AGS - Alliance Resources
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Over 2Mil in volume.
Perhaps there is an ann on the way?
Its been ages!
But finally getting back up to where i bought in last
Perhaps there is an ann on the way?
Its been ages!
But finally getting back up to where i bought in last
Anyone read Aegis Research?
Below is what they have outlined.
Quasar Resources might delay the release to include high-grade hits from 4-Mile East, where hole AK210 recorded 1.5m @ 2.58% Pu3O8.
Risks - AGS is primarily valued for its interest in the Beverley 4-Mile uranium deposit. Investors are waiting for JV partner Quasar to release a resource/reserve statement, over which there has been a good deal of speculation. It would seem that the JV partners have a project, but its scope is not yet known. After the resource statement is released a BFS will be completed. Then permitting, construction and the issue of an export license . . . but at least South Australia is pro-uranium mining.
Primary Share Price Catalyst - The next value catalyst is the release of resources and reserves for Beverley 4-Mile. Quasar Resources might delay the release to include high-grade hits from 4-Mile East, where hole AK210 recorded 1.5m @ 2.58% Pu3O8. Drilling has started at Warrina, an IOCG target funded by the SA Government through its PACE program. PACE is funding drilling of the Big NW target, one of two geophysical anomalies. A surprise result from Warrina would add significant value to shareholders.
Below is what they have outlined.
Quasar Resources might delay the release to include high-grade hits from 4-Mile East, where hole AK210 recorded 1.5m @ 2.58% Pu3O8.
Risks - AGS is primarily valued for its interest in the Beverley 4-Mile uranium deposit. Investors are waiting for JV partner Quasar to release a resource/reserve statement, over which there has been a good deal of speculation. It would seem that the JV partners have a project, but its scope is not yet known. After the resource statement is released a BFS will be completed. Then permitting, construction and the issue of an export license . . . but at least South Australia is pro-uranium mining.
Primary Share Price Catalyst - The next value catalyst is the release of resources and reserves for Beverley 4-Mile. Quasar Resources might delay the release to include high-grade hits from 4-Mile East, where hole AK210 recorded 1.5m @ 2.58% Pu3O8. Drilling has started at Warrina, an IOCG target funded by the SA Government through its PACE program. PACE is funding drilling of the Big NW target, one of two geophysical anomalies. A surprise result from Warrina would add significant value to shareholders.
See announcment by CUY
"The South Australian Mines Minister, Mr Paul Holloway, spoke at the [Paydirt] conference and re-iterated the South Australian Government’s support for uranium exploration and mining in South Australia. He is reported as saying that two more South Australian uranium mines were up for approval in the next 12 months – these were Curnamona Energy’s Oban project and Quasar-Alliance’s Beverley Four Mile project (Australian Financial Review, 23 March 2007)."
Unlike many pretenders AGS is the real deal.
Heathgate is doing an awful lot of good work behind the scenes, that many do not recognise.
The mine is coming and it is coming fast.
"The South Australian Mines Minister, Mr Paul Holloway, spoke at the [Paydirt] conference and re-iterated the South Australian Government’s support for uranium exploration and mining in South Australia. He is reported as saying that two more South Australian uranium mines were up for approval in the next 12 months – these were Curnamona Energy’s Oban project and Quasar-Alliance’s Beverley Four Mile project (Australian Financial Review, 23 March 2007)."
Unlike many pretenders AGS is the real deal.
Heathgate is doing an awful lot of good work behind the scenes, that many do not recognise.
The mine is coming and it is coming fast.
At the pay dirt conference Steve Johnston was inferring through the use of a power point presentation that the resource was between that of era's ranger deposit of 43900 t and bhp's yeeralie in wa of 52000t . Many analysts from singapore and hong kong to name a few were very impressed with the company.
Like everyone else they will wait until the 3 mines policy is turfed out then there is gunna be a whole lot of buying going on.
Like everyone else they will wait until the 3 mines policy is turfed out then there is gunna be a whole lot of buying going on.
Sean K
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You're right Halba, and free carry is only up to the decision to mine I believe. 25% will be a decent amount by what people are speculating but $500m cap...will need to be significant won't it.
500*4 = 2billion dollars
already fully valued on overall? 3yrs from mining?
smm mkt cap 900million
mtn mkt cap 250million. both operate their own deposits, these 2 may have more returns
in theory the lower the market value the higher the return(from a low base) and these 2 have similar pounds(mtn 80 mil pounds, smm >100m pounds ESTIMATED)
already fully valued on overall? 3yrs from mining?
smm mkt cap 900million
mtn mkt cap 250million. both operate their own deposits, these 2 may have more returns
in theory the lower the market value the higher the return(from a low base) and these 2 have similar pounds(mtn 80 mil pounds, smm >100m pounds ESTIMATED)
Why do people get hung up about the 25%!!
1.T/O possible by Heathgate
2.This JORC will be either the western zone or eastern zone or both
3.AGS has its Maldon Gold project flying along
4.As price of Uranium increases so does AGS share
5.Other projects that AGS has 100% ownership
this is NOT a singe commodity company if it was I would have jumped long time ago
cheers laurie
1.T/O possible by Heathgate
2.This JORC will be either the western zone or eastern zone or both
3.AGS has its Maldon Gold project flying along
4.As price of Uranium increases so does AGS share
5.Other projects that AGS has 100% ownership
this is NOT a singe commodity company if it was I would have jumped long time ago
cheers laurie
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Why do people get hung up about the 25%!!
1.T/O possible by Heathgate
2.This JORC will be either the western zone or eastern zone or both
3.AGS has its Maldon Gold project flying along
4.As price of Uranium increases so does AGS share
5.Other projects that AGS has 100% ownership
this is NOT a singe commodity company if it was I would have jumped long time ago
cheers laurie
True its not....but AGS was the very first share I bought in my life..and I bought it for the Uranium projects!
I did my research on Heathgate and I liked what i saw.
All of their other projects are added bonues.
Its great to see it close over $2 again today, its been awhile
I see a 120k+ bid to sell at $2.10.
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Gee...when u you at the map for where Heathgate is looking with AGS and PDN for Uranium..they really have the area covered dont they!
Sean K
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Marathon's there too aren't they. Mt Gee looks pretty close. AGS looks to have the most territory I think.
Sean K
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I need to check but I think it's just the B4M project that is 25% free carry to mine. The rest of the surrounding tennament is all AGS's. Might be wrong there. For eg, the two gold projects M1 and 2 are within the same tennament and are 100% AGS. Will get back to you.
Sean K
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My mistake, seems the Arkaroola Project includes M1 and 2. Thought they were seperate.
Sean K
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Halba, probably need to check the size of the tenaments to make a call on this. 25% of Arkaroola might be bigger that the Mt Gee area. Not sure, but that's a consideration....Would be interesing to know because I've come to understand the region is pretty hot and there's potential for further significant discoveries.
