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dr_dazmo

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Replying to you and Flowers. The Australian article included Havilah Resources on the list. Forgotten the others. Paper is in recycling bin.

 

Went to Canary Resources Gold Day last week. It was supported by BGF Equities. Ben Klein from BHF gave an excellent gold presp. They have just finished a new Gold Review it covrts 20 emerging producers and Producers. It is very, very good.

 

It picks IGR as its preferred producer in > 90kOz/a to 150kOz/a range.

 

I'm a client of BGF, but email Ben KLein at ben.klein@bgfequities.com .

 

IGR had big group visit Salt Creek yesterday.

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Apologies for the delay NMMer.

 

Others listed as Potential Takeover targets were:

Sandfire SFR - $7.75 - Copper-gold in the De Grussa project WA. OZL owns 19% stake

Buru Energy BRU - $.73 Controls oil provences - oil shale reserves

Maverick Drilling & Exploration - MAD - $.27 52 million barrels of proven and probable oil trading @ less than $2 per barrel

Cue Energy - CUE - $.28 Drilling in the Carnarvon Basin - potential for WPL to own it all for Pluto

AWE $1.25 Perth Basin shale gas. Long shot.

Integra Mining IGR $.48 Low cost gold producer with good exploration appeal

Iron Ore Holdings - IOH - $1.35 Consolidating iron ore reserves in the Pilbara

Havilah Resources - HAV - $.66 > 1,000,000 oz of gold and >500,000 of cu.

 

Above is not full article but pretty close

 

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Integra has remaining hedging of some 75,000 ounces for delivery in the next year. The price is A$1360.

Recently Integra announced a 480,000 ounce Ore Reserve so hedging is only 16% of our total Ore Reserves ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ the remaining production is sold at spot. The spot gold price is $1646 with both the gold price going up and the A$ going down.

Integra has a cost of production of ~$500 per ounce so +$1000 per ounce operating profit.

 

 

so sell as much as you want-smart money will pick it up!(to the sellers -whoever you are)

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lexus

 

Thought i was smart selling (primarly to get all holdings into super) a considerable holding last week for 48s and then buying back for 46s - not so smart now - i cannot work it ou,t gold up in both US and AU$s and as you say the hedging is only a small %age of the resource - but ncm still languishing - everyone really panicking now which is a good sign the bottom is nigh - any one else got some good thoughts? especially you chart boys

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Gold moving to PHASE 3 - GOLD GETTING EXPENSIVE-now smart money will go for gold shares.

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LS: That's exactly the way I see it--some ASX stocks like RMS--NST are simply making a fortune with no hedging no debt--at some point the enclosed ASX Gold Index WILL turnaround, BUT be very careful in stock selection--IMO

post-20731-1312783989_thumb.jpg

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