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FFR - Firefly Resources

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Re:BOOTU CREEK TENEMENT MAP

In the meantime YT here is the brumby tenements at bootu creek just north of the OHM manganese mine,not a new map but not been posted before so give the new guys a chance to look see at the you beaut posi..tb

bootu creek tenements
 

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Re: BMY - Brumby Resources

Agree with the market consensus. Has good large ground in the right areas(Pilbara, North), but is very speculative

Key points for discussion are

-Companies main Pardoo east tenements is in the "Grass roots" category. No sampling/drilling exists. Most of the targets under cover, so sampling pointless.

-Drilling some time away. Last i heard waiting for approvals.

-Manganese targets grass roots.

-Mainly a nearology play. Gravity targets for Pardoo east are its most advanced haematite project.

-Magnetite is not that interesting.

-Telyagel target needs firming up/ground gravity surveys.

So company is in pre-drill phase ,and real grass roots on other tenements. Hard to assign a mkt cap of greater than $30m at this stage.
 
Re: BMY - Brumby Resources

Anyone have any ideas on when drilling might start?

Im very new to trading and am unsure of whether to buy into BMY yet.
 
Re: BMY - Brumby Resources

Hi Tnargak,

Do you hold shares in other companies ?
BMY is relatively high risk for someone new to
the sharemarket.I have a dabble in BMY
but it is only 5% of my total shareholdings.
There are safer plays around like UMC Jorc anouncement
due in the next five weeks or so .
 
Re: BMY - Brumby Resources

wow someone sure is keen on those BMYO's 1M bid (2x 500k) at 9.5c

Given they're 15c options = an SP of @24.5c, but then there's always a premium built into options, BMY's is actually small in comparison to others

This is a real Pilbara Fe sleeper
 
Re: BMY - Brumby Resources

Hopefully she'll wake up in the next few weeks.
If it turns out there is a decent amount of Iron Ore then it'll take of based on it's low market cap.
 
Re: BMY - Brumby Resources

I like the Mn project. 11m market cap seems very attractive.
Brumby has identified multiple targets prospective for manganese within its wholly-owned Exploration Licence 25354. The project is located 10 kilometres north of the Bootu Creek manganese mine and some 120 kilometres north of Tennant Creek in the Northern Territory.

The project tenement covers 78 square kilometres of prospective ground along strike from the Bootu Creek mine within the same geological-structural corridor.

The OM (Manganese) Limited (a wholly owned subsidiary of OM Holdings Limited), Bootu Creek open cut mining operation is located approximately 20 kilometres east of the Stuart Highway and 50 kilometres east of the Alice Springs railway line.

Brumby recently undertook a regional and geological evaluation of the Bootu Creek and Renner Springs manganese province. This evaluation defined 18 targets prospective for manganese mineralisation within Brumby’s Licence area.

During November Brumby also commenced the flying of a Helicopter Electromagnetic (HEM) survey to define further target areas.
 
Re: BMY - Brumby Resources

tnargak said:
Anyone have any ideas on when drilling might start?

Im very new to trading and am unsure of whether to buy into BMY yet.
Click to expand...


Hi tnargak, from the latest Telyagel announcement drill testing is planned towards the end of 2008, subject to statutory approvals and drill rig availability.

So still some way to go yet !
 
Re: BMY - Brumby Resources

Nice announcement highlighting manganese ground surrounded by OM Holdings and Sinosteel land.

Small area (78 square km) but electromagnetic surveys show there is something there.

This company does have some interesting projects.
 
Re:BOOTU CREEK GOOD BUT NEEDS TIME...

Its a good location just 10kms from ohm.i recently posted the survey targets from last year,brumby needs more time to develop these projects.drilling will get under way in this half of the year but it is likely you will get postponments of work due to the wet season.only been listed since december 2006...18 months.so its time will come...

you must be prepared to sit on your hands for 6-12 months,many are not & want results asap...mining dont work like that...xmas should see some progress with the projects,but as i said sometimes work has to wait til the summer...be patient & you will be rewarded...tb
 
Re:OHM SHIPS ITS 1MTS OF MANGANESE,BRUMBY 10KMS NORTH

This is all good news for brumby with omh's mine putting out its 1mt of manganese...tb

MANGANESE miner OM Holdings has shipped the millionth tonne of manganese ore from its wholly-owned Bootu Creek mine in the Northern Territory.
The milestone was reached with a 28,000 tonne shipment leaving the Port of Darwin yesterday, about two years after the commissioning and start-up of the operation.

“We are very pleased to have reached this significant milestone at a time of historic strength in the manganese market,” OM chief executive Low Ngee Tong said.

“Bootu Creek is delivering outstanding production performances at a very opportune time in the commodity cycle.”

The Bootu Creek project originally had a design capacity of 550,000 tonnes per annum, but with manganese prices at record highs, the project is achieving production of 700,000 tonnes per annum.

The total ore reserves at Bootu Creek stand at 10.3 million tonnes at 24.5% manganese and the mineral resources stand at 17.75Mt at 25.7% manganese.

The company said that at the increased production rate the mine life is 8.5 years, though the company is still exploring and has a budget of more than $10 million to extend the mine life.

An official function to mark the milestone will be held at Parliament House in Darwin on Thursday.
 
Re: BMY - Brumby Resources

Things are starting to hot up.
Lot's of drilling between now and Christmas and lot's to look forward to.
For anyone who hasn't yet seen it, Brumby released a 19 page Broker presentation announcement yesterday.
This highlights just how many projects Brumby has and the potential for this Brumby to climb.
Just had a look at the market depth for sellers of Brumby and there are less than 300,000 shares for sale and around 200,000 options for sale.
Holders are holding and why wouldn't you with such potential.
I hold Brumby options therefore I'm biased towards Brumby but it's easy to be biased especially after reading the presentation they released yesterday.

Oscar
 
Re: BMY - Brumby Resources


As i have said this is a sleeping Giant,

some of the most amazing land holding in Pilbara, ie near AGO, AXO, BHP, ARH to name a few big names, very dominant Pilbara Costal position (ie near PORTS!)

Also has good ground near OMH's Manganese operation/mine (Manganese is a dark horse metal for me)

Patience, this has multi bagger all over it
 
Re: BMY - Brumby Resources

Certainly have plenty of projects on the go.

No mention of their Gold assets in the recent preso?
Perhaps they have shifted their focus onto Iron Ore and Manganese, although I`d though there was some results due from heir Frances Furness Gold project.

Busy 2nd half of the year coming up...
 

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Re: BMY - Brumby Resources

I havnt really spent much time looking at Brumby before but with a bit of extra cash on hand from some profit taking I have started picking up a few parcels.. 23-26c hopefully this isnt too high an entry on a day when its up 10% .. For some reason today it was just sticking out to me and I have a gut feel that I need to get involved !
 
Re: BMY - Brumby Resources

It might be the words young trader keeps saying that got my interest ..
"sleeping giant"

I like the sound of that! I feel like I am jack jumping on the bean stalk!
Lets wake up the old sleeping giant!!
 
Re: BMY - Brumby Resources

looking at Brumby's projects in the Parboo area there are quite a few Tenures shaded red which indicates granted applications.
There is also a pink shaded, large area which is under application so I would assume that is another thing to look forward to - it's area E45/3137.
 
Re: BMY - Brumby Resources


Well the sleeping giant is stirring a little

Lots of drilling and survey results this qtr so I expect the Giant to awaken in a few weeks

Fee Fi Fo Fum I smell the possibility of a potential multi bagger run! :
 
Re: BMY - Brumby Resources

Time for Brumby to announce they have the golden Goose.

The new Rio Iron ore price has a few stocks climbing.

Good times ahead.

Oscar
 
Re: BMY - Brumby Resources

hey sorry folks that was me poking the giant with a stick this morning

I've put on a $25K position today. it was difficult to get the volume I wanted this morning without moving the price too much! Everytime I put on a position somebody would do a Jezalenko over the top of it.

IO and manganese; drilling all year from here, silly market cap, whats not to like ^_-

-Cali
 
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