ANL - Amani Gold

[sleeper88]

this IPO opens today and closes on the 30th of November.

Well this is what they have to offer:

West Africa
Burey has entered into a farm-in and joint venture agreement to earn a 70% interest in an advanced gold exploration project (Mansounia) in Guinea, West Africa. The Mansounia property lies some 2km south of the Keniero (Jean-Gobele) mine processing facility owned by Toronto listed Semafo Inc. Burey is currently undertaking a 90 hole (approximately 7,800m) RC drilling programme with results due early in 2007.
Australia
Burey has also been granted an option by ASX listed Kalgoorlie Boulder Resources Ltd (KBRL) to acquire a number of mineral interests prospective for uranium in Western Australia and South Australia. KBRL's portfolio of uranium assets consists of approximately 26 exploration licences or applications covering a total of approximately 5,040 km². The option is for a period of six months from listing during which time Burey will undertake and complete due diligence to its satisfaction.

CIG shareholder's like me have a priority offer, but the prospectus looks below par for a company that is going to list (hmm..black and white )..probably do some research before diving my head in..or maybe not

 

[YOUNG_TRADER]

Ok guys heres another GEM, its got me very very excited,

Why?

1. Because its got a very small and very tight share registry, very tight so it will soar like BCN

2. Its got an early stage gold project similar to that of GRY (Gryphon Minerals)

3. Its going to have a very large Aust based U portfolio as its acquiring all of KAL's (Kalgoorlie Boulder) Uranium Interest which are very extensive, 1 has a non jorc compliant 700kt@0.06%U deposit on it = 770k lb's U
Another one of the projects are in a JV with Mega Uranium

Full Analysis to follow shortly

I WOULD ASK THAT THIS RESEARCH BE KEPT TO ASF ONLY UNTIL AT LEAST END OF FRIDAY SO AS TO GIVE ASF PEEPS A CHANCE TO GET ON BOARD.

 

[CanOz]

Ok guys heres another GEM, its got me very very excited,

Why?

1. Because its got a very small and very tight share registry, very tight so it will soar like BCN

2. Its got an early stage gold project similar to that of GRY (Gryphon Minerals)

3. Its going to have a very large Aust based U portfolio as its acquiring all of KAL's (Kalgoorlie Boulder) Uranium Interest which are very extensive, 1 has a non jorc compliant 700kt@0.06%U deposit on it = 770k lb's U
Another one of the projects are in a JV with Mega Uranium

Full Analysis to follow shortly

I WOULD ASK THAT THIS RESEARCH BE KEPT TO ASF ONLY UNTIL AT LEAST END OF FRIDAY SO AS TO GIVE ASF PEEPS A CHANCE TO GET ON BOARD.

yeah....tight alright, pull up any chart and you'll see that the price reacts with any volume. Seems to have developed a bit of support for .22.....this may be worth a look for a low risk setup....although its a bit early for a true technical setup.

Thanks YT, as always your in the action.

Cheers,

 

[YOUNG_TRADER]

BYR
Share structure
45m shares of which only 25m are listed
(Will be doing a 1:2 rights issue of 20c opies in early March)

Mkt Cap
20c = $9m
30c = $13.5m
40c = $18m
50c = $22.5m

Cash $5m in the bank

Gold Projects

Mansounia earning up to 92%, Gold, Guinea West Africa
This project had excellent fundamentals

The target deposit is 4kms long by about 1-1.5kms wide, previous drilling has indicated that the gold is low garde ie Avg 1g/t Au - 1.5g/t Au, but is at times near surface and is up to 60m thick avg probably 20m

The deposit is 2kms south of the Keniero Mine owned and operated by TSX listed Semafo which is currently depleteing its low grade ore reserves, so obviously a toll treatment of ore here is the best option.

The area is host to numerous large low grade operations so I would not be surprised if this deposit although low garde turned out to be huge ie 100Mt@1g/t = Over 3Moz's Au

BYR completed a 90 RC Drill Campaign in Dec so expect results soon, if they prove up the mineralisation then watch out as the Investment Banks love these African gold plays (see GRY operating not too far away in Burnika Faso)

The company is well funded and can earn up to 92% in this project and as I've stated would not need copious amounts of capital to bring project on stream as it can Toll Treat with the TSX company.



URANIUM PROJECTS
The company has signed an agreement to purchase ALL of KAL's (Kalgoorlie Boulder) Uranium Interests which are very extensive, the cost of the transaction will be 17.5m BYR shares but it will be well worth it given the projects.

For more information see KAL, KAL's reports show the Uranium grounds, require a bit of digging to find all the info I have especially re Lyndon

Kintyre 50:50 JV with MEGA Uranium, W.A.
5 Licences, JV was with RPT who is now part of Mega, Mega funding exploration


Lyndon 100%, Uranium, W.A.
There are 5 targeted deposits, 1 of which after a small amount of follow up work had an estimated 700kt's@0.058%U = 770k lb's U (Pre JORC Code)
Theres still 4 more to test!


Gascoyne 100% Uranium, W.A.
10 Licences covering 1321 km²


South Australia 100% Uranium, S.A.
Only 1 licence so far





Summary
With a very promissing gold project comparable to GRY

Multiple Aust Uranium Projects (still to be finalised) that appear highly prospective, Lyndon and Kintyre in particular

A very small mkt cap (still under $12m) and a very tight share registry with only 25m shares listed, of which the top 20 hold 75% or so

$5m cash in the bank

An upcoming 1:2 opie rights issue in March


THIS COMPANY LOOKS VERY PROMISING

Mkt Cap of under $12m won't last for long, another BCN in the making!

Enjoy!

 

[skegsi]

Thanks for research again YT.

Just a few questions (I think I'm going to buy some anyway)
Is entry point that important at this stage, or doesn't it make a huge difference at these prices/market cap?

Is it likely that the share price will just move along sideways until closer to March? (1:2 rights issue of 20c oppies) (barring any unexpected announcements)

The other question, when they say it will cost BYR 17.5m of their shares for all of KAL's uranium interests. How does that work? Do they just add 17.5m shares to the total class issue?

I don't think it makes a huge difference but doesn't the guinean govt take 15% making BYR's maximum earning 85% at Mansounia?

Very new to the game, excuse the multiple questions
Cheers

 

[YOUNG_TRADER]

Hey Skegsi

I doubt the share price will move along sideways until March, given the very tightly held nature of this stock, any attempts by a few people to buy accumulate will cause it to rise its that tight,

I reckon that the 90 Gold RC Drill results will be back soon which should show a very large low grade deposit comparable to GRY thus giving people reason to buy

I also think that once people realise the sheer number and prospectivitiy of Uranium projects BYR is about to get alot of buying will happen

I am very confident in BYR and hence bought 400,000 shares over the last few days (wasn't easy and I had to pay up) I expect big things from it

 

[GRTRADER]

I decided to buy in - this looks like a good one for 2007.

The reason I did was partly on YT's research, partly on my own research and partly because it is a new stock which hasnt risen too much since listing and seems like it has a lot of potential (last reason probably isnt a very good one but it provides a bit of balance to my portfolio anyway)

Cheers and good luck to all!

 

[YOUNG_TRADER]

What are peoples thoughts on

a) The gold project in Africa

b) The uranium projects


Looking for some more feedback here,

ie for the Gold project, great that there's an exisiting mine 2km's north but not sure about grade, not sure about tonnage etc etc

 

[x2rider]

Hi folks
I got this off the burey wesite and there seems to be a lot of info on there

The Siguiri Basin hosts a number of significant gold deposits. The Siguiri Mine, located in the north of the Siguiri Basin some 150km northeast of Mansounia, is a large tonnage low-grade deposit with reported combined resources and reserves of 4.3Moz Au. The Lero Mine, in the north west of the Siguiri Basin, is another low-grade HCL operation with reported combined resources and reserves of 2.28Moz. Of more importance for the Mansounia Project, the Keniero (Jean-Gobele) Mine owned by Toronto listed company, Semafo Inc with reported combined resources and reserves of 1.09Moz, the plant-site of which s located less than 2km north of the Mansounia Project boundary.

Soil sampling completed by previous explorers identified a +10ppb gold-in-soil halo in the northern portion of the Mansounia permit extending over some 3.9km in strike in a broad northeast orientation with many well defined zones exceeding 250ppb Au over a width of 200m to 400m. A number of these zones were tested by initial RAB scout drilling and follow-up RC drilling. Best results from the drilling program included;

§ 63m grading 1.46g/t Au from 3m in hole MRC069

§ 32m grading 1.87g/t Au from 1m in hole MRC068

§ 57.5m grading 0.84g/t Au from 1m in hole RAB043

§ 35m grading 1.07g/t Au from surface in hole MRC065

§ 30m grading 1.20g/t Au from 4m in hole MRC009

§ 26m grading 1.31g/t Au from 16m in hole RAB008


§ 14m grading 2.28g/t Au from surface in hole MRC012
Hope it helps
Cheers martin

 

[skegsi]

From the prospectus:
"Of more importance for the Mansounia Project,
the Keniero (Jean-Gobele) Mine owned by Toronto listed company, Semafo Inc with reported combined resources and reserves of 1.09Moz, the plant-site of which s located less than 2km north of the Mansounia Project boundary."

Looks promising.

I think they said in the prospectus that if they acquire KAL licenses they will use some of the funds from IPO to explore. Any good announcements from uranium exploration would be a bonus to already promising stock with miniscule market cap
I reckon

On another forum:
"Hearing from the savvy Perth $$$$million$$$$'s boys club that this could be set alight shortly (b4 end of Jan) on the back of U deal being consumated with KAL and also a mega African deal coming in with verrrrry big backing......accumulative buying since mid Dec float makes it a buy in my book"
and
"Matty Walker (AQP) has big family position, big,big talk around the traps"

anyone know what this is about?

Cheers
Tim

I know this might seem a silly question, but...
It doesn't look like these will drop below 22-23c and this rights issue in March is selling oppies at 1c for 20c exercise price. Does this mean that it's highly likely that oppies will double/triple/quadruple on first day? It seems too easy. I've probably got it wrong.

 

[skegsi]

sorry x2rider just realised you already posted on it

 

[YOUNG_TRADER]

I know this might seem a silly question, but...
It doesn't look like these will drop below 22-23c and this rights issue in March is selling oppies at 1c for 20c exercise price. Does this mean that it's highly likely that oppies will double/triple/quadruple on first day? It seems too easy. I've probably got it wrong.

Regardless of the SP you won't get the opies for less than 1c no way no how, hell I'll buy 3M OPIES at 1c if I can


Most likely opies will list at 5-10c

Results from the 90 Hole Drill campaing that was completed per float (results expected soon) will give more guidance on what we can expect from Mansounia Project


I can't wait for follow up work on the Lyndon Uranium project, if the other 4 target deposits turn out like the 1st it could be 3Mt@0.058% Uranium = 3M lb's U as opposed to current 770k lb's u

Even current 770k lb's U
@ $5/lb EV = $3.85m
@$10/lb EV = $7.7m


And don't forget about the $5m cash

 

[djones]

I have bought into this now, paid a higher price than I perhaps should of but looks a very good company even at .26c and as im away overseas for next 3 weeks wont have a chance to accumulate slowly. Thanks YT.

 

[GRTRADER]

I wouldnt worry about it if you are buying for the long term. Im starting to wish I had bought more but just dont have the funds available atm

 

[YOUNG_TRADER]

I have bought into this now, paid a higher price than I perhaps should of but looks a very good company even at .26c and as im away overseas for next 3 weeks wont have a chance to accumulate slowly. Thanks YT.

I was thinking I'd try and accumulate too, but then when I realised that the 90 RC Drill holes were completed back in Dec pre float, I thought well should expect results very soon, it doesn't take 1 month to get assays back so didn't want to risk it

Hence why I paid up, but thats just me, who knows maybe lucky and get another 2 weeks to accumulate it,

I should tell you guys that I'm getting Pato's analysts to run a ruler over it, as they love GRY so I want to know how comparable BYR is to them, then the large uranium portfolio will just add spec value to it (very large spec value as with all U plays)

GRY has about 100m fully issued shares options etc, so at 37c Mkt Cap = $37m

As I have said BRY has 45m shares on issue so at 26c = $12m
Now they will also have another 20m rights opies in a month or so and they will pay to KAL 17.5m BYR shares but at the end Max will be
62.5m + 20m 20c opies @ 26c = $22m
Still roughly half GRY yet it would have that huge U portfolio to go with it

 

[skegsi]

This was taken from the prospectus:

"Soil sampling completed by previous explorers identified a +10ppb gold-in-soil halo in the northern portion of the
Mansounia permit extending over some 3.9km in strike in a broad northeast orientation with many well defined zones
exceeding 250ppb Au over a width of 200m to 400m. A number of these zones were tested by initial RAB scout
drilling and follow-up RC drilling."

Please don't take too seriously as I'm only new to this, but if someone can read it and give feedback to accuracy or relevance

3900m x 200m x ~20m (estimates) = 15,600,000 cubic metres
A cubic metre of gold weighs 19.2 tonnes
15,600,000 x 19.2 = 292,520,000 tonnes of gold
At a low grade of 1gm/tonne = over 10Moz of Au

and that's only the northern halo

Again, please wait for somone who knows what they are talking about to read and give feedback

Cheers

 

[canny]

'Results for the 90 RC holes due early 2007'

1c loyalty option to be announced by early March.

Looks great - another good find from 'the house of YT!!!'

YT - I reckon there's only this week left to get them under 30c. The results could hit us any time I guess, and as you say, they are very tightly held.

No spreading of your info this week.

 

[moses]

I just bought BYR at 0.255 and it goes straight into a trading halt!!!

 

[canny]

Looks good - this from the pre-open quarterly ann:
From the 90 RC hole drill:
Drill sample assay results have been received and are currently being collated and interpreted
to allow definition of the limits of mineralization and to highlight potential extensions to the
mineralization that will require planning of follow-up drilling programs. It is anticipated that
the Company will be in a position to release a comprehensive analysis within the next two
weeks.

 

[YOUNG_TRADER]

From their Qtrly

Drill sample assay results have been received and are currently being collated and interpreted to allow definition of the limits of mineralization and to highlight potential extensions to the mineralization that will require planning of follow-up drilling programs. It is anticipated that the Company will be in a position to release a comprehensive analysis within the next two
weeks.

Option over Uranium Properties
Burey has an option to acquire a number of uranium prospective mineral interests in Western Australia and South Australia from ASX listed, Kalgoorlie Boulder Resources Limited (“KBRL”). The purchase price comprises 17.2 million shares in Burey and $50,000 cash. KBRL's portfolio of uranium assets, subject to the Burey option, consists of approximately 26 exploration licences or applications covering a total of approximately 5,040 square kilometres
in Western Australia and South Australia. Burey has engaged an eminent uranium geologist, Mr Mohan Varkey, to conduct due diligence on the KBRL properties. His formal assessment commenced in January 2007 and the Board anticipates completion of his inquiries by the end of March 2007.