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  • 4 months later...
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I dont.

 

Get this weekends Weekend Australian and see columnist comment re low grades and use of Cu equivelance.

 

large upgrade (just after IPO) without any new drilling can only raise ones eyebrows.....?

 

multi element deposits very risky with metallurgy, and the grades to this deposit do not look that strong..

 

AC

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In reply to: ACTURTLE on Monday 09/04/07 03:25pm

I agree with Bromby's distaste for the use of metal equivalents - they started being used because lazy analysts couldn't handle the thoughts of two or more metals being in the ground in the same resource - it seems it was too hard for them to actually find out and know the price and relative value of different metals...

 

I don't like Cu Eq or Au Eq's either - people should just state what they have and what grade it is in what sort of reource category and be done with it.

 

But to quote from ASX release -

 

"Drill intercept in hole HRC 012 of 25m @ 6.1 g/t equivalent;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Drill intercept in hole NP 42 of 6m @ 10 g/t equivalent.

The resource upgrade is near 400% if the open cut potential to 100 metres depth is included. This is a significant outcome for Capital Mining coming after almost 6 years of work."

 

Leads me to beleive/suppose that this resource re-estimate is using mostly historical data with a few more recent holes and mabye clicking the "optimistic" button instead of the "pessemistic" button on Datamine or Vulcan or whatever they use. I think at todays metal prices and with current and future demand - I think people are entitled to click a bit on the "optimistic" button.

 

Don't be silly and don't be scared of muti-metal VHMS deposits - its a proven technology to get Au Ag Cu Pb and Zn amostly recovered in various concentrates, they have been and continue to do it for CBH, Oxiana, Kagara, Xstrada and I don't hear any of their shareholders complaining about multi elemant deposits...

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  • 1 year later...

CMY has been rather quiet since those initial fireworks just after listing. It would appear they have found tellurium and interest from a US$20bn company at the same time.

 

From the Australian

 

QUOTE

Capital's glowing feeling
May 13, 2008
ALL eyes might be on Canberra and the Rudd Government's first ever budget, but Daily Assay reckons there is something more exciting going on just outside the outskirts of Australia's capital city.

Let's face it, the federal budget is not going to deliver any industry-specific news of note to the mining industry.

The best the mining types can hope for is some movement on how the federal Government will better tackle the problems of shortage in infrastructure and industry skills.

So, forget for a moment what is going down in Parliament House - there's more fun to be had with Capital Mining, the only Canberra-based mining company that Daily Assay can think of.

Since the beginning of May, its stock price has doubled as the market warms to the fact that Capital is sitting on something considered a rarity across the globe - tellurium.

Tellurium is a rare piece of gear, and in among the top-10 rarest elements on the planet.

For the quiz buffs, tellurium was used as part of the outer casing for the first atom bomb and, when exposed to it in the air, humans develop a somewhat nasty breath, akin to garlic.

It has been used mostly in alloys, but could find itself replacing silicon as the mainstay of silicon chips.

Indeed, Intel has been looking to use tellurium in its new breed of chips - and that could only spell one thing for tellurium lovers around the world.

What once was in short supply is going to be even harder to find.

And that's where Capital Mining comes in.

The Canberra-based junior told the sharemarket back in January that it had stumbled on some very high grade tellurium hits at the companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Stonehenge North Prospect, in its Chakola project, near Cooma in NSW.

Most punters would have still been sleeping off their New Year's Eve hangovers when Capital made the announcement on January 3. But it made the gang at World Industrial Minerals in the US sit up and take notice.

WIM are acting on behalf of First Solar, a group out of Arizona, US, with a market capitalisation of $US25 billion.

First Solar shares trade on the Nasdaq and have improved more than 1000 per cent since the end of 2006.

The rapid rise of First Solar on the food chain is largely due to the fact that it ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“has become one of the fastest growing manufacturers of solar modules in the worldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ - or so the company's website proffers.

First Solar is the world's biggest consumer of tellurium, in the manufacture of its solar cells, so it is natural that it makes enquiries of Capital Mining and its recent hits at Chakola.

But, given First Solar's big run on the Nasdaq, analysts are beginning to question if the share price can be sustained, and central to that is where new supplies of tellurium are going to come from.

World production averages around 400 tonnes a year, but most of that comes through smelting of copper concentrates, and dedicated tellurium deposits are hard to come by. From a price of around $US30 a kilogram in 2000, the going price is now around $US300/kg.

Capital boss Rob McCauley readily admits that five months ago he knew very, very little about tellurium.

But all that changed after drilling at the Stonehenge North deposit returned grades of up to 59 grams per tonne of the rare element. Just to make sure, Capital re-sent the drill results to be assayed again.

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“That's what it is all about in the mining industry, looking for new opportunities,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ he said.

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“You might be heading down one road and find you also have to head down another.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“Tellurium can be very hit-and-miss, as it tends to come in veins. So, we are at a very early stage, but it does appear that this general area of south-east NSW happens to be conducive for tellurium.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

It needs to be noted that Capital does not have a mining licence yet for its Stonehenge North prospect, but it does have an exploration licence and has forged some good bonds with WIM, and therefore First Solar.

Stonehenge North is about 1km to the south of Capital's main focus, the Harnett gold and base metals prospect, which is looking like an open-pit proposal.

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“Notwithstanding the fact that the analysis of Capital's tellurium potential is ongoing, negotiations are only at an early stage regarding any possible offtake agreement or joint-development proposal,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ the company said in a statement to the market on Monday.

But given the world's growing appetite for all things green (and even the increased appetite for better and faster computer chips), tellurium is one to keep on the radar.

andrusiakk@theaustralian.com.au

 

http://www.theaustralian.news.com.au/story...4-15023,00.html

 

May be worth a second look? I have held these since the float.

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  • 6 years later...

Interesting acquisition.

A few key points to note about the market they are getting into

* 200million students in China - once monetised could be worth a few billion

* Cloud based technology- low overheads, easy and safe to run

* Comes out of 2 most the exclusive University's.(Tsinghua University and Beijing University)

* Only trialled on 60 text books

* Once rolled out on 100000 texts books and other major Universities turnover should be north of $300m

* Has been trialled at 2 Universities with several others to follow shortly.

* Chinese Government pouring hundreds of millions into education and remote education

 

DYOR

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BBY Research - 14 October 14

Capital Mining Limited

 

CMYA$0.007 TARGET PRICE A$0.028 SPECULATIVE BUY 0.0X

Author: Russell Wright

Contact Client Sales & Solutions

Phone: 1800 551 2121800 551 212

Email: css@bby.com.au

Capital Mining Ltd. explores for deposits of gold, base metals and rare metals in central and southern New South Wales.

Being used to backdoor list the Beijing-based intelligent cloud-learning platform, HexStudy

Capital Mining Limited (CMY) used to explore for deposits of gold, base metals and rare metals in central and southern New South Wales.

 

On 7 October, CMY signed a Memorandum of Understanding (MoU) with Beijing Xingang Zhiyuan Technology Co. Ltd (XGZY), a company incorporated in the PeopleÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Republic of China. This was signed to back-door list the HexStudy Platform (HexStudy), as the acquisition will constitute a change in the nature and scale of CMYÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s activities from mining exploration to incorporate both mining exploration and a supplier of Cloud-based education.

 

CMY is to commence due diligence to consider the initial acquisition of a 10% interest in XGZY for A$5.7m with a 35% shareholding to be acquired in XGZY company progressively within a twelve month period for total consideration of A$20m (inclusive of the initial 10% interest).

 

The acquisition is subject to various conditions precedent, including shareholder approval and CMY will be required to re-comply with Chapter 1 and 2 of ASX Listing Rules if the acquisition is to be completed.

 

XGZY owns, develops and operates HexStudy. HexStudy is an intelligent Cloud-learning platform, which integrates advanced internet technology with the latest teaching concepts through the experience of intelligent teaching and digital textbooks, providing an individualised, comprehensive, collaborative education solution.

 

XGZY was established in 2012 and is headquartered at Tsinghua University near Beijing. XGZY employs over 50 people in China and the team has a broad mix of experience in the technology, education and publishing sectors.

 

The HexStudy platform works to digitise curriculums by allowing lectures and tutorials to be conducted remotely and provides teachers with the ability to track their studentsÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ progress. 60 textbooks are currently in the process of being digitised and stored on the HexStudy Cloud platform.

 

XGYZ holds registered intellectual property over the computer software for delivery of this education material.

 

The Chinese education market is experiencing growth with competition in the labour market intensifying as a result of the countryÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s recent economic prosperity. This competition is forcing large sections of the Chinese population to seek ways to improve their knowledge and skill sets and increase their value in the labour market.

 

We are initiating coverage on CMY with a 12-month price target of A$0.028/sh and a SPECULATIVE BUY recommendation.

 

 

DonÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢t forget you can get your Research via our Research Portal. Click here to subscribe.

BBY Technical View - as at 14/10/2014

Short Term Uptrend Resistance $0.011

Long Term Uptrend Support $0.006

* DDM Ranking: na For enquiries, please email research@bby.com.au

 

 

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  • 4 months later...

Rumours/speculation flying around re: latest Trading Halt is that the acquisition is another revenue producing asset in the medical marijuana arena that is for script only. If true.... that will be further great news :) Hopefully it can go up from here DYOR

 

 

 

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