away finally ....time to make some serious cash 3 cents first stop
  9. StGeorge Mining [ASX:SGQ] has been on the buy recommendation list since June. During this time, the share price has traded to a low of 5.2 cents- below the buy-up-to price of 12 cents. lfs now trading at 9 cents. While the share price activity has been underwhelming, blue sky potential remains. St George is hunting its East Laverton nickel prospect, located in Westem Australia, for nickel-copper sulphides. So far, ifs been nearly a four year treasure hunt. Indeed, a fair bit of time and with little tangible success to show. Yet, all this data should prove worthwhile ... StGeorge has always been a strategic, speculative recommendation. It's important to realise that exploration isn't a get rich quick scheme. Most of the time, it takes years (and millions of dollars) to make a discovery. Newexco, StGeorge's geo-technical partner, should know. You may recall that Newexco is the mineral exploration company that helped tum Western Areas [ASX:WSA], Sirius Resources [ASX:SIR], and Sandfire Resources [ASX:SFR] into household names. They were all minnow stocks before Newexco helped them find the motherlode. But this took plenty of patience. It took Newexco over two years to find Western Area's Flying Fox, and another two years to find Spotted QuoII. These are two of the highest grade, lowest cost nickel sulphide deposits in the world. Sandfire took around three years to find DeGrussa, its high-grade copper-gold project. Furthermore, the Monty prospect, which is currenUy in the news, was first drilled by Talisman Mining [ASX:TLM] about three years ago. Talisman gave up. Then Sandfire took over the exploration and discovered a massive copper sulphide mineralisation this year. The point is,wortd-class discoveries aren't made overnight. Successful exploration requires a persistent and systematic process. It also requires the right geological ingredients. All of the Resoun:e Speculator speculative nickel-copper sulphide companies exhibit these two qualities. St George, however, is the most ignored and underrated company on the buy recommendation list. This is why Ilike it. To understand why many others don't, let's have a look at the most recent exploration program. This program received significant hype, but didn't amount to much•.. -June to September's exploration program The most recent exploration program mainly targeted Desert Dragon. Along with other targets that may host massive nickel-copper sulphides, Desert Dragon is shown on the map below in the red box: StGeorge has explored the Desert Dragon North and Central areas since 2012. After plenty of geological analysis, the last program drilled a number of electromagnetic {EM) conductors. To refresh your memory, a 'conductor' is a shiny reflective zone under the ground. The EM survey measures the electrical conductivity of the subsurface, with the aim of finding rich mineral deposits. The bottom line is that even with all their sub-surface analysis, geologists never know exactly what's down there until the drilling results come back. That said, EM conductors are a good place to start with the exploration process -many major resource discoveries have come from drilling them. Unfortunately, the most recently drilled conductors proved to be lower grade nickel, copperandzincsulphides-nothingtogetshareholdersexcitedabout. Yet the majority of holes did intersect ultramafic rocks. All world class nickel-copper discoveries boast this rock source. Drill hole DDRDD0004 was the most interesting. Unfortunately, finding lower-grade sulphides, it didn't pan out. Yet, after analysing the results, StGeorge discovered a strong conductor close by. This conductor may represent the massive nickel sulphide body, which DDRDD0004 missed. It will be tested in the current drill program (discussed below). This is a hole that you should keep your eyes on. Also of significance is a very powerful EM conductor found beneath DDRDD0005- a hole with visible copper and zinc sulphides. This EM anomaly, to be drilled in the current program, has an extremely high conductance of 61,000 Siemens. In the geology world, this kind of conductance is almost unheard of! While the other conductors didn't live up to the company's hype, they did intercept lower sulphide ultramafic rocks. Typically, massive nickel sulphides are deposited at the base or sides of the lower­ grade ultramafic rocks. Here's what StGeorge had to say (with my emphasis): 'In structurally complex environments such as Desert Dragon Central, it is also possible for the target massive body to be somewhat dislocated from the host ultramafic by later deformation. 'The complex structural deformation obseNed at Desert Dragon Central is also characteristic of a number of major nickel sulphide deposits such as Cosmos (+500,000t contained Ni at the Cosmos camp) and Rocky's Reward (+200,000t contained Ni) in the Agnew-Wiluna belt.' In other words, Desert Dragon's high-grade body is most likely separated from the low.grade rock drilled to date. You can think of this like joining pieces of a puzzle... Geological modelling suggests that the lower grade finds are 'pieces', which drifted from the 'massive nickel sulphide mineralisation body'. As the company continues to drill and undertake more below ground analysis, they'll put more pieces of the puzzle together. So while the results haven't been overwhelming, don't write off Desert Dragon just yet! This is a story still in the making. Eventually, I believe that this higher grade resource will be discovered. Though, this may well take some time ... *** The current exploration program StGeorge kicked off an extensive, fully-funded 7,000 metre drilling program at East Laverton on Monday. The program will test its Windsor and Desert Dragon prospects. Windsor is the company's golden child. When I initially recommended StGeorge in June, I said 'this will be an exciting prospect to keep your eyes on ...' (The company hasn't drilled it since my recommendation.) The company's technical team rates Windsor as the best prospect at East Laverton. StGeorge is most interested in the eastern side of this project's mineralisation trend. Particularly, a two kilometre geological channel believed to hold the nickel-copper sulphide motherlode. Only 200 metres, or 0.2%, of this channel has been drilled. With plenty of upside on the table, this program should test around 20% ofthe region. Regarding the potential on offer, St George Mining Executive Chairman John Prineas offers some thoughts: 'The Windsor ultramafic has significant nickel sulphide mineralisation and a high probability of hosting massive nickel sulphides. 'We are excited to be drilling again at Windsor where all the exploration data is telling us that we have a tremendous opportunity for a breakthrough discovery.' But this isn't all... As mentioned, the company is heading back to Desert Dragon. As it stands, five EM conductors will be drilled. Three of the conductors were found analysing the recent drill results. Two are brand new, highly compelling targets. If you like buying companies with heaps of news flow, you'll have plenty to read over at St George in the coming weeks. - Huge potential on offer While there's lots of potential on offer, the company's enterprise value (market capitalisation less cash) still sits around a measly $10 million. Why? Because the market prices St George as a total write-off! I believe this is a mistake. After analysing four years' worth of geo-data, St George is preparing to drill a number of very hot targets. In the words of John Prineas: 'All the EM targets scheduled for drilling are "must drill" targets and any one of these could deliver a major discovery.' As history shows with Sirius Resources, Sandfire Resources, and Western Areas, St George could be just one drill hole away from finding the motherlode. And let's not forget, Newexco is no chump in the exploration game. It helped turn these companies into household names. • Resource Speculator stock pick, Western Areas had a market cap $7.4 million at its IPO. It's now worth $861 million. • Sirius Resources had a market cap of $8 million at discovery. It was recently acquired for $1.8 billion. • Sandfire Resources had a market capitalisation of $10 million and a share price of 15 cents at discovery in April 2009. After the share price peaked at $8.99 in December 2012, it's now trading at $6.00 with a market capitalisation of $914 million. In my view, the potential rewards far outweigh the risks on the table. Especially, considering St George is undergoing the same - consistent and systematic - exploration approach that the big boys did before announcing their discoveries. Remember, any hint of a discovery should put a rocket beneath St George's share price. This is a story worth following and stock worth owning. There is, of course, one important rule to remember: If you want to maximise your potential reward and minimise any losses. buy at or below the buy-up-to price of 12 cents. ***Axiom Mining -High Court result this month? Your May Resource Speculator report featured Axiom Mining [ASX:AVQ]. Axiom is trading at 35.5 cents, below the buy-up-to price of 39 cents. But the days may be numbered for Axiom's cheap share price... Axiom is sitting on, possibly, the world's largest, richest and most shallow nickel projects. Yet the company is valued at less than $100 million. What's the catch? It's locked in the final stages of a lawsuit over the Isabel nickel project, located in the Solomon Islands. While the court hearing ended in early June, the result now seems imminent. The Court of Appeal sits twice a year- in April and October. With four months passed since the hearing, Axiom's result may be delivered this month. However, six months is typically considered to be a reasonable time for passing a judgment. If it takes longer, any party can raise the issue with the Chief Justice. Regardless of when the verdict is handed down, I believe Axiom is worth a punt. Based on previous history, outlined in your May report, I believe that Axiom should win the legal case. It's worth pointing out that on 7 July 1978, the Solomon Islands joined the Commonwealth, with Queen Elizabeth II as its Head of State, represented by a Governor-General. Yes, the Solomon Islands is riddled with corruption. But the judges in this case are Australian, and likely to hold up Commonwealth values such as fairness, equity and right of ownership. A successful result should see are-rating of its share price by up to 50%. If it loses, shareholders will likely lose 70% or more of their capital. Fair warning! This is why, as good as the project sounds, for now Axiom remains a speculative company. In the meantime, Axiom is going ahead with business with the assumption that it's won the case. It's just announced a total measured, indicated and inferred mineral resource estimate of 4.8 million tonnes at 1.3% nickel and 0.08% cobalt. The majority of nickel was defined as 'measured', the best category. Furthermore, the total estimate only covers 10% of the known mineralised area! The focus is now on applying for a mining license mid-month. Off take agreements should shortly follow. Once all this happens, and the court verdict is handed down, funding should be announced for the Isabel nickel project. Production should commence shortly after, with a year-end production start date not out of the question.
  10. gents is this for CUV web site ?....some of you need to let it go sing the frozen theme song .....let it go let it go ...please Topic Title Subforum Replies Views Last Action New Posts CUV CLINUVEL PHARMACEUTICALS LIMITED By Share Code 25,887 3,637,109 Today, 12:28 PM Kiwi1 New Posts CDU CUDECO LIMITED By Share Code 2,212 141,807 Today, 11:10 AM grandad New Posts CCF CARBON CONSCIOUS LIMITED By Share Code 35 1,343 Today, 10:26 AM mme New Posts QUR QUANTUM RESOURCES LIMITED By Share Code 103 14,036 Today, 09:49 AM melua New Posts China the monster. Investment Discussion 1,442 82,928 Today, 09:48 AM triage New Posts PRG PROGRAMMED MAINTENANCE SERVICES LIMITED By Share Code 15 4,460 Today, 09:32 AM alonso No New Posts The top of this cycle for ASX200, cash is king ? Investment Discussion 8,136 503,457 Today, 09:29 AM slayer New Posts LOM LUCAPA DIAMOND COMPANY LIMITED By Share Code 335 83,136 Today, 09:02 AM cooderman New Posts Index Trading xjo, dow, dax, ftse Macro Factors 14,479 565,689 Today, 08:43 AM KianJ
  11. rmryan

    TGS

    http://www.smh.com.au/business/mining-and-...215-glnnwu.html
  12. rmryan

    GRY

    time to load up here
  13. what happened to the rocket ?
  14. approval to mine very close ....then the party begins
  15. http://www.businessinsider.com.au/mesoblas...n-a-tear-2015-9 ready to rocket
  16. Why Bassari has vast potential: The world economy is slowing Countries are inflating to try and get their economies going again. Those that cannot inflate (where for example they cannot print money), are spending all they can raise and all they can borrow. Greece, Russia, and Argentina are fine examples. They either cannot repay debts or can only do so with vastly devalued currencies. Investors are losing faith in the borrowers and in their currencies. Many other countries are likely to eventually join this select group. Share markets are weak, and good stocks, if they can be found, yield little. Where do those with funds put their money? Gold in its physical form, is now considered by many to be a safe haven, its value is beyond the control of governments, and the capacity to get control of the physical is largely, beyond the hands of governments. Senegal: Has probably the richest and most extensive new gold province in existence, anywhere. There are, according to reports many many thousands of artisanal miners successfully extracting gold in South Eastern Senegal, with little more than picks and shovels. (the Senegalese army has moved some from the Bassari tenements). The Bassari tenements have over 80 kilometres of gold strikes. With around 30 with high enough grades to warrant extensive drilling to prove up to be mineable. Makabingui has over 1,000,000 ounces of resources, with surrounding gold strikes that with further drilling will probably prove to to 1,000,000 ounces of reserves. Konkoutou, in BSR's northern tenement, appears to have gold ore running right to the surface over a very significant area, and several extensive high grade gold drilling intercepts. Senegal is the country of choice for western countries to construct their embassies. Senegal has a 60 year history of stable democratic rule. Has an effective army that has a long history of international peace keeping. Management of BSR. It is lean, has one director living permanently in Senegal and the chairman residing there for many months of the year. Mining contractors are likely to not only mine ore, but crush it. The existing plant can extract by the gravity method up to 93% of contained gold. Delays have arisen from 2 major events, the Government delay in removing the artisanal miners from the tenements, and the introduction of the requirement that environmental plans for rehabilitation of mining sites be submitted prior to the granting of permits. (In Australia rehabilitation plans are usually not required prior to the granting of permits). Those plans required have been lodged, and the residents' meetings should be held within 2 or 3 weeks. BSR has experience with these meetings (the alluvial operation). No problems or delays are expected. The permits should be issued within 8 weeks thereafter. Mining can commence within a week or so of the grant of the permit. The plant does not all have to all be in place before mining. The initial open cut operation will require the removal of little overburden, and may well result in over 50,000 ounces per year. The mining margin will be around $500.00 per ounce. The new director has a very good reputation (from enquiries made outside of BSR). My view is that many millions of reserves are likely to be found within 3 or 4 years of mining commencing. It would not be surprising if within three years, the share price rises to over 30 times the current price. The down side risks are, in my judgment, very small. The mine life is probably well over 10 years. BSR's poor share price reflects 1. The constant selling by Hill End Gold of its holdings. That company seems to have no money, and other than assets of very poor value. To survive, it is slowly realising its share price gains from investing in BSR; and, 2. the aversion of most investors in the market to invest in assets that do not currently produce a regular yield.
  17. been following this for a few yrs looks like approvals close then raise 12 mil and the mine is up and running .....high grade in a market that may be looking for gold very soon
  18. Gee Harry looks to be in the same league as Mal James from tattsbet trying to predict one winner at mornington races .....terrible form all round
  19. rmryan

    AUD

    im following you in short the fark out of the AUD
  20. could this report be true ???....help http://economictimes.indiatimes.com/news/i...ow/29110568.cms
  21. load up on interest rates not going up for the next 5 to 10 yrs in the US ............they can't for there foooooooooked ...well they probably are anyway.. what the best way to gamble ..sorry invest in that ?
  22. I liked what the DR said back in july NEWS RELEASE FOR IMMEDIATE RELEASE July 17, 2013 STRONG KINGFISH GROWTH FOR CLEAN SEAS Clean Seas is experiencing strong growth with its new season Kingfish, with the ASX-listed company today announcing that development rates are the best they have produced in recent years. The 2013 season Kingfish fingerlings are approximately halfway through their lifecycle since being introduced in November last year and have recorded average fish weights of 1.6kg from leading pens – more than double the average fish weight recorded by the 2012 season fingerlings at the same time last year. Survival rates have also greatly improved this season with a 92.5% survival rate for the 2013 Kingfish fingerlings compared to this time last year when the survival rate for the 2012 fingerlings was only 47.2%. Clean Seas CEO, Dr Craig Foster, said the company is buoyed by the results. “Our new season Kingfish fingerlings are in extremely good health and are recording higher body weights than previous years which is really pleasing,†he said. “Survival rates have also been consistently strong over their lifecycle, and in fact are the strongest we have produced in recent years.†As a result of the impressive performance of the new season Kingfish fingerlings, Clean Seas has confirmed it will take the next step in its growth strategy to lift annual Kingfish production from 500 tonnes to between 1,100 and 1,500 tonnes by 2015. “Our short-term goal is to boost Kingfish annual production from 500 tonnes to 1,500 tonnes by 2015, while our five-year production target remains 3,000 tonnes per annum,†said Dr Foster, adding that demand for Clean Seas’ Kingfish remains strong with farmgate prices above $14 per kilogram. The interim results for Clean Seas’ 2013 Kingfish fingerlings follow the company’s announcement in May that a recent renounceable entitlement issue had closed fully subscribed raising a total of $3,607,907 (excluding fees and commissions) to further invest in building Kingfish production. “Our key performance measures are ahead of target and the overall performance is consistent with our strategy to re-focus and re-build a profitable business based on sustainable Kingfish production,†Dr Foster said.
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