AGS - Alliance Resources

[Halba]

I clarify my comment:

200 hole drill program over 3.5km² area.

Thats about 2.5km by 1.5km area.

2500m*1500m*3*4m(average thickness) = roughly 45mT of mineralisation.

They've indicated in presentations a small proportion of that is high grade, about 5mT i'd say @ 0.3%

So 40,000,000 @ 0.03 = 12000t in the non high grade areas.

5mT @ 0.3% = 15,000t in the high grade zone. Total about 27,000t to 30,000t in that area(EAST zone). Possible upside with infill drilling as 200 holes is expansive.

AGS get a quarter share.

 

[Go Nuke]

iT TOLD ME A FAT LOT OF NOTHING REALLY.
But if it means something to some and it picks up the SP..i dont care.
Im still holding onto what i bought at $2.13

 

[laurie]

iT TOLD ME A FAT LOT OF NOTHING REALLY.
But if it means something to some and it picks up the SP..i dont care.
Im still holding onto what i bought at $2.13

I think it told a lot really......that's it's worth spending $14m on drilling want to name me anyone in Uranium that's spending that much on drilling I'm still holding when I got on @.14c

cheers laurie

 

[vert]

running up nicely today, breaking out of pennant

 

[Go Nuke]

Yep $1.83 now. Hope it can sustain this good day and push up through the $1.90 resistance tomorrow.

 

[laurie]

Go Nuke

Would like to think so but ......Friday....retrace hope I'm wrong

cheers laurie

 

[Go Nuke]

Yer true mate. I think you will be right
Profit taking right?

Ah well...we shall see. Nothing wrong with a bit of optimisim

 

[Sean K]

Potentially going to break this resistance at $1.85 ish shortly.

I sold after it broke down through the H&S but it seems to be recovering.....along with a few other U players admittedly.

ANSTO are being a bit tardy on the JORC.

 

[Halba]

Hi I sold out too

Regretting my decision!

 

[Sean K]

Hi I sold out too

Regretting my decision!

LOL. I'm sure the money was put to good use elsewhere. BMN is doing OK....

I'm back in. I still think it's market cap aproaching 500m is a bit much though. The expectations are pretty high on this JORC I feel. Hope it comes in above expectations or it could be punished.

I'm also long term hopeful (not a great term, but anyway) that the Arkaroola EPL could hold more significant IOCGU deposits. So, maybe this time I'll hold for longer term potential.

 

[Halba]

Agree but mkt cap too high for me to reenter. I am doing well on BMN right now thanks kennas =))

 

[laurie]

$1.950 open $1.830 +0.140

Strong move this morning JORC must be getting closer hopping for a +40,000t resource in the western zone 40,000 x 2200 = 88m = @$100/lb $8.8B = $2.2Billion for AGS

cheers laurie

 

[Sean K]

$1.950 open $1.830 +0.140

Strong move this morning JORC must be getting closer hopping for a +40,000t resource in the western zone 40,000 x 2200 = 88m = @$100/lb $8.8B = $2.2Billion for AGS

cheers laurie

Laurie, where did you get the 40K from? Haven't seen that mentioned before.

Looks to have broken though that resistance mentioned above, but days not over. A solid finish and I'd have more confidence. A few U players going ok today too, so might not be specific to the long awaited JORC.

 

[Go Nuke]

Definitely broken through the resistance line i drew in incredible charts at $1.89.
I think it will close the day well too.
I bought in at $2.13 ...but been holding since...so im being optimistic about my shares in AGS

Now, lets just see it set the $1.90 mark as a new base to move up from.

Maybe its doing a BMN and going sideways a bit before the jump.

 

[Halba]

Who said 40,000t? I am getting closer to 25-30,000t by my calcs, remember AGS only get 1/4.

 

[Sean K]

I'm confused with all of the above. The JORC expected is only for the high grade area within Four Mile West. This is just a 1km square zone.

I don't think your calcs are for that Halba. Or, is that the 5m tn figure you are estimating..

Additional drilling is required at west and east to estimate the total resource...

 

[Halba]

Agree. My 25,000t was just a rough calc. But its hard to estimate what and how to value this company, and also it will be some time before they produce. That is why I sold.

Bit confusing this run as there is no clear indication or announcement.

 

[nizar]

Kennas nice boat you got there is it yours and how many feet?

Excuse the offtopic.

 

[Sean K]

Kennas nice boat you got there is it yours and how many feet?

Excuse the off topic.

No, not mine. It's on the shopping list for a 2015 sail around the world trip. 48ft ketch rigged sloop this one. I'd be happy with 42 ft. I'll be after hands to swab the deck!

 

[laurie]

Laurie, where did you get the 40K from? Haven't seen that mentioned before.

Looks to have broken though that resistance mentioned above, but days not over. A solid finish and I'd have more confidence. A few U players going ok today too, so might not be specific to the long awaited JORC.

Well because the cause of the whole problem was one the PFN tool was conservative with the results so the reading was actually higher and yes 25-30k may be correct I just done a quick calc in my head as a % increase to allow for the error which could be as high as 33% IMHO and there could be problems with the SG calculations which will also affect the results hence the delay

cheers laurie