AGS - Alliance Resources
- Thread starter pussycat2005
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What is happening now? The share price is going down. I thought it was a good announcementbut maybe not the jorc ressource announcement expected by many.
Buy the rumour sell the fact as always Fab......
I won't speak yet, let's have a look at the chart on the close....
Cheers
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For the love of me I'm starting to think money in the bank is less stressfull than watching AGS trying to break its chains that has held it down for so long go figure
cheers laurie
LOL. laurie I thought money in the bank was better...oooh about 6 months ago
Though i didnt put any there.
yeah good announcement that they are skipping the testing and going straight for the mining licence. I would think that mining by late 2009, they are probably looking to be well ramped up close to their maximum output of 4.5Mil lbs/ yr within the year or 2 following.
Isn't that when they reckon that there will be alot more nuclear power stations coming online?
I would not be suprised at all to see Australia building one or looking very hard at it by then too.
But...yes typicaly the share price started out well the went to S*%@ by the end of the day.
Actually it was a pretty bad day all round and Ive no idea what was dragging it down.
We had 2 good days on the DOW to catch up on and for some reason the ASX almost ends up in the red
I actually thought this annoucement was not bad news at all. So why did it go down? Not the takeover rumour I heard about but neither Jorc resources estimate but still ok news.Maybe people got disappointed because they were expecting a better annoucement but that is not a reason to dump the stock.
Volume was not high so.
Volume was not high so.
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I have chosen AGS Alliance Resources for my Uranium pick for 2008 & beyond, & here's an outline for my decision.
And to back my judgment I managed to top up with a further 65,000 shares at .92 on last weeks close, so fingers crossed that we see a rally in share price next week & beyond, actually couldn't believe my luck in the final Hour of Friday's Trading.
Seems many have still failed to understand Four Mile West exceptionally High JORC Resource Grade of .37% (3700ppm) .05% (500 ppm) Cut off & extremely Low Forecast Production ISL Costs of around $10.00 P/Lb. & most importantly Free carried by Quasar.
Fantastic High Grade Intercepts continue at Four Mile East, Including :
5.40 m @ 0.85% 8500ppm pU3O8 (AK370)
1.20 m @ 1.10% 11000ppm pU3O8 (AK371)
2.40 m @ 0.62% 6200ppm pU3O8 (AK372)
4.00 m @ 0.26% 2600ppm pU3O8 (AK373)
5.30 m @ 0.21% 2100ppm pU3O8 (AK376)
2.50 m @ 0.71% 7100ppm pU3O8 (AK382)
2.50 m @ 0.90% 9000ppm pU3O8 (AK386)
4.50 m @ 0.47% 4700ppm pU3O8 (AK395)
1.50 m @ 1.13% 11300ppm pU3O8 (AK398)
2.60 m @ 0.53% 5300ppm pU3O8 (AK442)
1.85 m @ 1.94% 19400ppm pU3O8 (AK445)
5.20 m @ 0.33% 3300ppm pU3O8 (AK447)
4.70 m @ 0.69% 6900ppm pU3O8 (AK447)
1.10 m @ 1.53% 15300ppm pU3O8 (AK453)
2.85 m @ 0.84% 8400ppm pU3O8 (AK470)
3.85 m @ 0.35% 3500ppm pU3O8 (AK477)
2.35 m @ 0.60% 6000ppm pU3O8 (AK482)
2.90 m @ 0.44% 4400ppm pU3O8 (AK487)
3.75 m @ 0.28% 2800ppm pU3O8 (AK489)
4.10 m @ 1.69% 16900ppm pU3O8 (AK505)
2.10 m @ 0.61% 6100ppm pU3O8 (AK519)
2.60 m @ 0.62% 6200ppm pU3O8 (AKC006)
0.70 m @ 1.67% 16700ppm pU3O8 (AKC009)
4.0 m @ 0.43% 4300ppm pU3O8 (AK545)
1.4 m @ 0.97% 9700ppm pU3O8 (AK548)
2.9 m @ 0.49% 4900ppm pU3O8 (AK563)
1.8 m @ 1.09% 10900ppm pU3O8 (AK565)
3.2 m @ 0.82% 8200ppm pU3O8 (AK567)
1.9 m @ 0.60% 6000ppm pU3O8 (AKC016)
2.5 m @ 1.15% 11500ppm pU3O8 (AKC018)
0.7 m @ 2.51% 25100ppm pU3O8 (AKC019)
1.3 m @ 0.94% 9400ppm pU3O8 (AKC025)
2.1 m @ 1.84% 18400ppm pU3O8 (AK586)
2.2 m @ 0.46% 4600ppm pU3O8 (AK586)
3.9 m @ 0.57% 5700ppm pU3O8 (AK594)
2.3 m @ 0.60% 6000ppm pU3O8 (AK598)
3.7 m @ 1.12% 11200ppm pU3O8 (AK600)
3.2 m @ 0.37% 3700ppm pU3O8 (AK601)
2.8 m @ 0.57% 5700ppm pU3O8 (AK603)
2.5 m @ 1.00% 10000ppm pU3O8 (AK604)
1.3 m @ 1.14% 11400ppm pU3O8 (AK605)
1.4 m @ 2.09% 20900ppm pU3O8 (AK609)
4.2 m @ 0.41% 4100ppm pU3O8 (AK614)
7.6 m @ 0.26% 2600ppm pU3O8 (AKC029)
You may well ask what do the above grades mean !!! well many junior uranium companies would rather you didn't know this. That's why they spend most of the time waving their arms about the number of pounds they have, while mumbling under their breath when it comes time to discuss grade. But a quick calculation - using the current uranium spot price of $65.00 Per Lb., with a comparison to the gold grades that most resource investors are familiar with -- shows how grade affects the economics of a deposit:
0.03% U3O8 = $40 a tonne/rock (equivalent to 0.045 oz/tonne gold)
0.3% U3O8 = $400 a tonne/rock (0.45 oz/tonne gold)
3% U3O8 = $4000 a tonne rock (4.5 oz/tonne gold)
30% U3O8 = $40,000 a tonne/rock (45 oz/tonne gold)
When you consider AGSs Four Mile West Deposit has been calculated at an average grade of .37% 3700ppm (Resource calculated at a cut-off at .05% 500ppm), its no wonder the Resource has been classified as World Class.
In Comparison Bannermans Goanikontes Jorc resource of 72Mill Lbs has been calculated at an average grade of .023% 230ppm and (calculated at a cut-off at .01% 100ppm)
The previously reported Jorced Four Mile West Resource covers less than 20% of the potential Mineralization with an initial resource expected for Four Mile West & East, of around 70 to 80Mill Lbs in the 3rd Qrt of 2008, with a potential of attaining a resource of beyond 120Mill Lbs
AGS will very likely have two operations in progress over the coming 18 Months namely their Maldon Gold project & Four Mile Arkaroola J/V project with Heathgate/Quasar..
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Cheers to all AGS Holders from grant64
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Special Note : Is that the Long term Uranium Contract Price has recently fallen last week by $5.00 to $90.00 P/Lb, with the Current Spot price unchanged at $65.00 P/Lb.
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And to back my judgment I managed to top up with a further 65,000 shares at .92 on last weeks close, so fingers crossed that we see a rally in share price next week & beyond, actually couldn't believe my luck in the final Hour of Friday's Trading.
Seems many have still failed to understand Four Mile West exceptionally High JORC Resource Grade of .37% (3700ppm) .05% (500 ppm) Cut off & extremely Low Forecast Production ISL Costs of around $10.00 P/Lb. & most importantly Free carried by Quasar.
Fantastic High Grade Intercepts continue at Four Mile East, Including :
5.40 m @ 0.85% 8500ppm pU3O8 (AK370)
1.20 m @ 1.10% 11000ppm pU3O8 (AK371)
2.40 m @ 0.62% 6200ppm pU3O8 (AK372)
4.00 m @ 0.26% 2600ppm pU3O8 (AK373)
5.30 m @ 0.21% 2100ppm pU3O8 (AK376)
2.50 m @ 0.71% 7100ppm pU3O8 (AK382)
2.50 m @ 0.90% 9000ppm pU3O8 (AK386)
4.50 m @ 0.47% 4700ppm pU3O8 (AK395)
1.50 m @ 1.13% 11300ppm pU3O8 (AK398)
2.60 m @ 0.53% 5300ppm pU3O8 (AK442)
1.85 m @ 1.94% 19400ppm pU3O8 (AK445)
5.20 m @ 0.33% 3300ppm pU3O8 (AK447)
4.70 m @ 0.69% 6900ppm pU3O8 (AK447)
1.10 m @ 1.53% 15300ppm pU3O8 (AK453)
2.85 m @ 0.84% 8400ppm pU3O8 (AK470)
3.85 m @ 0.35% 3500ppm pU3O8 (AK477)
2.35 m @ 0.60% 6000ppm pU3O8 (AK482)
2.90 m @ 0.44% 4400ppm pU3O8 (AK487)
3.75 m @ 0.28% 2800ppm pU3O8 (AK489)
4.10 m @ 1.69% 16900ppm pU3O8 (AK505)
2.10 m @ 0.61% 6100ppm pU3O8 (AK519)
2.60 m @ 0.62% 6200ppm pU3O8 (AKC006)
0.70 m @ 1.67% 16700ppm pU3O8 (AKC009)
4.0 m @ 0.43% 4300ppm pU3O8 (AK545)
1.4 m @ 0.97% 9700ppm pU3O8 (AK548)
2.9 m @ 0.49% 4900ppm pU3O8 (AK563)
1.8 m @ 1.09% 10900ppm pU3O8 (AK565)
3.2 m @ 0.82% 8200ppm pU3O8 (AK567)
1.9 m @ 0.60% 6000ppm pU3O8 (AKC016)
2.5 m @ 1.15% 11500ppm pU3O8 (AKC018)
0.7 m @ 2.51% 25100ppm pU3O8 (AKC019)
1.3 m @ 0.94% 9400ppm pU3O8 (AKC025)
2.1 m @ 1.84% 18400ppm pU3O8 (AK586)
2.2 m @ 0.46% 4600ppm pU3O8 (AK586)
3.9 m @ 0.57% 5700ppm pU3O8 (AK594)
2.3 m @ 0.60% 6000ppm pU3O8 (AK598)
3.7 m @ 1.12% 11200ppm pU3O8 (AK600)
3.2 m @ 0.37% 3700ppm pU3O8 (AK601)
2.8 m @ 0.57% 5700ppm pU3O8 (AK603)
2.5 m @ 1.00% 10000ppm pU3O8 (AK604)
1.3 m @ 1.14% 11400ppm pU3O8 (AK605)
1.4 m @ 2.09% 20900ppm pU3O8 (AK609)
4.2 m @ 0.41% 4100ppm pU3O8 (AK614)
7.6 m @ 0.26% 2600ppm pU3O8 (AKC029)
You may well ask what do the above grades mean !!! well many junior uranium companies would rather you didn't know this. That's why they spend most of the time waving their arms about the number of pounds they have, while mumbling under their breath when it comes time to discuss grade. But a quick calculation - using the current uranium spot price of $65.00 Per Lb., with a comparison to the gold grades that most resource investors are familiar with -- shows how grade affects the economics of a deposit:
0.03% U3O8 = $40 a tonne/rock (equivalent to 0.045 oz/tonne gold)
0.3% U3O8 = $400 a tonne/rock (0.45 oz/tonne gold)
3% U3O8 = $4000 a tonne rock (4.5 oz/tonne gold)
30% U3O8 = $40,000 a tonne/rock (45 oz/tonne gold)
When you consider AGSs Four Mile West Deposit has been calculated at an average grade of .37% 3700ppm (Resource calculated at a cut-off at .05% 500ppm), its no wonder the Resource has been classified as World Class.
In Comparison Bannermans Goanikontes Jorc resource of 72Mill Lbs has been calculated at an average grade of .023% 230ppm and (calculated at a cut-off at .01% 100ppm)
The previously reported Jorced Four Mile West Resource covers less than 20% of the potential Mineralization with an initial resource expected for Four Mile West & East, of around 70 to 80Mill Lbs in the 3rd Qrt of 2008, with a potential of attaining a resource of beyond 120Mill Lbs
AGS will very likely have two operations in progress over the coming 18 Months namely their Maldon Gold project & Four Mile Arkaroola J/V project with Heathgate/Quasar..
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Cheers to all AGS Holders from grant64
.
Special Note : Is that the Long term Uranium Contract Price has recently fallen last week by $5.00 to $90.00 P/Lb, with the Current Spot price unchanged at $65.00 P/Lb.
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Thanks grace
Today has seen an Excellent Presentation By Alliances CEO Steve Johnston
Here's some more facts that Steve, seems to have left out, & that is to focus on Heathgates extremely efficient World class Production facility at the Beverly Mine. Apart from that he did an excellent presentation
This outlines just how efficient Heathgates Beverly Mine Production facilities must be when they were able to operate profitably during the first initial years of depressed Uranium Prices ( Commercial production began In 2001) Here's an outline of the value of U3O8 during the production years, from 2001 to 2005. Check This Out,
_____________________________
29-Jan-01 $7.25
25-Jun-01 $8.90
31-Dec-01 $9.60
_____________________________
28-Jan-02 $9.70
4-Jun-02 $9.90
30-Dec-02 $10.20
_____________________________
27-Jan-03 $10.20
30-Jun-03 $10.9
09-Dec-03 $14.50
_____________________________
26-Jan-04 $15.50
28-Jun-04 $18.50
27-Dec-04 $20.70
_____________________________
31-Jan-05 $21.00
_____________________________
Is it any wonder I have no doubt that the recently quoted production costs at AGS’s Four Mile Project will be within the stated costs of $10.00 P/Lb.
********** Current Uranium Spot Price $63.00 P/Lb **********
******* Current Long term Contract Price $90.00 P/Lb *******
Here’s the link for all Historical U3O8 Prices from 1987 through to 2006 http://www.uxc.com/review/uxc_prices_mth-end.html
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Cheers to all AGS Holders from grant64
.
.
Today has seen an Excellent Presentation By Alliances CEO Steve Johnston
Here's some more facts that Steve, seems to have left out, & that is to focus on Heathgates extremely efficient World class Production facility at the Beverly Mine. Apart from that he did an excellent presentation
This outlines just how efficient Heathgates Beverly Mine Production facilities must be when they were able to operate profitably during the first initial years of depressed Uranium Prices ( Commercial production began In 2001) Here's an outline of the value of U3O8 during the production years, from 2001 to 2005. Check This Out,
_____________________________
29-Jan-01 $7.25
25-Jun-01 $8.90
31-Dec-01 $9.60
_____________________________
28-Jan-02 $9.70
4-Jun-02 $9.90
30-Dec-02 $10.20
_____________________________
27-Jan-03 $10.20
30-Jun-03 $10.9
09-Dec-03 $14.50
_____________________________
26-Jan-04 $15.50
28-Jun-04 $18.50
27-Dec-04 $20.70
_____________________________
31-Jan-05 $21.00
_____________________________
Is it any wonder I have no doubt that the recently quoted production costs at AGS’s Four Mile Project will be within the stated costs of $10.00 P/Lb.
********** Current Uranium Spot Price $63.00 P/Lb **********
******* Current Long term Contract Price $90.00 P/Lb *******
Here’s the link for all Historical U3O8 Prices from 1987 through to 2006 http://www.uxc.com/review/uxc_prices_mth-end.html
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Cheers to all AGS Holders from grant64
.
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hangseng
Gong Xi Fa Cai
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Things are beginning to hot up with AGS
Major uranium mine a step closer
May 18, 2008
SOUTH Australia is a step closer to having a new world-class uranium mine, Premier Mike Rann says
An application has been lodged to develop the Four Mile deposit about 10km north west of the Beverley uranium mine in northern South Australia, Mr Rann said.
"The Four Mile deposit, which was discovered just back in 2005, is considered one of the most significant uranium discoveries anywhere in the world in the last 25 years - the biggest find since Olympic Dam,'' Mr Rann said.
"I understand the company is seeking to break the record for the time between the discovery of the resource in 2005 and production by having an operating mine by early 2010.
Although the mine size is not as big as the proposed Olympic Dam expansion, the grade of the uranium is 10 times bigger than the uranium found at Olympic Dam, which is good news.''
The application was lodged by Quasar, an affiliate of Beverley operator Heathgate Resources which is in a joint venture with Alliance Resources to develop the Four Mile resource.
The new mine would employ about 200 people and process the uranium at the nearby Beverley mine.
source: http://www.theaustralian.news.com.au/story/0,25197,23718874-12377,00.html
Also it seems no AGS stock is currently held for short selling.
http://www.asx.com.au/data/shortsell.txt
Major uranium mine a step closer
May 18, 2008
SOUTH Australia is a step closer to having a new world-class uranium mine, Premier Mike Rann says
An application has been lodged to develop the Four Mile deposit about 10km north west of the Beverley uranium mine in northern South Australia, Mr Rann said.
"The Four Mile deposit, which was discovered just back in 2005, is considered one of the most significant uranium discoveries anywhere in the world in the last 25 years - the biggest find since Olympic Dam,'' Mr Rann said.
"I understand the company is seeking to break the record for the time between the discovery of the resource in 2005 and production by having an operating mine by early 2010.
Although the mine size is not as big as the proposed Olympic Dam expansion, the grade of the uranium is 10 times bigger than the uranium found at Olympic Dam, which is good news.''
The application was lodged by Quasar, an affiliate of Beverley operator Heathgate Resources which is in a joint venture with Alliance Resources to develop the Four Mile resource.
The new mine would employ about 200 people and process the uranium at the nearby Beverley mine.
source: http://www.theaustralian.news.com.au/story/0,25197,23718874-12377,00.html
Also it seems no AGS stock is currently held for short selling.
http://www.asx.com.au/data/shortsell.txt
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Hold your horses Fab.
I dont see old time highs being taken out very soon. Although the news was good it is hardly surprising.
Plenty of resistance on the charts at 1.50 to get through first and finding solid support around this mark will be very encouraging considering the U spot is now $60.
Considering the success of Field leach trials in the past by Qasar and the time from mining lease application to production (about 2.5 years from memory) I would say there is little doubt that this will be the next new U producer in Aus
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It certainly is good to see AGS getting back up there.
I agree we all know that this JV will be the new U mine in Aus, but its just been the sentiment of Uranium keeping the price down.
Happy to hold AGS for some years to come, though it will be nice to at least break even sometime in the near future with this one
Goodluck to all the Uranium longs like myself
PS, I see all the U players are having a awesome day really.
BMN up 10+ %
PDN up 9+ %
EME up 14+ %
DYL up 22+ %
and the list goes on...except for ERN of course
I agree we all know that this JV will be the new U mine in Aus, but its just been the sentiment of Uranium keeping the price down.
Happy to hold AGS for some years to come, though it will be nice to at least break even sometime in the near future with this one
Goodluck to all the Uranium longs like myself
PS, I see all the U players are having a awesome day really.
BMN up 10+ %
PDN up 9+ %
EME up 14+ %
DYL up 22+ %
and the list goes on...except for ERN of course
I assume it's all in the small print but if they have applied for a mining license to the S.A. Government and if approved [if not already] then that signals AGS free carried status comes to an end so any construction cost will have to be meet by AGS [25%] so one's must expect a spp to raise capital for the construction or are they going to use existing processing plant?
cheers laurie
so any construction cost will have to be meet by AGS [25%] so one's must expect a spp to raise capital for the construction or are they going to use existing processing plant?cheers laurie
Hey, Black Range, good pick up at .92 the other week (small parcel!!!). You'd have to be happy with that. Got in at 1.325 this morning after reading this thread over the weekend so already off to a good start after one day. Almost sold half for immediate gain of $700 but reckon with 4 times as many buyers as sellers can only hope for for continued SP rise albeit a tad slowerrrr.
Good fortune to all those in for the long term. Thanks again Grace, it'd be nice to see it cruise along like LNC. CB
Good fortune to all those in for the long term. Thanks again Grace, it'd be nice to see it cruise along like LNC. CB
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I assume it's all in the small print but if they have applied for a mining license to the S.A. Government and if approved [if not already] then that signals AGS free carried status comes to an end
cheers laurie
To my knowledge laurie they are free carried until a decision to mine has been made.
If/ when they get the permit Alliance (with Quasar) will still have to do enviromental studies, BFS, PFS etc ...
Only after this process will a decision be made to go ahead and mine ... then they`ll need a cap raising.
I suspect they`ll pump to the existing plant but it would require an upgrade.
Thanks spooly hmmm by then hopefully we may have our first gold pour
.... well one can hopecheers laurie
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ColB Yes managed to top up nicely with a further 62,000 at .92, giving me a comfortable 125,000 Holding until Production. Been holding onto AGS since the 25cent Days & therefore feel very at ease holding this one for the Long Term.
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Cheers from grant64/Black Range had a very nice Day Yesterday !!!
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ColB might pay to do some research on BLR..... Big Risk With Potential large returns, check the BLR thread for some fast track Research.
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Cheers from grant64/Black Range
had a very nice Day Yesterday !!!.
ColB might pay to do some research on BLR..... Big Risk With Potential large returns, check the BLR thread for some fast track Research.
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Nice move for AGS today. Closed at $1.51, up 13.5 cents or almost 10%. Possibly the mining lease application and associated statement by Rann filtering through the market??? Although that was fair while ago (19th).
Got a few back late last year at an average of $1.29. Looks like a really good long term buy.
Got a few back late last year at an average of $1.29. Looks like a really good long term buy.
Hi,
I'm just starting off in shares and I've really been interested in Uranium so I guessed AGS might be a good starting point for me, I just have a couple of newbie questions:
- Not knowing how big business operates exactly, having a joint venture with heathgate, how are profits distributed? Does Heathgate take the 'cream' by operating the processing plants and leaves AGS with leftovers?
- What is this JORC that I keep reading about?
- How does AGS compare with PepinNini? Does AGS have far bigger reserves and/or cleaner grades of U?
Wish me luck as I dive in the deep end...
Cheers.
I'm just starting off in shares and I've really been interested in Uranium so I guessed AGS might be a good starting point for me, I just have a couple of newbie questions:
- Not knowing how big business operates exactly, having a joint venture with heathgate, how are profits distributed? Does Heathgate take the 'cream' by operating the processing plants and leaves AGS with leftovers?
- What is this JORC that I keep reading about?
- How does AGS compare with PepinNini? Does AGS have far bigger reserves and/or cleaner grades of U?
Wish me luck as I dive in the deep end...
Cheers.
