MXR - Maximus Resources

[JTLP]

If I wrote...ANN OUT...then wrote April Fool's...would I be a bad person?

Your figures look VERY attractive YT...cept 1 problem, market reaction/sentiment.

Apparently MXR are presenting at some Gold road show on Weds...maybe they will drop the ann to co-incide with this?

Also, if they JORC'd 100,000+, would this be enough to draw on some bigger and better backing?

 

[YOUNG_TRADER]

ive been out in the feild the last couple of days an come home wif crotch rot

lol, how long were you out in the field "soldier boy" ? Sounds like you had a bit too much "love you long time" while on tour :

Hey JTLP not sure I follow you re the "problem" do you mean poor mkt sentiment etc etc?

Also guys don't forget the beuaty with MXR is that it has like 5 projects on the go,

With the main area being Narndee,

Vanadium has been going through the roof, recently doubling from $40 kg to $80 kg (see WVL extract),

Moreover WVL itself is getting very close to production and according to some brokers such as Pato's represents a nice takeover potential,

Given MXR holds pretty much all the land around WVL such a takeover would no doubt bring MXR's grounds to light (see pic)

So lets not forget Sellheim is just one of the pies in the oven

 

[JTLP]

Yes YT...the problem is market sentiment.

It may look bonanza...but people are hesitant!

But yes, i'm pumped for the upcoming ann.

You state they have 5 projects on the go...

Bird In Hand - When is the planned production here?

Adelaide Hills - As per their ann, pre-feasibility study highly likely in 2nd quarter '08.

Sellheim - Obvious...

I know the other projects (can't remember off top of my head + can't check due to work constraints!) but are we expecting any ann's after the Sellheim JORC? Or will it be a waiting game???

 

[herbert]

Yes YT...the problem is market sentiment.

It may look bonanza...but people are hesitant!

But yes, i'm pumped for the upcoming ann.

You state they have 5 projects on the go...

Bird In Hand - When is the planned production here?

Adelaide Hills - As per their ann, pre-feasibility study highly likely in 2nd quarter '08.

Sellheim - Obvious...

I know the other projects (can't remember off top of my head + can't check due to work constraints!) but are we expecting any ann's after the Sellheim JORC? Or will it be a waiting game???

Here a short summary of their JORCS and targeted resources:

- production for bird in hand will start in early-mid 2009, feasibility study mid 2008, costs around 400$/ounce, 250.000 ounces probable resource.
Revenue : 150 m $ - capex of around 50 M$ = 100 M$ income

- Sellheim: 20.000 ounces a year at a lowish estimate of 50.000 ounces @200$/ounce cashcost = 40 M$ revenue - capex of 2 M$ = 38 M$ income

- Uranium JORC in the Windimurra / Narndee complex waiting to be dug out --> a matter of mining policy to change ---> = 750 M$ in-ground value
---> 350 M$ in revenue

- 1 Billion tonnes FE target (- enriched with Vanadium) around the WVL mine

- Eromanga drilling results for Abminga ánd their IOCG projects are due

- Shephard drilling taking place as we speak ( drilling for Vanadium and FE)
.......

Lots of great projects on the go. Upside is tremendous if you ask me.

Cheers

 

[shaunm]

- 1 Billion tonnes FE target (- enriched with Vanadium) around the WVL mine
Cheers

Say wha???? I missed that. Am I reading this right, you are saying they are potentially sitting on 1 bill FE?

 

[herbert]

Say wha???? I missed that. Am I reading this right, you are saying they are potentially sitting on 1 bill FE?

yep,
listen to the BRR interview with Kevin Wills discussing the Windimurra Iron ore potential. Current resource target is 150-200 MT to a depth of only 40 metres but a potential resource could extend to a depth of 200 metres making the resource target 1 Billion tonnes FE... The important part is the Vanadium content tho. MXR got lots of high grade Vanadium in their ground making the Narndee complex one of their most exciting potential company makers.

 

[pk_wasp]

MXR FE play is not direct shipping ore I believe? hence I don't think we want to be too bullish about it.

Anyway, lets hope for a good JORC re: their gold resource

 

[YOUNG_TRADER]

Hey guys,

Still no JORC yet, c'mon MXR the suspense is killing us all, apparantly MXR are presenting at some conference today and the rumour is the JORC was held off until today so as to release it at the conference,

I don't know if there's any truth to that, anyone else heard anything or can verify if their is a presentation at a conference today?

Also Herbert I remember reading and listening to Mr Kev's Fe targets, kinda reminds me of FDL where he came out of nowhere with a monster target, but for now I think little to no upside value is or should be factored in to MXR until we have some more work on the tennements

Hey pk_wasp, DSO Fe ain't the end all my friend, look at WVL its a pure Vanadium play, also look at AXO its a FerroVandium play (what MXR hope to be) also given the proximity to WVL's mine and operations, any Vanadium MXR discovers will in a sense act as DSO Ore in the it can be directly shipped to WVL's mine and toll treated, you really have to look at it like that

I think alot on here underestimate the value of Vanadium

 

[Markcoinoz]

Hi YT,

When I first bought into MXR over 12mths ago, it was the initial Gold Play that got my interests plus the uranium assets it had in ERO. At the time its spinoff ERO were trading at around .80 cents compared to MXR less than .20.

MXR had standout assets. Once MXR bought the entire Narndee complex surrounding WVLs tenement, it was obvious that something was going to be big.

The best part about the WVL deal they have with the Noble group is after the production starts towards the end of this year, all Vanadium has been pre-sold for the life of the mine. Thats about 20years worth for a small 8klm stretch leaving a further 10klms for exploration. All infrastructure will be in place. Prices are expected to increase 7% per year upto 2015.

MXR holds the continuation of the Shepherds which is approximately 18klms long as well as the Canegrass which is only 10klms from WVL's tenement.

I have no doubt that WVL and MXR will enter into some MOU or JV regarding the Fe/Vanadium down the track. It won't happen soon. Neither will MXR develop their own operation. The Capex costs are very expensive. Why double handle when you are sitting next to one of the biggest and cheapest Vanadium deposits in the World where they are years ahead. Its all there for an eventual agreement to be signed once MXR prove up the resources.

Once these things come into play then it will be a History Maker for the company. Its a very similar situation with its Big brother FDL being next door to FMG and also Kevin Wills at the helm. Should be a similar outcome except MXR being Magnetite/Vanadium and FDL being Hematite.

Both have to prove up the resource first.

Cheers markco2

 

[kpas]

It's in pre-open now with a pending announcement, so it should be out any second now.

dot dot dot dot dot (100 chars)

Hey guys,

Still no JORC yet, c'mon MXR the suspense is killing us all, apparantly MXR are presenting at some conference today and the rumour is the JORC was held off until today so as to release it at the conference,

I don't know if there's any truth to that, anyone else heard anything or can verify if their is a presentation at a conference today?

Also Herbert I remember reading and listening to Mr Kev's Fe targets, kinda reminds me of FDL where he came out of nowhere with a monster target, but for now I think little to no upside value is or should be factored in to MXR until we have some more work on the tennements

Hey pk_wasp, DSO Fe ain't the end all my friend, look at WVL its a pure Vanadium play, also look at AXO its a FerroVandium play (what MXR hope to be) also given the proximity to WVL's mine and operations, any Vanadium MXR discovers will in a sense act as DSO Ore in the it can be directly shipped to WVL's mine and toll treated, you really have to look at it like that

I think alot on here underestimate the value of Vanadium

 

[JTLP]

Can somebody say...disappointing???

I was expecting more than that...or maybe I am missing something important?

The market didn't like it thats for sure

 

[YOUNG_TRADER]

What the **** was that??????

16k oz's???????? Are they ****ing serious,

How can they have a 15k -20k p.a. production figure and have a JORC thats 16k???

Thats not even enough for 1 years production, 1 year at best,

"We have to check the JORC, its bigger than we expected" Bigger than what 5k oz's???????????


So ****ing mad its not funny

 

[kpas]

Can somebody say...disappointing???

I was expecting more than that...or maybe I am missing something important?

The market didn't like it thats for sure

Why is this disapointing?

Their cash value is something like 13c/share at the moment.

They just announced they will have some gold on sale within 90 days, pushing their cash value upwards and will provide further funding for their other projects.

They also very bullishly stated that they will be upping this JORC by a factor of 2, if not more to provide an ongoing income source for years to come.

I don't see it as a negative announcement - I am wondering why the market does?

 

[Snakey]

Can somebody say...disappointing???

I was expecting more than that...or maybe I am missing something important?

The market didn't like it thats for sure

That was way under what was hoped for. Interesting that people were saying that it was "larger than expected" yet it seems to be smaller than expected.
Maybe this was just a "Pump and dump"????????

 

[sting]

Altho its dissapointing it is still more than 16000 oz... like I stated earlier in here they have not been allowed to add in nuggets that while they know they are there do not fall within the test parameters. Even given this we are still only looking at 20 to 25 k .

And here I was getting all sexcited for nothing.


SEMPER UBI SUB UBI

 

[kpas]

What the **** was that??????

16k oz's???????? Are they ****ing serious,

How can they have a 15k -20k p.a. production figure and have a JORC thats 16k???

Thats not even enough for 1 years production, 1 year at best,

"We have to check the JORC, its bigger than we expected" Bigger than what 5k oz's???????????


So ****ing mad its not funny

It's only the initial resource - it will get bigger!

I am def holding, they will firm it up in the coming months.

 

[Ants]

"Hancock is of the opinion that an additional exploration target of between 6,000 and 12,0000 ounces is present in the areas outlined by the three recource areas"

so 28000 ounces.

It's only the initial resource - it will get bigger!

I am def holding, they will firm it up in the coming months.

Heres to waiting, Ill hold.

 

[d_crome]

LOL - think we all got rolled by some sharp cats who took over 2 months to deliver an annoucement that really was anything far from "large".

Anybody know who's backyard these guys opperate from? Maybe they've upgraded and are working out of a single bedroom flat. LOL.

Well - atleast I didn't get too badly burnt - hope everybody else out there is doing ok.

Still unsure if I'll hold given the liklihood of minimal announcements and returns several years off on the larger prospects.

You live, you learn.

YT - don't take it personally, these guys probably are lucky they've made it this far without killing themselves with the wrong end of a photocopier....

 

[JTLP]

What the **** was that??????

16k oz's???????? Are they ****ing serious,

How can they have a 15k -20k p.a. production figure and have a JORC thats 16k???

Thats not even enough for 1 years production, 1 year at best,

"We have to check the JORC, its bigger than we expected" Bigger than what 5k oz's???????????


So ****ing mad its not funny

X2...

All these reports of delays for bigger ann's.

I was expecting at least a "we have a JORC of XXX which will enable us to produce for X amount of years"...16k of Au...so so lame.

LOL all that formatting and checking the figures might have been in reverse!(is the JORC really that small? Well i guess it is...OOPS oh well!)

 

[Markcoinoz]

Ok,

Read the announcement.

A few points.

It was only for the 3 small areas of their tenement.
It is Alluvial which makes it much more difficult to put a figure to a resource.
The main Gold nuggets were found in the Bedrock.
The Bedrock Nuggets were not included.
They will be sending the Gold to market at $200 oz costs.
That means it brings in immediate cashflow.
Its only Initial Jorc.

Thats always been the difficulty of any Alluvial Mine.
Trying to work on Random Data.

The main point is they will go forward from here and imo will reach the targeted 15k ozs per/yr.

As long as they reach that i will be happy.

Some people have tunnel vision.

Cheers markcoinoz