AFL - AF Legal Group

[pancho]

Hi found this chart and i do hold what do you think?

 

[greggy]

Navigator resources looks very much to be in a positive uptrend as long as its holds above 20 cents. Next target 40 cents. The company already has 400,000 oz of gold in WA with more to come and has been recently tipped by the Speculator in the Bulletin. But do your own research before buying. I bought 60,000 the other day and will be buying more.

 

[greggy]

NAV - Navigator Resources got another mention in the Bulletin today. The stock went up to 25.5 c in the past few days and is looking very well technically. Any other opinions out there?
But do your own research before buying.

 

[greggy]

Navigator is up to 25.5/26 on nearly 1 million turnover. Any thoughts?

 

[the tipster]

I agree with your post on Intermet Resources being an exciting uranium play, but I don't like Navigator Resources as much. It doesn't have as much upside in my opinion.

 

[Robroy]

Navigator Resources is the week's strong buy recommendation from The Speculator (David Haselhurst) in The Bulletin magazine published today.

Haselhurst points to numerous strong pluses including a 700,000 oz resource of mineable gold at Leonora, WA, an inferred resource which has tripled since the ground was bought in 2003. The resource was established to date at $6 p. oz., one-fifth the industry average.

90% of the gold is in shallow, unmined positions.

7-30 km from Leonora there are five idle or underutilised treatment plants.

Feb drilling results include 4m of 20g/t from 40m; 8m of 20g/t from 16m; and 4m of 7.8g/t from 40m. None of these new results are included in the resource yet.

Some of the company's newly-riased cash will be used to drill for uranium at NAV's rare earth uranium prospect in the Kimberley, which The Speculator describes as 'intriguing'.

More interesting to me is the timing of The Speculator's report, with gold apparently botoming and and the ASX hopefully doing so too.

NAV's price was knocked down in the shakedown, and is now an unusually cheap 45c. It would now seem to have little but upside.

 

[Captain_Chaza]

Let's head for the Blue Sky on the horizon

Salute and Gods' speed

 

[siempre33]

high grade gold discovery.....newz..

http://www.asx.com.au/asx/research/...panyName=&principalActivity=&industryGroup=NO

 

[jpy]

Could someone who is more geologically savvy please explain the figures from the Cummins Range Commencement of Drilling results.
Does it mean that they have a uranium deposit of significance or not?
Many Thanks

 

[namkey]

Another high grade gold announcement. I've really got no idea about the scale of these finds. Are they significant or are they hardly even worth digging up? The market hasn't reacted much to this announcement yet.

 

[namkey]

Well, I wasn't to sure how far this would run and seeing how this is the first time I've ever tried day trading, I took what I could while I was happy. Bought @0.72, sold at 0.82. Now hopefully it doesn't fly over a dollar or something and make me look a fool

 

[ubid]

Sorry namkey, you should of held on!

There is nothing wrong with making a profit!

Looks like she might run well for a while yet, gold upgrade to come out also rare earth results.

 

[Col Lector]

Very little traffic here. NAV could well be worth a look by Au/U3O8/REO followers. Au at Leonora the main game but 100% Cummins Range REO &U3O8 has big potential. Significantly both Au & REO very shallow deposits with cost-benefits attached....
V.positive drill results released this morning for confirming high-grade rare earth & U3O8 at Cummins Range. Very shallow long intercepts with higher grade zones eg,
24m@4.0% REO from 0m (incl. 4m@10.7%)
16m@5.2% REO from 44m (incl 8m@7.6%) or 56m@2.7%REO
56m@324ppm U3O8 from 44m (incl.8m @1078)
Assays do not as yet include expected additional heavy-metals eg, titanium,niobium, tantalum,zircon.
Jorc initial early 2008. Potential for marketable REO concentrate to accelerate project.
Market conditions today mean that NAV sp gains in response have been dampened...for now at least
Thoughts??

08 November 2007
Company Announcements Office via electronic lodgement (11 pages)
Australian Stock Exchange
PO Box H224, Australia Square
HIGH GRADE RARE EARTH-URANIUM
DISCOVERY CONFIRMED
Key Highlights
! A high grade rare earth-uranium discovery at Cummins Range has been confirmed following
receipt of the last of the preliminary (4m composite) assay data for RC drill holes NRC069-
NRC093.
! High grade rare earth oxide (REO) intersections include:-
24m at 4.0% REO from 0m (including 4m at 10.7% REO)
16m at 5.2% REO from 44m (including 8m at 7.6% REO), or 56m at 2.7% REO
24m at 3.3% REO from 28m (including 4m at 5.3% REO), or 40m at 2.5% REO
! Significant uranium intersections include:-
56m at 324ppm U3O8 from 44m (including 8m at 1,078ppm U3O8)
40m at 354ppm U3O8 from 28m (including 24m at 482ppm U3O8)
16m at 402ppm U3O8 from 64m
! Niobium, tantalum, zircon and titanium grades, which attained economically significant levels
in orientation drilling, will only be available following receipt of final assays for the 1m splits.
! The potential for extensions is high as mineralization is open along strike. In addition,
shallow historical geochemical drilling has highlighted widespread phosphate, niobium and
rare earth metals in other areas within the diatreme, and in places at a similar magnitude to
that overlying the central zone of mineralization.
! Preliminary historical metallurgical testwork was successful in producing a high grade, low
thorium, rare earth concentrate using conventional low-cost gravity and magnetic separation
processes. This provides scope for a low capital expenditure development relying on sale of
a concentrate to an external processor.
! An initial JORC resource estimate is planned for early 2008
! 1% REO per tonne recovered is worth $US115 (current FOB China)
1lb U3O8 per tonne (453ppm U3O8) recovered is worth US$93 (current spot price)
! High-grade (plus 3% REO) mineralization appears to be continuous within a halo of lower
grade (1% - 2% REO) mineralization, thereby presenting high and low-medium grade
mining options, potentially augmented with low cost, mechanical grade beneficiation.

 

[Col Lector]

The good news keeps rolling in....New Ann out! Gold at Leonora.....new hits. On top of yesterday's REO/U good news. Something bound to spark the sp sooner or later...

 

[lazyfish]

Here is my take on NAV.

2 main projects

Gold - I will be happy to put a generous 40M on it. Bear in mind that at this stage it is less than 1Moz and the grade is 2.2g/t, not all that exciting.

RE would have to be the bulk of the pie. Reading from the latest anns, and looking at the cross section (Section 307150E), looking west, the area bounded by 1% RE or above, is around 12 x 25 x 25 = 7500m2. Looking at a top down view, we can see the horizontal section is around 150m. So the very rough volume bounded by this high RE zone is around 7500 x 150 = 1.125 million m3. I will be generous and make it 1.5 million m3, give that it could be open to the north west, and north east.

What that gives us is around 3.75MT, using a density of 2.5. We can see from the top down view that most of the grades are less than 2%, but let's just make it 2%. that gives 3.75MT @ 2% RE, which is around 75,000 tons of contained RE. Quite consistent with the non JORC compliant resource estimate that they have.

Now, let's look at a company in a more advanced stage, namely LYC. LYC has 7.7mt @ 11.9% RE, around 917,000 tons. Someone asked a question regarding composition of ore at NAV's cummings range to LYC's and TOM said they are directly comparable.

So in summary, after taking gold and cash out, NAV has a market cap of more than 80 million at today's sp. LYC's market cap is 682M. LYC has more than 10 times the resource, and is in a much advanced stage (I think they have supply contracts signed and plant secured in Malaysia). Given this, I really think the market cap of NAV, less gold and cash should be less than 10% of that of LYC, but isn't the case. I know that I did not take any Uranium into consideration, but being the conservative person I am, and cummings range located in WA, I do not want to factor that in.

Tom said market 'has not digested' the news on RE. I can't say that I agree. NAV is the most interesting company that presented on AMEC today. I will be waiting patiently for a much more reasonable sp to enter.

 

[grace]

I have a few dates coming up in my diary for NAV. New updated resource for gold due Jan/Early Feb. Initial JORC on REO due Feb 08. Gold resource should go over the million oz this time. Anyone still holding? Should be some good news in over the next couple of weeks.

 

[gtsman_05]

I have a few dates coming up in my diary for NAV. New updated resource for gold due Jan/Early Feb. Initial JORC on REO due Feb 08. Gold resource should go over the million oz this time. Anyone still holding? Should be some good news in over the next couple of weeks.

pitiful JORC figure announced today for NAV...

the question is... has it got much more??

Looks like leaving LYC and ARU holding the only viable Rare Earths fort in australia

 

[lazyfish]

Well my estimate is pretty close this time :. Regarding viability though, I vaguely remember reading LYC's presentation in which they said that viable REO deposits need to have low uranium content . Can anyone shed some light?

 

[jonojpsg]

Well my estimate is pretty close this time :. Regarding viability though, I vaguely remember reading LYC's presentation in which they said that viable REO deposits need to have low uranium content . Can anyone shed some light?

Pretty close!! Damn near spot on lazyfish - nice work. If you can do that for a few other explorers who are firming up JORCs that would be great give us a chance to make some more informed trades prior to their actual release

 

[grace]

Board room radio interview. I guess the initial jorc is only over a small area of the whole deposit so hopefully more resource to come. Heavy minerals still to be quantified zircon etc. 1 x metre splits to come through soon. Phosphate there as well at 11.2% (spot price at least $200/tonne). This will add viability to the project. (phospate hill mine at 23% from memory, and that's all they mine is phosphate). I thought the deposit needed low thorium.....could be wrong though.

Assay results should be out soon for recent drilling at Leonora. The 1 million oz will come. I think everyone (like me) was expected it this time. Got close though.

http://www.brr.com.au/event/43367