AEV - Avenira Limited

Sean K · 9 January 2008

Re: MAK - Minemakers

kennas said:
What's 14% of 2b x $200?

Sounds like a lot of IGV to me.

I must be adding this up wrong.

2Bt x 14% = 280Mt
x $200/t = $56b

Give them 10% IGV for mc = $5.6b

Someone who passed maths please correct me. Thanks.

Obviously, you must not value a company on it's current IGV like this.

Sean K · 9 January 2008

Re: MAK - Minemakers

I think there's some taxi drivers chasing this.

Heads up 50%, Oppies 114%.

I reckon it'll come off quite a bit when the HC pump and dumbers take their bit. Caution warranted I think.

Having said that, $56b IGV! That is ONLY if the price of Phos stays at $200 too remember! Not sure where the markets going from here....

Sean K · 9 January 2008

Re: MAK - Minemakers

Very surprised to see this hold up so well. A strong finish will provide an interesting start tomorrow.

BRR interview here for anyone interested. Might just be me by the looks...

http://www.brr.com.au/event/39646

Spiking up towards all time highs and hopefully a re-rating. Looks like there was something in those two good days when it rose off the bottom.

This is their No 3 project too IMO.

Captain_Chaza · 9 January 2008

Re: MAK - Minemakers

I am still holding on

Has anyone had the time to do the Figures yet?
Or is it that Fundamental Analysis has lost its edge again

Salute and Gods' speed

Sean K · 10 January 2008

Re: MAK - Minemakers

Captain_Chaza said:
I am still holding on

Has anyone had the time to do the Figures yet?
Or is it that Fundamental Analysis has lost its edge again

Salute and Gods' speed

Capt, you could pump any fundamentals you like into a model all based on assumptions and you could get any valuation you like from 40 cents to $27 (as I saw on HC, LOL )

After investing for 15 years this is the first triple figure gain (oppies up 177%)I've had in a day, and I'm hoping this isn't just a pump and dump short term and the rerating has legs.

They won't be doing any further field work at TC for a couple of months, so I assume the excitement will drop away a bit.

Unless they can pull a rabbit out of the hat and get the (positive) EM survey results on WS out in the next week or so...

Yours Aye,
kennas

JTLP · 11 January 2008

Re: MAK - Minemakers

So what does the future hold for MAK? Languishing back to the shadows of its former self around the 20 cent mark? Or consolidation then onward and upwards?

Personally, I can see MAK getting pretty low, around the 40 cent mark. This is obviously as a result of the traders. They will need to start pumping out announcements about other prospects and what they plan to do with the phospate to keep investors serious about MAK. They have potential, but they need to fully exploit it and keep the market informed.

How quickly do people think MAK can get the goods out of the ground? Fast enough to help impact on the SP?

Also, will insto's be buying in? T/O possibly?

Sean K · 12 January 2008

Re: MAK - Minemakers

JTLP said:
So what does the future hold for MAK? Languishing back to the shadows of its former self around the 20 cent mark? Or consolidation then onward and upwards?

Personally, I can see MAK getting pretty low, around the 40 cent mark. This is obviously as a result of the traders. They will need to start pumping out announcements about other prospects and what they plan to do with the phospate to keep investors serious about MAK. They have potential, but they need to fully exploit it and keep the market informed.

How quickly do people think MAK can get the goods out of the ground? Fast enough to help impact on the SP?

Also, will insto's be buying in? T/O possibly?

Yes, depends on a few things doesn ´t it. Much of it on the price of the commods it ´s trying to develop. You are right about news, more needs to get out or it may languish. If Rock Phos starts heading south, then this might be dramatically sold off. If it keeps going up then MAK could be even more significantly rerated. Next should be the EM survey from WS. With the previous results in, you ´d expect some pretty good targets. Need to find some drill rigs then. Takeover, I don ´t think so, but large farm in-JV will be needed to take these things to production. MAK may have to give up quite a bit of the projects to get them on board. Hopefully those Asia interests come to fruition.

ALFguy · 14 January 2008

Re: MAK - Minemakers

Interesting article on BRW.

http://www.brw.com.au/viewer.aspx?ATL://1200029052111&magsection=Mining+%26+Energy&portal=_Page&title=Packed+with+potential

Sean K · 15 January 2008

Re: MAK - Minemakers

As far as further boosts to MAK, this one is sure to provide some interest.

ASX ANNOUNCEMENT

MOINA FLUORSPAR-TUNGSTEN-TIN BASE METALS PROJECT UPDATE

13 December 2007

Increased international interest in Minemakers’ Moina project in northern Tasmania due to significant fluorspar price rises caused by Chinese mining export cut-backs.

In-fill assaying is in progress with the objective of a new and JORC-compliant interim resource estimate being commissioned in the first quarter 2008 without any further drilling.

Detailed metallurgical testwork is underway in Europe, aimed at assessment of recovery of multiple commodities.

It's worth reading the rest of the ann for the discussion on Flourospar.

Apologies that this is outdated but I don't think it was raised in the thread previously. I have not included this in MAK's top 3 projects because I don't know much about flourospar and just glanced over it. As I almost did with the Rock Phos....

So, now we may have WS EM survey results come in, Tin JV update, JORC and possible ann of JV/Farm In at Moina, and in a couple of months drilling at TC. Lots of news to come.

Let's hope the traders have now left MAK and the MC can find it's feet....

Taurisk · 15 January 2008

Re: MAK - Minemakers

Hi Kennas

Just logged onto my portfolio and was amazed at the jump of MAK - now on .56

re fluorspar:

Fluorspar is used directly or indirectly to manufacture products such as aluminum, gasoline, insulating foams, refrigerants, steel, and uranium fuel. All domestic sources of fluorspar are derived from sales of material from the National Defense Stockpile and from a small amount of synthetic fluorspar produced from industrial waste streams. Byproduct fluorosilicic acid production from some phosphoric acid producers supplements fluorspar as a domestic source of fluorine, but is not included in fluorspar production or consumption calculations.

Pretty important stuff - the above is from an U.S. site.

Cheers

Taurisk

grace · 15 January 2008

Re: MAK - Minemakers

kennas said:
As far as further boosts to MAK, this one is sure to provide some interest.

It's worth reading the rest of the ann for the discussion on Flourospar.

Apologies that this is outdated but I don't think it was raised in the thread previously. I have not included this in MAK's top 3 projects because I don't know much about flourospar and just glanced over it. As I almost did with the Rock Phos....

So, now we may have WS EM survey results come in, Tin JV update, JORC and possible ann of JV/Farm In at Moina, and in a couple of months drilling at TC. Lots of news to come.

Let's hope the traders have now left MAK and the MC can find it's feet....

One person who might be able to shed some light on the industry is "ithatheekrit" after doing lots of research about all of this in relation to Incitec Pivot. Just a thought.

Sean K · 16 January 2008

Re: MAK - Minemakers

Thanks Taurisk and Grace.

Was an excellent finish for MAK yesterday. I was surprised to see it on the back of no ann and after the early sessions where further profit taking, distribution, looked to be taking place.

In regard to the Flourite Project, I note they are targetting a 50Mt resource of various minerals (primarily flourite) with a current IGV of about $3b. I think when they confirm the details with the PFS in the coming weeks we may see even more interest in MAK. There will be an update on this project in the Qtly to be released next week.

As I have said before, I think the market has only really been interested in WS (potential 450Mt Magnetite, IGV??), the Tassie Tin Projects, and TC Rock Phos, which has been an upside surprise to the general market. I don't think there's much in the Tassie U potential, and U is in the dog house right now, but the NT and WA radiometrics looked good.

Chart wise, looks like the sloppy pole and pennant may be confirmed which gives, on the surface of it, an unrealistic price target to me. It may be jumping too fast for my liking. Slow and steady wins the race...

Perhaps AD was right and 2008 is the year for a Big MAK...

Sean K · 16 January 2008

Re: MAK - Minemakers

Damn DOW might put a halt to this run.

Another ann this morning with notice that Tungstan assays at Tassie Tin may be underestimated by as much as 30%. Should make the potential JV partner more confident in the project.

ASX ANNOUNCEMENT

RE-ASSAYING IMPROVES TUNGSTEN OUTLOOK IN TASMANIA

16 January 2008

HIGHLIGHTS

Re-assaying by different techniques has confirmed that the previously reported tungsten grades from Minemakers’ drilling at Storey’s Creek were erroneously low.

Further re-sampling has been initiated on the drill samples obtained from both Storey’s Creek and Aberfoyle so as to derive an accurate understanding of the grades of mineralization intersected by our 2007 drilling programmes.

Minemakers undertook Stage 1 RC drilling programmes in 2007 at the historic Storey’s Creek and Aberfoyle tungsten and tin mines in north eastern Tasmania. Results were released on 21 June 2007 and 24 October 2007 and, in those reports, doubts were expressed concerning the accuracy of at least the tungsten assays which were at odds with historic production.

Minemakers is pleased to report that results have been obtained from a trial re-sampling programme from the Storey’s Creek programme. ICP and fusion XRF assaying techniques have both indicated that the grade was about 30% higher than was previously obtained from powder XRF assaying. In consequence, an ICP and fusion XRF re-assaying programme for several holes from both Storey’s Creek and Aberfoyle has been initiated for tungsten, tin and base metals.

Depending on the results, Minemakers may then re-assay all other holes from those drilling programmes so as to derive an accurate assay picture to date and to enable planning for further resource investigations.

Managing Director, Andrew Drummond stated:

“When we drilled Storey’s Creek, which was a major old tungsten mine with byproduct tin, and the drill samples returned more tin than tungsten, we knew something was not in order. The new assays are getting us back on the track of a proper appraisal of this great old mining field and I look forward to the next round of assays.”

Sean K · 16 January 2008

Re: MAK - Minemakers

kennas said:
Chart wise, looks like the sloppy pole and pennant may be confirmed which gives, on the surface of it, an unrealistic price target to me. It may be jumping too fast for my liking. Slow and steady wins the race...

Unfortunately there's some rediculous pump and dumping going on at HC which is causing some severe volatility. Part of the game I suppose, but a note to new investors and traders of what can happen on greed and fear. Times like these I wish I didn't watch the screen all day....I'm an emotional beast too...

Wilson! · 17 January 2008

Re: MAK - Minemakers

Hi kennas

I bought in today, on the oppies
I think the phosphate will be a massive company maker. In a few years, could well be a few bucks on that alone, plus the other projects

But yes it is manipulated and ramped up and down on HC, but who cares, if it has the goods, doesnt matter what we say on the boards.

Sean K · 21 January 2008

Re: MAK - Minemakers

kennas said:
Chart wise, looks like the sloppy pole and pennant may be confirmed which gives, on the surface of it, an unrealistic price target to me. It may be jumping too fast for my liking. Slow and steady wins the race...

Quarterly will be out this week as I understand it with an update on the Flourite (poly) project in Tassie. The company is targetting 50Mt at whatever grades.... with IGV of $3b. (from the company website)

Just on this, you could give MAK a MC of 10% IGV for this which is $300m.

Add that to the $56b IGV for Rock Phos.

Then add potentialy 500Mt magnetite at WS....

The pole and pennant formation is still sort of in play, but as I said the target looked unreasonable.

Now another little consolidation period has eventuated and another pennant formed. Target is generally considered to be the length of the pole from breakout.

(thank you MAK, you are saving by @rse)

grace · 21 January 2008

Re: MAK - Minemakers

I read some news that Andrew Drummond is out doing the rounds of Sydney brokers, and hosting a lunch for finance journos at Darling Harbour tomorrow. I don't hold (swearing and cursing about that too).

Sean K · 21 January 2008

Re: MAK - Minemakers

kennas said:
Quarterly will be out this week as I understand it with an update on the Flourite (poly) project in Tassie. The company is targetting 50Mt at whatever grades.... with IGV of $3b. (from the company website)

Qtly out with what looks to be all posative stuff, but no great update on Moina.

HIGHLIGHTS
WONARAH PHOSPHATE PROJECT
The rocketing price of rock phosphate now provides potential for evelopment of a major and profitable mine. Work programmes leading to feasibility have been initiated.
MOINA FLUORSPAR AND POLYMETALLICS PROJECT
Detailed metallurgical investigations of Australia’s largest fluorspar deposit are
under way. The world fluorspar price has recently increased from US$130 to
US$315 per tonne.
TASMANIAN TIN AND TUNGSTEN
Recent tungsten re-assaying has increased grades, as anticipated at the Storey’s Creek Project. Further re-assaying is underway.
WEST SOUTHDOWN MAGNETITE
Detailed aeromagnetic survey was flown and is currently being interpreted to
provide priority targets for the next drill programme.
URANIUM
Castle Carey stratigraphic target returned encouraging first drill results. New
targets have been generated by field surveys and more are expected from
current assessment of the recently acquired government regional radiometric
airborne survey.

PLANNED WORK PROGRAMMES FOR THE MARCH QUARTER
Minemakers currently plans to complete the following tasks in the March Quarter.
WONARAH
• Initiation of studies leading to feasibility.
• Metallurgical testwork.
• Commencement of drill-out of the Main Zone resource and testing of the outcropping
Aruwurra Prospect, which is characterised by relatively high grades.
MOINA
• Completion of Stage 1 metallurgical assessment.
• Infill assaying of all available drill core to provide the basis of new resource
estimates.
TASMANIA TIN AND TUNGSTEN
• Resolution of tungsten assay problem.
• Investigation of associated mineralization at Storey’s Creek and Aberfoyle, Royal
George and Anchor by multi-element assaying.
IRON
• Target definition after interpretation of recently acquired aeromagnetics.
• Drilling of “hot-spot” targets, subject to confirmation of drilling contractor availability.
URANIUM
• Interpretation of recently acquired Tasmanian airborne radiometrics.
• Ground follow-up of anomalies.

And on Moina:

MOINA FLUORSPAR, MAGNETITE, TUNGSTEN, TIN AND BASE METALS
DEPOSIT, TASMANIA
OPTION TO ACQUIRE AN INITIAL 80% EQUITY.
On 13 December 2007, Minemakers announced that the price of fluorspar delivered
to a North European port had increased to US$230/t from the US$130/t of a year
earlier. Driven by further cutbacks in export availability from China, the world’s
largest producer, January prices are understood to have risen quickly to US$315/t.
Moina is by far Australia’s largest known fluorspar deposit and, based on historic
drilling, mineralization potential for an open cut operation of the 50-60Mt range is
considered possible by Minemakers. At a 3 Mtpa processing rate, Moina could be a
fluorspar and tungsten producer of world status.

Seems my information about a resource update at Moina was off...

Stock up 20-30% though so all's going great for MAK holders. I would like to see some more steady consolidation and rises (heart's not taking this market well) but I suppose that's what you get with specs.

Sean K · 22 January 2008

Re: MAK - Minemakers

This is almost running too far. Sure it's been re-rated on the Rock Phos project, but this is getting silly. Risky to jump in right now IMO and there just needs to be some more natural consolidation. Even though, on the surface of it, it's key projects have such potential value to the company mean it's MC should naturally be realigned with whatever value the market thinks it should have. With $60b IGV in 2 projects, and 2 other major ones unrealised yet, it's up for argument and discussion of what this means to the company. But geesh, this chart is scary!

zengin · 25 January 2008

Re: MAK - Minemakers

Hi guys

there is some sort of financials out on MAK today but because I cant read financials can some one explain what is all mean.

Thanks

( hope this is okey JOE)

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