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ORP - Orpheus Uranium

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YOUNG_TRADER

YOUNG_TRADER

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Thread starter, just a quickie

135m shares

25m 30c 30/6/07 Options

2 Gold projects in Laos near OXR huge Sepon

Krombit Copper Zinc deposit in Nth Qld

Kanmantoo 10% free carried interest in this copper project (HOG 90%)

Alford 80% interest in this Olympic Dam type target
Potential Olympic Dam Style Mineralisation Intersected
at Alford Copper Project, South Australia
Hillgrove Resources Limited (ASX:HGO) advises that diamond drilling of a potential Olympic Dam Iron Oxide Copper Gold Uranium (IOCGU) style target at the key Netherleigh Park prospect has now finished with two holes completed for a total of 473m. The holes have been geologically logged and are now being cut for analysis with results expected within the current quarter.
The Netherleigh Park prospect is located within the Alford Project, near Alford on the Yorke Peninsula, South Australia.
The Alford Project falls within the IOCG Potential Rank 1 Area as defined by GeoScience Australia – the highest potential for IOCGU mineralisation within South Australia's Gawler Craton. Drilling intersected a thin (30-40m) sequence of transported sediments before encountering brecciated and haematite altered basement rocks with variable amounts of sulphides including pyrite, chalcopyrite and galena (Figure 1).

Past drilling has identified significant widths of copper mineralisation associated with heamatite alteration including 76m at 0.95% copper including 12m at 2.18% copper in ALDDH001. The project also has significant uranium potential with past drilling returning excellent first pass with assay results up to 290ppm Uranium.

Torrens 80% IOCGU target, JV with Straits


Proper analysis by the end of the week

Enjoy
 
Xekong is 150km from OXR but the focus seems to be on the Century deposit on the Mekong
Maps of locations here

They are on the same geological belt as I understand it as OXR, PNA, KCN and Burmese deposit owned by Ivanhoe I think.

I do like the Lao deposits but more interested in Xekong than Century after last lot of results.

The unknown is the South Australian tenements, some people around the traps are keen on them.
 
Krombit Copper Zinc deposit in Nth Qld.............................

I think the CRA drilling reports back to the ealier looks good.
 
ttnt said:
Krombit Copper Zinc deposit in Nth Qld.............................

I think the CRA drilling reports back to the ealier looks good.
Click to expand...

And Argonaut in their ASX relases and quarterly reports, do state that :-

"The Board has identified the Kroombit project as an opportunity for the Company and its Shareholders to make the transition from exploration to production in order to benefit from the current commodities cycle".

They hold 100% of the Kroombit deposit in Central Queensland; and to protect extensions to the Kroombit deposit have also secured 3 other permits surrounding the Kroombit lease.

Their words and actions seem to show quite a high level of confidence in Kroombit!
 
Hi guys no proper analysis just yet but here's a post for those who love very high risk but potentially very very high returns

ARE has 25m 30c options expiring on the 30th next month ie 30/6/07

Given it has 135m shares on issue 30c = A mkt cap of $40m ($48m including opies exercised)

Now with about 1 month to go on the options and the SP at 22c/23c the opies are selling for very cheap,

I bought some because results from the Alfrod drilling should be back within the next 3 weeks (for more info on Alfrod see below)

HGO are touting Alfrod as a possible Olympic Dam IOCGU type play,

previous drilling = 76m at 0.95% copper including 12m at 2.18% copper in ALDDH001. The project also has significant uranium potential with past drilling returning excellent first pass with assay results up to 290ppm Uranium.

If we see a nice 100m at 2%Cu hit with some say 400ppm Uranium punters would be all over HGO and ARE touting them as the next Carapateena type players,

To give you an example, MOX ran from 20c to $2 on some success at its Groundhog prospect

AGAIN BUYING THE OPIES IS HIGH RISK, but if Alfrod has some meaty hits and the SP doubles to say 44c opies go from 0.6 c to 14c = 2300%+ return

If Alfrod has nothing specatacular = Lose all money outlayed on opies

So its all about risk reward, say but 100,000 opies at 0.6c max loss = outlay = $600, max return = ? ? ? $14k from my above example

Not for the faint hearted DYOR,



Alford 80% interest in this Olympic Dam type target
Potential Olympic Dam Style Mineralisation Intersected
at Alford Copper Project, South Australia
Hillgrove Resources Limited (ASX:HGO) advises that diamond drilling of a potential Olympic Dam Iron Oxide Copper Gold Uranium (IOCGU) style target at the key Netherleigh Park prospect has now finished with two holes completed for a total of 473m. The holes have been geologically logged and are now being cut for analysis with results expected within the current quarter.
The Netherleigh Park prospect is located within the Alford Project, near Alford on the Yorke Peninsula, South Australia.
The Alford Project falls within the IOCG Potential Rank 1 Area as defined by GeoScience Australia – the highest potential for IOCGU mineralisation within South Australia's Gawler Craton. Drilling intersected a thin (30-40m) sequence of transported sediments before encountering brecciated and haematite altered basement rocks with variable amounts of sulphides including pyrite, chalcopyrite and galena (Figure 1).
 
YOUNG_TRADER said:
Hi guys no proper analysis just yet but here's a post for those who love very high risk but potentially very very high returns

ARE has 25m 30c options expiring on the 30th next month ie 30/6/07

Given it has 135m shares on issue 30c = A mkt cap of $40m ($48m including opies exercised)

Now with about 1 month to go on the options and the SP at 22c/23c the opies are selling for very cheap,

I bought some because results from the Alfrod drilling should be back within the next 3 weeks (for more info on Alfrod see below)

HGO are touting Alfrod as a possible Olympic Dam IOCGU type play,

previous drilling = 76m at 0.95% copper including 12m at 2.18% copper in ALDDH001. The project also has significant uranium potential with past drilling returning excellent first pass with assay results up to 290ppm Uranium.

If we see a nice 100m at 2%Cu hit with some say 400ppm Uranium punters would be all over HGO and ARE touting them as the next Carapateena type players,

To give you an example, MOX ran from 20c to $2 on some success at its Groundhog prospect

AGAIN BUYING THE OPIES IS HIGH RISK, but if Alfrod has some meaty hits and the SP doubles to say 44c opies go from 0.6 c to 14c = 2300%+ return

If Alfrod has nothing specatacular = Lose all money outlayed on opies

So its all about risk reward, say but 100,000 opies at 0.6c max loss = outlay = $600, max return = ? ? ? $14k from my above example

Not for the faint hearted DYOR,



Alford 80% interest in this Olympic Dam type target
Potential Olympic Dam Style Mineralisation Intersected
at Alford Copper Project, South Australia
Hillgrove Resources Limited (ASX:HGO) advises that diamond drilling of a potential Olympic Dam Iron Oxide Copper Gold Uranium (IOCGU) style target at the key Netherleigh Park prospect has now finished with two holes completed for a total of 473m. The holes have been geologically logged and are now being cut for analysis with results expected within the current quarter.
The Netherleigh Park prospect is located within the Alford Project, near Alford on the Yorke Peninsula, South Australia.
The Alford Project falls within the IOCG Potential Rank 1 Area as defined by GeoScience Australia – the highest potential for IOCGU mineralisation within South Australia's Gawler Craton. Drilling intersected a thin (30-40m) sequence of transported sediments before encountering brecciated and haematite altered basement rocks with variable amounts of sulphides including pyrite, chalcopyrite and galena (Figure 1).
Click to expand...

Is it the 100000 at 0.6 on bid side yours? you are right, as long as it got more
than 5% possibility to hit something.
I will buy it two weeks later. I think the price will be even cheaper, coz the ex date is getting closer.
By the way, is it 100000 on bid side at 0.6 from you, YT?:)
 
Ta already bought last few days at 0.5c - 0.7c

To answer a few PM's in one hit

Options trade under AREO, not sure if everyone will be able to buy them (depends on your specific account etc but can't see why not)


Again must stress with about 1 month left till they expire its an all or nothing play, very high risk but potentially very high rewards

Good luck guys
 
Fair call YT, but very dependent on two things:

1/ As you have already mentioned, results.

YOUNG_TRADER said:

If Alfrod has nothing specatacular = Lose all money outlayed on opies
Click to expand...

2/ Results returning in time.

With the latter, it has been very common of late for companies to release their results past their initially anticipated date (in this case, "by the end of this quarter")...

Anyway, good luck to you and those considering. I hope the guys that are doing the assaying aren't busy like the rest of their buddies!
 
YOUNG_TRADER said:
Ta already bought last few days at 0.5c - 0.7c

To answer a few PM's in one hit

Options trade under AREO, not sure if everyone will be able to buy them (depends on your specific account etc but can't see why not)


Again must stress with about 1 month left till they expire its an all or nothing play, very high risk but potentially very high rewards

Good luck guys
Click to expand...

HILLGROVE RESOURCES LIMITED (HGO) announcement regarding Alford Project in the Moonta-Wallaroo regin in SA on 22/05/07:

"ARE - Argonaut Resources currently holds an 80% interest in this tenement which WILL reduce to 30% on funding by Hillgrove of $4m in exploraion activities by 2010."

This implies that HGO will provide the funding of $4m, which may see options lapsing on expiry date of 30/06/07 - a bit of fuzzy info released by these two companies.

Ta
 
If anyone on you lost on this, don't worry it is TAX DEDUCTIBLES :D
In condition that you made made profits previously
 
wow ,someone just dumped the oppies.......
down 50%................ :( not too good sign
anyway still couple of more weeks to go
 
j4mesa said:
wow ,someone just dumped the oppies.......
down 50%................ :( not too good sign
anyway still couple of more weeks to go
Click to expand...

James as I said "with about 1 month left till they expire its an all or nothing play, very high risk but potentially very high rewards"

You can't watch how the options are trading on their own its no signal at all, what you must watch is the heads ie ARE which are down again, maybe results aren't that flash at Alfrod,

The options are the all or nothing exposure to Alfrod being an Olympic Dam type play
 
Yes.......thanks for reminding me again......
I am just bit surprised the fact that falls heavily....
but yeah it will just be as what u have mentioned...:)
 
I bought 800k more ARE during last week, got some cheap chips below 0.15/
The first drilling result of Kroombit deposit is coming. the new holes are exactly next to the holes be drilled 3x years ago, I reco the result must be good.
 
FIRST ARGONAUT DRILL PROGRAM RESULTS INCLUDE
VISIBLE ZINC AND COPPER SULPHIDE MINERALISATION
Argonaut Resources (ASX: “ARE”) advises the presence of visible zinc and copper
sulphide minerals in the first six reverse circulation drillholes completed as part of the
Company’s first drilling program on its Kroombit Zn-Cu deposit in Central Queensland.
The first of three batches of samples have been dispatched for analysis. Laboratory
results will be announced as they become available.
Sulphide minerals visually identified to date from the confirmatory drilling program
which commenced on August 9th include sphalerite (zinc sulphide) and chalcopyrite
(copper-iron sulphide).
These minerals have been identified in association with a quartz-haematite (+/-
magnetite) rock as well as an altered, recrystallised, volcaniclastic mudstone.
All completed drillholes have intersected numerous intervals of sulphide
mineralisation. Some notable intervals include:
KRRC1 intersected 17m containing chalcopyrite and sphalerite from 32m
followed by 8m of the same from 56m.
KRRC3 intersected 34m containing chalcopyrite from 57m
KRRC6 intersected 12m containing sphalerite and disseminated chalcopyrite
from 20m plus an additional 12m of the same from 44m.
Argonaut geologists have also identified minerals such as wollastonite, actinolite,
magnetite, haematite and epidote that are often associated with skarn-type ore
deposits. On the basis of this evidence, the Company interprets the mineralisation
intercepted in these initial holes to be skarn mineralisation, distal to a causative
intrusive and associated with bedded limestones.
The program of drilling at Kroombit is ongoing.
MEDIA CONTACTS
 
Kroombit drill results must be getting closer and closer .... volume and sp has moved up quite a bit in morning trade ....
 
Now in trading halt, looks like there is movement on the Lake Torrens front which is an incredibly exciting target. If the first few drill results are promising this stock could do anything.
 
If both Krombit deposit and the jv with straits resources' reports are good, how much the share price could fly to? 60c, 80c? $1.5 dollar?
 

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