AEV - Avenira Limited
- Thread starter yogi-in-oz
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Re: MAK - Minemakers
LOL, yeah I'm a Melbournian,
After eading your post I wasn't sure if you were sober at the time of typing, of course I could be bad at riddles
On a serious note, anyone here have experinece with Iron Ore radiometric surveys etc?
The picture certainly shows similarities and it appears to be a broken continuation of a channel, but then I look at U radiometrics and can't figure them out,
Since we have no update, it doesn't appear as if drilling has started yet
LOL, yeah I'm a Melbournian,
After eading your post I wasn't sure if you were sober at the time of typing, of course I could be bad at riddles
mmmmining said:
On a serious note, anyone here have experinece with Iron Ore radiometric surveys etc?
The picture certainly shows similarities and it appears to be a broken continuation of a channel, but then I look at U radiometrics and can't figure them out,
Since we have no update, it doesn't appear as if drilling has started yet
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Re: MAK - Minemakers
binary right? 1+1=11 (= 3)
binary right? 1+1=11 (= 3)
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Re: MAK - Minemakers
YT
Try sending a PM to Exgeo.
YOUNG_TRADER said:
YT
Try sending a PM to Exgeo.
Sean K
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Re: MAK - Minemakers
No ann yet on drilling at Fraser and NE Tassie. I hope they're not one of these company's that sets dates for things and doesn't deliver. Perhaps it's not a good time to be releasing good anns anyway.
Potentially more effect when the bulls come out from hiding.
No ann yet on drilling at Fraser and NE Tassie. I hope they're not one of these company's that sets dates for things and doesn't deliver. Perhaps it's not a good time to be releasing good anns anyway.
Potentially more effect when the bulls come out from hiding.
Sean K
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Re: MAK - Minemakers
MOU signed with some Austrian outfit to assess NE Tassie tenaments for "the area to support a new production era".
Very dissapointed however that in the ann they claim that drilling would commense at the end of the month as announced on 14 Feb. Actually, the 14 Feb ann stated that they would be "testing its aberfoyle tin-tungsten project at the end of the month". That means the end of FEB to me. Poor darts Minemakers. Disappointing.
MOU signed with some Austrian outfit to assess NE Tassie tenaments for "the area to support a new production era".
Very dissapointed however that in the ann they claim that drilling would commense at the end of the month as announced on 14 Feb. Actually, the 14 Feb ann stated that they would be "testing its aberfoyle tin-tungsten project at the end of the month". That means the end of FEB to me. Poor darts Minemakers. Disappointing.
Sean K
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Re: MAK - Minemakers
Ann out. Drilling commenced at Fraser and Tassie. In they ann they correct the 'error' that stated drilling would occur at the end of this month. The MD needs to have someone check his work before releasing things to the public.kennas said:
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Re: MAK - Minemakers
Agree Kenna, but at least drilling has finally started
Agree Kenna, but at least drilling has finally started
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Re: MAK - Minemakers
So we expecting results by the end of this month. Good time to speculate the upside?
I like particularly the Tin project, the favorable metal recently.
Still, the price action is kind of strange. Anyway, for a tight held stock, The drilling results could change everything, and price could move very fast, either up or down with big volume.
So we expecting results by the end of this month. Good time to speculate the upside?
I like particularly the Tin project, the favorable metal recently.
Still, the price action is kind of strange. Anyway, for a tight held stock, The drilling results could change everything, and price could move very fast, either up or down with big volume.
Sean K
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Re: MAK - Minemakers
This looks to potentially be a multi mineral/project company across Australia with well defined target areas hosting known mineralisation.
Obviously very early days, and speccie, but so far I like what I see.
Great web site too.
http://www.minemakers.com.au/
I'm not sure about the end of the month. They just stated they have started drilling. "drilling results will be available a few weeks after drilling is completed".mmmmining said:
This looks to potentially be a multi mineral/project company across Australia with well defined target areas hosting known mineralisation.
Obviously very early days, and speccie, but so far I like what I see.
Great web site too.
http://www.minemakers.com.au/
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Re: MAK - Minemakers
Investors packing into tin
Robin Bromby
March 08, 2007
SUDDENLY, it seems, tin's the thing to be in. The latest recruit is diamond and ruby miner Cluff Resources Pacific, which yesterday picked up three historic tin mining sites in NSW.
With the metal trading at a stratospheric $US13,300 a tonne, and expected to go on Monday to $US20,000, investors are starting to forget the disappointments of recent years, notably the closure of the big Renison Bell mine in Tasmania and the collapse of Marlborough Resources in NSW.
Stonehenge Metals successfully floated late last year on the basis of tin (along with nickel and zinc) targets in Tasmania.
Renison's owner, Metals X, is not only planning to reopen that mine this year but expects any day to get Tasmanian government clearance to go ahead with plans to mine at historic Mt Bischoff, one of the world's richest mines until underground work stopped in 1914.
The only way for Australian tin production to go is up. Metals X, formed by the merger of Bluestone Tin and Metals Exploration, is the country's biggest player even though its Collingwood mine in far north Queensland is producing barely 4000 tonnes a year.
Metals X is the vehicle for well-known mining figures Peter Cook and Peter "Talky" Newton, who previously sold two gold producers, Hill 50 and Abelle, to South Africa's Harmony Gold.
In another development yesterday, Minemakers said a large Austrian commodities firm, Wolfram Bergbau und Hutten, was investigating a joint venture to develop its tin and tungsten projects in Tasmania, including one operated by the former Aberfoyle.
Tin's price has just set an 18-year record on the London Metal Exchange as stocks continue to fall. The supply tightness is caused by Indonesia's crackdown on illegal miners, which led to the closure of one of the two big refiners, PT Koba, because it was suspected of buying from unlicensed sources.
On Monday, ITRI (formerly the International Tin Research Institute) said the metal could go as high as $US20,000 a tonne as Indonesia's war on illegal miners reduces tin exports from the leading producer. ITRI, which has been analysing the metal for 74 years, says Indonesian production will fall 30 per cent this year to 90,000 tonnes.
Investors packing into tin
Robin Bromby
March 08, 2007
SUDDENLY, it seems, tin's the thing to be in. The latest recruit is diamond and ruby miner Cluff Resources Pacific, which yesterday picked up three historic tin mining sites in NSW.
With the metal trading at a stratospheric $US13,300 a tonne, and expected to go on Monday to $US20,000, investors are starting to forget the disappointments of recent years, notably the closure of the big Renison Bell mine in Tasmania and the collapse of Marlborough Resources in NSW.
Stonehenge Metals successfully floated late last year on the basis of tin (along with nickel and zinc) targets in Tasmania.
Renison's owner, Metals X, is not only planning to reopen that mine this year but expects any day to get Tasmanian government clearance to go ahead with plans to mine at historic Mt Bischoff, one of the world's richest mines until underground work stopped in 1914.
The only way for Australian tin production to go is up. Metals X, formed by the merger of Bluestone Tin and Metals Exploration, is the country's biggest player even though its Collingwood mine in far north Queensland is producing barely 4000 tonnes a year.
Metals X is the vehicle for well-known mining figures Peter Cook and Peter "Talky" Newton, who previously sold two gold producers, Hill 50 and Abelle, to South Africa's Harmony Gold.
In another development yesterday, Minemakers said a large Austrian commodities firm, Wolfram Bergbau und Hutten, was investigating a joint venture to develop its tin and tungsten projects in Tasmania, including one operated by the former Aberfoyle.
Tin's price has just set an 18-year record on the London Metal Exchange as stocks continue to fall. The supply tightness is caused by Indonesia's crackdown on illegal miners, which led to the closure of one of the two big refiners, PT Koba, because it was suspected of buying from unlicensed sources.
On Monday, ITRI (formerly the International Tin Research Institute) said the metal could go as high as $US20,000 a tonne as Indonesia's war on illegal miners reduces tin exports from the leading producer. ITRI, which has been analysing the metal for 74 years, says Indonesian production will fall 30 per cent this year to 90,000 tonnes.
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Re: MAK - Minemakers
MAK got a small mention in this weeks Speculator
Minemakers (ASX code: MAK). BluGrass, of course, hopes to eliminate the use of incandescent light bulbs and with it the tungsten universally used in the lamp filament. Minemakers, on the other hand, is focused on re-opening a tungsten-tin prospect in Tasmania. Minemakers, with 40.4 million issued shares trading at 18c, is capitalised at $7.2m. While I'm not ready to chase them yet, tungsten still has a big market in machine tools, chemicals and alloys and it will be many years before the lights go out on this heavyweight of hard metals.
MAK got a small mention in this weeks Speculator
Minemakers (ASX code: MAK). BluGrass, of course, hopes to eliminate the use of incandescent light bulbs and with it the tungsten universally used in the lamp filament. Minemakers, on the other hand, is focused on re-opening a tungsten-tin prospect in Tasmania. Minemakers, with 40.4 million issued shares trading at 18c, is capitalised at $7.2m. While I'm not ready to chase them yet, tungsten still has a big market in machine tools, chemicals and alloys and it will be many years before the lights go out on this heavyweight of hard metals.
Sean K
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Re: MAK - Minemakers
Fraser Iron, WA
MAK have intersected 'strong magnetite mineralisation' from initial drilling at the West Southdown project which is interpreted to be an extention of Granges Southdown megnetite deposit, with the strike length over 8km. The essays are expected in about a month.
The Southdown deposit has a resource estimate of 458m tns of magnetite ore grading 37%.
Anyone else following this and care to comment on the gradings and the type of deposit here.
Pretty early days here.
(holding some options)
Fraser Iron, WA
MAK have intersected 'strong magnetite mineralisation' from initial drilling at the West Southdown project which is interpreted to be an extention of Granges Southdown megnetite deposit, with the strike length over 8km. The essays are expected in about a month.
The Southdown deposit has a resource estimate of 458m tns of magnetite ore grading 37%.
Anyone else following this and care to comment on the gradings and the type of deposit here.
Pretty early days here.
(holding some options)
Sean K
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Re: MAK - Minemakers
Market cap still looks pretty undemanding at $7.5m ish. Perhaps it's there for a reason....ie, very early stages of the companys development..
Are you still thinking takeover YT. Probably doubtful considering their other projects. Maybe a JV? Speculation of course, but would get the project running if a resource is proved here, which looks likely by the drilling.
Market cap still looks pretty undemanding at $7.5m ish. Perhaps it's there for a reason....ie, very early stages of the companys development..
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Re: MAK - Minemakers
Kenna,
So far the drilling has shown large "visual" intercepts of Magnetite Iron Ore, assays are due back in 1 month, if they confirm large hits of Magnetite Iron Ore thus confirming an extension of Grange's deposit I'd expect a JV at the least,
This stock is already undervalued given it probably one of the best exposures to the Tin market, evidenced by the fact that "a large Austrian commodities firm, Wolfram Bergbau und Hutten, was investigating a joint venture to develop its tin and tungsten projects in Tasmania, including one operated by the former Aberfoyle."
Kenna,
So far the drilling has shown large "visual" intercepts of Magnetite Iron Ore, assays are due back in 1 month, if they confirm large hits of Magnetite Iron Ore thus confirming an extension of Grange's deposit I'd expect a JV at the least,
This stock is already undervalued given it probably one of the best exposures to the Tin market, evidenced by the fact that "a large Austrian commodities firm, Wolfram Bergbau und Hutten, was investigating a joint venture to develop its tin and tungsten projects in Tasmania, including one operated by the former Aberfoyle."
Sean K
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Re: MAK - Minemakers
Up 30% but pretty low volume.
There's been quite a spread in the bid/ask recently. Either no one want to sell, or no one wants to buy..... LOL.
(holding options)
Should have some news on the tin drilling soon too. Pretty happy they've scooped up a potential JV parner so quickly for the Tungstan/Tin play. Full agreement to be signed by end of May, if Wolfram are happy with the project potential I assume.
Up 30% but pretty low volume.
There's been quite a spread in the bid/ask recently. Either no one want to sell, or no one wants to buy.....
LOL. (holding options)
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Re: MAK - Minemakers
Tin set a new record high of $14,450, supported by supply concerns at the second largest tin supplier Indonesia. Tin was at $14,400 against its last quote on Friday at $14,325/14,350. “Tin we expect to continue steady,” another LME trader said. The early part of the week could see some consolidation as it was only four days until the end of the quarter and, for some participants, the end of the financial year.
Having the "2nd largest Tin Inventory of any ASX listed company" (see MAK ann re TIN) would easily underwrite its current puny mkt cap
The Magnetite Iron project just adds A **** LOAD OF ICING TO THE CAKE!
Tin set a new record high of $14,450, supported by supply concerns at the second largest tin supplier Indonesia. Tin was at $14,400 against its last quote on Friday at $14,325/14,350. “Tin we expect to continue steady,” another LME trader said. The early part of the week could see some consolidation as it was only four days until the end of the quarter and, for some participants, the end of the financial year.
Having the "2nd largest Tin Inventory of any ASX listed company" (see MAK ann re TIN) would easily underwrite its current puny mkt cap
The Magnetite Iron project just adds A **** LOAD OF ICING TO THE CAKE!
Sean K
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Re: MAK - Minemakers
Looks like it's just me and you following this little junior YT.
Quarterly activity report just out, and the only new information is that the drilling at the Aberfoyle Tassie Tin Project was completed with visible tin mineralisation intersected and asseys are awaited. Looks prospective. Also, the MOU with Wolfram is being worked into a JV pending their assessment of the feasibility of the projects to be turned into an economical mining region. Looks good on the surface of things.
Asseys still awaited from the West Southdown Project and a drill hole at Franklin. The target areas on the aeromagnetic maps in the report look pretty promising.
Looks like they're going through about $400K a quarter and have $2.5m left in the bank so they're set for a little longer.
About 60m shares on issue fully diluted gives it a cap of about $9m.
The asseys due could be a catalyst for rerating one way or the other.
Looks like it's just me and you following this little junior YT.
Quarterly activity report just out, and the only new information is that the drilling at the Aberfoyle Tassie Tin Project was completed with visible tin mineralisation intersected and asseys are awaited. Looks prospective. Also, the MOU with Wolfram is being worked into a JV pending their assessment of the feasibility of the projects to be turned into an economical mining region. Looks good on the surface of things.
Asseys still awaited from the West Southdown Project and a drill hole at Franklin. The target areas on the aeromagnetic maps in the report look pretty promising.
Looks like they're going through about $400K a quarter and have $2.5m left in the bank so they're set for a little longer.
About 60m shares on issue fully diluted gives it a cap of about $9m.
The asseys due could be a catalyst for rerating one way or the other.
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Re: MAK - Minemakers
Hey Kenna,
Lots of new Info in there
MAK
Mkt Structure
Shares
50m + 10m 30c 31/12/08 options
So 50m fully diluted UNTIL 30c
Mkt Cap @ 15c = $7.5m Current
Mkt Cap @ 30c = $18m
Mkt Cap @ 45c = $27m Target
Cash
$2.75m + $3m from opies = $2.75m - $5.75m
Projects
Fraser Iron Project Magenite Iron, 100%, W.A.
5km's to the East Grange (Mkt cap $150m+) has outlined JORC of 458Mt@37% Magenite Fe over 6km's
MAK has 2x4km + 1x1km targets that appear to mirror Grange's and will be drill tested soon.
"The results have supported Minemakers’ conceptual model that its tenement hosts a western extension of the major Southdown magnetite iron deposit. Grange Resources Limited has announced that the Southdown deposit has a resource estimate of 458 million tonne of magnetite ore grading 37%. The West Southdown mineralization is visually similar to that at Southdown, but the extent of the deposit has yet to be defined by drilling. Results from the Stage 1 drilling have shown that magnetite gneisses were intersected over downhole intervals of around 150m with the main magnetite mineralization being in intervals of 10–15m. Assays are expected shortly.
Tasmanian Tin and Tungsten Tin and Tungsten, 100%, Tasmania
"Minemakers owns outright the largest historic production combined tin and tungsten province in Australia. Its tin resources are considered to be the second largest and its tungsten resources the third ranked for all ASX listed companies."
ABERFOYLE PROJECT (Subject to Wolfram MOU)
This old underground mine has historically produced 19,000t of tin and 6,000t of tungstate in concentrates, valued at about $450M in today’s prices. An initial 12 hole, 1,263m RC drilling programme was completed during the quarter. Wolfram has agreed to contribute $120,000 towards the cost of the programme. It aimed to establish the degree of remnant mineralization in the historically mined area. Future programmes will test along strike. In the drilling, quartz – which hosts the tin/tungsten mineralization – was frequently encountered and tin was recovered in panned samples. Assay results will be available shortly.
STOREY’S CREEK PROJECT (Subject to Wolfram MOU)
Storey’s Creek was one of Australia’s most productive historic tungsten mining centres.
Old underground mining recovered 12,000t of tungstate and 2,000t of tin in concentrates with a current value of $300M. As at Aberfoyle, Minemakers is appraising the potential for an open cut operation over the old mine, where the footprint of mineralization is around 1,200m x 300m. A major programme of digitization of the historic mining and drilling data has been completed and 3-D modelling is nearing completion.
Sites for an initial ±30 hole, 4000m RC programme have been selected and Mines and Resources Tasmania (“MRT”) is currently conducting their drill clearance investigation process. A drilling rig has been booked for June.
ANCHOR AND GREAT PYRAMID PROJECTS (Minemakers 100% Equity)Significant resources, as follows, have been previously estimated based on extensive
drilling programmes by earlier explorers and producers.
Anchor
8.8Mt @ 0.18% tin (low grade cut-off)
0.6Mt @ 0.47% tin (higher grade cut-off)
Great Pyramid
8.2Mt @ 0.19% tin (low grade cut-off)
2.5Mt @ 0.31% tin (higher grade cut-off)
ROYAL GEORGE
Data review and inspection of core held at MRT has indicated that the previous resource estimates, e.g. 1.2Mt @ 0.34% tin or 0.6Mt @ 0.4% tin, have predominantly considered a high grading operation concentrating on the main greisen. It is evident that there is additional lower grade mineralization in lesser, sub-parallel greisen zones, and this is likely to enhance the viability of a future open cut operation feeding ore to a mill sited near Aberfoyle.
Summary
Enough cash to see it through this round of exploration,
A similar Magenite Discovery next door to Grange would be huge and almost guarantee a take over from Grange,
This appears to be the best exposure to the Tin Market by far, so undervalued and Wolfram have realised this, will take some time, but once development options are chosen this could be a multi bagger
DYOR
Hey Kenna,
Lots of new Info in there
MAK
Mkt Structure
Shares
50m + 10m 30c 31/12/08 options
So 50m fully diluted UNTIL 30c
Mkt Cap @ 15c = $7.5m Current
Mkt Cap @ 30c = $18m
Mkt Cap @ 45c = $27m Target
Cash
$2.75m + $3m from opies = $2.75m - $5.75m
Projects
Fraser Iron Project Magenite Iron, 100%, W.A.
5km's to the East Grange (Mkt cap $150m+) has outlined JORC of 458Mt@37% Magenite Fe over 6km's
MAK has 2x4km + 1x1km targets that appear to mirror Grange's and will be drill tested soon.
"The results have supported Minemakers’ conceptual model that its tenement hosts a western extension of the major Southdown magnetite iron deposit. Grange Resources Limited has announced that the Southdown deposit has a resource estimate of 458 million tonne of magnetite ore grading 37%. The West Southdown mineralization is visually similar to that at Southdown, but the extent of the deposit has yet to be defined by drilling. Results from the Stage 1 drilling have shown that magnetite gneisses were intersected over downhole intervals of around 150m with the main magnetite mineralization being in intervals of 10–15m. Assays are expected shortly.
Tasmanian Tin and Tungsten Tin and Tungsten, 100%, Tasmania
"Minemakers owns outright the largest historic production combined tin and tungsten province in Australia. Its tin resources are considered to be the second largest and its tungsten resources the third ranked for all ASX listed companies."
ABERFOYLE PROJECT (Subject to Wolfram MOU)
This old underground mine has historically produced 19,000t of tin and 6,000t of tungstate in concentrates, valued at about $450M in today’s prices. An initial 12 hole, 1,263m RC drilling programme was completed during the quarter. Wolfram has agreed to contribute $120,000 towards the cost of the programme. It aimed to establish the degree of remnant mineralization in the historically mined area. Future programmes will test along strike. In the drilling, quartz – which hosts the tin/tungsten mineralization – was frequently encountered and tin was recovered in panned samples. Assay results will be available shortly.
STOREY’S CREEK PROJECT (Subject to Wolfram MOU)
Storey’s Creek was one of Australia’s most productive historic tungsten mining centres.
Old underground mining recovered 12,000t of tungstate and 2,000t of tin in concentrates with a current value of $300M. As at Aberfoyle, Minemakers is appraising the potential for an open cut operation over the old mine, where the footprint of mineralization is around 1,200m x 300m. A major programme of digitization of the historic mining and drilling data has been completed and 3-D modelling is nearing completion.
Sites for an initial ±30 hole, 4000m RC programme have been selected and Mines and Resources Tasmania (“MRT”) is currently conducting their drill clearance investigation process. A drilling rig has been booked for June.
ANCHOR AND GREAT PYRAMID PROJECTS (Minemakers 100% Equity)Significant resources, as follows, have been previously estimated based on extensive
drilling programmes by earlier explorers and producers.
Anchor
8.8Mt @ 0.18% tin (low grade cut-off)
0.6Mt @ 0.47% tin (higher grade cut-off)
Great Pyramid
8.2Mt @ 0.19% tin (low grade cut-off)
2.5Mt @ 0.31% tin (higher grade cut-off)
ROYAL GEORGE
Data review and inspection of core held at MRT has indicated that the previous resource estimates, e.g. 1.2Mt @ 0.34% tin or 0.6Mt @ 0.4% tin, have predominantly considered a high grading operation concentrating on the main greisen. It is evident that there is additional lower grade mineralization in lesser, sub-parallel greisen zones, and this is likely to enhance the viability of a future open cut operation feeding ore to a mill sited near Aberfoyle.
Summary
Enough cash to see it through this round of exploration,
A similar Magenite Discovery next door to Grange would be huge and almost guarantee a take over from Grange,
This appears to be the best exposure to the Tin Market by far, so undervalued and Wolfram have realised this, will take some time, but once development options are chosen this could be a multi bagger
DYOR
