ANL - Amani Gold

[56gsa]

I was wondering what peoples thoughts were re the Gold results, got a wee bit of feedback but would like some more

on your numbers:
looks like they are saying its 1500m long?
you used 15m deep but it looks like theres a lower band of about 15m as well that is more fragmented - so you could perhaps increase depth?
your NPV is more of a total net cashflow - hasn't been discounted

but the real question is - is it viable to mine...? any geo's want to comment?

seems they won't be doing BFS for awhile - but mkt cap ridiculously low given potential, with main risk the guinea political situation

anyways U and issue of options are enough to suggests this is a good time to hold or buy some more imo... DYOR!

 

[Kauri]

I don't think that you can assume 36mt ore at 0.8 gmt. The cutoff was 0.4 gmt, they have only reported samples grading over this. What % of the 36mt is grading at less than 0.4%. At what grade does heap leach become uneconomic?

 

[YOUNG_TRADER]

A few quick replies,

I never bother discounting cashflows, by the time your doing that your talking production etc, I only due back of the envelope estimations which are technically just Net Cash Flows, but I use the term NPV because more people are familiar with it etc etc


As for BFS well tolll treatment ain't that difficult, I reckon a JV with SEMAFO
is the way to go


The 0.8g/t was an estimate, I'm not sure at what level leaching would become unprofitable, but am thinking 0.4g/t would be absolute lowest, also 0.8g/t is why I factored in $650/oz cash costs, alot of the mineralisation is at or from surface though.

All in all BYR also held up well closing higher than it opened

 

[Stimpy]

I thought I'd investigate Semafo since their Kiniero mine is immediately adjacent to Burey's Mansounia project, and to my mind it stands to reason that the projects will have a good deal of similarity.

Semafo's website (http://www.semafo.com) states:

"... Semafo produced 61,416 ounces of gold at a cash operating cost of $276 at Kiniero."

"... having achieved an average monthly throughput of 51,000 tonnes of ore, for a total of 617,080 tonnes of ore, at an average grade of 3.28 g/t resulting in gold production of 61,416 ounces."

Since Kiniero is already established, with higher grade ore, it is reasonable to assume that Burey is looking at higher costs with a lower cutoff.

Will it be economic?

In their FY2004 Annual Report Gold Fields specified a cutoff of 0.31g/t with a gold price of $400/oz and a cash cost of $231g/oz for their Tarkwa mine in Ghana which is a heap leach project (they've since added CIL to enhance recovery).

(see http://www.goldfields.co.za/Investo...r_04/resources/int_ops_modifying_factors.html, http://www.goldfields.co.za/content/operations/int_tarkwa.asp)

Of course, the cutoff depends on the porosity of the ore, the capital cost of the pad, the price of gold... since the POG is slightly higher than $675/oz as I click "Submit" it seems pretty reasonable to assume that this is already economic.

And that's without resource extension, etc.

Or uranium...

Disclaimer: I'm just a stupid cat, and if you take investment advice from a cartoon character, you're better off with a term deposit.

 

[YOUNG_TRADER]

Disclaimer: I'm just a stupid cat, and if you take investment advice from a cartoon character, you're better off with a term deposit.

Stimpy!!!!!! Joooo Eiiiiiiidioooooooooottttttt I keeeel a you! (LOL Unless you watched Ren and Stimpy as a child that won't mean much )


On a serious note, I really like it when I get the ball rolling with research on a good company and other step up to the plate with more research as Stimpy and others have done

Keep it up guys

 

[skint]

LOL Unless you watched Ren and Stimpy as a child that won't mean much

Hi YT, Perhaps you can put me out of my misery, so I can get back to my basket weaving. I understand the acronyms such as IMO, IMHO and so on, but for the life of me I can't work out "lol".
P.S. Remember I mentioned JRV at .009? I must be good for something.

 

[greggy]

Hi YT, Perhaps you can put me out of my misery, so I can get back to my basket weaving. I understand the acronyms such as IMO, IMHO and so on, but for the life of me I can't work out "lol".
P.S. Remember I mentioned JRV at .009? I must be good for something.

Here, here. I've been in this forum for a while and am still trying to figure out what "LOL" is. Please explain (I'm not referring to Pauline Hanson here or any of her extreme right wing ****).
DYOR

 

[pkj24]

lol = laugh out loud

 

[greggy]

Here, here. I've been in this forum for a while and am still trying to figure out what "LOL" is. Please explain (I'm not referring to Pauline Hanson here or any of her extreme right wing ****).
DYOR

It didn't work, the censors are working well. I'll now substitute sh_t with crap!

 

[skint]

It didn't work, the censors are working well. I'll now substitute sh_t with crap!

I'd say sh_t and crap are both probably one too many syllables for the oxley-moron.

 

[greggy]

I'd say sh_t and crap are both probably one too many syllables for the oxley-moron.

You just made me Laugh Out Loud (LOL).

 

[nomore4s]

mmm not a good day for BYR, buy depth is looking a bit thin too.

 

[Stimpy]

Today was my worst day ever, even worse than yesterday

Reasons to stay: options rights this month, uranium deal shortly thereafter.

Bargain hunters have been hard at work emptying their pockets into BHP and the like all day, but what about the small-mid caps?

What happens to the little guys?

 

[mobcat]

Same here stimpy hang in there i paid .25 for 210k yesterday i thought that was cheap might by some more if it gets to .20 BARGIN of the century if it gets there

 

[stoxclimber]

Today was my worst day ever, even worse than yesterday

Reasons to stay: options rights this month, uranium deal shortly thereafter.

Bargain hunters have been hard at work emptying their pockets into BHP and the like all day, but what about the small-mid caps?

What happens to the little guys?

Reasons to stay: its been sold off on almost no volume!! Guys, lets not get exited about a rise/fall with 228K volume...thats ~$55k...the equivalent of 3-5 small investors!!

 

[LifeisShort]

Same here stimpy hang in there i paid .25 for 210k yesterday i thought that was cheap might by some more if it gets to .20 BARGIN of the century if it gets there

Its only a bargain of the century if it goes up in price. At the moment after all the hype and results have been realeased its a disappointing stock.....very similar to a lot of explorers who live on hype and promises. Don't get me wrong.....read through the post and this was hyped up to go ballistic and everyone believed it........but looks like it might be a long term play (i think everyone on this post are short termers bar 1 or 2). Good luck to all holders......you still have hope that the options announcement might get the price rolling. I'd rather stick to something more substantial like a potential high grade gold discovery or something more exciting....

p.s. the little fellas get knocked off first when there is trouble afoot.

 

[Sean K]

Same here stimpy hang in there i paid .25 for 210k yesterday i thought that was cheap might by some more if it gets to .20 BARGIN of the century if it gets there

Mobcat, ASF has a pretty stringent policy on ramping, which is aimed to encourage members to post analysis of stocks to back up statements. When referring to stocks as 'bargains' some level of analysis is required to back it up. This keeps the quality of posting on ASF to a high level. Just a friendly message to keep it all on track. Good luck with BYR! Kennas

 

[greggy]

BYR is looking weak at present, but its potential hasn't changed at all. I don't think this stock is the bargain of the century (there's another 93 years to go), but it is one that looks comparatively undervalued at current levels (gold project, potential uranium acquisition, oppies issue etc..).
DYOR

 

[Absolutely]

Its only a bargain of the century if it goes up in price. At the moment after all the hype and results have been realeased its a disappointing stock.....very similar to a lot of explorers who live on hype and promises. Don't get me wrong.....read through the post and this was hyped up to go ballistic and everyone believed it........but looks like it might be a long term play (i think everyone on this post are short termers bar 1 or 2). Good luck to all holders......you still have hope that the options announcement might get the price rolling. I'd rather stick to something more substantial like a potential high grade gold discovery or something more exciting....

p.s. the little fellas get knocked off first when there is trouble afoot.

Yes well NWR is hardly flying either despite seemingly good announcements. BYR is not about to fall over with money in the bank and substantial potential on the uranium front even if the gold reserves are looking a little lean at present but even here there remain quite some potential.

It is a very valid comment that recent weakness is on low volume and even now the sell depth remains fairly unmotivated in my opinion.

 

[greggy]

Yes well NWR is hardly flying either despite seemingly good announcements. BYR is not about to fall over with money in the bank and substantial potential on the uranium front even if the gold reserves are looking a little lean at present but even here there remain quite some potential.

It is a very valid comment that recent weakness is on low volume and even now the sell depth remains fairly unmotivated in my opinion.

Its still ealry days for the gold project, but the potential on the uranium front is extremely interesting. The upcoming oppies issue also looks good.
DYOR